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WEST PALM BEACH, Fla. — An online spat between factions of Donald Trump's supporters over immigration and the tech industry has thrown internal divisions in his political movement into public display, previewing the fissures and contradictory views his coalition could bring to the White House. The rift laid bare the tensions between the newest flank of Trump's movement — wealthy members of the tech world including billionaire Elon Musk and fellow entrepreneur Vivek Ramaswamy and their call for more highly skilled workers in their industry — and people in Trump's Make America Great Again base who championed his hardline immigration policies. The debate touched off this week when Laura Loomer, a right-wing provocateur with a history of racist and conspiratorial comments, criticized Trump’s selection of Sriram Krishnan as an adviser on artificial intelligence policy in his coming administration. Krishnan favors the ability to bring more skilled immigrants into the U.S. Loomer declared the stance to be “not America First policy” and said the tech executives who have aligned themselves with Trump were doing so to enrich themselves. Much of the debate played out on the social media network X, which Musk owns. Loomer's comments sparked a back-and-forth with venture capitalist and former PayPal executive David Sacks, whom Trump has tapped to be the “White House A.I. & Crypto Czar." Musk and Ramaswamy, whom Trump has tasked with finding ways to cut the federal government, weighed in, defending the tech industry's need to bring in foreign workers. It bloomed into a larger debate with more figures from the hard-right weighing in about the need to hire U.S. workers, whether values in American culture can produce the best engineers, free speech on the internet, the newfound influence tech figures have in Trump's world and what his political movement stands for. Trump has not yet weighed in on the rift. His presidential transition team did not respond to questions about positions on visas for highly skilled workers or the debate between his supporters online. Instead, his team instead sent a link to a post on X by longtime adviser and immigration hard-liner Stephen Miller that was a transcript of a speech Trump gave in 2020 at Mount Rushmore in which he praised figures and moments from American history. Musk, the world's richest man who has grown remarkably close to the president-elect, was a central figure in the debate, not only for his stature in Trump's movement but his stance on the tech industry's hiring of foreign workers. Technology companies say H-1B visas for skilled workers, used by software engineers and others in the tech industry, are critical for hard-to-fill positions. But critics have said they undercut U.S. citizens who could take those jobs. Some on the right have called for the program to be eliminated, not expanded. Born in South Africa, Musk was once on an a H-1B visa himself and defended the industry's need to bring in foreign workers. “There is a permanent shortage of excellent engineering talent," he said in a post. “It is the fundamental limiting factor in Silicon Valley.” Trump's own positions over the years have reflected the divide in his movement. His tough immigration policies, including his pledge for a mass deportation, were central to his winning presidential campaign. He has focused on immigrants who come into the U.S. illegally but he has also sought curbs on legal immigration, including family-based visas. As a presidential candidate in 2016, Trump called the H-1B visa program “very bad” and “unfair” for U.S. workers. After he became president, Trump in 2017 issued a “Buy American and Hire American” executive order, which directed Cabinet members to suggest changes to ensure H-1B visas were awarded to the highest-paid or most-skilled applicants to protect American workers. Trump's businesses, however, have hired foreign workers, including waiters and cooks at his Mar-a-Lago club, and his social media company behind his Truth Social app has used the the H-1B program for highly skilled workers. During his 2024 campaign for president, as he made immigration his signature issue, Trump said immigrants in the country illegally are “poisoning the blood of our country" and promised to carry out the largest deportation operation in U.S. history. But in a sharp departure from his usual alarmist message around immigration generally, Trump told a podcast this year that he wants to give automatic green cards to foreign students who graduate from U.S. colleges. “I think you should get automatically, as part of your diploma, a green card to be able to stay in this country," he told the “All-In" podcast with people from the venture capital and technology world. Those comments came on the cusp of Trump's budding alliance with tech industry figures, but he did not make the idea a regular part of his campaign message or detail any plans to pursue such changes.
Gus Malzahn is leaving his post as UCF's head coach to reunite with Florida State coach Mike Norvell as the Seminoles' offensive coordinator, ESPN reported on Saturday. Norvell, who served as a graduate assistant under Malzahn at Tulsa in 2007-08, relinquished his role as FSU's primary playcaller amid a staff shakeup this season. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.
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Redefining the Real HappinessNoneAt last, Wilson’s reputation gets dismantling it deserves
Nikkei Trading Near 1989 Stock Peak: Double Top?
Smith asks to drop casesPHILADELPHIA and NEW YORK , Dec. 27, 2024 /PRNewswire/ -- FS KKR Capital Corp. (NYSE: FSK) today announced that it has completed its previously announced offering of an additional $100 million in aggregate principal amount of its 6.125% notes due 2030 (the "Notes"). The Notes will be a further issuance of, and form a single series with, the $600 million aggregate principal amount of 6.125% Notes due 2030 that FSK issued on November 20, 2024 , increasing the outstanding aggregate principal amount of the series to $700 million . BofA Securities, Inc., BMO Capital Markets Corp., J.P. Morgan Securities LLC, KKR Capital Markets LLC, SMBC Nikko Securities America, Inc., and Truist Securities, Inc. are acting as joint book-running managers for this offering. FSK intends to use the net proceeds of this offering for general corporate purposes, including potentially repaying outstanding indebtedness under credit facilities and certain notes. This announcement does not constitute an offer to sell or a solicitation of an offer to buy any of the Notes, nor shall there be any offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. About FS KKR Capital Corp. FSK is a leading publicly traded business development company (BDC) focused on providing customized credit solutions to private middle market U.S. companies. FSK seeks to invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market companies. FSK is advised by FS/KKR Advisor, LLC. About FS/KKR Advisor, LLC FS/KKR Advisor, LLC (FS/KKR) is a partnership between FS Investments and KKR Credit that serves as the investment adviser to FSK and other business development companies. FS Investments is a global alternative asset manager dedicated to delivering superior performance and innovative investment and capital solutions. The firm manages over $83 billion in assets for a wide range of clients, including institutional investors, financial professionals and individual investors. FS Investments provides access to a broad suite of alternative asset classes and strategies through its best-in-class investment teams and partners. With its diversified platform and flexible capital solutions, the firm is a valued partner to general partners, asset owners and portfolio companies. FS Investments is grounded in its high-performance culture and guided by its commitment to building value for its clients, investing in its colleagues and giving back to its communities. The firm has more than 500 employees across offices in the U.S., Europe and Asia and is headquartered in Philadelphia . KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. Forward-Looking Statements and Important Disclosure Notice This announcement may contain certain forward-looking statements, including statements with regard to future events or future performance or operations of FSK. Words such as "believes," "expects," "projects," and "future" or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements. Factors that could cause actual results to differ materially include changes in the economy, risks associated with possible disruption in FSK's operations or the economy generally due to terrorism, geo-political risks, natural disasters or pandemics such as COVID-19, future changes in laws or regulations and conditions in FSK's operating area and the price at which shares of FSK's common stock trade on the New York Stock Exchange. Some of these factors are enumerated in the filings FSK makes with the SEC. FSK undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Contact Information: Investor Relations Contact Anna Kleinhenn Anna.Kleinhenn@fsinvestments.com FS Investments Media Team Melanie Hemmert Melanie.Hemmert@fsinvestments.com View original content to download multimedia: https://www.prnewswire.com/news-releases/fsk-completes-public-offering-of-100-million-6-125-unsecured-notes-due-2030--302339667.html SOURCE FS InvestmentsThe Miami Dolphins have made chicken salad, as they know. They’ve raised the Titanic to have some freshly-cut optimism. They know that, too. They’re also rich with record-stuffing, statistic-bulging victories against lesser teams again this season — and lacking in the kind of impressive wins that would again define them as anything substantial. Their best weapon heading to Green Bay on Thursday night is they know all this, too. “I’m excited to kill narratives,” quarterback Tua Tagovailoa said after Sunday’s win over the New England Patriots . “So, let’s go. Bring it on.” Can’t beat playoff teams. Really can’t beat playoff teams on the road. Really, really can’t beat them on the road in cold weather. Those are the narratives stitched together across three years about these Dolphins. There’s no calling Ghostbusters to exterminate them. This team thinks it’s experienced enough heartbreak and falling short to embrace some necessary lessons of failure heading to the Packers (8-3) game. Related Articles “I’m very comfortable with narratives because they’re very predictable and retroactive,” coach Mike McDaniel said Monday. They can be starkly, painfully true, too. The Dolphins (5-6) were 3-12 against playoff teams in McDaniel’s first two years. Add two losses to Buffalo and another to Arizona this season — the Dolphins’ only opponents making the playoff cut today — and they’re 3-15. They’re 0-11 on the road against these teams. They’re 0-4 against them below 39 degrees. Or, if you want to go all Al Roker involving the weather, this franchise is 0-11 in similarly cold games since 2017. It’s expected to be around 37 degrees at kickoff in Green Bay (with a 48 percent chance of precipitation, nine mph winds and fair air quality). McDaniel thinks the Dolphins have a better handle on the weather issue since the 2022 playoff game in Buffalo when, ‘half the team had never played in cold before and it was my first time in that element with those guys. At this point, we’re a little more familiar.” But let’s talk like adults. This game won’t be decided by the bogeyman of weather. It won’t be about the road, either, as much as how the Dolphins handle the big moments that always separate champs from wannabes by the slimmest of margins. That’s not just in the NFL, where the Kansas City won its 10th game Sunday by another field goal, and Las Vegas lost its ninth when a final drive went nowhere. Pick any sport. Pick tennis. Roger Federer addressed Dartmouth graduates in June and noted, “Even top-ranked tennis players win barely half the tennis points they play.” Federer won 54 percent of his career points. That’s it. It’s barely believable considering his 20 Grand Slam titles. But his teaching point was he mentally managed the losing points across his career and, more importantly, won the biggest points. That’s where the Dolphins are Thursday. They’re in a big game, sure. And big games typically come down to a handful of plays they’ll need to win, the ones they didn’t in the last month in losing to Buffalo and Arizona. No such game-deciding plays were needed in comfortable, double-digit wins against the 5-6 Los Angeles Rams, 2-9 Raiders or 3-9 Patriots. Those wins were needed to right a trouble season. McDaniel’s East Coast Offense, a ball-control, Tua-at-the-controls update of Bill Walsh’s West Coast Offense, is clicking to 30.3 points on this three-game win streak. The defense hasn’t allowed more than 19 points over it. The special teams haven’t broken down once. But the Dolphins have typically looked strong in these kind of games against those kind of opponents. Now comes the other kind of opponent, the one they’ve had trouble beating. “I really don’t think this team has to be told it’s a big game,” McDaniel said. “This is game we’ve been building for.” Green Bay, at 8-3, is the last legitimate contender on the Dolphins schedule. Houston (7-5) is a borderline playoff team that plays in the weak AFC South. San Francisco, at 5-6, isn’t the opponent you feared in August. So, Green Bay is a measuring-stick moment for these Dolphins who are so full of feel-good after three consecutive wins. They should be, too. They also should heed Federer’s words to Dartmouth’s graduates that, “You want to become a master at overcoming hard moments. That is, to me, the sign of a champion.” Champions won’t be crowned Thursday. But some unwanted narratives can be dented. The legitimacy of this season’s turnaround is at stake. It’s on a national platform, too, which adds to the fun. Bring it on, as Tua said.
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Suriname will distribute revenues from new oil and gas discoveries among its more than 600,000 citizens. The small South American country of Suriname plans to share revenues from newly discovered oil- and gasfields off its coast. After several discoveries of oil reserves by an offshore drilling project known as Block 58 from 2019 to 2023, President Chan Santokhi has unveiled an ambitious initiative called Royalties for Everyone” (RVI), aimed at ensuring that all Surinamese benefit from the wealth generated for the country, which experts value at about $10bn over the next 10 to 20 years. “The RVI instrument means that every Surinamese who lives in our country receives a savings note worth US$750 with an annual interest of 7 percent. The money will be paid out in the future from the royalty income of Block 58,” Santokhi said. Oil and gas production is to begin in 2028. The royalties programme is designed to distribute the anticipated profits from the nation’s natural resources directly to its citizens, marking a significant shift in the country’s economic policy and potentially transforming the lives of the Surinamese people. So how have the reserves been discovered, and how will the royalties scheme work? Where have the reserves been found? Block 58 is a large $10.5bn, deepwater oil and gas project situated off the coast of Suriname, which became a Dutch colonial post after the British traded it for New Amsterdam (now Manhattan, New York) in 1667. Despite gaining independence in 1975, Dutch remains the official language in Suriname. French energy giant TotalEnergies, which is working in a joint venture with the United States energy company Apache Corporation (APA Corp), is the project operator of Block 58. The venture aims to tap into a substantial oilfield 150km (nearly 100 miles) off the coast of Suriname that has the potential to produce up to 220,000 barrels of crude oil daily. Is Suriname the only country sharing oil wealth in this region with its citizens? No, and it is not the only country that has benefitted from offshore oil exploration in the region. Guyana, its neighbour, announced last month that hundreds of thousands of Guyanese citizens at home and abroad aged 18 and over will each receive cash payments of about 100,000 Guyanese dollars ($480). Irfaan Ali, Guyana’s president, said in a statement in October: “Over the past week, thousands of Guyanese have engaged me and members of my cabinet, providing extremely favourable feedback on the measures.” How was oil discovered off the coasts of Guyana and Suriname? Although much of Guyana’s and Suriname’s oil reserves have been found only within the past 10 years, early onshore exploration in the 1800s and 1900s found “oil seeps” – naturally occurring liquid or gaseous hydrocarbons – according to World Oil, a journal focusing on oil and gas exploration. These early oil seep discoveries were understood to be evidence of the existence of larger oil reserves and possible functioning petroleum and gas systems beneath them. In May 2015, ExxonMobil, a Texas-based multinational oil and gas corporation, and its partners made their first major oil find at the Liza-1 oil well, located in the Stabroek Block 193km (120 miles) off the coast of Guyana. Although early oil exploration in Suriname began in the 1930s, Suriname’s oil industry was not born until the first commercial discovery of oil in the Calcutta Field, located in the Saramacca District in northern Suriname in 1965 by Nederlandse Aardolie Maatschappij (NAM), a joint venture between Shell and ExxonMobil. With the founding of Staatsolie Maatschappij Suriname NV in 1980, Suriname significantly enhanced its control over its state oil resources. While more recent exploration for oil and gas reserves began in the 2000s, TotalEnergies did not begin its operations in Block 58 until 2019. Will newfound oil wealth change economic prospects for Guyana and Suriname? Oil wealth has not always translated into economic wealth for nations with large oil and gas reserves. Santokhi told the AFP news agency that he was “quite aware of the oil curse”, also known as the “Dutch disease”, which had fallen on resource-rich countries such as Venezuela, Angola and Algeria – none of which has seen big uplifts for their economies despite a wealth of natural resources. Only Norway has managed to escape the curse – mostly by building a sovereign wealth fund also known as the Government Pension Fund to act as a buffer against the highs and lows of oil prices after one of the world’s largest oilfields was discovered off the Norwegian coast in 1969. Learning from this, Santokhi said, Suriname has set up a similar fund in expectation of the oil cash influx. According to the 2022 Suriname Poverty and Equity Assessment, conducted by the Inter-American Development Bank (IDB) and the World Bank, the national poverty rate in Suriname is 17.5 percent. This is nearly double the average 9.2 percent of the global population (about 700 million people) currently living in extreme poverty. According to 2019 estimates from the World Bank, the poverty rate in Guyana is even more dire – at 48.4 percent, down from 60.9 percent in 2006, making it one of the poorest countries in the Caribbean and Latin America despite the oil boom there. Although Guyana possesses one of the world’s largest shares of oil per capita, almost half the population still lives on less than $5.50 a day, according to a 2021 USAID report, and has been hard hit by the global cost-of-living crisis in recent years. According to the report, “Guyana’s political instability raises concerns that the country is unprepared for its newfound wealth without a plan to manage the new revenue and equitably disburse the financial benefits.” Although poverty remains a challenge, the oil discoveries have lowered the poverty rate and opened the door for more state projects. In September, the government outlined plans to build a $1.9bn gas-to-energy project aimed at doubling energy output. “If you haven’t lived through what we lived through, you won’t understand what this mind-boggling growth means,” Guyanese media analyst and entrepreneur Alex Graham told The Guardian newspaper. Which other countries use wealth from natural resources to benefit citizens? In 2008, Mongolia established the Human Development Fund, which is responsible for distributing mining revenues to citizens via cash payouts. The programme was also designed to use revenues from state-owned coal and copper mining companies such as Erdenes Tavan Tolgoi and Erdenet Corp to fund social programmes, infrastructure projects and healthcare. According to a 2012 article from the Brookings Institution, a nonpartisan policy think tank based in Washington, DC, the Mongolian parliament mandated in 2011 that 805 billion tugriks (about $567m) from the fund be allocated to all citizens. This allocation was intended to cover health insurance costs and student tuition fees. Additionally, a cash payout of 21,000 tugriks (about $15) was made to each citizen. After the 2012 elections, however, the government implemented austerity measures to address Mongolia’s dire economic situation. It discontinued cash payouts and reverted to a more targeted approach, focusing solely on monthly payments for children. Due to structural inefficiencies in the Human Development Fund, it was eventually replaced in 2016 with the Fiscal Stability Fund, which focuses on stabilising the economy rather than distributing direct cash benefits. Botswana’s Sovereign Wealth Fund, the Pula Fund, was founded in 1993 to manage revenues from diamond exports. The fund underwent a significant restructuring in 1997 under the Bank of Botswana Act of 1996. The Pula Fund does not make direct payments to citizens. Its primary purpose is to cushion the economy against cyclical financial shocks. According to a 2023 estimate from GlobalData, a data analytics and consulting company, Botswana is the world’s second largest producer of diamonds and accounts for about 20 percent of global diamond production. But in 2023, Botswana exported $3.2bn in diamonds – a 31 percent drop from 2022’s exports. After independence in 1966, Botswana was the world’s second poorest country, but according to recent World Bank economic reports, it is now considered an upper middle income country with most of its growth driven by diamond exports. In the US, some states are heavily dependent on oil and gas revenues, and some have found ways to benefit citizens directly. Alaska’s Permanent Fund Dividend was established via a constitutional amendment shortly after oil production began in 1977 at the state’s petroleum reserve – the largest ever identified in North America. The oilfield is located in Prudhoe Bay in the North Slope region. The fund was set up to use revenues from oil production to make dividend payments to “current and future generations of Alaskans”. According to state officials, roughly 600,000 Alaskans are eligible for the dividend, worth $1,702 this year. In Alabama, 28 percent of revenues generated from the sale of oil and gas are transferred to the Alabama Capital Improvement Trust Fund. This state fund primarily pays for technology and infrastructure projects that include construction and renovation of roads, bridges and government buildings, all providing an influx of jobs for the state. In 1976, the Montana Coal Severance Tax Trust Fund was created through a voter-approved constitutional amendment. Half of it is funded by taxes on coal extraction revenues. The fund is responsible for job creation, school facility projects, new infrastructure and renewable energy projects.
Daniel Jones clears waivers: 3 reasons why Vikings are being named as potential suitors | Sporting News
The Gophers football program has added a second receiver commitment in two days via the NCAA transfer portal. Nebraska transfer Malachi Coleman pledged to Minnesota on Tuesday and will have three years of eligibility at the U. “Let’s rock,” he posted on social media. Coleman was a top 70 recruit in the nation out of Lincoln (Neb.) East in the class of 2023, but didn’t play much in 2024. Listed at 6-foot-4 and 190 pounds, Coleman played in only one game in 2024, using his redshirt season. As a true freshman in 2023, Coleman had eight receptions for 139 yards and one touchdown. In 2023, he received an average grade out 58.0 by Pro Football Focus and was primarily a split receiver for 332 out of 335 total offensive snaps. Coleman follows two other wideouts to Minnesota: Logan Loya (UCLA) on Monday and Jaovn Tracy (Miami of Ohio) on Dec. 15.
Cardinals' feel-good month comes to a screeching halt after a head-scratching loss to SeahawksBank of Stockton lessened its position in shares of Amazon.com, Inc. ( NASDAQ:AMZN – Free Report ) by 3.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,193 shares of the e-commerce giant’s stock after selling 515 shares during the quarter. Amazon.com comprises 0.9% of Bank of Stockton’s portfolio, making the stock its 22nd biggest holding. Bank of Stockton’s holdings in Amazon.com were worth $2,831,000 at the end of the most recent reporting period. Several other institutional investors have also added to or reduced their stakes in AMZN. Vanguard Group Inc. boosted its holdings in shares of Amazon.com by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock worth $141,744,609,000 after purchasing an additional 14,724,687 shares during the period. Capital Research Global Investors boosted its holdings in shares of Amazon.com by 8.5% in the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after purchasing an additional 6,810,145 shares during the period. Legal & General Group Plc boosted its holdings in shares of Amazon.com by 1.5% in the 2nd quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant’s stock worth $13,466,933,000 after purchasing an additional 1,042,177 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Amazon.com by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock worth $13,091,909,000 after purchasing an additional 289,532 shares during the period. Finally, Capital International Investors boosted its holdings in shares of Amazon.com by 7.4% in the 1st quarter. Capital International Investors now owns 42,370,172 shares of the e-commerce giant’s stock worth $7,642,732,000 after purchasing an additional 2,932,192 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock. Insider Buying and Selling In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the transaction, the director now owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink . Also, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This trade represents a 3.39 % decrease in their position. The disclosure for this sale can be found here . Insiders sold a total of 6,026,683 shares of company stock valued at $1,252,148,795 over the last 90 days. Insiders own 10.80% of the company’s stock. Amazon.com Trading Up 1.0 % Amazon.com ( NASDAQ:AMZN – Get Free Report ) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the previous year, the firm posted $0.85 earnings per share. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, equities research analysts anticipate that Amazon.com, Inc. will post 5.29 earnings per share for the current year. Wall Street Analysts Forecast Growth AMZN has been the subject of a number of recent research reports. Piper Sandler lifted their target price on Amazon.com from $215.00 to $225.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Moffett Nathanson raised their price target on Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research note on Tuesday. Oppenheimer raised their price target on Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Monness Crespi & Hardt raised their price target on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, UBS Group raised their price target on Amazon.com from $220.00 to $223.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Two research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $236.20. View Our Latest Report on AMZN About Amazon.com ( Free Report ) Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content. Featured Stories Five stocks we like better than Amazon.com Election Stocks: How Elections Affect the Stock Market The Latest 13F Filings Are In: See Where Big Money Is Flowing REIT Stocks – Best REIT Stocks to Add to Your Portfolio Today 3 Penny Stocks Ready to Break Out in 2025 How to Calculate Stock Profit FMC, Mosaic, Nutrien: Top Agricultural Stocks With Big Potential Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter .
Mumbai: The Indian economy is recovering from the slowdown in momentum witnessed in the September quarter, driven by strong festival activity and a sustained upswing in rural demand, according to a Reserve Bank of India (RBI) bulletin released on Tuesday. An article on the ‘State of the Economy’ in the December bulletin noted that the global economy continues to exhibit resilience with steady growth and moderating inflation. “High frequency indicators (HFIs) for the third quarter of 2024-25 indicate that the Indian economy is recovering from the slowdown in momentum witnessed in Q2, driven by strong festival activity and a sustained upswing in rural demand,” it said. The article further said the growth trajectory is poised to lift in the second half of 2024-25, driven mainly by resilient domestic private consumption demand. “Supported by record level foodgrains production, rural demand, in particular, is gaining momentum. Sustained government spending on infrastructure is expected to further stimulate economic activity and investment,” the authors said. Global headwinds, however, pose risks to the evolving outlook for growth and inflation, said the article authored by a team led by RBI Deputy Governor Michael Debabrata Patra. India’s GDP growth slowed to a seven-quarter low of 5.4 per cent during the July-September period of the current fiscal year. The article said that from the expenditure side, the major factor contributing to the decline in the growth rate of the economy is fixed capital formation and from the production side, the main concern is manufacturing. “Undermining both is inflation. The erosion of purchasing power due to repeated inflation shocks and persisting price pressures is starkly reflected in weakening sales growth of listed non-financial nongovernment corporations,” it said. Their outlook on demand conditions also remains subdued as no let-up in the incidence of price shocks seems to be in sight; they will increasingly be inclined to pass on input costs to selling prices. Consequently, there is no robust capacity creation by investing in fixed assets. Instead, corporations are churning and utilising existing capacity to meet the inflation-dented consumer demand, the article said. “The result is lacklustre private investment. The slowdown in consumer demand seems to be associated with slower corporate wage growth,” it said. The authors further said another headwind emerging is the slowing rate of nominal GDP growth, which could hinder fiscal spending, including on capex, to achieve budgetary deficit and debt targets. The article also noted that as per the projections based on the in-house Dynamic Stochastic General Equilibrium (DSGE), real GDP growth is likely to recover to 6.8 per cent and 6.5 per cent in Q3 and Q4 of 2024-25, respectively. Growth for 2025-26 is projected at 6.7 per cent while headline CPI inflation (retail) is projected to average 3.8 per cent in 2025-26. In the December monetary policy, the RBI had projected the GDP growth for 2024-25 at 6.6 per cent with Q3 at 6.8 per cent; and Q4 at 7.2 per cent. GDP growth for the April quarter of 2025-26 was projected at 6.9 per cent; and Q2 at 7.3 per cent. The RBI said the views expressed in the bulletin are of the authors and do not represent the views of the central bank.Jack Smith Drops All Criminal Charges Against Donald Trump—Judge Dismisses Jan. 6 CaseVictorian Nationals appoint new leader, replacing Peter Walsh
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