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Arkansas WR Andrew Armstrong declares for NFL draft, skipping bowlThe US Navy is to transform three, white elephant, stealth destroyers by fitting them with first-of-their-kind shipborne hypersonic weapons. The USS Zumwalt is at a Mississippi shipyard where workers have installed missile tubes that replace twin turrets from a gun system that was never activated because it was too expensive. Once the system is complete, the Zumwalt will provide a platform for conducting fast, precision strikes from greater distances, adding to the usefulness of the warship. “It was a costly blunder. But the Navy could take victory from the jaws of defeat here, and get some utility out of (the ships) by making them into a hypersonic platform,” said Bryan Clark, a defence analyst at the Hudson Institute. 7.5 billion The cost in dollars of each of the three Zumwalt class destroyers which were unable to use their guns because they were too expensive to fire The US has had several types of hypersonic weapons in development for the past two decades, but recent tests by both Russia and China have added pressure to the US military to hasten their production. Hypersonic weapons travel beyond Mach 5, five times the speed of sound, with added manoeuvrability making them harder to shoot down. Last year, The Washington Post newspaper reported that among the documents leaked by former Massachusetts Air National Guard member Jack Teixeira was a defence department briefing that confirmed China had recently tested an intermediate-range hypersonic weapon called the DF-27. While the Pentagon had previously acknowledged the weapon’s development, it had not recognised its testing. One of the US programmes in development and planned for the Zumwalt is the Conventional Prompt Strike. It would launch like a ballistic missile and then release a hypersonic glide vehicle that would travel at speeds seven to eight times faster than the speed of sound before hitting the target. The weapon system is being developed jointly by the Navy and Army. Each of the three Zumwalt-class destroyers would be equipped with four missile tubes, each with three of the missiles for a total of 12 hypersonic weapons per ship. In choosing the Zumwalt, the Navy is attempting to add to the usefulness of a 7.5 billion US dollars (£5.9 billion) warship that is considered by critics to be an expensive mistake despite serving as a test platform for multiple innovations. The Zumwalt was envisioned as providing land-attack capability with an advanced gun system with rocket-assisted projectiles to open the way for Marines to charge ashore. But the system featuring 155mm guns hidden in stealthy turrets was cancelled because each of the rocket-assisted projectiles cost up to one million dollars (£790,000). Despite the stain on their reputation, the three Zumwalt-class destroyers: Zumwalt, Michael Monsoor and Lyndon B Johnson; remain the Navy’s most advanced surface warships in terms of new technologies. Those innovations include electric propulsion, an angular shape to minimise radar signature, an unconventional wave-piercing hull, automated fire and damage control and a composite deckhouse that hides radar and other sensors. The US is accelerating development because hypersonics have been identified as vital to US national security with “survivable and lethal capabilities”, said James Weber, principal director for hypersonics in the Office of the Assistant Secretary of Defense for Critical Technologies. “Fielding new capabilities that are based on hypersonic technologies is a priority for the defence department to sustain and strengthen our integrated deterrence, and to build enduring advantages,” he said.

NEW YORK (AP) — The founder and former CEO of the failed cryptocurrency lending platform Celsius Network could face decades in prison after pleading guilty Tuesday to federal fraud charges, admitting that he misled customers about the business. Alexander Mashinsky , 58, of Manhattan, entered the plea in New York federal court to commodities and securities fraud. He admitted illegally manipulating the price of Celsius’s proprietary crypto token while secretly selling his own tokens at inflated prices to pocket about $48 million before Celsius collapsed into bankruptcy in 2022. In court, he admitted that in 2021 he publicly suggested there was regulatory consent for the company's moves because he knew that customers “would find false comfort” with that. And he said that in 2019, he was selling the crypto tokens even though he told the public that he was not. He said he knew customers would draw false comfort from that too. “I accept full responsibility for my actions,” Mashinsky said of crimes that stretched from 2018 to 2022 as the company pitched itself to customers as a modern-day bank where they could safely deposit crypto assets and earn interest. U.S. Attorney Damian Williams said in a release that Mashinsky “orchestrated one of the biggest frauds in the crypto industry” as his company's assets purportedly grew to about $25 billion at its peak, making it one of the largest crypto platforms in the world. He said Mashinsky used catchy slogans like “Unbank Yourself” to entice prospective customers with a pledge that their money would be as safe in crypto accounts as money would be in a bank. Meanwhile, prosecutors said, Mashinsky and co-conspirators used customer deposits to fund market purchases of the Celsius token to prop up its value. Machinsky made tens of millions of dollars selling his own CEL tokens at artificially high prices, leaving his customers “holding the bag when the company went bankrupt,” Williams said. An indictment alleged that Mashinsky promoted Celsius through media interviews, his social media accounts and Celsius’ website, along with a weekly “Ask Mashinsky Anything” session broadcast that was posted to Celsius’ website and a YouTube channel. Celsius employees from multiple departments who noticed false and misleading statements in the sessions warned Mashinsky, but they were ignored, the indictment said. A plea agreement Mashinsky made with prosecutors calls for him to be sentenced to up to 30 years in prison and to forfeit over $48 million, which is the amount of money he allegedly made by selling his company's token. Sentencing was scheduled for April 8.

WOOD DALE, Ill. , Dec. 19, 2024 /PRNewswire/ -- AAR CORP. AIR ("AAR" or the "Company") announced today that it has reached resolutions with the Department of Justice ("DOJ") and the Securities and Exchange Commission ("SEC") to resolve previously disclosed potential violations of the U.S. Foreign Corrupt Practices Act (the "FCPA") relating to certain transactions signed in 2016 and 2017 in Nepal and South Africa. After self-reporting the potential violations to the DOJ and SEC in 2019, and cooperating with both agencies in a multi-year investigation, AAR has entered a Non-Prosecution Agreement ("NPA") with the DOJ, and the SEC has accepted the Company's Offer of Settlement and issued a cease-and-desist order (the "SEC Order"). The resolutions with both the DOJ and SEC make clear that the relevant conduct was principally carried out by a former employee of a Company subsidiary and former third-party agents. The total amount payable by AAR under the NPA and SEC Order is $55,599,653 , inclusive of penalties, forfeiture, and prejudgment interest, which will be reflected as a one-time charge in the Company's consolidated financial statements for fiscal year 2025 second quarter ended November 30, 2024 . The Company expects to fund these payments using a combination of cash on hand and borrowings under its revolving credit facility. "We are pleased to resolve these matters with the DOJ and SEC," said John M. Holmes , AAR's Chairman, President and Chief Executive Officer. "We thank the DOJ and SEC for their collaboration and their recognition of the Company's substantial cooperation. AAR remains committed to transparency and accountability and operating in an ethical and compliant manner as we deliver innovative, value-driven solutions to meet the ever-evolving needs of our customers worldwide." Since self-reporting the potential violations to the DOJ and SEC in 2019, the Company has taken extensive steps to enhance its global compliance program. AAR's remedial actions, along with the significant effort it made to cooperate with the investigations, were acknowledged by the DOJ and the SEC as part of the resolutions. About AAR AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through four operating segments: Parts Supply, Repair & Engineering, Integrated Solutions, and Expeditionary Services. Additional information can be found at aarcorp.com . Forward-looking statements This press release contains certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995, which reflect management's expectations about future conditions, including, but not limited to, funding the payments required pursuant to the resolution of the DOJ and SEC investigations. Forward-looking statements often address our expected future operating and financial performance and financial condition, or sustainability targets, goals, commitments, and other business plans, and often may also be identified because they contain words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "likely," "may," "might," "plan," "potential," "predict," "project," "seek," "should," "target," "will," "would," or similar expressions and the negatives of those terms. These forward-looking statements are based on the beliefs of Company management, as well as assumptions and estimates based on information available to the Company as of the dates such assumptions and estimates are made, and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated, depending on a variety of factors, including: (i) factors that adversely affect the commercial aviation industry; (ii) adverse events and negative publicity in the aviation industry; (iii) a reduction in sales to the U.S. government and its contractors; (iv) cost overruns and losses on fixed-price contracts; (v) nonperformance by subcontractors or suppliers; (vi) a reduction in outsourcing of maintenance activity by airlines; (vii) a shortage of skilled personnel or work stoppages; (viii) competition from other companies; (ix) financial, operational and legal risks arising as a result of operating internationally; (x) inability to integrate acquisitions effectively and execute operational and financial plans related to the acquisitions; (xi) failure to realize the anticipated benefits of acquisitions; (xii) circumstances associated with divestitures; (xiii) inability to recover costs due to fluctuations in market values for aviation products and equipment; (xiv) cyber or other security threats or disruptions; (xv) a need to make significant capital expenditures to keep pace with technological developments in our industry; (xvi) restrictions on use of intellectual property and tooling important to our business; (xvii) inability to fully execute our stock repurchase program and return capital to stockholders; (xviii) limitations on our ability to access the debt and equity capital markets or to draw down funds under loan agreements; (xix) non-compliance with restrictive and financial covenants contained in our debt and loan agreements; (xx) changes in or non-compliance with laws and regulations related to federal contractors, the aviation industry, international operations, safety, and environmental matters, and the costs of complying with such laws and regulations; and (xxi) exposure to product liability and property claims that may be in excess of our liability insurance coverage. Should one or more of those risks or uncertainties materialize adversely, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those described. Those events and uncertainties are difficult or impossible to predict accurately and many are beyond our control. For a discussion of these and other risks and uncertainties, refer to our Annual Report on Form 10-K, Part I, "Item 1A, Risk Factors" and our other filings from time to time with the U.S. Securities and Exchange Commission. These events and uncertainties are difficult or impossible to predict accurately and many are beyond the Company's control. The risks described in these reports are not the only risks we face, as additional risks and uncertainties are not currently known or foreseeable or impossible to predict accurately or risks that are beyond the Company's control or deemed immaterial may materially adversely affect our business, financial condition or results of operations in future periods. We assume no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events, except as required by law. Contact: Media Team +1-630-227-5100 Editor@aarcorp.com View original content to download multimedia: https://www.prnewswire.com/news-releases/aar-resolves-foreign-corrupt-practices-act-investigations-with-the-doj-and-sec-302336664.html SOURCE AAR CORP. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Valladolid loses again and Getafe ends winless run in La Liga

Russia Tells U.S. to Help Rebuild Afghanistan Under Taliban Rule‘I was just trying to be nice’: Aldi customer tries to pay her cart quarter forward. She can’t believe this customer’s responseAs the year draws to a close, reflecting on how it unfolded can feel overwhelming—especially if the memories feel blurry or tinged with pain. For some, trauma makes it hard to take stock. For others, the absence of significant milestones can leave them wondering where the time went. If you’re struggling to summarise the year, let me assure you that this is entirely natural. Not every year demands a neatly packaged conclusion. Life isn’t an itemised ledger, and we owe no one an account of how we’ve spent our days—except, perhaps, our Creator and even that reckoning is meant for the end of life, not the end of a year. If you’re finding it hard to reflect on 2024, you’re not alone. Many of us have faced challenges that make looking back feel more like a burden than a celebration. There can be many reasons why it is hard to summarise the year. It could be the economy. Economic hardship has been a defining struggle for many this year. In Nigeria, the economy hit rock bottom, creating unbearable conditions for citizens. The toll has been both collective and personal, leaving many exhausted and traumatised. It could be personal challenges. For me, the highs of 2024 were often accompanied by lows, creating a confusing emotional landscape. I faced mental and emotional battles I hadn’t anticipated, and the hardest blow was losing my unborn child. Reflecting on the year inevitably stirs up these painful memories, making it difficult to process or find closure. These two factors—the state of the economy and personal hardships—are why many, myself included, find it easier to look forward to a fresh start in 2025 than to make sense of the year gone by. If you find yourself unable to put the year into words, there are some steps I’ve taken to navigate the difficulty. Acknowledge your feelings It’s okay if you can’t summarise the year. Some experiences are too complex to categorise, and there’s no rule saying you must tie everything together neatly. Accept the feelings—whether they’re sadness, confusion, or frustration—and don’t force yourself to unpack them all at once. Focus on the present Instead of dwelling on the past, try to make the most of the remaining days of the year. For instance, I approached Christmas differently this year. I recognised the emotions that could have dampened my mood and instead chose to enjoy simple pleasures: sharing food and movies with loved ones. It wasn’t extravagant, but it was meaningful. Create intentional moments The last days of the year don’t need to be perfect. They simply need to come and go, and you can make them worthwhile by being mindful. Engage in small activities that bring you joy, whether it’s journaling, taking a walk, or connecting with someone you care about. This year has been a confusing one for many people, myself included. I’ve read countless posts online where others share their heartbreaks, losses, and setbacks. 2024 has been universally difficult, reminding me not to take my struggles too personally. The year was full of contradictions for me. Things that should have made me happy left me sad. Opportunities that seemed like breakthroughs became sources of stagnation. This duality—where joy and pain coexist—has made it challenging to look back without feeling overwhelmed. But I’ve realised that I don’t need to have all the answers right now. Instead, I’m choosing to end the year with intention, however small. Moving Forward It’s okay if 2024 feels like a blur or a mess. Not every year will have a clear story or a satisfying conclusion. What matters is how we choose to move forward. As the final days of the year unfold, allow yourself grace. Be present, engage in activities that bring peace, and know that you’ve done your best to navigate this chapter. There’s no need to force closure; sometimes, it’s enough to simply let the year come to an end and trust that the new one will bring fresh opportunities to grow, heal and thrive. *** Feature Image by Polina Tankilevitch for Pexels

Mikel Arteta hailed the best away European performance of his Arsenal reign after watching his side dismantle Sporting Lisbon 5-1. The Gunners delivered the statement Champions League victory their manager had demanded to bounce back from a narrow defeat at Inter Milan last time out. Goals from Gabriel Martinelli, Kai Havertz, Gabriel Magalhaes, Bukayo Saka and Leandro Trossard got their continental campaign back on track, lifting them to seventh place with 10 points in the new-look 36-team table. It was Arsenal’s biggest away win in the Champions League since beating Inter by the same scoreline in 2003. “For sure, especially against opposition we played at their home who have not lost a game in 18 months – they have been in top form here – so to play with the level, the determination, the purpose and the fluidity we showed today, I am very pleased,” said Arteta. “The team played with so much courage, because they are so good. When I’m watching them live they are so good! They were all exceptional today. It was a big performance, a big win and we are really happy. “The performance was there a few times when we have played big teams. That’s the level that we have to be able to cope and you have to make it happen, and that creates belief.” A memorable victory also ended Sporting’s unbeaten start to the season, a streak of 17 wins and one draw, the vast majority of which prompted Manchester United to prise away head coach Ruben Amorim. The Gunners took the lead after only seven minutes when Martinelli tucked in Jurrien Timber’s cross, and Saka teed up Havertz for a tap-in to double the advantage. Arsenal added a third on the stroke of half-time, Gabriel charging in to head Declan Rice’s corner into the back of the net. To rub salt in the wound, the Brazilian defender mimicked Viktor Gyokeres’ hands-over-his-face goal celebration. That may have wound Sporting up as they came out after the interval meaning business, and they pulled one back after David Raya tipped Hidemasa Morita’s shot behind, with Goncalo Inacio netting at the near post from the corner. But when Martin Odegaard’s darting run into the area was halted by Ousmane Diomande’s foul, Saka tucked away the penalty. Substitute Trossard added the fifth with eight minutes remaining, heading in the rebound after Mikel Merino’s shot was saved. A miserable night for prolific Sporting striker Gyokeres was summed up when his late shot crashed back off the post.

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Bitcoin on steroids: Shares in MicroStrategy are up fivefold in a year but its boss once lost $6bn in a day - so should you invest? By PATRICK TOOHER Updated: 22:07 GMT, 19 December 2024 e-mail View comments For an asset that has spent most of its short, chequered life lurking in the shadows of the financial system it was perhaps fitting that bitcoin broke through the $100,000 barrier for the first time in the dead of night. The flagship cryptocurrency which has been favoured by drug dealers and money launderers surged past the milestone just after 2.45am on December 5, and this week hit a new high of $108,379. Its huge advance has made some investors willing to turn a blind eye to the risks, and millions have been piling in. But it is not just crypto itself that has been soaring. Shares in MicroStrategy, a US company that is essentially a turbocharged bet on bitcoin, have risen by more than 550 per cent in the past year. That makes them one of the best performers on the US stock market – and British private investors have stampeded in, despite the considerable risks. MicroStrategy was the most-bought share in November, according to Interactive Investor, the UK’s second-biggest investment platform. Controversial: MicroStrategy was founded by Michael Saylor (pictured) a tech entrepreneur whose 10% stake in MicroStrategy is worth $9bn on paper The company was founded by Michael Saylor, 59, a controversial tech entrepreneur whose 10 per cent stake in MicroStrategy is worth $9billion (£7.2billion) on paper. So, is buying these shares a route to get rich quick – or the road to ruin? Traded around the clock every day, bitcoin has soared by 50pc since Donald Trump’s US presidential election win. His return to the White House has fuelled hopes among bitcoin believers that he will usher in an era of light-touch regulation, which would be great for crypto. Trump, who once slammed bitcoin as a ‘scam’, has nominated crypto cheerleader Paul Atkins to lead the Securities and Exchange Commission (SEC), which oversees US stock markets and protects investors. Think foxes and hen coops. Bitcoin and other cryptocurrencies may be about to enter the financial mainstream. RELATED ARTICLES Previous 1 Next Barbarians are at the gate: LSE bosses must do more to stop... UK faces swarm of takeover bids in the new year: One in... Share this article Share HOW THIS IS MONEY CAN HELP How to choose the best (and cheapest) stocks and shares Isa and the right DIY investing account Even so, bitcoin – created in 2008 – has no intrinsic value and for years was shunned by conventional investors who baulked at the wild swings in price. It is notorious for volatility, and other risks associated with crypto, including fraud and scams. Trump has changed all that. He has declared himself a ‘crypto president’ and promised to consider creating a ‘strategic reserve’ of bitcoins for the US government, which could boost prices even further. This has not gone unnoticed here. Some 7m people – 12 per cent of the UK’s adult population – now own some crypto assets, according to recent figures from the City watchdog the Financial Conduct Authority. Saylor once lost $6billion (£4.8billion) on paper in a day at the height of dotcom mania in 2000 after MicroStrategy restated two years of revenue. The billionaire tech tycoon and two colleagues were fined and agreed a $8.3million (£6.6million) settlement with the SEC without admitting any wrongdoing. Earlier this year, he and MicroStrategy agreed to pay $40million (£32million) to settle a tax fraud lawsuit. A graduate of the Massachusetts Institute of Technology, since 2020 Saylor has transformed what was a struggling data analytics firm with a share price going nowhere fast into what one banking expert calls a ‘bitcoin-buying juggernaut’. MicroStrategy is the largest corporate holder in the world of bitcoins. It owns nearly 2pc of the digital currency in circulation, but it wants more. Much more. The company is now valued at more than $90billion (£71.9billion). Remarkably, that is more than twice the value of all the bitcoins it owns. How so? The short answer is leverage, or the art of ramping up returns by buying assets with borrowed money. The catch is that risks are also amplified, but bitcoin groupies don’t want to hear about that. Saylor plans to raise $42billion (£33.5billion) in the next three years to buy even more bitcoin. He plans to do this by borrowing money and issuing more shares. Rough day: Saylor once lost $6bn on paper in a day at the height of dotcom mania in 2000 after MicroStrategy restated two years of revenue It works like this: MicroStrategy issues new shares at current high values to investors. At the same time, it issues bond – basically IOUs – to hedge funds and other market operators. One twist is that it pays zero interest on these bonds, which after a period can be exchanged for MicroStrategy shares, so it is costing the company nothing to borrow the cash. The hedgies and others buying the bonds and lending money to Saylor for free are, in essence, making a bet that MicroStrategy shares will go up enough to compensate them for missing out on interest payments. As for the company, it uses the money it has raised by selling its shares and bonds to buy more bitcoin. This sends the price up, which lifts MicroStrategy’s share price even further. That then means it can sell more of its shares and bonds off this higher price to buy even more bitcoins. And so the rinse-and-repeat cycle continues. The catch, of course, is that a fall in bitcoin’s value could bring the whole merry-go-round to a crashing halt. Buying bitcoin usually involves using offshore exchanges such as Coinbase and Binance which are not authorised in the UK, so savers have no protection. Individuals can buy shares in MicroStrategy easily through an investment platform, but the risks are if anything even higher because the company’s strategy of buying bitcoin with borrowed money juices its gains but also deepens any losses. A bet on its shares could go badly wrong if the extraordinary rally in bitcoin and other digital currencies goes into reverse – so don’t invest any cash you cannot afford to lose. This is what happened in 2022 when Sam Bankman-Fried’s crypto exchange FTX collapsed, dragging the price of bitcoin below $16,000 and plunging MicroStrategy into hefty losses. Experts have warned that the latest hike in MicroStrategy’s share price is just another speculative bubble that is bound to burst. ‘It’s symptomatic of a market that has become obsessed with believing in get-rich-quick schemes,’ said David Trainer, chief executive of research firm New Constructs. ‘If you like bitcoin, go buy bitcoin. But don’t invest in a company that’s losing money and also buying bitcoin, because then you’ve sort of doubled your risk,’ he told the Wall Street Journal. Saylor argues that because there is a ceiling on the number of bitcoin that can ever be produced, demand will exceed supply and the price will inevitably rise, albeit with fluctuations. Like gold, the perceived value of the crypto currency comes from its limited availability. Bitcoin’s computer algorithm sets a fixed limit of 21m coins, most of which have already been ‘mined’ or digitally created. ‘It is the only commodity invented in the history of the human race that is absolutely capped so that means you can expect it to keep going up,’ Saylor told CNBC news recently. The value of all bitcoins in circulation is $2trillion (£1.6trillion) – more than the combined worth of all but the biggest companies in the FTSE 100 index. Investment heavyweights BlackRock and Fidelity now offer bitcoin exchange-traded funds in the US, though not yet in the UK. All of which means that if it collapses again, then the global financial system may not be immune either. It would also drag MicroStrategy down with it. ‘It could be a giant house of cards that will crush many shareholders when it crashes,’ says Trainer. ‘It has become a game of musical chairs – you play until the music stops and you just hope you can get out before the crash.’ DIY INVESTING PLATFORMS AJ Bell AJ Bell Easy investing and ready-made portfolios Learn More Learn More Hargreaves Lansdown Hargreaves Lansdown Free fund dealing and investment ideas Learn More Learn More interactive investor interactive investor Flat-fee investing from £4.99 per month Learn More Learn More Saxo Saxo Get £200 back in trading fees Learn More Learn More Trading 212 Trading 212 Free dealing and no account fee Learn More Learn More Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence. Compare the best investing account for you Share or comment on this article: Bitcoin on steroids: Shares in MicroStrategy are up fivefold in a year but its boss once lost $6bn in a day - so should you invest? e-mail Add comment Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.Verisign's EVP Danny McPherson sells $402,572 in stockDAVID MARCUS: MAGA’s H-1B ‘civil war’ is exactly how politics is supposed to workStock market today: Wall Street ends little changed after giving up a big morning gain

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NoneIsrael and Lebanon's Hezbollah agree to a ceasefire to end nearly 14 months of fighting