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The big investment firms are rolling out their stock forecasts for 2025, and most are bullish on the US markets heading into the new year. Morgan Stanley and Goldman Sachs have each issued analyst notes calling for 10% growth for US stocks in 2025. Analysts at both firms cite stable revenues, stronger profit margins, and higher share growth tied to the Federal Reserve's pivot to lower interest rates in the second half of 2024, a trend that should continue into the new year. All told, Morgan analysts anticipate that 2025 will see a robust 13% earnings-per-share growth rate. Even so, there are significant hurdles for the market to clear next year. Here’s how to position your portfolio for 2025’s risks and opportunities. Citigroup analysts also shared a mostly positive outlook for stocks in 2025 in a December 6 research note. Standing at 6,075 as of December 11, Citi market seers are calling for the S&P 500 to land at around 6,500 in 2025, with a 6,900 best-case scenario and a 6,100 worst-case outlook. Like Morgan Stanley and Goldman, Citi’s largely bullish S&P 500 call points to good earnings growth, a solid US economy, and expanding demand for US stocks. Even so, Citi also cites headwinds in the form of higher stock valuations, Fed rate policies, a new administration in Washington, D.C., and growing pains for AI, which could crimp market performance. "Ongoing soft landing and Artificial Intelligence tailwinds now interact with Trump policy promises and risks," Citi analysts stated in the December note. Five Growth Factors for the S&P 500 Market mavens seem to broadly agree with investment banks’ bullish 2025 outlook—but not on everything. Here are the big issues facing stock market investors in 2205 and what those issues could mean for their portfolios. Team Trump is in power. A changing of the guard on 1600 Pennsylvania Avenue should bode well for stock market investors, but there are some caveats. "The S&P 500's advance of 28% year to date (through November) is the second strongest 11-month start to a calendar year since 1997 and one of the best of all time," says Scott Glasser, chief investment officer at ClearBridge Investments. "With a trailing 12-month return of 34% – the 95th percentile of one-year rolling returns since 1989 – it's hard to describe this run as anything but spectacular." The incoming Trump administration shouldn't get in the way of more market growth. "With Donald Trump expected to bring a potentially lower tax and lighter regulatory touch to his presidential second term, the market expects a rise in productivity and unleashing of capital investment over the next several years," Glasser says. That touch should aid some stock sectors more than others. "In our view, the initial impacts of Trump's victory will likely mirror 2016, where value, small capitalization, and cyclical stocks were prioritized," Glasser says. [Stop guessing and start investing smarter. Each week, our experts deliver 5 precisely chosen stocks with high growth potential to strengthen and diversify your portfolio. Click Here to Get Them ] A "wave" of new stock issues. In 2025, a wave of M&A and IPOs will be sound for markets generally and also create liquidity for shareholders, says Rebecca Kacaba, CEO at Toronto, Canada-based Dealmaker. " Additionally, I anticipate that more companies will capture the power of what retail capital can mean for their business," Kacaba says. "In 2024, we saw examples of this with Reddit's Direct Share Program (DSP) to the company's power users." Kacaba also likes long-term market plays that investors routinely favor in bull markets. "I'm bullish on growth stocks with a high percentage of retail shareholders because many of those investors are driven by community, affinity, passion, and purpose to the brands they invest in," she says. "We consistently see the community nature of retail capital to be extremely powerful." Rising threats. Other market gurus see potential threats ahead, with some leading economic lights potentially hindering a booming S&P 500. "Heading into 2025, I see a lot of bullish sentiment in the markets, but some undercurrents of trouble in the economy," says Jason DeLorenzo, founder of Volland, an options market data services firm. "The FOMC is trying to pivot to a dovish cutting cycle to try to head off an increase in unemployment before it impacts economic growth (also known as a soft landing)." For that reason, DeLorenzo thinks the markets can start on a bullish note in 2025. However, as Trump’s policies of tariffs, a shrinking government, and deportation contract the economy and raise labor prices, 2025 can end on a sour note. "Additionally, private, corporate, and public debt can cause liquidity issues in bank reserves," he adds. AI is in the limelight. Artificial intelligence stocks may transition down the sector food chain in 2025, with smaller industry up-and-comers shining. " While AI stocks are a bit overvalued at this time, AI is a technology that can revolutionize humanity," DeLorenzo says. "Large-cap AI companies like NVDA are a bit overvalued and need to pull back some as competition eventually enters the market." DeLorenzo believes AI startups and innovative AI companies "can increase swiftly "in value as large caps look to stay on the cutting edge "of the AI revolution. Stock valuations are increasing, which isn't helping stocks, but that's usually a bearish signal. "Inflation has caused a massive rise in stocks, and something that is not going away in the beginning of 2025," he adds. Wither the Fed? Everyone on Wall Street – and across the fruited plains, for that matter – wants to know what the Federal Reserve will do with interest rates next year. Almost certainly, any pivots or pullback on rates should roil the markets. "The biggest issue influencing the stock market in 2025 is likely to be the same issue that is dominating the markets today, and that is Federal Reserve monetary policy and interest rates," says Robert R. Johnson, PhD, CFA, CAIA, professor of finance, Heider College of Business, Creighton University. "Conventional wisdom is the Fed is going to continue to lower rates in 2025, and that is a tailwind for stocks." Johnson points to The CME Group, which compiles interest rate views via its Fed Watch Tool based on Fed Funds futures contract prices, as a beacon of information right now. "According to the CME's FedWatch Tool, the probability of the fed funds rate being at least 75 basis points lower at year-end 2025 than today is 76.6% in early December," Johnson says. "The probability that the fed funds rate will be at least 100 basis points lower at year-end 2025 than today." Most stock analysts say the Fed will cut rates substantially during 2025, but nobody knows for sure, maybe even FMOC members. "Having said that, this Fed has exercised great caution over the last few years — both in raising and in cutting rates, and I believe that philosophy will continue," Johnson notes. "If the proposed Trump tax cuts and increased tariffs serve to exacerbate inflation, this Fed would likely change course and exercise more caution." Here are some stock sectors that market experts like in 2025 Technology and robust retail plays draw high marks from market experts. "At the beginning of 2025, tech stocks can continue to grow after a pullback," DeLorenzo says. "But towards the end of 2025, I like defensive stocks and energy transportation stocks. Large-cap health care will be a good sector to be in, as well as commodities since many imported commodities will rise in price when tariffs are implemented." Companies with a high percentage of retail shareholders, such as Tesla, should excel, too. "That's because these companies have fervent communities, and that's a big driver of the stock," Kacaba says. To curb risk if events get volatile in 2025, Kacaba advises an alternative approach. " While diversification is usually what everyone advises, I suggest considering private offerings as part of that strategy," she says. "These investments often come with lower market valuations and longer time horizons, which can help balance the volatility of growth stocks and create a more resilient portfolio." Get 5 New Stock Recommendations Every Week Image via Shutterstock © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Cubicfarm Systems Corp. Announces Filing Of Third Quarter Financial Statements And Provides Update On Cease Trade OrderNoah Farrakhan leads HU to victory over Duquesne in Bahamasspin ph online game

A new report made in consultation with people who use drugs calls for federal decriminalization, expanded access to overdose prevention sites and several other measures designed to mitigate and eventually end the toxic drug crisis. Seven calls for action are laid out by the Canadian Drug Policy Coalition, which over three years held 13 public consultations. The coalition said nearly 800 people were included in the meetings. Beeta Senedjani, the coalition's community policy and network co-ordinator, hopes the report will provide Canadians — and, crucially, policy makers — insight into the damage the crisis and a lack of available services are inflicting on communities. “I believe that in terms of the general public, there's a misunderstanding that what is happening is an increase in substance use, whereas really it’s the supply that's creating such devastating consequences. That's a nuance that I think is not fully understood.” The toxic drug supply, poisoned by an influx of fentanyl, has killed over 15,000 British Columbians since the provincial government declared a crisis in 2016, as well as over 47,000 Canadians. Data released by Statistics Canada on Dec. 4 shows in 2023, followed by Alberta and Saskatchewan. But the coalition's report also comes as federal and provincial governments backtrack from programs meant to confront the crisis. The B.C. NDP ended its decriminalization pilot program due to public outcry, and last month closed the addictions ministry while making the crisis the responsibility of . Premier David Eby has also by former chief coroner Lisa Lapointe to add non-prescription drugs to its safe supply program. A has led to the closure of social sites such as Nelson's Coordinated Access Hub earlier this year. Conservative Leader Pierre Poilievre has also promised to end funding for safe supply programs in favour of expanded treatment facilities if he is elected prime minister in next year's federal election. Senedjani criticized the politicization of the drug crisis. The coalition's report, she said, offers evidence instead of rhetoric. “Whenever the most marginalized people in our community are being targeted by politicians, we need to ask ourselves why, and really look at that with a critical view, because usually it's not in our best interest as a collective.” The report features 87 recommendations under seven calls to action. They include: 1. The collection of disaggregated statistics for drug fatalities and hospitalizations to better show how the crisis is impacting diverse communities such as Indigenous, African, Caribbean and Black peoples. Senedjani said current reporting typically focuses on age and gender, and doesn't include more specific demographics for communities that can be used to show how they are being impacted by the crisis in ways that differ from the rest of Canada. 2. Expansion of access to harm reduction services, which are designed for public use and don't feature specialized supports for racialized, Indigenous or LGBTQ2 peoples. Vancouver's SisterSpace, an overdose prevention site exclusive to women, is a model for how other services might cater to certain demographics. “We don't want to then further marginalize people who have multiple marginalized identities in being able to access services that are already so hard to access.” 3. Decriminalization of all criminal penalties for substance use. Senedjani said feedback heard during the consultations included people who were unable to receive healthcare because they had been labelled as seeking drugs by medical professionals, which also dismissed the validity of their health concerns. 4. The displacement of the toxic drugs with increased access to safe supply that includes drugs of known content and dosage. B.C.'s safe supply program distributes pharmaceutical opioids, which have been criticized as ineffective substitutes for alternatives such as lab-tested heroin. “We need to think about alternatives, and we need to think about ways to make this make sense and have this meet the needs of the devastating issue that we're facing today.” 5. Meaningful consultation, and compensation, with people who use drugs when developing policy. As an example, Senedjani referred to Reclaim Collection, an advocacy group made up of people with lived experience. 6. Expanded affordable housing availability as well as a more diverse range of options for people in need of services. Senedjani said the drug and housing crises in Canada are intertwined. “I think that people as individuals are being blamed for a housing crisis and a toxic drug crisis, when really these are structural, systemic issues that are happening clean across the country, and they require work at the same time on both of those prongs in order to improve social wellness and improve our communities well across the country.” 7. Expanded harm reduction services in housing and shelter settings. The consultations heard from shelter workers who were traumatized by finding people poisoned to death by drugs at their facilities. Senedjani said Toronto's Integrated Prevention and Harm Reduction Initiative, which was designed to address drug deaths in city shelters by including supervised consumption and mental health case management, is a model that other municipalities should consider. “It's important for shelter providers to look at developing proper harm reduction policies, because whether they like it or not it's going to happen, and so they might as well make it safe for everyone involved, including the person accessing the service and the people who are supporting them and trying to do their jobs in a in a proper way.”

Biden opens final White House holiday season with turkey pardons and first lady gets Christmas tree WASHINGTON (AP) — President Joe Biden has kicked off his final holiday season at the White House, issuing the traditional reprieve to two turkeys who will bypass the Thanksgiving table to live out their days in Minnesota. The president welcomed 2,500 guests under sunny skies as he cracked jokes about the fates of “Peach” and “Blossom.” He also sounded wistful tones about the last weeks of his presidency. Separately, first lady Jill Biden received the delivery of the official White House Christmas tree. And the Bidens are traveling to New York later Monday for an early holiday celebration with members of the Coast Guard. Couple charged in ring suspected of stealing $1 million in Lululemon clothes MINNEAPOLIS (AP) — A Connecticut couple has been charged in Minnesota with being part of a shoplifting ring suspected of stealing around $1 million in goods across the country from upscale athletic wear retailer Lululemon.Jadion Anthony Richards and Akwele Nickeisha Lawes-Richards, both of Danbury, Connecticut, were charged this month with one felony count of organized retail theft. Both went free last week after posting bail bonds of $100,000 for him and $30,000 for her. They're also suspected in thefts from Lululemon stores in Colorado, Utah, New York and Connecticut. They're due back in court next month. Formula 1 expands grid to add General Motors' Cadillac brand and new American team for 2026 season LAS VEGAS (AP) — Formula 1 will expand the grid in 2026 to make room for an American team that is partnered with General Motors. The approval ends years of wrangling that launched a federal investigation into why Colorado-based Liberty Media, would not approve the team initially started by Michael Andretti, who has since stepped aside. The 11th team will be called Cadillac F1 and be run by new Andretti Global majority owners Dan Towriss and Mark Walter. The team will use Ferrari engines its first two years until GM has a Cadillac engine built for competition in time for the 2028 season. US goalkeeper Alyssa Naeher is retiring from international soccer U.S. women’s national team goalkeeper Alyssa Naeher is retiring from international soccer. Naeher is on the team’s roster for a pair of upcoming matches in Europe but those will be her last after a full 11 years playing for the United States. Naeher was on the U.S. team that won the Women’s World Cup in 2019 and the gold medal at this year's Olympics in France. She’s the only U.S. goalkeeper to earn a shutout in both a World Cup and an Olympic final. Bah, humbug! Vandal smashes Ebenezer Scrooge's tombstone used in 'A Christmas Carol' movie LONDON (AP) — If life imitates art, a vandal in the English countryside may be haunted by The Ghost of Christmas Yet to Come. Police in the town of Shrewsbury are investigating how a tombstone at the fictional grave of Ebenezer Scrooge was destroyed. The movie prop used in the 1984 adaption of Charles Dickens' “A Christmas Carol” had become a tourist attraction. The film starred George C. Scott as the cold-hearted curmudgeon who is visited by three ghosts on Christmas Eve who show him what will become of his life if he doesn’t become a better person. West Mercia Police say the stone was vandalized in the past week. Megachurch founder T.D. Jakes suffers health incident during sermon at Dallas church DALLAS (AP) — The founder of Dallas-based megachurch The Potter's House, Bishop T.D. Jakes, was hospitalized after suffering what the church called a “slight health incident.” Jakes was speaking to churchgoers after he sat down and began trembling as several people gathered around him Sunday at the church. Jakes' daughter Sarah Jakes Roberts and her husband Touré Roberts said in a statement on social media late Sunday that Jakes was improving. The 67-year-old Jakes founded the non-denominational The Potter's House in 1996 and his website says it now has more than 30,000 members with campuses in Fort Worth and Frisco, Texas; and in Denver. At the crossroads of news and opinion, 'Morning Joe' hosts grapple with aftermath of Trump meeting The reaction of those who defended “Morning Joe” hosts Joe Scarborough and Mika Brzezinski for meeting with President-elect Trump sounds almost quaint in the days of opinionated journalism. Doesn't it makes sense, they said, for hosts of a political news show to meet with such an important figure? But given how “Morning Joe” has attacked Trump, its viewers felt insulted. Many reacted quickly by staying away. It all reflects the broader trend of opinion crowding out traditional journalist in today's marketplace, and the expectations that creates among consumers. By mid-week, the show's audience was less than two-thirds what it has typically been this year. Pilot dies in plane crash in remote woods of New York, puppy found alive WINDHAM, N.Y. (AP) — Authorities say a pilot and at least one dog he was transporting died when a small plane crashed in the snowy woods of the Catskill Mountains, though a puppy on the flight was found alive with two broken legs. The Greene County sheriff’s office says Seuk Kim of Springfield, Virginia, was flying from Maryland to Albany, New York, when the plane crashed at about 6:10 p.m. Sunday in a remote area. Officials believe the pilot died from the impact. The surviving dog was hospitalized, while a third dog was not located. The flight was connected with a not-for-profit group that transports rescue animals. Warren Buffett gives away another $1.1B and plans for distributing his $147B fortune after his death OMAHA, Neb. (AP) — Investor Warren Buffett renewed his Thanksgiving tradition of giving by handing out more than $1.1 billion of Berkshire Hathaway stock to four of his family's foundations Monday, and he offered new details about who will be handing out the rest of his fortune after his death. Buffett has said previously that his three kids will distribute his remaining $147.4 billion fortune in the 10 years after his death, but now he has also designated successors for them because it’s possible that Buffett’s children could die before giving it all away. Buffett said he has no regrets about his decision to start giving away his fortune in 2006. Pop star Ed Sheeran apologizes to Man United boss Ruben Amorim for crashing interview MANCHESTER, England (AP) — British pop star Ed Sheeran has apologized to Ruben Amorim after inadvertently interrupting the new Manchester United head coach during a live television interview. Amorim was talking on Sky Sports after United’s 1-1 draw with Ipswich on Sunday when Sheeran walked up to embrace analyst Jamie Redknapp. The interview was paused before Redknapp told the pop star to “come and say hello in a minute.” Sheeran is a lifelong Ipswich fan and holds a minority stake in the club. He was pictured celebrating after Omari Hutchinson’s equalizing goal in the game at Portman Road.PENN STATE 85, FORDHAM 66

Delivers Outperformance Across All First Quarter Guided Metrics Reports 18% YoY ARR Growth and Strong Free Cash Flow SAN JOSE, Calif., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Nutanix, Inc. (NASDAQ: NTNX ), a leader in hybrid multicloud computing, today announced financial results for its first quarter ended October 31, 2024. “During our first quarter we delivered outperformance across our guided metrics,” said Rajiv Ramaswami, President and CEO of Nutanix. “We also continued to bring innovations to the market supporting our vision of becoming the leading platform for running apps and managing data, anywhere, while strengthening our partner ecosystem.” “Our first quarter results demonstrated a good balance of top and bottom line performance with 18% year-over-year ARR growth and strong free cash flow generation,” said Rukmini Sivaraman, CFO of Nutanix. “We remain focused on delivering sustainable, profitable growth.” First Quarter Fiscal 2025 Financial Summary Reconciliations between GAAP and non-GAAP financial measures and key performance measures, to the extent available, are provided in the tables of this press release. Recent Company Highlights Second Quarter Fiscal 2025 Outlook Fiscal 2025 Outlook Supplementary materials to this press release, including our first quarter fiscal 2025 earnings presentation, can be found at https://ir.nutanix.com/financial/quarterly-results . Webcast and Conference Call Information Nutanix executives will discuss the Company’s first quarter fiscal 2025 financial results on a conference call today at 4:30 p.m. Eastern Time/1:30 p.m. Pacific Time. Interested parties may access the conference call by registering at this link to receive dial in details and a unique PIN number. The conference call will also be webcast live on the Nutanix Investor Relations website at ir.nutanix.com . An archived replay of the webcast will be available on the Nutanix Investor Relations website at ir.nutanix.com shortly after the call. Footnotes 1Annual Recurring Revenue, or ARR, for any given period, is defined as the sum of ACV for all subscription contracts in effect as of the end of a specific period. For the purposes of this calculation, we assume that the contract term begins on the date a contract is booked, unless the terms of such contract prevent us from fulfilling our obligations until a later period, and irrespective of the periods in which we would recognize revenue for such contract. Excludes all life-of-device contracts. ACV is defined as the total annualized value of a contract. The total annualized value for a contract is calculated by dividing the total value of the contract by the number of years in the term of such contract. Excludes amounts related to professional services and hardware. 2Average Contract Duration represents the dollar-weighted term, calculated on a billings basis, across all subscription contracts, as well as our limited number of life-of-device contracts, using an assumed term of five years for life-of-device licenses, executed in the period. 3Weighted average share count used in computing diluted non-GAAP net income per share. Non-GAAP Financial Measures and Other Key Performance Measures To supplement our consolidated financial statements, which are prepared and presented in accordance with GAAP, this press release includes the following non-GAAP financial and other key performance measures: non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income, non-GAAP operating margin, free cash flow, Annual Recurring Revenue (or ARR), and Average Contract Duration. In computing non-GAAP financial measures, we exclude certain items such as stock-based compensation and the related income tax impact, costs associated with our acquisitions (such as amortization of acquired intangible assets, income tax-related impact, and other acquisition-related costs), restructuring charges, litigation settlement accruals and legal fees related to certain litigation matters, the amortization and conversion of the debt discount and issuance costs related to convertible senior notes, interest expense related to convertible senior notes, and other non-recurring transactions and the related tax impact. Non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income, and non-GAAP operating margin are financial measures which we believe provide useful information to investors because they provide meaningful supplemental information regarding our performance and liquidity by excluding certain expenses and expenditures such as stock-based compensation expense that may not be indicative of our ongoing core business operating results. Free cash flow is a performance measure that we believe provides useful information to our management and investors about the amount of cash generated by the business after capital expenditures, and we define free cash flow as net cash provided by (used in) operating activities less purchases of property and equipment. ARR is a performance measure that we believe provides useful information to our management and investors as it allows us to better track the topline growth of our subscription business because it takes into account variability in term lengths. We use these non-GAAP financial and key performance measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. However, these non-GAAP financial and key performance measures have limitations as analytical tools and you should not consider them in isolation or as substitutes for analysis of our results as reported under GAAP. Non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating income, non-GAAP operating margin, and free cash flow are not substitutes for gross margin, operating expenses, operating income (loss), operating margin, or net cash provided by (used in) operating activities, respectively. There is no GAAP measure that is comparable to ARR or Average Contract Duration, so we have not reconciled the ARR or Average Contract Duration data included in this press release to any GAAP measure. In addition, other companies, including companies in our industry, may calculate non-GAAP financial measures and key performance measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial measures and key performance measures as tools for comparison. We urge you to review the reconciliation of our non-GAAP financial measures and key performance measures to the most directly comparable GAAP financial measures included below in the tables captioned “Reconciliation of GAAP to Non-GAAP Profit Measures” and “Reconciliation of GAAP Net Cash Provided By Operating Activities to Non-GAAP Free Cash Flow,” and not to rely on any single financial measure to evaluate our business. This press release also includes the following forward-looking non-GAAP financial measures as part of our second quarter fiscal 2025 outlook and/or our fiscal 2025 outlook: non-GAAP operating margin and free cash flow. We are unable to reconcile these forward-looking non-GAAP financial measures to their most directly comparable GAAP financial measures without unreasonable efforts, as we are currently unable to predict with a reasonable degree of certainty the type and extent of certain items that would be expected to impact the GAAP financial measures for these periods but would not impact the non-GAAP financial measures. Forward-Looking Statements This press release contains express and implied forward-looking statements, including, but not limited to, statements regarding: our business momentum and prospects; our innovations supporting our vision of becoming the leading platform for running applications and managing data, anywhere; strengthening our partner ecosystem; our focus on delivering sustainable, profitable growth; our second quarter fiscal 2025 outlook; and our fiscal 2025 outlook. These forward-looking statements are not historical facts and instead are based on our current expectations, estimates, opinions, and beliefs. Consequently, you should not rely on these forward-looking statements. The accuracy of these forward-looking statements depends upon future events and involves risks, uncertainties, and other factors, including factors that may be beyond our control, that may cause these statements to be inaccurate and cause our actual results, performance or achievements to differ materially and adversely from those anticipated or implied by such statements, including, among others: the inherent uncertainty or assumptions and estimates underlying our projections and guidance, which are necessarily speculative in nature; any failure to successfully implement or realize the full benefits of, or unexpected difficulties or delays in successfully implementing or realizing the full benefits of, our business plans, strategies, initiatives, vision, objectives, momentum, prospects and outlook; our ability to achieve, sustain and/or manage future growth effectively; the rapid evolution of the markets in which we compete, including the introduction, or acceleration of adoption of, competing solutions, including public cloud infrastructure; failure to timely and successfully meet our customer needs; delays in or lack of customer or market acceptance of our new solutions, products, services, product features or technology; macroeconomic or geopolitical uncertainty; our ability to attract, recruit, train, retain, and, where applicable, ramp to full productivity, qualified employees and key personnel; factors that could result in the significant fluctuation of our future quarterly operating results (including anticipated changes to our revenue and product mix, the timing and magnitude of orders, shipments and acceptance of our solutions in any given quarter, our ability to attract new and retain existing end-customers, changes in the pricing and availability of certain components of our solutions, and fluctuations in demand and competitive pricing pressures for our solutions); our ability to form new or maintain and strengthen existing strategic alliances and partnerships, as well as our ability to manage any changes thereto; our ability to make share repurchases; and other risks detailed in our Annual Report on Form 10-K for the fiscal year ended July 31, 2024 filed with the U.S. Securities and Exchange Commission, or the SEC, on September 19, 2024. Additional information will be set forth in our Quarterly Report on Form 10-Q for the fiscal quarter ended October 31, 2024, which should be read in conjunction with this press release and the financial results included herein. Our SEC filings are available on the Investor Relations section of our website at ir.nutanix.com and on the SEC's website at www.sec.gov . These forward-looking statements speak only as of the date of this press release and, except as required by law, we assume no obligation, and expressly disclaim any obligation, to update, alter or otherwise revise any of these forward-looking statements to reflect actual results or subsequent events or circumstances. About Nutanix Nutanix is a global leader in cloud software, offering organizations a single platform for running applications and managing data, anywhere. With Nutanix, companies can reduce complexity and simplify operations, freeing them to focus on their business outcomes. Building on its legacy as the pioneer of hyperconverged infrastructure, Nutanix is trusted by companies worldwide to power hybrid multicloud environments consistently, simply, and cost-effectively. Learn more at www.nutanix.com or follow us on social media @nutanix. © 2024 Nutanix, Inc. All rights reserved. Nutanix, the Nutanix logo, and all Nutanix product and service names mentioned herein are registered trademarks or unregistered trademarks of Nutanix, Inc. (“Nutanix”) in the United States and other countries. Other brand names or marks mentioned herein are for identification purposes only and may be the trademarks of their respective holder(s). This press release is for informational purposes only and nothing herein constitutes a warranty or other binding commitment by Nutanix. Investor Contact: Richard Valera ir@nutanix.com Media Contact: Lia Bigano pr@nutanix.com _____________ (1) Includes the following stock-based compensation expense: (2) Includes the following amortization of intangible assets: _____________ (1) Included within other assets—non-current in the condensed consolidated balance sheets. Subscription revenue — Subscription revenue includes any performance obligation which has a defined term, and is generated from the sales of software entitlement and support subscriptions, subscription software licenses and cloud-based software-as-a-service, or SaaS, offerings. Professional services revenue — We also sell professional services with our products. We recognize revenue related to professional services as they are performed. Other non-subscription product revenue — Other non-subscription product revenue includes $8.1 million and $1.9 million of non-portable software revenue for the three months ended October 31, 2023 and 2024, respectively, and $0.6 million and $1.1 million of hardware revenue for the three months ended October 31, 2023 and 2024, respectively. _____________ (1) Stock-based compensation expense (2) Amortization of intangible assets (3) Legal fees (4) Other (5) Amortization of debt issuance costs related to convertible senior notes (6) Income tax effect primarily related to stock-based compensation expense (7) Includes 22,273 potentially dilutive shares related to convertible senior notes and the issuance of shares under employee equity incentive plans _____________ (1) Stock-based compensation expense (2) Amortization of intangible assets (3) Legal fees (4) Amortization of debt discount and issuance costs and interest expense related to convertible senior notes (5) Other (6) Income tax effect primarily related to stock-based compensation expense (7) Includes 51,371 potentially dilutive shares related to convertible senior notes and the issuance of shares under employee equity incentive plansHiring your children to work on Small Business Saturday can teach them positive work values and give you extra help for the holidays.

By ZEKE MILLER, Associated Press WASHINGTON (AP) — President-elect Donald Trump on Tuesday reached a required agreement with President Joe Biden’s White House to allow his transition staff to coordinate with the existing federal workforce before taking office on Jan. 20. The congressionally mandated agreement allows transition aides to work with federal agencies and access non-public information and gives a green light to government workers to talk to the transition team. But Trump has declined to sign a separate agreement with the General Services Administration that would have given his team access to secure government offices and email accounts, in part because it would require that the president-elect limit contributions to $5,000 and reveal who is donating to his transition effort. Related Articles The White House agreement was supposed to have been signed by Oct. 1, according to the Presidential Transition Act, and the Biden White House had issued both public and private appeals for Trump’s team to sign on. The agreement is a critical step in ensuring an orderly transfer of power at noon on Inauguration Day, and lays the groundwork for the White House and government agencies to begin to share details on ongoing programs, operations and threats. It limits the risk that the Trump team could find itself taking control of the massive federal government without briefings and documents from the outgoing administration. As part of the agreement with the White House, Trump’s team will have to publicly disclose its ethics plan for the transition operation and make a commitment to uphold it, the White House said. Transition aides must sign statements that they have no financial positions that could pose a conflict of interest before they receive access to non-public federal information. Biden himself raised the agreement with Trump when they met in the Oval Office on Nov. 13, according to the White House, and Trump indicated that his team was working to get it signed. Trump chief of staff-designate Susie Wiles met with Biden’s chief of staff Jeff Zients at the White House on Nov. 19 and other senior officials in part to discuss remaining holdups, while lawyers for the two sides have spoken more than a half-dozen times in recent days to finalize the agreement. “Like President Biden said to the American people from the Rose Garden and directly to President-elect Trump, he is committed to an orderly transition,” said White House spokesperson Saloni Sharma. “President-elect Trump and his team will be in seat on January 20 at 12 pm – and they will immediately be responsible for a range of domestic and global challenges, foreseen and unforeseen. A smooth transition is critical to the safety and security of the American people who are counting on their leaders to be responsible and prepared.” Without the signed agreement, Biden administration officials were restricted in what they could share with the incoming team. Trump national security adviser-designate Rep. Mike Waltz met recently with Biden national security adviser Jake Sullivan, but the outgoing team was limited in what it could discuss. “We are doing everything that we can to effect a professional and an orderly transition,” White House national security spokesman John Kirby told reporters on Monday. “And we continue to urge the incoming team to take the steps that are necessary to be able to facilitate that on their end as well.” “This engagement allows our intended Cabinet nominees to begin critical preparations, including the deployment of landing teams to every department and agency, and complete the orderly transition of power,” said Wiles in a statement. The Trump transition team says it would disclose its donors to the public and would not take foreign donations. A separate agreement with the Department of Justice to coordinate background checks for vetting and security clearances is still being actively worked on and could be signed quickly now that the White House agreement is signed. The agency has teams of investigators standing by to process clearances for Trump aides and advisers once that document is signed. That would clear the way for transition aides and future administration appointees and nominees to begin accessing classified information before Trump takes office. Some Trump aides may hold active clearances from his first term in office or other government roles, but others will need new clearances to access classified data. Trump’s team on Friday formally told the GSA that they would not utilize the government office space blocks from the White House reserved for their use, or government email accounts, phones and computers during the transition. The White House said it does not agree with Trump’s decision to forgo support from the GSA, but is working on alternate ways to get Trump appointees the information they need without jeopardizing national security. Federal agencies are receiving guidance on Tuesday on how to share sensitive information with the Trump team without jeopardizing national security or non-public information. For instance, agencies may require in-person meetings and document reviews since the Trump team has declined to shift to using secure phones and computers. For unclassified information, agencies may ask Trump transition staff to attest that they are taking basic safeguards, like using two-factor authentication on their accounts.Biden is considering preemptive pardons for officials and allies before Trump takes officeBuchanan scores 28 off the bench, Boise State downs South Dakota State 83-82PALISADES TAHOE SKI RESORT — At midnight, a slender moon hangs above the snowy Sierra Nevada, casting only a faint glow on a sheer cliff and the dark canyon below. But snowcat operator “Bandit” Ferrante has laser-guided vision, measuring snow depth 150 feet ahead and to each side to sculpt the slopes with precision. By dawn, crowds will start arriving to ski and ride the weekend’s fresh powder. “These advancements are changing the way we do things,” said Ferrante, 36, who drives a new $400,000 German-made PistenBully rig with Light Detection and Ranging (LiDAR) technology to prepare the trails. “I see exactly where we’re going, and what’s going on.” After two winters of heavy snow, the snowfall so far this winter has been sporadic. While Mother Nature is always fickle, climate change could create less reliable snow, spelling hardship for the businesses and mountain communities that depend on storms for their economic survival. So resorts seek to make and protect each precious flake. Big corporations running Palisades, Heavenly, Northstar, Kirkwood and Mammoth Mountain have made major investments, worth many millions of dollars, in what’s dubbed “snow management.” With some daily lift tickets exceeding $250, the resorts seek to deliver a dependable high-end experience. Initially just farm tractors on tracks, snowcats have evolved into machines of design, detailed craftsmanship and computer-driven tools. Inside the warmth of his cab, with a chatty podcast for company, Ferrante monitors a computer screen with color-coded snow depths, guiding him on where to push and pull snow for the best coverage. Its SNOWsat LiDAR remote sensing technology uses laser pulses to measure snow depth. With accuracy to within an inch, it can construct perfect snowboard half-pipes or World Cup ski race terrain. The joystick that directs the 12-ton machine is smooth, responsive and comfortable to grasp. The blade shifts in 17 different directions, with wings to shovel the snow. With a sensor that detects incline, the powerful tiller automatically rises and falls when routes get steep. It’s turned a once lonely and tedious task into a skill-driven profession. “You keep learning new things,” said Ferrante, a South Lake Tahoe native with nearly 20 years of resort experience. A tidy tattoo — a snowcat control stick — adorns his neck. At competitive “Groomer Games” every spring, representatives of all California ski resorts gather to test their expertise by pushing a golf ball through a maze. Innovations in snow-making tools — such as the $40,000 Super PoleCat — perform alchemy, mixing massive drafts of water, air and electricity to cover miles of runs. Some have built-in automated weather stations. Snowcats maximize the efficiency of snowmaking. Some are simple utility vehicles, hauling things around the mountain. Others are “trooper carriers,” moving ski patrollers. “Dig rigs” have backhoes to excavate buried equipment. A few have forks, for installing fences and seats on race days. The smallest cats are adroit at digging out chairlifts and clearing sidewalks. “You use the right tool for the right job,” said Brendan Gibbons, director of snow surface at Palisades Tahoe. The most prized snowcats at Palisades are the new LiDAR-equipped machines. They are leading the fleets that are racing across the resort this weekend to groom freshly fallen powder, sending information by cell signal to the less well-equipped machines. Until recently, snowcats relied on GPS to measure snow depth; the technology knows how high the machine is sitting above the ground. But this tool offers a limited view of what’s directly under the rig and front blade, not what lies ahead. “It was a great start to this technology, but it only allowed us to see how deep the snow is where we’ve been, and where we are,” said Gibbons. “LIDAR shows us what the snow is before we get to it.” LiDAR also measures the volume of piles of manmade snow, helping guide its use. The tool is already in use in research and government agencies to study snow from the air. It helps water districts measure future water reserves. It can identify avalanche danger. Related Articles Technology | France rushes aid to Mayotte after Cyclone Chido leaves hundreds feared dead Technology | Here’s where burrowing owls have disappeared in California Technology | US hikes tariffs on imports of Chinese solar wafers, polysilicon and tungsten products Technology | Monarch butterflies to be listed as a threatened species in US Technology | World’s oldest-known wild bird lays an egg in Hawaii at age 74 It works by sending out up to 200,000 laser pulses per second. Then it measures the time of flight — how long it takes the laser to hit the snow and bounce back to the instrument. It calculates distance by using the known speed of light and the time it takes the laser to travel. In the summer, LiDAR builds a digital model of the bare terrain. In the winter, Bandit and other “night crawlers” creep along the mountain’s cold contours, taking snow measurements. Managers study the freshly updated maps on their phones, then strategize a nighttime plan based on weather, wind, melting and skier traffic. After a long day of wear and tear, LiDAR helps “clean up the holes, remove the moguls and return the slope back to a nice, perfect skiing surface,” said Brian Demarest, SNOWsat manager for Kassbohrer All Terrain Vehicles in Reno, which sells PistenBully (“trail worker,” loosely translated, in German). Snowcats no longer lurch and rock. An eight-hour shift “is like driving to L.A.,” said Gibbons. The snowcat’s taco-shaped blade can turn in 17 different directions. On each side of the blade is a wing that shoves the snow left or right. Its weight compresses the snow as it rolls, squeezing out dangerous air pockets and creating a more firm surface. Each track works independently, so the rig can pivot. Cleats add traction. In the back is a spinning barrel with teeth, which chews up the snow. The barrel’s spin speed is adjustable, influencing how much the flakes heat up and bind to each other. A comb, also adjustable, drags behind to deposit rows of perfect corduroy. Grooming is still dangerous, with peril on slippery and avalanche-prone slopes. One recent winter, when winds hit 192 mph gusts, machines skidded on ice. Ferrante arrives at Palisades in mid-afternoon from his home in Garnerville, Nevada, to get his assignment for the night’s “swing shift.” When he’s done, he’ll hand it off to a colleague on the graveyard shift that grooms until the lifts open. By 5 a.m., he’s in bed. “I don’t get lonely,” said Ferrante, who drinks a thermos of black tea to stay alert. Food can be heated by the exhaust pipe. Throughout the long night hours, operators coordinate with each other, traveling together when there’s avalanche danger. A winch can help secure a machine, allowing it to work on steep slopes. Ferrante sees coyotes, deer, porcupines, and occasional bear. One crew saw migrating ducks fall from the sky, lost in a storm. His crew started the season with “track packing” to compress November’s snow. Now, with the arrival of a new storm, he’ll push snow into rigid “wind rows,” like fences, to catch blowing drifts; later teams will smooth them out. Post-storm priorities are roads, then ramps, then runs. His discipline, largely unrecognized by resort visitors, is building the foundation for a whole season of sport. “There is a ‘skill ceiling’ that’s infinite,” said Ferrante. “You’re never going to be the very best. You’re never going to figure it all out.”

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