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MAI Capital Management reduced its stake in shares of Canadian Pacific Kansas City Limited ( NYSE:CP – Free Report ) (TSE:CP) by 16.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,499 shares of the transportation company’s stock after selling 1,250 shares during the period. MAI Capital Management’s holdings in Canadian Pacific Kansas City were worth $556,000 at the end of the most recent reporting period. Other large investors also recently modified their holdings of the company. Mirova US LLC purchased a new stake in Canadian Pacific Kansas City during the 2nd quarter worth about $168,063,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Canadian Pacific Kansas City by 398.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,100,382 shares of the transportation company’s stock valued at $165,419,000 after acquiring an additional 1,678,784 shares during the period. Wulff Hansen & CO. grew its stake in Canadian Pacific Kansas City by 8,261.4% during the second quarter. Wulff Hansen & CO. now owns 943,500 shares of the transportation company’s stock valued at $74,282,000 after acquiring an additional 932,216 shares in the last quarter. AGF Management Ltd. increased its holdings in Canadian Pacific Kansas City by 86.5% during the 2nd quarter. AGF Management Ltd. now owns 1,586,609 shares of the transportation company’s stock worth $125,094,000 after acquiring an additional 735,816 shares during the period. Finally, 1832 Asset Management L.P. lifted its stake in Canadian Pacific Kansas City by 5.5% in the 2nd quarter. 1832 Asset Management L.P. now owns 13,821,347 shares of the transportation company’s stock worth $1,088,155,000 after purchasing an additional 723,188 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock. Canadian Pacific Kansas City Price Performance Shares of Canadian Pacific Kansas City stock opened at $76.70 on Friday. The company’s fifty day simple moving average is $80.34 and its two-hundred day simple moving average is $80.46. Canadian Pacific Kansas City Limited has a 12-month low of $69.27 and a 12-month high of $91.58. The firm has a market cap of $71.59 billion, a PE ratio of 27.39, a price-to-earnings-growth ratio of 2.19 and a beta of 0.98. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Increases Dividend The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be paid a $0.14 dividend. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date is Friday, December 27th. This represents a $0.56 dividend on an annualized basis and a yield of 0.73%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 19.64%. Wall Street Analyst Weigh In CP has been the topic of several research analyst reports. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 24th. Susquehanna raised Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and lowered their price target for the company from $94.00 to $92.00 in a report on Thursday, October 24th. Citigroup cut their price objective on Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Barclays raised their target price on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Finally, Stephens dropped their target price on shares of Canadian Pacific Kansas City from $85.00 to $81.00 and set an “equal weight” rating for the company in a research report on Monday, October 28th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and a consensus price target of $93.68. View Our Latest Analysis on Canadian Pacific Kansas City Canadian Pacific Kansas City Profile ( Free Report ) Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers. Featured Stories Want to see what other hedge funds are holding CP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Canadian Pacific Kansas City Limited ( NYSE:CP – Free Report ) (TSE:CP). Receive News & Ratings for Canadian Pacific Kansas City Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Pacific Kansas City and related companies with MarketBeat.com's FREE daily email newsletter .Swiss National Bank Has $13.96 Million Stock Position in Abercrombie & Fitch Co. (NYSE:ANF)Swiss National Bank reduced its stake in shares of Abercrombie & Fitch Co. ( NYSE:ANF – Free Report ) by 0.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 99,800 shares of the apparel retailer’s stock after selling 600 shares during the quarter. Swiss National Bank’s holdings in Abercrombie & Fitch were worth $13,962,000 as of its most recent SEC filing. Other institutional investors and hedge funds have also modified their holdings of the company. Matrix Trust Co bought a new stake in shares of Abercrombie & Fitch during the 2nd quarter worth $35,000. Farther Finance Advisors LLC lifted its position in shares of Abercrombie & Fitch by 81.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 274 shares of the apparel retailer’s stock worth $38,000 after buying an additional 123 shares during the last quarter. Quarry LP lifted its position in shares of Abercrombie & Fitch by 156.0% during the 2nd quarter. Quarry LP now owns 279 shares of the apparel retailer’s stock worth $50,000 after buying an additional 170 shares during the last quarter. CWM LLC lifted its position in shares of Abercrombie & Fitch by 242.6% during the 2nd quarter. CWM LLC now owns 531 shares of the apparel retailer’s stock worth $94,000 after buying an additional 376 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Abercrombie & Fitch by 8,914.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 631 shares of the apparel retailer’s stock worth $112,000 after buying an additional 624 shares during the last quarter. Insider Activity In related news, CFO Scott D. Lipesky sold 9,000 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $146.80, for a total transaction of $1,321,200.00. Following the completion of the sale, the chief financial officer now owns 106,455 shares of the company’s stock, valued at $15,627,594. This trade represents a 7.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website . Also, Director Helen Mccluskey sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $139.38, for a total value of $487,830.00. Following the sale, the director now directly owns 37,470 shares of the company’s stock, valued at $5,222,568.60. This represents a 8.54 % decrease in their position. The disclosure for this sale can be found here . Over the last quarter, insiders sold 31,541 shares of company stock valued at $4,310,256. Company insiders own 2.58% of the company’s stock. Analyst Ratings Changes View Our Latest Report on ANF Abercrombie & Fitch Trading Up 7.4 % Shares of ANF stock opened at $152.00 on Friday. The stock has a market cap of $7.76 billion, a price-to-earnings ratio of 16.10 and a beta of 1.50. The stock has a 50-day moving average of $142.72 and a 200-day moving average of $152.96. Abercrombie & Fitch Co. has a 1-year low of $72.13 and a 1-year high of $196.99. Abercrombie & Fitch ( NYSE:ANF – Get Free Report ) last issued its quarterly earnings results on Wednesday, August 28th. The apparel retailer reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.36. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Abercrombie & Fitch had a return on equity of 47.35% and a net margin of 10.76%. Sell-side analysts forecast that Abercrombie & Fitch Co. will post 10.35 earnings per share for the current year. Abercrombie & Fitch Profile ( Free Report ) Abercrombie & Fitch Co, through its subsidiaries, operates as an omnichannel retailer in the United States, Europe, the Middle East, Asia, the Asia-Pacific, Canada, and internationally. The company offers an assortment of apparel, personal care products, and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, Hollister, and Gilly Hicks brands. Featured Stories Want to see what other hedge funds are holding ANF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Abercrombie & Fitch Co. ( NYSE:ANF – Free Report ). Receive News & Ratings for Abercrombie & Fitch Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Abercrombie & Fitch and related companies with MarketBeat.com's FREE daily email newsletter .
Biden's broken promise on pardoning his son Hunter is raising new questions about his legacy WASHINGTON (AP) — President Joe Biden’s decision to go back on his word and pardon his son Hunter wasn't all that surprising to those who are familiar with the president's devotion to his family. But by choosing to put his family first, the 82-year-old president has raised new questions about his legacy. Biden has held himself up as placing his respect for the American judicial system and rule of law over his own personal concerns. It was part of an effort to draw a deliberate contrast with Republican Donald Trump. Now, both his broken promise and his act of clemency are a political lightning rod. Some Democrats are frustrated over Joe Biden reversing course and pardoning his son Hunter ATLANTA (AP) — Already reeling from their November defeat at the polls, Democrats now are grappling with President Joe Biden's pardoning of his son for a federal felony conviction — after the party spent years slamming Donald Trump as a threat to democracy who operates above the law. The White House on Monday struggled to defend the pardon, claiming the prosecution was politically motivated — a page out of Trump's playbook. That explanation did not satisfy some Democrats who are angry that Biden’s reversal could make it harder to take on Trump. Hezbollah fires into Israel-held area after multiple Israeli strikes in Lebanon since truce began JERUSALEM (AP) — Hezbollah fired into a disputed border zone held by Israel after multiple Israeli strikes inside Lebanon since a ceasefire took hold last week. The militant group said the volley, its first during the truce, was a warning shot in response to what it called repeated Israeli violations. Israeli leaders threatened to retaliate, further straining the fragile U.S.- and French-brokered ceasefire. Israeli strikes in recent days, including a string of hits on Monday, have killed at least four people in Lebanon. U.S. officials said the ceasefire was largely holding. Key players in Syria's long-running civil war, reignited by a shock rebel offensive BEIRUT (AP) — Syria’s civil war has exploded back onto the world stage after insurgents poured out of their main bastion in northwestern Syria and seized large parts of nearby Aleppo, Syria’s largest city, and dozens of nearby towns and villages.. The insurgents offensive triggered the heaviest clashes in the country since a March 2020 cease-fire brokered by Turkey and Russia, who back rival sides in the conflict. Five countries have military presence in Syria including the U.S. that has troops deployed in the country’s east, Turkey that controls parts of northern Syria, Israel that has presence in the Golan Heights and Russia and Iran that have been a main backer of Syrian President Bashar Assad. Woman driving drunk who killed bride still in her wedding dress sentenced to 25 years in prison A woman who admitted to drinking and who was driving well over twice the speed limit when she smashed into a golf cart killing a bride who had just got married at a South Carolina beach has been sentenced to 25 years in prison. Jamie Lee Komoroski pleaded guilty Monday to reckless homicide and three felony driving under the influence charges. Police said the 27-year-old drank at several bars on April 28, 2023, and was driving 65 mph on a narrow Folly Beach road when she slammed into a golf cart leaving a wedding. The bride, 34-year-old Samantha Miller, died still wearing her wedding dress. Florida woman sentenced to life for zipping boyfriend into suitcase, suffocating him A 47-year-oldFlorida woman has been sentenced to life in prison for zipping her boyfriend into a suitcase and leaving him to die of suffocation amid a history of domestic and alcohol abuse. Circuit Judge Michael Kraynick imposed the sentence Monday in Orlando on Sarah Boone for the 2020 killing of 42-year-old Jorge Torres. A jury deliberated only 90 minutes Oct. 25 before convicting Boone of the second-degree murder of Jorge Torres after a 10-day trial. Boone had insisted she was herself a victim of domestic violence at the hands of Torres and had pleaded not guilty. Already buried under snow, Great Lakes region expected to see more stormy weather this week Some storm-weary residents of the Great Lakes region have seen continued snowfall and are facing the prospect of even more accumulations this week. Lake-effect snow continues to fall on parts of western New York that were already blanketed with a foot or more over the past four days. Lake-effect snow warnings are in effect through Tuesday night in parts of Ohio, New York and Pennsylvania. Snow fell in western Michigan overnight, and heavier, persistent snow of up to a foot was expected to follow into Monday. Meanwhile, Alaska's capital got more than a foot of snow over the weekend. The National Weather Service says the wintry weather is stronger than Juneau usually sees this time of year. Stock market today: Rising tech stocks pull Wall Street to another record NEW YORK (AP) — Technology stocks pulled Wall Street to another record amid mixed trading. The S&P 500 rose 0.2% Monday after closing November at an all-time high. The Dow Jones Industrial Average fell 0.3%, and the Nasdaq composite gained 1%. Super Micro Computer, a stock that’s been on an AI-driven roller coaster, soared after saying an investigation found no evidence of misconduct by its management or the company’s board. Retailers were mixed coming off Black Friday and heading into what’s expected to be the best Cyber Monday on record. Treasury yields held relatively steady in the bond market. Cyber Monday shoppers expected to set a record on the year's biggest day for online shopping Consumers in the U.S. are scouring the internet for online deals as they look to make the most of the post-Thanksgiving shopping marathon on Cyber Monday. The National Retail Federation coined the term for the Monday after Black Friday in 2005. Even though e-commerce is now part and parcel of many people’s regular routine, Cyber Monday continues to be the biggest online shopping day of the year, thanks to steady discounts and a fair amount of hype. Several major retails actually started their Cyber Monday promotions over the weekend. Consumer spending for the online shopping days between Thanksgiving and Cyber Monday provides an indication of how much shoppers are willing to spend for the holidays.
2 Insights Into Oklo Stock That Investors Should KnowZAGREB, Croatia (AP) — Croatia’s incumbent President Zoran Milanovic won most of the votes in the first round of a presidential election on Sunday, but must face a runoff against a ruling party candidate to secure another five-year term. With nearly all of the votes counted, left-leaning Milanovic won 49% while his main challenger Dragan Primorac, a candidate of the ruling conservative HDZ party, trailed far behind with 19%. Pre-election polls had predicted that the two would face off in the second round on Jan. 12, as none of the eight presidential election contenders were projected to get more than 50% of the vote. Milanovic thanked his supporters but warned “this was just a first run.” “Let’s not be triumphant, let’s be realistic, firmly on the ground,” he said. “We must fight all over again. It’s not over till it’s over.” Milanovic is an outspoken critic of Western military support for Ukraine in its war against Russia. He is often compared to Donald Trump for his combative style of communication with political opponents. The most popular politician in Croatia, 58-year-old Milanović has served as prime minister in the past. Populist in style, he has been a fierce critic of current Prime Minister Andrej Plenković and continuous sparring between the two has lately marked Croatia’s political scene. Plenković, the prime minister, has sought to portray the vote as one about Croatia’s future in the EU and NATO. He has labeled Milanović “pro-Russian” and a threat to Croatia’s international standing. “The difference between him and Milanović is quite simple: Milanović is leading us East, Primorac is leading us West,” he said. Though the presidency is largely ceremonial in Croatia, an elected president holds political authority and acts as the supreme military commander. Milanović has criticized the NATO and European Union support for Ukraine and has often insisted that Croatia should not take sides. He has said Croatia should stay away from global disputes, though it is a member of both NATO and the EU. Milanović has also blocked Croatia’s participation in a NATO-led training mission for Ukraine, declaring that “no Croatian soldier will take part in somebody else’s war.” His main rival in the election, Primorac, has stated that “Croatia’s place is in the West, not the East.” His presidency bid, however, has been marred by a high-level corruption case that landed Croatia’s health minister in jail last month and featured prominently in pre-election debates. During the election campaign, Primorac has sought to portray himself as a unifier and Milanović as divisive. Primorac was upbeat despite such a big defeat in the first round. “I know the difference (in votes) at first sight seems very big,” said Primorac, who insisted that the center-right votes had split among too many conservative candidates. “Now we have a great opportunity to face each other one on one and show who stands for what,” he said. Sunday’s presidential election is Croatia’s third vote this year, following a parliamentary election in April and the European Parliament balloting in June.
President-elect Donald Trump’s lawyers urge judge to toss his hush money conviction
The London Knights Booster Club (LKBC) is ready to break an OHL record for most teddy bears tossed onto the ice. “I think we’re going to hit from that 4,000 mark just within the club,” said Sav Neth, president or the LKBC. During every bus and beach trip, as well as BBQ the club hosted this past year, they asked their members to bring a stuffed animal in anticipation of this year’s Teddy Bear Toss game. Neth, known as the Knights Super Fan, knows how the importance of the game and its donations for underprivileged children in the city. “When I was a child, we went to a place and the Salvation Army provided me with a teddy bear,” said Neth. “I was just given that hope and the inspiration. When I was young, my mom was a single mother of five children, and I gave her that teddy bear. In my mid-forties, she passed away and she had that bear ever since, so it's definitely meaningful.” When the bears are thrown onto the ice, they will be counted, sorted, and delivered by the Salvation Army. The London Knights Booster Club has collected more than 4,000 stuffed animals for the annual Teddy Bear Toss game at Canada Life Place on Wednesday, Dec. 4, 2024. (Brent Lale/CTV News London) “This year we're serving over 6,000 children,” said Nancy Kerr, executive director of Salvation Army London. “Every little piece of toy we get, some of the bears are big, some of them are small, and it goes a long way to helping us make sure that the children get something under the tree.” The Knights are encouraging fans to bring a new stuffed animal to Wednesday’s game at Canada Life Place. Their goal is to surpass their own OHL record achieved last year of 11,924. “It's a fun game to be a part of and one of the first games to sell out,” said Alex Brown, Knights’ director of marketing. “We had almost 12,000 bears last year and hoping for more this year.” A year ago, it was defenceman Jared Woolley who made history when he opened the scoring. Nancy Kerr, executive director of London’s Salvation Army seen on Dec. 3, 2024, says they will service 6,000 children with stuffed animals collected during this year’s Teddy Bear Toss. (Brent Lale/CTV News London) “I think everyone wants to score that goal and doing that and it being my first career goal, I thought it was pretty fun,” said Woolley. He added that it has become an internal competition in the dressing room, as everyone wants the one who makes the bears rain down. “Everybody's chirping and saying that they're going to score it, so everyone's giving each other a hard time about it,” added Woolley. “I think everyone just wants to be the one to bring them down for sure.” No matter who scores London’s first goal Wednesday, Neth knows from personal experience, it is a very special night for those donating and those receiving. “It is such a remarkable thing that this fan base, and this community is doing to help the Salvation Army,” said Neth. “It’s great giving and be able to receive and hopefully inspire those kids to have something to hug or something to hold that might not have anything for Christmas.” Shopping Trends The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop. Read about us. Editor's Picks 19 Of The Best Stocking Stuffers For Teenagers 13 Of The Best Self-Care Gifts You Can Find On Amazon Canada The Ultimate 2024 Holiday Gift Guide For People Who Love Working Out Home Our Guide To The Best Sectional Sofas You Can Get In Canada Our Guide To The Best Electric Snow Shovels In Canada In 2024 (And Where To Get Them) Our Guide To The Best Hydroponic Gardens In Canada In 2024 (And Where To Get Them) Gifts Here Are All The Gift Wrapping Supplies You Should Order Before The Holidays 17 Sweet Treats And Snacks That Make Great Stocking Stuffers 15 Gifts That'll Pry Their Eyes Away From Screens For A Bit Beauty Our Guide To The Best Self Tanners You Can Get In Canada 20 Anti-Aging Skincare Products That Reviewers Can’t Stop Talking About 12 Budget-Friendly Makeup Brushes And Tools Worth Adding To Your Kit Deals Black Friday May Be Over, But You Can Still Take Advantage Of These Amazing Sales On Amazon Canada It's Officially Travel Tuesday: Here Are The Best Deals On Flights, Hotels, And Vacations The Waterpik Advanced Water Flosser Will Make Cleaning Your Teeth So Much Easier — And It's 40% Off For Cyber Monday London Top Stories 'A real gamut': LHSC highlights number of serious seasonal injuries ahead of the holiday season Tire shops 'spinning' with winter tire changeover demand Mayor worried about flooding following conservation dam decision 'We can’t wait for perfection': Local advocates respond to AG’s criticism of province’s plan to fight homelessness and addiction Charges laid after 'shelter in place' in Tillsonburg 'Hopefully inspire those kids': London Knights Booster Club collects thousands of stuffed animals for Teddy Bear Toss game Nearly $300,000 worth of drugs seized in Oxford County, Kitchener School closures and bus cancellations, more squalls expected Tuesday morning CTVNews.ca Top Stories Mexico president says Canada has a 'very serious' fentanyl problem Foreign Affairs Minister Mélanie Joly is not escalating a war of words with Mexico, after the Mexican president criticized Canada's culture and its framing of border issues. Singh won't support Conservative non-confidence motion that uses his own words NDP Leader Jagmeet Singh says he won't play Conservative Leader Pierre Poilievre's games by voting to bring down the government on an upcoming non-confidence motion. Calgary man who drove U-Haul over wife sentenced to 15 years A Calgary man who killed his wife in 2020 when he drove over her in a loaded U-Haul has been sentenced to 15 years behind bars. Freeland says it was 'right choice' for her not to attend Mar-a-Lago dinner with Trump Deputy Prime Minister and Finance Minister Chrystia Freeland says it was 'the right choice' for her not to attend the surprise dinner with Prime Minister Justin Trudeau at Mar-a-Lago with U.S. president-elect Donald Trump on Friday night. Opposition leaders talk unity following Trudeau meeting about Trump, minister calls 51st state comment 'teasing' The prime minister’s emergency meeting with opposition leaders on Tuesday appears to have bolstered a more united front against U.S. president-elect Donald Trump’s tariff threats. Canada Post strike: Kids no longer need to mail their letters to Santa by the end of the week Canada Post says it has removed the deadline for its Santa Claus letter program amid an ongoing national workers' strike that has halted mail delivery leading up to the holiday season. Man severely injured saving his wife from a polar bear attack in the Far North A man was severely injured Tuesday morning when he leaped onto a polar bear to protect his wife from being mauled in the Far North community of Fort Severn. Another case of 'zombie deer' disease confirmed in B.C.'s Kootenays Health officials have confirmed a fourth case of chronic wasting disease in B.C.’s Kootenay region, prompting calls for a swift cull to prevent further spread. Video shows 'completely unprovoked' stranger attack in Vancouver, police say Police in Vancouver are searching for witnesses after a seemingly random and unprovoked assault was captured on video in the city's downtown core. Kitchener Why Wilmot is proposing a $580 tax increase in its 2025 draft budget The Township of Wilmot has released its 2025 draft budget which included a one-time capital infrastructure investment. Teddy Bear Toss happening tonight at the Aud Calling all Kitchener Rangers fans! The Teddy Bear Toss returns for tonight's game against the Brantford Bulldogs. Guelph Police looking for missing pregnant woman Guelph Police are asking for help as they search for a missing pregnant woman. Barrie Snow-clearing efforts stalled due to tractor-trailers stuck on many roads along Highway 11 Snow-clearing efforts continue on secondary roads that remain closed along Highway 11 on Tuesday. Woman dies in two-vehicle crash on Highway 118 in Haliburton An 87-year-old woman has died following a collision on Highway 118 in Haliburton County on Monday afternoon. Crown pushes for 6-year sentence for supervisor convicted in fatal crash case Victim impact statements were read in a Barrie courtroom on Tuesday ahead of sentencing for a man convicted of criminal negligence causing the death of a dump truck driver four years ago. Windsor Survey raises concerns about cannabis-impaired driving in Ontario A recent survey conducted by CAA South Central Ontario (CAA SCO) highlights an increase in cannabis use among Ontario drivers, sparking some concern about impaired driving. 'Times are tough and we're feeling the stretch': Still time to give this Giving Tuesday Dec. 3 is Giving Tuesday and the Chatham-Kent Health Alliance Foundation (CKHAF) is calling on the community for support to help purchase a new fluoroscopy machine for Chatham-Kent Health Alliance (CKHA). Leamington man facing several firearms charges Essex County OPP have charged a 42-year-old man with firearms-related offences following the execution of a warrant in Leamington. Northern Ontario Man severely injured saving his wife from a polar bear attack in the Far North A man was severely injured Tuesday morning when he leaped onto a polar bear to protect his wife from being mauled in the Far North community of Fort Severn. Insults on social media lead to real-life assault in northern Ont. A Mississauga First Nation woman has been charged with assault after she took offence to comments about her on social media. Five years after toddler's brutal death, Northern Ont. family struggles to find peace, justice A North Bay family is struggling to find peace and justice as the five-year anniversary of the brutal death of toddler Oliver McCarthy approaches. Sault Ste. Marie Shooting on Manitoulin Island leads to attempted murder charges Two people have been charged – one with attempted murder – following a shooting in Wikwemikong last week. Insults on social media lead to real-life assault in northern Ont. A Mississauga First Nation woman has been charged with assault after she took offence to comments about her on social media. Snow squall warning in the Sault, heaviest snowfall expected tonight Sault Ste. Marie's run of severe winter weather will continue Tuesday, with Environment Canada issuing another snow squall warning. Ottawa TRAVEL ADVISORY | Winter weather travel advisory in effect as Ottawa expects first notable snowfall The first winter weather travel advisory of the season is in effect for Ottawa as the city's first dump of snow expected this week. 1 teen, 4 adults injured in crash involving school bus and vehicle in south Ottawa Ottawa paramedics say five people were injured following a collision between a school bus and a van in south Ottawa. Jewish pro-Palestinian protesters occupy Ottawa Parliament building A group of Jewish-Canadian activists protesting Israel's ongoing armed offensive in Gaza have occupied a parliamentary building in Ottawa on Tuesday morning. Toronto Walking pneumonia cases in Ontario have nearly tripled since 2019: report The number of walking pneumonia cases seen in Ontario this year is triple the amount of what was reported in 2019, before the COVID-19 pandemic. Process around Ontario Place redevelopment was 'unfair' and didn't follow rules: AG Ontario's auditor general is slamming the Ford government for failing to follow proper process around the redevelopment of Ontario Place, including a revelation that senior staff communicated directly with Therme Canada and other applicants while proposals were still being accepted. Winter weather travel advisory: Toronto expected to see its first snowfall Wednesday Toronto is expecting its first snowfall of the season this week. Environment Canada has issued a winter weather advisory for the city, advising of snow accumulations near five centimetres on Wednesday. Montreal Despite devastating poll, Quebec Premier Legault confident he’s here to stay Despite a devastating poll, Premier François Legault is confident that he will lead the CAQ troops into the next electoral battle in two years' time. Quebec doctors who refuse to stay in public system for 5 years face $200K fine per day Quebec's health minister has tabled a bill that would force new doctors trained in the province to spend the first five years of their careers working in Quebec's public health network. Quebec prisons on lockdown after correctional officer severely beaten Quebec prisons were in lockdown on Tuesday after a correction officer at the Sorel-Tracy detention centre was attacked this week. Atlantic Snow, rain, and wind expected for Maritimes this week with early December storm A developing low pressure skirting colder air in place across eastern parts of the country will bring snow, rain, and wind to the Maritimes on Thursday. Cape Breton investigating last year of municipal credit card transactions The Cape Breton Regional Municipality (CBRM) is investigating more than a year of transactions on a legislative credit card due to a lack of documents. N.B. woman dies after hit and run in Notre-Dame: RCMP A 40-year-old New Brunswick woman has died after she was struck by a vehicle in Notre-Dame, N.B. Winnipeg Manitoba opening trade office in Washington, D.C. The Manitoba government is opening a trade office in Washington, D.C., next year. Every Winnipeg driver pulled over during checkstop program must give breath sample: police Every driver pulled over in Winnipeg as part of the police’s annual festive season checkstop program will have to provide a breath sample. Young Manitoba woman dies after medical emergency during dental appointment The Manitoba Dental Association (MDA) said it is investigating a critical incident where a young woman from the Morden-Winkler area died following a dental appointment. Calgary Person found dead in Taradale home with high CO levels: CFD A person was found dead in a Taradale home where emergency crews discovered high levels of carbon monoxide. Calgary man who drove U-Haul over wife sentenced to 15 years A Calgary man who killed his wife in 2020 when he drove over her in a loaded U-Haul has been sentenced to 15 years behind bars. Calgarians need to make more money to avoid homelessness than other Canadians: study New research suggests Calgarians need to make more money than people in other major Canadian cities in order to keep their homes. Edmonton Ex-Alberta teacher convicted of sex crime involving child for 2nd time Former Alberta teacher Brian Davison has been found guilty of one count of sexual exploitation in connection with an incident involving a child. U of A team repurposes culinary device to improve frostbite injury outcomes University of Alberta researchers have created a device they believe could significantly reduce the number of frostbite cases that end in amputation. Gibbons man charged with child pornography offences A 23-year-old Alberta man has been charged in connection with a 10-month-long child pornography investigation. Regina Regulations around foreign ownership of Sask. farmland need better enforcement, auditor finds The Provincial Auditor of Saskatchewan is recommending that the province improve its system of monitoring sales of farmland to foreign entities. Formal expectations needed for answering 911 calls: Sask. auditor reports The Provincial Auditor assessed the Saskatchewan Public Safety Agency’s (SPSA) 911 call taking and dispatching processes for fire emergencies, focusing on the Provincial Emergency Communications Centre. Attempted murder charge laid after home invasion, series of hit and runs in Regina Two people in Regina are facing a list of charges following a series of alleged acts that include a home invasion, multiple collisions and attempted murder. Saskatoon Major power outage hits much of Saskatoon's west side A large power outage is affecting much of Saskatoon’s west side and portions of the east side of the city on Tuesday afternoon. Saskatoon city council raises property taxes 4.96% next year Saskatoon city councillors approved a municipal budget that will raise property taxes 4.96 per cent in 2025. Teenage girl among two killed in Saskatchewan First Nation house fire Vancouver BC SPCA to rescue up to 30 stray cats from one Kamloops home The BC SPCA is warning of the consequences of feeding stray cats after a person accidentally lured over 25 felines to their home in Kamloops, B.C. BREAKING | New Vancouver Art Gallery plan scrapped, board seeks new design The Vancouver Art Gallery has decided to start all over again and shelve plans for a new nine-level tower made of wood and glass, CTV News has learned. Taylor Swift fans flock to BC Place, days before Eras Tour lands in Vancouver Security fencing is going up around BC Place stadium in preparation for the final days of Taylor Swift's Eras Tour this weekend, while dozens of Swifties gather near by to feel the vibe and "breathe the same air as Taylor Swift." Vancouver Island Canadian military drones enter production, though Arctic modifications will be required Canada's first combat drones have now entered production, though the remotely piloted aircraft will require years of testing and significant modifications before the first units are delivered in 2028. Taylor Swift fans flock to BC Place, days before Eras Tour lands in Vancouver Security fencing is going up around BC Place stadium in preparation for the final days of Taylor Swift's Eras Tour this weekend, while dozens of Swifties gather near by to feel the vibe and "breathe the same air as Taylor Swift." Coroners inquest set for B.C. woman with Down Syndrome who starved to death The BC Coroners Service will hold an inquest into the death of Florence Girard, a 54-year-old woman with Down syndrome who died of starvation in 2018. Stay ConnectedApple Hospitality REIT, Inc. (APLE) to Issue Monthly Dividend of $0.08 on January 15th
Ghaziabad: In a bypoll that saw one the lowest turnouts in Ghaziabad's electoral history, BJP comfortably held on to the seat, which fell vacant after Atul Garg was elected MP in the Lok Sabha election earlier this year. Its candidate Sanjeev Sharma bagged 63% of the total votes polled, with SP and India bloc candidate Singhraj Jatav a distant second with only 17.7% vote share. In numbers, Sharma secured 96,946 votes, defeating Jatav by a margin of 69,727. The opposition camp had hoped that the low turnout of 33.3% on Nov 20 would work against BJP in a seat that has been a saffron stronghold ever since it was carved out in 2009. But that was not to be. Maharashtra Jharkhand Maharashtra Alliance View i Party View Seats: 288 L + W Majority: 145 BJP+ 229 MVA 47 OTH 12 Leads + Wins : 288 / 288 BJP+ WON Jharkhand Alliance View i Party View Seats: 81 Results Majority: 41 INDIA 56 NDA 24 OTH 1 Results : 81 / 81 INDIA WON Source: PValue Jatav, in fact, escaped forfeiting his deposit by 4,000 votes. The remaining 12 candidates in the fray, which included PN Garg of BSP, Ravi Kumar of AIMIM, and Satyapal Choudhary of Azad Samaj Party (Kanshi Ram), lost their deposits. BSP, AIMIM, and Azad Samaj Party (Kanshi Ram) secured 6.9%, 4.2%, and 4.1% vote share, respectively, accounting for only 15.3% of the total votes polled cumulatively. Eight of these candidates bagged fewer votes than NOTA. For BJP, morning showed the day. "Sharma's dominance was clear in the first hour of counting itself. He took the lead at the very start, which only increased as counting progressed. Even though Ghaziabad's voter turnout was the lowest, there was speculation of a tight finish. But the result proved all political pundits wrong," said Pradeep Sharma, the media in-charge of BJP. Of nine seats where bypolls were held in the state, BJP won seven, which gives it a boost after the Lok Sabha setback. SP, on the other hand, did not see momentum from the LS result translate into the bypolls. Sharma (48), who bettered BJP's performance in the last state polls of 2022, attributed his bypoll win to meticulous planning. "Star campaigners like Yogi Adityanath canvassed for votes till the last minute. Even before the bypolls were announced, the one message that Yogi Ji repeatedly gave in his meetings with party workers was not to give in to complacency even though Ghaziabad is considered a BJP stronghold. His advice was well heeded," he told TOI. In the last leg of campaign, BJP focused its campaign in the ‘line paar' area of Vijay Nagar and Pratap Vihar, which accounts for the most number of voters — many of them aggrieved over lack of Ganga water and civic issues. An old hand in the party, Sharma got associated with BJP in 2007 and has held many posts since then. He was president of BJP's youth wing and the mahanagar president since 2019. Under him, BJP improved its performance in the Lok Sabha polls of 2019 and 2024 and the 2022 assembly elections. The fact that Sharma improved ON Garg's voti share only proved his managerial skills. In 2022, Garg secured 61.4% vote share, while Sharma secured 63.2%. In 2017, Garg bagged 55.3% of the total votes polled. In the 2012 assembly election, BJP lost the seat to SP and secured just 28.9% of votes. "From 28.9% vote share in 2012 to 63.2% in 2024, BJP has only improved its performance. Even in the general election, the party has been winning the seat continuously since 2009. BJP's phase could be divided into pre and post-Modi era. In both, BJP has done well to prove Ghaziabad is a ‘safe seat' for it," said political analyst Sanjay Mishra. Asked if there was a division of non-BJP votes and if that helped the party win with such a huge margin, Mishra said, "The combined vote share of BSP, AIMIM, and Azad Samaj Party (Kanshi Ram) was only 15.3%. If you were to add this vote share to that of SP, which emerged a distant second, it would come to just 32%. BJP's vote share, meanwhile, is over 63%. So even by that yardstick too, BJP was way ahead." Party supporters erupted in joy after Sharma's victory and burst crackers on the roads, unmindful of high pollution levels. "For the past three months, we have been preparing for this day. We are happy we have achieved the results," said BJP worker Somesh Singh. Sharma, meanwhile, was greeted by MLAs and workers at the party office. "It's your victory," Sharma said as he hugged a party worker.TXNM Energy and Public Service Company of New Mexico Declare Quarterly Dividends ALBUQUERQUE, N.M. , Dec. 3, 2024 /PRNewswire/ -- The Board of Directors of TXNM Energy TXNM today voted to increase the company's annual dividend payment by $0.08 , a 5.2% increase, to an indicated annual rate of $1.63 per share of common stock. The board has declared the resulting quarterly stock dividend of $0.4075 per share, payable February 14, 2025 , to shareholders of record at the close of business January 31, 2025 . Also today, the Board of Directors of Public Service Company of New Mexico , wholly owned subsidiary of TXNM Energy, declared the regular quarterly dividend of $1.145 per share on the 4.58 percent series of cumulative preferred stock. The preferred stock dividend is payable January 15, 2025 , to shareholders of record at the close of business December 31, 2024 . Background: TXNM Energy TXNM , an energy holding company based in Albuquerque, New Mexico , delivers energy to more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM. For more information, visit the company's website at www.TXNMEnergy.com . Contacts: Analysts Media Lisa Goodman Corporate Communications (505) 241-2160 (505) 241-2743 Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 Statements made in this news release for TXNM Energy, Inc. ("TXNM"), Public Service Company of New Mexico ("PNM"), or Texas-New Mexico Power Company ("TNMP") (collectively, the "Company") that relate to future events or expectations, projections, estimates, intentions, goals, targets, and strategies, including the unaudited financial results and earnings guidance, are made pursuant to the Private Securities Litigation Reform Act of 1995. Readers are cautioned that all forward-looking statements are based upon current expectations and estimates and apply only as of the date of this report. TXNM, PNM, and TNMP assume no obligation to update this information. Because actual results may differ materially from those expressed or implied by these forward-looking statements, TXNM, PNM, and TNMP caution readers not to place undue reliance on these statements. TXNM's, PNM's, and TNMP's business, financial condition, cash flow, and operating results are influenced by many factors, which are often beyond their control, that can cause actual results to differ from those expressed or implied by the forward-looking statements. For a discussion of risk factors and other important factors affecting forward-looking statements, please see the Company's Form 10-K, Form 10-Q filings and the information included in the Company's Forms 8-K with the Securities and Exchange Commission, which factors are specifically incorporated by reference herein. View original content to download multimedia: https://www.prnewswire.com/news-releases/txnm-energy-increases-common-dividend-302321617.html SOURCE TXNM Energy, Inc. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Wall Street inches higher to set more recordsJon Stewart mocks 'the dance Democrats have to do' after Hunter Biden pardonTikTok's future in the U.S. appeared uncertain on Friday after a federal appeals court rejected a legal challenge to a law that requires the social media platform to cut ties with its China-based parent company or be banned by mid-January. A panel of three judges on The U.S. Court of Appeals for the District of Columbia Circuit ruled unanimously that the law withstood constitutional scrutiny, rebuffing arguments from the two companies that the statute violated their rights and the rights of TikTok users in the U.S. The government has said it wants ByteDance to divest its stakes in TikTok. But if it doesn't and the platform goes away, it would have a seismic impact on the lives of content creators who rely on the platform for income as well as users who use it for entertainment and connection. Here are some details on the ruling and what could happen next: What does the ruling say? In their lawsuit, TikTok and ByteDance, which is also a plaintiff in the case, had challenged the law on various fronts, arguing in part that the statute ran afoul of the First Amendment and was an unconstitutional bill of attainder that unfairly targeted the two companies. But the court sided with attorneys for the Justice Department who said that the government was attempting to address national security concerns and the way in which it chose to do so did not violate the constitution. The Justice Department has argued in court that TikTok poses a national security risk due to its connections to China. Officials say that Chinese authorities can compel ByteDance to hand over information on TikTok's U.S. patrons or use the platform to spread, or suppress, information. However, the U.S. hasn't publicly provided examples of that happening. The appeals court ruling, written by Judge Douglas Ginsburg, said the law was “carefully crafted to deal only with control by a foreign adversary." The judges also rejected the claim that the statute was an unlawful bill of attainder or a taking of property in violation of the Fifth Amendment. Furthermore, Ginsburg wrote the law did not violate the First Amendment because the government is not looking to “suppress content or require a certain mix of content” on TikTok. What happens next? TikTok and ByteDance are expected to appeal the case to the Supreme Court, but it's unclear whether the court will take up the case. TikTok indicated in a statement on Friday the two companies are preparing to take their case to high court, saying the Supreme Court has “an established historical record of protecting Americans’ right to free speech." "We expect they will do just that on this important constitutional issue,” a company spokesperson said. Alan Morrison, a professor at The George Washington University Law School, said he expects the Supreme Court to take up the case because of the novelty of the issues raised in the lawsuit. If that happens, attorneys for the two companies still have to convince the court to grant them an emergency stay that will prevent the government from enforcing the Jan. 19 divestiture deadline stipulated in the law, Morrison said. Such a move could drag out the process until the Justices make a ruling. Tiffany Cianci, a TikTok content creator who has supported the platform, said she was not shocked about the outcome of the court's ruling on Friday because lower courts typically defer to the executive branch on these types of cases. She believes the company will have a stronger case at the Supreme Court. “I believe that the next stages are more likely to produce a victory for TikTokers and for TikTok as a whole,” Cianci said. What about Trump? Another wild card is President-elect Donald Trump, who tried to ban TikTok during his first term but said during the recent presidential campaign that he is now against such action . The Trump transition team has not offered details on how Trump plans to carry out his pledge to “save TikTok." But spokeswoman Karoline Leavitt said in a statement last month that he plans to “deliver” on his campaign promises. After Trump takes office on Jan. 20th, it would fall on his Justice Department to enforce the law and punish any potential violators. Penalties would apply to any app stores that would violate a prohibition on TikTok and to internet hosting services which would be barred from supporting it. Some have speculated that Trump could ask his Justice Department to abstain from enforcing the law. But tech companies like Apple and Google, which offer TikTok's app on their app stores, would then have to trust that the administration would not come after them for any violations. Craig Singleton, senior director of the China program at the Foundation for Defense of Democracies, said enforcement discretion — or executive orders — can not override existing law, leaving Trump with “limited room for unilateral action." There are other things Trump could potentially do. It's possible he could invoke provisions of the law that allow the president to determine whether a sale or a similar transaction frees TikTok from “foreign adversary” control. Another option is to urge Congress to repeal the law. But that too would require support from congressional Republicans who have overwhelmingly supported the prospect of getting TikTok out of the hands of a Chinese company. In a statement issued Friday, Republican Rep. John Moolenaar of Michigan, chairman of the House Select Committee on China, said he was “optimistic that President Trump will facilitate an American takeover of TikTok” and allow its continued use in the United States. Is anyone trying to buy TikTok? ByteDance has said it won't sell TikTok . And even if it wanted to, a sale of the proprietary algorithm that powers TikTok is likely to get blocked under Chinese export controls that the country issued in 2020. That means if TikTok is sold without the algorithm, its likely that the buyer would only purchase a shell of the platform that doesn't contain the technology that made the app a cultural powerhouse. Still, some investors, including Trump’s former Treasury Secretary Steven Mnuchin and billionaire Frank McCourt, have expressed interest in buying it. This week, a spokesperson for McCourt’s Project Liberty initiative, which aims to protect online privacy, said participants in their bid have made informal commitments of more than $20 billion in capital. The spokesperson did not disclose the identity of the participants. Haleluya Hadero, The Associated Press
Matt Duchene and Roope Hintz scored in the third period, and the Dallas Stars beat the Tampa Bay Lightning 4-2 on Saturday night. Jake Oettinger stopped 27 shots while improving to 11-3 on the season. Anthony Cirelli scored twice for Tampa Bay, which had a five-game point streak. Andrei Vasilevskiy made 24 saves. The Lightning had leads of 1-0 and 2-1 in the first period but Dallas answered both times on goals from Evgenii Dadonov and Miro Heiskanen. It was 2-2 before Duchene and Hintz scored 58 seconds apart in the third. Takeaways Stars: The Stars have allowed two-or-fewer goals 12 times in 19 games this season. Dallas has won five of six overall. Lightning: Cirelli has scored in a career-best five consecutive games. But the Lightning power play, which was tops in the league last season, continues to struggle on home ice. It went 0 for 3 and has just two power-play goals on 25 chances in nine home games. Key moment The Lightning turned over the puck in the offensive zone and allowed the Stars to head back up ice on a 3-on-1 rush. Duchene finished off the play from the bottom of the right circle, beating Vasilevskiy from a side angle for the winning goal. Key stat Dallas recorded the 2,000th victory in franchise history, which includes 758 victories as the Minnesota North Stars. The Stars are the 10th franchise in NHL history to reach 2,000 wins. Up next The Stars play at Carolina on Monday, and the Lightning host Colorado on Monday.Jimmy Carter, the 39th US president, has died at 100
Rodrigo Duterte's Violent Legacy Lives On With His VP Daughter Threatening To Kill President MarcosMINOT — Measure 4, a constitutional amendment to abolish taxes on property values, went down in flames last month, with more than 63% of North Dakotans saying "no." The measure campaign, called End Unfair Property Tax, was organized by former state lawmaker Rick Becker. It failed to win even a single county. The closest the measure got to a majority anywhere in the state was just over 47% of the vote in Ward County. ADVERTISEMENT It lost, I think, not because North Dakotans, who are perpetually aggrieved with their property taxes, are necessarily against change, but because of two factors. The first, and somewhat less important reason, is that the spokesman for the campaign was Becker, a deeply polarizing and unpopular political figure. The second and far more critical issue is that the proposal gave voters no inkling as to what might replace the current property tax regime. Would it be another form of property tax? Would other taxes or fees go up? Could we be assured of efficiently funding local projects and keeping some semblance of local control? In essence, voters needed to know they wouldn't be jumping out of the frying pan of the status quo and into the fires of the unknown. Becker and the Measure 4 campaign couldn't deliver any convincing assurances. So Measure 4 flopped, but we're about to have a significant debate about property tax reform during the coming legislative session. And you know what? Even though Measure 4 was a very bad idea, some of the ideas its supporters are kicking around are worth taking seriously. A reader forwarded to me the minutes from the last of the Measure 4 committee's meetings, which was held Nov. 19 in Minot. In addition to closing out the books on their campaign, the committee discussed what sort of reforms they would and would not support going forward. The things they say they'll support? And what won't the committee members support? ADVERTISEMENT I'm impressed, given what an astoundingly bad idea Measure 4 was. I should note that some of the property tax proposals that have been made public are already coalescing around some of these ideas. Rep. Scott Louser, R-Minot, for instance, is proposing legislation that would have the state take over K-12 funding (Louser estimates that this would be a 25% to 50% reduction in property tax bills, depending on where you live), coupled with a cap on taxes that could be rolled over from budget cycle to budget cycle if a governing entity doesn't use its full tax. There will be more proposals — there are already dozens of drafts ready to be filed ahead of the regular session — but what the Measure 4 committee is backing serves as a good framework for what reform should look like. "The things they support are very much in line with things I support," one person who worked on the campaign against Measure 4 told me. Caps, at this point, are a given. State lawmakers have appropriated billions to buy down property taxes, but I'm not sure many North Dakotans can say they've felt the relief. Expect lobbyists for local governing interests to fight hard against them, but every lawmaker I've spoken to since Election Day has indicated to me that caps are all but assured. But the calls for ending foreclosures and reforming tax exemptions? Those are superb ideas and should be central to any property tax package from this legislative session. Property tax foreclosures don't happen very often, but they do happen, and what happens more frequently is that someone who can't afford the property taxes voluntarily sells before reaching the point of foreclosure. Moving to liens provides adequate accountability for failure to pay without the draconian step of foreclosure. Taking a hard look at property tax exemptions, too, is a good idea. We can start with a simple question: Are they actually working? Have they had measurable success? If not, ax them, but even if they can be said to be working, are they worth the cost? Every new property tax exemption narrows the property tax base and puts upward pressure on the bills of every taxpayer who didn't receive an exemption. ADVERTISEMENT Good tax policy consists of taxes that are broad, simple and low. Property taxes in North Dakota have increasingly become narrow, complicated and high. Exemptions are a part of that problem. Again, Measure 4 was a bad idea, and I'm glad it failed, but the committee backing it has some good ideas on how we move forward. They deserve credit for that.
Alvopetro Energy Ltd. ( OTCMKTS:ALVOF – Get Free Report ) declared a quarterly dividend on Tuesday, December 17th, NASDAQ Dividends reports. Shareholders of record on Tuesday, December 31st will be given a dividend of 0.09 per share on Wednesday, January 15th. This represents a $0.36 dividend on an annualized basis and a yield of 10.00%. The ex-dividend date of this dividend is Tuesday, December 31st. Alvopetro Energy Stock Performance OTCMKTS ALVOF opened at $3.60 on Friday. Alvopetro Energy has a 52-week low of $2.85 and a 52-week high of $5.09. The company has a fifty day moving average of $3.45 and a 200-day moving average of $3.55. The company has a market capitalization of $131.43 million, a P/E ratio of 9.23 and a beta of 0.14. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.10 and a current ratio of 2.10. About Alvopetro Energy ( Get Free Report ) Featured Articles Receive News & Ratings for Alvopetro Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alvopetro Energy and related companies with MarketBeat.com's FREE daily email newsletter .Meta Platforms Inc META Global Affairs President Nick Clegg flagged the company’s evolving role in content moderation amid global elections, the latest of which was the U.S. presidential election . Clegg acknowledged the company’s responsibility as an operator of platforms where public exchange of views occurs amid elections in the world’s biggest democracies, including India, Indonesia, Mexico, and the European Union. Previously, social media companies drew flak globally for spreading misinformation and content that perpetrated violence during elections. Also Read: Apple Might Have To Commit $1 Billion To Indonesia To Reverse iPhone 16 Ban Facebook had suspended Donald Trump’s (then U.S. President) account from January 6, 2021, to January 7, 2023, following the Capitol Hill riot in January 2021 . X , formerly known as Twitter , also banned Trump’s account after Facebook. Therefore, Clegg acknowledged that the company had evolved its approach to elections since 2016 via trial and error, including forming a team of experts from its intelligence, data science, content and public policy, and legal teams. In 2024, Meta ran multiple election operations centers globally amid primary elections, including the U.S., Bangladesh, Indonesia, India, Pakistan, and the EU Parliament. Meta updated and applied its content policies throughout the year to help users freely communicate and exchange views. Meta introduced political content controls on Facebook, Instagram, and Threads in the U.S. to recommend political content based on users’ choices, the blog read. It is amid efforts to roll out the feature globally. Meta permitted social media users to question or flag doubts about election processes, avoiding election-related speculation or bias that could promote violence. For paid content, Meta barred ads that questioned the legitimacy of an election, something the company had done since 2020. Meta revised its penalties system in 2023 to enable an effective exchange of views while punishing the policy violators. The company conducted annual audits of words it considered slurs under its Hate Speech policy. Meta also revised its penalty protocol for public figures suspended for violations. Clegg also acknowledged monitoring deepfakes and AI-enabled disinformation campaigns during the elections that helped combat potential threats from the misuse of generative AI. Meanwhile, Tesla Inc TSLA chief and owner of X, Elon Musk, has actively promoted free speech and Trump during his 2024 presidential campaigns . Meanwhile, Trump now expresses his views on Trump Media & Technology Group Corp DJT Truth Social, where he has a majority stake . Price Action: META stock closed higher by 3.61% at $613.65 on Tuesday. Also Read: Citi Trends Sales Beat Estimates With Margin Gains Despite Q3 Loss Photo via Shutterstock © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Archer Aviation Midnight flight test It has been a turbulent 30 days in the stock market for Archer Aviation ( ACHR ), one of several hopefuls in the emerging electric air taxi field. On November 5th, its share price clocked in at $3.25. By one point on November 29th, it was priced at $9.75, a 200% increase in just over 3 weeks. On that day alone, the stock closed up 18% from the previous day’s close. But quicker than you can say electric vertical takeoff and landing (eVTOL), the stock price lost a quarter of its value the very next day the market was open on December 2nd. This segment of the aviation industry caught fire as the next big thing. Visions of thousands of these tiny vehicles swooping down to pick up passengers Uber-style and dropping them off at their urban destination were stoked throughout the investment community. Some estimate that over 300 startups with a better mousetrap evolved, with billions of dollars pouring into the programs deemed most feasible. What wasn’t always counted on was the sheer amount of time and money it takes to certify something new in civil aviation for passenger use. This was further complicated by the implications of novel technologies, ground and airspace infrastructure, and regulatory hurdles that first needed to be addressed. Hundreds of millions of dollars weren’t sufficient for an entrant to cross the finish line - it was on the order of billions with a potential time horizon upwards of a decade. Archer Aviation got started to get traction in 2018, and by 2021 had built a team, dialed in a design, obtained an order from United Airlines, and became publicly listed on the the NYSE. By 2023 they were flying a prototype model named Midnight and upped their total funding to $1.1 billion. Looking at Archer’s latest financials for the third quarter of this year, a net loss of $115M was realized, compared to $97M the year earlier. This is on the heels of a $116M loss for the first quarter and a $107M loss for the second for a 9-month loss of $338M. Aviation manufacturing, particularly for an early-stage entrant, is a very capital-intensive endeavor. Save Up To 75% With The Best Black Friday Clothing Deals That Are Still Running 10 Unofficial Hoka Cyber Week Sales You Don’t Want To Miss Despite this, the stock price had a nice run for most of November, nearly doubling in value. In addition to the 3Q financial report, the only meaningful news release during this time was a potential order for up to 100 Midnight aircraft from a Japanese joint venture. However, this only involved a right to place an order, not a firm order. This certainly wasn’t enough to move the needle by a factor of two. A more plausible explanation for the rise was that the stock became a meme, where just like AMC and GameStop, individual investors were creating a “short squeeze”, causing financial institutions who had bet the stock would go down to cover their positions by buying more stock at a higher price. Another driver could have been some positive stock picker comments on the segment which may have triggered a fear of missing out stampede. As for the 25% single-day loss, car maker Stellantis, maker of such brands as Dodge, Jeep and Chrysler, had invested millions to date and was to provide another funding round of close to $400M to help scale up Archer’s manufacturing. But Stellantis hasn’t been having a good day at the office this year with overloaded dealer lots stuffed with overly expensive inventory out of touch with today’s cautious consumer tastes. The final shoe dropped when the Stellantis CEO was suddenly ousted, causing both the automaker’s stock and Archer’s stock to tumble. There now seems to be investor uncertainty in Stellantis’ future commitment to a non-core aviation gamble. Archer Aviation was contacted but has not yet provided comment. There will certainly be some more volatility in the days to come as the uncertainty of Stellantis and the viability of the eVTOL business model battle with meme stock mania. Elsewhere in the industry, Lilium Air Mobility recently filed for bankruptcy, perhaps a harbinger of an impending culling of the herd.
After nudging Joe Biden out of US elections, Nancy Pelosi at it again; now she is plotting another ouster within the Democratic Party, here are all details
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