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Dogecoin ( DOGE -1.07% ) is certainly driving plenty of investor intrigue this weekend, with one of the biggest moves among the top-10 cryptocurrencies in the market. The dog-inspired meme token surged more than 16% from Friday at 4 p.m. ET to Saturday morning's peak, before giving up the vast majority of these gains on Sunday. Investors appear to be taking some profits after an incredible surge that saw Dogecoin break through the $0.48 level this weekend. Now, it's worth noting that at this weekend's high, which represented a multi-year high for the meme token, Dogecoin was roughly 50% away from breaking a new all-time high. And given this token's impressive momentum, and the moves seen across the crypto sector in recent weeks with other notable mega-cap projects breaking through key psychological levels and making new all-time highs, there are plenty of reasons why investors continue to grow more bullish on Dogecoin breaking through the previous high of a little more than $0.73 per token. Let's dive into what's driving this move, and where Dogecoin could be headed from here. Meme tokens are popping and dropping The investing landscape for most cryptocurrencies is one that any investor would identify as being volatile. For Dogecoin, a project that's been the beneficiary of some rather strong politically infused tailwinds , this ride is one that's been mostly upside-at least since the reelection of Donald Trump to the presidency. As a very friendly figure to the crypto movement, Donald Trump has previously espoused a number of policies that would be beneficial for the crypto sector as a whole, and particularly projects that are U.S.-based. And with Elon Musk now heading up the so-called "Department of Government Efficiency" (DOGE), investors are betting that continued commentary from the richest man in the world around Dogecoin specifically could propel this token even higher from here. However, Sunday's selling pressure does appear to provide some pause for investors looking to place bets on this meme token potentially making a run toward all-time highs. On Sunday, the crypto market dipped amid sector-wide profit-taking as a new week rolled in. And as I'll get into below, some rather bearish liquidations data started flowing through, suggesting forced selling could be leading to at least some of today's rebound for Dogecoin. Where is Dogecoin headed from here? This weekend's price action could indicate what investors are likely to see moving forward. In my view, the Saturday pop that brought about three-year highs for Dogecoin is emblematic of the incredible upside momentum Donald Trump and Elon Musk have provided for projects like Dogecoin. However, Sunday's decline does suggest leveraged bets to the upside on Dogecoin are getting unwound to a much greater extent, and this is proven with the most recent 24-hour data on crypto liquidations. Approximately $21 million of long derivatives bets on Dogecoin have been liquidated over the past day, relative to roughly $7 million in bearish bets liquidated over the same time frame. In other words, forced selling is at least partly responsible for the quick drop Dogecoin investors have seen from fresh multi-year highs. I think Dogecoin will remain a top token to watch in the coming days, and I expect to see continued volatility with this project take hold in the coming weeks. This remains a top crypto project only those with the stomach for this kind of intense volatility may want to look at. But it's also a project that's certainly entertaining to watch from the sidelines, and as Elon Musk has attested in the past, invest a little funny money into to see where it goes.
It happened again. A few weeks back I called my wife and asked her about a charge on our credit card statement. “Were we still using a certain app subscription that we had agreed to cancel last year?” For several minutes, we discussed swapping out that app on our family’s iPhones. And then, surprisingly, within minutes of ending that conversation, I started receiving emails for several competing products from other companies. Yes, I was alarmed. The crazy part about this situation was that I had never even heard of these other companies before, nor had I ever received these emails in the past. Furthermore, I had not searched for these companies, nor for any related topic using any browser. In fact, my wife and I had not discussed anything related to this topic (or application) in more than six months. And no, I had not said, “Hey, Siri” or used any of the other words that most of us have become familiar with when asking for help from virtual assistants. Indeed, that incident got me thinking a lot more about privacy and what else my phone was listening to and acting upon. Depending upon who you ask, the scenario I described above can be either a common occurrence, a rare incident that was likely just a one-off, or completely a figment of my imagination. But one thing is beyond dispute: Many thousands of people all over the world are talking about this topic. Here are some stories to consider: The following is an excerpt from a recent episode of the podcast with Clare Duffy, “ ” David Choffnes: “Online is we didn't find any evidence that companies were recording from the microphone or camera when they shouldn't.” Clare Duffy: “That's right. David says they're not listening.” David Choffnes “As far as we know, we're not seeing it.” Clare Duffy: “David's experiment took place in 2017. Since then, most experts have basically agreed that our phones aren't listening to us, because they don't need to. We give up a whole lot of personal information that's useful for targeting ads just by using the Internet every day, often without realizing it.” But on the other side, we have this article from " ," saying the opposite: “For years, people have noticed advertisements for products they recently discussed in conversation — even without searching for them online — suddenly appear on their devices. While many dismissed this as a coincidence or attributed it to targeted advertising based on online searches, it turns out there’s more to the story. According to a report by , a marketing firm has confirmed that smartphones are not just tracking users' online activity — they are also listening to what you say out loud, near your phone. “Smartphones might indeed be listening to our conversations, thanks to a technology known as “active listening.” This unsettling discovery comes after a marketing firm, whose clients include tech giants like Google and Facebook, admitted to using software that monitors users’ conversations through the microphones of their devices. This admission has raised serious questions about privacy, user consent, and the ethics of targeted advertising. ...” For some comic relief on this topic, check out this YouTube video: This past week, the ran an article entitled, " ." "Cybersecurity experts have devised a simple test that will tell you if your phone is eavesdropping on your conversations. "The four-step test, by researchers at NordVPN, begins with you selecting a unique topic that you've never searched for. ..." The chart below is from the NordVPN process: If you determine that you are not happy with the results, consider following the advice from this article from late last year on " ." “You can go to your iPhone Settings > Privacy & Security and check which apps have access to the mic. You can also go to Tracking and turn off 'Allow Apps to Request to Track.' “If any apps are already tracking you on your iPhone, you can view and turn this off here. “If you are extra cautious, you can disable Apple’s voice assistant Siri in your settings by going to Settings > Siri & Search > where you can turn 'Listen for Siri' off.” For better or for worse, there is generally nothing illegal about using audio information to target advertising. While it is obviously illegal to spy on someone without their consent, most phone users have given their permission for this practice without knowing, according to legal experts. So my advice is to check on your situation and see if your values match your iPhone privacy settings. And to recognize that conversations at home and work may be shared with others if your phone is nearby during conversations or video chats.
By WYATTE GRANTHAM-PHILIPS NEW YORK (AP) — A ransomware attack that hit a major software provider last week caused disruptions for a handful of companies over recent days, from Starbucks to U.K. grocery giant Morrisons. Blue Yonder, which provides supply chain technology to a range of brands worldwide, said that it experienced disruptions to services it manages for customers on Thursday, which the third-party software supplier determined to be “the result of a ransomware incident.” Some systems went offline, impacting clients using Blue Yonder’s software. A spokesperson for Starbucks, for example, said that the chain’s ability to manage barista schedules and track hours was disrupted — meaning store leaders across North America are currently being instructed to use manual workarounds. Starbucks maintained that the outage is not impacting how customers are served and that ensuring workers get paid for all hours worked is a top priority. While the company continues to work towards full recovery, the spokesperson added that Starbucks was able to process payroll again as of Tuesday morning. Two of the U.K.’s biggest grocers, Morrisons and Sainsbury’s, were also affected — with both telling CNN over the weekend that they had turned to contingency plans to keep operations flowing. A spokesperson for Morrisons confirmed to The Associated Press that the outage “impacted our warehouse management systems for fresh and produce” and that it was continuing to operate on back up systems Tuesday. Sainsbury’s, meanwhile, said Tuesday that its service was restored. Related Articles National News | Man found guilty of holding down teen while he was raped at a youth center in 1998 National News | What Black Friday’s history tells us about holiday shopping in 2024 National News | New rule allows HIV-positive organ transplants National News | Walmart becomes latest – and biggest – company to roll back its DEI policies National News | Today in History: November 26, Mumbai terror attacks of 2008 begin Blue Yonder declined to disclose how many of its customers were impacted by the hack. In a statement sent to the AP, a spokesperson maintained that it had notified “relevant customers” and would continue to communicate as needed. The spokesperson also maintained that recovery efforts were still underway — noting that Blue Yonder “has been working diligently together with external cybersecurity firms to make progress,” including the implementation of several defensive and forensic protocols. Blue Yonder’s website touts an extensive global roster of customers — including Gap, Ford and Walgreens. Walgreens and Gap were not impacted following the ransomware attack, spokespeople for the companies said. Ford shared that it was investigating whether the incident affected its operations earlier this week, but had no further updates when reached Tuesday. Blue Yonder, based in Arizona, is a subsidiary of Japan’s Panasonic Corp. Panasonic acquired the supply chain software firm in September 2021.
BEAVERTON, Ore.--(BUSINESS WIRE)--Dec 19, 2024-- NIKE, Inc. (NYSE:NKE) today reported fiscal 2025 financial results for its second quarter ended November 30, 2024. "After an energizing 60 days of being back with my NIKE teammates, our clear priority is to return sport to the center of everything we do," said Elliott Hill, President & CEO, NIKE, Inc. "We're taking immediate action to reposition our business, so we can get back to driving long-term shareholder value. Our team is ready to go, and I'm confident you will see more moments of NIKE being NIKE again." "NIKE's second-quarter financial performance largely met our expectations, as we continue to make progress in shifting our portfolio," said Matthew Friend, Executive Vice President and Chief Financial Officer, NIKE, Inc. "Under Elliott's leadership, we are accelerating our pace and reigniting brand momentum through sport." Second Quarter Income Statement Review November 30, 2024 Balance Sheet Review Shareholder Returns NIKE continues to have a strong track record of consistently increasing returns to shareholders, including 23 consecutive years of increasing dividend payouts. In the second quarter, the Company returned approximately $1.6 billion to shareholders, including: As of November 30, 2024, a total of 112.8 million shares have been repurchased under the program for a total of approximately $11.3 billion. Conference Call NIKE, Inc. management will host a conference call beginning at approximately 2:00 p.m. PT on December 19, 2024, to review fiscal second quarter results. The conference call will be broadcast live via the Internet and can be accessed at https://investors.nike.com . For those unable to listen to the live broadcast, an archived version will be available at the same location through approximately 9:00 p.m. PT, January 10, 2025. About NIKE, Inc. NIKE, Inc., based near Beaverton, Oregon, is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Converse, a wholly-owned NIKE, Inc. subsidiary brand, designs, markets and distributes athletic lifestyle footwear, apparel and accessories. For more information, NIKE, Inc.’s earnings releases and other financial information are available on the Internet at https://investors.nike.com . Individuals can also visit https://news.nike.com and follow @NIKE. Forward-Looking Statements This press release contains forward-looking statements, which involve risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties are detailed from time to time in reports filed by NIKE with the U.S. Securities and Exchange Commission (SEC), including Forms 8-K, 10-Q and 10-K. * Non-GAAP financial measure. See additional information in the accompanying Divisional Revenues. NIKE, Inc. CONSOLIDATED STATEMENTS OF INCOME (Unaudited) THREE MONTHS ENDED % SIX MONTHS ENDED % (In millions, except per share data) 11/30/2024 11/30/2023 Change 11/30/2024 11/30/2023 Change Revenues $ 12,354 $ 13,388 -8 % $ 23,943 $ 26,327 -9 % Cost of sales 6,965 7,417 -6 % 13,297 14,636 -9 % Gross profit 5,389 5,971 -10 % 10,646 11,691 -9 % Gross margin 43.6 % 44.6 % 44.5 % 44.4 % Demand creation expense 1,122 1,114 1 % 2,348 2,183 8 % Operating overhead expense 2,883 3,032 -5 % 5,705 6,079 -6 % Total selling and administrative expense 4,005 4,146 -3 % 8,053 8,262 -3 % % of revenues 32.4 % 31.0 % 33.6 % 31.4 % Interest expense (income), net (24 ) (22 ) — (67 ) (56 ) — Other (income) expense, net (8 ) (75 ) — (63 ) (85 ) — Income before income taxes 1,416 1,922 -26 % 2,723 3,570 -24 % Income tax expense 253 344 -26 % 509 542 -6 % Effective tax rate 17.9 % 17.9 % 18.7 % 15.2 % NET INCOME $ 1,163 $ 1,578 -26 % $ 2,214 $ 3,028 -27 % Earnings per common share: Basic $ 0.78 $ 1.04 -25 % $ 1.48 $ 1.99 -26 % Diluted $ 0.78 $ 1.03 -24 % $ 1.48 $ 1.97 -25 % Weighted average common shares outstanding: Basic 1,486.8 1,520.8 1,492.3 1,524.6 Diluted 1,490.0 1,532.1 1,495.9 1,537.7 Dividends declared per common share $ 0.400 $ 0.370 $ 0.770 $ 0.710 NIKE, Inc. CONSOLIDATED BALANCE SHEETS (Unaudited) November 30, November 30, % Change (Dollars in millions) 2024 2023 ASSETS Current assets: Cash and equivalents $ 7,979 $ 7,919 1 % Short-term investments 1,782 2,008 -11 % Accounts receivable, net 5,302 4,782 11 % Inventories 7,981 7,979 0 % Prepaid expenses and other current assets 1,936 1,943 0 % Total current assets 24,980 24,631 1 % Property, plant and equipment, net 4,857 5,153 -6 % Operating lease right-of-use assets, net 2,736 2,943 -7 % Identifiable intangible assets, net 259 269 -4 % Goodwill 240 281 -15 % Deferred income taxes and other assets 4,887 3,926 24 % TOTAL ASSETS $ 37,959 $ 37,203 2 % LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Current portion of long-term debt $ 1,000 $ — 100 % Notes payable 49 6 717 % Accounts payable 3,255 2,709 20 % Current portion of operating lease liabilities 481 456 5 % Accrued liabilities 5,694 5,470 4 % Income taxes payable 767 358 114 % Total current liabilities 11,246 8,999 25 % Long-term debt 7,973 8,930 -11 % Operating lease liabilities 2,562 2,785 -8 % Deferred income taxes and other liabilities 2,141 2,343 -9 % Redeemable preferred stock — — — Shareholders’ equity 14,037 14,146 -1 % TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 37,959 $ 37,203 2 % NIKE, Inc. DIVISIONAL REVENUES (Unaudited) % Change Excluding Currency Changes 1 % Change Excluding Currency Changes 1 THREE MONTHS ENDED SIX MONTHS ENDED (Dollars in millions) 11/30/2024 11/30/2023 % Change 11/30/2024 11/30/2023 % Change North America Footwear $ 3,236 $ 3,757 -14 % -14 % $ 6,448 $ 7,490 -14 % -14 % Apparel 1,693 1,668 1 % 1 % 3,024 3,147 -4 % -4 % Equipment 250 200 25 % 25 % 533 411 30 % 30 % Total 5,179 5,625 -8 % -8 % 10,005 11,048 -9 % -9 % Europe, Middle East & Africa Footwear 1,982 2,186 -9 % -12 % 3,934 4,446 -12 % -12 % Apparel 1,136 1,200 -5 % -8 % 2,129 2,337 -9 % -10 % Equipment 185 181 2 % -1 % 383 394 -3 % -4 % Total 3,303 3,567 -7 % -10 % 6,446 7,177 -10 % -11 % Greater China Footwear 1,203 1,361 -12 % -14 % 2,449 2,648 -8 % -8 % Apparel 472 469 1 % -3 % 832 870 -4 % -6 % Equipment 36 33 9 % 9 % 96 80 20 % 21 % Total 1,711 1,863 -8 % -11 % 3,377 3,598 -6 % -7 % Asia Pacific & Latin America Footwear 1,234 1,303 -5 % -4 % 2,286 2,444 -6 % -3 % Apparel 437 437 0 % 0 % 785 808 -3 % -1 % Equipment 73 65 12 % 10 % 135 125 8 % 10 % Total 1,744 1,805 -3 % -2 % 3,206 3,377 -5 % -2 % Global Brand Divisions 2 13 12 8 % -2 % 27 25 8 % 9 % TOTAL NIKE BRAND 11,950 12,872 -7 % -8 % 23,061 25,225 -9 % -9 % Converse 429 519 -17 % -18 % 930 1,107 -16 % -16 % Corporate 3 (25 ) (3 ) — — (48 ) (5 ) — — TOTAL NIKE, INC. REVENUES $ 12,354 $ 13,388 -8 % -9 % $ 23,943 $ 26,327 -9 % -9 % TOTAL NIKE BRAND Footwear $ 7,655 $ 8,607 -11 % -12 % $ 15,117 $ 17,028 -11 % -11 % Apparel 3,738 3,774 -1 % -2 % 6,770 7,162 -5 % -6 % Equipment 544 479 14 % 12 % 1,147 1,010 14 % 13 % Global Brand Divisions 2 13 12 8 % -2 % 27 25 8 % 9 % TOTAL NIKE BRAND REVENUES $ 11,950 $ 12,872 -7 % -8 % $ 23,061 $ 25,225 -9 % -9 % 1 The percent change has been calculated using actual exchange rates in use during the comparative prior year period and is provided to enhance the visibility of the underlying business trends by excluding the impact of translation arising from foreign currency exchange rate fluctuations, which is considered a non-GAAP financial measure. Management uses this non-GAAP financial measure when evaluating the Company's performance, including when making financial and operating decisions. Additionally, management believes this non-GAAP financial measure provides investors with additional financial information that should be considered when assessing the Company's underlying business performance and trends. References to this measure should not be considered in isolation or as a substitute for other financial measures calculated and presented in accordance with U.S. GAAP and may not be comparable to similarly titled non-GAAP measures used by other companies. 2 Global Brand Divisions revenues include NIKE Brand licensing and other miscellaneous revenues that are not part of a geographic operating segment. 3 Corporate revenues primarily consist of foreign currency hedge gains and losses related to revenues generated by entities within the NIKE Brand geographic operating segments and Converse, but managed through the Company's central foreign exchange risk management program. NIKE, Inc. EARNINGS BEFORE INTEREST AND TAXES 1 (Unaudited) THREE MONTHS ENDED % SIX MONTHS ENDED % (Dollars in millions) 11/30/2024 11/30/2023 Change 11/30/2024 11/30/2023 Change North America $ 1,371 $ 1,526 -10 % $ 2,587 $ 2,960 -13 % Europe, Middle East & Africa 831 927 -10 % 1,623 1,857 -13 % Greater China 375 514 -27 % 877 1,039 -16 % Asia Pacific & Latin America 460 521 -12 % 862 935 -8 % Global Brand Divisions 2 (1,133 ) (1,168 ) 3 % (2,360 ) (2,373 ) 1 % TOTAL NIKE BRAND 1 1,904 2,320 -18 % 3,589 4,418 -19 % Converse 53 115 -54 % 174 282 -38 % Corporate 3 (565 ) (535 ) -6 % (1,107 ) (1,186 ) 7 % TOTAL NIKE, INC. EARNINGS BEFORE INTEREST AND TAXES 1 1,392 1,900 -27 % 2,656 3,514 -24 % EBIT margin 1 11.3 % 14.2 % 11.1 % 13.3 % Interest expense (income), net (24 ) (22 ) — (67 ) (56 ) — TOTAL NIKE, INC. INCOME BEFORE INCOME TAXES $ 1,416 $ 1,922 -26 % $ 2,723 $ 3,570 -24 % 1 The Company evaluates the performance of individual operating segments based on earnings before interest and taxes (commonly referred to as "EBIT"), which represents Net income before Interest expense (income), net and Income tax expense. Total NIKE Brand EBIT, Total NIKE, Inc. EBIT and EBIT margin are considered non-GAAP financial measures. Management uses these non-GAAP financial measures when evaluating the Company's performance, including when making financial and operating decisions. Additionally, management believes these non-GAAP financial measures provide investors with additional financial information that should be considered when assessing the Company’s underlying business performance and trends. EBIT margin is calculated as total NIKE, Inc. EBIT divided by total NIKE, Inc. Revenues. References to EBIT and EBIT margin should not be considered in isolation or as a substitute for other financial measures calculated and presented in accordance with U.S. GAAP and may not be comparable to similarly titled non-GAAP measures used by other companies. 2 Global Brand Divisions primarily represent demand creation and operating overhead expense, including product creation and design expenses that are centrally managed for the NIKE Brand, as well as costs associated with NIKE Direct global digital operations and enterprise technology. Global Brand Divisions revenues include NIKE Brand licensing and other miscellaneous revenues that are not part of a geographic operating segment. 3 Corporate consists primarily of unallocated general and administrative expenses, including expenses associated with centrally managed departments; depreciation and amortization related to the Company’s corporate headquarters; unallocated insurance, benefit and compensation programs, including stock-based compensation; and certain foreign currency gains and losses, including certain hedge gains and losses. View source version on businesswire.com : https://www.businesswire.com/news/home/20241219682756/en/ CONTACT: Investor Contact: Paul Trussell investor.relations@nike.comMedia Contact: Virginia Rustique-Petteni media.relations@nike.com KEYWORD: OREGON UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: FASHION FOOTWEAR RETAIL SPORTS DEPARTMENT STORES GENERAL SPORTS SOURCE: NIKE, Inc. Copyright Business Wire 2024. PUB: 12/19/2024 04:15 PM/DISC: 12/19/2024 04:15 PM http://www.businesswire.com/news/home/20241219682756/enFaraday Future to Give FX Business Update and Show First FX Prototype Mules in Las Vegas, NV from January 5-7Gaetz withdraws as Trump's pick for attorney general, averting confirmation battle in the Senate
FORT LAUDERDALE, Fla. (AP) — Republican senators pushed back on Sunday against criticism from Democrats that Tulsi Gabbard , Donald Trump's pick to lead U.S. intelligence services , is “compromised” by her comments supportive of Russia and secret meetings , as a congresswoman, with Syria’s president, a close ally of the Kremlin and Iran. Sen. Tammy Duckworth, D-Illinois, a veteran of combat missions in Iraq, said she had concerns about Tulsi Gabbard, Trump's choice to be director of national intelligence . “I think she’s compromised," Duckworth said on CNN’s “State of the Union," citing Gabbard's 2017 trip to Syria, where she held talks with Syrian President Bashar Assad. Gabbard was a Democratic House member from Hawaii at the time. “The U.S. intelligence community has identified her as having troubling relationships with America’s foes. And so my worry is that she couldn’t pass a background check,” Duckworth said. Gabbard, who said last month she is joining the Republican party, has served in the Army National Guard for more than two decades. She was deployed to Iraq and Kuwait and, according to the Hawaii National Guard, received a Combat Medical Badge in 2005 for “participation in combat operations under enemy hostile fire in support of Operation Iraqi Freedom III." Duckworth's comments drew immediate backlash from Republicans. “For her to say ridiculous and outright dangerous words like that is wrong," Sen. Markwayne Mullin, R-Oklahoma, said on CNN, challenging Duckworth to retract her words. “That’s the most dangerous thing she could say — is that a United States lieutenant colonel in the United States Army is compromised and is an asset of Russia.” In recent days, other Democrats have accused Gabbard without evidence of being a “Russian asset.” Sen. Elizabeth Warren, a Massachusetts Democrat, has claimed, without offering details, that Gabbard is in Russian President Vladimir “Putin’s pocket.” Mullin and others say the criticism from Democrats is rooted in the fact that Gabbard left their party and has become a Trump ally. Democrats say they worry that Gabbard's selection as national intelligence chief endangers ties with allies and gives Russia a win. Rep. Adam Schiff, a California Democrat just elected to the Senate, said he would not describe Gabbard as a Russian asset, but said she had “very questionable judgment.” “The problem is if our foreign allies don’t trust the head of our intelligence agencies, they’ll stop sharing information with us,” Schiff said on NBC's “Meet the Press.” Gabbard in 2022 endorsed one of Russia’s justifications for invading Ukraine : the existence of dozens of U.S.-funded biolabs working on some of the world’s nastiest pathogens. The labs are part of an international effort to control outbreaks and stop bioweapons, but Moscow claimed Ukraine was using them to create deadly bioweapons. Gabbard said she just voiced concerns about protecting the labs. Sen. Eric Schmitt, R-Missouri, said he thought it was “totally ridiculous” that Gabbard was being cast as a Russian asset for having different political views. “It’s insulting. It’s a slur, quite frankly. There’s no evidence that she’s a asset of another country,” he said on NBC. Sen. James Lankford, another Oklahoma Republican, acknowledged having “lots of questions” for Gabbard as the Senate considers her nomination to lead the intelligence services. Lankford said on NBC that he wants to ask Gabbard about her meeting with Assad and some of her past comments about Russia. “We want to know what the purpose was and what the direction for that was. As a member of Congress, we want to get a chance to talk about past comments that she’s made and get them into full context,” Lankford said.
Women entrepreneurs are essential for the Canadian economy, a fact recognized by the government’s . This strategy was launched in 2018 and has seen nearly $7 billion be put toward supporting women-owned businesses in Canada. Although women in Canada engage in entrepreneurship more than in other comparable countries, there is still a significant . Only 15 per cent of women are engaged in startups and seven per cent are owner-managers of established businesses, compared to 24 per cent and nine per cent of men, respectively. If women participated in entrepreneurship as much as men, global GDP would rise by . This is not just about economic growth, but is a broader ethical and societal issue. By limiting women’s entrepreneurial participation, we are also limiting women’s opportunities for employment, empowerment and the promotion of gender equality more broadly. To make entrepreneurship more gender-inclusive, it’s important to confront the underlying biases that create barriers for women. As experts and researchers in entrepreneurship, we’ve identified five common misconceptions about women and entrepreneurship that need to be challenged. The first misconception is that women are not motivated to become entrepreneurs. This misconception partly arises from the gendered language that is often used to describe entrepreneurship. Entrepreneurial language tends to be masculine, using terms like “risk-takers,” “achievement-oriented” and “confident,” which are all characteristics . This perceived mismatch may contribute to the belief that women are less motivated to pursue entrepreneurship. While women are less likely than men to start a business, in reality, there is strong entrepreneurial motivation among women. Women make up 37 per cent of in Canada. The second misconception is that women are not successful entrepreneurs. This has to do with traditional measures of success, which focus on business size, profitability and growth rate. Relative to men, , but this does not necessarily mean they underperform. First, small businesses — regardless of the owner’s gender — have limited profitability and growth in general. Second, women are more likely to be part-time entrepreneurs because they often have to balance business ownership with family and household responsibilities. And third, . These factors explain the lower performance levels for women entrepreneurs, which are influenced by socially constructed and historical factors, not an inability to be successful. The third misconception is that women entrepreneurs are not capable of securing business funding. While women entrepreneurs are , this is not because of lack of capabilities. Instead, women are less likely to ask for financial funding, either because they don’t require it or because they’re discouraged from applying due to fear of rejection. When women do seek financial backing, they’re usually asked , which affects their outcomes. Finance providers tend to ask women questions that focus on potential failures, while they ask men about potential success. Since the framing of questions influences their responses, women’s answers — which are often focused on preventing failure — instil less confidence and lead to less funding. The fourth misconception is that women are risk averse, preventing them from becoming entrepreneurs. There is some research that points to this misconception being true; , for instance, found that women exhibit higher levels of risk aversion when making financial decisions compared to men. However, most women are not inherently risk-averse. This perception is likely a result of how women are socialized according to cultural norms and expectations. Women are often , while men are expected to be more competitive and risk-taking. The way we define and understand “risk” may also contribute to this misconception. Success stories about entrepreneurs often focus on financial risk — something more commonly associated with men. Less attention is given to the risks women are more likely to take, such as standing up for their beliefs or choosing the ethical route when faced with a dilemma, even if it might result in lower financial success. The fifth misconception is that women fail to build the right networks as entrepreneurs. Research shows , such as through professional associations, while men typically have a mix of both formal and informal connections. Formal mentoring often offers fewer career development benefits compared to informal connections. Women are less likely to engage in informal mentoring, not because they lack interest or ability, but because there are fewer women entrepreneurs to connect with. Despite this, in supporting others’ careers, both men and women. These misconceptions about women entrepreneurs are rooted in the historically masculine nature of entrepreneurship and can be barriers to women becoming successful entrepreneurs. By challenging these stereotypes and promoting gender inclusivity in entrepreneurship, we can help remove obstacles and create a more supportive environment for women entrepreneurs.
DELL Technologies reported worse-than-expected sales after a budding revival in the personal computer (PC) market stalled out. Fiscal third-quarter revenue increased 10 per cent to US$24.4 billion. Analysts, on average, estimated US$24.6 billion, according to data compiled by Bloomberg. Dell’s personal computer business declined 1 per cent to US$12.1 billion, falling short of estimates. The PC market had seen a historic decline in recent years after a burst of demand for new laptops in the early months of the pandemic when students and corporate employees were stuck at home. While signs of a rebound began to materialise this year, shipments again dipped in the third quarter, industry analyst IDC said in October. Dell is best known for its computer business, but the Round Rock, Texas-based company has enjoyed a renaissance of investor interest due to its high-powered servers for artificial intelligence (AI) workloads. Earlier this month, Dell announced it was shipping servers with Nvidia’s new Blackwell semiconductors to cloud infrastructure provider CoreWeave. Sales in the infrastructure unit including servers rose 34 per cent to US$11.4 billion in the period ended Nov 1, the company said on Tuesday (Nov 26). That’s just ahead of the US$11.3 billion anticipated by analysts. Dell shipped US$2.9 billion in AI-optimised servers in the quarter, according to remarks prepared for the company’s earnings call. That topped analysts’ average estimate of US$2.8 billion. “AI is a robust opportunity for us with no signs of slowing down,” chief operating officer Jeff Clarke said. He touted orders of AI servers in the quarter hitting US$3.6 billion and growth “across all customer types”. The shares dropped about 5 per cent in extended trading after closing at US$141.74 in New York. The stock has gained 85 per cent this year largely due to its new AI server business line. Investors’ expectations for Dell were high heading into earnings, wrote Erik Woodring, an analyst at Morgan Stanley. BLOOMBERGJowell Global Ltd. Announces First Half 2024 Unaudited Financial Results
Taralyn Romero thought she had found paradise. The dream-like home was located in Kittredge, Colorado, next to Bear Creek. The land was surrounded by towering trees, and a tranquil brook flowed through it. When she moved in with her partner and his children in March 2021, the ground was covered in snow. But Romero's experience altered with the seasons. What began as a peaceful getaway descended into a heated argument with county authorities and residents. The cause of the dispute? Access to the neighboring acreage and the brook. A Rural Dream in Kittredge Romero, who was born in Colorado, had relocated to the mountains amid the COVID-19 outbreak. She fled Denver in search of peace and quiet. She chose to stay and buy the house in Kittredge, a small unincorporated village of little over 1,300 people, after renting in the region. At first, her land was solely visited by wildlife. However, the area of Bear Creek that abutted her property was used by anglers when the snow melted. By summer, Kittredge Park, which was close by, was attracting large numbers of people. Families played in the water, had picnics, and floated on the creek. They frequently ruined the countryside and left behind garments and rubbish. “No trespassing” signs and polite requests went largely ignored. Dispute Over Property Lines Romero's efforts to set limits swiftly became more intense. Some guests acknowledged intentionally trespassing, but others asserted that the public has always had access to the creek and the surrounding area. Officials in Jefferson County admitted that there were ambiguities surrounding the property borders, which made issues more complicated. They hypothesized that since the original plat plan was created in 1920, the creek's path may have changed. Romero explained her stance during a community gathering. Signs allowing "residents and invited guests only" only applied to Kittredge residents, she clarified. Some neighborhood members objected, though, and one lawyer even thought about filing a lawsuit to keep public access. Confrontations and Escalation Romero reported contacts with locals that were more antagonistic. There was verbal abuse directed at her and maps flung in her face. She claims that several tourists come to start arguments rather than to appreciate the creek. She decided to fence off her land and put up more stringent signs as a result of her displeasure. Tensions were heightened by this move. Conflicts erupted on social media sites like Facebook as locals accused her of destroying a beloved communal area. The criticism on the internet extended beyond Kittredge. Romero was criticized by people all around the nation for being cruel and too territorial. Concerns Over Safety and Liability Romero stated that her main reasons were liability and safety. She was concerned about drownings, injuries, and even legal consequences. She also bemoaned the harm that the people were doing to the environment. She attempted to share the space and mediate during her first summer, but the lack of collaboration prompted her to impose more stringent rules. She stated that at first, her family, who were new to the close-knit neighborhood, had intended to blend in and establish friends. A Public Battle with the Government Romero's struggle included confrontations with local authorities. She believed the county did not offer sufficient clarification or assistance. Romero described the situation as a "frenzy" when the disagreement had boiled over by the second summer. She persisted in claiming her property rights, stressing the need of deference and boundary observance. However, the conflict brought to light more general conflicts in small towns over how to balance private property with public access. Get Latest News Live on Times Now along with Breaking News and Top Headlines from US Buzz, World and around the world.Thrivent Financial for Lutherans lifted its position in shares of iShares MSCI United Kingdom ETF ( NYSEARCA:EWU – Free Report ) by 15.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 130,229 shares of the company’s stock after purchasing an additional 17,341 shares during the quarter. Thrivent Financial for Lutherans’ holdings in iShares MSCI United Kingdom ETF were worth $4,872,000 as of its most recent SEC filing. Other hedge funds have also modified their holdings of the company. Lynx Investment Advisory acquired a new stake in iShares MSCI United Kingdom ETF in the 2nd quarter valued at $30,000. Private Ocean LLC bought a new stake in iShares MSCI United Kingdom ETF during the second quarter worth about $52,000. Syntrinsic LLC boosted its position in iShares MSCI United Kingdom ETF by 37.0% during the second quarter. Syntrinsic LLC now owns 1,885 shares of the company’s stock valued at $66,000 after purchasing an additional 509 shares during the last quarter. Whittier Trust Co. boosted its position in iShares MSCI United Kingdom ETF by 83.2% during the third quarter. Whittier Trust Co. now owns 1,832 shares of the company’s stock valued at $69,000 after purchasing an additional 832 shares during the last quarter. Finally, Toronto Dominion Bank grew its stake in iShares MSCI United Kingdom ETF by 75,000.0% in the second quarter. Toronto Dominion Bank now owns 3,004 shares of the company’s stock valued at $105,000 after purchasing an additional 3,000 shares in the last quarter. iShares MSCI United Kingdom ETF Stock Up 0.6 % Shares of iShares MSCI United Kingdom ETF stock opened at $35.17 on Friday. The stock has a market cap of $2.74 billion, a P/E ratio of 12.86 and a beta of 0.68. iShares MSCI United Kingdom ETF has a 12-month low of $31.51 and a 12-month high of $37.88. The business’s 50 day moving average is $36.29 and its 200-day moving average is $36.08. iShares MSCI United Kingdom ETF Profile The iShares MSCI United Kingdom ETF (EWU) is an exchange-traded fund that is based on the MSCI United Kingdom index. The fund tracks a market cap-weighted index of British companies. It covers the top 85% of British companies by market cap. EWU was launched on Mar 12, 1996 and is managed by BlackRock. See Also Want to see what other hedge funds are holding EWU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI United Kingdom ETF ( NYSEARCA:EWU – Free Report ). Receive News & Ratings for iShares MSCI United Kingdom ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares MSCI United Kingdom ETF and related companies with MarketBeat.com's FREE daily email newsletter .
By LINDSEY BAHR Do you have a someone in your life who plays Vulture’s Cinematrix game every morning? Or maybe they have the kitchen television turned to Turner Classic Movies all day and make a point of organizing Oscar polls at work? Hate to break it to you: They might be a hard-to-please cinephile. But while you might not want to get into a winless debate over the “Juror No. 2” release or the merits of “Megalopolis” with said person, they don’t have to be hard to buy gifts for. The Associated Press has gathered up some of the best items out there to keep any movie lover stylish and informed. While Christopher Nolan dreams up his next film, fans can tide themselves over by revisiting his modern classic “Interstellar,” which will be back in IMAX theaters on the weekend of Dec. 6, followed by the home release of a new collector’s edition on 4K Ultra HD and Blu-ray ($59.95). A third disc in the set, available Dec. 10, contains more than two hours of bonus content, like a never-before-seen storyboard sequence, and new interviews with Nolan, producer Emma Thomas and famous fans Peter Jackson and Denis Villeneuve . Elaine May does not give interviews anymore. But thankfully that didn’t deter writer Carrie Courogen, who did a remarkable job stitching together the life of one of our culture’s most fascinating, and prickly, talents. “Miss May Does Not Exist” is full of delightful anecdotes about the sharp and satirical comedian who gained fame as one half of Nichols and May and went on to direct films like “The Heartbreak Kid” and “Mikey and Nicky.” Courogen writes about May’s successes, flops and her legendary scuffles with the Hollywood establishment. It’s a vital companion to Mark Harris’ biography of Mike Nichols . Macmillan. $30. The Academy Museum of Motion Pictures has an exclusive new “Matrix” sweatshirt for sale in conjunction with its Cyberpunk exhibition. Brain Dead Studios designed and created several items, including the black hoodie ($140), a white rabbit tee ($54) and a pint glass ($18). If you can’t make it to Los Angeles to check out the “Color in Motion” exhibit for yourself, the Academy Museum also has a beautiful new companion book for sale ($55) charting the development of color technology in film and its impact. It includes photos from films like “The Red Shoes,” “Vertigo,” “2001: A Space Odyssey,” and images of rare prints from the silent era. The Academy Museum Store is having a sale (20% off everything) from Nov. 28 to Dec. 2. Related Articles Things to Do | US airports with worst weather delays during holiday season Things to Do | The right book can inspire the young readers in your life, from picture books to YA novels Things to Do | These holiday gifts change the game when building fires, printing photos, watching birds and more Things to Do | ‘Gladiator II’ review: Are you not moderately entertained? Things to Do | Beer pairings for your holiday feasts Want to look like a real film festival warrior, the kind who sees five movies a day, files a review and still manages to make the late-night karaoke party? You’re going to need the ultimate status tote from the independent streaming service MUBI . Simple, to-the-point and only for people in the know. $25. Film magazines may be an endangered species, but print is not dead at The Metrograph . Manhattan’s coolest movie theater is starting a biannual print publication “for cinephiles and cultural connoisseurs alike.” The first issue’s cover art is by cinematographer Ed Lachman (“Carol”), and contributors include the likes of Daniel Clowes, Ari Aster, Steve Martin and Simon Rex. There’s also a conversation with Clint Eastwood. It’s currently available for pre-order and will be in bookstores Dec. 10 for $25 ($15 for Metrograph members). This is not a book about filmmaking styles, camera angles and leadership choices. It’s literally about what directors wear. “How Directors Dress: On Set, in the Edit, and Down the Red Carpet” ($40) has over 200 archival photos of filmmakers in action: Spike Lee in his basketball caps, Sofia Coppola in her Charvet button-ups, Steven Spielberg’s denim on denim and many more. With a forward by the always elegant Joanna Hogg and writing from some of the top fashion journalists, it’s a beautiful look at how filmmakers really dress for work — and might even be a source of inspiration.