Marvell forecasts fourth-quarter revenue above estimates on strong AI-backed demandAlgert Global LLC boosted its holdings in CoreCivic, Inc. ( NYSE:CXW – Free Report ) by 348.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,883 shares of the real estate investment trust’s stock after purchasing an additional 39,530 shares during the quarter. Algert Global LLC’s holdings in CoreCivic were worth $644,000 at the end of the most recent quarter. Several other institutional investors have also recently added to or reduced their stakes in CXW. River Road Asset Management LLC lifted its position in shares of CoreCivic by 0.5% in the 3rd quarter. River Road Asset Management LLC now owns 8,611,640 shares of the real estate investment trust’s stock worth $108,937,000 after buying an additional 40,365 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in CoreCivic by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,481,315 shares of the real estate investment trust’s stock worth $31,389,000 after acquiring an additional 35,591 shares during the period. abrdn plc lifted its holdings in CoreCivic by 8.7% in the third quarter. abrdn plc now owns 1,031,400 shares of the real estate investment trust’s stock worth $13,047,000 after acquiring an additional 82,500 shares during the last quarter. Lee Danner & Bass Inc. acquired a new position in CoreCivic in the second quarter valued at approximately $6,818,000. Finally, Nisa Investment Advisors LLC grew its holdings in shares of CoreCivic by 85.8% during the second quarter. Nisa Investment Advisors LLC now owns 400,896 shares of the real estate investment trust’s stock valued at $5,204,000 after purchasing an additional 185,075 shares during the last quarter. Institutional investors own 85.13% of the company’s stock. Insider Buying and Selling In related news, CFO David Garfinkle sold 50,000 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $24.20, for a total value of $1,210,000.00. Following the completion of the sale, the chief financial officer now owns 276,528 shares of the company’s stock, valued at $6,691,977.60. This represents a 15.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website . Also, EVP Anthony L. Grande sold 26,000 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $22.18, for a total transaction of $576,680.00. Following the completion of the transaction, the executive vice president now owns 127,380 shares of the company’s stock, valued at $2,825,288.40. This represents a 16.95 % decrease in their position. The disclosure for this sale can be found here . Insiders sold 110,000 shares of company stock valued at $2,490,520 in the last three months. 1.89% of the stock is currently owned by corporate insiders. Wall Street Analysts Forecast Growth View Our Latest Analysis on CXW CoreCivic Price Performance Shares of NYSE:CXW opened at $22.33 on Friday. The firm’s 50 day moving average is $16.36 and its two-hundred day moving average is $14.55. The firm has a market capitalization of $2.46 billion, a P/E ratio of 33.33 and a beta of 0.86. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.66. CoreCivic, Inc. has a 52 week low of $10.74 and a 52 week high of $24.99. CoreCivic Company Profile ( Free Report ) CoreCivic, Inc owns and operates partnership correctional, detention, and residential reentry facilities in the United States. It operates through three segments: CoreCivic Safety, CoreCivic Community, and CoreCivic Properties. The company provides a range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America’s recidivism crisis, and government real estate solutions. Featured Stories Want to see what other hedge funds are holding CXW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CoreCivic, Inc. ( NYSE:CXW – Free Report ). Receive News & Ratings for CoreCivic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoreCivic and related companies with MarketBeat.com's FREE daily email newsletter .What a late-life crisis looks like and what you can do about it
UN human rights watchdog opens investigation into Venezuela presidential electionConcerns have also been raised about the “renormalisation” of smoking. Dr Rachel O’Donnell, senior research fellow at the University of Stirling’s Institute for Social Marketing and Health, said restrictions on smoking in outdoor places can “reinforce” a message that smoking “isn’t a socially acceptable thing to do” and could also help smokers to kick the habit. In November, it emerged that the UK Government is to scrap plans to ban smoking in the gardens of pubs and restaurants in England. Health Secretary Wes Streeting said the hospitality industry has “taken a real battering in recent years” and it is not “the right time” to ban smoking outside pubs. But smoking and vaping could be banned in other public places in England – such as in playgrounds or outside of schools – under the Tobacco and Vapes Bill. According to the World Health Organisation, there is no safe level of second-hand smoke exposure. In a briefing for journalists, Dr O’Donnell said decision-making “should be on the basis of all the evidence that’s available”. She added: “Any debate about legislation on smoking in outdoor settings shouldn’t only focus on air quality and second-hand smoke exposure levels, because the impacts of restrictions in outdoor settings are also evident on our social norms.” Smoke-free outdoor environments “reinforce smoke-free as the acceptable norm”, she said. “This, I think, is a critically important point at a time where in the media, over the last year, we’ve seen various reports and questions as to whether we might be on the cusp of renormalisation of smoking for various reasons, and so smoke-free public environments still have a critically important role to play. “If you reduce opportunities to smoke, it can also help individuals who smoke themselves to reduce the amount they smoke or to make a quit attempt.” Dr O’Donnell said visibility of tobacco products and smoking is a “form of marketing for tobacco companies” as she pointed to studies highlighting the increasing number of tobacco depictions on screen. She went on: “The more often young adults observe smoking around them, the more likely they are to believe that smoking is socially acceptable, which feeds back into this idea of renormalisation of smoking. “So, restrictions on smoking in outdoor public places have other positive knock-on effects, potentially for young people as well, just sending out that clear message that this isn’t a socially acceptable thing to do and see, and this could help to discourage smoking initiation among young people at quite a critical time.” On being exposed to second-hand smoke at work, she added: “I think sometimes when we think about exposure to second-hand smoke in outdoor settings, in pubs, in restaurants, we think about that sort of occasional customer exposure, the nuisance element of it when people are out enjoying a meal with friends, but we also need to be reminded that this is a repeated occupational exposure for those who are working in hospitality and serving drinks and food. “Now, as we’ve already seen, concentrations of second-hand smoke in these settings are generally low, and they’re likely to present a low risk to health for most healthy people. “But ... there’s no safe level of exposure to second-hand smoke, and so any individual with pre-existing heart, lung or respiratory conditions may be particularly vulnerable even to low levels of exposure. “We know that second-hand smoke is its known carcinogen, and on that basis those exposed in the hospitality sector have a right to be protected. “On that basis, there’s a need to protect them, as there is anybody in any workplace setting from second-hand smoke exposure in all areas of workplaces and spaces.” Sean Semple, professor of exposure science at the University of Stirling’s Institute for Social Marketing and Health, said: “I think that if I were a policy-maker, which I am not, then I would be looking at those occupational exposures as well. “I have asthma, if I was being occupationally exposed to SHS (second-hand smoke), and knowing that I was one of a very small number of workers now being legally exposed to SHS in the workplace, then I might not be very happy about that.” A Department of Health and Social Care spokesperson said: “As part of our 10 Year Health Plan we are shifting focus from sickness to prevention, including tackling the harms of smoking and passive smoking. “The landmark Tobacco and Vapes Bill is the biggest public health intervention in a generation and will put us on track towards a smoke-free UK.”
The S&P 500 rose 0.2% from its all-time high set on Friday to post a record for the 54th time this year. The Dow Jones Industrial Average fell 128 points, or 0.3%, while the Nasdaq composite gained 1%. Super Micro Computer, a stock that's been on an AI-driven roller coaster, soared 28.7% to lead the market. Following allegations of misconduct and the resignation of its public auditor, the maker of servers used in artificial-intelligence technology said an investigation found no evidence of misconduct by its management or by the company's board. It also said that it doesn't expect to restate its past financials and that it will find a new chief financial officer, appoint a general counsel and make other moves to strengthen its governance. Big Tech stocks also helped prop up the market. Gains of 1.8% for Microsoft and 3.2% for Meta Platforms were the two strongest forces pushing upward on the S&P 500. Intel was another propellant during the morning, but it lost an early gain to fall 0.5% after the chip company said CEO Pat Gelsinger has retired and stepped down from the board. Intel is looking for Gelsinger's replacement, and its chair said it's "committed to restoring investor confidence." Intel recently lost its spot in the Dow Jones Industrial Average to Nvidia, which has skyrocketed in Wall Street's frenzy around AI. Stellantis, meanwhile, skidded following the announcement of its CEO's departure. Carlos Tavares steps down after nearly four years in the top spot of the automaker, which owns car brands like Jeep, Citroën and Ram, amid an ongoing struggle with slumping sales and an inventory backlog at dealerships. The world's fourth-largest automaker's stock fell 6.3% in Milan. The majority of stocks in the S&P 500 likewise fell, including California utility PG&E. It dropped 5% after saying it would sell $2.4 billion of stock and preferred shares to raise cash. Retailers were mixed amid what's expected to be the best Cyber Monday on record and coming off Black Friday. Target, which recently gave a forecast for the holiday season that left investors discouraged, fell 1.2%. Walmart, which gave a more optimistic forecast, rose 0.2%. Amazon, which looks to benefit from online sales from Cyber Monday, climbed 1.4%. All told, the S&P 500 added 14.77 points to 6,047.15. The Dow fell 128.65 to 44,782.00, and the Nasdaq composite climbed 185.78 to 19,403.95. The stock market largely took Donald Trump's latest threat on tariffs in stride. The president-elect on Saturday threatened 100% tariffs against a group of developing economies if they act to undermine the U.S. dollar. Trump said he wants the group, headlined by Brazil, Russia, India and China, to promise it won't create a new currency or otherwise try to undercut the U.S. dollar. The dollar has long been the currency of choice for global trade. Speculation has also been around a long time that other currencies could knock it off its mantle, but no contender has come close. The U.S. dollar's value rose Monday against several other currencies, but one of its strongest moves likely had less to do with the tariff threats. The euro fell amid a political battle in Paris over the French government's budget. The euro sank 0.7% against the U.S. dollar and broke below $1.05. In the bond market, Treasury yields gave up early gains to hold relatively steady. The yield on the 10-year Treasury climbed above 4.23% during the morning before falling back to 4.19%. That was just above its level of 4.18% late Friday. A report in the morning showed the U.S. manufacturing sector contracted again last month, but not by as much as economists expected. This upcoming week will bring several big updates on the job market, including the October job openings report, weekly unemployment benefits data and the all-important November jobs report. They could steer the next moves for Federal Reserve, which recently began pulling interest rates lower to give support to the economy. Economists expect Friday's headliner report to show U.S. employers accelerated their hiring in November, coming off October's lackluster growth that was hampered by damaging hurricanes and strikes. "We now find ourselves in the middle of this Goldilocks zone, where economic health supports earnings growth while remaining weak enough to justify potential Fed rate cuts," according to Mark Hackett, chief of investment research at Nationwide. In financial markets abroad, Chinese stocks led gains worldwide as monthly surveys showed improving conditions for manufacturing, partly driven by a surge in orders ahead of Trump's inauguration next month. Both official and private sector surveys of factory managers showed strong new orders and export orders, possibly partly linked to efforts by importers in the U.S. to beat potential tariff hikes by Trump once he takes office. Indexes rose 0.7% in Hong Kong and 1.1% in Shanghai.
SEOUL, South Korea — South Korean President Yoon Suk Yeol said he will lift his martial law decree, giving in to the parliament’s opposition, just hours after his dramatic move imposing it Tuesday. Yoon said in a televised address early Wednesday that he will “accept the National Assembly’s demand and lift the martial law through a cabinet meeting,” which he said he had called but its members hadn’t yet arrived. He will immediately lift the martial law when they convene, he said. Yoon, 63, stunned the nation, lawmakers and investors earlier by declaring martial law in a high-stakes move he claimed would prevent the opposition from trying to paralyze his administration amid a political rift that is set to deepen markedly. The South Korean leader’s political future will be put to test after his daring move, which caught even his fellow party members and foreign allies like the U.S. by surprise. “I request the National Assembly to immediately stop the reckless acts of paralyzing the functions of the state through repeated impeachments, legislative manipulation, and budget manipulation,” Yoon said in his earlier televised address. After Yoon announced he would lift the decree, South Korea’s Joint Chiefs of Staff said its troops that had been mobilized for the martial law declaration have returned to their original posts as of 4:22 a.m., Yonhap reported. No unusual activities have been spotted from North Korea, it added. The move was viewed by analysts as a risky political play that was likely to backfire rather than an attempt to return to military-led regimes of the past. With his own government and party kept in the dark alongside the U.S. and other friendly nations, Yoon created a chaotic moment that left him isolated and even further from controlling the political agenda going forward. Early Wednesday morning, 190 lawmakers in the 300-seat parliament unanimously voted to demand the lifting of martial law. The president had said his move was intended to protect freedom and constitutional order, that it wouldn’t have an impact on South Korea’s foreign policy, and that it would help eradicate the influence of North Korean supporters. A proclamation released after the address banned all political activities and strikes and said media would be subject to control of the Martial Law Command. Korean assets were battered during New York trading. The won suffered its sharpest drop since the global financial crisis to hit 1444.65 its lowest in over two years, before paring losses. Samsung Electronics’ London-listed shares fell as much as 7.2% then regained some ground. The finance minister and central bank chief met and promised to provide unlimited liquidity to markets if needed. The Bank of Korea will meet early Wednesday, just a week after a surprise rate cut partly triggered by heightened uncertainty generated by U.S. President-elect Donald Trump’s election victory. Adding to the sense of chaos, the nation’s largest union federation called a general strike in defiance of Yoon’s order. The shock announcement to impose martial law for the first time since the democratization of South Korea in 1987 caught even Yoon’s own party off guard. Han Dong-hoon, leader of Yoon’s People Power Party, condemned the move and vowed to stop it, in a sign of the president’s increasing isolation and his lack of consultation. The move also surprised the White House, prompting Deputy Secretary of State Kurt Campbell to say that the Biden administration was watching the developments with “grave concern.” Yoon’s abrupt decision came after months of wrangling and deadlock in parliament between the president’s minority government and the main opposition Democratic Party, but with little expectation that the president would take such a drastic step. The opposition has been trying to force its budget proposal through parliament and has submitted an impeachment motion against the chief prosecutor after months of also trying to get Yoon’s wife prosecuted. Adding to the fractious political rift, the DP’s leader has faced multiple court cases and was convicted last month of election-law violations, barring him from running for president if it is finalized. Amid the political standoff, Yoon had vetoed a string of bills passed by parliament and at times angering his own party. His latest act ramped up tensions considerably domestically, while also creating high uncertainty abroad for the outlook of one of the world’s key suppliers of semiconductors and a stalwart U.S. ally in an increasingly complex security environment in Asia. Even though the martial law order lasted less than a day, the political instability it will generate is set to last two or three years, according to Lee Won-Jae, a sociology professor at at Kaist Graduate School of Culture Technology in Daejeon. “Martial law has lost its effect, so from this moment on, all state institutions exercising physical force, including the military and police of the Republic of Korea, are obligated not to follow unlawful or unfair instructions,” Han, the leader of Yoon’s party, said in a Facebook post. Yoon’s moves came at a time of high uncertainty for the nation as its trade-dependent economy faces potential tariffs from Trump’s incoming U.S. administration. Bloomberg Economics estimates that full imposition of tariffs on China, South Korea and other U.S. trading partners could reduce Seoul’s exports to the U.S. by as much as 55%. Meanwhile, North Korea continues to present a security concern as it deepens its ties with Russia, having sent thousands of troops there to help in Moscow’s war against Ukraine. Russia’s defense minister visited Pyongyang last week in the latest sign of talks between the two countries. Russia may help provide North Korea key technology for its weapons programs including its intercontinental ballistic missiles. “We shouldn’t be fooled — this has nothing at all to do with North Korea and all to do with domestic politics,” said Defense Priorities Fellow Daniel DePetris. China suggested its citizens residing in South Korea keep calm and try to avoid going outdoors for anything non-essential, the country’s embassy said in a post on social media Tuesday night. The embassy also asked Chinese citizens to comply with official orders from the Korean government and “use caution” over sharing political opinions. “The domestic uncertainty adds to the external pressures in recent weeks as the market is starting to price in the rise of higher U.S. tariffs under the new Trump administration,” said Aroop Chatterjee, a strategist at Wells Fargo. “Korea is an open economy sensitive to shifts in global export demand and spillovers from a weaker China.” While it remains to be seen if the short-lived declaration of martial law will have a lasting impact on markets and the economy, Yoon’s high-stakes move is certain to knock confidence in his leadership and his reliability as a bullwark of democracy in a nation with many authoritarian neighbors. “U.S. officials look to South Korea now as a beacon of democracy so for a president to pull a fast one like this is certainly shocking and unprecedented,” said DePetris. Bank of Korea’s monetary board, which unexpectedly cut the key rate last week, will also hold an extraordinary meeting Wednesday morning to discuss steps to shield the economy and markets. “From a near-term policy standpoint, apart from the market disruptions, uncertainty could also arise in the event of cabinet changes,” Goldman Sachs Group Inc. analysts Goohoon Kwon and Kamakshya Trivedi wrote in a note Tuesday. (With assistance from Maria Elena Vizcaino.) ©2024 Bloomberg L.P. Visit bloomberg.com. Distributed by Tribune Content Agency, LLC.CORVALLIS, Ore.--(BUSINESS WIRE)--Dec 16, 2024-- NuScale Power Corporation (NuScale or the Company) (NYSE: SMR), the industry-leading provider of proprietary and innovative advanced small modular reactor (SMR) nuclear technology, today announced the opening of its next Energy Exploration (E2) Center at The Ohio State University in Columbus to help support the development of the next generation’s nuclear workforce. This E2 Center was co-funded by The Ohio State University Department of Mechanical and Aerospace Engineering and a grant from the U.S. Department of Energy’s Nuclear Energy University Programs (NEUP). NuScale are innovative learning environments that offer users a hands-on opportunity to apply nuclear science and engineering principles through simulated, real-world nuclear power plant operation scenarios. Using state-of-the-art computer modeling within a 12-module SMR power plant control room simulator, the E2 Center allows users to assume the role of control room operator. The E2 Center will also facilitate community education on the benefits of nuclear power through demonstrations, tours to local leaders, K-12 students, and the broader public. “Building a nuclear-ready workforce is critical to the success of the clean energy transition,” said John Hopkins, NuScale President and Chief Executive Officer. “The nuclear industry is facing a shortage of skilled workers and that’s why partnerships like the one with The Ohio State University are so critical for the future. NuScale E2 centers provide truly one-of-a-kind experiences for students that we know helps foster interest and understanding of the nuclear industry and our SMR technology.” “The installation of this simulator will provide opportunities for a better understanding of how nuclear reactors can operate,” said Rob Siston, Professor and Chair, Department of Mechanical and Aerospace Engineering at The Ohio State University. “Our department is proud to support the progress toward the next generation of advanced reactor operators and the nuclear workforce.” NuScale E2 Centers operate at Oregon State University (Corvallis, Ore.), Texas A&M University (College Station, Tex.), Idaho State University (Pocatello, Idaho), University Politechnica (Bucharest, Romania), and Seoul National University (Seoul, South Korea). Title provides identification purposes only. The views and opinions expressed are those of the individual only and do not necessarily reflect the positions of The Ohio State University. Founded in 2007, NuScale Power Corporation (NYSE: SMR) is the industry-leading provider of proprietary and innovative advanced small modular reactor (SMR) nuclear technology, with a mission to help power the global energy transition by delivering safe, scalable, and reliable carbon-free energy. The Company’s groundbreaking SMR technology is powered by the NuScale Power ModuleTM, a small, safe, pressurized water reactor that can each generate 77 megawatts of electricity (MWe) or 250 megawatts thermal (gross), and can be scaled to meet customer needs through an array of flexible configurations up to 924 MWe (12 modules) of output. As the first and only SMR to have its design certified by the U.S. Nuclear Regulatory Commission, NuScale is well-positioned to serve diverse customers across the world by supplying nuclear energy for electrical generation, data centers, district heating, desalination, commercial-scale hydrogen production, and other process heat applications. To learn more, visit NuScale Power’s or follow us on , , , and . This release may contain forward-looking statements (including without limitation statements to the effect that the Company or its management "will," "believes," "expects," “anticipates,” "plans" or other similar expressions). These forward-looking statements include statements relating to strategic and operational plans, capital deployment, future growth, new awards, backlog, earnings and the outlook for the Company’s business. Actual results may differ materially as a result of a number of factors, including, among other things, the Company’s liquidity and ability to raise capital; the Company's failure to receive new contract awards; cost overruns, project delays or other problems arising from project execution activities, including the failure to meet cost and schedule estimates; intense competition in the industries in which we operate; failure of our partners to perform their obligations; cyber-security breaches; foreign economic and political uncertainties; client cancellations of, or scope adjustments to, existing contracts; failure to maintain safe worksites and international security risks; risks or uncertainties associated with events outside of our control, including weather conditions, pandemics (including COVID-19), public health crises, political crises or other catastrophic events; the use of estimates and assumptions in preparing our financial statements; client delays or defaults in making payments; the failure of our suppliers, subcontractors and other third parties to adequately perform services under our contracts; uncertainties, restrictions and regulations impacting our government contracts; the inability to hire and retain qualified personnel; the potential impact of certain tax matters; possible information technology interruptions; the Company's ability to secure appropriate insurance; liabilities associated with the performance of nuclear services; foreign currency risks; the loss of one or a few clients that account for a significant portion of the Company's revenues; damage to our reputation; failure to adequately protect intellectual property rights; asset impairments; climate change and related environmental issues; increasing scrutiny with respect to sustainability practices; the availability of credit and restrictions imposed by credit facilities for our clients, suppliers, subcontractors or other partners; failure to obtain favorable results in existing or future litigation and regulatory proceedings, dispute resolution proceedings or claims, including claims for additional costs; failure by us or our employees, agents or partners to comply with laws; new or changing legal requirements, including those relating to environmental, health and safety matters; failure to successfully implement our strategic and operational initiatives and restrictions on possible transactions imposed by our charter documents and Delaware law. Caution must be exercised in relying on these and other forward-looking statements. Due to known and unknown risks, the Company’s results may differ materially from its expectations and projections. Additional information concerning these and other factors can be found in the Company's public periodic filings with the Securities and Exchange Commission, including the general economic conditions and other risks, uncertainties and factors set forth in the section entitled “Cautionary Note Regarding Forward-Looking Statements and Summary of Risk Factors” in the Company’s annual report on Form 10-K for the period ended December 31, 2023 and under similar headings in subsequent filings with the U.S. Securities and Exchange Commission. The referenced SEC filings are available either publicly or upon request from NuScale's Investor Relations Department at . The Company disclaims any intent or obligation other than as required by law to update its forward-looking statements in light of new information or future events. View source version on : CONTACT: Media contact Chuck Goodnight, Vice President, Business Development contact Scott Kozak, Director, Investor Relations KEYWORD: OREGON OHIO UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: EDUCATION ENGINEERING MANUFACTURING ENERGY NUCLEAR UNIVERSITY SOURCE: NuScale Power Copyright Business Wire 2024. PUB: 12/16/2024 04:15 PM/DISC: 12/16/2024 04:13 PM
Trudeau reports 'excellent conversation' with TrumpBUDAPEST, Hungary, Nov. 23, 2024 (GLOBE NEWSWIRE) — The WSF2024 declaration calls for efficient, trusted and creative science and policy interfaces, responding to disruptive global transformations. “Our world is under rapid transformation and facing an uncertain future. Extraordinary scientific and technological advances are at odds with inadequate progress on addressing the challenges of climate change and most of the Sustainable Development Goals, a growing number of conflicts, rising inequalities and the emergence of rapidly evolving and disruptive technologies,” the declaration states. “We urgently need to broaden scientific understanding and to promote evidence-based, science-informed and long-term thinking and decision-making.” The World Science Forum was created by three founding organisations, the Hungarian Academy of Sciences – hosting of the 2024 event – the United Nations Educational, Scientific and Cultural Organization (UNESCO), the International Science Council (ISC), and partner organisations the American Association for the Advancement of Science (AAAS), The World Academy of Sciences (TWAS), the InterAcademy Partnership (IAP), and the European Academies’ Science Advisory Council (EASAC). “Science as a universal language is the evidence-based tool for understanding our world and its future. It should guide society, policymakers, and the economy on risks, opportunities, and choices. [...] We recognise the evolving role of science diplomacy in bringing together science and policy to address these challenges and promote science for peace,” the declaration highlights. Titled “ ”, WSF2024 attracted 1,200 delegates from 122 countries, who joined 100 lectures in 19 plenary and thematic sessions over four days, with the aim to overcome the limits of wide-scale implementation of science-based policy measures on a global level. The full text of the declaration can be found here: The Steering Committee of WSF selected the application by the of Indonesia to host the next World Science Forum in Jakarta in 2026, taking the Forum for the first time to Asia and the Eastern Hemisphere. Media Contact: Gabor Jelinek Gabor.Jelinek@mindgeer.com A photo accompanying this announcement is available atPresident-elect Donald Trump’s lawyers urge judge to toss his hush money conviction
Mayor Adams leans in on unfounded claim that Biden Justice Department indicted him for political reasonsJones 3-8 3-4 9, Francois 3-10 4-4 10, Calderon 4-13 0-0 8, Cartagena 2-3 2-2 6, Kimbrough 8-12 3-3 19, Ford 0-1 0-0 0, Mushore 0-1 0-0 0, Berry 0-4 0-0 0, Brown 0-1 0-0 0, Butler 1-2 0-0 2, Ellis 1-1 0-0 3, Joseph 1-4 2-2 4, Washington 4-8 1-1 9, Totals 27-68 15-16 70 Merritt 4-6 0-0 9, Sanogo 2-4 0-0 4, Fritz 0-3 0-0 0, Maupin 6-11 5-7 20, Shavers 3-12 3-4 10, Mora 0-0 0-0 0, Peat 1-3 3-5 5, Blacklock 3-9 0-0 8, Bristow 7-13 3-4 17, Johnson 2-6 1-3 5, Martin 0-0 0-0 0, Wynn 0-2 0-0 0, Totals 28-69 15-23 78 3-Point Goals_New Orleans 1-14 (Jones 0-2, Francois 0-4, Calderon 0-2, Cartagena 0-1, Berry 0-2, Butler 0-1, Ellis 1-1, Joseph 0-1), Texas Tech 7-31 (Merritt 1-1, Fritz 0-2, Maupin 3-7, Shavers 1-7, Blacklock 2-8, Bristow 0-2, Johnson 0-2, Wynn 0-2). Assists_New Orleans 11 (Calderon 3), Texas Tech 15 (Maupin 4). Fouled Out_New Orleans Cartagena. Rebounds_New Orleans 49 (Francois 17), Texas Tech 37 (Bristow 8). Total Fouls_New Orleans 23, Texas Tech 19. Technical Fouls_None. A_4,130.
In a filing made public Tuesday, Trump’s lawyers told Manhattan Judge Juan M. Merchan that anything short of immediate dismissal would undermine the transition of power, as well as the “overwhelming national mandate" granted to Trump by voters last month. They also cited President Joe Biden’s recent pardon of his son, Hunter Biden, who had been convicted of tax and gun charges . “President Biden asserted that his son was ‘selectively, and unfairly, prosecuted,’ and ‘treated differently,’" Trump’s legal team wrote. Manhattan District Attorney Alvin Bragg, they claimed, had engaged in the type of political theater "that President Biden condemned.” Prosecutors will have until Dec. 9 to respond. They have said they will fight any efforts to dismiss the case but have indicated a willingness to delay the sentencing until after Trump’s second term ends in 2029. In their filing Monday, Trump's attorneys dismissed the idea of holding off sentencing until Trump is out of office as a “ridiculous suggestion.” Following Trump’s election victory last month, Merchan halted proceedings and indefinitely postponed his sentencing, previously scheduled for late November, to allow the defense and prosecution to weigh in on the future of the case. He also delayed a decision on Trump’s prior bid to dismiss the case on immunity grounds. Trump has been fighting for months to reverse his conviction on 34 counts of falsifying business records to conceal a $130,000 payment to porn actor Stormy Daniels to suppress her claim that they had sex a decade earlier. He says they did not and denies any wrongdoing. The defense filing was signed by Trump lawyers Todd Blanche and Emil Bove, who represented Trump during the trial and have since been selected by the president-elect to fill senior roles at the Justice Department. Taking a swipe at Bragg and New York City, as Trump often did throughout the trial, the filing argues that dismissal would also benefit the public by giving him and “the numerous prosecutors assigned to this case a renewed opportunity to put an end to deteriorating conditions in the City and to protect its residents from violent crime.” Clearing Trump, the lawyers added, would also allow him to “to devote all of his energy to protecting the Nation.” Merchan hasn’t yet set a timetable for a decision. He could decide to uphold the verdict and proceed to sentencing, delay the case until Trump leaves office, wait until a federal appeals court rules on Trump’s parallel effort to get the case moved out of state court or choose some other option. An outright dismissal of the New York case would further lift a legal cloud that at one point carried the prospect of derailing Trump’s political future. Last week, special counsel Jack Smith told courts that he was withdrawing both federal cases against Trump — one charging him with hoarding classified documents at his Florida estate, the other with scheming to overturn the 2020 presidential election he lost — citing longstanding Justice Department policy that shields a president from indictment while in office. The hush money case was the only one of Trump’s four criminal indictments to go to trial, resulting in a historic verdict that made him the first former president to be convicted of a crime. Prosecutors had cast the payout as part of a Trump-driven effort to keep voters from hearing salacious stories about him. Trump’s then-lawyer Michael Cohen paid Daniels. Trump later reimbursed him, and Trump’s company logged the reimbursements as legal expenses — concealing what they really were, prosecutors alleged. Trump has said the payments to Cohen were properly categorized as legal expenses for legal work. A month after the verdict, the Supreme Court ruled that ex-presidents can’t be prosecuted for official acts — things they did in the course of running the country — and that prosecutors can’t cite those actions to bolster a case centered on purely personal, unofficial conduct. Trump’s lawyers cited the ruling to argue that the hush money jury got some improper evidence, such as Trump’s presidential financial disclosure form, testimony from some White House aides and social media posts made during his first term. Prosecutors disagreed and said the evidence in question was only “a sliver” of their case. If the verdict stands and the case proceeds to sentencing, Trump’s punishments would range from a fine to probation to up to four years in prison — but it’s unlikely he’d spend any time behind bars for a first-time conviction involving charges in the lowest tier of felonies. Because it is a state case, Trump would not be able to pardon himself once he returns to office.The Managing Director, Japan External Trade Organisation, Mr Takashi Oku, has commended the Dangote Refinery and Petrochemicals complex for showcasing Nigeria’s technological advancements on the global stage. Oku was quoted as making the commendation in a statement issued on Monday in Lagos by Dangote Group. He made the commendation when a delegation from the Japanese Business Community in Nigeria, led by Japan’s Ambassador-designate to Nigeria, Suzuki Hideo visited the facility on Friday. The Japanese delegation toured the facilities housing both the Dangote Petroleum Refinery and Petrochemicals as well as Dangote Fertilisers. They commended the state-of-the-art technology on display, noting that it reinforced Nigeria’s role as the gateway to Africa. The JETRO boss said while Nigeria remained the gateway to Africa, the Dangote Refinery stood out as a remarkable project that showcases Nigeria’s technological progress. According to him, the facility which is the world’s largest single-train refinery, is a point of immense pride for Nigeria. JETRO is Japan’s governmental organisation for trade and investment. “We had heard about the excellence of the Dangote Refinery through the media but seeing it in person has left us truly amazed by its vastness and grandeur. “It demonstrates that Nigeria’s population is not only growing but also advancing in technology. We are keen to collaborate with Nigerian companies, especially Dangote Refinery,” Oku said. He said that the refinery had bolstered Nigeria’s leading position in Africa, adding that the facility served as an ideal introduction to the country for the global community. The Managing Director, of Itochu Nigeria Ltd., Masahiro Tsuno, also commended Dangote Group on the size and automation of its Refinery, describing it as a miracle and one of the wonders of the world. Tsuno said he had seen many standalone refineries across the globe, including in Vietnam and the Middle East but the Dangote’s built by one single investor is a global miracle. Tsuno said that his company would seek collaboration with the refinery across various sectors, including polypropylene and other petroleum products. Related News Dangote refinery extends export to three African countries Naira-for-crude: IPMAN eyes petrol price reduction Igbo business community to install first Mayor Vice President of Oil and Gas, Dangote Industries Ltd., Devakumar Edwin, commended the ambassador-designate and his team. Edwin explained that the facility was the vision of an investor and African industrialist, Alhaji Aliko Dangote, designed and built by Nigerians, and intended to serve the global market. He said that it was a point of pride that a Nigerian company not only designed but also built the world’s largest single-train refinery complex. Dangote Industries Ltd., a Nigerian company, acted as the Engineering, Procurement, and Construction (EPC) contractor for the refinery. In the process, cutting-edge technologies from around the world were incorporated to ensure that the facility meets the highest standards. Edwin assured the ambassador-designate and his delegation that the company was open to collaboration, always striving to maintain the best possible standards. He said there were lots of Japanese equipment inside both the refinery and the fertiliser plant which presented opportunities for collaboration. “For instance, our cement plant laboratory is managed by robots, and we always embrace advanced technology. With Japan’s focus on technological innovation, there is ample scope for cooperation and for supplying various types of technology,” he said. Edwin added that the Dangote Petrochemical project would boost investment in downstream industries, creating substantial value, generating employment, increasing tax revenues, reducing foreign exchange outflows, and contributing to Nigeria’s Gross Domestic Product (GDP). He confirmed that products from the refinery meet international standards and were already being exported globally to some countries including Cameroon, Ghana, Angola, and South Africa among others. He said Dangote’s Diesel had gone all over the world, and jet fuel was heavily exported to European markets. “Our products are already making their mark internationally,” he said. He further added that the Dangote Group aims to create a virtuous cycle of industrial development, job creation, and economic prosperity by leveraging Africa’s vast crude oil resources to produce refined products locally. (NAN)
Paynet.Red Expands Services with Virgin Mobile UAE Voucher SalesArtificial intelligence-enabled voice cloning tools have made it easier for criminals to mimic strangers' voices and dupe victims into handing over large sums of money. For example, a scammer might target a victim posing as their grandchild and claiming they require cash — fast. Older people who might not be as familiar with new technologies such as AI can be particularly susceptible to these types of scams, particularly when the caller on the other line sounds identical to a loved one. Phone numbers also can be spoofed to mimic those of callers known to the target of voice cloning scams. In 2023, senior citizens were conned out of roughly $3.4 billion in a range of financial crimes, according to the FBI data . The agency recently warned that AI has increased the "believability" or criminal scams given that they "assist with content creation and can correct for human errors that might otherwise serve as warning signs of fraud." Also commonly known as "grandparent scams," a fraudster will impersonate an individual's loved one and claim they are in trouble, or need cash immediately for some sort of emergency. "So much of it is based on psychology and hacking the limbic system," Chuck Herrin, field chief information security officer for F5, a security and fraud prevention firm, told CBS MoneyWatch. "They say things that trigger a fear-based emotional response because they know when humans get afraid, we get stupid and don't exercise the best judgment." How to create a family safe word The good news? Cybersecurity experts and law enforcement officials have a simple, but effective, recommendation for avoiding getting victimized by such scams: creating a family "safe word," along with a protocol for verifying a family member or loved one's identity. That means choosing a word or phrase that can't be easily guessed. Obvious identifiers like a street name, alma mater or other information that may be readily available online are ill-advised, experts say. "It needs to be unique and should be something that's difficult to guess," Scobey said. "It shouldn't be something that can be researched online about you or your family. Avoid street names, towns, phone numbers and individual names as part of a pass phrase." A safe phrase, consisting of at least four words, offers a greater degree of security, he added. Verify the caller's identity Following a basic routine that includes using a safe word is a good first line of defense against scammers. "This is a mass operation, they don't care about you, they just care about bad security. They are churning though thousands of people they found on the dark web," Herrin of F5 told CBS MoneyWatch. "If you have a reasonable security posture, you'll probably be fine. But if you leave the window open, you'll lose your TV," he said, comparing cybersecurity threats to physical vulnerabilities. Any time you are asked for financial assistance, require that the caller verify his or her identity. The key: Always ask for the safe word before transferring any money. "Family safe words can be a really useful tool if they are used properly," Eva Velasquez, said CEO of the Identity Theft Resource Center, a nonprofit focused on ID security. Velasquez gave the example of a phony grandchild calling a grandparent and saying something like, "I am in jail and need help, and I am so distraught I can't remember our password." In a tense or emotional moment, the victim could be inclined to offer it up to the person in distress, putting themselves in jeopardy. "I do think they can be a very useful tool, but you have to explain to the family how it works so you don't volunteer it," she said. "We have had a couple incidents where the victim will say the safe word first instead of letting the other person say it." Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24/7 to discuss her reporting.
Daiwa Securities Group Inc. lessened its stake in shares of Assurant, Inc. ( NYSE:AIZ – Free Report ) by 3.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,341 shares of the financial services provider’s stock after selling 202 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Assurant were worth $1,261,000 at the end of the most recent quarter. Other hedge funds and other institutional investors also recently modified their holdings of the company. Innealta Capital LLC acquired a new position in shares of Assurant during the second quarter worth about $31,000. Huntington National Bank lifted its stake in shares of Assurant by 509.4% during the third quarter. Huntington National Bank now owns 195 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 163 shares in the last quarter. Richardson Financial Services Inc. lifted its stake in shares of Assurant by 62.1% in the second quarter. Richardson Financial Services Inc. now owns 201 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 77 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in Assurant in the third quarter valued at about $56,000. Finally, Family Firm Inc. acquired a new stake in Assurant during the 2nd quarter valued at approximately $51,000. Institutional investors and hedge funds own 92.65% of the company’s stock. Wall Street Analyst Weigh In AIZ has been the topic of a number of recent analyst reports. Piper Sandler upped their target price on Assurant from $200.00 to $217.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Truist Financial upped their price target on shares of Assurant from $220.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, November 7th. UBS Group raised their price objective on shares of Assurant from $217.00 to $224.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. StockNews.com downgraded shares of Assurant from a “buy” rating to a “hold” rating in a research report on Thursday, October 17th. Finally, Bank of America boosted their target price on shares of Assurant from $228.00 to $233.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $225.20. Insider Buying and Selling at Assurant In other Assurant news, EVP Biju Nair sold 3,000 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $209.18, for a total transaction of $627,540.00. Following the completion of the transaction, the executive vice president now directly owns 20,658 shares of the company’s stock, valued at $4,321,240.44. The trade was a 12.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink . 0.53% of the stock is currently owned by company insiders. Assurant Price Performance Shares of NYSE:AIZ opened at $227.10 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.40. Assurant, Inc. has a fifty-two week low of $160.12 and a fifty-two week high of $230.55. The firm has a 50-day simple moving average of $203.46 and a 200 day simple moving average of $186.07. The company has a market cap of $11.65 billion, a PE ratio of 16.20 and a beta of 0.57. Assurant ( NYSE:AIZ – Get Free Report ) last announced its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $3.00 earnings per share for the quarter, beating analysts’ consensus estimates of $2.52 by $0.48. Assurant had a net margin of 6.31% and a return on equity of 17.42%. The business had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the prior year, the firm earned $4.29 EPS. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Assurant, Inc. will post 15.41 EPS for the current year. Assurant Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.41%. This is a positive change from Assurant’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Monday, December 9th. Assurant’s payout ratio is presently 22.82%. Assurant Profile ( Free Report ) Assurant, Inc, together with its subsidiaries, provides business services that supports, protects, and connects consumer purchases in North America, Latin America, Europe, and the Asia Pacific. The company operates through two segments: Global Lifestyle and Global Housing. The Global Lifestyle segment offers mobile device solutions, and extended service contracts and related services for consumer electronics and appliances, and credit and other insurance products; and vehicle protection, commercial equipment, and other related services. Read More Want to see what other hedge funds are holding AIZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Assurant, Inc. ( NYSE:AIZ – Free Report ). Receive News & Ratings for Assurant Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Assurant and related companies with MarketBeat.com's FREE daily email newsletter .
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IRVINE, Calif.--(BUSINESS WIRE)--Nov 21, 2024-- Sims Lifecycle Services (SLS) has once again been recognized as a Representative Vendor in the 2024 Gartner® “Market Guide for IT Asset Disposition. 1 ” In our opinion, this acknowledgment, our fifth inclusion in the Market Guide 2, highlights SLS's commitment to delivering world-class IT asset management and disposition solutions that meet the highest standards of data security, sustainability, compliance and value return. We feel this recognition of SLS as a Representative Vendor underscores the company's strong position in the market and our ability to support global clients in managing the end-of-life cycle of IT assets. According to Gartner, “Sustainability requirements are compounding the ongoing ITAD challenges of data security and sound reuse/recycling. Sourcing, procurement and vendor management leaders can use this Market Guide to navigate the ITAD market, assess growing compliance risks and identify representative ITAD providers.” "In our view, being included again as a Representative Vendor in the 2024 Gartner® “Market Guide for IT Asset Disposition” is not just a recognition, it’s a validation of our commitment to excellence and innovation in IT asset disposition,” notes Sean Magann, chief commercial officer at Sims Lifecycle Services. “We believe this inclusion highlights our ability to innovate in ways that not only safeguard our clients’ data but also drive sustainability and efficiency. It’s proof that we’re not just adapting to change, we’re leading it.” While inadequate data security and environmentally harmful recycling continue to be the biggest risks within the ITAD market, the report focuses largely on the financial and environmental advantages of device reuse and states that “ITAD is increasingly focused on the environmental sustainability benefits of extending the lifecycle of technology assets to reduce greenhouse gas (GHG) emissions and e-waste.” Refurbishment and redeployment of IT devices is expected to increase as organizations more fully recognize the carbon avoidance realized versus recycling. “ITAD,” the report maintains, “is crucial for IT sustainability, mitigating Scope 3 emissions and supporting the circular economy.” Gartner urges corporations to utilize industry-best ITAD vendors to “leverage the superior environmental sustainability (and budget) characteristics of asset reuse as your primary disposition process.” About Sims Lifecycle Services Sims Lifecycle Services provides solutions to extend the life of data center and enterprise IT assets, and the company recognizes the value in end-of-life electronics, components and materials. SLS works with hyperscale and cloud data centers to reuse and redeploy data center equipment. Fortune 500 companies are supported by SLS to navigate ongoing technology shifts by securely and responsibly managing the disposition of IT equipment and recycling of electronic products. IT asset disposition (ITAD) and electronics recycling services offered at SLS support the evolution of the electronics industry movement toward circularity. SLS clients benefit from data security, maximum IT value recovery, global compliance and sustainable IT use. As a responsible corporate citizen, and in alignment with the United Nations Sustainable Development Goals, we continuously seek new ways to contribute to the circular economy. Visit the SLS website, www.simslifecycle.com for more information on the company’s global coverage and services offered or for media contact email: sls.media@simsmm.com . Notes: 1 Gartner, Market Guide for IT Asset Disposition, By Rob Schafer, Christopher Dixon, Autumn Stanish, 6 November, 2024 2 Sims Lifecycle Services (SLS) was recognized as Sims Recycling Solutions in 2018 and 2016. Gartner, Marketing Guide for IT Asset Disposition, 22 November 2016 Gartner, Marketing Guide for IT Asset Disposition, 26 July 2018 Gartner, Marketing Guide for IT Asset Disposition, 30 November 2020 Gartner, Marketing Guide for IT Asset Disposition, 23 January 2023 Required Disclaimer: GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. View source version on businesswire.com : https://www.businesswire.com/news/home/20241121451696/en/ sls.media@simsmm.com KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: SUSTAINABILITY ENVIRONMENT HARDWARE DATA MANAGEMENT RECYCLING TECHNOLOGY OTHER TECHNOLOGY SECURITY SOURCE: Sims Lifecycle Services Copyright Business Wire 2024. PUB: 11/21/2024 06:01 PM/DISC: 11/21/2024 06:00 PM http://www.businesswire.com/news/home/20241121451696/en
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