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The E-J Group Welcomes State Electric Corporation to the Organization
NEW YORK , Dec. 15, 2024 /PRNewswire/ -- Report with market evolution powered by AI - The global trampoline market size is estimated to grow by USD 978.4 million from 2024 to 2028, according to Technavio. The market is estimated to grow at a CAGR of 5.12% during the forecast period. The report provides a comprehensive forecast of key segments below- Segmentation Overview 1.1 Round trampolines 1.2 Rectangular and square trampolines 1.3 Others 2.1 Commercial 2.2 Individual 3.1 Offline 3.2 Online 4.1 North America 4.2 Europe 4.3 APAC 4.4 Middle East and Africa 4.5 South America 4.1 Canada 4.2 Germany 4.3 Italy 4.4 India 4.5 Brazil Get a glance at the market contribution of rest of the segments - Download a FREE Sample Report in minutes! 1.1 Fastest growing segment: The round trampolines segment dominates the global trampoline market due to their widespread popularity and basic design. Round trampolines are the most common type, featuring steel frames and spring coils for bouncing. They offer a focused bouncing area, making them suitable for both backyard recreation and professional use. JumpSport's DoubleBounce round trampolines, with extra mats for safety, cater to both beginners and professionals. Round trampolines' lightweight circular frames ensure durability and ease of construction. Their availability and affordability contribute to their heavy sales. However, the segment may face competition from rectangular, square, and smart trampolines, leading to steady but slower growth. Analyst Review Trampolines are popular recreational and fitness equipment known for their strong fabric and frames, typically made of steel. The folding mechanism allows for easy storage and transport. Elasticity is provided by springs or a springless design, making bouncing fun and effective for astronauts training and gymnasts honing their skills. Trampolines have gained popularity in various settings, from the Olympics to trampoline parks, catering to both children and adults. With increasing health consciousness, trampolines offer numerous physical activity benefits, promoting fitness and well-being. Safety enhancements ensure a safe and enjoyable experience for all. Trampoline parks feature wall-to-wall trampolines, foam pits, and dodgeball arenas, providing opportunities for social interaction, entertainment, and digital integration. Despite the risks, injury rates are relatively low due to continuous improvements in design and technology. Market Overview Trampolines are a popular source of fun and physical activity for people of all ages, from children to adults. The core components of a trampoline include a strong fabric mat, supportive frames made of steel, and elasticity provided by springs or a folding mechanism. Trampolines have gained popularity due to their association with astronauts and gymnasts, who use them for training. The Olympics have featured trampolining as a sport since 2000, bringing it into the limelight. Trampolines offer numerous health benefits, such as improving lung capacity, muscle tone, heart health, and enhancing coordination and muscular strength. However, safety is a concern, and trampoline parks and e-commerce platforms have responded with kid safety technology, water resistance, climate resistance, and injury rate reduction measures. Innovations in trampoline technology include springless trampolines, smart trampolines with sensors, and interactive experiences like foam pits and dodgeball arenas. Trampolines provide a unique blend of physical fitness, social interaction, entertainment, and learning opportunities for individuals seeking an active lifestyle. With the Olympic spotlight on trampolining and the growing awareness of health benefits, the trampoline market continues to evolve, offering new and exciting experiences for aspiring athletes and fitness enthusiasts alike. To understand more about this market- Download a FREE Sample Report in minutes! Key Topics Covered: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Venodr Landscape 10.1 Springfree Trampoline Inc 10.2 Stamina Products Inc 10.3 Multiplay International Ltd 10.4 Sino Fourstar Group Co. Ltd 10.5 Eurotramp Trampoline Kurt Hack GmbH 10.6 Vuly Trampolines Pty Ltd 10.7 Airmaster Trampoline (U.S.) 10.8 Domi Jump Inc 10.9 Skywalker Holdings LLC 10.10 JumpSport Inc 11 Vendor Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ SOURCE Technavio
Struggling Syracuse looks to climb back above .500 when it hosts Albany on Tuesday night. The Orange (4-4) are coming off a conference loss to Notre Dame where they failed to make a 3-pointer in a game for the first time in more than 10 years, going 0-for-9 from behind the arc. They will be without leading scorer J.J. Starling, who broke his hand in practice last Monday. Orange coach Adrian Autry said there was "no timetable" for Starling's return after the loss to the Fighting Irish and lamented his team's struggles with turnovers and free-throw shooting in the defeat. "Too many blown opportunities," Autry said. "We're not shooting the ball well. We have to adjust and go game by game now. Our front court has been pretty secure, but we have to keep working and getting better." Starling was averaging a team-high 19.8 points before his injury. The Orange may need to lean more on freshman Donnie Freeman, who has been a standout for Syracuse this season. He's averaging 12.8 points and 8.8 rebounds and already has four double-doubles. He was co-ACC Rookie of the Week last week. Defensively, the Orange have struggled. They rank No. 329 in scoring defense, giving up 79.4 points per game. Albany is scoring 77.2 ppg so far this season. The Great Danes (6-4) were downed by Boston University 80-74 in overtime on Saturday. They started the season 5-1 but have lost three of their last four. Senior guard Byron Joshua, a transfer from Alcorn State, is the Great Danes' leading scorer at 13.6 ppg. Amar'e Marshall was an All-America East Conference pick last season after averaging 16.7 points, but his field goal shooting has dropped from 43.4 percent last season to 34.5 percent this season. He is scoring 11.7 ppg. "I think we're learning how to compete at the right level," Albany coach Dwyane Killings said after a loss to Georgetown on Nov. 30. "I think the one thing that troubles us a lot is that our identity and our energy comes when the ball goes in the basket. When it doesn't, I don't think we have the grit that we need right now." Albany has been one of the best teams in the country in terms of steals. The Great Danes average 10.2 steals per game, which is tied for No. 12 in the nation. Syracuse is 8-0 against Albany all-time with the teams last meeting in 2011. Syracuse is 4-0 at home and 4-0 against non-power-conference opponents. --Field Level Media
Tariffs could raise prices
FIR registered against Sikh journalist in PakCopy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login The dynamics of equity markets are changing. The focus is shifting from the dominance of a few major tech companies to much broader market participation. Market performance and earnings growth have been concentrated among a small cohort of companies, dubbed the magnificent seven (Apple, Microsoft, Alphabet, Amazon, NVIDIA, Meta Platforms, and Tesla) or Mag 7. Their returns have been heavily influenced by artificial intelligence (AI)‐linked growth, while innovations in health care, and specifically GLP‐1s, have also seen select companies benefit. These powerful investment trends remain, but peaking earnings growth for some of these companies point to change and lessen their appeal for investors. Although still in its infancy, the broadening of equity returns beyond the magnificent seven looks set to continue into 2025. Scott Berg, portfolio manager, global equities for T. Rowe Price. To be clear, however, these are high‐quality companies that have delivered strong profitability and free cash flow, and although the infrastructure and investment cycle for AI may be peaking, we believe we are only scratching the surface in terms of the potential benefits and use cases for AI. The market may question the return on investment on AI in the near term, but we expect continued innovation and productivity to come through as companies develop their AI capabilities. This is a megatrend that is real and is not going away. Don’t overlook emerging markets Emerging markets - which were prominent in many portfolios throughout the 1990s and during the BRICS era - have been deeply out of favour since the global financial crisis. However, they are starting to show early signs of recovery. Emerging market equities have undergone a massive derating since 2008. They trade at around a 35 per cent discount to their developed market (DM) peers[1], according to the financial data and analytics provider FactSet, and their weight in global indices has plummeted. Since the pandemic, things have gone from bad to worse. Emerging market shares have been hit by a strong dollar as US interest rates rose and stayed higher for longer; they have suffered from the dire performance of the Chinese economy and stock market since 2021, and in the last few years have been weighed down by general risk‐off sentiment among investors and a rise in geopolitical tensions. Now, investors have the added uncertainty of anticipated tariffs from the new US administration. Sponsored by T. Rowe Price This content has been funded by an advertiser and written by the Nine commercial editorial team. Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login Introducing your Newsfeed Follow the topics, people and companies that matter to you. Latest In Financial services Fetching latest articles Most Viewed In Companies
Browns sticking with QB Jameis Winston down the stretch as dismal season heads into final weeksNoneOXFORD, Ohio (AP) — Kam Craft's 34 points led Miami (OH) over Bethany (WV) 112-70 on Sunday. Craft had a big night from beyond the arc for the RedHawks (6-3), as he made 10 of Miami's 22 3-pointers. Brant Byers scored 21 points while going 8 of 10 (5 for 7 from 3-point range). Eian Elmer had 20 points and shot 7 for 13, including 4 for 7 from beyond the arc. Ben Guffey led the way for the Bison with 12 points. Troy Hixson added 11 points for Bethany. Cole Dailey finished with 10 points. Miami took the lead with 19:17 left in the first half and did not relinquish it. The score was 62-28 at halftime, with Byers racking up 17 points. Miami outscored Bethany by eight points in the second half, and Craft scored a team-high 20 points in the second half to help secure the victory. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .The Wanted star Max George has said he is “staying positive” while in hospital waiting for tests that could shine a light on issues with his heart. In a post to Instagram on Thursday the singer, 36, explained that he went to hospital after feeling “really unwell” and added that he needed “a lot more tests” to determine “what surgery I will need to get me back on my feet.” Updating his fans, George posted a video from his hospital bed on Friday, and said he “had a bit of a rough day”. A post shared by Max George (@maxgeorge) He added: “My heart rate dropped a bit this morning, which was, it was a little bit scary. “But everyone here is amazing, so wanted to get it back up a little bit and get it stable again, which is great. “Reason I’m not... like a lot of friends and family are asking why I’m not just going in and having anything (like surgery) done yet, because there’s so many tests that need to be done before we do anything. “So I just need to get through till, I guess, next week. Get all the tests done, and then they’ll know exactly what to do, because otherwise, obviously, they’ll be able to do something, but it’ll be better doing it with all the information that they need. “But, yeah, it’s shit, but still here and staying positive. “And thanks everyone as well for all the lovely messages and any friends and family and that that have messaged that I haven’t got back to. “I see you all and yeah, means a lot. Much love and have a nice Friday night.” George rose to fame in the 2010s with The Wanted, who had a number of hit songs including All Time Low, Glad You Came and Heart Vacancy. His bandmate Tom Parker died in 2022 at the age of 33 after being diagnosed with an inoperable brain tumour. George, who helped carry Parker’s coffin at his funeral alongside fellow bandmates Siva Kaneswaran, Jay McGuiness and Nathan Sykes, previously said on This Morning that he continued to message his late bandmate following his death as it brought him “a bit of comfort”. He also appeared in the US musical series Glee as Clint and in his band’s reality series The Wanted Life. Over the years, he has competed in a number of competition series including Strictly Come Dancing in 2020, Bear Grylls: Mission Survive and Richard Osman’s House Of Games. George’s girlfriend is former EastEnders star Maisie Smith, who appeared on BBC One dancing competition series Strictly Come Dancing in 2020 at the same time as George, though they have previously said that romantic sparks only began to fly in 2022. He was due to appear on a MasterChef Christmas special before the BBC pulled the show from its festive schedule amid allegations about the conduct of judge Gregg Wallace across a range of shows. We do not moderate comments, but we expect readers to adhere to certain rules in the interests of open and accountable debate.
Ousted Syrian leader Assad flees to Moscow after fall of Damascus, Russian state media say DAMASCUS, Syria (AP) — Russia media say ousted Syrian leader Bashar Assad has fled to Moscow and received asylum from his longtime ally. The reports came hours after a stunning rebel advance swept into Damascus to cheers and ended the Assad family’s 50 years of iron rule. Thousands of Syrians poured into streets echoing with celebratory gunfire, joyful after a stifling, nearly 14-year civil war. But the swiftly moving events raised questions about the future of the country and the wider region. The rebels face the daunting task of healing bitter divisions in a country still split among armed factions. One rebel commander said “we will not deal with people the way the Assad family did." The fall of Bashar Assad after 13 years of war in Syria brings to an end a decades-long dynasty BEIRUT (AP) — Syrian President Bashar Assad has fled the country. Assad’s departure on Sunday brings to a dramatic close his nearly 14-year struggle to hold onto power in a brutal civil war that became a proxy battlefield for regional and international powers. Assad’s exit stood in stark contrast to his first months as Syria’s unlikely president in 2000, when many hoped he would be a young reformer after three decades of his father’s iron grip. But faced with protests of his rule that erupted in March 2011, Assad turned to his father's brutal tactics to crush dissent. A long stalemate was quickly broken when opposition groups in northwest Syria launched a surprise offensive late last month. Who is Abu Mohammed al-Golani, the leader of the insurgency that toppled Syria's Assad? BEIRUT (AP) — Abu Mohammed al-Golani, the militant leader who led the stunning insurgency that toppled Syria’s President Bashar Assad, has spent years working to remake his public image and that of his fighters. He renounced longtime ties to al-Qaida and depicts himself as a champion of pluralism and tolerance. The extent of that transformation from jihadi extremist to would-be state builder is now put to the test. The 42-year-old al-Golani is labeled a terrorist by the United States. He has not appeared publicly since Damascus fell early Sunday. But he and his insurgent force, Hayat Tahrir al-Sham, stand to be a major player in whatever comes next. Trump says he can't guarantee tariffs won't raise US prices and won't rule out revenge prosecutions WASHINGTON (AP) — Donald Trump says he can’t guarantee his promised tariffs on key U.S. foreign trade partners won’t raise prices for American consumers. And he's suggesting once more that some political rivals and federal officials who pursued legal cases against him should be imprisoned. The president-elect made the comments in a wide-ranging interview with NBC’s “Meet the Press” that aired Sunday. He also touched on monetary policy, immigration, abortion and health care, and U.S. involvement in Ukraine, Israel and elsewhere. Trump often mixed declarative statements with caveats, at one point cautioning “things do change.” Trump calls for immediate ceasefire in Ukraine and says a US withdrawal from NATO is possible WASHINGTON (AP) — Donald Trump is pushing Russian leader Vladimir Putin to act to reach an immediate ceasefire with Ukraine. Trump describes it as part of his active efforts as president-elect to end the war despite being weeks from taking office. Trump also said he would be open to reducing military aid to Ukraine and pulling the United States out of NATO. Those are two threats that have alarmed Ukraine, NATO allies and many in the U.S. national security community. Ukrainian President Volodymyr Zelenskyy says any deal would have to pave the way to a lasting peace. The Kremlin's spokesman says Moscow is open to talks with Ukraine. South Korean prosecutors detain ex-defense chief over martial law imposition SEOUL, South Korea (AP) — South Korean prosecutors have detained a former defense minister who allegedly recommended last week’s brief but stunning martial law imposition to President Yoon Suk Yeol. Local media say that ex-Defense Minister Kim Yong Hyun voluntarily appeared on Sunday at a Seoul prosecutors’ office, where he had his mobile phone confiscated and was detained. A law enforcement official says Kim was later sent to a Seoul detention facility. Kim's detention came a day after Yoon avoided an opposition-led bid to impeach him, with most ruling party lawmakers boycotting a floor vote to prevent a two-thirds majority needed to suspend his presidential powers. Gaza health officials say latest Israeli airstrikes kill at least 14 including children DEIR AL BALAH, Gaza Strip (AP) — Palestinian health officials say Israeli airstrikes in central Gaza have killed at least 14 people including children, while the bombing of a hospital in northern Gaza has wounded a half-dozen patients. Israel’s military continues its latest offensive against Hamas militants in northern Gaza, whose remaining Palestinians have been almost completely cut off from the rest of the territory amid a growing humanitarian crisis. One airstrike flattened a residential building in the urban Bureij refugee camp Sunday afternoon. That's according to the Al-Aqsa Martyrs Hospital in the nearby city of Deir al-Balah, where the casualties were taken. Trump's return may be a boon for Netanyahu, but challenges abound in a changed Middle East TEL AVIV, Israel (AP) — Israeli Prime Minister Benjamin Netanyahu is jubilant about President-elect Donald Trump's return to the White House. Trump's first term policies skewed heavily in favor of Israel, and he has picked stalwart Israel supporters for key positions in his administration. But much has transpired since Trump left office in early 2021. The turmoil in the Middle East, the lofty ambitions of Netanyahu’s far-right governing coalition and Netanyahu’s own personal relationship with the president-elect could dampen that enthusiasm and complicate what on the surface looks like a seamless alliance. The hunt for UnitedHealthcare CEO's elusive killer yields new evidence, but few answers NEW YORK (AP) — Police don’t know who he is, where he is, or why he did it. As the frustrating search for UnitedHealthcare CEO Brian Thompson’s killer got underway for a fifth day Sunday, investigators reckoned with a tantalizing contradiction: They have troves of evidence, but the shooter remains an enigma. One conclusion they are confident of, however: It was a targeted attack, not a random one. On Sunday morning, police declined to comment on the contents of a backpack found in Central Park that they believe was carried by the killer. Thompson was shot and killed Wednesday outside of a hotel in Manhattan. First 12-team College Football Playoff set, Oregon seeded No. 1 and SMU edges Alabama for last spot SMU captured the last open spot in the 12-team College Football Playoff, bumping Alabama to land in a bracket that placed undefeated Oregon at No. 1. The selection committee preferred the Mustangs (11-2), losers of a heartbreaker in the Atlantic Coast Conference title game, who had a far less difficult schedule than Alabama (9-3) of the SEC but one fewer loss. The first-of-its-kind 12-team bracket marks a new era for college football, though the Alabama-SMU debate made clear there is no perfect formula. The tournament starts Dec. 20-21 with four first-round games. It concludes Jan. 20 with the national title game in Atlanta.Alabama players react to Crimson Tide being left out of 12-team College Football Playoff
WATCH: Fallon prices security fence at Butler, Pa. rally at $410RED WING, Minn. — The Red Wing couple accused of extensive abuse of their four children both received a four-year prison sentence during their sentencing hearings on Friday afternoon, Dec. 13, at the Goodhue County Justice Center. Benjamin Taylor Cotton, 41, and Christina Ann Cotton, 38, were charged with two counts of child torture, seven counts of neglect and four counts of malicious punishment of a child, all felonies. The couple was also charged with an additional three gross misdemeanor counts of malicious punishment of a child. ADVERTISEMENT Both entered a guilty plea for one count of child torture on Sept. 4. In exchange for their pleas, the court agreed to cap the prison sentences at 48 months and dismiss the remaining charges. District Judge Douglas Bayley sentenced the couple separately, with Christina appearing first. She received four years, with 32 months in prison and 16 months on supervised probation. Benjamin’s sentencing hearing followed, with Bayley ordering him to the same four-year sentence. The state first called up Alyssa Link, a social worker assigned to the case, to read three victim impact statements. The first statement was submitted by one of the children’s therapists. She detailed instances of abuse that were reported to her, including verbal manipulation. “She cannot recall any of her own memories other than the abusive ones,” the therapist wrote. Statements written by the children questioned why their parents tortured them and asked the judge to "please lock them into prison until they are old.” Goodhue County attorney Erin Keuster argued for the court to impose the presumptive guideline sentence of four years. Anything less, Keuster said, would “unduly depreciate the devastating harm done to the Cotton children.” ADVERTISEMENT Keuster told the court that the investigation revealed that three of the four children were caged for at least half of their lives. While in the cage, the children were unable to stand up, use the restroom or have access to water. One child began being caged daily when he was 18 months old. She described the parents' actions as “cold-blooded and cruel.” “A cage will always be a cage no matter how beautiful, no matter how safe a torturer claims that it is,” she said. Charles Clas, Christina’s attorney, argued for a probationary sentence. He said the court needs to take into account the work she has done over the last two years when the Child in Need of Protection or Services (CHIPS) investigation began. Christina has participated in therapy and other programs, Clas said. If she were to receive probation, she would continue her treatment with eye movement desensitization and reprocessing, a psychotherapy technique. “The most important guide to remorse is pleading (guilty) and what you will hear from Mrs. Cotton today,” Clas said. Through sobs, Christina told the court that she takes full responsibility for making her children feel “punished, powerless and helpless.” “Keeping my children in the cages would not have been possible without me,” she said. “I wanna be a better person, your honor. I don’t wanna be the person that hurts my kids.” ADVERTISEMENT Hannah Martin, Benjamin’s attorney, argued for probation as well. With therapy, she said Benjamin has said there was abuse within their marriage. Martin said Christina would physically assault Benjamin and manipulate him to torture to the children. While there’s no treatment for those who torture children, Martin argued, there is treatment for Benjamin’s underlying mental health issues. “I do not believe that Mr. Cotton would have committed this crime with any other partner,” Martin said. In court, Benjamin became emotional when apologizing to his children. “I hope they can overcome this, and turn into strong, healthy adults despite what I’ve done,” Benjamin said. Judge Bayley told Christina and Benjamin that while he sees their remorse, it does not change the severity of their abuse. The severity of the case outweighed the attorney’s cases for probation, he said. Bayley denied both requests for downward dispositional departure. ADVERTISEMENT “There has to be a penalty for committing child torture,” Bayley said. The couple's criminal complaints allege they would routinely hold their young children in locked cages for 13 to 14 hours a day, beat them with a belt and withhold food and access to a bathroom, according to the couple's criminal complaint. The Goodhue County Health and Human Services began investigating the couple last year following a report that they were keeping a 5-year-old locked up in a wooden "cage" and subjecting the child to extreme forms of punishment, along with three other children in the home, ages 9, 7 and 2. The report stated the mother suffered from mental health issues. A social worker and a Red Wing Police Department investigator found three of the children locked in various homemade cages during an Aug. 18, 2022, inspection of the couple's Red Wing home, the complaint said. The mother, Christina Cotton, told the investigators the children were locked up for their own safety, according to the complaint. Inside one of the home's bedrooms, investigators found the 2-year-old inside a playpen with a "dog gate" tied to the top, making it impossible for the child to get out, the complaint said. Next to the playpen, the 7-year-old and 5-year-old were found in a bunk bed designed for small children that was converted into a cage by the placement of a wooden door and slats that the children could look through but not get out, court documents allege. The door also had a sliding metal lock. The height of the cage did not allow either child to fully stand up. ADVERTISEMENT The 9-year-old was found in the home's basement and was not caged or confined. Investigators found a "puke bowl" in one of the cages and it was discovered that the children were not allowed to go to the bathroom once they were put to bed in the cages. After a police officer told the mother that it was not acceptable to lock her children up, she said she did it to prevent them dying. She added the children were only locked up at night and they were still in their cages because she had slept in. The children had been kept in their cages for 13 hours that day. Further investigation found the 2-year-old had a soiled diaper that was duct taped to the child's skin, and the other children were found to have extensive bruising on their bodies that appeared consistent with being struck by an object. One of the children told a social worker that he is spanked with a black belt if he does not do his chores, according to court documents. "He stated that his dad hits him 'hard' but that his mom 'hits him really, really hard,'" part of the criminal complaint reads. Additional investigation found pictures that showed extensive bruising of the 9-year-old that the child had taken with a cell phone the day before the home inspection, the complaint said. ADVERTISEMENT All four children were evaluated by medical staff at the Midwest Children's Resource Center at Children's Hospital in St. Paul. A licensed psychologist determined that this abuse goes well beyond what is typically viewed as physical and emotional abuse and could fit into a category of abuse called "intrafamilial child torture."What exactly is an AI agent?Max George ‘staying positive’ amid hospital stay due to heart issues
SAN DIEGO, Dec. 09, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a class action was filed on behalf of persons and entities that purchased or otherwise acquired Symbotic Inc. (NASDAQ: SYM) securities between February 8, 2024 and November 26, 2024. Symbotic is an automation technology company that engages in the production of a robotics and automation-based product movement technology platform. For more information, submit a form , email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbins LLP is Investigating Allegations that Symbotic Inc. (SYM) Failed to Disclose Material Weaknesses in its Internal Control Over Financial Reporting According to the complaint, on November 27, 2024, the Company filed with the SEC a Form 8-K/A, in which the Company revealed it had "identified errors in its revenue recognition related to cost overruns on certain deployments that will not be billable, which additionally impacted system revenue, income (loss) before income tax, net income (loss) and gross margin recognized in the second, third, and fourth quarters of fiscal year 2024." Further, the Company indicated that its previously issued financial statements for the fourth quarter and fiscal year 2024 and the Company’s supplemental presentation, should no longer be relied upon. On this news, the price of Symbotic stock fell over 35%, to close at $24 per share on November 27, 2024. What Now: You may be eligible to participate in the class action against Symbotic Inc. Shareholders who want to serve as lead plaintiff for the class must submit their application to the court by February 3, 2025. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here . All representation is on a contingency fee basis. Shareholders pay no fees or expenses. About Robbins LLP: Some law firms issuing releases about this matter do not actually litigate securities class actions; Robbins LLP does. A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. Since our inception, we have obtained over $1 billion for shareholders. To be notified if a class action against Symbotic Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today. Attorney Advertising. Past results do not guarantee a similar outcome. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3edbf291-c5a4-45f0-a769-259266b2c15bTrump seeks dismissal of hush money case, citing election victory Manhattan jury finds Trump guilty of falsifying business records to pay adult star Stormy Daniels Donald Trump has asked a New York state judge to dismiss the criminal case in which he was convicted in May on 34 felony counts related to hush money paid to adult film actress Stormy Daniels, Reuters reported. In a motion filed Tuesday, Trump’s lawyers argued that continuing the case after his election victory would disrupt his ability to govern, as the charges would hang over him when he takes office on January 20. Trump’s defense team, led by Todd Blanche and Emil Bove, urged Justice Juan Merchan to vacate the guilty verdict and dismiss the charges, calling the case an unwarranted disruption by Manhattan District Attorney Alvin Bragg. They argued that local officials like Bragg have no valid reason to cause such a distraction during Trump's presidential term. The motion was made public after Merchan delayed Trump’s sentencing, originally scheduled for November 26, to allow time for Trump’s legal team to argue for dismissal. Prosecutors from Bragg’s office have agreed to the delay but indicated they would oppose the dismissal. The judge has not yet set a date for ruling or rescheduling sentencing. Trump’s lawyers also referenced President Joe Biden’s pardon of his son, Hunter Biden, in their motion, calling it an "extraordinary condemnation" of the Justice Department's actions. They reiterated their claim that Bragg’s prosecution was politically motivated, alleging coordination with the Biden administration. The case stems from a $130,000 payment made to Daniels in 2016 to silence her about an alleged affair with Trump, which he denies. Trump was found guilty of falsifying business records related to the payment, marking the first time a sitting or former US president has been convicted of a criminal offense. Trump faces additional legal challenges, including charges related to classified documents and his efforts to overturn the 2020 election results. China halts export of key minerals to US amid rising trade tensions Martial law will be lifted, announces South Korea President Yoon India eyes business ties with China after border row resolved Martial law declared in S Korea, troops try to barge into parliamentA 7-year-old rivalry between tech leaders Elon Musk and Sam Altman over who should run OpenAI and prevent an artificial intelligence "dictatorship" is now heading to a federal judge as Musk seeks to halt the ChatGPT maker's ongoing shift into a for-profit company. Musk, an early OpenAI investor and board member, sued the artificial intelligence company earlier this year alleging it had betrayed its founding aims as a nonprofit research lab benefiting the public good rather than pursuing profits. Musk has since escalated the dispute, adding new claims and asking for a court order that would stop OpenAI’s plans to convert itself into a for-profit business more fully. The world's richest man, whose companies include Tesla, SpaceX and social media platform X, last year started his own rival AI company, xAI. Musk says it faces unfair competition from OpenAI and its close business partner Microsoft, which has supplied the huge computing resources needed to build AI systems such as ChatGPT. “OpenAI and Microsoft together exploiting Musk’s donations so they can build a for-profit monopoly, one now specifically targeting xAI, is just too much,” says Musk's filing that alleges the companies are violating the terms of Musk’s foundational contributions to the charity. OpenAI is filing a response Friday opposing Musk’s requested order, saying it would cripple OpenAI’s business and mission to the advantage of Musk and his own AI company. A hearing is set for January before U.S. District Judge Yvonne Gonzalez Rogers in Oakland. At the heart of the dispute is a 2017 internal power struggle at the fledgling startup that led to Altman becoming OpenAI's CEO. Musk in an email outlined a plan where he would “unequivocally have initial control of the company” but said that would be temporary. He grew frustrated after two other OpenAI co-founders said he would hold too much power as a major shareholder and chief executive if the startup succeeded in its goal to achieve better-than-human AI known as artificial general intelligence , or AGI. Musk has long voiced concerns about how advanced forms of AI could threaten humanity. “The current structure provides you with a path where you end up with unilateral absolute control over the AGI," said a 2017 email to Musk from co-founders Ilya Sutskever and Greg Brockman. “You stated that you don't want to control the final AGI, but during this negotiation, you've shown to us that absolute control is extremely important to you.” In the same email, titled “Honest Thoughts,” Sutskever and Brockman also voiced concerns about Altman's desire to be CEO and whether he was motivated by “political goals.” Altman eventually succeeded in becoming CEO, and has remained so except for a period last year when he was fired and then reinstated days later after the board that ousted him was replaced. OpenAI published the messages Friday in a blog post meant to show its side of the story, particularly Musk's early support for the idea of making OpenAI a for-profit business so it could raise money for the hardware and computer power that AI needs. It was Musk, through his wealth manager Jared Birchall, who first registered “Open Artificial Technologies Technologies, Inc.”, a public benefit corporation, in September 2017. Then came the “Honest Thoughts” email that Musk described as the “final straw.” “Either go do something on your own or continue with OpenAI as a nonprofit,” Musk wrote back. OpenAI said Musk later proposed merging the startup into Tesla before resigning as the co-chair of OpenAI's board in early 2018. Musk didn't immediately respond to emailed requests for comment sent to his companies Friday. Asked about his frayed relationship with Musk at a New York Times conference last week, Altman said he felt “tremendously sad” but also characterized Musk’s legal fight as one about business competition. “He’s a competitor and we’re doing well,” Altman said. He also said at the conference that he is “not that worried” about the Tesla CEO’s influence with President-elect Donald Trump. OpenAI said Friday that Altman plans to make a $1 million personal donation to Trump’s inauguration fund, joining a number of tech companies and executives who are working to improve their relationships with the incoming administration. —————————— The Associated Press and OpenAI have a licensing and technology agreement allowing OpenAI access to part of the AP’s text archives.Qatar-Nato relationship robust across multiple fields: official
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China stocks post worst day in 6 weeks as poor tech earnings, Trump fears weighhas officially launched the Department of Communication and Digital Transformation (DCDT), marking a milestone that reflects the nation’s commitment to using communication and digital technology as drivers of progress, inclusion, and resilience. Mrs. Cherol Ala, Director General (DG) of the Prime Minister’s Office (PMO), commented on the importance of this development: “The creation of this department reflects a recognition of the profound role that communication and digital technology play in shaping our societies. In today’s interconnected world, these fields are no longer optional tools but essential drivers and enablers of economic growth, social equity, and public good.” The department is founded on three guiding principles: connectivity, inclusivity, and innovation, with the overarching goal of empowering the people of Vanuatu. DG Ala emphasised the department’s commitment to building robust digital infrastructure across the nation, ensuring that every citizen, from urban centres to remote villages, has access to reliable, affordable, high-speed communication networks. This connectivity will form the foundation for Vanuatu’s digital economy, enabling advancements in education, healthcare, and economic empowerment. The department places people at the heart of its mission, focusing on ensuring no one is left behind in the digital age. Initiatives will include digital literacy programmes and support for marginalised communities, women, youth, and vulnerable groups to enable them to thrive in a connected world. The DCDT aims to serve as a hub for innovation by collaborating with public agencies, private sector stakeholders, and academic institutions. T hese partnerships will drive the development of solutions to societal challenges, from bridging poverty gaps to promoting technological breakthroughs. The department also commits to upholding ethical governance, ensuring data privacy, cybersecurity, and responsible use of emerging technologies such as artificial intelligence and cloud infrastructure. “This department is dedicated to upholding the highest standards of ethical governance while valuing the criticality of state sovereign data and citizens’ privacy,” DG Ala assured. The establishment of DCDT builds upon decades of progress. The ICT unit was first established in 2000 within the Ministry of Finance and Economic Management to manage financial systems. Subsequent milestones include the liberalisation of the telecommunications sector in 2007, the formation of the Office of Telecommunications and Radiocommunications Regulator in 2009, and the establishment of the Office of the Government Chief Information Officer (OGCIO) in 2011. In 2021, the Council of Ministers approved the transformation of OGCIO into the Department of Communication and Digital Transformation under Decision No. 146 of 2021. This evolution reflects the growing importance of digital transformation in national development. Since 2012, the OGCIO has received over VT300 million to fund policy development and manage the Government Broadband Network. DG Ala described digital transformation as a “strategic necessity for enhancing productivity and resilience.” DG Ala called upon all stakeholders to support the department’s vision. She emphasised the roles of the government in creating enabling policies, the private sector in driving investment and innovation, and civil society in amplifying community voices. She conveyed her gratitude to all those who contributed to making the department a reality, stating, “Your efforts are laying the foundation for a brighter future.”