The 26-year-old man charged in last week’s killing of UnitedHealthcare’s CEO appeared in a Pennsylvania courtroom on Tuesday, where he was denied bail and his lawyer said he'd fight extradition to New York City, where the attack happened. Luigi Nicholas Mangione was arrested Monday in last Wednesday's attack on Brian Thompson after they say a worker at a McDonald’s in Altoona, Pennsylvania, alerted authorities to a customer who resembled the suspected gunman. When arrested, Mangione had on him a gun that investigators believe was used in the attack and writings expressing anger at corporate America, police said. As Mangione arrived at the courthouse Tuesday, he struggled with officers and shouted something that was partly unintelligible but referred to an “insult to the intelligence of the American people.” Mangione is being held on Pennsylvania charges of possession of an unlicensed firearm, forgery and providing false identification to police. Manhattan prosecutors have charged him with five counts, including murder, criminal possession of a weapon and criminal possession of a forged instrument. Here are some of the latest developments: Wearing an orange jumpsuit, Mangione mostly stared straight ahead during the hearing, occasionally consulting papers, rocking in his chair, or looking back at the gallery. At one point, he began to speak to respond to the court discussion but was quieted by his lawyer. Judge David Consiglio denied bail to Mangione, whose attorney, Thomas Dickey, told the court that his client did not agree to extradition and wants a hearing on the matter. Blair County (Pennsylvania) District Attorney Peter Weeks said that although Mangione's fighting extradition will create “extra hoops” for law enforcement to jump through, it won’t be a substantial barrier to sending him to New York. In addition to a three-page, handwritten document that suggests he harbored “ill will toward corporate America,” NYPD Chief of Detectives Joseph Kenny said Monday that Mangione also had a ghost gun, a type of weapon that can be assembled at home and is difficult to trace. Officers questioned Mangione, who was acting suspiciously and carrying multiple fraudulent IDs, as well as a U.S. passport, New York Police Commissioner Jessica Tisch said. Officers also found a sound suppressor, or silencer, “consistent with the weapon used in the murder,” she said. He had clothing and a mask similar to those worn by the shooter and a fraudulent New Jersey ID matching one the suspect used to check into a New York City hostel before the shooting, the commissioner said. Kenny said Mangione was born and raised in Maryland, has ties to San Francisco and that his last known address is in Honolulu. Mangione, who was valedictorian of his Maryland prep school, earned undergraduate and graduate degrees in computer science in 2020 from the University of Pennsylvania, a university spokesman told The Associated Press on Monday. Mangione comes from a prominent Maryland family. His grandfather Nick Mangione, who died in 2008, was a successful real estate developer. One of his best-known projects was Turf Valley Resort, a sprawling luxury retreat and conference center outside Baltimore that he purchased in 1978. Mangione likely was motivated by his anger with what he called “parasitic” health insurance companies and a disdain with corporate greed, said a law enforcement bulletin obtained by The Associated Press. He wrote that the U.S. has the most expensive healthcare system in the world and that the profits of major corporations continue to rise while “our life expectancy” does not, according to the bulletin, which was based on a review of the suspect’s hand-written notes and social media postings. The defendant appeared to view the targeted killing of the UnitedHealthcare CEO as a symbolic takedown and may have been inspired by “Unabomber” Ted Kaczynski, whom he called a “political revolutionary,” the document said. Police said the person who killed Thompson left a hostel on Manhattan's Upper West Side at 5:41 a.m. on Wednesday. Eleven minutes later, he was seen on surveillance video walking back and forth in front of the New York Hilton Midtown, wearing a distinctive backpack. At 6:44 a.m., he shot Thompson at a side entrance to the hotel, fled on foot, then climbed aboard a bicycle and within four minutes had entered Central Park, according to police. Another security camera recorded the gunman leaving the park near the American Museum of Natural History at 6:56 a.m. still on the bicycle but without the backpack, police said. After getting in a taxi, he headed north to a bus terminal near the George Washington Bridge, arriving at around 7:30 a.m. From there, the trail of video evidence runs cold. Police have not located video of the suspect exiting the building, leading them to believe he likely took a bus out of town. Police said they are still investigating the path the suspect took to Pennsylvania. “This just happened this morning," Kenny said. "We’ll be working, backtracking his steps from New York to Altoona, Pennsylvania,” Kenny said. Associated Press reporters Lea Skene, Matt O'Brien, Sean Murphy and Cedar Attanasio contributed to this report. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. Get the latest local business news delivered FREE to your inbox weekly.MILAN — Shoppers laden with bags from Fendi, Loewe, Prada and other designer labels clog the narrow sidewalks of Milan's swankiest shopping street, bringing joy to the purveyors of high-end luxury goods this, and every, holiday season. There's even more to celebrate this year: a commercial real estate company crowned Via MonteNapoleone as the world's most expensive retail destination, displacing New York's Fifth Avenue. The latest version of American firm Cushman & Wakefield's annual global index, which ranks shopping areas based on the rent prices they command, is a sign of Via MonteNapoleone's desirability as an address for luxury ready-to-wear, jewelry and even pastry brands. A man walks past a shop Dec. 12 in Monte Napoleone street in Milan, Italy. The average rent on the Milan street surged to $2,047 per square foot, compared with $2,000 per square foot on an 11-block stretch of upper Fifth Avenue. Via MonteNapoleone's small size — less than a quarter-mile long — and walking distance to services and top cultural sites are among the street's key advantages, according to Guglielmo Miani, president of the MonteNapoleone District association. "Not everything can fit, which is a benefit," since the limited space makes the street even more exclusive and dynamic, said Miani, whose group also represents businesses on the intersecting side streets that together with Via MonteNapoleone form an area known as Milan's Fashion Quadrilateral. Women look a shop Dec. 12 in Monte Napoleone street in Milan, Italy. The biggest brands on the street make 50 million euros to 100 million euros in annual sales, Miani said, which goes a long way to paying the rent. Tiffany & Co. is preparing to take up residence on Via Montenapoleone, and longtime tenant Fendi is expanding. The MonteNapoleone District says 11 million people visited the area this year through November, but there's no way to say how many were big spenders vs. window shoppers. The average shopper on Via MonteNapoleone spent 2,500 euros per purchase between August and November — the highest average receipt in the world, according to the tax-free shopping firm Global Blue. The street is a magnet for holiday shoppers who arrive in Maseratis, Porsches and even Ferraris, the sports car's limited trunk space notwithstanding. A mannequin is seen Dec. 12 in a shop in Monte Napoleone street in Milan, Italy. Lights twinkle overhead, boutique windows feature mannequins engaged in warm scenes of holiday fun, and passersby snap photos of expertly decorated cakes in pastry shop displays. A visitor from China, Chen Xinghan, waited for a taxi with a half-dozen shopping bags lined up next to him on the sidewalk. He said he paid half the price for a luxury Fendi coat that he purchased in Milan than he would have at home. "I got a lot," Chen acknowledged. "It's a fantastic place, a good place for shopping." A man waits for a taxi Dec. 12 in Monte Napoleon street in Milan, Italy. A few store windows down, Franca Da Rold, who was visiting Milan from Belluno, an Italian city in the Dolomites mountain range, marveled at a chunky, yardslong knit scarf priced at 980 euros. "I could knit that in one hour, using 12-gauge knitting needles as thick as my fingers, and thick wool. Maximum two hours," Da Rold said, but acknowledged the brand appeal. Buildings are decorated Dec. 12 in Monte Napoleone street in Milan, Italy. Despite upper Fifth Avenue getting bumped to the No. 2 spot on the Cushman & Wakefield list, the organization that serves as the Manhattan street's guardian and chief promoter had praise for MonteNapoleone's achievement. "Milan's investment in its public realm is paying off, which is a win for their shoppers, businesses and city as a whole," said Madelyn Wils, interim president of the Fifth Avenue Association. She also expressed confidence that with new investments and a record year for sales on Fifth Avenue, "we'll be back on top in no time." The holiday season feels a little less jolly considering the amount of waste generated by gift-giving. The Environmental Protection Agency estimates the amount of household garbage in the U.S. increases by 25% between Thanksgiving and New Year's. After the decorations come down, all that waste heads to landfills, producing a significant contributor to climate change: methane gas. "Greening" the holidays is essential, and one simple tip is to think more about how sustainable the materials are in your decorations, decor, and, of course, gifts. Instead of plastics, you could opt for items that can be reused, are made of renewable materials or natural fibers that boast a smaller environmental impact in both production and durability. Due to consumers' desires for more eco-friendly goods, sustainable materials are among the biggest trends in home decor. Fortunately, there are plenty of affordable—and earth-conscious—home goods that make perfect holiday gifts. Made Trade rounded up a list of sustainable home decor trends in 2025 that offer dozens of creative options for holiday gift-giving. Each trend includes examples of great gifts for the home and advice for ensuring items are sustainably produced or can help create a more eco-friendly space. In the depths of winter's gray days, it's a real gift to see a little green, which is why indoor gardening gifts are a wonderful idea. Not only are they eco-friendly and promote sustainability—the more food you can grow yourself, the less you have to buy—they also foster an appreciation of nature and bring the natural world indoors to enjoy. Sprouting kits and microgreens require minimal amounts of space and sunlight, but a sunny, south-facing window will permit a small herb garden or leafy greens for salads. If you're not sure what kind of light your recipient has access to, go with gifting indoor grow lamps along with the plants, or pick a hardy, low-water houseplant—some can act as natural air purifiers too. When buying gifts for the home, consider what materials the items are made from and how far away they come from—not only are natural materials like rattan, jute, palm leaves, clay, organic cotton and linen, and ceramics more sustainable, but if they are being used by a local craftsperson, gifters are also saving on fossil fuels for the transportation. Plus, you're helping the local economy by supporting local craftspeople, so it's a win-win. Natural fiber pillows, sheets, blankets, and even doormats offer comfort and consideration of the environment. The most sustainable and eco-friendly gift is one you already have, so get creative about reusing materials already in or around your home (raid the recycling bin, find nice pieces of wood outside, wash out and reuse glass jars) to fashion them into new, thoughtful goods. Similarly, think vintage and secondhand—what items can you give a second life to by passing them along to someone who will find new meaning in them? Some of the most thoughtful gifts are small heirlooms—pieces of jewelry or a beloved ceramic dish—passed along to the next generation that will appreciate them. Green technology offers ways to reduce our carbon footprint in everyday life, and smart thermostats, solar lights, smart sprinklers, and smart plugs all make great gifts, saving people money and conserving our valuable resources. For those looking into home renovations or updating decor, try a new light fixture paired with smart blubs, or a new window treatment with smart shades. Even something as simple as a rain barrel can reduce energy use—and while the technology for that isn't very sophisticated, it certainly is, like composting, "smart." Integrated outdoor living is the ultimate gift, allowing us to bring the natural world into our homes. However, doing so sustainably takes a little more effort than simply leaving the doors to the deck open all the time. First, find eco-friendly and sustainable outdoor furniture, perhaps thrifting it or buying it used and fixing it up for a one-of-a-kind gift. If you can't go secondhand, choose furniture made of sustainable materials such as reclaimed wood, recycled plastic (great for outdoor rugs), or bamboo. For smaller gifts, consider solar lights, a water feature that recycles water, a rain barrel, or even a set of handmade wind chimes made from seashells. Story editing by Carren Jao. Additional editing by Kelly Glass. Copy editing by Paris Close. Photo selection by Clarese Moller. This story originally appeared on Made Trade and was produced and distributed in partnership with Stacker Studio. Get the latest local business news delivered FREE to your inbox weekly.
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S&P/TSX composite rises Wednesday while U.S. markets move lower
Natixis Advisors LLC boosted its position in XPO, Inc. ( NYSE:XPO – Free Report ) by 118.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,016 shares of the transportation company’s stock after purchasing an additional 23,339 shares during the quarter. Natixis Advisors LLC’s holdings in XPO were worth $4,625,000 at the end of the most recent reporting period. A number of other large investors have also added to or reduced their stakes in XPO. O Shaughnessy Asset Management LLC raised its holdings in XPO by 53.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 8,049 shares of the transportation company’s stock worth $982,000 after purchasing an additional 2,811 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in XPO by 21.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 79,089 shares of the transportation company’s stock worth $9,652,000 after purchasing an additional 13,981 shares in the last quarter. Paloma Partners Management Co purchased a new stake in shares of XPO during the first quarter worth about $353,000. Silvercrest Asset Management Group LLC purchased a new stake in shares of XPO during the first quarter worth about $252,000. Finally, Bayesian Capital Management LP purchased a new stake in shares of XPO during the first quarter worth about $1,323,000. 97.73% of the stock is currently owned by institutional investors. XPO Stock Down 0.5 % XPO stock opened at $148.94 on Friday. XPO, Inc. has a 12 month low of $78.72 and a 12 month high of $156.85. The firm has a market cap of $17.34 billion, a PE ratio of 48.47, a P/E/G ratio of 2.19 and a beta of 2.07. The firm has a 50 day simple moving average of $123.01 and a 200 day simple moving average of $114.53. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.06 and a quick ratio of 1.06. Analyst Upgrades and Downgrades A number of equities research analysts have recently weighed in on XPO shares. Stifel Nicolaus boosted their price target on XPO from $125.00 to $126.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Susquehanna upped their target price on XPO from $145.00 to $160.00 and gave the company a “positive” rating in a research report on Wednesday, September 18th. Evercore ISI dropped their target price on XPO from $129.00 to $125.00 and set an “outperform” rating on the stock in a research report on Thursday, October 3rd. Barclays upped their price objective on XPO from $150.00 to $170.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Finally, Wells Fargo & Company lifted their price target on shares of XPO from $119.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, XPO currently has a consensus rating of “Moderate Buy” and an average target price of $141.13. Read Our Latest Report on XPO About XPO ( Free Report ) XPO, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services. See Also Receive News & Ratings for XPO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XPO and related companies with MarketBeat.com's FREE daily email newsletter .Al Seden Joins Astreya as Chief Growth Officer 12-05-2024 09:10 PM CET | Business, Economy, Finances, Banking & Insurance Press release from: Getnews / PR Agency: Presswire Image: https://www.getnews.info/wp-content/uploads/2024/12/1733410402.jpeg Astreya Names Al Seden as Chief Growth Officer to Advance High-Impact Growth and Innovation Initiatives... Santa Clara, CA - December 5, 2024 - Astreya, a global leader in Managed IT Services and Next-Generation Digital Engineering, is delighted to welcome Al Seden as Chief Growth Officer. Seden's appointment represents a critical step in Astreya's commitment to unlocking the full potential of IT infrastructure through strategic growth, cutting-edge innovation, and an unwavering focus on client success. Romil Bahl, CEO of Astreya, expressed his enthusiasm: "Al Seden embodies the leadership and expertise needed to execute Astreya's mission of building an IT infrastructure so intelligent, you don't need to think about it. His track record of executing world-class business development strategies and scaling high-growth solutions aligns with our vision of streamlining IT operations via our technology led service offerings. We're thrilled to have him join our team." "I am excited to join Astreya at such an important time in its history," said Al Seden. "My career has prepared me to lead in dynamic and innovative environments, and I am eager to contribute to Astreya's mission of redefining IT infrastructure services." Seden brings more than two decades of experience in IT services, enterprise software, and consulting. His leadership at Kyndryl and IBM has driven transformative success, including overseeing $4 billion in annual signings and spearheading cutting-edge initiatives in cloud, security, and infrastructure modernization. His results-driven approach positions Astreya to expand client partnerships and strengthen its global presence as a leader in Managed IT Services. About Astreya Astreya combines the power of innovative IT solutions and unparalleled expertise to deliver exceptional client outcomes. As a global partner in Managed IT Services and Digital Engineering, Astreya drives growth through cutting-edge AI-based solutions, world-class infrastructure practices, and a high-performance culture. Astreya is dedicated to redefining IT infrastructure by making it seamlessly intelligent, enabling organizations to confidently navigate and lead in the digital age while thriving in an ever-changing technological landscape. With operations spanning North America, Europe, and Asia, Astreya ensures businesses are equipped to lead into tomorrow by embracing their digital transformation journey. For more information, interviews, or media inquiries, please contact: Yoli Cruz Senior Manager of Corporate Communications ycruz@astreya.com [mailto:ycruz@astreya.com] www.astreya.com [ http://www.astreya.com/ ] Media Contact Company Name: Astreya Contact Person: Media Relations Email: Send Email [ http://www.universalpressrelease.com/?pr=al-seden-joins-astreya-as-chief-growth-officer ] Country: United States Website: http://astreya.com This release was published on openPR.
Elon Musk Might Have Created a New Meme Stock. This Drone Maker’s Shares Are Soaring. - Barron'sHigh-rolling investors have positioned themselves bullish on Eaton Corp ETN , and it's important for retail traders to take note.\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in ETN often signals that someone has privileged information. Today, Benzinga's options scanner spotted 14 options trades for Eaton Corp. This is not a typical pattern. The sentiment among these major traders is split, with 35% bullish and 35% bearish. Among all the options we identified, there was one put, amounting to $37,570, and 13 calls, totaling $1,152,339. Expected Price Movements After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $230.0 and $370.0 for Eaton Corp, spanning the last three months. Analyzing Volume & Open Interest Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Eaton Corp's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Eaton Corp's whale trades within a strike price range from $230.0 to $370.0 in the last 30 days. Eaton Corp Call and Put Volume: 30-Day Overview Noteworthy Options Activity: Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume ETN CALL TRADE BEARISH 01/17/25 $8.7 $8.1 $8.3 $370.00 $156.0K 662 234 ETN CALL SWEEP BEARISH 01/15/27 $137.5 $134.9 $135.02 $250.00 $135.3K 10 30 ETN CALL SWEEP BEARISH 01/15/27 $137.5 $134.3 $135.01 $250.00 $135.0K 10 20 ETN CALL SWEEP BEARISH 01/15/27 $137.5 $133.9 $135.0 $250.00 $135.0K 10 10 ETN CALL TRADE NEUTRAL 01/17/25 $133.6 $130.2 $132.0 $230.00 $132.0K 365 20 About Eaton Corp Founded in 1911 by Joseph Eaton, the eponymous company began by selling truck axles in New Jersey. Eaton has since become an industrial powerhouse largely through acquisitions in various end markets. Eaton's portfolio can broadly be divided into two parts: its electrical and industrial businesses. Its electrical portfolio (representing around 70% of company revenue) sells components within data centers, utilities, and commercial and residential buildings, while its industrial business (30% of revenue) sells components within commercial and passenger vehicles and aircraft. Eaton receives favorable tax treatment as a domiciliary of Ireland, but it generates over half of its revenue within the US. Following our analysis of the options activities associated with Eaton Corp, we pivot to a closer look at the company's own performance. Eaton Corp's Current Market Status Currently trading with a volume of 1,089,323, the ETN's price is down by -0.13%, now at $363.57. RSI readings suggest the stock is currently is currently neutral between overbought and oversold. Anticipated earnings release is in 51 days. What Analysts Are Saying About Eaton Corp 5 market experts have recently issued ratings for this stock, with a consensus target price of $422.0. Turn $1000 into $1270 in just 20 days? 20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access .* Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on Eaton Corp with a target price of $410. * An analyst from Citigroup persists with their Buy rating on Eaton Corp, maintaining a target price of $440. * An analyst from Jefferies has decided to maintain their Buy rating on Eaton Corp, which currently sits at a price target of $440. * An analyst from UBS has revised its rating downward to Buy, adjusting the price target to $431. * In a cautious move, an analyst from Evercore ISI Group downgraded its rating to In-Line, setting a price target of $389. Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Eaton Corp with Benzinga Pro for real-time alerts. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Dec 5 (Reuters) - Elon Musk's artificial intelligence startup xAI said on Thursday it has raised around $6 billion in equity financing as it races to compete with other AI firms. The funding comes at a time xAI is looking to increase its footprint in the artificial intelligence industry by expanding its Memphis, Tennessee, supercomputer to house at least one million graphics processing units. Musk, who launched xAI last year, expanded his lawsuit against ChatGPT maker OpenAI last month saying OpenAI illegally sought to monopolize the market for generative artificial intelligence and sideline competitors. CNBC reported last month that xAI was raising $6 billion with a post-raise valuation seen at more than $50 billion. In October, OpenAI closed a $6.6 billion funding round which valued it at $157 billion. Sign up here. Reporting by Zaheer Kachwala in Bengaluru; Editing by Shounak Dasgupta Our Standards: The Thomson Reuters Trust Principles. , opens new tab
During an address in Kuwait, Prime Minister Narendra Modi projected a future where India stands as a global hub for development and a key growth engine worldwide. The event marked the first Indian Prime Ministerial visit to Kuwait in over four decades. Highlighting India's progress, Modi noted its rise as the fifth-largest economy, advancements in fintech, and a robust startup ecosystem. He underscored the nation's potential for global skill supply and technological innovation. Emphasizing strong India-Kuwait ties, Modi praised the Indian diaspora's contributions and outlined prospects for collaboration, especially in fintech and green technology. He invited the diaspora to the Pravasi Bharatiya Divas in 2025 for further engagement. (With inputs from agencies.)