
This Energy Stock Rocketed More Than 100% in 2024. Does It Have the Fuel to Continue Rallying in 2025?Saudi Gazette report RIYADH — The number of individual investment portfolios in the Saudi main stock market achieved a year-on-year growth of approximately 12 percent in the third quarter of 2024, reaching 12,755,615 investment portfolios. This figure records an increase of more than 1.32 million investment portfolios, compared to the same period in 2023, when it stood at 11,434,692 investment portfolios, according to the quarterly statistical bulletin issued by the Capital Market Authority. The total number of individuals owning investment portfolios recorded a growth of 7.3 percent year-on-year, with an increase of 439,596, reaching 6,493,676 investors, compared to the same period last year, when they recorded 6,054,080 investors. Men constituted about 74.4 percent of the total number of investment portfolio owners, with a number of 4,830,990 investors, achieving a growth on an annual basis of 8 percent, an increase of 355,277 investors, compared to 4,475,713 investors in the same period last year. While the number of women recorded 25.6 percent of the total, with 1,662,686 female investors, recording an annual growth of 5.3 percent, and an increase of 84,319 female investors, compared to 1,578,367 female investors in the same period last year, the bulletin pointed out. < Previous Page Next Page >
Trump's TikTok love raises stakes in battle over app's fateSuper Micro Computer: The Stock That's Doomed To Fail
Donald Trump asks Supreme Court to hold off TikTok ban so he can 'negotiate a resolution' By MELISSA KOENIG FOR DAILYMAIL.COM Published: 23:14, 27 December 2024 | Updated: 23:51, 27 December 2024 e-mail 25 View comments President-Elect Donald Trump has made a last minute plea to get the United States Supreme Court to halt implementation of a nationwide TikTok ban. Congress had passed a law earlier this year banning the popular video-sharing app as of January 19 if it is not sold by its Chinese parent company by then. Executives at the platform then made an emergency plea to the Supreme Court earlier this month to block the federal law, and on Friday Trump's legal team filed its own request to delay the implementation of the law. 'President Trump takes no position on the underlying merits of this dispute,' D. John Sauer, Trump's lawyer whom he picked for US solicitor general wrote in the filing, according to NBC News. 'Instead, he respectfully requests that the Court consider staying the Act's deadline for divestment of January 19, 2025 while it considers the merits of this case, thus permitting President Trump's incoming administration the opportunity to pursue a political resolution of the questions at issue in this case.' 'President Trump alone possesses the consummate deal-making expertise, the electoral mandate and the political will to negotiate a resolution to save the platform while addressing the national security concerns expressed by the government - concerns which President Trump himself has acknowledged,' Sauer continued. 'In light of these interests - including most importantly, his overarching responsibility for the United States' national security and foreign policy - President Trump opposes banning TikTok in the United States at this juncture and seeks the ability to resolve issues at hand through political means once he takes office.' Trump has previously voiced his opposition to the Protecting Americans from Controlled Applications App, which President Joe Biden signed into law in April, and vowed on the campaign trail to 'save TikTok.' He even met with TikTok CEO Shou Zi Chew earlier this month to discuss the issue, after proclaiming, 'I have a warm spot in my heart for TikTok because I won youth by 34 points.' President-elect Donald Trump has has made a last minute plea to get the United States Supreme Court to halt implementation of a nationwide TikTok ban Congress passed a resolution earlier this year banning the popular video-sharing app as of January 19 if it is not sold by its Chinese parent company by then 'There are those who say TikTok had something to do with that.' Friday's filing even touted the future president as 'one of the most powerful, prolific and influential users of social media in history. 'Indeed, President Trump's first term was highlighted by a series of policy triumphs achieved through historic deals, and he has a great prospect of success in this latest national security and foreign policy endeavor,' it says. Executives at TikTok have also pointed at Trump's sympathies in their own legal arguments, suggesting the trajectory may change when he takes office, The Hill reports. But the Supreme Court agreed to hear arguments both from the government and the platform at an expedited schedule, starting on January 10. It would then only have nine days after oral arguments for them to issue an opinion or indefinitely block the Protecting Americans from Controlled Applications App - despite Trump not taking office until January 20 - one day after the platform must be divested from its parent company, ByteDance, or be banned in the United States. In the meantime, the company seeks to argue that such a law violates the First Amendment to the Constitution. Yet the United States Court of Appeals for the District of Columbia Circuit decided to uphold the law, concluding that the government's national security justifications for banning the app - including concerns that the Chinese government could access data about American users and manipulate content - were legitimate. The United States Supreme Court agreed to hear arguments both from the government and the platform at an expedited schedule, starting on January 10 Some wealthy Americans have since expressed an interest in buying TikTok's US business , including 'Shark Tank' star Kevin O ́Leary. Big tech companies could also afford to buy the platform, but would likely face intense scrutiny from antitrust regulators in both the US and China. Activision CEO Bobby Kotick - who helped broker the $69 billion sale of his company to Microsoft last year - may have the resources to buy the Chinese app and the technological know how in order to create a new algorithm for it. Kotick floated the idea of buying TikTok in March to numerous people at a dinner, the Wall Street Journal reported, with one of them being OpenAI CEO Sam Altman. Beyond Altman's $2 billion net worth, he is an attractive partner in the bid to acquire TikTok because he could give the eventual US version of the app a head start in training its AI models. Yet even if an American company does buy the platform, the China's Commerce Ministry would have to approve ByteDance's divestiture from TikTok - which the Chinese government has strongly opposed. TikTok US Supreme Court Donald Trump Share or comment on this article: Donald Trump asks Supreme Court to hold off TikTok ban so he can 'negotiate a resolution' e-mail Add commentThe fight for the future of the Liberal Party of Canada has begun. It is no longer a question of whether Prime Minister Justin Trudeau should resign — for most of caucus, that question is settled. It may even be settled for the prime minister. He is in British Columbia, possibly taking the 2024 version of a walk in the snow, a run down the ski hill. What is now up for debate is who should pick the next Liberal leader and what that means for the party. On Monday, the Star has learned, the Liberals’ Atlantic caucus met over Zoom and came to the same conclusion as their Ontario counterparts did last Saturday: Trudeau needs to go. They tasked their caucus chair, Nova Scotia MP Kody Blois, to report the message to the Prime Minister’s Office and ask for a national caucus meeting in early January for MPs to decide whether an interim leader should be appointed. Cabinet ministers who were on the call did not dissuade their colleagues. In fact, according to three sources who spoke on condition of anonymity, Finance Minister Dominic LeBlanc focused on what should happen after Trudeau’s resignation. LeBlanc argued the party didn’t have time for a lengthy leadership race and left the impression that caucus should pick the next leader. (LeBlanc did not respond to a request for comment.) It’s a self-interested argument, of course. LeBlanc, affable and experienced, would be a strong contender for leader — if not the most likely — from caucus’s standpoint. He wouldn’t be the first to make the argument. After Chrystia Freeland’s surprise resignation as finance minister , prime minister Jean Chrétien’s former chief of staff, Eddie Goldenberg, called for Trudeau to resign effective Jan. 6 and for Freeland to be selected by the caucus and cabinet as the next permanent leader. Goldenberg, in an essay on Nationalnewswatch.com , argued the party didn’t have three or four months to hold a contest and it should suspend a normal leadership convention. For Canadians who lived through the last time the Grits anointed their leader, it may seem a strange argument to make. Could the Liberal Party of Canada’s 2011 near-death experience have been avoided if the party hadn’t chosen to crown Michael Ignatieff leader in 2009 and instead allowed a one-member-one-vote contest? Road testing leaders doesn’t necessarily mean a better candidate or a better election performance. Stéphane Dion was elected by the party in 2006, beating out Ignatieff, and his lacklustre performance during the leadership campaign was pretty much duplicated during the 2008 election. But a leadership contest does allow for a preview of what’s to come. What’s more, it injects energy, allows for new entrants, for new ideas, for new data points to be collected be it money, or emails and phone numbers of potential Liberal voters. In a Friday morning email to caucus colleagues, obtained by the Star, Calgary MP George Chahal expressed frustration at the current state of affairs and argued against a caucus vote. “Any rational individual in a position of leadership would resign,” and “any group of individuals providing advice based on data and logic would reach the same conclusion,” Chahal wrote, lamenting the past six months that had been spent trying to make the case as respectfully as possible. “Unfortunately, a small cabal have (sic) decided to pursue a reckless strategy of mutual assured political destruction. It is clear the Liberal Party of Canada is not their priority,” he wrote. Trudeau no longer had the support of caucus, Chahal expressed, and “to maintain some dignity” the prime minister should immediately tender his resignation. Caucus, he wrote, should elect an interim leader who could head the government for the next 60 to 75 days, and he called for the party — through its governing board — to start the immediate process for an expedited leadership process that is transparent and democratic. “I and other members (of) caucus do not support a secret conclave where caucus chooses the new leader,” Chahal wrote. Some MPs fear that Trudeau will hang on as long as possible so that LeBlanc’s argument — that there isn’t enough time for a leadership race — comes to fruition. That could leave Trudeau in place — the Conservatives seem intent on ensuring that happens — or ensure a caucus insider is appointed. The Prime Minister’s Office seems resistant to the idea of appointing an interim leader, further fuelling those concerns. This week, Trudeau’s former principal secretary Gerald Butts weighed in, arguing that Goldenberg’s argument would “confirm Canadians’ worst instincts about the Liberal party. “ ‘There’s no time for democracy’ is a tell of an argument,” Butts wrote on Substack . “It’s also bad strategy. If you want to know who can play hockey, put on a hockey game. It doesn’t matter who you think you support at this moment, we’ll all have a more seasoned view if we see these people in live action. “Competitions create better competitors. In politics, leadership campaigns make for better general election campaign teams. They train people, test ideas, build resilience,” he wrote. There is self-interest there, too. Butts is close with former Bank of Canada governor and likely Liberal leadership candidate Mark Carney. But he’s not wrong. Battle lines are being drawn, camps are organizing and attempting to sway the party executive and caucus to enact rules that benefit their interest. What’s clear is that the longer Trudeau takes to make his decision, the more Canadians will know he’s less interested in building the Liberal movement he spoke of in 2013 when he was elected party leader, and more interested in returning to “the old ways of doing politics” he used to denounce.