Credo Technology Group Holding Ltd ( NASDAQ:CRDO – Get Free Report ) CTO Chi Fung Cheng sold 55,000 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $68.04, for a total value of $3,742,200.00. Following the sale, the chief technology officer now directly owns 8,508,602 shares of the company’s stock, valued at approximately $578,925,280.08. This trade represents a 0.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link . Chi Fung Cheng also recently made the following trade(s): Credo Technology Group Stock Down 3.8 % Credo Technology Group stock opened at $69.29 on Friday. Credo Technology Group Holding Ltd has a twelve month low of $16.82 and a twelve month high of $78.97. The company has a market capitalization of $11.59 billion, a P/E ratio of -461.93 and a beta of 2.26. The stock’s 50 day moving average is $52.82 and its 200 day moving average is $38.21. Analyst Ratings Changes Read Our Latest Stock Analysis on CRDO Institutional Investors Weigh In On Credo Technology Group A number of institutional investors have recently modified their holdings of CRDO. JPMorgan Chase & Co. boosted its stake in Credo Technology Group by 7.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,142,773 shares of the company’s stock worth $404,797,000 after purchasing an additional 909,578 shares in the last quarter. Point72 Asset Management L.P. lifted its stake in shares of Credo Technology Group by 73.6% in the third quarter. Point72 Asset Management L.P. now owns 3,916,447 shares of the company’s stock worth $120,627,000 after buying an additional 1,660,230 shares in the last quarter. Driehaus Capital Management LLC grew its holdings in shares of Credo Technology Group by 3.1% during the second quarter. Driehaus Capital Management LLC now owns 3,791,392 shares of the company’s stock valued at $121,097,000 after buying an additional 115,271 shares during the last quarter. Swedbank AB increased its position in shares of Credo Technology Group by 873.9% during the third quarter. Swedbank AB now owns 3,300,314 shares of the company’s stock valued at $101,650,000 after acquiring an additional 2,961,454 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Credo Technology Group by 5.7% in the 3rd quarter. Geode Capital Management LLC now owns 3,176,796 shares of the company’s stock worth $97,865,000 after acquiring an additional 170,412 shares during the last quarter. 80.46% of the stock is owned by hedge funds and other institutional investors. About Credo Technology Group ( Get Free Report ) Credo Technology Group Holding Ltd provides various high-speed connectivity Credo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet applications in the United States, Taiwan, Mainland China, Hong Kong, and internationally. Its products include HiWire active electrical cables, optical digital signal processors, low-power line card PHY, serializer/deserializer (SerDes) chiplets, and SerDes IP, as well as integrated circuits, active electrical cables. Further Reading Receive News & Ratings for Credo Technology Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Credo Technology Group and related companies with MarketBeat.com's FREE daily email newsletter .Eileen Gleeson refused to discuss her future after Ireland’s Euro ambition was ended by Wales in the playoff final. The FAI initially appointed Vera Pauw’s former assistant on a caretaker basis after the Dutchwoman was discarded, but her permanent tenure ended in failure. Ireland were favourites to overcome their Celtic cousins but the 2-1 defeat mothballed any confidence accrued from Friday’s 1-1 draw in Cardiff. Gleeson was head of women’s and girls football within the FAI and is believed to have brokered a deal whereby she remains within their employment if the senior job ends. "It's not something I'm going to talk about tonight,” Gleeson stonewalled in her post-match interview. "I'm not talking about anything else, other than the game tonight. We're going to pick ourselves up and we'll go again." On the match, Gleeson was critical of Rhian Wilkinson and her Welsh staff for ‘provocation’. Captain Katie McCabe was lucky to avoid a second booking before half-time. "We wanted to do the country proud, we wanted to get to Euro 2025 and we haven't - it's devastating. "Overall, we dominated, 17 shots to six. We had chances in the first half we should have done a lot better with and goals win games.” Jubilant Wilkinson said: “We matched Ireland at their game. It was tough, patchy game that rarely flowed. If we had to get in the ring for a dust-up or get it wide, it doesn’t matter. “I’m not popular with the Irish staff right now but it was a battle.”
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Our HS sports photos like the ones above put you right up close with the action and the whole experience. Check them out by clicking anywhere in the collage above to open the photo gallery. Don’t forget to share the gallery with friends and relatives. These photos are also available for purchase in a variety of sizes and finishes – just click the “BUY IMAGE” link below any photo to see available options and make a purchase. NJ.com subscribers can also get free print-quality digital downloads of any images in this gallery. Note: Because we are trying to make these galleries available for viewing as quickly as possible, the gallery may not be in its final form. If you only see a few photos, you are probably seeing an early version and more photos will be added later. Please return and refresh the page to see additions. RECOMMENDED • nj .com Football photos: St. Augustine at No. 2 Don Bosco Prep, Non-Public A semis, Nov. 22, 2024 Nov. 23, 2024, 12:41 a.m. Football photos: Butler at Cedar Grove, Group 1 semifinals, Nov. 22, 2024 Nov. 22, 2024, 8:47 p.m. Mobile device users: For the best experience downloading high-resolution images (available free and to subscribers only) and making photo purchases, it’s best to visit this page from your desktop or laptop computer. The N.J. High School Sports newsletter is now appearing in mailboxes 5 days a week. Sign up now! Follow us on social: Facebook | Instagram | X (formerly Twitter)ATLANTA--(BUSINESS WIRE)--Dec 3, 2024-- Angel Oak Financial Strategies Income Term Trust (the “Fund”), a closed-end fund traded on the New York Stock Exchange under the symbol FINS, today declared a distribution of $0.109 per share for the month of December 2024. The record date for the distribution is December 17, 2024, and the payable date is December 31, 2024. The Fund will trade ex-distribution on December 17, 2024. The Fund seeks to pay a distribution at a rate that reflects net investment income actually earned. A portion of each distribution may be treated as paid from sources other than net investment income, including but not limited to short-term capital gain, long-term capital gain, or return of capital. As required by Section 19(a) of the Investment Company Act of 1940, a notice will be distributed to shareholders in the event that a portion of a monthly distribution is derived from sources other than undistributed net investment income. The final determination of the source and tax characteristics of these distributions will depend upon the Fund’s investment experience during its fiscal year and will be made after the Fund’s year end. The Fund will send to investors a Form 1099-DIV for the calendar year that will define how to report these distributions for federal income tax purposes. Angel Oak does not provide tax advice; shareholders should consult their tax advisor. A return of capital distribution does not necessarily reflect a fund’s investment performance and should not be confused with “yield” or “income.” ABOUT FINS Led by Angel Oak’s experienced financial services team, FINS invests predominantly in U.S. financial sector debt as well as selective opportunities across financial sector preferred and common equity. Under normal circumstances, at least 50% of FINS’ portfolio is publicly rated investment grade or, if unrated, judged to be of investment grade quality by Angel Oak. ABOUT ANGEL OAK CAPITAL ADVISORS, LLC Angel Oak Capital Advisors is an investment management firm focused on providing compelling fixed-income investment solutions to its clients. Backed by a value-driven approach, Angel Oak Capital Advisors seeks to deliver attractive, risk-adjusted returns through a combination of stable current income and price appreciation. Its experienced investment team seeks the best opportunities in fixed income, with a specialization in mortgage-backed securities and other areas of structured credit. Information regarding the Fund and Angel Oak Capital Advisors can be found at www.angeloakcapital.com . Past performance is neither indicative nor a guarantee of future results. Investors should consider the investment objective and policies, risk considerations, charges and ongoing expenses of an investment carefully before investing. For more information please contact your investment representative or Destra Capital Advisors LLC at 877.855.3434. © 2024 Angel Oak Capital Advisors, which is the investment adviser to the Angel Oak Financial Strategies Income Term Trust. View source version on businesswire.com : https://www.businesswire.com/news/home/20241203558524/en/ CONTACT: Media: Trevor Davis, Gregory FCA for Angel Oak Capital Advisors 443-248-0359 trevor@gregoryfca.comCompany : Randy Chrisman, Chief Marketing & Corporate IR Officer, Angel Oak Capital Advisors 404-953-4969 randy.chrisman@angeloakcapital.com KEYWORD: GEORGIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: ASSET MANAGEMENT PROFESSIONAL SERVICES FINANCE SOURCE: Angel Oak Financial Strategies Income Term Trust Copyright Business Wire 2024. PUB: 12/03/2024 04:30 PM/DISC: 12/03/2024 04:30 PM http://www.businesswire.com/news/home/20241203558524/enUS to require passenger vehicles to sound alarms if rear passengers don’t fasten their seat belts
Abandoned mines in the US pose dangers to people and property when land gives wayCentoni, EVP and Chief Customer Experience Officer at Cisco, Brings Proven Expertise in Elevating Customer Success PLEASANTON, Calif. , Dec. 3, 2024 /PRNewswire/ -- Workday, Inc . (NASDAQ: WDAY ), a leading provider of solutions to help organizations manage their people and money , today announced the election of Liz Centoni, executive vice president and chief customer experience officer at Cisco, to its board of directors. Centoni is a seasoned leader who has a passion for leveraging technology to drive customer success and deliver unparalleled experiences. Throughout her career, Centoni has been spearheading initiatives that have significantly enhanced customer satisfaction and loyalty. "Liz's passion for championing customer success aligns perfectly with our unwavering commitment to delivering exceptional customer experiences, making her an ideal addition to our Board," said Carl Eschenbach , CEO, Workday. "Her expertise will be instrumental in ensuring that we continue to exceed customer expectations as we innovate and grow." Centoni has held a range of senior engineering and strategy roles during her 24 years at Cisco. In 2024, she led the company's $28 billion acquisition of Splunk, positioning Cisco at the forefront of the AI revolution. Centoni was also instrumental in developing Cisco's responsible AI framework, and has advocated for equity in tech at events including World Economic Forum's Annual Meeting. She is an active mentor and sponsor of underrepresented groups, including serving as Cisco's global executive sponsor for the Women in Science and Engineering (WISE) program. "Joining Workday's board is an exciting opportunity to collaborate with a company that shares my passion for empowering people and organizations through innovative technology and AI," said Liz Centoni , executive vice president and chief customer experience officer, Cisco. "I'm eager to leverage my experience to further strengthen Workday's customer-centric approach and contribute to its continued growth." Centoni's appointment is effective as of today. About Workday Workday is a leading enterprise platform that helps organizations manage their most important assets – their people and money . The Workday platform is built with AI at the core to help customers elevate people, supercharge work, and move their business forever forward. Workday is used by more than 10,500 organizations around the world and across industries – from medium-sized businesses to more than 60% of the Fortune 500. For more information about Workday, visit workday.com. © 2024 Workday, Inc. All rights reserved. Workday and the Workday logo are registered trademarks of Workday, Inc. All other brand and product names are trademarks or registered trademarks of their respective holders. Forward-Looking Statements This press release contains forward-looking statements including, among other things, statements regarding Workday's plans, beliefs, and expectations. These forward-looking statements are based only on currently available information and our current beliefs, expectations, and assumptions. Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties, assumptions, and changes in circumstances that are difficult to predict and many of which are outside of our control. If the risks materialize, assumptions prove incorrect, or we experience unexpected changes in circumstances, actual results could differ materially from the results implied by these forward-looking statements, and therefore you should not rely on any forward-looking statements. Risks include, but are not limited to, risks described in our filings with the Securities and Exchange Commission ("SEC"), including our most recent report on Form 10-Q or Form 10-K and other reports that we have filed and will file with the SEC from time to time, which could cause actual results to vary from expectations. Workday assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release, except as required by law. Any unreleased services, features, or functions referenced in this document, our website, or other press releases or public statements that are not currently available are subject to change at Workday's discretion and may not be delivered as planned or at all. Customers who purchase Workday services should make their purchase decisions based upon services, features, and functions that are currently available. SOURCE Workday Inc.Block, Inc. ( NYSE: SQ ) UBS Global Technology and AI Conference December 3, 2024 1:35 PM ET Company Participants Owen Jennings - Head of Business Conference Call Participants Tim Chioto - UBS Tim Chioto Okay, great. Welcome everyone. We are so glad to have with us today the team from Block. So we're going to be introducing Owen Jennings to the investment community. This is Owen's first time doing a conference like this. Owen is Block's Business Lead. We'll get into his role in a second, but I want to just take a moment to thank Owen, but also Nikhil, Tori, Katie, the IR team that all made it out here today. So thank you for traveling to Arizona and being with us. All right, so we're going to get into introducing Owen and into some great topics, but first I want to read a disclaimer and then we'll get the ball rolling. So during this conversation, Owen may make forward-looking statements, which may include statements about market trends and conditions and Block's preliminary expectations for its future financial performance. These forward-looking statements are subject to certain risks, assumptions, and uncertainties. Owen may also speak as to certain non-GAAP metrics, which are not intended to be a substitute for Block's GAAP results. Please review Block's filings with the SEC as well as its investor presentation on its investor relations website for comparable GAAP financial measures. Further references to Block's lending and bank products include those that are offered through Block's bank partners. So with that, as I mentioned, Owen is Block's Business Lead. He spent time on the Square Ecosystem. He spent time in Cash App. Owen, if you could introduce yourself and maybe some of the roles that you've played at Block over the last decade. Owen Jennings Sure. Thanks so much, Tim. Thanks
NASA recently released several new documents as part of an , a roadmap meant to guide the space agency in its efforts to explore the surface of the Moon under the Artemis campaign and eventually send crewed missions to Mars. Table of Contents Revised Architecture Definition Document The latest update to the architecture includes a revision of the Architecture Definition Document, which covers exploration plan processes and technical approaches, NASA said Friday. The revised document now offers more information concerning the agency’s decision road-mapping process. The revised document now also lists opportunities that will help technology developers determine what research to prioritize to help enable the Moon to Mars architecture. Nuclear Fission, Lunar Cargo Lander & Initial Habitat The architecture update also includes 12 new white papers, with one highlighting the intent to use nuclear fission as the primary power source to sustain personnel on the surface of Mars. The update also adds two new elements to the architecture. The first is a lunar surface cargo lander, which will deliver various payloads, including those for logistics, communications and science and technology. The second is an initial surface habitat to house astronauts on the lunar surface. Architecture Concept Review The changes come on the heels of an Architecture Concept Review, which NASA Associate Administrator said is “critical to getting us on a path to mount a human mission to Mars.” “We’re taking a methodical approach to mapping out the decisions we need to make, understanding resource and technological trades, and ensuring we are listening to feedback from stakeholders,” Free added.Miller puts up 24, SMU downs Longwood 98-82
Is Enron back? If it's a joke, some former employees aren't laughing
ST. SIMONS ISLAND, Ga. (AP) — PGA Tour rookie Patrick Fishburn played bogey-free for an 8-under 64 for his first lead after any round. Joel Dahmen was 10 shots behind and had a bigger cause for celebration Friday in the RSM Classic. Dahmen made a 5-foot par putt on his final hole for a 2-under 68 in tough conditions brought on by the wind and cold, allowing him to make the cut on the number and get two more days to secure his PGA Tour card for next year. He is No. 124 in the FedEx Cup. “I still got more to write this weekend for sure,” said Dahmen, who recently had said his story is not yet over. “But without having the opportunity to play this weekend, my story would be a lot shorter this year.” Fishburn took advantage of being on the easier Plantation course, with trees blocking the brunt of the wind and two additional par 5s. He also was helped by Maverick McNealy, who opened with a 62 on the tougher Seaside course, making two bogeys late in his round and having to settle for a 70. Fishburn, who already has locked up his card for next year, was at 11-under 131 and led McNealy and Lee Hodges (63) going into the weekend. Michael Thorbjornsen had a 69 and was the only player who had to face Seaside on Friday who was among the top five. What mattered on this day, however, was far down the leaderboard. The RSM Classic is the final tournament of the PGA Tour season, and only the top 125 in the FedEx Cup have full status in 2025. That’s more critical than ever with the tour only taking the top 100 for full cards after next season. Players like Dahmen will need full status to get as many playing opportunities as they can. That explains why he felt so much pressure on a Friday. He didn’t make a bogey after his opening hole and was battling temperatures in the low 50s that felt even colder with the wind ripping off the Atlantic waters of St. Simons Sound. He made a key birdie on the 14th, hitting a 4-iron for his second shot on the 424-yard hole. Dahmen also hit wedge to 2 feet on the 16th that put him on the cut line, and from the 18th fairway, he was safely on the green some 40 feet away. But he lagged woefully short, leaving himself a testy 5-footer with his job on the line. “It was a great putt. I was very nervous,” Dahmen said. “But there’s still work to do. It wasn’t the game-winner, it was like the half-court shot to get us to halftime. But without that, and the way I played today, I wouldn’t have anything this weekend.” His playing partners weren’t so fortunate. The tour put three in danger of losing their cards in the same group — Zac Blair (No. 123), Dahmen and Wesley Bryan (No. 125). The cut was at 1-under 141. Blair and Bryan came to the 18th hole needing birdie to be assured of making the cut and both narrowly missed. Now they have to wait to see if anyone passes them, which is typically the case. Thorbjornsen in a tie for fourth and Daniel Berger (66 at Plantation) in a tie for 17th both were projected to move into the top 125. Dahmen, indeed, still has work to do. Fishburn gets a weekend to see if he can end his rookie year with a win. “I’ve had a lot of experience playing in cold growing up in Utah, playing this time of year, kind of get used to playing when the body’s not moving very well and you’ve got to move your hands,” said Fishburn, who played college golf at BYU. “Just pretty happy with how I played.” Ludvig Aberg, the defending champion and No. 5 player in the world competing for the first time in more than two months because of knee surgery, bounced back with a 64 on Plantation and was back in the mix. Aberg played with Luke Clanton, the Florida State sophomore who looks like he belongs each week. Clanton, the No. 1 player in the world amateur ranking who received a sponsor exemption, had a 65 at Plantation and was two shots off the lead. Clanton already has a runner-up and two other top 10s since June. “Playing with him, it’s pretty awesome to watch,” Clanton said. “We were kind of fanboying a little it. I know he’s a really good dude but to be playing with him and to see what he’s done over the last couple years, it’s pretty inspirational.” ___ AP golf:
While most investors around the world are scrambling to ditch coal plants like bad habits, a defiant European billionaire is still pushing all his chips in for this technology - scooping up these assets in a brazen move to cement coal’s place in the energy mix for many more decades to come. Czech billionaire Pavel Tykac, who owns Sev.en Global Investments, is on globe-trotting coal acquisition expedition - snapping up these power plants like rare collectibles. His reported latest conquest? A two-unit coal plant in Vietnam, but he’s not stopping there—his sights are still set on expanding his coal empire across Asia, Australia, and the United States, eyeing everything from coal mines to coal-fed plants. Sources in the coal industry suggest that Tykac’s buying spree is fueled by a fire-sale frenzy sweeping through energy markets, as many companies and even some countries are eager to flaunt their ESG credentials and have been seriously embracing energy transition goals, hence, they tend to unload coal plants even at bargain basement prices. The Czech business magnate started his pursuit to extend coal’s reign in his own country -- seizing both a coal mine and a power station, then he expanded his venture in other European energy markets. Coal’s defiance of the energy transition Whether at the negotiation chambers of the United Nations-led climate change diplomacy or at the power-laden policy tables of energy markets, the burning question persists: will coal be finally cast aside in the evolving energy mix, or does its grip on the future remain unyielding? And this very question echoes at home - that despite Philippine policymakers’ fervent drive to propel renewable energy (RE) investments on a massive scale - a relentless tug-of-war still rages between ambitious green goals and the deep-rooted reliance on fossil fuels to still power the nation’s economic growth. The Department of Energy (DOE) has steadfastly declared that: despite the 2020 coal moratorium, projects already in the pipeline—or those with permits and pre-development milestones—will continue to underpin the nation’s energy capacity, a harsh necessity in the face of a glaring baseload supply deficit that demands immediate action. Clashing voices reverberate: staunch anti-coal environmentalists and advocacy groups ferociously condemn the government for greenlighting new coal plants, while pro-coal investors argue that developing nations like the Philippines deserve a slower, more measured energy transition – all that while pointing fingers at industrialized nations for the lion's share of the climate crisis now jeopardizing the planet. For now, at least three major players have thrown their hats into the ring, unveiling plans for additional coal plant developments: the Aboitiz group’s 150-megawatt Therma Visayas expansion in Cebu, Meralco PowerGen’s massive 1,200MW Atimonan planned coal facility in Quezon, and Semirara Mining and Power Corp's targeted move to resurrect its 700MW Saint Raphael project in Batangas. In bold strokes, several of the country’s leading banks - chief among them RCBC of the Yuchengco group and Ayala-led BPI - have unflinchingly declared that they will no longer finance new coal plants, though they’ve tempered this commitment by acknowledging that existing coal projects, those funded before the shift and already on their books, will continue to be part of their loan portfolios. Other banks, however, have taken ‘more conservative stance’ on coal project financing, leaving the field still open, thus, it is interesting to see which financial giants will blink first to reinforce the gamble for the continued installation of new coal plants in the country despite the growing pressure for change. It’s also a guessing game whether the DOE’s coal retirement plan will be taken seriously under the current administration, or if the government will hold on to every last megawatt of existing coal capacity to stave off tight supply predicaments - particularly for the overburdened grids of Luzon and Visayas. Suffice it to say that the domestic energy market has morphed into an unforgiving mystery puzzle—packed with more questions than answers about coal's future, as this well-entrenched tech is now fighting tooth and nail for its reign while it locks horns with the country's ambitious green energy transformation. For over two decades, the Philippines has been caught in an endless loop of threatening power crisis—that was since the deregulation and restructuring of its power sector in 2001 by virtue of the Electric Power Industry Reform Act (EPIRA). Then each time, the default solution has been coal plants as project sponsor-firms claim that this technology remains the cheaper, albeit not a cleaner option, if compared to gas-fired plants that could promise lower carbon emissions. In the grand scheme, it’ll be intriguing to see if the future will prove that Czech billionaire Tykac’s play on stretching coal plant lifecycles will persist as a defining force in global energy mix— that in addition to his coal asset acquisitions fattening his bank account, the energy transition might still be clinging to coal like a stubborn old friend, powering economies long after it was supposed to have left the party. For feedback and suggestions, please email at: [email protected]Wall Street stocks surged to fresh records Wednesday on hopes about easing US monetary policy, shrugging off political upheaval in South Korea and France. All three major US indices scored records, with the Dow Jones Industrial Average finishing above 45,000 for the first time. "The market at this point is looking for excuses to go up, and there's not really anything that might work against that narrative," said Steve Sosnick of Interactive Brokers. "Over the last couple of days, it's managed to ignore all sorts of inconvenient things and decided that the situation in France doesn't matter for them," Sosnick said of the stock market. "The situation in Korea doesn't matter." South Korea's stock market fell less than feared and the won rebounded from earlier losses after President Yoon Suk Yeol swiftly reversed a decision to impose martial law. In Europe, Paris stocks managed to advance as France's government faced looming no-confidence votes. Late Wednesday in Paris, French lawmakers voted to oust the government of Prime Minister Michel Barnier after just three months in office, pushing the country further into political uncertainty. For the first time in over sixty years, the National Assembly lower house toppled the incumbent government, approving a no-confidence motion that had been proposed by the hard left but which crucially was backed by the far-right headed by Marine Le Pen. "Political turmoil in both France and South Korea provide a uncertain backdrop for global markets, with the likely removal of both Barnier and Yoon bringing the potential for both countries to find a fresh direction," said Joshua Mahony, chief market analyst at Scope Markets. Thomas Mathews, head of Asia-Pacific markets at Capital Economics, said the losses in Seoul could have been "much worse" had the president not aborted his plan. "Rarely does a combined sell-off in a country's stocks, bonds and currency feel like a relief rally," he said. Oil prices turned lower after surging around 2.5 percent Tuesday, mainly after the United States sanctioned 35 companies and ships it accused of involvement with Iran's "shadow fleet" illicitly selling Iranian oil to foreign markets. Major producers at the OPEC+ grouping led by Saudi Arabia and Russia were set to meet Thursday to discuss extending output limits. Back in New York, major indices were led by the Nasdaq, which piled on 1.3 percent to finish at a third straight record. Wednesday's gains came after payroll firm ADP said US private-sector hiring in November came in at a lower-than-expected 146,000 jobs, while a survey from the Institute for Supply Management showed weaker sentiment than expected in the services sector. But the lackluster data boosts expectations that the Federal Reserve will cut interest rates later this month. At a New York conference, Federal Reserve Chair Jerome Powell refrained from tipping his hand, but he "didn't say anything that would scare the market," said Briefing.com analyst Patrick O'Hare. O'Hare noted that Wednesday's gains were led by large tech names such as Nvidia and Microsoft, which are major AI players. The boost followed strong results from Salesforce, which was the biggest gainer in the Dow with an 11 percent jump. New York - Dow: UP 0.7 percent at 45,014.04 (close) New York - S&P 500: UP 0.6 percent at 6,086.49 (close) New York - Nasdaq Composite: UP 1.3 percent at 19,735.12 (close) London - FTSE 100: DOWN 0.3 percent at 8,335.81 (close) Paris - CAC 40: UP 0.7 percent at 7,303.28 (close) Frankfurt - DAX: UP 1.1 percent at 20,232.14 (close) Seoul - Kospi Index: DOWN 1.4 percent at 2,464.00 (close) Tokyo - Nikkei 225: UP 0.1 percent at 39,276.39 (close) Hong Kong - Hang Seng Index: FLAT at 19,742.46 (close) Shanghai - Composite: DOWN 0.4 percent at 3,364.65 (close) Euro/dollar: UP at $1.0510 from $1.0509 on Tuesday Pound/dollar: UP at $1.2702 from $1.2673 Dollar/yen: UP at 150.56 yen from 149.60 yen Euro/pound: DOWN at 82.71 from 82.92 pence Brent North Sea Crude: DOWN 1.8 percent at $72.31 per barrel West Texas Intermediate: DOWN 2.0 percent at $68.54 per barrel burs-jmb/jgcNEW ORLEANS (AP) — Aidan O'Connell passed for two touchdowns, tight end Brock Bowers broke two rookie NFL records , and the Las Vegas Raiders won for just the fourth time this season, 25-10 over the struggling New Orleans Saints on Sunday. Bowers' seven catches for 77 yards gave him 108 receptions for 1,144 yards this season, eclipsing Mike Ditka's 1961 rookie tight end mark of 1,067 yards receiving and Puka Nacua's 2023 mark of 105 catches by a rookie at any position. Bowers also surpassed Darren Waller's franchise mark of 107 receptions in a season, which had stood since 2020. Ameer Abdullah rushed for 115 yards for the Raiders (4-12) — the journeyman running back's first 100-yard game in his 10 NFL seasons. O'Connell finished with 242 yards passing, including a 3-yard TD pass to Jakobi Meyers and an 18-yarder to Tre Tucker. Daniel Carlson kicked four field goals — his longest from 54 yards — for the Raiders, who didn't look fazed by flight delays on Saturday that got them into their hotel after midnight, less than 12 hours before kickoff. With former Raiders QB Derek Carr unable to suit up for the Saints (5-11) because of his injured left, non-throwing hand, rookie Spencer Rattler received his fifth career start. He remained winless as a starter after completing 20 of 36 passes for 218 yards and one TD with two interceptions. Rattler also rushed for 46 yards to finish as New Orleans' leading rusher for a second straight week. The Saints used trickery to take an early 7-3 lead . Running back Kendre Miller took what looked like a toss sweep to the right before throwing a lateral back to his left, where Rattler caught it and threw 30 yards downfield to wide-open tight end Foster Moreau in the end zone. Las Vegas moved in front for good on O'Connell's short scoring pass to Meyers with a minute left in the second quarter. Saints: Miller left the game with concussion symptoms in the second quarter. LB Jaylan Ford appeared to suffer a serious lower right leg injury on punt coverage in the fourth quarter. DE Payton Turner left with an ankle injury. WR Marquez Valdes-Scantling was treated on the field late in the game — but walked off on his own — after a hard collision over the middle. Raiders: Host the Los Angeles Chargers on Sunday. Saints: Visit Tampa Bay on Sunday. AP NFL: https://apnews.com/hub/nfl
Brian Chesky Sells 38,461 Shares of Airbnb, Inc. (NASDAQ:ABNB) StockNone
SINGAPORE: The site of the former Henderson Primary School in Singapore will soon be transformed into an intergenerational co-living space with shared facilities and 107 rooms for both young and old. It will be the first state property to take on such a concept, and operators told CNA in November that they hope to have the place up and running “within the next three to four months”. Earlier in the same month, the Singapore Land Authority (SLA) announced it had awarded the tender for 98 Henderson Road to dormitory provider TS Group and co-living operator The Assembly Place. The 77,551 sq ft site was first put up for tender in June to encourage “intergenerational co-living concepts”. TS Group and The Assembly Place jointly submitted the highest out of six bids. The two companies said they see intergenerational co-living as a viable alternative to existing eldercare residential options for a rapidly greying population in Singapore. Current choices include " retirement kampungs ", community care apartments and private sector offerings such as assisted living facilities. The intergenerational co-living concept is already available in other countries such as Japan and the Netherlands, said TS Group’s chief operating officer Tome Oh, noting that these inclusive spaces can provide seniors with “meaningful social engagement” to help improve their overall well-being. “Seniors also have many experiences they can share with the younger people,” Mr Oh added. “So, it’s like a jigsaw puzzle that you can nicely put together.” Co-living in Singapore may attract more of a younger crowd for now but TS Group and The Assembly Place believe their upcoming space at Henderson Road can also appeal to seniors who lead active lifestyles and want easy access to organised activities. Other potential residents include seniors who currently live alone and wish to find new friends and be part of a community, or those looking for temporary accommodation that offers some form of care in a non-hospital setting, said Mr Oh. To meet the needs of the intergenerational residents, the companies said they have been “mindful” in planning for “functional” facilities and services. For example, rooms for the seniors will be located on the ground floor - as the site has no lifts. These will come with their own bathrooms and safety features such as grab bars and fall detection sensors. Full-time nurse aides will be stationed on site, and regular doctor consultations will be available through a partnership with Crawfurd Hospital, a private facility already working with TS Group to offer assisted living care services and accommodation, said Mr Oh. Other facilities include shared kitchens and lounges, a community garden, a multi-purpose hall for events and a gym with smart equipment to help senior residents track their fitness progress. An existing basketball court may also be converted into a venue for low-impact sports such as pickleball, which has been gaining popularity here among both young and old , said Mr Eugene Lim, director of The Assembly Place. Like all co-living spaces, the site will have dedicated community managers who organise events to help build a sense of community among residents, said Mr Lim, whose firm operates 135 co-living spaces in Singapore. “We are not a nursing home,” he added. “We want to promote active ageing and also come up with unique programming that allows both the young and old to come together.” Taking reference from similar multi-generational co-living models overseas, the upcoming space is also mulling a “benefits programme” where younger residents can receive discount vouchers - to apply to rent or other services - if they contribute back to the community. For instance in Taiwan, a co-living space called Yang-Ming Senior Apartments rents out rooms to both seniors and university students. Students pay lower rent to encourage them to organise activities and interact with their older neighbours. MORE TO COME? The 98 Henderson Road plot will be offered for lease for an initial term of four years, with an additional tenancy term of three years. Experts previously described this as a “ fairly short” lease that may make it challenging for businesses to recover their investments. The bid from TS Group and The Assembly Place was S$102,888 (US$76,373) a month, nearly S$21,000 more than the second-highest offer. Asked if their bid amount would mean a higher price point for the co-living space, Mr Oh said: “If you charge too high, nobody will come, so that will have to be balanced with market demand and expectations.” The aggressive bid also stemmed from confidence in the potential of the intergenerational co-living concept. “We are going in with our eyes open,” said Mr Lim, describing the tender as “a pilot project with a lot of unknowns”. “It is not high margins that we are looking at. Instead, we are investing in the future because we know this is going to be a necessity in the market in the long run.” In the past two years, SLA has launched a total of seven state property tenders for co-living use, and attracted more than 70 bids. “With the ongoing demand for varied co-living spaces, suitable state properties have been repurposed to meet the real estate accommodation needs of various demographic groups, including seniors, as Singapore’s population matures,” the authority said in a Facebook post on Nov 18. Looking ahead, it will explore the "adaptive reuse" of more asset classes within its state property portfolio for “differentiated co-living environments”. And one potential site being explored, said SLA, is a cluster of heritage bungalows in the Admiralty area north of Singapore.
DES MOINES — Secretary of State Paul Pate and Iowa Attorney General Brenna Bird today announced a lawsuit against Secretary of Homeland Security Alejandro Mayorkas and the United States Citizenship and Immigration Services (USCIS), demanding that the Biden-Harris Administration hand over information about known noncitizens on Iowa’s voter rolls. The Biden-Harris Administration’s USCIS has refused the State’s repeated requests for information on the hundreds of noncitizens confirmed on Iowa’s voter rolls. USCIS’s failure meant that the State had to rely on the best—imperfect—data it had available to ensure that no Iowan’s vote was canceled by an illegal, noncitizen vote. The State was then sued, due to the Biden-Harris Administration’s failure, right before election day. Senators Grassley and Ernst also called for the election integrity data that the federal government continues to withhold from Iowans. “I am suing for the Biden-Harris Administration to finally release the election integrity data that it has been hiding from Iowa,” said Attorney General Bird. “The Biden-Harris Administration knows who the hundreds of noncitizens are on our voter rolls and has repeatedly refused to tell us who they are. But the law is clear: voters must be American citizens. Together, with the Secretary of State, we will fight to maintain safe and secure elections that Iowans can count on.” The lawsuit demands that the Biden-Harris Administration follow the law and give Iowa access to data on identified noncitizens on the State’s voter rolls. “The role of Iowa Secretary of State requires balance between participation and integrity. We have identified solutions that will allow us to verify voter eligibility at registration – not at the time of voting,” said Secretary Pate. “The combination of access to the SAVE list, citizenship verification already completed by USCIS, and the ability to verify using social security numbers will not only make processes more efficient but will also provide another important tool in our toolbox to safeguard our elections process.”DENVER , Dec. 16, 2024 /PRNewswire/ -- TTEC Holdings, Inc. (NASDAQ: TTEC ), a leading global CX (customer experience) technology and services innovator for AI-enhanced CX with solutions from TTEC Engage and TTEC Digital , today announced that TTEC Digital has been recognized as the Cisco Reimagine Customer Experiences Partner of the Year – Americas. "In collaboration with Cisco, TTEC Digital is helping industry leaders in banking, healthcare, insurance, government services, and more improve their customer experiences with a strong mix of CX strategy and technology. We are honored to be recognized by Cisco for our shared success and look forward to continued partnership," said John Wolf , global Cisco lead at TTEC Digital. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.
LOS ANGELES--(BUSINESS WIRE)--Dec 16, 2024-- EVgo Inc. (NASDAQ: EVGO) (“EVgo” or the “Company”) announced today that EVgo Holdings, LLC, an affiliate of LS Power Equity Partners IV, L.P. (“LS Power”), intends to offer for sale in an underwritten public secondary offering 23,000,000 shares of Class A common stock, par value $0.0001 per share (the “Class A Shares”) of the Company. LS Power expects to grant the underwriters a 30-day option to purchase up to an additional 3,450,000 Class A Shares at the public offering price, less the underwriting discounts and commissions. No Class A Shares are being sold by the Company. LS Power will receive all of the proceeds from the sale of Class A Shares in the offering, and the Company will not receive any proceeds from this offering. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. J.P. Morgan, Goldman Sachs & Co. LLC, Morgan Stanley and Evercore ISI are acting as lead book-running managers for the offering. The Company has filed a registration statement (including a base prospectus) and a preliminary prospectus supplement relating to these securities with the Securities and Exchange Commission (the “SEC”). The registration statement became effective on August 25, 2022. The offering is being made only by means of a prospectus supplement (including the accompanying base prospectus), copies of which may be obtained, when available, from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by email at and , Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282-2198, or by telephone: (866) 471-2526 or email: , Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, and Evercore Group, L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, 35th Floor, New York, New York 10055, or by telephone at (888) 474-0200 or email: . This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful without registration or qualification under the securities laws of any such state or jurisdiction. EVgo (Nasdaq: EVGO) is one of the nation’s leading public fast charging providers. With more than 1,000 fast charging stations across 40 states, EVgo strategically deploys localized and accessible charging infrastructure by partnering with leading businesses across the U.S., including retailers, grocery stores, restaurants, shopping centers, gas stations, rideshare operators, and autonomous vehicle companies. At its dedicated Innovation Lab, EVgo performs extensive interoperability testing and has ongoing technical collaborations with leading automakers and industry partners to advance the EV charging industry and deliver a seamless charging experience. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act, as amended. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “going to,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these words or other similar terms or expressions that concern the Company’s expectations, strategy, priorities, plans or intentions. Forward-looking statements in this press release include, but are not limited to, statements relating to the completion, timing and size of the public offering and LS Power’s expectation to grant the underwriters a 30-day option to purchase additional shares. These forward-looking statements are based on management’s current expectations or beliefs and are subject to numerous assumptions, risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements, including, without limitation, risks and uncertainties related to the ability of EVgo and LS Power to complete the proposed offering on the anticipated terms or at all, market conditions and the satisfaction of closing conditions related to the proposed public offering. Additional risks and uncertainties that could affect the Company’s financial results are included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in EVgo’s Annual Report on Form 10-K for the year ended December 31, 2023 and its Quarterly Reports on Form 10-Q for the quarterly periods ended March 31, 2024, June 30, 2024 and September 30, 2024 as well as its other filings with the SEC, copies of which are available on EVgo’s website at , and on the SEC’s website at . All forward-looking statements in this press release are based on information available to us as of the date hereof, and EVgo does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by applicable law. View source version on : CONTACT: For Investors: Media: KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: EV/ELECTRIC VEHICLES BATTERIES ALTERNATIVE VEHICLES/FUELS GENERAL AUTOMOTIVE AFTERMARKET TECHNOLOGY AUTONOMOUS DRIVING/VEHICLES AUTOMOTIVE OTHER TRANSPORT AUTOMOTIVE MANUFACTURING TRANSPORT MANUFACTURING SOURCE: EVgo Copyright Business Wire 2024. PUB: 12/16/2024 04:10 PM/DISC: 12/16/2024 04:10 PM
MINNEAPOLIS (AP) — The Minnesota Timberwolves delayed their game against the San Antonio Spurs by one hour on Sunday night due to an issue with the court at Target Center. The Timberwolves announced the decision about three hours before the originally scheduled tipoff time. The Spurs discovered the problem during their morning shootaround, Timberwolves spokesman Patrick Rees said. The team decided to delay the game so arena staff had enough time to install the replacement court that had to be delivered from elsewhere. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.Where to put YOUR money in 2025: Our share guru reveals her best tips to boost returns By ANNE ASHWORTH Updated: 06:30 EST, 28 December 2024 e-mail View comments Most investors make a New Year's resolution to revamp their portfolio. But, in 2025, an unusual amount of uncertainty surrounds this annual makeover. How will President-elect Donald Trump's plans for tariffs play out - in the US and around the globe? Will new firms emerge to slow the ascent of the big tech firms that have been boosted by the generative artificial intelligence (AI) revolution? John J Hardy, chief strategist at Saxo Bank, argues that 2025 will be a year of 'big questions' but it will also be a year of excitement. 'We're entering a new era,' he says. 'Old economic models are breaking, but that creates opportunities.' What is the best way to make the most of these perplexing conditions? Top markets: US was the best performer by a clear margin, with Germany runner up in 2024 Be an optimist, says Mike Fox, head of equities at Royal London Asset Management. 'This is not to say that investments can only go up,' he adds. 'Clearly they do not in some years. But, over the long term, societies improve, economies grow, innovation thrives - and optimism wins.' If you like this way of thinking, here are the themes predicted to set the direction of the major stock markets in the months ahead. America Donald Trump will be sworn in as US president on January 20, and thereafter embark on the implementation of policies that include the imposition of import tariffs and cutting the federal budget by $2tn (£1.6tn), with the help of Tesla boss Elon Musk. The scale of the endeavour is huge, but there is a conviction that the results could be rewarding. Niamh Brodie-Machura, co-chief investment officer at Fidelity, believes that the profits of US companies will exceed those of other developed counties, 'reinforcing American exceptionalism'. Rathbone Asset Management stresses that investors should be prepared for disruption: 'It's Trump, so it's prudent to expect some good, some bad - and some wild.' Donald Trump: Policies include the imposition of import tariffs and cutting the federal budget by $2tn Peter Branner, chief investment officer at Abrdn, warns that it would be perilous to underestimate the extent of the disruption. Against this background, Rathbone argues that 'US stock prices may not be cheap but aren't expensive either', adding that growth should come from a mix of 'tighter finances, less bureaucracy, more private enterprise, cheaper energy and interest rate cuts'. In 2024, the best way to profit from American exceptionalism has been to back the tech stocks that make up the mega-cap Magnificent Seven - Google owner Alphabet, Amazon, Apple, Meta (the Facebook and Instagram group), Microsoft, Nvidia and Tesla. The Magnificent Seven should continue to dominate, but Goldman Sachs Asset Management is urging investors to look beyond this gang if you want more exposure to the generative AI revolution. For example, the semiconductor group Broadcom, which designs processors to accelerate AI systems, is being seen as 'the new Nvidia'. Stephen Yiu, manager of the Blue Whale Growth fund, says Nvidia, which is already a $3.3tn firm, would find it hard to grow another 50pc. As a $1tn company, Broadcom stands a better chance of such expansion. For a wider bet on the 'America first' strategy, consider an investment trust such as JPMorgan American, which holds Apple, Meta, Nvidia and Trane Technologies, which builds cooling systems for the vast data centres on which the AI revolution relies. Mike Fox of Royal Asset Management describes the building of these centres as a 'once-in-a-generation investment boom'. McDonald's is another holding. Jack Caffrey, the trust's manager, says that this fast food chain has 'an iconic, quintessential American brand - and a very defensive model'. A third of the US population eats there every week. America's smaller companies are also worth your consideration in light of the prediction from BNP Paribas that their profits could rise by 30pc in 2025 and 2026. Artemis US Smaller Companies and Premier Miton US Opportunities are the experts' fund picks to make the most of potentially remunerative disruption in this sector. Trump's desire to deregulate the takeover rules could produce merger mania. RELATED ARTICLES Previous 1 Next Shoppers may not have noticed yet, but we face a grave... Retailers face collapse as costs rocket and High St distress... Share this article Share HOW THIS IS MONEY CAN HELP What you need to know each week: Listen to the This is Money podcast UK Anxiety over the fallout from the Autumn Budget, inflation and the cost of borrowing seem set to loom over the UK markets. But the gloom is not all-pervasive. For one thing, since our manufacturing sector is small, we should be less affected by Trump's tariffs. As many as two-thirds of respondents to a survey by the broker Jefferies expect the FTSE 100 to rise in 2025. Analysts contend that many British companies have strong balance sheets - and are generating cash. This suggests they should be more resilient if interest rates stay higher for longer and inflation proves sticky. Guy Anderson, manager of the Mercantile investment trust, sees reasons to be cheerful in low unemployment, real wage growth and the nation's low level of household debt. Given these factors, Anderson is sanguine about the prospects for housebuilders, such as Bellway. Since the Budget, these firms' shares have tumbled, amid doubt over the Government's building targets, but they are now beginning to look oversold. The perception that UK shares are a bargain could mean another burst of takeover activity, following this year's merger mania, with £52bn of deals for British businesses struck by early November. FundCalibre suggests the TM Tellworth UK Smaller Companies fund as one route to take advantage of this trend. As 2024 ends, there is talk that the focus on the US means that UK markets are no longer 'relevant'. Carl Stick and Alan Dobbie, managers of the Rathbone Income fund, are keen to dispel this notion, resolving to champion the cause of UK plc as a source of dividends for the millions who invest primarily for income. AJ Bell forecasts that the members of the FTSE 100 will pay out £83.6bn in dividends in 2025, a 6.5pc increase on 2024 - and a new record. Help with financial advice and planning Financial planning can help you grow your wealth, sort your pension, or make sure your finances are as tax efficient as possible. A key driver for many people is investing for or in retirement and inheritance tax planning. If you are looking for help sorting your finances and want to work out whether you need advice, planning, or coaching, the following links can help you understand more: >Do you need financial planning or financial advice - and is it worth it? > Financial advice: What to ask and how much it might cost > Are you retirement ready? Take our quiz and get financial planning help > Inheritance tax planning - what you need to know to protect your wealth Europe Summoning enthusiasm for Continental Europe will be hard in the months ahead. Germany, formerly the EU powerhouse, has been in recession in all but name, while France is politically gridlocked and facing fiscal problems of such magnitude that Abrdn argues it should be seen 'as a peripheral market, rather than a core one'. This sounds unappetising but contrarian investors may think differently. Jules Bloch, co-portfolio manager of the JPMorgan European Discovery trust, says the valuations of European smaller companies are 'at some of their most attractive since 2012 - interest rates have peaked, real wages are growing, and consumer sentiment is improving'. Bloch argues these companies include the next winners from AI and drug-assisted weight loss. This month the heady rise of Novo Nordisk, maker of Ozempic and Wegovy, was halted by poor results for its new Cagrisema drug. But a more obscure Danish firm is waiting in the wing: Zealand Pharma, whose products also include a weight-loss treatment. The woes of France and Germany have overshadowed the bounceback in Spain, whose Ibex index is up by 13pc this year, and in Italy where the Borsa Italiana has increased by 10pc. The European Smaller Companies trust is a way to take a stake in the recovery of the beautiful south - and a bounceback elsewhere. China China will be the primary target of Trump's tariffs. But there are indications that Beijing is readying itself for a trade war, preparing to vigorously boost consumption, improve investment efficiency and expand domestic demand. The world's second largest economy will be endeavouring to arrest its decline with a three trillion yuan (£327bn) bond issue to finance innovation. But betting on a successful outcome will require strong nerves, in light of this year's failed stimulus packages. Nevertheless, as John Citron of the JP Morgan Emerging Markets investment trust says, China's advanced manufacturing and electric vehicle sectors are thriving, thanks to government policies that do seem effective. BYD, the electric vehicle maker, is on track to sell more cars in 2024 than Ford or Honda. Its shares have soared by 634pc since 2019. But analysts still rate the shares a 'buy'. Can the combative Trump (pictured) block BYD's progress? Or will the company continue to move faster than the European car makers in 2025? That is one of the things that investors will be watching in 2025 - in a year when no one can assume that they have all the answers. DIY INVESTING PLATFORMS AJ Bell AJ Bell Easy investing and ready-made portfolios Learn More Learn More Hargreaves Lansdown Hargreaves Lansdown Free fund dealing and investment ideas Learn More Learn More interactive investor interactive investor Flat-fee investing from £4.99 per month Learn More Learn More Saxo Saxo Get £200 back in trading fees Learn More Learn More Trading 212 Trading 212 Free dealing and no account fee Learn More Learn More Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence. 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