
Saudi Arabia accelerates digital transformation with new transport initiatives
None
Merchants Bancorp ( NASDAQ:MBIN – Get Free Report ) and F & M Bank ( OTCMKTS:FMBM – Get Free Report ) are both small-cap finance companies, but which is the superior business? We will compare the two businesses based on the strength of their profitability, analyst recommendations, dividends, risk, earnings, valuation and institutional ownership. Insider & Institutional Ownership 24.6% of Merchants Bancorp shares are owned by institutional investors. Comparatively, 3.9% of F & M Bank shares are owned by institutional investors. 39.7% of Merchants Bancorp shares are owned by insiders. Comparatively, 10.7% of F & M Bank shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term. Analyst Ratings This is a breakdown of recent ratings and target prices for Merchants Bancorp and F & M Bank, as provided by MarketBeat.com. Dividends Merchants Bancorp pays an annual dividend of $0.36 per share and has a dividend yield of 0.9%. F & M Bank pays an annual dividend of $1.04 per share and has a dividend yield of 5.0%. Merchants Bancorp pays out 6.0% of its earnings in the form of a dividend. F & M Bank pays out 66.2% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Profitability This table compares Merchants Bancorp and F & M Bank’s net margins, return on equity and return on assets. Risk & Volatility Merchants Bancorp has a beta of 1.12, suggesting that its stock price is 12% more volatile than the S&P 500. Comparatively, F & M Bank has a beta of 0.4, suggesting that its stock price is 60% less volatile than the S&P 500. Valuation and Earnings This table compares Merchants Bancorp and F & M Bank”s revenue, earnings per share (EPS) and valuation. Merchants Bancorp has higher revenue and earnings than F & M Bank. Merchants Bancorp is trading at a lower price-to-earnings ratio than F & M Bank, indicating that it is currently the more affordable of the two stocks. Summary Merchants Bancorp beats F & M Bank on 14 of the 16 factors compared between the two stocks. About Merchants Bancorp ( Get Free Report ) Merchants Bancorp operates as the diversified bank holding company in the United States. It operates through three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking segment engages in the mortgage banking, which originates and services government sponsored mortgages, including bridge financing products to refinance, acquire, or reposition multi-family housing projects, and construction lending for multi-family and healthcare facilities. This segment also offers customized loan products for need-based skilled nursing facilities, such as independent living, assisted living, and memory care; and tax credit equity syndicator service. The Mortgage Warehousing segment funds agency eligible residential loans, as well as commercial loans to non-depository financial institutions. The Banking segment offers a range of financial products and services to consumers and businesses, which includes retail banking, commercial lending, agricultural lending, retail and correspondent residential mortgage banking, and small business administration lending. Merchants Bancorp was founded in 1990 and is headquartered in Carmel, Indiana. About F & M Bank ( Get Free Report ) F & M Bank Corp. operates as the bank holding company for Farmers & Merchants Bank that provides financial products and services to consumers and businesses in Virginia. The company offers commercial and individual demand and time deposit accounts, savings accounts, money market accounts, internet and mobile banking services, and drive-in banking services. It also provides construction loans, including residential, and land acquisition and development loans; commercial real estate loans; business loans; consumer loans, such as personal loans, automobile loans, deposit account loans, installment and demand loans, and home equity loans; residential mortgage loans; credit cards; dealer finance; farmland loans; multi-family loans; and commercial and industrial loans. In addition, the company offers brokerage services and commercial and personal insurance products. Further, it originates conventional and government agency sponsored mortgages; and offers title insurance and real estate settlement services. The company was founded in 1908 and is headquartered in Timberville, Virginia. Receive News & Ratings for Merchants Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Merchants Bancorp and related companies with MarketBeat.com's FREE daily email newsletter .
SWANTON — After running into some legal roadblocks, Swanton is pushing its local options tax plans back to 2026. The two municipal boards representing Swanton residents — the Swanton Town Selectboard and the Swanton Village Board of Trustees — had been looking for additional revenue to help carry some of their proposed capital expenses, but the initiative ended up sinking this past month when state law couldn’t be applied as they intended. If enacted, a local option tax adds a 1% charge on top of sales purchases, with the majority raised heading toward local governments. The two municipalities were looking to split the revenues between them. Without much of a solution, Swanton officials asked local state Rep. Matt Walker (R-Swanton) to potentially change the law. Otherwise, both the town and village would both need new and updated charters allowing them to collect the sales tax. “We want the legislature to amend the statute to allow this, meaning us to allow a split to occur,” Board Trustee Suzie Kelleher said. “It’s not just us, we don’t want to change our charter. We don’t want (the Town of Swanton) to have to enact the charter.” Finding revenue Only three municipalities in Franklin County currently collect a local options tax. Both St. Albans City and St. Albans Town use the municipal tax tool to raise funds for capital projects, while Montgomery utilizes the revenue for water and sewer improvements. To establish their own, Swanton officials started the discussion this past summer, checking in with legal counsel to double check if the two municipalities could work together to collect and distribute the monies raised. In Swanton, that would equate to about $330,000 to $350,000 in extra funds collected per year. After meeting jointly last Tuesday, Nov. 19, however, the two boards tabled the idea until 2026, as the state law didn’t allow for sharing a local options tax between municipalities. Instead, both municipalities would need to enact the change and both collect the 1% under the current law. To be an equitable solution, any tax dollars collected would need to be split in the correct proportion to the two populations, but the state law — as it stands now — would effectively double charge those sales made in the village. “Just the word (tax) itself can bring up a lot of emotion,” Selectboard chair Joel Clark said. To see if that could be changed, village trustees asked Walker, who had been sitting in the audience, to see what could be done in the upcoming legislative session, and then they could re-consider the issue. “There’s no such thing as quickly, right? But also putting a tax in front of the taxpayers right now is a tone deaf exercise. But pursuing the change in the language seems to be the direction we want to go,” Walker said to the two municipal boards. Building the bridge As for what they’d use the extra funds for, both municipalities have capital projects high on their lists. The village, for example, is eyeing the extra revenue to help residents carry the construction cost of replacing the Veterans Memorial Bridge, Village Manager Bill Sheets said. This summer, the Vermont Agency of Transportation required the village make repairs to the bridge , helping to secure the expansion joints on both sides. After making the repairs, the state agency is still on track for a complete bridge replacement by 2029, Sheets said, and the village must pay a percentage match as the bridge’s owner. To help cover the cost, the extra local options tax could have started collecting $100,000 each year to be ready by 2029. The village still has time to undertake the approach after pushing the local options tax question back a year, although it could get a little hairy if the village had to collect the entire match within one budget cycle, Sheets said. Instead, he offered to work with town officials to help local representatives identify the necessary legal changes to effectively allow the village/town split of the funds. Walker said Republicans have a stronger say in the legislature this year after breaking the supermajority and replacing the outgoing Democratic lieutenant governor, David Zuckerman . After state Rep. Mike McCarthy’s loss at the polls this November, Franklin County’s entire legislative delegation is now comprised of representatives from the conservative political party. “If there’s anything that I hope you’ll see is that we’ll try to do less than what they've done in the last two years of ramming through everything and there’ll be substantial more consideration of what we do,” Walker said.CARROLLTON, Ga. (AP) — Carter Welling's 21 points helped Utah Valley defeat West Georgia 77-74 on Tuesday night. Welling had 11 rebounds for the Wolverines (4-1). Trevan Leonhardt added 11 points while going 4 of 5 from the field while they also had three steals. Dominick Nelson shot 3 of 11 from the field and 4 of 7 from the free-throw line to finish with 10 points, while adding six rebounds. Shelton Williams-Dryden finished with 18 points for the Wolves (0-7). Kyric Davis added 16 points and four blocks for West Georgia. Malcolm Noel had 14 points. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .
Dec 22 – India is on the cusp of an economic transformation that will redefine its position on the global stage. Through groundbreaking reforms, strategic initiatives, and large-scale projects, the country is set to become the world’s third-largest economy by 2027 and achieve a GDP of USD 7 trillion by 2030. This ambitious journey is supported by efforts to modernize infrastructure, embrace technological innovation, and improve the quality of life for its citizens. Click here to connect with us on WhatsApp The economic trajectory is fueled by significant advancements in manufacturing, transportation, digital connectivity, and urbanization. These efforts are not only positioning India as a global economic leader but also as a trailblazer in sustainable development and technological innovation. India’s economic growth over the past decade has been remarkable. By 2030, the country’s GDP is expected to grow by more than 70%, from USD 3.8 trillion in 2024 to USD 7 trillion. This growth will make India the world’s third-largest economy, surpassing key global players. Per capita income is also set to rise dramatically, from USD 2,700 in 2024 to USD 4,660 by 2030, reflecting the expansion of the middle class and increased domestic consumption. India’s export sector will be a critical driver of this growth. By 2030, exports are projected to reach USD 2 trillion, a significant leap from USD 778 billion in 2024. This surge will be driven by initiatives like “Make in India” and Production-Linked Incentive (PLI) schemes, which focus on high-value sectors such as electronics, renewable energy, pharmaceuticals, and automotive manufacturing. “India is transitioning from being primarily a consumer-driven economy to a major global producer, attracting investment and creating millions of jobs,” analysts note. India’s growth is supported by ambitious changes across various sectors, including transportation, infrastructure, and urban development. Transportation Infrastructure: Indian Railways aims to achieve 100% electrification by 2030, reducing reliance on fossil fuels and improving sustainability. The development of high-speed rail corridors will enhance connectivity and reduce travel times. In aviation, over 200 airports are expected to be operational by 2030, boosting regional and international connectivity. Additionally, the Bharatmala Project will see the development of over 100,000 kilometers of national highways, enhancing goods transportation and economic activities. Urban Development and Smart Cities: Under the Smart Cities Mission, over 100 cities will be transformed by 2030, incorporating renewable energy, efficient public infrastructure, and smart waste management systems. These cities will serve as hubs of sustainability and innovation, improving the quality of life for urban populations. Digital Connectivity: The Digital India initiative aims to provide universal high-speed internet access by 2030. This will drive exponential growth in e-commerce, fintech, edtech, and digital health services, boosting financial inclusion and entrepreneurship across urban and rural areas. India is making significant strides toward sustainability, with renewable energy playing a central role in its economic strategy. By 2030, the country is expected to lead the world in solar and wind power generation, reducing its dependence on imported fossil fuels. These initiatives align with India’s commitment to achieving net-zero carbon emissions by 2070, creating millions of jobs in the clean energy sector while safeguarding the environment.None
The Yomiuri Shimbun 7:00 JST, November 27, 2024 * * Motohiko Saito, 47, was reelected as the governor of Hyogo Prefecture on Nov. 17 after having been ousted from the post in September when the prefectural assembly unanimously passed a no-confidence motion against him over accusations of harassment. On the evening of the election day, people who had gathered in the area around his campaign office in a shopping district in Kobe’s Chuo Ward were extremely excited following his victory. The 10-meter-wide shopping arcade was packed with his supporters for dozens of meters, and people called out Saito’s name repeatedly as if they were at a concert. “The web has won!” a 43-year-old man from Saitama Prefecture shouted while live streaming the situation on YouTube. The man runs the “Fukumaro Net News Channel” on the video-sharing website. While working as a company employee, he used to live stream his commentaries on games on his channel but was unable to get many views. However, the number of views suddenly increased three years ago after he posted videos of Diet debates that he had edited. Having begun to receive several hundred thousand yen in advertising revenue per month, the man became a full-time “political YouTuber.” While continuing to produce videos, he visited places around the country where elections were being held. In July, he followed Shinji Ishimaru, 42, a former mayor of Akitakata, Hiroshima Prefecture, who ran in the Tokyo gubernatorial election. The man said he had no particular interest in Saito, but started gathering information on him on X, formerly Twitter, after seeing a post in support of Saito on the social media site in September by a celebrity he follows. The man said he then began to question the remarks that commentators made against Saito on TV. Through social media, the man also felt growing public interest in Saito and the issues surrounding him, so he decided to follow Saito for his YouTube channel. He went to Hyogo Prefecture one day before the official kickoff of campaigning for the gubernatorial election. Spending nights in his car, he live streamed Saito’s speeches. Considering the costs, the man said it was a “gamble” as to whether the videos would make a profit. But the number of views his channel received increased day by day, and topped 1.7 million on the day of the vote. “I earned the highest profit ever. It’s all thanks to Saito,” he said. The man distributed more than 80 videos during the campaign period. He also streamed videos of Takashi Tachibana, 57, another candidate in the Hyogo election and the head of the political group NHK Party, making remarks that are difficult to verify. “I do think there is information that hasn’t been confirmed to be true,” the YouTuber said. “But I’m fine as long as my viewers are pleased.” According to the Net Communication Research Institute, a think tank specializing in social media analysis, there were many YouTube channels supporting Saito, and the number of views of at least 13 exceeded those of Saito’s own YouTube channel. On social media sites, advertising revenue increases based on the number of views. For this reason, attracting attention is often considered to be more important than accuracy or fairness — a characteristic of what is called the “attention economy.” “There are believed to have been videos made for profit [in relation to the Hyogo election],” said Yoshimi Nakamura, the head of the research institute. “With the success of live streamers in the election, competition for attention is likely to intensify in future polls.” The spread of interest in Saito can also be seen in posts on X. The Yomiuri Shimbun asked Prof. Fujio Toriumi of the University of Tokyo, who specializes in computational social science, to analyze the posts on X during the campaign period from Oct. 31 to Nov. 16. It found that the number of posts mentioning Saito during these dates was 1.6 times greater than the total number of posts mentioning the other six candidates. Such posts were spread by a small number of accounts. Of about 990,000 posts that showed support for Saito, about 490,000 posts were based on 786 original posts from just 16 accounts. The 16 accounts made up only 0.9% of the total accounts that were related to the 990,000 posts favoring Saito. The Yomiuri Shimbun found that some of the posts were difficult to verify with evidence. For example, some of them linked the death of a prefectural official who accused Saito of workplace bullying and other allegations with the official’s personal information, which was unrelated to the accusation and was stored on an official computer. However, the police said they could not determine the reason for the official’s death. “It had been believed that the relationship between the spread of social media and elections in Japan is weak, but this time, it is considered that it had a certain impact on voting behavior,” Toriumi said. “People should approach social media with the assumption that there is misinformation on it, and we should discuss the role of social media in elections as a society.”
Angry Yankees fans burn Juan Soto's jersey after record-breaking Mets contract
CEDAR FALLS — Two teams with dream seasons clashed in the Class 4A State Football Championship game on Thursday night at the UNI-Dome. For Pella, it was a chance to grab a fourth and final state title for their legendary head coach Jay McKinstrey who would be coaching in his final game before retiring after the final whistle. For North Polk, they came in as the last standing undefeated team in 4A and were seeking their first-ever state title. The latter would leave the night celebrating as the Comets would end up coming away with a 24-14 victory. There was an energy in the building as play got underway with both defenses came up with stops on their opening possessions before Pella’s Tyson Barnes would pin North Polk with a great punt going out of bounds at the two yard line. The Comets then began to establish what would be a dominate night at the line of scrimmage. North Polk would go 15-plays and 98 yards over eight minutes with quarterback Nathan Feldmann scrambling right before lowering his shoulder and powering in for a 13-yard TD to start the scoring at 7-0 early in the second quarter. Pella would look for an answer and would get into North Polk territory before stalling out and turning it over on downs. North Polk got to work again on offense with their dynamic backfield duo of Feldmann and running back BJ Tate running behind their big offensive line. The Comets would milk the clock and would be faced with a fourth and one at the Pella five yard line late in the half. The Dutch defense has come big in those moments several times this year but were unable to get the stop as Feldmann called his own number and powered into the endzone for a five-yard TD to push the lead to 14-0 at the half. The good news for Pella was they got the ball to start the second half and would have a chance to make it a one-score game again. The big-play Dutch would strike in just three plays as QB Colin Kerndt found Harrison Mullens on a deep post over the middle with Mullens out-running everyone on his way to an 89-yard touchdown to cut the deficit in half at 14-7. North Polk took the ensuing kickoff back to midfield to set up good starting position for them. They would get to work on the ground again and would punch it in just five plays later with Feldmann tallying his third rushing TD of the night. This one was from five yards out and made it 21-7 late in the third quarter. The Dutch needed to answer back again but would stall out in North Polk territory again, turning it over on downs. The Comets took over with a chance to put a dagger in Pella’s title hopes but the relentless Dutch defense would show up with Bailey Shetterly jumping the passing lane on a screen throw by Feldmann with Shetterly racing the other way for a 39-yard pick-six to all of sudden make it one score game again at 21-14 heading to the fourth quarter. “Our guys have found ways to win this year and I appreciate them so much,” Pella head coach Jay McKinstrey said. “They are a group of kids that are an enjoyable group to be around, that are never going to quit and they are going to play to the very end, win or lose.” Just like they did on their first scoring drive, the North Polk offense would embark on a long, time consuming drive that would see them get to the Pella two yard line. But instead of going for it on fourth down, North Polk would attempt a short 21-yard field goal and put it through to cap off their 14-play, 81 yard drive over eight minutes to make it a two score game again 24-14 with just under nine minutes to go. The pressure turned back to Pella as they needed to score quick and get the ball back again. Kerndt and Emmanuel Diers got a couple of good runs to get near midfield but would face another fourth down. Kerndt would escape a sack before unleashing a deep ball up for grabs into traffic where North Polk’s Brady Cathcart would haul it down for an interception. Time was not on the side of the Dutch as they needed to get a stop quick but the North Polk running game continued to cash in first down after first down before running out the clock and claiming their first state title in program history with a 24-14 win. While the celebrations happened on one side of the field, tears and frustration settled in for the green and white as they would fall one game shy of a fourth state title under McKinstrey. The recent trends for North Polk continued as they rushed for over 300 yards for the fourth time in their last five games and held their opponent to 14 points or less and 250 total yards or less for a sixth straight game. Feldmann finished with 149 total yards and three TDs while Tate had 31 carries for 152 yards. For Pella, Kerndt was 10-of-17 passing for 132 yards with one TD and one interception. Outside of the TD pass to Mullens, Pella’s offense was held to 110 yards on 36 plays. Thursday marked the final game for McKinstrey in his Hall of Fame career leading the Dutch. The long-time head coach was grateful to be able to finish his career with a chance to play for a fourth state title in his sixth finals appearance. "How many times do you actually get to win the state championship or even play in this game,” McKinstrey said. “Very few programs get to be here every year. I'm grateful I got to be in here at least once and we got to be here six times playing for the title. I'm so grateful for that and and hopefully that these young men and all the kids we've coached in the past can look back fondly, remember the relationships, remember some things that they've learned from our football program. We’re a pseudo family during the year and that's what I'll miss when it's all said and done here. I'll just miss the players, the coaches and the opportunity to belong to something.” Pella finishes the season with an 11-2 record. PHS 0 0 14 0 - 14 NP 0 14 7 3 - 24 First Quarter Second Quarter NP — Feldmann 13-yard rushing TD. PAT is good (0-7, 10:42) NP — Feldmann 5-yard rushing TD. PAT is good (0-14, 1:13) Third Quarter PHS — Kerndt pass to Mullens for 89-yard TD. PAT is good (7-14, 11:10) NP — Feldmann 5-yard rushing TD. PAT is good (7-21, 8:50) PHS — Shetterly 39-yard interception return for a TD. PAT is good (14-21, 4:53) Fourth Quarter NP — Triplett 21-yard FG (14-24, 8:44) Passing — Kerndt 10/17 132 yards 1 TD 1 INT, Barnes 0/1 Rushing — Diers 11-35, Kerndt 8-32 Receiving — Mullens 1-89 1 TD, Barnes 2-16, Shetterly 2-16, Diers 4-8, Cowman 1-3 Top three tackles — Rhamy 8, Warner 7.5, VanMaanen 6.5 Interceptions — Shetterly 1
Digital Logistics Consulting Market May Set a New Growth Story |DHL Consulting, McKinsey
Southern California defense contractors optimistic Trump administration could create jobs locallyMedicare's $2,000 prescription drug cap expected to bring major relief to cancer patients
Saudi Arabia accelerates digital transformation with new transport initiatives