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Juan Soto could decide on his next team before or during baseball's winter meetingsSTUART, Fla. , Dec. 20, 2024 /PRNewswire/ -- Health In Tech, Inc., an Insurtech platform company backed by third-party AI technology, today announced the pricing of its initial public offering of 2,300,000 shares of its Class A common stock, at a public offering price of $4.00 per share. In addition, Health In Tech has granted the underwriter a 30-day option to purchase up to an additional 345,000 shares of its Class A common stock at the initial public offering price, less underwriting discounts and commissions. The shares are expected to begin trading on the Nasdaq Capital Market on December 23, 2024 , under the ticker symbol "HIT". The offering is expected to close on December 24, 2024 , subject to customary closing conditions. American Trust Investment Services, Inc. is acting as the sole book-running manager of this offering. Health In Tech intends to use the net proceeds from the offering towards system enhancements, the expansion of service offerings, expansion of sales and distribution channels, talent development and retention, working capital and other general corporate purpose. A registration statement on Form S-1 (File No. 333-281853) relating to the shares was filed with the Securities and Exchange Commission and became effective on December 19, 2024 . This offering was made only by means of a prospectus, forming part of the effective registration statement. A copy of the prospectus relating to the offering can be obtained when available, by contacting American Trust Investment Services, Inc., 230 W. Monroe Street , Suite 300, Chicago, IL 60606, or via E-Mail at ECM@amtruinvest.com . This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Health In Tech Health in Tech, Inc. ("HIT") is an Insurtech platform company backed by third-party AI technology. We offer a dynamic marketplace designed to create customized healthcare plan solutions while streamlining processes through vertical integration, process simplification, and automation. By eliminating friction and complexities, HIT enhances value propositions for employers and optimizes underwriting, sales, and service workflows for Managing General Underwriters (MGUs), insurance carriers, licensed brokers, and Third-Party Administrators (TPAs). Learn more at healthintech.com . Forward-Looking Statements Regarding Health In Tech Certain statements in this press release are forward-looking statements for purposes of the safe harbor provisions under the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may include estimates or expectations about Health In Tech's possible or assumed operational results, financial condition, business strategies and plans, market opportunities, competitive position, industry environment, and potential growth opportunities. In some cases, forward-looking statements can be identified by terms such as "may," "will," "should," "design," "target," "aim," "hope," "expect," "could," "intend," "plan," "anticipate," "estimate," "believe," "continue," "predict," "project," "potential," "goal," or other words that convey the uncertainty of future events or outcomes. These statements relate to future events or to Health In Tech's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause Health In Tech's actual results, levels of activity, performance, or achievements to be different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond Health In Tech's control and which could, and likely will, affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects Health In Tech's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to Health In Tech's operations, results of operations, growth strategy and liquidity. Investor Contact Investor Relations: ir@healthintech.com View original content to download multimedia: https://www.prnewswire.com/news-releases/health-in-tech-inc-announces-pricing-of-initial-public-offering-302337631.html SOURCE Health In Techhttps top646 ph

Flag football uses talent camps to uncover new starsTurkish Airlines ( ) has announced a strategic partnership with to enhance passenger experience through a new . The announcement came from Turkish Airlines Board Chairman Ahmet Bolat, who highlighted the system’s potential to improve operational efficiency. The collaboration aims to eliminate lost luggage concerns for travelers and elevate customer satisfaction to new heights. “As Turkish Airlines, we are excited to partner with Apple to implement this advanced baggage tracking system. Passengers will now be able to monitor their luggage seamlessly using Apple’s iOS 16 system and nearby tracking technology via AirTag and Find My features,” Bolat said in a social media post. Through the system, passengers can conveniently locate their baggage and share its real-time status using Apple’s tools. By integrating AirTag technology, Turkish Airlines will provide a smoother and more transparent travel experience, allowing travelers to retrieve misplaced baggage faster and with ease. Bolat added that the technology securely shares location data and automatically deletes it within seven days unless manually removed earlier. Turkish Airlines also plans to incorporate this feature into its own mobile app. In another milestone, Turkish Airlines launched its longest route yet with its first direct flight to Santiago, Chile, marking the 26th destination in the Americas and the 10th country on the continent to feature regular service. The inaugural flight departed from Istanbul on Dec. 18. Initially operated with Boeing 777-300ER aircraft, the route will later include Airbus A350-900 and A350-1000 aircraft to accommodate growing demand.



Citadel Holy Sword Management Co., Ltd. To Enter The Japanese Market, Establishing A New Era Financial Platform With Advanced AI Trading TechnologyTORONTO — Darko Rajakovic cut straight to the chase in his pre-game news conference: yes, Scottie Barnes is back. Barnes was inserted into the Toronto Raptors starting lineup ahead of Thursday's game against the Minnesota Timberwolves at Scotiabank Arena. He had been out since Nov. 4 with a fractured right orbital bone. "I don't want Scottie Barnes to be anything outside of Scottie Barnes," said Rajakovic in his pre-game news conference. "I just need him to be best version of himself and when he's that, he's really raising the people around him to another level. "He's making everybody around him better." Barnes was injured in the fourth quarter of Toronto's 121-119 overtime loss to the Nuggets on Nov. 4 when he caught an errant elbow from Denver centre Nikola Jokic. Barnes was expected to be out at least three weeks with the injury but came back slightly ahead of schedule. The 23-year-old all-star forward was averaging 19.2 points, 7.8 rebounds and six assists per game before he was hurt. Rajakovic said Barnes would play limited minutes and that he'd have to wear protective goggles. Rajakovic was coy when asked who would be moved to Toronto's bench to make space for Barnes. "Scottie will start. Who knows who won’t," laughed Rajakovic. Rookie combo guard Ja'kobe Walter was also made available for the Raptors. He had missed Toronto's last six games with a sprained right shoulder. This report by The Canadian Press was first published Nov. 21, 2024. John Chidley-Hill, The Canadian Press

The Inner Circle acknowledges, James Carlyle West as a Pinnacle Professional Member

Inflation-growth balance 'somewhat unsettled: Shaktikanta Das

Mumbai boat mishap: Overloaded ferry’s licence cancelledSernova Corp. ( TSE:SVA – Get Free Report )’s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as C$0.21 and last traded at C$0.22, with a volume of 196750 shares changing hands. The stock had previously closed at C$0.22. Wall Street Analysts Forecast Growth Several research firms recently commented on SVA. Ventum Cap Mkts upgraded shares of Sernova to a “strong-buy” rating in a research report on Thursday, September 12th. Ventum Financial cut their price target on shares of Sernova from C$3.00 to C$2.50 and set a “buy” rating on the stock in a report on Friday, September 13th. Finally, Leede Financial decreased their price objective on Sernova from C$3.00 to C$1.50 and set a “speculative buy” rating for the company in a report on Friday, September 13th. Read Our Latest Report on Sernova Sernova Price Performance Sernova Company Profile ( Get Free Report ) Sernova Corp. operates as a clinical-stage regenerative medicine therapeutics company in Canada. The company focuses on the development and commercialization of regenerative medicine therapeutics, including its proprietary Cell Pouch and associated technologies consisting of therapeutic cells and local cellular immune protection. Further Reading Receive News & Ratings for Sernova Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sernova and related companies with MarketBeat.com's FREE daily email newsletter .

Trade data reveal the inner workings of Russia and China’s defense industrial cooperationThe US egg industry kills 350M chicks a year. New technology offers an alternative

Finding the the perfect holiday gift for everyone on your wishlist can be overwhelming, especially if you’re looking for a deal. Thankfully, Black Friday is here and you can score major discounts on everything on your Christmas shopping list from handbags to tech products and more. To make sure you find the best prices, we’ve compiled all the top Black Friday sales from A to Z — and everything in between. You’ll find big Black Friday sales at Coach , Crocs and Stanley . There’s even more deals at Amazon , Walmart and Nordstrom . Shop for big sneaker discounts at Hey Dude , HOKA and Nike . Plus, you’re not going to want to miss all the streaming discounts at Hulu , Disney+ and Paramount+ — just to name a few. There’s an endless list of Black Friday sales going on now and these are some of the best you’re going to want to shop now. The best Black Friday deals in 2024 Abercrombie : MyAbercrombie Members get 25% off everything – and it is free to sign up ! As if 25% off isn’t enticing enough, Abercrombie has a fun little surprise waiting at checkout for Black Friday. You can use promo code WISHLIST for an extra 15% off. Alo Yoga : For Black Friday, Alo Yoga has brought back its popular 30% off sitewide sale . This includes markdowns on best-selling products like the 7/8 High-Waist Airbrush Legging for $75, instead of $108 or the Unisex Half-Crew Throwback Sock for $19, instead of $28. Plus, you’ll get free shipping and extended returns through Jan. 10, 2025. Amazon : Amazon’s Black Friday Sale kicked off Thursday, Nov. 21, and lasts through Monday, Dec. 2, with huge savings on top brands like Apple , Bose , Dyson , KitchenAid , Samsung , and more. Away : You can shop on AwayTravel.com for 25% off everything. We’re serious when we say everything, too, as the promotion extends site-wide — from best-sellers and fan-favorite luggage , both hard and soft-side, to travel bags and totes , packing extras , and just-landed launches in any silhouette, size, and color you’re crushing on. B Beis Travel : This huge Black Friday sale starts on Nov. 29 with sitewide discounts on Beis popular luggage pieces. You can also score a chance to grab up to 50% off select luggage in the Daily Flash Sale through Dec. 2 by joining the virtual cue at 11:30 a.m. ET. But all these rare luggage markdowns are only available while supplies last. Bloomingdales : For Black Friday, Bloomingdales is hosting 7 Days of Savings now through Sun, Dec. 1. Shoppers can save 25% on thousands of products. Brooks Running : Save up to 41% on select Brooks Running styles for Black Friday and Cyber Monday. Shop women’s and men’s styles to get markdowns on beloved sneakers, like the Adrenaline GTS 23 for 29% off or the Catamount 3 for 41% off. Buffy : During Buffy’s Black Friday sale , you can save 30% off everything sitewide, including best-sellers like the Breeze Sheet Set ($146, instead of $195) or the internet-famous Cloud Comforter ($146, instead of $195). Casper : During Casper’s Black Friday sale , you can score up to 30% off all mattresses and up to 35% off everything else on Casper’s website. The Casper Snow Cooling Hybrid Mattress is currently $750 off during this promotion. Coach: Take an up to 40% off the best Coach handbag styles during this Holiday Sale , with deep discounts on satchels, shoulder bags, totes, crossbodies and more. Coach wallets, wristlets, shoes, clothing and accessories are also on sale for up to 40% off. Coach Outlet : Get an extra 25% off sitewide at Coach Outlet for Black Friday. You can get Coach wristlets for $41, Signature Canvas bags for under $100, wallets for under $70, and so much more. Converse : For Cyber Week, Converse has up to 50% off almost everything on site. You can find huge markdowns on over 500 styles, including one of the brand’s most popular styles, the Chuck Taylor All Star Lift Platform Canvas . Just use promo code CYBERWEEK at checkout. Crocs : Get up to 60% off for Croc’s “Bright Friday” sale , with deals on the Classic Clog (20% off select colors), the Mega Crush Sandal (50% off), the Brooklyn Buckle (25% off), and so much more. Dick’s Sporting Goods : Get up to 50% off sneakers, athletic wear, sports equipment, outdoor gear and so much more from this massive Black Friday Now! sale . These deals extend to top athletic brands, such as Nike, HOKA, Brooks, Adidas, Hydro Flask, Stanley and more favorites. The sale runs through Dec. 2. Disney+ : You can get a Disney+ and Hulu bundle for a massive 70% off; you can get this ad-supported bundle for $2.99/month for 12 months during this Black Friday promotion. The offer is valid for new and returning customers. Disney Store : Disney’s big Black Friday sale has markdowns of up to 50% off. Everything sitewide is 25% off, with free shipping on orders of $40 or more with promo code GIFT . That includes a whopping 25% off Loungefly backpacks , Disney x Starbucks Christmas tumblers , and more. DSW : You can save up to 60% on a huge selection of styles during DSW’s Black Friday Sale . That includes UGG boots and slippers for up to 40% off, up to 30% off Nike , and up to 25% off select Adidas styles . Dyson : Save up to $300 on select Dyson technology for Black Friday . That includes major deals on Dyson vacuums, like the Dyson V12 Detect Slim on sale for $400, instead of $650. The Dyson Supersonic hair dryer is $330, instead of $430, plus it comes with a presentation case (worth $60) and two free gifts (worth $80). The Dyson Purifier Big+Quiet Formaldehyde BP04 is a whopping $300 off during this promotion. Etsy : Big deals are dropping at Etsy with up to 60% off at participating shops in a Cyber Savings Spectacular. This includes gift ideas for kid’s, pet presents, holiday decor, home finds, personalized gifts and more unique picks. Expedia : Save on travel with this Black Friday sale that offers 30% off or more for One Key members at select hotels through Dec. 4. You can sign up to become an Expedia One Key member for free online and you’ll also receive more savings through out the year. Fanatics : Shop this Holiday Savings Event and save on a sports apparel and gear, including jerseys from your favorite team, using the promo code GIFT . There are also Holiday Doorbusters up to 50% off on hats, hoodies T-shirts and more. Fossil : Take up to 30% off almost everything for Black Friday through Dec. 8. Save on watches, handbags, wallets, jewelry and other holiday gifts. GAP : This Black Friday Sale is offering 50% off sitewide, with “really big deals” that are marked down 60% off or more through Nov. 29. You can shop discounted sweaters, sweats, pajamas, jeans, accessories and much more during this huge holiday sale. Gilt : Save on designer finds as a Gilt member with deep discounts up to 75% off or more on top brands like Canadian Goose, Gucci, Burberry, Saint Laurant, FENDI and other favorites. But these limited-time sales go fast, so you’ll want to grab these low prices when they drop and before they’re sold out. Glossier : You can save 25% off almost everything for Glossier’s Black Friday Sale , but the more you spend, the more you save! You’ll unlock 30% off when you spend over $100 or more during this sale. Gravity Blankets : For Cyber Week, Gravity Blankets is running up to 70% off everything promotion, with the Gravity Weighted Blanket costing only $95, instead of $250, during this sale . Hey Dude : Take up to 60% off almost everything for Black Friday using the promo code CYBER, including those beloved Wally and Wendy sneaker styles. You’ll also want to check out the Doorbuster deals that start at just $30, HOKA : Shop for the best HOKA sneaker deals up to $72 off, including the ever-popular Bondi 8 in more than 30 color options and the top-selling Clifton 9 sneaker. But the markdowns in this huge Black Friday sale are selling fast, so you’ll want to grab your favorite before it disappears. The Home Depot : For Black Friday , Home Depot is running flash sales daily through the end of November, with thousands off of appliance packages. You can get DEWALT power tools on sale , HUSKY tool kits , and so much more. Hydro Flask : Take 30% off Hydro Flask’s online exclusive drinkware styles but only for a limited time. This includes its popualr water bottles and Travel Tumblers in top colors, like Mint, Eggplant, Clementine and more favorites. Hulu : Eligible new and returning subscribers can get this year’s Hulu Black Friday deal which offers Hulu (With Ads) for just $0.99/month for a year, a savings of over $100 for the year. Indochino : Custom suits are starting at just $329 during Indochino’s Black Friday sale. Plus, you can get an extra 25% off two suits from the Harrogate collection when you use promo code BLKFRI24 . J. Crew : Shop this Black Friday Event for up to 50% off almost everything, including clothing and shoes for men, women and children. You can also take an extra 50% off already reduced styles. Kate Spade : You can save up to 50% off during Kate Spade’s Black Friday Preview Sale . This includes designer handbags, jewelry, wallets, and more. Kate Spade Outlet : Save on handbags, wallets and more during this Black Friday Sale with markdowns up to 70% off and an extra 25% off everything. You can also shop the Black Friday Deal of the Day and discounts on jewelry, shoes and more. Kohl’s : Shop these Black Friday Deals and take an extra 15% off with coupon on select finds for the holidays through Nov. 29. You’ll also earn $15 in Kohl’s Cash for every $50 spent with free shipping on online orders over $25. Litter Robot : For 2024, our favorite robot litter brand , Litter Robot, has $100 off select Litter Robot bundles , 30% off new subscriptions, and 35% off 2+ new subscriptions for Black Friday. Macy’s : This Black Friday Sale has the top deals the whole family, including 50-65% off coats, boots starting at $20, LEGO sets for 20% off, Ninja appliances for 20-50% off and more. You can also save on Macy’s Parade of Deals with a new daily deal dropped each day. Max : One of the best streaming Black Friday deals we’ve seen so far is this Max offer . You can save 70% on memberships, with prices starting at $2.99 per month with ads for six months. Nike : Get up to 60% off must-have holiday gift items at Nike during the Black Friday Early Access sale, when you use promo code ACCESS at checkout. NinjaKitchen : Ninja is offering up to 48% off select best-selling products for Black Friday , plus exclusive bundles for the holidays. The Ninja WoodfireTM Outdoor Grill & Smoker is $270, instead of $490, plus it comes with a free grill stand. Ninja is one of the few places that actually has the SLUSHi in stock and not price-gouged. Nordstrom : The early Nordstrom Black Friday sale has top holiday deals of up to 60% off on big brands, including HOKA , Dyson , Tumi , Ralph Lauren , UGG , and more. Nordstrom Rack : Nordstrom Rack has up to 70% off unbeatable deals for Black Friday , with huge markdowns on top brands including Kate Spade, UGG, and more. The North Face : During North Face’s Black Friday sale , you can get up to 30% off select styles, including the Women’s Explore Farther Parka and Men’s Explore Farther Parka for $90 off. Oura : The Oura Ring is down to its lowest price ever for Black Friday, with up to $200 off Oura Ring Gen3 (now $249). Our Place : The Our Place Black Friday Sale has a staggering 40% off top-selling products, like the Always Pan ($95, instead of $150) and Perfect Pot ($105, instead of $165). Plus, Our Place is hosting daily flash deals for extra savings during Cyber Week. Owala : The Merry & Bright Collection of water bottles and tumblers is still available for purchase for a special-edition holiday gift. You can shop Owala’s full lineup of drinkware, including its beloved FreeSip and FreeSip Twist water bottles in a extensive array of color options Paramount + : For Black Friday, Paramount+ has up to 76% off. This limited-time Black Friday offer gets you access to Paramount+ Essential OR Paramount+ with SHOWTIME for $2.99/month for the first 2 months. This is eligible for new and former subscribers. Peacock : You can save 75% on an annual membership during this Peacock 2024 Black Friday offer . You have two options, you can either get a whole year of Peacock for just $19.99 or get $1.99/mo for 6 months. Quay : For Black Friday, Quay has brought back its popular BOGO offer. When you buy one, you’ll get one free during this Quay Black Friday promotion . REI : There are a flurry of Cyber Deals to shop at REI, including big discounts on outdoor apparel, shoes, camping gear, cycling gear, climbing gear and other outdoor essentials. This includes deals on HOKA, Altra, Garmin, Columbia, The North Face, Patagonia, Marmot and more favorite brands. Plus, more markdowns will drop on Nov. 30. Samsung : Save up to $1,700 during Samsung’s Black Friday Sale on the popular OLED TV . There are huge markdowns on refrigerators as well, with up to $1,700 off Samsung fridges . Shark : Receive $350 off Shark MatrixTM Plus 2-in-1 Robot Vacuum and Mop with XL HEPA Self-Empty Base and a free gift Shark® WANDVACTM Cordless Handheld Vacuum with purchase, which is a $130 value . Stanley : Get 25% off select best-selling Stanley products , including The AeroLightTM Transit Bottle and The IceFlowTM Flip Straw Jug when you use the promo code BLACKFRIDAYSALE25 at checkout. Target : Target’s official Black Friday sale is here and live now through Saturday, Nov. 30 , while supplies last. Kitchen appliances and dining items are up to 50% off, though in some rare cases, you’ll find up to 69% off, like this Henckels Knife Block Set . You can also get up to 50% off a number of vacuum and floor care products , like this Dyson stick vacuum which is 50% off and down to $250. Tory Burch : Take 30% off your purchase of $250 or more during this Holiday Event . This includes savings on handbags, shoes and fashion, with even more markdowns continuously added to the sale. The discount is automatically applied at checkout. UGG : UGG is offering up to 70% off a slew of UGG styles , including those popular slipper and boot designs we’ve been waiting for all year to go on sale. This includes major discounts on UGGs for men , women , and children . We’re seeing over 200 markdowns for Black Friday, including on popular Women’s Tazz styles and Men’s Tasman styles. Ulta : Get up to 50% off new Black Friday deals from Ulta. You can shop discounts on hair products, styling tools, fragrances, skincare products, makeup, nail essentials and other markdowns. Vera Bradley : Get 30% off almost everything when you shop Vera Bradley’s Black Friday sale . Plus, new customers will get an extra 20% off their first order when they sign up for text rewards. Victoria’s Secret : Fortunately, Victoria’s Secret and its sister brand, PINK , have our backs. Now through Nov. 25, you can shop the “Black Friday Energy” sale at both sites for 30% off nearly everything (clearance items, non-VS brands and select product categories, like swimwear, may be excluded): sleepwear , loungewear , activewear , underwear , accessories , beauty and fragrances , gift sets and more. Walmart : The biggest sales day of the year is coming to Walmart this week. Starting Nov. 25, you can score huge Black Friday savings at Walmart on brands like Dyson, Apple, and Shark. Select Smart TVs will be on sale for hundreds of dollars off. Wayfair : Now through Dec. 3, you can shop Wayfair’s Black Friday sale for everything you need to make your home the one everyone wants to hunker down in. Sleeper sofas, spacious sectionals , slumber-worthy memory foam mattresses , snuggly throws, comforters, pillows , and more are all marked down up to 80% off . X-Chair : Save 25% off everything on the website, including $475 off office chairs during this Cyber Sale . You can also shop desks, tables and other office accessories at a discount online. RECOMMENDED • lehighvalleylive .com Dick’s Sporting Goods Black Friday sale has HOKA, Nike, New Balance, more top sneakers up to 50% off — but on Nov. 26, 2024, 2:15 p.m. UGG just dropped its huge Black Friday sale with up to 70% off, including Tasman slippers — but these deals w Nov. 27, 2024, 6:55 a.m. YETI : The Yeti Gear Garage is now open with exclusive daily drops for the next six days, including rare gear and limited-edition picks and more. You’ll find Tundra coolers, Rambler drinkware and more outdoor necessities. Plus, you can save 20% off the seasonal King Crab Collection while supplies last when you sign into your Yeti account. Zappos : Huge deals on shoes and fashion are available online for Black Friday . You can shop sneakers for up to 60% off, boots up to 40% off, coats up to 60% off, slippers up to 60% off and tons of Daily Deals for up to 50% off from several popular brands.On November 13, the Federal Reserve Board issued two cease and desist orders against a state-chartered bank and a bank holding company for alleged compliance deficiencies. The Federal Reserve Board first order was against a state-chartered bank in Kansas in connection with the bank’s alleged non-compliance with anti-money laundering (AML) and Bank Secrecy Act (BSA) regulations that were revealed in a May examination. See 31 U.S.C. § 5311 et seq . In addition, the FRB also cited shortcomings in “staffing, internal controls, credit risk management, lending and credit administration, capital, information technology and information security, books and records, regulatory reporting, liquidity and funds management, earnings, interest rate risk management [and] third party risk management.” Among the requirements of the consent order, the bank is directed to appoint a qualified BSA/AML compliance officer and implement several measures to enhance BSA/AML compliance, including: Allocate adequate resources to align the compliance program with its risk profile; Enhance its customer identification program to verify customer identities; Improve its customer due diligence program with risk-based policies, procedures, and enhanced due diligence measures; Develop a program to ensure timely and accurate reporting of suspicious activity; and Engage independent third parties to review the bank’s transaction monitoring system and transaction activities. The Federal Reserve Board’s order also requires the bank to submit written plans for these improvements in addition to periodic progress reports. In addition, the bank agreed not to pay out dividends without sign-off from the FRB, the Kansas City Fed and its state regulator. The consent order follows a similar one issued by the FRB back in September 2023 against the bank and its holding company where the FRB cited deficiencies in risk management, compliance with AML regulations, and operational shortcomings based on an October 2022 exam. On the same day, the Federal Reserve Board and the Texas Department of Banking jointly issued a cease and desist order against a Texas bank holding company in connection with alleged operational deficiencies uncovered by a June examination, including with its ability to serve as a source of strengthen to its banking subsidiaries. The order requires the bank holding company to implement the following measures to enhance the compliance profile of its operations: Utilize financial and managerial resources to support subsidiary banks, enhance board oversight, and improve risk management practices; Develop an enhanced liquidity risk management program; and Submit quarterly progress reports, a strategic business plan and budget for 2025. The bank holding company will further be required to submit a written plan to strengthen board oversight of its management and operations. The plan is intended to outline effective oversight of its operations and ensure the board of directors adequately supervises management’s adherence to applicable laws and regulations. Finally, the bank holding company is to refrain from declaring dividends, repurchasing shares, or incurring, increasing, prepaying, or guaranteeing debt without prior regulator approval. Putting It Into Practice: The cease and desist orders reflect the FRB’s commitment to policing compliance deficiencies occurring in banks within its supervisory jurisdiction (see our blog posts on previous similar enforcements here , here , and here ). Banks are advised to assess their current risk management programs against these enforcement actions, identify necessary enhancements, and develop plans to bring their compliance management system protocols in line with regulators’ expectations. Listen to this post

Former U.S. President Jimmy Carter has died. He was 100 years old and had spent more than a year in hospice care. The Georgia peanut farmer served one turbulent term in the White House before building a reputation as a global humanitarian and champion of democracy. He defeated President Gerald Ford in 1976 promising to restore trust in government but lost to Ronald Reagan four years later amid soaring inflation, gas station lines and the Iran hostage crisis. He and his wife, Rosalynn Carter, then formed The Carter Center, and he earned a Nobel Peace Prize while making himself the most active and internationally engaged of former presidents. The Carter Center said the former president died Sunday afternoon in Plains, Georgia.Value stocks are having a rough go in 2024, at least compared to broader stock indexes. The benchmark S&P Value Index is up 10.46% on a year-to-date basis. That's well below the S&P 500, which has generated 23.8% returns over the same time period. The index is also well below the year-to-date performance of the S&P Growth Index, which stands at 35.11% as of December 20. Yet as the calendar flips to 2025, value stocks seem to be in a decent position. Here’s three reasons why value stocks may be a good bet for 2025. "Inflation is moderating, and the economy seems to be steadying," says Jason Hishmeh, co-founder at Varyence, a technology firm that works with startup companies to grow their business. "That's great news for sectors like manufacturing, financials, and energy, which tend to perform well in this environment. Companies with strong fundamentals—low price-to-earnings ratios and steady earnings growth—look particularly attractive." Other market experts say Main Street investors need to get a good grip on what value stocks really represent. "Value stocks are a group of underappreciated and ignored stocks that are worth more than their fundamentals would suggest," says Stephen Callahan, trading behavior analyst at Firstrade. "This is a market driven by momentum. As a value investor, valuations are never a reason to own something. Fundamentals are the reason why you own something. We need to match those two things up." What's more, not all cheap stocks are value stocks. "Some stocks are cheap for quantifiable reasons, such as poor earnings," Callahan says. "Value stocks are good companies at low prices. They are financially stable, have high-profit margins, low debt-to-income ratio, strong earnings, and while not mandatory, a good sign is that they pay dividends." Value stocks have several trends pointing upward heading into a new year. Market experts point to these largest 2025 impactors. [65% Off Benzinga Edge – Sale Ends December 31!] Back in business under Trump . President-elect Donald Trump said he'd prioritize a business-friendly agenda in his campaign stump speeches, which would be good news for value stocks. "Trump spoke frequently about reducing the government deficit, lowering energy costs through increased domestic drilling, and implementing potentially looser regulations," says Ronen Cojocaru, CEO at San Francisco-based 8081.io, a fintech company that simplifies and automates digital asset trading. "Additionally, the prospect of corporate-friendly tax reforms could enhance profitability, making value stocks more attractive to investors." Key expectations coming from the Trump camp include reduced regulations in sectors such as energy, financials, crypto, and industrials, which could lower compliance costs and increase profitability. "Additionally, corporate-friendly tax reforms may enhance earnings, while a focus on domestic production and energy independence could create new opportunities for growth in the energy and manufacturing sectors," Cojocaru says. "But we should all look carefully at how Trump administration tariffs will take place, which can play a significant role in that space." Large-cap value stocks to shine . In early December, BofA analysts projected the U.S. gross domestic product would rise by 2.4%, well ahead of other analyst projections that landed in the 2.0% range. Economists say that any GDP above 2% is good news for well-run, long-established companies that turn a profit. So-called "GDP-sensitive" companies should benefit from a growing U.S. economy. “We see more opportunities in stocks than the index,” notes BofA head of U.S. equity and quantitative strategy Savita Subramanian in a recent research note, which pegged the S&P 500 at a 6,666 target price for 2025. “In particular, we like companies with healthy cash return prospects and a tether to the US economy: large-cap value stocks.” Cojocaru says large-cap value stocks are well-positioned to perform strongly in 2025, especially if the trends highlighted by BofA analysts continue to shape the market. "Companies in this sector demonstrated remarkable resilience in 2024, navigating a high-inflation environment by adopting strict cost controls, improving operational efficiency, and managing capital strategically," he notes. "These actions now yield significant benefits as inflation moderates and interest rates show signs of stabilizing or potentially declining." An upward trending economy . With analysts calling for a healthy US economy, a strong labor market, moderating inflation, and the resulting potential for further interest rate cuts, value stocks should rise accordingly. "The economy is looking pretty solid right now, with strong jobs, inflation starting to settle, and maybe even some interest rate cuts on the horizon," says Nick Scibilia, CEO of Orbit, a social media platform geared toward younger investors. That scenario represents "awesome news" for value stocks, Scibilia notes. "People are spending more, businesses are booming, and that means more cash for those established companies," he says. "Plus, if interest rates drop, those steady dividend-paying value stocks will look even better." Watch out for risks. Even with a generally rosy outlook on the sector, value investors should know various possible risks. "Firstly, if inflation persists and interest rates continue to increase, value stocks could underperform," Scibilia says. "Secondly, a recession is still possible, and value stocks are not immune to economic downturns. Lastly, geopolitical uncertainty and global events could disrupt market conditions and negatively impact value stocks." Still, Scibilia sees several sectors looking pretty hot right now. "Energy has been a bit wild lately with prices bouncing around, but things are looking good long term," he notes. "Also, when the economy is humming, industrials are in high demand. Think infrastructure, manufacturing, transportation – they’re all key players in keeping things moving." Additionally, robust economic fundamentals should help stocks across the board next year. “A stronger economy is good for all solid companies, even ones that aren't considered value stocks right now," says Paul Gabrail, founder and host of the Everything Money YouTube channel. "The goal is to increase revenue and profit; over time, the stock price and value of the company will converge.” Find the market's fastest-moving stocks and access real-time alerts, expert trade setups, and insider stock picks with Benzinga Edge. Click here to take advantage of our End-of-Year Sale which ends December 31! Image via Pixabay © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Canadian Ingenuity: Mowat’s engaging books raised crucial awareness

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Hisense's HT Saturn speakers feature wireless Dolby Atmos and room calibrationIn this last episode about open-source software I want to look at three levers that can help solve the sustainability issues that plague the sector. They revolve around commercialization, taxation and social validation. Commercialization is the traditional route, which involves finding business models to subsidize open-source projects. It creates a direct revenue stream for developers, enabling them to sustain and further develop their projects. Financial rewards can incentivize them to innovate and continuously improve their software. Quite often, commercialization comes with professional support and services, enhancing the reliability and usability of software that is itself free and open source. On the other hand, introducing commercial aspects might limit access for individuals and smaller organizations that cannot afford to pay for the software. Commercialization can lead to fragmentation within the community, where some versions of the software are exclusive to paying customers. The focus might shift from community-driven development to profit-driven decisions, potentially affecting the open-source ethos. The key to the commercialization lever is you need something scarce to have a business. Open-source is post-scarcity by design, so you have to find something else. Taxation is another way to economically sustain open-source technologies. In Germany, for instance, the Federal Ministry for Economic Affairs and Climate Action is financing the Sovereign Tech Fund, a Sovereign Tech Agency project, that is investing in projects that benefit and strengthen the open-source ecosystem. Tax incentives or funding can support OSS development, ensuring a steady flow of resources for project innovation and maintenance. Recognizing OSS as a public good, taxation can help redistribute resources to support community-driven projects. Long-term, stable funding from taxation can help sustain OSS projects and reduce reliance on private donations or commercial revenue. However, implementing and managing tax incentives can be complex and bureaucratic. Excessive reliance on government support can lead to a lack of independence and potential political influence on project direction. There might be resistance from taxpayers who do not understand the value of OSS, leading to public opposition to such funding mechanisms. The final piece of the puzzle is social validation. It reinforces the community aspect of OSS, encouraging collaboration, contribution and recognition of developers' efforts. Recognition and appreciation can drive developers to contribute passionately to OSS projects, motivated by the desire to help and be acknowledged by their peers. The Drupal Association follows this approach through a credit system that recognizes and incentivizes contributors in the Drupal community for their efforts to create a safe, secure and open web for everyone. Individuals and organizations who contribute to Drupal - be it through code, documentation, submitting case studies that demonstrate success with the software or financial support - earn credits for visibility and advertising on the Drupal.org website, as well as early access, discounts and sponsorships to events among other benefits. Encouraging social validation can lead to a broader range of contributions, including non-code contributions like documentation, design and community management. But social validation does not provide financial compensation, which may be necessary for full-time developers. Recognition can be subjective and might not always accurately reflect contributions, potentially leading to conflicts within the community. Relying solely on social validation might not be sufficient to address the broader financial and resource needs of large OSS projects. A balanced approach that combines elements of commercialization, taxation and social validation is likely the most effective strategy. Each lever has its strengths and can address different aspects of OSS sustainability - commercialization can provide financial sustainability and professional support for projects, taxation can offer stable funding and recognize OSS as a public good, while social validation can maintain community engagement and intrinsic motivation. Promoting a hybrid model where OSS projects can receive funding through multiple channels will create a more resilient and sustainable ecosystem. Dr Jolly Wong is a policy fellow at the Centre for Science and Policy, University of Cambridge

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