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Today’s news headlines and Thought for the Day for school assembly: 23 November 2024CONWAY, Ark., Dec. 10, 2024 (GLOBE NEWSWIRE) -- Home BancShares, Inc. (NYSE: HOMB) (“Home” or “the Company”), and its wholly-owned subsidiary, Centennial Bank (“Centennial”), announced it has established additional reserves for loan losses as a result of Hurricane Milton. On October 11, 2024, HOMB announced a $16.7 million reserve as a result of Hurricane Helene, which made landfall September 26, 2024. Upon announcement HOMB indicated the more recent and powerful Hurricane Milton, which made landfall on October 9, 2024, and caused the spin-off of more than two dozen tornados, would likely lead to an increase in this reserve amount. “Out of an abundance of caution, HOMB has decided to make an additional $16.7 million reserve following the second Florida hurricane, bringing our total hurricane reserve to $33.4 million for the year,” said John Allison, Chairman of HOMB. “The two hurricanes spanned across the third and fourth quarter and the amount of time it takes for customers to settle with insurance will no doubt increase, with two back-to-back events,” continued Allison. “We have approximately $110 million currently on deferral as a result of the two hurricanes and in keeping with our conservative nature, we feel as though this proactive move is a prudent and predictable course of action,” added Allison. Branches The Company currently has 76 branches in Arkansas, 78 branches in Florida, 58 branches in Texas, 5 branches in Alabama and one branch in New York City. About Home BancShares Home BancShares, Inc. is a bank holding company, headquartered in Conway, Arkansas. Its wholly-owned subsidiary, Centennial Bank, provides a broad range of commercial and retail banking plus related financial services to businesses, real estate developers, investors, individuals and municipalities. Centennial Bank has branch locations in Arkansas, Florida, Texas, South Alabama and New York City. The Company’s common stock is traded through the New York Stock Exchange under the symbol “HOMB.” The Company was founded in 1998. Visit www.homebancshares.com or www.my100bank.com for more information. General This release contains forward-looking statements regarding the Company’s plans, expectations, goals and outlook for the future, including future financial results. Statements in this press release that are not historical facts should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not guarantees of future events, performance or results. When we use words or phrases like “may,” “plan,” “propose,” “contemplate,” “anticipate,” “believe,” “intend,” “continue,” “expect,” “project,” “predict,” “estimate,” “could,” “should,” “would,” “on track” and similar expressions, you should consider them as identifying forward-looking statements, although we may use other phrasing. Forward-looking statements of this type speak only as of the date of this news release. By nature, forward-looking statements involve inherent risks and uncertainties. Various factors could cause actual results to differ materially from those contemplated by the forward-looking statements. These factors include, but are not limited to, the following: economic conditions, credit quality, interest rates, loan demand, real estate values and unemployment, including the ongoing impacts of inflation; the ability to identify, complete and successfully integrate new acquisitions; the risk that expected cost savings and other benefits from acquisitions may not be fully realized or may take longer to realize than expected; diversion of management time on acquisition-related issues; the availability of and access to capital and liquidity on terms acceptable to us; legislative and regulatory changes and risks and expenses associated with current and future legislation and regulations; technological changes and cybersecurity risks and incidents; the effects of changes in accounting policies and practices; changes in governmental monetary and fiscal policies; political instability, military conflicts and other major domestic or international events; the impact of recent or future adverse weather events, including hurricanes, and other natural disasters; disruptions, uncertainties and related effects on credit quality, liquidity and other aspects of our business and operations that may result from any future public health crises; competition from other financial institutions; potential claims, expenses and other adverse effects related to current or future litigation, regulatory examinations or other government actions; potential increases in deposit insurance assessments, increased regulatory scrutiny or market disruptions resulting from financial challenges in the banking industry; changes in the assumptions used in making the forward-looking statements; and other factors described in reports we file with the Securities and Exchange Commission (the “SEC”), including those factors set forth in our Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC on February 26, 2024. FOR MORE INFORMATION CONTACT: Donna Townsell Director of Investor Relations Home BancShares, Inc. (501) 328-4625Former President Bill Clinton said this weekend he had a feeling “all the so-called swing states would vote together” during this past election, and he wasn’t surprised that Donald Trump won his bid for the presidency. “At least this time, there is no question that he actually won both the popular vote and the Electoral College,” Clinton said , referring to Trump losing the popular vote in 2016 when he faced Clinton’s wife, Democrat Hillary Clinton. In 2024, Trump won all seven swing states: Arizona, Michigan, Pennsylvania, Georgia, North Carolina, Wisconsin and Nevada. In the interview with Jonathan Capehart that aired on MSNBC over the weekend, Clinton suggested “the late intervention” of FBI director James Comey’s investigation into his wife’s private email server she used while she was secretary of state helped Trump win. Hillary Clinton said last month in an interview that Vice President Kamala Harris had a better shot at the presidency than her because she didn’t have Comey “waiting in the wings to kneecap her.” That didn’t matter, however, for Harris, because she ultimately lost to Trump earlier this month. “There’s been a lot of change for people to digest,” Bill Clinton said, “a lot of economic adversity and upheaval, a lot of political upheaval, a lot of social developments. And if you think about it, some of the votes that happened in the last election are people who are just exhausted by uncertainty and tired of carrying it around. And that always helps the right.” In that same interview , Bill Clinton responded to Trump’s Cabinet picks, saying Trump is interested in loyal people. “We have to listen to Donald Trump,” Bill Clinton said. “He’s been very forthright about how to use the law. He’s interested in people who are loyal to him 100% of the time, no matter what the issue, no matter what the facts, no matter who gets hurt.” Bill Clinton Reacts To Donald Trump’s Cabinet Picks Bill Clinton Opens Up About 'Frustration' Over Monica Lewinsky Scandal Question In New Memoir Donald Trump Jr. Jokes About Violence Toward Harris, Clinton After Father's Election Wins
New Delhi, Dec 26 (PTI) India’s sports fraternity on Thursday joined the nation in mourning the demise of two-time former Prime Minister Dr Manmohan Singh, paying homage to his “calm leadership and wisdom” in stirring condolence messages. Singh, 92, died at the All India Institute of Medical Sciences (AIIMS) here after losing consciousness at his home owing to age-related ailments. “Sad news of the passing of Dr. Manmohan Singh Ji. A visionary leader and a true statesman who worked tirelessly for India’s progress. His wisdom and humility will always be remembered. My heartfelt condolences to his loved ones,” World Cup-winning former cricketer Yuvraj Singh posted on X. Similar sentiments were expressed by his former teammate and Aam Aadmi Party’s Rajya Sabha member Harbhajan Singh, who described Singh as a thorough gentleman and visionary leader. “What truly set him apart was his calm and steady leadership in times of crisis, his ability to navigate complex political landscapes, and his unwavering belief in India’s potential,” he wrote. It was during Singh’s second tenure that India hosted the 2010 Commonwealth Games in the national capital. It was the first international multi-sport extravaganza to be held in the country after the 1982 Asian Games, also hosted by Delhi. Former wrestler Vinesh Phogat, who is now a Congress MLA in Haryana, called Singh a man of “extraordinary wisdom, simplicity and vision.” “Dr. Manmohan Singh was not just a Prime Minister, but he was a thinker, economist and a true patriot. His calm leadership style and economic vision gave the country a new direction, from the 1991 economic reforms to establishing India’s reputation on the global stage. “There was depth in his humility and wisdom in his every word. His services and contributions to the country will always be remembered. You will always live in our hearts, Sir,” she wrote in her emotional tribute on social media. Former cricketers Virender Sehwag and VVS Laxman and ex-women’s hockey team captain Rani Rampal were also among those who expressed their sadness at his death. Before serving as Prime Minister from 2004 to 2014, Singh was finance minister in the P V Narasimha Rao-led government and was the brain behind the economic reforms of 1991 that marked the beginning of liberalisation in the country. Widely respected for his intellect and grace in public life, Singh had retired from active politics in April this year after over a three-decade run as a Rajya Saha MP. PTI PM PM PM This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content. var ytflag = 0;var myListener = function() {document.removeEventListener('mousemove', myListener, false);lazyloadmyframes();};document.addEventListener('mousemove', myListener, false);window.addEventListener('scroll', function() {if (ytflag == 0) {lazyloadmyframes();ytflag = 1;}});function lazyloadmyframes() {var ytv = document.getElementsByClassName("klazyiframe");for (var i = 0; i < ytv.length; i++) {ytv[i].src = ytv[i].getAttribute('data-src');}} Save my name, email, and website in this browser for the next time I comment. Δ document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() );
Mumbai, December 30: Every day brings something new to the stock market. The share market experiences highs and lows every day, with several stocks taking the upper hand while others trade in the negative. Hence, it is crucial to stay informed in the ever-evolving financial world. On Monday, December 30, traders and investors should keep an eye on several key stocks to buy and sell, including small-cap stocks like NHPC (NSE: NHPC), Infibeam Avenues (NSE: INFIBEAM), Cupid (NSE: CUPID), NACL Industries (NSE: NACLIND), MMTC (NSE: MMTC), and Meghmani Organics (NSE: MOL). Stocks such as Tata Chemicals Ltd (NSE: TATACHEM), HDFC Bank Ltd (NSE: HDFCBANK), Tata Motors Ltd (NSE: TATAMOTORS), Can Fin Homes (NSE: CANFINHOME), Dr Reddy's Laboratories (NSE: DRREDDY), and Mahindra & Mahindra (NSE: M&M) should also remain in focus on December 30. Stay informed on the latest developments influencing your investments and the economy with our curated list of stocks to buy or sell as of December 26. From significant index movements and corporate earnings reports to key economic indicators and geopolitical events shaping the market, LatestLY provides you with the essential information that matters most in today’s dynamic financial landscape. Adani Enterprises Share Expected To Rise by 57.8% in 24 Months: Ventura Securities . Small-Cap Stocks To Buy or Sell Under INR 100 on December 30 According to the Livemint , Sugandha Sachdeva suggested buying NHPC (NSE: NHPC) at INR 80, targeting INR 84.50 with a stop loss at INR 78, and Infibeam Avenues (NSE: INFIBEAM) at INR 26, with a target of INR 28.40 and a stop loss at INR 24.60. Mahesh M Ojha recommended buying MMTC (NSE: MMTC) between INR 72-INR 73, with targets of INR 77, INR 82, INR 85, and INR 88, and a stop loss at INR 68, along with Meghmani Organics (NSE: MOL) between INR 76-INR 77.50, targeting INR 82, INR 85, INR 88, and INR 92, and a stop loss at INR 74. Anshul Jain’s picked under INR 100 include Cupid (NSE: CUPID) at INR 77.50, targeting INR 83.50 with a stop loss at INR 74.50, and NACL Industries (NSE: NACLIND) at INR 65, with a target of INR 70 and stop loss at INR 63. Stock Market Today: Share Market Ends Flat, Sensex Settles at 78,472.48, Nifty at 23,750.20; Adani Ports Top Gainer . Shares to Buy or Sell on December 30 As per the media outlet , Ganesh Dongre of Anand Rathi recommended buying Tata Chemicals Ltd (NSE: TATACHEM) at INR 1,050, with a target of INR 1,150 and a stop loss at INR 1,010, HDFC Bank Ltd (NSE: HDFCBANK) at INR 1,800, targeting INR 1,860 with a stop loss at INR 1,760, and Tata Motors (NSE: TATAMOTORS) Ltd at INR 750, with a target of INR 795 and a stop loss at INR 730. While talking to the outlet , Sumeet Bagadia suggested buying Can Fin Homes (NSE: CANFINHOME) at INR 750.55, targeting INR 810 with a stop loss at INR 720, Dr Reddy's Laboratories (NSE: DRREDDY) at INR 1,389.45, with a target of INR 1,500 and a stop loss at INR 1,340, and Mahindra & Mahindra (NSE: M&M) at INR 3,049.45, targeting INR 3,300 with a stop loss at INR 2,900. (The above story first appeared on LatestLY on Dec 30, 2024 08:00 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com ).Hudson Meek, the child actor known best for his performance in the 2017 film "Baby Driver," has died, authorities said. He was 16. Meek was pronounced dead Dec. 21 at University of Alabama Hospital in Birmingham, Alabama, the Jefferson County Coroner confirmed to CBS News. He succumbed to blunt force injuries he'd suffered two days earlier, when he fell from a moving vehicle, according to the coroner's report. The coroner said the circumstances around Meek's death are under investigation by the police department in Vestavia Hills, the Birmingham suburb where the actor lived and the incident occurred. A post on Meek's Instagram account Sunday announced he had died but did not share details about what happened. "Our hearts are broken to share that Hudson Meek went home to be with Jesus tonight. His 16 years on this earth were far too short, but he accomplished so much and significantly impacted everyone he met," the post's caption read in part. A memorial service for Meek is scheduled to take place at Dawson Memorial Baptist Church in Homewood, Alabama, this Saturday, Dec. 28, and will be available to livestream, according to a second post shared to social media Wednesday and an obituary . The obituary described as "reflective and thoughtful" yet "tenacious when he set his mind to something." "Hudson's personality was one of a kind," it said. "He was confident, convicted in his beliefs, spontenous, and quick-witted. He never let the facts get in the way of a funny story, and he loved friendly banter. He was a prankster, loved a good joke, and was happiest when he was making others laugh." Meek was a sophomore at Vestavia Hills High School, where he played football and was a member of the choir as well as the school's fellowship of Christian athletes, according to the obituary. His acting career took off in 2017, when he played the younger version of Ansel Elgort's titular character in the action-crime movie "Baby Driver."
An interesting item from Bloomberg (gated) discussing how Chinese authorities have propped up the country's equity markets but slammed the yuan as an unintended consequence: record dividend payouts ("dividend bonanza") lead to currency outflows Between January and March, interim dividends from Hong Kong-listed Chinese companies are expected to hit a record level for the first quarter of US$12.9 billion, following a strong $16.2 billion in the fourth quarter, up 47% year-over-year. These payouts, primarily in Hong Kong dollars but earned in yuan, require currency conversions, increasing demand for foreign currencies and contributing to yuan depreciation. This puts pressure on China's central bank to balance short-term market stability with long-term economic goals, as the yuan nears one-year lows. Chinese companies, especially state-owned enterprises (SOEs), have been increasing dividend payouts since April’s capital-market reforms, which encourage higher shareholder returns and better corporate governance. In 2024, total dividends paid are expected to reach $118 billion. Despite a strong rally in SOE shares earlier this year, the focus on boosting dividends is exacerbating the yuan’s weakening, with regulators stressing the need for consistent cash distributions. Economists suggest that Beijing may take steps to guide dollar inflows to support the yuan as dividend payouts continue to rise.
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