TikTok advertisers stay put after US appeals court upholds law forcing saleDeepak Shenoy, Founder and Chief Executive Officer (CEO) of Capitalmind, a financial advisory firm, wants the Reserve Bank of India (RBI) to increase the limit for mutual funds investing in foreign stocks by over 10 times to $50 billion. The RBI has set a limit of $8 billion which Shenoy argued has not been changed since 2009. Highlighting the gap in a social media post on X dated 29 December, the Capitalmind CEO wrote that while mutual funds are restricted, individuals can invest up to $250,000 per person per year via a foreign broker in owning overseas stocks. “This sounds ridiculous,” he said. “Why do we still have restrictions on Indian mutual funds investing in foreign stocks, when we can do the same thing as individuals (with a $250K limit per person per year)? RBI has a $8bn limit that it hasn't changed since 2009 or so. Instead of RBI reserves, let's own stocks!” said the Capitalmind founder and CEO in his post on the platform X. Shenoy also highlighted investors' inconvenience of not being able to invest in an Indian mutual fund which owns foreign stocks, but then those investors have to take their money to a foreign broker in order to own that foreign asset. Shenoy also shared a video in his post in which he talked about the same issue with the Reserve Bank of India ( RBI ) imposing limits on foreign investment. “Why do we have a $7 or $8 billion limit on Indian mutual funds buying US stocks when the money is in India, and the US stocks are controlled by an Indian mutual fund-owning thing. Its actually an Indian asset, why should RBI own all the dollars, why can't people own the dollars?” “Instead of $8 billion, make it $50 billion,” said the Capitalmind CEO. RBI owning US dollar On the RBI owning US dollar front, Deepak Shenoy said that the central bank does not need to own the dollars, giving an example of how the RBI is a representation of people, if people own an asset, the country owns it. “It's the same thing if I own the US dollar, and if RBI owns it. The RBI doesn't need to own it. It's (RBI) is a representation of us, the people. If I own gold, then it actually means India owns gold,” said the executive in the video. He also highlighted how the central bank has classified all the gold imports as imports and how they are not, they are financial assets. “They should be considered as assets of the country. But we don't consider it so. We don't consider that me owning a US asset through an Indian mutual fund is an Indian asset, an Indian ownership of foreign asset,” said Shenoy. He also put forward his views to highlight that a change of mind can push RBI to be free and the central bank to reduce some of its reserves and give people an option to exercise ownership of those foreign assets. “As the more free I (RBI) make it, the more foreign assets we control,” according to the executive. Through the video Shenoy also highlighted the emotions of the Tata Group owning the Jaguar Land Rover (JLR), and how at a global scale it represents Indian ownership of a foreign asset. “There are a lot of worldwide brands that we should own, we would own a lot more of them if we were allowed to and we could own them through mutual funds,” he said.
Jonathan Duskin Sells 12,000 Shares of Citi Trends, Inc. (NASDAQ:CTRN) Stock
How to Use Gold for Retirement Income
SAN DIEGO, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a class action was filed on behalf of all persons and entities that purchased or otherwise acquired Xerox Holdings Corporation (NASDAQ: XRX) securities between January 25, 2024 and October 28, 2024. Xerox and its subsidiaries offer workplace technology that integrates hardware, services, and software for enterprises in the Americas, and internationally. For more information, submit a form , email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbins LLP is Investigating Allegations that Xerox Holdings Corporation (XRX) Misled Investors Regarding its Business Prospects According to the complaint, during the class period, defendants failed to disclose to investors that: (1) after a large workforce reduction, the Company’s salesforce was reorganized with new territory assignments and account coverage; (2) as a result, the Company’s salesforce productivity was disrupted; (3) as a result, the Company had a lower rate of sell-through of older products; (4) the difficulties in flushing out older product would delay the launch of key products; and (5) therefore, Xerox was likely to experience lower sales and revenue. Plaintiff alleges that on October 29, 2024, Xerox revealed “lower-than-expected improvements in sales force productivity” and “delays in the global launch of two new products” had led to “sales underperformance.” The Company disclosed that for third quarter 2024, quarterly revenue was down 7.5% year-over-year to $1.53 billion, net loss fell to -$1.2 billion (down $1.3 billion year-over-year), and equipment sales declined 12.2% year over year to $339 million. In a corresponding earnings call, the Company’s COO revealed the product delay was in fact a “forecasting issue” where the Company “had higher expectations that we were going to flush through the older product” which it needed to “sell through” in order to “make those transitions.” On this news, the Company’s share price fell $1.79, or 17.41%, to close at $8.49 per share on October 29, 2024. What Now : You may be eligible to participate in the class action against Xerox Holdings Corporation. Shareholders who want to serve as lead plaintiff for the class must submit their application to the court by January 21, 2025. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here . All representation is on a contingency fee basis. Shareholders pay no fees or expenses. About Robbins LLP : Some law firms issuing releases about this matter do not actually litigate securities class actions; Robbins LLP does. A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. Since our inception, we have obtained over $1 billion for shareholders. To be notified if a class action against Xerox Holdings Corporation settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today. Attorney Advertising. Past results do not guarantee a similar outcome. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/513fb6e4-a34e-4150-8fe5-2c133087d380
By Manya Saini, Suzanne McGee and Saqib Iqbal Ahmed (Reuters) -GameStop’s shares jumped on Thursday after a cryptic post from meme stock influencer Keith Gill, who shot to notoriety after his online personas and bullish bets on the video game retailer sparked a trading frenzy among mom-and-pop investors. Gill posted a picture resembling a Time magazine cover from 2006 with a computer screen on social media platform X. Following his post, GameStop’s shares spiked and traded as high as $30.87. The stock closed up 6%. Known as “Roaring Kitty” on YouTube and “DeepF***ingValue” on Reddit’s popular WallStreetBets, Gill was a key figure in the so-called “Reddit rally”, in which GameStop stock surged 1,600% at one point in Jan. 2021, crushing hedge funds that had bet against the videogame retailer. Steve Sosnick, chief strategist at Interactive Brokers, noted that this is characteristic of a pattern that has evolved in the trading of GameStop: the stock’s price will rally, then when it settles down a bit or retreats, Gill’s “Roaring Kitty” persona tends to emerge with a social media post. “We’ve seen that pattern again recently; the stock was at $21 earlier in November but then rallied to $30 or so around Thanksgiving, only to give back most of those gains over the last couple of days.” On Thursday, about 300,000 GameStop options contracts had changed hands by 2:14 p.m. (1914 GMT), at about 1.5 times the usual pace, according to data from options analytics firm Trade Alert. The stock’s 30-day implied volatility — how much traders expect the shares to move around over the short term — jumped to a 3-week high of 132%, up from 93% in the previous session, data showed. Contracts betting on the shares finishing above $30 by Friday were the most actively traded options, with some 32,000 of them traded by late afternoon. ‘ANIMAL SPIRITS’ Gill resurfaced on social media earlier in 2024, after a three-year hiatus leading to a deluge of excited messages from his followers, many of whom have likened the social media phenomenon to a David who took on Wall Street’s Goliaths and won. “The re-emergence of the popularity of meme stocks tends to follow any general resurgence in market enthusiasm and animal spirits,” said Art Hogan, market strategist at B. Riley Wealth Management. “Whenever markets are at or near all-time highs, that particular part of the speculative side of stocks tends to pop up again.” The meme stock rally in 2021 was set off by Gill’s posts on WallStreetBets subreddit about the gains he had made on his investments in the highly shorted firm. The rally spread to other highly shorted stocks including AMC Entertainment as Reddit users banded together to squeeze bearish hedge funds, costing them billions in losses and drawing scrutiny from U.S. regulators. The entire episode inspired Craig Gillespie’s 2023 movie “Dumb Money”. Other so-called meme stocks also traded higher on Thursday after Gill’s post. Shares of Unity Software closed up 5%, while cinema chain AMC, another darling of retail investors from 2021, climbed 6%. “It wouldn’t surprise me if the faithful haven’t been distracted by other things. Crypto has stolen GameStop’s thunder recently,” Sosnick said. The video game retailer’s stock is up around 76% so far this year. Meanwhile, bitcoin has surged more than 130% and surpassed the $100,000 mark earlier on Thursday, fueled by optimism over easing regulatory headwinds, in what is a stunning rally for the world’s largest cryptocurrency. (Reporting by Manya Saini in Bengaluru, Suzanne McGee in Providence, Rhode Island and Saqib Iqbal Ahmed in New York; Editing by Alan Barona) Disclaimer: This report is auto generated from the Reuters 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() );Lendmark Financial Services Announces the Elevation of Bret Hyler to President & Chief Operations Officer and Retirement of Two C-Suite MembersNoneStriking Woolworths employees are continuing to protest outside the supermarket giant’s distribution centre in Melbourne’s outer south-east, despite a ruling by the industrial umpire yesterday barring striking workers from blocking access to the site. A coach containing a group of people dressed in hi-vis vests arrived at the distribution centre in Dandenong South just before 8am Saturday, but quickly departed after the entrance was blocked by 10 people forming a picket line. A human barricade at Dandenong South distribution centre on Saturday morning. Credit: Adan Carey The supermarket giant has said it is eager to reopen its Melbourne South Regional Distribution Centre as soon as possible, after the Fair Work Commission made an interim ruling on Friday that striking United Workers Union (UWU) members could not blockade the warehouse entrance. There are two picketing groups outside the huge warehouse today. UWU members did not join this morning’s human barricade, rather, a group of sympathisers from other unions stood in a line to ensure the coach could not enter. People inside the coach could be seen filming the stand-off on their phones. It was not clear whether those on board were hired labour. Members of the barricade group chased the coach along Portlink Drive as it departed. A coach arriving at the distribution centre on Saturday morning. Credit: Adam Carey Woolworths has said the industrial action has cost the company at least $50 million so far . Workers are striking for better pay and conditions, and in protest against the use of automation in the Dandenong centre that the union says treats people as though they are robots. The commission did not order the strike to end, finding there was nothing to stop unionised workers from rallying at the four centres – but the picketers were ordered to allow safe passage in and out of the sites. In a statement released on Friday night, Woolworths said it planned to reopen its major Dandenong South distribution centre “as soon as possible”. The supermarket giant’s shelves have been stripped bare as the company was unable to restock groceries during a two-week strike that shuttered distribution centres in Victoria and NSW. Some Dan Murphy’s and BWS stores were also affected. Empty shelves at Woolworths’ Southbank store earlier this week. Credit: Woolworths filed an urgent Fair Work Commission application this week after previously attempting to bus workers – who were not UWU members – across the picket line and into the Dandenong South facility. The supermarket giant abandoned its plans, citing safety fears. The scene this week at Woolworths’ distribution centre in Dandenong South, where a strike has left shelves bare in stores all over Melbourne. Credit: Wayne Taylor The commission heard that about 30 staff, including Woolworths managers, had sought to work at the site before the company abandoned its plans to allow some non-union workers to return to work during the week. It also heard the centres usually had about 100 workers during each shift. About 300 people regularly work at the Dandenong site. Woolworths alleged that the union had breached good-faith bargaining provisions because the picket line blockaded the site. The Fair Work Commission found the union had an obligation not to obstruct work at the site, issuing a bargaining order against the union that it had breached the law in how it had operated the picket line. Commission deputy president Gerard Boyce ruled the picket line across the driveway of the distribution centre had been conducted in a way that was capricious and unfair. “I find that unlawful picketing or conduct that has the effect of obstructing the worksite has occurred,” Boyce said. “I find that the UWU is not meeting its good-faith requirements under the act.” Boyce also said the UWU had failed to provide evidence to support its position that the picket line was within the law. Negotiations between the union and Woolworths about the pay deal continue. Reacting to the decision, a Woolworths spokesperson said on Friday night that the company was “pleased” with the outcome. “Today’s decision is a positive step for our team members who want to get back to work before Christmas,” they said. “It also means we will be able to progressively boost stock levels across stores in Victoria.” The scene at the distribution centre in Dandenong South on December 3. Credit: Wayne Taylor During the hearing, Woolworths described the picket line as forcing it to negotiate with the striking workers’ union as though the company has a “gun to its head”. Woolworths said this week that the strike had cost $50 million in lost sales, and it expects further impacts on turnover until the strike is resolved. The union’s counsel, Hugh Crosthwaite, told the commission that the orders were unnecessary because the picket had not affected bargaining. “Bargaining since [December 2] has continued at great frequency, the parties are meeting regularly,” he said. “Bargaining is progressing in a completely orthodox way. There is simply nothing in the bargaining process to remedy. Indeed while we’re here, bargaining representatives are bargaining.” Crosthwaite also said it was “utterly implausible” that Woolworths could have operated the facility with the few staff it planned to bus in, as they were cleaners and others who did prep work rather than operators of the centre. UWU national secretary Tim Kennedy said this week that the union had been bargaining in good faith for months. “The best way to get workers back to work and shelves restocked in time for Christmas is for Woolworths to concentrate on reaching agreement at the bargaining table. Anything else is a distraction,” Kennedy said. With Lachlan Abbott Our Breaking News Alert will notify you of significant breaking news when it happens. Get it here .
TikTok is inching closer to a potential ban in the US. So what's next?Super Micro Wins Key Nasdaq Extension. The Stock Is Soaring. - Investor's Business Daily
Former U.S. President Jimmy Carter died Sunday, confirmed by his family to the Atlanta Journal-Constitution and Washington Pos t. He was 100 years old. Born James Earl Carter, Jr., in Plains, Georgia, on October 1, 1924, the Democrat pursued state politics before he was elected to one term in the White House, where he served as the 39th president between 1977 and 1981. Carter's mother was a nurse, and his father was a businessman and farmer who grew peanuts, cotton, sugar and corn. The National Park Service currently oversees the Carter family farm as part of the Jimmy Carter National Historical Park, which is open to visitors. Carter attended public school in his hometown before enrolling in Georgia Southwestern College and the Georgia Institute of Technology. He ultimately graduated from the U.S. Naval Academy in 1946 and served as an officer in the U.S. Navy for seven years. Once his time at the academy was completed, Carter married Rosalynn Smith, who later became the first lady during Carter's time in office. The couple had three sons and one daughter and would be married for 77 years, the longest marriage in presidential history. Carter first decided to pursue a career in politics in the early 1960s, when he was elected to the Georgia Senate . He launched his first gubernatorial campaign ahead of the 1966 election and lost, but went on to win his second bid for governor four years later, becoming the state's 76th elected leader and serving from January 1971 through January 1975. After a brief time overseeing the Democratic National Committee , Carter announced his intention to run for president in late 1974. He defeated incumbent Republican Gerald Ford with 297 electoral votes to Ford's 240, with former Minnesota Senator Walter Mondale joining the new Democratic administration as Carter's vice president. Mondale died in 2021 at 93. In a statement Carter released at the time, he remembered Mondale as "the best vice president in our country's history" and a "dear friend." While president, Carter was credited with encouraging a peace agreement in the Middle East that ultimately resulted in the Camp David Accords, which the Office of the Historian at the U.S. Department of State described as "historic." The White House archives lists the Panama Canal treaties and an agreement between the U.S. and the Soviet Union restricting nuclear weapon production as some of Carter's biggest victories overseas. In the U.S., Carter pursued deregulation in a handful of industries, including energy and transportation, and pushed for new environmental protections. The U.S. Department of Education also launched during his time in office. Carter's presidency is often remembered by the Iran hostage crisis and struggles at home as the U.S. faced an economic downturn. A White House Historical Association overview of Carter's administration credited the hostage crisis—which continued for more than a year and didn't end until Carter's final day as president—with impacting the Democrat's unsuccessful bid for re-election. Carter lost the 1980 election with 41 percent of the popular vote and just 49 electoral college votes. He was succeeded by Republican Ronald Reagan. Shortly after leaving the White House, Carter established The Carter Center in Atlanta with his wife and in collaboration with Emory University. The former first lady was Carter's "full partner" in their efforts at the nonprofit and was continuing her work by chairing its Mental Health Task Force as of January, according to her co-founder page on the organization's website. The Carter Center was created "on a fundamental commitment to human rights and the alleviation of human suffering" and describes its continuing mission as seeking "to prevent and resolve conflicts, enhance freedom and democracy, and improve health." In 2002, the Norwegian Nobel Committee announced Carter was its choice for the 2002 Nobel Peace Prize "for his decades of untiring effort to find peaceful solutions to international conflicts, to advance democracy and human rights, and to promote economic and social development." At the time of the announcement, the committee recognized Carter's work on the Camp David Accords while he was president, as well as his efforts in protecting democratic elections overseas and defending human rights through the Carter Center. More recently, Carter continued voicing his positions on voting rights in his own country as a slew of states weighed the implementation of new election-related restrictions. In March 2021, Carter criticized his home state's legislature for pursuing election-related legislation that he said seemed "to be rooted in partisan interests, not in the interests of all Georgia voters." "As our state legislators seek to turn back the clock through legislation that will restrict access to voting for many Georgians, I am disheartened, saddened, and angry," Carter said at the time. Two months later, the Carters were visited at their home in Georgia by President Joe Biden and first lady Jill Biden . Carter had previously congratulated Biden on his win in the 2020 election through a statement in which he and Rosalynn said they both "look forward to seeing the positive change they bring to our nation." In the years before his death, and following a series of hospital stays, Carter began hospice care at home, opting to spend his remaining time surrounded by family. Rosalynn, who was also in hospice care at their Georgia home following a diagnosis of dementia, died in November 2023. Carter is survived by his four children, Jack, James, Donnel and Amy, and several grandchildren and great-grandchildren. This is a developing news story and will be updated with more information.
Han Kyung Park Sells 11,250 Shares of Photronics, Inc. (NASDAQ:PLAB) Stock
NoneMariah Carey using artificial intelligence to address her most devoted Spotify fans? The pop diva says that’s just simply fantasy. The “All I Want for Christmas Is You” and “Fantasy” hit maker on Thursday debunked the speculation surrounding her fan message, which made the internet rounds amid Spotify’s annual Wrapped campaign earlier this week. In brief videos shared via Spotify, Carey and other artists including Kali Uchis and Taylor Swift thanked their top fans on the streaming platform for their support. In Carey’s fan message, which some users reposted to X (formerly Twitter), the singer tells her fan base — a.k.a. lambs — “your support throughout the years is the greatest gift I can ask for.” In the video, Carey sits still on a dimly lighted set in front of Christmas trees and wearing her signature Santa Claus-inspired dress. The video quickly sparked AI speculation on social media. “THIS HAS TO BE AI,” one user tweeted on Wednesday. While other fans echoed suspicions of AI use and joked about the singer’s stiff demeanor (“blink twice if ur ok, ” a user wrote), others seemingly took a closer look at the pop star’s face — particularly her eyes. One user on Thursday wrote that the singer was “definitely reading off a teleprompter” in her video. The Grammy winner finally took matters into her own hands Thursday evening and revealed the culprits behind her bizarre video. “Bad lighting and a red lip have you all thinking this is AI??” Carey tweeted . “There’s a reason I’m not a fan of either of those things,” she said before touting the next stop on her annual Christmas tour. The self-appointed Queen of Christmas, who stopped by the Hollywood Bowl in November, celebrates the 30th anniversary of her album “Merry Christmas” this year. The LP included her infectious holiday hit “All I Want for Christmas Is You,” which has consistently climbed the charts since 2019. In October, Carey told Times critic Mikael Wood that “it’s happened so many times that I’m thrilled.” “And should it happen again, I would be even more thrilled,” she added. Though Carey might be most known for her Christmas classic, she encouraged her top Spotify fans — suspicious of AI use or not — to keep an eye out this week for more. “I can’t wait to share new music with you soon,” she said.
MICHELLE Keegan has announced she is pregnant with her first baby with husband and former Towie alum Mark Wright. Brassic star Michelle , 37, has been hiding any signs that she is expecting a child. 7 The Brassic star has been hiding her bump in an array of outfits Credit: Instagram 7 Michelle has announced her happy baby news Credit: Tillen & Dove 7 The former Corrie star has kept her bump hidden for months Credit: Splash 7 Mark and Michelle revealed they are expecting their first child Before announcing her pregnancy news on Instagram tonight, Michelle was seen showing tell tale signs that she is a blossoming mum-to-be. The star has been covering up her blooming figure over the past few months, teaming comfy trousers with sensible Ugg boots . The former Corrie star has been keeping her growing bump under wraps in oversized coats and thick winter jumpers. The Fool Me Once actress has also been spotted sporting an array of slouchy clothes including beanies, hoodies, trainers and jogging bottoms. Read more in Showbiz sick bed Coronation Street star Georgia May Foote sparks concern amid five-day illness party pals Corrie legend Charlie Lawson opens up about wild nights out with Katie Price Michelle, who usually keeps fans well-updated on social media, has shared far fewer Instagram posts recently as she navigates the first few months of the pregnancy. The brunette bombshell, who has recently been alcohol-free, admitted that she prefers nesting at home in favour of being out and about. Once a fan of late-night dinners in the early days of their romance, the star explained that she now favours an early night. She said: “I am happy to have a night on the sofa with our dogs watching TV and relaxing, but we do still like getting dressed up and go out for dinner.” Most read in Celebrity GER OUT Moment raging Rangers fans BOO their own players and say 'go away' at Motherwell WELL 2 GERS 2 Shambolic display leaves Clement on brink as horror Christmas week continues FOUND SAFE Missing Scots teacher found safe and well after urgent search PURR-FECT 'You can be my Catwoman' cry fans as Scots singer stuns in plunging jumpsuit The pregnant actress - who told fans over Christmas that she 'couldn't stop' eating - added: “In the old days we’d go out for dinner and drinks until the early hours. "But now after dinner, I’ll look at my watch and say, 'Its 9.30pm, we’d better get back home for bedtime'. Michelle Keegan shares romantic tribute to Mark Wright with new addition to £3.5m mansion "It’s a bit more boring now.” The married pair have been busy designing and building their forever home - just in time for their growing family. In 2021, the TV duo purchased a £3.5 m baby-friendly five-bedroom house, with a cinema room and an outdoor pool . Last August the couple threw a housewarming party to celebrate the completion of the project - which boasts plenty of space for a nursery. She told the Guardian: "It still gets me emotional. Because we’ve worked really hard for it. We’ve had to make a lot of sacrifices. "I missed lots of milestones in my life due to work. Mark went to LA and we spent months apart, which was hard. But, it’s worth it." Michelle said previously about wanting to settle down and have security in her life. "I missed lots of milestones in my life due to work. Mark went to LA and we spent months apart, which was hard. But, it’s worth it." Michelle went on to say that the house was also "about security" as "you never know when all this is going to end". The couple first met behind-the-scenes on The X Factor before subsequently bumping into each other at numerous other events after. A year later, the former TOWIE star asked Michelle out on a date which led to things becoming official in 2012. Read more on the Scottish Sun GHOST TOWN Former Scots shopping hotspot 'decaying' as multimillion pound revamp ‘failing’ VAX HORROR Striken Scots 'gaslit' by health bosses after complications from Covid vaccine Mark popped the question to Michelle the following year during a romantic holiday in Dubai and they went on to marry in 2015. The couple married at St Mary’s Church in Bury St Edmunds in 2015, followed by a lavish reception at the Tudor mansion Hengrave Hall. 7 Michelle has been seen keeping cosy and warm during the cold Credit: Splash 7 Mark and Michelle have been together for nine years Credit: Alamy 7 The brunette was seen in the summer showing off her enviable figure Credit: InstagramHuawei Overtakes Apple As Leader In Smartwatch MarketElectromagnetic Pen Market: Overview, Scope, Trends, and Factors 2029 12-19-2024 07:42 PM CET | IT, New Media & Software Press release from: Data Bridge Market Research Electromagnetic Pen Market The electromagnetic pen market is gaining prominence as a crucial segment within the technology industry. These innovative devices leverage electromagnetic technology to enhance precision and functionality, making them indispensable tools in sectors such as education, healthcare, and design. With increasing digitization across various industries, the demand for advanced input devices like electromagnetic pens is witnessing a significant surge. Browse More About This Research Report @ https://www.databridgemarketresearch.com/reports/global-electromagnetic-pen-market Overview of the Electromagnetic Pen Market Electromagnetic pens, also known as styluses, are input devices that facilitate seamless interaction with digital screens. These pens use electromagnetic resonance technology, enabling users to write, draw, or navigate with exceptional accuracy. Unlike traditional touch-based input, electromagnetic pens provide pressure sensitivity, palm rejection, and precise control, which makes them suitable for professional applications such as graphic design, technical drawing, and medical documentation. The market for electromagnetic pens is driven by the rising adoption of digital solutions in education and corporate environments. These devices are often paired with tablets, interactive whiteboards, and other smart devices to create immersive and efficient user experiences. Additionally, their utility in niche applications, such as electronic signature capture and digital art, further fuels their adoption across diverse industries. Scope of the Market The electromagnetic pen market has a broad scope, encompassing various industries and applications. Key areas of application include: Education: Interactive learning tools like smart classrooms and e-learning platforms are increasingly adopting electromagnetic pens to enhance student engagement and facilitate digital note-taking. Healthcare: In the medical field, electromagnetic pens are used for creating digital patient records, annotating diagnostic images, and enabling precise inputs for telemedicine consultations. Design and Creative Industries: Graphic designers, architects, and artists rely on these pens for digital illustration, 3D modeling, and other creative tasks that demand precision and flexibility. Corporate and Business Environments: Businesses are utilizing electromagnetic pens for digital whiteboarding, document annotation, and collaboration during virtual meetings. Gaming and Entertainment: Gaming enthusiasts and developers are using electromagnetic pens to create immersive experiences and design game elements with intricate details. The versatility of electromagnetic pens positions them as essential tools in both professional and personal use cases. Their integration with advanced software solutions further expands their utility, offering customized features tailored to specific industry needs. Market Trends Several key trends are shaping the electromagnetic pen market, reflecting its dynamic growth and evolution: Rising Demand for Remote Learning and Work Solutions: The COVID-19 pandemic accelerated the adoption of remote working and learning tools. Electromagnetic pens became integral to enabling interactive and productive digital environments. Technological Advancements: Innovations in electromagnetic technology, such as enhanced pressure sensitivity, tilt recognition, and wireless charging capabilities, are driving product development and differentiation. Integration with AI and Machine Learning: The integration of electromagnetic pens with AI-powered tools enhances functionality, enabling features like handwriting recognition, predictive text, and smart annotations. Eco-Friendly and Sustainable Designs: Manufacturers are focusing on creating environmentally sustainable products, using recyclable materials and energy-efficient components to meet growing consumer demands for eco-friendly solutions. Increased Adoption in Emerging Markets: Emerging economies are witnessing a rise in digital literacy and technology adoption, creating significant opportunities for electromagnetic pen manufacturers to expand their reach. Customization and Personalization: Users are increasingly seeking customizable solutions that cater to their unique preferences and professional requirements. This trend is encouraging manufacturers to offer pens with adjustable settings and interchangeable tips. Collaboration with Software Providers: Partnerships between hardware manufacturers and software developers are resulting in seamless compatibility and enhanced user experiences. For example, electromagnetic pens integrated with design software offer advanced tools for creative professionals. Factors Driving the Market The growth of the electromagnetic pen market is influenced by several factors: Increasing Digitization: The global shift towards digital platforms across industries is a primary driver of demand for electromagnetic pens. These tools enable users to interact more effectively with digital devices, enhancing productivity and creativity. Growth of Creative Professions: The rise of digital artists, graphic designers, and other creative professionals has increased the demand for precise and versatile input tools, making electromagnetic pens a preferred choice. Educational Reforms: The integration of technology into education systems worldwide is boosting the adoption of digital tools, including electromagnetic pens, to facilitate interactive and engaging learning experiences. Healthcare Digitization: The healthcare industry's transition to digital solutions, such as electronic health records (EHR) and telemedicine platforms, is driving the need for accurate and efficient input devices. Technological Innovations: Continuous advancements in electromagnetic pen technology, such as improved accuracy and ergonomic designs, are attracting a broader user base and expanding market penetration. Cost-Effectiveness: The availability of electromagnetic pens at various price points makes them accessible to a wide range of users, from students and hobbyists to professionals and enterprises. Rising Awareness: Growing awareness about the benefits of electromagnetic pens, including their precision and ease of use, is encouraging more individuals and organizations to invest in these devices. Competitive Landscape: The presence of numerous players in the market fosters competition, resulting in continuous product innovation and better pricing strategies. Conclusion The electromagnetic pen market is poised for robust growth, driven by increasing digitization, technological advancements, and rising demand across various industries. As the market continues to evolve, manufacturers and stakeholders have numerous opportunities to innovate and cater to the diverse needs of consumers. From enhancing productivity in professional settings to enabling creative expression in artistic pursuits, electromagnetic pens are set to remain at the forefront of technological innovation. Browse Trending Reports: https://newsasdbmr.blogspot.com/2024/12/adalimumab-market-size-share-and-trends.html https://newsasdbmr.blogspot.com/2024/12/chemotherapy-drug-market-size-share-and.html https://newsasdbmr.blogspot.com/2024/12/cellular-health-screening-market-size_19.html https://newsasdbmr.blogspot.com/2024/12/cell-based-immunotherapy-market-size_19.html About Data Bridge Market Research: An absolute way to predict what the future holds is to understand the current trend! Data Bridge Market Research presented itself as an unconventional and neoteric market research and consulting firm with an unparalleled level of resilience and integrated approaches. We are committed to uncovering the best market opportunities and nurturing effective information for your business to thrive in the marketplace. Data Bridge strives to provide appropriate solutions to complex business challenges and initiates an effortless decision-making process. Data Bridge is a set of pure wisdom and experience that was formulated and framed in 2015 in Pune. Data Bridge Market Research has more than 500 analysts working in different industries. We have served more than 40% of the Fortune 500 companies globally and have a network of more than 5,000 clients worldwide. Data Bridge is an expert in creating satisfied customers who trust our services and trust our hard work with certainty. We are pleased with our glorious 99.9% customer satisfaction rating. Contact Us: - Data Bridge Market Research US: +1 888 387 2818 United Kingdom: +44 208 089 1725 Hong Kong: +852 8192 7475 Email: - sopan.gedam@databridgemarketresearch.com This release was published on openPR.