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Israel and Lebanon's Hezbollah start a ceasefire after nearly 14 months of fightingAP News Summary at 12:21 p.m. EST
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The recent massive diesel leak from Hindustan Petroleum Corporation Limited (HPCL) depot at Elathur in Kozhikode has escalated the local protest demanding the relocation of the depot to Kannur. While the Elathur Janakeeya Samrakshana Koottayma, a non-political organisation, has been making this demand for decades, the authorities are now, for the first time, taking notice, with the leak serving as a crucial catalyst. The fuel depot was established at Elathur, between the railway line and the National Highway, around 35 years ago. The protest began in the early 1990s when locals realised that the site, initially expected to house a petrol bunk, was a depot. “Due to a lack of awareness at the time, we thought it could provide job opportunities. It was much later that we realised the danger behind it,” said Elathur ward councillor Manoharan Mangariyil. He said fuel leaks and fire mishaps had been common around the depot for decades. However, this was the first time a leak of such magnitude had occurred. “For years, we have suffered from side effects, such as respiratory issues, due to the smell of the petroleum that permeates the air around the depot. The recent leak has likely polluted the air and water in the region to an irreversible extent. Thankfully, most people in the coastal village rely on the pipeline of the Kerala Water Authority for drinking water, sparing them from the effects of consuming polluted water from wells,” Mr. Manoharan added. He, along with the protest committee, has made several appeals to the authorities demanding the relocation of the depot, but to no effect. In 2023, the Kozhikode Corporation passed a resolution he presented, urging the State and Central governments to act on the same demand, but there was no follow-up from either. “We no longer trust HPCL with our safety. Now that the authorities understand our reasons for protesting, we expect favourable action. In the meantime, they should implement necessary safety measures and reassure us as they do so,” he said, adding that the depot lacked the required machinery to clear the leakage from the drains. He also pointed out that the State Pollution Control Board failed to play its role, as timely inspections and monitoring were not conducted at the depot. On the other hand, HPCL authorities dismissed the protest as “the right of every citizen to express their concerns.” “We have identified the cause of the leak and have fixed it. Every measure is being taken to ensure the safety of the people,” an official said. Published - December 08, 2024 12:35 am IST Copy link Email Facebook Twitter Telegram LinkedIn WhatsApp Reddit Kozhikode / Kerala / diesel fuel / industrial accident
Charles Schwab Investment Management Inc. grew its stake in shares of Pembina Pipeline Co. ( NYSE:PBA – Free Report ) (TSE:PPL) by 8.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,507,356 shares of the pipeline company’s stock after purchasing an additional 121,005 shares during the period. Charles Schwab Investment Management Inc. owned about 0.26% of Pembina Pipeline worth $62,201,000 as of its most recent filing with the SEC. Other large investors also recently modified their holdings of the company. Godsey & Gibb Inc. purchased a new stake in Pembina Pipeline in the 3rd quarter valued at $25,000. Prospera Private Wealth LLC bought a new stake in shares of Pembina Pipeline in the 3rd quarter worth $26,000. Blue Trust Inc. raised its holdings in shares of Pembina Pipeline by 223.8% in the third quarter. Blue Trust Inc. now owns 735 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 508 shares during the last quarter. CENTRAL TRUST Co lifted its position in shares of Pembina Pipeline by 65.0% during the third quarter. CENTRAL TRUST Co now owns 825 shares of the pipeline company’s stock valued at $34,000 after purchasing an additional 325 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Pembina Pipeline by 30.2% during the second quarter. EverSource Wealth Advisors LLC now owns 1,668 shares of the pipeline company’s stock worth $65,000 after purchasing an additional 387 shares during the last quarter. Institutional investors own 55.37% of the company’s stock. Pembina Pipeline Trading Up 0.6 % Shares of PBA stock opened at $41.44 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.65 and a debt-to-equity ratio of 0.79. The firm has a market cap of $24.06 billion, a P/E ratio of 17.12 and a beta of 1.25. The company has a 50 day moving average of $42.00 and a 200-day moving average of $39.47. Pembina Pipeline Co. has a 12-month low of $32.39 and a 12-month high of $43.44. Pembina Pipeline Increases Dividend Analyst Upgrades and Downgrades Several equities research analysts have commented on PBA shares. UBS Group began coverage on shares of Pembina Pipeline in a research note on Wednesday, September 11th. They issued a “neutral” rating for the company. Raymond James assumed coverage on Pembina Pipeline in a research report on Friday, October 11th. They set an “outperform” rating for the company. Finally, Citigroup boosted their price objective on Pembina Pipeline from $53.00 to $56.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 28th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $56.50. View Our Latest Analysis on PBA Pembina Pipeline Profile ( Free Report ) Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America. Read More Five stocks we like better than Pembina Pipeline Overbought Stocks Explained: Should You Trade Them? The Latest 13F Filings Are In: See Where Big Money Is Flowing How to Start Investing in Real Estate 3 Penny Stocks Ready to Break Out in 2025 Which Wall Street Analysts are the Most Accurate? FMC, Mosaic, Nutrien: Top Agricultural Stocks With Big Potential Want to see what other hedge funds are holding PBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pembina Pipeline Co. ( NYSE:PBA – Free Report ) (TSE:PPL). Receive News & Ratings for Pembina Pipeline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pembina Pipeline and related companies with MarketBeat.com's FREE daily email newsletter .Are Wall Street Analysts Predicting Seagate Technology Stock Will Climb or Sink?
NEW YORK, NY - SEPTEMBER 23, 2017: A vintage rotary dial telephone for sale at a flea market in the ... [+] Chelsea district of New York City. (Photo by Robert Alexander/Getty Images) If you’ve been watching the emergence of artificial intelligence onto the scene in our societies, you probably agree that it’s happened at a pretty fast clip. Let’s start with this chart of GPT progress, showing what happened in just two years. As presented here, the first model of its kind, GPT-1, was released in 2018 in June. GPT-2 followed in February 2019, and GPT-3 went beta in May of 2020. At the same time, we had the coronavirus pandemic, and all of the resources of the world turned toward how to handle this disease. Quietly, though, GPT kept being iterated, with 3.5 in November 2022, and GPT-4 in March of 2023. Most recently we have the GPT-4o model released this past May – and we have the o1 preview with its chain of thought and reasoning capability, currently in limited release. We also have that model code named Orion that’s said to drop next year. The 130 Best Black Friday Deals You Can Still Shop Now Refresh Your Wardrobe And Home With Quince’s Black Friday Deals Putting GPT Into Our Telephone System How are we using these technologies? Recently, I read an example from a user who had figured out how to turn on ChatGPT into a bot for cold calling other smartphone users. You could think of this as one of the first of many ‘sneak attacks’ of the AI age, a shot across the bow, from oneenterprising soul to a multi-cast audience of other people who may or may not be susceptible to his marketing. This guy was talking about how to automate real estate calls to get people to sell their houses to his company. And according his testimony, ChatGPT worked better than human callers. Specifically, the numbers that this individual put out were around 12-15 actionable leads per 100 calls, as opposed to 2-3 before implementing ChatGPT. What is This? (Not, Who is This?) Major factors in the AI include the novelty factor, which was a focus in this post that I read (you can read it here ). People like new things, the poster suggested, and they’re likely to stay on the line just to figure out what’s going on. By the time they get used to talking to an AI, they may already be in the sales funnel,or considering the overall offer more closely. On the other hand, most of us hang up immediately when we get a call from a person that we don’t want to talk to. Everyone’s LLM This is just the tip of the iceberg when it comes to how people are going to use AI when it’s distributed to every smartphone in America. Basically, the people who learn how to use it first will target the others in a big game of round robin selling. Money will change hands based on this proactive and creative approach,and then slowly, other people will start to catch up. What you’re likely to have is an era of annoying unwanted calls from everywhere, all at once. in other words, all of us are going to blow up everyone else’s cell phones with AI. Part of the response on Reddit to the new reality of LLMs had to do with how you handle this barrage of incoming calls. Many of us already don’t use our phones primarily as a telephone – it’s a small computer that helps us our lives. Slowly, we’re all going to learn that you don’t pick up the telephone when it rings – you let it go to voicemail, and have some kind of sorting technology to show you if there’s somebody you want to talk to or not. But text spamming is off the hook too, and I hardly ever talk to anyone who hasn’t had these annoying intrusions in their lives, sometimes dozens of them every day. The bottom line is we have to figure out a way to adapt quickly to a technology that has developed overnight, so to speak. That’s not even the whole picture: we have Anthropic’s Claude showing us how to use a computer, and other kinds of brand new models from places like China reinventing math and science testing (more on that later.) So in all of that discussion about training data, and logical ability, we have to think about the real practical ramifications for our societies. We’re going to have to learn to talk to each other in a new way, given this kind of automation.
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WIMBERLEY, Texas — A wounded warrior and his family received a life-changing gift in Wimberley on Tuesday. The Tunnel to Towers Foundation presented Army Cpl. Dustin Weber with a specially designed smart home. After losing his leg due to injuries in Afghanistan, Weber, his wife Monica and their eight daughters have been struggling in a home in Illinois that wasn't built for his needs. Now, that all changed. The mortgage-free smart home includes wide doorways, automated features and technology that can be controlled from a smartphone. It's one of many homes the foundation has built for injured veterans across the country. "The way the house is built and the way that everything works, I'll be able to do everything like normal, and that's life-changing. It really is life-changing," said Weber. The Tunnel to Towers Foundation was created after 9/11 and has been providing specially adapted homes to injured veterans and first responders ever since.
Quest Partners LLC lifted its position in shares of Gilead Sciences, Inc. ( NASDAQ:GILD – Free Report ) by 163.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,400 shares of the biopharmaceutical company’s stock after acquiring an additional 5,211 shares during the period. Quest Partners LLC’s holdings in Gilead Sciences were worth $704,000 as of its most recent filing with the Securities & Exchange Commission. Several other hedge funds and other institutional investors have also added to or reduced their stakes in GILD. Concord Asset Management LLC VA raised its stake in shares of Gilead Sciences by 3.8% in the third quarter. Concord Asset Management LLC VA now owns 3,056 shares of the biopharmaceutical company’s stock worth $256,000 after purchasing an additional 111 shares during the last quarter. TFB Advisors LLC raised its position in Gilead Sciences by 1.2% in the 3rd quarter. TFB Advisors LLC now owns 9,397 shares of the biopharmaceutical company’s stock worth $788,000 after buying an additional 116 shares during the last quarter. Sumitomo Life Insurance Co. lifted its stake in Gilead Sciences by 0.7% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 17,822 shares of the biopharmaceutical company’s stock valued at $1,494,000 after acquiring an additional 117 shares during the period. FDx Advisors Inc. boosted its holdings in shares of Gilead Sciences by 2.2% during the 3rd quarter. FDx Advisors Inc. now owns 5,365 shares of the biopharmaceutical company’s stock valued at $450,000 after acquiring an additional 117 shares during the last quarter. Finally, Sivia Capital Partners LLC grew its stake in shares of Gilead Sciences by 3.9% in the third quarter. Sivia Capital Partners LLC now owns 3,249 shares of the biopharmaceutical company’s stock worth $272,000 after acquiring an additional 123 shares during the period. 83.67% of the stock is owned by institutional investors. Gilead Sciences Price Performance GILD stock opened at $90.19 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.10 and a current ratio of 1.26. The company’s fifty day moving average price is $87.43 and its 200-day moving average price is $76.79. Gilead Sciences, Inc. has a one year low of $62.07 and a one year high of $98.90. The company has a market capitalization of $112.40 billion, a PE ratio of 1,002.11, a price-to-earnings-growth ratio of 2.72 and a beta of 0.17. Gilead Sciences Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend is Friday, December 13th. Gilead Sciences’s payout ratio is 3,422.22%. Analyst Ratings Changes Several brokerages recently issued reports on GILD. Barclays raised their target price on shares of Gilead Sciences from $84.00 to $95.00 and gave the stock an “equal weight” rating in a report on Thursday, November 7th. BMO Capital Markets lifted their price objective on Gilead Sciences from $94.00 to $102.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Wolfe Research initiated coverage on Gilead Sciences in a report on Friday, November 15th. They issued an “outperform” rating and a $110.00 target price on the stock. Royal Bank of Canada boosted their price target on Gilead Sciences from $81.00 to $84.00 and gave the company a “sector perform” rating in a research note on Monday, November 18th. Finally, Truist Financial increased their price objective on shares of Gilead Sciences from $83.00 to $97.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. Twelve investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $95.41. Check Out Our Latest Stock Analysis on GILD Insider Transactions at Gilead Sciences In other news, insider Merdad Parsey sold 2,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $83.83, for a total transaction of $167,660.00. Following the sale, the insider now directly owns 100,189 shares in the company, valued at approximately $8,398,843.87. This represents a 1.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, insider Johanna Mercier sold 29,357 shares of Gilead Sciences stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $83.78, for a total value of $2,459,529.46. Following the completion of the transaction, the insider now owns 78,127 shares of the company’s stock, valued at approximately $6,545,480.06. This represents a 27.31 % decrease in their position. The disclosure for this sale can be found here . Insiders have sold 56,947 shares of company stock valued at $4,968,674 in the last ninety days. Corporate insiders own 0.16% of the company’s stock. Gilead Sciences Profile ( Free Report ) Gilead Sciences, Inc, a biopharmaceutical company, discovers, develops, and commercializes medicines in the areas of unmet medical need in the United States, Europe, and internationally. The company provides Biktarvy, Genvoya, Descovy, Odefsey, Truvada, Complera/ Eviplera, Stribild, Sunlencs, and Atripla products for the treatment of HIV/AIDS; Veklury, an injection for intravenous use, for the treatment of COVID-19; and Epclusa, Harvoni, Vemlidy, and Viread for the treatment of viral hepatitis. Read More Want to see what other hedge funds are holding GILD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gilead Sciences, Inc. ( NASDAQ:GILD – Free Report ). Receive News & Ratings for Gilead Sciences Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gilead Sciences and related companies with MarketBeat.com's FREE daily email newsletter .
Retail sales rose at healthy pace last month in latest sign of US economy's health WASHINGTON (AP) — Consumers stepped up their spending at retail stores last month, providing a boost to the economy in the early phases of the winter holiday shopping season. Retail sales rose 0.7% in November, the Commerce Department said Tuesday, a solid increase and higher than October’s 0.5% gain. The boost in spending underscores that the economy is still growing at a healthy pace even with higher interest rates, a trend that could cause the Federal Reserve to lower borrowing costs more slowly next year than they have previously signaled. Tuesday’s report arrives just a day before the Fed is set to announce its latest rate decision Wednesday. Americans end 2024 with grim economic outlook, but Republicans are optimistic for 2025: AP-NORC poll WASHINGTON (AP) — A new poll finds that Democrats are feeling more pessimistic about the U.S. economy after Donald Trump's victory. Republicans, meanwhile, are still dour about the current state of the economy but hopeful that growth will be stronger next year when Trump returns to the White House as president. The latest survey from The Associated Press-NORC Center for Public Affairs Research suggests that some Americans are evaluating the economy more by who holds political power than on what the underlying trends suggest. This was a persistent challenge for President Joe Biden and raises the possibility that Trump might also struggle to translate his economic ideas into political wins. Biden calls for ban on congressional stock trading WASHINGTON (AP) — President Joe Biden has endorsed a ban on congressional stock trading in an interview that’s being released this week. It's the first time he's publicly backed the idea. He made the comments to Faiz Shakir, a political adviser for Sen. Bernie Sanders. Shakir interviewed the Democratic president for A More Perfect Union, a pro-labor advocacy and journalism organization. The Associated Press reviewed a video of the interview before its release. A bipartisan proposal to ban trading by members of Congress and their families has dozens of sponsors, but it has not received a vote. Federal Reserve is likely to slow its rate cuts with inflation pressures still elevated WASHINGTON (AP) — Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week’s Federal Reserve meeting. The Fed’s policymakers are likely to signal fewer interest rate cuts next year than were previously expected. The officials are set to reduce their benchmark rate, which affects many consumer and business loans, by a quarter-point to about 4.3% when their meeting ends Wednesday. The problem is that while inflation has dropped far below its peak of 9.1% in mid-2022, it remains stubbornly above the Fed’s 2% target. Why is tech giant SoftBank investing over $100 billion in the US? BANGKOK (AP) — Japanese tycoon Masayoshi Son has joined President-elect Donald Trump in announcing plans by technology and telecoms giant SoftBank Group to invest $100 billion in projects in the United States. Trump said the investments would create 100,000 jobs over four years, twice what Son promised when he pledged $50 billion in U.S. investments in 2016. Son is known for making bold choices, sometimes paying big and sometimes not. SoftBank has investments in dozens of Silicon Valley startups, big companies like semiconductor maker Arm and Chinese e-commerce giant Alibaba. The stock market rally and craze for AI has boosted the value of its assets, but some question if its investments will create that many jobs. Business owners should not forget anti-money laundering rule currently in legal limbo Small business owners should not forget about a rule that requires them to register with an agency called the Financial Crimes Enforcement Network, or FinCEN, by Jan. 1. The registration is part of the Corporate Transparency Act passed in 2021. Registering isn’t difficult, but if a small business owner is unaware of the requirement, they could be slapped with penalties of up to $10,000. For now, the rule is in legal limbo. On Dec. 3 a federal court in Texas issued a preliminary injunction prohibiting enforcement of the rule. Stellantis pledges invest $2.1 million in Italian production in 2025 during talks with government MILAN (AP) — The Stellantis automaker has pledged to invest 2 billion euros or $2.1 billion in Italian production next year and spend another 6 billion euros or $6.3 billion in the supply chain. The head of European operations for the world's fifth-largest carmaker made the pledge during a meeting with Italian ministers, regional officials and unions following the forced resignation of former CEO Carlos Tavares earlier this month. The Italian government was seeking reassurances of Stellantis' commitment to Italy. Billion-dollar donation from Netflix's Reed Hastings leads 2024's list of biggest gifts Netflix co-founder Reed Hastings and former New York City mayor Michael Bloomberg made the largest contributions in 2024, and financial aid, especially for medical students, got most of the money. The Chronicle’s annual list of the biggest charitable donations from individuals or their foundations totaled nearly $6 billion in 2024, with half of that coming from three contributions of $1 billion or more each. Two of those three gifts went to medical schools to provide financial aid. Altogether, four of the top donations on the list, totaling $2.3 billion, went to support financial aid. Stock market today: Wall Street trims its stellar gains as Nvidia's star dims again NEW YORK (AP) — U.S. stock indexes are trimming some of their stellar gains for the year. The S&P 500 fell 0.3% in Tuesday afternoon trading, though it’s still near its all-time high set earlier this month. The Dow Jones Industrial Average slipped 242 points, and the Nasdaq composite lost 0.2% from its record set the day before. Nvidia, the superstar stock that’s been a big reason for Wall Street’s run to records this year, fell toward its eighth loss in the last nine days. Treasury yields held relatively steady after sales at U.S. retailers strengthened by more than expected. Bitcoin set another record. Event promoters, hotels and lodging sites soon will have to disclose extra fees up front The Federal Trade Commission says it will soon require hotels, vacation rental platforms and live event promoters to disclose any fees up front when they list prices. The FTC said on Tuesday that consumers often see advertised prices for hotel rooms, short-term rentals, and tickets to sporting events and concerts only to be surprised later by so-called “junk fees,” including resort fees, cleaning fees, processing fees and other extra charges. The new rule requires businesses to clearly and conspicuously disclose the true cost – including all mandatory fees – when they display any pricing for lodging or events. The rule is scheduled to go into effect in 120 days.Couple charged in ring suspected of stealing $1 million in Lululemon clothes