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President-elect Donald Trump announced his selection of prominent investor Scott Bessent as the next U.S. Treasury Secretary, heralding a significant appointment in his new administration. Bessent, a well-respected figure in economic circles, comes with notable experience in international investments and is expected to play a pivotal role in shaping financial policy. His appointment follows a thorough review of potential candidates and a keen interest from Wall Street on who would take on this influential cabinet position. Bessent will face pressing challenges, including the management of federal debt and implementing Trump's economic agenda, which calls for expansive tax cuts and deregulation aimed at stimulating economic growth. (With inputs from agencies.)President-elect Donald Trump said he plans to sue the Des Moines Register newspaper for a pre-election poll published showing Kamala Harris beating Donald Trump by 3 points in Iowa. Donald Trump said he plans to sue an Iowa newspaper that printed an outlier election poll that showed Vice President and Democratic presidential candidate Kamala Harris ahead in the state by 3 points. Trump spoke public for the first time Monday since winning the presidency. He announced from Mar-a-Lago a $100 billion investment from SoftBank Group, a Japanese technology group, into U.S. projects over the next four years. He spoke briefly about the investment alongside Softbank’s CEO Masayoshi Son, and then took questions from reporters for nearly an hour. U.S. President-elect Donald Trump speaks at a news conference at Trumps Mar-a-Lago resort on December 16, 2024 in Palm Beach, Florida. (Photo by Andrew Harnik/Getty Images) When asked about ABC News’ recent settlement in the defamation lawsuit , he said he could see himself moving forward with defamation lawsuits to other people and platforms. Trump hinted at several other lawsuits he was considering, including ones against "60 Minutes", Pulitzer and the Iowa newspaper that printed J. Ann Selzer’s headline-grabbing poll in the days leading up to the election. Here is what to know about the poll: Veteran pollster J. Ann Selzer announced she was done with election polling and moving on to "other ventures" after her pre-election poll in Iowa inaccurately showed Vice President Kamala Harris ahead of President-elect Donald Trump in the state he had easily won in 2016 and 2020. A highly anticipated election poll from J. Ann Selzer, the "gold standard" pollster in Iowa, was printed in The Des Moines Register on Saturday, Nov. 2, 2024, showing Kamala Harris beating Donald Trump by 3 points in the Hawkeye State. The poll was an outlier, and Trump ultimately won the state by a 13-point margin, winning 56% of the vote to Harris’ 42.7%. READ MORE: Here it is: The final 2024 electoral map Last month, Selzer announced she was ending her election polling. "Polling is a science of estimation, and science has a way of periodically humbling the scientist," she wrote . On Monday, Trump said he felt the back-and-forth of the polling printed in the newspaper was "fraud" and "election interference." "She's a very good pollster. She knows what she was doing and she didn't quit before. And we'll probably be filing a major lawsuit against them today or tomorrow," Trump said. READ MORE: Veteran pollster Ann Selzer ending election polling after 'big miss' in Iowa survey ABC News has agreed to pay $15 million toward Donald Trump’s presidential library to settle a defamation lawsuit that stems from comments made by host George Stephanopoulos, saying that the former president was found liable for rape. Under New York's narrow definition of rape in legal settings, E. Jean Carroll could not prove Trump committed rape. He was instead found liable for sexual abuse and defamation. LiveNOW's Andrew Craft spoke about the settlement with New York based attorney Randy Zelin. Last week, ABC News agreed to give $15 million towards Donald Trump’s presidential library to settle a defamation lawsuit. The defamation lawsuit involved a "This Week" segment with anchor George Stephanopoulos that aired on March 10, 2024. In the segment, Stephanopoulos made an inaccurate on-air assertion that the president-elect had been found civilly liable for raping writer E. Jean Carroll. Stephanopoulos claimed during an interview with Rep. Nancy Mace, R-S.C. on that day that Trump had been "found liable for rape," which misstated the verdicts in Carroll's two lawsuits against Trump. Neither verdict involved a finding of rape as defined under New York law. Trump sued Stephanopoulos and the network for defamation soon after the segment aired. As part of the defamation settlement, ABC News agreed to pay $15 million toward Donald Trump’s presidential library that will be marked as a "charitable contribution." READ MORE: ABC, Trump settle defamation lawsuit When referencing the settlement and hinting at other possible lawsuits, Trump said he’s doing it because America needs "a fair media." "I feel I have to do this. I shouldn't really be the one to do it; it should have been Justice Department or somebody else. But, I have to do it," he said. "It costs a lot of money to do it, but we have to straighten out the press." The Source: Information in this article was taken from Donald Trump remarks given from Mar-a-Lago on Dec. 16, 2024, about his ABC News settlement. Information about the ABC defamation lawsuit and settlement was taken from a settlement document made public on Dec. 14 and obtained by The Associated Press.
Do You Think Malaysia Outpacing Thailand, Vietnam, Cambodia, Indonesia, Sri Lanka in Welcoming the Indian Tourists? Everything You Need To Know AboutHouse approves $895B defense bill with military pay raise, ban on transgender care for minorsTarbox Family Office Inc. raised its holdings in Amazon.com, Inc. ( NASDAQ:AMZN – Free Report ) by 11.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,027 shares of the e-commerce giant’s stock after buying an additional 1,031 shares during the period. Amazon.com makes up approximately 0.3% of Tarbox Family Office Inc.’s portfolio, making the stock its 29th largest position. Tarbox Family Office Inc.’s holdings in Amazon.com were worth $1,868,000 as of its most recent SEC filing. Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMZN. China Universal Asset Management Co. Ltd. lifted its position in shares of Amazon.com by 31.6% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock worth $32,894,000 after purchasing an additional 43,759 shares during the last quarter. Quent Capital LLC lifted its position in shares of Amazon.com by 3.3% during the 1st quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock worth $6,084,000 after purchasing an additional 1,081 shares during the last quarter. Tradewinds LLC. purchased a new stake in shares of Amazon.com during the 1st quarter worth $8,259,000. Private Management Group Inc. lifted its position in shares of Amazon.com by 8.0% during the 1st quarter. Private Management Group Inc. now owns 3,053 shares of the e-commerce giant’s stock worth $551,000 after purchasing an additional 225 shares during the last quarter. Finally, Fortis Capital Advisors LLC lifted its position in shares of Amazon.com by 30.2% during the 1st quarter. Fortis Capital Advisors LLC now owns 39,247 shares of the e-commerce giant’s stock worth $7,079,000 after purchasing an additional 9,104 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock. Analysts Set New Price Targets Several equities research analysts recently commented on AMZN shares. JPMorgan Chase & Co. lifted their price target on shares of Amazon.com from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Evercore ISI lifted their price target on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Wedbush lifted their price target on shares of Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Itau BBA Securities lowered shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price target on the stock. in a research note on Friday, August 2nd. Finally, DA Davidson reiterated a “buy” rating and set a $235.00 price target on shares of Amazon.com in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $236.20. Amazon.com Stock Performance Shares of AMZN stock opened at $207.89 on Friday. Amazon.com, Inc. has a one year low of $142.81 and a one year high of $215.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The company has a 50 day moving average price of $194.78 and a 200 day moving average price of $186.94. The firm has a market capitalization of $2.19 trillion, a price-to-earnings ratio of 44.52, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. Amazon.com ( NASDAQ:AMZN – Get Free Report ) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same quarter in the prior year, the business posted $0.85 earnings per share. Amazon.com’s revenue for the quarter was up 11.0% compared to the same quarter last year. Sell-side analysts anticipate that Amazon.com, Inc. will post 5.29 EPS for the current year. Insider Transactions at Amazon.com In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction on Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the sale, the insider now owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website . Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their position. The disclosure for this sale can be found here . Insiders sold 6,026,683 shares of company stock valued at $1,252,148,795 over the last 90 days. Corporate insiders own 10.80% of the company’s stock. About Amazon.com ( Free Report ) Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content. Featured Stories Five stocks we like better than Amazon.com What Does a Gap Up Mean in Stocks? How to Play the Gap The Latest 13F Filings Are In: See Where Big Money Is Flowing What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story 3 Penny Stocks Ready to Break Out in 2025 Investing in Commodities: What Are They? How to Invest in Them FMC, Mosaic, Nutrien: Top Agricultural Stocks With Big Potential Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter .DALLAS--(BUSINESS WIRE)--Dec 16, 2024-- Mr. Cooper Group Inc. (NASDAQ: COOP) announced today the appointment of Andrew Bon Salle to its board of directors, effective January 1, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241216488517/en/ (Photo: Business Wire) Bon Salle brings more than 30 years of experience in capital markets, risk management, securitization and mortgage policy leadership within the home lending sector. Most recently, he served as Chairman of the Board of Directors of Home Point Capital Inc. Prior to that, he was Executive Vice President of the Single-Family Mortgage business at Fannie Mae where he oversaw capital market functions, managed customer engagement for more than 2,000 clients and partners, directed the performance of a $3.5 trillion credit portfolio and led the digital products group. “Andrew’s exceptional track record in driving business strategy and transformation, combined with his extensive leadership experience in the mortgage industry, makes him an invaluable addition to our board,” said Jay Bray, Chairman and CEO of Mr. Cooper Group. “We are pleased to welcome him as we advance our strategic vision and continue to build an industry-leading homeownership experience for our customers.” “I am thrilled to join the Mr. Cooper Group board and contribute to the ongoing evolution of the homeownership journey while supporting and mentoring the next generation of industry leaders,” said Bon Salle. “Mr. Cooper has been a transformative force in the mortgage industry, and I’m honored to help advance its mission of making the dream of homeownership a reality for all Americans.” About Mr. Cooper Group Mr. Cooper Group Inc. (NASDAQ: COOP) provides customer-centric servicing, origination and transaction-based services related principally to single-family residences throughout the United States with operations under its primary brands: Mr. Cooper®, Xome® and Rushmore Servicing®. Mr. Cooper is the largest home loan servicer in the country focused on delivering a variety of servicing and lending products, services and technologies. For more information, visit www.mrcoopergroup.com . View source version on businesswire.com : https://www.businesswire.com/news/home/20241216488517/en/ CONTACT: Media Inquiries: MediaRelations@mrcooper.comInvestor Inquiries: Shareholders@mrcooper.com KEYWORD: TEXAS UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: PROFESSIONAL SERVICES RESIDENTIAL BUILDING & REAL ESTATE FINANCE CONSTRUCTION & PROPERTY FINTECH BANKING SOURCE: Mr. Cooper Group Inc. Copyright Business Wire 2024. PUB: 12/16/2024 04:30 PM/DISC: 12/16/2024 04:30 PM http://www.businesswire.com/news/home/20241216488517/en