Empowered Funds LLC increased its holdings in Rocky Brands, Inc. ( NASDAQ:RCKY – Free Report ) by 5.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,994 shares of the textile maker’s stock after purchasing an additional 1,474 shares during the quarter. Empowered Funds LLC’s holdings in Rocky Brands were worth $987,000 at the end of the most recent reporting period. Several other institutional investors also recently modified their holdings of RCKY. Victory Capital Management Inc. boosted its position in Rocky Brands by 29.5% during the second quarter. Victory Capital Management Inc. now owns 2,710 shares of the textile maker’s stock valued at $100,000 after acquiring an additional 618 shares during the last quarter. Yarger Wealth Strategies LLC boosted its position in Rocky Brands by 7.7% during the second quarter. Yarger Wealth Strategies LLC now owns 9,737 shares of the textile maker’s stock valued at $360,000 after acquiring an additional 692 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Rocky Brands by 59.5% during the first quarter. BNP Paribas Financial Markets now owns 3,570 shares of the textile maker’s stock valued at $97,000 after acquiring an additional 1,332 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Rocky Brands by 4.3% during the second quarter. Bank of New York Mellon Corp now owns 71,353 shares of the textile maker’s stock valued at $2,637,000 after acquiring an additional 2,962 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in Rocky Brands during the second quarter valued at $149,000. Institutional investors own 75.06% of the company’s stock. Rocky Brands Price Performance Shares of NASDAQ RCKY opened at $21.82 on Friday. The firm’s 50-day moving average price is $27.04 and its 200-day moving average price is $31.53. Rocky Brands, Inc. has a 1-year low of $19.65 and a 1-year high of $40.14. The firm has a market capitalization of $162.65 million, a P/E ratio of 12.26 and a beta of 2.13. The company has a current ratio of 2.79, a quick ratio of 0.93 and a debt-to-equity ratio of 0.62. Rocky Brands Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd will be issued a $0.155 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.62 dividend on an annualized basis and a dividend yield of 2.84%. Rocky Brands’s dividend payout ratio is presently 34.83%. Analyst Upgrades and Downgrades A number of analysts have commented on the stock. StockNews.com cut shares of Rocky Brands from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Robert W. Baird dropped their price objective on shares of Rocky Brands from $32.00 to $25.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Check Out Our Latest Stock Report on RCKY Rocky Brands Company Profile ( Free Report ) Rocky Brands, Inc designs, manufactures, and markets footwear and apparel in the United States, Canada, and internationally. It operates through Wholesale, Retail, and Contract Manufacturing segments. The Wholesale segment offers products, which includes sporting goods stores, outdoor retailers, independent shoe retailers, hardware stores, catalogs, mass merchants, uniform stores, farm store chains, specialty safety stores, specialty retailers, and online retailers in retail locations through a range of distribution channels. See Also Want to see what other hedge funds are holding RCKY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rocky Brands, Inc. ( NASDAQ:RCKY – Free Report ). Receive News & Ratings for Rocky Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rocky Brands and related companies with MarketBeat.com's FREE daily email newsletter .Commanders place kicker Austin Seibert on injured reserve
( ) shares have enjoyed a year of strong outperformance. Shares the (ASX: XJO) retailer – whose subsidiaries include household names like Bunnings Warehouse, Kmart Australia, Officeworks and Priceline – closed yesterday trading for $73.26. That sees the stock up just under 39% over 12 months. That's more than twice the 18% returns delivered by the ASX 200 over this same period. And this strong performance doesn't include the two fully franked Wesfarmers shares delivered over the full year, which totalled $1.98 a share. If we add those back in, then we'll see the stock's accumulated value has rocketed just under 43% since this time last year. But with earnings growing slower than the company's share price, the has climbed to around 32 times. And with current cost of living pressures showing few signs of rapidly abating, this raises a for PAC Partners' James Nicolaou (courtesy of The Bull). "This diversified industrial conglomerate generated revenue of $44.189 billion in fiscal year 2024, up 1.5% on the prior corresponding period," said Nicolaou, who has a sell recommendation on Wesfarmers shares. Explaining his bearishness, Nicolaou added: Moving forward we believe the company faces challenges in an economy of high interest rates, inflationary pressures and soaring cost of living expenses. Consequently, we believe the company is exposed to significant downside risk. As for the valuation following the big share price gains of the past year, he said, "The company's price/earnings ratio and earnings per share valuation were recently above the historical average." Indeed, the ASX 200 retail stock gained 8% in just 17 trading days last month. "Wesfarmers shares have risen from $66.64 on November 5 to trade at $72 on November 28," Nicolaou said. "It may be prudent to consider taking some profits." Wesfarmers shares were in the spotlight when the company reported its full fiscal year 2024 on 29 August. Atop the revenue bump Nicolaou mentioned, earnings before interest and tax (EBIT) were up 3.3% from FY 2023 to $3.9 billion. And net profit increased by 3.7% to $2.56 billion. Income investors were treated to a sweetened dividend of $1.07 a share, fully franked. Eligible shareholders will have received that payout on 9 October. With a nod to the challenging conditions facing the retail conglomerate, Wesfarmers managing director Rob Scott said at the time: We expected a challenging year and there were numerous headwinds to navigate with cost of living pressures, rising costs of doing business, subdued activity in residential construction and significant volatility in key commodities. Wesfarmers shares dropped 4.1% on the day the company reported.NoneWASHINGTON (AP) — has named billionaire investment banker Warren Stephens as his envoy to Britain, a prestigious posting for the Republican donor whose contributions this year included $2 million to a Trump-backing super PAC. Trump, in a post on his Truth Social site Monday evening, announced he was selecting Stephens to be the U.S. ambassador to the Court of Saint James. The Senate is required to confirm the choice. “Warren has always dreamed of serving the United States full time. I am thrilled that he will now have that opportunity as the top Diplomat, representing the U.S.A. to one of America’s most cherished and beloved Allies,” Trump said in in his post. Stephens is the chairman, president and CEO of Little Rock, Arkansas-based financial services firm Stephens Inc., having taken over the firm from his father. Trump has already named many of his and high-profile diplomatic posts, assembling a roster of staunch loyalists. Over the weekend, Trump announced he intends to nominate , father of Trump’s son-in-law Jared Kushner, to serve as ambassador to France. During his first term, Trump selected Robert “Woody” Johnson, a contributor to his campaign and the owner of the New York Jets football team, as his representative to the United Kingdom.
Lagos State Government remains committed to intensifying collaborative efforts with captains of industries, the private sector and artisans, as a way to create employment opportunities for graduates from its five Technical Colleges. Governor Babajide Sanwo-Olu stated this on Monday at The-Blue Roof, Agidingbi, Ikeja, the venue of the graduation ceremony of over 2000 students of its Technical Colleges, which was coordinated by the Lagos State Technical and Vocational Education Board (LASTVEB). He also stressed that by investing in the skills and capabilities of youths, the state is building the foundation for a prosperous, inclusive, and self-reliant society. According to a statement by the Governor’s Special Adviser on Media and Publicity, Mr Gboyega Akosile, the event is in line with the administration’s commitment to education and technology. In his speech during the event, the Governor urged the graduates to look beyond present challenges and strive for excellence using the skills garnered to compete favourably with their global counterparts in various vocational skills. He said, “Today, we celebrate not just the academic and technical achievements of over 2,000 graduates but also the remarkable potential they represent for the future of Lagos State and Nigeria. “The significance of technical and vocational education cannot be overstated. Institutions like LASTVEB equip young people with practical, industry-relevant skills that meet the demands of an evolving economy. Across trades such as engineering, construction, ICT, business, and the creative arts, our graduates have acquired the tools not just to participate in the workforce but to transform it through innovation and dedication. “This achievement aligns perfectly with our administration’s commitment to the Education and Technology pillar of the T.H.E.M.E.S+ agenda. By investing in the skills and capabilities of our youth, we are building the foundation for a prosperous, inclusive, and self-reliant society. “Beyond these individual accomplishments, technical and vocational education drives community development, reduces unemployment, and ensures our graduates are competitive globally. “For instance, technical education has been shown to increase graduation rates, improve employability, and foster entrepreneurship. Many of our graduates today will step into the world as job creators, while others will fill critical roles in high-demand industries, bolstering Lagos State’s economic standing both nationally and internationally. “This event also underscores the importance of collaboration between government, industries, and educational institutions. Through our partnerships, we have been able to ensure that the curriculum remains aligned with current industry standards and that our students receive hands-on, experiential learning.” Governor Sanwo-Olu, while congratulating the graduating students, urged them to use their skills for societal transformation. He said, “As you step into the next phase of your lives, remember that your skills are powerful tools—not only for personal success but for societal transformation. “I congratulate all our graduates and thank the management and staff of LASTVEB, parents, and stakeholders for their tireless contributions to this achievement. Together, we are shaping a future where technical education is celebrated and valued as a cornerstone of sustainable development.” Speaking earlier, Lagos State Commissioner for Basic and Secondary Education, Mr Tolani Alli-Balogun, urged the graduating students to think deeply, aim higher and strive for excellence in their career path and help in stimulating the economic growth of the country, noting that no nation develops without an adequate and robust technical education for the advancement of skills, knowledge development. “I know that turning your dreams into reality is not always easy. It requires hard work, dedication, and perseverance. It demands that you be focused, disciplined, and committed to your goals. It necessitates that you be willing to take risks, to face your fears and overcome them, and to push beyond your comfort zones. “Our ever-dedicated, amiable Governor, Mr. Babajide Olusola Sanwo-Olu, has created leverage through the Ministry of Women Affairs and Poverty Alleviation and Ministry of Wealth Creation to further empower you to greater heights in your career path. So that you can fit into the labour market, be self-employed, and eventually become employers of labour,” the commissioner said. Also speaking, the Executive Secretary of Lagos State Technical and Vocational Education Board (LASTVEB), Ms. Moronke Azeez, noted that Sanwo-olu’s administration is tackling unemployment challenges through different initiatives, producing skilled technicians for technical development to create more employment for youths and make them self-reliant. Speaking on behalf of the graduates, Miss Daniella Okpako, thanked Lagos State Government for its unwavering commitment to advancing technical education in the State and advocated scholarship for deserving students to further their education and build on the skills acquired. During the event, David Uchendu, who majored in Mechanical Engineering Craft Practice from Government Technical College, Ikotun, emerged as Best Overall, while Daniel Salami from Government Technical College, Agidingbi, who studied Instrument Mechanic Works emerged as Best in Innovation. Ifeoma Abalogun, from Government Technical College, Epe, who majored in Painting and Decoration, and Daniel Okpako, who studied Blocklaying, Bricklaying and Concreting from Government Technical College, Ikotun, were also honoured as Best Female in Construction. Benedict Wisdom (Electrical Installation and Maintenance Works), Oluwapelumi Adedeji (Garment Making), Babatunde Boyejo (Electrical Installation and Maintenance Works), Moyosore Odofin (Instrument Mechanic Works), and Grace Arebisola (Garment Making) were also recognised as Best Students from the five Government Technical Colleges in Ado-Soba, Agidingbi, Epe, Ikorodu and Ikotun respectively.
Israel has agreed to a ceasefire with Hezbollah in Lebanon that will take effect at 4 a.m. Wednesday. Moments after U.S. President Joe Biden announced the ceasefire deal , which Israel's Cabinet approved late Tuesday, an Israeli airstrike slammed into the Lebanese capital. Residents of Beirut and its southern suburbs have endured the most intense day of Israeli strikes since the war began nearly 14 months ago, as Israel signaled it aims to keep pummeling Hezbollah before the ceasefire is set to take hold. At least 24 people have killed by Israeli strikes across Lebanon on Tuesday, according to local authorities. Hezbollah also fired rockets into Israel on Tuesday, triggering air raid sirens across the country’s north. An Israel-Hezbollah ceasefire would mark the first major step toward ending the regionwide unrest triggered by Hamas’ attack on Israel on Oct. 7, 2023. But it does not address the devastating war in Gaza. Hezbollah began attacking Israel a day after Hamas’ attack. The fighting in Lebanon escalated into all-out war in September with massive Israeli airstrikes across the country and an Israeli ground invasion of the south. In Gaza, more than 44,000 people have been killed and more than 104,000 wounded in the nearly 14-month war between Israel and Hamas, according to Gaza’s Health Ministry. Here's the Latest: WASHINGTON — President-elect Donald Trump’s senior national security team was briefed by the Biden administration as negotiations unfolded, according to the senior U.S. official. The official, who spoke to reporters on the condition of anonymity in a White House-organized call, added that the incoming Trump administration officials were not directly involved in the talks, but that it was important that the incoming administration knew “what we were negotiating and what the commitments were.” The official said “all fire will stop from all parties” at 4 a.m. local time. The next step would be what the official described as a “phased withdrawal” by the Israeli military. As the Israelis pull back, Lebanese national forces will occupy the territories. The process is slated to finish within 60 days. Lebanese forces is supposed to patrol the area and remove Hezbollah weaponry and infrastructure there. “Hezbollah is incredibly weak at this moment, both militarily and politically,” the official said. “And this is the opportunity for Lebanon to re-establish its sovereignty over its territory.” The official said the ceasefire agreement will strengthen what’s known as the “tripartite mechanism” by including the United States and France. The goal is to address violations of the ceasefire without a return to hostilities. UNITED NATIONS – The top U.N. envoy for Lebanon welcomed the ceasefire announcement and urged Israel and Hezbollah militants to take concrete actions to fully implement the 2006 agreement that ended their last war. U.N. Special Coordinator Jeanine Hennis-Plasschaert said the agreement “marks the starting point of a critical process” that must see both sides fully implement U.N. Security Council resolution 1701. It called for the deployment of Lebanese armed forces in the south bordering Israel and the disarmament of all armed groups including Hezbollah – neither of which has happened in the past 17 years. “Nothing less than the full and unwavering commitment of both parties is required,” Hennis-Plasschaert said. “Neither side can afford another period of disingenuous implementation under the guise of ostensible calm.” She commended the parties for “seizing the opportunity to close this devastating chapter,” stressing that “Now is the time to deliver, through concrete actions, to consolidate today’s achievement.” UNITED NATIONS — Palestinian President Mahmoud Abbas is calling for urgent international intervention to stop what he described as “an ongoing genocidal war” in Gaza. Abbas heads the Palestinian Authority which has limited self-rule in the Israeli-occupied West Bank, but not Gaza, which has been controlled by Hamas. The U.S. and others want a reinvigorated Palestinian Authority to run Gaza when the war ends. In a speech on the International Day of Solidarity with the Palestinian People, Abbas accused Israel of repeating what happened to the Palestinians in 1948 and 1967 – displacing them and seizing their land and resources. Abbas demanded to know how long the world will remain silent and refuse to compel Israel to abide by international law. The speech to U.N. member nations was read by Palestinian U.N. ambassador Riyad Mansour. “The only way to halt the halt the dangerous escalation we are witnessing in the region, and maintain regional and international stability, security and peace, is to resolve the question of Palestine,” Abbas' speech said. This must be done in accordance with U.N. Security Council resolutions which call for a two-state solution, he said. BEIRUT -- Lebanon’s Prime Minister Najib Mikati welcomed the U.S.-brokered ceasefire proposal between Israel and Hezbollah, describing it as a crucial step toward stability, the return of displaced people to their homes and regional calm. Mikati made these comments in a statement issued just after U.S. President Joe announced the truce deal. Mikati said he discussed the ceasefire agreement with Biden by phone earlier Tuesday. The prime minister reaffirmed Lebanon’s commitment to implementing U.N. resolution 1701, strengthening the Lebanese army’s presence in the south, and cooperating with the U.N. peacekeeping force. He also called on Israel to fully comply with the ceasefire and withdraw from southern Lebanon in accordance the U.N. resolution. JERUSALEM — Prime Minister Benjamin Netanyahu’s security Cabinet has approved a ceasefire deal with Hezbollah, clearing the way for the truce to take effect. Netanyahu’s office said the plan was approved by a 10-1 margin. The late-night vote came shortly before President Joe Biden was expected to announced details of the deal in Washington. Earlier, Netanyahu defended the ceasefire, saying Israel has inflicted heavy damage on Hezbollah and could now focus its efforts on Hamas militants in Gaza and his top security concern, Iran. Netanyahu vowed to strike Hezbollah hard if it violates the expected deal. WASHINGTON — Rep. Mike Waltz, President-elect Donald Trump’s designate to be national security adviser, credited Trump’s victory with helping bring the parties together toward a ceasefire in Lebanon. “Everyone is coming to the table because of President Trump,” he said in a post on X on Tuesday. “His resounding victory sent a clear message to the rest of the world that chaos won’t be tolerated. I’m glad to see concrete steps towards deescalation in the Middle East.” He added: “But let’s be clear: The Iran Regime is the root cause of the chaos & terror that has been unleashed across the region. We will not tolerate the status quo of their support for terrorism.” BEIRUT — Israeli jets targeted a building in a bustling commercial area of Beirut for the first time since the start of the 13-month war between Hezbollah and Israel. The strike on Hamra is around 400 meters (yards) from the country’s central bank. A separate strike hit the Mar Elias neighborhood in the country’s capital Tuesday. There was no immediate word on casualties from either strike, part of the biggest wave of attacks on the capital since the war started. Residents in central Beirut were seen fleeing after the Israeli army issued evacuation warnings for four targets in the city. Meanwhile, the Israeli army carried out airstrikes on at least 30 targets in Beirut’s southern suburbs Tuesday, including two strikes in the Jnah neighborhood near the Kuwaiti Embassy. Lebanon’s Health Ministry reported that 13 people were injured in the strikes on the southern suburbs. BEIRUT — Hezbollah has said it accepts the ceasefire proposal with Israel, but a senior official with the group said Tuesday that it had not seen the agreement in its final form. “After reviewing the agreement signed by the enemy government, we will see if there is a match between what we stated and what was agreed upon by the Lebanese officials,” Mahmoud Qamati, deputy chair of Hezbollah’s political council, told the Al Jazeera news network. “We want an end to the aggression, of course, but not at the expense of the sovereignty of the state.” of Lebanon, he said. “Any violation of sovereignty is refused.” Among the issues that may remain is an Israeli demand to reserve the right to act should Hezbollah violate its obligations under the emerging deal. The deal seeks to push Hezbollah and Israeli troops out of southern Lebanon. JERUSALEM — Israeli Prime Minister Benjamin Netanyahu said Tuesday that he would recommend his Cabinet adopt a United States-brokered ceasefire agreement with Lebanon’s Hezbollah, as Israeli warplanes struck across Lebanon, killing at least 23 people. The Israeli military also issued a flurry of evacuation warnings — a sign it was aiming to inflict punishment on Hezbollah down to the final moments before any ceasefire takes hold. For the first time in the conflict, Israeli ground troops reached parts of Lebanon’s Litani River, a focal point of the emerging deal. In a televised statement, Netanyahu said he would present the ceasefire to Cabinet ministers later on Tuesday, setting the stage for an end to nearly 14 months of fighting. Netanyahu said the vote was expected later Tuesday. It was not immediately clear when the ceasefire would go into effect, and the exact terms of the deal were not released. The deal does not affect Israel’s war against Hamas in Gaza, which shows no signs of ending. BEIRUT — Lebanon’s state media said Israeli strikes on Tuesday killed at least 10 people in Baalbek province the country’s east. At least three people were killed in the southern city of Tyre when Israel bombed a Palestinian refugee camp, said Mohammed Bikai, a representative of the Fatah group in the area. He said several more people were missing and at least three children were among the wounded. He said the sites struck inside the camp were “completely civilian places” and included a kitchen that was being used to cook food for displaced people. JERUSALEM — Dozens of Israeli protesters took to a major highway in Tel Aviv on Tuesday evening to call for the return of the hostages held by Hamas in Gaza, as the country awaited news of a potential ceasefire in Lebanon between Israel and Hezbollah. Protesters chanted “We are all hostages,” and “Deal now!” waving signs with faces of some of the roughly 100 hostages believed to be still held in Gaza, at least a third of whom are thought to be dead. Most of the other hostages Hamas captured in the Oct. 7, 2023 attack were released during a ceasefire last year. The prospect of a ceasefire deal in Lebanon has raised desperation among the relatives of captives still held in Gaza, who once hoped that the release of hostages from Gaza would be included. Instead of a comprehensive deal, the ceasefire on the table is instead narrowly confined to Lebanon. Dozens of Israelis were also demonstrating against the expected cease-fire, gathering outside Israel’s military headquarters in central Tel Aviv. One of the protesters, Yair Ansbacher, says the deal is merely a return to the failed 2006 U.N. resolution that was meant to uproot Hezbollah from the area. “Of course that didn’t happen,” he says. “This agreement is not worth the paper it is written on.” FIUGGI, Italy — Foreign ministers from the world’s industrialized countries said Tuesday they strongly supported an immediate ceasefire between Israel and Hezbollah and insisted that Israel comply with international law in its ongoing military operations in the region. At the end of their two-day summit, the ministers didn’t refer directly to the International Criminal Court and its recent arrest warrants for Israeli Prime Minister Benjamin Netanyahu and his former defense minister over crimes against humanity . Italy had put the ICC warrants on the official meeting agenda, even though the G7 was split on the issue. The U.S., Israel’s closest ally, isn’t a signatory to the court and has called the warrants “outrageous.” However, the EU’s chief diplomat Josep Borrell said all the other G7 countries were signatories and therefore obliged to respect the warrants. In the end, the final statement adopted by the ministers said Israel, in exercising its right to defend itself, “must fully comply with its obligations under international law in all circumstances, including international humanitarian law.” And it said all G7 members — Canada, France, Germany, Italy, Japan, the United Kingdom and the United States – “reiterate our commitment to international humanitarian law and will comply with our respective obligations.” It stressed that “there can be no equivalence between the terrorist group Hamas and the State of Israel.” The ICC warrants say there's reason to believe Netanyahu used “starvation as a method of warfare” by restricting humanitarian aid and intentionally targeted civilians in Israel’s campaign against Hamas in Gaza — charges Israeli officials deny. BEIRUT — An Israeli strike on Tuesday levelled a residential building in the central Beirut district of Basta — the second time in recent days warplanes have hit the crowded area near the city’s downtown. At least seven people were killed and 37 wounded in Beirut, according to Lebanon’s Health Ministry. It was not immediately clear if anyone in particular was targeted, though Israel says its airstrikes target Hezbollah officials and assets. The Israeli military spokesman issued a flurry of evacuation warnings for many areas, including areas in Beirut that have not been targeted throughout the war, like the capital’s commercial Hamra district, where many people displaced by the war have been staying. The warnings, coupled with fear that Israel was ratcheting up attacks in Lebanon during the final hours before a ceasefire is reached, sparked panic and sent residents fleeing in their cars to safer areas. In areas close to Hamra, families including women and children were seen running away toward the Mediterranean Sea’s beaches carrying their belongings. Traffic was completely gridlocked as people tried to get away, honking their car horns as Israeli drones buzzed loudly overhead. The Israeli military also issued warnings for 20 more buildings in Beirut’s suburbs to evacuate before they too were struck — a sign it was aiming to inflict punishment on Hezbollah in the final moments before any ceasefire takes hold. TEL AVIV, Israel — The independent civilian commission of inquiry into the October 2023 Hamas attack on Israel has found Prime Minister Benjamin Netanyahu directly responsible for the failures leading up to the attack, alongside former defense ministers, the army chief and the heads of the security services. The civil commission presented its findings today after a four-month probe in which it heard some 120 witnesses. It was set up by relatives of victims of the Hamas attack, in response to the absence of any state probe. The commission determined that the Israeli government, its army and security services “failed in their primary mission of protecting the citizens of Israel.” It said Netanyahu was responsible for ignoring “repeated warnings” ahead of Oct. 7, 2023 for what it described as his appeasing approach over the years toward Hamas, and for “undermining all decision-making centers, including the cabinet and the National Security Council, in a way that prevented any serious discussion” on security issues. The commission further determined that the military and defense leaders bear blame for ignoring warnings from within the army, and for reducing the army’s presence along the Gaza border while relying excessively on technological means. On the day of the Hamas attack, the report says, the army’s response was both slow and lacking. The civil commission called for the immediate establishment of a state commission of inquiry into the Oct. 7 attack. Netanyahu has opposed launching a state commission of inquiry, arguing that such an investigation should begin only once the war is over. JERUSALEM -- The Israeli military says its ground troops have reached parts of Lebanon’s Litani River — a focal point of the emerging ceasefire. In a statement Tuesday, the army said it had reached the Wadi Slouqi area in southern Lebanon and clashed with Hezbollah forces. Under a proposed ceasefire, Hezbollah would be required to move its forces north of the Litani, which in some places is some 30 kilometers (20 miles) north of the Israeli border. The military says the clashes with Hezbollah took place on the eastern end of the Litani, just a few kilometers (miles) from the border. It is one of the deepest places Israeli forces have reached in a nearly two-month ground operation. The military says soldiers destroyed rocket launchers and missiles and engaged in “close-quarters combat” with Hezbollah forces. The announcement came hours before Israel’s security Cabinet is expected to approve a ceasefire that would end nearly 14 months of fighting. BEIRUT — Israeli jets Tuesday struck at least six buildings in Beirut’s southern suburbs Tuesday, including one that slammed near the country’s only airport. Large plumes of smoke could be seen around the airport near the Mediterranean coast, which has continued to function despite its location beside the densely populated suburbs where many of Hezbollah’s operations are based. The strikes come hours before Israel’s cabinet was scheduled to meet to discuss a proposal to end the fighting between Israel and Hezbollah. The proposal calls for an initial two-month ceasefire during which Israeli forces would withdraw from Lebanon and Hezbollah would end its armed presence along the southern border south of the Litani River. There were no immediate reports of casualties from Tuesday’s airstrikes. FIUGGI, Italy — EU top diplomat Josep Borrell, whose term ends Dec. 1, said he proposed to the G7 and Arab ministers who joined in talks on Monday that the U.N. Security Council take up a resolution specifically demanding humanitarian assistance reach Palestinians in Gaza, saying deliveries have been completely impeded. “The two-state solution will come later. Everything will come later. But we are talking about weeks or days,” for desperate Palestinians, he said. “Hunger has been used as an arm against people who are completely abandoned.” It was a reference to the main accusation levelled by the International Criminal Court in its arrest warrants against Israeli Prime Minister Benjamin Netanyahu and his former defense minister. Borrell said the signatories to the court, including six of the seven G7 members, are obliged under international law to respect and implement the court’s decisions. Host Italy put the ICC warrants on the G7 agenda at the last minute, but there was no consensus on the wording of how the G7 would respond given the U.S., Israel’s closest ally, has called the warrants “outrageous.” Italy, too, has said it respects the court but expressed concern that the warrants were politically motivated and ill-advised given Netanyahu is necessary for any deal to end the conflicts in Gaza and Lebanon. “Like it or not, the International Criminal Court is a court as powerful as any national court,” Borrell said. “And if the Europeans don’t support International Criminal Court then there would not be any hope for justice,” he said. Borrell, whose term ends Dec. 1, said he proposed to the G7 and Arab ministers who joined in talks on Monday that the U.N. Security Council take up a resolution specifically demanding humanitarian assistance reach Palestinians in Gaza, saying deliveries have been completely impeded. “The two-state solution will come later. Everything will come later. But we are talking about weeks or days,” for desperate Palestinians, he said. “Hunger has been used as an arm against people who are completely abandoned.” It was a reference to the main accusation levelled by the International Criminal Court in its arrest warrants against Israeli Prime Minister Benjamin Netanyahu and his former defense minister. Borrell said the signatories to the court, including six of the seven G7 members, are obliged under international law to respect and implement the court’s decisions. Host Italy put the ICC warrants on the G7 agenda at the last minute, but there was no consensus on the wording of how the G7 would respond given the U.S., Israel’s closest ally, has called the warrants “outrageous.” Italy, too, has said it respects the court but expressed concern that the warrants were politically motivated and ill-advised given Netanyahu is necessary for any deal to end the conflicts in Gaza and Lebanon. “Like it or not, the International Criminal Court is a court as powerful as any national court,” Borrell said. “And if the Europeans don’t support International Criminal Court then there would not be any hope for justice,” he said. (edited)
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NEW YORK (AP) — U.S. stocks rose to records Tuesday after Donald Trump’s latest talk about tariffs created only some ripples on Wall Street, even if they could roil the global economy were they to take effect. The S&P 500 climbed 0.6% to top the all-time high it set a couple weeks ago. The Dow Jones Industrial Average added 123 points, or 0.3%, to its own record set the day before, while the Nasdaq composite gained 0.6% as Microsoft and Big Tech led the way. Stock markets abroad mostly fell after President-elect Trump said he plans to impose sweeping new tariffs on Mexico, Canada and China once he takes office. But the movements were mostly modest. Stock indexes were down 0.1% in Shanghai and nearly flat in Hong Kong, while Canada’s main index edged down by less than 0.1%. Trump has often praised the use of tariffs , but investors are weighing whether his latest threat will actually become policy or is just an opening point for negotiations. For now, the market seems to be taking it more as the latter. The consequences otherwise for markets and the global economy could be painful. Unless the United States can prepare alternatives for the autos, energy products and other goods that come from Mexico, Canada and China, such tariffs would raise the price of imported items all at once and make households poorer, according to Carl Weinberg and Rubeela Farooqi, economists at High Frequency Economics. They would also hurt profit margins for U.S. companies, while raising the threat of retaliatory tariffs by other countries. And unlike tariffs in Trump’s first term, his latest proposal would affect products across the board. General Motors sank 9%, and Ford Motor fell 2.6% because both import automobiles from Mexico. Constellation Brands, which sells Modelo and other Mexican beer brands in the United States, dropped 3.3%. The value of the Mexican peso fell 1.8% against the U.S. dollar. Beyond the pain such tariffs would cause U.S. households and businesses, they could also push the Federal Reserve to slow or even halt its cuts to interest rates. The Fed had just begun easing its main interest rate from a two-decade high a couple months ago to offer support for the job market . While lower interest rates can boost the economy, they can also offer more fuel for inflation. “Many” officials at the Fed’s last meeting earlier this month said they should lower rates gradually, according to minutes of the meeting released Tuesday afternoon. The talk about tariffs overshadowed another mixed set of profit reports from U.S. retailers that answered few questions about how much more shoppers can keep spending. They’ll need to stay resilient after helping the economy avoid a recession, despite the high interest rates imposed by the Fed to get inflation under control. A report on Tuesday from the Conference Board said confidence among U.S. consumers improved in November, but not by as much as economists expected. Kohl’s tumbled 17% after its results for the latest quarter fell short of analysts’ expectations. CEO Tom Kingsbury said sales remain soft for apparel and footwear. A day earlier, Kingsbury said he plans to step down as CEO in January. Ashley Buchanan, CEO of Michaels and a retail veteran, will replace him. Best Buy fell 4.9% after likewise falling short of analysts’ expectations. Dick’s Sporting Goods topped forecasts for the latest quarter thanks to a strong back-to-school season, but its stock lost an early gain to fall 1.4%. Still, more stocks rose in the S&P 500 than fell. J.M. Smucker had one of the biggest gains and climbed 5.7% after topping analysts’ expectations for the latest quarter. CEO Mark Smucker credited strength for its Uncrustables, Meow Mix, Café Bustelo and Jif brands. Big Tech stocks also helped prop up U.S. indexes. Gains of 3.2% for Amazon and 2.2% for Microsoft were the two strongest forces lifting the S&P 500. All told, the S&P 500 rose 34.26 points to 6,021.63. The Dow gained 123.74 to 44,860.31, and the Nasdaq composite climbed 119.46 to 19,174.30. In the bond market, Treasury yields held relatively steady following their big drop from a day before driven by relief following Trump’s pick for Treasury secretary. The yield on the 10-year Treasury inched up to 4.29% from 4.28% late Monday, but it’s still well below the 4.41% level where it ended last week. In the crypto market, bitcoin continued to pull back after topping $99,000 for the first time late last week. It’s since dipped back toward $91,000, according to CoinDesk. It’s a sharp turnaround from the bonanza that initially took over the crypto market following Trump’s election. That boom had also appeared to have spilled into some corners of the stock market. Strategists at Barclays Capital pointed to stocks of unprofitable companies, along with other areas that can be caught up in bursts of optimism by smaller-pocketed “retail” investors. AP Business Writer Elaine Kurtenbach contributed. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. Get the latest local business news delivered FREE to your inbox weekly.
SYDNEY, Australia, Dec. 15, 2024 (GLOBE NEWSWIRE) -- Hampton Capital Asset Management is proud to announce its appointment and selection for the UNSW TRaCE (Translational Research and Commercialisation Experience) Venture Funding Programme, a pioneering initiative designed to accelerate high-potential startups from research labs to market. The $280 million TRaCE programme, established by the University of New South Wales in collaboration with the Commonwealth Government, industry partners, and the University of Newcastle, is the first of its kind in Australia. Inspired by successful frameworks from Israel and Singapore, TRaCE identifies and supports startups expected to make significant contributions to their industries. By combining early-stage funding with a network of industry leaders, the programme enables venture capital limited partnerships (VCLP) like Hampton Capital to commercialise innovative ideas into successful ventures while reducing risks at critical stages. Hampton Capital’s Commitment to Innovation and Shared Vision Hampton Capital, a leading venture builder, and Hampton Accelerate , its accelerator arm, use cutting-edge technologies and sustainable investment strategies to deliver exceptional outcomes for their clients. Hampton Capital’s selection into the TRaCE programme reflects their dedication to driving impactful solutions and aligns with TRaCE’s mission of tackling the “Valleys of Death”—the critical barriers startups face on their path to commercial viability. The “Valleys of Death” describe the challenges of high development costs and unproven market traction that often deter private investment at crucial growth stages. By using the resources and funding provided by TRaCE, Hampton Capital aims to empower startups to bridge these gaps and scale effectively. “We are honoured to join the UNSW TRaCE programme,” said John Priest, Founder and CEO of Hampton Capital. “This opportunity allows us to refine our innovative financial solutions while extending our reach into world-class research, with a strong focus on sustainability and technological advancement.” Innovative Partnerships Driving Success The TRaCE programme represents a bold new approach to commercialising university research. By integrating TRaCE’s deep R&D capabilities with Investible’s $32.7 million Climate Tech Fund and its expertise in scaling early-stage startups, the programme addresses critical funding gaps that often hinder climate-tech ventures. Through this partnership, startups can access a co-investment framework designed to de-risk ventures and support their transition from lab-based innovation to local manufacturing and global deployment. The collaboration ensures that innovative technologies have the resources and guidance needed to achieve commercial success. Sustainable Innovation for the Future Hampton Capital’s inclusion in the TRaCE programme highlights its leadership in reshaping the financial sector through sustainable investment practices. The programme’s innovative funding mechanisms, including its buy-back system, enable TRaCE to recycle funds and reinvest in future startups, creating a sustainable pipeline of support. Over the coming months, Hampton Capital will collaborate closely with the TRaCE programme team to enhance its market presence, maximise its impact, and solidify its position as a trailblazer in the commercialisation of groundbreaking research. Contact Information: Name: Ivy Fang Company: Hampton Capital Contact: i.fang@hamptoncapital.com.au A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9983586e-dd5f-4b0c-803d-ff546a6f47a6None
Trio leads UIC to 77-69 victory over Little Rock in OT
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