Big dreams: He's the founder of a leading African photobook libraryRed Bull Racing's Max Verstappen enters Saturday's Las Vegas Grand Prix on the verge of clinching his fourth consecutive Formula 1 world championship. There are various scenarios that will land Verstappen his fourth title on Saturday night, the most basic of which is him simply finishing ahead of Lando Norris at the race's conclusion. Verstappen can still finish behind Norris in the race and clinch the championship however, as Norris would need to outscore Verstappen by at least three points to keep his hopes alive. Prior to the Miami Grand Prix in May, it would have seemed like a fever dream that another driver would be competing with Verstappen for the title this late in the season. Despite McLaren having the best car since Red Bull engineer Adrian Newey departed four days prior to the Miami GP, Norris felt he wasn't fully prepared for a championship battle of this magnitude. "I probably wasn't outright ready to go up against Red Bull and Max," Norris said. "I think I am now, and it's probably too late (for that). ... Maybe there are other drivers in the past that were ready for such an occasion. But no one has gone up against Max so early in their career, halfway through the season, and put up, I think, a pretty reasonable fight. "I mean, I'm there, but there's no one else doing it, you know? So I've done my best. I've not done well enough. I've always admitted that. I think Max is probably one of the best drivers ever in Formula 1. I don't think you'll get a much better driver than Max in Formula 1 ever again." Saturday's foray in Vegas will also be the penultimate race for Lewis Hamilton at Mercedes, as the sport's most popular driver heads to the legendary Ferrari outfit to partner with Charles Leclerc next season. Hamilton had a fiery response to Mercedes' principal Toto Wolff's comment that "everyone has a shelf life" in regards to Hamilton's exit to Ferrari potentially being a positive for Mercedes. "Honestly I feel like I'm in the best place I've been all year mentally and considering how bad the last race was," Hamilton said. "I think that says enough. Nothing can take me down. I'm still here, I'm still fighting and I'm going to continue to push. I've got a team that I generally still love, even though I'm leaving and I want to make sure to give them the best I can in these next races." Hamilton drove with the same fire in Thursday's free practice, finishing first in both sessions. To sweeten the deal for Mercedes, Russell finished second to Hamilton in the first practice session and third behind Hamilton and Norris in the second session. Norris' second place finish in FP2 capped off a relatively successful day for the Brit as he also finished third behind Russell in FP1. It wasn't as good of an evening for Verstappen, who finished fifth in FP1 before tire issues forced him to a P17 finish in FP2. Sergio Perez provided little encouragement for Red Bull either, finishing behind Verstappen at 19th in the second practice session. --Field Level Media
1. **First time emphasis on consumption-driven growth**: For the first time, the Central Politburo highlighted the importance of shifting towards a consumption-driven growth model. This signals a departure from the traditional export-led growth strategy, as China aims to stimulate domestic demand and reduce reliance on overseas markets.TD an outlier in Q4 with suspended guidance as other banks look to rosier 2025 TORONTO — TD was an outlier during the banks' fourth-quarter earnings season as other lenders released cautiously encouraging outlooks for the year ahead while the beleaguered bank suspended its guidance. Ian Bickis, The Canadian Press Dec 5, 2024 1:02 PM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message TD Bank signage is pictured in the financial district in Toronto, Friday, Sept. 8, 2023. THE CANADIAN PRESS/Andrew Lahodynskyj TORONTO — TD was an outlier during the banks' fourth-quarter earnings season as other lenders released cautiously encouraging outlooks for the year ahead while the beleaguered bank suspended its guidance. The bank said it was suspending financial targets for earnings, return on equity and positive leverage as it works through a wide-ranging strategic review ahead of leadership change next year. "In my role as incoming CEO, we are undertaking a broad and detailed review of the bank strategies and investment priorities," said chief operating officer Raymond Chun, who is set to replace Bharat Masrani in the top job in April. "It's my opportunity to dive deep and make sure that we're putting TD in the best position possible," Chun said on an earnings call Thursday. The review comes as TD continues to grapple with the fallout from anti-money laundering deficiencies that saw it agree in October to pay fines totalling more than $4.23 billion to U.S. regulators, who also imposed an asset growth cap on its U.S. retail banking operations. The bank said it will be challenging to generate earnings growth as it navigates its transition. For TD's peers, the tone was more upbeat but still cautious as CIBC, RBC and National Bank reported profits that beat analyst expectations and said there was more growth ahead as interest rates are expected to drop further. Even BMO, which has been struggling with a pool of shaky loans, said it expects its provisions for credit losses to have peaked in the fourth quarter with improvements ahead. Shares of BMO opened down more than four per cent as its earnings came in well below analyst expectations because of the spike in provisions, but shares gained after an earnings call where the bank said it was turning a corner. The bank's share price was also boosted by an announced share buyback of up to 20 million shares, and a four-cent dividend increase from the previous quarter to $1.59 per share. "We're net confident in the U.S. and otherwise, and that's underpinned by the decisions we've made with respect to the dividend increase and normal course issuer bid," said chief executive Darryl White. CIBC showed even more faith in growth ahead as it reported results that were well ahead of expectations. The bank, which saw its provisions fall 23 per cent from last year, said it was boosting its dividend by eight per cent. "This increase reinforces the confidence we have to deliver earnings growth," said chief executive Victor Dodig on an earnings call. While bank leaders all generally saw better days ahead as interest rates fall and credit risks ease, their outlook on the timing is less confident. RBC chief executive Dave McKay said he was cautious but optimistic on the credit picture but still not sure on when it may normalize. "We're just a little uncertain as to how we're going to land this thing, whether it's in the first half or second half of the year, or early into '26." The bank shrugged off the effects of a softening Canadian economy to report a profit of $4.22 billion in the fourth quarter and $16.2 billion for the year. It increased its quarterly dividend by six cents, or four per cent, to $1.48. Scotiabank results fell short of analyst expectations as its results were hit by higher-than-expected taxes and a writedown of its holding in a Chinese bank, while its Canadian operations were affected by the softening economy, said chief executive Scott Thomson. "The realities of a slowing economy and the impact of peak interest rates made for a challenging operating environment," he said on a conference call with analysts. But he too is looking for a turnaround ahead as interest rates fall. "We anticipate additional easing through the first half of the year, which we expect will be stimulative to activity in the domestic housing and mortgage markets and buoy consumer and business confidence," Thomson said. While analysts welcomed the outlooks from banks, they expressed disappointment in TD's silence on its financial expectations for next year. "We would have hoped that TD would have been able to provide a little more concrete guidance to investors here right now," said Scotiabank analyst Meny Grauman in a note. "Waiting another half a year or more for management to tell us what the longer-run implications of its U.S. consent order are leaves the stock without a proper anchor." Jeffries analyst John Aiken said the bank was "throwing in the towel for 2025," and that investors will need to be patient for a catalyst to release pent-up value. Chun said he is optimistic on the road ahead, but it will take time to get there. "I really do believe there are opportunities to get even stronger, more competitive. And so I look forward to sharing more with you in the second half of 2025." This report by The Canadian Press was first published Dec. 5, 2024. Companies in this story: (TSX:TD, TSX:BMO, TSX:RY, TSX:BNS, TSX:CM) Ian Bickis, The Canadian Press See a typo/mistake? Have a story/tip? This has been shared 0 times 0 Shares Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message More National Business S&P/TSX composite rises Thursday, U.S. markets down ahead of jobs report Dec 5, 2024 1:46 PM B.C. premier says feds and provinces plan right-left approach to Trump's tariff plans Dec 5, 2024 1:43 PM Lululemon reports US$351 million profit in Q3 as revenue also rises Dec 5, 2024 1:36 PM Featured Flyer
In conclusion, Sun Yingsha's unparalleled success in maintaining her top ranking for the 50th consecutive week and her commanding lead in women's singles points are a testament to her exceptional talent, hard work, and unwavering determination. As she continues to set new records and raise the bar for excellence in the sport, Sun Yingsha remains a force to be reckoned with and a true icon of table tennis.
One of the key objectives of the initiative is to enhance the region's computing power by investing in infrastructure, talent development, and research and development. This includes building state-of-the-art data centers, upgrading networks, and providing support for local tech companies to develop cutting-edge technologies. By strengthening the foundation of computing power, Liaoning aims to create a conducive environment for the development and deployment of AI applications in various sectors, such as manufacturing, healthcare, transportation, and agriculture.
NVIDIA's Market Value Evaporates by $89 Billion Overnight on Antitrust Investigation
In his retirement statement, Rafael expressed his gratitude to the fans, teammates, and coaches who had supported him throughout his career. He also thanked his family for their unwavering encouragement and love. Rafael reflected on the memorable moments he had experienced on the pitch and expressed his pride in representing top clubs such as Manchester United and Lyon.However, behind the glamorous façade, Liu Dameili struggled with body image issues and insecurities about her physical appearance. In an attempt to achieve the "perfect" figure that she believed her followers desired, she made the decision to undergo liposuction at a renowned hospital in the city.
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