U.S. stock futures were little changed on Wednesday as traders await the release of the Federal Reserve's favorite inflation gauge. Futures tied to the Dow Jones Industrial Average rose 6 points, sitting near flat. Meanwhile, S&P 500 futures fell 0.1%, while Nasdaq-100 futures dipped 0.3%. The personal consumption expenditures price index (PCE) is set for release at 10 a.m. ET. Economists polled by Dow Jones expect a year-over-year increase of 2.8% for the core reading , which excludes food and energy. Investors will look through the data for indications on how the Fed may proceed on its rate policy at its December meeting. Indeed, the Fed issued the meetings from its November meeting on Tuesday. While central bank officials said they anticipate more interest rate cuts coming down the pike, they said the pace of cuts would happen "gradually." "I think they'll cut again [in December]," Stephen Stanley, Santander U.S. Capital Markets chief U.S. economist, told CNBC's " Power Lunch ." "I think they feel like they're still pretty far away from neutral, so they feel like they still have some distance to go and they'd like to get another notch in their belt on that." Other key data out on Wednesday include personal income and consumer spending for October. That's also scheduled to be released at 10 a.m. ET. It's a shortened trading week in the U.S., with the market dark for the Thanksgiving holiday on Thursday and set to close early Friday. Trading volume is anticipated to remain light. Still, stocks finished in the green across the three major averages on Tuesday. Both the S&P 500 and the Dow reached fresh intraday and closing highs. European markets traded lower Wednesday as investors continued to assess the potential impact of President-elect Donald Trump 's plans to hike tariffs. The pan-European Stoxx 600 index was 0.2% lower by mid-morning, with most sectors in negative territory. Shares of Easyjet were up 1.5% after the budget airline posted a 25% rise in full-year operating profit but shares of Aston Martin were down 4% after the luxury carmaker issued another profit warning. Shares of Just Eat Takeaway fell 1% after the company announced it would delist from the London Stock Exchange. Global markets have traded mixed since Trump said Monday that one of his first acts in office would be to impose an additional 10% tariff on all Chinese goods entering the U.S., and threatened a 25% tariff on products from Mexico and Canada, ending a regional free trade agreement. — Holly Ellyatt It was a less-than-stellar session for the Russell 2000 , as it clipped a six-day winning run on Tuesday. The small-cap index lagged the three major averages, slumping about 0.7%, while the S&P 500 and the Dow Jones Industrial Average rose to fresh record closes. Nevertheless, the Russell 2000 is enjoying a strong November, as investors have snapped up cyclical stocks since Donald Trump won a second term in the White House earlier this month. The Russell is on track for a 10.4% jump month to date, besting the 5.5% gain the S&P 500 is carrying this month. The small-cap benchmark has also topped the Nasdaq Composite 's nearly 6% advance in November and the Dow's 7.4% jump. — Darla Mercado, Chris Hayes Some stocks are making big moves in extended trading: Read here for the full list. — Sean Conlon Stock futures opened little changed on Tuesday evening. Futures tied to the Dow Jones Industrial Average gained 20 points, or 0.04%. S&P 500 futures likewise moved 0.04% higher, while Nasdaq-100 futures fell 0.03%. — Sean Conlon
ST. LOUIS, Dec. 04, 2024 (GLOBE NEWSWIRE) -- The Marketing Alliance, Inc. (OTC: MAAL) (“TMA” or the “Company”), announced its financial results today for its fiscal 2025 second quarter ended September 30, 2024. Fiscal Q2 2025 Financial Key Items (all comparisons to the prior year period) Revenues were $4,928,950 compared to $4,891,830. The increase was primarily due to 10% revenue growth in the insurance distribution business that was offset by a decline in construction revenue Operating income from continuing operations of $486,639 compared to $591,187 in the prior year period Net income was $401,511 or $0.05 per share compared to $236,599 or $.03 per share in the prior year period Subsequent to the end of the quarter, on October 28, the Company announced its Board of Directors had authorized a share repurchase program to repurchase up to 800,000 shares of issued and outstanding common stock and decided to discontinue paying dividends effective immediately Management Comments Timothy M. Klusas, TMA’s Chief Executive Officer, commented, “While our bottom-line results were similar to the second fiscal quarter last year, this quarter showed a 10% revenue increase in the insurance distribution business. The investments in the business we made, and continue to make, appeared to begin to result in growth. During this quarter the Company filled two key open leadership roles, introduced a new logo to reflect a more modern customer-centric company, and integrated new tools and technologies on to our insurance distribution platform for customers to save time, save expense, and in turn drive better outcomes for their customers. In the construction business we completed a large job that was initiated in the prior fiscal year. We continued to maintain a very disciplined approach to only undertaking jobs that were economically profitable with respect to our capabilities. We continued to believe this approach positions us to perform better and have capacity to undertake more suitable jobs.” Mr. Klusas added, “Our general and administrative operating expenses increased this quarter due to a one-time $147,720 non-cash compensation expense. While we have worked very hard to reduce our expenses, we recognized that we may have to adjust these expenses to continue to perform at a high level. We continued to reduce debt and further strengthened our balance sheet by changing our position on dividends.” On October 28 the Company announced its approval of a share repurchase authorization and its decision to discontinue the dividend. At the time, Timothy Klusas, the Company's President and Chief Executive Officer, stated, "The share repurchase authorization represents our financial strength and commitment to enhance shareholder value, and the Board’s willingness to change tactics to do so. The Board recognized, nor did it take lightly, that this action would be a significant change in our shareholder distribution strategy of paying dividends, which the Company has paid consistently since its founding in 1996. The Board arrived at this decision after monitoring the stock price while paying dividends and has concluded in its judgement that its dividend policy was not adequately reflected in the stock price." As of November 27, the Company has repurchased approximately 62,000 shares under this authorization. Fiscal Second Quarter 2025 Financial Review Revenues were $4,928,950 compared to $4,891,830, due to 10% growth in the insurance distribution business that was offset by a decrease in the construction business. Net operating revenue (gross profit) for the quarter was $1,367,731, compared to net operating revenue of $1,427,796 in the prior year fiscal period. While Net operating revenue was greater this quarter in the insurance business, it was offset by a decrease in the construction business versus the prior year quarter. Operating expenses increased to $881,092 compared to $836,609 for the prior year. The increase was due to a one-time non-cash expense of $147,720. The Company reported operating income from continuing operations of $486,639 compared to $591,187 in the prior year period, with differences due to factors discussed above. Operating EBITDA (excluding investment portfolio income) of $553,396 was less than the prior year quarterly EBITDA of $669,709. A note reconciling operating EBITDA to operating income can be found at the end of this release. Investment gain (loss), net (from non-operating investment portfolio) for the quarter was $61,203 as compared with ($129,263) during the same period the previous year. The Company has reduced its holdings of equity securities by 32% at the end of the quarter versus the prior year. Net income was $401,511, or $0.05 per share, compared to $236,599 or $0.03 per share. Common shares outstanding increased 100,000 pursuant to Director retention plans. Balance Sheet Information TMA’s balance sheet on September 30, 2024, reflected cash and cash equivalents of $1.4 million; working capital of $6.1 million; and shareholders’ equity of $6.4 million; compared to cash and cash equivalents of $1.8 million, working capital of $6.1 million, and shareholders’ equity of $6.5 million as of September 30, 2023. About The Marketing Alliance, Inc. Headquartered in St. Louis, MO, TMA provides support to independent insurance brokerage agencies, with a goal of integrating insurance and “insuretech” engagement platforms to provide members value-added services on a more efficient basis than they can achieve individually. Investor information can be accessed through the shareholder section of TMA’s website at: http://www.themarketingalliance.com/shareholder-information . TMA’s common stock is quoted on the OTC Markets (http://www.otcmarkets.com) under the symbol “MAAL”. Forward Looking Statement Investors are cautioned that forward-looking statements involve risks and uncertainties that may affect TMA's business and prospects. Examples of forward-looking statements include, among others, statements we make regarding our expectations of growth based upon our investments in our business, our recently announced stock repurchase program, our plans to reduce expenses, and our ability to undertake more suitable jobs and generate earnings from our construction business. Any forward-looking statements contained in this press release represent our estimates, expectations or intentions only as of the date hereof, or as of such earlier dates as are indicated, and should not be relied upon as representing our views as of any subsequent date. These statements involve a number of risks and uncertainties, including, but not limited to, expectations of the economic environment, material adverse changes in economic conditions in the markets we serve and in the general economy; the ways that insurance carriers may react in their underwriting policies and procedures to the continuing risks they perceive from public health matters; the ability of our construction business to be engaged for projects and for those projects to commence on the anticipated timetable and with the anticipated profitability; our reliance on a limited number of insurance carriers and any potential termination of those relationships or failure to develop new relationships; privacy and cyber security matters and our ability to protect confidential information; future state and federal regulatory actions and conditions in the states in which we conduct our business; our ability to work with carriers on marketing, distribution and product development; pricing and other payment decisions and policies of the carriers in our insurance distribution business, changes in the public securities markets that affect the value of our investment portfolio; and weather and environmental conditions in the areas served by our construction business. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so. . Note – Operating EBITDA (excluding investment portfolio income) The Company elects not to include investment portfolio income because the Company believes it is non-operating in nature. The Company uses Operating EBITDA as a measure of operating performance. However, Operating EBITDA is not a recognized measurement under U.S. generally accepted accounting principles, or GAAP, and when analyzing its operating performance, investors should use Operating EBITDA in addition to, and not as an alternative for, income as determined in accordance with GAAP. Because not all companies use identical calculations, its presentation of Operating EBITDA may not be comparable to similarly titled measures of other companies and is therefore limited as a comparative measure. Furthermore, as an analytical tool, Operating EBITDA has additional limitations, including that (a) it is not intended to be a measure of free cash flow, as it does not consider certain cash requirements such as tax payments; (b) it does not reflect changes in, or cash requirements for, its working capital needs; and (c) although depreciation and amortization are non-cash charges, the assets being depreciated and amortized often will have to be replaced in the future, and Operating EBITDA does not reflect any cash requirements for such replacements, or future requirements for capital expenditures or contractual commitments. To compensate for these limitations, the Company evaluates its profitability by considering the economic effect of the excluded expense items independently as well as in connection with its analysis of cash flows from operations and through the use of other financial measures. The Company believes Operating EBITDA is useful to an investor in evaluating its operating performance because it is widely used to measure a company’s operating performance without regard to certain non-cash or unrealized expenses (such as depreciation and amortization) and expenses that are not reflective of its core operating results over time. The Company believes Operating EBITDA presents a meaningful measure of corporate performance exclusive of its capital structure, the method by which assets were acquired, and non-cash charges and provides additional useful information to measure performance on a consistent basis, particularly with respect to changes in performance from period to period.
South Korean authorities seek warrant to detain impeached President Yoon in martial law probe SEOUL, South Korea (AP) — South Korean law enforcement officials on Monday requested a court warrant to detain impeached President Yoon Suk Yeol as they investigate whether his short-lived martial law decree on Dec. 3 amounted to rebellion. Kim Tong-hyung, The Associated Press Dec 29, 2024 6:16 PM Dec 29, 2024 6:35 PM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message A TV screen shows a file image of South Korean President Yoon Suk Yeol, being broadcast at the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Dec. 26, 2024. (AP Photo/Ahn Young-joon) SEOUL, South Korea (AP) — South Korean law enforcement officials on Monday requested a court warrant to detain impeached President Yoon Suk Yeol as they investigate whether his short-lived martial law decree on Dec. 3 amounted to rebellion. The Corruption Investigation Office for High-Ranking Officials, which is leading a joint investigation with police and military authorities into the power grab that lasted only a few hours, confirmed it requested the warrant from the Seoul Western District Court. They plan to question Yoon on charges of abuse of authority and orchestrating a rebellion. Yoon has dodged several requests by the joint investigation team and public prosecutors to appear for questioning and has also blocked searches of his offices. It’s not clear whether the court will grant the warrant or whether Yoon can be compelled to appear for questioning. Under the country’s laws, locations potentially linked to military secrets cannot be seized or searched without the consent of the person in charge, and it’s unlikely that Yoon will voluntarily leave his residence if he faces detainment. Yoon’s presidential powers were suspended after the National Assembly voted to impeach him on Dec. 14 over his imposition of martial law that lasted only hours but has triggered weeks of political turmoil, halted high-level diplomacy and rattled financial markets. Yoon’s fate now lies with the Constitutional Court, which has begun deliberations on whether to uphold the impeachment and formally remove Yoon from office or reinstate him. Yoon has defended the martial law decree as a necessary act of governance, describing it as a warning against the liberal opposition Democratic Party, which has been bogging down his agenda with its majority in the parliament. Parliament voted last week to also impeach Prime Minister Han Duck-soo, who had assumed the role of acting president after Yoon’s powers were suspended, over his reluctance to fill three Constitutional Court vacancies ahead of the court’s review of Yoon’s case. The country’s new interim leader is Deputy Prime Minister Choi Sang-mok, who is also finance minister. Kim Tong-hyung, The Associated 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 World News South Korean authorities seek warrant to detain impeached President Yoon in martial law probe Dec 29, 2024 5:57 PM Jetliner skids off runway and bursts into flames while landing in South Korea, killing 179 Dec 29, 2024 4:20 PM Jimmy Carter, 39th US president, Nobel winner, dies at 100 Dec 29, 2024 2:32 PM Featured FlyerIn conclusion, the vulnerability in the NX-OS software used in Cisco Nexus switches highlights the ongoing challenges of cybersecurity in an increasingly interconnected world. By staying vigilant, updating software regularly, and implementing robust security measures, organizations can defend against a wide range of threats and safeguard their network infrastructure from malicious actors.
Title: Seeing Beyond Beauty: The Importance of Prioritizing the "Medical" in Medical AestheticsLululemon Achieves Revenue Growth Through Expansion into County Towns, Becoming the Fastest Growing Market in China
EQB reports record annual earnings, dividend increase and growth guidanceThe authorities took immediate action to secure the giant terror ants and prevent any potential escape or release into the wild. Specialized containment measures were employed to ensure the safety of the public and ecosystem. Experts from the Department of Agriculture and Environmental Protection Agency were called in to assess the situation and devise a plan for the safe disposal of the invasive species.
SAN FRANCISCO--(BUSINESS WIRE)--Nov 26, 2024-- Blend Labs Inc. (NYSE: BLND), a leading origination platform for digital banking solutions, today announced that its management will participate at the following investor conference: Wells Fargo 8th Annual TMT Summit Rancho Palos Verdes, CA Wednesday, December 4, 2024 Fireside Chat at 10:15 a.m. PST The conference fireside chat will be available via live audio webcast accessible on the Investors section of the Company’s website at investor.blend.com . About Blend Blend Labs Inc. (NYSE: BLND), is a leading origination platform for digital banking solutions. Financial providers—from large banks, fintechs, and credit unions to community and independent mortgage banks—use Blend’s platform to transform banking experiences for their customers. Blend powers billions of dollars in financial transactions every day. To learn more, visit blend.com . View source version on businesswire.com : https://www.businesswire.com/news/home/20241126305121/en/ CONTACT: Investor Contact: ir@blend.com KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: PROFESSIONAL SERVICES TECHNOLOGY SOFTWARE FINANCE FINTECH INTERNET BANKING SOURCE: Blend Copyright Business Wire 2024. PUB: 11/26/2024 04:05 PM/DISC: 11/26/2024 04:05 PM http://www.businesswire.com/news/home/20241126305121/enCAMBRIDGE, Mass.--(BUSINESS WIRE)--Nov 26, 2024-- Pegasystems Inc. (NASDAQ: PEGA), the Enterprise Transformation CompanyTM, today announced that Ken Stillwell, COO and CFO, Pega, will be presenting at the following upcoming investor conferences: Archives of the presentations will be available from the Investors page of Pega’s website for a limited time. About Pegasystems Pega is The Enterprise Transformation CompanyTM that helps organizations Build for Change® with enterprise AI decisioning and workflow automation. Many of the world’s most influential businesses rely on our platform to solve their most pressing challenges, from personalizing engagement to automating service to streamlining operations. Since 1983, we’ve built our scalable and flexible architecture to help enterprises meet today’s customer demands while continuously transforming for tomorrow. For more information on how Pega empowers its clients to Build for Change®, visit www.pega.com . All trademarks are the property of their respective owners. View source version on businesswire.com : https://www.businesswire.com/news/home/20241126520654/en/ CONTACT: Press: Lisa Pintchman VP, Corporate Communications lisa.pintchman@pega.com 617-866-6022 Twitter:@pega Investor: Peter Welburn VP, Corporate Development & Investor Relations PegaInvestorRelations@pega.com 617-498-8968 KEYWORD: MASSACHUSETTS CALIFORNIA ARIZONA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: SOFTWARE NETWORKS DATA ANALYTICS INTERNET ARTIFICIAL INTELLIGENCE DATA MANAGEMENT PROFESSIONAL SERVICES TECHNOLOGY SOURCE: Pegasystems Inc. Copyright Business Wire 2024. PUB: 11/26/2024 04:05 PM/DISC: 11/26/2024 04:06 PM http://www.businesswire.com/news/home/20241126520654/en
The probe into the transactions between AC Milan and the Elliott Fund was triggered by a whistleblower who lodged a formal complaint about possible irregularities. This complaint raised concerns about the transparency and legitimacy of the financial dealings between the two entities, casting a shadow over Milan's reputation and raising questions about the integrity of their operations.
As the situation on the battlefield continues to evolve, vigilance and strategic thinking will be essential in navigating the complex and challenging dynamics of the conflict. By recognizing the warning signs of potential infighting and taking proactive measures to address underlying tensions, the anti-government forces can enhance their resilience and effectiveness in the face of mounting challenges.Another significant aspect of the sustainable development of new productivity is the rise of digitalization and artificial intelligence. These technologies have enabled businesses to harness the power of data and analytics to make informed decisions, optimize processes, and enhance customer experiences. Through the integration of AI-powered solutions, businesses can automate repetitive tasks, improve accuracy, and unlock new opportunities for growth and innovation.
This unfortunate incident serves as a reminder of the importance of maintaining high standards of cleanliness and safety in public venues. As we await further details on the cause of the fainting incidents, it is crucial for both businesses and consumers alike to prioritize health and safety above all else.Gap CFO Katrina O'Connell sells $2.23 million in stock
SEOUL, South Korea (AP) — South Korean law enforcement officials on Monday requested a court warrant to detain impeached President Yoon Suk Yeol as they investigate whether his short-lived martial law decree on Dec. 3 amounted to rebellion. The Corruption Investigation Office for High-Ranking Officials, which is leading a joint investigation with police and military authorities into the power grab that lasted only a few hours, confirmed it requested the warrant from the Seoul Western District Court. They plan to question Yoon on charges of abuse of authority and orchestrating a rebellion. Yoon has dodged several requests by the joint investigation team and public prosecutors to appear for questioning and has also blocked searches of his offices. It’s not clear whether the court will grant the warrant or whether Yoon can be compelled to appear for questioning. Under the country’s laws, locations potentially linked to military secrets cannot be seized or searched without the consent of the person in charge, and it’s unlikely that Yoon will voluntarily leave his residence if he faces detainment. Yoon’s presidential powers were suspended after the National Assembly voted to impeach him on Dec. 14 over his imposition of martial law that lasted only hours but has triggered weeks of political turmoil, halted high-level diplomacy and rattled financial markets. Yoon’s fate now lies with the Constitutional Court, which has begun deliberations on whether to uphold the impeachment and formally remove Yoon from office or reinstate him. Yoon has defended the martial law decree as a necessary act of governance, describing it as a warning against the liberal opposition Democratic Party, which has been bogging down his agenda with its majority in the parliament. Parliament voted last week to also impeach Prime Minister Han Duck-soo, who had assumed the role of acting president after Yoon’s powers were suspended, over his reluctance to fill three Constitutional Court vacancies ahead of the court’s review of Yoon’s case. The country’s new interim leader is Deputy Prime Minister Choi Sang-mok, who is also finance minister.
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