70,555 Shares in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Purchased by B. Metzler seel. Sohn & Co. Holding AG
Mumbai, Dec 22, 2024 Market regulator, the Securities and Exchange Board of India (SEBI) has taken strict action in a front-running case, banning PNB Met Life Insurance Company’s equity dealer Sachin Bakul Dagli and eight other entities from the stock market. According to the SEBI, front running was being done by Dagli and eight entities for more than three years and during this period, all of them collectively earned illegal profits of Rs 21.16 crore. The market regulator banned Dagli and the eight entities from the stock market and seized the unlawful gains. The SEBI had investigated some suspicious front-running trades related to PNB MetLife India Insurance before this action. The focus of this investigation was to find out whether the suspicious entities were doing front running in the trade of PNB MetLife India Insurance with the help of other people, including dealers and fund managers. It also sought to find whether SEBI rules have been violated or not. The investigation, which was conducted from January 1, 2021, to July 19, 2024, revealed that most of the trading decisions at PNB MetLife were assigned to Dagli for execution. The investigation found that Dagli, the equity dealer of PNB MetLife, and his brother Tejas Dagli, an equity sales trader at Investec, obtained confidential, non-public information about the upcoming trading decisions of PNB MetLife and Investec. This information was further used to make trading decisions and shared with Sandeep Shambharkar, who executed front-running trades through the accounts of Dhanmata Realty Private Ltd (DRPL), Worthy Distributors Private Ltd (WDPL), and Pragnesh Sanghvi. DRPL and WDPL Directors Arpan Kirtikumar Shah, Kabita Saha, and Jignesh Nikulbhai Dabhi were also involved in carrying out this task. The SEBI said that 6,766 front-running trades have been executed. A profit of Rs 21,15,78,005 was earned from this. Front-running is an illegal practice, entailing a trader or broker receiving confidential information about a large company or institution making a bulk order in a particular stock and creating a position in that particular stock before the big order is executed. In such a situation, when the order is executed by a big company or institution, the trader or broker gets the benefit of the sudden rise in that stock.(Agency)Vistra VST has outperformed the market over the past 5 years by 30.47% on an annualized basis producing an average annual return of 44.22%. Currently, Vistra has a market capitalization of $50.35 billion. Buying $100 In VST: If an investor had bought $100 of VST stock 5 years ago, it would be worth $618.39 today based on a price of $147.98 for VST at the time of writing. Vistra's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed by an editor. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
GOP Sen. Joni Ernst of Iowa announced Monday that she will now be supporting Pete Hegseth through the confirmation process to become the next secretary of defense. Ernst had been perhaps the most prominent Republican holdout in backing President-elect Donald Trump’s nominee. “I think for a number of our senators, they want to make sure that any allegations have been cleared, and that’s why we have to have a very thorough vetting process,” Ernst Fox News. However, on Monday after a meeting with , she said in a statement, “I appreciate Pete Hegseth’s responsiveness and respect for the process. Following our encouraging conservation, Pete committed to completing a full audit of the Pentagon and selecting a senior official who will uphold the roles and value of our servicemen and women, based on quality and standards, not quotas.” “As I support Pete through this process, I look forward to a hearing based on truth, not anonymous sources,” the senator added. 🚨BREAKING: Senator Joni Ernst announces her SUPPORT For Pete Hegseth as Secretary of Defense. Ernst says she believes Pete Hegseth and not “anonymous sources” WE WON: — Benny Johnson (@bennyjohnson) Hegseth described the meeting he had with Ernst as “very good,” saying they connected on a number of issues as combat veterans who want what’s best for the military. BREAKING: Pete Hegseth had a “very good meeting” with Senator Joni Ernst. — Benny Johnson (@bennyjohnson) Last week ran a story based on 10 anonymous sources, who either currently work or formerly worked for Fox News, who said Hegseth drank alcohol in excess at times. refuted the allegation during an interview with Megyn Kelly, arguing people should “check the tape” regarding whether he was ever drunk or hung over on air. Kelly noted, “I did see every single member of ‘Fox & Friends’ ... go on the air and say, ‘This is BS.’” further committed that if he should become secretary of defense, he will view it like a combat deployment and not drink at all while in office. We are committed to truth and accuracy in all of our journalism. Advertise with The Western Journal and reach millions of highly engaged readers, while supporting our work. .The Charlotte Hornets look to avenge their disappointing one-point loss to the Brooklyn Nets with a matchup against the Detroit Pistons. These two teams faced off on November 6th, when Brandon Miller’s tip-in secured a 108-107 victory for the Hornets. For the players, that win carried significance beyond just the final score. During the offseason, Draymond Green criticized the Hornets on the Club520 Podcast, questioning their status as a respectable franchise. Reflecting on the Warriors’ future after Klay Thompson’s move to Dallas, Green discussed possibly leaving if they rebuild. “ I pray to God if [the Warriors] ever feel the need to get rid of me... If they [are] going to send me to any non-winning organization, then send me to Detroit... then Charlotte [Hornets],” Draymond Green on the Club520 Podcast. Miles Bridges quickly responded to Green’s comments on Twitter, showing loyalty to the team. Now, with a 5-9 record, the Hornets face a larger question: Have they proven enough to earn respect? Is Green’s criticism still justified? Electrifying Playmaker Driving the Hornets Despite Flaws The Hornets’ 5-9 record mirrors their start to the 2023-24 season, which might have some fans feeling uneasy. However, this year’s team has been significantly more entertaining, largely thanks to LaMelo Ball’s electrifying play. The star guard has been the catalyst for the Hornets’ offense, appearing in all 14 games so far and delivering career-best performances. Ball’s 28.4 points per game rank 7th in the league, with 63 made three-pointers on 174 attempts, ranking 3rd and 1st. His shooting is key to the Hornets’ offense, but his 37.2% usage rate highlights the team’s reliance on him. However, this high usage comes with drawbacks—Ball leads the league with 57 personal fouls and 61 turnovers, ranking fourth. Watching Ball can be a rollercoaster of emotions for fans. His style of play can dazzle with spectacular shot-making and playmaking or frustrate with erratic decisions. This duality may explain why head coach Charles Lee chose to sit Ball during the fourth quarter of their recent game against the Nets. Although the Hornets needed his shot creation and passing late, his earlier struggles made the decision understandable. Key Contributors Stepping Up Beyond Ball, the Hornets’ core players are beginning to make their presence felt. Bridges, who started the season slowly with averages of 12.9 points on 36/23/76% shooting, has found his rhythm. Over his last four games, Bridges has elevated his play, averaging 19.1 points on an efficient 51/51/100% shooting split, along with 6.3 rebounds and 3.8 assists. Despite dealing with a hyperextended knee, he has delivered consistent performances during this stretch. Miller, meanwhile, has been impressive since returning from his oblique injury. Over the last nine games, the second-year forward has averaged 17.9 points, 4.4 rebounds, 4.1 assists, and 1.6 steals per game. While his shooting remains a work in progress—38% from the field and 32% from three—Miller’s all-around game is starting to evolve, giving the Hornets another versatile weapon. Role Players The Hornets’ role players have also stepped up when needed. Tre Mann has become a key contributor off the bench, providing a spark with his scoring and energy. Mann is averaging 14.8 points in 24.8 minutes, frequently serving as the go-to scorer for momentum shifts. Grant Williams has been thrust into the starting center role due to injuries to Mark Williams and Nick Richards. Despite being undersized at 6’6”, Williams has performed admirably, averaging 13.0 points and 6.8 rebounds on 50/46/84% shooting since joining the starting lineup. His shooting adds a unique offensive dimension, but his size leaves the team vulnerable on the boards. Enter Moussa Diabaté , who has capitalized on his increased minutes amid the Hornets’ injury struggles. The young big man has been a force on the boards, averaging 7.3 rebounds (2.9 offensive) in just 16.1 minutes per game. His per-36 numbers are even more impressive, with 16.3 rebounds (6.6 offensive), showcasing his tenacity and value as a rebounder in a depleted frontcourt. In Conclusion Draymond Green’s offseason comments dismissed the Hornets, but their early performances suggest otherwise. Despite a 5-9 record, this team feels different. LaMelo Ball is playing at a superstar level, while Miles Bridges, Brandon Miller, and Tre Mann have stepped up. The Hornets’ resilience amid injuries, with contributors like Moussa Diabaté and Grant Williams, shows they’re not easily written off. While they’re not ready to silence critics entirely, the Hornets’ growth and competitiveness may soon change perceptions—perhaps even Draymond Green’s. This article first appeared on thePeachBasket and was syndicated with permission.Shopping on Shein and Temu for holiday gifts? You're not the only one
TOKYO (AP) — Troops surround South Korea's parliament overnight when the president declares martial law. He accuses pro-North Korean forces of plotting to overthrow one of the world’s most vibrant democracies. Lawmakers voice outrage and vote to end the declaration, and the president lifts the decree before daybreak. President Yoon Suk Yeol spread fear and confusion through South Korea overnight by issuing his sudden edict late Tuesday, the first martial law declaration since more than four decades ago when the country was controlled by a dictatorship. The declaration, the rushed vote by lawmakers to overturn it and the president's lifting of martial law soon afterward were moments of high drama for an unpopular leader who has struggled with political deadlock in an opposition-dominated parliament and scandals involving him and his wife. While there was no direct evidence presented, Yoon raised the specter of North Korea as a destabilizing force. Yoon has long maintained that a hard line against the North is the only way to stop Pyongyang from following through on its nuclear threats against Seoul. Amid the surreal scenes of troops massing around parliament, here are some things to know as this story unfolds: Immediately after Yoon's declaration the military chief called in key commanders for talks. South Korean troops set up barricades and then made their way into parliament. The leader of the main opposition, which controls parliament, ordered lawmakers to return to the building, where they eventually voted to lift the declaration of martial law. Yoon lifted the martial law decree around 4:30 a.m. during a Cabinet meeting. Yoon's declaration had been accompanied by an accusation that the opposition was engaged in “anti-state activities plotting rebellion.” But he did not explain what that means, and provided no specific evidence. The vague statement is reminiscent of the heavy-handed tactics of the South Korean dictatorships that ended in the late 1980s. A series of strongmen repeatedly invoked North Korea when struggling to control domestic dissidents and political opponents. The opposition lambasted Yoon's move as un-democratic. Opposition leader Lee Jae-myung, who narrowly lost to Yoon in the 2022 presidential election, called Yoon’s announcement “illegal and unconstitutional.” But the sudden declaration was also opposed by the leader of Yoon's own conservative party, Han Dong-hoon, who called the decision “wrong” and vowed to “stop it with the people.” “The people will block the president’s anti-constitutional step. The military must be on the side of the public in any case. Let’s resolutely oppose it,” Kim Dong Yeon, the opposition party governor of Gyeonggi province, which surrounds Seoul, wrote on X. Average South Koreans were in shock. Social media was flooded with messages expressing surprise and worry over Yoon’s announcement. “Martial law? I thought it was deepfake content, but is it really a martial law decree?,” one X user wrote. “I first thought about a war with North Korea when he said he would impose a martial law,” another X user wrote. There were quick claims that the emergency declaration was linked to Yoon’s political struggles. His approval rating has dropped, and he has had little success in getting his policies adopted by a parliament that has been controlled by the opposition since he took over in 2022. Conservatives have said the opposition moves are political revenge for investigations into the opposition leader, who is seen as the favorite for the next presidential election in 2027. Just this month, Yoon denied wrongdoing in an influence-peddling scandal involving him and his wife. The claims have battered his approval ratings and fueled attacks by his rivals. The scandal centers on claims that Yoon and first lady Kim Keon Hee exerted inappropriate influence on the conservative ruling People Power Party to pick a certain candidate to run for a parliamentary by-election in 2022 at the request of Myung Tae-kyun, an election broker and founder of a polling agency who conducted free opinion surveys for Yoon before he became president . Yoon has said he did nothing inappropriate. South Korea became a democracy only in the late 1980s, and military intervention in civilian affairs is still a touchy subject. During the dictatorships that emerged as the country rebuilt from the destruction of the 1950-53 Korean War, leaders occasionally proclaimed martial law that allowed them to station combat soldiers, tanks and armored vehicles on streets or in public places to prevent anti-government demonstrations. Such scenes are unimaginable for many today. The dictator Park Chung-hee, who ruled South Korea for nearly 20 years before he was assassinated by his spy chief in 1979, led several thousand troops into Seoul in the early hours of May 16, 1961, in the country’s first successful coup. During his rule, he occasionally proclaimed martial law to crack down on protests and jail critics. Less than two months after Park Chung-hee’s death, Maj. Gen. Chun Doo-hwan led tanks and troops into Seoul in December 1979 in the country’s second successful coup. The next year, he orchestrated a brutal military crackdown on a pro-democracy uprising in the southern city of Gwangju, killing at least 200 people. In the summer of 1987, massive street protests forced Chun’s government to accept direct presidential elections. His army buddy Roh Tae-woo, who had joined Chun’s 1979 coup, won the election held later in 1987 thanks largely to divided votes among liberal opposition candidates. AP writers Kim Tong-hyung and Hyung-jin Kim contributed to this story.Seibert, who missed the previous two games with a right hip injury, was wide left on the point-after attempt following a low snap. Thomas then took the kick back 43 yards as the Cowboys (4-7) ended their losing streak at five in improbable fashion. Part of that was the play of backup Cooper Rush, who threw for 247 yards and two TDs in his third start in place of starter Dak Prescott. Part was also the defense forcing two turnovers, as Chauncey Golston ripped the ball out of Brian Robinson Jr.’s hands for what was called an interception of Daniels in the second quarter, and Donovan Wilson stripped John Bates midway through the fourth. KaVonte Turpin provided the fireworks with a spinning, 99-yard kickoff return TD seconds after Daniels found Zach Ertz in the end zone and scored on a 2-point conversion to cut the deficit to three with 3:02 left. In the final three minutes alone, the Commanders (7-5) scored 10 points and allowed Thomas’ TD. All that after the score was 10-9 through three quarters before madness ensued. CHIEFS 30, PANTHERS 27 CHARLOTTE, N.C. (AP) — Patrick Mahomes threw for 269 yards and three touchdowns , Spencer Shrader kicked a 31-yard field goal as time expired and Kansas City beat Carolina to reach double-digit wins for the 10th straight season. Noah Gray caught two TD passes as the Chiefs (10-1) bounced back from last week’s 30-21 loss at Buffalo and won at the buzzer yet again in a season of narrow escapes. DeAndre Hopkins also had a touchdown catch for the two-time defending Super Bowl champions, who scored on their first five possessions. Bryce Young finished 21 of 35 for 262 yards and a touchdown for the Panthers (3-8), who had their two-game winning streak snapped. David Moore had six receptions for 80 yards and a touchdown. Trailing 27-19, Young completed a fourth-down pass to Adam Thielen to move the chains, then went deep for the veteran receiver, who drew a pass-interference penalty on Chamarri Conner. That set up a 1-yard touchdown run by Chuba Hubbard. LIONS 24, COLTS 6 INDIANAPOLIS (AP) — Jahmyr Gibbs rushed for two scores and David Montgomery added a third touchdown run, leading Detroit to a victory over Indianapolis. Gibbs finished with 21 carries for 90 yards as the Lions (10-1) extended their league-high winning streak to nine straight. Detroit has its been 11-game record since the franchise’s inaugural season in 1934. Jared Goff continued his sensational season, too, completing 26 of 36 throws for 269 yards. The Colts (5-7) lost their second straight home game and for the fourth time in their past five games. Anthony Richardson was 11 of 28 with 172 yards while rushing 10 times for 61 yards. While Indy managed to hold the NFL’s highest-scoring offense largely in check Sunday, it was doomed by its inability to finish drives with touchdowns. BUCCANEERS 30, GIANTS 7 EAST RUTHERFORD, N.J. (AP) — Baker Mayfield catapulted into the end zone on a spectacular 10-yard scramble for one of Tampa Bay’s four rushing touchdowns, and the Buccaneers beat the Giants and new starting quarterback Tommy DeVito, snapping a four-game losing streak and extending New York’s skid to six. The Giants’ decisions this week to bench and then release quarterback Daniel Jones did nothing to help the NFL’s lowest-scoring offense. DeVito threw for 189 yards, mostly in the second half with New York well on its way to its sixth straight loss at home, where it is winless. Meanwhile, the Buccaneers dominated in every phase in a near-perfect perfect performance that featured TD runs of 1 yard by Sean Tucker, 6 yards by Bucky Irving and 1 yard by Rachaad White. After recent losses to the Ravens, 49ers and Chiefs, Tampa Bay (5-6) moved within one game of idle Atlanta in the NFC South. Tampa Bay scored on five of its on first six possessions to open a 30-0 lead, and none was more exciting than Mayfield’s TD run with 12 seconds left in the first half. On a second-and-goal from the 10, he avoided pressure and went for the end zone. He was hit by Cor’Dale Flott low and Dru Phillips high around the 2-yard line, and he was airborne when he crossed the goal line. The ball came loose when he hit the turf but he jumped up and flexed — seemingly mocking DeVito’s go-to celebration — as the Bucs took a 23-0 lead. DOLPHINS 34, PATRIOTS 15 MIAMI GARDENS, Fla. (AP) — Tua Tagovailoa threw for 317 yards and four touchdowns, including two scores to running back De’Von Achane, and Miami routed New England. The Dolphins (5-6) have a thin margin for error the rest of the season but have kept themselves afloat with a three-game winning streak. With their win at New England (3-9) in Week 5, the Dolphins have swept their division rivals in consecutive seasons for the first time since 1999-2000. Tagovailoa, who moved to 7-0 in his career against New England, entered the game with a league-high 73.4% completion rate and went 29 for 40. Backup Skylar Thompson replaced Tagovailoa with about 11 minutes left in what was already a blowout, but a bad handoff on his first play resulted in a fumble that was recovered by cornerback Christian Gonzalez and returned 63 yards for a touchdown. It cut New England’s deficit to 31-15, and Tagovailoa returned the next drive. TITANS 32, TEXANS 27 HOUSTON (AP) — Will Levis threw for 278 yards and his 70-yard touchdown pass to Chig Okonkwo put Tennessee on top in the fourth quarter and the Titans held on for a win over the Texans. Okonkwo grabbed a short pass and rumbled for the touchdown to put the Titans (3-8) up 30-27 with 91⁄2 minutes remaining. Safety Eric Murray missed a tackle that would have stopped him near midfield. The Texans (7-5) had a chance to tie it with less than two minutes remaining, but Ka’imi Fairbairn’s 28-yard field-goal attempt sailed wide left. He fell to the ground after the miss before getting up and slamming his helmet on the field. Titans coach Brian Callahan held both hands in the air and smiled after watching the miss that allowed his team to win on a day it had three turnovers. The Texans forced a three-and-out, but couldn’t move the ball after that and Harold Landry sacked C.J. Stroud in the end zone for a safety to make it 32-27 and allow Tennessee to snap a two-game skid. VIKINGS 30, BEARS 27, OT CHICAGO (AP) — Sam Darnold threw for 90 of his 330 yards in overtime to set up Parker Romo’s game-ending 29-yard field goal , and Minnesota outlasted Chicago after giving up 11 points in the final 22 seconds of regulation. Darnold threw two touchdown passes, Jordan Addison caught eight passes for a career-high 162 yards and a touchdown, and T.J. Hockenson had 114 yards receiving for the Vikings (9-2), who remained one game behind Detroit in the rugged NFC North. Caleb Williams threw for 340 yards and two touchdowns for the Bears (4-7), who lost their fifth straight. Minnesota appeared to have the game in hand, leading 27-16 with 1:56 left after Romo kicked a 26-yard field goal. But the Bears weren’t finished. Deandre Carter made up for a muffed punt that led to a touchdown in the third quarter with a 55-yard kickoff return to the 40. Williams took it from there, capping an eight-play drive with a 1-yard touchdown pass to Keenan Allen. A 2-point conversion pass to DJ Moore made it 27-24 with 22 seconds remaining. The Bears recovered the onside kick and Williams hit Moore over the middle for a 27-yard gain to the 30 before spiking the ball. Cairo Santos made a 48-yard field goal as time expired.
Prince William issues strict orders as Kate Middleton makes Royal return
Over 71.81 crore Ayushman Bharat Health Account numbers generated: CentreSuspect in Manhattan CEO murder thought Unabomber was ‘extreme political revolutionary’
B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Benchmark Electronics, Inc. ( NYSE:BHE – Free Report ) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 21,321 shares of the technology company’s stock, valued at approximately $945,000. Other institutional investors also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its holdings in Benchmark Electronics by 65.7% in the 2nd quarter. UMB Bank n.a. now owns 686 shares of the technology company’s stock valued at $27,000 after purchasing an additional 272 shares in the last quarter. Quest Partners LLC purchased a new stake in Benchmark Electronics in the 2nd quarter valued at approximately $41,000. CWM LLC boosted its holdings in Benchmark Electronics by 81.9% in the 2nd quarter. CWM LLC now owns 1,106 shares of the technology company’s stock valued at $44,000 after purchasing an additional 498 shares in the last quarter. Quarry LP boosted its holdings in Benchmark Electronics by 172.5% in the 2nd quarter. Quarry LP now owns 1,379 shares of the technology company’s stock valued at $54,000 after purchasing an additional 873 shares in the last quarter. Finally, Innealta Capital LLC purchased a new stake in shares of Benchmark Electronics during the 2nd quarter worth approximately $61,000. Hedge funds and other institutional investors own 92.29% of the company’s stock. Benchmark Electronics Price Performance BHE stock opened at $48.17 on Friday. Benchmark Electronics, Inc. has a 1 year low of $24.75 and a 1 year high of $52.57. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 2.36. The stock’s 50 day moving average price is $45.32 and its 200 day moving average price is $42.61. The firm has a market cap of $1.73 billion, a P/E ratio of 28.01 and a beta of 0.97. Benchmark Electronics Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date was Monday, September 30th. This is a positive change from Benchmark Electronics’s previous quarterly dividend of $0.17. Benchmark Electronics’s dividend payout ratio is currently 39.53%. Wall Street Analyst Weigh In BHE has been the topic of a number of research reports. Needham & Company LLC upped their price target on Benchmark Electronics from $45.00 to $48.00 and gave the stock a “buy” rating in a report on Friday, November 1st. StockNews.com cut Benchmark Electronics from a “buy” rating to a “hold” rating in a report on Monday, November 18th. Finally, Lake Street Capital upped their price target on Benchmark Electronics from $35.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $42.33. View Our Latest Report on Benchmark Electronics Insiders Place Their Bets In other Benchmark Electronics news, Director Jeffrey Stephen Mccreary sold 7,073 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $42.70, for a total transaction of $302,017.10. Following the transaction, the director now owns 42,027 shares of the company’s stock, valued at $1,794,552.90. This represents a 14.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link . Also, CEO Jeff Benck sold 24,000 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $45.90, for a total value of $1,101,600.00. Following the completion of the transaction, the chief executive officer now directly owns 424,173 shares in the company, valued at $19,469,540.70. This trade represents a 5.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders have sold a total of 37,073 shares of company stock valued at $1,685,497 in the last quarter. 2.10% of the stock is currently owned by company insiders. Benchmark Electronics Profile ( Free Report ) Benchmark Electronics, Inc, together with its subsidiaries, offers product design, engineering services, technology solutions, and manufacturing services in the Americas, Asia, and Europe. The company provides engineering services and technology solutions, including new product design, prototype, testing, and related engineering services; and custom testing and technology solutions, as well as automation equipment design and build services. Recommended Stories Want to see what other hedge funds are holding BHE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Benchmark Electronics, Inc. ( NYSE:BHE – Free Report ). Receive News & Ratings for Benchmark Electronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Benchmark Electronics and related companies with MarketBeat.com's FREE daily email newsletter .South Korea's leader prompts dismay by briefly declaring martial law. Here's what to know
AUSTIN, Texas , Dec. 9, 2024 /PRNewswire/ -- Oracle Corporation (NYSE: ORCL) today announced fiscal 2025 Q2 results. Total quarterly revenues were up 9% year-over-year, in both USD and constant currency, to $14.1 billion . Cloud services and license support revenues were up 12% year-over-year, in both USD and constant currency, to $10.8 billion . Cloud license and on-premise license revenues were up 1% in USD and up 3% in constant currency, to $1.2 billion . Q2 GAAP operating income was $4.2 billion . Non-GAAP operating income was $6.1 billion , up 10% in both USD and constant currency. GAAP operating margin was 30%, and non-GAAP operating margin was 43%. GAAP net income was $3.2 billion . Non-GAAP net income was $4.2 billion , up 12% in both USD and constant currency. Q2 GAAP earnings per share was $1.10 , up 24% in USD and up 23% in constant currency, while non-GAAP earnings per share was $1.47 , up 10% in both USD and constant currency. Short-term deferred revenues were $9.4 billion . Over the last twelve months, operating cash flow was $20.3 billion and free cash flow was $9.5 billion . "Record level AI demand drove Oracle Cloud Infrastructure revenue up 52% in Q2, a much higher growth rate than any of our hyperscale cloud infrastructure competitors," said Oracle CEO, Safra Catz . "Growth in the AI segment of our Infrastructure business was extraordinary—GPU consumption was up 336% in the quarter—and we delivered the world's largest and fastest AI SuperComputer scaling up to 65,000 NVIDIA H200 GPUs. With our remaining performance obligation (RPO) up 50% to $97 billion , we believe our already impressive growth rates will continue to climb even higher. This fiscal year, total Oracle Cloud revenue should top $25 billion ." "Oracle Cloud Infrastructure trains several of the world's most important generative AI models because we are faster and less expensive than other clouds," said Oracle Chairman and CTO, Larry Ellison . "And we just signed an agreement with Meta—for them to use Oracle's AI Cloud Infrastructure—and collaborate with Oracle on the development of AI Agents based on Meta's Llama models. The Oracle Cloud trains dozens of specialized AI models and embeds hundreds of AI Agents in cloud applications. For example, Oracle's AI Agents automate drug design, image and genomic analysis for cancer diagnostics, audio updates to electronic health records for patient care, satellite image analysis to predict and improve agricultural output, fraud and money laundering detection, dual-factor biometric computer logins, and real time video weapons detection in schools. Oracle trained AI models and AI Agents will improve the rate of scientific discovery, economic development and corporate growth throughout the world. The scale of the opportunity is unimaginable." The board of directors declared a quarterly cash dividend of $0.40 per share of outstanding common stock. This dividend will be paid to stockholders of record as of the close of business on January 9, 2025 , with a payment date of January 23, 2025 . Earnings Conference Call and Webcast Oracle will hold a conference call and webcast today to discuss these results at 4:00 p.m. Central. A live and replay webcast will be available on the Oracle Investor Relations website at www.oracle.com/investor/ . About Oracle Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com . Trademarks Oracle, Java, MySQL, and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing. "Safe Harbor" Statement: Statements in this press release relating to future plans, expectations, beliefs, intentions and prospects, including the expectations for converting the Remaining Performance Obligations to revenue, future total Oracle Cloud revenue this fiscal year and the scale of opportunity for Oracle trained AI models and AI Agents, are "forward-looking statements" and are subject to material risks and uncertainties. Risks and uncertainties that could affect our current expectations and our actual results, include, among others: our ability to develop new products and services, integrate acquired products and services and enhance our existing products and services, including our AI products; our management of complex cloud and hardware offerings, including the sourcing of technologies and technology components; our ability to secure data center capacity; significant coding, manufacturing or configuration errors in our offerings; risks associated with acquisitions; economic, political and market conditions; information technology system failures, privacy and data security concerns; cybersecurity breaches; unfavorable legal proceedings, government investigations, and complex and changing laws and regulations. A detailed discussion of these factors and other risks that affect our business is contained in our SEC filings, including our most recent reports on Form 10-K and Form 10-Q, particularly under the heading "Risk Factors." Copies of these filings are available online from the SEC or by contacting Oracle's Investor Relations Department at (650) 506-4073 or by clicking on SEC Filings on the Oracle Investor Relations website at www.oracle.com/investor/ . All information set forth in this press release is current as of December 9, 2024 . Oracle undertakes no duty to update any statement in light of new information or future events. ORACLE CORPORATION Q2 FISCAL 2025 FINANCIAL RESULTS CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS ($ in millions, except per share data) Three Months Ended November 30, % Increase % Increase (Decrease) % of % of (Decrease) in Constant 2024 Revenues 2023 Revenues in US $ Currency (1) REVENUES Cloud services and license support $ 10,806 77 % $ 9,639 74 % 12 % 12 % Cloud license and on-premise license 1,195 9 % 1,178 9 % 1 % 3 % Hardware 728 5 % 756 6 % (4 %) (3 %) Services 1,330 9 % 1,368 11 % (3 %) (3 %) Total revenues 14,059 100 % 12,941 100 % 9 % 9 % OPERATING EXPENSES Cloud services and license support 2,746 19 % 2,274 17 % 21 % 21 % Hardware 172 1 % 213 2 % (20 %) (19 %) Services 1,167 8 % 1,253 10 % (7 %) (7 %) Sales and marketing 2,190 16 % 2,093 16 % 5 % 5 % Research and development 2,471 18 % 2,226 17 % 11 % 11 % General and administrative 387 3 % 375 3 % 3 % 3 % Amortization of intangible assets 591 4 % 755 6 % (22 %) (22 %) Acquisition related and other 31 0 % 47 0 % (34 %) (33 %) Restructuring 84 1 % 83 1 % 0 % 1 % Total operating expenses 9,839 70 % 9,319 72 % 6 % 6 % OPERATING INCOME 4,220 30 % 3,622 28 % 17 % 16 % Interest expense (866) (6 %) (888) (7 %) (3 %) (3 %) Non-operating income (expenses), net 36 0 % (14) 0 % * * INCOME BEFORE INCOME TAXES 3,390 24 % 2,720 21 % 25 % 24 % Provision for income taxes 239 2 % 217 2 % 11 % 10 % NET INCOME $ 3,151 22 % $ 2,503 19 % 26 % 26 % EARNINGS PER SHARE: Basic $ 1.13 $ 0.91 Diluted $ 1.10 $ 0.89 WEIGHTED AVERAGE COMMON SHARES OUTSTANDING: Basic 2,790 2,746 Diluted 2,869 2,817 (1) We compare the percent change in the results from one period to another period using constant currency disclosure. We present constant currency information to provide a framework for assessing how our underlying businesses performed excluding the effect of foreign currency rate fluctuations. To present this information, current and comparative prior period results for entities reporting in currencies other than United States dollars are converted into United States dollars at the exchange rates in effect on May 31, 2024, which was the last day of our prior fiscal year, rather than the actual exchange rates in effect during the respective periods. Movements in international currencies relative to the United States dollar during the three months ended November 30, 2024 compared with the corresponding prior year period increased our operating income by 1 percentage point. * Not meaningful ORACLE CORPORATION Q2 FISCAL 2025 FINANCIAL RESULTS RECONCILIATION OF SELECTED GAAP MEASURES TO NON-GAAP MEASURES (1) ($ in millions, except per share data) Three Months Ended November 30, % Increase (Decrease) in US $ % Increase (Decrease) in Constant Currency (2) 2024 2024 2023 2023 GAAP Non-GAAP GAAP Non-GAAP GAAP Adj. Non-GAAP GAAP Adj. Non-GAAP TOTAL REVENUES $ 14,059 $ - $ 14,059 $ 12,941 $ - $ 12,941 9 % 9 % 9 % 9 % TOTAL OPERATING EXPENSES $ 9,839 $ (1,876) $ 7,963 $ 9,319 $ (1,914) $ 7,405 6 % 8 % 6 % 8 % Stock-based compensation (3)
DAZN ADVANCES GLOBAL EXPANSION WITH ACQUISITION OF FOXTEL, A LEADING AUSTRALIAN SPORTS AND ENTERTAINMENT MEDIA GROUPX4 Pharmaceuticals Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)Electric vehicle industry at crossroads, not a dead end
AFL Don't miss out on the headlines from AFL. Followed categories will be added to My News. Coaches never like losing premiership players. Werribee’s Jimmy Allan lost two last night – and he’s thrilled to ribbons about it. While many VFL watchers expected the Bees’ cool and classy defender Riley Bice to be drafted – the Swans took him at No. 41 – few saw forward Aidan Johnson getting a chance. Melbourne selected the 24-year-old with pick No. 68. Allan was not as surprised as others: he said the Demons had been in contact with Werribee football manager Ash Collins in recent days, indicating they might take Johnson late in the draft if they still needed a forward. The hard-hitting former Ovens and Murray player kicked 17 goals from 20 matches in the Bees’ premiership season. His teammates also nominated him as best-afield in the trip-away. “Over the past few days, they (Melbourne) were in contact with our footy manager a few times, so it was looking more and more likely over the last little period,’’ Allan said. “It was a great result for ‘Johnno’.’’ Aidan Johnson training at Werribee. Pic: Werribee FC He said Johnson was talented but a succession of injuries had held him back. Before this year, Johnson had played only one senior game for Werribee, in 2021 against the Northern Bullants. He had played local football the previous day and was called up as a late replacement. Allan called him “super competitive and someone who wants to get better’’. “At the start of the year we didn’t know what our forward line was going to look like and whether he was even going to get through,’’ he said. “As the year went on he became more and more important for us. Early on he had a dual role, forward and ruck, but as the year progressed we played two ruckmen and kept him forward. “He can do both. He’s super-competitive. You know what you’re going to get from him. He’s 193cm and hunts the ball like a midfielder. His defensive stuff is really good. He’s very aggressive and very strong on the lead and he’s worked pretty hard on his goalkicking. Hopefully he can cash in a little bit more. I think he went at about 50 per cent with his goalkicking but he kept giving himself shots.’’ Aidan Johnson cracking in for Yarraville Seddon. Picture: Andy Brownbill Allan said Johnson was a “fan favourite’’ and popular with his teammates and coaches. “He’s a great fella, a country boy. What you see it what you get. He’s great value. I think he was best-on-ground on the footy trip. The boys voted for him.’’ He said having two players drafted in one night was almost as good as winning the premiership. “A big part of our job is developing players for the highest level and seeing them realise their dreams of getting on to AFL lists,’’ Allan said. Johnson came to Werribee’s attention after booting 53 goals and featuring in Lavington’s 2019 Ovens and Murray league premiership. Geelong’s Shaun Mannagh – drafted from Werribee 12 months ago – also played in the flag, kicking six goals and receiving the best-afield medal. Last year Johnson was restricted 12 games for Western Region club Yarraville Seddon Eagles. He was named in the best eight times and kicked 18 goals. His journey also takes in stints at Old Brighton in the VAFA in 2022 and Brock/Burrum Saints in the Hume league in 2017-18. He had signed with Albury Tigers as his local club for 2025. Werribee CEO Mark Penaluna said Johnson grew up in Albury and joined the club as a mid-season signing in 2021. He said the Bees knew they were getting a capable forward but injuries had kept him off the scene. “It was one after the other ... we had to keep reminding him of the old saying that patience is a virtue,’’ Penaluna said. “We found that his running technique wasn’t helping. He had to amend that. There were times when he was down but by Christ the end result is fantastic for him and a true credit not just to ‘Johnno’ but all our physios and trainers and teammates who helped him get through.’’ Johnson was the fourth Werribee player drafted in 12 months, following Mannagh, Sam Clohesy and fellow Ovens and Murray product Bice. Originally published as AFL draft: Melbourne swoops on ‘super-competitive’ Werribee forward Aidan Johnson More related stories AFL ‘Top of the class’: Blues hail Jagga best player in stacked draft Carlton believes it landed the best player in the stacked 2024 draft class by securing prolific on-baller Jagga Smith with the third pick. Read more AFL Friends meet in tragic scene after poisonings A football club has been rocked to its core by the mass poisoning tragedy in Laos with gut-wrenching details emerging. Read moreFox News Host Misgenders Trans Lawmaker As Nancy Mace Continues Bathroom Ban Crusade
Giants stars Malik Nabers, Dexter Lawrence label team 'soft' after blowout loss to BucsNone
Jeeno Thitikul has a $4M finish to win LPGA finale and Maverick McNealy wins first PGA Tour titleHawks vs. Mavericks Injury Report Today – November 25
Japanese companies issue zero-tolerance rules for rude customersEnergy Advocates Condemn Collapse Of $1.5bn Port Harcourt Refinery
Marvell Technology, Inc. Reports Third Quarter of Fiscal Year 2025 Financial ResultsWall Street bulls mounted a valiant effort and pushed the stock market sharply Friday on a double dose of encouraging news. But the rally was not enough to overcome Wednesday's Fed-driven plunge. The S&P 500 dropped for the second straight week, losing 2%, while the Dow Jones Industrial Average made it three down weeks in a row, with a loss of more than 2.2%. The Nasdaq posted a 1.8% weekly decline, breaking a four-week winning streak. Looking under the hood of the S&P 500, all sectors closed lower for the week, despite Friday's rally. Energy was the worst-performing sector followed by real estate and materials. > 24/7 San Diego news stream: Watch NBC 7 free wherever you are Investors got several important updates this week that influenced markets — the most consequential being the Fed's 25-basis-point interest rate cut at the conclusion of its December two-day meeting on Wednesday afternoon. While the move was largely expected, the market took issue with the monetary policy committee's more hawkish outlook on rate cuts in 2025. The so-called dot plot, which illustrates central bankers' future rate expectations, pointed to a committee consensus that it will be appropriate to reduce rates only twice next year, half the number of moves indicated back in September. There is no denying that rate expectations are important, but we would caution Club members from allowing updates like this to weigh on investment decisions too heavily. While we now know who will sit in the White House come Inauguration Day on Jan. 20, and have since received more updates on inflation and the job market, nobody truly knows what 2025 will bring. There will be countless updates on inflation, rates, geopolitics, and more over the coming months, some of which we can see coming and some that will completely surprise us. The Fed, as it has been and as it should, will adjust its outlook accordingly. While we certainly don't want to fight the Fed, we also don't want to let every word out the mouth of a Fed official have us running to our brokerage account and making sweeping changes to our exposure. Rather, as long-term investors, we have the luxury of knowing that when the market might overreact to updates from the Fed or any other event, it can provide us with opportunities to buy shares in great companies with staying power. This is exactly what we did last week as the market got more and more oversold, according to our trusted S&P 500 Short Range Oscillator . In other words, keep focused on the fundamentals and use the volatility to your advantage. The other big update came Friday, with the cooler-than-expected personal consumption expenditures (PCE) price index, the Federal Reserve's favorite inflation gauge. Headline November PCE showed a 2.4% increase versus the 2.5% gain expected. Core PCE, excluding volatile food and energy prices, rose 2.8% year over year versus the 2.9% increase expected. While still above the Fed's 2% target inflation rate, the PCE data was just what the oversold market needed, and it was off to the races, turning sharp premarket losses into a powerful Friday rally. Helping the market take another leg higher, Chicago Fed President Austan Goolsbee told CNBC in a Friday interview that "rates come down a fair bit more" if the economic conditions over the last 18 months continue over the next 12 to 18 months. Goolsbee's comments soothed a nervous market following Wednesday's hawkish remarks from Fed Chairman Jerome Powell in his post-meeting news conference. Not to mention, if rates do remain higher for longer, that's not exactly a bad thing as it almost certainly means that the economy is still growing, and we would much rather be in a market contending with high rates because the economy is strong than a market benefiting from low rates because the economy is struggling to avoid a recession. In other economic news last week, November retail sales came in mixed, with the headline number outpacing expectations. The results, however, were short when stripping out automotive and gasoline sales. November's industrial production and capacity utilization were short versus expectations. The third and final read on third-quarter gross domestic product was better than estimates. On the release, the Bureau of Economic Analysis said the update GDP, measuring U.S. economic activity, "primarily reflected upward revisions to exports and consumer spending that were partly offset by a downward revision to private inventory investment. Imports, which are a subtraction in the calculation of GDP, were revised up." November housing starts disappointed, but November existing home sales edged out expectations. Within the portfolio, no companies reported earnings, however, we did initiate a new position in Goldman Sachs while trimming and downgrading Morgan Stanley to a 3 rating . As noted in Thursday's trade alert , we started making the switch because Goldman Sachs' exposure to investment banking is much more significant than Morgan Stanley's exposure — and if capital markets activity accelerates over the next few years as many analysts expect, we'll want to be invested with the highest quality investment bank. We also opted to trim and downgrade our position in Advanced Micro Devices to our 3 rating. While initially thinking AMD would prove a winner as it provides alternatives to Club name Nvidia , what we're seeing now is that Nvidia is even more deeply entrenched than we thought and when companies do look for alternatives, they're more so focused on custom chip solutions, like those made by Broadcom and Marvell Technology , than they are on general GPU alternatives. While we like Broadcom for the long haul, we did trim and downgrade the stock after it went parabolic after strong earnings the prior week. Looking ahead, it will be a light week with the stock market closing at 1 p.m. ET on Tuesday and closing all day on Wednesday for Christmas Day. That said, November new home sales are out Tuesday. Housing reports have been and will continue to be a key watch item for investors given that shelter cost inflation has proven extremely sticky and a key source of upward pressure on inflation, which is in turn keeping rates elevated. However, investors should take any positive update from Tuesday's report with a grain of salt. Mortgage rates rebounded following the Fed's rate announcement on Wednesday, and investors are going to be far more focused on figuring out what that means for home sales and affordability going forward than what's in this backward-looking release. Money Report Nordstrom to go private in $6.25 billion deal with founding family, Mexican retailer This career coach ‘always' negotiates for more PTO—her top 3 tips for making the ask Week ahead Monday, Dec. 23 10 a.m. ET: Consumer confidence Tuesday, Dec. 24 8:30 a.m. ET: Durable goods orders 10 a.m. ET: New home sales U.S. stock market closes at 1 p.m. ET Wednesday, Dec. 25 U.S. stock market closed for Christman Day Thursday, Dec. 26 8:30 a.m. ET: Initial jobless claims Friday, Dec. 27 8:30 a.m. ET: Wholesale inventories (See here for a full list of the stocks in Jim Cramer's Charitable TrusT.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED. Also on CNBC Here are the 3 things behind the Friday stock market rally that almost wasn't Cramer highlights 3 stocks to watch in a deeply oversold market that's bouncing Jim Cramer boots and replaces 2 stocks in our 12 core holdings list for 2025
Friendly reminder |
The authenticity of this information has not been verified by this website and is for your reference only. Please do not reprint without permission. If authorized by this website, it should be used within the scope of authorization and marked with "Source: this website". |
Special attention |
Some articles on this website are reprinted from other media. The purpose of reprinting is to convey more industry information, which does not mean that this website agrees with their views and is responsible for their authenticity. Those who make comments on this website forum are responsible for their own content. This website has the right to reprint or quote on the website. The comments on the forum do not represent the views of this website. If you need to use the information provided by this website, please contact the original author. The copyright belongs to the original author. If you need to contact this website regarding copyright, please do so within 15 days. |