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Panic among spectators at soccer game kills at least 56 in the West African nation of GuineaTORONTO, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Rivalry Corp. (the "Company" or "Rivalry") (TSXV: RVLY) (OTCQX: RVLCF) (FSE: 9VK), the leading sportsbook and iGaming operator for digital-first players, is pleased to announce that it has closed the third tranche (the “Third Closing”) of its non-brokered private placement of units of the Company (the "Units"), previously announced on November 26, 2024 (the "Offering"). Under the Third Closing, the Company issued 2,231,253 Units at a price of $0.15 per Unit, for gross proceeds of $334,688. The Company may complete one or more additional closings, for aggregate gross proceeds (together with the proceeds raised under the initial closing, second closing and Third Closing) of up to approximately USD$3 million. Unless otherwise noted, all dollar figures are quoted in Canadian dollars. Each Unit is comprised of one (1) subordinate voting share in the capital of the Company (each, a "Subordinate Voting Share") and one-half of one (1/2) Subordinate Voting Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant is exercisable into one Subordinate Voting Share in the capital of the Company (each, a "Warrant Share") at a price of $0.25 per Warrant Share for a period of 12 months from the date hereof, subject to the Company's right to accelerate the expiry date of the Warrants upon 30 days' notice in the event that the closing price of the Subordinate Voting Shares is equal to or exceeds $0.50 on the TSX Venture Exchange (or such other recognized Canadian stock exchange as the Subordinate Voting Shares are primarily traded on) for a period of 10 consecutive trading days. The Company intends to use the proceeds from the Offering for corporate development and general working capital purposes. The Subordinate Voting Shares and Warrants, and any securities issuable upon exercise thereof, are subject to a four-month statutory hold period, in accordance with applicable securities legislation. The Company has paid an aggregate of $10,501.20 in finder's fees in connection with the Third Closing. This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any applicable state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration requirements is available. 100,200 Units were issued to family members of Steven Isenberg, a director of the Company and a "related party" (within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101")) and 500,000 Units were issued to Kevin Wimer, a director of the Company and a "related party", and such issuances are considered a "related party transaction" for the purposes of MI 61-101. Such related party transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the securities being issued to the related parties nor the consideration being paid by the related parties exceeded 25% of the Company’s market capitalization. The purchasers of the Units and the extent of such participation were not finalized until shortly prior to the completion of the Offering. Accordingly, it was not possible to publicly disclose details of the nature and extent of related party participation in the transactions contemplated hereby pursuant to a material change report filed at least 21 days prior to the completion of such transactions. About Rivalry Rivalry Corp. wholly owns and operates Rivalry Limited , a leading sport betting and media company offering fully regulated online wagering on esports, traditional sports, and casino for the digital generation. Based in Toronto, Rivalry operates a global team in more than 20 countries and growing. Rivalry Limited has held an Isle of Man license since 2018, considered one of the premier online gambling jurisdictions, as well as an internet gaming registration in Ontario, and is currently in the process of obtaining additional country licenses. With world class creative execution and brand positioning in online culture, a native crypto token, and demonstrated market leadership among digital-first users Rivalry is shaping the future of online gambling for a generation born on the internet. Company Contact: Steven Salz, Co-founder & CEO ss@rivalry.com Investor Contact: investors@rivalry.com Media Contact: Cody Luongo, Head of Communications cody@rivalry.com 203-947-1936 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release. Cautionary Note Regarding Forward-Looking Information and Statements This news release contains certain forward-looking information within the meaning of applicable Canadian securities laws ("forward-looking statements"). All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "achieve", "could", "believe", "plan", "intend", "objective", "continuous", "ongoing", "estimate", "outlook", "expect", "project" and similar words, including negatives thereof, suggesting future outcomes or that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking statements are based on the opinions and estimates of management of the Company at the date the statements are made based on information then available to the Company. Various factors and assumptions are applied in drawing conclusions or making the forecasts or projections set out in forward-looking statements. Forward-looking statements are subject to and involve a number of known and unknown, variables, risks and uncertainties, many of which are beyond the control of the Company, which may cause the Company’s actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Such factors, among other things, include regulatory or political change such as changes in applicable laws and regulations; the ability to obtain and maintain required licenses; the esports and sports betting industry being a heavily regulated industry; the complex and evolving regulatory environment for the online gaming and online gambling industry; the success of esports and other betting products are not guaranteed; changes in public perception of the esports and online gambling industry; failure to retain or add customers; the Company having a limited operating history; negative cash flow from operations; operational risks; cybersecurity risks; reliance on management; reliance on third parties and third-party networks; exchange rate risks; risks related to cryptocurrency transactions; risk of intellectual property infringement or invalid claims; the effect of capital market conditions and other factors on capital availability; competition, including from more established or better financed competitors; and general economic, market and business conditions. For additional risks, please see the Company’s MD&A dated April 30, 2024 and other disclosure documents available on SEDAR+ at www.sedarplus.ca . No assurance can be given that the expectations reflected in forward-looking statements will prove to be correct. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this news release. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Source: Rivalry Corp.Enbridge Inc. stock falls Friday, underperforms market
SANTA CLARA, Calif., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, today announced financial results for its third quarter of fiscal year 2025 ended October 31, 2024. Total cash, cash equivalents and marketable debt securities on hand at the end of the third quarter of fiscal 2025 was $226.5 million, compared with $219.8 million at the end of the prior quarter and $222.3 million at the end of the same quarter a year ago. "Company specific factors are more than offsetting broad market weakness, and we are reporting 30% sequential revenue growth in fiscal Q3, above the high-end of our guidance range, with strength led again by our customers' new products, especially those incorporating our higher priced AI inference processors. Edge AI revenue represented about 70% of our total revenue, establishing a new record level, and this momentum is expected to enable growth in both our IoT and Auto markets in F2025 and F2026,” said Fermi Wang, President and CEO. "With the anticipated revenue growth, we intend to drive positive operating leverage and build upon our 15 consecutive fiscal years of positive free-cash-flow.” Quarterly Conference Call Ambarella plans to hold a conference call at 4:30 p.m. Eastern Time / 1:30 p.m. Pacific Time today with Fermi Wang, President and Chief Executive Officer, and John Young, Chief Financial Officer, to discuss the third quarter of fiscal year 2025 results. A live and archived webcast of the call will be available on Ambarella's website at http://www.ambarella.com/ for up to 30 days after the call. About Ambarella Ambarella's products are used in a wide variety of human vision and edge AI applications, including video security, advanced driver assistance systems (ADAS), electronic mirror, drive recorder, driver/cabin monitoring, autonomous driving and robotics applications. Ambarella's low-power systems-on-chip (SoCs) offer high-resolution video compression, advanced image and radar processing, and powerful deep neural network processing to enable intelligent perception, fusion and planning. For more information, please visit www.ambarella.com . "Safe harbor" statement under the Private Securities Litigation Reform Act of 1995 This press release contains forward-looking statements that are not historical facts and often can be identified by terms such as "outlook,” "projected,” "intends,” "will,” "estimates,” "anticipates,” "expects,” "believes,” "could,” "should,” or similar expressions, including the guidance for the fourth quarter of fiscal year 2025 ending January 31, 2025, and the comments of our CEO relating to our expectation of future revenue growth, customer demand for our edge AI inference products, the growth potential of our new products, and our ability to generate positive free-cash flow in future periods. The achievement or success of the matters covered by such forward-looking statements involves risks, uncertainties and assumptions. Our actual results could differ materially from those predicted or implied and reported results should not be considered as an indication of our future performance. The risks and uncertainties referred to above include, but are not limited to, global economic and political conditions, including possible trade tariffs and restrictions; revenue being generated from new customers or design wins, neither of which is assured; the commercial success of our customers' products; our customers' ability to manage their inventory requirements; our growth strategy; our ability to anticipate future market demands and future needs of our customers, particularly for AI inference applications; our ability to introduce, and to generate revenue from, new and enhanced solutions; our ability to develop, and to generate revenue from, new advanced technologies, such as computer vision, AI functionality and advanced networks, including vision-language models and GenAI; our ability to retain and expand customer relationships and to achieve design wins; the expansion of our current markets and our ability to successfully enter new markets, such as the OEM automotive and robotics markets; anticipated trends and challenges, including competition, in the markets in which we operate; risks associated with global health conditions and associated risk mitigation measures; our ability to effectively manage growth; our ability to retain key employees; and the potential for intellectual property disputes or other litigation. Further information on these and other factors that could affect our financial results is included in the company's Annual Report on Form 10-K for our 2024 fiscal year, which is on file with the Securities and Exchange Commission. Additional information will also be set forth in the company's quarterly reports on Form 10-Q, annual reports on Form 10-K and other filings the company makes with the Securities and Exchange Commission from time to time, copies of which may be obtained by visiting the Investor Relations portion of our web site at www.ambarella.com or the SEC's web site at www.sec.gov . Undue reliance should not be placed on the forward-looking statements in this release, which are based on information available to us on the date hereof. The results we report in our Quarterly Report on Form 10-Q for the third fiscal quarter ended October 31, 2024 could differ from the preliminary results announced in this press release. Ambarella assumes no obligation and does not intend to update the forward-looking statements made in this press release, except as required by law. Non-GAAP Financial Measures The company has provided in this release non-GAAP financial information, including non-GAAP gross margin, net income (loss), and earnings (losses) per share, as a supplement to the condensed consolidated financial statements, which are prepared in accordance with generally accepted accounting principles ("GAAP"). Management uses these non-GAAP financial measures internally in analyzing the company's financial results to assess operational performance and liquidity. The company believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing its performance and when planning, forecasting and analyzing future periods. Further, the company believes these non-GAAP financial measures are useful to investors because they allow for greater transparency with respect to key financial metrics that the company uses in making operating decisions and because the company believes that investors and analysts use them to help assess the health of its business and for comparison to other companies. Non-GAAP results are presented for supplemental informational purposes only for understanding the company's operating results. The non-GAAP information should not be considered a substitute for financial information presented in accordance with GAAP, and may be different from non-GAAP measures used by other companies. With respect to its financial results for the third quarter of fiscal year 2025, the company has provided below reconciliations of its non-GAAP financial measures to its most directly comparable GAAP financial measures. With respect to the company's expectations for the fourth quarter of fiscal year 2025, a reconciliation of non-GAAP gross margin and non-GAAP operating expenses guidance to the closest corresponding GAAP measure is not available without unreasonable efforts on a forward-looking basis due to the high variability and low visibility with respect to the charges excluded from these non-GAAP measures. We expect the variability of the above charges to have a significant, and potentially unpredictable, impact on our future GAAP financial results.TikTok to block teenagers from beauty filters over mental health concerns
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Murder of UnitedHealthcare CEO ignites online fury over health insurance industryARLINGTON, Va. , Dec. 6, 2024 /PRNewswire/ -- The Board of Directors of The AES Corporation (NYSE: AES) approved an increase of 2% in the Company's quarterly common stock dividend, from $0.1725 per share to $0.17595 per share, beginning in the first quarter of 2025.
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ST. SIMONS ISLAND, Ga. (AP) — PGA Tour rookie Patrick Fishburn played bogey-free for an 8-under 64 for his first lead after any round. Joel Dahmen was 10 shots behind and had a bigger cause for celebration Friday in the RSM Classic. Dahmen made a 5-foot par putt on his final hole for a 2-under 68 in tough conditions brought on by the wind and cold, allowing him to make the cut on the number and get two more days to secure his PGA Tour card for next year. He is No. 124 in the FedEx Cup. “I still got more to write this weekend for sure,” said Dahmen, who recently had said his story is not yet over. “But without having the opportunity to play this weekend, my story would be a lot shorter this year.” Fishburn took advantage of being on the easier Plantation course, with trees blocking the brunt of the wind and two additional par 5s. He also was helped by Maverick McNealy, who opened with a 62 on the tougher Seaside course, making two bogeys late in his round and having to settle for a 70. Fishburn, who already has locked up his card for next year, was at 11-under 131 and led McNealy and Lee Hodges (63) going into the weekend. Michael Thorbjornsen had a 69 and was the only player who had to face Seaside on Friday who was among the top five. What mattered on this day, however, was far down the leaderboard. The RSM Classic is the final tournament of the PGA Tour season, and only the top 125 in the FedEx Cup have full status in 2025. That's more critical than ever with the tour only taking the top 100 for full cards after next season. Players like Dahmen will need full status to get as many playing opportunities as they can. That explains why he felt so much pressure on a Friday. He didn't make a bogey after his opening hole and was battling temperatures in the low 50s that felt even colder with the wind ripping off the Atlantic waters of St. Simons Sound. He made a key birdie on the 14th, hitting a 4-iron for his second shot on the 424-yard hole. Dahmen also hit wedge to 2 feet on the 16th that put him on the cut line, and from the 18th fairway, he was safely on the green some 40 feet away. But he lagged woefully short, leaving himself a testy 5-footer with his job on the line. “It was a great putt. I was very nervous,” Dahmen said. “But there's still work to do. It wasn't the game-winner, it was like the half-court shot to get us to halftime. But without that, and the way I played today, I wouldn't have anything this weekend.” His playing partners weren't so fortunate. The tour put three in danger of losing their cards in the same group — Zac Blair (No. 123), Dahmen and Wesley Bryan (No. 125). The cut was at 1-under 141. Blair and Bryan came to the 18th hole needing birdie to be assured of making the cut and both narrowly missed. Now they have to wait to see if anyone passes them, which is typically the case. Thorbjornsen in a tie for fourth and Daniel Berger (66 at Plantation) in a tie for 17th both were projected to move into the top 125. Dahmen, indeed, still has work to do. Fishburn gets a weekend to see if he can end his rookie year with a win. “I've had a lot of experience playing in cold growing up in Utah, playing this time of year, kind of get used to playing when the body’s not moving very well and you’ve got to move your hands,” said Fishburn, who played college golf at BYU. “Just pretty happy with how I played.” Ludvig Aberg, the defending champion and No. 5 player in the world competing for the first time in more than two months because of knee surgery, bounced back with a 64 on Plantation and was back in the mix. Aberg played with Luke Clanton, the Florida State sophomore who looks like he belongs each week. Clanton, the No. 1 player in the world amateur ranking who received a sponsor exemption, had a 65 at Plantation and was two shots off the lead. Clanton already has a runner-up and two other top 10s since June. “Playing with him, it's pretty awesome to watch,” Clanton said. “We were kind of fanboying a little it. I know he's a really good dude but to be playing with him and to see what he's done over the last couple years, it's pretty inspirational.” AP golf: https://apnews.com/hub/golf
Ottawa police are asking for the public's help in locating a missing 67-year-old man. Joseph Rene Leroux was last seen leaving his home in the Glen Cairn neighbourhood at around 8 p.m. on Nov. 24. Police say there are concerns about his well-being, as he has a medical condition that requires medication. Leroux is described as white, with a slim build and grey-and-black hair. There is no clothing description. He is known to frequent areas around St. Laurent Boulevard and Montreal Road. He might have travelled to Embrun. Anyone with information about Leroux's whereabouts is asked to contact Ottawa police at 613-236-1222. Shopping Trends The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop. Read about us. 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Bridget Morla, a Leduc RCMP officer, has been charged with two counts of sexual assault in connection with an incident that happened two years ago. Alleged gang member driving from U.S. arrested at Canadian border after making wrong turn An alleged gang member coming from the United States was arrested at the Canadian border after reportedly making a wrong turn onto the Peace Bridge border crossing. Trump demands immediate release of Oct. 7 hostages, says otherwise there will be 'HELL TO PAY' President-elect Donald Trump is demanding the immediate release of the Israeli hostages still being held in Gaza, saying that if they are not freed before he is sworn into office there will be “HELL TO PAY." 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AC/DC announces North American stadium tour, Vancouver lone Canadian stop Big news for AC/DC fans as the heavy metal bigwigs announced Monday they will hit the road next spring. But as of now, there’s only one Canadian show on the docket. Negotiations between Canada Post, union still on hold Canada Post says it's waiting for a response from the union representing some 55,000 striking workers after it offered a new framework for negotiations over the weekend. Wind chills of -50, snowfall of up to 50 cm: Canada's weather forecast As the second day of December unfolds, Canadians from coast to coast are experiencing a range of wintry conditions. Here's what's happening in different parts of the country. Atlantic Man dead, another injured after suspicious New Brunswick house fire One man is dead and a second is badly injured after a suspicious house fire in Coal Creek, N.B. Memorial planned on Dec. 11 for homeless man who died in Windsor, N.S. A Nova Scotia support agency for homeless people is holding a memorial service on Dec. 11 for a man found dead last week at the site of an ice fishing tent where he lived in Windsor, N.S. Nova Scotia lawyer suspended following ugly courtroom fracas A Nova Scotia lawyer who had to be restrained by deputy sheriffs during a court appearance earlier this year has lost his appeal of a suspension following the bizarre incident. Toronto Toronto library apologizes after staff at east-end branch refuse to help lost girl The Toronto Public Library is apologizing after staff at a branch in the city’s east end refused to provide a lost child with access to a telephone. Metrolinx CEO Phil Verster tenders resignation after 7 years Metrolinx CEO Phil Verster is stepping down. Verster tendered his resignation on Monday in order to take a new position and will leave his role as CEO of the provincial transit agency as early as Dec. 16. Crews partially reopen highway north of Toronto after major snowstorm hits cottage country Crews have partially reopened Highway 11 north of Toronto this afternoon after parts of Ontario’s cottage country were hit with upwards of 140 centimetres of snowfall over the weekend. Montreal New poll suggests Legault even less popular than Justin Trudeau A prominent polling analyst says Quebec's governing party would be reduced to fewer than 10 seats in the provincial legislature if an election were held today, based on current poll numbers. Montreal's Metro will have extended service hours on New Year’s Eve To help Montrealers celebrate the holidays safely, the Metro will run later than usual on New Year’s Eve. Lightspeed Commerce cutting 200 jobs as it eyes profitable growth Northern Ontario Five years after toddler's brutal death, Northern Ont. family struggles to find peace, justice A North Bay family is struggling to find peace and justice as the five-year anniversary of the brutal death of toddler Oliver McCarthy approaches. Transport trucks collide head-on near Hearst, Ont. One transport truck driver was seriously injured Saturday when two commercial motor vehicles collided head-on on Highway 11 Northwestern Ontario community fined for refusing to celebrate Pride Month An Ontario town and its mayor have been fined a total of $15,000 for refusing to celebrate Pride Month. Windsor 'We don’t give up on people': Windsor mobile soup kitchen moving indoors A mobile soup kitchen in downtown Windsor is moving indoors. 51-year-old woman faces impaired driving charge after veering into traffic: WPS Windsor police charged a 51-year-old woman with impaired driving after she allegedly veered into oncoming traffic, causing a crash in east Windsor. Crash investigation leads to impaired driving charges Elgin OPP officers have charged a Chatham driver following a collision investigation. London 'It's painful to see that': Neighbours express concern for children impacted by Sarnia homicide investigation Just before 5 a.m. on Sunday, police were called to a rooming house 194 Queen St. where two residents were involved in a physical fight wile in the kitchen. Startling admission by defence at bush bash shooting trial As the lengthy bush bash shooting trial resumed this week, the day started with a stunning admission from defence lawyer Ricardo Golec, who represents the accused in this case, 23-year-old Carlos Guerra Guerra. 'Snow streamer' moves across the region with snow squall warning still in effect A snowsquall warning is in effect for southern Ontario with more snow on the way. Kitchener Experts surprised by rising number of walking pneumonia cases Experts say a rise in respiratory illness is expected as the temperature drops, but this year, they’re seeing a surprising number of walking pneumonia cases in younger people. Crews partially reopen highway north of Toronto after major snowstorm hits cottage country Crews have partially reopened Highway 11 north of Toronto this afternoon after parts of Ontario’s cottage country were hit with upwards of 140 centimetres of snowfall over the weekend. First dose of winter hits Waterloo Region Mother Nature has given Waterloo Region its first dose of snow, just in time for December, and even more could be coming our way. Barrie Health experts provide safety tips amid Gravenhurst State of Emergency Health officials urge residents to take extra precautions following the State of Emergency declared in Gravenhurst. New bridge over Highway 400 in Barrie opens to traffic The Sunnidale Road bridge replacement is complete, with the road opening to traffic Monday. Highway 11 lanes reopen after snowstorm blasted the region, stranding motorists From road closures, power outages, weather declarations and nonstop shoveling, Muskoka residents have been faced with nearly a metre of persistent snowfall. Winnipeg Material at Manitoba landfill now being searched for remains of Indigenous women The next stage in the search for the remains of two slain Indigenous women in a Manitoba landfill has officially begun. Two people found dead at Portage la Prairie home: RCMP The Manitoba RCMP is investigating after two people were found dead at a home in Portage la Prairie over the weekend. Northwestern Ontario community fined for refusing to celebrate Pride Month An Ontario town and its mayor have been fined a total of $15,000 for refusing to celebrate Pride Month. Calgary Apartment in downtown Calgary highrise significantly damaged in fire Calgary fire crews are investigating a blaze that significantly damaged an apartment in a downtown highrise on Monday morning. Silverado residents concerned with proposed cellphone tower Some long-time residents in Calgary's deep southwest neighborhood of Silverado are pushing back against a proposed cellphone tower. Calgary's 5 most expensive homes for sale right now Calgary's most expensive homes as of December 2024. Edmonton Alberta RCMP officer charged with 2 counts of sexual assault Const. Bridget Morla, a Leduc RCMP officer, has been charged with two counts of sexual assault in connection with an incident that happened two years ago. Alberta reannounces plans to reduce the number of photo radar sites in the province Alberta reannounced plans to reduce photo radar sites in the province on Monday. Northern Alta. house explosion likely caused by gas leak: RCMP Northern Alberta Mounties are investigating a house explosion in Swan Hills early Monday morning. Regina Manz found guilty of one charge of sexual assault, acquitted on five others after 57 hours of deliberations After being sequestered for more than 57 hours, a 12-person jury has found Regina chiropractor Ruben Manz guilty of one count of sexual assault. Blockbuster WHL trade sees Warriors move captain Brayden Yager to Hurricanes The Western Hockey League's (WHL) Moose Jaw Warriors traded captain Brayden Yager to the Lethbridge Hurricanes Monday. Over 7,000 Sask. patients have intimate medical info breached in lab hack Over 7,000 patients in Saskatchewan had their intimate medical information breached by hackers, according to the province’s privacy watchdog. Saskatoon Family of Sask. man who died following a violent arrest still pushing for answers Friends and family of Boden Umpherville may be closer to finding answers on the circumstances surrounding his death. Over 7,000 Sask. patients have intimate medical info breached in lab hack Over 7,000 patients in Saskatchewan had their intimate medical information breached by hackers, according to the province’s privacy watchdog. 'The best start': Saskatoon begins 2025 budget talks with proposed cut to property taxes In an unusual twist, the latest City of Saskatoon budget deliberations began with positive financial news. Vancouver Knife-wielding man arrested following incident in Richmond, B.C. A man who allegedly threatened the public with a weapon and chased a woman in Richmond, B.C., has been arrested. ‘A piece of our hearts missing:’ B.C. family announces tragic end to search for missing man with dementia A 64-year-old man who went missing from his Saanich long-term care home last month has been found deceased on the Westshore – with his wallet and Cleveland Browns trading cards, according to family. Moustache Miler running fundraiser raises over $16K for Movember Vancouver’s Moustache Miler raised over $6,000 this weekend as runners pounded the pavement for men’s mental health charity Movember. Vancouver Island ‘A piece of our hearts missing:’ B.C. family announces tragic end to search for missing man with dementia A 64-year-old man who went missing from his Saanich long-term care home last month has been found deceased on the Westshore – with his wallet and Cleveland Browns trading cards, according to family. Fraudulent B.C. crypto platform fined $18.4M by securities regulator The British Columbia Securities Commission has fined a cryptocurrency trading platform and its director more than $18 million after finding the company lied to its customers by diverting nearly $13 million of their investments into gambling websites and personal accounts. Canada Post strike costs small businesses $76 million per day, association says The Canadian Federation of Independent Business says the dispute has cost small-and-medium-sized businesses more than three quarters of $1 billion. Kelowna Study of 2023 Okanagan wildfires recommends limiting development in high-risk areas A study into the devastating wildfires that struck British Columbia's Okanagan region in 2023 has recommended that government and industry limit development in high-fire-risk areas. Kelowna, B.C., to host the Memorial Cup in the spring of 2026 The Western Hockey League's Kelowna Rockets will host the Memorial Cup in the spring of 2026, the Canadian Hockey League said Wednesday. 545 vehicles impounded in 332 days: BC Highway Patrol pleads for drivers to slow down Mounties with the BC Highway Patrol in Kelowna say they've impounded more than 545 vehicles for excessive speed and aggressive driving so far this year. That works out to more than 1.6 per day. Stay ConnectedS Korea sets a good exampleWASHINGTON — President-elect Donald Trump pledged Monday to exact vengeance against Hamas militants who kidnapped Israelis, including some with dual American citizenship, if the group does not release every remaining Oct. 7, 2023 , hostage before the Republican gets sworn into office next month. Trump, in a social media post, said "there will be ALL HELL TO PAY in the Middle East, and for those in charge who perpetrated these atrocities against Humanity" if all the hostages were not released by his inauguration on Jan. 20. He said that "those responsible will be hit harder than anybody has been hit" in American history in the post, in which he did not go into specifics. The Biden administration said last week that it had negotiated a cease-fire deal with France between Israel and Hezbollah militants in Lebanon. The release of hostages in Gaza are a key condition of the cease-fire negotiations, which restarted last weekend , between Israel and Hamas. Both militants organizations are Iranian-backed proxy groups, and the U.S. has long asserted that a cease-fire in Lebanon could lead to one in Gaza. The threat from Trump on Monday was the latest instance in which he has sought to leverage his position as president-elect to force concessions from foreign actors prior to entering office and in ways that run counter to current U.S. foreign policy. He warned of coming tariffs on China, Mexico and Canada in social media posts last week. Trump's latest social media missive suggesting the U.S. could retaliate directly against Hamas followed an announcement on Monday from the Israeli Defense Forces that U.S.-Israeli citizen Omer Neutra had died during the militants' surprise attack on Israel on Oct. 7, 2023, and his body was being held in Gaza. Sign-up for Your Vote: Text with the USA TODAY elections team. Neutra was a 21-year-old who served as a platoon commander in Israel's armored corps. He is among the 48 Americans who the State Department says were killed in the attack last year. News of Neutra's death came as Hamas released a hostage video of Edan Alexander , 20, an Israeli-American from Long Island. President Joe Biden, who had previously met with Neutra’s parents, said in a statement that he was “devastated and outraged" by his death. Biden's remarks, sent from Africa, where is traveling this week, addressed the families of those still held hostages in Gaza, many of them long frustrated and anguished by the lack of progress in negotiations, telling them, “We see you. We are with you. And I will not stop working to bring your loved ones back home where they belong." Contributing: Chris Kenning and Cybele Mayes-Osterman
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