B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Alibaba Group Holding Limited ( NYSE:BABA – Free Report ) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,428 shares of the specialty retailer’s stock, valued at approximately $1,107,000. A number of other hedge funds have also recently bought and sold shares of the stock. Acadian Asset Management LLC bought a new position in shares of Alibaba Group in the first quarter valued at $312,000. Advisors Asset Management Inc. lifted its stake in Alibaba Group by 17.6% in the first quarter. Advisors Asset Management Inc. now owns 3,387 shares of the specialty retailer’s stock valued at $245,000 after acquiring an additional 506 shares during the last quarter. 1832 Asset Management L.P. grew its position in shares of Alibaba Group by 277.5% in the 1st quarter. 1832 Asset Management L.P. now owns 80,488 shares of the specialty retailer’s stock valued at $5,824,000 after acquiring an additional 59,167 shares during the period. SVB Wealth LLC increased its stake in shares of Alibaba Group by 252.6% during the 1st quarter. SVB Wealth LLC now owns 21,057 shares of the specialty retailer’s stock worth $1,524,000 after purchasing an additional 15,085 shares during the last quarter. Finally, Progeny 3 Inc. bought a new stake in shares of Alibaba Group in the 1st quarter valued at about $9,986,000. 13.47% of the stock is currently owned by institutional investors. Wall Street Analysts Forecast Growth A number of equities analysts recently commented on BABA shares. Morgan Stanley reiterated an “equal weight” rating and set a $90.00 price target on shares of Alibaba Group in a report on Friday, August 23rd. Robert W. Baird lifted their target price on Alibaba Group from $88.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Benchmark restated a “buy” rating and issued a $118.00 price target on shares of Alibaba Group in a research note on Friday, November 15th. Mizuho raised their price target on Alibaba Group from $92.00 to $113.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Finally, Loop Capital reiterated a “buy” rating and issued a $115.00 price objective on shares of Alibaba Group in a report on Thursday, August 29th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.07. Alibaba Group Trading Down 2.9 % BABA stock opened at $83.13 on Friday. Alibaba Group Holding Limited has a 52 week low of $66.63 and a 52 week high of $117.82. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.41 and a current ratio of 1.37. The company’s 50-day simple moving average is $98.42 and its 200 day simple moving average is $85.87. The company has a market capitalization of $199.05 billion, a PE ratio of 16.86, a price-to-earnings-growth ratio of 0.42 and a beta of 0.35. Alibaba Group ( NYSE:BABA – Get Free Report ) last announced its earnings results on Friday, November 15th. The specialty retailer reported $15.06 EPS for the quarter, topping the consensus estimate of $1.87 by $13.19. The company had revenue of $236.50 billion for the quarter, compared to analysts’ expectations of $239.45 billion. Alibaba Group had a net margin of 8.98% and a return on equity of 12.28%. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the firm earned $1.82 earnings per share. As a group, sell-side analysts anticipate that Alibaba Group Holding Limited will post 8.51 earnings per share for the current year. About Alibaba Group ( Free Report ) Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others. Recommended Stories Want to see what other hedge funds are holding BABA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alibaba Group Holding Limited ( NYSE:BABA – Free Report ). Receive News & Ratings for Alibaba Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alibaba Group and related companies with MarketBeat.com's FREE daily email newsletter .
Ahmedabad Viral Video: A dramatic incident unfolded on Saturday when Ahmedabad police spotted a suspicious black car with tinted windows and no number plate. While on patrol, officers attempted to stop the vehicle, but the driver aggressively tried to run them over, narrowly missing the officers. In an attempt to evade capture, the driver made a sharp U-turn and fled the scene. However, police quickly pursued the vehicle and apprehended the driver shortly after. He was later made to apologise while facing the camera. ALSO READ: Diljit Dosanjh Falls On Stage During Ahmedabad Show, Says, 'Bhai Yahan Pe Fire...' A video of the confrontation is going viral on social media, showing the driver approaching a police checkpoint. As officers signalled for him to stop, he ignored their instructions and accelerated away, evading the checkpoint by making a U-turn. The footage captures the moment police officials shouted for him to pull over as he sped past them. અમદાવાદના સિંધુભવન રોડ ઉપર પોલીસ દ્વારા વાહન ચેકિંગ દરમિયાન એક બ્લેક કાર રોકવાતા રોકાયા વગર પૂર સ્પીડમ ગાડી હંકારીને ભાગી ગયેલ ઈસમની ગણતરીના કલાકોમાં ધરપકડ કરતી બોડકદેવ પોલીસ સ્ટેશન અમદાવાદ @sanghaviharsh @GujaratPolice #AhmedabadPolice pic.twitter.com/VEPyjkxO4D The incident occurred during a special police operation in Ahmedabad on Saturday night. Officials reported that the driver posed a serious threat when he attempted to run his vehicle at the officers who were trying to stop him. Following his arrest, the driver was charged under the Gujarat Police Act. ALSO READ: On This Day: India Suffered Heart-breaking Defeat Against Australia In ODI World Cup 2023 Final, Fans Recall Horror Of November 19 In separate news, a major road connecting Ahmedabad to the Vadodara-Vadodara Expressway will remain closed for two years due to the construction of a flyover by the Vadodara Municipal Corporation. The closure affects the road from Dumad bridge to Amit Nagar junction via the Abacus traffic circle. Light motor vehicles will use alternate routes via Sama-Chhani canal road, Vishwakarma circle, and Mangal Pandey Road. Heavy vehicles will be diverted through Dumad bridge to Golden bridge, Harni Road and Manek Park Circle, among other routes. The closure starts from November 22.
BIG TEN THIS WEEKSyrian President Bashar al-Assad oversaw a merciless crackdown on a pro-democracy revolt that morphed into one of the bloodiest wars of the century. After facing down nationwide protests demanding his ouster and an armed rebellion that he all but crushed, he had until this month taken back control of much of Syria in the civil war that began in 2011. Quiet in his demeanour, Assad is a political survivor who for years excelled in his alliance-building with Russia and Iran, and who knew just how to present himself as Syria's only viable leader in the face of the Islamist threat. But since November 27, an Islamist-led rebel offensive has wrested from Assad's control city after city, including Aleppo and Hama for the first time since 2011, leaving his grip on power severely under threat. Assad has cast himself as the protector of Syria's minorities, a bulwark against extremism and the sole possible purveyor of stability for the war-ravaged country. In multiple votes held over the years, conducted solely on government-held territory, he has taken the vast majority of the ballots, amid accusations from Western countries that the wartime elections were neither free nor fair. In appearance, whether in person or in the many portraits of him in the capital Damascus, Assad has typically eschewed military garb, opting instead for a sharp-cut business suit and sober tie. In official meetings, during interviews and even on the frontlines, the 59-year-old ophthalmologist by training conducts himself calmly and can almost appear timid. Behind the facade, however, is an astonishing ability to hold onto power amid multiple waves of violence and transformative change in Syria and the wider region. - 'Shuffle the cards' - One journalist, who met with Assad on several occasions before and after war broke out in 2011, told AFP the president is a "unique and complex figure". "Each time I met him he was calm... even during the most difficult moments of the war," said the journalist, who declined to be named. Assad has "the same qualities" as his father, Hafez al-Assad, who ruled Syria for nearly three decades until his death in 2000, the journalist said. "In politics, it's important to know how to shuffle cards, not just how to arrange them," he added. "Assad has mastered the shuffling game." Hafez al-Assad, head of the Syrian Baath Party, imposed in the country a secretive, paranoid regime where even the slightest suspicion of dissent could land one in jail or worse. Bashar al-Assad was never meant to become president, but his life changed radically when his older brother Bassel, who was being groomed to inherit power, was killed in a road accident in 1994. Bashar quit his studies in ophthalmology and left London, where he had met his wife, Asma, a British-Syrian and Sunni Muslim who worked for financial services firm JP Morgan. Back home, he took a course in military studies and was tutored in politics by his father. When the latter died, Bashar became president by referendum, running unopposed, then winning a second term in 2007. Sworn in at the age of 34, Assad was widely seen by Syrians pining for freedoms as a reformer, who could do away with years of repression and introduce economic liberalisation. In the early days, Assad would be seen driving his own car or having dinner at restaurants with his wife. He relaxed some of the heavy restrictions that existed under his father. - Deadly crackdown - But his initial image as a reformer quickly evaporated as authorities arrested and jailed academics, intellectuals and other members of what was then known as the Damascus Spring movement. When the Arab Spring reached Syria in March 2011, peaceful demonstrations broke out calling for change. Assad, who is also commander-in-chief of the armed forces, responded by ordering a brutal crackdown on the protesters and civil war swiftly ensued. Throughout the war, which has killed more than 500,000 people and displaced half the population, Assad's position has not changed. He has been the subject of countless cartoons by dissident artists depicting him as a killer, not least in the aftermath of the 2013 chemical attacks on rebel bastions around Damascus. A Syrian researcher in Damascus, who asked to speak anonymously over security concerns, said: "Assad's personality played an undeniable role in his survival." His "persistence and rigour" were especially important in helping him "consolidate decision-making powers, and secure the army's full support", he added. Throughout the war, Assad has enjoyed military backing from staunch allies Iran and Russia, who helped him score a string of military victories. Since the start of the Islamist-led rebel offensive on November 27, Assad has echoed his long-held stance that the conflict in Syria is machinated from abroad. "The terrorist escalation reflects the far-reaching goals of dividing the region and fragmenting the countries in it and redraw the map in line with the objectives of the United States and the West," Assad said on Monday. He is the father of three children. His wife, Asma, was dubbed a "rose in the desert" by Vogue magazine before the revolt. bur/ser/jhbShowdown: Party leaders arrive at RTÉ studios for final debate ahead of election
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Borussia Dortmund 2-3 Barcelona: Hansi Flick's side hand hosts their first home defeat of the seasonThe United States, China, and the United Kingdom are the countries most prepared to foster AI, according to a new report by the Stanford Institute for Human-Centered AI. Stanford HAI’s Global Vibrancy Tool analyzed research papers, private investments, patents, and infrastructure to determine the rankings. Drawing data from 36 countries, it combined 42 AI-specific indicators to deliver a comprehensive and quantitative assessment of global AI leadership. “AI has increased as a topic of national interest for countries across the globe, and correspondingly narratives about which countries lead in AI have become more prominent than ever,” Nestor Maslej, the AI Index project manager, said in a press release . Top 10 countries for AI readiness According to Stanford researchers, the countries leading in AI development are: United States China United Kingdom India United Arab Emirates France South Korea Germany Japan Singapore Countries with government support for AI sit at the top of the list The index divided its analysis into three sub-categories: Innovation Economic competitiveness Policy, governance, and public engagement These subcategories allowed for additional theories about how AI innovation can be fostered. For example, countries farther down the innovation index had scores closer together to one another than the wider gaps in the top three. This suggests that “modest investments in AI capacity could lead to substantial shifts in rankings,” the report stated. Additionally, Stanford HAI highlighted that making AI “a political priority” likely affects the speed at which a country builds AI readiness. For example, the United Arab Emirates’s investment in research institutions helped it achieve its fifth-place ranking. The U.S. has the world’s most robust AI ecosystem and has set itself apart from the other “superpower” noted in the report: China. For example, the U.S. scored 70 on the weighted index calculation , while China followed at 40. The U.S. also saw significantly more private investment in AI ($67.2 billion) than China ($7.8 billion). Overall, the U.S. leads in: Notable machine learning models Private investment in AI AI-related job postings Newly funded AI startups AI-related mergers and acquisitions. “The [U.S.’s] strengths lie in its robust R&D ecosystem, advanced infrastructure, and active policy and governance frameworks,” according to the report. However, China has the most AI-related patents. “China’s focus on developing cutting-edge AI technologies and increasing its R&D investments has positioned it as a major AI powerhouse,” the report stated. Elsewhere, the United Kingdom , sitting in third place, was notable for hosting the first AI safety summit in 2023. SEE: Australia’s AI industry strength may be creating, implementing, and interpreting AI use policies . The AI Global Vibrancy tool can be adjusted to explore different factors The project isn’t just a static report but a tool intended to “encourage improvements in AI-related data collection efforts,” said Vanessa Parli, director of research at Stanford HAI. Business leaders can adjust weights and assign custom values to indicators on the Global AI Vibrancy Ranking tool . “We are optimistic that the tool will encourage improvements in AI-related data collection efforts,” Parli said in the press release. “In fact, we are crossing our fingers that the tool can open the door to new data-driven collaborations between HAI and countries across the world.” The index aims to measure where resources should be located, how policies should be developed , and how investments should be steered.
It looked like a recipe for disaster. So, when his country's swimmers were being accused of doping earlier this year, one Chinese official cooked up something fast. He blamed it on contaminated noodles. In fact, he argued, it could have been a culinary conspiracy concocted by criminals, whose actions led to the cooking wine used to prepare the noodles being laced with a banned heart drug that found its way into an athlete's system. This theory was spelled out to international anti-doping officials during a meeting and, after weeks of wrangling, finally made it into the thousands of pages of data handed over to the lawyer who investigated the case involving 23 Chinese swimmers who had tested positive for that same drug. The attorney, appointed by the World Anti-Doping Agency, refused to consider that scenario as he sifted through the evidence. In spelling out his reasoning, lawyer Eric Cottier paid heed to the half-baked nature of the theory. "The Investigator considers this scenario, which he has described in the conditional tense, to be possible, no less, no more," Cottier wrote. Even without the contaminated-noodles theory, Cottier found problems with the way WADA and the Chinese handled the case but ultimately determined WADA had acted reasonably in not appealing China's conclusion that its athletes had been inadvertently contaminated. Critics of the way the China case was handled can't help but wonder if a wider exploration of the noodle theory, details of which were discovered by The Associated Press via notes and emails from after the meeting where it was delivered, might have lent a different flavor to Cottier's conclusions. "There are more story twists to the ways the Chinese explain the TMZ case than a James Bond movie," said Rob Koehler, the director general of the advocacy group Global Athlete. "And all of it is complete fiction." In April, reporting from the New York Times and the German broadcaster ARD revealed that the 23 Chinese swimmers had tested positive for the banned heart medication trimetazidine, also known as TMZ. China's anti-doping agency determined the athletes had been contaminated, and so, did not sanction them. WADA accepted that explanation, did not press the case further, and China was never made to deliver a public notice about the "no-fault findings," as is often seen in similar cases. The stock explanation for the contamination was that traces of TMZ were found in the kitchen of a hotel where the swimmers were staying. In his 58-page report, Cottier relayed some suspicions about the feasibility of that chain of events — noting that WADA's chief scientist "saw no other solution than to accept it, even if he continued to have doubts about the reality of contamination as described by the Chinese authorities." But without evidence to support pursuing the case, and with the chance of winning an appeal at almost nil, Cottier determined WADA's "decision not to appeal appears indisputably reasonable." A mystery remained: How did those traces of TMZ get into the kitchen? Shortly after the doping positives were revealed, the Institute of National Anti-Doping Organizations held a meeting on April 30 where it heard from the leader of China's agency, Li Zhiquan. Li's presentation was mostly filled with the same talking points that have been delivered throughout the saga — that the positive tests resulted from contamination from the kitchen. But he expanded on one way the kitchen might have become contaminated, harkening to another case in China involving a low-level TMZ positive. A pharmaceutical factory, he explained, had used industrial alcohol in the distillation process for producing TMZ. The industrial alcohol laced with the drug "then entered the market through illegal channels," he said. The alcohol "was re-used by the perpetrators to process and produce cooking wine, which is an important seasoning used locally to make beef noodles," Li said. "The contaminated beef noodles were consumed by that athlete, resulting in an extremely low concentration of TMZ in the positive sample. "The wrongdoers involved have been brought to justice." This new information raised eyebrows among the anti-doping leaders listening to Li's report. So much so that over the next month, several emails ensued to make sure the details about the noodles and wine made their way to WADA lawyers, who could then pass it onto Cottier. Eventually, Li did pass on the information to WADA general counsel Ross Wenzel and, just to be sure, one of the anti-doping leaders forwarded it, as well, according to the emails seen by the AP. All this came with Li's request that the noodles story be kept confidential. Turns out, it made it into Cottier's report, though he took the information with a grain of salt. "Indeed, giving it more attention would have required it to be documented, then scientifically verified and validated," he wrote. Neither Wenzel nor officials at the Chinese anti-doping agency returned messages from AP asking about the noodles conspiracy and the other athlete who Li suggested had been contaminated by them. Meanwhile, 11 of the swimmers who originally tested positive competed at the Paris Games earlier this year in a meet held under the cloud of the Chinese doping case. Though WADA considers the case closed, Koehler and others point to situations like this as one of many reasons that an investigation by someone other than Cottier, who was hired by WADA, is still needed. "It gives the appearance that people are just making things up as they go along on this, and hoping the story just goes away," Koehler said. "Which clearly it has not." Get local news delivered to your inbox!Amorim enjoyed the perfect start when Marcus Rashford poked the visitors ahead after 81 seconds at Portman Road following excellent play by makeshift right wing-back Amad Diallo. The 39-year-old would have expected United to kick on, but the opposite occurred as Ipswich roared back and claimed a deserved leveller via Omari Hutchinson’s deflected 43rd-minute strike. In the end the visitors were indebted to goalkeeper Andre Onana, who produced two outstanding saves either side of half-time to deny Liam Delap from close-range and ensure they did not taste defeat on Amorim’s big day. While the former Sporting Lisbon boss was happy with the effort of his players, especially in his favoured 3-4-3 system for the first time, he provided a damning assessment of their immediate prospects. “It is hard to expect anything now. It is like not a surprise but you have to see it in the game. That is why I was a little bit anxious, because you cannot understand what will happen in the game. I felt that,” Amorim reflected. “What I understood today is that they are trying, they are really trying. They stay in the positions, they receive information and they try to use it in the game. That is very important. “Even in the difficult moments, I felt they were doing the things we said for them to do. “I know it is frustrating for the fans, but we are changing so much in this moment with a lot of games. We are going to suffer for a long period and we will try to win games. This will take time, but I know we have to win games. “We could lose if it was not (for) Onana. We have to understand that and think and be pragmatic that these guys had two days training to change so much.” The early big calls by Amorim paid off as Diallo, in an unorthodox wing-back role, burst forward past Jens Cajuste’s lunging tackle and set up Rashford, who had been preferred down the middle over Rasmus Hojlund. Something to build on for Ruben's Reds 🧱 #MUFC || #IPSMUN pic.twitter.com/GuzuP6KrHW — Manchester United (@ManUtd) November 24, 2024 Christian Eriksen fizzed an effort wide soon after but Ipswich enjoyed the better of the first half and after Onana produced a miraculous save to deny Delap – following a Leif Davis pass – Town got their reward when Hutchinson turned Casemiro and his left-footed strike deflected in off Noussair Mazraoui. A frantic start to the second period, where Onana denied Delap again after he produced a back flick to Wes Burns’ cross, was followed by a lull before late chances for both teams were squandered as it finished all square in Suffolk. Amorim added: “We started very well but then we should have more possession with the ball. “When we make a new structure and you are so clear on that, they need time to have some fluidity in the game. I felt that but it is two trainings (sessions after the international break) and they did OK.” What also left an impression on Amorim was a buoyant Portman Road. “The atmosphere, you are lucky guys,” he said with a smile. “You have the best, by far, the best league in the world and you see this every weekend, but to tell you the truth, when the game started, it is the same thing since the (Portuguese) third division, I am so focused on the game and I am playing with my players inside the pitch.” Ipswich boss Kieran McKenna, who used to manage United’s Under-18s side, felt his newly-promoted team could have beat his old club and paid tribute to Onana’s sensational two saves to deny Delap. “I thought it was his head to be honest, but if he’s saved that from that range, it’s an incredible save,” McKenna admitted. 🗣️ "Lots of good things and another point." Kieran McKenna's full interview following #IPSMUN is now available on TownTV. ⤵️ — IPSWICH TOWN (@IpswichTown) November 24, 2024 “The save in the second half was probably a big one. I’ve not seen it back but that was maybe the clearest chance in the second half, so that’s a really good save. “We probably had the better chances, but it was an even game. “We certainly felt we could have won it but there is big positives in how we played.”
AIoT enables smart devices to not only collect and exchange data but also process and analyse it in real-time Edge-as-a-Service (EaaS) offers a list of comprehensive solutions, providing the tools and infrastructure necessary to strengthen data protection in AIoT environments Deploying AIoT at the edge offers operational benefits but adds security challenges As the convergence of artificial intelligence (AI) and the Internet of Things (IoT) transforms industries, the Artificial Intelligence of things (AIoT) is emerging as a game-changing technological advancement . AIoT enables smart devices to not only collect and exchange data but also process and analyse it in real-time, leading to better decision-making across applications such as smart cities, industrial automation, and healthcare. A significant enabler of this technology is edge computing, which allows data to be processed closer to its source, reducing latency and bandwidth usage. However, this growing adoption of AIoT at the edge introduces critical security challenges. To address these, Edge-as-a-Service (EaaS) offers a list of comprehensive solutions, providing the tools and infrastructure necessary to strengthen data protection in AIoT environments. AIoT integrates the power of artificial intelligence with IoT devices, enabling real-time data analysis and intelligent automation. This convergence allows devices to make decisions autonomously, streamlining processes in various industries. For example, in smart cities, AIoT can optimise traffic flow, reduce energy consumption, and improve public safety. In industrial automation, AIoT systems can predict equipment failures and optimise production lines, while in healthcare, wearable devices and smart medical systems monitor patients in real-time, alerting medical professionals to potential health risks. Edge computing, on the other hand, refers to the practice of processing data closer to the point of origin rather than relying solely on centralised cloud infrastructure. By moving data processing to the edge, companies can reduce latency and bandwidth consumption while enabling faster decision-making. However, this decentralised model also increases the complexity of securing these systems. While AIoT offers immense benefits, the deployment of these solutions at the edge presents significant security risks. One of the primary concerns is data breaches. Edge devices often process sensitive information locally, making them susceptible to unauthorised access. In fact, according to a report by Keyfactor and Vanson Bourne , 69% of companies reported increase in data breach and cyberattacks in the past three years, further highlighting this concern. Another major risk is cyberattacks. With edge computing’s distributed architecture, each connected device becomes a potential entry point for attackers. This expanded attack surface makes it easier for cybercriminals to exploit vulnerabilities. Insider threats also pose challenges. As the number of edge devices grows, it becomes increasingly difficult to manage and monitor security, creating opportunities for malicious insiders to compromise systems. Additionally, device compromise is a risk, as AIoT devices located in remote or unsecured areas can be physically tampered with or hacked. High-profile cases, such as the Mirai botnet attack , in which millions of IoT devices were hijacked to launch a massive DDoS attack, illustrate the potential dangers. Edge-as-a-Service (EaaS) is an emerging solution that simplifies the deployment, management, and security of edge infrastructure. EaaS allows businesses to outsource the complexity of managing their edge environments to specialised providers who offer built-in security frameworks designed to address the unique challenges of edge computing. One of the key benefits of EaaS is encryption, which ensures that data is protected both in transit and at rest. This reduces the risk of data breaches by preventing unauthorised parties from accessing sensitive information. EaaS also incorporates access control mechanisms, such as secure authentication and authorisation, ensuring that only authorised users and devices can interact with the system. EaaS enhances security through zero-trust architecture, continuously verifying users and devices to prevent unauthorised access. It also offers real-time monitoring, AI-driven threat detection, and automated patch management, ensuring edge devices stay updated and secure. EaaS enhances data protection in AIoT systems by providing continuous monitoring, ensuring rapid identification and response to potential security threats. In addition, EaaS services offer automated software updates and patches, ensuring that vulnerabilities are addressed as soon as they are identified. This reduces the risk of security breaches caused by outdated software. EaaS also leverages AI-powered anomaly detection, which can identify unusual activity or deviations from normal patterns that may indicate a security breach. This proactive approach to security allows businesses to respond to threats more effectively, minimising potential damage. As AIoT deployments continue to grow, the importance of security will only intensify. EaaS will play a critical role in ensuring that AIoT systems remain secure as they scale across industries. The demand for robust security measures will likely increase, with EaaS providers leading the charge in offering scalable, secure, and cost-effective solutions. Regulatory compliance will also play a key role in shaping the future of AIoT security. As data protection laws such as GDPR and CCPA evolve, businesses will need to ensure that their AIoT systems comply with these regulations. EaaS providers will be instrumental in helping companies navigate these complex requirements. Deploying AIoT at the edge offers operational benefits but adds security challenges. EaaS addresses these risks with encryption, real-time monitoring, and Zero-Trust architecture, ensuring secure, scalable deployments. Businesses that adopt EaaS will be better equipped to succeed as AIoT adoption grows. Step up your startup journey with BHASKAR! From resources to networking, BHASKAR connects Indian innovators with everything they need to succeed. Join today to access a platform built for innovation, growth, and community.Vandals get bye in FCS playoffs, will play at home Dec. 7Singh won't support Conservative non-confidence motion that uses his own words
TORONTO — Canada's main stock index eked out a gain Friday as a rise in tech stocks helped outweigh losses in energy, while U.S. markets were mixed after employment reports on both sides of the border. The S&P/TSX composite index closed up 11.76 points at 25,691.80. In New York, the Dow Jones industrial average was down 123.19 points at 44,642.52. The S&P 500 index was up 15.16 points at 6,090.27, reaching another all-time high, while the Nasdaq composite was up 159.05 points at 19,859.77, another record. Both Canada and the U.S. got fresh jobs data on Friday, but the two reports painted very different pictures, said Pierre-Benoît Gauthier, vice-president of investment strategy at IG Wealth Management. U.S. employers hired more than expected last month but the unemployment rate also ticked higher to 4.2 per cent. “This report was just good enough,” said Gauthier — not too weak, but also not too strong. The report sealed expectations that the U.S. Federal Reserve will announce a quarter-percentage-point interest rate cut later in December, said Gauthier. It shows the economy continues to handle higher rates well, he added. In Canada, the economy added 51,000 jobs in November, while the unemployment rate jumped to 6.8 per cent. The jobs number was undermined by the fact the gain was mainly public-sector hiring, said Gauthier. “The federal government creating jobs is in no way, shape or form an indication of the strength of the Canadian economy,” he said. The Bank of Canada is set to cut next week, and Gauthier thinks it could be an outsized half-percentage-point cut. “The rate cuts here cannot come fast enough,” he said. But the Bank of Canada will need to keep an eye on the increasing differential between rates in the U.S. and Canada, he added, which could put further downward pressure on the already weak Canadian dollar. “The Bank of Canada will be stuck between a rock and a hard place, because at some point they'll still have to defend the Canadian dollar," he said. A lower Canadian dollar could also result in some inflation as imports from the U.S. cost more. The Canadian dollar traded for 70.74 cents US compared with 71.24 cents US on Thursday. The January crude oil contract was down US$1.10 at US$67.20 per barrel and the January natural gas contract was essentially unchanged at US$3.08 per mmBTU. The February gold contract was up US$11.20 at US$2,659.60 an ounce and the March copper contract was up a penny at US$4.20 a pound. — With files from The Associated Press This report by The Canadian Press was first published Dec. 6, 2024. Companies in this story: (TSX:GSPTSE, TSX:CADUSD) Rosa Saba, The Canadian PressHarte hanks director Bradley Radoff buys over $100k in stockCarolina Panthers tight end Ja'Tavion Sanders was taken to a hospital for a neck injury after landing on his head while making a catch late in the first half of Sunday's 30-27 home loss to the Kansas City Chiefs. As Sanders was brought down near the sideline after a 10-yard reception, he was flipped upside down and landed directly on the top of his helmet as he went out of bounds on the tackle by cornerback Trent McDuffie. After receiving attention from the team's medical staff, Sanders was strapped to a backboard and taken off the field on a cart with 40 seconds remaining in the half. He was taken to Atrium Health Carolinas Medical Center in Charlotte for observation and later released Sunday afternoon, according to the team. On the CBS broadcast following halftime, Panthers head coach Dave Canales said Sanders had movement in all his extremities, while extreme precaution was taken because of back tightness. CBS reported he was being examined for a concussion before later amending that to a neck injury. The 21-year-old rookie out of Texas had a team-leading three receptions for the Panthers at the half for 49 yards. In 11 games this season, Sanders has 29 receptions for 302 yards and a touchdown. Sanders was a fourth-round selection in the NFL draft in April. --Field Level Media
SANTA CLARA, Calif. , Dec. 3, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today reported financial results for the third quarter of fiscal year 2025. Net revenue for the third quarter of fiscal 2025 was $1.516 billion , $66 .0 million above the mid-point of the Company's guidance provided on August 29, 2024 . GAAP net loss for the third quarter of fiscal 2025 was $(676.3) million, or $(0.78) per diluted share. Non-GAAP net income for the third quarter of fiscal 2025 was $373 .0 million, or $0.43 per diluted share. Cash flow from operations for the third quarter was $536.3 million . "Marvell's fiscal third quarter 2025 revenue grew 19% sequentially, well above the mid-point of our guidance, driven by strong demand from AI. For the fourth quarter, we are forecasting another 19% sequential revenue growth at the midpoint of guidance, while year-over-year, we expect revenue growth to accelerate significantly to 26%, marking the beginning of a new era of growth for Marvell," said Matt Murphy , Marvell's Chairman and CEO. "The exceptional performance in the third quarter, and our strong forecast for the fourth quarter, are primarily driven by our custom AI silicon programs, which are now in volume production, further augmented by robust ongoing demand from cloud customers for our market-leading interconnect products. We look forward to a strong finish to this fiscal year and expect substantial momentum to continue in fiscal 2026." Fourth Quarter of Fiscal 2025 Financial Outlook GAAP diluted EPS is calculated using basic weighted-average shares outstanding when there is a GAAP net loss, and calculated using diluted weighted-average shares outstanding when there is a GAAP net income. Non-GAAP diluted EPS is calculated using diluted weighted-average shares outstanding. Conference Call Marvell will conduct a conference call on Tuesday, December 3, 2024 at 1:45 p.m. Pacific Time to discuss results for the third quarter of fiscal year 2025. Interested parties may join the conference call without operator assistance by registering and entering their phone number at https://emportal.ink/4fngg8m to receive an instant automated call back. To join the call with operator assistance, please dial 1-800-836-8184 or 1-646-357-8785. The call will be webcast and can be accessed at the Marvell Investor Relations website at http://investor.marvell.com/ . A replay of the call can be accessed by dialing 1-888-660-6345 or 1-646-517-4150, passcode 47973# until Tuesday, December 10, 2024 . Discussion of Non-GAAP Financial Measures Non-GAAP financial measures exclude the effect of stock-based compensation expense, amortization of acquired intangible assets, acquisition and divestiture-related costs, restructuring and other related charges (including, but not limited to, asset impairment charges, recognition of future contractual obligations, employee severance costs, and facilities related charges), resolution of legal matters, and certain expenses and benefits that are driven primarily by discrete events that management does not consider to be directly related to Marvell's core business. Although Marvell excludes the amortization of all acquired intangible assets from these non-GAAP financial measures, management believes that it is important for investors to understand that such intangible assets were recorded as part of purchase price accounting arising from acquisitions, and that such amortization of intangible assets that relate to past acquisitions will recur in future periods until such intangible assets have been fully amortized. Investors should note that the use of intangible assets contributed to Marvell's revenues earned during the periods presented and are expected to contribute to Marvell's future period revenues as well. Marvell uses a non-GAAP tax rate to compute the non-GAAP tax provision. This non-GAAP tax rate is based on Marvell's estimated annual GAAP income tax forecast, adjusted to account for items excluded from Marvell's non-GAAP income, as well as the effects of significant non-recurring and period specific tax items which vary in size and frequency, and excludes tax deductions and benefits from acquired tax loss and credit carryforwards and changes in valuation allowance on acquired deferred tax assets. Marvell's non-GAAP tax rate is determined on an annual basis and may be adjusted during the year to take into account events that may materially affect the non-GAAP tax rate such as tax law changes; acquisitions; significant changes in Marvell's geographic mix of revenue and expenses; or changes to Marvell's corporate structure. For the third quarter of fiscal 2025, a non-GAAP tax rate of 7.0% has been applied to the non-GAAP financial results. Marvell believes that the presentation of non-GAAP financial measures provides important supplemental information to management and investors regarding financial and business trends relating to Marvell's financial condition and results of operations. While Marvell uses non-GAAP financial measures as a tool to enhance its understanding of certain aspects of its financial performance, Marvell does not consider these measures to be a substitute for, or superior to, financial measures calculated in accordance with GAAP. Consistent with this approach, Marvell believes that disclosing non-GAAP financial measures to the readers of its financial statements provides such readers with useful supplemental data that, while not a substitute for GAAP financial measures, allows for greater transparency in the review of its financial and operational performance. Externally, management believes that investors may find Marvell's non-GAAP financial measures useful in their assessment of Marvell's operating performance and the valuation of Marvell. Internally, Marvell's non-GAAP financial measures are used in the following areas: Non-GAAP financial measures have limitations in that they do not reflect all of the costs associated with the operations of Marvell's business as determined in accordance with GAAP. As a result, you should not consider these measures in isolation or as a substitute for analysis of Marvell's results as reported under GAAP. The exclusion of the above items from our GAAP financial metrics does not necessarily mean that these costs are unusual or infrequent. Forward-Looking Statements under the Private Securities Litigation Reform Act of 1995 This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), which are subject to the "safe harbor" created by those sections. These statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results to differ materially from those implied by the forward-looking statements. Words such as "anticipates," "expects," "intends," "plans," "projects," "believes," "seeks," "estimates," "forecasts," "targets," "may," "can," "will," "would" and similar expressions identify such forward-looking statements. Forward-looking statements contained in this press release include, but are not limited to, the statements describing our financial outlook and future period revenues. These statements are not guarantees of results and should not be considered as an indication of future activity or future performance. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties, including, but not limited to: risks related to changes in general macroeconomic conditions, or expectations of such conditions, such as high or rising interest rates, macroeconomic slowdowns, recessions, inflation, and stagflation; risks related to our ability to estimate customer demand and future sales accurately; our ability to define, design, develop and market products for the Cloud, 5G markets, and Artificial Intelligence (AI) markets; risks related to our dependence on a few customers for a significant portion of our revenue, particularly as our major customers comprise an increasing percentage of our revenue, as well as risks related to a significant portion of our sales being concentrated in the data center end market; risks related to higher inventory levels; risks related to cancellations, rescheduling or deferrals of significant customer orders or shipments, as well as the ability of our customers to manage inventory; our ability to realize the expected benefits from restructuring activities; the risk of downturns in the semiconductor industry or our customer end markets; the impact of international conflict (such as the current armed conflicts in the Ukraine and in Israel and the Gaza Strip ) and economic volatility in either domestic or foreign markets including risks related to trade conflicts or tensions, regulations, and tariffs, including but not limited to, trade restrictions imposed on our Chinese customers; our ability to retain and hire key personnel; our ability to limit costs related to defective products; risks related to our debt obligations; risks related to the rapid growth of the Company; delays or increased costs related to completing the design, development, production and introduction of our new products due to a variety of issues, including supply chain cross-dependencies, dependencies on EDA and similar tools, dependencies on the use of third-party, business partner or customer intellectual property, collaboration and synchronization requirements with business partners and customers, requirements to establish new manufacturing, testing, assembly and packing processes, and other issues; our reliance on our manufacturing partners for the manufacture, assembly, testing and packaging of our products; risks related to the ASIC business model which requires us to use third-party IP including the risk that we may lose business or experience reputational harm if third parties, including customers, lose confidence in our ability to protect their IP rights; the risks associated with manufacturing and selling products and customers' products outside of the United States ; our ability to secure design wins from our customers and prospective customers; our ability to complete and realize the anticipated benefits of any acquisitions, divestitures and investments; decreases in gross margin and results of operations in the future due to a number of factors, including high or increasing interest rates and volatility in foreign exchange rates; severe financial hardship or bankruptcy of one or more of our major customers; the effects of transitioning to smaller geometry process technologies; risks related to use of a hybrid work model; the impact of any change in the income tax laws in jurisdictions where we operate and the loss of any beneficial tax treatment that we currently enjoy; the outcome of pending or future litigation and legal and regulatory proceedings; risk related to our Sustainability program; the impact and costs associated with changes in international financial and regulatory conditions; our ability and the ability of our customers to successfully compete in the markets in which we serve; our ability and our customers' ability to develop new and enhanced products and the adoption of those products in the market; supply chain disruptions or component shortages that may impact the production of our products including our kitting process or may impact the price of components which in turn may impact our margins on any impacted products and any constrained availability from other electronic suppliers impacting our customers' ability to ship their products, which in turn may adversely impact our sales to those customers; our ability to scale our operations in response to changes in demand for existing or new products and services; risks associated with acquisition and consolidation activity in the semiconductor industry, including any consolidation of our manufacturing partners; our ability to protect our intellectual property; risks related to the impact of the COVID-19 pandemic (or future pandemics) which have impacted, and for which lingering effects may continue to impact our business, employees and operations, the transportation and manufacturing of our products, and the operations of our customers, distributors, vendors, suppliers, and partners; our maintenance of an effective system of internal controls; financial institution instability; and other risks detailed in our SEC filings from time to time. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties that affect our business described in the "Risk Factors" section of our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and other documents filed by us from time to time with the SEC. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and we assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise. About Marvell To deliver the data infrastructure technology that connects the world, we're building solutions on the most powerful foundation: our partnerships with our customers. Trusted by the world's leading technology companies for over 25 years, we move, store, process and secure the world's data with semiconductor solutions designed for our customers' current needs and future ambitions. Through a process of deep collaboration and transparency, we're ultimately changing the way tomorrow's enterprise, cloud, automotive, and carrier architectures transform—for the better. Marvell ® and the Marvell logo are registered trademarks of Marvell and/or its affiliates. Marvell Technology, Inc. Condensed Consolidated Statements of Operations (Unaudited) (In millions, except per share amounts) Three Months Ended Nine Months Ended November 2, 2024 August 3, 2024 October 28, 2023 November 2, 2024 October 28, 2023 Net revenue $ 1,516.1 $ 1,272.9 $ 1,418.6 $ 3,949.9 $ 4,081.2 Cost of goods sold 1,166.7 685.3 867.4 2,485.1 2,451.7 Gross profit 349.4 587.6 551.2 1,464.8 1,629.5 Operating expenses: Research and development 488.6 486.7 481.1 1,451.4 1,436.6 Selling, general and administrative 205.3 197.3 213.0 602.5 622.0 Restructuring related charges 358.3 4.0 3.4 366.4 105.3 Total operating expenses 1,052.2 688.0 697.5 2,420.3 2,163.9 Operating loss (702.8) (100.4) (146.3) (955.5) (534.4) Interest expense (47.2) (48.4) (52.6) (144.4) (159.1) Interest income and other, net (0.5) 2.6 11.4 5.4 22.1 Interest and other loss, net (47.7) (45.8) (41.2) (139.0) (137.0) Loss before income taxes (750.5) (146.2) (187.5) (1,094.5) (671.4) Provision (benefit) for income taxes (74.2) 47.1 (23.2) (9.3) (130.7) Net loss $ (676.3) $ (193.3) $ (164.3) $ (1,085.2) $ (540.7) Net loss per share — basic $ (0.78) $ (0.22) $ (0.19) $ (1.25) $ (0.63) Net loss per share — diluted $ (0.78) $ (0.22) $ (0.19) $ (1.25) $ (0.63) Weighted-average shares: Basic 865.7 865.7 862.6 865.5 860.1 Diluted 865.7 865.7 862.6 865.5 860.1 Marvell Technology, Inc. Condensed Consolidated Balance Sheets (Unaudited) (In millions) November 2, 2024 February 3, 2024 Assets Current assets: Cash and cash equivalents $ 868.1 $ 950.8 Accounts receivable, net 997.9 1,121.6 Inventories 859.4 864.4 Prepaid expenses and other current assets 91.4 125.9 Total current assets 2,816.8 3,062.7 Property and equipment, net 781.9 756.0 Goodwill 11,586.9 11,586.9 Acquired intangible assets, net 2,957.7 4,004.1 Deferred tax assets 406.5 311.9 Other non-current assets 1,165.8 1,506.9 Total assets $ 19,715.6 $ 21,228.5 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 538.1 $ 411.3 Accrued liabilities 825.2 1,032.9 Accrued employee compensation 270.9 262.7 Short-term debt 129.4 107.3 Total current liabilities 1,763.6 1,814.2 Long-term debt 3,965.5 4,058.6 Other non-current liabilities 613.6 524.3 Total liabilities 6,342.7 6,397.1 Stockholders' equity: Common stock 1.7 1.7 Additional paid-in capital 14,629.0 14,845.3 Accumulated other comprehensive income (loss) (0.3) 1.1 Accumulated deficit (1,257.5) (16.7) Total stockholders' equity 13,372.9 14,831.4 Total liabilities and stockholders' equity $ 19,715.6 $ 21,228.5 Marvell Technology, Inc. Condensed Consolidated Statements of Cash Flows (Unaudited) (In millions) Three Months Ended Nine Months Ended November 2, 2024EDMONTON - The Alberta government has released new wind and solar development rules it says are needed to protect the environment, food security and the province's scenery. Read this article for free: Already have an account? To continue reading, please subscribe: * EDMONTON - The Alberta government has released new wind and solar development rules it says are needed to protect the environment, food security and the province's scenery. Read unlimited articles for free today: Already have an account? EDMONTON – The Alberta government has released new wind and solar development rules it says are needed to protect the environment, food security and the province’s scenery. The regulations say wind projects will no longer be permitted within specified “buffer zones” that encompass much of the Rocky Mountain areas. Wind and non-renewable electricity projects located in other select areas — including around Cypress Hills provincial park and large pockets of southern Alberta — will need to be assessed for their impact on landscape views before possible approval. All non-renewable developers must pony up ahead of time all reclamation costs through a mandatory security or bond either to the province or to private landowners. Renewable energy projects won’t be allowed on top grade agricultural land unless developers can prove the projects can productively coexist with livestock and crops. Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. The regulations give teeth to many policy promises announced earlier this year by Premier Danielle Smith’s government after a seven-month moratorium on new renewable energy projects. This report by The Canadian Press was first publishedDec. 6, 2024. Advertisement
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Pearl Diver Credit Company Inc. Announces Offering of Series A Preferred StockSecond Gatwick runway 'VITAL' for UK growthWASHINGTON (AP) — FBI Director Christopher Wray told bureau workers Wednesday that he plans to resign at the end of President Joe Biden's term in January, an announcement that came a week and a half after President-elect Donald Trump said he would nominate loyalist Kash Patel for the job. Wray said at a town hall meeting that he would be stepping down “after weeks of careful thought,” roughly three years short of the completion of a 10-year term during which he tried to keep the FBI out of politics even as the bureau found itself entangled in a string of explosive investigations, including two that led to separate indictments of Trump last year as well as inquiries into Biden and his son.
4 analysts have shared their evaluations of Sight Sciences SGHT during the recent three months, expressing a mix of bullish and bearish perspectives. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 0 3 0 0 Last 30D 0 0 1 0 0 1M Ago 1 0 1 0 0 2M Ago 0 0 1 0 0 3M Ago 0 0 0 0 0 In the assessment of 12-month price targets, analysts unveil insights for Sight Sciences, presenting an average target of $5.15, a high estimate of $5.50, and a low estimate of $4.60. Observing a downward trend, the current average is 17.86% lower than the prior average price target of $6.27. Breaking Down Analyst Ratings: A Detailed Examination A clear picture of Sight Sciences's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Joanne Wuensch Citigroup Lowers Neutral $4.60 $5.80 Danielle Antalffy UBS Announces Buy $5.50 - Cecilia Furlong Morgan Stanley Lowers Equal-Weight $5.00 $7.00 Matt O'Brien Piper Sandler Lowers Neutral $5.50 $6.00 Key Insights: Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Sight Sciences. This offers insight into analysts' perspectives on the current state of the company. Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Sight Sciences compared to the broader market. Price Targets: Gaining insights, analysts provide estimates for the future value of Sight Sciences's stock. This comparison reveals trends in analysts' expectations over time. Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Sight Sciences's market position. Stay informed and make well-informed decisions with our Ratings Table. Stay up to date on Sight Sciences analyst ratings. If you are interested in following small-cap stock news and performance you can start by tracking it here . Unveiling the Story Behind Sight Sciences Sight Sciences Inc is an ophthalmic medical device company focused on the development and commercialization of surgical and nonsurgical technologies for the treatment of prevalent eye diseases. Its Surgical Glaucoma segment's product portfolio features the OMNI Surgical System, a device that facilitates the performance of both canaloplasty and trabeculotomy with a single device and single corneal incision to reduce intraocular pressure in adult patients with primary open-angle glaucoma. The company's Dry Eye segment's product portfolio consists of the TearCare System for ophthalmologists and optometrists. It derives key revenue from the Surgical Glaucoma segment. A Deep Dive into Sight Sciences's Financials Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity. Positive Revenue Trend: Examining Sight Sciences's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 0.74% as of 30 September, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Health Care sector. Net Margin: Sight Sciences's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -54.9% net margin, the company effectively manages costs and achieves strong profitability. Return on Equity (ROE): Sight Sciences's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -11.26% ROE, the company effectively utilizes shareholder equity capital. Return on Assets (ROA): Sight Sciences's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -7.55%, the company may encounter challenges in delivering satisfactory returns from its assets. Debt Management: Sight Sciences's debt-to-equity ratio is below the industry average at 0.37 , reflecting a lower dependency on debt financing and a more conservative financial approach. The Basics of Analyst Ratings Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks. Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders. Breaking: Wall Street's Next Big Mover Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. Click here for urgent details . 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.No. 9 Kentucky, focused on getting better, welcomes Jackson St.
On Dec. 2 Second Minister for Foreign Affairs, Maliki Osman, attended the Cairo ministerial conference to enhance the humanitarian response in Gaza, hosted by Egypt in Cairo. In his speech, Maliki, who is also Minister in the Prime Minister's Office and Second Minister for Education, said that more is needed to be done to address the dire humanitarian conditions in Gaza. While in Cairo, Maliki also met with the Palestinian prime minister and foreign minister, Mohammed Mustafa, Egypt’s foreign minister, Badr Abdelatty, as well as other foreign dignitaries present at the conference. Humanitarian relief and ceasefire During his conference speech Maliki spoke about Singapore’s concerns about the humanitarian situation in Gaza, its call for an immediate humanitarian ceasefire, and preparations and hopes for the future, should a ceasefire be called. These points were elaborated on during a doorstop interview that the minister held after the conference. During the doorstop, he elaborated on the humanitarian situation, noting that winter was “fast approaching”, and that the people in Gaza would need better shelter and warm clothing, in addition to the already insufficient food and essential supplies. Maliki also noted that this was true for the remaining hostages in Gaza, who were taken hostage during the Oct. 7 2023 attacks on Israel by Hamas more than a year ago. During the doorstop, he reiterated Singapore’s call for an immediate humanitarian ceasefire, and also the immediate, safe, and unconditional release of all remaining hostages. S$18 million for relief efforts During his speech and the doorstop, he said that Singaporeans and the Singapore government had collectively donated more than S$18 million in cash and in-kind donations for relief efforts in Gaza. Maliki had gone to Egypt in November 2023 to hand over the first tranche of that aid, while Foreign Minister Vivian Balakrishnan was present for the handover of the third tranche, which had been accompanied by an aircraft from the RSAF in March 2024. He paid tribute to the various regional partners that had helped Singapore’s relief efforts, such as Egypt, Jordan, the United Arab Emirates, Saudi Arabia, and Cyprus. He also encouraged Singaporeans to continue contributing to fundraising efforts by reputable organisations such as the Rahmatan Lil Alamin Foundation and the Singapore Red Cross. Maliki shared that the conference had spoken not just about raising aid for Gaza, but also the difficult logistics of delivering that aid to Gaza, but also within Gaza. Massive future needs Maliki also spoke about the future. He said that efforts towards a ceasefire were ongoing but difficult, but even should such a ceasefire be achieved, “the future needs of Gaza will be massive”. Singapore stood ready to join the international community “in supporting the Palestinian people as they seek to rebuild their lives” after the ceasefire is reached. Maliki touched on some of the efforts that had been made by Singapore through its Enhanced Technical Assistance Package (ETAP). ETAP supported the Palestinian Authority, which is the governing body that controls the Palestinian territories of the West Bank, and its capacity-building efforts. The programme would be expanded from an annual offering of three postgraduate scholarships in Singapore, to five undergraduate and five postgraduate scholarships, which Singapore hoped would contribute to the PA’s human capital development efforts, in preparation for eventual statehood. 60 years of diplomatic relations Maliki also met several local and foreign dignitaries while in Cairo, including Abdelatty. Abdelatty posted about the meeting on social media, describing Singapore and Egypt diplomatic ties as strong, and that the two friendly nations aspired to celebrate the 60th anniversary of the establishment of diplomatic relations in 2026. He also hoped to advance various areas of bilateral cooperation to broader horizons. Singapore is the fifth largest Asian investor in Egypt, with over US$ 700 million (S$941 million) in investments in the country. Abdelatty reaffirmed Egypt's commitment to enhancing these investments and increasing bilateral trade exchanges. Abdelatty welcomed the continued and enhanced cooperation in the cultural field, particularly the provision of Egyptian expertise to Singaporeans and students at the Al Azhar University, “ supporting efforts to promote the moderate approach to Islam in Singapore”. Meanwhile, the Singapore Cooperation Programme has also trained about 700 Egyptian officials. Maliki also met with the Prime Minister and Foreign Minister of Palestine, the foreign ministers of Bahrain, Jordan, and Lebanon, and Malaysia’s deputy foreign minister. Related stories Top image via Ministry of Foreign Affairs
ETIHAD STADIUM, MANCHESTER — Pep Guardiola ruefully acknowledged that, when your team is in a slump such as the one being endured by his Manchester City players, everyone but you has all the answers. All those trophies count for very little in the immediate post-mortem of a 4-0 hammering at home to Tottenham that means City have lost five games in succession across all competitions and each of their past three in the Premier League . "Listen, when you lose 0-4, all the comments — 'you missed this, you missed that' — can [be true]," he said. "But I don't have the feeling that at 0-1 we reacted really badly or in the second half. "At 0-3, [it] was our best moments until the last moment that we conceded the fourth. I think the team was good, they created the chances and we were there but, unfortunately, we could not do it." MORE: All the latest Man City news | Premier League schedule for 2024/25 | Latest Premier League top scorer rankings This might read as classic self-preservation, circling the wagons at a time of crisis, and no doubt there was an element of that. But Guardiola spoke calmly on Saturday evening, visibly less agitated than he has sometimes been in the aftermath of significant victories. The man who signed another two-year contract extension to remain with City until June 2027 this week was considered and clear-headed. Those are typically good signs. "I'm saying that I trust more than ever with these players," Guardiola said. "I've been here as a football player: you have doubts, you want to win, they are desperate to do it well. They are not 'oh, it doesn't matter'. Absolutely not. I see them every day in the training sessions, how they are focused today in the locker room and the warm-up and after the game, how they feel it. "In these situations, what do you have to to? Keep going, my friends, keep going. We have done it in the past in terms of being not as bad as now in terms of results but we have done it and we face the situation and move forward." A potential problem with this analysis is things are not like they were in the past at Manchester City and treating them as such might compound matters. How does Pep Guardiola deal with a crisis? At moments of danger and doubt, a notable trait of Guardiola's has been to double down, get back to his core principles and pursue them with increased fervour. You can't really argue with the results. When an ageing City squad were struggling with his demands during his first season in English football, he parked trying to find a formation to fit the collective and went back to a Barcelona-style 4-3-3. It meant David Silva and Kevin De Bruyne honed their dual-playmaker roles behind a front line fuelled by Raheem Sterling and Leroy Sane's wing play. City finished third that season and the same creative quartet were irresistible en route to a historic 100-point haul next time around. As Liverpool stormed to glory in the pandemic-interrupted 2019/20 season, Guardiola brought in his great mentor Juanma Lillo as his new assistant. When City were struggling at the start of the following season, Guardiola and Lillo went back to something like their foundational documents: wingers getting paint on their boots, stretching the pitch and darting from outside to in, and a delightful ensemble of playmakers within. This was false-nine City, probably the most fully realised example of Guardiola's vision that won the 2020/21 title and then pipped a formidable Liverpool at the post a year later. After the false-nine era came the truest nine of them all: Erling Haaland, a huge asset to Guardiola but also a puzzle for him to solve. He likes both those things. It wasn't all plain sailing but, on the other side of an explosive mid-season bust-up with Joao Cancelo, City won the treble. Guardiola found the extra midfield body he lost when Haaland joined because John Stones was the best midfielder on show in the UEFA Champions League final from centre-back. However, all approaches have limits and Guardiola's current squad is weaker than those he turned around previously. This is down to poor recruitment over the past two summers as well as the more recent factor of a debilitating injury list. Against Tottenham, Guardiola selected a midfield three of Ilkay Gundogan, Bernardo Silva and Rico Lewis — three players he would probably grow in a laboratory given the chance, who excel in tight spaces, cherish the ball and play with a 360-degree picture in their head. The downside is they're all quite small and quite slow. They share the same weaknesses and limitations. Tottenham blasted through them and passed around them time and again at the weekend. The absence of City's Rodri-less midfield as a duelling force left a defence lacking talismanic leader Ruben Dias frequently exposed. "The present for central defenders when [he was] fit was Rodri. Of course, it is completely different with the other ones, but you have to deal with that," Guardiola said. "That's why you have to deal with a different type of game, with more control and more of these kind of things [duels]. During the season, [injuries] happened, we don't expect to lose important players many times but it's happened and you have to find a way. When we start to lose, I say to the people 'I have to find a way, I have to'. It's my duty, my responsibility to find a way to be more consistent, make our game better and win games. "We have to find other abilities. If we don't have this one [winning duels], you have to find another way to win it. Sometimes, what you don't have for many reasons does not matter, we have to do it in another way. Which players do we have at our disposal? These ones are better than the other ones. Okay, let's go and try to do it with them for the potential, the qualities that we have." Can Man City win without Rodri? Lewis is a teenager who has been shunted a round various roles — a dazzling football education when things are going well but a painfully tough gig over the past month. Gundogan has looked his 34 years since returning from a season at Barcelona. Silva turned 30 at the start of the season and celebrated his birthday with a Community Shield goal against Manchester United. The Portugal international has always relished those games against big rivals but looks like he's running on empty right now. If Guardiola puts out the same midfield configuration at a baying Anfield next week, it would be tantamount to sending three of his favourite pupils to the gallows. Of course, if Guardiola were purely dogmatic, he would not have enjoyed such phenomenal success. There are other ways to go about this than the comfort blanket that was blown away amid Storm Bert on Saturday. His core principles have always been there, but Guardiola has not been shy when it comes to bolting on the physicality demanded at the sharp end of the English game. Kyle Walker looks a forlorn shell of himself right now but will be remembered as one of Guardiola's most important signings. Stones was able to maraud around the Ataturk Olympic Stadium that night against Inter Milan because he was one of four centre-backs on display. Perhaps those post-match glasses of wine with Tony Pulis shortly after Guardiola arrived in England were more than recreational. Dias joined in the aftermath of a 5-2 September 2020 defeat at home to Leicester City — a humiliation unsurpassed in the Guardiola era until this weekend — and added no-nonsense defensive muscle. It's more than a coincidence that the Portugal defender went off injured at halftime during the first game of City's five-match losing run and is yet to return. Then there is the much-lamented Ballon d'Or winner. Rodri plays like one of Guardiola's much-loved La Masia geniuses with the added bonus of having the dimensions of a wardrobe. The Liverpool players they face next will tell you first-hand how much this well-heeled City side has loved a scrap. They just don't look like that right now. Matheus Nunes and youth-team graduate Nico O'Reilly would add badly lacking physicality to the midfield at the expense of Guardiola's over-arching priority of control. James McAtee, restricted to a solitary minute in the Premier League this term despite City's injury woes, could add some verve further forward. It will be fascinating to see what team Guardiola picks for Tuesday's Champions League showdown against Feyenoord, especially if any of the above trio feature. It is also surely time for Kevin De Bruyne and Jack Grealish to return and add personality, presence and quality to the XI. There are places up for grabs and a season to salvage as Guardiola once again looks to strike the right balance between principles and pragmatism.Man City crisis continues as Feyenoord come from three down to draw
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