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In a move that could reshape the social media landscape in the United States, Donald Trump is pressing the U.S. Supreme Court to delay the enactment of a federal law that aims to either ban TikTok or compel its sale. The President-elect contends that he needs time after assuming office to negotiate a political settlement. The case pits TikTok and its Chinese parent company, ByteDance, against U.S. lawmakers who voted in April to outlaw the app unless it is divested by January 19. TikTok is seeking to overturn the legislation, and the Supreme Court has agreed to review the case. A decision against ByteDance could see the app effectively banned from American soil just a day before Trump's planned inauguration. Trump's legal stance highlights the complex intersections of free-speech rights, national security, and foreign policy. Free speech advocates argue that banning TikTok mimics censorship tactics of authoritarian regimes, while the U.S. Justice Department maintains that the app's Chinese ties pose an ongoing security threat. TikTok rebuts such claims, stating that its operations and data management are firmly rooted in the United States. (With inputs from agencies.)After his team's 102-89 home win on Wednesday night over Purdue Fort Wayne, Penn State coach Mike Rhoades challenged his team's fan base to show up and make more noise. "Sweat with us," he said at one point. At 5-0, the Nittany Lions haven't had to sweat much to get off to a fast start. They might not have to expend much perspiration to make it 6-0 on Monday when they meet Fordham in a semifinal matchup at the Sunshine Slam tournament in Daytona Beach, Fla. Penn State hasn't played a strong schedule so far, but the team has been impressive. It's averaging 98.2 points per game and 13.8 steals per game, both of which ranked second in Division I through Saturday's play. The Nittany Lions were seventh per kenpom.com in turnover rate, forcing 25.3 per 100 possessions. Point guard Ace Baldwin Jr. is leading the charge, scoring 16.4 points and dishing out 7.8 assists while chipping in 2.6 steals. Zach Hicks has nearly doubled his scoring average from 8.4 last season to 15.8 this season, while Northern Illinois transfer Yanic Konan Niederhauser has beefed up the interior, tallying 12.2 points and 7.2 rebounds. Meanwhile, Fordham (3-3) is coming off a 73-71 home loss Friday night against Drexel in New York. The Rams blew a seven-point lead early in the second half and missed a chance to force overtime when leading scorer Jackie Johnson III missed a layup as time expired. Johnson, a UNLV transfer, is averaging 19 points per game and is making nearly 48 percent of his shots as one of three Rams with double-figure scoring averages. Jahmere Tripp scores at an 11.0 clip while Japhet Medor is contributed 10.5, but Fordham is struggling to make shots, canning only 41.5 percent from the field. The Rams were picked for a 14th-place finish in the Atlantic 10 despite returning more scoring than any team in the league except for VCU. Third-year coach Keith Urgo thinks his team can defy low external expectations. "We're experienced and I think we're poised to have a tremendous year," he said. --Field Level Media
John Lewis pins its hopes on a bumper Black Friday as it brings back its 'never knowingly undersold' pledge By EMILY HAWKINS Updated: 22:26 GMT, 26 November 2024 e-mail View comments John Lewis is pinning its hopes on a bumper Black Friday after it brought back its ‘never knowingly undersold’ pledge. The department store owner said online searches for its Black Friday deals were up 73 per cent compared to last year thanks to its reintroduction of the historic strapline. This follows a ‘significant surge’ in searches since the decision in September, the firm said. E-commerce director Steve Masterton said: ‘The early signs showing interest in Black Friday are really strong and puts John Lewis as a really key player in that market.’ He expects around 12 online orders per second this weekend – up from four per second on Monday. After cutting 100,000 prices, there has been a ‘big halo’ effect on the company, he said. Pledge: John Lewis said online searches for its Black Friday deals were up 73% thanks to its reintroduction of the ‘never knowingly undersold’ strapline The ‘never knowingly undersold’ pledge was scrapped in August 2022, despite dating back to 1925. Black Friday is an American shopping discount day but has been imported into the UK, with sales starting at the end of November. Operations director Naomi Simcock added: ‘Our ambition is to establish John Lewis as the retailer of choice for Black Friday purchases. ‘We’re optimistic that our combination of outstanding range and seamless customer experience, supported by our modernised “never knowingly undersold” price promise, will help us to achieve this.’ Best-sellers include the £39 patterned wool jumper featured in its Christmas advert and its range RELATED ARTICLES Previous 1 Next Royal Mail edges closer to foreign takeover as Business... Reeves fails the credibility test: One can no longer take... Share this article Share HOW THIS IS MONEY CAN HELP How to choose the best (and cheapest) stocks and shares Isa and the right DIY investing account of towels. Technology is also expected to do well. Chief executive Nish Kankiwala has said ‘the buzz is back’ at the group, which also owns Waitrose. There have been sorely awaited signs of progress in the retailer’s turnaround mission. But this week consumer group Which? accused John Lewis of ‘misleading’ shoppers by exaggerating its Black Friday savings – for example by advertising discounts with a comparable higher price from months ago. Across the entire sector, spending in shops and online is set to be 3 per cent higher than last year’s Black Friday, according to data firm Rendle Insights and Intelligence. But sales slumped 0.7 per cent last month due to speculation over the Budget worrying consumers, the Office for National Statistics (ONS) revealed last week. 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That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence. More top storiesWhy Cam Newton believes WNBA will pass MLB popularity in 20 yearsLumax Resource has completed the acquisition of a 60% stake in Greenfuel Energy Solutions' alternate fuel business for ₹153.09 crore, a statement said on Tuesday. NSE It is the wholly-owned subsidiary of automotive systems and component maker Lumax Auto Technologies Limited (LATL). The move gives Lumax Auto Technologies entry into the green and alternate fuels segment (across CNG, hydrogen and other applications), which is likely to witness strong growth in the coming years, the company said. The acquisition has been funded through a combination of debt and internal accruals, it added. "As the CNG vehicle market is poised for significant growth, particularly in the passenger vehicle segment, we aim to capitalise on this opportunity by delivering high-quality solutions to our customers," said Deepak Jain, Promoter Director of LATL. The company's focus, however, remains on establishing itself as a leading provider of systems and components in the evolving 'alternate fuels' segment to support its sustainable and profitable growth journey, he added. Greenfuel is a supplier of high-pressure fuel delivery and storage systems, primarily for CNG and hydrogen automobiles and fire and smoke alarm, detection and suppression systems for the automotive industry, with OEMs like Maruti Suzuki, Tata Motors and Volvo Eicher Commercial Vehicles as its clients, the company said. This partnership with Greenfuel provides LATL the opportunity to broaden and diversify its portfolio of solutions for automotive OEMs in India. As strategic partners, the management teams of Lumax and Greenfuel will collaborate to harness their respective strengths, unlocking the full potential of the business, it said. Greenfuel's day-to-day business and operations will continue to be managed by its Managing Director and CEO Akshay Kashyap, and the existing professional management team. "This collaboration is poised to deliver significant value for all stakeholders while fostering innovation in the automotive industry and advancing the transition to cleaner, more sustainable mobility solutions," said Kashyap. KPMG Corporate Finance and Grant Thornton acted as the exclusive advisors to LATL and Greenfuel, respectively. Cyril Amarchand Mangaldas acted as the legal counsel to LATL.
Aspiriant LLC grew its holdings in NVIDIA Co. ( NASDAQ:NVDA – Free Report ) by 13.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,958 shares of the computer hardware maker’s stock after acquiring an additional 2,523 shares during the period. Aspiriant LLC’s holdings in NVIDIA were worth $2,667,000 as of its most recent SEC filing. Other hedge funds also recently modified their holdings of the company. Lowe Wealth Advisors LLC acquired a new position in NVIDIA during the 2nd quarter worth $25,000. DHJJ Financial Advisors Ltd. lifted its position in shares of NVIDIA by 1,900.0% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 200 shares of the computer hardware maker’s stock worth $25,000 after purchasing an additional 190 shares during the last quarter. FPC Investment Advisory Inc. bought a new stake in NVIDIA during the 1st quarter valued at approximately $26,000. CGC Financial Services LLC acquired a new stake in NVIDIA in the 2nd quarter valued at approximately $26,000. Finally, Koesten Hirschmann & Crabtree INC. bought a new position in NVIDIA in the 1st quarter worth approximately $27,000. Institutional investors and hedge funds own 65.27% of the company’s stock. Insider Buying and Selling In other NVIDIA news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $116.51, for a total transaction of $524,295.00. Following the completion of the transaction, the insider now owns 492,409 shares in the company, valued at approximately $57,370,572.59. This represents a 0.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link . Also, Director Mark A. Stevens sold 155,000 shares of the business’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $132.27, for a total value of $20,501,850.00. Following the completion of the sale, the director now owns 8,100,117 shares in the company, valued at approximately $1,071,402,475.59. This trade represents a 1.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here . In the last three months, insiders sold 2,156,270 shares of company stock valued at $254,784,327. 4.23% of the stock is owned by corporate insiders. NVIDIA Stock Down 3.2 % NVIDIA ( NASDAQ:NVDA – Get Free Report ) last released its quarterly earnings data on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. The business had revenue of $35.08 billion during the quarter, compared to analysts’ expectations of $33.15 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The firm’s quarterly revenue was up 93.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 EPS. Analysts forecast that NVIDIA Co. will post 2.68 earnings per share for the current year. NVIDIA announced that its board has approved a stock buyback plan on Wednesday, August 28th that permits the company to repurchase $50.00 billion in outstanding shares. This repurchase authorization permits the computer hardware maker to buy up to 1.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued. NVIDIA Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Thursday, December 5th will be given a $0.01 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.04 annualized dividend and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio is presently 1.57%. Analyst Ratings Changes Several equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price objective on NVIDIA from $115.00 to $140.00 and gave the company a “hold” rating in a research report on Thursday. Robert W. Baird raised their price target on shares of NVIDIA from $150.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday. Sanford C. Bernstein upped their price target on NVIDIA from $130.00 to $155.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Citigroup boosted their price target on shares of NVIDIA from $170.00 to $175.00 and gave the company a “buy” rating in a report on Thursday. Finally, Raymond James raised their price objective on shares of NVIDIA from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating, thirty-nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, NVIDIA presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.15. View Our Latest Analysis on NVIDIA NVIDIA Profile ( Free Report ) NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications. See Also Five stocks we like better than NVIDIA Investing in the High PE Growth Stocks Vertiv’s Cool Tech Makes Its Stock Red-Hot Why Special Dividends Can be a Delightful Surprise for Income Investors MarketBeat Week in Review – 11/18 – 11/22 Consumer Discretionary Stocks Explained 2 Finance Stocks With Competitive Advantages You Can’t Ignore Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter .
LUANDA, Angola (AP) — long-delayed trip to Africa had many of the hallmarks of a traditional state visit: There was a 12-shot cannon salute. A series of warm handshakes with Angolan President João Lourenço. Celebratory music. Photo opportunities. But another issue overshadowed the visit. When reporters tried to question the president about why he after repeatedly saying he would not do so, Biden tried to brush aside the questions. He gestured toward Lourenço and laughed, declaring, “Welcome to America.” Biden saluted Lourenço for his efforts to bolster stronger U.S. relations, declared that would shape the world's future and even indulged his love of trains by championing a major railway project that his administration says could change the way the entire continent does business. Some takeaways from the president's visit: (Don't) meet the press Biden offered the joke about America before his meeting with Lourenço, and he answered a question on Tuesday about the political situation in South Korea, saying only that he'd not been briefed — something that was rectified moments later when advisers filled him in on what was happening as the motorcade sped away from a site where he'd given a speech. Other than that, Biden went the entire trip, which began Sunday night and included two brief stopovers in Cape Verde in addition to Angola, dodging reporters. He did similar during last month's . Biden's press secretary tried to explain the pardon decision Since Biden announced his pardon decision shortly before climbing aboard Air Force One bound for Africa, it fell to White House press secretary Karine Jean-Pierre to spend nearly half an hour offering long and awkward answers to uncomfortable questions aboard the aircraft hours later. Biden said in a statement explaining the pardon that, while he believed in the justice system, he also felt that politics had infected the cases against his son and “enough was enough.” Jean-Pierre maintained that he wasn't trying to have it both ways. “I don’t think it’s a contradiction,” she said. “Two things could be true. You can believe in the Department of Justice system, and you could also believe that the process was infected politically.” She also bristled when it was suggested that such complaints about the Department of Justice smacked of President-elect Donald Trump's of federal bureaucrats that he's said for years are out to unfairly undermine him and fellow top Republicans. ‘All in on Africa’ — with time running out During his meeting with Lourenço at the presidential palace, Biden said, and extolled how strong Angolan relations were with Washington. His administration has invested billions in Angola, with the centerpiece being promoting the Lobito Corridor, a vast project to revitalize supply chains by refurbishing 800 miles (1,300 kilometers) of train lines in Angola, Zambia and Congo. Given where Angola was barely a generation ago, the alliance is in many ways remarkable. An oil-rich nation on Africa's southwest coast, Angola achieved independence from Portugal in 1975, but spent subsequent years embroiled in civil war, which often featured proxy fighting between U.S.-backed forces and those allied with the Soviet Union. Even today, the country's red and black flag features a yellow machete and half-cog, an insignia resembling the Soviet hammer and sickle. But Biden leaves office on Jan. 20, and Lourenço, like many leaders of African nations, has already begun suggesting that he's looking toward a Trump-dominated future. Biden administration officials say they're hopeful Trump and top Republicans will continue a business-friendly approach to investing in Africa that includes continuing to support the Lobito Corridor. Now the Africa policy will be up to Trump Biden lauded Lourenço for helping boost his country's relationship with the United States, and he said the youth of Africa would change the world. He also visited the country’s national slavery museum, stressing how Angola and the United States — which were once linked by the horrors of enslaved human beings, now could increasingly be linked by economic opportunity. But if Biden came to Angola hoping to cement his foreign policy legacy in this country and throughout Africa, it will actually fall to Trump — the man he and spent much of 2024 running against before in July — to see it through. ___ Will Weissert, The Associated Press
WILLIAMSPORT, Pa., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Richard A. Grafmyre CFP®, Chief Executive Officer of Penns Woods Bancorp, Inc., (NASDAQ:PWOD) has announced that the Company's Board of Directors declared a fourth quarter 2024 cash dividend of $0.32 per share. The dividend is payable December 23, 2024 to shareholders of record December 10, 2024. About Penns Woods Bancorp, Inc. Penns Woods Bancorp, Inc. is the bank holding company for Jersey Shore State Bank and Luzerne Bank. The banks serve customers in North Central and North Eastern Pennsylvania through their retail banking, commercial banking, mortgage services and financial services divisions. Penns Woods Bancorp, Inc. stock is listed on the NASDAQ National Market under the symbol PWOD. Previous press releases and additional information can be obtained from the company's website at www.pwod.com .
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