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Cantor Fitzgerald Issues Positive Forecast for CrowdStrike (NASDAQ:CRWD) Stock PriceIndiana aims to run its winning streak to five games Friday night when Nebraska welcomes the Hoosiers to Lincoln, Neb. Indiana (8-2, 1-0 Big Ten) has lost the past three meetings with Nebraska after winning seven straight. The Hoosiers are led by center Oumar Ballo, a transfer from Arizona who averages 13.2 points and 9.1 rebounds per game, and forward Malik Reneau (team-best 15.5 points and 6.4 rebounds). Reneau, according to Indiana, is one of five major-conference players to average at least 10 points per game with a field goal percentage of at least 60 and 80 percent from the free-throw line. Off Indiana's 82-67 home win over Minnesota on Monday, head coach Mike Woodson said there are things to work on going forward. "When you get a team down 15, 20 points, you got to remember how you got them down and continue to do the same things that got you the lead," said Woodson, "and I don't think we did that coming down the stretch." Nebraska's best win this season was over then-No. 14 Creighton in an in-state battle last month. But the Cornhuskers (6-2, 0-1) haven't played a very difficult schedule, and were blown out 89-52 by current No. 21 Michigan State on the road last weekend. The Spartans became the first team in 25 games to make more than 50 percent of their shots against Nebraska, so improved defense will be key for the Huskers. Nebraska was also outrebounded 48-19. "That hadn't been us all year, and that was the disappointing thing," coach Fred Hoiberg said. "The physicality of the game in this league ... we're going to see it every night. I've been pleased with how they've responded, but we'll see how they step up to the challenge Friday night." If Nebraska can turn things around on offense, it is 38-2 under Hoiberg when scoring at least 80 points, including 4-0 this season. Brice Williams is Nebraska's leading scorer at 17.5 points per game. Connor Essegian adds 13.0 ppg and shoots 42.6 percent from 3-point range. --Field Level Media
NFL commissioner says Jay-Z rape allegation won't impact Super Bowl halftime show relationshipCalton & Associates Inc. boosted its holdings in Amazon.com, Inc. ( NASDAQ:AMZN – Free Report ) by 120.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,240 shares of the e-commerce giant’s stock after purchasing an additional 8,339 shares during the quarter. Amazon.com accounts for about 1.1% of Calton & Associates Inc.’s portfolio, making the stock its 21st largest holding. Calton & Associates Inc.’s holdings in Amazon.com were worth $2,840,000 at the end of the most recent quarter. A number of other institutional investors have also recently bought and sold shares of AMZN. Zhang Financial LLC grew its position in Amazon.com by 12.9% during the third quarter. Zhang Financial LLC now owns 51,091 shares of the e-commerce giant’s stock worth $9,520,000 after buying an additional 5,828 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Amazon.com by 0.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,847,177 shares of the e-commerce giant’s stock valued at $550,217,000 after acquiring an additional 14,766 shares during the period. GAMMA Investing LLC grew its holdings in shares of Amazon.com by 19.2% during the 3rd quarter. GAMMA Investing LLC now owns 119,205 shares of the e-commerce giant’s stock worth $22,211,000 after purchasing an additional 19,231 shares in the last quarter. Stonekeep Investments LLC bought a new position in shares of Amazon.com in the second quarter worth $2,588,000. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its stake in Amazon.com by 164.1% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,053,958 shares of the e-commerce giant’s stock valued at $203,677,000 after purchasing an additional 654,908 shares in the last quarter. Institutional investors own 72.20% of the company’s stock. Amazon.com Stock Down 0.6 % Shares of NASDAQ AMZN opened at $197.12 on Friday. The company’s 50 day moving average price is $193.00 and its 200-day moving average price is $186.31. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a 52-week low of $142.81 and a 52-week high of $215.90. The company has a market capitalization of $2.07 trillion, a P/E ratio of 42.21, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14. Wall Street Analyst Weigh In AMZN has been the topic of a number of analyst reports. Evercore ISI increased their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Truist Financial increased their price target on shares of Amazon.com from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Scotiabank boosted their price objective on shares of Amazon.com from $245.00 to $246.00 and gave the company a “sector outperform” rating in a research report on Friday, November 1st. The Goldman Sachs Group upped their target price on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Royal Bank of Canada lifted their price target on Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $235.77. Get Our Latest Research Report on AMZN Insider Activity In other news, Director Jonathan Rubinstein sold 5,004 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the completion of the sale, the director now owns 99,396 shares of the company’s stock, valued at $19,864,290.60. This trade represents a 4.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link . Also, CEO Douglas J. Herrington sold 5,502 shares of Amazon.com stock in a transaction on Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the completion of the sale, the chief executive officer now owns 518,911 shares of the company’s stock, valued at $106,797,072.91. This represents a 1.05 % decrease in their position. The disclosure for this sale can be found here . Insiders have sold 6,011,423 shares of company stock valued at $1,249,093,896 in the last ninety days. 10.80% of the stock is owned by company insiders. Amazon.com Company Profile ( Free Report ) Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content. See Also Five stocks we like better than Amazon.com What is the Euro STOXX 50 Index? Vertiv’s Cool Tech Makes Its Stock Red-Hot 3 Best Fintech Stocks for a Portfolio Boost MarketBeat Week in Review – 11/18 – 11/22 3 Fintech Stocks With Good 2021 Prospects 2 Finance Stocks With Competitive Advantages You Can’t Ignore Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter .UCF coach Gus Malzahn reportedly resigning to take Florida State OC job
Tweet Facebook Mail Never miss a breaking story: The 9News app gives you access to all the latest breaking news from a trusted team of journalists, with custom, localised alerts. Download the 9News App now from the Apple App Store or Google Play Store . Watch key livestreams, from police and emergency service updates to political media conferences. Get localised hour-by-hour weather forecasts, weather warnings and long-range seven-day summaries. Choose what alerts you receive - from breaking news and sport to entertainment and finance. And enable the News Near Me alert feature to receive key local alerts for your neighbourhood. 9NEWS has been covering Australia and the world for more than 60 years so you know it's a source you can rely on. You can follow 9News online, with the 9News app and on social media. (9News) OTHER WAYS TO FOLLOW 9NEWS Livestream our news bulletins: Catch up on any 9News bulletin or watch LIVE on 9Now here . Breaking newsletter: Subscribe to our breaking newsletter here for all the big headlines delivered straight to your inbox. 9News website: You can make the 9News website your home page or bookmark by visiting your browser settings. 9News app: Download from the Apple App Store or Google Play Store . Facebook: 9News Instagram: 9News YouTube: Watch our video content here TikTok: 9NewsARLINGTON, Va., Dec. 12, 2024 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. (Nasdaq: FLNC) ("Fluence” or the "Company”), a global market leader delivering intelligent energy storage, operational services, and asset optimization software, today announced the completion of the previously announced offering of $400.0 million aggregate principal amount of 2.25% convertible senior notes due 2030 (the "Notes”). Fluence also granted the initial purchasers of the Notes an option to purchase, for settlement within a period of 13 days from, and including, the date the Notes are first issued, up to an additional $50.0 million aggregate principal amount of the Notes. The Notes issued on December 12, 2024 include $50.0 million principal amount of Notes issued pursuant to the full exercise by the initial purchasers of their option to purchase additional Notes. The Notes will be senior, unsecured obligations of Fluence, will accrue interest payable semi-annually in arrears and will mature on June 15, 2030, unless earlier repurchased, redeemed or converted. On December 10, 2024, in connection with the pricing of the Notes, the Company entered into privately negotiated capped call transactions (the "base capped call transactions”) with one or more of the initial purchasers and/or their respective affiliates and/or other financial institutions (the "counterparties”). In addition, on December 11, 2024, in connection with the initial purchasers' exercise of their option to purchase additional Notes, the Company entered into additional capped call transactions (the "additional capped call transactions” and, together with the base capped call transactions, (the "capped call transactions") with the counterparties. The capped call transactions cover, subject to customary adjustments, the number of shares of the Company's Class A common stock that will initially underlie the Notes. The cap price of the capped call transactions represents a premium over the last reported sale price of the Company's Class A common stock on the pricing date of the offering of the Notes. The capped call transactions are generally expected to offset the potential dilution to the Class A common stock and/or offset any cash payments the Company is required to make in excess of the principal amount of converted Notes, with such offset subject to a cap, as the case may be, as a result of any conversion of the Notes. In connection with establishing their initial hedge of these capped call transactions, the Company has been advised that the counterparties (i) may enter into various over-the-counter cash-settled derivative transactions with respect to the Class A common stock and/or purchase the Class A common stock in secondary market transactions concurrently with, or shortly after, the pricing of the Notes; and (ii) may enter into or unwind various over-the-counter derivatives and/or purchase the Class A common stock in secondary market transactions following the pricing of the Notes. These activities could have the effect of increasing or preventing a decline in the price of the Class A common stock concurrently with or following the pricing of the Notes and under certain circumstances, could affect the ability to convert the Notes. In addition, we expect that the counterparties may modify or unwind their hedge positions by entering into or unwinding various derivative transactions and/or purchasing or selling the Class A common stock or other securities of the Company in secondary market transactions following the pricing of the Notes and prior to maturity of the Notes (and are likely to do so (x) during any observation period related to a conversion of the Notes or following any redemption or fundamental change repurchase of the Notes, (y) following any other repurchase of the Notes if the Company unwinds a corresponding portion of the capped call transactions in connection with such repurchase and (z) if the Company otherwise unwinds all or a portion of the capped call transactions). The effect, if any, of these transactions and activities on the market price of the Class A common stock or the Notes will depend in part on market conditions and cannot be ascertained at this time, but any of these activities could adversely affect the value of the Class A common stock and the value of the Notes, and potentially the value of the consideration that a noteholder will receive upon the conversion of the Notes and could affect a noteholder's ability to convert the Notes. Fluence used a portion of the net proceeds from the offering to fund the cost of entering into the capped call transactions. Fluence intends to transfer the remaining net proceeds of the offering directly to purchase an intercompany subordinated convertible promissory note issued by Fluence Energy, LLC, the proceeds of which Fluence Energy, LLC intends to use for working capital needs, upgrading one of its battery cell production lines from 305 amp hour cells to 530 amp hour cells, and general corporate purposes. The offer and sale of the Notes and any shares of Class A common stock issuable upon conversion of the Notes have not been, and will not, be registered under the Securities Act or any other securities laws, and the Notes and any such shares cannot be offered or sold except to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration provided by Rule 144A under the Securities Act. This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, the Notes or any shares of Class A common stock issuable upon conversion of the Notes, nor shall there be any sale of the Notes or any such shares, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers of the Notes will be made only by means of a private offering memorandum. About Fluence: Fluence Energy, Inc. (Nasdaq: FLNC) is a global market leader delivering intelligent energy storage and optimization software for renewables and storage. The Company's solutions and operational services are helping to create a more resilient grid and unlock the full potential of renewable portfolios. With gigawatts of projects successfully contracted, deployed and under management across nearly 50 markets, the Company is transforming the way we power our world for a more sustainable future. Cautionary Note Regarding Forward-Looking Statements The statements contained in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In particular, statements regarding the consummation of the offering of the Notes, the consummation of the capped calls transactions, our future results of operations and financial position, operational performance, anticipated growth and business strategy, future revenue recognition and estimated revenues, future capital expenditures and debt service obligations, projected costs, prospects, plans, and objectives of management for future operations, including, among others, statements regarding expected growth and demand for our energy storage solutions, services, and digital application offerings, relationships with new and existing customers and suppliers, introduction of new energy storage solutions, services, and digital application offerings and adoption of such offerings by customers, assumptions relating to the Company's tax receivable agreement, expectations relating to backlog, pipeline, and contracted backlog, current expectations relating to legal proceedings, and anticipated impact and benefits from the Inflation Reduction Act of 2022 and related domestic content guidelines on us and our customers as well as any other proposed or recently enacted legislation, are forward-looking statements. In some cases, you may identify forward-looking statements by terms such as "may,” "will,” "should,” "expects,” "plans,” "anticipates,” "could,” "seeks,” "intends,” "targets,” "projects,” "contemplates,” "grows,” "believes,” "estimates,” "predicts,” "potential”, "commits”, or "continue” or the negative of these terms or other similar expressions. Accordingly, we caution you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, and uncertainties that are difficult to predict. Among those risks and uncertainties are market conditions and the consummation of the offering of the Notes and the consummation of the capped calls transactions. Although we believe that the expectations reflected in these forward-looking statements are reasonable as of the date made, actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. These forward-looking statements are subject to a number of important factors that could cause actual results to differ materially from those in the forward-looking statements, including, but not limited to, our relatively limited operating and revenue history as an independent entity and the nascent clean energy industry; anticipated increasing expenses in the future and our ability to maintain prolonged profitability; fluctuations of our order intake and results of operations across fiscal periods; potential difficulties in maintaining manufacturing capacity and establishing expected mass manufacturing capacity in the future; risks relating to delays, disruptions, and quality control problems in our manufacturing operations; risks relating to quality and quantity of components provided by suppliers; risks relating to our status as a relatively low-volume purchaser as well as from supplier concentration and limited supplier capacity; risks relating to operating as a global company with a global supply chain; changes in the cost and availability of raw materials and underlying components; failure by manufacturers, vendors, and suppliers to use ethical business practices and comply with applicable laws and regulations; significant reduction in pricing or order volume or loss of one or more of our significant customers or their inability to perform under their contracts; risks relating to competition for our offerings and our ability to attract new customers and retain existing customers; ability to maintain and enhance our reputation and brand recognition; ability to effectively manage our recent and future growth and expansion of our business and operations; our growth depends in part on the success of our relationships with third parties; ability to attract and retain highly qualified personnel; risks associated with engineering and construction, utility interconnection, commissioning and installation of our energy storage solutions and products, cost overruns, and delays; risks relating to lengthy sales and installation cycle for our energy storage solutions; risks related to defects, errors, vulnerabilities and/or bugs in our products and technology; risks relating to estimation uncertainty related to our product warranties; fluctuations in currency exchange rates; risks related to our current and planned foreign operations; amounts included in our pipeline and contracted backlog may not result in actual revenue or translate into profits; risks related to acquisitions we have made or that we may pursue; events and incidents relating to storage, delivery, installation, operation, maintenance and shutdowns of our products; risks relating to our impacts to our customer relationships due to events and incidents during the project lifecycle of an energy storage solution; actual or threatened health epidemics, pandemics or similar public health threats; ability to obtain financial assurances for our projects; risks relating to whether renewable energy technologies are suitable for widespread adoption or if sufficient demand for our offerings do not develop or takes longer to develop than we anticipate; estimates on size of our total addressable market; barriers arising from current electric utility industry policies and regulations and any subsequent changes; risks relating to the cost of electricity available from alternative sources; macroeconomic uncertainty and market conditions; risk relating to interest rates or a reduction in the availability of tax equity or project debt capital in the global financial markets and corresponding effects on customers' ability to finance energy storage systems and demand for our energy storage solutions; reduction, elimination, or expiration of government incentives or regulations regarding renewable energy; decline in public acceptance of renewable energy, or delay, prevent, or increase in the cost of customer projects; severe weather events; increased attention to ESG matters; restrictions set forth in our current credit agreement and future debt agreements; uncertain ability to raise additional capital to execute on business opportunities; ability to obtain, maintain and enforce proper protection for our intellectual property, including our technology; threat of lawsuits by third parties alleging intellectual property violations; adequate protection for our trademarks and trade names; ability to enforce our intellectual property rights; risks relating to our patent portfolio; ability to effectively protect data integrity of our technology infrastructure and other business systems; use of open-source software; failure to comply with third party license or technology agreements; inability to license rights to use technologies on reasonable terms; risks relating to compromises, interruptions, or shutdowns of our systems; changes in the global trade environment; potential changes in tax laws or regulations; risks relating to environmental, health, and safety laws and potential obligations, liabilities and costs thereunder; failure to comply with data privacy and data security laws, regulations and industry standards; risks relating to potential future legal proceedings, regulatory disputes, and governmental inquiries; risks related to ownership of our Class A common stock; risks related to us being a "controlled company” within the meaning of the NASDAQ rules; risks relating to the terms of our amended and restated certificate of incorporation and amended and restated bylaws; risks relating to our relationship with our Founders and Continuing Equity Owners; risks relating to conflicts of interest by our officers and directors due to positions with Continuing Equity Owners; risks related to short-seller activists; we depend on distributions from Fluence Energy, LLC to pay our taxes and expenses and Fluence Energy, LLC's ability to make such distributions may be limited or restricted in certain scenarios; risks arising out of the Tax Receivable Agreement; unanticipated changes in effective tax rates or adverse outcomes resulting from examination of tax returns; risks relating to improper and ineffective internal control over reporting to comply with Sarbanes-Oxley Act; risks relating to changes in accounting principles or their applicability to us; risks relating to estimates or judgments relating to our critical accounting policies; and the factors described under the headings Part I, Item 1A. "Risk Factors” and Item 7. "Management's Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the fiscal year ended September 30, 2024. If one or more events related to these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, actual results may differ materially from what we anticipate. Many of the important factors that will determine these results are beyond our ability to control or predict. Accordingly, you should not place undue reliance on any such forward-looking statements. We qualify all forward-looking statements contained in this press release by these cautionary statements. Any forward-looking statement speaks only as of the date on which it is made, and, except as otherwise required by law, we do not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. New factors emerge from time to time, and it is not possible for us to predict which will arise. In addition, we cannot assess the impact of each factor on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Contacts: Analyst Lexington May, Vice President, Finance & Investor Relations +1 713-909-5629 Email: [email protected] Media Email: [email protected]Servicenow's chief commercial officer sells $88,792 in stock
NoneIndiana aims to run its winning streak to five games Friday night when Nebraska welcomes the Hoosiers to Lincoln, Neb. Indiana (8-2, 1-0 Big Ten) has lost the past three meetings with Nebraska after winning seven straight. The Hoosiers are led by center Oumar Ballo, a transfer from Arizona who averages 13.2 points and 9.1 rebounds per game, and forward Malik Reneau (team-best 15.5 points and 6.4 rebounds). Reneau, according to Indiana, is one of five major-conference players to average at least 10 points per game with a field goal percentage of at least 60 and 80 percent from the free-throw line. Off Indiana's 82-67 home win over Minnesota on Monday, head coach Mike Woodson said there are things to work on going forward. "When you get a team down 15, 20 points, you got to remember how you got them down and continue to do the same things that got you the lead," said Woodson, "and I don't think we did that coming down the stretch." Nebraska's best win this season was over then-No. 14 Creighton in an in-state battle last month. But the Cornhuskers (6-2, 0-1) haven't played a very difficult schedule, and were blown out 89-52 by current No. 21 Michigan State on the road last weekend. The Spartans became the first team in 25 games to make more than 50 percent of their shots against Nebraska, so improved defense will be key for the Huskers. Nebraska was also outrebounded 48-19. "That hadn't been us all year, and that was the disappointing thing," coach Fred Hoiberg said. "The physicality of the game in this league ... we're going to see it every night. I've been pleased with how they've responded, but we'll see how they step up to the challenge Friday night." If Nebraska can turn things around on offense, it is 38-2 under Hoiberg when scoring at least 80 points, including 4-0 this season. Brice Williams is Nebraska's leading scorer at 17.5 points per game. Connor Essegian adds 13.0 ppg and shoots 42.6 percent from 3-point range. --Field Level Media
$100 Invested In This Stock 15 Years Ago Would Be Worth This Much Today
COLUMBUS, Ohio (AP) — A fight broke out at midfield after Michigan stunned No. 2 Ohio State 13-10 on Saturday as Wolverines players attempted to plant their flag and were met by Buckeyes who confronted them. Police had to use pepper spray to break up the players, who threw punches and shoves in the melee that overshadowed the rivalry game. Ohio State police said in a statement “multiple officers representing Ohio and Michigan deployed pepper spray.” Ohio State police will investigate the fight, according to the statement. After the Ohio State players confronted their bitter rivals at midfield, defensive end Jack Sawyer grabbed the top of the Wolverines' flag and ripped it off the pole as the brawl moved toward the Michigan bench. Eventually, police officers rushed into the ugly scene. Ohio State coach Ryan Day said he understood the actions of his players. “There are some prideful guys on our team who weren't going to sit back and let that happen,” Day said. The two Ohio State players made available after the game brushed off questions about it. Michigan running back Kalel Mullings, who rushed for 116 yards and a touchdown, didn't like how the Buckeyes players involved themselves in the Wolverines' postgame celebration. He called it “classless.” “For such a great game, you hate to see stuff like that after the game," he said in an on-field interview with Fox Sports. “It’s just bad for the sport, bad for college football. But at the end of the day, you know some people got to — they got to learn how to lose, man. ... We had 60 minutes, we had four quarters, to do all that fighting.” Michigan coach Sherrone Moore said everybody needs to do better. “So much emotions on both sides," he said. "Rivalry games get heated, especially this one. It’s the biggest one in the country, so we got to handle that better.” Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-footballOn Saturday at the legislature,the Edmonton Coalition on Housing and Homelessness along with participants, were calling on the provincial and federal governments to support more social housing in the city. “We are trying to draw attention to the catastrophe of homelessness, that’s utterly unnecessary, we’ve allowed homelessness to grow in this city and in this country by failing to build the housing that people that can’t afford the open market need,” said Jim Gurnett, spokesperson for Edmonton Coalition on Housing and Homelessness. The event also encouraging participants to cover themselves with blankets and tarps in quote. “To show what life is like for the 4000 plus homeless people in the city,” said Gurnett. Despite not intentionally planning to advocate on a snowy Saturday, Gurnett says it demonstrates how winter can impact the city’s homeless population. “We can choose, I can go home from being cold out here for a couple of hours and I can warm up but there’s more than 4000 people that won’t be able to do that today,” said Gurnett. One participant we spoke to say, he has some friends who also experienced some stages of homelessness. “I’ve learned with people just, what the solutions are and the answer is not to funnel more money in the capital accumulation,” said Ryan Kafara, Sociology and History Lecturer at University of Alberta. “We know, there’s more that needs to be done,” said Jason Nixon, Alberta Seniors Community and Social Services Minister. The Alberta government announced Friday, November 22nd, that they would be investing to boost the development of affordable housing in the province. “I am pleased to announce that the Alberta Affordable Housing Partnership Program is opening for the next round of application, with up to 150 million available in funding to support new affordable housing projects in our province,” said Nixon. However, Gurnett isn’t satisfied with the action of the UCP stating it isn’t really enough to address the growing demand for housing. “The amount that they’re investing in social housing isn’t a tenth of what they need to be investing,” said Gurnett. About 60 people attended the event with a donation drive for blankets, tarps and wagons, that were distributed once the event was over.
Children’s Minister Roderic O’Gorman said the party could not buck the trend in Ireland of junior coalition partners in Fine Gael and Fianna Fail governments losing support in subsequent elections. He said they expected to retain two to three seats out of the 12 they had won in the 2020 election on the back of a worldwide “Green wave”. “Undoubtedly it’s a disappointing result for our party today,” Mr O’Gorman told reporters in Ongar, Dublin. “It’s hard for a smaller party in government, that’s long been the tradition, the history in Ireland. We hoped going into the election to buck that but we haven’t been able to buck that today.” Mr O’Gorman, a candidate in Dublin West, is among the outgoing Green Party TDs in a battle to retain their seats. Culture Minister Catherine Martin, who is fighting to remain a Green Party TD for Dublin Rathdown, said it was a “very tight” race in her four-seat constituency. “We go in (to government) not afraid of that because the issue of the climate and biodiversity crisis is (greater) than our survival,” she said on RTE Radio. “I stand over and am proud of our track record of delivery.” Green candidate in Waterford Marc O Cathasaigh said he would not be “in the shake-up” to retain his seat in that constituency, while junior minister Ossian Smyth looks at risk of losing his seat in Dun Laoghaire. Junior minister Joe O’Brien is expected to lose his seat in Dublin Fingal, Neasa Hourigan is at risk in Dublin Central, while Wicklow’s Steven Matthews garnered just 4% of first preferences. Former Green Party leader Eamon Ryan, who announced his retirement from frontline politics in June, said his party had not had a good day. Arriving at the count centre at the RDS in Dublin, the outgoing environment minister told reporters: “If you don’t get elected you accept that, but you come back stronger and you learn lessons, and we’ve done that in the past and we will do that again.” He added: “No matter what the results today there will be a strong Green Party in Ireland, we have deep roots in the community and it’s a very distinct political philosophy and I think there is still space for that in Irish politics, for sure.” Mr Ryan said he did not believe his decision to retire, and the timing of his announcement, had affected the party’s showing. “Unfortunately – and this is just one of those days – we didn’t get the number of votes,” he said. He added: “We’ll look back and see what are the lessons, and what can we learn and what can we do differently. “It’s just one of those days when we didn’t have a good day.
By Tom Hals and Jonathan Stempel WILMINGTON, Delaware (Reuters) -A Delaware judge ruled on Monday that Tesla CEO Elon Musk still is not entitled to receive a $56 billion compensation package despite shareholders of the electric vehicle company voting to reinstate it. The ruling by the judge, Chancellor Kathaleen McCormick of the Court of Chancery, follows her January decision that called the pay package excessive and rescinded it, surprising investors, and cast uncertainty over Musk's future at the world's most valuable carmaker. Musk did not immediately respond to an emailed request for comment. Tesla has said in court filings that the judge should recognize a subsequent June vote by its shareholders in favor of the pay package for Musk, the company's driving force who is responsible for many of its advances, and reinstate his compensation. McCormick said Tesla’s board was not entitled to hit “reset” to restore Musk’s pay package. “Were the court to condone the practice of allowing defeated parties to create new facts for the purpose of revising judgments, lawsuits would become interminable,” she said in her 101-page opinion. She also said Tesla made multiple material misstatements in its proxy statement regarding the vote, and could not claim the vote was a “cure-all” to justify restoring Musk’s pay. “Taken together,” the problems with Tesla’s arguments “pack a powerful punch,” she wrote. Tesla shares fell 1.4% in after hours trade, after the ruling. McCormick also ordered Tesla to pay the attorneys who brought the case $345 million, well short of the $6 billion they initially requested. She said the fee could be paid in cash or Tesla stock. “We are pleased with Chancellor McCormick’s ruling, which declined Tesla’s invitation to inject continued uncertainty into Court proceedings," said a statement from Bernstein Litowitz Berger & Grossmann, one of the three law firms for the plaintiff. The law firm also said it looked forward to defending the court's opinion if Musk and Tesla appealed. Musk and Tesla can appeal to the Delaware Supreme Court as soon as McCormick enters a final order, which could come as soon as this week. The appeal could take a year to play out. After the January ruling, Tesla shareholders flooded the court with thousands of letters arguing that rescinding Musk's pay increased the possibility he would leave Tesla or develop some products like artificial intelligence at ventures other than Tesla. Attorneys for shareholder Richard Tornetta, who sued in 2018 to challenge Musk's compensation package, had argued that Delaware law does not permit a company to use a ratification vote to essentially overturn the ruling from a trial. McCormick in January found that Musk improperly controlled the 2018 board process to negotiate the pay package. The board had said that Musk deserved the package because he hit all the ambitious targets on market value, revenue and profitability. But the judge criticized Tesla's board as "beholden" to Musk, saying the compensation plan was proposed by a board whose members had conflicts of interest due to close personal and financial ties to him. After the January ruling, Musk criticized the judge on his social media platform X and encouraged other companies to follow the lead of Tesla and reincorporate in Texas from Delaware, although it is unclear if any companies did so. The judge in her January ruling called the pay package the "biggest compensation plan ever - an unfathomable sum." It was 33 times larger than the next biggest executive compensation package, which was Musk's 2012 pay plan. As of Monday, the pay package was worth $101.4 billion, according to Equilar, a compensation consulting firm. Musk's 2018 pay package gave him stock grants worth around 1% of Tesla's equity each time the company achieved one of 12 tranches of escalating operational and financial goals. Musk did not receive any guaranteed salary. Tornetta argued that shareholders were not told how easily the goals would be achieved when they voted on the package. (Reporting by Tom Hals in Wilmington, Delaware; Editing by Bill Berkrot)
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Many of us have felt it, and now it's official: "brain rot" is the Oxford dictionaries' word of the year. Oxford University Press said Monday that the evocative phrase "gained new prominence in 2024," with its frequency of use increasing 230% from the year before. Oxford defines brain rot as "the supposed deterioration of a person's mental or intellectual state, especially viewed as the result of overconsumption of material (now particularly online content) considered to be trivial or unchallenging." The word of the year is intended to be "a word or expression that reflects a defining theme from the past 12 months." "Brain rot" was chosen by a combination of public vote and language analysis by Oxford lexicographers. It beat five other finalists: demure, slop, dynamic pricing, romantasy and lore. While it may seem a modern phenomenon, the first recorded use of "brain rot" was by Henry David Thoreau in his 1854 ode to the natural world, "Walden." Oxford Languages President Casper Grathwohl said that in its modern sense, "'brain rot' speaks to one of the perceived dangers of virtual life, and how we are using our free time." "It feels like a rightful next chapter in the cultural conversation about humanity and technology. It's not surprising that so many voters embraced the term, endorsing it as our choice this year," he said. Last year's Oxford word of the year was "rizz," a riff on charisma, used to describe someone's ability to attract or seduce another person. Collins Dictionary's 2024 word of the year is "brat" – the album title that became a summer-living ideal.A London man is facing assault charges following a confrontation in the area of Wharncliffe Road and Oxford Street on Saturday. According to police, at around 1:20 p.m., the man was walking along the roadway when he bumped into a car. The driver tried to talk with him, and the man threw a coffee at the driver before brandishing a knife and threatening the driver. The man then fled the area on a city bus. Police say they located him nearby and arrested him, locating the knife in a search. The 64-year-old man now faces charges of assault with a weapon, and possession of a weapon. Shopping Trends The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop. Read about us. 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These LEGO Kits Are On Sale And Ready To Gift Black Friday May Be Over, But You Can Still Take Advantage Of These Amazing Sales On Amazon Canada It's Officially Travel Tuesday: Here Are The Best Deals On Flights, Hotels, And Vacations London Top Stories Blizzard, snow squall warnings in effect, as much as 80cm possible in some areas Man assaults and disarms police in Hyde Park bank: London police Proposal for nurse practitioners at long term care homes welcome news at Ailsa Craig groundbreaking Experts react to Bank of Canada interest rate cut 'I'd prefer to put security over commerce': Sarnia mayor reacts to potential border spending Local charities split $80K donation from LSTAR London police say pedestrian threw coffee at driver, threatened them with knife, and fled on city bus NEW | Middlesex resident loses $45,000 in crypto-currency scam: OPP CTVNews.ca Top Stories Ontario Premier Doug Ford threatens to cut off energy in response to Trump's tariffs Ontario Premier Doug Ford threatened Wednesday about 'cutting off' energy supply to the U.S. in response to President-elect Donald Trump’s tariff plan on all Canadian imports. Trudeau will have to 'kiss the ring' to achieve smoother bilateral relations with Trump: John Bolton If Prime Minister Justin Trudeau wants to get on U.S. president-elect Donald Trump's good side for the sake of a smooth bilateral relationship, he'll likely have to be openly deferential, says former U.S. National Security Advisor, John Bolton. Elon Musk calls Justin Trudeau 'insufferable tool' in new social media post Billionaire Elon Musk is calling Prime Minister Justin Trudeau 'an insufferable tool' in a new social media post on Wednesday. 'Won't be in power for much longer,' Musk also wrote about the prime minister on 'X.' Banks lower prime rates following Bank of Canada move Canadian financial institutions are lowering their prime lending rates to match the decrease announced by the Bank of Canada. Police locate labyrinth of tunnels connecting tents to generator in Hamilton encampment Hamilton police say that they discovered a series of “man-made holes and tunnels” during a patrol of a downtown encampment earlier this week. Police identify murder victim whose skull was found in Ontario river more than three decades ago Police have identified a man whose skull was found almost 40 years ago in a Peterborough-area river. Certain foods may disrupt your body's fight against cancer cells, study says The food you eat may be affecting your body’s ability to fight cancer cells in the colon, according to a new study. Canada Post strike: Talks deadlocked as sides clash on wages Negotiations between Canada Post and the union representing its workers appear to be in a deadlock as the two sides remain far apart on wages and other issues. Poilievre's Conservatives still in majority territory: Nanos seat projections The Liberals' promise of a temporary GST break and $250 rebate cheques haven't benefited Prime Minister Justin Trudeau and his minority government when it comes to public support, according to Nanos Research data. Kitchener Another blast of winter weather coming our way After a few days of warmer weather, winter is making its return. 140-pound dog strolls solo into Giant Tiger store in Stratford, Ont. A furry, four-legged shopper was spotted in the aisles of a Giant Tiger store in Stratford, Ont. on Sunday morning. Large watermain repair closes stretch of Kitchener road until Friday A large watermain repair has closed a stretch of Strasburg Road in Kitchener. Barrie Blizzard and snow squall warnings issued with hazardous travel expected Prepare for some wicked weather expected to hit the region on Wednesday, with heavy snowfall up to 80 centimetres possible and gusty winds creating dicey travel conditions. Driver speeding 155km/h in posted 80 zone in dense fog charged: OPP A motorist accused of speeding 75 kilometres per hour over the posted limit in the Town of Mono through dense fog will have to explain their actions in court. Modified shotgun, axe and drugs seized from vehicle in Midland parking lot: OPP Two people face charges after a driving complaint in Midland led officers to allegedly find drugs, an axe, baton and a modified shotgun. Windsor Kingsville man dies after crash on Manning Road Essex County OPP say Manning Road is closed after a crash involving a dump truck. $64,000 bank fraud suspect arrested Windsor police say a bank fraud suspect, who was wanted in Windsor, has been arrested in York Region. Invest Windsor-Essex facing major financial deficit Invest Windsor-Essex is facing a big budget cut. Essex County council recently agreed to lower the amount of funding to Invest Windsor-Essex and the City of Windsor is set to do the same. Northern Ontario Sudbury police make big drug bust at apartment connected to assault suspect As Sudbury police continue to investigate Tuesday's assault on Elm Street, a search of the apartment where some of the suspects were found uncovered $135,000 in drugs. Ontario man charged with sex trafficking underage girls from Sudbury, Kingston Two young girls, from Sudbury and Kingston, Ont., were rescued from sex trafficking in the GTA and their suspected abuser has been charged, but police fear there may be more victims. Sudbury family celebrates liberation of their home country of Syria A Syrian family living in Sudbury, Ont., is celebrating a significant political shift in their home country after rebels took over the government. Sault Ste. Marie Ontario man charged with sex trafficking underage girls from Sudbury, Kingston Two young girls, from Sudbury and Kingston, Ont., were rescued from sex trafficking in the GTA and their suspected abuser has been charged, but police fear there may be more victims. Doctor shortage crisis turning into a catastrophe in the north: OMA Northern Ontario doctors are calling on the province to immediately address an acute doctor shortage in northern Ontario. SPONSORED | Is your credit card’s travel insurance enough? When you’re planning a trip, you always want to ensure you have coverage for any unexpected events, whether that’s a medical emergency, needing to cancel a trip at the last-minute (or during the trip!), or even for lost baggage. Many credit cards offer travel insurance as a perk, but do they provide you with enough coverage? Ottawa Council approves 3.9% tax hike in 2025 City of Ottawa budget, hikes senior fares $9 City council has voted to approve the 2025 City of Ottawa budget that will include scaled back fares hikes for seniors and retain youth discount passes while raising taxes across the board for most homeowners. Driver receives $10K in fines for speeding 134 km/h over speed limit on Highway 174 in Ottawa, police say An Ottawa driver faces $10,000 in fines and is banned from driving for two years after being observed going 134 km/h over the speed limit on Highway 174. Canada Post workers rally at headquarters as strike enters fourth week Canada Post workers are continuing their fight for a deal as their strike stretches into its fourth week. Toronto Police locate labyrinth of tunnels connecting tents to generator in Hamilton encampment Hamilton police say that they discovered a series of “man-made holes and tunnels” during a patrol of a downtown encampment earlier this week. Ontario Premier Doug Ford threatens to cut off energy in response to Trump's tariffs Ontario Premier Doug Ford threatened Wednesday about 'cutting off' energy supply to the U.S. in response to President-elect Donald Trump’s tariff plan on all Canadian imports. Police identify murder victim whose skull was found in Ontario river more than three decades ago Police have identified a man whose skull was found almost 40 years ago in a Peterborough-area river. Montreal Montreal billionaire Robert Miller facing new sex charges Montreal billionaire Robert Miller is facing new criminal charges as he waits to go on trial on several sex offences. Amber Alert ends after child, 9, found safe, police say Quebec provincial police have ended the Amber Alert issued earlier on Wednesday for a nine-year-old boy. Montreal plans to turn Molson Brewery site into residential neighbourhood The old industrial Molson Brewery site downtown Montreal will be transformed into a residential neighbourhood with a public park and some 5,000 housing units. Atlantic Officer receives suspension after two Mi'kmaq elver fishers left without boots A federal fisheries officer has been suspended for 10 days without pay for his role in arresting two Mi'kmaq elver fishers late at night and releasing them in only their socked feet. Truro man wanted on provincewide warrant: N.S. RCMP The RCMP is searching for a man from Truro, N.S., who is wanted on a provincewide warrant. Maritime weather: Rainy, windy weather moves through region More rain and wind are ahead for the Maritimes Wednesday through Thursday, with weather warnings in effect for parts of the region. Winnipeg Winnipeggers face 5.95 per cent property tax increase in budget Winnipeggers will be paying more property taxes than expected next year. Manitoba nurse found not criminally responsible for killing parents has licence to practice suspended A Manitoba nurse who was found not criminally responsible for killing his parents and attacking another nurse in a Winnipeg hospital has been suspended from practicing. Woman, 72, dies following crash on Highway 41: RCMP A 72-year-old woman is dead following a crash on an icy Manitoba highway Tuesday morning. Calgary 'Suspicious person' prompts shelter in place at Calgary building, turns out to be RCMP officer Calgary police say an RCMP officer inadvertently prompted a shelter in place order at an Eau Claire office building on Wednesday. Multi-vehicle highway collision in southern Alberta leaves 4 dead, 1 injured Four people are dead following a multi-vehicle crash in southern Alberta on Monday evening. Local art therapist working with marginalized and vulnerable men to help them share their stories Jennifer Seniuk started an initiative called 'My Friend Dave' after meeting up with Dave Lanza at a warming station last winter. Edmonton Pair accused in killing of apartment security guard to spend Christmas in jail A man and a woman charged in the killing of a security guard in Edmonton will spend Christmas and New Year's behind bars. Edmonton police acted reasonably in 2022 shooting that killed innocent man: police watchdog Alberta's police watchdog has cleared three Edmonton police officers in the death of a civilian in his apartment in 2022. Crash involving school buses ties up south Edmonton traffic Two school buses carrying children were involved in a crash in south Edmonton Wednesday morning. Regina Extreme cold warnings issued for Regina, Saskatoon and much of eastern Sask. Extreme cold warnings are now in effect as Saskatchewan enters a cold snap, which is expected to last until the end of the week. SaskPower bills to rise an average of 2.9% in 2025 due to carbon tax rate increase Residents in Saskatchewan will see a slight increase in their power bills come the new year, as the federal price on carbon is set rise. Sask. premier sees rise in approval as new term begins, according to poll Saskatchewan Premier Scott Moe has seen a bump in his approval rating as his new term begins, according to a recent poll from Angus Reid. Saskatoon Cold weather in Saskatchewan spurs furnace breakdowns, carbon monoxide concerns The return of bitterly cold temperatures has first responders and HVAC technicians on stand-by, ready to respond to emergencies. 'Unfortunate coincidence': Two Saskatoon power outages not related, city says The city's two major power outages within a week were caused by different reasons, according to Saskatoon Light & Power (SL&P). River search for missing Saskatchewan man suspended Emergency crews have suspended their river search for a missing Saskatchewan man. Vancouver Distress call leads to discovery of camper's body on Vancouver Island Mounties say a 42-year-old man who was camping on Vancouver Island has been found dead after rescuers were alerted to a distress signal from his satellite communication device. Commercial truck driver charged after parked cars struck in Metro Vancouver A commercial truck driver is facing impaired driving charges after police say his tractor-trailer collided with four parked cars in Port Coquitlam, B.C. Short-term rental not a 'business,' B.C. owner claims in rejected assessment appeal A B.C. man's unique claim that his short-term rental unit was not a "business," but an "investment" for the purposes of his 2024 property assessment has been rejected. Vancouver Island Distress call leads to discovery of camper's body on Vancouver Island Mounties say a 42-year-old man who was camping on Vancouver Island has been found dead after rescuers were alerted to a distress signal from his satellite communication device. No Santa, no Rudolph: B.C. mother questions lyric changes for son's school concert A Saanich, B.C., mom is questioning why her son came home from school with the words “Santa,” “Rudolph” and “Christmas” crossed out on a lyric sheet for his winter concert. Commercial truck driver charged after parked cars struck in Metro Vancouver A commercial truck driver is facing impaired driving charges after police say his tractor-trailer collided with four parked cars in Port Coquitlam, B.C. Stay ConnectedPreview: Brighton & Hove Albion Women vs. Tottenham Hotspur Women - prediction, team news, lineups