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Egyptian Stock Exchange Ends Week in Decline Amid Mixed Trading ActivityNEW YORK , Dec. 27, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Joint Stock Company Kaspi.kz ("Kaspi.kz" or the "Company") (NASDAQ: KSPI ). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980. The investigation concerns whether Kaspi.kz and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On September 19, 2024 , Culper Research ("Culper") issued a report entitled "Kaspi.kz (KSPI): The NASDAQ-Listed Fintech Moving Money for Criminals and Kleptocrats" (the "Report"). In the Report, Culper stated, in relevant part: "We are short Kaspi, the operator of the largest payment network and second largest bank in Kazakhstan . We believe Kaspi has systematically misled U.S. investors and regulators in its repeated claims – especially ahead of the Company's January 2024 NASDAQ listing – that the Company has zero exposure to Russia . Our research exposes this grave deception: we believe that not only do Kaspi's relationships with Russian partners permeate every segment of its business, but that in the wake of Russia's February 2022 invasion of Ukraine and into 202, Russia has contributed materially to Kaspi's reported growth. Our research further unmasks Kaspi's history of shadowy dealmaking, which raises not only related party and self-dealing concerns, but also exposes the Company's vast, longstanding ties to bad actors including sanctioned oligarchs and Russian mobsters. We believe Kaspi's premium valuation and US listing are at risk, and shares are headed lower." On this news, Kaspi.kz's stock price fell $22.53 per American Depositary Share ("ADS") over the next two trading days, or 18.83%, to close at $97.10 per ADS on December 20, 2024 . Pomerantz LLP, with offices in New York , Chicago , Los Angeles , London , Paris , and Tel Aviv , is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz , known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud , breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com . Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT: Danielle Peyton Pomerantz LLP [email protected] 646-581-9980 ext. 7980 SOURCE Pomerantz LLPSportscaster Greg Gumbel dies from cancer at age 78
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S&P/TSX composite, U.S. markets end the trading day lower FridayTrio leads UIC to 77-69 victory over Little Rock in OTAn online debate over foreign workers in tech shows tensions in Trump’s political coalition
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Sportscaster Greg Gumbel dies from cancer at age 78A routine cab ride in Mumbai led to an extraordinary revelation for entrepreneur Aaryan Singh Kushwah, who discovered that his Ola driver, Parag Patil, is a former Olympian. Patil, who has represented India in international athletics, boasts an impressive record of two gold, 11 silver, and three bronze medals, primarily in Triple Jump and Long Jump events. ET Year-end Special Reads What kept India's stock market investors on toes in 2024? India's car race: How far EVs went in 2024 Investing in 2025: Six wealth management trends to watch out for Kushwah shared the encounter in a LinkedIn post that quickly went viral. “My Ola driver is an Olympian. Meet Parag Patil, Senior Olympian: 2nd in Asia in the Triple Jump. 3rd in Asia in the Long Jump. Every time he represented India internationally, he returned with a medal—2 golds, 11 silvers, 3 bronze. Yet, he has no sponsors and barely enough funds to support his family, let alone pursue his athletic career. This post is a call to action for anyone who can help sponsor Parag to represent and win for India internationally,” Kushwah wrote. The post, accompanied by a photo of Kushwah and Patil, struck a chord with netizens, drawing attention to the financial struggles faced by many Indian athletes after their active sports careers. Social Media Reacts Social media users were quick to respond, with many expressing admiration for Patil’s resilience and frustration over the lack of support for retired athletes. “This is both inspiring and heartbreaking. What a story of resilience!” one user commented. Another wrote, “Our sports legends deserve better than this. We need to step up as a nation.” Several users suggested practical solutions, including crowdfunding and corporate sponsorships. “Why aren’t there sustainable programs for athletes after retirement? This needs urgent attention!” a commenter noted. Another user encouraged action, saying, “Let’s crowdfund this. Parag deserves another chance to shine.” Patil’s story sheds light on a systemic issue: the lack of post-retirement support for athletes in India. Despite bringing glory to the nation, many athletes struggle to make ends meet once their competitive careers end. While some countries provide structured pathways and financial backing for retired sports professionals, Indian athletes often have to turn to unrelated jobs for survival.Thrivent Financial for Lutherans Acquires 29,059 Shares of iShares ESG Advanced MSCI EAFE ETF (NASDAQ:DMXF)Big Oil eyes powering Big Tech’s data center demand
LITTLE ROCK, Ark. (AP) — Sasa Ciani and Filip Skobalj scored 15 points apiece and Tyem Freeman added five of his nine points in overtime to lead UIC over Little Rock 77-69 on Sunday. Ciani added 10 rebounds for the Flames (7-4). Skobalj made 5 of 11 from 3-point range. Javon Jackson scored 13. Jackson sank three free throws with less than a second left to force OT tied at 64. The Trojans (6-5) were led by Johnathan Lawson, who posted 25 points and eight rebounds. Isaiah Lewis added 11 points and two steals. Tuongthach Gatkek had 10 points, 10 rebounds and five assists. Skobalj scored nine points in the first half for UIC, which trailed 32-30 at halftime. Skobalj hit a 3-pointer with 2:45 left in OT to put the Flames up 68-65 and they stayed in front from there. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .
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