Freeman has 26 in Bethune-Cookman's 79-67 victory over North Dakota
Mutual of America Capital Management LLC grew its position in Teradyne, Inc. ( NASDAQ:TER – Free Report ) by 2.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 20,089 shares of the company’s stock after buying an additional 404 shares during the period. Mutual of America Capital Management LLC’s holdings in Teradyne were worth $2,691,000 as of its most recent SEC filing. Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Swedbank AB boosted its position in shares of Teradyne by 198.8% during the second quarter. Swedbank AB now owns 641,614 shares of the company’s stock valued at $95,145,000 after buying an additional 426,900 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in Teradyne by 18.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,432,722 shares of the company’s stock valued at $325,814,000 after acquiring an additional 374,522 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Teradyne by 4,695.9% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 290,249 shares of the company’s stock valued at $43,041,000 after acquiring an additional 284,197 shares during the last quarter. Driehaus Capital Management LLC bought a new stake in shares of Teradyne in the second quarter worth approximately $41,467,000. Finally, Principal Financial Group Inc. raised its holdings in shares of Teradyne by 105.2% during the second quarter. Principal Financial Group Inc. now owns 527,417 shares of the company’s stock valued at $78,211,000 after purchasing an additional 270,396 shares during the last quarter. Institutional investors own 99.77% of the company’s stock. Insider Buying and Selling at Teradyne In other Teradyne news, Director Mercedes Johnson sold 625 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $133.49, for a total transaction of $83,431.25. Following the completion of the transaction, the director now owns 16,518 shares of the company’s stock, valued at $2,204,987.82. This represents a 3.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website . Also, insider Richard John Burns sold 789 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $132.80, for a total value of $104,779.20. Following the transaction, the insider now owns 21,864 shares of the company’s stock, valued at approximately $2,903,539.20. The trade was a 3.48 % decrease in their position. The disclosure for this sale can be found here . Insiders sold a total of 8,199 shares of company stock valued at $1,080,634 in the last three months. 0.36% of the stock is currently owned by corporate insiders. Teradyne Price Performance Teradyne ( NASDAQ:TER – Get Free Report ) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.12. Teradyne had a return on equity of 18.56% and a net margin of 18.75%. The business had revenue of $737.30 million during the quarter, compared to analyst estimates of $716.40 million. During the same quarter in the prior year, the business posted $0.80 EPS. Teradyne’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, research analysts expect that Teradyne, Inc. will post 3.17 EPS for the current year. Teradyne declared that its board has approved a share repurchase plan on Monday, November 11th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to purchase up to 0.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued. Teradyne Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Monday, November 25th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.48 annualized dividend and a yield of 0.44%. Teradyne’s payout ratio is 15.24%. Wall Street Analysts Forecast Growth Several equities research analysts recently issued reports on the stock. Robert W. Baird dropped their target price on shares of Teradyne from $140.00 to $133.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. StockNews.com raised Teradyne from a “sell” rating to a “hold” rating in a report on Sunday, October 27th. Stifel Nicolaus reduced their price objective on Teradyne from $140.00 to $125.00 and set a “hold” rating for the company in a research report on Friday, October 25th. Cantor Fitzgerald raised Teradyne from a “neutral” rating to an “overweight” rating and set a $160.00 target price on the stock in a research report on Friday, August 16th. Finally, Craig Hallum reduced their price target on shares of Teradyne from $124.00 to $111.00 and set a “hold” rating for the company in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Teradyne presently has a consensus rating of “Hold” and a consensus target price of $142.62. Read Our Latest Research Report on TER Teradyne Company Profile ( Free Report ) Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications. Featured Articles Want to see what other hedge funds are holding TER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Teradyne, Inc. ( NASDAQ:TER – Free Report ). Receive News & Ratings for Teradyne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Teradyne and related companies with MarketBeat.com's FREE daily email newsletter .BOSTON — Forty years ago, Heisman Trophy winner Doug Flutie rolled to his right and threw a pass that has become one of college football’s most iconic moments. With Boston College trailing defending champion Miami, Flutie threw the Hail Mary and found receiver Gerard Phalen, who made the grab while falling into the end zone behind a pair of defenders for a game-winning 48-yard TD. Flutie and many of his 1984 teammates were honored on the field during BC’s 41-21 victory over North Carolina before the second quarter on Saturday afternoon, the anniversary of the Eagles’ Miracle in Miami. “There’s no way its been 40 years,” Flutie told The Associated Press on the sideline a few minutes before he walked out with some of his former teammates to be recognized after a video of The Play was shown on the scoreboards. A statue commemorating Doug Flutie's famed "Hail Mary" pass during a game against Miami on Nov. 23, 1994, sits outside Alumni Stadium at Boston College. Famous football plays often attain a legendary status with religious names like the "Immaculate Reception," the "Hail Mary" pass and the Holy Roller fumble. It’s a moment and highlight that’s not only played throughout decades of BC students and fans, but around the college football world. “What is really so humbling is that the kids 40 years later are wearing 22 jerseys, still,” Flutie said of his old number. “That amazes me.” That game was played on national TV the Friday after Thanksgiving. The ironic thing is it was originally scheduled for earlier in the season before CBS paid Rutgers to move its game against Miami, thus setting up the BC-Miami post-holiday matchup. Boston College quarterback Doug Flutie rejoices in his brother Darren's arms after B.C. defeats Miami with a last second touchdown pass on Nov. 23, 1984, in Miami. “It shows you how random some things are, that the game was moved,” Flutie said. “The game got moved to the Friday after Thanksgiving, which was the most watched game of the year. We both end up being nationally ranked and up there. All those things lent to how big the game itself was, and made the pass and the catch that much more relevant and remembered because so many people were watching.” There’s a statue of Flutie winding up to make The Pass outside the north gates at Alumni Stadium. Fans and visitors can often be seen taking photos there. “In casual conversation, it comes up every day,” Flutie said, when asked how many times people bring it up. “It brings a smile to my face every time we talk about it.” A week after the game-ending Flutie pass, the Eagles beat Holy Cross and before he flew off to New York to accept the Heisman. They went on to win the 49th Cotton Bowl on New Year’s Day. Boston College quarterback Doug Flutie evades Miami defensive tackle Kevin Fagan during the first quarter of a game on Nov. 23, 1984, in Miami, Fla. “Forty years seem almost like incomprehensible,” said Phalen, also standing on the sideline a few minutes after the game started. “I always say to Doug: ‘Thank God for social media. It’s kept it alive for us.”’ Earlier this week, current BC coach Bill O’Brien, 55, was asked if he remembered where he was 40 years ago. “We were eating Thanksgiving leftovers in my family room,” he said. “My mom was saying a Rosary in the kitchen because she didn’t like Miami and wanted BC to win. My dad, my brother and I were watching the game. “It was unbelievable,” he said. “Everybody remembers where they were for the Hail Mary, Flutie pass.” Mike Tyson, left, slaps Jake Paul during a weigh-in ahead of their heavyweight bout, Thursday, Nov. 14, 2024, in Irving, Texas. (AP Photo/Julio Cortez) In this image taken with a slow shutter speed, Spain's tennis player Rafael Nadal serves during a training session at the Martin Carpena Sports Hall, in Malaga, southern Spain, on Friday, Nov. 15, 2024. (AP Photo/Manu Fernandez) A fan takes a picture of the moon prior to a qualifying soccer match for the FIFA World Cup 2026 between Uruguay and Colombia in Montevideo, Uruguay, Friday, Nov. 15, 2024. (AP Photo/Santiago Mazzarovich) Rasmus Højgaard of Denmark reacts after missing a shot on the 18th hole in the final round of World Tour Golf Championship in Dubai, United Arab Emirates, Sunday, Nov. 17, 2024. (AP Photo/Altaf Qadri) Taylor Fritz of the United States reacts during the final match of the ATP World Tour Finals against Italy's Jannik Sinner at the Inalpi Arena, in Turin, Italy, Sunday, Nov. 17, 2024. (AP Photo/Antonio Calanni) Dallas Cowboys wide receiver Jalen Tolbert (1) fails to pull in a pass against Atlanta Falcons cornerback Dee Alford (20) during the second half of an NFL football game, Sunday, Nov. 3, 2024, in Atlanta. (AP Photo/ Brynn Anderson) Green Bay Packers quarterback Jordan Love, top right, scores a touchdown during the second half of an NFL football game against the Chicago Bears on Nov. 17 in Chicago. India's Tilak Varma jumps in the air as he celebrates after scoring a century during the third T20 International cricket match between South Africa and India, at Centurion Park in Centurion, South Africa, Wednesday, Nov. 13, 2024. (AP Photo/Themba Hadebe) Columbus Blue Jackets defenseman Zach Werenski warms up before facing the Seattle Kraken in an NHL hockey game Tuesday, Nov. 12, 2024, in Seattle. (AP Photo/Lindsey Wasson) Kansas State players run onto the field before an NCAA college football game against Arizona State Saturday, Nov. 16, 2024, in Manhattan, Kan. (AP Photo/Charlie Riedel) A fan rapped in an Uruguay flag arrives to the stands for a qualifying soccer match against Colombia for the FIFA World Cup 2026 in Montevideo, Uruguay, Friday, Nov. 15, 2024. (AP Photo/Matilde Campodonico) People practice folding a giant United States flag before an NFL football game between the Buffalo Bills and the Kansas City Chiefs, Sunday, Nov. 17, 2024, in Orchard Park, N.Y. (AP Photo/Julia Demaree Nikhinson) Brazil's Marquinhos attempts to stop the sprinklers that were turned on during a FIFA World Cup 2026 qualifying soccer match against Venezuela at Monumental stadium in Maturin, Venezuela, Thursday, Nov. 14, 2024. (AP Photo/Ariana Cubillos) Georgia's Georges Mikautadze celebrates after scoring his side's first goal during the UEFA Nations League, group B1 soccer match between Georgia and Ukraine at the AdjaraBet Arena in Batumi, Georgia, Saturday, Nov. 16, 2024. (AP Photo/Tamuna Kulumbegashvili) Dallas Stars center Mavrik Bourque, right, attempts to score while Minnesota Wild right wing Ryan Hartman (38) and Wild goaltender Filip Gustavsson (32) keep the puck out of the net during the second period of an NHL hockey game, Saturday, Nov. 16, 2024, in St. Paul, Minn. (AP Photo/Ellen Schmidt) Mike Tyson, left, fights Jake Paul during their heavyweight boxing match, Friday, Nov. 15, 2024, in Arlington, Texas. (AP Photo/Julio Cortez) Italy goalkeeper Guglielmo Vicario misses the third goal during the Nations League soccer match between Italy and France, at the San Siro stadium in Milan, Italy, Sunday, Nov. 17, 2024. (AP Photo/Luca Bruno) Cincinnati Bengals tight end Mike Gesicki (88) celebrates after scoring a touchdown against the Las Vegas Raiders during the second half of an NFL football game in Cincinnati, Sunday, Nov. 3, 2024. (AP Photo/Carolyn Kaster) President-elect Donald Trump attends UFC 309 at Madison Square Garden, Saturday, Nov. 16, 2024, in New York. (AP Photo/Evan Vucci) Fans argue in stands during the UEFA Nations League soccer match between France and Israel at the Stade de France stadium in Saint-Denis, outside Paris, Thursday Nov. 14, 2024. (AP Photo/Thibault Camus) Slovakia's Rebecca Sramkova hits a return against Danielle Collins, of the United States, during a tennis match at the Billie Jean King Cup Finals at the Martin Carpena Sports Hall, Thursday, Nov. 14, 2024, in Malaga, southern Spain. (AP Photo/Manu Fernandez) St. John's guard RJ Luis Jr. (12) falls after driving to the basket during the second half of an NCAA college basketball game against New Mexico, Sunday, Nov. 17, 2024, in New York. (AP Photo/Pamela Smith) England's Anthony Gordon celebrates after scoring his side's second goal during the UEFA Nations League soccer match between England and the Republic of Ireland at Wembley stadium in London, Sunday, Nov. 17, 2024. (AP Photo/Kin Cheung) Katie Taylor, left, lands a right to Amanda Serrano during their undisputed super lightweight title bout, Friday, Nov. 15, 2024, in Arlington, Texas. (AP Photo/Julio Cortez) Las Vegas Raiders wide receiver DJ Turner, right, tackles Miami Dolphins wide receiver Malik Washington, left, on a punt return during the second half of an NFL football game, Sunday, Nov. 17, 2024, in Miami Gardens, Fla. (AP Photo/Lynne Sladky) UConn's Paige Bueckers (5) battles North Carolina's Laila Hull, right, for a loose ball during the second half of an NCAA college basketball game in Greensboro, N.C., Friday, Nov. 15, 2024. (AP Photo/Ben McKeown) Be the first to know Get local news delivered to your inbox!Tetairoa McMillan, one of the best wide receivers in Arizona history, will skip his final year of eligibility and enter the 2025 NFL Draft, he announced on social media on Thursday. Projected as a top-10 draft pick, the 6-foot-5, 212-pound McMillan finished his illustrious career at Arizona with 3,423 receiving yards, breaking the mark set by Bobby Wade (3,351). In three seasons, the Hawaii native also posted the fourth-most catches (213) and third-most touchdowns (26) in school history. "Wildcat Nation, this journey has been everything I dreamed of and more," McMillan wrote on Instagram. "From the moment I committed to the University of Arizona, to every second spent wearing that Arizona jersey ... it's been an absolute honor. "The University of Arizona has provided me with the platform to grow and chase my dreams. ... Thank you from the bottom of my heart. To the best fans in the country, I appreciate you for all of the love and support you have given me these last 3 years. I will always be a Wildcat." In 2024, McMillan totaled 84 grabs (ninth in Division I) for 1,319 yards (third in Division I) and eight touchdowns for the 4-8 Wildcats. He also ranked third in Division I with 109.9 receiving yards per game. McMillan is a finalist for the Biletnikoff Award, given to the most outstanding receiver in college football. --Field Level MediaSHANGHAI , Nov. 26, 2024 /PRNewswire/ -- Noah Holdings Limited ("Noah" or the "Company") (NYSE: NOAH and HKEX: 6686), a leading and pioneer wealth management service provider offering comprehensive one-stop advisory services on global investment and asset allocation primarily for Mandarin-speaking high-net-worth investors, today announced its unaudited financial results for the third quarter of 2024. THIRD QUARTER 2024 FINANCIAL HIGHLIGHTS N et revenue s for the third quarter of 2024 were RMB683.7 million ( US$97.4 million ), an 8.8% decrease from the corresponding period in 2023, primarily due to a 33.0% decrease in net revenues from mainland China , which was partially offset by a 28.9% increase in net revenues from overseas. Net revenues from mainland China for the third quarter of 2024 were RMB306.8 million ( US$43.7 million ), a 33.0% decrease from the corresponding period in 2023, primarily due to decreases of 89.9% in revenue from distribution of domestic insurance products and 17.3% in revenue from recurring service fees from RMB private equity products. Net revenues from overseas for the third quarter of 2024 were RMB376.9 million ( US$53.7 million ), a 28.9% increase from the corresponding period in 2023, primarily due to increases of 42.5% in revenue from offshore investment products and 42.4% in revenue from insurance products, which were partially offset by a 38.8% decrease in revenue from other services provided to offshore high-net-worth investors. Net Revenues by segment is as follows: Net Revenues by geography is as follows: Income from operations for the third quarter of 2024 was RMB240.8 million ( US$34.3 million ), a 3.2% decrease from the corresponding period in 2023, mainly due to the 8.8% decrease in net revenues, which was partially offset by an 11.6% decrease in operating costs and expenses driven by various cost control measures. Income from operations increased by 79.7% sequentially for the third quarter of 2024, primarily due to an 11.0% increase in net revenues and an 8.1% decrease in operating costs and expenses. Income from operations by segment is as follows: Net income attributable to Noah shareholders for the third quarter of 2024 was RMB134.4 million ( US$19.2 million ), a 42.4% decrease from the corresponding period in 2023, mainly due to (i) a 3.2% decrease in income from operations; (ii) approximately RMB43.6 million in unrealized USD-denominated foreign exchange losses; and (iii) a one-off 30.0% increase in income tax expenses associated with a dividend withholding tax for offshore dividend payments from PRC subsidiaries. Net income attributable to Noah shareholders increased by 34.7% sequentially in the third quarter of 2024, mainly due to a 79.7% increase in income from operations. Non-GAAP [1] net income attributable to Noah shareholders for the third quarter of 2024 was RMB150.5 million ( US$21.4 million ), a 35.2% decrease from the corresponding period in 2023 and a 41.9% increase from the second quarter of 2024. THIRD QUARTER 2024 OPERATIONAL UPDATES Wealth Management Business Noah offers global investment products and provides value-added services to global Mandarin-speaking high-net-worth investors in its wealth management business. Noah primarily distributes private equity, private secondary, mutual funds and other products denominated in RMB, USD and other currencies. Total number of registered clients as of September 30, 2024 , was 460,380, a 1.8% increase from September 30, 2023 , and a 0.3% increase from June 30, 2024 . Among registered clients as of September 30, 2024 , the number of overseas registered clients was 17,287, a 20.9% increase from September 30, 2023 , and a 3.0% increase from June 30, 2024 . Total number of active clients [2] for the third quarter of 2024 was 7,857, a decrease of 17.2% from the third quarter of 2023 and a 9.0% decrease from the second quarter of 2024. Among active clients during the third quarter of 2024, the number of overseas active clients was 3,139, a 37.4% increase from the third quarter of 2023, and a 3.2% decrease from the second quarter of 2024. A ggregate value of investment products distributed during the third quarter of 2024 was RMB14.3 billion ( US$2.0 billion ), a 36.1% decrease from the corresponding period in 2023, mainly due to a 42.1% decrease in distribution of mutual fund products. The aggregate value of investment products distributed decreased by 1.1% sequentially, mainly due to a decrease in distribution of private secondary products. Among the investment products distributed during the third quarter of 2024, Noah distributed RMB7.8 billion ( US$1.1 billion ) of overseas investment products, an 11.4% increase from the corresponding period of 2023, primarily due to a 76.7% increase in distribution of overseas mutual fund products. The aggregate value of investment products distributed, categorized by product type, is as follows: The aggregate value of investment products distributed, categorized by geography, is as follows : Coverage network in mainland China included 13 cities as of September 30, 2024 , compared with 59 cities as of September 30, 2023 , and 15 cities as of June 30, 2024 , primarily due to the continued streamlining of the Company's coverage network. Aggregate number of overseas relationship managers was 146 as of September 30, 2024 , an increase of 89.6% from September 30, 2023 , and 29.2% from June 30, 2024 . Asset Management Business Noah's asset management business is conducted through Gopher Asset Management Co., Ltd. ("Gopher Asset Management"), a leading multi-asset manager in China , and Olive Asset Management Co., Ltd. ("Olive Asset Management"), the Company's recently launched overseas asset management brand focused on providing global investment solutions with offices in Hong Kong and the United States . Gopher Asset Management and Olive Asset Management develop and manage assets ranging from private equity, real estate, public securities to multi-strategy investments denominated in RMB, USD and other currencies. Total assets under management as of September 30, 2024 , were RMB150.1 billion ( US$21.4 billion ), a 2.5% decrease from June 30, 2024 , and a 3.1% decrease from September 30, 2023 , mainly due to exits in RMB private equity investment products and exchange rate fluctuations affecting the value of overseas assets under management. Mainland China assets under management as of September 30, 2024 , were RMB110.6 billion ( US$15.8 billion ), compared with RMB119.5 billion as of September 30, 2023 , and RMB114.9 billion as of June 30, 2024 . Overseas assets under management as of September 30, 2024 , were RMB39.5 billion ( US$5.6 billion ), compared with RM35.4 billion as of September 30, 2023 , and RMB39.1 billion as of June 30, 2024 . Total assets under management, categorized by investment type, are as follows: Total assets under management, categorized by geography, are as follows: Other Businesses Noah's other businesses mainly include providing clients with additional comprehensive services and investment products. Operating results for other businesses also include headquarter rental income, depreciation and amortization, as well as operating expenses. Ms. Jingbo Wang , co-founder and chairwoman of Noah, commented, "I'm pleased to report a significant sequential rebound in net revenues, operating margin, and net income as the pace of our overseas expansion gains momentum and client demand for global asset allocation strengthens. Net revenues from overseas grew by 28.9% year-over-year, bolstered by ongoing investments to expand our global footprint. Our team of relationship managers directly supporting this expansion grew to 146 professionals, an increase of 89.6% year-over-year and 29.2% sequentially. We also opened our Japan office during the quarter to attract local Mandarin-speaking clients and are actively evaluating opportunities in other key potential markets such as Canada , Australia , Southeast Asia , and Europe , to capitalize on this momentum. While sluggish domestic markets continue to pose challenges, we are encouraged by initial signs of a recovery and improving client sentiment, driven by recent policies aimed at supporting the broader economy. We remain confident in the substantial potential for wealth management services tailored to global Mandarin-speaking high-net-worth investors, many of whom are currently underserved by local financial institutions. This presents us with significant opportunities to acquire new clients through our competitive global investment solutions and renowned service standards." THIRD QUARTER 2024 FINANCIAL RESULTS Net Revenues Net revenues for the third quarter of 2024 were RMB683 .7 million ( US$97 .4 million), an 8.8% decrease from the corresponding period in 2023. Wealth Management Business Net revenues from one-time commissions for the third quarter of 2024 were RMB175.1 million ( US$25.0 million ), an 11.8% decrease from the corresponding period in 2023, primarily due to a decrease in distribution of domestic insurance products. Net revenues from recurring service fees for the third quarter of 2024 were RMB251.0 million ( US$35.8 million ), a 10.3% decrease from the corresponding period in 2023, primarily due to a decrease in recurring service fees from private secondary products and private equity products associated with the decrease in assets under management in mainland China . Net revenues from performance-based income for the third quarter of 2024 were RMB3.0 million ( US$0.4 million ), a 65.8% decrease from the corresponding period of 2023, primarily due to a decrease in performance-based income from private secondary products. Net revenues from other service fees for the third quarter of 2024 were RMB35.9 million ( US$5.1 million ), a 41.7% decrease from the corresponding period in 2023, primarily due to a decrease in the value-added services offered to high-net-worth clients. Asset Management Business Net revenues from recurring service fees for the third quarter of 2024 were RMB150.6 million ( US$21.5 million ), a 19.1% decrease from the corresponding period in 2023, primarily due to a decrease in recurring service fees generated from RMB private equity products. Net revenues from performance-based income for the third quarter of 2024 were RMB58.0 million ( US$8.3 million ), a substantial increase from the corresponding period in 2023, primarily due to an increase in performance-based income realized from offshore private equity products. Other Businesses Net revenues for the third quarter of 2024 were RMB9.8 million ( US$1.4 million ), remaining flat compared with the corresponding period in 2023. Operating Costs and Expenses Operating costs and expenses for the third quarter of 2024 were RMB442.9 million ( US$63.1 million ), an 11.6% decrease from the corresponding period in 2023. Operating costs and expenses primarily consisted of (i) compensation and benefits of RMB310.0 million ( US$44.2 million ); (ii) selling expenses of RMB65.9 million ( US$9.4 million ); (iii) general and administrative expenses of RMB72.3 million ( US$10.3 million ); (iv) provision for of credit losses of RMB5.4 million ( US$0.8 million ); and (v) other operating expenses of RMB12.9 million ( US$1.8 million ). Operating costs and expenses for the wealth management business for the third quarter of 2024 were RMB326.1 million ( US$46.5 million ), a 17.3% decrease from the corresponding period in 2023, primarily due to decreases of 23.5% in compensation and benefits and 48.6% in selling expenses. Operating costs and expenses for the asset management business for the third quarter of 2024 were RMB86.4 million ( US$12.3 million ), a 1.8% increase from the corresponding period in 2023. Operating costs and expenses for other businesses for the third quarter of 2024 were RMB30.4 million ( US$4.3 million ), compared with RMB21.9 million from the corresponding period in 2023. Operating Margin Operating margin for the third quarter of 2024 was 35.2%, compared with 33.2% for the corresponding period in 2023. Operating margin for the wealth management business for the third quarter of 2024 was 29.9%, compared with 28.2% for the corresponding period in 2023. Operating margin for the asset management business for the third quarter of 2024 was 58.6%, compared with 55.6% for the corresponding period in 2023. Loss from operation for other businesses for the third quarter of 2024 was RMB20.6 million ( US$2.9 million ), compared with an operating loss of RMB12.1 million for the corresponding period in 2023. Interest Income Interest income for the third quarter of 2024 was RMB28.4 million ( US$4.0 million ), a 34.6% decrease from the corresponding period in 2023. Investment Income Investment income for the third quarter of 2024 was RMB16.3 million ( US$2.3 million ), compared with RMB9.6 million for the corresponding period in 2023. Income Tax Expenses Income tax expense s for the third quarter of 2024 were RMB89.0 million ( US$12.7 million ), a 30.0% increase from the corresponding period in 2023, primarily due to an increase in income tax expenses associated with a dividend withholding tax for offshore dividend payments from PRC subsidiaries. Net Income Net Income Net income for the third quarter of 2024 was RMB137.8 million ( US$19.6 million ), a 40.6% decrease from the corresponding period in 2023. Net margin for the third quarter of 2024 was 20.2%, compared with 30.9% for the corresponding period in 2023. Net income attributable to Noah shareholders for the third quarter of 2024 was RMB134.4 million ( US$19.2 million ), a 42.4% decrease from the corresponding period in 2023. Net margin attributable to Noah shareholders for the third quarter of 2024 was 19.7%, compared with 31.1% for the corresponding period in 2023. Net income attributable to Noah shareholders per basic and diluted ADS for the third quarter of 2024 was RMB1.91 (US$0.27) and RMB1.91 (US$0.27) , respectively, compared with RMB3.36 and RMB3.36 respectively, for the corresponding period in 2023. Non-GAAP Net Income Attributable to Noah Shareholders Non-GAAP net income attributable to Noah shareholders for the third quarter of 2024 was RMB150.5 million ( US$21.4 million ), a 35.2% decrease from the corresponding period in 2023. Non-GAAP net margin attributable to Noah shareholders for the third quarter of 2024 was 22.0%, compared with 31.0% for the corresponding period in 2023. Non-GAAP net income attributable to Noah shareholders per diluted ADS for the third quarter of 2024 was RMB2.14 (US$0.30) , down from RMB3.35 for the corresponding period in 2023. Balance Sheet and Cash Flow As of September 30, 2024 , the Company had RMB3,435.8 million ( US$489.6 million ) in cash and cash equivalents, compared with RMB4,604 .9 million as of June 30 , 2024 and RMB4,959.6 million as of September 30, 2023 . The sequential decrease in cash and cash equivalents was primarily due to the payment of dividends in the amount of RMB1,007.9 million ( US$143.6 million ) to shareholders and a reclassification of a short-term time deposit in the amount of RMB252.7 million ( US$36.0 million ) from cash and cash equivalents to short-term investments. Net cash inflow from the Company's operating activities during the third quarter of 2024 was RMB237.2 million ( US$33.8 million ), mainly due to cash inflow generated from net income from operations. Net cash outflow from the Company's investing activities during the third quarter of 2024 was RMB53.7 million ( US$7.7 million ), mainly due to cash used for long-term investments. Net cash outflow from the Company's financing activities was RMB1,010.8 million ( US$144.0 million ) in the third quarter of 2024, primarily due to payment of the final dividend to the Company's shareholders. CONFERENCE CALL The Company's senior management will host an earnings conference call to discuss its Q3 Results and recent business activities. Details of the conference call are as follows: A telephone replay will be available starting approximately one hour after the end of the conference until December 3, 2024 at 1-877-344-7529 (US Toll Free) and 1-412-317-0088 (International Toll) with the access code 6914431. A live and archived webcast of the conference call will be available at the Company's investor relations website under the "News & Events" section at http://ir.noahgroup.com . DISCUSSION OF NON-GAAP MEASURES In addition to disclosing financial results prepared in accordance with U.S. GAAP, the Company's earnings release contains non-GAAP financial measures excluding the effects of all forms of share-based compensation and net of tax impact, if any. See "Reconciliation of GAAP to Non-GAAP Results" at the end of this press release. The non-GAAP financial measures disclosed by the Company should not be considered a substitute for financial measures prepared in accordance with U.S. GAAP. The financial results reported in accordance with U.S. GAAP and reconciliation of GAAP to non-GAAP results should be carefully evaluated. The non-GAAP financial measures used by the Company may be prepared differently from and, therefore, may not be comparable to similarly titled measures used by other companies. When evaluating the Company's operating performance in the periods presented, management reviewed the foregoing non-GAAP net income attributable to Noah shareholders and per diluted ADS and non-GAAP net margin attributable to Noah shareholders to supplement U.S. GAAP financial data. As such, the Company's management believes that the presentation of the non-GAAP financial measures provides important supplemental information to investors regarding financial and business trends relating to its results of operations in a manner consistent with that used by management. ABOUT NOAH HOLDINGS LIMITED Noah Holdings Limited (NYSE: NOAH and HKEX: 6686) is a leading and pioneer wealth management service provider offering comprehensive one-stop advisory services on global investment and asset allocation primarily for mandarin-speaking high-net-worth investors. Noah's American depositary shares, or ADSs, are listed on the New York Stock Exchange under the symbol "NOAH", and its shares are listed on the main board of the Hong Kong Stock Exchange under the stock code "6686." One ADS represents five ordinary shares, par value $0.00005 per share. In the first nine months of 2024, Noah distributed RMB47.6 billion ( US$6.8 billion ) of investment products. Through Gopher Asset Management and Olive Asset Management, Noah had assets under management of RMB150.1 billion ( US$21.4 billion ) as of September 30, 2024 . Noah's wealth management business primarily distributes private equity, public securities and insurance products denominated in RMB and other currencies. Noah's network covers major cities in mainland China , as well as Hong Kong ( China ), New York , Silicon Valley, Singapore , and Los Angeles . The Company's wealth management business had 460,380 registered clients as of September 30, 2024 . Through Gopher Asset Management and Olive Asset Management, Noah manages private equity, public securities, real estate, multi-strategy and other investments denominated in RMB and other currencies. The Company also operates other services. For more information, please visit Noah at ir.noahgroup.com . FOREIGN CURRENCY TRANSLATION In this announcement, the unaudited financial results for the third quarter of 2024 ended September 30, 2024 are stated in RMB. This announcement contains currency conversions of certain RMB amounts into US$ at specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to US$ are made at a rate of RMB7.0176 to US$1.00 , the effective noon buying rate for September 30, 2024 as set forth in the H.10 statistical release of the Federal Reserve Board. SAFE HARBOR STATEMENT This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Noah may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in announcements, circulars or other publications made on the website of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange"), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Noah's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. These statements include, but are not limited to, estimates regarding the sufficiency of Noah's cash and cash equivalents and liquidity risk. A number of factors could cause Noah's actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: its goals and strategies; its future business development, financial condition and results of operations; the expected growth of the wealth management and asset management market in China and internationally; its expectations regarding demand for and market acceptance of the products it distributes; investment risks associated with investment products distributed to Noah's investors, including the risk of default by counterparties or loss of value due to market or business conditions or misconduct by counterparties; its expectations regarding keeping and strengthening its relationships with key clients; relevant government policies and regulations relating to its industries; its ability to attract and retain qualified employees; its ability to stay abreast of market trends and technological advances; its plans to invest in research and development to enhance its product choices and service offerings; competition in its industries in China and internationally; general economic and business conditions in China ; and its ability to effectively protect its intellectual property rights and not to infringe on the intellectual property rights of others. Further information regarding these and other risks is included in Noah's filings with the U.S. Securities and Exchange Commission and the Hong Kong Stock Exchange. All information provided in this press release and in the attachments is as of the date of this press release, and Noah does not undertake any obligation to update any such information, including forward-looking statements, as a result of new information, future events or otherwise, except as required under the applicable law. -- FINANCIAL AND OPERATIONAL TABLES FOLLOW – SOURCE Noah Holdings Limited
Swiss National Bank reduced its position in Novanta Inc. ( NASDAQ:NOVT – Free Report ) by 0.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,100 shares of the technology company’s stock after selling 500 shares during the period. Swiss National Bank owned approximately 0.20% of Novanta worth $12,542,000 as of its most recent SEC filing. A number of other institutional investors have also modified their holdings of NOVT. GAMMA Investing LLC lifted its position in Novanta by 33.1% during the third quarter. GAMMA Investing LLC now owns 237 shares of the technology company’s stock valued at $42,000 after buying an additional 59 shares in the last quarter. GHP Investment Advisors Inc. purchased a new stake in Novanta during the 3rd quarter worth $49,000. nVerses Capital LLC acquired a new stake in Novanta in the 3rd quarter valued at $54,000. Signaturefd LLC raised its position in Novanta by 38.3% in the second quarter. Signaturefd LLC now owns 361 shares of the technology company’s stock valued at $59,000 after purchasing an additional 100 shares during the period. Finally, Van ECK Associates Corp lifted its stake in shares of Novanta by 47.6% during the second quarter. Van ECK Associates Corp now owns 750 shares of the technology company’s stock worth $122,000 after purchasing an additional 242 shares in the last quarter. Hedge funds and other institutional investors own 98.35% of the company’s stock. Analysts Set New Price Targets Separately, Robert W. Baird dropped their target price on Novanta from $175.00 to $169.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Novanta Trading Up 3.1 % NASDAQ NOVT opened at $169.79 on Friday. The company’s fifty day simple moving average is $173.77 and its 200-day simple moving average is $170.79. The stock has a market cap of $6.10 billion, a P/E ratio of 101.67 and a beta of 1.29. Novanta Inc. has a 52 week low of $142.35 and a 52 week high of $187.12. The company has a current ratio of 2.79, a quick ratio of 1.81 and a debt-to-equity ratio of 0.61. Novanta ( NASDAQ:NOVT – Get Free Report ) last posted its quarterly earnings data on Tuesday, November 5th. The technology company reported $0.85 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.85. Novanta had a net margin of 6.52% and a return on equity of 15.20%. The company had revenue of $244.40 million during the quarter, compared to analysts’ expectations of $242.33 million. During the same period in the prior year, the company posted $0.85 EPS. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. Equities research analysts predict that Novanta Inc. will post 3.03 EPS for the current fiscal year. Insider Buying and Selling at Novanta In other news, CEO Matthijs Glastra sold 7,500 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $179.70, for a total value of $1,347,750.00. Following the sale, the chief executive officer now owns 56,382 shares in the company, valued at approximately $10,131,845.40. This represents a 11.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink . Also, CFO Robert Buckley sold 1,111 shares of Novanta stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $180.45, for a total value of $200,479.95. Following the completion of the transaction, the chief financial officer now owns 120,419 shares of the company’s stock, valued at $21,729,608.55. This trade represents a 0.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders sold a total of 16,650 shares of company stock worth $2,956,686 in the last 90 days. 1.20% of the stock is owned by corporate insiders. About Novanta ( Free Report ) Novanta Inc, together with its subsidiaries, provides precision medicine and manufacturing, medical solutions, and robotics and automation solutions in the United States and internationally. The company operates through three segments: Precision Medicine and Manufacturing, Medical Solutions, and Robotics and Automation. See Also Receive News & Ratings for Novanta Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Novanta and related companies with MarketBeat.com's FREE daily email newsletter .On Sunday of Week 12, the wackiest game of the 1 P.M. window was easily the NFC East divisional rivalry matchup between the Washington Commanders and Dallas Cowboys. Dallas' 34-26 victory over Washington featured more twists than an M. Night Shyamalan movie, most via the special teams variety. Special teams in the Dallas vs. Washington game today has had a blocked field goal, a blocked punt, three missed field goals, two missed extra points, a 99-yard kickoff return, and an onside kickoff return touchdown. WHAT IN THE WORLD. https://t.co/5UUbcItPl8 The first half was a low-scoring affair, with both teams going into the break tied at three. It could have seen more points on the board had the two teams not combined for three missed field goals, though. That was only the warmup act. After the Cowboys went ahead 20-9 late in the fourth quarter, things truly went off the rails. Zach Ertz caught a late touchdown, and following a successful two-point conversion attempt, Washington was within three and needed to hold Dallas to a punt to have a chance to tie or take the lead. Instead, the Commanders allowed a KaVontae Turpin kickoff return touchdown to find themselves down 27-17. Still, the game was far from over. Washington quickly got within field goal range to get back within one score, then forced a Dallas three-and-out following an onside kick attempt and received the ball needing a touchdown with no timeouts and less than a minute to play. They got it on the first play from scrimmage on an 86-yard Terry McLaurin catch and run ... just for Austin Seibert to miss the extra point. Even still , there was more. The Cowboys took the next onside kick attempt to the house, which was ironically the best possible outcome for the Commanders, who got the ball back one more time hoping for some more Hail Mary magic . This time, though, it was not to be found and the Cowboys won 34-26. All in all, the game was a comedy of errors on special teams, mostly on Washington's side. That ended up being what made the difference, and instead of improving to 8-4, the Commanders lose their third straight and drop to a record of 7-5.
NORTH CHARLESTON, S.C. (AP) — Nick Anderson's 14 points helped Furman defeat Charleston Southern 67-46 on Saturday. Anderson shot 6 for 9, including 2 for 4 from beyond the arc for the Paladins (6-0). Pjay Smith Jr. scored 13 points while going 6 of 12 (1 for 5 from 3-point range) and added five assists. Garrett Hien finished 5 of 9 from the field to finish with 10 points, while adding six rebounds. The Paladins picked up their sixth straight win. The Buccaneers (1-6) were led in scoring by Daylen Berry, who finished with 16 points. Charleston Southern also got nine points and four assists from RJ Johnson. Jaylon Gibson finished with eight points, eight rebounds and three blocks. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .Bulls vs. Hawks Injury Report Today – November 22
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Commerce minister chairs 10th Qatar-Iran Joint Economic CommissionAlabama and Mississippi tumbled out of the top 10 of The Associated Press Top 25 poll Sunday and Miami and SMU moved in following a chaotic weekend in the SEC and across college football in general. Oregon is No. 1 for the sixth straight week and Ohio State, Texas and Penn State held their places behind the Ducks, who are the last unbeaten team. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.
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Remembering Jimmy Carter: A Legacy of Peace and ServiceState renewing focus on immigration policy
Four years since the introduction of the National Education Policy (NEP), apprehensions remain over its implementation. These can be addressed only if the stakeholders are taken into confidence, G. Viswanathan, Founder-Chancellor of Vellore Institute of Technology (VIT), has said. In a recent interaction with The Hindu, Mr. Viswanathan dwelt on some of the newer policies in higher education. “The NEP 2020 is a good move, but the entire policy is yet to be implemented. When education is on the concurrent list, decisions should be taken in consultation with the State government,” he said. One of the issues is the uncertainty over the Higher Education Commission of India (HECI), which was to replace various regulatory authorities such as the University Grants Commission and the All India Council for Technical Education, he added. Mr. Viswanathan further urged the Union government to spend more on higher education, and pointed out that in some countries, higher education was offered free of cost. The government’s spending on education dropped from 2.9% last year to 2.8% this year. “I want the government to at least bear a portion of the expenses. At least for girls, it could make higher education free,” he said, pointing out that the Union government was keen on improving the Gross Enrolment Ratio to 50% from the current figure of 27%. On the inclusion of stakeholders and State governments in discussions on higher education reforms, S. Vaidhyasubramaniam, Vice-Chancellor of SASTRA Deemed University, said: “The [Union Ministry of Education] MoE and its agencies have periodically interacted with stakeholders, including those of States and Union Territories, over NEP 2020 and other issues through online or face to face national and regional meetings...” He referred to his interaction with higher education secretaries at a workshop organised by the MoE on various issues, including the NEP 2020. “There are a few issues such as the equivalence of degrees and autonomy to higher education institutions, on which agencies like the UGC and the National Council for Teacher Education can take up a proactive role to ensure harmonious and smooth implementation; and I hope they will,” he added. At the south zone meeting with autonomous colleges in the city some time ago, UGC chairman M. Jagadesh Kumar had mentioned that the Commission would continue to be the regulatory authority for colleges and universities. On the sidelines of the event, he also told mediapersons that the Commission had held meetings with Vice-Chancellors of all universities. The HECI Bill, mooted a couple of years ago, was drafted just when the 2024 general election was declared. Since then, it has not been mentioned. “For Viksit Bharat 2047, now is the time for HECI. More delay will only create more gaps as the current model of different agencies coming out with different norms and standards creates gaps..,” the V-C of a private university said. Mr. Viswanathan, who is all for the NEP, said the VIT had introduced four-year undergraduate honours programmes. However, he endorsed the State Higher Education Department’s views that many students would prefer to complete their degree in three years to pursue higher studies. “The four-year programme helps students who go abroad for higher education,” he added. Published - December 13, 2024 12:48 am IST Copy link Email Facebook Twitter Telegram LinkedIn WhatsApp Reddit higher education / university
EXCLUSIVE Aussie's whinge about new rules for Victorian landlords spectacularly backfires: 'Wow' Victorian government introduce new reforms for rentals Under the bill, rentals must meet minimum standards READ MORE: Dire warning Albo's plan to solve rental crisis could backfire By ANTOINETTE MILIENOS FOR DAILY MAIL AUSTRALIA Published: 22:59, 29 December 2024 | Updated: 23:19, 29 December 2024 e-mail View comments A landlord has been slammed after voicing his concern over new laws protecting tenants and ensuring rentals meet the basic standards of living. The Victorian Labor government introduced the Consumer and Planning Legislation Amendment (Housing Statement Reform) Bill set to strengthen the rights of renters. Premier Jacinta Allan and minister for consumer affairs Gabrielle Williams explained the bill would deliver a raft of sweeping reforms that crack down on rental providers and dodgy rentals. Under the bill, rental providers and their agents could face fines of more than $11,000 for individuals and $59,000 for companies if the property they have rented does not meet minimum standards. Ms Allan said too often tenants move into properties that still require urgent repairs or maintenance to comply with the minimum standards of a rental. 'New tenants should be able to focus on where they put their couch, not worrying about if they need to go to VCAT because the mould in the bathroom that was supposed to be removed after the inspection is still there,' Ms Allan said. Rental activist Jordan van den Lamb, founder of the s***rentals.org website and known online as PurplePingers, mocked one landlord after he shared his concern. The landlord claimed older properties would become too costly to repair if they were forced to meet minimum standards under the new laws. The Victorian Labor Government has introduced sweeping new reforms cracking down on rental providers and dodgy rentals 'Property managers would be required to audit all their properties,' he posted on Facebook. 'Holes in carpets, a gate not working, windows nailed shut and cracked concrete paths will all be utterly unacceptable. 'Jacinta has introduced these laws to keep the trades in work. My concern is numerous older properties will simply become to costly to get up to standard. 'Around suburbs like Colliingwood, Footscray and Dandenong, literally every second rental property will fail badly. 'There would be another way of rental properties being sold.' Mr van den Lamb shared a screenshot of the landlord's post to his X account on Saturday, mocking him for his absurd complaints. 'Next year we'll have to make sure our investment properties comply with the law and that's a bad thing,' Mr van den Lamb wrote. 'We'll have to provide state of the art rentals with things like WINDOWS THAT AREN'T NAILED SHUT and if I have to do that I'm gonna sell my third investment property.' Rental activist Jordan van den Lamb (pictured) mocked one landlord after he shared claimed it would be too costly to bring older properties up to minimum standards under the new reforms Read More Shocking moment real estate boss 'says the quiet part out loud' in online stoush with renters Social media users also slammed the landlord with many claiming the minimum standard was an easily achievable goal to make something liveable. 'If your property is not up to scratch, you can’t rent it out. Simple,' one person commented. 'Wow! Rentals that are code compliant?' another person wrote. 'An authority that ensures they are? Could it possibly be real? Is my open air and not fitting the frame front door code complaint?' 'Human rights are quite a frightening concept to property investors,' a third chimed. A fourth added: 'The minimum standard should be: if the landlord wouldn’t live in it for a year as it is, you can’t expect the tenant to'. Under the new reforms landlords will face penalties if they withhold a tenants bond and fail to provide photographic evidence of damaged property along with a receipt outlining the cost of repairs. Landlords will also lose the right to evict a tenant without a genuine reason and real estate agents will be banned from charging prospective tenants with the cost of conducting a background check on their rental history. Hidden fees and charges which exist on third-party apps used by tenants to pay their rent will also be removed. The cost of breaking a lease will also be capped, with renters paying one week's rent for each remaining month of their contract - and only up to a maximum of four weeks. The Victorian parliament is set to introduce the reforms in stages over the next 12 months, with legislation to ban unreasonable evictions coming into effect this year. Landlords will still maintain the power to evict a tenant if they cause damage, fail to pay their rent or if the owner wants to move back into the property. Facebook Jacinta Allan Share or comment on this article: Aussie's whinge about new rules for Victorian landlords spectacularly backfires: 'Wow' e-mail Add commentJoin Sam McKewon and Amie Just as they dive deep into the Husker sports scene — rationalizing, analyzing, and summarizing as only they can! In the latest episode of The Showdown, Sam McKewon and Amie Just break down a jam-packed week for Nebraska Athletics. The open with the football game between Nebraska and Wisconsin, how the Huskers' can come out victorious in the matchup and the weird comments from Luke Fickell about who will be the Badgers' play caller. They move onto the doubleheader between both Nebraska and Creighton basketball teams, including the loss of Natalie Potts and how Creighton's difficult schedule can help the Husker women. The duo also talk the Husker men's chances against the Bluejays and Ryan Kalkbrenner. They close out with Nebraska volleyball's upcoming match against Wisconsin on Senior Day and the looming match against Penn State. People are also reading... Recap: Here's how Joey Graziadei will win 'Dancing with the Stars' At the courthouse, Nov. 16, 2024 Zitel bound over to district court in death of child Kidnapping in Nebraska prompted police chase that ended with 3 dead on I-29 in Missouri Beatrice native's latest film gets special engagement in hometown BPS mini-marts offer help They fell in love with Beatrice. So they opened a store in downtown. Chamberlain among seven inducted into Nebraska Baseball HOF Inmate cited for damaging video system Just Askin': Dana Holgorsen noncommittal on future, ranking a big week for Nebraska Athletics Beatrice High School first-quarter honor roll Micheal J's to reopen Former Daily Sun publisher Thomas dies Historical society appoints board members, elects officers At the courthouse, Nov. 9, 2024 Subscribe to HuskerExtra.com Join co-hosts Sam and Amie as they dive deep into the Husker sports scene – rationalizing, analyzing, and summarizing as only they can! Get local news delivered to your inbox!No. 22 St. John's, Georgia pack busy schedule with game on Sunday
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Trump taps Rollins as agriculture chief, completing proposed slate of Cabinet secretariesWASHINGTON — IRS leadership on Thursday announced that the agency has recovered $4.7 billion in back taxes and proceeds from a variety of crimes since the nation’s tax collector received a massive glut of funding through Democrats’ flagship tax, climate and health law in 2022. The announcement comes under the backdrop of a promised reckoning from Republicans who will hold a majority over both chambers of the next Congress and have long called for rescinding the tens of billions of dollars in funding provided to the agency by Democrats. IRS leadership, meanwhile, is hoping to justify saving the funding the agency already has. On a call with reporters to preview the announcement, IRS Commissioner Danny Werfel said improvements made to the agency during his term will help the incoming administration and new Republican majority congress achieve its goals of administering an extension of the 2017 Tax Cuts and Jobs Act. Republicans plan to renew some $4 trillion in expiring GOP tax cuts, a signature domestic achievement of Trump’s first term and an issue that may define his return to the White House. “We know there are serious discussions about a major tax bill coming out of the next Congress,” Werfel said, “and with the improvements we’ve made since I’ve been here, I’m quite confident the IRS will be well positioned to deliver on whatever new tax law that Congress passes.” Tax collections announced Thursday include $1.3 billion from high-income taxpayers who did not pay overdue tax debts, $2.9 billion related to IRS Criminal Investigation work into crimes like drug trafficking and terrorist financing, and $475 million in proceeds from criminal and civil cases that came from to whistleblower information. The IRS also announced Thursday that it has collected $292 million from more than 28,000 high-income non-filers who have not filed taxes since 2017, an increase of $120 million since September. Despite its gains, the future of the agency’s funding is in limbo. The IRS originally received an $80 billion infusion of funds under the Inflation Reduction Act though the 2023 debt ceiling and budget-cuts deal between Republicans and the White House resulted in $1.4 billion rescinded from the agency and a separate agreement to take $20 billion from the IRS over the next two years and divert those funds to other nondefense programs. In November, U.S. Treasury officials called on Congress to unlock $20 billion in IRS enforcement money that is tied up in legislative language that has effectively rendered the money frozen. The $20 billion in question is separate from another $20 billion rescinded from the agency last year. However, the legislative mechanism keeping the government afloat inadvertently duplicated the one-time cut. Treasury officials warn of dire consequences if the funding is effectively rescinded through inaction. Trump last week announced plans to nominate former Missouri congressman Billy Long, who worked as an auctioneer before serving six terms in the House of Representatives, to serve as the next commissioner of the IRS. Democrats like Sen. Ron Wyden (D-Ore.) have called Long’s nomination “a bizarre choice” since Long “jumped into the scam-plagued industry involving the Employee Retention Tax Credit.” Trump said on his social media site that “Taxpayers and the wonderful employees of the IRS will love having Billy at the helm.” Werfel’s term is set to end in 2027, and he has not indicated whether he plans to step down from his role before Trump’s inauguration. Trump is permitted to fire Werfel under the law.
On game day, the Allstate Championship Tailgate, taking place just outside Mercedes-Benz Stadium in the Home Depot Backyard, will feature country acts on the Capital One Music Stage, including global superstar Kane Brown and iHeartCountry “On The Verge” artist Ashley Cooke. The concerts are just two of the festivities visiting fans can enjoy in the days leading up to the big game. The fan experience for both ticket holders and the general public has been a focus for event planners. All weekend long, an estimated 100,000 people from across the country are expected to attend fan events preceding kickoff. “It will be an opportunity for fans of all ages to come together to sample what college football is all about, and you don’t have to have a ticket to the game to be a part of it,” said Bill Hancock, executive director of the CFP in a press release. “We’ve worked closely with the Atlanta Football Host Committee to develop fan-friendly events that thousands will enjoy come January.” On Saturday, Jan. 18, Playoff Fan Central will open at the Georgia World Congress Center in downtown Atlanta. The free, family-friendly experience will include games, clinics, pep rallies, special guest appearances, autograph signings and exhibits celebrating college football and its history. That day, fans can also attend Media Day, presented by Great Clips, which will feature one-hour sessions with student-athletes and coaches from each of the College Football Playoff national championship participating teams. ESPN and social media giants X, Facebook, Instagram and TikTok will be taping live broadcasts from the event. On Sunday, Jan. 19, the Trophy Trot, both a 5K and 10K race, will wind its way through the streets of downtown Atlanta. Each Trophy Trot participant will receive a T-shirt and finisher’s medal. Participants can register at atlantatrackclub.org . On Sunday evening, the Georgia Aquarium will host the Taste of the Championship dining event, which offers attendees the opportunity to indulge in food and drink prepared by local Atlanta chefs. This premium experience serves as an elevated exploration of local cuisine on the eve of the national championship. Tickets to the Taste of the Championship event are available on etix.com . Atlanta is the first city ever to repeat as host for the CFP national championship. The playoff was previously held in Atlanta in 2018. “We are honored to be the first city to repeat as host for the CFP national championship and look forward to welcoming college football fans from around the country in January,” said Dan Corso, president of the Atlanta Sports Council and Atlanta Football Host Committee. “This event gives us another opportunity to showcase our incredible city.” The College Football Playoff is the event that crowns the national champion in college football. The quarterfinals and semifinals rotate annually among six bowl games — the Goodyear Cotton Bowl Classic, Vrbo Fiesta Bowl, Capital One Orange Bowl, Chick-fil-A Peach Bowl, Rose Bowl Game presented by Prudential and the Allstate Sugar Bowl. This year’s quarterfinals will take place on Dec. 31, 2024 and Jan. 1, 2025, while the semifinals will be Jan. 9-10, 2025. The CFP national championship will be Monday, Jan. 20, 2025, at Mercedes-Benz Stadium. For additional information on the College Football Playoff, visit CollegeFootballPlayoff.com .There are three games featuring a ranked team on Sunday’s college basketball slate. Below, we provide against-the-spread picks for each contest. Place your bets on any men’s college basketball matchup at BetMGM. Sign up today using our link. Bet on the Georgia-St. John’s spread—or any other NCAA men’s basketball matchup—with BetMGM ! Bet on the Kennesaw State-Rutgers spread—or any other NCAA men’s basketball matchup—with BetMGM ! Bet on the Wisconsin-Pittsburgh spread—or any other NCAA men’s basketball matchup—with BetMGM ! Not all offers available in all states, please visit BetMGM for the latest promotions for your area. Must be 21+ to gamble, please wager responsibly. If you or someone you know has a gambling problem, contact 1-800-GAMBLER .Penguins' captain Sidney Crosby breaks Lemieux's franchise record for assists