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Mueller Water Products Announces Update on Board Refreshment PlanThousands of Syrians celebrate in central Damascus during first Friday prayers since Assad's fall DAMASCUS (AP) — Thousands of Syrians celebrated in Umayyad Square, the largest in Damascus, after the first Muslim Friday prayers following the ouster of President Bashar Assad. The leader of the insurgency that toppled Assad, Ahmad al-Sharaa, appeared in a video message in which he congratulated “the great Syrian people for the victory of the blessed revolution.” Meanwhile, U.S. Secretary of State Antony Blinken said in the Turkish capital of Ankara that there was “broad agreement” between Turkey and the United States on what they would like to see in Syria. The U.S. diplomat also called for an “inclusive and non-sectarian" interim government. Nancy Pelosi hospitalized after she 'sustained an injury' from fall on official trip to Luxembourg WASHINGTON (AP) — Former House Speaker Nancy Pelosi has been hospitalized after she “sustained an injury” during an official engagement in Luxembourg, according to a spokesman. Pelosi is 84. She was in Europe to mark the 80th anniversary of the Battle of the Bulge in World War II. Her spokesman, Ian Krager, did not describe the nature of her injury or give any additional details, but a person familiar with the incident said that Pelosi tripped and fell while at an event with the other members of Congress. The person requested anonymity to discuss the fall because they were not authorized to speak about it publicly. Some in seafood industry see Trump as fishermen's friend, but tariffs could make for pricier fish PORTLAND, Maine (AP) — The incoming administration of President-elect Donald Trump is likely to bring big changes to seafood, one of the oldest sectors of the U.S. economy. Some in the industry believe the returning president will be more responsive to its needs. Economic analysts paint a more complicated picture, as they fear Trump’s pending trade hostilities with major trading partners Canada and China could make an already pricy kind of protein more expensive. Conservationists also fear Trump’s emphasis on deregulation could jeopardize fish stocks already in peril. But many in the commercial fishing and seafood processing industries said they expect Trump to allow fishing in protected areas and crack down on offshore wind expansion. Russia targets Ukrainian infrastructure with a massive attack by cruise missiles and drones KYIV, Ukraine (AP) — Russia has launched a massive aerial attack against Ukraine. Ukrainian President Volodymyr Zelenskyy says Russia fired 93 cruise and ballistic missiles and almost 200 drones in Friday's bombardments. He says it is one of the heaviest bombardments of the country’s energy sector since Russia’s full-scale invasion almost three years ago. He says Ukrainian defenses shot down 81 missiles, including 11 cruise missiles that were intercepted by F-16 warplanes provided by Western allies earlier this year. Zelenskyy renewed his plea for international unity against Russian President Vladimir Putin. But uncertainty surrounds how the war might unfold next year. President-elect Donald Trump has vowed to end the war and has thrown into doubt whether vital U.S. military support for Kyiv will continue. Veteran Daniel Penny, acquitted in NYC subway chokehold, will join Trump's suite at football game FORT LAUDERDALE, Fla. (AP) — A military veteran who choked an agitated New York subway rider and was acquitted of homicide this week has been invited by Vice President-elect JD Vance to join Donald Trump’s suite at the Army-Navy football game on Saturday. Daniel Penny was cleared of criminally negligent homicide in Jordan Neely’s 2023 death. A more serious manslaughter charge was dismissed last week. Vance served in the Marine Corps and had commented on the acquittal earlier this week. He said that “justice was done in this case” and Penny should never have been prosecuted. About 3 in 10 are highly confident in Trump on Cabinet, spending or military oversight: AP-NORC poll WASHINGTON (AP) — Americans may have elected Donald Trump to a second term in November, but that doesn’t mean they have high confidence in his ability to choose well-qualified people for his Cabinet or effectively manage government spending, the military and the White House. That's according to a new poll from the AP-NORC Center for Public Affairs Research. About half of U.S. adults are “not at all confident” in Trump’s ability to appoint well-qualified people for high-level government positions. Only about 3 in 10 are “extremely” or “very” confident that Trump will pick qualified people to serve in his administration. President Macron names centrist ally Bayrou as France's next prime minister PARIS (AP) — French President Emmanuel Macron has named centrist ally François Bayrou as prime minister, after a historic parliamentary vote ousted the previous government last week. The 73-year-old is a crucial partner in Macron’s centrist alliance and has been a well-known figure in French politics for decades. His political experience is seen as key in efforts to restore stability as no single party holds a majority in the National Assembly. Bayrou was recently cleared in a case relating to embezzlement of European Parliament funds. His predecessor resigned last week following a no-confidence vote prompted by budget disputes in the parliament, leaving France without a functioning government. Macron vowed last week to remain in office until his term ends in 2027. Rolling blackouts plague Iran and some suspect bitcoin mining may have a role in the outages TEHRAN, Iran (AP) — Iran’s capital and outlying provinces have faced rolling power blackouts for weeks in October and November, with electricity cuts disrupting people’s lives and businesses. And while there are likely several factors involved, some suspect that cryptocurrency mining has has a role in the outages. Iran's economy has been hobbled for years by international sanctions over its advancing nuclear program. The demand on the grid has not let up, however — even when Iranians stopped using air conditioners as the weather cooled in the fall and before winter months require people to fire up their gas heaters. Coincidence or not, bitcoin’s value is rocketing to all-time highs. McKinsey & Company agrees to pay $650M for helping Purdue Pharma boost opioid sales BOSTON (AP) — McKinsey & Company consulting firm has agreed to pay $650 million to settle a federal investigation into its work for opioids manufacturer Purdue Pharma, according to court papers filed in Virginia. McKinsey has also entered into a deferred prosecution agreement to resolve criminal charges, including that it conspired with Purdue Pharma to aid in the misbranding of prescription drugs. A former McKinsey senior partner has also agreed to plead guilty to obstruction of justice charges, according to the court papers. McKinsey said in a statement on Friday that it’s “deeply sorry” for its work for Purdue Pharma. Yankees to acquire closer Devin Williams from Brewers for Nestor Cortes, Chad Durbin, AP source says NEW YORK (AP) — A person familiar with the trade tells The Associated Press that the New York Yankees have agreed to acquire All-Star closer Devin Williams and cash from the Milwaukee Brewers for left-hander Nestor Cortes and infield prospect Caleb Durbin. A 30-year-old right-hander, Williams is eligible for free agency after the 2025 season. He was diagnosed during spring training with two stress fractures in his back and didn’t make his season debut until July 28.
Lawrence Technological University has partnered with Springboard, an online learning company focused on high-growth technology careers, to offer three new bootcamps focusing on in-demand tech skills for students and professionals in the Detroit area. Enrollment for the online program is now open, with the first courses set to begin Jan. 13, 2025. Through the bootcamps, which are open to the public, students develop foundational skills in software engineering, data analytics or cybersecurity and gain real-world experience, while earning certification from LTU. In addition to technical training, students receive one-on-one mentorship from industry professionals at Fortune 100 companies and emerging tech companies. The self-paced bootcamps are structured to be completed in 6 to 9 months. Related Articles Bootcamps offered include: ● Software Engineering Bootcamp: Covering web development, from front-end and back-end programming to database management and algorithms. Students will build their own software projects and create a portfolio. ● Cybersecurity Bootcamp: Covering key areas such as network security, threat detection, and vulnerability management. Students will complete hands-on projects and develop skills to safeguard critical systems and data from cyberattacks. ● Data Analytics Bootcamp: Teaching students how to analyze, interpret, and visualize data using tools like SQL, Python, Excel, and Tableau. Students can learn more and apply at careerbootcamps.ltu.edu.Walmart is still rolling out plenty of big TV deals for the holidays, including a major discount on this 75-inch VIZIO 4K Limited-Edition UHD Smart TV model. The 75-inch VIZIO 4K Limited-Edition UHD LED HDR TV is now on sale for $478, instead of $598, for a savings of $120. This $120 markdown drops this massive 75-inch VIZIO TV under $480, which is a super-low sale price for this large of a screen size. Walmart is also offering this TV deal with free next-day delivery, so you’ll have this gift under the tree ASAP. With the 75-inch VIZIO 4K UHD Smart TV , you’ll be able to take advantage of Dolby Vision Bright+ technology for a brighter picture color and more image detail. Plus, the Dolby Audio sound quality with spatial audio complements the 4K UHD resolution for a theater-like viewing experience. The TV also has VIZIO Home integrated so you can manage your favorite streaming apps, watch tons of free TV channels and take advantage of more viewing options. It’s also Wi-Fi 6 compatible for faster streaming and gaming with voice control offered through the VIZIO app. Shop for this 75-inch VIZIO 4K UHD LED HDR TV deal at Walmart here. Walmart TV Deals You can also check out more TVs on sale from Walmart for the holidays, including these top offers: Find even more smart TV markdowns at Walmart here. The Best Deals in December Our journalism needs your support. Please subscribe today to NJ.com . Dawn Magyar can be reached at dmagyar@njadvancemedia.com . Have a tip? Tell us at nj.com/tips/ .Taylor Swift will only get $10 birthday present from Travis Kelce's dad
DENVER--(BUSINESS WIRE)--Dec 18, 2024-- Colorado BioScience Association (CBSA) announces the state’s life sciences ecosystem raised $2.15 billion in 2024, a 46% increase compared to 2023. Colorado, recognized as the Hub for Health Impact , has attracted close to $12 billion for life sciences research and development during the last eight years from public and private sources, as well as federal, state, and foundation grants. Colorado’s life sciences companies and organizations demonstrated fundraising strength throughout 2024, surging past $1 billion in the first two quarters of the year, according to CBSA data. The 2024 numbers mark the second time in a four-year period that funding totals have reached $2 billion. During the record fundraising of 2021, fueled by the pandemic, Colorado companies and organizations raised $2.4 billion. “Colorado BioScience Association applauds our ecosystem’s phenomenal fundraising success. Investors know there’s a unique and powerful convergence of world-changing technologies being developed in Colorado, with life sciences playing an interconnected role,” said Elyse Blazevich, President & CEO of Colorado BioScience Association. “Life sciences investors, companies, and talent are seeing and seizing the opportunities in Colorado because of our collaborative community, top-ranked talent, central location, robust infrastructure, reasonable costs, and unmatched quality of life. It’s no surprise Colorado now ranks in the top quintile for life sciences venture capital funding.” Colorado Life Sciences Financings: Eight-Year History Colorado’s life sciences fundraising is approaching close to $12 billion raised in the last eight years. 2024: $2.15B 2023: $1.47B 2022: $1.6B 2021: $2.4B 2020: $1.2B ($2.6B including Invitae acquisition of ArcherDX) 2019: $850M ($12.B including Pfizer acquisition of Array Biopharma) 2018: $1.0B 2017: $1.2B Funding Sources Colorado companies raised $818.5 million in public capital, a 64% increase compared to 2023 through post-IPO equity and debt, $445.0 million through mergers, acquisitions, and partnerships, and $383.0 million in private capital, primarily from venture funding. Private Capital $383.0M Pre-Seed/Seed $23.0M Series A + B $183.4M Series C, D + Later $146.4M Other $30.1M Underscoring the ecosystem’s maturity and growth, several high-profile Colorado companies recently announced clinical milestones, including Edgewise Therapeutics , Enveda , OnKure Therapeutics , and Umoja Biopharma . Federal Grants Federal funding provides critical capital for research and development at private companies and academic and research institutions, with grants from the National Institutes of Health and National Science Foundation totaling $496.6 million. In many cases, the grant dollars are deployed through the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. The University of Colorado System, Colorado State University, and National Jewish Health continue to rank as the state’s leading recipients of federal funding for life sciences research and development. State Grants The State of Colorado’s Office of Economic Development and International Trade awarded $5.5 million in Advanced Industries Accelerator Grants to life sciences companies and university researchers in 2024. “Thanks to critical funding from the state’s Advanced Industries Accelerator Grant Program, Colorado companies and researchers are advancing technologies that will revolutionize health and care,” said Blazevich. “CBSA is fighting to preserve this program from projected state budget cuts in 2025, because it saves and changes lives with breakthroughs developed here in Colorado. The program provides significant return on investment to the state, attracting $2.9 billion in follow-on capital for Colorado’s advanced industries since 2016 and creating more than 5,000 jobs.” Colorado’s life sciences community makes a vital contribution to health innovation for patients and the state’s economy, providing mission-driven, high-paying jobs to more than 41,000 Coloradans, according to new data from BIO . The $52.9 billion in economic impact by Colorado’s life sciences ecosystem generates tax dollars, funds critical infrastructure and education, and supports families and communities. CBSA compiles and analyzes annual life sciences financings using publicly available sources, including company news releases, media reports, SEC filings, federal and state databases, as well as Crunchbase. Connect with CBSA: Twitter/X , Facebook and LinkedIn About Colorado BioScience Association Colorado BioScience Association (CBSA) creates co-opportunity for the Colorado life sciences community. CBSA champions a collaborative life sciences ecosystem and advocates for a supportive business climate. From concept to commercialization, member companies and organizations drive global health innovations, products, and services that improve and save lives. The association leads Capital and Growth, Education and Networking, Policy and Advocacy, and Workforce Cultivation to make its members stronger, together. Learn more: cobioscience.com View source version on businesswire.com : https://www.businesswire.com/news/home/20241218192950/en/ CONTACT: Media Contact:Sheliah Reynolds Primavera Group for Colorado BioScience Association (720) 289-4739 sheliah@theprimaveragroup.com KEYWORD: COLORADO UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: RESEARCH FINANCE PUBLIC POLICY/GOVERNMENT CLINICAL TRIALS PROFESSIONAL SERVICES BIOTECHNOLOGY HEALTH STATE/LOCAL SCIENCE SOURCE: Colorado BioScience Association Copyright Business Wire 2024. PUB: 12/18/2024 04:41 PM/DISC: 12/18/2024 04:40 PM http://www.businesswire.com/news/home/20241218192950/en Copyright Business Wire 2024.
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Philadelphia Flyers forward Scott Laughton is used to showing up, playing hard and letting the spotlight shine on other players. This week has been different for Laughton, a 12-year veteran who has spent his full career with the Flyers. He is coming off a career-best, four-goal performance that led to his teammates giving him a standing ovation after the game in the dressing room. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Cardlytics reports that card-linked cash-back offers represent a strategic stocking stuffer for smart shoppers navigating the expensive holiday landscape. Click for more. Holiday spending hacks: How to unwrap savings without sacrificing festive cheerRecycLiCo Battery Materials Announces Results of 2024 Annual General Meeting of Shareholders
PRINCETON, N.J., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) ("Company”) today announced that it has entered into a binding agreement to acquire the operational Tuolumne Wind Project from Turlock Irrigation District. Tuolumne Wind Project is a 137 MW wind project located in Klickitat County, WA that achieved commercial operations in 2009. The project will sell power under a new PPA with Turlock Irrigation District, an investment-grade regulated entity, with an initial contract term of 15 years to 2040. In conjunction with the acquisition, the Company also has received from Turlock Irrigation District a contractual extension option to enable a potential future repowering of the project. After factoring in estimated closing adjustments and new non-recourse project-level debt, the Company expects its total long-term corporate capital commitment to acquire the project to be approximately $70-75 million, which the Company expects to fund with existing sources of liquidity. Based on current expected terms and conditions of the new non-recourse financing, the acquisition is expected to provide incremental annual levered asset CAFD on a five-year average basis of approximately $9 million beginning January 1, 2026. The Company expects the transaction to close in the first quarter of 2025, after which its targeted contribution to fiscal year 2025 results will be communicated. "Clearway continues its successful track record of executing accretive, third-party acquisitions. We look forward to providing clean, reliable electricity to Turlock Irrigation District and its customers for years to come. Additionally, this transaction, along with other recent investments, underscores Clearway's expanding presence in Western states alongside our historical core in California, contributing further to our strong incumbency in these attractive markets for clean power,” said Craig Cornelius, Clearway Energy, Inc.'s President and Chief Executive Officer. "We are also pleased to note that this acquisition is the next step in our path to meeting our long-term financial objectives, including our goal to deliver the midpoint or better of $2.40 to $2.60 in CAFD per share in 2027.” About Clearway Energy, Inc. Clearway Energy, Inc. is one of the largest owners of clean energy generation assets in the US and is leading the transition to a world powered by clean energy. Our portfolio comprises approximately 11.7 GW of gross capacity in 26 states, including 9 GW of wind, solar, and battery energy storage and over 2.7 GW of conventional dispatchable power capacity providing critical grid reliability services. Through our diversified and primarily contracted clean energy portfolio, Clearway Energy endeavors to provide our investors with stable and growing dividend income. Clearway Energy, Inc.'s Class C and Class A common stock are traded on the New York Stock Exchange under the symbols CWEN and CWEN.A, respectively. Clearway Energy, Inc. is sponsored by our controlling investor, Clearway Energy Group LLC. For more information, visit investor.clearwayenergy.com. Safe Harbor Disclosure This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements are subject to certain risks, uncertainties and assumptions, and typically can be identified by the use of words such as "expect,” "estimate,” "target," "anticipate,” "forecast,” "plan,” "outlook,” "believe” and similar terms. Such forward-looking statements include, but are not limited to, statements regarding, Clearway Energy, Inc.'s (the "Company's”) dividend expectations and its operations, its facilities and its financial results, statements regarding the likelihood, terms, timing and/or consummation of the transactions described above, the potential benefits, opportunities, and results with respect to the transactions, including the Company's future relationship and arrangements with Global Infrastructure Partners, TotalEnergies, and Clearway Energy Group (collectively and together with their affiliates, "Related Persons”), as well as the Company's Net Income, Adjusted EBITDA, Cash from Operating Activities, Cash Available for Distribution, the Company's future revenues, income, indebtedness, capital structure, strategy, plans, expectations, objectives, projected financial performance and/or business results and other future events, and views of economic and market conditions. Although the Company believes that the expectations are reasonable at this time, it can give no assurance that these expectations will prove to be correct, and actual results may vary materially. Factors that could cause actual results to differ materially from those contemplated above include, among others, the Company's ability to maintain and grow its quarterly dividend, impacts related to COVID-19 (including any variant of the virus) or any other pandemic, risks relating to the Company's relationships with its sponsors, the failure to identify, execute or successfully implement acquisitions or dispositions (including receipt of third party consents and regulatory approvals), risks related to hazards customary in the power industry, weather conditions, including wind and solar performance, the Company's ability to operate its businesses efficiently, manage maintenance capital expenditures and costs effectively, and generate earnings and cash flows from its asset-based businesses in relation to its debt and other obligations, the willingness and ability of counterparties to the Company's offtake agreements to fulfill their obligations under such agreements, the Company's ability to enter into new contracts as existing contracts expire, changes in government regulations, operating and financial restrictions placed on the Company that are contained in the project-level debt facilities and other agreements of the Company and its subsidiaries, and cyber terrorism and inadequate cybersecurity. Furthermore, any dividends are subject to available capital, market conditions, and compliance with associated laws and regulations. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The Cash Available for Distribution are estimates as of today's date and are based on assumptions believed to be reasonable as of this date. The Company expressly disclaims any current intention to update such guidance. The foregoing review of factors that could cause the Company's actual results to differ materially from those contemplated in the forward-looking statements included in this news release should be considered in connection with information regarding risks and uncertainties that may affect the Company's future results included in the Company's filings with the Securities and Exchange Commission at www.sec.gov. In addition, the Company makes available free of charge at www.clearwayenergy.com, copies of materials it files with, or furnishes to, the Securities and Exchange Commission. Contacts: Appendix Table A-1: Adjusted EBITDA and Cash Available for Distribution Reconciliation The following table summarizes the calculation of Estimated Cash Available for Distribution and provides a reconciliation to Net Income/(Loss): Non-GAAP Financial Information EBITDA and Adjusted EBITDA EBITDA, Adjusted EBITDA, and Cash Available for Distribution (CAFD) are non-GAAP financial measures. These measurements are not recognized in accordance with GAAP and should not be viewed as an alternative to GAAP measures of performance. The presentation of non-GAAP financial measures should not be construed as an inference that Clearway Energy's future results will be unaffected by unusual or non-recurring items. EBITDA represents net income before interest (including loss on debt extinguishment), taxes, depreciation and amortization. EBITDA is presented because Clearway Energy considers it an important supplemental measure of its performance and believes debt and equity holders frequently use EBITDA to analyze operating performance and debt service capacity. EBITDA has limitations as an analytical tool, and you should not consider it in isolation, or as a substitute for analysis of our operating results as reported under GAAP. Some of these limitations are: Adjusted EBITDA is presented as a further supplemental measure of operating performance. Adjusted EBITDA represents EBITDA adjusted for mark-to-market gains or losses, non-cash equity compensation expense, asset write offs and impairments; and factors which we do not consider indicative of future operating performance such as transition and integration related costs. The reader is encouraged to evaluate each adjustment and the reasons Clearway Energy considers it appropriate for supplemental analysis. As an analytical tool, Adjusted EBITDA is subject to all of the limitations applicable to EBITDA. In addition, in evaluating Adjusted EBITDA, the reader should be aware that in the future Clearway Energy may incur expenses similar to the adjustments in this news release. Management believes Adjusted EBITDA is useful to investors and other users of our financial statements in evaluating our operating performance because it provides them with an additional tool to compare business performance across companies and across periods. This measure is widely used by investors to measure a company's operating performance without regard to items such as interest expense, taxes, depreciation and amortization, which can vary substantially from company to company depending upon accounting methods and book value of assets, capital structure and the method by which assets were acquired. Additionally, Management believes that investors commonly adjust EBITDA information to eliminate the effect of restructuring and other expenses, which vary widely from company to company and impair comparability. As we define it, Adjusted EBITDA represents EBITDA adjusted for the effects of impairment losses, gains or losses on sales, non-cash equity compensation expense, dispositions or retirements of assets, any mark-to-market gains or losses from accounting for derivatives, adjustments to exclude gains or losses on the repurchase, modification or extinguishment of debt, and any extraordinary, unusual or non-recurring items plus adjustments to reflect the Adjusted EBITDA from our unconsolidated investments. We adjust for these items in our Adjusted EBITDA as our management believes that these items would distort their ability to efficiently view and assess our core operating trends. In summary, our management uses Adjusted EBITDA as a measure of operating performance to assist in comparing performance from period to period on a consistent basis and to readily view operating trends, as a measure for planning and forecasting overall expectations and for evaluating actual results against such expectations, and in communications with our Board of Directors, shareholders, creditors, analysts and investors concerning our financial performance. Cash Available for Distribution A non-GAAP measure, Cash Available for Distribution is defined as of September 30, 2024 as Adjusted EBITDA plus cash distributions/return of investment from unconsolidated affiliates, cash receipts from notes receivable, cash distributions from noncontrolling interests, adjustments to reflect sales-type lease cash payments and payments for lease expenses, less cash distributions to noncontrolling interests, maintenance capital expenditures, pro-rata Adjusted EBITDA from unconsolidated affiliates, cash interest paid, income taxes paid, principal amortization of indebtedness, changes in prepaid and accrued capacity payments, and adjusted for development expenses. Management believes CAFD is a relevant supplemental measure of the Company's ability to earn and distribute cash returns to investors. We believe CAFD is useful to investors in evaluating our operating performance because securities analysts and other interested parties use such calculations as a measure of our ability to make quarterly distributions. In addition, CAFD is used by our management team for determining future acquisitions and managing our growth. The GAAP measure most directly comparable to CAFD is cash provided by operating activities. However, CAFD has limitations as an analytical tool because it does not include changes in operating assets and liabilities and excludes the effect of certain other cash flow items, all of which could have a material effect on our financial condition and results from operations. CAFD is a non-GAAP measure and should not be considered an alternative to cash provided by operating activities or any other performance or liquidity measure determined in accordance with GAAP, nor is it indicative of funds available to fund our cash needs. In addition, our calculations of CAFD are not necessarily comparable to CAFD as calculated by other companies. Investors should not rely on these measures as a substitute for any GAAP measure, including cash provided by operating activities.First Commonwealth Financial Corporation Expands Presence in Cincinnati with Acquisition of CenterGroup Financial, Inc.WASHINGTON — The Federal Reserve lowered its key interest rate Dec. 18 by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year than it previously envisioned, largely because of still-elevated inflation. U.S. stocks tumbled Wednesday to their second-worst loss of the year after the diminished outlook sank in on Wall Street. The S&P 500 dropped 2.9 percent to pull further from its all-time high set a couple weeks ago. The Dow Jones Industrial Average fell 2.58 percent, and the technology-heavy Nasdaq composite gave up 3.6 percent. The reduced expectations sent Treasury yields rising in the bond market, squeezing stocks. The market moves followed a projection from the Fed's 19 policymakers that they will reduce their benchmark rate by a quarter-point just twice in 2025, down from their estimate in September of four cuts. Their new forecasts suggest that consumers may not enjoy much lower borrowing costs next year for mortgages, auto loans and other forms of credit. Fed officials have underscored that they are slowing their rate reductions as their benchmark rate nears a level that policymakers refer to as "neutral" — the level that is thought to neither spur nor hinder the economy. Wednesday's projections suggest that the policymakers think they may be close to that level. Their benchmark rate stands at 4.3 perent after the latest rate cut, which followed a steep half-point reduction in September and a quarter-point cut last month. Federal Reserve chair Jerome Powell took questions from the news media after the central bank's December policy meeting Wednesday. "I think that a slower pace of (rate) cuts really reflects both the higher inflation readings we've had this year and the expectations that inflation will be higher" in 2025, Fed chief Jerome Powell said at a news conference. "We're closer to the neutral rate, which is another reason to be cautious about further moves." "Nonetheless," Powell said, "we see ourselves as still on track to cut." This year's reductions have marked a reversal after more than two years of high rates, which largely helped tame inflation but also made borrowing painfully expensive for American consumers. But now, the Fed is facing a variety of challenges as it seeks to complete a "soft landing" for the economy, whereby high rates manage to curb inflation without causing a recession. Chief among them is that prices remains sticky: According to the Fed's preferred gauge, annual "core" inflation, which excludes the most volatile categories, was 2.8 percent in October, persistently above the central bank's 2 percent target. At the same time, the economy is growing briskly, which suggests that higher rates haven't reined in the economy much. As a result, some economists — and some Fed officials — have argued that borrowing rates shouldn't be lowered much more for fear of overheating the economy and re-igniting inflation. On the other hand, the pace of hiring has cooled significantly since 2024 began, a potential worry because one of the Fed's mandates is to achieve maximum employment. "We don't think we need further cooling in the labor market to get inflation below 2%," Powell said at the news conference. The unemployment rate, while still low at 4.2 percent, has risen nearly a full percentage point in the past two years. Concern over rising unemployment contributed to the Fed's decision in September to cut its key rate by a larger-than-usual half point. Asked why the central bank envisions any rate cuts in 2025 given still-elevated inflation, Powell noted that the Fed's latest projections "have core inflation coming down" to 2.5 percent next year. "That would be significant progress," he said. "We'd be seeing meaningful progress to get inflation down to that level. That wouldn't be all the way to 2%, but it would be better than this year." The Fed chair added: "We and most other forecasters still feel that we are on track to get down to 2 percent. It might take a year or two from here." Beth Hammack, president of the Federal Reserve Bank of Cleveland, dissented from Wednesday's decision because she preferred to keep rates unchanged. It was the first dissent by a voting committee member since September. President-elect Donald Trump has proposed a range of tax cuts — on Social Security benefits, tipped income and overtime income — as well as a scaling-back of regulations. Collectively, these moves could stimulate growth. At the same time, Trump has threatened to impose a variety of tariffs and to seek mass deportations of migrants, which could accelerate inflation. Powell acknowledged that Fed officials are seeking "to understand ways tariffs can affect inflation and the economy and how to think about that." He and other Fed officials have said they won't be able to assess how Trump's policies might affect the economy or their own rate decisions until more details are made available and it becomes clearer how likely it is that the president-elect's proposals will actually be enacted. Until then, the outcome of the presidential election has mostly heightened the uncertainty surrounding the economy. The uncertainty was underscored by the quarterly economic projections the Fed issued Wednesday. The policymakers now expect overall inflation, as measured by their preferred gauge, to rise slightly from 2.3 percent now to 2.5 percent by the end of 2025. Inflation by their measure is now far below its peak of 7.2 percent in June 2022. Even so, the prospect of slightly higher inflation makes it harder for the Fed to reduce borrowing costs because high interest rates are its principal weapon against inflation. The officials also expect the unemployment rate to inch up by the end of next year, from 4.2 percent now to a still-low 4.3 percent. That slight an increase might not be enough, by itself, to justify many more rate reductions. "From here, it's a new phase," Powell said, "and we're going to be cautious about new cuts."In the ever-changing world of finance, tracking stock movements can be a game-changer for investors. Recently, some of the most prominent companies with massive market valuations have made notable moves in the stock market. Mega-Cap Stocks: Companies with a market cap exceeding $200 billion have shown significant activity. These well-established giants often lead the market trends, and observing their stock price fluctuations can provide valuable insights into broader market conditions. Large-Cap Stocks: Stocks with market caps ranging from $10 billion to $200 billion are considered large-cap and play a crucial role in investment portfolios due to their stability and potential for consistent returns. Recent behavior of these stocks indicates shifts in investor confidence and strategic rebalancing. Mid-Cap Stocks: These stocks represent firms with market caps between $2 billion and $10 billion. They often offer a balance between growth potential and volatility. Investors are keeping a close eye on these companies as they continue to show promise and dynamic movement in the financial landscape. Small-Cap Stocks: Smaller companies, with a market cap from $300 million to $2 billion, are often seen as high-risk, high-reward opportunities. Their recent stock activity suggests shifts that could offer lucrative opportunities for those willing to take calculated risks. For real-time updates and to gain an edge in the market, consider exploring platforms like Investing Pro that cater to active investors seeking timely financial news. Top Investment Strategies for 2023: Navigating the Stock Market Tracking the movements of stock prices in today’s dynamic financial markets can be a pivotal strategy for investors aiming to maximize their portfolios. Here, we explore several facets of the stock market that are gaining attention as we head into 2023, providing insights and trends for investors across all categories of market capitalization. Key Innovations Shaping Mega-Cap Investments Mega-cap stocks, which include companies with market capitalizations exceeding $200 billion, continue to demonstrate a trend of incorporating technological innovations such as artificial intelligence and sustainability initiatives. These investments are reshaping entire industries, creating new avenues for growth even among the most established market leaders. Advantages and Limitations of Large-Cap Stocks Large-cap stocks, valued between $10 billion and $200 billion, remain a cornerstone of many investment portfolios due to their relative stability and reliable dividend payouts. However, their slower growth compared to smaller companies can be a limiting factor for growth-focused investors. Understanding the balance between returns and safety is vital for anyone investing in this category. Mid-Cap Stock Opportunities and Market Analysis Mid-cap stocks, with market caps ranging from $2 billion to $10 billion, often offer the best of both worlds: potential for growth paired with reduced volatility compared to small caps. Many mid-cap companies are leading the charge in niche markets, particularly in the tech and healthcare sectors, which are forecasts to expand significantly in 2023. High Risk, High Reward: Small-Cap Stock Insights For those inclined towards high-risk, high-reward investments, small-cap stocks present unique opportunities. Recent financial disclosures have highlighted several small-cap firms making strides in emerging markets and innovative tech applications. These stocks require careful analysis, but they often benefit from being nimble and responsive to market changes. Security Aspects and Use of Technology The implementation of advanced cybersecurity measures and blockchain technology is increasingly becoming standard among both large-caps and smaller companies. This shift is intended to protect against cyber threats and improve transparency, potentially affecting stock valuations positively. Sustainability Trends in Stock Market Investments With a growing emphasis on sustainability, investors are now steering their portfolios towards companies demonstrating environmental responsibility. Both mega-cap and smaller companies are making significant investments in sustainable practices, which not only appeal to ethically conscious investors but are also becoming necessary for regulatory compliance. Future Predictions and Trends As both geopolitical and economic landscapes continue to evolve, investors will need to brace for potential volatility while being open to new opportunities. Analysts predict that sectors such as renewable energy, biotechnology, and digital financial services will see exponential growth. For those seeking real-time updates and strategic insights, platforms such as Investing offer cutting-edge tools and resources to assist in informed decision-making. By staying informed and agile, investors can navigate the complexities of the market with greater confidence and success.
WASHINGTON (AP) — Special counsel Jack Smith moved to abandon two criminal cases against Donald Trump on Monday, acknowledging that Trump’s return to the White House will preclude attempts to federally prosecute him for retaining classified documents or trying to overturn his 2020 election defeat. The decision was inevitable, since longstanding Justice Department policy says sitting presidents cannot face criminal prosecution. Yet it was still a momentous finale to an unprecedented chapter in political and law enforcement history, as federal officials attempted to hold accountable a former president while he was simultaneously running for another term. Trump emerges indisputably victorious, having successfully delayed the investigations through legal maneuvers and then winning reelection despite indictments that described his actions as a threat to the country's constitutional foundations. “I persevered, against all odds, and WON," Trump exulted in a post on Truth Social, his social media website. He also said that “these cases, like all of the other cases I have been forced to go through, are empty and lawless, and should never have been brought.” The judge in the election case granted prosecutors' dismissal request. A decision in the documents case was still pending on Monday evening. The outcome makes it clear that, when it comes to a president and criminal accusations, nothing supersedes the voters' own verdict. In court filings, Smith's team emphasized that the move to end their prosecutions was not a reflection of the merit of the cases but a recognition of the legal shield that surrounds any commander in chief. “That prohibition is categorical and does not turn on the gravity of the crimes charged, the strength of the Government’s proof, or the merits of the prosecution, which the Government stands fully behind,” prosecutors said in one of their filings. They wrote that Trump’s return to the White House “sets at odds two fundamental and compelling national interests: on the one hand, the Constitution’s requirement that the President must not be unduly encumbered in fulfilling his weighty responsibilities . . . and on the other hand, the Nation’s commitment to the rule of law.” In this situation, “the Constitution requires that this case be dismissed before the defendant is inaugurated,” they concluded. Smith’s team said it was leaving intact charges against two co-defendants in the classified documents case — Trump valet Walt Nauta and Mar-a-Lago property manager Carlos De Oliveira — because “no principle of temporary immunity applies to them.” Steven Cheung, Trump's incoming White House communications director, said Americans “want an immediate end to the political weaponization of our justice system and we look forward to uniting our country.” Trump has long described the investigations as politically motivated, and he has vowed to fire Smith as soon as he takes office in January. Now he will start his second term free from criminal scrutiny by the government that he will lead. The election case brought last year was once seen as one of the most serious legal threats facing Trump as he tried to reclaim the White House. He was indicted for plotting to overturn his defeat to Joe Biden in 2020, an effort that climaxed with his supporters' violent attack on the U.S. Capitol on Jan. 6, 2021. But the case quickly stalled amid legal fighting over Trump’s sweeping claims of immunity from prosecution for acts he took while in the White House. The U.S. Supreme Court in July ruled for the first time that former presidents have broad immunity from prosecution, and sent the case back to U.S. District Judge Tanya Chutkan to determine which allegations in the indictment, if any, could proceed to trial. The case was just beginning to pick up steam again in the trial court in the weeks leading up to this year’s election. Smith’s team in October filed a lengthy brief laying out new evidence it planned to use against him at trial, accusing him of “resorting to crimes” in an increasingly desperate effort to overturn the will of voters after he lost to Biden. In dismissing the case, Chutkan acknowledged prosecutors' request to do so “without prejudice,” raising the possibility that they could try to bring charges against Trump when his term is over. She wrote that is “consistent with the Government’s understanding that the immunity afforded to a sitting President is temporary, expiring when they leave office.” But such a move may be barred by the statute of limitations, and Trump may also try to pardon himself while in office. The separate case involving classified documents had been widely seen as legally clear cut, especially because the conduct in question occurred after Trump left the White House and lost the powers of the presidency. The indictment included dozens of felony counts accusing him of illegally hoarding classified records from his presidency at his Mar-a-Lago estate in Palm Beach, Florida, and obstructing federal efforts to get them back. He has pleaded not guilty and denied wrongdoing. The case quickly became snarled by delays, with U.S. District Judge Aileen Cannon slow to issue rulings — which favored Trump’s strategy of pushing off deadlines in all his criminal cases — while also entertaining defense motions and arguments that experts said other judges would have dispensed with without hearings. In May, she indefinitely canceled the trial date amid a series of unresolved legal issues before dismissing the case outright two months later. Smith’s team appealed the decision, but now has given up that effort. Trump faced two other state prosecutions while running for president. One of them, a New York case involving hush money payments, resulted in a conviction on felony charges of falsifying business records. It was the first time a former president had been found guilty of a crime. The sentencing in that case is on hold as Trump's lawyers try to have the conviction dismissed before he takes office, arguing that letting the verdict stand will interfere with his presidential transition and duties. Manhattan District Attorney Alvin Bragg's office is fighting the dismissal but has indicated that it would be open to delaying sentencing until Trump leaves office. Bragg, a Democrat, has said the solution needs to balance the obligations of the presidency with “the sanctity of the jury verdict." Trump was also indicted in Georgia along with 18 others accused of participating in a sprawling scheme to illegally overturn the 2020 presidential election there. Any trial appears unlikely there while Trump holds office. The prosecution already was on hold after an appeals court agreed to review whether to remove Fulton County District Attorney Fani Willis over her romantic relationship with the special prosecutor she had hired to lead the case. Four defendants have pleaded guilty after reaching deals with prosecutors. Trump and the others have pleaded not guilty. Associated Press writers Colleen Long, Michael Sisak and Lindsay Whitehurst contributed to this story.Water Detection Sensors Market to Exhibit a Remarkable CAGR of 6.9% by 2028, Size, Share, Trends, Key Drivers, Demand, Opportunity Analysis and Competitive Outlook 12-13-2024 10:26 PM CET | Advertising, Media Consulting, Marketing Research Press release from: Data Bridge Market Research The water detection sensors market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 6.9% in the forecast period of 2021 to 2028 and is expected to reach USD 2,006.64 million by 2028. Water detection sensors are mainly used for two purposes: the first being detection of water that may be leaked from the water pipes and the second being the measuring of water quality for drinking, wastewater or ground water. These sensors can detect the water as soon as the water comes in contact with these sensors. They generally use the cable for detecting the presence of water and are place in an area where the pipes are running. Browse More About This Research Report @ https://www.databridgemarketresearch.com/reports/global-water-detection-sensors-market Some of the major players operating in the water detection sensors market report are The Detection Group, Inc., Dwyer Instruments LTD., Campbell Scientific, Inc., TTK - Leak Detection System, Emerson Electric Co., HORIBA, Ltd., CMR Electrical, Endress+Hauser Group Services AG, Insteon, FIBAR GROUP S.A., Gems Sensors, Inc. (a subsidiary of Fortive), Hermann Sewerin GmbH, RIKO Float Technology co., ltd., Danaher, Libelium Comunicaciones Distribuidas S.L., TE Connectivity, Ijinus, Waxman, Lumi United Technology Co., Ltd., Sontay Ltd. among others. Competitive Landscape and Water Detection Sensors Market Share Analysis : The water detection sensors market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies' focus related to global water detection sensors market. Browse Trending Reports: https://dbmr064rs.blogspot.com/2024/11/smart-stethoscope-market-trends.html https://dbmr064rs.blogspot.com/2024/11/hearth-market-insights-and-growth.html https://dbmr064rs.blogspot.com/2024/11/snow-sports-apparel-market-trends.html https://dbmr064rs.blogspot.com/2024/11/organic-seed-market-trends-forecast-and.html About Data Bridge Market Research: An absolute way to predict what the future holds is to understand the current trend! Data Bridge Market Research presented itself as an unconventional and neoteric market research and consulting firm with an unparalleled level of resilience and integrated approaches. We are committed to uncovering the best market opportunities and nurturing effective information for your business to thrive in the marketplace. Data Bridge strives to provide appropriate solutions to complex business challenges and initiates an effortless decision-making process. Data Bridge is a set of pure wisdom and experience that was formulated and framed in 2015 in Pune. Contact Us: - Data Bridge Market Research US: +1 614 591 3140 UK: +44 845 154 9652 APAC: +653 1251 1177 Email: - sopan.gedam@databridgemarketresearch.com This release was published on openPR.