Erik Pratt scores 20 as Milwaukee defeats North Central College 92-57
For people who cook, eat or take an interest in history, geography, sociology, literature or anthropology, America’s Test Kitchen's new cookbook will not disappoint. “ When Southern Women Cook ” is the brainchild of Cook’s Country editor-in-chief Toni Tipton-Martin and executive editor of content Morgan Bolling . It’s an homage to the American South and Southern women — Black, white, Indigenous and immigrant — and the food that empowered them to become activists, leaders and role models, shaping the region’s history and economy. The book is divided into 14 chapters, each beginning with an essay and some historical context for the recipes that follow. For example, cookbook author Keia Mastrianni explains in one essay how cottage bakers have reclaimed and transformed the domestic space. In another section of the book, author Psyche Williams-Forson dives into the legacy of Southern fried foods. Though the recipes are robust and varied, the Southern region — as fast north as the Mason-Dixon line and as far west as central Texas — serves as the throughline. “We also were aware that this is a nation of immigrants. We all brought our foodways with us,” Tipton-Martin says. “It has been striking for some people to see that we have so many immigrant stories in this book, but the reality is that people have been migrating and coming and going to this region and throughout the U. S. from the beginning.” Book excerpt: 'When Southern Women Cook' By Toni Tipton-Martin and Morgan Bolling Introduction Throughout history, food and cooking have sustained women as they have carved out a place for themselves in society and their communities. This is particularly poignant when you listen to women’s stories in the American South; in this book, we highlight those stories, exploring how food has enabled women to over- come adversity, provide for themselves and their families, advance society, exercise their creativity, and claim their identities. It certainly has done those things for me. I moved to Boston from North Carolina in 2014 to work on the Cook’s Country team at America’s Test Kitchen. When I first started, the brand published regional American cuisine, with a focus on what we considered (from our Northeast, coastal, mostly white perspective) country cooking. The recipes were interesting to learn about, developed with care, and delicious, but over the years, our approach evolved. We shifted from defining “American food” to exploring “how Americans eat”—a subtle but important change that broadened our storytelling and allowed us to embrace a broader narrative of what it means to be American. Advertisement In 2014, I also started volunteering at the Cambridge Women’s Center, a community support space for women of all backgrounds and identities in Cambridge, Massachusetts. I come from a line of women who gave me a crash course in feminism through their lived, sometimes difficult, experiences. My mom, who wanted to be an artist, became a doctor after learning from her mother a hard lesson about the importance of creating economic independence. Their resilience inspired me, at a time when I was defining my own feminism to do some- thing to empower women in need. I started answering a helpline (some called looking for advice; many were lonely and just looking for someone to listen) and eventually co-facilitated a support group for women and nonbinary trauma survivors, which I still do today. I learned that, like me, so many turned to art, writing, and, notably, food to navigate life’s trials. My work at Cook’s Country and at the Women’s Center fueled me, but the idea of melding my culinary career with my passion for supporting women seemed improbable. That was until Toni Tipton-Martin became Cook’s Country editor in chief, and we began to explore this intersection of food and empowerment. It turns out, both Toni and I had been thinking a lot about how to give women space in a world that tells us to be smaller. When Southern Women Cook is the outcome of many meaningful conversations. With Toni’s journalistic approach to telling stories in Cook’s Country magazine, we were positioned to make the book of our dreams. To start, we already had a deep archive of well-tested recipes. As I learned more than 10 years ago, we start recipe development with research, from reading cookbooks to interviewing experts. From there we cook five versions to cover different ways people make a dish. Then it all gets kind of scientific: We facilitate side-by-side taste tests until we are satisfied that a recipe is foolproof. And while this creates a recipe that is reliable, flavorful, and accessible to as many cooks as possible, it can also obscure a recipe’s origins. With this book, we would bring the people and traditions that inspired us to recreate these recipes in the first place to the front. We studied the archives to pull out the recipes that were both distinctly Southern but also windows into women’s culinary experiences. And we brought on food historian KC Hysmith to help us put the recipes into context: The South is a place, as the U.S. Census Bureau defines it, but it’s also, as KC taught us, well, a feeling. And so, the South in this book is vast. It includes Florida and Texas (even though each is so diverse, it could carry its own book). Within these Southern borders, we tour many corners—from the multinational Latinx communities in Miami baking festive pan de jamón and pouring out coquito to the Gullah Geechee women of the South Carolina Lowcountry celebrating their ancestral ingredients in brilliant rice dishes and deeply flavored gumbo stews. We go back in time to capture those who built the foundations of Southern food—unnamed women firing the flames of stew stoves at Monticello; enslaved women like Marie Jean, who carried on Black and Indigenous tradition through the outdoor barbecue; chefs like Zephyr Wright, who cooked for presidents while changing history; entrepreneurial women selling handmade fried chicken to hungry railroad travelers, piping-hot fried calas or sweet pralines in New Orleans, or bowls of chili in San Antonio. And we highlight women innovating the cuisine today. These are women like Teresa Finney and Chanel Watson with cottage businesses baking Mexican conchas of every shape, flavor, and color. Like Alba Huerta, who captures the global flavors of Houston in each updated julep variation on the menu of her chic cocktail bar of the same name. Like Jordan Rainbolt, who amplifies the South’s Indigenous roots through outdoor dinners and dishes like her Grit Cakes with Beans and Summer Squash, a creative take on the Three Sisters. To tell a fuller story, we opened the writing to more than 70 Southern women—food writers, authors, journalists, historians, chefs, aficionados, and culture keepers—to cover topics close to them and their stitch in the tapestry of Southern food history. Find my fellow North Carolinian, chef Vivian Howard, writing on the painful challenges of cooking in a male-dominated world, and poet Crystal Wilkinson honoring her ancestors through her hands, through baking blackberry jam cake. Read Virginia Willis’s piece on the complexities of weight management for women raised in traditional Southern society— on a traditional Southern food diet. Or learn from Carlynn Crosby about the Prohibition-era women who ruled the sea with their lucrative rum enter- prises. Their stories season the recipes they appear alongside for a cookbook that, while not exhaustive, shares the tastemakers as much as it does the tastes. Although I spent the majority of my life in the South, this book gave me a new view of what Southern food means. While it does have its fair share of recipes for fried chicken (we’ve included eight) and biscuits (also eight), it has so much more than that. The stories in this book show that food can be a lens through which to learn about our shared history, to pay homage to those who came before us, and to help build a better, tastier future. Cooks like Fannie Lou Hamer and Georgia Gilmore pushed the Civil Rights Movement forward through pork and slices of pound cake. Queen Maggie Bailey sent kids to school through bootlegging. Today, another queen, Dolly Parton, raises money for children’s literacy through her cookbooks, and chefs like Maneet Chauhan and Asha Gomez broaden the definition of Southern food through what it means to be “Brown in the South.” From them, I learned that melding a food career with women’s empowerment was never improbable; food is and always has been a tool for women’s empowerment. So whether it’s baking messages for social justice into pies like Arley Bell or just getting the grits on the table to fuel another long day, Southern recipes represent a part of our place in a world where we increasingly take up more space. In the trauma support group, we end each session asking women to share one way they’re planning to take care of themselves in the upcoming week. Without fail, someone mentions food, whether it’s to cook something healthy, enjoy ice cream, or just force themselves to eat anything at all. I hope this book gives you a little sustenance in this complex world. Yes, it can be hard, but it can also be damn delicious. by Morgan Bolling Foreword In the summer of 1999, I received an invitation to a weekend meeting in Birmingham, Alabama, from the Southern sage and award-winning journalist John Egerton, who cleverly Southernized his signature with these words: “on behalf of the add hock organizers.” Egerton’s fiddling with the term ad hoc intrigued me. I looked up the definition: “A group organized for a specific purpose; a temporary opportunity to accomplish something great.” I was awed by the way that he substituted the spelling of “hoc” with the word for a fatty pig bone that spends most of its time in the mud. As a Southern California native, I reasoned that my participation would be like seasoning a kettle of simmering greens with a piece of smoky pork. I accepted the invitation to get into a little hot water by stirring the pot of Southern food history. This call to action was anything but spontaneous. Years earlier, both author Edna Lewis and food editor Jeanne Voltz had led efforts to “establish an organization that would bring together people from all over the region and beyond who grow, process, prepare, write about, study, or organize around the distinctive foods of the South. “The women failed. Egerton, the author of the acclaimed book Southern Food: At Home, On the Road, in History, knew that I also shared this belief in the power of food to unify people, because he helped cultivate it. Since our chance meeting in Atlanta five years earlier, he and I bonded over our desire to untangle the knotty history and mixed messages ingrained in American race, gender, class, and food conversations. A month after his letter arrived, I joined nearly 50 other invitees at Southern Living magazine’s offices; by the end of the weekend we had founded the Southern Foodways Alliance, an organization dedicated to preserving, celebrating, and promoting the diverse food culture of the American South. We gathered annually in Oxford, Mississippi, after that, listening to scholars and folks with lived experience as they challenged established notions about the region. Attendees came as strangers from all over the country and between bites of barbecued quail, corn pudding, and slaw, we grieved together about prejudice and bias. And yet, come Sunday morning, everyone departed with a sense of hope. We believed that eventually these honest conversations would bring about a kind of equity that politicians, educators, historians, and others had failed to achieve. I reveled in the strength and power of the women I met each fall. While shopping in one of Oxford’s secondhand stores, author and anthropologist Vertamae Smart-Grosvenor taught me to trust my cultural impulses, while Marcie Cohen Ferris helped me value my journalistic instincts as we crunched on North Carolina peanuts. From novelist and cookbook author Dori Sanders I learned the important art of storytelling while pondering the sweet, nuanced flavor of freshly picked South Carolina peaches. Mildred Council (aka Mama Dip) taught me to value examples of culinary excellence hidden in a pot of green beans. Ronni Lundy and I became friends while debating whether sugar belongs in cornbread. And Nathalie Dupree’s “pork chop theory” of mentorship became the foundation of my passionate pursuit of culinary sisterhood. Once I became president of the organization, one woman after another confided her frustrations about the ways Southern women were still being portrayed, in history generally, but also by SFA, specifically. The whispers turned into open criticism in 2020 when former founders, board members, alliance staff members, and others called for SFA to change its structure and programming. When Southern Women Cook is a child of these experiences. Written, edited, and designed by a diverse group of female changemakers, this curated collection of recipes and stories became a reality shortly after I became editor in chief of Cook’s Country , the same month that SFA was responding to demands for progress. With past as present, we invited more than 70 bold, bright women contributors to explore the womanish side of Southern food through their particular lens. The book is by no means a complete story, but it could be the starting point for a movement. For as long as I can remember, I have fantasized about restoring a Victorian house in the South as a place where women would come together, cook for one another, and exchange cultural stories. With this book, and my own nonprofit organization, I am reimagining that goal. We will still want to learn more about Pardis Stitt and Subrina Collier, women who masterfully operate iconic restaurants alongside their chef husbands. More must be said about the women thriving in the beverage world—women like Ann Marshall, co-founder of High Wire Distilling; Susan Auler, a pioneer in Texas winemaking; master sommelier and award-winning hospitality group leader June Rodil; and Tahiirah Habibi, founder of the Hue Society, a group that provides uplifting cultural wine experiences. We want to dig deeper into the history- and science-based baking lessons taught by Stella Parks, Kentucky pastry chef and award-winning author of Bravetart: Iconic American Desserts . And we are eagerly looking forward to the day when articles describing the mouthwatering cooking of successful American men, such as James Villas and Craig Claiborne, also consider the mothers, aunties, and grandmothers who inspired them to greatness. In the meantime, this collection, written by scholars, journalists, chefs, restaurateurs, farmers, and poets, brings you authentic truths shared by women who are resisting marginalization with determination and supporting each other with tales of female perseverance. They do so while making amazing food. To describe this book more simply, I adapted a quote from the French feminist writer Hélène Cixous: “We [are learning] to speak the language women speak when there is no one there to correct us.” by Toni-Tipton Martin Stuffed turkey wings Gobi Manchurian Buttermilk coleslaw Aunt Jule's pie Banana pudding pie Chocolate-lemon Doberge cake Excerpted from "When Southern Women Cook" by Toni Tipton-Martin and Morgan Bolling. Published by America's Test Kitchen. All rights reserved. Karyn Miller-Medzon produced and edited this interview for broadcast with Mark Navin . Grace Griffin adapted it for the web.Car found at bottom of high school swimming pool in Tucson
Asian spot liquefied natural gas (LNG) prices fell this week to its lowest level in 10 weeks amid mild weather and strong storage inventories. The average LNG price for February delivery into north-east Asia (LNG-AS) was at $13.30 per million British thermal units (mmBtu), its lowest level since mid October and down from slightly lower than $14.50/mmBtu last week, industry sources estimated. “The market is reasonably comfortable in immediate supply/demand terms. China seems well-stocked and Japan is bringing some new nuclear plants back in coming weeks,” said Alex Froley, senior LNG analyst at data intelligence firm ICIS. “Given normal weather and an absence of supply shocks, the conditions could be in place for prices to begin a slow slide over the first quarter of 2025, similar to last year,” Froley added. Samuel Good, head of LNG pricing at Argus, said the easing of Asian prices was due to weak downstream consumption in the face of mild weather and was met by a spate of cargo offers. Both Beijing and Seoul are expected to have mostly above-average daily minimum temperatures for the end of this month and through January. However, Tokyo was set for continued colder weather throughout the period which could support Japanese terminal throughput in the coming weeks, Good said. In Europe, gas prices rose this week as uncertainty remains over Russian gas flows to Europe with the end of the Ukraine gas transit deal looming. “Russia’s pipeline flows through Ukraine will remain a key focus of attention for traders across the holiday period,” ICIS’ Froley said. Florence Schmit, a European energy strategist at Rabobank, said that Russian flows through Ukraine is unlikely to resume in the first quarter of 2025, leaving Europe more exposed to higher LNG import demand in the new year. “As the amount of gas that will have to be replaced is small, actual concern about supply availability is limited. Demand in Asia and the pace of Europe’s gas storage withdrawals will be key in determining which market will become the premium market in Q1,” she added. S&P Global Commodity Insights assessed its daily North West Europe LNG Marker (NWM) price benchmark for cargoes delivered in February on an ex-ship (DES) basis at $12.967/mmBtu on Dec. 19, a $0.20/mmBtu discount to the February gas price at the Dutch TTF hub. Argus assessed the price at $12.990/mmBtu, while Spark Commodities assessed the price for January delivery at $12.913/mmBtu. The U.S. arbitrage to north-east Asia via the Panama Canal is currently also signalling U.S. cargos are incentivised to deliver to Northwest Europe, said Spark Commodities analyst Qasim Afghan. In LNG freight, Atlantic rates rose for the fourth week running to $23,500/day on Friday, while Pacific rates rose to $22,000/day, Afghan added. Source: ReutersSAN FRANCISCO: Boston’s Kristaps Porzingis and Ja Morant of Memphis made triumphant and long-awaited NBA returns from injuries on Monday, while Kyrie Irving scored 32 points to spark a Dallas victory at Atlanta. Porzingis had 16 points, hitting five-of-six from inside three-point range, with six rebounds, two blocks and two assists in 23 minutes for the reigning champion Celtics in a 126-94 home rout of the Los Angeles Clippers. “Good to go and looking forward to many, many great wins,” Porzingis said. Latvian center Porzingis had been sidelined for five months following left ankle surgery last June after being injured in the NBA Finals. “It has been killing me inside not to be able to be out there,” said Porzingis. “But it was worth the wait to come back now and finally be with my guys. “It has been maybe a couple weeks I’ve been nearing the finish line of starting to play and as I was ramping up I was getting more and more antsy to be out there finally. And here it is.” Asked about his ankle, Porzingis said: “It wasn’t as bad as I thought it would be. “I did have a couple flat tires on some lobs but I was still able to finish it and I’m happy with the game, happy with the win and with each game I’m only going to find my rhythm more and more.” Morant sparks Grizzlies Jayson Tatum and reserve Payton Pritchard each scored 20 points to lead the Celtics while Derrick White had 19 and Jaylen Brown added 17. “No matter who is in or out on this team, we’re an unbelievably built team,” Porzingis said. “It’s like nothing, whoever is out, we can still win any game.” Ivica Zubac led the Clippers with 23 points and 10 rebounds while James Harden had 19 points, eight rebounds and nine assists. At Memphis, Morant was back to his fast-breaking, slam-dunking top form to spark the Grizzlies over Portland 123-98. Morant scored 20 of his 22 points in the first half and added 11 assists while Jaren Jackson Jr. had 21 points for Memphis. Morant has missed the past eight games for the Grizzlies after suffering a hip injury in a fall against the Los Angeles Lakers on November 6. In Atlanta, Irving scored 22 of his 32 points in the second half to lead the Dallas Mavericks over the host Hawks 129-119. Jaden Hardy added 23 points while Naji Marshall and Spencer Dinwiddie each added 22 for the Mavs. Jalen Johnson scored 28 for Atlanta, who have lost three in a row. Thunder alone atop West Oklahoma City Thunder grabbed sole possession of the Western Conference lead at 13-4 after their 130-109 victory at the Sacramento Kings and Golden State’s 128-120 home defeat to the Brooklyn Nets. Shai Gilgeous-Alexander had 37 points and 11 assists and Jalen Williams scored 28 points for the Thunder, who were coming off a four-day break, while DeMar DeRozan led the Kings with 30 points. At San Francisco, Brooklyn’s Dennis Schroder scored 31 points and Cam Thomas had 23. Stephen Curry top scored with 28 for the Warriors, who fell to 12-5 and host the Thunder on Wednesday. Detroit’s Jaden Ivey scored the last of his team-high 25 points on a floater at the final buzzer to give the Pistons a 102-100 victory over visiting Toronto. OG Anunoby scored 40 points to lead New York’s 145-118 rout at Denver. Karl-Anthony Towns added 30 points and 15 rebounds while Jalen Brunson had 23 points and 17 assists for the Knicks. Russell Westbrook led the Nuggets with 27 points off the bench. Tyrese Haliburton scored 34 points and passed off 13 assists to lead the host Indiana Pacers over New Orleans 114-110. Germany’s Franz Wagner scored 21 points to lead the Orlando Magic to a 95-84 victory at Charlotte despite LaMelo Ball’s game-high 44 points for the Hornets. — AFP
House rejects Democratic efforts to force release of Matt Gaetz ethics report
Walmart's DEI rollback signals a profound shift in the wake of Trump's election victory NEW YORK (AP) — Walmart’s sweeping rollback of its diversity policies is the strongest indication yet of a profound shift taking hold at U.S. companies that are re-evaluating the legal and political risks associated with bold programs to bolster historically underrepresented groups in business. The changes announced by the world’s biggest retailer on Monday followed a string of legal victories by conservative groups that have filed an onslaught of lawsuits challenging corporate and federal programs aimed at elevating minority and women-owned businesses and employees. The retreat from such programs crystalized with the election of former President Donald Trump, whose administration is certain to make dismantling diversity, equity and inclusion programs a priority. Trump's threat to impose tariffs could raise prices for consumers, colliding with promise for relief DETROIT (AP) — If Donald Trump makes good on his threat to slap 25% tariffs on everything imported from Mexico and Canada, the price increases that could follow will collide with his campaign promise to give American families a break from inflation. Economists and industry officials say companies would have little choice but to pass along the added costs, dramatically raising prices for food, clothing, automobiles, booze and other goods. The president-elect floated the tariff idea and an additional 10% tax on goods from China, as a way to force the countries to halt the flow of illegal immigrants and drugs into the U.S. But his posts Monday threatening tariffs on his first day in office could be a negotiating ploy to get the countries to change behavior. Trump’s latest tariff plan aims at multiple countries. What does it mean for the US? WASHINGTON (AP) — President-elect Donald Trump has identified what he sees as an all-purpose fix for what ails America: Slap huge new tariffs on foreign goods entering the United States. On Monday, Trump sent shockwaves across the nation’s northern and southern borders, vowing sweeping new tariffs on Mexico, Canada, as well as China, as part of his effort to crack down on illegal immigration and drugs. Trump said he will impose a 25% tax on all products entering the country from Canada and Mexico, and an additional 10% tariff on goods from China, as one of his first executive orders. Federal Reserve officials signal cautious path for rate cuts amid still-high inflation WASHINGTON (AP) — With inflation still elevated, Federal Reserve officials expressed caution at their last meeting about cutting interest rates too quickly, adding to uncertainty about their next moves. Even if inflation continued declining to the Fed’s 2% target, officials said, “it would likely be appropriate to move gradually” in lowering rates, according to minutes of the November 6-7 meeting. The minutes don’t specifically provide much guidance about what the Fed will do at its next meeting in December. Wall Street investors see the odds of another quarter-point reduction in the Fed’s key rate at that meeting as nearly even, according to CME Fedwatch. Canadian officials blast Trump's tariff threat and one calls Mexico comparison an insult TORONTO (AP) — Canadian officials are blasting President-elect Donald’s Trump’s threat to impose sweeping tariffs. The leader of Canada's most populous province on Tuesday called Trump’s comparison of Canada to Mexico “the most insulting thing I’ve ever heard.” Trump has threatened to impose tariffs on products from Canada, Mexico and China as soon as he takes office in January as part of efforts to crack down on illegal immigration and drugs. He said he would impose a 25% tax on all products entering the U.S. from Canada and Mexico. Canadians say their economy and the U.S. one are deeply intertwined and Americans would feel tariffs, too. Biden proposes Medicare and Medicaid cover costly weight-loss drugs for millions of obese Americans WASHINGTON (AP) — Millions of obese Americans would be eligible to have popular weight-loss drugs like Wegovy or Zepbound covered by Medicare or Medicaid under a new rule the Biden administration proposed Tuesday morning. The proposal, which would not be finalized until after President-elect Donald Trump takes office, could cost taxpayers as much as $35 billion over the next decade. It would give millions of people access to weekly injectables that have helped people shed pounds so quickly that some people have labeled them miracle drugs. Surveillance tech advances by Biden could aid in Trump's promised crackdown on immigration President-elect Donald Trump will return to power next year with a raft of technological tools at his disposal that would help deliver his campaign promise of cracking down on immigration — among them, surveillance and artificial intelligence technology that the Biden administration already uses to help make crucial decisions in tracking, detaining and ultimately deporting immigrants lacking permanent legal status. One algorithm, for example, ranks immigrants with a “Hurricane Score,” ranging from 1-5, to assess whether someone will “abscond” from the agency’s supervision. It’s almost time for Spotify Wrapped. When can you expect your 2024 recap? NEW YORK (AP) — It’s almost that time of year. Spotify is gearing up to release its annual Spotify Wrapped, a personalized recap of its users' listening habits and year in audio. The streaming service has been sharing these personalized analyses with since 2016. And each year, it’s become a bigger production than the last. Spotify claimed its 2023 Wrapped was the “biggest ever created” in terms of audience reach and the kind of data it provided to users. But information on Wrapped's 2024 release has been kept under ... er, wraps. In previous years, it’s been released after Thanksgiving, between Nov. 30 and Dec. 6. Thanksgiving travel is cranking up. Will the weather cooperate? The Thanksgiving travel rush is picking up, with Tuesday and Wednesday expected to be much busier than the last couple days. A lot of travelers will be watching weather forecasts to see if rain or snow could slow them down. The Transportation Security Administration expects to screen more than 2.8 million people on Tuesday and 2.9 million on Wednesday after handling more than 2.5 million people on Monday. So far, relatively few flights have been canceled this week, but there have been thousands of delayed flights every day. That is becoming normal for U.S. airlines. Federal agency raises the size of most single-family loans the government can guarantee to $806,500 The Federal Housing Finance Agency is increasing the size of home loans that the government can guarantee against default as it takes into account rising housing prices. Beginning next year, mortgage buyers Fannie Mae and Freddie Mac will be able to acquire loans of up to $806,500 on single-family homes in most of the country, the agency said Tuesday. The new conforming loan limit is a 5.2% increase from its 2024 level. FHFA oversees Fannie Mae and Freddie Mac, which buy home loans from banks and other lenders. FHFA adjusts the loan limits annually to reflect changes in U.S. home values, which have been rising this year despite a national home sales slump.NEW YORK, Dec. 22, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Marqeta, Inc. MQ and certain of the Company's senior executives for potential violations of the federal securities laws. If you invested in Marqeta, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/marqeta-inc . Investors have until February 7, 2025, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Marqeta securities. The first-filed case is pending in the U.S. District Court for the Northern District of California and is captioned Wai v. Marqeta, Inc., et al. , No. 24-cv-8874. Why was Marqeta Sued for Securities Fraud? Marqeta is a financial technology company that provides a card issuing platform, enabling businesses to create and manage customized payment cards. During the relevant period, Marqeta discussed its ability to attract and retain customers while continuing to achieve operational efficiencies given the purported investments it already made into its compliance infrastructure. In truth, it is alleged that at the time the statements were made, Marqeta experienced longer customer onboarding timelines caused by heightened regulatory scrutiny and insufficient investments into the Company's compliance apparatus. The Stock Declines as the Truth is Revealed On November 4, 2024, the Company reported its third quarter 2024 financial results and cut its full year 2025 growth outlook, due to "heightened scrutiny of the banking environment and specific customer program changes." On the earnings call the same day, the Company revealed that "the regulatory scrutiny" had "clearly ratcheted up" in the "first few months of 2024." Marqeta also admitted that the impact the increased scrutiny had on the Company's business "became apparent over the last few months." This news caused the price of the Company's stock to fall over 42%, from a closing price of $5.95 per share on November 4, 2024, to $3.42 per share on November 5, 2024. Click here if you suffered losses: https://www.bfalaw.com/cases-investigations/marqeta-inc . What Can You Do? If you invested in Marqeta you may have legal options and are encouraged to submit your information to the firm. All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses. Submit your information by visiting: https://www.bfalaw.com/cases-investigations/marqeta-inc Or contact: Ross Shikowitz ross@bfalaw.com 212-789-3619 Why Bleichmar Fonti & Auld LLP? Bleichmar Fonti & Auld LLP is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It was named among the Top 5 plaintiff law firms by ISS SCAS in 2023 and its attorneys have been named Titans of the Plaintiffs' Bar by Law360 and SuperLawyers by Thompson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors (pending court approval), as well as $420 million from Teva Pharmaceutical Ind. Ltd. For more information about BFA and its attorneys, please visit https://www.bfalaw.com . https://www.bfalaw.com/cases-investigations/marqeta-inc Attorney advertising. Past results do not guarantee future outcomes. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.