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In addition to addressing its financial challenges, Evergrande Group has emphasized its dedication to fulfilling its obligations to customers, employees, and stakeholders. The company reassured investors that it remains committed to delivering high-quality real estate projects and maintaining its reputation as a trusted and reliable developer.Employers need to budget for year-end bonuses as part of their overall compensation strategy, considering factors such as financial performance, budget constraints, and the need to retain top talent. Decisions regarding the distribution of year-end bonuses are often carefully deliberated to ensure fairness and alignment with organizational goals. Thirteenth month pay, on the other hand, is a fixed cost that employers are required to pay based on legal or contractual obligations, without the same level of discretion or variability.
As we eagerly await the announcement on New Year's Day, one thing is certain – the reveal of the new couple will mark the beginning of a new chapter in the ever-enthralling saga of D Society. Love, power, influence, and intrigue – all will come together in a captivating display of social dynamics, setting the stage for a year filled with excitement, drama, and perhaps even a hint of scandal.The news of Liu Dabeili's unexpected death sent shockwaves through the online community, as many of her fans expressed their disbelief and sorrow. Her vibrant personality and engaging content had made her a beloved figure among her followers, who admired her confidence and style.2024 in pop culture: In a bruising year, we sought out fantasy, escapism — and cute little animals
In the world of basketball, resilience and perseverance are essential qualities that athletes must possess in order to overcome challenges and setbacks. One such athlete who exemplifies these qualities is Zhou Qi, the talented Chinese basketball player. Under the guidance and coaching of Xu Limin, Zhou Qi has shown remarkable progress in his recovery and development on the court.
SAN DIEGO, Dec. 24, 2024 (GLOBE NEWSWIRE) -- Franklin Access is pleased to announce a significant legal victory in its shareholder litigation, "In re Franklin Wireless Corp. Derivative Litigation", Case No. 21-cv-1837-BEN-MSB. On December 19th, 2024, following an 8-day jury trial, the U.S. District Court for the Southern District of California determined that the actions of the Franklin Wireless officers and directors during the relevant time period resulted in only nominal damage to the company. Plaintiffs sought in excess of $110 million in damages from the officers and directors of the company. After less than a single day of deliberation, the jury reached its verdict and awarded nominal damages of $0.99. Franklin's officers and directors were represented by lawyers Stephen M. Lobbin, of the law firm SML Avvocati P.C., and Philip Tencer, of TencerSherman LLP. Resolution of this case ends a long and difficult time for the Company's Officers and Directors, and provides certainty and clarity for the future. Management will now be free to focus on its mission to deliver innovative connectivity solutions without the distraction of litigation. For more information about Franklin Wireless, visit FranklinAccess.com. About Franklin Access Franklin Wireless (FKWL) specializes in integrated solutions, leveraging 4G LTE and 5G technologies. From mobile device management to network management solutions, the company designs innovative connectivity solutions for the digital age. Explore more at FranklinAccess.com. Safe Harbor Statement Certain statements in this press release constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. Actual results may differ materially from those expressed or implied due to various factors. For media inquiries, please contact: marketing@franklinaccess.com © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.WEST PALM BEACH, Fla. (AP) — An online spat between factions of Donald Trump's supporters over immigration and the tech industry has thrown internal divisions in his political movement into public display, previewing the fissures and contradictory views his coalition could bring to the White House. The rift laid bare the tensions between the newest flank of Trump's movement — wealthy members of the tech world including billionaire Elon Musk and fellow entrepreneur Vivek Ramaswamy and their call for more highly skilled workers in their industry — and people in Trump's Make America Great Again base who championed his hardline immigration policies. The debate touched off this week when Laura Loomer , a right-wing provocateur with a history of racist and conspiratorial comments, criticized Trump’s selection of Sriram Krishnan as an adviser on artificial intelligence policy in his coming administration. Krishnan favors the ability to bring more skilled immigrants into the U.S. Loomer declared the stance to be “not America First policy” and said the tech executives who have aligned themselves with Trump were doing so to enrich themselves. Much of the debate played out on the social media network X, which Musk owns. Loomer's comments sparked a back-and-forth with venture capitalist and former PayPal executive David Sacks , whom Trump has tapped to be the “White House A.I. & Crypto Czar." Musk and Ramaswamy, whom Trump has tasked with finding ways to cut the federal government , weighed in, defending the tech industry's need to bring in foreign workers. It bloomed into a larger debate with more figures from the hard-right weighing in about the need to hire U.S. workers, whether values in American culture can produce the best engineers, free speech on the internet, the newfound influence tech figures have in Trump's world and what his political movement stands for. Trump has not yet weighed in on the rift, and his presidential transition team did not respond to a message seeking comment. Musk, the world's richest man who has grown remarkably close to the president-elect , was a central figure in the debate, not only for his stature in Trump's movement but his stance on the tech industry's hiring of foreign workers. Technology companies say H-1B visas for skilled workers, used by software engineers and others in the tech industry, are critical for hard-to-fill positions. But critics have said they undercut U.S. citizens who could take those jobs. Some on the right have called for the program to be eliminated, not expanded. Born in South Africa, Musk was once on an a H-1B visa himself and defended the industry's need to bring in foreign workers. “There is a permanent shortage of excellent engineering talent," he said in a post. “It is the fundamental limiting factor in Silicon Valley.” Trump's own positions over the years have reflected the divide in his movement. His tough immigration policies, including his pledge for a mass deportation, were central to his winning presidential campaign. He has focused on immigrants who come into the U.S. illegally but he has also sought curbs on legal immigration , including family-based visas. As a presidential candidate in 2016, Trump called the H-1B visa program “very bad” and “unfair” for U.S. workers. After he became president, Trump in 2017 issued a “Buy American and Hire American” executive order , which directed Cabinet members to suggest changes to ensure H-1B visas were awarded to the highest-paid or most-skilled applicants to protect American workers. Trump's businesses, however, have hired foreign workers, including waiters and cooks at his Mar-a-Lago club , and his social media company behind his Truth Social app has used the the H-1B program for highly skilled workers. During his 2024 campaign for president, as he made immigration his signature issue, Trump said immigrants in the country illegally are “poisoning the blood of our country" and promised to carry out the largest deportation operation in U.S. history. But in a sharp departure from his usual alarmist message around immigration generally, Trump told a podcast this year that he wants to give automatic green cards to foreign students who graduate from U.S. colleges. “I think you should get automatically, as part of your diploma, a green card to be able to stay in this country," he told the “All-In" podcast with people from the venture capital and technology world. Those comments came on the cusp of Trump's budding alliance with tech industry figures, but he did not make the idea a regular part of his campaign message or detail any plans to pursue such changes. Michelle L. Price, The Associated Press
The wave of enthusiasm surrounding artificial intelligence (AI) continues to elevate the “Magnificent Seven” tech stocks to remarkable highs. Companies like Tesla, Apple, and Nvidia have seen their shares skyrocket, with Nvidia alone experiencing a staggering 175% increase this year. Looking into 2025, anticipation grows that the AI fervor will seep into diverse sectors, from utilities to software, as these industries become beneficiaries of Big Tech’s AI focus. Projected Market Trends Analysts have shared optimistic forecasts for the S&P 500, with expectations of reaching new heights by 2025. Goldman Sachs’ chief U.S. equity strategist predicts a benchmark of 6,500, driven by emerging growth across the tech-centric market. Although growth in large-cap stocks might decelerate, other sectors within the S&P 500 are poised for significant earnings escalation due to AI-powered advancements. Power of AI Investments AI’s transformative influence is evident as tech giants, including Microsoft and Meta, boost their capital expenditures, channeling billions into technological infrastructure. The potential energy demands of AI technologies place utility companies in focus, driving their market value by over 20% in 2024. This includes firms involved in constructing the necessary backbone to support AI’s power-hungry demands. Navigating the AI Phases Investment in AI infrastructure is transitioning, with experts highlighting new arenas of opportunity. Stocks related to AI enabling technologies, such as Visa and Adobe, are beginning to experience investor interest. Rather than merely focusing on companies producing AI hardware, the spotlight is shifting to those that harness AI for increasing sales, preparing them to thrive in the burgeoning digital landscape. Investors are advised to monitor these trends, recognizing where AI adoption could drive significant revenue growth in the near future. AI-Driven Investment Trends: The New Gold Rush As artificial intelligence (AI) continues to redefine industries, its impact on technology stocks and the wider market is gaining attention. The massive surge in “Magnificent Seven” tech stocks is emblematic of the AI tide that’s lifting market values. With Nvidia shares soaring 175% this year, projections for 2025 suggest the AI revolution will span sectors from utilities to software. Here’s an analytical dive into the evolving landscape of AI investments and market trends, along with an exploration of new opportunities for investors. Emerging AI Market Trends The anticipation of AI’s market penetration is shaping forecasts within the S&P 500 index, with analysts predicting significant benchmarks by 2025. Goldman Sachs anticipates the S&P 500 hitting a 6,500 mark, fueled by technological growth spurred by AI integration. Though there might be a slowdown in large-cap stock growth, the sectors within the S&P 500 not traditionally associated with tech are expected to see substantial earnings enhancements due to AI. Investment Shifts in AI The significant investments by tech giants like Microsoft and Meta showcase AI’s transformative promise. Billions of dollars are being invested in enhancing technological infrastructure, which is placing a spotlight on utility companies. These entities are seeing a projected market value increase of over 20% by 2024, largely because of their critical role in building the infrastructure required for AI’s energy needs. Expanding AI Horizons The investment focus is evolving beyond traditional AI hardware producers. Companies such as Visa and Adobe are drawing investor interest by utilizing AI to boost their sales operations. With AI enabling technology becoming more prominent, companies that adapt AI strategically for commercial leverage are positioned to flourish in the digital realm. Strategic Considerations for Investors Investors are well-advised to track these ongoing trends closely, identifying where AI adoption can drive future revenue increases. The focus is shifting towards companies leveraging AI to enhance sales and operational efficiency rather than relying solely on hardware innovation. Future Predictions and Considerations Looking forward, it is crucial for investors and industry stakeholders to understand both the opportunities and limitations of adopting AI technologies. As sectors ranging from utilities to software integrate AI, the strategic allocation of resources towards infrastructure and capability development will be critical. Navigating these phases will determine which businesses capitalize on AI’s potential while avoiding pitfalls. As these transformative shifts occur, staying informed about AI-driven market dynamics and making calculated investment decisions can yield significant returns. For more insights into the broader industry trends and economic forecasts, you can explore perspectives from leading financial entities like Goldman Sachs and other financial authorities.The Trump administration's reliance on tariffs as a tool to correct trade imbalances and protect domestic industries has been met with both praise and criticism. Proponents argue that the tariffs are necessary to address unfair trading practices by other countries and safeguard American jobs. However, critics have warned that the tariffs could backfire and harm the economy by raising prices, reducing exports, and disrupting supply chains.
Authorities have issued a public warning urging passengers to refrain from sticking any objects, especially watches or other items that could generate heat, onto the train windows. This simple yet crucial reminder aims to prevent similar incidents from happening in the future and to ensure the safety and well-being of all passengers.
US stocks rallied in the final, shortened trading session before the Christmas holiday. The benchmark S&P 500 ( ^GSPC ) climbed about 0.7%, while the tech-heavy Nasdaq Composite ( ^IXIC ) rose roughly 1%. The Dow Jones Industrial Average ( ^DJI ) edged up around 0.4%. Wall Street looks set to enter its Christmas break rejuvenated, after tech stocks including AI chip giant Nvidia ( NVDA ) led the march higher on Monday . Markets close at 1 p.m. ET today and are off tomorrow for Christmas Day. Sizable gains on Friday and Monday have put the indexes back on the path toward their record highs, from which they took a Fed-fueled nosedive last week. Wall Street is reassessing the path of interest rates next year as it grapples with the reality that the Fed mostly pulled off a so-called soft landing — but couldn't fully shake the US economy's inflation problem. According to the CME FedWatch tool, most bets are on two coming holds at the Fed's January and March meetings, followed by a toss-up in May. Meanwhile, many eyes continue to be trained on Nvidia, which saw a more than 3.5% gain on Monday. As Yahoo Finance's Dan Howley writes , 2024 was Nvidia's year, with the stock up some 180%. But 2025 could contain plenty of challenges. President Biden is set to decide the fate of Japanese-owned Nippon Steel's ( NISTF , 5401.T ) $15 billion bid for US Steel ( X ). The Committee on Foreign Investment in the US (CFIUS) referred the deal to Biden on Monday after failing to reach a consensus. The president has 15 days to review the deal, which he has long opposed. Despite the deal's uncertainty, shares of US Steel Corporation ( X ) edged higher on Tuesday, rising just under 1%. Bitcoin ( BTC-USD ), one of the biggest beneficiaries of the post-election rally, rose over 5% to trade above $98,000 a coin. Although the crypto lost some momentum after hitting above $100,000 earlier this month, investors and analysts remain mostly bullish heading into 2025. Trump's win in November pushed bitcoin prices to all-time highs in the immediate aftermath of the election, with the administration viewed as generally more friendly to the alternative asset class. In July, Trump attended a bitcoin conference in Nashville and has since pledged to usher in more supportive regulation . His promises also included appointing a crypto Presidential Advisory Council and firing current SEC Chair Gary Gensler, who announced he would step down on Jan. 20. Other cryptocurrencies and crypto-adjacent names echoed bitcoin's moves to the upside. Ethereum ( ETH-USD ) rose about 7% to trade around $3,500 a coin. Meanwhile, shares of MicroStrategy ( MSTR ), which owns nearly 280,000 bitcoins, rose around 6%. The company recently announced the purchase of an additional 51,780 bitcoins for $4.6 billion. MicroStrategy now holds $16.5 billion worth of bitcoin. Coinbase ( COIN ), which allows crypto trading on its platform, saw shares rise nearly 3%. It's the start of the so-called Santa Claus rally. Historically, the stock market has seen gains from the last five trading sessions of December through the first two trading days of January. So far, markets are embracing the Christmas spirit, with all three major indexes trading firmly in the green. The tech-heavy Nasdaq led the way higher in late morning trade, up about 1%. Tesla ( TSLA ), Arm Holdings ( ARM ), and Broadcom ( AVGO ) saw the largest gains within the index, rising 5%, 4%, and 3%, respectively. Most sectors also traded in the green, with Consumer Discretionary ( XLY ), Energy ( XLE ), and Tech ( XLK ) the three biggest gainers of the morning session. Health care ( XLV ) was the biggest laggard, dragged down by drug manufacturer Viatris ( VTRS ) and insurance company Cigna ( CI ). American Airlines ( AAL ) briefly grounded all flights nationwide due to a technical issue earlier this morning. The FAA lifted the ground stop at around 8 a.m. ET. American Airlines said in a statement that "a vendor technology issue briefly affected flights this morning. That issue has been resolved, and flights have resumed." The ground stop lasted for about an hour. Shares initially fell over 5% in premarket trading on the news. They've since recovered most of those losses, but are still down a little over 1% shortly after the opening bell. The development comes during a busy holiday travel day with the TSA expecting to screen nearly 30 million people from Dec. 19 through Jan. 2. In the final sprint to the Christmas holiday, markets added to gains. The tech-heavy Nasdaq Composite ( ^IXIC ) led the way higher, rising roughly 0.3%. The benchmark S&P 500 ( ^GSPC ) edged up about 0.2%, while the Dow Jones Industrial Average ( ^DJI ) hugged the flatline. Markets close at 1 p.m. ET today and are off tomorrow for Christmas Day. Christmas Eve — Markets close at 1 p.m. ET Economic data : Building permits (November); Durable Goods Orders (November); New homes sales (November); New home sales (November) Earnings : No notable earnings Here are some of the biggest stories you may have missed overnight and early this morning: Nvidia dominated 2024 big-time. Next year? Plenty of challenges. American Airlines grounds US flights amid technical glitch The Fed avoided a recession in 2024 but failed to shake inflation Biden to decide on US Steel takeover after panel deadlocks MicroStrategy mania exposes rare faultline in ETF industry Elon Musk's xAI lands $6B in new cash to fuel AI ambitions Starbucks strike to hit over 300 US stores on Christmas Eve
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Why ‘A Christmas Story’ writer Jean Shepherd was kicked off set — and Jack Nicholson lost out on role
NoneIt’s a battle of the exes at HGTV . Former Flip or Flop stars Christina Haack and Tarek El Moussa will face off in The Flip Off, premiering Jan. 25. The one-time couple will compete to see who can bag the biggest flip. On hand to judge their efforts will be various reality stars, including one of Christina’s other ex-husbands – Ant Anstead of Wheeler Dealers. Tarek and Christina face off in ‘The Flip Off’ For nearly a decade, Tarek and Christina starred in HGTV’s hit series Flip or Flop. In 2013, the then-married couple turned their business of flipping houses in Orange County into reality TV gold. Even though their marriage ended in 2017, the show continued for several more years, finally wrapping up its 10-season run in 2022 . Since Flip or Flop ended, both Tarek and Christina have continued with solo HGTV shows. She stars in Christina on the Coast, while he and his new wife, Selling Sunset star Heather Rae El Moussa, appear on The Flipping El Moussas. Now, the former couple will share the screen again in a new, six-episode show that challenges each to find, buy, renovate, and flip a house for the biggest financial gain. Tarek will compete as part of a team with Heather, while Christina is on her own. (She was originally supposed to appear on the show with her estranged husband Josh Hall.) The winner gets bragging rights as well as a first-class vacation paid for by the loser. Ant Anstead will be a judge on ‘The Flip Off’ While Josh Hall won’t be seen on The Flip Off, another one of Christina’s former husbands will be part of the show. Ant Anstead and Christina were married from December 2018 to September 2020. They have one child , a boy named Hudson. Anstead will be one of the handpicked special guest judges who evaluate Tarek and Christina’s work. Other judges include Heather Dubrow from The Real Housewives of Orange County , Amanza Smith from Selling Sunset, Izz Battres from Izzy Does It, former Flip or Flop contractor Jeff Lawrence, Jeff Lewis of Hollywood Houselift, and Tarke and Christina’s moms, Dominique El Moussa and Laurie Haack. Christina says she is going to ‘smoke’ Tarek and Heather ‘at their own game’ The competition between the exes on The Flip Off is sure to be intense. “Tarek, Heather and I have all been through a lot of stuff together, and we are all highly competitive,” Christina said. “Tarek is the self-proclaimed ‘best flipper in the world,’ but, honestly, give me a break. I can’t wait to smoke them at their own game.” Christina is confident she has what it takes to win, but Tarek insists he’s going to give her a run for her money. “When it comes to distressed real estate, I own the space and Christina doesn’t stand a chance,” Tarek said. “It all comes down to this — who’s going to rise higher from the ashes of everything that we burned to the ground?” Heather says her unique background will give her and Tarek an edge. “I come from high-end real estate, and now I’ve been flipping houses with Tarek for the last few years,” she said. “It’s my time to show how hard I’ve worked on my designs, and, more than anything, I want to prove that we can beat Christina.” In a sneak peak from the first episode (via People ), Christina breaks down when she tells Tarek her third marriage is over. “Josh and I officially split up,” she says, adding that they had a massive blow up that involved “middle fingers in the face.” The reality TV star adds that her two older kids, whom she shares with Tarek, asked her why she stayed with Josh when he wasn’t “nice” to her. “I feel like I’m in a tornado all the time and I just can’t get out of it,” she says. “Everything since, like 2016, has been so hard and so horrible.” The Flip Off premieres Wednesday, Jan. 29 at 8 p.m. ET on HGTV. For more on the entertainment world and exclusive interviews, subscribe to Showbiz Cheat Sheet’s YouTube channel .
As the game progressed, Peyton noticed an opportunity to make a play when Edwards received the ball in a high-pressure situation. With quick reflexes and anticipation, Peyton executed a well-timed steal, disrupting the opposing team's momentum and shifting the tides in favor of his team.
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