Wingstop Announces Additional $500 Million Share Repurchase Authorization21 dead as Mozambique erupts in violence after election court ruling
AP Trending SummaryBrief at 5:25 p.m. ESTReport: Ex-Cal QB Fernando Mendoza signs with IndianaTrump'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. Stock market today: Wall Street hits records despite tariff talk NEW YORK (AP) — U.S. stocks rose to records after Donald Trump’s latest talk about tariffs created only some ripples on Wall Street. The S&P 500 rose 0.6% to reach another all-time high. The Dow Jones Industrial Average added 0.3% to its own record set the day before, while the Nasdaq composite rose 0.6% as Big Tech stocks helped lead the way. Stock markets abroad saw mostly modest losses after President-elect Trump said he plans to impose sweeping tariffs on Mexico, Canada and China as soon as he takes office. U.S. automakers and other companies that could be hurt particularly by such tariffs fell.
SAN DIEGO, Dec. 24, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a class action was filed on behalf of persons and entities that purchased or otherwise acquired Symbotic Inc. (NASDAQ: SYM) securities between February 8, 2024 and November 26, 2024. Symbotic is an automation technology company that engages in the production of a robotics and automation-based product movement technology platform. For more information, submit a form , email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbins LLP is Investigating Allegations that Symbotic Inc. (SYM) Failed to Disclose Material Weaknesses in its Internal Control Over Financial Reporting According to the complaint, on November 27, 2024, the Company filed with the SEC a Form 8-K/A, in which the Company revealed it had "identified errors in its revenue recognition related to cost overruns on certain deployments that will not be billable, which additionally impacted system revenue, income (loss) before income tax, net income (loss) and gross margin recognized in the second, third, and fourth quarters of fiscal year 2024." Further, the Company indicated that its previously issued financial statements for the fourth quarter and fiscal year 2024 and the Company’s supplemental presentation, should no longer be relied upon. On this news, the price of Symbotic stock fell over 35%, to close at $24 per share on November 27, 2024. What Now : You may be eligible to participate in the class action against Symbotic Inc. Shareholders who want to serve as lead plaintiff for the class must submit their application to the court by February 3, 2025. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here . All representation is on a contingency fee basis. Shareholders pay no fees or expenses. About Robbins LLP : Some law firms issuing releases about this matter do not actually litigate securities class actions; Robbins LLP does. A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. Since our inception, we have obtained over $1 billion for shareholders. To be notified if a class action against Symbotic Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today. Attorney Advertising. Past results do not guarantee a similar outcome. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3edbf291-c5a4-45f0-a769-259266b2c15b
Cleveland City Schools has announced the recipients of the 2024-2025 District Teachers of the Year and Novice Teachers of the Year awards. These distinguished educators embody excellence, commitment, and a profound dedication to their students' success. • Jessica Beard, Candy’s Creek Cherokee Elementary Jessica Beard has been named the 2024-2025 District Elementary Teacher of the Year. Principal Sara Whitener praised her, saying, “Jessica Beard is the example of a dedicated educator. She is caring, compassionate, and works diligently to meet the needs of all of her students. "Jessica advocates for her students and supports them academically, socially, and emotionally so that they are all able to have a successful first year in our school," Whitener added. "We are thrilled that she has been chosen to represent our district as Teacher of the Year. No one is more deserving!” • Cecily Williams, Cleveland Middle School Cecily Williams has been recognized as the 2024-2025 District Middle School Teacher of the Year. Principal Nat Akiona shared, “Cecily Williams works hard to create a classroom environment where success is accomplished through kindness and genuine care." "Her formula for creating this is a unique mixture of teamwork with her classroom counterpart and a great deal of investment in relationships with her students and their families," Akiona said. "Mrs. Williams is a great ambassador for this profession.” • Karina Burgueno, Cleveland High School Karina Burgueno, an exceptional educator at Cleveland High School, is the 2024-2025 District High School Teacher of the Year. Principal Bob Pritchard said, “Karina Burgueno is an example of what it means to be an educator. She works tirelessly, speaks life into her students, and dedicates herself to creating an inclusive and accepting environment for all cultures and backgrounds through her volunteer work. "Her love for kids and her dynamic approach to teaching inspire us all," Pritchard noted."Congratulations to our Teacher of the Year, Karina Burgueno!” • Laura Stilltrotter, Blythe-Bower Elementary Laura Stilltrotter has been named the 2024-2025 District Elementary Novice Teacher of the Year. Joel Barnes, principal of Blythe-Bower Elementary, noted, “Mrs. Stilltrotter, in her third year of teaching, operates like a seasoned veteran. Her enthusiasm in the classroom and her love for her students are evident in everything she does. We are so blessed to have her on our team!” • Grace Garrett, Cleveland Middle School Grace Garrett has been recognized as the 2024-2025 District Middle School Novice Teacher of the Year. “Grace Garrett integrates a variety of instructional strategies and classroom protocols to create a fun and caring environment for her students," Akiona said. "Ms. Garrett is also an integral part of the whole-school culture here at Cleveland Middle, finding involvement on various committees, clubs, and in the fine arts. Her enthusiasm is infectious and her kind demeanor makes her a perfect fit for this profession!” • Nichole Armstrong, Cleveland High School Nichole Armstrong is the 2024-2025 District High School Novice Teacher of the Year. “Nicole Armstrong is a ball of positive energy and a true inspiration to her students," Pritchard shared. "As a cosmetology teacher, she brings excitement and excellence to her craft, creating a classroom environment where students thrive. Her passion equips them with skills for post-secondary success, and we couldn’t be prouder of her accomplishments. Congratulations, Mrs. Armstrong!” Jeff Elliott, director of schools, expressed his pride in the honorees, stating, "These outstanding educators represent the heart of Cleveland City Schools." "Their dedication, compassion, and innovative teaching methods set a high standard for academic excellence and student engagement," Elliott said. "We are proud to have them represent our district." • Arnold Memorial Elementary: Tara Pollard; • Blythe-Bower Elementary: Dorian Franklin; • Candy’s Creek Cherokee Elementary: Jessica Beard; • Cleveland Middle School: Andrea Johnson, Cori Lawson and Cecily Williams; • Cleveland High School: Karina Burgueno, Del Halfacre and Seth Lamagna; • Mayfield Elementary: Erin Cole; • Ross Elementary: Allan DiSiena; • Stuart Elementary: Ashley McAlister; and • Yates Primary: Jessica Morgan The district level educators will go on to represent Cleveland City Schools at the regional and state level. Their recognition highlights Cleveland’s commitment to nurturing a culture of leadership, learning and excellence in education.After dominant byelection win CM Adityanath puts BJP in pole position again in UPInterview: Ambi Robotics Founder Sees 'Huge Opportunities' In New Markets‘It’s a great week for us’ – Win over Kosovo boosts Ireland’s Basketball World Cup hopes