Jamiya Neal finished with 19 points, nine rebounds, nine assists and four blocks to lead host Creighton over UNLV 83-65 on Saturday in Omaha, Neb. Creighton was without star Pop Isaacs, who was ruled out for the season on Saturday morning after undergoing surprise hip surgery. It was a startling turn, considering Isaacs led Creighton with 27 points in Wednesday's win over No. 1 Kansas. Neal and Steven Ashworth (17 points) anchored the backcourt in Isaacs' absence, combining to make 13-of-20 shots from the field. Neal made 7 of his 10 and Ashworth 6 of 10. Isaac Traudt also stepped up, making five 3-pointers off the bench to account for all 15 of his points. Ryan Kalkbrenner scored 12 points, making 4-of-5 attempts from the field, and added six rebounds. Creighton opened the second half on a 10-0 run, extending its lead to 49-27 before UNLV mustered an answer. Creighton made 10 consecutive shots early in the second half, extending its lead to a 62-41 with 12:20 remaining. Dedan Thomas Jr. paced UNLV with 18 points on 7-of-16 shooting, making 1 of 4 attempts from 3-point range. Jailen Bedford added a team-high 20 points for the Rebels on 8-of-15 shooting, scoring 17 points in the second half. Julian Rishwain added 10 points on 4-of-8 shooting, but UNLV's second leading scorer for the season, Jeremiah Cherry, was limited to just four points in 16 minutes after early foul trouble. Creighton shot a resounding 63.3 percent from the field for the game, including going 10-of-20 from beyond the arc. Creighton outscored UNLV 38-34 in the paint and outrebounded them 34-21. UNLV finished the game shooting 42.2 percent field, making 7-of-21 attempts from distance. --Field Level Media
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Peter Bart: Celebrity Documentaries Command Lofty Prices Even As Star Power Appears To Be Losing Its LusterJones, Mellott help Montana State run over Montana 34-11Financial Highlights : 4 th Quarter consolidated sales of $446.7 million; $1.80 billion for fiscal 2024 Outstanding debt reduced by $53.8 million during the quarter Cost reduction actions progressing well Company sets adjusted EBITDA guidance for fiscal 2025 Webcast: Friday, November 22, 2024, 9:00 a.m., (201) 689-8471 PITTSBURGH, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Matthews International Corporation (NASDAQ GSM: MATW) today announced financial results for the quarter and fiscal year ended September 30, 2024. In discussing the Company’s results, Joseph C. Bartolacci, President and Chief Executive Officer, stated: “Our consolidated operating results for the fiscal 2024 fourth quarter reflected another quarter of solid performance by our core businesses and, consistent with prior quarters, was impacted by continuing customer delays in our energy business. Our previously announced cost reduction program is now underway, as evidenced by the charges reflected in our GAAP results this quarter, and progressing well. Overall, we were pleased with the consolidated operating results as we again demonstrated the resilience of Matthews and our employees in mitigating the challenges faced by one of our segments. For the year ended September 30, 2024, consolidated adjusted EBITDA was $205.2 million. “The Memorialization segment reported higher adjusted EBITDA for the current quarter despite lower unit volumes, which were related to a decline in U.S. deaths compared to a year ago. Ongoing cost control efforts combined with improved price realization were the key drivers in the improvement in operating margins. This segment has done a tremendous job of maintaining its level of performance over the past several years despite the declines in unit volume following the pandemic. “We are also pleased to report that our SGK Brand Solutions segment reported another consecutive quarter of year-over-year sales growth. This segment has stabilized nicely over the last two years with modest improvements in margins and is continuing its recovery following the global impacts of the pandemic and the European impact of the Russia-Ukraine war. Sales for the segment increased compared to a year ago primarily reflecting improved pricing to mitigate inflationary cost increases, higher sales for the merchandising and private label businesses, and growth in the Asia-Pacific market. “Sales for the Industrial Technologies segment for the fiscal 2024 fourth quarter declined from a year ago primarily resulting from further customer delays in our energy business. The current quarter also reflected a continued soft warehouse automation market; however, order rates have been improving recently which could bode well for a good recovery next fiscal year. “With respect to our cost reduction program, current quarter charges include non-cash goodwill impairment and other asset write-downs primarily in connection with our European operations, in addition to severance and other costs. The program is also targeting general and administrative cost reductions. For our fiscal 2024 fourth quarter, we reported another quarter of lower corporate and non-operating costs compared to a year ago. For the year, corporate and non-operating costs were approximately 5% lower than last year. “During the fiscal 2024 fourth quarter, we reduced our outstanding debt by $53.8 million. In addition, we completed the refinancing of outstanding senior notes due December 1, 2025. Due to current interest rates and the ongoing strategic review of our business portfolio, we opted for a shorter-term bond (three-year maturity) with an ability to call in one year. We are projecting higher operating cash flow next year as our working capital investments in fiscal 2024 begin to convert to operating cash flow, which will be partially mitigated by costs in connection with our cost reduction program. “Looking forward to fiscal 2025, we continue to face the uncertainty of project timing in our Industrial Technologies segment, specifically relating to our energy business. While we currently expect deliveries to be substantially completed during the year, quarterly timing is still difficult to forecast. Our cost reduction programs should mitigate some of this impact. “We expect another solid performance for our Memorialization business in fiscal 2025 as U.S. deaths appear to have generally normalized following COVID and we are projecting continued growth in our cremation-related products sales. Continued growth is also projected for our SGK Brand Solutions segment reflecting ongoing improvement in U.S. market conditions, more stable conditions in Europe, and further growth in the Asia-Pacific region. In the Industrial Technologies segment, our product identification business is projecting growth next year and we should start to realize benefits from the launch of a new printhead product, which is currently scheduled for the latter half of the fiscal year. Also, as noted earlier, recent improving order rates for warehouse automation solutions should support recovery in this business. With these considerations in mind, we remain cautious and are projecting adjusted EBITDA in the range of $205 million to $215 million for fiscal 2025. “Lastly, as growth opportunities for the Industrial Technologies segment continue to emerge, the Company has been exploring strategies with respect to its portfolio of businesses. Accordingly, we have retained J.P. Morgan to support the evaluation of potential strategic alternatives.” Fourth Quarter Fiscal 2024 Consolidated Results (Unaudited) Consolidated sales for the fiscal 2024 fourth quarter were $446.7 million, compared to $480.2 million for the fiscal 2023 fourth quarter, representing a decrease of $33.5 million. Net loss attributable to the Company for the quarter ended September 30, 2024 was $68.2 million, or $2.21 per share, compared to net income of $17.7 million, or $0.56 per share, for the same quarter last year. On a non-GAAP adjusted basis, earnings for the fiscal 2024 fourth quarter were $0.55 per share, compared to $0.96 per share a year ago. The net loss on a GAAP basis in the current fiscal quarter primarily reflected asset write-downs, including a goodwill impairment charge, and charges in connection with cost reduction programs. Adjusted EBITDA (net income before interest expense, income taxes, depreciation and amortization, and other adjustments) for the fiscal 2024 fourth quarter was $58.1 million, compared to $61.9 million a year ago, primarily reflecting lower adjusted EBITDA in the Industrial Technologies segment. Fiscal 2024 Consolidated Results (Unaudited) Consolidated sales for the year ended September 30, 2024 were $1.80 billion, compared to $1.88 billion a year ago, representing a decrease of $85.2 million, or 4.5%, from the prior year. Net loss attributable to the Company for the year ended September 30, 2024 was $59.7 million ($1.93 per share), compared to net income of $39.3 million ($1.26 per share) for fiscal 2023. On a non-GAAP adjusted basis, earnings for the year ended September 30, 2024 were $2.17 per share, compared to $2.88 per share last year. The net loss on a GAAP basis for the current fiscal year primarily resulted from asset write-downs, including a goodwill impairment charge, and charges in connection with cost reduction programs. Adjusted EBITDA for the year ended September 30, 2024, was $205.2 million, compared to $225.8 million a year ago. The decrease reflected lower adjusted EBITDA for the Industrial Technologies and Memorialization segments, offset partially by higher adjusted EBITDA for SGK Brand Solutions and lower corporate and other non-operating costs. Webcast The Company will host a conference call and webcast on Friday, November 22, 2024, at 9:00 a.m. Eastern Time to review its financial and operating results and discuss its corporate strategies and outlook. A question-and-answer session will follow. The conference call can be accessed by dialing (201) 689-8471. The audio webcast can be monitored at www.matw.com . As soon as available after the call, a transcript of the call will be posted on the Investor Relations section of the Company’s website at www.matw.com . About Matthews International Corporation Matthews International Corporation is a global provider of memorialization products, industrial technologies, and brand solutions. The Memorialization segment is a leading provider of memorialization products, including memorials, caskets, cremation-related products, and cremation and incineration equipment, primarily to cemetery and funeral home customers that help families move from grief to remembrance. The Industrial Technologies segment includes the design, manufacturing, service and sales of high-tech custom energy storage solutions; product identification and warehouse automation technologies and solutions, including order fulfillment systems for identifying, tracking, picking and conveying consumer and industrial products; and coating and converting lines for the packaging, pharma, foil, décor and tissue industries. The SGK Brand Solutions segment is a leading provider of packaging solutions and brand experiences, helping companies simplify their marketing, amplify their brands and provide value. The Company has over 11,000 employees in more than 30 countries on six continents that are committed to delivering the highest quality products and services. Forward-looking Information Any forward-looking statements contained in this release are included pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding the expectations, hopes, beliefs, intentions or strategies of the Company regarding the future, and may be identified by the use of words such as “expects,” “believes,” “intends,” “projects,” “anticipates,” “estimates,” “plans,” “seeks,” “forecasts,” “predicts,” “objective,” “targets,” “potential,” “outlook,” “may,” “will,” “could” or the negative of these terms, other comparable terminology and variations thereof. Such forward-looking statements involve known and unknown risks and uncertainties that may cause the Company’s actual results in future periods to be materially different from management’s expectations, and no assurance can be given that such expectations will prove correct. Factors that could cause the Company's results to differ materially from the results discussed in such forward-looking statements principally include changes in domestic or international economic conditions, changes in foreign currency exchange rates, changes in interest rates, changes in the cost of materials used in the manufacture of the Company's products, any impairment of goodwill or intangible assets, environmental liability and limitations on the Company’s operations due to environmental laws and regulations, disruptions to certain services, such as telecommunications, network server maintenance, cloud computing or transaction processing services, provided to the Company by third-parties, changes in mortality and cremation rates, changes in product demand or pricing as a result of consolidation in the industries in which the Company operates, or other factors such as supply chain disruptions, labor shortages or labor cost increases, changes in product demand or pricing as a result of domestic or international competitive pressures, ability to achieve cost-reduction objectives, unknown risks in connection with the Company's acquisitions and divestitures, cybersecurity concerns and costs arising with management of cybersecurity threats, effectiveness of the Company's internal controls, compliance with domestic and foreign laws and regulations, technological factors beyond the Company's control, impact of pandemics or similar outbreaks, or other disruptions to our industries, customers, or supply chains, the impact of global conflicts, such as the current war between Russia and Ukraine, the outcome of the Company's dispute with Tesla, Inc. ("Tesla"), and other factors described in the Company’s Annual Report on Form 10-K and other periodic filings with the U.S. Securities and Exchange Commission. Reconciliations of Non-GAAP Financial Measures Included in this report are measures of financial performance that are not defined by GAAP, including, without limitation, adjusted EBITDA, adjusted net income and EPS, constant currency sales, constant currency adjusted EBITDA, net debt and net debt leverage ratio. The Company defines net debt leverage ratio as outstanding debt (net of cash) relative to adjusted EBITDA. The Company uses non-GAAP financial measures to assist in comparing its performance on a consistent basis for purposes of business decision-making by removing the impact of certain items that management believes do not directly reflect the Company’s core operations including acquisition and divestiture costs, ERP integration costs, strategic initiative and other charges (which includes non-recurring charges related to certain commercial and operational initiatives and exit activities), stock-based compensation and the non-service portion of pension and postretirement expense. Constant currency sales and constant currency adjusted EBITDA remove the impact of changes due to foreign exchange translation rates. To calculate sales and adjusted EBITDA on a constant currency basis, amounts for periods in the current fiscal year are translated into U.S. dollars using exchange rates applicable to the comparable periods of the prior fiscal year. Management believes that presenting non-GAAP financial measures is useful to investors because it (i) provides investors with meaningful supplemental information regarding financial performance by excluding certain items that management believes do not directly reflect the Company's core operations, (ii) permits investors to view performance using the same tools that management uses to budget, forecast, make operating and strategic decisions, and evaluate historical performance, and (iii) otherwise provides supplemental information that may be useful to investors in evaluating the Company’s results. The Company's calculations of its non-GAAP financial measures, however, may not be comparable to similarly titled measures reported by other companies. The Company believes that the presentation of these non-GAAP financial measures, when considered together with the corresponding GAAP financial measures and the reconciliations to those measures, provided herein, provide investors with an additional understanding of the factors and trends affecting the Company’s business that could not be obtained absent these disclosures. * Depreciation and amortization was $7,368 and $6,646 for the Memorialization segment, $6,028 and $5,600 for the Industrial Technologies segment, $9,724 and $11,299 for the SGK Brand Solutions segment, and $1,209 and $1,172 for Corporate and Non-Operating, for the three months ended September 30, 2024 and 2023, respectively. Depreciation and amortization was $27,768 and $23,738 for the Memorialization segment, $23,772 and $23,184 for the Industrial Technologies segment, $38,667 and $44,842 for the SGK Brand Solutions segment, and $4,563 and $4,766 for Corporate and Non-Operating, for the fiscal years ended September 30, 2024 and 2023, respectively. ** Acquisition costs, ERP integration costs, non-recurring/incremental COVID-19 costs, and strategic initiatives and other charges were $1,309 and $22 for the Memorialization segment, $40,069 and $614 for the Industrial Technologies segment, $307 and $3,878 for the SGK Brand Solutions segment, and $6,784 and $2,502 for Corporate and Non-Operating, for the three months ended September 30, 2024 and 2023, respectively. Acquisition costs, ERP integration costs, non-recurring/incremental COVID-19 costs, and strategic initiatives and other charges were $3,514 and $1,002 for the Memorialization segment, $54,357 and $4,108 for the Industrial Technologies segment, $3,001 and $10,905 for the SGK Brand Solutions segment, and $10,290 and $3,201 for Corporate and Non-Operating, for the fiscal years ended September 30, 2024 and 2023, respectively. † Strategic initiatives and other charges includes charges for exit and disposal activities (including severance and other employee termination benefits) totaling $41,353 and $6,003 for the three months ended September 30, 2024 and 2023, respectively. $29,283, $1,492, and $10,578 were presented in cost of sales, selling expense, and administrative expense for the three months ended September 30, 2024, respectively. Charges of $4,925 and $1,429, and a credit of $351 were presented in cost of sales, selling expense, and administrative expense for the three months ended September 30, 2023, respectively. Strategic initiatives and other charges includes charges for exit and disposal activities (including severance and other employee termination benefits) totaling $45,705 and $13,210 for the fiscal years ended September 30, 2024 and 2023, respectively. $32,526, $1,379 and $11,800 were presented in cost of sales, selling expense, and administrative expense for the fiscal year ended September 30, 2024, respectively. $9,028, $1,925 and $2,257 were presented in cost of sales, selling expense, and administrative expense for the fiscal year ended September 30, 2023, respectively. Accrued severance and other employee termination benefits totaled $42,245 and $7,321 as of September 30, 2024 and 2023, respectively. Matthews International Corporation Corporate Office Two NorthShore Center Pittsburgh, PA 15212-5851 Phone: (412) 442-8200No. 2 Ohio State answered the call against the No. 5 Indiana Hoosiers. Despite the buzz surrounding Indiana's surprise 10-0 start under first-year head coach Curt Cignetti, the Buckeyes shut down any hopes of an upset early. Ohio State entered halftime with a one-touchdown lead and outscored Indiana by 17 points in the second half to cruise to a 38-15 victory. Unsurprisingly, there was some trolling from Ohio State directed at Indiana during and after the big win. From Buckeyes quarterback Will Howard's touchdown celebration to OSU head coach Ryan Day tacking on an extra score late in the game, the Buckeyes had some words for the Hoosiers. NCAAF HQ: Live NCAAF scores | Updated NCAAF standings | Full NCAAF schedule Did Ryan Day run up the score? You be the judge here. Indiana found the end zone for the second time Saturday with 1:53 remaining in the game. The Buckeyes were expected to just run the ball for a first down and either run out the clock or kneel down to ice the win at Ohio Stadium. But Buckeyes running back TreVeon Henderson ran 38 yards and went down right at the Indiana 1-yard line with 1:10 left on the clock. Instead of kneeling down, Day decided to add insult to injury and punch the ball into the end zone. His quarterback Will Howard scored on a one-yard run to give Ohio State a 23-point lead. After the game, Day told reporters that he wanted to put an exclamation point on the game. Ryan Day said they decided to put an exclamation point on the game at the end pic.twitter.com/vGhKHKE8W4 Cignetti was asked about the last score, and the head coach simply stated that Day "has to do what he's got to do for his team." Will Howard trolls Curt Cignetti: 'Google that!' First, a brief backstory: During one of Cignetti's first Indiana press conferences last December, the new head coach was asked about how he planned to sell his visions to recruits. His response went viral , as he said: "It's pretty simple, I win — Google me." Indiana Coach Curt Cignetti: I win. Google me. Nick Saban vibes. pic.twitter.com/FyOjgRPIW8 After Howard scored for Ohio State, he mimicked typing on a keyboard and told a camera: "Google that!" Will Howard “Google That” then proceeds to put the Cig out and stomp on it 😳 #IU #OSU #Hoosiers #Buckeyes pic.twitter.com/OcuSe9wFct Ohio State's social media department even got in on the "Google me" trolling: GoogLed It. #GoBucks pic.twitter.com/JCpi2rwVf6 Oh, and there was this on the OSU scoreboard after the game: Hot off the presses! pic.twitter.com/st0yiijYoi Howard also pretended to put a cigarette out toward the direction of Cignetti: Will Howard with a message for Indiana after the game pic.twitter.com/LAzIptzMKO After the game, Howard was asked by Fox sideline reporter Jenny Taft about his celebrations. He clarified that he was just having fun, and that he has plenty of respect for Indiana and for Cignetti. “I was just having some fun with it. I got a lot of respect for those guys, man. I think what coach Cignetti’s done over there, he’s done a heck of a job.” @JennyTaft asked @OhioStateFB QB Will Howard about the ‘Google me’ reaction 😅 pic.twitter.com/1G8VxL36fF While these two teams won't meet again in the Big Ten title game with Oregon already locked into one of the spots, we could get a rematch in the College Football Playoff. If they do, you can go ahead and bring your popcorn.
The United States women’s national soccer team is about to look different. Veteran USWNT goalkeeper Alyssa Naeher announced on Monday that she is retiring from international competition. Naeher will play in a pair of U.S. international friendlies in the coming days (against England on Nov. 30 and against the Netherlands on Dec. 3) before officially calling it quits. “Having the opportunity to be a part of the USWNT for the past 15 years has been the greatest honor,” Naeher said in a statement . “When I began this journey, I never could have imagined where it would take me, and now I find myself so grateful for all the incredible teammates that I have shared the field with; teammates that have turned into lifelong friends. “To all my teammates, coaches and staff, thank you all for pushing me, supporting me, and making me a better person/player every single day,” she added. “A special thanks goes to my family. You have traveled all over the world and were in my corner every step of the way and I love you all.” After previously starring for U.S. youth teams, Naeher, now 36 years old, debuted for the senior team back in 2014 and quickly climbed the ranks to become the USWNT’s No. 1 goalkeeper. Naeher displaced Hope Solo for the position after the 2016 Rio Olympics and went on to enjoy a very strong run in international play. She was the one in goal for the USWNT during their victories in the 2019 Women’s World Cup as well as during the 2024 Paris Olympics. Naeher also helped the USWNT win bronze in the 2020 Tokyo Olympics and went viral for plenty of incredible saves over the years . With Naeher now retiring, Casey Murphy and Phallon Tullis-Joyce, both 28 years old, will be among the options to succeed her as the USWNT’s No. 1 keeper. Naeher will also still be sticking around at the club level, where she currently plays for the Chicago Red Stars of the National Women’s Soccer League (NWSL). This article first appeared on Larry Brown Sports and was syndicated with permission.
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Share Tweet Share Share Email In India, gold holds a deep cultural allure and is much more than a symbol of wealth; it’s woven into the fabric of everyday life. Traditionally, gold has been a stalwart in wealth preservation and a safeguard against financial volatility. Families pass it down through generations, ensuring its value is both sentimental and economic. As modern markets evolve digital gold is the innovation that allows investors to trade and invest in gold online, offering unprecedented access and convenience. Yet, it raises the question, of which should investors choose, traditional or digital? Noted philanthropist and investment professional, Jatin Mansata , explores the benefits and challenges of traditional versus digital gold investments, guiding investors in making informed decisions about their portfolio strategies. Understanding Traditional Gold Investments in India Gold has been an integral part of Indian heritage and economy for centuries. It’s not just an asset but a symbol of prosperity, tradition, and cultural identity. Gold jewelry in India often transcends its monetary value. It’s an emotional asset, woven into the tapestry of life’s major events and ceremonies. From weddings to religious festivals, gold jewelry plays a central role. It symbolizes purity and wealth, both in spiritual rituals and personal milestones. Families often treasure these pieces, passing them down through generations, making gold a familial heirloom and a store of value. Though not always seen as a liquid asset due to its emotional attachment, in times of need, gold jewelry can be leveraged as a financial backup. When it comes to practicality, investing in gold bullion and coins stands out. These investments are tangible and carry a clear assurance of value. Storage, however, poses challenges. Safeguarding significant amounts of physical gold necessitates secure environments, such as bank lockers, which involve additional expenses. Despite the logistical hurdles, coins and bullion offer liquidity, enabling easier conversion back to cash, a consideration for many investors. The gold market in India is closely tied to global economic shifts. In recent years, gold prices have been influenced by factors such as inflation trends, geopolitical tensions, and central bank policies. “Traditionally, gold has been viewed as a hedge against inflation, its allure strengthened during periods of economic uncertainty,” says Jatin Mansata. “It’s crucial for investors to keep an eye on global economic indicators when investing in traditional gold, as these can significantly affect prices and overall returns.” Keeping these trends in mind can help you time investments effectively and maximize potential gains. Exploring Digital Gold Investments The advent of digital gold has transformed how investors approach gold investments in India. This modern alternative offers a unique blend of traditional value and technological convenience. As the digital economy grows, understanding digital gold becomes crucial for anyone considering diversifying their investment portfolio. Digital gold represents a method of investing in gold without the need for physical storage. It’s made possible through online platforms that allow you to buy, sell, and store gold digitally. Each investment is backed by an equivalent physical stock of gold, ensuring its value remains tangible. Unlike traditional investments, which require physical possession, digital gold streamlines the process using advanced technology like blockchain. This ensures secure transactions and a transparent record-keeping system, setting it apart from its physical counterparts. Digital gold brings several advantages to the table, making it an attractive option for modern investors. It notably reduces transaction costs, as there is no need to handle the physical metal, which in turn minimizes expenses related to storage and safety. By purchasing digital gold you avoid the hassle of visiting banks or dealers, and since transactions can be done anytime, it fits seamlessly into the busiest of lifestyles. And since the gold is held in electronic form, worries about theft, loss, or damage are substantially diminished, allowing for peace of mind. Despite its benefits, digital gold carries its own set of risks and challenges. Regulatory hurdles could arise as governments continue to grapple with the evolving nature of digital assets. Notes Mansata, “Rules and guidelines regarding taxation and compliance are still being shaped, which can pose uncertainties.” The digital divide in India means not everyone has equal access to internet services or digital literacy. This gap can limit who can invest in digital gold and how effectively they can manage their investments. Comparative Analysis of Traditional and Digital Gold Investments Investing in gold , whether through physical assets or digital means, offers distinct advantages and considerations for Indian investors, particularly in liquidity, cost, and long-term potential. Traditional gold in jewelry, coins, or bars holds tangible value, though its liquidity varies. Coins and bullion are often easier to trade than jewelry, which may require appraisals. Digital gold, on the other hand, offers high liquidity with online transactions, enabling fast access to the market without geographical limits. The costs differ as well. Traditional gold includes making charges, storage, and insurance, impacting returns. Digital gold eliminates storage and insurance needs, offering lower transaction fees and competitive pricing, appealing to cost-conscious investors. Both forms of gold show strong long-term potential. “Traditional gold holds cultural significance and proven value, while digital gold brings modern convenience and cost efficiency,” says Mansata. Investors should consider the historical stability of traditional gold against digital gold’s accessibility when shaping a portfolio strategy that aligns with their goals. Future Trends in Gold Investment in India The gold investment landscape in India is rapidly changing. While traditional gold remains revered, modern instruments like gold ETFs and sovereign gold bonds are transforming how people invest in this timeless asset. Gold ETFs offer exposure to gold without the need for physical ownership, providing flexibility and typically lower costs. Sovereign gold bonds, backed by the Indian government, offer capital appreciation, annual interest, and tax-exempt returns at maturity, combining security with profitability. Technological advancements are reshaping gold trading as well. Blockchain adds security and transparency to transactions, reducing fraud risk and boosting investor confidence. Online trading platforms make gold accessible beyond local markets, aligning with global trends. As technology and financial innovations advance, the appeal of both traditional and digital gold grows. Traditional gold serves as a cultural anchor and a stable asset in downturns, while digital gold attracts tech-savvy investors with its ease and affordability. Balancing both options allows for a portfolio that leverages the stability of traditional gold with the accessibility of modern options, suiting diverse goals and risk preferences. Related Items: Digital Investing , Gold Investments , Jatin Mansata Share Tweet Share Share EmailRobbins LLP Reminds Investors with Large Losses to Seek Counsel to Move For Lead Plaintiff in the Mynaric AG Class ActionWashington, Dec 13 (PTI) US President Joe Biden has issued clemency to nearly 1500 people, including four Indian-Americans. These four Indian-Americans are Meera Sachdeva, Babubhai Patel, Krishna Mote and Vikram Dutta. Also Read | 'Maverick Diplomacy': Donald Trump Invites China's President Xi Jinping to Inauguration for 'Open Dialogue' Despite Tariff Threats. "America was built on the promise of possibility and second chances. As President, I have the great privilege of extending mercy to people who have demonstrated remorse and rehabilitation, restoring opportunity for Americans to participate in daily life and contribute to their communities, and taking steps to remove sentencing disparities for non-violent offenders, especially those convicted of drug offenses," Biden said in a statement on Thursday. "That is why, today, I am pardoning 39 people who have shown successful rehabilitation and have shown commitment to making their communities stronger and safer. I am also commuting the sentences of nearly 1,500 people who are serving long prison sentences – many of whom would receive lower sentences if charged under today's laws, policies, and practices,” he said. Also Read | Donald Trump Named Time Magazine’s Person of Year, Rings New York Stock Exchange’s Opening Bell. This was the largest single-day act of clemency in recent times. In December 2012, Dr Meera Sachdeva was sentenced to 20 years in prison and ordered to repay nearly USD8.2 million for fraud at a former Mississippi cancer centre she ran. She is now 63. Babubhai Patel was sentenced to 17 years on 26 convictions for a healthcare fraud conspiracy, a drug conspiracy, and related fraud and drug violations in 2013. Also in 2013, Krishna Mote, 54, was sentenced to serve life in prison after he was convicted of conspiracy to distribute more than 280 grams of crack cocaine and more than 500 grams of cocaine, and distribution of crack cocaine as an aider and abettor. Vikram Dutta, 63, was in January 2012 sentenced in a Manhattan federal court to 235 months in prison after he was found guilty of conspiracy charges stemming from his use of his perfume distribution business to launder millions of dollars for a Mexican narcotics organisation. (This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)ODESSA, Texas--(BUSINESS WIRE)--Dec 10, 2024-- The Permian Basin Water In Energy Conference (PBWIEC) returns for its eighth year March 4-6, 2025, at the Bush Convention Center in Midland. Hosted by the University of Texas Permian Basin’s Shepperd Leadership Institute , this premier event brings together industry leaders, government officials, researchers, and stakeholders to tackle water challenges critical to energy production in the Permian Basin and beyond. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241210245620/en/ Pictured left to right: Ashley Kegley-Whitehead (Infinity Water Solutions), Rep. Meredith Dixon (New Mexico House of Representatives), Secretary James C. Kenney (New Mexico Environment Department), Jennifer Bradfute (Bradfute Law). (Photo: Business Wire) The Permian Basin is the largest oil-producing region in the United States, but energy production requires substantial water resources. As water scarcity becomes a growing concern, the PBWIEC serves as a critical forum for discussing sustainable water management, technological advancements, and regulatory frameworks. Attendees will hear from experts across sectors who will share insights on water recycling, desalination, conservation strategies, and policy developments aimed at balancing the needs of the energy industry and the environment. Registration is now open for the conference. Sponsorship opportunities are also available, offering unique ways for organizations to showcase their leadership and support for innovation in water management and energy production. Information about individual registration and sponsorship opportunities can be found at www.waterinenergy.com . The University of Texas Permian Basin (UTPB) plays a key role in the PBWIEC, with students, faculty, and researchers actively contributing to the dialogue. UTPB’s involvement reinforces its commitment to advancing academic-industry partnerships and supporting research initiatives that impact the region. Through the conference, students gain invaluable experience and networking opportunities, helping shape the next generation of energy and environmental leaders. "The PBWIEC exemplifies our commitment to addressing real-world challenges by connecting academia and industry," said Monica Tschauner, Executive Director of the Shepperd Leadership Institute. "By hosting this conference, the Shepperd Leadership Institute at UTPB not only contributes to groundbreaking discussions but also helps shape the next generation of problem-solvers for the Permian Basin and beyond." Exhibitor applications are now being accepted, providing businesses the chance to connect directly with key decision-makers and highlight their solutions at the forefront of water and energy innovation. In addition, nominations are open for the prestigious Jim Woodcock Trailblazer Award, the Woman in Energy: Making Waves Award, and the Pioneering Advancements Award, recognizing outstanding contributions to the energy sector. Submit your applications and nominations today at www.waterinenergy.com . As the Permian Basin continues to be a critical energy hub, the importance of addressing water management cannot be overstated. The PBWIEC provides a platform for solution-oriented discussions that will have a lasting impact on both energy production and environmental conservation in the region. For more information on the 2025 PBWIEC and registration details, please visit www.waterinenergy.com and access the [Press Kit] here. View source version on businesswire.com : https://www.businesswire.com/news/home/20241210245620/en/ CONTACT: Savannah Woodward Director of Special Events Shepperd Leadership Institute (903) 417-7700 woodward_s@utpb.edu KEYWORD: TEXAS UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: OTHER ENERGY ENVIRONMENTAL ISSUES OIL/GAS OTHER NATURAL RESOURCES SUSTAINABILITY RECYCLING ALTERNATIVE ENERGY ENERGY NATURAL RESOURCES ENVIRONMENT SCIENCE OTHER SCIENCE SOURCE: Shepperd Leadership Institute Copyright Business Wire 2024. PUB: 12/10/2024 03:07 PM/DISC: 12/10/2024 03:07 PM http://www.businesswire.com/news/home/20241210245620/en
Vegan-friendly staple Pure Kitchen is set to close one its downtown locations later this month. Co-owner and CEO David Leith said in an interview that its restaurant on the corner of William Street and Rideau Street in the ByWard Market will shut its doors on Dec. 22. Leith says the location, which opened two years ago, suffered from lower than expected sales and profits. He emphasized the decision was not based on crime in the area, noting that despite some issues during their first year in business, there have been improvements. "It's much better than it was," Leith said. "They've made some real improvements in the last six months." Pure Kitchen is well-known for its vegan and vegetarian eats, offering a wide variety of brunch, lunch and dinner options. The first Pure Kitchen location opened in Westboro in 2015. It opened a second location on Elgin Street in 2016 and a third in Kanata in 2018. A location on Preston Street closed in 2020. The closure follows a number of other ByWard Market restaurants and businesses that have closed this year, including Oz Kafe , long-time butcher Saslove's Meat Market and the Courtyard Restaurant . Shopping Trends The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop. Read about us. 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Montreal Bilingual municipalities take action as Quebec’s native English speaking population falls The 2021 Canadian census revealed the number of Quebecers whose mother tongue is English has continued to decline, and several municipalities where native English speakers were once the majority have now fallen below the 50 per cent threshold. Superior Court authorizes class action against junior hockey league over abuse of minors The Quebec Superior Court authorized the institution of a class action aimed at compensating all minors who suffered abuse while playing in the Quebec Maritimes Junior Hockey League (QMJHL). Man arrested for DUI after car crashed into Mile-End restaurant A man was arrested for drunk driving after allegedly losing control of his vehicle and hitting three parked cars before skidding off and crashing into a restaurant in Montreal's Mile-End neighbourhood early Saturday morning. 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Sask. doctor facing professional charges in circumcision case A Saskatoon doctor has been accused of unprofessional conduct following a high-cost adult circumcision that included a request for the patient to text unsecured post-op pictures of his genitals. Saskatoon Saskatoon under winter storm warning with freezing rain, heavy snow forecasted A winter storm warning has been issued for the city of Saskatoon and parts of west central Saskatchewan by Environment and Climate Change Canada (ECCC). Sask. doctor facing professional charges in circumcision case A Saskatoon doctor has been accused of unprofessional conduct following a high-cost adult circumcision that included a request for the patient to text unsecured post-op pictures of his genitals. Sask. woman killed after vehicle crashes into bottom of embankment: RCMP A 50-year-old woman from Hudson Bay, Sask. was killed after the vehicle she was in left the roadway on Highway 9 on Friday. Vancouver B.C. 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