(Bloomberg) -- A rally in the world’s largest technology companies drove stocks higher, with traders wading through the latest economic data and awaiting Jerome Powell’s remarks for clues on the Federal Reserve’s next steps. Treasuries rose and the dollar fluctuated. Equities headed toward all-time highs, with the S&P 500 set for its 56th closing record in 2024. The Nasdaq 100 climbed about 1%. Nvidia Corp. led a gauge of the “Magnificent Seven” megacaps higher as the group extended this year’s surge to 62%. Salesforce Inc. jumped 9% and Marvell Technology Inc. soared 24% as their results boosted hopes both companies will keep benefiting from an industrywide boom in artificial intelligence. Just days ahead of the key jobs report, data showed employment at US companies remained firm in November while services activity expanded at the slowest pace in three months. Powell participates in a moderated discussion later Wednesday, and one of his favorite barometers of the economy — the Beige Book — will likely reflect the post-election surge in sentiment. “Right now, the odds favor another cut this month followed by a pause in January, but a significant change in the jobs landscape could rearrange those puzzle pieces,” said Chris Larkin at E*Trade from Morgan Stanley. The S&P 500 rose 0.4%. The Nasdaq 100 climbed 0.9%. The Dow Jones Industrial Average added 0.4%. European stocks advanced for a fifth consecutive session as German shares hit a fresh record. Investors were watching the no-confidence vote taking place in France. Treasury 10-year yields declined four basis points to 4.18%. The market-implied odds of a quarter-point Fed cut this month have improved to around 70%. Additionally, a cumulative 80 basis points of easing is priced in by the end of next year. To George Smith at LPL Financial, momentum could continue for stocks as December has been a good month for market seasonals. It’s overall the second-best performing month since 1950 — with a 1.6% average gain — and the third-strongest over the past five years, according to Smith. When studying the proportion of positive monthly returns since 1950, December often delivers the highest proportion of positive monthly returns — around 74%. Despite the seasonality, Smith doesn’t out the possibility of short-term weakness, especially as geopolitical threats have the potential to escalate. Equities may also need to readjust to what may be a slower and shallower Fed rate-cutting cycle than markets are currently pricing in, he noted. “We remain tactically bullish into year-end given the positive macro environment, earnings growth, and a Fed that remains supportive of markets,” wrote JPMorgan Chase & Co.’s Market Intelligence Team led by Andrew Tyler. “It is sensible to play the market’s momentum and see low pullback potential until mid-January,” they say. To some technical analysts who watch and analyze price moves, and strategists that keep an eye on investor sentiment, the initial rumblings are starting to sound a lot like a stock market that has overheated. A Bank of America Corp. indicator that tracks sell-side strategists’ average recommendations remains at its highest level since early 2022, in neutral territory, but much closer to a contrarian “sell” signal than a “buy.” “Statistically (and paradoxically), the impact of 2024’s big gains has made the market look riskier for long-term investors, but potentially safer for near-term speculators,” the Leuthold Group’s Doug Ramsey wrote this week. Leuthold’s major trend index (MTI) — which takes into account many different kinds of indicators — remains at a “high neutral,” but all of the indexes in the MTI closed last week with maximum-bullish readings. All the short-term positioning, rally chasing and mechanical buying flow speaks to an attitude of just running with the market tide. That doesn’t stop the potential for things to change when the calendar flips into 2025. “To put it simply, and probably no one wants to hear it, but this is not a good set up — investors and speculators alike have been lulled into permabull paradise,” writes Callum Thomas at Topdown Charts. Investors have their hopes up for a Santa Claus rally, but a healthy dose of skepticism might be warranted after November’s stellar run-up, according to Callie Cox at Ritholtz Wealth Management. “The bar for success is now a lot higher for an economy that may still be in flux,” Cox said. “Yields show that expectations have moved a lot over the past two months, yet we haven’t seen any sustained, clear momentum in economic data. Expectations matter, and the job market is under a microscope.” To Mark Hackett at Nationwide, the sustainability of the market rally will be dependent on the continued resilience of the consumer. One of the best forecasters of consumer spending is the health of the job market. “Markets continue to be driven by a combination of technical and fundamental factors,” Hackett noted. “The consistency of the rally is demoralizing to bears, creating a ‘virtuous circle’ where buying drives further buying. There are questions of sustainability into 2025 given elevated expectations and valuations, but that is unlikely to derail the near-term momentum.” Appetite for equities has shown no sign of abating this year. The S&P 500 made multiple record highs, surging over 25%, powered by technology shares and a broad preference for US assets. The rally extended after the election of Donald Trump raised hopes of tax cuts and deregulation. While American equities have persistently outpaced their global peers, BlackRock Investment Institute says that could continue. The US benefits more from “mega forces,” driving corporate earnings, the firm notes. That is supported by a favorable growth outlook plus potential tax cuts and regulatory easing. “Some valuation measures – whether price-to-earnings ratios or equity risk premiums – look rich relative to history. But they may not tell the full story,” according to BII. “Comparing today’s index to that of the past is like comparing apples to oranges. Plus, valuations tend to matter more for returns over a long-term horizon than in the near term.” BII says the AI mega force will likely benefit US stocks more and that’s why the firm stays overweight, particularly relative to global peers such as European stocks. “The upshot: We are risk-on for now, but stay nimble. Key signposts for changing our view include any surge in long-term bond yields or an escalation in trade protectionism,” BII concluded. Corporate Highlights: Key events this week: Some of the main moves in markets: Stocks Currencies Cryptocurrencies Bonds Commodities This story was produced with the assistance of Bloomberg Automation. More stories like this are available on bloomberg.com ©2024 Bloomberg L.P.
Man arraigned on murder charges in NYC subway death fanned flames with a shirt, prosecutors say
Subscribe to our newsletter Privacy Policy Success! Your account was created and you’re signed in. Please visit My Account to verify and manage your account. An account was already registered with this email. Please check your inbox for an authentication link. Support Independent Arts Journalism As an independent publication, we rely on readers like you to fund our journalism. If you value our coverage and want to support more of it, consider becoming a member today . Already a member? Sign in here. We rely on readers like you to fund our journalism. If you value our coverage and want to support more of it, please join us as a member . LONDON — Over 100 art workers gathered outside Tate Britain on Tuesday evening, December 3, during the ceremony for the 2024 Turner Prize, to protest against the institution’s ties to groups connected to Israeli military interests. Inside the museum, artist and Turner Prize winner Jasleen Kaur took to the stage and expressed solidarity with the protesters and the Palestinian cause. “I want the separation between the expression of politics in the gallery and the practice of politics in life to disappear,” Kaur said, addressing attendees. “I want the institution to understand: If you want us inside, you need to listen to us outside. Ceasefire now, arms embargo now, free Palestine.” Outside, activist groups including Artists + Culture Workers, Artistsʼ Union England, Boycott Zabludowicz, Goldsmiths for Palestine, Strike Outset, University for the Arts London (UAL) Students for Justice in Palestine, and Workers for a Free Palestine demanded that Tate cut ties with organizations and companies they say are financially supporting or helping “artwash” Israel’s attacks on Gaza and the Occupied West Bank — including Barclays, Hewlett Packard Enterprise (HP), Outset Contemporary Art Fund, the Zabludowicz Art Trust , and Zabludowicz Art Projects. Get the latest art news, reviews and opinions from Hyperallergic. Daily Weekly Opportunities “The art sector leans progressive, and yet institutions are stuck on this [issue],” said Zarina Muhammad, White Pube art critic, speaking during the protest. “They are the ones with all the money, they are the ones with all the resources, all the power, and yet we have to tell them how to act.” A selection of artworks from the Gaza Biennale , a roaming exhibition of 60 artists in and from Gaza was projected on Tate Britainʼs exterior walls. “Art exists to express the pain of this world and the dream of a different one,” another speaker, historian and organizer Barnaby Raine, told the crowd. “We know that creative spirit, that refuses to accept that the violence of this world is all there is, that there can be something better, we know that spirit is carried by the artists of Gaza.” Significantly outnumbered by the pro-Palestine rally, a small Israel-supporting counter-protest of around 25 people held signs that read “Don’t let Hamas kidnap our culture.” The group dissipated after a while. Tate has not yet responded to Hyperallergic ’s request for comment. The protest came in the wake of a report released by the United Nations Special Committee last month that found Israel’s warfare methods in Gaza “consistent with genocide, including use of starvation as a weapon of war.” Also in November, the International Criminal Court issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu, former Israeli Defense Minister Yoav Gallant, and Hamas commander Mohammed Deif. A judge found that Netanyahu and Gallant bore “criminal responsibility” for “the war crime of intentionally directing an attack against the civilian population” in Gaza. The protest also followed an open letter addressed to Tate last week calling on the institution to cut ties with Outset and Zabludowicz Art and to “take a clear stance against the artwashing of genocide and apartheid.” The missive has been signed by more than 1,200 artists and cultural workers, including 2024 Turner Prize nominees Pio Abad and Claudette Johnson and winner Jasleen Kaur. Also among the signatories were previous Turner Prize winners Jesse Darling, Tai Shani, Lawrence Abu Hamdan, and Helen Cammock; Palestinian artist Jumana Manna; and artists Sophia Al Maria, Rene Matić, and Hannah Black. Since 1990, Zabludowicz Collection co-founder Poju Zabludowicz has been the CEO of the private real estate investment company Tamares Group, which the letter says has provided telecommunication infrastructure for Israeli settlements considered illegal under international law, including several on privately owned Palestinian land. Hyperallergic has contacted the Zabludowicz Collection for comment. The letter also takes issue with the Outset Contemporary Art Fund, which provides funding support for Tate acquisitions , over Outset’s corporate partnership with the Israeli diamond company Leviev, accused of human rights abuses . Leviev’s founder, Lev Leviev, is accused of profiting from illegal settlements in the West Bank. Earlier this year, the campaign group Strike Outset drew attention to the fact that the co-founder of the Outset Contemporary Art Fund, Candida Gertler, and her husband Zak are close friends of Benjamin Netanyahu and hosted his 70th birthday party at their Tel Aviv home in 2019. According to the letter, Candida Gertler and Anita and Poju Zabludowicz have been members of Tate’s International Council since at least 2008, and Gertler has been an executive member of the committee for over a decade. On November 29, four days after the letter was published, Gertler announced her resignation from Outset Contemporary Art Fund and all voluntary positions within United Kingdom arts institutions with immediate effect. In a statement , Strike Outset said it was “a win for our movement — but our campaign continues,” adding, “This is structural, not personal.” The boycott, the group said, would remain in place “until Outset Contemporary Art Fund closes its Israel chapter, and cuts all ties with the Israeli occupation.” We hope you enjoyed this article! Before you keep reading, please consider supporting Hyperallergic ’s journalism during a time when independent, critical reporting is increasingly scarce. Unlike many in the art world, we are not beholden to large corporations or billionaires. Our journalism is funded by readers like you , ensuring integrity and independence in our coverage. We strive to offer trustworthy perspectives on everything from art history to contemporary art. We spotlight artist-led social movements, uncover overlooked stories, and challenge established norms to make art more inclusive and accessible. With your support, we can continue to provide global coverage without the elitism often found in art journalism. If you can, please join us as a member today . Millions rely on Hyperallergic for free, reliable information. By becoming a member, you help keep our journalism free, independent, and accessible to all. Thank you for reading. Share Copied to clipboard Mail Bluesky Threads LinkedIn FacebookA Robinhood Look Back at 2024 and Forward Into the Future
S&P/TSX composite index slightly up Wednesday, U.S. stock markets also rise
Caitlin Clark honored as AP Female Athlete of the Year following her impact on women's sports Caitlin Clark has been named the AP Female Athlete of the Year after raising the profile of women’s basketball to unprecedented levels in both college and the WNBA. She led Iowa to the national championship game, was the top pick in the WNBA draft and captured rookie of the year honors in the league. Fans packed sold-out arenas and millions of television viewers followed her journey on and off the court. Clark's exploits also put other women's sports leagues in the spotlight. A group of 74 sports journalists from AP and its members voted on the award. Other athletes who received votes included Olympic gold medalist Simone Biles and boxer Imane Khelif. Clark’s only the fourth women’s basketball player to win the award since it was first given in 1931. Soprano Angel Blue sings her first Metropolitan Opera 'Aida' in a new production Angel Blue, one of the most admired singers of her generation, is headlining the Metropolitan Opera’s first new production of Verdi’s “Aida” in 36 years. The 40-year-old takes on the title role of the enslaved Ethiopian princess torn between love for an Egyptian warrior and loyalty to her country. It’s a part that comes weighted with history, especially for a Black soprano at the Met, where Leontyne Price embodied the role from her first performance in 1961 until her retirement in 1985. Blue tells The Associated Press she’s long looked up to Price, and directors who have worked with her say the singer is ready for the challenge. Blue’s Met debut in ‘Aida’ will happen New Year’s Eve. Centuries-old angels uncovered at Boston church made famous by Paul Revere BOSTON (AP) — Conservators have uncovered eight angels in a historic Boston church that counted Paul Revere as a bell ringer and played a pivotal role in the Revolutionary War. The angels were painted in the early 18th century but painted over in 1912 as part of a renovation of the Old North Church. Inspired by research showing the existence of at least 20 angels, conservators for the past four months have been removing the white paint that covered the eight angels located on the balcony's arches in the church sanctuary. The public is now able to view them. Swiss Olympic snowboarder Sophie Hediger dies in avalanche, aged 26 Swiss Olympic snowboarder Sophie Hediger has died following an avalanche at a mountain resort. The country's skiing federation says the incident took place at the Arosa resort in Switzerland. The 26-year-old Hediger competed at the 2022 Beijing Winter Olympics in the women’s snowboard cross and the mixed team version of the same event. Hediger achieved her first two World Cup podium finishes in the 2023-24 season. Her best result was a second place in St. Moritz in January. NFL on Netflix: Christmas Day games are a 1st for streaming giant Netflix will have one of its biggest days since the site launched in 1998 when it carries two NFL games for the first time on Christmas. “NFL Christmas Gameday on Netflix” kicks off with a two-hour pregame show at 11 a.m., before Pittsburgh hosts Kansas City. Baltimore faces Houston in the second game. The streaming giant agreed to a three-year contract in May to carry Christmas Day games. Magic and lights draw crowds to an alpine village in Washington state for Christmas LEAVENWORTH, Wash. (AP) — Freshly baked pretzels, shining tree lights and sleds in the snow lend a ruddy warmth to an unlikely collection of Bavarian-themed chalets in the mountains of Washington state. Decades ago, the town of Leavenworth was a near ghost town, one of the poorest parts of the Pacific Northwest. The mines and the sawmill had closed, and even the railroad left. That’s when desperate business owners took a serious gamble -- reinventing the community in the vision of an alpine village. More than half a century later, the result brings tourists from near and far -- especially during the holidays, when Leavenworth takes on the flavor of a German Christmas market. Bill Clinton is hospitalized with a fever but in good spirits, spokesperson says WASHINGTON (AP) — Former President Bill Clinton was admitted Monday to MedStar Georgetown University Hospital in Washington after developing a fever. The 78-year-old was admitted in the “afternoon for testing and observation,” Angel Urena, Clinton’s deputy chief of staff, said in a statement. “He remains in good spirits and deeply appreciates the excellent care he is receiving,” Urena said. Packers clinch playoff berth with 1st shutout in NFL this season, 34-0 over Saints GREEN BAY, Wis. (AP) — Josh Jacobs gained 107 yards from scrimmage and scored a touchdown for a sixth straight game as the Green Bay Packers clinched a playoff berth while producing the first shutout of the NFL season, 34-0 over the hapless New Orleans Saints. Green Bay improved to 11-4 and earned its fifth postseason appearance in six years. New Orleans played without injured quarterback Derek Carr and running back Alvin Kamara. Rookie Spencer Rattler started and went 15 of 30 for 153 yards with an interception and a fumble. The Packers have won nine of their last 11 games. Prosecutors withdraw appeal of dismissed case against Alec Baldwin in fatal movie set shooting SANTA FE, N.M. (AP) — New Mexico prosecutors won’t pursue an appeal of a court’s decision to dismiss an involuntary manslaughter charge against Alec Baldwin. The actor had been charged in the death of cinematographer Halyna Hutchins during a rehearsal on a movie set outside Santa Fe in October 2021. Special Prosecutor Kari Morrissey withdrew on Monday the appeal of a July decision at trial to dismiss the charge. The decision to drop the appeal solidifies the decision by Judge Mary Marlowe Sommer halfway through trial to dismiss the case on allegations that police and prosecutors withheld evidence from the defense. An all-Filipino crew is set to make history in the Sydney to Hobart yacht race SYDNEY (AP) — There have been plenty of “firsts” in the history of the Sydney to Hobart yacht race which was first held in 1945. An all-Filipino crew of 15 sailors will make it another when the annual ocean classic begins in Sydney Harbor on Thursday. With veteran sailor Ernesto Echauz at the helm, Centennial 7 will embark on the 628-nautical mile race. The boat itself is no stranger to the race. Previously, the TP52 yacht was known as Celestial and claimed the Sydney to Hobart overall handicap victory in 2022 under Sam Haynes after being runner-up the year before.
In the meantime, the Education Bureau has urged schools to exercise caution in the disposal of old uniforms and to consider alternative options such as reusing, recycling, or donating them. The Bureau has also called on schools to actively engage students in discussions on waste reduction and environmental protection, in order to raise awareness and foster a sense of responsibility towards the environment.MONTEVIDEO, Uruguay (AP) — Uruguayans on Sunday voted in the second round of the country's presidential election , with the conservative governing party and a left-leaning coalition locked in a close runoff following level-headed campaigns widely seen as emblematic of the country's strong democracy. As polls closed Sunday evening, turnout stood at 89.4% — around the same as during the first round last month in which the two moderate coalitions both failed to win an outright majority. Voting in Uruguay is compulsory. Depending on how tight the vote turns out to be, electoral officials may not call the race for days — as happened in the contentious 2019 runoff that brought center-right President Luis Lacalle Pou to office and ended 15 years of rule by Uruguay’s left-leaning Broad Front by a razor-thin margin. Álvaro Delgado, the incumbent party’s candidate who won nearly 27% in the first round of voting on Oct. 27, has campaigned under the slogan “re-elect a good government." Other conservative parties that make up the government coalition — in particular, the Colorado Party that came in third place last month — notched 20% of the vote collectively, enough to give Delgado an edge over his challenger. Yamandú Orsi from the Broad Front, who took 44% of the vote in the general election, is promising to forge a “new left” in Uruguay that draws on the memory of stability and economic growth under his Broad Front coalition, which presided over pioneering social reforms that won widespread international acclaim from 2005-2020, including the legalization of abortion, same-sex marriage and sale of marijuana . With inflation easing and the economy expected to expand by some 3.2% this year, according to the International Monetary Fund, surveys show that Uruguayans remain largely satisfied with the administration of Lacalle Pou, who constitutionally cannot run for a second consecutive term. But persistent complaints about sluggish growth, stagnant wages and an upsurge in violent crime could just as easily add the small South American nation to a long list of places this year where frustrated voters have punished incumbents in elections around the world. With most polls showing a virtual tie between Delgado and Orsi, analysts say the vote may hinge on a small group of undecided voters — roughly 10% of registered voters in the nation of 3.4 million people. “Neither candidate convinced me and I feel that there are many in my same situation,” said Vanesa Gelezoglo, 31, in the capital, Montevideo, adding she would make up her mind at “the last minute.” Analysts say the candidates’ lackluster campaigns and broad consensus on key issues have generated extraordinary indecision and apathy in an election dominated by discussions about social spending and concerns over income inequality but largely free of the anti-establishment rage that has vaulted populist outsiders to power in neighboring Argentina and the United States. “The question of whether Frente Amplio (the Broad Front) raises taxes is not an existential question, unlike what we saw in the U.S. with Trump and Kamala framing each other as threats to democracy," said Nicolás Saldías, a Latin America and Caribbean senior analyst for the London-based Economist Intelligence Unit. “That doesn't exist in Uruguay.” Both candidates are also appealing to voter angst over the current government's struggle to stem the rise in violent crime that has shaken a nation long regarded as one of the region’s safest, with Delgado promising tough-on-crime policies and Orsi advocating a more community-oriented approach. Delgado, 55, a rural veterinarian with a long career in the National Party, served most recently as Secretary of the Presidency for Lacalle Pou and promises to pursue his predecessor’s pro-business policies. He would continue pushing for a trade deal with China that has raised hackles in Mercosur, an alliance of South American countries promoting regional commerce. "We have to give the government coalition a chance to consolidate its proposals,” said Ramiro Pérez, a street vendor voting for Delgado on Sunday. Orsi, 57, a former history teacher and two-time mayor from a working-class background, is widely seen as the political heir to former President José “Pepe” Mujica , an ex-Marxist guerilla who became a global icon for helping transform Uruguay into one of the region's most socially liberal and environmentally sustainable nations. “He's my candidate, not only for my sake but also for my children's,” Yeny Varone, a nurse at a polling station, said of Orsi. “In the future they'll have better working conditions, health and salaries.” Mujica, now 89 and recovering from esophageal cancer , turned up at his local polling station before balloting even began, praising Orsi's humility and Uruguay’s famous stability. “This is no small feat,” he said of Uruguay's “citizenry that respects formal institutions.” Orsi planned no dramatic changes, and, despite his call for a revitalized left-wing, his platform continues the Broad Front's traditional mix of market-friendly policies and welfare programs. He proposes tax incentives to lure investment and social security reforms that would lower the retirement age but fall short of a radical overhaul sought by Uruguay's unions. The contentious plebiscite on whether to boost pension payouts failed to pass in October, with Uruguayans rejecting generous pensions in favor of fiscal constraint. Both candidates pledged full cooperation with each other if elected. “I want (Orsi) to know that my idea is to form a government of national unity,” Delgado told reporters after casting his vote in the capital's upscale Pocitos neighborhood. He said that if he won, he and Orsi would chat on Monday over some yerba mate, the traditional herbal drink beloved by Uruguayans. Orsi described Sunday's democratic exercise as “an incredible experience" as he voted in Canelones, the sprawling town of beaches and cattle ranches just north of Montevideo where he served as mayor for a decade. “The essence of politics is agreements,” he said. “You never end up completely satisfied.” ___ Associated Press writer Isabel DeBre in Villa Tunari, Bolivia, contributed to this report. Nayara Batschke, The Associated Press
( MENAFN - Newsfile Corp) Toronto, Ontario--(Newsfile Corp. - December 24, 2024) - SuperBuzz Inc. (TSXV: SPZ) (" SuperBuzz " or the " Company "), is pleased to announce that, further to its press release of November 26, 2024, it has closed the first tranche of its non-brokered private placement financing of special warrants of the Company (each, a " Special Warrant") at a price of $0.16 per Special Warrant for gross proceeds of up to $750,000 (the " Offering "). Pursuant to the first tranche of the Offering, the Company issued an aggregate of 2,800,000 Special Warrants for gross proceeds of $448,000. Each Special Warrant shall be automatically exchanged for units of the Company (each, a " Unit ") upon satisfaction of the following conditions: (i) receipt of shareholder approval with respect to the Consolidation (as defined below); (ii) completion of the Consolidation; and (iii) receipt of all corporate and regulatory approvals, including the approval of the TSX Venture Exchange (" TSXV "), for the Offering and the Consolidation (collectively, the " Exercise Conditions "). Each Unit issued upon satisfaction of the Exercise Conditions shall consist of one common share in the capital of the Company (each, a " Common Share ") and one Common Share purchase warrant of the Company (each, a " Warrant "). Each Warrant shall entitle the holder to purchase one Common Share for a period of 24 months from the initial closing date of the Offering (the " Closing Date ") at the following exercise prices: (i) $0.22 per Common Share if exercised within the first 12 months from the Closing Date; and (ii) $0.28 per Common Share if exercised during the subsequent 12-month period. The Company shall use its reasonable best efforts to satisfy the Exercise Conditions on or before the date that is six (6) months following the Closing Date (the " Special Warrant Expiry Time "). In the event that the Exercise Conditions are not satisfied on or before the Special Warrant Expiry Time, the Special Warrants shall be automatically exchanged for promissory notes of the Company (the " Notes "), in the principal amount that is equal to each subscriber's subscription amount. The Notes shall be immediately payable and shall accrue interest at a rate of 18% per annum, calculated on a daily basis. The net proceeds of the Offering will be used for marketing and advertising the Company's core platform to potential end customers, sales initiatives, working capital and for general corporate purposes. As previously announced, the Company intends to consolidate (the " Consolidation ") its issued and outstanding Common Shares on the basis of four (4) pre-consolidation Common Shares for one (1) post-consolidation Common Share. The Company's shareholders approved the Consolidation at the Company's annual general and special meeting held on December 10, 2024. The completion of the Consolidation remains subject to receipt of all necessary approvals, including shareholder approval and the approval of the TSXV. Additionally, the Company announces that it has entered into a debt conversion agreement (the " Debt Conversion Agreement ") with Yoel Yogev, to settle an aggregate of $150,000 (the " Debt ") of debt. Pursuant to the Debt Conversion Agreement, the Company has agreed to issue, and the Creditor has agreed to accept, an aggregate of 937,500 post-Consolidation Common Shares (the " Debt Shares ") in full and final settlement of the Debt, with such Debt Shares being issued at a deemed issue price of 0.16 per Debt Share. The transactions contemplated by the Debt Conversion Agreement constitutes a "related party transaction" within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transaction (" MI 61-101 ") because Mr. Yogev is a director of the Company. The Company is relying on exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the Debt Shares does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101. The Offering and the Debt Settlement remains subject to the Company obtaining all necessary corporate and regulatory approvals, including the approval of the TSX Venture Exchange (" TSXV "). All securities issued in connection with the Offering and the Debt Settlement will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation in Canada. None of the securities issued in the Offering or the Debt Settlement will be registered under the United States Securities Act of 1933, as amended (the " 1933 Act "), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any state where such an offer, solicitation, or sale would be unlawful. The Company also announces that it has entered into an amending agreement (the " Amending Agreement ") with Yoel Yogev, amending certain terms of the consulting agreement dated July 2, 2024, between the Company and Mr. Yogev. Pursuant to the Amending Agreement, Mr. Yogev will receive compensation in the amount of $25,000, on an annual basis (reduced from $10,000 monthly), and will be granted restricted stock units (" RSUs ") of the Company convertible into $25,000 of post-Consolidation Common Shares, calculated based on the Market Price (as defined in TSXV Policy 1.1 - Interpretation) at the time of grant. The RSUs shall vest in accordance with the Company's standard vesting schedule and shall be subject to the terms and conditions outlined in the RSU award agreement. About SuperBuzz Inc. SuperBuzz is revolutionizing how people interact with technology. Its AI platform leverages GPT-3 to automate many processes, including push notifications and content creation. The platform simplifies the user experience, allowing for advanced digital interaction that cuts back on manual tasks. Moreover, SuperBuzz's AI platform intelligently responds to small and medium-sized businesses' unique needs, making it an incredibly reliable and powerful tool for various applications. Additional information in respect of the Company's business is available under the Company's SEDAR+ profile at . For Additional Information, Contact: Liran Brenner Chief Executive Officer Email: ... Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking Statements Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-Looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "potential", "believe", "intend" or the negative of these terms and similar expressions. Forward-Looking statements in this news release include statements relating to: the Company's business objectives and milestones and the anticipated timing of, and costs in connection with, the execution or achievement of such objectives and milestones; the Company's future growth prospects; the development of the Company's business and future activities following the date hereof; expectations relating to market size and anticipated growth in the jurisdictions within which the Company may from time to time operate or contemplate future operations; expectations with respect to economic, business, regulatory and/or competitive factors related to the Company or the industry generally; the competitive landscape within which the Company operates and the Company's market share or reach; the performance of the Company's business and the operations and activities of the Company; the Company's ability to obtain, maintain, and renew or extend, applicable authorizations, including the timing and impact of the receipt thereof; the Company's continued work on its product offerings, including the use of OpenAI's GPT-3 model; the Company's Offering, including the pricing of its Special Warrants and Units (including the underlying Common Shares, and Warrants), the anticipated closing date and anticipated use of proceeds, obtaining of all necessary approvals required to close the Offering, the Company's ability to satisfy the Exercise Conditions, the completion of the Consolidation (including the receipt of shareholder approval at the Meeting), the completion of the debt settlement pursuant to the Debt Conversion Agreement (including receipt of the TSXV's approval with respect to the issuance of the Debt Shares), the TSXV's acceptance of the Consolidation. Forward-Looking information in this news release are based on certain assumptions and expected future events, namely: the Company's financial condition and development plans do not change as a result of unforeseen events; there will continue to be a demand, and market opportunity, for the Company's product offerings; current and future economic conditions will neither affect the business and operations of the Company nor the Company's ability to capitalize on anticipated business opportunities; current and future members of management will abide by the Company's business objectives and strategies from time to time established by the Company; the Company will retain and supplement its board of directors and management, or otherwise engage consultants and advisors having knowledge of the industries (or segments thereof) within which the Company may from time to time participate; the Company will have sufficient working capital and the ability to obtain the financing required in order to develop and continue its business and operations; the Company will continue to attract, develop, motivate and retain highly qualified and skilled consultants and/or employees, as the case may be; taxes and all other applicable matters in the jurisdictions in which the Company conducts business and any other jurisdiction in which the Company may conduct business in the future; the Company will be able to generate cash flow from operations, including, where applicable, distribution and sale of its products; the Company will be able to execute on its business strategy as anticipated; the Company will be able to meet the requirements necessary to obtain and/or maintain authorizations required to conduct the business; the Company's continuing ability to meet the requirements necessary to remain listed on the TSXV; general economic, financial, market, regulatory, and political conditions will not negatively affect the Company or its business; the Company will be able to successfully compete in the industry; prices offered by competitors will not decline materially; the Company will be able to effectively manage anticipated and unanticipated costs; the Company will be able to conduct its operations in a safe, efficient and effective manner; the Company's ability to continue to work on its product offerings, including the use of OpenAI's GPT-3 model; the Company's ability to effect the Consolidation, the Company's ability to close the Offering and allocate the anticipated proceeds from the Offering as stated, the Company's ability to receive the TSXV's approval with respect to the issuance of the Debt Shares, and obtain of all necessary approvals required to complete the Consolidation and to close the Offering. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the risks associated with the industry in general; the inability of the Company to obtain requisite approvals; the Company's inability to attract and retain qualified members of management to grow the Company's business and its operations; the Company's inability to effectively manage unanticipated costs and expenses, including costs and expenses; the risk's associated with the Company's in meeting its business objectives and milestones and the anticipated timing of, and costs in connection with, the execution or achievement of such objectives and milestones; the inability of the Company to identify and secure future growth prospects; the Company's inability to develop its business and future activities following the date hereof; the Company's inability to meet or exceed expectations relating to market size and anticipated growth in the jurisdictions within which the Company may from time to time operate or contemplate future operations; the Company's inability to meet or exceed expectations with respect to economic, business, regulatory and/or competitive factors related to the Company or the industry generally; the risks associated with the market for the Company's current and proposed product offerings, as well as the Company's inability to capture market share; the risks associated with the distribution methods expected to be used by the Company to deliver its product offerings; the effect of the Consolidation on the Company's securities; the Company's inability to obtain, maintain, and renew or extend, applicable authorizations, including the timing and impact of the receipt thereof; the Company's inability to continue to work on its product offerings, including the use of OpenAI's GPT-3 model; the Company's inability to satisfy the Exercise Conditions, the Company's inability to close the Offering and allocate the anticipated proceeds from the Offering as stated, and obtain of all necessary approvals required to complete the Consolidation, the Offering and the transactions contemplated by the Debt Conversion Agreement. Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-Looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law. To view the source version of this press release, please visit SOURCE: SuperBuzz Inc. MENAFN24122024004218003983ID1109028498 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.21 dead as Mozambique erupts in violence after election court ruling
NoneAdele bids tearful farewell to her Las Vegas residency: I will miss it terribly
MONTEVIDEO, Uruguay (AP) — Uruguayans on Sunday voted in the second round of the country's presidential election , with the conservative governing party and a left-leaning coalition locked in a close runoff following level-headed campaigns widely seen as emblematic of the country's strong democracy. As polls closed Sunday evening, turnout stood at 89.4% — around the same as during the first round last month in which the two moderate coalitions both failed to win an outright majority. Voting in Uruguay is compulsory. Depending on how tight the vote turns out to be, electoral officials may not call the race for days — as happened in the contentious 2019 runoff that brought center-right President Luis Lacalle Pou to office and ended 15 years of rule by Uruguay’s left-leaning Broad Front by a razor-thin margin. Álvaro Delgado, the incumbent party’s candidate who won nearly 27% in the first round of voting on Oct. 27, has campaigned under the slogan “re-elect a good government." Other conservative parties that make up the government coalition — in particular, the Colorado Party that came in third place last month — notched 20% of the vote collectively, enough to give Delgado an edge over his challenger. Yamandú Orsi from the Broad Front, who took 44% of the vote in the general election, is promising to forge a “new left” in Uruguay that draws on the memory of stability and economic growth under his Broad Front coalition, which presided over pioneering social reforms that won widespread international acclaim from 2005-2020, including the legalization of abortion, same-sex marriage and sale of marijuana . With inflation easing and the economy expected to expand by some 3.2% this year, according to the International Monetary Fund, surveys show that Uruguayans remain largely satisfied with the administration of Lacalle Pou, who constitutionally cannot run for a second consecutive term. But persistent complaints about sluggish growth, stagnant wages and an upsurge in violent crime could just as easily add the small South American nation to a long list of places this year where frustrated voters have punished incumbents in elections around the world. With most polls showing a virtual tie between Delgado and Orsi, analysts say the vote may hinge on a small group of undecided voters — roughly 10% of registered voters in the nation of 3.4 million people. “Neither candidate convinced me and I feel that there are many in my same situation,” said Vanesa Gelezoglo, 31, in the capital, Montevideo, adding she would make up her mind at “the last minute.” Analysts say the candidates’ lackluster campaigns and broad consensus on key issues have generated extraordinary indecision and apathy in an election dominated by discussions about social spending and concerns over income inequality but largely free of the anti-establishment rage that has vaulted populist outsiders to power in neighboring Argentina and the United States. “The question of whether Frente Amplio (the Broad Front) raises taxes is not an existential question, unlike what we saw in the U.S. with Trump and Kamala framing each other as threats to democracy," said Nicolás Saldías, a Latin America and Caribbean senior analyst for the London-based Economist Intelligence Unit. “That doesn't exist in Uruguay.” Both candidates are also appealing to voter angst over the current government's struggle to stem the rise in violent crime that has shaken a nation long regarded as one of the region’s safest, with Delgado promising tough-on-crime policies and Orsi advocating a more community-oriented approach. Delgado, 55, a rural veterinarian with a long career in the National Party, served most recently as Secretary of the Presidency for Lacalle Pou and promises to pursue his predecessor’s pro-business policies. He would continue pushing for a trade deal with China that has raised hackles in Mercosur, an alliance of South American countries promoting regional commerce. "We have to give the government coalition a chance to consolidate its proposals,” said Ramiro Pérez, a street vendor voting for Delgado on Sunday. Orsi, 57, a former history teacher and two-time mayor from a working-class background, is widely seen as the political heir to former President José “Pepe” Mujica , an ex-Marxist guerilla who became a global icon for helping transform Uruguay into one of the region's most socially liberal and environmentally sustainable nations. “He's my candidate, not only for my sake but also for my children's,” Yeny Varone, a nurse at a polling station, said of Orsi. “In the future they'll have better working conditions, health and salaries.” Mujica, now 89 and recovering from esophageal cancer , turned up at his local polling station before balloting even began, praising Orsi's humility and Uruguay’s famous stability. “This is no small feat,” he said of Uruguay's “citizenry that respects formal institutions.” Orsi planned no dramatic changes, and, despite his call for a revitalized left-wing, his platform continues the Broad Front's traditional mix of market-friendly policies and welfare programs. He proposes tax incentives to lure investment and social security reforms that would lower the retirement age but fall short of a radical overhaul sought by Uruguay's unions. The contentious plebiscite on whether to boost pension payouts failed to pass in October, with Uruguayans rejecting generous pensions in favor of fiscal constraint. Both candidates pledged full cooperation with each other if elected. “I want (Orsi) to know that my idea is to form a government of national unity,” Delgado told reporters after casting his vote in the capital's upscale Pocitos neighborhood. He said that if he won, he and Orsi would chat on Monday over some yerba mate, the traditional herbal drink beloved by Uruguayans. Orsi described Sunday's democratic exercise as “an incredible experience" as he voted in Canelones, the sprawling town of beaches and cattle ranches just north of Montevideo where he served as mayor for a decade. “The essence of politics is agreements,” he said. “You never end up completely satisfied.” ___ Associated Press writer Isabel DeBre in Villa Tunari, Bolivia, contributed to this report. Nayara Batschke, The Associated PressStocks set for strong weekly gain, US yields slip as markets eye Trump policies
In response to the escalating situation, local authorities have been called in to investigate the house and determine whether there is any validity to the claims of it being a 'haunted house'. While the results of the investigation are still pending, the dispute has already brought attention to the age-old debate surrounding superstitions and the supernatural.
( MENAFN - The Rio Times) The Mexican peso gains ground on Tuesday morning. The local currency advances at the start of a trading day expected to have reduced activity. Traders remain attentive to interest rate outlooks and Donald Trump's potential impact. The spot exchange rate stands at 20.1298 pesos per dollar. Compared to yesterday's official close of 20.2240 units, the peso shows a gain of 9.42 cents or 0.47 percent. The dollar price moves within a range of 20.2190 units maximum and 20.1236 minimum. The Dollar index (DXY) rises 0.04% to 108.08 units. Traders display a calm sentiment as the holiday period begins. The 2025 economic scenario primarily involves Trump's potential return to the White House and a less accommodative Fed monetary policy. Last week, the Fed cut interest rates by a quarter percentage point. They indicated a slower pace of reduction next year. In Mexico, Banxico also reduced its rate, hinting at more adjustments to come. Analysts from Banco Base expect the peso to fluctuate between 20.09 and 20.22 pesos per dollar for the rest of the session. Marginal Movements in the Mexican Stock Market The Mexican stock market shows marginal movements on Tuesday morning. Local stock indices decline at the start of a shorter-than-usual session. The S&P/BMV IPC, the leading index of the Mexican Stock Exchange, loses 0.01% to 49,444.79 points. The FTSE BIVA of the Institutional Stock Exchange drops 0.01% to 1,004.45 points. Most values within the benchmark index retreat. Volaris shares lead the losses, falling 2.16% to 15.40 pesos. Alsea follows with a 1.65% decrease to 43.960 pesos. The industrial Alfa drops 1.65% to 14.94 pesos. Investors expect lateral behavior as the S&P/BMV IPC seeks to consolidate current trading levels. The stock market anticipates low transaction volume and an early close of the trading day at 12:00 hours. These movements reflect the calm before the Christmas holiday, with traders balancing economic indicators and political considerations. MENAFN24122024007421016031ID1109028443 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.Difficult to digest Maharashtra results: Congress
Pennsylvania Secretary of State Al Schmidt said mail-in ballots cannot be counted until 7 a.m. on Election Day under state law preventing pre-canvassing, so voters should not expect the final results to be available on Election Night Nov. 5. A Pennsylvania woman was arrested on felony forgery, public records tampering and voter registration-related charges based on allegations she tried to fraudulently register dead people, including her own father, to vote in the 2024 election. Jennifer Hill, from the Chester area, was arrested Thursday and accused of attempting to add four ineligible individuals to the voter rolls, including her late father. Delaware County's Democratic district attorney, Jack Stollsteimer, said in public remarks that Hill used an app to register 324 people as a staffer for a group called the New Pennsylvania Project. Stollsteimer said the Pennsylvania Department of State makes the app available for legal voter registration drives. He said Hill successfully registered 181 people, but 129 other names – which he called a "big number" – were not successful. LIBERTY BELLWETHERS: FIVE COUNTIES IN PENNSYLVANIA TO WATCH ON ELECTION DAY A welcome sign greets drivers on U.S. Route 222 entering Peach Bottom, Pennsylvania, from Conowingo, Maryland. (Charlie Creitz) "Literally what this woman did was to pad the numbers for her employment. She started registering people that were dead. One of them was her father." Hill allegedly tried to register a second deceased individual, whom Stollsteimer said Hill knew was dead because they passed away in 2011 in the house she is currently living in. "She knows that because she was the person who called the police to come when he died in her house." "She did register a fraudulent person," Stollsteimer said, adding that particular registrant did not vote this year. The fake person’s identity was a portmanteau of her grandmother’s name and a different birthday, according to the Philadelphia Inquirer. In addition, prosecutors charged an 84-year-old man named Philip Moss with voting both in Florida and by mail in Delaware County . PENNSYLVANIA'S AMISH: A KEY BUT HESITANT VOTING BLOC Voters cast their ballots on Election Day. (Patrick T. Fallon/AFP via Getty Images) In a statement obtained by Fox News Digital, an executive at the New Pennsylvania Project called the allegations "heartbreaking" and said the group does not provide financial incentives or bonuses for additional voter registrations. "Our employees have no quota to meet, and hourly wages paid to part-time canvassing employees remain the same no matter the number of voter registration applications collected," Kadida Kenner said. Kenner added that the Pennsylvania Department of State notified the group about potential issues with a canvasser and the person – believed to be Hill – was immediately suspended. "Due to the hard work of many individuals to prevent disruptive actions by bad actors, our voting rolls and elections are secure, and no fraudulent ballots were cast," she said. "As a nonpartisan organization, our year-round voter registration efforts are not directed, in coordination, or aligned with any political party or candidate. Our registration efforts are not and will never be dictated by an election cycle," Kenner went on. Of the nearly 10,000 applicants the group successfully canvassed for, 48% registered as Democrats, 34% as unaffiliated or third-party and 18% as Republicans. CLICK HERE TO GET THE FOX NEWS APP Hill reportedly faces up to 10 counts for each of the four registrations that led to the indictment by prosecutors in Media. The Democratic-majority Philadelphia suburb was once more a "swing" county – often voting Democratic on the presidential level while electing state legislative Republicans like then-Senate leader Dominic Pileggi in the 2000s. But, "Delco," as it is often called, along with neighboring Chester and Montgomery Counties, has swung heavily leftward in the age of Donald Trump. Vice President Kamala Harris won the county with 61% of the vote . Charles Creitz is a reporter for Fox News Digital. He joined Fox News in 2013 as a writer and production assistant. Charles covers media , politics and culture for Fox News Digital. Charles is a Pennsylvania native and graduated from Temple University with a B.A. in Broadcast Journalism. Story tips can be sent to charles.creitz@fox.com.
Water rights vs service deliveryNew Delhi : Prime Minister Narendra Modi on Saturday, November 23, said the latest round of elections has endorsed the message of development and defeated the politics of lies and betrayal propounded by the Congress and its allies. Addressing a gathering at the Bharatiya Janata Party (BJP) headquarters here, Modi said divisive forces, negative politics and dynasticism have been defeated in the Maharashtra election and by-polls in various states. He said the people of Maharashtra have voted for stability and taught a lesson to those who tried to create instability. The prime minister asserted that the message from the Maharashtra election is that of unity and it is also an endorsement of the “ek hai toh safe hai” slogan. Modi also said he bows down before the people of Jharkhand and that the BJP will work more zealously for the development of the state. “‘Ek hai toh safe hai’ has become the ‘maha-mantra’ for the entire nation and it has punished those who wanted to divide the country on caste and religious lines,” he said, adding that all sections of the society have voted for the BJP. “The Congress and its ecosystem had thought that by spreading lies in the name of the Constitution, they could divide the Scheduled Castes (SCs), Scheduled Tribes (STs) and Other Backward Classes (OBC) into small groups. This is a solid slap on their faces,” he said. “People have made divisive forces bite the dust. The Congress and its allies have failed to grasp the changed realities of the country’s mood,” the prime minister added. He asserted that voters do not want instability and they believe in nation first and do not like those dreaming about “chair first”. The voters in Maharashtra also evaluated Congress based on the false promises made in other states like Karnataka, Telangana and Himachal Pradesh, he added. “Neither their false promises nor their dangerous agenda worked in Maharashtra,” Modi said. The prime minister said the Maharashtra election also shows that only one Constitution will work in India and that was given to the people of the country by B R Ambedkar. The Congress and its allies were again trying to create a wall of Article 370 of the Constitution in Jammu and Kashmir, he said. “I want to say this to the Congress and its allies that no force in the world can bring back Article 370 and insult our Constitution,” Modi said. He said the Congress and its allies were double-faced on various issues, including the Waqf Board.