
The rapid growth of cryptocurrencies under Trump also reveals a blatant intertwining of public roles and private interests The first effect on the economy has already manifested, even though the official inauguration of the old-new president is scheduled for January. To provide a comparison, the capitalization of the Milan Stock Exchange in 2023 was about €0.75 trillion, while the total capitalization of Euronext stood at €6.6 trillion. Cryptocurrencies can no longer be ignored; Bitcoin, the most famous among them, is no longer just a game for bored rich nerds. Consequently, it is expected that the administration's decisions will favor these new financial instruments, and the initial moves confirm this. Trump announced plans to appoint Paul Atkins, an outspoken cryptocurrency supporter, as head of the SEC (the American equivalent of Consob), and David Sacks, an active investor in the sector and former CEO of PayPal, as "Crypto Czar." This context has prompted both large and small investors to quickly enter the market, convinced of the potential for substantial profits. First, the intertwining of public roles and private interests blatantly influences collective decision-making. This commingling was already evident during the electoral campaign when Trump, in addition to seeking votes, aired ads encouraging people to buy a sort of digital trading card of himself. While it is natural for a president to support the economic interests of the part of society that backed him, this personal identification represents an unprecedented level in any democracy. If the first consequence primarily concerns the United States, the other two directly affect us. Cryptocurrencies, unlike traditional financial organizations stemming from central banks, operate in a completely decentralized system. There are a series of entry points to buy and sell these cryptocurrencies, and initially, traditional money is required to make purchases. Thus, within this closed system, hundreds of billions in traditional currency also circulate, but each cryptocurrency remains independent. The growth of a decentralized system strengthens it and makes it inherently irreversible—unlike centralized systems, which are challenging to stabilize as they expand significantly. This leads to the second consequence: we will hear more and more about cryptocurrencies, and many will use them. Indeed, it can essentially perform the same functions: exchange, lending, store of value, and speculation. There is already a network of ATMs in Italian shopping centers where cryptocurrencies can be exchanged. The third consequence is that the centrality of the dollar and the American economy is further reinforced. Thus, state sovereignties are diminished—except for one. The vast majority of these innovations are based in the United States, and the value of cryptocurrencies is expressed in dollars. This process ultimately consolidates the role of the dollar and U.S.-made innovations. On this front as well, Europe, unfortunately, remains an absent spectator.
SANTA CLARA, Calif. (AP) — De'Vondre Campbell's decision to quit on his team in the middle of a game overshadowed the bigger issues for the San Francisco 49ers. An offense that was one of the most dynamic in the NFL during a run to the Super Bowl last season has been just ordinary for most of 2024 and was downright bad in a 12-6 loss to the Los Angeles Rams on Thursday night that just about ended San Francisco's playoff hopes. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.It also sanctioned Dmytro Firtash, a Ukrainian tycoon with links to the Kremlin, and Aivars Lembergs, one of Latvia's richest people, who is accused of abusing his political position to commit bribery and money laundering, the foreign ministry said. They are all subject to travel bans and asset freezes, it added in a statement, calling them "three infamous kleptocrats" and accusing them of "stealing their countries' wealth for personal gain". Dos Santos, the ministry said, had "systematically abused her positions at state-run companies to embezzle at least GBP350 million ($443 million), depriving Angola of resources and funding for much-needed development". Considered Africa's richest woman, she is currently wanted by Angolan authorities investigating alleged illegalities in the management of national oil company Sonangol between 2016 and 2017. Her father, Jose Eduardo dos Santos, who died in 2022, ruled energy-rich Angola for 38 years until 2017. She was sanctioned by the United States in 2021 for "involvement in significant corruption" and is barred from entering the United States. Responding to the UK decision Thursday, dos Santos said that it was "incorrect and unjustified" and that she "intends to appeal". "I... AFP News
NEW YORK — Dylan Raiola passed for 228 yards and a touchdown as Nebraska built an 18-point lead through three quarters and hung on to beat Boston College 20-15 on Saturday for its first bowl victory since 2015. After Nebraska built a 13-2 lead in the first half on scoring runs by Rahmir Johnson and Kwinten Ives, Raiola hit Emmett Johnson with a 13-yard TD pass on fourth down with 3:02 remaining in the third quarter for a 20-2 edge, and the Cornhuskers (7-6) held on for the win. Raiola completed 23 of 31 passes in front of a sizable Nebraska crowd that celebrated the team’s first bowl win since topping UCLA in the 2015 Foster Farms Bowl and first winning season since 2016. “The biggest thing is that finally they can walk off the field and say, ‘Hey, we got it done,’” Nebraska coach Matt Rhule said. “We’ll have a lot of momentum heading into the offseason.” Raiola completed passes to 10 receivers, including Jahmal Banks, who finished with four receptions for 79 yards. “He’s gotten so much better as the year’s gone on in terms of the speed, movement and those things,” Rhule said of Raiola. Rahmir Johnson and Ives scored on short TD runs in the second quarter, and Nebraska’s defense set up the critical score in the third. Emmett Johnson scored on fourth-and-3 for a 20-2 lead. That score came after John Bullock sacked Boston College quarterback Grayson James, forcing a fumble that Elijah Jeudy recovered at midfield. James finished 25 of 40 for 296 yards as Boston College (7-6) fell to 0-3 in Pinstripe Bowls. The Eagles got past midfield on five of their first seven drives but committed two turnovers and failed to convert four fourth downs, including two inside the 10-yard line. Boston College finally cashed with 6:11 left in the fourth when Turbo Richard scored on a 1-yard run, but the 2-point conversion failed. BC made it a one-score game on Jordan McDonald’s 2-yard run, a play after getting possession on a blocked punt. “I thought we were productive, but we couldn’t score,” BC coach Bill O’Brien said. “So that’s a problem because you have to score to win.” After a scoreless opening quarter, Rahmir Johnson easily scored on a 4-yard run on the first play of the second quarter. After BC turned it over on downs twice in Nebraska territory, the Cornhuskers took a 13-0 lead on Ives’ 2-yard run that was set up by Rahmir Johnson’s 22-yard run. The Eagles picked up their only points of the first half when Ashton McShane blocked John Hohl’s extra point and returned it for two points. Nebraska: Rahmir Johnson was named MVP in his final game at Nebraska to cap an emotional season in which he lost his mother in November. Johnson finished with 10 carries for 60 yards, and the Cornhuskers totaled 127 yards on the ground and 363 yards overall. “Even with news like that, I still want to play for these guys,” Johnson said. “And that’s just the type of person I am.” Boston College: Without ACC sacks leader Donovan Ezeiruaku, the Eagles could not get Nebraska and had to burn their final two timeouts after getting within 20-15. Nebraska: Opens its 2025 season against Cincinnati on Aug. 30. Boston College: Takes on Fordham on Aug. 30 to open its season and will welcome Alabama transfer Dylan Lonergan into its quarterback mix.How to Watch the Bucks vs. Hawks Game: Streaming & TV Channel Info for December 14
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AP News Summary at 5:52 p.m. ESTCerity Partners LLC Increases Position in Occidental Petroleum Co. (NYSE:OXY)
California continues to build out what is already one of the largest clean vehicle networks in America, made up of more than 150,000 public and shared private electric vehicle (EV) chargers. On Dec.11, the California Energy Commission (CEC) announced another $1.4 billion investment in its charging and hydrogen refueling network, the largest in the country, serving light, medium, and heavy-duty zero-emission vehicles. "An important part of achieving our clean car future is building chargers in every corner of California, especially in neighborhoods historically left behind. With this investment, and the help of the private sector, we’re building a bigger, better vehicle charging network that ensures Californians can reliably and affordably get where they’re going," said California governor Gavin Newsom. The billion-dollar allocation will see a four-year deployment of 17,000 more chargers, with the goal of reaching 250,000 chargers in the next few years. The announcement comes as part of California's Clean Transportation Program , a funding effort to deploy zero-emission transportation and fuel technologies as part of the state's climate change goals. The Biden administration has invested heavily in building out the country's electric vehicle infrastructure through the Bipartisan Infrastructure Law, with a wave of clean energy fund announcements as his term nears it end. On Dec. 12, the Department of Energy (DOE) unveiled a $1.25 billion loan guarantee to EVgo Swift Borrower, operators of the nation's largest EV charging networks. The loan will see 7,500 new fast chargers added nationwide. "There are currently more than 204,000 publicly available charging ports, with nearly 38,000 new public chargers already having been added this year and nearly 1,000 new public chargers being added every week thanks to a combination of direct federal funding, federal tax incentives, state and local funding, and private investment," the DOE explained. In October, the administration announced $44 million in funding to reduce EV battery costs and reduce their environmental impact. In November, the Department of Energy released. $70 million in funding for small- and medium-sized manufacturers (SMMs), specifically targeting the automative and electric vehicle industry. The agency simultaneously announced $17 million in grant funding for local and territorial governments to "improve energy efficiency, reduce climate pollution, and lower overall energy use."
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NoneSaudi Arabia banned film for 35 years. The Red Sea festival is just one sign of the industry's riseExagen Inc. ( NASDAQ:XGN – Get Free Report ) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 78,100 shares, an increase of 36.5% from the November 30th total of 57,200 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average daily volume of 82,200 shares, the days-to-cover ratio is presently 1.0 days. Exagen Price Performance Shares of Exagen stock opened at $4.71 on Friday. The firm has a fifty day moving average price of $3.84 and a two-hundred day moving average price of $2.98. The company has a market cap of $83.07 million, a PE ratio of -5.01 and a beta of 1.49. The company has a debt-to-equity ratio of 1.54, a current ratio of 4.05 and a quick ratio of 4.05. Exagen has a fifty-two week low of $1.30 and a fifty-two week high of $6.22. Exagen ( NASDAQ:XGN – Get Free Report ) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.28) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.30) by $0.02. Exagen had a negative return on equity of 92.58% and a negative net margin of 30.36%. The firm had revenue of $12.51 million for the quarter, compared to analyst estimates of $13.55 million. During the same period in the previous year, the company posted ($0.31) earnings per share. Analysts expect that Exagen will post -0.87 EPS for the current year. Wall Street Analyst Weigh In Read Our Latest Stock Analysis on Exagen Insider Buying and Selling In other news, major shareholder Nmsic Co-Investment Fund, L.P. sold 200,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $3.30, for a total transaction of $660,000.00. Following the completion of the sale, the insider now directly owns 2,108,958 shares of the company’s stock, valued at $6,959,561.40. This trade represents a 8.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink . Also, CEO John Aballi purchased 24,305 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average cost of $2.81 per share, with a total value of $68,297.05. Following the purchase, the chief executive officer now owns 689,799 shares in the company, valued at $1,938,335.19. This represents a 3.65 % increase in their position. The disclosure for this purchase can be found here . 26.10% of the stock is currently owned by corporate insiders. Institutional Inflows and Outflows Hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC grew its position in Exagen by 93.3% during the 2nd quarter. Renaissance Technologies LLC now owns 94,234 shares of the company’s stock worth $172,000 after acquiring an additional 45,476 shares during the last quarter. Creative Planning acquired a new position in Exagen in the third quarter worth $110,000. Palumbo Wealth Management LLC grew its holdings in shares of Exagen by 14.5% during the third quarter. Palumbo Wealth Management LLC now owns 76,364 shares of the company’s stock worth $236,000 after purchasing an additional 9,695 shares during the last quarter. Verus Capital Partners LLC acquired a new stake in shares of Exagen in the third quarter valued at $39,000. Finally, Stonepine Capital Management LLC increased its stake in shares of Exagen by 49.0% in the third quarter. Stonepine Capital Management LLC now owns 534,398 shares of the company’s stock valued at $1,651,000 after buying an additional 175,701 shares in the last quarter. Institutional investors and hedge funds own 75.25% of the company’s stock. About Exagen ( Get Free Report ) Exagen Inc develops and commercializes various testing products under the AVISE brand in the United States. The company enables healthcare providers to care for patients through the diagnosis, prognosis, and monitoring of autoimmune and autoimmune-related diseases, including systemic lupus erythematosus (SLE) and rheumatoid arthritis (RA). Featured Articles Receive News & Ratings for Exagen Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exagen and related companies with MarketBeat.com's FREE daily email newsletter .
Iceland votes for a new parliament after political disagreements force an early election
Nasdaq surges above 20,000 after US inflation data matches estimatesBy JILL COLVIN NEW YORK (AP) — President-elect Donald Trump wants to turn the lights out on daylight saving time. In a post on his social media site Friday, Trump said his party would try to end the practice when he returns to office. “The Republican Party will use its best efforts to eliminate Daylight Saving Time, which has a small but strong constituency, but shouldn’t! Daylight Saving Time is inconvenient, and very costly to our Nation,” he wrote. Setting clocks forward one hour in the spring and back an hour in the fall is intended to maximize daylight during summer months, but has long been subject to scrutiny. Daylight saving time was first adopted as a wartime measure in 1942. Lawmakers have occasionally proposed getting rid of the time change altogether. The most prominent recent attempt, a now-stalled bipartisan bill named the Sunshine Protection Act , had proposed making daylight saving time permanent. The measure was sponsored by Florida Sen. Marco Rubio , whom Trump has tapped to helm the State Department. Related Articles National Politics | Ruling by a conservative Supreme Court could help blue states resist Trump policies National Politics | A nonprofit leader, a social worker: Here are the stories of the people on Biden’s clemency list National Politics | Nancy Pelosi hospitalized after she ‘sustained an injury’ on official trip to Luxembourg National Politics | Veteran Daniel Penny, acquitted in NYC subway chokehold, will join Trump’s suite at football game National Politics | About 3 in 10 are highly confident in Trump on Cabinet, spending or military oversight: AP-NORC poll “Changing the clock twice a year is outdated and unnecessary,” Republican Sen. Rick Scott of Florida said as the Senate voted in favor of the measure. Health experts have said that lawmakers have it backward and that standard time should be made permanent. Some health groups , including the American Medical Association and American Academy of Sleep Medicine, have said that it’s time to do away with time switches and that sticking with standard time aligns better with the sun — and human biology. Most countries do not observe daylight saving time. For those that do, the date that clocks are changed varies, creating a complicated tapestry of changing time differences. Arizona and Hawaii don’t change their clocks at all.Amazon: New Delivery Drone Has ‘Double the Range and Half the Noise’
LUXEMBOURG / ACCESSWIRE / November 22, 2024 / Nexa Resources S.A. ("Nexa Resources", "Nexa" or the "Company") (NYSE Symbol:NEXA) announces today that it has completed the previously announced sale (the "Transaction") of 100% of the shares issued by Compañia Minera Cerro Colorado S.A.C., comprising the mineral properties of the Pukaqaqa Project ("Pukaqaqa" or the "Project"), located in the Huancavelica region of Peru. With the completion of the Transaction, and pursuant to the terms of the definitive agreement, Nexa has sold and transferred all shares, rights, titles, and interests in Pukaqaqa to Olympic Precious Metals Ltd ("Olympic"). The Transaction was completed following the fulfillment of all closing conditions. About Olympic Precious Metals Ltd Olympic Precious Metals Ltd is a Canadian company dedicated to the development of copper and gold opportunities across the Americas. Olympic is committed to preserving, growing, and realizing long-term shareholder value in a responsible manner, delivering lasting benefits to local communities and stakeholders. The Olympic team brings deep, proven expertise in efficiently exploring, rapidly advancing, and successfully delivering sustainable mining projects. The Company creates value by building and optimizing mines that prioritize local employment, engage local suppliers, and empower local communities. For more information, visit: www.olympicpreciousmetals.com . About Nexa Nexa is a large-scale, low-cost integrated zinc producer with over 65 years of experience developing and operating mining and smelting assets in Latin America. Nexa currently owns and operates five long-life mines, three of which are located in the central Andes region of Peru, and two of which are located in Brazil (one in the state of Minas Gerais and one in the state of Mato Grosso). Nexa also currently owns and operates three smelters, two of which are located in the state of Minas Gerais in Brazil, and one of which is Cajamarquilla, located in Lima, which is the largest smelter in the Americas. Nexa was among the top five producers of mined zinc globally in 2023 and one of the top five metallic zinc producers worldwide in 2023, according to Wood Mackenzie. Cautionary Statement on Forward-Looking Statements This news release contains certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to in this news release as "forward-looking statements"). Forward-looking statements contained in this news release may include, but are not limited to, zinc and other metal prices and exchange rate assumptions, projected operating and capital costs, metal or mineral recoveries, head grades, mine life, production rates, and returns; the Company's potential plans; the estimation of the tonnage, grade and content of deposits and the extent of mineral resource and mineral reserve estimates; timing of commencement of production; exploration potential and results; the timing and receipt of necessary permits for future operations; and the impacts of COVID-19 on our operations. These statements are based on information currently available to the Company and the Company provides no assurance that actual results and future performance and achievements will meet or not differ from the expectations of management or qualified persons. All statements other than statements of historical fact are forward-looking statements. The words "believe," "will," "may," "may have," "would," "estimate," "continues," "anticipates," "intends," "plans," "expects," "budget," "scheduled," "forecasts" and similar words are intended to identify estimates and forward-looking statements. Forward-looking statements are not guarantees and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Actual results and developments may be substantially different from the expectations described in the forward-looking statements for a number of reasons, many of which are not under our control, among them, the activities of our competition, the future global economic situation, weather conditions, market prices and conditions, exchange rates, and operational and financial risks. The unexpected occurrence of one or more of the abovementioned events may significantly change the results of our operations on which we have based our estimates and forward-looking statements. Our estimates and forward-looking statements may also be influenced by, among others, legal, political, environmental, or other risks that could materially affect the potential development of the Project, including risks related to outbreaks of contagious diseases or health crises impacting overall economic activity regionally or globally, as well as risks relating to ongoing or future investigations by local authorities with respect to our business and operations and the conduct of our customers, including the impact to our financial statements regarding the resolution of any such matters. These forward-looking statements related to future events or future performance and include current estimates, predictions, forecasts, beliefs and statements as to management's expectations with respect to, but not limited to, the business and operations of the Company and mining production, our growth strategy, the impact of applicable laws and regulations, future zinc and other metal prices, smelting sales, capex, expenses related to exploration and project evaluation, estimation of Mineral Reserves and/or Mineral Resources, mine life and our financial liquidity. Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable and appropriate by management and qualified persons considering their experience are inherently subject to significant uncertainties and contingencies and may prove to be incorrect. Statements concerning future production costs or volumes are based on numerous assumptions of management regarding operating matters and on assumptions that demand for products develops as anticipated, that customers and other counterparties perform their contractual obligations, full integration of mining and smelting operations, that operating and capital plans will not be disrupted by issues such as mechanical failure, unavailability of parts and supplies, labor disturbances, interruption in transportation or utilities, adverse weather conditions, and that there are no material unanticipated variations in metal prices, exchange rates, or the cost of energy, supplies or transportation, among other assumptions. Estimates and forward-looking statements refer only to the date when they were made, and we do not undertake any obligation to update or revise any estimate or forward-looking statement due to new information, future events or otherwise, except as required by law. Estimates and forward-looking statements involve risks and uncertainties and do not guarantee future performance, as actual results or developments may be substantially different from the expectations described in the forward-looking statements. Further information concerning risks and uncertainties associated with these forward-looking statements and our business can be found in our public disclosures filed under our profile on SEDAR+ ( www.sedarplus.ca ) and on EDGAR ( www.sec.gov ). For further information, please contact: Investor Relations Team ir@nexaresouces.com SOURCE: Nexa Resources S.A. View the original on accesswire.com