Imran says pertinent for him to meet PTI’s team to make negotiations with govt ‘meaningful’
NoneEvery Black Friday, there’s a number of viral products that everyone has on their Christmas wish list, and we don’t expect this year to be any different. However, not all of these popular items are going to stay in stock, and we have some insight on the ones that won’t. Black Friday is big business, and last year shoppers spent $222.1 billion during the entire holiday shopping season, according to Queue-it. Sales on Black Friday reached $16.4 billion (online and in stores), and this was a 9% increase from the year before. While it comes as no surprise that electronics are the most sought-after products of the holiday season, Queue-it said this accounts for the majority of holiday sales, jumping to $50.8 billion in 2023. Apparel, furniture, groceries and toys are the other hot sellers of Black Friday. Together, these five categories accounted for 65% of sales during the holidays last year and is only expected to grow in 2024. While many items that sell out over Black Friday are driven by a good deal, we also know that a hot product is just that — a gift that most people want to open on Christmas Day. So, here are our picks for the top 10 hot-ticket items that could sell out over Black Friday. The holidays are ripe for TV deals, and we expect shoppers to buy a ton of them in 2024, especially at Walmart. Consumers are trending toward bigger TVs and the super low-price deals over Black Friday force many models to sell out. This is especially true of popular models from Samsung, Hisense, LG and more favorites. Apple's smartwatches are a top pick among Apple fans. We’ve seen prices on the Apple Watch continue to trend downward, which was only spurred by the release of the new Apple Watch 10 in September. This pushed down prices on earlier models, with the best deals coming on the Apple Watch SE and Apple Watch 9. For Black Friday, we think the prices will drop even lower and sell out due to high demand. Beats Solo3 Amazon.com Wireless headphones are one of the most popular products of 2024, and Beats are one of the top brands. We’re already seeing big markdowns on Beats Wireless Headphones, and we expect these price drops to continue into Black Friday. The Beats Solo3 is likely to be on sale for even cheaper than we’ve already seen, and we think they will sell out for Black Friday, with the possibility of other popular Beats headphones joining them. If you haven’t picked up a pair of Apple AirPods yet, this could be your year to do it. With Apple launching a fourth generation of AirPods earlier this year, the price on prevvious models are creeping lower. We think over Black Friday they’ll be at their cheapest price ever, with the AirPods (3rd Gen) likely to sell out. Listen now and subscribe: Apple Podcasts | Google Podcasts | Spotify | Stitcher | RSS Feed | SoundStack | All Of Our Podcasts Bluetooth speakers are a must-have for many this year, and with the big sound that comes from JBL’s speakers, it’s easy to see why they might sell out for Black Friday. These popular speakers come in a variety of portable sizes and waterproof designs. We expect big deals on JBL’s top-rated Clip 5 and Flip 6 Bluetooth speaker models. Apple iPad (10th Gen) Amazon.com One of Apple’s most sought-after products of the year was the iPad, and we saw the 9th Gen and 10th Gen models drop to their lowest prices ever. We think this year will bring some iPad bliss with even better discounts, but these deals will disappear just as fast as they arrive. We think that mega discounts on the iPad (9th Gen) and iPad (10th Gen) could cause sell outs, especially on Amazon. The Dyson Airwrap just might be the top product of Black Friday, as this is one of the rare times there’s a discount on the beloved hair styling tool. At $600, the Airwrap carries a hefty price tag, so any discount presented is a welcome surprise. But as we’ve seen in the past, any Black Friday deal on the Dyson Airwrap causes a crush of interest that’s followed by a sell out. Ugg Tasman slippers Amazon.com If you’ve tried to scoop up the UGG Tasman Slippers in previous years, you already know they never stay in stock for long. As the “it” slipper of the holiday season, UGG’s Tasman sells out multiple times over the holidays, even without a discount offered. We think that this year will be similar, with popular sizes and colors of the Tasman Slipper snatched up fast over Black Friday. Bissell Little Green Amazon.com The Bissell Little Green carpet cleaner is a popular home product that just can’t seem to stay in stock. With prices falling under $90, this mighty machine can be a blessing for pet owners and parents, as its compact size makes it easy to store and use when needed. We’ve seen the Little Green Machine sell out before, and we’d be surprised if it didn’t do it again over Black Friday. We’d be remiss if we didn’t include a top toy that we think will be hard to find and gift this year. Our pick is the Furby Galaxy Edition. This glow-in-the-dark Furby is based on the original Furby from the late ’90s with even more features, interactive modes and more fun. Making a comeback in 2023, we saw the revival of this popular toy sell out last year, and we expect the new Furby Galaxy Edition to do the same.
Aaron Rodgers suggests a 'curse' might be the reason for the Jets' losing waysGaza: Australia votes in favour of United Nations Relief and Works Agency ceasefire
HONG KONG (AP) – Asian markets were mostly higher yesterday, with Chinese markets logging gains of more than one per cent after the Chinese finance minister promised a more pro-active approach to government spending in the coming year. United States (US) futures were little changed in quiet holiday eve trading and oil prices rose. Japan’s benchmark Nikkei 225 slipped 0.3 per cent to 39,036.85. Honda’s shares surged more than 12.2 per cent as the Japanese automaker announced an up to JPY1.1 trillion (USD7 billion) share buyback after it announced Monday that it was seeking a merger with its larger but troubled rival Nissan. The two companies said they had signed a memorandum of understanding on Monday and that smaller Nissan alliance member Mitsubishi Motors Corp also had agreed to join the talks on integrating their businesses. Nissan’s shares rose six per cent. The Hang Seng in Hong Kong added 1.1 per cent to 20,098.29 and the Shanghai Composite index was up 1.3 per cent at 3,393.53. Chinese Finance Minister Lan Fo’an told a financial work conference that Beijing will increase the fiscal deficit in 2025 and step up spending, issuing more government bonds and increasing transfers to local governments to help ensure they can deliver guarantees to the public for housing, heating and food, according to the ministry’s website. The comments were the latest by top leaders aimed at assuaging concern over the slowing growth of the world’s second-largest economy. South Korea’s Kospi lost 0.1 per cent to 2,440.52 as a report said consumer sentiment dropped sharply in December. Elsewhere in Asia, Australia’s S&P/ASX 200 advanced 0.2 per cent to 8,220.90. Taiwan’s Taiex gained 0.1 per cent, with shares in Taiwan Semiconductor Manufacturing Co, the world’s biggest computer chip maker, hitting a record high. On Monday, the S&P 500 ended 0.7 per cent higher at 5,974.07. The Dow Jones Industrial Average eked out a 0.2 per cent gain to 42,906.95. The tech-heavy Nasdaq composite rose one per cent to 19,764.89. The Conference Board said its consumer confidence index fell to 104.7 from 112.8 in November. Wall Street had been expecting a reading of 113.8. The unexpectedly weak consumer confidence update followed several generally strong economic reports last week. One report showed the overall economy grew at a 3.1 per cent annualised rate during the summer, faster than what was thought earlier. The latest report on unemployment benefit applications showed the job market remains solid. Inflation concerns have added to uncertainties heading into 2025, which include the jobs market and shifting economic policies under President-elect Donald Trump. Wall Street has several economic reports to look forward to this week, including a weekly update on unemployment benefits tomorrow. In other dealings early yesterday, US benchmark crude oil picked up 37 cents to USD69.61 per barrel.
Photo: Pixabay stock photo Students, staff and families from Immaculata Regional High School in Kelowna have undertaken another successful holiday turkey drive. The school collected and delivered 446 turkeys to the Central Okanagan Food Bank this year. “I would first like to thank Immaculata Regional High School for continuing to host this important community event with great enthusiasm. Thank you to the kids from the RINK hockey program who joined us for the second year in a row. The Turkey Drive presents a great first-hand opportunity for students to learn the importance of giving back to their community,” said event founder Jim Hare. It was the 7th year for the turkey drive which is supported by Castanet and was broadcast live on K96.3 by morning show hosts Bradley Karp and Alysha Williams on Dec. 13. “A big thank-you to our four live broadcast sponsors: Vantage West Realty, Even Steven Contracting, Hingley Construction, and World of Spas. And not to mention each and every donor who has contributed towards such a phenomenal result,” added Hare. “We are already looking forward to building upon our great success in 2025”.SYRACUSE, N.Y. (AP) — Eddie Lampkin Jr. and Donnie Freeman each posted a double-double and Jaquan Carlos finished an assist shy of joining them as Syracuse closed out its nonconference schedule with a 75-63 win over Bucknell on Saturday. The Orange evened their record at 6-6 with their sixth win in seven home games, taking a 12-point lead at intermission and maintaining it through the second half, handing the Bison (4-9) their seventh straight loss. Syracuse, which lost its Atlantic Coast Conference opener to Notre Dame, finished nonconference play 6-5. Lampkin and Freeman combined to score 24 first-half points and helped the Orange dominate the boards in the first half, 18-11. Pip Ajayi dunked near the 14-minute mark to get Bucknell within five, 48-43, but Elvin Edmonds IV missed a 3-point attempt to make it a one-possession game a minute later and Lampkin scored to push the lead to seven. Kyle Cuffe Jr. scored back-to-back baskets and Carlos added a layup to push the Syracuse lead back to a dozen points, 56-44. Lampkin finished with 18 points and 11 rebounds scored 15 points, grabbed 11 boards and dished three assists with a steal. Carlos posted 11 points with nine assists and three steals. Syracuse outrebounded Bucknell 43-27. John Bascoe hit 6 of 11 from behind the arc and led the Bison with 22 points. Noah Williamson finished with 12 points and eight rebounds. Syracuse opens the heart of its ACC schedule when it plays host to Wake Forest on New Year's Eve. Bucknell opens Patriot League play January 2 at Lehigh. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college basketball: https://apnews.com/hub/ap-top-25-college-basketball-poll and https://apnews.com/hub/college-basketballFLORHAM PARK, N.J. (AP) — The New York Jets might be dealing with an opponent even tougher to overcome than their poor play, missed opportunities and ill-timed mistakes. Wide receiver Garrett Wilson suggested last Sunday a losing “gene” might be an explanation for after the team dropped to 3-10 with a loss at Miami. On Wednesday, Aaron Rodgers presented another perhaps more sinister reason. “I mean, it might be something like that,” the quarterback said of Wilson’s theory. “It might be some sort of curse we’ve got to snap as well.” Generations of frustrated Jets fans have half-jokingly insisted there have been negative forces at work against the franchise since Joe Namath delivered on his Super Bowl guarantee in January 1969. It remains the team’s only appearance in the NFL’s biggest game. Rodgers has been there once — and won — with Green Bay. The 41-year-old quarterback came to New York hoping to finally lead the Jets back to the Super Bowl. He even commented on how lonely the team’s only Lombardi Trophy looked during his introductory news conference 20 months ago. Instead, Rodgers’ first season in New York was cut short by a torn Achilles tendon just four snaps in, immediately resurrecting “curse” theories among jaded Jets fans. With its loss last Sunday, New York extended its playoff drought to 14 straight years, the longest active skid among the major North American sports leagues. And the team will be looking for a new general manager and coach after this season, and Rodgers’ future in New York is very much up in the air. “Whatever the case, this team, this organization is going to figure out how to get over the hump at some point,” Rodgers said. “The culture is built by the players. There’s a framework set down by the organization, by the upper ups, by the staff. But in the end, it’s the players that make it come to life. “And at some point, everybody’s going to have to figure out what that special sauce is to turn those games that should be wins into wins.” The Jets have held the lead in the fourth quarter in five games this season. They’ve lost each of them, including the past three games. New York’s inability to come away with wins in those prompted Wilson’s “gene” theory. “I’m not exactly sure what he was talking about there,” Rodgers said with a smile. “I don’t know what the proper nomenclature is for the situation where we’ve lost some leads or haven’t been able to take the lead late in the game, but that’s the way it goes sometimes. We haven’t been great in situational football. “A lot of those games come down to the plays in the first and second, even third quarter, where if you make the play the game is not in that situation. But in those situations, we haven’t been very good on offense or defense or even (special) teams.” Rodgers said “it takes a conscious effort, it takes an intentional effort” to establish a winning culture, and it includes leadership, practice habits and setting standards inside and outside of the locker room. And this year’s Jets, Rodgers said, are “on the edge” of that. “We just haven’t quite figured out how to get that special sauce worked out, mixed up,” he said. “It’s close and a lot of great guys are in the locker room. There’s some good mix of veterans and young guys, but we just haven’t quite put it all together.” ___ AP NFL:WuKong Education Named to the 2025 GSV 150 for Leading the Way in Education Technology
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Prominent figure from Canada's trucker protests against COVID-19 restrictions found guiltyThe NCC and CBN have issued a clear directive to Deposit Money Banks and Mobile Network Operators The regulator gave the parties instructions to resolve the ongoing debt dispute over N250 billion in USSD Payment agreements must be finalized by January 2, 2025, and full settlement is due by July 2, 2025 CHECK OUT: Don't let unemployment hold you back. Start your digital marketing journey today. Legit.ng journalist Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market . Deposit Money Banks and Mobile Network Operators have received a definitive mandate from the Nigerian Communications Commission and the Central Bank of Nigeria to settle the long-running N250 billion Unstructured Supplementary Service Data debt dispute. Oladimeji Taiwo, the acting director of payments system management at the CBN, and Chizua Whyte, the head of legal and regulatory services at the NCC, signed the directive, which was contained in a joint circular dated December 20, 2024. The Punch reported that the document included new operational instructions for USSD services as well as a structured payment plan for debt settlement. Read also Ecobank sends warning to customers as fraudsters steal money from Nigerian banks PAY ATTENTION: Follow us on Instagram - get the most important news directly in your favourite app! The directive stipulates that a full and final settlement of 60% of all obligations incurred prior to the deployment of Application Programming Interfaces in February 2022 must be made. Complete settlement is required on July 2, 2025, and payment agreements, whether in instalments or lump sums, must be finalized by January 2, 2025. The CBN and NCC required banks to pay 85% of all outstanding invoices by December 31, 2024, for debts originating after February 2022. They also required banks to make sure that 85% of future invoices are paid within a month of their issuance. Additionally, the regulators warned that non-compliance would result in severe penalties and ordered both parties to stop all ongoing litigation pertaining to the USSD debt issue. “In view of the foregoing, the CBN and NCC hereby direct that all DMBs and MNOs adhere strictly to the outlined payment terms to ensure final resolution of this matter. Failure to comply will result in sanctions,” the circular stated. Read also MTN, Airtel, Glo, other telcos Warn of service disruption over N250 billion debt by banks The decision was made in response to growing pressure from telecom operators, who had previously demanded a transparent payment plan to settle the debt, which had damaged ties between the banking and telecom industries. The regulators also stressed that only banks and telcos that fulfill the specified payment requirements will be subject to the shift to end-user paying for USSD services. MTN, Airtel, Glo, other telcos warn of service disruption Legit.ng reported that the Association of Telecommunications Companies of Nigeria (ALTON) has asked the Nigerian Communications Commission (NCC) and other stakeholders to implement practical solutions to resolve the N250 billion debt by commercial banks to telecom firms for Unstructured Supplementary Service Data (USSD) service. ATCON president Tony Emoekpere emphasised the need for solutions and warned that the debt threatens the progress of financial inclusion in Nigeria. He stated that USSD is critical for Nigeria’s drive for financial inclusion, especially in the rural areas with limited smartphone and internet access. PAY ATTENTION: Сheck out news that is picked exactly for YOU ➡️ find the “Recommended for you” block on the home page and enjoy! Source: Legit.ngQ&A: Mina Kimes' 'Christmas gift' is talking NFL all day on Netflix — and hopefully no glitching
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NEW YORK , Dec. 11, 2024 /PRNewswire/ -- Report with the AI impact on market trends - The global man-made sausage casing market size is estimated to grow by USD 791.65 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 6.99% during the forecast period. Increasing household consumption of processed meat is driving market growth, with a trend towards rising number of organized retail outlets that offer processed meat products. However, increasing frequency of animal disease outbreaks poses a challenge. Key market players include Almol Australiasia Casings pl, Biostar Co., Blancasings Industriale SRL, BSA Wiberg, Colpak, Danish Crown AS, FABIOS S.A., Fibran Group, Globe Packaging Inc., Kalle GmbH, LEM Products, Oversea Casing Co., PODANFOL S.A., SARIA International GmbH, SELO BV, Viscofan SA, Viskase Companies Inc., ViskoTeepak Holding Ab Ltd., Waltons, Weschenfelder Direct Ltd., and Nippi Inc.. Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF Market Driver The man-made sausage casing market is witnessing significant trends in response to changing consumer preferences and dietary trends. Sausage links made with ground beef continue to be popular, but there's a growing demand for lower-fat and seasoned fillers. Natural casings from pig intestines and animal collagen, including cow and pig skins, are being replaced by artificial casings like cellulose, collagen, plastic, and fibrous materials. Hygienic benefits and microbial contamination concerns are driving the shift towards man-made casings. With the rise of plant-based diets, vegan sausages made with plant-based materials like cellulose, collagen, and whey proteins are gaining traction. Food retailers and foodservice chains are catering to this demand, offering a variety of vegetarian and vegan sausage casings. Animal welfare and ethical concerns are influencing the market, with some consumers opting for plant-based diets due to animal cruelty concerns. Healthy lifestyles and vegetarianism are also driving the demand for natural and GMO-free casings. Automation and consistent quality are essential for food manufacturers producing processed meat products, including animal-based and plant-based sausages, for on-the-go consumption. Public health risks associated with processed meat products and the rise of plant-based diets are impacting global meat consumption and production. The man-made sausage casing market is adapting to these trends, offering a range of casings for both animal-based and plant-based sausages. From collagen-based casings to fermented sausage, net casings, and textile casings, the market is diverse and evolving to meet the needs of consumers. The man-made sausage casing market has experienced significant growth due to the increasing demand for processed meat from quick food establishments and households. Supermarkets, as organized retailers, have capitalized on this trend by offering a wide range of processed meat products, including sausages, hot dogs, salami, bacon, and ham. These convenient options save time and money for both restaurants and households. Additionally, the proliferation of supermarkets globally has made it more convenient for consumers to shop for various household items in one place, leading to their growing popularity. Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution! The man-made sausage casing market faces several challenges in the modern food industry. Sausage links made from ground beef, fat, seasoning, and fillers require casings for proper shaping and cooking. Traditional casings like pig intestines and cow skins have hygienic benefits but raise concerns over animal cruelty and microbial contamination. Artificial casings from cellulose, collagen, plastic, and other materials offer solutions. Collagen casings, derived from animal collagen, are popular due to their premium image and consistent quality. However, vegetarian and vegan consumers demand plant-based alternatives, leading to the development of casings from plant-based materials like cellulose, fibrous casings, and even whey proteins. Food retailers, foodservice chains, and supermarkets catering to diverse diets and lifestyles require various types of casings. These include vegan sausage casings, net casings, and textile casings. Processed meat products, convenience foods, and ready-to-eat items demand automation for efficient production and consistent quality. However, challenges persist in ensuring GMO-free and gluten-free casings, as well as addressing public health risks associated with processed meat consumption. The market continues to evolve with the growing popularity of plant-based diets, fermented sausages, and natural casings like alginate casings. The man-made sausage casing market faces a significant challenge due to the rising prevalence of animal diseases during the forecast period. Diseases such as foot-and-mouth disease, rinderpest, fowl plague, rift valley fever, swine vesicular disease, bovine spongiform encephalopathy, contagious bovine pleuropneumonia, pneumovirus, porcine circovirus 2, porcine reproduction and respiratory syndrome, and avian influenza restrict the use of livestock and poultry in manufacturing sausage casings. Animals infected with these diseases carry harmful substances like hormones, microorganisms, dioxins, anti-microbial drugs, and chemicals that can pose health risks to consumers. Therefore, the man-made sausage casing market's growth may be impeded due to the increasing incidence of animal diseases. Discover how AI is revolutionizing market trends- Get your access now! This man-made sausage casing market report extensively covers market segmentation by 1.1 Household 1.2 Industrial 2.1 Collagen casing 2.2 Cellulose casing 2.3 Fibrous casing 2.4 Plastic casing 2.5 Others 3.1 North America 3.2 Europe 3.3 APAC 3.4 South America 3.5 Middle East and Africa 1.1 Household- The man-made sausage casing market has experienced significant growth due to the increasing consumption of processed meat in households. With urban populations growing and busy work schedules, the convenience of quick-to-prepare processed foods, such as sausages, has become increasingly popular. The Millennial population's interest in cooking also contributes to the demand for man-made sausage casings. Collagen and cellulose casings are commonly used in households. Furthermore, the availability of man-made sausage casings on e-commerce platforms like Amazon.com has expanded market reach and sales. These factors are expected to continue driving the growth of the global man-made sausage casing market over the forecast period. Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics The man-made sausage casing market encompasses a variety of materials used to encase and preserve different types of sausages. Sausages can be made from links of ground beef, seasoned with herbs and spices, filled with fat and other ingredients, and encased in natural or artificial casings. Traditional casings include pig intestines, but artificial options like cellulose, collagen, and plastic are also popular. Global meat consumption and production drive demand for sausage casings, with sausage manufacturers, foodservice chains, and supermarkets as key buyers. Vegetarian sausages require plant-based casings, while public health risks associated with plastic and textile casings are a concern. Collagen-based casings, alginate casings, and net casings are alternative options. Convenience foods and ready-to-eat products also contribute to market growth. Fermented sausages, like salami and chorizo, often use natural casings, while artificial casings are more common for fresh and cooked sausages. Man-made sausage casings have gained significant popularity in the food industry as an alternative to traditional animal casings. These casings are made from various materials such as collagen, cellulose, plastic, and plant-based materials like fibrous casings, net casings, and even textile casings. Sausage links can be filled with ground beef, fat, seasoning, and fillers to create a wide range of sausage types. The use of man-made casings offers several advantages, including hygienic benefits, reduced risk of microbial contamination, and consistency in quality. Collagen casings, derived from animal collagen, are a popular choice for those who prefer natural sausage casings but do not consume pig intestines or cow skins. As dietary trends shift towards plant-based diets, vegan sausages have gained traction, leading to the development of vegetarian sausage casings made from materials like cellulose, collagen, and plant-based proteins like whey. This shift is driven by concerns over animal cruelty, healthier lifestyles, and ethical considerations. Food retailers, foodservice chains, and supermarkets offer a wide range of man-made sausage casings to cater to diverse consumer preferences. The global meat production and consumption continue to rise, driving the demand for man-made sausage casings in processed meat products, ready-to-eat products, and convenience foods. Automation in the production of man-made sausage casings ensures consistent quality and reduces the need for artificial additives. The market for man-made sausage casings is expected to grow as consumers seek premium image, consistent quality, and diverse options in their food choices. However, concerns over public health risks associated with processed meat products and the environmental impact of livestock production may influence the market's growth. 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation End-user Household Industrial Type Collagen Casing Cellulose Casing Fibrous Casing Plastic Casing Others Geography North America Europe APAC South America Middle East And Africa 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ SOURCE TechnavioRobinhood Markets, Inc. ( NASDAQ:HOOD – Get Free Report ) insider Daniel Martin Gallagher, Jr. sold 300,000 shares of Robinhood Markets stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $37.51, for a total value of $11,253,000.00. Following the sale, the insider now owns 806,955 shares of the company’s stock, valued at approximately $30,268,882.05. This trade represents a 27.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website . Robinhood Markets Trading Down 3.4 % HOOD stock opened at $39.02 on Friday. The firm’s 50-day moving average price is $34.36 and its two-hundred day moving average price is $26.21. The stock has a market capitalization of $34.49 billion, a price-to-earnings ratio of 66.14, a PEG ratio of 0.76 and a beta of 2.09. Robinhood Markets, Inc. has a 12-month low of $10.38 and a 12-month high of $43.83. Robinhood Markets ( NASDAQ:HOOD – Get Free Report ) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). The business had revenue of $637.00 million during the quarter, compared to analysts’ expectations of $660.53 million. Robinhood Markets had a return on equity of 7.52% and a net margin of 21.80%. The company’s quarterly revenue was up 36.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.09) EPS. Equities analysts predict that Robinhood Markets, Inc. will post 0.8 EPS for the current year. Analyst Upgrades and Downgrades Check Out Our Latest Stock Analysis on HOOD Institutional Investors Weigh In On Robinhood Markets Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of Robinhood Markets by 1,211,858.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,817,670 shares of the company’s stock valued at $89,410,000 after buying an additional 3,817,355 shares in the last quarter. Azora Capital LP purchased a new stake in Robinhood Markets in the third quarter worth approximately $79,780,000. FMR LLC lifted its holdings in Robinhood Markets by 31.3% in the third quarter. FMR LLC now owns 14,129,544 shares of the company’s stock valued at $330,914,000 after acquiring an additional 3,368,118 shares during the period. Renaissance Technologies LLC increased its stake in shares of Robinhood Markets by 37.7% in the 2nd quarter. Renaissance Technologies LLC now owns 7,651,700 shares of the company’s stock worth $173,770,000 after purchasing an additional 2,094,800 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Robinhood Markets by 19.5% in the third quarter. Geode Capital Management LLC now owns 11,620,673 shares of the company’s stock worth $271,708,000 after buying an additional 1,895,427 shares in the last quarter. 93.27% of the stock is owned by hedge funds and other institutional investors. Robinhood Markets Company Profile ( Get Free Report ) Robinhood Markets, Inc operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company offers fractional trading, recurring investments, fully-paid securities lending, access to investing on margin, cash sweep, instant withdrawals, retirement program, around-the-clock trading, and initial public offerings participation services. Featured Stories Receive News & Ratings for Robinhood Markets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Robinhood Markets and related companies with MarketBeat.com's FREE daily email newsletter .
Aaron Rodgers suggests a 'curse' might be the reason for the Jets' losing waysGlobal Mining Truck Market To Reach $37.39 Billion By 2028 With A Growth Rate Of 6.4%
NoneAmanda Hernández | (TNS) Stateline.org CHICAGO — Shoplifting rates in the three largest U.S. cities — New York, Los Angeles and Chicago — remain higher than they were before the pandemic, according to a report last month from the nonpartisan research group Council on Criminal Justice. Related Articles National News | Nicotine pouches are selling fast — and falling into minors’ hands National News | Bill Clinton is out of the hospital after being treated for the flu National News | Heavy travel day off to a rough start after American Airlines briefly grounds all flights National News | Prosecutors withdraw appeal of dismissed case against Alec Baldwin in fatal movie set shooting National News | Today in History: December 24, former defense secretary pardoned in Iran-Contra scandal The sharp rise in retail theft in recent years has made shoplifting a hot-button issue, especially for politicians looking to address public safety concerns in their communities. Since 2020, when viral videos of smash-and-grab robberies flooded social media during the COVID-19 pandemic, many Americans have expressed fears that crime is out of control. Polls show that perceptions have improved recently, but a majority of Americans still say crime is worse than in previous years. “There is this sense of brazenness that people have — they can just walk in and steal stuff. ... That hurts the consumer, and it hurts the company,” said Alex Piquero, a criminology professor at the University of Miami and former director of the federal Bureau of Justice Statistics, in an interview. “That’s just the world we live in,” he said. “We need to get people to realize that you have to obey the law.” At least eight states — Arizona, California, Florida, Iowa, Kansas, Louisiana, New York and Vermont — passed a total of 14 bills in 2024 aimed at tackling retail theft, according to the National Conference of State Legislatures. The measures range from redefining retail crimes and adjusting penalties to allowing cross-county aggregation of theft charges and protecting retail workers. Major retailers have responded to rising theft since 2020 by locking up merchandise, upgrading security cameras, hiring private security firms and even closing stores. Still, the report indicates that shoplifting remains a stubborn problem. In Chicago, the rate of reported shoplifting incidents remained below pre-pandemic levels throughout 2023 — but surged by 46% from January to October 2024 compared with the same period a year ago. Shoplifting in Los Angeles was 87% higher in 2023 than in 2019. Police reports of shoplifting from January to October 2024 were lower than in 2023. Los Angeles adopted a new crime reporting system in March 2024, which has likely led to an undercount, according to the report. In New York, shoplifting rose 48% from 2021 to 2022, then dipped slightly last year. Still, the shoplifting rate was 55% higher in 2023 than in 2019. This year, the shoplifting rate increased by 3% from January to September compared with the same period last year. While shoplifting rates tend to rise in November and December, which coincides with in-person holiday shopping, data from the Council on Criminal Justice’s sample of 23 U.S. cities shows higher rates in the first half of 2024 compared with 2023. Researchers found it surprising that rates went up despite retailers doing more to fight shoplifting. Experts say the spike might reflect improved reporting efforts rather than a spike in theft. “As retailers have been paying more attention to shoplifting, we would not expect the numbers to increase,” said Ernesto Lopez, the report’s author and a senior research specialist with the council. “It makes it a challenge to understand the trends of shoplifting.” In downtown Chicago on a recent early afternoon, potential shoppers shuffled through the streets and nearby malls, browsing for gifts ahead of the holidays. Edward Johnson, a guard at The Shops at North Bridge, said that malls have become quieter in the dozen or so years he has worked in mall security, with the rise of online retailers. As for shoplifters, Johnson said there isn’t a single type of person to look out for — they can come from any background. “I think good-hearted people see something they can’t afford and figure nothing is lost if they take something from the store,” Johnson said as he patrolled the mall, keeping an eye out for lost or suspicious items. Between 2018 and 2023, most shoplifting in Chicago was reported in the downtown area, as well as in the Old Town, River North and Lincoln Park neighborhoods, according to a separate analysis by the Council on Criminal Justice. Newly sworn-in Cook County State’s Attorney Eileen O’Neill Burke this month lowered the threshold for charging retail theft as a felony in the county, which includes Chicago, from $1,000 to $300, aligning it with state law. “It sends a signal that she’s taking it seriously,” Rob Karr, the president and CEO of the Illinois Retail Merchants Association, told Stateline. Nationally, retailers are worried about organized theft. The National Retail Federation’s latest report attributed 36% of the $112.1 billion in lost merchandise in 2022 to “external theft,” which includes organized retail crime. Organized retail crime typically involves coordinated efforts by groups to steal items with the intent to resell them for a profit. Commonly targeted goods include high-demand items such as baby formula, laundry detergent and electronics. The same report found that retailers’ fear of violence associated with theft also is on the rise, with more retailers taking a “hands-off approach.” More than 41% of respondents to the organization’s 2023 survey, up from 38% in 2022, reported that no employee is authorized to try and stop a shoplifter. (The federation’s reporting has come under criticism. It retracted a claim last year that attributed nearly half of lost merchandise in 2021 to organized retail crime; such theft accounted for only about 5%. The group announced this fall it will no longer publish its reports on lost merchandise.) Policy experts say shoplifting and organized retail theft can significantly harm critical industries, drive up costs for consumers and reduce sales tax revenue for states. Those worries have driven recent state-level action to boost penalties for shoplifting. California Democratic Gov. Gavin Newsom signed a package of 10 bills into law in August aimed at addressing retail theft. These measures make repeated theft convictions a felony, allow aggregation of crimes across multiple counties to be charged as a single felony, and permit police to arrest suspects for retail theft even if the crime wasn’t witnessed directly by an officer. In September, Newsom signed an additional bill that imposes steeper felony penalties for large-scale theft offenses. California voters also overwhelmingly approved a ballot measure in November that increases penalties for specific drug-related and theft crimes. Under the new law, people who are convicted of theft at least twice may face felony charges on their third offense, regardless of the stolen item’s value. “With these changes in the law, really it comes down to making sure that law enforcement is showing up to our stores in a timely manner, and that the prosecutors and the [district attorneys] are prosecuting,” Rachel Michelin, the president and CEO of the California Retailers Association, told Stateline. “That’s the only way we’re going to deter retail theft in our communities.” In New Jersey, a bipartisan bill making its way through the legislature would increase penalties for leading a shoplifting ring and allow extended sentences for repeat offenders. “This bill is going after a formally organized band of criminals that deliver such destruction to a critical business in our community. We have to act. We have to create a deterrence,” Democratic Assemblymember Joseph Danielsen, one of the bill’s prime sponsors, said in an interview with Stateline. The legislation would allow extended sentences for people convicted of shoplifting three times within 10 years or within 10 years of their release from prison, and would increase penalties to 10 to 20 years in prison for leading a retail crime ring. The bill also would allow law enforcement to aggregate the value of stolen goods over the course of a year to charge serial shoplifters with more serious offenses. Additionally, the bill would increase penalties for assaults committed against retail workers, and would require retailers to train employees on detecting gift card scams. Maryland legislators considered a similar bill during this year’s legislative session that would have defined organized retail theft and made it a felony. The bill didn’t make it out of committee, but Cailey Locklair, president of the Maryland Retailers Alliance, said the group plans to propose a bill during next year’s legislative session that would target gift card fraud. Better, more thorough reporting from retailers is essential to truly understanding shoplifting trends and its full impact, in part because some retail-related crimes, such as gift card fraud, are frequently underreported, according to Lopez, of the Council on Criminal Justice. Measuring crime across jurisdictions is notoriously difficult , and the council does not track organized retail theft specifically because law enforcement typically doesn’t identify it as such at the time of arrest — if an arrest even occurs — requiring further investigation, Lopez said. The council’s latest report found conflicting trends in the FBI’s national crime reporting systems. The FBI’s older system, the Summary Reporting System, known as SRS, suggests that reported shoplifting hadn’t gone up through 2023, remaining on par with 2019 levels. In contrast, the FBI’s National Incident-Based Reporting System, or NIBRS, shows a 93% increase in shoplifting over the same period. The discrepancy may stem from the type of law enforcement agencies that have adopted the latter system, Lopez said. Some of those communities may have higher levels of shoplifting or other types of property crime, which could be what is driving the spike, Lopez said. Despite the discrepancies and varying levels of shoplifting across the country, Lopez said, it’s important for retailers to report these incidents, as doing so could help allocate law enforcement resources more effectively. “All law enforcement agencies have limited resources, and having the most accurate information allows for not just better policy, but also better implementation — better use of strategic resources,” Lopez said. Stateline staff writer Robbie Sequeira contributed to this report. ©2024 States Newsroom. Visit at stateline.org. Distributed by Tribune Content Agency, LLC.As John Stonehouse's web of deceit unravelled, he faked his death in Miami