Provides 2000 A15 Hydro Bitcoin mining machines in initial order Continues global expansion with addition of new customer SINGAPORE , Dec. 12, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that Canaan Creative Global Pte. Ltd. ("CCG"), a wholly owned Singapore subsidiary of the Company, has entered into a purchase agreement with AGM Group Holdings Inc. ("AGMH"), an integrated technology company specializing in fintech software services and production of high-performance hardware and computing equipment, for its Avalon A15 HydU 370T ("A15 Hydro") mining machines. As part of the agreement, Canaan will initially provide 2,000 Bitcoin mining machines to AGMH. The Company has also agreed to provide its customer with an option to acquire approximately 30,000 additional BTC mining units, potentially providing AGMH with a combined power capacity not exceeding 300 megawatts. The Avalon Miner A15 Hydro enhances the miner's performance and lifespan while reducing energy consumption and noise pollution, aligning with Canaan's ESG (Environmental, Social, and Governance) strategy. About Canaan Inc. Established in 2013, Canaan Inc. (NASDAQ: CAN), is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services. Canaan has extensive experience in chip design and streamlined production in the ASIC field. In 2013, Canaan's founding team shipped to its customers the world's first batch of mining machines incorporating ASIC technology in bitcoin 's history under the brand name Avalon. In 2019, Canaan completed its initial public offering on the Nasdaq Global Market. To learn more about Canaan, please visit https://www.canaan.io/ . Safe Harbor Statement This announcement contains forward−looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward−looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as Canaan Inc.'s strategic and operational plans, contain forward−looking statements. Canaan Inc. may also make written or oral forward−looking statements in its periodic reports to the U.S. Securities and Exchange Commission ("SEC") on Forms 20−F and 6−K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Canaan Inc.'s beliefs and expectations, are forward−looking statements. Forward−looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the Company's goals and strategies; the Company's future business development, financial condition and results of operations; the expected growth of the bitcoin industry and the price of bitcoin ; the Company's expectations regarding demand for and market acceptance of its products, especially its bitcoin mining machines; the Company's expectations regarding maintaining and strengthening its relationships with production partners and customers; the Company's investment plans and strategies, fluctuations in the Company's quarterly operating results; competition in its industry; and relevant government policies and regulations relating to the Company and cryptocurrency . Further information regarding these and other risks is included in the Company's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Canaan Inc. does not undertake any obligation to update any forward−looking statement, except as required under applicable law. Investor Relations Contacts Canaan Inc. Xi Zhang Email: IR@canaan-creative.com ICR, LLC. Robin Yang Tel: +1 (347) 396-3281 Email: canaan.ir@icrinc.com View original content: https://www.prnewswire.com/news-releases/canaan-inc-signs-agreement-with-agm-group-holdings-inc-302330362.html SOURCE Canaan Inc.
In an unforeseen move, Moody's has lowered France's credit rating, placing the nation at a significant fiscal crossroads. This adjustment elevates the pressure on France's newly appointed Prime Minister Francois Bayrou as he attempts to unify a fragmented government. Moody's decision, which aligns with those from Standard & Poor's and Fitch, signals concerns over France's budget management and comes after President Macron named Bayrou as the latest Prime Minister, the country's fourth this year. The political turmoil ensued after a thwarted attempt by former Prime Minister Michel Barnier to pass a contentious budget plan. The current fiscal landscape depicts a challenging road ahead for France, especially with Moody's projecting weaker public finances over the next three years. The downgrade has already impacted financial markets, with a notable increase in the risk premium on French government bonds. (With inputs from agencies.)Children’s Minister Roderic O’Gorman said the party could not buck the trend in Ireland of junior coalition partners in Fine Gael and Fianna Fail governments losing support in subsequent elections. He said they expected to retain two to three seats out of the 12 they had won in the 2020 election on the back of a worldwide “Green wave”. “Undoubtedly it’s a disappointing result for our party today,” Mr O’Gorman told reporters in Ongar, Dublin. “It’s hard for a smaller party in government, that’s long been the tradition, the history in Ireland. We hoped going into the election to buck that but we haven’t been able to buck that today.” Mr O’Gorman, a candidate in Dublin West, is among the outgoing Green Party TDs in a battle to retain their seats. Culture Minister Catherine Martin, who is fighting to remain a Green Party TD for Dublin Rathdown, said it was a “very tight” race in her four-seat constituency. “We go in (to government) not afraid of that because the issue of the climate and biodiversity crisis is (greater) than our survival,” she said on RTE Radio. “I stand over and am proud of our track record of delivery.” Green candidate in Waterford Marc O Cathasaigh said he would not be “in the shake-up” to retain his seat in that constituency, while junior minister Ossian Smyth looks at risk of losing his seat in Dun Laoghaire. Junior minister Joe O’Brien is expected to lose his seat in Dublin Fingal, Neasa Hourigan is at risk in Dublin Central, while Wicklow’s Steven Matthews garnered just 4% of first preferences. Former Green Party leader Eamon Ryan, who announced his retirement from frontline politics in June, said his party had not had a good day. Arriving at the count centre at the RDS in Dublin, the outgoing environment minister told reporters: “If you don’t get elected you accept that, but you come back stronger and you learn lessons, and we’ve done that in the past and we will do that again.” He added: “No matter what the results today there will be a strong Green Party in Ireland, we have deep roots in the community and it’s a very distinct political philosophy and I think there is still space for that in Irish politics, for sure.” Mr Ryan said he did not believe his decision to retire, and the timing of his announcement, had affected the party’s showing. “Unfortunately – and this is just one of those days – we didn’t get the number of votes,” he said. He added: “We’ll look back and see what are the lessons, and what can we learn and what can we do differently. “It’s just one of those days when we didn’t have a good day.
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WASHINGTON — The House passed a $895 billion measure Wednesday that authorizes a 1% increase in defense spending this fiscal year and would give a double-digit pay raise to about half of the enlisted service members in the military. The bill is traditionally strongly bipartisan, but some Democratic lawmakers opposed the inclusion of a ban on transgender medical treatments for children of military members if such treatment could result in sterilization. The bill passed by a vote of 281-140 and next moves to the Senate, where lawmakers sought a bigger boost in defense spending than the current measure allows. Lawmakers are touting the bill's 14.5% pay raise for junior enlisted service members and a 4.5% increase for others as key to improving the quality of life for those serving in the U.S. military. Those serving as junior enlisted personnel are in pay grades that generally track with their first enlistment term. Lawmakers said service member pay failed to remain competitive with the private sector, forcing many military families to rely on food banks and government assistance programs to put food on the table. The bill also provides significant new resources for child care and housing. "No service member should have to live in squalid conditions and no military family should have to rely on food stamps to feed their children, but that's exactly what many of our service members are experiencing, especially the junior enlisted," said Rep. Mike Rogers, R-Ala., chairman of the House Armed Services Committee. "This bill goes a long way to fixing that." The bill sets key Pentagon policy that lawmakers will attempt to fund through a follow-up appropriations bill. The overall spending tracks the numbers established in a 2023 agreement that then-Speaker Kevin McCarthy, R-Calif., reached with President Joe Biden to increase the nation's borrowing authority and avoid a federal default in exchange for spending restraints. Many senators wanted to increase defense spending about $25 billion above what was called for in that agreement, but those efforts failed. Sen. Roger Wicker, R-Miss., who is expected to serve as the next chairman of the Senate Armed Services Committee, said the overall spending level was a "tremendous loss for our national defense," though he agreed with many provisions in the bill. "We need to make a generational investment to deter the Axis of Aggressors. I will not cease work with my congressional colleagues, the Trump administration, and others until we achieve it," Wicker said. Sen. Roger Wicker, R-Miss., speaks with reporters Nov. 21 on Capitol Hill in Washington. House Republicans don't want to go above the McCarthy-Biden agreement for defense spending and are looking to go way below it for many nondefense programs. They are also focused on cultural issues. The bill prohibits funding for teaching critical race theory in the military and prohibits TRICARE health plans from covering gender dysphoria treatment for children under 18 if that treatment could result in sterilization. Rep. Adam Smith of Washington state, the ranking Democratic member of the House Armed Services Committee, said minors dealing with gender dysphoria is a "very real problem." He said the treatments available, including puberty blockers and hormone therapy, proved effective at helping young people dealing with suicidal thoughts, anxiety and depression. "These treatments changed their lives and in many cases saved their lives," Smith said. "And in this bill, we decided we're going to bar service members' children from having access to that." Smith said the number of minors in service member families receiving transgender medical care extends into the thousands. He could have supported a study asking medical experts to determine whether such treatments are too often used, but a ban on health insurance coverage went too far. He said Speaker Mike Johnson's office insisted on the ban and said the provision "taints an otherwise excellent piece of legislation." Rep. Chip Roy, R-Texas, called the ban a step in the right direction, saying, "I think these questions need to be pulled out of the debate of defense, so we can get back to the business of defending the United States of America without having to deal with social engineering debates." Smith said he agrees with Roy that lawmakers should be focused on the military and not on cultural conflicts, "and yet, here it is in this bill." Rep. Hakeem Jeffries, the House Democratic leader, said his team did not tell Democrats how to vote on the bill. "There's a lot of positive things in the National Defense Authorization Act that were negotiated in a bipartisan way, and there are some troubling provisions in a few areas as well," Jeffries said. The defense policy bill also looks to strengthen deterrence against China. It calls for investing $15.6 billion to build military capabilities in the Indo-Pacific region. The Biden administration requested about $10 billion. On Israel, the bill, among other things, includes an expansion of U.S. joint military exercises with Israel and a prohibition on the Pentagon citing casualty data from Hamas. The defense policy bill is one of the final measures that lawmakers view as a must-pass before making way for a new Congress in January. Rising threats from debt collectors against members of the U.S. armed forces are undermining national security, according to data from the Consumer Financial Protection Bureau (CFPB), a federal watchdog that protects consumer rights. To manage the impact of financial stress on individual performance, the Defense Department dedicates precious resources to improving financial literacy, so service members know the dangers of notorious no-credit-check loans. “The financial well-being of service members and their families is one of the Department’s top priorities,” said Andrew Cohen, the director of financial readiness in the Office of the Deputy Assistant Secretary of Defense at the Pentagon. But debt collectors are gaining ground. Last quarter, debt collection complaints by U.S. military service members increased 24% , and attempts to collect on “debts not owed” surged 40%. Complaints by service members against debt collectors for deceptive practices ballooned from 1,360 in the fourth quarter of 2023 to 1,833 in the first quarter of 2024. “There’s a connection between the financial readiness and the readiness of a service member to perform their duty,” said Jim Rice, Assistant Director, Office of Servicemember Affairs at the Consumer Financial Protection Bureau. Laws exist to protect the mission readiness of U.S. troops from being compromised by threats and intimidation, but debt collectors appear to be violating them at an alarming pace. “If they’re threatening to call your commander or get your security clearance revoked, that’s illegal,” says Deborah Olvera, financial readiness manager at Wounded Warriors Project, and a military spouse who’s been harassed herself by a collection agency that tried to extort money from her for a debt she didn’t owe. But after she requested the name of the original creditor, she never heard from them again. “The financial well-being of service members and their families is one of the Department’s top priorities.” —Andrew Cohen, Director of Financial Readiness at the Pentagon Under the Fair Debt Collection Practices Act, it’s illegal for debt collectors to threaten to contact your boss or have you arrested because it violates your financial privacy. The FDCPA also prohibits debt collectors from making false, deceptive, or misleading representations in connection with the collection of a debt, even for borrowers with bad credit scores. But according to the data, debt collectors are increasingly ignoring those rules. “Debt collection continues to be one of the top consumer complaint categories,” said a spokesperson at the Federal Trade Commission. The commission released a report earlier this year revealing that consumers were scammed $10 billion in 2023, a new benchmark for fraud losses. In his book Debt: The First 5,000 Years, David Graeber argues that debt often creates a relationship that can feel more oppressive than systems of hierarchy, like slavery or caste systems because it starts by presuming equality between the debtor and the creditor. When the debtor falls into arrears, that equality is then destroyed. This sense of betrayal and the subsequent imbalance of power leads to widespread resentment toward lenders. Photo Credit: Olena Yakobchuk / Shutterstock The debt collector reportedly harassing military service members most was Resurgent Capital Services, a subsidiary of collection giant Sherman Financial Group. The company tacks on accrued interest and junk fees and tries to collect on debts purchased for pennies on the dollar from cable companies, hospitals, and credit card companies, among others. Sherman Financial Group is run by billionaire Benjamin Navarro, who has a reported net worth of $1.5 billion, according to Forbes. Sherman Financial also owns subprime lender Credit One Bank and LVNV Funding, which outsource collections to Resurgent Capital. According to CFPB data, the second worst offender is CL Holdings, the parent company of debt-buyer Jefferson Capital Systems. The company has also been named in numerous complaints to the Better Business Bureau for alleged violations of the FDCPA, such as failing to properly validate debts or update credit reports with accurate information. Under the leadership of CEO David Burton, Jefferson Capital Systems is a wholly-owned subsidiary of CompuCredit Corporation, which markets subprime credit cards under the names Aspire, Majestic, and others. The third most referenced debt collector is publicly traded Portfolio Recovery Associates [NASDAQ: PRAA], which was forced to pay $27 million in penalties for making false representations about debts, initiating lawsuits without proper documentation, and other violations. Portfolio Recovery Associates is run by CEO Vikram Atal. Fourth place for alleged worst offender goes to Encore Capital Group [NASDAQ ECPG], which was required to pay $42 million in consumer refunds and a $10 million penalty for violating the Fair Debt Collection Practices Act. Encore collects under its subsidiary Midland Credit Management Group. These debt collectors all operate under a veritable shell game of company and brand names, almost none of which are disclosed on their websites, sending consumers on a wild goose chase to try and figure out how they’re related to each other. But despite their attempts to hide their tracks behind a smoke screen of subsidiaries, a leopard can’t change its spots, and the CFPB complaint database makes it harder for them to try. Photo Credit: Bumble Dee / Shutterstock Although widely considered a consumer-friendly state, complaints spiked most in California, which saw a 188% increase in complaints filed from the fourth quarter of 2023 to the first quarter of 2024. California is home to 157,367 military personnel, making it the most populous state for active-duty service members. The second-largest increase in debt collection complaints was in Texas, which saw a 66% jump from the fourth quarter of 2023 to the first quarter of 2024. The U.S. Department of Defense reports 111,005 service members stationed in the Lone Star State, which is the third-most populous state for active-duty military. The rising trends do not correlate to the number of military personnel by state. Complaints against debt collectors in Virginia, the second most populous state with 126,145 active duty personnel, decreased by 29% in the same quarter-over-quarter period. And complaints filed quarter-over-quarter in North Carolina, the fifth most populous state with 91,077 military personnel, decreased by 3% in the same period. The third largest percentage increase in debt collection complaints was from service members stationed in Maryland, where alleged harassment reports jumped 112% from the fourth quarter of 2023 to the first quarter of 2024. Maryland ranks number 12 with just 28,059 active duty service members. Fourth place goes to Ohio – the 28th most populous active-duty state – where complaints doubled, followed by Arizona – the 15th most populous military state – where complaints were up 70% in the same quarter-over-quarter period. Photo Credit: PeopleImages.com - Yuri A / Shutterstock In 2007, Congress passed the Military Lending Act to cap the cost of credit to a 36% annual percentage rate, inclusive of junk fees and late charges, for active duty military service members. That rate is still considerably higher than average credit card rates, which range from 8% for borrowers with excellent credit scores to as high as 36% for borrowers with bad credit. But lenders still get hauled into court for violating the MLA. Don Hankey, the billionaire subprime auto lender who funded Donald Trump’s $175 million appeal bond , is among those violators. His company, Westlake Financial, which markets high-interest car loans for bad credit, has been sued twice by the Department of Justice for harassing military service members. In 2017, the DoJ alleged Hankey’s Westlake Financial illegally repossessed at least 70 vehicles owned by military service members. Westlake Financial paid $700,000 to settle the charges. In 2022, Westlake Financial paid $250,000 for allegedly cheating U.S. troops out of interest rates they were legally entitled to. Westlake Financial continues to receive complaints from military service members alleging abusive debt collection practices on its no-credit-check loans. A steady year-over-year increase in the number of complaints filed against Westlake Financial continued from 2020 to 2023. Consumer Financial Protection Bureau data shows a 13% increase in the number of complaints against the company from 2020 to 2021, a 28% increase from 2021 to 2022, and a torrential 119% surge from 2022 to 2023. The numbers suggest systemic complaint-handling processes and inadequate customer service resources. Photo Credit: Cynthia Shirk / Shutterstock On May 16, 2024, a deceptively named predatory lending industry front group dubbed the Community Financial Services Association of America (CFSA) lost a legal attempt to defund the Consumer Financial Protection Bureau. In an effort to deprive Americans of essential consumer protections, the lobby group argued that the Consumer Financial Protection Bureau’s funding structure was unconstitutional. But the Supreme Court denied its claim. In a 7-2 ruling, the Court held that the Consumer Financial Protection Bureau’s funding structure is indeed constitutional. That means the Consumer Financial Protection Bureau cannot be defunded, but it does not mean the agency cannot be defanged. The New York Times suggested that Hankey’s incentive to finance Trump’s $175 million bond could have been a reciprocity pledge to neuter the Consumer Financial Protection Bureau if Trump wins the upcoming U.S. presidential election. If Trump wins a second term, he could replace Consumer Financial Protection Bureau director Rohit Chopra, an American consumer advocate, with a predatory lending advocate. In 2020, the Trump Administration secured a Supreme Court ruling that made it easier for the president to fire the head of the Consumer Financial Protection Bureau. The ruling struck down previous restrictions on when a president can fire the bureau’s director. Like other federal agencies, the Consumer Financial Protection Bureau has also been confronted for overstepping its bounds, pushing too far, and acting unfairly against entities it regulates. Photo Credit: Lux Blue / Shutterstock Seasonality and rising interest rates do not explain the increase in debt collection complaints from service members. The surge in complaints is not tied to predictable seasonal fluctuations or changes in interest rates. The increase in debt collection complaints by service members may point to underlying systemic issues, such as aggressive and predatory debt collection practices that exploit the unique financial vulnerabilities of service members, who face frequent relocations and deployments. Debt Complaints by Service Members The 24% spike in debt collection complaints exhibits no correlation to fluctuations in interest rates. 30-Year Fixed Mortgage Rates Pandemic stimulus checks were also not a factor. COVID-19 relief benefit checks went through three major rounds during the pandemic. The final round of Economic Impact Payments went out in March 2021 . To better understand the rising trend of debt collection complaints, we calculated the increase in the total number of complaints and the percentage increase quarter-over-quarter. For example, New Jersey has the second largest percentage increase in complaints quarter-over-quarter, but the total number of complaints increased by just 16. The data for this study was sourced from the Consumer Financial Protection Bureau (CFPB) complaint database. The dataset specifically targeted complaints filed by U.S. military service members, identified using the tag “Servicemember” within Q4 2023 and Q1 2024. Readers can find the detailed research methodology underlying this news story in the accompanying section here . For complete results, see U.S. Troops Face Mounting Threats from Predatory Debt Collectors on BadCredit.org . Homelessness reached record levels in 2023, as rents and home prices continued to rise in most of the U.S. One group was particularly impacted: people who have served in the U.S. military. "This time last year, we knew the nation was facing a deadly public health crisis," Jeff Olivet, executive director of the U.S. Interagency Council on Homelessness, said in a statement about the 2023 numbers. He said the latest homelessness estimates from the Department of Housing and Urban Development "confirms the depth of the crisis." At least 35,000 veterans were experiencing homelessness in 2023, according to HUD. While that's about half of what it was in 2009—when the organization began collecting data—things have plateaued in recent years despite active efforts to get that number to zero. Although they make up just 6.6% of the total homeless population, veterans are more likely to be at risk of homelessness than Americans overall. Of every 10,000 Americans, 20 were experiencing homelessness. Of veterans living in the United States, that number jumps to 22, HUD data shows. Complicated by bureaucracy, family dynamics, and prejudice, the path from serving in the military to homelessness is a long one. According to a 2022 study by Yale School of Medicine researchers, homelessness typically occurs within four years of leaving the military, as veterans must contend with the harsh reality of finding a job in a world where employers struggle to see how skills on the battlefield transfer to a corporate environment. These days, veterans also deal with historically high rent and home prices, which causes many to rely on family generosity while figuring out a game plan. Stacker examined academic studies, analyzed government data, and spoke with members of the Biden administration, experts, and former members of the armed forces to see the struggles members of the military face when leaving the armed forces. The Department of Veterans Affairs offers transition assistance to the roughly 250,000 service members who leave each year. However, those programs can be burdensome and complex to navigate, especially for those who don't have a plan for post-military life. Only a small portion of veterans have jobs lined up when they leave, according to 2019 Pew Research. Many also choose to live with relatives until they get on their feet, which can be longer than anticipated. Some former service members are unsure what kind of career they'd like to pursue and may have to get further education or training, Carl Castro, director of the Military and Veteran Programs at the Suzanne Dworak-Peck School of Social Work at the University of Southern California, told Stacker. "It takes years for that kind of transition," Castro said. Many have trouble finding a job after leaving the service, even if they are qualified. Some employers carry misconceptions about those who have served. A 2020 analysis from the journal Human Resource Management Review found that some veterans face hiring discrimination due to negative stereotypes that lead hiring managers to write them off as a poor culture fit. Underemployment, or working low-wage jobs below their skill level, is also an issue. While the unemployment rate for veterans was 3% in March 2024, a study released by Penn State at the end of 2023 found three years after leaving the service, 61% of veterans said they were underemployed because of perceived skill mismatches . This phenomenon can have long-term economic effects, and eventually, that frustration can boil over, strain relationships, and potentially lead to housing instability. Working, especially a low-wage job, is not protection against homelessness. A 2021 study from the University of Chicago found half of people living in homeless shelters and 2 in 5 unsheltered people were employed, full or part-time. For veterans, housing costs certainly play a role, but those who leave the military also face systemic barriers. "It's worrying there are people that continue to fall through the cracks," said Jeanette Yih Harvie, a research associate at Syracuse University's D'Aniello Institute for Veterans and Military Families. Just under a quarter of adults experiencing homelessness have a severe mental illness , according to 2022 HUD survey data. They are also likely to have chronic illnesses but are unable to maintain preventative care, which only exacerbates these problems. Veterans facing homelessness are more likely to have experienced trauma , either before or after joining the military, according to Yale researchers who analyzed the 2019-2020 National Health and Resilience in Veterans Study. Childhood trauma was among the most significant commonalities among vets who become homeless. Substance use disorder is also widespread and can indicate an undiagnosed mental illness . Racial and ethnic disparities are at play, too. A 2023 study in the Journal of Psychiatric Research showed that Hispanic and Black veterans were more likely to screen positive for PTSD, and Hispanic veterans were more likely to report having suicidal ideation. Overall, access to mental health care has improved in the last decade or so. In December 2023, the VA announced it would open nine additional counseling centers. However, the stigma of getting help remains, especially after years of being conditioned to be self-reliant and pull oneself up by their bootstraps. That help, in the form of public policy, is slowly working to catch up to the need. In 2023, the Biden administration invested millions into research programs and studies on suicide prevention by the VA office in addition to a proposed $16 billion to improve quality and lower-cost mental health care services for veterans. And, in February of this year, HUD and the VA announced they would give up to $14 million in vouchers to public housing agencies for veterans experiencing homelessness. The program would also offer case management and other services. Still, with a culture that pushes people to keep going, it can be challenging for servicemembers to take advantage of these opportunities, Harvie said. "When you've been doing that for the last 15 or 20 years, it's difficult to stop and say, 'I'm the person that needs help.'" Story editing by Kelly Glass. Copy editing by Kristen Wegrzyn. Stay up-to-date on the latest in local and national government and political topics with our newsletter.Troy scores 21 points in less than 2 minutes in the fourth quarter to beat Southern Miss 52-20
MLB NOTESMax Verstappen Penalty Costs Him Qatar Pole Position After Post-Qualifying InvestigationIf you have an avid cook or food lover in your life, your gifting opportunities these days are vast and deep. There are authentic ingredients and creative concoctions in brick-and-mortar shops and online. The global pantry beckons. Plus, in many cases, the packaging is gorgeous. Many of these affordable luxuries can be tucked into a stocking, but they also make great presents for a co-worker, mail carrier, nephew or teacher. Two Chinese American friends took the flavors of their favorite childhood treats and transformed them into sweet spreads, ready to be slathered on toast, apples or just eaten with a spoon. Rooted Fare sells spreads (pictured above) like Crunchy Black Sesame Butter, Pineapple Cake Cashew Butter, and Chinese Almond Cookie Butter. $15 per jar Il Colle del Gusto makes some sweet and unusual nut-based spreads with an Italian twist: Coarse Hazelnut and Cocoa, Crunchy Peanut, and Sicilian Pistachio, all blended with olive oil. Swirl them into ice cream, slather them onto toast. Each jar under $10 Sesame lovers will be delighted with either an assortment of tahini products (pictured at left) such as Chocolate Sesame Sauce, or a tub of flaky, melt-in-your-mouth halva in flavors like cardamom and pistachio from Seed + Mill . Gift sets available for under $50 Chile crunch condiments have taken the cooking world by storm, and here are some highly giftable options. Fly By Jing makes a large assortment of Asian-inspired chile crunches, and has some attractively packaged gift sets for the holidays. $20 for a mini sampler set The aptly named Chile Crunch sells several varieties of the crunchy condiment, including hot, chipotle, mild and original. $13 per jar Somos Mexican chili crisp varieties explode with texture thanks to a whole lot of nuts and seeds. Scoop these spicy-crunchy sauces over everything from avocado toast to tacos — and try the sweeter one on ice cream! The gift set of two comes with a cute spoon. $35 for the gift set Chef Patricia Quintana has created a line of salsas, sauces, dressings and condiments that preserves the heritage of traditional Mexican cooking. Treat someone to a jar of Achiote sauce or Pineapple Habanero Salsa (and hope you get invited over for the ensuing meal). $15 to $20 per jar Ever heard of Secret Aardvark sauces? You might be tempted to spread the word. This Caribbean/Tex-Mex line (pictured) of condiments has a big following for what the company says is “flavor that kicks you in the mouth.” There are many choices, including Drunken Jerk Jamaican Marinade, and Aardvark Habanero Hot Sauce. $10 each, with combo packs starting at $20 Tinned fish also is having a blockbuster culinary moment (and in many cases the packaging is super fun). Fishwife cans ethically sourced fish, like salmon, anchovies and trout, from around the world, with some attractive gift boxes under $50. La Narval focuses on combinations of fish and sauce, such as mussels in Spanish sauce. Each tin is about $10. I can’t think of a food gift I’m happier to see than a high-quality bottle of oil or vinegar, two of the most-used ingredients in my kitchen. Bona Fortuna ’s selection of Sicilian olive oils is fresh and fragrant, and its aged balsamic vinegars are thick, sweet and rich. Consider the Invecchiato 7-Year Aged Balsamic Vinegar of Modena or Forte Extra Virgin Olive Oil. $10.95-$44.95 Metafora olive oil comes in a beautiful bottle and is a nice introduction to Portuguese olive oil. $40 Alvear makes lovely Andalusian sherry vinegars. For the salad makers and Spanish chefs in your life, think about gifting one each of the bottles, a sweet and a dry. $20 a bottle Sanders is known for decadent, chocolate-covered caramels, and this holiday season it has some limited-edition flavors (pictured above). Do you know someone who might like a bag of bourbon, maple or peppermint dark-chocolate sea-salt caramels? I do. $10 Perhaps you’ve seen the elegant Lady M layered crepe cakes? Well this holiday, try the more portable and giftable Holiday Crepe Biscuit Collection (pictured at right). Eight wedge-shaped boxes contain a delicate crepe biscuit with fillings such as vanilla, chocolate hazelnut and green tea. $28 André’s Confiserie Suisse makes handmade chocolate with deep rich flavor, a result of generations of Swiss chocolate-making expertise. Some unusual classics include the Nussbergerli Sticks, a mix of caramel, candied orange peel and nuts, covered in either dark or milk chocolate, as well as a lovely assortment of chocolate-covered almonds. $7 and up There are chocolate bars and then there are chocolate bars. At Chocopologie , it’s hard to decide among the creative confections (pictured below). Burnt Caramel Hawaiian Sea Salt? A S’Mores Bar that includes organic graham crackers and vegan marshmallows? $10 each The Drinks Bakery creates savory snacks with flavor profiles meant to match up perfectly with your favorite libations (pictured at right). Munch on a Lancashire Cheese and Spring Onion biscuit with a hoppy IPA or a sauvignon blanc. Serve the Parmesan, Toasted Pine Nut and Basil biscuits with a whiskey highball or champagne. $24 for a variety pack Tartuflanghe makes all sorts of luxury ingredients infused with white and black truffles (pictured at top). Elevate your cooking game with truffle-infused butters with flavors like porcini or anchovy. Or how about a little jar of black truffle pearls, which look like caviar and are the most elegant way to finish off a risotto or a deviled egg? $10-$40 Get local news delivered to your inbox!
Dog food recalled in 7 states for salmonella risk after puppy litter gets sick, FDA saysLAS VEGAS — Las Vegas Raiders football player Charles Snowden was arrested in Las Vegas on a misdemeanor driving under the influence charge and released from police custody with a court date set for April, authorities said Thursday. Snowden, a 26-year-old first-year defensive end, was arrested early Tuesday after Las Vegas police responded to a report of a “suspicious” vehicle near a busy intersection southwest of the Las Vegas Strip, according to court records and police reports. His attorneys, David Chesnoff and Richard Schonfeld, acknowledged the arrest but declined to describe the circumstances, and the Raiders said Thursday that the team was in contact with the NFL and local authorities about “the incident involving Charles Snowden.” “The club will not comment further as this is a legal matter,” the team statement said. “Mr. Snowden will be entering a not guilty plea and we will respond in court, which is the appropriate forum,” his attorneys said. Snowden is due to face a judge on April 15. Related Story: Potential Impact on Snowden’s Career It was not immediately clear if the arrest would affect Snowden’s status with the team. He has played every game this season, including in Sunday’s loss to the Tampa Bay Buccaneers in Florida. The Raiders next play Monday, hosting the Atlanta Falcons in Las Vegas. NFL spokesman Brian McCarthy confirmed league officials were in contact with the Raiders. League policy calls alcohol abuse “detrimental to the integrity of and public confidence” in the league and allows Commissioner Roger Goodell to impose a three-game suspension without pay for a first offense. Related Story: Raiders’ History of DUI Incidents The Raiders have had several players arrested on charges of driving under the influence since the team moved from Oakland to Las Vegas in 2020. The team and the community were scarred by the arrest and conviction of former first-round draft pick Henry Ruggs, a wide receiver, after a fiery high-speed crash that killed a woman and her dog on a city street in November 2021. Ruggs, now 25, was sentenced in 2023 to three to 10 years in state prison following his guilty plea to felony DUI and other charges. The Raiders released reserve defensive safety Roderic Teamer in November 2023 after his arrest in Las Vegas on misdemeanor driving under the influence and speeding charges. Records show Teamer pleaded no contest in July to reckless driving, paid $1,000 in fines and fees, and other charges against him were dismissed.
CHICAGO (WLS) -- The Chicago Automobile Trade Association (CATA), producer of the Chicago Auto Show, released the dates and plans for the 2025 event, which will be held Feb. 8-17 at McCormick Place. Showgoers can once again expect an engaging show with the latest new vehicles, outdoor ride-and-drives and indoor test tracks, including the return of Chicago Drives Electric, a one-stop-shop for electric vehicle ride-alongs and education, organizers said. "The Chicago Auto Show is a cherished winter tradition, and we can't wait to once again welcome attendees to experience the thrill of the latest technology and safety features of today's cars, trucks, and SUVs," Chicago Auto Show Chairwoman Kelly Webb Roberts said. "The vehicle offerings on the show floor are more diverse now than ever before. So, whether you're looking for a sporty sedan, full-sized family car, electrified vehicle, off-roading wheels, luxury ride or something in between, you will certainly find it at the show." The Chicago Drives Electric indoor EV test track will return, expanding from one track to two, providing attendees the opportunity to get inside the latest EVs to experience the power of electrified vehicles. In addition to the ride-alongs, consumers may visit the EV education hub to learn more about pressing EV topics including at-home charging, range anxiety, maintenance, and associated EV ownership costs. During the 2024 Chicago Auto Show , 71% of attendees who test drove or rode along in an EV at the show cited that their experience improved their opinion of owning an EV, and 53% of attendees who experienced an EV at the show said they were now more likely to purchase an electric vehicle, organizers said. "Based on the research, we learned that once people experience an EV, they feel more comfortable with the idea of owning one," Chicago Auto Show General Manager Jennifer Morand said. "We look forward to bringing this popular, educational and hands-on experience back indoors to the Chicago Auto Show. In 2025, attendees will encounter more brands and models added to two EV test tracks, allowing consumers to cross-shop and experience a wide range of EVs all in one location." The 2025 show is bringing back special themed days and events including: -Toyota Miles Per Hour Run on Sunday, Feb. 9: Runners can experience the auto show via a 2.4-mile loop inside McCormick Place before the event doors open to the public. - First Responders & Military Appreciation Day on Tuesday, Feb. 11: Present your badge or military ID for free entry. Guests that accompany first responders or military personnel on this day receive a voucher for $5 off adult admission. - Automotive Career Day on Wednesday, Feb. 12: Students of all ages are encouraged to come learn more about various careers within the automotive industry through a series of presentations and activations; special ticket price offered for advanced sales at $10 per ticket. - Chicago Auto Show Food Drive held Wednesday-Friday, Feb. 12-14: Bring three cans of food for A Safe Haven's Food Bank and get a $5 voucher off regular admission. - Chicago Friday Night Flights on Friday, Feb. 14: A one-of-a-kind indoor craft beer sampling event, along with full access to the show. New and exciting experiences at the 2025 show will include: - Overlanding Chicago is a space dedicated to overlanding and outdoor lifestyle. This new area on the show floor is expected to draw a unique crowd of show goers looking to explore a life outside the urban jungle with their vehicles. With a focus on the overlanding lifestyle, the space will feature manufacturer displays of specialty vehicles, upfitting vendors, off-road accessories, and much more. Plus, a dedicated space focusing on demonstrations, education, and specific product features. - Family Fun Zone is an exciting, dedicated area on the show floor designed for families and aimed at entertaining children aged 2-16. This safe and fun environment allows kids to enjoy themselves while being immersed in the auto show experience. - Exclusive VIP Tours of the show floor led in-person by the best and brightest in the automotive industry. Four specialty tours will be offered, allowing guests to find a tour that matches their preferred interests. The 60-minute tours will be focused on family vehicles, SUV and outdoor vehicles, electrified vehicles and auto enthusiasts. VIP tours will only be offered on Friday, Feb. 7, and will include an extended opportunity for an exclusive look at the show floor before it opens to the public. A limited number of tickets for the tours, each offered twice, will be available for pre-purchase at ChicagoAutoShow.com in the coming weeks. "The Chicago Auto Show is always designed with consumers at the heart of everything we do," Morand said. "From hands-on experiences to showcasing the most innovative advancements in the industry, the show is all about connecting people with the technology and vehicles that are shaping the future. This year's show is a testament to our commitment to delivering a dynamic and engaging experience for every attendee." The show's 2025 Media Preview will be held Feb. 6-7 and its black-tie charity gala, First Look for Charity, will be held the evening of Friday, Feb. 7 at McCormick Place. Since its inception, First Look for Charity has raised more than $63 million for local charities, positively impacting individuals in the Chicagoland community. Attendees can once again expect an evening of gourmet food, beverages, musical entertainment and even the chance to win a brand-new 2025 Chevrolet Equinox EV or a 2025 Hyundai Palisade, all while supporting those in need. Tickets and more information for First Look for Charity can be found at FirstLookforCharity.org . Tickets to the 2025 Chicago Auto Show are currently on sale at ChicagoAutoShow.com . The 2025 show runs Feb. 8-17 at McCormick Place and opens to the public daily at 10 a.m. Adult ticket prices are $17; seniors ages 62 and older are $12; children ages 4-12 are $12; kids 3 and younger are free. Show hours vary by day so please check the site for details. To purchase tickets or for more information, visit ChicagoAutoShow.com . First staged in 1901, the Chicago Auto Show is the nation's longest running auto exposition in North America. The show is produced by the Chicagoland's new-car dealer association, the Chicago Automobile Trade Association, which has staged the show since 1935. The 2025 public show is Feb. 8-17 at McCormick Place. For more information and the latest updates, visit ChicagoAutoShow.com . Founded in 1904 and located in Oakbrook Terrace, the Chicago Automobile Trade Association is comprised of more than 400 franchised new-car dealers and an additional 150 allied members. The group's dealer members employ about 19,000 people in the metropolitan area. The association has produced the world famous Chicago Auto Show since 1935. For more information, please visit www.CATA.info . The video in the player above features the 2024 auto show.LONDON (AP) — A woman who claimed mixed martial arts fighter Conor McGregor “brutally raped and battered” her in a Dublin hotel penthouse was awarded nearly 250,000 Euros ($257,000) on Friday by a civil court jury in Ireland. Nikita Hand said the Dec. 9, 2018, assault after a night of partying left her heavily bruised and suffering from post-traumatic stress disorder. McGregor testified that he never forced the woman to do anything against her will and said she fabricated the allegations after the two had consensual sex. His lawyer had called Hand a gold digger. The fighter, once the face of the Ultimate Fighting Championship but now past his prime, shook his head as the jury of eight women and four men returned the verdict after deliberating for about six hours in the High Court in Dublin. He was mobbed by cameras as he left court but did not comment. He later said on the social platform X that he would appeal the verdict and the “modest award.” Hand's voice cracked and her hands trembled as she read a statement outside the courthouse, saying she would never forget what happened to her but would now be able to move on with her life. She thanked her family, partner, friends, jurors, the judge and all the supporters that had reached out to her online, but particularly her daughter. “She has given me so much strength and courage over the last six years throughout this nightmare to keep on pushing forward for justice,” she said. “I want to show (her) and every other girl and boy that you can stand up for yourself if something happens to you, no matter who the person is, and justice will be served.” The Associated Press generally does not name alleged victims of sexual violence unless they come forward publicly, as Hand has done. Under Irish law, she did not have the anonymity she would have been granted in a criminal proceeding and was named publicly throughout the trial. Her lawyer told jurors that McGregor was angry about a fight he had lost in Las Vegas two months earlier and took it out on his client. “He’s not a man, he’s a coward,” attorney John Gordon said in his closing speech. “A devious coward and you should treat him for what he is.” Gordon said his client never pretended to be a saint and was only looking to have fun when she sent McGregor a message through Instagram after attending a Christmas party. He said Hand knew McGregor socially and that they had grown up in the same area. She said he picked her and a friend up in a car and shared cocaine with them, which McGregor admitted in court, on the way to the Beacon Hotel. Hand said she told McGregor she didn't want to have sex with him and that she was menstruating. She said she told him “no” as he started kissing her but he eventually pinned her to a bed and she couldn't move. McGregor put her in a chokehold and later told her, “now you know how I felt in the octagon where I tapped out three times,” referring to a UFC match when he had to admit defeat, she said. Hand had to take several breaks in emotional testimony over three days. She said McGregor threatened to kill her during the encounter and she feared she would never see her young daughter again. Eventually, he let go of her. “I remember saying I was sorry, as I felt that I did something wrong and I wanted to reassure him that I wouldn’t tell anyone so he wouldn’t hurt me again,” she testified. She said she then let him do what he wanted and he had sex with her. A paramedic who examined Hand the next day testified that she had never before seen someone with that intensity of bruising. A doctor told jurors Hand had multiple injuries. Hand said the trauma of the attack had left her unable to work as a hairdresser, she fell behind on her mortgage and had to move out of her house. Police investigated the woman’s complaint but prosecutors declined to bring charges, saying there was insufficient evidence and a conviction was unlikely. McGregor, in his post on X, said he was disappointed jurors didn't see all the evidence prosecutors had reviewed. He testified that the two had athletic and vigorous sex, but that it was not rough. He said “she never said ‘no’ or stopped” and testified that everything she said was a lie. “It is a full blown lie among many lies,” he said when asked about the chokehold allegation. “How anyone could believe that me, as a prideful person, would highlight my shortcomings.” McGregor’s lawyer told jurors they had to set aside their animus toward the fighter. “You may have an active dislike of him, some of you may even loathe him – there is no point pretending that the situation might be otherwise,” attorney Remy Farrell said. “I’m not asking you to invite him to Sunday brunch.” The defense said the woman never told investigators McGregor threatened her life. They also showed surveillance video in court that they said appeared to show the woman kiss McGregor’s arm and hug him after they left the hotel room. Farrell said she looked “happy, happy, happy.” McGregor said he was “beyond petrified” when first questioned by police and read them a prepared statement. On the advice of his lawyer, he refused to answer more than 100 follow-up questions. The jury ruled against Hand in a case she brought against one of McGregor’s friends, James Lawrence, whom she accused of having sex with her in the hotel without consent.
Costco Wholesale Corp. stock rises Wednesday, still underperforms marketIn a bid to capitalize on the holiday shopping season, Apple has released an AI-infused update for its iPhones. This latest software upgrade, iOS 18.2, promises users the ability to create personalized emojis in just seconds. Set to further Apple's foray into AI technology—following similar moves by rivals Samsung and Google—the update extends the firm's technological capabilities just months after debuting a significant overhaul in October. Besides emojis, the new software introduces 'Image Playground' for AI illustrations and advanced writing tools. Available only on iPhone models from 2023 onwards, the update is expected to drive an upgrade cycle and potentially increase Apple's profits, while privacy concerns are addressed by processing AI on the device or in secured data centers, with recourse to ChatGPT if needed. (With inputs from agencies.)
NoneTrump’s Pentagon pick faces Senate scrutiny over personal conduct
Mr Bayrou, 73, a crucial partner in Macron’s centrist alliance, has been a well-known figure in French politics for decades. His political experience is seen as key in efforts to restore stability as no single party holds a majority at the National Assembly. Mr Macron’s office said in a statement that Mr Bayrou “has been charged with forming a new government”. During the handover ceremony, Mr Bayrou said that “no one knows the difficulty of the situation better” than he does. “I’ve taken reckless risks all along my political life to raise the issue of debt and deficits in the most important elections,” he said. France is under pressure from the European Union’s executive body and financial markets to reduce its colossal debt, estimated to reach 6% of its gross domestic product this year. “I know that the risks of difficulties are much greater than the chances of success,” Mr Bayrou said, adding that he hopes to lead the country towards a “needed reconciliation”. “I think this is the only possible path to success,” he said. The new prime minister is expected to hold talks with political leaders from various parties in the coming days in order to choose new ministers. Former prime minister Michel Barnier resigned last week following a no-confidence vote prompted by budget disputes in the National Assembly, leaving France without a functioning government. Mr Macron in an address to the nation vowed to remain in office until his term ends in 2027. Mr Macron’s centrist alliance does not have a majority in parliament and Mr Bayrou’s Cabinet will need to rely on moderate lawmakers from the left and the right to be able to stay in power. Some conservatives are expected to be part of the new government. Mr Macron’s strategy aims at preventing far-right leader Marine Le Pen from holding “make or break” power over the government. Ms Le Pen helped oust Mr Barnier by joining her National Rally party’s forces to the left to pass the no-confidence motion last week. Mr Bayrou’s appointment is also in line with Mr Macron’s efforts to build a non-aggression pact with the Socialists so that they commit not to vote against the government in any future confidence motion. Mr Bayrou leads the centrist Democratic Movement, known as MoDem, which he founded in 2007. In 2017, he supported Mr Macron’s first presidential bid and became a weighty partner in the French president’s centrist alliance. At the time, he was appointed justice minister, but he quickly resigned from the government amid an investigation into the MoDem’s alleged embezzlement of European Parliament funds. Mr Bayrou this year was cleared in the case by a Paris court, which found eight other party officials guilty and sentenced the party to pay a fine. Mr Bayrou became well known to the French public when he was education minister from 1993 to 1997 in a conservative government. He was three times a candidate for president: in 2002, 2007 and 2012.