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DENVER , Dec. 18, 2024 /PRNewswire/ - The Board of Trustees (the "Board") of Principal Real Estate Income Fund (the "Fund"), announced today that it has approved a renewal of the Fund's share repurchase program. Under the share repurchase program, the Fund may purchase up to approximately 2.1% of its outstanding common shares beginning January 21, 2025 , in the open market, until January 21, 2026 . As part of its evaluation of options to enhance shareholder value, the Board has authorized ALPS Advisors, Inc. (the "Advisor") to repurchase the Fund's common shares at such times and in such amounts as the Advisor reasonably believes may enhance shareholder value. The Board and the Advisor continually analyze options to enhance shareholder value and potentially reduce the discount between the market price of the Fund's common share and the net asset value per share ("NAV"). The Board and the Advisor believe that the share repurchase program may further these goals because the program allows the Fund to acquire its shares in the open market at a discount to NAV, which will increase the NAV and thereby benefit remaining shareholders while potentially providing additional liquidity in the trading of the fund shares. The Board will monitor the repurchase program and will continue to consider strategic options to enhance shareholder value in the long-term. The Fund's repurchase program will be implemented on a discretionary basis under the direction of the Advisor. There is no assurance that the Fund will purchase shares at any specific discount level or in any specific amount or that the market price of the Fund's shares will increase as a result of any share repurchases. RISKS An investment in the Fund is not appropriate for all investors and is not intended to be a complete investment program. The Fund is designed as a long-term investment and not as a trading vehicle. Investing in the Fund involves risks, including the risk that you may receive little or no return on your investment or that you may lose part or even all of your investment and exposure to below-investment grade investments (i.e., "junk bonds"). The Fund's net asset value will vary and its distribution rate may vary and both may be affected by numerous factors, including changes in the market spread over a specified benchmark, market interest rates and performance of the broader equity markets. Fluctuations in net asset value may be magnified as a result of the Fund's use of leverage. Therefore, before investing you should carefully consider the risks that you assume when you invest in the Fund's common shares. Securities backed by commercial real estate assets are subject to market risks similar to those of direct ownership of commercial real estate assets including, but not limited to, declines in the value of real estate, declines in rental or occupancy rates and risks related to general and local economic conditions. The Fund's investment objectives and policies are not designed to seek to return the initial investment to investors that purchase shares. An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain an annual report or semi-annual report which contains this and other information visit www.principalcef.com or call 855.838.9485. Please read them carefully before investing . Shares of closed-end investment companies frequently trade at a discount from their net asset value and initial offering prices. NOT FDIC INSURED | May Lose Value | No Bank Guarantee The Fund is a closed-end fund and does not continuously issue shares for sale as open-end mutual funds do. Since the initial public offering, the Fund now trades in the secondary market. Investors wishing to buy or sell shares need to place orders through an intermediary or broker. The share price of a closed-end fund is based on the market's value. ALPS Advisors, Inc. is the investment adviser to the Fund. Principal Real Estate Investors LLC is the investment sub-adviser to the Fund. Principal Real Estate Investors LLC is not affiliated with ALPS Advisors, Inc. or any of its affiliates. ALPS Portfolio Solutions Distributor, Inc. is the FINRA Member firm. About SS&C Technologies SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut , and has offices around the world. Some 20,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale, and technology. Additional information about SS&C SSNC is available at www.ssctech.com . About SS&C ALPS Advisors SS&C ALPS Advisors, a wholly-owned subsidiary of SS&C Technologies, is a leading provider of investment products for advisors and institutions. With over $26.24 billion under management as of September 30, 2024 , SS&C ALPS Advisors is an open architecture boutique investment manager offering portfolio building blocks, active insight and an unwavering drive to guide clients to investment outcomes across sustainable income, thematic and alternative growth strategies. For more information, visit www.alpsfunds.com. About SS&C Technologies Principal Real Estate Investors manages or sub-advises $102 billion in commercial real estate assets, as of September 30, 2024 . The firm's real estate capabilities include both public and private equity and debt investment alternatives. Principal Real Estate Investors is the dedicated real estate group of Principal Global Investors, a diversified asset management organization and a member of the Principal Financial Group ® . PRE000436 12/18/2025 View original content: https://www.prnewswire.com/news-releases/principal-real-estate-income-fund-continues-share-repurchase-program-302335508.html SOURCE Principal Real Estate Income Fund © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Netflix movie becomes 'unexpected' Christmas classic: 'The best holiday film I have seen in years' According to Rotten Tomatoes, 2019's Klause is the best Christmas film It's been declared an 'unexpected' Christmas classic by fans READ MORE: How Netflix has thrilled fans with its raunchiest festive films to date By EMILY LEFROY FOR DAILYMAIL.COM Published: 22:14 GMT, 9 December 2024 | Updated: 22:39 GMT, 9 December 2024 e-mail 3 View comments There's no shortage of festive films as the holiday season approaches, but Christmas fans have already crowned their favorite. According to Rotten Tomatoes, which ranked Netflix 's festive films, the 2019 animated film Klause is a near-perfect film. Rated an impressive 95 per cent on its Tomatometer scoring system and 96 per cent on the Popcornmeter, the beautifully animated creation has been catapulted into 'classic' territory. Fans have declared the movie - which stars the voices of J.K. Simmons, Rashida Jones, and Norm McDonald - an 'unexpected' Christmas classic. 'Klaus might be one of the best and unexcepted holiday films that I have enjoyed in years,' one user commented on Rotten Tomatoes. 'This will satisfy the creepy and the jolly in your life with a beautiful story, strange visuals, hopeful moments, plenty of laughs and a few tears,' they finished. And plenty of others agreed with the assessment. 'Klaus is the surprise of this awards season,' one fan gushed. According to Rotten Tomatoes, who ranked Netflix 's festive films, the 2019 animated film Klause is a near-perfect film (Pictured is a still from Klause) 'An engaging revisionist tale, destined to become another Christmas classic,' agreed someone else. 'Klaus is destined to be a new holiday classic,' another declared. READ MORE: REVEALED: The top 10 most popular Christmas movies of all time - so did you favorite festive film make the cut? The animated film takes place in the fictional island village of Smeerensburg, sharing the 'origin' story of Santa. It told the story of a spoiled young postman called Jesper who strikes up an unlikely friendship with a local toymaker and recluse named Klaus before they team up to help bring joy to a town torn apart by a family feud. The film even outranked Christmas classic Love Actually, which was rated 21 out of 61. Netflix has become known for its variety of Christmas movies, including the popular Princess Switch tribology, and the 2024 addition, Hot Frosty. Following Klause with 91 per cent was 2020's Jingle Jangle: A Christmas Journey. In number three was Alien Christmas (2020), followed by Who Killed Santa? A Murderville Murder Mystery (2022) which starred Jason Bateman, Will Arnett and Maya Rudolph, and Feast of the Seven Fishes (2019). 'Klaus is destined to be a new holiday classic,' a fan declared. (Pictured is a still from Klause) The animated film takes place in the fictional island village of Smeerensburg, sharing the 'origin' story of Santa According to fans, the movie - which stars the voices of J.K. Simmons, Rashida Jones, and Norm McDonald, is an 'unexpected' Christmas classic Number six was Let It Snow (2019), followed by A Boy Called Christmas (2021), then Hot Frosty (2024) and rounding out the top 10 was A Castle for Christmas (2021) and A Castle for Christmas (2021). This season saw Netflix choosing to swap wholesome family cheer for sizzling passion this season, with a string of noticeably racier festive films being released in the lead up to Christmas. Viewers are already big fans of the daring choice, with several of movies already debuting to number one on Netflix, while setting social media ablaze. Last year, IMBD rounded up the best Christmas film of all time, with Home Alone (1990) coming out on top. It was followed by Love Actually (2003), National Lampoon's Christmas Vacation (1989), Elf (2003), and How The Grinch Stole Christmas (2000). Netflix Love Actually Share or comment on this article: Netflix movie becomes 'unexpected' Christmas classic: 'The best holiday film I have seen in years' e-mail Add comment
KHAN YOUNIS, Gaza Strip (AP) — Israeli airstrikes tore through a tent camp for displaced Palestinians in southern Gaza on Wednesday, sparking fires and killing at least 21 people, according to the head of a nearby hospital, in the latest assault on a sprawling tent city that Israel designated a humanitarian safe zone but has repeatedly targeted. The Israeli military said it struck senior Hamas militants “involved in terrorist activities” in the area, without providing additional details, and said it took precautions to minimize harm to civilians. The strike on the Muwasi tent camp was one of several deadly assaults across the Gaza Strip on Wednesday. An Israeli attack in central Gaza killed at least 10 more people, including four children, according to Palestinian medics. Israel’s devastating war in Gaza , launched after Hamas’ October 2023 attack, shows no signs of ending after nearly 14 months. Hamas is still holding dozens of Israeli hostages, and most of Gaza’s population has been displaced and is reliant on international food aid to survive. Israel is also pressing a major offensive in the isolated north, where experts say Palestinians might be experiencing famine . The Biden administration has pledged to make a new push for a Gaza ceasefire now that there's a truce in Lebanon between Israel and the militant group Hezbollah, ending more than a year of cross-border fighting. Meanwhile, President-elect Donald Trump demanded this week the release of hostages held by Hamas before he is sworn into office in January. Wednesday's strike in Muwasi — a desolate area with few public services that holds hundreds of thousands of displaced people — wounded at least 28 people, according to Atif al-Hout, the director of Nasser Hospital in the southern city of Khan Younis. An Associated Press journalist at the hospital counted at least 15 bodies, but said reaching a precise number was difficult because many of the dead were dismembered, some without heads or badly burned. In the morgue, an infant's blackened hand and face peeked out from beneath a heavy blanket used to transport bodies to the hospital. “It was like doomsday,” said a wounded woman, Iman Jumaa, who held back tears as she described how the strike killed her father, her brothers and her brothers' children. Videos and photos of the strike shared widely on social media showed flames and a column of black smoke rising into the night sky, as well as twisted metal tent frames and shredded fabric. Palestinian men searched through the still-burning wreckage, shouting, “Over here guys!” Further away, civilians stood at a distance, observing the destruction. The military said the strikes had set off secondary blasts, indicating explosives present in the area had detonated. It was not possible to independently confirm the Israeli claims, and the strikes could also have ignited fuel, cooking gas canisters or other materials in the camp. Shortly after the strike, Al-Awda Hospital said two people had been killed and 38 wounded in an attack on a residential block in the Nuseirat refugee camp. The military had no immediate comment on the strike, but said earlier strikes in central Gaza had hit “terrorist targets." Israel says it tries to avoid harming civilians and blames Hamas for their deaths, saying the militants often operate in residential areas and are known to position tunnels, rocket launchers and other infrastructure near homes, schools and mosques. Previous Israeli strikes on tent camps in Gaza have drawn widespread international outrage, such as when a wounded student’s last moments were caught on video as he burned to death in a tent outside a hospital. In northern Gaza, dozens of Palestinian families said Israel's expanding offensive had forcibly displaced them from schools-turned-shelters. Associated Press footage showed people on the road Wednesday leaving Beit Lahia, many crowded onto donkey carts with their belongings in their arms. Others walked on foot. “This morning a quadcopter (drone) detonated four bombs at the school. There were people injured, human remains — we left with nothing,” said Sadeia al-Rahel. The 57-year-old said her family has been eating grass, leaves, and animal feed for two months due to the lack of food aid in the north. The amount of aid entering Gaza plunged in October, and hunger is widespread across the territory, even in central Gaza where aid groups have more access. Humanitarian organizations say Israeli restrictions, ongoing fighting and the breakdown of law and order make it difficult to deliver assistance. Israel has said it is working to increase the flow of aid. Israel’s offensive has killed over 44,500 Palestinians in Gaza, mostly women and children, according to the Gaza Health Ministry, which does not say how many were combatants. The Israeli military says it has killed over 17,000 militants, without providing evidence. The Oct. 7, 2023 Hamas-led attack on southern Israel killed some 1,200 people, mostly civilians, and around 250 people were abducted. Some 100 hostages are still inside Gaza, at least a third of whom are believed to be dead. On Wednesday, Israel said its forces recovered the body of a hostage who was captured alive during the Oct. 7 attack. Israel believes Itay Svirsky was killed by his captors. The families of hostages held in Gaza have grown increasingly concerned that their loved ones are at risk so long as the war continues. Israel’s military released on Wednesday the findings of a probe into the circumstances behind the deaths of six hostages whose bodies were recovered in August, determining they were probably shot by their captors after a nearby Israeli strike in February. Shurafa reported from Deir al-Balah, Gaza Strip. Associated Press writer Tia Goldenberg in Jerusalem contributed to this report. Follow AP’s war coverage at https://apnews.com/hub/mideast-warsONEOK Inc. stock rises Friday, still underperforms marketDaily Post Nigeria Vinícius Jr ya lashe babbar kyauta a kwallon kafa bayan rashin nasara a Ballon d’Or Home News Politics Metro Entertainment Sport Hausa Vinícius Jr ya lashe babbar kyauta a kwallon kafa bayan rashin nasara a Ballon d’Or Published on December 28, 2024 By Kabeer Bello A ranar Juma’a, an gudanar da bikin bayar da kyaututtuka na Globe Soccer Awards na shekarar 2024, inda tauraron Real Madrid, Vinícius Jr, ya samu kyautar gwarzon ɗan wasa a ɓangaren maza. Wannan nasara ta nuna ƙwazonsa a bana, duk da rashin nasarar lashe kyautar Ballon d’Or. Bugu da ƙari, ɗan wasan Brazil ɗin ya lashe kyautar gwarzon ɗan wasan gaba, wani babban abin yabo da ke tabbatar da cewa zai kammala shekarar 2024 cikin cikakken nasara. A yayin bikin, wasu fitattun ‘yan wasan ƙwallon ƙafa sun samu yabo, ciki har da: Jude Bellingham, wanda ya samu kyaututtuka biyu—mafi kyawun ɗan wasan tsakiya da lambar yabo ta Maradona. Wannan ya ƙarfafa matsayin ɗan wasan a matsayin ɗaya daga cikin manyan ‘yan wasan duniya. Neymar Jr, wanda aka karrama saboda gudunmawar da yake bayarwa a harkar ƙwallon ƙafa ta duniya. Lamine Yamal, matashin ɗan wasan da ya samu kyautar gwarzon ɗan wasa mai tasowa. Wannan bikin ya sake nuna muhimmancin Globe Soccer Awards a matsayin babban taro na karrama jaruman ƙwallon ƙafa daga ko’ina x’cikin duniya. Related Topics: Carlos Vinicius Wasanni Don't Miss TCN zai yi gyare-gyare a Abuja You may like Saka ne dan wasa mafi shahara a gasar premier – Aina Gwarzon CAF: Har yanzu Osimhen bai taya Lukman murna ba ‘Ya da uwa sun zo na 1 da na 2 a gasar tsere Tsohon gwarzon Arsenal, Henry ya caccaki Guardiola Côte d’Ivoire za ta karbi bakuncin gasar U-20 Guardiola ya karaya da kungiyarsa ta Manchester City Advertise About Us Contact Us Privacy-Policy Terms Copyright © Daily Post Media Ltd
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Liverpool drew 3-3 on Tyneside (Owen Humphreys/PA) Fabian Schar snatched victory from Liverpool’s grasp as Newcastle held the Premier League leaders to a rip-roaring 3-3 draw at St James’ Park. Mohamed Salah looked to have rescued an eighth successive win in all competitions when his second-half double – both set up by substitute Trent Alexander-Arnold – put the visitors 3-2 ahead after Alexander Isak and Anthony Gordon had struck either side of Curtis Jones’ equaliser. However, Switzerland defender Schar squeezed home a 90th-minute equaliser to claim a deserved point at the end of a thrilling encounter which rekindled memories of the two 4-3 classics between the sides during the 1990s. We need your consent to load this Social Media content. We use a number of different Social Media outlets to manage extra content that can set cookies on your device and collect data about your activity. The tone was set early on when Caoimhin Kelleher had to palm away Sandro Tonali’s second-minute shot, and they needed skipper Virgil van Dijk’s intervention when he hacked away Isak’s cross inside the six-yard box with Bruno Guimaraes awaiting a tap-in after the striker had exchanged passes with Joelinton. The Reds responded in determined fashion, Alexis Mac Allister sending Nick Pope sprawling to palm away his low drive before clipping the outside of a post with a left-foot attempt after a corner had been half-cleared. Newcastle almost took the lead in spectacular style in the 22nd minute. Gordon muscled Salah off the ball, Isak picked out Jacob Murphy’s run with a fine pass and his shot flew past Kelleher and hit the base of the post. Guimaraes fired straight at the keeper after Isak had tricked his way deep into the box and crossed seconds later, and Lewis Hall was only denied a close-range shot at goal by Joe Gomez’s desperate challenge after Isak had nutmegged Van Dijk and threaded the needle. Alexander Isak scores the opening goal (Owen Humphreys/PA) The deadlock was broken 10 minutes before half-time when Guimaraes slid the ball into the Sweden international’s path and saw him step outside Van Dijk before blasting an unstoppable shot past Kelleher. It should have been 2-0 within three minutes when Gomez’s error gifted Gordon a free run at goal, only for the former Everton winger to stab the ball straight at a grateful Kelleher. Having finished the first half in the ascendancy, the hosts returned determined to maintain their momentum, but it was punctured within five minutes when Salah, who had endured a quiet evening until that point, found time and space on the right to cross for Jones to sweep home an equaliser. Cody Gakpo saw a 53rd-minute effort deflected just wide and Darwin Nunez just failed to get a touch on the Netherlands international’s header back across goal. Mohamed Salah thought he had scored a winner (Owen Humphreys/PA) Gomez threw himself into the path of Gordon’s shot after he had surged deep into enemy territory on the hour, but the Liverpool-born frontman was not to be denied and when Isak accepted Guimaraes’ pass and slid him in, he cut inside before firing across Kelleher to make it 2-1. Pope produced a fine reaction save to keep out Jones’ 65th-minute header, but he was beaten for a second time three minutes later when substitute Alexander-Arnold crossed for Salah to whip the ball inside the far post. Murphy lifted the ball over the advancing Kelleher but wide of the goal after running on to Gordon’s pass over the top, but Salah was denied by the upright after forcing his way in from the right with eight minutes to go. He thought he had won it seconds later when he span on Alexander Arnold’s cross and beat Pope for his 15th goal of the season, only for Schar to snatch a point when he slid in to convert Guimaraes’ free-kick from a tight angle.The Beautiful Infinity of Tetris
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Louisiana Reduces Film Tax Credits Instead of Killing Them: ‘A No-Brainer’French lawmakers on Wednesday voted to oust the government of Prime Minister Michel Barnier after just three months in office, a historic move which hurled the country further into political uncertainty. For the first time in over sixty years, the National Assembly lower house toppled the incumbent government, approving a no-confidence motion that had been proposed by the hard left but which crucially was backed by the far-right headed by Marine Le Pen. Barnier's rapid ejection from office comes after snap parliamentary elections this summer which resulted in a hung parliament with no party having an overall majority and the far-right holding the key to the government's survival. President Emmanuel Macron now has the difficult task of picking a viable successor with over two years of his presidential term left. He is to address the nation at 1900 GMT on Thursday, the Elysee said. Earlier in the day, Macron is to receive Barnier at 0900 GMT who will submit the resignation of the government. The National Assembly debated a motion brought by the hard left in a standoff over next year's austerity budget, after the prime minister on Monday forced through a social security financing bill without a vote. With the support of the far-right, a majority of 331 MPs in the 577-member chamber voted to oust the government. Macron flew back into Paris just ahead of the vote after wrapping up his three-day state visit to Saudi Arabia, an apparent world away from the domestic crisis. He strolled earlier Wednesday through the desert sands of the Al-Ula oasis, an iconic tourist project of the kingdom, marvelling at ancient landmarks. After landing, he headed direct to the Elysee Palace. "We are now calling on Macron to go," Mathilde Panot, the head of the parliamentary faction of the hard-left France Unbowed (LFI) party told reporters, urging "early presidential elections" to solve the deepening political crisis. But taking care not to crow over the fall of the government, Le Pen said in a television interview that her party -- once a new premier is appointed -- "would let them work" and help create a "budget that is acceptable for everyone". Laurent Wauquiez, the head of right-wing deputies in parliament, said the far-right and hard-left bore the responsibility for a no-confidence vote that would "plunge the country into instability". Macron on Tuesday had rejected calls to resign, saying such a scenario amounted to "political fiction". With markets nervous and France bracing for public-sector strikes against the threat of cutbacks, action that will shut schools and hit air and rail traffic, there is a growing sense of crisis. The unions have called for civil servants, including teachers and air traffic controllers, to strike on Thursday over separate cost-cutting measures proposed by their respective ministries this autumn. Meanwhile, Macron is due to host a major international event Saturday, with the reopening of the Notre-Dame cathedral after the 2019 fire, with guests including Donald Trump on his first foreign trip since he was elected to be the next US president. "His failure," was left-wing daily Liberation's front-page headline, with a picture of Macron, whose term runs until 2027. In an editorial, Le Monde said Le Pen's move risked upsetting her own supporters, such as retirees and business leaders, by toppling the government. "In the space of a few minutes, she shattered the strategy of normalisation she had consistently pursued," the daily said. Some observers have suggested that Le Pen, 56, is seeking to bring down Macron before his term ends by ousting Barnier. Le Pen is embroiled in a high-profile embezzlement trial. If found guilty in March, she could be blocked from participating in France's next presidential election. But if Macron stepped down soon, an election would have to be called within a month, potentially ahead of the verdict in her trial. Candidates for the post of premier are few, but loyalist Defence Minister Sebastien Lecornu and Macron's centrist ally Francois Bayrou are possible contenders. On the left, Macron could turn to former Socialist premier and interior minister Bernard Cazeneuve, a contender in September. Macron is minded to appoint the new premier rapidly, several sources told AFP. It was the first successful no-confidence vote since a defeat for Georges Pompidou's government in 1962, when Charles de Gaulle was president. The lifespan of Barnier's government is also the shortest of any administration since the Fifth Republic began in 1958. bur-jh-sjw/rlp
An Asian supermarket in Queens sold a winning Powerball ticket worth a staggering $256 million on Saturday — a revelation that led the store manager who peddled the golden ticket to say, “I have a lucky hand!” The new multimillionaire — who hit the lottery at Hua Lian Supermarket on Parsons Boulevard in Flushing, the New York Lottery said — still hasn’t come forward to claim the big haul. But Jenny Fang, the 40-year-old worker who sold the ticket, was incredulous that she’s the one who handed it over. “I’ve never sold a winning ticket that big,” she told The Post on Monday. “I have a lucky hand! It’s amazing ... it was a total surprise.” The win marks the first in the state since 2020. But even though word spread on WeChat — the messaging and social media app popular in China — the lucky buyer is still unknown. “I don’t know who bought the ticket. They haven’t come in to claim it,” Fang said. “Ninety percent of the people in this neighborhood are Asian, so an Asian person bought it, I think.” Whoever that is, they’re in for a pleasant surprise — they’ll pick between a life-changing $256 million in payments over 30 years or a lump sum of $123.5 million, before taxes. It’s good news for the supermarket, too — other gamblers are already flocking in, hoping for a taste of Hua Lian’s extraordinary luck. “I heard the news that they sold the winning ticket, so I looked up the address and came from the Bronx to buy a Powerball and Mega (Millions) ticket,” Ruben Vasquez, 73, said. Vasquez could use some luck, having purchased losing lotto tickets for years. Still, he grabbed two more Monday — a Powerball and a Mega Millions — but only after he rubbed a hanging, red-and-gold decoration with the Chinese character for “good fortune” printed on it. “You never know where your luck is going to be,” Vasquez said. “You just have to hope you find it one day. I want to find out if my luck is over here too.” “I’m hoping I can be one of the lucky ones. You never know.”NEW YORK (AP) — The huge rally for U.S. stocks lost momentum on Thursday as Wall Street counted down to a big jobs report that’s coming on Friday. The crypto market had more action, and bitcoin briefly burst to a record above $103,000 before pulling back. The S&P 500 slipped 0.2% from the all-time high it had set the day before, its 56th of the year so far, to shave a bit off what’s set to be one of its best years of the millennium . The Dow Jones Industrial Average fell 248 points, or 0.6%, while the Nasdaq composite slipped 0.2% from its own record set the day before. Bitcoin powered above $100,000 for the first time the night before, after President-elect Donald Trump chose Paul Atkins, who's seen as a crypto advocate, as his nominee to head the Securities and Exchange Commission. The cryptocurrency has climbed dramatically from less than $70,000 on Election Day, but it fell back as Thursday progressed toward $99,000, according to CoinDesk. Sharp swings for bitcoin are nothing new, and they took stocks of companies enmeshed in the crypto world on a similar ride. After rising as much as 9% in early trading, MicroStrategy, a company that’s been raising cash just to buy bitcoin, swung to a loss of 4.8%. Crypto exchange Coinbase Global fell 3.1% after likewise erasing a big early gain. Elsewhere on Wall Street, stocks of airlines helped lead the way following the latest bumps up to financial forecasts from carriers. American Airlines Group soared 16.8% after saying it’s making more in revenue during the last three months of 2024 than it expected, and it will likely make a bigger profit than it had earlier forecast. The airline also chose Citi to be its exclusive partner for credit cards that give miles in its loyalty program. That should help its cash coming in from co-branded credit card and other partners grow by about 10% annually. Southwest Airlines climbed 2% after saying it’s seeing stronger demand from leisure travelers than it expected. It also raised its forecast for revenue for the holiday traveling season. On the losing end of Wall Street was Synposys, which tumbled 12.4%. The supplier for the semiconductor industry reported better profit for the latest quarter than analysts expected, but it also warned of “continued macro uncertainties” and gave a forecast for revenue in the current quarter that fell short of some analysts’ estimates. American Eagle Outfitters fell even more, 14.3%, after the retailer said it’s preparing for “potential choppiness” outside of peak selling periods. It was reminiscent of a warning from Foot Locker earlier in the week and raised more concerns about how resilient U.S. shoppers can remain. Solid spending by U.S. consumers has been one of the main reasons the U.S. economy has avoided a recession that earlier seemed inevitable after the Federal Reserve hiked interest rates to crush inflation. But shoppers are now contending with still-high prices and a slowing job market . This week’s highlight for Wall Street will be Friday’s jobs report from the U.S. government, which will show how many people employers hired and fired last month. A report on Thursday said the number of U.S. workers applying for unemployment benefits rose last week but remains at historically healthy levels. Expectations are high that the Fed will cut its main interest rate again when it meets in two weeks. The Fed began easing its main interest rate from a two-decade high in September, hoping to offer more support for the job market. In the bond market, the yield on the 10-year Treasury edged down to 4.17% from 4.18% late Wednesday. The S&P 500 fell 11.38 points to 6,075.11. The Dow sank 248.33 to 44,765.71, and the Nasdaq composite lost 34.86 to 19,700.26. In stock markets abroad, indexes were mostly calm in Europe after far-right and left-wing lawmakers in France joined together to vote on a no-confidence motion that will force Prime Minister Michel Barnier and his Cabinet to resign. The CAC 40 index in Paris added 0.4%. In South Korea, the Kospi fell 0.9% to compound its 1.4% decline from the day before. President Yoon Suk Yeol was facing possible impeachment after he suddenly declared martial law on Tuesday night. He revoked the martial law declaration six hours later. Crude oil prices slipped after eight members of the OPEC+ alliance of oil exporting countries decided to put off increasing oil production. AP Business Writers Yuri Kageyama and Matt Ott contributed.
WASHINGTON , Dec. 5, 2024 /PRNewswire/ -- Shield AI, the defense technology company building autonomy for the world, has announced it is expanding its work with Palantir Technologies Inc. (NASDAQ: PLTR), a leading provider of AI systems, to develop and deliver large-scale command and control of autonomous uncrewed systems, including operations in GPS- and communications-denied environments. With Warp Speed, Palantir's manufacturing OS for American re-industrialization, Shield AI is doubling down on its commitment to delivering scalable, AI-powered solutions to protect service members and civilians. By leveraging Shield AI's advanced Hivemind software development kit, along with Palantir's suite of powerful software solutions—including enterprise resource planning, geospatial intelligence, and operational decision-making tools—the partnership combines the strengths of both companies to address the most critical defense challenges. "Shield AI and Palantir have both built technology products proven in the most demanding environments," said Brandon Tseng , Shield AI's President, Co-founder, and former Navy SEAL. "Our partnership is about bringing together Palantir's software dominance and Shield AI's expertise in autonomy to deliver the best possible outcomes for customers. It's exciting to scale up what we've been working on together in this next chapter of our partnership." This announcement builds on work Shield AI and Palantir showcased at the Association of the U.S. Army's (AUSA) Annual Meeting and Expo in October, where the companies demonstrated the integration of Shield AI's Hivemind with Palantir's Gaia. This integration created a unified command-and-control system for autonomous systems. Hivemind's proven autonomy capabilities—demonstrated on platforms like the V-BAT , F-16, MQM-178 Firejet, and Nova quadcopter—now seamlessly integrate with Gaia's geospatial intelligence tools, enabling real-time mission execution and precision targeting. "The American Industrial Base needs Warp Speed," said Shyam Sankar , Palantir's Chief Technology Officer and Executive Vice President. "Shield AI stands out in their field, having achieved mission impact and product results where others have struggled. This partnership, and Shield AI's deploying of our newly announced manufacturing OS will enable faster and better delivery to customers, and ultimately aid in the defense of the West." About Palantir Technologies Inc. Foundational software of tomorrow. Delivered today. Additional information is available at https://www.palantir.com . Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements may relate to, but are not limited to, Palantir's expectations regarding the amount and the terms of the contract and the expected benefits of our software platforms. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Forward-looking statements are based on information available at the time those statements are made and were based on current expectations as well as the beliefs and assumptions of management as of that time with respect to future events. These statements are subject to risks and uncertainties, many of which involve factors or circumstances that are beyond our control. These risks and uncertainties include our ability to meet the unique needs of our customer; the failure of our platforms to satisfy our customer or perform as desired; the frequency or severity of any software and implementation errors; our platforms' reliability; and our customer's ability to modify or terminate the contract. Additional information regarding these and other risks and uncertainties is included in the filings we make with the Securities and Exchange Commission from time to time. Except as required by law, we do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise. Media Contact Lisa Gordon, media@palantir.com About Shield AI Founded in 2015, Shield AI is a venture-backed defense technology company whose mission is to protect service members and civilians with intelligent systems. In pursuit of this mission, Shield AI is building the world's best AI pilot. Its AI pilot, Hivemind, has flown jets (F-16; MQM-178 Firejet), a vertical takeoff and landing drone (MQ-35 V-BAT), and three quadcopters (Nova, Nova 2, iPRD). The company has offices in San Diego , Dallas , Washington DC and abroad. Shield AI's products and people are currently in the field actively supporting operations with the U.S. Department of Defense and U.S. allies. For more information, visit www.shield.ai. Follow Shield AI on LinkedIn, X and Instagram. Media Contact Lily Hinz , media@shield.ai View original content to download multimedia: https://www.prnewswire.com/news-releases/shield-ai-and-palantir-technologies-deepen-strategic-partnership-and-announce-deployment-of-warp-speed-302324396.html SOURCE Shield AIThe 49ers' playoff hopes are still teetering even after get-right game against the Bears
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