A Dec. 4 Facebook post ( , ) includes an aerial image that shows a mass of demonstrators in a city. "Today on the streets of South Korea as they marched the streets toward the presidential palace to demand the resignation of President Yoon Suk-yeol," the post's caption reads in part. The post was shared more than 100 times in a day. A similar was reposted more than 7,000 times before it was deleted. | | The image in the posts is from December 2016. It shows protesters rallying in Seoul against then-President Park Geun-hye. It does not show a protest against President Yoon Suk Yeol in December 2024. Protesters triggered by Yoon's surprise move to on Dec. 3 tried to march to the presidential palace in Seoul to demand his resignation but were stopped by South Korean police, according to on Dec. 4. Yoon, facing political backlash and widespread protests, reversed course on the martial law declaration and has since faced to resign or face impeachment. However, the image in the Facebook post does not show protesters rallying against Yoon in December 2024. eight years prior, on Dec. 3, 2016. It shows demonstrators occupying Seoul's city center to rally against Park, the president at the time, over a government-influence scandal involving her friend, according to the photo's caption on Getty Images. : The same photo was included in describing ongoing protests against Park. She was later convicted on corruption charges and served nearly five years in prison before returning home with a pardon in March 2022, . USA TODAY reached out to the Facebook user who shared the post for comment but did not immediately receive a response. debunked the claim. Getty Images, Dec. 3, 2016, Voice of America, Dec. 3, 2016, ABC News (Australia), Dec. 3, 2016,Fort Lauderdale, FL, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (“Algorhythm” or the “Company”) (NASDAQ: RIME), an AI-driven technology and consumer electronics holding company, announced today the closing of its previously announced public offering with gross proceeds to the Company of approximately $9.5 million, before deducting placement agent fees and other estimated expenses payable by the Company. The offering comprised of 55,882,352 shares of the Company’s common stock (or pre-funded warrants in lieu of shares of common stock). Each share of common stock or pre-funded warrant was sold with one Series A Warrant to purchase one share of common stock at an exercise price of $0.17 per share (the “Series A Warrants”) and one Series B Warrant to purchase one share of common stock at an exercise price of $0.34 per share (the “Series B Warrants” and, together with the Series A Warrants, the “Warrants”). The Warrants will become exercisable upon the approval of the Company’s stockholders of the issuance of the shares of common stock issuable upon exercise of the Warrants, and certain other provisions of the Warrants. The Series A Warrants will expire on the five-year anniversary of its initial exercise date and the Series B Warrants will expire on the two and one-half-year anniversary of its initial exercise date. The purchase price of each share of common stock and accompanying Warrants was $0.17, and the purchase price of each pre-funded warrant and accompanying Warrants was such price minus $0.01. The Company intends to use the net proceeds from this offering for working capital and other general corporate purposes, and for repayment of certain outstanding senior secured notes of the Company. Univest Securities, LLC is acting as sole placement agent for the offering. The securities described above are being offered by the Company pursuant to a registration statement on Form S-1 (File No. 333283178) (the “Registration Statement”) previously filed and declared effective by the Securities and Exchange Commission (the “SEC”). This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction. The offering is being made only by means of a prospectus which is a part of the Registration Statement. A final prospectus relating to the offering has been filed with the SEC and is available on the SEC’s website at www.sec.gov . Electronic copies of the final prospectus relating to this offering may be obtained, when available, by contacting Univest Securities, LLC at info@univest.us , or by calling +1 (212) 343-8888. About Algorhythm Holdings Algorhythm Holdings, Inc. is a holding company with two primary investments. First, the Company owns SemiCab Holdings, an emerging leader in the AI-enabled global logistics industry. Second, the Company owns The Singing Machine Company, the worldwide leader in the consumer karaoke industry. SemiCab is a cloud-based Collaborative Transportation Platform built to achieve the scalability required to predict and optimize millions of loads and hundreds of thousands of trucks. To orchestrate collaboration across manufacturers, retailers, distributors, and their carriers, SemiCab uses real-time data from API-based load tendering and pre-built integrations with TMS and ELD partners. To build fully loaded round trips, SemiCab uses AI/ML predictions and advanced predictive optimization models. On the SemiCab platform, shippers pay less and carriers make more while not having to change a thing. Since 2020, SemiCab has enabled major retailers, brands and transportation providers to address these common supply-chain problems globally. SemiCab's Orchestrated Collaboration TM AI model has proven to increase transportation capacity, improve asset utilization, reduce empty miles, lower logistics costs, and provide visibility into the entire transportation network. Models show the technology has the capability of saving shippers tens of billions of dollars annually through optimization. Further, SemiCab’s technology also has the potential to play a key role in the improved sustainability model globally. Based on its proven ability to improve truck utilization rates from 65% to over 90%, this results in a dramatic reduction in the carbon footprint of the industry. The optimization of existing truck utilization can add approximately 30% more trucking capacity without adding more trucks, drivers or driven miles which addresses common problems plaguing the industry like severe driver shortage and road congestion. Trucking optimization could also eliminate approximately 25% of CO2 emissions attributable to road freight. For additional information regarding SemiCab: http://www.semicab.com The Singing Machine Company, Inc. is the worldwide leader in consumer karaoke products. Based in Fort Lauderdale, Florida, and founded over forty years ago, the Company designs and distributes the industry's widest assortment of at-home and in-car karaoke entertainment products. Their portfolio is marketed under both proprietary brands and popular licenses, including Carpool Karaoke and Sesame Street. Singing Machine products incorporate the latest technology and provide access to over 100,000 songs for streaming through its mobile app and select WiFi-capable products and is also developing the world’s first globally available, fully integrated in-car karaoke system. The Company also has a new philanthropic initiative, CARE-eoke by Singing Machine , to focus on the social impact of karaoke for children and adults of all ages who would benefit from singing. Their products are sold in over 25,000 locations worldwide, including Amazon, Costco, Sam’s Club, Target, and Walmart. To learn more, go to www.singingmachine.com . Investor Relations Contact: investors@algoholdings.com www.algoholdings.com Forward Looking Statements This press release contains certain 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, which statements are subject to considerable risks and uncertainties. The Company intends such forward-looking statements to be covered by the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this press release, including statements about our beliefs and expectations, are "forward-looking statements" and should be evaluated as such. Forward-looking statements may be identified by words such as “anticipates,” “believes,” “estimates,” “expects,” “intends,” “may,” “plans,” “projects,” “seeks,” “should,” “suggest”, “will,” and similar expressions. Forward-looking statements in this press release include, without limitation, statements relating to the timing, size and expected gross proceeds of the Offering, the completion of the Offering, the satisfaction of customary closing conditions related to the Offering and sale of securities, the Company’s ability to complete the Offering, and the intended use of proceeds from the Offering. The Company has based these forward-looking statements on its current expectations and projections about future events. Forward-looking statements are subject to and involve risks, uncertainties, and assumptions that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements predicted, assumed or implied by such forward-looking statements, including, without limitation, risks, uncertainties and assumptions related to market conditions and the satisfaction of closing conditions related to the Offering, risks disclosed in the section titled “Risk Factors” included in the Registration Statement on Form S-1 initially filed with the SEC on November 12, 2024, and risks disclosed under item 1A. “Risk Factors” in the Company’s most recently filed Form 10-KT filed with the SEC and the Company’s Quarterly Reports on Form 10-Q. This press release speaks as of the date indicated above. The Company undertakes no obligation and expressly disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
ORLANDO, Fla. — UCF coach Gus Malzahn is resigning after four seasons with the school. ESPN’s Pete Thamel was the first to report the move, which will see Malzahn to leave to take the offensive coordinator job at Florida State. Malzahn previously worked with FSU coach Mike Norvell during their time at Tulsa under then-coach Todd Graham from 2007-08. The Knights ended a disappointing 4-8 season in which they lost eight of their last nine games, the longest losing streak since 2015. Malzahn, 59, was in the fourth year of a contract through 2028. His buyout, it is reported, would have been $13.75 million. He finished 27-25 at UCF but lost 16 of his last 22 games and was a dismal 4-14 in two seasons in the Big 12. After back-to-back nine-win seasons in 2021-22, the Knights went 6-7 in 2023 and 4-8 in 2024. This season started with high expectations as Malzahn made sweeping changes to the program. He retooled the strength and conditioning department and hired Ted Roof and Tim Harris Jr. as defensive and offensive coordinators, respectively. He also added nearly 50 new players to the roster, leaning heavily on the transfer market. UCF started by winning its first three games against New Hampshire, Sam Houston and a thrilling comeback at TCU, but offensive struggles saw the Knights tumble through a TBD-game losing streak to finish the season. Terry Mohajir hired Malzahn on Feb. 15, 2021, six days after he was hired to replace Danny White. The move came eight weeks after Malzahn had been fired at Auburn after eight seasons of coaching the Tigers. The two briefly worked together at Arkansas State in 2012 before Malzahn left for the Auburn job. “When he [Mohajir] offered the job, I was like, ‘I’m in.’ There wasn’t thinking about or talking about ...,” Malzahn said during his introductory press conference. “This will be one of the best programs in college football in a short time. This is a job that I plan on being here and building it.” UCF opened the 2021 season with non-conference wins over Boise State and Bethune-Cookman before traveling to Louisville on Sept. 17, where quarterback Dillon Gabriel suffered a fractured collarbone in the final minute of a 42-35 loss. Backup Mikey Keene would finish out the season as Gabriel announced his intention to transfer. The Knights would finish the season on the plus side by accepting a bid to join the Big 12 Conference in September and then by defeating Florida 29-17 in the Gasparilla Bowl. Malzahn struck transfer portal gold in the offseason when he signed former Ole Miss quarterback John Rhys Plumlee. Plumlee, a two-sport star with the Rebels, helped guide UCF to the American Athletic Conference Championship in its final season. However, Plumlee’s injury forced the Knights to go with Keene and freshman Thomas Castellanos. The team finished with losses to Tulane in the conference championship and Duke in the Military Bowl. Plumlee would return in 2023 as UCF transitioned to the Big 12 but would go down with a knee injury in the final minute of the Knights’ 18-16 win at Boise State on Sept. 9. He would miss the next four games as backup Timmy McClain took over the team. Even on his return, Plumlee couldn’t help UCF, on a five-game losing streak to open conference play. The Knights got their first Big 12 win at Cincinnati on Nov. 4 and upset No. 15 Oklahoma State the following week, but the team still needed a win over Houston in the regular-season finale to secure a bowl bid for the eighth straight season. From the moment Malzahn stepped on campus, he prioritized recruiting, particularly in Central Florida. “We’re going to recruit like our hair’s on fire,” Malzahn said at the time. “We’re going to go after the best players in America and we’re not backing down to anybody.” From 2007 to 2020, UCF signed 10 four-star high school and junior college prospects. Eight four-star prospects were in the three recruiting classes signed under Malzahn. The 2024 recruiting class earned a composite ranking of 39 from 247Sports, the highest-ranked class in school history. The 2025 recruiting class is ranked No. 41 and has commitments from three four-star prospects. Malzahn has always leaned on the transfer market, signing 60 players over the past three seasons. Some have paid huge dividends, such as Javon Baker, Lee Hunter, Kobe Hudson, Tylan Grable, Bula Schmidt, Amari Kight, Marcellus Marshall, Trent Whittemore, Gage King, Ethan Barr, Deshawn Pace and Plumlee. Others haven’t been as successful, such as quarterback KJ Jefferson, who started the first five games of this season before being benched for poor performance. Jefferson’s struggles forced the Knights to play musical chairs at quarterback, with true freshman EJ Colson, redshirt sophomore Jacurri Brown and redshirt freshman Dylan Rizk all seeing action at one point or another this season. This season’s struggles led to several players utilizing the NCAA’s redshirt rule after four games, including starting slot receiver Xavier Townsend and kicker Colton Boomer, who have also entered the transfer portal. Defensive end Kaven Call posted a letter to Malzahn on Twitter in which he accused the UCF coaching staff of recently kicking him off the team when he requested to be redshirted.Criminals ram shutter of liquor store in Jaipur with SUV
Donald Trump’s decision to appoint former US Senator David Perdue as ambassador to Beijing signals a pragmatic approach to US-China relations that’s likely to be welcomed by international investors. As a former CEO with a wealth of experience in Asia, Perdue brings a business-savvy perspective to the diplomatic arena at a time when US-China relations are increasingly influential in global markets. With tensions between the two economic superpowers at a peak, Perdue’s appointment could help steer diplomatic conversations toward more economically advantageous outcomes, benefiting global investors. The US-China economic relationship has been a central focus of international investment strategies, and Perdue’s experience gives him a unique insight into this critical area. As a former Fortune 500 chief executive and a US senator who has lived in Hong Kong and Singapore, Perdue possesses deep connections and an understanding of the commercial and political nuances of the Asian market. For investors, this connection could be seen as a positive development in terms of shaping a more stable and productive relationship between the US and China, offering new investment opportunities and strategies in Asia. What sets Perdue apart from other diplomatic appointments is his focus on business and economic negotiations. Unlike the more hard-line foreign policy approach seen in other senior appointments, such as Marco Rubio for Secretary of State and Mike Waltz for National Security Advisor, Perdue’s background as a corporate leader suggests a more economically focused strategy. This could be of particular interest to investors, as business-driven diplomacy offers more predictability and less volatility, especially when it comes to trade agreements and economic partnerships. For investors in sectors that are heavily intertwined with US-China trade, Perdue’s appointment offers potential stability. The former senator’s expertise could help facilitate trade negotiations, ensuring a more predictable environment for companies with business interests in China. His strategic leadership may be crucial in navigating the delicate trade relationships between the US and China, as businesses continue to seek clarity on tariffs, trade barriers, and the future of the global supply chain. While Trump’s administration has been marked by a strong stance against Chinese trade practices in the past, Perdue’s appointment could suggest a shift toward maintaining the US’s economic interests while continuing engagement with China. This approach is likely to lead to a more balanced negotiation strategy that offers benefits for both economies. For international investors, this means a reduction in geopolitical uncertainty and potential pathways for the US and China to work collaboratively rather than competitively. Perdue’s appointment also aligns with the growing trend of leveraging corporate experience in high-level diplomatic roles. As global trade expands, and cross-border economic relationships become more complex, traditional diplomacy may no longer be enough to address the needs of modern economies. His background in business provides him with the tools to engage China on an economic level that is less concerned with ideological divides and more focused on pragmatic solutions for trade and investment. The shift toward a more business-focused diplomatic approach is likely to be reassuring for investors who have faced a challenging environment in the wake of tariffs and trade restrictions. Perdue’s track record in navigating complex international markets suggests that he can foster stronger business ties, reduce the risk of sudden policy shifts and create a more conducive environment for investment. With China being the world’s second largest economy, strengthening ties with Washington will be crucial for sustaining global market growth. Moreover, Perdue’s deep understanding of the Chinese market and business culture offers investors a unique advantage. Companies and financial institutions that are actively engaged in Asia will benefit from having someone in a key diplomatic position who knows how to drive economic deals forward. Investors in sectors such as technology, finance, and manufacturing — industries that rely heavily on US-China relations — are likely to view this appointment as a positive development for long-term stability. While Perdue’s appointment represents a more pragmatic approach to US-China relations, it also highlights a broader trend of economic diplomacy that could shape future global investment strategies. As geopolitical tensions continue to rise, investors will look for signs that global economic relations are moving towards cooperative, rather than confrontational, solutions. Perdue’s appointment, therefore, offers hope that the US can maintain a productive working relationship with China, keeping markets stable and ensuring that international trade continues to flourish. For international investors, particularly those with exposure to the US and Chinese markets, Perdue’s appointment as ambassador to Beijing is seen as a potentially pivotal moment. By aligning economic and diplomatic interests, Perdue has the opportunity to shape US-China relations in ways that benefit investors and ensure continued growth in the global economy.Gonzaga lands Virginia transfer G Jalen Warley
( MENAFN - EIN Presswire) Semiconductor Dry Etch System Market The growing demand for progressive technologies is driving market demand. Likhil G Polaris Market Research and Consulting +1 929-297-9727 email us here Visit us on social media: Facebook X LinkedIn Legal Disclaimer: EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above. MENAFN26122024003118003196ID1109033665 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
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President-elect Donald Trump ‘s second term could provide for-profit prisons an economic and regulatory boon amid Trump’s plans to deport people living in the country illegally . Private Prisons: Corecivic Inc CXW and Geo Group Inc GEO are the two largest private prison operators in the United States. Geo Group owns 50 facilities and 64,502 beds across the U.S. concentrated in the South and Southwest. In 2023, CoreCivic operated 43 facilities with approximately 65,000 beds, according to company filings. The facilities include migrant detention centers and minimum-to-medium security prisons. Private prisons are a topic of debate given their for-profit nature and alleged human rights abuses. According to the University of Chicago Law School, labor conditions in private prisons are poor. The majority of prisoners are forced to work, often for wages under a dollar per hour, or face solitary confinement or loss of visitation rights. The report found that prisoners produce at least $2 billion annually in goods and over $9 billion in maintenance services. In August 2016, then-President Barack Obama announced a plan to reduce and eliminate the use of private prisons in the U.S. Following Trump’s inauguration for his first term in 2017, Attorney General Jeff Sessions rescinded Obama’s memorandum, saying the decision “impaired the Bureau’s ability to meet the future needs of the federal correctional system.” The stock prices of Geo and CoreCivic subsequently rallied over 30%. As of July 2024, there were 662,566 “noncitizens” with criminal histories on ICE's national docket, which includes those detained by ICE and on the agency's non-detained docket. Of those, 435,719 are convicted criminals and 226,847 have pending criminal charges. Trump’s Immigration Plan: Future immigration enforcement, an issue Trump made central to his 2016, 2020, and 2024 campaigns, would require detention centers, perhaps operated by Geo and CoreCivic. The ACLU found in 2023 that over 90% of migrants detained by ICE were held in privately owned facilities. In a CNN interview , Tom Homan , Trump’s incoming border czar, said the government needs a minimum of 100,000 beds to carry out Trump’s immigration plan. This represents a more than 100% increase over current capacity. He also elaborated on the extent to which Trump will carry out deportation. "I don't have a number. We want to arrest as many people as we can that are in the country illegally," Homan said. "If you're here illegally, you're not off the table. It's a violation of the law; it's a crime to enter this country illegally." The American Immigration Council, a pro-immigration advocacy group, says there were around 11 million people living in the U.S. illegally in 2022, roughly 3% of the country’s population. The council estimates that a deportation plan would cost at least $315 billion. Why it Matters: Geo Group and CoreCivic also appear to be preparing for the future demand for detention centers. On Dec. 16, Geo Group announced a $70 million capital expenditure plan to expand ICE service capabilities. In September, short-seller Andrew Left called Geo Group the “default play” for a Trump presidency given his positions on immigration enforcement. The market at large also seems convinced. Geo Group’s stock has risen over 86% since election day, while CoreCivic’s stock has risen over 58%. Also Read: El Erian Explains Why US Economy Is ‘Likely To Continue Outperforming Other Major Economies In 2025’ Photo via Shutterstock. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Tuesday’s contest features the Tulane Green Wave (4-2) and the Wyoming Cowboys (4-1) squaring off at Hard Rock Hotel Riviera Maya (on November 26) at 6:00 PM ET. This matchup, according to our computer prediction, will result in a 74-70 win for Tulane. According to our computer prediction, Tulane is projected to cover the point spread (2.5) versus Wyoming. The two sides are expected to go over the 143.5 over/under. Watch men’s college basketball, other live sports and more on Fubo. What is Fubo? Fubo is a streaming service that gives you access to your favorite live sports and shows on demand. Use our link to sign up for a free trial. Place your bets on any men’s college basketball matchup at BetMGM. Sign up today using our link. Tulane has put together a 3-2-0 record against the spread this season, while Wyoming is 2-2-0. One of the Green Wave’s games this season have gone over the point total, and three of the Cowboys’ games have gone over. The teams average 155.3 points per game, 11.8 more points than this matchup’s total. Bet on this or any men’s college basketball matchup at BetMGM. Rep your favorite players with officially licensed gear. Head to Fanatics to find jerseys, shirts, hats, and much more. Not all offers available in all states, please visit BetMGM for the latest promotions for your area. Must be 21+ to gamble, please wager responsibly. If you or someone you know has a gambling problem, contact 1-800-GAMBLER .