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2025-01-23
A Macy’s employee hid $132 million to $154 million in company expenses over nearly three years, the company announced Monday. The secret fraud forced the company to delay its full third quarter earnings report , which was scheduled for Tuesday. Macy’s claimed the operation was the work of a single employee responsible for small package delivery expense accounting. That employee is no longer with the company . “At Macy’s, Inc., we promote a culture of ethical conduct,” CEO Tony Spring said in a press release. “While we work diligently to complete the investigation as soon as practicable and ensure this matter is handled appropriately, our colleagues across the company are focused on serving our customers and executing our strategy for a successful holiday season.” According to a company-funded investigation, the expense hiding began in the fourth financial quarter of 2021 and continued until Macy’s fiscal quarter that ended Nov. 2. During that time period, Macy’s announced $4.36 billion in delivery expenses. The fraudulent accounting did not affect daily business, according to the company. In a preliminary report Monday, Macy’s said net sales fell 2.4% to $4.74 billion. The company’s financials have been closely watched since a hostile takeover bid earlier this year from two hedge funds , Arkhouse and Brigade Capital. Macy’s ended the buyout talks in July, rejecting a $6.6 billion offer from the firms. That offer valued Macy’s stock at $24 per share. After Monday’s announcement, Macy’s stock was trading at $15.89 per share. When the takeover bid was rejected, it was above $16 per share. Macy’s said it would present a full third quarter earnings report on Dec. 11. In Monday’s preliminary report, the company said sales at flagship Macy’s stores were down 3%, while sales at Bloomingdale’s rose 1%. The company also owns Bluemercury cosmetics , which reported a 3.3% increase in sales. With News Wire Servicesflorida sport betting



SAM HOUSTON ST. (3-3) Huefner 1-6 2-2 5, Sakho 1-3 1-3 3, Boykin 4-13 3-4 11, Finister 4-7 1-2 10, Wilkerson 9-23 3-3 22, Hammons 0-1 0-0 0, Scroggins 4-5 0-0 8, Burns 1-3 0-0 2, Ford 1-3 0-0 2. Totals 25-64 10-14 63.

Scores of people were killed on Sunday when a passenger jet crash-landed at an airport in southwestern South Korea , with the aircraft careening down the runway on its belly before bursting into flames. Just two of the 181 people on board the plane survived, after the deaths of 179 people were confirmed, according to the local fire department. The two crew members were pulled alive from the crash site. It is the deadliest aviation disaster to hit South Korea since 1997, when a Korean Airlines Boeing 747 crashed in the Guam jungle, with the loss of 228 lives. What happened? Jeju Air flight 7C 2216 from Bangkok was carrying 175 passengers and six crew when disaster struck at the airport in Muan county, on the country's southwestern tip, just after 9am local time (1pm NZT) Sunday. Footage of Sunday's crash broadcast by multiple South Korean news outlets showed the plane sliding on its belly at high speed, hitting an earthen embankment and erupting in a fireball. Neither the back nor front landing gear was visible in the footage - broadcast by networks including YTN , JTBC and MBC - as smoke poured from the back of the sliding aircraft. Firefighters were later seen using water cannons to extinguish the blazing wreckage of the aircraft, which was listed as a Boeing 737-800 on flight-tracking site FlightAware. Several parts of the aircraft were also seen strewn across the runway. The victims include 84 males, 85 females, and 10 people whose gender could not be determined, according to the South Jeolla Fire Service. Both of the survivors were crew members, one male and one female, according to the rescue team. Two Thai nationals were among those on board, according to the South Korean Land Ministry. All the other passengers were South Korean. What caused the accident? Experts told CNN that the plane's undercarriage - specifically, the wheels used for takeoff and landing - appeared not to have fully deployed before landing. But what caused this failure to deploy is still unclear. Aviation analysts said more evidence is needed before South Korean authorities can definitively pinpoint what might have caused Sunday's crash, including speculation from local officials about a possible bird strike prior to the crash landing. The comments came after Lee Jeong-hyun, the head of the Muan Fire Department, briefed the media that the cause was "estimated to be the occurrence of a bird strike or bad weather." Footage of the crash showed clear skies at the time. David Soucie, former Federal Aviation Administration safety inspector, said that "speculation is the worst enemy of an investigator." "In fact, that's why it's so protected when there is an aircraft accident investigation, the information is protected. They're not supposed to be making any speculation about this type of thing," Soucie told CNN 's Paula Newton. Aviation industry consultant Scott Hamilton echoed Soucie's concerns and urged South Korean authorities to "stop making declarative statements" at this stage. Sunday's crash is "very perplexing" given that both the aircraft and carrier have a strong safety record and flying conditions were excellent, an aviation journalist said. The Boeing 737-800 is one of the most widely used aircraft in the world and each one is used for about four or five flights per day, Geoffrey Thomas, editor of Airline News, told CNN 's Paula Newton. "It is the most reliable aircraft in the world, and it's been in service for 20 years," he said. "Everybody knows how it works. And it works really, really well. And the maintenance done in (South) Korea is as good as it gets around the world." "It's a little bit unclear whether or not the undercarriage collapsed on landing or whether the undercarriage was not deployed at all. This is a really serious issue that obviously investigators will be very much focused on," Thomas added. He added "it is perplexing" that the crash happened, given it was landing under dry and sunny conditions at a good airport. Jeju Air's chief executive said the aircraft had shown "no signs of issues" prior to Sunday's accident. "At this time, it is difficult to determine the cause of the accident, and we have to wait for the official announcement of the investigation by the relevant government agency," Kim Yi-bae said during a press briefing at the airport. Where is the investigation focused? Officers from the national Incident Investigation Committee had arrived to look into what caused the accident. The National Transportation Safety Board (NTSB) is leading a team of US investigators, including from Boeing and the Federal Aviation Administration (FAA), to assist South Korean authorities with their investigation of the crash. The NTSB said any information about the investigation would be released by South Korea's Aviation and Railway Accident Investigation Board (ARAIB). According to a briefing from South Korea's Land Ministry, the control tower had instructed the pilot to change course to land in the opposite direction, to avoid the potential bird strike. The pilot followed the instructions. Approximately one minute later, the pilot made a mayday call to the tower. The landing attempt occurred approximately two minutes after the mayday call, according to the ministry. Authorities are continuing their investigation. The "black box" flight data recorder and the voice recording device have been recovered by the accident investigation committee, officials from the ministry said. The flight data recorders or so-called "black boxes" offer aviation safety investigators critical facts when piecing together an incident. More than 700 personnel from the police, military, and coast guard have been mobilized for on-site response efforts, the ministry added. What are the authorities saying? South Korea's acting president said the site of Sunday's plane crash has been declared a special disaster zone as he vowed a full investigation into what caused the deadly disaster. "We will concentrate all resources on recovery and support for the victims. All necessary resources are being mobilized, and a special disaster zone has been declared," Choi Sang-mok said in a statement. Choi, who travelled to the crash site on Sunday, extended his "heartfelt condolences to the bereaved families" and pledged to make every effort to manage the aftermath of the incident and prevent similar accidents in future. The tragedy comes only two days into Choi's acting presidency, the latest chapter in a time of political chaos in South Korea. The country's current president, Yoon Suk Yeol, was stripped of his powers by parliament two weeks ago following a short-lived martial law order that plunged the country into political disarray. He is currently suspended while a top court decides his fate. Han Duck-soo, the man who stepped in to replace Yoon as acting president, was impeached by parliament on Friday, meaning Choi - the finance minister and deputy prime minister - stepped in for him. What has the plane's maker said? Boeing extended its condolences to those who lost loved ones in the crash. "We are in contact with Jeju Air regarding Flight 2216 and stand ready to support them," Boeing said in a short statement posted to its X account. "We extend our deepest condolences to the families who lost loved ones and our thoughts remain with the passengers and crew," the company added. The US aviation giant has had a turbulent time in recent years, including two 737 Max crashes, a tragedy for which the company agreed to plead guilty to deceiving the Federal Aviation Administration during the certification process for the plane. However, analysts have described the Boeing 737-800 - an earlier and different model to the Max - as a reliable workhorse of the skies with an extremely strong safety record. What the families have said The scene inside Muan International Airport Sunday afternoon was one of heartbreak and anguish as relatives and loved ones waited for news. Many of those gathered burst into tears or cried out as authorities read victims' names out loud, video footage from Reuters showed. Several relatives could be seen yelling at officials, demanding more information. "I'm going crazy," one man could be heard shouting in the video. People were also seen hugging each other and wiping their tears. A father of one of the Thai victims, Boonchuay Duangmanee, told the Associated Press he "never thought that this would be the last time we would see each other forever." His daughter, Jongluk, had been working in a factory in South Korea for several years, he told the AP. She had been back in Thailand visiting family before departing on the flight from Bangkok to Muan International Airport. "I heard that the plane exploded in Korea this morning. But I did not expect at all that my daughter would be on this flight," he said. Another man who lost his daughter told Reuters he had not heard from her before the crash. "She was almost home so she didn't feel the need to make a call," 71-year-old Jeon Je-Young said of his daughter Jeon Mi-Sook. "She thought she was coming home. I figure in those last moments when she did try to reach out, the damage had already been done and the plane had probably crashed," he said. - CNNChina advances foreign trade with higher-quality products exported and more imports from LDCs

South Jersey woman victim of AI-generated porn | Investigation( MENAFN - PR Newswire) BEIJING, Dec. 12, 2024 /PRNewswire/ -- The closely watched Central Economic Work conference was held in Beijing from Wednesday to Thursday as Chinese leaders decided priorities for the economic work in 2025. Xi Jinping, general secretary of the Communist Party of China Central Committee, Chinese president and chairman of the Central Military Commission, delivered an important speech at the annual conference. According to the meeting, despite the "complex and severe situation of growing external pressures and increasing internal difficulties," China has ensured the overall stability and steady progress of the economy, and the major goals and tasks for economic and social development in 2024 are expected to be accomplished. It stressed that China must adopt more proactive macro policies, expand domestic demand, and promote the integrated development of scientific and technological innovation and industrial innovation to do a good job in economic work in 2025. Efforts must also be made to secure the steady development of the real estate and stock markets, guard against and defuse risks and external shocks in key areas, and stabilize expectations and stimulate vitality so as to promote sustained economic recovery, said the meeting. From fiscal policy to monetary policy According to the meeting, China will also adopt a "more proactive" fiscal policy, including an increase in the ratio of deficit and in the issuance of ultra-long special treasury bonds and local government special-purpose bonds. China's government debt-to-GDP ratio, according to the Ministry of Finance, stood at 67.5 percent at the end of 2023, much lower than the average 118.2 percent among G20 members and 123.4 percent for G7 countries estimated by the International Monetary Fund (IMF). China's fiscal deficit has long been below 3 percent, significantly lower than other major economies. With a low government leverage ratio, China's central budget has room for increased borrowing and deficit expansion, Minister of Finance Lan Fo'an said in October. The Central Economic Work Conference said China will adopt a "moderately loose" monetary policy and lower the reserve requirement ratio and interest rates when necessary to ensure adequate liquidity. It marks the first "prudent" to "moderately loose" transition in the country's monetary stance since 2011. Since the beginning of 2024, the People's Bank of China, the central bank, has cut the reserve requirement ratio twice, by 1 percentage point in total, for financial institutions, releasing approximately 2 trillion yuan (about $274.8 billion) in long-term liquidity. From domestic demand to opening up The Central Economic Work Conference listed priorities for economic work in 2025 in nine aspects, from stimulating consumption and developing new quality productive forces to preventing and addressing risks in key areas, consolidating poverty alleviation achievements and boosting green development. The meeting stressed the need to vigorously boost consumption, improve investment efficiency and expand domestic demand on all fronts. China remains one of the largest markets in the world. From January to October this year, China's total retail sales of consumer goods approached 40 trillion yuan, while last year's total exceeded 47 trillion yuan, according to the National Bureau of Statistics. A national program aimed at promoting consumer goods trade-ins, unveiled in March, has demonstrated the untapped room of China's domestic demand. Over 30 million participants have been attracted to the program, contributing total sales of over 400 billion yuan. The two-day meeting also called for more efforts to further promote high-level opening up and secure the steady growth of foreign trade and foreign investment. "China's development is open and inclusive," said Xi while meeting leaders of major international economic organizations, including the IMF, in Beijing on Tuesday, one day before the start of the annual conference. China will put in place new systems for a higher-standard open economy, provide more opportunities for the development of other countries and share more development benefits with the world, Xi told the leaders at the Great Hall of the People. Starting December 1, China has granted zero-tariff treatment for 100 percent of tariff lines to all least developed countries with which it has diplomatic relations. That will help more products from these countries enter the Chinese market, sharing opportunities and boosting development, said Lyu Daliang, an official from China's General Administration of Customs. For more information, please click: SOURCE CGTN MENAFN12122024003732001241ID1108988690 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.Chris Logan out as UND soccer coach

Conners, Tate lead Appalachian State over Sam Houston 66-63

To lure Juan Soto, Mets created a video of his statue outside Citi Field next to Tom Seaver'sWest Ham surprise Newcastle with 2-0 away winNone

(ZENIT News / Rome, 12.12.2024).- In the wake of Pope Francis’ creation of 21 new cardinals, a groundbreaking digital platform has been launched, offering unprecedented access to detailed profiles of the Catholic Church’s cardinalate. This innovative project, « Collegio Cardinalizio: Una Rassegna » (The College of Cardinals: A Review), sets a new standard for understanding the individuals shaping the Church’s future, especially as the next conclave approaches. A Modern Lens on an Ancient Institution Developed by an international team of Catholic journalists and researchers led by Vatican expert Edward Pentin and executive director Diane Montagna, the site serves as a comprehensive database for exploring the Sacred College of Cardinals. Supported by Sophia Institute Press and Cardinalis Magazine, this project bridges historical precedent and modern technology to offer a uniquely interactive user experience. The platform provides visitors with a wealth of information, from biographical sketches to analyses of cardinals’ leadership styles in the core roles of sanctifying, governing, and teaching. Users can filter data by geography, age, and ecclesiastical roles, navigate interactive maps, and propose updates to cardinal profiles, making this a living and collaborative resource. Insights into Potential Papal Candidates A particular highlight is the in-depth profiling of 40 prominent cardinals, including those widely regarded as “papabili”—potential successors to Saint Peter. Key figures include: Emerging figures also feature prominently, such as: Notably, African leadership is spotlighted through Cardinal Fridolin Ambongo Besungu of Kinshasa, reflecting the Church’s growing focus on the continent. Reviving a Historical Practice While “Collegio Cardinalizio: Una Rassegna” is pioneering in its digital format, its intent echoes historical traditions. Pentin and Montagna noted that centuries ago, detailed biographies of cardinals were meticulously compiled by scribes and shared among diplomatic circles. Today’s platform aims to replicate this depth of knowledge, albeit on a global and accessible scale. Addressing an Emerging Need The initiative responds to the evolving dynamics within the Sacred College under Pope Francis. Many newly appointed cardinals hail from “peripheral” regions and are less familiar to their peers. With fewer regular consistories and limited opportunities for in-person meetings, the cardinals often lack comprehensive insights into each other’s backgrounds and perspectives. This tool seeks to fill that gap, particularly as the conclave nears. “In an age of information and globalization, it’s paradoxical how little the cardinals know about one another,” observed Montagna. “This resource not only enhances transparency but fosters connection among the Church’s highest leaders.” A Vision for the Future As the project evolves, the platform plans to expand its profiles, integrate multilingual options, and continue refining its database to meet the needs of clergy, media professionals, and laypeople alike. Pentin emphasized the enduring value of the project: “While we avoid speculation about papal elections, our aim is to offer a reliable resource that enables informed perspectives. By fostering familiarity among the cardinalate, we hope this platform supports the Church’s leadership in navigating its critical challenges ahead.” Thank you for reading our content. If you would like to receive ZENIT’s daily e-mail news, you can subscribe for free through this link .North Dakota regulators OK underground storage for proposed Midwest carbon dioxide pipelinePercentages: FG .455, FT .733. 3-Point Goals: 10-22, .455 (Muhammad 5-7, Dent 2-3, McPherson 1-3, Sotirov 1-3, Jones 1-6). Team Rebounds: 3. Team Turnovers: None. Blocked Shots: 4 (Jones 3, Mott). Turnovers: 13 (Jones 4, McPherson 2, Muhammad 2, Munden 2, Sotirov 2, Dent). Steals: 3 (Dent, McPherson, Sotirov). Technical Fouls: None. Percentages: FG .390, FT .795. 3-Point Goals: 6-21, .286 (Wright 3-4, Co.Schwieger 2-4, Shaw 1-2, Ellis 0-1, De La Cruz Monegro 0-2, Sepp 0-2, DeAveiro 0-3, McNair 0-3). Team Rebounds: 2. Team Turnovers: None. Blocked Shots: 3 (Co.Schwieger 2, De La Cruz Monegro). Turnovers: 4 (Sepp 2, De La Cruz Monegro, Schmidt). Steals: 5 (Co.Schwieger, De La Cruz Monegro, McNair, Schmidt, Wright). Technical Fouls: None. .

Moment of silence for former President Jimmy Carter held before the Falcons-Commanders game

Government to block incinerators that do not contribute to green plans

JPMorgan Chase & Co. lowered its position in shares of iShares MSCI EAFE Growth ETF ( BATS:EFG – Free Report ) by 3.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,930,547 shares of the company’s stock after selling 232,254 shares during the quarter. JPMorgan Chase & Co. owned 5.04% of iShares MSCI EAFE Growth ETF worth $638,423,000 as of its most recent filing with the SEC. Several other hedge funds also recently made changes to their positions in EFG. Envestnet Asset Management Inc. raised its holdings in iShares MSCI EAFE Growth ETF by 57.4% during the second quarter. Envestnet Asset Management Inc. now owns 26,597,234 shares of the company’s stock worth $2,720,897,000 after purchasing an additional 9,697,657 shares in the last quarter. LPL Financial LLC raised its stake in shares of iShares MSCI EAFE Growth ETF by 49.5% during the 2nd quarter. LPL Financial LLC now owns 6,599,521 shares of the company’s stock worth $675,131,000 after buying an additional 2,184,037 shares in the last quarter. Jane Street Group LLC raised its stake in shares of iShares MSCI EAFE Growth ETF by 18,989.0% during the 3rd quarter. Jane Street Group LLC now owns 835,333 shares of the company’s stock worth $89,924,000 after buying an additional 830,957 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of iShares MSCI EAFE Growth ETF in the 2nd quarter valued at approximately $66,343,000. Finally, Cetera Investment Advisers boosted its stake in shares of iShares MSCI EAFE Growth ETF by 46.2% in the second quarter. Cetera Investment Advisers now owns 1,548,002 shares of the company’s stock valued at $158,361,000 after buying an additional 489,230 shares in the last quarter. iShares MSCI EAFE Growth ETF Stock Performance BATS:EFG opened at $98.07 on Friday. iShares MSCI EAFE Growth ETF has a 1 year low of $67.58 and a 1 year high of $85.81. The stock has a fifty day moving average price of $100.79 and a two-hundred day moving average price of $102.85. The stock has a market capitalization of $11.53 billion, a price-to-earnings ratio of 24.36 and a beta of 0.97. iShares MSCI EAFE Growth ETF Profile iShares MSCI EAFE Growth ETF (the Fund), formerly iShares MSCI EAFE Growth Index Fund, is an exchange-traded fund (ETF). The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI EAFE Growth Index (the Index). The Index is a subset of the MSCI EAFE Index and constituents of the Index include securities from Europe, Australasia (Australia and Asia), and the Far East. Read More Want to see what other hedge funds are holding EFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MSCI EAFE Growth ETF ( BATS:EFG – Free Report ). Receive News & Ratings for iShares MSCI EAFE Growth ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares MSCI EAFE Growth ETF and related companies with MarketBeat.com's FREE daily email newsletter .Mike Tyson makes 'depressed' confession after banking millions from Jake Paul fightNorth Dakota regulators OK underground storage for proposed Midwest carbon dioxide pipeline

Boys photos: Gill St. Bernard’s vs. Moorestown Friends, Non-Public B final, Nov. 21, 2024Babylon Bee CEO Seth Dillon told Fox News that creating satirical content is becoming more difficult in a world where true news stories read like parody. The conservative satire outlet the Babylon Bee is calling out X’s rival platform Bluesky for repeatedly censoring its posts and arbitrarily labeling them "intolerance." Babylon Bee editor-in-chief Kyle Mann told Fox News Digital that Bluesky’s decision to censor their content is a "chilling reminder" of what the social media landscape would look like if Elon Musk had not bought Twitter. The Babylon Bee was suspended from Twitter in 2022 for posting a satirical article calling Adm. Rachel Levine, a Biden administration Cabinet member and a transgender woman, the "man of the year." Twitter flagged the post as violating its rules regarding "hateful conduct" and suspended the Babylon Bee’s account until they deleted their tweet, which the outlet refused to do. The Babylon Bee’s account remained suspended by Twitter until Musk reinstated it after he gained control . JOE ROGAN ASKS TO TAKE RACHEL MADDOW'S JOB IF ELON MUSK BUYS MSNBC SpaceX and Tesla founder Elon Musk speaks during an America PAC town hall on Oct. 26, 2024, in Lancaster, Pennsylvania. (Samuel Corum/Getty Images) Now, two years later, the Babylon Bee is facing a similar dilemma on Bluesky, which was created by Twitter’s co-founder Jack Dorsey and is widely seen as a direct competitor to X. Bluesky has a similar layout to X but operates on an "authenticated transfer protocol" that creators say allows users more control over what content they access than platforms that operate on a single algorithm. Bluesky’s website states that "our online experience doesn’t have to depend on billionaires unilaterally making decisions over what we see" and "on an open social network like Bluesky, you can shape your experience for yourself." The platform has seen a significant increase in users in the last several weeks , with 8 million people, many of whom are former X users, joining since Election Day. There are currently 22 million users on Bluesky, which is still considerably lower than X’s user base of over 500 million. ‘PATHETIC’: TOP 10 MEDIA MELTDOWNS FOLLOWING TRUMP'S ELECTION WIN, FROM ON-AIR TEARS TO CLAIMS OF ‘MISOGYNY’ This illustration photograph taken on Nov. 12, 2024, shows the logo of social media platform Bluesky displayed on a mobile telephone and tablet, in Paris. (Ian Langsdon/AFP via Getty Images) The Babylon Bee made its first post on Bluesky on Nov. 18. It posted the same Rachel Levine article that had gotten them suspended in 2022. The post was quickly flagged and hidden by Bluesky’s moderation service, which labeled it "intolerance." Users can still see the post by clicking past the intolerance label. The satire site’s creators have now tried reposting the article four times, with each attempt having a similar result. According to Bluesky’s community guidelines, the platform bans "gender identity-based harassment" and anything "promoting hate or extremist conduct that targets people or groups based on their race, gender, religion, ethnicity, nationality, disability, or sexual orientation." Rachel Levine "Summer of Pride" (Screenshot: HHS/Instagram) Mann, however, said that "it's ironic that the platform championing tolerance and freedom from Musk's influence is itself so intolerant of differing views." CLICK HERE TO GET THE FOX NEWS APP He explained that the outlet "thought it was only fitting to debut the Bee's account on Bluesky with the article that famously got us banned from Twitter" and that the result highlights the need for Musk’s prioritization of free speech on X. "Bluesky's censorship policies are eerily reminiscent of the status quo on Twitter before Elon Musk took over," he said. "It's chilling to think about what freedom of speech might look like right now in the United States if Musk hadn't stepped up and freed us from the Twitter tyrants." Peter Pinedo is a politics writer for Fox News Digital.World Mourns The Passing of Humanitarian Icon Jimmy Carter

NoneHafnia Limited, a leading product tanker company with a diversified and modern fleet of over 130 vessels, today announced results for the three and nine months ended September 30, 2024. 1 Based on weighted average number of shares as at 30 September 2024 2 Excluding a one-off item amounting to USD 7.4 million in Q3 2023 3 See Non-IFRS Measures section below 4 NAV is calculated using the fair value of Hafnia’s owned vessels. Mikael Skov, CEO of Hafnia, commented: After a strong second quarter, the product tanker market softened seasonally in the third quarter, due to refinery maintenance, lower refinery margins, and increased cannibalization from the crude sector. Despite these challenges, Hafnia has continued to perform well, delivering solid earnings. I am pleased to announce that we achieved a net profit of USD 215.6 million in Q3, bringing our year-to-date net profit to USD 694.4 million – the best nine-month performance in our company’s history. Our adjacent fee-generating business segments have also performed strongly, contributing USD 7.8 million to our overall results. At the end of the third quarter, our net asset value (NAV)1 reached approximately USD 4.6 billion, reflecting the increased market value of our vessels and strong operating cashflows, which equates to an NAV per share of about USD 9.07 (NOK 95.24). Our net Loan-to-Value (LTV) ratio decreased to 19.1% at the end of the quarter. This allowed us to reach a new milestone in our dividend policy, and we are pleased to announce a dividend payout ratio of 90% for the quarter. For the quarter, we will distribute USD 194.1 million or USD 0.3790 per share in dividends. On October 1, 2024, we successfully completed the redomiciliation of Hafnia Limited from Bermuda to Singapore. As Hafnia Limited is a Singapore tax resident post-redomiciliation, no Singapore withholding taxes will be imposed on dividend distributions to all shareholders. There is, therefore, no change in the dividend treatment resulting from the redomiciliation. Hafnia’s Board has authorized management to initiate a share buyback program of up to USD 100 million, from December 2, 2024, to January 27, 2025, subject to market conditions. Authorization will be reviewed on a quarterly basis. We will disclose the structure of the program and details of any buyback as it occurs. The amount utilized for this buyback program will be deducted before declaring dividends for Q4 2024. This ensures the combined total of dividends and share buybacks aligns to our payout ratio under our dividend policy, reflecting our dedication to shareholder value while also ensuring strategic flexibility. While market conditions softened slightly due to competition from the crude sector, Q3 trade volumes and earnings remained above last year’s levels, driven by strong global oil demand and increased tonne-miles from refinery dislocations. Looking ahead, seasonal strengthening in the crude sector, coupled with the technical challenges of transporting products on crude carriers, is expected to reduce this cannibalization. Additionally, seasonal demand increases and geopolitical tensions will further support product demand and tonne-miles. As of November 18, 2024, 71% of the Q4 earning days are covered at an average of USD 24,004 per day, and 9% is covered at USD 24,089 per day for 2025. We continue to enhance our technological capabilities and are optimistic about our strategic investment in Complexio Foundational AI to advance data automation. Complexio’s ‘bottom-up’ approach first ingests companies’ unstructured and structured data and then, via its multi-modal framework – currently leveraging eight Large Language Models (LLMs) – maps this data into a comprehensive landscape. With ongoing advancements in prediction and reasoning, this detailed understanding enables the automation of recurring processes such as chartering, ship clearance, finance management, and contract negotiation. These continuous R&D improvements, combined with expanding partnerships with industry leaders like Marfin, CTM, Sogemm, BW Epic Kosan, and Alassia Newships, reinforce Hafnia’s position at the forefront of technological innovation. NAV is calculated using the fair value of Hafnia’s owned vessels. At the end of the quarter, Hafnia’s fleet consisted of 115 owned vessels1 and 15 chartered-in vessels. The Group’s total fleet includes 10 LR2s, 34 LR1s (including three bareboat-chartered in and four time-chartered in), 62 MRs of which nine are IMO II (including two bareboat chartered in and 11 time-chartered in), and 24 Handy vessels of which 18 are IMO II (including seven bareboat-chartered in). The average estimated broker value of the owned fleet1 was USD 4,914 million, of which the LR2 vessels had a broker value of USD 649 million2, the LR1 fleet had a broker value of USD 1,288 million2, the MR fleet had a broker value of USD 2,059 million3 and the Handy vessels had a broker value of USD 918 million4. The unencumbered vessels had a broker value of USD 475 million5. The chartered-in fleet had a right-of-use asset book value of USD 19.5 million with a corresponding lease liability of USD 22.3 million. In the third quarter of 2024, the Clean Petroleum Products (CPP) trade remained robust, despite a 6% drop in tonne-miles since Q2. High cargo volumes and tonne-miles remain at historical average highs, primarily driven by geopolitical tensions. These tensions have led to more vessels rerouting away from the Suez Canal toward the Cape of Good Hope. Global oil demand also remained firm in the third quarter, driven by growth in advanced economies. According to the International Energy Agency (IEA), global oil demand increased by 1.1 million barrels per day in the third quarter, driven by global gasoil deliveries, despite a contraction in overall Chinese demand. Furthermore, global oil demand for 2024 remains firm at an average of 102.8 million barrels per day, an increase of 0.9 million barrels from 2023. Despite steady demand, product tanker rates were under pressure in the last part of Q3, mainly due to increased competition from the crude sector. With a seasonally weak crude market, some crude tankers – despite high conversion costs – shifted to carrying refined products. During the quarter, Suezmax and VLCC tankers transported more diesel shipments from the Middle East to Europe, a trade typically handled by LR2s. As winter approaches, both crude and product markets are expected to strengthen seasonally. Technical challenges and reduced commercial incentives for using crude carriers to carry refined products limit cannibalization, as shown in recent daily loading data, and this drives forward tightness in supply versus demand for the clean products segments. For the first time in history, the product markets will experience a full winter period where seasonal increases in Atlantic demand, partly serviced by the Eastern hemisphere, will exclusively have to route via the Cape of Good Hope rather than Suez. Additionally, improving refinery margins and gradually increasing distances between refineries and end consumers support a strong outlook for earnings in the product sector. On the supply side, the orderbook-to-fleet ratio is approximately 20% for deliveries through 2028 as of November 2024. However, a growing number of tankers over 20 years old are likely scrapping candidates. These older vessels, with lower utilization rates and frequent involvement in “dark trades”, effectively reduce available tonnage and increase demand for the existing fleet. Furthermore, LR2s comprise over 50% of the new tonnage expected in the next few years, and historically, 70% of LR2 capacity has been absorbed into the dirty petroleum products trade. This is further supported by aged Panamax, Aframax, and large crude tanker fleets where newbuild order books are limited compared to the clean segments. Applying 70% dirty products trading for LR2 newbuild capacity reduces the clean products book-to-fleet ratio to 13%. As a result, the overall supply balance is expected to remain manageable in the coming years. Looking ahead, the product tanker market outlook is positive. Demand is expected to remain strong, supported by longer transport distances and refinery dislocation. With winter’s seasonal factors and reduced cannibalization from crude tankers, the market is set to benefit from a high-rate environment for product tankers. This will however be impacted if there is normalization of trade through the Red Sea, or further addition of new tonnage. Hafnia will pay a quarterly dividend of USD 0.3790 per share. The record date will be December 6, 2024. For shares registered in the Euronext VPS Oslo Stock Exchange, dividends will be distributed in NOK with an ex-dividend date of December 5, 2024 and payment date on, or about, December 17, 2024. For shares registered in the Depository Trust Company, the ex-dividend date will be December 6, 2024 with a payment date on, or about, December 12, 2024. Source: Hafnia Limited

Detroit Tigers star Colt Keith followed up an impressive rookie season by getting married to his longtime girlfriend, Kait Vickers . The couple tied the knot on Saturday, November 23, less than two months after Keith wrapped up his first season in the Major Leagues. “Congratulations to the Keiths! 💙🧡, “ the Tigers posted via Instagram on Sunday, November 24. Vickers showed off a series of photos from the ceremony via Instagram , including one with Ben Malgeri , currently a center fielder with the Tigers’ Double-A affiliate Erie SeaWolves, where Keith formerly played. “Baseball besties,” Vickers captioned the picture. Zach McKinstry , a utility player for the Tigers, and his fiancée, Karra — who got engaged in February — were in attendance at the ceremony “Incredible night celebrating our people with my best friend🤍,” captioned a series of photos from the big night via Instagram . “Congrats to the Keith’s 🎉.” Vickers also posted a video of her and Keith walking into their reception as fireworks shone on either side of them. “The best night ever...that’s all 🥹🥹,” she captioned the post. Keith and Vickers have been dating since at least January 2020, when Vickers first posted a picture of the couple via Instagram . In July 2020, the couple celebrated Vickers’ birthday together. “Happy 20th beautiful! ❤️,” Keith captioned a photo of them celebrating via Instagram . Keith proposed in September 2022 on a trip to Arizona. “Kait Keith has a nice ring to it!!! 9/30/22🤍💍,” Vickers posted via Instagram alongside two pictures from the proposal. Vickers has been by Keith’s side throughout his recent professional baseball journey, which began in earnest when Colt signed a six-year, $28.6 million contract with the Tigers in January. “Detroit! I am so grateful for this unbelievable opportunity,” Colt posted via Instagram at the time. “The thought of representing the city while doing what I love gives me chills. Thank you to everyone who helped me along the way. I am truly blessed. Looking forward to a great season! GO TIGERS!” You have successfully subscribed. By signing up, I agree to the Terms and Privacy Policy and to receive emails from Us Weekly Check our latest news in Google News Check our latest news in Apple News The baseball star became the second Tigers rookie since 1988 to amass 130 or more hits, 30 or more extra-base hits and 60 more more RBIs in a season, joining former Tiger Nick Castellanos in 2014. On Tuesday, November 19, Keith was named the 2024 Tigers Rookie of the Year, as voted on by the Detroit Sports Media Association. For the first time since 2014, the Tigers earned a postseason berth – with their Cinderella run to the playoffs ultimately coming to an end at the hands of the Cleveland Guardians in the American League Division Series in five games.Is Verstappen the GOAT? Four-time champ now among F1's greats

A judge on Monday rejected a request to block a San Jose State women’s volleyball team member from playing in a conference tournament on grounds that she is transgender. Monday’s ruling by U.S. Magistrate Judge S. Kato Crews in Denver will allow the player, who has played all season, to compete in the Mountain West Conference women’s championship opening this week in Las Vegas. The ruling comes in a lawsuit filed by nine current players against the Mountain West Conference challenging the league’s policies for allowing transgender players to participate. The players argued that letting her compete was a safety risk and unfair. While some media have reported those and other details, neither San Jose State nor the forfeiting teams have confirmed the school has a trans woman volleyball player. The Associated Press is withholding the player’s name because she has not commented publicly on her gender identity. School officials also have declined an interview request with the player. Crews’ ruling referred to the athlete as an “alleged transgender” player and noted that no defendant disputed that the San Jose State roster includes a transgender woman player. Related Story: San Jose State Stands With Student San Jose State will “continue to support its student-athletes and reject discrimination in all forms,” the university said in a statement, confirming that all its student-athletes are eligible to participate under NCAA and conference rules. “We are gratified that the Court rejected an eleventh-hour attempt to change those rules. Our team looks forward to competing in the Mountain West volleyball tournament this week.” The conference did not immediately respond to an email seeking comment. The players filed a notice for emergency appeal with the 10th U.S. Circuit Court of Appeals. Crews said the players who filed the complaint could have sought relief much earlier, noting the individual universities had acknowledged that not playing their games against San Jose State this season would result in a loss in league standings. He also refused a request to re-seed the tournament without the forfeited losses. The judge said injunctions are meant to preserve the status quo. The conference policy regarding forfeiting for refusing to play against a team with a transgender player had been in effect since 2022 and the San Jose State player has been on the roster since 2022 -– making that the status quo. Related Story: The Student Has Played Before Without Drawing Attention The player competed at the college level three previous seasons, including two for San Jose State, drawing little attention. This season’s awareness of her reported identity led to an uproar among some players, pundits, parents and politicians in a major election year. Crews’ ruling also said injunctions are meant to prevent harm, but in this case, he argued, the harm has already occurred. The games have been forfeited, the tournament has been seeded, the teams have made travel plans and the participants have confirmed they’re playing. The tournament starts Wednesday and continues Friday and Saturday. Colorado State is seeded first and San Jose State, second. The teams split their regular-season matches and both get byes into Friday’s semifinals. The conference tournament winner gets an automatic bid to the NCAA tournament. San Jose State coach Todd Kress, whose team has not competed in the national tournament since 2001, has said his team has been getting “messages of hate” and that has taken a toll on his players. Several teams refused to play against San Jose State during the season, earning losses in the official conference standings. Boise State and Wyoming each had two forfeits while Utah State and Nevada both had one. Southern Utah, a member of the Western Athletic Conference, was first to cancel against San Jose State this year. Nevada’s players stated they “refuse to participate in any match that advances injustice against female athletes,” without elaborating. Nevada did not qualify for the conference tournament. The nine current players and others now suing the Mountain West Conference, the California State University Board of Trustees and others include San Jose State senior setter and co-captain Brooke Slusser. The teammate Slusser says is transgender hits the volleyball with more force than others on the team, raising fear during practices of suffering concussions from a head hit, the complaint says. Other Lawsuits Pending Against NCAA The Independent Council on Women’s Sports is funding a separate lawsuit against the NCAA for allowing transgender women to compete in women’s sports. Both lawsuits claim the landmark 1972 federal antidiscrimination law known as Title IX prohibits transgender women in women’s sports. Title IX prohibits sexual discrimination in federally funded education; Slusser is a plaintiff in both lawsuits. Several circuit courts have used a U.S. Supreme Court ruling to conclude that discriminating against someone based on their transgender status or sexual orientation is sex-based discrimination, Crews wrote. That means case law does not prove the “likelihood of success” needed to grant an injunction. An NCAA policy that subjects transgender participation to the rules of sports governing bodies took effect this academic year. USA Volleyball says a trans woman must suppress testosterone for 12 months before competing. The NCAA has not flagged any issues with San Jose State. The Republican governors of Idaho, Nevada, Utah and Wyoming have made public statements in support of the team cancellations, citing fairness in women’s sports. President-elect Donald Trump likewise has spoken out against allowing transgender women to compete in women’s sports. Crews was a magistrate judge in Colorado’s U.S. District Court for more than five years before President Joe Biden appointed him as a federal judge in January.

NEW YORK (AP) — The New York Mets wanted Juan Soto to know his future with them could be set in stone. When the free agent outfielder traveled to owner Steve Cohen's house in Beverly Hills, California, for a presentation last month, the team unveiled a video that included an image of a future Soto statue outside Citi Field, next to the one erected of franchise great Tom Seaver . “Everything that they showed me, what they have, what they want to do, it was incredible,” Soto said. “But my favorite part was the video.” Soto was introduced at Citi Field on Thursday, a day after his record $765 million, 15-year contract was finalized. Speaking in the Piazza 31 Club, he was flanked by Mets owner Steve Cohen, president of baseball operations David Stearns and agent Scott Boras. Security men in gray suits wearing earpieces were off to the side. The slugger walked in led by Boras, wearing a dark suit, black turtle neck shirt and gold chain with his No. 22. Soto picked the Mets over the New York Yankees, Los Angeles Dodgers, Boston Red Sox and Toronto Blue Jays. His deal includes a luxury suite and four premium tickets for home games , all for free, and personal team security for the four-time All-Star and his family at the team’s expense for all spring training and regular-season home and road games. “My family is really important for me. Without them, I probably wouldn't have been here,” Soto said. “It's one of the biggest things.” Boras had asked for those sweeteners. “We included it at the beginning," Cohen said. “He made a request and we were happy to provide.” The crosstown Yankees, who reached the World Series for the first time since 2009 in part because of Soto, refused to consider the concept. “Some high-end players that make a lot of money for us, if they want suites, they buy them,” general manager Brian Cashman said. Cohen purchased the Mets ahead of the 2021 season and has boosted them to baseball's highest payroll in search of the team's first title since 1986 — when the World Series MVP, like Soto, wore No. 22 — Ray Knight. The owner thanked his son, Josh, for helping create the video and commended his 93-year-old father-in-law Ralph for attending the first get-together with Soto. While other teams met Soto at the Pendry Newport Beach, a hotel just a five-minute drive from Boras Corp.'s office, Cohen asked to host the session at one of his homes. “If we’re going to some restaurant, I didn’t know what the atmosphere would be,” Cohen said. “Food's better at my house.” Cohen and Soto met again Friday at another of the owner's homes in Boca Raton, Florida. Soto wanted to know how many championships Cohen expects over the next decade? “I said I’d like to win two to four,” the owner recalled. The value of Soto's contract eclipsed Shohei Ohtani’s $700 million, 10-year deal with the Los Angeles Dodgers last December. Its length topped Fernando Tatis Jr.’s $340 million, 14-year agreement with San Diego that runs through 2034. The 26-year-old Soto batted .288 with 41 homers, 109 RBIs and 129 walks this year and has a .285 career average with 201 homers, 592 RBIs and 769 walks over seven seasons with Washington, San Diego and the Yankees. Boras wouldn't discuss who finished second in the bidding in Soto's mind. “When you’re at a wedding, you don’t talk about the bridesmaids," he said. Soto made the decision Sunday while at home with his family. Boras referred to the group as the “Soto Supreme Court" defined as “mother, sister, father — he’s got a wide group. I think he may have eight or nine uncles.” “My information requests and such were rather unique,” Boras said, detailing that his team asked for OPS by ballpark. Soto's 1.175 at Citi Field is his highest at any stadium where he's played 15 or more games. Soto cited Cohen's relationship with Mets stars Francisco Lindor and Edwin Díaz as a factor in his mind. “They are kind of like (a tight) family, a family that wants to win but they definitely want to take care of their players and their families,” Soto said. Cohen had his wife Alex and father-in-law attend the initial meeting to emphasize kinship. “My father-in-law is at every game, every home game,” Cohen said. “I wanted him to see how important baseball is to this family. And Alex grew up with one TV in an apartment and that Met game was on every night.” Cohen relishes owning the Mets. He spoke earlier in the day to a town hall at his hedge fund. “Whenever you meet somebody, they want to talk about the Mets before they talk about financial markets,” he said. Soto's success will be determined by World Series titles. The Yankees have 27, the Mets two. “It's such a big city, right? There's plenty of room for both of us,” Cohen said. Soto had a more direct definition. "Championships is going to tell you if it's a Yankees or Mets town at the end of the day," he said. AP MLB: https://apnews.com/mlb

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