
Ross Stores Inc. stock underperforms Wednesday when compared to competitorsUranium producer Cameco Corp CCJ has encountered volatility in recent sessions thanks to opposing fundamental forces tugging on its shares. On one hand, the stunning rise of cryptocurrencies implies greater energy consumption from blockchain mining. Cynically, this framework should be net positive for Cameco stock and the broader nuclear energy industry. On the other hand, elements such as geopolitical tensions and an overall sense of economic uncertainty have also applied downward pressure on Cameco and other uranium producers recently. Therefore, attempting to guess where the company’s stock may head next appears futile. Instead, it may be better to assume that wherever Cameco goes, it will do so with zest. Currently, the security's price chart shows a broadening formation, also known as a megaphone pattern. Essentially, the price action is charting both a series of higher highs on the upswings and lower lows on the downswing. This formation is notoriously difficult to trade as a directional play. However, the underlying rise in volatility offers an attractive opportunity for a long iron condor. Focusing On Volatility Rather Than Direction Structurally, the long iron condor is a combination of two vertical spreads: a bear put spread and a bull call spread. In the former strategy's case, the idea is to buy a put and simultaneously sell a put (of the same expiration date) at a lower strike price. Should the security drop below the short put strike price, the trader collects the full reward. By logical deduction, the opposite applies for the latter strategy. The idea is to buy a call and simultaneously sell a call at a higher strike price. Should the security rise above the short call strike, the trader fully wins. Partial wins are also achieved for these individual vertical spreads if the security breaches the breakeven threshold. Since the long iron condor combines the bear put and bull call spreads, traders don't care what direction the target security moves to. Rather, the focus is on the magnitude of movement. That's why traders who anticipate a rise in implied volatility often deploy a long iron condor. To put it simply, kinesis is this option strategy's best friend, while stasis is its enemy. Hunting For The Right Condor Since the long iron condor trader profits from rising volatility, all other things being equal, the "narrowest" condors would make the most sense. After all, such structures would easily allow the target security to rise above or fall below the outer strike prices. However, narrow long iron condors generally feature high positional risk (i.e. big money at risk for a small payout) in exchange for the high likelihood of profitability. On the other side of the table, wider long iron condors tempt traders with typically low positional risk (i.e. less money at risk for a big payout) in exchange for the low likelihood of profitability. Such strategies tend to be speculation traps due to the improbability of making money. Therefore, trying to find the balance between risk and reward is key with any multi-leg options strategy, especially the condor. That said, one possible idea to consider is the 52P | 54P || 58C | 60C condor for the options chain expiring Dec. 27, 2024. This is how the trade breaks down individually: Sell the $52 put. Buy the $54 put. Buy the $58 call. Sell the $60 call. Cameco stock, at last check, would need to rise roughly 10% to break above the $60 call strike. On the flipside, CCJ could also drop a little less than 5% to break below the $52 put strike. Given the security's wild undulations, either outcome is within the realm of possibility (and arguably within the realm of probability). Further, because CCJ appears to be suffering a bearish bout, the downside target may be more achievable. However, if bullish momentum materializes, traders enjoy decent "coverage" to the upside as well. Finally, even if traders don't like the 52P | 54P || 58C | 60C condor expiring Dec. 27, the broadening pattern of CCJ stock suggests future volatility-based opportunities. So, keep close tabs on Cameco. Now Read: Wall Street Retreats As Treasuries Suffer Worst Week In Over A Year, Broadcom Soars, Bitcoin Rebounds: What’s Driving Markets Friday? Image courtesy of Cameco © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
DENVER--(BUSINESS WIRE)--Dec 13, 2024-- The Western Union Company (NYSE: WU) announced today that its Board of Directors approved a new $1 billion authorization for the Company to repurchase its common stock and declared a quarterly cash dividend of $0.235 per common share. The dividend will be payable December 31, 2024, to stockholders of record at the close of business on December 23, 2024. “We remain committed to returning capital to our shareholders with our disciplined approach focused on driving long-term shareholder value through both dividends and stock repurchases and today’s announcements allows us the flexibility to continue to do that,” said Devin McGranahan, President and Chief Executive Officer. Repurchases may be made at management’s discretion through open-market transactions, privately negotiated transactions, tender offers, Rule 10b5-1 plans, or by other means. The amount and timing of any repurchases made under the share repurchase program will depend on a variety of factors, including market conditions, share price, legal requirements, and other factors. The program does not have a set expiration date and may be suspended, modified, or discontinued at any time without prior notice. Safe Harbor Compliance Statement for Forward-Looking Statements This press release contains certain statements that are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance and involve certain risks, uncertainties, and assumptions that are difficult to predict. Actual outcomes and results may differ materially from those expressed in, or implied by, our forward-looking statements. Words such as “expects,” “intends,” “targets,” “anticipates,” “believes,” “estimates,” “guides,” “provides guidance,” “provides outlook,” “projects,” “designed to,” and other similar expressions or future or conditional verbs such as “may,” “will,” “should,” “would,” “could,” and “might” are intended to identify such forward-looking statements. Readers of this press release of The Western Union Company (the “Company,” “Western Union,” “we,” “our,” or “us”) should not rely solely on the forward-looking statements and should consider all uncertainties and risks discussed in the Risk Factors section and throughout the Annual Report on Form 10-K for the year ended December 31, 2023. The statements are only as of the date they are made, and the Company undertakes no obligation to update any forward-looking statement. Possible events or factors that could cause results or performance to differ materially from those expressed in our forward-looking statements include the following: (i) events related to our business and industry, such as: changes in general economic conditions and economic conditions in the regions and industries in which we operate, including global economic downturns and trade disruptions, or significantly slower growth or declines in the money transfer, payment service, and other markets in which we operate, including downturns or declines related to interruptions in migration patterns or other events, such as public health emergencies, epidemics, or pandemics, civil unrest, war, terrorism, natural disasters, or non-performance by our banks, lenders, insurers, or other financial services providers; failure to compete effectively in the money transfer and payment service industry, including among other things, with respect to price or customer experience, with global and niche or corridor money transfer providers, banks and other money transfer and payment service providers, including digital, mobile and internet-based services, card associations, and card-based payment providers, and with digital currencies and related exchanges and protocols, and other innovations in technology and business models; geopolitical tensions, political conditions and related actions, including trade restrictions and government sanctions, which may adversely affect our business and economic conditions as a whole, including interruptions of United States or other government relations with countries in which we have or are implementing significant business relationships with agents, clients, or other partners; deterioration in customer confidence in our business, or in money transfer and payment service providers generally; failure to maintain our agent network and business relationships under terms consistent with or more advantageous to us than those currently in place; our ability to adopt new technology and develop and gain market acceptance of new and enhanced services in response to changing industry and consumer needs or trends; mergers, acquisitions, and the integration of acquired businesses and technologies into our Company, divestitures, and the failure to realize anticipated financial benefits from these transactions, and events requiring us to write down our goodwill; decisions to change our business mix; changes in, and failure to manage effectively, exposure to foreign exchange rates, including the impact of the regulation of foreign exchange spreads on money transfers; changes in tax laws, or their interpretation, any subsequent regulation, and unfavorable resolution of tax contingencies; any material breach of security, including cybersecurity, or safeguards of or interruptions in any of our systems or those of our vendors or other third parties; cessation of or defects in various services provided to us by third-party vendors; our ability to realize the anticipated benefits from restructuring-related initiatives, which may include decisions to downsize or to transition operating activities from one location to another, and to minimize any disruptions in our workforce that may result from those initiatives; our ability to attract and retain qualified key employees and to manage our workforce successfully; failure to manage credit and fraud risks presented by our agents, clients, and consumers; adverse rating actions by credit rating agencies; our ability to protect our trademarks, patents, copyrights, and other intellectual property rights, and to defend ourselves against potential intellectual property infringement claims; material changes in the market value or liquidity of securities that we hold; restrictions imposed by our debt obligations; (ii) events related to our regulatory and litigation environment, such as: liabilities or loss of business resulting from a failure by us, our agents, or their subagents to comply with laws and regulations and regulatory or judicial interpretations thereof, including laws and regulations designed to protect consumers, or detect and prevent money laundering, terrorist financing, fraud, and other illicit activity; increased costs or loss of business due to regulatory initiatives and changes in laws, regulations and industry practices and standards, including changes in interpretations, in the United States and abroad, affecting us, our agents or their subagents, or the banks with which we or our agents maintain bank accounts needed to provide our services, including related to anti-money laundering regulations, anti-fraud measures, our licensing arrangements, customer due diligence, agent and subagent due diligence, registration and monitoring requirements, consumer protection requirements, remittances, immigration, and sustainability reporting including climate-related reporting; liabilities, increased costs or loss of business and unanticipated developments resulting from governmental investigations and consent agreements with, or investigations or enforcement actions by regulators and other government authorities; liabilities resulting from litigation, including class-action lawsuits and similar matters, and regulatory enforcement actions, including costs, expenses, settlements, and judgments; failure to comply with regulations and evolving industry standards regarding consumer privacy, data use, the transfer of personal data between jurisdictions, and information security, failure to comply with the Dodd-Frank Wall Street Reform and Consumer Protection Act, as well as regulations issued pursuant to it and the actions of the Consumer Financial Protection Bureau and similar legislation and regulations enacted by other governmental authorities in the United States and abroad related to consumer protection; effects of unclaimed property laws or their interpretation or the enforcement thereof; failure to maintain sufficient amounts or types of regulatory capital or other restrictions on the use of our working capital to meet the changing requirements of our regulators worldwide; changes in accounting standards, rules and interpretations, or industry standards affecting our business; and (iii) other events, such as catastrophic events and management’s ability to identify and manage these and other risks. About Western Union The Western Union Company (NYSE: WU) is committed to helping people around the world who aspire to build financial futures for themselves, their loved ones and their communities. Our leading cross-border, cross-currency money movement, payments and digital financial services empower consumers, businesses, financial institutions and governments—across more than 200 countries and territories and nearly 130 currencies—to connect with billions of bank accounts, millions of digital wallets and cards, and a global footprint of hundreds of thousands of retail locations. Our goal is to offer accessible financial services that help people and communities prosper. For more information, visit www.westernunion.com . WU-G View source version on businesswire.com : https://www.businesswire.com/news/home/20241213394701/en/ CONTACT: Media Relations: Brad Jones media@westernunion.comInvestor Relations: Tom Hadley WesternUnion.IR@westernunion.com KEYWORD: COLORADO UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: SOFTWARE PERSONAL FINANCE PAYMENTS FINANCE BANKING PROFESSIONAL SERVICES TECHNOLOGY FINTECH SOURCE: The Western Union Company Copyright Business Wire 2024. PUB: 12/13/2024 04:05 PM/DISC: 12/13/2024 04:04 PM http://www.businesswire.com/news/home/20241213394701/enGet ready for a college football bowl season like you’ve never seen. It’s the first year of the expanded 12-team College Football Playoff to determine the national champion, with first-round games kicking off Friday, December 20. In the new format, the top four conference champions (Oregon, Georgia, Arizona State and Boise State) receive a first-round bye and automatic entry into the quarterfinals. The remaining eight teams play in the four-game first round, with matchups held at the home stadiums of the higher-ranked participants. The “New Year’s Six” bowls serve as the quarterfinals and semifinals, with the national championship decided Monday, January 20, at Mercedes-Benz Stadium in Atlanta. Of course, there’s still plenty of college football postseason action through early January that doesn’t involve the national championship chase. The parade of bowl games begins Saturday, December 14, with the Cricket Celebration Bowl in Atlanta. A great tradition continues in Landover, Maryland, as the Navy Midshipmen take on the Army Black Knights Saturday on CBS at 3/2c. Later on Saturday, the Heisman Trophy is presented to the season’s most outstanding player in a ceremony on ESPN at 8/7c. Finalists are Oregon QB Dillon Gabriel, Colorado WR/CB Travis Hunter, Boise State RB Ashton Jeanty (pictured above) and Miami QB Cam Ward. Here’s your complete lineup of College Football Playoff games and other bowl matchups: All times Eastern/Central. Friday, December 20 No. 10 Indiana at No. 7 Notre Dame, ABC/ESPN, 8/7c Saturday, December 21 No. 11 SMU at No. 6 Penn State, noon/11a c, TNT/Max No. 12 Clemson at No. 5 Texas, 4/3c, TNT/Max No. 9 Tennessee at No. 8 Ohio State, 8/7c, ABC/ESPN Tuesday, December 31 Vrbo Fiesta Bowl (Glendale, Arizona): TBA vs. No. 3 Boise State, (ESPN) Wednesday, Jan. 1 Chick-fil-A Peach Bowl (Atlanta): TBA vs. No. 4 Arizona State, 1/noon c, ESPN Rose Bowl (Pasadena, California): TBA vs. No. 1 Oregon, 5/4c, ESPN Allstate Sugar Bowl (New Orleans): TBA vs. No. 2 Georgia, 8:45/7:45c, ESPN Thursday, January 9 Capital One Orange Bowl (Miami, Florida): TBA vs. TBA, 7:30/6:30c, ESPN Friday, January 10 Goodyear Cotton Bowl Classic (Arlington, Texas): TBA vs. TBA, 7:30/6:30c, ESPN Monday, January 20 National Championship (Atlanta): TBA vs. TBA, 7:30/6:30c, ESPN Saturday, December 14 Cricket Celebration Bowl (Atlanta): Jackson State vs. South Carolina State, noon/11a c, ABC IS4S Salute to Veterans Bowl (Montgomery, Alabama): South Alabama vs. Western Michigan, 9/8c, ESPN Tuesday, December 17 Scooter’s Coffee Frisco Bowl (Frisco, Texas): Memphis vs. West Virginia, 9/8c, ESPN Wednesday, December 18 Boca Raton Bowl (Boca Raton, Florida): Western Kentucky vs. James Madison, 5:30/4:30c, ESPN Art of Sport LA Bowl (Inglewood, California): Cal vs. UNLV, 9/8c, ESPN Thursday, December 19 R+L Carriers New Orleans Bowl (New Orleans): Georgia Southern vs. Sam Houston, 7/6c, ESPN2 Friday, December 20 StaffDNA Cure Bowl (Orlando, Florida): Ohio vs. Jacksonville State, noon/11a c, ESPN Union Home Mortgage Gasparilla Bowl (Tampa, Florida): 3:30/2:30c, ESPN Monday, December 23 Myrtle Beach Bowl (Conway, South Carolina): Coastal Carolina vs. UTSA, 11a/10a c, ESPN Famous Idaho Potato Bowl (Boise, Idaho): Northern Illinois vs. Fresno State, 2:30/1:30c, ESPN Tuesday, December 24 Hawai’i Bowl (Honolulu): South Florida vs. San José State, 8/7c, ESPN Thursday, December 26 GameAbove Sports Bowl (Detroit): Pittsburgh vs. Toledo, 2/1xc, ESPN Rate Bowl (Phoenix): Rutgers vs. Kansas State, 5:30/4:30c, ESPN 68 Ventures Bowl (Mobile, Alabama): Arkansas State vs. Bowling Green, 9/8c, ESPN Friday, December 27 Lockheed Martin Armed Forces Bowl (Fort Worth, Texas): Oklahoma vs. Navy, noon/11a c, ESPN Birmingham Bowl (Birmingham, Alabama): Georgia Tech vs. Vanderbilt, 3:30/2:30c, ESPN AutoZone Liberty Bowl (Memphis, Tennessee): Texas Tech vs. Arkansas, 7/6c, ESPN DirecTV Holiday Bowl (San Diego): Syracuse vs. Washington State, 8/7c, Fox SRS Distribution Las Vegas Bowl (Las Vegas): Texas A&M vs. USC, 10:30/9:30c, ESPN Saturday, December 28 Wasabi Fenway Bowl (Boston): UConn vs. North Carolina, 11a/10a c, ESPN Bad Boy Mowers Pinstripe Bowl (Bronx, New York): Boston College vs. Nebraska, Noon/11a c, ABC Isleta New Mexico Bowl (Albuquerque, New Mexico): Louisiana vs. TCU, 2:15/1:15c, ESPN Pop-Tarts Bowl (Orlando, Florida): Iowa State vs. Miami, 3:30/2:30c, ABC Snoop Dogg Arizona Bowl (Tucson, Arizona): Miami (Ohio) vs. Colorado State, 4:30/3:30c, The CW Go Bowling Military Bowl (Annapolis, Maryland): East Carolina vs. NC State, 5:45/4:45c, ESPN Valero Alamo Bowl (San Antonio): BYU vs. Colorado, 7:30/6:30c, ABC Radiance Technologies Independence Bowl (Shreveport, Louisiana): Marshall vs. Army, 9:15/8:15c, ESPN Monday, December 30 TransPerfect Music City Bowl (Nashville, Tennessee): Iowa vs. Missouri, 2:30/1:30c, ESPN Tuesday, December 31 ReliaQuest Bowl (Tampa, Florida): Alabama vs. Michigan, noon/11a c, ESPN Tony the Tiger Sun Bowl (El Paso, Texas): Louisville vs. Washington, 2/1c, CBS Cheez-It Citrus Bowl (Orlando, Florida): South Carolina vs. Illinois, 3/2c, ABC Kinder’s Texas Bowl (Houston): Baylor vs. LSU, 3:30/2:30c, ESPN Thursday, January 2 TaxSlayer Gator Bowl (Jacksonville, Florida): Duke vs. Ole Miss, 7:30/6:30c, ESPN Friday, January 3 SERVPRO First Responder Bowl (Dallas): North Texas vs. Texas State, 4/3c, ESPN Duke’s Mayo Bowl (Charlotte, North Carolina): Minnesota vs. Virginia Tech, 7:30/6:30c, ESPN Saturday, January 4 Bahamas Bowl (Nassau, Bahamas): Buffalo vs. Liberty, 11a/10a c, ESPN2 More Headlines:
Penn State earns sixth seed in CFP after losing to Oregon
PARIS, Nov 22 (Reuters) - France wrapped up their autumn nations series in style with a 37-23 victory against Argentina for their third win in as many tests at the Stade de France on Friday. Six days after beating New Zealand 30-29, Fabien Galthie's side were never in real trouble against the Pumas, with a penalty try and tries by Thibaud Flament, Gabin Villiere and Louis Bielle-Biarrey while Thomas Ramos had another perfect kicking day with 15 points. Argentina scored second-half tries by Thomas Gallo and Ignacio Ruiz, with Tomas Albornoz kicking the rest of their points, but lacked discipline to challenge Les Bleus a week after a 22-19 defeat to Ireland. France, who also beat Japan in their first outing earlier this month, will now be the favourites for the Six Nations, which starts on Jan. 31. Coach Galthie drew positives from the series, with a lot of turnover, after France were the only team from the northern hemisphere to win all their tests. "We had decided to make changes because that test was coming only six days after the All Blacks," he said. "There is a lot of competition in this squad and it's good for everyone. We had a weird year after the World Cup but for this series we had the best possible team of the moment," he added, already looking towards the 2027 World Cup. "Until then we only have 30 tests. It seems a lot but it's coming quickly," he said. Argentina put the early pressure, working through the phases to wear down the French defence but the hosts held firm and were first on the scoreboard when Flament powered over. The Pumas were down to 14 after Julian Montoya picked up a yellow card for foul play in a ruck that resulted in prop Jean-Baptiste Gros being replaced by Reda Wardi after three minutes with a leg injury. Albornoz kicked three penalties, while Ramos slotted in two more as Argentina reduced the arrears to 13-9. But France were on the attack again and Villiere dived over after a long domination spell and Ramos converted to extend the lead to 11 points. It was 27-9 shortly afterwards with France being awarded a penalty try when Juan Martin Gonzalez volleyed the ball forward as last defender to deny Louis Bielle-Biarrey. Gonzalez was sin-binned and Ramos added a penalty to put France 30-11 at halftime. Just like against Ireland a week ago, Argentina did not give up and pulled a try back when Gallo bundled over, only for France to dash the visitors' hopes of a comeback with Bielle-Biarrey collecting his own grazing kick for France's fourth try. The Argentina forwards kept France under pressure, however, and Ruiz touched down as Les Bleus suffered physically. But the hosts' defence held firm to preserve a deserved win, with a couple of dodgy lineouts the only weakness they showed on the night. Sign up here. Reporting by Julien Pretot; Editing by Pritha Sarkar Our Standards: The Thomson Reuters Trust Principles. , opens new tabTua Tagovailoa says he's had personal security since one of his cars was broken into MIAMI GARDENS, Fla. (AP) — Tua Tagovailoa doesn't want to take chances with his family's safety, so the Miami Dolphins’ star quarterback hired personal security when one of his cars was broken into about a year ago. Alanis Thames, The Associated Press Dec 11, 2024 1:26 PM Dec 11, 2024 1:35 PM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message Miami Dolphins quarterback Tua Tagovailoa (1) speaks during a news conference following an NFL football game against the New York Jets, Sunday, Dec. 8, 2024, in Miami Gardens, Fla. (AP Photo/Wilfredo Lee) MIAMI GARDENS, Fla. (AP) — Tua Tagovailoa doesn't want to take chances with his family's safety, so the Miami Dolphins’ star quarterback hired personal security when one of his cars was broken into about a year ago. "(It was) a little too close for my comfort with my family being in the house,” Tagovailoa said Wednesday. “So we got personal security to take care of all of that. When we're on the road, we've got someone with my wife, got someone also at the house, surveying the house.” Tagovailoa, speaking days after the home of Cincinnati quarterback Joe Burrow was broken into while the Bengals were playing a Monday night game at Dallas, also noted his security is armed, "so I hope that if you decide to go to my house, you think twice.” Burrow's home was the latest targeted in a string of burglaries of pro athletes' homes in the U.S., which included the homes of Kansas City Chiefs stars Patrick Mahomes and Travis Kelce. Mahomes' and Kelce's homes were broken into in October, prompting the NFL to issue a security alert to teams and the players' union warning that the houses of numerous pro athletes were “increasingly targeted for burglaries by organized and skilled groups," according to a memo previously obtained by The Associated Press. Law enforcement officials noted these groups target the homes on days the athletes have games. Players were told to take precautions and implement home security measures to reduce the risk of being targeted. Tagovailoa's personal security has been in place since long before this string of break-ins. No one was injured in the Monday night break-in at Burrow's home, but it was ransacked, according to a report provided by the Hamilton County Sheriff’s Office. In the NBA , Milwaukee Bucks forward Bobby Portis had his home broken into Nov. 2 and Minnesota Timberwolves guard Mike Conley Jr.’s home was burglarized on Sept. 15 while he was at a Minnesota Vikings game. Portis had offered a $40,000 reward for information, and the NBA later issued its own memo revealing that the FBI has connected some burglaries to “transnational South American Theft Groups” that are “reportedly well-organized, sophisticated rings that incorporate advanced techniques and technologies, including pre-surveillance, drones, and signal jamming devices.” Some of the groups have conducted extensive surveillance on targets, including attempted home deliveries and posing as grounds maintenance or joggers in the neighborhood, according to officials. Tagovailoa, who just signed an extension with the Dolphins last offseason, said he doesn't necessarily feel like a target, "but I wouldn't want to play the chances with my family and kids sleeping, my wife sleeping, me sleeping at the house.” ___ AP NFL: https://apnews.com/hub/nfl Alanis Thames, The Associated Press See a typo/mistake? Have a story/tip? This has been shared 0 times 0 Shares Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message Get your daily Victoria news briefing Email Sign Up More Football (NFL) Rape allegation against Jay-Z won’t impact NFL's relationship with music mogul, Goodell says Dec 11, 2024 2:17 PM Drew Lock has a heel injury so Tommy DeVito may start at QB for Giants vs. Ravens Dec 11, 2024 2:15 PM Vince Carter and Tracy McGrady join Bills' ownership group as limited partners Dec 11, 2024 2:09 PM
SAN DIEGO, Dec. 24, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a class action was filed on behalf of persons and entities that purchased or otherwise acquired Symbotic Inc. SYM securities between February 8, 2024 and November 26, 2024. Symbotic is an automation technology company that engages in the production of a robotics and automation-based product movement technology platform. For more information, submit a form , email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbins LLP is Investigating Allegations that Symbotic Inc. (SYM) Failed to Disclose Material Weaknesses in its Internal Control Over Financial Reporting According to the complaint, on November 27, 2024, the Company filed with the SEC a Form 8-K/A, in which the Company revealed it had "identified errors in its revenue recognition related to cost overruns on certain deployments that will not be billable, which additionally impacted system revenue, income (loss) before income tax, net income (loss) and gross margin recognized in the second, third, and fourth quarters of fiscal year 2024." Further, the Company indicated that its previously issued financial statements for the fourth quarter and fiscal year 2024 and the Company's supplemental presentation, should no longer be relied upon. On this news, the price of Symbotic stock fell over 35%, to close at $24 per share on November 27, 2024. What Now : You may be eligible to participate in the class action against Symbotic Inc. Shareholders who want to serve as lead plaintiff for the class must submit their application to the court by February 3, 2025. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here . All representation is on a contingency fee basis. Shareholders pay no fees or expenses. About Robbins LLP : Some law firms issuing releases about this matter do not actually litigate securities class actions; Robbins LLP does. A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. Since our inception, we have obtained over $1 billion for shareholders. To be notified if a class action against Symbotic Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today. Attorney Advertising. Past results do not guarantee a similar outcome. Contact: Aaron Dumas, Jr. Robbins LLP 5060 Shoreham Pl., Ste. 300 San Diego, CA 92122 adumas@robbinsllp.com (800) 350-6003 www.robbinsllp.com https://www.facebook.com/RobbinsLLP/ https://www.linkedin.com/company/robbins-llp/ A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3edbf291-c5a4-45f0-a769-259266b2c15b © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Heisman Trophy winner Travis Hunter and quarterback Shedeur Sanders financially are protected against potential injuries in Saturday's Alamo Bowl against BYU, according to Colorado coach Deion Sanders. The coach confirmed Monday that the school has taken out record disability insurance policies for the two players, who are both projected top-five picks in the 2025 NFL Draft. "We happen to have two players that are probably gonna be the first two picks of the NFL Draft," Sanders said at a press conference in San Antonio. "And they have received, I think, the highest number of coverage that has ever been covered in college football. ... It far exceeds anyone (who) has ever played this game of college football." High-caliber players such as Sanders and Hunter typically skip non-playoff bowl games rather than risking injury and potential lost income as top draft selections. The No. 1 pick in the 2025 draft is in line for a four-year deal worth about $40 million. A spokesman for Colorado's athletic department confirmed to Front Office Sports that several Buffaloes players are insured for the game, but he did not provide specific costs or benefits. No. 23 Colorado (9-3) meets No. 17 BYU (10-2) at the Alamodome on Saturday. Shedeur Sanders has completed 74.2 percent of his passes this season for 3,926 yards with 35 touchdowns and eight interceptions. Hunter, the team's two-way star, won the Heisman earlier this month. He has 92 receptions for 1,152 yards and 14 touchdowns as a wide receiver and four interceptions, 11 passes defensed and 31 tackles as a cornerback. --Field Level MediaCollege Football Playoff & Bowl Game TV Schedule 2024First dog-friendly cruise scheduled for 2025. Organizers hope it turns into a recurring event.
After the strong November payrolls data , released last week, boosted hopes for an interest rate cut in December,the focus of investors in the week ahead will be on the consumer price inflation. The retail inflation data could provide clues on the US Federal Reserve’s last monetary policy of 2024. In addition, the market participants will also have the Producer Price Index (PPI) data. On earnings front, the Wall Street will see quarter results of some big names including Oracle, Adobe and Broadcom. Economic calendar On December 9 (Monday), a report on wholesale inventories for October will be released. On December 10 (Tuesday), separate reports on NFIB Optimism Index for November and US productivity (revision) for Q3 will be released. On December 11 (Wednesday), data on Consumer Price Index inflation for November will be declared. On December 12 (Thursday), data on Producer Price Index inflation for November will be declared. On December 13 (Friday), a report on Import Price Index for November will be released. Earnings Following companies are due to report third quarter earnings in the week ahead — Oracle, Toll Brothers, Casey’s General Stores, AutoZone, Ferguson Enterprises, GameStop, Ollie’s Bargain Outlet Holdings, Academy Sports and Outdoors, Adobe, Broadcom, Costco Wholesale, and Ciena. Events The Goldman Sachs US Financial Services Conference will start on December 10 and the Barclays 22nd Annual Global Technology Conference will begin on December 11. Markets last week The Nasdaq and the S&P 500 rose to record closing high on Friday after data suggested the job market remains solid enough to keep the economy going. The Dow Jones Industrial Average fell 123.19 points, or 0.28 per cent, to 44,642.52, the S&P 500 gained 15.16 points, or 0.25 per cent, to 6,090.27 and the Nasdaq Composite gained 159.05 points, or 0.81 per cent, to 19,859.77. For the week, the Nasdaq gained 3.3 per cent, the S&P 500 rose about 1 per cent and the Dow fell 0.6 per cent. In the bond market, the yield on the 10-year Treasury yield slipped to 4.15 per cent from 4.18 per cent.
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Social media users are misrepresenting a report by the Justice Department inspector general’s office, falsely claiming that it’s proof the FBI orchestrated the Capitol riot on Jan. 6, 2021. The examined a number of areas, including whether major intelligence failures preceded the riot and whether the FBI in some way provoked the violence. Claims spreading online focus on the report’s finding that 26 FBI informants were in Washington for election-related protests on Jan. 6, including three who had been tasked with traveling to the city to report on others who were potentially planning to attend the events. Although 17 of those informants either entered the Capitol or a restricted area around the building during the riot, none of the 26 total informants were authorized to do so by the bureau, according to the report. Nor were they authorized to otherwise break the law or encourage others to do so. Here’s a closer look at the facts. CLAIM: A December 2024 report released by the Department of Justice’s Office of the Inspector General is proof that the Jan. 6 Capitol riot was a setup by the FBI. THE FACTS: That’s false. The report found that no undercover FBI employees were at the riot on Jan. 6 and that none of the bureau’s informants were authorized to participate. Informants, also known as confidential human sources, work with the FBI to provide information, but are not on the bureau’s payroll. Undercover agents are employed by the FBI. According to the report, 26 informants were in Washington on Jan. 6 in connection with the day’s events. FBI field offices only informed the Washington Field Office or FBI headquarters of five informants that were to be in the field on Jan. 6. Of the total 26 informants, four entered the Capitol during the riot and an additional 13 entered a restricted area around the Capitol. But none were authorized to do so by the FBI, nor were they given permission to break other laws or encourage others to do the same. The remaining nine informants did not engage in any illegal activities. None of the 17 informants who entered the Capitol or surrounding restricted area have been prosecuted, the report says. A footnote states that after reviewing a draft of the report, the U.S. attorney’s office in Washington said that it “generally has not charged those individuals whose only crime on January 6, 2021 was to enter restricted grounds surrounding the Capitol, which has resulted in the Office declining to charge hundreds of individuals; and we have treated the CHSs consistent with this approach.” The assistant special agent in charge of the Washington Field Office’s counterterrorism division told the inspector general’s office that he “denied a request from an FBI office to have an undercover employee engage in investigative activity on January 6.” He, along with then-Washington Field Office Assistant Director in Charge Steven D’Antuono, said that FBI policy prohibits undercover employees at First Amendment-protected events without investigative authority. Many social media users drew false conclusions from the report’s findings. “JANUARY 6th WAS A SETUP!” reads one X post that had received more than 11,400 likes and shares as of Friday. “New inspector general report shows that 26 FBI/DOJ confidential sources were in the crowd on January 6th, and some of them went into the Capitol and restricted areas. Is it a coincidence that Wray put in his resignation notice yesterday? TREASON!” The mention of Wray’s resignation refers to FBI Director Christopher Wray’s announcement Wednesday that he at the end of President Joe Biden’s term in January. Other users highlighted the fact that there were 26 FBI informants in Washington on Jan. 6, but omitted key information about the findings of the report. These claims echo a advanced by some Republicans in Congress that the FBI played a role in instigating the events of Jan. 6, 2021, when rioters determined to overturn Republican Donald Trump’s 2020 election loss to Democrat Joe Biden stormed the Capitol in a violent clash with police. The report knocks that theory down. such theories “ludicrous” at a congressional hearing last year. Asked for comment on the false claims spreading online, Stephanie Logan, a spokesperson for the inspector general’s office, pointed The Associated Press to a about the report. In addition to its findings about the the FBI’s involvement on Jan. 6, the report said that the FBI, in an action its now-deputy director described as a “basic step that was missed,” failed to canvass informants across all 56 of its field offices for any relevant intelligence ahead of time. That was a step, the report concluded, “that could have helped the FBI and its law enforcement partners with their preparations in advance of January 6.” However, it did credit the bureau for preparing for the possibility of violence and for trying to identify known “domestic terrorism subjects” who planned to come to Washington that day. The FBI said in a letter responding to the report that it accepts the inspection general’s recommendation “regarding potential process improvements for future events.”Georgia's Struggle: Protests Erupt Amid EU Negotiation SuspensionBill Belichick casts heavy shadow over Fenway Bowl
Why Stellar, Polkadot and NEAR Protocol Were 3 Of the Biggest Crypto Winners This WeekendACM Research Comments on Updated U.S. Export RestrictionsThe nation’s equity market on Tuesday sustained growth trajectory, appreciating by N504 billion as gains in the shares of highly capitalised companies lifted market activities. Market capitalisation of listed equities increased by 0.82 per cent to N61.944 trillion from N61.440 trillion reported the previous day. The NGX All Share Index also appreciated by 829.88 basis points to 102186.03 points from 101356.15 points reported the previous day. the positive performance recorded during the day was driven by gains in the shares of United Bank for Africa, PZ Cusson, Eterna Plc, Wapco, A review of the transactions showed that MRS led gainers table during the day, appreciating 10 per cent to close at N217.80 per unit, Ikeja Hotel followed with a gain of 9.95 per cent to close at N11.05 per share, Multiverse added 9.90 per cent to close at N5.55 per unit, Skyvn gained 9.84 per cent to close at N30.70 per unit, John Holt increased by 6.69 per cent to close at N6.45 per share. On the contrary, Thomas Way topped losers chart, dropping by 10 per cent to close at N1.71 per share, Caverton Business Solutions trailed with a loss of 7.35 per cent to close at N2.27 per share, Wapic Insurance down by 5.03 per cent to close at N1.70 per unit, HMCall and Live stock fell by 5.00 per cent each to close at N4.75 and N3.80 per share respectively.
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