Franklin Resources Inc. Has $1.10 Million Holdings in Anheuser-Busch InBev SA/NV (NYSE:BUD)
Higher FCNR rates fail to bring in the moolahNone
Franklin Resources Inc. bought a new stake in shares of TORM plc ( NASDAQ:TRMD – Free Report ) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 32,974 shares of the company’s stock, valued at approximately $1,047,000. Other hedge funds have also recently added to or reduced their stakes in the company. Centiva Capital LP acquired a new stake in shares of TORM during the third quarter worth $3,077,000. DekaBank Deutsche Girozentrale grew its holdings in TORM by 1,166.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 38,000 shares of the company’s stock worth $1,289,000 after acquiring an additional 35,000 shares during the period. International Assets Investment Management LLC bought a new position in shares of TORM in the 3rd quarter worth about $7,359,000. Lighthouse Investment Partners LLC lifted its stake in shares of TORM by 276.2% in the 2nd quarter. Lighthouse Investment Partners LLC now owns 110,049 shares of the company’s stock valued at $4,267,000 after purchasing an additional 80,793 shares during the period. Finally, Hsbc Holdings PLC bought a new stake in shares of TORM during the 2nd quarter valued at about $9,619,000. Institutional investors own 73.89% of the company’s stock. TORM Stock Performance Shares of TRMD opened at $19.34 on Friday. TORM plc has a one year low of $17.77 and a one year high of $40.47. The company has a market cap of $1.58 billion, a PE ratio of 2.50 and a beta of 0.21. The stock has a 50-day moving average of $22.39 and a 200-day moving average of $31.18. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.47 and a quick ratio of 2.24. TORM Cuts Dividend Analyst Ratings Changes TRMD has been the subject of a number of research analyst reports. Fearnley Fonds upgraded TORM to a “hold” rating in a report on Friday, September 27th. Jefferies Financial Group lowered their price objective on shares of TORM from $37.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Read Our Latest Analysis on TRMD TORM Profile ( Free Report ) TORM plc, a shipping company, owns and operates a fleet of product tankers in the United Kingdom. It operates in two operating segments, Tanker and Marine Exhaust. The Tanker segment transports refined oil products, such as gasoline, jet fuel, kerosene, naphtha, and gas oil, as well as dirty petroleum products, including fuel oil. Featured Stories Five stocks we like better than TORM Dividend Capture Strategy: What You Need to Know Buffett Takes the Bait; Berkshire Buys More Oxy in December How to Calculate Return on Investment (ROI) Top 3 ETFs to Hedge Against Inflation in 2025 EV Stocks and How to Profit from Them These 3 Chip Stock Kings Are Still Buys for 2025 Want to see what other hedge funds are holding TRMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TORM plc ( NASDAQ:TRMD – Free Report ). Receive News & Ratings for TORM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TORM and related companies with MarketBeat.com's FREE daily email newsletter .Walmart's best Cyber Monday kitchen deals: Drew Barrymore cookware starting at $12
Leggett & Platt Inc. stock underperforms Thursday when compared to competitors despite daily gainsApple Files Two HMD Patents related to Hand Matting and Synthesized Hand Textures + 10 others on Various Technologies - Patently AppleFranklin Resources Inc. Buys 2,026 Shares of ScanSource, Inc. (NASDAQ:SCSC)
Franklin Resources Inc. grew its holdings in Collegium Pharmaceutical, Inc. ( NASDAQ:COLL – Free Report ) by 13.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,625 shares of the specialty pharmaceutical company’s stock after acquiring an additional 3,620 shares during the quarter. Franklin Resources Inc. owned 0.09% of Collegium Pharmaceutical worth $1,164,000 at the end of the most recent reporting period. Several other hedge funds have also recently bought and sold shares of the stock. nVerses Capital LLC boosted its position in shares of Collegium Pharmaceutical by 1,600.0% during the second quarter. nVerses Capital LLC now owns 1,700 shares of the specialty pharmaceutical company’s stock worth $55,000 after buying an additional 1,600 shares during the period. GAMMA Investing LLC lifted its stake in Collegium Pharmaceutical by 124.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,428 shares of the specialty pharmaceutical company’s stock valued at $55,000 after acquiring an additional 792 shares in the last quarter. CWM LLC lifted its stake in Collegium Pharmaceutical by 97.5% in the 3rd quarter. CWM LLC now owns 1,491 shares of the specialty pharmaceutical company’s stock valued at $58,000 after acquiring an additional 736 shares in the last quarter. TD Private Client Wealth LLC boosted its position in Collegium Pharmaceutical by 39.5% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,707 shares of the specialty pharmaceutical company’s stock worth $66,000 after acquiring an additional 483 shares during the last quarter. Finally, Virtus Fund Advisers LLC acquired a new stake in shares of Collegium Pharmaceutical in the third quarter valued at approximately $72,000. Collegium Pharmaceutical Stock Down 1.3 % Collegium Pharmaceutical stock opened at $29.11 on Friday. The company has a debt-to-equity ratio of 3.43, a current ratio of 0.97 and a quick ratio of 0.88. The company’s 50-day moving average is $31.53 and its 200-day moving average is $34.18. The firm has a market capitalization of $938.80 million, a PE ratio of 12.55 and a beta of 0.80. Collegium Pharmaceutical, Inc. has a fifty-two week low of $28.75 and a fifty-two week high of $42.29. Analyst Upgrades and Downgrades Get Our Latest Stock Report on COLL About Collegium Pharmaceutical ( Free Report ) Collegium Pharmaceutical, Inc, a specialty pharmaceutical company, engages in the development and commercialization of medicines for pain management. Its portfolio includes Xtampza ER, an abuse-deterrent, extended-release, and oral formulation of oxycodone for the management of pain severe enough to require daily, around-the-clock, long-term opioid treatment; Nucynta ER and Nucynta IR, which are extended-release and immediate-release formulations of tapentadol, indicated for the management of acute, severe, and persistent pain; Belbuca, a buccal film that contains buprenorphine; and Symproic, an oral formulation of naldemedine for the treatment of opioid-induced constipation in adult patients with chronic non-cancer pain. Recommended Stories Five stocks we like better than Collegium Pharmaceutical Stock Market Holidays 2022-2025 – Here’s When the NYSE and NASDAQ Will be Closed Buffett Takes the Bait; Berkshire Buys More Oxy in December Are Penny Stocks a Good Fit for Your Portfolio? Top 3 ETFs to Hedge Against Inflation in 2025 How to Invest in Insurance Companies: A Guide These 3 Chip Stock Kings Are Still Buys for 2025 Want to see what other hedge funds are holding COLL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Collegium Pharmaceutical, Inc. ( NASDAQ:COLL – Free Report ). Receive News & Ratings for Collegium Pharmaceutical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Collegium Pharmaceutical and related companies with MarketBeat.com's FREE daily email newsletter .
Pep Guardiola says rivals are ‘taking the p*** out of us’ as Man City boss admits he is losing sleep over horror run
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Retailers coax Black Friday shoppers into stores with big discounts and giveaways NEW YORK (AP) — Retailers in the U.S. have used giveaways and bigger-than expected discounts to reward shoppers who ventured out on Black Friday. The day after Thanksgiving still reigns for now as the unofficial kickoff of the holiday shopping season even if it’s lost some luster. Analysts reported seeing the biggest crowds at stores that offered real savings. They say many shoppers are being cautious with their discretionary spending despite the easing of inflation. Stores are even more under the gun to get shoppers in to buy early and in bulk since there are five fewer days between Thanksgiving and Christmas this year. Online sales figures from Thanksgiving Day gave retailers a reason to remain hopeful for a lucrative end to the year. Southwest Airlines says it is ending cabin service earlier to reduce chance of injury Southwest Airlines is ending its cabin service earlier starting next month. Beginning on Dec. 4, a company spokesperson says flight attendants will begin preparing the cabin for landing at an altitude of 18,000 feet instead of 10,000 feet. The company says it's making the changes to reduce the risk of in-flight turbulence injuries. For passengers, that means they will need to return their seats to an upright position or do other pre-landing procedures earlier than before. While turbulence-related fatalities are quite rare, injuries have piled up over the years. Why your favorite catalogs are smaller this holiday season PORTLAND, Maine (AP) — While retailers hope to go big this holiday season, customers may notice that the catalogs arriving in their mailboxes are smaller. Many of the millions of catalogs getting sent to U.S. homes were scaled down to save on postage and paper. Some gift purveyors are sending out postcards. In a sign of the times, the American Catalog Mailers Association rebranded itself in May as the American Commerce Marketing Association. Despite no longer carrying an extended inventory of goods, industry experts say catalogs help retailers cut through the noise and still hold their own in value because of growing digital advertising costs. Canada's Trudeau returns home after Trump meeting without assurances that tariffs are off the table WEST PALM BEACH, Fla. (AP) — Canadian Prime Minister Justin Trudeau is returning home after his meeting with Donald Trump without assurances the president-elect will back away from threatened tariffs on all products from the major American trading partner. Trump says the dinner talks Friday night at his Mar-a-Lago club in Florida were “productive.” But he signaling no retreat from a pledge that Canada says unfairly lumps it in with Mexico over the flow of drugs and migrants into the United States. Trudeau spoke of “an excellent conversation” but offered no details. Trump said in a Truth Social post later Saturday that they discussed “many important topics that will require both Countries to work together to address.” Trump and Republicans in Congress eye an ambitious 100-day agenda, starting with tax cuts WASHINGTON (AP) — Republicans swept to power on Election Day and now control the House, the Senate and the White House, with plans for an ambitious 100-day agenda come January. Their to-do list includes extending tax breaks, cutting social programs, building the border wall to stop immigration and rolling back President Joe Biden's green energy policies. Atop that list is a plan to renew some $4 trillion in expiring tax cuts that were a signature domestic achievement of Republican Donald Trump’s first term as president. It's an issue that may define his return to the White House. The ruble's in a slump. For the Kremlin, that's a two-edged sword Russia’s ruble is sagging against other currencies, complicating the Kremlin’s efforts to keep consumer inflation under control with one hand even as it overheats the economy with spending on the war against Ukraine with the other. Over time a weaker ruble could mean higher prices for imports from China, Russia's main trade partner these days. President Vladimir Putin says things are under control. One wild card is sanctions against a key Russian bank that have disrupted foreign trade payments. If Russia finds a workaround for that, the ruble could regain some of its recent losses. Iceland votes for a new parliament after political disagreements force an early election REYKJAVIK, Iceland (AP) — Icelanders are electing a new parliament after disagreements over immigration, energy policy and the economy forced Prime Minister Bjarni Benediktsson to pull the plug on his coalition government and call early elections. This will be Iceland’s sixth general election since the 2008 financial crisis devastated the economy of the North Atlantic island nation and ushered in a new era of political instability. Opinion polls suggest the country may be in for another upheaval, with support for the three governing parties plunging. Benediktsson, who was named prime minister in April following the resignation of his predecessor, struggled to hold together the unlikely coalition of his conservative Independence Party with the centrist Progressive Party and the Left-Green Movement. Massachusetts lawmakers push for an effort to ban all tobacco sales over time BOSTON (AP) — A handful of Massachusetts lawmakers are hoping to persuade their colleagues to support a proposal that would make the state the first to adopt a ban meant to eliminate the use of tobacco products over time. Other locations have weighed similar “generational tobacco bans.” The bans phase out the use of tobacco products based not just on a person's age but on birth year. Lawmakers plan to file the proposal next year. If approved, the bill would set a date and ban the sale of tobacco to anyone born after that date forever, eventually banning all sales. Vietnam approves $67 billion high-speed railway project between Hanoi and Ho Chi Minh city HANOI, Vietnam (AP) — Vietnam has approved the construction of a high-speed railway connecting the capital Hanoi in the north with the financial capital of Ho Chi Minh in the south. It is expected to cost $67 billion and will stretch 1,541 kilometers (957 miles). The new train is expected to travel at speeds of up to 350 kph (217 mph), reducing the journey from the current 30 hours to just five hours. The decision was taken by Vietnam’s National Assembly on Saturday. Construction is expected to begin in 2027 and Vietnam hopes that the first trains will start operating by 2035. But the country has been beleaguered by delays to its previous infrastructure projects. Inflation rose to 2.3% in Europe. That won't stop the central bank from cutting interest rates FRANKFURT, Germany (AP) — Inflation in the 20 countries that use the euro currency rose in November — but that likely won’t stop the European Central Bank from cutting interest rates as the prospect of new U.S. tariffs from the incoming Trump administration adds to the gloom over weak growth. The European Union’s harmonized index of consumer prices rose 2.3 percent, up from 2.0% in October, according to EU statistics agency Eurostat. However, worries about growth mean the Dec. 12 ECB meeting is not about whether to cut rates, but by how much. Market buzz says there could be a larger than usual half-point cut in the benchmark rate, currently 3.25%.John Whelan: Irish exporters need political tranquillity
Not only are they delicious, but studies show eating a humble nut or three each day can . or signup to continue reading A recently published global study found daily nut consumption (bad cholesterol) and overall cholesterol, both contributors to heart disease. The 20-year study involved 113 clinical trials and more than 8000 people. A separate Monash University study involving almost 10,000 seniors found those who consumed nuts every day lived longer without dementia or disability. Despite these benefits, overall nut consumption in Australia remains low. Only 2 per cent of Australians meet the recommended daily intake of 30 grams of nuts per day and 60 per cent report not eating any nuts at all. Dietician and Nuts For Life program manager Belinda Neville explains how everyday Aussies can work more nuts into their life. Ms Neville said nut butters such as peanut butter, cashew butter or macadamia butter could help people reach their daily target. Chopped, sliced or ground nuts (nutmeal) can also be incorporated into home cooking. "Nuts are very versatile. They can be used in both sweet and savoury meals," Ms Neville said. Nuts can be incorporated into sweet treats such as cakes, muffins, biscuits or brownies, but go just as well when crushed to make a delicious satay sauce. They can be used to make protein balls, blended into smoothies, or even used to make nut mince. Ms Neville said nut mince didn't have to be seen as a replacement for minced meat. Nuts can be chopped finely, mixed with mushrooms and herbs, and then added to meat mince for a delicious and nutritious nutty hybrid. "It's a really great way of getting nuts into meals without necessarily thinking I need to eat my handful every day." Ms Neville said all nuts offer health benefits and are rich in healthy fats, dietary fibre, protein, antioxidants and plant sterols, which can help reduce cholesterol. There are some variations in the nutrients each nut offers - for example, almonds are high in vitamin E, while walnuts are high in omega 3 fatty acids. "Ideally we would recommend people have a variety of different nuts in their day, just like you'd recommend people have a variety of fruits and vegetables in their diets every day," she said. "Just to ensure that they get that balance and also to keep things interesting and exciting." Ms Neville said while treats such as salted or chocolate coated nuts were fine in moderation, they were best reserved for special occasions. "Some nuts [are] better than no nuts, but we'd recommend unsalted nuts where possible." "Australians' diets generally are quite poor and very high in what we call discretionary or junk foods. "So, where possible, we want to keep those types of foods to a minimum." As for roasted nuts, Ms Neville said they were fine. "There's been some research to suggest that roasted nuts don't really contain any more fat and they're not really going to have any adverse effects on health compared to raw nuts," she said. While the recommended daily intake is 30 grams a day, studies showed even smaller volumes of nuts offered health benefits. Any amount of nuts is better than none. Do you need some inspiration on how to work more nuts into your diet? Check out these delicious recipes. Prep time: 10 mins Cook time: 20 mins Serves four people 15 nuts per serve For the best results, leave your haloumi to cook low and slow! This is how you achieve the beautiful golden crunch on the outside and a gooey interior. Prep time: 15 mins Cook time: 30 mins Serving: Makes 9 pieces 30g nuts per serve When folding nuts into mixtures and batters, you can opt for raw nuts as they will crisp up during the baking process. . Hi, my name is Rowan Cowley and I'm a reporter for The Senior newspaper. I have special interests in the areas of entertainment, the arts and history and would like to hear from anyone who feels they have a good story idea. Hi, my name is Rowan Cowley and I'm a reporter for The Senior newspaper. I have special interests in the areas of entertainment, the arts and history and would like to hear from anyone who feels they have a good story idea. DAILY Today's top stories curated by our news team. WEEKDAYS Grab a quick bite of today's latest news from around the region and the nation. WEEKLY The latest news, results & expert analysis. WEEKDAYS Catch up on the news of the day and unwind with great reading for your evening. WEEKLY Get the editor's insights: what's happening & why it matters. WEEKLY Love footy? We've got all the action covered. WEEKLY Every Saturday and Tuesday, explore destinations deals, tips & travel writing to transport you around the globe. WEEKLY Going out or staying in? Find out what's on. WEEKDAYS Sharp. Close to the ground. 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Pep Guardiola says rivals are ‘taking the p*** out of us’ as Man City boss admits he is losing sleep over horror runTravel expert Gabe Saglie explains his top holiday travel tips on ‘Your World.’ Some people may want to consider being a bit more ... diplomatic. That's the overall assessment of commenters on a viral Reddit thread after a man described the experience of going for a nature hike with his brother while on vacation in Arizona — then shared his blunt response to a question his brother asked him after their hike was done. "I am a guy who, when I don't enjoy something, I'll tell you I don't," Reddit user "Ness_Lucas" wrote at the start of his post on the social media site a few days ago. FLIGHT PASSENGER CALLS OUT FELLOW FLYERS FOR BAD HABIT, SHARES FIX FOR PROBLEM As of Sunday, the post had accumulated over 6,000 reactions. He added, "But if I commit to something, I'll see it through to the end without complaining." A man described the experience of going for a nature hike with his brother (not pictured) while they were on vacation — and social media commenters had a field day with the account. (iStock) He said the issue "came to a head" when he was " on vacation with my older brother in Arizona, who wanted to do a lot of nature hikes." Wrote the man on Reddit, " Nature hikes are fine. I don't mind them, but I do dislike walking up large hills." "Walking uphill ... is very draining and leaves me sweaty." He added, "Walking downhill is the easiest thing ever. It's like being nature's passenger princess. You just put your foot forward and let gravity do all the work." ‘GATE LICE’ AND ‘SEAT SQUATTERS’ AMONG 2024'S MOST VIRAL TRAVEL TRENDS He went on, "Walking uphill, conversely, is very draining and leaves me sweaty." He continued, "I don't make a point to complain about something when I do it, so when I was walking uphill, despite not liking it much, I held [a] basic conversation with my brother." "When I was walking uphill, despite not liking it much, I held [a] basic conversation with my brother," wrote a man on social media as others weighed in on his dilemma. (iStock) However, once the pair began to head back down, the man said his brother "asked me if I was having fun — and I said no." He added, "Not because of any fault of my brother. I just didn't find the activity fun. Not even bad, just satisfactory." "I don't like it when people ask for my opinion and get upset when I give my honest answer." Later, when the brother was driving the Reddit poster to the airport for his flight home, the man said his brother told him, "If I ask you if you're having fun, don't say 'no.'" HOT TRAVEL TREND HAS PEOPLE PRIORITIZING WELLNESS, PHYSICAL ACTIVITIES: ‘KEEPS ME MENTALLY SHARP’ Wrote the Redditor, "I understand that it can be demoralizing to hear someone's not having fun." However, "I don't like it when people ask for my opinion and get upset when I give my honest answer," he said. "Sometimes in life you have to walk uphill to get to where you're going," wrote one responder on the viral Reddit thread. (iStock) "If I'm not having fun, I'll just say I'm not having fun." Responders on the Reddit page known as "Am I the a--hole" had a field day with the post — rendering their general assessment that the man was indeed the "a--hole" for the way he replied to his family member . "People want to hear that you're enjoying their company." Wrote one commenter in the top-rated response, "'It's been a fun day hanging with you, but, man, this hike is steep' [or] 'I'm looking forward to the downhill bit!' That's the sort of polite answer people are looking for." CLICK HERE TO SIGN UP FOR OUR LIFESTYLE NEWSLETTER The same person added, "You acknowledge you're enjoying your brother's company, which was what he was looking for, but you can also acknowledge the hike is hard/difficult etc. It doesn't matter how much the activity sucks — people want to hear that you're enjoying their company ." A man turned to Reddit for insights into his personal dilemma — and was blasted by most people for his blunt comments to his brother. (iStock) Another individual put it this way, responding to the first commenter, "Exactly! It's a small social nicety that expresses that 'I'm happy to spend time with you, even if I don't enjoy the activity.'" For more Lifestyle articles, visit www.foxnews.com/lifestyle Yet another person said pointedly, "You are perched on your self-anointed pedestal and expecting everyone to treat you like a little princess. Your brother probably regrets ever going on a hike with you. Sometimes in life you have to walk uphill to get to where you're going." CLICK HERE TO GET THE FOX NEWS APP A different commenter let the Reddit poster off the hook but shared this suggestion: "Not everyone is into hiking. That's a personal choice. But a better option would be to talk with your brother and compromise on doing something you will BOTH enjoy." Fox News Digital reached out to a psychologist for thoughts. Maureen Mackey is managing editor of lifestyle at Fox News Digital.Josh Allen showed extreme trust in Amari Cooper in the Buffalo Bills’ 40-14 blowout victory over the New York Jets on Sunday. On a 30-yard touchdown pass in the third quarter that broke the game open, Cooper was covered. But the Bills’ quarterback threw the ball anyway, and the veteran receiver came down with an outstanding catch that gave the Bills a 19-0 lead. Buffalo Bills wide receiver Amari Cooper (18) makes a catch against New York Jets cornerback Brandin Echols (26) in the end zone for a touchdown during the third quarter at Highmark Stadium in Orchard Park, Sunday, Dec. 29, 2024. “Josh knows just the type of ball to throw in those situations, and he threw it up and I came down with it,” Cooper said in the locker room afterward. Here’s a review of key plays from the Bills’ win, starting with Cooper’s catch: Cooper ran a fake post and go up the right sideline against Jets cornerback Brandin Echols. But Echols, playing in place of injured starter Sauce Gardner, didn’t bite on Cooper’s fake to the middle of the field. Photos: Buffalo Bills dominate New York Jets 40-14 “Honestly, I’ve ran that route hundreds of times at this point,” Cooper said. “Generally, when the corner doesn’t bite on it, the quarterback just comes off of you and throws it somewhere else. When I saw the corner didn’t bite ... I wasn’t jogging, but I was like, ‘OK, he’s going to come off of me.’ Something told me, 'OK, he’s about to throw it,' so I sped up a little bit. It was just a routine catch, really, as far as high-pointing the ball. It was something I learned to do as a youngin', for sure.” Watching Cooper twist his body in the air to the outside and pluck the ball, not everyone thought it was a routine catch. “I put my hands on my head and just started yelling,” Bills receiver Khalil Shakir said. “Just to see those type of plays, it’s amazing. I was speechless in the moment, because it was such a great play.” Recapping the Buffalo Bills' rout of the New York Jets to clinch the No. 2 seed The Jets had just one safety deep, Chuck Clark, and he had no chance to get to the sideline to help. “Yeah, we had a little double-move; they played post high, and I saw what I thought was a favorable matchup and just gave him an opportunity,” Allen said. “Too many times this year I've tried to throw a perfect ball and lead him and then get it right in his hands. Just kind of made a concerted effort over the last week or two to give them opportunities – especially him and (Keon Coleman, No.) 0 – give them opportunities on some of these fade balls. And he just did what Amari does.” Added Cooper: “That’s the type of quarterback he is: He’s going to give you an opportunity. Every quarterback isn’t that way for some reason. I am grateful for that. I’ve just got to continue to show that I’ll come down and make these plays.” Allen gave Coleman a chance to make a play late in the third quarter when he lobbed up a cross-field throw while scrambling out of the pocket to the right. Cooper out-leaped Jets linebacker Quincy Williams for the 14-yard touchdown, which gave the Bills a 33-0 lead. It might have been an ill-advised throw if Allen had not thrown the ball so high. It took a big leap by Coleman, or the ball would have gone out of the end zone. Coleman was running a shallow crossing route against cornerback D.J. Reed but broke deep to the end zone when he saw Allen scrambling. Running back Ty Johnson was running a sideline route in the left flat and also broke to the end zone. Johnson was behind Coleman in the end zone, which is why Williams was in Coleman’s vicinity. “I was pointing at him, and I threw it and I felt, in the corner of my eye, Ty Johnson, and I think Quincy Williams over there,” Allen said. “And I was like, 'Oh, shoot, they're going to be both in the same spot.' But, you know, that's the reason why we drafted (No.) 0 – to go up and make plays like that – and he made a heck of a play.” Observations: Buffalo Bills' defense feasts on disinterested New York Jets team in blowout win Coleman said he saw Allen scramble and, in his words, “just tried to be QB-friendly. He went all the way to the right. He told me go back that way. I went back and he let it go. “I just checked to see who was right there,” Coleman said of Williams. “The only thing going through my head jumping was that they would have to undercut me to get the ball out of my hands.” The Jets’ woeful situation at offensive tackle cost them on the safety by A.J. Epenesa late in the second quarter. Give defensive coordinator Bobby Babich some credit, too. The Bills threatened a double-A gap blitz, with both linebackers (Terrel Bernard and Matt Milano) lined up over the gaps on either side of the center. But at the snap, Bernard and Milano dropped out into coverage. The Jets’ offensive line was concerned about protecting up the middle, and that fouled up the protection on the outside. Left tackle Max Mitchell looked toward Ed Oliver first before looking outside at Epenesa. By that point, Epenesa was unblocked off the edge and sacked Aaron Rodgers in the end zone for an easy safety. The Bills rushed only four men on the play. That put the Bills up 9-0. “It puts them in a tough spot,” Epenesa said of the fake blitz. “It looks like we’re bringing more than they can block. They’ve got to make a decision. Someone’s gotta come free. It puts them in a tough spot and it makes them play on our terms. So that’s kind of the way we’d like to do it.” Mitchell, making his first start of the season, was Plan C for the Jets at left tackle. They started the season with 34-year-old, injury-prone Tyron Smith. He lasted 10 starts before going on injured reserve. Rookie first-round draft pick Ola Fashanu replaced Smith but went on injured reserve this week with a foot injury. That left Mitchell, a third-year backup, to take over. The Bills attacked a two-deep look on the key play of their opening scoring drive. It was a third-and-13 from the Buffalo 47 after Spencer Brown had been called for a chintzy holding penalty, which wiped out a 37-yard pass to Coleman. The Bills sent Shakir on a route up the deep middle of the field, attracting the attention of both deep safeties, Clark and Tony Adams. The Jets actually were in a four-deep quarters coverage, so there were no linebackers in the middle of the field. Mack Hollins came running behind Shakir and was wide-open because the Jets’ linebackers were matched up on receivers in the flats. It was a perfect play for the Jets’ defense and a 23-yard gain to the Jets’ 30. Dion Dawkins blocked up Hasson Reddick on the edge, and center Connor McGovern rode defensive tackle Quinnen Williams deep in the pocket past Allen. Sent weekly directly to your inbox!
Share pledging, where corporate insiders uses shares as collateral for personal loans, has been at the heart of several high-profile corporate scandals in recent years. One of the most notorious cases was the 2002 WorldCom accounting fraud scandal . From 1999 to 2002, the U.S.-based telecom company inflated profits to maintain its stock price. The scandal was largely driven by the former CEO Bernard Ebbers’ attempts to avoid costly margin calls on his pledged shares. A similar scenario unfolded in China when Leshi Internet Information and Technology and its founder, Jia Yueting, were fined US$73.6 million for financial fraud committed from 2007 to 2016. Yueting had pledged 97 per cent of his shares to secure funding for his U.S.-backed company, Faraday Future. To look deeper at this issue, my co-researchers and I analyzed 3,401 Chinese firms from 2003 to 2020 , since Chinese controlling shareholders predominately pledge their shares. Our research found a trouble connection between share pledging by controlling shareholders and the likelihood of corporate misconduct. Our research found that when controlling shareholders engage in pledging, it increases the probability of corporate misconduct. This relationship held true across various types of misconduct and persisted regardless of the severity of penalties imposed. Share pledging Corporate insiders frequently pledge their shares as collateral to secure loans for personal investments and other private benefits. In the U.S., 19 per cent of S&P 1500 firms had insider share pledging , and the average pledging ratio reached 37 per cent in 2012. A notable example is Elon Musk, CEO of Tesla, who pledged 58 per cent of his Tesla shares in 2023 as collateral to secure personal loans . The trend extends to other developed markets like Australia, Hong Kong, Singapore and the United Kingdom. In western Europe, pledging is common in a number of countries, including Austria, France, Germany, Ireland, Italy, Norway, Portugal and Spain, and among others. In developing markets like India and Taiwan, between 35 and 50 per cent of publicly listed firms have controlling shareholders who pledge shares. In China, 66 per cent of controlling shareholders pledged their shares between 2003 and 2017, with the value of insider share-pledged loans surging from RMB$26.22 billion (Chinese Yuan) in 2003 to RMB$2.9 trillion in 2017. Controlling shareholders , which typically hold at least 50 per cent of voting shares, have significant power over firms. Minority shareholders, on the other hand, receive poor legal protection under concentrated corporate ownership. Concentrated ownership is prevalent in developing markets , particularly in East Asia where more than two-thirds of corporations have only a single large shareholder . Impacts of deregulation A pivotal shift occurred on May 24, 2013, when the Shanghai and Shenzhen Stock Exchanges, along with the China Securities Depository and Clearing Corporation, introduced new measures that allowed securities companies to offer funding for share pledgers through the stock exchange trading system. Before this, share pledging was limited to banks and trusts operating in the over-the-counter market. Securities companies made pledging more accessible by offering lower interest rates, fewer restrictions on loan usage and faster approvals. While the deregulation did not target misconduct by securities firms, it created a unique environment for analyzing the causal link between share pledging by controlling shareholders and corporate misconduct. This is what our research looked at. We found that firms located in Chinese provinces with more securities firms (treatment firms) were expected to have greater access to share pledging compared to firms in provinces with fewer securities firms (control firms). Our results confirmed that firms with pledging controlling shareholders were more likely to engage in misconduct following the 2013 deregulation. Prior to 2013, treated and control firms showed no significant differences. However, from 2015 onward, firms in provinces with more securities firms demonstrate an increased likelihood of misconduct compared to firms in provinces with fewer securities firms. This relationship was primarily driven by factors such as financial constraints, stock price inflation, avoidance of margin calls (demands from a broker to fund one’s margin account), and expropriation under weak corporate governance. Factors like political connections, share repurchases and increased bank monitoring didn’t contribute to the link between share pledging and corporate misconduct. Building better financial systems Although our study is based on data from China, its findings offer critical insights for countries beyond its borders. The findings are particularly relevant for countries in Asia, western Europe, and Latin America where controlling shareholders play a dominant role in corporate structures . The study’s conclusions also hold significance for North America, where financial institutions like pension funds and mutual funds invest portions of their portfolios in emerging markets. For instance, the Ontario Teachers’ Pension Plan has strong momentum in Asia and continues to invest in markets in China . The Canada Pension Plan Investment Board reported that 9.8 per cent of its total fund was invested in China in March 2024. These institutions should consider governance risks associated with share pledging when developing their investment strategies. For regulators, our study underscores the importance of monitoring the growing influence of share pledging and its potential to exacerbate corporate misconduct. Weak governance structures can allow controlling shareholders to exploit the system, and strengthened oversight and tailored regulations are needed to alleviate these risks. Institutional and retail investors can likewise benefit from the study’s findings, using them to make investment decisions from the perspective of corporate governance. As markets become increasingly integrated, the importance of assessing governance risks associated with share pledging grows. Our research serves as a vital resource for policymakers and regulators who want to maintain ethical, robust financial systems.The leader of Sinn Fein has expressed determination to form a government of the left in Ireland as she insisted her party’s performance in the General Election had broken the state’s political mould. Despite Mary Lou McDonald’s confidence around shaping a coalition without Fine Gael and Fianna Fail – the two parties that have dominated the landscape of Irish politics for a century – the pathway to government for Sinn Fein still appears challenging. With counting following Friday’s election still in the relatively early stages – after an exit poll that showed the main three parties effectively neck-and-neck – there is some way to go before the final picture emerges and the options for government formation crystalise. Taoiseach and Fine Gael leader, Simon Harris, has dismissed talk of a Sinn Fein surge and said he was “cautiously optimistic” about where his party will stand after all the votes are counted. Meanwhile, Ireland’s deputy premier and Fianna Fail leader, Micheal Martin, insisted his party has a “very clear route back to government” as he predicted seat gains. The counting process could last days because of Ireland’s complex system of proportional representation with a single transferable vote (PR-STV), where candidates are ranked by preference. The early indications have turned the focus to the tricky arithmetic of government formation, as the country’s several smaller parties and many independents potentially jockey for a place in government. Ms McDonald told reporters at the RDS count centre in Dublin that she would be “very, very actively pursuing” the potential to form a government with other parties on the left of the political spectrum. The smaller, left-leaning parties in Ireland include the Social Democrats, the Irish Labour Party, the Green Party and People Before Profit-Solidarity. Ms McDonald said her party had delivered an “incredible performance” in the election. “I think it’s fair to say that we have now confirmed that we have broken the political mould here in this state,” she said. “Two party politics is now gone. It’s consigned to the dustbin of history and that, in itself, is very significant.” She added: “I am looking to bring about a government of change, and I’m going to go and look at all formulations. “If you want my bottom line, the idea of Fianna Fail and Fine Gael for another five years, in our strong opinion, is not a good outcome for Irish society. “Obviously, I want to talk to other parties of the left and those that we share very significant policy objectives with. So I’m going to do that first and just hear their mind, hear their thinking. But be very clear, we will be very, very actively pursuing entrance into government.” In Friday night’s exit poll, Sinn Fein was predicted to take 21.1% of first-preference votes, narrowly ahead of outgoing coalition partners Fine Gael and Fianna Fail at 21% and 19.5% respectively. Prior to the election, Fianna Fail and Fine Gael both ruled out entering government with Sinn Fein. Fine Gael leader Mr Harris rejected suggestions Sinn Fein had broken new ground. He told reporters in his count centre in Greystones, Co Wicklow: “Certainly we haven’t seen a Sinn Fein surge or anything like it. “I mean, it looks likely, on the figures that we’ve seen now, fewer people, many fewer people would have voted Sinn Fein in this election than the last one. “In fact, I think they’re down by around 5% and actually the parties, particularly the two parties, the two larger parties in government, are likely to receive significant support from the electorate. So definitely, politics in Ireland has gotten much more fragmented.” He said it was too early to tell what the next government would look like. “I think anybody who makes any suggestion about who is going to be the largest party or the construct of the next government, they’re a braver person than I am,” he said. “Our electoral system dictates that there’ll be many, many transfers that will go on for hours, if not days, before we know the final computations at all. “But what I am very confident about is that my party will have a very significant role to play in the years ahead, and I’m cautiously optimistic and excited.” Fianna Fail’s Mr Martin told reporters at a count centre in Cork he was confident that the numbers exist to form a government with parties that shared his political viewpoint. Mr Martin said it “remains to be seen” whether he would return to the role of Taoiseach – a position he held between 2020 and 2022 – but he expressed confidence his party would outperform the exit poll prediction. “It’s a bit too early yet to call the exact type of government that will be formed or the composition of the next government,” he said. “But I think there are, there will be a sufficiency of seats, it seems to me, that aligns with the core principles that I articulated at the outset of this campaign and throughout the campaign, around the pro-enterprise economy, around a positively pro-European position, a government that will strongly push for home ownership and around parties that are transparently democratic in how they conduct their affairs.” Asked if it would be in a coalition with Fianna Fail, Fine Gael and the Social Democrats, he said that would be “racing a bit too far ahead”. The final result may dictate that if Fianna Fail and Fine Gael are to return to government, they may need more than one junior partner, or potentially the buy-in of several independent TDs. Mr Martin said it was unclear how quickly a government can be formed, as he predicted his party would gain new seats. “It will be challenging. This is not easy,” he added. The junior partner in the outgoing government – the Green Party – looks set for a bruising set of results. Green leader Roderic O’Gorman is in a fight to hold onto his seat, as are a number of party colleagues, including Media Minister Catherine Martin. “It’s clear the Green Party has not had a good day,” he said. The early counting also suggested potential trouble for Fianna Fail in Wicklow, where the party’s only candidate in the constituency, Health Minister Stephen Donnelly, is considered to have a battle ahead, with the risk of losing his seat. Meanwhile, there is significant focus on independent candidate Gerard Hutch who, on Saturday evening, was sitting in fourth place in the four-seat constituency of Dublin Central. Last spring, Mr Hutch was found not guilty by the non-jury Special Criminal Court of the murder of David Byrne, in one of the first deadly attacks of the Hutch-Kinahan gangland feud. Mr Byrne, 33, died after being shot six times at a crowded boxing weigh-in event at the Regency Hotel in February 2016. A Special Criminal Court judge described Mr Hutch, 61, as the patriarchal figurehead of the Hutch criminal organisation and said he had engaged in “serious criminal conduct”. The constituency will be closely watched as other hopefuls wait to see if transfers from eliminated candidates may eventually rule him out of contention. In the constituency of Louth, the much-criticised selection of John McGahon appeared not to have paid off for Fine Gael. The party’s campaign was beset by questioning over footage entering the public domain of the candidate engaged in a fight outside a pub in 2018. The Social Democrats have a strong chance of emerging as the largest of the smaller parties. The party’s leader, Holly Cairns, was already celebrating before a single vote was counted however, having announced the birth of her baby girl on polling day.As data centers proliferate, conflict with local communities follows
'He can't resist chaos': Critics reject 'wishful thinking' about Trump's second termRepresentative image NEW DELHI: The Unified Payments Interface (UPI), since its launch in 2016, has vastly transformed financial access in the country, enabling 300 million individuals and 50 million merchants to perform seamless digital transactions, and till October last year, 75% of all retail digital payments in India were made through UPI, according to a research paper released on Saturday. "Within a short span, UPI led to exponential penetration of digital payments across India and is used at all levels from street vendors to large shopping malls," says the paper, prepared by IIM and ISB professors The paper says that UPI has enabled underserved groups, including subprime and new-to-credit borrowers, to access formal credit for the first time. "In regions with high UPI adoption, loans to new-to-credit borrowers grew by 4%, and to subprime borrowers by 8%," the paper said, adding the average size of a fintech loan was Rs 27,778 - about seven times the rural monthly expenditure. The authors said fintech lenders scaled rapidly, increasing their loan volumes 77 times, far outpacing traditional banks in catering to smaller, underserved borrowers. The rapid adoption of UPI was possible due to affordable internet across the country. "The affordability of digital technology played a critical role, enabling widespread UPI adoption in rural and urban areas alike," according to the paper. The authors highlighted how credit growth was aided by UPI adoption. It said that a 10% increase in UPI transactions led to a 7% rise in credit availability, reflecting how digital financial histories enabled lenders to assess borrowers better. "Between 2015 and 2019, fintech loans to subprime borrowers grew to match those of banks, with fintechs thriving in high UPI-usage areas," the paper said. It also highlighted the fact that despite the credit surge, default rates did not rise. This demonstrated that UPI-enabled digital transaction data helped lenders expand responsibly. The authors said the success of UPI has global implications and India could play a leading role in helping other countries adopt the technology. Stay ahead in business with The Times of India . Check out Financial Calculators like SIP , PPF , FD , NPS and Mutual Fund Calculators.
NASHVILLE, Tenn. — Married couples across the U.S. have had access to no-fault divorce for more than 50 years, an option many call crucial to supporting domestic abuse victims and key to preventing already crowded family courts from drowning in complicated divorce proceedings. But some advocates for women worried as old comments from now Vice President-elect JD Vance circulated during the presidential campaign opposing no-fault divorce. After President-elect Donald Trump and Vance won the election, warnings began popping up on social media urging women who might be considering divorce to "pull the trigger" while they still could. Some attorneys posted saying they saw a spike in calls from women seeking divorce consultations. Donald and Ivana Trump pose in May 1988 outside the Federal Courthouse in New York after she was sworn in as a United States citizen. Trump — who is twice-divorced — hasn't championed overhauling the country's divorce laws, but in 2021 Vance lamented that divorce is too easily accessible, as have conservative podcasters and others. "We've run this experiment in real time and what we have is a lot of very, very real family dysfunction that's making our kids unhappy," Vance said during a speech at a Christian high school in California, where he criticized people being able to "shift spouses like they change their underwear." Marriage rates held steady but divorce rates of women age 15 and older declined from 2012 to 2022, according to U.S. Census Bureau data released in October. Despite concerns, even those who want to make divorces harder to get say they don't expect big, swift changes. There is not a national coordinated effort underway. States determine their own divorce laws, so national leaders can't directly change policy. "Even in some of the so-called red states, it hasn't gotten anywhere," said Beverly Willett, co-chair of the Coalition for Divorce Reform, whose group unsuccessfully attempted to convince states to repeal their no-fault divorce laws. A couple exchanges wedding bands Oct. 11, 2018, at City Hall in Philadelphia. Mark A. Smith, a political science professor at the University of Washington, said while many Americans became accustomed to no-fault divorce being an option, Vance's previous comments on making it more difficult to separate from a spouse could help jump-start that effort. "Even though he's not directly proposing a policy, it's a topic that hasn't gotten a ton of discussion in the last 15 years," Smith said. "And so to have a national profile politician talk that way is noteworthy." Meanwhile, Republican Party platforms in Texas and Nebraska were amended in 2022 to call for the removal of no-fault divorce. Louisiana's Republican Party considered something similar this year but declined to do so. A handful of proposals were introduced in conservative-led statehouses over the years, but all immediately stalled after they were filed. In January, Oklahoma Republican Sen. Dusty Deevers introduced legislation that would have removed married couples from filing for divorce on the grounds of incompatibility. Deevers backed the bill after writing a piece declaring no-fault divorce was an "abolition of marital obligation." Sen. JD Vance smiles as his wife Usha Vance applauds Nov. 6 at an election-night watch party at the Palm Beach Convention Center in West Palm Beach, Fla. Similarly, in South Carolina, two Republican lawmakers in 2023 filed a bill that would have required both spouses to file for a no-fault divorce application rather than just one. In South Dakota, a Republican lawmaker attempted to remove irreconcilable difference as grounds for divorce since 2020. None of the sponsors of these bills responded to interview requests from The Associated Press. All are members of their state's conservative Freedom Caucus. Nevertheless, some Democratic lawmakers say they remain worried about the future of no-fault divorce. They point to the U.S. Supreme Court overturning the constitutional right to abortion in 2022 as an example of a long-accepted option that was revoked through a decades-long effort. "When you choose to be silent, you allow for this to creep in," said Democratic South Dakota Rep. Linda Duba. "These are the bills that gain a foothold because you choose to be silent." Before California became the first state to adopt a no-fault divorce option in 1969, married couples had to prove their spouse violated one of the approved "faults" outlined in their state's divorce law or risk a judge denying their divorce, said Joanna Grossman, a law professor at Southern Methodist University in Dallas. Qualified reasons varied from state to state, but largely included infidelity, incarceration or abandonment. Donald and Marla Trump wave to photographers Dec. 20, 1993, as they enter their wedding reception in New York's Plaza Hotel. The system was a particular burden on domestic violence victims, who are often women who could be stuck in dangerous marriages while they try to prove their partner's abuse in court through expensive and lengthy legal proceedings. "If there was any evidence that the couple both wanted to get divorced that was supposed to be denied because divorce was not something you got because you wanted it, it was something you got because you've been wronged in a way that the state thought was significant," Grossman said. To date, every state in the U.S. adopted a no-fault divorce option. However, 33 states still have a list of approved "faults" to file as grounds for divorce — ranging from adultery to felony conviction. In 17 states, married people only have the option of choosing no-fault divorce to end their marriages. The link between rates of divorce and age at first marriage has been borne out over time, but it also explains geographic differences in rates of divorce. Today, most of the states with the lowest rates of divorce are also those with a higher median age for marriage. States like New Jersey, New York, California, and Massachusetts all stand out for having fewer than 10% of adults divorced and an age at first marriage above 30. One exception to this is Utah, which has the lowest overall median age for first marriage at 25.5 but also the third-lowest share of divorced adults at 9%, likely due in part to the state’s strong religious ties to the Church of Jesus Christ of Latter-day Saints . In contrast, Maine and Nevada lead all states in the share of the population currently divorced at 13.9% and 13.8%, respectively. And at the local level, many of the cities with the highest levels of divorce are found in Florida, Appalachia, and the Southwest. The data used in this analysis is from the U.S. Census Bureau’s 2020 American Community Survey . To determine the most divorced locations, researchers at ChamberOfCommerce.org calculated the percentage of adults currently divorced. In the event of a tie, the location with the higher percentage of adults currently separated was ranked higher. To improve relevance, only cities with at least 100,000 residents were included. Additionally, cities were grouped into cohorts based on population size: small (100,000–149,999), midsize (150,000–349,999), and large (350,000 or more). Here are the most divorced cities in the U.S. Photo Credit: Jacob Boomsma / Shutterstock Photo Credit: Sean Pavone / Shutterstock Photo Credit: Sean Pavone / Shutterstock Photo Credit: photo.ua / Shutterstock Photo Credit: Jonny Trego / Shutterstock Photo Credit: Tupungato / Shutterstock Photo Credit: Sean Pavone / Shutterstock Photo Credit: Kevin J King / Shutterstock Photo Credit: Sean Pavone / Shutterstock Photo Credit: Galina Savina / Shutterstock Photo Credit: f11photo / Shutterstock Photo Credit: CHARLES MORRA / Shutterstock Photo Credit: LHBLLC / Shutterstock Photo Credit: Valiik30 / Shutterstock Photo Credit: turtix / Shutterstock Stay up-to-date on the latest in local and national government and political topics with our newsletter.Sinn Fein actively pursuing route into government, insists leader McDonald