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LPETTET Donald Trump’s decisive victory over Kamala Harris in the recent U.S. Presidential election has significantly impacted the markets. Bitcoin ( BTC-USD ) has soared to all-time highs, and tech stocks like Tesla ( TSLA ) have boomed in response Samuel Smith has a diverse background that includes being lead analyst and Vice President at several highly regarded dividend stock research firms and running his own dividend investing YouTube channel. He is a Professional Engineer and Project Management Professional and holds a B.S. in Civil Engineering & Mathematics from the United States Military Academy at West Point and has a Masters in Engineering with a focus on applied mathematics and machine learning. Samuel leads the High Yield Investor investing group. Samuel teams up with Jussi Askola and Paul R. Drake where they focus on finding the right balance between safety, growth, yield, and value. High Yield Investor offers real-money core, retirement, and international portfolios. The service also features regular trade alerts, educational content, and an active chat room of like-minded investors. Learn more Analyst’s Disclosure: I/we have a beneficial long position in the shares of GLD, SLV, WPC, BIP, BEP, EPD, WES either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Gee's Clippers turkey giveaway helped feed hundreds for Thanksgiving
The beloved actor known for roles in "The Golden Girls," "The Mary Tyler Moore Show," "Boston Legal" and others will be on a 2025 Forever stamp, USPS announced this past week. White died in late December 2021 , less than three weeks before her 100th birthday. The Postal Service hasn't announced a release date for the stamp. “An icon of American television, Betty White (1922–2021) shared her wit and warmth with viewers for seven decades,” the Postal Service said in announcing the stamp, which depicts a smiling White based on a 2010 photograph by celebrity photographer Kwaku Alston . “The comedic actor, who gained younger generations of fans as she entered her 90s, was also revered as a compassionate advocate for animals.” Boston-based artist Dale Stephanos created the digital illustration from Alston's photo. "I'd love to send a letter back to my 18-year-old self with this stamp on it and tell him that everything is going to be OK," Stephanos posted on Facebook . Regardless of personal politics, self-proclaimed supporters of Republican President-elect Donald Trump and Democratic Vice President Kamala Harris reacted with delight on social media. "Betty White was my hero, all of my life! I actually had a doll when I was a little girl I named Betty White," one Trump supporter posted on X , formerly Twitter. “Something to make this awful week a little better: We’re getting a Betty White stamp,” a pro-Harris X account posted. White combined a wholesome image with a flare for bawdy jokes . Her television career began in the early 1950s and exploded as she aged. “The only SNL host I ever saw get a standing ovation at the after party," Seth Meyers posted on Twitter after her death. "A party at which she ordered a vodka and a hotdog and stayed til the bitter end.”NEW YORK , Nov. 25, 2024 /CNW/ - Galaxy Digital Holdings Ltd. GLXY ("GDH Ltd." or the "Company") is pleased to announce that Galaxy Digital Holdings LP (the "Issuer," and together with GDH Ltd., "Galaxy") has closed its previously announced offering of $402.5 million aggregate principal amount of 2.50% exchangeable senior notes due 2029 (the "Notes"), after the exercise in full by the initial purchasers of the Notes of an option to purchase up to an additional $52.5 million aggregate principal amount of the Notes. The Issuer intends to use the net proceeds from the offering to support the build-out of high-performance computing infrastructure at its Helios data center in West Texas and for general corporate purposes, including potential repurchases of its existing indebtedness. As previously announced, the Company's board of directors has approved a proposed corporate reorganization (the "Reorganization") whereby Galaxy intends to consummate a series of related transactions in connection with its re-domiciliation to the United States , as a result of which the ordinary shares of GDH Ltd. ("ordinary shares") outstanding immediately prior to such transactions will automatically convert into shares of Class A common stock (the "Class A shares," and, together with ordinary shares, the "Common Stock") of Galaxy Digital Inc., a Delaware holding company ("GDI"). Prior to September 1, 2029 , the Notes are exchangeable only upon satisfaction of certain conditions and only during certain periods, and thereafter, the Notes will be exchangeable at any time prior to the close of business on the second scheduled trading day immediately preceding the maturity date. The Notes are exchangeable on the terms set forth in the indenture for the Notes into cash, ordinary shares if the exchange occurs prior to the Reorganization or Class A shares if the exchange occurs after the Reorganization, or a combination of cash and ordinary shares or Class A shares, as applicable, in each case, at the Issuer's election. The exchange rate is initially 10,497.5856 shares of Common Stock per $250,000 principal amount of Notes, equivalent to an initial exchange price of approximately USD$23.81 ( CAD$33.30 equivalent based on the November 20, 2024 exchange rate) per share of Common Stock. The initial exchange price of the Notes represents a premium of approximately 37.50% to the CAD$24.22 closing price of the ordinary shares on the TSX on November 20, 2024 , the pricing date. The exchange rate is subject to adjustment in some events. In addition, following certain corporate events that occur prior to the maturity date or the Issuer's delivery of a notice of redemption, the Issuer will increase, in certain circumstances, the exchange rate for a holder who elects to exchange its Notes in connection with such a corporate event or a notice of redemption, as the case may be. The Notes are general unsecured obligations of the Issuer, will accrue interest at a rate of 2.50% per year, payable semi-annually in arrears on June 1 and December 1 of each year, beginning on June 1, 2025 . The Notes will mature on December 1, 2029 , unless earlier repurchased, redeemed or exchanged. The Notes are not redeemable by the Issuer at any time before December 6, 2027 , except in certain circumstances set forth in the indenture. The Notes will be redeemable, in whole or in part, for cash at the Issuer's election at any time, and from time to time, on or after December 6, 2027 and prior to the 41st scheduled trading immediately before the maturity date, but only if the last reported sale price per Common Stock exceeds 130% of the exchange price for a specified period of time. The redemption price for any Note called for redemption will be the principal amount of such Note plus accrued and unpaid interest on such Note to, but not including, the redemption date. If a "fundamental change" (as defined in the indenture) occurs, then, subject to certain conditions, noteholders may require the Issuer to repurchase their Notes for cash. The repurchase price will be equal to the principal amount of the Notes to be repurchased, plus accrued and unpaid interest, if any, to, but not including, the applicable repurchase date. The Notes and any Common Stock issuable or deliverable upon exchange of the Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or any applicable state or foreign securities laws, or qualified by a prospectus in Canada . The Notes and any Common Stock issuable or deliverable upon exchange of the Notes may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from registration under the Securities Act. Following the Reorganization and subject to certain conditions, holders of the Notes are expected to have the benefit under a registration rights agreement to require GDI to register the resale of any Class A shares issuable upon exchange of the Notes on a shelf registration statement to be filed with the U.S. Securities and Exchange Commission. This news release is neither an offer to sell nor the solicitation of an offer to buy the Notes or any other securities and shall not constitute an offer to sell or solicitation of an offer to buy, or a sale of, the Notes or any other securities in any jurisdiction in which such offer, solicitation or sale is unlawful. Cautionary Statement Concerning Forward-Looking Statements The information in this press release may contain forward looking information or forward looking statements, including under Canadian securities laws (collectively, "forward-looking statements"). Our forward-looking statements include, but are not limited to, statements regarding the use of proceeds from the offering, our or our management team's expectations, hopes, beliefs, intentions or strategies regarding the future. Statements that are not historical facts, including statements about Galaxy's business pipelines for banking, expectations for increased load capacity at the Helios site, mining goals and our ability to capture adjacent opportunities, including in high-performance computing and the Helios transaction, focus on self-custody and validator solutions and our commitment to the future of decentralized networks and the pending Reorganization, and the parties, perspectives and expectations, are forward-looking statements. In addition, any statements that refer to estimates, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this document are based on our current expectations and beliefs concerning future developments and their potential effects on us taking into account information currently available to us. There can be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks include, but are not limited to: (1) the inability to complete the proposed Reorganization, due to the failure to obtain shareholder and stock exchange approvals, or otherwise; (2) changes to the proposed structure of the Reorganization that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining shareholder or stock exchange approval of the Reorganization; (3) the ability to meet and maintain listing standards following the consummation of the Reorganization; (4) the risk that the Reorganization disrupt current plans and operations; (5) costs related to the Reorganization, operations and strategy; (6) changes in applicable laws or regulations; (7) the possibility that Galaxy may be adversely affected by other economic, business, and/or competitive factors; (8) changes or events that impact the cryptocurrency industry, including potential regulation, that are out of our control; (9) the risk that our business will not grow in line with our expectations or continue on its current trajectory; (10) the possibility that our addressable market is smaller than we have anticipated and/or that we may not gain share of it; and (11) the possibility that there is a disruption in mining impacting our ability to achieve expected results or change in power dynamics impacting our results or our ability to increase load capacity; (12) any delay or failure to consummate the business mandates or achieve its pipeline goals in banking and Gk8; (13) liquidity or economic conditions impacting our business; (14) regulatory concerns, technological challenges, cyber incidents or exploits on decentralized networks; (15) the failure to enter into definitive agreements or otherwise complete the anticipated transactions with respect to the non-binding term sheet for Helios; (16) TSX approval of the offering and (17) those other risks contained in the Annual Information Forms for GDH Ltd. and the Issuer for the year ended December 31, 2023 available on their respective profiles at www.sedarplus.ca and their respective Management's Discussion and Analysis, filed on November 7, 2024 . Factors that could cause actual results to differ materially from those described in such forward-looking statements include, but are not limited to, a decline in the digital asset market or general economic conditions; the possibility that our addressable market is smaller than we have anticipated and/or that we may not gain share of the stated addressable market; the failure or delay in the adoption of digital assets and the blockchain ecosystem; a delay or failure in developing infrastructure for our business or our businesses achieving our banking and Gk8 mandates; delays or other challenges in the mining business related to hosting, power or our mining infrastructure, or our ability to capture adjacent opportunities; any challenges faced with respect to decentralized networks, considerations with respect to liquidity and capital planning and changes in applicable law or regulation and adverse regulatory developments. Should one or more of these risks or uncertainties materialize, they could cause our actual results to differ materially from the forward-looking statements. The forward-looking statements included in this press release are made only as of the date hereof. We are not undertaking any obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise. You should not take any statement regarding past trends or activities as a representation that the trends or activities will continue in the future. Accordingly, you should not put undue reliance on these statements. Other Disclaimers The TSX has neither approved nor disapproved the contents of this press release. SOURCE Galaxy Digital Holdings Ltd. View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2024/25/c8488.html © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Leaders of the Prairie provinces are urging Canada to act on American concerns over illegal cross-border traffic of people and drugs to stave off the . Alberta Premier Danielle Smith, Saskatchewan Premier Scott Moe, and Manitoba Premier Wab Kinew said Tuesday that Canada must do better to address the concerns of its largest trading partner. Incoming U.S. president Donald Trump promised Monday to impose the tariffs on his first day in office in January. He said he would keep the tariffs in place until Canada and Mexico stop illegal border crossings and prevent drugs such as fentanyl from entering the U.S. Kinew said 25 per cent tariffs would mean a recession for his province and that Canada needs to show the new U.S. administration it’s serious about security and tackling the drug crisis. He said it begins with Canada’s pledge to NATO allies to spend two per cent of its gross domestic product on defence by 2032. “First and foremost, (it’s about) hitting that target of two per cent spending on defence,” said Kinew. “That gets us in the game just to be taken seriously as a security partner with the U.S. If we don’t do it, it’s going to become a trade problem.” In a video posted to social media, Alberta’s premier said Canada needs to reach its pledged commitment on defence. “If their trade partners are looking to be free riders on American security interests, that’s also going to harm the relationship,” Smith said, adding, “You also have to take seriously the asylum seekers.” Smith added in another post that the incoming Trump administration has “valid concerns related to illegal activities” at the border. The U.S. is Alberta’s largest trading partner, with $188 billion in bilateral trade in 2023. Last year, energy products accounted for more than 80 per cent of that trade, or about $134 billion. Smith said the vast majority of Alberta’s energy exports to the U.S. are “delivered through secure and safe pipelines,” which “do not in any way contribute to these illegal activities.” In Saskatchewan, Moe said he understands Trump’s position on border security. “As Canadians, we can all benefit from additional border security stopping the flow of illegal drugs and migrants across our borders,” he said in a social media post. He said his province plans to use all levers at its disposal to stop the tariffs and will approach the U.S. directly. Moe added the proposed tariffs would hurt Saskatchewan’s export-based economy and drive up prices on both sides of the border. In 2023, Saskatchewan’s exports to the U.S. amounted to almost $27 billion after hitting a record high of $29 billion in 2022. Its top exports include crude oil, potash and canola. Prime Minister Justin Trudeau has convened an emergency meeting for Wednesday with the country’s premiers to discuss the tariffs.Giants QB Tommy DeVito has a sore throwing arm after loss to Bucs
The Lotto Max jackpot has climbed to $80 million for just the second time in Canadian lottery history. Friday’s draw sought a winner for a $75-million pool, but the top prize remained unclaimed as of Saturday, pushing the jackpot higher. The jackpot has only ever hit $80 million once before, breaking a record back in September. Prior to that, the prize sat at $75 million, which was a record itself at the time. The size of the Lotto Max prize cap was increased earlier this year, allowing for jackpots higher than $70 million. The cap currently sits at $80 million. While a higher price may entice more to play, the odds of winning the lottery are still incredibly low. The Ontario Lottery and Gaming Corporation puts the odds at about one in 33,294,800 per $5 ticket. While there was no jackpot winner in Friday’s draw, someone did match six out of the seven winning numbers, plus bonus, entitling them to a prize worth more than $320,000. The winning numbers were: 4, 6, 9, 21, 40, 42, 43 and a bonus number of 24.Check out the report card from Nebraska's 44-25 win against Wisconsin on Saturday at Memorial Stadium. Who can name Nebraska's last 100-yard rusher in a game, before Emmett Johnson achieved the feat Saturday? Johnson ran like he had something to prove, repeatedly shedding the first Badger to get to him. His best run of the day may have been a 19-yard burst in the third quarter when he patiently followed pulling linemen Ben Scott and Henry Lutovsky. Dante Dowdell has a knack for the end zone, scoring three times. (Trivia answer: Chubba Purdy ... against Wisconsin last year). Dylan Raiola has his rhythm back. He spent most of the game hovering around a 70 percent completion rate, which is reminiscent of his first four or five games. The ball is getting out of his hands quicker, and those pitch-and-catches are finally going for big gains. One of his best throws of the day was originally ruled a touchdown on a fade ball to Isaiah Neyor, but replay confirmed he didn't get a foot down. Jahmal Banks had a great TD snag in which he leaped, snared the ball and got his toes down. People are also reading... Recap: Here's how Joey Graziadei will win 'Dancing with the Stars' Zitel bound over to district court in death of child They fell in love with Beatrice. So they opened a store in downtown. At the courthouse, Nov. 16, 2024 Kidnapping in Nebraska prompted police chase that ended with 3 dead on I-29 in Missouri Chamberlain among seven inducted into Nebraska Baseball HOF No change in bond amounts in child abuse death case Harmonizers to perform Just Askin': Dana Holgorsen noncommittal on future, ranking a big week for Nebraska Athletics Clabaugh family presents Outstanding Educator award Inside Nebraska volleyball’s finishing kick for a Big Ten title: First up, Wisconsin Courthouse lighting ceremony planned for Sunday Historical society appoints board members, elects officers Believers bought airplane for dead preacher thinking he’d rise from grave to fly in it How one Virginia woman persevered through abuse, oppression in Christian 'cult' John Bullock's second tackle for loss of the game stopped Wisconsin's Tawee Walker on fourth-and-1 midway through the third quarter, and it felt like an early dagger for the home team. Bullock was a standout on senior day. The Huskers had some open-field tackling issues but held their own on third- and fourth-down situations. Darrion Dupree was a nice change-of-pace option for the Badgers, averaging 7.5 yards on his seven attempts. Wisconsin found success early on slant passes, including one that went to Vinny Anthony for 42 yards after Isaac Gifford whiffed on a tackle. After that, Braedyn Locke was able to open it for deep balls, including touchdown tosses of 24 and 58 yards. Wisconsin's Vinny Anthony had a big day, racking up six catches for 128 yards and Locke threw for more yards than he has in his past five games. A cool moment for DeShon Singleton, who came down with an interception in his final game at Memorial Stadium. Brian Buschini is having a great season, and Saturday was another notch on his belt. First, he ripped a 52-yard punt that flipped field possession, and he followed that up with a 49-yard boot that went out of bounds at the Wisconsin 3-yard line. Equally as impressive was kicker John "ol' reliable" Hohl, who made all three of his field goals and stayed clean on extra points. Oh, and how about Jacory Barney's 55-yard kick return to open the game? NU's third phase is trending up after a turbulent stretch. A question we might not ever get an answer to: Why was Matt Rhule forced to use a challenge to review Wisconsin's first-quarter touchdown? Don't all scoring plays get reviewed automatically? In a similar situation later in the game, Wisconsin was spared from using a challenge for officials to take another look at a Nebraska touchdown, which was reversed. Also, the unsportsmanlike conduct penalty on Micah Mazzccua for spiking the ball on a touchdown felt unnecessary. Nebraska scored a touchdown on its first possession of a game for the first time since the Northern Iowa game. A true tone-setter. There's plenty to unpack from Holgorsen's play sheet — it's no coincidence it only took him two games to pop a 100-yard rusher. And, 44 points for a team that has scored 20 (twice), 17, 7 and 14 in its past five games. That'll do. For the first time in 49 days, Nebraska won a football game. That was a long 49 for everyone involved. This one is a little more cathartic than usual, too, as the Huskers finally wrapped their arms around a bowl berth. It also takes a big bite out of the pressure NU faces on Black Friday vs. Iowa, which is no longer a "must-win." Get local news delivered to your inbox!
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Message of development endorsed, politics of lies defeated: PM Modi on poll resultsThe Lotto Max jackpot has climbed to $80 million for just the second time in Canadian lottery history. Friday’s draw sought a winner for a $75-million pool, but the top prize remained unclaimed as of Saturday, pushing the jackpot higher. The jackpot has only ever hit $80 million once before, breaking a record back in September. Prior to that, the prize sat at $75 million, which was a record itself at the time. The size of the Lotto Max prize cap was increased earlier this year, allowing for jackpots higher than $70 million. The cap currently sits at $80 million. While a higher price may entice more to play, the odds of winning the lottery are still incredibly low. The Ontario Lottery and Gaming Corporation puts the odds at about one in 33,294,800 per $5 ticket. While there was no jackpot winner in Friday’s draw, someone did match six out of the seven winning numbers, plus bonus, entitling them to a prize worth more than $320,000. The winning numbers were: 4, 6, 9, 21, 40, 42, 43 and a bonus number of 24.