( MENAFN - GlobeNewsWire - Nasdaq) QINGDAO, China, Dec. 24, 2024 (GLOBE NEWSWIRE) -- SOS Limited ("SOS" or the "Company") (NYSE: SOS) today announced that on May 15, 2024, the Company filed its annual report on Form 20-F for the year ended December 31, 2023 (the“Form 20-F”) with the U.S. Securities and Exchange Commission (the "SEC"). In compliance with the New York stock exchange rules, the Form 20-F is available on the Company's website at . In addition, all shareholders of the Company may request, free of charge, a hard copy of the Company's complete audited financial statements filed with the SEC. To request a hard copy of the Company's audited financial statements, or for any other inquiry in respect of this press release, please contact the Investor Relations Department of the Company, whose contact information is as follows: ... Safe Harbor Statement This press release contains forward-looking statements made under the "safe harbor" provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. SOS may also make written or oral forward-looking statements in its reports filed with or furnished to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about SOS' beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and SOS does not undertake any obligation to update such information, except as required under applicable law. About SOS Limited SOS is an emerging blockchain-based and big data-driven marketing solution provider. SOS is also engaged in blockchain and cryptocurrency operations, which currently include cryptocurrency mining and may expand into cryptocurrency security and insurance in the future. Since April 2021, we launched commodity trading via our subsidiary SOS International Trading Co. Ltd and Weigou International Trading Co Ltd. Major trading commodity includes mineral resin, soybean, wheat, sesame, liquid sulfur, petrol coke and latex etc. For more information, please visit: . Contact: Investor Relations ... SOURCE - SOS Limited MENAFN24122024004107003653ID1109028407 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.What to Watch for: 5 Must-Have Elements in Crypto Whitepapers
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MICROCHIP Technology, a maker of chips for cars, consumer devices and other products, said it would close a plant in Tempe, Arizona, affecting about 500 employees. The company also said that orders have been slower than anticipated and it was revising the December quarter’s outlook to near the low end of its original forecast of about US$1.03 billion. Steve Sanghi, board chairman and interim chief executive officer, said on Monday (Dec 2) that the Tempe plant would be shut down in the September 2025 quarter because “inventory levels are high and the company has ample capacity in place and the ability to expand capacity in the other facilities in the future”. Microchip, based in Chandler, Arizona, has been mired in a deep sales slump, with revenue projected to plunge 40 per cent this year. Sanghi, a company veteran who had previously served as CEO, returned last month to the top post, replacing Ganesh Moorthy. “I want to clarify for investors that I plan to stay in this role, even though the title is interim, for as long as it is necessary, so there is no definitive timeline for my successor,” Sanghi said. BLOOMBERG
Damning silence: on India’s Pegasus probeThe New York Knicks are no strangers to playing on Christmas Day. But few of their holiday games have come with the anticipation that accompanies Wednesday's clash against the San Antonio Spurs. The Knicks will look to remain hot, while second-year Spurs superstar Victor Wembanyama will play at Madison Square Garden for the second time in his career Wednesday afternoon. Both teams were off Tuesday after playing on Monday night. The Knicks beat the visiting Toronto Raptors 139-125 and the Spurs' late comeback fell short in a 111-106 loss to the host Philadelphia 76ers. The lopsided victory was the latest evidence a new mix is starting to gel for the Knicks, who have won four straight and have gone 9-2 since Nov. 29 to move into third place in the Eastern Conference. Karl-Anthony Towns, who was acquired from the Minnesota Timberwolves on Oct. 2, and OG Anunoby shared the team lead with 31 points each on Monday night. "It's great vibes right now," the Knicks' Josh Hart said. "So we've just got to make sure we continue to bring that to the game." Anunoby became the fifth different player in the last 11 games to at least share the team lead in scoring. The only player to pace the Knicks in scoring in consecutive games over that span is Towns, who scored 23 points in a 121-106 win over the Orlando Magic on Dec. 3 and 27 points two nights later in a 125-101 victory over the Charlotte Hornets. "We're a very talented team, so it could be anyone's night, for sure," Anunoby said. Few players in the NBA are as talented as Wembanyama, the versatile 7-foot-3 star who already has collected three triple-doubles in 95 NBA games. Wembanyama earned Western Conference Player of the Week honors last week after collecting 72 points, 14 blocks, 13 rebounds and eight assists in a pair of wins. "He has helped put us in a lot of cool positions, especially this year," Spurs point guard Tre Jones told the San Antonio Express-News. Wembanyama finished with 26 points, nine rebounds and eight blocks Monday, when the Spurs overcame a nine-point fourth-quarter deficit to take a pair of late leads. Wembanyama missed a potential go-ahead 3-pointer with 2:08 left for San Antonio, which went ahead once more at 103-102 before the 76ers ended the game on a 9-3 run. The loss was just the second in the last six games for the Spurs, who are in ninth place in the Western Conference but just 1 1/2 games behind the sixth-place Los Angeles Clippers in the race for the final guaranteed playoff spot. San Antonio has missed the playoffs in each of the last five seasons. While Wembanyama struggled in his first game in New York on Nov. 8, 2023 (14 points on 4-of-14 shooting), his breakout game against the Knicks in San Antonio on March 29 -- when he had 40 points and 20 rebounds in a 130-126 overtime victory -- has increased the intrigue surrounding the Christmas meeting. "The first time I'm going to play on Christmas," Wembanyama told the Express-News. "I'm super excited." The Knicks will be playing on Christmas Day for the fourth straight season and an NBA-high 57th time overall. They improved to 24-32 on the holiday last Dec. 25 with a 129-122 win over the Milwaukee Bucks. The Spurs are playing on Christmas Day for the first time since 2016, when they beat the Chicago Bulls 119-100 to improve to 6-5 all-time on the holiday. This article first appeared on Field Level Media and was syndicated with permission.A Debt Jubilee Of Biblical Proportions Is Coming... Are You Ready?
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Empowered Funds LLC boosted its position in Ingersoll Rand Inc. ( NYSE:IR – Free Report ) by 7.8% during the 3rd quarter, Holdings Channel reports. The fund owned 6,416 shares of the industrial products company’s stock after buying an additional 463 shares during the period. Empowered Funds LLC’s holdings in Ingersoll Rand were worth $630,000 as of its most recent SEC filing. Several other hedge funds and other institutional investors have also recently modified their holdings of IR. Ridgewood Investments LLC acquired a new stake in Ingersoll Rand in the 2nd quarter valued at $25,000. Ashton Thomas Securities LLC acquired a new position in shares of Ingersoll Rand during the third quarter valued at about $34,000. EverSource Wealth Advisors LLC increased its position in shares of Ingersoll Rand by 38.5% during the first quarter. EverSource Wealth Advisors LLC now owns 453 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 126 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Ingersoll Rand by 196.8% in the 2nd quarter. UMB Bank n.a. now owns 466 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 309 shares during the last quarter. Finally, Eastern Bank bought a new position in Ingersoll Rand in the 3rd quarter valued at about $42,000. Institutional investors own 95.27% of the company’s stock. Ingersoll Rand Stock Performance Shares of IR stock opened at $104.00 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 2.36. The firm has a market cap of $41.91 billion, a price-to-earnings ratio of 50.73, a P/E/G ratio of 3.91 and a beta of 1.42. Ingersoll Rand Inc. has a 52 week low of $69.46 and a 52 week high of $105.63. The firm’s 50-day simple moving average is $99.20 and its two-hundred day simple moving average is $94.68. Ingersoll Rand Dividend Announcement Insider Activity at Ingersoll Rand In related news, CAO Michael J. Scheske sold 2,531 shares of Ingersoll Rand stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $97.44, for a total value of $246,620.64. Following the completion of the transaction, the chief accounting officer now directly owns 11,910 shares in the company, valued at approximately $1,160,510.40. The trade was a 17.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink . Also, insider Kathleen M. Keene sold 4,629 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $89.99, for a total value of $416,563.71. Following the sale, the insider now owns 3,829 shares in the company, valued at approximately $344,571.71. This represents a 54.73 % decrease in their position. The disclosure for this sale can be found here . 0.68% of the stock is owned by company insiders. Wall Street Analysts Forecast Growth IR has been the subject of a number of recent research reports. Cfra boosted their price objective on Ingersoll Rand from $85.00 to $95.00 and gave the stock a “hold” rating in a report on Friday, October 4th. Evercore ISI lowered their price target on Ingersoll Rand from $93.00 to $88.00 and set an “in-line” rating for the company in a research report on Monday, August 19th. Wells Fargo & Company lifted their price objective on shares of Ingersoll Rand from $100.00 to $110.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Wolfe Research upgraded shares of Ingersoll Rand to a “hold” rating in a research note on Friday, September 20th. Finally, Morgan Stanley assumed coverage on shares of Ingersoll Rand in a research report on Friday, September 6th. They set an “equal weight” rating and a $97.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Ingersoll Rand currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.83. Read Our Latest Stock Analysis on Ingersoll Rand About Ingersoll Rand ( Free Report ) Ingersoll Rand Inc provides various mission-critical air, gas, liquid, and solid flow creation technologies services and solutions worldwide. It operates through two segments, Industrial Technologies and Services, and Precision and Science Technologies. The Industrial Technologies and Services segment designs, manufactures, markets, and services air and gas compression, vacuum, and blower products; fluid transfer equipment and loading systems; and power tools and lifting equipment, including associated aftermarket parts, consumables, air treatment equipment, controls, other accessories, and services under the under the Ingersoll Rand, Gardner Denver, Nash, CompAir, Elmo Rietschle brands, etc. Further Reading Want to see what other hedge funds are holding IR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ingersoll Rand Inc. ( NYSE:IR – Free Report ). Receive News & Ratings for Ingersoll Rand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ingersoll Rand and related companies with MarketBeat.com's FREE daily email newsletter .Long-term investment is the key to life-changing returns in the stock market, and few companies highlight this concept better than Nvidia ( NVDA -2.25% ) . If you bought $1,000 worth of the chipmaker's stock 10 years ago, you would have roughly $267,000 today -- a return of 26,600%. That said, past returns don't guarantee future results -- especially in an incredibly speculative new industry. Let's examine the pros and cons of Nvidia stock to determine whether the legendary technology giant still has multibagger potential over the long term. A history of boom and bust cycles Nvidia's core business has always been designing and selling graphics processing units (GPUs), a type of computer chip capable of parallel processing (running multiple calculations simultaneously). This tech proved crucial in rendering video game graphics, helping Nvidia dominate the custom PC and gaming laptop markets in the 2000s. When Bitcoin launched in 2009, GPUs found another use case in cryptocurrency mining, leading to Nvidia's second boom cycle. At the time, many blockchains used GPU computing power to validate their networks and mint more coins in a process called proof-of-work (PoW). This market declined substantially in 2022, erasing billions from Nvidia's market cap. Video gaming and crypto mining hardware are both represented in Nvidia's gaming segment, which posted third-quarter sales of just $3.3 billion or just around 9% of total sales . Generative artificial intelligence (AI) has become the company's latest boom cycle, causing its data center business to soar to represent 88% of total sales. The company is very nondiversified and vulnerable to another rapid change in its fortunes. How will the generative AI story end? Over the next 10 years, Nvidia's AI hardware business could face threats to its growth and profitability. And it isn't hard to see why. With a gross margin of 75%, Nvidia is selling hardware at software-level margins. For context, software-as-a-service (SaaS) giant Microsoft has a gross margin of just 69%, selling mainly digital products and services. Nvidia's market dominance will naturally encourage customers to replace its products wherever possible. While Nvidia seems to be able to keep direct competition (from other AI chipmakers like Advanced Micro Devices ) at bay, it can't stop "hyperscaler" clients like Alphabet and Amazon from designing their own custom chips or simply holding on to their old Nvidia hardware instead of upgrading to the latest models every year. Nvidia's sky-high margins may also come under increasing pressure from suppliers like Taiwan Semiconductor , which helps manufacture its highest-end AI chips. In June, analysts at Morgan Stanley reported that the fab is considering raising production fees for Nvidia. And if this is true, it could eventually eat into the company's margins. To be fair, however, Nvidia's third-quarter operating income soared 174% to $18.6 billion. And its forward price-to-earnings (P/E) of just 33 seems quite low compared to this growth rate, suggesting a possible slowdown in earnings growth may already be partially priced in. Is Nvidia stock a buy? Generally, time in the market is better than timing the market. And even if you bought Nvidia stock at the peak of its previous boom cycles, you would still have come out ahead if you held shares long enough. That said, with a market cap of $3.5 trillion, Nvidia has become the second-largest company in the world. So, things may be different now. Newton's second law of motion states that the larger an object is, the more force is needed to move it. And while the 18th-century physicist probably didn't have financial markets in mind, the concept can hold true for stocks. Investors who buy Nvidia now are making some very optimistic assumptions about the future of the AI industry. And it may make more sense to wait until the hype dies down before buying shares.
Stars take road win streak into game against the HurricanesDUBAI: Iranian authorities have lifted a ban on Meta’s instant messaging platform WhatsApp and Google Play as a first step to scale back internet restrictions, Iranian state media reported on Tuesday. The Islamic Republic has some of the strictest controls on Internet access in the world, but its blocks on U.S.-based social media such as Facebook, Twitter and YouTube are routinely bypassed by tech-savvy Iranians using virtual private networks. “A positive majority vote has been reached to lift limitations on access to some popular foreign platforms such as WhatsApp and Google Play”, Iran’s official IRNA news agency said on Tuesday, referring to a meeting on the matter headed by President Masoud Pezeshkian. Iran protests US arrest of nationals over tech export “Today the first step in removing internet limitations... has been taken,” IRNA cited Iran’s Minister of Information and Communications Technology Sattar Hashemi as saying. Social media platforms were widely used in anti-government protests in Iran. In September the United States called on Big Tech to help evade online censorship in countries that heavily sensor the internet, including Iran.