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Silo Pharma stock hits 52-week low at $0.83 amid market challengesTom Brady Is Predicting A Big Rematch In The NFL Playoffs This Year
The Democratic Party lost big in the 2024 election because they are so woefully out of touch with normal Americans who are craving something different from their politicians. So argues a New York Times op-ed published Sunday and written by a British economist at the London School of Economics, Daniel Chandler, perhaps the last person you’d expect to diagnose the Democrats’ post-election performance to a tee. In the opening paragraph, Chandler perfectly summarizes the Democratic Party’s biggest flaw : its status as the “protector of a despised status quo” and its inability to “connect with an electorate desperate for change.” (Stream Daily Caller’s latest documentary ‘Cleaning Up Kamala’ HERE) Chandler then spends most of his piece arguing that Democrats should embrace the 20th century political philosopher John Rawls. He cites one of Rawls’s main ideas, the ‘ veil of ignorance ,’ a thought experiment in which you imagine what society would look like if you didn’t know your class, race or religion. Rawls argued that if we wore a veil of ignorance while designing a society, the world would inevitably look more fair, just and equal. If Democrats followed Rawls’s core principles of equality and building an economy that created prosperity for all, Chandler argues, they would be forced to ditch their current agenda, which boils down to defending the status quo, and become a pro-working class party. “A political party inspired by Rawls would stand up for an inclusive and tolerant society, a vibrant democracy, equality of opportunity and fair outcomes,” he writes. “In practical terms for a modern political party, this would mean going all out for a pro-worker agenda to address the long-neglected concerns of non-college-educated voters — not simply for higher incomes but also for meaning, community and a chance to contribute to society,” Chandler goes on to say. WEST PALM BEACH, FLORIDA – NOVEMBER 06: CEO of the Ultimate Fighting Championship Dana White speaks during an election night event for Republican presidential nominee, former U.S. President Donald Trump at the Palm Beach Convention Center on November 06, 2024 in West Palm Beach, Florida. Americans cast their ballots today in the presidential race between Republican nominee former President Donald Trump and Vice President Kamala Harris, as well as multiple state elections that will determine the balance of power in Congress. (Photo by Win McNamee/Getty Images) The economist also believes the party can achieve justice for women and minorities by simply making welfare programs more universal, not creating new programs based on identity. I’m not here to totally knock Chandler. Even though he’s an unlikely, if a bit out-of-touch messenger, he’s spot on about why Democrats are losing voters to Republicans. However, there is something absurd and comical about a British philosopher sugarcoating common sense — e.g., not making race-based welfare programs or engaging in identity politics — with high-brow philosophy. If there’s anyone who knows how to relate to the working-class Hispanics living in the Rio Grande Valley who voted for Donald Trump this election year, it’s a British academic who specializes in John Rawls’s political philosophy. Did you enjoy this post? Consider checking out John’s full weekly newsletter, Mr. Right, available here: MrRight.DailyCaller.comThe cutting of winter school uniforms into pieces has sparked a heated debate among parents, educators, and environmentalists. Many are questioning the rationale behind such a practice, which not only wastes resources but also goes against the principles of sustainability. Critics argue that there are more responsible and environmentally-friendly ways to dispose of old uniforms, such as recycling or donating them to those in need.Sacks Parente golf executive chairman buys $6,440 in stock
Furthermore, the incident serves as a stark reminder of the urgent need for proper waste management and recycling infrastructure in order to prevent such environmental disasters from occurring in the future. It highlights the importance of education and awareness regarding the proper disposal and recycling of waste, as well as the need for stricter enforcement of environmental regulations to prevent harmful activities like burning plastic waste.Luigi Mangione copycat's stunning employment history revealed as she's arrested over insurance threats
NEW YORK , Dec. 9, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") is clarifying the float-adjusted liquidity ratio (FALR) eligibility criteria used in the S&P U.S. Indices and Dow Jones U.S. Total Stock Market Indices Methodologies. No constituent changes for any U.S. companies currently in the S&P Composite 1500 indices or Dow Jones U.S. Total Stock Market indices will occur, as this simply clarifies and provides more transparency to the existing FALR rule. Current Updated A float-adjusted liquidity ratio (FALR), defined as the annual dollar value traded divided by the float-adjusted market capitalization (FMC), is used to measure liquidity. Using composite pricing and U.S. consolidated volume (excluding dark pools), annual dollar value traded is defined as the average closing price multiplied by the historical volume over the 365 calendar days prior to the evaluation date. A float-adjusted liquidity ratio (FALR), defined as the annual dollar value traded divided by the float-adjusted market capitalization (FMC), is used to measure liquidity. Using composite pricing and all publicly reported U.S. consolidated volume (excluding dark pools) , annual dollar value traded is defined as the average closing price multiplied by the historical volume over the 365 calendar days prior to the evaluation date. The below excerpt is the full U.S. Liquidity criteria language, including the clarification: Liquidity. A float-adjusted liquidity ratio (FALR), defined as the annual dollar value traded divided by the float-adjusted market capitalization (FMC), is used to measure liquidity. Using composite pricing and all publicly reported U.S. consolidated volume, annual dollar value traded is defined as the average closing price multiplied by the historical volume over the 365 calendar days prior to the evaluation date. This is reduced to the available trading period for IPOs, spin-offs or public companies considered to be U.S. domiciled for index purposes that do not have 365 calendar days of trading history on a U.S. exchange. In these cases, the dollar value traded available as of the evaluation date is annualized. Eligibility differs depending on the index: IMPACTED INDICES Index Name Index Codes S&P Composite 1500 Index 1500 S&P 500 500 S&P 400 400 S&P 600 600 Dow Jones U.S. Total Stock Market Index DWCF IMPLEMENTATION TIMING The clarification is effective today, Monday, December 9, 2024 . Please note that the S&P U.S. Indices Methodology and Dow Jones U.S. Total Stock Market Indices Methodology on S&P DJI's website are updated with the clarified language. For more information about S&P Dow Jones Indices, please visit www.spglobal.com/spdji . ABOUT S&P DOW JONES INDICES S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets. S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji . FOR MORE INFORMATION: S&P Dow Jones Indices index_services@spglobal.com Media Inquiries spdji.comms@spglobal.com View original content: https://www.prnewswire.com/news-releases/sp-dow-jones-indices-float-adjusted-liquidity-ratio-clarification-for-certain-us-indices-302326759.html SOURCE S&P Dow Jones IndicesArticle content Silverthorn Collegiate Institute in Etobicoke was in lockdown late Tuesday afternoon after reports of a person with a gun inside the school. Recommended Videos Toronto Police were called to the Mill-Burnhamthorpe Rds. area at 3:59 p.m. for the gun report and said in a post on the social-media site X that there was “evidence of a firearm discharge located.” There were no injuries reported. FIREARM DISCHARGE: Mill Rd. & Burnhamthorpe Rd. area (Silverthorn Collegiate Institute) 3:59 p.m - Reports of a person w/ a gun inside the school - School in lockdown - Police o/s - Evidence of a firearm discharge located - No reports of injuries #GO2673285 ^vs In a follow-up post at 4:58 p.m., police said two individuals were reportedly inside the school with a gun. Officers were actively clearing the building, police said, and there were no immediate suspect descriptions available.PNC Financial Services Group Inc. raised its position in shares of Prudential Financial, Inc. ( NYSE:PRU – Free Report ) by 1.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 116,069 shares of the financial services provider’s stock after buying an additional 1,286 shares during the period. PNC Financial Services Group Inc.’s holdings in Prudential Financial were worth $14,056,000 as of its most recent filing with the Securities & Exchange Commission. A number of other institutional investors have also modified their holdings of the company. Creekmur Asset Management LLC lifted its holdings in Prudential Financial by 78.8% during the 1st quarter. Creekmur Asset Management LLC now owns 245 shares of the financial services provider’s stock worth $29,000 after buying an additional 108 shares in the last quarter. Lynx Investment Advisory purchased a new stake in Prudential Financial during the 2nd quarter worth about $29,000. Ashton Thomas Securities LLC acquired a new stake in Prudential Financial in the 3rd quarter valued at about $31,000. Strategic Financial Concepts LLC boosted its stake in shares of Prudential Financial by 1,312.4% in the 2nd quarter. Strategic Financial Concepts LLC now owns 26,934 shares of the financial services provider’s stock valued at $32,000 after buying an additional 25,027 shares during the period. Finally, Bank & Trust Co purchased a new stake in shares of Prudential Financial during the second quarter worth approximately $37,000. 56.83% of the stock is owned by institutional investors and hedge funds. Analysts Set New Price Targets PRU has been the subject of several analyst reports. Barclays boosted their price target on shares of Prudential Financial from $118.00 to $119.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Argus raised Prudential Financial to a “strong-buy” rating in a report on Thursday, August 8th. TD Cowen initiated coverage on Prudential Financial in a research report on Wednesday, October 9th. They set a “hold” rating and a $130.00 price objective for the company. Morgan Stanley cut their target price on Prudential Financial from $123.00 to $122.00 and set an “equal weight” rating on the stock in a research report on Monday, August 19th. Finally, UBS Group increased their price target on shares of Prudential Financial from $112.00 to $119.00 and gave the company a “neutral” rating in a research note on Tuesday, August 13th. Eleven research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $125.69. Insider Activity at Prudential Financial In other Prudential Financial news, major shareholder Insurance Co Of Ame Prudential acquired 261,059 shares of the stock in a transaction on Tuesday, October 8th. The shares were bought at an average price of $27.58 per share, with a total value of $7,200,007.22. Following the acquisition, the insider now owns 4,208,549 shares of the company’s stock, valued at $116,071,781.42. This trade represents a 6.61 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link . Also, EVP Caroline Feeney sold 1,110 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $119.97, for a total value of $133,166.70. Following the completion of the sale, the executive vice president now directly owns 10,175 shares of the company’s stock, valued at $1,220,694.75. This represents a 9.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here . 0.31% of the stock is currently owned by insiders. Prudential Financial Stock Up 1.3 % Shares of NYSE:PRU opened at $127.92 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.14 and a quick ratio of 0.14. The stock has a market cap of $45.54 billion, a P/E ratio of 11.37, a P/E/G ratio of 0.89 and a beta of 1.29. Prudential Financial, Inc. has a 1-year low of $94.92 and a 1-year high of $129.13. The firm has a fifty day moving average price of $123.30 and a 200 day moving average price of $119.70. Prudential Financial ( NYSE:PRU – Get Free Report ) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $3.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.47 by $0.01. The firm had revenue of $19.48 billion for the quarter, compared to analyst estimates of $14.57 billion. Prudential Financial had a return on equity of 15.30% and a net margin of 6.03%. During the same quarter last year, the company posted $3.44 earnings per share. Sell-side analysts predict that Prudential Financial, Inc. will post 13.33 EPS for the current year. Prudential Financial Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Tuesday, November 19th will be issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 4.07%. The ex-dividend date of this dividend is Tuesday, November 19th. Prudential Financial’s dividend payout ratio is presently 46.22%. Prudential Financial Company Profile ( Free Report ) Prudential Financial, Inc, together with its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through PGIM, Retirement Strategies, Group Insurance, Individual Life, and International Businesses segments. Recommended Stories Receive News & Ratings for Prudential Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prudential Financial and related companies with MarketBeat.com's FREE daily email newsletter .
The threat of soaring government debt supply destabilising financial markets has intensified, the world’s top central banking advisory body said on Tuesday, as it urged policymakers to act swiftly to prevent economic damage. Claudio Borio, head of the Bank for International Settlements’ monetary and economic department, said he was on alert for a government debt glut causing bond market ructions that could spill over into other assets. And while markets have not yet suffered so-called “bond vigilante” attacks, where debt investors send state borrowing costs sharply higher to force nations away from fiscal profligacy, policymakers should not wait for this to happen, he said. “Financial markets are beginning to realise they will have to absorb these growing volumes of government debt,” he said as the BIS published its latest quarterly report. “It takes time for policymakers to adjust policies and if they wait for markets to wake up, it’s going to be too late.” Large government budget deficits suggest that sovereign debt could rise by a third by 2028 to approach $130 trillion, according to the Institute of International Finance (IIF) financial services trade group. U.S. President-elect Donald Trump’s proposed tax cuts are expected to swell the nation’s $36 trillion debt pile by almost $8 trillion, while the UK’s new Labour government in its October budget raised previous five-year borrowing estimates by about 142 billion pounds ($181.55 billion). Bond fund PIMCO said on Monday it plans to diversify its government bond exposure by buying outside the United States, where its outlook on long-term government debt is bearish due to a deteriorating fiscal profile. The BIS report also cited political turmoil over France’s budget deficit and expansionary policy in Japan as reasons for “the re-emergence of fiscal concerns.” The yield on the 10-year U.S. Treasury, which influences price movements in sovereign, corporate and household debt worldwide, has risen by about 56 basis points (bps) since September, to around 4.22%. Traders widely anticipate a Federal Reserve rate cut this month but the BIS report said there was a supply-demand imbalance in the Treasury market, with dealers holding record amounts of unsold U.S. government debt on their books. With U.S. Treasury investors facing the twin perils of debt oversupply and stimulus spending boosting inflation, there were “more reasons to be worried now” than when the BIS cautioned about sovereign debt earlier this year, Borio said. The depth and liquidity of the $28 trillion Treasury market could insulate it from a sudden sharp rise in debt yields for some time, Borio said. “But it does mean that once (warning signs) show up, the impact on the global economy is bigger,” he added. Elsewhere in its report, the BIS noted increasing uncertainty about where global interest rates would settle as major central banks embark on cuts but the global economy remains resilient, buoyed by strong U.S. growth. Global credit conditions remain “unusually accommodative,” the report noted, and U.S. bank lending standards have loosened after the Nov. 5 election while Wall Street stocks rallied. The BIS noted that higher volatility in currency markets had reduced the incentive for traders to rebuild their positions following a sharp unwind in August of so-called carry traders that sparked ructions across world markets. Source: Reuters (Reporting by Naomi Rovnick; Editing by Dhara Ranasinghe and Christina Fincher)
‘Too slow’: PM under fire after latest anti-Semitic incident in SydneyThe Miami Hurricanes, who once appeared to be a near-lock for the College Football Playoff, are not playing for a national title. Instead, they will play in the Pop-Tarts Bowl in Orlando. That bowl berth against Iowa State is a let-down for fans with dreams of a sixth national title in their minds, as well as players hoping to compete for a championship. However, Miami’s trip to Orlando and the lead-up to it are still crucial periods for the Hurricanes for multiple reasons. First, it’s a chance for the program to achieve something it has not done in more than two decades: win 11 games. Although the 11th win won’t get them closer to a championship, it is a good sign of the program’s progress over Mario Cristobal’s tenure. It would also end UM’s five-game losing streak in bowls. “We’re not satisfied,” Cristobal said. “We want to win every single game. We won 10. We were close on the other two, but close isn’t good enough. We want progress. We’re hungry and driven to get better, and so that’s what our focus is on: to improving as a football program, to getting better, to moving into the postseason with an opportunity against a great football team like this and putting our best on the field.” There are signs the Hurricanes will show up at close to full strength for the bowl game. Running back Damien Martinez announced he was going to play, and star quarterback Cam Ward said in a video call posted on social media that he intends to play, as well. “We’re trying to win our first bowl game in 20 years,” Ward said in the video, mistaking the length of UM’s long bowl losing streak. “We’re going hard.” Playing in the bowl game also provides the opportunity for the Hurricanes to get in several practices between now and the game. That means Miami can develop its young players and prepare them for next season during both the practices and the bowl game itself. “It’s extremely valuable,” Cristobal said. “You really don’t have many opportunities throughout the course of the year — time is limited more and more each season with your student-athletes. I want to state this and be very clear: it’s very important, it’s ultra-important for the University of Miami to continue to develop and grow and progress by stressing the importance of offseason opportunities ... You learn a lot about your team and learn a lot about your people and your program when you head to the postseason.” Of course, there are potential negatives. Players can get hurt; Mark Fletcher Jr. suffered a foot injury in the Pinstripe Bowl last year that cost him all of spring practice. A poor performance can also potentially set the tone for next season, like how Florida State, fresh off a playoff snub last year, suffered a devastating loss against Georgia in the Orange Bowl and went on to a dismal 2-10 season this year. “This is the ending of ’24 and the beginning of ’25,” Cristobal said. “This is the last opportunity to be on the field and carry some momentum into the offseason. So it is, in essence, it is the most important game because it’s the next game. “There’s a lot of excitement in the form of opportunity for our guys. Our guys love to play football. The chance to play one more time with this special group — this is a special group of guys now. They’ve worked hard to really change the trajectory of the University of Miami, and they want to continue to elevate the status and the culture at the University of Miami. So certainly a ton to play for.” ____
Destra Multi-Alternative Fund Declares Year End 2024 Distribution