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2025-01-26
AP Business SummaryBrief at 10:55 a.m. ESTslot 365

LYNCHBURG, Va. (AP) — Quinton Cooley rushed for 166 yards and two touchdowns, Billy Lucas added 131 yards and a score, and Liberty gained 419 on the ground with four touchdowns in a 38-21 victory over Western Kentucky on Saturday. Liberty (8-2, 5-2 Conference USA) has won eight-plus games for the sixth consecutive season to keep alive hopes of a second straight trip to the conference championship game. The Flames play Sam Houston (8-3, 5-2) on Friday.Liberty gains 419 on the ground with 4 touchdowns in a 38-21 victory over Western Kentucky

KBC Group NV Buys 464 Shares of Brighthouse Financial, Inc. (NASDAQ:BHF)None

Powering an e-bike using disposable vapes is about more than engineering

By now, Nvidia 's (NASDAQ: NVDA) business has been booming for so long that it's getting boring. As of the time of writing, shares are down by around 3% despite better-than-expected third-quarter earnings and a buoyant market for artificial intelligence (AI) hardware. But how much longer can the momentum last? Let's dig deeper into what the next three years could have in store. Are You Missing The Morning Scoop? Breakfast News delivers it all in a quick, Foolish, and free daily newsletter. Sign Up For Free » How good were earnings? Despite being the largest company in the world with a market cap of $3.6 trillion, Nvidia's business is still growing like a start-up. Third-quarter revenue soared 94% year over year to $35.1 billion, beating analysts' expectations of $33.2 billion. And the momentum was driven by its data center business, where it sells advanced graphics processing units (GPUs) for running and trailing AI algorithms. Nvidia also has tremendous pricing power, with a gross margin of around 75%, which suggests it is keeping the competition at bay. Management plans to maintain growth through new product releases, such as its Blackwell-based AI chips, which are expected to provide significant performance improvements over the previous generation of GPUs. However, while the results were great, investors should note that Nvidia's growth is decelerating. Over the previous three quarters, sales rose 122%, 262%, and 265%, respectively. This slowdown will probably continue as the company faces more difficult comps over the next three years. The AI industry remains highly speculative Analysts remain optimistic about the future of the AI industry, with Bain & Co. expecting it to generate revenues of $990 billion by 2027 -- up from just $185 billion last year. They believe businesses are moving out of the experimental phase to begin scaling AI tech into their operations, and huge demand could strain supply chains and cause shortages. If this plays out, Nvidia's already huge margins could get even higher. That said, analysts made similar predictions during the dot-com bubble in the early 2000s. And while the internet turned out to be a world-changing success, widespread adoption didn't come as quickly as expected. There are growing signs that a similar thing could happen to AI. According to The Economist , the disparity between investor enthusiasm about AI and reality might be untenable. They report that only 5% of U.S. businesses say they use AI in their products and services, and few AI start-ups are turning a profit. Most notably, OpenAI, the creator of ChatGPT, expects to lose around $5 billion this year because of huge outflows for employee salaries and the massive energy costs associated with running large language models (LLMs). In the best-case scenario, Nvidia can continue to make newer, more efficient chips that can perform more computational work with less energy requirements. This could bring down the costs of training and running AI models. But there are still many other variables like competition between LLMs, which could keep the software side of the industry unprofitable, even if operational costs begin to fall. All in all , the AI opportunity looks much more speculative and uncertain than the more optimistic analysts are letting on. Where will Nvidia stock be in three years? Over the next three years, investors should expect Nvidia's growth and margins to fall as investors become more realistic about the timelines needed to bring AI technology into the mainstream. That said, the stock's valuation seems to already price in this headwind. With a forward price-to-earnings (P/E) of 37, the company's shares look reasonable compared to its explosive growth rate, so the potential downside is limited. Should you invest $1,000 in Nvidia right now? Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Nvidia wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $869,885 !* Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than quadrupled the return of S&P 500 since 2002*. See the 10 stocks » *Stock Advisor returns as of November 25, 2024 Will Ebiefung has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy . Where Will Nvidia Stock Be in 3 Years? was originally published by The Motley Fool

The Onion's bid for Alex Jones' Infowars hangs in the balance as judge orders new hearing

Meghan Markle and Prince Harry were gutted over a special request as they attended Pippa Middleton's wedding back in 2017. The couple had only started dating less than a year before the wedding and weren't engaged at the time. But Catherine's sister Pippa and her now-husband James Matthews had a strict seating plan at their wedding reception, which meant couples couldn't sit together. Because of this, Harry sat next to ITV News at Ten presenter Tom Bradby while Meghan shared her table with Roger Federer's wife Mirka. It is believed the decision was made to encourage guests to meet new people by sharing their table with people they didn't know before. Authors Omid Scobie and Carolyn Durand wrote in their book Finding Freedom that the future Duke and Duchess of Sussex eventually reunited near the dance floor after the meal - and at the end of the evening, they spent time together. The authors said: "Sitting together in the custom glass marquee that had been erected on the 18-acre property should have been a fun night for the couple, but, per Pippa's request, no couples sat together." Another challenge Harry and Meghan faced on the day was that the former Suits actress didn't attend the church ceremony due to fears that the couple's presence at church might overshadow Pippa's big day. On the day, the pair came up with a plan which saw them drive to Berkshire on the day of the wedding - and while Harry attended the church service in Englefield, Meghan stayed in an Airbnb that a close friend had rented on her behalf. After the ceremony, Harry picked his then-girlfriend up and they had some lunch before heading to the reception at the Middleton's Bucklebury home. Omid and Carolyn claimed a headline which ran on the day of the wedding, comparing Pippa and Meghan's bottoms, contributed to the decision of leaving Meghan out of the church service. In their book, the two authors wrote: "Harry and Meghan agreed that she couldn't possibly turn up at the church, only fifty metres away from a specially arranged media pen, after such a crass cover story. If they worried their arrival might create a media circus despite taking every precaution, now they had no doubt that it would. Meghan's church outfit and Philip Treacy hat would have to be worn another time." Once guests arrived at the wedding reception, they had their photo ID checked and their own password to get in. They were greeted by a 140ft glass marquee in the garden, which had been decorated in an enchanted forest theme. Guests took part in a number of fun games and watched an excellent light show before they were served food and drink including mini haggis, deer carpaccio, langoustine claws and asparagus with Hollandaise sauce. Just under a year later, Pippa and her husband James, along with parents Carole and Michael, and brother James Middleton all attended Meghan and Harry's big day at Windsor Castle. Now Pippa and James have three children, five-year-old son Arthur, three-year-old daughter Grace and one-year-old daughter Rose.Grizzlies vs. Pistons Injury Report Today – November 27 Published 4:41 pm Tuesday, November 26, 2024 By Data Skrive Let’s check out the injury report for the Detroit Pistons (8-11), which currently has two players listed (including Cade Cunningham), as the Pistons prepare for their matchup with the Memphis Grizzlies (11-7, three injured players) at FedExForum on Wednesday, November 27 at 8:00 PM ET. Watch the NBA, other live sports and more on Fubo. What is Fubo? Fubo is a streaming service that gives you access to your favorite live sports and shows on demand. Use our link to sign up for a free trial. Last time out, the Grizzlies won on Monday 123-98 over the Trail Blazers. Ja Morant put up 22 points, two rebounds and 11 assists for the Grizzlies. The Pistons’ last contest on Monday ended in a 102-100 victory against the Raptors. Jaden Ivey scored a team-best 25 points for the Pistons in the win. Memphis Grizzlies Injury Report Today Sign up for NBA League Pass to get live and on-demand access to NBA games. Detroit Pistons Injury Report Today Get tickets for any NBA game this season at StubHub. Grizzlies vs. Pistons Game Info Catch NBA action all season long on Fubo. Not all offers available in all states, please visit BetMGM for the latest promotions for your area. Must be 21+ to gamble, please wager responsibly. If you or someone you know has a gambling problem, contact 1-800-GAMBLER .Trudeau government facing pressure to change $250 cheque plan after NDP, Bloc, Liberal MP demand more

Minister Ziyambi Speech At Geneva Sanctions, Business Human Rights ConferenceThe head of one of Canada’s largest banks says newcomers need support from all corners as “people are turning a little sour” on . , chief executive of e, said there’s a “lot of illegal migration” going around in the world, but the people who legally come to Canada as international students, temporary foreign workers or permanent residents “play by the rules” and it’s important to “treat them by the rules” going forward. “Immigrants are the lifeblood of our country,” the son of a refugee said at a Toronto event organized by the University of Waterloo. “Immigrants come here with hopes and dreams. Immigrants don’t want to come here to be demonized, and what we need to do is continue to work on supporting those immigrants so that they actually feel fully Canadian.” Immigration has traditionally played a key role in Canada’s economy. But public support for newcomers has declined in recent years amidst , primarily due to a jump in the number of international students and temporary workers, who are referred to as temporary residents by the government. A clear majority of Canadians feel that there’s for the first time in 25 years, according to a national survey published in October by research group Environics Institute and Toronto Metropolitan University’s Diversity Institute. Policy changes by the federal government made it easier to bring in temporary residents during the past two years in order to fill nearly one million job vacancies following the pandemic. But with the number of vacancies declining and the unemployment rate on the rise, Ottawa has taken steps in the past year to decrease the number of temporary residents entering the country. Overall, it aims to have a net reduction of a million temporary residents in the next two years. The federal government is also reducing the number of new permanent residents, people who eventually become Canadian citizens, by about 21 per cent to 395,000 in 2025 and 380,000 in 2026, from about 500,000 currently. Economists don’t expect these changes to completely resolve Canada’s housing crisis, but they could make home ownership more attainable as the government tries to get more housing built and interest rates decline. Economists also believe the decisions could boost productivity despite slowing the country’s near-term economic growth due to lower consumer spending. Dodig said Canada’s struggling productivity levels could also be boosted by investing in technology and attracting foreign investors. He said large corporate sectors such as telecom, banking and oil and gas are achieving productivity gains due to investment in technologies, and the government should follow suit. “Forty per cent of the economy in Canada is government,” Dodig said. “I think health care is probably leading, education is probably second and government is probably third in terms of using technology to advance the economic productivity of our country.” The head of CIBC also said small and medium-sized companies tend to “sell out too soon because we don’t allow people to get scale, because the capital is not there or the resources aren’t there to continue to innovate.” Dodig said Canada has no choice but to “move quickly” and get investors to put capital to work in the “private sector and get going.” He added that Canada needs to “work really hard” to create the conditions necessary to be considered a good place to invest, given that the United States is likely going to get even more attractive. “We have no choice to wring our hands and think about what we should be doing,” he said. “You may actually have to throw a few things at it to make it work, because some of them will work and some of them won’t work, but sitting and thinking about it is the wrong answer.”

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