Stocks closed higher on Wall Street, giving the market its fifth gain in a row and notching another record high for the Dow Jones Industrial Average. The S&P 500 rose 0.3% Friday. The Dow added 1%, and the Nasdaq composite tacked on 0.2%. Retailers had some of the biggest gains. Gap soared after reporting quarterly results that easily beat analysts’ estimates. EchoStar fell after DirecTV called off its purchase of that company’s Dish Network unit. European markets closed mostly higher and Asian markets ended mixed. Treasury yields held relatively steady in the bond market. Crude oil prices gained ground. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. Stocks rose on Wall Street in afternoon trading Friday, keeping the market on track for its fifth straight gain. The S&P 500 was up 0.2% and was solidly on track for a weekly gain that will erase most of last week's loss. The Dow Jones Industrial Average climbed 333 points, or 0.8%, and the Nasdaq composite was essentially flat with a gain of less than 0.1% as of 3:07 p.m. Eastern. Markets have been volatile over the last few weeks, losing ground in the runup to elections in November, then surging following Donald Trump's victory, before falling again. The S&P 500 has been steadily rising throughout this week to within close range of its record. “Overall, market behavior has normalized following an intense few weeks,” said Mark Hackett, chief of investment research at Nationwide, in a statement. Several retailers jumped after giving Wall Street encouraging financial updates. Gap soared 10.8% after handily beating analysts' third-quarter earnings and revenue expectations, while raising its own revenue forecast for the year. Discount retailer Ross Stores rose 1.5% after raising its earnings forecast for the year. EchoStar fell 2.4% after DirecTV called off its purchase of that company's Dish Network unit. Smaller company stocks had some of the biggest gains. The Russell 2000 index rose 1.8%. A majority of stocks in the S&P 500 were gaining ground, but those gains were kept in check by slumps for several big technology companies. Nvidia fell 3.3%. Its pricey valuation makes it among the heaviest influences on whether the broader market gains or loses ground. The company has grown into a nearly $3.6 trillion behemoth because of demand for its chips used in artificial-intelligence technology. Intuit, which makes TurboTax and other accounting software, fell 5.6%. It gave investors a quarterly earnings forecast that fell short of analysts’ expectations. Facebook owner Meta Platforms fell 0.8% following a decision by the Supreme Court to allow a multibillion-dollar class action investors’ lawsuit to proceed against the company. It stems from the privacy scandal involving the Cambridge Analytica political consulting firm. European markets closed mostly higher and Asian markets ended mixed. Crude oil prices rose. Treasury yields held relatively steady in the bond market. The yield on the 10-year Treasury fell to 4.41% from 4.42% late Thursday. In the crypto market, Bitcoin hovered around $99,000, according to CoinDesk. It has more than doubled this year and first surpassed the $99,000 level on Thursday. Retailers remained a big focus for investors this week amid close scrutiny on consumer spending habits headed into the holiday shopping season. Walmart, the nation's largest retailer, reported a quarter of strong sales and gave investors an encouraging financial forecast. Target, though, reported weaker earnings than analysts' expected and its forecast disappointed Wall Street. Consumer spending has fueled economic growth, despite a persistent squeeze from inflation and high borrowing costs. Inflation has been easing and the Federal Reserve has started trimming its benchmark interest rates. That is likely to help relieve pressure on consumers, but any major shift in spending could prompt the Fed to reassess its path ahead on interest rates. Also, any big reversals on the rate of inflation could curtail spending. Consumer sentiment remains strong, according to the University of Michigan's consumer sentiment index. It revised its latest figure for November to 71.8 from an initial reading of 73 earlier this month, though economists expected a slight increase. It's still up from 70.5 in October. The survey also showed that consumers' inflation expectations for the year ahead fell slightly to 2.6%, which is the lowest reading since December of 2020. Wall Street will get another update on how consumers feel when the business group The Conference Board releases its monthly consumer confidence survey on Tuesday. A key inflation update will come on Wednesday when the U.S. releases its October personal consumption expenditures index. The PCE is the Fed's preferred measure of inflation and this will be the last PCE reading prior to the central bank's meeting in December.
The Harbour Masters 64 Discord has announced the development of "Starship," a native PC Port of Star Fox 64 subsequently demoed on Twitch and YouTube by Star Fox speedrunner Rakanai. Harbour Masters 64 is the development community behind Ship of Harkinian , a 2022 native PC port of The Legend of Zelda: Ocarina of Time. "Harbour Masters 64 is pleased to announce the development of Starship—a PC port of Star Fox 64 (aka "Lylat Wars")! Led by Sonic Dreamcaster and Samplywx," reads the announcement on the Harbour Masters 64 Discord. "Thanks to the hard work and dedication of many others over the course of several months, we have gotten the game to a state where we feel comfortable showcasing it for you." You've been able to play Star Fox 64 on your PC for many years now via emulation, but native ports represent a new threshold of quality. Emulation is a broad tool that will allow most, if not all, of a console's games to run on PC (or a powerful enough device like a Steam Deck or smartphone) to an acceptable standard. A native port, meanwhile, is a specific effort to make a game run on PC without a demanding emulation layer. Native ports require painstaking decompilation of a game's source code and a great deal of development effort, but result in a far superior experience. Some advantages include: High resolution support without stretching the UI or otherwise compromising the experience. Ultrawide support. Elimination of persistent glitches present in emulation. High framerate support without introducing speedup glitches. Lower system demands. Modding potential. All pretty desirable, exciting stuff, and the beta gameplay shown off by Rakanai is incredibly crisp—N64-era art still holds up remarkably well even at super-high resolutions and fast framerates. What's more, native ports are, like emulation, perfectly legal—you still have to supply your own ROM to run native ports like Starship. In the past, I've found the OpenGOAL native ports of the Jak and Daxter games to be absolutely essential compared to straight up emulation. Rakanai said on-stream that the Starship port of Star Fox 64 is planned to release sometime in December—just in time for everybody's time off for the holidays. The biggest gaming news, reviews and hardware deals Keep up to date with the most important stories and the best deals, as picked by the PC Gamer team.Cowboys shutting down CeeDee Lamb with 2 games to go over receiver's shoulder issueAP News Summary at 6:50 p.m. EST
Anoto Group AB (the " Company " or " Anoto ") hereby announces the outcome of the Company’s rights issue of approximately SEK 50 million (the “ Rights Issue ”) for which the subscription period ended on 19 December 2024. The Rights Issue has been subscribed to approximately 37.5 percent with and without the support of subscription rights. Underwriting commitments of 259,308,520 shares, corresponding to approximately 62.5 percent of the Rights Issue, will thus be utilized. The Rights Issue provides the Company with proceeds of approximately SEK 50 million before transaction costs and before set-off of loans. Final outcome In the Rights Issue, 154,891,590 shares were subscribed for with subscription rights, corresponding to approximately 37.3 percent of the Rights Issue. In addition, 623,720 shares were subscribed for without the support of subscription rights, corresponding to approximately 0.2 percent of the Rights Issue. Together, subscription with and without the support of subscription rights thus corresponds to approximately 37.5 percent of the Rights Issue. Thus, guarantee commitments of 259,308,520 shares, corresponding to approximately 62.5 percent of the Rights Issue, will be utilised. This entails that the authorisation to decide on an over-allotment issue if the Rights Issue was oversubscribed, which was resolved by the extraordinary general meeting on 26 November 2024, will not be utilised. The proceeds from the Rights Issue, together with the directed issue of approximately SEK 15 million (the “ Directed Issue ”) and the set-off issue of approximately SEK 21 million (the “ Set-off Issue ”) as announced on 25 October 2024 and resolved by the EGM on 26 November 2024, amounts to approximately SEK 86 million before transaction related costs. Of the issue proceeds, approximately SEK 47 million relates to set-off of loans in the issues. The last day of trading with BTAs is expected to occur on or about 8 January 2025. The first day of trading the new shares on Nasdaq Stockholm is expected to be 16 January 2025. Notice of allotment Allotment of shares has taken place in accordance with the allotment principles set out in the prospectus that was published on 29 November 2024. Notice of allotment to the persons who have subscribed for shares without subscription rights is expected to be distributed on 27 December 2024. Such subscribed and allotted shares shall be paid for in cash in accordance with the instructions on the contract note. Subscribers who have subscribed for shares through a nominee will receive notification of allocation in accordance with the respective nominee’s procedures. Only those who have been allotted shares will be notified. Compensation for guarantee commitments In connection with the Rights Issue, a number of investors have provided guarantee commitments consisting of a so-called bottom guarantee of approximately SEK 21.2 million, corresponding to approximately 42.6 percent of the Rights Issue, and a so-called top guarantee of approximately SEK 13.6 million, corresponding to approximately 27.3 percent of the Rights Issue. For the guarantee undertakings a fee of 14 percent of the guaranteed amount will be paid in cash compensation or in the form of new shares, in the form of a directed set-off issue. The subscription price for shares issued as compensation for guarantee commitments is set at SEK 0.12 per share, which corresponds to the subscription price in the completed Rights Issue. A resolution on a directed set-off issue to the underwriters, if any, will be announced through a separate press release. New number of shares Through the Rights Issue, including the shares to be issued in connection with the Directed Issue and the Set-off Issue, the number of shares in Anoto will increase by 770,503,691 shares from 331,859,066 shares to 1,102,362,757. Advisers Setterwalls Advokatbyrå is acting as legal advisor and Berg Securities AB is acting as Sole Global Coordinator and Bookrunner to the Company in connection with the issues. This press release was published, through the agency of the contact persons set out below, at 01:00 on 30 December 2024. For further information, please contact: Kevin Adeson, Chairman of the board of Anoto Group AB (publ) For more information about Anoto, please visit www.anoto.com or email ir@anoto.com Anoto Group AB (publ), Reg.No. 556532-3929, Flaggan 1165, SE-116 74 Stockholm About Anoto Group Anoto is a publicly held Swedish technology company known globally for innovation in the area of information-rich patterns and the optical recognition of those patterns. It is a lead-er in digital writing and drawing solutions, having historically used its proprietary technology to develop smartpens and related software. These smartpens enrich the daily lives of millions of people around the world. Anoto currently has three main business lines: Livescribe retail, Enterprise Forms and OEM. Anoto also holds a stake in Knowledge AI, a leading AI based education solution company. Anoto is traded on the Small Cap list of Nasdaq Stockholm under ANOT. Attachment Anoto Press Release 30 December 2024 (SV)Spyre Therapeutics, Inc. (NASDAQ:SYRE) Given Consensus Recommendation of “Buy” by Analysts
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Major stock indexes we mixed on Wall Street in afternoon trading Monday, marking a choppy start to a holiday-shortened week. The S&P 500 rose 0.6%. The Dow Jones Industrial Average slipped 21 points, or 0.1% as of 2:22 p.m. Eastern time. The tech-heavy Nasdaq composite rose 1%. Gains in technology and communications stocks helped outweigh losses in consumer goods companies and elsewhere in the market. Semiconductor giant Nvidia, whose enormous valuation gives it an outsize influence on indexes, rose 3.6%. Broadcom jumped 5.7% to also help support the broader market. Walmart fell 2.2% and PepsiCo slid 1.3%. Japanese automakers Honda Motor and Nissan said they are talking about combining in a deal that might also include Mitsubishi Motors. U.S.-listed shares in Honda jumped 12.1% , while Nissan fell 0.9%. Eli Lilly rose 3.3% after announcing that regulators approved Zepbound as the first and only prescription medicine for adults with sleep apnea. Department store Nordstrom fell 1.7% after it agreed to be taken private by Nordstrom family members and a Mexican retail group in a $6.25 billion deal. The Conference Board said that consumer confidence slipped in December. Its consumer confidence index fell back to 104.7 from 112.8 in November. Wall Street was expecting a reading of 113.8. The unexpectedly weak consumer confidence update follows several generally strong economic reports last week. One report showed the overall economy grew at a 3.1% annualized rate during the summer, faster than earlier thought. The latest report on unemployment benefit applications showed that the job market remains solid. A report on Friday said a measure of inflation the Federal Reserve likes to use was slightly lower last month than economists expected. Worries about inflation edging higher again had been weighing on Wall Street and the Fed. The central bank just delivered its third cut to interest rates this year, but inflation has been hovering stubbornly above its target of 2%. It has signaled that it could deliver fewer cuts to interest rates next year than it earlier anticipated because of concerns over inflation. Expectations for more interest rate cuts have helped drive a 25% gain for the S&P 500 in 2024. That drive included 57 all-time highs this year. Inflation concerns have added to uncertainties heading into 2025, which include the labor market's path ahead and shifting economic policies under an incoming President Donald Trump. "Put simply, much of the strong market performance prior to last week was driven by expectations that a best-case scenario was the base case for 2025," said Brent Schutte, chief investment officer at Northwestern Mutual Wealth Management Company Treasury yields rose in the bond market. The yield on the 10-year Treasury rose to 4.59% from 4.53% late Friday. European markets were mostly lower, while markets in Asia gained ground. Wall Street has several other economic reports to look forward to this week. On Tuesday, the U.S. will release its November report for sales of newly constructed homes. A weekly update on unemployment benefits is expected on Thursday. Markets in the U.S. will close at 1 p.m. Eastern on Tuesday for Christmas Eve and will remain closed on Wednesday for Christmas.International Coffee & Tea Data Breach Exposes Personal Information: Murphy Law Firm Investigates Legal ClaimsNew pro-European coalition approved in Romania amid period of political turmoil
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