Bank of America Announces Full Redemption of Its Series MM Preferred Stock and Related Depositary SharesPennsylvania State University will not charge ex-NFL star Jason Kelce over an on-campus incident where he smashed a fan’s phone. The incident took place in November when the retired Philadelphia Eagles center was at Penn State University’s Beaver Stadium for ESPN’s College GameDay broadcast as they took on Ohio State University. A viral video on X/Twitter showed a man yelling: “Hey, Kelce. How does it feel your brother’s a f***** dating Taylor Swift?” Kelce angrily grabbed the fan’s phone and smashed it to the ground , saying: “Who’s the f***** now?” A public information officer with the Penn State University Campus Police Department, Jacqueline Sheader, confirmed in a statement to People that the investigation is now closed. “The individual in the video footage circulating on social media has not been identified, and no one has come forward to University Police with a related complaint about damage to personal property,” Sheader told the outlet. Following the incident, Kelce appeared on ESPN to formally apologize for his actions. “I think everybody’s seen on social media everything that took place this week,” he said. “Listen, I’m not happy with anything that took place. I’m not proud of it. In a heated moment, I chose to greet hate with hate and I just don’t think that’s a productive thing, I really don’t. I don’t think it leads to discourse and it’s the right way to go about things. In that moment I fell down to a level that I shouldn’t have.” “The bottom line is, I try to live my life by the golden rule, that’s what I’ve always been taught,” he said. “I try to treat people with common decency and respect, and I’m going to keep doing that moving forward.” During an episode of his New Heights podcast with his younger brother, Travis Kelce, featured the two of them also talking about the incident . “You had some f***ing clown come up to you talking about your family,” the Kansas City Chiefs tight end said. “You reacted in a way that was defending your family and you might have used some words that you regret using.” Travis admitted at the time that the incident was “weighing on him” as more people continued to post about what had happened in addition to giving their opinion on it. Jason mentioned that he would only be talking about the incident one more time because he wanted to “stop talking about this really stupid situation.” The retired NFL player admitted he should have stayed quiet and kept walking to avoid giving the man any kind of attention. He said his biggest regret from the situation was repeating the slur that the fan had used. “It’s dehumanizing and it got under my skin and it elicited a reaction. In the heat of the moment, I thought, ‘Hey, what can I say back to him? I’m gonna throw this s*** right back into his face. F*** him,’” Jason said.
RA Capital Management Announces Close of $1.4 Billion Acquisition of Aliada Therapeutics by AbbVieRevolutionary Transparent Antenna with Ultra-Thin Copper Circuit Technology SEOUL, South Korea , Dec. 23, 2024 /PRNewswire/ -- CIT Co. Ltd., a leading startup in advanced materials, has been awarded the CES 2025 Innovation Award in the Vehicle Tech & Advanced Mobility category for its revolutionary transparent antenna, "Dolphin." Inspired by a dolphin's ability to detect a wide range of frequencies, Dolphin represents a groundbreaking innovation in the field, supporting the broadest range of frequencies among transparent antennas. Meeting the Needs of Next-Generation Vehicles The automotive industry is rapidly transforming with autonomous driving technologies and the rise of Software Defined Vehicles (SDVs), often described as "smartphones on wheels." These advancements demand fast and reliable data transmission, yet existing transparent antennas are limited in frequency range and application. CIT's Dolphin addresses these challenges with a design that combines unparalleled performance and flexibility. Dolphin operates across six frequency bands, from L-band to K-band, and supports frequencies up to 20 GHz, making it uniquely suited for 5G communication. Its exceptional frequency coverage significantly surpasses that of conventional antennas, meeting the needs of modern connected vehicles. Transparency and Sustainability at Its Core Dolphin achieves an extraordinary 90% transparency using ultra-thin copper circuits less than 10 nanometers thick—1,000 times thinner than a human hair. This innovative design ensures the antenna is virtually invisible when integrated into car windows or other glass surfaces. In contrast, traditional antennas rely on copper circuits 5 to 10 micrometers thick, which cannot match Dolphin's sleek and flexible design. In line with CIT's commitment to sustainability, Dolphin is manufactured using recycled copper wires, reducing its carbon footprint to just 1/1000th of that of traditional antennas. This eco-friendly approach supports CIT's goal of environmentally responsible production. Expanding Applications Beyond Vehicles Dolphin's potential extends far beyond automotive applications. It can be utilized in smart building windows, streetlights, and bus stop glass panels, enabling innovative solutions for urban infrastructure. Additionally, CIT's advanced material technology has been applied to create transparent displays. These displays use ultra-thin copper circuits that are invisible to the human eye, delivering a clear and seamless viewing experience. Transparent displays are increasingly popular in digital signage, exhibition halls, commercial spaces, and transportation systems such as cars, buses, and trains. Showcasing Innovation at CES 2025 CIT will present its award-winning transparent antenna, Dolphin, alongside its transparent display technology at CES 2025 in Las Vegas . Visitors can experience these innovations firsthand at the Venetian Expo, Halls A-D, Booth #50769. For additional details about CIT's CES 2025 Innovation Award-winning transparent antenna, Dolphin, visit CIT's Innovation Award Site. To learn more about Dolphin's groundbreaking technology and applications, watch the product introduction video: Discover Dolphin. About CIT CIT is a leading advanced materials startup founded in 2023. Since its foundation, the company has been growing quickly and steadily, specializing in innovative materials like low-dielectric FCCL (Flexible Copper Clad Laminate), transparent antennas, and transparent displays. These advanced products are used in industries such as automotive, smart buildings, and AR/VR technology. CIT has earned recognition for its innovative technology by winning major awards, including the CES 2025 Innovation Award, the FLY ASIA Advanced Manufacturing Award (2024), and the Public Technology Commercialization Innovation Award (2024). The company also focuses on sustainability by using recycled copper wires to manufacture its products, reducing carbon emissions to 1/1000 of traditional methods. By collaborating with global companies, CIT is working to bring its groundbreaking products to market and striving to become a global leader in advanced materials for next-generation technologies.
A landmark $600 million deal for a Papua New Guinea team to enter the National Rugby League comes with an escape clause allowing the Australian government to immediately terminate the agreement if PNG strikes a security or policing pact with China or other rival nations over the next decade. Prime Minister Anthony Albanese and PNG Prime Minister James Marape announced at a joint press conference in Sydney that a Port Moresby-based team will enter the NRL from 2028. The PNG team is likely to want Xavier Coates to be its inaugural marquee signing. Credit: Getty “Australia and PNG are the nearest of neighbours and we are the truest of friends,” Albanese said. “We are bound by a history of shared sacrifice and a common commitment to a peaceful, stable and prosperous Pacific. And we are united of course by a love of rugby league. That’s why I’m delighted to announce the Australian government is supporting a PNG team to join the NRL competition from 2028.” “Rugby league is PNG’s national sport and PNG deserves a national team. The new team will belong to the people of PNG and it will call Port Moresby home. It will have millions of people barracking for it from day one.” The leaders hailed the deal as a historic milestone for the PNG-Australia relationship that will bond the nations together and provide a major economic boost to the Pacific’s most populous nation as it seeks to lift much of its population out of poverty. There’s no questioning Papua New Guinea’s passion for rugby league. Credit: Getty “What this is about, isn’t just the elite level,” Albanese said. “This is about the grassroots level. It’s about economic development. It’s about the relationship between our peoples. It provides, as sport often does, an opportunity for people to succeed, not just in sport but in life. “That is why this partnership isn’t just about Papua New Guinea, it’s also about our relationship with the Pacific.” Australian taxpayers will provide $600 million over the next 10 years to help establish the team, with $120 million coming from existing Department of Foreign Affairs and Trade funding. The PNG government has committed to building compound-style accommodation for players and offering tax-free salary benefits to lure star players to its capital, Port Moresby. The Australian and PNG governments have signed a separate agreement on “shared strategic trust” that sits beside the franchise agreement between the NRL, Australia and PNG. The exact terms of the strategic trust agreement are confidential and will not be released to the public. “Today also confirms ... our bilateral security agreement, which was signed just over a year ago in Canberra,” Albanese said. “Since signing that agreement, we’ve made real progress with Australia providing tangible support to PNG’s internal security priorities ... I think that today is a day where people will look back in five years, 10 years, 20 years and see that this was a day where the relationship between our nations was cemented even further into a new level.” While there is no explicit clause granting Australia veto rights over security deals between PNG and other countries, government sources said the NRL agreement was “contingent” on PNG continuing to support the principle that security and policing arrangements are handled by Pacific nations including Australia. The sources, who were not authorised to speak publicly, said the agreement allows the Australian government to withdraw financial support for PNG’s NRL team without supplying a reason until 2035. The NRL would be required to terminate the PNG team’s franchise if the Australian government removes its support under the terms of the agreement. “This is about diplomacy, this is about making Australia safer, this is about securing our status as the security partner of choice in the Pacific,” a senior government source said. The government announced a new treaty earlier this week with Nauru that allows it to block China and other countries from striking any security or telecommunications deals with the tiny Pacific nation in exchange for $140 million in financial support from Australian taxpayers. PNG’s Foreign Minister Justin Tkatchenko told this masthead last week that the agreement has “nothing to do with China” but Australian government officials have insisted there was a security element to the agreement. A separate clause prohibits the NRL from asking the Australian government for more money within or after the 10-year funding period. The logo, colours and name of the PNG team are yet to be determined. One option is for the club to be called the PNG Hunters, the name given to the team that has been playing in the Queensland Cup competition since 2014. Prime Minister Anthony Albanese and PNG counterpart James Marape discussed PNG’s NRL bid while walking the Kokoda Track in April. Credit: Dominic Lorrimer “I want to indicate to everyone here in Australia and back home, we’re not just filling the numbers for Anthony [Albanese] and James [Marape] to feel good,” Marape said. “Far from it. We want to win the competition. Just like the Dolphins did in their first year of entry [in 2023], we will field a very strong team in the first game in 2028. “As South Sydney lives on 100 years on from its birth, this one will live on way after you [Albanese] and me are gone. Our people forever bound in not only a shared love for rugby league, but a shared love for each other.” It remains unclear whether PNG will be the NRL’s 18th or 19th team, given there is a desire to add another side as early as 2027. The NRL remains in negotiations for a Perth-based franchise, which are continuing directly with the WA government after a consortium bid was rejected. Sources said negotiations over the PNG team were up in the air until the May NRL “magic round” in May, when Pacific Minister Pat Conroy and Australian Rugby League chairman Peter V’landys struck an in-principle agreement for a team to enter the competition. One of the likely signing targets for the franchise is Xavier Coates. The Melbourne, Queensland and Australian star was born in Port Moresby, has previously represented Fiji and, given he is only 23 years old, will likely be in his prime when the team enters the NRL. His younger brother, Phillip, is also a rising star who represented the PNG Junior Kumuls in their recent draw with the Australian Schoolboys team. As a sweetener to sign with PNG, players and staff will be granted tax-free status. That will allow a marquee signing on a $1.2 million deal to save up to $550,000 a year. The expansion of the NRL competition is expected to bring more money into the game and the existing clubs have argued for a share. They have been placated by the division of a $60 million license fee, which will come out of the $600 million Australian government payment. Cut through the noise of federal politics with news, views and expert analysis. Subscribers can sign up to our weekly Inside Politics newsletter .Chefs Warehouse Stock Hits All-Time High at $44.66 Amid Robust Growth
In a nutshell: Rumors regarding Intel partially divesting its foundry division have circulated since an insider leak last month. The company addressed those rumors this week, confirming its fabrication operation would become an independently run subsidiary. Head honcho Pat Gelsinger calls it "the next phase" of his plan to "transform" Intel into the powerhouse it once was. On Monday, Intel CEO Pat Gelsinger informed employees that the company is transforming its foundry arm into an independent subsidiary, confirming insider leaks from August. According to the press release, disguised as a message to employees, the decision emerged last week after what Gelsinger described as a "highly productive and supportive Board meeting." As an independent subsidiary, the foundry can accept outside investments and allocate funds within a separate budget. This separation will allow the foundry to run more efficiently. "Collectively, these changes are critical steps forward as we build a leaner, simpler and more efficient Intel," Gelsinger said. "And they build on the immediate progress we have made since announcing our plan on August 1 to create a more competitive cost structure." The foundry will keep its current leadership and form an independent board of directors. A confidential source told CNBC that the company is considering turning it into a publicly traded spinoff. Gelsinger says the foundry will expand its relationship with Amazon Web Services (AWS) with co-investments in new chip designs, including an AI chip for AWS and a custom Xeon 6 chip based on Intel's 3nm process. Intel's foundry has been particularly troubled recently. After spending two years and $50 billion expanding its fab operations, the company turned in a dreadful Q2 2024 earnings report . Gelsinger called it "disappointing," but investors promptly launched a class-action suit claiming that executives, including Gelsinger and CFO David Zinsner, issued "materially false and misleading" statements about its foundry business. The news of the foundry split caused stock prices to rebound nearly 22 percent from a low of $18.60 per share just five days ago to $22.66 during trading on Monday. However, it's still a far cry from the $49.55 stock price investors enjoyed in January. Gelsinger remains confident that he can turn things around. In addition to the continued broadening of its AWS relationship, the company received a $3 billion cash injection thanks to the CHIPS ad Science Act. However, the company still plans to cut 15,000 jobs by year's end. Nobody knows if they are getting let go, but the boss said the company would notify "impacted employees" beginning in the middle of next month. It is also divesting two-thirds of its global real estate holdings by the end of the year.RENO, Nev., Dec. 11, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) (“Ormat” or the “Company”), a leading geothermal and renewable energy technology company, announced today the commencement of an underwritten secondary offering of an aggregate of 3,700,000 shares of its common stock on behalf of ORIX Corporation. Ormat is not offering any of its common stock in the offering for its own account and will not receive any proceeds from the sale of the shares being offered by the selling stockholder. Goldman Sachs & Co. LLC is acting as the sole book-running manager and underwriter for the offering. Goldman Sachs & Co. LLC will have a 30-day option to purchase up to an additional 555,000 shares of Ormat’s common stock from ORIX Corporation. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. The offering is being made pursuant to an automatically effective shelf registration statement on Form S-3 filed with the U.S. Securities and Exchange Commission on December 11, 2024. The offering may be made only by means of a base prospectus and a related prospectus supplement, copies of which may be obtained by contacting c/o Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, or by telephone at (866) 471-2526, or email at prospectus-ny@ny.email.gs.com . ABOUT ORMAT TECHNOLOGIES With over five decades of experience, Ormat Technologies, Inc. is a leading geothermal company and the only vertically integrated company engaged in geothermal and recovered energy generation (“REG”), with robust plans to accelerate long-term growth in the energy storage market and to establish a leading position in the U.S. energy storage market. The Company owns, operates, designs, manufactures and sells geothermal and REG power plants primarily based on the Ormat Energy Converter – a power generation unit that converts low-, medium- and high-temperature heat into electricity. The Company has engineered, manufactured and constructed power plants, which it currently owns or has installed for utilities and developers worldwide, totaling approximately 3,400MW of gross capacity. Ormat leveraged its core capabilities in the geothermal and REG industries and its global presence to expand the Company’s activity into energy storage services, solar Photovoltaic (PV) and energy storage plus Solar PV. Ormat’s current total generating portfolio is 1,500MW with a 1,230MW geothermal and solar generation portfolio that is spread globally in the U.S., Kenya, Guatemala, Indonesia, Honduras, and Guadeloupe, and a 270MW energy storage portfolio that is located in the U.S. FORWARD-LOOKING STATEMENTS Information provided in this press release may contain statements relating to current expectations, estimates, forecasts and projections about future events that are “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements concerning the completion of the offering. Actual future results may differ materially from those projected as a result of certain risks and uncertainties and other risks described under “Risk Factors” as described in Ormat’s annual report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on February 23, 2024, and in Ormat’s subsequent quarterly reports on Form 10-Q and annual reports on Form 10-K that are filed from time to time with the SEC. These forward-looking statements are made only as of the date hereof, and, except as legally required, Ormat undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.Manchin, Sinema prevent Democrats from locking in majority on labor board through 2026 WASHINGTON (AP) — Senate Democrats failed in their bid to confirm a Democratic member of the National Labor Relations Board after the Senate rejected a razor-thin vote that hinged on the pivotal rejections of independent Sens. Joe Manchin of West Virginia and Kyrsten Sinema of Arizona. If the nomination had been successful, the board would have had a Democratic majority until 2026. President-elect Donald Trump will now have a chance to nominate a replacement. The NLRB is a government agency that handles labor relations and unionization in the workplace. It also has the power to investigate potential unfair labor practices, meaning its leadership is highly scrutinized by business interests and labor groups. The failed vote is another blow to Senate Democrats and outgoing President Joe Biden's agenda. Arizona AG sues Saudi firm over 'excessive' groundwater pumping, saying it's a public nuisance PHOENIX (AP) — Arizona Attorney General Kris Mayes says she is suing a Saudi Arabian agribusiness over what she calls “excessive pumping” of groundwater. She alleges that the Fondomonte alfalfa farm in western Arizona is violating a public nuisance law even though the area has no groundwater pumping regulations. Mayes said Wednesday that Fondomonte's use of groundwater threatens the public health, safety and infrastructure of local communities in rural La Paz County. It's Arizona's latest action against foreign companies that use huge amounts of groundwater to grow thirsty forage crops for export. The Associated Press emailed Fondomonte seeking a response to the lawsuit. US inflation ticked up last month as some price pressures remain persistent WASHINGTON (AP) — Fueled by pricier used cars, hotel rooms and groceries, inflation in the United States moved slightly higher last month in the latest sign that some price pressures remain elevated. Consumer prices rose 2.7% in November from a year earlier, up from a yearly figure of 2.6% in October. Excluding volatile food and energy costs, so-called core prices increased 3.3%. Measured month to month, prices climbed 0.3% from October to November, the biggest such increase since April. Wednesday’s inflation figures are the final major piece of data Federal Reserve officials will consider before they meet next week to decide on interest rates. The November increase won’t likely be enough to discourage the officials from cutting their key rate by a quarter-point. Albertsons sues Kroger for failing to win approval of their proposed supermarket merger Kroger and Albertsons’ plan for the largest U.S. supermarket merger in history has crumbled. The two companies have accused each other of not doing enough to push their proposed alliance through, and Albertsons pulled out of the $24.6 billion deal on Wednesday. The bitter breakup came the day after a federal judge in Oregon and a state judge in Washington issued injunctions to block the merger, saying that combining the two grocery chains could reduce competition and harm consumers. Albertsons is now suing Kroger, seeking a $600 million termination fee, as well as billions of dollars in legal fees and lost shareholder value. Kroger says the legal claims are “baseless.” Donald Trump will ring the New York Stock Exchange bell as he's named Time's Person of the Year NEW YORK (AP) — President-elect Donald Trump is expected to ring the opening bell at the New York Stock Exchange for the first time and be named Time magazine's Person of the Year. Thursday's events will be a notable moment of twin recognitions for Trump, a born-and-bred New Yorker who has long seen praise from the business world and media as a sign of success. Four people with knowledge of his plans told The Associated Press that Trump was expected to be on Wall Street on Thursday to mark the ceremonial start of the day's trading, while a person familiar with the selection confirmed that Trump had been selected as Time's Person of the Year. Supreme Court allows investors' class action to proceed against microchip company Nvidia WASHINGTON (AP) — The Supreme Court is allowing a class-action lawsuit that accuses Nvidia of misleading investors about its past dependence on selling computer chips for the mining of volatile cryptocurrency to proceed. The court’s decision Wednesday comes the same week that China said it is investigating the the microchip company over suspected violations of Chinese anti-monopoly laws. The justices heard arguments four weeks ago in Nvidia’s bid to shut down the lawsuit, then decided that they were wrong to take up the case in the first place. They dismissed the company’s appeal, leaving in place an appellate ruling allowing the case to go forward. Apple's latest iPhones get the gift of more AI as holiday shopping season heats up SAN FRANCISCO (AP) — Apple is pumping more artificial intelligence into the latest iPhones during the holiday shopping season. It comes in the form of a free software update that includes a feature that enables users to create customized emojis within a matter of seconds. The Wednesday release of the iPhone’s upgraded operating system extends Apple’s expansion into AI months after rivals such as Samsung and Google began implanting the revolutionary on their devices. The update builds upon another one that came out in late October. The latest round of AI tricks includes “Genmojis,” Apple’s description of emojis that iPhone users will be able to ask the technology to create and then share. EU targets Russia's ghost fleet shipping oil in a new round of sanctions BRUSSELS (AP) — European Union envoys have agreed a new raft of sanctions against Russia over its war on Ukraine. The EU's Hungarian presidency said Wednesday that the measures will target in particular a vast shadow fleet of ships that Moscow is exploiting to skirt restrictions on transporting oil and fuel. The sanctions are aimed at about 50 of what are routinely decrepit ships. The sanctions will hit more officials and entities alleged to be helping Russia to improve its military technology by evading export restrictions. EU foreign ministers are set to formally adopt the sanctions package on Monday. Can ordinary citizens solve our toughest problems? BEND, OREGON (AP) — Research shows Americans are frustrated with what they perceive as aloofness and gridlock within civic institutions. Citizen assemblies may be able to help. The groups which have direct involvement in decision-making can help “overcome polarization and strengthen societal cohesion,” says Claudia Chwalisz, founder of DemocracyNext. Her nonprofit, launched in Paris in 2022, champions such assemblies worldwide, hoping they can “create the democratic spaces for everyday people to grapple with the complexity of policy issues, listen to one another, and find common ground.” In Europe, examples of such changes abound. In the United States, results are spottier. Making a $1B investment in the US? Trump pledges expedited permits — but there are hurdles WASHINGTON (AP) — President-elect Donald Trump is promising expedited federal permits for energy projects and other construction worth more than $1 billion. But like other Trump plans, the idea is likely to run into regulatory and legislative hurdles, including a landmark law that requires federal agencies to consider the environmental impact before deciding on major projects. Environmental groups called the plan a clear violation of the National Environmental Policy Act. The chief policy advocacy officer at the Natural Resources Defense Council says Trump should be careful what he wishes for. She said, "What if someone wants to build a waste incinerator next to Mar-a-Lago or a coal mine next to Bedminster golf course?”Israel strikes Houthi rebels in Yemen's capital while WHO chief says he was meters away
US pushed retraction of Gaza famine warning
Too early to celebrate – Arne Slot keeps leaders Liverpool focusedTORONTO , Dec. 5, 2024 /CNW/ - Vaultie is proud to announce that they have been awarded a contract with the Government of Canada , through the Innovative Solutions Canada program, to allow government agencies to test verifiable credentials and digital Vaults for citizens. This significant achievement allows Vaultie to offer its digital Vault technology to all departments of the Government of Canada . Work has already kicked off with the first testing department, matched by Innovation, Social, and Economic Development Canada (ISED), in the fall of 2024, and is open to additional departments. There are broad-reaching use cases for authenticatable documents across the government, including proof of income, proof of status, validation of identity, and business verification. Vaults empower users to securely store and share documents using verifiable credentials while retaining full control over their data. The solution ensures that documents—whether proof of income, proof of status, or business verification—are both authentic and tamper-proof. For Canadians, this translates into fewer hurdles in proving document validity, reduced fraud risk, and new possibilities in open banking, application processes, and verification and validation of credentials. All while giving Canadians full control over who can view and use their data. "We're tremendously excited to be working with the Government on demonstrating how we can deliver safe digital infrastructure for Canadians," exclaimed Meyer Mechanic , Founder and CEO. "To have buy-in from the federal government through the Innovation Solutions Canada Testing Stream is a major milestone on our way to building privacy-first digital public infrastructure for Canadians." He added, "Vaults make it easy for Canadians to prove information they've received is authentic, which reduces fraud and opens up new avenues in open banking and service delivery." About Vaultie Vaultie is a Canadian startup that makes it safe and easy to protect and share documents. It's building a digital trust ecosystem where users can prove their affiliation with companies, governments, and other individuals by sharing documents proven to be from a specific source and unaltered. In the last year, Vaultie has been adopted by more than 700 law firms across Canada to enable identity verification, document provenance, and authenticity. The team is very proud to have created more than 30,000 digital vaults for Canadians. To learn more visit www.vaultie.io . SOURCE Vaultie View original content: http://www.newswire.ca/en/releases/archive/December2024/05/c7332.html © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Boxing Day shopper footfall was down 7.9% from last year across all UK retail destinations up until 5pm, MRI Software’s OnLocation Footfall Index found. However, this year’s data had been compared with an unusual spike in footfall as 2023 was the first “proper Christmas” period without Covid-19 pandemic restrictions, an analyst at the retail technology company said. It found £4.6 billion will be spent overall on the festive sales. Before the pandemic the number of Boxing Day shoppers on the streets had been declining year on year. The last uplift recorded by MRI was in 2015. Jenni Matthews, marketing and insights director at MRI Software, told the PA news agency: “We’ve got to bear in mind that (last year) was our first proper Christmas without any (Covid-19) restrictions or limitations. “Figures have come out that things have stabilised, we’re almost back to what we saw pre-pandemic.” There were year-on-year declines in footfall anywhere between 5% and 12% before Covid-19 restrictions, she said. MRI found 12% fewer people were out shopping on Boxing Day in 2019 than in 2018, and there were 3% fewer in 2018 than in 2017, Ms Matthews added. She said: “It’s the shift to online shopping, it’s the convenience, you’ve got the family days that take place on Christmas Day and Boxing Day.” People are also increasingly stocking-up before Christmas, Ms Matthews said, and MRI found an 18% increase in footfall at all UK retail destinations on Christmas Eve this year compared with 2023. Ms Matthews said: “We see the shops are full of people all the way up to Christmas Eve, so they’ve probably got a couple of good days of food, goodies, everything that they need, and they don’t really need to go out again until later on in that week. “We did see that big boost on Christmas Eve. It looks like shoppers may have concentrated much of their spending in that pre-Christmas rush.” Many online sales kicked off between December 23 and the night of Christmas Day and “a lot of people would have grabbed those bargains from the comfort of their own home”, she said. She added: “I feel like it’s becoming more and more common that people are grabbing the bargains pre-Christmas.” Footfall is expected to rise on December 27 as people emerge from family visits and shops re-open, including Next, Marks and Spencer and John Lewis that all shut for Boxing Day. It will also be payday for some as it is the last Friday of the month. A study by Barclays Consumer Spend had forecast that shoppers would spend £236 each on average in the Boxing Day sales this year, but that the majority of purchases would be made online. Nearly half of respondents said the cost-of-living crisis will affect their post-Christmas shopping but the forecast average spend is still £50 more per person than it was before the pandemic, with some of that figure because of inflation, Barclays said. Amid the financial pressures, many people are planning to buy practical, perishable and essential items such as food and kitchenware. A total of 65% of shoppers are expecting to spend the majority of their sales budget online. Last year, Barclays found 63.9% of Boxing Day retail purchases were made online. However, a quarter of respondents aim to spend mostly in store – an 11% rise compared with last year. Karen Johnson, head of retail at Barclays, said: “Despite the ongoing cost-of-living pressures, it is encouraging to hear that consumers will be actively participating in the post-Christmas sales. “This year, we’re likely to see a shift towards practicality and sustainability, with more shoppers looking to bag bargains on kitchen appliances and second-hand goods.” Consumers choose in-store shopping largely because they enjoy the social aspect and touching items before they buy, Barclays said, adding that high streets and shopping centres are the most popular destinations.
Meta to build $10 billion AI data center in Louisiana as Elon Musk expands his Tennessee AI facilityThis article contains affiliate links. We may earn a small commission on items purchased through this article, but that does not affect our editorial judgement. Did you know with a Digital Subscription to Hartlepool Mail, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. It's inevitable that as battery technology progresses, portable power stations will become more, well, portable. And the latest developments have seen a raft of new, compact power stations arriving in 2024 that can keep gadgets topped up without adding too much bulk to your backpack. The Anker brand Solix has been one of the latest companies to throw its hat into this particular ring, and it's doing things a bit differently. Unlike some small portable power stations, the new Solix C300 is tall, narrow and designed to be carried with a strap. That makes it more versatile, and the fact it's 15% smaller than its rivals really helps. There are two versions of the C300, one has a pair of AC sockets with a small inverter built in, the other has just a 12v selection of outputs. I've been testing the AC version for a while, using it to power and charge all sorts of devices, and it hasn't missed a beat. The inverter can cope with constant loads of up to 300 watts , or a surge of up to 600 watts, so it'll comfortably run any laptop, or even some power tools, or a projector. The USB sockets, of which there are four, can pump out 140 watts , which is impressive, and the battery has a 288Wh capacity , which is effectively the same as around 90,000mAh. So it has plenty of power for most of the devices you could plausibly take with you on an outdoor excursion, or a camping trip. And it weighs just 4kg. The DC version , without the two three-pin sockets, is even lighter, and that one comes with a clever pop-out lamp on the top . The AC version makes do with a light bar, but it's pretty bright. They both have Anker's LCD display on the front, which makes monitoring inputs and outputs really easy, with a clear indicator of how much charge is left in percentage terms. Recharging can be done through the USB sockets , more slowly through the car charging socket, through a solar input up to 100 watts or, in the case of the AC version , at 330 watts through an AC input. The DC version, however, can accept two charging loads through its USB-C sockets , instead of just one on the AC version. This means you can potentially hose in 280 watts. It won't charge quite as quickly as the AC version, then, but it's very impressive. In fact, I do think the DC version is the more versatile device , overall. It's a bit lighter and smaller, it has that neat pop-up lamp, and unless you really need an AC socket , it's just as useful. In fact, using an inverter is quite inefficient, and you'll have to cope with a phantom load just by turning it on. If you can, you should always use the 12V supply. And then there's the price. This is where it gets interesting. At the time of publication, the DC version costs £149.99, down from its usual £199.99. Meanwhile the AC version, usually priced at £269.99, costs £189.99. It makes it something of a dilemma for buyers, because there's only a £40 difference between the two. And that £40 gets you a robust inverter and two AC sockets. But, like I say, if you don't need AC power , if you can cope with some very powerful USB sockets and you'd prefer the lightness and smaller size, go for the DC version . You won't be disappointed. They're both really good bits of kit.Bio-PET Market to Witness Stunning Growth | Major Giants Mitsubishi Chemical, BASF, PepsiCo, Coca-Cola
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Israel’s attorney general has ordered police to open an investigation into Benjamin Netanyahu’s wife on suspicion of harassing political opponents and witnesses in the Prime Minister’s corruption trial. The Israeli Justice Ministry made the announcement in a message late on Thursday, saying the investigation would focus on the findings of a recent report by the Uvda investigative programme into Sara Netanyahu. The programme uncovered a trove of WhatsApp messages in which Mrs Netanyahu appears to instruct a former aide to organise protests against political opponents and to intimidate Hadas Klein, a key witness in the trial. The announcement did not mention Mrs Netanyahu by name and the Justice Ministry declined further comment. Earlier on Thursday, Mr Netanyahu blasted the Uvda report as “lies”. It is the latest in a long line of legal troubles for the Netanyahus, highlighted by the PM’s ongoing corruption trial. Mr Netanyahu is charged with fraud, breach of trust and accepting bribes in a series of cases alleging he exchanged favours with powerful media moguls and wealthy associates. He denies the charges and says he is the victim of a “witch hunt” by overzealous prosecutors, police and the media.