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WASHINGTON (AP) — The chair of the Democratic National Committee informed party leaders on Monday that the DNC will choose his successor in February, an election that will speak volumes about how the party wants to present itself during four more years of Donald Trump in the White House. Jaime Harrison, in a letter to members of the party’s powerful Rules & Bylaws Committee, outlined the process of how the party will elect its new chair. Harrison said in the letter that the committee will host four candidate forums — some in person and some virtually — in January, with the final election on Feb. 1 during the party’s winter meeting in National Harbor, Maryland. The race to become the next chair of the Democratic National Committee, while an insular party affair, will come days after Trump is inaugurated for a second term. Democrats' selection of a leader after Vice President Kamala Harris’ 2024 loss will be a key starting point as the party starts to move forward, including addressing any structural problems and determining how to oppose Trump. Members of the Rules & Bylaws Committee will meet on Dec. 12 to establish the rules for these elections, which beyond the chair position will include top party roles like vice chairs, treasurer, secretary and national finance chair. The committee will also use that meeting to decide the requirements for gaining access to the ballot for those top party roles. In 2021, candidates were required to submit a nominating statement that included signatures from 40 DNC members and that will likely be the same standard for the 2025 campaigns. “The DNC is committed to running a transparent, equitable, and impartial election for the next generation of leadership to guide the party forward,” Harrison said in a statement. “Electing the Chair and DNC officers is one of the most important responsibilities of the DNC Membership, and our staff will run an inclusive and transparent process that gives members the opportunity to get to know the candidates as they prepare to cast their votes.” Two Democrats have announced campaigns for chair: Ken Martin, chair of the Minnesota Democratic-Farmer-Labor Party and a vice chair of the national party, and Martin O’Malley, the former Maryland governor and current commissioner of the Social Security Administration. Other top Democrats are either considering a run to succeed Harrison or are being pushed by party insiders, including former Texas Rep. Beto O’Rourke; Michael Blake, a former vice chair of the party; Ben Wikler, chair of the Democratic Party of Wisconsin; Rahm Emanuel, the U.S. ambassador to Japan and a former Chicago mayor; Sen. Mallory McMorrow, majority whip of the Michigan Senate, and Chuck Rocha, a longtime Democratic strategist. The next chair of the committee will be tasked with rebuilding a party demoralized by a second Trump victory. They will also oversee the party’s 2028 nominating process, a complex and contentious exercise that will make the chair central to the next presidential election. Harrison, of South Carolina, made clear in his letter to the rules committee that the four forums hosted by the party would be live streamed and the party would give grassroots Democrats across the country the ability to engage with the process through those events. He also said he intends to remain neutral during the chair election. This story has been corrected to show that McMorrow is a senator, not a representative.
With the artificial intelligence (AI) wave boosting Nvidia’s performance, many investors are wondering whether it’s time to shift focus to other promising tech stocks like Alphabet. Let’s explore the dynamics between these two tech giants. Nvidia’s Success Story Over the past two years, Nvidia has experienced skyrocketing growth, with annual sales hitting $113.3 billion by late 2024. This impressive performance is largely due to its pivotal role in powering AI innovations, such as the popular ChatGPT platform. Despite a historically high valuation, Nvidia’s stock remains cheaper than its summer 2023 peak. While the company’s profitability makes it a valuable asset, some believe future gains may already be priced into the stock. Alphabet: A Strong Contender Alphabet, Google’s parent company, reported $340 billion in revenue over the past year, generating robust free cash flows even amid challenges in the online advertising sector. The company’s investment in data centers signifies its commitment to future growth. At 26 times earnings, Alphabet’s stock appears more accessible compared to Nvidia, offering potential value as the advertising market rebounds. So, should you consider investing in Alphabet instead? The Investment Verdict While Nvidia’s dominance in AI hardware is undeniable, Alphabet presents a compelling alternative with a relatively undervalued stock and strong potential in AI software. As Nvidia faces increasing competition, diversifying with Alphabet could be wise. For long-term growth and stability, Alphabet stands out as a stock worth adding to your portfolio. Is It Time to Bet on Alphabet Over Nvidia? The tech world is constantly evolving, and with it, the investment landscape. As Nvidia continues to enjoy its position at the forefront of artificial intelligence (AI) innovation, there’s a growing interest among investors to explore alternative tech stocks like Alphabet, Google’s parent company. Pros and Cons of Investing in Nvidia Nvidia’s explosive growth has been fueled by its leading role in AI technologies and platforms such as ChatGPT. One of the major advantages of investing in Nvidia is its strong profitability and market leadership in AI hardware. However, the primary concern for potential investors is the high valuation of its stock, which is considerably lower than its peak in the summer of 2023, but still substantial. Additionally, as the AI market becomes more saturated, Nvidia could face increased competition, potentially impacting its future growth prospects. Alphabet’s Growth and Potential Alphabet, by contrast, provides a robust investment alternative, especially given its commitment to AI software and cloud-based innovations. Over the past year, Alphabet generated $340 billion in revenue, demonstrating strong cash flows despite challenges in the advertising industry. Its ongoing investment in data centers underscores its strategy to enhance long-term growth potential. With Alphabet’s stock valued at 26 times earnings, it’s more accessible than Nvidia’s, with potential upside as advertising revenues rebound. Comparing Innovations and Market Trends When comparing these two tech titans, it’s crucial to consider their different areas of focus and innovation. Nvidia is heavily centered on AI hardware development, whereas Alphabet is expanding its software and cloud service capabilities. The trend towards AI integration across different sectors continues to grow, suggesting that both companies are positioned to benefit, albeit in different ways. Investment Strategies: Diversification and Risk Management For investors considering diversification, integrating Alphabet into a portfolio predominantly featuring Nvidia stock could be a smart strategy. Alphabet’s anticipated recovery in the advertising sector and its undervalued stock position make it an attractive option for those seeking growth with lower risk. Insights and Market Predictions As AI continues to revolutionize industries around the globe, Nvidia and Alphabet remain key players. With Nvidia’s expertise in hardware and Alphabet’s strengths in software, both companies are poised to lead as AI adoption expands. Market analysts predict that companies offering balanced portfolios in both AI hardware and software will likely see steady growth. Security and Stability in the Tech Market Investing in tech stocks always entails some level of risk. However, Nvidia’s established security protocols in AI development and Alphabet’s sustained efforts in data protection provide a layer of security for investors. Both companies are committed to maintaining user privacy and data security, which is increasingly important in today’s digital age. Conclusion: Nvidia vs. Alphabet Ultimately, deciding whether to invest in Nvidia or Alphabet will depend on individual risk tolerance, investment horizon, and belief in either company’s future growth potential. With Nvidia leading in AI hardware and Alphabet showing promise in AI software, diversifying investments across these tech giants could serve as a prudent approach to harness the benefits of the burgeoning AI era. For more insights and tech investment opportunities, visit Nvidia’s official site and Alphabet’s official site .RBI's war against inflation is not yet over, says governor Shaktikanta Das
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SRINAGAR: Union home ministry is expected to release the “business rules” for J&K this week, providing a detailed framework for the powers of the CM, his cabinet, individual ministers, and administrative secretaries, sources said Monday. The rules aim to streamline the administrative set-up in the Union territory in accordance with the J&K Reorganisation Act, introduced after the abrogation of Article 370 in Aug 2019 and the bifurcation of the state into two UTs. IPL 2025 mega auction IPL Auction 2025: Who went where and for how much IPL 2025: Complete list of players of each franchise Revenue, law, and information are among more than 30 departments currently finalising their respective business rules. CM Omar Abdullah’s National Conference-led coalition assumed office on Oct 16, but its ability to exercise authority remained uncertain in the absence of the rules. The govt’s limitations became evident when the lieutenant governor (LG) withheld the appointment of two political advisors to the CM, with minister-of-state status. They were to draw salaries and perks from the state exchequer, but could not assume office due to the lack of clarity in the rules. Sources said the LG’s action was based on uncertainty over whether the CM has the authority to appoint political advisors using state funds. While the powers of the LG have already been clearly established — including authority over the home department and All India Services (AIS) — the new rules will address areas requiring greater clarity. These include the power to transfer govt officers up to a certain rank, approval of projects and works by ministers and the cabinet, creation of new posts, and recruitment policies for specific positions. If the Centre tightens its grip, the new rules could undermine Omar’s electoral promises, such as providing 200 units of free power to poor families, increasing ration allowances from 5kg to 10kg per person per month, and offering 12 subsidised cooking gas cylinders annually per household. Omar, who holds the finance portfolio, is expected to present the first budget for the UT in Jan or Feb next year. However, this may change if the council of ministers is expanded, and a new finance minister is appointed. J&K is permitted to have a nine-member council of ministers, including the CM. Currently, there are three vacancies, leaving room for expansion as Omar’s govt gears up to tackle administrative and financial priorities.
Nordstrom, Inc. JWN shares are trading lower. The company on Monday announced that the Nordstrom Family and Liverpool will acquire all outstanding common shares of Nordstrom . What To Know: Nordstrom said it signed a definitive agreement under which Erik, Pete, Jamie, other members of the Nordstrom family and Liverpool will acquire all shares not already owned by the parties in an all-cash transaction valued at approximately $6.25 billion on an enterprise basis. Under terms of the agreement, Nordstrom shareholders will receive $24.25 per share in cash, representing a premium of approximately 42% over the company’s share price as of March 18. Nordstrom said March 18 was the last day its stock traded unaffected by media speculation. The deal will also include a special dividend of up to 25 cents per share contingent on the transaction’s closing. The acquisition will result in Nordstrom becoming a private company. Following the close, the Nordstrom Family will own 50.1% of the company, with Liverpool holding 49.9%. The Nordstrom Board has unanimously approved the proposed transaction upon the unanimous recommendation of a special committee of independent and disinterested directors that led the review and negotiation of this transaction. “Following a rigorous and independent evaluation and consultation with outside financial and legal advisors, the special committee unanimously concluded that this transaction offers greater value for all public shareholders at a significant premium to the unaffected share price,” said Eric Sprunk , chairman of the special committee. JWN Price Action: Nordstrom shares were down 1.55% at $24.15 at the time of publication Monday, according to Benzinga Pro. Read Next: AMD and Micron Are Top Analyst Picks for AI and Next-Gen Tech Growth Photo: Shutterstock. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.NoneIs Nvidia a Good Buy? Think Twice Before You Decide
Daily Post Nigeria Robbery, fraud suspects set to face trial in Jigawa — Police Home News Politics Metro Entertainment Sport News Robbery, fraud suspects set to face trial in Jigawa — Police Published on December 23, 2024 By Chris Johnson The Jigawa State Police Command has announced that suspects arrested for crimes including fraud, cybercrime, armed robbery, and assault will be prosecuted following ongoing investigations. In a statement issued on Sunday, the command’s Public Relations Officer, DSP Lawan Shiisu Adam, highlighted the success of recent operations, which led to multiple arrests and the recovery of stolen items such as vehicles and motorcycles. Among the suspects is 23-year-old Usman Ahmed, who was arrested during a routine patrol along Gagarawa Road on December 14, 2024. According to DSP Adam, Ahmed, a resident of Hotoro Quarters in Gezawa LGA, Kano State, was found in possession of an unregistered Daylong motorcycle and failed to provide a satisfactory explanation for it. Further investigation revealed that Ahmed and his accomplices had deceived a motorcyclist, 22-year-old Dini Idris, into transporting them to Sahara Hotel in Gumel. Upon arrival, the suspects attacked Idris, striking him with a bottle and stabbing him multiple times. Idris was rushed to Gumel General Hospital, where he is currently receiving medical treatment. Ahmed reportedly confessed to the crime while in custody at the State Criminal Investigation Department, SCID, in Dutse. In a separate incident, the police arrested Mustapha Ibrahim, who is suspected of stealing an ATM card and fraudulently withdrawing N1.5 million. DSP Adam reported that N600,000 of the stolen funds had been recovered, and two victims identified Ibrahim as the perpetrator. He added that efforts are ongoing to apprehend Ibrahim’s accomplices. The police also intercepted a stolen Hilux vehicle with registration number 89 CO 1 at Dankama border in Kaita LGA, Katsina State. The vehicle, belonging to the primary healthcare cold store in Dutse, was recovered, and investigations are underway to track the fleeing suspects. DSP Adam assured the public that all suspects will face the full force of the law. He praised the dedication of the command’s officers and urged residents to cooperate with the police in combating crime. “We are committed to keeping Jigawa State safe. We encourage members of the public to come forward with any information about criminal activities,” he stated. Related Topics: Jigawa police Don't Miss Osun retirees protest, demand N18,000 minimum wage implementation from state govt You may like Police warn Kano content creators against blocking highways Miscreants on rampage, 1 killed as police raid hard drugs joint in Calabar Yuletide: Osun Police reinforce bans on fireworks, prohibit street carnivals Insecurity: FCT Police deploy 3,180 ahead of Christmas celebration Yuletide: Police restrict movement in 5 Plateau LGAs Delta Assembly accuses Police, DSS of frustrating enforcement of anti-open grazing law Advertise About Us Contact Us Privacy-Policy Terms Copyright © Daily Post Media Ltd
High-rolling investors have positioned themselves bullish on BlackRock BLK , and it's important for retail traders to take note.\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in BLK often signals that someone has privileged information. Today, Benzinga's options scanner spotted 10 options trades for BlackRock. This is not a typical pattern. The sentiment among these major traders is split, with 40% bullish and 30% bearish. Among all the options we identified, there was one put, amounting to $90,100, and 9 calls, totaling $380,745. Projected Price Targets Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $600.0 to $1120.0 for BlackRock over the last 3 months. Volume & Open Interest Development Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for BlackRock's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across BlackRock's significant trades, within a strike price range of $600.0 to $1120.0, over the past month. BlackRock Option Activity Analysis: Last 30 Days Noteworthy Options Activity: Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume BLK PUT TRADE BULLISH 12/18/26 $96.0 $87.9 $90.1 $980.00 $90.1K 9 0 BLK CALL TRADE BEARISH 03/21/25 $65.5 $58.7 $61.0 $1020.00 $61.0K 89 10 BLK CALL TRADE BULLISH 01/16/26 $81.2 $77.9 $81.2 $1120.00 $56.8K 5 7 BLK CALL TRADE NEUTRAL 01/17/25 $79.4 $75.6 $77.5 $970.00 $54.2K 119 7 BLK CALL TRADE BULLISH 01/17/25 $39.1 $38.2 $39.1 $1020.00 $46.9K 217 13 About BlackRock BlackRock is the largest asset manager in the world, with $11.475 trillion in assets under management at the end of September 2024. Its product mix is fairly diverse, with 55% of managed assets in equity strategies, 26% in fixed income, 9% in multi-asset classes, 7% in money market funds, and 3% in alternatives. Passive strategies account for around two thirds of long-term AUM, with the company's ETF platform maintaining a leading market share domestically and on a global basis. Product distribution is weighted more toward institutional clients, which by our calculations account for around 80% of AUM. BlackRock is geographically diverse, with clients in more than 100 countries and more than one third of managed assets coming from investors domiciled outside the US and Canada. Having examined the options trading patterns of BlackRock, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance Current Position of BlackRock With a trading volume of 261,854, the price of BLK is up by 0.84%, reaching $1037.37. Current RSI values indicate that the stock is may be approaching overbought. Next earnings report is scheduled for 18 days from now. What Analysts Are Saying About BlackRock 3 market experts have recently issued ratings for this stock, with a consensus target price of $1227.0. Turn $1000 into $1270 in just 20 days? 20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access .* Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for BlackRock, targeting a price of $1220. * An analyst from Citigroup persists with their Buy rating on BlackRock, maintaining a target price of $1200. * An analyst from Morgan Stanley has decided to maintain their Overweight rating on BlackRock, which currently sits at a price target of $1261. Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest BlackRock options trades with real-time alerts from Benzinga Pro . © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Unretired two-time Pro Bowl LB Shaquil Barrett signs to resume career with Tampa Bay BuccaneersDELRAY BEACH, Fla. (AP) — A collision between a high-speed passenger train and a fire truck on Saturday morning in Florida left three firefighters and multiple train passengers injured, authorities said. The crash happened at 10:45 a.m. in crowded downtown Delray Beach, multiple news outlets reported. The Brightline train was stopped on the tracks, its front destroyed about a block away from the Delray Beach Fire Rescue truck, its ladder ripped off and strewn in the grass several yards away, The Delray Beach Fire Rescue said in a social media post that three Delray Beach firefighters were in stable condition at a local hospital. Palm Beach County Fire Rescue transported 12 people from the train to the hospital with minor injuries. Brightline officials didn’t immediately respond to an email inquiry Saturday afternoon. A spokesperson for the National Transportation Safety Board said that agency is still gathering information about Saturday’s Brightline crash and hasn’t decided yet whether it will investigate. The NTSB is two crashes involving Brightline’s high speed trains that killed three people at the same crossing early this year along the railroad’s route between Miami and Orlando. More than 100 people have died after being hit by trains since Brightline began operations in July 2017 — giving the railroad the worst death rate in the nation. But most of those deaths have been either suicides, pedestrians who tried to run across the tracks ahead of the train or drivers who went around crossing gates instead of waiting for a train to pass. Brightline hasn’t been found to be at fault in those previous deaths. Railroad has been a concern since a Norfolk Southern in February 2023, spilling toxic chemicals that caught fire. Regulators urged the industry to improve safety and members of Congress proposed a package of reforms, but railroads haven’t made many major changes to their operations and the bill has stalled. ___ Associated Press writers Josh Funk reported from Omaha, Nebraska, and Chevel Johnson contributed from New Orleans. The Associated Press
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There are a few more days to go in 2024, but unless something disastrous happens, the stock market will deliver a second consecutive year of impressive gains. The S&P 500 is up 26%. The tech-heavy Nasdaq 100 is up about 30%. Hard to be mad about those returns, especially given those indexes returned 24% and 55% in 2023. Consider this point: $10,000 plopped into the Nasdaq 100 at the end of 2022 would be worth over $20,000 now, using a set-it, forget-it approach. Javascript is required for you to be able to read premium content. Thanks for the feedback.