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By Ross Cristantiello The Boston Celtics traveled to the White House Thursday to meet with President Joe Biden and celebrate the franchise’s 18th NBA championship. The Celtics flew to Washington, D.C., on Wednesday and will stay in town for a game against the Washington Wizards on Friday. It is a longstanding tradition for American sports teams to meet with the president after winning a championship. The first visit from an organized sports team occurred in 1865, when President Andrew Johnson met with the Brooklyn Atlantics and Washington Nationals amateur clubs. President Ulysses S. Grant hosted the first professional team, the Cincinnati Red Stockings, in 1869. John F. Kennedy was the first president to host an NBA champion, when the Celtics visited in 1963 . Watch the ceremony below: Ross Cristantiello Ross Cristantiello, a general assignment news reporter for Boston.com since 2022, covers local politics, crime, the environment, and more. Boston.com Today Sign up to receive the latest headlines in your inbox each morning. Be civil. Be kind.
Up 40% in 2024, why I'd still buy the Global X Fang+ ETF (FANG)
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At Israel's Ben Gurion International Airport, more than a year of war has taken its toll. Global airlines have canceled flights, gates are empty and pictures of hostages still held in the Gaza Strip guide the few arriving passengers to baggage claim. But one check-in desk remains flush with travelers: the one serving flights to the United Arab Emirates, which have kept up a bridge for Israelis to the outside world throughout the war. The Emirati flights, in addition to bolstering airlines' bottom lines, have shined a light on the countries' burgeoning ties — which have survived the wars raging across the Middle East and could be further strengthened as U.S. President-elect Donald Trump prepares to return to office. "It's a political and economic statement," said Joshua Teitelbaum, a professor of Middle Eastern studies at Israel's BarIlan University. "They are the main foreign airlines that continue to fly." Since the wars began with Hamas' initial Oct. 7, 2023, attack on Israel, many international airlines have halted, restarted and halted again their flights into Israel's main gateway to the rest of the world. The concern is real for the carriers, who remember the downing of Malaysia Airlines Flight 17 over Ukraine 10 years ago and Iran shooting down Ukraine International Airlines Flight 752 after takeoff from Tehran in 2020. But FlyDubai, the sister airline to the long-haul carrier Emirates, has kept up multiple flights daily and kept Israel connected to the wider world even as its other low-cost competitors have stopped flights. Abu Dhabi's Etihad has continued its flights as well. While maintaining the flight schedule remains politically important for the UAE after its 2020 diplomatic recognition of Israel, it also provided a further shot in the arm for revenues — particularly for FlyDubai. Since the Israeli's wars against Hamas in Gaza and Hezbollah in Lebanon started, international carriers such as Atlanta-based Delta Air Lines, Germany's Lufthansa and other major airlines halted their flights. Some resumed, only to stop again after Iran's Oct. 1 ballistic missile attack on Israel and Israel's Oct. 26 retaliatory strike on the Islamic Republic. Tehran has threatened to strike Israel again. That's brought major business to Israel's national carrier El Al, which had struggled in the coronavirus pandemic and prior years. The airline posted its bestever half-year results this year, recording a $227 million profit as compared to $58 million profit in the same period last year. El Al stock has risen by as much 200% over the past year, as compared to a 29% rise in the wider Tel Aviv 125 stock market index. El Al, however, lacks the routes and connections of major international carriers. Low-cost carriers as well have stopped flying into Israel during periods of the war, sending the price of El Al tickets ever higher. Passenger numbers through Ben Gurion halved compared to the same period the year before, El Al said in its second-quarter financial results. However, FlyDubai has kept flying. The carrier has operated more than 1,800 flights to Israel since October 2023, cancelling only 77 flights overall, according to Cirium, an aviation analytics company. In September alone, it flew more than 200 flights. As a line snaked toward the FlyDubai check-in counters at Ben Gurion Airport, UAE-bound Motti Eis said the flights were "a symbol that the Emirates countries decided to keep the peace." FlyDubai declined to answer questions from The Associated Press about the flights. Etihad, the flag carrier for Abu Dhabi, has kept flying into Tel Aviv, but the number of its flights has been dwarfed by FlyDubai. FlyDubai had 3.6% market share at Ben Gurion, compared to El Al's 43.2% in the second half of 2024. However, at least two of the foreign low-cost airlines with greater market, Wizz Air and Blue Bird, stopped flying for extended periods this year. Etihad said it maintains a close watch on the situation in the region, but continues its daily flights to and from Tel Aviv. "Ben Gurion International Airport remains open, employing best practices in safety and security practices, enabling Etihad and other airlines to provide essential air connectivity as long as it is secure to do so," the airline said in a statement. Beyond the financial impact, the decision also takes root in the UAE's decision to recognize Israel in 2020 under agreements brokered by President Donald Trump known as the Abraham Accords. While Abu Dhabi has repeatedly expressed concern and outrage at Israel's conduct during the wars, Israel's consulate in Dubai and embassy remain open in the country. And while Dubai, broadly speaking, remains focused on business in the country, Abu Dhabi's focus long has been on its geopolitical aims — which since the 2011 Arab Spring have been squarely focused on challenging Islamist movements and those who back them in the wider region. The UAE, a hereditary autocracy, long has viewed those groups as serious challenges to its power. Get local news delivered to your inbox!8 Thanksgiving mistakes: Frozen or overcooked turkey, too many sides and other common holiday miscues
Fairway Colombo, a luxury business hotel is set to redefine the guest experience in Sri Lanka by introducing robot operations, becoming the first hotel in the country to do so. This groundbreaking initiative will not replace human interaction but rather complement the hotel staff. The robots will work hand-in-hand with the team, enhancing efficiency and elevating service standards to new heights. General Manager at Fairway Leisure, Saman Perera said, “As travellers become more accustomed to technology, we believe this initiative will appeal to a new generation of tourists eager to explore innovative hospitality solutions.” Fairway Colombo’s introduction of robotic technology underscores its commitment to pushing the boundaries of what Sri Lankan hospitality can offer. This initiative is part of the hotel’s broader effort to elevate the country’s tourism industry and attract more visitors in the future, particularly those who have grown up in a world shaped by technological advancements.
Commerce Bank decreased its position in shares of Zimmer Biomet Holdings, Inc. ( NYSE:ZBH – Free Report ) by 3.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,169 shares of the medical equipment provider’s stock after selling 700 shares during the period. Commerce Bank’s holdings in Zimmer Biomet were worth $2,393,000 as of its most recent filing with the Securities & Exchange Commission. Several other institutional investors and hedge funds have also bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in shares of Zimmer Biomet in the 3rd quarter worth $28,000. Bangor Savings Bank acquired a new stake in Zimmer Biomet in the third quarter worth about $31,000. Family Firm Inc. purchased a new stake in shares of Zimmer Biomet during the second quarter worth about $33,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of Zimmer Biomet during the second quarter valued at about $43,000. Finally, Ridgewood Investments LLC purchased a new position in shares of Zimmer Biomet in the 2nd quarter valued at approximately $43,000. 88.89% of the stock is owned by hedge funds and other institutional investors. Wall Street Analysts Forecast Growth Several research firms have weighed in on ZBH. BTIG Research dropped their target price on shares of Zimmer Biomet from $134.00 to $126.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. UBS Group dropped their price objective on shares of Zimmer Biomet from $112.00 to $107.00 and set a “sell” rating on the stock in a report on Thursday, August 8th. Royal Bank of Canada raised their target price on Zimmer Biomet from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Evercore ISI dropped their price target on Zimmer Biomet from $113.00 to $110.00 and set an “in-line” rating on the stock in a research note on Tuesday, October 1st. Finally, Raymond James reduced their price objective on Zimmer Biomet from $128.00 to $123.00 and set an “outperform” rating for the company in a research note on Monday, October 14th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Zimmer Biomet has an average rating of “Hold” and an average target price of $123.22. Zimmer Biomet Price Performance Shares of Zimmer Biomet stock opened at $110.22 on Friday. The firm has a market cap of $21.94 billion, a PE ratio of 20.95, a P/E/G ratio of 1.99 and a beta of 1.02. Zimmer Biomet Holdings, Inc. has a twelve month low of $101.47 and a twelve month high of $133.90. The company has a quick ratio of 0.70, a current ratio of 1.36 and a debt-to-equity ratio of 0.38. The business has a 50-day moving average price of $106.79 and a 200 day moving average price of $109.69. Zimmer Biomet ( NYSE:ZBH – Get Free Report ) last announced its earnings results on Wednesday, October 30th. The medical equipment provider reported $1.74 earnings per share for the quarter, hitting the consensus estimate of $1.74. Zimmer Biomet had a return on equity of 12.95% and a net margin of 14.27%. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the prior year, the company posted $1.65 EPS. The business’s quarterly revenue was up 4.1% on a year-over-year basis. Sell-side analysts predict that Zimmer Biomet Holdings, Inc. will post 7.99 earnings per share for the current fiscal year. Zimmer Biomet Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were paid a dividend of $0.24 per share. The ex-dividend date was Monday, September 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.87%. Zimmer Biomet’s dividend payout ratio is currently 18.25%. Zimmer Biomet Profile ( Free Report ) Zimmer Biomet Holdings, Inc, together with its subsidiaries, operates as a medical technology company worldwide. The company designs, manufactures, and markets orthopedic reconstructive products, such as knee and hip products; S.E.T. products, including sports medicine, biologics, foot and ankle, extremities, and trauma products; craniomaxillofacial and thoracic products comprising face and skull reconstruction products, as well as products that fixate and stabilize the bones of the chest to facilitate healing or reconstruction after open heart surgery, trauma, or for deformities of the chest. Recommended Stories Receive News & Ratings for Zimmer Biomet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zimmer Biomet and related companies with MarketBeat.com's FREE daily email newsletter .Prospera Financial Services Inc Grows Stake in Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF)