The China Fund, Inc. Declares Distributions
OneDigital Investment Advisors LLC bought a new stake in Vanguard S&P Mid-Cap 400 ETF ( NYSEARCA:IVOO – Free Report ) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,940 shares of the company’s stock, valued at approximately $205,000. Other large investors also recently made changes to their positions in the company. Lowe Wealth Advisors LLC bought a new stake in Vanguard S&P Mid-Cap 400 ETF during the second quarter worth $29,000. Russell Investments Group Ltd. purchased a new position in shares of Vanguard S&P Mid-Cap 400 ETF in the 1st quarter worth about $41,000. Asset Dedication LLC purchased a new position in shares of Vanguard S&P Mid-Cap 400 ETF in the 2nd quarter worth about $40,000. Mather Group LLC. bought a new position in Vanguard S&P Mid-Cap 400 ETF during the second quarter valued at about $44,000. Finally, International Assets Investment Management LLC purchased a new stake in Vanguard S&P Mid-Cap 400 ETF during the second quarter worth about $52,000. Vanguard S&P Mid-Cap 400 ETF Stock Performance Shares of IVOO stock opened at $113.17 on Friday. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 7.55 and a beta of 1.11. Vanguard S&P Mid-Cap 400 ETF has a 52 week low of $85.89 and a 52 week high of $113.29. The firm’s 50-day simple moving average is $107.05 and its two-hundred day simple moving average is $103.10. About Vanguard S&P Mid-Cap 400 ETF The Vanguard S&P Mid-Cap 400 ETF (IVOO) is an exchange-traded fund that is based on the S&P Mid Cap 400 index. The fund tracks a market cap-weighted index of mid-cap US companies. IVOO was launched on Sep 9, 2010 and is managed by Vanguard. Recommended Stories Want to see what other hedge funds are holding IVOO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vanguard S&P Mid-Cap 400 ETF ( NYSEARCA:IVOO – Free Report ). Receive News & Ratings for Vanguard S&P Mid-Cap 400 ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vanguard S&P Mid-Cap 400 ETF and related companies with MarketBeat.com's FREE daily email newsletter .Intel CEO Pat Gelsinger has retired, the struggling chipmaker said Monday in a surprise announcement. Two company executives, David Zinsner and Michelle Johnston Holthaus, will act as interim co-CEOs while the company searches for a replacement for Gelsinger, who also stepped down from the company's board. The departure of Gelsinger, whose career spanned more than 40 years, underscores the turmoil at Intel. The company was once a dominant force in the semiconductor industry but has been eclipsed by rival Nvidia, which has cornered the market for chips that run artificial intelligence systems. Gelsinger started at Intel in 1979 and was its first chief technology officer. He returned to the company as chief executive in 2021. Gelsinger said his exit was “bittersweet as this company has been my life for the bulk of my working career,” he said in a statement. “I can look back with pride at all that we have accomplished together. It has been a challenging year for all of us as we have made tough but necessary decisions to position Intel for the current market dynamics.” Zinsner is executive vice president and chief financial officer at Intel. Holthaus was appointed to the newly created position of CEO of Intel Products, which includes the client computing, data center and AI groups. Frank Yeary, independent chair of Intel's board, will become interim executive chair. “Pat spent his formative years at Intel, then returned at a critical time for the company in 2021,” Yeary said in a statement. "As a leader, Pat helped launch and revitalize process manufacturing by investing in state-of-the-art semiconductor manufacturing, while working tirelessly to drive innovation throughout the company.” Gelsinger's departure comes as Intel’s financial woes have been piling up. The company posted a $16.6 billion loss and halted its dividend in the most recent quarter, and its shares have fallen by about 60% since he took over as CEO. Gelsinger announced plans in August to slash 15% of its huge workforce — or about 15,000 jobs — as part of cost-cutting efforts to to save $10 billion in 2025. Nvidia’s ascendance, meanwhile, was cemented earlier this month when it replaced Intel on the Dow Jones Industrial Average. Unlike some of rivals, Intel manufactures chips in addition to designing them. Under Gelsinger, the company has been working to build up its foundry business making semiconductors in the U.S. designed by other firms, in a bid to compete with rivals such as market leader Taiwan Semiconductor Manufacturing Co. or TSMC. Intel has benefited from tens of billions of dollars that the administration has pledged to support construction of U.S. chip foundries and reduce reliance on Asian suppliers, which Washington sees as a security weakness. After taking over as CEO, Gelsinger unveiled plans to build a $20 billion chipmaking facility in central Ohio , and poured billions more into expanding in Europe , where leaders were also worried about dependence on Asia. The Biden administration had said it would give Intel up to $8.5 billion in federal funding for semiconductor plants around the country, but last week it trimmed that amount , according to three people familiar with the grant who spoke on the condition of anonymity. Shares of the Santa Clara, California, company jumped in early trading Monday but ended the day down 0.5%. AP Business Writer Kelvin Chan contributed to this report from London.
By MIKE CATALINI CHATHAM, N.J. (AP) — That buzzing coming out of New Jersey? It’s unclear if it’s drones or something else, but for sure the nighttime sightings are producing tons of talk, a raft of conspiracy theories and craned necks looking skyward. Cropping up on local news and social media sites around Thanksgiving, the saga of the drones reported over New Jersey has reached incredible heights. This week seems to have begun a new, higher-profile chapter: Lawmakers are demanding (but so far not getting) explanations from federal and state authorities about what’s behind them. Gov. Phil Murphy wrote to President Joe Biden asking for answers. New Jersey’s new senator, Andy Kim, spent Thursday night on a drone hunt in rural northern New Jersey, and posted about it on X. But perhaps the most fantastic development is the dizzying proliferation of conspiracies — none of which has been confirmed or suggested by federal and state officials who say they’re looking into what’s happening. It has become shorthand to refer to the flying machines as drones, but there are questions about whether what people are seeing are unmanned aircraft or something else. Some theorize the drones came from an Iranian mothership. Others think they are the Secret Service making sure President-elect Donald Trump’s Bedminster property is secure. Others worry about China. The deep state. And on. In the face of uncertainty, people have done what they do in 2024: Create a social media group. The Facebook page, New Jersey Mystery Drones — let’s solve it , has nearly 44,000 members, up from 39,000 late Thursday. People are posting their photo and video sightings, and the online commenters take it from there. One video shows a whitish light flying in a darkened sky, and one commenter concludes it’s otherworldly. “Straight up orbs,” the person says. Others weigh in to say it’s a plane or maybe a satellite. Another group called for hunting the drones literally, shooting them down like turkeys. (Do not shoot at anything in the sky, experts warn.) Trisha Bushey, 48, of Lebanon Township, New Jersey, lives near Round Valley Reservoir where there have been numerous sightings. She said she first posted photos online last month wondering what the objects were and became convinced they were drones when she saw how they moved and when her son showed her on a flight tracking site that no planes were around. Now she’s glued to the Mystery Drones page, she said. “I find myself — instead of Christmas shopping or cleaning my house — checking it,” she said. She doesn’t buy what the governor said, that the drones aren’t a risk to public safety. Murphy told Biden on Friday that residents need answers. The federal Homeland Security Department and FBI also said in a joint statement they have no evidence that the sightings pose “a national security or public safety threat or have a foreign nexus.” “How can you say it’s not posing a threat if you don’t know what it is?” she said. “I think that’s why so many people are uneasy.” Then there’s the notion that people could misunderstand what they’re seeing. William Austin is the president of Warren County Community College, which has a drone technology degree program, and is coincidentally located in one of the sighting hotspots. Austin says he has looked at videos of purported drones and that airplanes are being misidentified as drones. He cited an optical effect called parallax, which is the apparent shift of an object when viewed from different perspectives. Austin encouraged people to download flight and drone tracker apps so they can better understand what they’re looking at. Nonetheless, people continue to come up with their own theories. “It represents the United States of America in 2024,” Austin said. “We’ve lost trust in our institutions, and we need it.” Federal officials echo Austin’s view that many of the sightings are piloted aircraft such as planes and helicopters being mistaken for drones, according to lawmakers and Murphy. That’s not really convincing for many, though, who are homing in on the sightings beyond just New Jersey and the East Coast, where others have reported seeing the objects. For Seph Divine, 34, another member of the drone hunting group who lives in Eugene, Oregon, it feels as if it’s up to citizen sleuths to solve the mystery. He said he tries to be a voice of reason, encouraging people to fact check their information, while also asking probing questions. “My main goal is I don’t want people to be caught up in the hysteria and I also want people to not just ignore it at the same time,” he said. “Whether or not it’s foreign military or some secret access program or something otherworldly, whatever it is, all I’m saying is it’s alarming that this is happening so suddenly and so consistently for hours at a time,” he added. Associated Press reporter Hallie Golden in Seattle contributed to this report.
G20 has will, capacity and determination to address global challenges: S African finance ministerFox Sports analyst Colin Cowherd shared some opinions with his audience during an episode of "The Herd" on Thursday, comparing multiple NFL quarterbacks to former Oregon Duck and current Denver Bronco Bo Nix. In a 48-second clip posted to TikTok and various other social media platforms, Cowherd could be heard weighing Nix against other NFL stars including Jalen Hurts, Jordan Love and Brock Purdy. At one point, Cowherd made quite a bold claim, giving Nix, a rookie, the edge over a two-time Pro Bowler. "Here's what concerns me with Jalen Hurts," Cowherd said. "He is very dependent on his legs. Even through nine, 10, 12 games, I think (Nix), in the pocket, is a better pocket passer." "Here's what concerns me with Jalen Hurts. He is very dependent on his legs... I think Bo is better pocket passer." @ColinCowherd decides which QBs he'd take over Bo Nix: pic.twitter.com/gmo7sQ12Xk From there, Cowherd struggled comparing Nix to Love, citing the Packers' starter as a better athlete with a better arm. Still, the Fox analyst noted Love's recklessness as a drawback, failing to decide between the two quarterbacks. Then, Cowherd continued to sing the praises of Nix, picking him over current San Francisco 49er Brock Purdy. "I don't even think it's close. I think it's Bo Nix," Cowherd said. "One's a first-rounder, one's a seventh-rounder. One guy actually won big-time in college at two places. I mean, what's Auburn been since Bo Nix left? Stinkaroony." FS1 Since Nix's departure following the 2021 season, the Tigers have gone a combined 15-20 over three seasons. In their three seasons with Nix at the helm, they went 21-16. Nix will hope to justify Cowherd's claims as the Broncos travel to take on the Las Vegas Raiders on Sunday. Kickoff is set for 1:05 p.m. PST and the game will air on CBS.
— Those who knew John U. Miller Jr. remember him as a legend in Clarke County. Miller, who died last Tuesday as a result of injuries sustained in an automobile crash in the county, was a businessman with various interests. They included hydroponics, logging, motorsports and promoting bluegrass concerts. He even was a guitar player and recording artist. The 88-year-old was perhaps best known, though, for having been the owner/operator of Watermelon Park, a recreational campground that hosted bluegrass, country and Americana music festivals for many years. "All the big names" within those music genres seemed to have performed there at one time or another, said Clarke County Board of Supervisors Chairman David Weiss, who knew Miller well. Miller loved music, recalled Dave Van Deventer of Shepherds Ford Productions, which worked with him on organizing the festivals for more than 15 years. And, he loved telling stories about performers' visits to the park, Van Deventer said. Loretta Lynn and Marty Stuart were among those entertainers. Miller was "a real showman," said Weiss. "He knew how to put on a good show" and attract people to it. According to its website, Watermelon Park dates back to 1939 when Miller's father, John Sr., bought a 300-acre farm. He and his family then turned 26 acres along the Shenandoah River into a watermelon field and opened the Miller Fruit Stand — now Nalls Farm Market — at the intersection of Va. 7 (Harry Byrd Highway) and Chilly Hollow Road. A “Watermelon Festival,” featuring a variety of old-time games and activities, was launched in 1942. Then in 1960, what is believed to have been the nation's first bluegrass music festival was held. Over the years, as the festival grew, visitors would sleep in the field after shows, and the watermelon patch was turned into Watermelon Park Campground, the online history relates. In 2022, the festival moved to the Clarke County Ruritan Fairgrounds after the campground began allowing camping only in recreational vehicles, Van Deventer said. Tent camping no longer was allowed. But the festival, when it was held at the campground, "helped put Clarke County on the map" as far as entertainment and tourism, Weiss said. Despite being a showman, Miller — also known as "Junior" or "Paw Paw" — was a family man and "just a really good guy," Weiss recalled. Although he was known to be stern sometimes, "with me, he was always pretty kind," Van Deventer said. He remembered having a long, friendly conversation with Miller upon meeting him. "He was really a legend in the community," Weiss added. Miller is survived by his wife, Sherry; two children; five grandchildren and five great-grandchildren. A memorial service will be held at noon Friday at Enders & Shirley Funeral Home Chapel in Berryville. A private burial is planned. The family will receive visitors from 6-8 p.m. Thursday at the funeral home.
Influential investor Scott Bessent is poised to be named U.S. Treasury Secretary as part of President-elect Donald Trump's incoming administration, according to sources familiar with the transition talks. Despite the Trump transition team's silence, the choice has sparked widespread discourse among economists and financial strategists. Quoted by multiple industry leaders, Bessent is lauded for his comprehensive market knowledge. His stance on maintaining less aggressive tariffs resonates with fiscal forecasts, potentially easing drastic trade changes. Wall Street veteran John Paulson called Bessent an 'outstanding pick,' recognizing his potential to align with Trump's economic plans. While some express concerns over regulatory adjustments, figures like Lindsey Johnson commend Bessent's deregulatory intentions, proclaiming them beneficial for small businesses and the broader economy. His expected role suggests a likelihood of tempered financial strategies in an evolving economic landscape. (With inputs from agencies.)