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NEW YORK, Nov. 24, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that it has filed a lawsuit against Evolv Technologies Holdings, Inc. (NASDAQ: EVLV) and certain of the Company’s current and former senior executives. If you invested in Evolv, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/evolv-technologies-holdings-inc . Investors have until December 31, 2024 to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Evolv’s securities. The case is pending in the U.S. District Court for the District of Massachusetts and is captioned Buchan v. Evolv Technologies Holdings, Inc. , No. 1:24-cv-12768. A copy of the lawsuit can be found here: https://www.bfalaw.com/siteFiles/Cases/EvolvFiledComplaint.pdf What is the Lawsuit About? Evolv is a security technology company that utilizes AI-based screening designed to help create safer experiences. The complaint alleges that Evolv’s financial statements prepared for the periods between the second quarter of 2022 and the second quarter of 2024 contained material misstatements relating to Evolv’s revenue recognition and other reported metrics that are a function of revenue. On October 25, 2024, Evolv announced that the Company’s financial statements issued between the second quarter of 2022 and the second quarter of 2024 should not be relied upon due to material misstatements impacting revenue recognition and other previously reported metrics that are a function of revenue. The Company revealed that certain sales, including sales to one of its largest channel partners, were subject to extra-contractual terms and conditions not shared with the Company’s accounting personnel and that certain Company personnel engaged in misconduct in connection with those transactions. The Company also announced that it has self-reported these issues to the Division of Enforcement of the Securities and Exchange Commission and was delaying filing its upcoming quarterly report for the third quarter of 2024. On this news, the price of Evolv stock declined roughly 40%, from $4.10 per share on October 24, 2024, to $2.47 per share on October 25, 2024. Then, on October 31, 2024, Evolv announced the termination of the Company’s CEO, Peter George, effective immediately. The Company announced that Michael Ellenbogen, Evolv’s Chief Innovation Officer will serve in an interim role until a successor is appointed. On this news, the price of Evolv stock declined roughly 8%, from $2.34 per share on October 30, 2024, to $2.15 per share on October 31, 2024. Click here for more information: https://www.bfalaw.com/cases-investigations/evolv-technologies-holdings-inc . What Can You Do? If you invested in Evolv you may have legal options and are encouraged to submit your information to the firm. All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses. Submit your information by visiting: https://www.bfalaw.com/cases-investigations/evolv-technologies-holdings-inc Or contact: Ross Shikowitz ross@bfalaw.com 212-789-3619 Why Bleichmar Fonti & Auld LLP? Bleichmar Fonti & Auld LLP is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It was named among the Top 5 plaintiff law firms by ISS SCAS in 2023 and its attorneys have been named Titans of the Plaintiffs’ Bar by Law360 and SuperLawyers by Thompson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors (pending court approval), as well as $420 million from Teva Pharmaceutical Ind. Ltd. For more information about BFA and its attorneys, please visit https://www.bfalaw.com . https://www.bfalaw.com/cases-investigations/evolv-technologies-holdings-inc Attorney advertising. Past results do not guarantee future outcomes.
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Falken fortifies model series with 2 new tiresUncertainty about earnings and geopolitics weighed on the major equity indexes Monday, as the math of downward earnings revisions and a muddle of news from abroad made for red numbers across the board at the close. There's little incoming economic data and no central banker speak this week, but markets will keep moving. According to FactSet, Wall Street analysts have revised downward their 2025 earnings per share (EPS) forecasts for S&P 500 companies by 0.5% over the past six months. Subscribe to Kiplinger’s Personal Finance Be a smarter, better informed investor. Sign up for Kiplinger’s Free E-Newsletters Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail. Profit and prosper with the best of expert advice - straight to your e-mail. Sales estimates are down 0.3%, and margins are under pressure because of fixed costs. The S&P 500 is currently trading at approximately 22.5 times forward EPS estimates, a three-year high. Meanwhile, China's anti-monopoly authority is investigating the biggest publicly traded company in the world, but its politburo also indicated it will support a major economic stimulus effort, including the first adjustment to monetary policy in 14 years and "more proactive" fiscal policy. In the Middle East, rebels seized Damascus and President Bashar al-Assad fled to Russia, apparently ending a 13-year civil war and his family's six-decade dictatorship. And yet the yield on the 10-year U.S. Treasury note ticked up four basis points from 4.15% on Friday to 4.19% on Monday, a move that really doesn't reflect a flight to safety and might be more about shifting inflation expectations. The Nasdaq Composite lost 0.6% to 19,736. The S&P 500 was off 0.6% to 6,052. And the Dow Jones Industrial Average gave back 0.5% to 44,401. Mondelez is still sweet on Hershey The Hershey Company ( HSY ) stock climbed as much as 19.1% and closed up 10.9% at $193.68 on a Bloomberg report that Mondelez International ( MDLZ ) is once again exploring a potential acquisition of the Pennsylvania-based chocolate maker. Hershey rejected a $23 billion takeover offer from Mondelez in 2016. According to Bloomberg, "Deliberations are in the early stages and there's no certainty that discussions will lead to a deal." With Monday's surge HSY is now up 3.9% year to date, as management has contended with record-high cocoa prices and elevated sugar prices. Of the 26 Wall Street analysts who cover the stock, 18 rate HSY a Hold. The average 12-month price target for HSY, as calculated by S&P Global Market Intelligence , is $183.65. China investigates Nvidia Nvidia ( NVDA ) stock declined 2.6% after the Chinese government announced an investigation of the AI chipmaker for "suspected violation of the country's anti-monopoly law and a decision by the market regulator on Nvidia 's acquisition of Mellanox Technologies," according to Xinhua News Agency . The State Administration for Market Regulation is reviewing Nvidia's recent behavior and its 2020 acquisition of Mellanox Technologies. China's approval of the Mellanox deal included a condition that Nvidia not discriminate against Chinese companies. Nvidia said in response that it's "happy to answer any questions regulators may have about our business." According to its fiscal 2025 third-quarter earnings report, Nvidia generates approximately 15% of its revenue in China. China's move to probe Nvidia is widely perceived as a response to the Biden administration and its imposition of restrictions on sales of high-tech memory chips and access to high-bandwidth memory technology. It's CPI Week We've entered the official blackout period ahead of the next Federal Open Market Committee meeting on December 17-18, and there isn't much on the economic calendar this week. Blackout periods begin the second Saturday preceding an FOMC meeting and end the Thursday following a meeting. So we won't be hearing from Fed Chair Jerome Powell or any of his colleagues until they make their next announcement on interest rates next Wednesday. What incoming data we will see between now and Thursday does bear on that decision, though, particularly Consumer Price Index (CPI) numbers for November. The Bureau of Labor Statistics will report November CPI on Wednesday at 8:30 am Eastern time. The Federal Reserve Bank of Cleveland's Inflation Nowcasting model shows headline CPI at 2.70% and core CPI at 3.30% year over year. The model shows month-over-month headline CPI of 0.26% and core CPI of 0.27%. Headline annual CPI at 2.70% would mark an acceleration from 2.60% in October and potentially complicate the Fed's decision-making process. "Heading into the communications blackout period before the December FOMC meeting," writes Deutsche Bank Economist Amy Yang in a December 9 Fed Watcher update, "officials generally left the door open for a 25-basis-point rate cut." Yang notes that "other than Governor Waller, officials were not explicit about supporting such a move, and looked to maintain optionality around that decision pending the release of key data prior to the meeting." The economist expects the FOMC to cut by 25 basis points next week "before entering an extended pause through next year," highlighting this week's inflation data as "the ultimate arbiter of whether or not the Fed stays or goes at its final meeting of the year." Related content Rebound in Jobs Growth Keeps Fed on Track: What the Experts Are Saying What's Better Than Investing in Crypto? These 'Boring' Picks Best Dividend Stocks to Buy for Dependable Dividend GrowthAnother complaint filed with ICT against Hasina, 43 others
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San Francisco 49ers quarterback Brock Purdy will not play Sunday and head coach Kyle Shanahan said the lingering discomfort is a concern. Purdy sat out Friday after he participated in the start of Thursday's practice with the 49ers, then retreated indoors for what Shanahan said was a treatment session. Brandon Allen, 32, will start in Purdy's place, and the 49ers are also without defensive end Nick Bosa (oblique). Shanahan said players believe in Allen, even if he's an unknown. "Outside of here people haven't seen a lot of Brandon. But it's his second year (with the 49ers)," Shanahan said. "Obviously guys want Brock up, but guys are excited to see Brandon play." Shanahan said they are "a little surprised" Purdy experienced tightness and discomfort in his shoulder after an MRI exam on Monday that showed no long-term cause for concern. "The way it responded this week, it's really up in the air for next week," Shanahan said of Purdy. Allen is familiar to Packers head coach Matt LaFleur, who was an assistant coach with the Rams during Allen's two-year run in Los Angeles. Allen broke into the NFL in 2016 with the Jaguars and is 2-7 in nine career starts. He went 1-2 with the Broncos in 2019 and 1-5 in six starts over two years with the Bengals in 2020 and ‘21. Shanahan said Allen's confidence grew throughout the week and he doesn't anticipate a major change in how he calls the offense. Left tackle Trent Williams (ankle) also missed practice for the third consecutive day. Without disclosing the nature of the ailment to Purdy's throwing shoulder, general manager John Lynch confirmed Friday an MRI exam took place to determine the severity of any injury. Allen worked with the first team most of Thursday and Friday with Joshua Dobbs also taking snaps. Lynch described Purdy's status for the 49ers (5-5) this week as "tenuous." "Hopefully, he makes progress, and we can have a shot at this weekend, but we'll see," Lynch said in an interview with KNBR in San Francisco. "I think it's tenuous." When Purdy was on the field this week, he primarily worked on the side in position-specific drills with QB coach Brian Griese. Williams played through an ankle injury last week after being listed as questionable but exited the stadium with an exaggerated limp on Sunday. Run game coordinator Chris Foerster said the 49ers aren't where they want to be at 5-5 because they haven't won close games, not because of injuries. "Seven games left is like an eternity," Foerster said. "So much can happen. Do the math. What was our record last year? It was 12-5. I was on a 13-win team that was nowhere near as good as the team last year." With or without Purdy, Foerster said the challenge for the 49ers is not to give up the ball to a defense that has 19 takeaways. The 49ers have 13 giveaways this season. --Field Level MediaCharles Schwab Investment Management Inc. Buys 16,830 Shares of Moelis & Company (NYSE:MC)Fulton Financial chairman Curtis Myers sells $512,006 in stock
Ottawa Senators (10-11-1, in the Atlantic Division) vs. Los Angeles Kings (13-8-3, in the Pacific Division) Los Angeles; Saturday, 7 p.m. EST BETMGM SPORTSBOOK LINE: Kings -123, Senators +102; over/under is 6 BOTTOM LINE: The Ottawa Senators visit the Los Angeles Kings after Adam Gaudette's two-goal game against the San Jose Sharks in the Senators' 4-3 win. Los Angeles has a 13-8-3 record overall and a 7-2-1 record in home games. The Kings have conceded 65 goals while scoring 71 for a +6 scoring differential. Ottawa is 10-11-1 overall and 4-6-0 on the road. The Senators have allowed 71 goals while scoring 70 for a -1 scoring differential. Saturday's game is the second time these teams meet this season. The Senators won the last meeting 8-7 in overtime. Gaudette scored two goals in the win. TOP PERFORMERS: Anze Kopitar has seven goals and 20 assists for the Kings. Adrian Kempe has six goals and five assists over the past 10 games. Brady Tkachuk has 11 goals and 12 assists for the Senators. Gaudette has scored five goals over the last 10 games. LAST 10 GAMES: Kings: 5-5-0, averaging 2.4 goals, 4.6 assists, 3.5 penalties and 8.1 penalty minutes while giving up 2.2 goals per game. Senators: 4-5-1, averaging 2.7 goals, 4.9 assists, 4.1 penalties and 9.6 penalty minutes while giving up 3.1 goals per game. INJURIES: Kings: None listed. Senators: None listed. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .Only about 2 in 10 Americans approve of Biden's pardon of his son Hunter, poll finds
Former Ohio State head coach Urban Meyer couldn't hide his disbelief over the wild ending of the Ohio State Buckeyes-Michigan Wolverines rivalry game on Saturday. After the unranked Wolverines pulled off a stunning 13-10 upset of the No. 3 Buckeyes, chaos ensued as players got into a huge fight. The brawl started when Michigan players attempted to plant their flag at midfield, which Ohio State players tried to stop, leading to the altercation. Police had to get involved to put a stop to the massive fight, with several players and bystanders finding themselves soaked in pepper spray. During the intense brawl, Meyer couldn't help but express his disappointment with how things turned out. The ex-college football coach, who is now serving as an analyst for FOX Sports, said that it was a "shame" things had to turn to violence. "I've been involved in the game for 50 years and I can't remember seeing something like that... there's no room for that." "I've been involved in the game for 50 years and I can't remember seeing something like that," Meyer said while the broadcast showed the brawl. "That's a shame. I saw James Franklin pull his players off one time when they were getting ready to fight and I did that one time -- There's no room for that." "I've been involved in The Game for 50 years and I can't remember seeing something like that... there's no room for that." @CoachUrbanMeyer reacts to the postgame altercation between Michigan and Ohio State ⬇️ pic.twitter.com/8XqqRmBbNZ Sure enough, Urban Meyer's message didn't go unnoticed, with many agreeing with his take and several others giving their two cents on the matter. "The postgame altercation between Michigan and Ohio State players was unacceptable. It's a reflection of the Ohio State culture, how it's built, and how they control their players' behavior. Change needs to be made at the top," a commenter said. Another one shared, "It was ugly." "I agree with this. Bush league stuff. The HC needs to address this internally and with the press," a third follower added. Others, however, were critical of Ohio State and pointed out that they could have handled things better. "No room for what? Celebrations on the field? Raising a flag after victory? Guess you've never watched the Olympics... Or OSU v Michigan 2022....." a critic shared. A social media user shared, "I don’t get why everyone gets so mad when teams fight. It’s football, it’s passion. Everyone love to see the teams fight, especially when it’s started because someone got their feelings hurt because they lost." Another commenter defended Michigan, noting, "The media is pushing the narrative that the Michigan player was going to plant the flag but all he did was walk with a flag he never made a move to plant it. Even if he was going to you know what would have stopped that, win the game OSU." © Adam Cairns/Columbus Dispatch / USA TODAY NETWORK via Imagn Images For what it's worth, Ohio State head coach Ryan Day appeared to defend his players' actions in his postgame presser, saying that they wouldn't simply let a rival team disrespect them by planting a flag on their field. It remains to be seen what kind of punishment awaits both teams for the brawl, but as Urban Meyer suggested, such actions shouldn't be tolerated. Related: Laura Rutledge’s Husband Reacts to Her Post On College Football SaturdayMedpace Holdings, Inc. (NASDAQ:MEDP) Shares Sold by Swiss National BankThe 49ers' playoff hopes are still teetering even after get-right game against the BearsGLEN ALLEN, Va. , Nov. 21, 2024 /PRNewswire/ -- Hamilton Beach Brands Holding Company (NYSE: HBB) (the Company) today announced that the Board of Directors declared a regular cash dividend of $0.115 per share. The dividend is payable on both the Class A and Class B Common Stock and will be paid December 13, 2024 , to stockholders of record at the close of business on December 2, 2024 . About Hamilton Beach Brands Holding Company Hamilton Beach Brands Holding Company is a leading designer, marketer, and distributor of a wide range of branded small electric household and specialty housewares appliances, as well as commercial products for restaurants, fast food chains, bars, and hotels. The Company's owned consumer brands include Hamilton Beach ® , Proctor Silex ® , Hamilton Beach Professional ® , Weston ® , and TrueAir ® . The Company's owned commercial brands include Hamilton Beach Commercial ® and Proctor Silex Commercial ® . The Company licenses the brands for Wolf Gourmet ® countertop appliances, CHI ® premium garment care products, CloroxTM True HEPA air purifiers, and Brita HubTM countertop electric water filtration appliances. The Company has exclusive multiyear agreements to design, sell, market, and distribute Bartesian ® cocktail makers and Numilk ® plant-based milk makers. The Company's Hamilton Beach Health subsidiary is focused on expanding the Company's participation in the home health market. In February 2024 , Hamilton Beach Health acquired HealthBeacon, a medical technology firm that specializes in developing connected devices. For more information about Hamilton Beach Brands Holding Company, visit www.hamiltonbeachbrands.com . View original content to download multimedia: https://www.prnewswire.com/news-releases/hamilton-beach-brands-holding-company-declares-quarterly-dividend-302313651.html SOURCE Hamilton Beach Brands Holding Company
Charles Schwab Investment Management Inc. raised its position in Moelis & Company ( NYSE:MC – Free Report ) by 1.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 922,920 shares of the asset manager’s stock after acquiring an additional 16,830 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Moelis & Company were worth $63,229,000 at the end of the most recent reporting period. Other large investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its position in shares of Moelis & Company by 7.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 35,766 shares of the asset manager’s stock valued at $2,031,000 after buying an additional 2,428 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in Moelis & Company during the 1st quarter valued at $256,000. SG Americas Securities LLC boosted its position in Moelis & Company by 42.9% during the second quarter. SG Americas Securities LLC now owns 6,007 shares of the asset manager’s stock worth $342,000 after purchasing an additional 1,804 shares during the period. Curated Wealth Partners LLC increased its holdings in shares of Moelis & Company by 197.3% in the second quarter. Curated Wealth Partners LLC now owns 8,987 shares of the asset manager’s stock valued at $511,000 after purchasing an additional 18,221 shares during the last quarter. Finally, Blue Zone Wealth Advisors LLC raised its position in shares of Moelis & Company by 2.6% in the second quarter. Blue Zone Wealth Advisors LLC now owns 58,054 shares of the asset manager’s stock valued at $3,301,000 after purchasing an additional 1,459 shares during the period. Institutional investors and hedge funds own 91.53% of the company’s stock. Moelis & Company Price Performance Shares of NYSE:MC opened at $77.00 on Friday. The company has a market capitalization of $5.77 billion, a P/E ratio of 145.28 and a beta of 1.33. Moelis & Company has a 1 year low of $46.24 and a 1 year high of $81.60. The business’s 50 day simple moving average is $71.18 and its 200 day simple moving average is $64.36. Moelis & Company Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $2.40 annualized dividend and a yield of 3.12%. Moelis & Company’s dividend payout ratio is 452.83%. Analyst Upgrades and Downgrades A number of analysts have recently issued reports on MC shares. Morgan Stanley cut their target price on shares of Moelis & Company from $67.00 to $66.00 and set an “underweight” rating for the company in a research note on Thursday, October 24th. UBS Group increased their price target on shares of Moelis & Company from $54.00 to $60.00 and gave the company a “sell” rating in a report on Tuesday, October 8th. Finally, Wells Fargo & Company initiated coverage on Moelis & Company in a report on Thursday, September 12th. They set an “equal weight” rating and a $70.00 price objective for the company. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat.com, Moelis & Company currently has a consensus rating of “Hold” and a consensus target price of $60.83. View Our Latest Analysis on Moelis & Company Moelis & Company Company Profile ( Free Report ) Moelis & Company operates as an investment banking advisory firm. It offers advisory services in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters, as well as strategic, capital structure, and private funds advisory. See Also Want to see what other hedge funds are holding MC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Moelis & Company ( NYSE:MC – Free Report ). Receive News & Ratings for Moelis & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moelis & Company and related companies with MarketBeat.com's FREE daily email newsletter .