Manmohan Singh, the visionary architect of India’s 1991 economic reforms, successfully led the country through a tumultuous financial period, which transformed India into an emerging global power. Singh, who was then the newly-appointed finance minister under Prime Minister P V Narasimha Rao, faced significant challenges in ensuring acceptance of his bold budgetary changes. The iconic reforms, central to his Union Budget of 1991, rescued India from near bankruptcy and reset its trajectory on the world stage. In a bid to control the narrative, Singh made an unexpected appearance at a press briefing on July 25, 1991, just a day after presenting his reforms, ensuring that his pro-market message reached the public without distortion. Amidst intense controversy and criticism from Congress party ranks, Singh stood firm amidst calls for rollbacks, with only a few supporters like Mani Shankar Aiyar and Nathuram Mirdha cheering his efforts. Ultimately, Singh’s steadfastness and political prowess resulted in key economic measures being retained, showcasing a prime example of political economy at work. (With inputs from agencies.)JERUSALEM (AP) — Israel’s attorney general has ordered police to open an investigation into Prime Minister Benjamin Netanyahu’s wife on suspicion of harassing political opponents and witnesses in the Israeli leader’s corruption trial. The Israeli Justice Ministry made the announcement in a terse message late Thursday, saying the investigation would focus on the findings of a recent report by the “Uvda” investigative program into Sara Netanyahu. The program uncovered a trove of WhatsApp messages in which Mrs. Netanyahu appears to instruct a former aid to organize 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. But in a video released earlier Thursday, Netanyahu listed what he said were the many kind and charitable acts by his wife and blasted the Uvda report as “lies.” It was the latest in a long line of legal troubles for the Netanyahus — highlighted by the prime minister's ongoing corruption trial . Netanyahu is charged with fraud, breach of trust and accepting bribes in a series of cases alleging he exchanged favors with powerful media moguls and wealthy associates. Netanyahu denies the charges and says he is the victim of a “witch hunt” by overzealous prosecutors, police and the media.
American Airlines has recommenced its flights after a temporary suspension of approximately one hour on Tuesday due to a technical issue affecting the systems required for plane dispatch. The nationwide pause was lifted shortly before 13:00 GMT, as the Federal Aviation Administration (FAA) confirmed. This interruption occurred on one of the year’s busiest travel days, as passengers travelled on Christmas Eve. In an official statement, American Airlines attributed the problem to a “vendor technology issue” and assured that efforts were being maximised to minimise further disruptions. The airline stated, “We sincerely apologise to our customers for the inconvenience this morning. “It’s all hands on deck as our team is working diligently to get customers where they need to go as quickly as possible.” Despite ongoing delays as the airline recovers from the widespread issue, real-time tracking website Flightradar24 indicates that flights are once again departing from several major US travel hubs. Passengers took to social media to report being stranded on the tarmac or at gates during the approximately one-hour outage. In July, American Airlines, along with other major operators, grounded flights across the United States due to communication issues stemming from a global IT crash. This previous incident, which also affected banks and emergency services, was caused by a faulty software update from cybersecurity firm CrowdStrike. Frances Ibiefo Follow us on:William Blair downgrades Ulta on concerns over beauty category recovery
Love Actually fans can't believe film's little-known link to Elon Musk
PNC Financial Services Group Inc. raised its holdings in Vanguard Energy ETF ( NYSEARCA:VDE – Free Report ) by 0.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 112,793 shares of the company’s stock after acquiring an additional 124 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.17% of Vanguard Energy ETF worth $13,814,000 as of its most recent SEC filing. Other hedge funds also recently modified their holdings of the company. Cetera Investment Advisers increased its position in Vanguard Energy ETF by 930.9% during the 1st quarter. Cetera Investment Advisers now owns 283,453 shares of the company’s stock valued at $37,331,000 after purchasing an additional 255,958 shares during the period. Strategic Financial Concepts LLC raised its stake in Vanguard Energy ETF by 13,105.7% during the second quarter. Strategic Financial Concepts LLC now owns 228,194 shares of the company’s stock worth $29,111,000 after buying an additional 226,466 shares during the last quarter. Cetera Advisor Networks LLC raised its stake in Vanguard Energy ETF by 54.1% during the first quarter. Cetera Advisor Networks LLC now owns 175,212 shares of the company’s stock worth $23,075,000 after buying an additional 61,535 shares during the last quarter. Cetera Advisors LLC lifted its holdings in Vanguard Energy ETF by 193.4% in the first quarter. Cetera Advisors LLC now owns 76,566 shares of the company’s stock valued at $10,084,000 after buying an additional 50,470 shares during the period. Finally, LPL Financial LLC boosted its position in Vanguard Energy ETF by 9.8% during the second quarter. LPL Financial LLC now owns 541,783 shares of the company’s stock valued at $69,115,000 after acquiring an additional 48,418 shares during the last quarter. Vanguard Energy ETF Price Performance Shares of NYSEARCA:VDE opened at $136.78 on Friday. Vanguard Energy ETF has a 1 year low of $110.51 and a 1 year high of $137.92. The business’s 50-day moving average is $126.91 and its 200-day moving average is $126.79. The company has a market capitalization of $9.13 billion, a price-to-earnings ratio of 8.22 and a beta of 0.51. About Vanguard Energy ETF Vanguard Energy ETF (the Fund) is an exchange-traded share class of Vanguard Energy Index Fund. The Fund employs a passive management or indexing investment approach designed to track the performance of the Morgan Stanley Capital International (MSCI) US Investable Market Energy Index (the Index), an index of stocks of large, medium and small United States companies in the energy sector, as classified under the Global Industry Classification Standard (GICS). Featured Articles Want to see what other hedge funds are holding VDE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vanguard Energy ETF ( NYSEARCA:VDE – Free Report ). Receive News & Ratings for Vanguard Energy ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vanguard Energy ETF and related companies with MarketBeat.com's FREE daily email newsletter .HOUSTON (AP) — The Houston Texans didn’t need to see what Baltimore’s Derrick Henry is doing this season to be reminded of just how dangerous he can be. He ran all over the Texans for years while playing in the AFC South for the Tennessee Titans. Henry and the Ravens (10-5) visit AFC South champion Houston (9-6) on Wednesday, looking for a win to keep their AFC North title chances alive. Baltimore has clinched a playoff berth for a third straight season but needs wins in its last two games and one loss by the Steelers to capture the division. Henry, who ranks second in the NFL with 1,636 yards rushing, has had some of his greatest success against the Texans. Four of the 30-year-old’s six career 200-yard rushing games have been against Houston, including a career-high 250 in the season finale in the 2020 season to surpass 2,000 yards. “You talk about fast, explosive, physical — he’s looking probably the best he’s looked in his career,” Texans coach DeMeco Ryans said. “He’s found that fountain of youth ... he’s a great player. It’s fun to see guys rebound and bounce back the way that he’s done this year.” Dealing with Henry along with all the challenges that quarterback Lamar Jackson presents makes the top-ranked Ravens one of Houston’s more difficult matchups. “You talk about MVP, (Jackson’s) definitely the MVP in my mind just for what he’s doing not only in the run game but also throwing the football,” Ryans said. “The accuracy, the decision-making, like, he’s playing unbelievable ball right now, so it’s going to be a really tough challenge for us this week.” Another challenge for the Texans is moving on after Tank Dell sustained a season-ending knee injury in Saturday’s loss to Kansas City. His injury is another blow to a receiving group that already was without star Stefon Diggs, who tore his ACL in Week 8. “The position we’re in, it’s not a lot of times where you can sulk in your feelings for very long,” quarterback C.J. Stroud said. “You’ve got to just keep rolling. I think that’s a testament to just life in general. Everybody has stuff on their plate. Everybody is going through something. And just because we’re in this position, doesn’t mean you get to feel sorry for yourself.” Houston will rely on Stroud to keep the passing game rolling despite the loss of Dell, who ranks second on the team with 667 yards receiving. Baltimore coach John Harbaugh has been impressed with Stroud’s growth in Year 2 and knows that dealing with him will be difficult for his team, which ranks 31st in the NFL by allowing 254.9 yards passing a game. “He’s just a supertalented guy... he’s surrounded with some good weapons, and he gets the ball out quick,” Harbaugh said. “He handles pressure well, he can move, he’s athletic, scrambles and makes plays.” Jackson is a big fan of Beyoncé, though he didn’t know the title of his favorite song of hers, saying it was “To the left,” which is just the first lines of her hit “Irreplaceable.” And he doesn’t think playing in Wednesday’s game should stop him from seeing her halftime show on Christmas . “I’m going to go out there and watch,” he said. “First time seeing Beyoncé perform, and it’s at our game — that’s dope. I’m going to go out and watch. Sorry Harbaugh, sorry fellas." He later clarified that he was kidding about sneaking out at halftime to get a glimpse of Queen Bey. “I was just thinking about just seeing Beyoncé for the first time,” he said. “Not saying it like that; no disrespect, because I know how people can take things. Next question.” Houston receiver John Metchie could have a chance for a big game with Dell out. Metchie is playing in his second NFL season after missing his entire rookie year while undergoing cancer treatment. He has just 182 yards receiving this season, with his best game coming against Detroit, when he had a career-high 72 yards receiving and his only NFL TD. Stroud is looking for Metchie and fellow reserve Xavier Hutchinson to help make up for Dell’s absence against the Ravens. “Those guys have another opportunity to show who they are and I know that they can do it,” Stroud said. “I see them in practice do it every week. So, I’m excited for them and it’s a good opportunity for them to step up.” Jackson is up to 6,023 yards rushing for his career. The NFL record for a quarterback is 6,109 by Michael Vick, so Jackson could break it with a big game on Wednesday. Jackson also leads the NFL in passer rating and is in the conversation for his third MVP. Although it sounds like that’s a discussion he’d rather not get involved in. “No other choice but to hear it,” Jackson said. “They (are) tagging me in it. You don’t (have) to tag me. You can talk about it all you want, but you want to tag me to get like clickbait because you know sometimes I (will) say something back like, ‘That was stupid.’ It is what it is. I don’t care, though. I really don’t care about the talk.” AP Sports Writer Noah Trister in Owings Mills, Maryland, contributed to this report. AP NFL: https://apnews.com/hub/nfl
For more Nevada Newsmakers click here Hillary Schieve has just two years remaining in her final term as Reno's mayor. Yet she said on Nevada Newsmakers recently that she is no "lame duck." "There's still so much work to do," Schieve told host Sam Shad. "It's never ending." Fighting crime, improving neighborhoods and revitalizing downtown are among Schieve's priorities. She was first elected mayor in 2014 and is a former president of the U.S. Conference of Mayors. "I'll just say this because I've been, you know, very vocal about it. There's a lot of red tape in government. It can be very challenging," she said. "And so there are still a lot of things that I want to get done," Schieve said. "You know, I want to get downtown cleaned up. You probably saw what happened with the Lakemill Lodge, right? Lakemill Lodge, a 123-room dilapidated motel on Mill Street, was closed recently after human waste and used syringes were discovered in stairwells. The Lakemill Lodge has long been considered an eyesore for downtown and a home to those with mental health and drug addiction issues. "You know, we're really staying on top of situations," Schieve said. "So really revitalizing downtown is super critical. (We need) more events to raise tourism. (We need) safe neighborhoods and I want to make sure that we are on top of crime every which way." Fighting crime is a main reason why Schieve supports the City Council's recent approval of Reno Police Department's expanded use of automatic license-plate readers. The license plate readers and associated software are part of an ongoing RPD program aimed at reducing gun violence, according to the Reno Gazette Journal. The license-plate readers (LPRs) are installed in some police vehicles, in downtown locations and along major roads, according to various news reports. "We want safety in our neighborhoods now more than ever," Schieve said. "And I know that some people are like, 'You know, we don't want people to be watching over us.'" Opponents of the license-plate reading technology point out that the mass surveillance will also be watching citizens who have no connection to those committing crimes. Some see it as an invasion of privacy. Yet Schieve feels the new technology is needed to fight crime. "We are in a time where those things are necessary," she said. "Especially with new technology coming out, we can really utilize it and catch criminals faster. And that's what I want to do – be a very forward-thinking city when it comes to crime. I think if there are tools out there, we need to utilize every single one of them." "For me, it's about catching criminals faster," she continued. "I want safe neighborhoods. We want to hold people accountable. It's really, really critical that we're addressing crime on every single level. I just think we're at a point in time where people are feeling nervous and anxious, and they want a safe city, and I want a safe city." Another new technology Schieve is embracing for her final years as mayor is Shotspotter, a system intended to detect gunfire and cut police response times. "Sparks actually has had it (Shotspotter) implemented for a while. And, some of that area actually goes into Reno. So we have found that it's been very helpful, even with their technology, over on the Reno side," she said. LIFE AFTER BEING THE MAYOR When Schieve's final term as mayor has expired, she says it is doubtful that she will seek another elected office. "Everyone's asking me what's next?" she said. "It's funny because, as you know, I'm a nonpartisan, and it's very hard to run for another office if you're not in a party. "To be honest with you, I love working in mental health and public service," Schieve said. "I don't think you need to be elected to make a difference. So I'm just going to keep focusing on what we can accomplish at home right here in the city, and then we'll see what that (future) looks like." SOMETHING BIG ON HORIZON Schieve hinted about "some really big projects" for downtown Reno without giving the details. "I think you're going to see – and I can't talk about it – but I'm just going to tease it here for you. But I think you're going to see some really big projects in downtown Reno. You know, I can't talk about them yet, but we're going to make some really big announcements that I'm excited about." The election year made investors and bankers a bit nervous and big things may be happening soon, now that the election is over, Schieve said. "We really did see a lot of things sort of halt because lending wasn't happening," she said. "And that typically happens in an election year. Everyone's very nervous about what that is going to look like. There really isn't stability in the market. But now we're finally starting to see it (stability) and that's great news for downtown Reno." The re-emergence of the Reno Redevelopment Agency, dormant for more than a decade, will oversee many improvements in downtown Reno over the next five years, Schieve said. "I don't know if you know, but the Redevelopment Agency is kicking back up. So we're going to have about $22 million over the next five years to invest in downtown Reno," Schieve said. Living in downtown Reno has become more popular and safer over time, Schieve added. "The other thing that a lot of people don't know is that we have had three times the amount of housing units (built) in downtown Reno than we've had in over a decade, and we're getting ready to bring on 2,500 more," Schieve said. "People are wanting to live in downtown environments of walk-able cities.”
KBC Group NV boosted its position in shares of Virtu Financial, Inc. ( NASDAQ:VIRT – Free Report ) by 42.9% in the third quarter, HoldingsChannel.com reports. The fund owned 2,864 shares of the financial services provider’s stock after acquiring an additional 860 shares during the quarter. KBC Group NV’s holdings in Virtu Financial were worth $87,000 as of its most recent filing with the SEC. Other large investors have also added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC increased its holdings in Virtu Financial by 76.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 73,572 shares of the financial services provider’s stock worth $1,510,000 after buying an additional 31,884 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in shares of Virtu Financial by 3.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 40,908 shares of the financial services provider’s stock worth $841,000 after purchasing an additional 1,217 shares during the last quarter. BOKF NA lifted its position in Virtu Financial by 25.3% during the first quarter. BOKF NA now owns 29,425 shares of the financial services provider’s stock valued at $619,000 after purchasing an additional 5,945 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Virtu Financial by 5.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 48,801 shares of the financial services provider’s stock valued at $1,002,000 after purchasing an additional 2,314 shares during the period. Finally, Interval Partners LP purchased a new stake in Virtu Financial in the first quarter valued at $5,050,000. Hedge funds and other institutional investors own 45.78% of the company’s stock. Analyst Upgrades and Downgrades A number of research firms have weighed in on VIRT. The Goldman Sachs Group lifted their price objective on Virtu Financial from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Monday, September 30th. Bank of America decreased their price target on Virtu Financial from $37.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Citigroup raised their price objective on shares of Virtu Financial from $32.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Morgan Stanley boosted their target price on shares of Virtu Financial from $23.00 to $25.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Finally, Piper Sandler restated an “overweight” rating and set a $35.00 price target on shares of Virtu Financial in a research report on Thursday, October 24th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $29.50. Virtu Financial Price Performance Virtu Financial stock opened at $36.69 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.47 and a current ratio of 0.47. The stock has a market capitalization of $5.67 billion, a P/E ratio of 18.44, a P/E/G ratio of 0.58 and a beta of 0.38. Virtu Financial, Inc. has a 1 year low of $16.02 and a 1 year high of $38.09. The company’s fifty day moving average price is $32.62 and its 200 day moving average price is $28.14. Virtu Financial ( NASDAQ:VIRT – Get Free Report ) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.03. Virtu Financial had a return on equity of 23.22% and a net margin of 7.29%. The business had revenue of $388.00 million for the quarter, compared to the consensus estimate of $379.18 million. During the same quarter last year, the business posted $0.40 earnings per share. The business’s quarterly revenue was up 30.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Virtu Financial, Inc. will post 2.71 earnings per share for the current fiscal year. Virtu Financial Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend is Friday, November 29th. Virtu Financial’s payout ratio is 48.24%. Virtu Financial Profile ( Free Report ) Virtu Financial, Inc operates as a financial services company in the United States, Asia Pacific, Canada, EMEA, Ireland, and internationally. The company operates through two segments, Market Making and Execution Services. Its product includes offerings in execution, liquidity sourcing, analytics and broker-neutral, capital markets, and multi-dealer platforms in workflow technology. See Also Want to see what other hedge funds are holding VIRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Virtu Financial, Inc. ( NASDAQ:VIRT – Free Report ). Receive News & Ratings for Virtu Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Virtu Financial and related companies with MarketBeat.com's FREE daily email newsletter .