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Williams-Sonoma ( NYSE:WSM – Free Report ) had its price target increased by Wedbush from $135.00 to $175.00 in a research report sent to investors on Thursday, Marketbeat Ratings reports. They currently have a neutral rating on the specialty retailer’s stock. A number of other brokerages have also recently issued reports on WSM. Wells Fargo & Company boosted their price objective on Williams-Sonoma from $140.00 to $165.00 and gave the stock an “equal weight” rating in a report on Thursday. Barclays upped their price objective on Williams-Sonoma from $116.00 to $123.00 and gave the company an “underweight” rating in a report on Thursday. Robert W. Baird dropped their target price on Williams-Sonoma from $150.00 to $140.00 and set a “neutral” rating for the company in a report on Friday, August 23rd. TD Cowen upped their price target on shares of Williams-Sonoma from $165.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Citigroup dropped their price objective on shares of Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $154.41. View Our Latest Report on Williams-Sonoma Williams-Sonoma Trading Down 0.3 % Williams-Sonoma ( NYSE:WSM – Get Free Report ) last posted its earnings results on Thursday, August 22nd. The specialty retailer reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.13. Williams-Sonoma had a net margin of 14.54% and a return on equity of 51.56%. The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter last year, the company posted $1.56 EPS. Williams-Sonoma’s quarterly revenue was down 4.0% compared to the same quarter last year. Equities analysts forecast that Williams-Sonoma will post 8.13 earnings per share for the current year. Williams-Sonoma Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 18th were paid a $0.57 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $2.28 annualized dividend and a dividend yield of 1.33%. Williams-Sonoma’s payout ratio is 26.97%. Insider Transactions at Williams-Sonoma In other Williams-Sonoma news, CEO Laura Alber sold 40,000 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $130.49, for a total transaction of $5,219,600.00. Following the completion of the transaction, the chief executive officer now owns 990,956 shares of the company’s stock, valued at approximately $129,309,848.44. The trade was a 3.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, EVP Karalyn Smith sold 11,100 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $134.66, for a total transaction of $1,494,726.00. Following the completion of the sale, the executive vice president now owns 15,150 shares in the company, valued at approximately $2,040,099. The trade was a 42.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here . In the last quarter, insiders sold 91,100 shares of company stock valued at $12,525,126. Corporate insiders own 1.50% of the company’s stock. Institutional Inflows and Outflows A number of large investors have recently modified their holdings of the company. Motley Fool Asset Management LLC grew its position in Williams-Sonoma by 4.4% during the 1st quarter. Motley Fool Asset Management LLC now owns 1,225 shares of the specialty retailer’s stock worth $389,000 after acquiring an additional 52 shares during the last quarter. Quent Capital LLC increased its position in Williams-Sonoma by 19.7% in the 1st quarter. Quent Capital LLC now owns 358 shares of the specialty retailer’s stock valued at $114,000 after acquiring an additional 59 shares during the period. EntryPoint Capital LLC raised its stake in shares of Williams-Sonoma by 520.0% during the first quarter. EntryPoint Capital LLC now owns 93 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 78 shares during the last quarter. Smithfield Trust Co lifted its holdings in shares of Williams-Sonoma by 100.0% during the third quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 80 shares during the period. Finally, Diversify Advisory Services LLC grew its stake in shares of Williams-Sonoma by 2.6% in the third quarter. Diversify Advisory Services LLC now owns 3,226 shares of the specialty retailer’s stock worth $500,000 after purchasing an additional 81 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors. About Williams-Sonoma ( Get Free Report ) Williams-Sonoma, Inc operates as an omni-channel specialty retailer of various products for home. It offers cooking, dining, and entertaining products, such as cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma Home brand, as well as home furnishings and decorative accessories under the Williams Sonoma lifestyle brand; and furniture, bedding, lighting, rugs, table essentials, and decorative accessories under the Pottery Barn brand. Featured Articles Receive News & Ratings for Williams-Sonoma Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams-Sonoma and related companies with MarketBeat.com's FREE daily email newsletter .How to maximise your EV's range In the last few years, we have all witnessed electric vehicles (EVs) leap into a sustainable environment, promoting green transportation and helping businesses flourish. Looking at the rising demand for EVs in the market, it is important to keep a few things in mind to better maintain the vehicle maintenance and also increase its longevity. In this article, let’s delve into some key tips and tricks to help people maximize their EV range in the long term. Timely charging: As we all know, the battery is the heart of an electric vehicle, so charging the battery on a regular basis is the primary tip for every vehicle owner. It's always advisable to avoid reaching the extreme, i.e., 0% or 100% charging, as it can impact the health of the battery. Owners can charge the graphene and lithium-ion batteries between 20% and 80% to extend the lifespan of the batteries. Balanced and timely charging plays a vital role in increasing the life and capacity of EV batteries. Use regenerative braking wisely: In EVs, there's a special feature called regenerative braking; it's a key feature that turns the kinetic energy into electrical energy when brakes are applied and amplifies the battery range at the same time. However, using regenerative braking wisely is important while driving; owners can use regenerative braking in the city or in heavy traffic. Unnecessary usage of regenerative braking can impact the battery life in the long run. Plan the routes wisely: While using the EVs, choosing routes with fewer slopes is always recommended, and avoid using crowded places. Moreover, for longer distances, people can schedule the charging stops in advance, which helps them become aware of the charging stations during their route and allows them to enjoy a smooth ride during their journey. Understanding the effect of temperature on battery life: Temperature plays a vital role in extending or reducing the battery life of an electric vehicle. People should take several preventive measures to save the vehicle's battery from the effects of temperature. Both extreme cold and hot weather conditions can shorten the EVs' range. To optimize the battery's life, it's advisable to park the vehicle in a garage or shady place. Moreover, to maintain the vehicle's interior temperature and save battery life while driving, owners need to precondition the vehicle while it's still plugged in. Maintain a steady speed of the vehicle: While driving the EVs, it's important to keep the speed of the vehicle constant. Maintaining a steady speed increases the vehicle's range by reducing the load on the battery, which automatically maximizes the battery life in the long run. A gentle driving habit expands the battery's life, conserves the environment, and avoids road mishaps or accidents. Usage of updated software: As we all know, technology has been upgrading at a rapid rate; even in EVs, technology is progressing significantly, and vehicle owners need to adapt to it on a regular basis. Updating software constantly helps guarantee that the vehicle runs with the newest enhancements and optimizations. The above-mentioned tips and tricks are important for EVs to maintain their lifespan. These are a few major precautions and measures owners should consider while driving EVs. These measures will increase the vehicle's longevity and take one more step towards a sustainable and greener environment. (This article is authored by Gunjan Malhotra, Co-Founder, Komaki Electric)DETROIT LAKES — Formerly a certified safeguarding sniffer, the newest staff member of Detroit Lakes High School is embarking on a new mission: offering emotional support to students and staff. The Detroit Lakes School Board approved the adoption of Buddha, a soon-to-be comfort dog, for Detroit Lakes High School at its Monday, Nov. 25, meeting. ADVERTISEMENT The 8-year-old retired detection dog previously worked at the high school sniffing out contraband like drugs and weapons. Buddha will begin his new role as a comfort dog at the start of the next school year. Buddha, trained by Interquest — the same company that helped Comet find his paws at the middle school — has sniffing training under his belt, which means no additional training costs or requirements. Interquest agreed to donate Buddha to the district at no cost. Special education teacher Matthew Jenson will serve as Buddha’s handler, overseeing his care and daily routine. There will be designated times for students to interact with Buddha as well as a structured process to request his presence in classrooms. Jenson, along with assistant to the principal and co-handler Heather Richter, said Buddha will build on the middle school’s success with Comet, who began his duties in September 2023. “There’s a lot of evidence to support animals in educational settings,” Jenson said. “We get emotional support, behavioral regulation, enhanced learning environments, individualized support, sensory benefits and it just promotes good social skills.” Jenson noted that Comet has led to increased attendance and participation at the middle school, and the high school hopes to see similar benefits. According to a survey of high school students and staff, nearly 97% of the 200 respondents supported adopting Buddha. Jenson and Richter said students with allergies will be accommodated on a case-by-case basis depending on the severity of the allergy. ADVERTISEMENT After the presentation, School Board member Ethan Walz reflected on the impact of Comet at the middle school. “When we brought on Comet, I was very apprehensive about it, but it is really cool to see the impact he has brought to the middle school,” Walz said. Walz made the motion to approve Buddha’s adoption, and the board voted unanimously in favor. The board also reviewed a district financial audit presented by John Hagen, a CPA with Eide Bailly. The audit, finalized Nov. 20, gave the district an “unmodified opinion” on its financial statements and federal fund spending, confirming compliance with proper accounting and grant management practices. Additionally, the board approved two staffing requests for Rossman Elementary School and Community Education at the Lincoln Education Center. Rossman will add an educational assistant paraprofessional, and an esports advisor will be brought on with Community Education. Community Education Director Andrew Lesch also presented on the increase in participation in Community Education programs since making additions and adjustments to available classes. Along with offering new activities and program schedules, one program will be making a return in the next month. “I am happy to announce that we were able to find another partner to be able to bring back our Come and Gather (program), which is adults with disability programming,” Lesch said. “That will be happening starting in January.” ADVERTISEMENT Lesch also highlighted Santa’s Workshop at the Lincoln Education Center, where the center is transformed into Santa’s workshop. Friends and family can make gifts, play games, make treats and visit Santa on Dec. 12 and 13.
The U.N. Human Rights Council announced the opening of the probe in a letter to several Latin American jurists who in October petitioned the U.N. agency to take action in the face of what is said was widespread evidence of electoral fraud that violates the political rights of millions of Venezuelans. Maduro claimed he won the July contest by a large margin and is preparing to start a third, six-year term in January. But electoral authorities have so far refused to publish voting records to back such claims, as they have in the past, amid calls by the U.S., European Union and even leftist allies from Brazil, Colombia and Mexico to do so. Meanwhile, the opposition has published online what appear to be authentic tallies from 80% of polling machines showing that its candidate, Edmundo González , won by a more than 2-to-1 margin. The October petition, made on behalf of a regular Venezuelan citizen, alleges that Maduro officials committed multiple human rights violations by restricting the ability of millions of Venezuelans abroad, publishing false results and blocking any challenges in court. Paulo Abrao, a Brazilian attorney who was among those behind the complaint, said the decision comes as a crucial time, as the Maduro government is seeking to "normalize its nebulous electoral process” in the hopes the rest of the world will move on amid so many other pressing international crises. “We cannot allow that to happen,” said Abrao, the former head of the Inter-American Commission on Human Rights. “Now there is a formal case being processed in an international body with binding force. Venezuela has the obligation to comply with the decision.” Follow AP’s coverage of Latin America and the Caribbean at https://apnews.com/hub/latin-america
NoneOn Football analyzes the biggest topics in the NFL from week to week. For more On Football analysis, head here . Saquon Barkley has become the Shohei Ohtani of the NFL. There’s no better home run hitter playing football right now. Barkley had touchdown runs of 72 and 70 yards for the Philadelphia Eagles in a 37-20 victory over the Los Angeles Rams on Sunday night. He now has five runs of 50-plus yards this season and is on pace to break Eric Dickerson’s single-season record of 2,105 yards set in 1984. Barkley’s historic performance against the Rams — his 255 yards set a team record — captivated a national audience and turned him into a fan favorite for the AP NFL MVP award. He’s not the betting favorite, however. Josh Allen has the best odds at plus-150, according to Bet MGM Sportsbook. Two-time MVP Lamar Jackson is next at plus-250 followed by Barkley at plus-400. Running backs have won the award 18 times, including three-time winner Jim Brown, who was the AP’s first NFL MVP in 1957. Quarterbacks have dominated the award, winning it 45 times. Only three players who weren’t QBs or RBs have been MVP. It takes a special season for a non-QB to win it mainly because the offense goes through the signal caller. Quarterbacks handle the ball every offensive snap, run the show and get the credit when things go well and the blame when it doesn’t. Adrian Peterson was the most recent non-QB to win it when he ran for 2,097 yards and 12 touchdowns for the Minnesota Vikings in 2012. Playing for a winning team matters, too. Nine of the past 11 winners played for a No. 1 seed with the other two winners on a No. 2 seed. The Vikings earned the sixth seed when Pederson was MVP. Barkley is a major reason why the Eagles (9-2) are leading the NFC East and only trail Detroit (10-1) by one game for the top spot in the conference. Does he have a realistic chance to win the MVP award? Kicker Mark Moseley was the MVP in the strike-shortened 1982 season when he made 20 of 21 field goals and 16 of 19 extra points in nine games for Washington. If voters once selected a kicker, everyone has a chance, especially a game-changer such as Barkley. Defensive tackle Alan Page was the MVP in 1971 and linebacker Lawrence Taylor won it in 1986. Running back Christian McCaffrey finished third in voting last year and wide receiver Justin Jefferson placed fifth in 2022. The Offensive Player of the Year award and Defensive Player of the Year award recognize the best all-around players on both sides of the ball, allowing voters to recognize non-QBs if they choose. Wide receivers and running backs have won the AP OPOY award seven times over the past 11 seasons. McCaffrey was the 2023 winner. The AP’s new voting format introduced in 2022 also gives non-QBs a better opportunity to get MVP recognition. Voter submit their top five picks for each award, with a weighted point system. Previously, voters made one choice for each award. A nationwide panel of 50 media members who regularly cover the league vote for MVP and seven other awards. The awards are based on regular-season performance. The Chiefs (10-1) and Bills (9-2) already are in position to lock up postseason berths right after Thanksgiving. Kansas City clinches a playoff berth with a win over Las Vegas on Black Friday and a loss by Miami on Thursday night, or a win plus a loss by Denver on Monday night. Buffalo can wrap up a fifth straight AFC East title with a victory over San Francisco on Sunday and a loss by the Dolphins. It’s not a given that the Dallas Cowboys will be looking for a new head coach after this season. Owner Jerry Jones said Tuesday on local radio that Mike McCarthy could end up getting a contract extension. “I don’t think that’s crazy at all. This is a Super Bowl-winning coach. Mike McCarthy has been there and done that. He has great ideas. We got a lot of football left,” Jones said. McCarthy led the Cowboys (4-7) to three straight 12-win seasons, but they went 1-3 in the playoffs and haven’t reached the NFC championship game since winning the Super Bowl 29 years ago. Injuries have contributed to the team’s struggles this season, but Dallas was just 3-5 before Dak Prescott was lost for the rest of the season. The Cowboys upset Washington last week and their next four games are against teams that currently have losing records. If they somehow end up 9-8 or even 8-9, Jones could make a case for keeping McCarthy. AP NFL: https://apnews.com/hub/nfl
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THE HAGUE, Netherlands (AP) — Alyssa Naeher ended her national team career with one last win. The stalwart goalkeeper made two critical saves in her final match for the United States, and the Americans beat the Netherlands 2-1 on Tuesday. “I definitely wasn’t thinking about it during the game, just wanted to win the game and do what I could to come away with the ‘W’ for us to close out the year,” Naeher said. Lynn Williams scored the go-ahead goal in the 71st minute for the U.S., which won its fifth Olympic gold medal in France this summer and wrapped up the year on a 20-game unbeaten streak. The Americans were coming off a scoreless draw with England on Saturday at Wembley Stadium. Naeher announced two weeks ago that the European exhibitions would be her final matches. The 36-year-old goalkeeper played in 115 games for the U.S., with 111 starts, 89 wins and 69 shutouts. Naeher is the only U.S. keeper with shutouts in both a World Cup and an Olympic final. She was in goal when the United States defeated the Netherlands 2-0 in the 2019 Women's World Cup final . “I feel like in my heart I would love to keep going. In my head, in my body and mind, I feel like it’s the right time. And I think it’s the right time with this team as well as it builds towards the future and towards 2027,” Naeher said. “This environment, this team, is an incredible team to be a part of, but it’s also really hard and really challenging in a lot of ways as well. “I feel like I’ve given everything I have to give for this team and that’s why I feel at peace with that.” The Netherlands took the lead on center back Veerle Buurman's header off a corner kick in the 15th minute. Naeher prevented a second goal when she punched away Dominique Janssen's shot in the 38th. The United States drew even at the end of the first half on an own goal that deflected off Buurman and past Dutch goalkeeper Daphne van Domselaar. Naeher slid to stop Danielle van de Donk's shot in the 69th minute before Williams, a second-half substitute, scored her fourth goal of the year and 21st of her career. “I wouldn’t say that this was our prettiest game of soccer ever. And sometimes that’s how games go. You can talk about tactics, you can talk about formations, you talk about everything, but the biggest thing was matching their intensity. Getting to the second ball, getting to the first ball. That was the shift that needed to happen,” Williams said about the team's second-half mindset. Naeher finished with six saves. She is not quite finished with soccer yet: She will continue playing next season for the Chicago Red Stars of the National Women's Soccer League. “She’s been consistent again and again. Even when she’s been questioned at times in her career, she’s always found the answer,” U.S. coach Emma Hayes said. “Not only has she been a great player in this program, but let me tell you, she’s so loved by everyone, players and staff alike. She is the best teammate you could ask for and that just speaks volumes to the person that she is.” Lily Yohannes came in as a substitute in the second half. Yohannes, who has dual citizenship, opted to play for the United States over the Netherlands last month. She plays professionally for the Dutch club Ajax. The U.S. finished the year without the trio of Mallory Swanson, Trinity Rodman and Sophia Smith, who were left off the roster for the final two matches to rest and heal nagging injuries. The U.S. is unbeaten in 15 matches under Hayes, who took over in May. AP soccer: https://apnews.com/hub/soccer
In the wake of President-elect Donald Trump’s 2016 presidential victory, Big Tech companies became central hubs of the so-called “resistance” against him, firing up censorship and deplatforming campaigns, culminating in the then-former president’s banishment from Facebook and Twitter after the Jan. 6, 2021 riot. Google CEO Sundar Pichai and Google founder Sergei Brin famously led thousands of employees in protest against Trump’s immigration policies. During the 2020 campaign, Big Tech platforms even censored discussions of the Hunter Biden laptop story in order to curry favor with his father and Trump’s opponent — former Vice President Joe Biden. But since Trump’s reelection in November, Big Tech executives appear to be bending the knee rather than trying to kneecap their former foe. Pichai and Brin, for instance, traveled to Mar-a-Lago to dine with Trump. Apple CEO Tim Cook and Amazon founder Jeff Bezos followed suit in getting face time with Trump, the New York Times reported . The month before, Meta CEO Mark Zuckerberg met with the former and incoming president at Mar-a-Lago. The knee-bending continued when Meta , Amazon and OpenAI CEO Sam Altman each announced donations to Trump’s inaugural fund within days of one another, further cementing tech’s shift away from the anti-Trump banner. “I do see it as this overt, if not explicit, apology for them meddling in things they ought not be meddling, which is with our democratic elections,” Joel Thayer, a D.C.-based tech and telecom lawyer, told the Daily Caller News Foundation, referring to rampant social media and search engine censorship in the 2020 elections. “And on the other end, they’re acknowledging that the population has shifted,” Thayer said. “The way we think about Trump-like policies is actually fairly good for the American worker and just individuals in general. And you saw that through the popular vote.” Before the recent outpouring of support from the likes of Zuckerberg and Pichai, Elon Musk’s endorsement of Trump proved to be a game-changer. According to former PayPal CEO Peter Thiel, one of Trump’s early backers in 2016, Musk made other tech executives feel “safer” in coming out to support the former president during the campaign. Tech investors David Sacks and Marc Andreesen were among the relative handful of tech world notables who supported Trump in the general election. Andreessen recently told Bari Weiss of The Free Press that the tech moguls’ new embrace of Trump can be boiled down to the Biden Administration’s “anti-capitalist” policies that showed a “seething contempt” for the tech industry. “I don’t think there’s been an administration this radical on economic and tech policy I don’t think in like — ever,” Andreessen said, adding that President Joe Biden’s office has had an “extreme level of anti-business, anti-tech animus.” The Biden-Harris plan to increase taxes on unrealized gains, for example, had the potential to kill small businesses and prevent new tech startups which had historically driven the industry, he argued on Weiss’ Honestly podcast. This move would particularly harm the rapidly-growing AI industry, which is heavily reliant on private innovation. The Biden Administration wanted tight oversight of the sector, placing sweeping restrictions on AI via executive order in 2023, while Trump has vowed to allow the industry to “freely develop.” Andreessen told Weiss he was left “very scared” for the AI industry after meeting with the Biden Administration. “They said, ‘look, AI is a technology basically that the government is going to completely control,'” Andreessen said. “They actually said flat out to us, ‘don’t do AI startups like, don’t fund AI startups, it’s not something that we’re going to allow to happen, they’re not going to be allowed to exist.'” Andreessen was told that the administration was considering classifying all AI science, allowing it only to be developed by the federal government. congrats to President Trump. i wish for his huge success in the job. — Sam Altman (@sama) November 6, 2024 Biden similarly moved to place heavy restrictions on cryptocurrency and advocated for a federally- controlled digital dollar. Not long after Trump was elected, he nominated pro-crypto Securities and Exchange Commission (SEC) chair Paul Atkins — cryptocurrency stocks suddenly skyrocketed in response. The Biden Administration has largely targeted Big Tech, slapping Google , Amazon, Meta and Apple with antitrust lawsuits within his single term, aiming to crack down on their market dominance. Amazon previously made no effort to hide its left-leaning bias, removing books from its site that criticized the transgender movement and Covid-19 vaccines . In September it was forced to address an “error” in which Amazon’s Alexa apparently expressed support for Vice President and former Democratic presidential nominee Kamala Harris over Trump. Despite this, Bezos and Amazon CEO Andy Jassy both came out in support of Trump following the election. “Congratulations to President-elect @realDonaldTrump on a hard-fought victory,” Jassy wrote in an X post. “We look forward to working with you and your administration on issues important to our customers, employees, communities, and country.” Big congratulations to our 45th and now 47th President on an extraordinary political comeback and decisive victory. No nation has bigger opportunities. Wishing @realDonaldTrump all success in leading and uniting the America we all love. — Jeff Bezos (@JeffBezos) November 6, 2024 “Every company is going to want to just talk to the leaders and see how things are going to shape up and potentially even influence some of those policies,” Thayer said. “I think it’s an acknowledgment that the Overton window has shifted a bit, and it’s shifted in a way that seems to align with Trump-like priorities.” At least some tech companies may be worried about Trump’s trade agenda, Thayer explained. Trump’s proposed tariffs on Chinese goods in particular could have monumental impacts on the tech world. (RELATED: Trump Sends Clear Message To Big Tech With His Pick For Top DOJ Spot) “Apple will probably make a very hard case that it should be exempted from all of these tariffs,” Thayer told the DCNF. “And so I imagine that they are almost certainly trying to beg and plead to fall outside the scope of some of those interactions.” As recently as 2023, Forbes reported that over 95% of Apple products are manufactured in China. Apple CEO Tim Cook reportedly asked Trump under his previous administration to take a softer stance on immigration to allow the company to source more foreign tech workers. Cook met with the president-elect earlier this month, according to The New York Times. “Apple and Google in particular are certainly trying to cater to Trump a little more aggressively than other tech companies, mainly because they’re in the hot seat,” Thayer said. TikTok CEO Shou Zi Chew quickly followed suit and met with the president-elect on Monday at Mar-a-Lago as a ban on the Chinese-owned app looms near, CNN reported . During Trump’s first term in office the then-president deemed the video sharing platform a national security threat and pledged to ban the app unless TikTok’s parent company, ByteDance, abandoned ownership and sold it to a U.S. company. Biden has since followed through on the promise, and a ban of the app is set to go into effect in 2025. Despite his position during his first term, Trump has seemingly softened his stance on TikTok, suggesting he may consider ways to reverse the ban . This shift is possibly due to narrowing public support for the ban, especially among young voters, with whom Trump has gained appeal. Trump has also touted his popularity on the platform leading up to the election, jokingly stating in a speech Sunday, “Maybe we got to keep this sucker [TikTok] around for a little while.” For the historically Democrat Silicon Valley, the tides appear to be shifting at least in part due to the policies of the Biden Administration. The tech industry, which has experienced significant growth in recent decades that has been largely driven by private innovation and small startups, may struggle under strict government control, and Trump could be seen as a potential solution to its challenges. “They were very cozy with the Democratic Party for a very long time, and now I think they’re starting to recognize that there’s now an overt majority of folks who just flat out don’t agree with Democratic priorities, and so at the end of the day, they are going to have to come back and talk to the other people in power,” Thayer said. 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Austin starring Michael Theo - and Canberra! - is back for a second seasonThe Confederation of Indian Industry (CII) has sought reforms in India's Priority Sector Lending (PSL) framework to enable the setting up of more Development Finance Institutions (DFI) to provide funds to new and emerging sectors such as digital infrastructure, green initiatives, healthcare, and innovative manufacturing. "The current Development Finance Institutions like SIDBI and NABFID have their roles cut out as they have earmarked sectors to finance. Therefore, CII has suggested setting up of a high-level committee to look at the revision of Priority Sector Lending norms and also explore the need for any new DFIs to cater to some of the new and emerging sectors," the CII said in a statement on Sunday. Despite its massive success, the PSL framework requires regular recalibration to remain relevant. This recalibration is essential to ensure that the financial resources are optimally distributed, in harmony with our vision of Viksit Bharat 2047, the statement said. For instance, while agriculture contributes 14 per cent of the GDP today, its PSL allocation remains at 18 per cent, unchanged from when its GDP share exceeded 30 per cent. Similarly, sectors like infrastructure and innovative manufacturing lack adequate PSL focus despite their potential to drive economic growth, it added. India’s economy has evolved rapidly over the past few decades, with employment focus shifting to newer sectors because of increased education levels in the society and higher disposable incomes, the statement said. The PSL is a vital policy tool in India, aimed at ensuring that key sectors crucial to the nation’s development receive adequate financial support. Mandated by the Reserve Bank of India (RBI), PSL obligates banks to allocate a specified proportion of their loans to sectors such as agriculture, education, housing, and small industries. The framework ensures equitable credit distribution, contributing to the socio-economic growth of underserved areas. CII Director General Chandrajit Banerjee said: "Sectors like agriculture have reduced contribution to GDP from 30 per cent in the 1990s to about 14 per cent now. Hence, it is time that the Priority Sector Lending (PSL) framework be reviewed every 3-4 years to align based on emerging priorities and PSL allocations should be in line with GDP contributions and sectoral growth potential. For instance, we could look at the inclusion of Emerging and High-Impact Sectors, including digital infrastructure, green initiatives, healthcare, and innovative manufacturing." The industry chamber has, therefore, recommended inclusion in PSL of sectors like green energy projects, electric vehicles, and climate-resilient agriculture along with sectors like digital technologies, artificial intelligence and healthcare innovation. The CII has further pointed out that besides the above sectors, Infrastructure and manufacturing are poised to make substantial contributions to India’s economic growth. It said that its recommendation is that of transition to outcome-based metrics, where the focus needs to shift from absolute lending targets to measurable developmental outcomes, ensuring impact-driven credit distribution.
Shares of communications platform Zoom Video Communications ( ZM -6.31% ) dropped on Tuesday after the technology company reported financial results for its fiscal third quarter of 2025. Everything in the quarter was actually fine. But going into the report, Zoom stock was at a two-year high and had risen over 50% in just a few months. It seems that financial results weren't quite inspiring enough to keep investors from taking recent profits off of the table. And that's why Zoom stock was down about 8% as of 2:45 p.m. ET. The beat and raise was modest for Zoom To reiterate, Zoom's financial results beat expectations on both the top and bottom lines. Moreover, management even raised its full-year guidance. Previously its guidance was for revenue of $4.630 billion to $4.640 billion, whereas now the revenue guidance is modestly higher at $4.656 billion to $4.661 billion. Similarly, Zoom's management expects full-year adjusted earnings per share (EPS) of $5.41 to $5.43, whereas before it only expected adjusted EPS of $5.29 to $5.31. Beating and raising guidance is good. But consider that Zoom's Q3 revenue was only up 3.6% year over year and guidance is only modestly higher. That's why investors weren't more upbeat about the report. One thing to watch One thing is for sure: Zoom is a profitable business with tons of cash. The company has $7.7 billion in cash, cash equivalents, and marketable securities. And it's on pace to generate about $1.6 billion in full-year free cash flow . With this, it's looking to give back to shareholders with a total buyback plan of about $2 billion as of this writing. The problem is that Zoom already repurchased 4.4 million shares in Q3 and yet the outstanding share count still went up due to stock-based compensation . Buyback plans boost the share price when the number of shares go down. So investors should keep an eye on stock-based compensation from here because it is one of the issues that's preventing Zoom stock from performing better.Emerging tight end Noah Gray gives Mahomes and the Chiefs another option in passing game
K. Krithivasan's tenure as the CEO and MD of Tata Consultancy Services, or TCS, has been nothing but eventful, especially with a high-profile hiring controversy looming large over the beginning of his tenure. Still, it has delivered spectacular results to the IT giant, which had reported a 17% rise in profits for the first quarter. TCS is also optimistic that its clients will invest in tech solutions for both short-term and long-term growth. Krithivasan, who hails from Chennai, has been staying at a TCS guest house in Mumbai for the past few months. He plans to shift his family to this financial capital, where he will be starting searching for a house soon. That is according to Money Control. Krithivasan is the head of the operations of TCS, leading 600,000 employees spread over 50 countries. Under his leadership, the company has generated an impressive $27.9 billion in revenue in the last financial year. He has been on the journey with TCS for over three decades of shaping technology strategies and transforming clients globally. He served as the head of the Banking, Financial Services, and Insurance division, which had a direct positive impact on the customer relationship he created and broadened the international reach for the company. Krithivasan graduated with his Bachelor of Mechanical Engineering in University of Madras; then later completed his master's from IIT Kanpur. In private life, he appears to be very much concerned with keeping fit and is fond of reading. Financially, Krithivasan ranks among India’s top-paid IT executives. According to Times Now, his monthly salary includes a base of ₹10 lakh, which, with benefits, can go up to ₹16 lakh. Back in the 2021-22 fiscal year, he reportedly earned an annual package of ₹25.75 crore, as per Money Control. Krithivasan's story is a testament to resilience and dedication-traits that are helping him navigate the pressures of steering one of the world's largest IT firms through a challenging yet promising time.Trump threatens to try to take back the Panama Canal. Panama's president balks at the suggestion
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