
Ludhiana: Bittu rules out possibility of BJP-Congress allianceTrump wants to turn the clock on daylight saving timeThe year in money: inflation eased, optimism ticked upwardThere are no tests or quizzes or textbooks in Daniel Chaffin’s MGT 400 class. The University of Nebraska at Kearney faculty member believes there’s a better way to teach students about entrepreneurship. “The whole class is starting and running a business,” said Chaffin, an associate professor of management in the College of Business and Technology. “A lot of students think they might want to be an entrepreneur, but it’s hard for them to know for sure without actually experiencing it,” he added. “This class gives them a chance to decide whether they like it, without having to quit their job to find out,” he added. A former business development analyst and strategic marketing manager for a large home construction company, Chaffin is known for connecting his classes to real-world experiences. He calls entrepreneurship an “embodied discipline,” something you need to see and do to truly understand. “I want students to feel the ups and downs of it — the risk of failure, the joy of success and the need to press forward even in the midst of obstacles,” he said. “Successful entrepreneurs aren’t necessarily the ones who understand business the most. They’re the ones who can embody what entrepreneurship is the most.” In the MGT 400 class, students experience every step of the entrepreneurial process. They work together in teams to develop business ideas, create pitches, coordinate suppliers, identify marketing strategies and execute their plans. Using startup capital provided by the College of Business and Technology, each business operates for about six weeks before the inventory is liquidated and the initial investment is repaid. Profits are donated to a campus organization or service selected by the student groups. “It helps them create a sense of mission,” Chaffin said. “Yeah, it’s a business, but there’s also a cause tied to it, and that’s where they get a lot of meaning as far as what they’re doing and why they’re doing it.” UNK senior Maddie Rose is one of 19 students who took the class this semester. She graduated Friday with a bachelor’s degree in general studies and is considering entrepreneurship as a potential career path. “I’ve been exploring a lot of different fields,” the Sutton native said. “I’ve thought about possibly starting my own business someday, so it’s good to have that knowledge and experience.” Rose and her class partners created Timeless Treasures, a permanent jewelry business. “It’s kind of a trendy thing right now,” she said of the soldered bracelets, necklaces and anklets that are intended to be worn all the time. The group started with a list of interested customers — UNK sorority members were a key demographic — then expanded their reach by hosting pop-up events on campus. They finished with more than $1,500 in sales, including about $1,000 in profits donated to UNK Student Health and Counseling. “I definitely learned a lot more this semester than I would have learned from a textbook, that’s for sure,” Rose said. “It was overwhelming at first — a lot of planning and coordinating went into it — but I gained a lot of valuable information and experience from it.” Students can also expand their professional networks. They learn from local business owners who share their experiences and provide mentorship throughout the semester while also receiving feedback and advice from Chaffin and other professionals at UNK. “Making those connections with people in the class, in the business program and in the community has been really helpful for me,” Rose said. “Everyone in my group was complete strangers when we started out, so it’s been a pretty fun experience getting to know them.” In addition to Timeless Treasures, other student-run businesses sold custom flags for dorm rooms and fraternities and Nebraska- and Kearney-themed trucker hats, with profits supporting the Interfraternity Council and UNK Career Closet. Elizabeth Vandenberg’s group originally planned to sell international candy, but they couldn’t find a wholesaler with low enough prices, so they decided to create the Swing and Save Card, a punch card that offers discounted rates at six area golf courses for college students. Elizabeth Vandenberg’s group sold a golf punch card offering discounted rates for college students as part of a UNK entrepreneurship class. They ended up with about $1,600 in sales, mostly from local businesses that purchased the cards and donated them to UNK Counseling to distribute to students. Their profits also supported counseling services on campus. A senior from Gretna, Vandenberg is studying business administration with a management emphasis and a minor in entrepreneurship. She enjoyed Chaffin’s class because it’s “tangible and real.” “Entrepreneurship can seem ominous and scary, but this class shows us that we have the skills to be successful,” she said. Those skills — communication, critical thinking, problem solving, budgeting and planning — can be applied to almost any career. “I hope students leave this class with greater confidence and a sense of accomplishment,” Chaffin said. “They can go to a job interview and say, ‘I was part of a startup, and we developed this product.’ That shows future employers what they’re capable of.” Fremont’s Juan Gonzalez won the UNK Invite for the third-straight year leading the Tigers to a fifth-straight team title. Get our local education coverage delivered directly to your inbox.
SEALSQ Corp's stock rallied by more than 20% in early trading on Tuesday, reaching its highest level since August 2023, following the company’s announcement of its advancements in quantum-resistant technology aimed at protecting blockchain systems like Bitcoin from quantum computing threats. Following the initial surge, the stock’s gains tapered to 10% by 10 a.m. ET. Even so, SEALSQ stock’s value has more than doubled since Friday, marking a significant three-day rally. SEALSQ, a subsidiary of WISeKey, is advancing post-quantum cryptography (PQC) with innovative solutions, including quantum-resistant hardware, through its QUASARS project. WISeKey’s U.S.-listed shares also saw a significant boost, rising over 15% during morning trade. WISeKey initially announced the QUASARS project on Feb. 3, last year, when they incorporated SEALSQ Corp as a new company dedicated to developing post-quantum cryptography solutions. According to SEALSQ’s analysis, quantum computers could potentially hack Bitcoin signatures within 30 minutes, threatening the security of blockchain networks. Key vulnerabilities include exposed public keys, which could allow hackers to derive private keys, and dormant coins with lost private keys that remain unprotected. Retail sentiment around SEALSQ remained optimistic, with investors anticipating further gains as the company prepares for its satellite launch in collaboration with Elon Musk-owned SpaceX. Many investors on Stocktwits booked profits at market open, contributing to the stock’s slight pullback. The stock has gained 357.39% year-to-date. For updates and corrections, email newsroom[at]stocktwits[dot]com.< Read also: Broadcom Stock Rises Pre-Market Despite Netflix Patent Lawsuit Against VMware: Retail Reaction SubduedJaipur: A bunch of criminals rammed the shutter of a liquor store at Govindpura under Kardhani police station with an SUV in an apparent attempt to open it and tried to run over a salesman under the wheels on Thursday night. In the incident, captured on CCTV, a salesman of the store who is a resident of Madhorajpura, managed to escape unharmed. He told police that when he was in a nearby room after closing the shop for the night, he was abruptly awakened by a loud noise around 12:30am. He said that he saw a white SUV ramming into the store's shutter. The criminals struck the shutter twice before it finally gave way, said the salesman. As he shouted to alert nearby residents, the criminals attempted to run him over under the vehicle, he said, adding that he narrowly escaped by jumping aside. The robbers quickly fled the scene, heading towards Kalwar Road, leaving behind the store with the broken shutter. Police said that the accused had come late at night and demanded liquor, which the shop owner refused to provide. They rammed the shutter a few hours later in anger. The salesman filed a complaint at Kardhani police station immediately after the incident. According to police, the criminals were clearly keen on robbing liquor from the shop and that their action was recorded on CCTV cameras. Police said a review of the footage and a search for the suspects are on. Stay updated with the latest news on Times of India . Don't miss daily games like Crossword , Sudoku , and Mini Crossword .The battle to get here was certainly an uphill one, but people are generally feeling better about the economy and their finances than they once did. On top of that, the economy has been easing into an ideal, Goldilocks-like position — not running too hot or cooling too quickly. Throughout 2024, consumer sentiment data showed people were fairly positive about the economy and their own finances, even if there’s remaining frustration over elevated prices compared to four years ago. Looking ahead, households are feeling more optimistic about their personal finances in the next year, as the share of those expecting to be in a better financial situation a year from now hit its highest level since February 2020. Combine positive personal vibes with a strong economic picture and it looks like 2024 wasn’t so bad for consumers, after all. But that doesn’t mean there weren’t bumps in the road or potential roadblocks ahead. To cap off the year, NerdWallet writers reflect on the top trends in personal finance and the economy this year — and what they think might be ahead in 2025. In 2024, U.S. consumers have proven resilient following a period of high inflation and ongoing high interest rates. Wage growth has been strong, owing in part to rising productivity. This has driven robust spending throughout the year, which has kept the economy growing at a healthy pace. The labor market has remained steady, though cooler than 2023, and price growth continues to moderate towards the Federal Reserve’s 2% inflation goal. Barring significant changes to economic policy and significant shocks, the U.S. economy is expected to grow at a moderate rate in the coming year. Inflation will continue to moderate and the labor market will remain relatively healthy, all due in part to continued slow and deliberate rate cuts from the Fed. However, there are risks to this path. Higher tariffs and tighter immigration policies are likely, but the extent of these changes are yet unclear. The potential policy scenarios are many, and the economic outcomes complex. Increased tariffs are generally inflationary, and stricter immigration policies could impact the labor supply and economic growth. Consumers and small business owners with their eyes to the new year should focus on the things within their control. High-yield savings accounts and certificates of deposit offered elevated rates in 2024, rewarding savers with strong returns. Following the Federal Reserve rate cuts in the second half of the year, high-yield accounts had modest rate decreases, but they continued to outperform traditional savings accounts and CDs. We’re watching for further Federal Reserve rate cuts, which could lead to more decreases in savings rates. Credit card debt levels hit record highs, with consumers turning to credit cards to pay for necessities. While the economy is doing well, many individuals have struggled to make ends meet, as incomes haven’t kept up with certain costs. We may see some policy and regulation changes with the incoming administration that could affect folks when it comes to credit cards, debt and consumer protections. : New businesses continued to blossom in 2024 as business applications remained well above pre-pandemic levels. Confidence in the future state of the U.S. economy also spiked after the presidential election, but that optimism was tempered by concerns over rising costs and labor quality. All eyes are on the incoming administration as small-business owners brace for turbulence resulting from potential tariffs, tax policy changes and dismantled government regulations. We’re also watching the possibility of interest rate cuts in 2025 and small-business owners’ growing reliance on new technologies, such as AI. Home buyers struggled with elevated mortgage rates, rising house prices and a shortage of homes for sale. On top of that, a new rule required buyers to negotiate their agents’ commissions. The Federal Reserve is expected to cut short-term interest rates, but mortgage rates might not necessarily fall by a similar amount. Buyers will probably have more properties to choose from, and the greater supply should keep prices from rising a lot. Interest rates on home equity loans and lines of credit should fall, making it less expensive to borrow to fix up homes — either to sell, or to make the home more comfortable and efficient. The stock market had a great year. The S&P 500 is up more than 25% due to falling interest rates, fading recession fears, AI hype, and the possibility of lighter taxes and regulations under the new administration. Cryptocurrency also saw big gains in 2024; the price of Bitcoin crossed the $100,000 mark for the first time in December. A lot depends on how fast the Fed reduces rates in 2025. Another key unknown is Trump’s second term. Regulatory rollbacks, such as those he has proposed for the banking industry, could juice stock prices — but they also could create systemic risks in the economy. His proposed tariffs could also hurt economic growth (and therefore stock prices). Finally, it remains to be seen whether trendy AI stocks, such as NVIDIA, can continue their momentum into next year. It’s the same story with crypto: How long will this bull market last? Many people saw their home and auto insurance premiums skyrocket in 2024. In some states, homeowners are finding it harder to even find policies in the first place. Meanwhile, have started to decrease post-pandemic. We also saw more insurers offering online-only policies that don’t require a medical exam. Auto and will likely continue to rise, although auto premiums may not rise as dramatically as they have over the past few years. And if you’re in the market for life insurance, expect to see competitive life insurance quotes and more customizable policies. Borrowers received historic student loan relief, but lawsuits derailed an income-driven repayment plan used by 8 million whose payments are indefinitely paused. Uncertainty will carry into 2025 as a result of the presidential administration change. Trump has pledged to overhaul higher education and rein in student loan relief. The fate of the SAVE repayment plan, student loan forgiveness options, FAFSA processing and more remain in the balance. People are willing to pay more for big and small luxuries while traveling, and airlines and hotels are taking note. Many airlines raised checked bag fees early in 2024, credit card issuers and airlines invested in renovated airport lounges, and major hotel companies continued to add luxury properties and brands to their loyalty programs. Southwest will say goodbye to its open seating policy and introduce new extra-legroom seats, a major departure for the airline. Alaska Airlines and Hawaiian Airlines will unveil a unified loyalty program in 2025. Spirit Airlines may attempt to merge with another airline again after its 2024 bankruptcy filing and two failed mergers under President Biden’s administration. Travelers will find that they’ll have to pay a premium to enjoy most of the upgrades airlines and hotels are making. This year, expanded beyond concerts and travel to online retailers and even fast-food restaurants. This practice of prices changing based on real-time supply and demand received plenty of backlash from consumers and prompted the Federal Trade Commission to investigate how companies use consumers’ data to set prices. Beyond an expansion of dynamic pricing — perhaps with added oversight — expect subscription models to become more prevalent and demand for sustainable products to grow. New-car prices held steady in 2024 but remained high after a few years of sharp increases — the average new car now sells for about $48,000, and for the first time ever the price gap between new and used cars surpassed $20,000 (average used-car prices are now slightly more than $25,000). Overall, the car market returned to being in the buyer’s favor, as new-car inventories reached pre-pandemic levels, manufacturer incentives began making a comeback and auto loan interest rates started to decline. The future of the car market is uncertain and depends on policies implemented by the incoming administration. Questions surround the impact of possible tariffs on car prices, whether auto loan rates will continue to drop, and if federal tax credits will still be available for electric vehicle buyers. Buy now, pay later continued to be a popular payment choice for U.S. shoppers, even while facing headwinds, like an interpretive ruling from the CFPB (which determined BNPL should be regulated the same as credit cards) and Apple’s discontinuation of its popular Apple Pay Later product. Large players like Affirm, Klarna and Afterpay continued to offer interest-free, pay-in-four plans at most major retailers, along with long-term plans for larger purchases. Though more regulation had been widely anticipated in 2025, the change in administration suggests the CFPB will play a less active role in regulating BNPL products. For this reason, and its continued strength in the market, BNPL will likely keep growing. Easing inflation was a bright spot in 2024. In June, the fell below 3% for the first time in three years. Consumers saw prices level off or decline for many goods, including for groceries, and new and used vehicles. But prices haven’t fallen far enough or broadly enough to relieve the pinch many households feel. The new and higher proposed by the Trump administration could reignite inflation on a wide range of goods. Rent prices remain high, but annual rent inflation slowed significantly compared to recent years, staying around 3.5% for much of 2024, according to Zillow, a real estate website that tracks rents. A wave of newly constructed rental units on the market seems to be helping ease competition among renters and forcing landlords to offer better incentives for signing a lease. If it continues, a softening rental market could work in renters’ favor. But construction is one of several industries that could see a shortage of workers if the Trump administration follows through on its promise to deport undocumented immigrants. A shortage of workers would mean fewer houses and apartments could be built. After a contentious presidential campaign, former President Donald Trump declared victory over Vice President Kamala Harris. While on the campaign trail, Trump promised to lower inflation, cut taxes, enact tariffs, weaken the power of the Federal Reserve, deport undocumented immigrants and more. Many economists have said Trump’s proposals, if enacted, would likely be inflationary. In Congress, Republicans earned enough seats to control both houses. It’s unclear which campaign promises Trump will fulfill on his own and with the support of the new Congress. He has promised a slew of “day one” actions that could lead to higher prices, including across-the-board tariffs and mass deportations. Most recently, Trump pledged to enact 20% tariffs on Canada and Mexico, as well as an additional 10% tariff on China. He has also promised to extend or make permanent the 2017 Tax Cuts and Jobs Act; many of its provisions expire by the end of 2025. Fiscal year 2023-2024’s funding saga finally came to an end in March, then six months later, the battle to fund the fiscal year 2024-2025 began. The Biden Administration waged its own war against . Antitrust enforcers pushed back against tech giants like Amazon, Apple, Google, and Meta; prevented the Kroger-Albertsons merger; nixed the Jet Blue-Spirit Airlines merger; and moved to ban noncompete agreements. The Supreme Court rejected a of the Consumer Financial Protection Bureau, as well as a challenge to access. SCOTUS also overruled its landmark case, which means every federal regulatory agency’s power to set and enforce its own rules are now weaker. The election’s red sweep means the GOP will control the executive and legislative branches of government. They’ll face the threat of at least one more potential government shutdown; a debt ceiling drama comeback; and the beginning of the debate over extending or making permanent provisions of the expiring 2017 Tax Cuts and Jobs Act.
SATAWU says new leadership should address workers’ challenges
(BPT) - Tech gifts are consistently some of the most popular presents to give and receive during the holidays. In fact, according to the annual , a record 233 million U.S. adults (89%) will buy tech products during the 2024 holiday season. But with so many devices out there, it can be hard to decide on the perfect option for the loved one on your list. A tablet like the new Fire HD 8 from Amazon offers the versatility of an all-in-one device, with access to streaming, gaming, video chatting, reading or writing all at your fingertips. also features a vibrant 8-inch HD display and lightweight, portable design, for high-quality entertainment on the go. Plus, comes with three new AI features that can help you get the most out of your tablet experience. Check them out below and learn how they can help you with daily tasks this holiday season and beyond. Do you struggle with writing a heartfelt message or finessing a tricky email? Fear not! Writing Assist is here to help. Writing Assist works as part of your Fire tablet's device keyboard and compatible apps, including email, Word documents and social media. In just a few taps, you can transform your writing from good to great. Try Writing Assist's pre-set styles to turn a simple email into a professionally written note. Or, you can ask Writing Assist for grammar suggestions to make your writing more concise, or elaborate on your ideas. You can even "emojify" your writing to add more fun and personality. Say goodbye to scrolling through pages of information. The new Webpage Summaries feature allows you to learn pertinent information as quickly as possible. Available on the Silk browser on Fire tablets, Webpage Summaries provides quick insights on web articles. In a matter of seconds, this feature will distill the key points in an article or on a webpage into a clear, concise summary of what you need to know. With Wallpaper Creator, you can easily add a touch of creative flair and customization to your tablet's home screen. You can choose from one of the curated prompts to get started on creating a unique background. Or, if you're ready to let your imagination run wild, type a description of what you'd like to see. For example, you can ask for an image of a tiger swimming underwater or a watercolor-style image of a desert landscape in space. Wallpaper Creator will then turn your vision into a reality, delivering a high-resolution image that you can use as your tablet's wallpaper. Writing Assist, Webpage Summaries, and Wallpaper Creator are now available on Amazon's new and other compatible Fire tablet devices, including the latest and tablets. To learn more, or to order a new Fire tablet this gift-giving season, visit .Jets' Rodgers insists he'll play despite knee issue, rookie Fashanu placed on IR with foot injuryThe hitman who killed a young U.S. Navy officer in Newport News 17 years ago was among the 37 death row inmates whose sentences were commuted by President Biden on Monday. David Anthony Runyon was found guilty in 2009 in the murder-for-hire slaying of Cory Allen Voss outside a Langley Federal Credit Union on Jefferson Avenue in the Oyster Point section of Newport News. Voss, 30, was a well-liked officer aboard the USS Elrod , a frigate based at the Norfolk Naval Station. The father of two was shot and killed in April 2007 in what was designed to look like a robbery gone bad. It turned out the plot was organized by Voss’ wife, Catherina “Cat” Voss, and her boyfriend, Michael Draven. Their goal: Collect $500,000 in insurance proceeds and live happily ever after. Prosecutors said Cat Voss sent her husband to the ATM off Jefferson Avenue, where Runyon — a former U.S. Army soldier — was waiting. He entered Voss’ pickup, forced him to drive around nearby before shooting him five times at close range. The trial, held for several weeks in U.S. District Court in Norfolk in the summer of 2009, was the last federal death penalty trial in Hampton Roads. The jury’s foreman later told the Daily Press that a handwritten note scrawled on a map that police found in Runyon’s pickup truck was a “devastating” piece of evidence against him. The map, found in the truck’s center console, had several notations about Cory Voss. It also had notes referencing the location of the Langley Federal Credit Union and a description of the gray pickup Voss would be driving. “That was one of the things that pushed it over — and the fact that he couldn’t explain it,” foreman Jeff Fink told the Daily Press in late 2009. Recorded phone calls, intercepted text messages and other evidence also played a role. The 12-member jury sentenced Runyon to death , and he’s been on death row in Terre Haute, Indiana, ever since. The Morgantown, West Virginia, native was 36 years old at the time of the killing and is now 53. But on Monday, Biden commuted the sentences of 37 of the 40 inmates on federal death row inmate, giving them life sentences without the possibility of parole. “Make no mistake: I condemn these murderers, grieve for the victims of their despicable acts, and ache for all the families who have suffered unimaginable and irreparable loss,” Biden wrote in a statement. “But guided by my conscience and my experience as a public defender” and his roles in the Senate and as president, “I am more convinced than ever that we must stop the use of the death penalty at the federal level.” “In good conscience, I cannot stand back and let a new administration resume executions that I halted,” Biden added. Aside from Runyon, Biden also commuted the sentences of five other death row inmates in federal murder cases from Virginia. That includes two from Richmond, and one each from Alexandria, Lee County and Mount Vernon. Biden said he would leave on death row those inmates whose cases arose from terrorism and “hate-induced mass murder.” Still on death row are the man who carried out the Boston Marathon bombing in 2013, the killer of nine at a historically Black church in South Carolina in 2015, and a man who killed 11 at a Pittsburgh Synagogue in 2018. Incoming President Donald Trump had promised to increase the pace of federal executions in his administration, with Trump sharply criticized the commutations in a post on Truth Social on Tuesday. “Joe Biden just commuted the Death Sentence on 37 of the worst killers in our Country,” Trump wrote. “When you hear the acts of each, you won’t believe that he did this. Makes no sense. Relatives and friends are further devastated. They can’t believe this is happening!” In an interview Tuesday, Voss’ sister, Kristen Smith, 44, of Monroe, Michigan, said the jury’s death sentence against Runyon should have stayed in place. “My take on it is, if someone is going to purposely take another life, they forfeit the right to their own,” Smith said. “If you take yourself out of the laws of civilization and don’t act like a civilized person, then you take yourself out outside of that.” “My brother didn’t die because of an accident,” Smith said, saying Runyon “did this purposely for personal gain.” Voss’ mother, Barbara Wilson, 72, also of Michigan, said she learned about Biden’s commutations on the radio Monday, then got a call from Managing Assistant U.S. Attorney Lisa McKeel, one of the federal prosecutors on the Newport News case. Wilson said she’s normally “philosophically opposed to the death penalty” because of the chance of executing an innocent person. But she was in favor of the death penalty in her son’s case. That’s not only because Cory “was an eye for an eye kind of guy” and would have supported it, she said, but also because of the overwhelming evidence that Runyon killed her son. “In this case it’s very much warranted,” Wilson said. Still, though she would “prefer he be on death row, I’m kind of OK with life in prison without parole.” Runyon’s lead 2009 trial attorney, Lawrence H. Woodward Jr. of Virginia Beach, declined to comment on the commutation Monday. Runyon’s current attorneys, Kathryn Ali with Ali & Lockwood LLP in Washington and Elizabeth J. Peiffer and Robert Edward Lee Jr. with the Virginia Capital Representation Resource Center in Charlottesville, could not be immediately reached Tuesday. Litigation over the Runyon case has been active over the past several years, with the inmate’s attorneys having pressed hard for a new sentencing hearing. Among other things, they contended that one of Runyon’s lawyers at the 2009 trial, the late Steve Hudgins, failed to adequately explore evidence that Runyon was suffering from brain damage when he killed Voss in 2007 If jurors knew about that brain damage — possibly caused by child abuse and being later hit head-on by a drunk driver while serving in the Army — they might have spared Runyon’s life, his lawyers contended. In December 2020, the U.S. 4th Circuit Court of Appeals ruled that the claim had merit . They told the original Norfolk trial judge to conduct an evidentiary hearing to further explore the issue. Senior U.S. District Judge Rebecca Beach Smith did just that, finally holding a 15-day evidentiary hearing on the issue in November 2023, with Runyon’s attorneys pitted against the U.S. Attorney’s Office. Seven months later, in June 2024, Smith handed down 100-page ruling saying a new sentencing is unwarranted. “The court will not set aside the jury’s unanimous verdict by imposing an impossibly high standard for the performance of death penalty trial counsel some fifteen years after-the-fact,” Smith wrote. The trial attorney’s performance, she wrote, was “eminently reasonable at the time” and as such didn’t violate Runyon’s right to effective counsel. Smith’s ruling meant the 2009 jury’s death sentence would stand. But with Biden’s commutations Monday, that ruling is now moot. Runyon now gets several life sentences without the possibility of parole, which is what his lawyers have been pushing for more than a decade. Runyon now has identical sentences as both Catherina Voss and Draven. Voss, 49, is locked up at a federal prison in Alabama, while Draven, 44, is at a federal prison in California. Peter Dujardin, 757-897-2062, pdujardin@dailypress.com
Fort Lauderdale, FL, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (“Algorhythm” or the “Company”) (NASDAQ: RIME), an AI-driven technology and consumer electronics holding company, announced today the closing of its previously announced public offering with gross proceeds to the Company of approximately $9.5 million, before deducting placement agent fees and other estimated expenses payable by the Company. The offering comprised of 55,882,352 shares of the Company’s common stock (or pre-funded warrants in lieu of shares of common stock). Each share of common stock or pre-funded warrant was sold with one Series A Warrant to purchase one share of common stock at an exercise price of $0.17 per share (the “Series A Warrants”) and one Series B Warrant to purchase one share of common stock at an exercise price of $0.34 per share (the “Series B Warrants” and, together with the Series A Warrants, the “Warrants”). The Warrants will become exercisable upon the approval of the Company’s stockholders of the issuance of the shares of common stock issuable upon exercise of the Warrants, and certain other provisions of the Warrants. The Series A Warrants will expire on the five-year anniversary of its initial exercise date and the Series B Warrants will expire on the two and one-half-year anniversary of its initial exercise date. The purchase price of each share of common stock and accompanying Warrants was $0.17, and the purchase price of each pre-funded warrant and accompanying Warrants was such price minus $0.01. The Company intends to use the net proceeds from this offering for working capital and other general corporate purposes, and for repayment of certain outstanding senior secured notes of the Company. Univest Securities, LLC is acting as sole placement agent for the offering. The securities described above are being offered by the Company pursuant to a registration statement on Form S-1 (File No. 333283178) (the “Registration Statement”) previously filed and declared effective by the Securities and Exchange Commission (the “SEC”). This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction. The offering is being made only by means of a prospectus which is a part of the Registration Statement. A final prospectus relating to the offering has been filed with the SEC and is available on the SEC’s website at www.sec.gov . Electronic copies of the final prospectus relating to this offering may be obtained, when available, by contacting Univest Securities, LLC at info@univest.us , or by calling +1 (212) 343-8888. About Algorhythm Holdings Algorhythm Holdings, Inc. is a holding company with two primary investments. First, the Company owns SemiCab Holdings, an emerging leader in the AI-enabled global logistics industry. Second, the Company owns The Singing Machine Company, the worldwide leader in the consumer karaoke industry. SemiCab is a cloud-based Collaborative Transportation Platform built to achieve the scalability required to predict and optimize millions of loads and hundreds of thousands of trucks. To orchestrate collaboration across manufacturers, retailers, distributors, and their carriers, SemiCab uses real-time data from API-based load tendering and pre-built integrations with TMS and ELD partners. To build fully loaded round trips, SemiCab uses AI/ML predictions and advanced predictive optimization models. On the SemiCab platform, shippers pay less and carriers make more while not having to change a thing. Since 2020, SemiCab has enabled major retailers, brands and transportation providers to address these common supply-chain problems globally. SemiCab's Orchestrated Collaboration TM AI model has proven to increase transportation capacity, improve asset utilization, reduce empty miles, lower logistics costs, and provide visibility into the entire transportation network. Models show the technology has the capability of saving shippers tens of billions of dollars annually through optimization. Further, SemiCab’s technology also has the potential to play a key role in the improved sustainability model globally. Based on its proven ability to improve truck utilization rates from 65% to over 90%, this results in a dramatic reduction in the carbon footprint of the industry. The optimization of existing truck utilization can add approximately 30% more trucking capacity without adding more trucks, drivers or driven miles which addresses common problems plaguing the industry like severe driver shortage and road congestion. Trucking optimization could also eliminate approximately 25% of CO2 emissions attributable to road freight. For additional information regarding SemiCab: http://www.semicab.com The Singing Machine Company, Inc. is the worldwide leader in consumer karaoke products. Based in Fort Lauderdale, Florida, and founded over forty years ago, the Company designs and distributes the industry's widest assortment of at-home and in-car karaoke entertainment products. Their portfolio is marketed under both proprietary brands and popular licenses, including Carpool Karaoke and Sesame Street. Singing Machine products incorporate the latest technology and provide access to over 100,000 songs for streaming through its mobile app and select WiFi-capable products and is also developing the world’s first globally available, fully integrated in-car karaoke system. The Company also has a new philanthropic initiative, CARE-eoke by Singing Machine , to focus on the social impact of karaoke for children and adults of all ages who would benefit from singing. Their products are sold in over 25,000 locations worldwide, including Amazon, Costco, Sam’s Club, Target, and Walmart. To learn more, go to www.singingmachine.com . Investor Relations Contact: investors@algoholdings.com www.algoholdings.com Forward Looking Statements This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements are subject to considerable risks and uncertainties. The Company intends such forward-looking statements to be covered by the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this press release, including statements about our beliefs and expectations, are "forward-looking statements" and should be evaluated as such. Forward-looking statements may be identified by words such as “anticipates,” “believes,” “estimates,” “expects,” “intends,” “may,” “plans,” “projects,” “seeks,” “should,” “suggest”, “will,” and similar expressions. Forward-looking statements in this press release include, without limitation, statements relating to the timing, size and expected gross proceeds of the Offering, the completion of the Offering, the satisfaction of customary closing conditions related to the Offering and sale of securities, the Company’s ability to complete the Offering, and the intended use of proceeds from the Offering. The Company has based these forward-looking statements on its current expectations and projections about future events. Forward-looking statements are subject to and involve risks, uncertainties, and assumptions that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements predicted, assumed or implied by such forward-looking statements, including, without limitation, risks, uncertainties and assumptions related to market conditions and the satisfaction of closing conditions related to the Offering, risks disclosed in the section titled “Risk Factors” included in the Registration Statement on Form S-1 initially filed with the SEC on November 12, 2024, and risks disclosed under item 1A. “Risk Factors” in the Company’s most recently filed Form 10-KT filed with the SEC and the Company’s Quarterly Reports on Form 10-Q. This press release speaks as of the date indicated above. The Company undertakes no obligation and expressly disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
"Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum." Section 1.10.32 of "de Finibus Bonorum et Malorum", written by Cicero in 45 BC "Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt ut labore et dolore magnam aliquam quaerat voluptatem. Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam, nisi ut aliquid ex ea commodi consequatur? Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum fugiat quo voluptas nulla pariatur?" 1914 translation by H. Rackham "But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful. Nor again is there anyone who loves or pursues or desires to obtain pain of itself, because it is pain, but because occasionally circumstances occur in which toil and pain can procure him some great pleasure. To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage from it? But who has any right to find fault with a man who chooses to enjoy a pleasure that has no annoying consequences, or one who avoids a pain that produces no resultant pleasure?" 1914 translation by H. Rackham "But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful. Nor again is there anyone who loves or pursues or desires to obtain pain of itself, because it is pain, but because occasionally circumstances occur in which toil and pain can procure him some great pleasure. To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage from it? But who has any right to find fault with a man who chooses to enjoy a pleasure that has no annoying consequences, or one who avoids a pain that produces no resultant pleasure?" Thanks for your interest in Kalkine Media's content! To continue reading, please log in to your account or create your free account with us.Vietnam officials on trial over Covid-19 flight bribes
The Congress on Tuesday filed a plea in the Supreme Court challenging the recent amendments to the Conduct of Election Rules, 1961. Its communication chief Jairam Ramesh made the announcement on X. ET Year-end Special Reads Top 10 equity mutual funds of the year. Do you have any? How India flexed its global power muscles in 2024 2024 was the year India became the talk of America On December 21, the central government amended Rule 93 of the Conduct of Election Rules, 1961, to restrict public access to certain electronic documents in a bid to prevent the misuse of electronic election records. "The Election Commission, a Constitutional body, charged with the conduct of free and fair elections cannot be allowed to unilaterally, and without public consultation, amend such a vital law in such a brazen manner," Ramesh wrote on X. Ramesh added, "This is especially true when that amendment does away with public access to essential information that makes the electoral process more transparent." The amended version of the rule states: "All other papers as specified in these rules relating to the election shall be open to public inspection." This means that electronic footage of the polling process will no longer be open to public scrutiny. EC Rejects Cong Charges on Maha count Mismatch Marketing Future of Marketing & Branding Masterclass By - Dr. David Aaker, Professor Emeritus at the Haas School of Business, UC Berkeley, Author | Speaker | Thought Leader | Branding Consultant View Program Web Development Maximizing Developer Productivity: The Pomodoro Technique in Practice By - Prince Patni, Software Developer (BI, Data Science) View Program Marketing Modern Marketing Masterclass by Seth Godin By - Seth Godin, Former dot com Business Executive and Best Selling Author View Program Strategy ESG and Business Sustainability Strategy By - Vipul Arora, Partner, ESG & Climate Solutions at Sattva Consulting Author I Speaker I Thought Leader View Program Finance A2Z Of Finance: Finance Beginner Course By - elearnmarkets, Financial Education by StockEdge View Program Finance Value and Valuation Masterclass By - CA Himanshu Jain, Ex McKinsey, Moody's, and PwC, Co - founder, The WallStreet School View Program Web Development Java 21 Essentials for Beginners: Build Strong Programming Foundations By - Metla Sudha Sekhar, IT Specialist and Developer View Program Strategy Succession Planning Masterclass By - Nigel Penny, Global Strategy Advisor: NSP Strategy Facilitation Ltd. View Program Artificial Intelligence(AI) Mastering C++ Fundamentals with Generative AI: A Hands-On By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance Financial Literacy for Non-Finance Executives By - CA Raja, Chartered Accountant | Financial Management Educator | Former AVP - Credit, SBI View Program Artificial Intelligence(AI) Collaborative AI Foundations: Working Smarter with Machines By - Prince Patni, Software Developer (BI, Data Science) View Program Web Development A Comprehensive ASP.NET Core MVC 6 Project Guide for 2024 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Web Development C++ Fundamentals for Absolute Beginners By - Metla Sudha Sekhar, IT Specialist and Developer View Program Web Development Master RESTful APIs with Python and Django REST Framework: Web API Development By - Metla Sudha Sekhar, IT Specialist and Developer View Program Leadership Business Storytelling Masterclass By - Ameen Haque, Founder of Storywallahs View Program Artificial Intelligence(AI) Generative AI for Dynamic Java Web Applications with ChatGPT By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Tabnine AI Masterclass: Optimize Your Coding Efficiency By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance Financial Literacy i.e Lets Crack the Billionaire Code By - CA Rahul Gupta, CA with 10+ years of experience and Accounting Educator View Program Data Science SQL for Data Science along with Data Analytics and Data Visualization By - Metla Sudha Sekhar, IT Specialist and Developer View Program Data Analysis Animated Visualizations with Flourish Studio: Beginner to Pro By - Prince Patni, Software Developer (BI, Data Science) View Program In another election-related development, the Election Commission of India (ECI) on Tuesday rejected Congress' allegations over discrepancies in electoral roll and voter turnout rate (VTR) in Maharashtra assembly elections . The ECI, in its reply, has termed the Congress' allegations of 50,000 additions in 50 constituencies won by the ruling alliance as "misleading and factually incorrect". (You can now subscribe to our Economic Times WhatsApp channel )