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Farage: Badenoch must apologise for ‘crazy conspiracy theory’ on Reform numbers
TV’s Dr. Oz invested in businesses regulated by agency Trump wants him to leadFarage: Badenoch must apologise for ‘crazy conspiracy theory’ on Reform numbersIntel Corp. INTC stock has had a rough ride in 2024 so far, falling by over 56% year-to-date. The reason? The world's leading chipmaker has fallen behind the curve, ceding ground to rivals like Advanced Micro Devices Inc. AMD , Nvidia Corp. NVDA and failing to even catch up to Qualcomm Inc. QCOM on the smartphone side of things. The world's leading chipmaker lost the plot across both establishing as well as emerging technologies – it is no longer as dominant as it was in the x86 space, and companies like Nvidia have utterly dominated the AI chips space. See Also: Nvidia’s AI Dominance Leaves Intel, AMD Scrambling For Second Place Intel's failure to innovate is reflected in its stock performance as well – at $20.92, its stock is roughly back to the same level it was at nearly 27 years ago. To make matters worse for Team Blue, that is Intel (its rival AMD is Team Red,) the company's market capitalization has shrunk enough that there are rumors doing the rounds that rivals like Qualcomm could be interested in scooping it up. Qualcomm's interest in acquiring Intel subsequently waned, reportedly due to the "complexities" involved in the transaction. See Also: Palantir Co-Founder Joe Lonsdale Cheers Trump’s New SEC Pick, Calls Out Gary Gensler For ‘Purposely’ Not Defining Crypto Rules For context, Intel's market capitalization stands at $90.22 billion, while Qualcomm's is at $177.26 billion. Intel's closest rival, AMD, is valued more than two times at $224.91 billion. Nvidia, on the other hand, has a relatively stratospheric market capitalization of $3.488 trillion – worth over 38 times Intel's market capitalization. Things have gotten so bad for Intel, that the chipmaker let go of Pat Gelsinger , an industry and Intel veteran, in a somewhat less-than-ideal fashion. Lack Of Innovation, Manufacturing Difficulties, And Increasing Competition While Intel's woes have been ongoing for several years now, issues with its latest desktop chips were likely the straw that broke the proverbial camel's back. After several reports revealed issues with Intel's 13th and 14th generation chips , the company took notice but eventually gave up on fixing them with software updates. The result? Gelsinger had to leave before realizing his mission to complete the 18A fabrication process – while the company says it has been set in motion, chips made using the process have not been rolled out yet. See Also: MicroStrategy’s Michael Saylor Risks Breaking Down The ‘Magic Money Creation Machine’ With His Growing Bitcoin Bet, Says Expert Gelsinger and Intel would have hoped for the success of 18A, especially to keep its struggling foundry business alive. However, with Gelsinger now out and no suitor in sight, Intel's future seems to be hanging in the balance. Price Action: Intel's stock closed at $20.92 on Friday, up 0.6% for the day. Year-to-date, it has fallen 56.2%. Data from Benzinga Pro shows that analysts have a consensus rating of "Neutral" for the Intel stock. BofA Securities , Northland Capital Markets , and Mizuho are among the three most recent analyst ratings, and their average price target stands at $24, implying a 14.7% upside. Will Intel be able to turn around its fortunes, though? Only time will tell. Check out more of Benzinga's Consumer Tech coverage by following this link . Read Next: AAPL Stock Hits New High Despite Sales Slowdown: Tech Bull Says ‘Street Is Realizing' iPhone 16 Marks The ‘Start Of A Super Cycle' For Apple Disclaimer : This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Photo courtesy: Unsplash © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
OTTAWA—A Liberal promise to dole out $250 cheques to millions of people is now in limbo thanks to two opposition parties who are demanding the money flow to more cash-strapped Canadians. The NDP’s Jagmeet Singh signalled Monday that he wants to see eligibility for the cheques extended beyond working Canadians to include seniors, people with disabilities, those receiving unemployment benefits and anyone — particularly students — who joined the workforce for the first time last year. He wasn’t the only leader to push for more to secure the swift passage of the measure: the Bloc Québécois’ Yves-François Blanchet told reporters in French that those “who have actually worked all their lives” must be included, describing the cash handouts as a crude move to win votes. The demands come as Justin Trudeau’s rivals seek to leverage last week’s unveiling of a multibillion-dollar affordability package for their own political gain. The GST cut would be applied to children’s clothes, toys, diapers and car seats. The Liberals have pledged to introduce a two-month GST cut on a number of grocery and holiday essentials, among other items. They would also send $250 to Canadians who worked in 2023, filed their tax return for that year by the end of 2024, and earned up to $150,000. All told, the measures would cost $6.3 billion. Deputy Prime Minister and Finance Minister Chrystia Freeland on Monday justified the measures, in part, as a way to combat what she called a “vibecession,” or the “disconnect” between Canadians’ feelings about the economy and broader, positive economic signals. “Canadians aren’t feeling it, and that is shaping their economic behaviour in ways that are not great for the Canadian economy,” she told reporters. But the Liberals need opposition support to pass the package of pledges — and to pause a that has brought most parliamentary business to a standstill. Singh said Monday he was prepared to back the Trudeau government’s planned GST holiday, after he proposed a more comprehensive version of the tax cut one week earlier. “We want to see the GST holiday happen right away. We know that people are feeling squeezed. They need a break this winter. So let’s pass the GST holiday. And the Liberals need to fix the cheques,” he said. Singh stopped short of stating whether he would block the passage of rebates if the government introduces that portion of the legislation unchanged. But a senior NDP source who spoke to the Star on the condition they not be named said the Liberals won’t be able to force the NDP to back the measure until it meets the party’s expectations. The New Democrats have said they would introduce a so-called “programming” motion to temporarily suspend a Conservative-led effort to stall House of Commons proceedings. Begun in late September, it is a bid to compel the Liberals to release more documents related to a scandal-riddled — and now-defunct — green technology funding agency. The pause would theoretically allow the Liberals’ legislation to be debated and passed in a single day. The NDP source said the party may not even move forward with such a motion until their demands are met, saying “there’s no possibility, really, of this going to a vote until they get that part repaired.” Two senior Liberal sources with knowledge of discussions between the government and the NDP said talks are ongoing and that the GST pause and the $250 payments could be contained in one piece of legislation or two. It could also be separate from other legislation that may come out of the fall economic statement. One insider, on the condition of anonymity, said “it depends on how any agreement comes together, including on who all is included” in the measures. The Conservatives’ filibuster has prevented the Liberals from scheduling the presentation of its economic update, and allowing MPs to vote on the government’s supplementary estimates, which requires parliament’s approval for more than $21 billion in spending on a range of measures. Freeland said Monday that the government is having “energetic conversations” with other parties, but did not say when the legislation to enact the affordability package will be tabled. Trudeau, in a TVA interview in Montreal on Monday, defended the decision to offer GST cuts that he insisted will benefit everyone, and to send $250 cheques to certain Canadians. Trudeau said his government has already done a lot for seniors, listing enhanced old-age payments for those over 75, and the extension of publicly-paid dental care to all seniors. He also said child-care supports have helped families, and noted the government has not extended free dental care to “40-year-old workers” who also didn’t have access to other government supports but will now receive a bit of relief to “help them with ... the cost of living.” The prime minister said Ottawa can afford the measures because Canada’s economic indicators are “hyper-positive” vis-à-vis G7 partners, with Canada having the lowest deficit, and receiving higher direct foreign investment than its peers. But, he added, many Canadians are still feeling squeezed. Both Freeland and Procurement Minister Jean-Yves Duclos said Monday the one-time, temporary measures will not create any new “structural” deficit, meaning it won’t add year-over-year spending to the annual budget which is already in the red. In a statement to the Star, Freeland’s office said the $250 payments will be “clearly labelled” as the affordability measure they are intended to be, whether delivered via direct deposit or by cheque. It may also go to those whose income comes from working or from investment income, the statement said. “The $250 rebate is for all Canadians who worked in 2023 and earned up to $150,000 in net income. That means revenue from all sources, minus your allowable deductions,” said Freeland spokesperson Katherine Cuplinskas.Michael Vi/iStock Editorial via Getty Images In February 2023, I believed that shares of Flex Ltd. ( NASDAQ: FLEX ) were flexing their muscles. After a solid 2022, the company was set to benefit from the IPO of its subsidiary If you like to see more ideas, please subscribe to the premium service "Value in Corporate Events" here and try the free trial. In this service we cover major earnings events, M&A, IPOs and other significant corporate events with actionable ideas. Furthermore, we provide coverage of situations and names on request! The Value Investor has a Master of Science with specialization in financial markets and a decade of experience tracking companies via catalytic company events. Value In Corporate Events Learn more Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.Analysts reset stock price targets on three popular consumer stocks
Courtland Sutton's surge is helping rookie Bo Nix and the Denver Broncos make a playoff pushSome holders of occupancy rights (HOR) of Old Grant Bungalows (OGB), allegedly bought by private persons, have reportedly fenced the properties and gained access to their sealed vast plots. The OGB illegal sale was under the scanner of the then Defence Estates Director, Southern Command, who was shifted out of his position to Eastern Kolkata after he brought to light irregularities related to transfer and illegal sale of old grand bungalows in Pune Cantonment Area. A visit to the OGB populated areas revealed barbed wire fencing, extension of old fences and erection of boundary poles with the aim of securing vacant bungalows and prime plots, allegedly overlooked by the offices of cantonment administration and Director General of Defence Estates (DGDE). The official notice with seals along with signatures of DGDE officials fixed on many OBGs during the tenure of the then Defence Estates Director, Southern Command Saurav Ray, have been found torn in some properties. The HORs have been found to have placed surveillance cameras covering the defence properties. Pune Cantonment Board (PCB) chief executive officer Subrat Pal could not be reached for comments, while the Defence Estates Office did not respond to several phone calls requesting comment. The drive against illegal and unauthorised sale of defence bungalows was initiated by the directorate under the direction of the Defence Estates Director Southern Command on a mission mode where Ray ordered crackdown against unauthorised sale of defence bungalow properties to builders, high networth individuals and influential personalities over the past decades and directed probe to reclaim defence properties lost to landsharks. The Defence Estates Office (DEO) of Pune Circle in January 2024 had sealed an Old Grant Bungalow spread on 0.69 acres of prime defence land worth about ₹ 50 crore on Napier Road as the Holder of Occupancy Rights (HORs) did not take mandatory permission from the Ministry of Defence (MoD) to mutate the property and sold it to real estate developers. The Pune Cantonment Board has 300 OGBs and its Khadki counterpart has 60 bungalow properties. The DEO Office on January 12, 2024 sealed two bungalows — OGB number 15 spread over 2 acres on Staveley Road and Bungalow number 22 on Napier Road — in Pune Cantonment Area. The Southern Command’s Defence Estates Department, in the last week of December 2023, ordered the Defence Estates Officer (DEO) Pune to take over the New Club (Poona) Ltd in the cantonment area due to non-payment of ₹ 17 crore and lease expiry. The DEO office had charged that the club was running a restaurant, liquor bar and a marriage and party lawn illegally. Though the army had objected to the renewal of the club lease, no action was being taken by the principal director, Southern Command and the club management was still collecting ₹ 2,50,000 from new members despite the lease expiry, the internal inquiry reported. Cantonment-based social worker Rajabhau Chavan said, “The OGB’s are being illegally fenced, and additional construction is being carried out without any fear of law. There is no action taken against the illegalities taking place inside such prime defence properties. We demand an inquiry and strict action against violators related to the case.”Video showing an Ohio delivery driver realize that she had been given a very generous tip has gone viral. See the moment captured by Ring doorbell camera in the video player above. The act of kindness was caught on Ring camera , and the driver and the woman who started it all were reunited. When Lisa Burnett delivered a grocery order to a home in the Springboro neighborhood, she never imagined it would change her life. But it did, and it all started with a tip. During the holiday season, Kelly Schilling said she likes to randomly gift people with generous tips. On Saturday, she decided to give Lisa a $100 tip. Lisa thought it might have been a mistake and drove all the way back to Kelly’s home the next day. That’s when the two women shared an emotional moment, after Kelly told Lisa that the tip was a holiday gift. A few years ago, Lisa’s daughter passed away. She is now raising her granddaughter and has been doing deliveries to provide for them. She had just filed for public housing assistance, but after the video of the interaction went viral, Lisa got more support than she could ever imagine. “This became so popular because they loved her story,” Schilling said. “They loved the sincerity of it. I mean, she could have easily just taken the money and never said anything about it, right? But she didn't. And so, within hours, there were probably 5,000 comments.” Lisa said before the moment, she did not have many clothes, or even a winter coat. Now, she does, and she credits this experience as the reason. “I realized I just met an angel in person,” Burnett said. “I've got chills thinking about it now.” As the video went viral, a GoFundMe account was set up for Lisa, with the video seen by millions of people on social media. By Friday afternoon, nearly $40,000 had been raised and the total was continuing to climb. To donate and learn more, click here .
Flex: Becoming A Better Business In Its Transformation
KTTA stock touches 52-week low at $2.87 amid market challenges
Global Liveness Detection Software Market Size, Share and Forecast By Key Players-TECH5,Amazon(AWS),BioID Web,FaceTec,IDEMIAThis is CNBC's live blog covering Asia-Pacific markets. Asia-Pacific markets opened mixed on Thursday after Wall Street rally stalled overnight even as inflation data came in line with expectations. Philadelphia news 24/7: Watch NBC10 free wherever you are The U.S. personal consumption expenditure price index, or PCE, rose 2.3% on an annualized basis , accelerating from 2.1% in September. The so-called core inflation, which excludes food and energy prices, climbed 2.8% in the 12 months through October, up from 2.7% in the previous month. Both matched the expectations from economists polled by Reuters, according to LSEG data. The Bank of Korea is expected to hold its benchmark rate unchanged at 3.25% when its monetary policy committee meets later in the day, according to a Reuters poll of economists. The central bank will also announce updated economic growth and inflation forecasts. South Korea's blue-chip Kospi index fell modestly by 0.16% while the small-cap Kosdaq advanced 0.63%. Japan's Nikkei 225 dropped 0.50% while the broad-based Topix was flat. Australia's S&P/ASX 200 started the day up 0.54%. Hong Kong's Hang Seng index futures were at 19,618, higher than the HSI's last close of 19,603.13. Overnight in the U.S., declines in big technology names pulled markets lower in a thin trading session. Chipmaking powerhouse Nvidia lost more than 1%, while Meta Platforms slid 0.8%. Dell and HP dropped more than 12% and 11%, respectively, following weak earnings forecasts. The S&P 500 declined 0.38% to 5,998.74, snapping a seven-day winning streak. The Nasdaq Composite lost 0.6% to end at 19,060.48. The Dow Jones Industrial Average lost 138.25 points, or 0.31%, to finish at 44,722.06, reversing course gaining more than 140 points. The U.S. market will be closed on Thursday for the Thanksgiving holiday. — CNBC's Alex Harring and Sean Conlon contributed to this report. Inflation data is a 'nice Black Friday gift for the Fed,' investment strategist says Wednesday's inflation data that came in line with expectations is a welcome preholiday update for the Federal Reserve, according to Scott Helfstein, Global X's head of investment strategy. "This is a nice Black Friday gift for the Fed," he said. "They can eat turkey and watch football for a day knowing that they are close to full employment with price stability." Helfstein said the numbers are "very close" to the Fed's target goal. Additionally, he said the reading is unlikely to change the path of interest rates, or the probability of a 25 basis-point cut at the central bank's December policy meeting. — Alex Harring Number of S&P 500 stocks above 200-day average for past year shows 'solid' market The percentage of all stocks in the S&P 500 above their 200-day moving averages is currently 77%, and has remained above at least 60% for the past year. This proves that the underpinnings of the market are "still solid," according to Chris Verrone, head of the technical and macro research at Strategas. The strong moving averages , which smooth out short-term fluctuations to show the underlying trend in a stock price, "speaks to the persistence of decent internals," Verrone wrote to clients on Wednesday. "It's not historically uncommon for the early part of December to be a shoulder period for stocks, but the market is still smack in the middle of its best 3-month run of the calendar," he said, referring to the period from Oct. 31 until Jan. 31. — Scott Schnipper S&P 500 on pace to snap 7-day win streak With just about an hour left in Wednesday's session, the S&P 500 was poised to end a rally that has lasted over the past seven trading days. The broad index ticked down about 0.3% in afternoon trading. If that holds, it will mark its first negative and worst trading day since Nov. 15. In that session, the S&P 500 tumbled more than 1.3%. Elsewhere, the Nasdaq Composite was on track to finish Wednesday around 0.6% lower, while the Dow was down 0.2%. — Alex Harring CNBC Pro: 5 tech stocks in supply chain management could benefit from Trump's tariffs, Redburn Atlantic says President-elect Donald Trump's proposed steep tariffs on imports could create winners in the stock market — particularly among companies that help businesses manage their supply chains, according to Redburn Atlantic. These tech stocks have outperformed during "periods of supply chain uncertainty," the Redburn analyst said citing 2018-2019 trade tensions between the U.S. and China. CNBC Pro subscribers can read more here. — Ganesh Rao CNBC Pro: U.S. stocks too expensive? Morningstar's top exec reveals where he's investing instead Attractive returns and a breadth of opportunities are among the reasons the U.S. market historically reigned supreme among investors. However, one market watcher considers U.S. stocks expensive and is now seeking opportunities in other markets that are cheaper. "We believe markets outside the U.S. are more attractive than the U.S. largely from a valuation perspective," Kunal Kapoor, chief executive officer at Morningstar said, revealing markets with "attractive pockets" of opportunity. CNBC Pro subscribers can read more here. — Amala Balakrishner