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NEW YORK — U.S. stocks climbed Thursday after market and another round of companies said they’re making even fatter profits than expected. The S&P 500 pulled 0.5% higher after flipping between gains and losses several times during the day. Banks, smaller companies and other areas of the stock market that tend to do best when the economy is strong helped lead the way, while briefly broke above $99,000. Crude oil, meanwhile, continued to rise. The Dow Jones Industrial Average jumped 461 points, or 1.1%, and the Nasdaq composite edged up by less than 0.1%. Nvidia rose just 0.5% after for profit and revenue yet again, but it was still the strongest force pulling the S&P 500 upward. It also gave a forecast for revenue in the current quarter that topped most analysts’ expectations due to voracious demand for its chips used in artificial-intelligence technology. Its stock initially sank in afterhours trading Wednesday following the release of the results. Some investors said the market might have been looking for Nvidia’s revenue forecast to surpass expectations by even more. But recovered in premarket trading Thursday, and Wedbush analyst Dan Ives said it was another “flawless” profit report provided by Nvidia and CEO Jensen Huang, whom Ives calls “the Godfather of AI.” The stock meandered through Thursday as well, dragging the S&P 500 and other indexes back and forth. How Nvidia’s stock performs has than any other because it’s grown into Wall Street’s most valuable company at roughly $3.6 trillion. The frenzy around AI is sweeping up other stocks, and Snowflake jumped 32.7% after reporting stronger results for the latest quarter than analysts expected. The company, whose platform helps customers get a better view of all their silos of data and use AI, also reported stronger revenue growth than expected. BJ’S Wholesale Club rose 8.3% after likewise delivering a bigger profit than expected. That may help calm worries about how resilient U.S. shoppers can remain, given high prices across the economy and still-high interest rates. A day earlier, after reporting sluggish sales in the latest quarter and giving a dour forecast for the holiday shopping season. It followed , which gave a much more encouraging outlook. Nearly 90% of the stocks in the S&P 500 ended up rising Thursday, and the gains were even bigger among smaller companies. The Russell 2000 index of smaller stocks jumped a market-leading 1.7%. Google’s parent company, Alphabet, helped keep indexes in check. It fell 4.7% after U.S. regulators asked a judge to by forcing it to sell its industry-leading Chrome web browser. In a 23-page document filed late Wednesday, the U.S. Department of Justice called for sweeping punishments that would include restrictions preventing Android from favoring its own search engine. Regulators stopped short of demanding Google sell Android but left the door open to it if the company’s oversight committee continues to see evidence of misconduct. All told, the S&P 500 rose 31.60 points to 5,948.71. The Dow jumped 461.88 to 43,870.35, and the Nasdaq composite added 6.28 to 18,972.42. In the crypto market, bitcoin eclipsed $99,000 for the first time before pulling back toward $98,000, according to CoinDesk. It’s more than doubled so far this year, and its climb has accelerated since Election Day. President-elect Donald Trump has pledged to make the country “the of the planet” and create a “strategic reserve” of bitcoin. Bitcoin got a further boost after Gary Gensler, the chair of the Securities and Exchange Commission, said Thursday he would . Gensler has pushed for more protections for crypto investors. Bitcoin and related investment have a notorious history of big price swings in both directions. MicroStrategy, a company that’s been raising cash expressly to buy bitcoin, saw an early Thursday gain of 14.6% for its stock quickly disappear. It finished the day with a loss of 16.2%. In the oil market, a barrel of benchmark U.S. crude rose 2% to bring its gain for the week to 4.8%. Brent crude, the international standard, climbed 1.8%. Oil has been rising amid war. In stock markets abroad, shares of India’s Adani Enterprises plunged 22.6% Thursday after the U.S. charged founder Gautam Adani in a with securities fraud and conspiracy to commit securities and wire fraud. The businessman and one of the world’s richest people is accused of concealing that his company’s huge solar energy project on the subcontinent was being facilitated by an alleged bribery scheme. Stock indexes elsewhere in Asia and Europe were mixed. In the bond market, the yield on the 10-year Treasury inched up to 4.43% from 4.41% late Wednesday following some mixed reports on the U.S. economy. One said last week in the latest signal that the job market remains solid. Another report, though, said manufacturing in the mid-Atlantic region unexpectedly shrank. Sales of previously occupied homes, meanwhile, than expected. AP Business Writers Matt Ott and Yuri Kageyama contributed.Mainpuri (Uttar Pradesh), Dec 7 (IANS): West Bengal Chief Minister Mamata Banerjee's statement expressing her desire to lead the INDIA bloc has sparked a political debate, drawing numerous reactions. Senior Samajwadi Party leader Ram Gopal Yadav, sharing his views on the matter, said that Congress MP Rahul Gandhi is the not the leader of the INDIA bloc, adding that the grand old party's below-par performance in the Lok Sabha and Assembly elections might have made the Trinamool Congress supremo submit her remarks. "In Himachal Pradesh, where the Congress is in power, they lost all four seats. Similarly, in Karnataka and Telangana, both Congress-ruled states, they lost half of their Lok Sabha seats. Furthermore, Congress failed to win even a single seat in Madhya Pradesh. It suffered major losses in Chhattisgarh. Had Congress performed better in the Lok Sabha elections, Narendra Modi would not have become the Prime Minister today. "This is the reason the leadership change is being discussed. However, I choose not to engage in this debate. The INDIA alliance must remain intact, as without this alliance, these tikadami (trickster) individuals cannot be defeated," Yadav told reporters. At a press conference in his hometown of Mainpuri, he said: "Doubts about the results in Maharashtra began to grow when people said that their votes were cast for Congress, but Congress' votes didn't show up. This situation points to irregularities. Even Donald Trump had mentioned that Russia interfered with the US presidential election through technology, so in today's technological world, it’s not a big deal. We use disappearing messages on our phones, which vanish in minutes. Such changes can easily be made using technology." The Samajwadi Party leader believes that "elections must be contested, whether they are by-polls or general elections. They are ready and will fully exercise their democratic rights". Regarding the Sambhal violence, he said: "The BJP is searching temples across the country. The BJP's intention is to create unrest in the country so that they can stay in power. They don’t care about the country."
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Public Sector Pension Investment Board lessened its stake in Ulta Beauty, Inc. ( NASDAQ:ULTA – Free Report ) by 97.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,086 shares of the specialty retailer’s stock after selling 84,560 shares during the period. Public Sector Pension Investment Board’s holdings in Ulta Beauty were worth $812,000 as of its most recent SEC filing. A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ULTA. International Assets Investment Management LLC increased its position in shares of Ulta Beauty by 180,713.0% during the third quarter. International Assets Investment Management LLC now owns 1,238,569 shares of the specialty retailer’s stock worth $481,952,000 after acquiring an additional 1,237,884 shares during the period. Ontario Teachers Pension Plan Board bought a new position in Ulta Beauty in the third quarter worth approximately $359,480,000. TD Asset Management Inc increased its holdings in Ulta Beauty by 14.1% during the 2nd quarter. TD Asset Management Inc now owns 620,793 shares of the specialty retailer’s stock worth $239,545,000 after purchasing an additional 76,721 shares during the period. Champlain Investment Partners LLC increased its holdings in Ulta Beauty by 5.4% during the 3rd quarter. Champlain Investment Partners LLC now owns 610,400 shares of the specialty retailer’s stock worth $237,519,000 after purchasing an additional 31,540 shares during the period. Finally, Alecta Tjanstepension Omsesidigt raised its position in Ulta Beauty by 14.4% during the 3rd quarter. Alecta Tjanstepension Omsesidigt now owns 516,405 shares of the specialty retailer’s stock valued at $200,944,000 after purchasing an additional 65,000 shares in the last quarter. Institutional investors own 90.39% of the company’s stock. Analyst Upgrades and Downgrades A number of research firms have recently issued reports on ULTA. Evercore ISI dropped their price target on Ulta Beauty from $500.00 to $430.00 and set an “outperform” rating on the stock in a research report on Monday, August 26th. UBS Group increased their target price on shares of Ulta Beauty from $470.00 to $490.00 and gave the stock a “buy” rating in a report on Friday. Oppenheimer boosted their price target on shares of Ulta Beauty from $435.00 to $505.00 and gave the company an “outperform” rating in a report on Friday. Piper Sandler increased their price objective on shares of Ulta Beauty from $357.00 to $360.00 and gave the company a “neutral” rating in a research note on Tuesday, December 3rd. Finally, Wells Fargo & Company lifted their price objective on shares of Ulta Beauty from $300.00 to $350.00 and gave the company an “underweight” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Ulta Beauty has a consensus rating of “Hold” and an average target price of $438.00. Ulta Beauty Stock Up 9.0 % ULTA stock opened at $428.17 on Friday. The stock has a market capitalization of $20.18 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 2.30 and a beta of 1.32. Ulta Beauty, Inc. has a 52 week low of $318.17 and a 52 week high of $574.76. The firm has a 50 day moving average of $374.15 and a 200 day moving average of $376.64. Ulta Beauty ( NASDAQ:ULTA – Get Free Report ) last posted its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $5.14 EPS for the quarter, topping the consensus estimate of $4.45 by $0.69. Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the previous year, the firm posted $5.07 earnings per share. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, equities research analysts expect that Ulta Beauty, Inc. will post 23.07 earnings per share for the current year. Ulta Beauty Company Profile ( Free Report ) Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications. Featured Stories Want to see what other hedge funds are holding ULTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ulta Beauty, Inc. ( NASDAQ:ULTA – Free Report ). Receive News & Ratings for Ulta Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ulta Beauty and related companies with MarketBeat.com's FREE daily email newsletter .The fall and rise of American democracyA collection of progressive pressure groups have called on the UK Labour government to ‘think differently’ when it comes to childcare. This is based on new analysis that reveals the English local authorities with lowest numbers of childcare places. The survey shows Walsall ranked worst. The associated report extrapolates the data and predicts that at current rate of decline, there will be no childminders left by 2033. The report comes from the Institute for Public Policy Research (IPPR) – an independent charity working towards a fairer, greener, and more prosperous society and Save the Children, which is active in one hundred countries. Concluding the report The childcare challenge: How can the new government deliver a real early education and childcare guarantee? , the campaign organisations state that the UK government must ensure deprived and rural areas are not left behind in forthcoming childcare expansion. In other words, public policy needs to focused on equalising the disparity throughout the UK. The report indicates that the expansion of free childcare currently underway is at risk of not delivering for poorer families. Amongst the poorest fifth of parents with young children, only a third (36 per cent) use formal childcare, compared to double that (73 percent) of the highest earning households. The analysis indicates how the use of formal childcare is highly defined by social class . Over two-thirds of parents of young children who work in professional jobs such as lawyers, doctors and architects use it, compared to less than half of parents in elementary occupations such as cleaners, care workers and hairdressers. Further analysis by the think tank of local access to private and voluntary nurseries as well as childminders – who deliver nearly all provision for children under three years of age – finds significant variation in access to childcare within a reasonable travel time by local authority, with deprived and rural areas the worst off. The more deprived or more rural a local area is, the fewer and lower-quality childcare options families tend to have. The most deprived areas have 32 percent fewer places per child and 25 per cent fewer good places compared to the most affluent areas. Rural areas have 31 percent fewer places and 29 per cent fewer good places compared to inner cities and town centres. For example, three in four children in Walsall live in areas that have some of the worst access to childcare in England. There are significant regional and local variations. For example, parts of the North-East have five times the average ratio of childcare places to children. However, other parts of the same Combined Authority are amongst the least well served in the country. Part of this problem is driven by the falling numbers of childminders. At the current rate – a drop of around 3,000 childminders per year. Another issue is the lack of places in school-based nurseries. Whilst the number of schools offering nursery provision has grown since 2018, the headcount of children in primary school nurseries has reduced by 14 percent (the equivalent of 42,000 children) between 2015/16 and 2023/24. To remediate the situation, the report urgest the Starmer government to adopt progressive and leftwing policies, such as: • Establishing new not-for-profit nursery trusts to rival private equity backed for-profit chains, with the aim of helping smaller childcare providers with business support, best practice and achieve the same economies of scale as larger groups. • Reinvigorating the role of local authorities including by pooling funding to secure new childcare in the areas of greatest need and more actively brokering the new schools-based nursery expansion. • Growing and supporting the supply of childminders by developing a new long-term national strategy which sees them paid monthly to deliver funded entitlements and explores a new childminder friendly national digital platform. • Increasing funding for deprived areas and children through raising the Early Years Pupil Premium and increasing weighting for Additional Need in the national formula. • Reforming the funding system , giving greater recognition to emerging needs in early years within mainstream funding. These proposals attempt to deal with childcare deserts, a lack of funding and the patchwork of commissioning services. Dr. Tim Sandle is Digital Journal's Editor-at-Large for science news.Tim specializes in science, technology, environmental, business, and health journalism. He is additionally a practising microbiologist; and an author. He is also interested in history, politics and current affairs.
Crescent Energy Announces Pricing of Upsized $400 Million Private Placement of Additional 7.625% Senior Notes Due 2032CHELSEA fans have spotted the moment they believe Nicolas Jackson SAVED Enzo Fernandez's from getting a yellow card. The Blues were involved in a thriller at the Tottenham Hotspur Stadium - eventually beating the hosts 4-3. Spurs raced into a 2-0 lead, before Jadon Sancho and then a Cole Palmer penalty brought them level. Then, it was the turn of Enzo Fernandez to volley home to put the visitors ahead for the first time in the contest in the second half. The Argentina World Cup winner was delighted with his strike - racing towards the away fans to celebrate. As he wheeled away, Fernandez looked like he was about to whip his shirt off. Had he succeeded, he would've been given an automatic yellow card. However, forward Jackson came to Fernandez's aid - running behind him and holding down his shirt as his teammate threatened to take it off. Chelsea fans took to social media to praise Jackson's thinking. One wrote: "Jackson preventing Enzo from taking off his shirt. A second posted: "Jackson stopped Enzo taking of his shirt so he didn’t get a yellow card hahahaha." A third joked: "You’d be fuming if you had Enzo Fernandez to be booked there, goes to take his top off and Jackson comes in like." While a fourth added: "Enzo Fernandes to be booked backers are furious with Nicholas Jackson." A crucial win for the Blues saw them leapfrog Arsenal into second place and go within four points of Liverpool who lead the pack. However, the game was marred by an unsavoury incident when Palmer and Fernandez were hit by missiles, in the shape of cards, thrown by Spurs fans.Wicked star Marissa Bode has slammed jokes about her character's disability in the movie . The actress, who uses a wheelchair just like her character Nessarose, told in a TikTok video that she is ''deeply uncomfortable'' about jokes made by social media users about her character. Bode, who has reportedly made $250,000 for her role in the Wizard of Oz spin-off, said she doesn't mind people poking fun at Nessarose’s future, fate and personality, because that’s all based in fiction, but not her disability - because that is ''real''. Bode, who has been a wheelchair user since the age of 11 after she was paralyzed in a car accident, explained: “At the end of the day, me, Marissa, is the person that is still disabled and in a wheelchair.And so it is simply a low-hanging fruit that too many of you are comfortable taking.” Wicked Director Jon M. Chu's strange request for fans in theater left them appalled Wicked movie makes history breaking coveted record for a Broadway musical adaptation Bode said when non-disabled strangers make jokes where the punchline is about not being able to walk, using phrases like “stand up for yourself” or “I guess you can’t stand him”, it feels like “laughing at rather than laughing with.'' Bode also pointed out that “aggressive” comments about wanting to push Nessarose out of her wheelchair or saying that she deserves her disability are “very gross and harmful” things which have been said to her and other disabled people in real life. She also told she is aware of disabled creators who have had to take breaks from the internet after being “flooded with ableist comments”, before being told that they are complaining or asking for too much if they call out the remarks. Bode said while jokes about disability “made out of ignorance” don’t affect her as much as they once would have, she’s worried they may hurt other disabled. She said: “One of the major themes within Wicked is having the ability to listen and to understand one another. And I truly hope that is something a lot of you can practice more and take with you.” In the caption to her clip, Bode encouraged people to “dissect and unlearn” their ableism, follow more disabled people, and learn about the disability rights movement. She said: “I understand no one likes feeling like they’re being scolded. But true progress never comes with comfort. And that’s ok.” Bode is the very first actress who uses a wheelchair to play Nessarose. The actress previously told Variety, she thought she’d failed her Wicked audition and to stop herself from worrying about not landing the role she made a short film about witches and magic. She said the film was about “turning your bad luck into good luck”, and it saw her create a little spell that promised she would soon be given good news.. Bode said she may have accidentally created a real spell, because two days later, she was told she got the role. Click here to follow the Mirror US on Google News to stay up to date with all the latest news, sport and entertainment stories. DAILY NEWSLETTER: Sign up here to get the latest news and updates from the Mirror US straight to your inbox with our FREE newsletter.Hyderabad: A proposal to do away with the restriction that bars persons having more than two children from contesting rural local body polls is under the consideration of the Telangana government. Sources from the ruling Congress party said on Saturday that the government was thinking of going back to the old policy which was changed in the 1990s by the government of undivided Andhra Pradesh. The two-children norm was repealed for urban local bodies in Telangana earlier. The Andhra Pradesh Assembly has recently passed a bill enabling persons with more than two children also to contest in urban local body elections, reversing the previous rule. Leaders of different political parties have expressed concerns in recent times that the southern states are set to lose in number of Lok Sabha seats in the upcoming delimitation exercise. Speaking at an event in October, Chief Minister A Revanth Reddy said that the southern states have implemented the policy of family planning efficiently but the Centre is not ready to appreciate the south. He was referring to the delimitation of constituencies in the offing. Andhra Pradesh Chief Minister N Chandrababu Naidu and his Tamil Nadu counterpart M K Stalin have also recently spoken in favour of having more children. Also Read: Hyderabad Traffic Police Cracks Down on Noise Pollution and Dangerous Driving While Naidu flagged the ‘ageing population’, Stalin was subtly referring to a Tamil adage and said the Lok Sabha delimitation exercise may make people think about raising “16 children”.