PM looks to ‘brighter future’ at Christmas and ‘wishes for peace in Middle East’US President-elect Donald Trump has threatened to demand control of the Panama Canal be returned to Washington, complaining of "unfair" treatment of American ships and hinting at China's growing influence. Here are five things to know about the waterway connecting the Pacific and Atlantic oceans. The 80-kilometer (50-mile) interoceanic waterway is operated by the Panama Canal Authority, an autonomous public entity. The Central American nation's constitution describes the canal as an "inalienable heritage of the Panamanian nation" that is open to vessels "of all nations." The United States is its main user, accounting for 74 percent of cargo, followed by China with 21 percent. Panama's government sets the price of tolls based on canal needs and international demand. Rates depends on a vessel's cargo capacity. "The canal has no direct or indirect control from China, nor the European Union, nor the United States or any other power," Panama's President Jose Raul Mulino said Sunday as he dismissed Trump's threat. All vessels, including warships and submarines, are given a Panama Canal pilot. Panama's independence from Colombia in 1903 is linked to the canal. Following the failure of French count Ferdinand de Lesseps to open a channel through the isthmus, the United States promoted the separation of the province of Panama and signed a treaty with the nascent country that ceded land and water in perpetuity to build it. After 10 years of construction and an investment of $380 million, the canal was inaugurated on August 15, 1914 with the transit of the steamer Ancon. Some 25,000 deaths from disease and accidents were recorded during its construction. The canal "is part of our history" and "an irreversible achievement," Mulino said. Washington's establishment of a "Canal Zone" -- an enclave with its own military bases, police and justice system -- gave rise to decades of demands by Panamanians to reunify the country and take control of the waterway. In 1977, Panamanian nationalist leader Omar Torrijos and US president Jimmy Carter signed treaties that allowed the canal to be transferred to Panama on December 31, 1999. "Any attempt to reverse this historic achievement not only dishonors our struggle, but is also an insult to the memory of those who made it possible," former president Martin Torrijos, the general's son, wrote on social media. Under the treaties, supported by more than 40 countries, the canal is deemed neutral and any ship can pass through. The only conditions are that ships must comply with safety regulations and military vessels from countries at war must not pass through at the same time. Unlike Egypt's Suez Canal, the Panama Canal operates using freshwater stored in two reservoirs. A drought led to a reduction in the number of transits in 2023, but the situation has since normalized. The canal, which has a system of locks to raise and lower vessels, transformed global shipping. Crafts can travel between the two oceans in about eight hours without having to sail all the way around Cape Horn, the southern tip of the Americas. The canal allows a ship to shave 20,300 kilometers off a journey from New York to San Francisco. Five percent of world maritime trade passes through the canal, which connects more than 1,900 ports in 170 countries. By the early 21st century, it had become too small, so it was expanded between 2009 and 2016. Today, the canal can accommodate ships up to 366 meters long and 49 meters wide (1,200 feet by 161 feet) -- equivalent to almost four football pitches. It generates six percent of Panama's national economic output and since 2000 has pumped more than $28 billion into state coffers. More than 11,200 ships transited the canal in the last fiscal year carrying 423 million tons of cargo. jjr/fj/dr/mlm
Robert Way I think it’s fair to say that investors in Alibaba Group Holding Limited ( NYSE: BABA ) have seen the stock go “nowhere” over the past month, as the market digested mixed signals from China’s policymakers. For China’s leading A Unique Price Action-based Growth Investing Service We believe price action is a leading indicator. We called the TSLA top in late 2021. We then picked TSLA's bottom in December 2022. We updated members that the NASDAQ had long-term bearish price action signals in November 2021. We told members that the S&P 500 likely bottomed in October 2022. Members navigated the turning points of the market confidently in our service. Members tuned out the noise in the financial media and focused on what really matters: Price Action. Sign up now for a Risk-Free 14-Day free trial! JR Research is an opportunistic investor. He was recognized by TipRanks as a Top Analyst. He was also recognized by Seeking Alpha as a "Top Analyst To Follow" for Technology, Software, and Internet, as well as for Growth and GARP. He identifies attractive risk/reward opportunities supported by robust price action to potentially generate alpha well above the S&P 500. He has also demonstrated outperformance with his picks. He focuses on identifying growth investing opportunities that present the most attractive risk/reward upside potential. His approach combines sharp price action analysis with fundamentals investing. He tends to avoid overhyped and overvalued stocks while capitalizing on battered stocks with significant upside recovery possibilities. He runs the investing group Ultimate Growth Investing which specializes in identifying high-potential opportunities across various sectors. He focuses on ideas that has strong growth potential and well-beaten contrarian plays, with an 18 to 24 month outlook for the thesis to play out. The group is designed for investors seeking to capitalize on growth stocks with robust fundamentals, buying momentum, and turnaround plays at highly attractive valuations. Learn more Analyst’s Disclosure: I/we have a beneficial long position in the shares of AMZN, GOOGL, PDD either through stock ownership, options, or other derivatives. 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.Sports Technology Market to grow by USD 37.85 Billion (2024-2028), driven by the rise in sports tech events, Report highlights market evolution powered by AI - Technavio
ENGLEWOOD, Colo. (AP) — John Elway says any remorse over bypassing Josh Allen in the 2018 NFL draft is quickly dissipating with rookie Bo Nix's rapid rise, suggesting the Denver Broncos have finally found their next franchise quarterback. Elway said Nix, the sixth passer selected in April's draft, is an ideal fit in Denver with coach Sean Payton navigating his transition to the pros and Vance Joseph's defense serving as a pressure release valve for the former Oregon QB. “We’ve seen the progression of Bo in continuing to get better and better each week and Sean giving him more each week and trusting him more and more to where last week we saw his best game of the year,” Elway said in a nod to Nix's first game with 300 yards and four touchdown throws in a rout of Atlanta. For that performance, Nix earned his second straight NFL Rookie of the Week honor along with the AFC Offensive Player of the Week award. “I think the sky’s the limit," Elway said, “and that’s just going to continue to get better and better.” In a wide-ranging interview with The Associated Press, Elway also touted former coach Mike Shanahan's Hall of Fame credentials, spoke about the future of University of Colorado star and Heisman favorite Travis Hunter and discussed his ongoing bout with a chronic hand condition. Elway spent the last half of his decade as the Broncos’ GM in a futile search for a worthy successor to Peyton Manning, a pursuit that continued as he transitioned into a two-year consultant role that ended after the 2022 season. “You have all these young quarterbacks and you look at the ones that make it and the ones that don’t and it’s so important to have the right system and a coach that really knows how to tutelage quarterbacks, and Sean’s really good at that,” Elway said. “I think the combination of Bo’s maturity, having started 61 games in college, his athletic ability and his knowledge of the game has been such a tremendous help for him,'" Elway added. “But also Vance Joseph’s done a heck of a job on the defensive side to where all that pressure’s not being put on Bo and the offense to score all the time.” Payton and his staff have methodically expanded Nix’s repertoire and incorporated his speed into their blueprints. Elway lauded them for “what they’re doing offensively and how they’re breaking Bo into the NFL because it’s a huge jump and I think patience is something that goes a long way in the NFL when it comes down to quarterbacks.” Elway said he hopes to sit down with Nix at some point when things slow down for the rookie. Nix, whose six wins are one more than Elway had as a rookie, said he looks forward to meeting the man who won two Super Bowls during his Hall of Fame playing career and another from the front office. “He’s a legend not only here for this organization, but for the entire NFL," Nix said, adding, "most guys, they would love to have a chat with John Elway, just pick his brain. It’s just awesome that I’m even in that situation.” Orange Crush linebacker Randy Gradishar joined Elway in the Pro Football Hall of Fame this year, something Elway called “way, way overdue.” Elway suggested it's also long past time for the Hall to honor Shanahan, who won back-to-back Super Bowls in Denver with Elway at QB and whose footprint you see every weekend in the NFL because of his expansive coaching tree. Elway called University of Colorado stars Travis Hunter and Shedeur Sanders “both great athletes." He said he really hopes Sanders gets drafted by a team that will bring him along like the Broncos have done with Nix and he sees Hunter being able to play both ways in the pros but not full time. Elway said he thinks Hunter will be primarily a corner in the NFL but with significant contributions on offense: “He's great at both. He's got great instincts, and that's what you need at corner." It's been five years since Elway announced he was dealing with Dupuytren’s contracture, a chronic condition that typically appears after age 40 and causes one or more fingers to permanently bend toward the palm. Elway's ring fingers on both hands were originally affected and he said now the middle finger on his right hand is starting to pull forward. So, he’ll get another injection of a drug called Xiaflex, which is the only FDA-approved non-surgical treatment, one that he's endorsing in an awareness campaign for the chronic condition that affects 17 million Americans. The condition can make it difficult to do everyday tasks such as shaking hands or picking up a coffee mug. Elway said what bothered him most was “I couldn't pick up a football and I could not imagine not being able to put my hand around a football." AP NFL: https://apnews.com/hub/nflPM looks to ‘brighter future’ at Christmas and ‘wishes for peace in Middle East’NEW YORK , Dec. 9, 2024 /PRNewswire/ -- Report on how AI is driving market transformation - The global sports technology market size is estimated to grow by USD 37.85 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 23.96% during the forecast period. Rising number of sports technology events is driving market growth, with a trend towards increasing incorporation of smart stadiums and venue technologies. However, increasing number of fatalities in hard adventure sports activities poses a challenge. Key market players include Active Network LLC, Agile Sports Technologies Inc., Athlete Intelligence, CAM Solutions Ltd., Catapult Group International Ltd., Chetu Inc., Cisco Systems Inc., Epicor Software Corp., Garmin Ltd., International Business Machines Corp., Jonas Club Software, Kinexon GmbH, Orreco, PlaySight Interactive Ltd., Salesforce Inc., Samsung Electronics Co. Ltd., SAP SE, SPay Inc., Sportradar Group AG, Upper Hand Inc.,Stats Perform group of companies, Apple, Inc.; ChyronHego Corp.; HCL Technologies Ltd.; Infosys Ltd.; Modern Times Group MTG; Oracle; Panasonic Corporation.; Sony Corporation; Stats LLC; Telefonaktiebolaget LM Ericsson; Amazon Web Services Inc.; DELTATRE; Ernst & Young Global Limited; Genius Sports Group; Microsoft Corporation; SAS Institute Inc.; Sportradar AG; Synergy Sports; CBS Sports Digital; Draft Kings, Inc; Dream 11 (Sporta Technologies Pvt. Ltd.); Dream Sports Group; FanDuel Group. Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF Market Driver The sports technology market is experiencing significant growth, driven by the integration of advanced technologies into sports arenas. Fans now demand and interactive experiences, leading to the adoption of innovations like smart lighting, connected seating, and digital signage. Key technologies include on-field and off-field analytics, Opta Vision, AI, ML, and data analysis, enhancing athletic performance and team analysis. Additionally, VR, Unreal Engine, wearable tech, and high-density Wi-Fi are transforming outdoor sports like football, rugby, and tennis, as well as indoor activities such as badminton, chess, swimming, and esports. Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution! Market Challenges The sports technology market encompasses various advanced technologies, including stadiums equipped with high-density Wi-Fi, digital signage, and location-based services. Esports technology, Virtual Reality (VR), Unreal Engine, and hardware-software integrations are transforming fan engagement and virtual entertainment. Wearable technology, sports analytics, player and team performance analysis, health assessment, and data interpretation are crucial for athlete optimization. Artificial intelligence, Opta services, and data analytics platforms facilitate smart stadium management, football clubs, and cricket operations. Integrated security systems ensure audience safety and entertainment activities. Discover how AI is revolutionizing market trends- Get your access now! Segment Overview This sports technology market report extensively covers market segmentation by 1.1 Sports association 1.2 Clubs 1.3 leagues 2.1 Artificial intelligence/machine learning 2.2 Internet of Things (IoT) 2.3 Augmented reality/virtual reality 3.1 Europe 3.2 North America 3.3 APAC 3.4 South America 3.5 Middle East and Africa 1.1 Sports association- The global sports technology market is experiencing significant growth, driven by the adoption of advanced technologies such as Artificial Intelligence (AI) and Machine Learning (ML) in various sports domains. Sports associations are leveraging AI and ML for data analysis in soccer, cricket, rugby, tennis, golf, badminton, chess, swimming, and other indoor and outdoor sports activities. AI-powered on-field and off-field analytics from Opta Vision and similar solutions enable coaches to make informed decisions and improve athletic performance. Wearable devices, including smartwatches and fitness trackers, are transforming the way fans monitor their favorite players' statistics in real-time. Esports and virtual entertainment are attracting massive audiences, with streaming platforms and digital fan-engagement platforms providing experiences. Ticket management, Wi-Fi networks, food ordering, smart lighting, and integrated security systems are essential components of modern sports infrastructure. The English Football League and other sports clubs are investing in these technologies to enhance fan experiences and boost revenue. The integration of AI, ML, data analysis, and smart cameras in sports technology is revolutionizing the industry and setting new standards for innovation. Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics Research Analysis The Sports Technology Market is experiencing significant growth, driven by advancements in Esports technology, High-density Wi-Fi, Location-based services, Digital signage, and Wearable technology. These innovations enhance the fan experience at Stadiums and Arenas/stadiums, transforming Sports events into immersive, interactive experiences. Unreal Engine and Virtual Reality (VR) technologies bring Esports and Indoor sports activities to life, providing Athletic performance analysis through Data analytics and Opta services. Artificial Intelligence (AI) and Wearable devices are revolutionizing the way we monitor and improve Athletic performance in sports such as Badminton, Chess, Swimming, Tennis, Golf, and more. The integration of these technologies is fueling the Digital transformation of the Sports industry, offering new opportunities for Entertainment activities and Games. Market Research Overview The Sports Technology Market encompasses various innovative technologies designed to enhance athletic performance and fan experience. Esports (sports) and tech (technology) convergence is driving significant growth in this sector. Technologies such as Virtual Reality (VR), Augmented Reality (AR), and Artificial Intelligence (AI) are transforming the way sports are played and consumed. Wearable technology, including smartwatches and fitness trackers, are popular tools for athletes to monitor their performance and health metrics. Digital signage and analytics are used by teams and leagues to engage fans and optimize stadium operations. Sports technology companies are also leveraging data and analytics to provide personalized training programs and fan experiences. The market is expected to continue growing as technology continues to revolutionize the sports industry. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation End-user Sports Association Clubs Leagues Technology Artificial Intelligence/machine Learning Internet Of Things (IoT) Augmented Reality/virtual Reality Geography Europe North America APAC South America Middle East And Africa Type Sports 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ SOURCE Technavio
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Planet Labs Stock Drops After Q3 Results: Here's WhyA woman has been airlifted to hospital after a fiery crash early on Wednesday, December 11. or signup to continue reading Emergency services were called to Borough Road, Raywood about 6.40am, where a car had struck a tree. Firefighters from Woodvale and Raywood arrived to find the car fully on fire following the crash. Ambulance Victoria confirmed a woman in her 20s was airlifted to the Royal Melbourne Hospital with serious injuries to her upper and lower body. The incident was declared under control at about 7am, with the road reopened before 8am. Jonathon has been living and working in Bendigo since March 2021, currently working as a general reporter. Contact him on jonathon.magrath@austcommunitymedia.com.au. Jonathon has been living and working in Bendigo since March 2021, currently working as a general reporter. Contact him on jonathon.magrath@austcommunitymedia.com.au. DAILY Today's top stories curated by our news team. WEEKDAYS Grab a quick bite of today's latest news from around the region and the nation. WEEKLY The latest news, results & expert analysis. WEEKDAYS Catch up on the news of the day and unwind with great reading for your evening. WEEKLY Get the editor's insights: what's happening & why it matters. WEEKLY Love footy? We've got all the action covered. WEEKLY Every Saturday and Tuesday, explore destinations deals, tips & travel writing to transport you around the globe. WEEKLY Going out or staying in? Find out what's on. WEEKDAYS Sharp. Close to the ground. Digging deep. Your weekday morning newsletter on national affairs, politics and more. TWICE WEEKLY Your essential national news digest: all the big issues on Wednesday and great reading every Saturday. WEEKLY Get news, reviews and expert insights every Thursday from CarExpert, ACM's exclusive motoring partner. TWICE WEEKLY Get real, Australia! Let the ACM network's editors and journalists bring you news and views from all over. AS IT HAPPENS Be the first to know when news breaks. DAILY Your digital replica of Today's Paper. Ready to read from 5am! DAILY Test your skills with interactive crosswords, sudoku & trivia. Fresh daily!
The year 2024 has seen a remarkable surge in the stock market, with Nvidia and Palantir standing out as prominent winners, thanks to their strategic positions in the realm of artificial intelligence. Both companies have made significant strides, but which one presents a better investment opportunity now? Let’s delve into their business models, financial health, and valuation to find out. Nvidia: The AI Chip Leader Nvidia has cemented its reputation as a leader in AI-focused GPU development, largely due to its cutting-edge designs and strategic investments in technologies like its CUDA software library. This has resulted in enviable profit margins, with an operating margin reaching 62% in the recent quarter. Despite its dominance, Nvidia must navigate the cyclical nature of the semiconductor industry, which poses potential risks if market dynamics shift. Palantir: Harnessing Data and AI Originally established to support U.S. intelligence agencies, Palantir has expanded its capabilities to offer comprehensive data solutions across various sectors. Its suite of platforms, such as Gotham, Foundry, and their AI Platform (AIP), integrates vast data to derive actionable insights. Palantir’s model of working with a few high-value contracts gives it an edge over competitors but also comes with the challenge of defending its market positioning. Financial Showdown Nvidia’s recent revenue skyrocketed by 94% to $35.1 billion, with a notable increase in net income. Palantir also reported strong financial figures, with a 30% increase in revenue and a significant jump in profitability. However, Nvidia’s growth figures significantly outpace Palantir’s. Valuation and Verdict Evaluating their positions, Palantir’s valuations appear inflated with a high price-to-earnings ratio, making it a riskier choice. Nvidia’s growth prospects, combined with more moderate valuations, make it a more appealing buy for investors seeking exposure to AI advancements. Nvidia vs. Palantir: Unveiling the Ultimate AI Investment for 2024 In the bustling stock market of 2024, Nvidia and Palantir have emerged as frontrunners, each capitalizing on artificial intelligence’s explosive growth. As investors seek to determine which of these AI titans offers the best potential, understanding their unique features, market advantages, and potential pitfalls is crucial. Unraveling Nvidia’s Technological Edge Nvidia’s dominance in the AI sector is largely due to its superior GPU technology and associated software ecosystems. The introduction of innovations in its CUDA software library has further entrenched Nvidia as a leader in AI processing. Significantly, Nvidia’s GPUs are driving advancements in deep learning, autonomous vehicles, and even the metaverse, fortifying its market position. A closer look at Nvidia highlights the company’s dedication to sustainability, as seen in their environmentally conscious GPU production practices and energy-efficient designs, appealing to an increasingly eco-aware market. Exploring Palantir’s Unique AI Offerings Palantir distinguishes itself with a robust array of AI-driven data analytics platforms, especially Gotham and Foundry. Its strength lies in synthesizing immense datasets to deliver precise, actionable insights for various industries, including healthcare, finance, and government sectors. Recent innovations focus on enhancing their AI-driven decision-making capabilities, providing clients with real-time strategic insights. Palantir’s capacity to offer customer-specific solutions creates a strong differentiation from competitors, positioning the company as a niche leader. Financial Health and Market Dynamics Nvidia’s financial strength is undisputed, with a stellar revenue increase of 94%, reflecting the demand for AI-driven solutions across industries. In contrast, Palantir’s 30% revenue boost signifies its solid position but also hints at slower growth relative to Nvidia. One of Nvidia’s advantages is its prudent financial management, translating into better operating margins amidst semiconductor industry fluctuations. Meanwhile, Palantir’s financial strategies rely heavily on acquiring lucrative, high-value contracts, ensuring steady, although potentially less rapid growth. Valuations and Investor Outlook From a valuation perspective, Nvidia’s moderate pricing relative to growth potential makes it a compelling choice for investors focusing on AI industry expansion. Palantir’s high price-to-earnings ratio indicates market speculation and investment risk, especially if financial growth does not meet expectations. Future trends suggest Nvidia’s continuous innovation in AI technology will further cement its market leadership. Conversely, Palantir’s advancements in data-driven AI platforms resonate with organizations prioritizing strategic intelligence over sheer technical prowess. Conclusion: Which to Choose? For investors, the decision between Nvidia and Palantir hinges on risk tolerance and investment goals. Nvidia offers growth stability and expansive AI applications, appealing to those wary of market volatility. Palantir suits those looking for niche, high-value AI offerings despite the valuation risks. Ultimately, keeping an eye on industry trends and each company’s strategic moves will be vital for potential investors aiming to maximize returns in the AI-driven landscape of 2024. For more insights on AI and innovations in tech, visit the official Palantir and Nvidia websites.