The Campbell’s Company Board of Directors Elects Mick Beekhuizen Chief Executive Officer to Succeed Mark Clouse
Technology stocks pulled Wall Street to another record amid mixed trading. The S&P 500 rose 0.2% Monday after closing November at an all-time high. The Dow Jones Industrial Average fell 0.3%, and the Nasdaq composite gained 1%. Super Micro Computer, a stock that’s been on an AI-driven roller coaster, soared after saying an investigation found no evidence of misconduct by its management or the company’s board. Retailers were mixed coming off Black Friday and heading into what’s expected to be the best Cyber Monday on record. Treasury yields held relatively steady in the bond market. On Monday: The S&P 500 rose 14.77 points, or 0.2%, to 6,047.15. The Dow Jones Industrial Average fell 128.65 points, or 0.3%, to 44,782. The Nasdaq composite rose 185.78 points, or 1%, to 19,403.95. The Russell 2000 index of smaller companies fell 0.59 points, or less than 0.1%, to 2,434.14. For the year: The S&P 500 is up 1,277.32 points, or 26.8%. The Dow is up 7,092.46 points, or 18.8%. The Nasdaq is up 4,392.60 points, or 29.3%. The Russell 2000 is up 407.06 points, or 20.1%.Rising tech stocks pull Wall Street to another record By
None
Fastenal Co. stock underperforms Monday when compared to competitors
None
HOUSTON , Dec. 2, 2024 /PRNewswire/ -- Nauticus Robotics, Inc. (NASDAQ: KITT), a leading innovator in autonomous subsea robotics and software, recently completed a project for a second global supermajor oil and gas company in the Gulf of Mexico (GOM) to perform a subsea field inspection utilizing its flagship underwater vehicle, Aquanaut Mark 2. Nauticus' Autonomous Solutions team completed the inspection in the GOM last month. The scope involved multiple days of executing visual inspections of subsea assets. This demonstration aimed to validate the ability of Nauticus' technology to fulfill the customer's subsea technology roadmap. Nauticus and the customer are discussing 2025 projects. Nauticus' CEO and President, John Gibson , commented, "We are excited to be in collaboration with another critical customer. Our mutual goal is the enhancement of decision-making while minimizing environmental impact. By deploying autonomous technology, we can materially reduce daily diesel fuel consumption and associated emissions for each Aquanaut in operation." About Nauticus Robotics Nauticus Robotics, Inc. develops autonomous robots for the ocean industries. Autonomy requires the extensive use of sensors, artificial intelligence, and effective algorithms for perception and decision allowing the robot to adapt to changing environments. The company's business model includes using robotic systems for service, selling vehicles and components, and licensing of related software to both the commercial and defense business sectors. Nauticus has designed and is currently testing and certifying a new generation of vehicles to reduce operational cost and gather data to maintain and operate a wide variety of subsea infrastructure. Besides a standalone service offering and forward-facing products, Nauticus' approach to ocean robotics has also resulted in the development of a range of technology products for retrofit/upgrading traditional ROV operations and other third-party vehicle platforms. Nauticus' services provide customers with the necessary data collection, analytics, and subsea manipulation capabilities to support and maintain assets while reducing their operational footprint, operating cost, and greenhouse gas emissions, to improve offshore health, safety, and environmental exposure. Cautionary Language Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Act"), and are intended to enjoy the protection of the safe harbor for forward-looking statements provided by the Act as well as protections afforded by other federal securities laws. Such forward-looking statements include but are not limited to: the expected timing of product commercialization or new product releases; customer interest in Nauticus' products; estimated operating results and use of cash; and Nauticus' use of and needs for capital. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events, or results of operations, are forward-looking statements. These statements may be preceded by, followed by, or include the words "believes," "estimates," "expects," "projects," "forecasts," "may," "will," "should," "seeks," "plans," "scheduled," "anticipates," "intends," or "continue" or similar expressions. Forward-looking statements inherently involve risks and uncertainties that may cause actual events, results, or performance to differ materially from those indicated by such statements. These forward-looking statements are based on Nauticus' management's current expectations and beliefs, as well as a number of assumptions concerning future events. There can be no assurance that the events, results, or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and Nauticus is not under any obligation and expressly disclaims any obligation, to update, alter, or otherwise revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law. Readers should carefully review the statements set forth in the reports which Nauticus has filed or will file from time to time with the Securities and Exchange Commission (the "SEC") for a more complete discussion of the risks and uncertainties facing the Company and that could cause actual outcomes to be materially different from those indicated in the forward-looking statements made by the Company, in particular the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in documents filed from time to time with the SEC, including Nauticus' Annual Report on Form 10-K filed with the SEC on April 10, 2024 . Should one or more of these risks, uncertainties, or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated, or expected. The documents filed by Nauticus with the SEC may be obtained free of charge at the SEC's website at www.sec.gov . View original content to download multimedia: https://www.prnewswire.com/news-releases/nauticus-robotics-completes-aquanaut-mark-2-evaluation-agreement-with-a-global-supermajor-oil--gas-customer-302319802.html SOURCE Nauticus Robotics, Inc.
TORONTO (AP) — Prime Minister Justin Trudeau told Donald Trump that Americans would also suffer if the president-elect follows through on a plan to impose sweeping tariffs on Canadian products , a Canadian minister who attended their recent dinner said Monday. Trump threatened to impose tariffs on products from Canada and Mexico if they don’t stop what he called the flow of drugs and migrants across their borders with the United States. He said on social media last week that he would impose a 25% tax on all products entering the U.S. from Canada and Mexico as one of his first executive orders. Canadian Public Safety Minister Dominic LeBlanc, whose responsibilities include border security, attended a dinner with Trump and Trudeau at Trump’s Mar-a-Lago club on Friday. Trudeau requested the meeting in a bid to avoid the tariffs by convincing Trump that the northern border is nothing like the U.S. southern border with Mexico . "The prime minister of course spoke about the importance of protecting the Canadian economy and Canadian workers from tariffs, but we also discussed with our American friends the negative impact that those tariffs could have on their economy, on affordability in the United States as well," LeBlanc said in Parliament. If Trump makes good on his threat to slap 25% tariffs on everything imported from Mexico and Canada, the price increases that could follow will collide with his campaign promise to give American families a break from inflation. Economists say companies would have little choice but to pass along the added costs, dramatically raising prices for food, clothing, automobiles, alcohol and other goods. The Produce Distributors Association, a Washington trade group, said last week that tariffs will raise prices for fresh fruit and vegetables and hurt U.S. farmers when the countries retaliate. Canada is already examining possible retaliatory tariffs on certain items from the U.S. should Trump follow through on the threat. After his dinner with Trump, Trudeau returned home without assurances the president-elect will back away from threatened tariffs on all products from the major American trading partner. Trump called the talks “productive” but signaled no retreat from a pledge that Canada says unfairly lumps it in with Mexico over the flow of drugs and migrants into the United States. “The idea that we came back empty handed is completely false,” LeBlanc said. “We had a very productive discussion with Mr. Trump and his future Cabinet secretaries. ... The commitment from Mr. Trump to continue to work with us was far from empty handed.” Joining Trump and Trudeau at dinner were Howard Lutnick, Trump’s nominee for commerce secretary, North Dakota Gov. Doug Burgum, Trump’s pick to lead the Interior Department, and Mike Waltz, Trump’s choice to be his national security adviser. Canada’s ambassador to the U.S., Kirsten Hillman, told The Associated Press on Sunday that “the message that our border is so vastly different than the Mexican border was really understood.” Hillman, who sat at an adjacent table to Trudeau and Trump, said Canada is not the problem when it comes to drugs and migrants. On Monday, Mexico’s president rejected those comments. “Mexico must be respected, especially by its trading partners,” President Claudia Sheinbaum said. She said Canada had its own problems with fentanyl consumption and “could only wish they had the cultural riches Mexico has.” Flows of migrants and seizures of drugs at the two countries’ border are vastly different. U.S. customs agents seized 43 pounds of fentanyl at the Canadian border during the last fiscal year, compared with 21,100 pounds at the Mexican border. Most of the fentanyl reaching the U.S. — where it causes about 70,000 overdose deaths annually — is made by Mexican drug cartels using precursor chemicals smuggled from Asia. On immigration, the U.S. Border Patrol reported 1.53 million encounters with migrants at the southwest border with Mexico between October 2023 and September 2024. That compares to 23,721 encounters at the Canadian border during that time. Canada is the top export destination for 36 U.S. states. Nearly $3.6 billion Canadian (US$2.7 billion) worth of goods and services cross the border each day. About 60% of U.S. crude oil imports are from Canada, and 85% of U.S. electricity imports as well. Canada is also the largest foreign supplier of steel, aluminum and uranium to the U.S. and has 34 critical minerals and metals that the Pentagon is eager for and investing for national security.The AP Top 25 men’s college basketball poll is back every week throughout the season! Get the poll delivered straight to your inbox with AP Top 25 Poll Alerts. Sign up here . OREM, Utah (AP) — Tanner Toolson had 21 points in Utah Valley’s 119-59 victory over Bethesda (CA) on Saturday night. Toolson added five rebounds for the Wolverines (8-6). Ethan Potter scored 19 points and added eight rebounds and three steals. Hayden Welling shot 6 of 11 from the field and 3 for 3 from the line to finish with 15 points. Kameron Mayhan led the way for the Flames with 22 points and six rebounds. Cameron Durr added 10 points for Bethesda. Taeo Thomas also had 10 points and two steals. ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .India yesterrday accorded former premier Manmohan Singh, one of the architects of the country’s economic liberalisation in the early 1990s, a state funeral with full military honours, complete with a gun salute. Singh, who held office from 2004-2014, died at the age of 92 on Thursday, after which seven days of state mourning were declared. The honours were led by President Draupadi Murmu with Prime Minister Narendra Modi in attendance, along with the country’s top civilian and military officials. Bhutan’s King Jigme Khesar Namgyel Wangchuck also attended the ceremony. Opposition leader Rahul Gandhi, who called the former prime minister his mentor and guide, joined Singh’s family as they prayed before his cremation. Earlier, mourners gathered to pay their respects to Singh. His coffin, draped in garlands of flowers, was flanked by a guard of honour and carried to his Congress Party headquarters in New Delhi. It was then taken through the capital to the cremation grounds, accompanied by guards of soldiers and accorded full state honours. Modi called Singh one of India’s “most distinguished leaders”. US President Joe Biden called Singh a “true statesman”, saying that he “charted pathbreaking progress that will continue to strengthen our nations - and the world - for generations to come”. The former prime minister was an understated technocrat who was hailed for overseeing an economic boom in his first term. Singh’s second stint ended with a series of major corruption scandals, slowing growth and high inflation. Singh’s unpopularity in his second term, and lacklustre leadership by Nehru-Gandhi scion Rahul Gandhi, the current opposition leader in the lower house, led to Modi’s first landslide victory in 2014. Born in 1932 in the mud-house village of Gah in what is now Pakistan and was then British-ruled India, Singh studied economics to find a way to eradicate poverty in the vast nation. He won scholarships to attend both Cambridge, where he obtained a first in economics, and Oxford, where he completed his doctorate. Singh worked in a string of senior civil service posts, served as a central bank governor and also held various jobs with global agencies including the United Nations. He was tapped in 1991 by then Congress prime minister P V Narasimha Rao to serve as finance minister and reel India back from the worst financial crisis in its modern history. Though he had never held an elected post, he was declared the National Congress’ candidate for the highest office in 2004. In his first term, Singh steered the economy through a period of nine percent growth, lending India the international clout it had long sought. He also sealed a landmark nuclear deal with the United States that he said would help India meet its growing energy needs. President Murmu said Singh would “always be remembered for his service to the nation, his unblemished political life and his utmost humility”. Related Story Qatar participates in meeting of Global Alliance for Implementation of Two-State Solution MES conducts musical reality show amid anniversary celebrations
Fox Resorts proudly emerged as a dual award winner at the prestigious Sri Lanka Tourism Awards held on Friday, December 20. Celebrating excellence in the tourism sector, the event recognized Fox Resorts’ commitment to redefining luxury and heritage hospitality in Sri Lanka, a news release from Fox Resorts said. Fox Kandy, an exquisite retreat nestled in the heart of Sri Lanka’s hill country, won the award in the “Other Hotels” category. Lauded for its seamless blend of elegant hospitality, thoughtfully curated guest experiences, and the warm embrace of authentic Sri Lankan culture, Fox Kandy has become a beacon of excellence amid Kandy’s lush landscapes. This achievement underscores the property’s role in enriching Kandy’s allure and elevating Sri Lanka’s presence on the global tourism stage. In addition, Fox Jaffna received a special jury award for its remarkable contributions to heritage architecture and exquisite hospitality in the northern peninsula. The property captivates guests with its beautifully landscaped gardens, a serene garden swimming pool, and a homely yet luxurious ambiance. By combining world-class service with the rich cultural tapestry of Jaffna, Fox Jaffna offers a uniquely immersive experience that celebrates Sri Lanka’s northern heritage. Chris Quyn, CEO of Fox Resorts, expressed his gratitude for the accolades: “We are deeply honored to receive these prestigious awards. They are a testament to the dedication and hard work of our exceptional teams at Fox Kandy and Fox Jaffna, who consistently go above and beyond to create memorable experiences for our guests. These awards inspire us to continue our journey of redefining hospitality while showcasing the unique beauty of Sri Lanka.” Fox Resorts is a part of the Capital Maharaja Group, one of Sri Lanka’s largest privately held conglomerates. With a diverse portfolio spanning media, manufacturing, technology, and hospitality, the Capital Maharaja Group has a longstanding reputation for innovation and excellence. Fox Resorts, as a testament to this legacy, embodies a commitment to sustainable tourism and cultural preservation. Each property reflects the Group’s vision of delivering unmatched luxury, enriching experiences, and a deep connection to Sri Lanka’s heritage and natural beauty, the release concluded. For more information, please visit www.foxresorts.com.
Patriots turn their attention to the future after being eliminated from playoff contention
Pega to Present at Upcoming Investor Conferences