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Democrat Derek Tran won election to a U.S. House seat representing California on Wednesday, defeating Republican Rep. Michelle Steel. Tran, a U.S. Army veteran and the son of Vietnamese refugees, will represent the 45th District, anchored in Orange County, which is home to a large Vietnamese American community. Steel previously flipped this seat in 2020, two years after a Democrat captured the seat in the 2018 midterms. The Associated Press declared Tran the winner at 4:03 p.m. EST.SCOTTSDALE, Ariz. — Even when Penn State quarterback Drew Allar gets some praise, it's usually a backhanded compliment. They say he's a good game manager and stays within himself, or that he doesn't try to do too much. They mention he might not be flashy, but he gives the team a chance to win. And here's the thing about Penn State since Allar stepped under center: The Nittany Lions have won games. A lot of them. Sometimes that's hard to remember considering the lukewarm reception he often gets from fans. "I get it — we have a really passionate fan base and they're a huge part of our success," Allar said Sunday at College Football Playoff quarterfinals media day. "For us, we always want to go out there every drive and end with a touchdown, so when we don't do that, there's nobody more frustrated than us." The polarizing Allar is having a solid season by just about any standard, completing more than 68% of his passes for 3,021 yards, 21 touchdowns and seven interceptions while leading the sixth-seeded Nittany Lions to a 12-2 record and a spot in the Fiesta Bowl for Tuesday's game against No. 3 seed Boise State. People are also reading... But in a college football world filled with high-scoring, explosive offenses, Allar's no-frills performances often are the object of ire. The Penn State offense is a run-first bunch, led by the talented combo of Nicholas Singleton and Kaytron Allen. "If we had a nickel for every time there was a Monday morning quarterback saying some BS stuff, we'd all be pretty rich," offensive coordinator Andy Kotelnicki said. "I think part of being a quarterback, especially at Penn State but really anywhere, is how you respond to and manage criticism." The 20-year-old Allar has made strides in that department after a trying 2023 season that finished with a 10-3 record. He says that's largely because once fall camp started back in August, he logged off the social media platform X. Allar said negative online experiences wore on him last year, and his phone number was leaked a few times, which added to the stress. He finally realized that controlling outside narratives was impossible, so the best course of action was to eliminate a needless distraction. "I've been more mentally free, as much as that sounds crazy," Allar said. "I think that's been a huge difference for me this year." The biggest criticism of Allar — and really Penn State as a whole during the 11-year James Franklin era — is that he isn't capable of winning the big games. He's 0-2 against rival Ohio State and threw a late interception against Oregon in the Big Ten title game earlier this month, which sealed the Ducks' 45-37 victory. He wasn't great in the CFP's first round, either, completing just 13 of 22 passes for 127 yards as Penn State muscled past SMU 38-10 on a cold, blustery day to advance to the Fiesta Bowl. But the quarterback is confident a better performance — aided by a game that will be played in comfortable temperatures in a domed stadium — is coming. "For me, I just have to execute those (easy) throws early in the game and get our guys into rhythm," Allar said. "Get them involved early as much as I can and that allows us to stay on the field longer, call more plays and open up our offense more. That will help us a ton, building the momentum throughout the game." Allar might be a favorite punching bag for a section of the Penn State fan base, but that's not the case in his own locker room. Star tight end Tyler Warren praised his quarterback's ability to avoid sacks, saying that the 6-foot-5, 238-pounder brings a toughness that resonates with teammates. "He's a football player," Warren said. "He plays quarterback, but when you watch him play and the energy he brings and the way he runs the ball, he's just a football player and that fires up our offense." Now Allar and Penn State have a chance to silence critics who say that the Nittany Lions don't show up in big games. Not that he's worried about what other people think. "I think it's a skill at the end of the day — blocking out the outside noise," Allar said. "Focusing on you and the process and being honest with yourself, both good and bad." Be the first to know Get local news delivered to your inbox!
Victory Capital Management Inc. raised its holdings in shares of Provident Financial Services, Inc. ( NYSE:PFS – Free Report ) by 477.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 156,240 shares of the savings and loans company’s stock after acquiring an additional 129,183 shares during the quarter. Victory Capital Management Inc.’s holdings in Provident Financial Services were worth $2,900,000 as of its most recent SEC filing. Several other institutional investors have also added to or reduced their stakes in the business. ProShare Advisors LLC lifted its holdings in shares of Provident Financial Services by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 14,856 shares of the savings and loans company’s stock valued at $216,000 after buying an additional 1,020 shares during the period. Nisa Investment Advisors LLC raised its holdings in Provident Financial Services by 43.0% during the second quarter. Nisa Investment Advisors LLC now owns 4,050 shares of the savings and loans company’s stock valued at $58,000 after acquiring an additional 1,218 shares during the period. Aigen Investment Management LP raised its holdings in Provident Financial Services by 6.5% during the third quarter. Aigen Investment Management LP now owns 20,616 shares of the savings and loans company’s stock valued at $383,000 after acquiring an additional 1,257 shares during the period. Signaturefd LLC grew its position in shares of Provident Financial Services by 991.2% during the second quarter. Signaturefd LLC now owns 1,855 shares of the savings and loans company’s stock valued at $27,000 after purchasing an additional 1,685 shares in the last quarter. Finally, Valley National Advisers Inc. grew its position in shares of Provident Financial Services by 9.8% during the second quarter. Valley National Advisers Inc. now owns 21,844 shares of the savings and loans company’s stock valued at $313,000 after purchasing an additional 1,945 shares in the last quarter. 71.97% of the stock is currently owned by hedge funds and other institutional investors. Analyst Upgrades and Downgrades Several research analysts recently commented on PFS shares. StockNews.com lowered Provident Financial Services from a “hold” rating to a “sell” rating in a research report on Monday, July 29th. DA Davidson boosted their target price on Provident Financial Services from $24.00 to $27.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Royal Bank of Canada lifted their price target on shares of Provident Financial Services from $18.00 to $21.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Finally, Keefe, Bruyette & Woods raised shares of Provident Financial Services from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $20.00 to $21.00 in a research note on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $23.00. Provident Financial Services Price Performance NYSE PFS opened at $21.40 on Friday. The firm’s fifty day simple moving average is $19.36 and its two-hundred day simple moving average is $17.31. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.02. Provident Financial Services, Inc. has a 12-month low of $13.07 and a 12-month high of $22.23. The firm has a market capitalization of $2.79 billion, a P/E ratio of 20.58 and a beta of 1.03. Provident Financial Services ( NYSE:PFS – Get Free Report ) last announced its quarterly earnings data on Tuesday, October 29th. The savings and loans company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.11). The company had revenue of $349.38 million for the quarter, compared to analysts’ expectations of $211.25 million. Provident Financial Services had a net margin of 9.55% and a return on equity of 5.21%. During the same period last year, the firm earned $0.38 earnings per share. Analysts forecast that Provident Financial Services, Inc. will post 1.84 EPS for the current fiscal year. Provident Financial Services Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date of this dividend is Friday, November 15th. Provident Financial Services’s dividend payout ratio (DPR) is presently 92.31%. Provident Financial Services Profile ( Free Report ) Provident Financial Services, Inc operates as the bank holding company for Provident Bank that provides various banking products and services to individuals, families, and businesses in the United States. Its deposit products include savings, checking, interest-bearing checking, money market deposit, and certificate of deposit accounts, as well as IRA products. Featured Stories Want to see what other hedge funds are holding PFS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Provident Financial Services, Inc. ( NYSE:PFS – Free Report ). 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NoneLosses for big technology stocks pulled major indexes lower on Wall Street. The S&P 500 fell 0.4% Wednesday. The Dow Jones Industrial Average slipped 0.3% from its record high a day earlier, and the Nasdaq composite lost 0.6%. Losses for Nvidia, Microsoft and Broadcom were the biggest weights on the market. Dell sank 12.2% after reporting revenue that fell shy of forecasts, and HP dropped 11.4% after giving a weaker-than-expected outlook. Treasury yields fell in the bond market. U.S. financial markets will be closed Thursday for Thanksgiving, and will reopen for a half day on Friday. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. Stocks wavered in afternoon trading on Wednesday, as losses for several Big Tech companies offset gains elsewhere in the market. The S&P 500 fell 0.4% in afternoon trading, even though more stocks were rising than falling in the index. The Dow Jones Industrial Average fell 135 points, or 0.3%, as of 3:05 p.m. Eastern time. Both indexes set records on Tuesday. The Nasdaq composite fell 0.5%. Losses for tech heavyweights helped pull the broader market lower. Semiconductor giant Nvidia slipped 1.6%. Its huge value gives it outsized influence on market indexes. Microsoft fell 0.9% Several personal computer makers added to Big Tech's heavy weight on the market following their latest earnings reports. HP sank 11.8% after giving investors a weaker-than-expected earnings forecast for its current quarter. Dell slumped 11.9% after its latest quarterly revenue fell short of Wall Street forecasts. Gains for financial and health care companies helped counter Big Tech's downward pull. Visa rose 0.9% and Thermo Fisher Scientific added 2.3%. The U.S. economy expanded at a healthy 2.8% annual pace from July through September, according to the Commerce Department, leaving its original estimate of third-quarter growth unchanged. The growth was driven by strong consumer spending and a surge in exports. The update follows a report on Tuesday from the Conference Board that said confidence among U.S. consumers improved in November, but not by as much as economists expected. Consumers have been driving economic growth, but the latest round of earnings reports from retailers shows a mixed and more cautious picture. Department store operator Nordstrom fell 8.5% after warning investors about a trend toward weakening sales that started in late October. Clothing retailer Urban Outfitters jumped 19.1% after beating analysts’ third-quarter financial forecasts. Weeks earlier, retail giant Target gave investors a discouraging forecast for the holiday season, while Walmart provided a more encouraging forecast. Consumers, though resilient, are still facing pressure from inflation. The latest update from the U.S. government shows that inflation accelerated last month. The personal consumption expenditures index, or PCE, rose to 2.3% in October from 2.1% in September. Overall, the rate of inflation has been falling broadly since it peaked more than two years ago. The PCE, which is the Federal Reserve's preferred measure of inflation, was just below 7.3% in June of 2022. Another measure of inflation, the consumer price index, peaked at 9.1% at the same time. The latest inflation data, though, is a sign that the rate of inflation seems to be stalling as it falls to within range of the Fed's target of 2%. The central bank started raising its benchmark interest rate from near-zero in early 2022 to a two-decade high by the middle of 2023 and held it there in order to tame inflation. The Fed started cutting its benchmark interest rate in September, followed by a second cut in November. Wall Street expects a similar quarter-point cut at the central bank's upcoming meeting in December. “Today’s data shouldn’t change views of the likely path for disinflation, however bumpy," said David Alcaly, lead macroeconomic strategist at Lazard Asset Management. "But a lot of observers, probably including some at the Fed, are looking for reasons to get more hawkish on the outlook given the potential for inflationary policy change like new tariffs.” President-elect Donald Trump has said he plans to impose sweeping new tariffs on Mexico, Canada and China when he takes office in January. That could shock the economy by raising prices on a wide range of goods and accelerating the rate of inflation. Such a shift could prompt the Fed to rethink future cuts to interest rates. Treasury yields slipped in the bond market. The yield on the 10-year Treasury fell to 4.25% from 4.30% late Tuesday. The yield on the two-year Treasury, which more closely follows expected actions by the Fed, fell to 4.22% from 4.25% late Tuesday. U.S. markets will be closed Thursday for Thanksgiving, and will reopen for a half day on Friday. Damian J. Troise And Alex Veiga, The Associated Press
How the Seahawks can shake up the NFC West with a win over the Cardinals - The Seattle Times
Almost three quarters of Scottish businesses are confident about their prospects next year, a survey has suggested. The Bank of Scotland’s business barometer poll showed 73% of Scottish businesses expect to see turnover increase in 2025, up from 60% polled in 2023. Almost a quarter (23%) of businesses expect to see their revenue rise by between six and 10% over the next 12 months, with just over a fifth (21%) expecting it to grow by even more. The poll found that 70% of businesses were confident they would become more profitable in 2025, a two per cent increase when compared with the previous year. Revenue and profitability growth was firms’ top priority at 52%, though 40% said they will be targeting improved productivity, and the same proportion said they will be aiming to enhance their technology – such as automation or AI – or upskill their staff (both 29%). More than one in five (22%) want to improve their environmental sustainability. Other areas businesses are hoping to build upon AI-assisted technology (19%), and 24% will be investing in expanding into new UK markets and 23% plan to invest in staff training. The business barometer has surveyed 1,200 businesses every month since 2002, providing early signals about UK economic trends. Martyn Kendrick, Scotland director at Bank of Scotland commercial banking, said: “Scottish businesses are looking ahead to 2025 with stronger growth expectations, and setting out clear plans to drive this expansion through investments in new technology, new markets and their own teams. “As we enter the new year, we’ll continue to by their side to help them pursue their ambitions and seize all opportunities that lie ahead.”
Mutual of America Capital Management LLC Sells 1,765 Shares of Ball Co. (NYSE:BALL)
TAPACHULA, Mexico — Eleven clandestine graves with the bodies of 15 men were located in the southern Mexican state of Chiapas, where a dispute between the Sinaloa and Jalisco Nueva Generación drug cartels is taking place, local authorities said Sunday. Chiapas Gov. Eduardo Ramírez Aguilar said on his social media channels that the findings came as the result of a raid in the city of La Concordia, near Mexico 's border with Guatemala. He said four people connected to the case had been arrested with weapons and drugs. The state prosecutor’s office said in a statement that the raid took place in two different properties. The first site had three bodies in three graves and in the second, eight graves with 12 bodies. “It is worth mentioning that for these operations technological tools such as drones and geo-radars were used, in addition to aerial overflight, ground search, field forensics, back-excavation and drills,” it said. Chiapas Prosecutor General Jorge Luis Llaven Abarca said last week that another clandestine grave with charred bodies was found in Emiliano Zapata, neighboring La Concordia, but did not give more details because of the poor state of the bodies for identification. Get the latest breaking news as it happens. By clicking Sign up, you agree to our privacy policy . The dispute over drug routes, migrant trafficking and weapons has left more than 10,000 people displaced in recent years, including Mexicans fleeing to Guatemala, according to reports from humanitarian organizations.
iClick Interactive Asia Group Limited Reports 2024 Half-Year Unaudited Financial Results
This week’s Winnipeg Sun Newsmakers video podcast features Marty Gold and Kevin Klein discussing recent zoning bylaw changes approved by the Winnipeg city council. The discussion highlighted Gold’s insights from his participation in City Hall hearings and explored the implications of the new rules on housing development in Winnipeg. The changes aim to streamline the development process for multi-family housing in designated areas, particularly at malls and along major transportation corridors. By making such developments a permitted use in these zones, developers will no longer need to undertake zoning or variance applications or navigate public hearings to get their projects approved. The adjustments are intended to reduce delays and encourage housing projects that align with the city’s growth strategy. An affordable housing requirement is also part of the new framework. This provision seeks to ensure that as the city expands its housing stock, it also addresses the growing need for affordable options. Klein questioned whether the changes would lead to meaningful increases in affordable housing. Both emphasized the importance of monitoring the implementation to ensure the changes achieve their intended goals. For more on their discussion, watch this week’s Winnipeg Sun Newsmakers video podcast.