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Release time: 2025-01-12 | Source: Unknown
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5jili Mutual of America Capital Management LLC cut its position in The Estée Lauder Companies Inc. ( NYSE:EL – Free Report ) by 2.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 28,722 shares of the company’s stock after selling 691 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Estée Lauder Companies were worth $2,863,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors have also recently bought and sold shares of EL. Van ECK Associates Corp raised its holdings in shares of Estée Lauder Companies by 36.4% during the third quarter. Van ECK Associates Corp now owns 4,041,911 shares of the company’s stock valued at $402,938,000 after buying an additional 1,078,926 shares during the last quarter. Independent Franchise Partners LLP increased its position in Estée Lauder Companies by 44.4% in the 2nd quarter. Independent Franchise Partners LLP now owns 3,466,048 shares of the company’s stock valued at $368,788,000 after acquiring an additional 1,066,320 shares during the period. Marshall Wace LLP raised its stake in Estée Lauder Companies by 3,065.6% during the 2nd quarter. Marshall Wace LLP now owns 1,983,083 shares of the company’s stock valued at $211,000,000 after acquiring an additional 1,920,439 shares in the last quarter. Rathbones Group PLC grew its stake in shares of Estée Lauder Companies by 3.5% in the second quarter. Rathbones Group PLC now owns 991,871 shares of the company’s stock worth $105,535,000 after purchasing an additional 33,672 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in shares of Estée Lauder Companies by 46.7% in the second quarter. Canada Pension Plan Investment Board now owns 772,027 shares of the company’s stock worth $82,144,000 after purchasing an additional 245,600 shares in the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds. Analysts Set New Price Targets Several equities research analysts recently weighed in on EL shares. StockNews.com downgraded shares of Estée Lauder Companies from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Evercore ISI lowered their price objective on shares of Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 20th. UBS Group dropped their target price on Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating on the stock in a report on Tuesday, August 20th. Telsey Advisory Group reiterated a “market perform” rating and set a $105.00 price target on shares of Estée Lauder Companies in a research report on Thursday, October 31st. Finally, HSBC downgraded Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 price objective on the stock. in a research note on Wednesday, October 16th. Nineteen investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $98.57. Insider Buying and Selling at Estée Lauder Companies In other Estée Lauder Companies news, Director Paul J. Fribourg bought 77,500 shares of Estée Lauder Companies stock in a transaction on Friday, November 15th. The stock was purchased at an average cost of $64.01 per share, for a total transaction of $4,960,775.00. Following the completion of the purchase, the director now directly owns 234,500 shares of the company’s stock, valued at $15,010,345. The trade was a 49.36 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link . Also, Director Charlene Barshefsky sold 3,437 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total transaction of $315,963.41. Following the transaction, the director now owns 49,800 shares in the company, valued at approximately $4,578,114. This trade represents a 6.46 % decrease in their position. The disclosure for this sale can be found here . Corporate insiders own 12.78% of the company’s stock. Estée Lauder Companies Price Performance NYSE EL opened at $69.93 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90. The firm has a market capitalization of $25.10 billion, a price-to-earnings ratio of 124.88, a price-to-earnings-growth ratio of 4.04 and a beta of 1.05. The company has a 50 day simple moving average of $82.78 and a 200-day simple moving average of $98.26. The Estée Lauder Companies Inc. has a 52-week low of $62.29 and a 52-week high of $159.75. Estée Lauder Companies ( NYSE:EL – Get Free Report ) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.05. The firm had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.37 billion. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.11 EPS. Equities research analysts predict that The Estée Lauder Companies Inc. will post 1.59 earnings per share for the current fiscal year. Estée Lauder Companies Cuts Dividend The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a dividend of $0.35 per share. The ex-dividend date is Friday, November 29th. This represents a $1.40 dividend on an annualized basis and a yield of 2.00%. Estée Lauder Companies’s payout ratio is 471.43%. Estée Lauder Companies Profile ( Free Report ) The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, and powders, as well as compacts, brushes, and other makeup tools. Further Reading Want to see what other hedge funds are holding EL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Estée Lauder Companies Inc. ( NYSE:EL – Free Report ). Receive News & Ratings for Estée Lauder Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Estée Lauder Companies and related companies with MarketBeat.com's FREE daily email newsletter .Home Franchise Concepts' Leading Window Covering Brand Promotes and Expands Roles for Veteran Team Members to Drive Collaboration, Growth and Innovation IRVINE, Calif. , Dec. 5, 2024 /PRNewswire/ -- Budget Blinds, a leader in window coverings, today announced significant changes to its executive leadership team, positioning the company for continued success and industry disruption. Effective immediately, the brand has promoted Tracy Christman to Chief Operating Officer; and expanded roles for Amy Campbell to Vice President of Marketing, Product Design & Strategy; and Nicholas (Nick) Petropoulos as Director of Information Technologies. As part of Home Franchise Concepts' family of brands, these executive changes reflect the leading franchise platform's commitment to setting industry standards and laying the groundwork for building exponential future growth opportunities. Home Franchise Concepts, a subsidiary of JM Family Enterprises, places an emphasis on strategic leadership development to continue positioning its brands as industry front-runners. Budget Blinds' restructuring aligns with its strategic vision to become the most revered brand in the window coverings industry, while pursuing its primary objectives of operational excellence and innovative customer experience. "We're on the verge of transformational changes that will redefine Budget Blinds' presence in the industry," said Heather Nykolaychuk , President of Budget Blinds. "Earlier this year, we introduced a new business model for our franchisees to enhance brand reinvestment and elevated our strategic planning process to incorporate input from key stakeholders, including our franchisees, fostering greater buy-in and alignment to our long-range plan. As such, with their combined experience and expertise, we are confident that as Tracy, Amy and Nick take on their new or expanding roles, they will ignite our bold new direction, benefiting our associates, franchisees, vendor partners and customers." Additional details on Budget Blinds' leaders and their expanded roles are outlined below: These organizational changes, coupled with the brand's proactive engagement of key stakeholders, position Budget Blinds for improved performance and sustainable growth. The brand is confident that this new structure will foster collaboration and drive innovation, ensuring Budget Blinds remains the leader in window coverings while Home Franchise Concepts continues to reinvest in the brand for future growth. Budget Blinds looks forward to providing enhanced franchisee support, more efficient operations and the development of products and services that truly resonate with our consumers. "We strive to be regarded with deep respect and admiration by all who work and partner with us, through championing high-standards of child-safety, product quality and exceptional experiences rooted in trust and brand reputation," continued Nykolaychuk. "We're excited for the bright future we have ahead, and look forward to the lasting impact Tracy, Amy and Nick will bestow on the Budget Blinds legacy." With Budget Blinds contributing to the success of Home Franchise Concepts, the parent company plans to execute even more innovative strategies and remain ambitious in implementing new tactics to generate additional awareness and support for its family of brands. With new shifts in leadership, Home Franchise Concepts is focused on ongoing operational and technology improvements and is dedicated to enhancing the support for its family of brands. To learn more about Home Franchise Concepts and franchise development opportunities, visit homefranchiseconcepts.com . For more information specific to Budget Blinds, please visit budgetblinds.com . About Budget Blinds Budget Blinds ® is the largest window covering franchise in North America, offering custom blinds, shutters, shades, drapery, and more for residential and commercial consumers in more than 10,000 communities in the U.S. and Canada. Budget Blinds' over 900 business owners, and 1,500 locations, have dressed more than 25 million windows since the brand's founding in 1992. Budget Blinds is part of the Home Franchise Concepts family of home improvement goods and services brands. About Home Franchise Concepts Home Franchise Concepts® , is one of the world's largest franchising systems in the home improvement goods and services space, among the world's largest franchise businesses and a recognized leader in franchisee-franchisor relationships. Home Franchise Concepts' brands including AdvantaClean® , Aussie Pet Mobile®, Bath Tune-Up® , Budget Blinds® , Concrete Craft® , Kitchen Tune-Up®, Lightspeed RestorationTM , PremierGarage® , The Tailored Closet®, and Two Maids® are supported by more than 2,600 franchise territories in the U.S., and Canada . For information on franchise opportunities, please visit http://homefranchiseconcepts.com/ . About JM Family Enterprises JM Family Enterprises, Inc. was founded by automotive legend, Jim Moran in 1968. It is a privately held company with more than $20 billion in revenue and more than 5,000 associates. Rooted in automotive and united in its strong culture and core values, JM Family is in the business of helping other businesses succeed. As a long-term partner, it is invested in its companies, associates and its communities. Driven by exceptional performance, current subsidiaries are in the automotive, financial services, franchising and specialty distribution industries. Its family of companies includes: Southeast Toyota Distributors , JM&A Group , World Omni Financial Corp. (dba Southeast Toyota Finance ), JM Lexus , Home Franchise Concepts ®, Futura Title & Escrow and Rollease Acmeda . Interact with JM Family on Facebook , Instagram and LinkedIn . Contact: Margo Williams mwilliams@fish-consulting.com View original content: https://www.prnewswire.com/news-releases/budget-blinds-announces-strategic-changes-to-executive-leadership-team-302324283.html SOURCE Home Franchise Concepts

Mahayuti Candidates Achieve Record Victory Margins in Indian ElectionsBudget Blinds Announces Strategic Changes to Executive Leadership Team

Former Indian Prime Minister Manmohan Singh, widely recognized as the architect of India's 1991 economic reforms, passed away at age 92, as confirmed by the All India Institute of Medical Sciences in Delhi where he was admitted in critical condition. Dr. Singh, renowned for his economic expertise, reshaped Indian economic policy by introducing liberalization measures that transformed the nation's economic landscape. His role as finance minister under P.V. Narasimha Rao marked the beginning of a new era for India's economy. While Singh was often seen as a reluctant political leader, his decisions included significant international agreements such as the Indo-US nuclear deal. Prime Minister Narendra Modi expressed heartfelt condolences, acknowledging Singh's contributions to India's economic and political realms. (With inputs from agencies.)

A shaky second half to Moody's second season with San Francisco has put that into question headed to the offseason. Moody missed his sixth field goal in the past seven games last week, leading to questions about whether the 49ers will need to replace him or at least bring in competition for next season. Coach Kyle Shanahan expressed confidence in Moody on Thursday, attributing some of the struggles to a high ankle sprain he suffered in his kicking leg earlier in the season. “I still feel the same about him, that I believe he is going to be our guy," Shanahan said. “Everyone has got to perform and do things like that and I think he has had a tough year. ... I thought he was doing really well and then had a high ankle sprain to his kicking foot. Since he’s come back, he hasn’t been as consistent, obviously. But I think a lot of that probably has to do with that, just common-sense wise.” Moody got off to a strong start this season, making all six field goals he attempted in the season opener and going 13 for 14 before injuring his ankle while attempting to make a tackle on a kickoff return in Week 5. He missed three games and has struggled since he returned. He missed three field goals in first first game back at Tampa Bay, two more in the snow at Buffalo in Week 13 and then a 41-yarder last week against the Dolphins. “That’s the great thing about kicking is, you can be as talented as whoever and you can struggle,” Moody said. “I feel like this year, I’ve struggled. It doesn’t really waver my confidence or anything. I feel like, throughout my entire life, I’ve gone through struggles, I’ve gone through high points. The biggest thing is to just stay consistent, not change anything.” Moody had an up-and-down rookie season, making 21 of 25 field goals in the regular season and missing only one extra point. But he missed a potential game-winning kick in a loss at Cleveland and missed field goals in playoff wins against Green Bay and Detroit. Moody then made three field goals in the Super Bowl with two coming from more than 50 yards, including a go-ahead 53-yard kick late in the fourth quarter against Kansas City. But Moody also had an extra point blocked in that game. “I believe we’ve got the right guy and I think that eventually, I think he has shown that at times,” Shanahan said. "I thought he showed that at times his rookie year. I thought he showed that big time being 12 out of 13 to start this year. And I think he’ll show us all that in the future.” NOTES: The Niners placed LT Trent Williams on IR after his ankle injury hasn't healed as quickly as hoped. Shanahan didn't think there were any long-term issues. ... LB Dre Greenlaw (calf) will be shut down for the rest of the season after playing parts of two games in his return from a torn left Achilles tendon. ... OL Spencer Burford (calf) didn't practice but might be able to play this week. ... San Francisco has signed two OL this week, adding Matt Hennessy and Charlie Heck. ... RB Isaac Guerendo (hamstring, foot) was limited but appears on track to play this week. AP NFL: https://apnews.com/hub/NFLWASHINGTON (AP) — The House shut down Democrats' efforts Thursday to release the long-awaited ethics report into former Rep. Matt Gaetz , pushing the fate of any resolution to the yearslong investigation of sexual misconduct allegations into further uncertainty. The nearly party-line votes came after Democrats had been pressing for the findings to be published even though the Florida Republican left Congress and withdrew as President-elect Donald Trump’s nominee for attorney general. Rep. Tom McClintock, R-Calif., was the sole Republican to support the effort. Most Republicans have argued that any congressional probe into Gaetz ended when he resigned from the House. Speaker Mike Johnson also requested that the committee not publish its report, saying it would be a terrible precedent to set. While ethics reports have previously been released after a member’s resignation, it is extremely rare. Shortly before the votes took place, Rep. Sean Casten, D-Ill., who introduced one of the bills to force the release, said that if Republicans reject the release, they will have “succeeded in sweeping credible allegations of sexual misconduct under the rug.” Gaetz has repeatedly denied the claims. Earlier Thursday, the Ethics panel met to discuss the Gaetz report but made no decision, saying in a short statement that the matter is still being discussed. It's unclear now whether the document will ever see the light of day as lawmakers only have a few weeks left before a new session of Congress begins. It's the culmination of weeks of pressure on the Ethics committee's five Republicans and five Democrats who mostly work in secret as they investigate allegations of misconduct against lawmakers. The status of the Gaetz investigation became an open question last month when he abruptly resigned from Congress after Trump's announcement that he wanted his ally in the Cabinet. It is standard practice for the committee to end investigations when members of Congress depart, but the circumstances surrounding Gaetz were unusual, given his potential role in the new administration. Rep. Michael Guest, R-Miss., the committee chairman, said Wednesday that there is no longer the same urgency to release the report given that Gaetz has left Congress and stepped aside as Trump's choice to head the Justice Department. “I’ve been steadfast about that. He’s no longer a member. He is no longer going to be confirmed by the Senate because he withdrew his nomination to be the attorney general,” Guest said. The Gaetz report has also caused tensions between lawmakers on the bipartisan committee. Pennsylvania Rep. Susan Wild, the top Democrat on the panel, publicly admonished Guest last month for mischaracterizing a previous meeting to the press. Gaetz has denied any wrongdoing and said last year that the Justice Department’s separate investigation against him into sex trafficking allegations involving underage girls ended without federal charges. His onetime political ally Joel Greenberg , a fellow Republican who served as the tax collector in Florida’s Seminole County, admitted as part of a plea deal with prosecutors in 2021 that he paid women and an underage girl to have sex with him and other men. The men were not identified in court documents when he pleaded guilty. Greenberg was sentenced in late 2022 to 11 years in prison. ___ Farnoush Amiri, The Associated Press

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EU rules requiring all new smartphones, tablets and cameras to use the same charger came into force on Saturday, in a change Brussels said will cut costs and waste. Manufacturers are now obliged to fit devices sold in the 27-nation bloc with a USB-C, the port chosen by the European Union as the common standard for charging electronic tools. "Starting today, all new mobile phones, tablets, digital cameras, headphones, speakers, keyboards and many other electronics sold in the EU will have to be equipped with a USB Type-C charging port," the EU Parliament wrote on social media X. The EU has said the single charger rule will simplify the life of Europeans and slash costs for consumers. By allowing consumers to purchase a new device without a new charger, it will also reduce the mountain of obsolete chargers, the bloc has argued. The law was first approved in 2022 following a tussle with US tech giant Apple. It allowed companies until December 28 this year to adapt. Makers of laptops will have extra time, from early 2026, to also follow suit. Most devices already use these cables, but Apple was more than a little reluctant. The firm said in 2021 that such regulation "stifles innovation", but by September last year it had begun shipping phones with the new port. Makers of electronic consumer items in Europe had agreed on a single charging norm from dozens on the market a decade ago under a voluntary agreement with the European Commission. But Apple, the world's biggest seller of smartphones, refused to abide by it and ditch its Lightning ports. Other manufacturers kept their alternative cables going, meaning there were about half a dozen types knocking around, creating a jumble of cables for consumers. USB-C ports can charge at up to 100 Watts, transfer data up to 40 gigabits per second, and can serve to hook up to external displays. At the time of its approval, the commission said the law was expected to save at least 200 million euros ($208 million) per year and cut more than a thousand tonnes of EU electronic waste every year. "It's time for THE charger," the European Commission wrote on X on Saturday. "It means better-charging technology, reduced e-waste, and less fuss to find the chargers you need." ub/givStocks closed higher on Wall Street, giving the market its fifth gain in a row and notching another record high for the Dow Jones Industrial Average. The S&P 500 rose 0.3% Friday. The Dow added 1%, and the Nasdaq composite tacked on 0.2%. Retailers had some of the biggest gains. Gap soared after reporting quarterly results that easily beat analysts’ estimates. EchoStar fell after DirecTV called off its purchase of that company’s Dish Network unit. European markets closed mostly higher and Asian markets ended mixed. Treasury yields held relatively steady in the bond market. Crude oil prices gained ground. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. Stocks rose on Wall Street in afternoon trading Friday, keeping the market on track for its fifth straight gain. The S&P 500 was up 0.2% and was solidly on track for a weekly gain that will erase most of last week's loss. The Dow Jones Industrial Average climbed 333 points, or 0.8%, and the Nasdaq composite was essentially flat with a gain of less than 0.1% as of 3:07 p.m. Eastern. Markets have been volatile over the last few weeks, losing ground in the runup to elections in November, then surging following Donald Trump's victory, before falling again. The S&P 500 has been steadily rising throughout this week to within close range of its record. “Overall, market behavior has normalized following an intense few weeks,” said Mark Hackett, chief of investment research at Nationwide, in a statement. Several retailers jumped after giving Wall Street encouraging financial updates. Gap soared 10.8% after handily beating analysts' third-quarter earnings and revenue expectations, while raising its own revenue forecast for the year. Discount retailer Ross Stores rose 1.5% after raising its earnings forecast for the year. EchoStar fell 2.4% after DirecTV called off its purchase of that company's Dish Network unit. Smaller company stocks had some of the biggest gains. The Russell 2000 index rose 1.8%. A majority of stocks in the S&P 500 were gaining ground, but those gains were kept in check by slumps for several big technology companies. Nvidia fell 3.3%. Its pricey valuation makes it among the heaviest influences on whether the broader market gains or loses ground. The company has grown into a nearly $3.6 trillion behemoth because of demand for its chips used in artificial-intelligence technology. Intuit, which makes TurboTax and other accounting software, fell 5.6%. It gave investors a quarterly earnings forecast that fell short of analysts’ expectations. Facebook owner Meta Platforms fell 0.8% following a decision by the Supreme Court to allow a multibillion-dollar class action investors’ lawsuit to proceed against the company. It stems from the privacy scandal involving the Cambridge Analytica political consulting firm. European markets closed mostly higher and Asian markets ended mixed. Crude oil prices rose. Treasury yields held relatively steady in the bond market. The yield on the 10-year Treasury fell to 4.41% from 4.42% late Thursday. In the crypto market, Bitcoin hovered around $99,000, according to CoinDesk. It has more than doubled this year and first surpassed the $99,000 level on Thursday. Retailers remained a big focus for investors this week amid close scrutiny on consumer spending habits headed into the holiday shopping season. Walmart, the nation's largest retailer, reported a quarter of strong sales and gave investors an encouraging financial forecast. Target, though, reported weaker earnings than analysts' expected and its forecast disappointed Wall Street. Consumer spending has fueled economic growth, despite a persistent squeeze from inflation and high borrowing costs. Inflation has been easing and the Federal Reserve has started trimming its benchmark interest rates. That is likely to help relieve pressure on consumers, but any major shift in spending could prompt the Fed to reassess its path ahead on interest rates. Also, any big reversals on the rate of inflation could curtail spending. Consumer sentiment remains strong, according to the University of Michigan's consumer sentiment index. It revised its latest figure for November to 71.8 from an initial reading of 73 earlier this month, though economists expected a slight increase. It's still up from 70.5 in October. The survey also showed that consumers' inflation expectations for the year ahead fell slightly to 2.6%, which is the lowest reading since December of 2020. Wall Street will get another update on how consumers feel when the business group The Conference Board releases its monthly consumer confidence survey on Tuesday. A key inflation update will come on Wednesday when the U.S. releases its October personal consumption expenditures index. The PCE is the Fed's preferred measure of inflation and this will be the last PCE reading prior to the central bank's meeting in December. Damian J. Troise And Alex Veiga, The Associated PressSri Lanka hosts key stakeholders’ meeting to strengthen Fairtrade Network and promote sustainable exports

Imphal, Nov 23 (PTI) An organisation, which claims to be the apex body of the Thadou tribe in Manipur, on Saturday said that central and state governments and leaders of all communities should work together to end the violence in the state. The Thadou is the largest sub-tribe among the Kuki Zo communities. In a statement, the Thadou Inpi claimed that its members are the most affected and most silent victims in the ongoing conflict in the state, yet they continue to advocate peace. It said that peace is needed to end the “untold sufferings” of the people and in the interest of Manipur and the nation. Responding to the statement by 10 Kuki legislators that "some fringe elements claiming to represent Thadou and Hmar are pitiful at its best," the organisation wondered if those MLAs are engaged in anti-Thadou activities. Several of those legislators belong to the ruling NDA in the state. The Thadou Inpi claimed that it makes no sense to demand sacking of a government or a separate administration while continuing to support or be part of the same government. It also accused those 10 MLAs of being "more into the pursuit of political opportunism" rather than interested in mitigating the sufferings of the people. (This story has not been edited by THE WEEK and is auto-generated from PTI)

5jili
5jili Mutual of America Capital Management LLC cut its position in The Estée Lauder Companies Inc. ( NYSE:EL – Free Report ) by 2.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 28,722 shares of the company’s stock after selling 691 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Estée Lauder Companies were worth $2,863,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors have also recently bought and sold shares of EL. Van ECK Associates Corp raised its holdings in shares of Estée Lauder Companies by 36.4% during the third quarter. Van ECK Associates Corp now owns 4,041,911 shares of the company’s stock valued at $402,938,000 after buying an additional 1,078,926 shares during the last quarter. Independent Franchise Partners LLP increased its position in Estée Lauder Companies by 44.4% in the 2nd quarter. Independent Franchise Partners LLP now owns 3,466,048 shares of the company’s stock valued at $368,788,000 after acquiring an additional 1,066,320 shares during the period. Marshall Wace LLP raised its stake in Estée Lauder Companies by 3,065.6% during the 2nd quarter. Marshall Wace LLP now owns 1,983,083 shares of the company’s stock valued at $211,000,000 after acquiring an additional 1,920,439 shares in the last quarter. Rathbones Group PLC grew its stake in shares of Estée Lauder Companies by 3.5% in the second quarter. Rathbones Group PLC now owns 991,871 shares of the company’s stock worth $105,535,000 after purchasing an additional 33,672 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in shares of Estée Lauder Companies by 46.7% in the second quarter. Canada Pension Plan Investment Board now owns 772,027 shares of the company’s stock worth $82,144,000 after purchasing an additional 245,600 shares in the last quarter. 55.15% of the stock is owned by institutional investors and hedge funds. Analysts Set New Price Targets Several equities research analysts recently weighed in on EL shares. StockNews.com downgraded shares of Estée Lauder Companies from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Evercore ISI lowered their price objective on shares of Estée Lauder Companies from $180.00 to $130.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 20th. UBS Group dropped their target price on Estée Lauder Companies from $115.00 to $104.00 and set a “neutral” rating on the stock in a report on Tuesday, August 20th. Telsey Advisory Group reiterated a “market perform” rating and set a $105.00 price target on shares of Estée Lauder Companies in a research report on Thursday, October 31st. Finally, HSBC downgraded Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $100.00 price objective on the stock. in a research note on Wednesday, October 16th. Nineteen investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $98.57. Insider Buying and Selling at Estée Lauder Companies In other Estée Lauder Companies news, Director Paul J. Fribourg bought 77,500 shares of Estée Lauder Companies stock in a transaction on Friday, November 15th. The stock was purchased at an average cost of $64.01 per share, for a total transaction of $4,960,775.00. Following the completion of the purchase, the director now directly owns 234,500 shares of the company’s stock, valued at $15,010,345. The trade was a 49.36 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link . Also, Director Charlene Barshefsky sold 3,437 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $91.93, for a total transaction of $315,963.41. Following the transaction, the director now owns 49,800 shares in the company, valued at approximately $4,578,114. This trade represents a 6.46 % decrease in their position. The disclosure for this sale can be found here . Corporate insiders own 12.78% of the company’s stock. Estée Lauder Companies Price Performance NYSE EL opened at $69.93 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 0.90. The firm has a market capitalization of $25.10 billion, a price-to-earnings ratio of 124.88, a price-to-earnings-growth ratio of 4.04 and a beta of 1.05. The company has a 50 day simple moving average of $82.78 and a 200-day simple moving average of $98.26. The Estée Lauder Companies Inc. has a 52-week low of $62.29 and a 52-week high of $159.75. Estée Lauder Companies ( NYSE:EL – Get Free Report ) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.05. The firm had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.37 billion. Estée Lauder Companies had a net margin of 1.31% and a return on equity of 17.31%. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.11 EPS. Equities research analysts predict that The Estée Lauder Companies Inc. will post 1.59 earnings per share for the current fiscal year. Estée Lauder Companies Cuts Dividend The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a dividend of $0.35 per share. The ex-dividend date is Friday, November 29th. This represents a $1.40 dividend on an annualized basis and a yield of 2.00%. Estée Lauder Companies’s payout ratio is 471.43%. Estée Lauder Companies Profile ( Free Report ) The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, and powders, as well as compacts, brushes, and other makeup tools. Further Reading Want to see what other hedge funds are holding EL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Estée Lauder Companies Inc. ( NYSE:EL – Free Report ). Receive News & Ratings for Estée Lauder Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Estée Lauder Companies and related companies with MarketBeat.com's FREE daily email newsletter .Home Franchise Concepts' Leading Window Covering Brand Promotes and Expands Roles for Veteran Team Members to Drive Collaboration, Growth and Innovation IRVINE, Calif. , Dec. 5, 2024 /PRNewswire/ -- Budget Blinds, a leader in window coverings, today announced significant changes to its executive leadership team, positioning the company for continued success and industry disruption. Effective immediately, the brand has promoted Tracy Christman to Chief Operating Officer; and expanded roles for Amy Campbell to Vice President of Marketing, Product Design & Strategy; and Nicholas (Nick) Petropoulos as Director of Information Technologies. As part of Home Franchise Concepts' family of brands, these executive changes reflect the leading franchise platform's commitment to setting industry standards and laying the groundwork for building exponential future growth opportunities. Home Franchise Concepts, a subsidiary of JM Family Enterprises, places an emphasis on strategic leadership development to continue positioning its brands as industry front-runners. Budget Blinds' restructuring aligns with its strategic vision to become the most revered brand in the window coverings industry, while pursuing its primary objectives of operational excellence and innovative customer experience. "We're on the verge of transformational changes that will redefine Budget Blinds' presence in the industry," said Heather Nykolaychuk , President of Budget Blinds. "Earlier this year, we introduced a new business model for our franchisees to enhance brand reinvestment and elevated our strategic planning process to incorporate input from key stakeholders, including our franchisees, fostering greater buy-in and alignment to our long-range plan. As such, with their combined experience and expertise, we are confident that as Tracy, Amy and Nick take on their new or expanding roles, they will ignite our bold new direction, benefiting our associates, franchisees, vendor partners and customers." Additional details on Budget Blinds' leaders and their expanded roles are outlined below: These organizational changes, coupled with the brand's proactive engagement of key stakeholders, position Budget Blinds for improved performance and sustainable growth. The brand is confident that this new structure will foster collaboration and drive innovation, ensuring Budget Blinds remains the leader in window coverings while Home Franchise Concepts continues to reinvest in the brand for future growth. Budget Blinds looks forward to providing enhanced franchisee support, more efficient operations and the development of products and services that truly resonate with our consumers. "We strive to be regarded with deep respect and admiration by all who work and partner with us, through championing high-standards of child-safety, product quality and exceptional experiences rooted in trust and brand reputation," continued Nykolaychuk. "We're excited for the bright future we have ahead, and look forward to the lasting impact Tracy, Amy and Nick will bestow on the Budget Blinds legacy." With Budget Blinds contributing to the success of Home Franchise Concepts, the parent company plans to execute even more innovative strategies and remain ambitious in implementing new tactics to generate additional awareness and support for its family of brands. With new shifts in leadership, Home Franchise Concepts is focused on ongoing operational and technology improvements and is dedicated to enhancing the support for its family of brands. To learn more about Home Franchise Concepts and franchise development opportunities, visit homefranchiseconcepts.com . For more information specific to Budget Blinds, please visit budgetblinds.com . About Budget Blinds Budget Blinds ® is the largest window covering franchise in North America, offering custom blinds, shutters, shades, drapery, and more for residential and commercial consumers in more than 10,000 communities in the U.S. and Canada. Budget Blinds' over 900 business owners, and 1,500 locations, have dressed more than 25 million windows since the brand's founding in 1992. Budget Blinds is part of the Home Franchise Concepts family of home improvement goods and services brands. About Home Franchise Concepts Home Franchise Concepts® , is one of the world's largest franchising systems in the home improvement goods and services space, among the world's largest franchise businesses and a recognized leader in franchisee-franchisor relationships. Home Franchise Concepts' brands including AdvantaClean® , Aussie Pet Mobile®, Bath Tune-Up® , Budget Blinds® , Concrete Craft® , Kitchen Tune-Up®, Lightspeed RestorationTM , PremierGarage® , The Tailored Closet®, and Two Maids® are supported by more than 2,600 franchise territories in the U.S., and Canada . For information on franchise opportunities, please visit http://homefranchiseconcepts.com/ . About JM Family Enterprises JM Family Enterprises, Inc. was founded by automotive legend, Jim Moran in 1968. It is a privately held company with more than $20 billion in revenue and more than 5,000 associates. Rooted in automotive and united in its strong culture and core values, JM Family is in the business of helping other businesses succeed. As a long-term partner, it is invested in its companies, associates and its communities. Driven by exceptional performance, current subsidiaries are in the automotive, financial services, franchising and specialty distribution industries. Its family of companies includes: Southeast Toyota Distributors , JM&A Group , World Omni Financial Corp. (dba Southeast Toyota Finance ), JM Lexus , Home Franchise Concepts ®, Futura Title & Escrow and Rollease Acmeda . Interact with JM Family on Facebook , Instagram and LinkedIn . Contact: Margo Williams mwilliams@fish-consulting.com View original content: https://www.prnewswire.com/news-releases/budget-blinds-announces-strategic-changes-to-executive-leadership-team-302324283.html SOURCE Home Franchise Concepts

Mahayuti Candidates Achieve Record Victory Margins in Indian ElectionsBudget Blinds Announces Strategic Changes to Executive Leadership Team

Former Indian Prime Minister Manmohan Singh, widely recognized as the architect of India's 1991 economic reforms, passed away at age 92, as confirmed by the All India Institute of Medical Sciences in Delhi where he was admitted in critical condition. Dr. Singh, renowned for his economic expertise, reshaped Indian economic policy by introducing liberalization measures that transformed the nation's economic landscape. His role as finance minister under P.V. Narasimha Rao marked the beginning of a new era for India's economy. While Singh was often seen as a reluctant political leader, his decisions included significant international agreements such as the Indo-US nuclear deal. Prime Minister Narendra Modi expressed heartfelt condolences, acknowledging Singh's contributions to India's economic and political realms. (With inputs from agencies.)

A shaky second half to Moody's second season with San Francisco has put that into question headed to the offseason. Moody missed his sixth field goal in the past seven games last week, leading to questions about whether the 49ers will need to replace him or at least bring in competition for next season. Coach Kyle Shanahan expressed confidence in Moody on Thursday, attributing some of the struggles to a high ankle sprain he suffered in his kicking leg earlier in the season. “I still feel the same about him, that I believe he is going to be our guy," Shanahan said. “Everyone has got to perform and do things like that and I think he has had a tough year. ... I thought he was doing really well and then had a high ankle sprain to his kicking foot. Since he’s come back, he hasn’t been as consistent, obviously. But I think a lot of that probably has to do with that, just common-sense wise.” Moody got off to a strong start this season, making all six field goals he attempted in the season opener and going 13 for 14 before injuring his ankle while attempting to make a tackle on a kickoff return in Week 5. He missed three games and has struggled since he returned. He missed three field goals in first first game back at Tampa Bay, two more in the snow at Buffalo in Week 13 and then a 41-yarder last week against the Dolphins. “That’s the great thing about kicking is, you can be as talented as whoever and you can struggle,” Moody said. “I feel like this year, I’ve struggled. It doesn’t really waver my confidence or anything. I feel like, throughout my entire life, I’ve gone through struggles, I’ve gone through high points. The biggest thing is to just stay consistent, not change anything.” Moody had an up-and-down rookie season, making 21 of 25 field goals in the regular season and missing only one extra point. But he missed a potential game-winning kick in a loss at Cleveland and missed field goals in playoff wins against Green Bay and Detroit. Moody then made three field goals in the Super Bowl with two coming from more than 50 yards, including a go-ahead 53-yard kick late in the fourth quarter against Kansas City. But Moody also had an extra point blocked in that game. “I believe we’ve got the right guy and I think that eventually, I think he has shown that at times,” Shanahan said. "I thought he showed that at times his rookie year. I thought he showed that big time being 12 out of 13 to start this year. And I think he’ll show us all that in the future.” NOTES: The Niners placed LT Trent Williams on IR after his ankle injury hasn't healed as quickly as hoped. Shanahan didn't think there were any long-term issues. ... LB Dre Greenlaw (calf) will be shut down for the rest of the season after playing parts of two games in his return from a torn left Achilles tendon. ... OL Spencer Burford (calf) didn't practice but might be able to play this week. ... San Francisco has signed two OL this week, adding Matt Hennessy and Charlie Heck. ... RB Isaac Guerendo (hamstring, foot) was limited but appears on track to play this week. AP NFL: https://apnews.com/hub/NFLWASHINGTON (AP) — The House shut down Democrats' efforts Thursday to release the long-awaited ethics report into former Rep. Matt Gaetz , pushing the fate of any resolution to the yearslong investigation of sexual misconduct allegations into further uncertainty. The nearly party-line votes came after Democrats had been pressing for the findings to be published even though the Florida Republican left Congress and withdrew as President-elect Donald Trump’s nominee for attorney general. Rep. Tom McClintock, R-Calif., was the sole Republican to support the effort. Most Republicans have argued that any congressional probe into Gaetz ended when he resigned from the House. Speaker Mike Johnson also requested that the committee not publish its report, saying it would be a terrible precedent to set. While ethics reports have previously been released after a member’s resignation, it is extremely rare. Shortly before the votes took place, Rep. Sean Casten, D-Ill., who introduced one of the bills to force the release, said that if Republicans reject the release, they will have “succeeded in sweeping credible allegations of sexual misconduct under the rug.” Gaetz has repeatedly denied the claims. Earlier Thursday, the Ethics panel met to discuss the Gaetz report but made no decision, saying in a short statement that the matter is still being discussed. It's unclear now whether the document will ever see the light of day as lawmakers only have a few weeks left before a new session of Congress begins. It's the culmination of weeks of pressure on the Ethics committee's five Republicans and five Democrats who mostly work in secret as they investigate allegations of misconduct against lawmakers. The status of the Gaetz investigation became an open question last month when he abruptly resigned from Congress after Trump's announcement that he wanted his ally in the Cabinet. It is standard practice for the committee to end investigations when members of Congress depart, but the circumstances surrounding Gaetz were unusual, given his potential role in the new administration. Rep. Michael Guest, R-Miss., the committee chairman, said Wednesday that there is no longer the same urgency to release the report given that Gaetz has left Congress and stepped aside as Trump's choice to head the Justice Department. “I’ve been steadfast about that. He’s no longer a member. He is no longer going to be confirmed by the Senate because he withdrew his nomination to be the attorney general,” Guest said. The Gaetz report has also caused tensions between lawmakers on the bipartisan committee. Pennsylvania Rep. Susan Wild, the top Democrat on the panel, publicly admonished Guest last month for mischaracterizing a previous meeting to the press. Gaetz has denied any wrongdoing and said last year that the Justice Department’s separate investigation against him into sex trafficking allegations involving underage girls ended without federal charges. His onetime political ally Joel Greenberg , a fellow Republican who served as the tax collector in Florida’s Seminole County, admitted as part of a plea deal with prosecutors in 2021 that he paid women and an underage girl to have sex with him and other men. The men were not identified in court documents when he pleaded guilty. Greenberg was sentenced in late 2022 to 11 years in prison. ___ Farnoush Amiri, The Associated Press

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EU rules requiring all new smartphones, tablets and cameras to use the same charger came into force on Saturday, in a change Brussels said will cut costs and waste. Manufacturers are now obliged to fit devices sold in the 27-nation bloc with a USB-C, the port chosen by the European Union as the common standard for charging electronic tools. "Starting today, all new mobile phones, tablets, digital cameras, headphones, speakers, keyboards and many other electronics sold in the EU will have to be equipped with a USB Type-C charging port," the EU Parliament wrote on social media X. The EU has said the single charger rule will simplify the life of Europeans and slash costs for consumers. By allowing consumers to purchase a new device without a new charger, it will also reduce the mountain of obsolete chargers, the bloc has argued. The law was first approved in 2022 following a tussle with US tech giant Apple. It allowed companies until December 28 this year to adapt. Makers of laptops will have extra time, from early 2026, to also follow suit. Most devices already use these cables, but Apple was more than a little reluctant. The firm said in 2021 that such regulation "stifles innovation", but by September last year it had begun shipping phones with the new port. Makers of electronic consumer items in Europe had agreed on a single charging norm from dozens on the market a decade ago under a voluntary agreement with the European Commission. But Apple, the world's biggest seller of smartphones, refused to abide by it and ditch its Lightning ports. Other manufacturers kept their alternative cables going, meaning there were about half a dozen types knocking around, creating a jumble of cables for consumers. USB-C ports can charge at up to 100 Watts, transfer data up to 40 gigabits per second, and can serve to hook up to external displays. At the time of its approval, the commission said the law was expected to save at least 200 million euros ($208 million) per year and cut more than a thousand tonnes of EU electronic waste every year. "It's time for THE charger," the European Commission wrote on X on Saturday. "It means better-charging technology, reduced e-waste, and less fuss to find the chargers you need." ub/givStocks closed higher on Wall Street, giving the market its fifth gain in a row and notching another record high for the Dow Jones Industrial Average. The S&P 500 rose 0.3% Friday. The Dow added 1%, and the Nasdaq composite tacked on 0.2%. Retailers had some of the biggest gains. Gap soared after reporting quarterly results that easily beat analysts’ estimates. EchoStar fell after DirecTV called off its purchase of that company’s Dish Network unit. European markets closed mostly higher and Asian markets ended mixed. Treasury yields held relatively steady in the bond market. Crude oil prices gained ground. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. Stocks rose on Wall Street in afternoon trading Friday, keeping the market on track for its fifth straight gain. The S&P 500 was up 0.2% and was solidly on track for a weekly gain that will erase most of last week's loss. The Dow Jones Industrial Average climbed 333 points, or 0.8%, and the Nasdaq composite was essentially flat with a gain of less than 0.1% as of 3:07 p.m. Eastern. Markets have been volatile over the last few weeks, losing ground in the runup to elections in November, then surging following Donald Trump's victory, before falling again. The S&P 500 has been steadily rising throughout this week to within close range of its record. “Overall, market behavior has normalized following an intense few weeks,” said Mark Hackett, chief of investment research at Nationwide, in a statement. Several retailers jumped after giving Wall Street encouraging financial updates. Gap soared 10.8% after handily beating analysts' third-quarter earnings and revenue expectations, while raising its own revenue forecast for the year. Discount retailer Ross Stores rose 1.5% after raising its earnings forecast for the year. EchoStar fell 2.4% after DirecTV called off its purchase of that company's Dish Network unit. Smaller company stocks had some of the biggest gains. The Russell 2000 index rose 1.8%. A majority of stocks in the S&P 500 were gaining ground, but those gains were kept in check by slumps for several big technology companies. Nvidia fell 3.3%. Its pricey valuation makes it among the heaviest influences on whether the broader market gains or loses ground. The company has grown into a nearly $3.6 trillion behemoth because of demand for its chips used in artificial-intelligence technology. Intuit, which makes TurboTax and other accounting software, fell 5.6%. It gave investors a quarterly earnings forecast that fell short of analysts’ expectations. Facebook owner Meta Platforms fell 0.8% following a decision by the Supreme Court to allow a multibillion-dollar class action investors’ lawsuit to proceed against the company. It stems from the privacy scandal involving the Cambridge Analytica political consulting firm. European markets closed mostly higher and Asian markets ended mixed. Crude oil prices rose. Treasury yields held relatively steady in the bond market. The yield on the 10-year Treasury fell to 4.41% from 4.42% late Thursday. In the crypto market, Bitcoin hovered around $99,000, according to CoinDesk. It has more than doubled this year and first surpassed the $99,000 level on Thursday. Retailers remained a big focus for investors this week amid close scrutiny on consumer spending habits headed into the holiday shopping season. Walmart, the nation's largest retailer, reported a quarter of strong sales and gave investors an encouraging financial forecast. Target, though, reported weaker earnings than analysts' expected and its forecast disappointed Wall Street. Consumer spending has fueled economic growth, despite a persistent squeeze from inflation and high borrowing costs. Inflation has been easing and the Federal Reserve has started trimming its benchmark interest rates. That is likely to help relieve pressure on consumers, but any major shift in spending could prompt the Fed to reassess its path ahead on interest rates. Also, any big reversals on the rate of inflation could curtail spending. Consumer sentiment remains strong, according to the University of Michigan's consumer sentiment index. It revised its latest figure for November to 71.8 from an initial reading of 73 earlier this month, though economists expected a slight increase. It's still up from 70.5 in October. The survey also showed that consumers' inflation expectations for the year ahead fell slightly to 2.6%, which is the lowest reading since December of 2020. Wall Street will get another update on how consumers feel when the business group The Conference Board releases its monthly consumer confidence survey on Tuesday. A key inflation update will come on Wednesday when the U.S. releases its October personal consumption expenditures index. The PCE is the Fed's preferred measure of inflation and this will be the last PCE reading prior to the central bank's meeting in December. Damian J. Troise And Alex Veiga, The Associated PressSri Lanka hosts key stakeholders’ meeting to strengthen Fairtrade Network and promote sustainable exports

Imphal, Nov 23 (PTI) An organisation, which claims to be the apex body of the Thadou tribe in Manipur, on Saturday said that central and state governments and leaders of all communities should work together to end the violence in the state. The Thadou is the largest sub-tribe among the Kuki Zo communities. In a statement, the Thadou Inpi claimed that its members are the most affected and most silent victims in the ongoing conflict in the state, yet they continue to advocate peace. It said that peace is needed to end the “untold sufferings” of the people and in the interest of Manipur and the nation. Responding to the statement by 10 Kuki legislators that "some fringe elements claiming to represent Thadou and Hmar are pitiful at its best," the organisation wondered if those MLAs are engaged in anti-Thadou activities. Several of those legislators belong to the ruling NDA in the state. The Thadou Inpi claimed that it makes no sense to demand sacking of a government or a separate administration while continuing to support or be part of the same government. It also accused those 10 MLAs of being "more into the pursuit of political opportunism" rather than interested in mitigating the sufferings of the people. (This story has not been edited by THE WEEK and is auto-generated from PTI)

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