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RCMP union applauds planned federal spending on border security
The S&P 500 ( ^GSPC 0.56% ) soared 26.3% (including dividends) in 2023, and it's up 27.8% in 2024 so far. That means it's on track for consecutive annual gains of at least 20% for the first time since 1999. In fact, going back to when the S&P 500 was established in 1957, that has only happened on six occasions. History suggests it could lead to another strong year in 2025, but the data is skewed by a period of time many investors would probably rather forget. Back-to-back gains of 20% (or more) are extremely rare The S&P 500 has delivered a compound annual return of 10.5% since 1957, so its performances during 2023 and 2024 are already significantly above average. Let's dive into some historical data below, and examine what happened every other time the index gained at least 20% in consecutive years. The S&P 500 generated a 37.2% return in 1975, and then a 23.8% gain in 1976. That strong back-to-back performance was followed by a 7.2% loss in 1977. The index generated a 21.5% return in 1981, and then a 22.5% gain in 1982. That occasion was followed by a modest 6.2% return in 1983. The S&P was up 37.5% in 1995, followed by a 22.9% gain in 1996, a 33.3% gain in 1997, a 28.5% gain in 1998, and a 21% gain in 1999. The streak ended with a 9.1% loss in the year 2000. In hindsight, that incredible five-year streak between 1995 and 1999 became known as the dot-com technology bubble, when internet companies surged in value without having the revenue, earnings, or fundamentals to support their gains. The dot-com bubble became the dot-com bust with a brutal three-year run of losses for the S&P 500 between 2000 and 2002. It took seven years for the index to reclaim its all-time high from that period. If we calculate the average S&P result from 1977, 1983, 1997, 1998, 1999, and 2000, we get an average return of 12.1%. That might be the gain we can expect in 2025, based purely on the above historical data alone. As I mentioned earlier, the data is heavily skewed by the dot-com era, which was an unprecedented time in stock market history. But we are in the midst of another technology boom right now, this time driven by artificial intelligence (AI). This isn't 1999, but the S&P 500 is unquestionably expensive AI has played a key role in the incredible S&P 500 gains during 2023 and 2024. Nvidia ( NVDA 2.15% ) , for example, has added a staggering $3.1 trillion to its market capitalization over the last two years, primarily based on sales of its graphics processing units ( GPU s) for the data center that are used to develop AI . Nvidia is on track to generate $129 billion in revenue during its current fiscal year, which will be a near-fivefold increase from two years ago. In other words, the AI boom is underpinned by tangible financial results, which wasn't the case with the internet bubble. In fact, Morgan Stanley predicts four tech companies -- Microsoft , Amazon , Alphabet , and Meta Platforms -- will invest a combined $300 billion in AI infrastructure during 2025 alone. Those four companies, plus Nvidia, represent 22.6% of the total value of the entire S&P 500, so it will be great for the broader market if that spending eventually pays off. With that said, the S&P is expensive right now. It trades at a price-to-earnings (P/E) ratio of 24.7, which is a 36% premium to its long-term average of 18.1 going back to the 1950s. However, we are still comfortably below the dot-com-era peak of around 46, which suggests valuations are elevated but not necessarily irrational just yet. Opposing economic forces could spark volatility in 2025 Given the valuation of the S&P 500, next year will have to be almost perfect in order for investors to see another strong return. That means corporate America will have to meet expectations when it comes to earnings growth, and macroeconomic conditions need to remain supportive. On the one hand, the U.S. economy will be supported by falling interest rates. The Federal Reserve has already cut rates twice since September, and there should be more on the way . On the other hand, the incoming Trump administration plans to levy sizable tariffs on important trading partners like Mexico and Canada, which could disrupt global trade and potentially even spark inflation. The last time President Trump was in office, he imposed tariffs on steel and aluminum imports from practically every country in the world. Many countries (like China) decided to retaliate with tariffs of their own, sparking fears of a painful trade war that could have derailed the global economy. That was a key reason the S&P 500 almost slipped into bear market territory during 2018. So if tariffs are on the agenda as soon as President-elect Trump moves back into the White House in January, the stock market could be in for a rough ride in 2025.South Florida defeats Portland 74-68
'Damaging' Andhra Brand: Chandrababu Naidu promises action over Adani Group's US bribery casePalantir Rockets 350% Year-To-Date, Insiders Offload Stock: Should Retail Investors Follow?
California 83, Sacramento St. 77Kennedy Jr.'s Romanian Rendezvous: Politics and Publishing CollidePublished 20:15 IST, November 23rd 2024 Kalpana Soren, wife of Jharkhand Chief Minister Hemant Soren, has emerged as a powerful force in the party that revitalised the Jharkhand Mukti Morcha (JMM). Ranchi: Kalpana Soren, wife of Jharkhand Chief Minister Hemant Soren, has emerged as a powerful force in the party that revitalised the Jharkhand Mukti Morcha (JMM). Her political journey, which was never her initial choice, began in earnest after her husband's arrest by the Enforcement Directorate (ED) on January 31 in connection with a money laundering case tied to an alleged land fraud. Despite the personal and political challenges posed by her husband's legal battles, Kalpana has proven to be a resilient and dynamic leader. She became a vocal figure in the opposition to the Bharatiya Janata Party (BJP), accusing the party of being a "tyrannical force" targeting the opposition INDIA bloc. Her leadership became especially prominent during the Lok Sabha elections, where she campaigned vigorously and led the JMM’s efforts in Jharkhand, gaining the support of tribal communities and others. Kalpana’s political rise gained significant momentum after her husband's release from jail and his subsequent return to office as Chief Minister in July. She emphasised that tribals, by their very nature, do not bow to oppression, a sentiment that has resonated with many in the state. Her message has been clear - she stands firm against injustice and dictatorial forces, taking inspiration from her husband’s refusal to compromise on his principles. Kalpana's political journey began on March 4 at the JMM's 51st Foundation Day celebration in Giridih district, where she claimed that a conspiracy had been orchestrated by opponents since the Hemant Soren coalition government came to power in 2019. Hemant Soren was arrested by the ED on January 31 in connection with a money laundering case linked to an alleged land fraud. He resigned from his post before the arrest. Kalpana has been a prominent figure in INDIA bloc rallies in Jharkhand and campaigned for the alliance in the state. She was one of the key speakers at the 'Ulgulan Nyay' rally in Ranchi, attended by leaders of 28 parties on April 21. She won the Gandey bypoll, held in June along with Lok Sabha polls by 27,149 votes over her nearest BJP rival Dilip Kumar Verma and ever since has not looked back. Through her about 200 rallies in assembly elections this time, Kalpana has infused new blood in the party and has emerged as a powerful face. Kalpana, 48, holds engineering and MBA degrees. "I will fight against injustice and dictatorial forces as bowing is not in tribal DNA. I will follow my husband's footsteps. He chose to court imprisonment rather than compromise his values. I am his better half and will see to it that tyrannical forces get a befitting reply," Kalpana emphasises. She terms her husband's arrest by the ED as politically motivated and part of a plan to coerce him to join the BJP. "His arrest was part of a plan by the central government to browbeat, intimidate, and humiliate him, but they will get a befitting reply in the elections," she had said. Kalpana completed her schooling in Baripada in Odisha's Mayurbhanj district and obtained her engineering and MBA degrees in Bhubaneswar. Speculation regarding Kalpana's candidacy arose following the resignation of Ahmad in December, with the BJP claiming it was to facilitate her candidacy in case the ED issued summonses to her husband. The BJP in the state has been attacking Kalpana, saying that Champai Soren was a "caretaker and puppet chief minister" while she was the "centre of power" in Jharkhand. "All of you have reached this far in this great election campaign by shedding your blood and sweat. Every vote is precious for us. That is why we have to maintain our passion and fighting spirit until we get the certificate of victory," she emphasises. Now her luck is sealed in the EVM as she once again contested from Gandey. Kalpana has been making headlines now as Hemant finds himself increasingly facing heat from the Enforcement Directorate (ED) in a case pertaining to an alleged land scam. As the ED turns up the heat on the CM, Kalpana is set to remain in the limelight. With PTI Inputs Get Current Updates on India News , Entertainment News along with Latest News and Top Headlines from India and around the world. 20:15 IST, November 23rd 2024
The University of Arizona projects its research activity exceeded $1 billion in fiscal year 2024, which it says would put the university into a select group of top research institutions. The University of Arizona’s Dante Lauretta, lead scientist for NASA’s OSIRIS-REx mission, signals the success and celebrates the triumph after a capsule containing materials from the asteroid Bennu landed in October 2023 on a Utah military range. The successful mission conceived and led by the UA was among the highlights of the university's $1 billion-plus in overall research spending in fiscal year 2024. Those include Stanford University, Duke University, Harvard University, University of California — Los Angeles, University of Florida, University of Michigan and University of North Carolina. “Our faculty members tackle urgent global challenges, from energy and environmental issues to national security, human health and the societal impact of technological change,” said UA President Suresh Garimella, who joined the university on Oct. 1, in announcing the research milestone in a news release Tuesday. Among UA's 2024 research highlights noted by UA: "Retrieving the largest asteroid sample ever brought to Earth, advancing a vaccine for Valley fever to human clinical trial — the world's first against fungal infection to reach this stage — and mitigating the effects of extreme heat." Researchers watch the OSIRIS-REx capsule begin its Utah landing during a watch party in October 2023 at the University of Arizona. The UA will submit its data to the National Science Foundation for review and the official number is set to be confirmed in the fall. This feat in research spending was achieved in the midst of the university’s year-long budget deficit and "financial crisis" revealed by former President Robert C. Robbins in the fall last year. The university continues to rebuild its faculty and staff numbers after layoffs and a temporary hiring freeze, having reduced its year-end projected budget deficit to $63 million from $177 million. "Research is the cornerstone of the University of Arizona's standing as a world-class institution, and our latest rankings reaffirm this excellence," said Tomás Díaz de la Rubia, senior vice president of research and innovation, in the news release. His role at the UA started Nov. 11. The most recent National Science Foundation rankings show the UA: • Spent a total of $955 million on research activity in fiscal year 2023, including more than $356 million in health sciences, which placed the university among the nation’s top 20 public research institutions for the sixth year in a row. • Ranks among the top 4% of 900 universities and colleges invested in research and development. • Has maintained its no. 1 ranking in astronomy and astrophysics since 1987. • Also holds the rankings of No. 2 among public universities for space science, No. 4 in high Hispanic enrollment, No. 6 in NASA-funded activity, No. 7 in physical sciences, No. 20 in overall public universities and No. 36 across all universities, according to the university website . “The scale of our research enterprise provides the capacity to lead multi-institution and interdisciplinary successes like the OSIRIS-REx (asteroid) mission and to pursue revolutionary advancements that will benefit people everywhere, such as personalized medical treatments with the Center for Advanced Molecular and Immunological Therapies,” said Garimella. According to Coco Tirambulo, an M.D./Ph.D. student at the UA College of Medicine — Tucson quoted in the news release, the hope is for the research to produce “transformative solutions for families navigating neurodegenerative diseases.” Reporter Prerana Sannappanavar covers higher education for the Arizona Daily Star and Tucson.com . Contact her at psannappa1@tucson.com . Subscribe to stay connected to Tucson. A subscription helps you access more of the local stories that keep you connected to the community. Want to see more like this? Get our local education coverage delivered directly to your inbox. Higher Education ReporterChina’s economic recovery instills confidence in global growth
Does Billionaire Ken Griffin Know Something Wall Street Doesn't? The Citadel CEO Dumps $750 Million in Microsoft Stock
Fort Lauderdale, FL, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (Nasdaq: RIME) ("Algorhythm” or the "Company”), an AI-driven technology and consumer electronics holding company today announced that it has entered into a definitive agreement with several investors for the purchase and sale of an aggregate of 24,067,388 of the Company's common stock, par value $0.01 per share (the "Common Stock”) at a purchase price of 0.0831 per share in a registered direct offering priced at-the-market under Nasdaq rules. The aggregate gross proceeds to the Company of this offering are expected to be approximately $2 million. The transaction is expected to close on or about December 18, 2024, subject to the satisfaction of customary closing conditions. Univest Securities, LLC is acting as the sole placement agent. The registered direct offering is being made pursuant to a shelf registration statement on Form S-3 (File No. 333-269183) previously filed by the Company and declared effective by the U.S. Securities and Exchange Commission ("SEC”) on January 20, 2023. A final prospectus supplement and accompanying prospectus describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC's website located at http://www.sec.gov . Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, when available, by contacting Univest Securities, LLC at [email protected] , or by calling +1 (212) 343-8888. This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Copies of the prospectus supplement relating to the registered direct offering, together with the accompanying base prospectus will be filed by the Company and, upon filing, can be obtained at the SEC's website at www.sec.gov . About Algorhythm Holdings, Inc. Algorhythm Holdings, Inc. is a holding company with two primary investments. First, the Company owns SemiCab Holdings, an emerging leader in the AI-enabled global logistics industry. Second, the Company owns The Singing Machine Company, the worldwide leader in the consumer karaoke industry. SemiCab is a cloud-based Collaborative Transportation Platform built to achieve the scalability required to predict and optimize millions of loads and hundreds of thousands of trucks. To orchestrate collaboration across manufacturers, retailers, distributors, and their carriers, SemiCab uses real-time data from API-based load tendering and pre-built integrations with TMS and ELD partners. To build fully loaded round trips, SemiCab uses AI/ML predictions and advanced predictive optimization models. On the SemiCab platform, shippers pay less and carriers make more while not having to change a thing. Since 2020, SemiCab has enabled major retailers, brands and transportation providers to address these common supply-chain problems globally. SemiCab's Orchestrated Collaboration TM AI model has proven to increase transportation capacity, improve asset utilization, reduce empty miles, lower logistics costs, and provide visibility into the entire transportation network. Models show the technology has the capability of saving shippers tens of billions of dollars annually through optimization. Further, SemiCab's technology also has the potential to play a key role in the improved sustainability model globally. Based on its proven ability to improve truck utilization rates from 65% to over 90%, this results in a dramatic reduction in the carbon footprint of the industry. The optimization of existing truck utilization can add approximately 30% more trucking capacity without adding more trucks, drivers or driven miles which addresses common problems plaguing the industry like severe driver shortage and road congestion. Trucking optimization could also eliminate approximately 25% of CO2 emissions attributable to road freight. For additional information regarding SemiCab: http://www.semicab.com The Singing Machine Company, Inc. is the worldwide leader in consumer karaoke products. Based in Fort Lauderdale, Florida, and founded over forty years ago, the Company designs and distributes the industry's widest assortment of at-home and in-car karaoke entertainment products. Their portfolio is marketed under both proprietary brands and popular licenses, including Carpool Karaoke and Sesame Street. Singing Machine products incorporate the latest technology and provide access to over 100,000 songs for streaming through its mobile app and select WiFi-capable products and is also developing the world's first globally available, fully integrated in-car karaoke system. The Company also has a new philanthropic initiative, CARE-eoke by Singing Machine, to focus on the social impact of karaoke for children and adults of all ages who would benefit from singing. Their products are sold in over 25,000 locations worldwide, including Amazon, Costco, Sam's Club, Target, and Walmart. To learn more, go to www.singingmachine.com . Forward-Looking Statements Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may,” "will,” "expect,” "anticipate,” "aim,” "estimate,” "intend,” "plan,” "believe,” "potential,” "continue,” "is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and in its other filings with the U.S. Securities and Exchange Commission. Investor Relations Contact: [email protected] www.algoholdings.comSeibert misses an extra point late as the Commanders lose their 3rd in a row, 34-26 to the Cowboys
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RCMP union applauds planned federal spending on border security
The S&P 500 ( ^GSPC 0.56% ) soared 26.3% (including dividends) in 2023, and it's up 27.8% in 2024 so far. That means it's on track for consecutive annual gains of at least 20% for the first time since 1999. In fact, going back to when the S&P 500 was established in 1957, that has only happened on six occasions. History suggests it could lead to another strong year in 2025, but the data is skewed by a period of time many investors would probably rather forget. Back-to-back gains of 20% (or more) are extremely rare The S&P 500 has delivered a compound annual return of 10.5% since 1957, so its performances during 2023 and 2024 are already significantly above average. Let's dive into some historical data below, and examine what happened every other time the index gained at least 20% in consecutive years. The S&P 500 generated a 37.2% return in 1975, and then a 23.8% gain in 1976. That strong back-to-back performance was followed by a 7.2% loss in 1977. The index generated a 21.5% return in 1981, and then a 22.5% gain in 1982. That occasion was followed by a modest 6.2% return in 1983. The S&P was up 37.5% in 1995, followed by a 22.9% gain in 1996, a 33.3% gain in 1997, a 28.5% gain in 1998, and a 21% gain in 1999. The streak ended with a 9.1% loss in the year 2000. In hindsight, that incredible five-year streak between 1995 and 1999 became known as the dot-com technology bubble, when internet companies surged in value without having the revenue, earnings, or fundamentals to support their gains. The dot-com bubble became the dot-com bust with a brutal three-year run of losses for the S&P 500 between 2000 and 2002. It took seven years for the index to reclaim its all-time high from that period. If we calculate the average S&P result from 1977, 1983, 1997, 1998, 1999, and 2000, we get an average return of 12.1%. That might be the gain we can expect in 2025, based purely on the above historical data alone. As I mentioned earlier, the data is heavily skewed by the dot-com era, which was an unprecedented time in stock market history. But we are in the midst of another technology boom right now, this time driven by artificial intelligence (AI). This isn't 1999, but the S&P 500 is unquestionably expensive AI has played a key role in the incredible S&P 500 gains during 2023 and 2024. Nvidia ( NVDA 2.15% ) , for example, has added a staggering $3.1 trillion to its market capitalization over the last two years, primarily based on sales of its graphics processing units ( GPU s) for the data center that are used to develop AI . Nvidia is on track to generate $129 billion in revenue during its current fiscal year, which will be a near-fivefold increase from two years ago. In other words, the AI boom is underpinned by tangible financial results, which wasn't the case with the internet bubble. In fact, Morgan Stanley predicts four tech companies -- Microsoft , Amazon , Alphabet , and Meta Platforms -- will invest a combined $300 billion in AI infrastructure during 2025 alone. Those four companies, plus Nvidia, represent 22.6% of the total value of the entire S&P 500, so it will be great for the broader market if that spending eventually pays off. With that said, the S&P is expensive right now. It trades at a price-to-earnings (P/E) ratio of 24.7, which is a 36% premium to its long-term average of 18.1 going back to the 1950s. However, we are still comfortably below the dot-com-era peak of around 46, which suggests valuations are elevated but not necessarily irrational just yet. Opposing economic forces could spark volatility in 2025 Given the valuation of the S&P 500, next year will have to be almost perfect in order for investors to see another strong return. That means corporate America will have to meet expectations when it comes to earnings growth, and macroeconomic conditions need to remain supportive. On the one hand, the U.S. economy will be supported by falling interest rates. The Federal Reserve has already cut rates twice since September, and there should be more on the way . On the other hand, the incoming Trump administration plans to levy sizable tariffs on important trading partners like Mexico and Canada, which could disrupt global trade and potentially even spark inflation. The last time President Trump was in office, he imposed tariffs on steel and aluminum imports from practically every country in the world. Many countries (like China) decided to retaliate with tariffs of their own, sparking fears of a painful trade war that could have derailed the global economy. That was a key reason the S&P 500 almost slipped into bear market territory during 2018. So if tariffs are on the agenda as soon as President-elect Trump moves back into the White House in January, the stock market could be in for a rough ride in 2025.South Florida defeats Portland 74-68
'Damaging' Andhra Brand: Chandrababu Naidu promises action over Adani Group's US bribery casePalantir Rockets 350% Year-To-Date, Insiders Offload Stock: Should Retail Investors Follow?
California 83, Sacramento St. 77Kennedy Jr.'s Romanian Rendezvous: Politics and Publishing CollidePublished 20:15 IST, November 23rd 2024 Kalpana Soren, wife of Jharkhand Chief Minister Hemant Soren, has emerged as a powerful force in the party that revitalised the Jharkhand Mukti Morcha (JMM). Ranchi: Kalpana Soren, wife of Jharkhand Chief Minister Hemant Soren, has emerged as a powerful force in the party that revitalised the Jharkhand Mukti Morcha (JMM). Her political journey, which was never her initial choice, began in earnest after her husband's arrest by the Enforcement Directorate (ED) on January 31 in connection with a money laundering case tied to an alleged land fraud. Despite the personal and political challenges posed by her husband's legal battles, Kalpana has proven to be a resilient and dynamic leader. She became a vocal figure in the opposition to the Bharatiya Janata Party (BJP), accusing the party of being a "tyrannical force" targeting the opposition INDIA bloc. Her leadership became especially prominent during the Lok Sabha elections, where she campaigned vigorously and led the JMM’s efforts in Jharkhand, gaining the support of tribal communities and others. Kalpana’s political rise gained significant momentum after her husband's release from jail and his subsequent return to office as Chief Minister in July. She emphasised that tribals, by their very nature, do not bow to oppression, a sentiment that has resonated with many in the state. Her message has been clear - she stands firm against injustice and dictatorial forces, taking inspiration from her husband’s refusal to compromise on his principles. Kalpana's political journey began on March 4 at the JMM's 51st Foundation Day celebration in Giridih district, where she claimed that a conspiracy had been orchestrated by opponents since the Hemant Soren coalition government came to power in 2019. Hemant Soren was arrested by the ED on January 31 in connection with a money laundering case linked to an alleged land fraud. He resigned from his post before the arrest. Kalpana has been a prominent figure in INDIA bloc rallies in Jharkhand and campaigned for the alliance in the state. She was one of the key speakers at the 'Ulgulan Nyay' rally in Ranchi, attended by leaders of 28 parties on April 21. She won the Gandey bypoll, held in June along with Lok Sabha polls by 27,149 votes over her nearest BJP rival Dilip Kumar Verma and ever since has not looked back. Through her about 200 rallies in assembly elections this time, Kalpana has infused new blood in the party and has emerged as a powerful face. Kalpana, 48, holds engineering and MBA degrees. "I will fight against injustice and dictatorial forces as bowing is not in tribal DNA. I will follow my husband's footsteps. He chose to court imprisonment rather than compromise his values. I am his better half and will see to it that tyrannical forces get a befitting reply," Kalpana emphasises. She terms her husband's arrest by the ED as politically motivated and part of a plan to coerce him to join the BJP. "His arrest was part of a plan by the central government to browbeat, intimidate, and humiliate him, but they will get a befitting reply in the elections," she had said. Kalpana completed her schooling in Baripada in Odisha's Mayurbhanj district and obtained her engineering and MBA degrees in Bhubaneswar. Speculation regarding Kalpana's candidacy arose following the resignation of Ahmad in December, with the BJP claiming it was to facilitate her candidacy in case the ED issued summonses to her husband. The BJP in the state has been attacking Kalpana, saying that Champai Soren was a "caretaker and puppet chief minister" while she was the "centre of power" in Jharkhand. "All of you have reached this far in this great election campaign by shedding your blood and sweat. Every vote is precious for us. That is why we have to maintain our passion and fighting spirit until we get the certificate of victory," she emphasises. Now her luck is sealed in the EVM as she once again contested from Gandey. Kalpana has been making headlines now as Hemant finds himself increasingly facing heat from the Enforcement Directorate (ED) in a case pertaining to an alleged land scam. As the ED turns up the heat on the CM, Kalpana is set to remain in the limelight. With PTI Inputs Get Current Updates on India News , Entertainment News along with Latest News and Top Headlines from India and around the world. 20:15 IST, November 23rd 2024
The University of Arizona projects its research activity exceeded $1 billion in fiscal year 2024, which it says would put the university into a select group of top research institutions. The University of Arizona’s Dante Lauretta, lead scientist for NASA’s OSIRIS-REx mission, signals the success and celebrates the triumph after a capsule containing materials from the asteroid Bennu landed in October 2023 on a Utah military range. The successful mission conceived and led by the UA was among the highlights of the university's $1 billion-plus in overall research spending in fiscal year 2024. Those include Stanford University, Duke University, Harvard University, University of California — Los Angeles, University of Florida, University of Michigan and University of North Carolina. “Our faculty members tackle urgent global challenges, from energy and environmental issues to national security, human health and the societal impact of technological change,” said UA President Suresh Garimella, who joined the university on Oct. 1, in announcing the research milestone in a news release Tuesday. Among UA's 2024 research highlights noted by UA: "Retrieving the largest asteroid sample ever brought to Earth, advancing a vaccine for Valley fever to human clinical trial — the world's first against fungal infection to reach this stage — and mitigating the effects of extreme heat." Researchers watch the OSIRIS-REx capsule begin its Utah landing during a watch party in October 2023 at the University of Arizona. The UA will submit its data to the National Science Foundation for review and the official number is set to be confirmed in the fall. This feat in research spending was achieved in the midst of the university’s year-long budget deficit and "financial crisis" revealed by former President Robert C. Robbins in the fall last year. The university continues to rebuild its faculty and staff numbers after layoffs and a temporary hiring freeze, having reduced its year-end projected budget deficit to $63 million from $177 million. "Research is the cornerstone of the University of Arizona's standing as a world-class institution, and our latest rankings reaffirm this excellence," said Tomás Díaz de la Rubia, senior vice president of research and innovation, in the news release. His role at the UA started Nov. 11. The most recent National Science Foundation rankings show the UA: • Spent a total of $955 million on research activity in fiscal year 2023, including more than $356 million in health sciences, which placed the university among the nation’s top 20 public research institutions for the sixth year in a row. • Ranks among the top 4% of 900 universities and colleges invested in research and development. • Has maintained its no. 1 ranking in astronomy and astrophysics since 1987. • Also holds the rankings of No. 2 among public universities for space science, No. 4 in high Hispanic enrollment, No. 6 in NASA-funded activity, No. 7 in physical sciences, No. 20 in overall public universities and No. 36 across all universities, according to the university website . “The scale of our research enterprise provides the capacity to lead multi-institution and interdisciplinary successes like the OSIRIS-REx (asteroid) mission and to pursue revolutionary advancements that will benefit people everywhere, such as personalized medical treatments with the Center for Advanced Molecular and Immunological Therapies,” said Garimella. According to Coco Tirambulo, an M.D./Ph.D. student at the UA College of Medicine — Tucson quoted in the news release, the hope is for the research to produce “transformative solutions for families navigating neurodegenerative diseases.” Reporter Prerana Sannappanavar covers higher education for the Arizona Daily Star and Tucson.com . Contact her at psannappa1@tucson.com . Subscribe to stay connected to Tucson. A subscription helps you access more of the local stories that keep you connected to the community. Want to see more like this? Get our local education coverage delivered directly to your inbox. Higher Education ReporterChina’s economic recovery instills confidence in global growth
Does Billionaire Ken Griffin Know Something Wall Street Doesn't? The Citadel CEO Dumps $750 Million in Microsoft Stock
Fort Lauderdale, FL, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (Nasdaq: RIME) ("Algorhythm” or the "Company”), an AI-driven technology and consumer electronics holding company today announced that it has entered into a definitive agreement with several investors for the purchase and sale of an aggregate of 24,067,388 of the Company's common stock, par value $0.01 per share (the "Common Stock”) at a purchase price of 0.0831 per share in a registered direct offering priced at-the-market under Nasdaq rules. The aggregate gross proceeds to the Company of this offering are expected to be approximately $2 million. The transaction is expected to close on or about December 18, 2024, subject to the satisfaction of customary closing conditions. Univest Securities, LLC is acting as the sole placement agent. The registered direct offering is being made pursuant to a shelf registration statement on Form S-3 (File No. 333-269183) previously filed by the Company and declared effective by the U.S. Securities and Exchange Commission ("SEC”) on January 20, 2023. A final prospectus supplement and accompanying prospectus describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC's website located at http://www.sec.gov . Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, when available, by contacting Univest Securities, LLC at [email protected] , or by calling +1 (212) 343-8888. This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Copies of the prospectus supplement relating to the registered direct offering, together with the accompanying base prospectus will be filed by the Company and, upon filing, can be obtained at the SEC's website at www.sec.gov . About Algorhythm Holdings, Inc. Algorhythm Holdings, Inc. is a holding company with two primary investments. First, the Company owns SemiCab Holdings, an emerging leader in the AI-enabled global logistics industry. Second, the Company owns The Singing Machine Company, the worldwide leader in the consumer karaoke industry. SemiCab is a cloud-based Collaborative Transportation Platform built to achieve the scalability required to predict and optimize millions of loads and hundreds of thousands of trucks. To orchestrate collaboration across manufacturers, retailers, distributors, and their carriers, SemiCab uses real-time data from API-based load tendering and pre-built integrations with TMS and ELD partners. To build fully loaded round trips, SemiCab uses AI/ML predictions and advanced predictive optimization models. On the SemiCab platform, shippers pay less and carriers make more while not having to change a thing. Since 2020, SemiCab has enabled major retailers, brands and transportation providers to address these common supply-chain problems globally. SemiCab's Orchestrated Collaboration TM AI model has proven to increase transportation capacity, improve asset utilization, reduce empty miles, lower logistics costs, and provide visibility into the entire transportation network. Models show the technology has the capability of saving shippers tens of billions of dollars annually through optimization. Further, SemiCab's technology also has the potential to play a key role in the improved sustainability model globally. Based on its proven ability to improve truck utilization rates from 65% to over 90%, this results in a dramatic reduction in the carbon footprint of the industry. The optimization of existing truck utilization can add approximately 30% more trucking capacity without adding more trucks, drivers or driven miles which addresses common problems plaguing the industry like severe driver shortage and road congestion. Trucking optimization could also eliminate approximately 25% of CO2 emissions attributable to road freight. For additional information regarding SemiCab: http://www.semicab.com The Singing Machine Company, Inc. is the worldwide leader in consumer karaoke products. Based in Fort Lauderdale, Florida, and founded over forty years ago, the Company designs and distributes the industry's widest assortment of at-home and in-car karaoke entertainment products. Their portfolio is marketed under both proprietary brands and popular licenses, including Carpool Karaoke and Sesame Street. Singing Machine products incorporate the latest technology and provide access to over 100,000 songs for streaming through its mobile app and select WiFi-capable products and is also developing the world's first globally available, fully integrated in-car karaoke system. The Company also has a new philanthropic initiative, CARE-eoke by Singing Machine, to focus on the social impact of karaoke for children and adults of all ages who would benefit from singing. Their products are sold in over 25,000 locations worldwide, including Amazon, Costco, Sam's Club, Target, and Walmart. To learn more, go to www.singingmachine.com . Forward-Looking Statements Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may,” "will,” "expect,” "anticipate,” "aim,” "estimate,” "intend,” "plan,” "believe,” "potential,” "continue,” "is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and in its other filings with the U.S. Securities and Exchange Commission. Investor Relations Contact: [email protected] www.algoholdings.comSeibert misses an extra point late as the Commanders lose their 3rd in a row, 34-26 to the Cowboys
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