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VERMILLION, S.D. (AP) — Aidan Bouman threw a 25-yard touchdown pass to Javion Phelps with 12 seconds left and South Dakota defeated FCS top-ranked North Dakota State 29-28 on Saturday to claim a share of its first Missouri Valley Football Conference championship. The Coyotes (9-2, 7-1) trailed 28-17 when Bouman threw deep to Jack Martens for a 40-yard touchdown with 3:22 remaining. They got the ball back with 1:16 left and six plays later Bouman was sacked. The Coyotes quickly lined up and Bouman found Phelps alone 2 yards shy of the end zone along the left sideline and he easily scored. South Dakota won its first game against the Bison in Vermillion since a four-overtime thriller in 2002. The Bison had won the last five meetings in the DakotaDome. The Coyotes took a 14-0 lead on two Travis Theis rushing touchdowns but the Bison (10-2, 7-1) tied the game with two scores in the final 2:26 of the first half, a 23-yard pass from Cam Miller to Braylon Henderson and a 3-yard TD run by Miller. Miller scored from 2 yards out late in the third quarter and CharMar Brown completed a 20-play, 99-yard drive that took nearly 11 minutes with a 1-yard score for a 28-17 Bison lead with just over four minutes to go. Bouman was 18-of-30 for 271 yards and two touchdowns. Miller was 9-of-21 passing with one touchdown and he rushed for 82 yards and another score. AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football . Sign up for the AP’s college football newsletter: https://apnews.com/cfbtop25
Mumbai, December 30: Every day brings something new to the stock market. The share market experiences highs and lows every day, with several stocks taking the upper hand while others trade in the negative. Hence, it is crucial to stay informed in the ever-evolving financial world. On Monday, December 30, traders and investors should keep an eye on several key stocks to buy and sell, including small-cap stocks like NHPC (NSE: NHPC), Infibeam Avenues (NSE: INFIBEAM), Cupid (NSE: CUPID), NACL Industries (NSE: NACLIND), MMTC (NSE: MMTC), and Meghmani Organics (NSE: MOL). Stocks such as Tata Chemicals Ltd (NSE: TATACHEM), HDFC Bank Ltd (NSE: HDFCBANK), Tata Motors Ltd (NSE: TATAMOTORS), Can Fin Homes (NSE: CANFINHOME), Dr Reddy's Laboratories (NSE: DRREDDY), and Mahindra & Mahindra (NSE: M&M) should also remain in focus on December 30. Stay informed on the latest developments influencing your investments and the economy with our curated list of stocks to buy or sell as of December 26. From significant index movements and corporate earnings reports to key economic indicators and geopolitical events shaping the market, LatestLY provides you with the essential information that matters most in today’s dynamic financial landscape. Adani Enterprises Share Expected To Rise by 57.8% in 24 Months: Ventura Securities . Small-Cap Stocks To Buy or Sell Under INR 100 on December 30 According to the Livemint , Sugandha Sachdeva suggested buying NHPC (NSE: NHPC) at INR 80, targeting INR 84.50 with a stop loss at INR 78, and Infibeam Avenues (NSE: INFIBEAM) at INR 26, with a target of INR 28.40 and a stop loss at INR 24.60. Mahesh M Ojha recommended buying MMTC (NSE: MMTC) between INR 72-INR 73, with targets of INR 77, INR 82, INR 85, and INR 88, and a stop loss at INR 68, along with Meghmani Organics (NSE: MOL) between INR 76-INR 77.50, targeting INR 82, INR 85, INR 88, and INR 92, and a stop loss at INR 74. Anshul Jain’s picked under INR 100 include Cupid (NSE: CUPID) at INR 77.50, targeting INR 83.50 with a stop loss at INR 74.50, and NACL Industries (NSE: NACLIND) at INR 65, with a target of INR 70 and stop loss at INR 63. Stock Market Today: Share Market Ends Flat, Sensex Settles at 78,472.48, Nifty at 23,750.20; Adani Ports Top Gainer . Shares to Buy or Sell on December 30 As per the media outlet , Ganesh Dongre of Anand Rathi recommended buying Tata Chemicals Ltd (NSE: TATACHEM) at INR 1,050, with a target of INR 1,150 and a stop loss at INR 1,010, HDFC Bank Ltd (NSE: HDFCBANK) at INR 1,800, targeting INR 1,860 with a stop loss at INR 1,760, and Tata Motors (NSE: TATAMOTORS) Ltd at INR 750, with a target of INR 795 and a stop loss at INR 730. While talking to the outlet , Sumeet Bagadia suggested buying Can Fin Homes (NSE: CANFINHOME) at INR 750.55, targeting INR 810 with a stop loss at INR 720, Dr Reddy's Laboratories (NSE: DRREDDY) at INR 1,389.45, with a target of INR 1,500 and a stop loss at INR 1,340, and Mahindra & Mahindra (NSE: M&M) at INR 3,049.45, targeting INR 3,300 with a stop loss at INR 2,900. (The above story first appeared on LatestLY on Dec 30, 2024 08:00 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com ).The Dow Jones Industrial Average (DJIA) lurched into the high side on Monday, kicking the new trading week off with a fresh record high just a hair below the 44,800 handle. Investors bid up prices on rumors that the ongoing conflict between Israel and Hezbollah in Lebanon may have a ceasefire deal on the table. Closer to home, investors turned further bullish after pending president-elect Donald Trump tapped Scott Bessent as his future Treasury secretary when he returns to the White House in January. Investors hit the gas pedal on news that former President Donald Trump will pick Scott Bessent as his Treasury secretary. Scott Bessent is the founder of Key Square Group and a former partner at Soros Fund Management, making Bessent an odd choice for an incoming president who has routinely courted corners of the voting public laden with anti-Soros conspiracy theories.Investors hit the gas pedal on news that former President Donald Trump will pick Scott Bessent as his Treasury secretary. Scott Bessent is the founder of Key Square Group and a former partner at Soros Fund Management, making Bessent an odd choice for an incoming president who has routinely courted corners of the voting public laden with anti-Soros conspiracy theories. Despite equity markets rallying hard on the prospect of incoming President Donald Trump tapping a hedge fund manager for a federal oversight position, a notably bullish appointment for the equity field in general, former President Donald Trump’s track record of making dubious staff picks remains unchallenged: the Key Square Group’s fund performance has a notably volatile history. According to reporting from Reuters, institutional investors have fled Key Square Group in recent years, with the macro-focused hedge fund peaking over $5 billion in AUM in late 2017 and tumbling to a 2024 low of barely over $500 million. Despite Key Square Group opening its doors with seed funding from Soros Capital, Soros has reportedly withdrawn all funding from Bennet’s fund and now has no exposure to the investment vehicle. Although US officials dampening expectations and noting that a ceasefire deal hasn't been officially reached, markets are still optimistic that the geopolitical situation in the Middle East might stabilize later . According to an X (née Twitter) post from an AXIOS reporter, A US-proposed truce between Israel and Lebanon that would see Israeli troops withdraw from South Lebanon is set to be voted on, and presumably approved, by both sides in the coming days. Despite an overall uptick in investor sentiment on the prospect of cooling Middle East instability, Crude markets took a hard hit on the news, with West Texas Intermediate (WTI) US Crude Oil backsliding nearly 3% on Monday to $69/barrel. Dow Jones news Despite an early-week bid pin into a new record high, the Dow Jones is settling into a more reasonable stance for Monday, still trading on the high side but easing back from a record high near 44,800. Two-thirds of the major equity index are finding gains on the day, with the remaining third stuck on the red side of the day’s opening line. Nvidia (NVDA) missed out on Monday’s bullish push, falling another 3.3% and backsliding into $137 per share as investors continue to rebalance their sky-high expectations of the chipmaker. Despite reporting annual revenue growth figures north of 90% last week, bidders in the amorphous AI-tech rally expected more, and are balking at the prospect of Nvidia’s future revenue growth easing from 2025’s 112% forecast to a comparatively sluggish 49% in 2026. Dow Jones price forecast The Dow Jones’ Monday bid into a fresh record high near 44,800 has left the blue-chip index back on the high side of a near-term bull run, shrugging off a recent dip into the low well before any bearish technical could form. The Dow Jones is up nearly 19% bottom-to-top in 2024, and up an eye-watering 32% since daily candlesticks last touched the 200-day Exponential Moving Average (EMA) way back in November of 2023 near the 33,800 region. Dow Jones daily chart Risk sentiment FAQs In the world of financial jargon the two widely used terms “risk-on” and “risk off'' refer to the level of risk that investors are willing to stomach during the period referenced. In a “risk-on” market, investors are optimistic about the future and more willing to buy risky assets. In a “risk-off” market investors start to ‘play it safe’ because they are worried about the future, and therefore buy less risky assets that are more certain of bringing a return, even if it is relatively modest. Typically, during periods of “risk-on”, stock markets will rise, most commodities – except Gold – will also gain in value, since they benefit from a positive growth outlook. The currencies of nations that are heavy commodity exporters strengthen because of increased demand, and Cryptocurrencies rise. In a “risk-off” market, Bonds go up – especially major government Bonds – Gold shines, and safe-haven currencies such as the Japanese Yen, Swiss Franc and US Dollar all benefit. The Australian Dollar (AUD), the Canadian Dollar (CAD), the New Zealand Dollar (NZD) and minor FX like the Ruble (RUB) and the South African Rand (ZAR), all tend to rise in markets that are “risk-on”. This is because the economies of these currencies are heavily reliant on commodity exports for growth, and commodities tend to rise in price during risk-on periods. This is because investors foresee greater demand for raw materials in the future due to heightened economic activity. The major currencies that tend to rise during periods of “risk-off” are the US Dollar (USD), the Japanese Yen (JPY) and the Swiss Franc (CHF). The US Dollar, because it is the world’s reserve currency, and because in times of crisis investors buy US government debt, which is seen as safe because the largest economy in the world is unlikely to default. The Yen, from increased demand for Japanese government bonds, because a high proportion are held by domestic investors who are unlikely to dump them – even in a crisis. The Swiss Franc, because strict Swiss banking laws offer investors enhanced capital protection.New Millennium Group LLC cut its stake in Meta Platforms, Inc. ( NASDAQ:META – Free Report ) by 46.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,754 shares of the social networking company’s stock after selling 3,192 shares during the quarter. Meta Platforms accounts for about 1.4% of New Millennium Group LLC’s portfolio, making the stock its 20th biggest position. New Millennium Group LLC’s holdings in Meta Platforms were worth $2,149,000 as of its most recent filing with the Securities & Exchange Commission. Several other institutional investors and hedge funds have also recently modified their holdings of the stock. West Family Investments Inc. increased its position in shares of Meta Platforms by 21.7% during the third quarter. West Family Investments Inc. now owns 6,844 shares of the social networking company’s stock valued at $3,918,000 after acquiring an additional 1,219 shares during the last quarter. Second Half Financial Partners LLC purchased a new stake in shares of Meta Platforms during the third quarter valued at approximately $702,000. PNC Financial Services Group Inc. increased its position in shares of Meta Platforms by 2.9% during the third quarter. PNC Financial Services Group Inc. now owns 1,250,348 shares of the social networking company’s stock valued at $715,749,000 after acquiring an additional 35,117 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Meta Platforms during the third quarter valued at approximately $116,708,000. Finally, Vance Wealth Inc. increased its position in shares of Meta Platforms by 18.8% during the third quarter. Vance Wealth Inc. now owns 3,414 shares of the social networking company’s stock valued at $1,954,000 after acquiring an additional 541 shares during the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors. Meta Platforms Trading Down 0.7 % Shares of META stock opened at $559.14 on Friday. The business has a 50-day moving average of $572.74 and a 200 day moving average of $523.96. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.73 and a quick ratio of 2.73. Meta Platforms, Inc. has a 1-year low of $313.66 and a 1-year high of $602.95. The stock has a market capitalization of $1.41 trillion, a PE ratio of 26.34, a P/E/G ratio of 1.24 and a beta of 1.22. Meta Platforms Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Monday, September 16th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date was Monday, September 16th. Meta Platforms’s payout ratio is 9.42%. Insider Activity In other Meta Platforms news, CEO Mark Zuckerberg sold 7,975 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $516.36, for a total value of $4,117,971.00. Following the completion of the transaction, the chief executive officer now directly owns 531,884 shares in the company, valued at approximately $274,643,622.24. This represents a 1.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, CAO Aaron Anderson sold 731 shares of Meta Platforms stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $557.00, for a total transaction of $407,167.00. Following the sale, the chief accounting officer now directly owns 3,414 shares in the company, valued at $1,901,598. The trade was a 17.64 % decrease in their position. The disclosure for this sale can be found here . Over the last ninety days, insiders sold 168,843 shares of company stock valued at $92,083,554. Insiders own 13.71% of the company’s stock. Wall Street Analysts Forecast Growth A number of brokerages recently commented on META. Jefferies Financial Group increased their price target on Meta Platforms from $600.00 to $675.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. increased their price objective on Meta Platforms from $640.00 to $660.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft increased their price objective on Meta Platforms from $525.00 to $585.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Morgan Stanley increased their price objective on Meta Platforms from $550.00 to $575.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $670.00 price objective on shares of Meta Platforms in a report on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Meta Platforms presently has an average rating of “Moderate Buy” and an average target price of $634.10. View Our Latest Stock Report on Meta Platforms Meta Platforms Company Profile ( Free Report ) Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately. Read More Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. ( NASDAQ:META – Free Report ). Receive News & Ratings for Meta Platforms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Platforms and related companies with MarketBeat.com's FREE daily email newsletter .
Special counsel moves to dismiss election interference and classified documents cases against Trump WASHINGTON (AP) — Federal prosecutors moved Monday to dismiss the criminal charges against President-elect Donald Trump that accused him of plotting to overturn the 2020 election and to abandon the classified documents case against him, citing longst Alanna Durkin Richer And Eric Tucker, The Associated Press Nov 25, 2024 11:18 AM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message FILE - Special counsel Jack Smith speaks to the media about an indictment of former President Donald Trump, Aug. 1, 2023, at an office of the Department of Justice in Washington. (AP Photo/J. Scott Applewhite, File) WASHINGTON (AP) — Federal prosecutors moved Monday to dismiss the criminal charges against President-elect Donald Trump that accused him of plotting to overturn the 2020 election and to abandon the classified documents case against him, citing longstanding Justice Department policy that says sitting presidents cannot face criminal prosecution. The decision by special counsel Jack Smith, who had fiercely sought to hold Trump criminally accountable for his efforts to subvert the 2020 election, represented the end of the federal effort against the former president following his election victory this month despite the election-related cases and multiple other unrelated criminal charges against him and is headed back to the White House. The decision, revealed in court filings, also amounts to a predictable but nonetheless stunning conclusion to criminal cases that had been seen as the most perilous of the multiple legal threats Trump has faced. It reflects the practical consequences of Trump’s victory, ensuring he enters office free from scrutiny over his hoarding of top secret documents and his efforts to overturn the 2020 presidential election he lost to Democrat Joe Biden. Smith’s team emphasized that the move to abandon the prosecutions, in federal courts in Washington and Florida, was not a reflection of their view on the merits of the cases but rather a reflection of their commitment to longstanding department policy. “That prohibition is categorical and does not turn on the gravity of the crimes charged, the strength of the Government’s proof, or the merits of the prosecution, which the Government stands fully behind,” the prosecutors wrote in Monday’s court filing in the election interference case. The decision was expected after Smith's team began assessing how to wind down both the 2020 election interference case and the separate classified documents case in the wake of Trump's victory over Vice President Kamala Harris. The Justice Department believes Trump can no longer be tried in accordance with longstanding policy that says sitting presidents cannot be prosecuted. Trump has cast both cases as politically motivated, and had vowed to fire Smith as soon as he takes office in January. The 2020 election case brought last year was once seen as one of the most serious legal threats facing the Republican as he vied to reclaim the White House. But it quickly stalled amid legal fighting over Trump’s sweeping claims of immunity from prosecution for acts he took while in the White House. The U.S. Supreme Court in July ruled for the first time that former presidents have broad immunity from prosecution, and sent the case back to U.S. District Judge Tanya Chutkan to determine which allegations in the indictment, if any, could proceed to trial. The case was just beginning to pick up steam again in the trial court in the weeks leading up to this year’s election. Smith’s team in October filed a lengthy brief laying out new evidence they planned to use against him at trial, accusing him of using “resorting to crimes” in an increasingly desperate effort to overturn the will of voters after he lost to Biden. ___ Associated Press writer Colleen Long contributed to this story. Alanna Durkin Richer And Eric Tucker, The Associated Press See a typo/mistake? Have a story/tip? This has been shared 0 times 0 Shares Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message More World News Special counsel moves to dismiss election interference case against President-elect Donald Trump Nov 25, 2024 10:28 AM UK authorities charge a man in last week's bomb hoax at the US Embassy Nov 25, 2024 8:33 AM UK authorities charge a man in last week's bomb hoax at the US Embassy Nov 25, 2024 8:27 AM Featured Flyer‘1/3rd of registered pesticides in India hazardous’
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VERMILLION, S.D. (AP) — Aidan Bouman threw a 25-yard touchdown pass to Javion Phelps with 12 seconds left and South Dakota defeated FCS top-ranked North Dakota State 29-28 on Saturday to claim a share of its first Missouri Valley Football Conference championship. The Coyotes (9-2, 7-1) trailed 28-17 when Bouman threw deep to Jack Martens for a 40-yard touchdown with 3:22 remaining. They got the ball back with 1:16 left and six plays later Bouman was sacked. The Coyotes quickly lined up and Bouman found Phelps alone 2 yards shy of the end zone along the left sideline and he easily scored. South Dakota won its first game against the Bison in Vermillion since a four-overtime thriller in 2002. The Bison had won the last five meetings in the DakotaDome. The Coyotes took a 14-0 lead on two Travis Theis rushing touchdowns but the Bison (10-2, 7-1) tied the game with two scores in the final 2:26 of the first half, a 23-yard pass from Cam Miller to Braylon Henderson and a 3-yard TD run by Miller. Miller scored from 2 yards out late in the third quarter and CharMar Brown completed a 20-play, 99-yard drive that took nearly 11 minutes with a 1-yard score for a 28-17 Bison lead with just over four minutes to go. Bouman was 18-of-30 for 271 yards and two touchdowns. Miller was 9-of-21 passing with one touchdown and he rushed for 82 yards and another score. AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football . Sign up for the AP’s college football newsletter: https://apnews.com/cfbtop25
Mumbai, December 30: Every day brings something new to the stock market. The share market experiences highs and lows every day, with several stocks taking the upper hand while others trade in the negative. Hence, it is crucial to stay informed in the ever-evolving financial world. On Monday, December 30, traders and investors should keep an eye on several key stocks to buy and sell, including small-cap stocks like NHPC (NSE: NHPC), Infibeam Avenues (NSE: INFIBEAM), Cupid (NSE: CUPID), NACL Industries (NSE: NACLIND), MMTC (NSE: MMTC), and Meghmani Organics (NSE: MOL). Stocks such as Tata Chemicals Ltd (NSE: TATACHEM), HDFC Bank Ltd (NSE: HDFCBANK), Tata Motors Ltd (NSE: TATAMOTORS), Can Fin Homes (NSE: CANFINHOME), Dr Reddy's Laboratories (NSE: DRREDDY), and Mahindra & Mahindra (NSE: M&M) should also remain in focus on December 30. Stay informed on the latest developments influencing your investments and the economy with our curated list of stocks to buy or sell as of December 26. From significant index movements and corporate earnings reports to key economic indicators and geopolitical events shaping the market, LatestLY provides you with the essential information that matters most in today’s dynamic financial landscape. Adani Enterprises Share Expected To Rise by 57.8% in 24 Months: Ventura Securities . Small-Cap Stocks To Buy or Sell Under INR 100 on December 30 According to the Livemint , Sugandha Sachdeva suggested buying NHPC (NSE: NHPC) at INR 80, targeting INR 84.50 with a stop loss at INR 78, and Infibeam Avenues (NSE: INFIBEAM) at INR 26, with a target of INR 28.40 and a stop loss at INR 24.60. Mahesh M Ojha recommended buying MMTC (NSE: MMTC) between INR 72-INR 73, with targets of INR 77, INR 82, INR 85, and INR 88, and a stop loss at INR 68, along with Meghmani Organics (NSE: MOL) between INR 76-INR 77.50, targeting INR 82, INR 85, INR 88, and INR 92, and a stop loss at INR 74. Anshul Jain’s picked under INR 100 include Cupid (NSE: CUPID) at INR 77.50, targeting INR 83.50 with a stop loss at INR 74.50, and NACL Industries (NSE: NACLIND) at INR 65, with a target of INR 70 and stop loss at INR 63. Stock Market Today: Share Market Ends Flat, Sensex Settles at 78,472.48, Nifty at 23,750.20; Adani Ports Top Gainer . Shares to Buy or Sell on December 30 As per the media outlet , Ganesh Dongre of Anand Rathi recommended buying Tata Chemicals Ltd (NSE: TATACHEM) at INR 1,050, with a target of INR 1,150 and a stop loss at INR 1,010, HDFC Bank Ltd (NSE: HDFCBANK) at INR 1,800, targeting INR 1,860 with a stop loss at INR 1,760, and Tata Motors (NSE: TATAMOTORS) Ltd at INR 750, with a target of INR 795 and a stop loss at INR 730. While talking to the outlet , Sumeet Bagadia suggested buying Can Fin Homes (NSE: CANFINHOME) at INR 750.55, targeting INR 810 with a stop loss at INR 720, Dr Reddy's Laboratories (NSE: DRREDDY) at INR 1,389.45, with a target of INR 1,500 and a stop loss at INR 1,340, and Mahindra & Mahindra (NSE: M&M) at INR 3,049.45, targeting INR 3,300 with a stop loss at INR 2,900. (The above story first appeared on LatestLY on Dec 30, 2024 08:00 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com ).The Dow Jones Industrial Average (DJIA) lurched into the high side on Monday, kicking the new trading week off with a fresh record high just a hair below the 44,800 handle. Investors bid up prices on rumors that the ongoing conflict between Israel and Hezbollah in Lebanon may have a ceasefire deal on the table. Closer to home, investors turned further bullish after pending president-elect Donald Trump tapped Scott Bessent as his future Treasury secretary when he returns to the White House in January. Investors hit the gas pedal on news that former President Donald Trump will pick Scott Bessent as his Treasury secretary. Scott Bessent is the founder of Key Square Group and a former partner at Soros Fund Management, making Bessent an odd choice for an incoming president who has routinely courted corners of the voting public laden with anti-Soros conspiracy theories.Investors hit the gas pedal on news that former President Donald Trump will pick Scott Bessent as his Treasury secretary. Scott Bessent is the founder of Key Square Group and a former partner at Soros Fund Management, making Bessent an odd choice for an incoming president who has routinely courted corners of the voting public laden with anti-Soros conspiracy theories. Despite equity markets rallying hard on the prospect of incoming President Donald Trump tapping a hedge fund manager for a federal oversight position, a notably bullish appointment for the equity field in general, former President Donald Trump’s track record of making dubious staff picks remains unchallenged: the Key Square Group’s fund performance has a notably volatile history. According to reporting from Reuters, institutional investors have fled Key Square Group in recent years, with the macro-focused hedge fund peaking over $5 billion in AUM in late 2017 and tumbling to a 2024 low of barely over $500 million. Despite Key Square Group opening its doors with seed funding from Soros Capital, Soros has reportedly withdrawn all funding from Bennet’s fund and now has no exposure to the investment vehicle. Although US officials dampening expectations and noting that a ceasefire deal hasn't been officially reached, markets are still optimistic that the geopolitical situation in the Middle East might stabilize later . According to an X (née Twitter) post from an AXIOS reporter, A US-proposed truce between Israel and Lebanon that would see Israeli troops withdraw from South Lebanon is set to be voted on, and presumably approved, by both sides in the coming days. Despite an overall uptick in investor sentiment on the prospect of cooling Middle East instability, Crude markets took a hard hit on the news, with West Texas Intermediate (WTI) US Crude Oil backsliding nearly 3% on Monday to $69/barrel. Dow Jones news Despite an early-week bid pin into a new record high, the Dow Jones is settling into a more reasonable stance for Monday, still trading on the high side but easing back from a record high near 44,800. Two-thirds of the major equity index are finding gains on the day, with the remaining third stuck on the red side of the day’s opening line. Nvidia (NVDA) missed out on Monday’s bullish push, falling another 3.3% and backsliding into $137 per share as investors continue to rebalance their sky-high expectations of the chipmaker. Despite reporting annual revenue growth figures north of 90% last week, bidders in the amorphous AI-tech rally expected more, and are balking at the prospect of Nvidia’s future revenue growth easing from 2025’s 112% forecast to a comparatively sluggish 49% in 2026. Dow Jones price forecast The Dow Jones’ Monday bid into a fresh record high near 44,800 has left the blue-chip index back on the high side of a near-term bull run, shrugging off a recent dip into the low well before any bearish technical could form. The Dow Jones is up nearly 19% bottom-to-top in 2024, and up an eye-watering 32% since daily candlesticks last touched the 200-day Exponential Moving Average (EMA) way back in November of 2023 near the 33,800 region. Dow Jones daily chart Risk sentiment FAQs In the world of financial jargon the two widely used terms “risk-on” and “risk off'' refer to the level of risk that investors are willing to stomach during the period referenced. In a “risk-on” market, investors are optimistic about the future and more willing to buy risky assets. In a “risk-off” market investors start to ‘play it safe’ because they are worried about the future, and therefore buy less risky assets that are more certain of bringing a return, even if it is relatively modest. Typically, during periods of “risk-on”, stock markets will rise, most commodities – except Gold – will also gain in value, since they benefit from a positive growth outlook. The currencies of nations that are heavy commodity exporters strengthen because of increased demand, and Cryptocurrencies rise. In a “risk-off” market, Bonds go up – especially major government Bonds – Gold shines, and safe-haven currencies such as the Japanese Yen, Swiss Franc and US Dollar all benefit. The Australian Dollar (AUD), the Canadian Dollar (CAD), the New Zealand Dollar (NZD) and minor FX like the Ruble (RUB) and the South African Rand (ZAR), all tend to rise in markets that are “risk-on”. This is because the economies of these currencies are heavily reliant on commodity exports for growth, and commodities tend to rise in price during risk-on periods. This is because investors foresee greater demand for raw materials in the future due to heightened economic activity. The major currencies that tend to rise during periods of “risk-off” are the US Dollar (USD), the Japanese Yen (JPY) and the Swiss Franc (CHF). The US Dollar, because it is the world’s reserve currency, and because in times of crisis investors buy US government debt, which is seen as safe because the largest economy in the world is unlikely to default. The Yen, from increased demand for Japanese government bonds, because a high proportion are held by domestic investors who are unlikely to dump them – even in a crisis. The Swiss Franc, because strict Swiss banking laws offer investors enhanced capital protection.New Millennium Group LLC cut its stake in Meta Platforms, Inc. ( NASDAQ:META – Free Report ) by 46.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,754 shares of the social networking company’s stock after selling 3,192 shares during the quarter. Meta Platforms accounts for about 1.4% of New Millennium Group LLC’s portfolio, making the stock its 20th biggest position. New Millennium Group LLC’s holdings in Meta Platforms were worth $2,149,000 as of its most recent filing with the Securities & Exchange Commission. Several other institutional investors and hedge funds have also recently modified their holdings of the stock. West Family Investments Inc. increased its position in shares of Meta Platforms by 21.7% during the third quarter. West Family Investments Inc. now owns 6,844 shares of the social networking company’s stock valued at $3,918,000 after acquiring an additional 1,219 shares during the last quarter. Second Half Financial Partners LLC purchased a new stake in shares of Meta Platforms during the third quarter valued at approximately $702,000. PNC Financial Services Group Inc. increased its position in shares of Meta Platforms by 2.9% during the third quarter. PNC Financial Services Group Inc. now owns 1,250,348 shares of the social networking company’s stock valued at $715,749,000 after acquiring an additional 35,117 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Meta Platforms during the third quarter valued at approximately $116,708,000. Finally, Vance Wealth Inc. increased its position in shares of Meta Platforms by 18.8% during the third quarter. Vance Wealth Inc. now owns 3,414 shares of the social networking company’s stock valued at $1,954,000 after acquiring an additional 541 shares during the last quarter. 79.91% of the stock is owned by hedge funds and other institutional investors. Meta Platforms Trading Down 0.7 % Shares of META stock opened at $559.14 on Friday. The business has a 50-day moving average of $572.74 and a 200 day moving average of $523.96. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.73 and a quick ratio of 2.73. Meta Platforms, Inc. has a 1-year low of $313.66 and a 1-year high of $602.95. The stock has a market capitalization of $1.41 trillion, a PE ratio of 26.34, a P/E/G ratio of 1.24 and a beta of 1.22. Meta Platforms Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Monday, September 16th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date was Monday, September 16th. Meta Platforms’s payout ratio is 9.42%. Insider Activity In other Meta Platforms news, CEO Mark Zuckerberg sold 7,975 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $516.36, for a total value of $4,117,971.00. Following the completion of the transaction, the chief executive officer now directly owns 531,884 shares in the company, valued at approximately $274,643,622.24. This represents a 1.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, CAO Aaron Anderson sold 731 shares of Meta Platforms stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $557.00, for a total transaction of $407,167.00. Following the sale, the chief accounting officer now directly owns 3,414 shares in the company, valued at $1,901,598. The trade was a 17.64 % decrease in their position. The disclosure for this sale can be found here . Over the last ninety days, insiders sold 168,843 shares of company stock valued at $92,083,554. Insiders own 13.71% of the company’s stock. Wall Street Analysts Forecast Growth A number of brokerages recently commented on META. Jefferies Financial Group increased their price target on Meta Platforms from $600.00 to $675.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. increased their price objective on Meta Platforms from $640.00 to $660.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft increased their price objective on Meta Platforms from $525.00 to $585.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Morgan Stanley increased their price objective on Meta Platforms from $550.00 to $575.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $670.00 price objective on shares of Meta Platforms in a report on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-five have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Meta Platforms presently has an average rating of “Moderate Buy” and an average target price of $634.10. View Our Latest Stock Report on Meta Platforms Meta Platforms Company Profile ( Free Report ) Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately. Read More Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. ( NASDAQ:META – Free Report ). Receive News & Ratings for Meta Platforms Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Platforms and related companies with MarketBeat.com's FREE daily email newsletter .
Special counsel moves to dismiss election interference and classified documents cases against Trump WASHINGTON (AP) — Federal prosecutors moved Monday to dismiss the criminal charges against President-elect Donald Trump that accused him of plotting to overturn the 2020 election and to abandon the classified documents case against him, citing longst Alanna Durkin Richer And Eric Tucker, The Associated Press Nov 25, 2024 11:18 AM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message FILE - Special counsel Jack Smith speaks to the media about an indictment of former President Donald Trump, Aug. 1, 2023, at an office of the Department of Justice in Washington. (AP Photo/J. Scott Applewhite, File) WASHINGTON (AP) — Federal prosecutors moved Monday to dismiss the criminal charges against President-elect Donald Trump that accused him of plotting to overturn the 2020 election and to abandon the classified documents case against him, citing longstanding Justice Department policy that says sitting presidents cannot face criminal prosecution. The decision by special counsel Jack Smith, who had fiercely sought to hold Trump criminally accountable for his efforts to subvert the 2020 election, represented the end of the federal effort against the former president following his election victory this month despite the election-related cases and multiple other unrelated criminal charges against him and is headed back to the White House. The decision, revealed in court filings, also amounts to a predictable but nonetheless stunning conclusion to criminal cases that had been seen as the most perilous of the multiple legal threats Trump has faced. It reflects the practical consequences of Trump’s victory, ensuring he enters office free from scrutiny over his hoarding of top secret documents and his efforts to overturn the 2020 presidential election he lost to Democrat Joe Biden. Smith’s team emphasized that the move to abandon the prosecutions, in federal courts in Washington and Florida, was not a reflection of their view on the merits of the cases but rather a reflection of their commitment to longstanding department policy. “That prohibition is categorical and does not turn on the gravity of the crimes charged, the strength of the Government’s proof, or the merits of the prosecution, which the Government stands fully behind,” the prosecutors wrote in Monday’s court filing in the election interference case. The decision was expected after Smith's team began assessing how to wind down both the 2020 election interference case and the separate classified documents case in the wake of Trump's victory over Vice President Kamala Harris. The Justice Department believes Trump can no longer be tried in accordance with longstanding policy that says sitting presidents cannot be prosecuted. Trump has cast both cases as politically motivated, and had vowed to fire Smith as soon as he takes office in January. The 2020 election case brought last year was once seen as one of the most serious legal threats facing the Republican as he vied to reclaim the White House. But it quickly stalled amid legal fighting over Trump’s sweeping claims of immunity from prosecution for acts he took while in the White House. The U.S. Supreme Court in July ruled for the first time that former presidents have broad immunity from prosecution, and sent the case back to U.S. District Judge Tanya Chutkan to determine which allegations in the indictment, if any, could proceed to trial. The case was just beginning to pick up steam again in the trial court in the weeks leading up to this year’s election. Smith’s team in October filed a lengthy brief laying out new evidence they planned to use against him at trial, accusing him of using “resorting to crimes” in an increasingly desperate effort to overturn the will of voters after he lost to Biden. ___ Associated Press writer Colleen Long contributed to this story. Alanna Durkin Richer And Eric Tucker, The Associated Press See a typo/mistake? Have a story/tip? This has been shared 0 times 0 Shares Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message More World News Special counsel moves to dismiss election interference case against President-elect Donald Trump Nov 25, 2024 10:28 AM UK authorities charge a man in last week's bomb hoax at the US Embassy Nov 25, 2024 8:33 AM UK authorities charge a man in last week's bomb hoax at the US Embassy Nov 25, 2024 8:27 AM Featured Flyer‘1/3rd of registered pesticides in India hazardous’