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NoneBitcoin catapulted above US$100,000 (NZ$170,000) for the first time on Thursday (US time), a milestone hailed even by sceptics as a coming-of-age for digital assets as investors bet on a friendly US administration to cement the place of cryptocurrencies in financial markets. Once it broke US$100,000 in Thursday's Asian morning, boosted by US President-elect Trump's nomination of pro-crypto Paul Atkins to run the Securities and Exchange Commission, it was soon at an all-time high of US$103,619 (NZ$176,000). It last fetched US$101,139 ($NZ172,000), up about 3.2 percent on the day. The total value of the cryptocurrency market has almost doubled over the year so far to hit a record over $3.8 trillion (NZ$6.46t) according to data provider CoinGecko. By comparison, Apple alone is worth about $3.7t (NZ$3.6t). Bitcoin's march from the libertarian fringe to Wall Street has minted millionaires, a new asset class and popularised the concept of "decentralised finance" in a volatile and often controversial period since its creation 16 years ago. Bitcoin has more than doubled in value this year and is up more than 50 percent in the four weeks since Donald Trump's sweeping election victory, which also saw a slew of pro-crypto lawmakers being elected to Congress. "CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU-RE WELCOME!!! Together, we will Make America Great Again!" Trump said on Truth Social, his social media network, on Thursday. "We're witnessing a paradigm shift," said Mike Novogratz, founder and CEO of US crypto firm Galaxy Digital. "Bitcoin and the entire digital asset ecosystem are on the brink of entering the financial mainstream - this momentum is fuelled by institutional adoption, advancements in tokenisation and payments, and a clearer regulatory path." Trump - who once labelled crypto a scam - embraced digital assets during his campaign, promising to make the United States the "crypto capital of the planet" and to accumulate a national stockpile of bitcoin. "We were trading basically sideways for about seven months, then immediately after 5 November, US investors resumed buying hand-over-fist," said Joe McCann, CEO and founder of Asymmetric, a Miami digital assets hedge fund. Bitcoin's proponents cheered Trump's nomination of Atkins to the SEC. A former SEC commissioner, Atkins has been involved in crypto policy as co-chair of the Token Alliance, which works to "develop best practices for digital asset issuances and trading platforms," and the Chamber of Digital Commerce. "Atkins will offer a new perspective, anchored by a deep understanding of the digital asset ecosystem," said Blockchain Association CEO Kristin Smith. "We look forward to working with him ... and ushering in - together - a new wave of American crypto innovation." A slew of crypto companies including Ripple, Kraken and Circle are also jostling for a seat on Trump's promised crypto advisory council. Part of the landscape Bitcoin has proven a survivor through precipitous downturns. Its move into six-figure territory is a remarkable comeback from a dip below $16,000 (NZ$27,200) in 2022 when the industry was reeling from the collapse of the FTX exchange . Founder Sam Bankman-Fried was subsequently jailed . Analysts say the growing embrace of bitcoin by big investors this year has been a driving force behind the record-breaking rally. US-listed bitcoin exchange-traded funds were approved in January and have been a conduit for large-scale buying, with more than $4b (NZ$6.8b) streaming into these funds since the election. "Roughly 3 percent of the total supply of bitcoins that will ever exist have been purchased in 2024 by institutional money," said Geoff Kendrick, global head of digital assets research at Standard Chartered. "Digital assets, as an asset class, is becoming normalised," he said. It is already becoming increasingly financialised, with the launch of bitcoin futures in 2017 and a strong debut for options on BlackRock's ETF in November. Crypto-related stocks have soared along with the bitcoin price, with shares in bitcoin miner MARA Holdings and exchange operator Coinbase each up around 65 percent in November. Software firm Microstrategy, which has repeatedly raised funds to buy bitcoin and held an aggregate of about 402,100 bitcoins as of 1 December, has gained around 540 percent this year. Trump himself unveiled a new crypto business, World Liberty Financial, in September, although details have been scarce and billionaire Elon Musk, a major Trump ally, is also a proponent of cryptocurrencies. Some say the asset remains a speculative or investment vehicle and not an instrument for payments. On Wednesday, Federal Reserve Chair Jerome Powell likened bitcoin to gold, "only its virtual, its digital". "People are not using it as a form of payment, or as a store of value. It's highly volatile, it's not a competitor for the dollar." While earlier big bitcoin rallies have been followed by significant pullbacks, its wider adoption now may help tamp down volatility, analysts said. "That is not to say that there will not be 30-50 percent drawdowns over time, but my base case is that the nature of the drawdowns will be less severe than what we saw in the last bear market," Sean Farrell, head of digital asset strategy at Fundstrat Global Advisors, said. "Passive flows into ETFs, a liquid options market, corporate treasury adoption, and nation state adoption will likely play a large role in dampening volatility," Farrell said. 'Who can prohibit it?' Cryptocurrencies have been criticised for their massive energy consumption and use in crime around the world, and the underlying technology is far from delivering a revolution in the way money moves around the globe. The US and Britain announced on Wednesday they had disrupted what they described as a global money laundering ring which used cryptocurrency to help rich Russians to evade sanctions and launder cash for drug traffickers. Although calculations vary, the Cambridge University Centre for Alternative Finance estimates bitcoin uses around the same amount of electricity each year as Poland or South Africa. Still, as Russian President Vladimir Putin pointed out at an investment conference on Wednesday: "Who can prohibit it? No one." And its longevity is perhaps testament to a degree of resilience. "As time goes by it's proving itself as part of the financial landscape," said Shane Oliver, chief economist and head of investment strategy at AMP in Sydney. "I find it very hard to value it... it's anyone's guess. But it does have a momentum aspect to it and at the moment the momentum is up." - Reuters
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Black Friday is almost here, and with it comes the promise of deep discounts on the most coveted tech gadgets, especially TVs. Whether you’re a cinephile yearning for a cinematic experience, a gamer craving immersive visuals, or simply looking to upgrade your tired old television, this Black Friday is your chance to score a fantastic deal on a brand-new TV. This guide dives deep into the best Black Friday TV deals for 2023, focusing on top brands like Samsung, Roku, Sony, LG, Hisense, and TCL. We’ll navigate the maze of deals, highlight the standout offers, and equip you with the knowledge to make an informed decision. Why Black Friday? It’s simple. Retailers offer their steepest discounts of the year during this shopping extravaganza. This means you can snag that high-end OLED TV you’ve been eyeing or finally upgrade to a bigger screen size without breaking the bank. But with a multitude of deals flooding the market, it can be overwhelming to sift through the noise and identify the true gems. That’s where we come in. We’ve done the heavy lifting, scouring the internet and analyzing early Black Friday ads to bring you a curated selection of the very best TV deals. What to Expect from Black Friday TV Deals in 2023 This year, expect to see significant price drops across all TV categories. Doorbuster deals will likely feature incredible discounts on entry-level and mid-range 4K TVs, making them more accessible than ever. Premium TVs, including OLED and QLED models with cutting-edge features like HDR and Dolby Vision, will also see substantial price reductions, though these deals might be limited in quantity. Key Trends: Top Brands and Expected Deals Samsung: Known for their vibrant QLED displays and feature-rich smart TVs , Samsung consistently offers some of the most compelling Black Friday deals. Expect significant discounts on their popular QLED models, including The Frame and Neo QLED TVs. My Experience: I’ve always been a fan of Samsung’s picture quality. Last year, I snagged a fantastic deal on a QLED during Black Friday, and the color vibrancy still blows me away. Roku: Roku TVs offer a user-friendly smart TV experience with a vast selection of streaming apps. Expect aggressive price cuts on various Roku TV models from brands like TCL, Hisense, and Sharp, making them an excellent choice for budget-conscious shoppers. Sony: Sony excels in picture quality and sound, particularly with their Bravia XR OLED TVs. While Sony TVs tend to be pricier, Black Friday offers a chance to score high-end models with impressive discounts. Keep an eye out for deals on their A80K and X90K series. LG: LG is a leader in OLED technology, renowned for their stunning picture quality with perfect blacks and infinite contrast. Black Friday is an opportune time to invest in an LG OLED TV, especially their C2 and G2 series, which are likely to see significant price drops. Hisense: Hisense offers a compelling combination of affordability and features. Their ULED TVs, featuring quantum dot technology, deliver excellent picture quality at competitive prices. Look for attractive deals on their U6H and U8H series. TCL: TCL has rapidly gained popularity for its value-packed TVs that offer impressive features without the premium price tag. Their 6-Series Roku TVs, known for their excellent picture quality and robust smart features, are likely to be among the most sought-after deals this Black Friday. Pro Tip: To stay ahead of the game, sign up for email alerts from your favorite retailers and follow their social media pages for early access to Black Friday deals. Decoding TV Jargon: A Quick Guide Navigating the world of TVs can be daunting with a plethora of technical terms . Here’s a quick breakdown of some common jargon to help you make sense of the deals: Tips for Snagging the Best Black Friday TV Deals My Tip: Don’t be afraid to haggle! Sometimes, retailers are willing to match or even beat a competitor’s price. Beyond the Price: Factors to Consider While price is a significant factor, it shouldn’t be the sole determinant. Here are some other crucial aspects to consider: Black Friday TV Deals: Where to Look Remember: Deals can change rapidly during Black Friday. Stay vigilant, compare prices, and be ready to act fast to secure the best offers. By following these tips and staying informed, you can navigate the Black Friday frenzy and score an amazing deal on the TV of your dreams. Happy shopping!
TORONTO — Canada's main stock index rose Friday, helped by strength in industrial stocks, while U.S. markets also posted gains to end the week. The S&P/TSX composite index closed up 53.60 points at 25,444.28. In New York, the Dow Jones industrial average was up 426.16 points at 44,296.51. The S&P 500 index was up 20.63 points at 5,969.34, while the Nasdaq composite was up 31.23 points at 19,003.65. Markets ended the week on a calmer note, almost two weeks after the election of Donald Trump in the U.S. set investors on a rally. The S&P 500 ended the day within about 0.5 per cent of the all-time high it set last week. “It just seems like more of the same, that the market’s still in a pretty positive setting coming out of the election,” said Greg Taylor, chief investment officer at Purpose Investments. This week also saw the latest earnings from semiconductor giant Nvidia, which beat expectations but weren’t enough to impress markets. Nvidia made a small gain Thursday and was down more than three per cent Friday. The Dow outperformed its U.S. peers again Friday, rising one per cent, while the S&P 500 was up 0.35 per cent and the Nasdaq gained just 0.16 per cent. Taylor said markets have been undergoing a rotation not just away from the big tech names and into other sectors, but also within the tech sector, and into areas like software. “We’re certainly seeing the broader market ... starting to do a lot better post the Trump win,” he said, adding it’s “just a nice way to end the year,” which was largely dominated by gains in the major tech names because of artificial intelligence. Target’s earnings miss earlier in the week prompted the retailer’s stock to drop, but Taylor said the market has been taking that news as company-specific rather than as an indicator of consumer behaviour. “In some situations, you’d say that’s a negative sign of the economy,” he said. In contrast, Walmart's earnings this week were strong, as was its forecast. Bitcoin continued its meteoric post-election rise, hovering around US$99,000, according to CoinDesk. The Canadian dollar traded for 71.54 cents US compared with 71.63 cents US on Thursday. The January crude oil contract was up US$1.14 at US$71.24 per barrel and the January natural gas contract was down 19 cents at US$3.29 per mmBTU. The December gold contract was up US$37.30 at US$2,712.20 an ounce and the December copper contract was down four cents at US$4.09 a pound. -- With files from The Associated Press This report by The Canadian Press was first published Nov. 22, 2024. Companies in this story: (TSX:GSPTSE, TSX:CADUSD) Rosa Saba, The Canadian PressNo. 1 South Carolina experiences rare sting of lossSaving the planet isn’t as squeaky clean as it’s hyped to be – as some quarters of the green energy sector have been morphing as hotspot for carbon emissions trading scams and potential money laundering havens, leaving well-intentioned investors caught into the crossfire of the ‘dirty hustles’ of shady players who are just out to make a quick buck. Just recently, the green energy world was shaken by a multi-billion-dollar fraud – when a German firm's investment in carbon emissions reduction anchored on the installation of energy-efficient technologies at an oil field in China—was exposed as a massive scam; as the supposed investment was nothing more than a paper trail of fabricated documents. The Philippines is among the economies in the world with bold decarbonization strategies - not just with massive renewable energy (RE) installations, but also with ambitious net zero targets of businesses and a comprehensive drive for a low-carbon economy that cuts through various industries. On the policy front, carbon emissions trading is getting a full-throttle push from many relevant stakeholders, while the Philippine electricity spot market has just recently rolled out the commercialization of renewable energy (RE) certificates trading —an innovative incentive mechanism within the green finance sphere; which is designed to entice fresh wave of capital into clean energy investments. Deceptive power play With growing concerns over scams and potential money laundering activities in the clean energy sector, the Philippines faces a critical question: how exposed is the country to these perilous fraudulent schemes that could then undermine its honest-to-goodness energy transition agenda? Sources from global banks have been warning that countries with fragile financial systems are prime targets for dubious money—often streamed into renewable energy and clean technology investments. Similarly, economies with loose carbon emissions trading protocols and limited expertise are ripe for exploitation—and unfortunately, the Philippines still finds itself dangerously classified in both of these high-risk categories. At this stage, the Independent Electricity Market Operator of the Philippines (IEMOP) qualified that trading of renewable energy (RE) certificates will initially be limited to the renewable portfolio standards (RPS) compliance of mandated players in the domestic scene, thus, minimizing immediate risk of exploitation by offshore buyers. However, the long-term strategy must be approached with caution and rigorous analysis, especially if the country eventually opens the market to international purchasers, which could expose the RE market to greater vulnerabilities. Beyond that, the Department of Environment and Natural Resources (DENR) has a broader plan for future carbon emissions trading, but this policy is still in the works – hence, leaving some fog of uncertainty as well as many ‘unknowns’ that even industry players are still scrambling to understand. By design, carbon credit trading is meant to drive companies to cut emissions by allowing them to trade unused credits—but as the market grows, so does the window of opportunity for fraudsters to exploit the system for their own gain. As already evident, shady companies or operators have discovered loopholes to manipulate carbon credits and emissions reduction – with them either resorting to falsifying data, inflating credits, or peddling non-existent carbon allowances—and these scams are notoriously hard to trace, because typically, the entire trading process relies on intangible assets that could then allow fraudulent activity to be buried beneath layers of red tape and convoluted paperwork. Another escalating fear in the 'green finance' world is the influx of sketchy capital - whether from money laundering or terrorist financing; because when these illicit funds are funneled into new companies, the quickest escape for dodgy players is to pour them into clean energy investments, be it for renewable energy and decarbonization projects to energy efficiency ventures, all while obscuring their true origins behind a green façade. Bank sources explained that money laundering in green investments would typically involve criminal or terrorist-leaning organizations as well as corrupt individuals or politicians who may inject money into businesses under the guise of green investment – and these projects could range everything from solar farms to wind energy installations, and even fake carbon offset schemes. Typically, these projects are packaged as ‘legitimate investments’ – with all the warranted certifications and service contracts, but in reality, they serve as a smokescreen for washing dirty money. These shady deals are already happening in many parts of the world – be it in Asian energy markets, Latin America and many African countries, hence, the intensified call on policymakers and regulators to enforce rules and policies that can invoke transparency into carbon markets – ensuring that emission reductions are accurately reported and there shall be robust verification process and stringent auditing systems; and that green projects are properly vetted, including the fund sources as well as the ultimate beneficial owners of companies, especially those that have layered corporate registrations across various countries. Then for regulators in the country’s financial system, policies must be enforced to close the gap as well as recalibrate the ‘grey areas’ and blind spots in the prevailing money laundering law; then improve the monitoring of financial transactions in the green investment space.
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ALBUQUERQUE, N.M. (AP) — Jurors in New Mexico have awarded a man more than $412 million in a medical malpractice case that involved a men’s health clinic that operates in several states. The man’s attorneys celebrated Monday’s verdict, saying they are hopeful it will prevent other men from falling victim to a scheme that involved fraud and what they described as dangerous penile injections. They said the jury award for punitive and compensatory damages is likely the largest in history for a medical malpractice case. The award follows a trial held in Albuquerque earlier this month that centered on allegations outlined in a lawsuit filed by the man's attorneys in 2020. NuMale Medical Center and company officials were named as defendants. According to the complaint, the man was 66 when he visited the clinic in 2017 in search of treatment for fatigue and weight loss. The clinic is accused of misdiagnosing him and unnecessarily treating him with “invasive erectile dysfunction shots” that caused irreversible damage. “This out of state medical corporation set up a fraudulent scheme to make millions off of conning old men by scaring them with a fake test,” Nick Rowley, the man's attorney, wrote in a social media post that detailed the verdict. Rowley went on to say that the scheme involved clinic workers telling patients they would have irreversible damage if they didn't agree to injections three times a week. NuMale Medical Center President Brad Palubicki said in a statement issued Tuesday that the company is committed to high-quality and safe patient care. He said NuMale disagrees with the verdict and intend to pursue all available legal remedies, including an appeal. A message seeking additional comment was left Wednesday with the company and its attorney. NuMale also has clinics in Colorado, Florida, Illinois, Nevada, Nebraska, North Carolina and Wisconsin. According to court records, jurors found that fraudulent and negligent conduct by the defendants resulted in damages to the plaintiff. They also found that unconscionable conduct by the defendants violated the Unfair Practices Act. The Associated PressNone
SANTA CLARA, Calif. (AP) — Once-promising seasons hit new lows for the Chicago Bears and San Francisco 49ers last week. Another late-game meltdown sent the Bears to their sixth straight loss and led to the firing of coach Matt Eberflus. The 49ers suffered their second straight blowout loss and more crushing injuries to go from Super Bowl contenders to outside the playoff picture in a matter of weeks. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Get any of our free email newsletters — news headlines, obituaries, sports, and more.
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NoneBitcoin catapulted above US$100,000 (NZ$170,000) for the first time on Thursday (US time), a milestone hailed even by sceptics as a coming-of-age for digital assets as investors bet on a friendly US administration to cement the place of cryptocurrencies in financial markets. Once it broke US$100,000 in Thursday's Asian morning, boosted by US President-elect Trump's nomination of pro-crypto Paul Atkins to run the Securities and Exchange Commission, it was soon at an all-time high of US$103,619 (NZ$176,000). It last fetched US$101,139 ($NZ172,000), up about 3.2 percent on the day. The total value of the cryptocurrency market has almost doubled over the year so far to hit a record over $3.8 trillion (NZ$6.46t) according to data provider CoinGecko. By comparison, Apple alone is worth about $3.7t (NZ$3.6t). Bitcoin's march from the libertarian fringe to Wall Street has minted millionaires, a new asset class and popularised the concept of "decentralised finance" in a volatile and often controversial period since its creation 16 years ago. Bitcoin has more than doubled in value this year and is up more than 50 percent in the four weeks since Donald Trump's sweeping election victory, which also saw a slew of pro-crypto lawmakers being elected to Congress. "CONGRATULATIONS BITCOINERS!!! $100,000!!! YOU-RE WELCOME!!! Together, we will Make America Great Again!" Trump said on Truth Social, his social media network, on Thursday. "We're witnessing a paradigm shift," said Mike Novogratz, founder and CEO of US crypto firm Galaxy Digital. "Bitcoin and the entire digital asset ecosystem are on the brink of entering the financial mainstream - this momentum is fuelled by institutional adoption, advancements in tokenisation and payments, and a clearer regulatory path." Trump - who once labelled crypto a scam - embraced digital assets during his campaign, promising to make the United States the "crypto capital of the planet" and to accumulate a national stockpile of bitcoin. "We were trading basically sideways for about seven months, then immediately after 5 November, US investors resumed buying hand-over-fist," said Joe McCann, CEO and founder of Asymmetric, a Miami digital assets hedge fund. Bitcoin's proponents cheered Trump's nomination of Atkins to the SEC. A former SEC commissioner, Atkins has been involved in crypto policy as co-chair of the Token Alliance, which works to "develop best practices for digital asset issuances and trading platforms," and the Chamber of Digital Commerce. "Atkins will offer a new perspective, anchored by a deep understanding of the digital asset ecosystem," said Blockchain Association CEO Kristin Smith. "We look forward to working with him ... and ushering in - together - a new wave of American crypto innovation." A slew of crypto companies including Ripple, Kraken and Circle are also jostling for a seat on Trump's promised crypto advisory council. Part of the landscape Bitcoin has proven a survivor through precipitous downturns. Its move into six-figure territory is a remarkable comeback from a dip below $16,000 (NZ$27,200) in 2022 when the industry was reeling from the collapse of the FTX exchange . Founder Sam Bankman-Fried was subsequently jailed . Analysts say the growing embrace of bitcoin by big investors this year has been a driving force behind the record-breaking rally. US-listed bitcoin exchange-traded funds were approved in January and have been a conduit for large-scale buying, with more than $4b (NZ$6.8b) streaming into these funds since the election. "Roughly 3 percent of the total supply of bitcoins that will ever exist have been purchased in 2024 by institutional money," said Geoff Kendrick, global head of digital assets research at Standard Chartered. "Digital assets, as an asset class, is becoming normalised," he said. It is already becoming increasingly financialised, with the launch of bitcoin futures in 2017 and a strong debut for options on BlackRock's ETF in November. Crypto-related stocks have soared along with the bitcoin price, with shares in bitcoin miner MARA Holdings and exchange operator Coinbase each up around 65 percent in November. Software firm Microstrategy, which has repeatedly raised funds to buy bitcoin and held an aggregate of about 402,100 bitcoins as of 1 December, has gained around 540 percent this year. Trump himself unveiled a new crypto business, World Liberty Financial, in September, although details have been scarce and billionaire Elon Musk, a major Trump ally, is also a proponent of cryptocurrencies. Some say the asset remains a speculative or investment vehicle and not an instrument for payments. On Wednesday, Federal Reserve Chair Jerome Powell likened bitcoin to gold, "only its virtual, its digital". "People are not using it as a form of payment, or as a store of value. It's highly volatile, it's not a competitor for the dollar." While earlier big bitcoin rallies have been followed by significant pullbacks, its wider adoption now may help tamp down volatility, analysts said. "That is not to say that there will not be 30-50 percent drawdowns over time, but my base case is that the nature of the drawdowns will be less severe than what we saw in the last bear market," Sean Farrell, head of digital asset strategy at Fundstrat Global Advisors, said. "Passive flows into ETFs, a liquid options market, corporate treasury adoption, and nation state adoption will likely play a large role in dampening volatility," Farrell said. 'Who can prohibit it?' Cryptocurrencies have been criticised for their massive energy consumption and use in crime around the world, and the underlying technology is far from delivering a revolution in the way money moves around the globe. The US and Britain announced on Wednesday they had disrupted what they described as a global money laundering ring which used cryptocurrency to help rich Russians to evade sanctions and launder cash for drug traffickers. Although calculations vary, the Cambridge University Centre for Alternative Finance estimates bitcoin uses around the same amount of electricity each year as Poland or South Africa. Still, as Russian President Vladimir Putin pointed out at an investment conference on Wednesday: "Who can prohibit it? No one." And its longevity is perhaps testament to a degree of resilience. "As time goes by it's proving itself as part of the financial landscape," said Shane Oliver, chief economist and head of investment strategy at AMP in Sydney. "I find it very hard to value it... it's anyone's guess. But it does have a momentum aspect to it and at the moment the momentum is up." - Reuters
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Black Friday is almost here, and with it comes the promise of deep discounts on the most coveted tech gadgets, especially TVs. Whether you’re a cinephile yearning for a cinematic experience, a gamer craving immersive visuals, or simply looking to upgrade your tired old television, this Black Friday is your chance to score a fantastic deal on a brand-new TV. This guide dives deep into the best Black Friday TV deals for 2023, focusing on top brands like Samsung, Roku, Sony, LG, Hisense, and TCL. We’ll navigate the maze of deals, highlight the standout offers, and equip you with the knowledge to make an informed decision. Why Black Friday? It’s simple. Retailers offer their steepest discounts of the year during this shopping extravaganza. This means you can snag that high-end OLED TV you’ve been eyeing or finally upgrade to a bigger screen size without breaking the bank. But with a multitude of deals flooding the market, it can be overwhelming to sift through the noise and identify the true gems. That’s where we come in. We’ve done the heavy lifting, scouring the internet and analyzing early Black Friday ads to bring you a curated selection of the very best TV deals. What to Expect from Black Friday TV Deals in 2023 This year, expect to see significant price drops across all TV categories. Doorbuster deals will likely feature incredible discounts on entry-level and mid-range 4K TVs, making them more accessible than ever. Premium TVs, including OLED and QLED models with cutting-edge features like HDR and Dolby Vision, will also see substantial price reductions, though these deals might be limited in quantity. Key Trends: Top Brands and Expected Deals Samsung: Known for their vibrant QLED displays and feature-rich smart TVs , Samsung consistently offers some of the most compelling Black Friday deals. Expect significant discounts on their popular QLED models, including The Frame and Neo QLED TVs. My Experience: I’ve always been a fan of Samsung’s picture quality. Last year, I snagged a fantastic deal on a QLED during Black Friday, and the color vibrancy still blows me away. Roku: Roku TVs offer a user-friendly smart TV experience with a vast selection of streaming apps. Expect aggressive price cuts on various Roku TV models from brands like TCL, Hisense, and Sharp, making them an excellent choice for budget-conscious shoppers. Sony: Sony excels in picture quality and sound, particularly with their Bravia XR OLED TVs. While Sony TVs tend to be pricier, Black Friday offers a chance to score high-end models with impressive discounts. Keep an eye out for deals on their A80K and X90K series. LG: LG is a leader in OLED technology, renowned for their stunning picture quality with perfect blacks and infinite contrast. Black Friday is an opportune time to invest in an LG OLED TV, especially their C2 and G2 series, which are likely to see significant price drops. Hisense: Hisense offers a compelling combination of affordability and features. Their ULED TVs, featuring quantum dot technology, deliver excellent picture quality at competitive prices. Look for attractive deals on their U6H and U8H series. TCL: TCL has rapidly gained popularity for its value-packed TVs that offer impressive features without the premium price tag. Their 6-Series Roku TVs, known for their excellent picture quality and robust smart features, are likely to be among the most sought-after deals this Black Friday. Pro Tip: To stay ahead of the game, sign up for email alerts from your favorite retailers and follow their social media pages for early access to Black Friday deals. Decoding TV Jargon: A Quick Guide Navigating the world of TVs can be daunting with a plethora of technical terms . Here’s a quick breakdown of some common jargon to help you make sense of the deals: Tips for Snagging the Best Black Friday TV Deals My Tip: Don’t be afraid to haggle! Sometimes, retailers are willing to match or even beat a competitor’s price. Beyond the Price: Factors to Consider While price is a significant factor, it shouldn’t be the sole determinant. Here are some other crucial aspects to consider: Black Friday TV Deals: Where to Look Remember: Deals can change rapidly during Black Friday. Stay vigilant, compare prices, and be ready to act fast to secure the best offers. By following these tips and staying informed, you can navigate the Black Friday frenzy and score an amazing deal on the TV of your dreams. Happy shopping!
TORONTO — Canada's main stock index rose Friday, helped by strength in industrial stocks, while U.S. markets also posted gains to end the week. The S&P/TSX composite index closed up 53.60 points at 25,444.28. In New York, the Dow Jones industrial average was up 426.16 points at 44,296.51. The S&P 500 index was up 20.63 points at 5,969.34, while the Nasdaq composite was up 31.23 points at 19,003.65. Markets ended the week on a calmer note, almost two weeks after the election of Donald Trump in the U.S. set investors on a rally. The S&P 500 ended the day within about 0.5 per cent of the all-time high it set last week. “It just seems like more of the same, that the market’s still in a pretty positive setting coming out of the election,” said Greg Taylor, chief investment officer at Purpose Investments. This week also saw the latest earnings from semiconductor giant Nvidia, which beat expectations but weren’t enough to impress markets. Nvidia made a small gain Thursday and was down more than three per cent Friday. The Dow outperformed its U.S. peers again Friday, rising one per cent, while the S&P 500 was up 0.35 per cent and the Nasdaq gained just 0.16 per cent. Taylor said markets have been undergoing a rotation not just away from the big tech names and into other sectors, but also within the tech sector, and into areas like software. “We’re certainly seeing the broader market ... starting to do a lot better post the Trump win,” he said, adding it’s “just a nice way to end the year,” which was largely dominated by gains in the major tech names because of artificial intelligence. Target’s earnings miss earlier in the week prompted the retailer’s stock to drop, but Taylor said the market has been taking that news as company-specific rather than as an indicator of consumer behaviour. “In some situations, you’d say that’s a negative sign of the economy,” he said. In contrast, Walmart's earnings this week were strong, as was its forecast. Bitcoin continued its meteoric post-election rise, hovering around US$99,000, according to CoinDesk. The Canadian dollar traded for 71.54 cents US compared with 71.63 cents US on Thursday. The January crude oil contract was up US$1.14 at US$71.24 per barrel and the January natural gas contract was down 19 cents at US$3.29 per mmBTU. The December gold contract was up US$37.30 at US$2,712.20 an ounce and the December copper contract was down four cents at US$4.09 a pound. -- With files from The Associated Press This report by The Canadian Press was first published Nov. 22, 2024. Companies in this story: (TSX:GSPTSE, TSX:CADUSD) Rosa Saba, The Canadian PressNo. 1 South Carolina experiences rare sting of lossSaving the planet isn’t as squeaky clean as it’s hyped to be – as some quarters of the green energy sector have been morphing as hotspot for carbon emissions trading scams and potential money laundering havens, leaving well-intentioned investors caught into the crossfire of the ‘dirty hustles’ of shady players who are just out to make a quick buck. Just recently, the green energy world was shaken by a multi-billion-dollar fraud – when a German firm's investment in carbon emissions reduction anchored on the installation of energy-efficient technologies at an oil field in China—was exposed as a massive scam; as the supposed investment was nothing more than a paper trail of fabricated documents. The Philippines is among the economies in the world with bold decarbonization strategies - not just with massive renewable energy (RE) installations, but also with ambitious net zero targets of businesses and a comprehensive drive for a low-carbon economy that cuts through various industries. On the policy front, carbon emissions trading is getting a full-throttle push from many relevant stakeholders, while the Philippine electricity spot market has just recently rolled out the commercialization of renewable energy (RE) certificates trading —an innovative incentive mechanism within the green finance sphere; which is designed to entice fresh wave of capital into clean energy investments. Deceptive power play With growing concerns over scams and potential money laundering activities in the clean energy sector, the Philippines faces a critical question: how exposed is the country to these perilous fraudulent schemes that could then undermine its honest-to-goodness energy transition agenda? Sources from global banks have been warning that countries with fragile financial systems are prime targets for dubious money—often streamed into renewable energy and clean technology investments. Similarly, economies with loose carbon emissions trading protocols and limited expertise are ripe for exploitation—and unfortunately, the Philippines still finds itself dangerously classified in both of these high-risk categories. At this stage, the Independent Electricity Market Operator of the Philippines (IEMOP) qualified that trading of renewable energy (RE) certificates will initially be limited to the renewable portfolio standards (RPS) compliance of mandated players in the domestic scene, thus, minimizing immediate risk of exploitation by offshore buyers. However, the long-term strategy must be approached with caution and rigorous analysis, especially if the country eventually opens the market to international purchasers, which could expose the RE market to greater vulnerabilities. Beyond that, the Department of Environment and Natural Resources (DENR) has a broader plan for future carbon emissions trading, but this policy is still in the works – hence, leaving some fog of uncertainty as well as many ‘unknowns’ that even industry players are still scrambling to understand. By design, carbon credit trading is meant to drive companies to cut emissions by allowing them to trade unused credits—but as the market grows, so does the window of opportunity for fraudsters to exploit the system for their own gain. As already evident, shady companies or operators have discovered loopholes to manipulate carbon credits and emissions reduction – with them either resorting to falsifying data, inflating credits, or peddling non-existent carbon allowances—and these scams are notoriously hard to trace, because typically, the entire trading process relies on intangible assets that could then allow fraudulent activity to be buried beneath layers of red tape and convoluted paperwork. Another escalating fear in the 'green finance' world is the influx of sketchy capital - whether from money laundering or terrorist financing; because when these illicit funds are funneled into new companies, the quickest escape for dodgy players is to pour them into clean energy investments, be it for renewable energy and decarbonization projects to energy efficiency ventures, all while obscuring their true origins behind a green façade. Bank sources explained that money laundering in green investments would typically involve criminal or terrorist-leaning organizations as well as corrupt individuals or politicians who may inject money into businesses under the guise of green investment – and these projects could range everything from solar farms to wind energy installations, and even fake carbon offset schemes. Typically, these projects are packaged as ‘legitimate investments’ – with all the warranted certifications and service contracts, but in reality, they serve as a smokescreen for washing dirty money. These shady deals are already happening in many parts of the world – be it in Asian energy markets, Latin America and many African countries, hence, the intensified call on policymakers and regulators to enforce rules and policies that can invoke transparency into carbon markets – ensuring that emission reductions are accurately reported and there shall be robust verification process and stringent auditing systems; and that green projects are properly vetted, including the fund sources as well as the ultimate beneficial owners of companies, especially those that have layered corporate registrations across various countries. Then for regulators in the country’s financial system, policies must be enforced to close the gap as well as recalibrate the ‘grey areas’ and blind spots in the prevailing money laundering law; then improve the monitoring of financial transactions in the green investment space.
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ALBUQUERQUE, N.M. (AP) — Jurors in New Mexico have awarded a man more than $412 million in a medical malpractice case that involved a men’s health clinic that operates in several states. The man’s attorneys celebrated Monday’s verdict, saying they are hopeful it will prevent other men from falling victim to a scheme that involved fraud and what they described as dangerous penile injections. They said the jury award for punitive and compensatory damages is likely the largest in history for a medical malpractice case. The award follows a trial held in Albuquerque earlier this month that centered on allegations outlined in a lawsuit filed by the man's attorneys in 2020. NuMale Medical Center and company officials were named as defendants. According to the complaint, the man was 66 when he visited the clinic in 2017 in search of treatment for fatigue and weight loss. The clinic is accused of misdiagnosing him and unnecessarily treating him with “invasive erectile dysfunction shots” that caused irreversible damage. “This out of state medical corporation set up a fraudulent scheme to make millions off of conning old men by scaring them with a fake test,” Nick Rowley, the man's attorney, wrote in a social media post that detailed the verdict. Rowley went on to say that the scheme involved clinic workers telling patients they would have irreversible damage if they didn't agree to injections three times a week. NuMale Medical Center President Brad Palubicki said in a statement issued Tuesday that the company is committed to high-quality and safe patient care. He said NuMale disagrees with the verdict and intend to pursue all available legal remedies, including an appeal. A message seeking additional comment was left Wednesday with the company and its attorney. NuMale also has clinics in Colorado, Florida, Illinois, Nevada, Nebraska, North Carolina and Wisconsin. According to court records, jurors found that fraudulent and negligent conduct by the defendants resulted in damages to the plaintiff. They also found that unconscionable conduct by the defendants violated the Unfair Practices Act. The Associated PressNone
SANTA CLARA, Calif. (AP) — Once-promising seasons hit new lows for the Chicago Bears and San Francisco 49ers last week. Another late-game meltdown sent the Bears to their sixth straight loss and led to the firing of coach Matt Eberflus. The 49ers suffered their second straight blowout loss and more crushing injuries to go from Super Bowl contenders to outside the playoff picture in a matter of weeks. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Get any of our free email newsletters — news headlines, obituaries, sports, and more.
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