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Global stocks pressured ahead of Fed decisionNATO and Ukraine to hold emergency talks after Russian attack with hypersonic missile

NEW YORK, Nov. 26, 2024 (GLOBE NEWSWIRE) -- AB International Group Corp. (OTC: ABQQ), an intellectual property (IP) and movie investment and licensing firm, announces financial and operating results for the year ended August 31, 2024. The audited financial results have been filed in a 10-K with the U.S. Securities and Exchange Commission (the "SEC"). The Company also provided its financial outlook for the fiscal year ending August 31, 2025. “ABQQ achieved record results during fiscal year 2024, as we delivered revenue growth of 125% and reached profit net income $542,331, reflecting a continued dedication to maintain exceptional levels of profitability as our business scale,” said Chiyuan Deng, President and Chief Executive Officer. “Movie License and NFT MMM IP License built up two of the most admired and well-positioned business in the marketplace, each with a robust innovation product pipeline designed to win with global consumers. Looking forward, our talented teams are highly motivated to continue driving towards the long-term opportunities of these iconic businesses.” Key Financial Highlights: Revenues for the year ended August 31, 2024, increased 125% to $3,300,467, as compared to $1,473,222 for fiscal 2023. Operating expenses were $2,813,563 for the year ended August 31, 2024, compared to $5,030,354 for fiscal 2023. We experienced a decrease in theatre operating costs in fiscal 2024 compared to fiscal 2023, mainly due to the decrease in admission revenues and the decrease in movie exhibition costs as a percentage of admission revenue. We incurred a net income of $542,331 for the year ended August 31, 2024, as compared with a net loss of $3,566,710 for fiscal 2023. As of August 31, 2024.Total Stockholders’ Equity $1,459,902, as compared to $890,988 in Fiscal 2023. During fiscal year 2024, the Company repurchased approximately 285 million shares of its common stock for a total of $50,699 at a weighted average price paid per share of $0.00018. Full Fiscal Year 2025 Outlook for the Twelve-Month Period Ending August 31, 2025 The Company's full fiscal year 2025 outlook is forward-looking in nature, reflecting our expectations as of November 26, 2024, and is subject to significant risks and uncertainties that limit our ability to accurately forecast results. This outlook assumes no meaningful changes to the Company's business prospects or risks and uncertainties identified by management that could impact future results, which include but are not limited to changes in economic conditions, including consumer confidence and discretionary spending, inflationary pressures, and foreign currency fluctuation; geopolitical tensions; and supply chain disruptions, constraints and related expenses. Revenues are expected to increase approximately 150% to $8.25 million. Gross margin is expected to be approximately 60.5%. Diluted earnings per share are expected to be in the range of $0.001 to $0.002. About AB International Group Corp. AB International Group Corp. is an intellectual property (IP) and movie investment and licensing firm, focused on acquisitions and development of various intellectual property. We are engaged in acquisition and distribution of movies. The company owns the IP of the NFT movie and music marketplace (NFT MMM) as the unique entertainment industry Non-Fungible Token. The Company operates AB Cinemas, physical movie theaters currently in NY with plans to expand nationwide ( www.abcinemasny.com ). The company also owns ABQQ.TV which is a movie and TV show online streaming platform. ABQQ TV generates revenue through a hybrid subscription model and advertising model like other online streaming platforms. For additional information, visit www.abqqs.com , www.abcinemasny.com , https://stareastnet.io/ and www.ABQQ.tv . Forward-Looking Statements This press release contains “forward-looking statements” that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements relating to changes to the Company’s management team and statements relating to the Company’s transformation, financial and operational performance including the acceleration of revenue and margins, and the Company’s overall strategy. Because forward-looking statements inherently involve risks and uncertainties, actual future results may differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the possibility of business disruption, competitive uncertainties, and general economic and business conditions in AB International Group markets as well as the other risks detailed in company filings with the Securities and Exchange Commission. AB International Group undertakes no obligation to update any statements in this press release for changes that happen after the date of this release. Investor Relations Contact: Charles Tang (852) 2622 2891 corp@abqqs.com Photos accompanying this announcement are available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/8ba28f62-fe9e-45be-89c9-c8c7a2fa9707 https://www.globenewswire.com/NewsRoom/AttachmentNg/d08431cf-b411-4d9f-80d4-ca34f1320c5fCOLLEGE FB NOTESShould AI be used to resurrect extinct species like the Neanderthal? | Mohammad Hosseini

'Forever Present' campaign revives the iconic A Diamond is Forever tagline and celebrates the diamond dream NEW YORK , Nov. 22, 2024 /PRNewswire/ -- De Beers Group today launched a new marketing campaign, 'Forever Present', to reinforce desirability for natural diamonds over the key holiday gifting season in the U.S. The campaign sees the return of the iconic 'A Diamond is Forever' tagline following its reintroduction to De Beers' category marketing activities last year. Highlighting a diverse array of gifting opportunities for natural diamonds this holiday season, the campaign celebrates familial, friendship and romantic relationships under the premise that 'natural connections deserve natural diamonds', making them the ideal choice for celebrating special moments with special people. The campaign reinforces the notion that natural diamonds are a store of emotional value that enable precious memories to remain 'forever present'. The campaign features diverse real-life couples, illustrating unforgettable moments and key milestones worth celebrating with the most special people in our lives, bringing the true essence of their relationships to life on screen. Showcasing classic jewellery designs including studs, tennis bracelets, anniversary bands, three-stone rings and solitaire pendants, the campaign speaks to a broad audience of U.S. gift-givers. The campaign will run nationally throughout the U.S. across digital platforms, social media including Instagram and TikTok, and out-of-home including major airports. To enhance its reach and impact and support U.S. independent jewellery retailers, the campaign assets will also be made available free-of-charge to retailers planning to invest in natural diamond marketing this holiday season. Sandrine Conseiller , CEO of De Beers Brands, said: "De Beers' iconic natural diamond category campaigns have shaped desire for natural diamonds over many decades. We're proud to build on this tradition by reviving and refreshing one of our most legendary taglines "A Diamond Is Forever" this holiday season. With a modern sensibility and playful colloquial language, this latest campaign encapsulates the unique qualities of natural diamonds, positioning them as the perfect choice for celebrating life's most cherished milestones." The Forever Present campaign follows the recently launched Worth the Wait campaign, a collaboration between De Beers Group and Signet Jewelers. While Worth the Wait is focused on soon-to-be-engaged Millennial and Gen Z audiences, Forever Present appeals to gift-givers of all ages by showcasing the connection between natural diamonds and creating precious memories with loved ones this holiday season. Retailers interested in learning more about the Forever Present campaign and how they can participate can visit: adiamondisforevermarketing.com. The campaign is featured on @Adiamondisforever on Instagram and TikTok. The Forever Present campaign assets are available to download here . View original content to download multimedia: https://www.prnewswire.com/news-releases/de-beers-group-launches-holiday-campaign-for-natural-diamonds-302314554.html SOURCE De Beers Group © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

NATO and Ukraine to hold emergency talks after Russian attack with hypersonic missile

White House Christmas tree came from Helene-devastated tree farmJHVEPhoto TSMC's ( NYSE: TSM ) stock had a good run throughout most of 2024, but 2025 could be greatly different. Although the company reported great numbers during the latest earnings call, the rise of geopolitical risks and the gradual normalization of Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Alaska Air Group, Inc . ALK shares are trading higher on Thursday. Goldman Sachs analyst Catherine O’Brien indicates that there could be potential upside to the company’s 2027 EPS target, taking into account factors such as the recently announced $1 billion share repurchase authorization, improvements in the industry environment, the full recovery of Hawaiian’s revenue, the economic benefits from a new joint co-brand credit card deal, and potential solutions to mitigate the current volatility in West Coast jet fuel crack spreads. The analyst notes that the company plans to transition to a single loyalty program in the second half of 2025. Also Read: Stocks Fall As Producer Inflation Spikes, Jobless Claims Jump: ‘What Is Happening Here?’ Per O’Brien, a new agreement is expected to follow this transition, likely before the current contracts expire, based on industry practices of renegotiating ahead of expiration. The analyst writes that the company’s $70 price forecast is based on a normalized EBITDAR valuation methodology, applying a 3.1x EV/EBITDAR multiple to a normalized EBITDAR estimate of $3.7 billion. The analyst highlights key risks, including potential integration challenges from the recent merger with Hawaiian, higher-than-expected costs from open labor agreements, and possible future delivery disruptions from Boeing Company. The analyst estimates the company’s FY24 revenues of $11.711 billion. The analyst projects FY25 revenues of $14.734 billion. Price Action: ALK shares are trading lower by 0.05% to $64.06 at last check Thursday. Read Next: Trump Rings NYSE Opening Bell, Says Economy ‘Is Going To Be Very Strong’ Image via Shutterstock. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.