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Since 2018, Colorado taxpayers have benefited from two reductions to the state income tax that together have brought the rate from 4.63% to 4.4%, for an aggregate reduction of 0.23%. These reductions have been much heralded by state government leaders and have elicited approving comments from a wide range of observers. The applause for these tax cuts, however, has obscured a separate tactic that state leaders increasingly have used to extract revenue from Coloradans in amounts that dwarf the income tax reductions. During the last two decades, Coloradans have seen a steady increase in the fees paid to a wide range of state enterprises. The pattern has accelerated dramatically since 2018. According to a recent Common Sense Institute study, fee-based revenue to enterprises has increased since 2018 by an amount equivalent to a 0.51% increase in the state income tax — so, more than double the recent tax cuts. If Colorado’s fee enterprises, minus higher education, were instead funded by the state income tax, the state income tax would increase to 7.68%, a 75% increase over the current rate of 4.4%. Why the transition to fee-based revenue? In part, because it enables legislators to raise revenue, and spending, without obtaining voter approval. Under Colorado’s Taxpayer Bill of Rights (TABOR), a part of Colorado’s state constitution since 1992, voter approval is required for tax increases and for spending that exceeds population growth plus inflation. Since TABOR was enacted, voters at the county and municipal level have in fact, on hundreds of occasions, approved tax increases and spending that exceeded these limits, and in 2005, voters statewide approved a five-year suspension of TABOR to fund education, health care, and transportation. In these instances, proponents of increased taxing and spending successfully advocated to voters. In other words, TABOR yielded a dialogue between voters and their elected representatives, in which elected representatives earned the trust of citizens to tax and spend in excess of normal constitutional limits. But by collecting revenue via fee-based enterprises, leaders circumvent the requirement for voter approval, and avoid this dialogue. Under TABOR, an “enterprise” is a government–owned business that receives revenue in return for the provision of a good or service. Enterprise fees do not require voter approval. Nor does enterprise fee revenue count toward the TABOR limit calculation. Thus, the revenue can be spent without triggering the requirement for voter approval of spending increases that are in excess of population growth plus inflation — or the requirement for taxpayer refunds if voters say no. To say that fee-based enterprise revenue has increased is a dramatic understatement. The first year after the passage of TABOR, there were four enterprises generating $742 million. As of 2023, there were 27 state enterprises, and their revenue had increased by over 3000%, far beyond population growth plus inflation, to $23.3 billion. Voters’ attempts to limit enterprise growth generally have been unsuccessful. Proposition 117, passed in 2020, required new enterprises projected to generate revenue above $100 million over their first five years to receive voter approval. Undeterred, the Legislature’s response was to establish eight enterprises and expand an existing enterprise. In a seeming attempt to skirt Proposition 117 requirements, four of these enterprises were created in the same 2021 bill, with revenue raised by each enterprise calibrated to fall just short of the $100M threshold that would have triggered the requirement for voter approval. Surprisingly to supporters of Proposition 117, the bill survived judicial challenge. All told, the expansion of enterprises since 2020 cost Coloradans $88.3 million in 2023. The massive growth of fee-based enterprises is of concern for at least two reasons. First, the growth of enterprise fees has occurred in concert with other cost increases impacting Colorado families and businesses. These include substantial increases in the cost of housing, insurance rates, and regulatory costs, as well as a sharp rise in property taxes, each of which are analyzed in Common Sense Institute reports published in 2023 and 2024. Property taxes, which will continue to increase despite a recent legislative compromise, albeit at a slower rate, are particularly onerous because they essentially are a tax on unrealized capital appreciation. Together, these cost-drivers increasingly have helped make Colorado a more expensive place to live and do business. Net inward domestic migration has slowed, as explained in a recent Common Sense Institute report. A 2024 CNBC ranking of America’s top states for business ranked Colorado 46th out of 50 states in cost of living (a grade of F), and 39th out of 50 states in cost of doing business (a grade of D+), both five-year lows. So, while Colorado remains an attractive place to live and work, particularly for well-compensated professionals in sectors such as professional services and technology, the cumulative impact of costly policy choices risks undermining our state’s competitiveness. Second, the growth of fee-based enterprises increasingly has disenfranchised Colorado voters. In 1996, only 46% of state spending was TABOR exempt ($5,027 per Coloradan in 2023 dollars), but in 2023, in large part due to the growth of enterprises, 71% of state spending was exempt, amounting to $8,442 per Coloradan. As increasing percentages of revenue generation and spending circumvent voter approval, citizens are losing an important input into how leaders are raising and spending revenue taken from family and business budgets. Given the chance, voters would perhaps have approved the creation of so many enterprises, the associated fees, and the increased spending. Or perhaps not. But Colorado’s leaders denied voters the opportunity to review these decisions. This disenfranchisement of voters has been exacerbated in recent legislative sessions by another development that reduces TABOR refunds. In the 2024 legislative session, for example, over 100 bills were introduced that would diminish TABOR refunds by redirecting funds toward targeted tax credits, tax incentives, and/or transfer payments. Collectively, the bills that did pass are projected to cut TABOR refunds by $3.5 billion over three years, a 55% cut. Perhaps voters would have approved these transfers as sound policy, if given the opportunity. But we will never know. What is clear is that legislators substituted their judgment for voters’ judgment regarding how to spend substantial sums that would otherwise have been refunded to taxpayers. TABOR refunds were transformed into TABOR redistributions. This stifling of taxpayer input would be less troubling if legislative actions appeared mostly in sync with public opinion on fiscal matters. But that might not be the case. To begin with, TABOR is popular; for example, a 2024 poll by the nonpartisan Colorado Polling Institute found 69% of respondents felt that instituting TABOR, with its revenue limits, refunds, and requirement that voters approve tax increases, was a “good thing.” Further indications that voters are less than satisfied with legislative actions regarding revenue generation and spending include the failure of Proposition CC in 2019; the passage of Proposition 117 in 2020; the strong rejection of Proposition HH in 2023, and the pressure of looming tax-cut ballot measures in driving the legislative compromise on property taxes in 2024. Colorado leaders would be wise to carefully consider the net impact of their actions in driving up costs for Coloradans, and how those costs impact our competitiveness. Colorado voters and interested outside observers, meanwhile, should consider the aggregate impact of our leaders’ policy choices. Income tax cuts are a positive, but in Colorado they do not tell the whole story of government’s impact on family and business budgets. Lang Sias, who represented District 27 in the Colorado state House from 2015 to 2019, is a Mike A. Leprino Fellow with the Common Sense Institute. He has served in the Navy as a fighter pilot and Topgun instructor and holds a master’s degree from the London School of Economics and a law degree from the University of Michigan.
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Banque Cantonale Vaudoise lowered its position in Endeavour Silver Corp. ( NYSE:EXK – Free Report ) (TSE:EDR) by 33.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,596 shares of the mining company’s stock after selling 8,157 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Endeavour Silver were worth $65,000 as of its most recent filing with the Securities and Exchange Commission. Other hedge funds and other institutional investors have also modified their holdings of the company. SG Americas Securities LLC raised its holdings in shares of Endeavour Silver by 61.6% during the 1st quarter. SG Americas Securities LLC now owns 20,603 shares of the mining company’s stock valued at $50,000 after buying an additional 7,852 shares during the period. B. Riley Wealth Advisors Inc. lifted its holdings in Endeavour Silver by 9.7% in the first quarter. B. Riley Wealth Advisors Inc. now owns 76,800 shares of the mining company’s stock worth $187,000 after acquiring an additional 6,800 shares during the last quarter. Tidal Investments LLC bought a new position in Endeavour Silver in the 1st quarter worth about $19,008,000. Virtu Financial LLC grew its position in Endeavour Silver by 158.3% in the 1st quarter. Virtu Financial LLC now owns 147,287 shares of the mining company’s stock worth $355,000 after purchasing an additional 90,259 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft acquired a new position in shares of Endeavour Silver during the second quarter valued at approximately $42,000. 20.06% of the stock is owned by institutional investors and hedge funds. Wall Street Analyst Weigh In A number of analysts recently commented on the stock. Ventum Cap Mkts upgraded shares of Endeavour Silver to a “strong-buy” rating in a report on Wednesday, November 13th. StockNews.com upgraded Endeavour Silver to a “sell” rating in a report on Wednesday, November 6th. HC Wainwright lifted their price target on Endeavour Silver from $6.00 to $7.25 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, Alliance Global Partners lifted their price target on Endeavour Silver from $5.25 to $6.25 and gave the company a “buy” rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.63. Endeavour Silver Stock Down 0.9 % Shares of NYSE:EXK opened at $4.46 on Friday. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of -34.35 and a beta of 1.67. The company has a 50 day moving average of $4.50 and a 200-day moving average of $3.94. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.07. Endeavour Silver Corp. has a one year low of $1.42 and a one year high of $5.67. Endeavour Silver ( NYSE:EXK – Get Free Report ) (TSE:EDR) last issued its quarterly earnings data on Tuesday, November 5th. The mining company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. Endeavour Silver had a positive return on equity of 0.97% and a negative net margin of 13.04%. The business had revenue of $53.40 million during the quarter, compared to analyst estimates of $54.91 million. During the same period in the previous year, the firm earned ($0.04) EPS. Endeavour Silver’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, sell-side analysts forecast that Endeavour Silver Corp. will post 0.04 earnings per share for the current year. About Endeavour Silver ( Free Report ) Endeavour Silver Corp., a silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mineral properties in Chile and the United States. It explores for gold and silver deposits, and precious metals. The company was formerly known as Endeavour Gold Corp. Featured Articles Receive News & Ratings for Endeavour Silver Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Endeavour Silver and related companies with MarketBeat.com's FREE daily email newsletter .Patricia Kaliati Bitter with Saulos Chilima
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DARTS fans were baffled after spotting a cameraman's reaction to Dirk van Duijvenbode's walk-on at the Players Championship Finals. Dutchman Van Duijvenbode , 32, got the Minehead crowd going with an energetic entrance on Saturday night. He pumped his fists to those in attendance as he prepared to take on fellow countryman Jermaine Wattimena. Van Duijvenbode came through the clash in emphatic style, booking his place in the quarter-finals with a 10-5 win. But it was a moment prior to the start of the match which got many darts lovers talking on social media. As the coverage panned to a zoomed out shot of the stage, the cameraman could be seen moving to the music as he shook his head and arms back and forth. And the moment left viewers in hysterics as they hailed the individual's enthusiasm. One said: "Cameraman at the darts last night understood the assignment 😂." Another added: "Having himself a great time." While a third replied: "That’s brilliant 🤣." CASINO SPECIAL - BEST CASINO WELCOME OFFERS And a fourth responded: "This has broken me 😂😂😂😂😂😂." On Sunday, Van Duijvenbode moved into the semi-finals with a thrilling 10-9 win over Connor Scutt. The victory set up a last-four clash with world champion Luke Humphries .
Cryptocurrency Hardware Wallet Market is in Huge Demand |Ledger, Trezor, KeepKey 11-24-2024 12:50 PM CET | Business, Economy, Finances, Banking & Insurance Press release from: HTF Market Intelligence Consulting Pvt. Ltd. Cryptocurrency Hardware Wallet Market HTF MI recently introduced Global Cryptocurrency Hardware Wallet Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2024-2032). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence. Some key players from the complete study are Ledger, Trezor, KeepKey, BitBox, SafePal. Download Sample Report PDF (Including Full TOC, Table & Figures) 👉 https://www.htfmarketreport.com/sample-report/4168335-global-cryptocurrency-hardware-wallet-market-9?utm_source=Tarusha_OpenPR&utm_id=Tarusha According to HTF Market Intelligence, the Global Cryptocurrency Hardware Wallet market is expected to grow from $450 Million USD in 2024 to Global Cryptocurrency Hardware Wallet Market Size by Key Players, Types, Applications, Countries & Forecast to 2028 USD by 2032, with a CAGR of 11% from 2024 to 2032. The Cryptocurrency Hardware Wallet market is segmented by Types (USB, Bluetooth, NFC, Multi-Currency Support), Application (Personal crypto storage, institutional use, trading platforms, DeFi management) and by Geography (North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA). Definition: Cryptocurrency hardware wallets are physical devices that store users' private keys offline for enhanced security in managing cryptocurrency assets. Dominating Region: • North America Fastest-Growing Region: • Asia-Pacific Have a query? Market an enquiry before purchase 👉 https://www.htfmarketreport.com/enquiry-before-buy/4168335-global-cryptocurrency-hardware-wallet-market-9?utm_source=Tarusha_OpenPR&utm_id=Tarusha The titled segments and sub-section of the market are illuminated below: In-depth analysis of Cryptocurrency Hardware Wallet market segments by Types: USB, Bluetooth, NFC, Multi-Currency Support Detailed analysis of Tank Container Shipping market segments by Applications: Personal crypto storage, institutional use, trading platforms, DeFi management Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions: • The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.) • North America (United States, Mexico & Canada) • South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.) • Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.) • Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia). Buy Now Latest Edition of Cryptocurrency Hardware Wallet Market Report 👉 https://www.htfmarketreport.com/buy-now?format=1&report=4168335?utm_source=Tarusha_OpenPR&utm_id=Tarusha Cryptocurrency Hardware Wallet Market Research Objectives: - Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years. - To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks). - To analyze the with respect to individual future prospects, growth trends and their involvement to the total market. - To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market. - To deliberately profile the key players and systematically examine their growth strategies. FIVE FORCES & PESTLE ANALYSIS: In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry. • Political (Political policy and stability as well as trade, fiscal, and taxation policies) • Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates) • Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles) • Technological (Changes in digital or mobile technology, automation, research, and development) • Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions) • Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability) Get 10-25% Discount on Immediate purchase 👉 https://www.htfmarketreport.com/request-discount/4168335-global-cryptocurrency-hardware-wallet-market-9?utm_source=Tarusha_OpenPR&utm_id=Tarusha Points Covered in Table of Content of Global Cryptocurrency Hardware Wallet Market: Chapter 01 - Cryptocurrency Hardware Wallet Executive Summary Chapter 02 - Market Overview Chapter 03 - Key Success Factors Chapter 04 - Global Cryptocurrency Hardware Wallet Market - Pricing Analysis Chapter 05 - Global Cryptocurrency Hardware Wallet Market Background or History Chapter 06 - Global Cryptocurrency Hardware Wallet Market Segmentation (e.g. Type, Application) Chapter 07 - Key and Emerging Countries Analysis Worldwide Cryptocurrency Hardware Wallet Market Chapter 08 - Global Cryptocurrency Hardware Wallet Market Structure & worth Analysis Chapter 09 - Global Cryptocurrency Hardware Wallet Market Competitive Analysis & Challenges Chapter 10 - Assumptions and Acronyms Chapter 11 - Cryptocurrency Hardware Wallet Market Research Methodology Key questions answered • How Global Cryptocurrency Hardware Wallet Market growth & size is changing in next few years? • Who are the Leading players and what are their futuristic plans in the Global Cryptocurrency Hardware Wallet market? • What are the key concerns of the 5-forces analysis of the Global Cryptocurrency Hardware Wallet market? • What are the strengths and weaknesses of the key vendors? • What are the different prospects and threats faced by the dealers in the Global Cryptocurrency Hardware Wallet market? Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, LATAM, Europe, Japan, Australia or Southeast Asia. Contact Us: Nidhi Bhawsar (PR & Marketing Manager) HTF Market Intelligence Consulting Private Limited Phone: +15075562445 sales@htfmarketintelligence.com Connect with us on LinkedIn | Facebook | Twitter About Author: HTF Market Intelligence Consulting is uniquely positioned to empower and inspire with research and consulting services to empower businesses with growth strategies. We offer services with extraordinary depth and breadth of thought leadership, research, tools, events, and experience that assist in decision-making. This release was published on openPR.Phnom Penh, Nov 24 (IANS): Cambodia highly values peace as it is a "cornerstone" of the kingdom's national resilience and rejuvenation, Prime Minister Hun Manet said here on Sunday. In his opening speech of the 11th Plenary Session of the Global Parliament for Tolerance and Peace in the capital Phnom Penh, Manet said peace is the foundation on which all else is built. "Without peace, there can be no development, no prosperity, no future. Without peace, there are no human rights and no developments as such," he said. "Peace has allowed us to invest in our peoples, our institutions, and our future," he added, Xinhua news agency reported. The Cambodian leader said under his administration, he has launched a comprehensive framework for growth, employment, equity, efficiency, and sustainability, entitled the Pentagonal Strategy Phase 1. He added that this strategy focuses on five key priorities, namely people, road, water, electricity, and technology. "Through this strategy, we aim to protect and strengthen our hard-earned peace by creating opportunities for all citizens and supporting communities to strive together," he said. "We are on track to effectively graduating from the least developed country status in 2029."After his team's 102-89 home win on Wednesday night over Purdue Fort Wayne, Penn State coach Mike Rhoades challenged his team's fan base to show up and make more noise. "Sweat with us," he said at one point. At 5-0, the Nittany Lions haven't had to sweat much to get off to a fast start. They might not have to expend much perspiration to make it 6-0 on Monday when they meet Fordham in a semifinal matchup at the Sunshine Slam tournament in Daytona Beach, Fla. Penn State hasn't played a strong schedule so far, but the team has been impressive. It's averaging 98.2 points per game and 13.8 steals per game, both of which ranked second in Division I through Saturday's play. The Nittany Lions were seventh per kenpom.com in turnover rate, forcing 25.3 per 100 possessions. Point guard Ace Baldwin Jr. is leading the charge, scoring 16.4 points and dishing out 7.8 assists while chipping in 2.6 steals. Zach Hicks has nearly doubled his scoring average from 8.4 last season to 15.8 this season, while Northern Illinois transfer Yanic Konan Niederhauser has beefed up the interior, tallying 12.2 points and 7.2 rebounds. Meanwhile, Fordham (3-3) is coming off a 73-71 home loss Friday night against Drexel in New York. The Rams blew a seven-point lead early in the second half and missed a chance to force overtime when leading scorer Jackie Johnson III missed a layup as time expired. Johnson, a UNLV transfer, is averaging 19 points per game and is making nearly 48 percent of his shots as one of three Rams with double-figure scoring averages. Jahmere Tripp scores at an 11.0 clip while Japhet Medor is contributed 10.5, but Fordham is struggling to make shots, canning only 41.5 percent from the field. The Rams were picked for a 14th-place finish in the Atlantic 10 despite returning more scoring than any team in the league except for VCU. Third-year coach Keith Urgo thinks his team can defy low external expectations. "We're experienced and I think we're poised to have a tremendous year," he said. --Field Level Media
Trudeau told Trump Americans would also suffer if tariffs are imposed, a Canadian minister says
AMESBURY, Mass. , Dec. 2, 2024 /PRNewswire/ -- Provident Bancorp, Inc. (the "Company") PVBC , the holding company for BankProv (the "Bank"), today announced that its Board of Directors has adopted a new stock repurchase program. Under the repurchase program, the Company may repurchase up to 883,366 shares of its common stock, or approximately five percent of the current outstanding shares. The repurchase program was adopted following the receipt of non-objection from the Federal Reserve Bank of Boston . The repurchase program permits shares to be repurchased in open market or private transactions, through block trades, and pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission. Repurchases will be made at management's discretion at prices management considers to be attractive and in the best interests of both the Company and its stockholders, subject to the availability of stock, general market conditions, the trading price of the stock, alternative uses for capital, and the Company's financial performance. Open market purchases will be conducted in accordance with the limitations set forth in Rule 10b -18 of the Securities and Exchange Commission and other applicable legal requirements. The repurchase program may be suspended, terminated or modified at any time for any reason, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, and other factors deemed appropriate. These factors may also affect the timing and amount of share repurchases. The repurchase program does not obligate the Company to purchase any particular number of shares. About Provident Bancorp, Inc. Provident Bancorp, Inc. PVBC is the holding company for BankProv, a full-service commercial bank headquartered in Massachusetts . With retail branches in the Seacoast Region of Northeastern Massachusetts and New Hampshire , as well as commercial banking offices in the Manchester / Concord market in Central New Hampshire , BankProv delivers a unique combination of traditional banking services and innovative financial solutions to its markets. Founded in Amesbury, Massachusetts in 1828, BankProv holds the honor of being the 10th oldest bank in the nation. The Bank insures 100% of deposits through a combination of insurance provided by the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF). For more information, visit bankprov.com. Forward-Looking Statements This news release may contain certain forward-looking statements, such as statements of the Company's or the Bank's plans, objectives, expectations, estimates and intentions. Forward-looking statements may be identified by the use of words such as, "expects," "subject," "believe," "will," "intends," "may," "will be" or "would." These statements are subject to change based on various important factors (some of which are beyond the Company's or the Bank's control), and actual results may differ materially. Accordingly, readers should not place undue reliance on any forward-looking statements (which reflect management's analysis of factors only as of the date on which they are given). These factors include: general economic conditions; interest rates; inflation; levels of unemployment; legislative, regulatory and accounting changes; monetary and fiscal policies of the U.S. Government, including policies of the U.S. Treasury and the Board of Governors of the Federal Reserve Bank; deposit flows; our ability to access cost-effective funding; changes in liquidity, including the size and composition of our deposit portfolio and the percentage of uninsured deposits in the portfolio; changes in consumer spending, borrowing and savings habits; competition; our ability to successfully shift the balance sheet to that of a traditional community bank; real estate values in the market area; loan demand; the adequacy of our level and methodology for calculating our allowance for credit losses; changes in the quality of our loan and securities portfolios; the ability of our borrowers to repay their loans; our ability to retain key employees; failures or breaches of our IT systems, including cyberattacks; the failure to maintain current technologies; the ability of the Company or the Bank to effectively manage its growth; global and national war and terrorism; the impact of the COVID-19 pandemic or any other pandemic on our operations and financial results and those of our customers; and results of regulatory examinations, among other factors. The foregoing list of important factors is not exclusive. Readers should carefully review the risk factors described in other documents that the Company files from time to time with the Securities and Exchange Commission, including Annual and Quarterly Reports on Forms 10-K and 10-Q, and Current Reports on Form 8-K. Investor contact: Joseph Reilly President and Chief Executive Officer Provident Bancorp, Inc. jreilly@bankprov.com View original content to download multimedia: https://www.prnewswire.com/news-releases/provident-bancorp-inc-adopts-stock-repurchase-program-302320082.html SOURCE Provident Bancorp, Inc. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
President-elect Donald Trump 's repeated support for TikTok has sparked speculation about potential solutions to prevent the app's impending ban in the United States, though the path forward remains unclear. ET Year-end Special Reads Gold outshines D-St with 20% returns, but 2025 may be different The year of the pause: How RBI maneuvered its policy in 2024 2024, the year India defeated China's salami-slicing strategy "We got to keep this sucker around for a little while," Trump told supporters on Sunday, just days after meeting with TikTok CEO Shou Zi Chew in Florida. Instagram and Facebook Trump, who credits the wildly popular platform with delivering him a large young user base, opposes banning TikTok partly because he believes it would primarily benefit Meta, the Mark Zuckerberg-led company behind Instagram and Facebook. The situation is complex, according to University of Richmond School of Law professor Carl Tobias, given the various potential solutions and Trump's unpredictable nature. Artificial Intelligence(AI) AI-Powered Python Mastery with Tabnine: Boost Your Coding Skills By - Metla Sudha Sekhar, IT Specialist and Developer View Program Data Science MySQL for Beginners: Learn Data Science and Analytics Skills By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance Financial Literacy for Non-Finance Executives By - CA Raja, Chartered Accountant | Financial Management Educator | Former AVP - Credit, SBI View Program Office Productivity Mastering Google Sheets: Unleash the Power of Excel and Advance Analysis By - Metla Sudha Sekhar, IT Specialist and Developer View Program Web Development C++ Fundamentals for Absolute Beginners By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance Crypto & NFT Mastery: From Basics to Advanced By - CA Raj K Agrawal, Chartered Accountant View Program Web Development Maximizing Developer Productivity: The Pomodoro Technique in Practice By - Prince Patni, Software Developer (BI, Data Science) View Program Marketing Digital Marketing Masterclass by Neil Patel By - Neil Patel, Co-Founder and Author at Neil Patel Digital Digital Marketing Guru View Program Web Development Master RESTful APIs with Python and Django REST Framework: Web API Development By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance Value and Valuation Masterclass By - CA Himanshu Jain, Ex McKinsey, Moody's, and PwC, Co - founder, The WallStreet School View Program Marketing Digital marketing - Wordpress Website Development By - Shraddha Somani, Digital Marketing Trainer, Consultant, Strategiest and Subject Matter expert View Program Finance Tally Prime & GST Accounting: Complete Guide By - CA Raj K Agrawal, Chartered Accountant View Program Artificial Intelligence(AI) Basics of Generative AI: Unveiling Tomorrows Innovations By - Metla Sudha Sekhar, IT Specialist and Developer View Program Web Development JavaScript Essentials: Unlock AI-Driven Insights with ChatGPT By - Metla Sudha Sekhar, IT Specialist and Developer View Program Web Development A Comprehensive ASP.NET Core MVC 6 Project Guide for 2024 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Entrepreneurship Startup Fundraising: Essential Tactics for Securing Capital By - Dr. Anu Khanchandani, Startup Coach with more than 25 years of experience View Program Web Development Mastering Full Stack Development: From Frontend to Backend Excellence By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Collaborative AI Foundations: Working Smarter with Machines By - Prince Patni, Software Developer (BI, Data Science) View Program Data Analysis Learn Power BI with Microsoft Fabric: Complete Course By - Prince Patni, Software Developer (BI, Data Science) View Program Entrepreneurship Validating Your Startup Idea: Steps to Ensure Market Fit By - Dr. Anu Khanchandani, Startup Coach with more than 25 years of experience View Program Web Development Advanced C++ Mastery: OOPs and Template Techniques By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Tabnine AI Masterclass: Optimize Your Coding Efficiency By - Metla Sudha Sekhar, IT Specialist and Developer View Program Congress overwhelmingly passed legislation, signed by President Joe Biden in April, that would block TikTok from US app stores and web hosting services unless Beijing-based ByteDance sells its stake by January 19. US officials and lawmakers grew wary of the potential for the Chinese government to influence ByteDance or access the data of TikTok's American users. Even with Trump's decisive election victory and incoming Republican-led Congress, acquiescing to the president-elect's desire and preventing the ban faces significant hurdles. The law enjoyed rare bipartisan support in a divided Washington, making its outright repeal through a vote in Congress politically unlikely even with Trump's influence over Republicans. US Supreme Court and TikTok The Supreme Court may offer the clearest path forward. TikTok has appealed to the nation's highest court, arguing the law violates First Amendment rights to free speech. The court, which is dominated by Trump-aligned conservatives, will hear the case on January 10, just nine days before the ban takes effect. This follows a lower appeals court's unanimous decision to uphold the law in December. Another possibility, according to Tobias, is that a Trump-led Department of Justice could determine ByteDance has addressed the law's national security concerns. However, such a move would likely be seen as caving to China by Congress and others. The final option is ByteDance selling to a non-Chinese buyer, though the company has consistently refused this possibility. With 170 million monthly active users, acquiring TikTok's US operations would require substantial resources. As president, Trump could extend the ban deadline by 90 days to facilitate a transaction. Potential TikTok Buyers Few potential buyers have emerged, with major tech companies likely deterred by antitrust concerns. Former Trump Treasury secretary Steve Mnuchin, who runs a private equity fund backed by Japan's SoftBank Group and Abu Dhabi's Mubadala sovereign wealth fund, has expressed interest. During a recent event with Trump, SoftBank CEO Masayoshi Son pledged to invest $100 billion in the US economy, though specific investments weren't detailed. Other contenders include US real estate billionaire Frank McCourt, who aims to make social media safer through his Project Liberty organization. Elon Musk, given his proximity to Trump and ownership of X, could also have a role to play, as he has expressed plans to transform the text-focused platform into something more like TikTok. A senior Republican lawmaker recently suggested Trump might orchestrate a "deal of the century" satisfying both US concerns and ByteDance's interests. The chairman of the US House committee on China, John Moolenaar, told Fox News Digital that once ByteDance accepts it must comply with US law, the situation could progress rapidly. Any agreement would need Beijing's approval, with US-China relations expected to remain tense during Trump's upcoming term. This isn't the first attempt to resolve TikTok's US status. In 2020, Trump also threatened a ban unless ByteDance sold its US operations. While Oracle and Walmart reached a preliminary agreement with ByteDance for ownership stakes, legal challenges and the transition to the Biden administration prevented the deal's completion. FAQs Q1. Is TikTok banned in US? A1. No. TikTok is yet to be banned in the US. Q2. When will Donald Trump become US President? A2. Donald Trump will become President on January 20, 2025. ET Year-end Special Reads An Indian's guide to moving abroad as the world looks for 'better' immigrants The year of the HNIs: How India's rich splurged in 2024 (You can now subscribe to our Economic Times WhatsApp channel )
Flagship Harbor Advisors LLC bought a new stake in Amazon.com, Inc. ( NASDAQ:AMZN ) during the 3rd quarter, HoldingsChannel reports. The fund bought 184,650 shares of the e-commerce giant’s stock, valued at approximately $34,406,000. Amazon.com comprises approximately 1.9% of Flagship Harbor Advisors LLC’s holdings, making the stock its 8th biggest position. A number of other institutional investors and hedge funds have also made changes to their positions in AMZN. Vanguard Group Inc. lifted its stake in shares of Amazon.com by 1.9% in the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after purchasing an additional 14,724,687 shares during the period. Swedbank AB purchased a new position in Amazon.com in the first quarter valued at about $2,239,757,000. Capital World Investors lifted its position in shares of Amazon.com by 64.6% during the 1st quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock valued at $5,295,899,000 after acquiring an additional 11,524,463 shares during the period. Capital Research Global Investors boosted its stake in shares of Amazon.com by 8.5% during the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after acquiring an additional 6,810,145 shares in the last quarter. Finally, Strategic Financial Concepts LLC grew its holdings in shares of Amazon.com by 13,606.7% in the 2nd quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant’s stock worth $759,971,000 after acquiring an additional 3,903,889 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds. Insider Activity In other Amazon.com news, Director Jonathan Rubinstein sold 5,004 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the transaction, the director now directly owns 99,396 shares of the company’s stock, valued at $19,864,290.60. This represents a 4.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website . Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the sale, the insider now directly owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The disclosure for this sale can be found here . Insiders have sold 6,011,423 shares of company stock worth $1,249,093,896 over the last 90 days. Company insiders own 10.80% of the company’s stock. Amazon.com Stock Down 0.6 % Amazon.com ( NASDAQ:AMZN – Get Free Report ) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 earnings per share. Equities research analysts forecast that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year. Wall Street Analyst Weigh In A number of analysts have commented on AMZN shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $230.00 target price on shares of Amazon.com in a research report on Monday, October 7th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Rosenblatt Securities lifted their target price on shares of Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Piper Sandler upped their price target on shares of Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Finally, Needham & Company LLC lifted their price objective on Amazon.com from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating, forty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $235.77. Read Our Latest Stock Report on Amazon.com About Amazon.com ( Free Report ) Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content. Featured Articles Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. ( NASDAQ:AMZN – Free Report ). Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter .GSA Capital Partners LLP Takes Position in Webster Financial Co. (NYSE:WBS)
Sambhal (UP), Nov 24 (PTI) Three people were killed and scores of others, including around 20 security personnel and four personnel of the administration, were injured as protesters opposing a court-ordered survey of a Mughal-era mosque here clashed with police on Sunday. The protesters torched vehicles and pelted stones at the police, who used tear gas and batons to disperse the mob. "Shots were fired by the miscreants... the PRO of the superintendent of police suffered a gunshot to the leg, the police circle officer was hit by pellets and 15 to 20 security personnel were injured in the violence," Moradabad Divisional Commissioner Aunjaneya Kumar Singh said. He said that a constable also suffered a serious head injury, while the deputy collector fractured his leg. Internet services have been suspended in Sambhal tehsil for 24 hours and the district administration declared a holiday on November 25 for all students up to Class 12. Images shared on social media showed protesters pelting stones at cops from atop buildings and in front of the Shahi Jama Masjid. Later, police personnel were purportedly seen cornering and hitting people as they tried to disperse a large crowd in a narrow alleyway. Visuals also showed a lane strewn with a large number of slippers, bricks and stones. In another purported clip, some police personnel in riot gear were seen firing gunshots towards a lane while flames leapt and smoke billowed into the air in the background. One purported clip showed Superintendent of Police (SP) Krishan Kumar urging stone-pelters not to indulge in violence. "Do not spoil your future for these politicians," he is heard saying through his megaphone. Tension has been brewing in Sambhal since Tuesday when the Jama Masjid was surveyed on the orders of a local court following a petition that claimed that a Harihar temple stood at the site. "Three people, identified as Naeem, Bilal and Nauman, have been killed," Singh said. Fifteen people, including two women, have been detained and a probe has been launched, the official said, adding that those accused in the violence would be booked under the stringent National Security Act (NSA). District Magistrate Rajender Pensiya said, "The casualty count stands at three. The reason for the death of two of them is clear -- bullet wounds from countrymade pistols. The reason for the death of the third person is not clear, but it will be after the post-mortem examination." The trouble started on Sunday morning when a large group of people gathered near the Shahi Jama Masjid and started shouting slogans as the survey team began their work. District officials said the survey could not be completed on Tuesday and was planned for Sunday morning to avoid interference with prayers that are usually held in the afternoon. SP Kumar told reporters later that there was peace in the area. "Internet service will remain closed for one day in Sambhal tehsil," he said. The SP added that an FIR has been registered at the Sambhal police station and the 20-22 policemen, who were injured, were giving their statements. He said that the constable who suffered an injury to the head has been sent to the Meerut Medical College and his condition is critical. Kumar said the mobile phones of those who have been detained were being checked. Elaborating on the incident, Singh said when the survey team was leaving after completing the exercise, some people started pelting stones. "There were groups on three sides. One from the front, one from the right and one from the left. They were continuously pelting stones. Police used force so that the survey team could be taken out and escorted safely. Tear gas shells were also fired. Plastic bullets were used," the divisional commissioner said. "So far, 15 people have been detained... This is definitely an act of provocation in which lives have also been lost," he said and appealed to people to maintain peace. Singh said the survey work was being done under court orders. "It was going on peacefully... Nothing has been done in the survey that may tamper with the structure of the mosque. In fact, in the stone-pelting that happened today, stones were definitely thrown at the mosque," he added. "We are talking to the public representative. So far, the situation is under control, and completely peaceful. Force has been called from outside to keep the situation under control," he said. Singh said that efforts are on to identify the people who had provoked the crowd. Opposition leaders in Uttar Pradesh, including Samajwadi Party chief Akhilesh Yadav, blamed the BJP for the violence, alleging that the survey team was sent to the mosque by the party to nurture its "politics of hatred". The BJP, in turn, alleged that the INDIA alliance had been trying to create unrest since the Lok Sabha polls. It said that those who do not agree with judicial orders should take legal recourse. "Nobody has any right to break the law. If a court has passed an order, it will be implemented. The judicial process is available for those who want the order amended," party spokesperson Nalin Kohli said. According to the local administration, a second survey by an "Advocate Commissioner" as part of a court-ordered examination into the disputed site started around 7 am and a crowd began gathering there. Director General of Police Prashant Kumar said police and civil administration officials are on the ground and strict action will be taken against the culprits. Additional police units have been deployed near the mosque to ensure law and order, he said. On Saturday, the Sambhal district administration "bound down" 34 people on a bond of up to Rs 10 lakh on apprehension of a breach of peace. Among them was Mamlukur Rahman Barq, the father of the Samajwadi Party's Sambhal MP Zia ur Rahman Barq, Subdivisional Magistrate Vandana Mishra told PTI. Supreme Court lawyer Vishnu Shankar Jain, who is a petitioner in the case, earlier said the Court of Civil Judge (Senior Division) ordered the constitution of an "Advocate Commission" to survey the mosque. The court has said that a report should be filed after conducting a videography and photography survey through the commission, he said. On Sunday, Jain urged the Archaeological Survey of India (ASI) to take control of the "temple". "There are chances of chances of destruction of evidence. It is an ASI-protected monument. ASI must intervene immediately," he said on X. Vishnu Shankar Jain and his father Hari Shankar Jain have represented the Hindu side in many cases related to places of worship, including the Gyanvapi Mosque-Kashi Vishwanath temple dispute. Gopal Sharma, a local lawyer for the Hindu side, claimed that the temple that once stood at the site was demolished by Mughal Emperor Babur in 1529. (This story has not been edited by THE WEEK and is auto-generated from PTI)Published 5:58 pm Monday, December 2, 2024 By Data Skrive Ranked squads will be on Tuesday’s college basketball schedule for six games, including the Holy Cross Crusaders playing the UConn Huskies. Watch women’s college basketball, other live sports and more on Fubo. What is Fubo? Fubo is a streaming service that gives you access to your favorite live sports and shows on demand. Use our link to sign up for a free trial. Catch tons of live women’s college basketball , plus original programming, with ESPN+ or the Disney Bundle.
It it the second time Du Toit, 32, has picked up the accolade following his success in 2019. He came out ahead of two of his Springbok teammates Eben Etzebeth, who was nominated for a third time, and Cheslin Kolbe, as well as Ireland’s Caelan Doris. He succeeds New Zealander Ardie Savea. A world champion with the Boks in 2019 and 2023, Du Toit was again in outstanding form in 2024, a key member of the side that won the Rugby Championship for the first time in five years, finishing with five wins and one defeat. During the November tour, they easily disposed of Scotland and Wales and also beat England at Twickenham. Du Toit, who has 86 caps, joins New Zealand fly-half Beauden Barrett as a double winner of the award with All Black greats Dan Carter and Richie McCaw winning three times each. France captain Antoine Dupont, who won the 15-a-side award in 2021, became the first man to win both categories when he was named Sevens player of the year for his role in helping France to the gold medal at the Paris Olympics. England back Ellie Kildunne, who scored 14 tries in 10 matches, won the women’s 15-a-side award with Australia’s Maddison Levi named as best Sevens player. The winners in this category were chosen by a panel made up of ex-players, coaches and journalists.Evening Tally: ‘Political begrudger’ is a more accurate description of those late deciding voters
LAUSANNE , Switzerland , Dec. 2, 2024 /PRNewswire/ -- ADC Therapeutics SA (NYSE: ADCT), a commercial-stage global leader and pioneer in the field of antibody drug conjugates (ADCs), today announced that the Company has made grants of options to purchase an aggregate of 34,900 of the Company's common shares to three new employees on December 2, 2024 (each, a "Grant"). The Grants were offered as material inducement to the employees' employment. The grants were approved by the Compensation Committee of the Company's Board of Directors pursuant to the Company's Inducement Plan to motivate and reward the recipients to perform at the highest levels and contribute significantly to the success of the Company. The Grants were made in reliance on the employment inducement exemption under the NYSE's Listed Company Manual Rule 303A.08. The Company is issuing this press release pursuant to Rule 303A.08. The Grants shall vest and become exercisable 25% on the first anniversary of the grant date, and 1/48th of the aggregate number of shares subject to the award on each monthly anniversary of the grant date thereafter, such that the entire award will be vested as of the fourth anniversary of the grant date, subject to continued employment with the Company. About ADC Therapeutics ADC Therapeutics (NYSE: ADCT) is a commercial-stage global leader and pioneer in the field of antibody drug conjugates (ADCs). The Company is advancing its proprietary ADC technology to transform the treatment paradigm for patients with hematologic malignancies and solid tumors. ADC Therapeutics' CD19-directed ADC ZYNLONTA (loncastuximab tesirine-lpyl) received accelerated approval by the FDA and conditional approval from the European Commission for the treatment of relapsed or refractory diffuse large B-cell lymphoma after two or more lines of systemic therapy. ZYNLONTA is also in development in combination with other agents and in earlier lines of therapy. In addition to ZYNLONTA, ADC Therapeutics has multiple ADCs in ongoing clinical and preclinical development. ADC Therapeutics is based in Lausanne (Biopôle), Switzerland , and has operations in London and New Jersey . For more information, please visit https://adctherapeutics.com/ and follow the Company on LinkedIn . ZYNLONTA ® is a registered trademark of ADC Therapeutics SA. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In some cases you can identify forward-looking statements by terminology such as "may", "will", "should", "would", "expect", "intend", "plan", "anticipate", "believe", "estimate", "predict", "potential", "seem", "seek", "future", "continue", or "appear" or the negative of these terms or similar expressions, although not all forward-looking statements contain these identifying words. Forward-looking statements are subject to certain risks and uncertainties that can cause actual results to differ materially from those described. Factors that may cause such differences include, but are not limited to: the expected cash runway into mid-2026 the Company's ability to grow ZYNLONTA ® revenue in the United States ; the ability of our partners to commercialize ZYNLONTA ® in foreign markets, the timing and amount of future revenue and payments to us from such partnerships and their ability to obtain regulatory approval for ZYNLONTA ® in foreign jurisdictions; the timing and results of the Company's or its partners' research and development projects or clinical trials including LOTIS 5 and 7, ADCT 602 as well as early research in certain solid tumors with different targets, linkers and payloads; the timing and results of investigator-initiated trials including those studying FL and MZL and the potential regulatory and/or compendia strategy and the future opportunity; the timing and outcome of regulatory submissions for the Company's products or product candidates; actions by the FDA or foreign regulatory authorities; projected revenue and expenses; the Company's indebtedness, including Healthcare Royalty Management and Blue Owl and Oaktree facilities, and the restrictions imposed on the Company's activities by such indebtedness, the ability to comply with the terms of the various agreements and repay such indebtedness and the significant cash required to service such indebtedness; and the Company's ability to obtain financial and other resources for its research, development, clinical, and commercial activities. Additional information concerning these and other factors that may cause actual results to differ materially from those anticipated in the forward-looking statements is contained in the "Risk Factors" section of the Company's Annual Report on Form 10-K and in the Company's other periodic and current reports and filings with the U.S. Securities and Exchange Commission. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance, achievements or prospects to be materially different from any future results, performance, achievements or prospects expressed in or implied by such forward-looking statements. The Company cautions investors not to place undue reliance on the forward-looking statements contained in this document. CONTACTS: Investors Marcy Graham ADC Therapeutics Marcy.Graham@adctherapeutics.com +1 650-667-6450 Media Nicole Riley ADC Therapeutics Nicole.Riley@adctherapeutics.com +1 862-926-9040 View original content to download multimedia: https://www.prnewswire.com/news-releases/adc-therapeutics-makes-grants-to-new-employees-under-inducement-plan-302320100.html SOURCE ADC Therapeutics SA