The great debate on phones in schools

Madikeri: Karnataka Minister for Minor Irrigation, Science and Technology, NS Boseraju, announced that a Swabhimani Sammelan (Self-respect convention) will be held in Hassan, similar to the one conducted earlier in Raichur. The event will be held under the banner of the party and will focus on addressing issues faced by backward classes, minorities, and economically disadvantaged sections. Speaking to the media in Madikeri, Minister Boseraju responded to questions about the upcoming gathering, which will be organised by the Ahinda community and supported by Congress. He stated that the event in Hassan would see participation from KPCC President and Deputy Chief Minister DK Shivakumar, Congress workers, and people from the Ahinda community. He clarified that the purpose of the gathering was to raise a voice against the ongoing conspiracies against Chief Minister Siddaramaiah, the Congress government, and their efforts to protect the interests of the marginalized. Boseraju further criticised the BJP, accusing them of undermining development work happening in the state. He condemned BJP leaders, particularly opposition leader Ashoka, for making baseless allegations daily. According to Boseraju, such statements were aimed at diverting attention from the development progress and were likely intended to assert internal power struggles within the BJP. The Minister also discussed the upcoming winter session of the state legislature, noting that the Chief Minister had instructed all Cabinet members to be prepared to answer questions effectively and confidently, particularly in response to allegations made by opposition parties. On the topic of BJP leaders’ approach to constitutional issues, Boseraju accused them of hypocrisy. He noted that while BJP leaders criticised others for their statements against the Constitution, they themselves were involved in similar actions without facing consequences. Boseraju also addressed concerns regarding JD(S) leader HD Kumaraswamy's decision to field his son Nikhil Kumaraswamy in the upcoming by-election. He revealed that BJP leaders were already aware of this development months ago, and feared that a victory by Nikhil would undermine BJP’s position in the state. Referring to comments by Congress leader DK Shivakumar, Boseraju suggested that BJP leaders were indirectly providing support to Congress in this political manoeuvre.

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FAIRMONT, W.Va.--(BUSINESS WIRE)--Nov 21, 2024-- MVB Financial Corp. (NASDAQ: MVBF) (“MVB Financial,” “MVB,” or the “Company”) has declared a quarterly cash dividend of $0.17 per share, maintaining the dividend declared in the previous quarter for shareholders of record as of December 1, 2024, payable on December 15, 2024. This is the fourth quarterly dividend for 2024. “We are pleased to continue to add value for our shareholders and encouraged by the adaptability of Team MVB and the resilience of our business model,” said Larry F. Mazza, Chief Executive Officer, MVB Financial. “MVB’s foundational strength remains intact, evidenced by stable asset quality, an enhanced capital base and growth in tangible book value per share. We are increasingly well-positioned for future growth and improved profitability.” About MVB Financial Corp. MVB Financial Corp., the holding company of MVB Bank, Inc., is publicly traded on The Nasdaq Capital Market® under the ticker “MVBF.” Nasdaq is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its subsidiary, MVB Bank, Inc., and the Bank's subsidiaries, the Company provides banking services to Fintech clients throughout the United States. For more information about MVB, please visit http://ir.mvbbanking.com . Forward-Looking Statements MVB Financial has made forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, in this press release that are intended to be covered by the protections provided under the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations about the future and are subject to risks and uncertainties. Forward-looking statements include, without limitation, information concerning possible or assumed future results of operations of the Company and its subsidiaries. Forward-looking statements can be identified by the use of words such as “may,” “could,” “should,” “would,” “will,” “plans,” “believes,” “estimates,” “expects,” “anticipates,” “intends,” “continues,” or the negative of those terms or similar expressions. Note that many factors could affect the future financial results of the Company and its subsidiaries, both individually and collectively, and could cause those results to differ materially from those expressed in forward-looking statements. Therefore, undue reliance should not be placed upon any forward-looking statements. Those factors include but are not limited to: market, economic, operational, liquidity, and credit risk; changes in market interest rates; impacts related to or resulting from recent bank failures and volatility; inability to achieve anticipated synergies and successfully integrate recent mergers and acquisitions; inability to successfully execute business plans, including strategies related to investments in Fintech companies; competition; the pace of recovery following the continued effects of the COVID-19 pandemic and its impact on the Company’s business and financial condition; changes in economic, business, and political conditions; changes in demand for loan products and deposit flow; operational risks and risk management failures; and government regulation and supervision. Additional factors that may cause actual results to differ materially from those described in the forward-looking statements can be found in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022, as well as its other filings with the Securities and Exchange Commission (“SEC”), which are available on the SEC’s website at www.sec.gov . Except as required by law, the Company disclaims any obligation to update, revise, or correct any forward-looking statements. View source version on businesswire.com : https://www.businesswire.com/news/home/20241121464014/en/ CONTACT: MEDIA CONTACT Amy Baker VP, Corporate Communications and Marketing MVB Bank abaker@mvbbanking.com (844) 682-2265INVESTOR RELATIONS Marcie Lipscomb mlipscomb@mvbbanking.com (844) 682-2265 KEYWORD: WEST VIRGINIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE SOURCE: MVB Financial Corp. Copyright Business Wire 2024. PUB: 11/21/2024 04:30 PM/DISC: 11/21/2024 04:30 PM http://www.businesswire.com/news/home/20241121464014/enUPS (NYSE: UPS) continues to struggle through a difficult period. The small package delivery market is over capacity, pressuring pricing power at a time when a weak economy is encouraging customers to shift to cheaper delivery options. It all adds up to a difficult period for UPS, and the company will end 2024 with significantly lower earnings than management anticipated at the start of the year. UPS will likely be a big winner if interest rates head lower. Here's why. Not just about end demand Interest rates are affecting not only UPS' end markets, but also its business model. CEO Carol Tome's tenure has been characterized by her admonishment of the "better not bigger" operating framework. Are You Missing The Morning Scoop? Breakfast News delivers it all in a quick, Foolish, and free daily newsletter. Sign Up For Free » In plain English, this implies focusing on targeted deliveries rather than chasing volume growth. This approach colors the company's structure and competitiveness in its end markets. The latter is the key to understanding why UPS needs lower interest rates. I'll return to that point in a moment. First, a few words on the cyclical benefit of lower rates. Lower rates will help volume growth Package deliveries have also been cyclical, and they always will be. When the economy is doing well, more physical goods are shipped, and vice versa. As such, the weakness in the economy over the last couple of years has negatively affected delivery volumes. Unfortunately, the delivery slowdown came after the package delivery companies ramped up capacity to align with the burgeoning demand created by pandemic lockdown measures. As management outlined during the investor day in March, the U.S. small package market has an excess capacity of some 12 million in average daily volume in 2024. It will take time for the industry to work through that overcapacity, and UPS, among others, is reducing capacity where necessary. Lower rates will spur business activity and consumer spending, leading to growth in package delivery volume, and customers will start switching back to more costly and more timely delivery options in response. UPS' business model will benefit, too Returning to the point about the UPS business model, it's fair to say that the "better not bigger" framework has been challenged this year. The company continued to focus on driving growth in selected end markets, such as higher-margin markets like small and medium-sized businesses (SMBs) and healthcare. Still, it's also taken on a significant amount of relatively lower revenue per piece volume of deliveries in 2024. You can see this in the chart below, where revenue per piece continues to decline, but volumes are growing again, leading to revenue growth. While it's not UPS' ideal scenario and seems inconsistent with "better not bigger," market conditions dictate it. A lower-interest-rate environment will improve overall package delivery demand and allow UPS to better align its business with its long-term strategy. There's little management can do about its end markets, and the pragmatic approach taken in 2024 -- by taking on lower revenue per piece deliveries -- is a net positive under the circumstances. UPS in 2025 With lower interest rates in 2025, UPS should be able to finesse a return to its core operating philosophy of growing in its targeted markets and hopefully improve its revenue per piece growth. That would be a positive development, because the good news from the third quarter came from its cost-per-piece reduction of 4.1% year over year. Not only is UPS doing an excellent job of cutting costs (the company is cutting 12,000 jobs this year to reduce cost by $1 billion) , it's also lapping the increases in costs associated with the improved labor contract agreed in 2023. Its medium-term plan, outlined in March, calls for ongoing investments in automation and smart facilities to improve network productivity, enabling UPS to consolidate its facilities and reduce cost per piece. A stock to buy? UPS has a lot to gain from a lower-rate environment: Improved pricing power, a potential improvement in revenue per piece while cost per piece is likely to be controlled, and UPS can return to focusing on higher-margin deliveries. It all speaks to a combination of revenue growth and margin expansion next year as the company recovers from a difficult couple of years. UPS is far from perfect, and there's no guarantee it will hit its full-year earnings expectations. But on balance, the stock looks like a good value, trading on 15.6 times estimated 2025 earnings. Should you invest $1,000 in United Parcel Service right now? Before you buy stock in United Parcel Service, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and United Parcel Service wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $829,378 !* Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than quadrupled the return of S&P 500 since 2002*. See the 10 stocks » *Stock Advisor returns as of November 25, 2024 Lee Samaha has no position in any of the stocks mentioned. The Motley Fool recommends United Parcel Service. The Motley Fool has a disclosure policy . If the Fed Keeps Cutting Interest Rates, This Stock Could Be a Winner was originally published by The Motley Fool