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A U.S. appeals court has halted enforcement of an anti-money laundering law that requires corporate entities to disclose the identities of their real beneficial owners to the U.S. Treasury Department ahead of a deadline for most companies to do so. The New Orleans-based 5th U.S. Circuit Court of Appeals late Thursday reinstated a nationwide injunction that had been issued earlier this month by a federal judge in Texas who had concluded the Corporate Transparency Act was unconstitutional. The order marked a change of course for the court. On Monday, a three-judge panel of the 5th Circuit at the urging of the U.S. Department of Justice put the injunction on hold while the government appealed the Texas judge's decision. But a different panel will ultimately decide whether to uphold the judge's ruling, and in Thursday's order, the court said it decided to keep enforcement of the law paused "to preserve the constitutional status quo while the merits panel considers the parties' weighty substantive arguments." Most companies had before Thursday's order faced a Jan. 13 deadline to submit their initial reports to the Treasury Department's Financial Crimes Enforcement Network (FinCEN). Invest wisely: Best online brokers The injunction had been obtained by the National Federation of Independent Business, which along with several small businesses challenged the law through lawyers at the conservative Center for Individual Rights. Holiday week stocks: The stock market is slumping today. Why is the 'Santa rally' over? "Given that we have established that the CTA is likely unconstitutional, this intrusive form of government surveillance should be halted until the law's fate is finally resolved," Todd Gaziano, the Center for Individual Rights' president, said in a statement. FinCEN did not respond to requests for comment. Under the law, which was enacted in 2021, corporations and LLCs were required to report information concerning their beneficial owners to FinCEN, which collects and analyzes information about financial transactions to combat money laundering and other crimes. The measure's supporters said it was designed to address the country's growing popularity as a venue for criminals to launder illicit funds by setting up entities like limited liability companies under state laws without disclosing their involvement. U.S. District Judge Amos Mazzant in Sherman, Texas, on Dec. 3 ruled Congress had no authority under its powers to regulate commerce, taxes and foreign affairs to adopt the "quasi-Orwellian statute" and that it likely violated states' rights under the U.S. Constitution's Tenth Amendment. Reporting by Nate Raymond in Boston; Editing by Chizu NomiyamaPanaji: Father Felix Lobo is busy manning the counter of the St Joseph Vaz canteen at Old Goa , making note of the orders he has to deliver and the cash that’s left in the drawer. Located on the grounds of the St Cajetan Church, just across the Se Cathedral where the relics of Saint Francis Xavier have been kept for public veneration, the canteen serves a variety of delicious Goan dishes, with the ‘Oxtail soup’ listed as a speciality. With whatever money he can make at the end of the 45-day Exposition, the diocesan priest wants to help the poor in Goa’s remote areas and invest in building a school in Mollem dedicated to St Joseph Vaz, a Goan celebrated as one of the greatest missionaries in South Asian history. “Right now, we have very few students (at the St Joseph Vaz Kindergarten) since we are running from a private house whose construction was abandoned,” Lobo told TOI . “It’s for nursery and pre-primary students, and I will continue to run the school, no matter the difficulties.” In 2000, when Lobo was posted at the St. Joseph Church in Usgao, where he eventually served as the parish priest for 17 years, he started a kindergarten, largely catering to migrant and underprivileged communities. The kindergarten was upgraded to a high school after then chief minister Manohar Parrikar gave the green signal. “We took care of everything (for the needy) and charged very little to those who could afford to pay. For about a thousand rupees (a month), we provided free uniforms, books, stationery and even transport. 80% of our students were migrants,” said Lobo, now in charge of diocesan properties in Mollem, Collem, Usgao, Valpoi, and Kale. Lobo has made it his mission to provide a helping hand to the needy. During the Covid-19 pandemic, Lobo mobilised funds to purchase 30 cellphones for students from economically-weak families, so that they could attend online classes. He has also helped poor families in remote areas, building houses, providing electric sewing machines to families who later made scapulars, and generating employment with the production of communion wafers. “The scope for social work has widened. I want people to be happy. I will not keep any money in the bank because there’s always someone in need. When I do something, I don’t look at the money. I just look at the need,” said Lobo. It was during the last Exposition in 2014 that Lobo was invited to cater to the visiting pilgrims by Fr Alfred Vaz, then convener of the Exposition committee. He had a dedicated order list of catering to approximately 600 pilgrims, providing three meals a day at Rs 125. After 45 days of work, he ended up making a profit of Rs 18 lakh, good enough to clear a loan of Rs 15 lakh that he had taken to procure two buses for school students in Usgao. The remaining Rs 3 lakh was spent on purchasing stationery for the students. This time around, Lobo is not expecting similar profits, not even remotely close. “We had orders for 600 pilgrims in 2014, now it’s only about 150-200 (at the pilgrims’ village). The canteen is also located at a place which is not easily seen, so people miss (noticing) this canteen and the delicious food that we serve. I haven’t got as many visitors here as I would have liked, but there’s still some hope (till the end of the Exposition on Jan 5),” said Lobo, who plans to serve customers a special Christmas and New Year buffet. Stay updated with the latest news on Times of India . Don't miss daily games like Crossword , Sudoku , and Mini Crossword . Spread love this holiday season with these Christmas wishes , messages , and quotes.Colorado hands No. 2 UConn second straight loss in Maui

Wall Street shrugs off weak data as Big Tech stocks rallyFed’s recent rate cuts could improve borrowing options for state and local government projectsTwo financial backers of the Geelong Football Club have been accused in court documents of orchestrating an elaborate fraud estimated at $14.5 million against one of the nation’s largest service providers for the National Disability Insurance Scheme. Not-for-profit organisation genU has launched Supreme Court action against its former information technology operations manager, Sy Giang Nguyen, and Geelong businessman Keith Greenwood, who owns an office supplies company in Geelong West. Former genU IT operations manager Sy Giang Nguyen (circled) in a past photo with the Geelong team. Nguyen allegedly colluded with Greenwood to siphon millions of dollars from the registered charity by buying or leasing thousands of IT products on behalf of genU that were never delivered, according to documents filed in the Supreme Court of Victoria. Greenwood’s business, Ryrie Office Machines, is also accused of oversupplying and overcharging for IT hardware and software ordered by Nguyen, who had worked for genU since it was founded in 2016. GenU, which has 5500 staff and provides disability, aged care and employment services, became aware of the alleged fraud in September 2021, when an employee detected allegedly suspicious transactions. Nguyen was dismissed in October 2022 and police were notified in December that year. GenU engaged a forensic auditor, a private investigator and law firm RBK Legal as part of an internal probe which discovered Nguyen was living in a $5 million property in Geelong owned by Greenwood. Nguyen in happier times. Nguyen is accused in court documents of living at another property, owned by Greenwood, in the Geelong suburb of Newtown, while also spending significant time at Crown casino, where he had access to a luxury villa. Documents obtained by a private investigator reveal Nguyen corresponding with Crown Hotels’ former chief executive Peter Crinis. In 2015, Nguyen helped set a Guinness World Record when he consumed the world’s most expensive cocktail – a $12,500 drink known as “The Winston” – at Crown’s former venue Club 23. Nguyen did not finish the drink, made with 1858-vintage Croizet Cuvee Leonie cognac, and was reimbursed for the entire cost of the cocktail by Crown Resorts. Despite earning a base salary of $140,000 at genU, Nguyen showered associates with lavish gifts, including overseas holidays, domestic flights, sporting memorabilia and tickets to major events, according to court documents. A surveillance report included in court documents also revealed Nguyen “attending Kardinia Park (Geelong Football Club) soon after the grand final (2022) and attending a meeting with a recently retired Geelong player”. Keith Greenwood, a Geelong businessman and co-owner of Ryrie Office Machines, is accused in court documents of being involved in a massive fraud against genU. Greenwood and his business are also long-term sponsors of the Cats, and also major benefactors of a gallery and theatre company in Geelong. The website for Ryrie Office Machines claims the business has been an “integral part of the Geelong Football Club for over a decade” and is “synonymous with quality and trust” in the Geelong community. On September 26, the Supreme Court granted genU a freezing order against assets controlled by Nguyen, Greenwood and Ryrie Office Machines, which is owned by Greenwood’s company, Basswood Nominees Pty Ltd. The court order stops the pair disposing of several properties around Geelong, along with $6 million in proceeds from the recent sale of a development site in Leopold previously owned by Greenwood. GenU is set to launch civil action against Nguyen and Greenwood in a bid to claw back estimated losses of $14.5 million. The pair are accused of fraud and theft, while Nguyen is also alleged to have breached a fiduciary duty to his former employer, according to a draft statement of claim due to be filed by Friday. An affidavit by genU chief executive Clare Amies accuses Nguyen and Greenwood of colluding to submit invoices for IT equipment that was not delivered, while also oversupplying and overcharging for IT hardware and software. Nguyen is alleged to have leased or bought 3815 products from Ryrie Office Machines that were not supplied, including 182 servers, 542 desktop and 309 laptop computers, 1462 monitors and 989 docking stations, according to more than 600 pages of court documents obtained by The Age . Greenwood’s IT business also allegedly charged genU more than $2.2 million for six different software licences that appear to have never been delivered to the not-for-profit organisation. “It appears that Mr Nguyen has orchestrated a fraudulent scheme in respect of the supply of IT hardware and software to genU for the benefit of himself and another, being Ryrie Office Machines,” Amies stated in an affidavit signed on September 23. Nguyen tosses the coin before a Geelong-Adelaide AFL game in August. Credit: Fox Footy Detectives from the financial crime squad arrested and interviewed Nguyen, 57, on August 1, after executing a warrant at his Newtown home. No charges have been laid against him. Two days after his arrest, Nguyen greeted Geelong captain Patrick Dangerfield and tossed the coin before a match between the Cats and Adelaide at GMHBA Stadium on August 3. Greenwood was arrested and interviewed on September 5, and released without charge as the fraud investigation continues. A police spokeswoman confirmed the pair are the subject of an investigation that began in February 2023 after police were notified by genU management in December 2022. A Geelong property owned by Greenwood. Credit: Justin McManus “Detectives have obtained financial and business records from the organisation and these continue to be forensically assessed,” the spokeswoman said. Amies released a statement to The Age confirming that legal proceedings had commenced against “various defendants for alleged and serious misconduct perpetuated against genU”. “Since joining in 2020, I have been committed to leading an organisation that has the systems, processes and leadership in place to prevent, detect and transparently pursue acts of wrongdoing,” Amies said. “Good governance dictates that those charged with stewardship responsibilities do their utmost to investigate and act decisively to right any wrongs affecting genU’s interests, which is what the current collective leadership did and will continue to do.” HWL Ebsworth Lawyers partner Colin Almond, acting for Greenwood, declined to comment while the matter was before court, but denied “any allegation of wrongdoing or involvement in any improper or illegal conduct” by his client. Geelong Football Club was contacted for comment. Nguyen’s lawyer, Roger Vrachnas from Gigliotti Lawyers, declined to comment. RBK Legal lawyer Michael Hazell, who is acting for genU, also declined to comment. Start the day with a summary of the day’s most important and interesting stories, analysis and insights. Sign up for our Morning Edition newsletter .

Week 17 of the NFL season is here. The penultimate week of the 2024 regular season sees five divisional contests and another four between teams currently in playoff position. There will be NFL games on Christmas for the fourth year in a row. But what about Christmas Eve? Here's what to know about the holiday week of action in the NFL. Beyoncé NFL halftime show: Time, TV channel, how to watch Christmas performance What NFL games are on Christmas? Teams, matchups for the two games Are there any NFL games on Christmas Eve? No, the NFL did not schedule any games on Christmas Eve this season. There are NFL games on five different days this week but none are scheduled for Christmas Eve. NFL STATS CENTRAL: The latest NFL scores, schedules, odds, stats and more. There will be a doubleheader of NFL games on Christmas and "Thursday Night Football" the day after Christmas. NFL Christmas games The NFL is playing two Christmas games this year instead of three like in 2023 and 2022. They feature the four teams that played on Saturday in Week 16. The Pittsburgh Steelers (10-5) host the AFC West champion Kansas City Chiefs (14-1) in the first game of the day starting at 1 p.m. ET. The Baltimore Ravens (10-5) host the Houston Texans (9-6) in the second game of the holiday starting at 4:30 p.m. ET. How to watch NFL Christmas games Pittsburgh Steelers vs. Kansas City Chiefs Houston Texans vs. Baltimore Ravens Netflix will stream both games in the doubleheader live on Christmas. NFL fans in the United States outside of the competing teams' markets will need to sign into their Netflix account – or subscribe to the streaming service – to watch. Both matchups will be available with any Netflix plan. The NFL will also stream the games on its premium subscription service, NFL+, on mobile devices.None

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In this article DELL Follow your favorite stocks CREATE FREE ACCOUNT Michael Dell, chairman and chief executive officer of Dell Inc., speaks during the Dell Technologies World conference in Las Vegas, Nevada, US, on Monday, May 20, 2024. Bridget Bennett | Bloomberg | Getty Images Dell Technologies reported quarterly earnings on Tuesday that beat analyst expectations for earnings per share but came up light on overall revenue. Shares fell 6% in after-hours trading. Here's how Dell did for the fiscal third quarter versus LSEG consensus estimates for the quarter ending Nov. 1: Earnings per share: $2.15 adjusted versus $2.06 expected Revenue : $24.4 billion versus $24.67 billion expected Net income climbed 12% to $1.12 billion, or $1.58 per share, from about $1 billion, or $1.36 per share, in the year-ago period . Overall revenue increased about 10% from $22.25 billion a year ago. Dell will give a forecast for how it sees the current quarter shaping up on the call. The company's shares have risen 86% so far in 2024 as investors realize it's one of the most important companies selling tools and systems for artificial intelligence developers. Dell is a top vendor for computer clusters required to develop and deploy artificial intelligence, especially computers based around Nvidia chips. It competes against other server makers such as Supermicro and HPE , as well as manufacturers in Asia. Demand for Nvidia's AI accelerators remains high from cloud providers, enterprises, and government institutions, who often buy systems installed with tens of thousands of AI chips. Dell sells the completed systems. This year, Nvidia CEO Jensen Huang hailed Dell and its founder Michael Dell as the company to contact to place orders for its new Blackwell AI chips. "AI is a robust opportunity for us with no signs of slowing down," said Dell chief operating officer Jeff Clarke in a statement. Dell's AI server sales are reported in the company's Infrastructure Solutions Group (ISG), which includes AI servers, storage, networking components, and traditional servers. The group's revenue rose 34%, mostly driven by AI sales, to $11.4 billion. The strongest part of Dell's ISG business was its Servers and Networking subsidiary, which includes AI systems. Revenue rose 58% to $7.4 billion. Dell shipped $2.9 billion in AI servers during the quarter, and the company said during the quarter that customers had booked $3.6 billion dollars of future AI server orders. The company said increased AI server orders boosted demand by "double digits" for its traditional servers, which are less power-hungry and based around CPU chips from Intel or AMD, and can free up room or power inside data centers for companies investing heavily into AI infrastructure. The company's computer storage systems grew less strongly than servers, rising 4% to $4 billion. The overall ISG unit is more profitable, thanks to sales of pricier AI systems. Dell's Client Solutions Group, which sells PCs and laptops to consumers and enterprises, declined 1% on an annual basis to $12.1 billion. While commercial clients buying PCs for their workforce rose 3% on an annual basis to $10.1 billion, the company's sales from PCs to consumers fell 18% on an annual basis to $2 billion.( ) shares are starting the week on a positive note. In morning trade, the ASX 300 battery tech stock is up 11% to 82 cents. Why is this ASX 300 battery tech stock jumping? Investors have been snapping up Novonix shares today after the company a binding offtake agreement. This is the second agreement of its type it has announced this month. The first was . Today's agreement is with PowerCo. It was established by auto giant in 2022 and is committed to ramp-up global battery cell production. PowerCo oversees international factory operations, advances in cell technology, and vertical integration of the battery value chain. It has identified three gigafactory locations – Salzgitter in Germany, Valencia in Spain, and St. Thomas in Canada. These have a combined capacity of up to 200 GWh/year. Offtake agreement According to the release, the binding offtake agreement is for a minimum of 32,000 tonnes of high-performance synthetic graphite material. This material will be supplied to PowerCo over a five-year term starting in 2027. This is subject to the ASX 300 battery tech stock achieving agreed upon milestones regarding final mass production qualification and satisfying certain compliance criteria. It must also secure financing commitments for the production facilities that will supply PowerCo product. Products will be priced under an undisclosed pricing structure that has been agreed between the parties. This agreement follows the previously announced signing of a non-exclusive testing and development agreement back in March. Riverside production plans The ASX 300 battery tech stock notes that this agreement means that its Riverside facility is poised to become the first large-scale production site dedicated to high-performance synthetic graphite for the battery sector in North America. It is slated to begin commercial production in 2025, with plans to grow output to 20,000 tonnes per annum (tpa) to meet current customer commitments. But it won't stop there. The demand outlook is so positive that Novonix is progressing plans to build a second production facility in southeastern United States that will have an initial capacity of 30,000 tpa and plans to expand that facility to 75,000 tpa. It is in discussions with the U.S. Department of Energy Loan Program Office (LPO) for an Advanced Technology Vehicles Manufacturing Program loan to support the construction of this new production facility. As things stand, ASX 300 battery tech stock's current plans call for total production to increase to at least 150,000 tpa of synthetic graphite material to accommodate anticipated customer demand.

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