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Cameron Young leads Hero; new driver for Justin Thomas; new grip for Scottie Scheffler
NEW YORK — What a wonderful year 2024 has been for investors. U.S. stocks ripped higher and carried the S&P 500 to records as the economy kept growing and the Federal Reserve began cutting interest rates. The year featured many familiar winners, such as Big Tech, which got even bigger as their stock prices kept growing . But it wasn't just Apple, Nvidia and the like. Bitcoin , gold and other investments also drove higher. Here's a look at some of the numbers that defined the year. All are as of Dec. 20. 1998 Remember when President Bill Clinton got impeached or when baseball's Mark McGwire hit his 70th home run against the Montreal Expos? That was the last time the U.S. stock market closed out a second straight year with a leap of at least 20%, something the S&P 500 is on track to do again this year. The index has climbed 24.3% so far this year, not including dividends, following last year's spurt of 24.2%. 57 The number of all-time highs the S&P 500 has set so far this year. The first came early, on Jan. 19, when the index capped a two-year comeback from the swoon caused by high inflation and worries that high interest rates instituted by the Federal Reserve to combat it would create a recession. But the index was methodical through the rest of the year, setting a record in every month outside of April and August, according to S&P Dow Jones Indices. The latest came on Dec. 6. 3 The number of times the Federal Reserve has cut its main interest rate this year from a two-decade high, offering some relief to the economy. Expectations for those cuts, along with hopes for more in 2025, were a big reason the U.S. stock market has been so successful this year. The 1 percentage point of cuts, though, is still short of the 1.5 percentage points that many traders were forecasting for 2024 at the start of the year. The Fed disappointed investors in December when it said it may cut rates just two more times in 2025, fewer than it had earlier expected. 1,508 That’s how many points the Dow Jones Industrial Average rose by the day after Election Day, as investors made bets on what Donald Trump’s return to the White House will mean for the economy and the world . The more widely followed S&P 500 soared 2.5% for its best day in nearly two years. Aside from bitcoin, stocks of banks and smaller winners were also perceived to be big winners. The bump has since diminished amid worries that Trump’s policies could also send inflation higher. $100,000 The level that bitcoin topped to set a record above $108,000 this past month. It's been climbing as interest rates come down, and it got a particularly big boost following Trump's election. He's turned around and become a fan of crypto, and he's named a former regulator who’s seen as friendly to digital currencies as the next chair of the Securities and Exchange Commission, replacing someone who critics said was overly aggressive in his oversight. Bitcoin was below $17,000 just two years ago following the collapse of crypto exchange FTX. 26.7% Gold's rise for the year, as it also hit records and had as strong a run as U.S. stocks. Wars around the world have helped drive demand for investments seen as safe, such as gold. It's also benefited from the Fed's cut to interest rates. When bonds are paying less in interest, they pull away fewer potential buyers from gold, which pays investors nothing. $420 It's a favorite number of Elon Musk, and it's also a threshold that Tesla's stock price passed in December as it set a record. The number has a long history among marijuana devotees, and Musk famously said in 2018 that he had secured funding to take Tesla private at $420 per share . Tesla soared this year, up from less than $250 at the start, in part because of expectations that Musk's close relationship with Trump could benefit the company. $91.2 billion That's how much revenue Nvidia made in the nine months through Oct. 27, showing how the artificial-intelligence frenzy is creating mountains of cash. Nvidia's chips are driving much of the move into AI, and its revenue through the last nine months catapulted from less than $39 billion the year before. Such growth has boosted Nvidia's worth to more than $3 trillion in total. 74% GameStop’s gain on May 13 after Keith Gill, better known as “Roaring Kitty,” appeared online for the first time in three years to support the video game retailer’s stock, which he helped rocket to unimaginable heights during the “ meme stock craze ” in 2021. Several other meme stocks also jumped following his post in May on the social platform X, including AMC Entertainment. Gill later disclosed a sizeable stake in the online pet products retailer Chewy, but he sold all of his holdings by late October . 1.6%, 3.0% and 3.1% That's how much the U.S. economy grew, at annualized seasonally adjusted rates, in each of the three first quarters of this year. Such growth blew past what many pessimists were expecting when inflation was topping 9% in the summer of 2022. The fear was that the medicine prescribed by the Fed to beat high inflation — high interest rates — would create a recession. Households at the lower end of the income spectrum in particular are feeling pain now, as they contend with still-high prices. But the overall economy has remained remarkably resilient. 20.1% This is the vacancy rate for U.S. office buildings — an all-time high — through the first three quarters of 2024, according to data from Moody's. The fact the rate held steady for most of the year was something of a win for office building owners, given that it had marched up steadily from 16.8% in the fourth quarter of 2019. Demand for office space weakened as the pandemic led to the popularization of remote work. 3.73 million That's the total number of previously occupied homes sold nationally through the first 11 months of 2024. Sales would have to surge 20% year-over-year in December for 2024's home sales to match the 4.09 million existing homes sold in 2023, a nearly 30-year low. The U.S. housing market has been in a sales slump dating back to 2022, when mortgage rates began to climb from pandemic-era lows. A shortage of homes for sale and elevated mortgage rates have discouraged many would-be homebuyers.Unisys Appoints Michael M. Thomson as Chief Executive OfficerTrump wants pardoned real estate developer Charles Kushner to be ambassador to France
Thomson to succeed Peter A. Altabef, effective April 1 , 2025 Altabef, CEO since 2015, to remain as Chair of the Board BLUE BELL, Pa. , Dec. 5, 2024 /PRNewswire/ -- The Unisys (NYSE: UIS) Board of Directors announced today that it unanimously elected Mike Thomson , current President and Chief Operating Officer at Unisys, to succeed Peter Altabef as the company's CEO, effective April 1, 2025 . Also, effective April 1 , Thomson will join the company's Board and will retain his current title as President. Altabef, currently Chair and CEO, will continue as Chair of the Board. "On behalf of the entire Board, I am delighted to have a leader of Mike's caliber to be the next CEO and President of Unisys," said Altabef. "He is a proven executive who has exceptional leadership qualities and the experience to continue to advance our company. As our President and COO, Mike has helped shape and execute the strategies that have driven our strong ongoing performance, and he has a proven track record of operational excellence – both at Unisys and in other roles throughout his career – that position him well for the company's next chapter. Mike's passion for Unisys and the work we do for our clients, his authentic leadership, and deep knowledge of the business will make him an excellent CEO." Thomson joined Unisys in 2015 as the Corporate Controller and Principal Accounting Officer, advanced to Chief Financial Officer in 2019, and was named President and COO in 2021, responsible for overseeing the company's commercial organization and its business units, among other functions. For more than 25 years, Thomson has held progressively senior roles across a diverse set of industries, in addition to his most recent roles at Unisys, proving his strong ability to advance and run the operations of a company. "The selection of the CEO and ensuring a smooth and successful transition is one of the Board's most important responsibilities," said Nate Davis , Lead Independent Director of the Board. "Mike's skill at strengthening Unisys' financial standing and operational capabilities positions him to lead the company effectively. At the same time, we are fortunate to benefit from Peter's ongoing and active role as Chair. Peter's bold vision to build on the company's strong roots as an innovator was the catalyst for leading Unisys through a major brand and culture transformation, with results that made the company more relevant and visible to its clients, prospects, and other stakeholders. Peter has exemplified the Unisys culture and inspires people with his commitment to preparing for what's around the corner." Altabef has served as CEO since January 2015 , and as Board Chair since April 2018 . During his tenure, he has led the way for a new wave of innovation for the 151-year-old company. "I am honored to step into the CEO role," said Thomson. "Peter's leadership has positioned us well as a company, and I am proud to carry on that leadership legacy for our business and our people for the next chapter of the Unisys story. Our commitment to excellence and innovation for our clients and the drive for growth and improved profitability as part of our transformation journey remains strong. I look forward to continuing my relationship with Peter and working with our exceptional leadership team to deliver on our strategy and be prepared to capitalize on new opportunities that will propel us forward." Unisys' total company full-year revenue growth and non-GAAP operating profit margin guidance provided in its third-quarter 2024 earnings announcement on October 29, 2024 , has not changed. Forward-Looking Statements This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Words such as "anticipates," "estimates," "expects," "projects," "may," "will," "intends," "plans," "believes," "should" and similar expressions may identify forward-looking statements and such forward-looking statements are made based upon management's current expectations, assumptions and beliefs as of this date concerning future developments and their potential effect upon Unisys. There can be no assurance that future developments will be in accordance with management's expectations, assumptions and beliefs or that the effect of future developments on Unisys will be those anticipated by management. Forward-looking statements in this release include, but are not limited to, statements made in Messrs. Altabef, Davis and Thomson's quotations, any projections or expectations of growth and profitability, the assumptions and other expectations made in connection with our full-year 2024 financial guidance and statements regarding future economic conditions or performance. Additional information and factors that could cause actual results to differ materially from Unisys' expectations are contained in Unisys' filings with the U.S. Securities and Exchange Commission (SEC), including Unisys' Annual Reports on Form 10-K and subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other SEC filings, which are available at the SEC's web site, http://www.sec.gov . Information included in this release is representative as of the date of this release only and while Unisys periodically reassesses material trends and uncertainties affecting Unisys' results of operations and financial condition in connection with its preparation of management's discussion and analysis of results of operations and financial condition contained in its Quarterly and Annual Reports filed with the SEC, Unisys does not, by including this statement, assume any obligation to review or revise any particular forward-looking statement referenced herein in light of future events. All forward-looking statements in this press release are based on information currently available to us, and we assume no obligation to update these forward-looking statements in light of new information or future events. About Unisys Unisys is a global technology solutions company that powers breakthroughs for the world's leading organizations. Our solutions – cloud, AI, digital workplace, logistics, and enterprise computing – help our clients challenge the status quo and unlock their full potential. To learn more about how we've been helping clients push what's possible for over 150 years, visit unisys.com and follow us on LinkedIn . RELEASE NO.: 1205/9975 Unisys and other Unisys products and services mentioned herein, as well as their respective logos, are trademarks or registered trademarks of Unisys Corporation. Any other brand or product referenced herein is acknowledged to be a trademark or registered trademark of its respective holder. UIS-C View original content to download multimedia: https://www.prnewswire.com/news-releases/unisys-appoints-michael-m-thomson-as-chief-executive-officer-302324343.html SOURCE Unisys CorporationNone
As 2024 comes to an end, Indian cinema is all set for a star-studded 2025. The next year promises a slew of films headlined by industry heavyweights like Kangana Ranaut , Salman Khan , Aamir Khan , Ajay Devgn , and Alia Bhatt. Fans can also expect performances from Vicky Kaushal, Sidharth Malhotra, and Janhvi Kapoor. Here are some most-anticipated Hindi films scheduled for 2025. 'Fateh,' 'Santosh' and 'Emergency' Sonu Sood 's directorial debut Fateh will roar into theaters on January 10. Also starring Naseeruddin Shah and Jacqueline Fernandez, it revolves around cybercrime. Shahana Goswami's Santosh will also be released on January 10, while Devgn-Abhishek Kapoor's Azaad arrives on January 17. Ranaut's political drama Emergency will finally release on January 17, 2025. The film, also written, directed, and co-produced by her, delves into the controversial period of Emergency imposed by former Prime Minister Indira Gandhi from 1975-1977. 'Sky Force,' 'Deva,' and 'Chhaava' Sky Force , starring Akshay Kumar and Nimrat Kaur, will be released around Republic Day 2025. Shahid Kapoor 's Deva is set for a January 31 release. It is directed by Malayalam filmmaker Rosshan Andrrews. In February, Kaushal's biographical drama Chhaava will release. The film tells the life of Chhatrapati Sambhaji Maharaj, with Kaushal playing the Maratha Emperor and Akshaye Khanna as Mughal Emperor Aurangzeb. 'Raid 2,' C Sankaran Nair film, and 'Sikandar' This will be followed by Devgn's Raid 2 on February 21. March will witness the release of the C Sankaran Nair film with Kumar and R Madhavan. Salman's Sikandar is also scheduled for an Eid Al-Fitr 2025 release. It is produced by Sajid Nadiadwala and directed by AR Murugadoss. 'Jolly LLB 3,' 'Sunny Sanskari...,' 'Housefull 5' Kumar and Arshad Warsi 's courtroom drama-comedy Jolly LLB3 is predicted to be one of the year's highest-earning films. It will be released on April 10, while Sunny Sanskari Ki Tulsi Kumari , a film reuniting Janhvi and Varun Dhawan , will be out on April 18. Meanwhile, June promises laughter with Housefull 5 's multi-starrer cast with Kumar in the lead. It releases on June 6. 'Param Sundari,' 'War 2' and 'Baaghi 4' Malhotra and Janhvi's Param Sundari' s release date has recently been announced: July 25. This will be followed by War 2 (August 15) and Baaghi 4 (September 5). They have been directed by Ayan Mukerji and A Harsha, respectively, and belong to the action genre. 'Thama,' 'DDPD2,' '120 Bahadur' and Bhardwaj-Shahid film Also among 2025's much-awaited films are Thama , starring Rashmika Mandanna and Ayushmann Khurrana, and De De Pyaar De 2 starring Devgn, Madhavan, and Rakul Preet Singh (November 14). 120 Bahadur , starring Farhan Akhtar , and Vishal Bhardwaj-Shahid-Triptii Dimri's gangster drama will be out next year too. 'Sitaare Zameen Par' and 'Alpha' Aamir Khan 's Sitaare Zameen Par, a spiritual sequel to Taare Zameen Par , has been postponed from its original December 2024 release date to 2025. Meanwhile, Yash Raj Films's next Spy Universe movie Alpha , starring Bhatt and Sharvari in lead roles, will be released on December 25. It is the first female-led film in the Spy Universe.
DAYTONA BEACH, Fla. (AP) — Aniwaniwa Tait-Jones' 21 points helped UC San Diego defeat James Madison 73-67 on Friday night. Tait-Jones also contributed six rebounds for the Tritons (4-2). Hayden Gray scored 16 points and added four steals. Nordin Kapic went 5 of 8 from the field (1 for 4 from 3-point range) to finish with 12 points. Bryce Lindsay led the way for the Dukes (3-3) with 17 points. James Madison also got 13 points and four assists from Xavier Brown. UCSD went into halftime ahead of James Madison 34-28. Tait-Jones scored 14 points in the half. UCSD took the lead for good with 5:46 left in the second half on a free throw from Tait-Jones to make it a 58-57 game. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .
Cameron Young leads Hero; new driver for Justin Thomas; new grip for Scottie Scheffler
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