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CNBC's Jim Cramer on Friday previewed next week's important Wall Street action, suggesting it's wise to pay attention to a slew of retail earnings as well as reports from Dell and CrowdStrike . He also said that the coming week is typically a good one for the market and advised investors to ring the register on some of their more volatile stocks that have seen significant gains. Philadelphia news 24/7: Watch NBC10 free wherever you are "If you have huge profits in the month of November, could you do me a favor?" he said. "I would show a little thanks next week and take something off the table in your most risky positions." Monday brings quarterly reports from Bath & Body Works and Zoom . Cramer noted that the soap maker's stock hasn't been popular on Wall Street as of late, but wondered if positive commentary about the holiday season from management would make a difference. He also pointed to the tension between those who are shorting stock of Zoom and those intending to buy and said it seems the company always "has a lot of irons in the fire." Tuesday is a big day for retailers, with reports from Best Buy , Abercrombie & Fitch , Kohl's , Macy's , Burlington Stores and Dick's Sporting Goods . Cramer noted that many of these stocks have run up heading into earnings — so it's "treacherous" to buy now — and wondered which ones will impress Wall Street. He added that some retailers whose earnings weren't great still saw their stocks soar but others got badly dinged , like Target . J.M. Smucker will also post earnings that day. Cramer said some investors weren't pleased with the snack food company's pricey Hostess acquisition , but he suggested the stock could climb if results are in-line. A few major tech names also report Tuesday, including CrowdStrike , Dell , and Workday . Cramer said he's positive on all three, noting that Dell is a major Nvidia partner that is helping implement its newest technology. He said investors might want to buy some Dell stock now and some after earnings if it pulls back. HP will report after close, and Cramer said he wants to know if new artificial intelligence-enabled PCs are seeing success. While stock action tends to slow during the rest of the holiday week, Cramer pointed out that on Wednesday the government will release the latest personal consumption expenditures index. This data is an inflation metric for the Federal Reserve and could indicate whether there will be another interest rate cut before the end of the year. Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest smarter. Sign up now for the CNBC Investing Club to follow Jim Cramer's every move in the market. Disclaimer The CNBC Investing Club Charitable Trust holds shares of Best Buy, CrowdStrike and Nvidia. Questions for Cramer? Call Cramer: 1-800-743-CNBC Want to take a deep dive into Cramer's world? Hit him up! Mad Money Twitter - Jim Cramer Twitter - Facebook - Instagram Questions, comments, suggestions for the "Mad Money" website? madcap@cnbc.com
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Get ready to turn up the volume at the Dubai Shopping Festival 2024, where incredible deals on headphones, wireless earbuds, Bluetooth speakers, and premium sound systems await. Whether you're looking to immerse yourself in music, enhance your home entertainment setup, or find the perfect companion for your daily commute, this year’s festival offers unbeatable discounts on top audio brands. From crystal-clear sound quality to powerful bass performance, now’s the perfect time to upgrade your audio gear without stretching your budget. Soundcore by Anker Space A40 Auto-Adjustable Active Noise Cancelling Wireless Earbuds The Soundcore by Anker Space A40 Wireless Earbuds offer Auto-Adjustable Active Noise Cancelling (ANC), adapting in real-time to your environment for an immersive audio experience. With Hi-Res Audio Wireless certification and LDAC technology, they deliver crystal-clear sound with rich detail. Featuring up to 50 hours of battery life with the charging case and fast charging support, they ensure uninterrupted listening. The comfortable, ergonomic design and Bluetooth 5.2 connectivity guarantee a stable and seamless connection. Ideal for music lovers and travelers, the Space A40 earbuds combine superior noise cancellation, long battery life, and premium sound quality in a compact package. SoundPEATS Free2 classic Wireless Earbuds Bluetooth Headphones The SoundPEATS Free2 Classic Wireless Earbuds offer an affordable yet reliable audio experience with Bluetooth 5.1 connectivity for a stable connection and low latency. Featuring up to 30 hours of total playback time with the charging case, they are perfect for extended listening sessions. The IPX5 water resistance rating protects against sweat and light rain, making them ideal for workouts and outdoor use. With touch controls, users can easily manage calls, music playback, and voice assistants. Designed for comfort and secure fit, the SoundPEATS Free2 Classic earbuds deliver clear sound and deep bass, making them a great budget-friendly choice for everyday use. Jabra Elite 4 Wireless Earbuds The Jabra Elite 4 Wireless Earbuds offer a balanced blend of sound quality, comfort, and advanced features. Equipped with Active Noise Cancellation (ANC), they effectively block out external noise for an immersive audio experience. With Bluetooth Multipoint, you can seamlessly connect to two devices at once, ensuring smooth switching between calls and music. The earbuds deliver up to 22 hours of battery life with the charging case and support fast charging for added convenience. Their IP55 water and dust resistance makes them durable for workouts and outdoor use. Compact, comfortable, and feature-packed, the Jabra Elite 4 are an excellent choice for both daily use and travel. Limited Edition Bose QuietComfort Ultra Wireless Noise Cancelling Headphones The Limited Edition Bose QuietComfort Ultra Wireless Noise Cancelling Headphones combine premium sound quality with cutting-edge noise cancellation technology in an exclusive design. Featuring CustomTune technology, these headphones automatically adjust audio performance to fit your ears, delivering rich, balanced sound. With Bose Immersive Audio, users experience spatial sound for a lifelike listening experience. Offering up to 24 hours of battery life on a single charge and comfortable ear cushions, they are perfect for extended use. The Limited Edition design adds a unique aesthetic touch, making them a standout choice for audiophiles who value both style and performance. soundcore Anker P20i Bluetooth Earphones The Soundcore Anker P20i Bluetooth Earphones offer a lightweight design, powerful sound quality, and seamless Bluetooth connectivity for everyday use. With customizable EQ settings via the Soundcore app, you can fine-tune your audio experience. These earphones deliver up to 30 hours of total playtime with the charging case, ensuring long-lasting performance. Featuring IPX5 water resistance, they are suitable for workouts and outdoor activities. The built-in microphone ensures clear calls, while touch controls provide easy access to music playback and calls. Compact and reliable, the Soundcore P20i are a solid choice for budget-friendly wireless earphones. soundcore By Anker H30i Wireless On-Ear Headphones The Soundcore by Anker H30i Wireless On-Ear Headphones offer clear sound quality, deep bass, and long-lasting comfort for everyday use. With up to 70 hours of battery life on a single charge, they’re perfect for extended listening sessions. Featuring Bluetooth 5.3 connectivity, they ensure a stable wireless connection and seamless audio playback. The lightweight design and soft ear cushions provide a comfortable fit, even during long hours of use. Additionally, the built-in microphone enables clear hands-free calls. Affordable and reliable, the H30i headphones are an excellent choice for casual listening and daily use. Bose QuietComfort Wireless Noise Cancelling Earbuds The Bose QuietComfort Wireless Noise Cancelling Earbuds deliver exceptional sound quality with industry-leading Active Noise Cancellation (ANC) technology. Designed for immersive audio, they offer rich, balanced sound and deep bass for an unparalleled listening experience. With up to 24 hours of total battery life (6 hours on a single charge and an additional 18 hours from the case), they ensure all-day performance. The comfortable ear tips provide a secure fit, while touch controls offer easy access to playback, calls, and voice assistants. Perfect for travel, workouts, or daily use, the Bose QuietComfort Earbuds are a premium choice for clear, uninterrupted audio. SoundPEATS Wireless Bluetooth Earbuds Capsule3 Pro The SoundPEATS Capsule3 Pro Wireless Bluetooth Earbuds deliver Hi-Res Audio with LDAC codec support, ensuring crystal-clear sound and deep bass. Featuring Hybrid Active Noise Cancellation (ANC), they effectively block out external noise for an immersive listening experience. With Bluetooth 5.3 connectivity, they offer a stable connection and low latency, ideal for music, calls, and gaming. These earbuds provide up to 52 hours of total playtime with the charging case, ensuring long-lasting use. The IPX4 water resistance adds durability, making them suitable for workouts and daily wear. Stylish, reliable, and feature-packed, the Capsule3 Pro earbuds are a great choice for high-quality wireless audio. This was Best Audio Device Deals at Dubai Shopping Festival 2024 . For more deals and recommendations , keep an eye on IGN ME!Berlin confirmed plans to reform its legal framework make it a clear criminal offence to “facilitate the smuggling of migrants to the UK” as part of the agreement, the Home Office said. The Home Office said the move would give German prosecutors more tools to tackle the supply and storage of dangerous small boats. Both countries will also commit to exchange information that may help to remove migrant-smuggling content from social media platforms and tackle end-to-end routes of criminal smuggling networks as part of the deal. It comes ahead of the UK and Germany hosting the so-called Calais Group in London, which sees ministers and police from the two countries, alongside France, Belgium and the Netherlands, gather to discuss migration in Europe. Delegates are expected to agree a detailed plan to tackle people-smuggling gangs in 2025 at the meeting on Tuesday. Home Secretary Yvette Cooper said: “For too long organised criminal gangs have been exploiting vulnerable people, undermining border security in the UK and across Europe while putting thousands of lives at risk. “We are clear that this cannot go on. “Germany is already a key partner in our efforts to crack down on migrant smuggling, but there is always more we can do together. “Our new joint action plan with deliver a strengthened partnership with Germany, boosting our respective border security as we work to fix the foundations, and ultimately saving lives.” Nancy Faeser, German federal minister of the interior said: “We are now stepping up our joint action to fight the brutal activities of international smugglers. “This is at the core of our joint action plan that we have agreed in London. “It will help us end the inhumane activities of criminal migrant smuggling organisations. “By cramming people into inflatable boats under threats of violence and sending them across the Channel, these organisations put human lives at risk.” She said that “many of these crimes are planned in Germany” and the deal would help to counter “this unscrupulous business with even more resolve.” “This includes maintaining a high investigative pressure, exchanging information between our security authorities as best as possible, and persistently investigating financial flows to identify the criminals operating behind the scenes,” Ms Faeser said. Shadow home secretary Chris Philp said the announcement “doesn’t go far enough”. “The British public deserves a serious plan to control our borders and stop criminal gangs,” he said. “The National Crime Agency has said a deterrent is necessary to reduce the number of crossings, yet Labour scrapped the only deterrent before it even got started. “Meanwhile the numbers of illegal immigrants coming here continue to climb, with an 18% increase compared to the same period last year, with more than 20,000 people having made the crossing since the election.”
United States President-elect Donald Trump suggested Sunday that Mexico should become a state of the U.S. due to a trade imbalance between the two countries, prompting President Claudia Sheinbaum to reiterate that Mexico is “a free, sovereign and independent country.” In an interview with NBC’s “Meet the Press” program, Trump railed against the trade deficits the United States is recording with Mexico and Canada, which together with the U.S. are the signatories to the USMCA free trade pact. “We’re subsidizing Canada to the tune of over $100 billion a year. We’re subsidizing Mexico for almost $300 billion,” he said, significantly exaggerating the United States’ trade deficits with both countries. “We shouldn’t be — why are we subsidizing these countries? If we’re going to subsidize them, let them become a state. We’re subsidizing Mexico and we’re subsidizing Canada and we’re subsidizing many countries all over the world,” Trump said. “All I want to do is I want to have a level, fast, but fair playing field,” he added. While Mexico has a significant trade surplus with the United States, it is not as large as Trump claimed. The United States’ trade deficit with its southern neighbor was US $152.47 billion in 2023 and $141.85 billion in the first 10 months of 2024, according to the United States Census Bureau . Although Trump signed the USMCA deal, which superseded NAFTA in 2020, he evidently believes that trade between the three North American countries is not fair. In October, he pledged to renegotiate the pact . Since the trade agreement took effect, Mexico has become the world’s top exporter to the United States, ousting China from that position in 2023 . Trump has pledged to impose a 25% tariff on all Mexican and Canadian exports to the United States on the first day of his second term, although his stated motivation for doing so is not the trade imbalance but what he described as the “long simmering problem” of drugs and migrants entering the U.S. via its southern and northern borders. Trump said in a social media post on Nov. 25 that his proposed tariff on Mexican and Canadian goods would “remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country!” At her morning press conference on Monday , Sheinbaum was asked about the president-elect’s “let them become a state” remark in reference to Mexico and Canada. She initially expressed her desire to cease “dialogue” with Trump “through the media,” but added that “obviously Mexico is a free, sovereign and independent country.” “We all know that and we always have to defend it,” Sheinbaum said. “I understand that this subsidy he speaks about has to do with the increase in Mexico’s exports to the United States, which now exceed [Mexico’s] imports [from the U.S.],” she said. “But yesterday, at the event we were at in Nuevo Laredo, I stated that the only way to compete with other regions of the world is by maintaining and strengthening the [North American] trade agreement, the USMCA,” Sheinbaum said. “... More than looking at each other as competition, we have to look at each other as complementary. It was President Trump who signed the USMCA and the United States has had a lot of benefits from the agreement,” she said. Sheinbaum previously said that her government would implement its own reciprocal tariff on U.S. exports to Mexico if Trump goes ahead with his Nov. 25 tariff threat. However, she has expressed confidence that the proposed U.S. tariff won’t end up being imposed on Mexican exports. Meanwhile, the Mexican government has countered that a 25% tax on Mexican exports would have a negative impact on the U.S. economy and consumers . Trump’s “Meet the Press” interview was his first sit-down interview since he won the United States presidential election on Nov. 5. In a discussion with NBC journalist Kristen Welker that lasted more than an hour, the president-elect made a range of remarks that were directly or indirectly related to Mexico. Here is a selection of those comments. ( Sheinbaum previously rejected Trump’s claim that she agreed during their call to “stop migration through Mexico, and into the United States, effectively closing our southern border.”) Mexico News DailyGlancy Prongay & Murray LLP ("GPM") reminds investors of the upcoming January 7, 2025 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired TMC the metals company Inc. ("TMC" or the "Company") TMC securities between May 12, 2023 and March 25, 2024 , inclusive (the "Class Period"). If you suffered a loss on your TMC investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at www.glancylaw.com/cases/TMC-the-metals-company-Inc-1/ . You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights. On March 25, 2024, TMC disclosed that its financial statements for the first three quarters of 2023 should no longer be relied upon and would need to be restated, citing the Company's partnership with Low Carbon Royalties Inc. ("LCR") and "whether the offsetting entry to the proceeds it received from LCR should be classified as debt or deferred income." Further, TMC stated that "[a]s the transaction with LCR was considered an equity investment rather than a sale transaction, the sale of future revenue will be reclassified as Royalty liability" per appropriate accounting standards. On this news, TMC's stock price fell $0.205, or 13.2%, to close at $1.345 per share on March 26, 2024, thereby injuring investors. The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) TMC maintained deficient internal controls over financial reporting; (2) as a result, the Company inaccurately classified the sale of future revenue attributable to the LCR Partnership as deferred income rather than debt; (3) the foregoing misclassification, when it became known, would require TMC to restate one or more of its previously issued financial statements; and (4) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. Follow us for updates on LinkedIn , Twitter , or Facebook . If you purchased or otherwise acquired TMC securities during the Class Period, you may move the Court no later than January 7, 2025 to request appointment as lead plaintiff in this putative class action lawsuit. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com , or visit our website at www.glancylaw.com . If you inquire by email please include your mailing address, telephone number and number of shares purchased. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. View source version on businesswire.com: https://www.businesswire.com/news/home/20241122872043/en/ © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Eversource and Local Partner BXP Selected to Receive Cambridge Chamber of Commerce Annual Visionary Award for Greater Cambridge Energy Program
Speaking to Natalie Portman for Interview magazine, she said: "I've grown up being taught that your private life and your inner life is so precious, and that it really needs to be protected. "Because in this business, and especially today with social media and how much access we have to each other, it's important to protect that inner life. And to me, when you go on set is the only time you let that out. You have all your super-private feelings in your backpack, and you go to work and the scene starts and you let it out." The 'Nosferatu' star - who has been dating rapper 070 Shake since early 2023 - also tries to live a "normal life" whenever she is not working on a project or promoting a film she has been in. She said: "But I also think it's important for me to, when I'm not shooting or promoting something, have a very normal life. You and I have always connected about that. I love going to the butcher and the grocery store and having dinner at my friends' houses. Or, having a lazy morning with my boyfriend. Those things are always going to be the center of my life. Even if I'm working really hard, those things will never lose their value. That's when things get dangerous, when you don't see those things as valuable anymore."NEW YORK — If you’re planning on ringing in the new year quietly at home, you’re not alone. A majority of U.S adults intend to celebrate New Year’s Eve at home, according to a new poll by The Associated Press-NORC Center for Public Affairs Research. “As I’ve gotten older over the last few years, it’s like if I don’t make it to midnight, it’s not a big deal, you know?” says Carla Woods, 70, from Vinton, Iowa. Nearly 2 in 10 will be celebrating at a friend or family member’s home, and just 5% plan to go out to celebrate at a bar, restaurant or organized event, the poll found. But many U.S. adults will celebrate the new year in a different way — by making a resolution. More than half say they’ll make at least one resolution for 2025. There’s some optimism about the year ahead, although more than half aren’t expecting a positive change. About 4 in 10 say 2025 will be a better year for them personally. About one-third don’t expect much of a difference between 2024 and 2025, and about one-quarter think 2025 will be a worse year than 2024. Relaxed New Year’s Eve plans for many Kourtney Kershaw, a 32-year-old bartender in Chicago, often fields questions from customers and friends about upcoming events for New Year’s Eve. She said this year is trending toward low-key. “A majority of who I’ve spoken to in my age range, they want to go out, but they don’t know what they’re going to do because they haven’t found anything or things are just really expensive,” she said. “Party packages or an entry fee are like a turnoff, especially with the climate of the world and how much things cost.” As expected, younger people are more interested in ringing in the new year at a bar or organized event — about 1 in 10 U.S. adults under 30 say they plan to do that. But about 3 in 10 older adults — 60 and above — say they won’t celebrate the beginning of 2025 at all. Anthony Tremblay, 35, from Pittsburgh, doesn’t usually go out to toast the arrival of the new year, but this year he’s got something special cooked up: He and his wife will be traveling through Ireland. “I don’t do anything too crazy for New Year’s, usually. So this is definitely a change,” he said. “I wanted to do something unique this year, so I did.” Woods will be working New Year’s Eve and New Year’s Day. She answers calls on The Iowa Warmline, a confidential, noncrisis listening line for people struggling with mental health or substance use issues. “Holidays are really hard for people, so I don’t mind working,” she said. “I’m passionate about it because I have mental health issues in the family and so being able to help people is rewarding to me.” Younger Americans are more likely to make a resolution Every New Year’s also triggers the eternal debate about resolutions. A majority of U.S. adults say they intend to make a New Year’s resolution of some type, but millennials and Gen Z are especially likely to be on board — about two-thirds expect to do so, compared to about half of older adults. Women are also more likely than men to say they will set a goal for 2025. Tremblay hopes to lose some weight and focus more on self-care — more sleep, meditation and breathing exercises. “It’s probably a good year to focus on mental health,” he said. Many others agree. About 3 in 10 adults choose resolutions involving exercise or eating healthier. About one-quarter said they’ll make a resolution involving losing weight and a similar number said they’ll resolve to make changes about priorities of money or mental health. Woods’ resolutions are to stay social and active. As a mental health counselor, she knows those are key to a happy 2025 and beyond: “Probably one of my biggest resolutions is trying to make sure I stay social, try to get out at least once a week — get out and either have coffee or do something with a friend. That’s not only for the physical but also for the mental health part.” Kershaw, the bartender, says weight loss and better health are the top resolutions she hears people make. “Mental health is the new one, but I think it’s high up there as well as with regular health,” she said. She prefers more goal-oriented resolutions and, this time, it’s to do more traveling and see more of the world: “I don’t know if that’s really a resolution, but that’s a goal that I’m setting.” And how will she welcome the arrival of 2025? Usually, she takes the night off and stays home watching movies with plenty of snacks, but this year Kershaw has a different plan, maybe one of the most Chicago things you can do. This die-hard sports fan will be at Wrigley Field on Tuesday watching the Chicago Blackhawks take on the St. Louis Blues. “Hockey’s my favorite sport. So I will be watching hockey and bringing in the new year,” she said.
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REDWOOD CITY, Calif.--(BUSINESS WIRE)--Dec 9, 2024-- Zuora, Inc. (NYSE: ZUO), a leading monetization suite for modern business, today announced financial results for its fiscal third quarter ended October 31, 2024. Third Quarter Fiscal 2025 Financial Results: Descriptions of our non-GAAP financial measures are contained in the section titled "Explanation of Non-GAAP Financial Measures" below and reconciliations of GAAP and non-GAAP financial measures are contained in the tables below. Proposed Acquisition; Conference Call and Guidance On October 17, 2024, we announced that Zuora entered into a definitive agreement to be acquired by Silver Lake, the global leader in technology investing, in partnership with an affiliate of GIC Pte. Ltd. (“GIC”). The transaction is valued at $1.7 billion, with Silver Lake and GIC to acquire all outstanding shares of Zuora common stock for $10.00 per share in cash. The acquisition is expected to close in the first calendar quarter of 2024, subject to customary closing conditions and approvals, including the receipt of the required regulatory approvals. Upon completion of the transaction, Zuora will become a privately held company. Given the proposed acquisition of Zuora, we will not be holding a conference call or live webcast to discuss Zuora's third quarter of fiscal 2025 financial results, we will not be providing any forward looking guidance, and we are withdrawing all previously provided goals, outlook, and guidance. Key Operational and Financial Metrics: Explanation of Key Operational and Financial Metrics: Annual Contract Value (ACV) . We define ACV as the subscription revenue we would contractually expect to recognize from a customer over the next twelve months, assuming no increases or reductions in their subscriptions. We define the number of customers at the end of any particular period as the number of parties or organizations that have entered into a distinct subscription contract with us and for which the term has not ended. Each party with whom we have entered into a distinct subscription contract is considered a unique customer, and in some cases, there may be more than one customer within a single organization. Dollar-based Retention Rate (DBRR) . We calculate DBRR as of a period end by starting with the sum of the ACV from all customers as of twelve months prior to such period end, or prior period ACV. We then calculate the sum of the ACV from these same customers as of the current period end, or current period ACV. Current period ACV includes any upsells and also reflects contraction or attrition over the trailing twelve months but excludes revenue from new customers added in the current period. We then divide the current period ACV by the prior period ACV to arrive at our dollar-based retention rate. Annual Recurring Revenue (ARR). ARR represents the annualized recurring value at the time of initial booking or contract modification for all active subscription contracts at the end of a reporting period. ARR excludes the value of non-recurring revenue such as professional services revenue as well as contracts with new customers with a term of less than one year. ARR should be viewed independently of revenue and deferred revenue, and is not intended to be a substitute for, or combined with, any of these items. ARR growth is calculated by dividing the ARR as of a period end by the ARR for the corresponding period end of the prior fiscal year. Explanation of Non-GAAP Financial Measures: In addition to financial measures prepared in accordance with U.S. generally accepted accounting principles (GAAP), this press release and the accompanying tables contain non-GAAP financial measures including: non-GAAP cost of subscription revenue; non-GAAP subscription gross margin; non-GAAP cost of professional services revenue; non-GAAP professional services gross margin; non-GAAP gross profit; non-GAAP gross margin; non-GAAP income from operations; non-GAAP operating margin; non-GAAP net income; non-GAAP net income per share; and adjusted free cash flow. The presentation of these financial measures is not intended to be considered in isolation or as a substitute for, or superior to, financial information prepared and presented in accordance with GAAP. We use non-GAAP financial measures in conjunction with GAAP measures as part of our overall assessment of our performance, including the preparation of our annual operating budget and quarterly forecasts, to evaluate the effectiveness of our business strategies and to communicate with our Board of Directors concerning our financial performance. We believe these non-GAAP measures provide investors consistency and comparability with our past financial performance and facilitate period-to-period comparisons of our operating results. We also believe these non-GAAP measures are useful in evaluating our operating performance compared to that of other companies in our industry, as they generally eliminate the effects of certain items that may vary for different companies for reasons unrelated to overall operating performance. We exclude the following items from one or more of our non-GAAP financial measures: Additionally, we disclose "adjusted free cash flow", which is a non-GAAP measure that includes adjustments to operating cash flows for cash impacts related to Shareholder matters and Acquisition-related expenses described above, and net purchases of property and equipment. We include the impact of net purchases of property and equipment in our adjusted free cash flow calculation because we consider these capital expenditures to be a necessary component of our ongoing operations. We believe this measure is meaningful to investors because management reviews cash flows generated from operations excluding such expenditures that are not related to our ongoing operations. Investors are cautioned that there are material limitations associated with the use of non-GAAP financial measures as an analytical tool. The non-GAAP measures we use may be different from non-GAAP financial measures used by other companies, limiting their usefulness for comparison purposes. We compensate for these limitations by providing specific information regarding the GAAP items excluded from these non-GAAP financial measures. Forward-Looking Statements: This press release contains forward-looking statements that involve a number of risks and uncertainties. Words such as “believes,” “may,” “will,” “determine,” “estimates,” “potential,” “continues,” “anticipates,” “intends,” “expects,” “could,” “would,” “projects,” “plans,” “targets,” “strategy,” “likely,” and variations of such words and similar expressions are intended to identify forward-looking statements. Forward-looking statements in this release include statements regarding the proposed acquisition of Zuora, including the expected timing of the closing of the acquisition, and expectations for Zuora following the completion of the acquisition. Forward-looking statements are based on management's expectations as of the date of this filing and are subject to a number of risks, uncertainties and assumptions, many of which involve factors or circumstances that are beyond our control. Our actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks detailed in our Form 10-Q filed with the Securities and Exchange Commission on August 29, 2024 as well as other documents that may be filed by us from time to time with the Securities and Exchange Commission, including in our Quarterly Report on Form 10-Q for the quarter ended October 31, 2024. In particular, the following factors, among others, could cause results to differ materially from those expressed or implied by such forward-looking statements: the possibility that the closing conditions to the proposed acquisition are not satisfied (or waived), including the risk that required approvals from Zuora’s stockholders for the proposed acquisition or required regulatory approvals to consummate the acquisition are not obtained in a timely manner (or at all); the outcome of the current complaint and any potential litigation relating to the proposed acquisition; uncertainties as to the timing of the consummation of the proposed acquisition; the ability of each party to consummate the proposed acquisition; our ability to attract new customers and retain and expand sales to existing customers; our ability to manage our future revenue and profitability plans effectively; adoption of monetization platform software and related solutions, as well as consumer adoption of products and services that are provided through such solutions; our ability to develop and release new products and services, or successful enhancements, new features and modifications; challenges related to growing our relationships with strategic partners; loss of key employees; our ability to compete in our markets; adverse impacts on our business and financial condition due to macroeconomic or market conditions; the impact of actions to improve operational efficiencies and operating costs; our history of net losses and ability to achieve or sustain profitability; market acceptance of our products; the success of our product development efforts; risks associated with currency exchange rate fluctuations; risks associated with our debt obligations; successful deployment of our solutions by customers after entering into a subscription agreement with us; the success of our sales and product initiatives; our security measures; our ability to adequately protect our intellectual property; interruptions or performance problems; litigation and other shareholder related costs; the anticipated benefits of acquisitions and ability to integrate operations and technology of any acquired company; geopolitical conflicts or destabilizing events; other business effects, including those related to industry, market, economic, political, regulatory and global health conditions and other risks and uncertainties. The forward-looking statements included in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments will cause our views to change. We undertake no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release. Important Information and Where to Find It In connection with the proposed acquisition, Zuora has filed with the Securities and Exchange Commission (the “SEC”) a proxy statement in preliminary form on November 25, 2024, a definitive version of which will be mailed or otherwise provided to its stockholders. The Company and affiliates of the Company have jointly filed a transaction statement on Schedule 13E-3 (the Schedule 13E-3). Zuora may also file other documents with the SEC regarding the potential transaction. BEFORE MAKING ANY VOTING DECISION, ZUORA’S STOCKHOLDERS ARE URGED TO CAREFULLY READ THE PROXY STATEMENT AND THE SCHEDULE 13E-3 IN THEIR ENTIRETY AND ANY OTHER DOCUMENTS FILED WITH THE SEC AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS THERETO IN CONNECTION WITH THE PROPOSED TRANSACTION OR INCORPORATED BY REFERENCE THEREIN BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND THE PARTIES TO THE PROPOSED TRANSACTION AND RELATED MATTERS. Investors and security holders may obtain free copies of the proxy statement, the Schedule 13E-3 and other documents that Zuora files with the SEC from the SEC’s website at www.sec.gov and Zuora’s website at investor.zuora.com . In addition, the proxy statement, the Schedule 13E-3 and other documents filed by Zuora with the SEC (when available) may be obtained from Zuora free of charge by directing a request to Zuora’s Investor Relations at investorrelations@zuora.com . Participants in the Solicitation Zuora and certain of its directors, executive officers and employees may be deemed to be participants in the solicitation of proxies from Zuora’s stockholders in connection with the proposed transaction. Information regarding the persons who may, under the rules of the SEC, be deemed to be participants in the solicitation of the stockholders of Zuora in connection with the proposed transaction, including a description of their respective direct or indirect interests, by security holdings or otherwise will be set forth in the proxy statement and Schedule 13E-3 and other materials to be filed with the SEC. You may also find additional information about Zuora’s directors and executive officers in Zuora’s proxy statement for its 2024 Annual Meeting of Stockholders, which was filed with the SEC on May 16, 2024 (the “Annual Meeting Proxy Statement”). To the extent holdings of securities by potential participants (or the identity of such participants) have changed since the information printed in the Annual Meeting Proxy Statement, such information has been or will be reflected in Zuora’s Statements of Change in Ownership on Forms 3 and 4 filed with the SEC. You can obtain free copies of these documents from Zuora using the contact information above. About Zuora, Inc. Zuora provides a leading monetization suite to build, run and grow a modern business through a dynamic mix of usage-based models, subscription bundles and everything in between. From pricing and packaging, to billing, payments and revenue accounting, Zuora’s flexible, modular software platform is designed to help companies evolve monetization strategies with customer demand. More than 1,000 customers around the world, including BMC Software, Box, Caterpillar, General Motors, The New York Times, Schneider Electric and Zoom use Zuora’s leading combination of technology and expertise to turn recurring relationships and recurring revenue into recurring growth. Zuora is headquartered in Silicon Valley with offices in the Americas, EMEA and APAC. To learn more, please visit zuora.com . © 2024 Zuora, Inc. All Rights Reserved. Zuora, Subscribed, Subscription Economy, Powering the Subscription Economy, Subscription Economy Index, Zephr, and Subscription Experience Platform are trademarks or registered trademarks of Zuora, Inc. Third party trademarks mentioned above are owned by their respective companies. Nothing in this press release should be construed to the contrary, or as an approval, endorsement or sponsorship by any third parties of Zuora, Inc. or any aspect of this press release. SOURCE: ZUORA, INC. (1) Stock-based compensation expense was recorded in the following cost and expense categories: (1) For the three months ended October 31, 2024 and 2023, GAAP and Non-GAAP net (loss) income per share are calculated based upon 152.3 million and 141.5 million basic and diluted weighted-average shares of common stock, respectively. For the nine months ended October 31, 2024 and 2023, GAAP and Non-GAAP net (loss) income per share are calculated based upon 149.5 million and 138.8 million basic and diluted weighted-average shares of common stock, respectively. View source version on businesswire.com : https://www.businesswire.com/news/home/20241209614914/en/ CONTACT: Investor Relations Contact: Luana Wolk investorrelations@zuora.com 650-419-1377Media Relations Contact: Margaret Juhnke press@zuora.com 619-609-3919 KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: SOFTWARE PAYMENTS ACCOUNTING PROFESSIONAL SERVICES TECHNOLOGY ELECTRONIC COMMERCE FINTECH OTHER TECHNOLOGY SOURCE: Zuora, Inc. Copyright Business Wire 2024. PUB: 12/09/2024 04:10 PM/DISC: 12/09/2024 04:08 PM http://www.businesswire.com/news/home/20241209614914/en
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During the post-match show of a recent Test match between India and Australia, a heated debate erupted between former cricketers Sanjay Manjrekar and Irfan Pathan over the run-out of Yashasvi Jaiswal. The incident took place during a crucial partnership between Jaiswal and Virat Kohli. Manjrekar argued that Kohli should have responded to Jaiswal's call for a single, as Jaiswal was at the danger end. He criticized Kohli for making what he termed a "schoolboy error" by not taking the run. Manjrekar further suggested that Kohli's decision might have been influenced by a desire to retain strike, as it was the last ball of the over. Pathan, on the other hand, defended Kohli, arguing that as the non-striker, Kohli had the right to turn down the run if he felt it was risky. Pathan pointed out that the ball was hit hard and Kohli might have considered the run too risky to attempt. The debate became quite intense, with Manjrekar expressing frustration by saying, "If you don't want to let me talk, it's alright". Pathan continued to press his opinion, leading to a clash of viewpoints on live TV. The incident has sparked discussions among cricket fans, with many sharing their opinions on social media about who was at fault for the run-out. There have been several instances where commentators have had heated exchanges during live broadcasts. Here are a few notable examples: 1. **Ian Chappell and Mark Taylor**: During a 2013 Test match between Australia and India, former Australian cricketers Ian Chappell and Mark Taylor had a heated exchange over the on-field behavior of players. Their differing opinions led to a tense moment on air. 2. **Navjot Singh Sidhu and Sunil Gavaskar**: In a 2017 IPL match, former Indian cricketers Navjot Singh Sidhu and Sunil Gavaskar had a disagreement over a controversial decision. Their clash became a talking point among cricket fans. 3. **Michael Holding and Mark Butcher**: During a 2019 Test match between England and West Indies, commentator Michael Holding and former England cricketer Mark Butcher had a disagreement over the use of the Decision Review System (DRS). Their differing views on technology led to a spirited debate. These instances highlight how passionate and intense sports commentary can get, reflecting the deep emotions and strong opinions that cricket evokes.