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Serve Robotics Inc. ( NASDAQ:SERV – Get Free Report )’s stock price dropped 7.1% during trading on Friday following insider selling activity. The stock traded as low as $16.01 and last traded at $16.39. Approximately 5,596,455 shares changed hands during trading, a decline of 41% from the average daily volume of 9,467,164 shares. The stock had previously closed at $17.64. Specifically, CEO Ali Kashani sold 7,500 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $16.50, for a total value of $123,750.00. Following the completion of the sale, the chief executive officer now directly owns 3,283,490 shares of the company’s stock, valued at approximately $54,177,585. This represents a 0.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website . Also, CEO Ali Kashani sold 5,000 shares of Serve Robotics stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $14.55, for a total transaction of $72,750.00. Following the transaction, the chief executive officer now directly owns 3,290,990 shares in the company, valued at $47,883,904.50. This represents a 0.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here . In other news, CEO Ali Kashani sold 2,500 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $14.70, for a total value of $36,750.00. Following the completion of the sale, the chief executive officer now owns 3,295,990 shares in the company, valued at $48,451,053. This represents a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink . Analyst Upgrades and Downgrades SERV has been the subject of several analyst reports. Seaport Res Ptn upgraded shares of Serve Robotics to a “strong-buy” rating in a research note on Monday, October 7th. Northland Securities started coverage on Serve Robotics in a research report on Friday, October 18th. They set an “outperform” rating and a $16.00 price target for the company. LADENBURG THALM/SH SH assumed coverage on Serve Robotics in a research report on Monday, October 28th. They issued a “buy” rating and a $16.00 price objective on the stock. Finally, Northland Capmk raised Serve Robotics to a “strong-buy” rating in a research report on Friday, October 18th. Two investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Serve Robotics has a consensus rating of “Strong Buy” and a consensus price target of $16.00. Serve Robotics Stock Down 7.7 % The business’s fifty day moving average is $10.83 and its 200 day moving average is $8.78. Institutional Trading of Serve Robotics Hedge funds have recently made changes to their positions in the company. Yong Rong HK Asset Management Ltd purchased a new stake in Serve Robotics in the 3rd quarter worth about $9,636,000. Thomist Capital Management LP purchased a new position in shares of Serve Robotics in the second quarter worth about $407,000. PFG Investments LLC purchased a new position in shares of Serve Robotics in the second quarter worth about $110,000. Bfsg LLC bought a new stake in shares of Serve Robotics in the third quarter valued at approximately $38,000. Finally, GSA Capital Partners LLP bought a new position in Serve Robotics in the 3rd quarter worth approximately $152,000. Serve Robotics Company Profile ( Get Free Report ) Serve Robotics Inc designs, develops, and operates low-emission robots that serve people in public spaces with food delivery in the United States. It builds self-driving delivery robots. The company was formerly known as Patricia Acquisition Corp. and changed its name to Serve Robotics Inc in July 2023. Featured Stories Receive News & Ratings for Serve Robotics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Serve Robotics and related companies with MarketBeat.com's FREE daily email newsletter .

Today, Indian investors have many financial investment asset classes – domestic and foreign, to bet on. In CY24, they have not been let down by any of them. All delivered positive returns in the calendar year, with equities topping the list. As far as the long-term performance is concerned, small- and mid-cap stocks top the chart in 2024 and outperformed the other asset classes. The accompanying chart exhibits the relative long-term performance of the most liquid financial asset classes accessible to Indian investors. We considered large-cap, mid-cap, small-cap, gold, silver, US equities, Chinese equities, long-term debt and short-term debt and, computed the five-year returns at the end of each year for the last ten years. The assets were picked based on invisibility option for Indian investors via direct investing or mutual funds/ETFs. Overall, when looking at long-term performance, mid-caps outperformed large-caps and small-caps in terms of consistency and relatively better returns. In the last five-year timeframe ended 2024, the Nifty Smallcap 250 Total Return Index (TRI), which represents small-cap stocks, produced a compound annualised return of 30.6 per cent, while the mid-caps as represented by Nifty Midcap 150 TRI, delivered a return of 28.3 per cent. The domestic equities market demonstrated stellar show after the pandemic, despite short-term turbulences. Trivesh D, COO Tradejini says, “However, this stellar performance may not carry forward into 2025. Market dynamics indicate that growth across segments is likely to moderate, with mid-single-digit returns being a realistic projection. Large caps may continue to provide stability but face valuation pressures, while mid and small caps could witness uneven performance due to slower earnings growth and heightened regulatory scrutiny”. Over the last 15 years, mid-caps have consistently outperformed large-caps and small-caps in the majority of timeframes, as the table illustrates. Over the last two years, US equities delivered better returns compared to the large-cap stocks in the domestic market. This growth has been largely driven by the ‘Magnificent 7 ’ — Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla — backed by strong earnings and major investments in artificial intelligence (AI). Further rupee depreciation has boosted 5 year returns for an Indian investor. For example, while the last 5-year CAGR of S&P 500 total returns (including dividends) is 15 per cent in USD terms, it increases to 19 per cent in INR terms. “In 2024, the US market has become much more balanced,” said Pratik Oswal, head of passive funds at Motilal Oswal AMC. The 450-490 companies that had not performed well last year have also recovered in 2024 and demonstrated better returns, he added. Macroeconomic factors such as the US Federal Reserve’s policy rate cut rate and the likelihood of more in the offing, and the easing of the rate of inflation have been favourable factors, leading to a resurgence in US stocks, Oswal said. After three years of underperformance, Chinese stocks came into the limelight thanks to the stimulus measures announced by the Chinese government in October 2024. The policy measure announced were aimed at supporting a weak property sector, increase retail consumption and boost capital markets. A China-focussed ETF trading in India returned 29 per cent this year, although 5-year CAGR was flat. The years 2018–2022 were not so good for the domestic fixed income markets, due to multiple headwinds. However, things changed over the last 18-20 months due to few factors including significant FII (foreign institutional investors) inflows into Indian government bonds and expectations of a rate cut cycle. Devang Shah, Head Fixed Income, Axis Mutual Fund, said, “For 2025, we believe the RBI will cut rates, driving performance of bond markets. We expect a 50-basis points rate cut in the next six months. The reasons for this would be slower GDP growth, as seen in the lower Q2 GDP, with Q3 and Q4 also expected to be lower. This would prompt the RBI to change its course and start cutting rates”. Your asset allocation plan should include debt funds since they may act as a buffer when other asset classes decline. Gold, as an asset class, is used as a store of value and a hedge against stock market volatility amid economic uncertainties. Despite short-term blips, gold prices have been on the rise since October 2022. The yellow metal has delivered a solid CAGR of 14.4 per cent over the last five years in rupee terms. Expected rate cuts by major economies and persisting geopolitical tensions led to a significant surge in gold price. Chirag Mehta, CIO, Quantum AMC said, “The surge in gold prices is anticipated to persist into 2025, with the trajectory expected to be influenced significantly by the return of President Donald Trump to office, which could herald a series of policy changes and strategic decisions.” Expected rate cuts by major economies and persisting geopolitical tensions could also lead to a significant surge in gold price he added. While the gold has been the mainstay of investors’ portfolio for years for diversification into commodities, the silver has also gained traction among investors. Silver is a key component in solar panels and other renewable energy technologies. The increasing demand for these technologies has driven up the demand for silver. Manish Banthia, CIO Fixed Income, ICICI Prudential AMC said, “The outlook for silver in 2025 is shaped by two key factors: its relationship with gold as a proxy in the precious metals space and its industrial demand dynamics”. The year 2025 presents a challenging macroeconomic environment in the United States, characterized by elevated debt levels and a substantial fiscal deficit. Gold, traditionally seen as a hedge against risk, is likely to benefit from these uncertainties, and this positive sentiment could extend to silver, given its dual role as a precious and industrial metal Banthia added. Secondly, the ongoing surge in power sector investments and electric vehicles (EVs) investments continues because of new age applications demand for silver may remain robust. Should these trends persist, silver’s industrial value will likely remain strong Banthia explained. Silver, in rupee term, delivered a CAGR return of 13.7 per cent in the last five years. However, gold outperformed silver over long run in most time frames, as the table illustrates. Comments

By MICHELLE L. PRICE NEW YORK (AP) — Chad Chronister, Donald Trump’s pick to run the Drug Enforcement Administration, said Tuesday he was withdrawing his name from consideration, becoming the second person selected by the president-elect to bow out quickly after being nominated for a position requiring Senate confirmation. Sheriff Chronister, the top law enforcement officer in Hillsborough County, Florida, said in a post on X that he was backing away from the opportunity, which he called “the honor of a lifetime.” “Over the past several days, as the gravity of this very important responsibility set in, I’ve concluded that I must respectfully withdraw from consideration,” Chronister wrote. He did not elaborate, and Trump’s transition team did not immediately respond to a message seeking comment. Chronister follows former Republican congressman Matt Gaetz , Trump’s first pick to serve as attorney general, in withdrawing his name for a post in the administration. Gaetz withdrew following scrutiny over a federal sex trafficking investigation that cast doubt on his ability to be confirmed as the nation’s chief federal law enforcement officer. Trump’s pick of Chronister for the DEA job drew backlash from conservatives, who raised concerns over his actions during the COVID-19 pandemic and his saying that his office “does not engage in federal immigration enforcement activities.” In March 2020, Chronister arrested the pastor of a megachurch who held services with hundreds of people and violated a safer-at-home order in place aimed at limiting the spread of the Covid virus. “Shame on this pastor, their legal staff and the leaders of this staff for forcing us to do our job. That’s not what we wanted to do during a declared state of emergency,” Chronister said at the time. “We are hopeful that this will be a wakeup call.” U.S. Rep. Thomas Massie, R-Ky, was among those airing public complaints, saying Chronister should be “disqualified” for the arrest. Others flagged comments Chronister made in a video about Florida’s immigration laws that he released in 2023 that circulated again online after Trump named him last weekend. Related Articles National Politics | Trump team signs agreement to allow Justice to conduct background checks on nominees, staff National Politics | President-elect Donald Trump’s lawyers urge judge to toss his hush money conviction National Politics | Democrats stick with Schumer as leader, their strategy for countering Trump is far less certain National Politics | Trump vows to block Japanese steelmaker from buying US Steel, pledges tax incentives and tariffs National Politics | Democrats’ outgoing chair says Trump’s win forces party to reassess how it reaches voters In the video, Chronister praised the “rich diversity” of his community and called it “a place where people from all walks of life come together.” He said it was important to note his office “does not engage in federal immigration enforcement activities. We do not target individuals based on their immigration status. That’s the authority of federal agencies.” Trump has made a sweeping crackdown on immigration a central focus of his campaign and his aims for his coming administration. Associated Press writer Adriana Gomez Licon in Fort Lauderdale, Florida contributed to this report. 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Former President Jimmy Carter has died at the age of 100. The 39th president of the United States was a Georgia peanut farmer who sought to restore trust in government when he assumed the presidency in 1977 and then built a reputation for tireless work as a humanitarian. He earned a Nobel Peace Prize in 2002. He died Sunday, more than a year after entering hospice care, at his home in Plains, Georgia. At age 52, Carter was sworn in as president on Jan. 20, 1977, after defeating President Gerald R. Ford in the 1976 general election. Carter left office on Jan. 20, 1981, following his 1980 general election loss to Ronald Reagan. Here's the latest: The longest-lived American president died Sunday, more than a year after entering hospice care , at his home in the small town of Plains, Georgia, where he and his wife, Rosalynn, who died at 96 in November 2023 , spent most of their lives. “Our founder, former U.S. President Jimmy Carter, passed away this afternoon in Plains, Georgia,” The Carter Center said in posting about his death on the social media platform X. It added in a statement that he died peacefully, surrounded by his family. In his 1975 book “Why Not The Best,” Carter said of himself: “I am a Southerner and an American, I am a farmer, an engineer, a father and husband, a Christian, a politician and former governor, a planner, a businessman, a nuclear physicist, a naval officer, a canoeist, and among other things a lover of Bob Dylan’s songs and Dylan Thomas’s poetry.” A moderate Democrat, Carter entered the 1976 presidential race as a little-known Georgia governor with a broad smile, outspoken Baptist mores and technocratic plans reflecting his education as an engineer. After he left office and returned home to his tiny hometown of Plains in southwest Georgia, Carter regularly taught Sunday School lessons at Maranatha Baptist Church until his mobility declined. Those sessions drew visitors from around the world.

By LARRY NEUMEISTER NEW YORK (AP) — The founder and former CEO of the failed cryptocurrency lending platform Celsius Network could face decades in prison after pleading guilty Tuesday to federal fraud charges, admitting that he misled customers about the business. Alexander Mashinsky , 58, of Manhattan, entered the plea in New York federal court to commodities and securities fraud. He admitted illegally manipulating the price of Celsius’s proprietary crypto token while secretly selling his own tokens at inflated prices to pocket about $48 million before Celsius collapsed into bankruptcy in 2022. In court, he admitted that in 2021 he publicly suggested there was regulatory consent for the company’s moves because he knew that customers “would find false comfort” with that. And he said that in 2019, he was selling the crypto tokens even though he told the public that he was not. He said he knew customers would draw false comfort from that too. “I accept full responsibility for my actions,” Mashinsky said of crimes that stretched from 2018 to 2022 as the company pitched itself to customers as a modern-day bank where they could safely deposit crypto assets and earn interest. U.S. Attorney Damian Williams said in a release that Mashinsky “orchestrated one of the biggest frauds in the crypto industry” as his company’s assets purportedly grew to about $25 billion at its peak, making it one of the largest crypto platforms in the world. He said Mashinsky used catchy slogans like “Unbank Yourself” to entice prospective customers with a pledge that their money would be as safe in crypto accounts as money would be in a bank. Meanwhile, prosecutors said, Mashinsky and co-conspirators used customer deposits to fund market purchases of the Celsius token to prop up its value. Machinsky made tens of millions of dollars selling his own CEL tokens at artificially high prices, leaving his customers “holding the bag when the company went bankrupt,” Williams said. Related Articles National News | Judge weighs whether to order Fani Willis to comply with lawmakers’ subpoenas over Trump case National News | Are you a former SmileDirectClub customer? You might be eligible for a refund National News | Justice Department announces sweeping reforms to curb suicides in federal prisons and jails National News | Defense makes closing argument in murder trial of Cash App founder Bob Lee National News | Homeownership is getting unaffordable for the middle class An indictment alleged that Mashinsky promoted Celsius through media interviews, his social media accounts and Celsius’ website, along with a weekly “Ask Mashinsky Anything” session broadcast that was posted to Celsius’ website and a YouTube channel. Celsius employees from multiple departments who noticed false and misleading statements in the sessions warned Mashinsky, but they were ignored, the indictment said. A plea agreement Mashinsky made with prosecutors calls for him to be sentenced to up to 30 years in prison and to forfeit over $48 million, which is the amount of money he allegedly made by selling his company’s token. Sentencing was scheduled for April 8.