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AUSTIN, TEXAS / ACCESSWIRE / December 23, 2024 / Interactive Strength Inc. (Nasdaq:TRNR) ("TRNR" or the "Company"), maker of innovative specialty fitness equipment under the CLMBR and FORME brands, today announced it had issued a shareholder update for 2024, and look ahead for 2025, available on the Company's investor website. TRNR Investor Contact ir@interactivestrength.com TRNR Media Contact forme@jacktaylorpr.com About Interactive Strength Inc.: Interactive Strength Inc. produces innovative specialty fitness equipment and digital fitness services under two main brands: 1) CLMBR and 2) FORME. Interactive Strength Inc. is listed on NASDAQ (symbol: TRNR). CLMBR is a vertical climbing machine that offers an efficient and effective full-body strength and cardio workout. CLMBR's design is compact and easy to move - making it perfect for commercial or in-home use. With its low impact and ergonomic movement, CLMBR is safe for most ages and levels of ability and can be found at gyms and fitness studios, hotels, and physical therapy facilities, as well as available for consumers at home. www.clmbr.com . FORME is a digital fitness platform that combines premium smart gyms with live virtual personal training and coaching to deliver an immersive experience and better outcomes for both consumers and trainers. FORME delivers an immersive and dynamic fitness experience through two connected hardware products: 1) The FORME Studio Lift (fitness mirror and cable-based digital resistance) and 2) The FORME Studio (fitness mirror). In addition to the company's connected fitness hardware products, FORME offers expert personal training and health coaching in different formats and price points through Video On-Demand, Custom Training, and Live 1:1 virtual personal training. www.formelife.com . Forward Looking Statements: This press release includes certain statements that are "forward-looking statements" for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate strictly to historical or current facts and reflect management's assumptions, views, plans, objectives and projections about the future. Forward-looking statements generally are accompanied by words such as "believe", "project", "expect", "anticipate", "estimate", "intend", "strategy", "future", "opportunity", "plan", "may", "should", "will", "would", "will be", "will continue", "will likely result" or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the possibility of accomplishing various initiatives in 2025 and the potential positive impact on the company's financials. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of the Company. Risks and uncertainties include but are not limited to: demand for our products; competition, including technological advances made by and new products released by our competitors; our ability to accurately forecast consumer demand for our products and adequately maintain our inventory; and our reliance on a limited number of suppliers and distributors for our products. A further list and descriptions of these risks, uncertainties and other factors can be found in filings with the Securities and Exchange Commission. To the extent permitted under applicable law, the Company assumes no obligation to update any forward-looking statements. Contact Information John McNamara IR john@tradigitalir.com 917-658-2602 SOURCE: Interactive Strength Inc. View the original on accesswire.comSwept by Jags, Titans alone in AFC South basement
NoneIn 2024, central banks worldwide succeeded in controlling inflation, leading to the beginning of monetary policy easing to stimulate the economy. However, they still face many challenges. The US economy continued to expand, with third-quarter gross domestic product (GDP) showing acceleration from the first half, while inflation showed signs of slowing, albeit at a slower pace than expected. In China, economic activity continued to slow down, with third-quarter GDP expansion at 4.6% year-on-year, continuing to decelerate from the first half. The Chinese government shifted its economic management model from "cautious" to full "stimulus" to alleviate a slowdown and stimulate stock market growth. Various stimulus measures have been introduced, such as liquidity injection, local government assistance and support for the struggling real estate sector. In Thailand, although the economy recovered in the third quarter, growing by 3%, improvement was seen only in certain areas. In the bigger picture, economic growth in 2024 has been estimated at 2.6%, lower than the early-year forecast of 3-4% due to: FINAL YEAR OF EASING Entering 2025, we view it as the final year of monetary policy easing, with central banks worldwide preparing to reduce interest rates amid expected challenges from US trade policy under Donald Trump and an economic slowdown in China. We expect 2025 to be the last year major central banks pursue accommodative monetary policy. The Federal Reserve is likely to cut rates twice in the first half, while the European Central Bank (ECB) may cut up to 4 times amid a weak economy. The Bank of Japan, conversely, could raise rates by 25 basis points in May. In Thailand, we expect the central bank to make three cuts totalling 75 basis points -- in February, June and October -- to stimulate the slowing economy. Regarding the economic outlook, we believe the US economy is likely to achieve a soft landing due to relatively high interest rates that will increasingly pressure consumption, investment and manufacturing. Inflation may decrease to 2.5% by the end of 2025, but Mr Trump's policies may create volatility in the second half of the year. We view that Mr Trump's policies will have severe impacts, but their implementation won't be rapid and will depend on tactical approaches. If the president makes good on his threat to impose 10% tariffs on imports from all over the world, it would slow the global economy, but the US would be the most affected. Consequently, we expect Mr Trump won't rush into a trade war but will target countries one by one, especially those with large trade surpluses like China, the EU and Mexico. He may also call for bilateral trade agreements, which he strongly prefers over multilateral blocs, while pushing to reduce US corporate tax from 21% to 15% to strengthen the domestic economy first. In China, although the economy is slowing, the government is preparing stimulus measures to maintain a growth target of around 5%. We expect growth to slow but not reach crisis levels, possibly expanding by around 4.5%, while monetary and fiscal measures focus mainly on restoring confidence in financial and capital markets. MODEST EXPECTATIONS Thailand's economy in 2025 is likely to grow by 2.7%, similar to 2024. We have revised down our forecast from 3.0% after the Bank of Thailand maintained the policy rate at 2.25%, indicating no rush to pursue accommodative monetary policy, which will keep liquidity conditions tight. We expect Thai private consumption to grow by 2.2% next year, while private investment may grow by only 0.5%. Exports will tend to stabilise, with no growth. Inflation will remain below target at 0.9%, while the average value of the baht will likely remain close to current levels (averaging 35.30 per dollar in 2024). We expect the baht to weaken from 34 early in the year to 35-36 baht in the second half. As for a possible trade war with the US, although Thailand isn't in the top 10, it has a large trade surplus with the US of $29 billion. It may not face direct US tariffs but could face non-tariff barriers such as intellectual property protection and enforcement issues, currency manipulator accusations, and US pressure to open the market for pork imports using ractopamine, a feed additive banned in most countries including Thailand. Given these circumstances and the slowing global economy, we expect Thai exports won't grow next year. Based on all these views, we recommend a "selective buy" investment strategy for Thai stocks, focusing on two main groups: Dr Piyasak Manason heads the Investment Strategy Department, INVX-Research Group, at InnovestX Securities.
Two bills giving additional privileges to senior citizens were recently in the news: one ensures access to employment and the other exempts them from paying income taxes. House Bill No. 10985 or the proposed “Employment Opportunities for Senior Citizens and Private Entities’ Incentives Act,” was passed on final reading by the House of Representatives this week. The measure ensures access to employment opportunities for seniors who still have the capacity and interest to work. Possible jobs include clerical or secretarial work, consultancy, cleaning or janitorial services, event organizing, teaching, kitchen help, sales assistance, and business process outsourcing. House Bill No. 10989, filed earlier this month and is pending at the House committee on senior citizens, seeks to exempt senior citizens who are still working from paying taxes. The bill’s explanatory note stated that 75 percent of the country’s 9.22 million senior citizens were not covered by social security or did not have retirement plans. Among pensioners, 60 percent receive below P5,000 every month while 42 percent remain in the labor force. The measure seeks to increase their “meager savings” through tax exemption so that they can have adequate financial protection by the time they retire. Indeed, a monthly pension of P5,000 is hardly enough to cover necessities, especially with inflation, and it will be difficult for retirees with no substantial retirement plan to manage their finances. Several studies have attributed this to the lack of financial education among Filipinos. “The lack of retirement planning is exacerbated by the general gaps in financial knowledge among Filipinos to manage their retirement finance. Either the funds are left in savings accounts, which produce near zero income, or they are depleted due to bad business decisions or spent on unnecessary extravagance. The lack of financial literacy, discipline and annuity type of pension payout can contribute to early depletion of retirement funds,” said the state think tank Philippine Institute for Development Studies. Financial advisor Celina Magallona said it could also be cultural and rooted in Filipinos’ fatalistic or “bahala na” attitude. A consequence of this lack of retirement plan is that many retirees continue to find employment to secure their financial future. This should not be seen as negative in itself and employing retirees is not a new concept. Several countries like Singapore and Taiwan have such programs. Singapore’s retirement law, for example, mandates employers to offer re-employment to eligible employees 63-68 years old, as long as they are willing and able to. These proposed legislative measures can indeed help protect seniors from discrimination and ageism. On top of these, however, seniors must also be assisted in securing their finances before retirement through financial literacy programs. The government must also assess how current programs are implemented because it is a reflection of how the state takes care of its elderly population. Several programs for senior citizens are facing funding problems, including the social pension for the indigent members of the population. The Department of Social Welfare and Development said this week that it had no funding yet for the over 600,000 waitlisted indigent senior citizens who were supposed to receive a P1,000 monthly social pension. This benefit is mandated under Republic Act No. 9994 or the Expanded Senior Citizens Act of 2010 which was enacted in July 2022. There are fears that the problem of insufficient funds for the program will continue with the number of beneficiaries increasing every year—it is seen to balloon to 800,000 from 622,000 this year. Aside from budgeting woes, the process of availing benefits for senior citizens remains challenging. Seniors who have reached a certain milestone age applying for cash incentives under Republic Act No. 10868 or the Centenarian Act of 2016 have faced various difficulties and it is not fair for them to go through a rigorous process of what is already provided by law. Certainly, there is no lack of well-intentioned programs for the elderly. The perennial problem is always the implementation. The government must make the process of availing these benefits more accessible and hassle-free, bearing in mind that the intended beneficiaries are no longer as mobile and fit. It must also make sure that it can fund laws that it enacts. Subscribe to our daily newsletter By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . More importantly, seniors are in the twilight of their lives, and the least that the state—which has benefited from their talent and skills during their prime—can do is to ensure that they enjoy these benefits while they still can.
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ET Graphics | Inflation drives surge in spending on vegetables and spices, HCES 2023-24 revealsSmokers who quit for a week could save a day of their life, experts say
NEW YORK — Technology stocks are dragging down the market Friday as Wall Street closes out a holiday-shortened week. The S&P 500 fell 1.3%, with more than 90% of stocks in the benchmark index losing ground. The benchmark index was managing to hold onto a modest gain for the week. The Dow Jones Industrial Average fell 418 points, or 1%, to 42,878 as of 1:43 p.m. Eastern time. The Nasdaq composite fell 1.8%. Technology stocks were the biggest weight on the market Friday. Semiconductor giant Nvidia slumped 2.7%. Its enormous valuation gives it an outsize influence on indexes. Other Big Tech stocks losing ground included Microsoft, with a 2% decline. A wide range of retailers also fell. Amazon fell 1.9% and Best Buy slipped 1.8%. The sector is being closely watched for clues on how it performed during the holiday shopping season. Energy stocks held up better than the rest of the market, with a loss of just 0.1% as crude oil prices rose 1.4%. The S&P 500 gained nearly 3% over a 3-day stretch before breaking for the Christmas holiday. On Thursday, the index posted a small decline. “There’s just some uncertainty over this relief rally we’ve witnessed since last week,” said Adam Turnquist, chief technical strategist for LPL Financial. Despite Friday’s drop, the market is moving closer to another standout annual finish . The S&P 500 is on track for a gain of around 25% in 2024. That would mark a second consecutive yearly gain of more than 20%, the first time that has happened since 1997-1998. The gains have been driven partly by upbeat economic data showing that consumers continued spending and the labor market remained strong. Inflation, while still high, has also been steadily easing. A report on Friday showed that sales and inventory estimates for the wholesales trade industry fell 0.2% in November, following a slight gain in October. That weaker-than-expected report follows an update on the labor market Thursday that showed unemployment benefits held steady last week. The stream of upbeat economic data and easing inflation helped prompt a reversal in the Federal Reserve’s interest rate policy this year. Expectations for interest rate cuts also helped drive market gains. The central bank recently delivered its third cut to interest rates in 2024. Even though Inflation has come closer to the central bank’s target of 2%, it remains stubbornly above that mark and worries about it heating up again have tempered the forecast for more interest rate cuts. Inflation concerns have added to uncertainties heading into 2025, which include the labor market’s path ahead and shifting economic policies under incoming President Donald Trump. Worries have risen that Trump’s preference for tariffs and other policies could lead to higher inflation , a bigger U.S. government debt and difficulties for global trade. Amedisys rose 4.7% after the home health care and hospice services provider agreed to extend the deadline for its sale to UnitedHealth Group. The Justice Department had sued to block the $3.3 billion deal, citing concerns he combination would hinder access to home health and hospice services in the U.S. The move to extend the deadline comes ahead of an expected shift in regulatory policy under Trump. The incoming administration is expected to have a more permissive approach to dealmaking and is less likely to raise antitrust concerns. In Asia, Japan’s benchmark index surged as the yen remained weak against the dollar. Stocks in South Korea fell after the main opposition party voted to impeach the country’s acting leader. Markets in Europe gained ground. Bond yields held relatively steady. The yield on the 10-year Treasury rose to 4.61% from 4.59% late Thursday. The yield on the two-year Treasury slipped to 4.31% from 4.33% late Thursday. Wall Street will have more economic updates to look forward to next week, including reports on pending home sales and home prices. There will also be reports on U.S. construction spending and snapshots of manufacturing activity.
CHARLOTTE, N.C. (AP) — Perhaps the biggest improvement in Bryce Young’s game in Year 2 has been his ability to improvise and use his legs to create plays. Read this article for free: Already have an account? To continue reading, please subscribe: * CHARLOTTE, N.C. (AP) — Perhaps the biggest improvement in Bryce Young’s game in Year 2 has been his ability to improvise and use his legs to create plays. Read unlimited articles for free today: Already have an account? CHARLOTTE, N.C. (AP) — Perhaps the biggest improvement in Bryce Young’s game in Year 2 has been his ability to improvise and use his legs to create plays. On Sunday, Young ran five times for a career-high 68 yards, including a 23-yard touchdown on a scramble in Carolina’s 36-30 overtime win over Arizona, which eliminated the Cardinals from playoff contention. It was Young’s fourth rushing touchdown of the season after failing to score on the ground in 2023 as a rookie. Aside from the touchdowns, his rushing numbers are similar to 2023, but it’s clear Young is making better decisions and getting out of the pocket quicker when his protection begins to breaks down. “I’m trying to take what the defense gives me,” Young said. “As a passer, I always try to remain a passer as long as possible. We talk about all the time just extending above the 2.7 (seconds) and starting the second play, and doing whatever it takes. For me, it’s just being more comfortable in the system and playing with the guys. I want to do everything I can to continue to be efficient by moving the chains and doing what’s best for the team. The last couple of weeks have been a little more than that.” Young played one of his better games against the Cardinals, finishing 17 of 26 passing for 158 yards and two touchdowns with no interceptions one week after turning the ball over four times in a loss to the Dallas Cowboys. Carolina scored TDs on its first three possessions, the first time that has happened in six years. Panthers coach Dave Canales said Young played “fast” and was “really decisive.” “You saw some of the scrambles early in the first half where he was able to pick up some critical third downs for us there and run one in for a touchdown,” Canales said. “It was about just being decisive, knowing where all the bones are buried in his concepts and being able to get to the scramble when those windows opened up for him. Again, just making some really nice throws when we needed him to.” What’s working Carolina’s offensive line was outstanding on Sunday in the run-blocking game as the Panthers racked up 243 yards with Chuba Hubbard running for 152 yards and two TDs. Hubbard has 1,195 yards rushing, which ranks as the fourth most in a season in team history behind DeAngelo Williams (1,515) in 2008, Stephen Davis (1,444) in 2003 and Christian McCaffrey (1,387) in 2019. His 10 touchdowns on the ground are tied for the fifth most in franchise history. What needs help The Panthers run defense. It’s the same old refrain and it isn’t going to get any better until next season. Carolina allowed James Conner to run for 117 yards and a touchdown as Arizona put up 206 yards on the ground. The Panthers have now allowed an average of nearly 200 yards rushing over the past seven weeks under defensive coordinator Ejiro Evero. Injuries have played a major role in that as the team lost defensive lineman Derrick Brown and linebacker Shaq Thompson early in the season, but it’s obvious that adding help on the front seven will be a major priority for general manager Dan Morgan in the offseason. Stock up Hubbard got the redemption he sought on Sunday when he ran 21 yards for the winning touchdown in overtime to knock the Cardinals out of playoff contention. Three weeks earlier, Hubbard fumbled in overtime against the Tampa Bay Buccaneers while the Panthers were driving for the winning field goal, costing his team the game. The left Hubbard sitting on the team’s bench on the sideline in disbelief. But Hubbard told himself at the time he would get another shot — and make the most of it. Hubbard had all 49 yards on the team’s winning drive in OT and finished with 152 yards — 1 shy of a career high — and two touchdowns. Stock down Getting plays in on time to the huddle and getting them off before the play clock expires has been a challenge at times this season, and it crept up again against the Cardinals. On third-and-goal at the Arizona 3, the Panthers were flagged for delay of game after spending too much time reviewing whether Jalen Coker had hauled in a TD catch on the previous play. Replays showed Coker made the catch, but was out of bounds. The play call got in late to Young and he didn’t get it off in time and no timeout was called. The penalty moved the Panthers back 5 yards, but the Cardinals bailed them out when they were flagged for roughing the passer. That gave the Panthers a new set of downs at the 4, and Hubbard scored on the next play. Injuries The Panthers came out of Sunday’s game relatively injury-free. There had been an illness running through the team’s locker room last week and it forced center Cade Mays to sit out the game. Brady Christensen stepped in and played well, helping aid in Hubbard’s big day. Key number Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. 1 — The NFL wanted to emphasize taking hip-drop tackles out of the game. Well, for the first time this season a flag was thrown on Sunday, coming against Panthers rookie linebacker Jacoby Windmon with just under eight minutes remaining in the second quarter when he brought down Conner. Conner was not injured on that play, but later left the game in the third quarter with a knee injury. Next steps The Panthers play their final two games on the road at Tampa Bay and Atlanta, so they’ll play a factor in who wins the NFC South. ___ AP NFL: https://apnews.com/hub/nfl Advertisement AdvertisementNEW ROCHELLE, N.Y. (AP) — Thomas Batties II had 16 points in Harvard's 67-61 victory against Iona on Sunday. Batties also contributed eight rebounds and six blocks for the Crimson (4-8). Austin Hunt scored 16 points, shooting 5 for 9 (1 for 3 from 3-point range) and 5 of 6 from the free-throw line. Tey Barbour had 14 points and shot 4 for 6 (3 for 5 from 3-point range) and 3 of 3 from the free-throw line. The Gaels (4-9) were led in scoring by Dejour Reaves, who finished with 22 points and four steals. Adam Njie added 12 points and four steals for Iona. Yaphet Moundi also put up eight points and four blocks. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .Swept by Jags, Titans alone in AFC South basementWater Ways Reports Share Consolidation Update
Canada coach Dave Cameron shuffles the deck at hyped-up World Juniors