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South Korea’s Yoon survives impeachment after martial law fiascoNEW YORK (AP) — U.S. stocks tiptoed to more records amid a mixed Tuesday of trading, tacking a touch more onto what’s already been a stellar year so far. The S&P 500 edged up by 2 points, or less than 0.1%, to set an all-time high for the 55th time this year. It’s climbed in 10 of the last 11 days and is on track for one of its best years since the turn of the millennium. The Dow Jones Industrial Average slipped 76 points, or 0.2%, while the Nasdaq composite added 0.4% to its own record set a day earlier. AT&T rose 4.6% after it boosted its profit forecast for the year. It also announced a $10 billion plan to send cash to its investors by buying back its own stock, while saying it expects to authorize another $10 billion of repurchases in 2027. On the losing end of Wall Street was U.S. Steel, which fell 8%. President-elect Donald Trump reiterated on social media that he would not let Japan’s Nippon Steel take over the iconic Pennsylvania steelmaker. Nippon Steel announced plans last December to buy the Pittsburgh-based steel producer for $14.1 billion in cash, raising concerns about what the transaction could mean for unionized workers, supply chains and U.S. national security. Earlier this year, President Joe Biden also came out against the acquisition. Tesla sank 1.6% after a judge in Delaware reaffirmed a previous ruling that the electric car maker must revoke Elon Musk’s multibillion-dollar pay package. The judge denied a request by attorneys for Musk and Tesla’s corporate directors to vacate her ruling earlier this year requiring the company to rescind the unprecedented pay package. All told, the S&P 500 rose 2.73 points to 6,049.88. The Dow fell 76.47 to 44,705.53, and the Nasdaq composite gained 76.96 to 19,480.91. In the bond market, Treasury yields held relatively steady after a report showed U.S. employers were advertising slightly more job openings at the end of October than a month earlier. Continued strength there would raise optimism that the economy could remain out of a recession that many investors had earlier worried was inevitable. The yield on the 10-year Treasury rose to 4.23% from 4.20% from late Monday. Yields have seesawed since Election Day amid worries that Trump’s preferences for lower tax rates and bigger tariffs could spur higher inflation along with economic growth. But traders are still confident the Federal Reserve will cut its main interest rate again at its next meeting in two weeks. They’re betting on a nearly three-in-four chance of that, according to data from CME Group. Lower rates can give the economy more juice, but they can also give inflation more fuel. The key report this week that could guide the Fed’s next move will arrive on Friday. It’s the monthly jobs report , which will show how many workers U.S. employers hired and fired during November. It could be difficult to parse given how much storms and strikes distorted figures in October. Based on trading in the options market, Friday’s jobs report appears to be the biggest potential market mover until the Fed announces its next decision on interest rates Dec. 18, according to strategists at Barclays Capital. In financial markets abroad, the value of South Korea’s currency fell 1.1% against the U.S. dollar following a frenetic night where President Yoon Suk Yeol declared martial law and then later said he’d lift it after lawmakers voted to reject military rule. Stocks of Korean companies that trade in the United States also fell, including a 1.6% drop for SK Telecom. Japan’s Nikkei 225 jumped 1.9% to help lead global markets. Some analysts think Japanese stocks could end up benefiting from Trump’s threats to raise tariffs , including for goods coming from China . Trade relations between the U.S. and China took another step backward after China said it is banning exports to the U.S. of gallium, germanium, antimony and other key high-tech materials with potential military applications. The counterpunch came swiftly after the U.S. Commerce Department expanded the list of Chinese technology companies subject to export controls to include many that make equipment used to make computer chips, chipmaking tools and software. The 140 companies newly included in the so-called “entity list” are nearly all based in China. In China, stock indexes rose 1% in Hong Kong and 0.4% in Shanghai amid unconfirmed reports that Chinese leaders would meet next week to discuss planning for the coming year. Investors are hoping it may bring fresh stimulus to help spur growth in the world’s second-largest economy. In France, the CAC 40 rose 0.3% amid continued worries about politics in Paris , where the government is battling over the budget. AP Business Writers Yuri Kageyama and Matt Ott contributed.
Ratings for Essential Props Realty EPRT were provided by 11 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 3 4 0 0 Last 30D 0 0 1 0 0 1M Ago 1 2 0 0 0 2M Ago 3 1 1 0 0 3M Ago 0 0 2 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $35.39, along with a high estimate of $40.00 and a low estimate of $32.00. This current average reflects an increase of 5.48% from the previous average price target of $33.55. Exploring Analyst Ratings: An In-Depth Overview The standing of Essential Props Realty among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Greg McGinniss Scotiabank Raises Sector Perform $33.00 $32.00 Michael Goldsmith UBS Raises Buy $40.00 $39.00 Vikram Malhorta Mizuho Raises Outperform $35.00 $31.00 Connor Siversky Wells Fargo Lowers Overweight $34.00 $37.00 Michael Goldsmith UBS Raises Buy $39.00 $36.00 Greg McGinniss Scotiabank Raises Sector Perform $32.00 $30.00 Ki Bin Kim Truist Securities Raises Buy $36.00 $33.00 Connor Siversky Wells Fargo Raises Overweight $37.00 $34.00 Simon Yarmak Stifel Raises Buy $36.25 $32.00 Sheila McGrath Evercore ISI Group Raises In-Line $34.00 $33.00 Sheila McGrath Evercore ISI Group Raises In-Line $33.00 $32.00 Key Insights: Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Essential Props Realty. This information provides a snapshot of how analysts perceive the current state of the company. Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Essential Props Realty compared to the broader market. Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Essential Props Realty's stock. This comparison reveals trends in analysts' expectations over time. Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Essential Props Realty's market standing. Stay informed and make well-considered decisions with our Ratings Table. Stay up to date on Essential Props Realty analyst ratings. All You Need to Know About Essential Props Realty Essential Properties Realty Trust Inc is a real estate investment trust. It is an internally managed real estate company acquires, owns and manages single-tenant properties that are net leased on a long-term basis to middle-market companies operating service-oriented or experience-based businesses. Essential Props Realty: Financial Performance Dissected Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position. Revenue Growth: Essential Props Realty's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 27.79% . This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Real Estate sector. Net Margin: Essential Props Realty's net margin is impressive, surpassing industry averages. With a net margin of 41.85%, the company demonstrates strong profitability and effective cost management. Return on Equity (ROE): Essential Props Realty's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.52% ROE, the company effectively utilizes shareholder equity capital. Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 0.91%, the company showcases effective utilization of assets. Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.69 . The Significance of Analyst Ratings Explained Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter. Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors. If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro . Which Stocks Are Analysts Recommending Now? Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. Click here to stay ahead of the market . This article was generated by Benzinga's automated content engine and reviewed by an editor. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Hochul signs bills to expand protections in domestic violence casesSBS is set to have a new home in Western Sydney after the federal government announced funding to expand the multicultural broadcaster's production facilities. The government will provide an upfront investment of $5.9 million to enable SBS to start work on finding a site to expand its news and current affairs, multilingual audio services and screen production. Communications Minister Michelle Rowland said the new production hub would feature a TV studio able to host live audiences, radio and podcasting booths, collaboration spaces for talent incubation, and a workspace to support production output. 'Contradictory views': How Australians feel about migration and multiculturalism Once established, it would enable SBS to deliver approximately 360 hours per year of new first-run Australian screen content and 1,440 hours per year of original audio and podcast content — including multilingual content. Rowland said the move would create opportunities for local, skilled production jobs in an area where 40 per cent of the population are born overseas. An initial feasibility study focused on a full relocation of SBS from its headquarters in Artarmon, in Sydney’s north, but the government opted not to pursue it due to the significant cost. 'A fantastic vote of confidence' SBS managing director James Taylor said the funding announcement was "a fantastic vote of confidence by the minister and the government in the value of SBS, and the work we do in service of all Australians". "The board and I are delighted that the government has committed to supporting SBS to establish itself permanently in Western Sydney, which will enable us to bring even more distinctive stories to all Australians," he said. Rowland thanked the SBS board and management "for their initiative in proposing this exciting project" and said she "look[s] forward to working with them to bring it to fruition". "As Australia's dedicated multicultural and First Nations broadcaster and one of our most trusted news brands, SBS plays a vital role in promoting social cohesion," she said. "SBS connects with multilingual, multicultural and First Nations communities, including in Western Sydney, and is vital to bringing diverse voices to Australian audiences." Source: AAP / Lukas Coch SBS board chair George Savvides AM said that SBS' creation of content "content with communities, especially those who are under-represented in the Australian media, those communities feel more included in society". "With SBS turning 50 next year, what better way to celebrate than to expand our storytelling capability and infrastructure." "The SBS board is delighted at the opportunity to embed SBS within Western Sydney, and to keep growing SBS' contribution to social cohesion through community access to trusted, impartial media and even greater opportunities for local communities to be part of our diverse storytelling." Steps towards the west Scoping work for the Western Sydney project will commence shortly and include engaging with local and industry stakeholders to identify an appropriate site and a commercial expression of interest process in which parties such as local councils will have the opportunity to present options, Taylor said. "There will be a range of factors considered, including proximity to services and transport, and I will share more as we develop the details," he said. "This is very early days, and the first step is to complete the work required to identify the full costs involved for establishing the production hub and the additional content. We expect to kick off the project early in the new year and be out in market looking for a site in the first half of 2025. "I anticipate that we will be in a position to present a completed business case to government in late 2025, and following approval of the business case, construction of the facility would be ready to commence."
The Prince and Princess of Wales’ official London residence, Kensington Palace, was temporarily closed on Sunday due to hazardous weather conditions brought by Storm Bert. In an announcement shared on social media, a closure notice stated: “Due to Storm Bert, there are a number of closures across our sites on Sunday, 24 November. “Kensington Palace is closed today—please see our website for more on the gardens at Hampton Court Palace and Hillsborough Castle.” A warning sign at the palace gates reinforced the message, reading: “Park closed. Hazardous conditions — do not enter.” The storm wreaked havoc across large parts of the United Kingdom over the weekend, unleashing powerful winds, torrential rain, and snowfall. Flood warnings remain active in England, Scotland, and Wales, with authorities urging caution in affected areas. While Prince William and Princess Kate primarily reside at Adelaide Cottage in Windsor, Kensington Palace remains their official London home. The palace holds historical significance for the couple, who previously lived there with their children in the luxurious Apartment 1A. The grand apartment boasts five reception rooms, three primary bedrooms, dressing rooms, and nurseries, alongside staff accommodations. Despite stepping back from living there full-time, the property remains a cornerstone of their royal duties. The palace was recently described in vivid detail by Prince Harry in his memoir *Spare*. Reflecting on a visit he and Meghan Markle made to Kensington Palace in June 2018, he wrote: “Willy and Kate invited us over for tea. To clear the air. We walked over one late afternoon. I saw Meg’s eyes widen as we entered their front door, walked past their front sitting room, down their hallway, into their study. ‘Wow,’ Meg said several times. The wallpaper, the crown moulding, the walnut bookshelves lined with color-coordinated volumes, the priceless art. Gorgeous. Like a museum.” Harry humorously contrasted their lavish surroundings with his and Meghan’s own modest furnishings, noting: “We complimented them lavishly on their renovation, though we also thought sheepishly of our IKEA lamps, our discount sofa recently bought on sale with Meg’s credit card, from sofa.com.” As the storm’s aftermath continues to impact the region, Kensington Palace’s closure underscores the severe weather conditions gripping the UK. Updates on re-openings and safety measures are expected in the coming days. Save my name, email, and website in this browser for the next time I comment. Δ document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() );
Dillon Gabriel's run at Oregon harkens back to the days of another Hawaii-born QB, Marcus MariotaDillon Gabriel's run at Oregon harkens back to the days of another Hawaii-born QB, Marcus Mariota