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President-elect Donald Trump on Saturday threatened 100% tariffs against a bloc of nine nations if they act to undermine the U.S. dollar. His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates. Philadelphia news 24/7: Watch NBC10 free wherever you are Turkey, Azerbaijan and Malaysia have applied to become members and several other countries have expressed interest in joining. While the U.S. dollar is by far the most-used currency in global business and has survived past challenges to its preeminence, members of the alliance and other developing nations say they are fed up with America’s dominance of the global financial system. Trump, in a Truth Social post, said: “We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs, and should expect to say goodbye to selling into the wonderful U.S. Economy." At a summit of BRIC nations in October, Russian President Vladimir Putin accused the U.S. of “weaponizing” the dollar and described it as a “big mistake.” “It’s not us who refuse to use the dollar,” Putin said at the time. “But if they don’t let us work, what can we do? We are forced to search for alternatives.” Russia has specifically pushed for the creation of a new payment system that would offer an alternative to the global bank messaging network, SWIFT, and allow Moscow to dodge Western sanctions and trade with partners. Trump said there is "no chance" BRIC will replace the U.S. dollar in global trade and any country that tries to make that happen "should wave goodbye to America.”Peter Dutton says he'll never stand in front of an Aboriginal flag as prime ministerSan Francisco 49ers running back Christian McCaffrey and top backup Jordan Mason are being placed on injured reserve. McCaffrey left the snowy field in Buffalo on Sunday night after a 5-yard gain that was preceded by him heading to the sideline in apparent pain at the end of an 18-yard run. McCaffrey was diagnosed with a posterior cruciate ligament injury in his right knee and did not play in the second half. The 49ers also lost Jordan Mason, who emerged in a starting role with McCaffrey out the first two months of the season, to an ankle injury. Head coach Kyle Shanahan said Monday that Mason has a high-ankle sprain, which typically requires a recovery window of 4-6 weeks. Those moves push rookie Isaac Guerendo into the RB1 spot. He scored the team's only touchdown at Buffalo. The IR slots in San Francisco are manned by multiple starters, including wide receiver Brandon Aiyuk, linebacker Dre Greenlaw, defensive tackle Javon Hargrave and safety Talanoa Hufanga. Mason had a team-leading 789 rushing yards and scored three touchdowns. Being placed on IR means he's not eligible to play until the regular-season finale at Arizona. McCaffrey had 53 yards on seven carries on Sunday night and caught two passes for 14 yards before exiting. He was playing in just his fourth game of the season after missing the first eight because of Achilles tendinitis. McCaffrey was the NFL Offensive Player of the Year last season, when he led the league with 2,023 yards from scrimmage: a league-leading 1,459 rushing yards and 14 touchdowns plus 67 catches for 564 yards and seven scores. McCaffrey hasn't scored a touchdown in his four appearances this season. He has rushed for 202 yards on 50 carries and caught 15 passes for 146 yards. "It was frustrating," Shanahan said after the game. "He had a great week of practice and I could feel his urgency and stuff and thought he came out great, looking really good, and it looked like he just got his shoestring there. ... I hurt for him, and tough for our team not having him." The 49ers (5-7) played without defensive end Nick Bosa (oblique) and left tackle Trent Williams (ankle) in the 35-10 loss. San Francisco has lost three in a row heading into next Sunday's game against the Chicago Bears (4-8) in Santa Clara, Calif. San Francisco resides two games behind the NFC West-leading Seattle Seahawks (7-5) with five games remaining on the schedule. Seattle and San Francisco split their season series. --Field Level Mediafree slot game
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Nov 21 (Reuters) - NetApp (NTAP.O) , opens new tab raised its profit and revenue forecast for fiscal 2025 on Thursday, banking on strong demand for data storage services as clients upgrade their cloud infrastructure, sending the company's shares up around 4% in extended trading. Demand for high-capacity data storage has been surging as enterprises incorporate artificial intelligence into their cloud platforms to process large amounts of data, benefiting companies such as NetApp. The company now expects its 2025 adjusted earnings per share to be between $7.20 and $7.40, compared with its prior range of $7 to $7.20. It also raised its annual revenue forecast to between $6.54 billion and $6.74 billion, from $6.48 billion to $6.68 billion expected earlier. NetApp's data storage is embedded in some of the world's biggest clouds, including Amazon Web Services (AMZN.O) , opens new tab , Microsoft Azure (MSFT.O) , opens new tab and Google Cloud (GOOGL.O) , opens new tab . The company's revenue for the second quarter came in at $1.66 billion, beating analysts' estimate of $1.65 billion, according to data compiled by LSEG. It reported net income per share of $1.42, compared with $1.10 a year ago. The company's performance was driven by a record-breaking quarter in all-flash storage and strong performance in cloud storage services, said CEO George Kurian. Shares of NetApp have risen more than 40% so far this year, outperforming the S&P 500 (.SPX) , opens new tab index, in part helped by its announcement of a share buyback in May. Company executives have also been aggressively pursuing acquisitions to grow and enhance its product portfolio. Sign up here. Reporting by Zaheer Kachwala in Bengaluru; Editing by Shilpi Majumdar Our Standards: The Thomson Reuters Trust Principles. , opens new tab
Rexford Industrial Realty, Inc. ( NYSE:REXR – Get Free Report ) declared a quarterly dividend on Wednesday, October 16th, Wall Street Journal reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.4175 per share by the real estate investment trust on Wednesday, January 15th. This represents a $1.67 annualized dividend and a dividend yield of 4.31%. The ex-dividend date of this dividend is Tuesday, December 31st. Rexford Industrial Realty has raised its dividend by an average of 24.5% per year over the last three years. Rexford Industrial Realty has a dividend payout ratio of 129.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Rexford Industrial Realty to earn $2.51 per share next year, which means the company should continue to be able to cover its $1.67 annual dividend with an expected future payout ratio of 66.5%. Rexford Industrial Realty Trading Down 0.9 % Rexford Industrial Realty stock opened at $38.71 on Friday. Rexford Industrial Realty has a 12 month low of $37.67 and a 12 month high of $56.99. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.40. The business’s fifty day simple moving average is $41.77 and its two-hundred day simple moving average is $46.22. The company has a market capitalization of $8.61 billion, a price-to-earnings ratio of 31.47, a price-to-earnings-growth ratio of 1.94 and a beta of 0.93. Wall Street Analysts Forecast Growth REXR has been the topic of several recent analyst reports. Bank of America downgraded Rexford Industrial Realty from a “buy” rating to a “neutral” rating and cut their target price for the company from $66.00 to $49.00 in a research note on Monday, October 21st. Mizuho reduced their price objective on Rexford Industrial Realty from $50.00 to $49.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Scotiabank cut shares of Rexford Industrial Realty from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the company from $55.00 to $48.00 in a research note on Friday, October 25th. Evercore ISI reiterated an “outperform” rating on shares of Rexford Industrial Realty in a research note on Friday, October 18th. Finally, Industrial Alliance Securities set a $55.00 price objective on shares of Rexford Industrial Realty in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $51.09. View Our Latest Research Report on REXR About Rexford Industrial Realty ( Get Free Report ) Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities. Further Reading Receive News & Ratings for Rexford Industrial Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rexford Industrial Realty and related companies with MarketBeat.com's FREE daily email newsletter .
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BETHESDA, Md.--(BUSINESS WIRE)--Dec 9, 2024-- Walker & Dunlop, Inc. announced today that it arranged the $185,000,000 sale of Preserve at Melrose, a suburban multifamily community built in 2015 that comprises 410 units in Vista, one of San Diego's most sought-after north county neighborhoods. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241209891604/en/ Preserve at Melrose (Photo: Business Wire) This sale represents the 2 nd largest single-asset transaction in San Diego and the fifth largest in California year-to-date in 2024. The Walker & Dunlop Investment Sales team, led by Hunter Combs , represented the seller, a local San Diego based group, and buyer, Mesirow. "San Diego remains a top target nationally for investors, making up 10% of all U.S. multifamily transactions over $150 million and 23% of those in California, year-to-date since 2023," said Hunter Combs, managing director of Investment Sales at Walker & Dunlop. "San Diego's market strength is propelled by its historically consistent rent growth, strong fundamentals and high barriers to entry. The influx of life science surrounding UCSD and big tech companies establishing their presence here, in addition to the long-standing defense industry underscores San Diego's exceptional market resilience and attractiveness for investors." "We were pleased to collaborate with Walker & Dunlop in the purchase of the Preserve at Melrose,” stated Alasdair Cripps , chief executive officer of Mesirow Institutional Real Estate Direct Investments. “The Preserve’s expansive amenity set, transit-oriented location and proximity to key employment centers make it one of north county San Diego’s most attractive multifamily properties, and we look forward to serving this community.” Located in the Vista submarket of San Diego, Preserve at Melrose is minutes from downtown Vista and transit oriented being adjacent to the light rail stations. The property is located off State Route 78, providing residents with direct access to major employment hubs along the 78 corridor, including Vista, Oceanside, Carlsbad, San Marcos, and Escondido. The multifamily community offers one-, two-, and three-bedroom apartments with resort-style amenities, all set within a serene, low-density garden-style setting. Walker & Dunlop is a leader in multifamily property sales, having completed over $51 billion in property sales volume since 2021. The firm is also one of the top providers of capital to the U.S. multifamily market. In 2023, Walker & Dunlop originated over $24 billion in debt financing volume, including lending over $20 billion for multifamily properties. To learn more about our capabilities and financing options, visit our website . About Walker & Dunlop Walker & Dunlop (NYSE: WD) is one of the largest commercial real estate finance and advisory services firms in the United States. Our ideas and capital create communities where people live, work, shop, and play. The diversity of our people, breadth of our brand and technological capabilities make us one of the most insightful and client-focused firms in the commercial real estate industry. About Mesirow Mesirow is an independent, employee-owned financial services firm founded in 1937. Headquartered in Chicago, with offices around the world, we serve clients through a personal, custom approach to reaching financial goals and acting as a force for social good. With capabilities spanning Global Investment Management, Capital Markets & Investment Banking, and Advisory Services, we invest in what matters: our clients, our communities and our culture. To learn more, visit mesirow.com , follow us on LinkedIn and subscribe to Spark , our quarterly newsletter. Mesirow has been named one of the Best Places to Work in Chicago by Crain’s Chicago Business multiple times and is one of Barron’s Top 100 RIA firms. View source version on businesswire.com : https://www.businesswire.com/news/home/20241209891604/en/ CONTACT: Investors: Kelsey Duffey Investor Relations Phone301.202.3207 investorrelations@walkeranddunlop.com Media: Nina H. von Waldegg VP, Public Relations Phone301.564.3291 info@walkeranddunlop.comPhone301.215.55007272 Wisconsin Avenue, Suite 1300 Bethesda, Maryland 20814 KEYWORD: CALIFORNIA MARYLAND UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY FINANCE PUBLIC RELATIONS/INVESTOR RELATIONS URBAN PLANNING BANKING COMMUNICATIONS PROFESSIONAL SERVICES RESIDENTIAL BUILDING & REAL ESTATE SOURCE: Walker & Dunlop, Inc. Copyright Business Wire 2024. PUB: 12/09/2024 06:00 PM/DISC: 12/09/2024 06:00 PM http://www.businesswire.com/news/home/20241209891604/enThe suspect, identified by police as Luigi Nicholas Mangione, had a gun believed to be the one used in Wednesday’s attack on Brian Thompson , as well as writings expressing anger at corporate America, police said. Here are some of the latest developments in the investigation: Where was the man captured? Mangione was taken into custody at around 9:15 a.m. after police received a tip that he was eating at a McDonald’s in Altoona, Pennsylvania, about 85 miles (137 kilometers) east of Pittsburgh, police said. Mangione was being held in Pennsylvania on gun charges and will eventually be extradited to New York to face charges in connection with Thompson’s death , said NYPD Chief of Detectives Joseph Kenny. What evidence did police find? In addition to a three-page, handwritten document that suggests he harbored “ill will toward corporate America,” Kenny said Mangione also had a ghost gun, a type of weapon that can be assembled at home and is difficult to trace. Officers questioned Mangione, who was acting suspiciously and carrying multiple fraudulent IDs, as well as a U.S. passport, New York Police Commissioner Jessica Tisch said at a news conference. Officers also found a sound suppressor, or silencer, “consistent with the weapon used in the murder,” the commissioner said. He had clothing and a mask similar to those worn by the shooter and a fraudulent New Jersey ID matching one the suspect used to check into a New York City hostel before the shooting, Tisch said. What do we know about Mangione? Kenny said Mangione was born and raised in Maryland, has ties to San Francisco and that his last known address is in Honolulu. Mangione, who was valedictorian of his Maryland prep school, earned undergraduate and graduate degrees in computer science in 2020 from the University of Pennsylvania, a university spokesman told The Associated Press on Monday. He learned to code in high school and helped start a club at Penn for people interested in gaming and game design, according to a 2018 story in Penn Today, a campus publication. His social media posts also suggest that he belonged to the fraternity Phi Kappa Psi. They also show him taking part in a 2019 program at Stanford University, and in photos with family and friends at the Jersey Shore and in Hawaii, San Diego, Puerto Rico, and other destinations. The Gilman School, from which Mangione graduated in 2016, is one of Baltimore’s elite prep schools. Some of the city’s wealthiest and most prominent people, including Orioles legend Cal Ripken Jr., have had children attend the school. Its alumni include sportswriter Frank Deford and former Arizona Gov. Fife Symington. In his valedictory speech, Luigi Mangione described his classmates’ “incredible courage to explore the unknown and try new things,” according to a post on the school website. He praised their collective inventiveness and pioneering mindset. Mangione took a software programming internship after high school at Maryland-based video game studio Firaxis, where he fixed bugs on the hit strategy game Civilization 6, according to a LinkedIn profile. Firaxis parent company Take-Two Interactive said Monday it would not comment on former employees. He more recently worked at the car-buying website TrueCar, according to the head of the Santa Monica, California-based company. “While we generally don’t comment on personnel matters, we confirm that Luigi Mangione has not been an employee of our company since 2023,” TrueCar CEO Jantoon Reigersman said by email. Mangione comes from a prominent Maryland family. His grandfather Nick Mangione, who died in 2008, was a successful real estate developer. One of his best-known projects was Turf Valley Resort, a sprawling luxury retreat and conference center outside Baltimore that he purchased in 1978. The father of 10 children, Nick Mangione prepared his five sons — including Luigi Mangione’s father, Louis Mangione — to help manage the family business, according to a 2003 Washington Post report. The Mangione family also purchased Hayfields Country Club north of Baltimore in 1986. On Monday, Baltimore County police officers blocked off an entrance to the property, which public records link to Luigi Mangione’s parents. Reporters and photographers gathered outside the entrance. Luigi Mangione is one of 37 grandchildren of Nick Mangione, according to the grandfather's obituary. Luigi Mangione's grandparents donated to charities through the Mangione Family Foundation, according to a statement from Loyola University commemorating Nick Mangione’s wife’s death in 2023. They donated to various causes ranging from Catholic organizations to colleges and the arts. One of Luigi Mangione’s cousins is Republican Maryland state legislator Nino Mangione, a spokesman for the lawmaker's office confirmed Monday. The shooting and a quick escape Police said the person who killed Thompson left a hostel on Manhattan's Upper West Side at 5:41 a.m. on Wednesday. Just 11 minutes later, he was seen on surveillance video walking back and forth in front of the New York Hilton Midtown, wearing a distinctive backpack. At 6:44 a.m., he shot Thompson at a side entrance to the hotel, fled on foot, then climbed aboard a bicycle and within four minutes had entered Central Park. Another security camera recorded the gunman leaving the park near the American Museum of Natural History at 6:56 a.m. still on the bicycle but without the backpack. After getting in a taxi, he headed north to a bus terminal near the George Washington Bridge, arriving at around 7:30 a.m. From there, the trail of video evidence runs cold. Police have not located video of the suspect exiting the building, leading them to believe he likely took a bus out of town. Police said they are still investigating the path the suspect took to Pennsylvania. “This just happened this morning," Kenny said. "We’ll be working, backtracking his steps from New York to Altoona, Pennsylvania,” Kenny said. Associated Press reporters Lea Skene in Baltimore, Matt O'Brien in Providence, Rhode Island, and Cedar Attanasio in New York contributed to this report.Eight students from across Northeast Tennessee recently completed the Hospitality & Tourism Certificate program offered in partnership with East Tennessee State University’s Office of Professional Development and the Northeast Tennessee Tourism Association. This certification was the 2022 recipient of the Association for Continuing Higher Education South Award. The first of its kind in the region, the program has grown over the last six years to include an alumni network of nearly 70 graduates. The students participated in classes held at Hands On! Discovery Center and Gray Fossil Site, hearing from more than 30 nationally recognized professionals in the industry, as well as representatives from city and county tourism departments and Main Street programs. “Tourism is a major economic driver for our region, with visitors spending $867 million annually,” said Alicia Phelps, executive director of the Northeast Tennessee Tourism Association. “By investing in workforce development through education and training, we can further strengthen the hospitality and tourism sectors. We are thrilled to continue our partnership with ETSU and offer this valuable certification program. Our region boasts a wealth of expertise and renowned institutions, and this program provides unique opportunities for participants to learn from industry leaders and gain hands-on experience.” 2024 Northeast Tennessee Hospitality & Tourism Certification Graduates: Session II Completion, Continuing Studies: The Hospitality & Tourism Certificate will be offered again in August 2025, with enrollment beginning in the spring. The certificate program is designed for those interested in expanding their skills and knowledge for personal and professional development, including tourism and hospitality professionals, graduate students, and others seeking to enhance their expertise in areas such as management, public relations, current technology, and social trends. The program prepares graduates for entry or advanced management positions in culinary, food and beverage, lodging, attractions, and tourism-related industries. Students gain insights into regional and international facets of the hospitality and tourism industry, with topics ranging from marketing, financial management, safety, strategic planning, and employee management in the local billion-dollar tourism industry. A strong emphasis is placed on applied skills, with students having access to industry leaders, as well as experienced faculty and staff from East Tennessee State University. For more information, including cost and enrollment details, visit NortheastTennessee.org/HTC or call 423-439-8084.simonmayer Banco BBVA Argentina S.A. ( NYSE: BBAR ) is expected to benefit from economic and social reforms in Argentina, but it has worse fundamentals than its peers and may not be the best way to play this macro theme. Business Overview Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
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