DALLAS , Dec. 16, 2024 /PRNewswire/ -- Bestow , a leading technology company in the life insurance industry, has been named one of the Top 100 Financial Technology Companies of 2024 by The Financial Technology Report . This recognition highlights Bestow's innovative approach to modernizing life insurance and its commitment to delivering seamless, high-impact solutions. The Financial Technology Report annually highlights organizations redefining financial services with innovation, influence, and impact. Bestow's inclusion places it among industry leaders, underscoring its role in transforming how life insurance is provided. "This recognition is a testament to our team's relentless focus on creating a better way to offer life insurance," said Melbourne O'Banion, CEO and Co-Founder, Bestow. "Bestow plays a crucial role in driving rapid innovation within the industry, and I'm proud of our team's commitment to our mission." Bestow's proprietary platform removes traditional barriers in the life insurance process, offering a fully digital experience that eliminates the need for medical exams and lengthy paperwork. Its advanced technology enables businesses to quickly integrate life insurance solutions and products into their platforms, helping carriers increase customer growth and profitability. Since its inception, Bestow has been at the forefront of insurtech innovation, leveraging data science and AI, forging strategic partnerships, and developing scalable solutions that empower businesses and broaden access to life insurance. This leadership has solidified its position in the evolving financial technology sector. Earlier this year, Bestow was recognized as one of the Top 25 Insurtech Companies by The Financial Technology Report for its success in partnering with leading carriers to broaden the reach and impact of life insurance solutions. Additionally, CNBC honored Bestow as one of the world's leading insurtech companies of 2024. For more information about Bestow, visit: Bestow.com About Bestow Bestow is on a mission to increase financial stability for everyone. We partner with top life insurance carriers to deploy cutting-edge technology and data solutions that reduce costs, maximize efficiency, and drive growth by streamlining processes from origination and underwriting through administration. To learn more, visit Bestow.com . View original content to download multimedia: https://www.prnewswire.com/news-releases/bestow-named-a-top-100-financial-technology-company-of-2024-302333006.html SOURCE Bestow Inc.Bernie Sanders says ‘Elon Musk is right’ about needing ‘change’ in military spendingStock market today: Wall Street inches higher to set more records
As it crossed the Niger Delta in 2021, a satellite imaged acres of bare land. The site outside the city of Port Harcourt was on a United Nations Environment Programme cleanup list, supposed to be restored to green farmland as the Delta was before thousands of oil spills turned it into a byword for pollution. Instead it was left a sandy “moonscape” unusable for farming, according to U.N. documents. It wasn’t the only botched cleanup, a cache of previously unreported investigations, emails, letters to Nigerian ministers and meeting minutes show. Senior U.N. officials considered the Nigerian cleanup agency a “total failure.” The agency, the Hydrocarbon Pollution Remediation Project, or Hyprep, selected cleanup contractors without relevant experience, a U.N. review found. It sent soil samples to laboratories lacking the equipment for tests they had claimed to perform. Auditors were physically blocked from checking that work had been completed. Most cleanup companies are owned by politicians, a former Nigerian environment minister told the AP, and correspondence shows similar views were shared by U.N. officials. It wasn’t supposed to be this way. There have been thousands of oil spills since Niger Delta production began in the 1950s. Reports and studies document that people often wash, drink, fish and cook in contaminated water. Spills still occur frequently. In November, the Ogboinbiri community in Bayelsa state suffered its fourth spill in three months, harming fields, streams and fishing. “We have not harvested anything," said farmer Timipre Bridget, there is now “no way to survive.” After a major U.N. pollution survey in 2011, oil companies agreed to a $1 billion cleanup fund for the worst-affected area, Ogoniland. Shell, the largest private oil and gas company in the country, contributed $300 million. The U.N. was relegated to an advisory role. The Nigerian government would handle the funds. But a confidential investigation by U.N. scientists last year found the site outside Port Harcourt was left with a “complete absence of topsoil,” with almost seven times more petroleum remaining than Nigerian health limits allow. The company responsible had its contract revoked, Nenibarini Zabbey, the current director of Hyprep, told the AP by email. The head of operations when the contract was awarded, Philip Shekwolo, called allegations in the U.N. documents “baseless" and "cheap blackmail.” Shekwolo, who used to head up oil spill remediation for Shell, insists the cleanup was successful. But the documents show U.N. officials raising the alarm since 2021, when Shekwolo was acting chief. A January 2022 U.N. review found 21 of the 41 contractors okayed to clean up spill sites had no relevant experience. These included construction companies and general merchants. They were effectively handed a “blank check,” U.N. Senior Project Advisor Iyenemi Kakulu is recorded saying in the minutes of a meeting with Hyprep and Shell. Incompetent companies were to blame for bad cleanups, Hyprep’s own communications chief, Joseph Kpobari is in the minutes as having said. Despite this, they were rewarded contracts for more polluted sites, the U.N. delegation warned. Zabbey denied Kpobari’s admission. He said 16 out of 20 sites in the project’s first stage are certified as clean by Nigerian regulators and many have been returned to communities. Hyprep always issued contracts correctly, he said. Two sources close to the cleanup efforts, speaking anonymously for fear of loss of business or employment, said when officials visited laboratories used by Hyprep, they lacked equipment needed to perform the tests they reported. In a letter to customers, one U.K. laboratory frequently used by Hyprep acknowledged its tests for most of 2022 were flawed and unreliable and the U.K. laboratory accreditation service confirmed the lab was twice suspended. Zabbey says now Hyprep monitors contractors more closely, labs adhere to Nigerian and U.N. recommendations and are frequently checked. The U.N. also warned the Nigerian government in a 2021 assessment that Hyprep’s spending was not being tracked. Internal auditors were considered “the enemy” and “demonized for doing their job.” Shekwolo’s predecessor as Hyprep chief blocked financial controls and “physically prevented” auditors from checking that work had been completed, it found. Zabbey responded that the audit team is valued now, and accounts are audited annually, although he provided only one audit cover letter. In it, the accountants “identified weaknesses.” One Nigerian politician tried to change things: Sharon Ikeazor spent decades as a lawyer before becoming environment minister in 2019. “The companies had no competence whatsoever,” she said in a phone interview. In February 2022, she received a letter from senior U.N. official Muralee Thummarukudy, warning of “significant opportunities for malpractice" over contract awards, unusually strong language in U.N. diplomacy. She removed Shekwolo as acting Hyprep chief the next month, explaining that she believed he was too close to the politicians. Most cleanup companies were owned by politicians, she said. The few competent companies “wouldn’t get the big jobs.” Shekwolo assessed who was competent for contract awards, Ikeazor said. Shekwolo’s former employer Shell and the U.N. both warned her about him, she said, something Shekwolo says he was unaware of. Ikeazor asked Shekwolo’s successor to review every suspect contract and investigate the cleanup companies. “That sent shockwaves around the political class,” she said. She was quickly replaced as environment minister, with Shekwolo rehired, after just two months out of office. Shekwolo denied being too close to politicians. He insists no reason was given for his removal and suggested Ikeazor simply didn’t like him. Last year, the U.N. Environment Programme ended its official involvement in the Nigerian oil spill cleanup, explaining its five-year consultancy was over. Ikeazor said the real reason was U.N. frustration over corruption, and the two sources close to the project concurred. Zabbey said he believes the U.N. merely changed its goals and moved on. Associated Press reporters Taiwo Adebayo and Dan Ikpoyi contributed from Abuja and Bayelsa, Nigeria. The Associated Press’ climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org .
NEW YORK , Dec. 3, 2024 /PRNewswire/ -- Report with market evolution powered by AI - The global ticket market size is estimated to grow by USD 228.52 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 18.67% during the forecast period. Success of movies due to increasing use of animation is driving market growth, with a trend towards high utilization of social media in selling tickets. However, growing threat of terrorism and occurrence of war between nations poses a challenge. Key market players include AMC Entertainment Holdings Inc., Big Tree Entertainment Pvt. Ltd., Cinemark Holdings Inc., Citizen Ticket Ltd., Coast To Coast Tickets LLC, Comcast Corp., CTS Eventim AG and Co. KGaA, Cvent Holding Corp., eBay Inc., Eventbee Inc., Eventbrite Inc., Ideabud LLC, ITKTS Interactive Technologies Pvt. Ltd., Live Nation Entertainment Inc., Lyte Inc., One97 Communications Ltd., Softjourn Corp., TickPick LLC, Viagogo Entertainment Inc., and Anschutz Entertainment Group Inc.. AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF Forecast period 2024-2028 Base Year 2023 Historic Data 2018 - 2022 Segment Covered Source (Primary and Secondary), Type (Sporting events, Movies, Concerts, and Performing arts), and Geography (North America, Europe, APAC, South America, and Middle East and Africa) Region Covered North America, Europe, APAC, South America, and Middle East and Africa Key companies profiled AMC Entertainment Holdings Inc., Big Tree Entertainment Pvt. Ltd., Cinemark Holdings Inc., Citizen Ticket Ltd., Coast To Coast Tickets LLC, Comcast Corp., CTS Eventim AG and Co. KGaA, Cvent Holding Corp., eBay Inc., Eventbee Inc., Eventbrite Inc., Ideabud LLC, ITKTS Interactive Technologies Pvt. Ltd., Live Nation Entertainment Inc., Lyte Inc., One97 Communications Ltd., Softjourn Corp., TickPick LLC, Viagogo Entertainment Inc., and Anschutz Entertainment Group Inc. Ticket Market: Trends Shaping the Future of Convenient Ticketing Artificial intelligence is revolutionizing the ticketing industry, making ticket purchase more efficient and convenient. Credit amounts can now be stored on wearables like smartwatches and NFC cards for contactless electronic ticket purchases. Operational efficiencies are increased with hardware like tap-off readers and RFID tags. Virtual reality maps and satellite delivery offer premium experiences for sports, entertainment, and parking. Buses, trains, and transportation networks are embracing digital transformation through smart cards and smart ticketing. Component manufacturers are producing ticket validators, Wi-Fi modules, and GPS for enhanced user experience. Event ticketing software provides deals, discounts, and marketing tools for event organizers, reaching internet users through online ticket purchase platforms. Digital wallets and mobile payment platforms ensure cashless transactions, increasing customer satisfaction and patronage. The public sector benefits from digital ticketing, reducing marketing costs and offering ticketless entry through wristbands. Movies, music concerts, and special presentations can be accessed with mobile tickets, enhancing the customer experience. Safety and accessibility are prioritized through contactless transactions and hygiene measures. Fintech companies like Mastercard are partnering with service providers to offer secure digital ticket purchases and mobile payment services. The entertainment industry continues to evolve with digital projection, 3-d content, and alternative entertainment offerings. Stay tuned for more trends shaping the future of ticketing! Social media plays a significant role in providing real-time feedback for businesses, particularly in the event and movie industries. Organizations use social computing tools for branding, marketing, and knowledge management initiatives. By registering on social media platforms like Twitter and Facebook, vendors can reach new audiences and gather public opinions. Sentiment analysis and behavioral analytics are increasingly important, driving cost-effective collaborations with the audience. Social media integration in business processes enhances market reach and engagement. Insights on how AI is driving innovation, efficiency, and market growth- Request Sample! • In the world of Ticket Market, artificial intelligence is a significant challenge as it requires advanced programming and algorithms for event ticketing, sports, parking, and transportation. Credit amount management is crucial for cashless transactions and customer satisfaction. Wearables and NFC cards offer convenient ticketing, while operational efficiencies can be gained through hardware like tap-off readers and ticket validators. Virtual reality maps and GPS enhance the customer experience. Component manufacturers must keep up with the latest technology like RFID tags and Wi-Fi modules. Public sector projects demand smart cards and smart ticketing for transportation networks. Event organizers seek digital transformation through contactless electronic tickets, mobile ticketing, and online ticket purchase platforms. Safety and hygiene are paramount, with secure digital ticket purchases and fintech companies like Mastercard leading the way. The entertainment industry continues to evolve with digital projection, 3-d content, and premium experiences. Pre-sales, barcode scanning, and discounts are essential for attracting and retaining a customer base. Marketing costs remain a challenge, but event discovery platforms and deals offer opportunities for growth. Ultimately, the goal is to provide a seamless user experience, from ticket purchase to entry, using digital devices and mobile payment platforms. • The global rise in terrorist activities poses significant challenges for event organizers, particularly those hosting large gatherings in special venues or crowded places. This trend has led to increased security concerns among attendees, resulting in a decline in participation. The heightened threat level has resulted in stricter border clearance procedures, causing delays and more thorough inspections. Countries such as the United States , the United Kingdom , France , and Germany have been particularly affected, with many potential attendees choosing to avoid events out of fear. Organizers are investing in advanced technologies to enhance security, but the fear of potential terrorist attacks remains a major obstacle. Insights into how AI is reshaping industries and driving growth- Download a Sample Report This ticket market report extensively covers market segmentation by Source 1.1 Primary 1.2 Secondary Type 2.1 Sporting events 2.2 Movies 2.3 Concerts 2.4 Performing arts Geography 3.1 North America 3.2 Europe 3.3 APAC 3.4 South America 3.5 Middle East and Africa 1.1 Primary- The primary segment of the global ticket market is the largest and most dynamic, driven by the increasing number of movies and events. Primary tickets can be sold through both online and offline platforms. Movies, with their increasing production and special effects, are a significant contributor to this segment's growth. The end-users have diverse expectations, leading to intense competition among vendors. The growing popularity of sports events, such as the Indian Premier League, and the increasing use of mobile devices and the internet are also fueling this segment's growth. Additionally, the corporate segment, including private organizations, businesses, and educational institutions, is expected to shift towards digital content services, creating a potential opportunity for online ticket sales during the forecast period. The digitization of event processes, customer-centric approaches, and the rise in the number of conferences and seminars are further growth drivers for this market. Download complimentary Sample Report to gain insights into AI's impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 - 2022) Ticket Market is a dynamic and innovative platform revolutionizing the way we purchase and manage tickets for various modes of transportation and entertainment events. Our focus is on delivering a seamless journey management experience, optimizing passenger experience through contactless and NFC ticketing, RFID technology, and real-time transit information. We strive for operational efficiency with integrated ticketing systems, ticket transfer, and ticket recovery. Our commitment to public transport innovation includes transit automation, user-friendly ticketing, multimodal transportation, and smart city initiatives. We cater to sports ticketing, parking ticketing, and event ticketing solutions, providing secure and durable ticketing options. Our advanced fare collection systems and smart mobility solutions enable sustainable transportation and transit data analytics. Join US in exploring the future of transportation and event management. Artificial intelligence is revolutionizing the ticketing industry, offering convenient and contactless ticketing solutions through electronic means. Wearables, such as smartwatches and NFC cards, are increasingly popular for tap-on and tap-off transactions at bus stops and parking lots. Operational efficiencies are enhanced through the use of RFID tags, IR sensors, and Wi-Fi modules in hardware like ticket validators and card readers. Virtual reality maps and 3-D content provide event experiences, while mobile ticketing and digital wallets offer cashless transactions and customer satisfaction. Event ticketing software enables pre-sales, discounts, and deals for internet users, attracting a larger customer base. The entertainment industry benefits from digital transformation, with premium experiences and alternative entertainment options available through mobile ticketing platforms. Safety and accessibility are ensured through secure digital transactions and contactless ticketing experiences. The public sector and transportation networks are embracing smart ticketing, with smart cards and Smar transport systems streamlining transportation and reducing marketing costs. The future of ticketing is digital, with fintech companies like Mastercard leading the way in digital payment services and contactless transactions. 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation Source Primary Secondary Type Sporting Events Movies Concerts Performing Arts Geography North America Europe APAC South America Middle East And Africa 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/ View original content to download multimedia: https://www.prnewswire.com/news-releases/ticket-market-to-grow-by-usd-228-52-billion-2024-2028-driven-by-animated-movies-success-report-on-ais-role-in-redefining-market-trends---technavio-302320518.html SOURCE Technavio © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Horse and cattle owners see shortage of veterinarians willing to take the reins of large animal careNone
NoneNEW 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.
ATLANTIC CITY, N.J. (AP) — New Jersey gambling regulators have handed out $40,000 in fines to two sportsbooks and a tech company for violations that included taking bets on unauthorized events, and on games that had already ended. In information made public Monday, the New Jersey Division of Gaming Enforcement fined DraftKings $20,000. It also levied $10,000 fines on Rush Street Interactive NJ and the sports betting technology company Kambi. According to documents released by the state, Rush Street accepted 16 bets worth $1,523 in Nov. 2021 on a college basketball game between the University of North Carolina-Asheville and Tennessee Tech University after the game had already concluded with a UNC victory. Kambi told the enforcement division that a trader had failed to manually remove that game from its betting markets, saying it had stopped receiving messages from its own sports data provider due to a network connectivity error. Kambi said it has updated its guidelines and retrained its traders to prevent a recurrence. Kambi, which is based in Malta, did not immediately respond to a message seeking comment Monday. Rush Street declined comment, and DraftKings had no immediate comment Monday. DraftKings stopped using Kambi in 2021. In March 2022 Rush Street took seven bets totaling just under $2,900 on three Magic City Jai Alai games after the results were already known. Kambi told the division it experienced a connectivity issue that allowed the bets to be accepted after the games were over. An explanation of what Kambi did to address the situation was blacked out in documents released by the division. A month earlier Rush Street took 13 wagers worth $8,150 with pre-match odds on a Professional Golf Association match after the event had already begun. In this case, Kambi told the division a newly hired trader failed to enter the correct closing time time for bets on the event. The trader and a supervisor underwent retraining. DraftKings was fined for taking bets on unapproved events including Russian basketball for nine months in 2020 and 2021. It eventually voided over $61,000 in bets and returned the money to customers after being directed to do so by the state. In this case, Kambi told the division it misidentified this particular Russian basketball league as one that was approved for wagering in New Jersey. DraftKings told the state it did not catch the error, either. In 2020, DraftKings accepted 484 wagers on unapproved table tennis matches. Kambi incorrectly enabled the events for wagering without conditions required by the state, the division said. In Feb. 2022, the division said DraftKings took pre-season NFL bets involving specific players but did not give the state specific information on what information was to be included in the bets, drawing 182 wagers worth nearly $7,000 that were later voided and refunded to customers. Follow Wayne Parry on X at www.twitter.com/WayneParryACIndiana coach Mike Woodson is happy that his team has won three straight games but concerned that it's committing too many turnovers. Limiting miscues is at the top of his wish list for Monday night's Big Ten Conference opener against visiting Minnesota in Bloomington, Ind. While the Hoosiers (7-2) shot 53.8 percent and dominated Miami (Ohio) 46-29 on the glass during a 76-57 win at home Friday night, they also had more turnovers (16) than assists (15). Having played for Bob Knight at Indiana, Woodson is fanatical about his team executing its offense without making mistakes. "We were taking chances on passes that weren't there," Woodson said. "We have to fix it. If we start Big Ten play like that, it puts you in a hole." In between careless mistakes, the Hoosiers got a huge game out of Oumar Ballo, the Arizona transfer who had 14 points, 18 rebounds and six assists. It was his 35th career double-double but his first at Indiana. Ballo (12.7 points per game, 9.3 rebounds) is one of four players averaging double figures for the Hoosiers. They're led by Malik Reneau, who's hitting for 15.4 ppg on 58.9 percent shooting. While Indiana tries to fine-tune its game, the Golden Gophers (6-4, 0-1 Big Ten) aim to get to the .500 mark in conference play after absorbing a 90-72 beating Wednesday night against visiting Michigan State. There was good news for Minnesota in that game. Mike Mitchell Jr. returned to the lineup after missing seven games with a high ankle sprain and drilled 5 of 9 3-pointers in a 17-point performance. Mitchell's shooting should aid an attack that ranks 311th in Division I in 3-point percentage at 29.7 percent as of Sunday. "He's a difference-maker in terms of being able to space the floor," Gophers coach Ben Johnson said of Mitchell. "He provides offensive firepower and a guy who can make shots and take pressure off our offense." Dawson Garcia leads the team at 19 ppg, while Lu'Cye Patterson and Mitchell are scoring 10 ppg. The Hoosiers own a 109-69 lead in the all-time series. --Field Level Media
NEW YORK (AP) — U.S. stock indexes drifted amid mixed trading Monday, ahead of this week’s upcoming meeting by the Federal Reserve that could set Wall Street’s direction into next year. The S&P 500 rose 0.4%, coming off its first losing week in the last four . The Nasdaq composite climbed 1.2% to a record, while the Dow Jones Industrial Average was a laggard and fell 110 points, or 0.3%. Broadcom leaped 11.2% to help lead the S&P 500 for a second straight day after delivering a profit report last week that beat analysts’ expectations. The technology company is riding a wave of enthusiasm about its artificial-intelligence offerings in particular. The market’s main event, though, will arrive on Wednesday when the Federal Reserve will announce its last move on interest rates for the year. The widespread expectation is that it will cut its main rate for a third straight time, as it tries to boost the slowing job market after getting inflation nearly all the way down to its target of 2%. The question is how much more it will cut rates next year, and Fed officials will release projections for where they see the federal funds rate ending 2025, along with other economic indicators, once their meeting concludes. Fed Chair Jerome Powell will also answer questions in a press conference following the meeting. For now, the general expectation among traders is that the Fed may cut a couple more times in 2025, according to data from CME Group. But such expectations have been shrinking following reports suggesting inflation may be tougher to get all the way down to 2% from here. Besides last month’s slight acceleration in inflation, another worry is that President-elect Donald Trump’s preferences for tariffs and other policies could lead to higher inflation down the line. Goldman Sachs economist David Mericle has dropped his earlier forecast of a cut by the Fed in January, for example. Beyond the possibility of tariffs, he said Fed officials may also want to slow their cuts because of uncertainty about exactly how low rates need to go so that they no longer press the brakes on the economy. Expectations for a series of cuts to rates by the Fed have been one of the main reasons the S&P 500 has set an all-time high 57 times so far this year and is heading for one of its best years of the millennium . The economy has held up better than many feared, continuing to grow even after the Fed hiked the federal funds rate to a two-decade high in hopes of grinding down on inflation, which topped 9% two summers ago. On Wall Street, MicroStrategy jumped as much as 7% during the day as it continues to benefit from the surging price for bitcoin , which set another all-time high. But its stock ended the day down by les than 0.1% after bitcoin’s price pulled back below $106,000 after setting a record above $107,700, according to CoinDesk. The software company has been building its hoard of the cryptocurrency, and its stock price has more than sextupled this year. It will also soon join the Nasdaq 100 index. Bitcoin’s price has catapulted from roughly $44,000 at the start of the year, riding a recent wave of enthusiasm that Trump will create a system that’s more favorable to digital currencies . Honeywell rose 3.7% after saying it’s still considering a spin-off or sale of its aerospace business, as part of a review of its overall business. It said it plans to give an update with the release of its fourth-quarter results. They helped offset a drop for Nvidia, whose chips are powering much of the world’s move into AI. Its stock fell 1.7%. Because it’s grown so massive, with a total value topping $3 trillion, it was the single heaviest weight on the S&P 500. All told, the S&P 500 rose 22.99 points to 6,074.08. The Dow Jones Industrial Average fell 110.58 to 43,717.48, and the Nasdaq composite rose 247.17 to 20,173.89. In the bond market, Treasury yields held relatively steady. The yield on the 10-year Treasury edged down to 4.39% from 4.40% late Friday. The two-year yield, which more closely tracks expectations for the Fed, eased to 4.24% from 4.25%. In stock markets abroad, indexes fell modestly across much of Europe and Asia. They sank 0.9% in Hong Kong and 0.2% in Shanghai after China reported lackluster economic indicators for November despite attempts to strengthen the world’s second-largest economy. South Korea’s Kospi fell 0.2% as law enforcement authorities pushed to summon impeached President Yoon Suk Yeol for questioning over his short-lived martial law decree, and the Constitutional Court met to discuss whether to remove him from office or reinstate him. ___ AP Business Writer Elaine Kurtenbach contributed. Stan Choe, The Associated Press
Cowboys star G Zack Martin doubtful to play vs. Commanders
NEW YORK, Dec. 08, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of ASP Isotopes Inc. (NASDAQ: ASPI) between October 30, 2024 and November 26, 2024, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 3, 2025 . SO WHAT: If you purchased ASP Isotopes securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the ASP Isotopes class action, go to https://rosenlegal.com/submit-form/?case_id=32062 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 3, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers. DETAILS OF THE CASE: According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) ASP Isotopes overstated the potential effectiveness of its enrichment technology; (2) ASP Isotopes overstated the development potential of its high assay low-enriched uranium facility; (3) ASP Isotopes overstated the Company’s nuclear fuels operating segment results; and (4) as a result of the foregoing, defendants’ positive statements about the ASP Isotope’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the ASP Isotopes class action, go to https://rosenlegal.com/submit-form/?case_id=32062 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm , on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/ . Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 case@rosenlegal.com www.rosenlegal.comHouse task force cites 'various failures' ahead of 'preventable' Trump shooting