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Last 2 defendants in Atlanta's Young Thug trial are acquitted of murder and gang charges
Chewy ( CHWY -7.17% ) stock took another hit on Thursday, a day after getting dinged by investors reacting to the company's third-quarter earnings report. While there was no direct news of note from the company, one analyst tracking its shares downgraded his recommendation. The result was that Chewy's share price fell by 6% across the trading session, a notably steeper decline than the S&P 500 index's 0.2% drop. Rover has not earned a treat Well before market open that day, Exane BNP Paribas' Chris Bottiglieri changed his recommendation on Chewy. It's now a neutral, according to him, where previously he felt it was worthy of an outperform (i.e., buy). His price target currently stands at $30 per share. It wasn't immediately clear why Bottiglieri made the adjustment, although it hardly seems coincidental that it almost immediately followed that earnings announcement . Although the pet care company managed to grow its revenue and flip to a bottom-line profit, its net income figure came in under the consensus analyst estimate. It has to be said that, while no pundits upgraded their Chewy recommendations Thursday, several bumped their price targets higher. Among these raisers were analysts from TD Cowen, Guggenheim, and Goldman Sachs ; however these raises were relatively modest. Better days ahead? These days, investors expect retail stocks to post robust growth figures -- often, it isn't sufficient if they show only single-digit improvements -- and Chewy's top-line improvement was 5% year over year. It isn't necessarily fair that they're punished in this way, and I think Chewy deserves better -- not least because management is forecasting a much better growth figure (13%) for its current quarter.Public Storage stock underperforms Monday when compared to competitors despite daily gains
Evolv Receives Expected Nasdaq Delinquency NotificationVisa and FPT Corporation collaborate to advance government’s digital transformation in Vietnam
Rupert Murdoch's audacious bid to cement his eldest son's control over one of the world's most influential media empires has failed, a US report said Monday. The first family of news -- commanding a stable that includes Fox News, The Wall Street Journal and a host of British and Australian media -- had been the inspiration for the hit TV series "Succession." Like the fictional version, this real-life fight pitted the children of a powerful patriarch against each other for who should be the face and the voice of the empire after the old man dies. Murdoch, now 93, had long intended that his children inherit the empire, and jointly decide its direction. The eldest daughter, Prudence, has had little involvement in the family business, but at various times the other three -- Lachlan, James and Elisabeth -- have all been considered as successors. But in recent years Murdoch senior had reportedly grown concerned that Fox News -- the crown jewels of the collection -- might drift away from its lucrative right-wing moorings after his death, to reflect the more centrist views of James and Elisabeth. He had therefore sought to designate Lachlan -- who currently heads Fox News and News Corp -- as the controlling player in the wider business. That had required rewriting the terms of an irrevocable trust that passed power to the four siblings jointly, stripping three of them of voting power, while allowing them to continue to benefit financially. Rupert Murdoch had argued that giving control to Lachlan -- who is understood to share his father's worldview -- was in the financial interests of the whole brood. The family intrigue played out behind closed doors in a Nevada courtroom, where Murdoch senior and his four children were understood to have given several days' evidence in September. In a decision filed at the weekend, probate commissioner Edmund J. Gorman Jr. said the father and son had acted in "bad faith" in trying to rewrite the rules, The New York Times reported, citing a copy of the sealed court document. The plan to alter the trust's structure was a "carefully crafted charade" to "permanently cement Lachlan Murdoch's executive roles." "The effort was an attempt to stack the deck in Lachlan Murdoch's favor after Rupert Murdoch's passing so that his succession would be immutable," the Times cited the ruling as saying. "The play might have worked; but an evidentiary hearing, like a showdown in a game of poker, is where gamesmanship collides with the facts and at its conclusion, all the bluffs are called and the cards lie face up. "The court, after considering the facts of this case in the light of the law, sees the cards for what they are and concludes this raw deal will not, over the signature of this probate commissioner, prevail." Murdoch's lawyer, Adam Streisand, did not immediately reply to an AFP request for comment. The ruling is not final, and must now be ratified or rejected by a district judge. That ruling could be challenged, perhaps provoking another round of legal arguments. The complicated structure of the irrevocable trust reflects the colourful familial relationships that shaped Rupert Murdoch's life as he built the multibillion-dollar empire. The trust was reported to have been the result of a deal agreed with his second wife -- mother of Lachlan, Elisabeth and James -- who wanted to ensure her offspring would not be disenfranchised by children Murdoch had with his third wife, Wendi Deng. The Murdoch empire has transformed tabloid newspapers, cable TV and satellite broadcasting over the last few decades while facing accusations of stoking populism across the English-speaking world. Brexit in Britain and the rise of Donald Trump in the United States are credited at least partly to Murdoch and his outlets. hg/nroPamela Franco surprises by comparing Christian Cueva with Luis Miguel: “My Mickey, my king” | Magaly TV, the firm | Shows
A second young person is on the run from the government's trial boot camp, after one vanished while at the funeral of another participant , Oranga Tamariki senior executives have told a parliamentary committee. On Thursday it was reported that one of the young men taking part in the boot camp pilot was on the run after attending the funeral of another who had died. Those taking part in the pilot were released from the youth justice facility in Palmerston North in October, and have been in the community phase of the boot camp programme. Oranga Tamariki deputy chief executive of youth justice services and residential care Tusha Penny told a parliamentary select committee on Friday morning that two participants were actually on the run. One escaped from the tangi and another a day later, she said. Penny acknowledged the death of one of the boot camp's participants and their whānau. Speaking to MPs, Penny said the whānau of the teenager who has died was dealing with having to bury a son and brother, and that needed to be acknowledged first and foremost. "We sat here probably a year ago now and said transition is going to be tough, because it's evidenced up the wazoo and everyday people are fighting. The recidivism rates we have every week going into the youth justice residences are around 60 to 80 percent. "So I want to put that out there, because we need the reality." Penny says she was not going to give up, despite how tough it is, and everyone in the programme has had traumatic experiences. "Right now, two of the remaining nine rangatahi have absconded - one absconded from the tangi and one absconded a day later. "It's been tough, we've had two of the young people arrested on charges already, one of those people the charges were withdrawn," she said. "Do I think there will be further offending? Absolutely. "We also though have to look for the good cholestreol, because there's always some good. "We have one of our people in fulltime employment today, I say today because this is dynamic," Penny told MPs. "We have one of our young people on work experience, we have one likely to start work soon, we have six engaged in some education course." National MP Joseph Mooney, who chairs the social services committee, has worked as a youth advocate and criminal lawyer and got emotional talking to Penny about how tough it is to try and change young people's lives. Penny said the boot camps have been "incredibly politicised" but the programme was making change despite the whole thing not always "being successful". "I'm not saying this is the panacea, I'm not saying it's the answer, but I'm definitely saying what we're seeing could be an improvement for youth justice across the board with an operating model." Oranga Tamariki and Waikato police both confirmed the 15-year-old, who was granted bail on compassionate grounds to attend the funeral by the Youth Court, had absconded. Waikato police said he was wanted for arrest. Sign up for Ngā Pitopito Kōrero, a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
Jessica Alba and Tracey Nyberg’s Lady Metalmark Entertainment has boarded “Queens,” Switzerland’s official selection for the international feature Oscar, as executive producer. The film follows two teenage sisters living in Peru in 1992 as the country slides into political unrest. They are about to leave with their mother to live in the U.S. but they need their father to sign consent papers — he’s been absent for years but now he decides to win back his two “queens.” Abril Gjurinovic, Luana Vega and Jimena Lindo star. The film won the Audience Award at this year’s Locarno Film Festival and the Grand Prix in Generation Kplus at the Berlinale, after world premiering at the Sundance Film Festival. Reynicke, who co-wrote the screenplay with Diego Vega Vidal, drew on her own experience of leaving Peru as a young girl during a period of political turmoil in the early 1990s. She now lives in Switzerland, and the film is a Swiss-Peruvian co-production. The films is a great fit for actor, producer and businesswoman Alba (she founded the Honest Company). Her shingle Lady Metalmark Entertainment is committed to work with diverse artists and to champion female-driven, culturally diverse and Latino inspired stories. “We are honored to join Klaudia Reynicke’s extraordinary film ‘Queens’ as executive producers,” said Alba and Nyberg in a joint statement. “This powerful story illuminates the unshakable strength of a mother’s love and her relentless drive to create a better future for her children. Capturing stellar performances amidst the rugged beauty of Lima, Peru, Klaudia is a filmmaker of exceptional talent — something we are excited for audiences to discover as they laugh and cry alongside Elena and her daughters, with a story that will resonate long after the credits roll.” “In ‘Queens,’ I wanted to craft a film that was both personal and universal, a story about sisterhood, identity, migration and love,” said Reynicke. “Jessica Alba understands these themes on an emotional level, which is why having her as an executive producer feels like a dream. With her passion and heritage guiding the film, Queens becomes more than just a story, it’s a tribute to the strength of families and the hope that carries us forward. I am equally thrilled that her partner, Tracey Nyberg, is joining us as an executive producer, bringing her expertise and dedication to amplify the impact of this story. This collaboration is a testament to the power of women supporting each other to tell stories that matter — stories about childhood, parenthood, resilience, and the strength we find in hope.”Cheers and beers for Ruud van Nistelrooy as Leicester reign starts with win
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NEW YORK — Disgraced former Congressman Anthony Weiner appears to be trying to mount a political comeback and has officially registered to run for an East Village City Council seat. The once-promising politician, now infamous after being brought down by two very public sexting scandals and serving time in prison for sexting a minor, filed the paperwork formalizing his status as a candidate last week after publicly toying with the idea of running for the City Council seat. Weiner said Tuesday his account with the city’s campaign finance board should be considered “exploratory” and that he hasn’t yet decided on whether to actually run. Weiner said he filed the paperwork because a local Democratic club required it to be considered at a candidates forum Thursday. “So here I am,” he said. “I’m doing this one step at a time,” Weiner said in a phone interview that was interrupted multiple times as he tried to usher his dog, a pit terrier lab mix named Billy, into his apartment after returning from a walk. The race to replace Council member Carlina Rivera , who cannot run in 2025 due to term limits, is shaping up to be among the most competitive Council races. Also in the running for the seat are current Assemblyman Harvey Epstein and Andrea Gordillo, Manhattan Community Board 3 chair. The former U.S. representative said he has some “volunteers” already working for him, but no paid staff or fundraising mechanisms at the moment. He also said that he’ll be putting out a book called “25 ideas for 25” that will be “coming out soon.” “That’ll be the next thing I’ll do and I’ll be going to places and talking to people and we’ll see what happens,” Weiner said. Weiner hasn’t held public office since 2011, when he was ousted from his congressional seat because of a sexting scandal involving multiple women, including a minor. Two years later, subsequent sexts revealed his online pseudonym “Carlos Danger” and destroyed his 2013 bid for mayor. He was later caught sending inappropriate photos to a 15-year-old girl in North Carolina and eventually sentenced to around a year and a half behind bars for the incident. Weiner was previously married to Huma Abedin, a top aide to Hillary Clinton during her 2016 run against Donald Trump. Investigators reviewing Weiner’s online activity accidentally uncovered emails that led then-FBI Director James Comey to reopen an investigation of Clinton’s emails — an infamous political scandal in its own right. Weiner declined to comment on how he’d wrestle with his checkered past during a potential campaign. “Running for office is a privilege, and those who seek to represent this district must have a clear understanding of the challenges our families face,” Council member Rivera said in a statement. “The democratic process is a cornerstone of our society, and every voice matters in moving us forward. I encourage my neighbors to engage fully in the primary process and make an informed choice that will help shape a brighter future.” ©2024 New York Daily News. Visit nydailynews.com . Distributed by Tribune Content Agency, LLC.Letters for Dec. 10: Declining a reelection bid is President Biden’s defining legacy in officeDisability ministers will ‘champion’ inclusion and accessibility, says TimmsPHILADELPHIA, Pennsylvania (WPVI) -- Whether a police officer or a civilian, all players stepped on the soccer field with one goal: to promote peace and respect in Philadelphia. The Philadelphia Police Soccer Team started to take shape earlier this year, and its members have already competed in a tournament in New Jersey. Today's friendly match was another chance for them to find their rhythm, and demonstrate how other districts can pick up the sport as well. On the other side of the field, a new coalition known as the 'Southwest All Stars' laced up for the match. It is composed of members of the Salone FC soccer team and the Pennsylvania Oldtimers Community Sports Association . "We usually come here separate, but this time, we tried to work together," said Rev. George Fully, President of the POSCA. Two opposing coaches, Officer Musa Kaba and Foday Turay, had something else in common. They both grew up playing soccer in West Africa. Watch the video above to hear what this event means to them in their own words. RELATED: The IM ABLE Foundation helps police officer who lost his leg find adaptive ways to keep moving forward
NEW YORK (AP) — A slide for market superstar Nvidia on Monday knocked Wall Street off its big rally and helped drag U.S. stock indexes down from their records. The S&P 500 fell 0.6%, coming off its 57th all-time high of the year so far. The Dow Jones Industrial Average dipped 240 points, or 0.5%, and the Nasdaq composite pulled back 0.6% from its own record. Nvidia’s fall of 2.5% was by far the heaviest weight on the S&P 500 after China said it’s investigating the company over suspected violations of Chinese anti-monopoly laws. Nvidia has skyrocketed to become one of Wall Street’s most valuable companies because its chips are driving much of the world’s move into artificial-intelligence technology. That gives its stock’s movements more sway on the S&P 500 than nearly every other. Nvidia’s drop overshadowed gains in Hong Kong and for Chinese stocks trading in the United States on hopes that China will deliver more stimulus for the world’s second-largest economy. Roughly three in seven of the stocks in the S&P 500 also rose. The week’s highlight for Wall Street will arrive midweek when the latest updates on inflation arrive. Economists expect Wednesday’s report to show the inflation that U.S. consumers are feeling remained stuck at close to the same level last month. A separate report on Thursday, meanwhile, could show an acceleration in inflation at the wholesale level. They’re the last big pieces of data the Federal Reserve will get before its meeting next week on interest rates. The widespread expectation is still that the central bank will cut its main interest rate for the third time this year. The Fed has been easing its main interest rate from a two-decade high since September to offer more help for the slowing job market, after bringing inflation nearly all the way down to its 2% target. Lower interest rates can ease the brakes off the economy, but they can also offer more fuel for inflation. Expectations for a series of cuts from the Fed have been a major reason the S&P 500 has set so many all-time highs this year. “Investors should enjoy this rally while it lasts—there’s little on the horizon to disrupt the momentum through year-end,” according to Mark Hackett, chief of investment research at Nationwide, though he warns stocks could stumble soon because of how overheated they’ve gotten. On Wall Street, Interpublic Group rose 3.6% after rival Omnicom said it would buy the marketing and communications firm in an all-stock deal. The pair had a combined revenue of $25.6 billion last year. Omnicom, meanwhile, sank 10.2%. Macy’s climbed 1.8% after an activist investor, Barington Capital Group, called on the retailer to buy back at least $2 billion of its own stock over the next three years and make other moves to help boost its stock price. Super Micro Computer rose 0.5% after saying it got an extension that will keep its stock listed on the Nasdaq through Feb. 25, as it works to file its delayed annual report and other required financial statements. Earlier this month, the maker of servers used in artificial-intelligence technology said an investigation found no evidence of misconduct by its management or by the company’s board following the resignation of its public auditor . All told, the S&P 500 fell 37.42 points to 6,052.85. The Dow dipped 240.59 to 4,401.93, and the Nasdaq composite lost 123.08 to 19,736.69. In the oil market, a barrel of benchmark U.S. crude rallied 1.7% to settle at $68.37 following the overthrow of Syrian leader Bashar Assad, who sought asylum in Moscow after rebels. Brent crude, the international standard, added 1.4% to $72.14 per barrel. The price of gold also rose 1% to $2,685.80 per ounce amid the uncertainty created by the end of the Assad family’s 50 years of iron rule. In stock markets abroad, the Hang Seng jumped 2.8% in Hong Kong after top Chinese leaders agreed on a “moderately loose” monetary policy for the world’s second-largest economy. That’s a shift away from a more cautious, “prudent” stance for the first time in 10 years. A major planning meeting later this week could also bring more stimulus for the Chinese economy. U.S.-listed stocks of several Chinese companies climbed, including a 12.4% jump for electric-vehicle company Nio and a 7.4% rise for Alibaba Group. Stocks in Shanghai, though, were roughly flat. In Seoul, South Korea’s Kospi slumped 2.8% as the fallout continues from President Yoon Suk Yeol ’s brief declaration of martial law last week in the midst of a budget dispute. In the bond market, the yield on the 10-year Treasury rose to 4.19% from 4.15% late Friday. AP Business Writers Matt Ott and Elaine Kurtenbach contributed.
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Rupert Murdoch's audacious bid to cement his eldest son's control over one of the world's most influential media empires has failed, a US report said Monday. The first family of news -- commanding a stable that includes Fox News, The Wall Street Journal and a host of British and Australian media -- had been the inspiration for the hit TV series "Succession." Like the fictional version, this real-life fight pitted the children of a powerful patriarch against each other for who should be the face and the voice of the empire after the old man dies. Murdoch, now 93, had long intended that his children inherit the empire, and jointly decide its direction. The eldest daughter, Prudence, has had little involvement in the family business, but at various times the other three -- Lachlan, James and Elisabeth -- have all been considered as successors. But in recent years Murdoch senior had reportedly grown concerned that Fox News -- the crown jewels of the collection -- might drift away from its lucrative right-wing moorings after his death, to reflect the more centrist views of James and Elisabeth. He had therefore sought to designate Lachlan -- who currently heads Fox News and News Corp -- as the controlling player in the wider business. That had required rewriting the terms of an irrevocable trust that passed power to the four siblings jointly, stripping three of them of voting power, while allowing them to continue to benefit financially. Rupert Murdoch had argued that giving control to Lachlan -- who is understood to share his father's worldview -- was in the financial interests of the whole brood. The family intrigue played out behind closed doors in a Nevada courtroom, where Murdoch senior and his four children were understood to have given several days' evidence in September. In a decision filed at the weekend, probate commissioner Edmund J. Gorman Jr. said the father and son had acted in "bad faith" in trying to rewrite the rules, The New York Times reported, citing a copy of the sealed court document. The plan to alter the trust's structure was a "carefully crafted charade" to "permanently cement Lachlan Murdoch's executive roles." "The effort was an attempt to stack the deck in Lachlan Murdoch's favor after Rupert Murdoch's passing so that his succession would be immutable," the Times cited the ruling as saying. "The play might have worked; but an evidentiary hearing, like a showdown in a game of poker, is where gamesmanship collides with the facts and at its conclusion, all the bluffs are called and the cards lie face up. "The court, after considering the facts of this case in the light of the law, sees the cards for what they are and concludes this raw deal will not, over the signature of this probate commissioner, prevail." Murdoch's lawyer, Adam Streisand, did not immediately reply to an AFP request for comment. The ruling is not final, and must now be ratified or rejected by a district judge. That ruling could be challenged, perhaps provoking another round of legal arguments. The complicated structure of the irrevocable trust reflects the colourful familial relationships that shaped Rupert Murdoch's life as he built the multibillion-dollar empire. The trust was reported to have been the result of a deal agreed with his second wife -- mother of Lachlan, Elisabeth and James -- who wanted to ensure her offspring would not be disenfranchised by children Murdoch had with his third wife, Wendi Deng. The Murdoch empire has transformed tabloid newspapers, cable TV and satellite broadcasting over the last few decades while facing accusations of stoking populism across the English-speaking world. Brexit in Britain and the rise of Donald Trump in the United States are credited at least partly to Murdoch and his outlets. hg/nroAlkami technology's chief strategy officer sells $825,741 in stock
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