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Democracy in action with bid to target YoonBy HILLEL ITALIE NEW YORK (AP) — Even through a year of nonstop news about elections, climate change, protests and the price of eggs, there was still time to read books. Related Articles Books | Wonder and joy at the light that breaks the dark: more holiday books for younger readers Books | Right on time for holiday shopping: big names in new bestselling books Books | In bestsellers for young readers, ways to stay occupied on winter break Books | Percival Everett, 2024 National Book Award winner, rereads one book often Books | Gift books for 2024: What to give, and what to receive, for all kinds of readers U.S. sales held steady according to Circana, which tracks around 85% of the print market, with many choosing the relief of romance, fantasy and romantasy. Some picked up Taylor Swift’s tie-in book to her blockbuster tour, while others sought out literary fiction, celebrity memoirs, political exposes and a close and painful look at a generation hooked on smartphones. Here are 10 notable books published in 2024, in no particular order. Asking about the year’s hottest reads would basically yield a list of the biggest hits in romantasy, the blend of fantasy and romance that has proved so irresistible fans were snapping up expensive “special editions” with decorative covers and sprayed edges. Of the 25 top sellers of 2024, as compiled by Circana, six were by romantasy favorite Sarah J. Maas, including “House of Flame and Shadow,” the third of her “Crescent City” series. Millions read her latest installment about Bryce Quinlan and Hunter Athalar and traced the ever-growing ties of “Maasverse,” the overlapping worlds of “Crescent City” and her other series, “Throne of Glass” and “A Court of Thorns and Roses.” If romantasy is for escape, other books demand we confront. In the bestselling “The Anxious Generation,” social psychologist Jonathan Haidt looks into studies finding that the mental health of young people began to deteriorate in the 2010s, after decades of progress. According to Haidt, the main culprit is right before us: digital screens that have drawn kids away from “play-based” to “phone-based” childhoods. Although some critics challenged his findings, “The Anxious Generation” became a talking point and a catchphrase. Admirers ranged from Oprah Winfrey to Arkansas Gov. Sarah Huckabee, who in a letter to state legislators advocated such “commonsense recommendations” from the book as banning phones in schools and keeping kids off social media until age 16. Bob Woodward books have been an election tradition for decades. “War,” the latest of his highly sourced Washington insider accounts, made news with its allegations that Donald Trump had been in frequent contact with Russian leader Vladimir Putin even while out of office and, while president, had sent Putin sophisticated COVID-19 test machines. Among Woodward’s other scoops: Putin seriously considered using nuclear weapons against Ukraine, and President Joe Biden blamed former President Barack Obama, under whom he served as vice president, for some of the problems with Russia. “Barack never took Putin seriously,” Woodward quoted Biden as saying. Former (and future) first lady Melania Trump, who gives few interviews and rarely discusses her private life, unexpectedly announced she was publishing a memoir: “Melania.” The publisher was unlikely for a former first lady — not one of the major New York houses, but Skyhorse, where authors include such controversial public figures as Woody Allen and Trump cabinet nominee Robert F. Kennedy Jr. And its success was at least a minor surprise. Melania Trump did little publicity for the book, and offered few revelations beyond posting a video expressing support for abortion rights — a break from one of the cornerstones of GOP policy. But “Melania” still sold hundreds of thousands of copies, many in the days following her husband’s election. Taylor Swift was more than a music story in 2024. Like “Melania,” the news about Taylor Swift’s self-published tie-in to her global tour isn’t so much the book itself, but that it exists. And how well it sold. As she did with the “Eras” concert film, Swift bypassed the established industry and worked directly with a distributor: Target offered “The Eras Tour Book” exclusively. According to Circana, the “Eras” book sold more than 800,000 copies just in its opening week, an astonishing number for a publication unavailable through Amazon.com and other traditional retailers. No new book in 2024 had a better debut. Midnight book parties are supposed to be for “Harry Potter” and other fantasy series, but this fall, more than 100 stores stayed open late to welcome one of the year’s literary events: Sally Rooney’s “Intermezzo.” The Irish author’s fourth novel centers on two brothers, their grief over the death of their father, their very different career paths and their very unsettled love lives. “Intermezzo” was also a book about chess: “You have to read a lot of opening theory — that’s the beginning of a game, the first moves,” one of the brothers explains. “And you’re learning all this for what? Just to get an okay position in the middle game and try to play some decent chess. Which most of the time I can’t do anyway.” Lisa Marie Presley had been working on a memoir at the time of her death , in 2023, and daughter Riley Keough had agreed to help her complete it. “From Here to the Great Unknown” is Lisa Marie’s account of her father, Elvis Presley, and the sagas of of her adult life, notably her marriage to Michael Jackson and the death of son Benjamin Keough. To the end, she was haunted by the loss of Elvis, just 42 when he collapsed and died at his Graceland home while young Lisa Marie was asleep. “She would listen to his music alone, if she was drunk, and cry,” Keough, during an interview with Winfrey, said of her mother. Meanwhile, Cher released the first of two planned memoirs titled “Cher” — no further introduction required. Covering her life from birth to the end of the 1970s, she focuses on her ill-fated marriage to Sonny Bono, remembering him as a gifted entertainer and businessman who helped her believe in herself while turning out to be unfaithful, erratic, controlling and so greedy that he kept all the couple’s earnings for himself. Unsure of whether to leave or stay, she consulted a very famous divorcee, Lucille Ball, who reportedly encouraged her: “F— him, you’re the one with the talent.” A trend in recent years is to take famous novels from the past, and remove words or passages that might offend modern readers; an edition of “The Adventures of Huckleberry Finn” cuts the racist language from Mark Twain’s original text. In the most celebrated literary work of 2024, Percival Everett found a different way to take on Twain’s classic — write it from the perspective of the enslaved Jim. “James,” winner of the National Book Award, is a recasting in many ways. Everett suggests to us that the real Jim was nothing like the deferential figure known to millions of readers, but a savvy and learned man who concealed his intelligence from the whites around him, and even from Twain himself. Salman Rushdie’s first National Book Award nomination was for a memoir he wished he had no reason to write. In “Knife,” he recounts in full detail the horrifying attempt on his life in 2022, when an attendee rushed the stage during a literary event in western New York and stabbed him repeatedly, leaving with him a blinded eye and lasting nerve damage, but with a spirit surprisingly intact. “If you had told me that this was going to happen and how would I deal with it, I would not have been very optimistic about my chances,” he told The Associated Press last spring. “I’m still myself, you know, and I don’t feel other than myself. But there’s a little iron in the soul, I think.”JERUSALEM/DAMASCUS —Israel aims to impose a "sterile defense zone" in southern Syria that would be enforced without a permanent troop presence, Defence Minister Israel Katz said on Tuesday, as the military said a wave of air strikes had destroyed the bulk of Syria's strategic weapons stockpiles. Over the past 48 hours, following the collapse of the government of President Bashar al-Assad, the military said jets had conducted more than 350 strikes on targets including anti-aircraft batteries, military airfields, weapons production sites, combat aircraft and missiles. In addition, missile vessels struck the Syrian naval facilities of Al-Bayda port and Latakia port, where 15 Syrian naval vessels were docked. Israeli officials said the strikes across Syria were aimed at destroying strategic weapons and military infrastructure to prevent them being used by rebel groups that drove Assad from power, some of which grew from movements linked to al Qaeda and Islamic State. "We have no intention of interfering in Syria's internal affairs, but we clearly intend to do what is necessary to ensure our security," Prime Minister Benjamin Netanyahu said. "I authorized the air force to bomb strategic military capabilities left by the Syrian army, so that they would not fall into the hands of the jihadists." Following Assad's flight on Sunday, Israeli troops moved into the demilitarised zone inside Syria created after the 1973 Arab-Israeli war, including the Syrian side of the strategic Mount Hermon that overlooks Damascus, where it took over an abandoned Syrian military post. A military spokesperson said Israeli troops remained in the buffer zone as well as "a few additional points" in the vicinity. But he denied that forces had penetrated Syrian territory significantly beyond the area, after a Syrian source said they had reached the town of Qatana, several km (miles) to the east of the zone and just a short drive from Damascus airport. "IDF forces are not advancing towards Damascus. This is not something we are doing or pursuing in any way," Lieutenant Colonel Nadav Shoshani, the military spokesperson, told a briefing with reporters. 'TEMPORARY, LIMITED MEASURE' Israel, which has just agreed to a ceasefire in Lebanon following weeks of fighting the Iranian-backed Hezbollah movement, calls the incursion into Syrian territory a limited and temporary measure to ensure border security. But the scale of the Israeli strikes echoed a similar wave of attacks in southern Lebanon in September that destroyed a significant quantity of Hezbollah's missile stocks. According to the Israeli military the strikes hit most of the strategic weapons stockpiles in Syria as well as production sites in the cities of Damascus, Homs, Tartus, Latakia and Palmyra. Scud and cruise missiles as well as sea-to-sea missiles, drones, launchers and firing positions were destroyed, it said in a statement. Strikes against military airfields and bases also destroyed Syrian military attack helicopters, fighter jets and tanks. Israel welcomed the fall of Assad, an ally of its main enemy Iran, but has reacted cautiously to the leading rebel faction, Hayat Tahrir al-Sham. HTS has roots in Islamist movements including al Qaeda and Islamic State though it has sought for years to moderate its image. Katz gave no details of the "sterile defence zone" Israel aims to impose in southern Syria but the extent of the operation underlined the power of its air force. "We want relations with the new regime in Syria," Netanyahu said but added that if Iranian weapons were transferred through Syria to Hezbollah or if Israel were attacked "we will respond forcefully and we will exact a heavy price." —Reuters
Diana Shipping DSX is preparing to release its quarterly earnings on Monday, 2024-11-25. Here's a brief overview of what investors should keep in mind before the announcement. Analysts expect Diana Shipping to report an earnings per share (EPS) of $0.09. The announcement from Diana Shipping is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter. It's worth noting for new investors that guidance can be a key determinant of stock price movements. Earnings History Snapshot During the last quarter, the company reported an EPS missed by $0.14, leading to a 0.79% drop in the share price on the subsequent day. Here's a look at Diana Shipping's past performance and the resulting price change: Quarter Q2 2024 Q1 2024 Q4 2023 Q3 2023 EPS Estimate 0.10 0.03 0.04 0.07 EPS Actual -0.04 0.01 0.06 0.06 Price Change % -1.0% -1.0% 1.0% 3.0% Stock Performance Shares of Diana Shipping were trading at $2.1 as of November 21. Over the last 52-week period, shares are down 35.5%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release. To track all earnings releases for Diana Shipping visit their earnings calendar on our site. 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.
When “Justice for All”, a dirge-like version of the national anthem sung by defendants jailed over their alleged roles in the January 6, 2021 insurrection, was played last month at Mar-a-Lago in Florida, guests stood with hand on heart. , the billionaire founder of Facebook. Although it is not clear if Zuckerberg knew of how this tinny version version of The Star-Spangled Banner was recorded over a prison phone line, his mere presence at Donald Trump’s “winter White House” said it all. Facebook had banned Trump after the shocking events of January 6. Now Zuckerberg had come to kiss the ring. He is far from alone in what has been dubbed “ ” following Trump’s re-election. Tech chief executives, media organisations and foreign leaders are seeking the president-elect’s favor through donations, self-censorship and appeasement. Analysts say the surrender is driven by a combination of greed, fear of Trump’s unfettered power and a belief that resistance is futile. “Part of the shock of the Trump win is how quickly and how many people in various areas, from the media to politicians, are acquiescing in advance,” said , a former Republican communications director on Capitol Hill. “People are resigning themselves to self-preservation over the good of maintaining a free and fair democracy and resisting Trump It is an astonishing turnaround. When Trump was impeached in the wake of the January 6 riot nearly four years ago, he appeared to be a political pariah. Dozens of major corporations publicly pledged to to 147 Republican members of Congress who had voted to overturn the 2020 presidential election. Earlier this year Trump became the first former US president and had three more cases looming over him. Over the years he has has been caught on tape bragging about grabbing women by their private parts, accused of sexual assault by more than two dozen women and found liable by a jury for sexually abusing the columnist E Jean Carroll. He’s entering office is the most powerful president in American history And yet his victory over Kamala Harris in the 5 November election has seemingly expunged his record in the eyes of the rich and powerful. He returns to the White House with the momentum of victory in the national popular vote, a supreme court ruling that implies presidents are above the law and diehard loyalists in the White House and Congress. , a political strategist and former campaign operative for George W Bush and John McCain, said: “He’s entering office is the most powerful president in American history. He is an American Caesar, unrestrained. Trump has made a threat and said, I’m coming after people, and he’s appointed people that will do what he wants without him having to tell them to do it.” Many of those who once condemned him are to an incoming president who offers both a carrot – tax cuts, deregulation, business friendly appointees – and a stick. at Mar-a-Lago: “In the first term, everyone was fighting me. In this term, everybody wants to be my friend. I don’t know, my personality changed or something.” The New York Stock Exchange welcomed Trump to ring its opening bell. Time magazine and the Financial Times newspaper anointed Trump their “person of the year”. Bret Stephens, a longtime Trump foe, in the New York Times that Never Trumpers had “overstated our case and, in doing so, defeated our purpose”. A parade of chief executives have travelled to Mar-a-Lago to bend the knee to Trump. Along with Meta chief executive Zuckerberg, Apple’s Tim Cook, Google’s Sundar Pichai and Sergey Brin and Amazon founder Jeff Bezos made the pilgrimage. Meta, Amazon, and Open AI chief Sam Altman are all reportedly donating $1m to the fund for the inauguration on 20 January. Bezos, a onetime critic of Trump’s rhetoric, now says he is “optimistic” about Trump’s second term while also endorsing his plans to cut regulations. As owner of the Washington Post newspaper, Bezos killed an endorsement of Harris during the presidential election. The Post is struggling to find a amid fears it will no longer live up to the “Democracy dies in darkness” slogan it championed during Trump’s first term. Other profit-focused media owners have been trying to build bridges with a president-elect who repeatedly dubbed them the “enemy of the people”. The Disney-owned ABC News toward Trump’s presidential library to settle a seemingly flimsy defamation lawsuit over anchor George Stephanopoulos’s inaccurate on-air assertion that Trump had been found civilly liable for raping writer E Jean Carroll. The owner of the Los Angeles Times, Patrick Soon-Shiong, has reportedly , demanding opposing viewpoints be presented alongside negative coverage. Comcast’s plan to spin off MSNBC and other cable TV channels into a separate company has raised further concerns about the liberal network, whose ratings are tanking. The way some in the mainstream media have already decided that acquiescence is their way of self-preservation not only is naive but dangerous The hosts of MSNBC’s Morning Joe show, Joe Scarborough and Mika Brzezinski, despite previously eviscerating his fascist rhetoric. Scarborough defended the meeting, arguing that any journalist would take an opportunity to meet the president-elect but he and Brzezinski were being penalised for being “transparent” about it. Critics, however, were not persuaded. Schmidt said: “If you go down there and you make an expression, ‘I did this for you’, will you come out of the meeting and either confirm that he is Hitler or we were off on that and we don’t have to worry? It seems like the purpose of the meeting was to make some type of deal with Hitler. This week Trump sued a pollster and a newspaper over survey results published days before the US election showing him behind in Iowa – a state he ultimately won by a landslide. He has also filed a $10bn lawsuit against CBS over a 60 Minutes interview with Harris. There are concerns that his demonstrated willingness to punish his critics could have a chilling effect. Setmayer, who now runs the political action committee, commented: “The way some in the mainstream media have already decided that acquiescence is their way of self-preservation not only is naive but dangerous because without that we don’t have an informed citizenry. It’s supposed to be without fear or favor and media is acting out of fear. And by way of acting out of fear, they are giving Trump the favor that he wants.” Observers warn that acceptance of Trump’s behavior will erode democratic norms and emboldens him to pursue an authoritarian agenda and silence dissent. Some have drawn comparisons with illiberal democracy in Hungary with its combination of overt censorship, loyal state media and tamed private media. , a history professor at Yale University who begins his pamphlet “On Tyranny” with the “Do not obey in advance”, said: “One worries that in the US regime the censorship part is going to be taken over by people who are a million times richer than you suing you. The threat of being sued by a Trump or a Musk or whatever - a person who already controls the government and the economy - means every ‘little person’ has to be worried.” Pro-Trump networks such as and Newsmax, while not state controlled, will be “state proximate”, Snyder added. “But the thing which is closest is the private media which tries to come to some kind of agreement. Putting the moral part aside, if you’re coming to some kind of agreement, conceding in advance is maybe not the best negotiating strategy. Anyone expecting to find serious guardrails in Washington might be disappointed. Republicans in Congress have been largely pliant, with signs of easing opposition towards controversial cabinet picks such as Pete Hegseth, Trump’s nominee to lead the Pentagon, and Robert F Kennedy Jr, his vaccine-sceptic choice for health secretary. Some Democrats, too, have signaled a willingness to work with Elon Musk and Vivek Ramaswamy’s cost-cutting “department of government efficiency”. Asked how she would respond to Trump’s , the New York governor, Kathy Hochul, replied: “Someone breaks the law, I’ll be the first one to call up Ice [Immigration and Customs Enforcement] and say, ‘Get them out of here.’” Eric Adams, the Democratic mayor of New York, has also and not ruled out running as a Republican in future. Even Joe Biden has backed off from his previous warnings that Trump is a danger to democracy – apparently seeking the graceful transition that his predecessor denied him. Meanwhile, since the election, a parade of world leaders have made their way to Mar-a-Lago. They range from rightwing ally Orbán to Canada’s Justin Trudeau, facing Trump’s threats of huge new tariffs which have plunged his own domestic politics . Longtime opponents of Trump are worried about what the mass capitulation portends. , director of the advocacy organisation Defending Democracy Together, said: One reason a lot of us were so hostile to Trump is we thought he would do this kind of thing. He’s not a theoretical authoritarian or ideological dictator, though he has elements of that, but he’s like a cunning bully and mob boss and the system can only resist for so long. “The guardrails are good but they they need people to uphold them. This is true of the political guardrails – Congress, the political parties, the courts – but it’s also true of the broader societal guardrails: the private sector, the media, and there I would say I’m struck by the apparent speed of the capitulation.” For all Trump’s claims of an overwhelming majority, more than voted for Harris but some in “the resistance” appear to have lost the will to fight. Kristol warned: “It won’t have the kind of friendly corporate encouragement that it had in the first term. People will have to think more like dissidents and less like we’re the natural majority and Trump just happened to win a fluke election, which was the attitude in 2017. It will be challenging.”
SEBI Takes Strict Action In Front Running Case, Bars 9 Entities, Seizes Over Rs 21 CroreThe Dow Jones Industrial Average ( ^DJI 1.18% ) might be the best-known of the major stock market indexes, but experienced investors know that the S&P 500 ( ^GSPC 1.09% ) is the index that best reflects the overall market. As the name implies, the index holds 500 of the top U.S. large-cap stocks. In order to join it, a company must be based in the U.S., be profitable on a generally accepted accounting principles ( GAAP ) basis over its last four quarters, and have a "large-cap" market cap, generally meaning above $10 billion. S&P Global , which runs the index, also considers liquidity, share float, and the stock's contribution to sector balance in the index. The S&P 500's managers review the index every quarter and generally swap one or two stocks in and out based on these criteria, so we're likely to see some more changes and new entrants next year. Two stocks in particular looking ripe to join the vaunted index are AppLovin ( APP 6.98% ) and The Trade Desk ( TTD -0.97% ) . The market's AppLovin it AppLovin has somewhat quietly been one of the best-performing large-cap stocks of 2024, going parabolic following its third-quarter earnings report. Through Dec. 19, the stock is up 700% year to date as the mobile adtech company has posted skyrocketing growth this year. Revenue jumped 39% in the third quarter to $1.2 billion, and its margins have dramatically expanded thanks to its investments in AI, including its Axon engine, an AI-driven platform that optimizes ad placement, enhancing ROI for its customers. Net income in the quarter jumped 300% to $434 million, while adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) rose 72% to $72 million. Its software platform, built on Axon and its AppDiscovery marketing software, has become its primary growth driver, contributing more than two-thirds of its revenue in the quarter. AppLovin's other segment is Apps, which consists of more than 200 free-to-play mobile games, though growth in that segment was essentially flat in the third quarter. The emergence of AI and adtech is clearly what's driving the business. After its surge last year, AppLovin now has a market cap of $107 billion, which would rank it in the top 100 of S&P 500 companies by market cap. Even if the valuation falls, it seems hard to exclude it from the index based on recent trends. The Trade Desk has earned it Another adtech stock deserving of a spot in the S&P 500 is The Trade Desk. The Trade Desk has long been considered the leading independent demand-side platform (DSP) in adtech, as its tools help brands and ad agencies effectively manage and optimize their campaigns across an array of platforms, including Connected TV (CTV) and retail media. The Trade Desk has also established itself as a linchpin of the industry through products like Unified ID 2.0 (UID2), which gives brands a way of tracking users without using cookies, making it more amenable to internet privacy standards. Like AppLovin, The Trade Desk has also delivered solid growth of late. Revenue rose 27% in its third-quarter earnings report, while GAAP net income jumped 141% to $94 million. The business has long earned high marks for customer satisfaction, as it's reported customer retention of at least 95% every quarter for the last 10 years. Additionally, The Trade Desk continues to roll out new products like its Kokai AI platform and Ventura, a new streaming TV operating system, bringing it into direct competition with Roku . The Trade Desk has been profitable for several years now, and its market cap of $62.3 billion would put it well within the 200 most valuable companies in the S&P 500. Why joining the S&P 500 matters Gaining admission to the S&P 500 is about more than just recognition. When stocks are added to the broad-market index, the exchange-traded funds (ETFs) that track those indexes must buy them. ETFs like the Vanguard S&P 500 ETF now have total assets of more than $1 trillion, meaning an average of more than $2 billion is being invested in each stock in the index, though the fund leans heavily toward the most valuable stocks in the S&P 500, as the current market cap of the index is around $50 trillion. For that reason, stocks tend to jump when they are added to the S&P 500. S&P Global rebalances the index on a quarterly basis, so the next opportunity for these two stocks to gain admission will be in March. Based on this evidence, you shouldn't be surprised to see AppLovin and The Trade Desk join the S&P 500 at some point next year.MTN Ghana Partners with Access Bank to Offer Smartphones on Hire Purchase
The announcement caps a turbulent eight-day period in which Trump sought to capitalize on his decisive election win to force Senate Republicans to accept provocative selections like Gaetz, who had been investigated by the Justice Department before being tapped last week to lead it. The decision could heighten scrutiny on other controversial Trump nominees, including Pentagon pick Pete Hegseth , who faces sexual assault allegations that he denies. “While the momentum was strong, it is clear that my confirmation was unfairly becoming a distraction to the critical work of the Trump/Vance Transition,” Gaetz, a Florida Republican who one day earlier met with senators in an effort to win their support, said in a statement. “There is no time to waste on a needlessly protracted Washington scuffle, thus I’ll be withdrawing my name from consideration to serve as Attorney General. Trump’s DOJ must be in place and ready on Day 1," he added. Trump, in a social media post, said: “I greatly appreciate the recent efforts of Matt Gaetz in seeking approval to be Attorney General. He was doing very well but, at the same time, did not want to be a distraction for the Administration, for which he has much respect. Matt has a wonderful future, and I look forward to watching all of the great things he will do!” He did not immediately announce a new selection. Last week, he named personal lawyers Todd Blanche, Emil Bove and D. John Sauer to senior roles in the department. Another possible contender, Matthew Whitaker, was announced Wednesday as the U.S. ambassador to NATO. The withdrawal, just a week after the pick was announced, averts what was shaping up to be a pitched confirmation fight that would have tested how far Senate Republicans were willing to go to support Trump’s Cabinet picks. The selection of the fierce Trump ally over well-regarded veteran lawyers whose names had circulated as possible contenders stirred concern for the Justice Department's independence at a time when Trump has openly threatened to seek retribution against political adversaries. It underscored the premium Trump places on personal loyalty and reflected the president-elect's desire to have a disruptor lead a Justice Department that for years investigated and ultimately indicted him. In the Senate, deeply skeptical lawmakers sought more information about Justice Department and congressional investigations into sex trafficking allegations involving underage girls, which Gaetz has denied. Meanwhile, Justice Department lawyers were taken aback by the pick of a partisan lawmaker with limited legal experience who has echoed Trump's claims of a weaponized criminal justice system. As Gaetz sought to lock down Senate support, concern over the sex trafficking allegations showed no signs of abating. In recent days, an attorney for two women said his clients told House Ethics Committee investigators that Gaetz paid them for sex on multiple occasions beginning in 2017, when Gaetz was a Florida congressman. One of the women testified she saw Gaetz having sex with a 17-year-old at a party in Florida in 2017, according to the attorney, Joel Leppard. Leppard has said that his client testified she didn’t think Gaetz knew the girl was underage, stopped their relationship when he found out and did not resume it until after she turned 18. The age of consent in Florida is 18. "They’re grateful for the opportunity to move forward with their lives,” Leppard said Thursday of his clients. “They’re hoping that this brings final closure for all the parties involved.” Gaetz has vehemently denied any wrongdoing. The Justice Department’s investigation ended last year with no charges against him. Gaetz’s political future is uncertain. He had abruptly resigned his congressional seat upon being selected as attorney general, a move seen as a way to shut down the ethics investigation into sexual misconduct allegations. He did win reelection in November for the new Congress, which convenes Jan. 3, 2025, but he said in his resignation letter last week that he did not intend to take the oath of office. There are plans for a special election in Florida for his seat. Republicans on the House Ethics Committee declined this week to release the panel's findings, over objections from Democrats in a split vote. But the committee did agree to finish its work and is scheduled to meet again Dec. 5 to discuss the matter. As word of Gaetz's decision spread across the Capitol, Republican senators seemed divided. Oklahoma Sen. Markwayne Mullin, who served with Gaetz in the House, called it a “positive move." Maine Sen. Susan Collins said Gaetz “put country first and I am pleased with his decision.” Others said they had hoped Gaetz could have overhauled the department. Florida Sen. Rick Scott, a close ally of Trump, said he was “disappointed. I like Matt and I think he would have changed the way DOJ is run.” Kentucky Sen. Rand Paul said he hopes Trump will pick someone “equally as tenacious and equally as committed to rooting out and eliminating bias and politicization at the DOJ.” Gaetz is not the only Trump pick facing congressional scrutiny over past allegations. A detailed investigative police report made public Wednesday shows that a woman told police that she was sexually assaulted in 2017 by Hegseth, the former Fox News host now tapped to lead the Pentagon, after he took her phone, blocked the door to a California hotel room and refused to let her leave. “The matter was fully investigated and I was completely cleared,” Hegseth told reporters Thursday at the Capitol, where he was meeting with senators to build support for his nomination.
Abu Dhabi: Under the patronage of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, Supreme Commander of the Armed Forces, the Ministry of Defence, in strategic partnership with ADNEC Group, will be organising the International Defence Exhibition (IDEX) and the Naval Defence Exhibition (NAVDEX) 2025 on February 17-21. The globally renowned and highly anticipated events in the defence sector will also include the International Defence Conference. The IDEX and NAVDEX 2025 serve as significant global platforms, bringing together leading government officials, executives, and experts from the defence and security sectors worldwide. The two events provide a significant opportunity to network with investors, build new partnerships, and engage with industry leaders. The Ministry of Defence and ADNEC Group are committed to supporting the defence and security industries as a national priority, contributing to the development of a vital sector that strengthens and enhances the UAE's national economy. Staff Major General Pilot Faris Khalaf Al Mazrouei, Chairman of the Higher Organising Committee for IDEX and NAVDEX , and the accompanying International Defence Conference, stated: "Hosting and organising major exhibitions such as IDEX & NAVDEX has reinforced Abu Dhabi's position as a leading global destination for the defence and military industries. We are confident that these events will continue to achieve remarkable success, reflecting our commitment to building a more prosperous and secure future for the world by advancing a shared vision of maintaining global stability and security." Staff Major General Mubarak Saeed Ghafan Al Jabri, Deputy Chairman of the Higher Organising Committee for the exhibitions, stated: "The national defence and security industries sector enjoys unlimited support from the UAE leadership who seeks to enhance the capabilities of national defence industries as a vital field aligned with the UAE's aspirations for leadership and excellence." He added that organising IDEX & NAVDEX 2025 reflects the country's position as a leading global hub that brings together the largest specialised companies in this sector. "These exhibitions serve as a platform to strengthen cooperation and strategic partnerships with major global companies, contributing to attracting more investments that form a key pillar in supporting the national economy, achieving sustainable development, and building competitive industrial capabilities in accordance with the highest international standards." Humaid Matar Al Dhaheri, the Managing Director & Group CEO of ADNEC Group, said: "We anticipate that the upcoming editions of IDEX and NAVDEX will be the largest and most significant in the history of the two events. They will contribute to promoting innovation, building new business partnerships, and shaping a vision for a more secure and stable future, thanks to the distinguished global presence of defence and security sector leaders." "ADNEC Group is committed to organising the largest and most successful editions of the exhibitions to date. And we look forward to providing an exceptional, high-value experience for all international and local exhibitors, as well as visitors from around the world," he added. IDEX returns as a global platform to showcase the latest defence technologies and enhance cooperation between international defence entities, with the participation of leading figures in the defense and security sectors. NAVDEX continues its role as the largest maritime defence and security exhibition in the Middle East and North Africa, focusing on maritime security and advancing efforts toward a safer future. The event will take place on the waterfront at ADNEC Marina, hosting the latest technologies, equipment, and vessels related to coastal and maritime security. The 16th edition of IDEX 2023 and the 7th edition of NAVDEX 2023 achieved significant success, attracting 132,507 participants at ADNEC Abu Dhabi. The exhibitions featured 41 international pavilions and included 1,353 exhibitors from 65 countries. Notable new initiatives included the IDEX NEXT_GEN a dedicated space that brought together over 100 startups from around the world, and the IDEX Think_Tank which organised a series of sessions under the supervision of private partners and resulted in the publication of impactful strategic reports.BOULDER, Colo. — A 72-year-old lifelong Colorado fan with end-stage kidney failure waited to the side of the field in his wheelchair for Travis Hunter and the rest of the Buffaloes. One by one, players strolled over and signed a football for Riley Rhoades, his face lighting up with each signature. Standing close by and taking in the scene was Jeremy Bloom. He's become a wish facilitator for older adults. Bloom, the former Colorado wide receiver and Olympic freestyle skier, started the Wish of a Lifetime foundation in 2008, which has made thousands of aspirations turn into reality for older adults. The list of granted wishes range from taking veterans back to the beaches of Normandy to helping late-in-life authors publish a book. He's staged concerts for musicians, assisted some in daredevil feats such as jumping out of an airplane and even lined up a meeting between an Olympic medalist and former President Barack Obama. For Rhoades, his wish was simply to return to Folsom Field again, the place where he used to have season tickets but hasn't attended a game since 2004. "Everybody has somebody in their life —a grandparent, friend, neighbor — at that age where you wish you had more resources to help," said Bloom, whose college career was cut short two decades ago when the NCAA denied his reinstatement to play football and still ski professionally after receiving endorsement money to fuel his Olympic dreams. "Nothing can compare to seeing someone else's eyes light up because you helped make their dream come true." The foundation is a tribute to his grandparents. But the concept began to take root when he was a teenager. He was in Japan for a World Cup freestyle skiing competition when a woman tried to hop on a crowded bus. There was no room, but everyone in front rose from their seats to make space. That stuck with him, along with seeing these acts of kindness for older adults all over Europe and Asia as he traveled. An idea formed — bring that same level of appreciation to the United States, with a wish-granting element. Bloom's organization has been a charitable affiliate of AARP since 2020. It was the yearning of Rhoades that brought the two of them to Folsom Field last weekend. Rhoades, who had season tickets at Colorado for 27 years, wanted to see the Buffaloes in person after watching the team's resurgence on television. A few years ago, Rhoades, who was born with spina bifida, was diagnosed with end-stage renal failure. Being among the 54,646 fans Saturday stirred up plenty of emotions for Rhoades, as he watched the 16th-ranked Buffaloes (8-2, 6-1 Big 12, No. 16 CFP) beat Utah. Colorado remains in the race for not only a conference title but a spot in the College Football Playoff. "It's just great to be back here again," Rhoades said as he pointed out the section where he used to watch games. "It's just ... so cool." For Bloom, the success that coach Deion Sanders has brought to the program means more reunions with teammates as they pass through town. "I've been through many years where nobody comes to visit," Bloom said. "It's fun that Boulder has become the epicenter of college football." Leading the way for Colorado this season have been quarterback Shedeur Sanders and two-way star Hunter, who's the Heisman Trophy frontrunner. But what particularly pleases Bloom is that Sanders, Hunter and the rest of college football players are able to finally profit through name, image and likeness. In his day, Bloom got caught in the NCAA crosshairs for wanting to play both sports and to have sponsors in one (skiing) so he could fund his Olympic aspirations. How time have changed. "I'm just really grateful that this generation of athletes gets to monetize their skills and ability," said Bloom, who finished sixth in moguls at the 2006 Winter Games in Italy. "It's the right thing." He's thrown his passion into fulfilling wishes such as learning ballet, riding in a Formula 1 pace car or taking a flight in a fighter jet. He's also helped reconnect families and friends, including a reunion for a trio of centenarian sisters who hadn't seen each other in more than a decade. This granted wish has stuck with Bloom: A person in Alabama wasn't able to travel after being diagnosed with end-of-life emphysema. So he asked for postcards to be sent, just to learn what made someone's town so special. He received 2,000 postcards from 26 different countries. "There's no end to the things that they've done for us in the world," Bloom said of older adults. "We're one of the organizations that reminds them that their dreams still do matter and that we still appreciate them and we cherish them." Get local news delivered to your inbox!
Fiscal Third Quarter Total Revenues of $2.160 Billion , Up 15.8% Year Over Year Subscription Revenues of $1.959 Billion , Up 15.8% Year Over Year PLEASANTON, Calif. , Nov. 26, 2024 /PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY ), a leading provider of solutions to help organizations manage their people and money , today announced results for the fiscal 2025 third quarter ended October 31, 2024. Fiscal 2025 Third Quarter Results Total revenues were $2.160 billion , an increase of 15.8% from the third quarter of fiscal 2024. Subscription revenues were $1.959 billion , an increase of 15.8% from the same period last year. Operating income was $165 million , or 7.6% of revenues, compared to an operating income of $88 million , or 4.7% of revenues, in the same period last year. Non-GAAP operating income for the third quarter was $569 million , or 26.3% of revenues, compared to a non-GAAP operating income of $462 million , or 24.8% of revenues, in the same period last year. 1 Diluted net income per share was $0.72 , compared to diluted net income per share of $0.43 in the third quarter of fiscal 2024. Non-GAAP diluted net income per share was $1.89 , compared to non-GAAP diluted net income per share of $1.56 in the same period last year. 1 12-month subscription revenue backlog was $6.98 billion , up 15.3% from the same period last year. Total subscription revenue backlog was $22.19 billion , increasing 20.3% year-over-year. Operating cash flows were $406 million compared to $451 million in the prior year. Free cash flows were $359 million compared to $391 million in the prior year. 1 Workday repurchased approximately 0.6 million shares of Class A common stock for $157 million as part of its share repurchase programs. Cash, cash equivalents, and marketable securities were $7.16 billion as of October 31, 2024 . Comments on the News "Workday's solid performance in Q3 reflects the trust our customers place in us across industries, the global momentum around our AI-driven innovations, and the strength of our partner ecosystem," said Carl Eschenbach , CEO, Workday. "Organizations are increasingly consolidating on the Workday platform to reduce total cost of ownership, simplify their operations, and to unlock the power of our best-in-class AI solutions. Workday gives them the ultimate advantage – and that positions our business for long-term success." "In Q3, we once again made good progress across a number of our key growth areas," said Zane Rowe , CFO, Workday. "Looking ahead, we expect fiscal 2025 subscription revenue of $7.703 billion , growth of 17%, and fiscal 2025 non-GAAP operating margin of 25.5%. We are focused on executing in our seasonally strongest quarter, as we lay the foundation for durable, profitable growth at scale." Recent Highlights Workday unveiled Workday Illuminate , the next generation of Workday AI, at its annual customer conference, Workday Rising. Workday introduced a set of new AI agents and a new Workday Assistant to streamline and simplify common HR and finance processes. Workday added several full suite customers for Workday Financial Management and Workday Human Capital Management (HCM) , including CommonSpirit Health, Fitness and Lifestyle Group in Australia , New Jersey Institute of Technology , and The Department for Science, Innovation and Technology in the UK. Workday appointed Rob Enslin president, chief commercial officer. Workday announced updates to its partner ecosystem, including 12 new Industry Accelerator s ; Workday Wellness ; AI momentum with Workday Ventures ; and a partnership with Compa . Workday closed the acquisition of leading AI-native document intelligence platform, Evisort. Workday was named a Leader in the 2024 Gartner ® Magic QuadrantsTM for Cloud HCM Suites for 1,000+ Employee Enterprises 1 , Cloud ERP for Service-Centric Enterprises 2 , and Financial Planning Software 3 . Financial Outlook Workday is providing guidance for the fiscal 2025 fourth quarter ending January 31, 2025 as follows: Subscription revenue of $2.025 billion , representing growth of 15% Non-GAAP operating margin of 25.0% 1 Workday is updating its guidance for the fiscal 2025 full year ending January 31, 2025 as follows: Subscription revenue of $7.703 billion , representing growth of 17% Non-GAAP operating margin of 25.5% 1 Earnings Call Details Workday plans to host a conference call today to review its fiscal 2025 third quarter financial results and to discuss its financial outlook. The call is scheduled to begin at 1:30 p.m. PT / 4:30 p.m. ET and can be accessed via webcast . The webcast will be available live, and a replay will be available following completion of the live broadcast for approximately 90 days. Workday uses the Workday Blog as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. About Workday Workday is a leading enterprise platform that helps organizations manage their most important assets – their people and money . The Workday platform is built with AI at the core to help customers elevate people, supercharge work, and move their business forever forward. Workday is used by more than 10,500 organizations around the world and across industries – from medium-sized businesses to more than 60% of the Fortune 500. For more information about Workday, visit workday.com . © 2024 Workday, Inc. All rights reserved. Evisort, Workday, and the Workday logo are registered trademarks of Workday, Inc. All other brand and product names are trademarks or registered trademarks of their respective holders. Forward-Looking Statements This press release contains forward-looking statements including, among other things, statements regarding Workday's fourth quarter and full-year fiscal 2025 subscription revenue and non-GAAP operating margin, growth, momentum, and innovation. These forward-looking statements are based only on currently available information and our current beliefs, expectations, and assumptions. Because forward-looking statements relate to the future, they are subject to risks, uncertainties, assumptions, and changes in circumstances that are difficult to predict and many of which are outside of our control. If the risks materialize, assumptions prove incorrect, or we experience unexpected changes in circumstances, actual results could differ materially from the results implied by these forward-looking statements, and therefore you should not rely on any forward-looking statements. Risks include, but are not limited to: (i) breaches in our security measures or those of our third-party providers, unauthorized access to our customers' or other users' personal data, or disruptions in our data center or computing infrastructure operations; (ii) service outages, delays in the deployment of our applications, and the failure of our applications to perform properly; (iii) privacy concerns and evolving domestic or foreign laws and regulations; (iv) the impact of continuing global economic and geopolitical volatility on our business, as well as on our customers, prospects, partners, and service providers; (v) any loss of key employees or the inability to attract, train, and retain highly skilled employees; (vi) competitive factors, including pricing pressures, industry consolidation, entry of new competitors and new applications, advancements in technology, and marketing initiatives by our competitors; (vii) our reliance on our network of partners to drive additional growth of our revenues; (viii) the regulatory, economic, and political risks associated with our domestic and international operations; (ix) adoption of our applications and services by customers and individuals, including any new features, enhancements, and modifications, as well as our customers' and users' satisfaction with the deployment, training, and support services they receive; (x) the regulatory risks related to new and evolving technologies such as AI and our ability to realize a return on our development efforts; (xi) our ability to realize the expected business or financial benefits of any acquisitions of or investments in companies; (xii) delays or reductions in information technology spending; and (xiii) changes in sales, which may not be immediately reflected in our results due to our subscription model. Further information on these and additional risks that could affect Workday's results is included in our filings with the Securities and Exchange Commission ("SEC"), including our most recent report on Form 10-Q or Form 10-K and other reports that we have filed and will file with the SEC from time to time, which could cause actual results to vary from expectations. Workday assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release, except as required by law. Any unreleased services, features, or functions referenced in this document, our website, or other press releases or public statements that are not currently available are subject to change at Workday's discretion and may not be delivered as planned or at all. Customers who purchase Workday services should make their purchase decisions based upon services, features, and functions that are currently available. Workday, Inc. Reconciliations of GAAP to Non-GAAP Data Reconciliations of our GAAP to non-GAAP operating results are included in the following table (in millions, except percentages and per share data). See the section titled "About Non-GAAP Financial Measures" below for further details. Reconciliation of our GAAP cash flows from operating activities to non-GAAP free cash flow is as follows (in millions). See the section titled "About Non-GAAP Financial Measures" below for further details. About Non-GAAP Financial Measures Change in Non-GAAP Financial Measures Effective beginning fiscal 2025, Workday will exclude certain acquisition-related costs, realignment costs, and gains and losses on strategic investments from its non-GAAP results as these items may vary from period to period independent of the operating performance of Workday's business. Prior period amounts have been recast for gains and losses on strategic investments to conform to this presentation. There was no impact to prior period amounts presented in this release for acquisition-related costs or realignment costs since no qualifying costs were incurred in the first three quarters of fiscal 2024. Non-GAAP Financial Measures To provide investors and others with additional information regarding Workday's results, we have disclosed the following non-GAAP financial measures: non-GAAP operating income (loss), non-GAAP operating margin, non-GAAP diluted net income (loss) per share, and free cash flows. Workday has provided a reconciliation of each non-GAAP financial measure used in this earnings release to the most directly comparable GAAP financial measure. Non-GAAP operating income (loss) and non-GAAP operating margin differ from GAAP in that they exclude share-based compensation expenses, employer payroll tax-related items on employee stock transactions, amortization expense for acquisition-related intangible assets, acquisition-related costs, and realignment costs. Non-GAAP diluted net income (loss) per share differs from GAAP in that it excludes share-based compensation expenses, employer payroll tax-related items on employee stock transactions, amortization expense for acquisition-related intangible assets, acquisition-related costs, realignment costs, gains and losses on strategic investments, and income tax effects. Free cash flows differ from GAAP cash flows from operating activities in that it treats capital expenditures as a reduction to cash flows. Workday's management uses these non-GAAP financial measures to understand and compare operating results across accounting periods, for internal budgeting and forecasting purposes, for short- and long-term operating plans, and to evaluate Workday's financial performance. Management believes these non-GAAP financial measures reflect Workday's ongoing business in a manner that allows for meaningful period-to-period comparisons and analysis of trends in Workday's business. Management also believes that these non-GAAP financial measures provide useful information to investors and others in understanding and evaluating Workday's operating results and prospects in the same manner as management and in comparing financial results across accounting periods and to those of peer companies. Management believes excluding the following items from the GAAP Condensed Consolidated Statements of Operations is useful to investors and others in assessing Workday's operating performance due to the following factors: Share-based compensation expenses. Share-based compensation primarily consists of non-cash expenses for employee restricted stock units and our employee stock purchase plan, and includes share-based compensation associated with acquisitions. Although share-based compensation is an important aspect of the compensation of our employees and executives, this expense is determined using a number of factors, including our stock price, volatility, and forfeiture rates, that are beyond our control and generally unrelated to operational decisions and performance in any particular period. Further, share-based compensation expenses are not reflective of the value ultimately received by the grant recipients. Employer payroll tax-related items on employee stock transactions . We exclude the employer payroll tax-related items on employee stock transactions in order to show the full effect that excluding share-based compensation expenses has on our operating results. Similar to share-based compensation expenses, this tax expense is dependent on our stock price and other factors that are beyond our control and do not correlate to the operation of our business. Amortization of acquisition-related intangible assets . For business combinations, we generally allocate a portion of the purchase price to intangible assets. The amount of the allocation is based on estimates and assumptions made by management and is subject to amortization. The amount of purchase price allocated to intangible assets and the term of the related amortization can vary significantly and are unique to each acquisition and thus we do not believe this activity is reflective of our ongoing operations. Although we exclude the amortization of acquisition-related intangible assets from these non-GAAP financial measures, we believe that it is important for investors to understand that such intangible assets were recorded as part of purchase accounting and contribute to revenue generation. Acquisition-related costs. Acquisition-related costs include direct transaction costs, such as due diligence and advisory fees, and certain compensation and integration-related expenses. We exclude the effects of acquisition-related costs as we believe these transaction-specific expenses are inconsistent in amount and frequency and do not correlate to the operation of our business. Realignment costs. Realignment costs are associated with a formal restructuring plan and are primarily related to employee severance, the closure of facilities, and cancellation of certain contracts. We exclude these expenses because they are not reflective of ongoing business and operating results. Gains and losses on strategic investments. Our strategic investments include investments in early stage companies that are valuable to Workday customers and complementary to Workday products. Gains and losses on strategic investments may result from observable price adjustments and impairment charges on non-marketable equity securities, ongoing mark-to-market adjustments on marketable equity securities, and the sale of equity investments. We do not rely on these securities to fund our ongoing operations nor do we actively trade publicly held securities, and therefore we do not consider the gains and losses on these strategic investments to be reflective of our ongoing operations. Income tax effects. We utilize a fixed long-term projected tax rate in our computation of the non-GAAP income tax provision to provide better consistency across the reporting periods. In projecting this long-term non-GAAP tax rate, we utilize a three-year financial projection that excludes the direct impact of the items excluded from GAAP income in calculating our non-GAAP income. The projected rate considers other factors such as our current operating structure, existing tax positions in various jurisdictions, and key legislation in major jurisdictions where we operate. For fiscal 2025 and 2024, we determined the projected non-GAAP tax rate to be 19%, which reflects currently available information, as well as other factors and assumptions. We will periodically re-evaluate this tax rate, as necessary, for significant events, relevant tax law changes, material changes in the forecasted geographic earnings mix, and any significant acquisitions. Additionally, with regards to free cash flows, Workday's management believes that reducing cash provided by (used in) operating activities by capital expenditures is meaningful to investors and others because it provides an enhanced view of cash flow generation from the ongoing operations of our business, and it balances operating results, cash management, and capital efficiency. The use of these non-GAAP measures have certain limitations as they do not reflect all items of expense or cash that affect Workday's operations. Workday compensates for these limitations by reconciling the non-GAAP financial measures to the most comparable GAAP financial measures. These non-GAAP financial measures should be considered in addition to, not as a substitute for or in isolation from, measures prepared in accordance with GAAP. Further, these non-GAAP measures may differ from the non-GAAP information used by other companies, including peer companies, and therefore comparability may be limited. Management encourages investors and others to review Workday's financial information in its entirety and not rely on a single financial measure. Gartner Disclaimer Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. The Gartner content described herein (the "Gartner Content") represents research opinion or viewpoints published, as part of a syndicated subscription service, by Gartner, Inc. ("Gartner"), and is not a representation of fact. Gartner Content speaks as of its original publication date (and not as of the date of this Earnings Press Release), and the opinions expressed in the Gartner Content are subject to change without notice. GARTNER is a registered trademark and service mark, and MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved. SOURCE Workday Inc.:Upbound Group said on Thursday it reached agreement on a $460 million cash-and-stock deal for Brigit, a financial technology company that has been backed by investors including the venture capital firms of actor Ashton Kutcher and basketball star Kevin Durant. The move, confirming a Reuters story from earlier on Thursday, will help Upbound expand its product offerings to credit-poor consumers and give it access to Brigit's data modeling and technology platform, allowing it to create more accurate customer financial profiles. Brigit provides financial services including cash advances and credit-profile building through its subscription-based digital app. It currently has nearly 2 million monthly active customers, according to a statement announcing the agreement. Under terms of the deal, Upbound is paying $325 million at a closing date forecast for the first quarter of 2025, of which 75 per cent is in cash and the rest in stock. There are further cash payments due over two years, some of which are dependent on Brigit achieving performance targets. Upbound Chief Executive Mitch Fadel told Reuters the Brigit acquisition would immediately contribute to its business because the app is already profitable, but also in the ways it can interact with its customers. With only 10 per cent overlap between the two companies' customer bases, he said, there was significant opportunity for cross-selling. "When you have more products, you can create more lifetime customers, especially when you are helping to build their credit and access a greater array of financial products," Fadel said. Plano, Texas-based Upbound, whose brands include Rent-A-Center and Acima, offers consumers with low credit scores help to buy products, including furniture, electronics, and other home goods, through so-called lease-to-own agreements. Brigit's founders, Zuben Mathews and Hamel Kothari, will continue to run Brigit as a segment within Upbound, and Brigit will retain its existing branding, the statement said. "By combining forces with Upbound, we can accelerate our impact and better serve the millions of Americans who have been historically underserved by traditional financial institutions," Mathews said.
Breaking News: Italy is Celebrating Ruffo Caselli's Robotics in Art
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Players must be assigned female at birth or have transitioned to female before going through male puberty to compete in LPGA tournaments or the eight USGA championships for females under new gender policies published Wednesday. The policies, which begin in 2025, follow more than a year of study involving medicine, science, sport physiology and gender policy law. The updated policies would rule out eligibility for Hailey Davidson, who missed qualifying for the U.S. Women's Open this year by one shot and came up short in LPGA Q-school. Davidson, who turned 32 on Tuesday, began hormone treatments when she was in her early 20s in 2015 and in 2021 underwent gender-affirming surgery, which was required under the LPGA's previous gender policy. She had won this year on a Florida mini-tour called NXXT Golf until the circuit announced in March that players had to be assigned female at birth. People are also reading... The real reason Corvallis' Pastega Lights moved to Linn County City officials admit Corvallis' flag is 'bad.' Will it change? OSU football: Three takeaways from Oregon State's loss at Boise State Prosecutor: Driver on laughing gas caused double fatal in Sweet Home UPDATED: GAPS teacher strike NOT off after talks over returning to the classroom break down OSU women's basketball: Marotte takes a more aggressive approach on offense Recently made-over park sees this change after Albany got an earful Corvallis chemical manufacturer eyes Albany for expansion Agreement reached (again), GAPS teachers get new contract OSU football: Boise State's pass rush is formidable Strike to end, GAPS reaches tentative deal with Albany teachers Philomath moves forward following July Nazi flag controversy A false start: GAPS strike continues after district, teachers announce deal Philomath's Lumos among 6 wineries suing Pacific Power over wildfires OSU women's basketball: Beavers earn home win over Grambling State “Can't say I didn't see this coming,” Davidson wrote Wednesday on an Instagram story. “Banned from the Epson and the LPGA. All the silence and people wanting to stay ‘neutral’ thanks for absolutely nothing. This happened because of all your silence.” LPGA commissioner Mollie Marcoux Samaan, who is resigning in January, said the new gender policy "is reflective of an extensive, science-based and inclusive approach." By making it to the second stage of Q-school, Davidson would have had very limited status on the Epson Tour, the pathway to the LPGA. The LPGA and USGA say their policies were geared toward being inclusive of gender identities and expression while striving for equity in competition. The LPGA said its working group of experts advised that the effects of male puberty allowed for competitive advantages in golf compared with players who had not gone through puberty. “Our policy is reflective of an extensive, science-based and inclusive approach,” said LPGA Commissioner Mollie Marcoux Samaan, who announced Monday that she is resigning in January. "The policy represents our continued commitment to ensuring that all feel welcome within our organization, while preserving the fairness and competitive equity of our elite competitions.” Mike Whan, the former LPGA commissioner and now CEO of the USGA, said it developed the updated policy independently and later discovered it was similar to those used by swimming, track and field, and other sports. United States Golf Association CEO Mike Whan said the new policy will prevent anyone from having "a competitive advantage based on their gender." “It starts with competitive fairness as the North star,” Whan said in a telephone interview. “We tried not to get into politics, or state by state or any of that stuff. We just simply said, ‘Where would somebody — at least medically today — where do we believe somebody would have a competitive advantage in the field?’ And we needed to draw a line. “We needed to be able to walk into any women's event and say with confidence that nobody here has a competitive advantage based on their gender. And this policy delivers that.” The “Competitive Fairness Gender Policy” for the USGA takes effect for the 2025 championship season that starts with the U.S. Women's Amateur Four-Ball on May 10-14. Qualifying began late this year, though there were no transgender players who took part. “Will that change in the years to come as medicine changes? Probably,” Whan said. “But I think today this stacks up.” The LPGA “Gender Policy for Competition Eligibility” would apply to the LPGA Tour, Epson Tour, Ladies European Tour and qualifying for the tours. Players assigned male at birth must prove they have not experienced any part of puberty beyond the first stage or after age 12, whichever comes first, and then meet limitation standards for testosterone levels. The LPGA begins its 75th season on Jan. 30 with the Tournament of Champions in Orlando, Florida. Sports Week in Photos: NBA Cup, NFL snow game and more Buffalo Bills quarterback Josh Allen, foreground right, dives toward the end zone to score past San Francisco 49ers defensive end Robert Beal Jr. (51) and linebacker Dee Winters during the second half of an NFL football game in Orchard Park, N.Y., Sunday, Dec. 1, 2024. (AP Photo/Adrian Kraus) Houston Rockets guard Jalen Green goes up for a dunk during the second half of an Emirates NBA cup basketball game against the Minnesota Timberwolves, Tuesday, Nov. 26, 2024, in Minneapolis. (AP Photo/Abbie Parr) South Carolina guard Maddy McDaniel (1) drives to the basket against UCLA forward Janiah Barker (0) and center Lauren Betts (51) during the first half of an NCAA college basketball game, Sunday, Nov. 24, 2024, in Los Angeles. (AP Photo/Eric Thayer) Mari Fukada of Japan falls as she competes in the women's Snowboard Big Air qualifying round during the FIS Snowboard & Freeski World Cup 2024 at the Shougang Park in Beijing, Saturday, Nov. 30, 2024. (AP Photo/Andy Wong) Olympiacos' Francisco Ortega, right, challenges for the ball with FCSB's David Miculescu during the Europa League league phase soccer match between FCSB and Olympiacos at the National Arena stadium, in Bucharest, Romania, Thursday, Nov. 28, 2024. (AP Photo/Andreea Alexandru) Seattle Kraken fans react after a goal by center Matty Beniers against the San Jose Sharks was disallowed due to goaltender interference during the third period of an NHL hockey game Saturday, Nov. 30, 2024, in Seattle. The Sharks won 4-2. (AP Photo/Lindsey Wasson) New York Islanders left wing Anders Lee (27), center, fight for the puck with Boston Bruins defensemen Parker Wotherspoon (29), left, and Brandon Carlo (25), right during the second period of an NHL hockey game, Wednesday, Nov. 27, 2024, in Elmont, N.Y. (AP Photo/Julia Demaree Nikhinson) Mathilde Gremaud of Switzerland competes in the women's Freeski Big Air qualifying round during the FIS Snowboard & Freeski World Cup 2024 at the Shougang Park in Beijing, Friday, Nov. 29, 2024. (AP Photo/Andy Wong) New York Islanders goaltender Ilya Sorokin cools off during first period of an NHL hockey game against the Boston Bruins, Wednesday, Nov. 27, 2024, in Elmont, N.Y. (AP Photo/Julia Demaree Nikhinson) Brazil's Amanda Gutierres, second right, is congratulated by teammate Yasmin, right, after scoring her team's first goal during a soccer international between Brazil and Australia in Brisbane, Australia, Thursday, Nov. 28, 2024. (AP Photo/Pat Hoelscher) Las Vegas Raiders tight end Brock Bowers (89) tries to leap over Kansas City Chiefs cornerback Joshua Williams (2) during the first half of an NFL football game in Kansas City, Mo., Friday, Nov. 29, 2024. (AP Photo/Ed Zurga) England's Alessia Russo, left, and United States' Naomi Girma challenge for the ball during the International friendly women soccer match between England and United States at Wembley stadium in London, Saturday, Nov. 30, 2024. (AP Photo/Kirsty Wigglesworth) Gold medalists Team Netherlands competes in the Team Sprint Women race of the ISU World Cup Speed Skating Beijing 2024 held at the National Speed Skating Oval in Beijing, Sunday, Dec. 1, 2024. (AP Photo/Ng Han Guan) Minnesota Vikings running back Aaron Jones (33) reaches for an incomplete pass ahead of Arizona Cardinals linebacker Mack Wilson Sr. (2) during the second half of an NFL football game Sunday, Dec. 1, 2024, in Minneapolis. (AP Photo/Abbie Parr) Melanie Meillard, center, of Switzerland, competes during the second run in a women's World Cup slalom skiing race, Sunday, Dec. 1, 2024, in Killington, Vt. (AP Photo/Robert F. Bukaty) LSU punter Peyton Todd (38) kneels in prayer before an NCAA college football game against Oklahoma in Baton Rouge, La., Saturday, Nov. 30, 2024. LSU won 37-17. (AP Photo/Gerald Herbert) South Africa's captain Temba Bavuma misses a catch during the fourth day of the first Test cricket match between South Africa and Sri Lanka, at Kingsmead stadium in Durban, South Africa, Saturday, Nov. 30, 2024. (AP Photo/Themba Hadebe) Philadelphia Eagles running back Saquon Barkley, left, is hit by Baltimore Ravens cornerback Marlon Humphrey, center, as Eagles wide receiver Parris Campbell (80) looks on during a touchdown run by Barkley in the second half of an NFL football game, Sunday, Dec. 1, 2024, in Baltimore. (AP Photo/Stephanie Scarbrough) Los Angeles Kings left wing Warren Foegele, left, trips San Jose Sharks center Macklin Celebrini, center, during the third period of an NHL hockey game Monday, Nov. 25, 2024, in San Jose, Calif. (AP Photo/Godofredo A. Vásquez) Brazil's Botafogo soccer fans react during the Copa Libertadores title match against Atletico Mineiro in Argentina, during a watch party at Nilton Santos Stadium, in Rio de Janeiro, Saturday, Nov. 30, 2024. (AP Photo/Bruna Prado) Jiyai Shin of Korea watches her shot on the 10th hole during the final round of the Australian Open golf championship at the Kingston Heath Golf Club in Melbourne, Australia, Sunday, Dec. 1, 2024. (AP Photo/Asanka Brendon Ratnayake) Lara Gut-Behrami, of Switzerland, competes during a women's World Cup giant slalom skiing race, Saturday, Nov. 30, 2024, in Killington, Vt. (AP Photo/Robert F. Bukaty) Luiz Henrique of Brazil's Botafogo, right. is fouled by goalkeeper Everson of Brazil's Atletico Mineiro inside the penalty area during a Copa Libertadores final soccer match at Monumental stadium in Buenos Aires, Argentina, Saturday, Nov. 30, 2024. (AP Photo/Natacha Pisarenko) Sent weekly directly to your inbox!