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NVIDIA Co. (NASDAQ:NVDA) Shares Bought by Sweeney & Michel LLCIt isn’t often a UK stock appears on a US company’s investment list. But as 2025 approaches, ( ) shares are top of one firm’s portfolio – and it’s not just any US company. It’s the Sequoia Fund. I don’t spend much time looking at what other investors are doing as a rule, but there are a few exceptions – and this is one of them. Buffett’s only recommendation In 1969, decided he couldn’t see attractive investment opportunities in the stock market. So he made his one-and-only recommendation for investors: the Sequoia Fund. At the time, this was run by Bill Ruane. Not to be confused with Sequoia Capital – a venture capital operation – the firm was focused on principles that align with Buffett’s own and remains that way today. These include thinking like the owner of a business and buying shares in companies to hold for the long term. And since the fund began, this strategy has outperformed the by more than 2% a year. Heading into 2025, Rolls-Royce shares are the company’s largest holding, accounting for around 10% of its overall portfolio. I think that’s something worth paying attention to. Growth sources Over the last couple of years, Rolls-Royce shares have primarily been driven by a recovery in the number of flying hours. But even with this stabilising, Sequoia sees longer-term opportunities ahead. In a letter from this year, the firm identified two major sources of growth for Rolls-Royce. The first is engine innovation in its civil aerospace division, which is around 50% of total revenues. The second is new contract wins in the defence segment. While the payoff for these is further in the future, Sequoia’s anticipating significant returns starting at the end of the decade. These are ongoing long-term sources of growth that explain why the fund hasn’t been selling its stake in Rolls-Royce. But it also hasn’t been adding to its investment. Valuation Sequoia’s investor letter from this year said the following: That’s clearly an attractive proposition, but the Rolls-Royce share price was £3.01 at the time the letter was released. It’s around £5.75, as I write this, which changes the equation a bit. Even if all of the anticipated cash is still to be returned, this now accounts for around 26% of the current . Over the next three years, that’s still a very good return, but it’s much less than it was. There are also clear risks. Anything that disrupts flying hours – such as a pandemic, an Icelandic ash cloud, or a recession – has a big impact on the firm’s profits and the rewards on offer need to justify this. I’m not buying Sequoia’s neither buying nor selling Rolls-Royce shares right now. And I’m not buying either. While I thought the stock was significantly undervalued at the start of this year, I’m not so sure going into 2025.HIGH POINT 81, PFEIFFER 50
AP News Summary at 11:51 a.m. EST
Gus Malzahn is resigning as Central Florida's head coach to become 's offensive coordinator, a person familiar with the hire told The Associated Press on Saturday. The person spoke on condition of anonymity because the Seminoles have not confirmed Malzahn's move, which is pending a state background check. ESPN first reported the decision. The Knights made official that Malzahn is leaving in a statement released a day after UCF (4-8) concluded its season with to Utah. “We would like to thank Coach Malzahn for his contributions to our football program over the past four seasons, including our transition into the Big 12 Conference," the school said. "We appreciate his professionalism and dedication to our student-athletes throughout his tenure at UCF and wish he and his wife, Kristi, the very best in their future endeavors.” Malzahn finished with a 28-24 mark in four years at UCF, the last two ending with losing records after joining the Big 12. He coached at Auburn for eight seasons in 2020. Malzahn replaces offensive coordinator/offensive line coach Alex Atkins, who was fired Nov. 10 following a 52-3 loss at Notre Dame. The Seminoles rank 131st out of 134 in total offense and scoring offense, averaging 15.8 points a game heading into Saturday night's rivalry game against Florida. The Seminoles (2-9) have dropped significantly since going 13-1 last season and winning the Atlantic Coast Conference championship. The Knights, meanwhile, struggled mightily in Malzahn's fourth season — most of it because of quarterback issues. Four players took snaps from center as the Knights finished 2-7 in conference play. It was the program's worst record since going 0-12 in former coach George O’Leary’s final season in 2015. Florida State coach Mike Norvell fired Atkins, defensive coordinator Adam Fuller and receivers coach Ron Dugans amid the Seminoles' season-long skid. ___ Get poll alerts and updates on the AP Top 25 throughout the season. Sign up . AP college football: and Mark Long, The Associated PressCBE's Governor Participates In AMF Meeting On Financial StabilityAdvisors Asset Management Inc. raised its holdings in shares of Crinetics Pharmaceuticals, Inc. ( NASDAQ:CRNX – Free Report ) by 56.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,806 shares of the company’s stock after buying an additional 1,008 shares during the period. Advisors Asset Management Inc.’s holdings in Crinetics Pharmaceuticals were worth $143,000 at the end of the most recent reporting period. A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Driehaus Capital Management LLC boosted its holdings in Crinetics Pharmaceuticals by 17.0% during the 2nd quarter. Driehaus Capital Management LLC now owns 6,112,173 shares of the company’s stock valued at $273,764,000 after acquiring an additional 885,876 shares during the period. Vanguard Group Inc. lifted its position in Crinetics Pharmaceuticals by 2.1% in the first quarter. Vanguard Group Inc. now owns 3,575,076 shares of the company’s stock valued at $167,349,000 after purchasing an additional 72,624 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Crinetics Pharmaceuticals by 0.5% during the third quarter. Jennison Associates LLC now owns 2,793,614 shares of the company’s stock valued at $142,754,000 after purchasing an additional 13,470 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Crinetics Pharmaceuticals by 0.6% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 546,234 shares of the company’s stock worth $24,466,000 after purchasing an additional 3,526 shares during the last quarter. Finally, Affinity Asset Advisors LLC grew its holdings in shares of Crinetics Pharmaceuticals by 9.6% in the second quarter. Affinity Asset Advisors LLC now owns 515,000 shares of the company’s stock worth $23,067,000 after purchasing an additional 45,000 shares during the last quarter. 98.51% of the stock is owned by institutional investors. Insider Transactions at Crinetics Pharmaceuticals In other news, COO Jeff E. Knight sold 501 shares of Crinetics Pharmaceuticals stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $56.52, for a total transaction of $28,316.52. Following the completion of the transaction, the chief operating officer now directly owns 51,653 shares in the company, valued at approximately $2,919,427.56. This trade represents a 0.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website . Also, CFO Marc Wilson sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $51.11, for a total value of $1,277,750.00. Following the completion of the sale, the chief financial officer now owns 111,092 shares in the company, valued at $5,677,912.12. The trade was a 18.37 % decrease in their position. The disclosure for this sale can be found here . Insiders have sold 40,911 shares of company stock valued at $2,144,675 in the last three months. 6.00% of the stock is currently owned by company insiders. Crinetics Pharmaceuticals Stock Performance Crinetics Pharmaceuticals ( NASDAQ:CRNX – Get Free Report ) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.96) earnings per share for the quarter, missing the consensus estimate of ($0.91) by ($0.05). During the same period in the prior year, the firm earned ($1.01) earnings per share. On average, equities analysts forecast that Crinetics Pharmaceuticals, Inc. will post -3.75 EPS for the current fiscal year. Wall Street Analysts Forecast Growth Several brokerages have weighed in on CRNX. Cantor Fitzgerald reissued an “overweight” rating and set a $90.00 price target on shares of Crinetics Pharmaceuticals in a research report on Monday, September 16th. JMP Securities reiterated a “market outperform” rating and set a $80.00 target price on shares of Crinetics Pharmaceuticals in a report on Friday, September 27th. Oppenheimer restated an “outperform” rating and set a $73.00 price target (down previously from $74.00) on shares of Crinetics Pharmaceuticals in a report on Friday, August 9th. Citigroup upped their price target on Crinetics Pharmaceuticals from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, HC Wainwright lifted their price objective on Crinetics Pharmaceuticals from $69.00 to $81.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $70.18. Get Our Latest Stock Report on CRNX Crinetics Pharmaceuticals Company Profile ( Free Report ) Crinetics Pharmaceuticals, Inc, a clinical-stage pharmaceutical company, focuses on the discovery, development, and commercialization of novel therapeutics for rare endocrine diseases and endocrine-related tumors. The company's lead product candidate is paltusotine, an oral selective nonpeptide somatostatin receptor type 2 agonist, which is in Phase 3 trial for the treatment of acromegaly; and Phase 2 trial for treating carcinoid syndrome associated with neuroendocrine tumors. Featured Stories Five stocks we like better than Crinetics Pharmaceuticals 3 Fintech Stocks With Good 2021 Prospects The Latest 13F Filings Are In: See Where Big Money Is Flowing Which Wall Street Analysts are the Most Accurate? 3 Penny Stocks Ready to Break Out in 2025 Airline Stocks – Top Airline Stocks to Buy Now FMC, Mosaic, Nutrien: Top Agricultural Stocks With Big Potential Receive News & Ratings for Crinetics Pharmaceuticals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crinetics Pharmaceuticals and related companies with MarketBeat.com's FREE daily email newsletter .
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Good things come to those who wait, and while EastEnders fans have got used to being able to watch each new episode early on iPlayer, this won't be the case on Christmas Day, Boxing Day, and New Year's Day in 2024. It has been confirmed that, as with last year , fans won't be able to watch the two new episodes on Christmas Day as they eat their breakfast and open their stockings, but will instead have to wait until they are on BBC One . The first of the two Christmas Day episodes will air at 7:30pm on the big day, while the second is scheduled for 10:35pm - meaning a nail-biting three-hour wait after what is sure to be a huge cliffhanger. Additionally, Boxing Day (Thursday 26th December 2024) will also not air early on BBC iPlayer and will be available in line with the terrestrial release at 8.30pm . On top of this, the much-anticipated New Year's Day (Wednesday 1st January 2025) episode will air at 10pm on BBC One and at the same time on BBC iPlayer. This means that fans will consume three major EastEnders episodes at the same time! As always, Christmas will be a dramatic day in Walford. While last year saw answers revealed following the game-changing flash-forward earlier in the year, this Yuletide's episodes will see Cindy's affair with the son of her former husband George (Colin Salmon), Junior Knight (Micah Balfour), being exposed. Collins previously opened up about filming the scenes in which the truth is revealed, saying: "Why do people always like playing the villains in panto? Because sometimes they’re a bit more fun! Read more: EastEnders' Lacey Turner wants Stacey and Martin "together forever" amid Christmas romance twist Mariah Carey gives brilliant impromptu EastEnders audition "As an actor playing Cindy, I go through a whirlwind of emotions, so you have to enjoy it a bit and have some fun in between. She is always a challenge." Meanwhile, Alfie star Shane Richie teased when speaking with RadioTimes.com : "A few things happened on Christmas, which I intentionally didn't read [the script] because I knew that Kat and Alfie were going to be involved, and I didn't really want to know what was going to happen in the Queen Vic on Christmas Day. Sign up to be the first to know about breaking stories and new series! By entering your details, you are agreeing to our terms and conditions and privacy policy . You can unsubscribe at any time. "But oh my God! I sat there watching this story unfolding in the Queen Vic that happens on Christmas Day, and as a fan of the show anyway, I was like, 'Oh my God, I can't believe this! Stop!'" He added: "I had to do a line and I kept messing it up because I was so taken in with the storyline that was happening. You're in for a lovely treat this Christmas Day." Read More EastEnders Christmas and New Year spoilers: Your day-by-day guide as Cindy Beale's secrets explode EastEnders' Heather Peace promises New Year chaos at Suki and Eve's wedding EastEnders airs Monday to Thursday at 7:30pm on BBC One and from 6am on BBC iPlayer. Visit our dedicated EastEnders page for all the latest news, interviews and spoilers. If you’re looking for more to watch, check out our TV Guide and Streaming Guide .WASHINGTON (AP) — President-elect Donald Trump has named billionaire investment banker Warren Stephens as his envoy to Britain, a prestigious posting for the Republican donor whose contributions this year included $2 million to a Trump-backing super PAC. Trump, in a post on his Truth Social site Monday evening, announced he was selecting Stephens to be the U.S. ambassador to the Court of Saint James. The Senate is required to confirm the choice. “Warren has always dreamed of serving the United States full time. I am thrilled that he will now have that opportunity as the top Diplomat, representing the U.S.A. to one of America’s most cherished and beloved Allies,” Trump said in in his post. Stephens is the chairman, president and CEO of Little Rock, Arkansas-based financial services firm Stephens Inc., having taken over the firm from his father. Trump has already named many of his nominees for his Cabinet and high-profile diplomatic posts, assembling a roster of staunch loyalists. Over the weekend, Trump announced he intends to nominate real estate developer Charles Kushner , father of Trump’s son-in-law Jared Kushner, to serve as ambassador to France. During his first term, Trump selected Robert “Woody” Johnson, a contributor to his campaign and the owner of the New York Jets football team, as his representative to the United Kingdom.
PORTLAND, Maine (AP) — Honey, they shrunk the catalogs. While retailers hope to go big this holiday season , customers may notice that the printed gift guides arriving in their mailboxes are smaller. Many of the millions of catalogs getting sent to U.S. homes were indeed scaled down to save on postage and paper, resulting in pint-sized editions. Lands’ End, Duluth Trading Company and Hammacher Schlemmer are among gift purveyors using smaller editions. Some retailers are saving even more money with postcards. Lisa Ayoob, a tech-savvy, online shopper in Portland, Maine, was surprised by the size of a recent catalog she received from outdoor apparel company Carbon2Cobalt. “It almost felt like it was a pamphlet compared to a catalog,” she said. Catalogs have undergone a steady recalibration over the years in response to technological changes and consumer behavior. The thick, heavy Sears and J.C. Penney catalogs that brought store displays to American living rooms slimmed down and gave way to targeted mailings once websites could do the same thing. Recent postal rate increases accelerated the latest shift to compact formats. The number of catalogs mailed each year dropped about 40% between 2006 to 2018, when an estimated 11.5 billion were mailed to homes, according to the trade group formerly known as the American Catalog Mailers Association. In a sign of the times, the group based in Washington rebranded itself in May as the American Commerce Marketing Association, reflecting a broadened focus. But don't expect catalogs to go the way of dinosaurs yet. Defying predictions of doom, they have managed to remain relevant in the e-commerce era. Retail companies found that could treat catalogs with fewer pages as a marketing tool and include QR and promo codes to entice customers to browse online and complete a purchase. Despite no longer carrying an extended inventory of goods, catalogs are costly to produce and ship. But they hold their own in value because of growing digital advertising costs, helping retailers cut through the noise for consumers barraged by multi-format advertisements, industry officials say. In an unlikely twist, notable e-commerce companies like Amazon and home goods supplier Wayfair started distributing catalogs in recent years. Amazon began mailing a toy catalog in 2018. That was the same year Sears, which produced an annual Christmas Wish Book Wish starting in 1933, filed for bankruptc y. Fans of printed information may rejoice to hear that apparel retailer J.Crew relaunched its glossy catalog this year. Research shows that the hands-on experience of thumbing through a catalog leaves a greater impression on consumers, said Jonathan Zhang, a professor of marketing at Colorado State University. “The reason why these paper formats are so effective is that our human brains haven’t evolved as fast as technology and computers over the past 10 to 20 years. We retain more information when we read something on paper. That's why paper books remain relevant," Zhang said. “The psychology shows that three-dimensional, tactile experiences are more memorable.” Pint-sized presentations still can work, though, because the purpose of catalogs these days is simply to get customers’ attention, Zhang said. Conserving paper also works better with younger consumers who are worried about the holiday shopping season's impact on the planet, he said. Postal increases are hastening changes. The latest round of postage hikes in July included the category with the 8.5-by-11-inch size that used to be ubiquitous for the catalog industry. Many retailers responded by reducing the size of catalogs, putting them in a lower-cost letter category, said Paul Miller, executive vice president and managing director of the American Commerce Marketing Association. One size, called a “slim jim,” measures 10.5 by 5.5 inches. But there other sizes. Some retailers have further reduced costs by mailing large postcards to consumers. Lands' End, for one, is testing new compact formats to supplement its traditional catalogs. This year, that included folded glossy brochures and postcards, along with other formats, Chief Transformation Officer Angie Rieger said. Maine resident Ayoob said she understands why retailers still use catalogs even though she no longer is a fan of the format. These days, she prefers to browse for products on the internet, not by flipping through paper pages. “Everybody wants eyeballs. There’s so much out there -- so many websites, so many brands,” said Ayoob, who spent 35 years working in department stores and in the wholesale industry. Targeting customers at home is not a new concept. L.L. Bean was a pioneer of the mail-order catalog after its founder promoted his famous “Maine Hunting Shoe” to hunting license holders from out-of-state in 1912. The outdoor clothing and equipment company based in Freeport, Maine, is sticking to mailing out regular-sized catalogs for now. “By showcasing our icons, the catalog became an icon itself,” L.L. Bean spokesperson Amanda Hannah said. "Even as we invest more in our digital and brand marketing channels, the catalog retains a strong association with our brand, and is therefore an important part of our omni-channel strategy, especially for our loyal customers.”No. 21 Nebraska women lose the 3-point battle, and an entertaining game, to Creighton