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An enduring love for San Francisco shows in how the global star is revitalizing a space that's been central to his creative journey.
The retail giant has to make some changes that customers need to know about (including lowering some prices).
International Business Machines Corporation (NYSE:IBM) disclosed a $150 billion investment plan in the U.S. over the next five years.The initiative aims to drive economic growth and strengthen its position as a global computing leader.In particular, the company plans to allocate over $30 billion toward research and development, focusing on advancing and expanding its American manufacturing of mainframe and quantum computers.Also Read: IBM’s Shares Drop Sharply After Q1 Report: Analysts Say It’s Overdone, Revenue Growth To AccelerateArvind Krishna, IBM chairman, president and CEO said, “We have been focused on American jobs and manufacturing since our founding ...Full story available on Benzinga.com
Progressive (NYSE:PGR) has outperformed the market over the past 10 years by 15.62% on an annualized basis producing an average annual return of 25.8%. Currently, Progressive has a market capitalization of $158.28 billion. Buying $1000 In PGR: If an ...Full story available on Benzinga.com
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NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESTORONTO, April 28, 2025 (GLOBE NEWSWIRE) -- Caldwell Investment Management Ltd., the manager of Caldwell U.S. Dividend Advantage Fund (the "Fund"), is pleased to announce the payment of distributions on the actively-managed ETF Series of the Fund to unitholders of record as indicated below. The monthly distribution rate of CAD $0.038 per unit of the ETF Series represents an attractive annualized yield on net assets of approximately 3.4%.Record DatePayment DateDistribution per UnitApril 30, 2025May 7, 2025CAD $0.038Full story available on Benzinga.com
Major carriers are turning to off-peak fare sales and cutting excess capacity in the second half of the year.Airfare dropped in March, according to the latest inflation read.Is a recession brewing in row 33?Airline CEOs this month warned Wall Street that passengers’ appetite for domestic trips is coming in lighter than they had hoped when they set forecasts high at the start of 2025.On a series of earnings calls, they said the reasons range from President Donald Trump’s whipsawing tariff policies to volatile markets and, most notably, economic uncertainty.“Nobody really relishes uncertainty when they’re talking about what they could do on a vacation and spend hard-earned dollars,” American Airlines CEO Robert Isom said on a quarterly earnings call on Thursday. That means airlines have too many seats on their hands — again. Delta Air Lines, Southwest Airlines and United Airlines said they will cut back their capacity growth plans after what they still hope to be a strong summer travel season.Delta, Southwest, Alaska Airlines and American Airlines pulled their 2025 financial outlooks this month, saying the U.S. economy is too tough to predict right now. United Airlines provided two outlooks, one if if the U.S. falls into a recession and said it expects to be profitable in either scenario.That is leading to cheaper plane tickets. Airfare fell 5.3% in March from last year, according to the Bureau of Labor Statistics’ latest data. Easter, a peak travel period that coincides with many school vacations, fell in March of last year, though fares also dropped 4% in February this year.Adding to pressure, executives said, is slower-than-expected growth from corporate travel, which is facing the same challenges many households are. Government travel plunged, too, amid the Trump administration’s cost cuts and mass layoffs this year.“If uncertainty pops up, the first thing that goes away is corporate travel,” said Conor Cunningham a travel and transportation analyst at Melius Research .Delta CEO Ed Bastian said on April 9 that corporate travel was trending up 10% year on year at the start of 2025, but that growth has since flattened. Business travel is key to major carriers because those customers are less price-sensitive and often book last minute when tickets are likely to be more expensive.The overhang of seats in the domestic skies is forcing airlines to cut prices to fill their planes.Alaska Airlines warned Wednesday that weaker-than-expected demand will likely eat into second-quarter earnings. Chief Financial Officer Shane Tackett told CNBC that demand has not plunged, but the carrier has lowered some fares to fill seats.“The fares aren’t as strong as they were in the fourth quarter of last year and coming into January and first part of February,” Tackett said in an interview Wednesday. “Demand is still quite high for the industry, but it’s just not at the peak that we all anticipated might continue coming out of last year.”At the front of the plane, executives say demand is holding up far better, while U.S.-based customers are still flying overseas in droves.But lingering concerns are still weighing on the industry.“Certainty will restore the economy, and I think it will restore it pretty quickly,” Isom said. Warren Buffett on extreme behavior in markets: It’s very good for people who keep their headsExpect a ‘severe’ market reaction if Trump tries to fire Powell, says Evercore ISI’s Krishna GuhaHere’s where retirement savers are flocking as Trump’s policy uncertainty shakes up stocksIt’s not just about tariffs. A look under the surface shows U.S. stocks have been pressured for months
US Crypto Rules Like 'Floor Is Lava' Game Without Lights; Hester Peirce Authored by Ciaran Lyons via CoinTelegraph.com,SEC Commissioner and head of the crypto task force, Hester Peirce, says US financial firms are navigating crypto in a way that’s similar to playing the children’s game “the floor is lava,” but in the dark.“It is time that we find a way to end this game. We need to turn on the lights and build some walkways over the lava pit,” Peirce said at the SEC “Know Your Custodian” roundtable event on April 25.The lava is crypto, says PeircePeirce explained that SEC registrants are forced to approach crypto-related activities like “the floor is lava,” where the aim is to jump from one piece of furniture to the next without touching the ground, except here, touching crypto directly is the lava.“A D.C. version of this game is our regulatory approach to crypto assets, and crypto asset custody in particular,” she said.Peirce said that, much like in the game, firms wanting to engage with crypto must avoid directly holding it due to unclear regulatory rules. “To engage in crypto-related activities, SEC-registrants have had to hop from one poorly illuminated regulatory space to the next, all while ensuring that they never touch any crypto asset,” Peirce said.Source: US Securities and Exchange CommissionPeirce said that investment advisers are often unsure which crypto assets qualify as securities, what entities count as qualified custodians, and whether “exercising staking or voting rights” could trigger custody violations.“The twist in the regulatory version is that it is largely played in the dark: burning legal lava and no lamps to illuminate the way.”Peirce also said that a broker or ATS that cannot custody or manage crypto assets will struggle to facilitate trading, making it unlikely for a “robust market” to develop.Echoing a similar sentiment, SEC Commissioner Mark Uyeda said at the event that as more SEC registrants work with crypto assets, it’s essential that they have access to custodial options that meet legal and regulatory requirements.Uyeda said the agency should consider letting advisers use “state-chartered limited-purpose trust companies” with the authority to hold crypto assets as qualified custodians.Meanwhile, the recently sworn-in chair of the SEC, Paul Atkins, said that he expected “huge benefits” from blockchain technology through efficiency, risk mitigation, transparency, and cutting costs.He reiterated that among his goals at the SEC would be to facilitate “clear regulatory rules of the road” for digital assets, hinting that the agency under former chair Gary Gensler had contributed to market and regulatory uncertainty.“I look forward to engaging with market participants and working with colleagues in President Trump’s administration and Congress to establish a rational fit-for-purpose framework for crypto assets,” said Atkins. Tyler DurdenMon, 04/28/2025 - 10:45
Sarah Krikorian’s journey to the School of Labor and Employment Relations (LER) was unexpected, but welcome. As an undergraduate at the University of Illinois, she often walked past the building without knowing about the then-Institute. “In my senior year, I was trying to figure out a way into business that connected with my interests. As [...]The post Donor Spotlight: Sarah Krikorian appeared first on School of Labor and Employment Relations.
It’s been five years since COVID-19 rattled markets, pressured supply chains and upended manufacturing.In the early days of the pandemic, production and hours worked plummeted to levels not seen since World War II across manufacturing, with factories shutting down or operating with limited capacity.As government restrictions loosened, output roared back in the second half of 2020, driven by the motor vehicle sector, according to U.S. labor data. The recovery gained momentum in the following years amid vaccine rollouts and rising economic demand.While the days of social-distancing and mask mandates are a memory at this point, disruptions from the pandemic have taught manufacturers a variety of lessons about how to stay agile, and spurred operational changes along the way.Companies have accelerated investments in supply chain resiliency to avoid or mitigate future operational disruptions. There’s been a greater push to implement artificial intelligence and automated tools for greater efficiency and decision-making. Manufacturers are also looking to reconfigure hard-to-fill jobs to make them more appealing to the next generation of workers.Here’s a look back at how the pandemic changed manufacturing.Stronger supplier relationships were formedSupply shocks occurred at different points throughout the pandemic, depending on the manufacturing sector.Chip McElroy, president and CEO of McElroy Manufacturing, an Oklahoma-based maker of machinery that welds together underground pipes for gas companies and water municipalities, said his business saw an “astronomical” collapse in product orders between mid-March and May of 2020. Meanwhile, ongoing orders with suppliers for raw materials and intermediate goods continued through the year and kept potential issues at bay.“I really didn’t have any supply disruptions to speak of pretty much for the balance of 2020,” McElroy told Manufacturing Dive. “But [problems] really hit the fan as things started coming back to life and as we needed to reorder.”Around this time inflation reared its head, surging from 2% to nearly 8% during 2021, and McElroy began seeing extended lead times driven in part by price hikes and delays on needed materials. He also said the company realized just how much it relied on components from factories in other countries, including items like seals, insulation foam and paint.To mitigate challenges, McElroy said the business made an effort to strengthen its supplier relationships and continues to foster those dynamics.“We’ve gotten much closer with our supplier partners,” he said. “The more open we have been with our suppliers, the more willing they are to engage us in a way that is probably far greater than what our dollar volume with them would suggest they need to do.”COVID-19 rattled the US manufacturing workforceThe number of U.S. manufacturing employees per month, January 2015 to January 2025.!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data["datawrapper-height"][t]+"px";r.style.height=d}}}))}(); Manufacturing jobs became more advancedWhen the lockdowns took effect, the United States lost about 1.3 million manufacturing jobs as a result of layoffs and business closures, according to the Bureau of Labor Statistics.While hiring rebounded in the following months, with jobs surpassing pre-pandemic levels at 12.8 million in summer 2022, the sector has recently dealt with labor constraints as companies struggle to recruit and retain workers.“It’s harder to get folks who want to come in and do these jobs that are required to make manufacturing run,” said Tim Gaus, principal and smart manufacturing business leader at Deloitte, to Manufacturing Dive.To fill the labor gap, more companies are leveraging automation and robotics, as well as investing in ways to upskill jobs and foster a working environment for the next generation, according to an April 2024 Deloitte report.Gaus said manufacturing has become less desirable in part because today’s workforce is looking for a different work experience compared to past generations, including hybrid and tech-forward options.To make the jobs more attractive, Gaus said employers are putting more technology into the hands of shop floor workers to create a more modern experience. According to the World Economic Forum’s 2023 Future of Jobs report, 40% of the current skill requirements in advanced manufacturing will evolve over the next five years, with an increased emphasis on leadership, digital and soft skills.On the other hand, manufacturers are investing in software-defined manufacturing, such as predictive maintenance and other artificial intelligence tools, to drive the operation in a more agile way, said Kelsey Carvell, a principal in Deloitte’s supply chain and manufacturing operations practice.“So potentially, you don’t need to work as many hours to get the output,” Carvell told Manufacturing Dive.As companies conducted mass layoffs through the pandemic, a number of them fought to hold on to their workers. In previous downturns, McElroy said his company would conduct layoffs accordingly, but in 2020, he and other leaders suspected conditions would return quicker than expected and didn’t want to risk losing their employees.“Because we held on to our people, we were able to respond to the market that came back more quickly and then the additional rehiring we needed to do wasn’t nearly as stressful,” McElroy said.In total, McElroy laid off about 15 people, he said, which “was a pretty minor blip.” About 480 people work for the company, with the vast majority in North America.Supply chain management came to the forefrontCOVID-19 disruptions forced companies to rethink their supply chain strategies and accelerated adoption of technologies that gave them greater visibility across their networks.Prior to 2020, Gaus said industrial manufacturers mostly operated with a lean, just-in-time approach, where they kept their inventories as low as possible. Pandemic-induced disruptions highlighted the cracks in that way of doing things.“We saw a lot of companies shift to rethinking that mindset,” Gaus said, with many weighing whether they should have more redundancy or inventory stockpiles and a slightly different flow to their end-to-end supply chain.McElroy, for example, made an effort to carry higher levels of inventory post-COVID and nearshore sourcing to limit potential issues.“I think one of the lessons learned from just-in-time manufacturing is that you can go too far, and when you do and there’s a disruption, then you’re not able to satisfy your customer," he said.Beyond stockpiling, manufacturers also advanced their supply chain technologies after the height of the pandemic. According to Deloitte’s 2022 manufacturing outlook report, which surveyed hundreds of U.S. executives and senior leaders, 53% of respondents said they expected to enhance data integration for more supply-and-demand visibility and planning.While digitalization and automation accelerated across manufacturing, Alex Iuorio, SVP of supplier development at AvNet, a distributor of semiconductors and other electronic components, said to Manufacturing Dive that the biggest change he saw was an increased awareness from the public regarding supply chains.“What laymen understand is impulse buying,” Iuorio said. “I have to stock, you know? I can no longer get what I want instantly, and so those things started to bubble to the forefront. We saw the same condition in our business.”In addition to electronics distribution, AvNet offers supply chain solutions designed to reduce costs and improve management processes. During the pandemic, Iuorio said customers would come to them asking initially for parts, and the conversation would shift to “Hey, I want to talk about my supply chain solutions so that this never happens to me again.”
MUMBAI, India and EDISON, N.J., April 28, 2025 (GLOBE NEWSWIRE) -- Trigyn Technologies Ltd. (BSE: 517562, NSE: TRIGYN), Trigyn Technologies, Inc., and its subsidiaries and affiliates are pleased to announce the appointment of Vikram Chandna as its Chief Executive Officer effective immediately. Vikram will be based in the USA.In his role as CEO, Vikram will provide strategic leadership to Trigyn Technologies. He will drive the strategic growth and transformation initiatives, focusing on achieving scalable profitability while strengthening our existing client relationships. His commitment to innovation will help Trigyn Technologies build niche capabilities and leverage its diverse expertise spanning a wide range of clients and geographies.Dr. ...Full story available on Benzinga.com
NYT Hack Goes Mask-Off Defending Judge Protecting Illegal Alien: 'Sometimes Civil Disobedience Is Necessary' New York Times opinion writer David Brooks suggested Friday that Milwaukee County Circuit Judge Hannah Dugan’s alleged assistance of an illegal alien in evading federal immigration authorities was justified, despite his (albeit tepid) acknowledgment that her actions were illegal.“Especially on the issue of immigration, there are a lot of people who are appalled by what the administration is doing,” Brooks said on PBS’s NewsHour regarding President Trump’s fulfill his campaign promise of cracking down on illegal immigration. “And there will be times for civil disobedience. And to me, let’s say she did escort this guy out the door. If federal enforcement agencies come to your courtroom and you help a guy escape, that is two things. One, it strikes me as maybe something illegal, but it also strikes me something heroic.”🚨NYT’s David Brooks doesn’t "know the specific details" of the Judge Dugan case — but says she was “heroic."“If the federal enforcement agencies come to your courtroom and you help a guy escape, that is two things..."“One, it strikes me as maybe something illegal, but it... pic.twitter.com/1Ia7BaxW7R— Western Lensman (@WesternLensman) April 27, 2025“And in times of trouble, then people are sometimes called to do civil disobedience. And in my view, when people do civil disobeying, they have to pay the price,” Brooks added. “That’s part of the heroism of it, frankly. And so you can both think that she shouldn’t have. Legally done this, and that morally protecting somebody against, maybe not even in this case, but in other cases, frankly, a predatory enforcement agency, sometimes civil disobedience is necessary.”FBI Director Kash Patel shocked both the left and right Friday when he announced the arrest of Dugan, charging the judge with two felonies on allegations of trying to help an illegal aliens avoid arrest after he appeared in her courtroom.Milwaukee Journal Sentinel reports:According to a 13-page complaint, Dugan, 65, is accused of obstructing a U.S. agency and concealing an individual to prevent an arrest. The two charges carry a maximum penalty of six years in prison and a $350,000 fine, but sentences in cases involving nonviolent offenses typically are much shorter.Specifically, the complaint says Dugan assisted Eduardo Flores-Ruiz, an undocumented Mexican immigrant, avoid being arrested by federal immigration officials at the Milwaukee County Courthouse after he appeared in her courtroom for a pretrial conference on April 18. Flores-Ruiz is facing three misdemeanor battery counts.Dugan’s arrest unsurprisingly drew sharp criticism from Wisconsin Democrats, who labeled the FBI’s actions as government overreach. Conversely, Wisconsin Republicans stressed accountability, asserting that breaking the law leads to consequences.“I would advise everyone to cooperate with federal law enforcement and not endanger them and the public by obstructing their efforts to arrest criminals and illegal aliens,” Sen. Ron Johnson said.Rep. Tom Tiffany, eyeing a gubernatorial bid in 2026, said bluntly: “If you help illegal aliens evade arrest, you will be arrested.”Legal expert Jonathan Turley had this to say: “Judges have to reinforce respect for the judiciary in their own conduct. That includes showing restraint and respect in relation to the countervailing powers of the Executive Branch. It certainly includes avoiding actions that could be viewed as criminal or unethical in resisting this Administration.” Tyler DurdenSun, 04/27/2025 - 22:45
“Fruit of the poisonous tree” is a doctrine that extends the exclusionary rule to make evidence inadmissible in court if it was derived from evidence that was illegally obtained. As the metaphor suggests, if the evidential “tree” is tainted, so is its “fruit.” The fruit of the poisonous tree analogy ... [continued]The post Trump’s Climate Policy Decisions: Fruit Of The Poisonous Tree appeared first on CleanTechnica.
Dogecoin (CRYPTO: DOGE) “millionaire” Glauber Contessoto took to X on Sunday to spotlight the remarkable performance of Floki (CRYPTO: FLOKI), noting its 33% rise over the past week. What Happened: The post, made through Contessoto’s X persona SlumDOGE Millionaire, emphasized the coin’s growth despite major cryptocurrencies like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) remaining below significant price thresholds. He posed a question to his followers, asking them to consider Floki’s potential once Ethereum surpasses its previous all-time high. The post concluded with an optimistic “Strap in,” along with a rocket emoji.$FLOKI is up 33% in the last 7 days Seriously think about that... #BTC is still under $100K #ETH is still under $2K when #ETH finally surpasses all time high – what do ...Full story available on Benzinga.com
In another recent post, I shared what I learned from going all-electric and taking my travel trailer off-grid for a week. Now, I want to explain to readers what it took to teach my older camper new tricks. It took a surprising amount of hard, intricate work to do this, ... [continued]The post How I Took My Travel Trailer All-Electric (So Far) appeared first on CleanTechnica.
Developing | China ‘fully confident’ of hitting 5% growth target despite trade war South China Morning PostAsia-Pacific markets muted after China vows targeted measures to support industries CNBCChina has scope to ramp up stimulus, fix property woes, IMF says ReutersGauging the Strength of China’s Economy in Uncertain Times Liberty Street EconomicsChina Reiterates Hitting 2025 Growth Target Amid Trade Tension Bloomberg.com
Stocks closed last week in the green, but U.S. futures edged downward Sunday night local time. At a Politburo meeting Friday, China called for more support to help domestic businesses. Factories in China are pausing production and sending workers home as U.S. tariffs bite. U.S. President Donald Trump signed on Thursday an executive order to jump-start deep-sea mining. Southeast Asian countries are turning to each other in the face of Trump tariffs and a growing U.S.-China trade war. This week is packed with earnings reports from the “Magnificent Seven” as well as inflation and jobs data.U.S. President Donald Trump’s “America First” ideology, which, generally speaking, prioritizes the domestic over the international, rests on the assumption that the world needs America more than it needs the world.This may be true for the status quo. The U.S. is the world’s largest importer and among the biggest exporters, according to the World Integrated Trade Solution, a database provided by the World Trade Organization. And its policies are already being felt: Factories in China are struggling to fill their order books because of increased export costs to the U.S.But change is afoot. Countries are finding ways to respond to Trump’s nationalistic gestures.Southeast Asian nations, which suffered the brunt of Trump tariffs, are banding together to increase intra-regional trade and diversify their export destinations. China, after assessing the severity of Trump’s threats, seems to be ready to strengthen its fiscal stimulus, and is likewise expanding to other overseas markets.It’s not like the U.S. has a monopoly over all aspects of international affairs, either. China controls much of the supply chain of rare earth elements as well as critical minerals like nickel and copper. Trump’s green light to deep-sea mining of those elements is a sign the U.S. is playing catch-up with China.An “America First” policy may backfire as it drives other countries to take measures that could leave the U.S. behind.What you need to know todayAsia markets tick upMajor U.S. indexes climbed Friday, concluding the week in the green. The S&P 500 rose 0.74% Friday to mark its first four-day winning streak since January. The Nasdaq Composite advanced 1.26% and the Dow Jones Industrial Average inched up 0.05%. However, stock futures edged lower Sunday evening local time. Asia-Pacific markets ticked up Monday. Japan’s Nikkei 225 added around 0.4%. Shares of Tokyo-listed Toyota Motor rose roughly 3.7% on reports the company is exploring a potentially 6 trillion yen ($42 billion) deal to acquire Toyota Industries.China calls for more economic supportChina plans to help struggling businesses with “multiple measures” and called for “timely reductions” of interest rates in the face of “increased external shocks,” according to a readout of a Politburo meeting chaired Friday by President Xi Jinping, translated by CNBC. The meeting of the Politburo, the second most powerful political body in China, comes as the trade war between the U.S. and China heats up.Factories in China halting workChinese manufacturers are pausing production and sending workers home as the impact of U.S. tariffs sets in, according to companies and analysts. This phenomenon is largely occurring in the export hubs of Yiwu and Dongguan for now, said Cameron Johnson, Shanghai-based senior partner at consulting firm Tidalwave Solutions. But Chinese companies are already turning to customers in Europe and Latin America to make up for a slowdown in exports to America.Trump signs order to boost deep-sea miningU.S. President Donald Trump signed on Thursday a sweeping executive order to jump-start the controversial practice of deep-sea mining, which uses heavy machinery to remove minerals and metals from the seabed. The move attempts to shore up America’s access to strategically important minerals such as nickel, copper and rare earth elements, offsetting China’s dominant position in critical mineral supply chains.Southeast Asian countries turn to each otherExport-oriented Asian countries were hit hard by Trump’s “reciprocal” tariffs and the ensuing U.S.-China trade war. China is among the biggest trade partners for those countries, while the U.S. serves as their strategic partner in areas like defense and development. Instead of picking a side, however, the region’s nations are developing their own economies and strengthening trade ties with each other.[PRO] Eyes on earnings and dataMore than 180 companies in the S&P 500 report their results this week, making it the busiest period of the first-quarter earnings season, notes CNBC’s Sarah Min. Companies to look out for include Meta Platforms, Microsoft, Amazon and Apple. Investors should also watch the personal consumption expenditures price index, out Wednesday, and nonfarm payrolls, out Friday.And finally...Nicolas Economo |NurPhoto | Getty ImagesIndigo is one of a handful of airlines that are rerouting and canceling flights to avoid Pakistan’s airspace.Indian airlines can’t fly over Pakistan. Here’s how that is affecting flightsPakistan’s closure of its airspace to Indian airlines Thursday is forcing carriers to alter some routes that link India to Europe, North America, Central Asia and the Middle East.The airspace closure comes amid tit-for-tat reactions from the nuclear-armed neighbors, following the killing of 26 tourists in the scenic town of Pahalgam in the northwestern India-administered state of Jammu and Kashmir.Indian carriers — including Air India, IndiGo, Akasa Air and SpiceJet — must now fly longer, and thus costlier, flights on some westbound routes. The detour could push some flights to add a refueling stop or cancel certain routes altogether.Indian carriers will pay a price, but passengers may not see airfares go up by much because of Pakistan’s airspace closure, said John Grant, chief analyst at the aviation intelligence company OAG.
The IMF last week cut its growth outlook for the euro area, also making downgrades for the U.S., U.K. and many Asian countries due to President Donald Trump’s volatile tariff policy. The negative impact of tariffs will be slightly offset by Germany’s recent infrastructure spending bill, which will boost growth in the euro area over those two years, Alfred Kammer, director of the European department at the IMF said. He added that the ECB should only cut interest rates once more this year despite growth risks.Higher German infrastructure spending will boost Europe’s economic growth in the coming years — but not enough to outweigh the expected drag from U.S. tariffs, according to Alfred Kammer, director of the European department at the International Monetary Fund.The IMF last week cut its growth outlook for the euro area, also making downgrades for the U.S., U.K. and many Asian countries due to President Donald Trump’s volatile tariff policy.The institution cut its euro area growth forecasts for each of the next two years by 0.2 percentage points, to 0.8% in 2025 and 1.2% in 2026.“It’s the tariffs and the trade tensions which weigh on the outlook rather than the positive effects on the fiscal side,” Kammer told CNBC’s Carolin Roth in an interview at the IMF-World Bank Spring Meetings last week.“What we see is we have a meaningful downgrade for Europe advanced economies... and for the emerging euro area countries double as much over this two-year period.”The negative impact of tariffs will be slightly offset by Germany’s recent infrastructure spending bill, which will boost growth in the euro area over those two years, Kammer said.Exemptions passed to Germany’s longstanding debt rules have unlocked higher defense spending and enabled creation of a 500 billion euro ($548 billion) infrastructure and climate fund. The move has been described by economists as a potential “game changer” for the sluggish economy — the largest in the euro zone.However, optimism has been shaken by U.S. tariffs, which are widely expected to dampen global growth and trade flows.Several policymakers at the European Central Bank told CNBC last week that while the inflation path appeared positive — with tariffs potentially bringing inflation in the bloc down further — their broader outlook was now significantly more uncertain.The IMF’s Kammer said that the ECB should only cut interest rates once more this year, by a quarter percentage point, despite growth risks.The ECB has so far reduced rates seven times in quarter-percentage-point increments, starting in June 2024. Its most recent move lower in April took the deposit facility, its key rate, to 2.25%.“We have a very clear recommendation for the ECB. What we saw so far is a huge success in the disinflation effort and monetary policy has worked ... so we are expecting to sustainably hit the 2% inflation target in the second half of 2025,” Kammer told CNBC.“Our recommendation is there is room for one more 25-basis-point cut, in the summer, and then the ECB should hold that 2% policy rate unless major shocks hit and there is a need for recalibrating monetary policy,” he added.Overnight index swap pricing on Monday pointed to market expectations for two more quarter-point cuts this year.
HIGHLIGHTS:Drilling at Zone 126 has intersected high-grade gold mineralisation in a position consistent with Benz's structural interpretation for a third high grade mineralised lens, returning 2m at 6.8g/t Au from 295m (GBZ014).The intercept is interpreted to represent the outer edge of the lens, with potential for mineralisation to thicken toward...
BEIJING, April 27, 2025 /PRNewswire/ -- The China Electricity Council, TÜV Rheinland, China General Certification Center(CGC), AIKO, and LONGi jointly released the Back Contact (BC) Solar Technology Development White Paper (hereinafter referred to as the "White Paper") in Beijing. As the...
Comcast is one of several local companies to make sizable donations to Donald Trump's inaugural committee.
SAG-AFTRA’s National Board overwhelmingly approved 2025’s Commercials Contracts tentative agreements reached with the Joint Policy Committee April 12, meaning the agreements will now move on to the membership for ratification. The decision, made at the regularly scheduled, two-day, in-person assembly, yielded a deal valued at an increase of $218.4 million in new earnings and benefit [...]
This popular retail chain has just been dealt with a rollercoaster of emotions in less than a week.
Watch These Apple Stock Price Levels Ahead of This Week's Earnings Report InvestopediaTech Executives Are Starting to Talk Tariffs. What It May Mean for Apple, Amazon Earnings. Barron'sGoing Into Earnings, Is Apple Stock a Buy, a Sell, or Fairly Valued? MorningstarApple's goal this week: Prove it still has its mojo TheStreetTariff Concerns Loom Over Apple Earnings Report Investor's Business Daily
Now that the NFL Draft is over, fans are turning their attention to the rest of the best available.
These twelve large-cap stocks were the worst performers in the last week. Are they in your portfolio?Fiserv, Inc. (NYSE:FI) stock tumbled 14.92% after the company issued FY25 adjusted EPS guidance with its midpoint below estimates. Analysts changed their price forecasts.Northrop Grumman Corporation (NYSE:NOC) shares dipped 12.43% after the company reported worse-than-expected results and lowered its FY25 EPS guidance. Several analysts lowered their price forecasts.Erie Indemnity Company (NASDAQ:ERIE) stock plummeted 11.95% after it reported financial results and missed its EPS estimate.T-Mobile US, Inc. (NASDAQ:TMUS) shares fell 11.17% last week following the first-quarter financial results.Watsco, ...Full story available on Benzinga.com
Our latest roundup of the area's most expensive homes is in the attached photo gallery. This time we're looking at homes sold between April 3 and April 9.
Jobs reports, inflation data and earnings will put last week's market rally to the test.
STAMFORD, Conn., April 27, 2025 (GLOBE NEWSWIRE) -- SpringWorks Therapeutics, Inc. (Nasdaq: SWTX), a commercial-stage biopharmaceutical company focused on severe rare diseases and cancer, announced today that the Company anticipates the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) will adopt an opinion on the marketing authorization application (MAA) for nirogacestat, an oral gamma secretase inhibitor, for the treatment of adults with desmoid tumors in the second quarter of 2025.
Investors are having trouble seeing past the potential sale of an important piece of this company -- but it'll be fine without it.
Dogecoin's price appears to be near a bottom, and history shows what could happen next.
With gold prices at record highs, jewelry collectors are in meltdown mode.
SHANGHAI, April 26, 2025 /PRNewswire/ -- On April 23, 2025, at the Shanghai Climate Week 2025 "Climate Lighthouse: A New Era" theme event, LONGi's Jiaxing Production Base was honored with the "Shanghai Climate Week Climate Lighthouse 2025 Manufacturing Lighthouse Exemplary Award" as the...
NEW YORK, April 26, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Movado Group, Inc. (NYSE:MOV) resulting from allegations that Movado may have issued materially misleading business information to the investing public.SO WHAT: If you purchased Movado Group securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=38644 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.WHAT IS THIS ABOUT: On April 11, 2025, Movado disclosed that it had "[become] aware of allegations of misconduct within the Dubai branch" of its Swiss subsidiary, MGI Luxury Group Sárl, relating to "sales to certain customers in the Middle East, India & Asia Pacific ...Full story available on Benzinga.com
NEW YORK, April 26, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of NET Power Inc. (NYSE:NPWR, NPWR.WS)) between June 9, 2023 and March 7, 2025, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 17, 2025.SO WHAT: If you purchased NET Power securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.WHAT TO DO NEXT: To join the NET Power class action, go to https://rosenlegal.com/submit-form/?case_id=38515 call Phillip Kim, Esq. at 866-767-3653 or email [email protected] for more information. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 17, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.DETAILS OF THE CASE: According to the lawsuit, ...Full story available on Benzinga.com
A federal jury has ruled that AI-powered technology made by Motive does not infringe on any of Omnitracs’ patents, concluding a lengthy legal battle between the two companies.The post Motive found not guilty of patent infringement appeared first on FreightWaves.
NEW YORK, April 26, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Ibotta, Inc. (NYSE:IBTA) pursuant and/or traceable to the registration statement and related prospectus (collectively, the "Registration Statement") issued in connection with Ibotta's April 18, 2024 initial public offering (the "IPO"), of the important June 16, 2025 lead plaintiff deadline.SO WHAT: If you purchased Ibotta securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.WHAT TO DO NEXT: To join the Ibotta class action, go to https://rosenlegal.com/submit-form/?case_id=36526 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 16, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing ...Full story available on Benzinga.com
The Next Phase Of Surveillance? Getting Under Your Skin Authored by Aaron Kheriarty via The Brownstone Institute,Here’s the video link to my recent talk at Hillsdale College on AI and Transhumanism. I’m including below the text of the speech if you prefer to read rather than watch it.AI and TranshumanismHackable AnimalsMy friends, let me introduce you to Yuval Noah Harari, a man chock full of big ideas. He explained during the covid crisis: “Covid is critical because this is what convinces people to accept, to legitimize, total biometric surveillance. If we want to stop this epidemic, we need not just to monitor people, we need to monitor what’s happening under their skin.” In a 60 Minutes interview with Anderson Cooper, Harari repeated this idea: “What we have seen so far is corporations and governments collecting data about where we go, who we meet, what movies we watch. The next phase is the surveillance going under our skin.” He likewise told India Today, when commenting on changes accepted by the population during covid:We now see mass surveillance systems established even in democratic countries which previously rejected them, and we also see a change in the nature of surveillance. Previously, surveillance was mainly above the skin; now we want it under the skin... Governments want to know not just where we go or who we meet. They want to know what’s happening under our skin: what is our body temperature; what is our blood pressure; what is our medical condition?Harari is clearly a man who wants to... get under your skin. He just might succeed. Another recent interview finds him waxing philosophical: “Now humans are developing even bigger powers than ever before. We are really acquiring divine powers of creation and destruction. We are really upgrading humans into gods. We are acquiring, for instance, the power to re-engineer human life.” As Kierkegaard once said of Hegel when he talks about the Absolute, when Harari talks about the future, he sounds like he’s going up in a balloon.Forgive me, but a few last nuggets from Professor Harari will round out the picture of his philosophy, and his lofty hopes and dreams: “Humans are now hackable animals. You know, the whole idea that humans have this soul or spirit, and they have free will and nobody knows what’s happening inside me, so, whatever I choose, whether in the election or in the supermarket, that’s my free will—that’s over.” Harari explains that to hack human beings you need a lot of computing power and a lot of biometric data, which was not possible until recently with the advent of AI. In a hundred years, he argues, people will look back and identify the Covid crisis as the moment “when a new regime of surveillance took over, especially surveillance under the skin—which I think is the most important development of the 21st Century, which is this ability to hack human beings.”People rightly worry that their iPhone or Alexa have become surveillance “listening devices”, and indeed, the microphone can be turned on even when the device is turned off. But imagine a wearable or implantable device that, moment-to-moment, tracks your heart rate, blood pressure, and skin conductance, uploading that biometric information to the cloud. Anyone with access to that data could know your exact emotional response to every statement made while you watch a presidential debate. They could gauge your thoughts and feelings about each candidate, about each issue discussed, even if you never spoke a word.I could go on with more quotes from Professor Harari about hacking the human body, but you get the picture. At this point you may be tempted to dismiss Harari as nothing more than an overheated, sci-fi obsessed village atheist. After years binging on science fiction novels, the balloon of his imagination now perpetually floats up somewhere above the ether. Why should we pay any heed to this man’s prognostications and prophesies?It turns out that Harari is a professor of History at the Hebrew University of Jerusalem. His bestselling books have sold over 20 million copies worldwide, which is no small shake. More importantly, he is one of the darlings of the World Economic Forum and a key architect of their agenda. In 2018, his lecture at the WEF, “Will the Future Be Human?” was sandwiched between addresses from German Chancellor Angela Merkel and French President Emmanuel Macron. So he’s playing in the sandbox with the big dogs.In his WEF lecture Harari explained that in the coming generations, we will “learn how to engineer bodies and brains and minds,” such that these will become “the main products of the 21st Century economy: not textiles and vehicles and weapons, but bodies and brains and minds.” The few masters of the economy, he explains, will be the people who own and control data: “Today, data is the most important asset in the world,” in contrast to ancient times when land was the most important asset, or the industrial age when machines were paramount. WEF kingpin Klaus Schwab echoed Harari’s ideas when he explained: “One of the features of the Fourth Industrial Revolution is that it doesn’t change what we are doing; it changes us,” through gene editing and other biotechnological tools that operate under our skin.Even the dreamy-eyed Harari admits there are some potential dangers with these developments: “If too much data is concentrated in too few hands, humanity will split not into classes but into two different species.” That would not, one supposes, be a good thing. But all things considered, he is more than willing to take these risks and forge ahead with this agenda. To be fair, Harari does not advocate for a future totalitarian state or rule by all-powerful corporations, but hopes to warn us of coming dangers.In an exceptionally naïve proposal, however, Harari believes that the obvious problems posed by a tyrannical biosecurity state can be solved with more surveillance, by having citizens simply surveil the government: “Turn it around,” he said in a talk at the Athens Democracy Forum, “Surveil the governments more. I mean, technology can always go both ways. If they can surveil us, we can surveil them.” This proposal is—not to put too fine a point on it—incredibly stupid. As most of us learned in kindergarten, two wrongs don’t make a right.The WEF made waves a few years back by posting on their website the slogan, “You will own nothing. And you will be happy.” Although the page was later deleted, the indelible impression remained: it provided a clear and simple description of the future envisioned by Davos Man. As the WEF savants predict, at the last stage of this development, we will find ourselves in a rent-only/subscription-only economy, where nothing really belongs to us. Picture the Uberization of everything.To get a sense of this future, imagine the world as an Amazon warehouse writ large: a mandarin caste of digital virtuosos will call the shots from behind screens, directing the masses below with the aid of ever more refined algorithmic specificity. The prophetic Aldous Huxley foresaw this Brave New World in his 1932 novel. These changes will challenge not only our political, economic, and medical institutions and structures; they will challenge our notions of what it means to be human. This is precisely what its advocates celebrate, as we will see in a moment.Corporatist arrangements of public-private partnerships, which merge state and corporate power, are well suited for carrying out the necessary convergence of existing and emerging fields. This biological-digital convergence envisioned by the WEF and its members will blend big data, artificial intelligence, machine learning, genetics, nanotechnology, and robotics. Schwab refers to this as the Fourth Industrial Revolution, which will follow and build upon the first three—mechanical, electrical, and digital. The transhumanists—who we will meet in a moment—have been dreaming of just such a merging of the physical, digital, and biological worlds for at least a few decades. Now, however, their visions are poised to become our reality.Mechanisms of ControlThe next steps in hacking human beings will involve attempted rollouts—which we should vigorously resist—of digital IDs, tied to fingerprints and other biometric data like iris scans or face IDs, demographic information, medical records, data on education, travel, financial transactions, and bank accounts. These will be combined with Central Bank Digital Currencies, giving governments surveillance power and control over every one of your financial transactions, with the ability to lock you out of the market if you do not comply with government directives.Using biometrics for everyday transactions routinizes these technologies. We are conditioning children to accept biometric verification as a matter of course. For example, face IDs are now used in multiple school districts to expedite the movement of students through school lunch lines. Until recently, biometrics such as fingerprints were used only for high-security purposes—when charging someone with a crime, for example, or when notarizing an important document. Today, routine biometric verification for repetitive activities from mobile phones to lunch lines gets young people used to the idea that their bodies are tools used in transactions. We are instrumentalizing the body in unconscious and subtle, but nonetheless powerful, ways.Those with economic interests in creating markets for their products (whether vaccines, digital surveillance hardware and software, or harvested data) will continue to deploy the carrots and sticks of access to medical care and other services to strongarm acceptance of digital IDs in underdeveloped nations. In developed nations they will initially use a velvet glove approach of nudges, selling digital IDs as convenience and time-saving measures that will be hard for many to turn down, like skipping long TSA security lines at airports. The privacy risks, including the possibility for constant surveillance and data harvesting, will fade into the background when you’re about to miss your flight if you can’t skip to the front of the line.Unless we collectively decline to participate in this new social experiment, digital IDs—tied to private demographic, financial, location, movement, and biometric data—will become mechanisms for bulk data harvesting and tracking of populations around the globe. We should resist—including by opting out of the new face ID scans at TSA airport screening checkpoints, which we can still legally do.Once fully realized, this surveillance system will offer unprecedented mechanisms of control, allowing the regime to be maintained against any form of resistance. This technocratic dream would entrench the most intransigent authoritarian system the world has ever known—in the sense that it could maintain itself against any form of opposition through monopolistic technological and economic power. The suppression of dissent will happen in large part through the system’s financial controls, especially if we adopt Central Bank Digital Currencies. Try to resist or step outside the system’s strictures and the doors to markets will simply close. This means that once this system is in place, it could prove almost impossible to overthrow.Microwaved EugenicsHarari—who I cited extensively at the beginning of this talk—is among the more prominent members of a new species of academics, activists, and “visionaries” that refer to themselves as transhumanists. These folks aim to use technology not to alter the lived environment, but to fundamentally alter human nature itself. The goal is to “upgrade” or “enhance” human beings. This is both possible and desirable, as Harari explains, because all organisms—whether humans or amoebas or bananas or viruses—are at bottom just “biological algorithms.” This is the old materialist, social Darwinist ideology turbocharged and techno-upgraded with the tools of gene editing, nanotechnology, robotics, and advanced pharmaceuticals. Transhumanism is microwaved eugenics. There is nothing new under the sun.The 20th-century eugenicists referred to disabled persons as “useless eaters.” Echoing this rhetoric on multiple occasions, Harari has puzzled over the question of what to do with people in the future who will refuse AI-mediated enhancement—folks he refers to as “useless people.” “The biggest question maybe in economics and politics in the coming decades,” he predicts, “will be what to do with all these useless people?” He goes on to explain, “The problem is more boredom, what to do with them and how will they find some sense of meaning in life when they are basically meaningless, worthless.”Harari suggests one possible solution to the problem of what to do with useless people: “My best guess at present is a combination of drugs and computer games.” Well, at least we have a head start on that, a fact that does not escape Harari’s attention: “You see more and more people spending more and more time, or solving their time with drugs and computer games, both legal drugs and illegal drugs,” he explains. This is where Harari predicts those who refuse to be hacked for AI-enhancement purposes will find themselves.Encountering Harari’s thought was not my first brush with the transhumanist movement. Several years ago, I spoke on a panel at Stanford University sponsored by the Zephyr Institute on the topic of transhumanism. I critiqued the idea of “human enhancement,” the use of biomedical technology not to heal the sick but to make the healthy “better than well,” i.e., bigger, faster, stronger, smarter, etc. The event was well attended by several students from the Transhumanist Club at Stanford.We had a cordial discussion, and I enjoyed chatting with these students after the talk. I learned the symbol of their student group was H+ (“humanity-plus”). They were exceptionally bright, ambitious, and serious young men and women—typical Stanford students. Some of them had read their Plato in addition to their Scientific American. They sincerely wanted to make the world better. Perhaps there was a closet authoritarian or two among them, but my impression was that they had no interest in facilitating world domination by oligarchic corporatist regimes empowered to hack human beings.Nevertheless, I got the impression that they did not comprehend the implications of the axioms they had accepted. We can choose our first principles, our foundational premises, but then we must follow them out to their logical conclusions; otherwise, we deceive ourselves. These Stanford students were not outliers, but representative of the local culture: transhumanism is enormously influential in Silicon Valley and shapes the imagination of many of the most influential tech elites. Proponents include the Oxford University philosopher Nick Bostrom, Harvard geneticist George Church, the late physicist Stephen Hawking, Google engineer Ray Kurzweil, and other notables.The Transhumanist DreamReturning to Harari’s 2018 talk at the WEF, he admits that control of data might not only enable human elites to build digital dictatorships, but opines that hacking humans may facilitate something even more radical: “Elites may gain the power to re-engineer the future of life itself.” With his Davos audience warmed up he then waxes to a crescendo: “This will not just be the greatest revolution in the history of humanity, it will be the greatest revolution in biology since the beginning of life four billion years ago.”Which is, of course, a pretty big deal. Because for billions of years, nothing fundamental changed in the basic rules of the game of life, as he explains: “All of life for four billion years—dinosaurs, amoebas, tomatoes, humans—all of life was subject to the laws of natural selection and to the laws of organic biochemistry.” But not anymore: all this is about to change, as he explains:Science is replacing evolution by natural selection with evolution by intelligent design—not the intelligent design of some god above the cloud, but our intelligent design, and the design of our clouds: the IBM cloud, the Microsoft cloud—these are the new driving forces of evolution. At the same time, science may enable life—after being confined for four billion years to the limited realm of organic compounds—science may enable life to break out into the inorganic realm.The opening sentence here perfectly echoes the original definition of eugenics from the man who coined the term in the late 19th Century, Sir Francis Galton, Charles Darwin’s cousin: “What nature does blindly, slowly, and ruthlessly [evolution by natural selection], man may do providently, quickly, and kindly [evolution by our own—or by the cloud’s—intelligent design].” But what is Harari talking about in that last sentence—life breaking out into the inorganic realm?It’s been a transhumanist dream from the dawn of modern computing that someday we will be able to upload the informational content of our brains, or our minds (if you believe in minds), into some sort of massive computing system, or digital cloud, or other technological repository capable of storing massive amounts of data. On this materialist view of man, we will then have no more need for our human body, which, after all, always fails us in the end. Shedding this mortal coil—this organic dust that always returns to dust—we will find the technological means to... well, to live forever. Living forever in the digital cloud or the mainframe computer in the sky constitutes the transhumanists’ eschatology: salvation by digital technology.This project is physically (and metaphysically) impossible, of course, because man is an inextricable unity of body and soul—not some ghost in the machine, not merely a bit of software transferable to another piece of hardware. But set that aside for now; look instead at what this eschatological dream tells us about the transhumanist movement. These imaginative flights of fancy have obviously moved well beyond the realm of science. Transhumanism is clearly a religion—indeed, a particular type of neo-Gnostic religion. It attracts adherents today—including educated, wealthy, powerful, culturally influential adherents—because it taps into unfulfilled, deeply religious aspirations and longings. It is an ersatz substitute religion for a secular age.That Hideous StrengthI cannot emphasize enough the importance for our time of C.S. Lewis’s book, The Abolition of Man. Lewis once remarked that his dystopian novel, That Hideous Strength, the third installment in his “space trilogy,” was The Abolition of Man in fictional form. Those who have learned from Huxley’s Brave New World and Orwell’s Nineteen Eighty-Four would do well to also read That Hideous Strength, an underappreciated entry in the dystopian fiction genre. Back in 1945, Lewis foresaw Yuval Harari and his transhumanist ilk on the horizon. He brilliantly satirized their ideology in the novel’s character of Filostrato, an earnest but deeply misguided Italian scientist.In the story, a cabal of technocrats take over a bucolic university town in England—think of Oxford or Cambridge—and go to work immediately transforming things according to their vision of the future. The novel’s protagonist, Mark Studdock, is recruited away from the university to the technocrats’ new institute. Mark desires above all to be part of the progressive set, the “inner ring” that is steering the next big thing. He spends his first several days at the N.I.C.E (National Institute for Coordinated Experiments) trying in vain to ascertain exactly what his new job description entails.Eventually, he figures out that he has been retained mainly to write propaganda explaining the Institute’s activities to the public. Somewhat dispirited—he is a scholar of the social sciences, after all, and not a journalist—he sits down at lunch one day with Filostrato, a member of the N.I.C.E. inner circle, and learns a bit about this scientist’s worldview.It happens that Filostrato has just given orders to cut down some beech trees on the Institute’s property and replace them with trees made of aluminum. Someone at the table naturally asks why, remarking that he rather liked the beech trees. “Oh, yes, yes,” replies Filostrato. “The pretty trees, the garden trees. But not the savages. I put the rose in my garden, but not the brier. The forest tree is a weed.” Filostrato explains that he once saw a metal tree in Persia, “so natural it would deceive,” which he believes could be perfected. His interlocutor objects that a tree made of metal would hardly be the same as a real tree. But the scientist is undeterred and explains why the artificial tree is superior:“But consider the advantages! You get tired of him in one place: two workmen carry him somewhere else: wherever you please. It never dies. No leaves to fall, no twigs, no birds building nests, no muck and mess.”“I suppose one or two, as curiosities, might be rather amusing.”“Why one or two? At present, I allow, we must have forests, for the atmosphere. Presently we find a chemical substitute. And then, why any natural trees? I foresee nothing but the art tree all over the earth. In fact, we clean the planet.”When asked if he means that there would be no vegetation at all, Filostrato replies, “Exactly. You shave your face: even, in the English fashion, you shave him every day. One day we shave the planet.” Someone wonders what the birds will make of it, but Filostrato has a plan for them too: “I would not have any birds either. On the art tree I would have the art birds all singing when you press a switch inside the house. When you are tired of the singing you switch them off. Consider again the improvement. No feathers dropped about, no nests, no eggs, no dirt.”Mark replies that this sounds like abolishing pretty much all organic life. “And why not?” Filostrato counters. “It is simple hygiene.” And then, echoing the rhetoric of Yuval Harari, we hear Filostrato’s soaring peroration, which would have been right at home in World Economic Forum’s annual meeting in Davos:“Listen, my friends. If you pick up some rotten thing and find this organic life crawling over it, do you not say, ‘Oh, the horrid thing. It is alive,’ and then drop it?... And you, especially you English, are you not hostile to any organic life except your own on your own body? Rather than permit it you have invented the daily bath.... And what do you call dirty dirt? Is it not precisely the organic? Minerals are clean dirt. But the real filth is what comes from organisms—sweat, spittles, excretions. Is not your whole idea of purity one huge example? The impure and the organic are interchangeable conceptions.... After all, we are organisms ourselves.“I grant it... In us organic life has produced Mind. It has done its work. After that, we want no more of it. We do not want the world any longer furred over with organic life, like what you call the blue mold—all sprouting and budding and breeding and decaying. We must get rid of it. By little and little, of course. Slowly we learn how. Learn to make our brains live with less and less body: learn to build our bodies directly with chemicals, no longer have to stuff them full of dead brutes and weeds. Learn how to reproduce ourselves without copulation.”Someone interjects that this last part does not sound like much fun, but Filostrato responds, “My friend, you have already separated the Fun, as you call it, from fertility. The Fun itself begins to pass away.... Nature herself begins to throw away the anachronism. When she has thrown it away, then real civilization becomes possible.” Keep in mind that this was written decades before the invention of in vitro fertilization and other assisted reproductive technologies, as well as the sexual revolution that brought widespread acceptance of the oral contraceptive pill. As Lewis reveals at the end of the novel, however, the N.I.C.E is not controlled by brilliant men of science but is ultimately under the sway of demonic forces.In both the real character of Harari and the fictional character of Filostrato we find men who embrace, indeed celebrate, the idea that human beings can shed the messy business of organic life and somehow transfer our bodily existence into sterile inorganic matter. We encounter in both characters the kind of man who wants to bleach the entire earth with hand sanitizer. Were we not nudged, perhaps a bit too far, in the direction of Filostrato’s dream during covid, as we attempted to fully disinfect and sanitize our lived environments, and transfer all our communications to the digital realm? Have we not also moved in this direction by spending more waking hours glued to screens in a virtual world than interacting with people in the real world, while reams of behavioral data are extracted from our every keystroke and click for predictive analysis by AI?Organic matter is alive, whereas inorganic matter is dead. I can only conclude that the transhumanists’ dream is, in the last analysis, a philosophy of death. But we must grant that it has become an influential philosophy among many of today’s elites. In one way or another, all of us have been seduced by the mistaken notion that by massively coordinated vigilance and the application of technology, we could rid our lived environments of pathogens and scrub our world entirely clean—perhaps even thwarting death.As the Italian philosopher Augusto Del Noce pointed out, philosophies that begin from faulty premises not only fail to achieve their purpose, they inevitably end up producing the exact opposite of their stated goals. Transhumanism aims at superior intelligence, superhuman strength, and unending life. But because it is grounded in an entirely false notion of what it means to be human, if we recklessly embrace the transhumanist dream, we will find ourselves instead in a nightmare dystopia of stupidity, weakness, and death. Tyler DurdenSat, 04/26/2025 - 22:10
Just as the White House Correspondents’ Dinner began, the online livestream C-SPAN was streaming suddenly stopped. An onscreen legend indicated that the event had already ended. The stream eventually returned. But the critically-inclined viewer might have responded to the C-SPAN text: No kidding. “There’s no president, there’s no comedian,” declared White House Correspondents’ Association president [...]
by Jonathan BROWNThree American children aged two, four and seven -- one of whom has a rare form of cancer -- have been deported from the United States alongside their undocumented immigrant mothers, campaigners announced Saturday.The deportations from the southern state of Louisiana come as President Donald Trump pursues a hard-line immigration policy, calling for mass expulsions of undocumented migrants.The administration of President Donald Trump contends one of the women asked for her child to be sent with her."The New Orleans ICE Field Office deported at least two families, including two mothers and their minor children," the National Immigration Project said in a Saturday statement, referring to the Immigration and Customs Enforcement agency.It said the deportations were hastily ordered, and carried out in the early hours of Friday."One of the mothers is currently pregnant," the American Civil Liberties Union (ACLU) said in a separate statement, describing the deportations as "illegal and inhumane."One of the US children removed from the country has "a rare form of metastatic cancer" and was deported without medication or medical consultations, the ACLU said.It added that ICE agents held the families "incommunicado" and failed to facilitate communication between the women and lawyers.- 'Horrifying and baffling' - Gracie Willis of the National Immigration Project said in the statement: "What we saw from ICE over the last several days is horrifying and baffling. Families have been ripped apart unnecessarily.""We should be gravely concerned that ICE has been given tacit approval to both detain and deport US citizen children."In the case of one woman and her two-year-old who were deported to Honduras, Federal District Judge Terry Doughty has set a May 16 hearing "in the interest of dispelling our strong suspicion that the government just deported a US citizen with no meaningful process.""The government contends that this is all okay because the mother wishes that the child be deported with her. But the court doesn't know that," wrote Doughty in a court order dated Friday, highlighting that it is illegal to deport a US citizen.The girl has only been identified by the initials VML.Attorneys for her father filed an emergency request for a temporary restraining order aimed at obtaining the girl's return.The Trump administration has butted heads with federal judges, rights groups and Democrats who say he has trampled or ignored constitutional rights in rushing to deport migrants, sometimes without the right to a hearing.In a post on social media Saturday, Trump claimed that undocumented migrants in the United States were "wreaking havoc like we have never seen before." He dismissed due judicial process around deportations, saying: "It is not possible to have trials for millions and millions of people.""We know who the Criminals are, and we must get them out of the U.S.A. -- and FAST!"On Friday, federal agents arrested a US judge in Wisconsin for allegedly shielding an undocumented migrant.The White House has also defied a Supreme Court ruling that the Trump administration must "facilitate" the return of Maryland resident Kilmar Abrego Garcia, who was mistakenly deported to a maximum security prison in El Salvador.lb/sst/jbr/acb© Agence France-Presse
MUSCAT, Oman (AP) — A massive explosion and fire rocked a port Saturday in southern Iran purportedly linked to a shipment of a chemical ingredient used to make missile propellant, killing 14 people and injuring around 750 others.
A massive explosion at an Iranian port linked to missile fuel shipment kills 14, injures some 750
Bitcoin, XRP surge as Ethereum, Dogecoin struggle: What’s behind crypto’s latest moves? AMBCryptoBitcoin, XRP Prices Edge Up. The Crypto Rally Faces These Threats. Barron'sBitcoin Poised for Strongest Weekly Gain Since Trump Win as ETFs Gobble $2.7B Inflows CoinDeskPrice predictions 4/25: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX TradingViewBitcoin Explodes Past $94K: Trump, Powell, and China Just Lit the Fuse Yahoo
MUSCAT, Oman (AP) — Iran raised the death toll early Sunday from an explosion at a southern port to at least 14 people killed, as some 750 others were injured in the blast. The state-run IRNA news agency and state television offered the figures.
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In AppLovin To Contact Him Directly To Discuss Their OptionsIf you purchased or acquired securities in AppLovin between May 10, 2023 to March 26, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).[You may also click here for additional information]NEW YORK, April 26, 2025 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against AppLovin Corporation ("AppLovin" or the "Company") (NASDAQ:APP) and reminds investors of the May 5, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.As detailed below, the complaint alleges that the Company ...Full story available on Benzinga.com
Increasingly common wildfire smoke has contributed to worsening air quality in Massachusetts, according to a new report that suggests the unhealthy ozone and particle pollution levels are substantially raising health risks for Bay Staters.
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Sana To Contact Him Directly To Discuss Their OptionsIf you purchased or acquired securities in Sana between March 17, 2023 and November 4, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).[You may also click here for additional information]NEW YORK, April 26, 2025 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Sana Biotechnology, Inc. ("Sana" or the "Company") (NASDAQ:SANA) and reminds investors of the May 20, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Sana was at significant risk of having insufficient funds to maintain its current operations and advance one or more of its product candidates; (2) SC291 in oncology, SC379, and SG299 were less promising than Defendants had led investors ...Full story available on Benzinga.com
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Perpetua To Contact Him Directly To Discuss Their OptionsIf you purchased or acquired $50,000 in Perpetua between April 17, 2024 and February 13, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).[You may also click here for additional information]NEW YORK, April 26, 2025 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Perpetua Resources Corp. ("Perpetua" or the "Company") (NASDAQ:PPTA) and reminds investors of the May 20, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.As detailed below, the complaint alleges that ...Full story available on Benzinga.com
But the working farm, recreational center and business park says that it is still looking to expand its offerings.
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Bakkt To Contact Him Directly To Discuss Their OptionsIf you purchased or acquired securities in Bakkt between March 25, 2024 and March 17, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).[You may also click here for additional information]NEW YORK, April 26, 2025 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Bakkt Holdings, Inc. ("Bakkt" or the "Company") (NYSE:BKKT) and reminds investors of the June 2, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.As detailed ...Full story available on Benzinga.com
The U.S. Department of Energy has allocated $46.7 million to Holtec International to support the restart of Michigan's Palisades Nuclear Plant as part of a $1.52 billion federal loan guarantee.
Cheap, U.S.-made electric pickup backed by Bezos launched by startup BNN Bloomberg2027 Slate Truck EV Will Be Very Customizable, Priced Under $28,000 Car and DriverBezos-backed Slate Auto unveils affordable EV truck NBC NewsIs this the antidote to America’s truck bloat problem? The VergeHow Would You Option Your Bargain Electric Truck? Road & Track
New smartphones aren’t cheap and prices could get even higher amid global trade tensions. To save money, consider buying a secondhand device. As each new model release sends consumers rushing to upgrade, they’ll selling or trading in their existing devices,...
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Ultra Clean To Contact Him Directly To Discuss Their OptionsIf you purchased or acquired securities in Ultra Clean between May 6, 2024 and February 24, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).[You may also click here for additional information]NEW YORK, April 26, 2025 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Ultra Clean Holdings, Inc. ("Ultra Clean" or the "Company") (NASDAQ:UCTT) and reminds investors of the May 23, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding ...Full story available on Benzinga.com
But the New Gloucester working farm, recreational center and business park says that it is still looking to expand its offerings.
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Skyworks To Contact Him Directly To Discuss Their OptionsIf you purchased or acquired securities in Skyworks between July 30, 2024 and February 5, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).[You may also click here for additional information]NEW YORK, April 26, 2025 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Skyworks Solutions, Inc. ("Skyworks" or the "Company") (NASDAQ:SWKS) and reminds investors of the May 5, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.According to the ...Full story available on Benzinga.com
SAN JUAN, Puerto Rico, April 26, 2025 (GLOBE NEWSWIRE) -- A recent analysis from GreenBot breaks down the top five AI trends that are already transforming how we interact with technology in 2025. As artificial intelligence continues to blend into the tools we use at work, at home, and across industries, its influence is becoming more noticeable — and more impactful.From independent AI agents to tools that combine text, voice, and visuals, this year's developments signal a major shift in how AI helps people solve real-world problems.Where AI Is Going in 2025The report finds that artificial intelligence is moving from task-based support to full-scale decision-making assistance. These are the standout trends:Multimodal AI is on the rise — Platforms like GPT-4V and Google Gemini combine text, images, audio, and video, helping researchers and city planners manage data from multiple inputs.Generative AI is expanding beyond text — Visual design and code generation ...Full story available on Benzinga.com
SAN DIEGO, April 25, 2025 /PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of AppLovin Corporation (NASDAQ: APP) securities between May 10, 2023 and February 25, 2025, all dates inclusive (the "Class Period"), have until Monday, May...
Epstein Victim Virginia Giuffre Dies By Suicide According To Family Jeffrey Epstein's most prominent victim, Virginia Giuffre, died by suicide on Thursday according to her family - weeks after she said she had 'days to live' and was in renal failure following a collision with a bus.Virginia Giuffre, who accused Prince Andrew of sexual assault, has died, her family said. Pic: Reuters The 41-year-old died in Neergabby, Australia, where she had been living for several years."It is with utterly broken hearts that we announce that Virginia passed away last night at her farm in Western Australia," he family said in a statement to NBC News. "She lost her life to suicide, after being a lifelong victim of sexual abuse and sex trafficking.""Virginia was a fierce warrior in the fight against sexual abuse and sex trafficking. She was the light that lifted so many survivors," the statement continues. "In the end, the toll of abuse is so heavy that it became unbearable for Virginia to handle its weight."Giuffre was one of the earliest Epstein abuse survivors to come out publicly and call for criminal charges against the convicted pedophile, who himself died while in custody awaiting trial on sex trafficking charges - while cameras were mysteriously malfunctioning and guards had 'fallen asleep.'Raised in Florida, Giuffre said she was sexually abused by a family friend, and was eventually groomed by Epstein accomplice Ghislaine Maxwell. Giuffre was abused by Epstein and pals between 1999 and 2002, when she was trafficked to Epstein's powerful friends, including Prince Andrew and French modeling agent Jean-Luc Brunel. Giuffre took legal action against Epstein in 2015, claiming that she was sex trafficked at the age of 16 at various locations - including Epstein's Little St. James island (aka Pedo Island), his New Mexico compound, and Maxwell's home in London, where a notorious photo of her was taken with Prince Andrew - which the Andrew and supporters claim was fabricated.Maxwell - a former British socialite whose father was a suspected agent for Mossad, was found guilty on five counts of sex trafficking in 2021 for her role in recruiting girls to be abused by Epstein and his network.Giuffre sued Prince Andrew in 2021, alleging that he sexually abused her when she was 17. Andrew agreed to settle the case for an undisclosed amount in 2022, and denied all allegations.Brunel, meanwhile, was charged with sexual harassment and rape of a minor in December of 2020. He 'died by suicide' in his jail cell in February 2022 - months after Giuffre appeared in court to advocate for Brunel's victims."I wanted Brunel to know that he no longer has the power over me," Giuffre said, adding "that I am a grown woman now and I’ve decided to hold him accountable for what he did to me and so many others."Giuffre moved to Australia with her husband before Epstein’s 2019 arrest. The couple has three children.Her brother, Danny Wilson, told NBC News she "pushed so hard to snuff the evil out" of the world."Her biggest push was, 'If I don’t do this, nobody’s going to do it,'" he said, regarding her advocacy. "She was in real physical pain — suffered from renal failure. But I think that the mental pain was worse." -NBC NewsAnd for Epstein's network of abusers who are still running around uncharged, another loose end has been tied up. Tyler DurdenFri, 04/25/2025 - 21:58
Sutter Health will pay $228.5 million to settle a long-running antitrust lawsuit alleging its contracting practices drove up health care premiums for millions of Californians.
Is DOGE Creating A "Master Database" To Track And Deport Illegals? The Trump Administration's efforts to finally put controls on the illegal immigration crisis made a substantial impact, but many conservatives feel the process is still not moving fast enough. ICE has arrested and deported an estimated 100,000 -150,000 illegals in the past four months. This is a far cry from the President's call for 1 million deportations in 2025. The true success story has been the southern border - Illegal crossing have plummeted 95% since 2024 and many migrants have chosen to self deport rather than be arrested. Border encounters are currently at 8000 per month, which Border Patrol officials say is the lowest number since records began in the year 2000 and might be the lowest since 1968.The true scale of self-deportations, however, is not clear. This leaves an estimated 17 million illegals still in the US (probably more given Biden's border blitzkrieg since 2021). A vast majority of these people reside in Democrat run sanctuary states and sanctuary cities where welfare programs are plentiful and protection from federal authorities is assumed. Without state and federal coordination the ability of the White House to achieve 1 million deportations per year is limited. That said, rumors are swirling that Elon Musk and DOGE are building a "Master Database" to track and remove migrants from the country using correlated data obtained from multiple agencies from the IRS to the Health Department to Social Security and beyond. CNN recently claimed they have multiple sources familiar with the plans, though these sources are not named. “If they are designing a deportation machine, they will be able to do that,” a former senior IRS employee with knowledge of the plans told CNN.The database would also make it easier for the Trump Administration to block illegals from access to public housing and other public programs, which would take away incentives and compel migrants to exit the country.The idea of data tracking for illegals seems to have a number of Democrats worried. Democratic lawmakers have slammed the plan, claiming DOGE is “rapidly, haphazardly, and unlawfully” exploiting Americans’ personal data. But the concept of mass tracking of citizens (rather than illegal migrants) didn't bother Democrats during the pandemic scare. They fought for years to create a database to track the vaccination status of all Americans. Why are they suddenly bothered by the notion of a database to track people that are in the country illegally?It's obvious that the open border policies of the Biden Administration were at least partially intended to secure a voting majority in the near future; expanding the Democrat base by paying off illegal migrants with government subsidies and eventual amnesty. A number of blue cities and counties have tried to institute voting rights for illegal residents, despite the fact that the media calls immigrant voting a "conspiracy theory". By extension, the mere presence of millions of illegals in blue states adds to their census numbers, which then translates to more seats in Congress. Remove the illegals efficiently and in large enough numbers and the Democratic Party loses leverage in the House. Is this the reason why activist judges have been obstructing DOGE access to agency data at nearly every turn? One could make a case for a "slippery slope" if data collected on a meta-scale was used against legal US citizens (as if this has not already been happening); we all saw how Democrats pushed for such a precedent during Covid and the results would have been disastrous had they gotten what they wanted. But it's hard to make a case for similar privacy protections for migrants who have broken the law and are, by every measure, foreign invaders. Tyler DurdenFri, 04/25/2025 - 21:45
Elon Musk’s XAI Holdings Is in Discussions to Raise $20 Billion Bloomberg.comView Full Coverage on Google News
NEW YORK, April 25, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers or acquirers of common stock of Firsthand Technology Value Fund, Inc. (OTC:SVVC) between January 1, 2021 and November 14, 2023 (the "Class Period"), of the important May 20, 2025 lead plaintiff deadline.SO WHAT: If you purchased Firsthand Technology securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.WHAT TO DO NEXT: To join the Firsthand Technology class action, go to https://rosenlegal.com/submit-form/?case_id=36230 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 20, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, ...Full story available on Benzinga.com
NEW YORK, April 25, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of enCore Energy Corp. (NASDAQ:EU) between March 28, 2024 and March 2, 2025, both dates inclusive (the "Class Period"), of the important May 13, 2025 lead plaintiff deadline.SO WHAT: If you purchased enCore securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.WHAT TO DO NEXT: To join the enCore class action, go to https://rosenlegal.com/submit-form/?case_id=36996 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 13, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. ...Full story available on Benzinga.com
VANCOUVER — A B.C. First Nation that is going to court to try to stop a mining company from raising its tailings dam is now applying for an emergency injunction to put the construction on hold.
VANCOUVER — A B.C. First Nation that is going to court to try to stop a mining company from raising its tailings dam is now applying for an emergency injunction to put the construction on hold. The Xatsull nation announced earlier this month that it had filed a legal challenge over the plan to allow [...]
A Berkeley jewelry designer says she can't just shift her purchasing to American suppliers — they don't exist.
The investor and media personality shares timely advice on the cost of homeownership.
Consumer sentiment plunges 8% CNNUS consumer sentiment sees largest drop since 1990 after Trump tariff chaos The GuardianStock Market Today: Dow Slips, S&P 500, Nasdaq Rise; Tesla, Alphabet, Nvidia, Palantir, More Movers Barron'sAmerican Consumers Serve Up Bleak Outlook on Economy WSJConsumer expectations crater to three-decade low amid Trump tariff chaos Politico
Major stock indexes held firm in the stock market today after three days of bullish gains. Several gold stocks lagged again.The post Stock Market Today: Dow Jones Dips With Trump Tariff Headlines In Focus; Google Spikes On Earnings appeared first on Investor's Business Daily.
PTC (NASDAQ:PTC) has outperformed the market over the past 10 years by 4.61% on an annualized basis producing an average annual return of 14.7%. Currently, PTC has a market capitalization of $18.25 billion. Buying $100 In PTC: If an ...Full story available on Benzinga.com
DELRAY BEACH, Fla., April 25, 2025 /PRNewswire/ -- The US sustainable aviation fuel market is forecasted to reach USD 6.97 billion in 2030 from USD 0.86 billion in 2024, growing at a CAGR of 46.8% according to a new report by MarketsandMarketsTM." The US sustainable aviation fuel market is driven by several key factors. Firstly, rising concerns about carbon emissions have prompted a shift from conventional fossil fuels to alternative fuels in both military and civil aviation, supporting the transition towards more sustainable aviation solutions.View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/sustainable-aviation-fuel-market-70301163.htmlThe US government's commitment to reducing emissions has led to the introduction of tax credits for sustainable aviation fuel, incentivizing production and adoption. Furthermore, airlines like United Air, KLM, and JetBlue have begun integrating sustainable aviation fuel in 50% blends with conventional fuels, demonstrating its feasibility and viability. The successful demonstration by United Airlines, operating the first commercial flight with 100% sustainable aviation fuel, has proven the technology's effectiveness and contributed to its wider acceptance. Lastly, the US government's net-zero emissions target by 2050 and support for sustainable fuel initiatives are expected to lead to price reductions and further increase demand for sustainable aviation fuels.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=70301163Biofuel type accounted for the dominant share of the US sustainable aviation fuel market in 2024.Based on the fuel type, the sustainable aviation fuel market is divided into biofuel, hydrogen fuel, power-to-liquid and gas-to-liquid. In 2024, the biofuel type segment dominated the sustainable aviation fuel market, and the ...Full story available on Benzinga.com
Visualizing AI vs. Human Performance in Technical Tasks Visual Capitalist
A 25% U.S. tariff on pharmaceutical imports would increase U.S. drug costs by nearly $51 billion annually, boosting U.S. prices by as much as 12.9% if passed on, a report commissioned by the industry’s U.S. trade group and reviewed by Reuters shows.
DURHAM, N.C. & MÄNNEDORF, Switzerland--(BUSINESS WIRE)--Apr 25, 2025--
Alphabet Inc. (NADSAQ:GOOGL) shares are trading higher on Friday after the company reported better-than-expected first-quarter earnings on Thursday after the market closed.What To Know: Alphabet reported adjusted earnings per share of $2.81, beating analysts’ estimate of $2.01. In addition, the company reported sales of $90.23 billion, beating analysts’ estimate of $88.87 billion and representing a 12% year-over-year growth.Alphabet attributed the revenue growth to strong performance in Google Search and other, YouTube ads, Google subscriptions, devices and platforms and Google Cloud.The company broke down revenue further. It said Google Services revenue rose 10% to $77.3 billion, driven by higher activity in Search & Other, subscriptions, platforms and devices and YouTube ads. Additionally, Google Cloud ...Full story available on Benzinga.com
PRINCETON, N.J., April 24, 2025 /PRNewswire/ -- Princeton Bancorp, Inc. (the "Company") (NASDAQ - BPRN), the bank holding company for The Bank of Princeton (the "Bank"), today reported its unaudited financial condition and results of operations for the quarter ended...
SHANGHAI, April 24, 2025 /PRNewswire/ -- Horizon Robotics (stock code: 9660.HK), a leading provider of smart driving solutions for passenger vehicles, and Bosch, a leading global supplier of automotive technology and services, signed a Memorandum of Understanding (MoU), to intensify their collaboration.According to the agreement, Bosch will develop its new multi purpose camera based on Horizon Robotics' Journey 6B, and its Bosch ADAS product family for mid segment using the Journey 6E/M, offering enhanced safety, convenience and comfort for both drivers and passengers. Bosch's new multi purpose camera and its ADAS product family for mid segment, have been awarded design-wins from multiple OEMs.At the signing ceremony, in the presence of Mr. Wang Weiliang, President of Bosch Mobility Board China, Mr. Christoph Hartung, President of Bosch Cross-Domain Computing Solutions, and Dr. Yu Kai, Founder and CEO of Horizon Robotics, and Mr. Lyu Peng, Vice President of Horizon Robotics and Head of Strategy, Smart Driving Product Planning & Marketing, Mr. Wu Yongqiao, President of Bosch Cross-Domain Computing Solutions China and Mr. Calvin Xing, Vice President of Horizon Robotics and Vice President of Automotive Business Unit, signed the strategic cooperation MoU.Journey 6B Powered Bosch New Multi Purpose Camera Secures Projects with Several Global and Chinese OEMsDeveloped using Horizon's Journey 6B processing hardware, Bosch's new multi purpose camera offers a cost-effective solution to support advanced safety and comfort functions for SAE Level 2 assisted driving. With mass production scheduled for mid-2026, the new multi purpose camera has already secured several design wins with global and Chinese OEMs.Horizon's Journey 6B is an optimized solution designed for next-generation ADAS systems, focusing on active safety features and engineered specifically as a standard configuration for the industry. Journey 6B allows partners to develop integrated systems that deliver superior performance, optimized cost efficiency and enhanced safety. Bosch ADAS Product Family for Mid Segment Based on Journey 6E/M Secures Projects with Five OEMsBased on Journey 6E/M processing hardware, the Bosch ADAS product family for mid segment enables high-level ADAS features including urban navigation-based assisted driving, supporting up to 10 routes of urban memory driving and parking, and smooth parking with one move parking assist function. Currently, these platforms have secured contracts with five OEMs, including JeTour, Dongfeng, ...Full story available on Benzinga.com
The company's CEO discussed tariff policies in a recent call with investors.
Get to know 2025 40 Under 40 honoree Brittany Farrar, executive director at Youth Villages.
Stocks, dollar eye weekly rise on Trump's tariff backdown ReutersAsia-Pacific markets climb as investors assess a possible thaw in U.S.-China trade war CNBCStocks Rise on Easing Trade War, Rate-Cut Hopes: Markets Wrap Bloomberg.comAsian Shares Soar After Wall Street Rallies Into a 3rd Day U.S. News & World ReportAsian Markets Mixed as Diverging Tariff Signals Weigh WSJ
Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google is at a critical juncture in its evolution, with industry experts like Gene Munster questioning whether the tech giant can adapt to the AI-driven future or risk being left behind like eBay Inc. (NASDAQ:EBAY).What Happened: During Alphabet's first-quarter 2025 earnings call on Thursday, Philipp Schindler, Google's chief business officer, highlighted the growing adoption of AI overviews, a feature that summarizes search results using AI. "We've continued our efforts to help more people ask entirely new questions, bringing more opportunities for businesses to connect with consumers," Schindler said, adding that the feature is now available in over 15 languages across 40 nations.He also noted that AI overviews are now being used by more than 1.5 billion users worldwide.See Also: Ford Recalls Nearly 150,000 Vehicles Over Brake And Powertrain Issues: NHTSAHowever, the rollout of this feature has not led to significant improvements in monetization. Schindler said that AI overviews continue to generate revenue at the same rate as before.“On the ads in AI Overviews, late ...Full story available on Benzinga.com
How Trump team turned a dinner invite into a crypto boon worth millions The Washington PostTrump crypto soars as president offers dinner to top holders BBCTrump's meme coin, which had fizzled in value, surges after offer of dinner with the president CBS NewsTrump Offers a Private Dinner to Top 220 Investors in His Memecoin The New York TimesHow Trump Just Made His Own Cryptocurrency Value Skyrocket The New Republic
First Tariff Shock Set To Hit Port Of Los Angeles, With Ripple Effects Across The Broader Economy Ocean freight transit times from Shanghai to Los Angeles typically range from 14 to 40 days, with faster services—such as CMA CGM's expedited routes—delivering containers in as little as three weeks. With 145% tariffs now applied to most Chinese imports, the full economic impact will likely emerge with a lag of about a month or more as reduced import volumes and supply chain disruptions begin to take effect. Early high-frequency indicators already suggest those disruptions are imminent.Let's review the key trade war developments since President Trump, following "Liberation Day" on April 2, announced a tsunami of tariff hikes on Chinese imports to 145% on April 11.Amazon Cancels Orders, Walmart Pulls Forecast As Tariffs Take HoldAre China Road Traffic Indicators Set To Collapse As Tariff War Cancels Factory OrdersChinese Sellers On Amazon Panic After Trump's Tariff BazookaLiberation Day Fallout: China's Port Volumes Sink After Trump's Tariff BlitzChinese Plastics Factories Face Mass Closure As U.S. Ethane Supply EvaporatesOn Wednesday, new data from Port Optimizer, a tracking system for vessel operators, showed that scheduled import volumes into the Port of Los Angeles are set to decline sharply beginning on Sunday.Adding to the conversation, FreightWaves CEO Craig Fuller posted on X that trucking activity at the LA Port, the largest container port in the Western Hemisphere, has just plunged ..."Year-over-year trucking activity out of Los Angeles down 23%. It will likely drop to 50% in the coming weeks if there isn't trade war resolution," Fuller said. Year-over-year trucking activity out of Los Angeles down 23%.It will likely drop to 50% in the coming weeks if there isn't trade war resolution.Massive layoffs coming to the West Coast trucking sector pic.twitter.com/rLiow0xmoV— Craig Fuller 🛩🚛🚂⚓️ (@FreightAlley) April 24, 2025He warned: "Massive layoffs coming to the West Coast trucking sector." The incoming disruption at Port LA will soon result in sliding containerized flows from China, which will ripple through the Southern California economy.Here's how the disruption could unfold:Plunging Container Volumes Volume Drop: A decline in imports would slash throughput at the port, disrupting operations that rely on consistent traffic for profitability.Revenue Hit: The Port of LA, which generates revenue through container handling fees, leases, and other port services, would face a significant decline in income.Job LossesDockworkers & Terminal Staff: ILWU labor hours would be cut; possible layoffs or furloughs.Truckers & Warehouse Workers: Major layoffs in the Inland Empire's massive logistics hub (Ontario, Riverside, etc.)—home to over 200 million square feet of warehousing.Broader Economic Fallout (Southern California)The logistics sector is the largest private employer in the Inland Empire. A large drop in volume could collapse parts of the warehouse economy.Retail & Consumer Ripple EffectsHigher costs and shortages for imported goods would pressure retailers and consumers alike.Port DiversionsShippers would increasingly reroute to Mexican and Canadian ports, bypassing LA entirely.Companies could shift sourcing to Mexico or other non-tariffed nations, reducing LA's role as a China-facing import hub.While the first wave of disruptions is materializing at Port LA and could soon ripple across the Inland Empire and then the Heartland, across the Pacific, high tariffs on Chinese goods have already sent factories in the world's second-largest economy into a tailspin, as per a new Financial Times report:Wang Xin, head of the Shenzhen Cross-Border E-Commerce Association, an industry group representing more than 2,000 Chinese merchants, said many of them were "extremely anxious" and had told factories and suppliers to halt or delay deliveries. This had prompted some factories to suspend production for one to two weeks, she said.. . . It is unclear how widespread the factory suspensions are, said Han Dongfang, founder of China Labour Bulletin, which closely tracks Chinese manufacturing and labor. "The rearrangement of China's manufacturing sector will be a long-term process and workers will be sacrificed," he said.What's telling is that the Trump administration is bracing for impact and has likely viewed this port data as new signs emerge of possible de-escalation of the trade war with China.The White House has put itself and the country in a bad situation but doesn’t realize it yet.Around April 10th China to USA trade shut down.It takes ~30 days for containers to go from China to LA.45 to Houston by sea, 45 to Chicago by train.55 to New York by sea.That... pic.twitter.com/8vnGDMWCpt— molson 🧠⚙️ (@Molson_Hart) April 24, 2025On Tuesday, Treasury Secretary Bessent told investors at a closed-door meeting: "No one thinks the current status quo is sustainable, at 145% and 125%, so I would posit that over the very near future, there will be a de-escalation. We have an embargo now on both sides."Bessent stated earlier this week that a trade deal could take two to three years to finalize.President Trump has noted on several occasions that there will be "little disturbance" and "short-term interruption" when the tariffs kick in. Trump says there will be 'a little disturbance' when tariffs kick in: 'We're OK with that, it won't be much' https://t.co/rkGcItbCL5 pic.twitter.com/ZOLSWwt9WA— New York Post (@nypost) March 5, 2025“There will be a short term interruption... I don’t think it’s going to be big.” “There will be disruption”... Is President Trump preparing us for the Mass Start Awakening? pic.twitter.com/UfQX2ehiFG— VAL THOR (@CMDRVALTHOR) March 8, 2025The adjustment period seems imminent. Even before it fully arrives, Americans are already panic-searching for "USA products."It's time to break the nation's addiction to cheap Chinese goods and restore critical supply chains—an essential step to securing economic dominance in 2030 and beyond. Without these supply chains to produce drones, smartphones, chips, electric vehicles, and humanoid robots (all under similar ecosystems of production), it will be impossible to compete with China in the decades ahead. The adjustment period nears. Tyler DurdenThu, 04/24/2025 - 22:35
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GETTYSBURG, Pa., April 24, 2025 (GLOBE NEWSWIRE) -- ACNB Corporation (NASDAQ: ACNB) ("ACNB" or the "Corporation"), financial holding company for ACNB Bank and ACNB Insurance Services, Inc., announced a net loss of $272 thousand, or $0.03 diluted loss per share, for the three months ended March 31, 2025 compared to net income of $6.8 million, or $0.80 diluted earnings per share, for the three months ended March 31, 2024 and compared to net income of $6.6 million, or $0.77 diluted earnings per share, for the three months ended December 31, 2024.Financial results for the three months ended March 31, 2025 were impacted by two discrete items that were related to the acquisition of Traditions Bancorp, Inc. ("Traditions"): a provision for credit losses on non- purchase credit deteriorated ("PCD") loans of $4.2 million, net of taxes, and merger-related expenses, net of taxes, totaling $6.2 million.2025 First Quarter HighlightsACNB closed the acquisition of Traditions effective February 1, 2025 ("Acquisition"). This strategic acquisition will result in a premier community bank that is locally headquartered, managed, and focused.Traditions contributed, after acquisition accounting adjustments, $877.7 million in assets, $648.5 million in loans and $741.5 million in deposits at the Acquisition date.Fully taxable equivalent ("FTE") net interest margin was 4.07% for the three months ended March 31, 2025 compared to 3.81% for the three months ended December 31, 2024 and 3.77% for the three months ended March 31, 2024. The accretion impact of acquisition accounting adjustments on loans and deposits from the Acquisition was $1.5 million for the three months ended March 31, 2025.The allowance for credit losses was $24.6 million at March 31, 2025 compared to $17.3 million at December 31, 2024 and $20.2 million at March 31, 2024. The increases from both prior periods were driven primarily by an initial allowance for credit losses of $5.5 million for non-PCD loans and $1.5 million for accruing PCD loans at the Acquisition date.Tangible common equity to tangible assets ratio1 of 9.33% at March 31, 2025 compared to 10.72% at December 31, 2024 and 9.61% at March 31, 2024. The net unrealized loss on the available for sale securities portfolio was $39.7 million at March 31, 2025 compared to a net unrealized loss of $47.7 million at December 31, 2024 and a net unrealized loss of $53.0 million at March 31, 2024.As announced on Form 8-K on April 23, 2025, the Board of Directors approved and declared a regular quarterly cash dividend of $0.34 per share of ACNB Corporation common stock for the second quarter, reflecting a $0.02, or 6.3%, increase over the same quarter of 2024. ACNB repurchased 75,872 shares of ACNB common stock in open market transactions during the three months ended March 31, 2025."At ACNB Corporation, we remain focused on executing our strategic plan to be the community bank of choice in the markets that we serve by building relationships and finding solutions for our customers. As a result, we are pleased to share our first quarter operating results. The quarter represents a solid start to a new year and exciting opportunities for our future," said James P. Helt, ACNB Corporation President and Chief Executive Officer."We are pleased and excited to welcome Traditions Bancorp, Inc. shareholders, employees and customers to the ACNB family as we successfully completed our acquisition in the first quarter. In addition, at the close of the acquisition, three former Traditions directors, Eugene J, Draganosky, Elizabeth F. Carson and John M. Polli joined the Boards of Directors of ACNB Corporation and ACNB Bank. We believe this combination brings together organizations that are unified by a shared vision to banking to create an even stronger community bank and substantially enhance our presence in York and Lancaster counties."Mr. Helt continued, "We are cautiously optimistic for the remainder of 2025 in spite of the uncertain economic headwinds as a result of ongoing tariff turmoil. We are not only focused on the challenges, but also the exciting opportunities that lie ahead and are fully committed to the continued growth and profitability of ACNB Corporation and to enhancing long term shareholder value."Acquisition UpdateDuring the first quarter of 2025, ACNB acquired Traditions, holding company for Traditions Bank, York, Pennsylvania. Traditions was merged with and into a wholly-owned subsidiary of ACNB Corporation immediately followed by the merger of Traditions Bank with and into ACNB Bank effective February 1, 2025. ACNB Bank is operating the former Traditions Bank offices as "Traditions Bank, A Division of ACNB Bank". The acquisition method of accounting was used to account for the acquisition. ACNB recorded the assets and liabilities of Traditions at their respective fair values as of February 1, 2025. The transaction was valued at approximately $83.8 million and substantially expanded ACNB's footprint in the York and Lancaster, Pennsylvania markets. Traditions contributed, after acquisition accounting adjustments, $877.7 million in assets, $648.5 million in loans and $741.5 million in deposits at the Acquisition date. The excess of the merger consideration over the fair value of Traditions assets acquired and liabilities assumed resulted in goodwill of $20.3 million.As of March 31, 2025, total acquisition accounting adjustments on loans were $24.5 million. The majority of the loan acquisition accounting adjustments are expected to accrete back through as income as loans pay off or mature. Total acquisition accounting adjustments on time deposits were $226 thousand as of March 31, 2025. The acquisition accounting adjustments on time deposits are expected to amortize as an expense over the life of the time deposits. The core deposit intangible was $18.3 million as of March 31, 2025.________________________________________1 Non-GAAP financial measure. Please refer to the calculation on the page titled "Non-GAAP Reconciliation" at the end of this document.The core deposit intangible is expected to amortize as an expense over an expected life of 10 years using sum of the year's digits method. The acquisition accounting adjustments are subject to refinement for up to one year from the acquisition date as allowable by U.S. Generally Accepted Accounting Principles ("GAAP").ACNB recorded an allowance for credit losses of $6.9 million at the Acquisition date, comprised of $5.5 million for non-PCD loans, which was recognized through the provision for credit losses, and $1.5 million for accruing PCD loans, which was recognized as an acquisition accounting adjustment to the amortized cost basis of the acquired loans.ACNB completed, following the Acquisition date, the sale of approximately $98.0 million of Traditions' investments with a yield of 5.03%. With the proceeds from the sale, ACNB paid off $40.2 million of Federal Home Loan Bank ("FHLB") borrowings with a cost of 4.73% and invested the remainder of the proceeds into investment securities with a yield of 5.07%.ACNB's financial results for any periods ended prior to February 1, 2025 reflect ACNB on a standalone basis. As a result, ACNB's financial results for the three months ended March 31, 2025 may not be directly comparable to prior reported periods.Net Interest Income and MarginNet interest income for the three months ended March 31, 2025 totaled $27.1 million, an increase of $6.5 million from the three months ended March 31, 2024 and an increase of $6.0 million from the three months ended December 31, 2024. The increases were driven primarily by the Acquisition. The FTE net interest margin for the three months ended March 31, 2025 was 4.07%, a 30 basis points increase from the three months ended March 31, 2024 and a 26 basis points increase from the three months ended December 31, 2024. The accretion impact of acquisition accounting adjustments on loans and deposits from the Acquisition was $1.5 million for the three months ended March 31, 2025. For the three months ended March 31, 2025, total average loans increased $499.3 million compared to three months ended March 31, 2024 and increased $461.3 million compared to the three months ended December 31, 2024. The yield on total loans was 6.08% for the three months ended March 31, 2025, an increase of 71 basis points compared to the three months ended March 31, 2024 and an increase of 47 basis points from the three months ended December 31, 2024. The increases in total average loans and yields on total loans were driven primarily by the Acquisition. For the three months ended March 31, 2025, total average interest-bearing deposits increased $421.8 million from the three months ended March 31, 2024 and increased $406.8 million from the three months ended December 31, 2024. The average rate paid on interest-bearing deposits was 1.38% for the three months ended March 31, 2025, an increase of 73 basis points from the three months ended March 31, 2024 and an increase of 42 basis points from the three months ended December 31, 2024. The increases in average interest-bearing deposits and average rate paid on interest-bearing deposits were driven primarily by the Acquisition. For the three months ended March 31, 2025, total average noninterest-bearing demand deposits increased $26.3 million from the three months ended March 31, 2024 and increased $48.0 million from the three months ended December 31, 2024. The increase in total average noninterest-bearing demand deposits was driven primarily by the Acquisition.Noninterest IncomeNoninterest income for the three months ended March 31, 2025 was $7.2 million, an increase of $1.5 million from the three months ended March 31, 2024 and an increase of $1.4 million from the three months ended December 31, 2024. Gain from mortgage loans held for sale for the three months ended March 31, 2025 was $855 thousand, an increase $807 thousand from the three months ended March 31, 2024 and increase of $748 thousand from the three months ended December 31, 2024. Earnings on investment in bank-owned life insurance for the three months ended March 31, 2025 was $580 thousand, an increase of $103 thousand from the three months ended March 31, 2024 and increase of $74 thousand from the three months ended December 31, 2024. The increases in gain from mortgage loans held for sale and earnings on investment in bank-owned life insurance for three months ended March 31, 2025 compared to the three months ended March 31, 2024 and three months ended December 31, 2024 were driven primarily by the Acquisition. Wealth management income was $1.1 million for the three months ended March 31, 2025, an increase of $98 thousand from three months ended March 31, 2024 and an increase of $53 thousand from the three months ended December 31, 2024. The increases in wealth management income were driven primarily by increased sales activity and market performance. Gain on life insurance proceeds was $254 thousand for the three months ended March 31, 2025 as a result of a death benefit paid on a life insurance policy.Noninterest ExpenseNoninterest expense for the three months ended March 31, 2025 increased $11.7 million from the three months ended March 31, 2024 and increased $10.9 million from the three months ended December 31, 2024. The increases were driven primarily by the Acquisition. Merger-related expense totaled $8.0 million for the three months ended March 31, 2025 compared to none for the three months ended March 31, 2024 and $885 thousand for the three months ended December 31, 2024. Salaries and employee benefits expense increased $1.7 million during the three months ended March 31, 2025 compared to the three months ended March 31, 2024 and increased $2.5 million compared to three months ended December 31, 2024 driven primarily by higher base wages as a result of the Acquisition, higher restricted stock compensation and higher payroll taxes. Net occupancy increased $312 thousand for the three months ended March 31, 2025 compared to the three months ended March 31, 2024 and increased $346 thousand compared to three months ended December 31, 2024 driven primarily by the Acquisition and higher snow removal costs. Equipment expense increased $551 thousand for the three months ended March 31, 2025 compared to the three months ended March 31, 2024 driven primarily by the Acquisition. Equipment expense decreased $44 thousand for the three months ended March 31, 2025 compared to the three months ended December 31, 2024 as the prior quarter included incremental expenses of $355 thousand for the purchase of office equipment related to Acquisition. Intangible assets amortization increased $536 thousand during the three months ended March 31, 2025 compared to the three months ended March 31, 2024 and increased $553 thousand compared to the three months ended December 31, 2024 driven by the Acquisition.Loans and Asset QualityTotal loans outstanding were $2.32 billion at March 31, 2025, an increase of $639.3 million from December 31, 2024 and an increase of $657.2 million from March 31, 2024. The increases from both December 31, 2024 and March 31, 2024 were driven primarily by the Acquisition. The allowance for credit losses was $24.6 million at March 31, 2025, an increase of $7.4 million compared to December 31, 2024 and $4.5 million compared to March 31, 2024. The increase was driven primarily by an initial $5.5 million allowance for credit losses for non-PCD loans, which was recognized through the provision for credit losses, and a $1.5 million allowance for credit loss for accruing PCD loans, which was recognized as an acquisition accounting adjustment to the amortized cost basis of the acquired loans, at the Acquisition date. Reversal of $480 thousand was booked to unfunded commitments for the three months ended March 31, 2025 compared to a provision of $44 thousand and a reversal of $151 thousand for the three months ended December 31, 2024 and March 31, 2024, respectively.Non-performing loans were $10.0 million, or 0.43%, of total loans, net of unearned income, at March 31, 2025 compared to $6.8 million, or 0.40%, of total loans at December 31, 2024 and $3.9 million, or 0.24%, of total loans at March 31, 2024. The increase in non-performing loans at March 31, 2025 compared to March 31, 2024 was driven primarily by one long-standing commercial relationship in the healthcare industry, comprised of both owner-occupied commercial real estate and commercial and industrial loans, that moved into non-performing loan status during 2024 and by the Acquisition. The increase in non-performing loans at March 31, 2025 compared to the three months ended December 31, 2024 was driven primarily by the Acquisition. Annualized net charge-offs for the three months ended March 31, 2025 were 0.01% of total average loans compared to 0.04% for the three months ended December 31, 2024 and 0.00% for the three months ended March 31, 2024.Deposits and BorrowingsTotal deposits totaled $2.54 billion at March 31, 2025, an increase of $747.5 million from December 31, 2024 and an increase of $704.8 million from March 31, 2024. Included in total deposits at March 31, 2025 were $1.98 billion of interest-bearing deposits, which increased $636.3 million from December 31, 2024 and increased $641.7 million from March 31, 2024. Time deposits, included in interest-bearing deposits, increased $204.1 million and $219.8 million since December 31, 2024 and March 31, 2024, respectively. In January 2025, ACNB Bank issued $20.0 million in brokered time deposits to offset seasonal fluctuations in commercial deposits during the quarter, and ACNB assumed, as a result of the Acquisition, $15.0 million of brokered time deposits of which $5.0 million matured in February 2025. Total noninterest-bearing deposits were $562.7 million at March 31, 2025 compared to $451.5 million at December 31, 2024 and $499.6 million at March 31, 2024. The increases in total deposits, interest-bearing deposits, time deposits and noninterest-bearing deposits were driven primarily by the Acquisition.Total borrowings were $299.5 million at March 31, 2025, an increase of $28.4 million compared to December 31, 2024 and an increase of $26.9 million compared to March 31, 2024. The increases in total borrowings were driven primarily by general balance sheet management.Stockholders' EquityTotal stockholders' equity was $386.9 million at March 31, 2025 compared to $303.3 million at December 31, 2024 and $279.9 million at March 31, 2024. The increase at March 31, 2025 compared to December 31, 2024 and March 31, 2025 was driven primarily by the equity issued in the Acquisition slightly offset by dividends paid of $3.4 million, common stock repurchased of $3.1 million and a $272 thousand net loss for the three months ended March 31, 2025. Tangible book value1 per share was $28.23, $29.51 and $26.70 at March 31, 2025, December 31, 2024 and March 31, 2024, respectively. ACNB repurchased 75,872 shares of ACNB common stock in open market transactions during the three months ended March 31, 2025. As of March 31, 2025, there were 111,795 shares remaining under the current previously disclosed plan.________________________________________1 Non-GAAP financial measure. Please refer to the calculation on the page titled "Non-GAAP Reconciliation" at the end of this document.About ACNB CorporationACNB Corporation, headquartered in Gettysburg, PA, is the $3.27 billion financial holding company for the wholly-owned subsidiaries of ACNB Bank, Gettysburg, PA, and ACNB Insurance Services, Inc., Westminster, MD. Originally founded in 1857, ACNB Bank serves its marketplace with banking and wealth management services, including trust and retail brokerage, via a network of 33 community banking offices and one loan office located in the Pennsylvania counties of Adams, Cumberland, Franklin, Lancaster and York, and the Maryland counties of Baltimore, Carroll and Frederick. ACNB Insurance Services, Inc. is a full-service insurance agency with licenses in 46 states. The agency offers a broad range of property, casualty, health, life and disability insurance serving personal and commercial clients through office locations in Westminster, MD and Gettysburg, PA. For more information regarding ACNB Corporation and its subsidiaries, please visit investor.acnb.com.SAFE HARBOR AND FORWARD-LOOKING STATEMENTS - Should there be a material subsequent event prior to the filing of the Quarterly Report on Form 10-Q with the Securities and Exchange Commission, the financial information reported in this press release is subject to change to reflect the subsequent event. In addition to historical information, this press release may contain forward-looking statements. Examples of forward-looking statements include, but are not limited to, (a) projections or statements regarding future earnings, expenses, net interest income, other income, earnings or loss per share, asset mix and quality, growth prospects, capital structure, and other financial terms, (b) statements of plans and objectives of Management or the Board of Directors, and (c) statements of assumptions, such as economic conditions in the Corporation's market areas. Such forward-looking statements can be identified by the use of forward-looking terminology such as "believes", "expects", "may", "intends", "will", "should", "anticipates", or the negative of any of the foregoing or other variations thereon or comparable terminology, or by discussion of strategy. Forward-looking statements are subject to certain risks and uncertainties such as national, regional and local economic conditions, competitive factors, and regulatory limitations. Actual results may differ materially from those projected in the forward-looking statements. Such risks, uncertainties, and other factors that could cause actual results and experience to differ from those projected include, but are not limited to, the following: short-term and long-term effects of inflation and rising costs on the Corporation, customers and economy; banking instability caused by bank failures and financial uncertainty of various banks which may adversely impact the Corporation and its securities and loan values, deposit stability, capital adequacy, financial condition, operations, liquidity, and results of operations; effects of governmental and fiscal policies, as well as legislative and regulatory changes; effects of new laws and regulations (including laws and regulations concerning taxes, banking, securities and insurance) and their application with which the Corporation and its subsidiaries must comply; impacts of the capital and liquidity requirements of the Basel III standards; effects of changes in accounting policies and practices, as may be adopted by the regulatory agencies, as well as the Financial Accounting Standards Board and other accounting standard setters; ineffectiveness of the business strategy due to changes in current or future market conditions; future actions or inactions of the United States government, including the effects of short-term and long-term federal budget and tax negotiations and a failure to increase the government debt limit or a prolonged shutdown of the federal government; effects of economic conditions particularly with regard to the negative impact of any pandemic, epidemic or health-related crisis and the responses thereto on the operations of the Corporation and current customers, specifically the effect of the economy on loan customers' ability to repay loans; effects of competition, and of changes in laws and regulations on competition, including industry consolidation and development of competing financial products and services; inflation, securities market and monetary fluctuations; risks of changes in interest rates on the level and composition of deposits, loan demand, and the values of loan collateral, securities, and interest rate protection agreements, as well as interest rate risks; difficulties in acquisitions and integrating and operating acquired business operations, including information technology difficulties; challenges in establishing and maintaining operations in new markets; effects of technology changes; effects of general economic conditions and more specifically in the Corporation's market areas; failure of assumptions underlying the establishment of reserves for credit losses and estimations of values of collateral and various financial assets and liabilities; acts of war or terrorism or geopolitical instability; disruption of credit and equity markets; ability to manage current levels of impaired assets; loss of certain key officers; ability to maintain the value and image of the Corporation's brand and protect the Corporation's intellectual property rights; continued relationships with major customers; and, potential impacts to the Corporation from continually evolving cybersecurity and other technological risks and attacks, including additional costs, reputational damage, regulatory penalties, and financial losses. Management considers subsequent events occurring after the balance sheet date for matters which may require adjustment to, or disclosure in, the consolidated financial statements. The review period for subsequent events extends up to and including the filing date of the Corporation's consolidated financial statements when filed with the SEC. Accordingly, the financial information in this announcement is subject to change. We caution readers not to place undue reliance on these forward-looking statements. They only reflect Management's analysis as of this date. The Corporation does not revise or update these forward-looking statements to reflect events or changed circumstances. Please carefully review the risk factors described in other documents the Corporation files from time to time with the SEC, including the Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. Please also carefully review any Current Reports on Form 8-K filed by the Corporation with the SEC.ACNB #2025-10April 24, 2025 ACNB Corporation Financial HighlightsSelected Financial Data by Respective Quarter End(Unaudited) (Dollars in thousands, except per share data)March 31, 2025December 31, 2024September 30, 2024June 30, 2024March 31, 2024BALANCE SHEET DATA Assets$ 3,270,041 $ 2,394,830 $ 2,420,914 $ 2,457,753 $ 2,414,288 Investment securities 521,306 459,472 483,604 483,868 490,626 Total loans, net of unearned income 2,322,209 1,682,910 1,677,112 1,679,600 1,664,980 Allowance for credit losses (24,646) (17,280) (17,214) (17,162) (20,172) Deposits 2,540,009 1,792,501 1,791,317 1,838,588 1,835,224 Allowance for unfunded commitments 1,883 1,394 1,349 1,310 1,569 Borrowings 299,531 271,159 293,091 304,286 272,605 Stockholders' equity 386,883 303,273 306,755 289,331 279,920 INCOME STATEMENT DATA Interest and dividend income$ 36,290 $ 27,381 $ 27,241 $ 26,869 $ 25,974 Interest expense 9,200 6,269 6,299 5,905 5,381 Net interest income 27,090 21,112 20,942 20,964 20,593 Provision for (reversal of) credit losses 5,968 249 81 (2,990) 223 (Reversal of) provision for unfunded commitments (480) 44 40 (259) (151) Net interest income after provisions for (reversal of) credit losses and unfunded commitments 21,602 20,819 20,821 24,213 20,521 Noninterest income 7,184 5,803 6,833 6,427 5,667 Noninterest expenses 29,335 18,388 18,244 16,391 17,662 (Loss) income before income taxes (549) 8,234 9,410 14,249 8,526 Income tax (benefit) expense (277) 1,639 2,206 2,970 1,758 Net (loss) income$ (272) $ 6,595 $ 7,204 $ 11,279 $ 6,768 PROFITABILITY RATIOS Total loans, net of unearned income to deposits 91.43 % 93.89 % 93.62 % 91.35 % 90.72 %Return on average assets (annualized) (0.04) 1.08 1.17 1.86 1.12 Return on average equity (annualized) (0.31) 8.57 9.63 16.12 9.76 Efficiency ratio1 60.13 63.83 60.56 58.61 66.18 FTE Net interest margin 4.07 3.81 3.77 3.82 3.77 Yield on average earning assets 5.45 4.93 4.90 4.89 4.74 Yield on investment securities 2.91 2.58 2.59 2.65 2.70 Yield on total loans 6.08 5.61 5.56 5.53 5.37 Cost of funds 1.45 1.19 1.19 1.12 1.02 PER SHARE DATA Diluted (loss) earnings per share$ (0.03) $ 0.77 $ 0.84 $ 1.32 $ 0.80 Cash dividends paid per share 0.32 0.32 0.32 0.32 0.30 Tangible book value per share1 28.23 29.51 29.90 27.82 26.70 CAPITAL RATIOS2Tier 1 leverage ratio 11.81 % 12.52 % 12.46 % 12.25 % 11.91 %Common equity tier 1 ratio 13.65 16.27 16.07 15.78 15.40 Tier 1 risk based capital ratio 13.86 16.56 16.36 16.07 15.69 Total risk based capital ratio 15.45 18.36 18.15 17.86 17.68 CREDIT QUALITY Net charge-offs to average loans outstanding (annualized) 0.01 % 0.04 % 0.01 % 0.00 % 0.00 %Total non-performing loans to total loans, net of unearned income3 0.43 0.40 0.39 0.19 0.24 Total non-performing assets to total assets4 0.32 0.30 0.29 0.14 0.18 Allowance for credit losses to total loans, net of unearned income 1.06 1.03 1.03 1.02 1.21 ________________________________________1 Non-GAAP financial measure. Please refer to the calculation on the page titled "Non-GAAP Reconciliation" at the end of this document.2 Regulatory capital ratios as of March 31, 2025 are preliminary.3 Non-performing Loans consists of loans on nonaccrual status and loans greater than 90 days past due and still accruing interest.4 Non-performing Assets consists of Non-performing Loans and Foreclosed assets held for resale. Consolidated Statements of Condition(Unaudited) (Dollars in thousands, except per share data)March 31, 2025December 31, 2024March 31, 2024ASSETS Cash and due from banks$ 23,422 $ 16,352 $ 17,395 Interest-bearing deposits with banks 100,141 Full story available on Benzinga.com
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Merck & Co. Inc (NYSE:MRK) reported the first-quarter 2025 adjusted earnings of $2.22 per share, up 7% year over year (+12% on constant currency), beating the consensus of $2.14.Merck reported quarterly sales of $15.53 billion, beating the consensus of $15.31 billion.Sales declined 2% on a reported basis but increased 1% on a constant currency basis.Also Read: Merck Signs Nearly $500 Million Licensing Deal With Austria-Based Cyprumed For Tablet-Based Peptide DeliveryThe pharmaceutical unit booked $13.64 billion in revenue, down 3% year over year (-1% excluding exchange), driven by declines in vaccines, virology, and immunology, partially offset by growth in oncology, cardiology, and diabetes.Keytruda sales increased 4% (+6% on constant currency) to $7.21 billion, driven by increased global uptake in Full story available on Benzinga.com
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European officials say they’re optimistic a trade deal can be reached with President Donald Trump, warning of significant economic harm to both Europe and the U.S. if it isn’t. The European Union and U.S. are engaged in tense negotiations to try to reach a trade deal so that U.S. tariffs on EU goods announced by Trump, and EU countermeasures, can be avoided.European officials say they’re optimistic a trade deal can be reached with U.S. President Donald Trump, warning of significant economic harm to both Europe and the U.S. if an agreement isn’t agreed and full-scale tariffs are introduced.“I do believe an agreement can be reached, but at the same time, I do know we have lots of work that we have to do in order to get to that point,” Pascal Donohoe, president of the Eurogroup and finance minister of Ireland, told CNBC on Wednesday.“If we use the time ahead wisely, we can at least create a framework in which we can avoid measures being taken on both sides of the Atlantic that could harm ourselves, harm Europe and harm America,” he said on the sidelines of the International Monetary Fund and World Bank spring meetings in Washington.The European Union and U.S. are engaged in tense negotiations to reach a trade deal so that U.S. tariffs on EU goods announced by Trump, and EU countermeasures, can be avoided.Trump initially imposed a 20% “reciprocal” tariff on all goods coming from the EU but paused the measures for 90 days for negotiations, lowering the duty to 10% until that time. A 25% tariff on foreign cars and steel and aluminum imports remains in place.The EU paused its retaliatory duty targeting 21 billion euros ($24.1 billion) worth of U.S. goods “to allow time and space for EU-U.S. negotiations,” the European Commission said.Talks have not yet yielded any tangible compromises or results, European officials say, and the backdrop to discussions likely soured further on Wednesday after the EU fined U.S. tech behemoths Apple and Meta hundreds of millions of euros each for breaching the bloc’s digital competition laws.The EU insists that its trade in goods and services with the U.S. is reasonably balanced. Data from the European Commission, the executive arm of the EU, said the bloc had a trade surplus of 155.8 billion euros ($176.7 billion) with the U.S. for goods in 2023, but ran a 104 billion euro deficit on services. Overall, EU-U.S. trade in goods and services in 2023 was worth 1.6 trillion euros, according to the EU.Machinery and vehicles make up the largest chunk of EU exports to the U.S. by product group, followed by chemicals, other manufactured goods and medicinal and pharmaceutical products. Spain’s Finance Minister Carlos Cuerpo told CNBC that any failure to reach a deal would be harmful for both Europe and the U.S., with more than 4 billion euros’ ($5.1 billion) worth of trade in goods and services a day at stake.“We need to engage in an open and frank conversation amongst the two sides of the Atlantic, because there’s a lot to lose if we do not get into a fair and balanced agreement,” Cuerpo told CNBC’s Carolin Roth in Washington.“There is this specific figure, of 4.5 billion euros on a daily basis across the Atlantic in terms of trade in goods and services — that’s a treasure that we need to protect,” he noted.“It is [important] how we face these negotiations from the EU side, with an extended hand, to reach an agreement. But it has to be a fair agreement. Let’s not forget that under the current situation, most of the tariffs that were imposed by the U.S. administration are already in place and affecting our companies.”Eelco Heinen, finance minister of the Netherlands, slammed tariffs as a taxation on goods that is “so bad for consumers” and would cause businesses to pause investment.Major headwindsOn Tuesday, the IMF had warned that trade tariffs announced by President Donald Trump pose major headwinds for the U.S. and global economy in 2025.In its April 2025 World Economic Outlook., the IMF forecast a U.S. growth outlook of 1.8% in 2025, down 0.9 percentage points from its January forecast. The fund also cut its global growth forecast to 2.8% this year, down 0.5 percentage points from its previous estimate.The fund predicted a slight decline in the euro zone, forecasting that euro area GDP will hit 0.8% in 2025, before picking up modestly to 1.2% in 2026.It singled out Spain as a bright spot in the region, stating its growth momentum “contrasts with the sluggish dynamics elsewhere,” with the Mediterranean nation expected to expand its economy by 2.5% this year following an upward revision of 0.2 percentage points from the forecast made in January.“This reflects a large carryover from better-than-expected outturns in 2024 and reconstruction activity following floods,” the IMF said.These were the fund’s “reference forecasts” for global economic growth and inflation, which is based on data available as of April 4 — including the U.S.’ “reciprocal” tariffs but excluding subsequent developments like the 90-day pause on higher rates.— CNBC’s Hakyung Kim contributed reporting to this story
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Stock futures slipped Thursday after the major averages posted a second straight winning day.Futures linked to the S&P 500 were down 0.5%, while Nasdaq-100 futures traded 0.7% lower. Dow Jones Industrial Average futures lost 234 points, or 0.6%.The major averages posted strong gains on Wednesday, rising more than 1% each. That said, they finished the day well off their highs. At one point on Wednesday, the Dow was up more than 1,100 points.Stocks seemed to get a lift on hopes that trade tensions between the U.S. and China would ease. Earlier this week, President Donald Trump said he is willing to take a less confrontational approach toward trade talks with Beijing. Further, Treasury Secretary Scott Bessent said Wednesday that the U.S. has the “opportunity for a big deal” on trade. Chinese imports are subject to a U.S. tariff of 145%.“While it’s encouraging to hear a more dovish tone on tariffs from the administration, stocks remain range-bound for the time being, as the ultimate goal for markets is either a reversal of the tariffs or significant trade deals,” said Gaurav Mallik, chief investment officer of Massachusetts-based Pallas Capital Advisors. “It can take a few months for corrections to end, and we still believe that this is a correction given the speed of the declines.”In addition, Trump said late Tuesday that he has “no intention” of firing Federal Reserve Chairman Jerome Powell, whose term as Fed chair will end in May 2026. This seemed to boost sentiment in the market, particularly as the relationship between Trump and Powell has been growing more tense in recent days. Earlier this week, the president called Powell a “major loser.”All three of the major averages are on pace for weekly gains, with the Nasdaq up 2.6% and the S&P 500 up nearly 1.8%. The Dow is on pace for a 1.2% advance in the period.International Business Machines slumped more than 7%. The company posted better-than-anticipated earnings and revenue for the first quarter, but maintained its full-year guidance. Southwest Airlines lost 4% after the company said it plans to cut its schedule in the second half of this year and pulled its guidance for earnings before interest and taxes in 2025 and 2026.On Thursday, investors will look for quarterly earnings reports from Alphabet, Intel and PepsiCo. On the economic data front, durable gods orders and weekly jobless claims are due in the morning.‘Bear market rallies are the most violent,’ Wolfe Research strategists say“Bear market rallies are the most violent,” according to Wolfe Research macro strategists Rob Ginsberg and Read Harvey in a note published late Tuesday after Day 1 of the latest market comeback.Tuesday’s 2.5% gain in the S&P 500 showed internal markers such as breadth and volume that “were extremely strong, but that’s the point of the bear market rally, they make you a believer,” the pair wrote.Because their analysis of longer-term, weekly and monthly trends “continues to suggest that we are in a bear market,” Ginsberg and Harvey are looking for “a cluster” of signals to shift direction before declaring the bear dead. Those include a turn in the three-month rate of change and for the S&P 500 to climb above short-term resistance levels between 5500 and 5700.The S&P 500 closed Wednesday at 5,375.86.— Scott SchnipperMarket hasn’t fully priced in a recession yet, Deutsche Bank saysWhile uncertainty stemming from President Donald Trump’s new tariffs have certainly fanned recessionary fears in recent weeks, the market hasn’t fully bought into the idea, according to Deutsche Bank.“It’s clear that investors aren’t fully pricing a recession in just yet,” wrote strategist Henry Allen. “After all, the equity declines have been shallower than recent recessions, as have the widening in credit spreads and the declines in oil prices. So markets clearly don’t see a recession as inevitable, particularly if the tariffs don’t come into force after the latest 90-day extension.”On the flip side, investors not fully pricing in a recession means that stocks could see “significant downside risks” if an economic downturn does indeed materialize.— Lisa Kailai HanStocks moving after market close include Chipotle, Southwest AirlinesCheck out the companies making headlines in after-hours trading.Chipotle Mexican Grill — Chipotle missed first-quarter revenue estimates and said same-store sales declined for the first time since 2020, leading the stock to drop 2.1%. Chipotle also lowered the top end of its outlook for full-year same-store sales growth.Texas Instruments — Shares of the semiconductor manufacturer popped about 4.2% after market close. Texas Instruments reported first-quarter earnings of $1.28 per share on revenue of $4.07 billion, handily beating analysts’ expectations for earnings of $1.07 per share on revenue of $3.91 billion.Southwest Airlines — Southwest Airlines shares dipped 3.1% after the airline on Wednesday said it will reduce its capacity in the second half of 2025, given further signs of weaker domestic bookings this year. For the full list, read here.— Pia SinghStock futures open lower on Wednesday nightStock futures were in the red after major indexes posted back-to-back gains.Futures tied to the S&P 500 lost 0.1%, while Nasdaq 100 futures shed nearly 0.2% shortly after 6 p.m. ET. Dow Jones Industrial Average futures lost 102 points, or almost 0.3%.— Pia Singh
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WTI Prices Tumble As Official Crude Inventory Data Disappoints, Production Remains Near Record Highs Overnight gains on the heels of across the board inventory draws reported by API (and some optimism on easing China tensions) have been dashed this morning after comments from the new Kazakh energy minister (pushing back against production cuts for his always over-producing nation). This was then amplified with headlines that other OPEC nations were pushing for accelerated output increases.But for now, all eyes are on the official data...APICrude: -4.57mmCushing: -354kGasoline: -2.18mmDistillate: -1.64mmDOECrude: +244kCushing: -86kGasoline: -4.476mmDistillate: -2.35mmThe official data was considerably worse than API's with DOE reporting a small crude build vs API's big draw. Products did see major drawdowns...Source: BloombergImports of Canadian crude oil fell for the third consecutive week to 3.3 million barrels a day. The decline is partly explained by the weeklong outage of the Keystone pipeline, the conduit that delivers supplies from the oil sands to US refineries. The drop-off weighed on overall crude imports into the US. Gasoline imports climbed to the highest since August as we gear up for summer driving season. Total US crude stocks rose for the fourth week helped by the addition of 468k barrels to the SPR...Source: BloombergUS Crude production remains near record highs...Source: BloombergWTI prices are tumbling following the OPEC comments...Earlier this month the Organization of the Petroleum Exporting Countries and its allies unexpectedly announced plans to hike output at three times the pace previously expected in May. That move was designed to keep perennial overproducers like Kazakhstan in line with their targets, and Saudi Arabia’s energy minister said at the time the hike would be just an “aperitif” if those countries didn’t improve their performance.“The comment about ‘own interest’ is new to me,” said Arne Lohmann Rasmussen, chief analyst at A/S Global Risk Management.“It underlines that OPEC+ has some tough quarters ahead with the global economy/demand under pressure from the trade-war. Certainly not bullish for oil.”The comments raise fresh concerns about whether OPEC+ will continue to press ahead with a faster-than-expected pace of output hikes in the coming months. That could add supplies to a market that has been relatively strong in the short-term, but that analysts widely expect to be oversupplied later this year. Tyler DurdenWed, 04/23/2025 - 10:47