OTTAWA — Billionaire Elon Musk called Canada's prime minister an "insufferable tool" on his social media platform today. Musk's comments were in response to Justin Trudeau likening Kamala Harris's defeat in the U.S. presidential election to an attack on women's rights and progress. This afternoon, Trudeau met with provincial and territorial premiers to discuss Canada's approach to negotiations with the U.S. Canada is facing a threat of a 25 per cent tariff hike from incoming president Donald Trump, who defeated Harris in the November election. Earlier this week, Trump taunted Trudeau on social media, referring to the prime minister as the governor of what he called the "Great State of Canada." The post was an apparent reference to a joke Trump cracked at his dinner with Trudeau at his Mar-a-Lago estate nearly two weeks ago, where the president-elect teased that Canada could join the U.S. as its 51st state. Speaking on Tuesday night at an event hosted by the Equal Voice Foundation — an organization dedicated to improving gender representation in Canadian politics — Trudeau said there are regressive forces fighting against women's progress. "It shouldn't be that way. It wasn't supposed to be that way. We were supposed to be on a steady, if difficult sometimes, march towards progress," Trudeau said, adding he is a proud feminist and will always be an ally. "And yet, just a few weeks ago, the United States voted for a second time to not elect its first woman president. Everywhere, women's rights and women's progress is under attack. Overtly, and subtly." In a post on X on Wednesday, Musk responded to a clip of Trudeau's remarks, saying, "He’s such an insufferable tool. Won't be in power for much longer." This report by The Canadian Press was first published Dec. 11, 2024. Nick Murray, The Canadian Press
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NoneShare Tweet Share Share Email Cryptocurrencies are rewriting the rules of wealth creation, and savvy investors are always hunting for the next big opportunity. With blockchain innovation pushing boundaries daily, a few standout coins are catching the eyes of analysts and early adopters alike. Among them are three dynamic projects that not only promise exponential growth but also have the fundamentals to back it up. If you’re eager to capitalise on the best coins with 100x potential , this list is your ultimate guide. 1. Qubetics: A Quantum Leap in Blockchain Innovation Leading the charge is Qubetics, an extraordinary Web3 project making waves in the crypto community. With its state-of-the-art platform designed to streamline blockchain usage for all types of users, Qubetics stands apart from its competition. It employs quantum-resistant cryptography, ensuring future-proof security for its ever-growing ecosystem. 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It employs quantum-resistant cryptography, ensuring future-proof security for its ever-growing ecosystem. At just $0.0342 per $TICS token in its 13th presale stage, the project has already raised an impressive $6.8 million. More than 10,000 investors have joined the Qubetics movement, collectively purchasing over 347 million tokens. The Final Word These three cryptocurrencies embody the promise of transformative technology and exponential growth. Whether it’s Qubetics revolutionising Web3, Avalanche reshaping DeFi, or Fantom excelling in speed and scalability, the time to invest is now. With their unique advantages and real-world applications, these coins are primed to deliver extraordinary results for those who act quickly. For More Information: Qubetics: https://qubetics.com Telegram: https://t.me/qubetics Twitter: https://x.com/qubetics Related Items: Blockchain , Qubetic Share Tweet Share Share Email Recommended for you BTFD Presale Rockets Past $4 Million Mark: Why It’s Among the Best Meme Coins for Exponential Returns Alongside Cat in a Dog’s World and Apu Apustaja Join 10,000+ Investors: Qubetics Hailed as the Best Crypto to Buy Now While Bitcoin Smashes $106K and Ethereum Climbs Towards $15K Qubetics Innovation, Best Altcoins for Significant Returns Filecoin Storage, and SUI Scalability Surge! CommentsNEW YORK (AP) — U.S. stock indexes drifted amid mixed trading Monday, ahead of this week’s upcoming meeting by the Federal Reserve that could set Wall Street’s direction into next year. The S&P 500 rose 0.4%, coming off its first losing week in the last four . The Nasdaq composite climbed 1.2% to a record, while the Dow Jones Industrial Average was a laggard and fell 110 points, or 0.3%. Broadcom leaped 11.2% to help lead the S&P 500 for a second straight day after delivering a profit report last week that beat analysts’ expectations. The technology company is riding a wave of enthusiasm about its artificial-intelligence offerings in particular. The market’s main event, though, will arrive on Wednesday when the Federal Reserve will announce its last move on interest rates for the year. The widespread expectation is that it will cut its main rate for a third straight time, as it tries to boost the slowing job market after getting inflation nearly all the way down to its target of 2%. The question is how much more it will cut rates next year, and Fed officials will release projections for where they see the federal funds rate ending 2025, along with other economic indicators, once their meeting concludes. Fed Chair Jerome Powell will also answer questions in a press conference following the meeting. For now, the general expectation among traders is that the Fed may cut a couple more times in 2025, according to data from CME Group. But such expectations have been shrinking following reports suggesting inflation may be tougher to get all the way down to 2% from here. Besides last month’s slight acceleration in inflation, another worry is that President-elect Donald Trump’s preferences for tariffs and other policies could lead to higher inflation down the line. Goldman Sachs economist David Mericle has dropped his earlier forecast of a cut by the Fed in January, for example. Beyond the possibility of tariffs, he said Fed officials may also want to slow their cuts because of uncertainty about exactly how low rates need to go so that they no longer press the brakes on the economy. Expectations for a series of cuts to rates by the Fed have been one of the main reasons the S&P 500 has set an all-time high 57 times so far this year and is heading for one of its best years of the millennium . The economy has held up better than many feared, continuing to grow even after the Fed hiked the federal funds rate to a two-decade high in hopes of grinding down on inflation, which topped 9% two summers ago. On Wall Street, MicroStrategy jumped as much as 7% during the day as it continues to benefit from the surging price for bitcoin , which set another all-time high. But its stock ended the day down by les than 0.1% after bitcoin’s price pulled back below $106,000 after setting a record above $107,700, according to CoinDesk. The software company has been building its hoard of the cryptocurrency, and its stock price has more than sextupled this year. It will also soon join the Nasdaq 100 index. Bitcoin’s price has catapulted from roughly $44,000 at the start of the year, riding a recent wave of enthusiasm that Trump will create a system that’s more favorable to digital currencies . Honeywell rose 3.7% after saying it’s still considering a spin-off or sale of its aerospace business, as part of a review of its overall business. It said it plans to give an update with the release of its fourth-quarter results. They helped offset a drop for Nvidia, whose chips are powering much of the world’s move into AI. Its stock fell 1.7%. Because it’s grown so massive, with a total value topping $3 trillion, it was the single heaviest weight on the S&P 500. All told, the S&P 500 rose 22.99 points to 6,074.08. The Dow Jones Industrial Average fell 110.58 to 43,717.48, and the Nasdaq composite rose 247.17 to 20,173.89. In the bond market, Treasury yields held relatively steady. The yield on the 10-year Treasury edged down to 4.39% from 4.40% late Friday. The two-year yield, which more closely tracks expectations for the Fed, eased to 4.24% from 4.25%. In stock markets abroad, indexes fell modestly across much of Europe and Asia. They sank 0.9% in Hong Kong and 0.2% in Shanghai after China reported lackluster economic indicators for November despite attempts to strengthen the world’s second-largest economy. South Korea’s Kospi fell 0.2% as law enforcement authorities pushed to summon impeached President Yoon Suk Yeol for questioning over his short-lived martial law decree, and the Constitutional Court met to discuss whether to remove him from office or reinstate him. AP Business Writer Elaine Kurtenbach contributed.
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What's New Oklahoma and New York's governors have announced that they are deploying drone detection systems amid ongoing mysterious drone sightings across the United States. Newsweek reached out to the Oklahoma Governor's Office and the New York Governor's Office through their websites for comment. Why It Matters Last month, people in New Jersey began making multiple reports about mysterious drones spotted flying at nigh t. Some drones are described to be about the size of a car, and some are seen with flashing lights. Since the New Jersey reports, drones have also been spotted in New York , Oklahoma, Pennsylvania, Minnesota, and California, among others. The sightings have drawn the attention of state and federal agencies, including the Federal Bureau of Investigation ( FBI ) and the Department of Homeland Security (DHS). What To Know New York Governor Kathy Hochul announced that her state was receiving a drone detection system from federal resources on Sunday, with Oklahoma Governor Kevin Stitt announcing that his state was seeking similar systems. The FBI and DHS previously issued a shared statement last week that there was no evidence of a national security threat related to the drone sightings. National Security Council spokesperson John Kirby issued an updated statement on Monday, saying that federal agencies have determined the sightings to include "a combination of lawful commercial drones, hobbyist drones and law enforcement drones, as well as manned fixed-wing aircraft, helicopters and even stars that were mistakenly reported as drones." The response has prompted blowback, with some state leaders opting to seek answers for themselves. What People Are Saying In a State of Oklahoma press release, Stitt said: "Drones and unmanned aerial systems are an exciting new industry here in Oklahoma, and we want to make sure that industry has room to thrive. This technology is new, and because of that, we don't have all the measures in place to ensure Oklahomans are protected from those who would use this technology to harm others. That's why I've instructed [Commissioner of Public Safety and Homeland Security Advisor Tim] Tipton to invest in [Unmanned Aircraft Systems] detection systems. This will ensure that drones can operate safely while law enforcement can keep Oklahomans safe." In the same press release, Tipton said: "The activity happening in New Jersey and across the country is unsettling. While we've only had a few reports of drone activity in Oklahoma, we want to be ready in case the need arises. I'm glad Governor Stitt takes this threat seriously and will equip the Department of Public Safety adequately." In a post on X, formerly Twitter, Hochul said: "In response to my calls for additional resources, our federal partners are sending a drone detection system to New York. I am grateful for the support, but we need more. Congress must pass a law that will give us the power to deal directly with the drones." What's Next New Jersey Governor Phil Murphy has also requested additional resources from the federal government. However, it's unclear if New Jersey will receive drone detection systems similar to those in New York and Oklahoma. How many other states plan to follow suit by requesting drone detection systems or more information about drones from federal agencies is also unclear. Congress also has yet to take action on a law that outlines state responsibility when it comes to the recent drone sightings, as Hochul said.WASHINGTON – President-elect has tapped former Florida Attorney General Pam Bondi as his choice for U.S. attorney general following ’s withdrawal of his nomination. Trump announced late Thursday that he would nominate Bondi to become the nation’s top law-enforcement officer, citing her work as a prosecutor. “Pam was a prosecutor for nearly 20 years, where she was very tough on Violent Criminals, and made the streets safe for Florida Families,” he said in a statement. “Then, as Florida’s first female Attorney General, she worked to stop the trafficking of deadly drugs, and reduce the tragedy of Fentanyl Overdose Deaths, which have destroyed many families across our Country.” Bondi is likely to have an easier time winning Senate confirmation than Gaetz, who faced opposition from some Senate Republicans. Bondi, 59, is a Trump ally who served as one of his defense attorneys during his first impeachment trial, when he was accused of abusing his power by withholding military aid from Ukraine to pressure Ukraine President Volodymyr Zelensky to announce an investigation into a political rival, then-former Vice President Joe Biden. The Senate acquitted Trump of the charges. Bondi also served on Trump's Opioid and Drug Abuse Commission during his first term and acted as a campaign surrogate during this year's presidential contest. She was among a group of Republicans who attended Trump's hush-money trial in New York earlier this year to show their support for him. Bondi was Florida's attorney general for eight years, from 2011 to 2019. She was the first woman elected to the position. The covering a broad range of interests. The department prosecutes federal criminal laws through U.S attorneys offices and through its main headquarters, and brings civil lawsuits to enforce civil rights and antitrust laws. The department oversees agencies such as the FBI; the Drug Enforcement Administration; the Bureau of Alcohol, Tobacco, Firearms and Explosives; the U.S. Marshals Service and the Bureau of Prisons. "For too long, the partisan Department of Justice has been weaponized against me and other Republicans - Not anymore," Trump said in his statement. "Pam will refocus the DOJ to its intended purpose of fighting Crime, and Making America Safe Again. I have known Pam for many years — She is smart and tough, and is an AMERICA FIRST Fighter, who will do a terrific job as Attorney General!" Bondi is Trump's second choice for attorney general and the second Floridian has has tapped for the job. Earlier Thursday, Gaetz, a former Florida congressman, withdrew his nomination amid continuing allegations of sexual misconduct. The DOJ – which Gaetz would have led if he became attorney general – investigated allegations that he committed statutory rape by paying for sex with a 17-year-old girl and for her to travel with him across state lines. That probe was dropped without charges. But the , a bipartisan panel equally divided between Democrats and Republicans, was also investigating those and other allegations and had planned to vote on whether to release a report on their findings just two days after Gaetz abruptly resigned his House seat last week. A said his clients testified before the Ethics Committee about the allegations. One said she saw Gaetz allegedly under the influence of drugs and sexually abusing the 17-year-old, though she said she did not think Gaetz knew the girl's age. Gaetz has denied the allegations. But he said he decided to withdraw his nomination because it had become a distraction for Trump's transition team.
Realign supply chains, avoid risk concentration: FM Sitharaman to cosMy Personal CFO LLC cut its stake in shares of NVIDIA Co. ( NASDAQ:NVDA – Free Report ) by 16.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,557 shares of the computer hardware maker’s stock after selling 3,531 shares during the quarter. NVIDIA makes up about 1.2% of My Personal CFO LLC’s portfolio, making the stock its 22nd largest position. My Personal CFO LLC’s holdings in NVIDIA were worth $2,254,000 as of its most recent filing with the Securities & Exchange Commission. Several other institutional investors and hedge funds have also bought and sold shares of NVDA. Lowe Wealth Advisors LLC bought a new position in shares of NVIDIA in the second quarter valued at $25,000. DHJJ Financial Advisors Ltd. lifted its stake in shares of NVIDIA by 1,900.0% in the second quarter. DHJJ Financial Advisors Ltd. now owns 200 shares of the computer hardware maker’s stock valued at $25,000 after buying an additional 190 shares in the last quarter. CGC Financial Services LLC bought a new position in shares of NVIDIA in the second quarter valued at $26,000. Koesten Hirschmann & Crabtree INC. bought a new position in shares of NVIDIA in the first quarter valued at $27,000. Finally, Quest Partners LLC bought a new position in shares of NVIDIA in the second quarter valued at $27,000. 65.27% of the stock is owned by institutional investors. Insiders Place Their Bets In other NVIDIA news, CEO Jen Hsun Huang sold 120,000 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $107.44, for a total value of $12,892,800.00. Following the completion of the transaction, the chief executive officer now directly owns 76,135,836 shares in the company, valued at approximately $8,180,034,219.84. This represents a 0.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, insider Donald F. Robertson, Jr. sold 4,500 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $116.51, for a total transaction of $524,295.00. Following the completion of the transaction, the insider now owns 492,409 shares of the company’s stock, valued at $57,370,572.59. This trade represents a 0.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here . In the last ninety days, insiders sold 2,036,986 shares of company stock worth $240,602,399. 4.23% of the stock is currently owned by corporate insiders. Analysts Set New Price Targets View Our Latest Research Report on NVIDIA NVIDIA Trading Up 2.2 % NASDAQ:NVDA opened at $138.25 on Friday. The company has a fifty day moving average of $136.05 and a 200 day moving average of $123.67. NVIDIA Co. has a 52 week low of $45.01 and a 52 week high of $152.89. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $3.39 trillion, a P/E ratio of 54.41, a P/E/G ratio of 2.45 and a beta of 1.66. NVIDIA ( NASDAQ:NVDA – Get Free Report ) last posted its quarterly earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $35.08 billion during the quarter, compared to analyst estimates of $33.15 billion. During the same period in the prior year, the business posted $0.38 EPS. The firm’s revenue was up 93.6% compared to the same quarter last year. On average, research analysts predict that NVIDIA Co. will post 2.76 earnings per share for the current year. NVIDIA declared that its Board of Directors has initiated a stock buyback program on Wednesday, August 28th that allows the company to repurchase $50.00 billion in shares. This repurchase authorization allows the computer hardware maker to repurchase up to 1.6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its shares are undervalued. NVIDIA Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Thursday, December 5th will be issued a $0.01 dividend. The ex-dividend date is Thursday, December 5th. This represents a $0.04 annualized dividend and a yield of 0.03%. NVIDIA’s dividend payout ratio (DPR) is presently 1.57%. About NVIDIA ( Free Report ) NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications. See Also Five stocks we like better than NVIDIA What is a Special Dividend? The Latest 13F Filings Are In: See Where Big Money Is Flowing How to Invest in Small Cap Stocks 3 Penny Stocks Ready to Break Out in 2025 What is the S&P/TSX Index? FMC, Mosaic, Nutrien: Top Agricultural Stocks With Big Potential Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Co. ( NASDAQ:NVDA – Free Report ). Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter .
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