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Australia’s sharemarket is likely to open lower after a sell-off in the world’s largest technology companies hit US stocks in the final stretch of a stellar year. Futures are pointing to a drop of 0.35 per cent, or 29 points, on Monday morning across the local bourse, to 8228, as traders take stock of a pullback in the US last week. Nasdaq, one of the “Magnificent Seven” companies, bore the brunt of last week’s selling. Credit: Bloomberg In the US, during a session of slim trading volume – which tends to amplify moves – the S&P 500 lost 1.1 per cent and the Nasdaq 100 slipped 1.4 per cent. While every major industry succumbed to Friday’s slide, tech megacaps bore the brunt of the selling. That’s after a torrid surge in which the group of companies dubbed the “Magnificent Seven” accounted for more than half of the US equity benchmark’s gains in 2024. “I think Santa has already come. Have you seen the performance this year?” said Kenny Polcari from financial advising firm SlateStone Wealth. “[This] week is another holiday-shortened week, volumes will be light, moves will be exaggerated. Don’t make any major investing decisions this week.” Steve Sosnick, from Interactive Brokers said while the market was in holiday season, he had fielded more inquiries than expected. Loading “The best I can figure out is that there are large accounts, pension funds and the like, who need to rebalance their holdings before year-end,” he said. The S&P 500 and the Nasdaq 100 trimmed last week’s gains. The Dow Jones Industrial Average slipped 0.8 per cent on Friday. A gauge of the “Magnificent Seven” sank 2 per cent, led by losses in Tesla and Nvidia. The Russell 2000 index of small caps dropped 1.6 per cent. The yield on 10-year Treasuries rose 4 basis points to 4.62 per cent. The Bloomberg Dollar Spot Index wavered. Funds tied to several of the major themes that have driven markets and fund flows over the past three years stumbled during the week ending Christmas Day, according to data compiled by EPFR. Redemptions from cryptocurrency funds hit a record high while technology sector funds extended their longest outflow streak since the first week of 2023, the firm said. This year’s rally in US equities has driven the expectations for stocks so high that it may turn out to be the biggest hurdle for further gains in the new year. And the bar is even higher for tech stocks, given their massive surge in 2024. A Bloomberg Intelligence analysis recently found that analysts estimate a nearly 30 per cent earnings growth for the sector next year, but tech’s market-cap share of the S&P 500 index implies closer to 40 per cent growth expectations may be embedded in the stocks. “The market’s largest companies and other related technology darlings are still being awarded significant premiums,” said Jason Pride and Michael Reynolds at Glenmede. “Excessive valuations leave room for downside if earnings fail to meet expectations. Market concentration should reward efforts to regularly diversify portfolios.” Bloomberg The Market Recap newsletter is a wrap of the day’s trading. Get it each weekday afternoon . Save Log in , register or subscribe to save articles for later. Shares Investing Aussie dollar Bonds Most Viewed in Business LoadingAP Sports SummaryBrief at 10:31 p.m. EST
Share Tweet Share Share Email What is an Anti-Choking Device and How Does it Work? Delving deeper into how an Anti-Choking Device operates includes a keen understanding of its mechanics. Typically designed to restore normal breathing during choking, these devices particularly employ suction. In other words, a negative pressure is created, which makes for a strong sucking force that uses the object lodged in the throat to facilitate the flow of air into the lungs. Offering a quick and effective means of clearing obstruction of the airway during choke emergencies are suction devices which are designed for use during choking episodes. Their efficacy depends on the amount of suction which is generated along with the proper technique used. Lives can potentially be saved and complications averted through these devices – as they provide an efficient and swift means to manage fatal choking incidents. View anti-choking device for adult – Willnice details to get into the details . While anti-choking devices can clear airway obstructions without any trouble, their effective deployment is heavily reliant on adequate training and proper guidelines, so it bears mentioning. Knowing the basic how to’s and the correct way of using the anti-choking device is critical to ensuring that the device remains effective throughout the duration of an emergency. View anti-choking device for adult – Willnice for More Details When Should You Use an Anti-Choking Device? Identifying a Choking Incident It is essential to pay attention to the signs of choking in order to offer the best help for someone who is in need. A person who is unable to speak, makes no noise and cannot breathe while holding his/her throat is likely to be choking. To avoid a more serious situation, one must intervene immediately. Guidelines for Using an Anti-Choking Device during Emergencies An anti-choking device can undoubtedly be a life saver during a choking emergency. Let us consider the general principles of using an anti-chocking device. Estimate the Degree of Impairment: Choking could range from a mild disorder up to a complete obstruction or strangulation of the air ways. In case the person choked is unable to cough, brunette in, or speak, be sure to act at once. Seek Assistance: Either call the emergency line or request someone in the vicinity to make the call while you attend to the individual experiencing the choking episode. Observe Precautionary Measures: Make sure to follow the proper directions given by the student’s instructor or books regarding the use of the anti chokers. Respond to the device’s recommended positioning as well as its application. Keep Composure and Indulge in Effective Communication: Rather than appearing anxious, do tell the choked party to stay calm and that help is coming. This could handle overwhelming feeling which is otherwise normal in such incidents. Take Additional Steps: Use the anti choking device in the stipulated manner and follow proper emboweling techniques to remove the obstruction to the airway passage. However, do not apply too much pressure which could lead to injury. What to Do If Current Choking Protocols Have Been Followed If the previously mentioned attempts to use an anti choking device or the existing choking protocols do not resolve the choking case, then the following steps are to be taken. Seek more assistance: If the airway remains obstructed and the person is still not able to breathe, dial emergency numbers immediately or enlist the help of a bystander to do so. Give CPR: In great cases when all efforts fail and the individual’s response goes mute, Then one must instantly attempt to start CPR, follow the instructions and measures suggested by the authorities or relevant professional medical staff. It is crucial to remember that on one side, anti-choking devices perform to remove airway obstruction, but we also have to take into consideration that all the measures in an emergency case, the correct training, and the guidelines are necessary and have to be maintained. Furthermore, anti-choking devices can be ineffective when operating on patients who are suffering from loss of consciousness, and even after the established protocols are applied and an anti-choking device is used, a medical professional would be important. What are the Benefits of Using an Anti-Choking Device? Advantages of Suction-Based Airway Clearance Devices Devices that utilize suction to clear airways, such as anti-choking aids, have several key strengths that make them useful in the management of choking episodes. As technology advances, these devices specifically function to rapidly remove airway blockage and allow for normal respiration. Here are the key benefits of incorporating an anti-choking device into your home kit: Timely and Effective Airway Clearance: Anti-choking devices are similar to suction pc a vacuum as they use suction to demolish obstructions lodged in the airways. This prevents enhancement in airway complications. Safe and Non-Invasive: Unlike other methods, such as back blows or abdominal thrusts, anti-choking devices use a suction-based approach to relieve airway blockages. The patient has active blockages during active distress and therefore pose a considerable safety concern and risk of further harming the individual suffocating. Suitable for Individuals of All Ages: With a good anti-choking device, there is no more concern about children or toddlers choking while eating food. कहीं भी अकेले दवाई लेने का कोई चिंता निःशुल्क, anti-choking devices are universally suitable devices to account for babies and infants including toddlers and adults. Convenient and Portable: Anti-choking devices are designed for ease of use, which means that they are easy to operate even for those who do not have extensive medical knowledge. Furthermore, these devices are convenient to carry and store, allowing for quick access during times of need, whether at home or traveling. Through pushing the anti-choking device you can handle the life treating situations at the choking emergencies. Keeping this device along, you will be able to get pieces of eight more efficiently and at a very close distance to the loved ones that you want to save. How to Properly Use an Anti-Choking Device? Step-by-Step Guide on Using the Anti-Choking Device Evaluate the Condition: First, check if the individual has a partially or completely blocked mouth or nose. Signs of protrusion include signs of struggle to breathe, trying to speak without words coming out, and hiccupping. Let Someone Help: For holdup of the revised statement, Tell someone to call for help when the individual stops coughing, is unable to speak,k and is not breathing. Time is extremely important as this is a case of choking is an emergency. Get in A Supportive Position: Stand behind the individual a little towards one side in a supportive manner, where one of your hand is placed on their chin and the other hand is placed on their chest. Use Upwards Blows: You should be able to do this with relative ease; do so by using the heel of your palm so that firm back upward blows are applied alternately between each of the shoulder blades. To a maximum of five back blows, see if the object is dislodged after each blow. Use Abdominal Thrusts: Get yourself at the back of the person. Put one hand into a fist and with the other hand make a grasp on top of it. The hand which has supplied the grasp must then place its thumb side against the middle of the stomach, starting slightly above the navel and into the center. Thrusts from your grasp should be targeted upwards into your abdomen. Up until five of the motions above are acceptable, check the position after each of them has been executed. Keep Performing CPR If Required: In any case, if the patient becomes unresponsive or starts to breathe, perform CPR in accordance with the instructions provided by the emergency dispatcher until assistance arrives. Common Mistakes When Using an Anti-Choking Device Insufficient Force: Providing adequate force in abdominal thrusts and back blows is critical. Applying less-than-expected force may not effectively remove the lodged object in the vetoed airway. Improper Hand Placement: During abdominal thrusts, if the hands are not placed properly, they would also be less effective. Place the fist adequately above the navel to allow shifting of the diaphragm. Neglecting to Call for Help: Even if the obstruction has been successfully dislodged, one must not forget to seek assistance through emergency services for a thorough examination and medical treatment. Using an Ineffective Anti-Choking Device: Not every anti-choking thorough device is automatic; that is why the device to be issued should be tried and tested by the FDA and manufactured according to instructions set for it well. When to Seek Additional Help After Using an Anti-Choking Device In the following circumstances, not returning to a medical facility after employing an anti-chocking apparatus is not advisable. When the person has extreme difficulty in breathing or persists in complaining about any discomfort. When the foreign object previously believed to have been removed is blocking their airway. When the person displays signs of extreme trouble or if the person becomes unconscious. First-aid and CPR training will always prove beneficial for anyone who is in a position of having to assist someone with a choking emergency. Knowledge and availability of such information always aids in safeguarding one’s own self or another individual. What Should Be Included in Your Anti-Choking Home Kit? Essential Items for Choking First Aid and Rescue Having a warning containing a properly maintained first aid kit is key during choking emergencies. Here is a compilation of many needed anti-choking items: Anti Choking Device: Get a good FDA approved device that directly addresses choking issues. Make sure there is one appropriate for children and another one appropriate for adult as per the manufacturer’s recommendations. CPR face Mask: This device is used when CPR is being administered so the patients mouth is covered when blowing into them. Latex Free Gloves: Latex free gloves are to be used when a person is infected with a specific infection to lower the chances of cross infection. Scissors: If need be and clothing are wrapped too tightly around anyones neck then sharp scissors can be used to cut through the fabric. Rescue Blankets: After a person goes through a choking episode covering them with a lightweight and compact rescue blanket to make them feel warm and comfortable is ideal. Emergency Contact Information: Phone numbers and contacts to professional aid are to be included. The Importance of Having a Travel Kit for Choking Emergencies Having a portable kit is essential as choking emergencies can occur essentially everywhere. Using a portable kit while going on vacations with your family or even to attend events can be ideal as they can help deal with any choking emergencies that occur. Kid vs. Adult Choking Kits: How do they vary? When it comes to choking kits, it is necessary to take adults and children’s differentiating requirements into account. Variances in the size and types of appliances used for senior adults differ from those used for children, so while the practical aspects and methods of providing choking first aid virtually do not differ, there are some differences. There must be special kits for both adults and children, ensuring that the anti choking instruments and other tools are suitable for each age. Also, for children choking kits are particularly supplemented with features such as child-sized face masks or guides on how to deal with children who choke on something. With the proper equipment and a travel kit on hand, there is no reason why one should not be able to perform choke-rescue techniques efficiently and timely, either at home or while away in the shortest of time. What Are Current Trends in Anti-Choking Devices for Adults in 2025? Innovations in Choking Rescue Technology In recent years, there have been important advances in choking rescue devices. These developments address the issues of airway obstruction and choking by enhancing its application and effectiveness. Some of the trends and innovations are as follows: Portable Non Powered Tools: Examples of nonpowered tools are manual suction devices and mechanical chest compressors. These have become quite popular as they are easy to use and carry. They enable efficient clearance of the obstructed airway thus effective resuscitation measures. Smart Choking Detection Devices: There are numerous advanced choking detection devices powered by smart technology that include key sensors and algorithm systems. These devices help to automatically sense a blocked airway or even an emetic cough which is hypertension and alerts the first responder almost instantaneously. This feature is invaluable in emergencies as it helps save lives. Communication Systems: With advancements in technology, emergency communication systems have become available that can be embedded in some recently developed choking rescue tools. These systems let the responder communicate with emergency operators or medical staff for assistance during a choking episode or even for feeding advice thus ensuring that first aid given is effective. The Future of Non-powered Airway Clearance Devices Up to now, airway management devices that do not require any source of energy are forecasted to remain competitive in the market. This is because supplementary research and development suggests that future device models are likely to be more portable, easier to use, and more effective than their predecessors. The designs of these devices will still be set to be user-friendly for any person with limited or no medical training to address a choking patient with practical and effective means. Making a Poster on Consumer Choices when Seeking Effective Choking First Aid Devices. When seeking treatment for choking, the accuracy and consumer choice provided by the first aid devices is substantial. For better consumer choices, consider these factors: Usability: Select equipment that is simple to operate and helps in administering aid during emergencies rather efficiently. Safety Standards: Repurchase devices that met the safety and standard regulations previously for every device has been approved based on these requirements to ascertain effectiveness. Rapid Response and Activation: Give preference to devices that are small, light and self-sufficient, to assist with a person who has been choked and is not in a constrained environment. Guided Session Aid: Try the devices which also have step-by-step guides, video backup and are not teacher dependent as such resources improve your comfort and skill for operational application of the devices. Staying vigilant on the most recent inventions and becoming a wise buyer allows you to take part in the development of first aid practices and ensure the safety of you and those around you. Related Items: Anti-Choking Devic , Anti-Choking Device Share Tweet Share Share Email CommentsIonOpticks’ Custom Chromatography Column to Become Biognosys’ Standard for High-Quality Proteomic InsightsConnor has goal and assist as Jets beat Penguins 4-1Stormont minister Maurice Morrow told an official he would not raise the issue with the Northern Ireland Executive, despite similar measures being considered in England and Wales. A file on planning arrangements for the jubilee celebrations reveals a series of civil service correspondences on how Northern Ireland would mark the occasion. It includes a letter sent on January 11 2001 from an official in the Office of the First Minister/Deputy First Minister (OFMDFM) to the Department of Social Development, advising that a committee had been set up in London to consider a programme of celebrations. The correspondence says: “One of the issues the committee is currently considering is the possibility of deregulating liquor licensing laws during the golden jubilee celebrations on the same lines as the arrangements made for the millennium. “It is felt that the golden jubilee bank holiday on Monday 3 June 2002 is likely to be an occasion on which many public houses and similar licensed premises would wish to stay open beyond normal closing time.” The letter said a paper had been prepared on the issue of extending opening hours. It adds: “You will note that paragraph seven of the paper indicates that the devolved administrations ‘would need to consider deregulation separately within their own jurisdictions’. “I thought that you would wish to be aware that this issue is receiving active consideration for England and Wales and to consider whether anything needs to be done for Northern Ireland.” Some months later a “progress report” was sent between officials in OFMDFM, which again raised the issue of licensing laws. It says: “I spoke to Gordon Gibson, DSD, about Terry Smith’s letter of 12 January 2001 about licensing laws: the matter was put to their minister Maurice Morrow (DUP) who indicated that he would not be asking the NIE (Northern Ireland Executive) to approve any change to current licensing laws in NI to allow for either 24 hour opening (as at the millennium) nor a blanket approval for extended opening hours as is being considered in GB. “In both cases, primary legislation would be required here and would necessitate consultation and the minister has ruled out any consultation process.” The correspondence says individual licensees could still apply for an extension to opening hours on an ad hoc basis, adding “there the matter rests”. It goes on: “DSD await further pronouncements from the Home Office and Gibson and I have agreed to notify each other of any developments we become aware of and he will copy me to any (existing) relevant papers. “Ministers may well come under pressure in due course for a relaxation and/or parity with GB.” The document concludes “That’s it so far...making haste slowly?” Emails sent between officials in the department the same month said that lord lieutenants in Northern Ireland had been approached about local events to mark the jubilee. One message says: “Lord lieutenants have not shown any enthusiasm for encouraging GJ celebrations at a local level. “Lady Carswell in particular believes that it would be difficult for LLs to encourage such activities without appearing political.”
I wanted to poison myself after failed IVF – Woman who welcomes triplets after 24 years of marriageThe big jurisdiction problem with WhatsApp, Signal and Telegram The 'big OTT scam problem' Airtel, Reliance Jio and Vodafone-Idea face How fraudsters scam users on OTT apps The TOI Tech Desk is a dedicated team of journalists committed to delivering the latest and most relevant news from the world of technology to readers of The Times of India. TOI Tech Desk’s news coverage spans a wide spectrum across gadget launches, gadget reviews, trends, in-depth analysis, exclusive reports and breaking stories that impact technology and the digital universe. Be it how-tos or the latest happenings in AI, cybersecurity, personal gadgets, platforms like WhatsApp, Instagram, Facebook and more; TOI Tech Desk brings the news with accuracy and authenticity. Read More Latest Mobiles Lava Yuva 4 ₹-1 Tecno POP 9 4G ₹6,699 Itel Color Pro 5G ₹9,199 Vivo Y18T ₹9,499 Lava Blaze 3 5G ₹11,499 Vivo Y300 5G ₹21,999 Itel Aura 05i ₹5,479 Tecno Spark Go 1 ₹6,899 Poco M6 5G ₹7,998 OPPO A3X 4G ₹8,999Stormont minister Maurice Morrow told an official he would not raise the issue with the Northern Ireland Executive, despite similar measures being considered in England and Wales. A file on planning arrangements for the jubilee celebrations reveals a series of civil service correspondences on how Northern Ireland would mark the occasion. It includes a letter sent on January 11 2001 from an official in the Office of the First Minister/Deputy First Minister (OFMDFM) to the Department of Social Development, advising that a committee had been set up in London to consider a programme of celebrations. The correspondence says: “One of the issues the committee is currently considering is the possibility of deregulating liquor licensing laws during the golden jubilee celebrations on the same lines as the arrangements made for the millennium. “It is felt that the golden jubilee bank holiday on Monday 3 June 2002 is likely to be an occasion on which many public houses and similar licensed premises would wish to stay open beyond normal closing time.” The letter said a paper had been prepared on the issue of extending opening hours. It adds: “You will note that paragraph seven of the paper indicates that the devolved administrations ‘would need to consider deregulation separately within their own jurisdictions’. “I thought that you would wish to be aware that this issue is receiving active consideration for England and Wales and to consider whether anything needs to be done for Northern Ireland.” Some months later a “progress report” was sent between officials in OFMDFM, which again raised the issue of licensing laws. It says: “I spoke to Gordon Gibson, DSD, about Terry Smith’s letter of 12 January 2001 about licensing laws: the matter was put to their minister Maurice Morrow (DUP) who indicated that he would not be asking the NIE (Northern Ireland Executive) to approve any change to current licensing laws in NI to allow for either 24 hour opening (as at the millennium) nor a blanket approval for extended opening hours as is being considered in GB. “In both cases, primary legislation would be required here and would necessitate consultation and the minister has ruled out any consultation process.” The correspondence says individual licensees could still apply for an extension to opening hours on an ad hoc basis, adding “there the matter rests”. It goes on: “DSD await further pronouncements from the Home Office and Gibson and I have agreed to notify each other of any developments we become aware of and he will copy me to any (existing) relevant papers. “Ministers may well come under pressure in due course for a relaxation and/or parity with GB.” The document concludes “That’s it so far...making haste slowly?” Emails sent between officials in the department the same month said that lord lieutenants in Northern Ireland had been approached about local events to mark the jubilee. One message says: “Lord lieutenants have not shown any enthusiasm for encouraging GJ celebrations at a local level. “Lady Carswell in particular believes that it would be difficult for LLs to encourage such activities without appearing political.”
India News | Narayana Murthy Bats for AI, Says Technology Great Leveller
NEW YORK , Dec. 15, 2024 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of ordinary shares of ASML Holding N.V. (NASDAQ: ASML) between January 24, 2024 and October 15, 2024 , both dates inclusive (the "Class Period"), of the important January 13, 2025 lead plaintiff deadline. So what: If you purchased ASML ordinary shares 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 ASML class action, go to https://rosenlegal.com/submit-form/?case_id=31159 or call Phillip Kim, Esq. at 866-767-3653 or email case@rosenlegal.com 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 January 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. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. Details of the case: According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) the issues being faced by suppliers, like ASML, in the semiconductor industry were much more severe than defendants had indicated to investors; (2) the pace of recovery of sales in the semiconductor industry was much slower than defendants had publicly acknowledged; (3) defendants had created the false impression that they possessed reliable information pertaining to customer demand and anticipated growth, while also downplaying risk from macroeconomic and industry fluctuations, as well as stronger regulations restricting the export of semiconductor technology, including the products that ASML sells; and (4) as a result, defendants' statements about ASML's business, operations, and prospects lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the ASML class action, go to https://rosenlegal.com/submit-form/?case_id=31159 mailto: or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm , on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/ . Attorney Advertising. Prior results do not guarantee a similar outcome. ------------------------------- Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 case@rosenlegal.com www.rosenlegal.com View original content to download multimedia: https://www.prnewswire.com/news-releases/asml-deadline-asml-investors-with-losses-in-excess-of-100k-have-opportunity-to-lead-asml-holding-nv-securities-fraud-lawsuit-302331928.html SOURCE THE ROSEN LAW FIRM, P. A.Cerity Partners LLC Raises Stake in Wingstop Inc. (NASDAQ:WING)Muscat: In a clear sign of shifting financial behaviours, mobile payments in Oman experienced a remarkable rise in 2023, marking a pivotal trend in the country’s move towards digital financial solutions. The surge reflects a broader transformation in the nation’s payment landscape, driven by the Central Bank of Oman’s ongoing efforts to modernise and secure the country’s payment systems. The impressive growth in mobile payments is part of a larger vision aligned with Oman Vision 2040, positioning the Sultanate as a leader in the region’s digital financial evolution. The Central Bank of Oman (CBO) has made significant strides in strengthening the national economy by adopting the latest technologies to enhance financial infrastructure. As part of its commitment to creating a robust and efficient financial ecosystem, the bank has focused on advancing the National Payment System (NPS), which underpins a wide range of transactions across the country, from high-value fund transfers to everyday consumer purchases. The NPS includes systems such as the Real-Time Gross Settlement (RTGS), Automated Clearing House (ACH), and the Mobile Payments Clearing and Settlement System (MPCSS), all of which play a key role in streamlining the nation’s financial operations. In 2023, the MPCSS saw an extraordinary surge in mobile transactions, increasing from 4.9 million in 2022 to 40 million by the end of 2023. This remarkable 700% rise in transaction volume highlights a rapid shift towards mobile payments, reflecting the growing demand for quicker, more secure ways to transfer money. The value of funds processed through the MPCSS system also experienced a substantial jump, reaching OMR1.44 billion over a two-year period. This significant growth signals a clear preference for mobile payments, which offer enhanced convenience and security, and are becoming an increasingly popular choice for both consumers and businesses across the country. Meanwhile, the RTGS system, which handles large-value payments between financial institutions, recorded a 17% increase in transaction value, reaching OMR 209 billion in 2023. Although the number of transactions decreased, this is typical for RTGS, as it primarily handles fewer, higher-value payments. The system’s growth reflects a steady demand for secure, real-time settlement of interbank transactions, reinforcing Oman’s financial stability. Retail payment systems also saw robust growth, with the total number of transactions increasing by 41%, reaching 395 million in 2023. The value of these retail payments rose by 16%, totaling OMR 31.9 billion in 2023. The surge is indicative of a broader shift towards digital payment methods, with Oman’s residents increasingly opting for electronic transactions for everything from everyday purchases to business dealings. Card-based transactions Card-based transactions on the OmanNet network also grew by 30%, reaching 329 million by the end of 2023, with a total value of OMR 6.4 billion. This rise is fueled by the widespread adoption of Point-of-Sale (POS) systems, which have become integral to the country’s retail environment. The Automated Clearing House (ACH) system, which facilitates recurring payments such as salaries, also saw a notable 18% increase in both transaction volume and value in 2023. By the end of the year, ACH processed 21.9 million transactions worth OMR 13.5 billion, driven by the system’s ability to handle payments around the clock. The growth in ACH transactions underscores the growing reliance on digital systems for efficient, automated financial operations. On the flip side, traditional payment methods, such as cheques, continue to see a decline in use. The number of cheques processed through the Electronic Cheque Clearing (ECC) system dropped by 1% in 2023 resulting in a total of 3.7 million cheques by the end of 2023. However, the value of cheques processed saw a slight increase, reaching OMR 10 billion, reflecting the ongoing, albeit shrinking, role of cheques in Oman’s financial ecosystem. Notable increase in WPS Further reinforcing the shift towards digital payments, the Wages Protection System (WPS) introduced by the Ministry of Labour has been instrumental in increasing salary-related transactions. In 2023, salary transactions grew by 3% in volume, and their total value rose by 4%. The WPS has ensured the timely and secure transfer of salaries, contributing to greater financial inclusion and the adoption of digital payment solutions by businesses and employees alike. These developments signal Oman’s growing embrace of digital payment solutions, which are transforming the country’s financial landscape. With mobile payments leading the charge, the Central Bank’s efforts to modernise payment systems and enhance financial infrastructure are playing a critical role in shaping Oman’s economic future. Decrease in ATM transactions OmanNet has witnessed significant changes in its electronic payment channels over the past year. Transactions via ATMs decreased by 11% in 2023, compared to a 15% drop in 2022, indicating a shift away from traditional cash-based systems. In contrast, digital payment channels experienced notable growth, with point-of-sale (POS) transactions increasing from 68% in 2022 to 74% in 2023. This surge is likely driven by the expanded utilisation of POS software and the growing acceptance of digital payments. Meanwhile, e-commerce transactions saw a slight decline, dropping from 17% in 2022 to 15% in 2023. This change reflects evolving consumer preferences, with a growing interest in alternative payment methods.
Cerity Partners LLC raised its position in Stanley Black & Decker, Inc. ( NYSE:SWK – Free Report ) by 106.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 34,463 shares of the industrial products company’s stock after acquiring an additional 17,756 shares during the period. Cerity Partners LLC’s holdings in Stanley Black & Decker were worth $3,795,000 as of its most recent filing with the SEC. Several other hedge funds and other institutional investors have also recently modified their holdings of SWK. Great Valley Advisor Group Inc. grew its position in Stanley Black & Decker by 5.2% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 8,126 shares of the industrial products company’s stock valued at $895,000 after purchasing an additional 401 shares during the period. Biltmore Family Office LLC acquired a new position in shares of Stanley Black & Decker during the third quarter valued at about $220,000. Charles Schwab Investment Management Inc. increased its position in shares of Stanley Black & Decker by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,030,210 shares of the industrial products company’s stock worth $113,457,000 after acquiring an additional 12,305 shares in the last quarter. L & S Advisors Inc acquired a new stake in shares of Stanley Black & Decker in the 3rd quarter worth about $6,594,000. Finally, DE Burlo Group Inc. acquired a new position in Stanley Black & Decker during the 3rd quarter valued at about $8,535,000. Institutional investors own 87.77% of the company’s stock. Stanley Black & Decker Stock Down 0.4 % Stanley Black & Decker stock opened at $89.45 on Friday. The company has a quick ratio of 0.42, a current ratio of 1.29 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $13.79 billion, a P/E ratio of -65.29, a P/E/G ratio of 2.42 and a beta of 1.25. The firm has a 50 day moving average price of $98.65 and a 200-day moving average price of $93.81. Stanley Black & Decker, Inc. has a twelve month low of $77.70 and a twelve month high of $110.88. Stanley Black & Decker Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, November 29th will be given a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.28 dividend on an annualized basis and a yield of 3.67%. Stanley Black & Decker’s dividend payout ratio is presently -239.42%. Wall Street Analysts Forecast Growth A number of research analysts have recently weighed in on SWK shares. The Goldman Sachs Group raised their target price on Stanley Black & Decker from $94.00 to $107.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Barclays upped their target price on shares of Stanley Black & Decker from $96.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 2nd. StockNews.com lowered shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Morgan Stanley reduced their price objective on shares of Stanley Black & Decker from $107.00 to $98.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Stanley Black & Decker from $80.00 to $88.00 and gave the stock an “underweight” rating in a research report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $102.29. Get Our Latest Report on SWK Stanley Black & Decker Profile ( Free Report ) Stanley Black & Decker, Inc provides hand tools, power tools, outdoor products, and related accessories in the United States, Canada, Other Americas, Europe, and Asia. Its Tools & Outdoor segment offers professional grade corded and cordless electric power tools and equipment, including drills, impact wrenches and drivers, grinders, saws, routers, and sanders; pneumatic tools and fasteners, such as nail guns, nails, staplers and staples, and concrete and masonry anchors; corded and cordless electric power tools; hand-held vacuums, paint tools, and cleaning appliances; leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, and industrial and automotive tools; drill, screwdriver, router bits, abrasives, saw blades, and threading products; tool boxes, sawhorses, medical cabinets, and engineered storage solutions; and electric and gas-powered lawn and garden products. Featured Articles Want to see what other hedge funds are holding SWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stanley Black & Decker, Inc. ( NYSE:SWK – Free Report ). 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Star goaler Garbin claims top netball prizeKolkata: Woman’s severed head found in polythene, brother-in-law arrestedThe federal government is "deploying additional resources" to address the aerial drones that have prompted concern among East Coast residents − many in New Jersey − in recent weeks, Homeland Security Secretary Alejandro Mayorkas said Sunday. “There's no question that people are seeing drones,” he said Sunday on ABC News “This Week.” “I want to assure the American public that we in the federal government have deployed additional resources, personnel, technology to assist the New Jersey State Police in addressing the drone sightings.” Mayorkas said more than 1 million drones are registered in the U.S. A Chinese national living in Northern California was arrested last week on suspicion of flying a drone over restricted airspace − over Vandenberg Space Force Base, Mayorkas said. "It is our job to be vigilant," he said. "If there is any reason for concern, if we identify any foreign involvement or crimnial activity we will communicate with the American public accordingly. Right now we are not aware of any." Last week, White House National Security Communications Adviser John Kirby said the drone sightings appeared to be piloted aircraft, adding that there was no evidence the sightings "pose a national security or a public safety threat or have a foreign nexus." Kirby did say the Department of Homeland Security and the FBI were working closely with state and local law enforcement to provide "numerous detection methods" to solve the mystery. For the last few weeks, people in New Jersey have reported drone sightings that have attracted the attention of local residents, politicians and even President-elect Donald Trump . Concerned witnesses have described clusters of lights, saying they look like drones hovering over populated areas around the state. The sightings have expanded to New York and Maryland , but government officials haven’t been able to put people’s minds at ease. 'Drone sightings' prompt worries: But these theories could explain what's happening Some sightings may not be drones The FBI and the Department of Homeland Security have said such sightings mostly appear to not be drones at all. “Historically, we have experienced cases of mistaken identity, where reported drones are, in fact, manned aircraft or facilities,” the agencies said in a joint statement . Harry Direen, an electronic and software engineering expert at DireenTech, said he wouldn’t be surprised if people were seeing drones at first, but that once the notion of drones took hold, people assumed any aircraft they couldn’t identify was a drone. “After what were likely valid sightings of possibly hobbyist drones, every aircraft can then become suspicious,” he said. − Jeanine Santucci
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