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Elon Musk, CEO of Tesla and SpaceX, has committed to fiercely defending the H-1B visa program for foreign tech workers. His declaration comes amidst a discord between President-elect Donald Trump's supporters and new backers from the tech sector. In a social media post, Musk referred to the importance of H-1B visas, citing their role in strengthening America by attracting critical talent to companies like SpaceX and Tesla. Musk himself, a naturalized U.S. citizen originally from South Africa, has benefited from the program. The dispute underscores tensions over immigration policy, emphasizing the tech industry's dependence on the program while attracting criticism for potentially suppressing wages and limiting job opportunities for native citizens. (With inputs from agencies.)
Investing in dividend stocks when prices are down is a strategy that’s not just about getting a bargain. It’s about amplifying your returns. Imagine spotting a coveted item on sale at your favourite store: not only do you pay less, but you get the same quality product. Now, imagine that this product comes with a feature that grows in value the less you pay. That’s exactly what happens with dividend stocks. When a stock’s price falls, its yield increases, offering savvy investors a better return for every dollar invested. It’s the financial equivalent of a double win, and ( ) is a shining example of why this approach works. Why Nutrien? Nutrien is a global leader in agricultural solutions, providing crop nutrients and services to farmers around the world. Currently, its stock is trading at $68.07 per share on the TSX, down from its 52-week high of $83.14. While this decline might concern some, it’s an enticing opportunity for dividend investors. Why? Because Nutrien’s forward annual dividend rate of $2.99 now yields approximately 4.34%. That’s significantly higher than its five-year average yield of 3.45%. In simple terms, you’re getting more income for less investment. It’s like grabbing the last discounted item on a shelf before everyone else realizes it’s on sale. Digging into Nutrien’s recent financials shows why the stock is still a strong contender. In the third quarter of 2024, Nutrien reported adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $1 billion, thus underscoring its ability to remain profitable despite market challenges. Sure, earnings were lower year over year, but this is part of the cyclical nature of the agricultural sector. Nutrien’s potash segment, a cornerstone of its business, delivered record sales volumes of 11.1 million tonnes in the first nine months of the year. This performance prompted Nutrien to revise its full-year potash sales guidance upward to 13.5 to 13.9 million tonnes — a sign of confidence in its operational strength. Beyond its core financials, Nutrien’s shareholder-focused initiatives make it particularly attractive. The dividend stock has consistently returned value to investors through dividends and share repurchases. In the second half of 2024 alone, Nutrien repurchased 1.5 million shares for about $75 million. This buyback program reduces the number of outstanding shares, effectively increasing the value of each remaining share. Combine that with a steady dividend payout, and it’s clear Nutrien prioritizes its investors, even in tougher times. Looking ahead What makes Nutrien especially intriguing is its proactive approach to navigating market conditions. The dividend stock committed to achieving approximately $200 million in annual consolidated savings by 2025, a target it expects to reach ahead of schedule. These cost-saving measures, coupled with its strong market presence, position Nutrien for continued resilience and growth. Another factor in Nutrien’s favour is its valuation. The dividend stock’s forward price-to-earnings (P/E) ratio of 12.50 is considerably lower than many of its peers, suggesting the stock may be undervalued. For long-term investors, this represents an opportunity to buy into a market leader at a discount. Coupled with the higher yield resulting from the stock’s recent price dip, this makes Nutrien a compelling option for both and income-focused portfolios. Looking ahead, Nutrien’s focus on operational efficiency and market expansion provides a clear growth trajectory. The dividend stock’s strategic initiatives, including enhancing its digital agriculture offerings and expanding its retail network, are designed to capture market share and drive profitability. These moves align with broader trends in the industry, such as the increasing adoption of technology in farming and the push for sustainable agricultural practices. Foolish takeaway Buying dividend stocks like Nutrien while they’re down isn’t just like getting a deal. It’s like getting an upgraded version of your favourite product at a lower price. You secure a higher yield, position yourself for future appreciation, and invest in a dividend stock that’s committed to rewarding its shareholders. Nutrien’s strong fundamentals, shareholder-focused strategies, and promising industry outlook make it a standout choice. So, while the market may be looking elsewhere, this is your chance to grab a gem at a bargain and enjoy the dividends.
ATLANTIC CITY, N.J. (AP) — New Jersey gambling regulators have handed out $40,000 in fines to two sportsbooks and a tech company for violations that included taking bets on unauthorized events, and on games that had already ended. In information made public Monday, the New Jersey Division of Gaming Enforcement fined DraftKings $20,000. It also levied $10,000 fines on Rush Street Interactive NJ and the sports betting technology company Kambi. According to documents released by the state, Rush Street accepted 16 bets worth $1,523 in Nov. 2021 on a college basketball game between the University of North Carolina-Asheville and Tennessee Tech University after the game had already concluded with a UNC victory. Kambi told the enforcement division that a trader had failed to manually remove that game from its betting markets, saying it had stopped receiving messages from its own sports data provider due to a network connectivity error. Kambi said it has updated its guidelines and retrained its traders to prevent a recurrence. Kambi, which is based in Malta, did not immediately respond to a message seeking comment Monday. Rush Street declined comment, and DraftKings had no immediate comment Monday. DraftKings stopped using Kambi in 2021. In March 2022 Rush Street took seven bets totaling just under $2,900 on three Magic City Jai Alai games after the results were already known. Kambi told the division it experienced a connectivity issue that allowed the bets to be accepted after the games were over. An explanation of what Kambi did to address the situation was blacked out in documents released by the division. A month earlier Rush Street took 13 wagers worth $8,150 with pre-match odds on a Professional Golf Association match after the event had already begun. In this case, Kambi told the division a newly hired trader failed to enter the correct closing time time for bets on the event. The trader and a supervisor underwent retraining. DraftKings was fined for taking bets on unapproved events including Russian basketball for nine months in 2020 and 2021. It eventually voided over $61,000 in bets and returned the money to customers after being directed to do so by the state. In this case, Kambi told the division it misidentified this particular Russian basketball league as one that was approved for wagering in New Jersey. DraftKings told the state it did not catch the error, either. In 2020, DraftKings accepted 484 wagers on unapproved table tennis matches. Kambi incorrectly enabled the events for wagering without conditions required by the state, the division said. In Feb. 2022, the division said DraftKings took pre-season NFL bets involving specific players but did not give the state specific information on what information was to be included in the bets, drawing 182 wagers worth nearly $7,000 that were later voided and refunded to customers. Follow Wayne Parry on X atAMC Entertainment Holdings Inc. Cl A stock rises Wednesday, still underperforms marketAP News in Brief at 6:04 p.m. EST
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TORONTO, Dec. 16, 2024 (GLOBE NEWSWIRE) — Electrovaya Inc. (“ ” or the “ ”) (NASDAQ: ELVA; TSX: ELVA), a leading lithium-ion battery technology and manufacturing company, is pleased to announce that the Company is commencing an underwritten public offering (the “ ”) of its common shares (the “ ”). All of the shares are being offered by the Company. The shares will be offered in the United States pursuant to a shelf registration statement (including a prospectus supplement thereto) previously filed with and declared effective by the Securities and Exchange Commission (the “ ”) on September 25, 2024 in accordance with the Multijurisdictional Disclosure System established between Canada and the United States, and will be qualified for distribution in the provinces and territories of Canada by way of a prospectus supplement to the Company’s base shelf prospectus dated September 17, 2024, provided that no securities will be sold in the Province of Québec. Roth Capital Partners, Raymond James Ltd. and Craig-Hallum Capital Group LLC are acting as the co-lead book-running managers for the proposed Offering. The Company intends to use the net proceeds from the Offering to satisfy the cash collateral conditions for the loan approved by the Export-Import Bank of the United States announced by the Company on November 14, 2024, repayment of amounts under the Company’s existing working capital facility in advance of proposed bank refinancing and for the costs of such financing, and satisfaction of certain outstanding amounts in connection with the purchase of the Company’s Jamestown, New York manufacturing facility. The Offering is expected to be priced in the context of the market, with the final terms of the Offering to be determined at the time of pricing. There can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering. The closing of the Offering will be subject to customary closing conditions, including the listing of the Common Shares on the Toronto Stock Exchange (“ ”) and the Nasdaq Capital Market (“ ”) and any required approvals of TSX and NASDAQ. A preliminary prospectus supplement and accompanying prospectus relating to the offering will be filed with the SEC and will be available for free on the SEC’s website at www.sec.gov and the prospectus supplement filed in Canada will be available on the Company’s profile on the SEDAR+ website at www.sedarplus.ca. Copies of the preliminary prospectus supplement and accompanying prospectus relating to the Offering, when available, may also be obtained by contacting Roth Capital Partners, LLC at 888 San Clemente Drive, Newport Beach CA 92660 by phone at (800)-678-9147 or e-mail at . Prospective investors should read the preliminary prospectus supplement and accompanying prospectus relating to the Offering, and the base shelf prospectus and the other documents the Company has filed before making an investment decision. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, state or jurisdiction. : Jason Roy VP, Corporate Development and Investor Relations Electrovaya Inc. 905-855-4618 / Electrovaya Inc. (NASDAQ:ELVA) (TSX:ELVA) is a pioneering leader in the global energy transformation, focused on contributing to the prevention of climate change by supplying safe and long-lasting lithium-ion batteries without compromising energy and power. The Company has extensive IP and designs, develops and manufactures proprietary lithium-ion batteries, battery systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications. Electrovaya has two operating sites in Canada and a 52-acre site with a 135,000 square foot manufacturing facility in Jamestown New York state for its planned gigafactory. To learn more about how Electrovaya is powering mobility and energy storage, please explore .
ON Semiconductor Q3: Remain Soft In Automotive And IndustrialDemolition began last week on the old visitor center at the Little Bighorn Battlefield National Monument near Crow Agency. The battlefield was recently awarded a construction contract to replace the 73-year-old visitor center. The National Park Service is coordinating with the park's associated tribes and stakeholders to develop interpretive exhibits that better tell the complex stories surrounding the landscape, site and people. The nearly $14 million project is funded by the Centennial Challenge program and donations through the National Park Foundation (NPF), including a lead grant from The Leona M. and Harry B. Helmsley Charitable Trust. The new 9,000-square-foot building will be constructed on the footprint of the old visitor center. Nomlaki Technologies LLC, based in West Sacramento, California, is a 100% tribally owned company of members of the Paskenta Band of Nomlaki Indians. The new building will provide prominent views of the battlefield and will feature a roof deck, an improved parking area, accessible walkways, and enhanced visitor amenities to accommodate increased visitor use. Stay up-to-date on the latest in local and national government and political topics with our newsletter.Dr Manmohan Singh's Legacy Continues To Shape India: UK Foreign Secretary
Qatar tribune Agencies Gaza The Israeli military has continued “its intensive land, air and sea aggression on northern Gaza for 60 days” that also wounded 10,000 others, Gaza’s Media Office said. A statement by the office on Telegram said 2,400 of the 3,700 people who were killed or missing were “buried” under the rubble. During the offensive, the Israeli forces also detained 1,750 people, the office added. “The occupation also targeted and prevented the work of civil defence crews in the governorate, in addition to its destruction of vital sectors,” most notably the health sector and water networks, it said. The statement said the condition of the sanitation facilities, infrastructure and road networks exacerbated the humanitarian crisis in northern Gaza, declaring the region “disaster-stricken in every sense of the word”. The Media Office also said a decision by the UN refugee agency for Palestinians (UNRWA) to halt the delivery of much-needed aid to the hunger-stricken, besieged territory is “shocking and surprising”. In a statement, the office blamed Israel for the “dangerous ramifications” of the move and called on UNRWA to resume the delivery of aid via other border crossings. Earlier, UNRWA said its decision to stop delivering aid via the Karem Abu Salem (Kerem Shalom to Israelis) crossing was due to security concerns. “We urge to uphold its humanitarian responsibilities and retract the decision that is going to threaten the lives of more than two million people, especially women and children,” it said. UNRWA has said humanitarian aid reaching Gaza for the past year of war has been “nowhere near enough” for its 2.2 million population. “While attacks continue, people, including children, are facing hunger, living in shelters and tents, and relying on humanitarian aid,” UNRWA said on X. According to its count, only 65 aid trucks per day had been able to enter Gaza this past month, compared with a pre-war average of 500. International aid organisations have repeatedly raised alarm over the deteriorating conditions in Gaza, warning that civilians are on the brink of famine. They have said aid shipments reaching the enclave are now at their lowest since the start of the war. UNRWA chief Philippe Lazzarini has said the agency “remains the backbone of humanitarian response” in Gaza. In an address in Cairo, he called for the use of “a robust international legal and political framework” to ensure the continuation of humanitarian aid to Gaza. “Without this, humanitarians, however selfless and courageous, cannot stay and deliver,” he added. The UN agency recently announced it was stopping aid deliveries to Gaza from the key Karem Abu Salem (Kerem Shalom) crossing between Israel and Gaza due to the deteriorating security situation. Meanwhile, the Israeli military on Monday declared another of the hostages held by Hamas in the Gaza Strip to be dead. The hostage in question is a 21-year-old Israeli-American soldier born in New York, the Israel Defense Forces (IDF) wrote on social media platform X. He was killed during the Hamas-led October 7 attacks on Israel and his body has been held in the Gaza Strip ever since, according to the IDF, citing intelligence. The Hostages and Missing Families Forum, a group that represents the family members of hostages still held in Gaza as well as the Israeli communities attacked on October 7, said that the soldier, a tank commander, had been abducted along with other troops that day. Hamas and other groups crossed the border from the Gaza Strip into Israel on October 7 last year, killing around 1,200 people and abducting more than 250 others. Israel responded by pounding Gaza with airstrikes and launching a ground offensive into the Palestinian territory. At least 44,000 people have been killed in Gaza since the war began, according to the Hamas-controlled health authority. Many of the 100 hostages still unaccounted for are no longer believed to be alive. They include holders of dual nationality, including US citizens. Meanwhile, the armed wing of Hamas, the Qassam Brigades, said its fighters have targeted “enemy positions” in the kibbutzim of Nirim and Ein HaShlosha in southern Israel with several rockets.At least 44,466 people have been killed and 105,358 wounded in Israeli attacks on Gaza since October 7, 2023, the enclave’s Health Ministry said, on Monday. Of those, 37 Palestinians were killed and 108 wounded in the latest 24-hour reporting period, the ministry added. (Agencies) Copy 03/12/2024 10Iga Swiatek’s doping case: 'Friendship' with WADA president sparks controversy
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(Reuters) - The Bahamas' legislature was forced to suspend its session on Wednesday after a heated debate about a police corruption scandal escalated, with one opposition lawmaker grabbing the symbolic parliamentary mace and throwing it out the window. Parliament member Shanendon Cartwright, frustrated after Speaker Patricia Deveaux did not let him speak, was seen rushing up where she was seated, grabbing the parliamentary mace, a heavy ceremonial staff, off the bench, and then tossing it out a nearby window. "Get him!" Deveaux then yelled, with the incident recorded on a government broadcast. He, alongside several ally lawmakers, were forced out of the building by police. The move harks back to 1965, when the leader of the opposition threw the mace out of a window in a push for political change, an event that became known as "Black Tuesday." It comes after U.S. federal prosecutors charged several high-ranking Bahamian police officials with facilitating the flow of cocaine into the U.S. in exchange for bribes. Prime Minister Philip Davis said during the session on Wednesday that the police commissioner had resigned, and promised a complete overhaul of the force to weed out corruption. Outside parliament, dozens of protesters gathered, shouting "Police are criminals!" (Reporting by Kylie Madry and Robertson S. Henry; Editing by David Gregorio) Copyright 2024 Thomson Reuters .The immigration officers sat in their vehicles before dawn near a two-story building. A New York subway line rumbled overhead, then an officer's voice crackled over the radio. After watching for about two hours, he said, “I think that's Tango,” using a term for target. “Gray hoodie. Backpack. Walking quickly.” The immigration officers surrounded and handcuffed a 23-year-old man from Ecuador who had been convicted of sexually assaulting a minor. Kenneth Genalo, head of Enforcement and Removal Operations for Immigration and Customs Enforcement in New York, said a popular misconception is that officers can sweep into a community and pick up a wide swath of people who are in the United States illegally and send them to their home countries. “It’s called targeted enforcement,” Genalo said. “We don’t grab people and then take them to JFK and put them on a plane." With Donald Trump returning to the White House, there is intense interest in how the Republican will carry out his immigration agenda , including a campaign pledge of mass deportations. His priorities could run into the realities faced by agents focused on enforcement and removals, including the unit in New York that offered The Associated Press a glimpse into its operations: The number of people already on its lists to target eclipses the number of officers available to do the work. The Biden administration had narrowed deportation priorities to public safety threats and recent border crossers. Trump's incoming “border czar,” Tom Homan , says officials in the new administration also will prioritize those who pose a risk, such as criminals, before moving on to immigrants whom courts have ordered removed from the U.S. But Homan also has signaled that enforcement could be wider: “If you’re in the country illegally you got a problem,” he said recently on Dr. Phil’s Merit TV. It's a tall order. About 1.4 million people have final orders of removal, while about 660,000 under immigration supervision either have been convicted of crimes or are facing charges. But only 6,000 officers within ICE are tasked with monitoring noncitizens in the country and then finding and removing those not eligible to stay. Those staffing numbers have largely remained static as their caseload has roughly quadrupled over the past decade to 7.6 million. About 10% of that workforce was pulled from their regular duties last year to go to the U.S.-Mexico border at times when immigration spiked. Jason Houser, ICE chief of staff earlier in the Biden administration, said the number of officers needed to pursue those deemed a public safety threat are at direct odds with the goal of deporting people in large numbers. “You're not going to be able to do both of those with the resources you have, with the deportation officers you have,” Houser said. “Just the arithmetic, the time-intensive nature of those sort of arrests will overwhelm any ability to get to those large scale numbers.” Genalo said the officers in charge of individual cases have to get a lead, ensure they have the legal authority to arrest someone and then track the person down. They generally aren't allowed to enter a residence, so they want to catch people outside. On this recent operation, about a dozen officers gathered before 5 a.m. at a White Castle parking lot in the Bronx. After putting on their body armor and checking their equipment, they circled around for a briefing. Besides the 23-year-old Ecuadorian man, they were going after a 36-year-old Mexican man convicted of forcibly touching a young girl and another Ecuadorian also convicted of sexual abuse of a minor. The first target, the 23-year-old man, who pleaded guilty to raping a 14-year-old girl, was believed to usually leave the apartment building around 7 a.m. or 7:30 a.m. Sometimes he was with a woman and child. “Light came on in the first floor of the apartment,” an officer waiting outside said over the radio. Then later: “Someone came out of the basement, but it’s not our target.” They finally spotted him, swept him into the back of a vehicle and quickly left the neighborhood. Inside, the man's 22-year-old wife didn't know what had happened until he called later from detention. In an interview, she said they met in Ecuador and had a child — a bubbly 3-year-old girl with braids — and she was pregnant with their second. He worked construction while she was a manicurist. She said she knew why her husband had been arrested but felt there were important mitigating factors. She said they knew it was possible her husband could be sent back to Ecuador after his criminal case wrapped up but that it was still a shock. ICE deported more than 270,000 people over a recent 12-month period, the highest annual tally in a decade, the agency said in a recent report. But it also said it made fewer arrests of noncitizens, in part because of the demand of sending staff to the border. Of those arrested, a greater proportion had serious criminal histories. Some cities and states work with ICE to turn over people in their custody who aren't U.S. citizens. But many left-leaning states and cities have so-called sanctuary policies that limit cooperation with federal immigration authorities. In New York City, for example, ICE used to have an office at the jail to easily take custody of noncitizens. In 2014, then-Mayor Bill de Blasio signed legislation kicking out ICE and restricting police cooperation. His successor, Eric Adams, has shown willingness to revisit some of those policies. He recently met with Homan and told reporters they agreed on pursuing people who commit violent crimes. Genalo said agents spend time and resources picking up immigrants few would argue should have the right to stay in America. “How can you state that sanctuary policies help the community when you’re releasing all these criminals right back into the community?” he said. “We’re safer when we collaborate.” Staffing is also an issue. He said he's supposed to have about 325 officers, but in recent years, the number has been about 30% lower. Many immigration advocates have long-standing concerns about ICE's tactics, and those concerns are deepening with Trump's return to office in January. Advocates say the incoming administration's position of going after public safety threats is already longtime policy. They object to rhetoric they say paints immigrants as people to be feared. They say there can be nuances in some cases: Maybe someone committed a crime a long time ago and has been rehabilitated, or someone facing a final order of removal moved and never got the notice. During Trump's first term, there were a lot of “collateral arrests” where immigration officers would detain others besides those being targeted, said Jehan Laner, a senior staff attorney for the Immigrant Legal Resource Center. That destabilizes communities, she said, adding, “We saw them go after everyone.” Genalo said he couldn’t comment on the incoming administration’s plans but stressed that officers are going after specific targets with criminal histories. He said he has a docket of about 58,000 people who either have criminal convictions or pending charges. “I’m pretty sure we’re going to be tied up for a while dealing with the criminal population," Genalo said. ___ Associated Press reporter Cedar Attanasio contributed to this report.Cloud AI Solutions Market Poised for Explosive Growth, Reaching $254.6 Billion by 2031 | TMR
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