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In the latest trading session, ANI Pharmaceuticals (ANIP - Free Report) closed at $55.02, marking a +0.7% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.76%. Meanwhile, the Dow experienced a rise of 0.59%, and the technology-dominated Nasdaq saw an increase of 1.12%.
Prior to today's trading, shares of the drugmaker had lost 0.91% over the past month. This has lagged the Medical sector's gain of 1.57% and the S&P 500's gain of 2.5% in that time.
The investment community will be paying close attention to the earnings performance of ANI Pharmaceuticals in its upcoming release. On that day, ANI Pharmaceuticals is projected to report earnings of $0.78 per share, which would represent year-over-year growth of 2.63%. Alongside, our most recent consensus estimate is anticipating revenue of $119.38 million, indicating a 26.69% upward movement from the same quarter last year.
Investors should also note any recent changes to analyst estimates for ANI Pharmaceuticals. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. ANI Pharmaceuticals is currently a Zacks Rank #3 (Hold).
In the context of valuation, ANI Pharmaceuticals is at present trading with a Forward P/E ratio of 13.46. This valuation marks a discount compared to its industry's average Forward P/E of 22.01.
The Medical - Biomedical and Genetics industry is part of the Medical sector. Currently, this industry holds a Zacks Industry Rank of 96, positioning it in the top 39% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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https://www.zacks.com/stock/news/2217501/ani-pharmaceuticals-anip-rises-yet-lags-behind-market-some-facts-worth-knowing
| 2024-01-30T03:20:48Z
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DexCom (DXCM - Free Report) closed the most recent trading day at $124.25, moving +1.88% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.76% for the day. At the same time, the Dow added 0.59%, and the tech-heavy Nasdaq gained 1.12%.
The medical device company's shares have seen a decrease of 1.72% over the last month, not keeping up with the Medical sector's gain of 1.57% and the S&P 500's gain of 2.5%.
The upcoming earnings release of DexCom will be of great interest to investors. The company's earnings report is expected on February 8, 2024. It is anticipated that the company will report an EPS of $0.43, marking a 26.47% rise compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $1.03 billion, up 26.38% from the year-ago period.
Investors might also notice recent changes to analyst estimates for DexCom. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 0.74% rise in the Zacks Consensus EPS estimate. DexCom is currently a Zacks Rank #3 (Hold).
From a valuation perspective, DexCom is currently exchanging hands at a Forward P/E ratio of 71.25. This represents a premium compared to its industry's average Forward P/E of 26.35.
Meanwhile, DXCM's PEG ratio is currently 2.38. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Medical - Instruments stocks are, on average, holding a PEG ratio of 2.4 based on yesterday's closing prices.
The Medical - Instruments industry is part of the Medical sector. This group has a Zacks Industry Rank of 151, putting it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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https://www.zacks.com/stock/news/2217502/dexcom-dxcm-outpaces-stock-market-gains-what-you-should-know
| 2024-01-30T03:20:58Z
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The most recent trading session ended with Goldman Sachs BDC (GSBD - Free Report) standing at $15.32, reflecting a -0.13% shift from the previouse trading day's closing. This change lagged the S&P 500's daily gain of 0.76%. Elsewhere, the Dow saw an upswing of 0.59%, while the tech-heavy Nasdaq appreciated by 1.12%.
Heading into today, shares of the specialty finance company had gained 4.71% over the past month, outpacing the Finance sector's loss of 2.01% and the S&P 500's gain of 2.5% in that time.
Market participants will be closely following the financial results of Goldman Sachs BDC in its upcoming release. The company plans to announce its earnings on February 28, 2024. The company is predicted to post an EPS of $0.57, indicating a 12.31% decline compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $117.09 million, indicating a 9.94% upward movement from the same quarter last year.
Any recent changes to analyst estimates for Goldman Sachs BDC should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Goldman Sachs BDC is holding a Zacks Rank of #3 (Hold) right now.
With respect to valuation, Goldman Sachs BDC is currently being traded at a Forward P/E ratio of 6.9. This denotes a discount relative to the industry's average Forward P/E of 7.78.
The Financial - SBIC & Commercial Industry industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 180, positioning it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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https://www.zacks.com/stock/news/2217503/goldman-sachs-bdc-gsbd-stock-falls-amid-market-uptick-what-investors-need-to-know
| 2024-01-30T03:21:04Z
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Virgin Galactic (SPCE - Free Report) closed the latest trading day at $1.92, indicating a +1.59% change from the previous session's end. The stock outpaced the S&P 500's daily gain of 0.76%. At the same time, the Dow added 0.59%, and the tech-heavy Nasdaq gained 1.12%.
The company's stock has dropped by 22.86% in the past month, falling short of the Aerospace sector's loss of 4.16% and the S&P 500's gain of 2.5%.
Analysts and investors alike will be keeping a close eye on the performance of Virgin Galactic in its upcoming earnings disclosure. The company's upcoming EPS is projected at -$0.30, signifying a 45.45% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $2.99 million, up 243.1% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for Virgin Galactic. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 1.79% higher within the past month. Virgin Galactic is holding a Zacks Rank of #3 (Hold) right now.
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 153, putting it in the bottom 40% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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https://www.zacks.com/stock/news/2217504/why-virgin-galactic-spce-outpaced-the-stock-market-today
| 2024-01-30T03:21:11Z
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The latest trading session saw Subaru Corporation (FUJHY - Free Report) ending at $9.99, denoting a +1.32% adjustment from its last day's close. The stock outperformed the S&P 500, which registered a daily gain of 0.76%. On the other hand, the Dow registered a gain of 0.59%, and the technology-centric Nasdaq increased by 1.12%.
Coming into today, shares of the company had gained 8.73% in the past month. In that same time, the Auto-Tires-Trucks sector lost 13.1%, while the S&P 500 gained 2.5%.
The investment community will be closely monitoring the performance of Subaru Corporation in its forthcoming earnings report.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Subaru Corporation. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 6.41% upward. Currently, Subaru Corporation is carrying a Zacks Rank of #2 (Buy).
In the context of valuation, Subaru Corporation is at present trading with a Forward P/E ratio of 5.94. This represents a discount compared to its industry's average Forward P/E of 6.14.
It's also important to note that FUJHY currently trades at a PEG ratio of 0.25. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. FUJHY's industry had an average PEG ratio of 0.35 as of yesterday's close.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 59, finds itself in the top 24% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow FUJHY in the coming trading sessions, be sure to utilize Zacks.com.
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https://www.zacks.com/stock/news/2217505/subaru-corporation-fujhy-surpasses-market-returns-some-facts-worth-knowing
| 2024-01-30T03:21:17Z
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For the quarter ended December 2023, Heartland Financial (HTLF - Free Report) reported revenue of $44.34 million, down 77.3% over the same period last year. EPS came in at $1.06, compared to $1.37 in the year-ago quarter.
The reported revenue represents a surprise of -75.18% over the Zacks Consensus Estimate of $178.6 million. With the consensus EPS estimate being $1.07, the EPS surprise was -0.93%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Heartland Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 293.9% versus 61.4% estimated by two analysts on average.
- Net Interest Margin: 3.5% versus 3.3% estimated by two analysts on average.
- Average Balance - Total interest earning assets: $17.85 billion compared to the $18.22 billion average estimate based on two analysts.
- Net charge-offs to average loans: 0% versus 0.1% estimated by two analysts on average.
- Net Interest Income (FTE): $158.20 million versus the two-analyst average estimate of $148.75 million.
- Trust fees: $4.91 million compared to the $4.80 million average estimate based on two analysts.
- Net gains on sale of loans held for sale: $0.09 million versus the two-analyst average estimate of $0.78 million.
- Loan servicing income: $0.16 million versus $0.29 million estimated by two analysts on average.
- Service charges and fees net: $18.71 million versus $18.49 million estimated by two analysts on average.
- Income on bank owned life insurance: $0.73 million versus the two-analyst average estimate of $0.88 million.
- Brokerage and insurance commissions: $0.73 million versus $0.70 million estimated by two analysts on average.
- Total Non Interest Income: -$111.80 million compared to the $29.38 million average estimate based on two analysts.
Shares of Heartland Financial have returned +0.7% over the past month versus the Zacks S&P 500 composite's +2.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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https://www.zacks.com/stock/news/2217506/heres-what-key-metrics-tell-us-about-heartland-financial-htlf-q4-earnings
| 2024-01-30T03:21:23Z
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For the quarter ended December 2023, Alexandria Real Estate Equities (ARE - Free Report) reported revenue of $757.22 million, up 13% over the same period last year. EPS came in at $2.28, compared to $0.31 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $739.31 million, representing a surprise of +2.42%. The company delivered an EPS surprise of -0.44%, with the consensus EPS estimate being $2.29.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Alexandria Real Estate Equities performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Rental: $742.64 million versus $726.19 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +11.6% change.
- Revenues- Other income: $14.58 million versus $8.62 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +216.5% change.
- Net Earnings Per Share (Diluted): -$0.54 versus the four-analyst average estimate of $0.56.
Shares of Alexandria Real Estate Equities have returned -1.9% over the past month versus the Zacks S&P 500 composite's +2.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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https://www.zacks.com/stock/news/2217507/alexandria-real-estate-equities-are-q4-earnings-taking-a-look-at-key-metrics-versus-estimates
| 2024-01-30T03:21:29Z
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Woodward (WWD - Free Report) reported $786.73 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 27.2%. EPS of $1.45 for the same period compares to $0.49 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $739.34 million, representing a surprise of +6.41%. The company delivered an EPS surprise of +31.82%, with the consensus EPS estimate being $1.10.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Woodward performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Segment external net sales- Aerospace: $460.76 million versus the three-analyst average estimate of $446.72 million. The reported number represents a year-over-year change of +16.5%.
- Segment external net sales- Industrial: $325.97 million versus $285.43 million estimated by three analysts on average.
- Segment earnings- Aerospace: $79 million versus $75.65 million estimated by three analysts on average.
- Segment earnings (loss)- Industrial: $66.88 million versus the three-analyst average estimate of $40.14 million.
Shares of Woodward have returned +2.3% over the past month versus the Zacks S&P 500 composite's +2.5% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
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https://www.zacks.com/stock/news/2217508/woodward-wwd-q1-earnings-taking-a-look-at-key-metrics-versus-estimates
| 2024-01-30T03:21:36Z
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Carrols Restaurant Group (TAST - Free Report) ended the recent trading session at $9.40, demonstrating a +0.11% swing from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.76%. On the other hand, the Dow registered a gain of 0.59%, and the technology-centric Nasdaq increased by 1.12%.
Shares of the restaurant operator witnessed a gain of 19.16% over the previous month, beating the performance of the Retail-Wholesale sector with its gain of 1.32% and the S&P 500's gain of 2.5%.
Analysts and investors alike will be keeping a close eye on the performance of Carrols Restaurant Group in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.05, signifying a 200% increase compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $470.41 million, indicating a 5.7% growth compared to the corresponding quarter of the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Carrols Restaurant Group. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 7.69% rise in the Zacks Consensus EPS estimate. Right now, Carrols Restaurant Group possesses a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Carrols Restaurant Group is currently trading at a Forward P/E ratio of 16.77. This expresses a discount compared to the average Forward P/E of 19.79 of its industry.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 169, putting it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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https://www.zacks.com/stock/news/2217511/carrols-restaurant-group-tast-rises-yet-lags-behind-market-some-facts-worth-knowing
| 2024-01-30T03:21:42Z
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Urban Outfitters (URBN - Free Report) ended the recent trading session at $39.10, demonstrating a +0.46% swing from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.76%. Elsewhere, the Dow saw an upswing of 0.59%, while the tech-heavy Nasdaq appreciated by 1.12%.
The clothing and accessories retailer's shares have seen an increase of 9.05% over the last month, surpassing the Retail-Wholesale sector's gain of 1.32% and the S&P 500's gain of 2.5%.
The investment community will be paying close attention to the earnings performance of Urban Outfitters in its upcoming release. The company is slated to reveal its earnings on February 27, 2024. The company is predicted to post an EPS of $0.71, indicating an 82.05% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.49 billion, up 7.44% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.25 per share and revenue of $5.15 billion. These totals would mark changes of +85.71% and +7.49%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Urban Outfitters. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.08% higher within the past month. Right now, Urban Outfitters possesses a Zacks Rank of #2 (Buy).
In terms of valuation, Urban Outfitters is currently trading at a Forward P/E ratio of 11.96. This valuation marks a discount compared to its industry's average Forward P/E of 15.24.
Investors should also note that URBN has a PEG ratio of 0.66 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Retail - Apparel and Shoes stocks are, on average, holding a PEG ratio of 1.6 based on yesterday's closing prices.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 100, this industry ranks in the top 40% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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https://www.zacks.com/stock/news/2217512/heres-why-urban-outfitters-urbn-gained-but-lagged-the-market-today
| 2024-01-30T03:21:48Z
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Williams Companies, Inc. (The) (WMB - Free Report) closed the latest trading day at $34.81, indicating a -0.17% change from the previous session's end. This change lagged the S&P 500's 0.76% gain on the day. Elsewhere, the Dow gained 0.59%, while the tech-heavy Nasdaq added 1.12%.
Coming into today, shares of the pipeline operator had gained 0.11% in the past month. In that same time, the Oils-Energy sector lost 2.82%, while the S&P 500 gained 2.5%.
The investment community will be paying close attention to the earnings performance of Williams Companies, Inc. (The) in its upcoming release. The company is slated to reveal its earnings on February 14, 2024. The company is forecasted to report an EPS of $0.47, showcasing a 11.32% downward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.73 billion, down 6.82% from the year-ago period.
Investors might also notice recent changes to analyst estimates for Williams Companies, Inc. (The). These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 3.41% decrease. Williams Companies, Inc. (The) is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Williams Companies, Inc. (The) is holding a Forward P/E ratio of 18.2. For comparison, its industry has an average Forward P/E of 15.24, which means Williams Companies, Inc. (The) is trading at a premium to the group.
We can additionally observe that WMB currently boasts a PEG ratio of 5.2. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Oil and Gas - Production and Pipelines stocks are, on average, holding a PEG ratio of 4.32 based on yesterday's closing prices.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 161, finds itself in the bottom 37% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow WMB in the coming trading sessions, be sure to utilize Zacks.com.
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https://www.zacks.com/stock/news/2217513/williams-companies-inc-the-wmb-stock-sinks-as-market-gains-what-you-should-know
| 2024-01-30T03:21:55Z
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In the latest market close, Hershey (HSY - Free Report) reached $192.79, with a +1.36% movement compared to the previous day. The stock's change was more than the S&P 500's daily gain of 0.76%. Meanwhile, the Dow gained 0.59%, and the Nasdaq, a tech-heavy index, added 1.12%.
The chocolate bar and candy maker's shares have seen an increase of 2.02% over the last month, not keeping up with the Consumer Staples sector's gain of 4.52% and the S&P 500's gain of 2.5%.
Market participants will be closely following the financial results of Hershey in its upcoming release. The company plans to announce its earnings on February 8, 2024. The company is expected to report EPS of $1.95, down 3.47% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $2.74 billion, reflecting a 3.33% rise from the equivalent quarter last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Hershey. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 1.42% fall in the Zacks Consensus EPS estimate. Currently, Hershey is carrying a Zacks Rank of #3 (Hold).
Investors should also note Hershey's current valuation metrics, including its Forward P/E ratio of 19.35. Its industry sports an average Forward P/E of 20.33, so one might conclude that Hershey is trading at a discount comparatively.
One should further note that HSY currently holds a PEG ratio of 2.5. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Food - Confectionery industry currently had an average PEG ratio of 2.44 as of yesterday's close.
The Food - Confectionery industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 110, putting it in the top 44% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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https://www.zacks.com/stock/news/2217514/hershey-hsy-laps-the-stock-market-heres-why
| 2024-01-30T03:22:01Z
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In the latest market close, Vista Oil & Gas, S.A.B. de C.V. Sponsored ADR (VIST - Free Report) reached $33.05, with a -0.39% movement compared to the previous day. This move lagged the S&P 500's daily gain of 0.76%. Meanwhile, the Dow gained 0.59%, and the Nasdaq, a tech-heavy index, added 1.12%.
The the stock of company has risen by 12.44% in the past month, leading the Oils-Energy sector's loss of 2.82% and the S&P 500's gain of 2.5%.
The investment community will be paying close attention to the earnings performance of Vista Oil & Gas, S.A.B. de C.V. Sponsored ADR in its upcoming release. The company's earnings per share (EPS) are projected to be $1.20, reflecting a 57.89% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $346.5 million, up 12.46% from the year-ago period.
It is also important to note the recent changes to analyst estimates for Vista Oil & Gas, S.A.B. de C.V. Sponsored ADR. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Currently, Vista Oil & Gas, S.A.B. de C.V. Sponsored ADR is carrying a Zacks Rank of #3 (Hold).
In the context of valuation, Vista Oil & Gas, S.A.B. de C.V. Sponsored ADR is at present trading with a Forward P/E ratio of 5.83. This indicates a discount in contrast to its industry's Forward P/E of 6.8.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 110, which puts it in the top 44% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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https://www.zacks.com/stock/news/2217515/vista-oil-gas-sab-de-cv-sponsored-adr-vist-stock-drops-despite-market-gains-important-facts-to-note?-gas,-s.a.b.-de-c.v.-sponsored-adr-(vist)-stock-drops-despite-market-gains:-important-facts-to-note
| 2024-01-30T03:22:07Z
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Limbach (LMB - Free Report) closed at $42.71 in the latest trading session, marking a +1.18% move from the prior day. The stock's change was more than the S&P 500's daily gain of 0.76%. Meanwhile, the Dow experienced a rise of 0.59%, and the technology-dominated Nasdaq saw an increase of 1.12%.
The company's stock has dropped by 7.17% in the past month, falling short of the Business Services sector's gain of 0.44% and the S&P 500's gain of 2.5%.
Investors will be eagerly watching for the performance of Limbach in its upcoming earnings disclosure. The company is expected to report EPS of $0.40, down 27.27% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $131.25 million, showing an 8.52% drop compared to the year-ago quarter.
Any recent changes to analyst estimates for Limbach should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Limbach presently features a Zacks Rank of #3 (Hold).
Looking at its valuation, Limbach is holding a Forward P/E ratio of 22.82. For comparison, its industry has an average Forward P/E of 22.82, which means Limbach is trading at no noticeable deviation to the group.
We can additionally observe that LMB currently boasts a PEG ratio of 1.9. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Building Products - Maintenance Service was holding an average PEG ratio of 2.44 at yesterday's closing price.
The Building Products - Maintenance Service industry is part of the Business Services sector. With its current Zacks Industry Rank of 42, this industry ranks in the top 17% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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https://www.zacks.com/stock/news/2217516/limbach-lmb-surpasses-market-returns-some-facts-worth-knowing
| 2024-01-30T03:22:13Z
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Hut 8 (HUT - Free Report) closed at $8.42 in the latest trading session, marking a -0.36% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.76% for the day. Elsewhere, the Dow gained 0.59%, while the tech-heavy Nasdaq added 1.12%.
Heading into today, shares of the crypto currency mining company had lost 36.66% over the past month, lagging the Finance sector's loss of 2.01% and the S&P 500's gain of 2.5% in that time.
The upcoming earnings release of Hut 8 will be of great interest to investors. The company is forecasted to report an EPS of -$0.30, showcasing a 50% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $23.7 million, indicating a 47.36% growth compared to the corresponding quarter of the prior year.
Investors might also notice recent changes to analyst estimates for Hut 8. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Hut 8 is currently sporting a Zacks Rank of #3 (Hold).
In the context of valuation, Hut 8 is at present trading with a Forward P/E ratio of 49.71. Its industry sports an average Forward P/E of 10.26, so one might conclude that Hut 8 is trading at a premium comparatively.
The Financial - Miscellaneous Services industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 161, placing it within the bottom 37% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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https://www.zacks.com/stock/news/2217517/hut-8-hut-stock-declines-while-market-improves-some-information-for-investors
| 2024-01-30T03:22:20Z
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The most recent trading session ended with Nutrien (NTR - Free Report) standing at $51.18, reflecting a +0.63% shift from the previouse trading day's closing. The stock fell short of the S&P 500, which registered a gain of 0.76% for the day. Elsewhere, the Dow saw an upswing of 0.59%, while the tech-heavy Nasdaq appreciated by 1.12%.
Coming into today, shares of the producer of potash and other fertilizers had lost 9.71% in the past month. In that same time, the Basic Materials sector lost 7.22%, while the S&P 500 gained 2.5%.
The investment community will be paying close attention to the earnings performance of Nutrien in its upcoming release. The company is slated to reveal its earnings on February 21, 2024. The company is predicted to post an EPS of $0.72, indicating a 64.36% decline compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $5.24 billion, indicating a 30.4% decrease compared to the same quarter of the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Nutrien. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 4.4% lower. Right now, Nutrien possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Nutrien is currently trading at a Forward P/E ratio of 10.96. Its industry sports an average Forward P/E of 10.12, so one might conclude that Nutrien is trading at a premium comparatively.
One should further note that NTR currently holds a PEG ratio of 1.37. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Fertilizers industry stood at 1.45 at the close of the market yesterday.
The Fertilizers industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 219, putting it in the bottom 14% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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https://www.zacks.com/stock/news/2217518/heres-why-nutrien-ntr-gained-but-lagged-the-market-today
| 2024-01-30T03:22:26Z
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The most recent trading session ended with Horizon Technology Finance (HRZN - Free Report) standing at $13.24, reflecting a -0.15% shift from the previouse trading day's closing. The stock fell short of the S&P 500, which registered a gain of 0.76% for the day. Elsewhere, the Dow saw an upswing of 0.59%, while the tech-heavy Nasdaq appreciated by 1.12%.
Coming into today, shares of the investment company had gained 0.68% in the past month. In that same time, the Finance sector lost 2.01%, while the S&P 500 gained 2.5%.
The investment community will be paying close attention to the earnings performance of Horizon Technology Finance in its upcoming release. The company is predicted to post an EPS of $0.48, indicating a 20% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $29.21 million, indicating a 26.19% increase compared to the same quarter of the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Horizon Technology Finance. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.64% lower. Right now, Horizon Technology Finance possesses a Zacks Rank of #4 (Sell).
In terms of valuation, Horizon Technology Finance is currently trading at a Forward P/E ratio of 7.57. Its industry sports an average Forward P/E of 7.78, so one might conclude that Horizon Technology Finance is trading at a discount comparatively.
The Financial - SBIC & Commercial Industry industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 180, finds itself in the bottom 29% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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https://www.zacks.com/stock/news/2217519/horizon-technology-finance-hrzn-stock-sinks-as-market-gains-heres-why
| 2024-01-30T03:22:32Z
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International Flavors (IFF - Free Report) ended the recent trading session at $82.01, demonstrating a -0.3% swing from the preceding day's closing price. This change lagged the S&P 500's daily gain of 0.76%. At the same time, the Dow added 0.59%, and the tech-heavy Nasdaq gained 1.12%.
The ingredients producer for food, cosmetics and consumer products industries's shares have seen an increase of 1.59% over the last month, not keeping up with the Consumer Staples sector's gain of 4.52% and the S&P 500's gain of 2.5%.
Analysts and investors alike will be keeping a close eye on the performance of International Flavors in its upcoming earnings disclosure. The company's earnings report is set to go public on February 20, 2024. The company's earnings per share (EPS) are projected to be $0.77, reflecting a 20.62% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $2.72 billion, reflecting a 4.47% fall from the equivalent quarter last year.
Investors should also note any recent changes to analyst estimates for International Flavors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.77% higher. At present, International Flavors boasts a Zacks Rank of #3 (Hold).
With respect to valuation, International Flavors is currently being traded at a Forward P/E ratio of 20.07. This signifies a premium in comparison to the average Forward P/E of 17.25 for its industry.
Also, we should mention that IFF has a PEG ratio of 5.25. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Consumer Products - Staples industry currently had an average PEG ratio of 1.83 as of yesterday's close.
The Consumer Products - Staples industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 106, positioning it in the top 43% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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https://www.zacks.com/stock/news/2217520/international-flavors-iff-stock-dips-while-market-gains-key-facts
| 2024-01-30T03:22:38Z
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Bayerische Motoren Werke AG (BAMXF - Free Report) ended the recent trading session at $101.58, demonstrating a +0.08% swing from the preceding day's closing price. The stock lagged the S&P 500's daily gain of 0.76%. At the same time, the Dow added 0.59%, and the tech-heavy Nasdaq gained 1.12%.
The company's shares have seen a decrease of 8.79% over the last month, surpassing the Auto-Tires-Trucks sector's loss of 13.1% and falling behind the S&P 500's gain of 2.5%.
Analysts and investors alike will be keeping a close eye on the performance of Bayerische Motoren Werke AG in its upcoming earnings disclosure.
Investors might also notice recent changes to analyst estimates for Bayerische Motoren Werke AG. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Bayerische Motoren Werke AG is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Bayerische Motoren Werke AG is currently trading at a Forward P/E ratio of 5.33. This denotes a discount relative to the industry's average Forward P/E of 6.14.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 59, which puts it in the top 24% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow BAMXF in the coming trading sessions, be sure to utilize Zacks.com.
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https://www.zacks.com/stock/news/2217521/bayerische-motoren-werke-ag-bamxf-advances-but-underperforms-market-key-facts
| 2024-01-30T03:22:45Z
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Ezcorp (EZPW - Free Report) closed the most recent trading day at $8.78, moving +1.5% from the previous trading session. This change outpaced the S&P 500's 0.76% gain on the day. Elsewhere, the Dow saw an upswing of 0.59%, while the tech-heavy Nasdaq appreciated by 1.12%.
Coming into today, shares of the consumer financial services company had lost 1.03% in the past month. In that same time, the Finance sector lost 2.01%, while the S&P 500 gained 2.5%.
Market participants will be closely following the financial results of Ezcorp in its upcoming release. The company's upcoming EPS is projected at $0.31, signifying a 10.71% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $303.66 million, up 14.88% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.97 per share and revenue of $1.19 billion, indicating changes of +5.43% and +13.1%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Ezcorp. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Ezcorp is currently a Zacks Rank #3 (Hold).
Digging into valuation, Ezcorp currently has a Forward P/E ratio of 8.92. This expresses a discount compared to the average Forward P/E of 8.93 of its industry.
The Financial - Consumer Loans industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 169, finds itself in the bottom 33% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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https://www.zacks.com/stock/news/2217522/ezcorp-ezpw-laps-the-stock-market-heres-why
| 2024-01-30T03:22:51Z
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The most recent trading session ended with Nova Ltd. (NVMI - Free Report) standing at $146.57, reflecting a +0.59% shift from the previouse trading day's closing. The stock's performance was behind the S&P 500's daily gain of 0.76%. Elsewhere, the Dow gained 0.59%, while the tech-heavy Nasdaq added 1.12%.
Heading into today, shares of the maker of monitoring systems used in chip manufacturing had gained 6.06% over the past month, outpacing the Computer and Technology sector's gain of 4.99% and the S&P 500's gain of 2.5% in that time.
Market participants will be closely following the financial results of Nova Ltd. in its upcoming release. The company plans to announce its earnings on February 15, 2024. The company is predicted to post an EPS of $1.24, indicating a 3.13% decline compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $128 million, indicating a 15.37% decrease compared to the same quarter of the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Nova Ltd. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Right now, Nova Ltd. possesses a Zacks Rank of #3 (Hold).
From a valuation perspective, Nova Ltd. is currently exchanging hands at a Forward P/E ratio of 27.36. This signifies a discount in comparison to the average Forward P/E of 30.02 for its industry.
One should further note that NVMI currently holds a PEG ratio of 5.05. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The average PEG ratio for the Electronics - Semiconductors industry stood at 3 at the close of the market yesterday.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 107, this industry ranks in the top 43% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow NVMI in the coming trading sessions, be sure to utilize Zacks.com.
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https://www.zacks.com/stock/news/2217523/nova-ltd-nvmi-rises-but-trails-market-what-investors-should-know
| 2024-01-30T03:22:57Z
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VICI Properties Inc. (VICI - Free Report) closed at $30.43 in the latest trading session, marking a +0.1% move from the prior day. The stock lagged the S&P 500's daily gain of 0.76%. Elsewhere, the Dow saw an upswing of 0.59%, while the tech-heavy Nasdaq appreciated by 1.12%.
Shares of the company have depreciated by 4.64% over the course of the past month, underperforming the Finance sector's loss of 2.01% and the S&P 500's gain of 2.5%.
The investment community will be paying close attention to the earnings performance of VICI Properties Inc. in its upcoming release. The company is slated to reveal its earnings on February 22, 2024. The company is expected to report EPS of $0.55, up 7.84% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $926.32 million, showing a 20.32% escalation compared to the year-ago quarter.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for VICI Properties Inc. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.28% higher. VICI Properties Inc. currently has a Zacks Rank of #3 (Hold).
In terms of valuation, VICI Properties Inc. is currently trading at a Forward P/E ratio of 13.5. This denotes a premium relative to the industry's average Forward P/E of 11.29.
We can additionally observe that VICI currently boasts a PEG ratio of 2.82. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The REIT and Equity Trust - Other was holding an average PEG ratio of 2.53 at yesterday's closing price.
The REIT and Equity Trust - Other industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 153, which puts it in the bottom 40% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow VICI in the coming trading sessions, be sure to utilize Zacks.com.
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https://www.zacks.com/stock/news/2217524/vici-properties-inc-vici-ascends-but-remains-behind-market-some-facts-to-note
| 2024-01-30T03:23:03Z
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In the latest trading session, Philip Morris (PM - Free Report) closed at $91.70, marking a +0.94% move from the previous day. This change outpaced the S&P 500's 0.76% gain on the day. Elsewhere, the Dow saw an upswing of 0.59%, while the tech-heavy Nasdaq appreciated by 1.12%.
Shares of the seller of Marlboro and other cigarette brands witnessed a loss of 3.43% over the previous month, trailing the performance of the Consumer Staples sector with its gain of 4.52% and the S&P 500's gain of 2.5%.
The upcoming earnings release of Philip Morris will be of great interest to investors. The company's earnings report is expected on February 8, 2024. The company is predicted to post an EPS of $1.44, indicating a 3.6% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $8.93 billion, showing a 9.6% escalation compared to the year-ago quarter.
Investors should also pay attention to any latest changes in analyst estimates for Philip Morris. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.58% higher. At present, Philip Morris boasts a Zacks Rank of #3 (Hold).
Looking at valuation, Philip Morris is presently trading at a Forward P/E ratio of 13.84. This valuation marks a premium compared to its industry's average Forward P/E of 9.02.
Also, we should mention that PM has a PEG ratio of 2.43. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Tobacco industry currently had an average PEG ratio of 1.8 as of yesterday's close.
The Tobacco industry is part of the Consumer Staples sector. This industry, currently bearing a Zacks Industry Rank of 110, finds itself in the top 44% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow PM in the coming trading sessions, be sure to utilize Zacks.com.
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https://www.zacks.com/stock/news/2217525/why-philip-morris-pm-outpaced-the-stock-market-today
| 2024-01-30T03:23:10Z
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In the latest market close, Barrick Gold (GOLD - Free Report) reached $15.70, with a +1.09% movement compared to the previous day. This move outpaced the S&P 500's daily gain of 0.76%. At the same time, the Dow added 0.59%, and the tech-heavy Nasdaq gained 1.12%.
Prior to today's trading, shares of the gold and copper mining company had lost 14.15% over the past month. This has lagged the Basic Materials sector's loss of 7.22% and the S&P 500's gain of 2.5% in that time.
The investment community will be closely monitoring the performance of Barrick Gold in its forthcoming earnings report. The company is scheduled to release its earnings on February 14, 2024. On that day, Barrick Gold is projected to report earnings of $0.22 per share, which would represent year-over-year growth of 69.23%. Alongside, our most recent consensus estimate is anticipating revenue of $3.13 billion, indicating a 12.89% upward movement from the same quarter last year.
Any recent changes to analyst estimates for Barrick Gold should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.03% higher within the past month. Barrick Gold is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Barrick Gold currently has a Forward P/E ratio of 13.9. This valuation marks a discount compared to its industry's average Forward P/E of 15.26.
We can also see that GOLD currently has a PEG ratio of 0.98. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Mining - Gold industry currently had an average PEG ratio of 0.98 as of yesterday's close.
The Mining - Gold industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 209, positioning it in the bottom 18% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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https://www.zacks.com/stock/news/2217526/barrick-gold-gold-outperforms-broader-market-what-you-need-to-know
| 2024-01-30T03:23:16Z
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The latest trading session saw Tyson Foods (TSN - Free Report) ending at $54.66, denoting a -0.6% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily gain of 0.76%. Elsewhere, the Dow saw an upswing of 0.59%, while the tech-heavy Nasdaq appreciated by 1.12%.
Coming into today, shares of the meat producer had gained 2.31% in the past month. In that same time, the Consumer Staples sector gained 4.52%, while the S&P 500 gained 2.5%.
Market participants will be closely following the financial results of Tyson Foods in its upcoming release. The company plans to announce its earnings on February 5, 2024. On that day, Tyson Foods is projected to report earnings of $0.38 per share, which would represent a year-over-year decline of 55.29%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $13.3 billion, up 0.31% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.26 per share and a revenue of $52.6 billion, indicating changes of +68.66% and -0.53%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Tyson Foods. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Currently, Tyson Foods is carrying a Zacks Rank of #1 (Strong Buy).
Looking at valuation, Tyson Foods is presently trading at a Forward P/E ratio of 24.36. This represents a premium compared to its industry's average Forward P/E of 19.7.
Meanwhile, TSN's PEG ratio is currently 0.52. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Food - Meat Products industry stood at 2.36 at the close of the market yesterday.
The Food - Meat Products industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 192, putting it in the bottom 24% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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https://www.zacks.com/stock/news/2217527/tyson-foods-tsn-stock-sinks-as-market-gains-heres-why
| 2024-01-30T03:23:22Z
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Expedia (EXPE - Free Report) closed the latest trading day at $153.98, indicating a +1.35% change from the previous session's end. The stock's change was more than the S&P 500's daily gain of 0.76%. Meanwhile, the Dow experienced a rise of 0.59%, and the technology-dominated Nasdaq saw an increase of 1.12%.
The the stock of online travel company has risen by 0.09% in the past month, lagging the Retail-Wholesale sector's gain of 1.32% and the S&P 500's gain of 2.5%.
The upcoming earnings release of Expedia will be of great interest to investors. The company's earnings report is expected on February 8, 2024. On that day, Expedia is projected to report earnings of $1.67 per share, which would represent year-over-year growth of 32.54%. At the same time, our most recent consensus estimate is projecting a revenue of $2.88 billion, reflecting a 10.1% rise from the equivalent quarter last year.
It is also important to note the recent changes to analyst estimates for Expedia. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.83% higher. Currently, Expedia is carrying a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Expedia has a Forward P/E ratio of 12.07 right now. This represents a discount compared to its industry's average Forward P/E of 19.74.
Meanwhile, EXPE's PEG ratio is currently 0.48. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Internet - Commerce industry held an average PEG ratio of 0.59.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 107, which puts it in the top 43% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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https://www.zacks.com/stock/news/2217528/expedia-expe-outpaces-stock-market-gains-what-you-should-know
| 2024-01-30T03:23:28Z
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The most recent trading session ended with Suncor Energy (SU - Free Report) standing at $32.78, reflecting a +0.12% shift from the previouse trading day's closing. The stock lagged the S&P 500's daily gain of 0.76%. Meanwhile, the Dow experienced a rise of 0.59%, and the technology-dominated Nasdaq saw an increase of 1.12%.
Shares of the energy company have appreciated by 2.18% over the course of the past month, outperforming the Oils-Energy sector's loss of 2.82% and lagging the S&P 500's gain of 2.5%.
Analysts and investors alike will be keeping a close eye on the performance of Suncor Energy in its upcoming earnings disclosure. The company's earnings report is set to go public on February 21, 2024. The company is predicted to post an EPS of $0.79, indicating a 40.6% decline compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $8.46 billion, reflecting a 17.06% fall from the equivalent quarter last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Suncor Energy. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 5.31% downward. Suncor Energy is currently sporting a Zacks Rank of #3 (Hold).
With respect to valuation, Suncor Energy is currently being traded at a Forward P/E ratio of 9.14. For comparison, its industry has an average Forward P/E of 9.14, which means Suncor Energy is trading at no noticeable deviation to the group.
Also, we should mention that SU has a PEG ratio of 3.05. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. SU's industry had an average PEG ratio of 3.05 as of yesterday's close.
The Oil and Gas - Integrated - Canadian industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 192, placing it within the bottom 24% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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https://www.zacks.com/stock/news/2217529/suncor-energy-su-ascends-but-remains-behind-market-some-facts-to-note
| 2024-01-30T03:23:35Z
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Tenet Healthcare (THC - Free Report) closed the latest trading day at $83.57, indicating a +0.82% change from the previous session's end. This move outpaced the S&P 500's daily gain of 0.76%. Elsewhere, the Dow saw an upswing of 0.59%, while the tech-heavy Nasdaq appreciated by 1.12%.
The hospital operator's stock has climbed by 9.69% in the past month, exceeding the Medical sector's gain of 1.57% and the S&P 500's gain of 2.5%.
The investment community will be closely monitoring the performance of Tenet Healthcare in its forthcoming earnings report. The company is scheduled to release its earnings on February 8, 2024. The company's earnings per share (EPS) are projected to be $1.55, reflecting a 20.92% decrease from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $5.25 billion, up 5.2% from the year-ago period.
Investors should also pay attention to any latest changes in analyst estimates for Tenet Healthcare. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.67% decrease. Tenet Healthcare is currently a Zacks Rank #3 (Hold).
From a valuation perspective, Tenet Healthcare is currently exchanging hands at a Forward P/E ratio of 14.38. This valuation marks a discount compared to its industry's average Forward P/E of 14.5.
Investors should also note that THC has a PEG ratio of 4.73 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Medical - Hospital stocks are, on average, holding a PEG ratio of 1.72 based on yesterday's closing prices.
The Medical - Hospital industry is part of the Medical sector. Currently, this industry holds a Zacks Industry Rank of 34, positioning it in the top 14% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow THC in the coming trading sessions, be sure to utilize Zacks.com.
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https://www.zacks.com/stock/news/2217530/why-tenet-healthcare-thc-outpaced-the-stock-market-today
| 2024-01-30T03:23:41Z
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High Tide Inc. (HITI - Free Report) came out with quarterly earnings of $0.02 per share, beating the Zacks Consensus Estimate of a loss of $0.03 per share. This compares to loss of $0.06 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 166.67%. A quarter ago, it was expected that this company would post a loss of $0.04 per share when it actually produced a loss of $0.03, delivering a surprise of 25%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
High Tide Inc.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
High Tide Inc. Shares have added about 17.8% since the beginning of the year versus the S&P 500's gain of 2.5%.
What's Next for High Tide Inc.
While High Tide Inc. Has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for High Tide Inc. Mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.03 on $96.57 million in revenues for the coming quarter and -$0.02 on $402.81 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Medical - Products is currently in the bottom 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Prestige Consumer Healthcare (PBH - Free Report) , has yet to report results for the quarter ended December 2023. The results are expected to be released on February 8.
This medicine distributor is expected to post quarterly earnings of $1.04 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 0.3% higher over the last 30 days to the current level.
Prestige Consumer Healthcare's revenues are expected to be $280.26 million, up 1.7% from the year-ago quarter.
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https://www.zacks.com/stock/news/2217531/high-tide-inc-hiti-beats-q4-earnings-and-revenue-estimates
| 2024-01-30T03:23:47Z
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FinWise Bancorp (FINW - Free Report) came out with quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.49 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 6.67%. A quarter ago, it was expected that this company would post earnings of $0.25 per share when it actually produced earnings of $0.37, delivering a surprise of 48%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
FinWise Bancorp
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
FinWise Bancorp shares have added about 3% since the beginning of the year versus the S&P 500's gain of 2.5%.
What's Next for FinWise Bancorp?
While FinWise Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for FinWise Bancorp: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.26 on $19.51 million in revenues for the coming quarter and $1.25 on $82.1 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southwest is currently in the top 32% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the broader Zacks Finance sector, First American Financial (FAF - Free Report) , has yet to report results for the quarter ended December 2023. The results are expected to be released on February 7.
This financial services company is expected to post quarterly earnings of $1.07 per share in its upcoming report, which represents a year-over-year change of -20.7%. The consensus EPS estimate for the quarter has been revised 10.2% higher over the last 30 days to the current level.
First American Financial's revenues are expected to be $1.49 billion, down 11.4% from the year-ago quarter.
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https://www.zacks.com/stock/news/2217532/finwise-bancorp-finw-beats-q4-earnings-and-revenue-estimates
| 2024-01-30T03:23:53Z
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ServisFirst Bancshares (SFBS - Free Report) reported $109.07 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 15.7%. EPS of $0.91 for the same period compares to $1.24 a year ago.
The reported revenue represents a surprise of +1.94% over the Zacks Consensus Estimate of $107 million. With the consensus EPS estimate being $0.87, the EPS surprise was +4.60%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how ServisFirst performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 55.2% versus 38.5% estimated by two analysts on average.
- Net charge-offs (recoveries) to total average loans: 0.1% versus 0.2% estimated by two analysts on average.
- Net Interest Margin: 2.6% compared to the 2.6% average estimate based on two analysts.
- Average Balance - Interest-earning Assets: $15.68 billion versus $15.32 billion estimated by two analysts on average.
- Credit card income: $2 million versus $2.43 million estimated by two analysts on average.
- Net Interest Income: $101.69 million versus the two-analyst average estimate of $99.33 million.
- Total Non-interest income: $7.38 million versus the two-analyst average estimate of $7.66 million.
- Increase in cash surrender value life insurance (Bank-owned life insurance income): $1.64 million versus $1.67 million estimated by two analysts on average.
- Service charges on deposit accounts: $2.18 million versus $2.13 million estimated by two analysts on average.
- Mortgage banking: $0.79 million compared to the $0.63 million average estimate based on two analysts.
- Other Operating Income: $0.76 million versus the two-analyst average estimate of $0.81 million.
Shares of ServisFirst have returned -0.2% over the past month versus the Zacks S&P 500 composite's +2.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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https://www.zacks.com/stock/news/2217533/heres-what-key-metrics-tell-us-about-servisfirst-sfbs-q4-earnings
| 2024-01-30T03:23:59Z
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For the quarter ended December 2023, Whirlpool (WHR - Free Report) reported revenue of $5.09 billion, up 3.4% over the same period last year. EPS came in at $3.85, compared to $3.89 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $5.05 billion, representing a surprise of +0.71%. The company delivered an EPS surprise of +5.77%, with the consensus EPS estimate being $3.64.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Whirlpool performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Geographic Revenue- Latin America: $974 million compared to the $877.40 million average estimate based on three analysts. The reported number represents a change of +17.2% year over year.
- Geographic Revenue- North America: $2.88 billion versus the three-analyst average estimate of $2.96 billion. The reported number represents a year-over-year change of +1.3%.
- Geographic Revenue- Asia: $238 million versus the three-analyst average estimate of $213.82 million. The reported number represents a year-over-year change of +8.7%.
- Geographic Revenue- EMEA: $995 million versus the three-analyst average estimate of $1 billion. The reported number represents a year-over-year change of -3.2%.
Shares of Whirlpool have returned -4.8% over the past month versus the Zacks S&P 500 composite's +2.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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https://www.zacks.com/stock/news/2217534/whirlpool-whr-q4-earnings-taking-a-look-at-key-metrics-versus-estimates
| 2024-01-30T03:24:05Z
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For the quarter ended December 2023, Potlatch (PCH - Free Report) reported revenue of $254.5 million, up 0.5% over the same period last year. EPS came in at $0.00, compared to $0.12 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $239.8 million, representing a surprise of +6.13%. The company delivered an EPS surprise of -100.00%, with the consensus EPS estimate being $0.02.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Potlatch performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Timberlands: $97.41 million compared to the $97.80 million average estimate based on two analysts. The reported number represents a change of -20.1% year over year.
- Revenue- Real Estate: $27.91 million compared to the $22.60 million average estimate based on two analysts. The reported number represents a change of +138.9% year over year.
- Revenue- Intersegment Timberlands revenues: -$20.92 million compared to the -$28.50 million average estimate based on two analysts. The reported number represents a change of -43.8% year over year.
- Revenue- Wood products: $150.10 million compared to the $149.40 million average estimate based on two analysts. The reported number represents a change of -4.3% year over year.
Shares of Potlatch have returned -6.4% over the past month versus the Zacks S&P 500 composite's +2.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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https://www.zacks.com/stock/news/2217535/potlatch-pch-q4-earnings-taking-a-look-at-key-metrics-versus-estimates
| 2024-01-30T03:24:12Z
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Helmerich & Payne (HP - Free Report) reported $677.15 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 5.9%. EPS of $0.97 for the same period compares to $1.11 a year ago.
The reported revenue represents a surprise of +2.90% over the Zacks Consensus Estimate of $658.06 million. With the consensus EPS estimate being $0.68, the EPS surprise was +42.65%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Helmerich & Payne performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Average active rigs - North America Solutions: 149 versus 150 estimated by four analysts on average.
- Average active rigs - Offshore Gulf of Mexico: 3 versus 4 estimated by four analysts on average.
- Average active rigs - International Solutions: 13 compared to the 13 average estimate based on four analysts.
- Number of available rigs at the end of period - Offshore Gulf of Mexico: 7 versus 7 estimated by four analysts on average.
- Number of available rigs at the end of period - International Solutions: 22 versus 22 estimated by four analysts on average.
- Number of available rigs at the end of period - North America Solutions: 233 versus 233 estimated by four analysts on average.
- Number of active rigs at the end of period - Offshore Gulf of Mexico: 3 compared to the 4 average estimate based on two analysts.
- Operating Revenues- Total Other: $2.58 million versus $2.07 million estimated by four analysts on average.
- Operating Revenues- Drilling services: $674.57 million versus $649.55 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -5.9% change.
- Operating Revenues- International Solutions: $54.75 million compared to the $51.21 million average estimate based on four analysts. The reported number represents a change of -0.1% year over year.
- Operating Revenues- Offshore Gulf of Mexico: $25.53 million versus $28.88 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -27.4% change.
- Operating Revenues- North America Solutions: $594.28 million compared to the $570.43 million average estimate based on four analysts. The reported number represents a change of -5.2% year over year.
Shares of Helmerich & Payne have returned -0.6% over the past month versus the Zacks S&P 500 composite's +2.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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https://www.zacks.com/stock/news/2217536/heres-what-key-metrics-tell-us-about-helmerich-payne-hp-q1-earnings?-payne-(hp)-q1-earnings
| 2024-01-30T03:24:18Z
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Nucor (NUE - Free Report) reported $7.7 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 11.7%. EPS of $3.16 for the same period compares to $4.89 a year ago.
The reported revenue represents a surprise of +1.86% over the Zacks Consensus Estimate of $7.56 billion. With the consensus EPS estimate being $2.83, the EPS surprise was +11.66%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Nucor performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Sales Tons to outside customer (Steel) - Total Steel Mills: 4,396 KTon versus 4,398.31 KTon estimated by five analysts on average.
- Average sales price per ton (Steel) - Total Steel Mills: 1,015 $/Ton versus 1,009.49 $/Ton estimated by five analysts on average.
- Sales in Tons Outside Customers - Joist: 106 KTon compared to the 124.27 KTon average estimate based on four analysts.
- Sales in Tons Outside Customers - Rebar fabrication products: 251 KTon versus 285.31 KTon estimated by four analysts on average.
- Sales in Tons Outside Customers - Piling: 102 KTon versus 102.5 KTon estimated by four analysts on average.
- Sales in Tons Outside Customers - Tubular products: 212 KTon versus the four-analyst average estimate of 221.65 KTon.
- Sales Tons to outside customer (Steel) - Sheet: 2,239 KTon versus the four-analyst average estimate of 2,218.38 KTon.
- Sales Tons to outside customer (Steel) - Bars: 1,402 KTon versus 1,370.64 KTon estimated by four analysts on average.
- Sales in Tons Outside Customers - Cold Finished: 96 KTon versus 104.96 KTon estimated by four analysts on average.
- Sales in Tons Outside Customers - Deck: 91 KTon compared to the 100.1 KTon average estimate based on four analysts.
- Sales Tons to outside customer (Steel) - Structural: 414 KTon versus the four-analyst average estimate of 393.76 KTon.
- Sales in Tons Outside Customers - Total steel products: 1,011 KTon versus the four-analyst average estimate of 1,067.99 KTon.
Shares of Nucor have returned +0.6% over the past month versus the Zacks S&P 500 composite's +2.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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https://www.zacks.com/stock/news/2217537/nucor-nue-q4-earnings-taking-a-look-at-key-metrics-versus-estimates
| 2024-01-30T03:24:24Z
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Celestica (CLS - Free Report) came out with quarterly earnings of $0.76 per share, beating the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.56 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 11.76%. A quarter ago, it was expected that this electronics manufacturing services company would post earnings of $0.61 per share when it actually produced earnings of $0.65, delivering a surprise of 6.56%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Celestica
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Celestica shares have added about 9.3% since the beginning of the year versus the S&P 500's gain of 2.5%.
What's Next for Celestica?
While Celestica has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Celestica: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.59 on $1.95 billion in revenues for the coming quarter and $2.74 on $8.51 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Electronics - Manufacturing Services is currently in the bottom 24% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Ribbon Communications (RBBN - Free Report) , another stock in the broader Zacks Computer and Technology sector, has yet to report results for the quarter ended December 2023.
This maker of technology for telephone services over internet networks is expected to post quarterly earnings of $0.13 per share in its upcoming report, which represents a year-over-year change of +44.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Ribbon Communications' revenues are expected to be $233.63 million, unchanged compared to the year-ago quarter.
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https://www.zacks.com/stock/news/2217538/celestica-cls-q4-earnings-and-revenues-top-estimates
| 2024-01-30T03:24:30Z
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Southern Missouri Bancorp (SMBC - Free Report) came out with quarterly earnings of $1.07 per share, missing the Zacks Consensus Estimate of $1.12 per share. This compares to earnings of $1.26 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -4.46%. A quarter ago, it was expected that this bank holding company would post earnings of $1.09 per share when it actually produced earnings of $1.16, delivering a surprise of 6.42%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Southern Missouri Bancorp
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Southern Missouri Bancorp shares have lost about 7% since the beginning of the year versus the S&P 500's gain of 2.5%.
What's Next for Southern Missouri Bancorp?
While Southern Missouri Bancorp has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Southern Missouri Bancorp: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.99 on $40.51 million in revenues for the coming quarter and $4.26 on $163.56 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Savings and Loan is currently in the bottom 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the broader Zacks Finance sector, Redfin (RDFN - Free Report) , is yet to report results for the quarter ended December 2023.
This real estate broker is expected to post quarterly loss of $0.19 per share in its upcoming report, which represents a year-over-year change of +77.1%. The consensus EPS estimate for the quarter has been revised 0.3% lower over the last 30 days to the current level.
Redfin's revenues are expected to be $220.16 million, down 54.1% from the year-ago quarter.
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https://www.zacks.com/stock/news/2217539/southern-missouri-bancorp-smbc-misses-q2-earnings-and-revenue-estimates
| 2024-01-30T03:24:37Z
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Merchants Bancorp (MBIN - Free Report) reported $158.78 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 34.1%. EPS of $1.58 for the same period compares to $1.12 a year ago.
The reported revenue represents a surprise of +11.31% over the Zacks Consensus Estimate of $142.65 million. With the consensus EPS estimate being $1.44, the EPS surprise was +9.72%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Merchants Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 33.1% compared to the 31.2% average estimate based on two analysts.
- Average Earning Assets: $16.18 billion versus the two-analyst average estimate of $15.89 billion.
- Net interest margin: 3.1% compared to the 3% average estimate based on two analysts.
- Net Interest Income: $124.33 million versus the two-analyst average estimate of $119.72 million.
- Gain on Sale of Loans: $19.34 million versus the two-analyst average estimate of $9.75 million.
- Total Noninterest Income: $34.45 million versus $22.95 million estimated by two analysts on average.
Shares of Merchants Bancorp have returned +2.2% over the past month versus the Zacks S&P 500 composite's +2.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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https://www.zacks.com/stock/news/2217540/merchants-bancorp-mbin-q4-earnings-taking-a-look-at-key-metrics-versus-estimates
| 2024-01-30T03:24:43Z
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For the quarter ended December 2023, German American Bancorp (GABC - Free Report) reported revenue of $61.2 million, down 7.3% over the same period last year. EPS came in at $0.73, compared to $0.83 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $61.25 million, representing a surprise of -0.08%. The company delivered an EPS surprise of +8.96%, with the consensus EPS estimate being $0.67.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how German American Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency ratio: 55.9% versus 56.9% estimated by three analysts on average.
- Net Interest Margin: 3.4% versus the three-analyst average estimate of 3.5%.
- Net charge-offs to average loans: 0.1% versus 0.1% estimated by two analysts on average.
- Total Average Interest Earning Assets: $5.49 billion versus $5.49 billion estimated by two analysts on average.
- Total Non-interest Income: $15.59 million versus $14.72 million estimated by three analysts on average.
- Net interest income (FTE): $47.23 million versus $48.20 million estimated by two analysts on average.
- Service charges on deposit accounts: $2.89 million versus the two-analyst average estimate of $2.97 million.
- Net Interest Income: $45.61 million versus $46.70 million estimated by two analysts on average.
- Net Gains on Sales of Loan: $0.53 million compared to the $0.50 million average estimate based on two analysts.
Shares of German American Bancorp have returned +1% over the past month versus the Zacks S&P 500 composite's +2.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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https://www.zacks.com/stock/news/2217541/compared-to-estimates-german-american-bancorp-gabc-q4-earnings-a-look-at-key-metrics
| 2024-01-30T03:24:49Z
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For the quarter ended December 2023, Graco Inc. (GGG - Free Report) reported revenue of $566.64 million, up 2.1% over the same period last year. EPS came in at $0.80, compared to $0.73 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $565.86 million, representing a surprise of +0.14%. The company delivered an EPS surprise of +1.27%, with the consensus EPS estimate being $0.79.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Graco Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- Industrial: $191.99 million compared to the $196.34 million average estimate based on five analysts. The reported number represents a change of +1% year over year.
- Net Sales- Process: $135.87 million versus $140.62 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +4.3% change.
- Net Sales- Contractor: $238.79 million versus $232.96 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +1.8% change.
- Operating earnings /(loss)- Industrial: $71.10 million compared to the $70.54 million average estimate based on five analysts.
- Operating earnings /(loss)- Unallocated corporate (expense): -$8.49 million versus -$7.87 million estimated by five analysts on average.
- Operating earnings /(loss)- Contractor: $69.24 million compared to the $66.23 million average estimate based on five analysts.
- Operating earnings /(loss)- Process: $38.09 million versus the five-analyst average estimate of $43.03 million.
Shares of Graco Inc. have returned -2.3% over the past month versus the Zacks S&P 500 composite's +2.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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https://www.zacks.com/stock/news/2217542/graco-inc-ggg-q4-earnings-how-key-metrics-compare-to-wall-street-estimates
| 2024-01-30T03:24:55Z
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For the quarter ended December 2023, Cadence (CADE - Free Report) reported revenue of $23.15 million, down 95.1% over the same period last year. EPS came in at $0.40, compared to $0.78 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $433.99 million, representing a surprise of -94.67%. The company delivered an EPS surprise of -24.53%, with the consensus EPS estimate being $0.53.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Cadence performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Interest Margin: 3% compared to the 3% average estimate based on six analysts.
- Average Balance - Total interest earning assets: $43.75 billion versus $43.61 billion estimated by four analysts on average.
- Net charge-offs to average loans: 0.3% versus 0.2% estimated by four analysts on average.
- Non-Performing Assets: $222.39 million compared to the $174.74 million average estimate based on two analysts.
- Tier 1 capital: 12.1% versus 12.5% estimated by two analysts on average.
- Total capital: 14.3% compared to the 14.6% average estimate based on two analysts.
- Non-Performing Loans: $216.14 million versus the two-analyst average estimate of $171.29 million.
- Total noninterest income: -$311.46 million compared to the $419.09 million average estimate based on five analysts.
- Net Interest Income: $334.61 million versus $327.94 million estimated by five analysts on average.
- Net Interest Income (FTE): $335.59 million versus $330.62 million estimated by five analysts on average.
- Deposit Service charges: $11.16 million versus $16.79 million estimated by three analysts on average.
- Credit card, debit card and merchant fees: $12.90 million versus $12.89 million estimated by three analysts on average.
Shares of Cadence have remained unchanged over the past month versus the Zacks S&P 500 composite's +2.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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https://www.zacks.com/stock/news/2217543/heres-what-key-metrics-tell-us-about-cadence-cade-q4-earnings
| 2024-01-30T03:25:02Z
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HomeStreet (HMST - Free Report) reported $45.95 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 29.7%. EPS of -$0.12 for the same period compares to $0.45 a year ago.
The reported revenue represents a surprise of -7.62% over the Zacks Consensus Estimate of $49.73 million. With the consensus EPS estimate being $0.03, the EPS surprise was -500.00%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how HomeStreet performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 105.9% versus 97.4% estimated by three analysts on average.
- Net Interest Margin: 1.6% versus 1.7% estimated by three analysts on average.
- Average Balance - Total interest earning assets: $8.92 billion versus $8.98 billion estimated by two analysts on average.
- Net Interest Income: $34.99 million compared to the $38.99 million average estimate based on three analysts.
- Total noninterest income: $10.96 million versus the three-analyst average estimate of $9.95 million.
- Loan servicing income: $3.26 million versus the two-analyst average estimate of $3.20 million.
- Deposit fees: $2.33 million versus $2.25 million estimated by two analysts on average.
Shares of HomeStreet have returned +45.8% over the past month versus the Zacks S&P 500 composite's +2.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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https://www.zacks.com/stock/news/2217544/compared-to-estimates-homestreet-hmst-q4-earnings-a-look-at-key-metrics
| 2024-01-30T03:25:08Z
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HONG KONG – Hong Kong’s leader confirmed on Jan 30 his intention to pass fresh national security laws soon, building on sweeping legislation that Beijing imposed on the city in 2020, saying the city has the constitutional responsibility to impose the new laws.
Some business people, diplomats and academics are watching developments closely, saying the prospect of new laws targeting espionage, state secrets and foreign influence, known as Article 23, could have a deep impact on the global financial hub.
A consultation document will be released later on Jan 30, Chief Executive John Lee said, and the government will attempt to pass the legislation “as soon as possible”.
“Why now? We can’t wait. We can’t afford to wait any longer,” Mr Lee said.
“While we, society as a whole, looks calm and looks very safe, we still have to watch out for potential sabotage, undercurrents that try to create troubles,” he said, adding that some foreign agents could still be active in Hong Kong.
Mr Lee said freedoms will be safeguarded, and the laws will meet international standards.
Hong Kong Security Chief Chris Tang said the package will include sections covering state secrets and espionage, treason, sedition and the use of computers and electronic systems to conduct actions endangering national security.
While Chinese and Hong Kong government officials say the 2020 law is vital to restoring stability after months of pro-democracy protests shook the city in 2019, the new package has long been required under the mini-Constitution, known as the Basic Law.
That document guides the city’s relationship with China, and Article 23 stipulates that the city “shall enact laws on its own to prohibit acts and activities that endanger national security”.
Some legal scholars say that as local laws, the new legislation could sharpen the at times vaguely worded 2020 law, and older colonial-era laws considered unworkable.
“It almost certainly will set red lines where the existing laws are vague, particularly in defining state secrets and espionage,” said Professor Simon Young, an academic at the University of Hong Kong’s law school.
Tougher penalties against sedition, a colonial-era law that currently carries a two-year sentence, are also expected in the package.
A previous government attempt to pass Article 23 laws was shelved after an estimated 500,000 people staged a peaceful protest in 2003, forcing the resignation of the then security minister. REUTERS
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https://www.straitstimes.com/asia/hong-kong-leaders-start-legislative-push-to-tighten-national-security-laws
| 2024-01-30T04:03:11Z
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SEOUL – North Korea fired several cruise missiles into the waters off its west coast on Jan 30, Seoul’s military said, the latest in a string of weapons tests carried out by Pyongyang in 2024.
South Korea’s military “detected several unknown cruise missiles launched into the West Sea of North Korea at around 7am”, Seoul’s Joint Chiefs of Staff (JCS) said in a statement.
South Korean and United States intelligence agencies “are conducting a detailed analysis”, the JCS said.
“Our military is cooperating closely with the US while strengthening surveillance and vigilance, and is closely monitoring North Korea’s activities,” it added.
The testing of cruise missiles, unlike their ballistic counterparts, is not banned under current United Nations sanctions on Pyongyang.
Cruise missiles tend to be jet-propelled and fly at a lower altitude than more sophisticated ballistic missiles, making them harder to detect and intercept.
Recent months have seen a sharp deterioration in ties between the two Koreas, with both sides jettisoning key tension-reducing agreements, ramping up frontier security and conducting live-fire drills along the border.
Pyongyang has accelerated weapons testing in the new year, including tests of what it called an “underwater nuclear weapon system” and a solid-fuel hypersonic ballistic missile.
On Jan 29, the North’s state media said North Korean leader Kim Jong Un had overseen the test launch of a new strategic cruise missile from a submarine.
Photos showed a missile soaring into the sky from the water, leaving a huge trail of white smoke, but it was not clear if it had been fired from a submarine.
In recent weeks, Mr Kim has declared the South his country’s “principal enemy”, jettisoned agencies dedicated to reunification and outreach and threatened war over “even 0.001mm” of territorial infringement.
He also said Pyongyang would not recognise the two countries’ de facto maritime border, the Northern Limit Line, and called for constitutional changes allowing the North to “occupy” Seoul in war, the state-run Korean Central News Agency said.
In Seoul, President Yoon Suk-yeol told his Cabinet that should the nuclear-armed North carry out a provocation, South Korea would hit back with a response “multiple times stronger”, pointing to his military’s “overwhelming response capabilities”.
Pyongyang’s latest launch comes after South Korea conducted a 10-day special forces infiltration drill, which ended on Jan 25, off the country’s east coast, “in the light of serious security situations” with the North.
At North Korea’s year-end policy meetings, Mr Kim threatened a nuclear attack on the South and called for a build-up of his country’s military arsenal ahead of armed conflict he warned could “break out any time”.
Earlier in January, the North launched a solid-fuel hypersonic missile, just days after Pyongyang staged live-fire exercises near the country’s tense maritime border with South Korea, which prompted counter-exercises and evacuation orders for some border islands belonging to the South.
Mr Kim also successfully put a spy satellite into orbit in late 2023, after receiving what Seoul said was Russian help in exchange for arms transfers for Moscow’s war in Ukraine. AFP
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https://www.straitstimes.com/asia/north-korea-fires-cruise-missiles-into-sea-south-korea-says
| 2024-01-30T04:03:21Z
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HANOI – Vietnam and the Philippines agreed on Jan 30 to boost cooperation among their coast guards and to prevent untoward incidents in the South China Sea, in an announcement during a state visit by President Ferdinand Marcos Jr.
The two South-east Asian countries have competing claims over some parts of the South China Sea, a conduit for US$3 trillion (S$4.02 trillion) of annual ship-borne trade that China claims almost in its entirety.
The agreement in Hanoi, details of which were not disclosed, could risk angering Beijing, which has deployed its vast coast-guard fleet throughout the South China Sea to police its expansive territorial claims.
Both Hanoi and Manila have had run-ins with China’s coast guard in the past, but altercations were frequent in 2023 between vessels of China and US ally the Philippines, adding strain to deteriorating relations.
Vietnam, one of the world’s biggest rice exporters, will also have an agreement with the Philippines, a top importer of the grain, covering rice trade in the next five years, Hanoi’s Trade Ministry said on Jan 30. REUTERS
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https://www.straitstimes.com/asia/vietnam-philippines-seal-deals-on-south-china-sea-security
| 2024-01-30T04:03:32Z
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SINGAPORE – With the festive season around the corner and the Red Sea crisis still playing out, observers say prices of goods here could rise, fuelling inflation.
Still, the analysts said any impact on inflation will not be as severe as during the Covid-19 pandemic, while supermarket chain NTUC FairPrice has pledged to keep prices stable for as long as it can.
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https://www.straitstimes.com/business/red-sea-shipping-crisis-could-see-more-costly-food-higher-inflation-in-singapore
| 2024-01-30T04:03:42Z
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TOKYO – Toyota Motor sold more passenger vehicles than any other company in 2023, cruising past Volkswagen to become the world’s top carmaker for a fourth consecutive year.
Global sales, including those of subsidiaries Daihatsu Motor and Hino Motors, rose 7.2 per cent from the previous year to a record 11.2 million cars in 2023, the company said on Jan 30.
Output, which refers to cars off the production line, grew 8.6 per cent to 11.5 million units. VW’s deliveries increased 12 per cent to 9.24 million units in 2023.
“Toyota has gone from struggling with supply chains last summer to selling whatever it makes,” Bloomberg Intelligence senior auto analyst Tatsuo Yoshida said.
Despite falling further behind in the global shift toward electric vehicles (EVs), recovering supply chains and steady demand in North America and Europe in 2023 helped Toyota boost production and rake in profits from abroad. Demand for hybrids at home meanwhile remains high and steady across most of the world.
While 2023’s full-year figures cement Toyota’s dominance, it was China’s BYD that arguably generated the most buzz last year when it surpassed Elon Musk’s Tesla as the world’s top maker of electric cars. Shenzhen-based BYD, which sells only EVs and plug-in hybrids, sold around 3.02 million units in 2023.
Toyota, by comparison, sold 104,018 battery EVs. Initially the Japanese carmaker aimed to sell 202,000 units during the fiscal year that ends in March, but lowered that goal to 123,000 in November 2023, citing issues of demand and supply.
Tesla delivered 1.81 million vehicles in 2023.
Toyota chief executive officer Koji Sato has promised the automaker will be able to sell 1.5 million battery EVs annually by 2026, and 3.5 million by 2030.
On Jan 29, the carmaker suspended shipments of 10 models after an internal investigation revealed that one of its suppliers, Toyota Industries, had been manipulating test results to gain certification for its vehicles.
The revelations piled onto a scandal that emerged in December 2023, after unit Daihatsu, which sells and supplies popular lightweight trucks, was found to have manipulated collision safety test results dating back as far as 1989.
While the impact and financial burden of the fraudulent conduct is only just beginning to take shape, Toyota has said it will step in should Daihatsu struggle to compensate its suppliers and business partners while production is partially suspended and vehicle are recalled.
Toyota chairman Akio Toyoda – who said in January EVs will at most reach a 30 per cent market share – is scheduled to speak with reporters on Jan 30 on his vision for the future of the group.
Daihatsu was ordered by Japan’s transport ministry to put forward countermeasures by mid-February to prevent a repeat of such a thing happening again. Toyota has also said it will announce a new structure, though it did not clarify what that meant. BLOOMBERG
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https://www.straitstimes.com/business/toyota-holds-lead-as-world-s-no-1-carmaker-for-fourth-year
| 2024-01-30T04:03:52Z
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SINGAPORE – The last of seven men in a case where husbands had their wives drugged and raped was sentenced to 13 years’ jail and 12 strokes of the cane on Jan 30.
The 45-year-old finance executive, O, had been invited by J to rape J’s unconscious wife in March 2011 on their third wedding anniversary.
J, the central figure in the case, had fed his wife sedatives and invited five men over to rape her on separate occasions between 2010 and 2018.
In sentencing O, who is married with two children, Justice Mavis Chionh rejected the defence’s attempt to cast him as a “hapless follower” who somehow got caught up in J’s machinations.
The judge concluded that O’s overall behaviour indicated that he lacked genuine remorse, pointing to how he had continued to engage in discussions with J about raping the victim after the offence.
She added that she gave little weight to his work as a grassroots volunteer and a volunteer with a food charity.
After the sentence was handed down, his lawyer, Mr Chua Eng Hui, said he would be appealing against O’s conviction and sentence.
Bail was increased to $120,000 pending the hearing of his appeal.
The four other men who raped J’s wife have been sentenced to between 13½ and 22 years in prison. Three of them were each sentenced to 20 strokes of the cane.
One of these men also invited a seventh man to rape his wife, but the attempt was unsuccessful. The seventh man was jailed for three years.
O was the only one of the seven men to contest the charge he faced instead of pleading guilty.
During his trial, J testified that he had invited O over to rape his wife in March 2011 on their third wedding anniversary.
J testified that he and his wife had wine to celebrate the occasion, and he spiked her drink with sleeping pills.
He said that when he saw O having sex with his unconscious and blindfolded wife, he felt anger, a thrill, and then guilt.
But O denied there was an agreement between him and J for him to rape J’s wife. He also denied raping the victim.
He contended that the reason J had asked him over was to confront him for having an affair with J’s wife. She and O had consensual sex in September 2010, after J gave him her contact details.
O claimed he had “freaked out” inside the flat, and when he was asked by J whether he wanted to touch the victim, he pretended to touch himself sexually in an attempt to get out of the situation.
He said he then chatted with J for a while before leaving the flat.
These claims were rejected by Justice Chionh, who convicted O in November 2023.
She said O’s account was inconsistent, illogical and implausible, and defied common sense.
The judge said it made no sense for J to make his wife unconscious if he wanted to confront her and O for having an affair.
She noted that O made no attempt to check on the woman after he saw her lying motionless on the bed, despite his claim that he had gone to the flat out of concern for the victim.
Justice Chionh said O’s assertion that J was angry with him was irreconcilable with the fact that in the years following the incident, both men continued to interact with each other to talk about their sexual fantasies.
She said the prosecution had proved the two men were engaged in a conspiracy.
J was sentenced to 29 years in jail and 24 strokes of the cane in May 2023.
On Jan 17, 2024, he failed in his appeal for a lighter punishment, with Chief Justice Sundaresh Menon remarking that the sentencing judge had been “lenient”.
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https://www.straitstimes.com/singapore/courts-crime/last-man-in-wife-sharing-case-gets-13-years-jail-12-strokes-of-cane-for-raping-woman
| 2024-01-30T04:04:03Z
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SINGAPORE - The faint beep of a distant cashier machine, ice cubes clinking in a takeaway cup, a pen dropping onto the carpeted floor.
These are sounds easily missed on a typical day, but become resoundingly clear once a month at the Silent Book Club meeting in an isolated corner deep within CIMB Plaza along Raffles Place.
Unlike traditional book clubs where members discuss topics from an assigned book, the Silent Book Club is a global community of bookworms who gather to read in silent camaraderie, touting its free-for-all meetings as “Introvert Happy Hour”.
Its Singapore charter meets for two hours on the third Saturday of every month and is organised by Ms Sisilia Kodyat, who invited The Straits Times to sit in for a session on Jan 20.
Ms Kodyat, 45, starts the session by facilitating introductions where each member shares what book they are tackling for the afternoon. She then sets a timer for 1½ hours and everyone knuckles down to read.
Of course, as with any group meeting, there are latecomers. But latecomers of the Silent Book Club creep in so quietly that others barely notice their presence until the end of the session.
There are also the occasional drilling noises from renovations going on at Clifford Centre next door, but even this does not faze the eight book club members who remain engrossed in their books.
Some have brought along hardcopy books, while others use electronic devices such as Kindles or iPads.
Ms Kodyat turns off the alarm a minute before it is slated to go off to maintain the tranquility of the session till the very end and the meeting concludes with a few quiet exchanges within the group.
Ms Michelle Zhang, a 24-year-old marketing executive, is attending the club for the first time that day and says she enjoys how members share books with one another as it is a good way to broaden her own reading horizons.
She adds that she prefers this to traditional book clubs where everyone is made to read the same book.
Auditor Luke Shih, 30, joined the club in 2021 because he wanted to meet like-minded people after moving to Singapore from Canada.
Now a regular member, he says the meetings take his mind off work and stressful situations, giving him two hours every month to read without distractions.
“I like that I feel compelled to come here to relax and forget other things,” he says.
Ms Monika Puhazhendhi, a software designer, also joined the club in 2021 and says she became a regular as the meetings bring her a sense of comfort.
The 31-year-old says: “This club works well for an introverted mindset, you can just read and not have to go out of your way to interact (with others).
“There’s also this feeling of comfort here for me, because I think everybody here is like this...most people seem to get the same amount of comfort from reading silently in this shared space.”
Ms Kodyat, who grew up in Indonesia, tells ST that she takes turns with her friends Ms Jennifer Tan and Ms Astrid Astuti to host the meetings, adding that the book club started with her and Ms Tan getting together on weekends to catch up on their reading.
She says: “We are very busy with our life and our work. Most of the time when we reach home after work, we have no energy to read, and even if we do, there are a lot of distractions”.
She and Ms Tan eventually decided to turn their meetings into a book club hosted at the Singapore Land Tower Starbucks outlet and registered it officially with the global Silent Book Club community in May 2022.
The Silent Book Club movement has more than 500 chapters in 50 countries led by volunteers like Ms Kodyat.
The Singapore chapter, which is available to join only through social media platform Meetup, now has 744 registered members with about five to eight regulars who show up consistently every month - a number that has been growing steadily.
However, Ms Kodyat says she limits each session to only 12 participants and often has to waitlist interested parties due to space constraints.
As the club expanded and eateries got more crowded after the pandemic ended, she found that it became increasingly difficult to maintain the intimate and peaceful setting of the book club.
She then discovered the club’s current spot in CIMB Plaza, which is a public sitting area set up by the building’s management.
But this also means that Ms Kodyat cannot predict how many mall-goers might be using the space and cannot guarantee that there will be enough seats should the group expand beyond 12 members at a time.
While Ms Kodyat says she is looking to expand the book club’s capacity to 20 participants, she and her co-organisers also have concerns about how a bigger group may change the dynamics of the club.
Ms Tan, 44, says one of her favourite parts of the Silent Book Club is the conversations about what they are reading, each other’s literary interests and recommending books to one another.
She says: “To be honest, I like a smaller, more intimate group. While we don’t have assigned readings, we still care what each other reads.”
She adds that it would be more difficult to have such conversations in a larger group and hopes they can find a more permanent venue that can accommodate more readers but also maintain the club’s personal touch.
Another local silent book club, run by Wardah Books owner Ibrahim Tahir, faces the opposite issue of dwindling members despite having a permanent space.
Mr Tahir’s silent book club, held at his Kampong Glam bookstore on the first Sunday of every month, started as online Zoom meetings in 2020 as a way for the bookstore to promote reading and bring back a social element for its community during the pandemic, but has suffered a dwindling membership since.
As the meetings were online, the book club attracted participants across the region and had about 20 active members.
He says: “For time-starved people, having this kind of commitment to come down to a place and read for an hour helps them have a sort of accountability to reading.”
Mr Tahir said that many members then were Malaysians who were friends and reminded each other to log into sessions.
But as the pandemic ended and the club transitioned to in-person meetings, the number of members gradually dwindled until Mr Tahir found himself reading alone.
Wardah Book’s silent reading club is now on a hiatus as Mr Tahir brainstorms how to revive the community.
Reflecting on the differences between the silent book club and the other active book clubs Wardah Books organises, Mr Tahir says one of his silent book club’s shortcomings is that it placed more emphasis on the silent aspect and not enough on the social.
He says: “One of the reasons why book clubs succeed is because of a social element. People may not initially be friends, but after a while, they get comfortable and find it’s a safe place to share their ideas and become genuine friends who see each other regularly.
“So you come not just for discussing books, but because birds of a feather flock together. This social element recognises that readers, while they read in solitude, are also communing in different ways with other people.”
Other unique book clubs:
Read Aloud SG Club
If silent reading isn’t for you, check out its polar opposite - the Read Aloud Club. Run by Ms Liau Yun Qing, the club was inspired by her core memories of her father reading to her as a child.
While the club does assign books, the Read Aloud Club does not require members to do any prior reading as the group will quite literally be on the same page as they take turns reading out loud together.
Where: library@orchard
When: First Saturday of every month, typically from 11.30am to 1pm
Admission: Free, RSVP on Meetup
Info: https://www.meetup.com/readaloudsg/
Wardah Books’ Kids Book Club
Wardah Books specialises in literature for Muslim readers and also hosts a book club exploring children books featuring Muslim characters.
Meant for kids aged between nine and 13 years old, the group meets about four times a month to coincide with the school holidays.
Where: Wardah Books, 58 Bussorah Street
When: March 10, 11am to 12pm
Admission: Free, no registration required
Info: str.sg/SZEG
Chunksters Book Club
Do you have a chunky book just sitting on your shelf collecting dust? Have you been putting off reading it because it’s just too daunting to go through all those pages? Then this club might be for you!
At its core, the Chunksters Book Club is a moral support group for readers to get through long and difficult reads together - the chunksters.
Where: Virtual meeting
When: Once in May and once in November, (some additional meetings in between).
Admission: Free, RSVP on Meetup
Info: str.sg/Nndt
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https://www.straitstimes.com/singapore/introvert-happy-hour-silent-book-clubs-a-novel-respite-for-shy-bookworms
| 2024-01-30T04:04:13Z
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NEW YORK – Tickets to attend the Super Bowl in Las Vegas – a rematch between the 2020 contenders – are the most expensive ever for the event, going for an average US$9,815 (S$13,145) each so far, according to reseller TickPick.
The price is 70 per cent more than last year’s game, which was held in Arizona. The previous record of US$7,046 was set in 2021 in Tampa, Florida, when the game was played at sharply reduced capacity due to the pandemic.
The Feb 11 match-up between the Kansas City Chiefs and the San Francisco 49ers is expected to be an exciting one. It includes last year’s Super Bowl winner, the Chiefs, with Patrick Mahomes at quarterback and tight end Travis Kelce lending star power thanks in part to his girlfriend, singer Taylor Swift.
It also includes a team from neighbouring California, the most populous state, and a short drive or flight for many fans. Kansas City won when the teams last met for the National Football League (NFL) championship. The game airs on CBS, Paramount+ and Nickelodeon.
The cheapest tickets vary by reseller, with TickPick starting at US$8,778, StubHub at US$6,480, US$7,666 on SeatGeek, Vivid Seats at US$6,416 and Ticketmaster at US$8,333.
The NFC championship game on Jan 28 between the 49ers and Detroit Lions drew an audience of 56.7 million viewers on Fox, according to the network, up 19 per cent from a year earlier. BLOOMBERG
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https://www.straitstimes.com/sport/taylor-swift-effect-las-vegas-super-bowl-is-most-expensive-ever-at-13000-a-seat
| 2024-01-30T04:04:24Z
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Exclusive
Military
Zelenskyy: “We have 880,000 fighters in the army”. At the same time, nearly 7 million Ukrainians left the country. It means a lack of taxes and reserves for the army, he said in the interview for ARD.
As of 29 Jan 2024, the approximate losses of weapons and military equipment of the Russian Armed Forces from the beginning of the invasion to the present day:
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- Personnel: 383180 (+1070)
- Tanks: 6290 (+10)
- APV: 11696 (+25)
- Artillery systems: 9113 (+16)
- MLRS: 972
- Anti-aircraft systems: 660
- Aircraft: 331
- Helicopters: 324
- UAV: 7049 (+8)
- Cruise missiles: 1846 (+1)
- Warships/boats: 23
- Submarines: 1
- Vehicles and fuel tanks: 12149 (+46)
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Intelligence and technology
Defense cooperation: Ukraine’s Defense minister outlines new agreements with the UK, the Netherlands, Belgium and Baltic states. In particular, Ukraine and Belgium “signed six documents on cooperation in the defense industry” to establish joint production in Ukraine
International
EU extends sanctions against Russia over Ukraine invasion. The EU has renewed its economic sanctions against Russia, which were first imposed in 2014.
Greek PM talked to Zelenskyy after Blinken proposed Greece transfer equipment for Ukraine in exchange for US supplies. Greek Prime Minister Kyriakos Mitsotakis had a telephone conversation with the president of Ukraine, Volodymyr Zelensky, two days after the US offered $200 million in supplies to Greece to facilitate its arms transfers to Ukraine.
US offers up to $ 200 mn boost in military aid to facilitate Greece’s arms transfers to Ukraine. Blinken notified the Greek PM of proposed arms F-35 sales, paired with various items of military aid, including up to $200 million in extra US military financing for Greece to enable Greek arms provisions to Ukraine.
Zelenskyy warns of “world redistribution” and Putin’s war against EU if the West stops military aid for Ukraine. In an interview with a German TV channel, ARD, Zelenskyy cautioned that if the United States were to stop providing military and financial assistance to Ukraine, Europe would not be able to fill the gap on its own.
Humanitarian and social impact
Ukrainian and Hungarian Foreign Ministers meet in a border city “to normalize bilateral relations.” Head of Presidential Office Andriy Yermak also participated in the meeting.
Political and legal developments
US inspectors arrive in Kyiv to oversee military aid usage. US auditors have traveled to Kyiv to review the spending of American military assistance to Ukraine, as no violations have been identified previously, and the Pentagon continues to ensure taxpayer funds are used appropriately.
Ukraine’s Minister of Defense has conducted unannounced audits, reported on violations to clean up the system. Rustem Umerov said his team detected “numerous violations” and reported on the first contracts, which were terminated and money returned to the state.
New developments
Ukraine’s President and leadership honor the memory of Kruty heroes, who fought for Ukraine’s independence in 1918. President Zelenskyy, Commander-in-Chief Zaluzhnyi and military leadership paid tribute to fallen defenders at Askold’s Grave in Kyiv, where also some contemporary servicemen are buried.
Read our earlier daily review here.
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https://euromaidanpress.com/2024/01/30/russo-ukrainian-war-day-705-greece-to-supply-ukraine-with-weapons-amid-halt-in-us-aid/
| 2024-01-30T04:23:28Z
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TOKYO - Japanese Prime Minister Fumio Kishida said on Tuesday his government would do "everything possible" to achieve real income growth to put a decisive end to deflation.
"The biggest mission for my administration is to revive the economy," Kishida told the lower house plenary in a policy speech marking the start of the regular parliament sessions.
"The economy, particularly wage hikes, is an urgent issue."
While he did not announce any new policies, the premier stressed the need to regain public trust in politics amid a funding scandal that has sent support for his ruling Liberal Democratic Party (LDP) to its lowest in more than a decade.
Achieving sustainable wage growth and stable inflation is a focus of this year's spring wage talks between employers and workers and could pave the way for the Bank of Japan to depart from its unconventional monetary stimulus.
Last year, Japan's blue chip firms offered a 3.6% wage hike, the highest in three decades, and economists now expect 2024 wage hikes could beat that at nearly 3.9%, reflecting a labour crunch and corporate cash pile of 343 trillion yen ($2.33 trillion).
However, small firms, which employ seven out of 10 workers, lag their larger peers in offering generous wage hikes.
Analysts are watching to see if there is any correlation between the end of deflation and the timing of the BOJ's policy change.
While Japan's economy is no longer in deflation, risks that price declines return have prevented authorities from declaring a decisive end to deflation.
Kishida said his administration has lifted minimum wages and sought to raise pay for public-sector workers in medical and welfare services as well as truck drivers, and the class of non-regular workers including part-timers and contract workers.
The premier said on top of wage hikes, temporary cuts in income and resident taxes of 40,000 yen ($269.96) per individual would be available from June, boosting disposable income.
"By achieving rises in wages and disposable income through public and private-sector coordination, we will build a positive mindset in society that it's natural for wages to rise," he added.
Kishida and Finance Minister Shunichi Suzuki both stressed the need to tackle fiscal reform.
"Japan's fiscal situation will become even more severe due to several rounds of extra stimulus budgets in response to the COVID-19 pandemic and rising inflation," Suzuki told parliament.
He referred to planned issuance of government bonds (JGBs) of around 182 trillion yen for the fiscal year ending March 2025.
"We must secure market confidence in Japan's fiscal sustainability by tackling fiscal reform in the medium to long term," Suzuki said. "We will press ahead with expenditure and revenue reform with the aim of the primary budget surplus in fiscal 2025 by normalising spending structure." REUTERS
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https://www.straitstimes.com/asia/japan-pm-vows-to-do-everything-possible-to-boost-household-income
| 2024-01-30T05:35:24Z
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SINGAPORE – The Republic attracted $12.7 billion in fixed assets investments in 2023 amid a challenging global environment that impacted business and investor sentiment, the Economic Development Board (EDB) said on Jan 30.
This marked a decrease from $22.5 billion in 2022, which can be attributed to the slowdown in demand for semiconductors.
In 2023, the chemicals sector took the lead in fixed asset investment commitments at about 35 per cent, followed by electronics at 24.2 per cent, and research and development at 16.6 per cent.
In all, the projects secured in 2023 are expected to create 20,045 new jobs when they are fully implemented in the next few years. Of the jobs created, 58 per cent are in services, 26 per cent in research and development (R&D) and innovation, and the remaining 16 per cent in manufacturing.
EDB managing director Jacqueline Poh said that the return of industrial policy in other countries led to increased competition for investment, while elevated interest rates also raised the barriers for investment and affected the fundraising environment for start-ups.
“These factors weigh on our investments commitments, but Singapore’s position as a trusted hub for business, innovation, and talent remains a key factor of our attractiveness,” she said at a briefing held at EDB’s office in Raffles City Tower on Jan 30.
Total business expenditure came to $8.9 billion in 2023, in line with EDB’s medium- to long-term goals, with the headquarters and professional services sector accounting for nearly 70 per cent of such commitments as more global businesses used Singapore as a hub for their operations and to access other markets.
Total business expenditure refers to a company’s incremental annual operating expenditure in Singapore, excluding depreciation. Major components include wages and rental.
Singapore captured quality investments from various regions, including the United States, Europe, and Asia, said EDB. While investments from China and India declined compared with 2022, the Republic saw increased interest from Japanese businesses.
EDB noted that investment commitments related to R&D and innovation activities in 2023 also increased over the previous year, as multinational companies continue to deepen their presence in Singapore and more foreign start-ups base themselves here.
It added that multinational companies have been expanding their partnerships with the local Research, Innovation and Enterprise (RIE) ecosystem to develop products from Singapore.
EDB has been promoting innovation through corporate venture-building, with a $10 million Corporate Venture Launchpad programme rolled out in 2021. It enables companies to create new, globally competitive products, services and business ventures.
Since its introduction, the programme has helped 25 large companies nurture new venture concepts in Singapore. Out of these companies, 15 have plans to launch or have launched new ventures in areas such as artificial intelligence (AI), data services, climate technology and agricultural technology.
EDB said that the business and investment outlook for 2024 remains challenging, due to ongoing geopolitical tensions, policy uncertainty created by electoral contests in many jurisdictions, increased competition for investments, and macroeconomic uncertainty.
EDB chairman Png Cheong Boon noted the heightened competition for investments, as an increasing number of countries intensify their efforts to attract foreign direct investments. These countries include those with abundant resources and significantly larger domestic markets as compared to Singapore.
“Rising business costs and resource constraints in Singapore have impacted our competitiveness for investments,” he said.
“While we have built a good pipeline of projects for the future, we are cognisant of needing to stay ahead of the competition so that Singapore remains attractive to both global and Asian corporates and start-ups.”
Looking ahead, EDB said that it will focus on a number of key areas, including facilitating collaboration between multinational companies and local businesses.
It will also double down on areas such as healthcare, environmental sustainability and aerospace, and work with large corporates to take advantage of opportunities in areas like AI and digitalisation to increase productivity.
In terms of manpower, EDB will work with companies to train or reskill Singaporeans for opportunities in growing sectors. It will also focus on developing Singaporeans to assume leadership positions, both locally and internationally.
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https://www.straitstimes.com/business/economy/singapore-draws-127b-in-fixed-assets-investments-in-2023-set-to-create-over-20000-jobs
| 2024-01-30T05:35:34Z
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SINGAPORE – Itzy are returning to Singapore a year after they brought their first world tour to the country in January 2023 with a sold-out show at The Star Theatre.
This time, the K-pop girl group are back at a bigger venue.
They will perform at Singapore Indoor Stadium on April 6 as part of their second world tour, named Born To Be after their latest album. Ticketing details have yet to be announced.
The tour will kick off in February with a two-night show in Seoul and will travel around the world, covering countries such as Thailand, New Zealand, Australia, Mexico, Japan and Chile, as well as cities in Europe and North America such as Paris, Berlin and Los Angeles.
The tour will wrap up in August with a final performance in Hong Kong.
While Itzy are a quintet with members Yeji, Lia, Ryujin, Chaeryeong and Yuna, Lia is on hiatus due to anxiety issues and will not be part of all scheduled activities.
Itzy debuted under K-pop agency JYP Entertainment in 2019 with the hit song Dalla Dalla. Its music video has more than 322 million views on YouTube and the track was certified platinum by the Korea Music Content Association for achieving over 100 million streams.
The group are also known for earworms such as Wannabe (2020), which has more than 534 million views on YouTube, and Loco (2021), which has over 246 million views on the same platform.
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https://www.straitstimes.com/life/entertainment/k-pop-girl-group-itzy-to-hold-concert-at-singapore-indoor-stadium-on-april-6
| 2024-01-30T05:35:45Z
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SINGAPORE – The Health Sciences Authority (HSA) took down more than 12,000 listings of illegal health products on local e-commerce and social media platforms in 2023 – almost thrice as much as the year before.
About 48 per cent of the sellers of such products on those platforms were based in Singapore, with the bulk of the items being sexual enhancement and male vitality supplements as well as addictive medicines such as codeine cough syrup, the authority said on Jan 30.
The products were either unregistered, counterfeit, or contained potent medicinal ingredients or banned substances.
The spike in the number of listings removed – from 4,569 listings in 2022 to 12,474 in 2023 – was mainly because of two international operations coordinated by Interpol.
Between June 23 and June 30, 2023, HSA removed more than 800 listings of illegal health products from platforms such as Shopee, Carousell and Facebook.
In October that year, the agency once again took down over 4,600 illegal health product listings.
A total of 1,895 sellers received warnings, said the HSA statement.
The authority also seized more illegal health products in 2023, about 1.12 million units compared with the 737,000 in 2022.
HSA attributed the larger haul to increased surveillance and enforcement actions against illegal suppliers in areas where such products are peddled, although the statement did not provide the value of the items seized.
Of the illegal products seized, the majority was codeine cough syrup, with other products including sexual enhancement and male vitality supplements, sedatives and other prescription medicines.
During a joint operation with the police in June 2023, about 190 litres of illegal codeine cough syrup worth $150,000 was confiscated from syndicates.
One of the largest seizures in the last five years, the amount could fill about 2,100 90ml prescription-size bottles dispensed at clinics, said HSA.
Calling illegal health products a continued threat to public health and safety, the authority said that such items will remain in circulation as long as demand exists.
Sellers will constantly find ways to take advantage of people’s health concerns and profit off them, it said, adding that “they have no regard for the health and safety of their buyers”.
Stressing that it will take stern action against sellers of such illegal products, HSA said it prosecuted 16 people in 2023.
Those found guilty of selling illegal health products can be jailed for up to three years, fined up to $100,000, or both.
Anyone with information on the sale of illegal health products can contact HSA’s enforcement branch on 6866-3485 or e-mail hsa_is@hsa.gov.sg
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https://www.straitstimes.com/singapore/hsa-removed-over-12000-illegal-health-product-listings-seized-more-than-112-million-items-in-2023
| 2024-01-30T05:35:55Z
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SINGAPORE – Rats are not the only ones wreaking havoc this rainy season – mould has been making an appearance in homes, from furniture to ceilings and walls.
Three mould removal companies The Straits Times spoke to saw a surge in the number of inquiries since the start of December, attributing the rise to higher humidity due to the frequent heavy showers.
EcoSense saw an estimated 40 per cent increase in inquiries since the second week of December, said its director Thomas Lou, 38.
Mr Andrew Mantle, 56, sales manager and leading inspector of Mouldgone, said that inquiries rose about 47 per cent since the start of December.
Mr James Chua, 39, owner of Mold Medic, said the business received 10 times the number of inquiries from the start of December, and the number of cases it took on increased from 35 in November 2023 to 97 in January.
Even without the recent downpours, Singapore is a haven for mould.
As mould requires a relative humidity of above 60 per cent to grow, said Mr Chua, Singapore’s average relative humidity of 82 per cent creates a conducive environment for the fungi to thrive.
The situation is exacerbated when prolonged periods of rain pushes relative humidity to 100 per cent, which means the air is fully saturated with moisture.
“We’re going to places we’ve not been to in the past,” said Mr Mantle. Before the rainy season, he said that cases were mostly in areas near water like Punggol due to higher levels of moisture in the air, but during this period he is going “all around the island”.
The severity of cases has also increased. Mould growth that used to be confined to bathroom ceilings now extends to entire bedrooms, living rooms and hallways, he added.
“Mould is able to replicate itself every 12 to 24 hours, so we’re getting these big fungal blooms in people’s homes and workplaces,” said Mr Mantle.
Mould’s primary purpose is to break down organic matter such as dust on walls and organic material found in some types of paint, therefore damp walls are able to support large mould growth.
When Mr Zahir Latif, 39, and his fiancee returned home from a three-week holiday in early January, they found mould spread across his wooden shoe cabinet and doors.
“When we came back and noticed the mould on the shoe cabinet, we had to deal with it immediately because we have four cats,” said the user experience designer. His cats were at home with a cat-sitter during those three weeks and he was worried that they could have ingested the mould and might fall ill.
Non-wooden belongings were not spared. Mouldy white patches were soon found on his mousepad, caps and the leather on his headphones.
He believes that the mould exacerbated his fiancee’s eczema, causing her skin to feel drier and more itchy.
Mould releases allergens that are harmless to most people, but can trigger allergic reactions like itchy skin, wheezing, runny nose and asthma in others, said Dr Loh Jia Tong, 35, an assistant professor from Nanyang Technological University’s School of Biological Sciences.
“When we inhale these particles from the mould, they will enter our respiratory tract. In predisposed individuals, their immune systems will overreact.”
This can manifest as asthma or allergic rhinitis, an inflammation of the inside of the nose. If contact is made through skin, it can manifest as eczema, Dr Loh said.
Children and the elderly are also more susceptible to mould’s effects.
As children have immature immune systems, they are more prone to developing allergies in a mouldy environment, while the elderly suffer more serious symptoms such as more severe asthma attacks, Dr Loh said.
Expert tips on mould prevention
“The best thing you can do is to run a dehumidifier and run it daily,” said Mouldgone’s Mr Mantle. “There is no point running a dehumidifier in a room once a week or once a fortnight.”
Electric dehumidifiers should be run for an hour or two in an enclosed room every day, he added.
Another way, Mr Lou said, is to let sunlight enter rooms as ultraviolet rays can eliminate airborne pathogens like mould.
UV-C, one of three types of ultraviolet rays found in sunlight, penetrates the cells of mould and damages its DNA, preventing it from reproducing. Therefore, leaving curtains open before travelling is a good idea.
Keeping homes, especially in areas such as bathrooms and kitchens, well-ventilated can also help prevent mould, as the accumulated moist air in these areas can escape.
Homeowners can leave fans turned on when they are going away for some time, said Mr Mantle. As mould thrives in still air, improving the airflow will stop it from growing.
For homeowners whose air conditioners can be remotely controlled through mobile applications, Mr Chua suggested turning them on for two hours daily to reduce air moisture and improve airflow.
Mr Mantle also advised storing leather goods and clothes that are not worn often like winter jackets in vacuum sealer bags and regularly opening and resealing the bags.
It also helps to place moisture absorbers in cupboards and wipe wooden furniture with antifungal products when cleaning.
Dealing with mould
White vinegar is a popular home remedy. However vinegar with acetic acid levels that are too low is ineffective, especially when it is diluted with water, according to Mr Mantle.
Compared with white vinegar, which typically contains five per cent acetic acid, cleaning vinegar with six per cent acetic acid would be more effective.
To remove mould from expensive leather products, consider getting a professional to do it, instead of using vinegar or baking soda – this will minimise the risk of damage to the leather. For non-leather bags like sports bags, Mr Mantle recommended applying fungicides. Off-the-shelf fungicides include bleach-based products.
However, where mould growth is extensive and found in areas difficult to reach such as ceilings, Mr Chua suggested consulting mould removal specialists.
Specialists use different methods to remove mould.
Anti-microbial misting is one method they use to eliminate mould in the air or hidden within walls. Disinfection machines that emit intense UV-C rays are also used. A coat of anti-mould paint is also commonly applied to prevent mould from reappearing.
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https://www.straitstimes.com/singapore/mould-cases-on-the-rise-during-rainy-season
| 2024-01-30T05:36:05Z
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SINGAPORE – Toyota has overtaken Mercedes-Benz and reclaimed its throne in new cars registered for 2023, beating the German brand by seven units.
Borneo Motors, the authorised agent for Toyota, registered 3,857 cars – which include an undisclosed number under luxury sub-brand Lexus – as at end 2023, according to Land Transport Authority statistics.
Cycle & Carriage, the authorised agent for Mercedes, registered 3,850 units, followed by BMW with 3,372.
The tally excludes sales by parallel importers that source vehicles from dealers overseas.
In 2022, Mercedes-Benz was Singapore’s best-selling car brand, eclipsing Toyota and BMW for the first time in several years.
Electric cars gained ground in 2023, with 5,467 units registered. Electric vehicles (EVs) accounted for 18.1 per cent of the 30,225 new cars put on the road in 2023, up from 11.7 per cent in 2022.
Among EVs, BYD was by far the leader, with 1,416 units sold, followed by Tesla (941) and BMW (789).
Parallel imports had a 21.2 per cent share of the market, versus 20.6 per cent in 2022.
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https://www.straitstimes.com/singapore/transport/new-car-sales-in-2023-toyota-reclaims-crown-by-whisker-evs-garner-18-of-market
| 2024-01-30T05:36:16Z
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LONDON – Mikel Arteta has slammed reports that he was ready to quit Arsenal to become Barcelona manager as “fake news”.
Reports in Spain on Jan 28 had claimed he had told colleagues he was going to leave the Emirates Stadium to return to Barca at the end of this season.
Current Barca boss Xavi announced on Jan 27 he would step down in the summer after a string of disappointing results, leading to Arteta being installed as one of the favourites to replace him.
Having come through the fabled academy at Barca, Arteta has a long-standing connection to the Camp Nou. But the 41-year-old on Jan 29 insisted he is keen to stay put at Arsenal.
“I am in the right place. I am with the right people,” he said.
“I feel really good about it. And, as I said many times, I am invested in a beautiful journey with this football club, with these players, these staff, our people.
“There is still a lot to do here. We all share that ambition and you can feel it as well, that we want more, that we aren’t satisfied and that the club wants to take another push and another level in everything we are doing.
“We need everyone on board to achieve it and I am certainly on board.”
Dismissing the Barca reports as completely fabricated, Arteta admitted he had been upset by the story.
“That’s totally fake news. I don’t know where it is coming from and it has no source. I am really upset about it,” he said.
“I could not believe it. I have always been really straight and always said the complete opposite; how happy I am and how much I enjoy where I am now.”
German champions Bayern Munich, meanwhile, were also forced to deny on Jan 29 that their coach Thomas Tuchel had talked about the Barca job.
At a Bayern fan club event later on Jan 28, the former Chelsea manager said that working “abroad will appeal to me again” at some point in his career.
Tuchel then talked in general about the Spanish La Liga and, according to some reports, he also spoke about the possibility of working at Barca.
Bayern’s chief executive Jan-Christian Dreesen and sporting director Christoph Freund, though, issued an angry statement afterwards to insist that Tuchel “never spoke about Xavi Hernandez and his successor, as was falsely claimed afterwards”.
Bayern added: “We will no longer accept such non-factual statements directed against our coach.” AFP
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https://www.straitstimes.com/sport/football/arsenal-boss-mikel-arteta-slams-barcelona-talk-as-fake-news
| 2024-01-30T05:36:26Z
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BALLYNAHINCH, Northern Ireland - The leader of Northern Ireland’s Democratic Unionist Party (DUP) said it had reached a deal with the British government on the operation of post-Brexit trade rules that would allow it to return to the region’s power-sharing government.
Northern Ireland has been without a devolved government for almost two years after the DUP walked out in protest over the trade rules, which it said created barriers with the rest of the United Kingdom and undermined Northern Ireland’s place in it.
A return to government by the region’s largest pro-British party offers a way out of a crisis that posed an existential threat to the political settlement underpinning Northern Ireland’s 1998 peace deal, and also puts an end to one of the most difficult aspects of Britain’s withdrawal from the European Union.
“I am pleased to report that the party executive has now endorsed the proposals that I have put to them,” Mr Jeffrey Donaldson told a news conference in the early hours of Jan 30 morning after an hours-long briefing to DUP lawmakers and party members.
“Subject to the binding commitments between the Democratic Unionist Party and the UK government being fully and faithfully delivered as agreed... the package of measures in totality does provide a basis for our party to nominate members to the Northern Ireland executive,” he added.
Any deal risked a split in the DUP while also providing ammunition to rivals including the much smaller Traditional Unionist Voice party, which opposes any compromise, ahead of a UK general election due by late January 2025.
Earlier, around 50 protesters, some holding Union Jack flags and signs saying “Stop DUP sell-out”, gathered outside the hotel where Mr Donaldson briefed party members after months of closely guarded talks.
The DUP leader said the party made a decisive decision and that the result of a vote was “very clear”.
Mr Donaldson said the measures, which will be underpinned by new UK laws, will remove checks for goods moving within the UK and remaining in Northern Ireland, guarantee unfettered access for Northern Ireland businesses to the UK market and safeguard the region’s place in the UK.
He said London would publish details “in due course” and could move quickly to enable the DUP to take its place back in Belfast’s Stormont assembly.
Irish nationalists and pro-British unionist politicians are obliged to share power under the terms of the 1998 Good Friday peace accord that ended three decades of sectarian violence in Northern Ireland.
Britain’s Northern Ireland Minister, Mr Chris Heaton-Harris, said on social media platform X that the parties entitled to form an executive would meet later on Jan 30 and that he hoped the assembly would return “as soon as possible”.
Sinn Fein leader Mary Lou McDonald, whose Irish nationalist party overtook the DUP as the biggest party in the 2022 assembly elections, said she was optimistic that the assembly would be restored by Feb 8.
That will allow Sinn Fein to nominate its inaugural first minister, the latest political milestone for the former political wing of the Irish Republican Army.
A member of the DUP will be eligible to be deputy first minister, an equally powerful but less prestigious post. REUTERS
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https://www.straitstimes.com/world/europe/northern-ireland-strikes-deal-to-return-to-power-sharing-government
| 2024-01-30T05:36:37Z
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Death in Paradise is returning to screens for the premiere episode of series 13 this weekend, marking its 100th episode – and it's clear that the beloved murder-mystery show has no plans to slow down.
After confirming that the show would be back for series 13 and 14 back in 2023, the wheels are already in motion for the cast and crew to head back to Guadeloupe to film new episodes in the spring, but what does the future beyond that hold for the BBC programme?
HELLO! caught up with Ralf Little, who plays the leading role of DI Neville Parker, Élizabeth Bourgine and Don Warrington in a Q&A for the new series, prior to the festive episode which aired in December last year, when we asked them about whether they'd like to return for more episodes beyond series 14.
Ralf in particular kept coy about any concrete plans on whether he'd definitely return. The actor plays the lead detective – a role that has traditionally switched actors every few seasons – meaning fans are constantly wondering whether he'll be staying on the Island of Saint Marie for the long haul.
Ralf told HELLO!: "It's the same answer as it has been every year since I started doing this. These things don't get sorted out until the in-between times, as with every year, it sounds like a cagey answer but that's the way it is."
The actor then joked with HELLO! that if there's news of a series 15 contract then to "send it his way", insisting that there's no news currently on whether the show will return beyond series 14, but the actor is seemingly open to discussion.
As for Don and Élizabeth, it's clear the stars adore their time in the cast and are hugely proud of how far it has come since it first aired in 2011.
In the video below, Ralf opens up about the most "painful" part of Death in Paradise...
Speaking to HELLO! and other press during the same Q&A, they spoke about how they felt about the show reaching the major 100-episode milestone, Élizabeth said: "I never imagined we'd get to 100 episodes, never.
"Because every year it's 'Wow, once again, it's fantastic and great to be this family again'. When [Executive Producer] Tim Key said last year that we had reached 100 I said, 'Wow. It's crazy.'"
Don added: "It was a leap in the dark this show, I think for everybody. We were delighted to get to the end of series one, it was a long lesson for all of this. And it continues to be. So it's a shock when you go '100? We've got this far.' But it's lovely, and not something that happens a lot. It's great."
MORE: Kris Marshall shares thrilling update on Beyond Paradise season two – exclusive
After the show was confirmed to be returning for a new, thirteenth series in 2024 and series 14 – which will air in 2025 – Tim released a statement which confirmed the news, and even hinted that there is more to come, with 13 and 14 being "at least" on the cards.
"The response to series 12 has been incredible, so we're delighted that we'll be heading back to Guadeloupe for at least two more series. We've got plenty of surprises ready to celebrate that milestone." He added: "We've got huge plans for the future and can't wait to get going again."
Meanwhile, the synopsis for series 13 reads: "Across the rest of the series, Marlon confronts his future, Naomi lets loose to double date with Darlene, and Catherine finds herself embroiled in a murder case when an old friend becomes a suspect.
"New and returning faces arrive on Saint Marie, and Neville faces his biggest decision yet. Will our hapless detective finally get his happy ever after? There’s also a deadly game of bingo, a poisoning at a cookery competition, death during a blackout, and a mystifying murder in a lift."
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https://www.hellomagazine.com/film/512295/death-in-paradise-stars-address-shows-future-and-nevilles-fate-on-the-island/
| 2024-01-30T06:22:30Z
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SYDNEY – Australia is the “security partner of choice” for neighbouring Papua New Guinea (PNG), Prime Minister Anthony Albanese said on Jan 30, after the biggest Pacific Island nation said China was seeking a policing and security deal.
Major trade partner China approached PNG in September 2023 with an offer to assist its police force with training, equipment and surveillance technology, PNG Foreign Minister Justin Tkachenko told Reuters on Jan 29.
Talks were at an early stage, and PNG would not jeopardise its security ties with Australia and the United States, he added.
PNG struck a A$200 million (S$177.12 million) security agreement with Australia in December 2023 to boost police training, after forging a defence agreement with the US in May the same year, although both deals are yet to be implemented.
“We are the security partner of choice for Papua New Guinea, as we are for most of the countries in the Pacific,” Mr Albanese told reporters on Jan 30, in response to questions.
China’s Ambassador to Australia said in January that Beijing has a strategy to help Pacific Island nations with policing, not defence, and its growing presence in the region should not alarm Australia.
In a statement on Jan 30, Mr Tkachenko said China’s offer of policing and internal security assistance was “being carefully assessed, as we do not want to duplicate or compromise agreements already in place with our traditional security partners, Australia and the United States of America”.
PNG has previously said it saw China as an economic partner, and Australia and the US as security partners.
“We have a longstanding and genuine relationship with China, where we can agree to disagree,” Mr Tkachenko added.
In an effort to counter China’s push to increase security ties in countries where Australia has long provided policing support, Australia pledged A$35 million for policing assistance in Timor Leste on Jan 29. REUTERS
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https://www.straitstimes.com/asia/australia-the-security-partner-of-choice-in-south-pacific-pm-albanese
| 2024-01-30T07:07:39Z
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SHANGHAI – A rapid rise in Candida auris infections in China has prompted calls for closer monitoring of the potentially fatal fungus amid growing drug-resistance concerns.
Scientists identified 182 C. auris-associated hospitalisations and outbreaks across the country in 2023, compared with 33 in 2022. Annual reported numbers have varied from 8-28 since 2016, according to a study led by researchers at Shanghai’s Fudan University and Tongji University.
While the incidence is lower in China than reported in the US, South Africa and India, the spread of Candida auris to at least 18 hospitals in 10 provinces has raised concerns because of the difficulties diagnosing and treating infections.
Almost all of the strains tested in China were resistant to the drug fluconazole, and 2 per cent to 4 per cent couldn’t be treated with caspofungin or amphotericin B, according to the study, published in the journal Emerging Microbes & Infections.
Most cases in China were identified in the east in provinces with comparatively developed economies, where hospital clinical microbiology laboratories have advanced instruments and skilled staff, the researchers said.
“Given the known difficulties in accurately diagnosing C. auris infections, these infections could be significantly underestimated,” they said.
“Due to its increased incidence worldwide and the fact that several outbreaks have occurred recently in health care settings, it is critical to increase awareness of the emerging threat of C. auris to public health.”
In the US, where Candida auris is deemed an urgent threat, more than 5,650 cases in patients and 13,100 infections among people screened for the fungus have been reported since 2013. BLOOMBERG
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https://www.straitstimes.com/asia/east-asia/china-s-rapid-rise-in-potentially-deadly-fungal-infections-sparks-calls-for-monitoring
| 2024-01-30T07:07:49Z
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HONG KONG - Hong Kong's government announced on Tuesday that it hopes to swiftly pass new national security laws. A public consultation document was also released. A deadline for its eventual passage into law has yet to be announced.
WHAT ARE THE NEW LAWS LIKELY TO INVOLVE?
The package, known as Article 23, is designed to update or create news laws to prohibit treason, sabotage, sedition, the theft of state secrets and espionage as well tightening control over foreign political bodies and organisations operating in the city.
The need for those specific laws is briefly stipulated in Article 23 of the Basic Law, the mini-constitutional document that has guided Hong Kong's relations with its Chinese sovereign since its handover from British colonial rule in 1997.
A previous attempt to enact Article 23 in 2003 was shelved after an estimated 500,000 people staged a peaceful protest against proposals.
ISN'T HONG KONG ALREADY SUBJECT TO NATIONAL SECURITY LAWS?
Yes. It has several old, vague and arcane laws from its days as a British colony that remain on the books.
Beijing also imposed a sweeping national security law on its freest city in 2020, with officials saying it was needed to bring stability after months of pro-democracy protests rocked Hong Kong in 2019.
That law dealt with only some offences, such as collusion with foreign forces, and also allowed mainland national security officers to be based in the city for the first time.
It also created a provision where suspects could be sent for trial in the mainland, where the courts are under the control of the ruling Communist Party.
The 2020 law highlighted the need for Hong Kong to continue its work on Article 23, creating local legislation. Senior Hong Kong officials say it is need to fill legal holes, particularly to deal with what they describe as "soft resistance" after 2019, and internet control.
Security chief Chris Tang has repeatedly said the government needs better tools to deal with espionage and the activities of foreign agents in the city.
WHAT IMPACT COULD THEY HAVE?
Businesses including foreign banks, hedge funds and private research operations, along with diplomats and academics are watching developments closely. Some are concerned the bill could lead to controls on the internet or impact data operations.
The consultation document does create a new sabotage offence of unlawfully using a computer or electronic system to endanger national security.
Research of China's politics, economy and military and due diligence investigations into individuals and companies on the Chinese mainland - all traditionally carried out by some Hong Kong firms and academics - could stray into areas of state secrecy, some fear.
The consultation document defines a list of state secrets in Hong Kong, including economic, scientific, diplomatic and social secrets, but says to be classed as such they would have to endanger national security if released.
Simon Young, a professor at the University of Hong Kong law school, said while many unknowns remained, he thought the law would ultimately adopt broad definitions for both a foreign political organisation and a foreign agent.
"It may well be that businesses or groups that have some connection with foreign governments might be captured here," Young said.
Hong Kong's leader John Lee said on Tuesday and the laws would meet international standards and protect Hong Kong's rights and freedoms.
DOESN'T CHINA ALREADY HAVE A STATE SECRETS LAW?
Reflecting the priorities of President Xi Jinping, China updated its own state secrets laws in 2023, banning the transfer of any information related to national security and broadening the definition of espionage. Some analysts say it remains vague.
Hong Kong's own version has to deal with state secrets but with legislation compatible with the standards of the British-based common law, of which it remains a part.
Hong Kong could bridge the two with some tight definitions of what is protected, bringing clarity, but "the mainland concept and legal definition of state secrets still looms large and we can't ignore that," Young said.
WILL THE NEW LAWS PASS EASILY?
Unlike the tensions that surrounding the bill in 2003, the final Article 23 bill is expected to pass easily and relatively swiftly, after formal readings of the bill and some debate in the Legislative Council. Changes to Hong Kong's electoral system after 2019 mean that pro-establishment figures screened as "patriots" control the body. REUTERS
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https://www.straitstimes.com/asia/explainer-why-hong-kong-wants-new-national-security-laws
| 2024-01-30T07:08:00Z
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KUALA LUMPUR – The Pardons Board headed by the Malaysian King met on Jan 29, according to a Cabinet minister, after a report said the meeting had decided on an application from imprisoned former prime minister Najib Razak.
Dr Zaliha Mustafa, a minister in the Prime Minister’s Department who sits on the Pardons Board, told reporters on Jan 30 that the meeting took place at the national palace. She did not say if Najib’s pardon bid was discussed.
“Just wait for the official statement from the Pardons Board,” Dr Zaliha said.
The Edge reported on Jan 30 that the board had discussed the case in what is King Abdullah Ahmad Shah’s last official meeting before passing the reins to Sultan Ibrahim Iskandar this week as part of the South-east Asian nation’s rotating monarchy.
The report did not say when the decision would be made public.
The board was scheduled to meet on Jan 29, and it was reported earlier that it might consider Najib’s bid for a pardon from his convictions related to the 1Malaysia Development Berhad scandal.
He is serving a 12-year prison sentence for several charges in the case involving RM42 million (S$11.9 million) in funds belonging to SRC International, a former unit of the troubled state fund.
He has exhausted all legal avenues of appeal and can be released from prison only by a royal pardon from Malaysia’s King.
Najib’s lawyer and the Malaysian government did not immediately respond to requests for comment.
Sultan Abdullah’s term as King under Malaysia’s rotational monarchy ends on Jan 30. BLOOMBERG
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https://www.straitstimes.com/asia/se-asia/malaysia-pardons-board-decided-on-jailed-former-pm-najib-s-case-report
| 2024-01-30T07:08:10Z
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LOS ANGELES – American legal drama Suits (2011 to 2019) took the top spot as the most-streamed title ever from another audience favourite, The Office (2005 to 2013), in 2023, while shows on Netflix dominated overall streaming charts, according to Nielsen data.
Suits, which starred Gabriel Macht, Patrick J. Adams, Meghan Markle and Gina Torres, racked up 57.7 billion viewing minutes in 2023, thanks to its availability on both Netflix and Comcast-owned Peacock.
The Office had generated 57.1 billion viewing minutes in 2020 amid pandemic-induced lockdowns, according to the report.
American actress Sarah Rafferty, who played legal secretary Donna in Suits, told People magazine in December 2023 that she was “gobsmacked” by the show regaining popularity on Netflix more than four years after its finale.
“You can’t really metabolise that in a real-world kind of way,” said Rafferty. “I don’t get it.”
The 51-year-old said it was a sentiment shared by her co-stars, as she revealed the cast group chat’s response: “Somebody sent one of the articles that said ‘billions of minutes’, and everybody was like, ‘Wait, what?!’”
Macht, who played top lawyer Harvey Specter, wrote on Instagram in July: “I’m humbled that the stories we created and produced for nine seasons have been watched and rewatched and will continue to create memories for all who enjoy the fruits of our labour. As Harvey Specter once said, ‘I don’t play the odds, I play the man.’ I’ll take ‘that’ from him.”
Markle, who played savvy paralegal Rachel Zane in Suits before her marriage to Britain’s Prince Harry in 2018, was also delighted by the series’ resurgence.
“It’s hard to find a show you can binge-watch that many episodes of these days, so that could have something to do with it,” the Duchess of Sussex, 42, told Variety magazine in November 2023. “But good shows are everlasting.”
Macht, Adams, Rafferty and Torres reunited on stage at the Golden Globe Awards earlier in January when they presented the Best Television Series – Drama award to Succession (2018 to 2023).
Some of the other widely streamed shows in 2023 were Bluey (2018 to present), NCIS (2003 to present), Grey’s Anatomy (2005 to present) and The Big Bang Theory (2007 to 2019).
Overall, Americans streamed 21 million years’ worth of video in 2023, a 21 per cent jump from a year earlier, as streaming firms continued to pour billions of dollars into new and licensed content to keep audiences hooked to their platforms.
Shows on Peacock, Disney+, Paramount+ and Warner Bros Discovery’s Max were also among those that were widely watched.
2023 was particularly challenging for the American entertainment industry, as strikes from writers and actors stalled production for months.
Despite the strikes, a handful of originals still managed to make it to the market, with Ted Lasso (2020 to 2023) on Apple TV+ leading the charts in the original category and Netflix’s The Night Agent (2023 to present) coming in a close second.
In the movie category, seven out of 10 were animated features that topped streaming charts, with Disney’s Moana (2016) and Encanto (2021) leading the way.
The report also highlighted the dominance of streaming in the United States, especially as high-profile sporting events, like the recent National Football League play-off game between Kansas City Chiefs and Miami Dolphins, become exclusive to streaming services. REUTERS
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https://www.straitstimes.com/life/entertainment/legal-drama-suits-sets-new-streaming-record-in-2023-eclipsing-the-office
| 2024-01-30T07:08:20Z
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SAN FRANCISCO – Social-media company X lifted the ban on searches for Taylor Swift on Jan 29 evening, after blocking users from searching for her following the spread of fake sexually-explicit images of the pop singer on the social media site last week.
The search has been reactivated and the platform “will continue to be vigilant for any attempt to spread this content and will remove it if we find it”, Mr Joe Benarroch, head of business operations at X, said in a statement on Jan 29.
Searches for Swift’s name on Jan 28 afternoon on X, formerly known as Twitter, yielded the error message, “Something went wrong. Try reloading.”
X had called the measure a temporary action done with “abundance of caution”.
One image of Swift, who was named Time Magazine’s “Person of the Year” in 2023, shared on X was viewed 47 million times before the account was suspended, according to a New York Times report.
The ban on searches came after The White House weighed in on Jan 26, calling the fake images “alarming” and highlighting that social-media companies have a responsibility to prevent the spread of such misinformation.
Since billionaire Elon Musk acquired Twitter in 2022, he has faced criticism for his own controversial posts, prompting many advertisers on the platform to pull back spending out of fear of being associated with harmful content. REUTERS
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https://www.straitstimes.com/life/entertainment/x-lifts-ban-on-taylor-swift-searches-after-spread-of-fake-explicit-images
| 2024-01-30T07:08:31Z
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SINGAPORE – It was a regular Saturday afternoon in April 2017 when Mr Huang Jun Jie took his daughter for a swim at Safra Punggol. But what unfolded that evening turned into a nightmare for him and his wife.
Hours after the swim, Huang Si Qing, then aged four, developed a fever that peaked at 41 deg C.
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https://www.straitstimes.com/life/i-thought-i-was-going-to-lose-her-says-father-of-girl-with-rare-condition
| 2024-01-30T07:08:41Z
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Today in Pictures, Jan 30, 2024
A participant brandishes a stick with fireworks in Spain, ice hockey action from the Winter Youth Olympic Games in South Korea, and other photos from around the world in Today in Pictures.
Desmond Foo
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A participant dressed up as a demon brandishes a stick with fireworks among revellers during the traditional Correfoc (fire-run) festival in Palma de Mallorca on Jan 28. The Correfoc is a night of revelry in which participants dress up as demons and devils, and run through the streets scaring people with fire and fireworks.
PHOTO : AFP
Czech Republic's goalkeeper Jan Larys (L) and Petr Hanys (C) attempting to clear the puck as the USA scores during the ice hockey men's 6-on-6 tournament preliminary round during the Gangwon 2024 Winter Youth Olympic Games in Gangwon ON Jan 29.
PHOTO : AFP
Pugs take part in the American Kennel Club's annual Meet the Breeds event at the Jacob K. Javits Convention Center in New York on Jan 28.
PHOTO : AFP
Displaced Palestinian children play near the Palestinian-Egyptian border in Rafah camp, southern Gaza Strip on Jan 29. Since October 2023, up to 1.9 million people, or more than 85 percent of the population, have been displaced throughout the Gaza Strip.
PHOTO : EPA-EFE
A butcher cutting meat at a market in Shenyang, in China's northeastern Liaoning province.
PHOTO : AFP
A supporter reacts ahead of the Africa Cup of Nations (CAN) 2024 round of 16 football match between Senegal and Ivory Coast at the Stade Charles Konan Banny in Yamoussoukro on Jan 29.
PHOTO : AFP
A taxi drivers holds a smoke flare as he takes part at a demonstration "snail operation" called by the four federations of Nouvelle-Aquitaine, against transport tariffs set by health insurance company, in Bordeaux, south-western France, on Jan 29.
PHOTO : AFP
Spectators watch a bullfight at the Monumental Plaza de Toros Mexico in Mexico City on Jan 28. Bullfighting resumed on Sunday in Mexico City after the Supreme Court revoked an earlier suspension.
PHOTO : AFP
Children travel on a van as they return from school on the outskirts of Talagang, some 170 kilometres from Islamabad on Jan 29.
PHOTO : AFP
An image taken with a slow shutter speed shows students rehearsing a dragon dance during a rehearsal for a Chinese New Year performance in Beijing, China on Jan 28. Students from Henan Village Primary School rehearsed their lion and dragon dance performance for the coming Chinese New Year.
PHOTO : EPA-EFE
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https://www.straitstimes.com/multimedia/photos/today-in-pictures-jan-30-2024
| 2024-01-30T07:08:52Z
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SINGAPORE – A businessman on board a Cambodia Airways flight to Singapore took another passenger’s bag, unaware that a Singaporean police officer, who was seated nearby, was closely observing him.
When confronted, Chinese national Yi Huaichun lied to Assistant Superintendent (ASP) Lee Jun Long that the bag belonged to him.
ASP Lee then held up the bag and asked the other passengers if it belonged to any of them. Upon hearing this, its rightful owner stood up to claim it.
Yi was arrested when the plane landed at Changi Airport.
On Jan 30, the 45-year-old offender pleaded guilty to a theft charge and was sentenced to seven months’ jail. Two other similar charges were considered during sentencing.
The incident took place on Dec 15, 2023, on a flight from Phnom Penh.
Yi was seated at 9C, ASP Lee at 8A and the victim at 7C.
Midway through the flight. Yi opened the overhead compartment for row 8 when he saw the passengers along that row appeared to be asleep.
While still standing at row 9, he stretched out his hand and slid a black haversack in the overhead compartment of row 8 to his own row. The compartments were connected to each other, said Deputy Public Prosecutor Dan Pan.
“The accused then brought the haversack to an empty seat at the back of the plane and rummaged through it, looking for items of interest to steal. He did not find any item of interest, and... returned the haversack to its original location,” the DPP said.
Using a similar method, Yi took a second bag which he also returned when he found nothing to steal from it.
ASP Lee saw his antics and alerted his two colleagues who were also on board the same flight.
Yi then removed a third bag, containing items including around $250 in cash and three bank cards, from an overhead compartment and took it to seat 2C.
After the three police officers saw him rummaging through the leather bag, ASP Lee got out of his seat, walked towards Yi and confronted him.
DPP Pan said: “The accused lied to ASP Lee that the leather bag belonged to him. ASP Lee then warned the accused to tell the truth as he had noticed the accused taking two other bags.
“The accused then replied that the leather bag was in fact not his and claimed that he was searching for his bag as he could not remember where it was.”
The truth emerged after the bag was returned to its rightful owner.
ASP Lee then asked Yi for his passport and the latter immediately retrieved it from his own bag, despite his earlier claims that he could not recall where it was.
On Jan 30, the prosecutor urged the court to sentence him to between seven and eight months’ jail, stressing that such offences are difficult to detect.
Yi’s case was the second one reported in The Straits Times in January involving thieves who targeted their victims while travelling by air.
Another Chinese national, Zhang Xiuqiang, 52, pleaded guilty to one count of theft on Jan 12 and was sentenced to eight months’ jail.
Zhang was on board a Scoot flight from Ho Chi Minh City in Vietnam to Singapore on Dec 16, 2023, when he stole cash from multiple passengers’ carry-on luggage.
Among other things, he stole items including US$1,000 (S$1,340) in cash from one of them.
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https://www.straitstimes.com/singapore/courts-crime/7-months-jail-for-man-over-theft-in-plane-caught-red-handed-by-cop-on-same-flight
| 2024-01-30T07:09:02Z
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SINGAPORE - Global anti-graft watchdog Transparency International has ranked Singapore as the fifth least corrupt country in the world, with a score that also places the Republic as the least corrupt country in Asia.
Singapore scored 83 out of a possible 100 on the group’s Corruption Perceptions Index (CPI), the same result it achieved last year.
The highest score it recorded was 87 in 2012 when the metric was revamped by Transparency International.
The CPI surveys experts and business people, and scores 180 countries and territories on a scale of 0 to 100 by their perceived levels of public sector corruption.
Denmark (90) topped the overall 2023 index, maintaining their position for the sixth consecutive year, and is followed by Finland (87), New Zealand (85) and Norway (84).
Transparency International, which released its report on Jan 30, said two in three jurisdictions scored below 50 in 2023.
It noted that corruption levels had improved in only 28 jurisdictions, and worsened in 34 countries and territories, despite progress in criminalising corruption and establishing specialised anti-corruption institutions around the world.
“This limited progress is hardly surprising considering the chronic weaknesses of justice systems meant to detect, investigate, prosecute and adjudicate corruption cases,” said the anti-graft organisation.
The top-scoring region in the 2023 CPI was Western Europe and the European Union, but Transparency International noted that its average score - 65 out of 100 - had dropped for the first time in a decade.
Among the 31 countries assessed in the region, only six had improved scores, while eight showed declines.
Several high-ranking democracies, including Sweden (82), Netherlands (79), Iceland (72) and Britain (71), recorded their lowest-ever scores in the index, with Britain experiencing an overall six-point decrease over the past five years.
Transparency International said the region’s “robust anti-corruption measures continue to be undermined by the weakening of checks and balances” and that the “erosion of political integrity contributes to diminishing public trust in countries’ ability to tackle the region’s ongoing challenges”.
The top five territories in the Asia Pacific region were New Zealand, Singapore, Australia (75), Hong Kong (75) and Japan (73).
It said the latest index reveals another year of little to no meaningful progress towards curbing corruption.
“For five years in a row, the average CPI score for the region stagnates stubbornly at 45 out of a possible 100.
“Very few countries show sustained turnarounds that indicate significant changes in corruption levels,” said the group of the Asia Pacific.
Singapore saw a number of corruption probes in 2023, including the case involving former Transport Minister S. Iswaran, 61, who was arrested on July 11.
Iswaran, who has since resigned, was handed 27 charges on Jan 18, 2024, including two for corruption. The case against him is ongoing.
Ms Urantsetseg Ulziikhuu, Asian regional coordinator at Transparency International, said any impact in Iswaran’s case would more likely to be taken into consideration in the medium term, rather than the short term.
“Independence of institutions, institutional checks and balances, and enforcement of existing laws among others would contribute to the level of perceived corruption in Singapore, and perception changes slowly over time,” she added.
Noting Singapore to be among the countries with high scores, Ms Urantsetseg said: “A country with a high score is not necessarily corruption-free.
“The CPI pays attention to the ability of governments to contain corruption and enforce effective integrity mechanisms in the public sector, which would include effective criminal prosecution for corrupt officials.”
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https://www.straitstimes.com/singapore/courts-crime/global-anti-graft-watchdog-places-singapore-as-5th-least-corrupt-country-in-world-index
| 2024-01-30T07:09:12Z
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SINGAPORE – While sprinting to catch a bus, Looi Kai Ye paid no heed to an elderly man walking in front of him and rammed into the latter with great force.
The impact caused the 76-year-old to hit his head against a metal railing, and he died of head injuries hours later.
Looi, a 37-year-old with special needs, was on Jan 30 found guilty of causing grievous hurt by an act that endangers personal safety.
He was also convicted of three other offences – voluntarily causing hurt that causes grievous hurt, using criminal force with intent to outrage modesty and committing an obscene act.
Another two counts of committing an obscene act will be taken into consideration for his sentencing on Feb 23.
The court heard that Looi is autistic, has bipolar disorder and that his intellectual functioning is in the borderline range.
At around noon on Sept 5, 2023, he was running to catch a bus, on a pavement next to Block 101 Tampines Avenue 2, when he ran straight into the elderly man.
The closed-circuit television footage played in court showed that the victim was flung against a railing before falling to the ground.
Instead of helping the victim, Looi boarded a bus and left. The senior was taken to Changi General Hospital where his condition deteriorated and he fell into a coma. He died on Sept 6.
In April that year, Looi was leaving a bank in Tampines Central. Deputy Public Prosecutor Sivanathan Jheevanesh said Looi perceived a 67-year-old woman, who was walking towards Looi, to be in his way.
When he pushed her hard on the chest, she fell to the ground and lost consciousness momentarily. Looi left without helping her.
She suffered head injuries, a tailbone fracture and abrasions on her elbows.
In March 2021, Looi molested a 27-year-old woman who was queueing at a food stall near Pasir Ris MRT station by thrusting himself at her.
When she turned around, he repeated the act before fleeing the scene.
A few days later, Looi entered a flat that was left unlocked and urinated in it. He ran away after the flat owner caught him red-handed.
In September 2023, Looi was assessed by Institute of Mental Health (IMH) psychiatrist Cheow Enquan, who found that he was not of unsound mind when he forcefully collided with the 76-year-old man.
Dr Cheow added that Looi was also not in relapse of bipolar disorder.
However, his mental conditions were found to have significant contributory links to his molestation offence.
Dr Sajith Sreedharan Geetha from IMH found that his behaviour “appeared to be related to his longstanding intense interest in women wearing leather clothing, and a tendency to behave in a socially inappropriate and impulsive manner”.
Dr Geetha added that Looi was aware of and in control of his actions at the time.
The prosecution is seeking a jail term ranging from 10 months and a week to 14 months and two weeks, and a high fine.
Looi’s lawyer, Mr Ranjit Singh, sought to have his client assessed for mandatory treatment order and probation. This was rejected by District Judge Kessler Soh who said the accused’s offences caused serious harm.
For causing grievous hurt by an act that endangers personal safety, an offender can be jailed for up to four years and fined up to $10,000.
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https://www.straitstimes.com/singapore/courts-crime/man-with-special-needs-found-guilty-of-ramming-into-senior-victim-died-from-injuries
| 2024-01-30T07:09:23Z
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Welcome to the latest edition of ST HeadSTart, bringing you the best of The Straits Times’ career and personal finance coverage every Monday morning. Sign up here to get weekly tips right into your inbox.
This week, we look at how a style change can shift how we might be perceived at work, whether we should be discussing salaries with colleagues and more.
Hi there, and welcome to another edition of HeadSTart. I’m Sue-Ann!
I have often heard that a first impression can be formed in mere seconds – before you’ve even had the chance to say your name, much less dazzle with your years of experience or varied credentials.
I’ve been in the journalism industry full time for over 6 years. And yet, I still encounter situations at work where I feel like I need to do a lot more to prove my experience and ability simply because I look younger than my age or the way I dress.
Also, for my peers and colleagues in their late 20s and early 30s, it may not be a compliment to be mistaken as a fresh graduate, as I can’t help but wonder if such first impressions could affect how credible we come across, or how much extra work we have to put in to demonstrate our ability and experience.
This week, my colleague Rosalind Ang consults an expert on how one can appear more professional and be taken more seriously simply by changing the way we dress. After all, if there’s a way we can come across better in those first few seconds – where’s the harm in trying it out!
Find out what she learnt on this week’s episode of We Try First.
askST Jobs: Should you tell a colleague how much you earn?
Company policy, personal comfort and implications for workplace dynamics are some factors to consider.
Young and Savvy: Counting the costs and blessings of pursuing a master’s degree overseas
Gaining new friends and experiences could take the edge off the hefty financial outlay.
How do young Singaporeans feel about marriage?
A recent poll has found that 7 in 10 young Singaporeans feel it is not necessary to marry, but most still want to. What is holding them back?
Me & My Money: Mistakes are unavoidable, learning from them is key
How to plan financially for unexpected health issues like cancer
42 per cent of survey respondents said they would not be financially prepared to manage the costs of cancer. How can we better prepare?
If you received this newsletter from someone, sign up here to get it right into your inbox!
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https://www.straitstimes.com/singapore/dress-for-success-does-what-you-wear-to-work-matter-things-to-consider-before-discussing-salaries-with-your-colleagues
| 2024-01-30T07:09:33Z
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England quick Mark Wood said he has no complaints about his limited role in their thrilling win over India in the first test in Hyderabad despite bowling just eight overs in the second innings.
Ollie Pope's knock of 196 and a seven-wicket haul from debutant Tom Hartley inspired England to a 28-run victory on Sunday in the opener of a five-match series.
Captain Ben Stokes opted to go for four spinners, with Wood being the sole seamer in the starting line-up, and the move paid off as they handed India just their fourth defeat in their last 48 home tests.
"When we were at the ground, he (Stokes) said probably one or two," Wood told ESPNcricinfo. "I mean, I thought I may not even open the bowling second innings. But it was like, 'one over; that's it'.
"Very rarely would you think you'd bowl one over and then be off. But weirdly, I trust what he says. One over? Right, okay, I'll give it everything for this over.
"And then he said 'rest' and I'm not annoyed. Like, I get it, we're going to spin now. So it's just a bit different."
India quick Jasprit Bumrah picked up six wickets in the test, including four for 41 runs in the second innings. Wood went wicket-less after bowling 25 overs in the match.
"Bumrah didn't do me any favours by bowling like a genius," Wood said. "I'm disappointed that I didn't get any wickets but not really fussed, because the team played amazing."
Wood said the victory would have given the hosts "something to think about" for the remainder of the series.
"India have got the potential to produce any wicket here," he added. "I've played in World Cup games and Indian Premier League games where it's seamed, flat pitches, spinning wickets."
The second test will take place in Visakhapatnam from Feb. 2-6. REUTERS
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https://www.straitstimes.com/sport/englands-wood-not-annoyed-by-limited-role-in-win-over-india
| 2024-01-30T07:09:44Z
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Australia captain Mat Ryan has dismissed criticism of the Socceroos' Asian Cup campaign as "outside noise" while admitting that the team can improve ahead of the quarter-finals.
Australia's 4-0 win over 146th-ranked Indonesia drew only faint praise in home media while fans lamented the team's lack of fluidity in attack.
The victory came after coach Graham Arnold defended his squad's performance after an unconvincing 1-1 draw with Uzbekistan in the group stage.
Ryan said results were all that mattered.
"There can be a lot of outside noise and all that about, you know, the team should be doing this and doing that," he said.
"But you know football isn't easy ... Everyone claims that it is from the outside.
"When you're out here and you're a professional footballer and you take on another team that's trying to do everything that they can to win a game, it's not easy.
"All due respect to Indonesia, they gave it a good crack."
Australia, the 2015 champions, will play either Saudi Arabia or South Korea in the quarter-finals.
Australia will hope to have forward Craig Goodwin ready to start after he came off the bench against Indonesia around the hour-mark, having missed the Uzbekistan game with a hamstring strain.
"I feel like we've still got a lot of improvement in us and I think that's a good sign going forward," said Ryan.
"We're a tight-knit group of boys. We all treat each other like brothers and it's like a family in here." REUTERS
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https://www.straitstimes.com/sport/football/football-isnt-easy-australia-skipper-ryan-hits-back-at-critics
| 2024-01-30T07:09:54Z
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PARIS – France hosted the 2023 Rugby World Cup having won over a nation backing Fabien Galthie’s team for home glory and a first-ever Webb Ellis Cup.
An opening, comprehensive 27-13 victory over New Zealand set alight patriotic fervour in the belief that skipper Antoine Dupont could lead France to victory on home soil.
But those hopes were cruelly dashed at the quarter-final stage, eventual winners South Africa sealing a nail-biting 29-28 victory to unceremoniously dump Dupont and his side out of the competition.
“No regrets,” coach Galthie maintained after the loss. “We did everything we could to make the most of our potential.”
That potential must now be channelled into the Six Nations, with France kicking the tournament off on Feb 2 with the World Cup final many neutral observers wanted and even expected, against Ireland.
There had also been high World Cup hopes for the Irish, fresh from a Grand Slam in the 2023 Six Nations. But they went down to New Zealand in another gripping quarter-final, leaving coach Andy Farrell – as meticulous as Galthie in his planning – licking his wounds in disappointment.
“For us, it was a time of mourning,” Galthie acknowledged.
“It’s a huge disappointment after four years of hard work, four years of successful work with 80 per cent wins and all those records. The only objective we wanted to achieve was to be world champions. There was no other.”
Looking ahead, France will be without Dupont for the Six Nations, the combative scrum-half having chosen to play for the national rugby sevens team ahead of the 2024 Paris Olympics.
“It is like going back to school, just as is every Six Nations, but we are not starting from scratch,” Galthie added of preparing for European rugby’s showpiece tournament.
“There’s a bit of a feeling that it’s a new start, but also carrying on the last four years’ work.
“We’ve lost two matches in two years, we’ve won a lot and it’s interesting to fall back on this common path.”
Gregory Alldritt takes over the captaincy from Dupont, but Anthony Jelonch, who deputised for the scrum-half when he was injured at the World Cup, will miss the Six Nations with a knee injury.
France will need a strong performance against Ireland to kickstart the good feeling around the squad Galthie has built since taking over in 2019.
Without Dupont, all eyes will be on Alldritt’s ability to step up into the captaincy gap left by a player most people agree is currently the best in the world. AFP
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https://www.straitstimes.com/sport/france-eye-six-nations-boost-after-world-cup-despair
| 2024-01-30T07:10:04Z
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England flyhalf Marcus Smith limped off during a training session on Monday and could be sidelined for their Six Nations opener against Italy at the weekend.
With flyhalf Owen Farrell ineligible for selection after signing with French club Racing 92, Smith's absence would "definitely be a blow," England attack coach Richard Wigglesworth told British media.
"It wasn't a big incident, that's why I was hoping it was nothing much. He was just jogging, but he pulled up and happened to be right next to a physio when he did it by the sideline."
Reports said the 24-year-old was later seen using crutches and was to undergo scan.
England are already without centres Ollie Lawrence and Oscar Beard and hooker Luke Cowan-Dickie for the match in Rome on Saturday.
Coach Steve Borthwick could turn to George Ford at number 10 if Smith is unable to make it, with the uncapped Fin Smith another option.
Borthwick is scheduled to announce his starting line-up on Thursday. REUTERS
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https://www.straitstimes.com/sport/smith-adds-to-englands-six-nations-injury-worries
| 2024-01-30T07:10:15Z
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LONDON - The UK will finally roll out post-Brexit border checks on Jan 31 on food, plant and animal products imported from the European Union, fanning fears of more price hikes, empty shelves and even Valentine’s Day flower shortages.
The long-awaited move will affect dinner-table staples from across the Channel, such as ham, sausages and cured meat, as well as butter, cheese and cream. It will also affect cut flowers.
The changes have been delayed five times because of fears about the knock-on effect on the sluggish UK economy and inflation, which remains elevated amid a broader cost-of-living crisis.
From Jan 31, companies must present certificates for sanitary and phytosanitary imports at the UK border. Some goods from Northern Ireland will also face full customs controls.
London had postponed the checks since leaving the EU’s customs union and single market in January 2021, but UK exports have faced controls for products heading in the opposite direction.
Mr Marco Forgione, director-general at the Institute of Export and International Trade, which represents UK importers, says most companies are “very” worried about negative fallout.
“Over 70 per cent (of member firms) are very concerned about the impact of these changes,” Mr Forgione told AFP, citing a survey by the organisation.
This week’s changes will cost UK businesses approximately £330 million (S$562 million) per year in additional charges, according to government estimates.
UK Prime Minister Rishi Sunak’s Conservative administration insists that this will not have a significant impact on food inflation.
But that has not allayed concerns.
Not all companies will be affected in the same way, although there is increasing alarm among fruit and flower producers, which rely on imported plants from EU nations, particularly from the Netherlands.
The UK’s National Farmers’ Union argues such horticultural businesses face an “existential threat” from the rule changes, The Guardian newspaper reported.
Dutch flower-growing association VGB has also written to London to express concern.
“Delays in transit times and insufficient care in handling these goods could result in substantial damages and losses,” the VGB wrote, according to part of the letter shared with AFP.
The organisation also slammed the insufficient number of border control points and urged another postponement, while British MPs asked the government to guarantee that red tape will not mean no red roses for Valentine’s Day.
“Roses from the EU are classed as a low-risk good so will be exempt from controls at the border and not affected by these changes,” the government said last week.
However, not all sectors have been critical of the new UK checks.
The livestock sector complains that exports currently face far greater scrutiny heading into the European Union, than EU imports heading the other way.
“For the past three years, British farmers have faced the full reach of EU controls on our exports while the EU has enjoyed continued easy access to the UK marketplace,” President of the National Farmers’ Union of England and Wales Minette Batters told AFP.
“This is not just an issue for competitiveness, with our farmers faced with additional costs and paperwork, but also for our nation’s biosecurity.”
Further down the line, the government plans physical UK border checks from late April.
The British Meat Processors Association (BMPA), an industry body, anticipates that “random” border checks will be carried out – but “consignments will not face rejection or be turned back” during an initial phase.
However, it warns that there is a “significant likelihood of disruption to supply chains” from April, according to a BMPA spokesman, citing the need for more veterinary certificates.
“Every indication we have is that there is a lack of veterinary capacity amongst EU exporting countries,” the spokesman added.
Almost half of the pork consumed in Britain comes from the EU, according to the BMPA.
Mr Andrew Opie, director of food and sustainability at the British Retail Consortium, expects costs will rise, and smaller players might not be fully prepared.
“Whilst we are not anticipating widespread problems... there will be some smaller suppliers who may still not be prepared for the changes,” said Mr Opie.
However, he also warned that “the checks will create additional costs for retailers” that have already ramped up prices due to elevated inflation.
In the longer term, the UK government proposes a simplified border-control system to share data and harness new “smart” technology like GPS trackers.
Those plans “will help reduce costs and friction for businesses, which in turn will help to grow the economy”, Mr Forgione at the Institute of Export and International Trade noted. AFP
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https://www.straitstimes.com/world/europe/new-post-brexit-customs-checks-spark-uk-border-worries
| 2024-01-30T07:10:25Z
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A potential scientific breakthrough has been made with the sighting of a newborn great white shark in the wild.
The discovery was made by Mr Carlos Gauna, a wildlife filmmaker, and Mr Phillip Sternes, a doctoral student at the University of California, Riverside (UC Riverside), while they were capturing aerial videos and photographs, CNN reported.
The pair captured drone footage of the young shark about 300m off the coast of Carpinteria, California, on July 9, 2023.
The shark’s pale colouring and small size, at just 1.5m long, were unlike those of adult great whites, which are typically grey on top and white underneath.
Upon closer examination of the drone footage, Mr Gauna and Mr Sternes observed a thin, white layer peeling away from the shark’s body as it was swimming.
“I believe it was a newborn white shark shedding its embryonic layer,” Mr Sternes said in a UC Riverside media statement on Jan 29, 2024.
Mr Gauna and Mr Sternes’ findings were published in the peer-reviewed journal Environmental Biology of Fishes the same day.
The authors of the study believe that the shark’s unique colouring could be due to fluids from the uterus, where embryonic sharks are nourished before birth.
“Given that white sharks produce uterine milk, it is within the realm of possibility that either this fluid or another fluid could have adhered to the shark right before birth,” they said in the study.
This observation could prove significant, as the birthplaces of great white sharks remain a mystery to science. If the sighting is confirmed, it would mark the first recorded instance of a newborn great white in the wild.
There are sceptics, however, who urge discretion.
Dr Gavin Naylor, director of the Florida Programme for Shark Research, described the claim as “highly speculative”, noting in an e-mail reported by CNN the absence of other pups typically born in a litter.
“White sharks typically have between eight and 12 pups at a time, so where are all the others?” Dr Naylor asked.
Another explanation for the shark’s pale colour is that it could have an unidentified skin disorder. However, Mr Gauna and Mr Sternes noted that “no such condition has ever been reported for these sharks” and assert that the most plausible explanation is that the creature they observed is a newborn great white.
The study noted that the shape and size of the shark spotted were similar to that of a newborn – thin, with rounded fin apexes.
Moreover, other researchers have suggested that the location off the coast of central California is a birthing ground for great white sharks.
Dr Nicholas Ray, a researcher at Nottingham Trent University, regarded the sighting as “fantastic” and potentially groundbreaking for understanding the species’ reproduction.
Shark experts have long hypothesised that great whites are born in shallow, coastal waters, but this has never been observed, until the emergence of the recent footage.
The observations require “further investigation and additional evidence for support or refutation”, according to the study.
“Nevertheless, in either case, the use of the aerial drone has provided shark science with another interesting set of information,” the study’s authors added.
Mr Gauna is convinced he and Mr Sternes’ discovery is a “monumental” one.
“Where white sharks give birth is one of the holy grails of shark science. No one has ever been able to pinpoint where they are born, nor has anyone seen a newborn baby shark alive,” he said.
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https://www.straitstimes.com/world/newborn-great-white-shark-spotted-off-us-coast-marks-monumental-first
| 2024-01-30T07:10:36Z
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One in 10 applications for United States visas came from citizens of India in 2023 – a 60 per cent increase compared with 2022 – as the American embassy and consulates in India processed a record-high number of visas.
Indian daily Deccan Herald reported on Jan 30 that the US embassy in New Delhi and the consulates in Mumbai, Chennai, Kolkata and Hyderabad processed 1.4 million visas in 2023.
Describing the demand as “unprecedented”, the embassy said there were more than 700,000 applications for visitor visas in 2023, the second-highest number of applications in its history.
Travellers from some countries visiting the US for reasons such as business or tourism need to obtain a visitor visa. They are not allowed to use this visa to stay in America for, say, employment or education.
To meet the surge in visa demand, the embassy and consulates boosted the number of staff in Mumbai for three months in early 2023 and improved technical processes.
These resulted in a decrease in wait times for visitor visa interviews from an average of 1,000 days to 250 days.
More than 140,000 student visas were issued by the US consular team in India in 2023, more than any other country in the world, putting India at the top for the third year in a row.
Indian citizens currently make up over a quarter of more than one million foreign students studying in the US, and are the largest group of international graduate students in the country.
The US embassy said issuing employment visas continues to be a top priority. In 2023, processing of petition-based visas – when employers in the US file employment-based petitions to hire a foreign worker – was consolidated in Chennai and Hyderabad to improve efficiency, which allowed the embassy to minimise visa appointment wait times.
The embassy added that it continues to explore ways to provide more efficient services, such as the opening of a US$340 million (S$455.3 million) facility in Hyderabad in March 2023 and two new consulates in Ahmedabad and Bangalore, as well as the permanent assignment of more consular officers in India.
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https://www.straitstimes.com/world/united-states/indian-citizens-make-up-1-in-10-us-visa-applicants-in-2023-60-rise-from-2022
| 2024-01-30T07:10:46Z
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This is the latest launch from Anima App
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AI Code Personalization
AI Code Personalization
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A GenAI engine within Anima that allows users (developers) to automatically customize the code they produce so it resembles the way they code in terms of conventions. Anima for Figma: https://link.animaapp.com/3SlLmn2
Launched in
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Design to Code, Automated
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AI Code Personalization by
Anima App
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Andrico Karoulla
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Federico Terzi
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Aymeric Beudaert
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Moez Bouaggad
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Myriam Cohen
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Avishay Cohen
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Or Arbel
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Yarden Katz
and
Ofer Laor
. Featured on January 30th, 2024.
Anima App
is rated
4.4/5 ★
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https://www.producthunt.com/posts/ai-code-personalization
| 2024-01-30T08:02:43Z
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"Thank you for checking out our launch! Chronoscope is an ever growing product and at the centre of it all is YOU! User feedback is much appreciate it and helps us shape the future of our time tracking tool. We'll be here all day and are looking forward to your comments."
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https://www.producthunt.com/posts/chronoscope-2
| 2024-01-30T08:02:49Z
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This is the latest launch from Llama 2
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Code Llama 70B
Code Llama 70B
New, performant version of Meta's LLM for code generation
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This model helps developers create strings of code from prompts and debug human-written work. It is the largest and best-performing model in the Code Llama series and is available in three versions and is free for both research and commercial use.
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Llama 2
The next generation of Meta's open source LLM
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Llama 2
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https://www.producthunt.com/posts/code-llama-70b
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Crypto: The Game is a massive internet survivor game, where everyone buys in & votes each other off until one person wins the entire pot. There are tribes, 24/7 chats, immunity challenges, and a bunch of twists that’ll reveal themselves as the game progresses.
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https://www.producthunt.com/posts/crypto-the-game
| 2024-01-30T08:03:02Z
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Faltah is your secret weapon in interview preparation. This new technology engages with candidates, offering constructive feedback and tracking their progress. With a track record of assisting over 2,000 individuals in securing better job opportunities.
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https://www.producthunt.com/posts/faltah-interview-simulator
| 2024-01-30T08:03:08Z
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Flockler
Flockler
Simple, Fast Shoppable Feeds to Grow Your E-commerce Store😍
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❤️Show how much people love your products with shoppable Instagram feeds for your e-commerce. Increase sales by driving traffic to your product pages directly from social media posts. Keep them engaged; keep them shopping! 🚀
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Simple, Fast Shoppable Feeds to Grow Your E-commerce Store😍
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https://www.producthunt.com/posts/flockler
| 2024-01-30T08:03:14Z
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Bring production-grade experience to your apps. A simple 3-in-1 API that provides rate limiting, caching and request prioritization capabilities. FluxNinja Aperture improves reliability and performance while helping reduce costs of cloud applications and LLMs.
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https://www.producthunt.com/posts/fluxninja-aperture
| 2024-01-30T08:03:20Z
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"As a user, would you mind inputting your email along with your measurements each time you search to instantaneously access your fit matches? Would this be a fair tradeoff for not creating a profile, or would having to input your email turn you off altogether from trying Goldie?"
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https://www.producthunt.com/posts/goldie
| 2024-01-30T08:03:26Z
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Lilac is an open-source tool that enables data and AI practitioners improve their products by improving their data.
Lilac Garden is a hosted service that accelerates common dataset transformations, like clustering, signal computation, and data edits with LLMs.
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https://www.producthunt.com/posts/lilac-garden
| 2024-01-30T08:03:32Z
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Memories Crate
Memories Crate
Create your memories jar with customizable coupons
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A place to surprise your special ones with dates, acts of service, or gifts in the form of customizable digital coupons. Let your loved ones choose what they prefer to experience on any given day and start creating your own digital memories jar.
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Memories Crate
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Memories Crate
Create your memories jar with customizable coupons
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Memories Crate
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Open SaaS
Open SaaS
Open-source & 100% free React & Node.js SaaS starter!
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An open-source, feature-rich, full-stack React + NodeJS template that manages features for you. Admin dashboard, Integration with Stripe, OpenAI, Plausible/Google Analytics, and more! Deploy anywhere.
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Open SaaS
Open-source & 100% free React & Node.js SaaS starter!
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https://www.producthunt.com/posts/open-saas
| 2024-01-30T08:03:45Z
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"Thank you for taking the time to check out our latest launch! We're eager to make sure it resonates well with our users and would greatly appreciate your candid feedback. To help us refine our approach, we're particularly interested in your first impressions. What was your first impression?"
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https://www.producthunt.com/posts/opencopilot-v2
| 2024-01-30T08:03:51Z
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"Here's our short term roadmap. Tell us what you think! - Integrate with Google Analytics, dbt, Mixpanel, Amplitude, Figma, and Meta Ads APIs. - Support for data forecasting, period comparisons in metrics, and downloads. - New views for metrics & projects, incld. tables, grids, pins & presentations."
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https://www.producthunt.com/posts/panobi
| 2024-01-30T08:03:58Z
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Podnotes
Podnotes
Transcribe, summarize and create content from your podcasts
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Transcribe, Summarize and Repurpose Podcasts & Videos into high quality social media content, blogs, newsletters and viral audiogram clips powered by state of the art AI
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Audio
by
Podnotes
Support is great. Feedback is even better.
"Hey! Thank you so much for checking us out - We would love to know what you think ❤️"
The makers of Podnotes
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Podnotes
Transcribe, Summarize and Create Content from your Podcasts
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Rushab Tated
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Saddam
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https://www.producthunt.com/posts/podnotes-2
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This is the latest launch from Trellus
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Trellus AI Autodialer
Trellus AI Autodialer
Retrofit your dialer into a powerful AI autodialer
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Trellus’ new embedded Auto Dialer will 3x your conversations without sacrificing the quality of your conversations.
No delays. No SPAM risks. No problems.
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Trellus
Real-time AI cold call coach and Auto Dialer
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Trellus
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by 9 users. It first launched on May 16th, 2023.
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| 2024-01-30T08:04:11Z
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Zerve AI
Zerve AI
What if Jupyter + Figma + VSCode had a baby?
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Zerve’s Data Science Development Environment gives data science and ML teams a unified space to explore, collaborate, build and deploy data science & AI projects.
Sign up now for early access.
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Zerve AI
What if Jupyter + Figma + VSCode had a baby?
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| 2024-01-30T08:04:17Z
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Zilliz Cloud, built on the popular open-source Milvus, is a vector database platform that stores, indexes, and searches for billions of embedding vectors to power enterprise-grade similarity search, recommender systems, anomaly detection, and more.
"As with any technology, Zilliz Cloud will never be finished so we want to hear your feedback and ideas on how we can keep building the tools you need to build the best AI applications powered by semantic search."
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https://www.producthunt.com/posts/zilliz-cloud
| 2024-01-30T08:04:23Z
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blocked_url
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CANBERRA – An Australian study has discovered that soundwaves can accelerate soil fungi growth, unlocking the potential for improved ecosystem recovery.
The study, which was published by researchers from Flinders University on Jan 30, recorded rapid acceleration in soil fungi growth when exposed to sounds in a controlled environment.
Dr Jake Robinson, a microbial ecologist at Flinders University and co-author of the research, said the findings showed the potential for eco-acoustics to support ecosystem restoration, food production and composting. Eco-acoustics is the study of the relationship, mediated through sound, between organisms and their environment.
“More than 75 per cent of the world’s soils are degraded, so we need to take radical steps to reverse the trend and start restoring biodiversity,” he said in a media release.
“This research surprised us when one common plant growth-promoting fungi increased its initial number of spore cells biomass by almost five times compared to the control group where soundwaves were at ambient levels.”
The researchers buried regular tea bags to enable the growth of biomass as their organic contents degraded and subjected them to different levels of noise over 14 days.
They found that those that were exposed to high-pitched monotone soundwaves at approximately 80 decibels (dBs) for up to eight hours a day produced more fungi growth than a control group subjected to 30 dBs of noise.
Study co-author Martin Breed said that in addition to paving the way for improved vegetation regrowth, the findings could also lead to the reintroduction of lost species. XINHUA
|
https://www.straitstimes.com/asia/australianz/soundwaves-accelerate-the-growth-of-soil-fungi-that-could-help-repair-ecosystem
| 2024-01-30T08:39:59Z
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TAIPEI – Almost half of companies surveyed by the American Chamber of Commerce (AmCham) in Taiwan consider geopolitical concerns a deterrence to expanding or investing in the island, but that number has significantly dropped even as China tensions remain.
China, which views democratically governed Taiwan as its own territory despite the objections of the Taipei government, has been stepping up military and political pressure to assert those sovereignty claims.
Mr Lai Ching-te of the ruling Democratic Progressive Party, who China views as a separatist, won January’s presidential election and will take office on May 20, though his party lost its parliamentary majority.
In a survey released on Jan 30, which took place between Nov 20 and Dec 15, AmCham Taiwan said 46 per cent of respondents considered “geopolitical uncertainty” the top factor deterring them from expanding or investing in Taiwan.
While that was down 20 percentage points from the previous survey, it was still higher than other factors such as bureaucracy and a shortage of skilled labour.
“So while they see geopolitics as a risk, it is not so much of a deterrence,” AmCham Taiwan chairperson Dan Silver told reporters.
More than half of respondents said relations with China should be a priority for Taiwan’s government in the next three years.
“Although our members don’t express high levels of concern about action from China, businesses do need a stable and peaceful environment to prosper,” added AmCham Taiwan president Patrick Lin.
AmCham Taiwan, which said that 223 of its 444 eligible members responded to the survey, said 92 per cent planned to maintain or increase investment in the island in 2024, noting confidence in Taiwan is “flying high”.
The group has called for an ambitious agenda to accelerate economic cooperation with Taiwan through a new Taiwan-US trade talks framework – and eventually a bilateral trade agreement, which Taiwan’s government has also pushed for.
Mr Silver said he thought the prospects for such a deal were “modest” but that Taiwan needed to “seek with urgency and respond with urgency to outreach from the United States to move towards new agreements”. REUTERS
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https://www.straitstimes.com/asia/east-asia/us-business-group-in-taiwan-sees-falling-but-still-high-geopolitical-concerns
| 2024-01-30T08:40:09Z
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blocked_url
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ISLAMABAD – A Pakistan court handed former prime minister Imran Khan a 10-year jail term on Jan 30 for leaking state secrets, the former premier’s media team said.
The case pertains to allegations that Khan shared contents of a secret cable sent by Pakistan’s ambassador in Washington to the government in Islamabad.
Khan’s party, the Pakistan Tehreek-e-Insaf, said both Khan and former foreign minister Shah Mehmood Qureshi were sentenced to 10 years each by a special court.
It said the party would challenge the decision and called it a “sham case”.
“We don’t accept this illegal decision,” Khan’s lawyer, Mr Naeem Panjutha, posted on social media platform X.
It is the second conviction for the embattled former cricket star in recent months.
He was previously sentenced to three years in a corruption case. While his jail term was suspended as he challenged the corruption conviction, it had already ruled him out of the country’s general elections next week.
Despite being ruled out of the election, Khan’s legal team was hoping to get him released from jail, where he has been since August, away from the public eye.
The latest conviction means his release is unlikely, even as the charges are contested in a higher court.
Khan has been fighting dozens of cases since he was ousted from power in a parliamentary vote of no confidence in 2022.
Khan says the cable was proof of a conspiracy by the Pakistani military and the United States government to topple his government in 2022 after he visited Moscow just before Russia’s invasion of Ukraine. Washington and the Pakistani military deny the accusations.
Khan has previously said the contents of the cable appeared in the media from other sources. REUTERS
|
https://www.straitstimes.com/asia/former-pakistan-pm-imran-khan-gets-10-year-jail-term-for-leaking-state-secrets-geo-news
| 2024-01-30T08:40:19Z
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blocked_url
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MANILA – The Philippines and the United States plan to hold what could be their largest military exercises in April, in a show of strength of their alliance amid heightened tensions in the South China Sea.
The annual exercises – called “Balikatan” – will feature “more complex drills”, including cyberspace and information warfare, Armed Forces of the Philippines spokesperson Colonel Francel Margareth Padilla said in a briefing on Jan 30.
“Balikatan” is a Filipino word that translates to shoulder-to-shoulder.
“We are going to have more exercises in key positions all over the country,” Col Padilla said. “Aside from quantity, we will heavily lean towards quality training.”
The mutual defence allies held their largest war games in over three decades in 2023, when 17,600 military troops from both countries participated. The exercises included live-fire drills in waters near the South China Sea, where Beijing has asserted expansive claims.
The plan for expanded drills comes as the US and the Philippines are boosting their security ties in the face of lingering tensions in the contested waters.
The Philippine Navy has monitored about 200 vessels operated by Chinese maritime militia in the South China Sea, Navy spokesperson Commodore Roy Vincent Trinidad said in the same briefing. “We have seen them being more aggressive, and that has carried on until now,” Commodore Trinidad said. BLOOMBERG
|
https://www.straitstimes.com/asia/se-asia/philippines-eyes-even-larger-military-drills-with-us-in-april
| 2024-01-30T08:40:30Z
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blocked_url
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