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‘He will learn from that’ – Arne Slot gives his verdict as Caoimhín Kelleher’s mistake costs Liverpool at Newcastle
“They’re starting to call us punks. It was absurd, these stupid labels. One day I said to a guy, ‘If you call me a punk again, I’m gonna cut ya’”: How Tom Petty took on the record industry and won with Damn The TorpedoesKen Griffin is arguably one of the most successful investors of all time. He made a name for himself when he shorted stocks just ahead of the 1987 market crash that came to be known as "Black Monday." His profits last year topped $7 billion as his returns of roughly 15% outpaced many of his peers. That result pales in comparison to his performance in 2022, though, when Citadel became "the most successful hedge fund ever," according to CNN, generating profits of $16 billion, the "largest annual windfall on record." Griffin has been outspoken about the potential for generative AI . "This branch of AI will be game-changing for the economy," he said, "because it will take an enormous amount of work that's done today by people and do it in a distinctly different, highly automated, highly efficient way." These weren't just empty words. At the end of last year, Griffin's top five individual stock holdings were all AI companies. It's therefore worth noting that Griffin has sold more than half his stake in AI stock Broadcom ( AVGO 0.18% ) , and is pouring funds into another AI stock-split stock instead. Broadcom has been on fire Broadcom is one of the gatekeepers in the AI ecosystem . The company provides a wide range of products used in the cable, mobile, broadband, and data center industries. It reports that "99% of all internet traffic crosses through some type of Broadcom technology," making it a key provider of the tech necessary to facilitate AI. In its fiscal third quarter, which ended Aug. 4, Broadcom's revenue grew 47% year over year to $13.1 billion, while its adjusted earnings per share (EPS) increased 18% to $1.24. Management expects its growth streak to continue, and boosted its full-year revenue forecast to $51.5 billion, which would equate to growth of 44%. Those results help illustrate why Broadcom stock is up 64% over the past year and 188% over the past three years (at the time of this writing). The stock has risen so much, in fact, that management instituted a 10-for-1 stock split that was completed on July 15. Wall Street is nearly unanimous in its opinion of Broadcom. Of the 42 analysts who cover the stock, 37 rate it a buy or strong buy, and none recommend selling. That backdrop makes it all the more notable that, during the third quarter, Griffin sold more than 3.1 million shares of Broadcom -- roughly 64% of Citadel's stake in it. He still holds 1.72 million shares worth about $296 million. At the same time, he was buying another AI stock -- Nvidia ( NVDA -3.22% ) . Want chips with that? It's clear Griffin thought Nvidia represented a compelling opportunity last quarter. The billionaire investor increased Citadel's stake by more than 7 million shares, an increase of 454%. That brought his total stake to 712 million shares worth $865 million. Among the thousands of stocks in Citadel's portfolio, Nvidia is the second-largest individual stock holding. Nvidia has been the poster child for the AI revolution, as its graphics processing units (GPUs) are the most-used hardware for providing the computational horsepower needed to train and run AI models. This has caused a run on the company's state-of-the-art processors, which have become the gold standard for data centers, where most AI processing takes place. The unprecedented demand has had an unmistakable impact on Nvidia's financial results. During its fiscal 2025 third quarter, which ended Oct. 27, Nvidia's revenue soared 94% year over year to $35 billion, while its adjusted EPS surged 103% to $0.81. Management left no doubt about what drove the results. "The age of AI is in full steam, propelling a global shift to Nvidia computing," said CEO Jensen Huang. Those results help explain why Nvidia stock is up 196% over the past year and 342% over the past three years (as of this writing). The company's unbridled success led management to initiate a 10-for-1 stock split, which was completed on June 10. Broadcom isn't the only AI stock-split stock that Wall Street is nearly unanimous about. Of the 64 analysts who have offered an opinion on Nvidia, 60 rate the stock a buy or strong buy, and none recommend selling. We don't know exactly when during the third quarter that Griffin added to his stake in Nvidia, but a quick look at the stock chart might provide some insight. In mid-June, rumors about a potential delay in the release of the company's highly anticipated Blackwell processors sent the stock tumbling, and by early August, Nvidia had shed 27% of its value. Griffin likely saw a bargain he couldn't resist. It turns out that Griffin probably didn't know something that Wall Street doesn't. He simply saw a compelling opportunity, and he took it. Should retail investors follow his lead now? Nvidia stock currently trades for 69 times earnings, but that P/E metric doesn't take into account the company's above-average growth. Wall Street is predicting Nvidia will generate EPS of $4.36 in its fiscal 2026, which will begin in late January. That gives it a valuation of about 34 times forward earnings. While that's certainly still a premium price, Nvidia is guiding for year-over-year revenue growth of 70% in the current quarter, with a commensurate uptick in profits, and Wall Street is predicting sales growth of 49% next year. Given the company's critical place in the AI revolution and its robust prospects, I am completely convinced that Nvidia stock is still a buy .
'I'm a human and I make mistakes', says Harris after Cork carer interaction
Uniqlo to boost sourcing from India for global marketsWhere Will Saputo Stock Be in 1/3/5 years?
ISLAMABAD (AP) — Pakistani police arrested thousands of Imran Khan supporters ahead of a rally in the capital to demand the ex-premier’s release from prison, a security officer said Sunday. Khan has been behind bars for more than a year and has over 150 criminal cases against him. But he remains popular and his political party, Pakistan Tehreek-e-Insaf or PTI, says the cases are politically motivated. Shahid Nawaz, a security officer in eastern Punjab province, said police have arrested more than 4,000 Khan supporters. They include five parliamentarians. Pakistan has sealed off Islamabad with shipping containers and shut down major roads and highways connecting the city with PTI strongholds in Punjab and northwestern Khyber Pakhtunkhwa provinces. Tit-for-tat teargas shelling between the police and the PTI was reported on the highway bordering Punjab and Khyber Pakhtunkhwa. Earlier on Sunday, Pakistan suspended mobile and internet services “in areas with security concerns.” The government and Interior Ministry posted the announcement on the social media platform X, which is banned in Pakistan. They did not specify the areas, nor did they say how long the suspension would be in place. “Internet and mobile services will continue to operate as usual in the rest of the country,” the posts said. Meanwhile, telecom company Nayatel sent out emails offering customers “a reliable landline service” as a workaround in the areas suffering suspended cellphone service. Khan's supporters rely heavily on social media to demand his release and use messaging platforms like WhatsApp to share information, including details of events. PTI spokesperson Sheikh Waqas Akram said Khan's wife Bushra Bibi was traveling to Islamabad in a convoy led by the chief minister of Khyber Pakhtunkhwa, Ali Amin Gandapur. “She cannot leave the party workers on their own,” said Akram. There was a festive mood in Peshawar, with PTI members dancing, drumming and holding up pictures of Khan as cars set off for Islamabad. The government is imposing social media platform bans and targeting VPN services , according to internet advocacy group Netblocks. On Sunday, the group said live metrics showed problems with WhatsApp that were affecting media sharing on the app. The U.S. Embassy issued a security alert for Americans in the capital, encouraging them to avoid large gatherings and warning that even “peaceful gatherings can turn violent.” Last month, authorities suspended the cellphone service in Islamabad and Rawalpindi to thwart a pro-Khan rally. The shutdown disrupted communications and affected everyday services such as banking, ride-hailing and food delivery. The latest crackdown comes on the eve of a visit by Belarusian President Alexander Lukashenko . Interior Minister Mohsin Naqvi said authorities have sealed off Islamabad's Red Zone, which houses key government buildings and is the destination for Khan's supporters. “Anyone reaching it will be arrested,” Naqvi told a press conference. He said the security measures were in place to protect residents and property, blaming the PTI for inconveniencing people and businesses. He added that protesters were planning to take the same route as the Belarusian delegation, but that the government had headed off this scenario. Naqvi denied cellphone services were suspended and said only mobile data was affected. Associated Press writers Riaz Khan in Peshawar and Asim Tanveer in Multan contributed to this report.
AP Trending SummaryBrief at 4:58 p.m. EST
UnitedHealthcare CEO Brian Thompson was one of several senior executives at the company under investigation by the Department of Justice when he was gunned down outside a Manhattan hotel on Wednesday. Thompson — who was killed in what police called a targeted shooting outside the Hilton hotel in Midtown — exercised stock options and sold shares worth $15.1 million on Feb. 16, less than two weeks before news of the federal antitrust probe went public, according to a Crain’s New York Business report from April. The stock price dropped sharply after the revelation that the DOJ was investigating whether the company had made acquisitions that consolidated its market position in violation of antitrust laws, a source familiar with the probe told the outlet. Thompson’s stock options reportedly had several years until expiration, and the sale of shares was his first since assuming the helm of parent company UnitedHealth’s insurance division in 2021. Thompson, 50, along with UnitedHealth Group chairman Stephen Helmsley, chief people officer Erin McSweeney and chief accounting officer Tom Roos, sold a combined $101.5 million in shares, with Helmsley personally netting just shy of $85 million, according to the report. Charles Elson, founding director of the Weinberg Center for Corporate Governance at the University of Delaware, told Crain’s that share sales by firm principals are typically scrutinized by a company’s general counsel, who can determine whether any additional disclosures to the market may be required before the trades are executed. Earlier this year, UnitedHealth was hit by one of the largest health care data breaches in US history, the company estimating that as many as one-third of Americans’ private data — potentially including Social Security numbers — were compromised in the ransomware attack. The company wound up paying the hackers a $22 million ransom, CEO Andrew Witty told a congressional panel in May. The massive firm — with annual revenue of around $372 billion — later said it estimated its financial cost as a result of the hack to be around $705 million, Reuters reported. Originally published as UnitedHealthcare CEO Brian Thompson was facing DOJ probe for insider trading when he was killed in targeted NYC shooting
Deep concerns raised by Surrey board directors about Metro Vancouver paint a troubling portrait of an organization that lacks expertise, fails to consult, and forces the region’s officials to make multibillion-dollar decisions affecting taxpayers without adequate information. The criticism, in the form of a sharply worded letter Nov. 12 to Metro’s finance committee and obtained by Glacier Media, is the most extensive and prominent challenge yet from board directors for change at the regional federation of 21 municipalities, one electoral area and one treaty First Nation. It calls for an overhaul of the 2025 budgeting methods, arguing that inaccurate and insufficient information has been provided to directors, including an exhaustive review of decisions on development cost charges (DCCs), and a repeal of various bylaws. More broadly it calls for changes in how the body is governed. It identifies as specific pain points two Metro Vancouver projects, the North Shore Wastewater Treatment Plant in North Vancouver and the looming Iona Island Wastewater Treatment Plant in Richmond, and disparages how they are among the seven top projects reporting directly into Chief Administrative Officer Jerry Dobrovolny “with no independent third-party engineering and financial auditor to provide transparency, accountability and evaluate cost-benefit design-based principles/assumptions.” The projects lack detailed and audited information on how costs are calculated, says the letter. In the case of the North Shore plant, the budget has soared seven-fold to $3.86 billion from an original $550-million contract with little public information along the way. Already the budget for the Iona plant in Richmond has risen to $14 billion from the $9.9 billion mark two years ago, and construction remains years away. The letter was submitted moments before the committee’s most recent Nov. 13 meeting by Surrey Coun. Pardeep Kooner on behalf of five other Surrey directors, including Surrey Mayor Brenda Locke. Surrey’s six directors are second-most to Vancouver’s seven on the 41-director board. The letter’s general contents were briefly discussed but the letter itself was not part of the meeting package. It wasn’t formally dealt with at the committee meeting and has been referred to Metro Vancouver staff for a response early in 2025. But its language argues nothing short of significant shifts in its operating culture and quality of competence are necessary. “I believe there must be additional board oversight and decisions made on the costing of these Major Capital projects at a minimum,” Kooner wrote. The letter reflects the frustration many directors have expressed of a staff-dominated operation that leaves them without the necessary decision-making information – but with the accountability as elected officials to taxpayers in their districts. There have been calls for a third-party audit to examine what Kooner and others have complained is a chronic sprawl of budgets and a culture of indifference about them. While a performance audit will be conducted in-house on the North Shore plant costs, it hasn’t satisfied those who feel it is insufficiently independent. The provincial government, which created Metro Vancouver as a corporate entity, has so far declined publicly to involve itself, whether to launch a fuller-fledged inquiry into costs, provide additional funds to defray significant property tax levies for the North Shore plant, or to take back the responsibilities of the operation, which at the moment is overseeing some 300 infrastructural projects. The three-page letter goes on: “The way the current board is operating has many gaps in information, lacks sufficient details to make the decisions we need to and the full financial impacts or options are not being provided. “For instance, the board is often asked to approve or endorse a very broad strategy that has a suite of staff-led sub-action items and staff-driven priorities. There is often little or no discussion on the broad strategy let alone no consultation is provided on the sub-action items. “This results in a lack of crystal-clear strategies and policies which enables staff to make their own interpretations and significant decisions without Board consideration. I have found that staff has been using the strategic plan to pick and choose areas of focus with no clear direct board resolution which is affecting the information we are provided. I believe that the current governance model is not sufficient to ensure the Board is fully prepared and knowledgeable.” The letter outlines the need to defer the 2025 budget planning to deal with six issues, including what Kooner terms “a huge concern” about DCCs, how they are apportioned to communities, and the quality of the population and dwelling forecasts. “I have been told that there are many factors that are considered; however, these other factors have not been provided.” As it is, the budget information and methodology “is not accurate/insufficient and does not portray the true impact on the decisions that have been brought to the Board.” Kirk LaPointe is a Glacier Media columnist with an extensive background in journalism
Today, the art of investment is not any more intimidating pursuit in the hands of Wall Street wizards alone; it’s an adventure for almost anyone willing to explore. Imagine building a portfolio that not only reflects your financial aspirations but also resonates with your values-this is finding your financial fit. With all the new, innovative tools and cutting-edge technology at your fingertips – from stock screeners filtering investments based on your unique criteria to those focused on sustainability, technology, or social impact-now is probably the most seamless journey in the investment landscape ever. So, let’s examine how you can step up your investment game, get your money working for you, and always stay true to who you are. How To Align Your Investments With Right Tools? In an age where technology is reshaping how we manage our finances, finding your financial fit has never been more exciting or accessible. You can create your investment portfolio based on your personal values and areas of tolerance, along with your other financial goals. Whether you are seasoned or just starting out, innovative tools and approaches can help take your investment game to a whole new level, such as using the power of a stock screener. 1. Into the Digital Revolution Thanks to technology, the financial world has entirely changed. The days of studying everything in books and doing manual searches for investments are behind us. There are so many digital tools that make this process easy enough for anyone to get a foot into the stock market. The most significant development is probably the emergence of robo-advisors. These automated platforms evaluate your situation and goals, then create and manage an optimized diversified portfolio customized for you. They will invest on your behalf with little effort on your part, thus ideal for those who have always wanted to set up a passive strategy. In addition, many robo-advisors include socially responsible investing. 2. Filter Stocks With Stock Screeners Stock screens are among the most important tools for any investor. This is an efficient tool that filters stocks on specific criteria, thus making a selection easier or finding an investment running in line with your strategy. It lets you set parameters based on market capitalization, dividend yield, price-to-earnings ratio, and even ESG scores. That helps you concentrate on stocks that align with your financial goals and ethical considerations. For example, if you are interested in sustainability, you can screen for companies with high ESG ratings. Therefore, you can invest in businesses that may give financial returns but simultaneously help society. 3. Emerging Investment Strategies While investing, consider new strategies that reflect the current trends people in the market find popular. Here are a few of them for you to consider: 1. Thematic Investing: This investing style focuses on sectors or trends and not specifically on particular sectors. It could be companies associated with telehealth, renewable energy, or cybersecurity, for instance. Doing this helps you invest in areas with substantial growth and align your portfolio with the current trend of interest. 2. Impact Investing: Impact investing tends to share a striking similarity with SRI: it combines financial returns with measurable social or environmental benefits. It is an attractive strategy for individuals who want their investments to support causes that matter to them, whether that is education, health, climate action, or something else. 3. Fractional Shares: Because of fractional share investing, you do not necessarily have to save much money to buy expensive stocks. You can diversify your portfolio even if you do not have a huge savings account because you will acquire fractions of shares from those gigantic companies. So it will not be challenging to spread your investments in different sectors. 4. Leverage Data and Analytics Data-driven decision-making has also become an essential part of investing today. Most platforms provide analytics tools, which provide insights into market trends and stock performance. One can access real-time data, historical performance metrics, and even sentiment analysis, which drives decisions accordingly. You can, therefore, use these tools to make informed decisions that may eradicate possible risks. You can perfectly analyze your data and show all the chances you would otherwise not recognize. 5. Building a Community Another amazing feature of modern investing is the ability to build a sense of community through technology. One can easily connect with fellow investors, gain insights, and learn on forums, social media groups, or even through investment applications. Connecting with like-minded people may also provide support, accountability, and inspiration when navigating your financial journey. Discussions about stock picks, investment strategies, and market trends abound on platforms like Reddit and Twitter, and specific online forums are dedicated to investing. Joining these communities can increase your knowledge and confidence, turning you into a more well-informed investor. Finding the perfect financial fit requires being current about various financial news and trends. Subscription to financial news websites, investment newsletters, and market analysis blogs provides precious insight into the financial landscape, keeping one on top. Participation in webinars and virtual investment conferences also helps deepen your understanding of various investment strategies and tools. As you embark on this journey, remember to be patient and flexible. The investment landscape continues to evolve, so you will continue learning and maturing throughout your journey. It is possible to develop a portfolio that not only aims for financial success but also corresponds with your values and your belief in using the right tools and staying informed. Happy investing!None
AP Trending SummaryBrief at 4:58 p.m. EST
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