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NEW YORK, Nov. 26, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Xiao-I Corporation AIXI . Shareholders who purchased shares of AIXI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/xiao-i-corporation-loss-submission-form/?id=113433&from=3 CLASS PERIOD: March 9, 2023 to July 12, 2024 ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) defendants had downplayed the true scope and severity of risks that Xiao-I faced due to certain of its Chinese shareholders' non-compliance with foreign investment enterprises established by way of round-tripping, including the Company's inability to use offering proceeds for intended business purposes; (ii) Xiao-I had failed to comply with Generally Accepted Accounting Principles in preparing its financial statements; (iii) defendants had overstated Xiao-I's efforts to remediate material weaknesses in the Company's financial controls; (iv) Xiao-I was forced to incur significant R&D expenses to effectively compete in the AI industry; (v) Xiao-I had downplayed the significant negative impact that such expenses would have on the Company's business and financial results; (vi) accordingly, Xiao-I overstated its AI capabilities, R&D resources, and overall ability to compete in the AI market; (vii) as a result of all the foregoing, there was a substantial likelihood that Xiao-I would fail to comply with the NASDAQ's Minimum Bid Price Requirement; and (viii) as a result, the offering documents and defendants' public statements throughout the class period were materially false and/or misleading and failed to state information required to be stated therein. DEADLINE: December 16, 2024 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/xiao-i-corporation-loss-submission-form/?id=113433&from=3 NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of AIXI during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is December 16, 2024. There is no cost or obligation to you to participate in this case. WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT: The Gross Law Firm 15 West 38th Street, 12th floor New York, NY, 10018 Email: dg@securitiesclasslaw.com Phone: (646) 453-8903 © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
ISSAQUAH, Wash., Dec. 04, 2024 (GLOBE NEWSWIRE) -- Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today reported net sales of $21.87 billion for the retail month of November, the four weeks ended December 1, 2024, an increase of 5.6 percent from $20.71 billion last year. For the twelve-week first quarter ended November 24, 2024, the Company reported net sales of $60.99 billion, an increase of 7.5 percent from $56.72 billion last year. Net sales for the first thirteen weeks were $66.52 billion, an increase of 7.2 percent from $62.04 billion last year. Comparable sales were as follows: Comparable sales excluding the impacts from changes in gasoline prices and foreign exchange were as follows: E-commerce sales in November were negatively impacted by an estimated 15 percentage points, due to Thanksgiving / Black Friday / Cyber Monday occurring a week later this year versus last year. Total and comparable sales were negatively impacted by approximately one and one-half percent as a result of the shift in E-commerce sales. Additional discussion of these results is available in a pre-recorded message. It can be accessed by visiting investor.costco.com (click on “Events & Presentations”). This message will be available through 4:00 p.m. (PT) on Wednesday, December 11, 2024. Costco currently operates 897 warehouses, including 617 in the United States and Puerto Rico, 109 in Canada, 41 in Mexico, 36 in Japan, 29 in the United Kingdom, 19 in Korea, 15 in Australia, 14 in Taiwan, seven in China, five in Spain, two in France, and one each in Iceland, New Zealand and Sweden. Costco also operates e-commerce sites in the U.S., Canada, the U.K., Mexico, Korea, Taiwan, Japan and Australia. Certain statements contained in this document and the pre-recorded message constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. For these purposes, forward-looking statements are statements that address activities, events, conditions or developments that the Company expects or anticipates may occur in the future. In some cases forward-looking statements can be identified because they contain words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “likely,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will,” “would,” or similar expressions and the negatives of those terms. Such forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements. These risks and uncertainties include, but are not limited to, domestic and international economic conditions, including exchange rates, inflation or deflation, the effects of competition and regulation, uncertainties in the financial markets, consumer and small business spending patterns and debt levels, breaches of security or privacy of member or business information, conditions affecting the acquisition, development, ownership or use of real estate, capital spending, actions of vendors, rising costs associated with employees (generally including health-care costs and wages), workforce interruptions, energy and certain commodities, geopolitical conditions (including tariffs), the ability to maintain effective internal control over financial reporting, regulatory and other impacts related to environmental and social matters, public-health related factors, and other risks identified from time to time in the Company’s public statements and reports filed with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made, and the Company does not undertake to update these statements, except as required by law. Comparable sales and comparable sales excluding impacts from changes in gasoline prices and foreign exchange are intended as supplemental information and are not a substitute for net sales presented in accordance with U.S. GAAP. COST-Sales
DETROIT (AP) — Electric vehicles had another whirlwind year around the globe, driven by buyers in China, and growth in parts of Europe and the United States, despite headwinds. In a milestone for China, the world’s biggest auto market, EVs hit 50% of new car sales in July. That included pure battery EVs plus plug-in hybrid electric vehicles. Chinese companies such as BYD continue to gain traction worldwide with their inexpensive EVs. Electric vehicles also made and the U.S. Uncertainty around purchase subsidies could complicate matters come 2025, especially under the incoming Trump administration in the U.S. But mainstream consumers remain interested in new models, longer driving ranges, better performance and lower prices. The transition to electric vehicles is an important part of the shift to clean energy. Road transport accounts for of all global emissions from energy, according to the International Energy Agency. Widespread EV adoption could significantly address climate change. Here are five facts about EVs this year. Most of the data comes from consultancy Rho Motion. The global EV market, including pure EVs and plug-in hybrids, grew by 25% year-over-year as of November. Rho Motion estimates 15.2 million EVs had been sold worldwide ahead of the end of the year, and the International Energy Agency expected electrified vehicle sales to reach one in five cars sold globally. Most were in China. Mexico sold roughly 5 times as many EVs this year than last, mostly from Chinese powerhouse automaker BYD, according to Rho Motion. Related Articles Because China’s population is so much larger, its 40% growth year-to-date translates to many more EVs than Mexico’s fivefold increase. Other areas of note are the United Kingdom, which saw a roughly 17% increase year-to-date. That’s interesting to compare to France and Germany, which saw sales decline. In Turkey, the EV market grew by almost 50% year-to-date, driven by Tesla entering the market last year and Togg, a Turkish auto company, ramping up its sales. In Norway, which for years has been in first place for share of vehicles that are electric, 90% of new cars were EVs. The best-selling pure electric vehicles were the Tesla Model Y, followed by the Tesla Model 3 — both globally and in the U.S., according to Rho Motion. The Model Y SUV was released in 2020. Its base version today costs nearly $45,000. The Model 3 was released in 2017. The least expensive version sells for around $42,000. Both have been eligible for a $7,500 tax credit in the U.S. Tesla’s market share stood at 17% of all electric cars across the globe through October, according to Rho Motion. In the U.S., Tesla’s market share was 49% through October. That means the company still has the biggest EV market share. But its hold is shrinking as other auto companies combined sell a growing number of electrics. For example, GM, Ford, Honda and more are offering a wider variety of EVs at lower prices and sizes and are chipping away at Tesla’s longstanding lead. Tesla remains the most valuable auto company in the world, with a market value of $1.4 trillion.Sports on TV for Monday, Nov. 25
Sprout Social CEO Ryan Barretto sells shares worth $423,474
TikTok is inching closer to a potential ban in the US. So what's next?LOS ANGELES , Nov. 26, 2024 /PRNewswire/ -- Appotronics, the inventor of the ALPD® laser display technology, recently participated in the Laser Illuminated Projector Association (LIPA) Annual General Meeting held in Los Angeles , United States . During the event, the company showcased its optics solutions designed for both the interior and exterior of vehicles, emphasizing their versatility in functions such as illumination, entertainment, and V2X (Vehicle to Everything) communication. Meng Han , senior director of Appotronics, addressed the attendees, which included laser illumination and display technology experts, market analysts, and trend observers. He emphasized that the automotive industry is undergoing a transformation from internal combustion engines to autonomous electric vehicles, creating ample opportunities for laser projectors. This shift typically results in more internal space for entertainment features, such as in-car theaters and laser display-enabled human-vehicle communication both inside and outside the vehicle. "We have done the study, finding many people like it, " said Han, citing the example of Appotronics' rollable giant laser display screen, which is equipped on the Seres AITO M9, a top-selling SUV priced above RMB 500,000 in China . The SUV has received over 170,000 orders since its debut late last year, indicating a strong market demand for such innovative features. Han further pointed out that more laser display technology will be applied within the cabin as a supplement to the current LCD panels, transforming the cabin into an immersive and comfortable third living space. "As for the long future, the future isn't more screens—or even screens at all." Han cited Alfonso Albaisa , Design Chief of Nissan, emphasizing that laser display offers numerous advantages, such as easy modeling, free-form surfaces, design flexibility, safety, and sustainability and can be utilized for projections inside the cabin, on the sunroof, side windows, or even on the windshield. Afterwards, Xin Yu , vice president of Appotronics, introduced the company's intelligent digital colorful laser headlight as an example of immersive exterior display . This innovative light is equipped on the newly-released Smart #5 vehicle, enabling car users to enjoy movies while camping. Yu announced that the product is currently available in China and will soon be launched in Europe and Australia . Yu also demonstrated the company's All-in-One laser headlamp, which fulfills multiple functions, including intelligent signaling displays (ISD), adaptive driving beam (ADB) systems, V2X communications, and entertainment. He revealed that the multi-functional headlamp will soon enter mass production and will be showcased at CES 2025, which is scheduled to be held in Las Vegas between January 7 and January 10 . Other automotive optics solutions from Appotronics will also be displayed at the event. "So hopefully in the future, we have more friends together in this industry to make more interesting applications and build up more markets for laser innovation." Yu concluded, adding that he expects more "concepts" of laser technology to turn into "reality" in the automotive sector, just as laser technology has revolutionized the cinema industry. In addition to Appotronics' updates, representatives from Texas Instruments, Epson, Panasonic, Seibersdorf Labs, OMDIA, PMA Research, Nordisk Cinema, Nichia America Corporation, Barco, Oxford University , LUMAfestival.com , and RSL Fiber Systems also shared insights on current laser-related regulations, technological advancements, and future trends at the annual meeting. View original content: https://www.prnewswire.com/news-releases/appotronics-highlights-role-of-laser-technology-in-automotive-industry-at-prestigious-us-trade-conference-302315609.html SOURCE Appotronics Corporation Ltd.DETROIT (AP) — Electric vehicles had another whirlwind year around the globe, driven by buyers in China, and growth in parts of Europe and the United States, despite headwinds. In a milestone for China, the world’s biggest auto market, EVs hit 50% of new car sales in July. That included pure battery EVs plus plug-in hybrid electric vehicles. Chinese companies such as BYD continue to gain traction worldwide with their inexpensive EVs. Electric vehicles also made and the U.S. Uncertainty around purchase subsidies could complicate matters come 2025, especially under the incoming Trump administration in the U.S. But mainstream consumers remain interested in new models, longer driving ranges, better performance and lower prices. The transition to electric vehicles is an important part of the shift to clean energy. Road transport accounts for of all global emissions from energy, according to the International Energy Agency. Widespread EV adoption could significantly address climate change. Here are five facts about EVs this year. Most of the data comes from consultancy Rho Motion. The global EV market, including pure EVs and plug-in hybrids, grew by 25% year-over-year as of November. Rho Motion estimates 15.2 million EVs had been sold worldwide ahead of the end of the year, and the International Energy Agency expected electrified vehicle sales to reach one in five cars sold globally. Most were in China. Mexico sold roughly 5 times as many EVs this year than last, mostly from Chinese powerhouse automaker BYD, according to Rho Motion. Related Articles Because China’s population is so much larger, its 40% growth year-to-date translates to many more EVs than Mexico’s fivefold increase. Other areas of note are the United Kingdom, which saw a roughly 17% increase year-to-date. That’s interesting to compare to France and Germany, which saw sales decline. In Turkey, the EV market grew by almost 50% year-to-date, driven by Tesla entering the market last year and Togg, a Turkish auto company, ramping up its sales. In Norway, which for years has been in first place for share of vehicles that are electric, 90% of new cars were EVs. The best-selling pure electric vehicles were the Tesla Model Y, followed by the Tesla Model 3 — both globally and in the U.S., according to Rho Motion. The Model Y SUV was released in 2020. Its base version today costs nearly $45,000. The Model 3 was released in 2017. The least expensive version sells for around $42,000. Both have been eligible for a $7,500 tax credit in the U.S. Tesla’s market share stood at 17% of all electric cars across the globe through October, according to Rho Motion. In the U.S., Tesla’s market share was 49% through October. That means the company still has the biggest EV market share. But its hold is shrinking as other auto companies combined sell a growing number of electrics. For example, GM, Ford, Honda and more are offering a wider variety of EVs at lower prices and sizes and are chipping away at Tesla’s longstanding lead. Tesla remains the most valuable auto company in the world, with a market value of $1.4 trillion.
Frustrations are reaching a boiling point for the New York Giants after another lopsided loss and standout rookie wide receiver Malik Nabers has made it clear he’s had enough. The Giants were not competitive against the Tampa Bay Buccaneers, falling 30-7 on Sunday. After the game, Nabers was asked to describe the loss and he didn't hold back with his response. "Soft as (expletive)," Nabers said . Other Giants players were also vocal after the game about the team's lack of effort during the loss. Dexter Lawrence called the defensive play "soft," and Brian Burns also voiced his displeasure . However, Nabers delivered the most testy postgame interview, voicing his frustration with everything from the quarterback situation to his lack of targets. “Go out there first, second quarter, don’t get the ball, start getting targets at the end. I mean, I can’t do nothing. Start getting the ball when it’s 30-0. What you want me to do?" Nabers said. "I don’t know. Talk to (Brian Daboll) about that. Talk to Dabs.” © Vincent Carchietta-Imagn Images Nabers finished the game against the Buccaneers with six catches for 64 yards. He entered the game with 61 catches for 607 yards and three touchdowns. Nabers has not gone over 100 yards receiving since a late-September game against the Dallas Cowboys. The Giants selected Nabers with the No. 6 overall pick in this year's NFL Draft. The vocalization of his unhappiness is not good news for head coach Brian Daboll, who is firmly in the hot seat . He is 17-27-1 over his three seasons in New York. Related: Malik Nabers Puts Giants on Notice for Daniel Jones Decision After LossCOP29: Countries agree on $300 billion annual climate finance to help poor nations
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