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Mobileye Global Inc. ( NASDAQ:MBLY – Get Free Report )’s stock price shot up 2.1% on Friday . The company traded as high as $19.89 and last traded at $19.88. 2,977,792 shares traded hands during trading, a decline of 43% from the average session volume of 5,209,533 shares. The stock had previously closed at $19.47. Wall Street Analysts Forecast Growth Several research analysts recently commented on MBLY shares. BNP Paribas downgraded shares of Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 target price on the stock. in a research note on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $15.00 price objective on shares of Mobileye Global in a research report on Tuesday, September 10th. Robert W. Baird increased their target price on shares of Mobileye Global from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $10.00 target price (down from $16.00) on shares of Mobileye Global in a research note on Monday, October 7th. Finally, UBS Group lowered Mobileye Global from a “buy” rating to a “neutral” rating and lowered their price target for the company from $20.00 to $14.00 in a research report on Friday, October 4th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $23.38. View Our Latest Stock Analysis on Mobileye Global Mobileye Global Price Performance Institutional Trading of Mobileye Global Hedge funds have recently made changes to their positions in the stock. BCGM Wealth Management LLC raised its stake in Mobileye Global by 178.0% during the third quarter. BCGM Wealth Management LLC now owns 190,595 shares of the company’s stock valued at $2,611,000 after buying an additional 122,031 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Mobileye Global by 168.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,526,234 shares of the company’s stock valued at $20,909,000 after acquiring an additional 957,565 shares in the last quarter. AXA S.A. raised its position in shares of Mobileye Global by 35.6% in the 2nd quarter. AXA S.A. now owns 518,076 shares of the company’s stock worth $14,550,000 after purchasing an additional 135,967 shares during the last quarter. PFG Investments LLC bought a new position in Mobileye Global in the 3rd quarter worth about $635,000. Finally, Select Equity Group L.P. grew its position in Mobileye Global by 74.6% during the 2nd quarter. Select Equity Group L.P. now owns 237,137 shares of the company’s stock valued at $6,660,000 after purchasing an additional 101,350 shares during the last quarter. 13.25% of the stock is owned by institutional investors. Mobileye Global Company Profile ( Get Free Report ) Mobileye Global Inc develops and deploys advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company operates through Mobileye and Other segments. It offers Driver Assist comprising ADAS and autonomous vehicle solutions that covers safety features, such as real-time detection of road users, geometry, semantics, and markings to provide safety alerts and emergency interventions; Cloud-Enhanced Driver Assist, a solution for drivers with interpretations of a scene in real-time; Mobileye SuperVision Lite, a navigation and assisted driving solution; and Mobileye SuperVision, an operational point-to-point assisted driving navigation solution on various road types and includes cloud-based enhancements, such as road experience management. Recommended Stories Receive News & Ratings for Mobileye Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mobileye Global and related companies with MarketBeat.com's FREE daily email newsletter .Don't Miss These Incredible AiRROBO Black Friday Deals - Unbeatable Prices Await!Joe Biden led US presidents and other world leaders in paying tribute Sunday to Jimmy Carter who died aged 100. "Today, America and the world lost an extraordinary leader, statesman and humanitarian," President Biden said in a statement released by the White House. "He saved, lifted and changed the lives of people all across the globe." To President-elect Donald Trump, Americans owe Carter "a debt of gratitude." "The challenges Jimmy faced as President came at a pivotal time for our country and he did everything in his power to improve the lives of all Americans," he said on social media. Former president Bill Clinton, a Southern Democrat like Carter, said his predecessor had "worked tirelessly for a better, fairer world." He added, in a joint statement with his wife and former secretary of state Hillary Clinton, that Carter "lived to serve others -- until the very end." To former president George W. Bush, Carter "dignified the office. And his efforts to leave behind a better world didn't end with the presidency." And for former president Barack Obama, Carter "taught all of us what it means to live a life of grace, dignity, justice, and service." Among other US politicians sharing their condolences, Senate Majority Leader Chuck Schumer said Carter "taught us that the strength of a leader lies not in rhetoric but in action, not in personal gain but in service to others." Carter "was early to recognize that protecting our shared planet and promoting global public health were vital to national security interests," Secretary of State Antony Blinken said. In one of the first reactions from abroad, French President Emmanuel Macron said Carter had "been a steadfast advocate for the rights of the most vulnerable and has tirelessly fought for peace. "France sends its heartfelt thoughts to his family and to the American people," he said. World Health Organization chief Tedros Adhanom Ghebreyesus noted Carter's post-presidency work with the nonprofit Carter Center "saved countless lives and helped bring many neglected tropical diseases close to elimination." Brazil's Luiz Inacio Lula da Silva hailed Carter as "a lover of democracy and defender of peace," noting his pressuring of Brazil's dictatorship to release political prisoners. "He criticized unilateral military action by superpowers and the use of killer drones," Lula said. "He worked with Brazil to mediate conflicts in Venezuela and to help Haiti." "He will be remembered forever as a name that defends the idea that peace is the most important condition for development."
As we say goodbye to 2024 and welcome in 2025, it’s a good time to catch up on the very best of some of the Herald columnists we enjoyed reading over the last 12 months. From politics to business, these are some of the voices and views our audience loved the most. Today it’s five of the top columns from Richard Prebble. Luxon has the worst honeymoon of any elected PM - March 27, 2024 Christopher Luxon says that he is “not too hung up on polls”. He should take notice of the Talbot Mills poll. No elected Prime Minister has ever had a worse honeymoon. In the preferred Prime Minister ratings, Christopher Luxon is at just 24 per cent.Major stock indexes on Wall Street drifted to a mixed finish Friday, capping a rare bumpy week for the market. The S&P 500 ended essentially flat, down less than 0.1%, after wavering between tiny gains and losses most of the day. The benchmark index posted a loss for the week, its first after three straight weekly gains. The Dow Jones Industrial Average slipped 0.2%, while the Nasdaq composite rose 0.1%, ending just below the record high it set on Wednesday. There were more than twice as many decliners than gainers on the New York Stock Exchange. Gains in technology stocks helped temper losses in communication services, financials and other sectors of the market. Broadcom surged 24.4% for the biggest gain in the S&P 500 after the semiconductor company beat Wall Street’s profit targets and gave a glowing forecast, highlighting its artificial intelligence products. The company also raised its dividend. The company's big gain helped cushion the market's broader fall. Pricey stock values for technology companies like Broadcom give the sector more weight in pushing the market higher or lower. Artificial intelligence technology has been a focal point for the technology sector and the overall stock market over the last year. Tech companies, and Wall Street, expect demand for AI to continue driving growth for semiconductor and other technology companies. Some tech stocks were a drag on the market. Nvidia fell 2.2%, Meta Platforms dropped 1.7% and Google parent Alphabet slid 1.1%. Among the market's other decliners were Airbnb, which fell 4.7% for the biggest loss in the S&P 500, and Charles Schwab, which closed 4% lower. Furniture and housewares company RH, formerly known as Restoration Hardware, surged 17% after raising its forecast for revenue growth for the year. All told, the S&P 500 lost 0.16 points to close at 6,051.09. The Dow dropped 86.06 points to 43,828.06. The Nasdaq rose 23.88 points to 19,926.72. Wall Street's rally stalled this week amid mixed economic reports and ahead of the Federal Reserve's last meeting of the year. The central bank will meet next week and is widely expected to cut interest rates for a third time since September. Expectations of a series of rate cuts has driven the S&P 500 to 57 all-time highs so far this year . The Fed has been lowering its benchmark interest rate following an aggressive rate hiking policy that was meant to tame inflation. It raised rates from near-zero in early 2022 to a two-decade high by the middle of 2023. Inflation eased under pressure from higher interest rates, nearly to the central bank's 2% target. The economy, including consumer spending and employment, held strong despite the squeeze from inflation and high borrowing costs. A slowing job market, though, has helped push a long-awaited reversal of the Fed's policy. Inflation rates have been warming up slightly over the last few months. A report on consumer prices this week showed an increase to 2.7% in November from 2.6% in October. The Fed's preferred measure of inflation, the personal consumption expenditures index, will be released next week. Wall Street expects it to show a 2.5% rise in November, up from 2.3% in October. The economy, though, remains solid heading into 2025 as consumers continue spending and employment remains healthy, said Gregory Daco, chief economist at EY. “Still, the outlook is clouded by unusually high uncertainty surrounding regulatory, immigration, trade and tax policy,” he said. Treasury yields edged higher. The yield on the 10-year Treasury rose to 4.40% from 4.34% late Thursday. European markets slipped. Britain's FTSE 100 fell 0.1%. Britain’s economy unexpectedly shrank by 0.1% month-on-month in October, following a 0.1% decline in September, according to data from the Office for National Statistics. Asian markets closed mostly lower.
Municipalities in B.C. are automating key aspects of their workflow in order to achieve planning efficiencies and accelerate approval timelines. In a market defined by limited housing supply and low affordability, cities are embracing technology and artificial intelligence to interact seamlessly with project proponents and speed up much-needed real estate development. With a federal goal of 3.9 million new homes by 2031, and with short-staffed municipalities facing ambitious provincial housing targets, the goal is to make interactions with city hall far more productive and user-friendly. This way, more projects can come to fruition before the passage of time renders them unviable or uneconomical. As the technology becomes more sophisticated, city staff can be redeployed to perform monitoring, verification and other higher-level tasks. “Say you make an application to re-zone a property today from residential to a mixed-use commercial zoning, and we figure you need to upsize your water and your sewer,” explained Ryan Smith, divisional director of planning, development and climate sustainability with City of Kelowna. “Today, we have someone look at the pipe sizes. Someone has to compile it and put it into a memo which gets sent to the developer. We’re working on automating all of that so that the system’s smart enough to go in and check pipe sizes and know what the standard would be, what the pipe size is today, and be able to figure out, ‘Okay, well you need to upsize your water line to this, you need a new sewer line and it’s got to be this,’ and give you a list of the civil-engineering-related improvements to your property.” Digital technology is playing an important role in advancing the City of Vancouver's permitting approval processes. Tools like the Permit Requirements Exploration Tool (PRET), eComply and the 3-3-3-1 dashboard are instrumental in helping the city achieve its goals outlined in the 3-3-3-1 permit approval framework. Vancouver city council adopted the 3-3-3-1 framework at a June 13, 2023 meeting. It includes three days to approve home renovation permits, three weeks for single-family home and townhouse permits, three months for certain multi-family and mid-rise projects, and one year for high-rise or large-scale projects. While the framework will take some time to accomplish, technologies like AI are helping the city get there sooner rather than later. According to a statement provided by city staff, two of the city’s tools, eComply and the 3-3-3-1 dashboard, have used AI-assisted technology. The first, eComply, was developed in partnership with Australia-based Archistar and uses AI-assisted technology to allow applicants to upload drawings and check them against regulations. Meanwhile, the 3-3-3-1 dashboard, which provides an overview of progress toward permitting targets, was supported by AI-assisted technology in its creation. While the tool is still in development and currently available for internal use only, staff said it will eventually be made public. “We remain committed to exploring emerging technologies, including AI, to continuously improve the efficiency, transparency and accessibility of our permitting processes,” said the City of Vancouver’s statement. The City of Kelowna, considered a pioneer in its use of technology, began its journey about five years ago, when a provincially funded grant enabled the city to explore ways to search zoning rules in a more efficient and user-friendly manner. The city pitched the idea to Microsoft Corp., which helped the city implement a chatbot that gives advice on zoning and building-related feedback if members of the public are trying to apply for various types of permits, such as upgrades or infill housing. “How do I apply for a swimming pool permit?” said Smith. “It will walk you through the different things you need to know and try to answer your questions about being able to do that.” Kelowna’s next phase is behind the scenes, where the city is replacing its 30-year-old legacy software with improved tools for processing building-permit and re-zoning applications. “We also needed to get better data out of that system so that we could start making better data-driven decisions related to housing, and track progress related to the Housing Supply Act in B.C., our own housing needs assessment and our housing accelerator fund commitments,” said Smith. The new software program, Cityworks, features a chatbot that guides the making of building permit applications, with everything done online. You won’t need to come into city hall for anything or to drop anything off. The software also enables digital plan checking, and building inspectors can even manage their inspections online. “The thing about AI is, the quality of the information that the municipality feeds into the system is the quality of the information that the user can get out the other side,” said Tegan Smith, CEO of Channel Consulting. “The more that the municipality has an updated official community plan, updated zoning bylaws, updated development permit area requirements and updated infrastructure plans, the more they can leverage AI and chatbots to provide specific feedback to applicants right down to the site level.” Right now, infrastructure such as roads, water and sanitary, is assessed on a site-by-site basis. For example, if a single-family lot is being turned into a six-storey apartment building, there may be a requirement to upgrade a water main to allow for adequate fire flows. Right now, all of that is done by engineering studies specific to the project. This is one reason why infrastructure master plans are critical, she said. “If we are able to develop models that can actually be predictive about the implications on a site level, then we’ve got the key with AI to unlock its full potential.” Today, AI can be used internally by city staff to enhance their workflow and easily consult building, plumbing and electrical codes. It can be used to conduct risk-based building inspections, and can be used to communicate with members of the public during major snow events. ChatGPT can quickly review zoning bylaws and answer whether or not a certain use can be implemented. Tomorrow, AI could be used to make permit approval recommendations, predict market cycles or help optimize the use of public land for affordable housing. It could also make recommendations about how best to re-develop any property based on what’s allowed by the municipality, accompanied by immediate quotes from suitable builders and financiers. In the aggregate, these novel applications could help solve regional and national housing shortages. But AI also has gaps and limitations. For example, coordinated data is needed to ensure you’re measuring apples to apples. Also, AI cannot easily be implemented for planning and development, since there are many more possible journeys with many more variables, necessitating highly complex answers to questions. “While AI can accelerate planning processes and offer fresh insights, its outputs must be combined with other data sources and assessed by professional planners and decision-makers,” said the City of Vancouver in its statement. “Relying solely on AI, or any single source of information, can pose risks when making complex, impactful decisions.” By empowering human decision-makers, redistributing their workflow and training them to interact with and oversee bleeding-edge technologies, precious staff time can be reallocated, scarce resources redistributed and personnel retrained. AI “gets me a lot of the way there because I’m able to have a certain probability of success,” said Smith of Channel Consulting. “I’m able to say it’s probably correct, and then I can go and verify. But you have to actually have the expertise to know what to ask and what to verify. I think the critical thinking and human involvement is going to continue to be important.”Oklahoma mom 'gave her daughter to drug dealer' who took her to Mexico and two photos are all that is left By NIC WHITE FOR DAILYMAIL.COM Published: 16:29, 23 November 2024 | Updated: 16:29, 23 November 2024 e-mail 3 View comments A mother allegedly gave her toddler daughter to her drug dealer who took her back to Mexico where she vanished without a trace. Ashley Rowland, 39, was arrested in October and charged with child abandonment after police in Moore, Oklahoma , discovered the girl was missing since 2022. After weeks of searching, all police found was two photos of London Kerr as a baby, sitting in a high chair with playdough smeared on her face. The Oklahoma Department of Human Services was ordered to take custody of London last April as she hadn't been seen in years, but only found her mother. Rowland claimed the child was 'with her father in Georgia' but eventually confessed to Moore police that wasn't true. Instead, she allegedly told them she gave London to her meth dealer 'Carlos' in April 2022 while she was high on drugs. After weeks of searching, the only trace police found of London Kerr was two photos of her as a baby, sitting in a high chair with playdough smeared on her face Ashley Rowland, 39, was arrested in October and charged with child abandonment after police in Moore, Oklahoma, discovered the girl was missing since 2022 She said Carlos told her he planned to return to Mexico, and she never saw him or London again. London was two years old at the time and would be five now. Rowland said didn't know Carlos' last name and couldn't remember any distinguishing features about him. She said he could be London's father but she wasn't sure. Rowland said she didn't give Carlos any identification documents for London and police have not been able to find any of the girl's records. London allegedly told them she gave London to her meth dealer 'Carlos' in April 2022 while she was high on drugs, and he took her away to Mexico Investigators searched for her birth certificate, social security information, clothing, toys, or anything else that could help trace her, but came up empty. Moore police called in the Oklahoma State Bureau of Investigation to help with the case, and appealed to the public for information. Rowland is being held on a $3,000 bond. 'Situations like... [these] are heartbreaking and unimaginable,' the Oklahoma DHS said. Share or comment on this article: Oklahoma mom 'gave her daughter to drug dealer' who took her to Mexico and two photos are all that is left e-mail Add commentWhat Is AST SpaceMobile UP to?
PHILADELPHIA (AP) — Nick Sirianni wore the hat given to NFC East champions as he sat at the podium and considered all the greatness that his Eagles still could accomplish this season. Personal goals, sure. Saquon Barkley has Eric Dickerson's NFL rushing record in sight. Team goals, absolutely. There are playoff games and a Super Bowl to try and win — and this Philadelphia team sure plays like one that could win it all. “It’s cool, I’m not going to downplay it," Barkley said of the division crown. “At the end of the day, you’re not getting remembered for being a 2024 NFC East division champ.” Barkley rushed for 167 yards to top 2,000 on the season , backup quarterback Kenny Pickett ran and threw for scores before departing with injured ribs, and the Eagles clinched the division title by routing the Dallas Cowboys 41-7 on Sunday. Barkley has 2,005 yards and needs 101 in next week's mostly meaningless regular-season finale to top Dickerson and his 2,105 yards for the Los Angeles Rams in 1984. The Eagles (13-3) led 24-7 in the third quarter when Pickett was drilled by defensive end Micah Parsons, ending his first start in place of the concussed Jalen Hurts. Tanner McKee, a career third-stringer, entered the game and the Eagles finished the drive with a field goal. McKee later threw two TD passes, a 20-yarder to A.J. Brown and a 25-yarder to DeVonta Smith, in front of a roaring crowd delighted to watch the Eagles dominate their rivals to wrap up the division title and at least the No. 2 seed in the NFC. “We always want to do special things. I think winning the division is always a special thing, and then our goals are much bigger from here,” Sirianni said. “I think we’ve got special guys.” Hurts was injured in last week's loss at Washington and remains in the NFL's concussion protocol — he didn’t practice all week -- which opened the door for Pickett to start. Pickett, acquired from Pittsburgh in the offseason, played with extra protection under his jersey after he suffered a rib injury when he was pressed into service against the Commanders. Sore ribs or not, Pickett was pumped for this start all week. He was raised a diehard Eagles fan in central New Jersey about 80 miles from Lincoln Financial Field and recalled “great memories” of going to games with his dad and grandfather since he was 5 years old. The 26-year-old Pickett said he had plenty of family at the Linc to cheer him on against Dallas (7-9). More than 60,000 other Eagles rooted him on, too, but Pickett's dream day ended prematurely. He finished 10 of 15 for 143 yards. With the Eagles no longer having a division title to play for, it's likely Hurts will rest another week ahead of the playoffs. Now, Pickett could be sidelined as well — possibly forcing McKee into the starting lineup. Barkley had 31 carries and his last one went for 23 yards to push him over 2,000. He could also sit out rather than risk injury chasing Dickerson's record. Barkley, who left the Giants and signed a three-year deal with the Eagles for $26 million guaranteed, set the NFL mark for most yards rushing in a player's first season with a new team. The friends and family that traveled to see Pickett play had to wait a bit after Eagles safety C.J. Gardner-Johnson returned an interception 69 yards for a score on Dallas’ opening drive. Cooper Rush — who threw for 147 yards and had two interceptions — followed on the next drive for Dallas with a 4-yard TD pass to Jalen Tolbert. Pickett connected with Grant Calcaretta for 34 yards and then hit Smith — who had six catches total for 120 yards — for a 22-yard score and a 14-7 lead. The Eagles' defense broke the game open when a recovered fumble led to Jake Elliott’s 31-yard field goal and Gardner-Johnson’s second pick of the day set up Pickett's rushing score on a tush push. Just like Hurts. Pickett took two tough shots on the same drive on the third: Osa Odighizuwa was flagged for roughing the passer on a late hit and Parsons delivered the knockout blow. The Eagles were thrilled to have a capable backup QB who went 14-10 as a starter with the Steelers. His performance prompted Pittsburgh legend and Fox broadcaster Terry Bradshaw to say the Steelers never should have gotten rid of him. “All I wanted to accomplish today was to get the win, for the team, for the city,” Pickett said. The injury-depleted Cowboys had won four of five but were no match for Philadelphia. “We knew it was going to be a different game with the plan this week,” Cowboys coach Mike McCarthy said. “To be honest with you, we didn’t really get to some of the things we’d hope to get to.” The teams scuffled late in the game, and Eagles defensive back Sydney Brown was ejected after an altercation in a stadium tunnel. Cowboys wide receiver Jalen Brooks and cornerback Troy Pride were also thrown out. Cowboys: S Donovan Wilson suffered a knee injury. ... All-Pro WR CeeDee Lamb was shut down for the final two weeks with a sprained right shoulder. Eagles: DE Bryce Huff briefly left with a shoulder injury sustained in his first game back since he was activated off the injured list. He had wrist surgery. The Cowboys host Washington next week in their final game of the season. The Eagles tune up for the playoffs with a home game against the Giants. AP NFL: https://apnews.com/hub/NFL
A pair of teams with minimal rest will face off in Nassau, Bahamas, on Sunday when No. 22 St. John takes on Georgia. St. John's (5-1), which will play its third game in four days, began the stretch in the Bahamas Championship on Thursday, dropping a heartbreaker to No. 13 Baylor. The Red Storm led by 18 in the first half before Baylor forced overtime. From there, St. John's rallied from five down with 1:47 left to send the game to a second overtime, where it saw Baylor knock down a pair of 3-pointers in the final seven seconds -- including Jeremy Roach's buzzer-beater -- to knock off the Red Storm 99-98. In the third-place game on Friday, St. John's breezed past Virginia 80-55. RJ Luis Jr. led the way with 18 points and four steals, followed by Kadary Richmond's 12 points, as the Red Storm took a one-point lead with 15:21 left in the first half and didn't trail again. "I'm really impressed with our guys, coming off a double-overtime, extremely emotional loss," St. John's head coach Rick Pitino said. "To respond that way was extremely impressive, both offensively and defensively." Pitino, in his second year with the Red Storm, was moved by something off the court on Friday, involving captain Zuby Ejiofor, who chipped in eight points, nine boards, two steals and two blocks. Ejiofor was serenaded by St. John's fans during the win, following his two missed free throws at the end of double overtime against Baylor. "When you've only been in a job for a year, you search for things you love about a place," Pitino said. "Tonight I found out what I love about St. John's. Our fans chanted Zuby's name the whole game, which doesn't happen anywhere else in America. I was really impressed with our fans and I thank them for making Zuby feel good, because he gives you all the energy." Luis leads the Red Storm with 17.3 points per game, followed by Ejiofor (10.7), Aaron Scott (10.5), Deivon Smith (10.3) and Richmond (10.2). Georgia enters Sunday's matchup looking to rebound from its first loss after falling to No. 15 Marquette 80-69 on Saturday. Georgia (5-1) battled back from a 15-point, second-half deficit, but was held to just three points over the final 4:57 in Saturday's loss. Blue Cain led the Bulldogs with a season-high 17 points, including five 3-pointers. "It's a process. It's a journey with this team," Bulldogs head coach Mike White said. "It's about continuing to make strides, continuing to protect our culture. ... At the end of the day, wins and losses are going to take care of themselves. We just have to embrace the process and enjoy it." Five-star freshman recruit Asa Newell was held to a season-low nine points but leads the team with 15.5 points per game. Silas Demary Jr. is second with 13.8. --Field Level MediaThis Is What Whales Are Betting On Kraft HeinzNew Delhi: India's 26 major listed real estate firms have sold properties worth nearly Rs 35,000 crore during the September quarter with Godrej Properties reporting highest sales bookings. According to the data compiled from regulatory filings, the 26 major listed realty firms have reported a combined sales bookings of Rs 34,985 crore in the second quarter of the current fiscal year. Bulk of pre-sales (sales bookings) came from residential segment. In terms of sales bookings, Godrej Properties emerged as the largest listed player during July-September quarter with pre-sales of Rs 5,198 crore. Mumbai-based Macrotech Developers Ltd, which sells properties under the Lodha brand, reported sales bookings of Rs 4,290 crore during the quarter under review. Delhi-NCR-based Max Estates sold properties worth Rs 4,100 crore, while Bengaluru-based Prestige Estates Projects Ltd clocked sales bookings of Rs 4,022.6 crore during the quarter. 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DLF Ltd , the country's largest realty firm in terms of market capitalisation, sales bookings declined sharply during the July-September period to Rs 692 crore as it did not launch any new housing project. Among other major listed players, Bengaluru-based Brigade Enterprises Ltd reported a sales bookings of Rs 1,821 crore during July-September period of this fiscal year, while Mumbai-based Oberoi Realty did pre-sales of Rs 1,442.46 crore. Mumbai-based Aditya Birla Real Estate sold properties worth Rs 1,412 crore. Bengaluru-based Puravankara Ltd and Sobha Ltd clocked sales bookings of Rs 1,331 crore and Rs 1,178.5 crore, respectively. Delhi-based TARC Ltd also performed well and achieved pre-sales of Rs 1,012 crore during the September quarter. There were many players that reported sales between Rs 500 crore and Rs 1,000 crore during the second quarter of this fiscal year. Pune-based Kolte-Patil Developers Ltd sold properties worth Rs 770 crore, while Mumbai-based Keystone Realtors (Rustomjee brand) achieved pre-sales of Rs 700 crore. Delhi-based Ashiana Housing Ltd reported sales bookings of Rs 673 crore during the September quarter while Bengaluru-based Shriram Properties clocked pre-sales of Rs 568 crore. Mumbai-based firms Raymond Ltd and Sunteck Realty Ltd sold properties worth Rs 562 crore and Rs 524 crore, respectively. Among listed firms that booked less than Rs 500 crore, Ahmedabad-based Arvind Smartspaces sold properties worth Rs 464 crore during the July-September period. Mumbai-based Mahindra Lifespace Developers Ltd achieved a sales bookings of Rs 397 crore. Mumbai-based realtors Arihant SuperstructuresLtd, Ajmera Realty & Infrastructure Ltd and Arkade Developers Ltd reported sales bookings of Rs 270.8 crore, Rs 254 crore and Rs 215 crore, respectively. Suraj Estate Developers sold properties worth Rs 107 crore, while Lucknow-based Eldeco Housing & Industries Ltd clocked pre-sales of Rs 102.9 crore. Mumbai-based Equinox India Developments Ltd (earlier Indiabulls Real Estate Ltd) achieved pre-sales of mere Rs 98 crore during the second quarter of this fiscal year. Sales bookings of many listed entities have declined in the second quarter of 2024-25 because of inauspicious Shraadh period, monsoon rain and also lack of regulatory approvals to launch their projects. For example, DLF Ltd's pre-sales plunged to Rs 692 crore in the September quarter from Rs 6,404 crore in the first quarter of this fiscal. Sales bookings data of many listed players was not available on the stock exchanges. Post-Covid pandemic, the residential real estate segment has revived strongly because of pent-up demand growing desire to have homeownership. Housing prices too have appreciated significantly. Housing market is witnessing a shift in consumer demand towards those realty companies and brands which have better track record of executing real estate projects. Real estate developers, which are not listed on stock exchanges, generally do not report their quarterly and annual sales bookings. Branded and reputed players, including both listed and unlisted ones, have benefited most in this revival cycle as homebuyers do not want to take risk of getting stuck in real estate projects after making payments. Thousands of buyers of many NCR-based builders, like Unitech and Jaypee Infratech, are stuck and fighting legal cases in real estate regulatory authorities at the state-level, tribunals, and courts. Nominations for ET MSME Awards are now open. The last day to apply is November 30, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award. (You can now subscribe to our Economic Times WhatsApp channel )
Musk causes uproar by backing German far-right party ahead of key elections
AGCO Co. (NYSE:AGCO) Shares Sold by Swiss National Bank
The man charged with implementing ’s ambitions for what he calls the “largest deportation operation in American history” spent the week of Christmas and Hanukkah previewing his agenda. Trump and his “border czar” are likely to face a volley of lawsuits and legal obstacles from city and state officials. Homan, in turn, has if they don’t “get the hell out of the way.” Throughout his 2024 campaign, pledged to arrest, detain and deport people living in the country without legal permission as part of his “day one” agenda. The president-elect promises to deploy federal, state and local law enforcement into immigrant communities he says are “poisoning the blood of the country,” relying on to support a brutal crackdown that could impact millions of families. Homan is signaling a return to family detentions and breaking up families with U.S. citizen children, who could be forced into “halfway houses,” with U.S. military assistance, and with “no price tag” for a years-long project that will rely on more funding from Congress. Trump is also expected to try to and block newborns from receiving citizen-affirming documents, likely triggering legal battles and a Supreme Court fight. Human rights groups President Joe Biden’s administration to take to shut down problematic detention centers, open legal pathways for millions of undocumented immigrants, and add permanent protections for immigrants with temporary legal status. “The public may have voted in the abstract for more enforcement, but I don’t think they voted for more or unnecessary cruelty to children,” ACLU immigrants’ rights attorney Lee Gerlent told “Yet repeated statements from the incoming administration suggest that’s what we are looking at, despite the fact that the horrific damage to children from [Trump’s first administration] is still not undone and may never be,” he said. “We’re going to need to construct family facilities,” . “We need to show the American people we can do this and not be inhumane about it ... We can’t lose the faith of the American people.” Homan said the administration will look to construct “soft-sided” tent facilities that have similarly been used to detain people on the U.S.-Mexico border. Trump and Homan have repeatedly said that even U.S. citizen children of non-citizen parents are expected to be detained and deported along with their families, and that it will be up to families whether to be deported together or remain separated. “Here’s the issue,” Homan told the newspaper. “You knew you were in the country illegally and chose to have a child. So you put your family in that position.” Homan that the administration will “end catch-and-release — and that includes family units, too,” referencing a phrase to describe immigrants who are released from detention while awaiting court proceedings. The Biden administration ended family detention in 2021 with the closure of ICE “residential centers” that housed roughly 3,000 beds in dorm-like facilities. There are roughly 4 million mixed-status immigrant families in the United States. “As far as U.S. children, that’s going to be a difficult situation because we’re not going to change your U.S. citizenship,” Homan in a recent interview. “Which means they’re going to be put in a halfway house or they can stay at home and wait for the officers to get the travel arrangements and come back and get the family. You know the best thing to do for a family is to self-deport themselves.” Trump is expected to on immigration when he enters office to deploy U.S. military assets to work with state and local law enforcement on immigration policing. The former president declared a national emergency for U.S.-Mexico border wall construction in his first term in an attempt to bypass a standoff with Congress. Biden rescinded that order shortly after he entered office in 2021. Trump also , which would give the president unprecedented ability to target foreigners for removal, without a hearing or due process, based solely on their place of birth or citizenship. During the first and second World Wars, the federal government turned to the law to detain and restrict German, Austro-Hungarian and Italian immigrants, and infamously used the law for the shameful internment of Japanese Americans, now widely seen as a stain on America’s 20th century history. The largely abandoned law states that the president may order the arrests and removal of non-citizens during times of “declared war” or during an “invasion” or “predatory incursion” by “any foreign nation or government,” but Trump and right-wing legal groups are expected to try to interpret the law more broadly by expanding the definition of “invasion” and “predatory incursion” to mean border crossings, and for drug cartels or criminal gangs to be considered a “foreign nation or government.” “I will rescue every city and town that has been invaded and conquered, and we will put these vicious and bloodthirsty criminals in jail, then kick them the hell out of our country as fast as possible,” Trump said in remarks from Madison Square Garden. Trump’s administration is expected to in sensitive locations like schools, hospitals and places of worship, or at events like funerals, weddings and public demonstrations. Homan has also threatened to in cities with so-called “sanctuary” policies that limit cooperation with federal law enforcement agencies to . “No more sanctuary cities,” Trump declared at a campaign event in North Carolina in September. “As soon as I take office, we will immediately surge federal law enforcement to every city that is failing, which is a lot of them, to turn over criminal aliens.” The administration is also expected to return to making workplace arrests. “Worksite operations have to happen,” Homan told last month. A group of workers sued the Trump administration in 2018 after an immigration raid at a Tennessee facility, and a federal court approved a $1 million settlement that included some legal protections for workers. Both Trump and Homan have said money is no object when it comes to their agenda. “It’s not a question of a price tag,” . “We have no choice. When people have killed and murdered, when drug lords have destroyed countries, and now they’re going to go back to those countries because they’re not staying here. There is no price tag.” Homan admitted to NewsNation that the operation “would be expensive,” but “it’s going to save taxpayers a lot of money in the long run.” “Right now, we’re spending billions of dollars on free airline tickets, free hotel rooms, free medical care, free meals, the education system,” he said. “We need funding. We obviously need to buy more detention beds because everybody we arrest, we have to detain to work on those removal efforts and get travel documents, get flight arrangements. So we need more detention beds.” Homan that means adding at least 100,000 beds, more than doubling the 40,000 detention beds already allocated in ICE funding. He also wants to boost the number of ICE agents. “They’re not going to be out arresting people, but they can be a force multiplier in doing things we need to do that doesn’t require a badge and a gun,” he said. Using the full force of federal, state and local law enforcement agencies to identify, detain and deport millions of people living in the country without legal permission could cost more than $967 billion over 10 years, according to the American Immigration Council. Undocumented immigrants paid federal, state, and local taxes of $8,889 per person in 2022, the group found. For every 1 million undocumented immigrants, public services receive $8.9 billion in tax revenue. Those immigrants, despite paying into government services like healthcare and Social Security, are not eligible for them. The Institute on Taxation and Economic Policy reported Trump’s plans would eliminate 22 percent of American farmworkers, 15 percent of construction workers, eight percent of service workers, eight percent of manufacturing workers and six percent of transportation workers.
Technology entrepreneur Elon Musk has caused uproar after backing Germany’s far-right party in a major newspaper ahead of key parliamentary elections in the Western European country, leading to the resignation of the paper’s opinion editor in protest. Germany is to vote in an early election on February 23 after Chancellor Olaf Scholz’s three-party governing coalition collapsed last month in a dispute over how to revitalise the country’s stagnant economy. Mr Musk’s guest opinion piece for Welt am Sonntag – a sister publication of Politico owned by the Axel Springer Group – published in German over the weekend, was the second time this month that he has supported the Alternative for Germany, or AfD. “The Alternative for Germany (AfD) is the last spark of hope for this country,” he wrote in his translated commentary. He went on to say that the far-right party “can lead the country into a future where economic prosperity, cultural integrity and technological innovation are not just wishes, but reality”. The Tesla Motors chief executive also wrote that his investment in Germany gives him the right to comment on the country’s condition. The AfD is polling strongly, but its candidate for the top job, Alice Weidel, has no realistic chance of becoming chancellor because other parties refuse to work with the far-right party. Billionaire Mr Musk, an ally of US President-elect Donald Trump, challenged in his opinion piece the party’s public image. “The portrayal of the AfD as right-wing extremist is clearly false, considering that Alice Weidel, the party’s leader, has a same-sex partner from Sri Lanka! Does that sound like Hitler to you? Please!” Mr Musk’s commentary has led to a debate in German media over the boundaries of free speech, with the paper’s own opinion editor announcing her resignation, pointedly on Mr Musk’s social media platform, X. Eva Marie Kogel wrote: “I always enjoyed leading the opinion section of WELT and WAMS. Today an article by Elon Musk appeared in Welt am Sonntag. I handed in my resignation yesterday after it went to print.” A critical article by the future editor-in-chief of the Welt group, Jan Philipp Burgard, accompanied Mr Musk’s opinion piece. “Musk’s diagnosis is correct, but his therapeutic approach, that only the AfD can save Germany, is fatally wrong,” he wrote. Responding to a request for comment from the German Press Agency, dpa, the current editor-in-chief of the Welt group, Ulf Poschardt, and Mr Burgard – who is due to take over on January 1 – said in a joint statement that the discussion over Mr Musk’s piece was “very insightful. Democracy and journalism thrive on freedom of expression.” “This will continue to determine the compass of the ‘world’ in the future. We will develop ‘Die Welt’ even more decisively as a forum for such debates,” they wrote to dpa.
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