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Houston Texans wideout Tank Dell will have surgery to repair a dislocated kneecap, torn ACL and other damage, coach DeMeco Ryans confirmed Monday. Dell sustained the injury to his left leg while catching a 30-yard touchdown pass in the third quarter of Saturday's 27-19 loss to the Chiefs in Kansas City. Dell, 25, remained hospitalized on Saturday and Sunday before returning to Houston on Monday. "We're still meeting with doctors to see what's next for him, but it is a significant knee injury," Ryans said. "Our thoughts and prayers are definitely with Tank at this time." As Dell made a diving catch of a C.J. Stroud pass, fellow receiver Jared Wayne tumbled into Dell as both went to the ground. Dell maintained possession of the ball but had to be carted off the field with his leg immobilized in a brace. The touchdown catch, with 11:40 remaining in the third quarter, brought the Texans to within 17-16 after the extra point failed. Houston (9-6) scored just three points the rest of the way. Dell finished his second season with 51 catches for 667 yards and three touchdowns in 14 games (10 starts). He had 47 receptions for 709 yards and seven scores in 11 games (eight starts) as a rookie in 2023. Ryans also announced that safety Jimmie Ward is out for the year with a mid-foot sprain that will require surgery. Ward left the game on a cart in the first half. Ward, 33, had 48 tackles and two interceptions, including one returned for a touchdown, in 10 starts this season. He has 549 tackles, 10 picks and 51 passes defensed in 126 games (99 starts) with the San Francisco 49ers (2014-22) and Texans. Houston, which already has clinched the AFC South division title, hosts the Baltimore Ravens (10-5) on Christmas Day. --Field Level MediaAsus ROG Phone 9 Pro You’d expect a smartphone with top of the line silicon designed to get the most out of both gaming and everyday use will come with a significant price tag. The Asus ROG Phone 9 starts at $999, and climbs up to $1499 for the Pro edition reviewed here.. You wouldn’t expect it to come with just two years of Android updates and an additional two years of security updates. The ROG Phone 9 faces this huge issue straight out of the gate. For many, that minimal support window is going to be a dealbreaker. I'll put that aside for the rest of the review and look at the hardware, but I’m already thinking that Asus should up this to five years of Android for the ROG Phone 9 to feel viable. Asus ROG Phone 9 Pro Asus’ previous gaming phone, the Asus ROG Phone 8 started the ROG Phone series down a new path; rather than go all out and focus purely on gamers, the ROG Phone 8 opened up to a more mainstream user base, which in turn diluted some of the gaming aspects of the phone. The handset's design was more conservative, offered less thermal management hardware than previous handsets, and the garish bright colors and cyber-glow had been moved out of the phone and into a clip-on gaming peripheral. I wondered at the time if Asus’ gamble to move away from focusing on gamers to welcome a wider audience would be the right decision. The comparison now would be with the likes of the Samsung Galaxies and Honor Magics of the world, as opposed to the more niche gaming phones from the likes of Nubia. The 85 Best Black Friday Deals So Far, According To Our Editors 60+ Early Black Friday Deals Worth Shopping Right Now The Mainstream Ambitions Of The ROG Phone 9 With the ROG Phone 9 building on that mainstream direction, I’d have to presume that the feedback from the Phone 8 pointed to a continuation of the ethos within the Phone 9. This means that the two sides of the ROG Phone is still present. Is this a gaming phone that wants to join in with the mainstream, or is it a mainstream phone looking to get some street cred with the gamers? Asus ROG Phone 9 Pro I think it’s the former. In part, that's because the ROG Phone 8 feels more like an “S” update to the phone 8 rather than a new phone. It’s more than just a change of the chipset, although the inclusion of the latest Snapdragon 8 Elite processor means this is one of the fastest Android smartphones on the market today. That comes with another advantage... the ROG Phone 9 benefits from the power management of the 8 Elite. Coupled with Asus adding a 5800 mAh battery in the case, you are going to get some excellent battery life. In regular use, the phone will go for two days and partly into a third day before needing to be charged—which can use the bundled 65W fast charger o 15W wireless charging. This is, of course, is going to get cut down when you switch to gaming, but you have proportionately more endurance than the previous ROG Phone 8. What’s Been Bumped Up In The ROG Phone 9 Spec Sheet? Two key areas that have been improved are an increase in RAM, which helps performance in gaming but also allows for smoother task switching and app usage when the phone is just a phone. Perhaps most important is the increased passive cooling capacity. Top performance on any device, especially a smartphone, generates a lot of heat. If that heat is not drawn away from the chipset fast enough, the handset will have to throttle back, so this is a much-needed design decision. Asus has added “a little bit more” to many areas of the phone. You have more battery (up to 5800 mAh from 5500 mAh on the ROG Phone 8), the screen refresh upper limit is now 185 MHz (although not many titles will support this, put it down as future proofing), the rear camera picks up improvements to the gimballed stabilisation... again this all feels like a point upgrade to the ROG Phone 8 rather than a brand new handset. Asus ROG Phone 9 Pro The more subtle design language of the Phone 8 continues here. It’s an angular design with a decent chamfer on the edges, which makes it blocky but not harsh. The camera island touches on a 45-degree language with a sliced-off corner—emphasised by the diagonal slash on the rear of the handset. You’ll also find the AniMe display on the back of the phone. It’s not a traditional display. Instead, there are 648 LED lights embedded in the surface, which only appear when in use. It brings a bit of life to notifications; you can leave the phone face down but still get nudged when something’s up. Asus has also included some straightforward games you could play on the screen, such as the classic Pong bat’n’ball but these feel more proof of concept than something to sell someone on the device. Especially since you can turn the phone over and get some games with slightly higher definitions. The Gaming Side Of The ROG Phone 9 So, how does it perform as a gaming handset? It’s probably worth picking out the impact that some of the compromises have made to the experience. The bezels around the screen have been reduced in size to feel more in line with consumer expectations of a premium phone, which has a knock-on effect that reduces the audio and visual impact of the experience. The first is the lack of forward-firing speakers. Without the extra space afforded by bezels, the speakers point out of the handset but to the sides. That’s wildly different to two stereo speakers astride a landscape screen, putting you into the gaming world. The ROG Phone 9 does have a headphone jack, that gives that stereo experience as well as no-lag audio, but the vanilla option is focused less on the gaming mode of the phone than general use. Then you have the selfie camera. It’s one of those features every phone needs, but manufacturers can decide how to implement it. Asus chose to have a punch-out camera and obscure part of the screen rather than mount it in a larger bezel, which shows how form has come ahead of function. To finish this triple, I want to call out the USB port. Like previous ROG Phones, the ROG Phone 9 has two USB-C ports. You have a secondary port on the long left-hand side, which might sound unusual until you shift the phone into landscape mode for gaming and realise that your hand covers the standard port and this secondary port is not at the base of the screen. You can have a charging cable here without interfering with your play. Asus ROG Phone 9 Pro Yet the main USB port feels awkward in another way. It’s not centred in the way that many smartphones are. Critically, the vast majority of third-party controllers expect the USB port to be in the middle of the phone. The off-centre port on the ROG Phone 9 forces it to sit awkwardly high on some controlers and is incompatible with others that wrap around the base. ROG’s own Tessen controller doesn’t have any side walls that stop the higher mounting of the ROG Phone 9, and certainly, the marketing suggests that this is the look that the Tessen/Phono combo was looking for, but the off-centre USB means that ROG is taking a lot of the choice away from users. Asus ROG Phone 9 Pro There’s one element to the ROG Phone 9 that boosts the gaming nature of the smartphone: the AeroActive Cooler X Pro. This is available as a separate purchase as an accessory for the hardened gamer. Clipping around the back of the ROG Phone 9, it includes a hefty cooling fan to draw hot air away from the rear to keep the operating temperature way down. It also offers two additional physical trigger buttons that complements the air-trgger based shoulder buttons to give a more console-controller experience. The weight distribution does feel top-heavy when the AeroActive is attached. Reaching for the air-trigger shoulder buttons and the rear triggers and placing your thumbs on the screen for an FPS control system does not feel super-secure in my hands. It’s fine if developers allow you to place your thumbs high up on the screen for the virtual joysticks, but that’s not always the case. Given where the cooling fan needs to be, and the physical connection that the Tensor controller requires, there is unfortnatly no way that you can use both accessories at the same time which feels like the ultimate combination to get the full experience. Alas, not to be. Which is a shame because switching to a bluetooth controller with the AeroActive attached is a nice compact gaming solution. Asus ROG Phone 9 Pro The final piece of the gaming puzzle is the software. Asus continues to use Armoury Crate to tailor the gaming experience. It allows you to tweak the performance settings for each app or game individually. You can turn up the graphical power on some games, cut it back, lean into procesing power on another, and mix and match on a per-title basis. In here you can also define your controls, so if a game does not support the air-trigger shoulder buttons or the AeroActive triggers natively (which, let’s face it, is likely), you can map these to keypresses or actions in Armoury Crate, again on a per-title basis. A quick sweep down from the corner of the screen brings it up; a tap sends it away. Armoury Crate has been present in the ROG Phone family for many years and is mature now. There’s an online database of controller and configuration files for the vast majority of gaming titles that can act as a starting point for your setups. Asus ROG Phone 9 Pro Taking all of these pros and cons together, how does it perform as a gaming handset? Some of the most demanding games on Android, think the likes of Genshin Impact, which have pushed the limits of gaming smartphones sit comfortably at the 60fps mark with the graphics turned all the way up. The power of the Qualcomm Snapdragon 8 Elite comes into play here, but so do Asus' engineering decisions that focus on gaming; cooling both from the internal design and the AeroActive allow not only peak performance but enables you to keep playing for significantly longer sessions without the need to throttle everything back. Going thirty minutes is not a problem with the ROG Phone 9, especially with the AeroAcive offering the extra heat dissipation. Control-wise, the touchscreen's responsiveness helps with your ‘twitchy’ games, so you can do a quick sweep of a crosshair, jump to a distant platform, or just snapping a quick look behind you. There are also some subtle advantages when you play less intensive games. Balatro has recently arrived on Android, and the rouge-like card game is tearing up the charts. It doesn’t need all the graphical horsepower and high frame rates... which means that Armoury Crate software can be set up to turn everything down when Balatro is started, offering you more battery life and endurance when titles requiring less power are run. Asus ROG Phone 9 Pro I still feel that the ROG Phone 7 was Asus’ peak design for a gaming phone because the compromises were all in favour of the gaming experience. Gaming phones remain a niche product line but one that has many players. As the baseline of performance and graphical power of a ‘standard’ smartphone (albeit at flagship levels) continues to rise, the pure gaming phone is losing part of its identity. There remains a market for the ultra-focused device, but I don’t think this is the Asus ROG Phone 9. The ROG Phone 8 has taken the line down a different direction, and the ROG Phone 9 has tweaked that. Asus has put together a "Gaming Smartphone... For Everyone Else.” The graphics have enough power, and the computing needs to deliver a great experience. There’s also a feeling that this can be used as your regular smartphone without too many complications. I can’t decide if this is a niche on a niche (coming from the gaming side) or a niche on a widely popular site (coming from the premium everyday regular handsets). Given this is the second handset going in the latter direction, it’s probably a safe assumption that Asus has been able to find a market in this space, a market that isn’t an identikit phone although the ROG Phone 9 does try to hide the gaming prowess in something a little more subtle than the average gaming smartphone. The package works... but I can’t get past it coming with only two years of software updates. Given the high price of the ROG Phone 9, that one fact makes it incredibly difficult to recommend. Disclaimer: Asus supplied an Asus ROG Phone 9 Pro and accessories for review purposes...
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Lend your ears to podcasts of 2024 that stand out from the packCrypto trading volume topped $10 trillion for the first time in November. The surge in volume came after Trump's election win stoked a fresh rally in the market. Trump pushed his pro-crypto agenda forward on Wednesday with his pick to run the SEC. Crypto trading volume blew past a key milestone last month, according to a report from CCData. Digital asset trading on centralized finance platforms topped $10 trillion for the first time ever in November, surging 101% to hit $10.4 trillion, the report says. Monthly spot trading was up 128% to $3.43 trillion, marking the second-highest monthly total, while derivatives trading volume climbed 89.4% to $6.99 trillion, setting a record high, the report says. The big jump in trading activity points to the huge burst of bullish sentiment unleashed by Donald Trump's election win, which crypto players are hopeful will usher in a new golden age for digital assets. Along the campaign trail, Trump sought to win the industry's vote and political donations, billing himself as the "crypto president" and frequently voicing his support for bitcoin. Among his most important campaign proposals was the founding of a national bitcoin reserve, which could put the token on par with strategic commodities like oil and gold. Since Trump won the election, Bitcoin has surged to all-time highs, stopping just shy of the $100,000 mark in recent weeks. As of Wednesday afternoon, the coin had soared 42% since Election Day. The industry widely expects Trump to support policies easing regulation over the industry throughout his term, and he has already moved to appoint several crypto advocates to his cabinet, including Paul Atkins as SEC Chair, the president-elect posted on Truth Social on Wednesday. Atkins, a prior SEC Commissioner, will replace SEC chair Gary Gensler, who has taken a hard line on the industry and plans to step down on January 20. During his campaign, Trump had vowed to fire Gensler . "Since Election Day, the crypto market has surged," CoinDesk Indices' Andrew Baehr said in an email, adding, "Recent cabinet appointments and today's SEC news have bolstered sentiment and confidence among digital asset projects, new and old, suggesting a more navigable regulatory landscape ahead." Baehr says Ethereum's surge is likely the most important development of the last few weeks. "Bitcoin's regulatory path—oversight, futures, and ETFs—is well-established, as is its function as a macro asset and a store of value. Meanwhile, Ethereum, driven by use of stablecoins, smart contracts, and Web3 innovation, has shown stronger price performance post-election. It's the renewed perception of growth in these use cases that is most exciting these past few weeks," he said. The report also points to a surge in trade volumes in South Korea in particular, where an alt-coin frenzy brought volumes to record highs. The aggregate trade volume from five South Korean exchanges, including Upbit, rose 294% to $254 billion, the report says, making the country's market share of total spot trading volumes surge to over 7%. "Altcoins such as XRP have emerged as major beneficiaries of a more favourable regulatory environment in the U.S., following past classification as securities by the SEC. Trading activity in South Korea has been further boosted by the government's decision to delay the introduction of capital gains tax on digital asset trading for another two years," the report said.
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NEW YORK--(BUSINESS WIRE)--Dec 4, 2024-- Uniswap Labs, the leader in decentralized finance (DeFi), is making it easier for institutional firms to access DeFi through its collaboration with Fireblocks, a digital asset operations and payments platform trusted by 2,000 clients globally. Through Fireblocks, asset managers, hedge funds, and other financial firms can access Uniswap Protocol’s liquidity and advanced DeFi trading features. “We’re thrilled to bring DeFi native capabilities that meet our clients' demand for secure, scalable access to deeper liquidity,” said Michael Shaulov, CEO of Fireblocks. “We see increasing appetite for DeFi solutions among financial institutions, and we’re excited to see more of our clients diversify their digital assets portfolio with Uniswap’s Trading API.” Direct to DeFi The Uniswap Trading API is developed and maintained by Uniswap Labs, the US-based team that builds some of the most used blockchain infrastructure and apps. The collaboration gives Fireblocks’ clients the ability to go direct to DeFi and brings advanced DeFi trading features to TradFi. Its key features include: Competitive Pricing and Deep Liquidity: Access to onchain and offchain liquidity. It offers an average price improvement of 4.6 basis points compared to the leading aggregator. Simplified DeFi Trading: Go direct to DeFi with minimal latency and zero hassle. Uniswap’s Trading API handles the complexities of onchain trading including gas estimates, slippage calculations, routing options and USD conversions. Vast Selection Across 12 Chains: Thousands of assets across 12 chains, and growing. Access to Arbitrum, Avalanche, Base, Blast, BNB Chain, Celo, Ethereum, Optimism, Polygon, Unichain, World Chain, Zora, and ZKsync. Bringing DeFi Innovation to TradFi Institutions that choose to go direct to DeFi can also configure the API to their business operations, allowing funds to flow directly to designated wallets for better accounting and transparency. To learn more visit https://hub.uniswap.org About Uniswap Labs: Uniswap Labs is a software company founded in 2018 by Hayden Adams, the company’s CEO, who invented the Uniswap Protocol, a peer-to-peer system for swapping digital assets that has processed $2.4T in volume since its founding. Uniswap Labs builds some of the most widely adopted DeFi products including a self-custody mobile wallet, an API for professional market players and a web interface. About Fireblocks: Fireblocks is an easy-to-use platform to create new blockchain-based products, and manage day-to-day digital asset operations. Exchanges, banks, PSPs, lending desks, custodians, trading desks, and hedge funds can securely scale their digital asset operations through the Fireblocks Network and MPC-based Wallet Infrastructure. Fireblocks serves thousands of organizations in the financial, payments, and web3 space, has secured the transfer of over $6 trillion in digital assets and has a unique insurance policy that covers assets in storage and transit. Find out more at www.fireblocks.com View source version on businesswire.com : https://www.businesswire.com/news/home/20241204889966/en/ Media@uniswap.org KEYWORD: UNITED STATES NORTH AMERICA NEW YORK INDUSTRY KEYWORD: PROFESSIONAL SERVICES DATA MANAGEMENT BLOCKCHAIN TECHNOLOGY CRYPTOCURRENCY ASSET MANAGEMENT DIGITAL CASH MANAGEMENT/DIGITAL ASSETS SOURCE: Uniswap Labs Copyright Business Wire 2024. PUB: 12/04/2024 03:00 PM/DISC: 12/04/2024 03:02 PM http://www.businesswire.com/news/home/20241204889966/enBEIJING, Dec. 12, 2024 (GLOBE NEWSWIRE) -- 17 Education & Technology Group Inc. (NASDAQ: YQ) (“17EdTech” or the “Company”), a leading education technology company in China, today announced its unaudited financial results for the third quarter of 2024. Third Quarter 2024 Highlights 1 Net revenues were RMB59.6 million (US$8.5 million), compared with net revenues of RMB45.1 million in the third quarter of 2023. Gross margin was 60.9%, compared with 54.1% in the third quarter of 2023. Net loss was RMB17.4 million (US$2.5 million), compared with net loss of RMB72.9 million in the third quarter of 2023. Net loss as a percentage of net revenues was negative 29.2% in the third quarter of 2024, compared with negative 161.6% in the third quarter of 2023. Adjusted net loss 2 (non-GAAP) , which excluded share-based compensation expenses of RMB11.7 million (US$1.7 million), was RMB5.7 million (US$0.8 million), compared with adjusted net loss (non-GAAP) of RMB53.7 million in the third quarter of 2023. Adjusted net loss (non-GAAP) as a percentage of net revenues was negative 9.5% in the third quarter of 2024, compared with negative 119.1% adjusted net loss (non-GAAP) as a percentage of net revenues in the third quarter of 2023. First Nine Months 2024 Highlights Net revenues were RMB152.6 million (US$21.7 million), compared with net revenues of RMB123.6 million in the first nine months of 2023. Gross margin was 37.3%, compared with 48.6% in the first nine months of 2023. Net loss was RMB129.2 million (US$18.4 million), compared with net loss of RMB213.3 million in the first nine months of 2023. Net loss as a percentage of net revenues was negative 84.6% in the first nine months of 2024, compared with negative 172.6% in the first nine months of 2023. Adjusted net loss (non-GAAP) , which excluded share-based compensation expenses of RMB38.2 million (US$5.5 million), was RMB90.9 million (US$13.0 million), compared with adjusted net loss (non-GAAP) of RMB146.3 million in the first nine months of 2023. Adjusted net loss (non-GAAP) as a percentage of net revenues was negative 59.6% in the first nine months of 2024, compared with negative 118.3% of adjusted net loss (non-GAAP) as a percentage of net revenues in the first nine months of 2023. Mr. Andy Liu, Founder, Chairman and Chief Executive Officer of the Company commented, “In the third quarter of 2024, we have continued our business progress and have seen consistent growth in school subscribing to our teaching and learning SaaS offerings under subscription model. This is a strong testimony in the value of our offerings and creates a clear growth path into the future.” “We continue to evolve our teaching and learning SaaS solutions and expand customer base to improve efficiency through digital means, ensuring high-quality development and fostering growth in the school-based procurement,” he added. Mr. Michael Du, Director and Chief Financial Officer of the Company commented, “During the quarter, our teaching and learning SaaS business saw revenue growth compared to the same quarter last year. As we enhance operating efficiency, net loss on a GAAP basis continued to narrow for the past three consecutive quarters. As our SaaS billing model is maturing, we achieved significant progress with a remarkable growth rate that outpaces the overall revenue growth.” Third Quarter 2024 Unaudited Financial Results Net Revenues Net revenues for the third quarter of 2024 were RMB59.6 million (US$8.5 million), representing a year-over-year increase of 32.2% from RMB 45.1 million in the third quarter of 2023. This was mainly due to the increased number of teaching and learning SaaS contracts and the recurring revenue generated from on-going projects. Cost of Revenues Cost of revenues for the third quarter of 2024 was RMB23.3 million (US$3.3 million), representing a year-over-year increase of 12.5% from RMB20.7 million in the third quarter of 2023, which was mainly due to the increase in project deliveries for our teaching and learning SaaS offerings during the quarter. Gross Profit and Gross Margin Gross profit for the third quarter of 2024 was RMB36.3 million (US$5.2 million), compared with RMB24.4 million in the third quarter of 2023. Gross margin for the third quarter of 2024 was 60.9%, compared with 54.1% in the third quarter of 2023. Total Operating Expenses The following table sets forth a breakdown of operating expenses by amounts and percentages of revenue during the periods indicated (in thousands, except for percentages): Total operating expenses for the third quarter of 2024 were RMB58.0 million (US$8.3 million), including RMB11.7 million (US$1.7 million) of share-based compensation expenses, representing a year-over-year decrease of 43.7% from RMB103.1 million in the third quarter of 2023. Sales and marketing expenses for the third quarter of 2024 were RMB20.2 million (US$2.9 million), including RMB1.9 million (US$0.3 million) of share-based compensation expenses, representing a year-over-year decrease of 27.6% from RMB27.9 million in the third quarter of 2023. This was mainly due to the decrease in the share-based compensation and efficiency improvements in marketing and sales work force and expenses compared with the same period last year. Research and development expenses for the third quarter of 2024 were RMB12.8 million (US$1.8 million), including RMB3.5 million (US$0.5 million) of share-based compensation expenses, representing a year-over-year decrease of 72.2% from RMB45.9 million in the third quarter of 2023. The decrease was primarily due to the decrease in the share-based compensation and efficiency improvements in our research and development work force and expenses. General and administrative expenses for the third quarter of 2024 were RMB25.0 million (US$3.6 million), including RMB6.4 million (US$0.9 million) of share-based compensation expenses, compared with RMB29.2 million in the third quarter of 2023. This was mainly due to the decrease in the office and professional service fees compared with the same period last year. Loss from Operations Loss from operations for the third quarter of 2024 was RMB21.6 million (US$3.1 million), compared with RMB78.7 million in the third quarter of 2023. Loss from operations as a percentage of net revenues for the third quarter of 2024 was negative 36.3%, compared with negative 174.4% in the third quarter of 2023. Net Loss Net loss for the third quarter of 2024 was RMB17.4 million (US$2.5 million), compared with net loss of RMB72.9 million in the third quarter of 2023. Net loss as a percentage of net revenues was negative 29.2% in the third quarter of 2024, compared with negative 161.6% in the third quarter of 2023. Adjusted Net Loss (non-GAAP) Adjusted net loss (non-GAAP) for the third quarter of 2024 was RMB5.7 million (US$0.8 million), compared with adjusted net loss (non-GAAP) of RMB53.7 million in the third quarter of 2023. Adjusted net loss (non-GAAP) as a percentage of net revenues was negative 9.5% in the third quarter of 2024, compared with negative 119.1% of adjusted net loss (non-GAAP) as a percentage of net revenues in the third quarter of 2023. Please refer to the table captioned “Reconciliations of non-GAAP measures to the most comparable GAAP measures” at the end of this press release for a reconciliation of net loss under U.S. GAAP to adjusted net loss (non-GAAP). Cash and Cash Equivalents and Term Deposit Cash and cash equivalents and term deposit were RMB339.7 million (US$48.4 million) as of September 30, 2024, compared with RMB476.7 million as of December 31, 2023. Conference Call Information The Company will hold a conference call on Wednesday, December 11, 2024 at 8:00 p.m. U.S. Eastern Time (Thursday, December 12, 2024 at 9:00 a.m. Beijing time) to discuss the financial results for the third quarter of 2024. Please note that all participants will need to preregister for the conference call participation by navigating to https://register.vevent.com/register/BIcb0cb8cc902d426b9cbd52d075f15685 . Upon registration, you will receive an email containing participant dial-in numbers, and PIN number. To join the conference call, please dial the number you receive, enter the PIN number, and you will be joined to the conference call instantly. Additionally, a live and archived webcast of this conference call will be available at https://ir.17zuoye.com/ . Non-GAAP Financial Measures 17EdTech’s management uses adjusted net income (loss) as a non-GAAP financial measure to gain an understanding of 17EdTech’s comparative operating performance and future prospects. Adjusted net income (loss) represents net loss excluding share-based compensation expenses and such adjustment has no impact on income tax. Adjusted net income (loss) is used by 17EdTech’s management in their financial and operating decision-making as a non-GAAP financial measure; because management believes it reflects 17EdTech’s ongoing business and operating performance in a manner that allows meaningful period-to-period comparisons. 17EdTech’s management believes that such non-GAAP measure provides useful information to investors and others in understanding and evaluating 17EdTech’s operating performance in the same manner as management does, if they so choose. Specifically, 17EdTech believes the non-GAAP measure provides useful information to both management and investors by excluding certain charges that the Company believes are not indicative of its core operating results. The non-GAAP financial measure has limitations. It does not include all items of income and expense that affect 17EdTech’s income from operations. Specifically, the non-GAAP financial measure is not prepared in accordance with GAAP, may not be comparable to non-GAAP financial measures used by other companies and, with respect to the non-GAAP financial measure that excludes certain items under GAAP, does not reflect any benefit that such items may confer to 17EdTech. Management compensates for these limitations by also considering 17EdTech’s financial results as determined in accordance with GAAP. The presentation of this additional information is not meant to be considered superior to, in isolation from or as a substitute for results prepared in accordance with US GAAP. Exchange Rate Information The Company’s business is primarily conducted in China and all of the revenues are denominated in Renminbi (“RMB”). However, periodic reports made to shareholders will include current period amounts translated into U.S. dollars (“USD” or “US$”) using the exchange rate as of balance sheet date, for the convenience of the readers. Translations of balances in the consolidated balance sheets and the related consolidated statements of operations, comprehensive loss, change in shareholders’ deficit and cash flows from RMB into USD as of and for the three months ended September 30, 2024 are solely for the convenience of the readers and were calculated at the rate of US$1.00=RMB7.0176 representing the noon buying rate set forth in the H.10 statistical release of the U.S. Federal Reserve Board on September 30, 2024. No representation is made that the RMB amounts could have been, or could be, converted, realized or settled into US$ at that rate on September 30, 2024, or at any other rate. About 17 Education & Technology Group Inc. 17 Education & Technology Group Inc. is a leading education technology company in China, offering smart in-school classroom solution that delivers data-driven teaching, learning and assessment products to teachers, students and parents. Leveraging its extensive knowledge and expertise obtained from in-school business over the past decade, the Company provides teaching and learning SaaS offerings to facilitate the digital transformation and upgrade at Chinese schools, with a focus on improving the efficiency and effectiveness of core teaching and learning scenarios such as homework assignments and in-class teaching. The product utilizes the Company’s technology and data insights to provide personalized and targeted learning and exercise content that is aimed at improving students’ learning efficiency. Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Statements that are not historical facts, including statements about 17EdTech’s beliefs and expectations, are forward-looking statements. 17EdTech may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: 17EdTech’s growth strategies; its future business development, financial condition and results of operations; its ability to continue to attract and retain users; its ability to carry out its business and organization transformation, its ability to implement and grow its new business initiatives; the trends in, and size of, China’s online education market; competition in and relevant government policies and regulations relating to China's online education market; its expectations regarding demand for, and market acceptance of, its products and services; its expectations regarding its relationships with business partners; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in 17EdTech’s filings with the SEC. All information provided in this press release is as of the date of this press release, and 17EdTech does not undertake any obligation to update any forward-looking statement, except as required under applicable law. For investor and media inquiries, please contact: 17 Education & Technology Group Inc. Ms. Lara Zhao Investor Relations Manager E-mail: ir@17zuoye.comWINNIPEG — Mike O’Shea stood in front of reporters Friday and kept his cool while answering questions about the Winnipeg Blue Bombers’ 41-24 Grey Cup loss to the Toronto Argonauts last weekend. The head coach was asked if he made a mistake keeping injured quarterback Zach Collaros in the game, why star running back Brady Oliveira didn’t get the ball more and whether a flawed game plan led to Winnipeg’s third consecutive championship loss. “As an entire team, we didn’t have our best game,” O’Shea said in his end-of-the-season press conference. “We didn’t lack effort. We didn’t lack desire. “We didn’t have our best game as an entire team. Three phases. Coaches — everybody. Me especially.” O’Shea admitted he missed calling a timeout in the fourth quarter when there were only 11 Blue Bombers on the field instead of 12. “I don't get the count over the headset as quickly as I probably need to, we can't count. As I'm seeing a guy come off, that's the right time for that timeout that I should have used,” O’Shea said. He also said he should have used a challenge flag earlier on a play he didn’t identify, and checked on his players more during the game. But hindsight wouldn’t change his decision to put Collaros back in the game after the index finger on his throwing hand was cut deep when it hit a defender’s helmet. “He absolutely deserves every opportunity to lead this team,” O’Shea said. “From what I saw and from chatting with him very briefly, I felt really comfortable with that. I didn't think it was going to be easy, but I thought it's Zach, so...” The injury to Collaros’s finger happened late in the third quarter when the Blue Bombers were trailing the Argonauts 17-10. The veteran left the game and returned with a bandaged finger that needed five stitches and a numbing agent. He wore a glove on the hand and told reporters earlier this week it was difficult to grip the ball. Collaros said he warned receivers in the huddle his throws might not have the usual zip and they should be prepared to come back for the ball. “(I) saw him delivering the ball on the sidelines. Then you see him deliver a couple balls out there and some of them are pretty damn good, right?” O’Shea said. “The awareness of Zach to say to the receivers, ‘hey, work a little harder for me,’ I think it’s natural and what should be said. I think they already know that.” When Collaros re-entered the game, he threw interceptions in back-to-back series. “On one of them he got rid of the ball and I thought it was a good ball and the defensive player made a good play,” O’Shea said of the picks. “One slipped right out of his hand or I don't know if it got tipped or not. You've got to give him that opportunity.” Oliveira was questioning his lack of opportunities in the game when he spoke to reporters earlier in the week. The CFL’s newly minted most outstanding player and top Canadian only had 11 carries for 84 yards and one late touchdown. About 17 or 18 run plays were called, O’Shea said. “One starts off with a procedure penalty in the first and then six of those get pulled because there's X number of guys in the box or the read says this is not a run play anymore, this is now a pass play,” he said. “You call that many runs and then a pile of them get pulled because of the structure of the defence. That's OK with me at that point.” O’Shea said Bombers offensive co-ordinator Buck Pierce has been granted permission to talk to CFL teams with head-coaching job openings. The B.C. Lions are reportedly interested in Pierce. The Edmonton Elks also have a vacant head coach spot. If Pierce doesn’t become a head coach, O’Shea said he wants him to stay in Winnipeg. He believes Pierce had the offence “extremely well-prepared” for the Grey Cup. “I’m never going to question the play-calling, and I think what’s going on here is we’re questioning,” O’Shea said. “We’re trying to find blame and fault when that’s nowhere in our DNA of how we built this eight, nine, 10 years ago. We’re starting to try and find all these answers and question all these people that were 0-4 and 2-6 and then 10-1, and we just didn’t play our best game.” The Bombers finished 11-7 and claimed the West Division title that earned them a fifth consecutive trip to the Grey Cup. They won the championship in 2019 and ’21, but lost 28-24 to the Montreal Alouettes last year and 24-23 to Toronto in 2023. “We're the same group that got there, that went on a phenomenal run after a bad start, and a bad start for a lot of reasons that we overcame,” O’Shea said. “I just, I don't question any of it. I look for answers, too. I watch the film over and over and over again. And look to already make notes on how we're going to be better, how we're going to get back there again.” This report by The Canadian Press was first published Nov. 22, 2024. Judy Owen, The Canadian Press
Texans claim WR Diontae Johnson off waivers from Ravens
Analysis: What does this election mean for remote employees and employers?Some companies operate in very specific industries, whether that's a supermarket business, a retailer, or something else in an exact sector. But, a few (ASX: XJO) shares have operations spread across a wide array of areas, providing . One of the great things about having diversification within a company is that it lowers the risk of any one segment going poorly, and it also means the company has multiple avenues to pursue growth. They can choose which area of their diverse operations they see as the best opportunity to invest for the biggest return. With that in mind, I think the below two stocks are two of the most diverse ASX 200 shares. Washington H. Soul Pattinson and Co. Ltd ( ) I think this company, commonly called Soul Patts, is the most diverse business because it already represents a wholly diversified portfolio. It started as a pharmacy business 120 years ago but has since made a number of investments in various other industries and assets. For example, it's invested and . This diversified portfolio provides to Soul Patts, which then enables a resilient, growing dividend. It has paid a dividend every year since it was listed 120 years ago, and it has grown its annual ordinary dividend every year since 2000, which is the best record on the ASX. Wesfarmers Ltd ( ) Wesfarmers is another of the oldest businesses on the ASX. The ASX 200 share can trace its history back to 1914 as a Western Australian farmers' cooperative. It's now one of the largest Australian companies. It has operations across home improvement, building supplies and outdoor living products (Bunnings), general merchandise and apparel (Kmart and Target), office and technology products (Officeworks), health, beauty and wellbeing products and services (Priceline), a retail subscription program, wholesale distribution of pharmaceutical goods, manufacturing and distribution of chemicals and fertilisers, a lithium project including mine, concentrator and refinery, industrial and safety product distribution, and gas processing and distribution (WesCEF). The ASX 200 share has made Kmart and Bunnings two of the country's most impressive retailers, with market-leading positions in their categories. Kmart is looking to grow its earnings by taking its Anko brand products to international markets, while Bunnings is looking to grow through bolt-on acquisitions (such as Beaumont Tiles) and growing in new product categories, such as auto care and pet care. I think there's more growth to come.
House control won’t last longBBC Return to Paradise fans say the same thing as 'favourite' character returns to spin-off
MANCHESTER CITY really do have a mountain to climb to get back to where they once were. This game – played in the shadow of the Alps - showed just how far they have fallen since the end of October. Dusan Vlahovic’s header – which somehow squeezed past Ederson – and Weston McKennie’s volley mean it is now one win in 10 for Pep Guardiola ’s men Seven of those have been defeats and now the boss has to pick his weary troops up for Sunday’s Manchester derby. In recent years, they have made light work of the Champions League groups – effortlessly gliding through. Yet when the competition returns in a month’s time, a finish in the top 24 is by no means guaranteed. Read More on Football Their next game is at old foes Paris Saint-Germain, who also need the points – followed by a home game against Club Brugge. From kings of Europe 18 months ago to scrambling to make the Last 16 play offs is a sobering fall from grace. And right now City look completely devoid of confidence – shipping goals alarmingly at the back while struggling to take their chances at the other end. It has been a nightmare six weeks for Pep - who don't forget signed a new two-year contract in the middle of all the chaos. Most read in Champions League BEST FREE BET SIGN UP OFFERS FOR UK BOOKMAKER S A trip to Turin might look daunting but Juve have lost four their last six European games at their Allianz Stadium. Thiago Motta’s men started out a couple of places behind City in the table – clinging on to a place in the play-offs by their fingertips. Guardiola recalled his first-choice keeper Ederson, who had paid the price for his erratic display in the last Champions League game against Feyenoord . That result – when they threw away a three-goal lead in 15 astonishing minutes – had left their place in this tournament beyond January in some doubt. Pep had once again had to patch up his team – playing Rico Lewis as a left back after his eventful day at Selhurst Park on Saturday. City were seeing plenty of the ball which is what Guardiola had asked of them before the game – suggesting they needed to go back to basics. But they were struggling to create much and at the other end they were relieved to see a shot from Kenan Yildiz drift just wide. The Turkish winger also showed City skipper Kyle Walker a clean pair of heels on more than one occasion. First-half struggles England defender Walker can no longer rely on his pace as he used to and this time he had Ruben Dias to thank for making a key block. Meanwhile, City failed to record an effort of note in the opening half hour – the first time that has happened in a European game in four years. Erling Haaland saw an effort blocked by Teun Koopmeiners before it ricocheted into the grateful arms of Michele di Gregorio. The pair were face to face again moments later as the Norwegian ran onto a trademark pass from Kevin De Bruyne . He tried to lift it over the home keeper who got enough on it to keep it out and the best chance of the half was gone. The City boss would have been pleased with the amount of possession his team had – but slightly concerned how little they had created and how pedestrian they looked at times. Juventus get the lead Meanwhile after shipping seven goals in their previous two matches in this competition, at least they had kept the home team at bay. Guardiola knew failure to win here would have put their hopes of finishing in the top eight and qualifying automatically for the Last 16 almost out of the question. A two legged play-off in February is the last thing a squad that has already stretched by injuries needs. Not surprisingly, City’s best moments came from De Bruyne and his low cross soon after the restart found Ilkay Gundogan – but the German’s tame effort was blocked. And the two misses proved costly with Juventus taking the lead as Federico Gatti’s acrobatic effort was pushed away by Ederson. Josko Gvardiol made a hash of clearing his lines and Yildiz swung the ball back over. Another Gvardiol error Vlahovic got up highest and while Ederson scooped it around the post, goaline technology said it had already crossed the line. It was a matter of millimetres but it was a poor goal to concede and another error by Gvardiol, who is having a miserable time right now. City knew they had to snap into action and they did – but Juventus were throwing everything in the way to protect their lead. Bernardo Silva saw a good chance blocked while De Bruyne’s long-range effort fizzed just past the post. Di Gregorio dived full stretch to push Gundgan’s effort from the edge of the box around the post. READ MORE SUN STORIES But as they pushed for an equaliser they were caught on the break as sub Timothy Weah – son of former City player George – broke down the right. His cross made its way to US international team-mate McKennie whose volley had too much on it for Ederson.
Uniswap Labs and Fireblocks Collaborate to Bring DeFi Innovation to TradFi
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