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2025-01-12
Arizona Metals Corp. Announces Bought Deal FinancingAfter Joe Biden's disastrous TV debate with Donald Trump, when the president's reelection prospects began unravelling, Vancouver immigration lawyer Randall Cohn started getting calls from Americans. It was the first "panic period" among people anxious about another Trump administration and interested in moving to Canada. "The surge reduced a little bit after (Kamala) Harris became the nominee, and then I got another surge in the last couple weeks," Cohn told AFP. Following Trump's November 5 victory, Google Trends reported a more than 1,000 percent increase in U.S.-based searches on moving to Canada. After his 2016 win, elevated traffic crashed Canada's immigration website. The phenomenon of left-leaning Americans becoming "Canada-curious" after a Republican election victory predates Trump. There were similar media reports when Ronald Reagan beat Jimmy Carter in 1980. Experts note the number of Americans who have actually uprooted and moved to Canada because of an election result is hard to quantify but is understood to be low. Immigrating to Canada is difficult, and by some measures, harder now than ever. "Somebody with no pre-existing connection to Canada is going to have a really, really difficult time," Jacqueline Bonisteel, a partner at the Corporate Immigration Law Firm, told AFP. Can't buy residency Cohn said he has gotten calls from "fairly wealthy" people distraught by Trump's comeback who feel "entitled to be mobile." "They want to basically buy the thing from the menu that will get them permanent residence in Canada," he said. "I effectively have to say it's not as easy as you think it is and there's no way to buy residency." Shanthony Exum, a former Brooklyn resident who moved to Montreal during the pandemic before the 2020 election, described immigration as "daunting...exhausting (and) expensive." The 42-year-old artist offered caution to Americans eyeing Canada for political reasons. "Trump's policies are terrifying to me but that wasn't the reason I moved," she said. Exum had a long-standing fondness for Montreal and was visiting the city as New York City's COVID dead were being stored in refrigerated trucks. Then her Brooklyn landlord sold the property where she lived, so she decided to try staying in Canada. Her love of Montreal steadied her through an arduous immigration process. "It's easier to run toward something that away from something," she told AFP. Waves of Canadian citizenship applications from distraught Democrats may be unlikely, but experts agree Canada could face more refugee claims. Sean Rehaag, director of York University's Center for Refugee Studies, has noted the number of U.S. citizens who sought asylum in Canada spiked when Trump first took office. In 2016, 129 Americans made refugee claims in Canada. That jumped to 869 in 2017 and 642 in 2018. Rehaag has written that those 1,500 were "mainly the children of people fearing deportation due to a change of their immigration status after spending years in the United States." Given Trump's pledge to use the U.S. military to carry out a mass deportation of undocumented migrants, Canadian authorities have said they are on alert for large movements of people towards the border. If a mass deportation happens, "you're going to see a significant increase of the volume of people who are crossing into Canada irregularly," said Cohn. But refugee laws have also changed since Trump's first term. The Safe Third Country Agreement between Canada and the United States was expanded in 2023, making it harder for anyone coming from the U.S. to claim asylum in Canada. Underpinning the agreement is the notion that Canada views the U.S. as safe, so individuals not entitled to refugee status there are unlikely to merit protection in Canada either. The agreement was already subject to Canadian legal challenges and some argue Trump's election makes it more untenable. "It doesn't meet our standards for how we should be treating people," said Jamie Chai Yun Liew, an immigration expert at the University of Ottawa, citing key difference in how Canada views vulnerable groups, including claims related to gender-based violence or gender diversity. She urged the Canadian government to "take a good look at what Trump... has done in the past" and what he is proposing for his next term, and consider reviewing the pact.j-lobesto
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Notre Dame: A Timeless Icon, Tested by Fire
We have lost great scholar economist and statesman CM Fadnavis on Manmohan Singh's deathAMMAN — In collaboration with Plan International, the Prime Ministry's Human Rights Unit hosted a nationwide workshop on Friday to create a draft national plan for implementing the Universal Periodic Review of Human Rights 2024's recommendations. At the workshop's launch, Director of the Prime Ministry's Human Rights Department Khalil Abdallat noted that Jordan is still working toward His Majesty King Abdullah's vision, which is centred on establishing a state of law and upholding people's rights and freedoms, the Jordan News Agency, Petra, reported. He said that Jordan had ratified 204 of the 279 recommendations made by the Universal Periodic Review of Human Rights, highlighting the significance of these measures in bolstering the state's human rights process, which advocates for determining national priorities through participation in order to address regional and economic issues and using teamwork to create a conducive environment for carrying out international commitments. In order to apply the Universal Periodic Review of Human Rights' recommendations, incorporate them into their plans and programmes, and give the Human Rights Unit all the tools it needs to follow up on them, the prime minister sent out a circular to all official organisations, he said. According to Abdallat, the government has endeavoured to carry out the Royal vision by releasing a set of laws, procedures, and guidelines that support the advancement and fortification of the human rights framework and uphold international obligations. He underlined that the workshop's goal is to match the review recommendations with national objectives, such as the Sustainable Development Goals, the comprehensive national human rights plan, and the National Centre for Human Rights report. He emphasised the significance of establishing a timeline and precise measurement indicators to guarantee the intended outcomes and that ongoing evaluation will serve as the foundation for raising performance and increasing transparency. Plan International's Country Director Hamida Jahama stressed the significance of the collaboration with the Prime Ministry's Human Rights Unit, which is an extension of the organisation's work with regional coalitions to support the Universal Periodic Review's 2024 recommendations. She said that the goal of this collaboration is to boost civil society's contribution to Jordan's endeavours and pledges to build and modify the Kingdom's human rights framework, which has made significant strides in this area. Since young men and women's involvement in national consultations related to the Universal Periodic Review demonstrates their awareness and commitment to human rights issues and advancing social justice in Jordan, Jahama emphasised the significance of involving, supporting, and empowering them to bring about long-lasting positive change in their communities.RITTNER: Troy and the Telegraph — Part Two
New Delhi, Dec. 26, 2024 (GLOBE NEWSWIRE) -- The global data center cooling market is projected to attain a valuation of US$ 32.61 billion by 2033 from US$ 10.17 billion in 2024 and at a CAGR of 13.82% from 2025-2033. Today, data center cooling has advanced significantly, driven by the escalating demands of high-performance computing (HPC) and AI workloads. Liquid cooling methods, including direct-to-chip and immersion, now address far heavier densities, with some setups managing up to 140 kW per rack. These improvements enable data centers to surpass the global average Power Usage Effectiveness (PUE) through measures like free cooling, refined airflow management, and AI-enabled temperature adjustments. Research indicates that such strategies can cut energy consumption by as much as 40% thereby boosting both efficiency and sustainability. Consequently, facilities can sustain higher performance levels while reducing operating costs and curbing carbon footprints. Download Free Sample Copy @ https://www.astuteanalytica.com/request-sample/data-center-cooling-market Recent analyses suggest data center represent 1-1.8% of global energy usage, with almost 40% of that dedicated to cooling In 2022, the International Energy Agency placed data center electricity demand at 1-1.3% worldwide, emphasizing the necessity of more eco-friendly solutions in the data center cooling market. Innovations illustrate what’s possible: Microsoft attained a PUE of 1.07 by submerging a data center in the ocean, highlighting the untapped potential of liquid cooling. Meanwhile, Google’s water-based cooling systems reportedly lower carbon emissions by about 10% compared to air-cooled setups. Forecasts also project strong expansion for liquid cooling, since it can accommodate escalating workloads and align effectively with sustainability objectives significant, AI-driven cooling can reduce energy usage by up to 30% through real-time, automated temperature controls. Cross-seasonal soil cold storage is likewise gaining traction, providing year-round free cooling in colder regions with minimal energy input. Additionally, partnerships between operators and technology providers are fueling breakthroughs in the data center cooling market by refining immersion frameworks and advanced software controls Altogether, these evolving strategies reflect a unified drive to handle surging data demands while minimizing ecological repercussions. As workloads intensify, advanced cooling solutions remain critical for helping data centers balance performance goals against responsible resource use. From immersion methods to direct liquid cooling, the industry’s pursuit of innovation underscores a shared commitment to sustainability. Consequently, data centers appear poised to meet worldwide demand without linking future growth to an ever-expanding carbon footprint. Key Findings in Data Center Cooling Market Escalating Cooling Needs as Tier 2 Data Centers Drive Market Growth Worldwide and Accounts for 36.5% Market Share Tier 2 data centers have emerged as the largest consumers of cooling solutions in the data center cooling market due to their rapidly expanding footprint and operational requirements. Recent market observations indicate there are over 9 thousand Tier 2 facilities worldwide, collectively housing around 200 million square feet of server space. Many of these sites have an average rack density reaching 6 kilowatts, which escalates the need for robust cooling mechanisms. Some operators report that annual utility bills for cooling alone surpass 5 million dollars per facility, reflecting the intensive energy draw. Capacity expansions among Tier 2 players are rising fast, with some projects adding over 2 thousand new racks each year. Utility data reveals that Tier 2 centers cumulatively account for nearly 30 gigawatts of power consumption, reflecting their growing scale. The appeal of Tier 2 sites lies in their balanced specifications, delivering dependable infrastructure without the hefty cost structures found in hyperscale environments. Many community-based enterprises, regional cloud providers, and medium-sized government bodies rely on Tier 2 facilities for mission-critical tasks due to their reliable uptime rating. Data indicates that certain Tier 2 centers maintain a power usage effectiveness near 1.65, highlighting moderate efficiency levels in the data center cooling market. These facilities often deploy chilled water systems capable of removing over 300 thousand BTUs per hour, ensuring stable temperatures. An average Tier 2 data center invests around 4 million dollars in cooling infrastructure upgrades every two years, keeping pace with evolving IT loads. Furthermore, industry announcements highlight more than 1 thousand new Tier 2 builds in the pipeline for completion by the end of 2023. Growth in industrial automation and edge computing further underscores the rising demand for Tier 2 capacity, as these sectors require facilities that combine strong performance with manageable capital expenses while supporting innovative cooling technologies tailored to mid-size operations. Dominant Room-Based Cooling is Powering Efficient, Sustainable, Modern Data Center Operations Worldwide, Set to Control over 62.6% Market Share Room-based cooling has solidified its position as the most widely adopted solution in data center cooling market, appealing to data centers of varying sizes and tiers. Analysis indicates that more than 6 thousand data center expansions in the past year alone have chosen room-based setups due to their simplicity and cost-effectiveness. Operators report that initial deployment costs can be around 20 thousand dollars for each computer room air conditioning unit, offering a relatively accessible entry point. In many facilities, these systems achieve stable inlet temperatures for over 500 racks, illustrating their scalability. Some hyperscale operators have confirmed using room-based designs to handle IT loads nearing 50 kilowatts per rack, thanks to improved airflow management. Industry feedback suggests that dedicated air distribution channels can reduce server-related overheating incidents by up to 500 events annually. Data center professionals value the simplicity of installation and maintenance that room-based cooling systems bring to the data center cooling market, as they often integrate seamlessly with existing HVAC infrastructure. Some large colocation sites wield more than 100 computer room air handlers, ensuring thorough circulation across multiple server halls. Engineers note that these setups can move upwards of 50 thousand cubic feet of air per minute to sustain constant temperatures. Reports indicate that each unit can manage approximately 5 thousand BTUs per minute, enabling stable performance in high-density spaces. Manufacturers are creating compact versions of these units that fit edge locations under 2 thousand square feet, reflecting the demand for flexible configurations. Power usage effectiveness in room-cooled environments typically hovers near 1.7, reflecting moderate efficiency gains. As colocation and enterprise data centers seek reliability, the straightforward design of room-based cooling remains an essential choice worldwide. Request Free Customization of this report: https://www.astuteanalytica.com/ask-for-customization/data-center-cooling-market IT & Telecom is Largest Powerhouse for Global Data Center Cooling Market and Holds Nearly 24.9% Market Share The IT and telecom sector commands a formidable share of global data center capacity, driven by relentless connectivity needs and expansion. Some estimates place the collective footprint of IT & telecom-operated facilities at over 400 million square feet, housing diverse workloads from core networking to cloud infrastructure. Recent data suggests these centers consume more than 150 terawatt-hours of electricity annually, with cooling representing a substantial operational expenditure. One large telecom-owned campus has claimed a capacity of over 6 million square feet, making it one of the biggest single-industry sites worldwide. Several telecommunications giants report single-site expansions exceeding 3 thousand racks each year to accommodate 5G and fiber-optic services. Major providers invest upwards of 30 million dollars to adopt advanced cooling technologies that keep mission-critical operations stable. Continuous hardware refresh cycles in telecom environments drive higher power densities reaching 40 kilowatts per rack, underscoring the importance of robust thermal management. One of the key drivers behind this massive cooling demand in the data center cooling market is the surge in bandwidth-heavy applications, from mobile broadband to streaming services. Operators often maintain mechanical cooling systems capable of removing over 200 thousand BTUs per hour from hyperscale exchange points. Industry surveys reveal more than 2 thousand new telecom data center builds are underway in 2023, highlighting the sector’s relentless expansion. Many telecom hubs deploy redundant chillers paired with backup generators drawing over 10 megawatts, ensuring uninterrupted functionality. Engineers acknowledge that these sites frequently incorporate water-based cooling loops to control heat generated by high-speed networking gear. As the IT and telecom domain continues to evolve, it remains the principal end user of data center cooling investments, demanding extensive fan, chiller, and airflow innovations. Global Data Center Cooling Market Major Players: Asetek Inc. Coolcentric Daikin Industries Ltd Green Revolution Cooling Iceotope Johnson Controls International PLC Liquid Cool Solutions Inc. LiquidStack Mitsubishi Electric Corporation Munters Group AB. Nortek Air Solutions Parker Hannifin Rittal GmbH & Co. KG Schneider Electric SE SPX Cooling Technologies, Inc STULZ GMBH Telx Holdings, Inc. (Digital Realty Trust, Inc.) Vertiv Co. Other Prominent Players Data Center Colling Market Segmentation: By Component Solution Air Conditioning Chilling Units Cooling Towers Economizer Systems Liquid Cooling Systems Control Systems Others Services Consulting Installation & Deployment Maintenance & Support By Data Centre Type Tier 1 Tier 2 Tier 3 Tier 4 By Type of Cooling Room-based Cooling Row/Rack-based Cooling By Industry BFSI IT & Telecom Research & Academic Government & Defense Retails Energy Manufacturing Healthcare Others By Region North America Europe Asia Pacific South America Middle East & Africa (MEA) View report summary and Table of Contents (TOC): https://www.astuteanalytica.com/industry-report/data-center-cooling-market About Astute Analytica Astute Analytica is a global analytics and advisory company which has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in depth and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the Globe. They are able to make well calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising of business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of best cost-effective, value-added package from us, should you decide to engage with us. Contact Us: Astute Analytica Phone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World) For Sales Enquiries: sales@astuteanalytica.com Website: https://www.astuteanalytica.com/ LinkedIn | Twitter | YouTube
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Nigeria’s economy experienced a notable boost in financial inflows of 335 percent increase in the third quarter of 2024, reaching $6.44 billion compared to $1.48 billion in the preceding quarter. The increase, as highlighted in the Central Bank of Nigeria’s (CBN) quarterly economic report, was attributed to a rise in Central Bank liabilities and government loan acquisitions. Breaking down the figures, the report noted that “other investment” liabilities recorded a net inflow of $4.06 billion, a sharp turnaround from the net reduction of $3.50 billion in the second quarter of 2024. The increase was driven by higher loan liabilities. Foreign direct investment liabilities also showed a modest rise to $0.56 billion, up from $0.52 billion in the previous quarter. However, portfolio investment liabilities witnessed a significant decline, dropping to $1.92 billion from $4.42 billion in the second quarter, largely due to a reduction in debt securities. Read also: Choking the economy: How CBN war on cash is hurting Nigerians The report further revealed an impressive surge in financial assets acquired by resident investors, which grew to $10.47 billion in Q3 2024, compared to $1.79 billion in the preceding quarter. This development stemmed from a notable increase in foreign currency and deposit holdings by residents, which rose to $5.49 billion from withdrawals of $0.83 billion in Q2 2024. Additionally, reserve assets saw an accretion of $4.21 billion, up from $2.47 billion in the previous quarter. Direct investment assets and “other investment” assets also increased significantly to $0.63 billion and $5.53 billion, respectively, contrasting with their lower levels in Q2 2024. Meanwhile, Nigeria’s external debt stock as of the end of June 2024 stood at USD 42.90 billion, representing 23.90 percent of the country’s GDP. Multilateral loans, which include those from the World Bank Group, International Monetary Fund, and African Development Bank Group, accounted for the largest share at $21.62 billion, or 50.41 percent of the total. Commercial loans, predominantly Eurobonds, followed with $15.12 billion (35.24 percent), while bilateral loans and syndicated loans stood at $5.89 billion (13.72 percent) and $0.27 billion (0.63 percent), respectively. Debt servicing payments during the same period amounted to $1.12 billion. This included 0.40 billion in interest payments (35.71 percent of the total) and $0.58 billion in principal repayments (51.79 percent). The remaining balance covered other payments. A closer analysis revealed that commercial borrowings accounted for the majority of interest payments at 74.72 percent (USD 0.30 billion), while multilateral institutions and bilateral loans accounted for 23.45 percent (USD 0.09 billion) and the balance, respectively. Read also: Access Holdings gets CBN, SEC approvals for recently closed rights issue On the international investment front, the report highlighted a decrease in Nigeria’s net financial liabilities, despite an increase in financial assets to $107.49 billion in Q3 2024 from $114.13 billion in Q2 2024. The growth in assets was primarily driven by increases in “other investment” assets and reserve assets, which rose by 11.69 percent and 13.02 percent, respectively, to $52.82 billion and $39.29 billion. Direct and portfolio investment assets also grew, reaching $17.33 billion and $4.58 billion, respectively. However, financial liabilities saw a rise, increasing to $174.29 billion in Q3 2024 from $167.88 billion in the preceding quarter. This was primarily due to a 4.64 percent increase in “other investment” liabilities, which climbed to $74.30 billion. Direct investment liabilities also rose to $68.66 billion, compared to $66.09 billion in Q2 2024, while portfolio investment liabilities increased slightly to $31.25 billion from $30.61 billion.
French President Emmanuel Macron named a new government Monday evening, putting together a team under Francois Bayrou, his fourth prime minister of the year, to drag the second-largest EU economy out of political crisis. Macron named former prime minister Elisabeth Borne, 63, education minister in a new cabinet under centrist Bayrou, announced Elysee secretary-general Alexis Kohler. Another former premier, Manuel Valls, 62, returned as overseas territories minister, while former interior minister Gerald Darmanin became justice minister. Both Defence Minister Sebastien Lecornu and Foreign Minister Jean-Noel Barrot kept their jobs, the presidency said. Lecornu, a 38-year-old loyalist with a keen political nose, has served in every government since Macron's first election as president in 2017. Conservative Interior Minister Bruno Retailleau, who has vowed to crack down on illegal immigration, and right-wing Culture Minister Rachida Dati, also stayed in their posts. The difficult job of delivering a budget plan for next year falls to Eric Lombard, head of public-sector lender Caisse des Depots (CDC), who was named economy minister. "I'm very proud of the team we're presenting this evening," Bayrou said on X, adding his "experienced" cabinet would aim to "rebuild trust". The inclusion of two former prime ministers indicates Macron's desire for a heavyweight government that will enjoy stability and not share the fate of Bayrou's predecessor, Michel Barnier, ousted in a no-confidence vote. Bayrou had hoped to bring in figures from the left, right and centre to protect his government from possible censure, but his 35-member team does not include any members of the left-wing coalition New Popular Front. Macron will assemble Bayrou's team on January 3 for a first Council of Ministers meeting, the presidency said. Barnier was brought down over his failure to win support for an austerity budget to shore up France's shaky finances with spending cuts and tax rises. The priority for 73-year-old Bayrou is to make sure his government can survive a no-confidence vote and that it passes a cost-cutting budget for 2025. The unexpected comeback of Valls, premier from 2014 to 2016, as the head of the overseas territories ministry indicates the importance of the post after authorities were strongly criticised for their response to the deadly cyclone on the Indian Ocean territory of Mayotte, which killed at least 35 people. Darmanin had long been known to covet the post of foreign minister, but after days of intense discussions will have to content himself with the justice ministry. Just before the official announcement, heavyweight right-wing politician Xavier Bertrand, who had been tipped for the health ministry, announced he would not be part of the government. He alleged that it had been formed with the implicit "backing" of far-right leader Marine Le Pen, who will play a key role in ensuring its survival. "The prime minister informed me this morning, contrary to what he had proposed yesterday, that he was no longer in a position to entrust me with responsibility for the justice ministry due to opposition from (Le Pen's) National Rally," Bertrand said in a statement. "Despite his new proposals, I refuse to take part in a government of France formed with the backing of Marine Le Pen." Bertrand is a major irritant for the far right, which he has long opposed. Le Pen on March 31, 2025 faces the verdict in an embezzlement trial on charges she denies. If convicted, she could lose the chance of standing in the 2027 elections and with it her best chance yet of winning the presidency. The announcement came as France observed a day of mourning for victims in cyclone-hit Mayotte, France's poorest overseas territory. Bayrou, the head of the centrist MoDem group, which is allied to Macron's party, was appointed on December 13. He is the sixth prime minister of Macron's mandate. Many already predict Bayrou will struggle to survive. France has been mired in deadlock since Macron gambled on snap elections this summer in the hopes of bolstering his authority. The move backfired, with voters electing a parliament fractured between three rival blocs. Le Pen suggested Macron has been weakened by months of political crisis and would eventually have to resign. "I am preparing for an early presidential election," she told French newspaper Le Parisien last week. bur-as/jhbCooper Rush is making a good case to stay as Dak Prescott's backup with Cowboys
The Associated Press NEW YORK (AP) — What a wonderful year 2024 has been for investors. U.S. stocks ripped higher and carried the S&P 500 to records as the economy kept growing and the Federal Reserve began cutting interest rates. The year featured many familiar winners, such as Big Tech, which got even bigger as their stock prices kept growing . But it wasn’t just Apple, Nvidia and the like. Bitcoin , gold and other investments also drove higher. Here’s a look at some of the numbers that defined the year. All are as of Dec. 20. Remember when President Bill Clinton got impeached or when baseball’s Mark McGwire hit his 70th home run against the Montreal Expos? That was the last time the U.S. stock market closed out a second straight year with a leap of at least 20%, something the S&P 500 is on track to do again this year. The index has climbed 24.3% so far this year, not including dividends, following last year’s spurt of 24.2%. The number of all-time highs the S&P 500 has set so far this year. The first came early, on Jan. 19, when the index capped a two-year comeback from the swoon caused by high inflation and worries that high interest rates instituted by the Federal Reserve to combat it would create a recession. But the index was methodical through the rest of the year, setting a record in every month outside of April and August, according to S&P Dow Jones Indices. The latest came on Dec. 6. The number of times the Federal Reserve has cut its main interest rate this year from a two-decade high, offering some relief to the economy. Expectations for those cuts, along with hopes for more in 2025, were a big reason the U.S. stock market has been so successful this year. The 1 percentage point of cuts, though, is still short of the 1.5 percentage points that many traders were forecasting for 2024 at the start of the year. The Fed disappointed investors in December when it said it may cut rates just two more times in 2025, fewer than it had earlier expected. That’s how many points the Dow Jones Industrial Average rose by the day after Election Day, as investors made bets on what Donald Trump’s return to the White House will mean for the economy and the world . The more widely followed S&P 500 soared 2.5% for its best day in nearly two years. Aside from bitcoin, stocks of banks and smaller winners were also perceived to be big winners. The bump has since diminished amid worries that Trump’s policies could also send inflation higher. The level that bitcoin topped to set a record above $108,000 this past month. It’s been climbing as interest rates come down, and it got a particularly big boost following Trump’s election. He’s turned around and become a fan of crypto, and he’s named a former regulator who’s seen as friendly to digital currencies as the next chair of the Securities and Exchange Commission, replacing someone who critics said was overly aggressive in his oversight. Bitcoin was below $17,000 just two years ago following the collapse of crypto exchange FTX. Gold’s rise for the year, as it also hit records and had as strong a run as U.S. stocks. Wars around the world have helped drive demand for investments seen as safe, such as gold. It’s also benefited from the Fed’s cut to interest rates. When bonds are paying less in interest, they pull away fewer potential buyers from gold, which pays investors nothing. It’s a favorite number of Elon Musk, and it’s also a threshold that Tesla’s stock price passed in December as it set a record. The number has a long history among marijuana devotees, and Musk famously said in 2018 that he had secured funding to take Tesla private at $420 per share . Tesla soared this year, up from less than $250 at the start, in part because of expectations that Musk’s close relationship with Trump could benefit the company. That’s how much revenue Nvidia made in the nine months through Oct. 27, showing how the artificial-intelligence frenzy is creating mountains of cash. Nvidia’s chips are driving much of the move into AI, and its revenue through the last nine months catapulted from less than $39 billion the year before. Such growth has boosted Nvidia’s worth to more than $3 trillion in total. GameStop’s gain on May 13 after Keith Gill, better known as “Roaring Kitty,” appeared online for the first time in three years to support the video game retailer’s stock, which he helped rocket to unimaginable heights during the “ meme stock craze ” in 2021. Several other meme stocks also jumped following his post in May on the social platform X, including AMC Entertainment. Gill later disclosed a sizeable stake in the online pet products retailer Chewy, but he sold all of his holdings by late October . That’s how much the U.S. economy grew, at annualized seasonally adjusted rates, in each of the three first quarters of this year. Such growth blew past what many pessimists were expecting when inflation was topping 9% in the summer of 2022. The fear was that the medicine prescribed by the Fed to beat high inflation — high interest rates — would create a recession. Households at the lower end of the income spectrum in particular are feeling pain now, as they contend with still-high prices. But the overall economy has remained remarkably resilient. This is the vacancy rate for U.S. office buildings — an all-time high — through the first three quarters of 2024, according to data from Moody’s. The fact the rate held steady for most of the year was something of a win for office building owners, given that it had marched up steadily from 16.8% in the fourth quarter of 2019. Demand for office space weakened as the pandemic led to the popularization of remote work. That’s the total number of previously occupied homes sold nationally through the first 11 months of 2024. Sales would have to surge 20% year-over-year in December for 2024’s home sales to match the 4.09 million existing homes sold in 2023, a nearly 30-year low. The U.S. housing market has been in a sales slump dating back to 2022, when mortgage rates began to climb from pandemic-era lows. A shortage of homes for sale and elevated mortgage rates have discouraged many would-be homebuyers.
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