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Stock market today: Stocks waver in thin trading after US markets reopen following a holiday pauseHow major US stock indexes fared Tuesday, 11/26/2024
OVBC stock hits 52-week high at $27.95 amid robust growthATLANTA — On Jan. 18 and 19 the AT&T Playoff Playlist Live! will be held at State Farm Arena in advance of the College Football Playoff national championship on Jan. 20. The star-studded lineup was announced Thursday at a news conference at Mercedes-Benz Stadium. Performances will include Lil Wayne and GloRilla on Saturday; and Camila Cabello, Myles Smith and Knox on Sunday. On game day, the Allstate Championship Tailgate, taking place just outside Mercedes-Benz Stadium in the Home Depot Backyard, will feature country acts on the Capital One Music Stage, including global superstar Kane Brown and iHeartCountry “On The Verge” artist Ashley Cooke. The concerts are just two of the festivities visiting fans can enjoy in the days leading up to the big game. The fan experience for both ticket holders and the general public has been a focus for event planners. All weekend long, an estimated 100,000 people from across the country are expected to attend fan events preceding kickoff. “It will be an opportunity for fans of all ages to come together to sample what college football is all about, and you don’t have to have a ticket to the game to be a part of it,” said Bill Hancock, executive director of the CFP in a press release. “We’ve worked closely with the Atlanta Football Host Committee to develop fan-friendly events that thousands will enjoy come January.” On Saturday, Jan. 18, Playoff Fan Central will open at the Georgia World Congress Center in downtown Atlanta. The free, family-friendly experience will include games, clinics, pep rallies, special guest appearances, autograph signings and exhibits celebrating college football and its history. That day, fans can also attend Media Day, presented by Great Clips, which will feature one-hour sessions with student-athletes and coaches from each of the College Football Playoff national championship participating teams. ESPN and social media giants X, Facebook, Instagram and TikTok will be taping live broadcasts from the event. On Sunday, Jan. 19, the Trophy Trot, both a 5K and 10K race, will wind its way through the streets of downtown Atlanta. Each Trophy Trot participant will receive a T-shirt and finisher’s medal. Participants can register at . On Sunday evening, the Georgia Aquarium will host the Taste of the Championship dining event, which offers attendees the opportunity to indulge in food and drink prepared by local Atlanta chefs. This premium experience serves as an elevated exploration of local cuisine on the eve of the national championship. Tickets to the Taste of the Championship event are available on . Atlanta is the first city ever to repeat as host for the CFP national championship. The playoff was previously held in Atlanta in 2018. “We are honored to be the first city to repeat as host for the CFP national championship and look forward to welcoming college football fans from around the country in January,” said Dan Corso, president of the Atlanta Sports Council and Atlanta Football Host Committee. “This event gives us another opportunity to showcase our incredible city.” The College Football Playoff is the event that crowns the national champion in college football. The quarterfinals and semifinals rotate annually among six bowl games — the Goodyear Cotton Bowl Classic, Vrbo Fiesta Bowl, Capital One Orange Bowl, Chick-fil-A Peach Bowl, Rose Bowl Game presented by Prudential and the Allstate Sugar Bowl. This year’s quarterfinals will take place on Dec. 31, 2024 and Jan. 1, 2025, while the semifinals will be Jan. 9-10, 2025. The CFP national championship will be Monday, Jan. 20, 2025, at Mercedes-Benz Stadium. For additional information on the College Football Playoff, visit .
Peeling Back The Layers: Exploring National Bank Holdings Through Analyst InsightsWATERTOWN, Mass., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Tectonic Therapeutic, Inc. (NASDAQ: TECX) (Tectonic), a clinical stage biotechnology company focused on the discovery and development of therapeutic proteins and antibodies that modulate the activity of G-protein coupled receptors (GPCRs), today announced that Alise Reicin, MD, President and Chief Executive Officer, will present at the Piper Sandler 36th Annual Healthcare Conference being held in New York on December 3-5, 2024. For more information regarding one-on-one meetings, please contact your Piper Sandler representative. The live webcast can also be accessed under “ Events & Presentations ” on the Investors section of the Tectonic website at www.tectonictx.com . Once the conference has concluded, a replay of the webcast will be available on the Company’s website for approximately 90 days. About Tectonic Tectonic is a clinical-stage biotechnology company focused on the discovery and development of therapeutic proteins and antibodies that modulate the activity of G-protein coupled receptors (GPCRs). Leveraging its proprietary GEODeTM (GPCRs Engineered for Optimal Discovery) technology platform, Tectonic is focused on developing biologic medicines that overcome the existing challenges of GPCR-targeted drug discovery and harness the human body to modify the course of disease. Tectonic focuses on areas of significant unmet medical need, often where therapeutic options are poor or nonexistent, as these are areas where new medicines have the potential to improve patient quality of life. Tectonic is headquartered in Watertown, Massachusetts. For more information, please visit www.tectonictx.com and follow on LinkedIn . Investors: Dan Ferry LifeSci Advisors daniel@lifesciadvisors.com (617) 430-7576 Media: Kathryn Morris The Yates Network kathryn@theyatesnetwork.com (914) 204-6412Five Below, Inc. Announces Third Quarter Fiscal 2024 Financial Results
AP News Summary at 2:04 p.m. ESTIsrael strikes Houthi rebels in Yemen's capital while the WHO chief says he was meters away JERUSALEM (AP) — A new round of Israeli airstrikes in Yemen have targeted the Houthi rebel-held capital of Sanaa and multiple ports. The World Health Organization’s director-general said the bombardment on Thursday took place just “meters away” as he was about to board a flight in Sanaa. He says a crew member was hurt. The strikes followed several days of Houthi attacks and launches setting off sirens in Israel. Israel's military says it attacked infrastructure used by the Houthis at the international airport in Sanaa, power stations and ports. The Israeli military later said it wasn’t aware that the WHO chief was at the location in Yemen. An uneasy calm settles over Syrian city of Homs after outbreak of sectarian violence HOMS, Syria (AP) — Syria’s new security forces checked IDs and searched cars in the central city of Homs a day after protests by members of the Alawite minority erupted in gunfire and stirred fears that the country’s fragile peace could break down. A tense calm prevailed Thursday after checkpoints were set up throughout the country’s third-largest city, which has a mixed population of Sunni and Shia Muslims, Alawites and Christians. The security forces are controlled by the former insurgent group Hayat Tahrir al-Sham, which led the charge that unseated former President Bashar Assad. The US says it pushed retraction of a famine warning for north Gaza. Aid groups express concern. WASHINGTON (AP) — U.S. officials say they asked for — and got — the retraction of an independent monitor's warning of imminent famine in north Gaza. The internationally Famine Early Warning System Network issued the warning this week. The new report had warned that starvation deaths in north Gaza could reach famine levels as soon as next month. It cited what it called Israel's “near-total blockade” of food and water. The U.S. ambassador to Israel, Jacob Lew, criticized the finding as inaccurate and irresponsible. The U.S. Agency for International Development, which funds the famine-monitoring group, told the AP it had asked for and gotten the report's retraction. USAID officials tell The Associated Press that it had asked the group for greater review of discrepancies in some of the data. Trump has pressed for voting changes. GOP majorities in Congress will try to make that happen ATLANTA (AP) — Republicans in Congress plan to move quickly in their effort to overhaul the nation’s voting procedures, seeing an opportunity with control of the White House and both chambers of Congress. They want to push through long-sought changes such as voter ID and proof-of-citizenship requirements. They say the measures are needed to restore public confidence in elections. That's after an erosion of trust that Democrats note has been fueled by false claims from Donald Trump and his allies of widespread fraud in the 2020 election. Democrats say they are willing to work with the GOP but want any changes to make it easier, not harder, to vote. Americans are exhausted by political news. TV ratings and a new AP-NORC poll show they're tuning out NEW YORK (AP) — A lot of Americans, after an intense presidential election campaign, are looking for a break in political news. That's evident in cable television news ratings and a poll from The Associated Press-NORC Center for Public Affairs Research. The poll found nearly two-thirds of Americans saying they've found the need recently to cut down on their consumption of political and government news. That's particularly true among Democrats following President-elect Donald Trump's victory, although a significant number of Republicans and independents feel the same way. Cable networks MSNBC and CNN are really seeing a slump. That's also happened in years past for networks that particularly appeal to supporters of one candidate. New York to charge fossil fuel companies for damage from climate change ALBANY, N.Y. (AP) — Large fossil fuel companies would have to pay fees to help New York fight the effects of climate change under a bill signed by Democratic Gov. Kathy Hochul. The governor signed the new law Thursday. It requires companies responsible for substantial greenhouse gas emissions to pay into a state infrastructure fund for repairs or projects that help avoid future damage from climate change. Lawmakers approved the bill earlier this year. It's meant to make big oil and gas companies contribute to the cost of repairs after extreme weather events or for resiliency projects. Such projects may include restoring coastal wetlands or upgrading roads, bridges and water drainage systems. Legal challenges to the new law are expected. Aviation experts say Russia's air defense fire likely caused Azerbaijan plane crash as nation mourns Aviation experts say that Russian air defense fire was likely responsible for the Azerbaijani plane crash the day before that killed 38 people and left all 29 survivors injured. Azerbaijan is observing a nationwide day of mourning on Thursday for the victims of the crash. Azerbaijan Airlines’ Embraer 190 was en route from Azerbaijan’s capital of Baku to the Russian city of Grozny in the North Caucasus on Wednesday when it was diverted for reasons yet unclear and crashed while making an attempt to land in Aktau in Kazakhstan. Cellphone footage circulating online appeared to show the aircraft making a steep descent before smashing into the ground in a fireball. Ukraine's military intelligence says North Korean troops are suffering heavy battlefield losses KYIV, Ukraine (AP) — Ukraine's military intelligence says North Korean troops are suffering heavy losses in Russia's Kursk region and face logistical difficulties as a result of Ukrainian attacks. The intelligence agency said Thursday that Ukrainian strikes near Novoivanovka inflicted heavy casualties on North Korean units. Ukraine's president said earlier this week that 3,000 North Korean troops have been killed and wounded in the fighting in the Kursk region. It marked the first significant estimate by Ukraine of North Korean casualties several weeks after Kyiv announced that North Korea had sent 10,000 to 12,000 troops to Russia to help it in the almost 3-year war. How the stock market defied expectations again this year, by the numbers 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 benchmark index posted its first back-to-back annual gains of more than 20% since 1998. 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 and gold surged and “Roaring Kitty” reappeared to briefly reignite the meme stock craze. Why this Mexican American woman played a vital role in the US sacramental peyote trade MIRANDO CITY, Texas (AP) — Amada Cardenas, a Mexican American woman who lived in the tiny border town of Mirando City in South Texas, played an important role in the history of the peyote trade. She and her husband were the first federally licensed peyote dealers who harvested and sold the sacramental plant to followers of the Native American Church in the 1930s. After her husband's death in 1967, Cardenas continued to welcome generations of Native American Church members to her home until her death in 2005, just before her 101st birthday.Stock market today: Stocks waver in thin trading after US markets reopen following a holiday pause
After 3 million meals, Mother’s, a gathering place for Ravens fans, will closeRates of infection for respiratory viruses are currently low in the U.S. but are starting to rise, according to the Centers for Disease Control and Prevention. Flu, COVID-19 and RSV spread more in fall and winter, especially during gatherings, travel and time spent indoors. Dr. Robert Jacobson, medical director of Mayo Clinic's Primary Care Immunization Program, says there are tools to help reduce the risk of becoming severely ill from these respiratory infections. "We're all at risk for getting the flu, and we can actually get (it) more than once a year. Every year, about 10% to 20% of us get the flu," Jacobson says. Along with the flu, COVID-19 and RSV are among the most common respiratory illnesses. These viruses share similar symptoms, risks and prevention strategies. Jacobson's No. 1 tip: Get vaccinated. "This is specific protection your body can make to protect you and your loved ones," he says. Experts recommend washing your hands with soap and water for at least 20 seconds several times a day. Adobe Stock Along with vaccination, Jacobson stresses the importance of hand-washing. Wash your hands with soap and water to help prevent the spread of germs. "Especially before you eat, when you come home from work, when you come home from bringing your child from day care — both of you should go to the sink — wash your hands with soap and water after using a bathroom, before serving other people food, after being with a group of people, shaking hands with people, wash your hands," he says. Listen now and subscribe: Apple Podcasts | Spotify | Stitcher | RSS Feed | SoundStack | All Of Our Podcasts Wash your hands well and often with soap and water for at least 20 seconds. If soap and water aren't available, use an alcohol-based hand sanitizer with at least 60% alcohol. Make sure friends and family whom you're around regularly, especially kids, know the importance of hand-washing. Tactics to avoid respiratory infections: 1. Avoid touching your face: Keeping your hands away from your eyes, nose and mouth helps keep germs away from those places. 2. Cover your coughs and sneezes: Cough or sneeze into a tissue or your elbow. Then wash your hands. 3. Clean surfaces: Regularly clean often-touched surfaces to prevent the spread of infection from touching a surface with the virus on it and then your face. 4. Avoid crowds: The flu spreads easily wherever people gather — in child care centers, schools, office buildings, auditoriums and on public transportation. By avoiding crowds during peak flu season, you lower your chances of infection. And if you get sick, stay home to avoid spreading infection to others.
Bad Bunny announces a new album, 'Debí Tirar Más Fotos'
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Originally appeared on E! Online Brandon Sklenar is showing his support for his castmate. > Philadelphia news 24/7: Watch NBC10 free wherever you are In a lengthy document filed last week with the California Civil Rights Department and obtained by E! News , Blake Lively accused her " It Ends With Us " costar and director Justin Baldoni of sexual harassment and spearheading a smear campaign as a retaliation for raising concerns about his behavior on set of the film. Now, Sklenar — who starred as Atlas Corrigan in the Colleen Hoover film adaptation alongside Lively (who played protagonist Lily Bloom) and Baldoni (Ryle Kincaid) — is breaking his silence on the accusations. In a message posted to his Instagram Story Dec. 23, the 1923 actor shared a link to a New York Times article that includes the entirety of Lively's legal complaint alongside a message, saying, "For the love of god read this." And to finish off his supportive note, Sklenar tagged Lively's social media handle and added a heart emoji next to it. PHOTOS It Ends With Us: Every Difference Between Book and Movie Sklenar isn't the only member of the "It Ends With Us" cast and crew to speak out on Lively's complaint, which accuses Badloni of sexually harassing her on the set of their film and also alleges that, after she raised her concerns about him to their production team, he retaliated against her by working with a crisis PR team to try to destroy her reputation . On the day the complaint was made public, Hoover — who, in addition to writing the "It Ends With Us" book series, served as an executive producer for the movie — shared her own message heartwarming message for Blake . "You have been nothing but honest, kind, supportive and patient since the day we met," the author wrote on her Instagram Stories Dec. 21, alongside a photo of herself and the "Sisterhood of the Traveling Pants" actress hugging in a theater. "Thank you for being exactly the human that you are. Never change. Never wilt." Additionally, Gwyneth Paltrow , Lively's "A Simple Favor" director Paul Feig and her "Sisterhood of the Traveling Pants" costars Amber Tamblyn, America Ferrera and Alexis Bleidel have all publicly showed support for her . As for Baldoni, he has denied all the accusations against him in a Dec. 21 statement made to The New York Times through his attorney Bryan Freedman, who described the complaint as "categorically false" and "yet another desperate attempt to 'fix' her negative reputation which was garnered from her own remarks and actions during the campaign for the film."James, Quigley and Hayes combine for 59 points as No. 20 NC State women beat Coastal Carolina 89-68U.S. President-elect Donald Trump on Wednesday tapped Jared Isaacman to lead NASA, selecting a billionaire private astronaut and business associate of Elon Musk to oversee an agency closely linked to the SpaceX founder's business. Isaacman, CEO of payment processing company Shift4 Payments, has flown to space twice on SpaceX capsules in fully private missions arranged by his Polaris program, working with Musk and spending hundreds of millions of dollars as a key customer of SpaceX's nascent private astronaut business. If confirmed by the Senate, Isaacman, who has no government or political experience, would oversee the National Aeronautics and Space Administration's roughly $25 billion budget. The agency's top priority has been returning humans to the moon under its Artemis program, an effort promoted by Trump during his first term that will lean heavily on SpaceX's Starship. "Jared will drive NASA's mission of discovery and inspiration, paving the way for groundbreaking achievements in Space science, technology, and exploration," Trump said in a post on his Truth Social platform. Trump's pick for NASA came months earlier than in past presidential transitions as Musk, SpaceX's CEO and founder as well as major donor to Trump's election campaign, has used his close proximity to the president-elect to discuss missions to Mars and other space exploration matters that could boost SpaceX. Trump attended SpaceX's sixth Starship test launch in Texas last month. Isaacman, 41, is expected to deepen the agency's strategy of depending on private companies for accessing space as a commercial service. This has posed an existential threat to NASA's Space Launch System rocket, a massive, over-budget launch vehicle built by Boeing and Northrop Grumman and a crucial element of its Artemis program alongside Starship. "Space holds unparalleled potential for breakthroughs in manufacturing, biotechnology, mining, and perhaps even pathways to new sources of energy," Isaacman said in a statement, adding he is "passionate about America leading the most incredible adventure in human history." Isaacman would also command the agency's aeronautics portfolio, which has been funding green aviation concepts, and a sprawling space science unit that in some areas has faced layoffs and budget cuts under Democratic President Joe Biden. NASA's last two appointed administrators were former politicians. Trump's first NASA chief, former Oklahoma congressman Jim Bridenstine, launched the Artemis program and persuaded Congress to increase the agency's budget to fund it. Biden appointed former U.S. Senator Bill Nelson of Florida to run NASA. Dozens of space industry veterans and lobbyists had recommended candidates for NASA chief including SpaceX's Kathy Lueders, who has overseen the company's Starship operation in Texas, and California Republican Representative Mike Garcia, who lost reelection last month, according to five people close to the nomination effort. Isaacman in September was one of four crew members to conduct the first-ever private spacewalk in orbit, using new SpaceX-built spacesuits in a novel mission he helped bankroll.‘Smishing’ and other scams could kill your holiday joy, Postal Service warns
Global Times: China’s aircraft carriers make confident strides toward blue waters, play pivotal role in national defenseArizona (7-8) at Los Angeles Rams (9-6) Saturday, 8:15 p.m. EST, NFL Network BetMGM NFL odds : Rams by 6 1/2. Against the spread: Cardinals 9-6; Rams 8-7. Series record: Rams lead 50-41-2. Last meeting: Cardinals beat Rams 41-10 in Glendale, Ariz. on Sept. 15. Last week: Cardinals lost to Carolina 36-30, OT; Rams beat New York Jets 19-9. Cardinals offense: overall (11), rush (5), pass (20), scoring (14). Cardinals defense: overall (20), rush (22), pass (13), scoring (T-13). Rams offense: overall (15), rush (20), pass (13), scoring (17). Rams defense: overall (24), rush (25), pass (19), scoring (21). Turnover differential: Cardinals minus-4; Rams plus-5. WR Marvin Harrison Jr. has had a relatively productive rookie season with 51 catches for 726 yards and seven touchdowns. But it’s also true that he hasn’t always looked like the true franchise changing force the Cardinals expected when they took him with the No. 4 overall pick. Arizona might be out of the playoff race, but Harrison’s development continues to be a major focus for the team down the stretch. RB Kyren Williams is coming off his best game of the season after rushing for 122 yards and a touchdown on 23 carries to help Los Angeles grind out a win at the Meadowlands. He hardly factored into the first meeting against Arizona, a game the Rams trailed 14-0 halfway into the first quarter and 24-3 at halftime, getting 12 carries and running for 25 yards and a touchdown behind a battered offensive line. Cardinals QB Kyler Murray vs. Rams defensive line. Los Angeles had no answers for Murray in September as he threw for 266 yards and three touchdowns without an interception and added 59 yards rushing. But their defensive front is much more cohesive than it was in the second week of the season, with rookies Jared Verse and Braden Fiske proving to be menaces in the backfield. If Murray feels that pressure and can’t keep his eyes downfield, the Rams will be in much better shape to limit Arizona’s passing game. The Cardinals have been beat up over the past two games. Both of the starting tackles — Paris Johnson Jr. (knee) and Jonah Williams (knee) — are out for the season after they were put on injured reserve this week. Others such as RB James Conner (knee), LB Baron Browning (neck), LB Mack Wilson Sr. (concussion) and DL Darius Robinson (calf) have been limited during practice. ... The Rams are in good shape, a far cry from where they were to start the season. RT Rob Havenstein was the only name on their injury report through Wednesday, when he was limited because of a shoulder injury. Arizona has not swept the season series since 2014 when the Rams were playing in St. Louis. ... The Rams and Cardinals have split the past four meetings. Arizona had dropped 11 of the previous 12 in the series. ... Los Angeles is 3-2 against Arizona since moving into SoFi Stadium in 2020, kickstarting its run to the Super Bowl after the 2021 season with a 34-11 win in an NFC wild-card game. The Cardinals have lost four of their past five games and were eliminated from the playoff race after last week’s 36-30 loss to the Carolina Panthers. The Cardinals have made the playoffs just once over the past nine seasons. That was in 2021 ... Harrison had four catches for 130 yards and two TDs vs. the Rams in Week 2. All of that production came in the span of seven plays in the first quarter. ... The Cardinals are No. 5 in the NFL with 145.8 yards rushing per game. They also rank No. 2 with 5.28 yards per carry. ... Chad Ryland has made 25 field goals since his debut in Week 5, which ranks fourth in the NFL over that span. ... Safety Budda Baker has a career-high 148 tackles this season, which broke his previous high of 147 set in 2019. ... James Conner has 1,500 yards from scrimmage this season, including 1,090 rushing and 410 receiving. ... Trey McBride has caught 91 passes this season, which is a franchise record at tight end for the Cardinals. ... The Rams can clinch a playoff spot with a win and either a Seahawks loss or tie or a series of results elsewhere to secure the strength of victory tiebreaker. ... Rams QB Matthew Stafford threw for 110 yards against the Jets. Los Angeles has won all four games this season where Stafford has finished with fewer than 200 yards through the air. ... WR Puka Nacua had a record-setting rookie season, but Arizona was the one team that kept him in check. Nacua made four catches in each of the two meetings in 2023, finishing with 26 and 27 yards. ... The Rams didn’t have LT Alaric Jackson (suspension), LG Steve Avila (knee) or Nacua (knee) in the Week 2 game against the Cardinals. ... Los Angeles has run for at least 132 yards in four straight games, with Williams accounting for at least 87 yards in each outing that span. Cooper Kupp likely sank many a fantasy title push with his limited production over the past month, and the Rams WR should remain on benches this week for any owners still in the mix. Kupp has topped 44 yards receiving once in his past five games against Arizona. AP NFL: https://apnews.com/hub/NFL
Gibson Energy Announces Contract Extension at Gateway, Sanctioning of the Gateway Dredging Project and $200 million in 2025 Growth Capital & Share BuybacksThe Democratic Party has long since degenerated into a cult united primarily by members’ unhinged hatred of President-elect Donald Trump. Recently, however, a few signs have emerged suggesting that some Democrats have grown tired of their party’s anti-Trump obsession. In a Sunday interview with ABC’s Jonathan Karl on “This Week,” Democratic Sen. John Fetterman of Pennsylvania urged fellow Democrats to “chill out” and even expressed “no regrets” at having met with Trump’s Cabinet picks, including Secretary of Defense nominee Pete Hegseth and FBI Director nominee Kash Patel. “I have met with all of them so far,” Fetterman said. “And the ones that we haven’t, they’re on the schedule back in January.” Karl then asked if Fetterman regarded as qualified, to which the senator replied, “We’re gonna learn more.” Fetterman’s full comments, however, suggested that Democrats cannot rely on him to vote against Hegseth. “The president picked these people,” the Pennsylvania senator said. “Not gonna be my first choice, second choice, third choice, but that’s democracy.” “And, to me, it would be distressing if he is confirmed, if the Democrats are gonna turn our back collectively to the leader of Defense. That’s astonishing, and that’s dangerous,” he added. Fetterman expressed similar openness following his meeting with . In that meeting, for instance, the two men talked about immigration-related stories in their respective families. “I have learned things, and I have heard things, and I have no regrets,” the senator said. Indeed, the entire tone of the interview suggested, at minimum, an eagerness to avoid appearances of anti-Trump hostility. “I’ve been warning people, like, ‘You gotta chill out,'” Fetterman said of the Trump Derangement Syndrome that has plagued many in his party since 2016. The senator also pledged to root for Trump, whom he called a “singular political talent.” Readers may watch the entire interview in the YouTube video below. Fetterman’s comments on Hegseth and Patel began around the 6:30 mark. Cynics, of course, might speculate that simply sees the political writing on the wall. “The support’s astonishing,” he said of voters’ enthusiasm for Trump in “red” Pennsylvania counties. According to the , in the 2024 election Trump won the swing state by more than 120,000 votes. Thus, a Pennsylvania senator calculating his own political future might want to get on Trump’s good side. On the other hand, to view things less cynically, senators absolutely should consider their constituents’ views. In that sense, self-interest and proper public service should dovetail. And on the issue of Trump’s Cabinet picks, at least, it appears that they have done so in Fetterman. Moreover, the Pennsylvania senator reflects a segment inside the Democratic Party that has of fighting Trump. Opposing the president-elect where necessary is one thing, but the over-the-top anti-Trump rhetoric has left them exhausted. That fact alone suggests that even Trump’s most anti-establishment nominees might win unexpected support from a small number of dissident Democrats. We are committed to truth and accuracy in all of our journalism. Advertise with The Western Journal and reach millions of highly engaged readers, while supporting our work. . For more A.F. Branco cartoons, go to WesternJournal.com/cartoons.
SEATTLE , Nov. 26, 2024 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) today reported third quarter net earnings of $46 million , or earnings per diluted share ("EPS") of $0.27 , and earnings before interest and taxes ("EBIT") of $83 million . Excluding a charge related to accelerated technology depreciation, the Company reported adjusted EBIT of $97 million and adjusted EPS of $0.33 .[1] For the third quarter ended November 2, 2024, net sales increased 4.6 percent versus the same period in fiscal 2023, and total Company comparable sales increased 4.0 percent. Gross merchandise value ("GMV") increased 5.3 percent. Anniversary Sale timing, with one week shifting from the third quarter to the second quarter, had a negative impact of approximately 100 basis points on net sales compared with 2023. During the quarter, Nordstrom banner net sales increased 1.3 percent and comparable sales increased 4.0 percent. Net sales for Nordstrom Rack increased 10.6 percent and comparable sales increased 3.9 percent. "The continued sales growth across the company and strong gross margin in the third quarter indicate our team's focus and efforts are working," said Erik Nordstrom , chief executive officer of Nordstrom, Inc. "Our customers have a lot of choices, and our results give us encouragement that we're on the right path. Looking ahead, we'll continue to improve our shopping experience as we strive to maintain the positive momentum we've worked towards all year." In the third quarter, women's apparel and active had double-digit growth, and shoes, men's apparel and kids were up mid to high single-digits, versus 2023. Growth in women's apparel, shoes and men's apparel accelerated sequentially from the second quarter. "Our third quarter results demonstrate that our strategic focus on curating a compelling brand assortment is resonating with customers," said Pete Nordstrom , president of Nordstrom, Inc. "Our actions throughout this year have led to this moment, and we feel well-positioned for a successful holiday season and look forward to helping our customers celebrate the moments that matter. I'm grateful to our dedicated team for consistently delivering the high level of service our customers have come to expect from Nordstrom." As previously announced, the board of directors declared a quarterly cash dividend of $0.19 per share, payable on December 18, 2024, to shareholders of record at the close of business on December 3, 2024. THIRD QUARTER 2024 SUMMARY STORES UPDATE To date in fiscal 2024, the Company has opened 23 stores: City Location Square Footage (000s) Timing of Opening Nordstrom Rack Pinole, CA Pinole Vista Crossing 23 March 7, 2024 Snellville, GA Presidential Markets 35 March 7, 2024 Kennesaw, GA Barrett Place 25 March 21, 2024 Macedonia, OH Macedonia Gateway 28 April 11, 2024 Gilroy, CA Gilroy Crossing 25 April 25, 2024 Jacksonville Beach, FL South Beach Regional 30 May 2, 2024 Queen Creek, AZ Queen Creek Marketplace 28 May 16, 2024 Elk Grove, CA The Ridge Elk Grove 25 May 30, 2024 Wheaton, IL Danada Square East 29 May 30, 2024 Oceanside, CA Pacific Coast Plaza 32 June 6, 2024 Bay Shore, NY Gardiner Manor Mall 24 June 13, 2024 San Antonio, TX Bandera Pointe 24 September 5, 2024 Franklin, TN Cool Springs Market 24 September 5, 2024 San Mateo, CA Bridgepointe Shopping Center 36 September 12, 2024 San Diego, CA Clairemont Town Square 25 September 19, 2024 Mooresville, NC Mooresville Crossing 28 September 26, 2024 Houston, TX Meyerland Plaza 34 September 26, 2024 Mason, OH Deerfield Towne Center 30 October 3, 2024 Raleigh, NC Triangle Town Place 32 October 10, 2024 Fort Myers, FL Bell Tower 31 October 17, 2024 Noblesville, IN Hamilton Town Center 25 October 17, 2024 Omaha, NE Village Pointe 30 October 24, 2024 Tarzana, CA Village Walk 25 November 1, 2024 The Company has also announced plans to open the following stores: City Location Square Footage (000s) Timing of Opening Nordstrom Rack Davis, CA The Davis Collection 25 Spring 2025 Matthews, NC Sycamore Commons 25 Spring 2025 Geneva, IL Randall Square 25 Spring 2025 Manalapan Township, NJ Manalapan Commons 26 Spring 2025 Apple Valley, MN Fischer Marketplace 30 Spring 2025 Houston, TX Westchase Shopping Center 30 Spring 2025 Morrisville, NC Park West Village 25 Spring 2025 Coral Springs, FL Pine Ridge Square 31 Fall 2025 Surprise, AZ Prasada North 26 Fall 2025 Holbrook, NY The Shops at SunVet 27 Fall 2025 Hyannis, MA The Landing at Hyannis 25 Fall 2025 Prosper, TX The Gates of Prosper 26 Fall 2025 Melbourne, FL The Avenue Viera 24 Fall 2025 Meridian, ID The Village at Meridian 25 Fall 2025 Lakeland, FL Lakeside Village 30 Fall 2025 Sarasota, FL Sarasota Pavilion 27 Spring 2026 The Company had the following store counts as of quarter-end: November 2, 2024 October 28, 2023 Nordstrom Nordstrom 93 93 Nordstrom Local service hubs 6 6 ASOS | Nordstrom — 1 Nordstrom Rack Nordstrom Rack 280 258 Last Chance clearance stores 2 2 Total 381 360 Gross store square footage 26,874,000 26,305,000 During the third quarter, the Company closed one Nordstrom Rack store. FISCAL YEAR 2024 OUTLOOK The Company updated its financial outlook for fiscal 2024, which reflects the estimated accelerated technology depreciation impacts expected in the fourth quarter of fiscal 2024: CONFERENCE CALL INFORMATION The Company's senior management will host a conference call to provide a business update and to discuss third quarter 2024 financial results and fiscal 2024 outlook at 4:45 p.m. EST today. To listen to the live call online and view the speakers' prepared remarks and the conference call slides, visit the Investor Relations section of the Company's corporate website at investor. nordstrom .com . An archived webcast with the speakers' prepared remarks and the conference call slides will be available in the Quarterly Results section for one year. Interested parties may also dial 201-689-8354. A telephone replay will be available beginning approximately three hours after the conclusion of the call by dialing 877-660-6853 or 201-612-7415 and entering Conference ID 13750079, until the close of business on December 3, 2024. ABOUT NORDSTROM At Nordstrom, Inc. (NYSE: JWN), we exist to help our customers feel good and look their best. Since starting as a shoe store in 1901, how to best serve customers has been at the center of every decision we make. This heritage of service is the foundation we're building on as we provide convenience and true connection for our customers. Our interconnected model enables us to serve customers when, where and how they want to shop – whether that's in-store at more than 350 Nordstrom, Nordstrom Local and Nordstrom Rack locations or digitally through our Nordstrom and Rack apps and websites. Through it all, we remain committed to leaving the world better than we found it. Certain statements in this press release contain or may suggest "forward-looking" information (as defined in the Private Securities Litigation Reform Act of 1995) that involves risks and uncertainties that could cause results to be materially different from expectations. The words "will," "may," "designed to," "outlook," "believes," "should," "targets," "anticipates," "assumptions," "plans," "expects" or "expectations," "intends," "estimates," "forecasts," "guidance" and similar expressions identify certain of these forward-looking statements. The Company also may provide forward-looking statements in oral statements or other written materials released to the public. All statements contained or incorporated in this press release or in any other public statements that address such future events or expectations are forward-looking statements. Important factors that could cause actual results to differ materially from these forward-looking statements are detailed in the Company's Annual Report on Form 10-K for the fiscal year ended February 3, 2024, our Form 10-Q for the fiscal quarter ended May 4, 2024 , our Form 10-Q for the fiscal quarter ended August 3, 2024 and our Form 10-Q for the fiscal quarter ended November 2, 2024 , to be filed with the SEC on or about December 5, 2024 . In addition, forward-looking statements contained in this release may be impacted by the actual outcome of events or occurrences related to the Company's announcement of the exploration of possible avenues to enhance shareholder value, including consideration by a special committee of the board of directors of a proposal brought forward by members of the Nordstrom family to take the Company private. These forward-looking statements are not guarantees of future performance and speak only as of the date made, and, except as required by law, the Company undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events, new information or future circumstances. In addition, the actual timing, price, manner and amounts of future share repurchases, if any, will be subject to the discretion of our board of directors, contractual commitments, market and economic conditions and applicable Securities and Exchange Commission rules. This earnings release includes references to websites, website addresses and additional materials, including reports and blogs, found on those websites. The content of any websites and materials named, hyperlinked or otherwise referenced in this earnings release are not incorporated by reference into this earnings release or in any other report or document we file with the SEC, and any references to such websites and materials are intended to be inactive textual references only. The information on those websites is not part of this earnings release. NORDSTROM, INC. CONSOLIDATED STATEMENTS OF EARNINGS (unaudited; amounts in millions, except per share amounts) Quarter Ended Nine Months Ended November 2, 2024 October 28, 2023 November 2, 2024 October 28, 2023 Net sales $3,347 $3,200 $10,353 $9,926 Credit card revenues, net 117 120 339 347 Total revenues 3,464 3,320 10,692 10,273 Cost of sales and related buying and occupancy costs (2,156) (2,080) (6,760) (6,488) Selling, general and administrative expenses (1,225) (1,163) (3,680) (3,466) Canada wind-down costs — 25 — (284) Earnings before interest and income taxes 83 102 252 35 Interest expense, net (26) (24) (79) (78) Earnings (loss) before income taxes 57 78 173 (43) Income tax (expense) benefit (11) (11) (45) 43 Net earnings $46 $67 $128 $— Earnings per share: Basic $0.28 $0.41 $0.78 $— Diluted $0.27 $0.41 $0.76 $— Weighted-average shares outstanding: Basic 164.6 162.0 164.0 161.5 Diluted 169.8 163.6 168.1 161.5 Percent of net sales: Gross profit 35.6 % 35.0 % 34.7 % 34.6 % Selling, general and administrative expenses 36.6 % 36.3 % 35.5 % 34.9 % Earnings before interest and income taxes 2.5 % 3.2 % 2.4 % 0.4 % NORDSTROM, INC. CONSOLIDATED BALANCE SHEETS (unaudited; amounts in millions) November 2, 2024 February 3, 2024 October 28, 2023 Assets Current assets: Cash and cash equivalents $397 $628 $375 Accounts receivable, net 544 334 322 Merchandise inventories 2,780 1,888 2,626 Prepaid expenses and other current assets 311 286 392 Total current assets 4,032