WEST PALM BEACH, Fla. (AP) — President-elect Donald Trump on Saturday threatened 100% tariffs against a bloc of nine nations if they act to undermine the U.S. dollar. His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates. Turkey, Azerbaijan and Malaysia have applied to become members and several other countries have expressed interest in joining. While the U.S. dollar is by far the most-used currency in global business and has survived past challenges to its preeminence, members of the alliance and other developing nations say they are fed up with America’s dominance of the global financial system . Trump, in a Truth Social post, said: “We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs, and should expect to say goodbye to selling into the wonderful U.S. Economy." At a summit of BRIC nations in October, Russian President Vladimir Putin accused the U.S. of “weaponizing” the dollar and described it as a “big mistake.” “It’s not us who refuse to use the dollar,” Putin said at the time. “But if they don’t let us work, what can we do? We are forced to search for alternatives.” Russia has specifically pushed for the creation of a new payment system that would offer an alternative to the global bank messaging network, SWIFT, and allow Moscow to dodge Western sanctions and trade with partners. Trump said there is "no chance" BRIC will replace the U.S. dollar in global trade and any country that tries to make that happen "should wave goodbye to America.”
Monolithic Power Systems, Inc. ( NASDAQ:MPWR – Get Free Report ) announced a quarterly dividend on Friday, December 13th, RTT News reports. Investors of record on Tuesday, December 31st will be paid a dividend of 1.25 per share by the semiconductor company on Wednesday, January 15th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Tuesday, December 31st. Monolithic Power Systems has increased its dividend payment by an average of 26.0% per year over the last three years. Monolithic Power Systems has a dividend payout ratio of 30.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Monolithic Power Systems to earn $13.34 per share next year, which means the company should continue to be able to cover its $5.00 annual dividend with an expected future payout ratio of 37.5%. Monolithic Power Systems Trading Down 1.2 % NASDAQ:MPWR opened at $612.70 on Friday. Monolithic Power Systems has a 1-year low of $546.71 and a 1-year high of $959.64. The firm has a market capitalization of $29.89 billion, a price-to-earnings ratio of 69.08, a PEG ratio of 2.90 and a beta of 1.05. The business’s 50-day moving average price is $668.38 and its two-hundred day moving average price is $797.50. Wall Street Analysts Forecast Growth MPWR has been the topic of several analyst reports. TD Cowen cut their target price on shares of Monolithic Power Systems from $1,100.00 to $975.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Oppenheimer reiterated an “outperform” rating and set a $900.00 target price on shares of Monolithic Power Systems in a report on Monday, November 11th. Loop Capital raised Monolithic Power Systems from a “hold” rating to a “buy” rating and set a $660.00 target price for the company in a research note on Monday, November 18th. Stifel Nicolaus raised their price target on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, Needham & Company LLC decreased their price objective on Monolithic Power Systems from $950.00 to $600.00 and set a “buy” rating for the company in a research report on Friday, November 22nd. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $828.67. Check Out Our Latest Analysis on Monolithic Power Systems Insiders Place Their Bets In related news, EVP Deming Xiao sold 866 shares of Monolithic Power Systems stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $765.14, for a total value of $662,611.24. Following the sale, the executive vice president now owns 162,239 shares of the company’s stock, valued at approximately $124,135,548.46. The trade was a 0.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, CFO Theodore Blegen sold 2,500 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $600.00, for a total value of $1,500,000.00. Following the transaction, the chief financial officer now directly owns 53,444 shares of the company’s stock, valued at $32,066,400. This trade represents a 4.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders sold a total of 20,100 shares of company stock valued at $17,153,021 in the last quarter. 3.70% of the stock is currently owned by insiders. Monolithic Power Systems Company Profile ( Get Free Report ) Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications. Further Reading Receive News & Ratings for Monolithic Power Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monolithic Power Systems and related companies with MarketBeat.com's FREE daily email newsletter .Annual Toy Drive Games at MVHS
Austin, TX, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Digital Brands Group, Inc. (“DBG”) (NASDAQ: DBGI), a curated collection of luxury lifestyle brands, today announces the first 45 day results since it entered into a marketing partnership on October 21, 2024, with VAYNERCOMMERCE, https://vaynercommerce.com/ . VAYNERCOMMERCE is a full service digital growth agency created by Gary Vaynerchuk, also known as GARYVEE. VAYNERCOMMERCE’s services aim to help digital companies scale their online presence and revenues. This partnership has already led to a 224% increase in daily digital revenues during the 45 day period (October 22 nd , 2024 to December 5th, 2024) after VAYNERCOMMERCE began providing DBG with digital marketing services versus the prior 45 day period from September 6th nd to October 21 st . “We made the decision to outsource digital marketing services to VAYNERCOMMERCE based on their reputation in the industry. We felt that we could benefit from an outside performance driven marketing solution team that can focus its efforts on improving our marketing campaigns. We have just begun this journey with them and are already experiencing an increase in our results,” said Hil Davis, Chief Executive Officer of Digital Brands Group. Forward-looking Statements Certain statements included in this release are "forward-looking statements" within the meaning of the federal securities laws. Forward-looking statements are made based on our expectations and beliefs concerning future events impacting DBG and therefore involve several risks and uncertainties. You can identify these statements by the fact that they use words such as “will,” “anticipate,” “estimate,” “expect,” “should,” and “may” and other words and terms of similar meaning or use of future dates, however, the absence of these words or similar expressions does not mean that a statement is not forward-looking. All statements regarding DBG’s plans, objectives, projections and expectations relating to DBG’s operations or financial performance, and assumptions related thereto are forward-looking statements. We caution that forward-looking statements are not guarantees and that actual results could differ materially from those expressed or implied in the forward-looking statements. DBG undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Potential risks and uncertainties that could cause the actual results of operations or financial condition of DBG to differ materially from those expressed or implied by forward-looking statements include, but are not limited to: risks arising from the widespread outbreak of an illness or any other communicable disease, or any other public health crisis, including the coronavirus (COVID-19) global pandemic; the level of consumer demand for apparel and accessories; disruption to DBGs distribution system; the financial strength of DBG’s customers; fluctuations in the price, availability and quality of raw materials and contracted products; disruption and volatility in the global capital and credit markets; DBG’s response to changing fashion trends, evolving consumer preferences and changing patterns of consumer behavior; intense competition from online retailers; manufacturing and product innovation; increasing pressure on margins; DBG’s ability to implement its business strategy; DBG’s ability to grow its wholesale and direct-to-consumer businesses; retail industry changes and challenges; DBG’s and its vendors’ ability to maintain the strength and security of information technology systems; the risk that DBG’s facilities and systems and those of our third-party service providers may be vulnerable to and unable to anticipate or detect data security breaches and data or financial loss; DBG’s ability to properly collect, use, manage and secure consumer and employee data; stability of DBG’s manufacturing facilities and foreign suppliers; continued use by DBG’s suppliers of ethical business practices; DBG’s ability to accurately forecast demand for products; continuity of members of DBG’s management; DBG’s ability to protect trademarks and other intellectual property rights; possible goodwill and other asset impairment; DBG’s ability to execute and integrate acquisitions; changes in tax laws and liabilities; legal, regulatory, political and economic risks; adverse or unexpected weather conditions; DBG's indebtedness and its ability to obtain financing on favorable terms, if needed, could prevent DBG from fulfilling its financial obligations; and climate change and increased focus on sustainability issues. More information on potential factors that could affect DBG’s financial results is included from time to time in DBG’s public reports filed with the SEC, including DBG’s Annual Report on Form 10-K, and Quarterly Reports on Form 10-Q, and Forms 8-K filed or furnished with the SEC. About Digital Brands Group We offer a wide variety of apparel through numerous brands on a both direct-to-consumer and wholesale basis. We have created a business model derived from our founding as a digitally native-first vertical brand. We focus on owning the customer's "closet share" by leveraging their data and purchase history to create personalized targeted content and looks for that specific customer cohort. Digital Brands Group, Inc. Company Contact Hil Davis , CEO Email: invest@digitalbrandsgroup.co Phone: (800) 593-1047 SOURCE Digital Brands Group, Inc. Related Links https://ir.digitalbrandsgroup.coU.S. District Court Upholds Validity of CINVANTI® Patents
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DENVER — Bo Nix's escape from football over the bye week naturally involved more football. The Denver Broncos rookie quarterback watched his father coach in the Alabama state title game and his brothers (Caleb Nix at Clemson, Tez Johnson at Oregon) win conference championship games within moments of each other. Now, it's back to the task at hand — helping the Broncos (8-5) end a long playoff drought. They can take a big step toward that goal with a win over Indianapolis (6-7) on Sunday. Entering Week 15, Denver is in the seventh and final playoff spot in the AFC, with the Colts right behind. Should the Broncos emerge victorious, they have an 89% probability of making the postseason for the first time since winning Super Bowl 50 following the 2015 season. Should they lose, it dips to 47%. "It's a group that I think understands that," said Broncos coach Sean Payton, whose team has a chance to clinch a winning season for the first time since 2016. This is desperate times for the Colts, too, who would see their playoff probability drop to 7% with a loss Sunday. "This is the exact place I want to be at, at this point in the season," Indy linebacker Zaire Franklin said. "We're in December, playing a game that means something against an opponent that matters. The way I look at it, what will the narrative be after we win? What's that moment going to feel like after you overcome such a challenge? "Obviously, cameras, great team, playing great football right now and the bonus is it's a great opportunity." Franklin and the Colts defense will be looking to corral Nix, who leads all rookies in completions (277), yards passing (2,842), offensive touchdowns (22) and passing touchdowns (17). Nix stressed that his team is locked in for the stretch run. "Everybody's into it," Nix said of the playoff push. "Everybody's excited to make this run here the last four games of the regular season. I think that's a good sign of a good team when you have that edge to you. You don't really need guys telling you to lock (in). You just kind of have that mindset. (We are a) very mature, focused and competitive team right now." His QB counterpart, Anthony Richardson, is locked in, too. He's going against a formidable Broncos defense led by Pat Surtain II and pass rusher Nik Bonitto. Denver's looking for a bounce-back performance after allowing Jameis Winston to throw for a Browns-record 497 yards passing and former Broncos wideout Jerry Jeudy to go for a career-best 235 yards receiving in Denver's 41-32 win just before the bye. "It's our game we have to play," Richardson said. "Go out there and execute each and every play, and just play our game." Indy has been mixing and matching its offensive line starters ever since Pro Bowl center Ryan Kelly went down with a knee injury in early October. That's not expected to change this week, even if Kelly returns to the lineup. Kelly was designated for return from injured reserve Wednesday and could play Sunday. If not, rookie Tanor Bortolini, who has been cleared from the concussion protocol, could start at center. Undrafted rookie Dalton Tucker has replaced injured right guard Will Fries in the lineup, and rookie Matt Goncalves could fill in for right tackle Braden Smith, who is expected to miss his second straight game because of a personal matter. The Colts and Broncos both took last weekend off after being given the latest possible byes on the schedule. While Colts coach Shane Steichen wasn't sure about the impact of a Week 14 bye, he's found some significant benefit to a short December break. "You always wonder about it (a late bye)," he said before Wednesday's practice. "But it gives us an opportunity to get healthy. Like I said, playing football in December is huge for us and getting those guys back when you have such a late bye helps." Franklin has had a league-high 480 tackles over the past three seasons, but this week the team captain is playing a different role off the field — adviser. Franklin's experience playing in Denver — he played there in a 12-9 overtime win in 2022 — has prompted teammates to ask about the one inescapable fact of the Mile High City — the elevation. "I've given them a couple of tips here and there," Franklin said. "But everybody's body is different. Some guys may get sick. You almost don't really know how your body's going to react to it." Surtain took tremendous pride in recently being named the AFC defensive player of the month. He's the first Broncos cornerback to earn the award since Pro Football Hall of Famer Champ Bailey in October 2006. Surtain had quite a month of November, playing 140 total coverage snaps and allowing just nine receptions for 55 yards, according to NextGen Stats. "It shows the work I put in prior to that month," Surtain said. "It's something that I took a huge account in for sure." The Broncos have their hands full trying to stop Richardson's designed runs and tailback Jonathan Taylor, who has rushed for 804 yards this season. "There are a number of things that can stress you," Payton said. "It presents a completely ... different challenge than weeks prior."
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