Bank Asia aims to give half of its loans to SME, retailSANTA CLARA, Calif., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Agora, Inc. (NASDAQ: API) (the “Company”), a pioneer and leader in real-time engagement technology, today announced its unaudited financial results for the third quarter ended September 30, 2024. “Recently, we launched our Conversational AI SDK in collaboration with OpenAI’s Realtime API to allow developers to bring voice-driven AI experiences to any app. We believe multimodal AI agents that can interact with human through natural voice will gain widespread adoption across many use cases such as customer support, education and wellness, and Agora is well positioned to become a key infrastructure provider for real-time conversational AI,” said Tony Zhao, founder, chairman and CEO of Agora. “To support this vision, we recently made some structural changes, aligning our organization to fully leverage the accelerating conversational AI opportunities, and operate in a faster, leaner, and more responsive fashion. These changes will help us build the next generation real-time engagement technology for the Generative AI era and strengthen our position as the leader in real-time engagement space.” Third Quarter 2024 Highlights Total revenues for the quarter were $31.6 million, a decrease of 9.8% from $35.0 million in the third quarter of 2023, which included decreased revenue from certain end-of-sale products of $2.4 million. Agora: $15.7 million for the quarter, an increase of 2.6% from $15.3 million in the third quarter of 2023. Shengwang: RMB112.9 million ($15.9 million) for the quarter, a decrease of 20.0% from RMB141.2 million ($19.7 million) in the third quarter of 2023, which included decreased revenue from certain end-of-sale products of RMB17.5 million ($2.4 million). Active Customers Agora: 1,762 as of September 30, 2024, an increase of 5.9% from 1,664 as of September 30, 2023. Shengwang: 3,641 as of September 30, 2024, a decrease of 9.7% from 4,034 as of September 30, 2023. Dollar-Based Net Retention Rate Agora: 94% for the trailing 12-month period ended September 30, 2024. Shengwang: 78% for the trailing 12-month period ended September 30, 2024. Net loss for the quarter was $24.2 million, which included expenses of $11.4 million in relation to the cancellation of certain employees’ equity awards, severance expenses of $4.8 million, and losses from equity in affiliates of $4.2 million, compared to net loss of $22.5 million in the third quarter of 2023. After excluding share-based compensation expenses, acquisition related expenses, amortization expenses of acquired intangible assets and income tax related to acquired intangible assets, non-GAAP net loss for the quarter was $10.4 million, compared to the non-GAAP net loss of $15.6 million in the third quarter of 2023. Total cash, cash equivalents, bank deposits and financial products issued by banks as of September 30, 2024 was $362.6 million. Net cash used in operating activities for the quarter was $4.6 million, compared to $3.0 million in the third quarter of 2023. Free cash flow for the quarter was negative $6.0 million, compared to negative $3.2 million in the third quarter of 2023. Third Quarter 2024 Financial Results Revenues Total revenues were $31.6 million in the third quarter of 2024, a decrease of 9.8% from $35.0 million in the same period last year. Revenues of Agora were $15.7 million in the third quarter of 2024, an increase of 2.6% from $15.3 million in the same period last year, primarily due to our business expansion and usage growth in sectors such as live shopping. Revenues of Shengwang were RMB112.9 million ($15.9 million) in the third quarter of 2024, a decrease of 20.0% from RMB141.2 million ($19.7 million) in the same period last year, primarily due to a decrease in revenues of RMB 17.5 million ($2.4 million) due to the end-of-sale of certain products and reduced usage from customers in certain sectors such as social and entertainment as a result of challenging macroeconomic and regulatory environment. Cost of Revenues Cost of revenues was $10.5 million in the third quarter of 2024, a decrease of 16.4% from $12.6 million in the same period last year, primarily due to the end-of-sale of certain products and the decrease in bandwidth usage and costs, which was offset partially by severance expenses for customer support teams of $0.3 million. Gross Profit and Gross Margin Gross profit was $21.0 million in the third quarter of 2024, a decrease of 6.1% from $22.4 million in the same period last year. Gross margin was 66.7% in the third quarter of 2024, an increase of 2.7% from 64.0% in the same period last year, mainly due to the end-of-sale of certain low-margin products, which was offset partially by higher severance expenses in the third quarter of 2024. Operating Expenses Operating expenses were $45.9 million in the third quarter of 2024, an increase of 24.3% from $36.9 million in the same period last year, primarily due to the increase in restructuring and severance expenses in the third quarter of 2024, which included share-based compensation of $11.4 million as a result of the cancellation of certain employees’ equity awards and immediate recognition of relevant remaining unrecognized compensation expenses, as well as severance expenses of $4.4 million. Research and development expenses were $29.3 million in the third quarter of 2024, an increase of 46.1% from $20.0 million in the same period last year, primarily due to restructuring and severance expenses in the third quarter of 2024, including share-based compensation of $9.0 million due to equity award cancellation and severance expenses of $3.6 million. Sales and marketing expenses were $6.9 million in the third quarter of 2024, a decrease of 11.9% from $7.8 million in the same period last year, primarily due to a decrease in personnel costs as the Company optimized its global workforce, which was offset partially by severance expenses of $0.7 million in the third quarter of 2024. General and administrative expenses were $9.7 million in the third quarter of 2024, an increase of 7.4% from $9.1 million in the same period last year, primarily due to restructuring and severance expenses in the third quarter of 2024, including share-based compensation of $2.4 million as a result of the equity award cancellation, which was offset partially by a decrease in personnel costs as the Company optimized its global workforce. Loss from Operations Loss from operations was $24.7 million in the third quarter of 2024, compared to $13.9 million in the same period last year. Interest Income Interest income was $3.9 million in the third quarter of 2024, compared to $4.9 million in the same period last year, primarily due to the decrease in the average balance of cash, cash equivalents, bank deposits and financial products issued by banks and the decrease in average interest rate realized. Losses from equity in affiliates Losses from equity in affiliates were $4.2 million in the third quarter of 2024, primarily due to an impairment loss on an investment in certain private company of $4.1 million. Net Loss Net loss was $24.2 million in the third quarter of 2024, compared to $22.5 million in the same period last year. Net Loss per American Depositary Share attributable to ordinary shareholders Net loss per American Depositary Share (“ADS”)1 attributable to ordinary shareholders was $0.26 in the third quarter of 2024, compared to $0.23 in the same period last year. 1 One ADS represents four Class A ordinary shares. Share Repurchase Program During the three months ended September 30, 2024, the Company repurchased approximately 6.8 million of its Class A ordinary shares (equivalent to approximately 1.7 million ADSs) for approximately US$3.9 million under its share repurchase program, representing 1.9% of its US$200 million share repurchase program. As of September 30, 2024, the Company had repurchased approximately 129.4 million of its Class A ordinary shares (equivalent to approximately 32.3 million ADSs) for approximately US$113.7 million under its share repurchase program, representing 57% of its US$200 million share repurchase program. As of September 30, 2024, the Company had 368.3 million ordinary shares (equivalent to approximately 92.1 million ADSs) outstanding, compared to 449.8 million ordinary shares (equivalent to approximately 112.5 million ADSs) outstanding as of January 31, 2022 before the share repurchase program commenced. The current share repurchase program will expire at the end of February 2025. Executive Leadership Update Today the Company announced that Chief Security Officer Roger Hale will be leaving the Company, effective immediately. Mr. Hale has served in this role for the past 2.5 years, during which he made significant contributions to enhancing the Company’s security, compliance, and data protection protocols. Mr. Hale will work closely with senior leadership to ensure a smooth transition of his responsibilities. Moving forward, Patrick Ferriter and Robbin Liu will assume responsibility for security and compliance, reflecting the Company’s commitment to maintaining a strong and effective security framework. Mr. Hale will continue to provide strategic advice as an advisor to the Company. “We are grateful for Roger’s dedication and expertise over the past two and a half years. His leadership has been invaluable in strengthening our security & compliance foundation,” said Tony Zhao, founder, chairman and CEO of Agora. “Security and compliance remain top priorities for Agora, and we will continue to uphold the highest standards to protect our customers and stakeholders.” Financial Outlook Based on currently available information, the Company expects total revenues for the fourth quarter of 2024 to be between $34 million and $36 million, compared to $31.6 million in the third quarter of 2024, and $33.3 million in the fourth quarter of 2023 if revenues from certain end-of-sale low-margin products were excluded. The Company also expects significant improvement in net income / (loss) in the fourth quarter. This outlook reflects the Company's current and preliminary views on the market and operational conditions, which are subject to change. Earnings Call The Company will host a conference call to discuss the financial results at 5 p.m. Pacific Time / 8 p.m. Eastern Time on November 25, 2024. Details for the conference call are as follows: Event title: Agora, Inc. 3Q 2024 Financial Results The call will be available at https://edge.media-server.com/mmc/p/wie28zvr Investors who want to hear the call should log on at least 15 minutes prior to the broadcast. Participants may register for the call with the link below. https://register.vevent.com/register/BIf58a0b6f500c4362b1a8c64f9fa4cea8 Please visit the Company’s investor relations website at https://investor.agora.io on November 25, 2024 to view the earnings release and accompanying slides prior to the conference call. Use of Non-GAAP Financial Measures The Company has provided in this press release financial information that has not been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”). The Company uses these non-GAAP financial measures internally in analyzing its financial results and believe that the use of these non-GAAP financial measures is useful to investors as an additional tool to evaluate ongoing operating results and trends and in comparing its financial results with other companies in its industry, many of which present similar non-GAAP financial measures. Besides free cash flow (as defined below), each of these non-GAAP financial measures represents the corresponding GAAP financial measure before share-based compensation expenses, acquisition related expenses, amortization expenses of acquired intangible assets, income tax related to acquired intangible assets and impairment of goodwill. The Company believes that such non-GAAP financial measures help identify underlying trends in its business that could otherwise be distorted by the effects of such share-based compensation expenses, acquisition related expenses, amortization expenses of acquired intangible assets, income tax related to acquired intangible assets and impairment of goodwill that it includes in its cost of revenues, total operating expenses and net income (loss). The Company believes that all such non-GAAP financial measures also provide useful information about its operating results, enhance the overall understanding of its past performance and future prospects and allow for greater visibility with respect to key metrics used by its management in its financial and operational decision-making. Non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures and should be read only in conjunction with the Company’s consolidated financial statements prepared in accordance with GAAP. A reconciliation of its historical non-GAAP financial measures to the most directly comparable GAAP measures has been provided in the tables captioned “Reconciliation of GAAP to Non-GAAP Measures” included at the end of this press release, and investors are encouraged to review the reconciliation. Definitions of the Company’s non-GAAP financial measures included in this press release are presented below. Non-GAAP Net Income (Loss) Non-GAAP net income (loss) is defined as net income (loss) adjusted to exclude share-based compensation expenses, acquisition related expenses, amortization expenses of acquired intangible assets, income tax related to acquired intangible assets and impairment of goodwill. Free Cash Flow Free cash flow is defined as net cash provided by operating activities less purchases of property and equipment (excluding the acquisition of land use right and the payment for the headquarters project). The Company considers free cash flow to be a liquidity measure that provides useful information to management and investors regarding net cash provided by operating activities and cash used for investments in property and equipment required to maintain and grow the business. Operating Metrics The Company also uses other operating metrics included in this press release and defined below to assess the performance of its business. Active Customers An active customer at the end of any period is defined as an organization or individual developer from which the Company generated more than $100 of revenue during the preceding 12 months. Customers are counted based on unique customer account identifiers. Generally, one software application uses the same customer account identifier throughout its life cycle while one account may be used for multiple applications. Dollar-Based Net Retention Rate Dollar-Based Net Retention Rate is calculated for a trailing 12-month period by first identifying all customers in the prior 12-month period, and then calculating the quotient from dividing the revenue generated from such customers in the trailing 12-month period by the revenue generated from the same group of customers in the prior 12-month period. As the vast majority of revenue generated from Agora’s customers is denominated in U.S. dollars, while the vast majority of revenue generated from Shengwang’s customers is denominated in Renminbi, Dollar-Based Net Retention Rate is calculated in U.S. dollars for Agora and in Renminbi for Shengwang, which has substantially removed the impact of foreign currency translations. Shengwang excluded the revenues from certain end-of-sale products, Easemob’s CEC business and K12 academic tutoring sector. The Company believes Dollar-Based Net Retention Rate facilitates operating performance comparisons on a period-to-period basis. Safe Harbor Statements This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical or current fact included in this press release are forward-looking statements, including but not limited to statements regarding the Company’s financial outlook, beliefs and expectations. Forward-looking statements include statements containing words such as “expect,” “anticipate,” “believe,” “project,” “will” and similar expressions intended to identify forward-looking statements. Among other things, the Financial Outlook in this announcement contain forward-looking statements. These forward-looking statements are based on the Company’s current expectations and involve risks and uncertainties. The Company’s actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, risks related to the growth of the RTE-PaaS market; the Company’s ability to manage its growth and expand its operations; the continued impact of COVID-19 on global markets and the Company’s business, operations and customers; the Company’s ability to attract new developers and convert them into customers; the Company’s ability to retain existing customers and expand their usage of its platform and products; the Company’s ability to drive popularity of existing use cases and enable new use cases, including through quality enhancements and introduction of new products, features and functionalities; the Company’s fluctuating operating results; competition; the effect of broader technological and market trends on the Company’s business and prospects; general economic conditions and their impact on customer and end-user demand; and other risks and uncertainties included elsewhere in the Company’s filings with the Securities and Exchange Commission (“SEC”), including, without limitation, the final prospectus related to the IPO filed with the SEC on June 26, 2020. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement, and the Company undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date hereof. About Agora, Inc. Agora, Inc. is the Cayman Islands holding company of two independent divisions, under Agora brand and Shengwang brand, respectively, whose businesses are conducted through separate entities. Headquartered in Santa Clara, California, Agora is a pioneer and global leader in Real-Time Engagement Platform-as-a-Service (PaaS), providing developers with simple, flexible, and powerful application programming interfaces, or APIs, to embed real-time voice, video, interactive live-streaming, chat, whiteboard, and artificial intelligence capabilities into their applications. Headquartered in Shanghai, China, Shengwang is a pioneer and leading Real-Time Engagement PaaS provider in the China market. For more information on Agora, please visit: www.agora.io For more information on Shengwang, please visit: www.shengwang.cn Agora, Inc. Condensed Consolidated Balance Sheets (Unaudited, in US$ thousands) Agora, Inc. Condensed Consolidated Statements of Comprehensive Loss (Unaudited, in US$ thousands, except share and per ADS amounts) Agora, Inc. Condensed Consolidated Statements of Cash Flows (Unaudited, in US$ thousands) Agora, Inc. Reconciliation of GAAP to Non-GAAP Measures (Unaudited, in US$ thousands, except share and per ADS amounts) Investor Contact: investor@agora.io Media Contact: press@agora.ioThe Starship Drone by Starscope is a cutting-edge quadcopter made to appeal to both drone aficionados and novices looking for a feature-rich, reasonably priced flying experience. The Starship Drone distinguishes itself as a flexible and powerful aerial tool ideal for enriching outdoor experiences and shooting breathtaking images by fusing state-of-the-art technology with intuitive features. This drone, which was created by Starscope, a respectable business with a reputation for quality control and precision engineering, is causing a stir throughout the world thanks to its dependability, affordability, and distinctive features. With cutting-edge features like 4K dual HD cameras, automatic stabilization, and anti-collision systems, the Starship Drone was designed to overcome the shortcomings of many inexpensive drones and guarantee crisp photos and fluid video recording even in difficult conditions. It is the perfect travel companion for adventurers, social media aficionados, and travelers due to its small size and foldable design, which improves portability. A smooth flying experience is offered by the Starship Drone’s remarkable array of functions, which include gesture photo control, headless mode, trajectory flight, and altitude hold. The drone’s robust design, long-lasting rechargeable battery, and user-friendly controls make it ideal for both professional and recreational use. The Starship Drone provides an unparalleled blend of performance, ingenuity, and user-friendliness, whether your goal is to record extreme sports, take pictures of beautiful scenery, or just enjoy the rush of flight. The Starship Drone from Starscope is a state-of-the-art quadcopter made for taking breathtaking aerial pictures and videos. With two 4K HD cameras, a 50x zoom, and a 3-axis gimbal stabilizer, this drone can capture fluid, pristine video. Because of its small size and folding form, it is very portable and perfect for adventurers, tourists, and social media users who want to improve the visual quality of their posts. The drone’s cutting-edge features, which include altitude hold, real-time video streaming, and gesture photo controls, make it easy to use for novices while providing experts with sophisticated capabilities. Engineered for durability and performance, the Starship Drone boasts an aerodynamic design and Level 5 wind resistance, allowing it to operate seamlessly in challenging weather conditions. Its anti-collision sensors and automatic return-to-home function ensure a safe flying experience, even for first-time users. With a speed of up to 30 mph and a long-lasting rechargeable lithium-ion battery providing 25 minutes of runtime, the drone is well-suited for capturing action-packed moments, scenic landscapes, or simply enjoying recreational flying. Whether you are a novice or an expert drone pilot, the Starship Drone is simple to use thanks to its user-friendly controls and mobile app compatibility. High performance in a range of conditions is guaranteed by its robust yet lightweight design and cutting-edge capabilities like trajectory flight and headless mode. The Starship Drone, which offers outstanding value and versatility for all kinds of users, has swiftly become a favorite among drone fans worldwide by fusing affordability with top-notch technology. The price of the Starship Drone varies based on the number of units purchased. Here are the current pricing options: 1 Starship Drone: $89.97 2 Starship Drones: $119.99 3 Starship Drones: $169.99 4 Starship Drones: $199.99 These prices may be subject to special offers, discounts, or promotions, which could lower the cost temporarily. Always check the official website for the most up-to-date pricing and any ongoing deals. The Starship Drone by Starscope is indeed a legitimate product, backed by a company with a solid reputation in the consumer electronics market. While the drone has gained significant popularity, particularly for its affordable price and advanced features, it’s important to look at both the product details and user experiences to confirm its credibility. Starscope, known for developing innovative gadgets like their optical devices, has a track record of delivering reliable products. The Starship Drone is no exception, offering an impressive range of features like 4K HD cameras, 50x zoom, altitude hold, and real-time video streaming. These functionalities make it an appealing choice for both drone enthusiasts and casual users. Many users have shared positive feedback about the drone’s ease of use, stable flight performance, and impressive video quality. The intuitive controls, foldable design, and long battery life add to its appeal, making it a top choice for those seeking an affordable yet powerful drone. However, as with any product, it’s important to be cautious and purchase from trusted sources. The Starship Drone is primarily available through its official website, and while this raises some concerns for potential buyers, the product does come with a 30-day money-back guarantee, offering a layer of protection for those skeptical about making an online purchase. The company’s customer service and return policy are reportedly responsive, providing further reassurance. Overall, the Starship Drone is a legitimate, well-designed product that delivers great value for the price, provided it’s bought through official channels. Combining cutting-edge flight technology, user-friendly controls, and top-notch camera features, the Starship Drone from Starscope makes aerial photography and video recording simple for both novice and expert drone users. This is an explanation of how it operates: Flight Control and Navigation: Users can control the Starship Drone’s motions and camera features with an easy-to-use controller or a smartphone app. The drone’s altitude hold feature makes it easier to record fluid footage by keeping it at a constant height while hovering. Using the controller or app, users may regulate the drone’s motions, including its speed and direction. Regardless of the drone’s orientation, the headless mode makes navigation easier by having the drone move in relation to the user’s position. With the use of the trajectory flight feature, users can designate a flight path on the screen, and the drone will automatically follow it. Camera and Imaging: The Starship Drone features dual 4K HD cameras that can capture sharp, high-quality images and videos from the air. The camera is stabilized by a 3-axis gimbal, which eliminates shaky footage, ensuring smooth and clear visuals even during movement. The 50x zoom capability allows users to get close-up shots of distant objects, making it great for both close-range and long-distance photography. Additionally, the drone allows real-time streaming of footage to a smartphone or tablet, offering a first-person view (FPV) for a more immersive experience. Safety and Stability: To guarantee seamless and secure operation, the Starship Drone has a number of safety features. By identifying obstructions and modifying the drone’s flying path, its anti-collision sensors help avoid collisions. Even in moderate gusts, it can fly steadily because to its Level 5 wind resistance. Without the user’s help, the drone will automatically fly back to its starting location when its battery runs low or it loses connection. With up to 25 minutes of flight time provided by the rechargeable battery, there is more than enough time for filming. The Starscope Starship Drone offers several impressive benefits that make it a standout choice in the drone market. Here are some of the key advantages: 1. High-Quality Imaging and Video Capture: The Starship Drone is equipped with dual 4K HD cameras, allowing users to capture stunningly sharp and clear photos and videos. The 50x zoom feature makes it easy to take detailed shots from a distance, while the 3-axis gimbal stabilizer ensures smooth footage even during fast movements or in windy conditions. This makes it an ideal choice for photographers, videographers, and enthusiasts who want professional-grade visuals at an affordable price. 2. Ease of Use for Beginners and Professionals: One of the standout benefits of the Starship Drone is its user-friendly controls. Whether you’re a beginner or an experienced drone pilot, you can easily navigate the drone with its intuitive controller or mobile app. The headless mode simplifies navigation, allowing you to fly the drone in any direction without worrying about its orientation. The one-button takeoff and landing feature ensures that even first-time users can safely and confidently fly the drone without much practice. 3. Stability and Safety Features: The drone comes with several safety and stability features to ensure smooth and secure flights. Altitude hold keeps the drone steady at a fixed height, while anti-collision sensors help avoid obstacles during flight. The Level 5 wind resistance means the drone can handle moderate winds (up to 24 mph), making it suitable for use in a variety of outdoor conditions. Additionally, features like trajectory flight, where you can set a flight path, and the return-to-home function in case of low battery or loss of signal, add layers of safety. 4. Portability and Durability: The foldable design of the Starship Drone makes it highly portable and easy to store or carry around. Despite its compact size, the drone is built with durable materials to withstand outdoor use and minor accidents. It’s lightweight yet tough, making it ideal for travel, outdoor adventures, and capturing videos on the go. 5. Long Battery Life: Equipped with a long-lasting rechargeable battery, the Starship Drone offers up to 25 minutes of flight time per charge. This extended battery life means you can enjoy more time in the air capturing your shots without constantly worrying about running out of power. It’s also easily recharged via a USB-C port, ensuring that you can power up quickly for your next adventure. 6. Affordable Price with Premium Features: Despite its high-end features, the Starship Drone is priced very competitively compared to other drones in the market. For those on a budget, this drone offers excellent value for money, giving users access to advanced capabilities like 4K video, real-time streaming, and stable flight without breaking the bank. 7. Versatility in Use: The Starship Drone is not only great for capturing stunning aerial shots but also versatile enough for a variety of activities. Whether you’re into outdoor exploration, extreme sports, event photography, or just documenting everyday moments, the Starship Drone can handle it all. Its real-time video streaming and first-person view features also make it an excellent tool for those interested in drone racing or immersive experiences. Using your Starship Drone is straightforward, thanks to its user-friendly design and intuitive controls. Whether you’re a beginner or an experienced drone pilot, you can quickly learn to operate it by following these steps: 1. Unboxing and Setup Carefully unpack your Starship Drone, ensuring all components like the drone, controller, battery, spare propellers, and charging cables are included. Fully charge the drone’s battery using the provided USB-C cable before your first flight. Charging takes approximately 70 minutes. Attach the propellers securely if not already installed. Follow the included user manual for guidance. Download the Starship Drone’s mobile app (available for iOS and Android) and connect it to your smartphone for additional control and real-time video streaming. 2. Connecting the Drone Insert the charged battery into the drone and power it on. Turn on the controller and pair it with the drone by following the connection instructions in the manual. If using the mobile app, connect the drone to your phone via Wi-Fi. Once connected, you can use your phone as a control interface or to view the live camera feed. 3. Taking Off and Flying Find an open area free of obstacles and ensure weather conditions are suitable (avoid high winds or rain). Place the drone on a flat surface, with its propellers facing upward. Use the one-button takeoff feature on the controller or app to lift the drone into the air smoothly. Practice basic movements such as forward, backward, left, and right using the joystick or app controls. The headless mode simplifies this by making the drone respond to your orientation instead of its own. 4. Capturing Photos and Videos Adjust the 4K camera angle using the app or controller for the best shot. Use the camera controls to start recording videos or take photos. The drone’s stabilization system ensures clear and smooth footage. For advanced shots, experiment with features like trajectory flight, where you draw a flight path on your screen, and the drone will follow it automatically. 5. Safety Features During Flight Enable altitude hold for steady hovering, which is especially useful for capturing footage. Use the anti-collision sensors to avoid obstacles. The drone will detect and adjust its path automatically if an object is in its way. In case of low battery or signal loss, the drone’s return-to-home function will automatically bring it back to the starting point. 6. Landing the Drone Use the one-button landing feature on the controller or app for a smooth descent. Ensure the drone is on a stable surface before powering it off. 7. Post-Flight Care Remove the battery and recharge it for your next use. Inspect the drone for any signs of wear or damage, particularly on the propellers and body. Replace any damaged parts using the spare components provided. Store the drone in a safe, dry place, preferably in its original box or a protective case, to ensure longevity. The Starscope Starship Drone is a powerful and versatile tool, perfect for both beginners and experienced drone users. With features like 4K HD dual cameras, a 3-axis gimbal stabilizer, and anti-collision sensors, it delivers professional-grade performance at an affordable price. Its lightweight, foldable design makes it highly portable, allowing you to capture breathtaking aerial footage wherever you go. The drone’s intuitive controls, including one-button takeoff and landing, headless mode, and altitude hold, ensure a seamless flying experience, even for first-time users. Whether you’re documenting family vacations, extreme sports, or creating professional content, the Starship Drone’s capabilities make it a versatile and reliable choice. Safety and durability are top priorities with the Starship Drone. Equipped with anti-collision technology, wind resistance, and a return-to-home function, it ensures secure flights, even in challenging conditions. The long-lasting, rechargeable battery provides up to 25 minutes of flight time, giving you ample opportunity to capture stunning visuals without frequent recharging. Backed by Starscope’s reputation for quality and customer support, the Starship Drone offers excellent value for its price, making it a worthwhile investment for anyone looking to elevate their photography or videography skills. Yes, the Starship Drone by Starscope is an excellent choice for anyone looking to explore aerial photography or videography. It combines advanced features, ease of use, and affordability, making it suitable for beginners and professionals alike. Equipped with 4K HD dual cameras, a 3-axis gimbal stabilizer, and 50x zoom, the drone captures stunning, crystal-clear images and videos. Its compact, foldable design ensures portability, while user-friendly controls, such as one-button takeoff and landing and altitude hold, make it incredibly simple to operate. What sets the Starship Drone apart is its safety and durability. Features like anti-collision sensors, wind resistance, and a return-to-home function provide a secure flying experience, even in less-than-ideal conditions. The long-lasting battery offers up to 25 minutes of flight time, giving you plenty of opportunities to capture breathtaking footage. Whether you’re documenting adventures, creating content, or simply enjoying a new hobby, the Starship Drone delivers exceptional value and performance. James Turner, Los Angeles, CA “I’ve been using the Starship Drone for a few weeks now, and I’m beyond impressed! The 4K camera delivers stunningly clear footage, and the stabilization is excellent, even on windy days. As a content creator, I rely on quality equipment, and this drone has exceeded my expectations without breaking the bank. It’s lightweight, portable, and super easy to control. Highly recommend it to anyone looking for a versatile drone.” Emily Harper, Austin, TX “As a beginner, I was worried about handling a drone, but the Starship Drone made it so simple. The one-button takeoff and landing are lifesavers, and the headless mode is perfect for a novice like me. The battery life is impressive, lasting long enough to capture all the shots I need. It’s also compact and easy to carry around, which is great for my weekend adventures.” Raj Patel, Chicago, IL “I bought the Starship Drone to capture family vacations, and it’s been a game-changer. The photos and videos are incredibly clear, and the anti-collision sensors make flying stress-free, even around trees and obstacles. The return-to-home feature is a great touch, especially when I lose track of the drone. For its price, it’s an amazing product that offers professional-quality features.” Sophia Martinez, Miami, FL “The Starship Drone is the perfect balance of affordability and functionality. I love the trajectory flight mode, where I can draw a path on my phone, and the drone follows it flawlessly. The durability is also impressive; it’s withstood a few accidental bumps without any damage. Whether you’re a hobbyist or a pro, this drone is a fantastic choice for capturing breathtaking footage.” Offering professional-grade functionality at an affordable price, the Starship Drone by Starscope is an incredible invention that appeals to both novice and expert users. Beautiful aerial footage and a smooth flying experience are guaranteed by its combination of two 4K HD cameras, user-friendly controls, and cutting-edge stabilization technology. The drone is perfect for travel, outdoor activities, and creative endeavors because of its small, folding form and long-lasting battery. While its affordable price and versatility are praised by many, it’s essential to note that it’s not readily available in physical stores, and stock tends to run out quickly due to high demand. That said, with proper care and understanding of its features, the Starship Drone proves to be a reliable and worthwhile investment for photography enthusiasts, adventurers, and anyone looking to elevate their content creation capabilities.
Jimmy Carter, the 39th US president, has died at 100 ATLANTA (AP) — Former U.S. President Jimmy Carter has died. He was 100 years old and had spent more than a year in hospice care. The Georgia peanut farmer served one turbulent term in the White House before building a reputation as a global humanitarian and champion of democracy. He defeated President Gerald Ford in 1976 promising to restore trust in government but lost to Ronald Reagan four years later amid soaring inflation, gas station lines and the Iran hostage crisis. He and his wife Rosalynn then formed The Carter Center, and he earned a Nobel Peace Prize while making himself the most internationally engaged of former presidents. The Carter Center said he died peacefully Sunday afternoon in Plains, Georgia, surrounded by his family. Jimmy Carter: Many evolutions for a centenarian ‘citizen of the world’ PLAINS, Ga. (AP) — The 39th and longest-lived U.S. president, James Earl Carter Jr., died Sunday at the age of 100. His life ended where it began, in Plains, Georgia. He left and returned to the tiny town many times as he climbed to the nation’s highest office and lost it after four tumultuous years. Carter spent the next 40 years setting new standards for what a former president can do. Carter wrote nearly a decade ago that he found all the phases of his life challenging but also successful and enjoyable. The Democrat's principled but pragmatic approach defied American political labels, especially the idea that one-term presidents are failures. The Latest: Former President Jimmy Carter is dead at age 100 Former President Jimmy Carter has died at the age of 100. The 39th president of the United States was a Georgia peanut farmer who sought to restore trust in government when he assumed the presidency in 1977 and then built a reputation for tireless work as a humanitarian. He earned a Nobel Peace Prize in 2002. He died Sunday, more than a year after entering hospice care, at his home in Plains, Georgia. Carter was sworn in as president on Jan. 20, 1977, after defeating President Gerald R. Ford in the 1976 general election. He left office on Jan. 20, 1981, following his 1980 general election loss to Ronald Reagan. Jimmy Carter: A brief bio Former U.S. President Jimmy Carter has died at his home in Plains, Georgia. His death comes more than a year after the former president entered hospice care. He was 100 years old. Jetliner skids off runway and bursts into flames while landing in South Korea, killing 179 SEOUL, South Korea (AP) — A jetliner skidded off a runway, slammed into a concrete fence and burst into flames in South Korea after its landing gear apparently failed to deploy. Officials said all but two of the 181 people on board were killed Sunday in one of the country’s worst aviation disasters. The 737-800 operated by Jeju Air plane arrived from Bangkok and crashed while attempting to land in the town of Muan, about 290 kilometers (180 miles) south of Seoul. Footage of the crash aired by South Korean television channels showed the plane skidding across the airstrip at high speed, evidently with its landing gear still closed. Tornadoes in Texas and Mississippi kill 2 and injure 6 as severe weather system moves east HOUSTON (AP) — A strong storm system is threatening to whip up tornadoes in parts of the U.S. Southeast, a day after severe weather claimed at least two lives as twisters touched down in Texas and Mississippi. Strong storms moving eastward Sunday are expected to continue producing gusty, damaging winds, hail and tornadoes through Sunday. That is according to National Weather Service meteorologist Frank Pereira. So far, the line of severe weather has led to about 40 tornado reports from southeastern Texas to Alabama, Pereira said, but those reports remain unconfirmed until surveys of damage are completed. Israeli hospital says Netanyahu has undergone successful prostate surgery TEL AVIV, Israel (AP) — An Israeli hospital says Prime Minister Benjamin Netanyahu has undergone successful prostate surgery. Jerusalem’s Hadassah Medical Center said his prostate was removed late Sunday and that he was recovering. Netanyahu’s office had said Justice Minister Yariv Levin, a close ally, would serve as acting prime minister during the procedure. Doctors ordered the operation after detecting an infection last week. Netanyahu is expected to remain hospitalized for several days. With so much at stake, Netanyahu’s health in wartime is a concern for both Israelis and the wider world. Syria's de facto leader says it could take up to 4 years to hold elections BEIRUT (AP) — Syria’s de facto leader has said it could take up to four years to hold elections in Syria, and that he plans on dissolving his Islamist group that led the country’s insurgency at an anticipated national dialogue summit for the country. Ahmad al-Sharaa, who leads Hayat Tahrir al-Sham, the group leading the new authority in Syria, made the remarks in an interview Sunday. That's according to the Saudi television network Al-Arabiyya. It comes almost a month after a lightning insurgency led by HTS overthrew President Bashar Assad’s decades-long rule, ending the country’s uprising-turned civil war that started back in 2011. A fourth infant dies of the winter cold in Gaza as families share blankets in seaside tents DEIR AL-BALAH, Gaza Strip (AP) — A fourth infant has died of hypothermia in Gaza, where hundreds of thousands of Palestinians displaced by nearly 15 months of war are huddled in tents along the rainy, windswept coast as winter arrives. The baby's father says the 20-day-old child was found with his head as “cold as ice” Sunday morning in their tent. The baby’s twin brother was moved to the intensive care unit of Al-Aqsa Martyrs Hospital. Their father says the twins were born one month premature and spent just a day in hospital, which like other Gaza health centers has been overwhelmed and only partially functions. Musk causes uproar for backing Germany's far-right party ahead of key elections BERLIN (AP) — Tech entrepreneur Elon Musk has caused uproar after backing Germany’s far-right party in a major newspaper ahead of key parliamentary elections in the Western European country, leading to the resignation of the paper’s opinion editor in protest. Germany is to vote in an early election on Feb. 23 after Chancellor Olaf Scholz’s three-party governing coalition collapsed last month in a dispute over how to revitalize the country’s stagnant economy. Musk’s guest opinion piece for Welt am Sonntag, published in German over the weekend, was the second time this month he supported the Alternative for Germany, or AfD.
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Square has launched a partnership with foodservice distributor Sysco to provide restaurants with better technology. The collaboration, announced Wednesday (Dec. 18), makes Square a Sysco “Restaurant Solutions partner,” meaning that its technology suite will be promoted, co-marketed and sold to Sysco’s customers. “Sysco is committed to helping our customers succeed through innovative solutions and technology,” Neil Russell , the company’s chief administrative officer, said in a news release. “Square’s technology is comprehensive and easy-to-use for operators and workers alike, and we know that their solutions can help food and beverage businesses work smarter, operate more efficiently, and find new avenues of growth.” In addition to the partnership, Square has announced new features for restaurants, designed to become fully available early next year. For example, bars and restaurants can now preauthorize tabs for customers paying with credit cards or digital wallets . “This feature is especially critical for bars and breweries, allowing these sellers to streamline service and start tabs without holding onto guests’ cards, all while protecting their bottomline,” the news release said. There’s also an Instant Payouts feature, letting restaurants using Square Checking receive funds for orders made through third-party delivery platforms instantly and without added fees, giving sellers immediate access to their revenue. “Cash flow is a major pain point for restaurants, particularly as margins get tighter, and with third-party delivery platforms continuing to grow in popularity, the delay in time-to-money for the orders they fulfill – up to 11 days in some cases — can be extremely challenging,” Square said. PYMNTS looked at the challenges restaurants face in maintaining operations earlier this month in an interview with Mitchell Hipp , divisional vice president at Rewards Network. “Between the Small Business Administration and banks, not a lot of them want to talk to you,” he said, noting that — in these organizations’ eyes — restaurants are a risky lending proposition. “Most restaurants are undercapitalized to begin with, and it’s the No. 1 business that fails in the U.S.,” he said. “Six months goes by quickly when you open up a smaller restaurant. Unless people are flocking through the doors, it almost immediately becomes a situation where [owners] are chasing their tails from day one.”
ISLAMABAD: Calling the decision “biased”, Pakistan on Thursday vociferously reacted to the imposition of United States (US) sanctions on National Development Complex (NDC) and three other commercial entities. ‘’Pakistan considers the US decision to impose sanctions on NDC and three commercial entities as unfortunate and biased’’, said the Foreign Office (FO) Spokesperson Mumtaz Zahra Baloch on Thursday. She said that Pakistan’s strategic capabilities are meant to defend its sovereignty and preserve peace and stability in South Asia. The latest installment of sanctions defies the objective of peace and security by aiming to accentuate military asymmetries. ‘’Such policies have dangerous implications for strategic stability of our region and beyond’’, Mumtaz added. The FO spokesperson emphasised that Pakistan’s strategic programme is a sacred trust bestowed by 240 million people upon its leadership. The sanctity of this trust, held in the highest esteem across the entire political spectrum, cannot be compromised. Pakistan terms US sanctions on entities as unfortunate, biased “We also regret the imposition of sanctions on private commercial entities. Similar listings of commercial entities in the past were based on mere doubts and suspicion without any evidence whatsoever, ”she pointed out, while claiming strict adherence to non-proliferation norms, licensing requirement for advanced military technology to other countries have been waived off in the past. She elaborated that such double standards and discriminatory practices not only undermine the credibility of non-proliferation regimes but also endanger regional and international peace and security. On Wednesday, in light of the continuing proliferation threat of Pakistan’s long-range missile development, the United States designated four entities for sanctions pursuant to Executive Order (EO) 13382, which targets proliferators of weapons of mass destruction and their means of delivery. The NDC, located in Islamabad, Pakistan, has worked to acquire items in furtherance of Pakistan’s long range ballistic missile programme - including special vehicle chassis intended to be used as launch support equipment for ballistic missiles and missile testing equipment. The United States assesses NDC is responsible for Pakistan’s development of ballistic missiles, including the SHAHEEN-series ballistic missiles. Akhtar and Sons Private Limited, located in Karachi, Pakistan, has worked for NDC to supply a range of equipment to Pakistan’s long-range ballistic missile program. Affiliates International, located in Karachi, Pakistan, has facilitated procurements of missile-applicable items for NDC and others in support of Pakistan’s ballistic missile programme. Additionally, Rockside Enterprise, located in Karachi, Pakistan, has worked for NDC to supply a range of equipment to Pakistan’s long-range ballistic missile programme. Copyright Business Recorder, 2024Ernest Greywacz
The Los Angeles Rams suffered a tough loss at SoFi Stadium on Sunday as they fell to a visiting Philadelphia Eagles side, 37-20. LA was coming off a 28-22 victory against the New England Patriots in Week 11, but they failed to build on that win on Sunday as they lost their sixth game of the season. One of the bright spots in the loss against the Eagles was second-year wide receiver Puka Nacua, who logged nine catches in the contest for a game-high 117 receiving yards. It was another strong performance from the 23-year-old, who is coming off a Pro Bowl rookie campaign. Nacua's girlfriend Hallie Aiono also caught the attention of fans after she shared a handful of photos of her gameday outfit on Instagram. Aiono's post featured Nacuaas well, who also showed off his pre-game outfit for Sunday's contest. View the original article to see embedded media. The highlight of Aiono's look was her oversized blue-and-white sweater that repped the Rams' colors. She paired her top with a plain white mini-skirt, which allowed her sporty sweater to pop even more. Her black mid-calf boots provided the perfect contrast for her sporty and clean look, while also adding a bit of edginess and contrast. Aiono wore her hair tied back in a bun, which highlighted her gold hoop earrings. Aiono shouted out her sister Sidney Aiono, an LA-based wardrobe stylist, for helping her and Nacua out with their gameday looks. The outfit post drew a myriad of compliments from the fans on social media. "Ughhh the prettiest😭💙💛" reacted a fan "Hair goalzzzzz," a comment read. "glowing ✨" observed a user "cuties," commented Rams cheerleader and social media influencer Sharaiah Belle True. "Loveee🥰" posted a supporter. "Swag unlocked," commented Nacua himself. Gary A. Vasquez-Imagn Images According to People , Nacua and Aiono have been dating since at least 2021, while the former was still attending Brigham Young University. Like her boyfriend, Aiono is also of Polynesian descent. Nacua and the Rams will be back in action on Sunday, Dec. 1, when they go on the road to face the New Orleans Saints at Caesars Superdome. Related: NFL Star's Wife Drops Taylor Swift Admission Despite 'Jealousy Issues' Related: Matthew Stafford's Wife Reflects on Taylor Swift Experience Amid 'Jealousy' AdmissionAffimed (NASDAQ:AFMD) Sees Large Growth in Short Interest
After Trump's win, Black women are rethinking their role as America's reliable political organizersMan smashes Ola scooter after receiving Rs 90,000 bill for repairs
Emerging details of Chinese hack leave US officials increasingly concernedNone
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This was the stock's sixth consecutive day of losses.Ontario Provincial Police have charged a 70-year-old driver who was allegedly going the wrong way on Highway 401 Sunday. Police say they received numerous 911 calls shortly after 6 p.m. reporting a driver in a silver SUV travelling eastbound in the westbound lanes of the highway in Loyalist Township. The driver entered the highway at Camden East Road and continued for approximately seven kilometres before exiting at Wilton Road, police said in an email to CTV News. Callers reported the driver was "veering around other traffic" at highway speeds of 100 km/h, reducing to 50 km/h at times. No collisions were reported. OPP and local police located the driver, a 70-year-old man from Etobicoke, parked in a neighbourhood in Kingston. Police were able to find him after a family member reported him as a missing person at the time of the incident. A cell phone ping for the driver provided a general location of his whereabouts, police said. The motorist was charged with dangerous operation and stunt driving. He will appear at the Ontario Court of Justice in Napanee at a later date. Lennox and Addington OPP are seeking any witnesses of the incident or anyone who may have dashcam video. Anyone with information is asked to call 1-888-310-1122, reference number E241694379. Correction Police previously described the suspect as a 70-year-old female. That was later corrected to a 70-year-old male. Shopping Trends The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop. Read about us. 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These LEGO Kits Are On Sale For Boxing Day 2024 The Waterpik Advanced Water Flosser Will Make Cleaning Your Teeth So Much Easier — And It's 41% Off For Boxing Day Ottawa Top Stories Man, 70, charged with stunt driving after going wrong way on Hwy. 401 BREAKING | Jimmy Carter, a one-term president who became a globe-trotting elder statesman, dies at 100 4.1 magnitude earthquake in western Quebec felt in Ottawa and Montreal Bell Capital Cup debuts sledge hockey division for children with disabilities Eastern Ontario farm wants your Christmas trees to feed its animals: ’They do like the fresh needles’ FOG ADVISORY | Environment Canada warns of 'near-zero' visibility as fog blankets Ottawa Eastern Ontario police arrest Scarborough resident found with nearly $50K of cocaine Two taken to hospital following basement fire in Centretown West CTVNews.ca Top Stories Trudeau, Biden, Trump, other world leaders remember former U.S. president Jimmy Carter Former U.S. president and Nobel Peace Prize winner Jimmy Carter died Sunday at the age of 100. Upon news of his death, political figures and heads of state from around the world gave praise to Carter, celebrating his faith and time both in office and afterwards. BREAKING | Jimmy Carter, a one-term president who became a globe-trotting elder statesman, dies at 100 Former U.S. president Jimmy Carter, a Georgia peanut farmer who vowed to restore morality and truth to politics after an era of White House scandal and who redefined post-presidential service, died Sunday at the age of 100. 'Pretty limited' options for Liberal MPs calling for leadership change As calls mount within the federal Liberal Party for Prime Minister Justin Trudeau to step down as leader, one political analyst says there’s little his detractors can do to force his hand. Possible explosion at Metro Vancouver strip mall under investigation Police and firefighters were called to the scene of a potential explosion at a Metro Vancouver strip mall Sunday morning. Eastern Ontario police arrest Scarborough resident found with nearly $50K of cocaine Police in eastern Ontario charged a Toronto resident who was allegedly in possession of hundreds of grams of cocaine earlier this month. 2 teenagers arrested, 1 suspect at-large after attack involving bear spray, machete A pair of teenaged boys have been charged with aggravated assault after police said they attacked a man with bear spray and a machete Friday evening. Plane crashes and bursts into flames while landing in South Korea, killing 179 A jetliner skidded off a runway, slammed into a concrete fence and burst into flames Sunday in South Korea after its landing gear apparently failed to deploy. All but two of the 181 people on board were killed in one of the country’s worst aviation disasters, officials said. Online child exploitation spiked during lockdowns. Police worry it's here to stay Online predators are becoming increasingly resourceful in trolling media platforms where children gravitate, prompting an explosion in police case loads, said an officer who works for the RCMP Integrated Child Exploitation Unit in British Columbia. 4.1 magnitude earthquake in western Quebec felt in Ottawa and Montreal The earth moved in the Maniwaki area this Sunday morning. No damage was reported after a 4.1 magnitude earthquake rattled the Maniwaki area in western Quebec, according to Earthquakes Canada. Atlantic TSB investigating airplane landing incident at Halifax airport The Transportation Safety Board of Canada says they are investigating an aircraft incident at the Halifax Stanfield International Airport that caused temporary delays to all flight operations Saturday night. BREAKING | Jimmy Carter, a one-term president who became a globe-trotting elder statesman, dies at 100 Former U.S. president Jimmy Carter, a Georgia peanut farmer who vowed to restore morality and truth to politics after an era of White House scandal and who redefined post-presidential service, died Sunday at the age of 100. N.B. entrepreneur honours memory of mother with 'thank you' note legacy N.B. entrepreneur Emily Somers honours her mother with 'thank you' notes. Toronto Pedestrian taken to hospital after hit-and-run in Mississauga A pedestrian has been taken to the hospital following a hit-and-run in Mississauga Sunday. Suspect charged after woman found dead at Niagara Falls home A suspect has been charged after a woman was found dead inside her Niagara Falls home. BREAKING | Jimmy Carter, a one-term president who became a globe-trotting elder statesman, dies at 100 Former U.S. president Jimmy Carter, a Georgia peanut farmer who vowed to restore morality and truth to politics after an era of White House scandal and who redefined post-presidential service, died Sunday at the age of 100. Montreal BREAKING | Jimmy Carter, a one-term president who became a globe-trotting elder statesman, dies at 100 Former U.S. president Jimmy Carter, a Georgia peanut farmer who vowed to restore morality and truth to politics after an era of White House scandal and who redefined post-presidential service, died Sunday at the age of 100. Grocery prices to rise in 2025, report says Canadians are bracing for higher grocery bills in 2025, with a new report projecting food prices will increase by 3 to 5 per cent nationwide—and up to 5 per cent in Quebec. Here's how you can watch CTV News Montreal at Six on Sundays during the NFL season With CTV broadcasting NFL football games on Sundays this season, CTV News Montreal at Six will be broadcasting live on our website and the CTV News App. Northern Ontario Mississauga tow truck driver charged for impersonating a cop in northern Ont. A southern Ontario resident has been charged for allegedly impersonating a peace officer during a towing incident in northwestern Ontario. BREAKING | Jimmy Carter, a one-term president who became a globe-trotting elder statesman, dies at 100 Former U.S. president Jimmy Carter, a Georgia peanut farmer who vowed to restore morality and truth to politics after an era of White House scandal and who redefined post-presidential service, died Sunday at the age of 100. 'Pretty limited' options for Liberal MPs calling for leadership change As calls mount within the federal Liberal Party for Prime Minister Justin Trudeau to step down as leader, one political analyst says there’s little his detractors can do to force his hand. Windsor Crews battle two apartment fires in under two hours Windsor Fire and Rescue responded to two calls at Ouellette Avenue apartment buildings Sunday morning. 'Pretty limited' options for Liberal MPs calling for leadership change As calls mount within the federal Liberal Party for Prime Minister Justin Trudeau to step down as leader, one political analyst says there’s little his detractors can do to force his hand. Woman with outstanding warrant arrested in Chatham One person has been arrested after Chatham-Kent police officers conducted a traffic stop Saturday in Chatham. London Fatal crash in Middlesex County Middlesex County OPP attended the scene of a fatal motor vehicle collision in Strathroy-Caradoc early Sunday morning. New Year’s Eve in London’s Victoria Park You can ring in 2025 this Tuesday night at London’s free New Year’s Eve in the Park celebration. Can you help solve this cold case in Sarnia? Sarnia police are seeking the public’s help in finding any new leads for a cold case from over 20 years ago. Kitchener Are fluctuating temperatures here to stay this winter? Waterloo Region residents traded snow boots for raincoats this weekend as temperatures soared above seasonal norms. Portion of Highway 6 closed following collision in Ennotville, Ont. A portion of Highway 6 is closed Sunday evening following a collision in Ennotville, Ont., just north of Guelph. Police, coroner investigating two deaths at Brantford, Ont. encampment An investigation is underway into the deaths of two people at an encampment in Brantford, Ont. Barrie Deluxe taxi goes up in flames in Barrie parking lot Some locals were quick to pull out their cellphones and capture a minivan as it went up in hot flames in a Barrie parking lot. Region under rainfall warning, fog advisory Many areas across Simcoe Muskoka, upper York Region and Grey County are under rainfall warnings and fog advisories as of Sunday morning. $47K in drugs seized, man arrested in alleged domestic assault Police in Owen Sound made one arrest and seized a ‘large’ quantity of multiple drugs after responding to an alleged domestic assault on Saturday. Winnipeg Stolen vehicle chase ends in arrest, drug seizure A Winnipeg man has been charged with several offences after a police chase involving a stolen vehicle and hundreds of dollars worth of drugs. Fifth night of Hanukkah celebrated ahead of Manitoba Moose hockey game As Jewish people around the world mark the fifth night of Hanukkah, members of Winnipeg’s Jewish community brought the celebration to Canada Life Centre. Winnipeg hotel fire forces residents to evacuate A fire at a Winnipeg hotel forced residents to leave the building Sunday morning. Calgary 1 man hospitalized after being shot in leg near Calgary’s Drop-In Centre One man was taken to hospital after a shooting downtown Saturday night. ‘Eternal optimists’: Southern Alberta farmers wary of drought conditions look to prairie skies for comfort Mcgrath farmer Sean Stanford has lived through too many dry summers to be completely hopeful about the coming growing season in southern Alberta, but he sees signs that the summer of 2025 might be better for farmers than the last few years. Canadian float celebrating Coding for Veterans to participate in Rose Bowl Parade A Canadian parade float will be featured in the Rose Bowl Parade in Pasadena next week. Edmonton 2 vehicles fall through ice at Sylvan Lake, promoting police warning RCMP issued a warning Saturday after two vehicles fell through the ice on Sylvan Lake. Ducks come from behind to beat visiting Oilers Ryan Strome scored the go-ahead goal at 17:24 of the third period, and the Anaheim Ducks rallied from a two-goal deficit for a 5-3 home-ice win over the Edmonton Oilers on Sunday. Edmonton to start up cold weather response plan Monday morning The City of Edmonton is activating its extreme weather response plan with the weather forecast calling for cold temperatures over the next eight days. Regina Regina police charge 2 youths in city's 6th homicide of 2024 Two Regina teens are facing murder charges in connection to the death of a Regina man on Boxing Day. Hockey talent showcased in Regina for Male U15, Top 160 tournament The last weekend of 2024 saw Saskatchewan's best hockey players under 15 years of age showing off their skills at the Co-operators Centre in Regina. Regina man showcases local bead supply business Jeramy Hannah recently began selling beading supplies, after he realized the beaders in his life were struggling with a lack of local vendors, prompting him to create a business called Bead Bro. Saskatoon U18 provincials curling tournament underway in PA Teams from across Saskatchewan are in Prince Albert for the U18 curling provincials. Police made two arrests following a shooting in Saskatoon A swift response from Saskatoon police led to the arrest of a man and woman following a reported shooting Friday afternoon. Saskatoon fire crews battle house fire Saskatoon firefighters responded to a house fire on the 100 block of Klassen Crescent Friday afternoon. Vancouver Trudeau, Biden, Trump, other world leaders remember former U.S. president Jimmy Carter Former U.S. president and Nobel Peace Prize winner Jimmy Carter died Sunday at the age of 100. Upon news of his death, political figures and heads of state from around the world gave praise to Carter, celebrating his faith and time both in office and afterwards. Possible explosion at Metro Vancouver strip mall under investigation Police and firefighters were called to the scene of a potential explosion at a Metro Vancouver strip mall Sunday morning. 2 shot during fight outside Surrey pub Two people were injured in a shooting outside of a Surrey pub in the early hours of Sunday morning, according to authorities. Vancouver Island Victoria police seek witnesses, additional victims after hit-and-run spree A woman is facing seven charges after allegedly committing multiple hit-and-run crashes in a stolen vehicle while impaired, according to police in B.C.'s capital. Online child exploitation spiked during lockdowns. Police worry it's here to stay Online predators are becoming increasingly resourceful in trolling media platforms where children gravitate, prompting an explosion in police case loads, said an officer who works for the RCMP Integrated Child Exploitation Unit in British Columbia. Vancouver man defrauded Chinese developers of US$500K, court rules A Vancouver man has been ordered to pay more than US$500,000 after a B.C. Supreme Court judge found he had defrauded the would-be developers of a real estate project in China of that amount. Kelowna B.C. team building 100 beaver 'starter homes' in the name of wetland preservation More than 70 manmade beaver dams have been installed in Interior waterways since the B.C. Wildlife Federation project launched last year with the goal of building 100 dams by the end of 2025. B.C. man charged with drug trafficking and weapons offences after CBSA investigation A resident of B.C.'s Interior has been charged with weapon and drug trafficking offences after an investigation launched by border agents at Vancouver International Airport earlier this year. B.C woman awarded nearly $750K in court case against contractor A B.C. woman has been awarded nearly $750,000 in damages in a dispute with a contractor who strung her along for a year and a half and failed to complete a renovation, according to a recent court decision. Stay Connected
Empowered Funds LLC increased its holdings in STMicroelectronics ( NYSE:STM – Free Report ) by 15.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,465 shares of the semiconductor producer’s stock after acquiring an additional 2,799 shares during the period. Empowered Funds LLC’s holdings in STMicroelectronics were worth $608,000 at the end of the most recent quarter. A number of other hedge funds have also added to or reduced their stakes in STM. Van ECK Associates Corp boosted its position in shares of STMicroelectronics by 26.5% during the third quarter. Van ECK Associates Corp now owns 8,195,521 shares of the semiconductor producer’s stock valued at $228,655,000 after buying an additional 1,719,257 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of STMicroelectronics by 177.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,311,888 shares of the semiconductor producer’s stock valued at $90,806,000 after purchasing an additional 1,478,213 shares during the last quarter. Federated Hermes Inc. boosted its holdings in STMicroelectronics by 128.1% during the second quarter. Federated Hermes Inc. now owns 648,403 shares of the semiconductor producer’s stock worth $25,469,000 after purchasing an additional 364,184 shares during the last quarter. Mediolanum International Funds Ltd purchased a new stake in STMicroelectronics in the 3rd quarter valued at about $7,642,000. Finally, Lombard Odier Asset Management Europe Ltd boosted its stake in shares of STMicroelectronics by 581.9% in the 2nd quarter. Lombard Odier Asset Management Europe Ltd now owns 225,428 shares of the semiconductor producer’s stock worth $8,855,000 after buying an additional 192,369 shares during the last quarter. Institutional investors and hedge funds own 5.05% of the company’s stock. Wall Street Analyst Weigh In Several research analysts have weighed in on the company. Robert W. Baird cut their price objective on STMicroelectronics from $35.00 to $30.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Susquehanna restated a “positive” rating and set a $33.00 price target on shares of STMicroelectronics in a research report on Thursday. Morgan Stanley downgraded shares of STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research report on Monday, November 4th. StockNews.com lowered STMicroelectronics from a “buy” rating to a “hold” rating in a report on Thursday, September 19th. Finally, Citigroup raised STMicroelectronics to a “strong-buy” rating in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, STMicroelectronics currently has a consensus rating of “Moderate Buy” and an average target price of $37.63. STMicroelectronics Price Performance Shares of STMicroelectronics stock opened at $24.48 on Friday. The firm has a market cap of $22.12 billion, a PE ratio of 10.07, a price-to-earnings-growth ratio of 2.98 and a beta of 1.57. The company’s fifty day simple moving average is $27.46 and its two-hundred day simple moving average is $33.84. The company has a quick ratio of 2.16, a current ratio of 2.84 and a debt-to-equity ratio of 0.12. STMicroelectronics has a 12-month low of $23.95 and a 12-month high of $51.27. STMicroelectronics ( NYSE:STM – Get Free Report ) last announced its earnings results on Thursday, October 31st. The semiconductor producer reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. STMicroelectronics had a return on equity of 13.29% and a net margin of 16.11%. The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.27 billion. During the same quarter in the prior year, the company earned $1.16 earnings per share. The firm’s revenue for the quarter was down 26.6% on a year-over-year basis. As a group, equities analysts expect that STMicroelectronics will post 1.64 EPS for the current year. STMicroelectronics Company Profile ( Free Report ) STMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments. Featured Stories Want to see what other hedge funds are holding STM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for STMicroelectronics ( NYSE:STM – Free Report ). 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