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Disney said Wednesday it has an estimated 157 million global monthly active users watching ad-supported content across its streaming platforms — Disney+, Hulu and ESPN+.

That number includes 112 million users domestically and is an average per month over the last six months.

While traditional TV outlets have a standard way of measuring ratings and viewership, there is still no industry standard methodology for measuring global streaming advertising audience size.

The company said that its Disney Advertising unit has “set out to define a globally consistent approach and methodology to estimate ad-supported audience numbers.” It’s providing the update and further insight into its ad-supported streaming business during the annual CES tech conference in Las Vegas, a go-to event for the advertising and media industry.

“Disney sits at the intersection of world class sports and entertainment content, with the most high-value audiences in ad-supported global streaming at scale,” said Rita Ferro, Disney’s president of global advertising, in a news release. “We wanted to be the first to offer our industry greater transparency into the methodology used to estimate our engaged global ad-supported monthly active users.”

In explaining the methodology, the company said the metric is derived from active accounts across Disney’s three streaming services that have viewed ad-supported shows and movies continuously for more than 10 seconds. “Each active account is then multiplied by the number of estimated users per account … to estimate the total number of users,” it said. The estimated active users are added across the apps without de-duplication, meaning users who subscribe to more than one of the platforms could be counted more than once.

Media companies have become particularly focused on generating profits from their streaming businesses, and advertising has become a key way to do that. While many platforms were initially subscription services without commercials, streaming platforms in recent years have introduced cheaper, ad-supported tiers for consumers.

Disney CEO Bob Iger has said that the company is trying to steer its customers toward its ad-supported tiers. The company has raised prices on commercial-free options since launching Disney+ with ads in late 2022.

Disney’s Hulu was one of the first streaming platforms to offer an ad-supported option. More recently, Disney+ introduced an ad-supported tier.

In November, Disney said it had 122.7 million Disney+ Core subscribers, which excludes Disney+ Hotstar in India and other countries in the region. Hulu had 52 million subscribers, while ESPN+ had 25.6 million paid subscribers.

The company historically hasn’t reported exactly how many subscribers on each platform pay for the ad-supported option, but executives in the earnings call in November said more than half of new U.S. Disney+ subscribers were choosing the cheaper, ad-supported tier, adding this “bodes well for the future.”

Disney noted during the call that average revenue per user for domestic Disney+ customers dropped from $7.74 to $7.70, due to a higher mix of customers on its cheaper, ad-supported tier and wholesale offerings. 

Executives also said in November that they were confident streaming would “be a significant growth area” for the company.

At the time, the company reported that its combined streaming business, which includes Disney+, Hulu and ESPN+, posted operating income of $321 million for the September period compared with a loss of $387 million during the same period the year prior.

Disney will report its fiscal first-quarter earnings on Feb. 5 before the bell.

This post appeared first on NBC NEWS

The United States should increase and promote both official and unofficial contacts with Taiwan’s government and the Taiwanese military during President-elect Donald Trump’s second term, regardless of the inevitable Beijing response of ‘anger’ and ‘hurt feelings,’ analysts say. 

Exchanges between U.S. officials, scholars, as well as members of think tanks, foundations, and institutes, will be crucial for accurate information to be relayed to both the American and Taiwanese public and their respective governments, say experts.

On Thursday, a delegation from the Ronald Reagan Presidential Foundation and Institute met with Taiwan President William Lai, Vice President Bi-khim Hsiao and Foreign Minister Lin Chia-lung. 

‘We deeply appreciate the bipartisan support from our American friends and welcome delegations from the U.S. and like-minded nations,’ Lin told Fox News Digital in exclusive comments. 

The foreign minister added, ‘These visits demonstrate concrete support for Taiwan and contribute to peace and stability in the Taiwan Strait, essential for global security and prosperity.’ 

Speaking from Taipei, David Trulio, president and CEO of the Ronald Reagan Presidential Foundation and Institute, told Fox News Digital, ‘We met with the President, Vice President, Foreign Minister, and other government leaders to advance President Reagan’s legacy and our shared values of freedom and democracy, economic opportunity, and peace through strength.’ 

Describing Taiwan as ‘a vibrant democracy and key economic partner of the United States,’ Trulio added that visits to Taiwan – by U.S. civil society groups, foundations, think tanks, and official U.S. government officers – serve as ‘valuable opportunities to maintain relationships with Taiwan’s leaders, address challenges and opportunities, and visibly promote shared values.’ 

The Reagan Foundation, comprised of national security and business leaders, met with representatives from all three of Taiwan’s main political parties, as well as top Taiwanese government officials, during a weeklong visit to Taiwan, a self-ruled island that has never been governed by Communist China. Beijing claims Taiwan as its territory and never misses a chance to make bombastic statements against what it calls ‘secessionist forces.’ 

Chinese President Xi Jinping’s 2024 New Year’s address included claims that ‘reunification’ was a ‘historical inevitability,’ despite the two sides being separately ruled for more than 70 years. Beijing has refused to pledge to seek only peaceful options for ‘unity’ and says it reserves the option of using military force.

While Foreign Minister Lin did not directly reference pre-U.S. election comments by then-Republican candidate Trump that ‘Taiwan should pay us for defense,’ he did not sidestep the issue. In comments to Fox News Digital, Lin said, ‘Taiwan has increased its defense spending by over 80% since 2016, reaching US$20 billion U.S. dollars in 2024. In 2025, if the special budget for military procurement is included, Taiwan’s total military spending is expected to account for 20% of the central government’s annual budget—higher than that of the U.S.’

This is the Reagan Foundation’s second time leading a delegation to Taiwan in as many years. A recent poll conducted by the foundation showed roughly 70-75% of Americans – Democrats and Republicans alike – would support strong measures should China make the ill-advised choice to use military force against Taiwan. For example, a significant majority agreed that should there be an attack, the U.S. should immediately recognize Taiwan as a sovereign nation. 

The current reality is that China faces significant domestic challenges and is not in a position of strength. In 2022, despite threats of ‘dire consequences,’ then-Speaker of the House Nancy Pelosi visited Taiwan, and the Chinese response was hardly ‘dire.’ The following year, after Republicans took control of the House, the then President Tsai Ing-wen met with then-Speaker of the House Kevin McCarthy during a stop in California, a historic first meeting between a Taiwanese president and a U.S. House speaker on U.S. soil. 

China responded with three days of war games and a simulated blockade of the island, but those exercises and maneuvers demonstrated no new capabilities that the U.S. or Taiwanese defense departments were not aware of already. Speaking after meeting with McCarthy in 2023, President Tsai told the media, ‘To preserve peace, we must be strong,’ clearly paraphrasing former President Ronald Reagan. 

‘China can and will huff and puff over visits, especially ones involving in-office U.S. government personnel,’ Liam Keen told Fox News Digital via email. ‘But we cannot allow the theatrics of mock blockades and firing rockets into the sea to in any way deter closer U.S.-Taiwan exchanges.’ Keen, who is part of the U.S.-based NGO Formosan Association for Public Affairs, noted his organization strongly supported and was instrumental in helping the Taiwan Travel Act get passed in Congress and signed into law by then-President Donald Trump in 2018. 

The Taiwan Travel Act – which China predictably harshly criticized – removed many previous restrictions on travel to Taiwan by U.S. officials. Keen noted that ‘The act passed unanimously in the U.S. Senate. I think China calling it a ‘red line’ only emboldened sponsors of the law such as Sen. Marco Rubio, R-Fla., and [former] Rep. Steve Chabot, R-Ohio., which is exactly the right way to respond to bullying by the Chinese Communist Part.’

Foreign Minister Lin told Fox News Digital that Taiwan’s government looked forward to working with the new U.S. administration. ‘Strengthening economic partnerships is also crucial,’ he said. ‘Taiwanese businesses, such as TSMC with its $65 billion investment in Arizona, are increasingly investing in the U.S.’ Lin noted that Taiwanese President Lai has emphasized the importance of Taiwan’s global role, with Lin quoting Lai as saying, ‘The more secure Taiwan is, the more secure the world will be.’ 

War between the U.S. and China over Taiwan would be catastrophic for both superpowers and the globe. Aside from horrific human losses, Bloomberg Economics estimated in 2024 that the ‘price tag’ of such a war could be around $10 trillion; 10% of global GDP – ‘dwarfing the blow from the war in Ukraine, COVID pandemic and global financial crisis.’ Increased contact between the United States and Taiwan to build trust, and transmit accurate, bias-free information is a major key to ensuring such a conflict never happens. 

This post appeared first on FOX NEWS

Garth Brooks and Trisha Yearwood paid their respects to former President Carter and honored their friendship with the American leader Thursday.

Brooks and Yearwood dressed in all black while singing John Lennon’s ‘Imagine’ at the end of Carter’s funeral at Washington National Cathedral Jan. 9. The couple maintained a friendship with the former president throughout the years.

‘President Carter, the legacy you and Rosalynn have left us is as beautiful as the life you lived,’ Brooks said in a statement shared shortly after Carter’s death. 

‘Thank you for your lifetime of service to our country and the world. You inspired us not just by what you said, but by what you built. We love you.’

The former president had reportedly requested that Brooks and Yearwood perform the song at the funeral. Fox News Digital reached out to the Carter Center for comment.

Brooks and Yearwood performed the same duet at Rosalynn Carter’s funeral in November 2023. Rosalynn’s service was held at Emory University’s Glenn Memorial Church in Atlanta. The couple dressed in all black for the somber occasion.

At the time, Brooks spoke highly of Rosalynn and shared how close the former first lady and his wife had become over the years.

‘They were inseparable,’ he explained at a press conference, according to ‘Today.’ ‘Miss Yearwood called her ‘quiet warrior.”

He shared his own admiration for Carter’s wife, telling reporters, ‘If you ever got to hang around her, President Carter always steals the show, and then when it comes time for her to speak, she’ll walk to the mic. What she says is very quiet but yet very powerful.’

Brooks and Yearwood met the Carters working for Habitat for Humanity. The former president and his wife first began working with the charity in 1984. The couple led a renovation project on a 19-unit apartment building in New York City.

The country music stars became involved with Habitat for Humanity years later, after Hurricane Katrina left destruction in New Orleans.

‘After Katrina in ’07, we fell in love with Habitat for Humanity. We knew we loved the Carters, and we fell more in love with them just getting a chance to work alongside them,’ Yearwood told People magazine in 2023. ‘We love what Habitat for Humanity is about — spreading love. It is about creating community.

‘To whom much is given, much is expected,’ she added. ‘We’ll never fill their shoes, but we’re doing the best we can.’

Brooks and Yearwood were also ‘inspired’ by Carter and Rosalynn’s 77-year marriage.

‘They’ve inspired us in a lot of ways, in the ways you expect — humanity, humbleness, work ethic. But they’ve also inspired us by their example as husband and wife,’ Brooks told People in 2023.

‘We worked beside them for the last 15 years, and you notice right away they bicker back and forth about the right way to do things. That kind of works for us too!’

In 2019, Brooks and Yearwood performed at the Grand Ole Opry with Carter as part of a Habitat for Humanity project. Carter and his wife were in Nashville to build houses with the organization.

‘We get more out of Habitat than we’ve ever put into it,’ the former president said during the closing ceremony at the Opry, according to Opry.com. It was one of Carter’s last visits to the legendary Ryman Auditorium.

Carter wasn’t only close with Brooks and Yearwood. The former leader of the United States had a handful of celebrity confidants. He spent time with Bob Dylan, Willie Nelson, Greg Allman, Johnny Cash and Jimmy Buffett, to name a few.

‘They’ve inspired us in a lot of ways, in the ways you expect — humanity, humbleness, work ethic. But they’ve also inspired us by their example as husband and wife.’

— Garth Brooks

Brooks and Yearwood recently attended the 2024 Jimmy and Rosalynn Carter Work Week Project to celebrate Carter’s 100th birthday in St. Paul, Minnesota. Habitat for Humanity hosted the week-long event, which focused on building houses and raising awareness for affordable housing.

‘He definitely wants to know that we’re working, and this is why we’re here. He has a legacy of service, and he never stopped serving,’ Yearwood told People magazine in October. 

‘He’s not physically standing here building, swinging a hammer. But we feel his presence and Ms. Rosalynn’s presence strongly. We’re just two volunteers, but everybody who’s on this site feels that responsibility to make them proud.’

Carter entered hospice care in February 2023 and died Dec. 29, 2024.

The former president died surrounded by his family roughly 22 months after entering hospice care at his home in Georgia. Carter battled metastatic melanoma in 2015. His skin cancer was treated with surgery, radiation and immunotherapy at the age of 90.

This post appeared first on FOX NEWS

President-elect Donald Trump’s victory in November’s election has given hope to Brazil’s former leader Jair Bolsonaro, who is currently barred from running for public office until 2030 due to a ruling by Brazil’s Superior Electoral Court. 

Known as the ‘Trump of the Tropics,’ the court decision stemmed from his alleged abuse of power and ‘unfounded attacks on the country’s electronic voting system.’

Despite the prohibition, Bolsonaro and his supporters are actively seeking avenues to overturn the ruling. The expected legal challenges and political strategies pin a lot of hope on Trump. Furthermore, Bolsonaro is counting on the president-elect to exert pressure on the government of Brazilian President Luiz Inácio Lula da Silva (Lula) so he can challenge for the presidency in 2026.

‘Trump’s victory goes far beyond being positive for democracy in Brazil and the world; it is good news for global peace,’ Bolsonaro’s son, Congressman Eduardo Bolsonaro, told Fox News Digital. 

He noted how ‘President Lula, days before the election, had expressed support for Kamala Harris and suggested that a new Trump administration would be ‘Nazism in another form.’ However, after Trump’s victory, Lula congratulated the president-elect and tried to downplay his earlier, widely criticized statement.’

Nonetheless, key Lula allies, including the leader of the Workers Party, Gleisi Hoffmann, along with Finance Minister Fernando Haddad and Agriculture Minister Paulo Teixeira, have lambasted the incoming Trump administration.

Bolsonaro believes Trump’s victory will put the present government in a bind.

‘Lula and his team know they will not be able to control Trump, so their only option is to try to destroy him by aligning themselves even further with China. The result is the continued political polarization and debates far removed from the true concerns of the population, which seeks solutions for issues like healthcare, education, security, employment, and basic sanitation. This disconnect from ordinary citizens strongly resembles the reasons behind the Democratic Party’s defeat in the last American election – it’s almost a ‘déjà vu.’’

Lula and BRICS countries have discussed ways to combat the dominance of the dollar in global financial markets, but Bolsonaro argues that such a strategy will be counter-productive. 

‘Trump announced on his social media that countries adopting this stance would face a 100% tariff on their exports to the U.S. Such a conflict never occurred during Jair Bolsonaro’s presidency, whether under Trump or Biden,’ he said, adding, ‘This situation will create significant pressure on Lula’s business base. A large portion of these entrepreneurs maintain substantial trade relations with the U.S. and are often the largest donors to the socialist’s electoral campaigns. Despite ideological alignment in some areas, these businesspeople prioritize economic pragmatism.’

The BRICS countries include Brazil, Russia, India, China and South Africa.

Bolsonaro also views the Bolsonaro/Trump ideological alignment on freedom of speech issues as a key component to a potential return of Bolsonaro to the political realm.

In March 2022, Minister of the Supreme Federal Court of Brazil Alexandre de Moraes ordered the suspension of the messasging app Telegram in Brazil, and in 2024, he ordered X to block accounts allegedly spreading false information. Elon Musk publicly criticized these orders as censorship. The dispute escalated when de Moraes imposed fines and threatened legal action, leading to a temporary suspension of X’s operations in Brazil. The platform resumed services after complying with court mandates. 

The last opinion polls conducted in May 2024 indicated that Bolsonaro would secure 39% of the vote in a hypothetical matchup against current President Luiz Inácio Lula da Silva, who polled at 47%. However, experts consider these figures to be hypothetical, given Bolsonaro’s current ineligibility. At the same time, Bolsonaro’s popularity has been rising again in recent months. 

The relationship between some Republicans and Lula’s administration has been characterized by limited direct engagement, primarily due to differing ideological stances and policy priorities. Historically, the Republican Party has maintained closer ties with right-leaning Brazilian leaders, notably President Bolsonaro, who shared similar conservative viewpoints.

Political analyst Sandra Bronzina told Fox News Digital, ‘Not long ago Congresswoman María Elvira Salazar sponsored a measure to deny visas to members of the Brazilian Supreme Court for abuse of power. At the time, the measure was not approved, but now that the Republicans will have a majority, it could be revisited. We cannot forget that Minister Alexandre de Moraes, of the Brazilian Supreme Court, was in direct confrontation with Elon Musk, even removing X from Brazil. It turns out that now Elon Musk will be part of the Trump government.’

Bronzina said, ‘The fact that Trump has returned with a resounding electoral win does not bode well for the Lula administration. In a very short time, Lula’s economic policies have been a disaster, the dollar has risen a lot, inflation has increased, the country’s debt already exceeds 9 trillion reals, and all of this impacts the voter daily. I think that just like in the U.S., where bad economic policies made them miss Trump, the Brazilians right now are also missing Bolsonaro and his Economy Minister, Paulo Guedes.’

Analysts consider that while Bolsonaro enjoys a significant support base and is actively seeking to overturn his political ban, his chances of being re-elected president remain uncertain due to existing legal constraints.

‘The Supreme Court disqualified Jair Bolsonaro in a very unfair decision…but the right will be strengthened now since Donald Trump’s victory gave the right in Brazil new hope in 2026. The 2024 elections were favorable for right-wing candidates. Lula’s popularity is also very low, which means that in 2026 the right’s options are enormous’, Congressman Marcel van Hattem told Fox News Digital.

This post appeared first on FOX NEWS

Canada’s main stock index gained on Wednesday (January 8), driven by strength in tech and mining stocks.

Investors continue to weigh the impact of potential US trade policy changes under President-elect Donald Trump, as well as his renewed interest in taking ownership of Greenland, an idea he first raised in 2019.

The S&P/TSX Composite Index (INDEXTSI:OSPTX) closed at 25,049.66, recovering from two consecutive sessions of losses following Justin Trudeau’s resignation as Canadian prime minister on Monday (January 6).

According to CNN, Trump is reportedly considering declaring a national economic emergency so that he can impose widespread tariffs under the International Emergency Economic Powers Act (IEEPA).

The tech sector led gains in Canada, rising 1.8 percent after sharp losses earlier in the week. Mining stocks also supported the index, with the materials group adding 1.7 percent as gold and copper prices strengthened. The sector’s performance was bolstered by expectations that a weaker US dollar could make commodities more attractive globally.

On the other hand, some Canadian exporters and manufacturers remain cautious about the possible tariffs. Concerns have been raised about how universal tariffs might affect industries reliant on cross-border trade with the US.

Market watchers anticipate Trump turmoil

In the US, major indexes continued to rally, led by gains in large-cap tech stocks.

The S&P 500 (INDEXSP:.INX) and Nasdaq Composite (INDEXNASDAQ:.IXIC) both advanced on Wednesday, reflecting investor optimism despite speculation around Trump’s tariff plans.

The US dollar’s weakness, reversing its recent surge, was another key factor driving gains in equities.

Trump’s actions are drawing comparisons to his first term, when abrupt policy announcements frequently impacted global markets. In 2019, the president-elect invoked IEEPA to threaten tariffs on Mexican imports; however, the move was later withdrawn following a bilateral agreement on immigration measures.

Commodities prices broadly saw gains as the US dollar weakened. For its part, the Canadian dollar remained relatively steady, benefiting from higher commodities prices, but tempered by broader market caution.

Oil prices, however, remained under pressure, with concerns about global demand overshadowing temporary gains in other asset classes. Energy stocks in Canada showed mixed performances.

Trump’s renewed interest in Greenland

As mentioned, markets are also fluctuating in part due to Trump’s renewed interest in Greenland.

In addition to his comments, Donald Trump Jr.’s visit to Greenland this week, described as a personal trip, has drawn attention to the island’s strategic location and resources, including rare earths.

While both Greenland and Denmark have dismissed the possibility of a sale, US interest in Greenland continues to make headlines, particularly regarding its importance for defense and natural resource availability.

Greenland is an autonomous territory of Denmark, and the country’s foreign minister has said Greenland has the right to pursue independence if its residents choose; even so, he rejected the idea that it could become a US state.

The implications of these events were felt as far away as Australia, where shares of ASX-listed Energy Transition Minerals (ASX:ETM,OTC Pink:GDLNF) soared by 36 percent. The company, which owns the Kvanefjeld rare earths project in Southern Greenland, has positioned itself as a player in the global green energy transition.

Trump’s comments have added new momentum to discussions about Greenland’s resource potential, even as the territory remains firm on its stance that it is ‘not for sale.’

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Nova Minerals (ASX:NVA,NASDAQ:NVA) announced on Wednesday (January 8) that it has reached an agreement with Nebari Gold Fund 1 to eliminate its existing convertible debt facility.

The full outstanding balance of US$5.42 million will be converted into ordinary shares, priced at AU$0.25 each.

The deal follows Nova’s sale of its non-core investment in Snow Lake Resources (NASDAQ:LITM) for AU$10.85 million.

According to Nova, Nebari’s intent is to continue in its partner role, now as a supportive shareholder, as Nova works to unlock future value at the Alaska-based Estelle gold and critical minerals project.

“This conversion is a serious vote of confidence by Nebari, which brings us a step closer to realizing our vision which is to concurrently develop Estelle into a tier one gold asset and to help secure a US domestic supply chain for the strategically important mineral antimony,” said Nova CEO Christopher Gerteisen in a release.

After the conversion, Nova will retain all the proceeds of the Snow Lake sale for the development of Estelle. The company said that after the exercise of NASDAQ warrants over the last few ays its cash position stands at AU$16 million.

‘Establishing a domestic source of the critical mineral antimony is more important than ever, and we stand ready to responsibly produce critical resources here at home and help strengthen America’s national and economic security,’ Nova said.

Gerteisen added that the company will continue to work with Nebari in the operational phase of Estelle.

The conversion is set to happen on January 13.

West Red Lake, Lion One working with Nebari

Nebari has also been involved in other transactions over the past few weeks.

Canadian company West Red Lake Gold Mines (TSXV:WRLG,OTCQB:WRLGF) announced on January 2 that it has entered into a completed credit agreement with Nebari to borrow up to US$35 million.

The companies first entered into a non-binding term sheet in October 2024.

In addition, gold producer Lion One Metals (TSXV:LIO,OTCQX:LOMLF) entered into an agreement with Nebari to amend certain terms and draw down a further US$4 million of its senior secured financing facility.

The agreement was announced on December 2, 2024, along with the company’s updated financial results.

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Fintech, or financial technology, has become an integral part of everyday life, and many US fintech stocks are seeing success.

Firms like Boston Consulting Group and Silicon Valley Bank are projecting growth in the market, and since the fintech umbrella covers such a wide range of companies, diverse businesses can profit as the industry develops.

Read on for a look at the NASDAQ’s best-performing fintech stocks of the year. Data was gathered using TradingView’s stock screener on January 8, 2025, and companies with market caps of at least US$50 million were considered.

1. Sezzle (NASDAQ:SEZL)

Year-over-year gain: 1,241.19 percent
Market cap: US$1.39 billion
Share price: US$248.12

Sezzle is a buy now-pay later (BNPL) fintech company that launched in 2016. Its digital payment platform provides an alternative for millions of consumers with limited access to traditional credit.

Sezzle offers a full-suite of interest-free installment plans at online stores and select in-store locations across the US, Canada and Australia. It is the only BNPL platform in North America to offer credit reporting optionality through its Sezzle Up program, allowing users to build credit.

As of September 2024, Sezzle had an estimated 529,000 active subscribers. Since its inception it has generated US$8.1 billion in underlying merchant sales, and 15 million completed sign ups. The company achieved its first quarter of profitability in November 2022.

Sezzle’s stock increased in value gradually in the first half of 2024 to reach over US$78 per share in early August. After the company released its positive Q2 2024 financials, its share price shot up to US$106.50 on August 8. The report showed that total revenue (less transaction related costs) reached a record high for the quarter, up 71.7 percent year-over-year to US$32.2 million.

The company’s share price continued to climb, hitting US$170.59 by the end of the third quarter. After releasing its stellar Q3 2024 financial report on November 7, which showed total revenue growth up 71.3 percent year-over-year, its stock value skyrocketed from US$250.47 to US$431.48 in one day.

Shares in Sezzle reached their yearly peak of US$464 on November 25, before pulling back to the US$260 range by the end of the year following a critical short report released by Hindenburg Research on December 18.

2. Dave (NASDAQ:DAVE)

Year-over-year gain: 859.06 percent
Market cap: US$1.09 billion
Share price: US$85.26

Dave is a US-based neobank and a pioneer in the fintech space. The company offers digital banking services through its mobile banking app, launched in 2017. Its offerings include the Dave Debit Card through a license from Mastercard, and its ExtraCash cash advance program. Dave partners with Evolve Bank & Trust, an FDIC member.

Dave’s share price has benefited greatly over the past year from the company’s record-setting growth quarter after quarter. In May 2024, its Q1 2024 financial report highlighted record revenue of US$73.6 million, up 25 percent year-over-year. The company’s share price jumped over 12 percent in one day to US$52.30 on May 7.

But it was the company’s Q3 2024 financial report that really rallied the stock. Dave saw its revenues for the quarter rise by 41 percent year-over-year to US$92.5 million, the company’s fourth consecutive quarter of year-over-year revenue growth. In response, the value of the fintech stock surged from US$62.80 to US$90.43 per share. Shares in Dave hit their yearly peak of US$103.96 on December 17.

3. Root (NASDAQ:ROOT)

Company Profile

Year-over-year gain: 600 percent
Market cap: US$1.17 billion
Share price: US$77.42

Founded in 2015, Root is the parent company of Root Insurance Company, which through the Root app brings data science and technology to the auto insurance market. Currently operating in 34 states, it is the largest insurtech company in the United States.

Like the other tech stocks on this list, Root’s share price over the past year has been driven in large part by its excellent quarterly financial performance. After posting its Q4 2023 financials, which included the best bottom-line quarterly results in the company’s history, Root’s share price grew by more than 350 percent from February 21 to US$39.11 on March 1, 2024. The following month, Root’s stock value had more than doubled to US$82.90 on April 5.

The company’s Q3 2024 financials report was also a significant catalyst for the stock. Root achieved net income profitability for the first time in its history on both a quarter-to-date and year-to-date basis. Shares in Root grew by nearly 69 percent from US$40.49 on October 30 to US$68.39 on October 31. The stock reached its yearly peak of US$109.40 on November 21.

4. Robinhood Markets (NASDAQ:HOOD)

Year-over-year gain: 233.14 percent
Market cap: US$36.08 billion
Share price: US$40.81

Robinhood Markets is a California-based fintech company that offers commission-free stock trading and emphasizes “democratizing access to the markets for millions of investors.” On its digital platform, users can trade stocks, options, commodity interests and crypto. In June, the company said it will acquire global cryptocurrency exchange Bitstamp.

Robinhood’s stock had its best quarter of 2024 in Q4. On October 30, the company released its Q3 2024 financials, highlighting its second highest revenues on record (up 36 percent year-over-year to US$637 million). Additionally, its year-to-date net deposits of US$34 billion and year-to-date revenues of US$1.94 billion were both higher than any prior full year period.

In its October 2024 operating data report released on November 11, Robinhood reported funded customers at the end of October were 24.4 million, which was up over 1 million year-over-year. Additionally, assets under custody totaled US$159.7 billion, up 5 percent from September 2024 and up 89 percent year-over-year. The following month, the company reported its November 2024 operating data, which showed funded customers had grown to 24.8 million and assets under custody hit US$195 billion.

Shares in Robinhood grew by more than 66 percent over the fourth quarter to US$37.26 on December 31, 2024. The company’s highest yearly peak came on December 16 at US$43.20.

5. Priority Technology Holdings (NASDAQ:PRTH)

Year-over-year gain: 215.79 percent
Market cap: US$880.06 million
Share price: US$11.40

Priority Technology Holdings is a payments and banking fintech firm that provides services to more than 1.1 million active customers spanning small to medium businesses, business to business and enterprises. Its platform allows for the collecting, storing, lending and sending of money.

Priority is another fintech stock on this list that had a great fourth quarter in 2024. Shares in the company rose 88 percent over the period to reach US$11.75 per share on December 31.

In its Q3 2024 financials, Priority’s reported revenues were up 20.1 percent year-over-year to US$227 million. Adjusted gross profit grew by 18.9 percent to US$86 million over the same period, and its operating income rose 62 percent to US$38.1 million.

Priority’s stock value reached its highest yearly peak of US$12.29 on January 3, 2025.

Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Hundreds of thousands of barefoot devotees joined an annual procession in the Philippines of a centuries-old statue of Jesus Christ on Thursday in one of the world’s grandest displays of Catholic devotion and expressions of faith.

Filipinos turned the streets of Manila to a sea of maroon and gold and swarmed the “Black Nazarene,” a life-sized image of Jesus Christ bearing down a cross, as devotees jostled for a chance to pull the thick rope towing the carriage across the Philippine capital.

A girl peeks out from the crowd during the procession in Manila on Thursday.
Filipino Catholic devotees jostle to touch the carriage carrying the statue of the Black Nazarene during the procession in Manila on Thursday.

The procession’s organizers have estimated about 220,000 people attended mass before the procession, while 94,500 were in the march as of 8 a.m. (0000 GMT). That number is expected to swell as it moves along its 5.8 km (3.6 mile) route.

Other devotees threw white towels at the image as marshals wiped them on its surface, believing that touching the statue would bless them and heal their illnesses.

Nearly 80% of Filipinos identify as Roman Catholic, a key legacy of more than 300 years of Spanish colonization in the Philippine archipelago.

The late Filipino priest and theologian Sabino Vengco said in 2019 the statue’s revered black color was due to the mesquite wood used in constructing the image, debunking a longstanding myth its blackened image was due to a fire that erupted on the ship that carried it to the Philippines from Mexico in the early 17th century.

A Catholic devotee kisses the carriage during the procession in Manila.
Filipino Catholic devotees queue to touch the Black Nazarene before its annual procession in Manila.

The procession, called the “traslacion,” or translation, commemorates the transfer of the Black Nazarene from a church inside the old Spanish colonial capital of Intramuros, in present-day Manila, to its current location in Quiapo church.

Cardinal Jose Advincula, Manila’s archbishop, told devotees on Thursday to turn away from evil, greed and vices and follow the teachings of Jesus Christ.

“Let us live up to his commandments, embrace his teachings and follow his example. It is better to follow the Beloved Lord,” Advincula said in his homily ahead of the procession.

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Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: LODFF) (‘Lode Gold ‘ or the ‘Company’) is pleased to announce it has updated its trading symbol in the US on OTCQB.

The company’s common shares, which were previously traded under the ticker symbol LODFF on the OTCQB, will now be traded on the OTCQX under the same symbol LODFF, starting from December 10th, 2024. Lode Gold Resource will still be trading on the TSX Venture Exchange in Canada under the symbol LOD.V.

No action is required by current shareholders with respect to the ticker symbol change.

About Lode Gold

Lode Gold (TSXV: LOD) is an exploration and development company with projects in highly prospective and safe mining jurisdictions in Canada and the United States.

In Canada, its Golden Culvert and WIN Projects in Yukon, covering 99.5 km2 across a 27-km strike length, are situated in a district-scale, high grade gold mineralized trend within the southern portion of the Tombstone Gold Belt. A total of four RIRGS targets have been confirmed on the property. A NI 43-101 technical report has been completed in May 2024.

In New Brunswick, Lode Gold has created one of the largest land packages with its Acadian Gold JV Co; consisting of an area that spans 420 km2 and a 42 km strike. McIntyre Brook covers 111 km2 and a 17-km strike in the emerging Appalachian/Iapetus Gold Belt; it is hosted by orogenic rocks of similar age and structure as New Found Gold’s Queensway Project. Riley Brook is a 309 km2 package covering a 25 km strike of Wapske formation with its numerous felsic units. A NI 43-101 technical report has been completed in August 2024.

In the United States, the Company is advancing its Fremont Gold project. This is a brownfield project with over 43,000 m drilled and 23 km of underground workings. It was previously mined at 8 g/t Au in the 1940’s.

Mining was halted in 1942 due the gold prohibition in WWII just as it was ramping up production. Unlike typical brownfield projects that are mined out; only 11% of the veins – in 2 out of 7 deposits have been exploited. The Company is the first owner to investigate an underground high grade mine potential at Fremont.

The project is located on 3,351 acres of private and patented land in Mariposa County. The asset is a 4 km strike on the prolific 190 km Mother Lode Gold Belt, California that produced over 50,000,000 oz of gold and is instrumental in the creation of the towns, the businesses and infrastructure in the 1800s gold rush. It is 1.5 hours from Fresno, California. The property has year-round road access and is close to airports and rail.

Previously, in March 2023 the company completed an NI 43 101 Preliminary Economic Assessment(‘ PEA’). Project Valuation has an after-tax NPV (5%) of USD $370M at $2000 2 /oz gold, IRR 31% and an 11-year LOM, averaging 118,000 oz per year. At $1,750 /oz gold, NPV (5%) is $217M. The project hosts an NI 43-101 resource of 1.16 Moz at 1.90 g/t Au within 19.0 MT Indicated and 2.02 Moz at 2.22 g/t Au within 28.3 MT Inferred. The MRE evaluates only 1.4 km of the 4 km strike of Fremont property. Three step-out holes at depth (up to 1200 m) hit structure and were mineralized.

All NI 43-101 technical reports are available on the Company’s profile on SEDAR+ (www.sedarplus.ca) and the Company’s website (www.lode-gold.com).

QUALIFIED PERSON STATEMENT

The scientific and technical information contained in this press release has been reviewed and approved by Jonathan Victor Hill, Director, BSc (Hons) (Economic Geology – UCT), FAusIMM, and who is a ‘qualified person’ as defined by NI-43-101.

ON BEHALF OF THE COMPANY

Wendy T. Chan, CEO & Director

Information Contact

Winfield Ding
CFO
info@lode-gold.com
+1 (604) 977-4653

Kevin Shum
Investor Relations
kevin@lode-gold.com
+1 (647) 725-3888 ext. 702

Cautionary Note Related to this News Release and Figures

This news release contains information about adjacent properties on which the Company has no right to explore or mine. Readers are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company’s properties.

Cautionary Statement Regarding Forward-Looking Information

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes ‘forward-looking statements’ and ‘forward-looking information’ within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the completion of the transaction and the timing thereof, the expected benefits of the transaction to shareholders of the Company, the structure, terms and conditions of the transaction and the execution of a definitive agreement, the timing of submission to the CSE and TSXV, Gold Orogen raising an additional $1,500,000 and the anticipated use of proceeds. Forward-Looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘expect’, ‘potential’, ‘target’, ‘budget’ and ‘intend’ and statements that an event or result ‘may’, ‘will’, ‘should’, ‘could’ or ‘might’ occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-Looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding, among other things: that the Company and GRM will be able to negotiate the definitive agreement on the terms and within the time frame expected, that the Company and GRM will be able to make submissions to the CSE and TSXV within the time frame expected, that the Company and GRM will be able to obtain shareholder approval for the transaction, that the Company and GRM will be able to obtain necessary third party and regulatory approvals required for the transaction, if completed, that the transaction will provide the expected benefits to the Company and its shareholders.

There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include adverse market conditions, general economic, market or business risks, unanticipated costs, the failure of the Company and GRM to negotiate the definitive agreement on the terms and conditions and within the timeframe expected, the failure of the Company and GRM to make submissions to the CSE and TSXV within the timeframe expected, the failure of the Company and GRM to obtain shareholder approval for the transaction, the failure of the Company and GRM to obtain all necessary approvals for the transaction, and r other risks detailed from time to time in the filings made by the Company with securities regulators, including those described under the heading ‘Risks and Uncertainties’ in the Company’s most recently filed MD&A. The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/236682

News Provided by Newsfile via QuoteMedia

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An airstrike by Myanmar’s army on a village under the control of an armed ethnic minority group killed about 40 people and injured at least 20 others, officials of the group and a local charity said Thursday. They said hundreds of houses burned in a fire triggered by the bombing.

The attack occurred Wednesday in Kyauk Ni Maw village on Ramree island, an area controlled by the ethnic Arakan Army in western Rakhine state, they said. The military has not announced any attack in the area.

The situation in the village could not be independently confirmed, with access to the internet and cellphone service in the area mostly cut off.

Myanmar is wracked by violence that began when the army ousted the elected government of Aung San Suu Kyi in February 2021. After the army used lethal force to suppress peaceful demonstrations, many opponents of military rule took up arms and large parts of the country are now embroiled in conflict.

Khaing Thukha, a spokesperson for the Arakan Army, told The Associated Press that a jet fighter bombed the village on Wednesday afternoon, killing 40 civilians and injuring more than 20 others.

“All the dead were civilians. Among the dead and injured are women and children,” Khaing Thukha said. A fire started by the airstrike spread through the village, destroying more than 500 houses, Khaing Thukha added.

It was unclear why the village was targeted. The leader of a local charity group and independent media also reported the airstrike and casualties.

The military government has stepped up airstrikes over the past three years on armed pro-democracy groups collectively known as the People’s Defense Force and on armed ethnic minority groups that have been fighting for decades for greater autonomy. The two groups sometimes carry out joint operations against the army.

Ramree – 340 kilometers (210 miles) northwest of Yangon, the country’s largest city – was captured by the Arakan Army in March last year.

The Arakan Army is the well-trained and well-armed military wing of the Rakhine ethnic minority movement which seeks autonomy from Myanmar’s central government. It is also a member of an alliance of armed ethnic groups that recently gained strategic territory in the country’s northeast on the border with China.

It began its offensive in Rakhine in November 2023 and has now gained control of a strategically important regional army headquarters and 14 of Rakhine’s 17 townships, leaving only the state’s capital, Sittwe, and two important townships near Ramree still in military government hands.

A leader of the charity group, which has been assisting residents of the village, told AP on Thursday that at least 41 people were killed and 50 others were injured in the airstrike, which targeted the village’s market.

The leader, who was away from the town at the time of the airstrike, spoke on condition of anonymity because of security concerns. He said he received the information from members of his group who were in the village and were facing a shortage of medicine to treat the injured people.

Rakhine-based news outlets including Arakan Princess Media also reported the attack and posted photos online showing people putting out fires at their homes.

Rakhine, formerly known as Arakan, was the site of a brutal army counterinsurgency operation in 2017 that drove about 740,000 minority Rohingya Muslims to seek safety across the border in Bangladesh.

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