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NEW YORK (AP) — An early rebound for U.S. stocks on Thursday petered out by the end of the day, leaving indexes close to flat. The S&P 500 edged down by 0.1% following Wednesday’s tumble of 2.9% when the Federal Reserve said it may deliver fewer cuts to interest rates next year than earlier thought. The index had been up as much as 1.1% in the morning. The Dow Jones Industrial Average rose 15 points, or less than 0.1%, following Wednesday’s drop of 1,123 points, while the Nasdaq composite slipped 0.1%. This week’s struggles have taken some of the enthusiasm out of the market, which critics had been warning was overly buoyant and would need everything to go correctly for it to justify its high prices. But indexes remain near their records , and the S&P 500 is still on track for one of its best years of the millennium with a gain of 23%. Traders are now expecting the Federal Reserve to deliver just one or maybe two cuts to interest rates next year, according to data from CME Group. Some are even betting on none. A month ago, the majority saw at least two cuts in 2025 as a safe bet. Wall Street loves lower interest rates because they give the economy a boost and goose prices for investments, but they can also provide fuel for inflation. Micron Technology was one of the heaviest weights on the S&P 500 Thursday. It fell 16.2% despite reporting stronger profit for the latest quarter than expected. The computer memory company’s revenue fell short of Wall Street’s forecasts, and CEO Sanjay Mehrotra said it expects demand from consumers to remain weaker in the near term. It gave a forecast for revenue in the current quarter that fell well short of what analysts were thinking. Lamb Weston, which makes French fries and other potato products, dropped 20.1% after falling short of analysts’ expectations for profit and revenue in the latest quarter. It also cut its financial targets for the fiscal year, saying demand for frozen potatoes is continuing to soften, particularly outside North America. The company replaced its chief executive. Such losses helped overshadow a 14.7% jump for Darden Restaurants, the company behind Olive Garden and other chains. It delivered profit for the latest quarter that edged past analysts’ expectations. The operator of LongHorn Steakhouses also gave a forecast for revenue for this fiscal year that topped analysts’. Accenture rose 7.1% after the professional services company likewise topped expectations for profit in the latest quarter. CEO Julie Sweet said it saw growth around the world, and the company raised its forecast for revenue this fiscal year. Amazon shares added 1.3%, even as workers at seven of its facilities went on strike Thursday in the middle of the online retail giant’s busiest time of the year. Amazon says it doesn’t expect an impact on its operations during what the workers’ union calls the largest strike against the company in U.S. history. In the bond market, yields were mixed a day after shooting higher on expectations that the Fed would deliver fewer cuts to rates in 2025. Reports on the U.S. economy came in mixed. One showed the overall economy grew at a 3.1% annualized rate during the summer, faster than earlier thought. The economy has remained remarkably resilient even though the Fed held its main interest rate at a two-decade high for a while before beginning to cut them in September. A separate report showed fewer U.S. workers applied for unemployment benefits last week, an indication that the job market also remains solid. But a third report said manufacturing in the mid-Atlantic region is unexpectedly contracting again despite economists’ expectations for growth. The yield on the 10-year Treasury rose to 4.57% from 4.52% late Wednesday and from less than 4.20% earlier this month. But the two-year yield, which more closely tracks expectations for action by the Fed in the near term, eased back to 4.31% from 4.35%. The rise in longer-term yields has put pressure on the housing market by keeping mortgage rates higher. Homebuilder Lennar fell 5.2% after reporting weaker profit and revenue for the latest quarter than analysts expected. CEO Stuart Miller said that “the housing market that appeared to be improving as the Fed cut short-term interest rates, proved to be far more challenging as mortgage rates rose” through the quarter. “Even while demand remained strong, and the chronic supply shortage continued to drive the market, our results were driven by affordability limitations from higher interest rates,” he said. A report on Thursday may have offered some encouragement for the housing industry. It showed a pickup in sales of previously occupied homes. All told, the S&P 500 slipped 5.08 points to 5,867.08. The Dow Jones Industrial Average added 15.37 to 42,342.24, and the Nasdaq composite lost 19.92 to 19,372.77. In stock markets abroad, London’s FTSE 100 fell 1.1% after the Bank of England paused its cuts to rates and kept its main interest rate unchanged on Thursday. The move comes as inflation there moved further above the central bank’s 2% target rate, while the British economy is flatlining at best. The Bank of Japan also kept its benchmark interest rate unchanged, and Tokyo’s Nikkei 225 fell 0.7%. Indexes likewise sank across much of the rest of Asia and Europe. AP Business Writers Matt Ott and Elaine Kurtenbach contributed.
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IRVING, Texas , Nov. 26, 2024 /PRNewswire/ -- RumbleOn, Inc. (NASDAQ: RMBL) (the "Company" or "RumbleOn") announced today that it has commenced a $10.0 million fully backstopped registered equity rights offering (the "Rights Offering"), pursuant to which the Company is expected to receive aggregate gross proceeds of $10.0 million , less expenses related to the Rights Offering. The Company intends to use the proceeds from the Rights Offering for general corporate purposes which may include repayment of the Company's convertible senior 6.75% promissory notes due January 1, 2025 . The proceeds raised will also satisfy, in part, the additional capital financing obligations of the Company pursuant to a recent amendment to the Company's credit agreement with Oaktree. The Company is distributing at no charge to the holders of (i) its Class A common stock, par value $0.001 per share (the "Class A common stock"), and (ii) Class B common stock, par value $0.001 per share (the "Class B common stock" and, together with the Class A common stock, the "common stock"), in each case as of the close of business on November 25, 2024 (the "Record Date"), non-transferable subscription rights (the "Subscription Rights") to purchase up to 2,392,344 shares of Class B common stock at price of $4.18 per share (the "Subscription Price"). The aggregate subscription value of all shares of Class B common stock available for purchase in the Rights Offering is $10.0 million . Each holder of common stock as of the Record Date (each, an "Eligible Stockholder") will receive one Subscription Right for each share of the common stock owned as of the Record Date. Each Subscription Right entitles the holder to purchase 0.0677 shares of Class B common stock. The Company will not issue any fractional shares of Class B common stock in the Rights Offering. Instead, the Company will round down the aggregate number of shares of Class B common stock the Eligible Stockholders are entitled to receive to the nearest whole number. Accordingly, as each Subscription Right represents the right to purchase 0.0677 shares of Class B common stock, an Eligible Stockholder must hold at least 15 shares of Class A common stock or Class B common stock to receive sufficient Subscription Rights to purchase at least one share of Class B common stock in the Rights Offering. Eligible Stockholders will not be entitled to exercise an over-subscription privilege to purchase additional shares of Class B common stock that may remain unsubscribed as a result of any unexercised Subscription Rights. The Subscription Rights will expire and will have no value if they are not exercised prior to 5:00 p.m. Eastern Time , on the expiration time for the Rights Offering (the "Expiration Time"), which is currently expected to be 5:00 p.m. Eastern time on December 12, 2024 , unless the Company, in its sole discretion, extends the period for exercising the Subscription Rights. Subject to the terms and conditions of the Support and Standby Purchase Agreement (defined below), the Company reserves the right to cancel, terminate, amend, or extend the Rights Offering at any time prior to the Expiration Time. On November 26 , 2024, the Company entered into a support and standby purchase agreement (the "Support and Standby Purchase Agreement") with Stone House Capital Management, LLC, which is a holder of Class B common stock and is managed by Mark Cohen , a member of the board of directors of the Company (together with its affiliates, the "Standby Purchaser"), and Mark Tkach and William Coulter , each of whom is a holder of the Class B common stock and a member of the board of directors of the Company (collectively, the "Support Purchasers" and, together with the Standby Purchaser, the "Investors"). The Support and Standby Purchase Agreement provides, among other things, that (i) the Standby Purchaser will purchase from the Company in a private placement any shares of Class B common stock included in the Rights Offering that are not subscribed for and purchased by Eligible Stockholders (collectively, the "Backstop Securities") for the same per share Subscription Price payable by the Eligible Stockholders electing to exercise their Subscription Rights in the Rights Offering; and (ii) each Support Purchaser will exercise all of his respective Subscription Rights in full prior to the Expiration Time. Other Important Information The Subscription Rights will not be listed for trading on any stock exchange or market. Therefore, there will be no public market for the Subscription Rights. However, the shares of Class B common stock issued upon the exercise of the Subscription Rights will remain listed on The Nasdaq Capital Market of the Nasdaq Stock Market LLC under the symbol "RMBL." The Company expects that Broadridge Corporate Issuer Solutions, LLC, the subscription and information agent for the Rights Offering, will distribute subscription documents for the Rights Offering to Eligible Stockholders beginning on or about November 26, 2024 . Holders of shares of common stock held in "street name" through a brokerage account, bank or other nominee should contact their broker, bank or other nominee for details regarding participation in the Rights Offering. For any questions or further information about the Rights Offering, please contact the information agent, at (888) 789-8409 (Toll-Free), or via email at shareholder@broadridge.com . Neither the Company nor its board of directors has made or will make any recommendation to holders regarding participation in the Rights Offering. Holders should make an independent investment decision about whether to participate in the Rights Offering based on their own assessment of the Company's business and the Rights Offering. The offering of the Class B common stock pursuant to the Rights Offering is being made pursuant to the Company's existing effective shelf registration statement on Form S-3 (Reg. No. 333-281862) on file with the Securities and Exchange Commission (the "SEC") and a prospectus supplement (and the accompanying base prospectus) filed with the SEC on the date hereof. The information in this press release is not complete and is subject to change. This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any offer, solicitation or sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful under the securities laws of such state or jurisdiction. The Rights Offering will be made only by means of the prospectus supplement (and the accompanying base prospectus) filed with the SEC on the date hereof. About RumbleOn RumbleOn, Inc. (NASDAQ: RMBL), operates through two operating segments: our Powersports dealership group and Wholesale Express, LLC, an asset-light transportation services provider focused on the automotive industry. Our Powersports group is the largest powersports retail group in the United States (as measured by reported revenue, major unit sales and dealership locations), offering over 500 powersports franchises representing 50 different brands of products. Our Powersports group sells a wide selection of new and pre-owned products, including parts, apparel, accessories, finance & insurance products and services, and aftermarket products. We are the largest purchaser of pre-owned powersports vehicles in the United States and utilize RideNow's Cash Offer to acquire vehicles directly from consumers. For more information on RumbleOn, please visit rumbleon.com . Cautionary Note on Forward-Looking Statements The Company's press release contains statements that constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, those regarding the Company's plans to launch a Rights Offering, the anticipated final terms, timing and completion of the proposed Rights Offering, and the use of proceeds from the proposed Rights Offering. Forward-looking statements generally can be identified by words such as "anticipates," "believes," "continues," "could," "estimates," "expects," "intends," "hopes," "may," "plan," "possible," "potential," "predicts," "projects," "should," "targets," "would" and similar expressions, although not all forward-looking statements contain these identifying words. Such statements are subject to numerous important factors, risks and uncertainties that may cause actual events or results to differ materially from current expectations and beliefs, including, but not limited to, risks and uncertainties related to: whether the proposed transactions will be completed in a timely manner, or at all; the risk that all of the closing conditions for the proposed Rights Offering are not satisfied; the occurrence of any event, change or other circumstance that could cause the Company not to proceed with the Rights Offering; the determination of the final terms of the proposed Rights Offering; the satisfaction of customary closing conditions related to the proposed Rights Offering; risks related to the diversion of management's attention from RumbleOn's ongoing business operations; the impact of general economic, industry or political conditions in the United States or internationally, as well as the other risk factors set forth under the caption "Risk Factors" in the registration statement, as amended, and in RumbleOn's Annual Report for the year ended December 31, 2023 and Quarterly Reports on Form 10-Q for the quarters ended March 30, 2024 , June 30, 2024 and September 30, 2024 and in any other subsequent filings made with the SEC by RumbleOn. There can be no assurance that RumbleOn will be able to complete the proposed Rights Offering on the anticipated terms, or at all. Any forward-looking statements contained in this press release speak only as of the date hereof, and RumbleOn specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. View original content to download multimedia: https://www.prnewswire.com/news-releases/rumbleon-announces-commencement-of-10-0-million-fully-backstopped-registered-rights-offering-302316964.html SOURCE RumbleOnLet your little ones glide with the best kids’ ski bootsFedEx will spin off its LTL trucking unit, FedEx Freight, into a separate, publicly traded company within the next 18 months, the parcel giant announced Thursday . The separation will allow for more customized operational execution along with more tailored investment and capital allocation, FedEx said, underscoring the differences between LTL and parcel shipping. Rival UPS sold its own LTL unit, UPS Freight, to TFI International in 2021. “This is the right time to pursue a separation as we respond to the unique dynamics of the LTL market,” said Raj Subramaniam, FedEx president and CEO, in the announcement. It’s not a total surprise: FedEx has been streamlining its operations and had hinted to investors in June a spinoff was possible. A board review of the unit’s role in its portfolio recommended the move, which FedEx promised to execute in a tax-efficient manner for stockholders. FedEx Freight boasts the largest real-estate network of any U.S. LTL carrier, with about 400 service centers, according to its website . The business has around 40,000 employees and 30,000 vehicles. “This announcement is a testament to the strength of the business our team has built, and to our dedication to doing what’s best for our customers, our team members, and our stockholders,” Subramaniam said. The two companies will maintain cooperation on key commercial, operational and technology initiatives, FedEx said. But the spinoff aims to create value for shareholders by running the LTL carrier as pure-play operation, a strategy competitor XPO followed in recent years with its spinoffs of its warehousing and other non-LTL properties. The goal is to avoid the “conglomerate discount,” a Wall Street concept that has driven corporate spinoffs across industries, as company leaders say their investors prefer more specific companies to big corporations. In FedEx’s case, a spinoff would allow shareholders to be more selective about which of its distinct businesses they invest in. “Through this process, we will unlock value for our Freight business and position FedEx to create even greater value for stockholders,” Subramaniam said.
Devolver Delayed showcase returns tomorrowGlobal stocks mostly rose Tuesday, with US and German indices posting records, as markets weighed Chinese stimulus hopes, political tensions in France and the US interest-rate outlook. Germany's blue-chip DAX stock index jumped above 20,000 points for the first time and Paris rebounded even as France braced for new political turmoil. In New York, both the S&P 500 and Nasdaq narrowly rose to finish at records, while the Dow pulled back. Oil prices jumped more than two percent following reports that crude exporters were near an agreement to extend production limits. A closely-watched labor market report showed an increase in US job openings in October, but also a decline in new job postings during the month, a less upbeat sign. Samuel Tombs, chief US economist at Pantheon Macroeconomics, said the data overall provides "good grounds" for the Federal Reserve to lower interest rates again this month. Still, the choppiness of Tuesday's trading session in New York points to reticence among US investors following a series of post-election records that many pundits believe have left stocks overvalued. "There wasn't a lot of conviction behind the upside moves," said Briefing.com . "The overall vibe in the market was more negative." Stocks in Paris edged higher even as France headed into a new political crisis as opposition lawmakers vowed to topple the minority government of Prime Minister Michel Barnier in a no-confidence vote after just three months in office. Germany's DAX, meanwhile, scored a fresh milestone, defying multiple headwinds battering Europe's biggest economy. The German economy, hit hard by a manufacturing slowdown and weak demand for its exports, has struggled in 2024. Yet the DAX has advanced in large part because companies in the index do heavy business abroad. In addition, the euro's recent weakness has boosted Germany's export-oriented companies, while easing interest rates both in the eurozone and the United States have also helped sentiment. Investors greeted a Bloomberg report that China's top leaders, including President Xi Jinping, would hold a two-day economic work conference next week to outline their targets and stimulus plans for next year. The report followed manufacturing activity data on Monday that suggested China's economic struggles may be coming to an end, but investors are looking for Beijing to step up support for the economy. The news helped push Hong Kong and Shanghai stock markets higher despite Washington announcing new export restrictions taking aim at Beijing's ability to make advanced semiconductors. The moves step up existing US efforts to tighten curbs on exports of state-of-the-art AI chips to China. Beijing hit back by saying it would restrict exports to the United States of some key components in making semiconductors. Oil prices jumped ahead of a meeting Thursday of members of the OPEC oil cartel and its allies "The forecast is that they will announce an extension until the end of the first quarter of 2025, and this should help put a floor under prices," said Trade Nation analyst David Morrison. New York - Dow: DOWN 0.2 percent at 44,705.53 (close) New York - S&P 500: UP 0.1 percent at 6,049.88 (close) New York - Nasdaq Composite: UP 0.4 percent at 19,480.91 (close) London - FTSE 100: UP 0.6 percent at 8,359.41 (close) Paris - CAC 40: UP 0.3 percent at 7,255.42 (close) Frankfurt - DAX: UP 0.4 percent at 20,016.75 (close) Tokyo - Nikkei 225: UP 1.9 percent at 39,248.86 (close) Hong Kong - Hang Seng Index: UP 1.0 percent at 19,746.32 (close) Shanghai - Composite: UP 0.4 percent at 3,378.81 (close) Euro/dollar: UP at $1.0511 from $1.0498 on Monday Pound/dollar: UP at $1.2673 from $1.2655 Dollar/yen: DOWN at 149.53 yen from 149.60 yen Euro/pound: DOWN at 82.94 from 82.95 pence Brent North Sea Crude: UP 2.5 percent at $73.62 per barrel West Texas Intermediate: UP 2.7 percent at $69.94 per barrel burs-jmb/dw
Robinson's 19 lead Northern Kentucky over IU Indianapolis 66-64Rescuers Use Heat-Seeking Drone to Find Man, 78, Who Vanished While Going to Get His Mail: ‘A Miracle’
Jonah Goldberg Among elites across the ideological spectrum, there's one point of unifying agreement: Americans are bitterly divided. What if that's wrong? What if elites are the ones who are bitterly divided while most Americans are fairly unified? History rarely lines up perfectly with the calendar (the "sixties" didn't really start until the decade was almost over). But politically, the 21st century neatly began in 2000, when the election ended in a tie and the color coding of electoral maps became enshrined as a kind of permanent tribal color war of "red vs. blue." Elite understanding of politics has been stuck in this framework ever since. Politicians and voters have leaned into this alleged political reality, making it seem all the more real in the process. I loathe the phrase "perception is reality," but in politics it has the reifying power of self-fulfilling prophecy. Like rival noble families in medieval Europe, elites have been vying for power and dominance on the arrogant assumption that their subjects share their concern for who rules rather than what the rulers can deliver. Political cartoonists from across country draw up something special for the holiday In 2018, the group More in Common published a massive report on the "hidden tribes" of American politics. The wealthiest and whitest groups were "devoted conservatives" (6%) and "progressive activists" (8%). These tribes dominate the media, the parties and higher education, and they dictate the competing narratives of red vs. blue, particularly on cable news and social media. Meanwhile, the overwhelming majority of Americans resided in, or were adjacent to, the "exhausted majority." These people, however, "have no narrative," as David Brooks wrote at the time. "They have no coherent philosophic worldview to organize their thinking and compel action." Lacking a narrative might seem like a very postmodern problem, but in a postmodern elite culture, postmodern problems are real problems. It's worth noting that red vs. blue America didn't emerge ex nihilo. The 1990s were a time when the economy and government seemed to be working, at home and abroad. As a result, elites leaned into the narcissism of small differences to gain political and cultural advantage. They remain obsessed with competing, often apocalyptic, narratives. That leaves out most Americans. The gladiatorial combatants of cable news, editorial pages and academia, and their superfan spectators, can afford these fights. Members of the exhausted majority are more interested in mere competence. I think that's the hidden unity elites are missing. This is why we keep throwing incumbent parties out of power: They get elected promising competence but get derailed -- or seduced -- by fan service to, or trolling of, the elites who dominate the national conversation. There's a difference between competence and expertise. One of the most profound political changes in recent years has been the separation of notions of credentialed expertise from real-world competence. This isn't a new theme in American life, but the pandemic and the lurch toward identity politics amplified distrust of experts in unprecedented ways. This is a particular problem for the left because it is far more invested in credentialism than the right. Indeed, some progressives are suddenly realizing they invested too much in the authority of experts and too little in the ability of experts to provide what people want from government, such as affordable housing, decent education and low crime. The New York Times' Ezra Klein says he's tired of defending the authority of government institutions. Rather, "I want them to work." One of the reasons progressives find Trump so offensive is his absolute inability to speak the language of expertise -- which is full of coded elite shibboleths. But Trump veritably shouts the language of competence. I don't mean he is actually competent at governing. But he is effectively blunt about calling leaders, experts and elites -- of both parties -- stupid, ineffective, weak and incompetent. He lost in 2020 because voters didn't believe he was actually good at governing. He won in 2024 because the exhausted majority concluded the Biden administration was bad at it. Nostalgia for the low-inflation pre-pandemic economy was enough to convince voters that Trumpian drama is the tolerable price to pay for a good economy. About 3 out of 4 Americans who experienced "severe hardship" because of inflation voted for Trump. The genius of Trump's most effective ad -- "Kamala is for they/them, President Trump is for you" -- was that it was simultaneously culture-war red meat and an argument that Harris was more concerned about boutique elite concerns than everyday ones. If Trump can actually deliver competent government, he could make the Republican Party the majority party for a generation. For myriad reasons, that's an if so big it's visible from space. But the opportunity is there -- and has been there all along. Goldberg is editor-in-chief of The Dispatch: thedispatch.com . Catch the latest in Opinion Get opinion pieces, letters and editorials sent directly to your inbox weekly!Sutton scores 23, Omaha knocks off Sacramento State 70-60
NEW YORK , Dec. 3, 2024 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Customers Bancorp, Inc. ("Match" or the "Company") (NYSE: CUBI ). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. The class action concerns whether Customers Bancorp and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. You have until January 31, 2025 , to ask the Court to appoint you as Lead Plaintiff for the class if you are a shareholder who purchased or otherwise acquired Customers Bancorp securities during the Class Period. A copy of the Complaint can be obtained a t www.pomerantzlaw.com . [Click here for information about joining the class action] On April 12, 2024 , Customers Bancorp disclosed in a filing with the U.S. Securities and Exchange Commission that Chief Financial Officer Carla A. Leibold had been fired for "cause" for violating Company policy, while noting that "Ms. Leibold has disputed the Company's characterization of her separation from the Company." On this news, Customers Bancorp's stock price fell $2.40 per share, or 4.89%, to close at $46.62 per share on April 15 , 2024. Then, on August 24, 2024 , during market hours, the Federal Reserve issued a press release entitled "Federal Reserve Board issues enforcement action with Customers Bancorp, Inc. and Customers Bank," which attached a written agreement between Customers Bancorp and the Federal Reserve Bank of Philadelphia stating that the Federal Reserve "identified significant deficiencies related to the Bank's risk management practices and compliance with the applicable laws, rules, and regulations relating to anti-money laundering ('AML'), including the Bank Secrecy Act[.]" On this news, Customer Bancorp's stock price fell $7.22 per share, or 13.31%, to close at $47.01 per share on August 8 , 2024. Finally, on August 8, 2024 , after market hours, Customers Bancorp disclosed a consent order by the Commonwealth of Pennsylvania , Department of Banking and Securities, Bureau of Bank Supervision, relating "principally to aspects of compliance risk management, including risk management practices governing digital asset-related services; oversight by the Board of Directors of Customers Bancorp and the Bank; compliance with anti-money laundering regulations under the Bank Secrecy Act; and compliance with the regulations of the Office of Foreign Assets Control," and further stating that "these deficiencies give the Bureau reason to believe that the Bank had engaged in unsafe or unsound banking practices relating to BSA/AML Requirements." On this news, Customers Bancorp's stock price fell $1.08 per share, or 2.3%, to close at $45.93 per share on August 9, 2024 . Pomerantz LLP, with offices in New York , Chicago , Los Angeles , London , Paris , and Tel Aviv , is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz , known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud , breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com . Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT: Danielle Peyton Pomerantz LLP [email protected] 646-581-9980 ext. 7980 SOURCE Pomerantz LLP
Dylan Hernández: MLS deal with Apple TV could be hurting league's efforts to grow its fan base
LONDON (AP) — A woman who claimed mixed martial arts fighter Conor McGregor “brutally raped and battered” her in a Dublin hotel penthouse was awarded nearly 250,000 Euros ($257,000) on Friday by a civil court jury in Ireland. Nikita Hand said the Dec. 9, 2018, assault after a night of partying left her heavily bruised and suffering from post-traumatic stress disorder. McGregor testified that he never forced the woman to do anything against her will and said she fabricated the allegations after the two had consensual sex. His lawyer had called Hand a gold digger. The fighter, once the face of the Ultimate Fighting Championship but now past his prime, shook his head as the jury of eight women and four men found him liable for assault after deliberating about six hours in the High Court in Dublin. He was mobbed by cameras as he left court but did not comment. He later said on the social platform X that he would appeal the verdict and the “modest award.” Hand's voice cracked and her hands trembled as she read a statement outside the courthouse, saying she would never forget what happened to her but would now be able to move on with her life. She thanked her family, partner, friends, jurors, the judge and all the supporters that had reached out to her online, but particularly her daughter. “She has given me so much strength and courage over the last six years throughout this nightmare to keep on pushing forward for justice,” she said. “I want to show (her) and every other girl and boy that you can stand up for yourself if something happens to you, no matter who the person is, and justice will be served.” The Associated Press generally does not name alleged victims of sexual violence unless they come forward publicly, as Hand has done. Under Irish law, she did not have the anonymity she would have been granted in a criminal proceeding and was named publicly throughout the trial. Her lawyer told jurors that McGregor was angry about a fight he had lost in Las Vegas two months earlier and took it out on his client. “He’s not a man, he’s a coward,” attorney John Gordon said in his closing speech. “A devious coward and you should treat him for what he is.” Gordon said his client never pretended to be a saint and was only looking to have fun when she sent McGregor a message through Instagram after attending a Christmas party. He said Hand knew McGregor socially and that they had grown up in the same area. She said he picked her and a friend up in a car and shared cocaine with them, which McGregor admitted in court, on the way to the Beacon Hotel. Hand said she told McGregor she didn't want to have sex with him and that she was menstruating. She said she told him “no” as he started kissing her but he eventually pinned her to a bed and she couldn't move. McGregor put her in a chokehold and later told her, “now you know how I felt in the octagon where I tapped out three times,” referring to a UFC match when he had to admit defeat, she said. Hand had to take several breaks in emotional testimony over three days. She said McGregor threatened to kill her during the encounter and she feared she would never see her young daughter again. Eventually, he let go of her. “I remember saying I was sorry, as I felt that I did something wrong and I wanted to reassure him that I wouldn’t tell anyone so he wouldn’t hurt me again,” she testified. She said she then let him do what he wanted and he had sex with her. A paramedic who examined Hand the next day testified that she had never before seen someone with that intensity of bruising. A doctor told jurors Hand had multiple injuries. Hand said the trauma of the attack had left her unable to work as a hairdresser, she fell behind on her mortgage and had to move out of her house. Police investigated the woman’s complaint but prosecutors declined to bring charges, saying there was insufficient evidence and a conviction was unlikely. McGregor, in his post on X, said he was disappointed jurors didn't see all the evidence prosecutors had reviewed. He testified that the two had athletic and vigorous sex, but that it was not rough. He said “she never said ‘no’ or stopped” and testified that everything she said was a lie. “It is a full blown lie among many lies,” he said when asked about the chokehold allegation. “How anyone could believe that me, as a prideful person, would highlight my shortcomings.” McGregor’s lawyer told jurors they had to set aside their animus toward the fighter. “You may have an active dislike of him, some of you may even loathe him – there is no point pretending that the situation might be otherwise,” attorney Remy Farrell said. “I’m not asking you to invite him to Sunday brunch.” The defense said the woman never told investigators McGregor threatened her life. They also showed surveillance video in court that they said appeared to show the woman kiss McGregor’s arm and hug him after they left the hotel room. Farrell said she looked “happy, happy, happy.” McGregor said he was “beyond petrified” when first questioned by police and read them a prepared statement. On the advice of his lawyer, he refused to answer more than 100 follow-up questions. The jury ruled against Hand in a case she brought against one of McGregor’s friends, James Lawrence, whom she accused of having sex with her in the hotel without consent.
CARSON, Calif. (AP) — Joseph Paintsil and Dejan Joveljic scored in the first half, and the LA Galaxy won their record sixth MLS Cup championship with a 2-1 victory over the New York Red Bulls on Saturday. Read this article for free: Already have an account? To continue reading, please subscribe: * CARSON, Calif. (AP) — Joseph Paintsil and Dejan Joveljic scored in the first half, and the LA Galaxy won their record sixth MLS Cup championship with a 2-1 victory over the New York Red Bulls on Saturday. Read unlimited articles for free today: Already have an account? CARSON, Calif. (AP) — Joseph Paintsil and Dejan Joveljic scored in the first half, and the LA Galaxy won their record sixth MLS Cup championship with a 2-1 victory over the New York Red Bulls on Saturday. After striking twice in the first 13 minutes of the final with goals from their star forwards, the Galaxy nursed their lead through a scoreless second half to raise their league’s biggest trophy for the first time since 2014. MLS’ most successful franchise struggled through most of the ensuing decade, even finishing 26th in the 29-team league last year. But the Galaxy turned everything around this season with a high-scoring new lineup that finished second in the Western Conference and then streaked through the playoffs with a whopping 18 goals in five games to win another crown. Sean Nealis scored for the seventh-seeded Red Bulls, whose improbable charge through the playoffs ended one win shy of its first Cup championship. With the league’s youngest roster, New York fell just short of becoming the lowest-seeded team to win MLS’ playoff tournament under first-year German coach Sandro Schwarz. Galaxy goalkeeper John McCarthy made four saves to win his second MLS title in three seasons. He was the MVP of the 2022 MLS Cup Final for the Galaxy’s crosstown rival, Los Angeles FC. The Galaxy won this title without perhaps their most important player. Riqui Puig, the playmaking midfielder from Barcelona who ran their offence impressively all season long, tore a ligament in his knee last week in the Western Conference final. Puig watched the game in a suit, but his teammates hadn’t forgotten him: After his replacement, Gastón Brugman, set up LA’s opening goal with a superb pass, Paintsil held up Puig’s jersey to their fans during the celebration. Paintsil put the Galaxy ahead in the ninth minute when he ran onto that sublime pass from Brugman and pounded home his 14th MLS goal — including four in the playoffs — in the Ghanaian forward’s outstanding first season. Just four minutes later, Joveljic sprinted past four New York defenders and chipped home the 21st goal of his outstanding year as the Galaxy’s striker. Nealis got New York on the scoreboard in the 28th minute when he volleyed home a ball that got loose in LA’s penalty area after a corner. The Galaxy’s usually shaky defence gave up another handful of good chances before reaching halftime with a tenuous lead. The second half was lively, but scoreless. Red Bulls captain Emil Forsberg hit the outside of the post in the 72nd minute, while Gabriel Pec and Galaxy substitute Marco Reus nearly converted chances a few moments later. The ball got loose again in the Galaxy’s penalty area in the third minute of extra time, but two Red Bulls couldn’t finish. The Galaxy bench rushed onto the field and prematurely celebrated a victory in the seventh minute of injury time, only to be herded back off for another 30 seconds of play. The Galaxy finished 17-0-3 this season at their frequently renamed suburban stadium, where the sellout crowd of 26,812 for the final included several robust cheering sections of travelling Red Bulls supporters hoping to see their New Jersey-based club’s breakthrough on MLS’ biggest stage. The Galaxy’s Greg Vanney became the fourth coach to win an MLS title with two clubs. The former Galaxy player coached Toronto FC to the championship in 2017 and to runner-up finishes in both 2016 and 2019. Vanney’s coaching and technical staff in L.A. was full of former Toronto employees. Dan Calichman, Nick Theslof, former Canadian international Jason Bent, Michael Rabasca and Galaxy academy director Mike Munoz all spent time in Toronto. Jim Liston and Tom Williams, in the Galaxy sports performance department, also worked under Vanney in Toronto, as did midfielder Mark Delgado, who started Saturday, and defender Eriq Zavalaeta, who started on the Galaxy bench. Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. The club famous for employing global stars from David Beckham and Zlatan Ibrahimovic to Robbie Keane and Javier “Chicharito” Hernández rebuilt itself this season with lesser-known young talents from around the world. The Galaxy signed Pec from Brazil and the Ghanaian Paintsil out of Belgium, and the duo combined with incumbent Serbian striker Joveljic to form a potent attack that could outscore almost any MLS opponent. But the Galaxy also relied heavily on Puig, their Catalan catalyst and one of MLS’ best players. Puig stayed in last week’s game after injuring his knee, and he even delivered the decisive pass to Joveljic for the game’s only goal. ___ AP soccer: https://apnews.com/soccer Advertisement Advertisement
A WOMAN who has lived in a tent for the past five years has lifted the lid on what life is really like in the great outdoors - including the incredible amount of money she saves with her alternative lifestyle. Manders Barnett considers herself to be an outside dweller, spending her days salvaging roadkill to eat and make clothes from, growing vegetables and foraging plants for medicine. The 33-year-old’s quirky way of life saves her a whopping $17,000 (£13,350) a year, with her outgoings totalling just $500 a month (£392). While she says trolls online “judge” her for living in an alternative way and not having a house, she loves spending as much of her time outside as possible – and claims it isn’t cold even in the winter. “I live full-time in my 10x12-foot wall tent,” Manders, who sells homemade goods on Etsy, told What's The Jam . “It’s well-insulated, and with a fire in the woodstove it maintains a cosy temperature. “I say I live outside because I consider it to be more inside than outside. “However, 90% of my day is spent fully outdoors. “I've learned many sustainable skills like hide tanning, basketry, hunting, knitting, foraging, and clothes-making. “I get to work for myself as a content creator and a crafter, make my own schedule, and generally spend more quality time with the landscape around me to try to understand it better - none of which I would be able to do if I had stayed in the city working all of my free time away.” Manders currently lives on private land with permission from the landowners, and a big draw of her lifestyle means she has fewer outgoings. She added: “I still have bills but my expenses are far lower than they were when I had an apartment, utilities, and car payments. “I used to pay $1,200 a month in rent and utilities when living in an apartment. “I also had car payments and renters insurance as well as a large phone bill each month, totalling over $2,000 each month. “I used to have yearly expenses of about $23,000. “Today with no rent, bills for electricity, or car payments my annual expenses come to around $6,000, saving me $17,000 a year. I do salvage deer roadkill for food and other animal roadkill for clothing “My current bills are a cheap phone plan, gas for my car, food costs and hay for my horses. “My income to pay for this current lifestyle comes from my Etsy Store, social media and odd jobs I do for locals.” Manders learnt many of her current skills from her ex-partner, who she originally lived with in a canvas tarp in the summer, and a tipi in the winter, from 2019-2021. Since splitting, she has ventured out on her own with her trusty Davis wall tent, where she remains today. Food is a key part of her sustainable life, with Manders foraging, growing her own food, hunting and eating roadkill. When she does need to shop, she chooses local farm stands and locally-owned farm shops. She said: “I'm self-sufficient in many ways living this way. “I avoid processed foods at all costs. CAR LIVING is on the up as people struggle to deal with the cost of living crisis, and others are seeking a nomadic existence. Here’s all we know about the rules on car life in the UK. In the UK, you are legally allowed to live in your car— just so long as you follow a few rules. The only requirement is that your car has passed its MOT and is entirely road-legal. If legally parked, there aren’t rules against sleeping or living in a car. The trend of car or van living has taken off in the United States, where some have been forced to leave rented accommodation after landlords put up the rent. Others have opted to live in their vehicle in pursuit of a free, nomadic lifestyle , where they can travel all over the country. There are certain circumstances in which it’s not legal to sleep in a car in the UK. Firstly, you must be in a safe parking spot, not in violation of any parking restrictions. Certain car parks, lay-bys, and national parks and forests have restrictions on overnight parking, which means you can’t sleep there in a vehicle. If restrictions are broken, you could be fined or even have your vehicle towed. Secondly, you must not be above the legal drink-drive limit or under the influence of any drugs, if you intend to sleep in your car. If over the limit, you could be charged with being drunk in charge of a motor vehicle in a public place, even if you’re not driving. The ban on sleeping in your car when you're drunk comes under the Road Traffic Act 1988. The rule says you can be found guilty of an offence if in charge of a vehicle on a road or public place “after consuming so much alcohol that the proportion of it in his breath, blood or urine exceeds the prescribed limit.” “I do salvage deer roadkill for food and other animal roadkill for clothing. “I have a garden and grow simple vegetables in it like peppers, tomatoes and squash. “Sometimes, when I'm able, I hunt for meat – mostly deer. “One deer will usually have enough meat to last me a year and I can the meat to preserve it since I don't have access to a chest freezer. The negativity doesn't bother me as much as it used to, as being on social media tends to come with criticism no matter what you do “But I do shop at local farm stands and locally owned farm stores for food – I always try to support local farmers and ethically sourced foods.” Her roadkill proves handy in other ways. She said: “I tan buckskin and fur pelts and turn the skins into bags, clothes, and other items. “I try to use as much of the animal as possible. “I love to make my own clothes and accessories through knitting, card weaving and hide tanning. “Usually if I need a tool, I will try to make it so I don't have to buy it. “I've made a couple outfits from deer hides and fur pelts, as well as knitted warmer things like headbands and scarves. “In the winter I need firewood but instead of buying it I will go cut it myself with a permit on public land. “Another way I'm self-sufficient is my foraging skills. “I know a lot about wild native plants and can gather food and medicine throughout the year, as well as planting back some of those plants, to create a positive impact from my foraging activities.” Manders documents her way of life on TikTok , where she has racked up over 200,000 followers – but viewers are often critical of her. She explained: “Strangers on social media tend to have a variety of reactions however; some are enamoured with my lifestyle and others display hostility claiming I'm a fake. Houseboats can be cheaper than buying a home on dry land but doesn't come without risks. You may be able to get a special type of mortgage for a boat, but it can be more difficult than getting a traditional home loan and have higher rates of interest. You won't pay stamp duty when buying a boat to live on, and you can move to a different location whenever you want without having to sell up. You might even be able to live in a location where you wouldn't be able to afford a bricks and mortar house. But space can be more limited, and the value of houseboats can generally go down over time, like a car or motorbike. A licence which you need from the canal and river trust can cost anywhere between £510 and £1,100 a year depending on the size of the boat. There are likely to be ongoing costs for maintenance and mooring as well as fuel, a boat safety certificate and, of course, insurance. There’s always something that needs to be done on a boat – from engine servicing to treating rust spots, not to mention emptying the toilet and filling the water tank. Energy bills could be higher on the boat than a home as they are generally harder to insulate. If your boat is moored permanently, it will typically be in the lowest tax band, with single occupants benefiting from a 25% reduction. However, if you’re happy to move every two weeks as a ‘continuous cruiser,’ you won’t have to pay this “The negativity doesn't bother me as much as it used to, as being on social media tends to come with criticism no matter what you do. “I think the only downside [to my lifestyle] is having very few people to relate my perspectives to. “Living this way for years transforms a person both emotionally and psychologically that deviates from the “normal” modality of thinking. “At times I feel distanced from the frivolous concerns of domesticated society which brings about a sense of futility when it comes to my own efforts. “Because I can't relate to most others, they can't relate to me, and that results in discord because I constantly speak out against the complacency for the destruction of ecosystems. “But the best part of living this way has always been the ability to deepen my relationship with nature as well as practice individual autonomy and independence.”Trump asks US Supreme Court to pause law threatening TikTok ban
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As the dust settles on this latest controversy, it is clear that the old sins of Frenzied Donkey Productions have indeed come home to roost. The backlash against "Carnival of Carnage" serves as a cautionary tale for creators everywhere, highlighting the importance of thoughtful storytelling and responsible content creation in today's media landscape.The 1,500 guests who arrived at the Beverly Hills Temple of the Arts on Wilshire Boulevard in Beverly Hills on a balmy mid-October evening had to pass a squadron of armed guards, go through a metal detector, and have their IDs checked before taking their seats inside the Saban Theater. The security was a fitting prelude to what they were about to see on the screen, the American premiere of , an Israeli-made documentary about the Oct. 7, 2023 terrorist attack on Israel that ignited the current Middle East conflict. The one-hour, made-for-TV Hebrew language film follows the story of a 53-year-old farmer and lawyer — his name is pronounced O-zehz — who put his own life on the line to save some 120 young Israelis who scrambled for safety as hundreds of Hamas terrorists shot, raped, tortured, killed and took hostage anyone in their gun sits at what had been a peaceful music festival. Driving an Israeli government issued Mitsubishi 4×4 truck (equipped with front and rear automatic cameras) assigned to him for his role as liaison to the Bedouin community, Davidian carried a single handgun and one clip of ammo for protection as he navigated back roads he once used for herding sheep. He made about 15 trips that long day to rescue terrified concertgoers and return them to their anxiously waiting families, with terrorist bullets often whizzing by his truck. Many in the Saban theater were visibly moved by the film, which re-traced Davidian’s actions on that fateful, terrible day and includes actual footage from his truck cams. “It was an amazing story,” said one audience member. “Especially where he had to go through and see all these people that were dead. What he did took a lot of courage.” And yet, despite the film’s universally positive reception — and its heroic, inspirational message — it’s unlikely this documentary by Israeli TV station Reshet 13 and others will ever be screened in America again, let alone broadcast or streamed on American television. “There are people who’ve got balls and there are people who ain’t got balls,” observes veteran producer Bill Mechanic of the current political climate in Hollywood, particularly when it comes to material touching on the Middle East. “So, the people afraid of their shadows, who live to protect their jobs, are not going to want to take a chance.” Those fears cast a wide shadow right now — and you can’t entirely blame the town for treading carefully around this subject matter. In many ways, it has become a third rail in the entertainment industry, a radioactive topic that has already burned a number of folks who have bravely – or foolishly – broached it. After it was learned in September that Hamas had killed six Israeli hostages, WME Agent Brandt Joel furiously wrote on a pro-Israel WhatsApp group, “Screw the left kill all.” Brandt quickly deleted the post and explained to his colleagues in a Zoom call he only meant “kill” members of Hamas, but the damage had been done: one of his top clients, Mahershala Ali, abruptly fired him. On the other side of the political divide, actress Susan Sarandon, who has a long history of activism, was dropped by her talent agency after she declared at an anti-Israel rally that Jews facing increased anti-Semitism are “getting a taste of what it feels like to be a Muslim” in America. Polarized views on the subject have even made older content, released before the Hamas attack and Israel’s Gaza offensive, newly controversial. The Netflix series , for instance, which earned praise for its strong storytelling when it premiered in 2016, has faced criticism in its fourth season, which began in 2023, for glorifying the occupation of Palestinian lands. , a 2016 documentary delving into how the Israeli government supposedly uses its influence to shape American media, has drawn recent fire from both sides, with Jewish critics calling it anti-Semitic and Arabs claiming it distorts their cause. Likewise, the 2018 Egyptian spy thriller , set during the Six Day War in 1967, has been blasted by both sides for its portrayals. In such a cautious climate, it’s difficult to image how a new documentary like could possibly find a home in Hollywood. “We’re in a topsy-turvy world,” says Garth Ancier, a TV executive who has worked at NBC and Fox and headed BBC America. Ancier says he has both Jewish and Arab friends and what they have in common is that both are very narrow in their view, only seeing one side. “I try to talk them off that ledge,” he says. “But it’s hard. And it is getting harder because of the way it’s going down over there.” To be fair, has other issues apart from politics that make it a tough sell in Hollywood. For one thing, it’s a Hebrew language doc. For another, it’s extremely violent. “Obviously the content in this video is graphic,” says streaming media consultant Dan Rayburn. “So, you’re going to see more pushback from these streaming services. You’re showing dead bodies on the ground. That’s not really something they want on their platform. Even , which does some great stories like that, you’ll notice they’re not showing anything that graphic.” “And what about rating it, right?” he adds. “Is this NC 17? That gets very tricky when you’re talking about war and showing real life dead people on the street.” ’s producers are obviously aware of the uphill battle they face to get their documentary on screens in the U.S. But they’re currently working on assembling an “ ” version that they hope will stand a better chance. “We may change the narration to English or insert some new images so we might make a bigger impression in terms of selling it,” says Yossi Eli, an Israeli war correspondent who made without compensation. Eli says they are also considering a feature film, which may eventually be a “stand alone drama different from the documentary.” Efforts are also underway to submit for awards and festivals, led by L.A. filmmakers Dan and Zahara Israely, who produced , now airing on Amazon. Davidian, meanwhile, has returned to living his low-profile life with his wife and four daughters. He agreed to cooperate with this documentary at the urging of many of those he rescued, who he has kept in touch with. Several are quoted in the documentary expressing their thanks and calling him a hero. He also made a rare public appearance on Oct. 30 at a new awards ceremony held in the residence of Israel’s President Isaac Herzog. Davidian was among those who received the state’s highest civilian award for extraordinary heroism. Many of the honors were presented posthumously. THR Newsletters Sign up for THR news straight to your inbox every day More from The Hollywood ReporterNigeria loses $1.1bn annually to malaria, says minister
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