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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.

This post appeared first on cnn.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.

This post appeared first on cnn.com

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.

Corporate Logo

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

News Provided by Newsfile via QuoteMedia

This post appeared first on investingnews.com

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.

This post appeared first on cnn.com

When a Taiwanese telecoms company detected that an international undersea cable was damaged earlier this month, it worked to divert internet traffic from the broken line to keep customers on the island connected.

But the company, Chunghwa Telecom, also went to Taiwan’s Coast Guard to report the incident – and a “suspicious vessel” observed on the same route as the affected cable, according to a statement from the company, a major local internet provider.

Taiwan Coast Guard officials in the days since have said they suspect that the Shunxin39 – a Chinese-linked cargo vessel – could have cut the cable, in an incident that has spotlighted the island’s growing concerns about vulnerabilities that could be exploited by Beijing.

Taiwan officials have not cited direct evidence that the ship damaged the cable, and the Taiwan Coast Guard said in a statement Monday that it could not determine the vessel’s intentions. It called for South Korea, the ship’s destination, to help with further investigation.

But the situation has raised concerns among Taiwanese authorities of potential “gray zone operations,” or acts that fall below the threshold of war – in particular those that could hamper the island’s internet and communications with the outside world.

Those concerns come as Taiwan has faced increasing intimidation from Beijing, which claims the self-ruled democracy as its own territory and has vowed to take control of it, by force if necessary.

They also follow a string of incidents in recent years of damage to undersea infrastructure worldwide, including communications cables. Two high-profile incidents in the Baltic Sea involved Chinese ships and remain under investigation.

Taiwan’s Coast Guard said in a statement Monday that the ship suspected of damaging the cable off its northeastern coast last Friday was a Cameroon- and Tanzania-flagged vessel, crewed by seven Chinese nationals.

Such an act could be part of Beijing-backed efforts to use “ships with flags of convenience to cut Taiwan’s international communication as a form of preparation for future blockade and quarantine,” according to the official.

Beijing’s Taiwan Affairs Office said on Wednesday that submarine cable damage is a “common maritime incident,” and balked at Taipei’s “conjecturing” and “deliberate framing of gray zone threats.”

Chinese national Guo Wenjie, director of the company operating the vessel, denied in a statement to news agency Reuters on Wednesday that the ship was responsible for the damage.

A new ‘gray zone’ tactic?

In 2023, Taiwanese authorities blamed two Chinese ships for damaging two submarine internet cables linked to Taiwan’s outlying island of Matsu in incidents days apart causing an internet blackout, but stopped short of saying they were deliberate acts.

Su Tzu-yun, a military expert at Taiwan’s Institute for National Defense and Security Research, said more evidence is needed to say whether the latest incident was intentional.

But he said Taiwan needs to bolster maritime surveillance and defense of submarine cables.

“Once submarine cables are sabotaged, Taiwan’s connectivity to the international community will be severed; we can then only rely on bandwidth provided by satellites, which would then affect our digital economy, international trade and banking,” he said, calling such potential sabotage a form of “psychological warfare.”

Other observers have suggested the recent incident could be part of a trial of such tactics.

“While it doesn’t look to me like part of an effort to seriously impede Taiwan’s connectivity with the world … it could be consistent with either a campaign to apply low-level harassment, or as a test run for something that could be done at a larger scale at a later date in conjunction with other coercive operations,” said Tom Shugart, a retired US Navy captain and adjunct senior fellow at the Center for a New American Security think tank in Washington.

Taiwan has seen a surge of Chinese military activities in the Taiwan Strait and the Western Pacific in recent months, in line with a ramping up of intimidation over the past few years. Chinese naval and coast guard vessels have plied regional waters, and there has been an increase in Chinese aircraft operating around the island.

But Taiwan officials and defense experts have increasingly focused on the potential for Beijing to use gray zone tactics and non-military actors like China Coast Guard and various police and maritime safety agencies – as well as a so-called maritime militia of civilian ships – to quarantine the island or play a role in a blockade if it wanted to move to take control.

In a first-of-its kind “tabletop” exercise simulating military escalations by China late last month, multiple government agencies were tasked with responding to a broader base of threats than an armed invasion, including information warfare.

One official highlighted then how government agencies struggled to clarify falsehoods during electricity or internet outages, highlighting the need for Taiwan to have a backup mechanism to ensure the flow of information.

Taiwan’s Ministry of Digital Affairs earlier this week said it has been working on initiatives aimed at strengthening Taiwan’s communications by exploring alternative internet options including low-Earth-orbit satellites and adding new submarine cable stations.

Last month, Taiwan’s tech tzar Wu Cheng-wen told reporters in a briefing that in addition to working with LEO satellite company OneWeb, the island is also in talks with Amazon’s Project Kuiper for satellite collaborations.

A spate of sabotage?

Those efforts may only appear more urgent to observers amid a spate of incidents where Chinese and Russian vessels have come under scrutiny.

Swedish police have sought to investigate the Chinese bulk carrier Yi Peng 3 in relation to its possible role in the breach of two undersea fiber-optic cables in the Baltic Sea in November. The incident had echoes of a 2023 case in which Chinese ship NewNew Polar Bear was suspected of damaging undersea cables as well as a gas pipeline in the Baltic.

Finnish investigators late last month seized a tanker carrying Russian oil and said they suspected the vessel had damaged the Finnish-Estonian Estlink 2 power line and several internet cables by dragging its anchor across the seabed.

Damage to submarine cables in the Red Sea last March disrupted telecoms networks in the region weeks after the official Yemeni government warned of the possibility that Houthi rebels would target the cables, though the group denied involvement.

While damage to cables is not rare and is often seen as accidental, analysts warn that the recent cases also underscore vulnerabilities.

Shugart of CNAS said that there does seem to be a number of breakages recently that seem to have been deliberate, including those done “by or for Russian or Chinese interests.”

“This is going to be a quite challenging issue to police, as most of these cables run through international waters where traditional international law allows enforcement only in very narrow areas,” he said.

This post appeared first on cnn.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

President-elect Trump announced a series of Cabinet picks as his Jan. 20 inauguration nears and Senate confirmation begins.

Trump nominated former Fox News contributor Leo Terrell, a civil rights attorney, as senior counsel to the assistant attorney general for civil rights at the Department of Justice.

‘He will work alongside Harmeet K. Dhillon, a fellow Californian, and our incredible Nominee for United States Assistant Attorney General for Civil Rights in the Justice Department,’ Trump wrote. ‘Leo is a highly respected civil rights attorney and political analyst. He received his law degree from the University of California, Los Angeles, and has defended many high-profile cases throughout his incredibly successful career.

‘Leo will be a fantastic advocate for the American People, and ensure we will, MAKE AMERICA GREAT AGAIN!’ 

In an announcement Thursday evening, Trump revealed Christine Toretti as his pick for ambassador to Sweden. He said Toretti is an ‘incredible businesswoman, philanthropist, public servant, and RNC Committeewoman.’

‘She is Chairman of S&T Bancorp, and a former director of the Pittsburgh Federal Reserve Bank,’ Trump wrote. ‘Christine has been a tireless supporter of important causes as a Board Member of the International Medical Corps, former Chair of the Andy Warhol Museum, Director of the NCAA Foundation, founding Director of the Gettysburg Foundation, Trustee of the Sarah Scaife Foundation, and Chair of the Anne B. Anstine Excellence in Public Service Series in Pennsylvania, and the Dodie Londen Excellence in Public Service Series in Arizona.

‘Christine is one of fewer than sixty women who have received the Athena International Global Award.’

Trump also announced retired Army Capt. Sam Brown would serve as the next Under Secretary for Memorial Affairs at the Department of Veterans Affairs. 

‘Sam is an American HERO, a Purple Heart recipient, and successful businessman from Nevada, who has devoted his life to serving America,’ Trump said in the announcement. ‘He fearlessly proved his love for our Country in the Army, while leading Troops in battle in Afghanistan and, after being honorably retired as a Captain, helping our Veterans get access to emergency medications.
 
‘Sam will now continue his service to our Great Nation at the VA, where he will work tirelessly to ensure we put America’s Veterans FIRST, and remember ALL who served.’

The nominations come as Trump continues to round out picks for his Cabinet as Jan. 20 nears.

The Republican-controlled U.S. Senate will soon begin holding hearings for Trump’s Cabinet nominees.

Republicans will control the Senate with 53 seats to the Democrats’ 47 once Senator-elect Jim Justice of West Virginia is sworn in later in January and Ohio Gov. Mike DeWine appoints a senator to fill Vice President-elect Vance’s seat. 

This post appeared first on FOX NEWS

A federal appeals court rejected a bid to block the release of a portion of special counsel Jack Smith’s final report detailing his investigation and prosecution of President-elect Trump’s alleged 2020 election interference and alleged improper retention of classified records. 

The U.S. Court of Appeals for the 11th Circuit denied the request from Walt Nauta, an aide to Trump, and Carlos de Oliveira, the former property manager at Mar-a-Lago, who were charged for their role in allegedly obstructing a separate federal investigation into Trump’s handling of sensitive government records. 

The 11th US Circuit Court of Appeals left a three-day hold on DOJ’s release of the report.

Smith was tapped by Garland in 2022 to investigate both the alleged effort by Trump and his allies to overturn the results of the 2020 election, as well as Trump’s keeping of allegedly classified documents at his Florida residence. 

Trump pleaded not guilty to all charges. Nauta and de Oliveira also pleaded not guilty to federal charges alleging they conspired to obstruct the FBI investigation into classified documents found at Mar-a-Lago

This post appeared first on FOX NEWS

President-elect Donald Trump said he respects the Supreme Court’s decision to deny his request to stop his sentencing in New York v. Trump from moving forward, but said Thursday night he will appeal, while stressing that ‘lawfare’ has been an ‘attack on the Republican Party.’ 

Trump’s comments came just moments after the Supreme Court denied Trump’s emergency petition to block his sentencing from taking place on Friday, Jan. 10. The sentencing was scheduled by New York Judge Juan Merchan. 

Merchan, last week, said he would not sentence the president-elect to prison, but rather issue a sentence of an ‘unconditional discharge,’ which means there would be no punishment imposed. 

‘I’m the first president and probably one of the first candidates in history that’s under attack with a gag order where I’m not allowed to speak about something,’ Trump said during a meeting at Mar-a-Lago Thursday night with Republican governors. ‘This is a long way from finished and I respect the court’s opinion.’ 

Trump said he thought the court’s ruling was a ‘very good opinion for us,’ noting that the justices ‘invited the appeal.’ 

‘We’ll see how it all works out,’ he said. ‘I think it’s going to work out well.’ 

But Trump reflected on the ‘lawfare’ that he has been victim of, saying that it ‘was an attack on the Republican Party.’ 

‘This was an attack on the Republican candidate who just won an election by record numbers—the highest number of Republican votes by far ever gotten, and we won all the swing states, we won the popular vote by millions of people,’ he said. ‘They tried to stop that from happening—they tried to stop this election from happening or to bloody somebody up so badly they couldn’t win.’ 

Trump said that ‘the people got it and we won by the largest number.’ 

Trump filed an emergency petition to the U.S. Supreme Court on Wednesday in an effort to prevent his Jan. 10 sentencing, scheduled by Judge Juan Merchan, from taking place. 

‘The application for stay presented to Justice Sotomayor and by her referred to the Court is denied for, inter alia, the following reasons. First, the alleged evidentiary violations at President-Elect Trump’s state-court trial can be addressed in the ordinary course on appeal,’ the order states. 

‘Second, the burden that sentencing will impose on the President-Elect’s responsibilities is relatively insubstantial in light of the trial court’s stated intent to impose a sentence of unconditional discharge’ after a brief virtual hearing,’ the court ruled. 

The order also noted that ‘Justice Thomas, Justice Alito, Justice Gorsuch, and Justice Kavanaugh would grant the application.’ 

Trump needed five votes in order to have his request granted. The note on the order suggests Chief Justice John Roberts and Justice Amy Coney Barrett voted with Justices Sonia Sotomayor, Elena Kagan, and Katanji Brown Jackson. 

Trump’s sentencing is now expected to move forward, with the president-elect expected to appear virtually for the proceeding, scheduled for 9:30 am Friday. 

Merchan set Trump’s sentencing in New York v. Trump for Jan. 10 after a jury found the now-president-elect guilty of falsifying business records in the first degree, stemming from Manhattan District Attorney Alvin Bragg’s investigation. Trump pleaded not guilty to all charges and has appealed the ruling but was rejected last week by Merchan. 

Trump will be sworn in as the 47th President of the United States on Jan. 20. 

Trump has maintained his innocence in the case and repeatedly railed against it as an example of ‘lawfare’ promoted by Democrats in an effort to hurt his election efforts ahead of November. 

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President-elect Trump is hosting a group of Republican governors for dinner at his Mar-a-Lago club in Palm Beach, Florida, Thursday evening.

The gathering comes a week and a half before the former and future president is inaugurated Jan. 20 and takes over the White House.

The meeting gives Trump a chance to speak with the GOP governors who will likely play an integral role in carrying out the Trump agenda in his second administration, including his push for mass deportation of immigrants with criminal records.

Among those attending the dinner are governors Ron DeSantis of Florida, Brian Kemp of Georiga, Glenn Youngkin of Virginia and Kim Reynolds of Iowa, Fox News confirmed.

DeSantis, a one-time Trump ally who clashed with the former president in 2023 and early last year during a contentious 2024 GOP presidential nomination race, mended relations a bit with the former president after the primary season. 

DeSantis endorsed Trump and helped raise money for the Republican nominee’s general election campaign.

Reynolds, the conservative two-term governor, drew Trump’s ire during the presidential primaries by endorsing DeSantis and serving as his top surrogate during the Iowa caucuses.

‘Excited to meet with President @realDonaldTrump tonight at Mar-a-Lago,’ Reynolds wrote in a social media post. ‘I stand ready to help enact his agenda of Making America Safe, Prosperous, and Great Again!’

Youngkin, who mulled a 2024 White House run of his own before deciding against it, teamed up with Trump a couple of times during the general election campaign.

Kemp, who in November took over as chair of the Republican Governors Association, was heavily criticized by Trump after refusing to help Trump overturn his razor-thin defeat to President Biden in Georgia in the 2020 election. And Trump urged, and then supported, a 2022 GOP gubernatorial primary challenge against Kemp by former Sen. David Purdue. But the former president toned down his criticism of the governor after Kemp crushed Perdue to easily win renomination on his way to re-election.

The two politicians appeared to patch up their differences in recent months, as Kemp supported Trump in the general election.

Politico was first to report on Trump’s dinner with the governors.

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