Harris Dickinson toys with ambiguity in ‘Babygirl,’ and keeps a secret from Nicole KidmanChargers are expected to be without top RB Dobbins and could lean on QB Herbert against FalconsRaiders head coach Antonio Pierce calls Black Friday game with Chiefs 'best team in football vs. worst team'
MINNEAPOLIS--(BUSINESS WIRE)--Dec 4, 2024-- An industry leader is adding a powerful new feature to its potent platform of tools for faith-based organizations. Vanco is launching Vanco Giving Insights, a new module within the Vanco Giving Platform. Vanco Giving Insights is designed to turn complex donor data into actionable insights, equipping church leaders with powerful, easy-to-read dashboards that drive generosity and support their mission. “Churches rely on deep connections with their communities to carry out their mission,” Vanco CEO Jim McGinnis said. “With Vanco Giving Insights, we’re helping leaders take the guesswork out of financial management and donor engagement and turning giving data into the insights that can drive generosity for ministries. These insights allow church leaders to better steward their resources so they can maintain focus on their mission and their people.” The new Insights module simplifies data analysis, allowing church leaders to use analytic insights to inform their connections with members while strengthening community bonds. Two key features within the module, the Donor Giving Changes and Scheduled Giving dashboards, provide leaders with a clear picture of changing member engagement and upcoming contributions, enabling them to anticipate and plan with greater confidence. “The Donor Giving Changes dashboard is especially powerful to help identify and connect with members who might need pastoral care,” Bethlehem Church Controller Jeffrey Wright said. “The Scheduled Giving dashboard allows us to anticipate future contributions, which will be crucial as we transition out of our current campaign. These insights can enhance our stewardship within our church community.” With Vanco Giving Insights, churches of all sizes can easily understand their donor data, make informed decisions and strengthen donor relationships. By bringing these capabilities to the Vanco Giving Platform, Vanco underscores its commitment to helping faith-based organizations grow their impact through accessible and innovative technology. For more information on Vanco Giving Insights, please visit Vanco’s website or contact the Vanco team at 1-800-675-7430. View source version on businesswire.com : https://www.businesswire.com/news/home/20241204870863/en/ CONTACT: Jordan Meyers Sr. Digital Content Manager jordan.meyers@vanco.com 952.491.9922 KEYWORD: MINNESOTA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: TECHNOLOGY PAYMENTS FINANCE RELIGION FINTECH PROFESSIONAL SERVICES SOFTWARE DATA ANALYTICS CONSUMER SOURCE: Vanco Copyright Business Wire 2024. PUB: 12/04/2024 04:06 PM/DISC: 12/04/2024 04:05 PM http://www.businesswire.com/news/home/20241204870863/en
PHILADELPHIA and PERTH, Australia , Dec. 23, 2024 /PRNewswire/ -- Arcadium Lithium plc (NYSE: ALTM , ASX: LTM, "Arcadium Lithium"), a leading global lithium chemicals producer, today announced that it has obtained all requisite shareholder approvals in connection with the proposed acquisition by Rio Tinto previously announced on October 9 , 2024. "Today's vote of support by our shareholders confirms our shared belief that with Rio Tinto, we will be a stronger global leader in lithium chemicals production. Together, we enhance our capabilities to successfully develop and operate our assets while supporting the clean energy transition. We are confident that this transaction will provide future benefit to our customers, employees and the communities in which we operate, and I am excited by the path ahead," said Paul Graves , president and chief executive officer of Arcadium Lithium. The final voting results of Arcadium Lithium's special meetings will be filed with the Securities and Exchange Commission in a Form 8-K and will also be available at https://ir.arcadiumlithium.com . Regulatory Update As of this release, merger control clearance has been satisfied or waived in Australia , Canada , China , the United Kingdom and the United States (Hart-Scott-Rodino Antitrust Improvements Act of 1976). Additionally, investment screening approval has been satisfied in the United Kingdom . The proposed transaction is still expected to close in mid-2025, subject to the receipt of remaining regulatory approvals and other closing conditions. Arcadium Lithium Contacts Investors: Daniel Rosen +1 215 299 6208 [email protected] Phoebe Lee +61 413 557 780 [email protected] Media: Karen Vizental +54 9 114 414 4702 [email protected] About Arcadium Lithium Arcadium Lithium is a leading global lithium chemicals producer committed to safely and responsibly harnessing the power of lithium to improve people's lives and accelerate the transition to a clean energy future. We collaborate with our customers to drive innovation and power a more sustainable world in which lithium enables exciting possibilities for renewable energy, electric transportation and modern life. Arcadium Lithium is vertically integrated, with industry-leading capabilities across lithium extraction processes, including hard-rock mining, conventional brine extraction and direct lithium extraction (DLE), and in lithium chemicals manufacturing for high performance applications. We have operations around the world, with facilities and projects in Argentina , Australia , Canada , China , Japan , the United Kingdom and the United States . For more information, please visit us at www.ArcadiumLithium.com . Important Information and Legal Disclaimer: Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Certain statements in this news release are forward-looking statements. In some cases, we have identified forward-looking statements by such words or phrases as "will likely result," "is confident that," "expect," "expects," "should," "could," "may," "will continue to," "believe," "believes," "anticipates," "predicts," "forecasts," "estimates," "projects," "potential," "intends" or similar expressions identifying "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including the negative of those words and phrases. Such forward-looking statements are based on our current views and assumptions regarding future events, future business conditions and the outlook for Arcadium Lithium based on currently available information. There are important factors that could cause Arcadium Lithium's actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements, including the completion of the transaction on anticipated terms and timing, including obtaining required regulatory approvals, and the satisfaction of other conditions to the completion of the transaction; potential litigation relating to the transaction that could be instituted by or against Arcadium Lithium or its affiliates, directors or officers, including the effects of any outcomes related thereto; the risk that disruptions from the transaction will harm Arcadium Lithium's business, including current plans and operations; the ability of Arcadium Lithium to retain and hire key personnel; potential adverse reactions or changes to business or governmental relationships resulting from the announcement or completion of the transaction; certain restrictions during the pendency of the transaction that may impact Arcadium Lithium's ability to pursue certain business opportunities or strategic transactions; significant transaction costs associated with the transaction; the possibility that the transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; the occurrence of any event, change or other circumstance that could give rise to the termination of the transaction, including in circumstances requiring Arcadium Lithium to pay a termination fee or other expenses; competitive responses to the transaction; the supply and demand in the market for our products as well as pricing for lithium and high-performance lithium compounds; our ability to realize the anticipated benefits of the integration of the businesses of Livent and Allkem or of any future acquisitions; our ability to acquire or develop additional reserves that are economically viable; the existence, availability and profitability of mineral resources and mineral and ore reserves; the success of our production expansion efforts, research and development efforts and the development of our facilities; our ability to retain existing customers; the competition that we face in our business; the development and adoption of new battery technologies; additional funding or capital that may be required for our operations and expansion plans; political, financial and operational risks that our lithium extraction and production operations, particularly in Argentina , expose us to; physical and other risks that our operations and suppliers are subject to; our ability to satisfy customer qualification processes or customer or government quality standards; global economic conditions, including inflation, fluctuations in the price of energy and certain raw materials; the ability of our joint ventures, affiliated entities and contract manufacturers to operate according to their business plans and to fulfill their obligations; severe weather events and the effects of climate change; extensive and dynamic environmental and other laws and regulations; our ability to obtain and comply with required licenses, permits and other approvals; and other factors described under the caption entitled "Risk Factors" in Arcadium Lithium's 2023 Form 10-K filed with the SEC on February 29, 2024 , as well as Arcadium Lithium's other SEC filings and public communications. Although Arcadium Lithium believes the expectations reflected in the forward-looking statements are reasonable, Arcadium Lithium cannot guarantee future results, level of activity, performance or achievements. Moreover, neither Arcadium Lithium nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. Arcadium Lithium is under no duty to update any of these forward-looking statements after the date of this news release to conform its prior statements to actual results or revised expectations . SOURCE Arcadium Lithium PLCPolice contacted suspect before Christmas market attack
LaLiga: I’m angry – Raphinha slams Barça after 2-1 defeat to Las PalmasNissan and Honda to attempt a merger that would create the world's No. 3 automaker TOKYO (AP) — Japanese automakers Nissan and Honda have announced plans to work toward a merger that would catapult them to a top position in an industry in the midst of tectonic shifts as it transitions away from its reliance on fossil fuels. The two companies said they signed an agreement on integrating their businesses on Monday. Smaller Nissan alliance member Mitsubishi Motors agreed to join the talks. News of a possible merger surfaced earlier this month. Japanese automakers face a strong challenge from their Chinese rivals and Tesla as they make inroads into markets at home and abroad. What a merger between Nissan and Honda means for the automakers and the industry BANGKOK (AP) — Japanese automakers Honda and Nissan will attempt to merge and create the world’s third-largest automaker by sales as the industry undergoes dramatic changes in its transition away from fossil fuels. The two companies said they had signed a memorandum of understanding on Monday and that smaller Nissan alliance member Mitsubishi Motors also had agreed to join the talks on integrating their businesses. Honda will initially lead the new management, retaining the principles and brands of each company. Following is a quick look at what a combined Honda and Nissan would mean for the companies, and for the auto industry. Nordstrom to be acquired by Nordstrom family and a Mexican retail group in $6.25 billion deal Century-old department store Nordstrom has agreed to be acquired and taken private by Nordstrom family members and a Mexican retail group in a $6.25 billion deal. Nordstrom shareholders will receive $24.25 in cash for each share of Nordstrom common stock, representing a 42% premium on the company’s stock as of March 18. Nordstrom’s board of directors unanimously approved the the proposed transaction, while Erik and Pete Nordstrom — part of the Nordstrom family taking over the company — recused themselves from voting. Following the close of the transaction, the Nordstrom Family will have a majority ownership stake in the company. An analyst looks ahead to how the US economy might fare under Trump WASHINGTON (AP) — President-elect Donald Trump won a return to the White House in part by promising big changes in economic policy — more tax cuts, huge tariffs on imports, mass deportations of immigrants working in the United States illegally. In some ways, his victory marked a repudiation of President Joe Biden’s economic stewardship and a protest against inflation. It came despite low unemployment and steady growth under the Biden administration. What lies ahead for the economy under Trump? Paul Ashworth of Capital Economics spoke recently to The Associated Press. The interview has been edited for length and clarity. American consumers feeling less confident in December, Conference Board says American consumers are feeling less confident in December, a business research group says. The Conference Board said Monday that its consumer confidence index fell back in December to 104.7 from 112.8 in November. Consumers had been feeling increasingly confident in recent months. The consumer confidence index measures both Americans’ assessment of current economic conditions and their outlook for the next six months. The measure of Americans’ short-term expectations for income, business and the job market tumbled more than a dozen points to 81.1. The Conference Board says a reading under 80 can signal a potential recession in the near future. Stock market today: Wall Street rises at the start of a holiday-shortened week Stocks closed higher on Wall Street at the start of a holiday-shortened week. The S&P 500 rose 0.7% Monday. Several big technology companies helped support the gains, including chip companies Nvidia and Broadcom. The Dow Jones Industrial Average added 0.2%, and the Nasdaq composite rose 1%. Honda's U.S.-listed shares rose sharply after the company said it was in talks about a combination with Nissan in a deal that could also include Mitsubishi Motors. Eli Lilly rose after announcing that regulators approved Zepbound as the first prescription medicine for adults with sleep apnea. Treasury yields rose in the bond market. The internet is rife with fake reviews. Will AI make it worse? Researchers and watchdog groups say the emergence of generative artificial intelligence tools that allow people to efficiently produce detailed and novel online reviews has put merchants, service providers and consumers in uncharted territory. Phony reviews have long plagued many popular consumer websites, such as Amazon and Yelp. But AI-infused text generation tools enable fraudsters to produce reviews faster and in greater volume, according to tech industry experts. The deceptive practice is illegal in the U.S. and becomes a bigger problem for consumers during the holiday shopping season, when many people rely on reviews to buy gifts. A tech company and watchdog group that uses software to detect fake reviews says AI-generated reviews have multiplied. Romanian lawmakers narrowly approve new pro-European coalition during period of political turmoil BUCHAREST, Romania (AP) — Romanian lawmakers have voted narrowly in favor of a new pro-European coalition government led by incumbent Prime Minister Marcel Ciolacu. The move on Monday could usher in an end to a protracted political crisis in the European Union country following the annulment of a presidential election. Parliament approved the new administration in a 240-143 vote in the 466-seat legislature. The new coalition is made up of the leftist Social Democratic Party, the center-right National Liberal Party, the small ethnic Hungarian UDMR party and national minorities. President Klaus Iohannis swore in the new government on Monday night. Government regulators close investigation into Ford Focus recalls Government safety regulators are closing an investigation into two previous recalls of the Ford Focus after determining that Ford Motor Co. has satisfied its concerns. Ford recalled around 1.5 million Ford Focus sedans from the 2012-2018 model years in 2018 because they could lose power. The issue was a malfunctioning canister purge valve and software that didn’t adequately detect when it was stuck open. Ford fixed the software in two separate recalls, but after cars continued to stall, the government opened an inquiry last year. Earlier this fall, Ford offered to replace the canister purge valve on all of the vehicles, satisfying regulators' concerns. AI will eavesdrop on world's wildest places to track and help protect endangered wildlife PUERTO JIMÉNEZ, Costa Rica (AP) — A biologist hid 350 audio monitors across Costa Rica’s tropical rainforests to spy on endangered spider monkeys in order to help protect them. But she had to go back to collect the data and feed those sounds into artificial intelligence systems that can recognize monkey calls. Now tech giant Microsoft's philanthropic arm is hoping to supercharge AI-assisted wildlife research with new solar-powered devices that can capture sounds, images and other wilderness data for a year or more without human intervention. Researchers say more AI wildlife surveillance is urgently needed to monitor the health of species at risk of extinction.
Arkansas DE Landon Jackson carted off field and taken to hospital with neck injuryWest Virginia knocks off No. 3 Gonzaga 86-78 in overtime in the Battle 4 Atlantis
IHSAA boys basketball scores | Saturday, Nov. 30
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ANDOVER, Mass. , Dec. 23, 2024 /PRNewswire/ -- TransMedics Group, Inc. ("TransMedics") (Nasdaq: TMDX), a medical technology company that is transforming organ transplant therapy for patients with end-stage lung, heart, and liver failure, today announced that members of the management team will present at the upcoming 43 rd Annual J.P. Morgan Healthcare Conference. The presentation will take place on Monday, January 13, 2025 , at 2:15 p.m. Pacific Standard Time / 5:15 p.m. Eastern Standard Time . Javascript is required for you to be able to read premium content. Please enable it in your browser settings.MADISON, Wis. — John Tonje had 22 points and Nolan Winter scored 12 to pace Wisconsin to a 74-53 win over Chicago State on Saturday. Wisconsin (8-0) gained control with a 17-3 run early in the second half, going in front 49-30 on a dunk by Winter with 11:21 remaining. The Cougars (0-9) made just 1 of 13 shots during that stretch. Jalen Forrest was the only Cougars player to score in double figures. He had 10 points. Chicago State, which missed its first 10 shots from beyond the arc, pulled within 30-25 on Greg Spate’s 3-pointer with 1:37 left in the first half. Tonje’s lay-in put the Badgers up 32-25 at the break. Chicago State: The Cougars, who entered averaging 59.1 points, struggled again offensively. Their point differential of minus-25.3 per game was 352nd out of 355 teams in Division 1. Wisconsin: The Badgers avoided the slow start that has plagued them in several games this season. Wisconsin trailed Holy Cross by 16 early in the season opener, Appalachian State early by nine, and in its last game, overcame a 14-point first-half deficit in an 81-75 win over Pittsburgh. Chicago State scored to open the second and pull within 32-27, but the Badgers answered with an 8-0 run, going in front 40-27 on Tonje’s 3-pointer from the left corner. Wisconsin, which entered No. 1 in the nation in free-throw percentage at 86.5% (147-of-170), made 18 of 21 from the line. Wisconsin hosts Michigan on Tuesday in the Big Ten opener for each team. Chicago State is at St. Thomas (Minn.) on Monday.
Kaapo Kakko’s late goal lifts Rangers past Canadiens 4-3First treatment in 50 years for serious asthma attacks is ‘game-changer’
There is renewed confidence at foreign exchange (forex) market with the naira rose against the dollar at the Nigerian autonomous foreign exchange market (NAFEM) ahead of Blomberg BMatch forex implementation. Spot forex data from the FMDQ platform revealed that the naira appreciated by 0.97 per cent, closing at N1,659.44 per dollar in the official market. Traders noted that the exchange rate fluctuated between N1,661 and N1,705.00, ultimately closing at N1,659.44 per greenback. In a directive, the Central Bank of Nigeria (CBN) has told authorised deposit money banks to acquire necessary technology and resources to integrate with the Bloomberg BMatch system. The directive followed the apex bank decision to implement automated foreign exchange trading to improve supply, transparency, and governance. The CBN said effective from December 2, all authorised dealers will go live in the use of Bloomberg BMatch as the electronic foreign exchange matching system (EFEMS) for its forex trading activities. The CBN said the platform will enhance the integrity and operational efficiency of currency trading by providing transparent and automated matching trades. The authority expects this process to lead to market efficiency and greater price discovery. The CBN policy committee expressed concerns about persisting exchange rate pressure reflecting increasing demand for dollars. Nigeria’s gross external reserves remained strong at more than $40.257 billion, based on the latest information on foreign exchange movement from the CBN. The nation’s foreign reserves recorded four outflows since last week, when it peaked at $40.291 billion. In the global commodities market, oil prices declined as traders monitored OPEC+ talks regarding production and speculated on the effects of President-elect Donald Trump’s proposed trade tariffs on Mexico and Canada.
The latest election results in the U.S. may indeed mark a new era for the world. President-elect Donald Trump’s economic policies are likely to take center stage in his second term. Trump seems very likely to pursue the plans he promised during his campaign, including higher import tariffs and a major crackdown on illegal immigration. Accordingly, s cenarios in which inflation may rise, and economic growth may weaken come to the fore. P olicies toward economic growth, employment, and macro-financial stability, as well as more domestic incentives for high technology and manufacturing, are also anticipated. Yet, it also seems like Trump’s historic comeback and his decisive victory means far more for the markets and the American corporatocracy. Business and tech leaders, American billionaires including CEOs of Amazon, Microsoft, Meta, Alphabet, OpenAI, Apple and others lined up to congratulate Trump on his election victory. However, this is surely more than just being a decent gesture. Trump’s reelection means a lot more to all these business leaders. They all seem eager to be working with the new president and are looking forward to greater opportunities awaiting the U.S. economy. Indeed, the Wall Street elites sensed money and have prepared for Trump’s return much earlier. Despite Trump’s earlier criticism and threats against some of them, many had been seeking connection channels with him, even in the lead-up to the elections. After all, for some, the new Trump era is perceived as a new opportunity to regenerate American exceptionalism, a new era of innovation, productivity, ingenuity and creativity. As a matter of fact, American billionaires, business and tech moguls have recently been increasingly interested in American politics and aiming to keep closer contact with Washington. Of course, all, solely for emotional reasons! Yet, a hard reality at this point, most still depend on public subsidies or government support for their company’s success or to keep their wealth. No doubt, they aim to protect their contracts in the government or benefit more from the new era of privatization policies against any potential anonymity from the new American administration. These American billionaires have recently even been able to donate limitless to political campaigns. And this is, again, with the hope of getting Washington’s support in existing or expected antitrust cases, having a say in prospective regulations or any other potential issues against their powerful tech empires. After all, personal data and privacy issues, market dominance or societal impacts are each increasingly a key concern within the tech industry. However, these new efforts could also, the least, be considered as a new peace offering. Most of these tech leaders are certainly afraid of threats of retribution. Or they may even be aiming to be the next president! Who knows! Nevertheless, market optimism, expected deregulation trends and other market-friendly policies are surely helping these businesses, as most of these company shares were also up recently. Thanks to surging stock prices, most tech billionaires added tens of billions of dollars to their fortunes, even in just a day. The top 10 billionaires added $64 billion to their wealth, according to the Bloomberg Billionaires Index. The CEO of Tesla and SpaceX, Elon Musk ’s fortune alone passed the $300-billion threshold. The other U.S.-based IT, chip and semiconductor producers have all gained. Trump, as a rather aggressive Republican, will likely prioritize supporting growth with much more market-friendly, but often more protectionist policies. The fight against inflation may remain in the background and the risks arising from existing public debt will also grow. In his first term in 2016, Mr. Trump prioritized keeping the economy alive with expansionary policies and easy credit policies. With its protectionist policies, it introduced new sanctions, quotas and customs regulations against economies in the U.S. that had large external deficits. Hence, economic development, together with regulations, subsidies and legal issues will likely take center stage again. It should not be difficult to predict that increasing domestic production and raising import taxes will be priorities of the new period as well. Most likely, energy, technology and even the finance sectors will benefit from the new era's subsidies, as well as tax and credit practices. Low taxes, lighter regulations, and higher tariffs in the finance, energy, and tech industries should benefit American billionaires and stimulate business sentiment. A non-interventionist stance and tariffs may lead to higher inflation, while the combination of higher tariffs, lower taxes and deregulation is likely to mildly reduce growth. Cutting corporate taxes, decreasing Social Security spending, and subsidies to support productivity will attract the attention of large corporations. Other corporatism-friendly policies, tax cuts and relaxing financial regulations are also on the agenda. Business interests also include regulations, tariffs and quotas on trade with China. It is also important to understand to what degree major business leaders in the U.S., led by Musk, will be affected by the new Trump era. Though Trump's poor relations with business moguls such as Jeff Bezos and Mark Zuckerberg may take a different turn when all these businessmen step back. Nowadays, even those who backed Democratic candidate Vice President Kamala Harris or earlier critics of Trump 1.0’s policies and his role in the insurrection post the 2020 elections (January 2021) are kissing the ring. Business Roundtable, a nongovernmental organization (NGO) of CEOs and a powerful lobbying group has also congratulated Trump and his new team. Meanwhile, although most high-powered tech executives are lined up to embrace the new Trump administration, most of their workforce is still considered to support the Democrats – Silicon Valley has historically leaned toward the left. Nonetheless, today’s business policy and stance shift should not come as a surprise either. As a matter of fact, there was another similar policy shift (on the tech giants' CEO’s part) back in December 2016, when Trump won his first election. These shifting positions are also part of the bigger strategy to be part of the new game or new era policies. Yet, Trump is still expected to take an anti-establishment and decentralized stance, an antitrust approach to Big Tech power consolidation, as well as being a pro-crypto and AI development candidate. Deregulations are expected to take the lead. Meanwhile, many of these tech or business leaders were rather neutral in the lead-up to the 2024 elections. However, the wealthiest of them all, Musk, donated over $100 million (according to some sources) to Trump’s 2024 campaign. Overall, though, the stock market surge and crypto market volatilities are all good signs of a positive market reaction to the new Trump era. The Dow and S&P 500 indexes registered their biggest one-day percentage gains in a while. The Nasdaq technology index and small-cap Russell 2000 have also rallied. Republicans have captured the presidency, the House of Representatives and the Senate in the U.S. Therefore, they will be deciding all the new economic policies. The Oval Office will surely have a huge influence even over policies directly impacting the tech sector. The hope is that a new era of closer political power and technological innovation partnerships will forge ahead! After all, during Trump 1.0, for example, there was a strong real economy and a dynamic labor market until the pandemic. However, during Trump 2.0, with extreme competition, both the U.S. and Chinese economies are expected to slow down to some degree.
Shares of Autodesk, Inc. ADSK are trading lower on Wednesday but they may have found support. The company posted earnings that were slightly better than estimates but investors are concerned about decreasing margins. Our team of traders and technical analysts has made it our Stock of the Day . Operating margin is the percent of profit a company has on a dollar of sales after all costs are considered. In Q3 of last year, Autodesk had an operating margin of 24%. This means that for every dollar of sales, the company kept 24 cents. But this year, the margin has dropped to 22%. This means they are now only keeping 22 cents. This may not sound like a significant drop, but it shows that the company is becoming less efficient. This may be a bearish sign for the longer-term and some investors are selling. It isn't a coincidence that the shares found support around the $293 level. Read Also: Fed’s Favorite Inflation Gauge Heats Up As Predicted, Personal Incomes Soar As you can see on the chart, this level was resistance in October. Many of the investors and traders who sold at this resistance thought they made a good decision when the price dropped soon after. But in early November the resistance broke and the stock gapped higher. When this happened, some of those who sold came to regret their decision to do so. A number of them decided to buy their shares back. But they would only do so if they could buy them at the same price they were sold for. As a result, now that the stock has dropped back to their selling prices they are placing buy orders. The large concentration of these orders has formed support at the price that had been resistance. Sometimes stocks rally after they drop to resistance. This happens because some of the buyers become nervous. They know that the sellers are going to go to whoever is willing to pay the highest price. They are afraid that they will be outbid by other buyers. So, they increase their bid prices. Other nervous buyers see this and do the same thing. It could result in a snowball effect or bidding war that pushes the price up. Levels that had been resistance can become support. Stocks tend to rally after reaching support. Shares of Autodesk may be about to move higher. Price Action : Autodesk closed Wednesday at $290.64 per share, down 8.6%. Read Next: Anthony Scaramucci: Trump Win Is ‘The Greatest Political Comeback In US History,’ Crypto Surge Following It Was 3 Years Overdue © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.The latest election results in the U.S. may indeed mark a new era for the world. President-elect Donald Trump’s economic policies are likely to take center stage in his second term. Trump seems very likely to pursue the plans he promised during his campaign, including higher import tariffs and a major crackdown on illegal immigration. Accordingly, s cenarios in which inflation may rise, and economic growth may weaken come to the fore. P olicies toward economic growth, employment, and macro-financial stability, as well as more domestic incentives for high technology and manufacturing, are also anticipated. Yet, it also seems like Trump’s historic comeback and his decisive victory means far more for the markets and the American corporatocracy. Business and tech leaders, American billionaires including CEOs of Amazon, Microsoft, Meta, Alphabet, OpenAI, Apple and others lined up to congratulate Trump on his election victory. However, this is surely more than just being a decent gesture. Trump’s reelection means a lot more to all these business leaders. They all seem eager to be working with the new president and are looking forward to greater opportunities awaiting the U.S. economy. Indeed, the Wall Street elites sensed money and have prepared for Trump’s return much earlier. Despite Trump’s earlier criticism and threats against some of them, many had been seeking connection channels with him, even in the lead-up to the elections. After all, for some, the new Trump era is perceived as a new opportunity to regenerate American exceptionalism, a new era of innovation, productivity, ingenuity and creativity. As a matter of fact, American billionaires, business and tech moguls have recently been increasingly interested in American politics and aiming to keep closer contact with Washington. Of course, all, solely for emotional reasons! Yet, a hard reality at this point, most still depend on public subsidies or government support for their company’s success or to keep their wealth. No doubt, they aim to protect their contracts in the government or benefit more from the new era of privatization policies against any potential anonymity from the new American administration. These American billionaires have recently even been able to donate limitless to political campaigns. And this is, again, with the hope of getting Washington’s support in existing or expected antitrust cases, having a say in prospective regulations or any other potential issues against their powerful tech empires. After all, personal data and privacy issues, market dominance or societal impacts are each increasingly a key concern within the tech industry. However, these new efforts could also, the least, be considered as a new peace offering. Most of these tech leaders are certainly afraid of threats of retribution. Or they may even be aiming to be the next president! Who knows! Nevertheless, market optimism, expected deregulation trends and other market-friendly policies are surely helping these businesses, as most of these company shares were also up recently. Thanks to surging stock prices, most tech billionaires added tens of billions of dollars to their fortunes, even in just a day. The top 10 billionaires added $64 billion to their wealth, according to the Bloomberg Billionaires Index. The CEO of Tesla and SpaceX, Elon Musk ’s fortune alone passed the $300-billion threshold. The other U.S.-based IT, chip and semiconductor producers have all gained. Trump, as a rather aggressive Republican, will likely prioritize supporting growth with much more market-friendly, but often more protectionist policies. The fight against inflation may remain in the background and the risks arising from existing public debt will also grow. In his first term in 2016, Mr. Trump prioritized keeping the economy alive with expansionary policies and easy credit policies. With its protectionist policies, it introduced new sanctions, quotas and customs regulations against economies in the U.S. that had large external deficits. Hence, economic development, together with regulations, subsidies and legal issues will likely take center stage again. It should not be difficult to predict that increasing domestic production and raising import taxes will be priorities of the new period as well. Most likely, energy, technology and even the finance sectors will benefit from the new era's subsidies, as well as tax and credit practices. Low taxes, lighter regulations, and higher tariffs in the finance, energy, and tech industries should benefit American billionaires and stimulate business sentiment. A non-interventionist stance and tariffs may lead to higher inflation, while the combination of higher tariffs, lower taxes and deregulation is likely to mildly reduce growth. Cutting corporate taxes, decreasing Social Security spending, and subsidies to support productivity will attract the attention of large corporations. Other corporatism-friendly policies, tax cuts and relaxing financial regulations are also on the agenda. Business interests also include regulations, tariffs and quotas on trade with China. It is also important to understand to what degree major business leaders in the U.S., led by Musk, will be affected by the new Trump era. Though Trump's poor relations with business moguls such as Jeff Bezos and Mark Zuckerberg may take a different turn when all these businessmen step back. Nowadays, even those who backed Democratic candidate Vice President Kamala Harris or earlier critics of Trump 1.0’s policies and his role in the insurrection post the 2020 elections (January 2021) are kissing the ring. Business Roundtable, a nongovernmental organization (NGO) of CEOs and a powerful lobbying group has also congratulated Trump and his new team. Meanwhile, although most high-powered tech executives are lined up to embrace the new Trump administration, most of their workforce is still considered to support the Democrats – Silicon Valley has historically leaned toward the left. Nonetheless, today’s business policy and stance shift should not come as a surprise either. As a matter of fact, there was another similar policy shift (on the tech giants' CEO’s part) back in December 2016, when Trump won his first election. These shifting positions are also part of the bigger strategy to be part of the new game or new era policies. Yet, Trump is still expected to take an anti-establishment and decentralized stance, an antitrust approach to Big Tech power consolidation, as well as being a pro-crypto and AI development candidate. Deregulations are expected to take the lead. Meanwhile, many of these tech or business leaders were rather neutral in the lead-up to the 2024 elections. However, the wealthiest of them all, Musk, donated over $100 million (according to some sources) to Trump’s 2024 campaign. Overall, though, the stock market surge and crypto market volatilities are all good signs of a positive market reaction to the new Trump era. The Dow and S&P 500 indexes registered their biggest one-day percentage gains in a while. The Nasdaq technology index and small-cap Russell 2000 have also rallied. Republicans have captured the presidency, the House of Representatives and the Senate in the U.S. Therefore, they will be deciding all the new economic policies. The Oval Office will surely have a huge influence even over policies directly impacting the tech sector. The hope is that a new era of closer political power and technological innovation partnerships will forge ahead! After all, during Trump 1.0, for example, there was a strong real economy and a dynamic labor market until the pandemic. However, during Trump 2.0, with extreme competition, both the U.S. and Chinese economies are expected to slow down to some degree.