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Rooftop system lets any EV harness the power of the sunLizzo fans react to singer’s dramatic new appearance: ‘Beautiful’NEW YORK (AP) — The founder and former CEO of the failed cryptocurrency lending platform Celsius Network could face decades in prison after pleading guilty Tuesday to federal fraud charges, admitting that he misled customers about the business. Alexander Mashinsky , 58, of Manhattan, entered the plea in New York federal court to commodities and securities fraud. He admitted illegally manipulating the price of Celsius’s proprietary crypto token while secretly selling his own tokens at inflated prices to pocket about $48 million before Celsius collapsed into bankruptcy in 2022. In court, he admitted that in 2021 he publicly suggested there was regulatory consent for the company's moves because he knew that customers “would find false comfort” with that. And he said that in 2019, he was selling the crypto tokens even though he told the public that he was not. He said he knew customers would draw false comfort from that too. “I accept full responsibility for my actions,” Mashinsky said of crimes that stretched from 2018 to 2022 as the company pitched itself to customers as a modern-day bank where they could safely deposit crypto assets and earn interest. U.S. Attorney Damian Williams said in a release that Mashinsky “orchestrated one of the biggest frauds in the crypto industry” as his company's assets purportedly grew to about $25 billion at its peak, making it one of the largest crypto platforms in the world. He said Mashinsky used catchy slogans like “Unbank Yourself” to entice prospective customers with a pledge that their money would be as safe in crypto accounts as money would be in a bank. Meanwhile, prosecutors said, Mashinsky and co-conspirators used customer deposits to fund market purchases of the Celsius token to prop up its value. Machinsky made tens of millions of dollars selling his own CEL tokens at artificially high prices, leaving his customers “holding the bag when the company went bankrupt,” Williams said. An indictment alleged that Mashinsky promoted Celsius through media interviews, his social media accounts and Celsius’ website, along with a weekly “Ask Mashinsky Anything” session broadcast that was posted to Celsius’ website and a YouTube channel. Celsius employees from multiple departments who noticed false and misleading statements in the sessions warned Mashinsky, but they were ignored, the indictment said. A plea agreement Mashinsky made with prosecutors calls for him to be sentenced to up to 30 years in prison and to forfeit over $48 million, which is the amount of money he allegedly made by selling his company's token. Sentencing was scheduled for April 8.More Americans are leaning into their Christian faith in what some religious leaders and scholars are calling a “fourth Great Awakening.” Bible sales in the United States have skyrocketed in 2024, religious colleges are seeing enrollment boosts despite overall declines in higher education attendance and several states are pushing for Bible-based curriculum in public schools. Some Bible scholars believe this may mark a significant cultural shift. “While it has been apparent to a few of us for some time, millions are now realizing that ‘woke’ ideologies are, in fact, destructive attempts to re-found the nation according to a new civic religion which both parodies and persecutes Christianity,” Chad Pecknold, theologian and professor at The Catholic University of America, told the Daily Caller News Foundation. Despite overall book sales increasing by only 1% compared to 2023, Bible sales in the U.S. have reached an impressive 22% increase as of October 2024, according to the Wall Street Journal. The Cardinal Newman Society in October reported that enrollment at Catholic colleges has risen in 2024 despite an overall enrollment decrease at other institutions, with several schools such as Ave Maria University in Florida and Benedictine College in Kansas seeing record growth, increasing attendance by more than 20% over the last 10 years. “There is a resurgence of Christianity among young people,” Wade Burleson, retired pastor and president of Istoria Ministries, told the DCNF. “I see what is happening [as] more of an Awakening. An Awakening occurs when the irreligious come to faith in Christ.” Burleson pointed to several instances of young people coming into faith in doves in recent years, with hundreds of students being baptized on campuses across the nation, including several members of the four-time national champion Oklahoma University women’s softball team. “There have been three Great Awakenings in America, and a few smaller ones,” Burleson continued. “I believe we are in the beginning of a fourth Great Awakening and it is a response to inflation (financial panic), pandemics (Covid), wars (global), and the sudden death of stability in America. There is no anchor in life better than the Anchor of Hope, and when the ship of life is tossed to and fro, faith awakens.” Pecknold shared this sentiment, arguing that far-left politics have driven Americans towards Christianity. “Democrats, and the corporations and institutions they controlled, embraced this pseudo-civic religion in their attempt to take total control over the American republic,” Pecknold said. “The American people saw their totalitarian appetites on display in everything from forced vaccinations to extreme racialism to the redefinition of marriage and the denial of sexual difference, all under the ever-evolving banner of ‘the Progress Flag.'” “This is when the Democrats were defeated so thoroughly on November 5th, it was not only seen as a political victory, but also as a religious victory: it was a repudiation of the ersatz civic religion that Democrats had used to re-found the country.” Catholic voters played a pivotal role in the 2024 presidential election, making up approximately 25% of the vote and overwhelmingly siding with President-elect Donald Trump, with other Christian voters following suit. This was a surprising revelation considering tens of millions of Christians were expected to refrain from voting, citing a dislike of both candidates and general uninterest in politics, according to Relevant Magazine. Some religious organizations, however, made efforts to warn voters prior to the election that the Democratic ticket was “ patently anti-religious .” (RELATED: ‘Why Would Any Christian Vote For Her?’: Pro-Life Orgs React To Harris’ ‘Anti-Religious Freedom’ Abortion Stance) A view of the Cathedral of St. John the Divine in the Morningside Heights neighborhood of northern Manhattan on October 06, 2024 in New York City. (Photo by Roy Rochlin/Getty Images) Greg Boyd, theologian and Pastor at Woodland Hills Church in St. Paul, Minnesota is less convinced of this religious revival. “My concern is that a lot of it seems to be wrapped up with nationalism,” Boyd told the DCNF. “And it concerns me because whenever the Christian faith has gotten too close to political power, it’s been transformed by the political power, and we have Christians trying to control others and conquer others, the same as we’ve had throughout history. And in my opinion, that doesn’t look anything [like] what we find in the Gospel.” Boyd pointed to examples of states like Texas , Louisiana and Oklahoma approving the implementation of Bible lessons into public school lessons. Texas’ law is meant to help “students to better understand the connection of history, art, community, literature, and religion on pivotal events” in history and Oklahoma’s is similarly meant “as an instructional support into the curriculum.” “Where did Jesus ever impose himself on others?” the pastor asked. “I mean, I would love to see a revival in the country,” Boyd said. “The evidence of that would be, I would think, people become more Christ-like, they become more loving. They would be trying to turn the other cheek, trying to reach out across the aisle and build bridges instead of walls. And I don’t see any of that happening with the church as a whole. Seems like it’s kind of gone deeply into political polarization.” Boyd agreed that many issues in politics have driven people to view current affairs through a religious lens. Cultural issues such as abortion, gender ideology and diversity, equity and inclusion (DEI) have been hot topics dividing Americans’ opinions, especially religious Americans. The ongoing war in Gaza, as well as the hundreds of protests that spanned the U.S. in response, also impacted Christians’ perspective, with many viewing the apparent prosecution of Jews on college campuses as an infringement on religious freedom as a whole. Church attendance among Christians remains relatively low in the United States, with only 30% of Protestants and 23% of Catholics attending church every week, according to a March Gallup poll. However, more Americans than ever are consuming religious content, with the Hallow prayer app becoming the first religious app to top Apple’s App Store in 2024 and Fr. Mike Schmitz’s Bible In A Year podcast consistently topping charts in recent years, according to National Review. Young men in particular are maintaining their devotion to faith, with more Gen Z men identifying as Christian than women for the first time, according to the New York Times. “We are currently seeing a kind of clarity about the civilizational conflict that ‘woke’ ideologies provoked,” Pecknold told the DCNF. “In brief, the people are fed up with this fake religion, and even if they aren’t Christian themselves, they’re realizing that Christianity provides a far better ‘unwritten constitution’ for the nation than anti-Christian wokism can supply. There’s a simple realization at work here.” “Christianity is an ordering principle which elevates and ennobles souls, families, and societies — it’s inherently public, and cannot be ‘privatized,’ relegated to the margins, or separated from questions of education, heritage, public morality, family policy, law, or the aspirations of nations,” Pecknold said. “We still date time by the Incarnation because, deep down, everyone knows that Christianity is objectively true and good for all people — it roots us in reality, it helps us to promote the truly good, and avoid those evils which cause so much suffering — it elevates us by the Light of Christ. Public Christianity is literally what makes civilizational renewal possible. The fact that Americans are remembering this, and having the courage to state it, is a sign of great hope for the nation.” All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org .
Rising Demand from the Food and Beverage Industry: A Key Driver Transforming the Oxygen Scavenger Market 2024NoneQuest Partners LLC boosted its holdings in Cirrus Logic, Inc. ( NASDAQ:CRUS – Free Report ) by 67.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,466 shares of the semiconductor company’s stock after purchasing an additional 2,201 shares during the quarter. Quest Partners LLC’s holdings in Cirrus Logic were worth $679,000 at the end of the most recent quarter. A number of other institutional investors and hedge funds have also made changes to their positions in the business. Mitsubishi UFJ Trust & Banking Corp raised its stake in Cirrus Logic by 9.7% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 8,444 shares of the semiconductor company’s stock valued at $776,000 after buying an additional 746 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Cirrus Logic by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 6,363,188 shares of the semiconductor company’s stock worth $588,977,000 after purchasing an additional 128,393 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in Cirrus Logic by 3.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 45,404 shares of the semiconductor company’s stock worth $4,201,000 after purchasing an additional 1,645 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Cirrus Logic in the 1st quarter worth about $176,000. Finally, Quadrature Capital Ltd purchased a new stake in Cirrus Logic during the 1st quarter valued at about $278,000. Institutional investors own 87.96% of the company’s stock. Analysts Set New Price Targets Several research analysts have issued reports on CRUS shares. Susquehanna lifted their target price on shares of Cirrus Logic from $135.00 to $140.00 and gave the stock a “positive” rating in a report on Monday, November 18th. StockNews.com lowered shares of Cirrus Logic from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Barclays cut their target price on Cirrus Logic from $120.00 to $105.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 5th. KeyCorp boosted their price target on Cirrus Logic from $155.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Finally, Stifel Nicolaus dropped their price objective on Cirrus Logic from $165.00 to $140.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.50. Cirrus Logic Price Performance Shares of CRUS opened at $104.82 on Friday. The firm has a market capitalization of $5.57 billion, a P/E ratio of 17.77 and a beta of 0.96. Cirrus Logic, Inc. has a one year low of $74.83 and a one year high of $147.46. The business has a fifty day moving average of $116.23 and a 200 day moving average of $123.04. Cirrus Logic ( NASDAQ:CRUS – Get Free Report ) last released its quarterly earnings results on Monday, November 4th. The semiconductor company reported $2.25 EPS for the quarter, beating the consensus estimate of $2.02 by $0.23. The firm had revenue of $541.90 million during the quarter, compared to analyst estimates of $520.53 million. Cirrus Logic had a net margin of 17.19% and a return on equity of 18.15%. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.43 EPS. Analysts expect that Cirrus Logic, Inc. will post 5.21 EPS for the current fiscal year. Cirrus Logic Company Profile ( Free Report ) Cirrus Logic, Inc, a fabless semiconductor company, develops low-power high-precision mixed-signal processing solutions in China, the United States, and internationally. The company offers audio products, including amplifiers; codecs components that integrate analog-to-digital converters (ADCs) and digital-to-analog converters (DACs) into a single integrated circuit (IC); smart codecs, a codec with integrated digital signal processing; standalone digital signal processors; and SoundClear technology, which consists of a portfolio of tools, software, and algorithms that helps to enhance user experience with features, such as louder, high-fidelity sound, audio playback, voice capture, and hearing augmentation for use in smartphones, tablets, laptops, AR/VR headsets, home theater systems, automotive entertainment systems, and professional audio systems. Further Reading Receive News & Ratings for Cirrus Logic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cirrus Logic and related companies with MarketBeat.com's FREE daily email newsletter .
NEW YORK (AP) — Chad Chronister, Donald Trump's pick to run the Drug Enforcement Administration, said Tuesday he was withdrawing his name from consideration, becoming the second person selected by the president-elect to bow out quickly after being nominated for a position requiring Senate confirmation. Sheriff Chronister, the top law enforcement officer in Hillsborough County, Florida, said in a post on X that he was backing away from the opportunity, which he called “the honor of a lifetime.” “Over the past several days, as the gravity of this very important responsibility set in, I’ve concluded that I must respectfully withdraw from consideration,” Chronister wrote. He did not elaborate, and Trump's transition team did not immediately respond to a message seeking comment. Chronister follows former Republican congressman Matt Gaetz , Trump’s first pick to serve as attorney general, in withdrawing his name for a post in the administration. Gaetz withdrew following scrutiny over a federal sex trafficking investigation that cast doubt on his ability to be confirmed as the nation’s chief federal law enforcement officer. Trump's pick of Chronister for the DEA job drew backlash from conservatives, who raised concerns over his actions during the COVID-19 pandemic and his saying that his office “does not engage in federal immigration enforcement activities.” In March 2020, Chronister arrested the pastor of a megachurch who held services with hundreds of people and violated a safer-at-home order in place aimed at limiting the spread of the Covid virus. “Shame on this pastor, their legal staff and the leaders of this staff for forcing us to do our job. That’s not what we wanted to do during a declared state of emergency,” Chronister said at the time. “We are hopeful that this will be a wakeup call.” U.S. Rep. Thomas Massie, R-Ky, was among those airing public complaints, saying Chronister should be “disqualified” for the arrest. Others flagged comments Chronister made in a video about Florida’s immigration laws that he released in 2023 that circulated again online after Trump named him last weekend. In the video, Chronister praised the “rich diversity” of his community and called it “a place where people from all walks of life come together.” He said it was important to note his office “does not engage in federal immigration enforcement activities. We do not target individuals based on their immigration status. That’s the authority of federal agencies.” Trump has made a sweeping crackdown on immigration a central focus of his campaign and his aims for his coming administration. ___ Associated Press writer Adriana Gomez Licon in Fort Lauderdale, Florida contributed to this report. Michelle L. Price, The Associated PressNo. 5 UCLA snaps No. 1 South Carolina's 43-game win streak
Donald Trump is returning to the world stage. So is his trollingIt’s a milestone for stoners. New York is set to hit the $1 billion mark in cannabis sales since the legal market launched two years ago, state officials tell The Post. “These numbers clearly indicate that New York is open for business. There’s strong momentum behind the market right now,” said John Kagia, policy director for the state’s Office of Cannabis Management. Pot sales hit $863.9 million as of last week — and they could top the billion-dollar mark by the end of December, regulators say. The state surpassed $500 million in sales in August. The market has ramped in recent months after a rocky rollout marred by lawsuits, a massive illegal market and enormous backlogs in the awarding of retail licenses issued by the often-criticized understaffed and overwhelmed OCM. The turmoil and hiccups delayed the state’s timeline to develop the new legal market for marijuana. Gov. Kathy Hochul ordered a management shake-up after a scathing report she commissioned in May issued blunt criticism of how the regulatory agency was run, and 64 new staffers were hired. OCM currently employs 213 full-time workers, said OCM rep Taylor Randi Lee. There are now 245 licensed retail weed outlets, up from 41 stores at the end of 2023. Retail sales of weed have generated $22 million in combined tax revenues for local governments, including $7.9 million to New York City, according to state Comptroller Tom DiNapoli’s office. More than $16.6 million in tax revenue from the pot business also flowed to the state treasury through June and is on pace to double last year’s total Kagia said beefed-up enforcement and the padlocking of illegal pot shops under a new law approved by Hochul and the state Legislature had a big and immediate impact on boosting the bottom line of licensed cannabis retailers. Sales more than doubled — soaring 105% — among cannabis retailers that were in business before “Operation Padlock” took place in the spring and afterward, a survey by OCM found. Hochul’s office claimed the pot market is now reaching new highs. “Thanks to Governor Hochul’s leadership, more than 1,000 illegal dispensaries have been shut down, and the legal market, nearing $1 billion in sales, is booming,” said Hochul spokesman Miguel Arreola. “Her policies have helped transform the industry, increase revenues for local businesses, and spur reinvestments in the communities most harmed by historical wrongs — all while building the most equitable cannabis market in the nation,” the Hochul rep added. But social-justice advocates complain that too few licenses have gone to operators in communities disproportionately impacted by the war on drugs when marijuana was considered a crime — 5% of those set aside for the “equity” market and 2.5% overall. Still, Kagia said, “Any kind of conclusion is entirely premature. We still have a huge number of licenses to issue.” He said the cannabis agency has instituted a better and more accountable licensing process, such as making a staffer ” a point of contact” responsible for handling an applicant or licensee. More staff is being added to reduce the backlog of applications, too, Kagia said. An analysis by LeafLink, an online platform where pot retailers buy their cannabis from wholesalers, said New York has turned the corner and is now an emerging market primed for growth. “It’s clear New York is moving past some of its initial challenges and is on the path to meeting the lofty expectations that surround this market,” said LeafLink Vice President for Policy Rodney Holcombe. “Similar to other new markets, more work needs to be done to make sure businesses have the environment and proper tools at their disposal to run their businesses efficiently.” New York can only go up. A recent study said it could support 1,000 new pot stores . The LeafLink report shows New York is a cellar-dweller compared to other states that have legalized cannabis. Oklahoma, for example, has 1,900 licensed pot shops. New York currently has 245. There’s also data on pot sales per resident: Alaska is tops with $350 per resident, and Michigan has sales of more than $300 per person. New York sales are under under $50 per resident, about half of even neighboring New Jersey — even though both states legalized pot around the same time. One Downtown Manhattan pot retailer said high times are ahead. “New York’s cannabis market is certainly beginning to take off, especially here in New York City where the appetite for regulated, high-quality products is growing in tandem with efforts to curb the illicit market,” said Vanessa Yee-Chan, owner and founder of Atta Dispensary at 52 Kenmare St., the first weed retailer to open in Chinatown. “Since our grand opening nearly two months ago, our customer base has consistently grown, and we’ve had to increase the frequency in which we place purchase orders for certain products to ensure we are keeping things in stock.”
Swiss National Bank trimmed its position in shares of Meritage Homes Co. ( NYSE:MTH – Free Report ) by 0.4% during the third quarter, HoldingsChannel.com reports. The firm owned 70,900 shares of the construction company’s stock after selling 300 shares during the period. Swiss National Bank’s holdings in Meritage Homes were worth $14,539,000 at the end of the most recent quarter. A number of other hedge funds have also recently made changes to their positions in MTH. Wedge Capital Management L L P NC boosted its stake in shares of Meritage Homes by 734.4% during the third quarter. Wedge Capital Management L L P NC now owns 272,122 shares of the construction company’s stock valued at $55,804,000 after purchasing an additional 239,511 shares in the last quarter. Swedbank AB bought a new position in shares of Meritage Homes during the first quarter worth about $25,495,000. Mizuho Markets Americas LLC bought a new position in shares of Meritage Homes during the second quarter worth about $22,887,000. Boston Partners bought a new position in shares of Meritage Homes during the first quarter worth about $23,106,000. Finally, Blackstone Inc. raised its position in shares of Meritage Homes by 216.7% during the first quarter. Blackstone Inc. now owns 190,000 shares of the construction company’s stock worth $33,337,000 after acquiring an additional 130,000 shares during the last quarter. 98.44% of the stock is owned by institutional investors and hedge funds. Meritage Homes Trading Up 3.8 % Shares of MTH stock opened at $184.44 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.75 and a current ratio of 1.75. Meritage Homes Co. has a fifty-two week low of $137.70 and a fifty-two week high of $213.98. The stock has a 50 day simple moving average of $192.28 and a two-hundred day simple moving average of $184.26. The company has a market cap of $6.67 billion, a P/E ratio of 8.35 and a beta of 1.82. Meritage Homes Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $3.00 dividend on an annualized basis and a yield of 1.63%. Meritage Homes’s dividend payout ratio (DPR) is presently 13.58%. Wall Street Analysts Forecast Growth MTH has been the subject of a number of analyst reports. The Goldman Sachs Group upgraded Meritage Homes from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $205.00 to $235.00 in a research report on Thursday, October 31st. Wolfe Research upgraded Meritage Homes from a “peer perform” rating to an “outperform” rating and set a $230.00 price objective for the company in a research report on Wednesday, August 14th. Wedbush upgraded Meritage Homes from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $160.00 to $195.00 in a research report on Tuesday, October 15th. Keefe, Bruyette & Woods lowered their target price on Meritage Homes from $210.00 to $198.00 and set a “market perform” rating for the company in a report on Tuesday, November 5th. Finally, Raymond James downgraded Meritage Homes from an “outperform” rating to a “market perform” rating in a report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Meritage Homes currently has an average rating of “Hold” and a consensus price target of $218.17. View Our Latest Stock Analysis on Meritage Homes Meritage Homes Company Profile ( Free Report ) Meritage Homes Corporation, together with its subsidiaries, designs and builds single-family attached and detached homes in the United States. The company operates through two segments, Homebuilding and Financial Services. It acquires and develops land; and constructs, markets, and sells homes for entry-level and first move-up buyers in Arizona, California, Colorado, Utah, Texas, Florida, Georgia, North Carolina, South Carolina, and Tennessee. Further Reading Want to see what other hedge funds are holding MTH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meritage Homes Co. ( NYSE:MTH – Free Report ). Receive News & Ratings for Meritage Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meritage Homes and related companies with MarketBeat.com's FREE daily email newsletter .5 health-risk signs
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