Author: Bella Hayes

LOS ANGELES–(BUSINESS WIRE)–The Board of Directors of Source Capital, Inc. (NYSE: SOR) (the Fund), approved a special distribution: Special Distribution:MonthRate perCommon ShareRecord DatePayable DateDecember 2024$TBDDecember 30, 2024January 9, 2025The final rate is estimated to be approximately 1%-3% of net asset value and is expected to be determined on or about December 27, 2024. About Source Capital, Inc. Source Capital, Inc. is a closed-end investment company managed by First Pacific Advisors, LP. Its shares are listed on the New York Stock Exchange under the symbol SOR. The investment objective of the Fund is to seek maximum total return for shareholders from…

Tilray Inc (NASDAQ: NASDAQ:) chief executive Irwin Simon expects the recreational use of cannabis to be legalised on a federal level under Donald Trump as the President of the United States. In other words, he expects legalisation to occur over the next four years. Simon made that prediction in a recent interview with Fox Business. But even if the President-elect moves in that direction, there’s reason to believe that Tilray (TSX:) stock may continue to struggle. Let’s explore why. Why has Tilray faced challenges in Germany?The recreational use of cannabis has already been legalised in two major markets: Germany and…

NEW YORK, NY / ACCESSWIRE / December 23, 2024 / Nixxy.com is pleased to announce the successful completion of its restructuring process, a pivotal step in enhancing shareholder value and positioning the organization for future growth. The company, threatened with delisting earlier in 2024, has eliminated onerous debt, resulting in increased shareholder equity and value through strategic partnerships with fresh and supportive investor groups, and is now is good standing with Nasdaq, and remains current in its SEC reporting. This restructuring has paved the way for the introduction of a new USA-based CEO, whose operational expertise will drive the company’s…

Transaction (JO:) in Own Shares 23 December, 2024 ¢ ¢ ¢ ¢ ¢ ¢ ¢ ¢ ¢ ¢ ¢ ¢ ¢ ¢ ¢ ¢                 Shell (LON:) plc (the ˜Company’) announces that on 23 December 2024 it purchased the following number of Shares for cancellation. Aggregated information on Shares purchased according to trading venue: Date of purchaseNumber of Shares purchasedHighest price paidLowest price paid Volume weighted average price paid per shareVenueCurrency23/12/20241,200,000 £24.0950 £23.8750 £23.9890LSE23/12/2024- £0.0000 £0.0000 £0.0000Chi-X (CXE)GBP23/12/2024- £0.0000 £0.0000 £0.0000BATS (BXE)GBP23/12/2024830,000 €29.2700 €29.0600 €29.1727XAMS23/12/2024- €0.0000 €0.0000 €0.0000CBOE DXEEUR23/12/2024- €0.0000 €0.0000 €0.0000TQEXEUR These…

Navient Corporation (NASDAQ:), a leader in education loan management and business processing solutions with a market capitalization of $1.49 billion, has seen its stock price touch a 52-week low, reaching $13.71. According to InvestingPro analysis, the stock is currently trading near its Fair Value, while maintaining an attractive 4.5% dividend yield with a 14-year track record of consistent payments. This downturn reflects a significant 1-year change with the stock value declining by -28.02%. Investors are closely monitoring Navient’s performance as it navigates through the complex landscape of student loan servicing, regulatory pressures, and economic headwinds. Despite these challenges, InvestingPro data…

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $75,000 In Rentokil To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $75,000 in Rentokil between December 1, 2023 and September 10, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] New York, New York–(Newsfile Corp. – December 23, 2024) – Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Rentokil Initial…

DAMASCUS (Reuters) -Qatar is ready to invest in Syria’s energy sector and ports, the de facto Syrian leader Ahmed al-Sharaa said after meeting a senior Qatari official in Damascus on Monday, as his new Islamist-led administration widened contacts with Arab states. Sharaa also received Jordanian Foreign Minister Ayman al-Safadi, the first Arab foreign minister to visit Damascus since the Hayat Tahrir al-Sham (HTS) toppled Bashar al-Assad two weeks ago. Safadi said Jordan was ready to help Syria rebuild. The meetings further widen the diplomatic contacts of the new administration established after Sharaa’s HTS, a former Al Qaeda affiliate, led a…

Baystreet.ca – Futures tracking Canada’s main stock index were flat on Monday, as investors avoided placing big bets ahead of key domestic economic data due later in the day. The gained 185.54 points to close Friday to 24,549.48. On the week, the index gave back 724 points, or 2.87%. The inched up 0.06 cents to 69.49 cents U.S. Futures advanced 0.01% Monday. In corporate news, Unifor said on Sunday its members at Canadian National Railway (TSX:) have ratified a new four-year collective agreement, averting a potential strike action. Economically speaking, Statistics Canada said real gross domestic product increased 0.3% in…

By Amanda Cooper and Wayne Cole LONDON/SYDNEY (Reuters) – Global shares were boosted on Monday by a U.S. inflation reading offering some hope for further policy easing next year, along with relief that Washington had averted a government shutdown. After a recent central bank decisions bonanza, this week only has the minutes of a few of those meetings, while there are no Federal Reserve speeches and U.S. data is secondary. The main market themes remain largely the same, with the underpinned by a relatively strong economy and higher bond yields, which in turn is a burden for commodities and gold.…

Investing.com — Shares of Evolution (ST:) fell by more than 10% on Monday after the UK Gambling Commission has initiated a review of the company’s UK operating licence.  This move stems from the discovery that Evolution’s games were accessible to players in the UK through operators that do not hold a UK licence.  While the UK represents a relatively small portion of Evolution’s overall revenue—around 3%—investors were spooked by the potential consequences of the review, which could range from a fine to more severe actions such as suspension or revocation of the licence. Analysts at Jefferies weighed in, noting that…