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Stock market today: Stocks climb to record highs as Fed members point to December rate cutNighdive Studios seems to have quietly announced a The Thing: Remastered release date of December 5, 2024. It’s a launch plan that will see the survival horror reimagining arriving later this week if the release date promised in a recent is accurate. The post, which was published late last week, specifically covers new Xbox game releases from December 2 through December 6, mentioning titles such as The Thaumaturge, Marvel Rivals, and early access for Indiana Jones and the Great Circle. Considering Nightdive has yet to announce a proper date and its still says launch is simply “coming soon,” The Thing: Remastered’s inclusion should raise some eyebrows. Nightdive at IGN Live in June of this year, promising to deliver a bone-chilling upgrade for the classic 2002 adaptation before 2024 came to a close. from the studio’s X/Twitter account promised that the release date is in December earlier today but did not clarify whether the December 5 date shown in the Xbox Wire post is accurate. If it is, then we shouldn’t have to wait much longer before the full experience is available for everyone to play for themselves. In addition to Xbox One and Xbox Series X | S, The Thing: Remastered is currently set to come to PC via Steam, Nintendo Switch, PlayStation 4, and PlayStation 5. Nightdive has made a name for itself as an experienced remaster studio throughout the last few years. Other titles in its catalog include remasters for the Turok trilogy, Star Wars: Dark Forces, System Shock, Shadow Man, and more. The Thing: Remastered promises a suite of additions to help bring the original experience to modern platforms. These include dynamic lighting, up to 144fps, 4K resolution, antialiasing, and other general gameplay improvements. While we wait for Nightdive to share more about its plans for The Thing: Remastered, you can read about , another one of its projects that launched earlier this year. You can also read up on , and .Threads Takes On X, Bluesky With New Search Options: 'Making It Easier For You'
Most people associate AI investing with semiconductors like Nvidia Corp . NVDA or cloud giants like Microsoft Corp. MSFT . But beneath the surface, there's a less obvious story: the immense power required to support this innovation. As U.S. power demand is projected to surge at an annual rate of 2.5%, a $7 trillion investment windfall is on the horizon fueled by the sweeping infrastructure overhaul required to sustain AI breakthroughs, digital asset mining, and next-generation mobility innovations. In an exclusive interview with Benzinga on Thursday, Maurits Pot , CEO and co-founder of Tema ETFs, introduced the newly launched Tema Electrification ETF VOLT , the world's first fund dedicated to the infrastructure powering modern technology. Why Power Demand Is Surging The U.S. power grid has been largely neglected for decades, but the electrification era is creating a surge in electricity consumption that hasn't been seen since the 1990s. Several megatrends are at play: AI is energy-hungry: AI data centers consume seven times more power than traditional facilities, according to Tema ETFs. With generative AI and machine learning applications proliferating, power requirements are expected to soar. Aging infrastructure: Approximately 70% of U.S. transmission and distribution (T&D) lines are over 25 years old—past their recommended lifespan. Without upgrades, the grid may be unable to meet demand. Supply deficits are coming: The U.S. could face a 40 gigawatt power shortfall by 2030, equivalent to 40 nuclear plants or 100 gas-fired turbines. “We think this electrification trend is massive,” Pot said, adding, “the opportunity lies on the expansion of power capacity needed to meet rising demand for AI, mobility and other things.” What Sets VOLT Apart? Pot explained that VOLT is the first ETF to span the full electrification value chain, offering exposure to companies across five categories: generation, transmission, grid equipment, electrification services, and applications. Here's a closer look at some of the key names in the portfolio: Category Portfolio Holding Investment Rationale Generation GE Vernova Inc. GEV The U.S.'s largest manufacturer of gas turbines is sold out until 2028. Transmission Nexans Supplies high-voltage cables to modernize aging T&D lines in the U.S. Grid Equipment Hubbell Inc. HUBB Builds critical electrical grid infrastructure expected to grow at 2x GDP. Electrification Services Quanta Services Inc. PWR Modernizes grid networks and connects new energy sources to the system. Applications Vertiv Holdings LLC VRT Produces data center cooling systems, with the market growing 13–15% annually. Bitcoin, Crypto And the Hidden Digital Asset Demand Story According to Pot, the growth of the digital asset industry is an underrated source of upside risks to U.S. power demand needs in the upcoming years. “ Bitcoin BTC/USD mining is very energy intensive,” Pot stated. Current VOLT Portfolio Positioning Here's a breakdown of the fund's current portfolio positioning as of Dec. 4, 2024: Regional Exposure: North America dominates the portfolio with 80.91% allocation, while Europe accounts for 16.57% of the exposure. Market Cap Breakdown: The portfolio focuses on large-cap companies, which comprise 64.80% of the holdings, followed by mid-cap companies at 24.54%. Small-cap stocks represent 8.14% of the fund. There are no mega-cap stocks, defined as those with a market capitalization of over $200 billion. Power Allocation: Power Generation accounts for 23.55%, split into conventional energy at 12.85% and renewables at 10.70%. Grid Management is the largest allocation at 44.39%, including 24.53% for “before the meter” infrastructure and 19.86% for “after the meter” services. End-Use Applications make up 29.54%, further divided into 13.15% for products and 16.39% for services. Top 10 Holdings Company % of NAV Bel Fuse, Inc. BELB 5.10% Nexans SA 5.08% GE Vernova, Inc. 5.03% Hubbell, Inc. 5.01% Quanta Services, Inc. 4.88% Powell Industries, Inc. POWL 4.15% Vertiv Holdings Co. VRT 4.09% ABB Ltd . ABB 4.05% Schneider Electric SE SU 4.04% Eaton Corp. PLC ETN 4.03% Read Next: Tesla’s Path To $400: Bank Of America Highlights EV, AI Growth Image created using artificial intelligence via Midjourney. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Louisiana Gov. Jeff Landry signs income and corporate tax cuts passed by GOP-dominated legislature
Brooklyn, NY, Nov. 21, 2024 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, today announced that its Board of Directors authorized the stockholders approved 1-for-35 reverse stock split (the “Reverse Stock Split”) of its common stock, par value $0.001 per share (the “Common Stock”). The Reverse Stock Split will become effective at 12:01 a.m. Eastern Time on November 26, 2024 (the “Effective Time”). The Common Stock will continue to trade on The Nasdaq Capital Market under the symbol “CETX” and will begin trading on a post-split basis when the market opens on November 26, 2024. The new CUSIP number for the Common Stock following the Reverse Stock Split will be 15130G881. The Reverse Stock Split is intended to enable the Company to regain compliance with the minimum closing bid price requirement for continued listing on Nasdaq. At the Effective Time of the Reverse Stock Split, every 35 shares of the Company’s issued and outstanding Common Stock will be combined into one share of Common Stock issued and outstanding, with no change to the par value of $0.001 per share. No fractional shares of Common Stock will be issued as a result of the Reverse Stock Split and instead each holder of Common Stock who would otherwise be entitled to receive a fractional share as a result of the Reverse Stock Split will receive one whole share of Common Stock in lieu of such fractional share. The principal effect of the Reverse Split will be that (i) the number of shares of common stock issued and outstanding will be reduced to one-thirty-fifth that amount, and (ii) all outstanding options and warrants (other than the Adjustable Warrants) entitling the holders thereof to purchase shares of common stock will enable such holders to purchase, upon exercise of their options or warrants, one-twentieth of the number of shares of common stock which such holders would have been able to purchase upon exercise of their options or warrants, immediately preceding the Reverse Split at an exercise price equal to 35 times the exercise price specified before the Reverse Split, resulting in essentially the same aggregate price being required to be paid therefor upon exercise thereof immediately preceding the Reverse Split. Other awards under our 2020 Equity Compensation Plan would be subject to proportionate adjustments. ClearTrust, LLC is acting as transfer and exchange agent for the Reverse Stock Split. Stockholders with shares held in certificated form will receive from ClearTrust, LLC instructions regarding the exchange of their certificates. Stockholders that hold shares in book-entry form or hold their shares in brokerage accounts are not required to take any action and will see the impact of the Reverse Stock Split reflected in their accounts, subject to brokers’ particular processes. Beneficial holders of Common Stock are encouraged to contact their bank, broker, custodian or other nominee with questions regarding procedures for processing the Reverse Stock Split. About Cemtrex Cemtrex Inc. (CETX) is a company that owns two operating subsidiaries: Vicon Industries Inc and Advanced Industrial Services Inc. Vicon Industries , a subsidiary of Cemtrex Inc., is a global leader in advanced security and surveillance technology to safeguard businesses, schools, municipalities, hospitals and cities. Since 1967, Vicon delivers mission-critical security surveillance systems, specializing in engineering complete security solutions that simplify deployment, operation and ongoing maintenance. Vicon provides security solutions for some of the largest municipalities and businesses in the U.S. and around the world, offering a wide range of cutting-edge and compliant security technologies, from AI-driven video analytics to fully integrated access control solutions. For more information visit www.vicon-security.com . AIS – Advanced Industrial Services , a subsidiary of Cemtrex, Inc., is a premier provider of industrial contracting services including millwrighting, rigging, piping, electrical, welding. AIS Installs high precision equipment in a wide variety of industrial markets including automotive, printing & graphics, industrial automation, packaging, and chemicals. AIS owns and operates a modern fleet of custom designed specialty equipment to assure safe and quick installation of your production equipment. Our talented staff participates in recurring instructional training, provided to ensure that the most current industry methods are being utilized to provide an efficient and safe working environment. For more information visit www.ais-york.com . For more information visit www.cemtrex.com . Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the closing of the offering, gross proceeds from the offering, our new product offerings, expected use of proceeds, or any proposed fundraising activities. These forward-looking statements are based on management’s current expectations and are subject to certain risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by such forward looking statements. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. These risks and uncertainties are discussed under the heading “Risk Factors” contained in our Form 10-K filed with the Securities and Exchange Commission. All information in this press release is as of the date of the release and we undertake no duty to update this information unless required by law. Investor Relations Chris Tyson Executive Vice President – MZ North America Direct: 949-491-8235 CETX@mzgroup.us www.mzgroup.us
RICHMOND, Ky. (AP) — Matt Morrissey threw a 67-yard touchdown pass to Marcus Calwise Jr. that ended the scoring midway through the fourth quarter and Eastern Kentucky beat North Alabama 21-15 on Saturday for its fifth straight win. TJ Smith drove North Alabama to the EKU 45-yard line before he threw an interception to Mike Smith Jr. to end the game.Bosa hilariously clarifies McDaniel encounter after 49ers-Dolphins
NoneKim Kardashian, 44, shows off her washboard abs as she poses in white SKIMS underwear and rosary beads
The Thing Remastered Release Date Quietly Revealed for Later This WeekMiddle East latest: WHO chief says he was at Yemen airport as Israeli bombs fell nearbySANTA CLARA, Calif. (AP) — San Francisco 49ers star running back Christian McCaffrey will not need surgery on his injured right knee but he will miss the rest of the regular season. Coach Kyle Shanahan said Monday that McCaffrey will be out at least six weeks after injuring his posterior cruciate ligament in a loss to the Buffalo Bills on Sunday night . McCaffrey will be placed on injured reserve for the second time this season after previously missing the first eight games with Achilles tendinitis. “I just feel for him,” Shanahan said. “It was a real frustrating year for him. He worked his ass off to get back to this point and I think he was really feeling good and about to take off and just had that real unfortunate injury last night. I know he’s as crushed as anyone, but he’ll get through this. He’s a hell of a player, a hell of a person and an unbelievable 49er. He’ll be back stronger than ever next year to help us.” San Francisco (5-7) sits alone in last place in the NFC West standings, two wins behind division-leading Seattle, and in jeopardy of missing the playoffs a year after losing to Kansas City in the Super Bowl. The 49ers also lost McCaffrey's backup to an injury with Jordan Mason also set to go on injured reserve after suffering a high ankle sprain in the game against the Bills. It has been a frustrating season for McCaffrey, who won the 2023 AP Offensive Player of the Year then signed a lucrative contract extension in the offseason. McCaffrey injured his Achilles tendon early in training camp and missed the first eight games of the season. He rushed for just 149 yards on 43 carries in his first three games back as he struggled to get back to form. He looked much better early Sunday night with seven carries for 53 yards, including a 19-yarder that was his longest of the season. He appeared to hurt his knee on an 18-yard run in the second quarter. He then went down immediately on his next carry on a sweep to the left on a snow-slicked field for a 5-yard loss. Mason had played well as McCaffrey's replacement, rushing for 789 yards and averaging 5.2 yards per carry this season. San Francisco will now turn to rookie Isaac Guerendo and promote Patrick Taylor from the practice squad. Shanahan said the team will also look to add another running back to the mix. In other injury news from the game, defensive lineman Kevin Givens tore his pectoral muscle and will be out for the rest of the season. Shanahan said cornerback Deommodore Lenoir should be back at practice Wednesday after missing the game with a knee injury and that stars Nick Bosa (hip, oblique) and Trent Williams (ankle) will be evaluated as the week goes on. Bosa and Williams have both missed the last two games. Williams has also been dealing with family tragedy as his wife announced on Instagram that she gave birth to stillborn Trenton O’Brien Williams Jr. on Nov. 24. Sondra Williams also wrote that she was initially pregnant with twins and lost the other child earlier in the pregnancy. Shanahan said Williams spent time with his family last week but is trying to get back to play. “He was there at the hospital with her and got to meet him and say bye,” Shanahan said. “Then he had to cremate him on Friday. So he’s been dealing with that and he’s working through it. We’re all just trying to be there for him through it all.” NOTES: OL Aaron Banks and DT Jordan Elliott remain in the concussion protocol. ... LB Demetrius Flannigan-Fowles (knee) is day to day. ... LB Dre Greenlaw will get more work this week after his practice window was opened last week for the first time since he tore his Achilles in the Super Bowl. ... S Talanoa Hufanga (wrist) will have his IR practice window opened this week. AP NFL: https://apnews.com/hub/nfl
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