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2025-01-21

Agnico-Eagle Mines Ltd. stock falls Tuesday, still outperforms marketIn the end, the City Council said “Yes” to Mayor Eric Adams’ plan to permit tens of thousands of new homes across the five boroughs. Councilmembers voted 31-20 on Thursday to approve changes to a thicket of zoning restrictions that limit the size of new development in every neighborhood in the city. Adams dubbed the proposal “City of Yes” — as in “Yes In My Backyard” — and said the changes will allow for the construction of more than 80,000 new homes over the next 15 years. The revisions will affect every section of the city, from suburban Staten Island to the office canyons of Midtown. The plan will allow some property owners to add an extra apartment or small home on their lots, ease the conversion of empty offices into condos and permit developers to construct bigger buildings near subway stations. The plan could put a dent in New York City’s deep housing shortage. A survey conducted last year by the city’s housing agency found just 1.4% of the city’s roughly 2.3 million apartments were vacant and available to rent. For apartments priced under $2,400, the vacancy rate was less than 1%. Council Speaker Adrienne Adams said allowing more housing will help the city address a major shortage that contributes to historically high rents and sale prices, fuels record homelessness and drives many New Yorkers out of the city altogether. “We recognize the severity of the decades-in-the-making housing crisis, the impact it is having on working- and middle-class New Yorkers, and the urgency that is required of us,” Speaker Adams said Thursday. “This is a major step forward.” At the end of 2022, Mayor Adams announced a “ moonshot ” goal of creating 500,000 new homes over the next decade. His original “City of Yes” plan aimed to build up to 109,000 new homes over 15 years, and though the modified zoning plan came in with a smaller estimate of homes to be built, he hailed it as a signature policy achievement to move the city toward his more ambitious goal. “City of Yes will forever change the course of our city’s history,” he said in a statement following the vote. Nearly every New York lawmaker agrees the city is facing a housing crisis, but the final fate of the mayor’s rezoning plan appeared uncertain in the weeks leading up to the vote. Councilmembers representing lower-density sections of the city, like northeastern Queens and south Brooklyn, bristled at proposed changes that would allow slightly larger buildings near those neighborhoods' homes. Members in districts without access to the subway system decried a proposal to eliminate minimum parking requirements in new developments. And several members, including Speaker Adams, pointed out that merely changing zoning rules doesn’t automatically mean that most low- and middle-income New Yorkers will be able to afford the homes that get built. Last month, the Council negotiated with the administration to address those concerns. The final package approved on Thursday excludes several low-density areas from most new development, creates a tiered system for parking requirements and includes explicit affordability rules for larger projects near transit hubs and along commercial streets. Those changes reduced the number of potential homes that could be built, but made the package more politically feasible. Councilmembers also secured $5 billion in future city spending to build more affordable housing, improve streets and sewer systems, offer down payment assistance to first-time homebuyers and staff city housing agencies. Gov. Kathy Hochul pledged to chip in $1 billion of that total. “Our only shot at solving New York’s affordability crisis is by building more housing,” Hochul said in a statement following the vote. Other cities and states have revised their zoning codes in recent years to allow for more new development as a housing crisis racks much of the country. California has enacted laws allowing property owners to add an extra unit on their lots. Minneapolis, Minnesota; Austin, Texas and Columbus, Ohio have all eased restrictions on new development in an effort to bring more housing to market. The plan the City Council approved on Thursday could generate momentum for new state-level housing policies ahead of Albany’s upcoming legislative session, which starts in January. The National Low Income Housing Coalition estimates New York state needs more than 666,000 new units to meet the housing needs of roughly 1 million extremely low-income people, such as families of three earning less than around $40,000 annually. The zoning changes are an important step to “making sure every single neighborhood and every single corner of the city is responsible for being a part of the affordable housing solution,” said Barika Williams, executive director of the Association for Neighborhood and Housing Development.ssbet77 download apk latest version uptodown

GERMANTOWN, Tenn. , Dec. 10, 2024 /PRNewswire/ -- Mid-America Apartment Communities, Inc., or MAA (NYSE: MAA), today announced that its board of directors approved a quarterly dividend payment of $1.515 per share of common stock to be paid on January 31, 2025 , to shareholders of record on January 15, 2025 . The increase will raise the annualized dividend payment 3.1% to $6.06 per share of common stock and represents the 15 th consecutive year MAA has increased its dividend to shareholders. As established in prior quarters, the board of directors declared the quarterly common dividend in advance of MAA's earnings announcement that is expected to be made on February 5, 2025 . About MAA MAA is a self-administered real estate investment trust (REIT) and member of the S&P 500. MAA owns or has ownership interest in apartment communities primarily throughout the Southeast, Southwest and Mid-Atlantic regions of the U.S. focused on delivering strong, full-cycle investment performance. For further details, please refer to www.maac.com or contact Investor Relations at investor.relations@maac.com . Certain matters in this press release may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended with respect to our expectations for future periods. Such statements include statements made about the payment of common dividends. The ability to meet the payment of common dividends in or contemplated by the forward-looking statements could differ materially from the projection due to a number of factors, including a downturn in general economic conditions or the capital markets, changes in interest rates and other items that are difficult to control such as increases in real estate taxes in many of our markets, as well as the other general risks inherent in the apartment and real estate businesses. Reference is hereby made to the filings of Mid-America Apartment Communities, Inc. with the Securities and Exchange Commission, including quarterly reports on Form 10-Q, reports on Form 8-K, and its annual report on Form 10-K, particularly including the risk factors contained in the latter filing. View original content to download multimedia: https://www.prnewswire.com/news-releases/maa-announces-increase-to-quarterly-common-dividend-302328178.html SOURCE MAAFriendswood ISD trustees approve 2024-27 technology strategic plan2 ASX dividend shares with big yields I'd buy today

was booed by furious fans as the manager confronted the away end in the . Tottenham were outplayed at the Vitality Stadium fell to 10th in the table - with the 4-0 victory at Manchester City their only win in the last six games in all competitions. Postecoglou went to applaud the away end at full-time but was then involved in an exchange with Spurs supporters. The Australian nodded his head and pointed to his chest, appearing to say “me?” before raising his thumb. Postecoglou said he received some “pretty direct feedback”, which he said could not repeat, but added that he did not like what he heard. When asked about what happened at full-time, the manager said: “They are disappointed, rightly so. They gave me some direct feedback which I guess is taken on board.” Asked what was said, Postecoglou added: “Probably not for here, mate. He continued: “I’ve got no issue with it. I didn’t like what was being said because I’m a human being. But you’ve got to cop it. I’ve been around long enough to know that if things don’t go well, you’ve got to understand the frustration and disappointment. They’re right to be disappointed tonight because again we’ve let a game of football get away from us. That’s ok, I’m ok with all of that.” Tottenham go to high-flying Chelsea on Sunday and also play Manchester United in the quarter-finals of the Carabao Cup and host Premier League leaders Liverpool before Christmas. Spurs have been hampered by injuries, particularly in defence, with Postecoglou also losing Ben Davies to a hamstring injury during the defeat at Bournemouth. Spurs conceded another goal from a set-piece as Dean Huijsen was left unmarked at the back post to score the only goal of the game. Bournemouth had enough chances to increase their lead as Postecoglou criticised his team for continuing to “make things difficult for ourselves” and “shoot ourselves in the foot”. "It is not good enough,” Postecoglou said. “We again fell into the trap of starting the game really well, we were in control and then we conceded a really poor goal. "Then we kind of lost our way a little bit and allowed Bournemouth to play the game that they wanted to. We had our moments in the second half but we could not get a goal. "I don’t know if they had more urgency but we have this sort of propensity to shoot ourselves in the foot when we should be controlling games. They are hard to beat here and what you should not do is give them a goal that gives them the momentum they need. "We started to play with a bit more conviction at the beginning of the second half and made some good chances. Again we made things difficult for ourselves by allowing the opposition to take the game in the direction that they want. "They are all big games coming up. We have to get ourselves out of the space we are in at the minute where we can’t get a real grip on the season." On Davies’ injury, which could leave Tottenham with one fit centre-back for the trip to Chelsea, Postecoglou said: “It looks like he's done his hamstring. Him and Radu [Dragusin] have played every game. It's the one position we can't rotate. He'll obviously be out for a period of time now, we'll just have to wait and see how long it is. It's a consequence of having the squad we have at the moment.” Postecoglou finished with a message to the Spurs fans and said: “All I can say is I’m really disappointed with tonight and I’m determined to get it right and I’ll keep fighting until we do.”

Stock market today: Wall Street rises at the start of a holiday-shortened weekScottie Scheffler named PGA Tour player of the year

NEW YORK (AP) — U.S. stock indexes drifted lower Tuesday in the runup to the highlight of the week for the market, the latest update on inflation that’s coming on Wednesday. The S&P 500 dipped 0.3%, a day after pulling back from its latest all-time high . They’re the first back-to-back losses for the index in nearly a month, as momentum slows following a big rally that has it on track for one of its best years of the millennium . The Dow Jones Industrial Average fell 154 points, or 0.3%, and the Nasdaq composite slipped 0.3%. Tech titan Oracle dragged on the market and sank 6.7% after reporting growth for the latest quarter that fell just short of analysts’ expectations. It was one of the heaviest weights on the S&P 500, even though CEO Safra Catz said the company saw record demand related to artificial-intelligence technology for its cloud infrastructure business, which trains generative AI models. AI has been a big source of growth that’s helped many companies’ stock prices skyrocket. Oracle’s stock had already leaped more than 80% for the year coming into Tuesday, which raised the bar of expectations for its profit report. In the bond market, Treasury yields ticked higher ahead of Wednesday’s report on the inflation that U.S. consumers are feeling. Economists expect it to show similar increases as the month before. Wednesday’s update and a report on Thursday about inflation at the wholesale level will be the final big pieces of data the Federal Reserve will get before its meeting next week, where many investors expect the year’s third cut to interest rates . The Fed has been easing its main interest rate from a two-decade high since September to take pressure off the slowing jobs market, after bringing inflation nearly down to its 2% target. Lower rates would help give support to the economy, but they could also provide more fuel for inflation. Expectations for a series of cuts through next year have been a big reason the S&P 500 has set so many records this year. Trading in the options market suggests traders aren’t expecting a very big move for U.S. stocks following Wednesday’s report, according to strategists at Barclays. But a reading far off expectations in either direction could quickly change that. The yield on the 10-year Treasury rose to 4.22% from 4.20% late Monday. Even though the Fed has been cutting its main interest rate, mortgage rates have been more stubborn to stay high and have been volatile since the autumn. That has hampered the housing industry, and homebuilder Toll Brothers’ stock fell 6.9% even though it delivered profit and revenue for the latest quarter that topped analysts’ expectations. CEO Douglas Yearley Jr. said the luxury builder has been seeing strong demand since the start of its fiscal year six weeks ago, an encouraging signal as it approaches the beginning of the spring selling season in mid-January. Elsewhere on Wall Street, Alaska Air Group soared 13.2% after raising its forecast for profit in the current quarter. The airline said demand for flying around the holidays has been stronger than expected. It also approved a plan to buy back up to $1 billion of its stock, along with new service from Seattle to Tokyo and Seoul . Boeing climbed 4.5% after saying it’s resuming production of its bestselling plane , the 737 Max, for the first time since 33,000 workers began a seven-week strike that ended in early November. Vail Resorts rose 2.5% after the ski resort operator reported a smaller first-quarter loss than analysts expected in what is traditionally its worst quarter. All told, the S&P 500 fell 17.94 points to 6,034.91. The Dow dipped 154.10 to 44,247.83, and the Nasdaq composite slipped 49.45 to 19,687.24. In stock markets abroad, indexes were mixed in China after the world’s second-largest economy said its exports rose by less than expected in November. Stocks rose 0.6% in Shanghai but fell 0.5% in Hong Kong. Indexes fell across much of Europe ahead of a meeting this week by the European Central Bank, where the widespread expectation is for another cut in interest rates. AP Business Writers Matt Ott and Elaine Kurtenbach contributed.

Palantir and Shield AI forge strategic partnership for AI-driven autonomous flight

Avidity Biosciences Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)Arogo Capital Acquisition Corp. Announces Binding Letter of Intent with Bangkok Tellink Co., Ltd, a Provider of Innovative Telecommunications and IoT Solutions, in Connection with a Proposed Business Combination Transaction

Not Purdy: 49ers hit Green Bay with backup QB, no Bosa

MULTIBILLION-PESO PROJECT President Marcos led on Thursday the groundbreaking ceremonies for Meralco’s MTerra Solar Project in Nueva Ecija, touted as the world’s largest integrated solar and battery storage facility. —PCO PHOTO Power distributor Manila Electric Co. (Meralco) on Thursday kicked off the world’s largest integrated solar and battery storage facility in Nueva Ecija and Bulacan that is expected to deliver clean energy to some 2.4 million households by 2027. Dubbed the MTerra Solar Project, it costs around P200 billion and spans 3,500 hectares in the Nueva Ecija towns of Gapan, General Tinio, Peñaranda, and San Leonardo as well as San Miguel in Bulacan. Expected to be operational by February 2027, it will be equipped with five million solar panels with a capacity of 3,500-megawatt (MW) peak for the Luzon grid, a 4,500-MW hour battery energy storage system, and 13 kilometers of 500 kilovolt (kV) transmission lines. READ: Going solar: The limitless power of the sun The MTerra Solar Project will be initially connected to the existing 500-kV Nagsaag-San Jose Transmission Line and later linked to the upcoming 500-kV Nagsaag-Marilao Transmission Line. “By leveraging our abundant solar resources, the MTerra Solar Project will help stabilize our power supply, reduce energy costs, and contribute significantly to our target of 35-percent renewable energy share in the power generation mix by the year 2030,” said President Marcos who attended the groundbreaking ceremony at Peñaranda. “The strong typhoons that we have been experiencing should further strengthen our resolve to find and facilitate solutions that will save our planet and the future of mankind,” he added. Meralco is spearheading the project with its subsidiaries Terra Solar Philippines Inc. and Meralco PowerGen Corp., along with the SP New Energy Corp. (SPNEC) and UK-based Actis. SPNEC, founded by Leandro Leviste, forged a strategic partnership with Actis to infuse $600 million (approximately P34 billion) into the endeavor. “Numbers alone fail to articulate the full significance of this project, we are making a statement today that the Philippines is not only keeping pace with the global energy transition but more so express our intention, the Philippines’ intention to lead the migration from thermal to renewables,” Meralco chair Manuel V. Pangilinan said. The facility is expected to avoid carbon emissions by an estimated 4.3 million tons annually, equivalent to removing more than three million gasoline-powered vehicles from the roads annually. China Energy Engineering Corp. (Energy China) clinched the engineering, procurement and construction contract. READ: World’s biggest solar farm to get budget boost According to the Department of Energy, the solar project is expected to generate over five billion kilowatt-hours of electricity, which will boost power supply in Luzon and address the growing demand for nonconventional sources of energy while reducing reliance on fossil fuels. Subscribe to our daily newsletter By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . “This major investment in solar and energy storage technology is a crucial step toward achieving our goal of increasing the share of renewables in the energy mix, reducing our carbon footprint, and addressing electricity demand in Luzon,” Energy Secretary Raphael Lotilla said in a statement.

The Peach Bowl-bound Arizona State Sun Devils have fans around the country hungry for tickets to the New Year's Day game in Georgia. Arizona State is heading to the Peach Bowl on Jan. 1 after winning the Big 12 Championship on Dec. 7. The former President of the Arizona State Alumni Association says his phone is blowing up with ticket requests. The President of the ASU Alumni Association chapter in Georgia is excited to host the event. TEMPE, Ariz. - Arizona State earned the title of Big 12 Champions after defeating the Iowa State Cyclones on Saturday. ASU's next stop? The Peach Bowl in Atlanta where they'll faceoff against either Clemson or Texas. "This year was unbelievable. It really was. It exceeded expectations," said Seth Deitchman a former President of the ASU Alumni Association. Aimee Rene, president of the ASU Alumni Association in Georgia, shared the same sentiment. "Coach Kenny, we're so proud of you and the guys. It's going to be an awesome game. We can't wait," she said. "To be in the Big 12 championship was unbelievable. And then to win it and we were there," said Deitchman. "My son and I were there for the game and it was so great." Rene was also at the Big 12 Championship game in Arlington. "We had gone to Arlington last week and then came back and we got the news the next day that they're going to be right in my backyard. I mean, I cried so many times during like the last few games because I just can't believe it. It's like, so exciting," said Rene. Featured Newcomer Arizona State beats Iowa State in Big 12 title game to earn spot in College Football Playoff The Arizona State Sun Devils beat the Iowa State Cyclones to win the Big 12 Championship in their first year in the conference. They are heading to the first ever College Football Playoff. The Georgia ASU alumni chapter is beyond thrilled to host. "I've already had a ton of people reaching out to us, asking us if they can be involved or if they can, you know, help with the tailgates or, you know, organizations that are inviting us to come out to events. So, there's definitely going to be a lot of a lot of excitement. But also, we are ready to do whatever we need to do to make it a really successful time," said Rene. Flights to Atlanta from Phoenix have already skyrocketed and you can bet tickets for the game will be the same, which is why the former Deitchman says his phone is blowing up. The Peach Bowl is scheduled for New Year's Day at 11:00 a.m. Information for this story was gathered by FOX 10 reporter Lindsey Ragas.

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The New York Yankees have agreed to sign left-handed pitcher Max Fried to an eight-year, $218 million dollar contract -- the largest ever for a left-handed hurler, MLB.com reported Tuesday. The reported deal would be the fourth-largest for any pitcher, a list led by the Los Angeles Dodgers' 10-year, $700 million contract with Japanese superstar Shohei Ohtani. Fried would join right-hander Gerrit Cole in a formidable Yankees rotation. He had an 11-10 record with the Atlanta Braves last season with a 3.25 earned run average in 29 starts. Fried gave up 146 hits and 57 walks with 166 strikeouts for the Braves and tied the Major League Baseball lead with two complete games. The Yankees' reported signing of Fried comes after the club missed out on Dominican superstar Juan Soto, who entered free agency after playing for the Yankees last year but is reportedly headed to the New York Mets on a record-breaking 15-year, $765 million deal. bb/js © Agence France-PresseCONWAY, Ark. (AP) — Elias Cato scored 23 points as Central Arkansas beat UNC Asheville 92-83 in double overtime on Sunday. Jordan Morris made two free throws with one second left for UNC Asheville (2-3) to force overtime tied at 71. Fletcher Abee's 3-pointer with 33 seconds left in the first overtime tied the game at 79 and led to the second extra period. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.MAA Announces Increase to Quarterly Common Dividend

Stock market today: Wall Street rises at the start of a holiday-shortened weekNetherlands envoy to SI meets PM

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