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KBC Group NV boosted its position in Sonos, Inc. ( NASDAQ:SONO – Free Report ) by 52.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,852 shares of the company’s stock after acquiring an additional 1,670 shares during the quarter. KBC Group NV’s holdings in Sonos were worth $60,000 as of its most recent filing with the Securities and Exchange Commission. A number of other institutional investors have also modified their holdings of SONO. Vanguard Group Inc. boosted its stake in shares of Sonos by 1.2% in the first quarter. Vanguard Group Inc. now owns 14,251,179 shares of the company’s stock valued at $271,627,000 after purchasing an additional 163,736 shares during the period. Pacer Advisors Inc. increased its position in Sonos by 24.8% in the second quarter. Pacer Advisors Inc. now owns 3,519,368 shares of the company’s stock worth $51,946,000 after buying an additional 699,975 shares during the period. Jacobs Levy Equity Management Inc. lifted its position in Sonos by 10.2% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 2,890,787 shares of the company’s stock valued at $55,098,000 after purchasing an additional 266,748 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Sonos by 8.6% during the second quarter. American Century Companies Inc. now owns 2,689,118 shares of the company’s stock worth $39,691,000 after buying an additional 212,610 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Sonos by 10.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,659,127 shares of the company’s stock worth $39,248,000 after purchasing an additional 241,700 shares in the last quarter. Hedge funds and other institutional investors own 85.82% of the company’s stock. Sonos Price Performance Shares of NASDAQ SONO opened at $13.49 on Friday. The company has a market capitalization of $1.64 billion, a P/E ratio of -40.88 and a beta of 2.04. The business’s 50-day moving average price is $12.74 and its two-hundred day moving average price is $13.58. Sonos, Inc. has a one year low of $10.23 and a one year high of $19.76. Wall Street Analysts Forecast Growth Several brokerages recently commented on SONO. Morgan Stanley cut Sonos from an “overweight” rating to an “underweight” rating and dropped their target price for the stock from $25.00 to $11.00 in a report on Thursday, September 26th. Craig Hallum lowered Sonos from a “buy” rating to a “hold” rating and reduced their target price for the company from $25.00 to $10.00 in a report on Thursday, August 8th. Get Our Latest Report on Sonos Sonos Company Profile ( Free Report ) Sonos, Inc, together with its subsidiaries, designs, develops, manufactures, and sells audio products and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers wireless, portable, and home theater speakers; components; and accessories. The company offers its products through approximately 10,000 third-party retail stores, including custom installers of home audio systems; and e-commerce retailers, as well as through its website. See Also Five stocks we like better than Sonos How to Most Effectively Use the MarketBeat Earnings Screener Vertiv’s Cool Tech Makes Its Stock Red-Hot How to Use High Beta Stocks to Maximize Your Investing Profits MarketBeat Week in Review – 11/18 – 11/22 Investing in Travel Stocks Benefits 2 Finance Stocks With Competitive Advantages You Can’t Ignore Receive News & Ratings for Sonos Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sonos and related companies with MarketBeat.com's FREE daily email newsletter .NEW YORK (AP) — Ayden Pereira rushed for 136 yards on 17 carries and threw for a touchdown and Merrimack's defense smothered Fordham 19-3 in a season finale. Jay Thompson had three solo sacks and was credited with four of Merrimack’s 11 sacks. The Rams (2-10) finished with just four first downs and were held to minus-29 yards rushing and 31 total yards offense. The Warriors (5-6) also made two interceptions. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.
AP News Summary at 6:13 p.m. ESTMAX Power Arranges Targeted Strategic Private Placement To Raise Up To $1 Million
Fourteen North Korean nationals have been indicted in a scheme using information technology workers with false identities to contract with U.S. companies — workers who then funneled their wages to North Korea for development of ballistic missiles and other weapons, the head of the FBI office in St. Louis said Thursday. The scheme involving thousands of IT workers generated more than $88 million for the North Korean government, Ashley T. Johnson, special agent in charge of the St. Louis FBI office, said at a news conference. In addition to their wages, the workers stole sensitive information from companies or threatened to leak information in exchange for extortion payments, Johnson said. Victims included defrauded companies and people whose identities were stolen from across the U.S., including Missouri , Johnson said. The indictments were filed Wednesday in U.S. District Court in St. Louis. All 14 people face wire fraud, money laundering, identity theft and other charges. Most of those accused are believed to be in North Korea. Johnson acknowledged that bringing them to justice will be difficult. To help, the U.S. Department of State is offering a $5 million reward for information leading to any of the suspects. Federal authorities said the scheme worked like this: North Korea dispatched thousands of IT workers to get hired and work remotely or as freelancers for U.S. companies. The IT workers involved in the scheme sometimes used stolen identities. In other instances, they paid Americans to use their home Wi-Fi connections, or to pose in on-camera job interviews as the IT workers. Johnson said the FBI is going after those “domestic enablers,” too. “This is just the tip of the iceberg,” Johnson said. “If your company has hired fully remote IT workers, more likely than not, you have hired or at least interviewed a North Korean national working on behalf of the North Korean government,” Johnson said. The Justice Department in recent years has sought to expose and disrupt a broad variety of criminal schemes aimed at bolstering the North Korean regime, including its nuclear weapons program. In 2021, the Justice Department charged three North Korean computer programmers and members of the government’s military intelligence agency in a broad range of global hacks that officials say were carried out at the behest of the regime. Law enforcement officials said at the time that the prosecution highlighted the profit-driven motive behind North Korea’s criminal hacking, a contrast from other adversarial nations like Russia, China and Iran that are generally more interested in espionage, intellectual property theft or even disrupting democracy. In May 2022, the State Department, Department of the Treasury, and the FBI issued an advisory warning of attempts by North Koreans “to obtain employment while posing as non-North Korean nationals.” The advisory noted that in recent years, the regime of Kim Jong Un “has placed increased focus on education and training” in IT-related subjects. In October 2023, the FBI in St. Louis announced the seizure of $1.5 million and 17 domain names as part of the investigation. The indictments announced Tuesday were the first stemming from the investigation. Johnson urged companies to thoroughly vet IT workers hired to work remotely. “One of the ways to help minimize your risk is to insist current and future IT workers appear on camera as often as possible if they are fully remote,” she said. Officials didn’t name the companies that unknowingly hired North Korean workers.CBC resurrects plans for live New Year's Eve broadcast specials
Prime Minister Anthony Albanese has formalised Papua New Guinea's first National Rugby League (NRL) team after committing $600 million of taxpayer money towards the venture. Mr Albanese announced the partnership in Sydney on Thursday alongside PNG Prime Minister James Marape. The Australian government will support the Pacific team to join the NRL competition no later than 2028. “Rugby league is the national sport of Papua New Guinea and PNG deserves a national team,” Mr Albanese said. “The new team will belong to the people of Papua New Guinea, it will call Port Moresby home. I know it will have millions, literally, of proud fans barracking for it from day one.” The Australian Prime Minister then handed over to Mr Marape. “Thank you, my brother. The Right Honourable Anthony Albanese,” the PNG Prime Minister said. “We want to preserve our Pacific as safe and peaceful and good for all of us to live in, especially our children. “Today, the investments of time and money put into this – and for rugby league to embrace a team from Papua New Guinea – is monumental.” The investment has been hailed as a strengthening of ties between Pacific neighbours as China has sought to exert its influence in the region. The move comes as part of Australia’s ongoing strategy to foster closer ties with PNG amid rising geopolitical tensions across the region. Mr Albanese emphasised the sporting investment was not just about “80 minutes of play on the field” but also “security relationships”. Mr Albanese previously pledged $600 million over 10 years as part of a broader effort to help PNG establish itself as a competitive team within the NRL. The investment included funding for infrastructure, player development and facilities in Port Moresby. The announcement follows several major spending promises from Labor ahead of the upcoming federal election. Labor has also promised $1 billion to fund new childcare centres in regional Australia, $427 million for subsidised childcare and $16 billion to reduce student debt .The American Athletic Conference is the only Football Bowl Subdivision league whose championship game matchup is set: Army vs. Tulane. The final week of the regular season will determine pairings for the other eight conferences. Here's a look at the possible matchups in the Power Four and Group of Five. All championship games are Dec. 7 except in the AAC, Conference USA and Mountain West, which will be played Dec. 6. SMU vs. Miami or Clemson. Miami is in if it beats Syracuse. Clemson is in if Miami loses. Oregon vs. Ohio State, Penn State or Indiana. Ohio State is in if it beats Michigan or if Penn State and Indiana lose this week. Penn State is in if it beats Maryland and Ohio State loses. Indiana is in if it beats Purdue and Ohio State and Penn State lose. Arizona State vs. Iowa State if both win this week. Multiple scenarios including BYU, Colorado and other teams exist otherwise. Georgia vs. winner of Texas-Texas A&M game. Army vs. Tulane. Jacksonville State vs. Liberty, Western Kentucky or Sam Houston. Liberty is in with a win over Sam Houston. WKU is in with a win over Jacksonville State and a Liberty loss. Sam Houston is in with a win over Liberty and a Jacksonville State win. Miami, Bowling Green and Ohio are tied for first place and control their destinies. Miami-Bowling Green winner is in, as is Ohio if it beats Ball State. Other scenarios exist that include those teams and Buffalo. Boise State vs. UNLV or Colorado State. If UNLV and CSU both win or lose their final regular-season games, the tie would be broken by either College Football Playoff rankings or results-based computer metrics. Louisiana-Lafayette at Marshall if both win their games this week. Other scenarios exist if one or both lose. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football
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BEAVER CREEK, Colo. (AP) — As the situation stands, snowboarder/ski racer Ester Ledecka has two Olympic races on the same day in 2026, at nearly the same time and in Italian mountain towns hours apart. The Czech Republic standout simply can’t make both starting gates. So she may have a big decision to make on Feb. 8, 2026 — race in the women's downhill at the Milan-Cortina Games or go for a three-peat in snowboarding’s parallel giant slalom. Unless, of course, her lobbying efforts pay off. Ledecka said she's going through her country's Olympic committee to reach out and see if one of the events can be switched. The Winter Games schedule was just recently released. “It’s like someone has broken your dream,” the 29-year-old Ledecka said after a training run in Beaver Creek as she prepares for a World Cup downhill and super-G this weekend. “So please change it. Please, please, please. It’s my biggest dream to do both. I can create a great show for people.” Ledecka is the rare athlete to do both winter sports at such a gold medal-winning level. Nearly seven years ago, Ledecka was a surprise winner in the super-G at the Pyeongchang Games — from bib No. 26, no less. A week later, she captured gold in the parallel GS (PGS). At the 2022 Beijing Winter Games, she defended her PGS crown along with finishing fifth in the super-G, 27th in the downhill and fourth in the Alpine combined. To amend an Olympic schedule would not be unprecedented. Before the 2016 Rio de Janeiro Games, the International Olympic Committee and the governing body for track and field accommodated a request from Allyson Felix to go for a 200-400 double. She earned a silver in the 400. In 1996, the schedule was shifted so American sprinter Michael Johnson could run in the 200 and 400 at the Atlanta Games. He won gold in both. “I would appreciate it,” said Ledecka, who started skiing at 2 years old and snowboarding three years later. “They’re fighting (for it) right now.” The current schedule has snowboarding parallel giant slalom holding a qualifying round from 9 a.m. to 11 on Feb. 8 in Livigno, Italy. The final is set for 1 p.m. Meanwhile, the women's downhill is set to take place in Cortina at 11:30 a.m. It's about a 4-hour drive between the two events. For now, she's leaning toward snowboarding. Only because a few days later she could ski race in a super-G. “I was quite sad about that fact,” Ledecka said of the conflict between events. "We'll see. It’s still quite far away.” Ledecka has 88 World Cup starts in skiing, with 10 podium finishes and four wins. She has 63 World Cup starts in snowboarding, featuring 39 podium finishes and 25 wins. “I don’t know how she does it,” said American ski racer Jacqueline Wiles, who dabbled in snowboarding as a kid. “It’s absolutely insane.” Ledecka enjoys both sports for different reasons. In skiing, it's for the speed. For snowboarding, it's the execution of a turn. It's not always easy splitting her time between the two sports, fitting in training around events. She won a PGS race on Nov. 30 in China before arriving in Beaver Creek. After this, it's off to St. Moritz, Switzerland, for more ski racing. She's currently traveling with eight snowboards and 20 pairs of skis. “You cannot believe how stacked the ski room is right now,” Ledecka cracked. “I really admire my tech guy and how he's handling it all. I’m very happy to have my team help me do this, my dream, of going from the snowboard World Cup to the ski World Cup. I'm having a lot of fun.” Notes: Lara Gut-Behrami of Switzerland had the fastest time in the second training run Thursday. Italians racers Sofia Goggia and Federica Brignone were both within a second. ... Lindsey Vonn is not expected to forerun before the third and final training session Friday. The 40-year-old Vonn still plans on testing out the course before this weekend's races on the Birds of Prey course. AP skiing: https://apnews.com/hub/alpine-skiing
CBC resurrects plans for live New Year's Eve broadcast specials TORONTO — CBC is restoring its annual live New Year's Eve celebration. A year after the national broadcaster cancelled the 2024 special due to "financial pressures," it says the countdown is back on the TV schedule to mark the dawn of 2025. David Friend, The Canadian Press Dec 12, 2024 11:22 AM Dec 12, 2024 11:35 AM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message Programmers at CBC say the national broadcaster will restore its annual live New Year's Eve celebrations headed into 2025 after "financial pressures" pushed it off the schedule last year. People watch fireworks during the New Year's Eve celebrations held at Nathan Phillip square in Toronto just after midnight, Tuesday, Jan. 1, 2019. THE CANADIAN PRESS/Tijana Martin TORONTO — CBC is restoring its annual live New Year's Eve celebration. A year after the national broadcaster cancelled the 2024 special due to "financial pressures," it says the countdown is back on the TV schedule to mark the dawn of 2025. Programming begins Dec. 31 with the one-hour "22 Minutes New Year's Eve Pregame Special," a satirical reflection on the year passed with the cast of the political comedy series "This Hour Has 22 Minutes." It will be followed by "Canada Live! Countdown 2025," a special hosted by news anchor Adrienne Arsenault and singer Jann Arden broadcasting live from Toronto's Harbourfront Centre, and anchor Ian Hanomansing and comedian Ali Hassan at Vancouver's VanDusen Botanical Garden. The coast-to-coast show will feature CBC reporters across the country as they count down to the new year in each of the six time zones. Last year, the CBC replaced its live New Year's programming with a taped Just For Laughs special hosted by comedian Mae Martin. It left Canadian viewers without a homegrown countdown on any of the major networks. This report by The Canadian Press was first published Dec. 12, 2024. David Friend, The Canadian Press See a typo/mistake? Have a story/tip? This has been shared 0 times 0 Shares Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message More The Mix Nearly half of US teens are online 'constantly,' Pew report finds Dec 12, 2024 2:03 PM Ontario mulls U.S. booze ban as Trump brushes off Ford's threat to cut electricity Dec 12, 2024 2:02 PM B.C. boosts tax incentives to support film and television production Dec 12, 2024 2:02 PM Featured FlyerGreetings CIPAWorld! I’m back with the latest scoop to lead you all into a fantastic Thanksgiving Holiday. The United States District Court for the Northern District of California has issued a significant ruling in Williams v. DDR Media, L.L.C. , No. 22-cv-03789-SI, 2024 U.S. Dist. LEXIS 211342 (N.D. Cal. Nov. 20, 2024) , granting summary judgment to defendants in a closely watched privacy case. The dispute began when Loretta Williams visited snappyrent2own.com on December 10, 2021, where her interactions were processed by TCPA Guardian, a software product developed by Jornaya to help companies comply with the Telephone Consumer Protection Act (“TCPA”). TCPA Guardian is specifically ‘designed to help companies comply with the Telephone Consumer Protection Act, which restricts how companies contact consumers using autodialing technology without prior consent.’ This critical detail helps explain why the hashing process is necessary and legitimate. In fact, this case was previously covered by the one and only Baroness located here . So, I’m excited to share this update. The case has evolved substantially since its initial filing. Williams originally filed suit against DDR Media and Jornaya, alleging violations of the California Invasion of Privacy Act (“CIPA”), Penal Code § 631(a) , Invasion of Privacy under the California Constitution, and California’s Unfair Competition Law. After several rounds of motions and amendments, Williams filed a Second Amended Complaint focusing specifically on her claim under Penal Code § 631(a) , part of CIPA. She alleged that TCPA Guardian captured her keystrokes, clicks, and other interactions, including her name, email address, and phone number, constituting wiretapping under CIPA. Williams alleged that TCPA Guardian captured her keystrokes, clicks, and personal information, including her name, email address, and phone number, constituting wiretapping under CIPA. CIPA Section 631(a) prohibits the unauthorized “reading,” “attempting to read,” or “learning” of the contents of communications while they are in transit. Here, the judicial analysis relied heavily on detailed testimony from Jornaya’s Chief Technology Officer, Manny Wald, regarding the technical functionality of TCPA Guardian. Let’s get technical for a minute for clarity. According to Wald, TCPA Guardian uses LeadiD Create, a JavaScript that generates a unique numerical reference for each website visit and collects basic data about the website itself, including consent disclosures and user interactions. This information is associated with the unique LeadiD. The hashing process creates a fixed-size output regardless of the input size, meaning the hash code from a single word would be the same length as one from an entire dictionary. As Wald explained, identical inputs always produce the same hash code, while even minor differences like ‘Main St.’ versus ‘Main Street’ create entirely different hashes. This verifies data matches without needing to read or understand the original content. Importantly, Wald explained that the collected data is immediately subjected to a one-way cryptographic hashing algorithm that transforms the input into a fixed-size alphanumeric string. This hashing process is automatic, irreversible, and occurs within milliseconds, with the original data being stored only temporarily in volatile memory before being overwritten. A crucial aspect of TCPA Guardian’s functionality is how it operates in the lead marketplace. Lead sellers operate websites offering information about products or services and collecting visitor information. When a lead buyer later purchases this information, they can use TCPA Guardian to verify that the data matches what was originally collected, particularly regarding consent to receive communications, without Jornaya ever accessing the original data. Whew, okay, now that we get the technical aspect out of the way, let’s dig into the Court’s analysis and reasoning. First, Judge Illston evaluated whether hashing constitutes “reading” or “learning” the contents of communications under CIPA. Because the statute does not define “reading,” the Court applied its ordinary meaning as outlined in DeGeorge v. U.S. Dist. Court , 219 F.3d 930, 936 (9th Cir. 2000) and the Oxford English Dictionary, which requires “understanding what is meant by the letters or signs.” The Court’s analysis was informed by Davis v. Facebook, Inc. ( In re Facebook Inc. Internet Tracking Litig. ), 956 F.3d 589, 598 (9th Cir. 2020) , which emphasized that CIPA was meant to protect historical privacy rights, and Javier v. Assur. IQ, L.L.C. , No. 21-16351, 2022 WL 1744107 (9th Cir. May 31, 2022) , which noted that Section 631 codified the common law tort of invasion of privacy. The Court found that TCPA Guardian’s hashing process involves no comprehension or interpretation of the original data and is, therefore, not “reading” under CIPA. This conclusion aligned with similar rulings, such as Gutierrez v. Converse Inc. , 2024 WL 3511648 (C.D. Cal. July 12, 2024) , where the Court granted summary judgment for a defendant when the third-party vendor’s encryption of chat messages did not involve substantive interpretation. The Court emphasized that hashing serves as a verification tool for data integrity rather than a method of accessing or understanding content. This critical distinction set TCPA Guardian apart from cases where vendors actively intercepted and analyzed user data. As a countering measure, Williams attempted to argue that the hashing process itself constitutes “reading,” likening it to translating a letter into Pig Latin. The Court dismissed this analogy, explaining that while human translation involves understanding the meaning of words, TCPA Guardian’s hashing process is purely algorithmic and lacks the capacity for comprehension . Expanding further, the Court further distinguished this case from D’Angelo v. Penny OpCo, LLC , 2023 WL 7006793 (S.D. Cal. Oct. 24, 2023) , where third-party software actively analyzed communications to create live transcripts, and Valenzuela v. Nationwide Mut. Ins. Co. , 686 F. Supp. 3d 969 (C.D. Cal. 2023) , where the vendor’s business model relied on intercepting data for mass analysis. Conversely, TCPA Guardian facilitates hashed comparisons between lead sellers and buyers without accessing or interpreting the original data. The Court also relied on California precedent emphasizing CIPA’s broad interpretation, including Ribas v. Clark , 38 Cal. 3d 355, 359 (1985) , highlighting the Legislature’s intent to safeguard privacy rights. However, it concluded that the automated hashing process lacked the human or machine effort to interpret or learn the contents of communications , distinguishing it from the conduct CIPA aims to regulate. With this in mind, the Court ultimately ruled that “Jornaya is more akin to a tape recorder vendor than an eavesdropper,” reinforcing its prior dismissal of Williams’ claims under the UCL and the California Constitution. As noted in our earlier blog, the Court found that Defendant’s use of hashed data was “benign” and posed no serious invasion of privacy. So what’s the key takeaway? Well, this is big for anyone involved in the telecommunications space and those using automated data processing tools. By clarifying that purely algorithmic processes without content interpretation fall outside CIPA’s reach, the Court has provided essential guidance for compliance in California. This is particularly significant for lead buyers, lead sellers, and the broader lead generation industry, where verifying consent and data integrity is crucial. Businesses that employ hashing technology can now operate with greater confidence, knowing that such safeguards do not constitute “reading” or “learning” under privacy laws. THIS IS HUGE. Wishing you all a Happy Thanksgiving to you and your loved ones. As always, Keep it legal, keep it smart, and stay ahead of the game. Talk soon!
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