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Utah Valley is on the road but looking no worse for wear. After one quarter, neither squad has the contest in the bag, but Utah Valley leads 34-32 over Western Georgia. If Utah Valley keeps playing like this, they'll bump their record up to 4-1 in no time. On the other hand, Western Georgia will have to make due with an 0-7 record unless they turn things around (and fast). Utah Valley Wolverines @ Western Georgia Wolves Current Records: Utah Valley 3-1, Western Georgia 0-6 When: Tuesday, November 26, 2024 at 4 p.m. ET Where: Pete Hanna Center -- Homewood, Alabama TV: ESPN Plus Follow: CBS Sports App Online Streaming: Catch select College Basketball matches on Fubo (Try for free. Regional restrictions may apply.) The Western Georgia Wolves will face off against the Utah Valley Wolverines at 4:00 p.m. ET on Tuesday at Pete Hanna Center. The Wolves are looking for their season's first win. Western Georgia is headed into this one after the oddsmakers set last week's over/under low at 153.5, but even that wound up being too high. They took a 64-54 hit to the loss column at the hands of Georgia Southern on Saturday. The matchup marked the Wolves' lowest-scoring contest so far this season. Meanwhile, Utah Valley skirted by Murray State 77-75 on Friday on a last-minute layup from Tanner Toolson with less than a second left in the second quarter. Carter Welling and Dominick Nelson were among the main playmakers for Utah Valley as the former almost dropped a double-double on 19 points and nine rebounds and the latter almost dropped a double-double on 15 points and nine rebounds. Western Georgia's defeat dropped their record down to 0-6. As for Utah Valley, their victory bumped their record up to 3-1. Western Georgia is hoping to beat the odds on Tuesday, as the experts think they're headed for a loss. This contest will be their seventh straight as the underdogs (so far over this stretch they are 3-2-1 against the spread). Utah Valley is a big 14.5-point favorite against Western Georgia, according to the latest college basketball odds . The oddsmakers had a good feel for the line for this one, as the game opened with the Wolverines as a 15-point favorite. The over/under is 141.5 points. See college basketball picks for every single game, including this one, from SportsLine's advanced computer model. Get picks now .
-- First Half Revenue of $85.7 million , increase 1.5% year-over-year -- -- First Half GMV of $107.3 million , down 7.0% year-over-year -- SHANGHAI , Dec. 19, 2024 /PRNewswire/ -- Jowell Global Ltd. ("Jowell" or the "Company") (NASDAQ: JWEL), one of the leading cosmetics, health and nutritional supplements, and household products e-commerce platforms in China , today announced its unaudited financial results for the six months ended June 30, 2024 . First Half 2024 Financial and Operational Highlights Total revenues were $85.7 million , an increase of 1.5% from $84.4 million in the same period of 2023. Net loss was $3.8 million , a decrease of 47.1%, as compared to the net loss of $7.1 million in the same period of 2023. Total GMV (Gross Merchandise Value) transacted in our online shopping mall was $107.3 million , a decrease of 7.0% from $115.5 million in the same period of 2023. Total VIP members [1] as of June 30, 2024 were approximately 2.7 million, an increase of 8.5% compared to approximately 2.5 million as of June 30, 2023 . Total LHH stores [2] as of June 30, 2024 were 26,795, an increase of 1.0% compared to 26,528 as of June 30, 2023 . [1] "Total VIP members" refers to the total number of members registered on Jowell's platform as of June 30, 2024 and June 30, 2023. [2] "LHH stores" refers to the brand name of "Love Home Store". Authorized retailers may operate as independent stores or store-in-shop (an integrated store), selling products they purchased through Jowell's online platform LHH Mall under their retailer accounts, which provides them with major discounts. First Half 2024 Financial Results Total Revenues Total revenues for the first half 2024 were $85.7 million , representing an increase of 1.5% from $84.4 million in the same period of 2023. Our weighted average unit price was $5.16 per unit for the first half of 2024, which represented an increase of 4.2% as compared to $4.95 per unit for the same period of 2023. Our health and nutritional supplements revenue for the first half of 2024 increased by about $11.1 million , or 182.1%, as compared to the same period of 2023. The increase in health and nutritional supplements revenue was mainly due to the increase in sales of premium brand health and nutritional supplements. We have stepped up our promotions on these items during the Chinese New Year holidays in the first half of 2024 in an attempt to offer more promotional discounts in response to the overall market downturn. First Half Ended June 30 % 2024 2023 change Revenues (in thousands, except for percentages) US$ US$ YoY* Product sales • Cosmetic products 19,768.5 29,495.5 (33.0 %) • Health and nutritional supplements 17,190.7 6,094.2 182.1 % • Household products 48,438.7 48,473.1 (0.1 %) • Others 286.4 343.4 (16.6 %) Total 85,684.3 84,406.2 1.5 % * YOY—year over year Total cost and operating expenses were $89.6 million in the first half of 2024, a decrease of 1.5% from $91.0 million in the same period of 2023. Costs of revenues were $84.8 million in the first half of 2024, an increase of 1.3% from $83.8 million in the same period of 2023, which including an increase of $11.1 million in health and nutritional supplements and partially offset by a decrease of $7.9 million in cosmetic products and $1.4 million in household products. Cost of revenues of health and nutritional supplements for the first half 2024 increased about 189.9% as compared to the same period of 2023. The increase was primarily due to a 65.7% increase in weighted average unit cost. The increase in weighted average unit costs for our health and nutritional supplements is mainly because we offered and sold more higher unit price products in the first half 2024 than the same period of 2023. The decrease in the cost of cosmetic products and household products was attributable to a decrease in the weighted average unit cost and a decrease in sales volume. The weighted average unit cost of cosmetic products decreased from $2.94 in the first half of 2023 to $2.47 in the first half of 2024, and weighted average unit cost of household products decreased from $8.18 in the first half of 2023 to $8.11 in the first half of 2024, both decreases mainly due to reduced customers discretionary spendings on premium brands and their preference to low cost, low price and necessity household products during the first half of 2024, as compared to the same period of 2023. The cosmetic products sales volume declined the most, with a decrease of 13.5% during the first half of 2024 comparing to the same period of 2023. Fulfillment expenses primarily consist of costs related to expenses paid for order preparing, packaging, outbound freight, and physical storage. Fulfillment expenses were $0.8 million in the first half of 2024, a decrease of 56.8% from the $1.9 million in the same period of 2023. Fulfillment expenses as a percentage of total revenues were 1% in the first half of 2024, down from 2.3% in the first half of 2023. The significant reduction in fulfillment costs are attributed to our cost reduction measures in logistics. Firstly, we reduced the rental area of warehouses and labor costs in the logistics process; Secondly, we switched to logistics service providers with lower cost to replace the original ones, significantly reducing express logistics costs. Marketing expenses primarily consist of targeted online advertising, and payroll and related expenses for personnel engaged in marketing and selling activities. Marketing expenses were $2.8 million in the first half of 2024, a decrease of 15.8% from the $3.3 million in the same period of 2023. The decrease was primarily due to a decrease in our marketing and promotion activities. Marketing expense as percentage of total revenues was 3.2% in the first half of 2024, down from 3.9% in the same period of 2023. General and administrative expenses mainly consist of payroll, depreciation, office supplies and upkeep. General and administration expenses were $1.2 million in the first half of 2024, a decrease of 40.1% from $2.0 million in the same period of 2023. General and administration expenses as percentage of total revenues was 1.4% in the first half of 2024, down from 2.3% in the same period of 2023. Operating Loss Operating loss was $4.0 million for the first half of 2024, compared with the operating loss of $6.6 million in the same period of 2023. The decrease in operating loss for the first half of 2024 was mainly due the decrease of marketing expenses, as well as reduction of operating expenses as discussed above. Net Loss Net loss was $3.8 million , a decrease of 47.1% compared with net loss of $7.1 million in the same period of 2023, which was mainly due the factors mentioned above. Loss per Share The Company computes earnings (loss) per share ("EPS") in accordance with ASC 260, "Earnings per Share" ("ASC 260"). Each of the Company's Preferred Share has voting rights equal to two Ordinary Shares of the Company and each Preferred Share is convertible into one Ordinary Share at any time. Except for voting rights and conversion rights, the Ordinary Shares and the Preferred Shares rank pari passu with one another and have the same rights, preferences, privileges and restrictions. For the first half ended June 30, 2024 and 2023, respectively, the Company had no potential ordinary shares outstanding that could potentially dilute EPS in the future. Cash and Cash Equivalents For the first half of 2024, the Company reported a net loss of $3.8 million , a negative operating cash flow of $41,012 and an accumulated deficit of approximately $29.8 million . The Company's principal sources of liquidity are sales revenues, proceeds from a private placement and a registered direct offering. As of June 30, 2024 , the Company had cash and restricted cash of approximately $0.8 million , held by the variable interest entity (VIE) Shanghai Juhao Information Technology Co., Ltd. ("Shanghai Juhao") with banks and financial institutions inside China as the Company conducts its operations primarily through the consolidated VIE in China ; the Company's working capital as of June 30, 2024 was $13.4 million . Due to the uncertainty of the current market environment, management believes it is necessary to enhance the collection of its outstanding accounts receivable and other receivables, and to be cautious in terms of its operational decisions and project selections. As of October 31, 2024 , approximately $1.8 million , or 62%, of its accounts receivable balance as of June 30, 2024 were collected, and approximately $9.9 million , or 93%, of its advances to supplier balance as of June 30, 2024 were utilized. In addition, the Company's Form F-3 registration was declared effective on August 31, 2022 , and the Company may also seek equity financing from outside investors if necessary. Based on the latest business plan of the Company, Shanghai Juhao has reduced its promotion efforts and marketing expenditures since the second half of 2023, which reduced the cash used in operating activities. Management believes that the above-mentioned factors, including cash on hand of approximately $0.8 million , will provide sufficient liquidity for the Company to meet its future liquidity and capital requirements for at least the next twelve months. About Jowell Global Ltd . Jowell Global Ltd. (the "Company") is one of the leading cosmetics, health and nutritional supplements and household products e-commerce platforms in China . We offer our own brand products to customers and also sell and distribute health and nutritional supplements, cosmetic products and certain household products from other companies on our platform. In addition, we allow third parties to open their own stores on our platform for a service fee based upon sale revenues generated from their online stores and we provide them with our unique and valuable information about market needs, enabling them to better manage their sales effort, as well as an effective platform to promote their brands. The Company also sells its products through authorized retail stores all across China , which operate under the brand names of " Love Home Store " or "LHH Store" and "Best Choice Store". For more information, please visit http://ir.1juhao.com/ . Exchange Rate The Company's financial information is presented in U.S. dollars ("USD"). The functional currency of the Company is the Chinese Yuan, Renminbi ("RMB"), the currency of the PRC. Any transactions which are denominated in currencies other than RMB are translated into RMB at the exchange rate quoted by the People's Bank of China prevailing at the dates of the transactions, and exchange gains and losses are included in the statements of operations as foreign currency transaction gain or loss. The consolidated financial statements of the Company have been translated into U.S. dollars in accordance with ASC 830, "Foreign Currency Matters". This press release contains translations of certain RMB amounts into U.S. dollars ("USD" or "$") at specified rates solely for the convenience of the reader. The exchange rates in effect as of June 30, 2024 and December 31, 2023 were RMB1 for $0.1403 and $0.1412 , respectively. The average exchange rates for the six months ended June 30, 2024 and 2023 were RMB1 for $0.1407 and $0.1444 , respectively. Safe Harbor Statement This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; financial condition and results of operations; product and service demand and acceptance; reputation and brand; the impact of competition and pricing; changes in technology; government regulations; fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov . The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. For investor and media inquiries, please contact: Jowell Global Ltd. Ms. Jessie Zhao Email: IR@1juhao.com Jowell Global Ltd. CONDENSED CONSOLIDATED BALANCE SHEETS June 30, December 31, 2024 2023 (Unaudited) ASSETS Current Assets: Cash $ 805,344 $ 1,250,281 Accounts receivable, net 2,344,481 2,401,056 Accounts receivable - related parties - 47,040 Advance to suppliers 10,050,688 3,506,432 Advance to suppliers - related parties 12,493,792 9,874,545 Inventories 4,508,515 8,198,402 Prepaid expenses and other current assets 1,075,591 1,384,758 Total current assets 31,278,411 26,662,514 Long-term investment 3,709,340 3,888,377 Property and equipment, net 845,579 681,942 Intangible assets, net 532,810 634,655 Right of use lease assets, net 1,506,729 2,019,300 Other non-current asset 638,723 895,775 Deferred tax assets 512,175 515,364 Total Assets $ 39,023,767 $ 35,297,927 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Short-term loan $ 210,473 $ 423,567 Accounts payable 2,791,515 3,765,230 Accounts payable - related parties 280,530 194,818 Deferred revenue 11,691,812 2,309,957 Deferred revenue - related parties 40,000 47,059 Current portion of operating lease liabilities 1,475,947 942,989 Accrued expenses and other liabilities 975,072 782,048 Due to related parties 414,585 528,472 Taxes payable 1,487 58,233 Total current liabilities 17,881,421 9,052,373 Non-current portion of operating lease liabilities - 1,032,235 Total liabilities 17,881,421 10,084,608 Commitments and contingencies Equity Common stock, $0.0016 par value, 450,000,000 shares authorized, 2,170,475 issued and outstanding at June 30, 2024 and December 31, 2023, respectively * 3,473 3,473 Preferred stock, $0.0016 par value, 50,000,000 shares authorized, 46,875 issued and outstanding at June 30, 2024 and December 31, 2023, respectively * 75 75 Additional paid-in capital 52,687,182 52,687,182 Statutory reserves 394,541 394,541 Accumulated deficit (29,768,863) (26,039,567) Accumulated other comprehensive loss (2,153,720) (1,843,970) Total Jowell GlobEverything Coming to Netflix, Disney+ & Other Major Streaming Services in December 2024FMC Corporation announces date for fourth quarter 2024 earnings release and webcast conference call
Tens of thousands of Spaniards protest housing crunch and high rents in BarcelonaNorthWestern Energy to Supply Power for Butte, Montana Data Center Atlas Power GroupNAPLES, Fla. (AP) — Angel Yin was making putts from across the green and threatening to build a big lead until Jeeno Thitikul finished eagle-birdie for a 9-under 63 to share the lead Saturday going into the final round of the CME Group Tour Championship with $4 million on the line. Yin had a 69 after another day of big putts and one chip-in from some 60 feet for eagle on the par-5 sixth hole that put her comfortably ahead at Tiburon Golf Club. She holed a 30-footer on the eighth hole, another birdie from about 25 feet on the ninth hole and another one from the 30-foot range on the 12th. Thitikul seemed to be an afterthought until she lit it up on the back nine for a 30. The Thai started the back nine with three straight bogeys, but she made up quick ground at the end with her eagle on the reachable par-5 17th and a birdie on the closing hole. The birdie briefly gave her the lead until Yin made birdie on the 17th to join her. They were tied at 15-under 201, three shots head of Ruoning Yin, who birdied her last two for a 66. Charley Hull had seven birdies in her round of 66 and was at 11-under 205, along with Narin An of South Korea. Nelly Korda, who got back into the mix on Friday after a sluggish start, lost ground with a 69 on a pleasant day that left her six shots back going into the final round. Korda has won four of her seven LPGA titles this year coming from behind. This could be a tall order. At stake is the richest payoff in women’s golf, $4 million to the winner, nearly as much as Korda has made all year in her seven-victory season. Thitikul already picked up a $1 million bonus this week through the Aon Risk-Reward Challenge, a competition based on how players score on a designated hole each week. Now she could leave Florida with a total of $5 million. “Actually, $1 million is really good enough for me,” Thitikul said. “If I can get more, it’s definitely going to be a nice, because as my team know I spend a lot of money. That’s why I have to keep playing good golf, like spending on shopping day.” Angel Yin heard plenty of cheers for her long birdie putts, and the chip-in for eagle. She also was helped by a couple of pars after bad drives. She went well to the left at No. 10, did well to blast out on a blind shot just short of the green and then got up-and-down with a pitch to 4 feet. And then on the 13th, another tee shot went well to the left. She tried to get it back in play from just in front of some bushes, and from 50 yards hit wedge to about 15 feet. She holed that putt, too, that kept her in front. “I’m scoring still,” Yin said. “Making some mistakes, but saving a bunch, so a lot of positives.” ___ AP golf:
The Sindh Education and Literacy Department recently organised STEM (Science, Technology, Engineering, and Mathematics) competitions in District South, attracting participation from students and teachers from 30 government schools. The event was designed to showcase students' scientific and creative abilities while encouraging practical problem-solving skills. One of the highlights of the competition was the students' innovative use of waste materials to create musical instruments. COMMENTS Comments are moderated and generally will be posted if they are on-topic and not abusive. For more information, please see ourNew research shows restaurant chains and food concepts are helping shopping malls regain their footing, driving consumers to the once-struggling spaces. The data from Yelp shows restaurants have become a driving force in this ever-changing retail landscape, helping to catapult visitor numbers above pre-pandemic levels at malls. Shoppers grab a bite to eat and then spend their money at various businesses before and after they dine out — creating a bounce-back effect for what has often been dubbed a "struggling industry." Days of packed shopping malls are beginning to return, but they look a bit different than what we were used to in the 1990s and early 2000s. RELATED STORY | Retailers say they're ready for potential Trump tariffs Take a drive past or step foot near Great Northern Mall in Ohio and you'll be greeted by one restaurant after the next. More are on the way, including a Texas Roadhouse in the near future. "Five times more traffic," Tony Ke, the owner of TJ Hibachi and Sushi said. Ke said through the ups and downs of the coronavirus pandemic, and many folks opting for online shopping over the years, things are finally turning around. He said business is booming with five times more traffic in the mall food court than in years past. "It's really getting better and better," Ke said. And he's not alone. Scripps News Cleveland followed through and spoke with Beverly Bolton, owner of Fortune's Cookies. The self-proclaimed community baker and Cleveland-area mom took a gamble, opening her first brick-and-mortar inside Great Northern a year ago. "It's been an adventure, but better than I expected," Bolton said. The local cookie shop has become so popular that she's been scouted to fill that nostalgic mall cookie void. "We've had some other malls approach us. Actually, use the space where Mrs. Fields used to be in," Bolton said. RELATED STORY | Big Lots continues some store closures as its bankruptcy proceeds Placer.AI reports shopping malls — whether it be open-air concepts or traditional malls like Great Northern — are on the rise again in 2024. The organization that tracks retail foot traffic reports the primary reason is restaurants and food concepts in malls. They are up 7% from 2019 to 2024. Yelp recently released a report of the top 25 mall brands, and 17 of the top 25 mall brands are restaurant chains: Cheesecake Factory at number 1 BJ's Restaurant and Brewhouse at 4 Starbucks at 6 Olive Garden at 7 Panera at 10 Chili's at 21 Food concepts are a driving force as well. This includes Filipino, Vegan and specifically Bubble Teas —which are up 100% over the last five years, according to Yelp. Michael Goldberg, a professor in the Department of Design Innovation at the Weatherhead School of Management at Case Western Reserve University, said a generation that has virtually lived online plays a critical role in the process. "Many Americans, particularly younger Americans, are focused on experiences and nothing is better than sharing food with friends," Goldberg said. Young social media influencers are eating food on camera, providing reviews and driving people to dive in and try the food. The TikTok generation has given a major boost to once-struggling brands and revived them tenfold. Case in point: Chili's Triple Dipper. "The thought that Chili's is back and being driven by influencer videos on TikTok is quite fascinating and, you know, I mean, there is a nostalgia for brands," Goldberg said. Localized community programming and holiday events like pictures with Santa are a mainstay at malls like Great Northern. Lori Weidleman, who has been cranking out pretzels at Auntie Anne's since 1997, said change is constant. However, she added it's become apparent people will pay for a quality product that takes them back to a special moment in life. "Ohio's doing really good. We're strong and beating our goals and our targets. And it's multi-generational interest," Weidleman said. This story was originally published by Mike Holden at Scripps News Cleveland .
The Anthony Richardson era for the Indianapolis Colts has been quite the roller coaster. There have been incredible highs and disappointing lows. But through his first 15 starts, he has done something that only Cam Newton and Josh Allen have done in that time span in the history of the NFL. HISTORY: #Colts QB Anthony Richardson is the 3rd quarterback in NFL history with at least 10 TD passes and 10 rushing TDs in his first 15 career games. Richardson joins Josh Allen and Cam Newton. pic.twitter.com/1pK860x8qi Colts QB Anthony Richardson joins Cam Newton and Josh Allen in elite club through his first 15 starts Through Richardson's first 15 starts, he has recorded 11 passing touchdowns and 10 rushing. This makes him the third player in NFL history to record at least 10 passing and rushing touchdowns in their first 15 starts. The other two being Cam Newton and Josh Allen. Newton recorded 20 passing and 14 rushing through his first 15 starts, and Allen recorded 13 passing and 10 rushing. Both of those players had more impressive numbers and success than we've seen from Richardson to date. But him joining this list shows that he has the potential to be a true dual-threat QB like Newton was and Allen currently is. To do so, he has to become a more efficient passer, but the last few weeks have shown us that his ability as a runner raises his floor tremendously if the team is willing to lean on it early in games. He has a lot of growing still to do if he is going to be the franchise QB the Colts drafted him to become. Anthony Richardson and the @Colts off to a start pic.twitter.com/GXgzKEsmR2 This article first appeared on A to Z Sports and was syndicated with permission.Scholz's Second Run: Pistorius Steps Back, SPD's Uncertain PathGAINESVILLE, Fla. (AP) — Princely Umanmielen's return to the Swamp ended with a police escort . Umanmielen, who spent three years at Florida before transferring to Ole Miss, left the stadium with a number of officers surrounding him. And the defensive end still tried to get at heckling fans. It started when Umanmielen left the sideline in the waning seconds of a 24-17 loss to the Gators . He was walking toward the visiting locker room when at least one fan yelled at him from the stands. Umanmielen clearly didn't like what he heard and made his way toward the seats. Officers quickly stepped in and escorted Umanmielen back toward the locker room. They then walked him directly to the team's waiting busses, but more fans were in the path and shouted at him again. Umanmielen turned and started toward the fans before officers stepped in and stopped him. It was the latest bit of oddness for Umanmielen, who wore an orange Gators ski mask through Ole Miss' practice facility late in the week. He finished the game with seven tackles, including a sack. 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
NoneSamsung has a new way for Galaxy users to play games. The device manufacturer has been working on getting into the gaming space for a couple years, and its latest venture is a free mobile gaming platform that’ll let you stream Android games through the cloud on a Galaxy device. The program entered beta last year in the Gaming Hub , and is now available to the public. There will be 23 games available at launch, including Monopoly Go , Candy Crush Saga , and Honor of Kings . My first question when I saw the news: What is this for? Downloading mobile games isn’t usually taxing on a device the way a large AAA game might be on a console or PC. Most people also have a mobile device they can play games on, which is very different than not having a gaming PC or console. But there’s a couple ways this tech could be used. If you don’t have enough storage space on your smartphone (very possible considering few phones these days come with expandable storage), you can stream a game instead of playing it locally. This will be a boon as games get bigger. Samsung says that this is its way to keep up with streaming in other industries. The logic is that if you can stream your favorite TV shows instantly, why not be able to do so with games? “Unlike other cloud services, there is no content gated behind a paywall and no monthly subscriptions for users to access these games via our cloud streaming tech,” Jong Woo, Samsung head of game services, said to GamesIndustry.biz . But then I saw this quote in a press release about the announcement: “Our cloud gaming platform offers the ability for publishers to significantly increase their top-of-funnel conversion rates for their user acquisition campaigns by seamlessly converting an ad click directly into first gameplay, eliminating the need to drive users to an app store to download and install,” Woo said. So, the technology will also be appealing to Android mobile game developers who want more people to play their games. Samsung’s developer page says that cloud streaming can be used to bring players right into a game if they click on an ad instead of ushering them to the app store link first. So keep that in mind if you accidentally click an ad. Samsung entered the app-based gaming space with its Gaming Hub, which is available on Samsung smart TVs . It also launched some exclusive games that didn’t require a controller. This new feature lets you play full Android games instead of just small Samsung-approved ones.
Is Wall Street Bullish or Bearish on Cintas Stock?
Online auction of confiscated booze features hard-to-find bottles of Kentucky bourbonsBlame it on the food and drink?
Utah Valley is on the road but looking no worse for wear. After one quarter, neither squad has the contest in the bag, but Utah Valley leads 34-32 over Western Georgia. If Utah Valley keeps playing like this, they'll bump their record up to 4-1 in no time. On the other hand, Western Georgia will have to make due with an 0-7 record unless they turn things around (and fast). Utah Valley Wolverines @ Western Georgia Wolves Current Records: Utah Valley 3-1, Western Georgia 0-6 When: Tuesday, November 26, 2024 at 4 p.m. ET Where: Pete Hanna Center -- Homewood, Alabama TV: ESPN Plus Follow: CBS Sports App Online Streaming: Catch select College Basketball matches on Fubo (Try for free. Regional restrictions may apply.) The Western Georgia Wolves will face off against the Utah Valley Wolverines at 4:00 p.m. ET on Tuesday at Pete Hanna Center. The Wolves are looking for their season's first win. Western Georgia is headed into this one after the oddsmakers set last week's over/under low at 153.5, but even that wound up being too high. They took a 64-54 hit to the loss column at the hands of Georgia Southern on Saturday. The matchup marked the Wolves' lowest-scoring contest so far this season. Meanwhile, Utah Valley skirted by Murray State 77-75 on Friday on a last-minute layup from Tanner Toolson with less than a second left in the second quarter. Carter Welling and Dominick Nelson were among the main playmakers for Utah Valley as the former almost dropped a double-double on 19 points and nine rebounds and the latter almost dropped a double-double on 15 points and nine rebounds. Western Georgia's defeat dropped their record down to 0-6. As for Utah Valley, their victory bumped their record up to 3-1. Western Georgia is hoping to beat the odds on Tuesday, as the experts think they're headed for a loss. This contest will be their seventh straight as the underdogs (so far over this stretch they are 3-2-1 against the spread). Utah Valley is a big 14.5-point favorite against Western Georgia, according to the latest college basketball odds . The oddsmakers had a good feel for the line for this one, as the game opened with the Wolverines as a 15-point favorite. The over/under is 141.5 points. See college basketball picks for every single game, including this one, from SportsLine's advanced computer model. Get picks now .
-- First Half Revenue of $85.7 million , increase 1.5% year-over-year -- -- First Half GMV of $107.3 million , down 7.0% year-over-year -- SHANGHAI , Dec. 19, 2024 /PRNewswire/ -- Jowell Global Ltd. ("Jowell" or the "Company") (NASDAQ: JWEL), one of the leading cosmetics, health and nutritional supplements, and household products e-commerce platforms in China , today announced its unaudited financial results for the six months ended June 30, 2024 . First Half 2024 Financial and Operational Highlights Total revenues were $85.7 million , an increase of 1.5% from $84.4 million in the same period of 2023. Net loss was $3.8 million , a decrease of 47.1%, as compared to the net loss of $7.1 million in the same period of 2023. Total GMV (Gross Merchandise Value) transacted in our online shopping mall was $107.3 million , a decrease of 7.0% from $115.5 million in the same period of 2023. Total VIP members [1] as of June 30, 2024 were approximately 2.7 million, an increase of 8.5% compared to approximately 2.5 million as of June 30, 2023 . Total LHH stores [2] as of June 30, 2024 were 26,795, an increase of 1.0% compared to 26,528 as of June 30, 2023 . [1] "Total VIP members" refers to the total number of members registered on Jowell's platform as of June 30, 2024 and June 30, 2023. [2] "LHH stores" refers to the brand name of "Love Home Store". Authorized retailers may operate as independent stores or store-in-shop (an integrated store), selling products they purchased through Jowell's online platform LHH Mall under their retailer accounts, which provides them with major discounts. First Half 2024 Financial Results Total Revenues Total revenues for the first half 2024 were $85.7 million , representing an increase of 1.5% from $84.4 million in the same period of 2023. Our weighted average unit price was $5.16 per unit for the first half of 2024, which represented an increase of 4.2% as compared to $4.95 per unit for the same period of 2023. Our health and nutritional supplements revenue for the first half of 2024 increased by about $11.1 million , or 182.1%, as compared to the same period of 2023. The increase in health and nutritional supplements revenue was mainly due to the increase in sales of premium brand health and nutritional supplements. We have stepped up our promotions on these items during the Chinese New Year holidays in the first half of 2024 in an attempt to offer more promotional discounts in response to the overall market downturn. First Half Ended June 30 % 2024 2023 change Revenues (in thousands, except for percentages) US$ US$ YoY* Product sales • Cosmetic products 19,768.5 29,495.5 (33.0 %) • Health and nutritional supplements 17,190.7 6,094.2 182.1 % • Household products 48,438.7 48,473.1 (0.1 %) • Others 286.4 343.4 (16.6 %) Total 85,684.3 84,406.2 1.5 % * YOY—year over year Total cost and operating expenses were $89.6 million in the first half of 2024, a decrease of 1.5% from $91.0 million in the same period of 2023. Costs of revenues were $84.8 million in the first half of 2024, an increase of 1.3% from $83.8 million in the same period of 2023, which including an increase of $11.1 million in health and nutritional supplements and partially offset by a decrease of $7.9 million in cosmetic products and $1.4 million in household products. Cost of revenues of health and nutritional supplements for the first half 2024 increased about 189.9% as compared to the same period of 2023. The increase was primarily due to a 65.7% increase in weighted average unit cost. The increase in weighted average unit costs for our health and nutritional supplements is mainly because we offered and sold more higher unit price products in the first half 2024 than the same period of 2023. The decrease in the cost of cosmetic products and household products was attributable to a decrease in the weighted average unit cost and a decrease in sales volume. The weighted average unit cost of cosmetic products decreased from $2.94 in the first half of 2023 to $2.47 in the first half of 2024, and weighted average unit cost of household products decreased from $8.18 in the first half of 2023 to $8.11 in the first half of 2024, both decreases mainly due to reduced customers discretionary spendings on premium brands and their preference to low cost, low price and necessity household products during the first half of 2024, as compared to the same period of 2023. The cosmetic products sales volume declined the most, with a decrease of 13.5% during the first half of 2024 comparing to the same period of 2023. Fulfillment expenses primarily consist of costs related to expenses paid for order preparing, packaging, outbound freight, and physical storage. Fulfillment expenses were $0.8 million in the first half of 2024, a decrease of 56.8% from the $1.9 million in the same period of 2023. Fulfillment expenses as a percentage of total revenues were 1% in the first half of 2024, down from 2.3% in the first half of 2023. The significant reduction in fulfillment costs are attributed to our cost reduction measures in logistics. Firstly, we reduced the rental area of warehouses and labor costs in the logistics process; Secondly, we switched to logistics service providers with lower cost to replace the original ones, significantly reducing express logistics costs. Marketing expenses primarily consist of targeted online advertising, and payroll and related expenses for personnel engaged in marketing and selling activities. Marketing expenses were $2.8 million in the first half of 2024, a decrease of 15.8% from the $3.3 million in the same period of 2023. The decrease was primarily due to a decrease in our marketing and promotion activities. Marketing expense as percentage of total revenues was 3.2% in the first half of 2024, down from 3.9% in the same period of 2023. General and administrative expenses mainly consist of payroll, depreciation, office supplies and upkeep. General and administration expenses were $1.2 million in the first half of 2024, a decrease of 40.1% from $2.0 million in the same period of 2023. General and administration expenses as percentage of total revenues was 1.4% in the first half of 2024, down from 2.3% in the same period of 2023. Operating Loss Operating loss was $4.0 million for the first half of 2024, compared with the operating loss of $6.6 million in the same period of 2023. The decrease in operating loss for the first half of 2024 was mainly due the decrease of marketing expenses, as well as reduction of operating expenses as discussed above. Net Loss Net loss was $3.8 million , a decrease of 47.1% compared with net loss of $7.1 million in the same period of 2023, which was mainly due the factors mentioned above. Loss per Share The Company computes earnings (loss) per share ("EPS") in accordance with ASC 260, "Earnings per Share" ("ASC 260"). Each of the Company's Preferred Share has voting rights equal to two Ordinary Shares of the Company and each Preferred Share is convertible into one Ordinary Share at any time. Except for voting rights and conversion rights, the Ordinary Shares and the Preferred Shares rank pari passu with one another and have the same rights, preferences, privileges and restrictions. For the first half ended June 30, 2024 and 2023, respectively, the Company had no potential ordinary shares outstanding that could potentially dilute EPS in the future. Cash and Cash Equivalents For the first half of 2024, the Company reported a net loss of $3.8 million , a negative operating cash flow of $41,012 and an accumulated deficit of approximately $29.8 million . The Company's principal sources of liquidity are sales revenues, proceeds from a private placement and a registered direct offering. As of June 30, 2024 , the Company had cash and restricted cash of approximately $0.8 million , held by the variable interest entity (VIE) Shanghai Juhao Information Technology Co., Ltd. ("Shanghai Juhao") with banks and financial institutions inside China as the Company conducts its operations primarily through the consolidated VIE in China ; the Company's working capital as of June 30, 2024 was $13.4 million . Due to the uncertainty of the current market environment, management believes it is necessary to enhance the collection of its outstanding accounts receivable and other receivables, and to be cautious in terms of its operational decisions and project selections. As of October 31, 2024 , approximately $1.8 million , or 62%, of its accounts receivable balance as of June 30, 2024 were collected, and approximately $9.9 million , or 93%, of its advances to supplier balance as of June 30, 2024 were utilized. In addition, the Company's Form F-3 registration was declared effective on August 31, 2022 , and the Company may also seek equity financing from outside investors if necessary. Based on the latest business plan of the Company, Shanghai Juhao has reduced its promotion efforts and marketing expenditures since the second half of 2023, which reduced the cash used in operating activities. Management believes that the above-mentioned factors, including cash on hand of approximately $0.8 million , will provide sufficient liquidity for the Company to meet its future liquidity and capital requirements for at least the next twelve months. About Jowell Global Ltd . Jowell Global Ltd. (the "Company") is one of the leading cosmetics, health and nutritional supplements and household products e-commerce platforms in China . We offer our own brand products to customers and also sell and distribute health and nutritional supplements, cosmetic products and certain household products from other companies on our platform. In addition, we allow third parties to open their own stores on our platform for a service fee based upon sale revenues generated from their online stores and we provide them with our unique and valuable information about market needs, enabling them to better manage their sales effort, as well as an effective platform to promote their brands. The Company also sells its products through authorized retail stores all across China , which operate under the brand names of " Love Home Store " or "LHH Store" and "Best Choice Store". For more information, please visit http://ir.1juhao.com/ . Exchange Rate The Company's financial information is presented in U.S. dollars ("USD"). The functional currency of the Company is the Chinese Yuan, Renminbi ("RMB"), the currency of the PRC. Any transactions which are denominated in currencies other than RMB are translated into RMB at the exchange rate quoted by the People's Bank of China prevailing at the dates of the transactions, and exchange gains and losses are included in the statements of operations as foreign currency transaction gain or loss. The consolidated financial statements of the Company have been translated into U.S. dollars in accordance with ASC 830, "Foreign Currency Matters". This press release contains translations of certain RMB amounts into U.S. dollars ("USD" or "$") at specified rates solely for the convenience of the reader. The exchange rates in effect as of June 30, 2024 and December 31, 2023 were RMB1 for $0.1403 and $0.1412 , respectively. The average exchange rates for the six months ended June 30, 2024 and 2023 were RMB1 for $0.1407 and $0.1444 , respectively. Safe Harbor Statement This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; financial condition and results of operations; product and service demand and acceptance; reputation and brand; the impact of competition and pricing; changes in technology; government regulations; fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov . The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. For investor and media inquiries, please contact: Jowell Global Ltd. Ms. Jessie Zhao Email: IR@1juhao.com Jowell Global Ltd. CONDENSED CONSOLIDATED BALANCE SHEETS June 30, December 31, 2024 2023 (Unaudited) ASSETS Current Assets: Cash $ 805,344 $ 1,250,281 Accounts receivable, net 2,344,481 2,401,056 Accounts receivable - related parties - 47,040 Advance to suppliers 10,050,688 3,506,432 Advance to suppliers - related parties 12,493,792 9,874,545 Inventories 4,508,515 8,198,402 Prepaid expenses and other current assets 1,075,591 1,384,758 Total current assets 31,278,411 26,662,514 Long-term investment 3,709,340 3,888,377 Property and equipment, net 845,579 681,942 Intangible assets, net 532,810 634,655 Right of use lease assets, net 1,506,729 2,019,300 Other non-current asset 638,723 895,775 Deferred tax assets 512,175 515,364 Total Assets $ 39,023,767 $ 35,297,927 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Short-term loan $ 210,473 $ 423,567 Accounts payable 2,791,515 3,765,230 Accounts payable - related parties 280,530 194,818 Deferred revenue 11,691,812 2,309,957 Deferred revenue - related parties 40,000 47,059 Current portion of operating lease liabilities 1,475,947 942,989 Accrued expenses and other liabilities 975,072 782,048 Due to related parties 414,585 528,472 Taxes payable 1,487 58,233 Total current liabilities 17,881,421 9,052,373 Non-current portion of operating lease liabilities - 1,032,235 Total liabilities 17,881,421 10,084,608 Commitments and contingencies Equity Common stock, $0.0016 par value, 450,000,000 shares authorized, 2,170,475 issued and outstanding at June 30, 2024 and December 31, 2023, respectively * 3,473 3,473 Preferred stock, $0.0016 par value, 50,000,000 shares authorized, 46,875 issued and outstanding at June 30, 2024 and December 31, 2023, respectively * 75 75 Additional paid-in capital 52,687,182 52,687,182 Statutory reserves 394,541 394,541 Accumulated deficit (29,768,863) (26,039,567) Accumulated other comprehensive loss (2,153,720) (1,843,970) Total Jowell GlobEverything Coming to Netflix, Disney+ & Other Major Streaming Services in December 2024FMC Corporation announces date for fourth quarter 2024 earnings release and webcast conference call
Tens of thousands of Spaniards protest housing crunch and high rents in BarcelonaNorthWestern Energy to Supply Power for Butte, Montana Data Center Atlas Power GroupNAPLES, Fla. (AP) — Angel Yin was making putts from across the green and threatening to build a big lead until Jeeno Thitikul finished eagle-birdie for a 9-under 63 to share the lead Saturday going into the final round of the CME Group Tour Championship with $4 million on the line. Yin had a 69 after another day of big putts and one chip-in from some 60 feet for eagle on the par-5 sixth hole that put her comfortably ahead at Tiburon Golf Club. She holed a 30-footer on the eighth hole, another birdie from about 25 feet on the ninth hole and another one from the 30-foot range on the 12th. Thitikul seemed to be an afterthought until she lit it up on the back nine for a 30. The Thai started the back nine with three straight bogeys, but she made up quick ground at the end with her eagle on the reachable par-5 17th and a birdie on the closing hole. The birdie briefly gave her the lead until Yin made birdie on the 17th to join her. They were tied at 15-under 201, three shots head of Ruoning Yin, who birdied her last two for a 66. Charley Hull had seven birdies in her round of 66 and was at 11-under 205, along with Narin An of South Korea. Nelly Korda, who got back into the mix on Friday after a sluggish start, lost ground with a 69 on a pleasant day that left her six shots back going into the final round. Korda has won four of her seven LPGA titles this year coming from behind. This could be a tall order. At stake is the richest payoff in women’s golf, $4 million to the winner, nearly as much as Korda has made all year in her seven-victory season. Thitikul already picked up a $1 million bonus this week through the Aon Risk-Reward Challenge, a competition based on how players score on a designated hole each week. Now she could leave Florida with a total of $5 million. “Actually, $1 million is really good enough for me,” Thitikul said. “If I can get more, it’s definitely going to be a nice, because as my team know I spend a lot of money. That’s why I have to keep playing good golf, like spending on shopping day.” Angel Yin heard plenty of cheers for her long birdie putts, and the chip-in for eagle. She also was helped by a couple of pars after bad drives. She went well to the left at No. 10, did well to blast out on a blind shot just short of the green and then got up-and-down with a pitch to 4 feet. And then on the 13th, another tee shot went well to the left. She tried to get it back in play from just in front of some bushes, and from 50 yards hit wedge to about 15 feet. She holed that putt, too, that kept her in front. “I’m scoring still,” Yin said. “Making some mistakes, but saving a bunch, so a lot of positives.” ___ AP golf:
The Sindh Education and Literacy Department recently organised STEM (Science, Technology, Engineering, and Mathematics) competitions in District South, attracting participation from students and teachers from 30 government schools. The event was designed to showcase students' scientific and creative abilities while encouraging practical problem-solving skills. One of the highlights of the competition was the students' innovative use of waste materials to create musical instruments. COMMENTS Comments are moderated and generally will be posted if they are on-topic and not abusive. For more information, please see ourNew research shows restaurant chains and food concepts are helping shopping malls regain their footing, driving consumers to the once-struggling spaces. The data from Yelp shows restaurants have become a driving force in this ever-changing retail landscape, helping to catapult visitor numbers above pre-pandemic levels at malls. Shoppers grab a bite to eat and then spend their money at various businesses before and after they dine out — creating a bounce-back effect for what has often been dubbed a "struggling industry." Days of packed shopping malls are beginning to return, but they look a bit different than what we were used to in the 1990s and early 2000s. RELATED STORY | Retailers say they're ready for potential Trump tariffs Take a drive past or step foot near Great Northern Mall in Ohio and you'll be greeted by one restaurant after the next. More are on the way, including a Texas Roadhouse in the near future. "Five times more traffic," Tony Ke, the owner of TJ Hibachi and Sushi said. Ke said through the ups and downs of the coronavirus pandemic, and many folks opting for online shopping over the years, things are finally turning around. He said business is booming with five times more traffic in the mall food court than in years past. "It's really getting better and better," Ke said. And he's not alone. Scripps News Cleveland followed through and spoke with Beverly Bolton, owner of Fortune's Cookies. The self-proclaimed community baker and Cleveland-area mom took a gamble, opening her first brick-and-mortar inside Great Northern a year ago. "It's been an adventure, but better than I expected," Bolton said. The local cookie shop has become so popular that she's been scouted to fill that nostalgic mall cookie void. "We've had some other malls approach us. Actually, use the space where Mrs. Fields used to be in," Bolton said. RELATED STORY | Big Lots continues some store closures as its bankruptcy proceeds Placer.AI reports shopping malls — whether it be open-air concepts or traditional malls like Great Northern — are on the rise again in 2024. The organization that tracks retail foot traffic reports the primary reason is restaurants and food concepts in malls. They are up 7% from 2019 to 2024. Yelp recently released a report of the top 25 mall brands, and 17 of the top 25 mall brands are restaurant chains: Cheesecake Factory at number 1 BJ's Restaurant and Brewhouse at 4 Starbucks at 6 Olive Garden at 7 Panera at 10 Chili's at 21 Food concepts are a driving force as well. This includes Filipino, Vegan and specifically Bubble Teas —which are up 100% over the last five years, according to Yelp. Michael Goldberg, a professor in the Department of Design Innovation at the Weatherhead School of Management at Case Western Reserve University, said a generation that has virtually lived online plays a critical role in the process. "Many Americans, particularly younger Americans, are focused on experiences and nothing is better than sharing food with friends," Goldberg said. Young social media influencers are eating food on camera, providing reviews and driving people to dive in and try the food. The TikTok generation has given a major boost to once-struggling brands and revived them tenfold. Case in point: Chili's Triple Dipper. "The thought that Chili's is back and being driven by influencer videos on TikTok is quite fascinating and, you know, I mean, there is a nostalgia for brands," Goldberg said. Localized community programming and holiday events like pictures with Santa are a mainstay at malls like Great Northern. Lori Weidleman, who has been cranking out pretzels at Auntie Anne's since 1997, said change is constant. However, she added it's become apparent people will pay for a quality product that takes them back to a special moment in life. "Ohio's doing really good. We're strong and beating our goals and our targets. And it's multi-generational interest," Weidleman said. This story was originally published by Mike Holden at Scripps News Cleveland .
The Anthony Richardson era for the Indianapolis Colts has been quite the roller coaster. There have been incredible highs and disappointing lows. But through his first 15 starts, he has done something that only Cam Newton and Josh Allen have done in that time span in the history of the NFL. HISTORY: #Colts QB Anthony Richardson is the 3rd quarterback in NFL history with at least 10 TD passes and 10 rushing TDs in his first 15 career games. Richardson joins Josh Allen and Cam Newton. pic.twitter.com/1pK860x8qi Colts QB Anthony Richardson joins Cam Newton and Josh Allen in elite club through his first 15 starts Through Richardson's first 15 starts, he has recorded 11 passing touchdowns and 10 rushing. This makes him the third player in NFL history to record at least 10 passing and rushing touchdowns in their first 15 starts. The other two being Cam Newton and Josh Allen. Newton recorded 20 passing and 14 rushing through his first 15 starts, and Allen recorded 13 passing and 10 rushing. Both of those players had more impressive numbers and success than we've seen from Richardson to date. But him joining this list shows that he has the potential to be a true dual-threat QB like Newton was and Allen currently is. To do so, he has to become a more efficient passer, but the last few weeks have shown us that his ability as a runner raises his floor tremendously if the team is willing to lean on it early in games. He has a lot of growing still to do if he is going to be the franchise QB the Colts drafted him to become. Anthony Richardson and the @Colts off to a start pic.twitter.com/GXgzKEsmR2 This article first appeared on A to Z Sports and was syndicated with permission.Scholz's Second Run: Pistorius Steps Back, SPD's Uncertain PathGAINESVILLE, Fla. (AP) — Princely Umanmielen's return to the Swamp ended with a police escort . Umanmielen, who spent three years at Florida before transferring to Ole Miss, left the stadium with a number of officers surrounding him. And the defensive end still tried to get at heckling fans. It started when Umanmielen left the sideline in the waning seconds of a 24-17 loss to the Gators . He was walking toward the visiting locker room when at least one fan yelled at him from the stands. Umanmielen clearly didn't like what he heard and made his way toward the seats. Officers quickly stepped in and escorted Umanmielen back toward the locker room. They then walked him directly to the team's waiting busses, but more fans were in the path and shouted at him again. Umanmielen turned and started toward the fans before officers stepped in and stopped him. It was the latest bit of oddness for Umanmielen, who wore an orange Gators ski mask through Ole Miss' practice facility late in the week. He finished the game with seven tackles, including a sack. 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
NoneSamsung has a new way for Galaxy users to play games. The device manufacturer has been working on getting into the gaming space for a couple years, and its latest venture is a free mobile gaming platform that’ll let you stream Android games through the cloud on a Galaxy device. The program entered beta last year in the Gaming Hub , and is now available to the public. There will be 23 games available at launch, including Monopoly Go , Candy Crush Saga , and Honor of Kings . My first question when I saw the news: What is this for? Downloading mobile games isn’t usually taxing on a device the way a large AAA game might be on a console or PC. Most people also have a mobile device they can play games on, which is very different than not having a gaming PC or console. But there’s a couple ways this tech could be used. If you don’t have enough storage space on your smartphone (very possible considering few phones these days come with expandable storage), you can stream a game instead of playing it locally. This will be a boon as games get bigger. Samsung says that this is its way to keep up with streaming in other industries. The logic is that if you can stream your favorite TV shows instantly, why not be able to do so with games? “Unlike other cloud services, there is no content gated behind a paywall and no monthly subscriptions for users to access these games via our cloud streaming tech,” Jong Woo, Samsung head of game services, said to GamesIndustry.biz . But then I saw this quote in a press release about the announcement: “Our cloud gaming platform offers the ability for publishers to significantly increase their top-of-funnel conversion rates for their user acquisition campaigns by seamlessly converting an ad click directly into first gameplay, eliminating the need to drive users to an app store to download and install,” Woo said. So, the technology will also be appealing to Android mobile game developers who want more people to play their games. Samsung’s developer page says that cloud streaming can be used to bring players right into a game if they click on an ad instead of ushering them to the app store link first. So keep that in mind if you accidentally click an ad. Samsung entered the app-based gaming space with its Gaming Hub, which is available on Samsung smart TVs . It also launched some exclusive games that didn’t require a controller. This new feature lets you play full Android games instead of just small Samsung-approved ones.
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