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Remitly Global (RELY) Gets a Buy from BMO Capital
Remitly Global (RELY) Gets a Buy from BMO Capital

Business Insider

time5 days ago

  • Business
  • Business Insider

Remitly Global (RELY) Gets a Buy from BMO Capital

In a report released today, Rufus Hone from BMO Capital reiterated a Buy rating on Remitly Global (RELY – Research Report), with a price target of $30.00. The company's shares closed today at $20.88. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Hone is a 4-star analyst with an average return of 10.6% and a 68.22% success rate. Hone covers the Financial sector, focusing on stocks such as PayPal Holdings, Mastercard, and Visa. Remitly Global has an analyst consensus of Strong Buy, with a price target consensus of $28.43, representing a 36.16% upside. In a report released on June 2, Barclays also maintained a Buy rating on the stock with a $27.00 price target. The company has a one-year high of $27.32 and a one-year low of $11.60. Currently, Remitly Global has an average volume of 2.66M. Based on the recent corporate insider activity of 97 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RELY in relation to earlier this year. Last month, Luke Tavis, the CAO of RELY sold 970.00 shares for a total of $21,660.10.

First tropical storm of the year could come weeks earlier than normal
First tropical storm of the year could come weeks earlier than normal

Yahoo

time27-05-2025

  • Climate
  • Yahoo

First tropical storm of the year could come weeks earlier than normal

The first tropical storm of the season is expected to form later this week. Forecasters said that a tropical depression was projected to form in the eastern Pacific, around several hundred miles south of the southern coast of Mexico. 'Showers and thunderstorms are gradually becoming better organized near a broad area of low pressure located several hundred miles south of the coast of southern Mexico,' the National Hurricane Center said in a Tuesday update. 'While the system currently lacks a well-defined circulation, environmental conditions are favorable for further development, and a tropical depression or tropical storm is expected to form during the next day or two as the low moves generally west-northwestward at around 10 mph.' They gave the disturbance a high chance of formation over the next 48 hours to a week. If it forms, the storm may move clouds and rain toward the Gulf Coast states as early as this weekend, according to AccuWeather. It would be called Alvin. The formation would mark an early start to the eastern Pacific hurricane season. The average date for the first storm of that season is on June 10, according to NASA. Last year's first storm, known as Tropical Storm Aletta, didn't form until the Fourth of July. That marked the latest start to an eastern Pacific hurricane season in the satellite era. Hurricane Hone brought flood damage to Hawaii, knocking out the power for tens of thousands of people. The eastern pacific hurricane season began May 15 and runs through November 30. However, the average first hurricane typically only forms by June 26. Right now, the Atlantic basin is quiet, with its season starting on June 1. However, this year's Atlantic hurricane season is anticipated to be above-average, once again, with climate change fueling warm ocean waters that supercharge the cyclones. Between 14 and 18 tropical storms and seven to 10 hurricanes are projected for the eastern Pacific this year, according to AccuWeather. That's a higher number of hurricanes than the historical average. "With waters starting off cooler than historical average and likely to continue through the summer off of California, the circulation of any non-tropical storm offshore that forms could help pump moisture and generate heavy rainfall in not only New Mexico and Arizona, but perhaps Southern California and Nevada as well late in the summer season," AccuWeather Lead Long-Range Meteorologist Paul Pastelok said. "It is a lot of ifs, but that is something we are looking at closely."

Mainie Jellett and Evie Hone: Irish women who were ahead of their time
Mainie Jellett and Evie Hone: Irish women who were ahead of their time

Irish Examiner

time26-05-2025

  • Entertainment
  • Irish Examiner

Mainie Jellett and Evie Hone: Irish women who were ahead of their time

Few artistic relationships have been as long or productive as that maintained by Mainie Jellett and Evie Hone. In London, Paris and their native Dublin, they created some of the most innovative Irish art of the early 20th century, often in the face of critical opprobrium and the bewilderment of their peers. A broad selection of their work as pioneers of abstraction and Cubism in this country is currently showing at the National Gallery of Ireland, in the exhibition Mainie Jellett and Evie Hone: The Art of Friendship The two had much in common. Both came from well-to-do Protestant families, and they were born just a few miles apart, Hone in Donnybrook, Co Dublin in 1894, and Jellett in Fitzwilliam Square in Dublin city centre in 1897. 'But their personal experience was a little different,' says the exhibition's curator, Dr Brendan Rooney. 'Hone's parents both died in her childhood, whereas Jellett's family were what you might call more conventionally secure. 'Also, Hone contracted polio at the age of 12, which left her very compromised. A lot of her early years, and particularly her teen years, were spent undergoing various medical procedures in England and elsewhere. "So it was really tough for her, notwithstanding her privilege.' Both determined early to pursue careers in art. Jellett studied under William Orpen at the Metropolitan School of Art in Dublin, before proceeding to the Westminster Technical Institute in London. It was there that she first encountered Hone, who had already spent some years in London, studying at the Byam Shaw School of Art and the Central School of Arts and Crafts. At the launch of Mainie Jellett and Evie Hone: The Art of Friendship at the National Gallery were Dr Brendan Rooney, head curator; Niamh McNally, curator; and Dr Caroline Campbell, director. Picture: Naoise Culhane 'At Westminster,' says Rooney, 'they would have had a very academic training, with an emphasis on drawing. Both studied under Walter Sickert, among others.' Hone moved to Paris in late 1920, and Jellett followed a few months later. Both were keen to explore new ways of art making. 'They set themselves up as students in this incredible, creative, post-war environment. I think it was in Paris that their friendship really began.' Initially, they studied under André Lhote, but they soon bored of his brand of representational Cubism, which mainly dealt with landscapes and still life. 'Abstraction was where they wanted to go,' says Rooney. 'It was more extreme, and more reductive, I suppose, as an art form. So they approached Albert Gleizes, and asked that he become their tutor. Gleizes had just turned 40. He was still in the process of formulating his own aesthetic and his own ideas and his own philosophy about art, and probably the last thing he needed was two overenthusiastic Irish students arriving on his doorstep.' Gleizes had no other students. 'So Jellett and Hone moved into this much more intimate situation, where they became his collaborators, really, and played a key role in the formulation of his ideas.' Jellett and Hone travelled back and forth from Paris to exhibit in Dublin, where their work was often seen as controversial, and never more so than when Jellett exhibited a painting called Decoration at a Society of Dublin Painters exhibition in 1923. 'Decoration was met with anything from suspicion to downright hostility,' says Rooney. 'George Russell - a painter himself, as well as a writer and critic - was among the most outspoken critics. He dismissed Jellett's work as 'artistic malaria.' The Irish Times published a photograph of Decoration and a photograph of an onion side by side, and described her painting as a 'freak.' I mean, this was a really hostile and adversarial sort of language.' Evie Hone, The Cock and Pot. The two artists responded to the disparagement of their work in markedly different ways. 'Jellett was emboldened. She really turned to proselytizing about modernism. She lectured. She wrote. She was very industrious. But Hone, I think, was crushed by the criticism. She became more reserved. She even joined an Anglican convent for a year or so. Jellett would not have approved, but she was on hand to collect her friend when she left in January or February of 1927.' In time, Jellett and Hone's work became more accepted in Irish art circles. Jellett was even invited to design a series of murals for the Ireland Pavilion at the Empire Exhibition in Glasgow in 1937. Hone, meanwhile, took an interest in stained glass. She retrained at the College of Art and joined An Túr Gloine, the workshop and co-operative founded by Sarah Purser. Before long, she took on a number of significant commissions in the medium. One of the best known is My Four Green Fields, commissioned by the Department of Industry and Commerce for the Irish Pavilion at the 1939 New York World's Fair. The window now dominates the entrance hall of Government Buildings on Merrion St, Dublin. In Britain, Hone is celebrated for another work in stained glass, a magnificent Crucifixion in the Chapel at Eton College, Windsor, which she completed between 1949 and 1952. 'That was her magnum opus,' says Rooney. 'It was a colossal undertaking, involving thousands of individual pieces of glass, which she manufactured in Dublin and had shipped over. The window was incredibly well received, and is now accepted as being one of the finest pieces of stained glass created anywhere in the world in the 20th century.' Despite their success, the two never really became establishment figures. Towards the end of her life, Jellett founded the Irish Exhibition of Living Art, which challenged the dominance of the Royal Hibernian Academy's invariably conservative annual group exhibition. Hone was also involved, along with Norah McGuinness, Fr Jack Hanlon, Hilary Heron and Louis le Brocquy. Mainie Jellett, The Virgin of Éire. Sadly, Jellett fell ill with cancer and could not attend the first Irish Exhibition of Living Art in 1943. 'It's one of the great injustices that she never got to see it,' says Rooney. 'And she died before the second exhibition the following year.' Hone continued to work until her own passing, in 1955. The Irish Exhibition of Living Art outlived them both, surviving into the early 1990s. From the first, Jellett and Hone had insisted that older, more conservative artists – RHA stalwarts such as Seán Keating and James Sleator – be featured alongside younger, bolder creatives, and successive organisers were loyal to that spirit of broadmindedness. 'Jellett and Hone were aware of the importance of the collective,' says Rooney. 'They were inclusive, and emphatically so. They managed to bring people with them, which takes real skill, particularly in a Europe that was fragmented for all sorts of cultural, political reasons. It's a very impressive achievement.' Mainie Jellett and Evie Hone: The Art of Friendship runs at the National Gallery of Ireland, Dublin, until August 10. Further information:

What does Hawaii's 2025 hurricane season look like?
What does Hawaii's 2025 hurricane season look like?

Yahoo

time15-05-2025

  • Climate
  • Yahoo

What does Hawaii's 2025 hurricane season look like?

HONOLULU (KHON2) — NOAA forecasters from the Central Pacific Hurricane Center will issue the 2025 Hurricane Outlook on Thursday, May 15. Honolulu city council looks to use hotel tax to help lower projected sewer fee increase Officials said the outlook will review the anticipated tropical activity for Hawaii's hurricane season from June through November. The forecast range set to be given includes all types of tropical cyclones such as hurricanes, tropical storms and tropical depressions. Currently, the outlook does not forecast if any cyclones will hit the islands, only the number of systems expected to form or move into the Central Pacific 2024, the CPHC forecasted between two to four systems. Two hurricanes were present during the 2024 season — Hurricane Gilma and Hurricane Hone. Officials added that the information is intended to help residents, emergency managers and community leaders make informed decisions to stay safe. Following the conference, Gov. Josh Green will issue a proclamation declaring Hurricane Preparedness Week in Hawaii. Check out more news from around Hawaii Join KHON2 at 10 a.m. on KHON+ and the KHON2 Mobile app to watch the press conference live. A separate live on KHON2's Facebook will be held for discussion with Justin Cruz. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Why Australia's most prominent climate change deniers have stopped talking about the climate
Why Australia's most prominent climate change deniers have stopped talking about the climate

The Guardian

time26-04-2025

  • Politics
  • The Guardian

Why Australia's most prominent climate change deniers have stopped talking about the climate

The only regular meeting of Australia's Saltbush Club takes place most Thursday evenings at a golf club in Five Dock, in Sydney's inner west. The group's founding members – a collection of the country's most prominent and avid global heating deniers – include Gina Rinehart, the former Queensland premier Campbell Newman, former Business Council of Australia head Hugh Morgan, and Coalition MP Colin Boyce. At Five Dock, the crowd is mostly old and mostly white. They sometimes host contrarian speakers. But about six years ago, this gathering of climate sceptics decided to stop talking publicly about the climate. 'We resolved to temporarily pivot from the climate debate and launch the Energy Realists of Australia to talk to people about matters that really concern them, like the price and security of power, instead of science,' said Rafe Champion, another Saltbush founder and a stalwart of the Five Dock meetup. The idea, Champion wrote on his blog last month, was to target people using 'evidence that they can understand, unlike the finer points of climate science'. As Australia heads towards a federal election, the results of that pivot have been writ large in the campaign. Both major parties notionally support the net zero emissions target. But the coal and climate wars have been replaced in some places by vehement anti-renewables campaigns. In some cases, campaigns and candidates opposing renewables have discussed renewable energy plans with members of the Saltbush Club and others who outright deny the existence of a climate crisis. The New South Wales northern rivers seat of Richmond was once National party heartland. In recent years the Nationals vote has crashed, while the Greens have come into contention with growing support around Byron shire. The Nationals candidate, Kimberly Hone, told Sky News a few months ago her strategy was to stop the flow of Greens preferences electing Labor. 'We've got to make sure that we hinder that and we drop [the Greens] vote,' she said. In 2023, Hone – whose old Twitter account includes links to articles suggesting temperature increases are a religious 'blessing' – started a new venture called the Richmond Energy Forum, which hosted anti-renewables speakers in front of banners claiming wind turbines were 'killing koalas'. A few days later, Hone met Neil Killion – a Saltbush Club member and the organiser of the Gold Coast-based Climate and Energy Realists of Queensland – to discuss 'cross-border team work on affordable and reliable energy'. Hone posted a photograph of their meeting on her private Facebook page. The following month, Killion spoke at a meeting in which he discussed the beginnings of a 'national network' that would include old school climate deniers, anti-renewables campaigners and the remnants of the post-Covid freedom movement. Tuned into the live feed were the moderator of the Facebook group 'Australian Climate Skeptics'; Graham Young, the former Queensland Liberal vice-president and head of the Australian Institute for Progress; and Viv Forbes, the executive director of the Saltbush Club and a former coal mining executive who served as an ambassador for an international declaration claiming 'there is no climate emergency' and that 'CO2 is plant food'. 'A lot of the people in the freedom movement as a whole would be supportive of what we do,' Killion told those on the video call. 'All told it's pretty impressive. All of us basically feel the same way, so this is, if you will, the first step in making this [national network] a reality.' Later at the same meeting, Boyce said blackouts were 'a big political opportunity' and that he had urged fellow MPs to adopt a 'do-nothing strategy' that would allow power outages and build opposition to net zero policies. Paul Williams, an associate professor in politics and journalism at Griffith University, says the climate wars are still 'a salient issue among conservative or reactionary voters, particularly in the regions'. But Williams says the primary issues for voters at the election are the cost of living and health. '[The Coalition] will try to bring over working-class people … by cultivating a culture war. This is really Trojan horse stuff because they can't win the economic war. 'I don't think there are too many people who want to fight a legitimate climate change battle,' he says. 'Interestingly, Peter Dutton's nuclear policy is being framed in terms of the cost of living.' Sign up to Afternoon Update: Election 2025 Our Australian afternoon update breaks down the key election campaign stories of the day, telling you what's happening and why it matters after newsletter promotion A few days after Anthony Albanese called the election, the Condamine branch of the Liberal party held an energy forum at Balgowlah on Sydney's northern beaches. The moderator, Steven Tripp, has been involved with the branch and is an organiser of the group Let's Rethink Renewables. Tripp's questions included asking panellists how we 'combat the story, or the lie, that is being told to our younger generation that the world is coming to an end due to climate change'. Tripp also asked: 'Donald Trump has abandoned the Paris agreement, why won't the Coalition?' The Queensland Nationals senator Matt Canavan told the audience the 2020 election of Joe Biden (and Trump's loss) had been key to the Coalition signing up to net zero emissions targets. 'It's hard for me to answer why, obviously I've taken a position against net zero and I did that long before Donald Trump was re-elected,' Canavan said. 'When we did sign up to net zero … [former prime minister] Scott Morrison told us we had to do that because Joe Biden was elected and he wanted to do it, which was strange to me because there were a lot of allegations of voting irregularities at that election … I can't remember anyone saying that Australians voted. 'It really perplexes me that, hang on, shouldn't we get to decide on that? We haven't had actually had an election to decide on whether we should support net zero. There hasn't been a battle. We never asked. Both sides of politics signed up to it. 'It would be nice to have that political battle, I keep pushing for that.' The Coalition campaign did not respond to questions, including about potential agitation from MPs to drop its net-zero commitment, in line with Trump's America. Hone did not respond. Those behind the Saltbush Club say the political tide turning in the US offers hope for an about-face in Australia too. 'So far there is not much to show for our efforts but events are starting to move very quickly in the United States,' Champion wrote on his blog. 'We expect this will help us after the forthcoming national election when climate and energy realists in the Liberal party can speak freely. 'In the meantime the pink and green rats in the Liberal ranks maintain their stranglehold on policy because polling indicates the people are not ready to be told the truth about climate and energy issues.'

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