Latest news with #Norwegian-American
Yahoo
16-05-2025
- Yahoo
Utah's Norwegian community to mark Norway's Constitution Day, 200 years of emigration
Norway marks Constitution Day on Saturday — a major holiday in the nation — and Utahns with roots in the Scandinavian country are marking the day with a celebration of their own. Saturday's event will mark nearly 200 years of immigration from Norway to the United States, which is the focus of other commemorative events this year. The Utah 17th of May Celebration will start at 11 a.m. on Saturday at the Norway section at the International Peace Gardens at Jordan Park, 1060 S. 900 West in Salt Lake City. Constitution Day in Norway 'is Thanksgiving and New Year's and Days of '47 and everything together,' said Lars Johansen, who's from Norway but now lives in Utah and serves as the royal honorary Norwegian consul. The celebration in Norway, which marks the signing of the nation's constitution on May 17, 1814, is 'humongous.' In Utah, the local Norwegian community has held 17th of May Celebrations for many years. This year, though, the activities take on an added dimension as 2025 marks the 200th anniversary of 'organized immigration' to the United States and Canada from Norway. 'Immigration can be healthy and good,' Johansen said. There will be speeches, a parade, traditional music and dancing and Norwegian food at Saturday's event, as well as a presentation by Johansen on the bicentennial of Norwegian immigration here. Organized emigration from Norway dates to July 4, 1825, when a ship carrying 52 Norwegians, called Restauration, departed Norway for North America. According to the Norwegian-American, an online publication geared to the Norwegian community in the United States, a replica of the ship will set sail from Norway on July 4 this year, bound for New York City to mark the bicentennial. 'The journey will commemorate the emigrants who bravely left Norway so long ago, while symbolically raising awareness of the hardships that people today face as they search for freedom and a better life — some still risking their lives,' reads a report by Norwegian-American on the plans. Brigham Young University's Scandinavian studies program will host a symposium from Nov. 18-20, focusing on Norwegian emigration to the United States. 'The focus for the BYU symposium will be the westward movement of Norwegians to the Intermountain West and beyond,' reads the BYU website.
CNBC
15-05-2025
- Business
- CNBC
Ole Andreas Halvorsen's Viking Global bet on banks and more than doubled its stake in Nvidia in the first quarter
Ole Andreas Halvorsen's Viking Global increased its bets on U.S. financial stocks in the first quarter and more than doubled its position in Nvidia , according to the latest regulatory filing. Viking loaded up on shares of U.S. Bancorp , Charles Schwab and Bank of America , making them the hedge fund's three largest holdings, in that order. The fund also loaded up on a new position in Capital One , worth $823 million at the end of March. The Norwegian-American billionaire increased his stake in U.S. Bancorp by 43% after reducing its holding in the fourth quarter. Viking now holds more than 34.8 million shares of the Minneapolis-based bank in a position worth about $1.5 billion, according to the latest 13F filing with the Securities and Exchange Commission. Shares of U.S. Bancorp are down 6.8% this year, but have jumped 15.4% over the past month. Halvorsen, an alumnus of the late Julian Robertson 's Tiger Management, also raised his position in Charles Schwab by nearly 21%, and in Bank of America by 30.3%, as well as buying a new stake in Capital One Financial worth roughly $823 million. Viking also took a bet on embattled UnitedHealth , raising its position in the health care provider by 12.5% after the company faced multiple setbacks in 2024, ranging from the murder of the CEO at its largest division to higher-than-expected medical costs to a cyberattack. UnitedHealth was Viking's fourth largest position at the end of the first quarter, but there's no way to tell what, if anything, the fund has done since then. In addition to financials, Viking also bet on a several major semiconductor stocks and apparel companies. Viking loaded up on shares of Nvidia, more than tripling its stake in the company to about $709 million at the end of the latest quarter, and raised its holding in Qualcomm further after adding the chipmaker to its portfolio in the fourth quarter. Halvorsen also increased his positions in discount retailer Ross Stores and shoemaker Skechers by about 153% and 60%, respectively, while adding a new position in beaten-down Nike worth roughly $350 million. Viking also bought into new positions in Meta Platforms , Chubb and Singapore-based tech conglomerate Sea . The fund owned about $845 million worth of Meta shares by the end of the first quarter, making it the largest new buy in the quarter and Viking's seventh largest holding overall. Shares of Sea, the owner of e-commerce marketplace Shopee and popular gaming platform Garena, have soared more than 55% this year. Viking slashed its stakes in JPMorgan , Monster Beverage , Philip Morris , Progressive , Visa and Spotify , while entirely dissolving positions in Lululemon , KKR , Salesforce , Vistra and ZScaler .
Local Norway
18-03-2025
- General
- Local Norway
Norwegian expression of the day: Uff da
What does uff da mean? Uff da is an interjection used when something bad has happened. It's used to express sympathy or empathy with the situation. This expression is a bit like the anglophone equivalent of letting out an " oof ' or pulling in a sharp inhale while wincing. Dutch and German speakers will also find that it's similar to oef or uff, also interjections to when something is sad or unpleasant. The saying is semi-common in areas with a large Norwegian-American community, as Scandinavian Americans brought the phrase over the Atlantic in the 1800s. If you see someone trip and it looks painful but not serious, you might start with a ' uff da ' before asking them if they are okay. If it looks serious, then uff da probably isn't all that appropriate. Much like 'ooof', a situation can quickly turn awkward if you use uff da when a bit more levity is required. Should the situation be more serious to brush off with an uff da , then there are a couple of more sincere expressions you might want to turn to. Advertisement For example, ' Jeg er utrolig lei meg for å høre det' (I am really sorry to hear that) or ' det er veldig trist å hør ' (That's really sad to hear) would be a much better way of expressing genuine sympathy. Use it like this: Uff da, har du slått deg? Oof, have you hurt yourself? Uff da, det var leit å høre Oof, I am sorry to hear that.
