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Time of India
a day ago
- Science
- Time of India
Summer Solstice 2025: Is it June 20 or 21? Exact date, time & why it's the longest day of the year explained
Summer Solstice 2025: The summer solstice 2025 marks the official start of summer in the Northern Hemisphere and is known as the longest day of the year. Every year, people wonder whether the summer solstice falls on June 20 or June 21. This year, the exact moment of the summer solstice occurs on Friday, June 20, 2025, at 10:42 p.m. EDT, which corresponds to Saturday, June 21, 2025, at 02:42 UTC. This precise timing means that while some regions observe the solstice on June 20, others see it on June 21 depending on their time zone . When is the Summer Solstice 2025? June 20 or 21? The summer solstice 2025 officially takes place on June 20 at 10:42 p.m. Eastern Daylight Time in the United States. But, in the United Kingdom and parts of Europe, it will be early morning on June 21 at 3:42 a.m. BST. This difference is due to global time zones, which means the solstice date can appear as either June 20 or June 21 depending on your location. Why Is the Summer Solstice the longest day of the year? The summer solstice is the longest day because it is the moment when the Northern Hemisphere is tilted most directly toward the Sun. The Earth's axis is tilted about 23.44 degrees relative to its orbit around the Sun, and at the solstice, the Sun reaches its highest point in the sky at noon. This results in the maximum number of daylight hours and the shortest night of the year for the Northern Hemisphere. What happens during the June Solstice? At the June solstice, the Sun is directly overhead at the Tropic of Cancer, which is 23.5 degrees north of the equator. After this day, the Sun begins to move southward again. This astronomical event also means that locations farther north experience significantly longer daylight hours, with places inside the Arctic Circle witnessing the Midnight Sun, where the Sun never sets. Summer Solstice 2025: Local times around the world Because the solstice moment is the same worldwide, local dates and times vary. For example, it occurs late on June 20 in North America but early on June 21 in Europe and Asia. People in the Southern Hemisphere experience the winter solstice simultaneously, marking their shortest day and the start of winter. Cultural significance and celebrations of the Summer Solstice The summer solstice has been celebrated for centuries across many cultures. Known as Midsummer or Litha in some traditions, it is a time for festivals, rituals, and gatherings that honour the Sun's power and the abundance of summer. Many ancient monuments, like Stonehenge, align with the solstice sunrise, highlighting its historical importance. How does the Summer Solstice affect seasons? The solstices and equinoxes are key markers that define Earth's seasons. The summer solstice signals the start of summer in the Northern Hemisphere and winter in the Southern Hemisphere. This happens because of the Earth's axial tilt, not because of its distance from the Sun, which remains relatively constant throughout the year. FAQs 1. When is the summer solstice 2025? Answer: The summer solstice in 2025 occurs on June 20 at 10:42 p.m. EDT, which is June 21 at 2:42 UTC, depending on your time zone. 2. Why does the summer solstice date change between June 20 and 21? Answer: The solstice date varies due to Earth's orbit and time zone differences, causing the exact moment to fall late on June 20 in some places and early on June 21 in others. 3. What makes the summer solstice the longest day of the year? Answer: It is the longest day because the Northern Hemisphere is tilted most toward the Sun, resulting in the maximum hours of daylight. 4. What is the significance of the Tropic of Cancer during the summer solstice? Answer: The Sun is directly overhead at the Tropic of Cancer during the solstice, marking the northernmost point of the Sun's annual path. 5. How do different parts of the world experience the summer solstice? Answer: While the Northern Hemisphere enjoys the longest day and start of summer, the Southern Hemisphere experiences the shortest day and the beginning of winter simultaneously. For more informative articles on historical and upcoming events from around the world, please visit Indiatimes Events.
Business Wire
12-06-2025
- Business
- Business Wire
GameStop Announces Pricing of Upsized Private Offering of $2.25 Billion of Convertible Senior Notes
GRAPEVINE, Texas--(BUSINESS WIRE)--GameStop Corp. (NYSE: GME) ('GameStop'), today announced the pricing of its upsized $2.25 billion aggregate principal amount of 0.00% Convertible Senior Notes due 2032 (the 'notes') in a private offering (the 'offering') to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the 'Securities Act'). GameStop also granted the initial purchaser of the notes an option to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $450 million aggregate principal amount of notes. The sale of the notes is expected to close on June 17, 2025, subject to customary closing conditions. The notes will be general unsecured obligations of GameStop, will not bear regular interest and the principal amount of the notes will not accrete. The notes will mature on June 15, 2032, unless earlier converted, redeemed or repurchased. GameStop estimates that the net proceeds from the offering will be approximately $2.23 billion (or approximately $2.68 billion if the initial purchaser exercises its option to purchase additional notes in full), after deducting the initial purchaser's discount and commissions and estimated offering expenses payable by GameStop. GameStop intends to use the net proceeds from the offering for general corporate purposes, including making investments in a manner consistent with GameStop's Investment Policy and potential acquisitions. Before March 15, 2032, holders will have the right to convert their notes only upon the satisfaction of specified conditions and during certain periods. On or after March 15, 2032, until the close of business on the scheduled trading day immediately preceding the maturity date, holders may convert all or any portion of their notes at any time. Upon conversion, GameStop will pay or deliver, as the case may be, cash, shares of GameStop's Class A common stock, par value $.001 per share ('Class A common stock'), or a combination of cash and shares of Class A common stock, at its election. The conversion rate for the notes will initially be 34.5872 shares of Class A common stock per $1,000 principal amount of such notes (equivalent to an initial conversion price of approximately $28.91 per share of Class A common stock). The initial conversion price of the notes represents a premium of approximately 32.5% over the U.S. composite volume weighted average price of the Class A common stock from 1:00 p.m. through 4:00 p.m. Eastern Daylight Time on The New York Stock Exchange on June 12, 2025. The conversion rate will be subject to adjustment in some events but will not be adjusted for any accrued and unpaid special interest. In addition, following certain corporate events that occur prior to the maturity date of the notes or if GameStop delivers a notice of redemption in respect of the notes, GameStop will, in certain circumstances, increase the conversion rate of the notes for a holder who elects to convert its notes in connection with such a corporate event or convert its notes called (or deemed called) for redemption during the related redemption period, as the case may be. GameStop may not redeem the notes prior to June 20, 2029. GameStop may redeem for cash all or any portion of the notes (subject to the partial redemption limitation described below), at its option, on or after June 20, 2029, if the last reported sale price of the Class A common stock has been at least 130% of the conversion price for the notes then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which GameStop provides notice of redemption at a redemption price equal to 100% of the principal amount of the notes to be redeemed, plus accrued and unpaid special interest to, but excluding, the redemption date. If GameStop redeems less than all of the outstanding notes, at least $100 million aggregate principal amount of notes must be outstanding and not subject to redemption as of the relevant redemption notice date. No sinking fund is provided for the notes. Noteholders will have the right to require GameStop to repurchase their notes on December 15, 2028, at a repurchase price equal to 100% of the principal amount of the notes to be repurchased, plus accrued and unpaid special and additional interest, if any, to, but excluding, the repurchase date. In addition, if GameStop undergoes a 'fundamental change' (as defined in the indenture that will govern the notes), then, subject to certain conditions and limited exceptions, holders of the notes may require GameStop to repurchase for cash all or any portion of their notes at a repurchase price equal to 100% of the principal amount of the notes to be repurchased, plus accrued and unpaid special interest to, but excluding, the fundamental change repurchase date. Neither the notes, nor any shares of Class A common stock issuable upon conversion of the notes, if any, have been, or will be, registered under the Securities Act or any state securities laws, and unless so registered, may not be offered or sold in the United States, or to, or for the account or benefit of, U.S. Persons, absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and other applicable securities laws. This press release is neither an offer to sell nor a solicitation of an offer to buy any securities, nor shall it constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. There can be no assurances that the offering of the notes will be completed as described herein or at all. Cautionary Statement Regarding Forward-Looking Statements – Safe Harbor This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements concerning the anticipated completion of the offering and the anticipated use of proceeds from the offering. These forward-looking statements are based on GameStop's current assumptions, expectations and beliefs and are subject to substantial risks, uncertainties, assumptions and changes in circumstances that may cause GameStop's actual results, performance or achievements to differ materially from those expressed or implied in any forward-looking statement. These risks include, but are not limited to market risks, trends and conditions. These and other risks are more fully described in GameStop's filings with the Securities and Exchange Commission ('SEC'), including in the section entitled 'Risk Factors' in its Annual Report on Form 10-K for the fiscal year ended February 1, 2025 and its Quarterly Report on Form 10-Q for the fiscal quarter ended May 3, 2025, and other filings and reports that GameStop may file from time to time with the SEC. Forward-looking statements represent GameStop's beliefs and assumptions only as of the date of this press release. GameStop disclaims any obligation to update forward-looking statements.
Yahoo
12-06-2025
- Business
- Yahoo
GameStop Announces Pricing of Upsized Private Offering of $2.25 Billion of Convertible Senior Notes
GRAPEVINE, Texas, June 12, 2025--(BUSINESS WIRE)--GameStop Corp. (NYSE: GME) ("GameStop"), today announced the pricing of its upsized $2.25 billion aggregate principal amount of 0.00% Convertible Senior Notes due 2032 (the "notes") in a private offering (the "offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). GameStop also granted the initial purchaser of the notes an option to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $450 million aggregate principal amount of notes. The sale of the notes is expected to close on June 17, 2025, subject to customary closing conditions. The notes will be general unsecured obligations of GameStop, will not bear regular interest and the principal amount of the notes will not accrete. The notes will mature on June 15, 2032, unless earlier converted, redeemed or repurchased. GameStop estimates that the net proceeds from the offering will be approximately $2.23 billion (or approximately $2.68 billion if the initial purchaser exercises its option to purchase additional notes in full), after deducting the initial purchaser's discount and commissions and estimated offering expenses payable by GameStop. GameStop intends to use the net proceeds from the offering for general corporate purposes, including making investments in a manner consistent with GameStop's Investment Policy and potential acquisitions. Before March 15, 2032, holders will have the right to convert their notes only upon the satisfaction of specified conditions and during certain periods. On or after March 15, 2032, until the close of business on the scheduled trading day immediately preceding the maturity date, holders may convert all or any portion of their notes at any time. Upon conversion, GameStop will pay or deliver, as the case may be, cash, shares of GameStop's Class A common stock, par value $.001 per share ("Class A common stock"), or a combination of cash and shares of Class A common stock, at its election. The conversion rate for the notes will initially be 34.5872 shares of Class A common stock per $1,000 principal amount of such notes (equivalent to an initial conversion price of approximately $28.91 per share of Class A common stock). The initial conversion price of the notes represents a premium of approximately 32.5% over the U.S. composite volume weighted average price of the Class A common stock from 1:00 p.m. through 4:00 p.m. Eastern Daylight Time on The New York Stock Exchange on June 12, 2025. The conversion rate will be subject to adjustment in some events but will not be adjusted for any accrued and unpaid special interest. In addition, following certain corporate events that occur prior to the maturity date of the notes or if GameStop delivers a notice of redemption in respect of the notes, GameStop will, in certain circumstances, increase the conversion rate of the notes for a holder who elects to convert its notes in connection with such a corporate event or convert its notes called (or deemed called) for redemption during the related redemption period, as the case may be. GameStop may not redeem the notes prior to June 20, 2029. GameStop may redeem for cash all or any portion of the notes (subject to the partial redemption limitation described below), at its option, on or after June 20, 2029, if the last reported sale price of the Class A common stock has been at least 130% of the conversion price for the notes then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which GameStop provides notice of redemption at a redemption price equal to 100% of the principal amount of the notes to be redeemed, plus accrued and unpaid special interest to, but excluding, the redemption date. If GameStop redeems less than all of the outstanding notes, at least $100 million aggregate principal amount of notes must be outstanding and not subject to redemption as of the relevant redemption notice date. No sinking fund is provided for the notes. Noteholders will have the right to require GameStop to repurchase their notes on December 15, 2028, at a repurchase price equal to 100% of the principal amount of the notes to be repurchased, plus accrued and unpaid special and additional interest, if any, to, but excluding, the repurchase date. In addition, if GameStop undergoes a "fundamental change" (as defined in the indenture that will govern the notes), then, subject to certain conditions and limited exceptions, holders of the notes may require GameStop to repurchase for cash all or any portion of their notes at a repurchase price equal to 100% of the principal amount of the notes to be repurchased, plus accrued and unpaid special interest to, but excluding, the fundamental change repurchase date. Neither the notes, nor any shares of Class A common stock issuable upon conversion of the notes, if any, have been, or will be, registered under the Securities Act or any state securities laws, and unless so registered, may not be offered or sold in the United States, or to, or for the account or benefit of, U.S. Persons, absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and other applicable securities laws. This press release is neither an offer to sell nor a solicitation of an offer to buy any securities, nor shall it constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. There can be no assurances that the offering of the notes will be completed as described herein or at all. Cautionary Statement Regarding Forward-Looking Statements – Safe Harbor This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements concerning the anticipated completion of the offering and the anticipated use of proceeds from the offering. These forward-looking statements are based on GameStop's current assumptions, expectations and beliefs and are subject to substantial risks, uncertainties, assumptions and changes in circumstances that may cause GameStop's actual results, performance or achievements to differ materially from those expressed or implied in any forward-looking statement. These risks include, but are not limited to market risks, trends and conditions. These and other risks are more fully described in GameStop's filings with the Securities and Exchange Commission ("SEC"), including in the section entitled "Risk Factors" in its Annual Report on Form 10-K for the fiscal year ended February 1, 2025 and its Quarterly Report on Form 10-Q for the fiscal quarter ended May 3, 2025, and other filings and reports that GameStop may file from time to time with the SEC. Forward-looking statements represent GameStop's beliefs and assumptions only as of the date of this press release. GameStop disclaims any obligation to update forward-looking statements. View source version on Contacts GameStop Corp. Investor Relations(817) 424-2001ir@ Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
12-06-2025
- Business
- Yahoo
Massachusetts to cut sales tax from items up to $2,500 during tax-free holiday
CHICOPEE, Mass. (WWLP) – Mark your calendars because August 9th and 10th is when the sales tax will be cut from items under $2,500 in Massachusetts. The tax-free holiday is a time for small business to boost their sales and bring in new customers looking to save money. The increase in sales during the tax-free weekend last year generated $3.54 million in indirect tax revenues due to increased economic activity, according to the Department of Revenue. During this weekend, most retail items of up to $2,500 purchased for personal use will be exempt from a 6.25 percent sales tax. This is a great opportunity for consumers to purchase items as prices on store shelves spike, driven in part by federally imposed tariffs. New trade deal with China in the works Meals Motor vehicles Motorboats Telecommunications services Gas Steam Electricity Tobacco products Marijuana or marijuana products Alcoholic beverages Any single item whose price is more than $2,500 An item of clothing is exempt from the sales tax unless the piece of clothing costs more than $175. For items that cost more than $175, the amount over $175 is only subject to tax. Any item will qualify for the tax exemption if you order and pay for an eligible item over the Internet during the tax-free weekend and during Eastern Daylight Time. No sales tax is due on that purchase, even if the delivery occurs after the sales tax holiday weekend. Layaway sales do not qualify during the tax-free weekend. In Massachusetts, all retailers must take part in the sales tax holiday. If you are taxed in error during the weekend, the business is responsible for giving you a refund of the tax you paid. The Massachusetts law was put into place in 2018, which was sponsored by Senator Adam Gómez (D-Springfield) and Representative Carole A. Fiola (D-Fall River). 'Lowering costs for Massachusetts residents and supporting local businesses is critical for our communities in this time of economic uncertainty,' said Senate President Karen E. Spilka (D-Ashland). 'I'd like to thank Senator Gómez, my colleagues in the Senate and our partners in the House for their work to set this year's sales tax holiday.' 'This year's temporary suspension of the sales tax will bring consumers needed economic relief while boosting revenue for small businesses and retailers,' said House Speaker Ronald J. Mariano (D-Quincy). 'I want to thank Chair Fiola and my colleagues in the House, along with our partners in the Senate, for their annual support for this economic development initiative.' 'The sales tax holiday is a wonderful opportunity for our residents to get out into their communities, support local businesses, get their kids ready for school in fall or make a purchase that they've been putting off,' said Senator Gómez, Senate Chair of the Joint Committee on Community Development and Small Businesses. 'I am glad that our leaders here in the Legislature have been able to work and get this done again for our residents this year, and I look forward to hearing how residents are able to make the most of the tax reprieve.' 'I was proud to sponsor the legislation establishing this year's sales tax holiday that helps boost our economy and provides support and relief for our residents and small businesses,' said Representative Fiola, House Chair of the Joint Committee on Economic Development and Emerging Technologies. 'This is an important weekend that helps bolster our economy and I applaud my colleagues in passing this legislation to provide individuals, families and businesses across the Commonwealth with some relief.' WWLP-22News, an NBC affiliate, began broadcasting in March 1953 to provide local news, network, syndicated, and local programming to western Massachusetts. Watch the 22News Digital Edition weekdays at 4 p.m. on Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Time of India
12-06-2025
- Entertainment
- Time of India
Spy x Family chapter 118 release date and time: When and where to read the popular manga
Spy x Family chapter 118 release date and time: Spy x Family has won over fans across the globe with its unique mix of spy thrills, wholesome family moments, and sharp humour. With 117 chapters released so far, the manga keeps readers engaged with its exciting plot turns and emotional storytelling. If you're one of the many anticipating what lies ahead for Loid, Yor, and Anya, here's all the essential info about Spy x Family chapter 118. Spy x Family chapter 118 release date and time As per the official Shueisha MANGA Plus website, Spy x Family chapter 118 is scheduled for release on Sunday, June 22, 2025, in the majority of countries around the world. Spy x Family chapter 118 release date and time (as per different time zones) Pacific Daylight Time (PDT): 8:00 AM, Sunday, June 22 Eastern Daylight Time (EDT): 11:00 AM, Sunday, June 22 British Summer Time (BST): 4:00 PM, Sunday, June 22 Central European Summer Time (CEST): 5:00 PM, Sunday, June 22 Indian Standard Time (IST): 8:30 PM, Sunday, June 22 Philippine Standard Time (PST): 11:00 PM, Sunday, June 22 Japanese Standard Time (JST): 12:00 AM, Monday, June 23 Australia Central Standard Time (ACST): 12:30 AM, Monday, June 23 Where to read Spy x Family chapter 118? Spy x Family chapter 118 will be accessible for free on VIZ Media's Shonen Jump and Shueisha's MANGA Plus platforms. These services offer free access to the first three and most recent three chapters, but readers need a premium subscription to read the rest of the series. What is Spy x Family about? Spy x Family is a popular Japanese manga created by Tatsuya Endo. The story follows Loid Forger, an elite spy known by the codename Twilight, who is assigned a crucial mission to maintain peace between the rival nations of Westalis and Ostania. To blend in and get closer to his target, he forms a fake family adopting Anya, a young girl with telepathic abilities, and marrying Yor, a seemingly ordinary office worker who is actually a skilled assassin known as the Thorn Princess.
