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US stocks rose Monday, with the Dow finishing at a fresh record as markets greeted Donald Trump's pick for treasury secretary, while oil prices retreated on hopes for a ceasefire between Israel and Hezbollah. The Dow climbed one percent to a second straight all-time closing high on news of the selection of hedge fund manager Scott Bessent to lead the critical economic policy position. A widely respected figure on Wall Street, Bessent is seen as being in favor of growth and deficit reduction policies and not known overly fond of trade tariffs. The market "breathed a sigh of relief" at Bessent's selection, said Art Hogan from B. Riley Wealth Management. But after an initial surge Monday, the gains in US equities moderated somewhat. While investors are enthusiastic about the possibility of tax cuts and regulatory relief under Trump, "we do have to face the potential for tariffs being a negative as well as a very tight market around immigration, which is not positive for the economy," Hogan said. Earlier, equity gains were limited in Europe as growth concerns returned to the fore with Germany's Thyssenkrupp announcing plans to cut or outsource 11,000 jobs in its languishing steel division. Currently around 27,000 people are employed in the steel division, which has been battered by high production costs and fierce competition from Asian rivals. Elsewhere, crude oil prices fell decisively as Israel's security cabinet prepared to decide whether to accept a ceasefire in its war with Hezbollah, an official said Monday. The United States, the European Union and the United Nations have all pushed in recent days for a truce in the long-running hostilities between Israel and Hezbollah, which flared into all-out war in late September. Speaking on condition of anonymity, an Israeli official told AFP the security cabinet "will decide on Tuesday evening on the ceasefire deal." And bitcoin's push toward $100,000 ran out of steam after coming within a whisker of the mark last week, on hopes that Trump would enact policies to bring the cryptocurrency more into the mainstream. Bitcoin was recently trading under $96,000, having set a record high of $99,728.34 Friday -- the digital currency has soared about 50 percent in value since Trump's election. This week's data includes a reading of consumer confidence and an update of personal consumption prices, a key inflation indicator. Those reporting earnings include Best Buy, Dell and Dick's Sporting Goods. New York - Dow: UP 1.0 percent at 44,736.57 (close) New York - S&P 500: UP 0.3 percent at 5,987.37 (close) New York - Nasdaq: UP 0.3 percent at 19,054.84 (close) London - FTSE 100: UP 0.4 percent at 8,291.68 (close) Paris - CAC 40: FLAT at 7,257.47 (close) Frankfurt - DAX: UP 0.4 percent at 19,405.20 (close) Tokyo - Nikkei 225: UP 1.3 percent at 38,780.14 (close) Hong Kong - Hang Seng Index: DOWN 0.4 percent at 19,150.99 (close) Shanghai - Composite: DOWN 0.1 percent at 3,263.76 (close) Euro/dollar: UP at $1.0495 from $1.0418 on Friday Pound/dollar: UP at $1.2564 from $1.2530 Dollar/yen: DOWN at 154.23 yen from 154.78 yen Euro/pound: UP at 83.51 pence from 83.14 pence West Texas Intermediate: DOWN 3.2 percent at $68.94 per barrel Brent North Sea Crude: DOWN 2.9 percent at $73.01 per barrel bur-jmb/dw
NATO and Ukraine to hold emergency talks after Russia’s attack with new hypersonic missileSeahawks place running back Kenneth Walker III on injured reserveOn Thursday, Wall Street indexes displayed a mixed performance, while U.S. benchmark Treasury yields barely moved after reaching their highest levels in months. This occurred during light trading post-Christmas, as uncertainties around President-elect Donald Trump's policies lifted gold prices, impacting market stability. Despite initial dips, U.S. stocks leveled off, interrupting a 'Santa Claus rally' sentiment. Analyst Peter Cardillo suggested the year-end rally could persist despite temporary setbacks, indicating a cautious anticipation of 2025's economic conditions influenced by geopolitical tensions and monetary adjustments by the Fed. Additional data showed slight deviations in new U.S. employment claims and ongoing claims, reflecting challenges for laid-off workers. Various global markets reacted diversely, with Japan's Nikkei advancing and European markets taking a holiday pause. (With inputs from agencies.)
Sio Silica plans to try again with controversial project in ManitobaBad Bunny will kickoff the new year with a new album, the Grammy-winning singer confirmed Thursday with a video trailer. Dubbed “Debí Tirar Más Fotos” (“I Should’ve Taken More Photos”) the 17-song set will be out on Jan. 5, 2025. The trailer begins with a zoomed out perspective of an isolated home in Puerto Rico. It’s clear that the scene is set in the distant future, as the narrator — an older man who resides inside the home — is reminiscing about his youth, stating things like “I wasn’t the type of person to take photos or upload [Instagram] stories.” The older man, speaking to a much smaller and animated companion named Concho, says that he met a lot of beautiful people and visited a lot of places in his lifetime, but “none were like Puerto Rico.” In this nostalgic state, the man expands on a larger topic about the importance of loving as much as you can in your lifetime. The creature responds, telling him “that’s why I love you so much.” Ending at around a minute, the video closes with a dark screen that reveals the title and release date of the project, or the Puerto Rican star’s ninth studio album. He teased the package on Dec. 25 via X , revealing that the set has 17 songs (he redacted the titles, replacing them with the word “Bomba” or “Explosive”). Along with the trailer, Bad Bunny ‘s YouTube and streaming accounts uploaded another single from the album called “Pitorro De Coco,” named after Puerto Rican rum, also referred to as “moonshine rum.” Before this, Bad Bunny released “ El Clúb ,” which was co-produced by MAG, Saox and La Paciencia. It boasted elements of EDM, but was in the style of plena, an Afro-Caribbean style from Puerto Rico. The album’s rollout so far has maintained elements of nostalgia, or yearning for the past. “El Clúb” was about Bad Bunny missing his ex: “What could my ex be doing? / Haven’t seen her around for a while / Could it be she’s over me and doing fine? While I’m here drunk, wondering,” Bad Bunny raps over fast-paced beats. He has not released much music this year outside of a pair of collaborations with Myke Towers and Rauw Alejandro, and his own “Una Velita ” (“A Candle”), which served as a political message to the island of Puerto Rico on the seven-year anniversary of Hurricane Maria. See Bad Bunny’s video trailer below.Zappify Review (Hidden Details) Read Before Buying
Accused elderly bank robber tells judge he only has social security
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Nebraska Gov. Jim Pillen is expected to remain hospitalized at the Nebraska Medical Center for several more days after undergoing surgery Wednesday to stabilize ribs broken in a horse-riding accident. The Governor's Office issued an update Thursday indicating that the surgery was successful and that Pillen was returned to a step-down unit at the hospital where he will continue his recovery. Pillen broke seven ribs on his left side and suffered injuries to his spleen and kidney as well as a fractured vertebrae in his lower back after being bucked from a new horse while riding with family members Sunday near Columbus. He initially underwent a procedure to stop bleeding around the spleen, which continues to heal, according to a statement from his office. He had had no new problems regarding the injuries to his kidney and lung. Doctors said Monday that the injuries to his kidney and vertebrae were expected to resolve on his own. But after consultation with his doctors, Pillen elected to undergo a rib fixation procedure, a possibility doctors mentioned as an option Monday. Rib fractures can be very painful, make breathing difficult and prevent patients from moving, which can lead to complications. Rib fixation involves stabilizing broken ribs using metal plates. According to the statement, rib fixation is expected to promote stronger long-term healing of the ribs, assist with pain management during the recovery process and reduce the odds of complications. Based on the governor’s health profile and active lifestyle, his doctors considered him an ideal candidate for procedure. Rib fixation is increasingly considered a treatment option for broken ribs, particularly in cases of severe injuries or multiple rib fractures. In recent years, surgeons at the Nebraska Medical Center have been involved in research exploring the procedure's effectiveness in such injuries. The procedure was expected to take approximately four hours. While Pillen was under anesthesia, Lt. Gov. Joe Kelly served as active governor, as is required under the Nebraska Constitution. In a statement before the surgery, the Governor's Office said Pillen remains grateful for the exceptional care he is receiving from the team at Nebraska Medicine and thanked Nebraskans for their outpouring of support to him and his family during this time. He and first lady Suzanne Pillen wished Nebraskans a Merry Christmas and Happy Hanukkah. julie.anderson@owh.com , 402-444-1066, twitter.com/julieanderson41 Stay up-to-date on the latest in local and national government and political topics with our newsletter.
The Tennessee Titans are showing signs of growing tougher. This time, they shook off eight sacks and three turnovers to stave off a third straight losing season for at least another week. The Titans not only scored the game-winning touchdown on a one-play drive in the fourth quarter, they also came up with back-to-back sacks. The second led to a safety, clinching a 32-27 win over the First-year coach Brian Callahan called how the Titans (3-8) responded crucial validation in the NFL where the only grading system is wins and losses. “We finally get a chance against a really good team on the road in the division to show what we’re made of,” said. “This is the team we think we’re capable of being. It’s the team that I’ve believed in all year long.” Running back Tony Pollard says the Titans have learned some important lessons that only come from fighting through adversity. They’ve had lots of that, which can wear out teams this late in the season. “Eventually, they’ll start turning over,” Pollard said. What’s working The offense. The Titans scored a season high in points and topped their game average with 20 points by halftime. Better yet was quarterback Will Levis both starting and finishing his first win of the season. Levis also completed his first 11 passes and connected with seven different receivers. Levis finished with 278 yards passing and threw two touchdown passes. Pollard also ran for 119 yards as the Titans played keep-away, holding the ball for more than 34 minutes. They finished with four plays of 27 yards or longer with Levis responsible for the three longest. What needs help Special teams. Coordinator Colt Anderson has been under pressure, which didn’t ease after the Texans gave up an 80-yard return on the opening kickoff. The Titans then gave up a TD on the first play from scrimmage — and first since the Chargers in Week 7 in 2018. It didn’t get better as rookie Jha’quan Jackson fumbled a punt recovered by Houston near midfield in the third quarter. The Titans allowed only a field goal. But special teams allowed the Texans to average 36.8 yards per kickoff return. Punter Ryan Stonehouse had a net average of 45.2 yards as he made up for a 38-yarder that counts as a shank for him with a 62-yarder early in the fourth to help flip the field. Stock up Tight end Chig Okonkwo. The fourth-round draft pick in 2022 scored a 70-yard catch-and-run touchdown that was the longest catch of his career. That one TD catch had more yards than Okonkwo had managed in any of his previous 44 games. It was enough as the game-winning TD. Stock down Levis completed his first 11 passes. He’s completed 67.9% of his passes in his past three starts with five TD passes with only two interceptions with a 107.2 passer rating. Callahan likes those signs of improvement. “We definitely got to get the sack numbers down. ... We can’t give up eight sacks a game and feel like it’s going to be good enough,” Callahan said. The has to be more aware of pressure to avoid sacks. The Titans offensive line hasn’t helped much, but Levis took a beating, being sacked eight times by Houston. He’s now been sacked 20 times in three straight starts since returning from a sprained AC joint in his right, throwing shoulder. He also had his this season. Injuries The Titans played Houston without starting safety Amari Hooker because of illness. Callahan said they will open the window for CB Chidobe Awuzie to practice in a possible return from injured reserve. Key number 35 — The number of times Levis has been sacked in eight games this season or more than all but three quarterbacks. One of those? Houston’s C.J. Stroud, who was sacked for a safety to clinch Tennessee’s road win. Next steps A road win over the leader and defending champion could provide the confidence boost the Titans needed. They wrap up a two-game road swing by visiting Washington (7-5), which has lost three straight. The Titans play four of the final five inside the AFC South where their faint hope of reaching the postseason lies even as fans root for a high draft pick. ___ AP NFL:
SAN FRANCISCO, Dec. 26, 2024 (GLOBE NEWSWIRE) -- Shares of ASP Isotopes Inc. ASPI have continue their downward spiral falling 16% over the past five days, despite the company having issued a rebuttal to a scathing report from activist short-seller Fuzzy Panda Research . The stock price trades at $4.52 per share, marking a 40% decline since the release of the short seller report late last month. The Fuzzy Panda report, published on November 26, accused ASP Isotopes of misleading investors about the viability of its nuclear fuel technologies. These allegations have not only sent the company's stock spiraling but have also triggered a securities class action lawsuit filed in the U.S. District Court for the Southern District of New York. Hagens Berman urges investors in ASP Isotopes who suffered substantial losses to submit your losses now . Class Period: Oct. 30, 2024 – Nov. 26, 2024 Lead Plaintiff Deadline: Feb. 3, 2025 Visit: www.hbsslaw.com/investor-fraud/aspi Contact the Firm Now: ASPI@hbsslaw.com 844-916-0895 ASP Isotopes Inc. (ASPI) Securities Class Action: The lawsuit claims that ASP Isotopes overstated the effectiveness of its enrichment technologies, including its Aerodynamic Separation Process (ASP) and Quantum Enrichment, and misled investors about the potential of its high-assay low-enriched uranium facility. The Fuzzy Panda report, which alleges that ASPI's technology is "outdated and unlikely to be commercially viable," has further fueled investor concerns. The report contends that the company employs "old, disregarded laser enrichment technology" to falsely portray itself as a cutting-edge player in the nuclear fuel industry. It also claims that former executives of Centrus Energy had deemed ASPI's technology "virtually worthless." Following the release of the report, ASPI's stock price plunged 23% in a single trading day. The events have prompted shareholder rights firm Hagens Berman to investigate potential investor losses. "We are investigating whether ASP Isotopes misled investors about the true potential and viability of its enrichment technologies," said Reed Kathrein, the Hagens Berman partner leading the firm's investigation. If you invested in ASP Isotopes or have knowledge that may assist the firm's investigation, submit your losses now » If you'd like more information and answers to frequently asked questions about the ASP Isotopes case and our investigation, read more » Whistleblowers: Persons with non-public information regarding ASP Isotopes should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email ASPI@hbsslaw.com . About Hagens Berman Hagens Berman is a global plaintiffs' rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman's team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com . Follow the firm for updates and news at @ClassActionLaw . Contact: Reed Kathrein, 844-916-0895 © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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West Ham surprise Newcastle with 2-0 away winBEIJING , Dec. 8, 2024 /PRNewswire/ -- At the end of 2024, we take a look back at the Chinese economy's performance this year. China's domestic GDP grew by 5.3 percent year-on-year in the first quarter, 4.7 percent in the second quarter and 4.6 percent in the third quarter this year, with an average growth rate of 4.8 percent in the first three quarters. Since September, as a package of incremental policies continues to yield its effects, China's economy maintains an upward trend. Overall, we are fully confident in achieving our economic growth goal this year. The country's economic performance has been hard-won. Externally, transformations around the world unseen in a century are unfolding at a greater pace, with global economic growth remaining sluggish, and the complexity, severity and uncertainty of the external environment on the rise. At home, domestic demand is insufficient, social expectations remain weak and there are difficulties associated with structural adjustments. The situation is severe and complex, and the task is difficult and weighty. However, under the strong leadership of the Communist Party of China Central Committee with Comrade Xi Jinping at its core, Chinese localities and government agencies are more confident and are taking solid steps to deliver outcomes. The results underscore that "fundamentals of the Chinese economy, and favorable conditions such as a vast market, strong economic resilience and great potential remain unchanged." Huge market, vast space Markets are the scarcest resource. The modernization achieved by 1.4 billion Chinese people has resulted in the addition of a new super-large market larger than those of all developed countries combined. The new development paradigm will enable China to fully unlock its market potential and create greater demand for other countries. With a new car rolling off production line on November 14 , China's annual production of new energy vehicles (NEVs) surpassed the 10 million milestone, becoming the first country in the world to do so. Behind the number is China's robust supply and demand. In the first 10 months, China's production and sales of NEVs grew by 33 percent and 33.9 percent year-on-year, respectively. China continues to take the lead in the electrification and intelligence transformation of the automotive industry, which is attributed to the supply, policy support and demand advantage in the ultra-large market. Markets bring valuable business opportunities. Take cars for example. By the end of June, China had 345 million cars, but the country's car ownership level per 1,000 residents is less than half of that in developed countries. Additionally, China's NEV ownership is only 24.72 million, which means continuous demand in the future. Markets breed competition advantages. China's vast market contributes to the formation of "economy of scale" and "economy of scope," which generates greater profits for enterprises and reduces innovations costs, and also helps provide a large number of application scenarios and boost the large-scale application of innovations. China leads the world in batteries, motors and electronic control technologies, while its intelligent cockpits and intelligent driving are internationally advanced. Thanks to the benign interactions between supply and demand, the industrialization of new technologies and new products is speeding up. Strong resilience, solid basis Resilience strengthens self-belief. China has come to where it is today after overcoming all kinds of difficulties and challenges. Foreign trade is an important barometer in this regard. In the first 10 months of the year, China's foreign goods trade rose by 5.2 percent year-on-year to reach a new high compared with the same period historically. The improvement in the quality and efficiency of the country's foreign trade against the backdrop of shrinking external demand reflects China's economic resilience. This resilience originates from China's solid manufacturing basis and industrial chain advantages. "We could not do what we do without them," Apple CEO Tim Cook said of Chinese suppliers during his third visit to the Chinese mainland this year, as over 80 percent of Apple's 200 major suppliers have set up factories in China . China has the world's most comprehensive industrial categories and a well-rounded industrial system, with the scale of manufacturing industry ranking top for 14 consecutive years. The high-end, intelligent and green development of the manufacturing sector continues to strengthen the stability of the country's industrial and supply chain. In the first three quarters, the manufacturing industry contributed 32.2 percent to the country's economic growth, up 11.2 percentage points. China moved up to 11th place in the ranking of the world's most innovative economies. The basis is solid, and risks and challenges are not to be feared. Resilience also comes from excellent policy adjustments. The nation has been strengthening counter-cyclical adjustments, accelerating the implementation of major national strategies and the development of securities capabilities in key areas while supporting large-scale equipment upgrades and trade-in policies for consumer goods with robust measures, boosting the stabilization of the property market and galvanizing the capital market. The government has also put forward a package of measures to dissolve local government debt risks. This year, a series of existing policies continue to produce effects and incremental policies are being effectively implemented, jointly helping the economy stabilize. Vast potential, strong momentum China's economy has vast potential and many advantages and favorable conditions for sustaining long-term development momentum. China has been the world's second-largest economy for many years, but still has vast development potential in terms of per capita and structure. China's per capita GDP remains relatively low, and the country's amount of infrastructure per capita is only 20-30 percent of that of developed countries. In 2023, China's urbanization rate, which measures the ratio of permanent urban residents relative to the total population, reached 66.2 percent by the end of 2023. Estimates show that each percentage point increase in the urbanization rate could drive 1 trillion yuan ( $137.55 billion ) in investment. Currently, both China's fiscal deficit ratio and government debt ratio are low, and the country's policy toolbox remains well-stocked. The potential also lies in elementary resources. China's human resources in science and technology ranked first in the country and the average length of education received by new entrants into the workforce has increased to 14 years, turning the demographic dividend into a talent dividend. In addition, overall sufficient social capitals, vast room for the highly efficient use of land and the vast unleashing of the potential of digital elements provide solid foundational support. This potential also comes from the huge market. The country's population of over 1.4 billion and middle-income population of over 400 million support a large-scale, diverse and huge domestic market. Accelerating the building of a unified national market will improve overall economic operation efficiency and continuously unleash the potential of domestic demand. Overall, China is a country with vast territory, a large population and unbalanced and uncoordinated development. This is a shortcoming, but also represents potential and a driving force for future development. Sparking vitality and building synergy through reform is essential to continuously unleashing development potential. From implementing regulations for fair competition reviews, accelerating the legislative process of the law on the promotion of the private economy and formulating normal communication mechanisms between governments and enterprises, to releasing a new national negative list for foreign investment and removing all market access restrictions for foreign investors in the manufacturing sector, China's reforms in key fields continue to deepen this year and high-level opening-up advances in an in-depth way. The third plenary session of the 20th Central Committee of the Communist Party of China adopted the Resolution of the CPC Central Committee on Further Deepening Reform Comprehensively to Advance Chinese Modernization. Driven by reform of the economic system, China is correspondingly boosting reform in other fields, and the internal development momentum and vitality will continue to strengthen. Reviewing allows a clear understanding of the situation and better moving forward. While some major economies experience low growth rates and high inflation this year, China is expected to achieve its economic growth target of around 5 percent, and continue to contribute around 30 percent to world economic growth. This stable performance underlines the fact that China's economy will continue to remain on a positive trajectory over the long run. The story was originally published on the front page of the People's Daily on December 8, 2024 SOURCE Global TimesDow ends at fresh record as oil prices pull back on ceasefire hopes
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