Biden administration to loan $6.6B to EV maker Rivian to build Georgia factory that automaker pausedDana Bash Talks 2024 Election at Main Line Reform TempleBOSTON, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Madam Sew, a leading provider of innovative sewing tools and accessories, has been named the top sewing tools store for 2024 by Expert Consumers, a trusted resource for product reviews and industry insights. Known for its commitment to quality, user-focused designs, and extensive educational resources, Madam Sew has earned high praise from sewing enthusiasts and industry experts alike. Best Sewing Tools Store Madam Sew - combines tools, education, and community to serve the sewing community Since its founding in 2017, Madam Sew has set itself apart with a carefully curated range of tools and sewing supplies designed to enhance precision, efficiency, and creativity for hobbyists and professionals. The recognition by Expert Consumers highlights the brand's dedication to serving a wide range of skill levels, from beginners exploring the craft to seasoned sewers refining advanced techniques. Innovative Tools Designed with Users in Mind Expert Consumers commended Madam Sew for its focus on usability and functionality. Standout products such as Ultimate Presser Foot Set and Hot Hem Ruler for Sewing , both of which showcase the brand's attention to detail in creating tools that simplify complex tasks and elevate project results. The Ultimate Presser Foot Set consists of 32 essential presser feet for any sewing machine. Meanwhile, the Hot Hem Rule for Sewing is a versatile, heat-resistant tool perfect for accurate hemming, folding, and pleating. Other top-rated sewing tools include the Heat Erasable Fabric Marking Pens , praised for their precision and ease of use, and the Sew Bright LED Strip , which enhances visibility and reduces eye strain during long sewing sessions. These innovative solutions have solidified Madam Sew's reputation as a trusted source for high-quality sewing tools. Education and Community Engagement Beyond its product offerings, Madam Sew was recognized for its significant contributions to the sewing community through educational resources and community engagement. The brand provides a wealth of free tutorials, blog posts , a Youtube Channel , and video guides that make sewing techniques accessible to all. Moreover, Madam Sew's active presence on social media platforms, including a dedicated Facebook group , fosters a supportive community where sewing enthusiasts exchange tips, share projects, and inspire one another. This combination of tools, resources, and community support reflects the company's commitment to enriching the sewing experience. A Customer-Centric Approach Expert Consumers also highlighted Madam Sew's customer-focused approach, which includes detailed instructions with every product to ensure users can maximize their benefits. This dedication to customer satisfaction, coupled with a deep understanding of the needs of sewing enthusiasts, has made Madam Sew a standout choice in the industry. As sewing continues to gain popularity as a creative and practical pursuit, Madam Sew remains at the forefront of providing sewing tools and resources that empower enthusiasts to bring their visions to life. For the full review and detailed insights, visit the Expert Consumers website . About Expert Consumers: Expert Consumers provides news and reviews of consumer products and services. As an affiliate, Expert Consumers may earn commissions from sales generated using links provided. Contact: Drew Thomas ( press@expertconsumers.org ) © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Innovid (NYSE:CTV) Cut to “Market Perform” at JMP Securities
Tennessee 32, Houston 27
Virtual Data Room Expansion: From USD 1.7B in 2022 to USD 7.57B by 2031, at 18.2%. 11-26-2024 08:41 PM CET | IT, New Media & Software Press release from: SkyQuest Technology Group Virtual Data Room Market Scope: Key Insights : Virtual Data Room Market size was valued at USD 1.7 billion in 2022 and is poised to grow from USD 2.1 billion in 2023 to USD 7.57 billion by 2031, growing at a CAGR of 18.2% during the forecast period (2024-2031). Discover Your Competitive Edge with a Free Sample Report : https://www.skyquestt.com/sample-request/virtual-data-room-market Access the full 2024 Market report for a comprehensive understanding @ https://www.skyquestt.com/report/virtual-data-room-market In-Depth Exploration of the global Virtual Data Room Market: This report offers a thorough exploration of the global Virtual Data Room market, presenting a wealth of data that has been meticulously researched and analyzed. It identifies and examines the crucial market drivers, including pricing strategies, competitive landscapes, market dynamics, and regional growth trends. By outlining how these factors impact overall market performance, the report provides invaluable insights for stakeholders looking to navigate this complex terrain. Additionally, it features comprehensive profiles of leading market players, detailing essential metrics such as production capabilities, revenue streams, market value, volume, market share, and anticipated growth rates. This report serves as a vital resource for businesses seeking to make informed decisions in a rapidly evolving market. Trends and Insights Leading to Growth Opportunities The best insights for investment decisions stem from understanding major market trends, which simplify the decision-making process for potential investors. The research strives to discover multiple growth opportunities that readers can evaluate and potentially capitalize on, armed with all relevant data. Through a comprehensive assessment of important growth factors, including pricing, production, profit margins, and the value chain, market growth can be more accurately forecast for the upcoming years. Top Firms Evaluated in the Global Virtual Data Room Market Research Report: SS&C Technologies Box Datasite Thomson Reuters Donnelley Financial Solutions Microsoft Google Ansarada PandaDoc Egnyte iDeals SmartRoom Key Aspects of the Report: Market Summary: The report includes an overview of products/services, emphasizing the global Virtual Data Room market's overall size. It provides a summary of the segmentation analysis, focusing on product/service types, applications, and regional categories, along with revenue and sales forecasts. Competitive Analysis: This segment presents information on market trends and conditions, analyzing various manufacturers. It includes data regarding average prices, as well as revenue and sales distributions for individual players in the market. Business Profiles: This chapter provides a thorough examination of the financial and strategic data for leading players in the global Virtual Data Room market, covering product/service descriptions, portfolios, geographic reach, and revenue divisions. Sales Analysis by Region: This section provides data on market performance, detailing revenue, sales, and market share across regions. It also includes projections for sales growth rates and pricing strategies for each regional market, such as: North America: United States, Canada, and Mexico Europe: Germany, France, UK, Russia, and Italy Asia-Pacific: China, Japan, Korea, India, and Southeast Asia South America: Brazil, Argentina, Colombia, etc. Middle East and Africa: Saudi Arabia, UAE, Egypt, Nigeria, and South Africa This in-depth research study has the capability to tackle a range of significant questions that are pivotal for understanding the market dynamics, and it specifically aims to answer the following key inquiries: How big could the global Virtual Data Room market become by the end of the forecast period? Let's explore the exciting possibilities! Will the current market leader in the global Virtual Data Room segment continue to hold its ground, or is change on the horizon? Which regions are poised to experience the most explosive growth in the Virtual Data Room market? Discover where the future opportunities lie! Is there a particular player that stands out as the dominant force in the global Virtual Data Room market? Let's find out who's leading the charge! What are the key factors driving growth and the challenges holding back the global Virtual Data Room market? Join us as we uncover the forces at play! To establish the important thing traits, Ask Our Experts @ https://www.skyquestt.com/speak-with-analyst/virtual-data-room-market Table of Contents Chapter 1 Industry Overview 1.1 Definition 1.2 Assumptions 1.3 Research Scope 1.4 Market Analysis by Regions 1.5 Market Size Analysis from 2023 to 2030 11.6 COVID-19 Outbreak: Medical Computer Cart Industry Impact Chapter 2 Competition by Types, Applications, and Top Regions and Countries 2.1 Market (Volume and Value) by Type 2.3 Market (Volume and Value) by Regions Chapter 3 Production Market Analysis 3.1 Worldwide Production Market Analysis 3.2 Regional Production Market Analysis Chapter 4 Medical Computer Cart Sales, Consumption, Export, Import by Regions (2023-2023) Chapter 5 North America Market Analysis Chapter 6 East Asia Market Analysis Chapter 7 Europe Market Analysis Chapter 8 South Asia Market Analysis Chapter 9 Southeast Asia Market Analysis Chapter 10 Middle East Market Analysis Chapter 11 Africa Market Analysis Chapter 12 Oceania Market Analysis Chapter 13 Latin America Market Analysis Chapter 14 Company Profiles and Key Figures in Medical Computer Cart Business Chapter 15 Market Forecast (2023-2030) Chapter 16 Conclusions Address: 1 Apache Way, Westford, Massachusetts 01886 Phone: USA (+1) 351-333-4748 Email: sales@skyquestt.com About Us: SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally. This release was published on openPR.Reports: Oklahoma QB Jackson Arnold entering transfer portalMan City crisis continues as Feyenoord come from three down to draw
Biden pledges £472m for rail project to improve access to Africa’s minerals
President Joe Biden pledged another 600 million US dollars (£472 million) on Wednesday for an ambitious multi-country rail project in Africa as one of the final foreign policy moves of his administration. Mr Biden told African leaders the resource-rich continent of more than 1.4 billion people had been “left behind for much too long”. “But not anymore,” Mr Biden added. “Africa is the future.” Mr Biden used the third and final day of a visit to Angola – his long-awaited, first trip to sub-Saharan Africa as president – to travel to the coastal city of Lobito and tour an Atlantic port terminal that’s part of the Lobito Corridor railway redevelopment. Mr Biden described it as the largest US investment in a train project outside America. The US and allies are investing heavily in the project that will refurbish nearly 1,200 miles of train lines connecting to the mineral-rich areas of Congo and Zambia in central Africa. The corridor, which likely will take years to complete, gives the US better access to cobalt, copper and other critical minerals in Congo and Zambia that are used in batteries for electric vehicles, electronic devices and clean energy technologies that Mr Biden said would power the future. China is dominant in mining in Congo and Zambia. The US investment has strategic implications for US-China economic competition, which went up a notch this week as they traded blows over access to key materials and technologies. The African leaders who met with Mr Biden on Wednesday said the railway corridor offered their countries a much faster route for minerals and goods – and a convenient outlet to Western markets. “This is a project that is full of hope for our countries and our region,” said Congo President Felix Tshisekedi, whose country has more than 70% of the word’s cobalt. “This is not just a logistical project. It is a driving force for economic and social transformation for millions of our people.” The leaders said the corridor should spur private-sector investment and improve a myriad of related areas like roads, communication networks, agriculture and clean energy technologies. For the African countries, it could create a wave of new jobs for a burgeoning young population. Cargo that once took 45 days to get to the US – usually involving trucks via South Africa – would now take around 45 hours, Mr Biden said. He predicted the project could transform the region from a food importer to exporter. It’s “something that if done right will outlast all of us and keep delivering for our people for generations to come,” he said. The announcement of an additional $600 million took the U.S.’s investment in the Lobito Corridor to 4.0 billion dollars (£3.15 billion).Oklahoma sophomore quarterback Jackson Arnold will enter the transfer portal, according to multiple reports on Wednesday. A five-star recruit in 2023 out of Denton, Texas, Arnold began this season as the starter, lost his spot and later regained it as the Sooners went 6-6. Monday is the first day that underclassmen can transfer during the winter portal window. Arnold completed 154 of 246 passes (62.6 percent) for 1,421 yards, 12 touchdowns and three interceptions in 10 games. He also ran the ball 150 times for 444 yards and three TDs, including 25 attempts for 131 yards in the Sooners' 24-3 win over Alabama on Nov. 23. As a freshman last season playing behind Dillon Gabriel, Arnold appeared in seven games and was 44 of 69 (63.8 percent) for 563 yards, four TDs and three picks. A former Gatorade Texas Player of the Year, Arnold started for Oklahoma in the Alamo Bowl last December, when the Sooners lost 38-24 to Arizona. He was QB1 for the 2024 campaign, but three early turnovers caused him to be pulled in a 25-15 defeat to Tennessee on Sept. 21 and replaced by true freshman Michael Hawkins Jr. Arnold came off the bench to replace Hawkins in a 35-9 loss to South Carolina on Oct. 19, and head coach Brent Venables afterward fired offensive coordinator Seth Littrell. Co-offensive coordinator Joe Jon Finley became the interim play-caller. Venables filled the position permanently on Monday by hiring Washington State OC Ben Arbuckle, who could bring Cougars QB John Mateer with him to Norman, Okla. --Field Level Media
Share this Story : Ottawa police release photo of suspect in Riverside Drive shooting Copy Link Email X Reddit Pinterest LinkedIn Tumblr Breadcrumb Trail Links News Local News Ottawa police release photo of suspect in Riverside Drive shooting One person was injured in the shooting at about 9:55 p.m. on Dec. 3. Author of the article: Staff Reporter Published Dec 06, 2024 • Last updated 34 minutes ago • 1 minute read Join the conversation You can save this article by registering for free here . Or sign-in if you have an account. The Ottawa Police Service Guns and Gangs Unit issued this composite image of Ibrahim Abdullahi, 23, who is wanted in connection with the investigation into a shooting on Dec. 3. Photo by Ottawa Police Service / Handout Article content The Ottawa Police Service on Friday released a photo of a man it was seeking to locate in connection with the investigation into a shooting that injured one person on Dec. 3. Article content Article content Ibrahim Abdullahi, 23, of Ottawa, was described as a Black man standing six feet four inches (193 centimetres) tall with a very thin build and black, wavy/puffy hair. He was last seek waring a black puffy jacket, a purple hoodie, black pants and black sneakers, a news release said. Advertisement 2 Story continues below This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Elizabeth Payne, David Pugliese, Andrew Duffy, Bruce Deachman and others. Plus, food reviews and event listings in the weekly newsletter, Ottawa, Out of Office. Unlimited online access to Ottawa Citizen and 15 news sites with one account. Ottawa Citizen ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword. Support local journalism. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Elizabeth Payne, David Pugliese, Andrew Duffy, Bruce Deachman and others. Plus, food reviews and event listings in the weekly newsletter, Ottawa, Out of Office. Unlimited online access to Ottawa Citizen and 15 news sites with one account. Ottawa Citizen ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword. Support local journalism. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Sign In or Create an Account Email Address Continue or View more offers If you are a Home delivery print subscriber, online access is included in your subscription. Activate your Online Access Now Article content The shooting occurred at a home in the 2800 block of Riverside Drive at about 9:55 p.m. on Dec. 3, police said, leaving one person with serious, but non-life-threatening injuries. Abdullahi should be considered “armed and dangerous,” police said. Anyone who sees Abdullahi or has information on his whereabouts was asked to contact the Ottawa Police Service Guns and Gangs Unit at 613-236-1222, extension 5050. Anonymous tips can be submitted to Crime Stoppers toll-free at 1-800-222-8477 (TIPS) or online at crimestoppers.ca. Article content Share this article in your social network Share this Story : Ottawa police release photo of suspect in Riverside Drive shooting Copy Link Email X Reddit Pinterest LinkedIn Tumblr Comments You must be logged in to join the discussion or read more comments. Create an Account Sign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. Trending Brady Tkachuk to New York Rangers rumour is 'Total bulls--t' and 'garbage' Ottawa Senators Pure Kitchen shuts doors on Rideau Street location Local Business Ottawa's Trillium Line LRT to open Jan. 6 Local News Ottawa police release photo of suspect in Riverside Drive shooting News Ottawa police begin criminal investigation into alleged kickback-for-rent scheme News Read Next Latest National Stories Featured Local SavingsMore than half of the Finnish players who have suited up for an NHL game this season secured an invite to the 4 Nations Face-Off. It’s true! The 23-man roster, announced Wednesday, was curated from an available pool of just 45. They are the underdogs of the Feb. 12 to 20 tournament, as noted by goaltender Ukko-Pekka Luukkonen , who attached an important qualifier to that statement: “But there’s some firepower, too.” Advertisement Yes, but even with 100-point man Mikko Rantanen and Stanley Cup-winning captain Aleksander Barkov and the stirring return of sniper Patrik Laine , the Finns pose a threat to the bigger names from bigger nations not because of their own growing star power. It’s because they know exactly who they are. Finns have been outpunching their weight at major international hockey tournaments for a couple of decades now. In the process, they’ve developed a unifying identity that gets passed from team to team no matter which names are stitched onto the backs of the Lions sweaters. “In general, a Finnish player is a good team player,” said head coach Antti Pennanen. Following what he described as a “long process” to finalize the 4 Nations roster with a management staff led by general manager Jere Lehtinen — “lots of meetings,” said Pennanen — the coach sketched out a vision for the team that could have been ripped directly out of the playbook of any of his predecessors. “We have to have good defense,” Pennanen said. “I mean overall good defense, not just D-men. ... We know that we don’t have too many (defensemen) who are playing in the NHL, but still we have a good back end. Strong and big, and they are able to play against top forwards. “I think we have a chance and are able to be a committed team.” In other words, the path they see through the USA, Canada and Sweden is paved through suffocation rather than trying to fight strength with strength. They will devise a patient game plan and expect even their most talented forwards to stick to structure. They will lean on a blue line built with players ranging from 6-foot-2 ( Miro Heiskanen , Olli Määttä ) to 6-foot-7 ( Jani Hakanpää ). And they will place faith in three goaltenders who are all filling No. 1 roles in the NHL so far this season: Juuse Saros of the Nashville Predators , Kevin Lankinen of the Vancouver Canucks and Luukkonen of the Buffalo Sabres . Advertisement “I would say it’s pretty solid throughout the lineup,” defenseman Rasmus Ristolainen of the Philadelphia Flyers said. “A lot of skill. A lot of speed. And then just good goaltending. I really think it’s a strong group of guys, and I can’t wait to get started.” The Finns will need to score too, of course, and Laine’s selection can largely be chalked up to that need. He’s only played one NHL game in the calendar year 2024 after entering the NHL/NHLPA Player Assistance Program last season and then suffering a knee sprain during training camp with the Montreal Canadiens in September. However, Laine possesses a shot few in the world can match. He flashed it Tuesday while scoring in his Canadiens debut against the New York Islanders with a lethal wrister. What that can mean for the Finnish power play, in particular, helped earn him a spot on the roster despite the extended layoff. “We know Laine, what he’s capable (of doing),” Lehtinen said. “Power play, what he can do there. And of course in a short tournament, the special teams are going to be a big part of that. “Overall, there’s two months before the tournament starts so there’s a lot of games before then. I think it’s enough time to get him in a good game shape and playing well there.” The Finns will find comfort in being able to roll out some of the best two-way centers in the world. That group is led by Barkov, a two-time Selke Trophy winner, and includes Sebastian Aho of the Carolina Hurricanes and Roope Hintz of the Dallas Stars . Anton Lundell , the potential fourth-line center, is one of four members of this Finnish team who won a Stanley Cup alongside Barkov with Florida earlier this year and should be a notable depth contributor to look out for. “We have lots of good leaders and characters,” Pennanen said. “(That playoff experience brings) big value,” Lehtinen said. “You have a few who won and who have been in tough situations through their careers. It’s a quick tournament. You have to be ready right away and play good hockey if you want to succeed there.” GO DEEPER Finland announces roster for 4 Nations: Snubs, surprises and expectations (Photo of Aleksander Barkov and Anton Lundell: Jason Mowry / Getty Images)
Castle Hill fire remains too difficult to containNEW YORK (AP) — U.S. stocks are rising toward records Tuesday after Donald Trump’s latest talk about tariffs created only some ripples on Wall Street, even if they could roil the global economy were they to take effect. The S&P 500 climbed 0.5% and was on track to top its all-time high set a couple weeks ago. The Dow Jones Industrial Average added 81 points, or 0.2%, to its own record set the day before, while the Nasdaq composite was 0.5% higher, with less than an hour remaining in trading. Stock markets abroad were down, but mostly only modestly, after President-elect Trump said he plans to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office. Stock indexes were down 0.1% in Shanghai and nearly flat in Hong Kong, while Canada's main index edged down by just 0.1%. Trump has often praised the use of tariffs , but investors are weighing whether his latest threat will actually become policy or is just an opening point for negotiations. For now, the market seems to be taking it more as the latter. Unless the United States can prepare alternatives for the autos, energy products and other goods that come from Mexico, Canada and China, such tariffs would raise the price of imported items all at once and make households poorer, according to Carl Weinberg and Rubeela Farooqi, economists at High Frequency Economics. They would also hurt profit margins for U.S. companies, while raising the threat of retaliatory tariffs by other countries. General Motors sank 8.2%, and Ford Motor fell 2.6% because both import automobiles from Mexico. Constellation Brands, which sells Modelo and other Mexican beer brands in the United States, dropped 3.9%. Beyond the pain such tariffs would cause U.S. households and businesses, they could also push the Federal Reserve to slow or even halt its cuts to interest rates. The Fed had just begun easing its main interest rate from a two-decade high a couple months ago to offer support to the job market . While lower interest rates can boost the overall economy and prices for investments, they can also offer more fuel for inflation. “Many” officials at the Fed's last meeting earlier this month said they should lower rates gradually, according to minutes of the meeting released Tuesday afternoon. Unlike tariffs in Trump's first term, his proposal from Monday night would affect products across the board. Trump’s tariff talk came almost immediately after U.S. stocks rose Monday amid excitement about his pick for Treasury secretary, Scott Bessent. The hope was the hedge-fund manager could steer Trump away from policies that balloon the U.S. government deficit, which is how much more it spends than it takes in through taxes and other revenue. The talk about tariffs overshadowed another set of mixed profit reports from U.S. retailers that answered few questions about how much more shoppers can keep spending. They’ll need to stay resilient after helping the economy avoid a recession, despite the high interest rates instituted by the Fed to get inflation under control. Kohl’s tumbled 17.6% after its results for the latest quarter fell short of analysts’ expectations. CEO Tom Kingsbury said sales remain soft for apparel and footwear. A day earlier, Kingsbury said he plans to step down as CEO in January. Ashley Buchanan, CEO of Michaels and a retail veteran, will replace him. Best Buy fell 4.7% after likewise falling short of analysts’ expectations. Dick’s Sporting Goods topped forecasts for the latest quarter thanks to a strong back-to-school season, but its stock lost an early gain to fall 1.4%. A report on Tuesday from the Conference Board said confidence among U.S. consumers improved in November, but not by as much as economists expected. J.M. Smucker jumped 5.4% for one of the biggest gains in the S&P 500 after topping analysts' expectations for the latest quarter. CEO Mark Smucker credited strength for its Uncrustables, Meow Mix, Café Bustelo and Jif brands. Big Tech stocks also helped prop up U.S. indexes. Gains of 2.8% for Amazon and 2% for Microsoft were the two strongest forces lifting the S&P 500. In the bond market, Treasury yields rose following their big drop from a day before driven by relief following Trump’s pick for Treasury secretary. The yield on the 10-year Treasury climbed to 4.30% from 4.28% late Monday, but it’s still well below the 4.41% level where it ended last week. In the crypto market, bitcoin continued to pull back after topping $99,000 for the first time late last week. It's since dipped back toward $91,600, according to CoinDesk. It’s a sharp turnaround from the bonanza that initially took over the crypto market following Trump’s election. That boom had also appeared to have spilled into some corners of the stock market. Strategists at Barclays Capital pointed to stocks of unprofitable companies, along with other areas that can be caught up in bursts of optimism by smaller-pocketed “retail” investors. AP Business Writer Elaine Kurtenbach contributed. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. Get the latest local business news delivered FREE to your inbox weekly.
Stocks closed higher on Wall Street as the market posted its fifth straight gain and the Dow Jones Industrial Average notched another record high. The S&P 500 rose 0.3%. The benchmark index’s 1.7% gain for the week erased most of its loss from last week. The Dow rose 1% as it nudged past its most recent high set last week, and the Nasdaq composite rose 0.2%. Markets have been volatile over the last few weeks, losing ground in the runup to elections in November, then surging following Donald Trump’s victory, before falling again. The S&P 500 has been steadily rising throughout this week to within close range of its record. It’s now within about 0.5% of its all-time high set last week. “Overall, market behavior has normalized following an intense few weeks,” said Mark Hackett, chief of investment research at Nationwide, in a statement. Several retailers jumped after giving Wall Street encouraging financial updates. Gap soared 12.8% after handily beating analysts’ third-quarter earnings and revenue expectations, while raising its own revenue forecast for the year. Discount retailer Ross Stores rose 2.2% after raising its earnings forecast for the year. EchoStar fell 2.8% after DirecTV called off its purchase of that company’s Dish Network unit. Smaller company stocks had some of the biggest gains. The Russell 2000 index rose 1.8%. A majority of stocks in the S&P 500 gained ground, but those gains were kept in check by slumps for several big technology companies. Nvidia fell 3.2%. Its pricey valuation makes it among the heaviest influences on whether the broader market gains or loses ground. The company has grown into a nearly $3.6 trillion behemoth because of demand for its chips used in artificial-intelligence technology. Intuit, which makes TurboTax and other accounting software, fell 5.7%. It gave investors a quarterly earnings forecast that fell short of analysts’ expectations. Facebook owner Meta Platforms fell 0.7% following a decision by the Supreme Court to allow a multibillion-dollar class action investors’ lawsuit to proceed against the company. It stems from the privacy scandal involving the Cambridge Analytica political consulting firm. All told, the S&P 500 rose 20.63 points to 5,969.34. The Dow climbed 426.16 points to 44,296.51, and the Nasdaq picked up 42.65 points to close at 2,406.67. European markets closed mostly higher and Asian markets ended mixed. Crude oil prices rose. Treasury yields held relatively steady in the bond market. The yield on the 10-year Treasury fell to 4.41% from 4.42% late Thursday. In the crypto market, bitcoin hovered around $99,000, according to CoinDesk. It has more than doubled this year and first surpassed the $99,000 level on Thursday. Retailers remained a big focus for investors this week amid close scrutiny on consumer spending habits headed into the holiday shopping season. Walmart, the nation’s largest retailer, reported a quarter of strong sales and gave investors an encouraging financial forecast. Target, though, reported weaker earnings than analysts’ expected and its forecast disappointed Wall Street. Consumer spending has fueled economic growth, despite a persistent squeeze from inflation and high borrowing costs. Inflation has been easing and the Federal Reserve has started trimming its benchmark interest rates. That is likely to help relieve pressure on consumers, but any major shift in spending could prompt the Fed to reassess its path ahead on interest rates. Also, any big reversals on the rate of inflation could curtail spending. Consumer sentiment remains strong, according to the University of Michigan’s consumer sentiment index. It revised its latest figure for November to 71.8 from an initial reading of 73 earlier this month, though economists expected a slight increase. It’s still up from 70.5 in October. The survey also showed that consumers’ inflation expectations for the year ahead fell slightly to 2.6%, which is the lowest reading since December of 2020. Wall Street will get another update on how consumers feel when the business group The Conference Board releases its monthly consumer confidence survey on Tuesday. A key inflation update will come on Wednesday when the U.S. releases its October personal consumption expenditures index. The PCE is the Fed’s preferred measure of inflation and this will be the last PCE reading prior to the central bank’s meeting in December.
Reports: Oklahoma QB Jackson Arnold entering transfer portalNEW YORK (AP) — U.S. stocks are rising toward records Tuesday after Donald Trump’s latest talk about tariffs created only some ripples on Wall Street, even if they could roil the global economy were they to take effect. The S&P 500 climbed 0.5% and was on track to top its all-time high set a couple weeks ago. The Dow Jones Industrial Average added 81 points, or 0.2%, to its own record set the day before, while the Nasdaq composite was 0.5% higher, with less than an hour remaining in trading. Stock markets abroad were down, but mostly only modestly, after President-elect Trump said he plans to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office. Stock indexes were down 0.1% in Shanghai and nearly flat in Hong Kong, while Canada's main index edged down by just 0.1%. Trump has often praised the use of tariffs , but investors are weighing whether his latest threat will actually become policy or is just an opening point for negotiations. For now, the market seems to be taking it more as the latter. Unless the United States can prepare alternatives for the autos, energy products and other goods that come from Mexico, Canada and China, such tariffs would raise the price of imported items all at once and make households poorer, according to Carl Weinberg and Rubeela Farooqi, economists at High Frequency Economics. They would also hurt profit margins for U.S. companies, while raising the threat of retaliatory tariffs by other countries. General Motors sank 8.2%, and Ford Motor fell 2.6% because both import automobiles from Mexico. Constellation Brands, which sells Modelo and other Mexican beer brands in the United States, dropped 3.9%. Beyond the pain such tariffs would cause U.S. households and businesses, they could also push the Federal Reserve to slow or even halt its cuts to interest rates. The Fed had just begun easing its main interest rate from a two-decade high a couple months ago to offer support to the job market . While lower interest rates can boost the overall economy and prices for investments, they can also offer more fuel for inflation. “Many” officials at the Fed's last meeting earlier this month said they should lower rates gradually, according to minutes of the meeting released Tuesday afternoon. Unlike tariffs in Trump's first term, his proposal from Monday night would affect products across the board. Trump’s tariff talk came almost immediately after U.S. stocks rose Monday amid excitement about his pick for Treasury secretary, Scott Bessent. The hope was the hedge-fund manager could steer Trump away from policies that balloon the U.S. government deficit, which is how much more it spends than it takes in through taxes and other revenue. The talk about tariffs overshadowed another set of mixed profit reports from U.S. retailers that answered few questions about how much more shoppers can keep spending. They’ll need to stay resilient after helping the economy avoid a recession, despite the high interest rates instituted by the Fed to get inflation under control. Kohl’s tumbled 17.6% after its results for the latest quarter fell short of analysts’ expectations. CEO Tom Kingsbury said sales remain soft for apparel and footwear. A day earlier, Kingsbury said he plans to step down as CEO in January. Ashley Buchanan, CEO of Michaels and a retail veteran, will replace him. Best Buy fell 4.7% after likewise falling short of analysts’ expectations. Dick’s Sporting Goods topped forecasts for the latest quarter thanks to a strong back-to-school season, but its stock lost an early gain to fall 1.4%. A report on Tuesday from the Conference Board said confidence among U.S. consumers improved in November, but not by as much as economists expected. J.M. Smucker jumped 5.4% for one of the biggest gains in the S&P 500 after topping analysts' expectations for the latest quarter. CEO Mark Smucker credited strength for its Uncrustables, Meow Mix, Café Bustelo and Jif brands. Big Tech stocks also helped prop up U.S. indexes. Gains of 2.8% for Amazon and 2% for Microsoft were the two strongest forces lifting the S&P 500. In the bond market, Treasury yields rose following their big drop from a day before driven by relief following Trump’s pick for Treasury secretary. The yield on the 10-year Treasury climbed to 4.30% from 4.28% late Monday, but it’s still well below the 4.41% level where it ended last week. In the crypto market, bitcoin continued to pull back after topping $99,000 for the first time late last week. It's since dipped back toward $91,600, according to CoinDesk. It’s a sharp turnaround from the bonanza that initially took over the crypto market following Trump’s election. That boom had also appeared to have spilled into some corners of the stock market. Strategists at Barclays Capital pointed to stocks of unprofitable companies, along with other areas that can be caught up in bursts of optimism by smaller-pocketed “retail” investors. AP Business Writer Elaine Kurtenbach contributed. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. Get the latest local business news delivered FREE to your inbox weekly.
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