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NEW YORK — U.S. stocks rose Monday, with those benefiting the most from lower interest rates and a stronger economy leading the way. The Standard & Poor’s 500 climbed 0.3% to pull closer to its all-time high set two weeks ago. The Dow Jones industrial average added 1% to its own record set on Friday, while the Nasdaq composite rose 0.3%. Treasury yields also eased in the bond market amid what some analysts called a “Bessent bounce” after President-elect Donald Trump said he wants Scott Bessent, a hedge fund manager, to be his Treasury secretary. Bessent has argued for reducing the U.S. government’s deficit, which is how much more it spends than it takes in through taxes and other revenue. Such an approach could soothe worries on Wall Street that Trump’s policies may lead to a much bigger deficit, which in turn would put upward pressure on Treasury yields. After climbing above 4.44% immediately after Trump’s election, the yield on the 10-year Treasury fell back to 4.26% Monday, down from 4.41% late Friday. That’s a notable move, and lower yields make it cheaper for all kinds of companies and households to borrow money. They also give a boost to prices for stocks and other investments. That helped stocks of smaller companies lead the way, and the Russell 2000 index of smaller stocks jumped 1.5%. It finished just shy of its all-time high, which was set three years ago. Smaller companies can feel bigger boosts from lower borrowing costs because of the need for many to borrow to grow. The two-year Treasury yield, which more closely tracks the market’s expectations for what the Federal Reserve will do with overnight interest rates, also eased sharply. The Fed began cutting its main interest rate just a couple of months ago from a two-decade high, hoping to keep the job market humming after bringing inflation nearly all the way down to its 2% target. But immediately after Trump’s victory, traders had reduced bets for how many cuts the Fed may deliver next year. They were worried Trump’s preference for lower tax rates and higher spending on the border would balloon the national debt. A report coming Wednesday could influence how much the Fed cuts rates. Economists expect it to show that an underlying inflation trend the Fed prefers to use accelerated to 2.8% last month from 2.7% in September. Higher inflation would make the Fed more reluctant to cut rates as deeply or as quickly as it would otherwise. Goldman Sachs economist David Mericle expects that to slow by the end of next year to 2.4%, but he said inflation would be even lower if not for expected tariff increases on imports from China and autos favored by Trump. In the stock market, Bath & Body Works jumped 16.5% after delivering stronger profit for the latest quarter than analysts expected. The seller of personal care products and home fragrances also raised its financial forecasts for the full year, even though it still sees a “volatile retail environment” and a shorter holiday shopping season this year. Much focus has been on how resilient U.S. shoppers can remain, given high prices across the economy and still-high interest rates. Last week, two major retailers sent mixed messages. Target tumbled after giving a dour forecast for the holiday shopping season. It followed Walmart, which gave a much more encouraging outlook. Another big retailer, Macy’s, said Monday that its sales for the latest quarter were in line with its expectations, but that it will delay the release of its full financial results. It found an employee had intentionally hid up to $154 million in delivery expenses, and it needs more time to complete its investigation. Macy’s stock fell 2.2%. Among the market’s leaders were several companies related to the housing industry. Monday’s drop in Treasury yields could translate into easier mortgage rates, which could spur activity for housing. Builders FirstSource, a supplier or building materials, rose 5.9%. Home builders D.R. Horton, PulteGroup and Lennar all rose at least 5.6%. All told, the S&P 500 rose 18.03 points to 5,987.37. The Dow Jones industrial average jumped 440.06 points to 44,736.57, and the Nasdaq composite gained 51.18 points to 19,054.84. In stock markets abroad, indexes moved modestly across much of Europe after finishing mixed in Asia. In the crypto market, bitcoin was trading below $95,000 after threatening to hit $100,000 late last week for the first time. Choe writes for the Associated Press. AP Business Writer Elaine Kurtenbach contributed to this report.

Stock market today: Asian shares are mixed after Wall Street slips, led by tech giants

NEW ORLEANS (AP) — A 93-year-old former Catholic priest sentenced to life in prison earlier this month for raping a teenage boy has died, Louisiana authorities and his lawyer confirmed Friday. Less than two weeks after being sentenced to spend the rest of his life behind bars, Lawrence Hecker died of natural causes at 3 a.m. Thursday in a Baton Rouge hospital, according to Ken Pastorick, Louisiana Department of Public Safety and Corrections communications director. Hecker had pleaded guilty to charges including first-degree rape and aggravated kidnapping shortly before jury selection for his long-delayed trial had been scheduled to begin earlier this month, with other victims prepared to testify against him. The survivor of the assault to which Hecker pleaded guilty had said that Hecker raped him after offering to instruct him in wrestling moves ahead of tryouts for a school team in the mid-1970s. “The only prayer I can come up with I hope he spends eternity in hell after God's judgment of him,” the survivor said in a written statement provided by his attorney, Richard Trahant. “Now after his death I feel vindicated and free,” he said. The Associated Press does not identify those who say they have been sexually assaulted. Hecker had been transferred to the Elayn Hunt Correctional Center in Louisiana on Monday, Pastorick said. He did not specify when or why Hecker was sent to the hospital. Hecker's trial had been delayed for months partly because of questions around his mental competency. Hecker had suffered from dementia, his lawyer Bobby Hjortsberg said. Hecker had been ordained as an archdiocesan priest in 1958 and remained in this position even after facing an undisputed complaint of child molestation in the late 1980s, according to court records . Hecker left the ministry in 2002. Hecker's conviction occurred amid a wave of sexual abuse allegations against the Catholic church in New Orleans, many resurfacing from decades ago. The fallout has left the Archdiocese of New Orleans embroiled in bankruptcy negotiations. Brook is a corps member for The Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues. Follow Brook on the social platform X: @jack_brook96The NFC’s No. 1 seed will come down to the final week when the Detroit Lions host the Minnesota Vikings. The winner takes the NFC North and gets a first-round playoff bye and home-field advantage until the Super Bowl. The loser becomes the No. 5 seed and must play on the road in the wild-card round. The Vikings (14-2) held on for a 27-25 victory over the Green Bay Packers to set up the high-stakes showdown in Week 18. The Lions (13-2) visit the San Francisco 49ers (6-9) on Monday night in a rematch of the NFC title game. Win, lose or tie, they have to beat the Vikings again. Detroit beat Minnesota 31-29 in Week 7. The Philadelphia Eagles clinched the NFC East and locked up the No. 2 seed with a 41-7 rout of the Dallas Cowboys. However, coach Nick Sirianni has a tough decision to make this week. Saquon Barkley is 101 yards away from breaking Eric Dickerson’s single-season record for yards rushing in a season. Sirianni has to decide whether to rest Barkley and most of his starters to prepare for the playoffs or let his star try for the 40-year-old record. The Los Angeles Rams (10-6) were on the verge of clinching the NFC West. They would lock it up Sunday night if the Commanders beat the Falcons. The outcome of the Atlanta-Washington game has a major impact on the Tampa Bay Buccaneers (9-7). If the Falcons win, they’d remain first in the NFC South and would win the division with a victory against Carolina next week. If the Falcons lose, the Buccaneers would take over first place and would secure the division with a victory over New Orleans next week. The Commanders would secure a wild-card spot with a win against Atlanta. If they lose, Seattle stays mathematically alive for a wild card and the Buccaneers could also find a path to the playoffs as a wild-card team. Three teams in the AFC have already secured their seeds. The two-time defending Super Bowl champion Kansas City Chiefs (15-1) won the AFC West weeks ago and clinched the No. 1 seed. The AFC East champion Buffalo Bills (13-3) are the No. 2 seed. The AFC South champion Houston Texans (9-7) are the No. 4 seed. The Baltimore Ravens (11-5) would win the AFC North and get the No. 3 seed with a win or tie against Cleveland next weekend or a loss or tie by Pittsburgh, which hosts Cincinnati. If they don’t win the division, the Steelers have already clinched a wild-card berth. The Los Angeles Chargers (10-6) also secured a wild-card spot. They’ll be no lower than the sixth seed. The final AFC playoff spot comes down to the Broncos (9-7), Dolphins (8-8) or Bengals (8-8). Denver clinches with a win or tie against the Chiefs. The Dolphins need the Broncos to lose and they must beat the Jets on the road to get in. The Bengals must win and the Broncos and Dolphins have to lose for them to get in. AP NFL: https://apnews.com/hub/NFL

FTC probes Uber over subscription service practices, Bloomberg News reports

NoneVirgo – (23rd August to 22nd September) Daily Horoscope Prediction says, You are a reliable person Resolve the love problems today. Be productive at the office and this will bring in good results. Both wealth and health are also positive throughout the day. Ensure you keep the lover in a good mood today. Despite the challenges at work, you will succeed in meeting the expectations of the management. Both finance and health will give you a good time. Virgo Love Horoscope Today Express the emotions freely and your lover prefers you to stay together. Those who have already tied the knot will be happy to know that your parents will be supporting you with both cash and affection. Lovers who want to get married can present the case at home as your seniors in the family may approve of the relationship. You may get back into an old love affair but married females must avoid this as the spouse will find this to cause serious trouble in the domestic life. Virgo Career Horoscope Today Continue taking up new responsibilities at the office that also paves the way for professional growth. Eschew office politics and also stay in the good book of the management. You will perform the best at client meetings and will also douse the issues that were brooding between the company and the client. Your communication, both oral and written, is crucial in professional life. Students appearing for competitive examinations can expect positive results. Businessmen may consider taking the trade to new territories today. Virgo Money Horoscope Today There will be prosperity in life and it is crucial you handle wealth diligently. Try new options for investment. Some Virgos will be happy to financially help a sibling while you may also donate money to charity. Today is good to buy a vehicle or a new property. You may repay the pending dues and a bank loan will also be approved, which may help traders and businessmen. Virgo Health Horoscope Today No major health issues exist today. However, you need to be careful about minor ailments. Do not miss medications and while traveling, carry a medical box ready. You may experience soreness in your throat. Female Virgos may complain about gynecology-related problems. Senior citizens need to be careful about the season. Virgo Sign Attributes Strength: Kind, Elegant, Perfectionist, Modest, Strong-willed Weakness: Picky, Over-possessive Symbol: Virgin maiden Element: Earth Body Part: Intestine Sign Ruler : Mercury Lucky Day: Wednesday Lucky Color: Gray Lucky Number: 7 Lucky Stone : Sapphire Virgo Sign Compatibility Chart Natural affinity: Taurus, Cancer, Scorpio, Capricorn Good compatibility: Virgo, Pisces Fair compatibility: Aries, Leo, Libra, Aquarius Less compatibility: Gemini, Sagittarius By: Dr. J. N. Pandey Vedic Astrology & Vastu Expert Website: www.astrologerjnpandey.com E-mail: djnpandey@gmail.com Phone: 91-9811107060 (WhatsApp Only)

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Israel launches new strikes on Lebanon as leaders draw closer to ceasefire with Hezbollah

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