Zaire Williams, Zavier Fitch combine for 45 points to help Wagner beat Penn State-Scranton 120-30NEW YORK (AP) — U.S. stocks closed at more records after Donald Trump’s latest talk about tariffs created only some ripples on Wall Street. The S&P 500 rose 0.6% to reach another all-time high. The Dow Jones Industrial Average added 0.3% to its own record set the day before, while the Nasdaq composite rose 0.6% as Big Tech stocks helped lead the way. Stock markets abroad saw mostly modest losses, after President-elect Trump said he plans to impose sweeping tariffs on Mexico, Canada and China as soon as he takes office. U.S. automakers and other companies that could be hurt particularly by such tariffs fell. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. NEW 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.
The Salvation Army in Prince Albert is searching for some volunteers this holiday season to help ring those bells for the organization’s annual Christmas Kettle Campaign. The fundraiser kicked off this past week across the country and is one of Canada’s largest and most recognizable annual charitable events. Major Ed Dean with the Salvation Army said the work is easy and is a great way to give back. “Bell ringing is quite easy, it’s standing for two hours at one of our Christmas Kettles. We have 800 kettle shifts to fill this year and the more shifts we fill, the better we will do with our campaign. Every hour that somebody is on a kettle, it makes a huge difference in what we can do in our community throughout the year.” The money raised helps the organization pay for toys for children and funds their community feeding program, where they serve over 50,000 meals per year to vulnerable men, women and children, or to anyone who is hungry in Prince Albert. “As you know, food is not getting cheaper,” said Dean. “These dollars are needed to help cover that cost. The need is still there, we’re serving 150-200 people five times a week at the Salvation Army.” Across Canada in 2023, the organization served 3.2 million meals that fed families with children, employed people whose low wages don’t cover basic living essentials, individuals on social assistance, and Canadians living on a fixed income, which includes seniors and people with disabilities. Dean said the initiatives rely on volunteers to keep running. “It’s all done with volunteers, they’re doing all the cooking and the cleaning. And so now, if we could have some other volunteers step up and say ‘You know what, I could give two hours to my community’ because it’s neighbours helping neighbours.” Christmas Kettles will be set up at businesses around the city, including at Safeway, Walmart, Real Canadian Superstore, Wholesale Club, Save-On-Foods, Co-op Food Store, and the Co-op Liquor Store on 2nd Ave. Additionally, the Salvation Army will have one at A&W, but the kettle itself will be different from the rest as it’s, what Dean calls, a “tip tap kettle”. “It’s a kettle with a tap machine, like an electronic kettle, and it’s set up in $10 increments, so they can tap their card at that location and they’re giving to the Salvation Army,” he explained, noting the changing times. “That’s the challenging piece when you don’t carry cash anymore, electronic is the way to go.” Like in previous years, kettles collecting change will have QR codes attached to them to allow shoppers to scan them to donate online. Those who wish to volunteer at one of the many Christmas Kettles around Prince Albert can call the Salvation Army office at (306) 763-6078. From there, they can dial the bell ringer extension attached to the phone number. “We would love to have groups or children singing. There’s lots of different ways they could have some fun, maybe they’ll meet some people they haven’t seen over the year,” said Dean. Christmas kettles are taking donations from 10:00 a.m. to 8:00 p.m. five days a week from Tuesday to Saturday. The final day of the Campaign will be on Christmas Eve. “Every hour that someone is on a kettle, it could mean a difference in $100.” — loganc.lehmann@pattisonmedia.comAP Sports SummaryBrief at 4:56 p.m. ESTNone
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Ransomware attack on software supplier disrupts operations for Starbucks and other retailersAP Sports SummaryBrief at 4:56 p.m. ESTAdcetera's creative partnership with Roborock sends the S8 MaxV Ultra into space HOUSTON , Dec. 23, 2024 /PRNewswire/ -- Adcetera, a Houston -based digital marketing agency, announces the launch of a historic video campaign in partnership with Roborock , one of the world's leading robot vacuum brands. The campaign, centered around the theme "Beyond Limits," culminated in the Roborock S8 MaxV Ultra being launched 120,000 feet above the Earth, making it the first robot vacuum in space. When Roborock began searching for an agency to develop a video campaign around their hashtag, #BeyondLimits, Adcetera's creatives stepped in to develop a narrative that could bring those two words to life. The resulting social media campaign features three scientists frustrated by outdated cleaning tools. Their solution? Invent the Roborock S8 MaxV Ultra. After putting the vacuum through a series of "Beyond Limits" tests, the scientists take it one step further and launch it into space. The collaboration included partnering with Sent into Space, a UK-based company specializing in sending objects into the upper stratosphere. On September 17, 2024 , the Roborock S8 MaxV Ultra successfully launched from Sheffield, UK , reaching 120,000 feet above Earth and enduring extreme temperatures, thus proving the product's endurance and innovation. The project involved building a unique laboratory set, sourcing talent and hundreds of props, a post-production that included multiple special effects, and coordinating an international space launch — all executed with precision to ensure the project stayed on schedule, within budget, and within scope. Stella Lin , Marketing Specialist at Roborock, praised the collaboration: "It was a pleasure collaborating with Adcetera on these projects. I believe they not only demonstrate Roborock's exceptional product quality and groundbreaking achievements, but also serve as a strong testament to Adcetera's professional expertise." To date, the video series has collectively garnered tens of millions of views across Facebook, Instagram, and YouTube. "We're proud of how our team turned a larger-than-life idea — an idea that felt almost impossible — into reality," said Adcetera's Chief Creative Officer Rowan Gearon . "We're pushing creative boundaries just like Roborock pushes the limits of technology." About Adcetera Adcetera is a full-service, integrated digital marketing agency with an obsession to deliver innovative solutions that drive growth for brands. Headquartered in Houston, TX , with offices in Chicago, IL and The Woodlands, TX , they are a distinctively diverse team of innovators, creators, and leaders from around the world, deeply proud of the award-winning work and the ongoing value provided to brands, businesses, and communities for over 40+ years. Adcetera is a privately held, WBENC-certified, HUB-certified, woman-owned business. For more information visit adcetera.com . Follow on LinkedIn . Adcetera – Strategic. Creative. People. About Roborock Roborock is a leading smart cleaning brand renowned for its intelligent cleaning solutions. With a steadfast dedication to becoming a global leading smart appliance player, Roborock enriches lives with its innovative line of robotic, cordless, wet/dry vacuum cleaners, and washer-dryers. Rooted in a user-centric approach, our R&D-driven solutions cater to diverse cleaning needs in over 15 million homes across 170+ countries. Headquartered in Beijing and with strategic subsidiaries in key markets, including the United States , Japan , the Netherlands , Poland , Germany , and South Korea , Roborock is dedicated to elevating its market presence worldwide. For more information, visit https://global.roborock.com/. View original content to download multimedia: https://www.prnewswire.com/news-releases/roborock-makes-history-with-out-of-this-world-video-campaign-302338415.html SOURCE ADCETERA
SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Nutanix Inc. (NTNX) on Tuesday reported fiscal first-quarter earnings of $29.9 million. On a per-share basis, the San Jose, California-based company said it had profit of 10 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to 42 cents per share. The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share. The enterprise cloud platform services provider posted revenue of $591 million in the period, which also beat Street forecasts. Thirteen analysts surveyed by Zacks expected $571.7 million. For the current quarter ending in January, Nutanix said it expects revenue in the range of $635 million to $645 million. The company expects full-year revenue in the range of $2.44 billion to $2.47 billion. This story was generated by Automated Insights ( http://automatedinsights.com/ap ) using data from Zacks Investment Research. Access a Zacks stock report on NTNX at https://www.zacks.com/ap/NTNXSame glitz and glamour for the Las Vegas Grand Prix, and perhaps another Verstappen championship
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