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Saudi Arabia’s stock market ended higher on Sunday as investors raised their bets on the prospect of a U.S. interest rate cut this month after U.S. payrolls data showed strong job growth in November, although the Qatari index retreated. Nonfarm payrolls increased by 227,000 jobs last month after increasing by an upwardly revised 36,000 in October, in a month hit by hurricanes and strikes. Economists polled by Reuters had forecast payrolls accelerating by 200,000 jobs. Traders now see an 87% chance of a 25-basis-point cut at the Federal Reserve’s December meeting, versus a 72% chance before the payrolls data. UAE stocks mixed as investors eye US payrolls data The Fed’s decisions significantly impact the Gulf region’s monetary policy, as most currencies in the region, including Saudi Arabia’s, are pegged to the U.S. dollar. Saudi Arabia’s benchmark index edged 0.2% higher, helped by a 2.3% rise in aluminium products manufacturer Al Taiseer Group. The country’s economy grew 2.8% in the third quarter from the same period a year earlier, supported by an increase in non-oil activity, government data showed on Sunday. In Qatar, the index eased 0.3%, hit by a 1.9% fall in the Gulf’s biggest lender Qatar National Bank. Meanwhile, Qatar - the world’s largest liquefied natural gas (LNG) producer - has no concerns about U.S. President-elect Donald Trump’s promise to lift a cap on LNG exports, Qatar’s Energy Minister Saad al-Kaabi said on Saturday, adding his country would cope with any competition. Outside the Gulf, Egypt’s blue-chip index gained 0.7%, led by a 4.9% jump in Telecom Egypt. Inflation in Egypt is forecast to have eased to 26.4% in November as food prices cooled, according to a poll released on Sunday. SAUDI ARABIA rose 0.2% to 11,955 QATAR gained 0.7% to 10,118 EGYPT up 0.7% to 31,061 BAHRAIN eased 0.1% to 2,036 OMAN fell 0.5% to 4,548 KUWAIT dropped 0.2% to 7,792

Welling scores 21 as Utah Valley takes down West Georgia 77-74NEW YORK (AP) — Police don't know who he is, where he is, or why he did it. As the frustrating search for UnitedHealthcare CEO Brian Thompson’s killer got underway for a fifth day Sunday, investigators reckoned with a tantalizing contradiction: They have troves of evidence, but the shooter remains an enigma. One conclusion they are confident of, however: It was a targeted attack , not a random one. They know he ambushed Thompson at 6:44 a.m. Wednesday as the executive arrived at the Hilton for his company’s annual investor conference, using a 9 mm pistol that resembled the guns farmers use to put down animals without causing a loud noise. They know ammunition found near Thompson’s body bore the words “delay,” “deny” and “depose,” mimicking a phrase used by insurance industry critics . The fact that the shooter knew UnitedHealthcare group was holding a conference at the hotel and what route Thompson might take to get there suggested that he could possibly be a disgruntled employee or client, NYPD Chief of Detectives Joseph Kenny said. Over the weekend, police divers were seen searching a pond in Central Park, where the killer fled after the shooting. Officers have been scouring the park for days for any possible clues and found his backpack there Friday. They didn’t immediately reveal what, if anything, it contained but said it would be tested and analyzed. Early Sunday afternoon, police declined to comment on the contents of the backpack, or on the results of the search in the pond, saying no updates were planned. The bag’s apparent manufacturer did not immediately respond to questions from The Associated Press. Investigators have urged patience, saying the process of logging evidence that stands up in court isn’t as quick as it looks like on TV . Hundreds of detectives are combing through video recordings and social media, vetting tips from the public and interviewing people who might have information, including Thompson’s family and coworkers and the shooter’s randomly assigned roommates at the Manhattan hostel where he stayed. Investigators caught a break when they came across security camera images of an unguarded moment at the hostel in which he briefly showed his face. Retracing the gunman’s steps using surveillance video, police say, it appears he left the city by bus soon after the shooting outside the New York Hilton Midtown. He was seen on video at an uptown bus station about 45 minutes later, Kenny said. With the high-profile search expanding across state lines, the FBI announced late Friday that it was offering a $50,000 reward for information leading to an arrest and conviction, adding to a reward of up to $10,000 that the NYPD has offered. Police say they believe the suspect acted alone. Police distributed the images to news outlets and on social media but so far haven’t been able to ID him using facial recognition — possibly because of the angle of the images or limitations on how the NYPD is allowed to use that technology, Kenny said. Late Saturday, police released two additional photos of the suspected shooter that appeared to be from a camera mounted inside a taxi. The first shows him outside the vehicle and the second shows him looking through the partition between the back seat and the front of the cab. In both, his face is partially obscured by a blue, medical-style mask.

Facebook Twitter WhatsApp SMS Email Print Copy article link Save NEW YORK (AP) — U.S. stocks rose to 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 0.6% to top the all-time high it set a couple weeks ago. The Dow Jones Industrial Average added 123 points, or 0.3%, to its own record set the day before, while the Nasdaq composite gained 0.6% as Microsoft and Big Tech led the way. People are also reading... 2 bucks illegally killed with crossbow in Corvallis The real reason Corvallis' Pastega Lights moved to Linn County Commentary: Gulbranson shows he should be starter in thrilling win over Cougars Head-on crash on Highway 228 kills 1, injures 2 Linn County deputy resigns during menacing case Tree farm fiasco has Corvallis homelessness under microscope More allegations against ex-OSU coach Corvallis homes in on layout options for a new government center Corvallis man gets prison for armed robbery case How is the OSU grad strike impacting students? UPDATED: Feds halt drawdown at Green Peter Reservoir after local cities complain OSU women's basketball: Ferreira brings versatility to the Beavers' lineup OSU football: Game notes for the Beavers' win over Washington State Margaret Atwood OSU event altered over threats OSU football: Preview and prediction for regular-season finale against Boise State Stock markets abroad mostly fell after President-elect Trump said he plans to impose sweeping new tariffs on Mexico, Canada and China once he takes office. But the movements were mostly modest. Stock indexes were down 0.1% in Shanghai and nearly flat in Hong Kong, while Canada’s main index edged down by less than 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. The consequences otherwise for markets and the global economy could be painful. 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. And unlike tariffs in Trump’s first term, his latest proposal would affect products across the board. General Motors sank 9%, 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 3.3%. The value of the Mexican peso fell 1.8% against the U.S. dollar. 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 for the job market . While lower interest rates can boost the economy, 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. The talk about tariffs overshadowed another mixed set of 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 imposed by the Fed to get inflation under control. 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. Kohl’s tumbled 17% 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 4.9% 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%. Still, more stocks rose in the S&P 500 than fell. J.M. Smucker had one of the biggest gains and climbed 5.7% 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 3.2% for Amazon and 2.2% for Microsoft were the two strongest forces lifting the S&P 500. All told, the S&P 500 rose 34.26 points to 6,021.63. The Dow gained 123.74 to 44,860.31, and the Nasdaq composite climbed 119.46 to 19,174.30. In the bond market, Treasury yields held relatively steady 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 inched up to 4.29% 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 $91,000, 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. Stay up-to-date on the latest in local and national government and political topics with our newsletter.Syrian government services come to a 'complete halt' as state workers stay home

Donald Trump described his recent meeting with Canadian Prime Minister Justin Trudeau at his Mar-a-Lago estate in Florida as “very productive.” The two leaders discussed a range of critical issues, including fentanyl, illegal immigration, and trade. Trump shared his thoughts on his social media platform, Truth Social, stating that they had addressed several “important topics.” Trudeau, who was in Florida to discuss trade matters, called their conversation “excellent” but declined to answer questions from the press. Trudeau’s visit comes amid rising tensions over Trump’s threat to impose a 25% tariff on Canadian goods once he takes office. Sources confirmed that Trudeau traveled to West Palm Beach, with Canadian media reporting that he arrived at Palm Beach International Airport the evening before. The two leaders had already spoken over the phone earlier in the week, after Trump’s announcement that tariffs could be levied on products from both Mexico and Canada. Focus on the Drug Crisis Much of Trump’s statement following the meeting focused on the escalating drug crisis, which he attributed to fentanyl and drug cartels. He stressed that the United States would no longer remain passive in the face of what he called the “scourge of this Drug Epidemic.” Trump emphasized that fentanyl was mainly coming from China and reaffirmed the importance of addressing the issue with Canada’s cooperation. “Prime Minister Trudeau has made a commitment to work with us to end this terrible devastation,” Trump wrote on his social media platform. Trudeau’s visit to Mar-a-Lago also involved a dinner with Trump, alongside key figures from both countries, including Trump’s nominee for commerce secretary, Howard Lutnick, and Canada’s public safety minister, Dominic LeBlanc. Reports suggest that Trudeau was the first G7 leader to meet with Trump after the election, marking a significant diplomatic step. Trudeau’s trip is viewed as part of Canada’s effort to persuade the incoming Trump administration to reconsider its tariff threat. While analysts speculate whether the tariffs will be imposed, there is widespread concern in Canada, particularly among industry leaders. Trudeau has stated that such tariffs would not only harm Canada but also raise costs for American consumers and hurt the U.S. economy. “When Trump makes statements like that, he plans on carrying them out,” Trudeau noted on Friday, pointing to the need for continued negotiations to avoid economic damage. Canada’s “Team Canada” Approach Trudeau, backed by provincial leaders, is committed to presenting a unified “Team Canada” approach to mitigate the impact of the tariffs. Canadian provinces, including key oil and automotive industries, have voiced concerns about the potential harm from such levies. This visit follows an emergency meeting Trudeau held with provincial leaders to discuss the evolving situation and prepare a collective response. Although the trade and tariff threats dominate the talks, border security remains an important focus. While the number of migrant apprehensions at the US-Canada border is significantly lower than at the southern border, both sides have acknowledged the need for continued cooperation to strengthen border security. With shared supply chains and a close economic relationship, the US-Canada dialogue remains a pivotal area of focus as Trump prepares to take office in January. Read More : Trump’s Return: GOP Plans Aggressive Policy Agenda For First 100 Days

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