Stocks closed higher on Wall Street, giving the market its fifth gain in a row and notching another record high for the Dow Jones Industrial Average. The S&P 500 rose 0.3% Friday. The Dow added 1%, and the Nasdaq composite tacked on 0.2%. Retailers had some of the biggest gains. Gap soared after reporting quarterly results that easily beat analysts’ estimates. EchoStar fell after DirecTV called off its purchase of that company’s Dish Network unit. European markets closed mostly higher and Asian markets ended mixed. Treasury yields held relatively steady in the bond market. Crude oil prices gained ground. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. Stocks rose on Wall Street in afternoon trading Friday, keeping the market on track for its fifth straight gain. The S&P 500 was up 0.2% and was solidly on track for a weekly gain that will erase most of last week's loss. The Dow Jones Industrial Average climbed 333 points, or 0.8%, and the Nasdaq composite was essentially flat with a gain of less than 0.1% as of 3:07 p.m. Eastern. 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. “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 10.8% after handily beating analysts' third-quarter earnings and revenue expectations, while raising its own revenue forecast for the year. Discount retailer Ross Stores rose 1.5% after raising its earnings forecast for the year. EchoStar fell 2.4% 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 were gaining ground, but those gains were kept in check by slumps for several big technology companies. Nvidia fell 3.3%. 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 5.6%. It gave investors a quarterly earnings forecast that fell short of analysts’ expectations. Facebook owner Meta Platforms fell 0.8% 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. 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. Damian J. Troise And Alex Veiga, The Associated PressMathematics, in a very simple manner if approached means science about truth. However, the decline in its respect amongst the evolving youngsters has different causes. In earlier times, people who tend to study and carry on with Maths were regarded as people with high IQ, so only fewest of the total population would choose to go along with this subject. In the meantime, with the explosion of technology and Artificial Intelligence, this subject secures its rank in every manner, as Mathematics is thought of as the backbone of science. However, current times do not seem to comprehend the need to study Mathematics as a subject, rather it has become a part of engineering courses. Being a Pure Mathematician, it becomes obligatory for me to contribute to the enhancement of Mathematics as a subject or re-attainment of its position in the academic system. Let’s commence from recognising the fields where Mathematics has played crucial role. The ground for the higher mathematics is set by the concept of Sets, Relations and Functions, Linear Algebra and Modern Algebra. Nonetheless, everyday life demands continuous use of basic mathematics as in terms of budgeting, driving, managing time, exercising, cooking, stitching, trading etc. No such an event that doesn’t require mathematics some or the other way. Well, we can celebrate this National Mathematics Day by visualising different shades of math beyond classroom. Let’s first consider the concept of relations, which in maths means how the elements of one set are related to the elements of other set. This concept enables us to understand how the students are associated with their grades, another example being the temperature at different times in a day, a particular group of people and their ages and so on. The next very immediate concept being the subset of a relation itself called as function. Function, also being a relation, but the only difference that function generates exactly one output for one input but contrary to that a relation has many outputs for a single input. To see that in real life, we can consider the human appearances, one person with exactly one unique appearance. Moreover, students in a particular classroom with exactly one identification number, aadhar numbers etc. Next, we study the concept of differentiation which in layman’s language means the rate of change. To further see that in real life we can consider a moving car, where we can see the change of distance with respect to time, the rate of change of speed with respect to time, or change of velocity with respect to time and what not. Similarly, we see the rotation of earth with respect to the sun and the rotation of other planets with respect to sun or earth and among themselves as well. Another most important concept is that of matrices which is used in geology for conducting seismic surveys, in computer sciences for programming 3D games etc. Another prominent application of mathematics (in particular, Number Theory) lies in the field of Cryptography, which involves encryption and decryption of data for security purposes. As by the use of coding and decoding, one can secretly send a message from one place to another without anyone manipulating the same. For example, if we divide english alphabet in two sets, first 13 and later 13. Then join them by a bijective function, so we can write HELLO by URYYB. So that message goes encrypted. This is a very basic way, we have advanced ways as well. This field itself has got many efficient uses for national or international level of confidential communications or transmission of sensitive information. Fibonacci series in mathematics, is a sequence of numbers in which each consecutive number is equal to the sum of the two numbers that come before it. For instance, if you start with the number zero, this is what a Fibonacci series would look like: 0, 1, 1, 2, 3, 5, 8, 13, and so on. The Fibonacci series is famously found in nature–trees, flowers, and other naturally occurring spiral structures grow leaves and petals that follow the sequence. It’s also particularly useful when it comes to cryptology, the study of codes and how to solve them. With modern technology, the Fibonacci series can be used to encrypt sensitive information over the internet for security purposes. The toughest field of mathematics so far known is the Topology, which literally means the study of place, or the study of surfaces. In this field of mathematics, we study how we can transform one object into another without any cut-paste, yet one can mould, stretch, crumple, bend or tear the object with the use of proper transformation (preserving the features of the object, mathematically called as homeomorphism. Thus, for a topologist, a coffee mug and donut (also known as torus) are same, as each of these two objects possess a single hole which is preserved during the transformation (homeomorphism). Such things are mathematically termed as topologically equivalent. One more observation, as being a topologist, we believe in two perspectives of looking at a particular object, one is locally and another globally. Thus, for us, Earth is flat (locally) but round (globally). Another very eminent concept of mathematics is that of metric spaces, which leads to understand the distance between any two points in a space or a set. This metric being a distance measuring function has got direct application in the field of Biology. Since genotypes-phenotypes are of very primary importance in biology, we see how topology is even useful in sequencing the right nucleotides in DNA strand. Genotypes are the internally veiled and inheritable information of a living being while as phenotypes are the physical appearances of that information. Topology solves one most important problem in DNA research. As we know that DNA is composed of four nucleotides: Adenine, Cytosine, Guanine and Thymine. These are arranged in a manner that they resemble a sequence. The sequence of nucleotides on every single chain of DNA decides the sequence of the other chain. The problem found in DNA research is in the comparison of distinct DNA sequences. So using the concept of metric spaces (a special type of topological spaces), we measure the distance between two sequences, where the distance function(metric) gives the intuition towards the nature of evolutionary history of species. Let’s consider x and y to be the two sequences of letters A , C , G and T . To calculate the distance between x and y , we fix the number of operations on x to turn it into y . We can apply three operations that is insertion, deletion and replacement for the sequence say P to turn x into y . In current era, we owe Mathematics a standing ovation for preserving the logic behinds theories. Let’s not underestimate the contribution of maths to all the fields of science and non-science. Dr. Mir Aaliya, Mathematics Faculty in Govt. Degree College, Sopore
Kroger Reiterates Its Commitment to Lower Prices and Initiates New $7.5B Share Buyback ProgramThe SEBI had investigated some suspicious front-running trades related to PNB MetLife India Insurance before this action. New Delhi: Market regulator, the Securities and Exchange Board of India (SEBI) has taken strict action in a front-running case, banning PNB Met Life Insurance Company's equity dealer Sachin Bakul Dagli and eight other entities from the stock market. According to the SEBI, front running was being done by Dagli and eight entities for more than three years and during this period, all of them collectively earned illegal profits of Rs 21.16 crore. The market regulator banned Dagli and the eight entities from the stock market and seized the unlawful gains. The SEBI had investigated some suspicious front-running trades related to PNB MetLife India Insurance before this action. The focus of this investigation was to find out whether the suspicious entities were doing front running in the trade of PNB MetLife India Insurance with the help of other people, including dealers and fund managers. It also sought to find whether SEBI rules have been violated or not. The investigation, which was conducted from January 1, 2021, to July 19, 2024, revealed that most of the trading decisions at PNB MetLife were assigned to Dagli for execution. The investigation found that Dagli, the equity dealer of PNB MetLife, and his brother Tejas Dagli, an equity sales trader at Investec, obtained confidential, non-public information about the upcoming trading decisions of PNB MetLife and Investec. This information was further used to make trading decisions and shared with Sandeep Shambharkar, who executed front-running trades through the accounts of Dhanmata Realty Private Ltd (DRPL), Worthy Distributors Private Ltd (WDPL), and Pragnesh Sanghvi. DRPL and WDPL Directors Arpan Kirtikumar Shah, Kabita Saha, and Jignesh Nikulbhai Dabhi were also involved in carrying out this task. The SEBI said that 6,766 front-running trades have been executed. A profit of Rs 21,15,78,005 was earned from this. Front-running is an illegal practice, entailing a trader or broker receiving confidential information about a large company or institution making a bulk order in a particular stock and creating a position in that particular stock before the big order is executed. In such a situation, when the order is executed by a big company or institution, the trader or broker gets the benefit of the sudden rise in that stock. Stay informed on all the latest news , real-time breaking news updates, and follow all the important headlines in india news and world News on Zee News.Police in Mansfield are investigating after several mailboxes were found damaged early Sunday morning. The Mansfield Police Department said the incident occurred around 1 a.m. Sunday and damaged mailboxes were found along a portion of East Street east of Route 106, including Mill Street, Squire Avenue and Ephraim Drive. Police said footage captured by one of the victims showed a person swinging an object and destroying a mailbox after getting out of a vehicle. "Video from one victim shows a wannabe Juan Soto working on his off-season swing after getting out of and destroying the mailbox," police said in a social media post. The cause of the destroyed mailboxes remains under investigation and police said they encourage anyone with a destroyed mailbox to get in contact with them.
New high-tech cameras on Perth roads ‘not revenue-raisers’, safety tsar saysNFL will consider replay assist for facemask penalties and other plays
A wild first season of the expanded Big 12 is down to what should be a chaotic final weekend. Through all the upsets, unexpected rises and falls, there are nine teams still in the mix to play in the conference championship game. No. 14 Arizona State and No. 17 Iowa State have the best odds, yet a multitude of scenarios could play out — 256 to be exact. There's even the possibility of an eight-team tie. It may take a mathematician to figure out which teams are in the Dec. 7 game in Arlington, Texas — even for the ones who win. Travis Hunter, Colorado. The Buffaloes' two-way star has excelled on both sides of the field, making him one of the favorites to win the Heisman Trophy. Cam Skattebo, Arizona State. The senior running back can do a little of everything, but excels at punishing would-be tacklers. He's one of the nation's leaders in yards after contact and the focal point of the Sun Devils' offense. Shadeur Sanders, Colorado. If it weren't for Hunter, Sanders might be the Heisman favorite. The son of coach Deion Sanders, Shedeur is fifth nationally with 3,488 yards passing and has been a big part of the Buffaloes' turnaround. DJ Giddens, Kansas State. The Wildcats' running back is one of the nation's most versatile players. He is ninth nationally with 1,271 rushing yards and has added 21 receptions for 258 yards. Tetairoa McMillan, Arizona. The Wildcats have struggled this season, but McMillan has not. He is third nationally with 1,251 receiving yards with seven touchdowns on 78 catches. Jacob Rodriguez, Texas Tech. The Red Raiders' junior linebacker leads the Big 12 with 68 tackles, averaging 10.2 per game. He also has four sacks. Brendan Mott, Kansas State. He's a menace to opposing quarterbacks, leading the Big 12 with 8 1/2 sacks. The Big 12 has nine teams already bowl eligible and two more a win away. The winner of the Big 12 championship game will be in the mix for a College Football Playoff spot. Arizona State, Iowa State, No. 19 BYU, Colorado, Kansas State, Baylor, TCU, Texas Tech and West Virginia have already clinched bowl berths. Kansas and Cincinnati can get into the postseason with wins this weekend. Gus Malzahn, UCF. Despite successes in recruiting, the Knights are 10-14 in two seasons since moving to the Big 12. Maybe not enough to get shown the door this year, but another mediocre season could lead UCF to make a change. Kyle Whittingham, Utah. Whittingham was one of the Pac-12's best coaches, leading the Utes to consecutive conference titles. Utah was expected to contend for the Big 12 title its first year in the league, but enters the final weekend 1-7 in conference play, which could push Whittingham toward retirement since it's doubtful he'd be fired. Neal Brown, West Virginia. The Mountaineers' coach was in a precarious spot at the end of last season and West Virginia hasn't lived up to expectations this season. The Mountaineers are eligible to go to a bowl game for the second straight season, but Brown could be on the hot seat even after signing a contract extension before the season. Josiah Trotter, West Virginia. The redshirt freshman is the latest Trotter to have success at the linebacker position, following the footsteps of his father, former Philadelphia Eagles player Jeremiah Trotter, and brother Jeremiah Trotter Jr., a current Eagles linebacker. Sam Leavitt, Arizona State. The Michigan State transfer has been just what the Sun Devils' needed: an agile quarterback who extends plays with his legs and rarely makes bad decisions. Bryson Washington, Baylor. The Bears' running back has rushed for 812 yards — 196 against TCU — and 10 TDs. TCU has the Big 12's highest rated 2025 recruiting class with six four-star players among 26 commitments, according to the 247 Sports composite. Receiver Terry Shelton of Carrollton, Texas, is the highest-rated recruit at 71st nationally. Baylor is next with five five-star players among its 20 commitments, including running back Michael Turner, rated 13th at his position out of North Richland Hills, Texas. Texas Tech is ranked seventh in the Big 12, but has four four-star recruits. Get local news delivered to your inbox!Get essential daily news for Fort Worth area Sign up to receive insightful, in-depth local stories today. 📩 The news that Dickies is packing up their work clothes and leaving Fort Worth for California is a case of man-bites-dog — which is to say, big news. And Fort Worth Mayor Mattie Parker believes the company, now owned by VF Corp., is making a big mistake. According to Build Remote , 171 companies moved to Texas from 2020 to early 2024, with 54% of those companies coming from California. “It’s unfortunate that when the Willliamson family sold Dickies to a corporate holding company, those things happen,” Parker told a meeting of the Society of Commercial Realtors on Dec. 4. VF Corp. purchased Dickies in 2017 and the parent company has since hit on hard times. It is moving the headquarters to the campus of another company it owns, Vans, in Costa Mesa, California. “Corporate relocations happen all the time and it won’t surprise you to learn that, as mayor, I think they’re making a huge mistake,” she said. “I think they’re going to lick their wounds and return eventually.” Parker said she told VF Corp.’s CEO that they were the only company in America moving from Texas to California. Get essential daily news for the Fort Worth area. Sign up for insightful, in-depth stories — completely free. About 120 employees will be impacted by the move, which will see Dickies’ manufacturing and warehouse operations remain in the area. Parker said the city is planning to show its support for Dickies employees who are handed pink slips. “We’re working with our economic development group on really creative ways to make sure they feel supported,” she said. “I want them to know that Fort Worth acknowledges them and that we’re proud of them, right? They’ve been a part of our community, literally, the fabric of Fort Worth, for quite some time and we want to make sure that they feel supported.” Despite the Dickies news, Parker noted there was a big economic development agreement coming before the City Council on Dec. 10 and that Fort Worth was winning many of the economic deals out there. “I’m proud to tell you that we’re winning in really big ways,” she said. “We’re being really proactive, not reactive, and we’re intentional about the type of companies we want to be in the city of Fort Worth.” Entrepreneur, car collector, wild shirt fan and real estate investor Ron Sturgeon has found a new headquarters in north Fort Worth. Sturgeon, who had headquartered in Haltom City for four decades, couldn’t come to a deal with city officials there, he said. Instead, he’s landed at McMillan Center, a three-building, 137,083-square-foot complex with 16,073 square feet of covered dock space on 9.9 acres at 2550 McMillan Parkway in Fort Worth, which became available when the seller agreed to flip the project after a few months of ownership. The rail-served site is best known as the former Coors distribution center, which has frontage on North Freeway and unobstructed visibility from Interstate 35. Bradford Commercial Real Estate represented Sturgeon in the off-market acquisition. Start to finish, the deal went full circle within three months. The sellers were Gyant Coors LLC, Gyant Josh Road LLC, and Gyant V LLC, which were represented by Todd Hawpe of Transwestern. Other parts of the property are up for lease. EECU, the second-largest credit union in Dallas-Fort Worth, has opened its newest financial center. Located at The Shops at Chisholm Trail Ranch in Fort Worth, this location is EECU’s 19th financial center in the area. The 1,200-square-foot space includes personal teller machines in both the drive-thru and lobby. The machines can provide typical transactions, such as deposits and withdrawals, and also offer the option to video chat with an EECU financial adviser for live assistance. Mountain Mike’s Pizza, a family-style pizza chain for 45 years, has opened in Keller. The new restaurant marks the brand’s ninth location in Texas, with nearly 40 more in the pipeline for the Lone Star State. The restaurant is owned and operated by Southlake resident and experienced franchisee Paul Sandhu, who has plans for two additional Mountain Mike’s restaurants in the Dallas-Fort Worth area. The new Keller Mountain Mike’s is located at 1521 Keller Parkway. Looking for a top city for young entrepreneurs? You don’t have to look far. SEO experts Search Logistics investigated the 50 most populated U.S. cities to identify the best locations for young entrepreneurs. This was determined by analyzing co-working affordability, wage data, internet infrastructure, tax data, cost of living and personal income. The city that was revealed as the best for young entrepreneurs was Jacksonville, Florida, with an overall index score of 70.91 out of 100. Jacksonville was followed by Tampa, Indianapolis, then Baltimore. And fifth? Fort Worth. According to the company, Fort Worth was among several cities that offered the lowest minimum wage of $7.25. The other Texas cities on the list were Houston at No. 6 and San Antonio at No. 8. Do you have something for the Bob on Business column? Email Bob Francis at bob.francis@fortworthreport.org. Bob Francis is business editor for the Fort Worth Report. Contact him at bob.francis@fortworthreport.org. At the Fort Worth Report, news decisions are made independently of our board members and financial supporters. Read more about our editorial independence policy here . Related Fort Worth Report is certified by the Journalism Trust Initiative for adhering to standards for ethical journalism . Republish This Story Republishing is free for noncommercial entities. Commercial entities are prohibited without a licensing agreement. Contact us for details. This work is licensed under a Creative Commons Attribution-NoDerivatives 4.0 International License . Look for the "Republish This Story" button underneath each story. To republish online, simply click the button, copy the html code and paste into your Content Management System (CMS). Do not copy stories straight from the front-end of our web-site. You are required to follow the guidelines and use the republication tool when you share our content. The republication tool generates the appropriate html code. You can’t edit our stories, except to reflect relative changes in time, location and editorial style. You can’t sell or syndicate our stories. Any web site our stories appear on must include a contact for your organization. If you use our stories in any other medium — for example, newsletters or other email campaigns — you must make it clear that the stories are from the Fort Worth Report. In all emails, link directly to the story at fortworthreport.org and not to your website. If you share our stories on social media, please tag us in your posts using @FortWorthReport on Facebook and @FortWorthReport on Twitter. You have to credit Fort Worth Report. Please use “Author Name, Fort Worth Report” in the byline. If you’re not able to add the byline, please include a line at the top of the story that reads: “This story was originally published by Fort Worth Report” and include our website, fortworthreport.org . You can’t edit our stories, except to reflect relative changes in time, location and editorial style. Our stories may appear on pages with ads, but not ads specifically sold against our stories. You can’t sell or syndicate our stories. You can only publish select stories individually — not as a collection. Any web site our stories appear on must include a contact for your organization. If you share our stories on social media, please tag us in your posts using @FortWorthReport on Facebook and @FortWorthReport on Twitter. by Bob Francis, Fort Worth Report December 8, 2024
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