NoneAP Business SummaryBrief at 1:35 p.m. EST
Sandy Hill apartment building evacuated for high levels of carbon monoxide
Stocks shook off a choppy start to finish higher Monday, as Wall Street kicked off a holiday-shortened week. The S&P 500 ended 0.7% higher after having been down 0.5% in the early going. The Dow Jones Industrial Average also recovered from an early slide to eke out a 0.2% gain. The tech-heavy Nasdaq composite rose 1%. Gains in technology and communications stocks accounted for much of the gains, outweighing losses in consumer goods companies and elsewhere in the market. Semiconductor giant Nvidia, whose enormous valuation gives it an outsize influence on indexes, rose 3.7%. Broadcom climbed 5.5% to also help support the broader market. Walmart fell 2% and PepsiCo slid 1%. Japanese automakers Honda and Nissan said they are talking about combining in a deal that might also include Mitsubishi Motors. U.S.-listed shares in Honda jumped 12.7%, while Nissan ended flat. Eli Lilly rose 3.7% after announcing that regulators approved Zepbound as the first and only prescription medicine for adults with sleep apnea. Department store Nordstrom fell 1.5% after it agreed to be taken private by Nordstrom family members and a Mexican retail group in a $6.25 billion deal. All told, the S&P 500 rose 43.22 points to 5,974.07. The Dow gained 66.69 points to 42,906.95. The Nasdaq rose 192.29 points to 19,764.89. Traders got a look at a new snapshot of U.S. consumer confidence Monday. The Conference Board said that consumer confidence slipped in December. Its consumer confidence index fell back to 104.7 from 112.8 in November. Wall Street was expecting a reading of 113.8. The unexpectedly weak consumer confidence update follows several generally strong economic reports last week. One report showed the overall economy grew at a 3.1% annualized rate during the summer, faster than earlier thought. The latest report on unemployment benefit applications showed that the job market remains solid. A report on Friday said a measure of inflation the Federal Reserve likes to use was slightly lower last month than economists expected. Worries about inflation edging higher again had been weighing on Wall Street and the Fed. The central bank just delivered its third cut to interest rates this year, but inflation has been hovering stubbornly above its target of 2%. It has signaled that it could deliver fewer cuts to interest rates next year than it earlier anticipated because of concerns over inflation. Expectations for more interest rate cuts have helped drive a roughly 25% gain for the S&P 500 in 2024. That drive included 57 all-time highs this year. Inflation concerns have added to uncertainties heading into 2025, which include the labor market's path ahead and shifting economic policies under an incoming President Donald Trump. "Put simply, much of the strong market performance prior to last week was driven by expectations that a best-case scenario was the base case for 2025," said Brent Schutte, chief investment officer at Northwestern Mutual Wealth Management Company Treasury yields rose in the bond market. The yield on the 10-year Treasury rose to 4.59% from 4.53% late Friday. European markets closed mostly lower, while markets in Asia gained ground. Wall Street has several other economic reports to look forward to this week. On Tuesday, the U.S. will release its November report for sales of newly constructed homes. A weekly update on unemployment benefits is expected on Thursday. Markets in the U.S. will close at 1 p.m. Eastern on Tuesday for Christmas Eve and will remain closed on Wednesday for Christmas.Bengal bypolls: Over 14% average positive vote swing for Trinamool
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Kendrick Lamar and Mustard are cooking with fish grease once again, this time on "tv off." This collaboration follows the incredible and historic success of "Not Like Us," the dagger diss record from the tense beef with Drake . It finds a home on K. Dot's brand-new surprise album GNX which hit streaming out of the blue on Friday, November 22. This is a great way to capitalize on the hype of the aforementioned West Coast anthem, but also to build upon these two's chemistry going forward. "tv off" might seem very similar to "Not Like Us" on the surface, especially with the triumphant horn sections and contagious energy. However, the lyrical content is a great contrast and secretly plays into the track's theme of deceit, superficiality, and more. Lamar mentioned on "The Day The Party Died" how he wanted to reset the culture that we are experiencing in rap right now. This GNX cut almost feels like a pseudo-sequel in some ways, as he mentions how social media ruins people's perceptions, society's questionable decisions and how they impact the world, and more. It might a stretch on our part, but this is what Kendrick's music allows for. Read More: Bhad Bhabie Pops Out With Her Boyfriend Le Vaughn For First Time Since Cancer Diagnosis Quotable Lyrics: Tryna show n****s the ropes before they hung from a rope I'm prophetic, they only talk about it how I get it Only good for saving face, seen the cosmetics How many heads I gotta take to level my aesthetics? Hurry up and get your muscle up, we out the plyometric Nicarana by the lux, soon as I up the highest metric Read More: Wack 100 & DJ Hed Defend Kendrick Lamar Against The Haters Dragging New Album "GNX"How major US stock indexes fared Monday, 12/23/2024Fine Gael won 35 seats in the 2020 election, but 18 of those TDs did not seek re-election in Friday’s poll. An exit poll puts the party’s support at 21%, a fraction of a percentage behind the main opposition party Sinn Fein. Mr Harris, the outgoing Taoiseach, was elected with 16,869 first preference votes, well above the quota. He celebrated with his wife Caoimhe, his parents Bart and Mary, his sister Gemma and his political team at the count centre in Greystones, Co Wicklow. Ahead of his re-election, Mr Harris told reporters he was “cautiously optimistic” about the election result and said it was “clear that my party will gain seats”. “It’s also clear that Fine Gael will top the poll in at least 10 constituencies, many more than we did the last time, that we will gain seats in constituencies where we haven’t had seats in many years, like Tipperary South and Waterford, and that we will add second seats in other constituencies as well,” he said. “I think the people of Ireland have now spoken. We now have to work out exactly what they have said, and that is going to take a little bit of time.” In one of the five consecutive broadcast media rounds he did from the Greystones count centre, he said there were a lot of areas where there were “straight shoot-outs” between Fianna Fail and Fine Gael for final seats. He described the Sinn Fein vote as “pretty significantly down”, the Fianna Fail vote as “marginally down” and the Fine Gael vote as “static” compared with its 2020 vote. He said it was “a very close, a very competitive election” and that “we haven’t seen a Sinn Fein surge or anything like it”. He said: “It was predicted by many that I would become the Taoiseach for a brief period of time, take over from Leo Varadkar, and then have to rebuild my party from the opposition benches as Sinn Fein led a government. “We don’t know what’s going to happen on government formation yet, but that is now looking less likely than it was.” He acknowledged that it was “a very difficult day” for the Green Party and paid tribute to their work in the coalition government, alongside his party and Fianna Fail. “Definitely, politics in Ireland has gotten much more fragmented,” he said. Fine Gael minister Helen McEntee said that her party’s campaign had been “positive”. “The feeling on the doors was very much that people were relatively happy with the government,” she said on RTE Radio. “It will come down to the last seats and it will come down to transfers,” she said of the final result, adding that Fianna Fail and Fine Gael were performing better than the exit poll estimated.
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Kasthuri Shankar: In the line of fireSubscribe Search Search Sort by Relevance Title Date Subscribe ALBAWABA - UK Prime Minister, Keir Starmer, is scheduled to make his first official visit to the Gulf with the intention of expanding on strategic and commercial relations with Saudi Arabia and the United Arab Emirates (UAE), AFP reports. Also Read Facial Recognition technology drives over 500 arrests in London The visit, commencing on Sunday, focuses on the UK's attempts to strengthen cooperation with the governments of the Gulf Cooperation Council (GCC), especially through progressing forward with free trade agreement (FTA) discussions. Starmer is expected to meet with President Sheikh Mohammed bin Zayed Al Nahyan in the United Arab Emirates before he goes to Saudi Arabia to meet with Crown Prince Mohammed bin Salman for discussions. I welcome Assad’s departure and the end of his brutal regime. We need a political solution. We are speaking with regional allies and monitoring the situation. We call on all sides to deliver peace and stability, the protection of civilians and minorities, and delivery of aid. pic.twitter.com/ND9V1Xmivk — Keir Starmer (@Keir_Starmer) December 8, 2024 The main topics of discussion will be strengthening bilateral trade, securing investments in renewable energy, technology, and defense, and completing the free trade agreement with the GCC, which also consists of Bahrain, Kuwait, Oman, and Qatar, according to Bloomberg. The UK government projects that the deal could generate an additional £8.6 billion a year and boost bilateral commerce by 16%. Starmer's visit will cover urgent worries about security in the Middle East in addition to economic goals. He intends to request more humanitarian assistance for Gaza, push for a prisoner exchange deal and ceasefire in the war-torn strip. The prime minister will conclude his tour with a stop in Cyprus on Tuesday, where he will meet President Nikos Christodoulides, marking the first bilateral visit by a UK leader to Cyprus in over 50 years. A passionate about the Gaming Industry with a career of over 5 years in the field, I write about current trends and news in the Game Development business and how it impact the industry and players. Laith has recently started a new position at Al Bawaba as a freelance business writer. Subscribe Sign up to our newsletter for exclusive updates and enhanced content Subscribe Now Subscribe Sign up to get Al Bawaba's exclusive celeb scoops and entertainment news Subscribe to our newsletter for exclusive updates and enhanced content Also Read Iran warns Israel of heavy prices after assassinating Reza Moussavi in Damascus Subscribe
Ohtani wins third MVP, while Judge takes his second
NEW YORK, Dec. 08, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Unisys Corporation (NYSE: UIS) resulting from allegations that Unisys may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Unisys securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses. To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=9648 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. WHAT IS THIS ABOUT: On October 22, 2024, the Securities and Exchange Commission announced that it had charged four companies, including Unisys, with “making materially misleading disclosures regarding cybersecurity risks and intrusions.” Further, the SEC also charged Unisys with disclosure controls and procedures violations. On this news, Unisys stock fell 8.6% on October 22, 2024. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm , on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/ . Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 case@rosenlegal.com www.rosenlegal.com
Dallas; Sunday, 4:30 p.m. EST BOTTOM LINE: The Dallas Stars host the Winnipeg Jets after Mason Marchment scored two goals in the Stars' 5-3 win over the Colorado Avalanche. Dallas has a 14-8 record overall and a 5-2-0 record in Central Division play. The Stars have a +17 scoring differential, with 76 total goals scored and 59 conceded. Winnipeg has an 18-6 record overall and a 7-1-0 record in Central Division play. The Jets have gone 10-1-0 in games they score at least one power-play goal. Sunday's game is the second time these teams square off this season. The Jets won the last matchup 4-1. Cole Perfetti scored two goals in the victory. TOP PERFORMERS: Marchment has nine goals and 14 assists for the Stars. Roope Hintz has five goals and one assist over the last 10 games. Kyle Connor has 13 goals and 16 assists for the Jets. Mark Scheifele has scored five goals with three assists over the past 10 games. LAST 10 GAMES: Stars: 6-4-0, averaging 3.9 goals, 6.6 assists, 3.3 penalties and 8.6 penalty minutes while giving up three goals per game. Jets: 5-5-0, averaging three goals, 4.7 assists, 4.2 penalties and 11.7 penalty minutes while giving up 2.7 goals per game. INJURIES: Stars: None listed. Jets: None listed. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .
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