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Mobile homes are a viable form of low-income housing. So, why isn’t it being factored in to solve the housing crisis?
Ashland rings opening bell at NYSE recognizes 100-year anniversaryNEW YORK (AP) — Thousands of Microsoft 365 customers worldwide reported having issues with services like Outlook and Teams on Monday. In social media posts and comments on platforms like outage tracker Downdetector, some impacted said that they were having trouble seeing their emails, loading calendars or opening other Microsoft 365 applications such as Powerpoint. acknowledged “an issue impacting users attempting to access Exchange Online or functionality within Microsoft Teams calendar” earlier in the day. In updates on X, the social media platform formerly known as Twitter, the company’s status page said it identified a “recent change” that it believed to be behind the problem — and was working to revert it. Microsoft shared that it was deploying a fix — which, as of shortly before noon E.T., it had reached about 98% of “affected environments.” Still, the company’s status page later , targeted restarts were “progressing slower than anticipated for the majority of affected users.” As of midday Monday, Downdetector showed thousands of outage reports from users of , particularly .Meta to build $10 billion AI data center in Louisiana as Elon Musk expands his Tennessee AI facility
NoneSTAMFORD, Conn., Dec. 04, 2024 (GLOBE NEWSWIRE) -- Star Group, L.P. (the "Company" or "Star") (NYSE:SGU), a home energy distributor and services provider, today announced financial results for its fiscal 2024 fourth quarter and year ended September 30, 2024. Three Months Ended September 30, 2024 Compared to the Three Months Ended September 30, 2023 For the fiscal 2024 fourth quarter, Star reported a 10.0 percent decrease in total revenue to $240.3 million compared with $266.9 million in the prior-year period, reflecting slightly lower volumes sold and a decrease in selling prices for petroleum products, partially offset by higher service and installation revenue. The volume of home heating oil and propane sold during the fiscal 2024 fourth quarter decreased by 0.3 million gallons, or 1.5 percent, to 18.5 million gallons, as the additional volume provided from acquisitions was more than offset by the impact of net customer attrition and other factors. Star’s net loss increased by $15.4 million in the quarter, to $35.1 million, as a $28.4 million unfavorable change in the fair value of derivative instruments was only partially offset by a $9.1 million increase in income tax benefit, $1.7 million decrease in Adjusted EBITDA loss, $1.1 million decrease in depreciation and amortization expenses, and $1.1 million lower net interest expense. The Company reported a fourth quarter Adjusted EBITDA loss (a non-GAAP measure defined below) of $29.7 million, or $1.7 million less than in the prior year period, as higher home heating oil and propane per-gallon margins, an increase in service and installation profitability, and additional EBITDA from acquisitions, more than offset an increase in operating expenses and a decline in home heating oil and propane volume sold. “As we move into the heating season and begin a new fiscal year, it’s a great time to reflect on the past twelve months’ performance,” said Jeff Woosnam, Star Group’s President and Chief Executive Officer. “Temperatures in fiscal 2024 were roughly flat year-over-year, and total revenue fell modestly due to slightly lower volumes and selling prices. However, full year Adjusted EBITDA rose by $14.7 million, reflecting an increase in home heating oil and propane per-gallon margins and higher service and installation profitability. We continue to focus on cost containment and the pursuit of attractive acquisitions. At the same time, we remain vigilant in working to address net customer attrition which, at 4.2% in fiscal 2024, was up slightly year-over-year. As we enter the heating season, we believe the Company is well prepared to respond to anything Mother Nature throws our way, while providing our customers with superior customer service.” Fiscal 2024 Compared to Fiscal 2023 For fiscal 2024, Star reported a 9.6 percent decrease in total revenue to $1.8 billion compared with $2.0 billion in the prior-year period, reflecting a decrease in total volume sold and a decline in selling prices in response to lower wholesale product costs. The volume of home heating oil and propane sold during fiscal 2024 declined by 5.8 million gallons, or 2.2 percent, to 253.4 million gallons as the additional volume provided from acquisitions and other factors was more than offset by net customer attrition. Temperatures in Star’s geographic areas of operation were less than 0.1 percent warmer than during the prior-year period but 15.1 percent warmer than normal, as reported by the National Oceanic and Atmospheric Administration. Star’s net income increased by $3.3 million for fiscal 2024, to $35.2 million, as a $14.7 million increase in Adjusted EBITDA, a $3.9 million decrease in net interest expense, a $0.9 million decrease in depreciation and amortization expenses and a $0.7 million decrease in income tax expense were largely offset by a $17.0 million unfavorable change in the fair value of derivative instruments. Adjusted EBITDA for fiscal 2024 increased by $14.7 million, to $111.6 million, as an increase in home heating oil and propane per-gallon margins, an increase in service and installation profitability and the additional Adjusted EBITDA from acquisitions more than offset a 10.9 million gallon decrease in home heating oil and propane volume in the base business, a $5.0 million reduction in the Company’s weather hedge benefit and an increase in base business total operating expenses. EBITDA and Adjusted EBITDA (Non-GAAP Financial Measures) EBITDA (Earnings from continuing operations before net interest expense, income taxes, depreciation and amortization) and Adjusted EBITDA (Earnings from continuing operations before net interest expense, income taxes, depreciation and amortization, (increase) decrease in the fair value of derivatives, other income (loss), net, multiemployer pension plan withdrawal charge, gain or loss on debt redemption, goodwill impairment, and other non-cash and non-operating charges) are non-GAAP financial measures that are used as supplemental financial measures by management and external users of the Company’s financial statements, such as investors, commercial banks and research analysts, to assess Star’s position with regard to the following: compliance with certain financial covenants included in our debt agreements; financial performance without regard to financing methods, capital structure, income taxes or historical cost basis; operating performance and return on invested capital compared to those of other companies in the retail distribution of refined petroleum products, without regard to financing methods and capital structure; ability to generate cash sufficient to pay interest on our indebtedness and to make distributions to our partners; and the viability of acquisitions, capital expenditure projects and the overall rates of return of alternative investment opportunities. The method of calculating Adjusted EBITDA may not be consistent with that of other companies, and EBITDA and Adjusted EBITDA both have limitations, as analytical tools and so should not be viewed in isolation but in conjunction with measurements that are computed in accordance with GAAP. Some of the limitations of EBITDA and Adjusted EBITDA are as follows: EBITDA and Adjusted EBITDA do not reflect cash used for capital expenditures; although depreciation and amortization are non-cash charges, the assets being depreciated or amortized often will have to be replaced and EBITDA and Adjusted EBITDA do not reflect the cash requirements for such replacements; EBITDA and Adjusted EBITDA do not reflect changes in, or cash requirements for, working capital; EBITDA and Adjusted EBITDA do not reflect the cash necessary to make payments of interest or principal on indebtedness; and EBITDA and Adjusted EBITDA do not reflect the cash required to pay taxes. REMINDER: Members of Star's management team will host a webcast and conference call at 11:00 a.m. Eastern Time tomorrow, December 5, 2024. The webcast will be accessible on the company’s website, at www.stargrouplp.com, and the telephone number for the conference call is 888-346-3470 (or 412-317-5169 for international callers). About Star Group, L.P. Star Group, L.P. is a full service provider specializing in the sale of home heating products and services to residential and commercial customers to heat their homes and buildings. The Company also sells and services heating and air conditioning equipment to its home heating oil and propane customers and, to a lesser extent, provides these offerings to customers outside of its home heating oil and propane customer base. Star also sells diesel, gasoline and home heating oil on a delivery only basis. We believe Star is the nation's largest retail distributor of home heating oil based upon sales volume. Including its propane locations, Star serves customers in the more northern and eastern states within the Northeast and Mid-Atlantic U.S. regions. Additional information is available by obtaining the Company's SEC filings at www.sec.gov and by visiting Star's website at www.stargrouplp.com , where unit holders may request a hard copy of Star’s complete audited financial statements free of charge. Forward Looking Information This news release includes "forward-looking statements" which represent the Company’s expectations or beliefs concerning future events that involve risks and uncertainties, including the impact of geopolitical events on wholesale product cost volatility, the price and supply of the products that we sell, our ability to purchase sufficient quantities of product to meet our customer’s needs, rapid increases in levels of inflation, the consumption patterns of our customers, our ability to obtain satisfactory gross profit margins, the effect of weather conditions on our financial performance, our ability to obtain new customers and retain existing customers, our ability to make strategic acquisitions, the impact of litigation, natural gas conversions and electrification of heating systems, global health pandemics, recessionary economic conditions, future union relations and the outcome of current and future union negotiations, the impact of current and future governmental regulations, including climate change, environmental, health, and safety regulations, the ability to attract and retain employees, customer credit worthiness, counterparty credit worthiness, marketing plans, cyber-attacks, global supply chain issues, labor shortages and new technology, including alternative methods for heating and cooling residences. All statements other than statements of historical facts included in this Report including, without limitation, the statements under “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and elsewhere herein, are forward-looking statements. Without limiting the foregoing, the words “believe,” “anticipate,” “plan,” “expect,” “seek,” “estimate,” and similar expressions are intended to identify forward-looking statements. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to, those set forth under the heading "Risk Factors" and "Business Strategy" in our Annual Report on Form 10-K (the "Form 10-K") for the fiscal year ended September 30, 2024. Important factors that could cause actual results to differ materially from the Company’s expectations ("Cautionary Statements") are disclosed in this news release and in the Company’s Form 10-K and our Quarterly Reports on Form 10-Q. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by the Cautionary Statements. Unless otherwise required by law, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise after the date of this news release. (financials follow)None
Bell Potter names the best ASX shares to buy in DecemberNDC Plans to Establish Ashanti Region as a Stronghold Following Electoral Victory
US goalkeeper Alyssa Naeher is retiring from international soccerMontana Technological University will host its commencement at 11 a.m. in the HPER on Saturday. The university will be awarding 207 degrees and certificates to 198 students. Also on Saturday, the nursing pinning ceremony starts at 9 a.m. in the library auditorium. On Friday, the Line Rodeo will take place from 9 a.m. to noon in the pole yard at Highlands College. At 5 p.m., the Order of the Engineer will be in the library auditorium. The Nursing Pinning Ceremony will be in the Library Auditorium on Saturday morning, Dec. 14 at 9:00 am. HELENA — At a virtual town hall, veterans are invited to join Montana VA virtually to discuss updates on policies, programs and services from 5 to 6 p.m. on Thursday. Duane Gill, Montana VA’s executive director, will host and will be discussing how policies and programs have evolved and answer questions from veterans. A variety of issues from veterans’ benefits, community care, tele-health, travel benefits, and more will also be discussed. The event is accessible virtually either by calling in or livestreaming the town hall. To join, veterans and their families should call in at 866-478-3358 or livestream the townhall at . Program experts will share overviews of their services and resources for the first section of the town hall. The final 30 minutes are reserved for a question-and-answer period for veterans. Subscribe to our Daily Headlines newsletter. Reporter {{description}} Email notifications are only sent once a day, and only if there are new matching items.This Is What Whales Are Betting On RedfinDimopoulos shines in double OT and Northern Illinois beats Fresno State 28-20 in Idaho Potato Bowl
The Autotransfusion Systems Market: Trends, Size, Share, Growth, and Demand Forecast to 2030 11-25-2024 08:43 PM CET | Media & Telecommunications Press release from: Data Bridge Market Research (DBMR) Autotransfusion Systems Market The healthcare industry has witnessed tremendous technological advancements over the years, and autotransfusion systems are among the innovative solutions reshaping surgical procedures and patient care. These systems are pivotal in reducing the need for donor blood transfusions, offering numerous clinical and economic benefits. This article explores the autotransfusion systems market, its size, growth trajectory, and the key factors driving its demand through 2030. Access Full 350 Pages PDF Report @ https://www.databridgemarketresearch.com/reports/global-autotransfusion-systems-market Autotransfusion systems are medical devices designed to collect and reinfuse a patient's own blood during or after surgery. This approach minimizes reliance on donor blood, reducing the risks associated with transfusion reactions, infections, and immune complications. These systems are particularly beneficial in surgeries involving high blood loss, such as cardiac, orthopedic, and trauma-related procedures. In addition to improving patient safety, autotransfusion systems address critical challenges such as blood shortages and the rising costs of donor blood processing. This dual advantage makes them an indispensable tool in modern surgical practices. Market Trends Shaping the Future of Autotransfusion Systems The autotransfusion systems market is evolving in response to technological advancements, growing awareness about blood management, and increased adoption in emerging economies. Key trends include: Technological Innovations Continuous advancements in autotransfusion technology are enhancing the efficiency and usability of these systems. New-generation devices come with automated features, compact designs, and improved filtration techniques, enabling faster and more effective blood processing. Rising Preference for Minimally Invasive Procedures As minimally invasive surgeries become the norm, the demand for autotransfusion systems has surged. These systems are now tailored to support minimally invasive techniques, ensuring effective blood management in smaller surgical incisions. Growing Focus on Patient Safety Hospitals and healthcare providers are prioritizing patient safety by adopting strategies that minimize infection risks and improve recovery times. Autotransfusion aligns perfectly with this focus by eliminating complications associated with donor blood transfusions. Expansion in Emerging Markets Emerging economies are witnessing increased healthcare spending, better infrastructure, and heightened awareness about advanced medical technologies. This growth has paved the way for higher adoption of autotransfusion systems, especially in regions like Asia-Pacific and Latin America. Integration of Artificial Intelligence AI-driven autotransfusion systems are gaining traction, offering predictive analytics for blood loss and optimizing device performance. These smart systems are poised to revolutionize the market by providing data-driven insights for better surgical outcomes. Market Size and Share Analysis Data Bridge Market Research analyses that the autotransfusion systems market which is USD 492.2 million in 2022, is expected to reach USD 761.12 million by 2030, at a CAGR of 5.6% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework. Regional Insights North America dominates the market, accounting for the largest share due to advanced healthcare infrastructure, high adoption rates, and significant investments in medical technology. Europe follows closely, driven by a well-established healthcare system and favorable reimbursement policies. Asia-Pacific is the fastest-growing region, with countries like India and China leading the charge due to rising healthcare expenditures and increasing awareness about blood management solutions. Key Market Players The competitive landscape features prominent players such as Haemonetics Corporation, Fresenius SE & Co. KGaA, LivaNova PLC, and Medtronic. These companies are investing heavily in R&D to develop innovative products and expand their market reach. Growth Drivers and Opportunities Several factors are propelling the growth of the autotransfusion systems market: Increasing Surgical Volume The rising prevalence of chronic diseases and trauma cases has led to an uptick in surgical procedures, driving demand for effective blood management solutions. Blood Shortages Global blood shortages are a pressing issue, making autotransfusion a viable alternative for reducing dependency on donor blood. Cost-Effectiveness Autotransfusion systems reduce the costs associated with blood storage, testing, and transfusion, making them an attractive option for healthcare providers. Favorable Regulations Governments and regulatory bodies are supporting the adoption of autotransfusion systems through policies aimed at improving patient outcomes and promoting advanced medical technologies. Aging Population The aging global population is contributing to a higher incidence of surgeries, further boosting the demand for autotransfusion systems. Demand Outlook Through 2030 The demand for autotransfusion systems is expected to witness significant growth, driven by their increasing adoption in various surgical specialties. The market is poised to benefit from technological advancements, expanding healthcare access in emerging economies, and heightened awareness about the benefits of autotransfusion. Key Areas of Demand Cardiac Surgery: High blood loss during cardiac procedures makes autotransfusion systems a critical component in these surgeries. Orthopedic Surgery: Joint replacement and spinal surgeries are significant contributors to market demand. Trauma Care: Autotransfusion systems are essential in managing severe trauma cases, reducing the need for external blood supply. Challenges and Restraints While the market is on a growth trajectory, certain challenges could hinder its progress: High Initial Costs: The upfront investment required for autotransfusion systems can be a barrier for smaller healthcare facilities. Training Requirements: Effective operation of these systems requires skilled personnel, which may limit their adoption in resource-constrained settings. Competition from Alternatives: Other blood conservation methods, such as hemodilution and advanced blood substitutes, pose competition to autotransfusion systems. Browse Trending Reports: https://aimarketresearch2024.blogspot.com/2024/11/3d-glasses-market-size-share-trends.html https://aimarketresearch2024.blogspot.com/2024/11/adrenocortical-carcinoma-treatment.html https://aimarketresearch2024.blogspot.com/2024/11/agricultural-biologicals-market-size_26.html https://aimarketresearch2024.blogspot.com/2024/11/aluminium-collapsible-tubes-market-size.html Conclusion The autotransfusion systems market is poised for remarkable growth through 2030, driven by advancements in technology, increasing surgical volumes, and rising awareness about patient safety. With continuous innovations and expanding applications, these systems are set to become an integral part of modern surgical practices. About Data Bridge Market Research: Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process. Contact Us: Data Bridge Market Research US: +1 614 591 3140 UK: +44 845 154 9652 APAC : +653 1251 975 Email: corporatesales@databridgemarketresearch.com" This release was published on openPR.BOISE, Idaho (AP) — Freshman wide receiver George Dimopoulos threw a 25-yard touchdown pass to Dane Pardridge on the first play of double overtime and Jordan Hansen ended the game on a fourth-down sack to give Northern Illinois a 28-20 victory over Fresno State on Monday in the Idaho Potato Bowl. Dimopoulos, who played quarterback in high school, also converted the two-point conversion when he passed it to quarterback Josh Holst for his second completion of the season. Holst, a freshman walk-on, was making just his third start at quarterback as NIU was without starter Ethan Hampton, who entered with 1,600 yards and 12 touchdowns to go with six interceptions. Holst completed 18 of 30 passes for 182 and two touchdowns for Northern Illinois (8-5). He was also intercepted on the first play of the game. Both teams missed a 35-yard field goal in the final three minutes of regulation, including Dylan Lynch's third miss of the game on the final play to send it to overtime. Fresno State started overtime with a touchdown when Bryson Donelson was left wide open out of the backfield to haul in a 9-yard touchdown pass. NIU needed five plays, and a defensive holding penalty, to score as Holst found Grayson Barnes for a 3-yard touchdown. Donelson finished with 15 carries for 82 yards and a touchdown for Fresno State (6-7). He added three catches for 28 yards and another score. Dual-threat quarterback Joshua Wood was 16 of 23 for 180 yards and a touchdown. Mac Dalena made six catches for 118 yards to help go over 1,000 yards for the season. Fresno State was without 14 players, including starting quarterback Mikey Keene after he transferred to Michigan. Two top-three receivers, Jalen Moss and Raylen Sharpe, also did not play as the Bulldogs were forced to use five new starters. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-footballNoneUS President-elect Donald Trump has threatened to demand control of the Panama Canal be returned to Washington, complaining of "unfair" treatment of American ships and hinting at China's growing influence. Here are five things to know about the waterway connecting the Pacific and Atlantic oceans. - Panamanian operated - The 80-kilometer (50-mile) interoceanic waterway is operated by the Panama Canal Authority, an autonomous public entity. The Central American nation's constitution describes the canal as an "inalienable heritage of the Panamanian nation" that is open to vessels "of all nations." The United States is its main user, accounting for 74 percent of cargo, followed by China with 21 percent. Panama's government sets the price of tolls based on canal needs and international demand. Rates depends on a vessel's cargo capacity. "The canal has no direct or indirect control from China, nor the European Union, nor the United States or any other power," Panama's President Jose Raul Mulino said Sunday as he dismissed Trump's threat. All vessels, including warships and submarines, are given a Panama Canal pilot. - National history - Panama's independence from Colombia in 1903 is linked to the canal. Following the failure of French count Ferdinand de Lesseps to open a channel through the isthmus, the United States promoted the separation of the province of Panama and signed a treaty with the nascent country that ceded land and water in perpetuity to build it. After 10 years of construction and an investment of $380 million, the canal was inaugurated on August 15, 1914 with the transit of the steamer Ancon. Some 25,000 deaths from disease and accidents were recorded during its construction. The canal "is part of our history" and "an irreversible achievement," Mulino said. - American enclave - Washington's establishment of a "Canal Zone" -- an enclave with its own military bases, police and justice system -- gave rise to decades of demands by Panamanians to reunify the country and take control of the waterway. In 1977, Panamanian nationalist leader Omar Torrijos and US president Jimmy Carter signed treaties that allowed the canal to be transferred to Panama on December 31, 1999. "Any attempt to reverse this historic achievement not only dishonors our struggle, but is also an insult to the memory of those who made it possible," former president Martin Torrijos, the general's son, wrote on social media. Under the treaties, supported by more than 40 countries, the canal is deemed neutral and any ship can pass through. The only conditions are that ships must comply with safety regulations and military vessels from countries at war must not pass through at the same time. - System of locks - Unlike Egypt's Suez Canal, the Panama Canal operates using freshwater stored in two reservoirs. A drought led to a reduction in the number of transits in 2023, but the situation has since normalized. The canal, which has a system of locks to raise and lower vessels, transformed global shipping. Crafts can travel between the two oceans in about eight hours without having to sail all the way around Cape Horn, the southern tip of the Americas. The canal allows a ship to shave 20,300 kilometers off a journey from New York to San Francisco. - Cash cow - Five percent of world maritime trade passes through the canal, which connects more than 1,900 ports in 170 countries. By the early 21st century, it had become too small, so it was expanded between 2009 and 2016. Today, the canal can accommodate ships up to 366 meters long and 49 meters wide (1,200 feet by 161 feet) -- equivalent to almost four football pitches. It generates six percent of Panama's national economic output and since 2000 has pumped more than $28 billion into state coffers. More than 11,200 ships transited the canal in the last fiscal year carrying 423 million tons of cargo. jjr/fj/dr/mlm
ALPINE, Texas (AP) — Three U.S. Army soldiers at Fort Cavazos, Texas, have been arrested on human smuggling charges, U.S. Attorney Jaime Esparza for the Western District of Texas said Thursday. Soldiers Emilio Mendoza Lopez, Angel Palma, 20, and Enrique Jauregui, 25, were arrested after a vehicle allegedly driven by Palma and carrying Mendoza Lopez, a Mexican national and two Guatemalan nationals was stopped Nov. 27 by law enforcement in Presidio along the border with Mexico, about 500 miles (805 kilometers) southwest of Dallas. Mike Lahrman, a spokesman for Esparza, said he did not know the soldier’s ranks or whether action had been taken against them by the military. A spokesman for Fort Cavazos did not immediately respond to a request for comment. “Mendoza Lopez and Palma allegedly traveled from Fort Cavazos to Presidio for the purpose of picking up and transporting undocumented noncitizens,” Esparza said in a statement. “Jauregui is alleged to be the recruiter and facilitator of the human smuggling conspiracy,” according to Esparza. “Data extracted from Palma’s phone through a search warrant revealed messages between the three soldiers indicating collaboration in the smuggling operation.” Related Articles National News | Two children wounded and gunman dead after shooting at Northern California school National News | White House says at least 8 US telecom firms, dozens of nations impacted by China hacking campaign National News | Powell: Fed’s independence from politics is vital to its interest rate decisions National News | US senators grill airline officials about fees for seats and checked bags National News | California ranks No. 9 for economic ‘balance’ between bosses and workers Mendoza Lopez was arrested at the scene of the Nov. 27 traffic stop while Palma, who prosecutors said fled the scene of the traffic stop, and Jauregui were arrested Tuesday at Fort Cavazos, about 125 miles (201 kilometers) south of Dallas, Lahrman said. Mendoza Lopez’s attorney, Shane Chriesman, said he is awaiting more information, known as discovery, from prosecutors on the charge. “Once I get discovery and have a chance to assess the case we’ll develop a plan of attack” and will try to get a bond set for Mendoza Lopez, who is currently jailed without bail, Chriesman said. No attorneys are listed in jail records who could speak for for Palma and Jauregui, who are awaiting their first court appearance on Friday, according to Esparza.AP News in Brief at 6:04 p.m. EST
Serenity Psychotherapy Group Now Offers Telehealth Therapy in Navy YardFive things to know about Panama Canal, in Trump's sightsGlobal stocks mostly rose Tuesday, with US and German indices posting records, as markets weighed Chinese stimulus hopes, political tensions in France and the US interest-rate outlook. Germany's blue-chip DAX stock index jumped above 20,000 points for the first time and Paris rebounded even as France braced for new political turmoil. In New York, both the S&P 500 and Nasdaq narrowly rose to finish at records, while the Dow pulled back. Oil prices jumped more than two percent following reports that crude exporters were near an agreement to extend production limits. A closely-watched labor market report showed an increase in US job openings in October, but also a decline in new job postings during the month, a less upbeat sign. Samuel Tombs, chief US economist at Pantheon Macroeconomics, said the data overall provides "good grounds" for the Federal Reserve to lower interest rates again this month. Still, the choppiness of Tuesday's trading session in New York points to reticence among US investors following a series of post-election records that many pundits believe have left stocks overvalued. "There wasn't a lot of conviction behind the upside moves," said Briefing.com . "The overall vibe in the market was more negative." Stocks in Paris edged higher even as France headed into a new political crisis as opposition lawmakers vowed to topple the minority government of Prime Minister Michel Barnier in a no-confidence vote after just three months in office. Germany's DAX, meanwhile, scored a fresh milestone, defying multiple headwinds battering Europe's biggest economy. The German economy, hit hard by a manufacturing slowdown and weak demand for its exports, has struggled in 2024. Yet the DAX has advanced in large part because companies in the index do heavy business abroad. In addition, the euro's recent weakness has boosted Germany's export-oriented companies, while easing interest rates both in the eurozone and the United States have also helped sentiment. Investors greeted a Bloomberg report that China's top leaders, including President Xi Jinping, would hold a two-day economic work conference next week to outline their targets and stimulus plans for next year. The report followed manufacturing activity data on Monday that suggested China's economic struggles may be coming to an end, but investors are looking for Beijing to step up support for the economy. The news helped push Hong Kong and Shanghai stock markets higher despite Washington announcing new export restrictions taking aim at Beijing's ability to make advanced semiconductors. The moves step up existing US efforts to tighten curbs on exports of state-of-the-art AI chips to China. Beijing hit back by saying it would restrict exports to the United States of some key components in making semiconductors. Oil prices jumped ahead of a meeting Thursday of members of the OPEC oil cartel and its allies "The forecast is that they will announce an extension until the end of the first quarter of 2025, and this should help put a floor under prices," said Trade Nation analyst David Morrison. New York - Dow: DOWN 0.2 percent at 44,705.53 (close) New York - S&P 500: UP 0.1 percent at 6,049.88 (close) New York - Nasdaq Composite: UP 0.4 percent at 19,480.91 (close) London - FTSE 100: UP 0.6 percent at 8,359.41 (close) Paris - CAC 40: UP 0.3 percent at 7,255.42 (close) Frankfurt - DAX: UP 0.4 percent at 20,016.75 (close) Tokyo - Nikkei 225: UP 1.9 percent at 39,248.86 (close) Hong Kong - Hang Seng Index: UP 1.0 percent at 19,746.32 (close) Shanghai - Composite: UP 0.4 percent at 3,378.81 (close) Euro/dollar: UP at $1.0511 from $1.0498 on Monday Pound/dollar: UP at $1.2673 from $1.2655 Dollar/yen: DOWN at 149.53 yen from 149.60 yen Euro/pound: DOWN at 82.94 from 82.95 pence Brent North Sea Crude: UP 2.5 percent at $73.62 per barrel West Texas Intermediate: UP 2.7 percent at $69.94 per barrel burs-jmb/dw
NEW YORK (AP) — A slide for market superstar Nvidia on Monday knocked Wall Street off its big rally and helped drag U.S. stock indexes down from their records. The S&P 500 fell 0.6%, coming off its 57th all-time high of the year so far. The Dow Jones Industrial Average dipped 240 points, or 0.5%, and the Nasdaq composite pulled back 0.6% from its own record. Nvidia’s fall of 2.5% was by far the heaviest weight on the S&P 500 after China said it’s investigating the company over suspected violations of Chinese anti-monopoly laws. Nvidia has skyrocketed to become one of Wall Street’s most valuable companies because its chips are driving much of the world’s move into artificial-intelligence technology. That gives its stock’s movements more sway on the S&P 500 than nearly every other. Nvidia’s drop overshadowed gains in Hong Kong and for Chinese stocks trading in the United States on hopes that China will deliver more stimulus for the world’s second-largest economy. Roughly three in seven of the stocks in the S&P 500 also rose. The week’s highlight for Wall Street will arrive midweek when the latest updates on inflation arrive. Economists expect Wednesday’s report to show the inflation that U.S. consumers are feeling remained stuck at close to the same level last month. A separate report on Thursday, meanwhile, could show an acceleration in inflation at the wholesale level. They’re the last big pieces of data the Federal Reserve will get before its meeting next week on interest rates. The widespread expectation is still that the central bank will cut its main interest rate for the third time this year. The Fed has been easing its main interest rate from a two-decade high since September to offer more help for the slowing job market, after bringing inflation nearly all the way down to its 2% target. Lower interest rates can ease the brakes off the economy, but they can also offer more fuel for inflation. Expectations for a series of cuts from the Fed have been a major reason the S&P 500 has set so many all-time highs this year. “Investors should enjoy this rally while it lasts—there’s little on the horizon to disrupt the momentum through year-end,” according to Mark Hackett, chief of investment research at Nationwide, though he warns stocks could stumble soon because of how overheated they’ve gotten. On Wall Street, Interpublic Group rose 3.6% after rival Omnicom said it would buy the marketing and communications firm in an all-stock deal. The pair had a combined revenue of $25.6 billion last year. Omnicom, meanwhile, sank 10.2%. Macy’s climbed 1.8% after an activist investor, Barington Capital Group, called on the retailer to buy back at least $2 billion of its own stock over the next three years and make other moves to help boost its stock price. Super Micro Computer rose 0.5% after saying it got an extension that will keep its stock listed on the Nasdaq through Feb. 25, as it works to file its delayed annual report and other required financial statements. Earlier this month, the maker of servers used in artificial-intelligence technology said an investigation found no evidence of misconduct by its management or by the company’s board following the resignation of its public auditor . All told, the S&P 500 fell 37.42 points to 6,052.85. The Dow dipped 240.59 to 4,401.93, and the Nasdaq composite lost 123.08 to 19,736.69. In the oil market, a barrel of benchmark U.S. crude rallied 1.7% to settle at $68.37 following the overthrow of Syrian leader Bashar Assad, who sought asylum in Moscow after rebels. Brent crude, the international standard, added 1.4% to $72.14 per barrel. The price of gold also rose 1% to $2,685.80 per ounce amid the uncertainty created by the end of the Assad family’s 50 years of iron rule. In stock markets abroad, the Hang Seng jumped 2.8% in Hong Kong after top Chinese leaders agreed on a “moderately loose” monetary policy for the world’s second-largest economy. That’s a shift away from a more cautious, “prudent” stance for the first time in 10 years. A major planning meeting later this week could also bring more stimulus for the Chinese economy. U.S.-listed stocks of several Chinese companies climbed, including a 12.4% jump for electric-vehicle company Nio and a 7.4% rise for Alibaba Group. Stocks in Shanghai, though, were roughly flat. In Seoul, South Korea’s Kospi slumped 2.8% as the fallout continues from President Yoon Suk Yeol ’s brief declaration of martial law last week in the midst of a budget dispute. In the bond market, the yield on the 10-year Treasury rose to 4.19% from 4.15% late Friday. AP Business Writers Matt Ott and Elaine Kurtenbach contributed.
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