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g win NEW YORK (AP) — Technology stocks pulled Wall Street to another record amid a mixed Monday of trading. The S&P 500 rose 0.2% from its all-time high set on Friday to post a record for the 54th time this year. The Dow Jones Industrial Average fell 128 points, or 0.3%, while the Nasdaq composite gained 1%. Super Micro Computer, a stock that’s been on an AI-driven roller coaster, soared 28.7% to lead the market. Following allegations of misconduct and the resignation of its public auditor , 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. It also said that it doesn’t expect to restate its past financials and that it will find a new chief financial officer, appoint a general counsel and make other moves to strengthen its governance. Big Tech stocks also helped prop up the market. Gains of 1.8% for Microsoft and 3.2% for Meta Platforms were the two strongest forces pushing upward on the S&P 500. Intel was another propellant during the morning, but it lost an early gain to fall 0.5% after the chip company said CEO Pat Gelsinger has retired and stepped down from the board. Intel is looking for Gelsinger’s replacement, and its chair said it’s “committed to restoring investor confidence.” Intel recently lost its spot in the Dow Jones Industrial Average to Nvidia, which has skyrocketed in Wall Street’s frenzy around AI. Stellantis, meanwhile, skidded following the announcement of its CEO’s departure . Carlos Tavares steps down after nearly four years in the top spot of the automaker, which owns car brands like Jeep, Citroën and Ram, amid an ongoing struggle with slumping sales and an inventory backlog at dealerships. The world’s fourth-largest automaker’s stock fell 6.3% in Milan. The majority of stocks in the S&P 500 likewise fell, including California utility PG&E. It dropped 5% after saying it would sell $2.4 billion of stock and preferred shares to raise cash. Retailers were mixed amid what’s expected to be the best Cyber Monday on record and coming off Black Friday . Target, which recently gave a forecast for the holiday season that left investors discouraged , fell 1.2%. Walmart , which gave a more optimistic forecast, rose 0.2%. Amazon, which looks to benefit from online sales from Cyber Monday, climbed 1.4%. All told, the S&P 500 added 14.77 points to 6,047.15. The Dow fell 128.65 to 44,782.00, and the Nasdaq composite climbed 185.78 to 19,403.95. The stock market largely took Donald Trump’s latest threat on tariffs in stride. The president-elect on Saturday threatened 100% tariffs against a group of developing economies if they act to undermine the U.S. dollar. Trump said he wants the group, headlined by Brazil, Russia, India and China, to promise it won’t create a new currency or otherwise try to undercut the U.S. dollar. The dollar has long been the currency of choice for global trade. Speculation has also been around a long time that other currencies could knock it off its mantle, but no contender has come close. The U.S. dollar’s value rose Monday against several other currencies, but one of its strongest moves likely had less to do with the tariff threats. The euro fell amid a political battle in Paris over the French government’s budget . The euro sank 0.7% against the U.S. dollar and broke below $1.05. In the bond market, Treasury yields gave up early gains to hold relatively steady. The yield on the 10-year Treasury climbed above 4.23% during the morning before falling back to 4.19%. That was just above its level of 4.18% late Friday. A report in the morning showed the U.S. manufacturing sector contracted again last month, but not by as much as economists expected. This upcoming week will bring several big updates on the job market, including the October job openings report, weekly unemployment benefits data and the all-important November jobs report. They could steer the next moves for Federal Reserve, which recently began pulling interest rates lower to give support to the economy. Economists expect Friday’s headliner report to show U.S. employers accelerated their hiring in November, coming off October’s lackluster growth that was hampered by damaging hurricanes and strikes. “We now find ourselves in the middle of this Goldilocks zone, where economic health supports earnings growth while remaining weak enough to justify potential Fed rate cuts,” according to Mark Hackett, chief of investment research at Nationwide. In financial markets abroad, Chinese stocks led gains worldwide as monthly surveys showed improving conditions for manufacturing, partly driven by a surge in orders ahead of Trump’s inauguration next month. Both official and private sector surveys of factory managers showed strong new orders and export orders, possibly partly linked to efforts by importers in the U.S. to beat potential tariff hikes by Trump once he takes office. Indexes rose 0.7% in Hong Kong and 1.1% in Shanghai. AP Business Writers Matt Ott and Elaine Kurtenbach contributed.

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Apple On Cusp Of 'Golden Era Of Growth,' Analyst Says

BOSTON--(BUSINESS WIRE)--Dec 19, 2024-- The Internal Revenue Service (IRS) has unveiled the 2025 business mileage standard rate of 70 cents, leveraging data from Motus 1, the leader in vehicle reimbursement and driver risk mitigation solutions. By analyzing key automotive trends from the preceding year, Motus leverages its expertise to provide critical insights that have supported the IRS mileage rate since 1981. The 2025 business mileage standard rate increased to 70 cents from the 2024 rate of 67.0 cents and will go into effect January 1, 2025. Driving costs have changed in 2024 due to some key factors and trends, including: The IRS business mileage standard cents-per-mile (CPM) rate provides a tax-free threshold for reimbursements that U.S. employers can offer to employees, in addition to individual tax deductions. For high-mileage drivers, the IRS Fixed and Variable Rate (FAVR) reimbursement method is a more accurate and equitable solution. FAVR ensures compliance by tailoring reimbursements to localized costs of vehicle ownership and fuel aligned to the company’s standards for what the role requires. Together, FAVR and CPM programs enable companies to provide fair, compliant reimbursement strategies that address the needs of every driver, regardless of their annual business mileage. “So many factors continue to impact driving costs in significant ways,” said Phong Nguyen, CEO of Motus. “It’s essential for business leaders to support their employees who drive as a part of their job - and rely on their vehicles for work - by implementing fair and accurate reimbursement strategies while also optimizing reimbursement spend and mitigating waste and risk.” Motus gives companies visibility and control over their vehicle reimbursement and risks while improving employee satisfaction by offering the broadest range of tax advantaged reimbursement programs. Proactive optimization produces the best results over the life of every program – powered by superior service and support for savings that are IRS compliant. Over 3,000 companies rely on Motus to create optimized vehicle reimbursement strategies to meet their business objectives and to navigate changes that affect their employees. About Motus Motus is the leading expert in vehicle reimbursement and driver risk mitigation, offering platforms that simplify the reimbursement and management of driving costs through personalized calculations. With an unmatched pool of data refined over more than 80 years, Motus is the preferred partner to top Fortune 500 companies and organizations committed to workplace agility. Motus data, captured and analyzed across the world's largest retained pool of drivers, underpins the annual Internal Revenue Service business mileage standard rate. For more information, please visit www.motus.com or connect with us on Twitter, Facebook, Instagram, or LinkedIn. 1 Motus is the parent entity of Runzheimer International View source version on businesswire.com : https://www.businesswire.com/news/home/20241219193381/en/ Brands2Life for Motus:motus@brands2life.com KEYWORD: MASSACHUSETTS UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: TRUCKING WHITE HOUSE/FEDERAL GOVERNMENT TRANSPORT AUTOMOTIVE SOFTWARE FINANCE INTERNET ACCOUNTING DATA MANAGEMENT PROFESSIONAL SERVICES TECHNOLOGY PUBLIC POLICY/GOVERNMENT DATA ANALYTICS MARKETING COMMUNICATIONS TRANSPORTATION GENERAL AUTOMOTIVE TRAVEL SOURCE: Motus Copyright Business Wire 2024. PUB: 12/19/2024 03:22 PM/DISC: 12/19/2024 03:22 PM http://www.businesswire.com/news/home/20241219193381/enIntech Investment Management LLC Takes $796,000 Position in Nuvalent, Inc. (NASDAQ:NUVL)

FiBA AmeriCup qualifier: Canada downs Mexico 83-73 in Saskatoon to stay unbeaten

Since its introduction, Apple iPhone series have been a craze among smartphone enthusiasts across the globe. According to earlier reports, Apple was planning to launch bezel-less iPhone around 2025-2026 but now it seems highly unlikely. Latest reports from Korea have revealed that the dream of Apple offering a zero bezel iPhone will not be successful till 2027. According to the reports, Cupertino giant Apple has been working with Samsung Display and LG Display on a bezel-less iPhone screen for some years. However, the display might not be available for upcoming iPhones because the technology is not there yet, mentioned GSMArena citing Korean sources. Originally Apple had planned for a release of zero bezel iPhone in 2025 or 2026. However, the report from Korea has mentioned that a launch in 2026 is also highly unlikely. The zero bezel iPhone screen will not have any display on the side of the product. It will rather have a flat screen but with angled design of the existing iPhone. The display is designed in such a way that it will flow down the side of the iPhone. It will be quite similar to the display of the latest Apple Watch. Apple has not preferred to curve the screen enough that there is distortion on the edges. It seems that Apple is quite specific about its display and that cannot be implemented in mass production. Simply saying, the zero bezel iPhone will probably not be available for mass production till 2027.: Breaking his silence a day after the Maharashtra Assembly election results, NCP founder Sharad Pawar on Sunday indicated that he would not retire from active politics. He also said that the results were not as per his party’s expectations and they will analyse the election data to figure out what went wrong. He said it was possible that the “Batenge toh Karenge” slogan of UP chief minister Yogi Adityanath polarised the voters and participation of women voters helped the ruling parties. Sharad Pawar-led NCP (SP) was contesting Maharashtra Assembly election in Maha Vikas Aghai along with Congress and Uddhav Thackeray-led Shiv Sena (UBT). Mr. Pawar’s party won only 10 out of 87 Assembly seats contested, while the Congress and the Sena (UBT) had bagged 16 seats and 20 seats respectively. Speaking with the reporters for the first time after the results, Mr. Pawar accepted the defeat and called the Maharashtra mandate people’s decision. “We will have to study the results and work for people with renewed energy,” the 83 year-old leader said. The NCP founder also pointed out that the people of Maharashtra had supported the MVA in the Lok Sabha election, so the opposition parties were more confident about the Assembly election. “It appears that we were overconfident (on the people’s support). We need to work more for the state poll during the campaign,” he said. Mr. Pawar noted that Uttar Pradesh Chief Minister Yogi Adityanath’s slogan “Batenge toh Katenge” had polarised the people in the Assembly election. BJP’s star campaigner Yogi Adityanath had continuously raised the slogan, which intended to consolidate the Hindutva voters. Mr. Pawar also said that ruling parties also campaigned that if the MVA would be elected to power, the Ladki Behin scheme would be revoked. “It appears that because of the BJP campaign, the women had sided with the Mahayuti,” he said. In a response to a query over his retirement from politics, Mr. Pawar said that it would be decided by him and his party colleagues. On the questions raised by Shiv Sena (UBT) and Congress on the credibility of EVMs, the veteran politician said that he did not want to comment on the issue unless he gets some authentic information about the EVMs.

Consumer Electronics Ambient Light Sensor Als Market Set to Grow at 8.41% CAGR by 2032

LIVERPOOL: Curtis Jones fired Liverpool seven points clear at the top of the Premier League as the title favourites survived a scare in their 3-1 win against struggling Leicester on Thursday (Dec 26). Arne Slot's side were shocked by Jordan Ayew's early strike at Anfield, but the leaders recovered their composure to equalise just before the interval through Cody Gakpo. England midfielder Jones marked his 100th top-flight appearance with the second goal soon after half-time. Mohamed Salah's 19th goal this term wrapped up Liverpool's 11th win in their last 13 games in all competitions. Liverpool's comeback lifted them well clear of second-placed Chelsea, who were beaten 2-1 by Fulham earlier in the day. "Because we went 1-0 down it was a game before we made it 3-1 and then I think you saw how good we really are," Slot said. The rampant Reds, who hold a game in hand on Chelsea, have been beaten just once in 17 league matches this season. They have won 22 of their 26 games in all competitions in a remarkable run since Slot arrived from Feyenoord in the close-season to replace Jurgen Klopp. Klopp led Liverpool to their last Premier League title in 2020 and Slot has them perfectly positioned to emulate that feat in the second half of the season. "It's bit of a boring answer, but as a manager you go game by game because you know how many you still have to play," Slot said of Liverpool's title bid. "You see especially in the Premier League results that you didn't expect because teams have so much quality. "Maybe if it was the Eredivisie it would feel like this but not in this competition." Also through to the League Cup semi-finals and top of the Champions League, Liverpool, who travel to West Ham for their last match of the year on Sunday, will go into 2025 in contention of an unprecedented quadruple. Third-bottom Leicester are one point from safety after a third consecutive defeat. Salah nearly gave Liverpool the perfect start as his close-range effort smacked the post. But on a night when Anfield was surrounded by a murky mist, Liverpool's defence was lost in the fog in the sixth minute. RELENTLESS PRESSURE Stephy Mavididi surged away down the left wing and whipped in a low cross which Ayew controlled adroitly before spinning to smash a low shot past Alisson Becker at his near post. Liverpool's defence was unusually lax in the early stages and Leicester's Bilal El Khannouss was left unmarked for a volley that whistled over. But the tide soon turned and Darwin Nunez met Trent Alexander-Arnold's cross with a header that was deflected behind before Salah's chipped effort looped onto the roof of the net. Andrew Robertson was inches away from equalising when the Liverpool defender's header cannoned off the post. Slot's men were pouring forward in waves and Salah's curler ricocheted off the crossbar just before half-time. Gakpo ensured Liverpool would be rewarded for their relentless pressure on the stroke of half-time as the Dutch forward stroked a superb strike into the top corner from the edge of the area. Gakpo's 10th goal in all competitions this season was a familiar sight for Leicester boss Ruud van Nistelrooy, who coached him during their time at PSV Eindhoven. Leicester haven't won at Anfield in the Premier League since 2000 and their hopes of a historic victory were in tatters just four minutes into the second half. Sweeping into the Leicester area in a blur of pace and movement, Salah and Alexis Mac Allister teed up Jones to slot home from close range, with the goal surviving a lengthy VAR check for potential offside. Salah put the final flourish on Liverpool's stirring fightback, cutting in from the right flank to guide a fine finish into the far corner in the 82nd minute. Other results :