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Proof India has Australia’s number – and why worst is still to comeThis is CNBC's live blog covering Asia-Pacific markets. Asia-Pacific markets slid Tuesday, failing to track gains on Wall Street as U.S. benchmarks notched record highs following President-elect Donald Trump's choice for Treasury secretary. Philadelphia news 24/7: Watch NBC10 free wherever you are Australia's S&P/ASX 200 traded 0.28% lower, after hitting a new all-time closing high on Monday . Japan's Nikkei 225 shed 0.82%, while the Topix lost 0.64%. Japan's service PPI rose 2.9% year-on-year, compared to a 2.8% climb the previous month. The Kospi slid 0.40% in its first hour of trade. Hong Kong's Hang Seng index futures were at 19,245, higher than the HSI's last close of 19,150.99. Traders in Asia-Pacific will be monitoring the release of Singapore's manufacturing output for October. Reuters' analysts expect a 2.2% year-on-year climb, compared to a 9.8% increase in September. In the U.S., a rally in stocks propelled the Dow Jones Industrial Average, S&P 500, and the Russell 2000 index to reach new highs on Monday as investors cheered Trump's decision to nominate Scott Bessent, the founder of Key Square Group. The blue-chip Dow rose 440.06 points, or 0.99%, to 44,736.57. The broad S&P 500 gained 0.3% to end at 5,987.37. Both hit new all-time highs in the session, while the Dow also notched a fresh record close. The Nasdaq Composite ticked up 0.27%, finishing the day at 19,054.84. —CNBC's Alex Harring and Hakyung Kim contributed to this report. Trump vows an additional 10% tariff on China, 25% tariffs on Canada and Mexico President-elect Donald Trump plans to raise tariffs by an additional 10% on all Chinese goods coming into the U.S., according to a post Monday on his social media platform Truth Social . The post immediately followed one in which Trump said his first of "many" executive orders on Jan. 20 would impose tariffs of 25% on all products from Mexico and Canada. Trump is set to be inaugurated as the next U.S. president on Jan. 20. Read the full story here. —Evelyn Cheng Japan business service prices jump in October Japan's service producer price index for October came in at 2.9% , higher than September's 2.8%. The index, an indicator of the cost of various goods and services offered by businesses to other companies and government organizations, showed that postal services and hotel services are amongst the largest contributor to the monthly differences of yearly changes in October, the Bank of Japan reported. —Lee Ying Shan Russell 2000 outperforms, hits new all-time high Small-cap stocks saw outsized gains on Monday, continuing the recent trend and notching a new record. The Russell 2000 climbed 2% in the session and notched a fresh all-time high, surpassing a prior record set in 2021. With that, the index is up about 6.5% compared to one week ago. By comparison, the S&P 500 ticked up just about 0.3% in the session. Its one-week gain sits at just around 1.5%. This outperformance can be attributed to expectations for the group to benefit under President-elect Trump. That is because of the Republican's preference for less regulation, which is a stance typically considered good for smaller firms. — Alex Harring CNBC Pro: Barclays says these global stocks are ripe for share buybacks — and analysts give one 45% upside European equity markets might look "gloomy" right now, but Barclays noted that one investment strategy has delivered "solid outperformance" over recent months. "Buyback strategies remain a bright spot for Europe, with strong volumes and returns. Amid a gloomy equity market, our buyback announcement basket (BCEUBUYB) has outperformed by 4.6% since Oct," the investment bank's strategists wrote in a Nov. 21 research note. CNBC Pro subscribers can read more here. — Amala Balakrishner CNBC Pro: Hedge fund bets on a key oil and gas supply chain stock, expecting 300% upside Shares of a critical player in the shallow water oil and gas drilling industry, have received renewed backing from a hedge fund, with potential projected returns of 300% to 400%. The investment case is strengthened by several fundamental market dynamics, including a lack of supply with future demand expected to rise, according to the hedge fund manager. CNBC Pro subscribers can read more here. — Ganesh RaoFormer Google CEO Alarmed by Teen Boys Falling in Love With AI Girlfriends
Patrick Fishburn leads at Sea Island as Joel Dahmen keeps alive hopes of keeping his jobTaylor Swift's Eras Tour broke records and stadiums, Donald Trump won the US presidential election and Raygun kangaroo-hopped into history. or signup to continue reading 2024 was an Olympic-sized year; these are the stories that shaped it. First, Tasmanian-born Mary Donaldson was crowned Queen of Denmark after Queen Margrethe II abdicated her throne during her New Year's speech. Queen Mary met the now King Frederik X in Sydney in 2000, where they met a tourist destination for the Danish. Australia was King Charles III, the first visit by the British monarch since his coronation. Independent senator Lidia Thorpe stirred up controversy after protesting during a parliamentary ceremony. The Indigenous senator was for her comments but did little to dissuade Ms Thorpe. "I don't give a damn about a censure motion - in fact, I'm going to use it for kindling," she said at the time. Samantha Murphy was last seen on February 4, 2024, when she left her home in Ballarat to go jogging. After a significant search in an effort to find Ms Murphy, was charged with her murder. Ms Murphy's body has never been found. Swifties were overjoyed as Taylor Swift for three of the biggest shows ever at the Melbourne Cricket Ground and two more at Accor Stadium in Sydney. The tour was hugely successful for Swift who during the tour. Next year's biggest tour hitting our shores? and coming to Australia for the first time in two decades. Constable Beau Lamarre-Condon allegedly shot Luke Davies and Jesse Baird dead with a NSW Police Service weapon on February 19. in Bungonia on February 27, with Lamarre-Condon charged with the murders of the two men, with the case adjourned until next year. The nation was rocked , of six people who were murdered at Bondi Westfield. 18 people were stabbed by Joel Cauchi before he was shot dead by NSW Police inspector Amy Scott. The massacre would leave an enduring mark on the suburb. Two days after the stabbings in Bondi, Assyrian Bishop Mar Mari Emmanual was allegedly stabbed during a live-streamed sermon. 40 people were charged in relation to a riot outside Christ The Good Shepherd Church in Wakely following the alleged stabbing. NSW Police Commissioner Karen Webb , which grew into hundreds, "turned on police". Bruce Lehrman raped Brittany Higgins by the Federal Court's Justice Michael Lee in April. "Having escaped the lion's den, Mr Lehrmann made the mistake of coming back for his hat," he said. Accused mushroom cook killer Erin Patterson for her role in a deadly lunch in July 2023. Patterson was charged with three counts of murder and five counts of attempted murder after three people died following a lunch at her Gippsland home. Labor MP Josh Burns' office in St Kilda and was covered in red-painted slogans, including "Zionism is fascism" on June 19. "It was clearly politically motivated," Mr Burns said of the vandalism. Wikileaks founder returned to Australia after more than 14 years after his site published classified defence documents alleging war crimes committed by the United States in Iraq and Afghanistan. Landing in Canberra on June 26, home. "The case has dragged on for too long, there is nothing to be gained by his continued incarceration, and we want him brought home to Australia," Prime Minister Anthony Albanese said. The Construction, Forestry, and Maritime Employees Union (CFMEU) was hit with allegations of criminal behaviour and links with bikie gangs. The Victorian branch was on July 15, with the federal government appointing an independent administrator to take over the union. Workplace Relations Minister Tony Burke said the CFMEU's reported actions were "abhorrent" and "intolerable". Paris became the focus of all our attention at the end of July for the . Australians were highly successful, with 18 gold medals by the time of the closing ceremony, and sporting heroes like Jess Fox, and 14-year-old Arisa Trew were champions in their sports. The medalists were overshadowed by a different name in the months after the Olympics however. Dr Rachel Gunn went viral for her performance in breaking at the Olympics. and awkward ground game gave her a level of infamy which saw worldwide ridicule. Jimmy Fallon brought out comedian Rachel Dratch to impersonate the dancer and featured in Call of Duty. Universities across Australia were the site of . The Australian National University, University of Newcastle and University of Wollongong were just some of the campuses which saw 'tent cities' demanding business with Israel be ceased. The driver of the wedding bus in Greta, which saw 10 people killed, Brett Andrew Button, on September 11. Leoni Bowey, who lost her niece and sister in the coach rollover, was surprised at the lengthy term. "I came in not believing very much in the justice system, but the result that they got was tremendous for us," she said. to return to the Oval Office four years after being turfed out. The campaign featured an assassination attempt and a late candidate switch but saw Trump win 276 Electoral College votes to win. The Albanese government people under 16 from using certain social media platforms. Communications Minister Michelle Rowland said the bill was about "protecting young people, not punishing or isolating them". Alan Jones was and arrested on November 18. The former shock faced court on December 18, with assault charges relating to 10 alleged victims for historical sexual offences spanning almost two decades. Jones's lawyer, Bryan Wrench, said his client before a jury to clear his name. Reporter at the Illawarra Mercury, covering the local community. Got a tip? Send it through to me at joel.ehsman@austcommunitymedia.com.au. He/Him Reporter at the Illawarra Mercury, covering the local community. Got a tip? Send it through to me at joel.ehsman@austcommunitymedia.com.au. He/Him Advertisement Sign up for our newsletter to stay up to date. We care about the protection of your data. Read our . AdvertisementHybrid Commercial Legal Services Market to Witness Stunning Growth with EY, Deloitte Legal, UnitedLex
Windhoek: Logistical issues meant that thousands of Namibians were still waiting to vote in pivotal presidential and legislative elections late on Wednesday as the polling stations were scheduled to close. The vote could usher in the desert nation's first woman leader even as her party, the ruling South West Africa People's Organisation (SWAPO) faces the strongest challenge yet to its 34-year grip on power. Some voters told AFP they queued all day, for up to 12 hours, blaming technical problems which included issues with voter identification tablets or insufficient ballot papers. According to Namibia's electoral law, those in the queue before the polls closed -- scheduled at 9:00 pm (1900 GMT) -- should be allowed to vote. "We have the obligation to make sure that they pass their vote," said Petrus Shaama, chief officer of the Electoral Commission of Namibia (ECN). The main opposition party, the Independent Patriots for Change (IPC) has blamed the ECN for the long lines and cried foul play. "We have reason to believe that the ECN is deliberately suppressing voters and deliberately trying to frustrate voters from casting their vote," said Christine Aochamus of the IPC. She said the party had "started the process" of approaching a court "to order the ECN to extend the voting time". At one polling station inside Namibia's University of Science and Technology in the capital Windhoek, hundreds of people were still in line at 09:00 pm despite some having arrived at 6:00 am, an hour before polls opened. It was a similar situation at the Museum of Independence, according to an AFP reporter, where one voter said he arrived 12 hours earlier and was still in line with hundreds of others. SWAPO's candidate and current vice president, Netumbo Nandi-Ndaitwah, was one of the first to vote and called on Namibians "to come out in their numbers". An estimated 1.5 million people in the sparsely populated nation had registered to cast their ballot. SWAPO has governed since leading mineral-rich Namibia to independence from South Africa in 1990 but complaints about unemployment and enduring inequalities could force Nandi-Ndaitwah into an unprecedented second round. Leader of the IPC, Panduleni Itula, a former dentist and lawyer said he was optimistic he could "unseat the revolutionary movement". "We will all march from there and to a new dawn and a new era of how we conduct our public affairs in this country," the 67-year-old told reporters after voting. Itula took 29 percent of votes in the 2019 elections, losing to SWAPO leader Hage Geingob with 56 percent. It was a remarkable performance considering Geingob, who died in February, had won almost 87 percent five years before that. Namibia is a major uranium and diamond exporter but not many of its nearly three million people have benefitted from that wealth. "There's a lot of mining activity that goes on in the country, but it doesn't really translate into improved infrastructure, job opportunities," said independent political analyst Marisa Lourenco, based in Johannesburg. "That's where a lot of the frustration is coming from, (especially) the youth," she said. Unemployment among 15- to 34-year-olds is estimated at 46 percent, according to the latest figures from 2018, almost triple the national average. For the first time in Namibia's recent history, analysts say a second round is a somewhat realistic option. That would take place within 60 days of the announcement of the first round of results due by Saturday. "The outcome will be tight," said self-employed Hendry Amupanda, 32, who queued since 9:00 pm the night before to cast his ballot. "I want the country to get better and people to get jobs," said Amupanda, wearing slippers and equipped with a chair, blanket and snacks. Marvyn Pescha, a self-employed consultant, said his father was part of SWAPO's liberation struggle and he was not going to abandon the party. "But I want SWAPO to be challenged for better policies. Some opportunistic leaders have tarnished the reputation of the party, they misuse it for self-enrichment," the 50-year-old said. While lauded for leading Namibia to independence, SWAPO is nervous about its standing after other liberation-era movements in the region have lost favour with young voters. In the past six months, South Africa's African National Congress lost its parliamentary majority and the Botswana Democratic Party was ousted after almost six decades in power.
BOCA RATON, Fla. (AP) — Zach Kittley ran one of the nation’s best offenses at Texas Tech. Florida Atlantic has given him a bigger challenge. Kittley — the Texas Tech offensive coordinator for the last three seasons — is the new head coach at FAU, with the deal getting announced on Monday night. Kittley met the Owls’ players at a team meeting not long after his agreement with FAU was finalized. “He is a man of high integrity and character, with an incredible reputation in the profession for player development,” FAU athletic director Brian White said. “Zach is one of the most innovative offensive minds in the game, and I am confident in his ability to build a championship program with an exciting brand of football that can be a source of pride for our fans, our alumni, and the FAU community.” The 33-year-old Kittley will be formally introduced at a news conference Friday, the school said. “I know we can win here, and we have tremendous leadership from the top down to create a championship program,” Kittley said. “I am excited to get to know the student-athletes, build a staff, and get out in the community, and engage our tremendous supporters.” Kittley is replacing Tom Herman, with two games left in his second year at the school. Kittley had stints as offensive coordinator at Houston Baptist and Western Kentucky before returning to Texas Tech — his alma mater — in 2022 in the same role. The Red Raiders have averaged 435 yards per game over the last three seasons under Kittley, 22nd best among all FBS teams. This season saw the Red Raiders rank among the nation’s best offenses: They were eighth in yards per play, eighth in points per game, 10th in yards per game and did all that at a pace nearly unmatched nationally. Texas Tech averaged 78.25 plays per game this season, just behind Syracuse’s 78.33 for the national lead. As a student assistant, then graduate assistant and assistant quarterbacks coach at Texas Tech, Kittley helped coach Patrick Mahomes — the Kansas City Chiefs star, NFL MVP and Super Bowl champion — during his collegiate career. FAU President Stacy Volnick called Kittley “an ideal fit.” “What was clearly evident to me was Zach’s passion and excitement for the potential at Florida Atlantic,” Volnick said. “He is an incredibly impressive person. I am excited about his authenticity, his energy, and his family-oriented approach.” The Owls went 3-9 this season, their fourth consecutive losing record. Lane Kiffin went 27-13 with two bowl wins in his three seasons at FAU; the Owls are 22-35 in five seasons since Kiffin left for Ole Miss after the 2019 campaign. Kittley becomes the ninth coach in program history, after program founder Howard Schnellenberger, Carl Pelini, Brian Wright, Charlie Partridge, Kiffin, Willie Taggart, Herman and Chad Lunsford — the interim coach for the final two games this season. ___ Get poll alerts and updates on the AP Top 25 throughout the season. Sign up . AP college football: andGlobal Mail Server Software Market Size, Share and Forecast By Key Players-Postfix,Exim,Axigen,agorum core,Apache James
World leaders sent condolences to South Korea on Sunday after the country suffered its deadliest airplane crash, with 179 people killed when their aircraft went up in flames. Only two people survived when the Jeju Air Boeing 737-800 plane skidded off the runway and slammed into a wall at Muan International Airport. As relatives of those on board gathered at the airport in grief, leaders expressed their sympathy. – China ‘shocked’ – Chinese President Xi Jinping said he was “shocked” to learn of the crash, in a message to South Korea’s acting president Choi Sang-mok. “I express our deep condolences to the victims, sincere sympathy for the victims’ families, and wish those injured a speedy recovery,” he said, quoted by China’s state broadcaster CCTV. – EU ‘heartbroken’ – EU chief Ursula von der Leyen said she was “heartbroken to see images of the plane crash in Muan”. “As your partner, Europe stands with you in this time of grief,” the European Commission president said. – Pope offers prayers – Pope Francis, who visited South Korea a decade ago, told worshippers at the Vatican that he joins “in prayer for the survivors and the dead”. “My thoughts are with the many families in South Korea who are mourning today following the dramatic plane crash,” Francis said. – France mourns ‘terrible toll’ – France’s foreign ministry said that Paris learnt “with great emotion the terrible toll” and sent condolences to the affected families. – Germany sees ‘incredible loss’ – German President Frank-Walter Steinmeier said the crash is “yet another blow to the nation’s heart” after “a difficult period” — alluding to weeks of political turmoil in Seoul. Related News Plane crash: Nigeria offers condolences to South Korea 96 die in South Korea plane crash Putin apologises to Azerbaijan over plane crash “This is an incredible loss and pain” for the friends and families of those killed, Steinmeier said. – Greece ‘profoundly saddened’ – “Profoundly saddened by the tragic incident”, Greece’s foreign affairs ministry said on X, sending condolences “during this difficult time”. – Iran sends condolences – Tehran expressed its “condolences and sympathy to the government and people of the Republic of Korea and Thailand”, the departure point of the plane which had two Thai nationals on board. Foreign ministry spokesman Esmaeil Baghaei addressed “the families of the victims, and wished a speedy recovery for the injured of this tragic incident”. – IATA ‘shocked’, ‘saddened’ – “We are shocked and saddened by the accident involving Jeju Air flight 7C2216. Our thoughts and prayers are with the passengers and crew on the flight and their loved ones,” the International Air Transport Association, which represents some 340 airlines that comprise 80 percent of air traffic, said in a statement. – Serbia ‘disbelief’ – “As we watch with disbelief the horrific scenes from the crash site, our thoughts are with the families of those who lost their lives,” President Aleksandar Vucic wrote on X, adding that he was “deeply shaken”. – Spain ‘profoundly shocked’ – Spain’s foreign ministry said that Madrid was “profoundly shocked by the terrible accident”, sending condolences and “all our solidarity” to those affected. – Turkey ‘deeply saddened’ – “We are deeply saddened by the tragic plane crash that occurred at Muan International Airport in our friend, the Republic of Korea,” President Recep Tayyip Erdogan said in a post on X. AFP
The Nasdaq and the S&P 500 hit records Monday as Fed officials hinted at a rate cut in December. The Fed's Bostic and Waller nodded to a rate cut this month amid balanced economic and inflation risks. Investors are focused on economic data and holiday sales as the market anticipates the Fed's decision. US stocks traded mostly higher on Monday, with technology stocks helping the Nasdaq and the S&P 500 hit records as members of the Federal Reserve talked about the potential for another interest rate cut later this month. Fed President Raphael Bostic told reporters on Monday that while he's undecided on whether to cut rates at the Fed's FOMC meeting on December 18, he's keeping his "options open." "The risks to achieving the committee's dual mandates of maximum employment and price stability have shifted such that they are roughly in balance, so we likewise should begin shifting monetary policy toward a stance that neither stimulates nor restrains economic activity," Bostic wrote in an essay released on Monday. Meanwhile, Fed Governor Christopher Waller said Monday that he is "leaning toward" an interest rate cut. "Based on the economic data in hand today and forecasts that show that inflation will continue on its downward path to 2 percent over the medium term, at present I lean toward supporting a cut to the policy rate at our December meeting," said at a forum in Washington. According to the CME FedWatch Tool, markets see a 77% chance of a Fed rate cut at the December 18 FOMC meeting. That chance was at 65% earlier this morning. With the third-quarter earnings season mostly over, investors will turn their attention to economic data as the holiday shopping season heats up. Here's where US indexes stood at the 4:00 p.m. closing bell on Monday: S&P 500 : 6,047.15, up 0.24% Dow Jones Industrial Average : 44,782.00, down 0.29% (-128.65 points) Nasdaq composite : 19,403.95, up 0.97% The retail deal season continued following Black Friday, with Cyber Monday deals set to take over this week. According to data from Mastercard Spending Pulse, there was a 3.4% year-over-year increase in US retail sales on Black Friday, which included both in-person and online sales. The bulk of the Black Friday sales gains came from online sales, which were up 14.6%, compared to just a 0.7% increase in in-store sales, according to Mastercard. "Black Friday was a good indicator of how the holiday season is positively shaping up," said Michelle Meyer, chief economist at Mastercard Economics Institute. "Our real-time insights show that consumers are comfortably in the gift-giving spirit as price reductions and deals occur across sectors, supporting budgets for holiday shopping." Turning to economic data this week, investors will be eyeing November auto sales data on Tuesday, ADP employment data on Wednesday, and the November jobs report on Friday. The November nonfarm payroll report on Friday will be a particularly important input for the Fed's next policy decision as it looks to gauge how much it needs to do to prop up the economy. Economists expect 214,000 added in November, for a spike in hiring activity following October's dismal reading of 12,000 new hires. Here's what else happened today: Intel CEO Pat Gelsinger resigned from the company on Sunday, marking the end of a tumultuous three-year tenure. Donald Trump said he would levy a 100% tariff on countries that give up the US dollar. Super Micro Computer soared 31% after the company said it found no evidence of accounting fraud. President Joe Biden issued a pardon for his son Hunter Biden, who pleaded guilty to federal gun and tax evasion charges. Here's why the stock market crushed expectations in 2024. In commodities, bonds, and crypto: West Texas Intermediate crude oil rose 0.10% to $68.07 a barrel. Brent crude , the international benchmark, was flat at $71.84 a barrel. Gold declined 0.66% to $2,662.90 an ounce. The 10-year Treasury yield jumped 2 basis points to 4.193%. Bitcoin fell 1.59% to $95,730.
TrutanklessTM Shipping GEN3: Redefining Electric Tankless Water HeatingTSX (Toronto Stock Exchange) TORONTO, Dec. 19, 2024 (GLOBE NEWSWIRE) — BlackRock Asset Management Canada Limited (“ ”), an indirect, wholly-owned subsidiary of BlackRock, Inc. (“ ”) (NYSE: BLK) announced on November 8, 2024, that it called a special meeting of unitholders (the “ ”) of the iShares Premium Money Market ETF (the “ ”), to originally be held on or about January 22, 2025 to approve a change to the investment objective of the iShares Fund to permit investments in asset-backed commercial paper (the “ ”). As a result of the Canada Post labour disruption, BlackRock Canada is postponing the Meeting to February 3, 2025. BlackRock Canada is holding the Meeting solely as a virtual (online) meeting by way of live audio webcast. In accordance with applicable securities laws, a management information circular relating to the Proposal (the “ ”) will be made available to unitholders in advance of the Meeting. Notice of the Meeting and information outlining the procedures for accessing the Circular online (or requesting a copy thereof) will be mailed on or about January 3, 2025. Unitholders of record of the iShares Fund at the close of business on December 5, 2024, will be entitled to receive notice of, and vote at, the Meeting. The Circular will also be made available on and and will include additional details regarding the Proposal. Unitholders of record are entitled to vote: (i) by completing, signing and dating their voting instruction form and returning it by mail following the directions provided in the voting instruction form; (ii) via the Internet at ; or (iii) by calling the applicable number listed on the voting instruction form. Unitholders of record may experience significant delays in mail delivery due to the impacts of the Canada Post labour disruption. Unitholders of record are encouraged to use the alternative methods to submit voting instructions to avoid any delay. Unitholders of record who have not received their control numbers as a result of the Canada Post labour disruption may contact their brokers in order to obtain their control numbers in order to vote their units. If the change to the investment objective is approved by unitholders of the iShares Fund, BlackRock Canada expects that the Proposal will be effective as of February 7, 2025. For more information about the iShares Fund, please visit . BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit . iShares unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty years of experience, a global line-up of 1400+ exchange traded funds (ETFs) and US$4.2 trillion in assets under management as of September 30, 2024, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock. iShares® ETFs are managed by BlackRock Asset Management Canada Limited. Sydney Punchard Email: Sydney.Punchard@blackrock.com
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