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NEW YORK (AP) — U.S. stocks closed at more records after Donald Trump’s latest talk about tariffs created only some ripples on Wall Street. The S&P 500 rose 0.6% to reach another all-time high. The Dow Jones Industrial Average added 0.3% to its own record set the day before, while the Nasdaq composite rose 0.6% as Big Tech stocks helped lead the way. Stock markets abroad saw mostly modest losses, after President-elect Trump said he plans to impose sweeping tariffs on Mexico, Canada and China as soon as he takes office. U.S. automakers and other companies that could be hurt particularly by such tariffs fell. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. NEW YORK (AP) — U.S. stocks are rising toward records Tuesday after Donald Trump’s latest talk about tariffs created only some ripples on Wall Street, even if they could roil the global economy were they to take effect. The S&P 500 climbed 0.5% and was on track to top its all-time high set a couple weeks ago. The Dow Jones Industrial Average added 81 points, or 0.2%, to its own record set the day before, while the Nasdaq composite was 0.5% higher, with less than an hour remaining in trading. Stock markets abroad were down, but mostly only modestly, after President-elect Trump said he plans to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office. Stock indexes were down 0.1% in Shanghai and nearly flat in Hong Kong, while Canada's main index edged down by just 0.1%. Trump has often praised the use of tariffs , but investors are weighing whether his latest threat will actually become policy or is just an opening point for negotiations. For now, the market seems to be taking it more as the latter. Unless the United States can prepare alternatives for the autos, energy products and other goods that come from Mexico, Canada and China, such tariffs would raise the price of imported items all at once and make households poorer, according to Carl Weinberg and Rubeela Farooqi, economists at High Frequency Economics. They would also hurt profit margins for U.S. companies, while raising the threat of retaliatory tariffs by other countries. General Motors sank 8.2%, and Ford Motor fell 2.6% because both import automobiles from Mexico. Constellation Brands, which sells Modelo and other Mexican beer brands in the United States, dropped 3.9%. Beyond the pain such tariffs would cause U.S. households and businesses, they could also push the Federal Reserve to slow or even halt its cuts to interest rates. The Fed had just begun easing its main interest rate from a two-decade high a couple months ago to offer support to the job market . While lower interest rates can boost the overall economy and prices for investments, they can also offer more fuel for inflation. “Many” officials at the Fed's last meeting earlier this month said they should lower rates gradually, according to minutes of the meeting released Tuesday afternoon. Unlike tariffs in Trump's first term, his proposal from Monday night would affect products across the board. Trump’s tariff talk came almost immediately after U.S. stocks rose Monday amid excitement about his pick for Treasury secretary, Scott Bessent. The hope was the hedge-fund manager could steer Trump away from policies that balloon the U.S. government deficit, which is how much more it spends than it takes in through taxes and other revenue. The talk about tariffs overshadowed another set of mixed profit reports from U.S. retailers that answered few questions about how much more shoppers can keep spending. They’ll need to stay resilient after helping the economy avoid a recession, despite the high interest rates instituted by the Fed to get inflation under control. Kohl’s tumbled 17.6% after its results for the latest quarter fell short of analysts’ expectations. CEO Tom Kingsbury said sales remain soft for apparel and footwear. A day earlier, Kingsbury said he plans to step down as CEO in January. Ashley Buchanan, CEO of Michaels and a retail veteran, will replace him. Best Buy fell 4.7% after likewise falling short of analysts’ expectations. Dick’s Sporting Goods topped forecasts for the latest quarter thanks to a strong back-to-school season, but its stock lost an early gain to fall 1.4%. A report on Tuesday from the Conference Board said confidence among U.S. consumers improved in November, but not by as much as economists expected. J.M. Smucker jumped 5.4% for one of the biggest gains in the S&P 500 after topping analysts' expectations for the latest quarter. CEO Mark Smucker credited strength for its Uncrustables, Meow Mix, Café Bustelo and Jif brands. Big Tech stocks also helped prop up U.S. indexes. Gains of 2.8% for Amazon and 2% for Microsoft were the two strongest forces lifting the S&P 500. In the bond market, Treasury yields rose following their big drop from a day before driven by relief following Trump’s pick for Treasury secretary. The yield on the 10-year Treasury climbed to 4.30% from 4.28% late Monday, but it’s still well below the 4.41% level where it ended last week. In the crypto market, bitcoin continued to pull back after topping $99,000 for the first time late last week. It's since dipped back toward $91,600, according to CoinDesk. It’s a sharp turnaround from the bonanza that initially took over the crypto market following Trump’s election. That boom had also appeared to have spilled into some corners of the stock market. Strategists at Barclays Capital pointed to stocks of unprofitable companies, along with other areas that can be caught up in bursts of optimism by smaller-pocketed “retail” investors. AP Business Writer Elaine Kurtenbach contributed. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. Get the latest local business news delivered FREE to your inbox weekly.TIMMINS - Progress is being made on a new francophone health centre. Construction on the Centre de santé communautaire de Timmins (CSC Timmins) is set to be completed by June 2025. The facility, located at 120 Kent Ave., will enhance accessibility, expand services and provide space for community programs. In mid-December, CSC Timmins executive director Michelle Stevens said the crews were working on the interior framing work. “There were other buildings that were on that property prior. So there were a couple hurdles with regards to site work and finding some concrete and some original sewage tanks from way back,” she said. The project has stayed on track and on budget, Stevens said. Ground was broken in May of this year, with the project being funded by over $16 million from the province, including $1.1 million for early planning and $15.6 million for construction. SEE: Ground officially broken on new Timmins health centre The previous building on the site, the former École catholique St-Charles, was demolished in 2022. The medical clinic is currently operating at the Timmins Square, and the administrative staff has been working from offices on Wilson Avenue while the new facility is completed. The new facility will improve operations and accessibility for both staff and clients, Stevens said. The consolidation of services will eliminate confusion around appointment locations, reduce barriers for clients and foster stronger internal communication among team members. “It will just take away so many barriers to accessibility for clients. Remove confusion with regards to location of appointments. It will strengthen the team and the internal communication within team members. We’re counting down the days,” she said. The new space will allow the centre to offer community programming currently limited by a lack of facilities, Stevens said. Programs such as fall prevention, chair yoga and brain function activities will be held on-site rather than in rented gyms or outdoor spaces. Stevens said patients can look forward to easier parking, a single-level building with no stairs and a streamlined experience where multiple services — such as nurse practitioner visits, physiotherapy and social work — can all happen under one roof, in a safe location. “It’s stressful for clients to move around from one location to the other. Especially for the older population, parking is an issue,” she said. Stevens highlighted the benefits of the new design. “Because we don’t have sufficient exam rooms right now, we have to offer a lot of virtual appointments and structure schedules in a way that’s more complicated for staff. With the new centre, we’ll be able to open up so many more in-person appointments with access to exam rooms,” she said. The facility will also include sufficient exam rooms to offer paediatric services to the community and surrounding areas at large, as well as to accommodate “baby orphan patients.”
MOSCOW: Russia fired a hypersonic intermediate-range ballistic missile at the city of Dnipro on Thursday (Nov 21) in response to the US and UK allowing Kyiv to strike Russian territory with advanced Western weapons, in a further escalation of the 33-month-old war. Russian President Vladimir Putin, in a televised address, said Moscow struck a Ukrainian military facility with a new ballistic missile known as "Oreshnik" (the hazel) and warned that more could follow. "A regional conflict in Ukraine previously provoked by the West has acquired elements of a global character," Putin said in an address to the nation carried by state television after 8pm Moscow time (1700 GMT). A US official said that Washington was pre-notified by Russia shortly before its strike, while another said they had briefed Kyiv and other close allies in recent days to prepare for the possible use of such a weapon. Earlier on Thursday, Kyiv said that Russia had fired an intercontinental ballistic missile (ICBM), a weapon designed for long-distance nuclear strikes and never before used in war, though US officials said it was an intermediate range ballistic missile that has a smaller range. Regardless of its classification, the latest strike highlighted rapidly rising tensions in the past several days. Ukraine fired US and British missiles at targets inside Russia this week despite warnings by Moscow that it would see such action as a major escalation. "Today there was a new Russian missile. All the characteristics - speed, altitude - are (of an) intercontinental ballistic (missile). An expert (investigation) is currently underway," Ukrainian President Volodymyr Zelenskyy said in a video statement. Ukraine's foreign ministry urged the international community to react swiftly to the use of what it said was "the use by Russia of a new type of weaponry." A US official, speaking on condition of anonymity, said Russia likely possesses a handful of the "experimental" intermediate-range ballistic missiles used in Thursday's strike. Ukraine's air force said the missile targeted Dnipro in central-eastern Ukraine and was fired from the Russian region of Astrakhan, more than 700km away. It did not specify what kind of warhead the missile had or what type of missile it was. There was no suggestion it was nuclear-armed. Intermediate-range ballistic missiles have a range of 3,000km to 5,500km. "Whether it was an ICBM or an IRBM, the range isn't the important factor," said Fabian Hoffmann, a doctoral research fellow at Oslo university who specialises in missile technology and nuclear strategy. "The fact that it carried a MIRVed (Multiple independently targetable reentry vehicle) payload is much more significant for signaling purposes and is the reason Russia opted for it. This payload is exclusively associated with nuclear-capable missiles." Russia also fired a Kinzhal hypersonic missile and seven Kh-101 cruise missiles, six of which were shot down, the Ukrainian air force said. The attack targeted enterprises and critical infrastructure in Dnipro, the air force said. Dnipro was a missile-making centre in the Soviet era. Ukraine has expanded its military industry during the war, but keeps its whereabouts secret. The air force did not say what the missile targeted or whether it had caused any damage, but regional governor Serhiy Lysak said the missile attack damaged an industrial enterprise and set off fires in Dnipro. Two people were hurt. Ukrainska Pravda, a Kyiv-based media outlet, had cited anonymous sources saying the missile was an RS-26 Rubezh, a solid-fuelled intercontinental ballistic missile with a range of 5,800km, according to the Arms Control Association. "TOTALLY UNPRECEDENTED" A group of glowing projectiles could be seen plummeting to the ground from the night sky in a video published by Come Back Alive, a Ukrainian military charity. It said the video was of Dnipro overnight. The NATO military alliance did not respond to a request for comment. The US European Command said it had nothing on the reported use of an ICBM and referred questions to the US Department of Defense. Some military experts said the missile launch, if confirmed, could be seen as an act of deterrence by Moscow following Kyiv's strikes into Russia with Western weapons this week, after restrictions on such strikes were lifted. Russian war correspondents on Telegram and an official speaking on condition of anonymity said Kyiv fired British Storm Shadow cruise missiles into Russia's Kursk region bordering Ukraine on Wednesday. Russia's defence ministry, in its daily report of events over the previous 24 hours on Thursday, said air defences had shot down two British Storm Shadow cruise missiles but did not say where. Britain had previously let Ukraine use Storm Shadows only within Ukrainian territory. Ukraine also fired US ATACMS missiles into Russia on Tuesday after US President Joe Biden gave the all-clear to use such missiles in this way, two months before he leaves office and Donald Trump returns to the White House. Putin on Tuesday lowered the threshold for a nuclear strike in response to a broader range of conventional attacks. Trump has said he will end the war, without saying how, and has criticised billions of dollars in aid for Ukraine under Biden. The warring sides believe Trump is likely to push for peace talks - not known to have been held since the war's earliest months - and are trying to attain strong positions before negotiations. Moscow has said the use of Western weapons to strike Russian territory far from the border would be a major escalation in the conflict. Kyiv says it needs the capability to defend itself by hitting Russian rear bases used to support Moscow's February 2022 invasion.
The president-elect, in a wide-ranging interview with NBC's "Meet the Press" that aired Sunday, also touched on monetary policy, immigration, abortion and health care, and U.S. involvement in Ukraine, Israel and elsewhere. Trump often mixed declarative statements with caveats, at one point cautioning "things do change." Here's a look at some of the issues covered: Trump hems on whether trade penalties could raise prices Trump threatened broad trade penalties, but said he didn't believe economists' predictions that added costs on those imported goods for American companies would lead to higher domestic prices for consumers. He stopped short of a pledge that U.S. an households won't be paying more as they shop. "I can't guarantee anything. I can't guarantee tomorrow," Trump said, seeming to open the door to accepting the reality of how import levies typically work as goods reach the retail market. That's a different approach from Trump's typical speeches throughout the 2024 campaign, when he framed his election as a sure way to curb inflation. In the interview, Trump defended tariffs generally, saying that tariffs are "going to make us rich." He has pledged that, on his first day in office in January, he would impose 25% tariffs on all goods imported from Mexico and Canada unless those countries satisfactorily stop illegal immigration and the flow of illegal drugs such as fentanyl into the United States. He also has threatened tariffs on China to help force that country to crack down on fentanyl production. "All I want to do is I want to have a level, fast, but fair playing field," Trump said. Trump suggests retribution for his opponents while claiming no interest in vengeance He offered conflicting statements on how he would approach the justice system after winning election despite being convicted of 34 felonies in a New York state court and being indicted in other cases for his handling of national security secrets and efforts to overturn his 2020 loss to Democrat Joe Biden. "Honestly, they should go to jail," Trump said of members of Congress who investigated the Capitol riot by his supporters who wanted him to remain in power. The president-elect underscored his contention that he can use the justice system against others, including special prosecutor Jack Smith, who led the case on Trump's role in the siege on Jan. 6, 2021. Trump confirmed his plan to pardon supporters who were convicted for their roles in the riot, saying he would take that action on his first day in office. As for the idea of revenge driving potential prosecutions, Trump said: "I have the absolute right. I'm the chief law enforcement officer, you do know that. I'm the president. But I'm not interested in that." At the same time, Trump singled out lawmakers on a special House committee who investigated the insurrection, citing Rep. Bennie Thompson, D-Miss., and former Rep. Liz Cheney, R-Wyo. "Cheney was behind it ... so was Bennie Thompson and everybody on that committee," Trump said. Asked specifically whether he would direct his administration to pursue cases, he said, "No," and suggested he did not expect the FBI to quickly undertake investigations into his political enemies. At another point, Trump said he would leave the matter up to Pam Bondi, his pick as attorney general. "I want her to do what she wants to do," he said. Such threats, regardless of Trump's inconsistencies, have been taken seriously enough by many top Democrats that Biden is considering issuing blanket, preemptive pardons to protect key members of his outgoing administration. Trump did seemingly back off his campaign rhetoric calling for Biden to be investigated, saying, "I'm not looking to go back into the past." Swift action on immigration is coming Trump repeatedly mentioned his promises to seal the U.S.-Mexico border and deport millions of people who are in the U.S. illegally through a mass deportation program. "I think you have to do it," he said. He suggested he would try to use executive action to end "birthright" citizenship under which people born in the U.S. are considered citizens — though such protections are spelled out in the Constitution. Asked specifically about the future for people who were brought into the country illegally as children and were shielded from deportation in recent years, Trump said, "I want to work something out," indicating he might seek a solution with Congress. But Trump also said he does not "want to be breaking up families" of mixed legal status, "so the only way you don't break up the family is you keep them together and you have to send them all back." Trump commits to NATO, with conditions, and waffles on Putin and Ukraine Long a critic of NATO members for not spending more on their own defense, Trump said he "absolutely" would remain in the alliance "if they pay their bills." Pressed on whether he would withdraw if he were dissatisfied with allies' commitments, Trump said he wants the U.S. treated "fairly" on trade and defense. He waffled on a NATO priority of containing Russia and President Vladimir Putin. Trump suggested Ukraine should prepare for less U.S. aid in its defense against Putin's invasion. "Possibly. Yeah, probably. Sure," Trump said of reducing Ukraine assistance from Washington. Separately, Trump called for an immediate cease-fire. Asked about Putin, Trump said initially that he has not talked to the Russian leader since Election Day last month, but then hedged. "I haven't spoken to him recently," Trump said when pressed, adding that he did not want to "impede the negotiation." Trump says Powell is safe at the Fed, but not Wray at the FBI The president-elect said he has no intention, at least for now, of asking Federal Reserve Chairman Jerome Powell to step down before Powell's term ends in 2028. Trump said during the campaign that presidents should have more say in Fed policy, including interest rates. Trump did not offer any job assurances for FBI Director Christopher Wray, whose term is to end in 2027. Asked about Wray, Trump said: "Well, I mean, it would sort of seem pretty obvious" that if the Senate confirms Kash Patel as Trump's pick for FBI chief, then "he's going to be taking somebody's place, right? Somebody is the man that you're talking about." Trump is absolute about Social Security, not so much on abortion and health insurance Trump promised that the government efficiency effort led by Elon Musk and Vivek Ramaswamy will not threaten Social Security. "We're not touching Social Security, other than we make it more efficient," he said. He added that "we're not raising ages or any of that stuff." He was not so specific about abortion or his long-promised overhaul of the Affordable Care Act. On abortion, Trump continued his inconsistencies and said he would "probably" not move to restrict access to the abortion pills that now account for a majority of pregnancy terminations, according to the Guttmacher Institute, which supports abortion rights. But pressed on whether he would commit to that position, Trump replied, "Well, I commit. I mean, are — things do — things change. I think they change." Reprising a line from his Sept. 10 debate against Vice President Kamala Harris, Trump again said he had "concepts" of a plan to substitute for the 2010 Affordable Care Act, which he called "lousy health care." He added a promise that any Trump version would maintain insurance protections for Americans with preexisting health conditions. He did not explain how such a design would be different from the status quo or how he could deliver on his desire for "better health care for less money."Waters Co. (NYSE:WAT) Shares Purchased by Public Sector Pension Investment Board
In conclusion, the recent drop in the 7-day annualized yield of money market funds below 1.5% reflects the significant impact of the downward adjustment of interbank deposit rates. Investors should stay informed about the evolving interest rate environment and be prepared to adjust their investment portfolios accordingly to optimize returns and mitigate risks in the current market conditions.
Title: "From East to West: The Stark Contrast Between Selling the 'East-facing House' and Moving into the 'West-facing House'"Nadine Merabi's celebrity-approved bridal jumpsuit is cut to half price in rare sale
In the end, John learned to embrace the unpredictability of life and the humor in unexpected situations. Dexter the teddy bear may not have been what he was expecting, but he turned out to be a quirky and lovable companion that brought a smile to his face every day. Sometimes, a little mix-up can lead to a story worth sharing for years to come.
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In response to these criticisms, Wang Chuqin has underscored the need to strike a balance between technology and tradition in the sport. While embracing advancements like Falcon Eye can undoubtedly improve the accuracy and fairness of matches, he acknowledges the importance of preserving the core values and spirit of table tennis that have endeared it to fans worldwide.
Madhya Pradesh HC stays Religare AGM on investor's pleaLooking ahead, Taobao Global is poised to continue its growth trajectory and expand its presence in key markets around the world. With a strong commitment to customer satisfaction, product quality, and technological innovation, Taobao Global is well-positioned to capitalize on the evolving trends in global e-commerce and solidify its position as a leading player in the international online shopping landscape.SYRIA | UNDER SIEGE BEIRUT — Insurgents' stunning march across Syria accelerated Saturday with news that they had reached the gates of the capital and that government forces had abandoned the central city of Homs. The government denied rumors that President Bashar Assad had fled the country. The loss of Homs is a potentially crippling blow for Assad. It stands at an important intersection between Damascus, the capital, and Syria's coastal provinces of Latakia and Tartus — the Syrian leader's base of support and home to a Russian strategic naval base. The pro-government Sham FM news outlet reported that government forces took positions outside Syria's third-largest city, without elaborating. Rami Abdurrahman who heads the Britain-based Syrian Observatory for Human Rights, said Syrian troops and members of different security agencies have withdrawn from the city, adding that rebels have entered parts of it. The insurgency announced later Saturday that it had taken over Homs. The city's capture is a major victory for the rebels, who have already seized the cities of Aleppo and Hama, as well as large parts of the south, in a lightning offensive that began Nov. 27. Analysts said rebel control of Homs would be a game-changer. The rebels' moves around Damascus, reported by the monitor and a rebel commander, came after the Syrian army withdrew from much of southern part of the country, leaving more areas, including several provincial capitals, under the control of opposition fighters. For the first time in the country's long-running civil war, the government now has control of only three of 14 provincial capitals: Damascus, Latakia and Tartus. The advances in the past week were among the largest in recent years by opposition factions, led by a group that has its origins in al-Qaida and is considered a terrorist organization by the U.S. and the United Nations. In their push to overthrow Assad's government, the insurgents, led by the Hayat Tahrir al-Sham group, or HTS, have met little resistance from the Syrian army. The rapid rebel gains, coupled with the lack of support from Assad's erstwhile allies, posed the most serious threat to his rule since the start of the war. The U.N.'s special envoy for Syria, Geir Pedersen, on Saturday called for urgent talks in Geneva to ensure an "orderly political transition." Speaking to reporters at the annual Doha Forum in Qatar, he said the situation in Syria was changing by the minute. Russian Foreign Minister Sergey Lavrov, whose country is Assad's chief international backer, said he feels "sorry for the Syrian people." In Damascus, people rushed to stock up on supplies. Thousands went to Syria's border with Lebanon, trying to leave the country. Many shops in the capital were shuttered, a resident told The Associated Press, and those still open ran out of staples such as sugar. Get local news delivered to your inbox!
Director Zhang Wei, known for his distinctive visual style and knack for blending humor with heart, infuses "Moonlight Madness!" with his signature flair and creative vision. With skillful direction, inventive storytelling, and a sprinkle of whimsy, he crafts a cinematic experience that is both entertaining and emotionally resonant, capturing the essence of friendship, love, and the joy of life's unexpected surprises.
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