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Jayden Daniels and the offense stalling have the Commanders on a three-game losing streakStocks wavered on Wall Street in afternoon trading Thursday, as gains in tech companies and retailers helped temper losses elsewhere in the market. The S&P 500 was down less than 0.1% after drifting between small gains and losses. The benchmark index is coming off a three-day winning streak. The Dow Jones Industrial Average was up 6 points, or less than 0.1%, as of 1:52 p.m. Eastern time. The Nasdaq composite was down less than 0.1%. Trading volume was lighter than usual as U.S. markets reopened after the Christmas holiday. Chip company Broadcom rose 2.9%, Micron Technology was up 1% and Adobe gained 0.8%. While tech stocks overall were in the green, some heavyweights were a drag on the market. Semiconductor giant Nvidia, whose enormous valuation gives it an outsize influence on indexes, slipped 0.1%. Meta Platforms fell 0.7%, Amazon was down 0.6%, and Netflix gave up 1.1%. Tesla was among the biggest decliners in the S&P 500, down 1.9%. Health care stocks helped lift the market. CVS Health rose 1.7% and Walgreens Boots Alliance rose 3% for the biggest gain among S&P 500 stocks. Several retailers also gained ground. Target rose 2.8%, Best Buy was up 2.2% and Dollar Tree gained 2.7%. Retailers are hoping for a solid sales this holiday season, and the day after Christmas traditionally ranks among the top 10 biggest shopping days of the year, as consumers go online or rush to stores to cash in gift cards and raid bargain bins. U.S.-listed shares in Honda and Nissan rose 4% and 16%, respectively. The Japanese automakers announced earlier this week that the two companies are in talks to combine. Traders got a labor market update. U.S. applications for unemployment benefits held steady last week , though continuing claims rose to the highest level in three years, the Labor Department reported. Treasury yields turned mostly lower in the bond market. The yield on the 10-year Treasury fell to 4.57% from 4.59% late Tuesday. Major European markets were closed, as well as Hong Kong, Australia, New Zealand and Indonesia. Trading was expected to be subdued this week with a thin slate of economic data on the calendar. Still, U.S. markets have historically gotten a boost at year’s end despite lower trading volumes. The last five trading days of each year, plus the first two in the new year, have brought an average gain of 1.3% since 1950. So far this month, the U.S. stock market has lost some of its gains since President-elect Donald Trump’s win on Election Day, which raised hopes for faster economic growth and more lax regulations that would boost corporate profits. Worries have risen that Trump’s preference for tariffs and other policies could lead to higher inflation , a bigger U.S. government debt and difficulties for global trade. Even so, the U.S. market remains on pace to deliver strong returns for 2024. The benchmark S&P 500 is up roughly 26% so far this year and remains near its most recent all-time high it set earlier this month — its latest of 57 record highs this year. Wall Street has several economic reports to look forward to next week, including updates on pending home sales and home prices, a report on U.S. construction spending and snapshots of manufacturing activity. AP Business Writers Elaine Kurtenbach and Matt Ott contributed.
A so-called Santa Claus rally to round out a fiscal year is a phenomenon many are hoping to see play out in the crypto world. Thus far, the 24-hour moves seen in Bitcoin ( BTC -3.88% ) , Ethereum ( ETH -4.73% ) and Dogecoin ( DOGE -6.01% ) indicate that such a rally toward year-end may take additional time to materialize, or perhaps not materialize at all. These top cryptocurrencies are each down 3.6%, 4.6%, and 5.7%, respectively, over the last 24 hours, as of 2:30 p.m. ET. Very thin trading volumes in equities and other assets are common around the holidays, and there is a similar phenomenon in the world of crypto. That said, today's selling pressure has been notable, and has once again taken Bitcoin below the key $100,000 threshold, with Ethereum continuing to hover around $3,300 and Dogecoin trading at around $0.31. Let's dive into what's driving today's price action in these top digital assets. No Santa Claus rally? On very low volume, one might not expect to see much in the way of volatility. For stocks, that's been the case today. However, some interesting commentary around the potential for higher interest rates to now start detracting from risk assets (including cryptocurrencies) has some investors rethinking their core investing thesis around this asset class. The question for Bitcoin holders is whether this asset is a store of value (like digital gold), or is more of a risk asset. I think the jury's still out on this one, with some investors clearly seeing higher interest rates as a negative for capital flows into more speculative or risky assets, with capital instead flowing into more safe-haven assets to round out the year. From a speculation and trading standpoint, it also appears that long derivatives contracts are seeing strong liquidation activity, suggesting that leveraged bets on these three tokens in particular rising in a short amount of time are being unwound. The effects of having so much leverage within the crypto ecosystem can be great on the way up, but this volatility can prove to be a double-edged sword, with big downward price swings possible even on days with relatively low trading volume. With the dollar remaining very strong, and capital continuing to flow out of most asset classes (including gold) in recent weeks toward money market funds, it's entirely possible Santa is intent on giving all crypto investors a lump of coal over the next week. We'll see. What will 2025 bring? One thing I've learned is that it's impossible to predict with any degree of certainty where a particular asset class will trend over the very short term. However, for most assets, the long-term trajectory tends to be to the upside. And though crypto as a sector has only been around for roughly 15 years, one only has to look at a long-term chart of a token like Bitcoin to get the idea that compounding can take place for a very, very long time.Michigan’s football team went into Columbus as nearly a three-touchdown underdog and grinded out a 13-10 victory over Ohio State to extend its win streak in the rivalry to four games. The heated rivalry continued after the final whistle, too. A postgame fight broke out at midfield as Michigan players planted a block M flag at midfield. Punches were thrown. Mace was sprayed by police. After emotions cooled, Michigan players and coaches continued to celebrate on their way into the locker room. It held OSU to 252 yards and zero points in the second half, paving way way for Dominic Zvada to kick a game-winning 21-yard field goal in the final minute. The Wolverines (7-5, 5-4 Big Ten), despite mustering only 234 yards themselves and turning the ball over twice, end a rocky regular season on a high note, keeping OSU (10-2, 7-2) out of the Big Ten championship game and handing Ryan Day his fourth loss in five tries in The Game. Here’s what’s being said on social media about the game and postgame brawl: Former NFL quarterback Robert Griffin III posted: “Davis Warren beat cancer and beat Ohio State in Columbus. The stuff of Legend.” CBS Sports’ Tom Fornelli posted: “The only people who should be fighting are Ohio State’s defense and the Ohio State offensive coaching staff.” ESPN college football analyst and OSU alumnus Kirk Herbstreit posted: “Rivalry weekend. Ya just never know. That’s why they play the games. Congrats to @Coach_SMoore and @UMichFootball .” Author Benjamin Watson posted: “If law enforcement came on the field and started pepper spraying players after the game, I hope both Michigan and Ohio State take proper action to ensure their players have legal representation. Unreasonable use of force for two teams fighting after an emotional football game. On another note, I’m sure Ohio State fans wish they would have shown half that energy during the previous 3 hours.” ESPN’s Stephen A. Smith posted: “Great defensive stand by @UMichFootball to secure this game over @OhioStateFB . Now — if you’re Ryan Day — how do you get over THiS loss? This wasn’t Jim Harbaugh or a Nat’l Champion caliber squad you were against. This was a .500 ball club coached by someone else. Don’t know how Day shakes this.” The Athletic’s Stewart Mandel posted: “Have a feeling there will be some suspensions after they review the tape of that brawl. And for Ohio State, those would for their first CFP game, if there are any.” NBC Sports’ Nicole Auerbach posted: “I can’t even imagine what’s going through Ryan Day’s mind right now.” Jemele Hill posted: “I thought Ohio State fans were tripping about Ryan Day. Y’all were right. This was an inexcusable loss. Sherrone Moore coached the game of his life.” CBS Sports’ Danny Kannell posted: “You lose the game you don’t get to pick a fight when the opponent plants a flag on your field....” Former Michigan defensive back Mike Sainristil posted: “You spend a 10 million in the portal just to lose?! ARE YOU KIDDING ME.”Thanksgiving travel live updates: Airport strikes, winter storms expected to cause delays
Commitments for a sustainable future A Pakistani man rests under the shade of trees during a heatwave in Karachi, Pakistan, on June 23, 2015. — AFP The pursuit of climate prosperity has become a defining theme of international cooperation, signalling the end of an era when climate commitments were viewed in isolation from socio-economic development with the operationalisation of the Climate Vulnerable Forum (CVF) and their climate prosperity plans (CPPs). googletag.cmd.push(function() { googletag.display('div-gpt-ad-1700472799616-0'); }); The latest cycle of Nationally Determined Contributions (NDCs), referred to as NDCs 3.0, reflects a more cohesive approach: countries are updating their pledges under the Paris Agreement by mapping out concrete sectoral and cross-sectoral strategies that unite economic growth, social equity, and environmentally sustainable economic priorities. Recent examples from the UAE, the UK, and Brazil, presented at COP29, underscore the importance of operationalising Article 4.1’s temperature targets in a manner that respects national circumstances yet pushes global ambition toward limiting temperature increases to well below 2 C and, ideally, toward 1.5 C. This new wave of climate commitments extends beyond symbolic statements. Sector-focused policies for renewable energy, decarbonised transport, and industrial transformation exemplify the progression principle enshrined in Article 4.2, which requires each successive NDC to demonstrate incremental ambition. Yet the tension between economic prerogatives and climate action remains palpable, most visibly in nations reliant on fossil fuel revenues. Even when updated NDCs articulate bold objectives, inconsistencies in implementation can dilute progress, as evidenced by the underutilisation of Decision 4/CMA.1 on clarity in accounting methodologies. Without robust and transparent accounting, global stocktaking under Article 14 risks being muddied by inconsistent data, eroding trust and hindering coordinated action. Climate prosperity, as illustrated by Brazil’s CHAMP initiative ‘Coalition of High Ambition Multilevel Partnerships’, elevates climate policy from a narrow focus on emissions reductions to a broader transformative agenda. By incorporating subnational authorities, local governments, and civil society, these frameworks can generate synergy between climate resilience and socio-economic benefits. Decision 4/CMA.1 emphasises the necessity for clarity in NDC design, ensuring that ambitious goals translate into measurable and verifiable outcomes. The draft decision -/CMA.6 advances this discourse by mandating an annual synthesis report on NDCs – a critical instrument to aggregate best practices, identify bottlenecks, and pinpoint areas of overlap or duplication that could benefit from collective interventions. Although ambitious commitments are increasingly common, disparities remain. Major emitters sometimes present laudable targets but lack the policy muscle or enforceable frameworks to put them into effect. Article 4.3’s call for the highest possible ambition continues to clash with entrenched economic dependencies, particularly when fossil fuels still underpin large segments of national revenue. More acutely, adaptation measures remain underprioritised, despite Article 7.9 stipulating their integration into NDCs, leaving frontline communities vulnerable and undermining the comprehensiveness of climate strategies. Similarly, loss and damage considerations often lack detailed guidance in national pledges, weakening the potential for a truly inclusive approach that safeguards those most at risk. Effective NDC implementation hinges on frameworks that move beyond aspirational statements. Decision 1/CP.21, paragraph 26, offers pathways for legally binding commitments, timelines, and accountability measures that ensure compliance with Article 4.1’s temperature goals. Likewise, Article 13’s enhanced transparency framework requires harmonised reporting formats for both mitigation and adaptation, reinforced by Decision 18/CMA.1. These guidelines lay the groundwork for an annual synthesis process, as advocated by draft decision -/CMA.6, providing a realistic barometer of global progress and revealing areas where corrective measures are most urgent. In concert with multilateral platforms like the G20’s net-zero coalition, countries can pool resources, deepen technical collaboration, and orchestrate the large-scale shifts required for a just and inclusive transition. For Pakistan, whose vulnerability to climate shocks is well documented, the trajectory toward climate prosperity demands targeted policy choices. In a context where development deficits converge with intensifying climate threats, updated NDCs must serve not just as compliance documents but as cornerstones of socio-economic transformation. A National Climate Action Transparency Portal could complement the Article 13 requirements by systematically tracking progress on emissions reduction, adaptation initiatives, and loss and damage assessments, feeding the information for Biennial Transparency Reports (BTRs). Coupled with annual synthesis reports as outlined in Decision 1/CMA.3, paragraph 30, this platform would allow policymakers to detect gaps in near real-time, refining strategies that unite mitigation with resilience-building. Public institutions in Pakistan should enact legislative frameworks that institutionalise climate commitments, mandating that federal and provincial budgets allocate resources for renewable energy expansion, resilient infrastructure, and climate-smart agriculture. Incentives can encourage research and development in low-carbon technologies, creating local supply chains that support green jobs and economic growth. Complementing these measures, the private sector must align corporate strategies with net-zero aspirations, invest in decarbonising operations, and adopt transparent accounting methodologies to bolster the credibility of emissions reporting. Greater financial innovation, including green bonds and blended financing models, could channel private capital toward clean energy, sustainable transport, and climate-resilient urban development, amplifying the momentum generated by public investments. People at the grassroots level should be empowered to participate in shaping climate policies through local consultative forums and awareness initiatives. Community-driven adaptation projects, such as climate-resilient farming systems and disaster risk reduction protocols, can be scaled up with targeted support from development partners and national agencies. Civil society organisations have a pivotal role to play by raising climate literacy, bridging knowledge gaps, and ensuring that policy debates reflect grassroots realities. Initiatives aimed at behaviour change – ranging from water conservation to sustainable consumption – can reinforce the shift toward low-carbon lifestyles, particularly in urban centres where population pressures intersect with resource constraints. An additional consideration lies in recognising provincial disparities in emissions and capacities within Pakistan, where Balochistan and Khyber Pakhtunkhwa emit considerably less than Punjab and Sindh, yet shoulder disproportionate climate vulnerabilities. In the spirit of Article 6.2, enabling province-specific emissions targets not only advances intra-national equity but also promotes the concept of inter-provincial emissions trading, thereby embedding climate justice within the national framework. Through such cooperative approaches, provinces with surplus emission reductions – like Balochistan or Khyber Pakhtunkhwa – could trade these credits to provinces that fall short of their targets, ensuring that collective national commitments remain intact. This mechanism, akin to Internationally Transferred Mitigation Outcomes (ITMOs), could be adapted for domestic use, creating incentives for lower-emitting provinces to strengthen climate-friendly initiatives while preserving the flexibility needed for more industrialised regions to meet their commitments. By institutionalising provincial-level trading systems, Pakistan can reap the dual benefit of spurring localised investment in low-carbon projects and aligning overall NDC targets with equitable development, thus demonstrating a model for subnational integration that resonates with both national development priorities and global climate objectives. Pakistan’s integration of loss and damage considerations into its NDC can fortify the country’s standing in international forums, including the Warsaw International Mechanism and the Global Stocktake under Article 14. Such an approach would highlight the country’s climate vulnerabilities, attract targeted financial support, and catalyse regional partnerships with South Asian counterparts confronting similar climate hazards. By documenting the scale and frequency of climate-induced losses, Pakistan could make a compelling case for concessional financing and innovative insurance schemes designed to provide post-disaster relief and expedite recovery efforts. Climate prosperity envisions a future in which decarbonisation and socio-economic progress reinforce each other. Pakistan can fast-track this vision by establishing a Climate Prosperity Fund to underwrite integrated projects that combine emissions reductions, adaptation measures, and the generation of green jobs. These investments can also nurture a culture of innovation, encouraging homegrown enterprises to develop climate-compatible products and services. By proactively participating in global coalitions like the G20’s net-zero initiative and regional climate dialogues, Pakistan can access technical support, secure climate finance at competitive rates, and broaden the impact of domestic climate actions. In the age of NDCs 3.0, ambition without accountability is futile; every pledge must be backed by transparent implementation, reliable metrics, and clear legal scaffolding. From legislative mandates to corporate practices and grassroots engagement, a cohesive strategy hinges on synchronising public, private, and people-led efforts. Failure to seize the opportunities for climate prosperity could lock nations into unsustainable development paths, jeopardising global temperature goals and undermining collective resilience. But by aligning policy reforms with transparent governance, inclusive participation, and innovative financing, countries like Pakistan can carve out a resilient, low-carbon future. The evolution of NDCs, in essence, is a clarion call for nations to move from pledges to practice, ensuring that climate commitments spur an era of equitable growth that endures for generations to come. Twitter/X: @Khalidwaleed_ Email: khalidwaleed@sdpi.org The writer has a doctorate in energy economics and serves as a research fellow in the Sustainable Development Policy Institute (SDPI).Building a state-of-the-art criminal justice center with just three guysWest Virginia 31, UCF 21
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