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Stock market today: Wall Street gets back to climbing, sending Nasdaq to a recordbookmaker website 。

RumbleOn Announces Commencement of $10.0 Million Fully Backstopped Registered Rights OfferingThe US Open's first female tournament director will step down in 2025NEW 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. People are also reading... 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.The Private Sector Organisation of Jamaica (PSOJ) says it vehemently condemns the recent racially charged remarks made by Government Member of Parliament Everald Warmington targeted at Opposition leader Mark Golding. During a political meeting at the Tivoli Gardens High School in Kingston, Warmington declared that "he would rather die than be led by a white, British man," referring to Golding. He further suggested that the Opposition leader should "seek office in Britain, where he believes he would be more comfortable." The PSOJ says these inflammatory remarks, delivered from a position of political authority and before an audience at an educational institution, represent a dangerous and deliberate attempt to inject racial division into Jamaica's political discourse. “These statements are particularly alarming as they threaten to resurrect one of the darkest chapters in Jamaica's political history,” said the organisation in a statement today. “The PSOJ must emphasise that such rhetoric eerily echoes the divisive political discourse in Jamaica's past which was marked by deep social upheaval, economic instability, and tragic political violence. We cannot and must not allow our nation to be dragged backwards into an era where political differences were inflamed by racial and class divisions, resulting in profound national trauma that took generations to heal,” it added. PSOJ renewed its call for Warmington to be held accountable for his conduct. “We especially condemn that these statements were made at the Tivoli Gardens High School, an educational institution where young minds are shaped. The corrosive effect of such rhetoric on our youth cannot be understated. This incident poses a serious risk of normalising discriminatory speech among our future generations, who deserve exemplary leadership from their elected officials rather than displays of divisive politics that harken back to our nation's darkest days.” The PSOJ says the Office of the Political Ombudsman, now operating within the Electoral Commission of Jamaica (ECJ), should urgently intervention in the situation. “The current situation demands a comprehensive review of enforcement mechanisms within the Political Code of Conduct, with the establishment of clear, enforceable consequences for breaches of this nature. “The integration of the political ombudsman's office into the ECJ framework makes this moment particularly crucial for demonstrating institutional effectiveness in addressing serious violations of political conduct. The PSOJ acknowledges this dual mandate but emphasises that this restructuring must not result in any diminishment of the office's authority to address such egregious breaches of proper political conduct.” The PSOJ says Jamaica's business community stands united in rejecting any attempt to reintroduce divisive racial politics into the national discourse, saying such behaviour not only undermines democratic principles and social cohesion but also threatens the stable business environment that is crucial for sustained economic growth and development. “Our international partners and potential investors closely monitor our political stability and social climate. The inflammatory rhetoric of this nature risks damaging Jamaica's reputation as a mature democracy and an attractive destination for investment.” Follow The Gleaner on X, formerly Twitter, and Instagram @JamaicaGleaner and on Facebook @GleanerJamaica. Send us a message on WhatsApp at 1-876-499-0169 or email us at onlinefeedback@gleanerjm.com or editors@gleanerjm.com .

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Mum has always been an inspiration, but never more so than now, say Jane Moore’s daughters in heartwarming chatBy KEVIN FREKING WASHINGTON (AP) — The Senate won’t hold votes on four of President Joe Biden’s appellate court nominees as part of a deal with Republicans to allow for speedier consideration of other judicial nominations and bring Biden within striking distance of the 234 total judicial confirmations that occurred during President-elect Donald Trump’s first term. Currently, the number of judges confirmed under Biden totals 221. Republicans forced numerous procedural votes this week and late-night sessions as Senate Majority Leader Chuck Schumer, D-N.Y., attempted to move ahead in getting more of Biden’s nominees confirmed before Congress adjourns and Republicans take control of the chamber in January. A Senate Democratic leadership aide said Thursday a time agreement had been reached to allow for consideration of seven district court judges the week following Thanksgiving. Plus, another six district judges would be placed on the Senate executive calendar, making it possible for them to be considered on the Senate floor in December. Excluded from that list were four circuit judge nominations awaiting a floor vote: Adeel Abdullah Mangi of New Jersey, nominated for the Third Circuit Court of Appeals; Karla M. Campbell of Tennessee, nominated for the Sixth Circuit; Julia M. Lipez of Maine, First Circuit; and Ryan Young Park of North Carolina, Fourth Circuit. Mangi would have been the first Muslim American to serve as a federal appellate court judge if he had been confirmed. Mangi received law degrees from Oxford and Harvard. He works in a prestigious law firm and has secured significant legal victories. But his limited volunteer work with two outside groups has imperiled his nomination. He faced opposition from some Democrats as well. The confirmation battles over circuit court judges are generally much harder fights given their role in hearing appeals from district courts and often having the last word on legal matters. Schumer’s office said the four circuit nominees lacked the support to be confirmed, and that they received more than triple the amount of other judges moving forward as part of the agreement. Related Articles National Politics | Democrat Bob Casey concedes to Republican David McCormick in Pennsylvania Senate contest National Politics | Republicans rally around Hegseth, Trump’s Pentagon pick, as Gaetz withdraws for attorney general National Politics | Several of Trump’s Cabinet picks — and Trump himself — have been accused of sexual misconduct National Politics | New study shows voting for Native Americans is harder than ever National Politics | Was it all a joke? How stand-up comedy helped reelect Trump Liberal groups in recent weeks have been pressuring Senate Democrats to do what it takes to get all of Biden’s judicial nominees confirmed before Trump takes office again. And some expressed disappointment with the deal. “Reports that there is a deal that would leave behind critical circuit court nominees are unacceptable. All of these nominees must be confirmed expeditiously before the end of the 118th Congress,” said Lena Zwarensteyn, an advisor at The Leadership Conference on Civil and Human Rights. “When senators return from the holiday break, Leader Schumer and senators must do whatever it takes — for as long as it takes — to confirm every single pending judicial nominee, including all circuit court nominees, to provide an important guardrail for our democracy. No matter what, this must get done,” Zwarensteyn said. Schumer has dedicated much of the Senate schedule to getting Biden’s judicial nominees confirmed. He called it a basic responsibility of the Senate. “We’ll take that responsibility very seriously between now and the end of the year,” Schumer said on the Senate floor.

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