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NEW YORK (AP) — U.S. stocks rose to 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 0.6% to top the all-time high it set a couple weeks ago. The Dow Jones Industrial Average added 123 points, or 0.3%, to its own record set the day before, while the Nasdaq composite gained 0.6% as Microsoft and Big Tech led the way. Stock markets abroad mostly fell after President-elect Trump said he plans to impose sweeping new tariffs on Mexico, Canada and China once he takes office. But the movements were mostly modest. Stock indexes were down 0.1% in Shanghai and nearly flat in Hong Kong, while Canada’s main index edged down by less than 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. The consequences otherwise for markets and the global economy could be painful. 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. And unlike tariffs in Trump’s first term, his latest proposal would affect products across the board. General Motors sank 9%, 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 3.3%. The value of the Mexican peso fell 1.8% against the U.S. dollar. 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 for the job market . While lower interest rates can boost the economy, 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. The talk about tariffs overshadowed another mixed set of 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 imposed by the Fed to get inflation under control. 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. Kohl’s tumbled 17% 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 4.9% 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%. Still, more stocks rose in the S&P 500 than fell. J.M. Smucker had one of the biggest gains and climbed 5.7% 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 3.2% for Amazon and 2.2% for Microsoft were the two strongest forces lifting the S&P 500. All told, the S&P 500 rose 34.26 points to 6,021.63. The Dow gained 123.74 to 44,860.31, and the Nasdaq composite climbed 119.46 to 19,174.30. In the bond market, Treasury yields held relatively steady 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 inched up to 4.29% 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 $91,000, 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. Stay up-to-date on the latest in local and national government and political topics with our newsletter.

Missing dog returned to family home and rang the doorbell WEST PALM BEACH, Fla. (AP) — Athena, a 4-year-old German Shepherd and Husky mix, escaped her home in Green Cove Springs, Florida, on Dec. 15, prompting a search among the community and nearby towns for her. Yet on Christmas Eve, Athena appeared at the family's front door ringing on their doorbell — ending a search after more than a week. Her owner, Brooke Comer, said Athena's escape brought multiple communities in her town and neighboring towns to search for her dog, and that Athena's escape was about a 20-mile roundtrip near the train tracks. Sinkhole in New Jersey keeps I-80 closed after a section collapses into an abandoned mine WHARTON, N.J. (AP) — Road crews are repairing Interstate 80 in northern New Jersey after a sinkhole from an abandoned mine shut down the eastbound lanes. The state’s transportation department says it remains unknown when those lanes will reopen. The hole opened up along the highway’s right shoulder Thursday morning, and the guardrail was still hanging suspended across the gaping 40-foot-wide hole on Friday. Drivers are currently having to detour near Wharton, about 40 miles west of New York City. The New Jersey Department of Transportation said crews will work around the clock to the repair the roadway. Customs agents seize 22,000 fake Pennsylvania vehicle inspection stickers shipped from Israel HARRISBURG, Pa. (AP) — The U.S. Customs and Border Protection agency says it seized more than 20,000 counterfeit Pennsylvania vehicle inspection stickers that were shipped from Israel to an address in Philadelphia. The agency said that customs officers found the stickers in two different shipments that arrived on different days, Nov. 26 and Dec. 9. The agency didn't say in a Thursday statement who sent the stickers, who was to receive them and what purpose the stickers were going to serve. The agency said it made no arrests. Pennsylvania requires that motor vehicles be inspected annually to ensure they meet minimum mechanical, safety and emissions standards. One owl rescued by a Minnesota woman is euthanized; efforts to save the other continue ST. PAUL, Minn. (AP) — One of the two owls rescued by a Minnesota woman in a story that went viral this week has died, but the other is still getting medical care. Wildwoods Wildlife Rehabilitation Center in Duluth said in a Facebook post Thursday that the snowy owl rescued by Annabell Whelan had internal injuries, a broken wing and a broken leg, and had to be euthanized. The great gray owl also rescued by Whelan suffered broken bones and large soft tissue wounds. Wildwoods says the injuries are severe and veterinarians are doing everything they can to “give the bird a chance at recovery.” Whelan happened to find both injured owls at different places Monday. 2 Florida tourist spots halt drones in shows following a separate accident that injured a boy ORLANDO, Fla. (AP) — A theme park resort and a huge hotel in central Florida either have stopped using drones or canceled their drone-based shows after several drones collided and fell from the sky during a separate holiday celebration in downtown Orlando. The accident last weekend injured a boy who required surgery. Universal Orlando said this week that it was pausing the drone component of its “CineSational: A Symphonic Spectacular” show, while Orlando World Center Marriott posted that it was canceling its scheduled drone shows during the holiday week. The halt in using drones follows last Saturday’s accident at a holiday show at Lake Eola Park in downtown Orlando. NASA's Parker Solar Probe survives close brush with the sun's scorching surface NEW YORK (AP) — NASA has confirmed that a spacecraft has made the closest approach to the sun. Earlier this week, the Parker Solar Probe passed within a mere 3.8 million miles of the sun. Space agency officials received an all-clear message Thursday night confirming Parker survived the journey. The spacecraft was launched in 2018 to get a close-up look at the sun. It'll continue circling the sun at this distance until at least September. Scientists hope to better understand what drives the solar wind and why the sun's outer atmosphere iis so much hotter than its surface. 'Morrison Hotel' made famous by The Doors goes up in flames in LA The former Morrison Hotel, which was famously on the cover of a 1970 album by The Doors, has been significantly damaged by a fire in downtown Los Angeles. The Los Angeles Fire Department says the four-story building burned for nearly two hours Thursday. More than 100 firefighters helped bring the fire under control. The building had been vacant for more than a decade but several people who were inside at the time escaped without injuries. The Morrison Hotel was featured on the album’s cover that showed legendary frontman Jim Morrison in the middle. That album was viewed as a comeback for The Doors. Another jackpot surpasses $1 billion. Is this the new normal? Remember this moment because it probably won’t last: A U.S. lottery jackpot is projected to soar above $1 billion, and that's still a big deal. Friday’s Mega Millions drawing is worth an estimated $1.15 billion. The prize has evoked headlines across the country, despite the nation's top 10 jackpots already having boasted billion-dollar payouts. Jonathan Cohen is the author of the book “For a Dollar and a Dream: State Lotteries in Modern America.” He says he expects jackpots to continue to grow in size. Larger payouts attract more media attention, increase ticket sales and bring in new players. Suzuki Motor former boss Osamu Suzuki, who turned the minicar maker into a global player, dies at 94 TOKYO (AP) — Osamu Suzuki, the charismatic former boss of Japanese mini-vehicle maker Suzuki Motor Corp., has died. He was 94. Suzuki was known for his candid remarks and friendliness, calling himself an "old guy from a small to mid-size company.” He became CEO of Suzuki in 1978 and helped turn the company into a global brand name. It was the first Japanese automaker to start local production in India and has had tie-ups with industry leaders like General Motors and Volkswagen. It is working with Toyota on developing self-driving vehicles. The company said Suzuki died Wednesday of malignant lymphoma. Cowboys shutting down CeeDee Lamb with 2 games to go over receiver's shoulder issue FRISCO, Texas (AP) — The Dallas Cowboys are shutting down CeeDee Lamb with two games remaining after their 2023 All-Pro receiver spent the second half of the season dealing with a sprained right shoulder. The team says additional exams revealed enough damage to keep Lamb off the field Sunday at Philadelphia and in the final game at home against Washington. The team says surgery isn't expected to be required. Dallas was eliminated from playoff contention a few hours before last weekend’s 26-24 victory over Tampa Bay.

Casey concedes U.S. Senate race in Pennsylvania

NoneC$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 TORONTO , Dec. 9, 2024 /PRNewswire/ - Manulife has been notified of an unsolicited mini-tender offer made by New York Stock and Bond LLC (New York Stock and Bond) to purchase up to 50,000 Manulife common shares, or less than 0.003% of the common shares outstanding, at a price of USD$12.50 per share. Manulife is in no way associated with New York Stock and Bond and does not recommend or endorse acceptance of this unsolicited offer. Manulife cautions shareholders that the mini-tender offer has been made at a price below the current market price for Manulife shares. The offer represents a discount of approximately 60.76% and 60.80%, respectively, below the closing prices of Manulife common shares on the TSX and NYSE on November 27, 2024 , the last trading day before the mini-tender offer was commenced, and a discount of 61.43% and 61.42%, respectively, below the closing prices on the TSX and NYSE on December 6, 2024 . Mini-tender offers are designed to seek less than 5% of a company's outstanding shares, avoiding disclosure and procedural requirements applicable to most bids under Canadian and U.S. securities regulations. The Canadian Securities Administrators (CSA) and the U.S. Securities and Exchange Commission (SEC) have expressed serious concerns about mini-tender offers, including the possibility that investors might tender to such offers without understanding the offer price relative to the actual market price of their securities. The SEC states that "bidders make mini-tender offers at below-market prices, hoping that they will catch investors off guard if the investors do not compare the offer price to the current market price." Shareholders should carefully review the New York Stock and Bond offer documents and current market price for Manulife shares, and consult their investment advisors regarding any offer they may receive and review with their advisors all options for their investment in Manulife shares. Manulife has stock transfer agents providing shareholder services in Canada , the United States , Hong Kong and the Philippines . These local agents provide services directly to our registered shareholders and can provide information on share account management, direct deposit of dividends, dividend reinvestment and share purchase plans. Please email manulifeinquiries@tmx.com for more information. Manulife requests that a copy of this news release be included in any distribution of materials relating to New York Stock and Bond's mini-tender offer for Manulife common shares. About Manulife Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. With our global headquarters in Toronto, Canada , we provide financial advice and insurance, operating as Manulife across Canada , Asia , and Europe , and primarily as John Hancock in the United States . Through Manulife Investment Management, the global brand for our Global Wealth and Asset Management segment, we serve individuals, institutions, and retirement plan members worldwide. At the end of 2023, we had more than 38,000 employees, over 98,000 agents, and thousands of distribution partners, serving over 35 million customers. We trade as 'MFC' on the Toronto , New York , and the Philippine stock exchanges, and under '945' in Hong Kong. Not all offerings are available in all jurisdictions. For additional information, please visit manulife.com . View original content to download multimedia: https://www.prnewswire.com/news-releases/manulife-cautions-investors-regarding-new-york-stock-and-bond-llc-offer-for-shares-302326646.html SOURCE Manulife Financial Corporation

The rise of meme coin PEPE, a phenomenon that captured attention with its community-driven hype, is now meeting a formidable contender in the cryptocurrency market. Lightchain AI, a novel blend of blockchain and artificial intelligence, is drawing interest from PEPE holders eager to diversify into projects with substantial utility and growth prospects. Meme coins like PEPE have gained notoriety for their playful and speculative nature but lack the foundational technology and practical applications needed for sustained value. Their reliance on public enthusiasm and market sentiment renders them highly volatile, limiting long-term growth potential. Many investors are gravitating towards projects like Lightchain AI that promise real-world utility and profitability. Lightchain AI, priced at an attractive $0.003 during its presale, offers a unique combination of blockchain and AI, appealing to those looking for innovation beyond meme coins. The project focuses on creating significant use cases and provides a unique opportunity for early investors to benefit from potential exponential returns. Key factors driving PEPE holders towards Lightchain AI include its focus on utility-driven diversification, early entry advantages, and long-term sustainability. The project’s roadmap outlines a strategic path toward technological excellence and ecosystem growth. It begins with prototype development, testing of its PoI consensus mechanism and AIVM, followed by testnet rollout to refine the platform, culminating in a mainnet launch with token staking and decentralized governance. Lightchain AI’s launchpad supports innovators, offering a space for creativity and monetization, driven by AI tools within a secure environment, fueling the creative economy. The emphasis on unmatched privacy and security, through Zero-Knowledge Proofs and Homomorphic Encryption, ensures data remains confidential while maintaining trust for developers and users alike. The detailed roadmap highlights Lightchain AI’s commitment to technological advancement and strategic partnerships, aiming to meet investor expectations while addressing real-world challenges.Germany to tighten criminal law as people-smuggling ‘action plan’ agreed with UK