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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.
MARICOPA COUNTY, Ariz. — A man is dead after a motorcycle crash Monday night in the West Valley. The Maricopa County Sheriff's Office said a motorcycle and a vehicle were involved in a collision reported near 107th and Southern avenues at about 8:30 p.m. The man on the motorcycle died at the scene and the car's driver was taken to the hospital for non-life-threatening injuries, MCSO said. The man's identity was not disclosed. The crash remains under investigation. RELATED: Arizona woman still missing 1 year later, foul play suspected RELATED: 'He loved Christmas': Toy drive held in honor of murdered coach Watch 12News for free You can now watch 12News content anytime, anywhere thanks to the 12+ app! The free 12+ app from 12News lets users stream live events — including daily newscasts like "Today in AZ" and "12 News" and our daily lifestyle program, "Arizona Midday"—on Roku, Apple TV and Amazon Fire TV . 12+ showcases live video throughout the day for breaking news, local news, weather and even an occasional moment of Zen showcasing breathtaking sights from across Arizona. Users can also watch on-demand videos of top stories, local politics, I-Team investigations, Arizona-specific features and vintage videos from the 12News archives. Roku : Add the channel from the Roku store or by searching for "12 News KPNX." Amazon Fire TV : Search for "12 News KPNX" to find the free 12+ app to add to your account , or have the 12+ app delivered directly to your Amazon Fire TV through Amazon.com or the Amazon app.
Zurcher Kantonalbank Zurich Cantonalbank Acquires 5,804 Shares of Neogen Co. (NASDAQ:NEOG)The Minnesota Golden Gophers (6-4) are putting up a fight against the No. 4-ranked Penn State Nittany Lions (9-1), leading at Huntington Bank Stadium, 19-16. Minnesota has dominated the ground game on offense, rushing 21 times for 84 yards (4 yards per carry), including a first-quarter rushing touchdown by running back Marcus Major. Javascript is required for you to be able to read premium content. Thanks for the feedback.With the S&P 500 continuing to hover around all-time highs, it has become increasingly challenging to find growth stocks that still trade at decent value and also have meaningful catalysts to spark continued earnings growth through 2025, despite a potentially tougher macro Analyst’s Disclosure: I/we have a beneficial long position in the shares of NTAP either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Voters say a house divided on abortion can stand — for now
AP News Summary at 5:18 p.m. EST
Barcelona midfielder Gavi couldn’t hide his frustration after seeing his team throw away a two-goal lead to draw 2-2 at Celta on Saturday . Gavi made his first start in a year at Balaidos and had his team on course for a 2-0 win until a late collapse saw Hansi Flick’s side forced to settle for a point. Here’s what he had to say afterwards: “We had the game under control but we got involved in two poor moves and we have to learn from that,” he told the media. “The first goal was a stupid thing. We have to clear the ball in that position but that’s football. You have to learn. “With a man down it’s really difficult, not just against Celta against any team, if you’re not focused what can happen can happen. “It’s my first start after a year. I’m happy with that but obviously the thing was to get three points and we didn’t get that.” It’s a disappointing night for Barcelona and more dropped points for Flick’s side. They are back in action in midweek against Brest in the Champions League.Virginia lawmakers should use the upcoming legislative session to impose statewide regulations on license plate reader cameras.None
From ‘throning’ to ‘caspering’ and ‘shadow phasing’ – Gen Z dating terms are a minefield. How many do you know?Last year, Juliette Sartori decided she wanted to expand her social circle, so she went on a coffee date with three people she had never met before. “It went really well,” she said. "We ended up speaking for two hours and I still speak to them today. We all keep in touch." Her friendship blind date was part of Dinner with a Stranger, the society Juliette and her flatmates started "on a whim" for fellow Glasgow University students who want to meet new people. Juliette, 21, had moved to Scotland from the US to study business and management and said it was harder to instantly connect with others as she found people "had a wall up" and were closed off. With students so plugged in and digital that they spend less time interacting with each other face-to-face, she didn't have many opportunities to increase her circle of friends. And so Dinner with a Stranger was born. “We thought originally only 30 people would join,” Juliette says. “We just didn’t know what to expect. “It’s an out-there idea and the name throws people off from the start.” But 200 people - a mixture of undergraduate and postgraduate male, female and non-binary students - signed up in the first month and the society has continued to grow ever since. Juliette's friendship lottery is very different to the swipe right culture of the dating apps which dominate the lives of many young people. Firstly, it is about friendship and not romantic hook-ups. But it is also avoids complicated computer algorithms and relies instead on more traditional personality quizzes shared with members online at the start of every month. Prospective mate-dates are asked questions on a theme, ranging from their favourite music genre or most-loved Disney movie to their dream holiday destination. Then Juliette and five others spend hours manually pairing people up and sharing contact details before taking a step back to let the magic happen. Playing platonic Cupid alongside Juliette, Mary Yiorkadji quickly realised she wasn’t alone in struggling to find friends at university. Originally from Cyprus, she says: “There are lots of people from different backgrounds and it can be really intimidating feeling like you’re different and people won’t understand you.” The 22-year-old believes social media has had a negative impact on friendships. It comes as more and more people nowadays compare their lives to others online. “It is really easy to get caught up in fake ideas from social media, which can cause loneliness and expectations that are never met,” Mary says. “People are lonelier now. Our generation is lonelier.” But Mary says Dinner with a Stranger has introduced her to the beauty of the blind friendship date. "I think one of the most important parts of university is to meet new people," says the fourth-year economics and philosophy student. "In this way you don't give power to the differences between people, you give power to things that matter in a friendship, which are the similarities you have." She describes it as a "unique" way to meet and connect with others from all over the world. Second-year students Vanya and Hannah, who were paired up by Dinner with a Stranger in December last year, believe they would not have met each other if it wasn’t for the group. Hannah, 20, from Manchester, says: “Society puts so much emphasis on romance that we forget how important friendships are.” She says before meeting Vanya she was “miserable” and would spend a lot of time by herself, but now her mental health has improved and she is more confident. The pair are now best friends and flatmates. Vanya, 19, says she enjoyed getting to know Hannah without “pre-conceived ideas and expectations”. “People are talking to so many people online that they're not properly talking to anyone,” says the economics student, originally from India. “In this way, you’re going in with a completely open mind and you’re getting to know someone as the conversation moves along. "You have to show that you're making a genuine effort." For Juliette, going on friendship dates with strangers has helped her to find her “people”. Confused as to why people think it is not normal to go on friendship dates to meet new people, she believes soon there will be more opportunities to take part in this “fun experiment”. She said: “It’s more of a modern way of making friends. “It’s taking the idea of meeting someone online from a dating website and turning it into friendships by seeing how well you mesh with that person.” Dating apps, such as Bumble, have already started to create similar versions for friendship-making, which Juliette thinks will become more mainstream as the idea expands. She said: “Now people are working from home and doing uni remotely, it is more common for people to stay at home all the time and you are less likely to go out and meet new people like you would have done five years ago. “It’s modern but I think it will become more popular in the future.”
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