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Trump Names Warren Stephens as UK AmbassadorWhich other family members received presidential pardons?
Stocks closed higher on Wall Street, giving the market its fifth gain in a row and notching another record high for the Dow Jones Industrial Average. The S&P 500 rose 0.3% Friday. The Dow added 1%, and the Nasdaq composite tacked on 0.2%. Retailers had some of the biggest gains. Gap soared after reporting quarterly results that easily beat analysts’ estimates. EchoStar fell after DirecTV called off its purchase of that company’s Dish Network unit. European markets closed mostly higher and Asian markets ended mixed. Treasury yields held relatively steady in the bond market. Crude oil prices gained ground. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. Stocks rose on Wall Street in afternoon trading Friday, keeping the market on track for its fifth straight gain. The S&P 500 was up 0.2% and was solidly on track for a weekly gain that will erase most of last week's loss. The Dow Jones Industrial Average climbed 333 points, or 0.8%, and the Nasdaq composite was essentially flat with a gain of less than 0.1% as of 3:07 p.m. Eastern. Markets have been volatile over the last few weeks, losing ground in the runup to elections in November, then surging following Donald Trump's victory, before falling again. The S&P 500 has been steadily rising throughout this week to within close range of its record. “Overall, market behavior has normalized following an intense few weeks,” said Mark Hackett, chief of investment research at Nationwide, in a statement. Several retailers jumped after giving Wall Street encouraging financial updates. Gap soared 10.8% after handily beating analysts' third-quarter earnings and revenue expectations, while raising its own revenue forecast for the year. Discount retailer Ross Stores rose 1.5% after raising its earnings forecast for the year. EchoStar fell 2.4% after DirecTV called off its purchase of that company's Dish Network unit. Smaller company stocks had some of the biggest gains. The Russell 2000 index rose 1.8%. A majority of stocks in the S&P 500 were gaining ground, but those gains were kept in check by slumps for several big technology companies. Nvidia fell 3.3%. Its pricey valuation makes it among the heaviest influences on whether the broader market gains or loses ground. The company has grown into a nearly $3.6 trillion behemoth because of demand for its chips used in artificial-intelligence technology. Intuit, which makes TurboTax and other accounting software, fell 5.6%. It gave investors a quarterly earnings forecast that fell short of analysts’ expectations. Facebook owner Meta Platforms fell 0.8% following a decision by the Supreme Court to allow a multibillion-dollar class action investors’ lawsuit to proceed against the company. It stems from the privacy scandal involving the Cambridge Analytica political consulting firm. European markets closed mostly higher and Asian markets ended mixed. Crude oil prices rose. Treasury yields held relatively steady in the bond market. The yield on the 10-year Treasury fell to 4.41% from 4.42% late Thursday. In the crypto market, Bitcoin hovered around $99,000, according to CoinDesk. It has more than doubled this year and first surpassed the $99,000 level on Thursday. Retailers remained a big focus for investors this week amid close scrutiny on consumer spending habits headed into the holiday shopping season. Walmart, the nation's largest retailer, reported a quarter of strong sales and gave investors an encouraging financial forecast. Target, though, reported weaker earnings than analysts' expected and its forecast disappointed Wall Street. Consumer spending has fueled economic growth, despite a persistent squeeze from inflation and high borrowing costs. Inflation has been easing and the Federal Reserve has started trimming its benchmark interest rates. That is likely to help relieve pressure on consumers, but any major shift in spending could prompt the Fed to reassess its path ahead on interest rates. Also, any big reversals on the rate of inflation could curtail spending. Consumer sentiment remains strong, according to the University of Michigan's consumer sentiment index. It revised its latest figure for November to 71.8 from an initial reading of 73 earlier this month, though economists expected a slight increase. It's still up from 70.5 in October. The survey also showed that consumers' inflation expectations for the year ahead fell slightly to 2.6%, which is the lowest reading since December of 2020. Wall Street will get another update on how consumers feel when the business group The Conference Board releases its monthly consumer confidence survey on Tuesday. A key inflation update will come on Wednesday when the U.S. releases its October personal consumption expenditures index. The PCE is the Fed's preferred measure of inflation and this will be the last PCE reading prior to the central bank's meeting in December. Damian J. Troise And Alex Veiga, The Associated Press
PASADENA, Calif. (AP) — The Rose Bowl is the next stop on No. 1 Oregon's national championship quest. And Ohio State or Tennessee will be the Ducks' opponent in the 111th edition of the Granddaddy of Them All. received the top seed in the first on Sunday, sending the Ducks to celebrate the new year in Pasadena for the ninth time in school history as they continue to fight for their first national championship. But first, and will meet in Columbus on Saturday, Dec. 21, to determine Oregon's opponent in the Rose Bowl Game, which is also a playoff quarterfinal. The first-round matchup pits a pair of college football powerhouses with little history together. The Volunteers beat the Buckeyes 20-14 in the Citrus Bowl on Jan. 1, 1996, in the schools' only previous meeting. Ohio State got home-field advantage despite missing out on a Big Ten title game date with Oregon after last month. The Buckeyes also to the Ducks in Eugene in October, but they might still get that rematch in California. Oregon is clearly the class of this jumbled college football season, finishing as the only undefeated team in the FBS and the No. 1 team in the AP Top 25 after to win its first Big Ten championship. The Ducks' road to a title looks fairly daunting with two elite opponents vying for their quarterfinal shot, and social media filled up Sunday with fans and commentators bemoaning the relative difficulty of Oregon's path. The rough road doesn't bother Oregon coach Dan Lanning, however. “What an opportunity, right?” Lanning said on ESPN. “We focus on the things that you can control, and winning a national championship isn’t supposed to be easy. If our path is a little bit tougher, kudos to us if we go through it and take care of business.” For decades, the Rose Bowl cherished its position as a near-annual meeting of teams from the Big Ten and the West Coast conference most recently known as the Pac-12. The breakup of the Pac-12 and the permanent change in the Rose Bowl's postseason position happened simultaneously over the past year, throwing the bowl's future into flux. But Oregon's familiar presence in Pasadena next month will smooth that change significantly — and if the Ducks' opponent is Ohio State, the traditionalists will still get exactly what they crave out of this game anyway. Oregon and Ohio State met in the Rose Bowl in 1958 and again on Jan. 1, 2010, with Terrelle Pryor leading the Buckeyes to a 26-17 victory. Oregon is 4-4 in its previous trips to the Rose Bowl, and the modern Ducks have spent their holiday in Pasadena four times since 2010. They’ve won in their past three appearances in the Granddaddy, most recently beating Wisconsin 28-27 in Los Angeles Chargers quarterback Justin Herbert’s final game for his hometown school in 2020. Ohio State has made 16 previous appearances in the Rose Bowl, third-most in the game's history behind USC (34) and Michigan (21). The Buckeyes have won their last four games in Pasadena, most recently beating and . A trip to Pasadena would be a treat for Tennessee's vast fan base. The Vols made two trips to the Rose Bowl during the 1940s, but they haven't been back there since 1945. Oregon and Tennessee have faced each other twice, with the Ducks winning both matchups in 2010 and in 2013. ___ Get poll alerts and updates on the AP Top 25 throughout the season. Sign up . AP college football: and Greg Beacham, The Associated Press
Jimmy Carter, former president and humanitarian, dies at 100Washington: Jimmy Carter, the earnest Georgia peanut farmer who as U.S. president struggled with a bad economy and the Iran hostage crisis but brokered peace between Israel and Egypt and later received the Nobel Peace Prize for his humanitarian work, died at his home in Plains, Georgia, on Sunday, the Carter Centre said. He was 100. Former US President Jimmy Carter in 1993. “My father was a hero, not only to me but to everyone who believes in peace, human rights, and unselfish love,” said Chip Carter, the former president’s son. “My brothers, sister, and I shared him with the rest of the world through these common beliefs. The world is our family because of the way he brought people together, and we thank you for honouring his memory by continuing to live these shared beliefs.” A Democrat, he served as president from January 1977 to January 1981 after defeating incumbent Republican President Gerald Ford in the 1976 US election. Carter was swept from office four years later in an electoral landslide as voters embraced Republican challenger Ronald Reagan, the former actor and California governor. Carter lived longer after his term in office than any other U.S. president. Along the way, he earned a reputation as a better former president than he was a president - a status he readily acknowledged. His one-term presidency was marked by the highs of the 1978 Camp David accords between Israel and Egypt, bringing some stability to the Middle East. But it was dogged by an economy in recession, persistent unpopularity and the embarrassment of the Iran hostage crisis that consumed his final 444 days in office. Former president Jimmy Carter celebrating his 85th birthday at the reopening of the Jimmy Carter Library and Museum in 2009. Credit: David Whitley/The Carter Centre In recent years, Carter had experienced several health issues including melanoma that spread to his liver and brain. Carter decided to receive hospice care in February 2023 instead of undergoing additional medical intervention. His wife, Rosalynn Carter, died on November 19, 2023, at age 96. He looked frail when he attended her memorial service and funeral in a wheelchair. Carter left office profoundly unpopular but worked energetically for decades on humanitarian causes. He was awarded the Nobel Peace Prize in 2002 in recognition of his “untiring effort to find peaceful solutions to international conflicts, to advance democracy and human rights, and to promote economic and social development.” Carter had been a centrist as governor of Georgia with populist tendencies when he moved into the White House as the 39th U.S. president. He was a Washington outsider at a time when America was still reeling from the Watergate scandal that led Republican Richard Nixon to resign as president in 1974 and elevated Ford from vice president. “I’m Jimmy Carter and I’m running for president. I will never lie to you,” Carter promised with an ear-to-ear smile. Rosalynn and Jimmy Carter pictured at an NFL football game in 2018. Credit: AP Asked to assess his presidency, Carter said in a 1991 documentary: “The biggest failure we had was a political failure. I never was able to convince the American people that I was a forceful and strong leader.” Despite his difficulties in office, Carter had few rivals for accomplishments as a former president. He gained global acclaim as a tireless human rights advocate, a voice for the disenfranchised and a leader in the fight against hunger and poverty, winning the respect that eluded him in the White House. Carter won the Nobel Peace Prize in 2002 for his efforts to promote human rights and resolve conflicts around the world, from Ethiopia and Eritrea to Bosnia and Haiti. His Carter Centre in Atlanta sent international election-monitoring delegations to polls around the world. A Southern Baptist Sunday school teacher since his teens, Carter brought a strong sense of morality to the presidency, speaking openly about his religious faith. He also sought to take some pomp out of an increasingly imperial presidency - walking, rather than riding in a limousine, in his 1977 inauguration parade. The Middle East was the focus of Carter’s foreign policy. The 1979 Egypt-Israel peace treaty, based on the 1978 Camp David accords, ended a state of war between the two neighbours. Carter brought Egyptian President Anwar Sadat and Israeli Prime Minister Menachem Begin to the Camp David presidential retreat in Maryland for talks. Later, as the accords seemed to be unravelling, Carter saved the day by flying to Cairo and Jerusalem for personal shuttle diplomacy. The treaty provided for Israeli withdrawal from Egypt’s Sinai Peninsula and establishment of diplomatic relations. Begin and Sadat each won a Nobel Peace Prize in 1978. By the 1980 election, the overriding issues were double-digit inflation, interest rates that exceeded 20% and soaring gas prices, as well as the Iran hostage crisis that brought humiliation to America. These issues marred Carter’s presidency and undermined his chances of winning a second term. Hostage crisis On November 4, 1979, revolutionaries devoted to Iran’s Ayatollah Ruhollah Khomeini had stormed the US Embassy in Tehran, seized the Americans present and demanded the return of the ousted shah Mohammad Reza Pahlavi, who was backed by the United States and was being treated in a U.S. hospital. The first day of occupation of the US embassy in Tehran in 1979 shows US hostages being paraded by their militant Iranian captors. Credit: Getty Images The American public initially rallied behind Carter. But his support faded in April 1980 when a commando raid failed to rescue the hostages, with eight U.S. soldiers killed in an aircraft accident in the Iranian desert. Carter’s final ignominy was that Iran held the 52 hostages until minutes after Reagan took his oath of office on January 20, 1981, to replace Carter, then released the planes carrying them to freedom. In another crisis, Carter protested the former Soviet Union’s 1979 invasion of Afghanistan by boycotting the 1980 Olympics in Moscow. He also asked the U.S. Senate to defer consideration of a major nuclear arms accord with Moscow. Unswayed, the Soviets remained in Afghanistan for a decade. Carter won narrow Senate approval in 1978 of a treaty to transfer the Panama Canal to the control of Panama despite critics who argued the waterway was vital to American security. He also completed negotiations on full U.S. ties with China. Carter created two new US Cabinet departments - education and energy. Amid high gas prices, he said America’s “energy crisis” was “the moral equivalent of war” and urged the country to embrace conservation. “Ours is the most wasteful nation on earth,” he told Americans in 1977. In 1979, Carter delivered what became known as his “malaise” speech to the nation, although he never used that word. “After listening to the American people I have been reminded again that all the legislation in the world can’t fix what’s wrong with America,” he said in his televised address. “The threat is nearly invisible in ordinary ways. It is a crisis of confidence. It is a crisis that strikes at the very heart and soul and spirit of our national will. The erosion of our confidence in the future is threatening to destroy the social and the political fabric of America.” As president, the strait-laced Carter was embarrassed by the behaviour of his hard-drinking younger brother, Billy Carter, who had boasted: “I got a red neck, white socks, and Blue Ribbon beer.” Ronald Reagan Jimmy Carter withstood a challenge from Massachusetts Senator Edward Kennedy for the 1980 Democratic presidential nomination but was politically diminished heading into his general election battle against a vigorous Republican adversary. Reagan, the conservative who projected an image of strength, kept Carter off balance during their debates before the November 1980 election. Jimmy Carter, left, and Ronald Reagan shake hands before their presidential debate in 1980. Credit: AP Reagan dismissively told Carter, “There you go again,” when the Republican challenger felt the president had misrepresented Reagan’s views during one debate. Carter lost the 1980 election to Reagan, who won 44 of the 50 states and amassed an Electoral College landslide. James Earl Carter Jr. was born on Oct. 1, 1924, in Plains, Georgia, one of four children of a farmer and shopkeeper. He graduated from the U.S. Naval Academy in 1946, served in the nuclear submarine program and left to manage the family peanut farming business. He married his wife, Rosalynn, in 1946, a union he called “the most important thing in my life.” They had three sons and a daughter. Carter became a millionaire, a Georgia state legislator and Georgia’s governor from 1971 to 1975. He mounted an underdog bid for the 1976 Democratic presidential nomination, and out-hustled his rivals for the right to face Ford in the general election. With Walter Mondale as his vice presidential running mate, Carter was given a boost by a major Ford gaffe during one of their debates. Ford said that “there is no Soviet domination of Eastern Europe and there never will be under a Ford administration,” despite decades of just such domination. Carter edged Ford in the election, even though Ford actually won more states - 27 to Carter’s 23. Not all of Carter’s post-presidential work was appreciated. Former President George W. Bush and his father, former President George H.W. Bush, both Republicans, were said to have been displeased by Carter’s freelance diplomacy in Iraq and elsewhere. In 2004, Carter called the Iraq war launched in 2003 by the younger Bush one of the most “gross and damaging mistakes our nation ever made.” He called George W. Bush’s administration “the worst in history” and said Vice President Dick Cheney was “a disaster for our country.” In 2019, Carter questioned Republican Donald Trump’s legitimacy as president, saying “he was put into office because the Russians interfered on his behalf.” Trump responded by calling Carter “a terrible president.” Carter also made trips to communist North Korea. A 1994 visit defused a nuclear crisis, as President Kim Il Sung agreed to freeze his nuclear program in exchange for resumed dialogue with the United States. That led to a deal in which North Korea, in return for aid, promised not to restart its nuclear reactor or reprocess the plant’s spent fuel. But Carter irked Democratic President Bill Clinton’s administration by announcing the deal with North Korea’s leader without first checking with Washington. In 2010, Carter won the release of an American sentenced to eight years hard labor for illegally entering North Korea. Carter wrote more than two dozen books, ranging from a presidential memoir to a children’s book and poetry, as well as works about religious faith and diplomacy. His book “Faith: A Journey for All,” was published in 2018. Reuters
Airwrap, Supersonic: Dyson Clears Out Stock of Its Hair Dryers with Major Price CutsRaw milk nearly killed her son. Now avian flu is bringing more attention to its riskThe dream of playing for a Big 12 title is still alive for the Colorado Buffaloes, but it isn’t as attainable as it was before a trip to Kansas City, Mo., this past weekend.
Jimmy Carter's political journey: From Plains to the White House, 39th US president dies at 100Queen Letizia and King Felipe's new portraits by Annie Leibovitz are fit for royaltyMichael Zheng becomes first NCAA singles tourney winner from N.J. in nearly a century
Majority of Thais plan New Year travel, Seek cash handouts from government to boost tourismFILIPINOS have embraced the local proverb, "Kapag maiksi ang kumot, matutong mamaluktot" (when the blanket is short, learn to bend) in 2024, navigating rising prices with resourceful purchasing habits. This resilience is highlighted in the latest Sari IQ report by Packworks, a Filipino startup that provides a business-to-business (B2B) open platform to sari-sari stores, providing a snapshot of the state of the grassroots retail sector in the country. Register to read this story and more for free . Signing up for an account helps us improve your browsing experience. OR See our subscription options.Shocking News from Singapore! Discover the Surprising Shift in Investment Strategies.
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