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Global equity funds attracted inflows for an 11th successive week through Dec. 11, supported by signs that a cooling U.S. labor market and stable consumer prices might facilitate a third consecutive rate cut by the Federal Reserve this month. Investors snapped up global equity funds worth a net $10.18 billion during the week, following about $21.19 billion worth of net purchases in the prior week, LSEG Lipper data showed. Last week’s U.S. employment report showed a surge in job growth for November, rebounding from disruptions caused by hurricanes and strikes, but the unemployment rate increased to 4.2%, signaling a loosening labor market that could prompt the Federal Reserve to cut interest rates again this month. U.S. equity funds continued to attract investors for a sixth consecutive week, receiving net inflows of $6.36 billion. European funds gained $3.24 billion, but Asian funds experienced a net outflow of $278 million. Sectoral funds faced their first weekly outflow in five weeks, totaling a net $1.94 billion. Notably, healthcare, technology and consumer discretionary sectors saw outflows of $1.08 billion, $654 million and $616 million, respectively. Global bond funds marked their 51st consecutive week of net investments, attracting $10.19 billion. Corporate bond funds led with a robust $3.21 billion – the highest weekly inflow since September 18 – while loan participation funds recorded their 12th consecutive weekly inflow, totaling $1.32 billion. Last week, investors liquidated $16.29 billion from money market funds, following substantial purchases of $169.16 billion the previous week. In commodities, the energy segment experienced a net outflow of $256 million, marking its third weekly loss in four weeks, while gold and precious metal funds saw net inflows of $190 million. Data covering 29,593 emerging market funds showed that investors withdrew $2.35 billion from equity funds for the fifth consecutive week, while bond funds saw $721 million in net sales. Source: Reuters (Reporting by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru; Editing by Andrew Heavens)
Pittsburgh quarterback Eli Holstein was carted off the field with 5:32 left in the first quarter with an apparent left ankle injury during Saturday's Atlantic Coast Conference game against host Louisville. The freshman was sacked at the Panthers' 49-yard line by Louisville's Ashton Gillotte, who rolled on the quarterback's ankle. Holstein was in a walking boot as he was helped to the cart. Holstein missed last week's game against Clemson after suffering a head injury in the loss to Virginia two weeks ago. Holstein was 3-for-5 passing for 51 yards and an interception before exiting. Nate Yarnell, who threw for 350 yards in the loss to Clemson, replaced Holstein. --Field Level MediaBOSTON (AP) — After weeks of fear and bewilderment about the drones buzzing over parts of New York and New Jersey , elected officials are urging action to identify and stop the mysterious flights. “There’s a lot of us who are pretty frustrated right now,” Rep. Jim Himes, D-Conn., the top Democrat on the House Intelligence Committee, said on “Fox News Sunday.” “’We don’t know’ is not a good enough answer,” he said. National security officials have said the drones don’t appear to be a sign of foreign interference or a public safety threat. But because they can’t say with certainty who is responsible for the sudden swarms of drones over parts of New Jersey, New York and other eastern parts of the U.S. — or how they can be stopped — has led leaders of both political parties to demand better technology and powers to deal with the drones. Sen. Chuck Schumer called Sunday for the U.S. Department of Homeland Security to deploy better drone-tracking technology to identify the drones and their operators. “New Yorkers have tremendous questions about it,” Schumer, the Senate Majority leader, told reporters about the drone sightings. “We are going to get the answers for them.” The federal government did little to answer those questions in its own media briefings Sunday morning. “There’s no question that people are seeing drones,” U.S. Homeland Security Secretary Alejandro Mayorkas told ABC’s George Stephanopoulos. “But I want to assure the American public that we are on it. We are working in close coordination with state and local authorities.” Some of the drones reported above parts of New York and New Jersey have turned out to be “manned aircraft that are commonly mistaken for drones,” Mayorkas said. “We know of no foreign involvement with respect to the sightings in the Northeast. And we are vigilant in investigating this matter.” Last year, federal aviation rules began requiring certain drones to broadcast their remote identification, including the location of their operators. It’s not clear whether that information has been used to determine who is behind the drones plaguing locations over New York and New Jersey. Mayorkas’ office didn’t respond to questions about whether they’ve been able to identify drones using this capability. Schumer wants the federal government to use a recently declassified radio wave technology in New York and New Jersey. The radio wave detector can be attached to a drone or airplane and can determine whether another flying object is a bird or a drone, read its electronic registration, and follow it back to its landing place. Schumer said state and local authorities do not have the authority to track drones. On Sunday, New York Gov. Kathy Hochul said federal officials were sending a drone detection system to the state. “This system will support state and federal law enforcement in their investigations,” Hochul said in a statement. The governor did not immediately provide additional details, including where the system will be deployed. Dozens of mysterious nighttime flights started last month over parts of New Jersey, raising concerns among residents and officials. Part of the worry stems from the flying objects initially being spotted near the Picatinny Arsenal, a U.S. military research and manufacturing facility and over President-elect Donald Trump’s golf course in Bedminster. Drones are legal in New Jersey for recreational and commercial use, but they are subject to local and Federal Aviation Administration regulations and flight restrictions. Operators must be FAA certified. Drones are now being reported all along the northern East Coast, with suspicious sightings in Connecticut, Massachusetts, Pennsylvania and Virginia, according to news reports. Some U.S. political leaders, including Trump, have called for much stronger action against these drones, including shooting them down. Certain agencies within the Department of Homeland Security have the power to “incapacitate” drones, Mayorkas said Sunday. “But we need those authorities expanded,” he said. A bill before the U.S. Senate would enhance some federal agencies’ authority and give new abilities to local and state agencies to track drones. It would also start a pilot program allowing states and local authorities to disrupt, disable or seize a drone without prior consent of the operator. “What the drone issue points out are gaps in our agencies, gaps in our authorities between the Department of Homeland Security, local law enforcement, the Defense Department.,” said Rep. Mike Waltz, R-Fla., Trump’s pick to be his national security adviser, speaking on CBS’ “Face the Nation” on Sunday. “Americans are finding it hard to believe we can’t figure out where these are coming from.’’ ___ Collins reported from Hartford, Connecticut. More articles from the BDN
Rico Carty, who won the 1970 NL batting title when he hit a major league-best .366 for the Atlanta Braves, has died. He was 85. Major League Baseball , the players' association and the Braves paid tribute to Carty on social media on Sunday. No further details on Carty's death were provided. “Carty was one of the first groundbreaking Latino stars in the major leagues, and he established himself as a hero to millions in his native Dominican Republic, his hometown of San Pedro de Macoris, and the city of Atlanta, where he was a beloved fan favorite,” the players' association said in its statement . The Braves said Carty left an indelible mark on the organization. “While his on-field accomplishments will never be forgotten, his unforgettable smile and generous nature will be sorely missed,” the team said in its statement. Carty made his big league debut with the Braves in September 1963. He batted .330 with 22 homers and 88 RBIs in his first full season in 1964, finishing second to Dick Allen in voting for NL Rookie of the Year. The Braves moved from Milwaukee to Atlanta after the 1965 season, and Carty got the franchise's first hit in its new home on April 12, 1966, against Pittsburgh. Carty had his best year in 1970, batting .366 with 25 homers and a career-best 101 RBIs. He started the All-Star Game after he was elected as a write-in candidate, joining Willie Mays and Hank Aaron in the NL outfield. Carty batted .299 with 204 homers and 890 RBIs over 15 years in the majors, also playing for Cleveland, Toronto, Oakland, Texas and the Chicago Cubs. He retired after the 1979 season. AP MLB: https://apnews.com/hub/MLBWhat is Zacks Research’s Estimate for Microsoft Q2 Earnings?
Sullinger leads Kent State past Div. III-Heidelberg 84-80
Pay first, deliver later: Some women are being asked to prepay for their babyFrisco hosting informational meeting addressing “forever chemicals” in water source on Dec. 19
ISLAMABAD: Minister for Information and Broadcasting Attaullah Tarar has said that strict action will be taken against anyone participating in the protest in Islamabad as it has been declared illegal by Islamabad High Court (IHC), ARY News reported. Addressing a news conference in Islamabad on Saturday, he said there is no engagement with the PTI at any level. He clarified that contact was made with PTI Chairman Gohar Ali Khan only once in compliance with Islamabad High Court’s ruling and they have been informed that this protest is illegal. He said anyone participating in the protest will be arrested and face legal consequences. He said that both Islamabad and Punjab Police have been given clear instructions that no one will be allowed to take the law into their hands or damage public property. He said the PTI speaks the language of Pakistan’s enemies. Expressing satisfaction over improved economic indicators, the Information Minister said the stock market which is touching peak levels is reflection of conducive business environment in the country. He however regretted the PTI gives the protest call whenever any country announces to invest in Pakistan. He recalled that the PTI staged a sit-in when the Chinese President was about to come to Pakistan for the CPEC. He said the PTI also announced a protest on the occasion of SCO meeting. The Information Minister said the President of Belarus who is an excellent friend of Pakistan, is now paying a visit. He said Belarus will collaborate with Pakistan for local manufacturing of tractors. He said the Chief Minister Khyber Pakhtunkhwa should pay attention to the law and order situation of the province.EAST RUTHERFORD, N.J. (AP) — Tampa Bay Buccaneers quarterback Baker Mayfield embarrassed the woeful Giants with his arm and legs, and if that wasn't enough, he rubbed it in by mimicking New York fan favorite Tommy DeVito's celebratory dance after scoring a touchdown. Mayfield catapulted into the end zone on a spectacular 10-yard scramble for one of Tampa Bay's four rushing TDs, and the Buccaneers beat the Giants and new starting quarterback DeVito 30-7 on Sunday, snapping a four-game losing streak and extending New York's skid to six. With both teams struggling and coming off byes, most of the focus leading up to the game was on the Giants' decisions this week to bench and then release quarterback Daniel Jones. The brash DeVito was given the starting job and asked to spark coach Brian Daboll's team, as he did last season. Instead, Mayfield provided the energy with his play and his trolling of DeVito. “Tribute to Tommy,” said a straight-faced Mayfield, who was 24 of 30 for 294 yards. “He’s a good dude, that’s why. Most of the times, I don’t know what I’m going to do. It’s spontaneous.” Mayfield was asked several times about the gesture and admitted he wanted to give Giants fans something they liked, adding he met DeVito at the Super Bowl in Las Vegas in February. “He had his chain blinged out, swag walking through the casino. It was awesome,” Mayfield said. “It was like a movie scene, honestly.” DeVito did nothing to help the NFL's lowest-scoring offense. He threw for 189 yards, mostly in the second half with New York well on its way to its sixth straight loss at home, where it is winless. Meanwhile, the Buccaneers dominated in every phase in a near-perfect performance that featured TD runs of 1 yard by Sean Tucker, 6 yards by Bucky Irving and 1 yard by Rachaad White. After recent losses to the Ravens, 49ers and Chiefs, Tampa Bay (5-6) moved within one game of idle Atlanta in the NFC South. “We’re hoping it builds confidence,” Mayfield said. “We have a belief that we are still sitting and controlling our own destiny.” Tampa Bay scored on five of its on first six possessions to open a 30-0 lead, and none was more exciting than Mayfield's TD run with 12 seconds left in the first half. On a second-and-goal from the 10, he avoided pressure and went for the end zone. He was hit by Cor'Dale Flott low and Dru Phillips high around the 2-yard line, and he was airborne when he crossed the goal line. The ball came loose when he hit the turf but he jumped up and flexed, DeVito-style, as the Bucs took a 23-0 lead. DeVito said players talked about the celebration in the locker room but he did not see it. Daboll was asked about the gesture and said Mayfield played well. He said the Giants' poor performance had nothing to do with Jones being released. “No excuse on that,” said Daboll, whose job is on the line despite making the playoffs in 2022. “We just didn’t do a good enough job.” “We played soft, and they beat the (expletive) out of us,” defensive tackle Dexter Lawrence added. Mayfield's favorite target Mike Evans returned to the lineup after missing three games with a hamstring injury and had five catches for 68 yards. Irving had 87 yards rushing and six catches for 64 yards. The Bucs held New York to three first downs and 45 yards in the first half, and they finished with 450 yards to the Giants' 245. DeVito had a 17-yard run in the fourth quarter to set up a 1-yard touchdown run by Devin Singletary. The brash New Jersey native was sacked four times, including once in the fourth quarter, which forced him to go to the bench for one play. Buccaneers: LT Tristan Wirfs (knee) did not play and Justin Skule replaced him. ... Tampa Bay lost OLB Joe Tryon-Shoyinka to an ankle injury in the second quarter and safety Jordan Whitehead to a pectoral injury in the fourth quarter. Giants: LT Jermaine Eluemunor (quad) and OLB Azeez Ojulari (toe) were hurt in the first quarter and did not return. Buccaneers: At Carolina next Sunday. Giants: At Dallas on Thanksgiving AP NFL: https://apnews.com/hub/nflYuewen Music Festival received scathing reviews from attendees after the first of its three-day event at Siloso Beach, Sentosa, on Dec 28. The festival, organised by Chinese entertainment company Yuewen Group, has two more days to go on Dec 29 and 31, but attendees on the first day are already calling it a disaster on social media platforms including Reddit, Xiaohongshu, Instagram and TikTok. The festival features a slate of Asian acts. On Dec 28, the line-up included Taiwanese Mandopop singers Maggie Chiang and Lala Hsu, K-pop girl groups Kiss Of Life, Itzy and Red Velvet’s sub-unit Irene & Seulgi, and Thai singer-actor idols Billkin Putthipong Assaratanakul and PP Krit Amnuaydechkorn. Trouble reportedly started midway through Chiang’s set, when a lightning warning was issued. Attendees were evacuated from the event area, and Chiang’s set was cut short. Netizens said they understood safety concerns regarding the weather, but one TikTok user claimed that Yuewen had “no wet weather plan”. While Yuewen’s official Instagram account stated that holders of standard passes to the event were supposed to be able to take shelter at the Sapphire Pavilion at Siloso Beach, several attendees reported that they were ushered out onto the road, where there was no shelter available. A Reddit user on the Singapore Raw forum alleged that organisers exposed attendees to a lightning risk and called the festival the “worst event” the user had attended. Singaporean contestant Yang Yan on Starlight Boys eliminated Many standard-pass ticket holders also said they were made to queue and go through bag checks again when re-entering the event, after the lightning warning was lifted. This caused a long line to form outside the entrance, and several fans of K-pop girl group Kiss Of Life – the first group to perform after the event resumed – said they missed the quartet’s show while being stuck in the re-entry queue. A post shared by Yuewen Official (@officialyuewen) One user on Yuewen’s Instagram account wrote: “Ridiculous that you dispersed people in the queue due to the lightning warning and when resumed, (the) show started immediately with lots of people still waiting for entry outside.” Another user said: “Came for Kiss Of Life, but couldn’t even get in during the performance because of horrible management (of the event).” Some also complained that during Thai singer PP Krit’s set, part of his performance was blocked by rain tents the organisers had set up onstage. The event did not allow attendees to take along umbrellas or water bottles, but also did not provide rain ponchos or drinking water. According to a Xiaohongshu user, ponchos reportedly cost $12, while a cup of water reportedly cost $5. Many netizens were also upset with the number of advertisements that ran between acts, with some saying that 10 to 30 minutes of advertisements for sponsors and Yuewen’s own works played between the performances. One comment written in Chinese on Yuewen’s Instagram account read: “We bought tickets to watch the artistes’ perform, we’re not here to watch your advertisements.” Prices ranged from $208 to $228 for a standard one-day ticket and $398 for a premium one-day ticket. The event had earlier been hit with criticisms. Its early-bird tickets were available from Oct 29 to Nov 9 at a 20 per cent discount, but a later sale – from Nov 29 to Dec 2 during Black Friday and Cyber Monday – offered tickets at up to 40 per cent off. The price difference angered many buyers of the early-bird tickets. A post shared by Akimoto Taiki (@akimototaiki) In response to the backlash, Yuewen Group issued a statement saying all outdoor performances, aside from the festival’s show on Dec 31, have to end by 10.30pm – which was why certain acts started their performances while many attendees were still waiting for re-entry. The group has added six extra tents to the main entrance, where standard-pass ticket holders can seek shelter in the event of an evacuation due to weather conditions, and handed out free ponchos on Dec 29 when it rained. The statement added: “In the event of unexpected weather, we will continue working with the police and the performing artistes’ teams to find solutions and ensure that every performance proceeds as scheduled.” More acts, including K-pop boy band BigBang’s Daesung and Taeyang, as well as Japanese pop diva Mika Nakashima are expected over the following days.
Carty, 1970 NL batting champ with Braves, dies
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