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Premier Doug Ford’s Progressive Conservatives have used their parliamentary majority to ram through a controversial law restricting bike lanes. “One per cent of the population cannot take up 50 per cent of the roads,” said Ford, understating the number of Torontonians who cycle and overstating the amount of space bike lanes take up in the city. His comments Monday came as Transportation Minister Prabmeet Sarkaria’s Bill 212, the Reducing Gridlock, Saving You Time Act, passed third reading at Queen’s Park by a vote of 66-27. The law, which is designed to reduce congestion, forces municipalities to get provincial approval for any new bike lanes that impact vehicular traffic. But it also gives Queen’s Park the power to remove existing lanes on University Avenue, Yonge Street and Bloor Street in Toronto. “It doesn’t make sense to rip up some of our busiest roads in the entire city to accommodate a very few percentage of people that use their bikes,” said Sarkaria, who has not yet determined if sections of the existing lanes will be retained or when dismantling would begin. “It is better for them to use secondary roads, which is also safer for them as well. We’ve got to get this city moving,” he said. The City of Toronto, which opposes the changes, estimates it would cost $48 million to dismantle $27 million in lane infrastructure, a claim Ford dismissed as ” .” His government will foot the tab for taking out the lanes, which he insists will be far lower. The legislation also indemnifies from people or their families from suing if someone is killed or injured on a road where a bike lane was removed. While the new law affects cities across Ontario, the premier, who missed the legislative vote, acknowledged his emphasis is “on the congestion in Toronto.” “It’s the worst congestion city in North America, third worst in the entire world,” he said in Burlington. “I always say it’s not ‘either/or,’ it’s ‘and’ — let’s work together and have a safe pathway for bikes and keep cars and vehicles moving.” NDP Leader Marit Stiles, whose party voted against the Tory bill, said “we have a premier who is so focused on his vanity projects and fighting battles that he lost on Toronto city council, instead of actually focusing on the priorities of Ontarians.” That’s a reference to his one term at city hall when his late brother, Rob Ford, was mayor between 2010 and 2014. “The fact that the government decided to pass a law to protect themselves from lawsuits tells you everything you need to know about this government — they’re more worried about protecting their own behinds than they are about protecting the lives of road users,” said Stiles. Liberal MPP John Fraser (Ottawa South) said the bike lane bill is a “distraction” so Ford can deflect attention from other challenges. “Maybe the premier could focus on things that are important Ontario families like the 2.5 million Ontarians who don’t have family doctor or hallway health care,” said Fraser, whose party also voted against the bill. “He doesn’t want us to look at those things.” Green Leader Mike Schreiner blasted Ford for spending taxpayers’ dollars to destroy publicly funded infrastructure. “It’s ridiculous that people in Bracebridge, Sudbury, North Bay are paying to remove bike lanes in Toronto that’s actually going to make traffic worse and put people’s lives at risk,” said Schreiner.

Abhishek Bachchan and Aishwarya Rai Bachchan’s divorce rumours have been circulating for months all over the social media. Abhishek’s name was linked to his ‘Dasvi’ co-star Nimrat Kaur and Aishwarya was reportedly seen distancing herself from the Bachchan family. However, the Bachchans has remained tight-lipped, refusing to address the ongoing speculation. But! Abhishek’s sister Shweta Bachchan recent came with a ‘new twist’ ie, Shweta sent flowers to Aishwarya’s sister-in-law, Shrima Rai. Shrima, who is married to Aishwarya’s brother Aditya Rai, shared an Instagram story thanking Shweta and her husband, Nikhil Nanda, for sending a bouquet of flowers. Internet Reacts The post quickly went viral, with netizens flooding social media with their reactions. Some viewed the gesture as an attempt to highlight Aishwarya’s alleged estrangement from both her in-laws and her own family. One user speculated, “So either things are not as bad as everyone says, or Aishwarya simply doesn’t get along with anyone.” Another quipped, “Nanad ki nanad se dosti? Bombastic side eye.” On Reddit, users debated the implications of the bouquet, with one commenter suggesting it was a subtle jab at Aishwarya: “This is so below the belt. Sending flowers and pleasantries while knowing full well how strained her relationships are.” The divorce speculation first gained traction earlier this year when Aishwarya and her daughter, Aaradhya, attended a high-profile wedding separately from the rest of the Bachchan family. This incident, combined with Abhishek liking a social media post about the challenges of love and marriage, fueled rumours of a rift. Adding to the drama, reports claim Aishwarya has a strained relationship with her brother Aditya Rai and his wife, Shrima Rai. These allegations, coupled with her alleged distance from her in-laws, have painted a complex picture of her personal life. While the rumours show no signs of slowing down, the Bachchan family has opted to maintain a dignified silence. Abhishek has denied the divorce claims in the past but has refrained from making any detailed public statements. Meanwhile, Shweta Bachchan’s unexpected gesture has left fans speculating about the dynamics within the Bachchan and Rai families. ALSO READ: Kantara Chapter 1 Shooting Stops, Six Injured After Bus Overturned In Udupi

Stocks closed higher on Tuesday, even as a single biotech slid as much as 12% and dragged on the 30-stock Dow Jones Industrial Average. Yields were up too after President-elect Donald Trump said he'll impose new tariffs on Mexico, Canada and China on day one of his new administration. "On Friday, the President-elect used his Truth Social platform to announce hedge fund manager Scott Bessent as his Treasury Secretary, cheering markets with a relatively conventional pick to steer the world's No. 1 economy," writes Bloomberg's Alan Crawford . "But any vague hopes that Trump was going mainstream were short-lived," Crawford continues. "He sent investors into a flap with another post yesterday pledging to hit Mexico and Canada with tariffs of 25% on 'ALL products' entering the US, plus levies of 10% on China." Subscribe to Kiplinger’s Personal Finance Be a smarter, better informed investor. Sign up for Kiplinger’s Free E-Newsletters Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail. Profit and prosper with the best of expert advice - straight to your e-mail. Investors seemed to shrug off the president-elect's after-hours post, reverting to the cautious optimism generated by the Bessent nomination . In an October interview with Matt Peterson of Barron's, Bessent expressed his belief that Trump "won't do anything to take the economy off the cliff." Noting that Alexander Hamilton, America's first Treasury secretary, "also happened to be America's original proponent of tariffs," Bessent in a November 15 Fox News op-ed suggests Trump will deploy them "as a negotiating tool with our trading partners." As Peterson frames it in a follow-up filed today, "The new tariffs plan raises this question: How far Trump can push his attempts at an international economic reordering without upsetting the markets?" Following Monday's sharp declines as investors priced in their initial reaction to the Bessent nomination, yields on both the 10-year U.S. Treasury note and the 2-year U.S. Treasury bill rose again early on Tuesday. The yield on the 10-year was up 3 basis points to 4.30% as of 4 pm Eastern time, while the 2-year yield gave back most of the 5 basis points it added intraday and closed flat at 4.25%. The S&P 500 was up 0.6% at 6,021 – its second-ever close above the 6K level. The Nasdaq Composite added 0.6% to 19,174. And the Dow rallied off its intraday low and closed higher by 0.3% at 44,860. Amgen weighs on the Dow Amgen ( AMGN ) traded down as much as 12.3% Tuesday after the company reported Phase 2 trial data for its weight-loss drug that came up short of Wall Street expectations for its efficacy. The biotech stock closed down 4.8% at $280.01, dragging on the Dow. The drugmaker said non-diabetic overweight or obese patients lost an average of 20% of their body weight after a year on its MariTide therapy, with no plateau. Those results are in line with data for Eli Lilly's ( LLY ) Zepbound, but they're also at the low end of Wall Street expectations. Mizuho Securities America healthcare strategist Jared Holz told CNBC that "investors remain even more confident" that LLY and Novo Nordisk ( NVO ) will lead the weight loss drug market. Novo Nordisk's weight loss drug is called Wegovy. William Blair analyst Matt Phipps said AMGN still offers "a differentiated product profile versus currently approved GLP-1 therapies" and that MariTide has "potential for meaningful market share." Amgen said it will test MariTide in a Phase 3 clinical trial. Stocks on the move Kohl's ( KSS ) stock plunged 17% after the retailer came up short of top- and bottom-line expectations for its third quarter and slashed its full-year outlook due to softness in its apparel and footwear businesses. "We are not satisfied with our performance in 2024 and are taking aggressive action to reverse the sales declines," said CEO Tom Kingsbury in what is his last statement on the retailer's quarterly results as its chief executive. On Monday, Kohl's announced that Kingsbury will step down on January 15, 2025. Ashley Buchanan, the former CEO of Michael's, will become Kohl's third CEO since 2018. Best Buy ( BBY ) stock fell 4.9% after the electronics retailer missed top- and bottom-line expectations for its fiscal third quarter. Management also trimmed Best Buy's full-year outlook. Citing "a combination of the ongoing macro uncertainty, customers waiting for deals and sales events, and distraction during the run-up to the election," CEO Corie Barry said Best Buy "delivered an in-line non-GAAP operating income rate" even though sales "were a little softer than expected." The consumer discretionary stock has enjoyed a solid 2024, rising more than 20% even accounting for Tuesday's decline. But Best Buy is among the companies most exposed to potential new tariffs on imported products. Rivian Automotive ( RIVN ) stock rose as much as 5.7% after the electric vehicle (EV) maker announced it had secured a conditional commitment for a loan of up to $6.6 billion from the U.S. Department of Energy. RIVN closed lower by 0.4%. Proceeds from the loan, should it close, will fund construction of a new EV plant in Georgia and will allow Rivian "to more aggressively scale our U.S. manufacturing footprint for our competitively priced R2 and R3 vehicles that emphasize both capability and affordability," said CEO RJ Scaringe. "Although we still remain confident in the long-term Rivian vision," wrote Wedbush analyst Daniel Ives in a November 8 note, "it will take some serious strides for the company to regain trust in the short-term vision in the eyes of the Street." Incoming economic data The backward-looking minutes from the November FOMC meeting show monetary policymakers continue to focus on incoming data and to prioritize the health of the labor market amid signs of progress in their fight against inflation . "In discussing the outlook for monetary policy, participants anticipated that if the data came in about as expected, with inflation continuing to move down sustainably to 2 percent and the economy remaining near maximum employment," the November FOMC minutes read, "it would likely be appropriate to move gradually toward a more neutral stance of policy over time." According to the CME FedWatch tool , the probability of a 25 basis point rate cut at the next Fed meeting in December is now 59.6%, down from 74.6% on October 25. As for fresh economic data, home price growth in the 20 largest U.S. cities slowed to 4.6% in September from the year-ago period. That's down from a 5.2% increase in the prior month, according to S&P Dow Jones Indices . "Home price growth stalled in the third quarter, after a steady start to 2024," notes Brian D. Luke , head of commodities, real estate and digital assets at S&P Dow Jones Indices. Bright MLS Chief Economist Lisa Sturtevant notes that the home-price index usually "has shown an increase in home price growth between August and September. This year, the September data could be indicative of a slowdown in home price appreciation in the months ahead." New home sales declined 17.3% to a seasonally adjusted annual rate of 610,000 in October from the prior month, according to the Census Bureau . The Conference Board's Consumer Confidence Index rose to 111.7 in November, an increase of 2.1 points from its 109.6 reading in October. "November's increase was mainly driven by more positive consumer assessments of the present situation, particularly regarding the labor market," said Dana M. Peterson , chief economist at The Conference Board. Wednesday's economic calendar is packed. Fresh data on initial jobless claims, durable goods orders, the U.S. trade balance, retail and wholesale inventories, and GDP will be released at 8:30 am Eastern time. Personal Consumption and Expenditures Price Index (PCE) data for October will follow at 10 am. The PCE is the Fed's preferred inflation gauge. Based on data compiled by FactSet, analysts expect the PCE to show a 0.20% month-over-month increase in October vs 0.18% in September. The forecast for the year-over-year rate is 2.3% vs 2.1% in September. The consensus sees core PCE rising 0.29% in October vs 0.25% in September. Year-over-year core PCE is forecast at 2.8% vs 2.7%. Related content Best Dividend Stocks to Buy for Dependable Dividend Growth The Best Large-Cap Stocks to Buy Four Ways to Maximize Your 401(k) Contributions Before the Year EndsMutual of America Capital Management LLC lessened its stake in shares of Capri Holdings Limited ( NYSE:CPRI – Free Report ) by 4.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 63,660 shares of the company’s stock after selling 3,081 shares during the period. Mutual of America Capital Management LLC’s holdings in Capri were worth $2,702,000 at the end of the most recent reporting period. Other hedge funds also recently bought and sold shares of the company. Blair William & Co. IL increased its position in Capri by 5.8% during the 2nd quarter. Blair William & Co. IL now owns 6,362 shares of the company’s stock worth $210,000 after purchasing an additional 350 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Capri by 14.7% during the second quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock worth $90,000 after buying an additional 351 shares in the last quarter. EMC Capital Management raised its position in shares of Capri by 32.7% in the first quarter. EMC Capital Management now owns 2,421 shares of the company’s stock valued at $110,000 after buying an additional 596 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of Capri by 82.4% during the first quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock valued at $60,000 after buying an additional 601 shares during the period. Finally, CWM LLC boosted its position in Capri by 35.2% during the second quarter. CWM LLC now owns 2,452 shares of the company’s stock worth $81,000 after acquiring an additional 638 shares during the last quarter. Hedge funds and other institutional investors own 84.34% of the company’s stock. Capri Trading Up 4.0 % Shares of CPRI stock opened at $20.48 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.93 and a debt-to-equity ratio of 0.83. Capri Holdings Limited has a fifty-two week low of $18.70 and a fifty-two week high of $51.23. The firm’s 50 day moving average price is $32.47 and its two-hundred day moving average price is $33.55. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of -6.69, a price-to-earnings-growth ratio of 4.20 and a beta of 2.05. Wall Street Analysts Forecast Growth Get Our Latest Research Report on Capri About Capri ( Free Report ) Capri Holdings Limited designs, markets, distributes, and retails branded women's and men's apparel, footwear, and accessories in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia. It operates through three segments: Versace, Jimmy Choo, and Michael Kors. The company offers ready-to-wear, accessories, footwear, handbags, scarves and belts, small leather goods, eyewear, watches, jewelry, fragrances, and home furnishings through a distribution network, including boutiques, department, and specialty stores, as well as through e-commerce sites. Featured Articles Want to see what other hedge funds are holding CPRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capri Holdings Limited ( NYSE:CPRI – Free Report ). Receive News & Ratings for Capri Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capri and related companies with MarketBeat.com's FREE daily email newsletter .

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Former Florida congressman Matt Gaetz has withdrawn as President-elect Donald Trump’s pick for attorney general following scrutiny over a federal sex trafficking investigation. The Republican's announcement came one day after meeting with senators in an effort to win their support for his confirmation to lead the Justice Department. Here's the latest: As incoming White House chief of staff, one of Susie Wiles ’ vexing challenges will be policing the buffet line of powerful interests who want something from Donald Trump. It’s a world she knows well. During Trump’s first presidency, she lobbied for many of them. Trump was first elected on a pledge to “drain the swamp” in Washington. But his transactional approach to the presidency instead ushered in a lobbying boom that showered allies, including Wiles, with lucrative contracts, empowered wealthy business associates and stymied his agenda after his administration was ensnared in a series of influence-peddling scandals. Now, as Trump prepares to return to power , his victory is likely to embolden those who think they can get his ear, raising the prospect that his second administration could face many of the same perils as his first. That will test the ability of Wiles to manage a growing number of high-powered figures — including Trump’s children, his son-in-law Jared Kushner and billionaires like Elon Musk — who will not be dependent on her for access to the president. ▶ Read more about Susie Wiles and her new role Vance accompanied Matt Gaetz in meetings with GOP senators on Wednesday. “I’m extremely grateful for the work Matt put into the nomination process,” the Ohio senator posted on X. “Matt is a patriot, and I look forward to seeing what he does next.” President Joe Biden still believes President-elect Donald Trump is a dangerous figure in U.S. democracy, his top spokesperson said Thursday. White House press secretary Karine Jean-Pierre said “his thinking on that has not changed” even as the Biden White House emphasizes its commitment to the “peaceful transfer of power.” Jean-Pierre told reporters there is no double-speak in Biden’s approach. Biden framed Donald Trump as a “fundamental threat” to the nation’s identity as a democracy and its stability as a global superpower when he defeated Trump in 2020. He did it as a candidate for reelection. He did it again when he dropped out and endorsed Vice President Kamala Harris. But Jean-Pierre said Biden recognizes the legitimacy of Trump’s election to another term, even if it’s not the result he wanted. “The American people spoke,” she said, adding that Biden wants to be an example of how to respect U.S. elections. That was an opaque reference to Trump’s refusal to accept Biden’s victory in 2020 and the Jan. 6 attack on the U.S. Capitol by Trump supporters as Congress met to affirm the results. White House press secretary Karine Jean-Pierre says she hasn’t spoken to her designated successor, Karoline Leavitt. Jean-Pierre told reporters gathered Thursday at the White House that she hopes the second Trump administration will be forthright with the public by talking to reporters. Trump’s first White House dramatically curtailed its initial interactions with the White House press corps, and Jean-Pierre said Biden and his staff “worked really hard to bring back the norms” with press briefings and interactions. “We’ve tried to do this in a very respectful way,” she said. Jean-Pierre declined to “speak to what any administration is going to do” in the future, but added that the back-and-forth with the press is part of “what democracy is all about.” In other presidential transition news, Trump is urging federal lawmakers to kill a bill that would protect journalists from having to disclose information about anonymous sources or other records obtained during reporting. The proposal that passed in the U.S. House of Representatives, but is pending in the Senate, also bars the government from requesting data from phone or email providers. The bill includes exceptions such as when there’s a reasonable threat of imminent violence or an act of terrorism. As of now, only some states grant absolute protection from disclosing sources or other records. “Republicans must kill this bill!” Trump posted on Truth Social and shared a video from PBS News Hour interviewing the CEO of the Committee to Protect Journalist, Jodie Ginsburg, talking about the proposal. Last month, The Associated Press, along with more than 100 news outlets and organizations, signed a letter authored by the Reporters Committee for Freedom of the Press asking senators to support the bill. White House press secretary Karine Jean-Pierre isn’t commenting on Matt Gaetz withdrawing his nomination as president-elect Donald Trump’s attorney general in the new administration. “We really, truly want to respect the transfer of power,” Jean-Pierre said Thursday during a White House press briefing, explaining her steadfast refusal to comment on Trump personnel moves. But Jean-Pierre nonetheless used the matter to take a subtle jab at how Trump, who was twice indicted by the federal government, has reacted to federal law enforcement. “Look, the president has said when it comes to investigation, that department should be independent. there should be no partisanship. There should be no loyalty to one party or the other,” she said. “The loyalty should be to the Constitution, and the loyalty should be to the rule of law.” Trump has insisted that it was Biden and his lieutenants who weaponized the Justice Department by indicting him for his role in trying to overturn Biden’s 2020 election victory and for hoarding national security documents after Trump left the White House in January 2021. That latter case has been thrown out by a Trump-appointed judge. The former case is still pending. Taken together, there are a striking number of incidents in which potential high-ranking government officials in Trump’s second administration face allegations of sexual abuse. Here’s a look at some of the cases: President-elect Donald Trump: He was found liable by a New York City jury for sexual abuse and defamation and eventually ordered to pay the woman, E. Jean Carroll , $83 million in damages. Pete Hegseth, nominee for secretary of defense: A woman told police she was sexually assaulted in 2017 by Hegseth after he took her phone, blocked the door to a California hotel room and refused to let her leave, according to a detailed investigative report made public this week. Hegseth told police the encounter had been consensual and denies wrongdoing. Robert F. Kennedy Jr., nominee for secretary of health and human services: A woman who babysat for Kennedy and his second wife told Vanity Fair magazine he groped her in the late 1990s, when she was 23. Kennedy did not deny the allegation, telling a podcast: “I had a very, very rambunctious youth.” He texted the woman an apology after the story was published. Linda McMahon, nominee for secretary of education: A lawsuit filed last month alleges McMahon knowingly enabled sexual exploitation of children by a World Wrestling Entertainment employee as early as the 1980s. She denies the allegations. Elon Musk, Trump’s choice to lead the new Department of Government Efficiency: The CEO of Tesla and SpaceX was accused of sexual misconduct by a flight attendant contracted by SpaceX who worked on his private jet in 2016. He denied the claim. ▶ Read more about the allegations of sexual misconduct Among those who were seen as contenders before Gaetz was picked is former acting attorney general Matt Whitaker , who Trump chose earlier this week to serve as U.S. ambassador to NATO. Other names that were floated as potential attorney general nominees include Jeff Jensen, a former U.S. attorney for the Eastern District of Missouri, and Missouri Attorney General Andrew Bailey. Trump last week chose Todd Blanche , an attorney who led the legal team that defended the Republican at his hush money criminal trial , to serve as the second-highest ranking Justice Department official. Emil Bove, a former federal prosecutor, was chosen to be the principal associate deputy attorney general. An attorney who represents two women who say they were paid by Gaetz for sex says his clients are “relieved to have this chapter behind them.” “They’re grateful for the opportunity to move forward with their lives,” said Joel Leppard, whose clients testified before the House Ethics Committee. “They’re hoping that this brings final closure for all the parties involved.” Leppard revealed earlier this week details about his clients’ testimony to House Ethics Committee to release its report on the Gaetz investigation. Leppard said his clients were paid a total of $10,000 by the congressman. One of his clients testified that she saw Gaetz having sex with a 17-year-old at a party in 2017, while he was in Congress. Though Gaetz has withdrawn his name from consideration for attorney general, he isn’t Trump’s only appointee in hot water. A woman told police she was sexually assaulted in 2017 by Pete Hegseth after he took her phone, blocked the door to a California hotel room and refused to let her leave, according to a detailed investigative report made public late Wednesday. Hegseth, a former Fox News personality and Trump’s nominee to be defense secretary, told police at the time that the encounter had been consensual and denied any wrongdoing, the report said. Earlier today, Hegseth held a round of private meetings alongside incoming Vice President JD Vance in an attempt to shore up support and told reporters afterward: “The matter was fully investigated and I was completely cleared, and that’s where I’m gonna leave it.” ▶ Read more about the allegations against Hegseth In his Nov. 13 resignation letter to House Speaker Mike Johnson, Gaetz said, “I hereby resign, as United States Representatives for Florida’s First Congressional District, effective immediately, and I do not intend to take the oath of office for the same office in the 119th Congress, to pursue the position of Attorney General in the Trump Administration.” He transmitted a similar letter to Florida Gov. Ron DeSantis as the state began a special election process to fill the vacancy. Attorneys involved in a civil case brought by a Gaetz associate were notified this week that an unauthorized person accessed a file shared between lawyers that included unredacted depositions from a woman who said Gaetz had sex with her when she was 17 and a second woman who says she saw the encounter, according to attorney Joel Leppard. Leppard said that two women he represents told House Ethics Committee investigators that Gaetz paid them for sex on multiple occasions beginning in 2017 when Gaetz was in Congress. The files the person was able to access were part of a defamation case filed by a Gaetz associate against the former representative’s onetime political ally Joel Greenberg , who pleaded guilty in 2021 to sex trafficking of a minor, and admitted that he had paid at least one underage girl to have sex with him and other men. The apparent breach was first reported Tuesday by The New York Times. Gaetz has denied all the allegations. ▶ Read more about the apparent file breach Trump had announced last week that he’d chosen Todd Blanche, an attorney who’s defended him in some of his criminal cases, to serve as deputy attorney general. That’s the second highest ranking position at the Justice Department. A former federal prosecutor, Blanche has been a key figure defended him both in the New York hush money criminal trial that ended in a conviction in May, and the federal cases brought by Justice Department special counsel Jack Smith. Sen. Lindsey Graham of South Carolina said Thursday in a post on X that he believes the now-former congressman “will continue to contribute to our nation’s wellbeing for years to come.” Graham, a member of the powerful Senate Judiciary Committee, also said he looks forward to working with Trump “regarding future nominees to get this important job up and running.” The caption of the Instagram photo reads “The end of an era. No one loves America more than this guy.” The Florida representative was once embroiled in a sex trafficking investigation involving underage girls by the Justice Department, the very department President-elect Trump had tapped him to lead. Gaetz has vehemently denied any wrongdoing, and in February 2023 said the investigation ended with no federal charges against him.He was also being investigated by the House Ethics panel, but Republicans declined yesterday to release the committee’s findings over objections from Democrats in a split vote. ▶ Read more about the Justice Department’s investigation into Gaetz He had abruptly resigned from his congressional seat upon being nominated as attorney general amid a long-running House Ethics investigation into allegations of sexual misconduct, which was seen as a way to halt the probe. The House Ethics panel’s Republicans declined this week to release the committee’s findings into Gaetz over objections from Democrats in a split vote. But the committee did agree to finish its work and is scheduled to meet again Dec. 5 to discuss the matter. However, Gaetz did win re-election earlier this month for the new Congress which convenes Jan. 3. But it’s unclear if he would take office. There’s also been plans for a special election in Florida for his seat. “President Trump remains committed to choosing a leader for the Department of Justice who will strongly defend the Constitution and end the weaponization of our justice system,” said Karoline Leavitt, a spokesperson for the Trump-Vance transition team. In a message on his Truth Social network, Trump also said he was looking forward to seeing what Gaetz will do next after withdrawing as his pick. “He was doing very well but, at the same time, did not want to be a distraction for the Administration, for which he has much respect,” Trump posted. “Matt has a wonderful future, and I look forward to watching all of the great things he will do!” Matt Gaetz has just withdrawn as President-elect Donald Trump’s pick for attorney general following continued scrutiny over a federal sex trafficking investigation that cast doubt on the former congressman’s ability to be confirmed as the nation’s chief federal law enforcement officer. The Florida Republican’s announcement came one day after meeting with senators in an effort to win their support for his confirmation to lead the Justice Department. Gaetz’s withdrawal is a blow to Trump’s push to install steadfast loyalists in his incoming administration and the first sign that Trump could face resistance from members of his own party.Stock market today: Wall Street hits records despite tariff talk

Philippine President says he’ll fight vice president’s ‘criminal plot’ to have him killed

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Former Florida congressman Matt Gaetz has withdrawn as President-elect Donald Trump’s pick for attorney general following scrutiny over a federal sex trafficking investigation. The Republican's announcement came one day after meeting with senators in an effort to win their support for his confirmation to lead the Justice Department. Here's the latest: As incoming White House chief of staff, one of Susie Wiles ’ vexing challenges will be policing the buffet line of powerful interests who want something from Donald Trump. It’s a world she knows well. During Trump’s first presidency, she lobbied for many of them. Trump was first elected on a pledge to “drain the swamp” in Washington. But his transactional approach to the presidency instead ushered in a lobbying boom that showered allies, including Wiles, with lucrative contracts, empowered wealthy business associates and stymied his agenda after his administration was ensnared in a series of influence-peddling scandals. Now, as Trump prepares to return to power , his victory is likely to embolden those who think they can get his ear, raising the prospect that his second administration could face many of the same perils as his first. That will test the ability of Wiles to manage a growing number of high-powered figures — including Trump’s children, his son-in-law Jared Kushner and billionaires like Elon Musk — who will not be dependent on her for access to the president. ▶ Read more about Susie Wiles and her new role Vance accompanied Matt Gaetz in meetings with GOP senators on Wednesday. “I’m extremely grateful for the work Matt put into the nomination process,” the Ohio senator posted on X. “Matt is a patriot, and I look forward to seeing what he does next.” President Joe Biden still believes President-elect Donald Trump is a dangerous figure in U.S. democracy, his top spokesperson said Thursday. White House press secretary Karine Jean-Pierre said “his thinking on that has not changed” even as the Biden White House emphasizes its commitment to the “peaceful transfer of power.” Jean-Pierre told reporters there is no double-speak in Biden’s approach. Biden framed Donald Trump as a “fundamental threat” to the nation’s identity as a democracy and its stability as a global superpower when he defeated Trump in 2020. He did it as a candidate for reelection. He did it again when he dropped out and endorsed Vice President Kamala Harris. But Jean-Pierre said Biden recognizes the legitimacy of Trump’s election to another term, even if it’s not the result he wanted. “The American people spoke,” she said, adding that Biden wants to be an example of how to respect U.S. elections. That was an opaque reference to Trump’s refusal to accept Biden’s victory in 2020 and the Jan. 6 attack on the U.S. Capitol by Trump supporters as Congress met to affirm the results. White House press secretary Karine Jean-Pierre says she hasn’t spoken to her designated successor, Karoline Leavitt. Jean-Pierre told reporters gathered Thursday at the White House that she hopes the second Trump administration will be forthright with the public by talking to reporters. Trump’s first White House dramatically curtailed its initial interactions with the White House press corps, and Jean-Pierre said Biden and his staff “worked really hard to bring back the norms” with press briefings and interactions. “We’ve tried to do this in a very respectful way,” she said. Jean-Pierre declined to “speak to what any administration is going to do” in the future, but added that the back-and-forth with the press is part of “what democracy is all about.” In other presidential transition news, Trump is urging federal lawmakers to kill a bill that would protect journalists from having to disclose information about anonymous sources or other records obtained during reporting. The proposal that passed in the U.S. House of Representatives, but is pending in the Senate, also bars the government from requesting data from phone or email providers. The bill includes exceptions such as when there’s a reasonable threat of imminent violence or an act of terrorism. As of now, only some states grant absolute protection from disclosing sources or other records. “Republicans must kill this bill!” Trump posted on Truth Social and shared a video from PBS News Hour interviewing the CEO of the Committee to Protect Journalist, Jodie Ginsburg, talking about the proposal. Last month, The Associated Press, along with more than 100 news outlets and organizations, signed a letter authored by the Reporters Committee for Freedom of the Press asking senators to support the bill. White House press secretary Karine Jean-Pierre isn’t commenting on Matt Gaetz withdrawing his nomination as president-elect Donald Trump’s attorney general in the new administration. “We really, truly want to respect the transfer of power,” Jean-Pierre said Thursday during a White House press briefing, explaining her steadfast refusal to comment on Trump personnel moves. But Jean-Pierre nonetheless used the matter to take a subtle jab at how Trump, who was twice indicted by the federal government, has reacted to federal law enforcement. “Look, the president has said when it comes to investigation, that department should be independent. there should be no partisanship. There should be no loyalty to one party or the other,” she said. “The loyalty should be to the Constitution, and the loyalty should be to the rule of law.” Trump has insisted that it was Biden and his lieutenants who weaponized the Justice Department by indicting him for his role in trying to overturn Biden’s 2020 election victory and for hoarding national security documents after Trump left the White House in January 2021. That latter case has been thrown out by a Trump-appointed judge. The former case is still pending. Taken together, there are a striking number of incidents in which potential high-ranking government officials in Trump’s second administration face allegations of sexual abuse. Here’s a look at some of the cases: President-elect Donald Trump: He was found liable by a New York City jury for sexual abuse and defamation and eventually ordered to pay the woman, E. Jean Carroll , $83 million in damages. Pete Hegseth, nominee for secretary of defense: A woman told police she was sexually assaulted in 2017 by Hegseth after he took her phone, blocked the door to a California hotel room and refused to let her leave, according to a detailed investigative report made public this week. Hegseth told police the encounter had been consensual and denies wrongdoing. Robert F. Kennedy Jr., nominee for secretary of health and human services: A woman who babysat for Kennedy and his second wife told Vanity Fair magazine he groped her in the late 1990s, when she was 23. Kennedy did not deny the allegation, telling a podcast: “I had a very, very rambunctious youth.” He texted the woman an apology after the story was published. Linda McMahon, nominee for secretary of education: A lawsuit filed last month alleges McMahon knowingly enabled sexual exploitation of children by a World Wrestling Entertainment employee as early as the 1980s. She denies the allegations. Elon Musk, Trump’s choice to lead the new Department of Government Efficiency: The CEO of Tesla and SpaceX was accused of sexual misconduct by a flight attendant contracted by SpaceX who worked on his private jet in 2016. He denied the claim. ▶ Read more about the allegations of sexual misconduct Among those who were seen as contenders before Gaetz was picked is former acting attorney general Matt Whitaker , who Trump chose earlier this week to serve as U.S. ambassador to NATO. Other names that were floated as potential attorney general nominees include Jeff Jensen, a former U.S. attorney for the Eastern District of Missouri, and Missouri Attorney General Andrew Bailey. Trump last week chose Todd Blanche , an attorney who led the legal team that defended the Republican at his hush money criminal trial , to serve as the second-highest ranking Justice Department official. Emil Bove, a former federal prosecutor, was chosen to be the principal associate deputy attorney general. An attorney who represents two women who say they were paid by Gaetz for sex says his clients are “relieved to have this chapter behind them.” “They’re grateful for the opportunity to move forward with their lives,” said Joel Leppard, whose clients testified before the House Ethics Committee. “They’re hoping that this brings final closure for all the parties involved.” Leppard revealed earlier this week details about his clients’ testimony to House Ethics Committee to release its report on the Gaetz investigation. Leppard said his clients were paid a total of $10,000 by the congressman. One of his clients testified that she saw Gaetz having sex with a 17-year-old at a party in 2017, while he was in Congress. Though Gaetz has withdrawn his name from consideration for attorney general, he isn’t Trump’s only appointee in hot water. A woman told police she was sexually assaulted in 2017 by Pete Hegseth after he took her phone, blocked the door to a California hotel room and refused to let her leave, according to a detailed investigative report made public late Wednesday. Hegseth, a former Fox News personality and Trump’s nominee to be defense secretary, told police at the time that the encounter had been consensual and denied any wrongdoing, the report said. Earlier today, Hegseth held a round of private meetings alongside incoming Vice President JD Vance in an attempt to shore up support and told reporters afterward: “The matter was fully investigated and I was completely cleared, and that’s where I’m gonna leave it.” ▶ Read more about the allegations against Hegseth In his Nov. 13 resignation letter to House Speaker Mike Johnson, Gaetz said, “I hereby resign, as United States Representatives for Florida’s First Congressional District, effective immediately, and I do not intend to take the oath of office for the same office in the 119th Congress, to pursue the position of Attorney General in the Trump Administration.” He transmitted a similar letter to Florida Gov. Ron DeSantis as the state began a special election process to fill the vacancy. Attorneys involved in a civil case brought by a Gaetz associate were notified this week that an unauthorized person accessed a file shared between lawyers that included unredacted depositions from a woman who said Gaetz had sex with her when she was 17 and a second woman who says she saw the encounter, according to attorney Joel Leppard. Leppard said that two women he represents told House Ethics Committee investigators that Gaetz paid them for sex on multiple occasions beginning in 2017 when Gaetz was in Congress. The files the person was able to access were part of a defamation case filed by a Gaetz associate against the former representative’s onetime political ally Joel Greenberg , who pleaded guilty in 2021 to sex trafficking of a minor, and admitted that he had paid at least one underage girl to have sex with him and other men. The apparent breach was first reported Tuesday by The New York Times. Gaetz has denied all the allegations. ▶ Read more about the apparent file breach Trump had announced last week that he’d chosen Todd Blanche, an attorney who’s defended him in some of his criminal cases, to serve as deputy attorney general. That’s the second highest ranking position at the Justice Department. A former federal prosecutor, Blanche has been a key figure defended him both in the New York hush money criminal trial that ended in a conviction in May, and the federal cases brought by Justice Department special counsel Jack Smith. Sen. Lindsey Graham of South Carolina said Thursday in a post on X that he believes the now-former congressman “will continue to contribute to our nation’s wellbeing for years to come.” Graham, a member of the powerful Senate Judiciary Committee, also said he looks forward to working with Trump “regarding future nominees to get this important job up and running.” The caption of the Instagram photo reads “The end of an era. No one loves America more than this guy.” The Florida representative was once embroiled in a sex trafficking investigation involving underage girls by the Justice Department, the very department President-elect Trump had tapped him to lead. Gaetz has vehemently denied any wrongdoing, and in February 2023 said the investigation ended with no federal charges against him.He was also being investigated by the House Ethics panel, but Republicans declined yesterday to release the committee’s findings over objections from Democrats in a split vote. ▶ Read more about the Justice Department’s investigation into Gaetz He had abruptly resigned from his congressional seat upon being nominated as attorney general amid a long-running House Ethics investigation into allegations of sexual misconduct, which was seen as a way to halt the probe. The House Ethics panel’s Republicans declined this week to release the committee’s findings into Gaetz over objections from Democrats in a split vote. But the committee did agree to finish its work and is scheduled to meet again Dec. 5 to discuss the matter. However, Gaetz did win re-election earlier this month for the new Congress which convenes Jan. 3. But it’s unclear if he would take office. There’s also been plans for a special election in Florida for his seat. “President Trump remains committed to choosing a leader for the Department of Justice who will strongly defend the Constitution and end the weaponization of our justice system,” said Karoline Leavitt, a spokesperson for the Trump-Vance transition team. In a message on his Truth Social network, Trump also said he was looking forward to seeing what Gaetz will do next after withdrawing as his pick. “He was doing very well but, at the same time, did not want to be a distraction for the Administration, for which he has much respect,” Trump posted. “Matt has a wonderful future, and I look forward to watching all of the great things he will do!” Matt Gaetz has just withdrawn as President-elect Donald Trump’s pick for attorney general following continued scrutiny over a federal sex trafficking investigation that cast doubt on the former congressman’s ability to be confirmed as the nation’s chief federal law enforcement officer. The Florida Republican’s announcement came one day after meeting with senators in an effort to win their support for his confirmation to lead the Justice Department. Gaetz’s withdrawal is a blow to Trump’s push to install steadfast loyalists in his incoming administration and the first sign that Trump could face resistance from members of his own party.

Libby Mettam says she is not a ‘quitter’ and will put leadership on the line at Liberal partyroom meeting

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. People are also reading... 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. Get the latest local business news delivered FREE to your inbox weekly.

Los Angeles Kings (11-7-3, in the Pacific Division) vs. San Jose Sharks (6-12-5, in the Pacific Division) San Jose, California; Monday, 10:30 p.m. EST BOTTOM LINE: The San Jose Sharks take on the Los Angeles Kings as losers of three games in a row. San Jose has a 6-12-5 record overall and a 1-5-0 record in Pacific Division games. The Sharks have a 2-6-1 record when they serve more penalty minutes than their opponent. Los Angeles is 4-4-0 against the Pacific Division and 11-7-3 overall. The Kings serve 9.9 penalty minutes per game to rank eighth in league play. The matchup Monday is the third meeting between these teams this season. The Sharks won 4-2 in the last matchup. TOP PERFORMERS: Mikael Granlund has nine goals and 15 assists for the Sharks. Macklin Celebrini has over the last 10 games. Alex Laferriere has scored nine goals with six assists for the Kings. Kyle Burroughs has over the last 10 games. LAST 10 GAMES: Sharks: 3-4-3, averaging 2.4 goals, 4.6 assists, three penalties and 6.6 penalty minutes while giving up 2.6 goals per game. Kings: 5-4-1, averaging 2.7 goals, 5.3 assists, 3.6 penalties and nine penalty minutes while giving up 1.7 goals per game. INJURIES: Sharks: None listed. Kings: None listed. ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar . The Associated PressPhiladelphia takes on Vegas after overtime winASP Isotopes Inc. Responds to Short Seller Report

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