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India-UK bridge: Government eyes push to roads, renewables‘Yellowstone’ Season 5, episode 11: How to watch online today for free
CEO killing and rage over insurance plunges UnitedHealth into crisisThe other day I was browsing through the Daily Reckoning archives and stumbled across a March 2013 piece by our long-time contributor Jeffrey Tucker. The article was titled “Bitcoin’s Moment”, and BTC was trading at around $93 at the time. Here’s an excerpt: “Many people fear that Bitcoin is overpriced right now. This view is held even by people in the Bitcoin community who worry that a move from $15 to $93 in three months is not good for long-term viability. A crash could bring down the currency unit in devastating ways, leading to another round of debunking and clucking from the advocates of government money.” It’s fascinating to see this discussion in retrospect. And it’s true that many thought Bitcoin was overvalued at the time. It had just increased 6x in three months. Calls of “bubble” had already begun. But Tucker was bullish. “Maybe the price will keep climbing. Next month at this time, people might be kicking themselves for not getting in right now. My instincts right now tend in this direction. I’m seeing BTC at $250, then $500, and then $1,000 by year-end.” Jeffrey’s prediction of $1,000 Bitcoin by the end of 2013 came true. In late November Bitcoin briefly surpassed the key psychological barrier of $1k. Bitcoin has come a long way since then. Today the original cryptocurrency sports a $1.9 trillion market cap and trades at about $98,000 as I write this. It’s become a titan in the financial world. Kudos to Jeffrey Tucker for having the foresight to see it coming, and sharing it with our readers. But while Bitcoin itself continues to dominate headlines, one company’s bold strategy has captivated Wall Street and Main Street alike... The Curious Case of Microstrategy MicroStrategy Inc. (MSTR) has been grabbing a lot of headlines recently. The company has raised huge amounts of convertible debt to purchase Bitcoins. So far they’ve bought an incredible 423,650 Bitcoins, for a total value of about $41 billion at $98,000/BTC. Their average purchase price is around $60,000. The curious part is that Microstrategy stocks currently have a market cap of $91 billion, and only have about $41 billion worth of BTC. The underlying company isn’t worth much, perhaps a few billion. It’s basically just a vehicle that raises debt to buy Bitcoin. So why are they trading at more than 2x the value of the Bitcoin the company holds? Previously, I would have explained this by the fact that Bitcoin ETFs were unavailable, so people are just looking for a stock to play it. But that explanation no longer flies with the widespread availability of cheap ETFs. Now I think the market has simply gotten ahead of itself with regards to MSTR. It’s overvalued compared to Bitcoin at this point, and I would avoid it. Those who want to buy Bitcoin in a stock account should just buy the Fidelity (FBTC) or iShares (IBIT) ETF. If Bitcoin has a significant correction, MSTR will likely move sharply lower. And I don’t see it outperforming the underlying cryptocurrency going forward. Not worth the risk. The Trump Factor The importance of Trump winning for crypto cannot be overstated. Gary Gensler, the anti-crypto SEC head, has already announced he will resign on inauguration day. Trump has signaled that he will create a US Bitcoin Reserve Fund, consisting of the 210,000 confiscated BTC owned by the federal government. Those are coins that would have otherwise been dumped on the market, so this alone will have a significant impact. Trump also plans to end the crackdown on crypto companies, which has been a major problem for the last 4 years. With US debt and deficits soaring higher, and another wave of inflation almost certain, the stage is set for a continuing bull market in crypto.
NoneWho are the Border Patrol chaplains? And why does the agency need more of them now?
Justin Baldoni's Lawyer Releases New Statement About Blake Lively Lawsuit
NoneAn on-duty Red Lake Tribal police officer was one of two drivers who died in a traffic collision Wednesday, officials said. The crash occurred on Hwy. 1 east of the Red Lake community, according to the Red Lake Police Department. Police identified the officer as Jesse Branch, 35, and the other person who died as Alan Lussier Jr. Officials did not give an age for Lussier or cities of residence for either man. The circumstances of the crash have yet to be disclosed. Red Lake Tribal Chairman Darrell G Seki Sr. has ordered flags flown at half-staff at tribal buildings and other locations in Branch’s honor. Several who knew Branch took to social media to mourn him. “He was so so proud to move from detention to police officer,” wrote Alice Benaise, who said she saw and chatted with him for a few minutes Saturday. ”He told me he had just come back from a training. He just loved Red Lake & our people.” Ashlyn Lyons posted online that Branch had been her coworker for many years and knew him since he was 18 years old. “He was ready to enter into public safety at a young age,” Charnoski wrote. “He dedicated his life to Red Lake Nation. The same police department lost another officer in July 2021, when Ryan Bialke was shot to death by David Brian Donnell Jr. Donnell, now 31, was sentenced two years later to a 37-year term. Bialke was one of five officers to respond to a welfare check at Donnell’s home on the Red Lake Indian Reservation on July 27, 2021. Donnell, who was reportedly using drugs and suicidal, went inside the house when officers arrived. Bialke, who knew there was a tribal warrant out for Donnell, kicked down the front door. He was met with gunfire and died immediately.BEIRUT — Hezbollah fired about 250 rockets and other projectiles into Israel on Sunday, wounding seven people in one of the militant group’s heaviest barrages in months, in response to deadly Israeli strikes in Beirut while negotiators pressed on with cease-fire efforts to halt the all-out war. An Israeli bomb squad policeman carries the remains of a rocket that was fired from Lebanon on Sunday in Kibbutz Kfar Blum, northern Israel. Ohad Zwigenberg, Associated Press Some of the rockets reached the Tel Aviv area in the heart of Israel. Meanwhile, an Israeli strike on an army center killed a Lebanese soldier and wounded 18 others in the southwest between Tyre and Naqoura, Lebanon’s military said. The Israeli military expressed regret, saying that the strike occurred in an area of combat against Hezbollah and that the military’s operations are directed solely against the militants. Israeli strikes have killed over 40 Lebanese troops since the start of the war between Israel and Hezbollah, even as Lebanon’s military has largely kept to the sidelines. Lebanon’s caretaker prime minister, Najib Mikati, condemned the latest strike as an assault on U.S.-led cease-fire efforts, calling it a “direct, bloody message rejecting all efforts and ongoing contacts” to end the war. Hezbollah began firing rockets, missiles and drones into Israel after Hamas’ Oct. 7, 2023, attack out of the Gaza Strip ignited the war there. Hezbollah has portrayed the attacks as an act of solidarity with the Palestinians and Hamas. Iran supports both armed groups. The Israeli police bomb squad inspects the site after a missile fired from Lebanon hit the area Sunday in Petah Tikva, outskirts of Tel Aviv, Israel. Oded Balilty, Associated Press Israel launched retaliatory airstrikes at Hezbollah, and in September the low-level conflict erupted into all-out war as Israel launched airstrikes across large parts of Lebanon and killed Hezbollah’s top leader, Hassan Nasrallah. The Israeli military said about 250 projectiles were fired Sunday, with some intercepted. Israel’s Magen David Adom rescue service said it treated seven people, including a 60-year old man in severe condition from rocket fire on northern Israel, a 23-year-old man who was lightly wounded by a blast in the central city of Petah Tikva, near Tel Aviv, and a 70-year-old woman who suffered smoke inhalation from a car that caught fire there. In Haifa, a rocket hit a residential building that police said was in danger of collapsing. The Palestine Red Crescent reported 13 injuries it said were caused by an interceptor missile that struck several homes in Tulkarem in the West Bank. It was unclear whether injuries and damage were caused by rockets or interceptors. Sirens wailed again in central and northern Israel hours later. Israeli airstrikes without warning on Saturday pounded central Beirut, killing at least 29 people and wounding 67, according to Lebanon’s Health Ministry. Listen now and subscribe: Apple Podcasts | Spotify | RSS Feed | SoundStack | All Of Our Podcasts A flock of birds flies above the smoke from Israeli airstrikes Sunday in Dahiyeh, Beirut. Hassan Ammar, Associated Press Smoke billowed above Beirut again Sunday with new strikes. Israel’s military said it targeted command centers for Hezbollah and its intelligence unit in the southern suburbs of Dahiyeh, where the militants have a strong presence. Israeli attacks have killed more than 3,700 people in Lebanon, according to the Health Ministry. The fighting has displaced about 1.2 million people, or a quarter of Lebanon’s population. On the Israeli side, about 90 soldiers and nearly 50 civilians have been killed by bombardment in northern Israel and in battle following Israel’s ground invasion in early October. Around 60,000 Israelis have been displaced from the country’s north. The European Union’s top diplomat called Sunday for more pressure on Israel and Hezbollah to reach a deal, saying one was “pending with a final agreement from the Israeli government.” U.S. envoy Amos Hochstein was in the region last week. Josep Borrell spoke after meeting with Mikati and Lebanese Parliament Speaker Nabih Berri, a Hezbollah ally who has been mediating with the group. Borrell said the EU is ready to allocate $208 million to assist the Lebanese military. But Borrell later said that he did not “see the Israeli government interested clearly in reaching an agreement for a cease-fire” and that it seemed Israel was seeking new conditions. He pointed to Israel’s refusal to accept France as a member of the international committee that would oversee the cease-fire’s implementation. The emerging agreement would pave the way for the withdrawal of Hezbollah militants and Israeli troops from southern Lebanon below the Litani River in accordance with the U.N. Security Council resolution that ended the monthlong 2006 war. Lebanese troops would patrol with the presence of U.N. peacekeepers. With talks for a cease-fire and hostage release deal in Gaza stalled, freed hostages and families of those held marked a year since the war’s only hostage-release deal. “It’s hard to hold on to hope, certainly after so long and as another winter is about to begin,” said Yifat Zailer, cousin of Shiri Bibas, who is held along with her husband and two young sons. Around 100 hostages are still in Gaza, at least a third believed to be dead. Most of the rest of the 250 who were abducted in the Oct. 7, 2023, Hamas attack were released in last year’s cease-fire. Talks for another deal recently had several setbacks, including the firing of Israeli Defense Minister Yoav Gallant, who pushed for a deal, and Qatar’s decision to suspend its mediation. Hamas wants Israel to end the war and withdraw all troops from Gaza. Israel has offered only to pause its offensive. The Palestinian death toll from the war surpassed 44,000 this week, according to Gaza’s Health Ministry, which does not distinguish between civilians and combatants in its count. On Sunday, six people were killed in strikes in central Gaza, according to AP journalists at Al-Aqsa Martyrs Hospital in Deir al-Balah. How often do you buy something online ? A couple of times a month? A couple of times a week? A couple of times a day? Everybody's answer will be different, but collectively, it's done a lot: Online retail accounted for over $1 trillion of purchases in the U.S. in 2022 and a record $277.6 billion in the second quarter of 2023 alone. Retailers ranging from titans like Amazon and Walmart, down to local small-town shops work very hard to land their share of that business. Sadly and inevitably—so do criminals and scammers. At any given moment, they operate millions of bogus sites. So how can you spot those fake online shopping sites? Spokeo provides a guide. It's Easy to Create an Online Presence In the early days of the internet , it took some genuine skills to set up a website, but those days are gone. A quick search will show that there are lots of apps and services offering websites on a prefabricated "fill in the blanks" basis, and most web hosts provide those tools as part of the service when someone signs up with them. It's even easier on social media . If you were opening a "side hustle" business tomorrow from your home, you could set up your own Facebook page tonight in under an hour, with exactly zero knowledge of websites. Once that page is set up, you just need to throw a few dollars in the direction of Facebook's advertising department, and they'll start advertising your page to users. It's no harder to promote a website, except in that case, you'd give your advertising dollars to Google. This is a simplified overview, but the main point holds: Establishing a presence online has become a very democratized process, open to anyone with minimal skills and even the smallest budget for advertising. That's been a boon for legitimate entrepreneurs, but it also makes life very easy indeed for scammers. How Bogus Websites Steal Money and Information There are multiple types of bogus websites . Some are imposters, created to look very much like a legitimate commercial or government site that you're familiar with, such as Amazon or Netflix. Others don't imitate a specific site, but instead attempt to capture the look and feel of those sites in general (whether that be a retail site, a government or bank page, or even something relatively shady like a gambling or porn site). Next, scammers find ways to drive traffic to their site. Often that's through phishing texts or emails, but deceptive ads on social media or search engines like Google and Bing work just as well. Once a browser arrives at the criminals' site (or, in some cases, downloads their app), any number of bad things can happen. One is that they'll download malware onto your devices, which can capture passwords or steal personal information. A more straightforward risk is that the browser will cheerfully enter their personal and banking/credit card information, thinking they're making a legitimate purchase. That's largely why fake online shopping sites are so dangerous, and so useful to scammers and identity thieves. How Fake Online Shopping Sites Work Most bogus sites share some or all of those characteristics, but shopping sites are a very specific type of bogus site with some quirks of their own. One characteristic to count on—whether the website directly impersonates a major retailer like Amazon, a niche retailer like MEC, or just positions itself as an anonymously general retail site—is that it will offer unusually low pricing on high-demand products. That might be a mass-market item like the latest gaming console, a suddenly in-demand item that's unavailable through normal channels (remember trying to get masks and sanitizing wipes during COVID-19?), or something as mundane as disposable diapers or high-capacity computer drives. Whatever the product, the advertised price will be low enough to get attention. The bogus site will have any number of ways to transfer a browser's money to its coffers, depending on the scammers' intentions and skillset. A few of the most common include: Products that are damaged, refurbished, low-quality fakes, or otherwise not as described (and therefore, not worth nearly what was paid for them). Products that never arrive at all after they've been paid for (this is the most common variation.) Hidden fees, surcharges, or shipping charges that dramatically inflate the price of the (usually substandard) product. Charging a "restocking fee" before processing a refund or return (which, of course, they subsequently don't do). These are all aside from the potential to infect devices or steal payment information . Sites focused on identity theft might consider a faux purchase to be just the added gravy. Fake Online Shopping Sites are a Big (and Year-Round) Problem How common is online shopping fraud? Well, the news is pretty bad. The FTC's 2022 Consumer Sentinel Network Data Book recorded over 327,000 online shopping complaints, the fourth-highest category for overall complaints and second among fraud categories. You would expect these sites to be more prevalent during the final quarter of the year, corresponding to the holiday gift-giving season—Black Friday, Cyber Monday, and Christmas itself—and they are, but that doesn't mean you can relax during the other nine months of the year. The Anti-Phishing Working Group, or APWG, identified nearly a million fake or phishing websites during the first quarter of 2022 alone (not a busy time of year for shopping), for example. To be clear, only 14.6% of those were eCommerce sites, but that still translates to well over 140,000 bogus shopping sites. The true number is almost certainly higher because the APWG only tracks the ones that use a phishing approach. Many opt to simply buy advertising instead (or as well), and those won't be captured in the APWG's statistics. However you slice it, there's a definite risk of encountering these sites when you shop. Recognizing Fake Online Shopping Sites The good news is that bogus shopping sites aren't hard to spot, once you're aware of the risk. They aren't built for permanence; scammers pull them together quickly and cheaply and then abandon them once they stop producing.That "just good enough" approach leaves plenty of visible signs you can detect. Below, here's what to look for when recognizing fake online shopping sites. Bad images Bogus sites don't have direct access to the real products' manufacturing images, so they resort to copying and pasting from legitimate sites. \That means bogus sites' product images (and often their fake logos, if they impersonate a legitimate site) are fuzzy and low-res. A URL that's slightly "off" Imposter sites obviously can't have the same URL as the legitimate site, so they'll usually have a URL that looks right, but isn't quite. They might have a typo in the name, or incorporate the real company's name into their URL in a non-standard way ("myfakesite.amazon.com.123xyz.com"), or—sneakiest of all—use a letter from a different language's character set , which looks the same to the eye, but not to the computer. Broken links The scammers may have simply copied and pasted user interface elements from a legitimate site, in which case many links on the site may be broken (or simply not clickable). Lots of missing elements A legitimate retail website will have several pages of legalese, often starting with a pop-up about its cookie policy or privacy policy. You should certainly expect to see a detailed document spelling out shipping policies, return and refund policies, and similar details. If those are missing or brief and vapid, it's probably a fake site. Limited options for payment Sites that plan to take your money and run will often show oddly specific payment options, from wire transfers to gift cards to cryptocurrency. The thing those payment methods have in common is that it's very difficult to get money back once it's spent. Sites geared around capturing your personal or payment information, on the other hand, may insist on getting your credit card. Typos, grammar, and linguistic errors Simple, silly language errors are often a red flag. Scammers may not be native English speakers, and it shows up in awkward or sometimes inappropriate phrasing. Errors in actual product listings aren't necessarily a smoking gun—you'll see them frequently on real Amazon pages—because they come from the manufacturers, who are often not English speakers. Language errors on the rest of the site are more of a concern. HTTP vs. HTTPS In the address bar of your browser, a legitimate retail site's URL will start with HTTPS, rather than HTTP, and will show a closed lock symbol. The majority of fake sites now also have an HTTPS URL and will show the lock (so this isn't as helpful as it used to be), but less-sophisticated scammers may miss that detail. You can automatically rule those ones out. And, of course, the biggest red flag of all is an unrealistically low price on the product you're looking for. We all want to get a really good deal, but that impulse will often lead you astray. What to Do if You Think a Shopping Site Is Fake If a shopping site fails those basic "eyeball" tests, the smart thing to do is just close that browser tab and walk away. If you want to dig deeper, or if you aren't sure, there are a few quick and easy ways to verify a site's legitimacy. Use a URL/website checker Remember those really sneaky fake URLs that use a letter from another alphabet? The best way to check those (and other problematic elements in a URL) is through a URL verifier/website reputation service, like the ones from URLVoid and Google . Just copy (don't click!) the link, and paste it into the checker. If the site is sketchy, they'll tell you. Look up the site on a registry Domain names all need to be registered and there are several lookup tools to check this, like ICANN's registration lookup (think of it as Spokeo for websites). If a site claims to be Amazon but was registered just a few weeks ago, that's a really big red flag. Similarly, if the site isn't located where it should be, or if the ownership data is obscured, that's grounds for concern. Turn to Google If you have a bad feeling about a particular site, do a quick Google or Bing (or whatever) search that pairs the site's name with keywords like "scam," "fraud," "bogus" or "ripoff" and see what comes up. If you get a lot of hits, that's definitely grounds for concern. Go Forth and Shop (Safely) If a given site fails any or all of those tests, then keeping your wallet in your pocket is definitely the smart choice. Instead of making the purchase, report the site instead to the FBI's Internet Crime Complaint Center and the FTC's Report Fraud website. That will get the investigative wheels turning and may help protect someone less wary from falling victim to the scammers. As always, wariness and skepticism are your friends when it comes to avoiding scams. Don't click on links in emails, texts , or social media messages; instead, go to the company's site by typing the URL directly. If you search a company's page on Google, scroll down through the actual search results until you find it instead of clicking on the sponsored results or advertisements at the top. Most of all, remember the golden rule of scam avoidance: If it seems too good to be true, it probably is. Keeping those principles in mind, and using the tips given here to screen out dubious sites means you'll be able to shop 'til you drop (safely), despite the vast number of scammers out there. And that—as the credit card ads like to say—is priceless. This story was produced by Spokeo and reviewed and distributed by Stacker. Rawpixel.com // Shutterstock
NEW YORK — The man accused of shooting and killing the CEO of UnitedHealthcare pleaded not guilty Monday to state murder and terror charges while his attorney complained that comments coming from New York’s mayor would make it tough to receive a fair trial. Luigi Mangione, 26, was shackled and seated in a Manhattan court when he leaned over to a microphone to enter his plea. The Manhattan district attorney charged him last week with multiple counts of murder, including murder as an act of terrorism. Mangione’s initial appearance in New York’s state trial court was preempted by federal prosecutors bringing their own charges over the shooting. The federal charges could carry the possibility of the death penalty, while the maximum sentence for the state charges is life in prison without parole. Prosecutors say the two cases will proceed on parallel tracks, with the state charges expected to go to trial first. One of Mangione’s attorneys told a judge that government officials, including New York Mayor Eric Adams, turned Mangione into a political pawn, robbing him of his rights as a defendant and tainting the jury pool. “I am very concerned about my client’s right to a fair trial,” Karen Friedman Agnifilo said. Adams and Police Commissioner Jessica Tisch stood among a throng of heavily armed officers Thursday when Mangione was flown to a Manhattan heliport and escorted up a pier after being extradited from Pennsylvania. Friedman Agnifilo said police turned Mangione’s return to New York into a choreographed spectacle. Adams is himself scheduled to stand trial on federal corruption charges next year. He pleaded not guilty and vowed to remain in office as he fights the charges. Authorities say Mangione gunned down Brian Thompson as he was walking to an investor conference in midtown Manhattan on the morning of Dec 4. Mangione was arrested in a Pennsylvania McDonald’s after a five-day search, carrying a gun that matched the one used in the shooting and a fake ID, police said. Mangione is being held in a Brooklyn federal jail alongside several other high-profile defendants, including Sean “Diddy” Combs and Sam Bankman-Fried. Get local news delivered to your inbox!US can edge China in tech by adding visa options to lure quantum workers: senior official
ATLANTA , Dec. 23, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions, and Analytics, today announced it has received notification (the "Acceptance Letter") from the New York Stock Exchange (the "NYSE") that the NYSE has accepted the Company's previously-submitted plan (the "Plan") to regain compliance with the NYSE's continued listing standards set forth in Section 802.01B of the NYSE Listed Company Manual relating to minimum market capitalization and stockholders' equity. In the Acceptance Letter, the NYSE granted the Company an 18-month period from September 12, 2024 (the "Plan Period") to regain compliance with the continued listing standards. As part of the Plan, the Company is required to provide the NYSE quarterly updates regarding its progress towards the goals and initiatives in the Plan. In the Plan, Kore included details regarding previously reported operational restructuring activities, as well as an outlook on the Company's business. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.Renowned filmmakers share experiences at Ajyal
The agent for Japanese pitching phenom Roki Sasaki fired back at rumors suggesting his client already has a handshake agreement in place with the Los Angeles Dodgers. Speculation within MLB is that Sasaki and the Dodgers already have some sort of informal agreement for him to sign there once the next international free agency period opens, to the point that teams have raised the issue with the office of commissioner Rob Manfred, according to Evan Drellich of The Athletic . The speculation reached the point that Sasaki’s agent, Joel Wolfe of Wasserman, vehemently denied the claims. “While a bunch of executives who should know me better and do a lot of business with me insult my integrity by insinuating that I would be a part of some type of nefarious agreement, in reality, this is just poor sportsmanship,” Wolfe told The Athletic . Sasaki is not expected to officially sign with a team until after Jan. 15 of next year . At that point, each team’s international bonus money will refresh itself, theoretically giving more teams the opportunity to get involved in the Sasaki market. That has not stopped the Dodgers rumors, and Sasaki has been linked with the team ever since it was revealed that he would be posted this offseason. In spite of that, there has been some pushback suggesting that the Dodgers may not even be the favorites to sign Sasaki. The 23-year-old right hander is regarded as one of the best pitching prospects ever to come out of Japan. He has a 2.10 ERA, a 0.89 WHIP, and 11.8 strikeouts per nine innings over four total NPB seasons. This article first appeared on Larry Brown Sports and was syndicated with permission.
Nissan and Honda to attempt a merger that would create the world's No. 3 automaker TOKYO (AP) — Japanese automakers Nissan and Honda have announced plans to work toward a merger that would catapult them to a top position in an industry in the midst of tectonic shifts as it transitions away from its reliance on fossil fuels. The two companies said they signed an agreement on integrating their businesses on Monday. Smaller Nissan alliance member Mitsubishi Motors agreed to join the talks. News of a possible merger surfaced earlier this month. Japanese automakers face a strong challenge from their Chinese rivals and Tesla as they make inroads into markets at home and abroad. What a merger between Nissan and Honda means for the automakers and the industry BANGKOK (AP) — Japanese automakers Honda and Nissan will attempt to merge and create the world’s third-largest automaker by sales as the industry undergoes dramatic changes in its transition away from fossil fuels. The two companies said they had signed a memorandum of understanding on Monday and that smaller Nissan alliance member Mitsubishi Motors also had agreed to join the talks on integrating their businesses. Honda will initially lead the new management, retaining the principles and brands of each company. Following is a quick look at what a combined Honda and Nissan would mean for the companies, and for the auto industry. Nordstrom to be acquired by Nordstrom family and a Mexican retail group in $6.25 billion deal Century-old department store Nordstrom has agreed to be acquired and taken private by Nordstrom family members and a Mexican retail group in a $6.25 billion deal. Nordstrom shareholders will receive $24.25 in cash for each share of Nordstrom common stock, representing a 42% premium on the company’s stock as of March 18. Nordstrom’s board of directors unanimously approved the the proposed transaction, while Erik and Pete Nordstrom — part of the Nordstrom family taking over the company — recused themselves from voting. Following the close of the transaction, the Nordstrom Family will have a majority ownership stake in the company. An analyst looks ahead to how the US economy might fare under Trump WASHINGTON (AP) — President-elect Donald Trump won a return to the White House in part by promising big changes in economic policy — more tax cuts, huge tariffs on imports, mass deportations of immigrants working in the United States illegally. In some ways, his victory marked a repudiation of President Joe Biden’s economic stewardship and a protest against inflation. It came despite low unemployment and steady growth under the Biden administration. What lies ahead for the economy under Trump? Paul Ashworth of Capital Economics spoke recently to The Associated Press. The interview has been edited for length and clarity. American consumers feeling less confident in December, Conference Board says American consumers are feeling less confident in December, a business research group says. The Conference Board said Monday that its consumer confidence index fell back in December to 104.7 from 112.8 in November. Consumers had been feeling increasingly confident in recent months. The consumer confidence index measures both Americans’ assessment of current economic conditions and their outlook for the next six months. The measure of Americans’ short-term expectations for income, business and the job market tumbled more than a dozen points to 81.1. The Conference Board says a reading under 80 can signal a potential recession in the near future. Stock market today: Wall Street rises at the start of a holiday-shortened week Stocks closed higher on Wall Street at the start of a holiday-shortened week. The S&P 500 rose 0.7% Monday. Several big technology companies helped support the gains, including chip companies Nvidia and Broadcom. The Dow Jones Industrial Average added 0.2%, and the Nasdaq composite rose 1%. Honda's U.S.-listed shares rose sharply after the company said it was in talks about a combination with Nissan in a deal that could also include Mitsubishi Motors. Eli Lilly rose after announcing that regulators approved Zepbound as the first prescription medicine for adults with sleep apnea. Treasury yields rose in the bond market. The internet is rife with fake reviews. Will AI make it worse? Researchers and watchdog groups say the emergence of generative artificial intelligence tools that allow people to efficiently produce detailed and novel online reviews has put merchants, service providers and consumers in uncharted territory. Phony reviews have long plagued many popular consumer websites, such as Amazon and Yelp. But AI-infused text generation tools enable fraudsters to produce reviews faster and in greater volume, according to tech industry experts. The deceptive practice is illegal in the U.S. and becomes a bigger problem for consumers during the holiday shopping season, when many people rely on reviews to buy gifts. A tech company and watchdog group that uses software to detect fake reviews says AI-generated reviews have multiplied. Romanian lawmakers narrowly approve new pro-European coalition during period of political turmoil BUCHAREST, Romania (AP) — Romanian lawmakers have voted narrowly in favor of a new pro-European coalition government led by incumbent Prime Minister Marcel Ciolacu. The move on Monday could usher in an end to a protracted political crisis in the European Union country following the annulment of a presidential election. Parliament approved the new administration in a 240-143 vote in the 466-seat legislature. The new coalition is made up of the leftist Social Democratic Party, the center-right National Liberal Party, the small ethnic Hungarian UDMR party and national minorities. President Klaus Iohannis swore in the new government on Monday night. Government regulators close investigation into Ford Focus recalls Government safety regulators are closing an investigation into two previous recalls of the Ford Focus after determining that Ford Motor Co. has satisfied its concerns. Ford recalled around 1.5 million Ford Focus sedans from the 2012-2018 model years in 2018 because they could lose power. The issue was a malfunctioning canister purge valve and software that didn’t adequately detect when it was stuck open. Ford fixed the software in two separate recalls, but after cars continued to stall, the government opened an inquiry last year. Earlier this fall, Ford offered to replace the canister purge valve on all of the vehicles, satisfying regulators' concerns. AI will eavesdrop on world's wildest places to track and help protect endangered wildlife PUERTO JIMÉNEZ, Costa Rica (AP) — A biologist hid 350 audio monitors across Costa Rica’s tropical rainforests to spy on endangered spider monkeys in order to help protect them. But she had to go back to collect the data and feed those sounds into artificial intelligence systems that can recognize monkey calls. Now tech giant Microsoft's philanthropic arm is hoping to supercharge AI-assisted wildlife research with new solar-powered devices that can capture sounds, images and other wilderness data for a year or more without human intervention. Researchers say more AI wildlife surveillance is urgently needed to monitor the health of species at risk of extinction.The musical adaptation “Wicked” and action epic “Gladiator II” racked up a combined $270.2 million in global ticket sales over the weekend, a gift to cinemas heading into what may be a record-setting holiday season. The robust box office returns provided reassurance to Hollywood, which has weathered cost-cutting and layoffs amid forecasts of the death of cinema as consumers gravitated to streaming video services. “Moviegoers and box office pundits have been waiting for this weekend, and no one is disappointed,” said Chris Aronson, president of distribution for Paramount Pictures. “Wicked,” the first of two Universal Pictures films based on a Broadway prequel to “The Wizard of Oz,” topped the domestic and global box office. It pulled in $114 million at U.S. and Canadian theaters, plus $50.2 million in international markets, for a global total of $164.2 million. It was the biggest opening weekend for a film based on a Broadway musical, ahead of the global debut of Universal’s 2012 release “Les Miserables,” according to the studio. “Gladiator II” hauled in $106 million around the world, including $55.5 million from domestic sales. The Paramount Pictures film is the sequel to a movie that won the best picture Oscar two decades ago. The film, which was released last weekend outside the U.S., had an overall box office tally of $221 million. The two films, dubbed “Glicked” by fans, brought in $169.5 million at domestic theaters, helping lift the weekend box office to $201.9 million. It’s the highest-grossing weekend in North America since the July opening of “Deadpool & Wolverine,” according to Comscore. “Glicked” fell short of the $245 million “Barbie” and “Oppenheimer” opening frenzy in July 2023, which showed that the industry was rebounding from the pandemic and strikes that year by writers and actors. Still, the two films delivered a much-needed jolt to movie theaters, after anticipated fall films such as “Joker: Folie a Deux” and “Venom: The Last Dance” underperformed at the box office. The fervor was a positive sign for theater chains such as AMC Entertainment, Cineplex and Cinemark that are looking ahead to another major release, Walt Disney’s animated “Moana 2” this week. “This is a tremendous catalyst for a strong box office going into December and the New Year,” said National Association of Theatre Owners President and CEO Michael O’Leary. Movie ticket sales in the U.S. and Canada have hovered below pre-pandemic levels as cinemas grapple with competition from streaming and the disruptions from the last year’s Hollywood strikes. Sunday’s tallies brought year-to-date domestic ticket sales to $7.3 billion, down 10.6% from the same time in 2023, according to Comscore. Studios and theater owners are hopeful that “Moana 2” will lead next weekend to the strongest Thanksgiving-period sales in history. Box office analysts say ticket sales from Thanksgiving through the end of the year could rank as the biggest in cinema history. The holiday season record of $2.5 billion was set in 2017, led by the “Star Wars” film “The Last Jedi.” “This is the best possible news for movie theaters, this lineup of films, starting with ‘Glicked’ and ‘Moana 2,” said Paul Dergarabedian, media analyst for Comscore. “Wicked” stars Ariana Grande and Cynthia Erivo in the story of a misunderstood, green-skinned student of magic who becomes the Wicked Witch of the West. “It’s wrapped in a fairy tale, but the point of it is to dig at real truth,” director Jon M. Chu told Reuters at the film’s premiere in London, when asked about the story’s broad appeal. Universal, a unit of Comcast, spent roughly $160 million to make the first “Wicked” movie, a sum that does not include tens of millions more for marketing ranging from a Super Bowl ad to hundreds of “Wicked” products. In a campaign reminiscent of the hoopla surrounding “Barbie,” “Wicked” tie-ins include pink and green drinks at Starbucks, a fashion line at Target and a Betty Crocker cupcake mix. “This campaign was just everywhere. It was just inescapable,” said Jim Orr, Universal Pictures’ president of domestic theatrical distribution. “And on top of all of that, we had the hardest-working cast that you could have. From a publicity and from a marketing standpoint, Cynthia and Ariana were literally just everywhere.” The second “Wicked” film is scheduled for release in November 2025. “Gladiator II” stars Paul Mescal, Pedro Pascal and Denzel Washington in a story of political intrigue that unfolds 16 years after the original film. Other films coming before year-end include Walt Disney’s “Mufasa: The Lion King,” Paramount’s “Sonic the Hedgehog 3” and Searchlight Pictures’ “A Complete Unknown,” starring Timothee Chalamet as musician Bob Dylan.Michail Antonio had video call with West Ham team before their win over Wolves
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