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2025-01-12
(Bloomberg) -- Asian stocks are set to follow the positive lead from Wall Street where a rally in the world’s largest technology companies drove stocks to fresh all-time highs. Futures show benchmarks in Tokyo, Shanghai and Sydney are set to rise at the open, while Hong Kong looks flat. Currency markets are in the spotlight, with the dollar snapping a three-day losing streak after President-elect Donald Trump’s warning to BRICS nations. French bonds and stocks came under renewed pressure while the euro fell as much as 1.1% amid the nation’s political turmoil. In the US, the S&P 500 notched its 54th closing record this year in a “narrow” advance that saw just a few groups ending higher. The tech-heavy Nasdaq 100 rose more than 1%, Tesla Inc. led gains in megacaps and Apple Inc. hit a fresh peak. Traders are bracing for a barrage of economic data and remarks from Federal Reserve speakers that will help shape the outlook for interest rates. Treasuries pared losses on Monday after Fed Governor Christopher Waller said he’s inclined to vote for a rate cut in December, with swaps pricing in more than 70% of a quarter-point cut this month. The highlight this week is Friday’s payrolls report, which is expected to show US hiring jumped in November after hurricanes and a major strike undercut job growth a month earlier. On Wednesday, Fed Chair Jerome Powell participates in a moderated discussion, and investors will await any assessment of the job market and inflation as well as clues to whether the central bank will lower rates in December. “This week is the last truly important economic data week of 2024,” said Tom Essaye at The Sevens Report. “If results are ‘Goldilocks,’ then investors will expect a soft landing and a December rate cut.” The S&P 500 added 0.2%. The Nasdaq 100 rose 1.1%. The Dow Jones Industrial Average fell 0.3%. Treasury 10-year yields advanced two basis points to 4.19%. In a move that escalated a campaign to contain Beijing’s technological ambitions, but stopped short of earlier proposals that would have sanctioned more key Chinese firms, the US unveiled new restrictions on China’s access to vital components for chips and AI. The Department of Commerce slapped fresh curbs on the sale of high-bandwidth memory chips made by US and foreign companies, likely affecting South Korea’s SK Hynix Inc. and Samsung Electronics Co. as well as Idaho-based Micron Technology Inc. In China, investors hungry for signs of stimulus to boost the sub-par economy have been put on edge after the Communist Party’s elite decision-making body skipped releasing a readout for its regular November meeting. Investors are now turning their attention to this month’s Politburo assembly — one of three annually to normally focus on economic policy. In Europe, Marine Le Pen pledged to topple Prime Minister Michel Barnier’s government after he failed to meet her demands on a new budget, threatening financial and political disruption for France. Buoyant Mood Back on Wall Street, the mood remains buoyant. The Fed’s Waller said he’s inclined to vote for another reduction in interest rates when officials meet later this month, though data due before then could make the case for holding them steady. The optimism is in stark contrast to a year ago, when equity investors and strategists were bracing for a potentially turbulent 2024, worrying about the risk of a hard landing for the US economy and rate cuts that could come too late to prevent it. Few anticipated that the S&P 500’s annual gain would be among the best in history. “We now find ourselves in the middle of this ‘Goldilocks’ zone, where economic health supports earnings growth while remaining weak enough to justify potential Fed rate cuts,” said Mark Hackett at Nationwide. “December continues the seasonal tailwind, historically delivering the second-best performance behind November. Other technical tailwinds for the market include financial conditions, sentiment, momentum, and breadth.” December has usually been a stronger month when the market enters the month up solidly year-to-date, according to Bespoke Investment Group. In the 22 years that the S&P 500 has been up more than 20% in the year through November, the index has averaged a gain of 1.77% in December — with positive returns 77.3% of the time, Bespoke noted. While the gauge has fallen in December just five of 22 times when it has been up over 20% through November, three of those five December drops came during election years (1936, 1980, 1996). Corporate Highlights: Key events this week: Some of the main moves in markets: Stocks Currencies Cryptocurrencies Bonds More stories like this are available on bloomberg.com ©2024 Bloomberg L.P.fc188 ph



Trump calls for end to 'spring forward, fall back' clock changesWhy Shopify Stock Skyrocketed 48% Last Month

Aaron Rodgers Reveals the Issue He Has With His FamilyTelestream Announces Live Production Suite to Simplify and Accelerate Sports Production Workflows Next week at the SVG Summit in New York City, sports production professionals will come together to talk about the challenges they face every day, as they try and keep pace with growing audience demands. As sports and media production companies strive to adapt to an evolving landscape, the demand for flexible, cost-effective, and efficient solutions has never been greater. Telestream is set to address these critical challenges head-on with the introduction of the latest version of Live Production Suite, designed to simplify and accelerate live production workflows. Capturing live content efficiently and cost-effectively poses significant challenges, and the traditional methods can be both financially and operationally burdensome. The latest release of Live Production Suite of products, including Live Capture, Live Schedule Pro, Live Play, powered by Telestream Vantage, addresses these issues head-on, to offer unmatched flexibility and cost efficiency, while leveraging cloud technology when desired. Every year, what is shared at the SVG Summit helps sports production organizations to transform the way leagues, teams, and broadcasters connect with their audiences. With live Sporting Events, every second counts and sports media organizations need to capture every live moment with precision – Telestream is known for delivering powerful, dynamically scalable media ingest and live capture solutions that help to make sports production faster, while also managing costs. Capturing live content in today’s fast-paced world requires agility, reliability, and cutting-edge technology to manage the volume and complexity of live sports production workflows. will participate on an SVG Summit panel session on Monday titled: , the panel participants will discuss how, together in partnership, they were able to revolutionize a new level of live event broadcasting. “Telestream customers will gain unprecedented speed in their live production workflows, adapting to the unprecedented demand for live content,” says Dave Norman. “With the advancements of our Live Production Suite, Telestream is at the forefront of providing solutions that are not only efficient and cost-effective but also robust and flexible enough to meet the needs of a rapidly changing industry.” The latest Live Production Suite will ensure that Telestream’s customers are well-equipped to navigate the complexities of modern live production. Not every customer may be delivering at the scale of the Olympics – but all are trying to deliver the best live sporting event to their fans. Listen to Dave Norman speak on the panel, ‘How NBC Olympics Pulled Off Live Cloud Ingest at Scale for the Paris 2024 Games’ on Monday, December 16th from 2:30 – 3:00 p.m at Murray Hill, 2nd Floor. For more information about Telestream Live Production offerings and services at the SVG Summit, please visit us in NYC this week at Booth 205 or, /PRNewswire/ -- is proud to announce the launch of a groundbreaking Mining Certification program. It is designed to meet growing demand for skilled professionals in the mining industry, as well as empower entrepreneurs and at-home innovators to break new ground in this evolving space. is home to five of the top 10 mines in the U.S., and the state's supportive regulatory environment continues to attract significant investment, fueling job creation and local economic growth. "At Dallas College, our mission is to provide innovative programs that align with rapidly expanding industries and meet the needs of workforce. Our Mining Certification Program exemplifies our commitment to equipping students with the skills and knowledge required to excel in cutting-edge fields and to inspire entrepreneurship in the mining community," said , associate vice chancellor of innovation at College. In addition to hands-on instruction, Mining program participants will receive powerful industry equipment and materials, including their own mining machine to take home. (tuition assistance is available) : Intensive, practical training from industry experts : Bitmain Antminer S19j Pro 110th (requires two 220v outlets to power and configure) : For safe learning : "Ultimate Mining Handbook" : Web3 Certification Board (W3CB) Mining+ Certification through proctored exam The intensive, 48-hour program begins Tues., . Students attend online lectures from for the first four days ( ) and then move to either hands-on, classroom instruction for the final two days ( ) or an instructor led, at-home, Zoom session ( ), using their own machine. ( .) The Mining Certification Program includes a four-section curriculum designed to provide foundational and advanced knowledge in mining. "Fundamentals of and Mining" covers the basics of digital currencies and blockchain technology and gives insight into mining processes, hardware as well as the installation, configuration and optimization of software. "Advanced Technical Aspects of Mining" explores mining hardware and performance metrics, and covers advanced techniques for software customization and automation, secure and efficient mining network setups, best practices for maintenance and resolving technical issues. "Environmental Impact and Sustainability in Mining" focuses on energy consumption patterns, renewable energy sources, strategies for reducing environmental impact and engaging with local communities for sustainable practices. "Economics and Investment Strategies in Mining" evaluates market dynamics affecting profitability, capital requirements, effective business plans and risk management strategies. This program is designed to ignite innovation for students from a wide spectrum of personal and professional backgrounds, offering expertise and equipment to help kick-start a successful business in the industry. Graduates seeking industry employment could earn to annually. "We are thrilled to collaborate with College in pioneering this essential workforce development and entrepreneurial innovation initiative," said , executive director of W3CB. "The W3CB Mining+ Certification validates an individual's command of the knowledge and technical ability necessary to become a proficient and miner. "As mining continues to expand globally, the need for skilled professionals has never been greater within the US," said , CEO of The Blockchain Academy. "By delivering this first-of-its-kind certification program, we're not only meeting that demand but also paving the way for entrepreneurial innovation in the mining sector." Interested students can get more information about the course and enroll in the Mining Certification Program, by visiting or emailing . Celebrating its 60th anniversary in 2025, College consists of seven campuses—Brookhaven, Cedar Valley, Eastfield, El Centro, Mountain View, North Lake and Richland—plus a dozen centers located throughout . As one of the largest community colleges in the U.S., College offers online and in-person learning, serving more than 127,000 credit, workforce and continuing education students annually. Students benefit from partnerships with local school districts, four-year universities, industry and community leaders. College offers associate degrees and career/technical certificate programs in more than 100 areas of study, as well as bachelor's degrees in education and nursing. As the largest provider of dual credit in , College serves 30,000 high school students through 63 dual credit programs. The Blockchain Academy is a leading education provider specializing in Web3, blockchain, and digital asset technologies. Offering a wide range of courses from beginner to advanced levels, The Blockchain Academy empowers individuals, entrepreneurs, and organizations to thrive in the evolving blockchain space. With a focus on practical, real-world applications, The Blockchain Academy provides learning experiences that translate into tangible career opportunities in the blockchain industry. The Web3 Certification Board (W3CB) is an independent body dedicated to validating proficiency in blockchain, , and technologies through industry-recognized certifications. W3CB works with educational institutions, industry partners, and leading experts to develop high-quality standards and certification exams that prepare individuals for the rapidly evolving Web3 ecosystem. The W3CB Mining+ Certification represents a standard of excellence for professionals in the mining industry. View original content to download multimedia: SOURCE College

Wall Street saw a downturn on Friday as soaring government bond yields dampened investor sentiments, despite Broadcom's optimistic AI-driven revenue forecast that energized technology stocks. Broadcom's shares surged nearly 20%, marking its market capitalization breach of $1 trillion for the first time. Mixed reactions were observed in chip stocks; Broadcom's competitor Marvell Technology rose by 9.4%, while Nvidia's shares fell by 2.5%. Meanwhile, the benchmark 10-year bond yield rose to a three-week high, impacting investor strategies. Regardless, technology stocks' ascent pushed the Nasdaq above 20,000 for the first time, supported by an in-line inflation report fanning expectations of a 25 basis-point interest rate cut from the Federal Reserve's upcoming meeting. (With inputs from agencies.)FBI investigating a rise in cryptocurrency scams as popularity rises

Kingdom Come: Deliverance 2 goes gold, will now launch a week early

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