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Comcast and T-Mobile Forecasts Sink Telecom Stocks. Here’s What’s Happening. - Barron'sUS homelessness up 18% as affordable housing remains out of reach for many people Federal officials say the United States saw an 18.1% increase in homelessness, a dramatic rise driven mostly by a lack of affordable housing as well as devastating natural disasters and a surge of migrants in several parts of the country. The U.S. Department of Housing and Urban Development said that federally required tallies taken across the country in January found that more than 770,000 people were counted as homeless. That increase comes on top of a 12% increase in 2023, which HUD blamed on soaring rents and the end of pandemic assistance. Among the most concerning trends was a nearly 40% rise in family homelessness. An online debate over foreign workers in tech shows tensions in Trump's political coalition WEST PALM BEACH, Fla. (AP) — An online spat between factions of Donald Trump’s supporters over immigration and the tech industry has thrown internal divisions in the president-elect’s political movement into public display. The argument previews fissures and contradictory views his coalition could bring to the White House. The rift laid bare tensions between the newest flank of Trump’s movement — that is, wealthy members of the tech world who want more highly skilled workers in their industry — and people in Trump’s Make America Great Again base who championed his hardline immigration policies. A 9th telecoms firm has been hit by a massive Chinese espionage campaign, the White House says WASHINGTON (AP) — A top White House official says a ninth U.S. telecoms firm has been confirmed to have been hacked as part of a sprawling Chinese espionage campaign that gave officials in Beijing access to private texts and phone conversations of an unknown number of Americans. Administration officials said this month that at least eight telecommunications companies, as well as dozens of nations, had been affected by the Chinese hacking blitz known as Salt Typhoon. But Anne Neuberger, a deputy national security adviser, said Friday that a ninth victim had been identified after the administration released guidance to companies about how to hunt for Chinese culprits in their networks. Israeli troops burn northern Gaza hospital after forcibly removing staff and patients, officials say DEIR AL-BALAH, Gaza Strip (AP) — Gaza's Health Ministry says Israeli troops have stormed one of the last hospitals operating in the territory's north on Friday and forced many of the staff and patients outside. Then they had to remove their clothes in winter weather. It was the latest assault on Kamal Adwan Hospital. Parts of it were set on fire. Staff say it has been hit multiple times in the past three months by Israeli troops waging an offensive against Hamas fighters in surrounding neighborhoods. Israel's military says Hamas uses the hospital as a base. It did not provide evidence, and hospital officials have denied it. Azerbaijani and U.S. officials suggest plane that crashed may have been hit by weapons fire U.S. and Azerbaijani officials have said weapons fire may have brought down an Azerbaijani airliner that crashed on Wednesday, killing 38 people. The statements from Rashad Nabiyev and White House national security spokesman John Kirby on Friday raised pressure on Russia. Officials in Moscow have said a drone attack was underway in the region that the Azerbaijan Airlines flight was destined for but have not addressed statements from aviation experts who blamed the crash on Russian air defenses responding to a Ukrainian attack. The plane was flying from Azerbaijan’s capital of Baku to Chechnya on Wednesday when it crashed, killing 38 people and leaving all 29 survivors injured. Court rules Georgia lawmakers can subpoena Fani Willis for information related to her Trump case ATLANTA (AP) — A judge has ruled that the Georgia state Senate can subpoena Fulton County District Attorney Fani Willis. It's part of a inquiry into whether Willis has engaged in misconduct during her prosecution of President-elect Donald Trump. But Fulton County Superior Court Judge Shukura Ingram is giving Willis the chance to contest whether lawmakers’ demands are overly broad before Willis responds. A Republican-led committee was formed earlier this year and sent subpoenas to Willis in August seeking to compel her to testify during its September meeting and to produce scores of documents. Willis argued that the committee didn’t have the power to subpoena her. In states that ban abortion, social safety net programs often fail families MEMPHIS, Tenn. (AP) — Tennessee has a nearly total abortion ban and a porous safety net for mothers and young children. GOP state leaders in Tennessee and other states that banned abortion after the U.S. Supreme Court overturned Roe v. Wade in 2022 argue that they are bolstering services for families. Recent research and an analysis by The Associated Press has found that from the time a Tennessee woman gets pregnant, she faces greater obstacles to a healthy pregnancy, a healthy child and a financially stable family life than the average American mom. Maryland sues maker of Gore-Tex over pollution from toxic 'forever chemicals' Maryland is suing the company that produces the waterproof material Gore-Tex. State officials say the company's leaders kept using so-called “forever chemicals” long after learning about serious health risks. The federal complaint alleges Delaware-based W.L. Gore & Associates polluted the air and water around 13 facilities in northeastern Maryland with chemicals that have been linked to certain cancers, reproductive issues and high cholesterol. They’re nearly indestructible and can build up in various environments, including the human body. The company stopped using the harmful chemicals in 2014 and says it’s working with state regulators on testing and cleanup efforts. Man indicted in burning death of woman inside a New York City subway train, prosecutors say NEW YORK (AP) — The man accused of burning a woman to death inside a New York City subway train has been indicted on state charges. A prosecutor announced Sebastian Zapeta’s indictment at a court hearing Friday. The development comes days after Zapeta’s arrest and subsequent police questioning in which they say he identified himself in photos and surveillance video showing the fire being lit. The indictment will be under seal until Jan. 7. He remains jailed. Federal immigration officials say the 33-year-old Zapeta is from Guatemala and entered the U.S. illegally. Authorities are continuing to work to identify the victim. Alex Ovechkin is on track to break Wayne Gretzky's NHL career goals record Alex Ovechkin of the Washington Capitals is chasing the NHL career goals record of 894 held by Wayne Gretzky. Ovechkin entered the season 42 goals short of breaking a record that long seemed unapproachable. He is set to play again Saturday at the Toronto Maple Leafs after missing more than a month with a broken left fibula. Ovechkin was on pace to get to 895 sometime in February before getting injured. At 868, he his 27 goals away from passing Gretzky.
Nov 26 (Reuters) - Databricks, the data analytics firm which has long been the subject of IPO speculation, is close to raising $8 billion via deals that would value it at $55 billion, according to a source familiar with the matter. Most of the new funding would be in the form of a secondary share sale, where early investors and employees are allowed to cash out some of their stock holdings, the source said. Such deals can boost employee morale, since stock-based payouts typically comprise a big chunk of the compensation at startups, while allowing the company to sidestep an initial public offering. Several high-flying startups are seeking to stay private for longer to avoid the regulatory burden and market volatility associated with being public. The flexibility via secondary sales also gives them more time to strengthen their finances. Major venture capital investors Thrive Capital and DST Global are participating in the fundraising by Databricks, two sources said. Databricks did not immediately respond to a Reuters request for comment. The potential fundraising was earlier reported by CNBC. The company had notched up a valuation of $43 billion after a $500 million funding round last year. Sign up here. Reporting by Krystal Hu in New York and Niket Nishant in Bengaluru; Editing by Shilpi Majumdar Our Standards: The Thomson Reuters Trust Principles. , opens new tab
Ghost of past administration
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Twenty-six Republican Governors offered only partial support Wednesday for President-elect Donald Trump’s deportation plans despite his national mandate on the issue. In a letter signed by 26 of the 27 GOP governors and published on December 11, the Republican Governors Association (RGA) claimed to be standing “united in their support of President Trump’s commitment to make America safe again.” Despite their general support for deportation, the governors hastened to note that they only support deporting “criminals” and “dangerous” illegals, not the lower-wage migrants who quietly fill low paying jobs in their states. “Republican governors remain fully committed to supporting the Trump Administration’s efforts to deport dangerous criminals, gang members, and terrorists who are in this country illegally,” they wrote. “We understand the direct threat these criminal illegal immigrants pose to public safety and our national security, and we will do everything in our power to assist in removing them from our communities.” The group put heavy blame on the disastrous Biden administration: When the Biden Administration refused to secure our borders and uphold the rule of law, it was Republican governors who took action. We mobilized state resources, including law enforcement and National Guard units, to protect Americans from disastrous open border policies and prevent illegal immigration from overwhelming our country. We are proud to welcome President Trump back to the White House, a leader who has consistently put America first. His leadership is exactly what our nation needs to restore law and order at the border, and we are eager to work alongside his Administration to tackle the critical challenges facing our nation. Their guarded support for deportation aside, it is notable that the letter did lend support for the idea of using national guard forces in the deportation effort. They wrote: Together, we will continue to defend the American people, uphold the rule of law, and ensure our nation remains safe and secure for future generations. We stand ready to utilize every tool at our disposal—whether through state law enforcement or the National Guard—to support President Trump in this vital mission. “The time for action is now. Together, we will make America safe again,” the letter concluded. Still, the Republican governors seem to be out of step with most Americans on deportation. Polls show that a solid majority of Americans support Donald Trump’s deportation plans, and to date few polls have made any distinction between deporting only “criminals” and deporting any illegal alien, even those who have not be arrested for a crime. Indeed, just this week a Sienna poll taken of registered voters in New York — most of whom were Democrats — found that clear majorities support Donald Trump’s promise to “deport migrants living illegally in New York” with 54 percent saying the state should assist the federal government in efforts to deport illegals and only 35 percent opposing the idea. In other polling, an Ipsos poll from September found that 66 percent support deportation. The above two polls mirror findings in many other polls, including those conducted by Marist , YouGov , and Harvard-Harris . For his part, Trump has pledged to go as far as he can to deport illegals of all sorts, telling TIME magazine, “I’ll only do what the law allows, but I will go up to the maximum level of what the law allows” to reverse Joe Biden’s migrant invasion. The RGA letter was signed by RGA Policy Chair Governor Henry McMaster (SC), Governor Kay Ivey (AL), Governor Mike Dunleavy (AK), Governor Sarah Sanders (AR), Governor Ron DeSantis (FL), Governor Brian Kemp (GA), Governor Brad Little (ID), Governor Eric Holcomb (IN), Governor Kim Reynolds (IA), Governor Jeff Landry (LA), Governor Tate Reeves (MS), Governor Mike Parson (MO), Governor Greg Gianforte (MT), Governor Jim Pillen (NE), Governor Joe Lombardo (NV), Governor Chris Sununu (NH), Governor Doug Burgum (ND), Governor Kevin Stitt (OK), Governor Mike DeWine (OH), Governor Kristi Noem (SD), Governor Bill Lee (TN), Governor Greg Abbott (TX), Governor Spencer Cox (UT), Governor Glenn Youngkin (VA), Governor Jim Justice (WV), and Governor Mark Gordon (WY). The only Republican governor not to sign onto the statement is Phil Scott, governor of Vermont since 2017. Follow Warner Todd Huston on Facebook at: facebook.com/Warner.Todd.Huston , or Truth Social @WarnerToddHustonWall St Week Ahead Black Friday puts consumer spending in market's glare with stocks near records
New 2025 laws hit hot topics from AI in movies to rapid-fire guns
If you’re a Hallmarkie, you know that Andrew Walker is one of the faces of the channel. And what a face it is. It’s like The CW used an AI lab to create a leading man made of the best parts of Glen Powell , Ryan Eggold , and a young Clint Eastwood . It’s insulting really, how he just walks around with that thing out in the open, making the rest of us normies look like something out of Middle Earth. Thankfully, Walker is one of the authentically good ones. Humble, engaging, totally Canadian, and a dang workhorse. The Montreal-born actor-producer has shot six movies for Hallmark this year, including Countdown to Christmas’s Jingle Bell Run and Three Wiser Men and a Boy ! On top of that, he’s also a husband, father of two sons, and an entrepreneur, having co-founded the SkinMason skincare line ... which is clearly working, since there are zero signs of fatigue on his matinee-idol mug. “Obviously I use skincare on a daily basis, and when I wrap from set, I’m always washing my face off,” he explains of the inspiration behind SkinMason. “I have used very abrasive products that have given me skin [issues], I’ve broken out, I’ve had rashes. I used to have these little alcohol wipes to take the rest of my makeup off.” During a dinner with his friend Dr. Hussein Kanji, a heart and lung surgeon who’s “always working with different types of products for [organ] detoxification and antioxidants,” the two agreed to partner on a product line. SkinMason “He had an idea for a very simple yet effective skincare brand, ideally targeted to men to start with, because the women’s space is so massive...but women and men can use the same skincare,” Walker continues. “And I said I’d love to venture into this, first off, because my wife [Cassandra] always scolded me for using way too much of her expensive skincare products—I don’t know what to use! It’s like, there’s so many products out there.” Two years later, Walker and Kanji had the first two core products of the line, exfoliating wipes and a serum, which were soon followed by their new moisturizer. “We don’t even call it a moisturizer. It’s a bioactive cream.” Noting that Jean Carruthers, the co-innovator of Botox, has endorsed all of their products, Walker explains that their formula boasts retinoid, Vitamins C, and phospholipids that rebuild collagen. The SkinMason site is having a 40 percent off Black Friday sale and you can order each item individually or as a set, with a VIP subscription for regular refill orders at a 10 percent discount. Better yet, he laughs, “My wife has now turned on to using my products!” Andrew Walker / Instagram Speaking of his wife, how do the Walkers plan to spend the holidays? “With family,” he immediately offers. “We moved up to Vancouver for a year and it’s been amazing. It’s been quiet because we live next to a forest. So the holidays this year are just going to be family and trying to take a moment to put away the phones, put away technology, and just focus my time on my kids and my wife and each other.” Now that is a good look for everyone. Three Wiser Men and a Boy & Jingle Bell Run , Streaming Now, Hallmark+ More Headlines: Hallmark Fave Andrew Walker Goes Inside His Skincare Line and Shares Holiday Plans (VIDEO) ‘The View’ Cohosts Slam Trump Case Dismissals: ‘There’s No Such Thing as Karma’ When Will ‘The Talk’ Final Episode Air? All the Details on Its Last Week of Live Shows Wendy Williams’ Legal Guardian Shares Heartbreaking Health Update Ex-ABC News Anchor Kendis Gibson Says Toxic Work Culture Led to Suicide AttemptDULUTH — Friends and colleagues took to social media to remember Mary Murphy upon the news of her death on Wednesday, Dec. 25. Murphy was the longest-serving female legislator and second-longest-serving member of the Minnesota House. Murphy died at the age of 85 on Christmas Day, just days after suffering a stroke . ADVERTISEMENT House Speaker Melissa Hortman (DFL-Fridley) announced Murphy’s death in a post on Facebook, which read: “She was a wonderful state representative and human being. So many people will miss her, and remember her and her accomplishments fondly.” “Mary was in so many ways ahead of her time and was often the only woman at the table in northern Minnesota,” U.S. Sen. Amy Klobuchar said in a statement. “That’s changed now thanks to her trailblazing legacy.” Murphy was first elected to serve House District 14B from 1977-1982 and went on to serve District 8A from 1983-2002, District 6B from 2003-2012 and District 3B from 2013-2022. In 2022, Murphy lost the District 3B race against Republican Natalie Zeleznikar by a mere 33 votes. Zeleznikar, who retained the seat in the 2024 election, expressed condolences in a Facebook post, writing: “Mary worked hard for northern Minnesota, a place she called home her entire lifetime. Her dedication, service and hard work can be witnessed in multiple projects across the communities she served. I was honored to know her, and work with her on senior care issues during my nursing home administrator years.” A Hermantown High School graduate, Murphy earned a bachelor's degree in history and economics from the College of St. Scholastica and attended graduate school at multiple universities. Before retiring from the classroom in 1997, Murphy also served as a history and social studies teacher at Central High School in Duluth for more than three decades, a career Klobuchar cited in her tribute. ADVERTISEMENT “As a former teacher, she was a strong advocate for improving education for our children and she also fought to protect victims of domestic violence and stalking,” Klobuchar’s statement said. Murphy had championed programs like Head Start and DARE, as well as initiated legislation to fund statewide juvenile correction facilities. Last January, St. Louis County commissioners honored Murphy by renaming the Environmental Trust Fund in her honor. Having worked alongside Murphy during the redistricting process in 2010, Deputy Mayor of St. Paul Jaime Tincher commented: “Mary didn’t raise her voice, she didn’t engage in political sparring. Instead, she led with the quiet power of earned trust and deep credibility. Her effectiveness was rooted in the respect she had built over decades of service, and her ability to bring people together in ways that made them feel heard and valued, no matter their political affiliation.” During Murphy’s time in the House, she chaired multiple committees, including the judiciary finance, ethics, energy, and state government and veterans affairs committees. “As chair of bonding and later the Ways and Means Committee, she demonstrated an unwavering dedication to institutional support, always willing to offer her wisdom and advice on how best to approach the financial needs of our zoos,” State Rep. John Huot (DFL-Rosemount) posted on Facebook. “Mary was a remarkable legislator and a compassionate friend and mentor to many,” State Rep. Jay Xiong (DFL-St. Paul) said in a Facebook post. “Her unwavering commitment to her community and tireless advocacy for those in need have left an indelible mark on our state. Mary's legacy will continue to inspire us all as we strive to uphold the values she championed.” ADVERTISEMENT Murphy left a legacy of advocacy for women’s rights, health care, criminal justice, and labor and advocacy issues. Gov. Tim Walz spoke of Murphy as a “true champion for the Northland” in his post on Facebook and said “Gwen (his wife) and I are sending our love to her family.”
1,000-foot-tall roller coaster about to become a reality, sources say
Goodbye Santa rally? U.S. stocks fell Friday as investor sentiment turned gloomy. The Dow Jones Industrial Average was down more than 300 points midmorning, while the Nasdaq Composite Index, which contains more technology-focused stocks, slid almost 2%. “Initially the market was so focused on the positives of the Trump election but I think there’s more uncertainty with tariffs and immigration as we look to next year,” said Keith Lerner, co-chief investment officer and chief market strategist for Truist. “You’re seeing some increasing inflation. The 10-year has been creeping up every day.” The 10-year U.S. Treasury note was trading around 4.58% on Friday morning, after climbing about 30 basis points over the past month. Bond yields rise when prices fall, and investors often sell Treasury bonds and notes when they expect inflation to rise. Inflation is also likely to eat at company profit margins, making stocks less valuable. “The strong economy, combined with the potential for lower taxes, higher tariffs, and restrictions on immigration, has increased the risk that the Fed will have to hike rates in 2025,” wrote Apollo Global Management Chief Economist Torsten Slok on a note to clients in mid-December. Invest wisely: Best online brokers “We see a 40% probability that the Fed will raise interest rates in 2025,” Slok added. “For investors, it is starting to look similar to 2022 – too high inflation, rising interest rates, and falling stock prices." More: Fed lowers key interest rate by another quarter point but sees just 2 cuts in 2025 Most of Friday’s decline was centered in technology-focused stocks. Shares of NVIDIA Corporation were down nearly 3% midmorning, while Amazon.com Inc. and Microsoft Corporation shares each fell more than 2%. Despite the declines Friday, it's been a blockbuster year for stocks. The S&P 500 has gained more than 25%, while the Nasdaq is up 31%. Despite some choppiness in recent weeks, NVIDIA shares are still up nearly 180% for the year. Tech companies are often seen as being more sensitive to rises in interest rates because they have traditionally spent more on growing their businesses than those in more mature industries. Of the 11 sectors that make up the broad S&P 500 index, tech was down the most on Friday, while the real estate sector, which gains value with rising rates, was flat. There’s a “risk-off tone underneath the surface,” Lerner told USA TODAY, suggesting that investors who had been embracing more speculative investments may be rethinking that strategy.Vikings, Packers battle for playoff positioning in divisional clash
If you’re a Hallmarkie, you know that Andrew Walker is one of the faces of the channel. And what a face it is. It’s like The CW used an AI lab to create a leading man made of the best parts of Glen Powell , Ryan Eggold , and a young Clint Eastwood . It’s insulting really, how he just walks around with that thing out in the open, making the rest of us normies look like something out of Middle Earth. Thankfully, Walker is one of the authentically good ones. Humble, engaging, totally Canadian, and a dang workhorse. The Montreal-born actor-producer has shot six movies for Hallmark this year, including Countdown to Christmas’s Jingle Bell Run and Three Wiser Men and a Boy ! On top of that, he’s also a husband, father of two sons, and an entrepreneur, having co-founded the SkinMason skincare line ... which is clearly working, since there are zero signs of fatigue on his matinee-idol mug. “Obviously I use skincare on a daily basis, and when I wrap from set, I’m always washing my face off,” he explains of the inspiration behind SkinMason. “I have used very abrasive products that have given me skin [issues], I’ve broken out, I’ve had rashes. I used to have these little alcohol wipes to take the rest of my makeup off.” During a dinner with his friend Dr. Hussein Kanji, a heart and lung surgeon who’s “always working with different types of products for [organ] detoxification and antioxidants,” the two agreed to partner on a product line. SkinMason “He had an idea for a very simple yet effective skincare brand, ideally targeted to men to start with, because the women’s space is so massive...but women and men can use the same skincare,” Walker continues. “And I said I’d love to venture into this, first off, because my wife [Cassandra] always scolded me for using way too much of her expensive skincare products—I don’t know what to use! It’s like, there’s so many products out there.” Two years later, Walker and Kanji had the first two core products of the line, exfoliating wipes and a serum, which were soon followed by their new moisturizer. “We don’t even call it a moisturizer. It’s a bioactive cream.” Noting that Jean Carruthers, the co-innovator of Botox, has endorsed all of their products, Walker explains that their formula boasts retinoid, Vitamins C, and phospholipids that rebuild collagen. The SkinMason site is having a 40 percent off Black Friday sale and you can order each item individually or as a set, with a VIP subscription for regular refill orders at a 10 percent discount. Better yet, he laughs, “My wife has now turned on to using my products!” Andrew Walker / Instagram Speaking of his wife, how do the Walkers plan to spend the holidays? “With family,” he immediately offers. “We moved up to Vancouver for a year and it’s been amazing. It’s been quiet because we live next to a forest. So the holidays this year are just going to be family and trying to take a moment to put away the phones, put away technology, and just focus my time on my kids and my wife and each other.” Now that is a good look for everyone. Three Wiser Men and a Boy & Jingle Bell Run , Streaming Now, Hallmark+ More Headlines: