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WEST PALM BEACH, Fla. (AP) — returned home Saturday after his meeting with Donald Trump without assurances the president-elect will back away from threatened tariffs on all products from the major American trading partner. Trump called the talks “productive” but signaled no retreat from a pledge that Canada says unfairly lumps it in with Mexico over the flow of drugs and migrants into the United States. After the leaders’ hastily arranged dinner Friday night at Trump's Mar-a-Lago club in Florida, Trudeau spoke of “an excellent conversation” but offered no details. Trump said in a Truth Social post later Saturday that they discussed “many important topics that will require both Countries to work together to address.” For issues in need of such cooperation, Trump cited fentanyl and the “Drug Crisis that has decimated so many lives as a result of Illegal Immigration," fair trade deals "that do not jeopardize American Workers” and the U.S. trade deficit with its ally to the north. Trump asserted that the prime minister had made “a commitment to work with us to end this terrible devastation” of American families from fentanyl from China reaching the United States through its neighbors. The U.S., he said, “will no longer sit idly by as our Citizens become victims to the scourge of this Drug Epidemic.” The Republican president-elect has a 25% tax on all products from Canada and as one of his first executive orders when he takes office in January. U.S. customs agents seized 43 pounds of fentanyl at the Canadian border last fiscal year, compared with 21,100 pounds at the Mexican border. On immigration, the U.S. Border Patrol made 56,530 arrests at the Mexican border in October alone and 23,721 arrests at the Canadian border between October 2023 and September 2024 — and Canadian officials say they are ready to make new investments in border security. Trudeau called Trump after the Republican's social media posts about the tariffs last Monday and they agreed to meet, according to a official familiar with the matter who was not authorized to publicly discuss detail of the private talks. The official said other countries are calling Canadian officials to hear how about how the meeting was arranged and to ask for advice. Mexican President Claudia Sheinbaum, after speaking with Trump on the telephone, said Thursday she was confident would be averted. At the dinner that was said to last three hours, Trump said he and Trudeau also discussed energy, trade and the Arctic. A second official cited defense, Ukraine, NATO, China, the Mideast, pipelines and the Group of Seven meeting in Canada next year as other issues that arose. Trump, during his first term as president, once called Trudeau but it was the prime minister who was the first G7 leader to visit Trump since the Nov. 5 election. "Tariffs are a crucial issue for Canada and a bold move was in order. Perhaps it was a risk, but a risk worth taking,” Daniel Béland, a political science professor at McGill University in Montreal. Trudeau had said before leaving from Friday that Trump was elected because he promised to bring down the cost of groceries but now was talking about adding 25% to the cost of all kinds of products, including potatoes from Prince Edward Island in Atlantic Canada. “It is important to understand that Donald Trump, when he makes statements like that, he plans on carrying them out. There’s no question about it,” Trudeau said. “Our responsibility is to point out that he would not just be harming Canadians, who work so well with the United States, but he would actually be raising prices for Americans citizens as well and hurting American industry and business,” he added. The threatened tariffs could essentially blow up the North American trade pact that Trump’s team negotiated during his first term. Trudeau noted they were able to successfully renegotiate the deal, which he calls a “win win” for both countries. When Trump imposed higher tariffs as president, other countries responded with retaliatory tariffs of their own. Canada, for instance, announced against the U.S. in a response to new taxes on Canadian steel and aluminum. Canada is the top export destination for 36 U.S. states. Nearly $3.6 billion Canadian (US $2.7 billion) worth of goods and services cross the border each day. About 60% of U.S. crude oil imports are from Canada, and 85% of U.S. electricity imports are from Canada. Canada is also the largest foreign supplier of steel, aluminum and uranium to the U.S. and has 34 critical minerals and metals that the Pentagon is eager for and investing in for national security. Canada is one of the most trade-dependent countries in the world, and 77% of Canada’s exports go to the U.S. ___ Gillies reported from Toronto.A closer look at One UI 7’s gorgeous Now Bar feature
We Must Build International Solidarity Against US-China Imperial Rivalry
MOSCOW, DECEMBER 25, 2024 — RT Documentary presents its new film, Russia’s Avant-Guardians, exploring how modern trends in music, cinema and arts in general find a way into the traditional life of Russia’s ethnic minorities. The documentary will premiere on January 1, 2025, airing on RTDoc in English, RT Д in Russian, and streaming on rt.doc. Film director Natalya Kadyrova explains, “There are five stories in the film. We have selected the most impressive ones out of all the projects we have found across our vast country.” Russian indigenous music group Otyken mixes local folk music with modern pop and produces memorable video clips featuring lush costumes that combine folk and fantasy elements. The group boasts of millions of views on streaming platforms, and in 2024, Otyken provided sound track for the annual Moscow Fashion Week show. Khanty-Mansiysk-based fashion designer Irina Satygina used AI to create her innovative collection of warm clothes, Mansi Hoodie . “When I was a little girl, I saw people wear traditional clothes in streets, and it defined the life in the North. They wore ornaments made of beads, reindeer shoes. I would like to bring back the magic of traditional clothing to modern people’s life by combining the traditions and new technologies we now have,” she said. A groups of artists in the Republic of Tatarstan established a movement they call ethnic avant guard 20 years ago. They call themselves avant-guardians and see their mission in creating art galleries in small villages and donating their works to the local people. Film critics have hailed Yakutian cinema a new Russian cultural brand, which keeps garnering international awards and captivating global audiences. “In Yakutia, local films outperform blockbusters like Spider-Man or The Matrix at the box office,” notes Yakutian filmmaker Sandal Baishev. A white wedding dress inspired by traditional ceremonial attire has breathed new life into an entire industry. Designer Madina Saralp reflects, “We’re seeing a phenomenal revival of interest in national costumes. It’s a way to counter globalization through fashion and stay true to our identity.” Russia’s Avant-Guardians will premiere on January 1, 2025, airing on RTDoc in English, RTД in Russian, and streaming for free on rt.doc. About rt.doc RT’s newly launched online documentary platform, rt.doc ( https://rtdoc.tv/ ), is the first free streaming service showcasing documentaries from around the world. It currently offers over 700 films in Russian and English, including productions by RT, the MovieStart film collection, the St. Petersburg Diary series, and works by independent Russian documentary studios and filmmakers from Asia and Africa. About RTDoc RT Documentary TV channel (RTDoc) has produced over 1,000 documentaries since its launch, many of which have earned prestigious awards such as the New York Festivals, Telly Awards, and OMNI Intermedia Awards. For more information, visit https://doc.rt.com/ .Radical Jaguar rebrand and new logo sparks ire online NEW YORK (AP) — A promotional video for a rebrand of British luxury car brand Jaguar is being criticized online for showing models in brightly colored outfits — and no car. The rebrand, which includes a new logo, is slated to launch Dec. 2 during Miami Art Week, when the company will unveil a new electric model. But Jaguar Land Rover, a unit of India’s Tata Motors Ltd., has been promoting it online. The Jaguar brand is in the middle of a transition to going all-electric. “Copy Nothing,” marketing materials read. “We’re here to delete the ordinary. To go bold. To copy nothing.” Trump has promised again to release the last JFK files. But experts say don’t expect big revelations DALLAS (AP) — The nation is set to mark 61 years since President John F. Kennedy was assassinated as his motorcade passed through downtown Dallas on Nov. 22, 1963. Even after over six decades, conspiracy theories about what happened that day still swirl and the desire to follow every thread of information hasn’t waned. President-elect Donald Trump made promises over the summer that if reelected he would declassify the remaining records. At this point, only a few thousand of millions of pages of records related to the assassination have yet to be fully released. And those who have studied what's been released so far say that the public shouldn’t anticipate any earth-shattering revelations even if the remaining files are declassified. Bitcoin is at the doorstep of $100,000 as post-election rally rolls on NEW YORK (AP) — Bitcoin is jumping again, rising above $98,000 for the first time Thursday. The cryptocurrency has been shattering records almost daily since the U.S. presidential election, and has rocketed more than 40% higher in just two weeks. It's now at the doorstep of $100,000. Cryptocurrencies and related investments like crypto exchange-traded funds have rallied because the incoming Trump administration is expected to be more “crypto-friendly.” Still, as with everything in the volatile cryptoverse, the future is hard to predict. And while some are bullish, other experts continue to warn of investment risks. NFL issues security alert to teams and the players' union following recent burglaries The NFL has issued a security alert to teams and the players’ union following recent burglaries involving the homes of Chiefs stars Patrick Mahomes and Travis Kelce. In a memo obtained by The Associated Press, the league says homes of professional athletes across multiple sports have become “increasingly targeted for burglaries by organized and skilled groups.” Law enforcement officials noted these groups target the homes on days the athletes have games. Players were told to take precautions and implement home security measures to reduce the risk of being targeted. Some of the burglary groups have conducted extensive surveillance on targets. Penn State wins trademark case over retailer's use of vintage logos, images PHILADELPHIA (AP) — Penn State has won a closely watched trademark fight over an online retailer’s use of its vintage logos and images. A Pennsylvania jury awarded Penn State $28,000 in damages earlier this week over products made and sold by the firms Vintage Brand and Sportswear Inc. Penn State accused the firms of selling counterfeit clothing and accessories. The defendants said their website makes clear they are not affiliated with Penn State. At least a dozen other schools have sued the defendants on similar grounds, but the Pennsylvania case was the first to go to trial. Defense lawyers declined to comment on the verdict and whether they planned an appeal. Has a waltz written by composer Frederic Chopin been discovered in an NYC museum? NEW YORK (AP) — A previously unknown musical work written by composer Frederic Chopin appears to have been found in a library in New York City. The Morgan Library & Museum says the untitled and unsigned piece is the first new manuscript of the Romantic era virtuoso to be discovered in nearly a century. Robinson McClellan, the museum’s curator, says he stumbled across the work in May while going through a collection brought to the Manhattan museum years earlier. He worked with outside experts to verify the document's authenticity. But there’s debate whether the waltz is an original Chopin work or merely one written in his hand. Volcano on Iceland's Reykjanes Peninsula erupts for the 7th time in a year GRINDAVIK, Iceland (AP) — A volcano on the Reykjanes Peninsula in southwestern Iceland is spewing lava from a fissure in its seventh eruption since December. Iceland's seismic monitors said the eruption started with little warning late Wednesday and created a long fissure but looked to be smaller than eruptions in August and May. Around 50 houses were evacuated after the Civil Protection agency issued the alert, along with guests at the famous Blue Lagoon resort, according to the national broadcaster. The repeated eruptions over the past year have caused damage to the town of Grindavík and forced people to relocate. Australian teen and British woman who drank tainted alcohol in Laos have died, bringing toll to 5 VIENTIANE, Laos (AP) — An Australian teenager and a British woman have died after drinking tainted alcohol in Laos in what Australia’s prime minister said was every parent’s nightmare. Officials earlier said an American and two Danish tourists also had died following reports that multiple people had been sickened in town popular with backpackers. Australian Prime Minister Anthony Albanese told Parliament that 19-year-old Bianca Jones had died after being evacuated from Vang Vieng, Laos, for treatment in a Thai hospital. Her friend, also 19, remains hospitalized in Thailand. Later Thursday, Britain said a British woman also died and the media in the U.K. identified her as 28-year-old Simone White. US ahead in AI innovation, easily surpassing China in Stanford's new ranking The U.S. leads the world in developing artificial intelligence technology, surpassing China in research and other important measures of AI innovation, according to a newly released Stanford University index. There’s no surefire way to rank global AI leadership but Stanford researchers have made an attempt by measuring the “vibrancy” of the AI industry across a variety of dimensions, from how much research and investment is happening to how responsibly the technology is being pursued to prevent harm. Following the U.S. and China were the United Kingdom, India and the United Arab Emirates. Pop star Ed Sheeran helps favorite soccer team sign player before getting on stage with Taylor Swift It turns out British pop star Ed Sheeran is also good at recruiting soccer players. Sheeran is a minority shareholder at English soccer team Ipswich Town and it needed his help over the summer to get a player to join the club. Ipswich CEO Mark Ashton tells a Soccerex industry event in Miami: “Ed jumped on a Zoom call with him at the training ground, just before he stepped on stage with Taylor Swift. Hopefully that was a key part in getting the player across the line.” Ashton didn’t disclose the player in question, saying only: “He’s certainly scoring a few goals.”
When most analysts discuss Tesla, they focus on new vehicles or the electric vehicle company’s advancements in autonomy. Yet, according to Launch i/o CEO Jeff Lutz, one of the most significant—and under-discussed—developments at Tesla is happening not in its design studios or on the road, but in its factories . Lutz, a former executive at Google and Motorola, argues that Tesla’s true innovation isn’t just the electric vehicles or robots it’s building, but how those products are being made. The company’s first-principles approach to manufacturing is a radical departure from the industry norm, focusing not just on cheap labor or existing models, but on rethinking the entire production process. Tesla is creating factories that are the product —designing, testing, and perfecting every element just as they do with their cars. This focus on manufacturing efficiency, Lutz believes, will lead to a dramatic reduction in production costs, potentially bringing them closer to zero. And this shift in how products are built—rather than merely assembled—could set a new standard for the entire manufacturing world. . @thejefflutz to @farzyness : Tesla is Revolutionizing Manufacturing—And Few Are Talking About It "The most under-discussed thing in the analyst world about Tesla is not the new vehicles coming, nor the growing discussions about autonomy, but rather Tesla's next product: their... pic.twitter.com/a5a60vBxJR FARZAD MESBAHI: It's no wonder that innovation has been lacking so much it's because we've brute forced essentially manufacturing by leveraging globalization because we had that $2 an hour rate in China or Mexico wherever else like we're not like well we have to just get really good at building stuff to be competitive I was like nah just let him do it like we'll get get our margins just let them do it. JEFF LUTZ: The most under-discussed thing in the analyst world about Tesla is not the new vehicles coming, nor the growing discussions about autonomy, but rather Tesla's next product: their new way of manufacturing. It's a big deal, a huge step in how products are made today, and I don't think many investment firms have the right research people actually looking into what this impact is and what it's going to enable. It's going to enable the variable cost to build products to shrink further and further, approaching zero. This is the step function needed for cost reduction to achieve further scale, and I don’t think enough people are talking about it. It’s going to be how the Cybertruck is made, how Optimus will be made. Tesla versions its factories like they version their product. They spend time perfecting it and have design reviews of their factory designs just as they do with their products . They have specs and performance attributes they are trying to meet. This is very different from what happens at other companies at the executive level. FARZAD MESBAHI: This is such a profound statement because a lot of the stories that I hear are related to, like, say Tesla capitalizing on making manufacturing the product—really just honing in so much on the factory that it becomes the product, the you know, and where we throw around 2 million cars per year, five million cars per year per factory, tens of millions of bots per year sooner than people think. The usual narrative is crazy, pie-in-the-sky; they can't do that, look at Ford, look at BYD, they can only do so much. But what we're missing here is that we've had decades of just sitting on our asses, leveraging cheaper labor versus going out of our way to really push the boundaries of engineering and manufacturing. And now that we have a company that's willing to do that because the leader is viewing that as a first principles approach to manufacturing, right? Instead of like, okay, cheap labor is good, but why aren’t we pushing manufacturing and engineering as much as we can to make this as efficient and as productive as possible? Of course they’re extremely talented, they’re doing something very unique, but it’s also on the backs of 30-40 years of, I’m going to call it laziness. Like, you're just taking the easy way out, and I get it, more profits, you're taking care of shareholders—I get it—but you're not really pushing the boundaries of manufacturing. I think what this leads to is, if companies and leaders truly take this to heart, we’re going to see an explosion in manufacturing across the board. It’s not just going to be a Tesla thing; I think we’re going to see it all over the place. JEFF LUTZ: I’m advising companies on this now, you're going to see massive localization of manufacturing. People think costs just instantly go up when you do that. They do unmitigated, but if you're a company like Tesla and you're thinking about it the way they do, they're actually focused on localizing and making costs go down. Think of it, how many auto factories are expanding in Germany? Just answer that question. Watch the entire exchange here:
Charvarius Ward will join the list of 49ers missing Monday night’s game against the Lions at Levi’s Stadium after the team ruled him out Sunday afternoon. The veteran cornerback and his girlfriend, Monique Cook, have been expecting the birth of a baby boy. The team cited personal reasons for Ward’s absence after coach Kyle Shanahan indicated Friday that Ward had good news but declined to explain further. Two months ago, Ward and Cook lost their first-born daughter unexpectedly at 23 months old. Ward missed three games in the wake of the devastating loss. As a pending free agent, Ward may have played his last game for the 49ers. He has been with the team the last three seasons after signing as a free agent from Kansas City, earning Pro Bowl honors last year as the top corner on an NFC champion team. He has 51 tackles and seven passes defensed this season after 72 tackles and five interceptions in 2023, including a two-pick, one-touchdown day last Dec. 17 at Arizona . In his absence, more will be thrust on the recently extended Deommodore Lenoir against the Lions’ air attack, and rookie Renardo Green will likely start in Ward’s place. Free agent signee Isaac Yiadom also may see more playing time. Along with Ward, left tackle Trent Williams (ankle) and linebacker Dre Greenlaw (calf) were ruled out earlier this week, as were guards Aaron Banks (knee) and Spencer Burford (calf). Williams was placed on injured reserve and Greenlaw is also out for the season. ©2024 MediaNews Group, Inc. Visit at mercurynews.com. Distributed by Tribune Content Agency, LLC.
Beatles admirers have witnessed something they thought would never happen again: Sir Paul McCartney and John Lennon harmonising together on stage. Sir Paul has candidly shared that performing the recent Beatles track 'Now And Then' on his current tour evokes profound emotions, describing it as "very emotional" because it's a "John song" and it feels extraordinary to be singing in unison with him. The nostalgic 'Now and Then,' which dropped at the end of 2023, originates from a John Lennon demo dating back to the late Seventies. The recording journey concluded in 2022 with Ringo Starr and Sir Paul finalising the tune in the studio. Touted as the ultimate Beatles song, its release sent ripples of awe through fans worldwide, and it has now secured two Grammy nominations. Sir Paul McCartney has been faithfully incorporating 'Now and Then' into every set of his 'Got Back' world tour. Commenting publicly for the first time about the experience, he revealed: "It's really great. When you introduce a new song, even though it's an old song, like 'Now and Then', the first reaction is, people aren't quite sure what it is or what you're doing. ". "But during the run of the concerts, they get the idea. The word gets out on the internet, you know. So now the reaction is really strong, and for us it's great to play because it's a nice song to play, and for me, it's particularly great because it's a John song. And so it's very emotional for me. I love it. I love doing it, and the audience seem to love it too." Currently back in the UK, Sir Paul reflects on the tour after captivating audiences across South America and Europe since its commencement in October. The legendary musician and his talented band, marking a partnership of 22 years, are set to round off the year with a bang, performing four momentous gigs starting in Manchester this weekend before heading over to London for sell-out events. Excluding his monumental headline performance at Glastonbury in 2022 and an intimate pre-show in nearby Frome, these are the iconic Beatle's first UK appearances since 2018. Reflecting on returning to familiar grounds, Paul shared: "Manchester is like, you know, next to my old hometown. It's a great city, and we love it really. So that's going to be good to be there. And then London, we finish it up around Christmas time. So that's exciting. We're looking forward to London, and then that will finish this tour, and we'll all be very glad to have a nice Christmas holiday." Recounting his year, he recalls certain shows in October that stood out as particularly joyous. Sources close to him remark upon his unmistakable passion for live performances, spoiling fans with nearly three-hour long sets featuring a repertoire of over 35 tracks each night. "The audiences in South America are insanely wonderful," he enthused about the 15-show stint there that drew in crowds of more than half a million. "And they are so keen and crazy that we have a party every time we play to them. So it's been great." The storied performer most recently wowed audiences in Paris and Madrid, where fans savoured the rarer opportunities to witness the 82 year old music icon in action. Sir Paul McCartney has shared the secret to curating his set lists amidst an illustrious career that boasts 12 Beatles studio albums, 26 solo albums, and 22 UK number ones. In the tour programme, he pens: "If I see a movie and then hear one of my songs in it, I think: ‘Oh, I should do that one.’ Sometimes it will give me the impetus to actually look at that song and think of doing it. It may even just be someone saying to me, ‘Oh, I love that song of yours,’ and you go, ‘Oh...’ They love it enough for me to think, ‘Yeah, I should do that, just for you.’ There are songs that some people say, ‘Oh, I love that one,’ and it makes a difference. That’s always happened. One of my own Wings albums, I’ll be thinking, ‘Well, it didn’t do too well, so maybe it wasn’t that good,’ and then you find some kids are playing the hell out of it saying, ‘This is a great album,’ so it gets me back into it." He shared: "I'll just hear it at a random place like you say, on the radio, at a party, and decide to include it. That's always a good feeling, it's like a little light bulb moment "ding, eurika" we should definitely try that one. That is often the way I decide how to do things, or decide what to do. You work on the setlist over time, and you finally feel you get it to a place where it’s working well. That's how we all feel on the tour now - and it looks like the audiences agree! " One downside of social media is fans coming to see the tour have had a good idea of the show they are going to see and especially what it will look like. As with all music gigs these days, thousands of phones are out to record the songs, perhaps even more so when it is a Beatle on stage. But Sir Paul, who will be supported at the UK gigs by friends and family including wife Nancy McCartney, does his best to keep an element of surprise, so fans coming to the shows in the coming days won't know exactly what to expect apart from some huge singalong hits. He adds: "On the first night we can pull some surprises, but then the minute that gets on social media... It’s like the old comedians who used to complain that their jokes got told, so the next people who saw them knew the jokes." "I approach every show and every audience in a slightly different way depending on the location of the show, so I suppose that’s the way I change it up a little bit. ". In an interview about trying to keep concertgoers on their toes, Sir Paul McCartney explained: "You’ll see your set list published and we’ll go, ‘Right, we’re gonna change it! ’ We keep trying to be ahead of the guy who’s giving the game away. I would like it much better if people had no idea what they were coming to see, but the only answer to that is for us to make changes occasionally. So if he said, ‘They open up with this song,’ we’ll go, ‘Let's open up with a different song,’ just to prove them wrong." Recent performances have seen tunes such as 'Can't Buy Me Love' in Madrid and 'Hard Days Night' in Paris kick off the shows. With excitement building for McCartney's forthcoming Manchester dates, it's certain Beatles enthusiasts are set for a thrill - unpredictability is key! *Sir Paul McCartney's Got Back tour concludes its UK leg with two nights at the Manchester Co-Op Live before moving onto London's O2 Arena next week. Meanwhile, fans can indulge in Beatlemania with the new documentary 'Beatles 64' recently released on Disney+.
Stock market today: Asian shares are mostly lower, with most world markets closed for Christmas BANGKOK (AP) — Shares are lower in Tokyo and Shanghai, two of only a handful of world markets open on Christmas day. Oil prices rose. On Tuesday, stocks closed higher on Wall Street in a shortened holiday session. Gains in Big Tech stocks helped the S&P 500 to a 1.1% gain, while the Dow Jones Industrial Average rose 0.9%. The Nasdaq composite climbed 1.3%. American Airlines shook off an early loss and ended mostly higher after the airline briefly grounded flights nationwide due to a technical issue. Treasury yields held steady. The yield on the 10-year Treasury was little changed at 4.59% Japan to maximize nuclear power in clean-energy push as electricity demand grows TOKYO (AP) — A Japanese government panel has largely supported a draft energy policy calling for bolstering renewables up to half of Japanese electricity needs by 2040. It also recommends maximizing the use of nuclear power to accommodate the growing demand for power in the era of AI while meeting decarbonization targets. Cabinet is expected to formally approve the plan by March following a period of public consultation. The policy says nuclear energy should account for 20% of Japan’s energy supply in 2040, with renewables expanded to 40-50% and coal-fired power reduced to 30-40%. Biden will decide on US Steel acquisition after influential panel fails to reach consensus WASHINGTON (AP) — A powerful government panel has failed to reach consensus on the possible national security risks of a nearly $15 billion proposed deal for Nippon Steel of Japan to purchase U.S. Steel. The Committee on Foreign Investment in the United States on Monday sent its long-awaited report to President Joe Biden, a longtime opponent of the deal. Some federal agencies represented on the panel were skeptical that allowing a Japanese company to buy an American-owned steelmaker would create national security risks. That's according to a U.S. official familiar with the matter. Both Biden and President-elect Donald Trump opposed the merger and vowed to block it. Nippon Steel says it is confident the deal will go ahead. 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. Survey: Small businesses are feeling more optimistic about the economy after the election A survey shows small business owners are feeling more optimistic about the economy following the election. The National Federation of Independent Businesses’ Small Business Optimism Index rose by eight points in November to 101.7, its highest reading since June 2021. The Uncertainty Index declined 12 points in November to 98, following October’s pre-election record high of 110. NFIB Chief Economist Bill Dunkelberg said small business owners became more certain about future business conditions following the presidential election, breaking a nearly three-year streak of record high uncertainty. The survey also showed that more owners are also hoping 2025 will be a good time to grow. Heavy travel day starts with brief grounding of all American Airlines flights WASHINGTON (AP) — American Airlines briefly grounded flights nationwide due to a technical problem just as the Christmas travel season kicked into overdrive and winter weather threatened more potential problems for those planning to fly or drive. Government regulators cleared American flights to get airborne Tuesday about an hour after the Federal Aviation Administration ordered a national ground stop, which prevented planes from taking off. American said in an email that the problem was caused by vendor technology in its flight operating system. Aviation analytics company Cirium said flights were delayed across American’s major hubs, with only 37% leaving on time. Nineteen flights were cancelled. 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. Stock market today: Wall Street rallies ahead of Christmas Stocks closed higher on Wall Street ahead of the Christmas holiday, led by gains in Big Tech stocks. The S&P 500 added 1.1% Tuesday. Trading closed early ahead of the holiday. Tech companies including Apple, Amazon and chip company Broadcom helped pull the market higher. The Dow Jones Industrial Average rose 0.9%, and the Nasdaq composite climbed 1.3%. American Airlines shook off an early loss and ended mostly higher after the airline briefly grounded flights nationwide due to a technical issue. Treasury yields held steady in the bond market. The yield on the 10-year Treasury was little changed at 4.59% 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.How to protect your communications through encryption
Former Ohio State Player Blasts Ryan Day After Michigan Loss
Moni scores 25 in North Dakota State’s 91-62 win against Wisconsin-StoutThis bull market has been running rampant for more than two years, but it's an unusual one. Most bull runs don't have to share time with inflation crises, and the monetary pressure that started to build in 2021 is finally easing. The macroeconomic boost from that shift could keep this bull running longer than usual. While the bullish trend has been having a broad impact on the stock market, some stocks can be expected to benefit more than others as the investor-friendly run continues. These two supercharged tech companies could deliver market-beating returns over the next few years. Are You Missing The Morning Scoop? Wake up with Breakfast news in your inbox every market day. Sign Up For Free » How to play the digital advertising turnaround in style Anders Bylund (Criteo): One of the most game-changing aspects of this bull market is the ongoing return to normal consumer spending behavior. People largely reined in their discretionary spending when inflation surged a few years ago. The list of industries that faced lower sales in that tight economy has a lot of overlap with the sectors that do a lot of brand-oriented marketing. From luxury goods and travel services to cars and smartphones, consumer demand tightened up and brand advertising slowed down. Why spend big money on targeted ads when people aren't willing to buy anything? So digital advertising was pushed into an extra-deep downturn. Now, the leaders of that industry are poised to come back swinging as consumer spending recovers. Criteo (NASDAQ: CRTO) is a fine example of this rebound opportunity. The Paris-based marketing campaign manager's stock is down 22% from recent highs, but the business is poised to perform in a healthier economy. Speaking during the October earnings call , retiring CEO Megan Clarken outlined a thrilling growth opportunity. "Retail media facilitates the targeting of high-intent shoppers by brands primarily on retailer sites and extending reach across the open web," she said. "Performance media focuses on targeting high-intent shoppers for direct-to-consumer brands, primarily on the open web and social platforms. In other words, our solutions have a hyper focus on addressing or advertising to consumers who are on their buyer journey. " So Criteo should benefit greatly when luxury brands and brand-oriented advertisers boost their marketing budgets again. And that's already happening, just in time for the holiday shopping season. Meanwhile, the stock is trading for just 1.1 times sales and 9 times expected forward earnings. These valuation ratios would be cheap for a tired old retailer -- they're dirt cheap for a tech stock with proven growth chops that is arguably heading into a game-changing sector turnaround. Down 34%, Micron can deliver wins for long-term investors Keith Noonan: Micron Technology (NASDAQ: MU) is a leading provider of memory-chip solutions. The company's business has been posting huge performance improvements in conjunction with artificial intelligence (AI) trends, but some investors appear to be betting that the good times will soon come to an end. On the heels of recent pullbacks, Micron stock is down roughly 34% from the high it hit earlier this year. While the company's future sales and earnings will almost certainly be uneven and shaped by cyclical industry trends, its recent performance points to the emergence of catalysts that will have positive long-term impacts on the business. Micron's revenue increased 93% year over year to $7.75 billion in the fourth quarter of its fiscal 2024, which ended Aug. 29. That explosive growth was spurred by AI-driven demand for the company's DRAM and high-bandwidth-memory solutions. Along with the surge in sales, strong demand for its higher-end products helped the business post a non-GAAP (adjusted) net profit of roughly $1.34 billion -- improving from a loss of roughly $1.18 billion in the prior-year period. Micron stock is now valued at roughly 11 times this year's expected earnings. Given the cyclical nature of the company's business, it doesn't make sense to put too much weight on the company's price-to-earnings multiple when assessing the stock. However, it could still signal an attractive risk-reward profile for investors who approach the stock with an understanding of the cyclical guesswork involved. Depending on demand and pricing trends in the memory chip space, the company's performance can make big shifts in short order. Along those lines, some Wall Street analysts are concerned that weakness in the consumer market and oversupply in the high-bandwidth memory segment will soon lead to softer sales and earnings results. But the company's current valuation suggests that investors are being too bearish about Micron's near-term and long-term outlooks. Spending on data-center infrastructure to support the training, deployment, and scaling of AI applications is likely still in a relatively early stage of its long-term growth trajectory. While Micron's business will remain heavily cyclical and its results will be shaped by industry trends, it appears that the market is underappreciating the company's potential to be a lasting beneficiary of the AI revolution. Don’t miss this second chance at a potentially lucrative opportunity Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this. On rare occasions, our expert team of analysts issues a “Double Down” stock recommendation for companies that they think are about to pop. If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you’d have $368,053 !* Apple: if you invested $1,000 when we doubled down in 2008, you’d have $43,533 !* Netflix: if you invested $1,000 when we doubled down in 2004, you’d have $484,170 !* Right now, we’re issuing “Double Down” alerts for three incredible companies, and there may not be another chance like this anytime soon. See 3 “Double Down” stocks » *Stock Advisor returns as of November 18, 2024 Anders Bylund has positions in Criteo and Micron Technology. Keith Noonan has positions in Micron Technology. The Motley Fool recommends Criteo. The Motley Fool has a disclosure policy . A Bull Market Is Here: 2 Supercharged Stocks Down More Than 20% to Buy Right Now was originally published by The Motley Fool
Canada's Trudeau returns home after Trump meeting without assurances that tariffs are off the tablePundit, Jamie O'Hara, has taken to social media outraged by Tottenham 's abysmal 4-3 loss against Chelsea , and has called for Ange Postecoglou to be sacked from his post as manager. Spurs disastrously lost control of the clash with London rivals, despite holding a two-goal advantage just 11 minutes into the tie. The defeat marks the north Londoners' fourth consecutive game without a win in all competitions, and it means the side have managed just a single victory in the last seven outings. With Tottenham languishing in 11th in the Premier League table, firm questions are being asked of Postecoglou's future at the club. O'Hara: 'Time to Go' for Postecoglou After Dominic Solanke and Dejan Kulusevski both netted in early proceedings, the home support in the Tottenham Hotspur Stadium may have expected a rather routine victory over Chelsea. However, it wasn't long before Jadon Sancho pulled one back for the visitors, and a flurry of goals in the second half saw the game quickly turned on its head. Speaking to X (formerly Twitter), a furious O'Hara called for the manager's dismissal: "I’m done with this garbage we are a disgrace, 2-0 up and get battered we have zero clue of how to win games. "I’m sorry it can’t go on like this, time to go" It wasn't the first occasion of such a capitulation occurring this season either - Postecoglou's men went two goals ahead at the Amex Stadium against Brighton earlier this season, only to eventually lose the game 3-2 . Moreover, Spurs recently failed to sustain a 2-1 lead over Roma in the Europa League , as Mats Hummels netted in stoppage time to share the points at the end of November, and the side similarly lost a one-goal lead against Fulham at the start of December as well. Tottenham's 2024/25 Premier League statistics Matches 15 Wins 6 Draws 2 Losses 7 Goals scored 31 Goals conceded 19 With various dismal defeats to the likes of Ipswich Town , Bournemouth , Galatasaray and Crystal Palace , there is a sense that Postecoglou's project at the club is not heading in the correct direction. Often, it is a failure to adapt in key moments that has cost Tottenham and the manager is likely to be held responsible for this. A busy fixture schedule around the corner, Tottenham are still to face the likes of Liverpool and Manchester United this December, and Postecoglou must look to end the year with some promising form if he is to avoid entering 2025 on thin ice. The former Liverpool man wasn't impressed with Cucurella at all Statistics Courtesy of FotMob.com - Correct as of 08/12/2024
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3,643 Shares in Axos Financial, Inc. (NYSE:AX) Acquired by Townsquare Capital LLC
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