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Stock market today: Wall Street rises to records despite tariff talkNGO to release environmental law enforcement manual to strengthen crime prosecution
Investors with significant funds have taken a bullish position in Kraft Heinz KHC , a development that retail traders should be aware of. This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in KHC usually indicates foreknowledge of upcoming events. Today, Benzinga's options scanner identified 8 options transactions for Kraft Heinz. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 62% being bullish and 37% bearish. Of all the options we discovered, 7 are puts, valued at $374,135, and there was a single call, worth $37,179. Predicted Price Range Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $31.0 to $35.0 for Kraft Heinz over the last 3 months. Volume & Open Interest Development Looking at the volume and open interest is an insightful way to conduct due diligence on a stock. This data can help you track the liquidity and interest for Kraft Heinz's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Kraft Heinz's whale activity within a strike price range from $31.0 to $35.0 in the last 30 days. Kraft Heinz Call and Put Volume: 30-Day Overview Noteworthy Options Activity: Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume KHC PUT SWEEP BEARISH 07/18/25 $4.95 $4.85 $4.95 $35.00 $101.4K 550 206 KHC PUT TRADE BULLISH 06/20/25 $5.1 $5.0 $5.0 $35.00 $50.0K 4.4K 500 KHC PUT TRADE BULLISH 06/20/25 $5.05 $4.9 $4.96 $35.00 $49.6K 4.4K 400 KHC PUT TRADE BULLISH 06/20/25 $5.05 $4.9 $4.95 $35.00 $49.5K 4.4K 300 KHC PUT TRADE BULLISH 06/20/25 $5.05 $4.9 $4.95 $35.00 $49.5K 4.4K 200 About Kraft Heinz In July 2015, Kraft merged with Heinz to create the third-largest food and beverage manufacturer in North America behind wide-moats PepsiCo and Nestle and the fifth-largest player in the world. Beyond its namesake brands, the combined firm's portfolio includes Oscar Mayer, Velveeta, and Philadelphia. While the retail channel drives around 85% of its total sales, the firm also maintains a growing presence in the foodservice arena. Outside North America, Kraft Heinz's global reach counts a distribution network in Europe and emerging markets that drives about 25% of its consolidated sales base, as its products are sold in more than 190 countries and territories. Having examined the options trading patterns of Kraft Heinz, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance Where Is Kraft Heinz Standing Right Now? With a trading volume of 3,467,480, the price of KHC is up by 0.44%, reaching $30.68. Current RSI values indicate that the stock is is currently neutral between overbought and oversold. Next earnings report is scheduled for 47 days from now. Turn $1000 into $1270 in just 20 days? 20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access . Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Kraft Heinz with Benzinga Pro for real-time alerts. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
BANGKOK — 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. Nissan Chief Executive Makoto Uchida, left, and Honda Chief Executive Toshihiro Mibe, center, and Takao Kato CEO of Mitsubishi Motors, right, arrive to attend a joint news conference Monday, Dec. 23, 2024, in Tokyo, Japan. (AP Photo/Eugene Hoshiko) The ascent of Chinese automakers is rattling the industry at a time when manufacturers are struggling to shift from fossil fuel-driven vehicles to electrics. Relatively inexpensive EVs from China's BYD, Great Wall and Nio are eating into the market shares of U.S. and Japanese car companies in China and elsewhere. Japanese automakers have lagged behind big rivals in EVs and are now trying to cut costs and make up for lost time. Nissan, Honda and Mitsubishi announced in August that they will share components for electric vehicles like batteries and jointly research software for autonomous driving to adapt better to dramatic changes in the auto industry centered around electrification. A preliminary agreement between Honda, Japan's second-largest automaker, and Nissan, third largest, was announced in March. A merger could result in a behemoth worth about $55 billion based on the market capitalization of all three automakers. Joining forces would help the smaller Japanese automakers add scale to compete with Japan's market leader Toyota Motor Corp. and with Germany's Volkswagen AG. Toyota itself has technology partnerships with Japan's Mazda Motor Corp. and Subaru Corp. Nissan Chief Executive Makoto Uchida, left, Honda Chief Executive Toshihiro Mibe, center, and Takao Kato, CEO of Mitsubishi Motors, right, pose for photographers during a joint news conference in Tokyo, Japan, Monday, Dec. 23, 2024. (AP Photo/Eugene Hoshiko) Nissan has truck-based body-on-frame large SUVs such as the Armada and Infiniti QX80 that Honda doesn't have, with large towing capacities and good off-road performance, said Sam Fiorani, vice president of AutoForecast Solutions. Nissan also has years of experience building batteries and electric vehicles, and gas-electric hybird powertrains that could help Honda in developing its own EVs and next generation of hybrids, he said. "Nissan does have some product segments where Honda doesn't currently play," that a merger or partnership could help, said Sam Abuelsamid, a Detroit-area automotive industry analsyt. While Nissan's electric Leaf and Ariya haven't sold well in the U.S., they're solid vehicles, Fiorani said. "They haven't been resting on their laurels, and they have been developing this technology," he said. "They have new products coming that could provide a good platform for Honda for its next generation." Nissan said last month that it was slashing 9,000 jobs, or about 6% of its global work force, and reducing global production capacity by 20% after reporting a quarterly loss of 9.3 billion yen ($61 million). Earlier this month it reshuffled its management and its chief executive, Makoto Uchida, took a 50% pay cut to take responsibility for the financial woes, saying Nissan needed to become more efficient and respond better to market tastes, rising costs and other global changes. Fitch Ratings recently downgraded Nissan's credit outlook to "negative," citing worsening profitability, partly due to price cuts in the North American market. But it noted that it has a strong financial structure and solid cash reserves that amounted to 1.44 trillion yen ($9.4 billion). Nissan's share price has fallen to the point where it is considered something of a bargain. A report in the Japanese financial magazine Diamond said talks with Honda gained urgency after the Taiwan maker of iPhones Hon Hai Precision Industry Co., better known as Foxconn, began exploring a possible acquisition of Nissan as part of its push into the EV sector. The company has struggled for years following a scandal that began with the arrest of its former chairman Carlos Ghosn in late 2018 on charges of fraud and misuse of company assets, allegations that he denies. He eventually was released on bail and fled to Lebanon. Honda reported its profits slipped nearly 20% in the first half of the April-March fiscal year from a year earlier, as sales suffered in China. Toyota made 11.5 million vehicles in 2023, while Honda rolled out 4 million and Nissan produced 3.4 million. Mitsubishi Motors made just over 1 million. Even after a merger Toyota would remain the leading Japanese automaker. All the global automakers are facing potential shocks if President-elect Donald Trump follows through on threats to raise or impose tariffs on imports of foreign products, even from allies like Japan and neighboring countries like Canada and Mexico. Nissan is among the major car companies that have adjusted their supply chains to include vehicles assembled in Mexico. Meanwhile, analysts say there is an "affordability shift" taking place across the industry, led by people who feel they cannot afford to pay nearly $50,000 for a new vehicle. In American, a vital market for companies like Nissan, Honda and Toyota, that's forcing automakers to consider lower pricing, which will eat further into industry profits. ____ AP Auto Writer Tom Krisher contributed to this report from Detroit. Airbags, advanced driver assistance features, and high-strength materials mean that the safest cars today are far better at protecting people from injuries than ever before. Although most new cars compare well to their predecessors, some stand above the rest. The safest cars for 2025 offer excellent occupant protection and also do a good job of preventing accidents from happening in the first place. Based on testing data from the Insurance Institute for Highway Safety , or IIHS, and the National Highway Traffic Safety Administration , or NHTSA, these are some of the safest cars available today. Ranging from inexpensive compact cars and mainstream midsize sedans to stylish station wagons, posh luxury cars, and sporty coupes and convertibles, Edmunds shares a list that has something for just about everyone. For those who prefer a higher seating position and maybe some added practicality, Edmunds' list of safest SUVs is for you. The stylish Mazda 3 has a lot to offer compact-car shoppers, including great looks, a composed driving experience, and reasonable fuel economy from its base 2.0-liter engine. It's also one of the safest cars in its class, earning a perfect five stars in NHTSA crash testing and sterling crashworthiness and collision avoidance scores from the IIHS. Its standard features are forward collision warning, automatic emergency braking, and lane departure prevention. With mature styling, a premium interior, and an efficient hybrid powertrain option, the 2025 Honda Civic is a great option if safety is a concern since it aces almost all of the IIHS' crash tests and earns a five-star safety rating from the federal government. It also comes standard with adaptive cruise control, lane departure prevention, and forward collision warning with automatic emergency braking. The Civic falls short slightly in the IIHS' updated moderate overlap front test, which now accounts for rear passenger safety, but even so, it's one of the safest cars in its class. Reflective of parent company BMW, today's Mini Cooper is well constructed and features premium safety features that belie its small size, including automatic emergency braking and forward collision warning. Although the Mini hasn't been tested by NHTSA, the IIHS gives the Cooper its highest score of Good in the original driver-side small overlap front, moderate overlap front, and side-impact tests. That said, the IIHS doesn't place the Cooper on its Top Safety Pick or Top Safety Pick+ lists since it hasn't been evaluated on the updated battery of passenger-side small overlap front, moderate overlap front, or side-impact tests. Expect the new-for-2025 Mini Cooper to earn decent crash ratings in those scenarios, especially since it shares its strong platform with the outgoing model. With its recent redesign, the Toyota Prius transformed from a frumpy little caterpillar to a stylish and efficient butterfly. It also became a very safe hybrid hatchback. Perfect scores in all of its government and IIHS crash tests, as well as a sophisticated system of collision avoidance technology, earn it top marks. It's also one of our favorite cars on the market, period, as evidenced by its status as a 2024 Edmunds Top Rated vehicle. The Honda Accord is among the safest midsize sedans on the market today thanks to excellent crashworthiness scores and a competent standard collision prevention system. It's a Top Safety Pick+, beating out rivals like the Hyundai Sonata, Kia K5, and Subaru Legacy, and the Accord also earns a perfect five-star rating from NHTSA. Honda's hybrid-intensive product planning is on full display here—all but the two lowest Accord trims have a hybrid powertrain—and it's also among the most spacious cars in its class. Like its Honda Accord rival, the Toyota Camry is also an IIHS Top Safety Pick+ with a five-star NHTSA rating. It also has a very impressive suite of driver assistance and safety technology, including lane departure prevention with active centering, full-speed adaptive cruise control, and automatic emergency braking. The Camry edges out the Accord in IIHS testing thanks to a more effective collision avoidance system, but both cars are remarkably well matched otherwise. The fully electric Hyundai Ioniq 6 offers excellent safety and collision prevention, with excellent scores across the entire line of IIHS tests. The Ioniq 6 hasn't been tested for rollover resistance by NHTSA, but it earned a four-star front safety rating and a five-star side-impact rating in government tests. Like most EVs, the Hyundai Ioniq 6 comes standard with forward collision warning, automatic emergency braking, and lane departure prevention. It also offers up to 342 miles of all-electric driving in its longest-range trim level. The Acura Integra is a close mechanical cousin to the Honda Civic, so it's no surprise it does well in both the IIHS' and NHTSA's crash tests. The luxury hatchback is a Top Safety Pick+ and earns a perfect five stars in government testing. The AcuraWatch safety suite is standard on the Integra, bringing automatic emergency braking, lane centering, lane departure prevention, and adaptive cruise control. The Mercedes-Benz C-Class is a safe option in the popular small luxury sedan segment thanks to its good scores in IIHS crash testing. Mercedes' best-selling sedan also comes standard with automatic emergency braking and forward collision warning, which helps it earn a Top Safety Pick award. However, it hasn't been tested by the NHTSA. Both the Genesis G80 and the fully electric Genesis Electrified G80 earn a Top Safety Pick+ score from the IIHS thanks to their good scores on the agency's crash tests, as well as a comprehensive suite of active safety features that avoided collisions with simulated pedestrians. The internal-combustion-engine G80 earned a perfect five-star safety rating from NHTSA, and although the Electrified G80 hasn't been tested by the feds just yet, it should likely excel in those tests too. The flagship Genesis G90 sedan competes with the Mercedes-Benz S-Class and BMW 7 Series, and the South Korean automaker clearly hasn't skimped on safety in its fight against the establishment. Although it hasn't been subjected to the NHTSA array of tests, it aced almost all of its IIHS tests, and a long list of standard active safety and driver assistance features sets it apart from the stingy German makes that charge extra for them. With handsome styling and a well-finished interior, the Volvo V60 is a very appealing station wagon for those looking for such a thing. It's also quite safe, with good crashworthiness scores in the IIHS' original moderate overlap front and side-impact scores. Unfortunately, since it hasn't been tested with the updated versions of those tests, it didn't earn this year's Top Safety Pick award, but it was called a Top Safety Pick+ in 2022. NHTSA also gives the V60 a five-star safety rating. Although the Mercedes-Benz E 450 All-Terrain isn't a traditional wagon — it follows the lifted almost-crossover formula shared with the Audi A6 Allroad and Volvo V90 Cross Country — we'll take what we can get in this dwindling category. The All-Terrain hasn't been tested by the IIHS or NHTSA, but a previous-generation E-Class earned a 2023 Top Safety Pick+ award, and Mercedes isn't the kind of company that goes backward when it comes to safety. The E 450 All-Terrain comes standard with automatic emergency braking and forward collision warning, though, at this price, Benz should just make other active safety features standard. With a five-star NHTSA safety rating, standard forward collision warning and emergency braking, and excellent IIHS crashworthiness scores on its original tests, the Audi A6 Allroad does a good job protecting people (both passengers and pedestrians) from crashes. However, since the IIHS hasn't subjected the Allroad to its updated side and moderate front crash criteria, it lost its Top Safety Pick+ status in 2022. Still, it should be a fine option for luxury longroof shoppers. Both the Ford Mustang coupe and convertible perform well in crash testing. The coupe received a five-star safety rating from NHTSA, and both variants scored decently on all the IIHS tests they've undergone. They also come standard with forward collision warning, lane departure prevention, and automatic emergency braking. However, the IIHS needs to test both models on its updated criteria before it will rate them. Although the government hasn't tested it, the Toyota GR86 aced all of its IIHS crashworthiness tests when it was new for the 2022 model year. Unfortunately, since it hasn't been subjected to the IIHS' updated testing since then, it lost its Top Safety Pick+ status. Still, this is a fun-to-drive, sporty coupe that comes standard with a long list of active safety features, and it's reasonably priced to boot. Mechanically identical to the Toyota GR86, the 2025 Subaru BRZ achieves the same safety ratings—who would have thought? It likewise received a Top Safety Pick+ score in 2022 that lapsed when the IIHS updated its criteria for 2023, but like the Toyota, it has a long list of active safety features to go along with its lightweight, rip-roaring sports car attitude. The Audi A5 lost its traditional two-door coupe body style after 2024, but the five-door Sportback body style remains before it's replaced later in 2025. Although it hasn't seen the IIHS' more stringent test regimen, its original crashworthiness scores were good enough to earn it a Top Safety Pick award as recently as 2022. The Sportback is the only variant to be tested by the government, where it earned a five-star safety rating. This story was produced by Edmunds and reviewed and distributed by Stacker. Get the latest local business news delivered FREE to your inbox weekly.Hodge scores 21 as UNC Wilmington scores 85-74 win over UNC AshevilleKota Kinabalu, Sabah–(Newsfile Corp. – November 26, 2024) – European Wellness Biomedical Group (EWBG), a global leader in regenerative medicine, led by its founder and renowned expert Prof. Mike Chan, has announced the release of groundbreaking new study on how aging impacts athletic performance . The analysis explores the physiological challenges faced by aging athletes and highlights how regenerative medicine, including stem cell advancements, can help extend athletic careers and enhance performance. “Age shouldn’t be a barrier to peak performance, with stamina and endurance,” says Prof. Mike Chan, shedding light on how regenerative medicine redefines athletic potential. The study shows that aging plays a critical role in reducing stamina, endurance, and balance in athletes — a challenge Prof. Mike Chan, founder of European Wellness Biomedical Group, believes can be tackled through regenerative medicine. His vision focuses on helping athletes defy age-related limits and achieve extended peak performance. The recent match at a major sports arena, brought renewed focus to the challenges athletes face as they age, sparking widespread interest and global conversation. The professor analyzed the fight to explore how age-related challenges impacted performance and how scientific advancements could reshape the future of sports longevity. “Aging impacts not only muscles but also critical systems like the heart, lungs, and adrenal glands, which are vital for stamina and endurance,” explained Prof. Mike Chan, founder of EWBG. “The fight exemplified how systemic aging, rather than physical conditioning alone, can influence performance in the ring.” “His performance highlighted more than physical fatigue,” Prof. Mike Chan explained. “It revealed systemic aging, affecting critical functions like the heart, lungs, and adrenal glands. Even with rigorous training, the signs of aging were unavoidable.” The Role of Aging in Athletic Performance The study highlights that an athlete’s heart begins to age around 40, with its efficiency halving by age 70. “The heart’s declining function directly impacts stamina,” he noted. “When coupled with reduced lung capacity, it limits the ability to sustain high levels of performance, particularly in endurance sports.” The study also emphasizes the role of adrenal glands, which are vital for endurance and recovery, as they face significant age-related decline. “Adrenal health is key to the bursts of energy athletes rely on during intense matches,” explained EWBG’s founder. “As these glands age, endurance diminishes, and recovery slows, affecting overall athletic output.” Prof. Mike Chan also noted the importance of brain health , highlighting how balance and reaction time can be impacted by age-related changes in the hippocampus and prefrontal cortex. “These brain regions are central to coordination, decision-making, and confidence,” he remarked. “Their decline can make it harder for athletes to maintain sharpness and composure under pressure.” Despite the challenges of aging, he expressed optimism about regenerative medicine’s potential to reverse biological aging. “At European Wellness , we focus on holistic rejuvenation of the heart, lungs, adrenal glands, and brain,” the founder explained. “This systemic approach could significantly enhance stamina, balance, and endurance during an athlete’s preparation.” Recent high-profile events have raised critical questions about the future of sports medicine . According to Prof. Mike Chan, muscles and bones start to decline by age 32, and without proactive intervention, organ function soon follows. “Regenerative medicine presents a pathway to not only extend athletic careers but also redefine what aging athletes can achieve,” he stated. About European Wellness Biomedical Group European Wellness Biomedical Group (EWBG) is a global leader in regenerative medicine, known for its expertise in stem cell therapy, immunotherapy, and tailored health programs. Through its network of advanced facilities, EWBG delivers cutting-edge solutions that empower individuals to achieve optimal health and vitality. The European Wellness Premier Center in Kota Kinabalu , Sabah, which opened in August 2024, is a 60,000-square-foot facility equipped with the latest medical technology. The center reflects EWBG’s dedication to driving advancements in regenerative medicine and addressing complex health challenges with innovative solutions. The launch marked a significant milestone for EWBG, celebrated by an audience of distinguished leaders and guests from various sectors, reflecting the center’s pivotal role in advancing regenerative medicine. The center’s reputation for excellence in regenerative medicine has attracted high-profile individuals seeking advanced treatments. Many have shared stories of improved vitality, enhanced immunity, and rejuvenation that goes far deeper than just outward appearance. These innovative treatments, rooted in regenerative science, provide a personalized pathway to optimized health, enabling individuals to overcome age-related challenges and achieve a renewed sense of purpose and well-being. Looking ahead, EWBG’s vision includes a US$80 million investment in a biopharmaceutical manufacturing facility in Sabah . This initiative is set to enhance its existing operations and further its mission of positioning Sabah as a destination for pioneering medical research and healthcare services. International Recognition Prof. Mike Chan’s influence in the field of regenerative medicine was further highlighted at a prominent European economic forum , often referred to as the “Davos of Central and Eastern Europe.” Representing the German Federal Association for Economic Development and Foreign Trade (BWA), he shared his vision for the future of regenerative medicine and its potential to address global health challenges. His international impact spans multiple continents, demonstrated by a series of high-profile engagements throughout 2024. Leading a German delegation to Baoding, China , Prof. Mike Chan secured pivotal agreements in stem cell research and education. He also contributed to advancing clinical collaborations and research seminars in the Middle East, further establishing European Wellness Biomedical Group (EWBG) as a leader in the field. In South America, Prof. Mike Chan’s consultation with a prominent academic institution opened new possibilities for integrating regenerative medicine into the region’s healthcare landscape. His participation in a renowned European medical forum on anti-aging and longevity further solidified European Wellness Biomedical Group’s (EWBG) reputation as a global leader in revolutionary medical treatments, particularly in stem cell therapy and anti- aging medicine. Professional Disclosure: The analysis provided reflects Prof. Mike Chan’s expert perspective on the physiological impact of aging in professional sports and its implications for athletic performance. For more information about cutting-edge bio-regenerative treatments and the advancements spearheaded by European Wellness Biomedical Group (EWBG), visit their official website: https://european-wellness.eu/ (Center) Prof. Mike Chan with Yolanda Hadid, Arianna Teoh, and his expert medical team at the European Wellness Premier Center at Kota Kinabalu, Sabah — a global hub for advanced anti-aging therapies About European Wellness Biomedical Group European Wellness is a global leader in regenerative medicine and integrated healthcare solutions, with a mission to empower individuals to take control of their health and well-being. With a network of 46 premier centers and a team of highly skilled, multi-national doctors from around the world, the organisation is at the forefront of the wellness revolution, delivering innovative and personalized treatments to clients worldwide. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/231334 #distro
NEW YORK (AP) — U.S. stocks closed at more records after Donald Trump’s latest talk about tariffs created only some ripples on Wall Street. The S&P 500 rose 0.6% to reach another all-time high. The Dow Jones Industrial Average added 0.3% to its own record set the day before, while the Nasdaq composite rose 0.6% as Big Tech stocks helped lead the way. Stock markets abroad saw mostly modest losses, after President-elect Trump said he plans to impose sweeping tariffs on Mexico, Canada and China as soon as he takes office. U.S. automakers and other companies that could be hurt particularly by such tariffs fell. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. NEW YORK (AP) — U.S. stocks are rising toward records Tuesday after Donald Trump’s latest talk about tariffs created only some ripples on Wall Street, even if they could roil the global economy were they to take effect. The S&P 500 climbed 0.5% and was on track to top its all-time high set a couple weeks ago. The Dow Jones Industrial Average added 81 points, or 0.2%, to its own record set the day before, while the Nasdaq composite was 0.5% higher, with less than an hour remaining in trading. Stock markets abroad were down, but mostly only modestly, after President-elect Trump said he plans to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office. Stock indexes were down 0.1% in Shanghai and nearly flat in Hong Kong, while Canada's main index edged down by just 0.1%. Trump has often praised the use of tariffs , but investors are weighing whether his latest threat will actually become policy or is just an opening point for negotiations. For now, the market seems to be taking it more as the latter. Unless the United States can prepare alternatives for the autos, energy products and other goods that come from Mexico, Canada and China, such tariffs would raise the price of imported items all at once and make households poorer, according to Carl Weinberg and Rubeela Farooqi, economists at High Frequency Economics. They would also hurt profit margins for U.S. companies, while raising the threat of retaliatory tariffs by other countries. General Motors sank 8.2%, and Ford Motor fell 2.6% because both import automobiles from Mexico. Constellation Brands, which sells Modelo and other Mexican beer brands in the United States, dropped 3.9%. Beyond the pain such tariffs would cause U.S. households and businesses, they could also push the Federal Reserve to slow or even halt its cuts to interest rates. The Fed had just begun easing its main interest rate from a two-decade high a couple months ago to offer support to the job market . While lower interest rates can boost the overall economy and prices for investments, they can also offer more fuel for inflation. “Many” officials at the Fed's last meeting earlier this month said they should lower rates gradually, according to minutes of the meeting released Tuesday afternoon. Unlike tariffs in Trump's first term, his proposal from Monday night would affect products across the board. Trump’s tariff talk came almost immediately after U.S. stocks rose Monday amid excitement about his pick for Treasury secretary, Scott Bessent. The hope was the hedge-fund manager could steer Trump away from policies that balloon the U.S. government deficit, which is how much more it spends than it takes in through taxes and other revenue. The talk about tariffs overshadowed another set of mixed profit reports from U.S. retailers that answered few questions about how much more shoppers can keep spending. They’ll need to stay resilient after helping the economy avoid a recession, despite the high interest rates instituted by the Fed to get inflation under control. Kohl’s tumbled 17.6% after its results for the latest quarter fell short of analysts’ expectations. CEO Tom Kingsbury said sales remain soft for apparel and footwear. A day earlier, Kingsbury said he plans to step down as CEO in January. Ashley Buchanan, CEO of Michaels and a retail veteran, will replace him. Best Buy fell 4.7% after likewise falling short of analysts’ expectations. Dick’s Sporting Goods topped forecasts for the latest quarter thanks to a strong back-to-school season, but its stock lost an early gain to fall 1.4%. A report on Tuesday from the Conference Board said confidence among U.S. consumers improved in November, but not by as much as economists expected. J.M. Smucker jumped 5.4% for one of the biggest gains in the S&P 500 after topping analysts' expectations for the latest quarter. CEO Mark Smucker credited strength for its Uncrustables, Meow Mix, Café Bustelo and Jif brands. Big Tech stocks also helped prop up U.S. indexes. Gains of 2.8% for Amazon and 2% for Microsoft were the two strongest forces lifting the S&P 500. In the bond market, Treasury yields rose following their big drop from a day before driven by relief following Trump’s pick for Treasury secretary. The yield on the 10-year Treasury climbed to 4.30% from 4.28% late Monday, but it’s still well below the 4.41% level where it ended last week. In the crypto market, bitcoin continued to pull back after topping $99,000 for the first time late last week. It's since dipped back toward $91,600, according to CoinDesk. It’s a sharp turnaround from the bonanza that initially took over the crypto market following Trump’s election. That boom had also appeared to have spilled into some corners of the stock market. Strategists at Barclays Capital pointed to stocks of unprofitable companies, along with other areas that can be caught up in bursts of optimism by smaller-pocketed “retail” investors. AP Business Writer Elaine Kurtenbach contributed. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. Get the latest local business news delivered FREE to your inbox weekly.I snubbed cheap hotels for this luxury Edinburgh apartment – it didn’t disappointIndia’s aviation growth story touched newer highs in 2024 with record growth in traffic, big-ticket orders, mergers and acquisitions, and customer-centric initiatives. While spiritual tourism received a fillip with the opening of Ayodhya airport in January, regional connectivity aimed higher with the launch of Goa-based carrier FLY91 in March. Two airline startups — Air Kerala and Al Hind Air — announced plans to connect Kerala with other parts of the country in 2025. The big story of the year was, of course, the consolidation in the sector. Following two sets of airline mergers at the Tata group — AIX Connect with Air India Express and Vistara with Air India — Air India has cemented its place as the country’s second largest aviation group. It made its growth ambitions clear with investments in a pilot training centre, maintenance repair and overhaul facilities, and an order for 100 new Airbus planes. Air India is locked in a fierce competition with IndiGo, which has pivoted from its no-frills brand to a hybrid carrier. SpiceJet came back from the brink, raising ₹3,000 crore fresh capital in September. The airline is now stabilising its operations and paying off vendor dues. However, it was not a happy resolution for Go First and Jet Airways, both of which entered into liquidation. Domestic airlines flew over 146 million passengers in the first 11 months of the year, registering a 6 per cent year-on-year growth. Daily passenger traffic also crossed the five-lakh mark on four occasions in the past 50 days. Airlines to furnish all details of passengers to Customs Dept from April 1 Air India plans international network expansion; Manila, Jakarta on radar Hub Strategy: Centre evaluates proposal to ease aircraft leasing norms Digiyatra, the biometric-based paperless boarding process, is now available at 24 airports countrywide. A trusted traveller programme was rolled out at Delhi airport in June for quicker immigration checks. December also saw the launch of Udan Yatri cafe at Kolkata airport, offering affordable snacks to travellers. Civil Aviation Minister Ram Mohan Naidu Kinjarapu said the cafe is a testament to the government’s vision to make air travel inclusive, affordable and accessible to all. Fliers can look forward to more new connections and improved travel experiences as airlines and airports expand their offerings in 2025. Jewar and Navi Mumbai airports will begin operations in the first half of the year, helping ease the slot constraints and on-time performance challenges faced by airlines. While Jewar airport is adding nine extra parking bays to the originally planned 25, Delhi airport is streamlining its procedures for added efficiency and expansion. These initiatives come even as domestic airlines receive new aircraft and restore their grounded fleet. Foreign airlines, too, are bullish about growth prospects. “We believe 2025 will be a pivotal year for India as it strengthens its position as a major global aviation centre, driven by increased demand and infrastructure investments,” says Shivani Singh Deo, country manager, Virgin Atlantic. Delhi International Airport Limited (DIAL) plans to launch various initiatives to enhance terminal capacity. This includes optimising resource allocation in bays, gates, and other passenger touchpoints at terminal T3. While a predictive operations centre was rolled out in Hyderabad in December, Delhi airport will also have it soon. The system leverages artificial intelligence and machine learning technologies for predictive planning of operations and real-time monitoring, a DIAL spokesperson says. Noida International Airport (NIA) has been engaging with airlines even before it bid for the concession in 2019 to help design infrastructure that works well for carriers and passengers, says its CEO, Christoph Schnellmann. “We have optimised various aspects, such as facilitating swift turnaround times, expeditious flight transfers, and minimising walking distances for passengers. Airlines from across West Asia and Southeast Asia are expressing strong interest in the airport,” he says. Comments
RumbleOn Announces Commencement of $10.0 Million Fully Backstopped Registered Rights OfferingCarlos, the Visionary Behind DNERO: A FinTech Empowering the Hispanic Community 11-26-2024 09:54 PM CET | Business, Economy, Finances, Banking & Insurance Press release from: ABNewswire Image: https://lh7-rt.googleusercontent.com/docsz/AD_4nXcyQW2SJVXP08dEshe0uaQ_Koz4LzX3bH-p2c4O4K2hH-OJUVzW1JnuPMXs8TcAU0bw-6IRHeXFTpdOzp_1VDRLf4A9nIj0pVVzkG3z5dH2tKxGqHUE7SrY7Y62THFSBUHBZKUBMQ?key=m3aQq29LSQQle-or05RdAYpZ Carlos, a born innovator, is not just leading DNERO but dedicating his life to transforming how the Hispanic community accesses financial tools. From the very beginning, his mission was clear: to break down economic barriers and pave the way for a legacy of prosperity. "My purpose with DNERO goes beyond leading a FinTech company; it's about building a legacy that transforms how the Hispanic community accesses financial tools," Carlos shares with conviction. The Origin of DNERO Image: https://lh7-rt.googleusercontent.com/docsz/AD_4nXfM2H32VWrkZJ1oN293HIHZFdbvbKoPPsXRbsytbYlZUpM0vHt_YkOihYs1A75S85n7P3xAgylXyDf_0gkhc3x8WALq0KPBP6OMLoZHjVOyPaMQSGqIIKgWumw87ERMoPKoZFRZ0A?key=m3aQq29LSQQle-or05RdAYpZ The idea for DNERO emerged from Carlos's own experiences, where he identified the economic challenges faced by Hispanic families. After 15 years of entrepreneurship-launching and selling innovative startups-he discovered his true passion: creating a FinTech tailored to the aspirations and needs of his community. DNERO is more than a platform; it's a comprehensive financial ecosystem backed by strategic partnerships with giants like Mastercard and sponsor banks. With an initial investment of $4.5M, Carlos and his team have built a tool that is changing lives. A Movement of Innovation and Community What sets DNERO apart from other platforms is not just its technology but its community-driven approach. Carlos highlights:"We understand the aspirations of Hispanic families and design solutions tailored to them. Our goal isn't just to offer financial services but to build a bridge to prosperity." Beyond impressive figures like the funds raised, Carlos's true success lies in how DNERO enables Hispanic families to achieve their dreams. Overcoming Challenges to Build Trust Image: https://lh7-rt.googleusercontent.com/docsz/AD_4nXcPuqHda19MDaAT21nuCjh9LaS9NhH0wUjpw02iarxC34h1yJSQJPjL2F9ARj5D1vSi5r5Itznzo7s4S-Uo-MyCQKamOk1m25y16kjCNR4f_UO7iesQCSaNA48Ld3DaoLxTFXaj2Q?key=m3aQq29LSQQle-or05RdAYpZ One of the biggest challenges has been the lack of trust and financial education within the Hispanic community. Carlos and his team have tackled these obstacles with transparency, commitment, and a long-term vision. The Future of DNERO: More Than a FinTech, a Legacy Carlos envisions a future where DNERO becomes a global financial movement that transforms the lives of millions of Hispanic families. His dream is to see entire communities thrive thanks to the accessible tools the platform offers. "I want DNERO to be remembered not just as a product but as a significant change in the financial history of our community," he says passionately. About DNERO DNERO is a FinTech committed to empowering the Hispanic community, offering accessible solutions that transform lives and build a financial legacy for generations to come. Learn more about DNERO: * Website: www.dneroapp.com [ https://www.dneroapp.com/ ] * Instagram: @dnero.app [ https://www.instagram.com/dnero.app/ ] * Facebook: DNERO App [ https://www.facebook.com/dneroapp.usa ] * TikTok: @dnero.app [ https://www.tiktok.com/@dnero.app ] * YouTube: DNERO App [ https://www.youtube.com/@DNEROAPP ] Media Contact Company Name: DNERO Contact Person: Maria Angelica La Verde Email:Send Email [ https://www.abnewswire.com/email_contact_us.php?pr=carlos-the-visionary-behind-dnero-a-fintech-empowering-the-hispanic-community ] Country: United States Website: http://www.dneroapp.com This release was published on openPR.
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