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Scotiabank Raises Fortinet, Inc. (FTNT) Price Target to $110, Highlighting AI-Driven Growth and Hardware Refresh CycleIn a sea of controversial choices for his second term, President-elect Donald Trump’s expected pick to head the treasury , Scott Bessent, is being welcomed by Wall Street with open arms as financial markets rallied Monday on the news. The euro rose 1% and Canada’s main stock index hit a record high, while the S&P 500 gained 0.2% in midday trading, the Dow Jones Industrial Average was up .7%, and the Nasdaq Composite index climbed .2%. Bessent, a 62-year-old hedge fund manager, is being called “a safe pair of hands ” as many analysts believe he will temper Trump’s more extreme economic views, especially on tariffs , while still supporting tax cuts and cutting the fiscal budget. In effect, they hope Bessent be a voice of reason in the president’s ear. (Trump has pledged to slap a 20% tariff on imports into the U.S. and up to 60% on products from China in order to pay for his deep tax cuts, which critics say will only end up jacking up prices on many products for American consumers.) “News that Scott Bessent is the top choice for incoming U.S. treasury minister has raised the possibility that some ‘Trump trades’ may be watered down,” analysts at Rabobank said in a research note, as reported by CNBC . As secretary of the treasury, Bessent would serve as Trump’s top economic policy advisor. The treasury secretary is basically the chief financial officer (CFO) of the government. If confirmed, he will have to address the federal debt limit, the expiring provisions of Republicans’ 2017 tax cut package, and the president-elect’s promise for greater deregulation and a withdrawl from key global agreements . | What’s interesting about Bessent is that, for many years, he worked for billionaire George Soros’s investment firm. Soros, a well-known Democrat and progressive, is famous for two things: shorting the British pound in 1992, making $1 billion, and supporting liberal political causes through his Open Society Foundation, which works to support global democracy. In fact, Bessent himself was a Democratic donor who raised money in the 2000 presidential campaign for Vice President Al Gore, according to the New York Times . If confirmed, Bessent would be the first openly gay treasury secretary, according to The New Yorker , which is notable given the other current Trump cabinet nominees, many of whom are openly socially conservative. And in regard to LGBTQ+ rights, Trump has already said he will reverse President Joe Biden’s protections for transgender people . The application deadline for Fast Company’s World Changing Ideas Awards is Friday, December 6, at 11:59 p.m. PT. Apply today.
NEW YORK (AP) — Thousands of Microsoft 365 customers worldwide reported having issues with services like Outlook and Teams on Monday. In social media posts and comments on platforms like outage tracker Downdetector, some impacted said that they were having trouble seeing their emails, loading calendars or opening other Microsoft 365 applications such as Powerpoint. acknowledged “an issue impacting users attempting to access Exchange Online or functionality within Microsoft Teams calendar” earlier in the day. In updates on X, the social media platform formerly known as Twitter, the company's status page said it identified a “recent change” that it believed to be behind the problem — and was working to revert it. Microsoft shared that it was deploying a fix — which, as of shortly before noon E.T., it had reached about 98% of “affected environments.” Still, the company’s status page later , targeted restarts were “progressing slower than anticipated for the majority of affected users.” As of midday Monday, Downdetector showed thousands of outage reports from users of , particularly . The Associated PressSyrian insurgents reach the capital's suburbs. Worried residents flee and stock up on supplies
ROSEN, A TOP-RANKED LAW FIRM, Encourages Chipotle Mexican Grill, Inc. Investors to Secure ...By ADAM GELLER Associated Press , CATHY BUSSEWITZ Associated Press , and MICHAEL LIEDTKE Associated Press NEW YORK -- He's one of the most famous corporate leaders in the world, delivering products embraced by billions. But it's the haters that companies like Mark Zuckerberg's Meta worry about. In an era when online anger and social tensions are increasingly directed at the businesses consumers count on, Meta last year spent $24.4 million on guards, alarms and other measures to keep Zuckerberg and the company's former chief operating officer safe. Some high-profile CEOs surround themselves with security. But the fatal shooting this week of UnitedHealthcare CEO Brian Thompson while he walked alone on a New York City sidewalk has put a spotlight on the widely varied approaches companies take in protecting their leaders against threats. Thompson had no personal security and appeared unaware of the shooter lurking before he was gunned down. And today's political, economic and technological climate is only going to make the job of evaluating threats against executives and taking action to protect them even more difficult, experts say. "We are better today at collecting signals. I'm not sure we're any better at making sense of the signals we collect," says Fred Burton of Ontic, a provider of threat management software for companies. After Thompson's shooting, Burton said, "I've been on the phone all day with some organizations asking for consultation, saying, 'Am I doing enough?" Since the killing, some health insurers have taken steps to safeguard their executives and rank-and-file workers. Medica, a Minnesota-based nonprofit health care firm, said Friday it is temporarily closing its six offices for security reasons and will have its employees work from home. "Although we have received no specific threats related to our campuses, our office buildings will be temporarily closed out of an abundance of caution," the company said in a statement. A Medica... ADAM GELLER Associated Press , CATHY BUSSEWITZ Associated Press , MICHAEL LIEDTKE Associated PressWinston's performance in snowy win over Steelers adds new layer to Browns' quarterback conundrum
As they gear up for Saturday's crucial matchup against the Cincinnati Bengals, the Denver Broncos' injury situation is overwhelmingly positive. After logging three full practices this week, starting cornerback Riley Moss is expected to return to the lineup after missing Denver's last three games with an MCL injury. Moss will give the Broncos' secondary a big boost, and it's just in time as it faces the Bengals' No. 1 ranked passing offense. Also expected to return is running back Jaleel McLaughlin, who suffered a quadriceps injury against the Indianapolis Colts two weeks ago. He provides Denver's offense with some needed speed, and is averaging a stellar 4.5 yards per carry this season. McLaughlin could be joined by a potentially returning Tyler Badie in the Broncos' backfield. After missing the previous 12 games on injured reserve with a scary back injury that he suffered against the New York Jets in Week 4, Badie's 21-day practice window was opened on Tuesday. He practiced in full from Tuesday-Thursday, but is listed as questionable. If Denver's brass feels as though Badie is up to speed and can absorb hits, he should be able to play. As you can see below, Badie is the only Broncos with an injury designation heading into Cincinnati. RB Tyler Badie Back Questionable RB Jaleel McLaughlin Quad CB Riley Moss Knee WR Troy Franklin Ankle If Denver can beat the Bengals in Week 17, it will clinch it's first playoff berth since 2015. The No. 7 seed Broncos could jump as high as the No. 5 seed by season's end, but need to finish with a better record than both the Los Angeles Chargers and Pittsburgh Steelers since the two own tiebreakers over Denver. This article first appeared on A to Z Sports and was syndicated with permission.