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NEW YORK (AP) — U.S. stock indexes got back to climbing on Wednesday after the latest update on inflation appeared to clear the way for more help for the economy from the Federal Reserve . The S&P 500 rose 0.8% to break its first two-day losing streak in nearly a month and finished just short of its all-time high. Big Tech stocks led the way, which drove the Nasdaq composite up 1.8% to top the 20,000 level for the first time. The Dow Jones Industrial Average, meanwhile, lagged the market with a dip of 99 points, or 0.2%. Stocks got a boost as expectations built that Wednesday’s inflation data will allow the Fed to deliver another cut to interest rates at its meeting next week. Traders are betting on a nearly 99% probability of that, according to data from CME Group, up from 89% a day before. If they’re correct, it would be a third straight cut by the Fed after it began lowering rates in September from a two-decade high. It’s hoping to support a slowing job market after getting inflation nearly all the way down to its 2% target. Lower rates would give a boost to the economy and to prices for investments, but they could also provide more fuel for inflation. “The data have given the Fed the ‘all clear’ for next week, and today’s inflation data keep a January cut in active discussion,” according to Ellen Zentner, chief economic strategist for Morgan Stanley Wealth Management. Expectations for a series of cuts to rates by the Fed have been one of the main reasons the S&P 500 has set an all-time high 57 times this year , with the latest coming last week. The biggest boosts for the index on Wednesday came from Nvidia and other Big Tech stocks. Their massive growth has made them Wall Street’s biggest stars for years, though other kinds of stocks have recently been catching up somewhat amid hopes for the broader U.S. economy. Tesla jumped 5.9% to finish above $420 at $424.77. It’s a level that Elon Musk made famous in a 2018 tweet when he said he had secured funding to take Tesla private at $420 per share . Stitch Fix soared 44.3% after the company that sends clothes to your door reported a smaller loss for the latest quarter than analysts expected. It also gave financial forecasts for the current quarter that were better than expected, including for revenue. GE Vernova rallied 5% for one of the biggest gains in the S&P 500. The energy company that spun out of General Electric said it would pay a 25 cent dividend every three months, and it approved a plan to send up to another $6 billion to its shareholders by buying back its own stock. On the losing end of Wall Street, Dave & Buster’s Entertainment tumbled 20.1% after reporting a worse loss for the latest quarter than expected. It also said CEO Chris Morris has resigned, and the board has been working with an executive-search firm for the last few months to find its next permanent leader. Albertsons fell 1.5% after filing a lawsuit against Kroger, saying it didn’t do enough for their proposed $24.6 billion merger agreement to win regulatory clearance. Albertsons said it’s seeking billions of dollars in damages from Kroger, whose stock rose 1%. A day earlier, judges in separate cases in Oregon and Washington nixed the supermarket giants’ merger. The grocers contended a combination could have helped them compete with big retailers like Walmart, Costco and Amazon, but critics said it would hurt competition. After terminating the merger agreement with Kroger, Albertsons said it plans to boost its dividend 25% and increased the size of its program to buy back its own stock. Macy’s slipped 0.8% after cutting some of its financial forecasts for the full year of 2024, including for how much profit it expects to make off each $1 of revenue. All told, the S&P 500 rose 49.28 points to 6,084.19. The Dow dipped 99.27 to 44,148.56, and the Nasdaq composite rallied 347.65 to 20,034.89. In the bond market, the yield on the 10-year Treasury rose to 4.27% from 4.23% late Tuesday. The two-year Treasury yield, which more closely tracks expectations for the Fed, edged up to 4.15% from 4.14%. In stock markets abroad, indexes rose across much of Europe and Asia. Hong Kong’s Hang Seng was an outlier and slipped 0.8% as Chinese leaders convened an annual planning meeting in Beijing that is expected to set economic policies and growth targets for the coming year. South Korea’s Kospi rose 1%, up for a second straight day as it climbs back following last week’s political turmoil where its president briefly declared martial law. AP Writers Matt Ott and Zimo Zhong contributed.
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MIAMI GARDENS, Fla. (AP) — The Miami Dolphins were ready to deal veteran defensive tackle Calais Campbell to the Baltimore Ravens ahead of the Nov. 5 trade deadline until Mike McDaniel stepped in. “I may or may not have thrown an adult temper tantrum,” Miami's coach said, confirming the news first reported by NFL Network Sunday morning. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.
The possibility of Seyi Tinubu running for Governor of Lagos state in the 2027 elections and succeeding Governor Babajide Sanwo-Olu has sparked debate As the son of President Bola Tinubu, his candidacy is seen as a continuation of the political influence wielded by the Tinubu family in Lagos Speaking exclusively with Legit.ng on Sunday, PDP chieftain Dare Glintstone Akinniyi criticized the current state of politics in Lagos, comparing the Tinubu family’s influence to the Bush political legacy in the U.S Don't miss out! Join Legit.ng's Sports News channel on WhatsApp now! Legit.ng journalist Esther Odili has over two years of experience covering political parties and movements. The spokesperson of the PDP National Youth Group, Dare Glintstone Akinniyi, has shared his opinion on the speculation surrounding Seyi Tinubu, the son of President Bola Ahmed Tinubu, as a potential candidate for the 2027 Lagos state governorship race. Akinniyi: Who can challenge Seyi Tinubu Akinniyi compared the Tinubu family's potential political dynasty to the Bush family's political legacy in the United States of America, where George H.W. Bush and his son, George Walker Bush, both served as presidents. Read also 2027: PDP reacts amid endorsements of Seyi Tinubu as Lagos governor, details surface In an exclusive interview with Legit.ng on Sunday, November 24, Dare Glintstone Akinniyi, Akinniyi lambasted the leadership of the PDP in Lagos state, describing them as "unserious." The PDP chieftain said: PAY ATTENTION : Standing out in social media world? Easy! "Mastering Storytelling for Social Media" workshop by Legit.ng. Join Us Live! "It appears that the Tinubu's are emulating the Bushs' political strategies in America. Where the Father and Son were 41st and 43rd Presidents of the United States, respectively. Seyi Tinubu is a Nigerian and he is qualified to be the Governor of Lagos State, after then he can try to be President of Nigeria after his Father. "If the PDP leaders are serious in Lagos, should we be discussing a Son of Bola Tinubu's endorsement? "Nigerians and indeed Lagosians are in love with his Dad and they can compensate the family with the No 1 Seat in Lagos. Is there anyone who can challenge him, if his Dad decides to make him the next Governor of Lagos state? Read also Can Seyi Tinubu govern Lagos? APC chieftain mentions real target "The last three Governors of Lagos state were handpicked by the then Senator Bola Tinubu, now President Bola Tinubu – so what is the noise about?" Akinniyi: "PDP members sign secret deals with APC, Tinubu" Speaking further, the PDP spokesperson also criticized party members, who, according to him, have been involved in behind-the-scenes negotiations with the ruling APC , thereby undermining the party’s ability to present a strong alternative candidate to challenge the APC's dominance in Lagos state. Akinniyi added: "If there are any qualified people in Lagos than the Tinubu family, they should come out and let's see them. "Is it the same Lagos where members of PDP will go behind to negotiate with Tinubu that will present a candidate to be the next Governor? Or the APC that from LG chairman down to the Governor is selected by Bola Tinubu himself? "I wish Seyi Tinubu the best of luck, if his Dad wants him to be the next Governor of Lagos." Read also Seyi Tinubu: “I’m qualified to be Lagos gov,” Obasa declares ahead of 2027, video trends Read more about Seyi Tinubu here: 2027: PDP reacts amid endorsements of Seyi Tinubu as Lagos governor, details surface Can Seyi Tinubu govern Lagos? APC chieftain mentions real target Seyi Tinubu speaks on Nigeria’s economic hardship Seyi Tinubu unfit to rule Lagos – Igbokwe Earlier, Legit.ng reported that a chieftain of the ruling APC, Joe Igbokwe, said Seyi Tinubu does not possess the required capacity to be the governor of Lagos state. Igbokwe in a Facebook post criticised those advocating for Seyi to be Lagos governor. The APC chieftain described the calls as a distraction and an attempt to pull President Tinubu down. PAY ATTENTION: Сheck out news that is picked exactly for YOU ➡️ find the “Recommended for you” block on the home page and enjoy! Source: Legit.ngHegseth meets with moderate Sen. Collins as he lobbies for key votes in the Senate
Hegseth meets with moderate Sen. Collins as he lobbies for key votes in the SenateBrock Purdy participated in the start of Thursday's practice with the 49ers but the San Francisco starting quarterback was not on the field for the majority of the workout, casting doubt over his availability to play Sunday at Green Bay. Purdy is dealing with a right shoulder injury and the 49ers are also potentially without left tackle Trent Williams and Nick Bosa due to injuries. Bosa was listed as out of Thursday's practice with an oblique injury. Williams also didn't suit up Thursday. He played through an ankle injury last week after being listed as questionable. Purdy's typical Thursday post-practice media session was scrapped until Friday as the 49ers did not make any quarterback available. Kyle Allen would step in for Purdy as the starter if he can't play against the Packers. Run game coordinator Chris Foerster said the 49ers aren't where they want to be at 5-5 because they haven't won close games, not because of injuries. "Seven games left is like an eternity," Foerster said. "So much can happen. Do the math. What was our record last year? It was 12-5. I was on a 13-win team that was nowhere near as good as the team last year." With or without Purdy, Foerster said the challenge for the 49ers is not to give up the ball to a defense that has 19 takeaways. The 49ers have 13 giveaways this season. --Field Level MediaMike McDaniel stepped in to keep Dolphins from trading veteran DT Calais Campbell to Ravens
Vancouver Canucks defenceman Hronek out eight weeks with lower-body injuryJuan Soto gets free luxury suite and up to 4 premium tickets for home games in $765M Mets dealThe world according to Jim: • As we approach the latest edition of USC vs. UCLA – in other words, a 5-5 team against a 4-6 team, their game Saturday at the Rose Bowl shunted to a 7:30 Pacific time slot so people in the Eastern half of the country who don’t have a bet on the game need not bother – the question must be asked: Are there people in those athletic departments who have buyers’ remorse over the move to the Big Ten? And will that remorse only increase as the travel horror stories involving non-football programs’ conference travel pile up? ... • Here’s a reminder of the reason for this displacement, as well as the only thing that seemingly makes it make sense: The L.A. schools are getting full shares of the Big Ten media pie, somewhere in the neighborhood of $60 million a year, as the first programs to jump the Pac-12 ship on the final day of June, 2022. Given the way former Pac-12 commissioner George Kliavkoff subsequently botched the conference’s media rights negotiations, which began the mass exodus, the L.A. schools’ move in retrospect was understandable if regrettable. ... • Hey, it is more expensive to live in L.A., right? ... • Oregon and Washington, among the last to defect, get half shares for the balance of the Big Ten contract, which runs through the spring of 2030 (although Phil Knight’s largesse almost certainly helps offset the difference at Oregon). The teams that scattered to the Big XII and Atlantic Coast Conference similarly received reduced shares from their new conferences. Oregon State and Washington State have been living off the Pac-12’s surplus and a stopgap TV deal and teamed with Octagon this week in search of a new media rights agreement for the rebuilding conference. ... • On the football field, at least, it has been an unqualified triumph for Oregon, undefeated and currently at the top of the College Football Playoff pecking order. Washington is 6-5 overall and 4-4 in the Big Ten. The L.A. schools are reduced to playing for bowl scraps. And the idea that Washington, USC and UCLA are respectively eighth, 12th and 13th in their conference is its own special kind of culture shock. ... • We’ve had more than a year to get used to it, but I still miss the old Pac-12 and its regional rivalries. That’s not going to change for a good, long while. ... • Meanwhile, Ole Miss’ Lane Kiffin said the quiet part out loud the other day, as he is prone to do. His team’s on a heater – 8-2 overall, 4-2 in the SEC, No. 9 in the last College Football Playoff rankings and winner of three in a row, including a 28-10 thumping of then-No. 3 Georgia. Yet in an expanded SEC that – like the Big Ten – no longer has divisions and sends its first- and second-place teams to the conference championship game, Kiffin said he wanted no part of that 13th game and a potential third loss that would knock his team out of playoff contention. He indicated other SEC coaches had similar feelings. ... • In other words: The bloated nature of the current Power Four conferences – and, as former colleague Mark Whicker noted in his Substack column, the realization that contenders don’t all play each other because of that bloat – has already made the 12-team playoff unwieldy and borderline obsolete. Nice work, guys. ... • And let the empha$i$ on the bottom line, both among athletic programs and among those players getting NIL money, be one more reminder that the NCAA’s insistent reference to “student athletes,” parroted by its member schools, is as big a fallacy as ever and maybe more so. Reverse the order of that phrase and it’s closer to the truth. ... • The other aspect of what at first glance seems to be a diminished crosstown rivalry – at least until the game starts and the emotions on the field take over – is that one coach, UCLA’s DeShaun Foster, is digging out from the Chip Kelly era, and his team has already displayed progress this season. The other, USC’s Lincoln Riley, is drawing comparisons to predecessor Clay Helton among some alumni – and that’s not good. ... • The Rams will be honoring their 1999 team, which won the franchise’s first Super Bowl for St. Louis, at Sunday evening’s game against Philadelphia at SoFi Stadium. And if you are an L.A. Rams fan, all in on the team once again, do you really care about the ’99 champs, never mind willing to celebrate them? Or is there still a void between the team’s departure for St. Louis in 1995 and its return to Los Angeles in 2016? ( The Reddit conversation from this past May, “What Is Your Opinion of Georgia Frontiere,” indicates where longtime L.A. Rams fans stand on this.) ... • From the “things I wish I’d written” file, Washington Post columnist Sally Jenkins’ wonderful description of the monstrosity that was the Jake Paul-Mike Tyson “fight” a week ago: “Was Jake Paul’s not the most punchable face in the history of punched faces? It was a face with all the character and lived experience of a canned ham. It was the consummate face of an influencer, with all the smirky grifting in search of the lux life that term suggests. There wasn’t a hint of true toughness — much less truth — in it. Just blandness cloaked in a poseur-pharaoh’s beard and topped by some box-color bleached curls, and God did you ever want Mike Tyson to put his very real fist in it.” Priceless. ... • The ball from Freddie Freeman’s World Series Game 1 walkoff grand slam, grabbed by 10-year-old Zachary Ruderman of Venice – who was told he was leaving school early that Friday to go to a orthodontist’s appointment only to have his dad take him to Dodger Stadium instead – is going to be auctioned off by SCP Auctions from Dec. 4-14. It should fetch seven figures, easy, maybe even more than the $4.392 million top bid last month for Shohei Ohtani’s 50th home run (which is currently held up by a dispute over who actually had the right to auction it). ... • If I could afford to make the winning bid on Freeman’s ball – and if I actually could, you wouldn’t be reading this column – I’d lend it to the Dodgers to prominently display among their MVP and Cy Young and Silver Slugger trophies, with the stipulation that it would eventually go to the Hall of Fame. That’s where it belongs. Now if someone could just find the Kirk Gibson ball from 1988. ... jalexander@scng.com
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Saturday’s Ohio State-Michigan game ended in shock for many, but what happened after the final whistle is what most fans will likely remember most. Down their best offensive and defensive player in tight end Colston Loveland and cornerback Will Johnson, respectively, unranked Michigan went into Columbus and knocked off the No. 2-ranked Buckeyes. During their postgame celebration, the Wolverines gathered at midfield and planted their school flag at midfield, which started a brawl between the two teams. Things got out of hand quickly, and police were forced to use some pepper spray to keep things from escalating any further. Videos started going viral of several players with mace in their eyes on the sidelines after the brawl was broken up, and one of the players who was on the receiving end of it was Michigan defensive end Josaiah Stewart, who tweeted the details of exactly what happened to him before deleting it moments later. “Got maced, beer thrown at my face hit by a fan all in 5 min what a state 😂 #2-0,” Stewart wrote. It’s not known why Stewart deleted his tweet, but it likely had something to do with not drawing more negative attention to what transpired on the field, especially since many consider Michigan to be the instigator of what happened. While no one is disputing the legitimacy of what Stewart claims happened to him, the videos circulating on social media back up the mace part, but there were no videos (at least at time of publication) showing him getting struck by a fan or having beer thrown at him. Two other Michigan players — running back Tavierre Dunlap and linebacker Jason Hewlett — were seemingly maced as well, and multiple reports indicated that a few Ohio State players were maced as well.Republican Senator Markwayne Mullin of Oklahoma has placed a hold on the promotion of Lieutenant General Christopher Donahue, who oversaw the final withdrawal of US troops from Afghanistan in 2021. According to a CBS News report, Mullin’s action is intended to allow President-elect Donald Trump’s incoming administration and the newly Republican-controlled Congress to weigh in on the matter. Donahue, the last American soldier to leave Afghanistan, was set to be promoted to a four-star general and take command of US Army Europe. His promotion is part of nearly 1,000 military nominations awaiting Senate approval. By delaying the process, Mullin has effectively stalled Donahue’s elevation, citing concerns tied to his role in the contentious withdrawal from Afghanistan. The 2021 withdrawal, executed under an agreement between the Trump administration and the Taliban, aimed to end America’s two-decade presence in the country. The agreement required the Taliban to refrain from terrorist activities, a condition they ultimately violated. Despite this, the Biden administration proceeded with the withdrawal, which saw the evacuation of approximately 125,000 individuals, including 6,000 Americans. The operation was overshadowed by a suicide bombing outside Kabul’s Hamid Karzai Airport that killed 13 US service members and scores of Afghans. Some military officials have, however, expressed frustration over Mullin’s hold, viewing it as politically motivated with efforts reportedly underway to resolve the standoff and secure Donahue’s promotion. ALSO READ TOP STORIES FROM NIGERIAN TRIBUNE Get real-time news updates from Tribune Online! Follow us on WhatsApp for breaking news, exclusive stories and interviews, and much more. Join our WhatsApp Channel now
Trump wants pardoned real estate developer Charles Kushner to be ambassador to FranceIt’s almost that time of year! Spotify is gearing up to release its annual Wrap and netizens are excited to check out their 2024 recap. Soon, social media will be filled with colorful, shareable graphs showcasing users' musical tastes in unexpected ways. Spotify has been giving its listeners breakdowns of their data since 2016. And each year, it’s become a bigger production — and internet sensation. Spotify Wrapped 2024 The 2023 wrap was named 'biggest ever created' by Spotify and users cannot wait for the 2024 wrap and the expectations are higher, obviously. Spotify Wrapped usually arrives around November end or early December giving users a snapshot of their music preferences. Wraps also include global slides with data from all users, showing the most-streamed songs, artists, and playlists in different parts of the world. The campaign has become a social media sensation, as people share and compare their Wrapped data with their friends and followers online. Users learn their top artists, songs, genres, albums and podcasts, all wrapped into one interactive presentation. Most Streamed Artist Spotify also creates a series of playlists that reflect national and global listening trends, featuring the top streamed artists and songs. In 2023, Taylor Swift was most streamed artist, users cannot wait to check who is on number 1 this year. YouTube Music, meanwhile, has a similar end-of-the-year release for its listeners, as well as periodic seasonal releases throughout the year. It released its annual Recap for users earlier this month. Same is with Apple Music, it even gives out Monthly lists! Get Latest News Live on Times Now along with Breaking News and Top Headlines from Hollywood, Entertainment News and around the world.
PHILADELPHIA (AP) — Nick Dorn's 21 points helped Elon defeat Navy 69-63 on Saturday night. Dorn shot 6 of 15 from the field, including 6 for 13 from 3-point range, and went 3 for 4 from the line for the Phoenix (4-3). TK Simpkins scored 20 points while shooting 6 for 14 (4 for 7 from 3-point range) and 4 of 4 from the free-throw line and added six rebounds. TJ Simpkins had 15 points and shot 4 of 11 from the field, including 0 for 3 from 3-point range, and went 7 for 10 from the line. The Midshipmen (3-5) were led by Austin Benigni, who recorded 18 points. Sam Krist added 12 points and two steals for Navy. Cam Cole also recorded 11 points. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .US lawmakers voted Wednesday after fraught negotiations to move forward with a contentious 2025 defense budget that raises troops' pay but blocks funding of gender-affirming care for some transgender children of service members. The centerpiece of the $884 billion National Defense Authorization Act (NDAA) -- which was green-lit by the Republican-led House of Representatives but still needs Senate approval -- is a 14.5 percent pay increase for junior enlisted service members and 4.5 percent for other personnel. But talks over the 1,800-page-plus text were complicated by a last-minute Republican intervention to prevent the military's health program from covering gender-affirming care for children of service members if it results in "sterilization." "Citizens don't want their tax dollars to go to this, and underaged people often regret these surgeries later in life," Nebraska Republican Don Bacon told CNN. "It's a bad hill to die on for Democrats." Gender-affirming health care for children is just one of multiple fronts in the so-called "culture wars" that polarize US politics and divide the country, with Republicans using the issue as a cudgel against Democrats in November's elections. The funding block angered progressives, and prompted the top Democrat on the House Armed Services Committee to come out against the legislation. "As I said a few days ago, blanketly denying health care to people who need it -- just because of a biased notion against transgender people -- is wrong," Adam Smith, who represents a district in Washington state, said in a statement. "The inclusion of this harmful provision puts the lives of children at risk and may force thousands of service members to make the choice of continuing their military service or leaving to ensure their child can get the health care they need." Smith slammed House Speaker Mike Johnson for pandering to "the most extreme elements of his party" by including the transgender provision. The must-pass NDAA -- a bill that Congress has sent to the president's desk without fail every year since 1961 -- cleared the chamber in a 281-140 vote and now moves to the Senate, with final passage expected next week. The topline figure is one percent above last year's total and, with funding from other sources, brings the total defense budget to just under $900 billion. Some foreign policy hawks on the Republican side of the Senate wanted $25 billion more for the Pentagon but they are still expected to support the bill. "The safety and security of the American people is our top priority, and this year's NDAA ensures our military has the resources and the capabilities needed to remain the most powerful fighting force on the planet," Johnson told reporters. ft/mlmKnight stops 20 shots, Florida rolls past Carolina 6-0 for 2nd win over 'Canes in as many daysMainstreet Bancshares chief risk officer sells $52,779 in stock