Shares of industrial and transportation companies outperformed the broader market. Industrials and small caps tend to be economically sensitive, and traders are hoping both will benefit from positive business sentiment and looser regulations during the second Trump administration. Honeywell International has agreed to sell its personal-protective-equipment business to a private-equity firm's portfolio company for $1.33 billion in cash. The industrial conglomerate said it would sell the PPE unit to Protective Industrial Products, a portfolio company of Odyssey Investment Partners. An investment vehicle co-led by the head of Roadrunner Transportation Systems is buying most of activist Elliott Investment Management's stake and returning the trucker to the mergers and acquisitions game that hobbled it a decade ago. Write to Patrick Sullivan at patrick.sullivan@wsj.comNone
(The Center Square) – More than 1,000 miles from the US-Mexico border, Nebraska is grappling with illegal border crosser crime and local communities have been impacted by a surge of foreign nationals. Immigration, both legal and illegal, is not new to the rural town of Fremont, with roughly 27,000 residents located roughly 45 minutes from Omaha. It’s home to several thousand Guatemalans who’ve arrived to primarily work in large meat processing plants. Residents were so overwhelmed by foreign nationals that in 2010 they overwhelmingly passed an ordinance, Ordinance 5165, to require all renters to sign a declaration that they were in the country legally. The ordinance has held up in court. By 2021, a fraudulent document ring had been uncovered in the town, the U.S. Attorney’s Office District of Nebraska said last year. A 42-year-old foreign national was arrested and sentenced for conspiracy to produce and transfer fraudulent documents. After serving time, he was ordered to be deported. The investigation uncovered an identity theft conspiracy using a deceased person’s Social Security number that was used to make fraudulent Social Security cards, state driver’s licenses, and lawful permanent resident cards. Investigators found hundreds of counterfeit federal and state identity cards as part of their investigation. Two others involved in the scheme, one living in Nebraska, and the other in California, were sentenced to roughly two years in prison for their roles. The head of Nebraska’s Department of Motor Vehicles fraud unit said he wasn’t surprised by the fraud ring location, telling NBC News, “A good majority of our cases are usually in and around cities and towns with meatpacking plants.” Several recently announced cases by the US Attorney’s Office District of Nebraska paint a broader picture. In one recent case, a man from Sinaloa, Mexico, home to the Sinaloa Cartel, was sentenced on methamphetamine possession charges. A coconspirator was sentenced to more than 11 years. In another announcement earlier this month, a Mexican national was sentenced to more than 11 years in prison on meth-related charges. Others relate to illegal foreign national men sentenced on drug charges. Other crimes also vary. According to a U.S. Immigration and Customs Enforcement (ICE) announcement in March, North Platte Police Department officers arrested a Honduran fugitive wanted for homicide. He was initially arrested for driving a vehicle without a license, but the officers contacted ICE, which promptly lodged a detainer request with the Lincoln County jail. ICE then arrested, detained and placed him into removal proceedings. In July, Stanton County Sheriff Mike Unger announced the arrest of an illegal foreign national in a traffic stop claiming to be from Houston, Texas. He was wanted on five felony charges in Indiana. He was arrested and jailed on the felony arrest warrant pending extradition to Indiana. In October, in Lincoln County, Nebraska State Patrol announced they arrested three Mexican men for possession of methamphetamine, possession with the intent to deliver a hazardous drug, and intentional child abuse-no injury. When they were arrested, two small children were with them. Last August, the Lancaster County Sheriff’s Office announced the arrest of a Guatemalan man who allegedly starved and sexually abused his 17-year-old daughter. After illegally entering the country in early 2023, he “made arrangements [with human smugglers] for his daughter to be illegally brought into the United States from Guatemala and transported to him without her consent. Since arriving at the home in Lancaster County around July 16, 2023, [the man] allegedly forced the victim to work inside and outside of the home to repay the debt incurred for the transportation. The victim also reported that food had been withheld from her for five days prior to contact with Sheriff’s Deputies. The investigation also revealed that the victim was subjected to sexual contact by Gomez-Lopez,” the sheriff’s office said. These are just a few examples of hundreds. According to a legislative report released last month, 280 alleged criminal illegal border crossers are being detained in Nebraska Department of Correctional Services facilities. They all have ICE detainer requests. Most ICE detainees in NDCS custody are incarcerated for violent or drug offenses, according to the report, including 54% for sex offenses, 13.6% for homicide, 10.4% for assault, and 7.5% for drug offenses. CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER ICE detainer requests are placed on removable non-citizens who’ve been arrested on criminal charges and are in the custody of state or local law enforcement agencies. They request local jurisdictions to hold the alleged offenders until ICE can apprehend them, to cooperate with ICE to transfer them to federal custody, and to notify ICE if for some reason they are released. Many Democratic-run jurisdictions have refused to cooperate with ICE, including one of the largest jurisdictions in Texas, The Center Square reported. President-elect Donald Trump’s deportation plan involves removing the most violent offenders from the country first, including those with ICE detainers, The Center Square has reported. Those that don’t comply are likely to face federal prosecution under his plan.Breckenridge plans to build its ‘last’ neighborhood, complete other projects in 2025 as it faces a $23 million cash deficit
UK Finance Ministry Targets Waste Reduction in Public Spending OverhaulA nine-year-old child who was the subject of an Amber Alert on Wednesday afternoon was found safe and sound. Sûreté du Québec (SQ) posted the update to social media about 40 minutes after the alert was issued. The child was missing from Marieville, in the Montérégie region about 30 kilometres southeast of Montreal, and was found in Montreal. The SQ says the investigation continues and thanks the public for their cooperation. They did not provide further details.
Rule can be applied to politics, as seen from Trump’s Cabinet picksGREENSBORO, N.C. (AP) — Matthew Downing threw for two touchdowns and ran for another to lead Elon to a 31-21 season-ending win over North Carolina A&T on Saturday. The game was tied at 7 in the second quarter when the Phoenix turned a fumble recovery into a field goal. That started a string of four-straight scoring possessions. Downing was 16 of 21 for 203 yards. Chandler Brayboy had 12 receptions for 118 yards with a score. Rushawn Baker ran for 106 yards for the Phoenix (6-6, 5-3 Coastal Athletic Association). Julian Bumper also had a 10-yard rushing touchdown on his only carry and Jamarien Dalton had a 30-yard receiving touchdown on his only catch. Freshman Cortez Lane returned a kickoff 97 yards for a touchdown for the Aggies (1-11, 0-8), who lost their 11th straight. Justin Fomby threw for 190 yards and a touchdown pass to Daniel Cole and Shimique Blizzard ran for 87 yards and a TD. AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football . Sign up for the AP’s college football newsletter: https://apnews.com/cfbtop25Fast Attack Craft Market 2024 Opportunity Assessment, Production Analysis, Growth Rate And Forecast To 2033
(Source: Nasdaq) The S&P 500 and the Nasdaq were slightly lower on Monday after notching record closing highs in the previous session, as losses in chip stocks including Nvidia weighed, while investors awaited a key inflation report this week. The consumer prices index (CPI) data due on Wednesday is among the last major datasets ahead of the Federal Reserve’s Dec. 17-18 meeting and could influence the central bank’s monetary policy path. “The thing to watch will be any hint or evidence that core CPI might moderate into 2025 because the Fed will have a hard time continuing to cut at the pace they’re on now,” said Ross Mayfield, investment strategist at Baird. Bets of a 25-basis-point rate cut at the upcoming meeting shot up to more than 89% after data on Friday showed a rise in the unemployment rate to 4.2% in November, pointing to an easing labor market. A host of Fed officials including Chair Jerome Powell last week said that the central bank could afford to be more cautious with its monetary policy easing path, given the resilience of the economy. At 9:39 a.m. ET, the Dow Jones Industrial Average (.DJI), rose 58.66 points, or 0.13%, to 44,701.18, the S&P 500 (.SPX), lost 6.85 points, or 0.11%, to 6,083.42 and the Nasdaq Composite (.IXIC), lost 32.29 points, or 0.16%, to 19,827.48. Nvidia (NVDA.O), opens new tab was last down 2.4% after China’s market regulator said it had opened an investigation into the company over suspected violation of the country’s antimonopoly law, knocking a gauge of semiconductor stocks (.SOX), opens new tab down 0.3%. Another big decliner amongst chips was Advanced Micro Devices (AMD.O), which fell 3.3% as BofA Global Research downgraded its rating on the stock to “neutral” from “buy”. Seven of the 11 major S&P sectors were trading lower, with utilities (.SPLRCU), at the helm of losses with a 0.6% fall. Wall Street’s main indexes kicked off December on a broadly positive note, with the benchmark S&P 500 (.SPX), and the tech-heavy Nasdaq (.IXIC), logging gains in their first week, while the blue-chip Dow (.DJI), ended the week marginally lower. U.S. equities surged in November as Donald Trump’s victory in the presidential election and his party sweeping both houses of Congress raised expectations of a friendlier policy stance towards companies. Among notable movers on Monday, Workday (WDAY.O), opens new tab and Apollo Global Management (APO.N), added 8.1% and 3.5%, respectively, on their planned inclusion into the S&P 500 index. Interpublic Group (IPG.N), opens new tab advanced 9.5% after a report said marketing conglomerate Omnicom (OMC.N), was in advanced talks to acquire the advertising company. Omnicom shares were down 6%. U.S.-listed shares of Chinese companies gained after the Chinese Politburo hinted at a shift to looser monetary policy next year and more proactive fiscal policy to spur economic growth. Alibaba was up 8%, PDD Holdings (PDD.O), climbed 11.3% and Baidu added 7.1%. Advancing issues outnumbered decliners by a 2.16-to-1 ratio on the NYSE and by a 1.9-to-1 ratio on the Nasdaq. The S&P 500 posted 14 new 52-week highs and one new low, while the Nasdaq Composite recorded 64 new highs and 15 new lows. Source: Reuters (Reporting by Purvi Agarwal and Shashwat Chauhan in Bengaluru; Editing by Devika Syamnath and Maju Samuel)Eastern Co CFO Nicholas Vlahos buys $14,463 in stock
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U.S. stocks climbed after market superstar Nvidia and another round of companies said they’re making even fatter profits than expected. The S&P 500 pulled 0.5% higher Thursday after flipping between modest gains and losses several times in the morning. The Dow Jones Industrial Average jumped 1.1%, and the Nasdaq composite edged up less than 0.1%. Banks, smaller companies and other areas of the stock market that tend to do best when the economy is strong helped lead the way, while bitcoin briefly broke above $99,000. Crude oil, meanwhile, continued to rise. Treasury yields edged higher in the bond market. On Thursday: The S&P 500 rose 31.60 points, or 0.5%, to 5,948.71. The Dow Jones Industrial Average rose 461.88 points, or 1.1%, to 43,870.35. The Nasdaq composite rose 6.28 points, or less than 0.1%, to 18,972.42. The Russell 2000 index of smaller companies rose 38.48 points, or 1.7%, to 2,364.02. For the week: The S&P 500 is up 78.09 points, or 1.3%. The Dow is up 425.36 points, or 1%. The Nasdaq is up 292.30 points, or 1.6%. The Russell 2000 is up 60.18 points, or 2.6%. For the year: The S&P 500 is up 1,178.88 points, or 24.7%. The Dow is up 6,180.81 points, or 16.4%. The Nasdaq is up 3,961.07 points, or 26.4%. The Russell 2000 is up 336.94 points, or 16.6%.
Over 7,000 Youth Engaged In CPF's 'Foundation In The Governorates' CampaignHow major US stock indexes fared Thursday, 11/21/2024