Trump asks Supreme Court to delay TikTok ban so he can weigh in after he takes officeDonald Trump has submitted a filing to the Supreme Court regarding the TikTok case brought by the Justice Department, which the court will decide in the coming session. The lawsuit brought by the DOJ alleges "violations of the Children’s Online Privacy Protection Act and its implementing regulations (COPPA)." Trump's lawsuit comes amid conversations about national security around the app. The concern addressed by Congressional legislation is that TikTok is influenced by the Chinese government, which the U.S. views as nefarious and fearful that it could flex its control to influence elections . The app is also used to collect data and information on Americans while also allowing for the injection of malicious software by China . ALSO READ: Why Truth Social perfectly explains Donald Trump "In light of these interests—including, most importantly, his overarching responsibility for the United States' national security and foreign policy—President Trump opposes banning TikTok in the United States at this juncture, and seeks the ability to resolve the issues at hand through political means once he takes office," the filing says. It goes on to quote Trump's post on Truth Social on Sept. 4, 2024, which said, "FOR ALL THAT WANT TO SAVE TIKTOK IN AMERICA, VOTE TRUMP!" It then claims that "Trump alone possesses the consummate dealmaking expertise, the electoral mandate, and the political will to negotiate a resolution to save the platform while addressing the national security concerns expressed by the Government—concerns which President Trump himself has acknowledged. ... Indeed, President Trump's first Term was highlighted by a series of policy triumphs achieved through historic deals, and he has a great prospect of success in this latest national security and foreign policy endeavor." Lawyer Bob Loeb posted the filing on Bluesky and was asked by Reuters legal reporter Alizon Frankel if he could think of any other case in history in which a president-elect "filed a brief advocating for a particular outcome in a pending Supreme Court case." Loeb noted another excerpt in which Trump's lawyers write, "In light of the novelty and difficulty of this case, the Court should consider staying the statutory deadline to grant more breathing space to address these issues. ... Such a stay would vitally grant President Trump the opportunity to pursue the political resolution that could obviate the Court's need to decide these constitutionally significant questions." Former Justice Department and Homeland Security lawyer Eric Columbus pointed out , "Not the main point but someone should have stricken that 'vitally.'" "I honestly thought this was satire when Bob first posted it," remarked Michigan Law Professor Leah Litman on Bluesky. "The Trump amicus brief in the TikTok case is wild, not the least of which is because it explicitly is premised on 'I'll be president soon' and because the brief — full of puffery (at best) — is authored by his choice for solicitor general, D. John Sauer," pointed out legal analyst Chris Geidner.
Mates in line for mammoth $70k payday if Aussie boxing star can pull off ‘Monster’ upsetFaruqi & Faruqi Reminds Sun Communities Investors Of The Pending Class Action Lawsuit With A Lead Plaintiff Deadline Of February 10, 2025 – SUINew Delhi: Following a murderous attack on a businessman in east Delhi and a youth dying after being stabbed in the southeast part of the capital, AAP national convener Arvind Kejriwal targeted BJP govt in the centre over "worsening" law and order situation in the city. Kejriwal alleged that there was a growing sense of fear among residents in light of a shooting incident in Vishwas Nagar and a stabbing in Govindpuri area on Saturday morning. "The law and order situation in Delhi has deteriorated significantly. How did the criminals become so bold and fearless to shoot someone in broad daylight and escape?" Kejriwal questioned. He said that businessmen in Delhi were regularly receiving extortion calls and threats. Police arrest the shooters, but the actual gangsters and masterminds roam free, the former Delhi CM alleged. "Ensuring public safety is the central govt's responsibility... and they have completely failed," Kejriwal said. He claimed that if Rohingyas and Bangladeshis managed to infiltrate the country, it was also the central govt's failure. "The people of Delhi must unite and raise their voices," he added. In a padyatra in south Delhi's Malviya Nagar later in the evening, Kejriwal claimed that his govt brought about reforms in governance in the last decade. He urged people to vote for AAP in the upcoming polls for "continued progress". Delhi BJP president Virendra Sachdeva said criminal incidents were a matter of concern, but alleged that Kejriwal was using them for political gains. "When people demand answers on irregularities in the construction of CM residence, liquor scam, 52 deaths caused by waterlogging and electrocution during monsoon, and the worsening condition of roads, Kejriwal diverts attention by using unfortunate criminal incidents as a political shield to avoid accountability," Sachdeva alleged. "Kejriwal calls the fight between two minors in school a criminal incident but maintains silence on organised crimes involving his own party members," Sachdeva said. Delhi Congress president Devender Yadav said instead of asking his own govt to take steps to ensure the safety and security of people, Kejriwal was indulging in "cheap politics". Stay updated with the latest news on Times of India . Don't miss daily games like Crossword , Sudoku , and Mini Crossword .
The Latest: UnitedHealthcare shooting suspect contests his extradition back to New York Manhattan police have obtained a warrant for the arrest of 26-year-old Luigi Nicholas Mangione , suspect in the killing of UnitedHealthcare CEO Brian Thompson . Canadian Press Dec 10, 2024 1:31 PM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message Suspect Luigi Mangione is taken into the Blair County Courthouse on Tuesday, Dec. 10, 2024, in Hollidaysburg, Pa. (Benjamin B. Braun/Pittsburgh Post-Gazette via AP) Manhattan police have obtained a warrant for the arrest of 26-year-old Luigi Nicholas Mangione , suspect in the killing of UnitedHealthcare CEO Brian Thompson . Mangione was arrested at a McDonald’s in Altoona, Pennsylvania, while carrying a gun, mask and writings linking him to the ambush. Mangione is being held without bail in Pennsylvania on charges of possession of an unlicensed firearm, forgery and providing false identification to police. Late Monday, Manhattan prosecutors charged him with five counts, including murder, criminal possession of a weapon and criminal possession of a forged instrument. Here's the latest: The White House condemns the ‘horrific’ killing of UnitedHealthcare’s CEO White House press secretary Karine Jean-Pierre says “violence to combat any sort of corporate greed is unacceptable” and the White House will “continue to condemn any form of violence.” She declined to comment on the investigation into the Dec. 4 shooting death of UnitedHealthcare CEO Brian Thompson or reports that writings belonging to the suspect, Luigi Mangione, said insurance companies care more about profits than their customers. “This is horrific,” Jean-Pierre said of the fatal shooting of Thompson as he walked in Manhattan. Mangione leaves the courthouse He didn’t appear to say anything as deputies led him to a waiting car outside. New York Gov. Kathy Hochul issues a statement on the shooting “I’m deeply grateful to the men and women of law enforcement whose efforts to solve the horrific murder of Brian Thompson led to the arrest of a suspect in Pennsylvania,” Gov. Hochul said in the statement. “I am coordinating with the District Attorney’s Office and will sign a request for a governor’s warrant to ensure this individual is tried and held accountable. Public safety is my top priority and I’ll do everything in my power to keep the streets of New York safe.” New York Gov. Kathy Hochul will issue a governor’s warrant for Mangione so he can stand trial in NY That’s according to a spokesperson for the governor who said Gov. Hochul will do it as soon as possible. From wealth and success to murder suspect, the life of Luigi Mangione took a hard turn Luigi Nicholas Mangione, the suspect in the fatal shooting of a healthcare executive in New York City, apparently was living a charmed life: the grandson of a wealthy real estate developer, valedictorian of his elite Baltimore prep school and with degrees from one of the nation’s top private universities. Friends at an exclusive co-living space at the edge of touristy Waikiki in Hawaii where the 26-year-old Mangione once lived widely considered him a “great guy,” and pictures on his social media accounts show a fit, smiling, handsome young man on beaches and at parties. Now, investigators in New York and Pennsylvania are working to piece together why Mangione may have diverged from this path to make the violent and radical decision to gun down UnitedHealthcare CEO Brian Thompson in a brazen attack on a Manhattan street. The killing sparked widespread discussions about corporate greed, unfairness in the medical insurance industry and even inspired folk-hero sentiment toward his killer. ▶ Read more about Luigi Mangione Pennsylvania prosecutor will work with NY officials to return suspect Peter Weeks, the Blair County district attorney, says he’ll work with New York officials to try to return suspect Luigi Mangione there to face charges. Weeks said the New York charges are “more serious” than in Blair County. “We believe their charges take precedent,” Weeks said, promising to do what’s needed to accommodate New York’s prosecution first. Weeks spoke to reporters after a brief hearing at which a defense lawyer said Mangione will fight extradition. The defense asked for a hearing on the issue. In the meantime, Mangione will be detained at a state prison in western Pennsylvania. What New York officials will do to bring Mangione back there Manhattan District Attorney Alvin Bragg’s office said Tuesday it will seek a Governor’s warrant to secure Mangione’s extradition to Manhattan. Under state law, New York Gov. Kathy Hochul can issue a warrant of arrest demanding Mangione’s return to the state. Such a warrant must recite the facts necessary to the validity of its issuance and be sealed with the state seal. It would then be presented to law enforcement in Pennsylvania to expedite Mangione’s return to New York. District attorney says Mangione contesting extradition will create ‘extra hoops’ to jump through But Blair County District Attorney Peter Weeks says it won’t be a substantial barrier to returning Mangione to New York. He noted that defendants contest extradition “all the time,” including in simple retail theft cases. In court, Mangione said he understood his rights Dickey, his defense lawyer, questioned whether the second-degree murder charge filed in New York might be eligible for bail under Pennsylvania law, but prosecutors raised concerns about both public safety and Mangione being a potential flight risk, and the judge denied it. Mangione will continue to be housed at a state prison in Huntingdon. Defense lawyer Thomas Dickey told the court Mangione wants a hearing on the extradition issue He has 14 days to challenge the detention. Prosecutors, meanwhile, have a month to seek a governor’s warrant out of New York. Mangione’s demeanor in court Mangione, wearing an orange jumpsuit, mostly stared straight ahead at the hearing, occasionally consulting papers, rocking in his chair, or looking back at the gallery. At one point, he began to speak to respond to the court discussion, but was quieted by his lawyer. Suspect in the killing of UnitedHealthcare’s CEO is contesting his extradition back to New York Luigi Mangione, 26, has also been denied bail at a brief court hearing in western Pennsylvania. He has 14 days to challenge the bail decision. An account on X that appears to belong to Mangione was still up as of Tuesday That’s with some intervention from owner Elon Musk. The account, which hasn’t posted since June, was briefly suspended by X. But after a user inquired about it in a post Monday, Musk responded “This happened without my knowledge. Looking into it.” The account was later reinstated. Other social media companies such as Meta have removed his accounts. According to X rules, the platform removes “any accounts maintained by individual perpetrators of terrorist, violent extremist, or mass violent attacks, as well as any accounts glorifying the perpetrator(s), or dedicated to sharing manifestos and/or third party links where related content is hosted.” Mangione is not accused of perpetrating a terrorist or mass attack — he has been charged with murder — and his account doesn’t appear to share any writings about the case. Mangione shouted and struggled with officers as he arrived in court He shouted something that was partly unintelligible, but referred to an “insult to the intelligence of the American people.” He’s there for an arraignment on local charges stemming from his arrest Monday. Mangione arrives at court in Pennsylvania He was dressed in an orange jumpsuit as officers led him from a vehicle into the courthouse. Local defense lawyer Thomas Dickey is expected to represent the 26-year-old at a Tuesday afternoon hearing at the Blair County Courthouse. Dickey declined comment before the hearing. Mangione could have the Pennsylvania charges read aloud to him and may be asked to enter a plea. They include possession of an unlicensed firearm, forgery and providing false identification to police. In New York, he was charged late Monday with murder in the death of UnitedHealthcare’s CEO Brian Thompson. Bulletin says Mangione likely motivated by anger toward ‘parasitic’ health insurance companies Mangione likely was motivated by his anger with what he called “parasitic” health insurance companies and a disdain with corporate greed, said a a law enforcement bulletin obtained by The Associated Press. He wrote that the U.S. has the most expensive healthcare system in the world and that the profits of major corporations continue to rise while “our life expectancy” does not, according to the bulletin, based on a review of the suspect’s hand-written notes and social media postings. He appeared to view the targeted killing of the UnitedHealthcare CEO as a symbolic takedown, asserting in his note that he is the “first to face it with such brutal honesty,” the bulletin said. Mangione called “Unabomber” Ted Kaczynski a “political revolutionary” and may have found inspiration from the man who carried out a series of bombings while railing against modern society and technology, the document said. Police say they found ‘written admissions about the crime’ in Luigi Mangione’s belongings A felony warrant filed in New York cites Altoona Officer Christy Wasser as saying she found the writings along with a semi-automatic pistol and an apparent silencer. The filing echoes earlier statements from NYPD Chief of Detectives Joseph Kenny who said Mangione had a three-page, handwritten document that shows “some ill will toward corporate America.” Mangione is now charged in Pennsylvania with being a fugitive of justice. McDonald’s customer: ‘My one friend thought he looked like the shooter’ A customer at the McDonald’s in Altoona, Pennsylvania, where Mangione was arrested said one of his friends had commented beforehand that the man looked like the suspect wanted for the shooting in New York City. “It started out almost a little bit like a joke, my one friend thought he looked like the shooter,” said the customer, who declined to give his full name, on Tuesday. “It wasn’t really a joke, but we laughed about it,” he added. Manhattan prosecutors have obtained a warrant for Mangione’s arrest The warrant on murder and other charges is a step that could help expedite his extradition from Pennsylvania. In court papers made public Tuesday, a New York City police detective reiterated key findings in the investigation he said tied Mangione to the killing, including surveillance footage and a fake ID he used to check into a Manhattan hostel on Nov. 24. Police officers in Altoona, Pennsylvania, found that ID when they arrested Mangione on Monday. Mangione is being held without bail in Pennsylvania on charges of possession of an unlicensed firearm, forgery and providing false identification to police. Late Monday, Manhattan prosecutors charged him with five counts, including murder, criminal possession of a weapon and criminal possession of a forged instrument. Mangione doesn’t yet have a lawyer who can speak on his behalf, court officials said. Pennsylvania authorities release photos of Luigi Mangione at McDonald’s and in cell Images of Mangione released Tuesday by Pennsylvania State Police showed him pulling down his mask in the corner of the McDonald’s while holding what appeared to be hash browns and wearing a winter jacket and ski cap. In another photo from a holding cell, he stood unsmiling with rumpled hair. The suspect’s cousin, a Maryland lawmaker, is postponing a fundraiser Mangione’s cousin, Maryland lawmaker Nino Mangione, announced Tuesday morning that he’s postponing a fundraiser planned later this week at the Hayfields Country Club north of Baltimore, which was purchased by the Mangione family in 1986. “Because of the nature of this terrible situation involving my Cousin I do not believe it is appropriate to hold my fundraising event scheduled for this Thursday at Hayfields,” Nino Mangione said in a social media post. “I want to thank you for your thoughts, prayers, and support. My family and I are heartbroken and ask that you remember the family of Mr. Thompson in your prayers. Thank you.” The search for the suspect involved dogs, drones and scuba divers Officers used New York City’s muscular surveillance system . Investigators analyzed DNA samples, fingerprints and internet addresses. Police went door to door looking for witnesses. When an arrest came five days later , those sprawling investigative efforts shared credit with an alert civilian’s instincts. A customer at a McDonald’s restaurant in Pennsylvania noticed another patron who resembled the man in the oblique security-camera photos New York police had publicized. Suspect is expected to be eventually be extradited to New York He remains jailed in Pennsylvania, where he was initially charged with possession of an unlicensed firearm, forgery and providing false identification to police. By late Monday evening, prosecutors in Manhattan had added a charge of murder, according to an online court docket. It’s unclear whether Luigi Nicholas Mangione has an attorney who can comment on the allegations. Asked at Monday’s arraignment whether he needed a public defender, Mangione asked whether he could “answer that at a future date.” The Associated Press See a typo/mistake? Have a story/tip? This has been shared 0 times 0 Shares Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message Get your daily Victoria news briefing Email Sign Up More Health Key details about the man accused of killing of UnitedHealthcare's CEO Dec 10, 2024 1:49 PM Parents plead guilty in 2021 death of burned, emaciated toddler in Calgary Dec 10, 2024 1:16 PM Bringing awareness to Black Canadian men's health important to Ogbongbemiga Dec 10, 2024 1:11 PM
( MENAFN - EIN Presswire) NEW YORK, Dec. 28, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Zeta Global Holdings Corp. (NYSE: ZETA) and certain of the Company's senior executives for potential violations of the federal securities laws. If you invested in Zeta, you are encouraged to obtain additional information by visiting . Investors have until January 21, 2025, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Zeta securities. The case is pending in the U.S. District Court for the Southern District of New York and is captioned Davoodi v. Zeta Global Holdings Corp., et al., No. 24-cv-08961. What is the Lawsuit About? Zeta is a cloud-based technology company that provides a marketing platform to assist marketers in acquiring customers. The complaint alleges that Zeta represented that its marketing platform was powered by the industry's largest opted-in data set. On November 13, 2024, prominent investment research firm Culper Research published a report titled:“Zeta Global Holdings Corp (ZETA): Shams, Scams, and Spam.” Based on Culper's investigation that included proprietary interviews with industry experts and former Zeta employees, the research firm found that Zeta's data set had been generated from a network of“consent farms” – i.e., sham websites designed to gather consumer data under false pretenses or awards that did not exist. Culper Research further wrote that these consent farms drove almost the entirety of Zeta's growth over the past 2+ years, representing 56% of its Adjusted EBITDA, and could result in devastating regulatory action. The news caused a significant decline in the price of Zeta stock. On November 13, 2024, the price of the company's stock fell 37%, from a closing price of $28.22 per share on November 12, 2024, to $17.76 per share on November 13, 2024. Click here for more information: . What Can You Do? If you invested in Zeta you may have legal options and are encouraged to submit your information to the firm. All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses. Submit your information by visiting: Or contact: Ross Shikowitz ... 212-789-3619 Why Bleichmar Fonti & Auld LLP? Bleichmar Fonti & Auld LLP is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It was named among the Top 5 plaintiff law firms by ISS SCAS in 2023 and its attorneys have been named Titans of the Plaintiffs' Bar by Law360 and SuperLawyers by Thompson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors (pending court approval), as well as $420 million from Teva Pharmaceutical Ind. Ltd. For more information about BFA and its attorneys, please visit . Attorney advertising. Past results do not guarantee future outcomes. Legal Disclaimer: EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above. MENAFN28122024003118003196ID1109037489 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
Alamo Bowl live updates: Colorado vs. BYU time, TV, highlightsNorthwestern hopes hot streak continues vs. NortheasternDonald Trump is set to return to the White House for a second term with a Republican Trifecta allowing him to pursue his agenda. The policy decisions he will make beginning January 20, whether on the US economy, global geopolitics, his dealings with Iran, US tariffs or his relationship with Europe, will heavily influence how global economic growth will pan out next year. Europe, where growth has remained muted this year, is bracing for a transactional relationship with the incoming US administration. China, whose economic momentum was underwhelming in 2024, is signalling it is ready for a cordial trade relationship with the world’s biggest economy, but it is equally ready for a war of tariffs. Analysts say that people nominated by Mr Trump to run departments including treasury and trade tow the tagline of “America First” and will remain at the front and centre of decision-making once he assumes control of the Oval Office. “Donald Trump will pursue the campaign’s focal points at a fast pace in the first two years before the midterm elections change the composition of the Congress again,” says Nannette Hechler-Fayd’herbe, head of investment strategy, sustainability and research at Swiss wealth manager Lombard Odier. “This means many decrees in January and changes to US foreign policy, trade policy, migration policy, deregulation and more.” The world economy has so far remained resilient, although increasingly uneven across geographies, despite a significant rise in geopolitical risks in the Middle East and escalation in the Russia-Ukraine war in the past few months. The International Monetary Fund expects global growth next year to at least maintain the current level, however, the win of Mr Trump has added new dynamics, as the policy directions in the US are historically important for the global economy. In its pre-Trump win forecast in October, the IMF maintained its 2024 and next year global economic growth projection of 3.2 per cent amid softening inflation. However, the Washington-based fund warned of “a high degree of uncertainty” casting shadows on the outlook. “The magnitude of the impact of Mr Trump’s decisions on the global order will likely be larger than most expect,” Norman Villamin, group chief strategist at Swiss private bank UBP, says. Beyond the IMF’s one-year projections, the global economy is facing a feeble period of medium-term growth. It also made “sizeable downside” revisions to low-income and developing countries, due to intensifying conflicts. For many advanced and emerging market economies, the five-year forecast is weaker than the one-year forecast, “suggesting that persistent headwinds to growth will remain prevalent over the medium term”, IMF director of research Pierre-Olivier Gourinchas said at the time. “We do not look for global growth to necessarily accelerate but we see it holding close to steady near current levels. However, growth is likely to improve from low levels in some economies such as Japan and the eurozone,” says Karine Kheirallah, managing director and head of investment strategy and research for the Middle East and Africa at State Street Global Advisers. Analysts say the global economy is already in choppy waters and is bound to face challenges without Mr Trump in power. Although the global economy skirted an energy price-driven recession last year, “there is a [still a] lingering recession risk”, Daniel Murray, deputy chief investment officer and global head of research at EFG Asset Management, says. “It is notable that the EU economy looks structurally very weak while some delinquency and default rates are on the rise in the US. And, of course, it is possible that China fails to deliver on its promised and expected stimulus packages.” All eyes will also remain fixed on how the US Federal Reserve will introduce rate cuts going forward amid anticipated expansionary policies of the new administration. Already, the Fed doesn’t appear in a rush to lower its benchmark rate, which can potentially impact how central banks around the world shape their monetary policy decisions. “The economy is not sending any signals that we need to be in a hurry to lower rates,” Fed chairman, Jerome Powell said earlier this month. Julius Baer chief economist David Kohl, in a recent co-authored note, said higher growth and inflation, as well as a more deficit-financed fiscal policy, have reduced the Fed’s scope for rate cuts. “We expect the Fed to pause at a Fed Funds target rate level of 4 per cent,” he said. With Mr Powell publicly stating the US election results would not affect monetary policy and that the Fed would respond as needed to changes in fiscal policy, once those fiscal changes are clear, the 25 basis point cut in December was “a coin toss due to the potential re-acceleration of inflation”, Saira Malik, chief investment officer at $1.3 trillion asset manager Nuveen, says. “The 100 basis points of cuts in 2025 may also be optimistic.” Mr Murray from EFG Asset management agrees, saying “US rate expectations have been highly volatile this year and that is expected to continue”, however, the market is “currently pricing three Fed rate cuts from here to the end of 2025”. Expectations for the European Central Bank are “more reasonable with five or six rate cuts forecast to the end of next year”. While the Bank of England is more closely aligned with the Fed, the Bank of Japan is a rare regulator, which is currently in the “hiking mode”, he adds. The anticipated economic policy actions by the incoming US administration would also likely transpire into quicker growth and “sticky inflation” that will not drop below this year’s levels. “This will probably prevent the Fed from cutting Fed fund rates all the way to estimated neutral levels,” says Ms Hechler-Fayd’herbe, who is also Lombard’s chief investment officer for Europe, the Middle East, and Africa region. “For the rest of the world, it means marginally less growth and therefore deeper central bank rate cuts as well as other stimulative measures and weaker currencies. In other words, Donald Trump’s policies are quite critical for the outlook for 2025.” Even without Mr Trump’s expected expansionary policies, UBP projects US inflation to bottom in early 2025 near 2 per cent and rebound by year-end to close to 3 per cent. “Depending on the timing and magnitude of the fiscal efforts rolled out by the incoming administration, a further impetus to this troughing in inflation we expect may emerge in 2025,” says Mr Villamin. “Markets are already beginning to price this prospect, both [in terms of] pricing rate cuts from the US Fed as well as pushing longer-term bond yields higher in late-2024.” Analysts say it is too early to estimate if the Trump administration’s push for balanced trade with the world would turn out to be a repeat of the retaliatory war, which the world endured during his first presidency. However, his nomination of Howard Lutnick, co-chair of his transition team, as his commerce secretary is an indication of a tougher stance on China. The US could impose about 40 per cent tariffs on imports from China next year, potentially cutting growth in the world’s second-biggest economy by up to a percentage point. However, the new administration will resist starting off with blanket 60 per cent tariffs on Chinese goods, a Reuters poll of economists showed. Mr Trump ran for office on the pledge that he would impose hefty tariffs on Chinese imports. He engaged in a tariff war and levied additional duties on goods from Europe, Canada and countries elsewhere in the world. His campaign promises of America First in trade are causing unease among US trade partners globally. “The extent to which Mr Trump’s policies will impact the rest of the world will depend primarily on how aggressively his trade team seek to redress US imbalances with other parts of the world. The higher and more wide-reaching the tariffs, the greater will the impact be,” Mr Murray says. Mr Trump has already said he would hit China, Mexico and Canada with new tariffs the very first day of his presidency. He plans to sign an executive order imposing a 25 per cent tariff on all goods coming from Mexico and Canada, and will charge China an additional 10 per cent tariff, “above any additional tariffs”. At the end of November, Mr Trump threatened the Brics nations with 100 per cent tariffs if they moved against the US dollar. “The idea that the Brics countries are trying to move away from the dollar while we stand by and watch is over,” Mr Trump said on the Truth Social network. “We require a commitment from these countries that they will neither create a new Brics currency, nor back any other currency to replace the mighty US dollar or, they will face 100 per cent tariffs, and should expect to say goodbye to selling into the wonderful US economy.” Geopolitics and the continuing conflicts in Ukraine and the Middle East remain among the biggest threats to the global economy next year. Although Mr Trump has pledged to end both wars after taking office in January, how successful he will be in his efforts remains to be seen. “There is clearly a risk that the situation in Ukraine does not get resolved and escalates, involving Nato troops on the ground,” Mr Murray says. “Similarly, the situation in the Middle East could deteriorate, for example, if one of the countries at the centre of the situation miscalculates in terms of the scale of retaliatory strikes.” The potential of the Israel-Gaza war turning into a pan-regional conflict involving Israel, Iran and Tehran-backed militias is a lingering threat to global energy supplies from the Middle East, home to some of the world’s largest crude exporters. Iran this year has twice launched barrages of missiles on sites in Israel, for killing senior leaders of the Iran-back Hezbollah’s leaders in Tehran and Lebanon. Israel in retaliation has hit military targets in Iran. The more than a year-long war has spilt beyond the Gaza borders into Lebanon where the civil population paid a heavy price of constant Israeli attacks and air strikes until a ceasefire deal was reached between Israel and Lebanon at the end of last month. The economic impact of the war is already evident. The IMF has lowered its outlook for the Middle East and North Africa region by 0.6 per cent for this year from its April forecast to 2.1 per cent, underpinned by Saudi Arabia’s oil production cuts and the conflicts in the region. “Markets hate uncertainty, and while fundamentals are most important for investors, geopolitical tensions and military conflicts can’t be ignored and are undoubtedly some of the biggest challenges for the global economy and investors to navigate going into 2025,” Ms Malik says. After a stellar year in 2023, equity markets have been on the rise this year, driven higher by a multitude of factors, including bumper profits. Stocks hit multiple record highs before the November 5 presidential run for the White House and have not eased after the Republican control of Washington. Benchmark S&P 500 index has gained more than 25 per cent this year, on track for a second year of returns above 20 per cent – a run that’s occurred just four times in the past 100 years. Nasdaq has risen by 28 per cent, while the Dow Jones Industrial Average Index has rallied more than 19 per cent since the beginning of this year. However, analysts are sceptical if markets will be able to deliver a third year of stellar returns, despite Mr Trump’s pro-growth and expansionary policies. “US equity markets have delivered nearly 25 per cent returns in not only 2024, but also in the year prior ... [with] another year of 20 per cent returns unlikely in 2025,” Mr Villamin says, adding that markets rarely outpace returns of two good years in a third consecutive year. “Only in 2021 amid pandemic-era quantitative easing did the S&P 500’s nearly 27 per cent price returns outpace the already strong 22 per cent [compound annual growth rate] returns seen in the prior two years.” Though company fundamentals will be the guiding yardstick for investors, policy action by the Trump administration could also determine investment trends in certain segments of the US market. “While market valuations and company-specific fundamentals are more important than politics, we think the change to a Republican administration is likely to result in a shift in the regulatory environment for the financial, energy and healthcare sectors,” says Ms Malik. “We may also see increased investment in traditional oil and gas exploration, which would serve as a relative benefit to those areas of the market.” EFG Asset Management expects Mr Trump’s pro-growth and low regulation policies to probably provide a tailwind to US markets next year. “We expect returns to be more broadly based, in contrast with the concentrated returns of this year [and] small and mid-cap [stocks] could do better in such a situation,” says Mr Murray. “It may be the case that the headline indices do not move by that much because the larger weighted stocks are rangebound, while there is a high proportion of stocks in the index with lower market caps that do relatively well.” Source: The National
8 Things to Remember About Dexter’s Childhood Before ‘Original Sin’My Date with Rural China----VOC.com.cn Unveils Season Two of I Am in Rural ChinaJoe Burrow's home broken into during Monday Night Football in latest pro-athlete home invasion
"Mufasa" is a worthy successorANN ARBOR, Michigan (AP) — Michigan defensive lineman Kenneth Grant is skipping his final college season to enter the NFL draft. Grant, a key part of the Wolverines' 2023 national championship team, announced his decision Thursday on X, formerly known as Twitter. Fellow Michigan interior lineman Mason Graham had already declared for the draft. Both are projected as likely first-round picks. The 6-foot-3, 339-pound Grant was a third-team Associated Press All-American. He had 32 tackles, 6 1/2 tackles for loss and a pair of fumble recoveries. Grant helped Michigan upset Ohio State in the Big Ten regular-season finale, making four tackles. Cornerback Will Johnson and tight end Colston Loveland have also declared for the draft leading up to Michigan's game against No. 11 Alabama in the ReliaQuest Bowl. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-footballAP Trending SummaryBrief at 3:36 p.m. ESTMaple Leafs Forward Poised for Breakout After Post-Christmas Remarks
Ronaldo: If I owned Man United, I would fix issuesThe Israeli Justice Ministry made the announcement in a message late on Thursday, saying the investigation would focus on the findings of a recent report by the Uvda investigative programme into Sara Netanyahu. The programme uncovered a trove of WhatsApp messages in which Mrs Netanyahu appears to instruct a former aide to organise protests against political opponents and to intimidate Hadas Klein, a key witness in the trial. The announcement did not mention Mrs Netanyahu by name and the Justice Ministry declined further comment. Earlier on Thursday, Mr Netanyahu blasted the Uvda report as “lies”. It is the latest in a long line of legal troubles for the Netanyahus, highlighted by the PM’s ongoing corruption trial. Mr Netanyahu is charged with fraud, breach of trust and accepting bribes in a series of cases alleging he exchanged favours with powerful media moguls and wealthy associates. He denies the charges and says he is the victim of a “witch hunt” by overzealous prosecutors, police and the media.
Drop in Boxing Day footfall ‘signals return to declining pre-pandemic levels’
Michigan defensive lineman Kenneth Grant declares for NFL draft
NEW YORK — Dylan Raiola passed for 228 yards and a touchdown as Nebraska built an 18-point lead through three quarters and hung on to beat Boston College 20-15 Saturday for its first bowl victory since 2015. After Nebraska built a 13-2 lead in the first half on scoring runs by Rahmir Johnson and Kwinten Ives, Raiola hit Emmett Johnson with a 13-yard TD pass on fourth down with 3:02 remaining in the third quarter for a 20-2 edge and the Cornhuskers (7-6) held on for the win. Raiola completed 23 of 31 passes in front of a sizable Nebraska crowd that celebrated the team’s first bowl win since topping UCLA in the 2015 Foster Farms Bowl and first winning season since 2016. “The biggest thing is that finally they can walk off the field and say ’Hey we got it done,'” Nebraska coach Matt Rhule said. “We’ll have a lot of momentum heading into the offseason.” Raiola completed passes to 10 receivers, including Jahmal Banks, who finished with four receptions for 79 yards. “He’s gotten so much better as the year’s gone on in terms of the speed, movement and those things,” Rhule said of Raiola. Rahmir Johnson and Ives scored on short TD runs in the second period, and Nebraska’s defense set up the critical score in the third. Emmett Johnson scored on fourth-and-3 play for a 20-2 lead. That score came after John Bullock sacked Boston College quarterback Grayson James, forcing a fumble that was recovered by Elijah Jeudy at midfield. James finished 25 of 40 for 296 yards as Boston College (7-6) fell to 0-3 in Pinstripe Bowl games. The Eagles got past midfield on five of their first seven drives, but committed two turnovers and failed to convert four fourth downs, including two inside the 10-yard line. Boston College finally cashed with 6:11 left in the fourth when Turbo Richard scored on a 1-yard run, but the two-point conversion failed. BC made it a one-score game on Jordan McDonald’s 2-yard run, a play after getting possession on a blocked punt. "I thought we were productive, but we couldn’t score,” Boston College coach Bill O’Brien said. “So that’s a problem because you have to score to win.” After a scoreless opening quarter, Rahmir Johnson easily scored on a 4-yard run on the first play of the second period. After BC turned it over on downs twice in Nebraska territory, the Cornhusker’s took a 13-0 lead on Ives’ 2-yard run that was set up by Rahmir Johnson’s 22-yard run. The Eagles picked up their only points of the first half when Ashton McShane blocked John Hohl’s extra point and returned it for two points. Nebraska: Rahmir Johnson was named MVP in his final game at Nebraska to cap an emotional season in which he lost his mother in November. Johnson finished with 10 carries for 60 yards and the Cornhuskers totaled 127 yards on the ground and 363 yards overall. “Even with news like that, I still want to play for these guys," Johnson said. “And that's just the type of person I am.” Boston College: Without ACC sacks leader DE Donovan Ezeiruaku, the Eagles could not get Nebraska and had to burn their final two timeouts after getting within 20-15. Nebraska opens its 2025 season against Cincinnati on Aug. 30. Boston College takes on Fordham on Aug. 30 to open its season and will welcome Alabama transfer Dylan Longeran into its quarterback mix. Get local news delivered to your inbox!Israeli police set to probe Netanyahu’s wife over ‘harassment of witnesses’