Wall Street stocks surged to fresh records Wednesday on hopes about easing US monetary policy, shrugging off political upheaval in South Korea and France. All three major US indices scored records, with the Dow Jones Industrial Average finishing above 45,000 for the first time. "The market at this point is looking for excuses to go up, and there's not really anything that might work against that narrative," said Steve Sosnick of Interactive Brokers. "Over the last couple of days, it's managed to ignore all sorts of inconvenient things and decided that the situation in France doesn't matter for them," Sosnick said of the stock market. "The situation in Korea doesn't matter." South Korea's stock market fell less than feared and the won rebounded from earlier losses after President Yoon Suk Yeol swiftly reversed a decision to impose martial law. In Europe, Paris stocks managed to advance as France's government faced looming no-confidence votes. Late Wednesday in Paris, French lawmakers voted to oust the government of Prime Minister Michel Barnier after just three months in office, pushing the country further into political uncertainty. For the first time in over sixty years, the National Assembly lower house toppled the incumbent government, approving a no-confidence motion that had been proposed by the hard left but which crucially was backed by the far-right headed by Marine Le Pen. "Political turmoil in both France and South Korea provide a uncertain backdrop for global markets, with the likely removal of both Barnier and Yoon bringing the potential for both countries to find a fresh direction," said Joshua Mahony, chief market analyst at Scope Markets. Thomas Mathews, head of Asia-Pacific markets at Capital Economics, said the losses in Seoul could have been "much worse" had the president not aborted his plan. "Rarely does a combined sell-off in a country's stocks, bonds and currency feel like a relief rally," he said. Oil prices turned lower after surging around 2.5 percent Tuesday, mainly after the United States sanctioned 35 companies and ships it accused of involvement with Iran's "shadow fleet" illicitly selling Iranian oil to foreign markets. Major producers at the OPEC+ grouping led by Saudi Arabia and Russia were set to meet Thursday to discuss extending output limits. Back in New York, major indices were led by the Nasdaq, which piled on 1.3 percent to finish at a third straight record. Wednesday's gains came after payroll firm ADP said US private-sector hiring in November came in at a lower-than-expected 146,000 jobs, while a survey from the Institute for Supply Management showed weaker sentiment than expected in the services sector. But the lackluster data boosts expectations that the Federal Reserve will cut interest rates later this month. At a New York conference, Federal Reserve Chair Jerome Powell refrained from tipping his hand, but he "didn't say anything that would scare the market," said Briefing.com analyst Patrick O'Hare. O'Hare noted that Wednesday's gains were led by large tech names such as Nvidia and Microsoft, which are major AI players. The boost followed strong results from Salesforce, which was the biggest gainer in the Dow with an 11 percent jump. New York - Dow: UP 0.7 percent at 45,014.04 (close) New York - S&P 500: UP 0.6 percent at 6,086.49 (close) New York - Nasdaq Composite: UP 1.3 percent at 19,735.12 (close) London - FTSE 100: DOWN 0.3 percent at 8,335.81 (close) Paris - CAC 40: UP 0.7 percent at 7,303.28 (close) Frankfurt - DAX: UP 1.1 percent at 20,232.14 (close) Seoul - Kospi Index: DOWN 1.4 percent at 2,464.00 (close) Tokyo - Nikkei 225: UP 0.1 percent at 39,276.39 (close) Hong Kong - Hang Seng Index: FLAT at 19,742.46 (close) Shanghai - Composite: DOWN 0.4 percent at 3,364.65 (close) Euro/dollar: UP at $1.0510 from $1.0509 on Tuesday Pound/dollar: UP at $1.2702 from $1.2673 Dollar/yen: UP at 150.56 yen from 149.60 yen Euro/pound: DOWN at 82.71 from 82.92 pence Brent North Sea Crude: DOWN 1.8 percent at $72.31 per barrel West Texas Intermediate: DOWN 2.0 percent at $68.54 per barrel burs-jmb/jgcLAKE FOREST, Ill. -- Speaking for the first time since the Chicago Bears fired Matt Eberflus amid a six-game losing streak, quarterback Caleb Williams portrayed a positive outlook on the effect that the changes he has experienced as a rookie will have on his career. Eberflus was fired after a disastrous fourth-quarter sequence that saw the play clock run out on the Bears' attempt at a comeback in a 23-20 loss to the Lions on Thanksgiving. It was the Bears' fourth one-score loss since Week 8, which magnified coaching and game-management decisions. Eberflus became the first coach fired by the Bears during the season in the franchise's 105-year history. Editor's Picks A brutal loss, volatile locker room and weird Zoom: Inside the Bears' firing of Matt Eberflus 1d Courtney Cronin NFL Week 14 buzz: What we're hearing on the playoff race bubble, coaching carousel, Aaron Rodgers' future 3h Dan Graziano and Jeremy Fowler Thomas Brown was promoted to interim head coach for the final five games just three weeks after he took over offensive coordinator duties upon Shane Waldron's firing. "It's interesting," Williams said of Eberflus' firing after 12 games. "I don't get any say or choice over that. I have to roll with the punches. Like I said, it's interesting. It's tough. "He's a reason of why I'm here. He drafted me. And so going through that and that process is interesting for me." Williams, however, isn't concerned that the amount of turnover he has experienced throughout Chicago's turbulent 4-8 start will hinder his long-term development. "I think this is a stepping-stone of development, to be able to have all of this in my first year," Williams said. "I wouldn't say that I'm happy for it. Having these moments is definitely something that will help me in the future. Having these situational moments that it's hard to rep in practice, having some of these moments, having your coach fired or coaches fired, and people being promoted. You know, things like that all happening within a couple weeks of each other, you know I think it would help me in the long run being able to handle all of this, handle this first year and being able to grow from it." Brown, 28, will move from the coaches' booth to the sideline Sunday when Chicago plays at the San Francisco 49ers . Since Brown took over playcalling duties against the Green Bay Packers in Week 11, Williams' Total QBR has gone from 39 to 77, his completion percentage has increased by 3% and his yards per dropback have jumped from 4.9 to 6.2. The rookie hasn't turned the ball over while throwing five touchdowns since Brown's first game calling plays in Week 11. The interim head coach will now need to strike a balance between prioritizing Williams' continued development and his responsibilities over the rest of the team. "I would say first off, I am not the sole person responsible for Caleb's development," Brown said. "He has a big part in that. Obviously, I have been charged with kind of leading the way with him and the team now as well. But I think his response has been awesome. My job is to be an effective communicator, be honest and be direct about what he's doing well and what he's not doing well, and I have the same exact message for the team." Williams referenced "rolling with the punches" six times during his Wednesday news conference at Halas Hall. That mindset is what the quarterback has leaned on while weathering change sparked by decisions that are out of his control. How he has channeled that mentality in the first 12 games of his NFL career is what he plans to use for the next 12 and beyond. "I think it is a stepping-stone actually with my development because I think down the line, I'll have different OCs or different head coaches or whatever the case may be," Williams said. "And so being able to handle it my first year, handle a new playbook, handle all these different changes, handle all of this I think it definitely will help the development instead of hurting it or anything like that."
Taylor Swift fans lined up at Target to buy her self-published book. It turned out to be riddled with errors.NEW YORK , Dec. 4, 2024 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Macy's, Inc. (NYSE: M) resulting from allegations that Macy's may have issued materially misleading business information to the investing public. So What: If you purchased Macy's securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses. What to do next: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=31645 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. What is this about: On November 25, 2024 , The New York Times published an article entitled "Macy's Discovers Employee Hid Millions in Delivery Expenses." This article stated that "Macy's said on Monday that an employee had "intentionally" misstated and hidden up to $154 million in delivery expenses over the past few years, forcing the retailer to delay a much-anticipated earnings report that Wall Street uses to gauge the strength of holiday shopping." On this news, the price of Macy's, Inc. stock fell 2.2% on November 25, 2024 . Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm , on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/ . Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 case@rosenlegal.com www.rosenlegal.com View original content to download multimedia: https://www.prnewswire.com/news-releases/rosen-law-firm-encourages-macys-inc-investors-to-inquire-about-securities-class-action-investigation--m-302322921.html SOURCE THE ROSEN LAW FIRM, P. A.
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Real Madrid suffered a 2-1 LaLiga defeat at Athletic Bilbao as Kylian Mbappe missed from the penalty spot again. Alex Berenguer prodded the hosts ahead after 53 minutes before Mbappe – who failed to convert a Champions League penalty against Liverpool last week – sent his kick too close to Bilbao goalkeeper Julen Agirrezabala. Jude Bellingham appeared to have rescued a point for Real after scoring for the fourth successive league game 12 minutes from time. 📸 PORTERAZO. JULEN, JULEN! JULEN JULEN! #AthleticRealMadrid #AthleticClub 🦁 pic.twitter.com/w260s6xo79 — Athletic Club (@AthleticClub) December 4, 2024 But Federico Valverde’s mistake two minutes later gifted Gorka Guruzeta the winner in front of a delirious San Mames crowd. On a busy night of second-round Copa del Rey action, Villarreal suffered a shock 1-0 defeat at Pontevedra while there were wins for Real Betis, Rayo Vallecano and Valencia. Fiorentina went out of the Coppa Italia to Empoli on penalties on an emotional night at Stadio Artemio Franchi. Viola were back in action after Edoardo Bove’s health scare forced their weekend league fixture with Inter Milan to be abandoned during the first half. Midfielder Bove collapsed on the pitch and required emergency medical treatment. He was taken to hospital but regained consciousness in intensive care. Esposito's penalty books Empoli's place in the next round 💪 #FiorentinaEmpoli pic.twitter.com/UUxghH9l6b — Lega Serie A (@SerieA_EN) December 4, 2024 Empoli led at half-time through Emmanuel Ekong’s fourth-minute opener before Moise Kean and Riccardo Sottil put Fiorentina ahead. Sebastiano Esposito struck 15 minutes from time to make it 2-2 and take the last-16 tie into extra time, Empoli eventually winning 4-3 on penalties. Benjamin Sesko opened the scoring and Luis Openda struck twice as RB Leipzig brushed aside Eintracht Frankfurt 3-0 in the German DFB Pokal. Second-half goals from Denis Vavro, Jonas Wind and Yannick Gerhardt saw Wolfsburg beat Hoffenheim 3-0. Cologne knocked out Hertha Berlin 2-1 after extra time with Dejan Ljubicic converting a penalty in the final seconds, while Augsburg prevailed 5-4 on penalties against Karlsruhe after a 2-2 draw.
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White House says at least 8 US telecom firms, dozens of nations impacted by China hacking campaignDeputy national security adviser Anne Neuberger offered new details about the breadth of the sprawling Chinese hacking campaign that gave officials in Beijing access to private texts and phone conversations of an unknown number of Americans. Neuberger divulged the scope of the hack a day after the FBI and the Cybersecurity and Infrastructure Security Agency issued guidance intended to help root out the hackers and prevent similar cyberespionage in the future. White House officials cautioned that the number of telecommunication firms and countries impacted could grow. The U.S. believes the hackers were able to gain access to communications of senior U.S. government officials and prominent political figures through the hack, Neuberger said. “We don’t believe any classified communications has been compromised,” Neuberger added during a call with reporters. She added that Biden was briefed on the findings and the White House “made it a priority for the federal government to do everything it can to get to the bottom this.” The Chinese embassy in Washington rejected the accusations that it was responsible for the hack Tuesday after the U.S. federal authorities issued new guidance. “The U.S. needs to stop its own cyberattacks against other countries and refrain from using cyber security to smear and slander China,” embassy spokesperson Liu Pengyu said. The embassy did not immediately respond to messages Wednesday. White House officials believe the hacking was regionally targeted and the focus was on very senior government officials. Federal authorities confirmed in October that hackers linked to China targeted the phones of then-presidential candidate Donald Trump and his running mate, Sen. JD Vance, along with people associated with Democratic candidate Vice President Kamala Harris. The number of countries impacted by the hack is currently believed to be in the “low, couple dozen,” according to a senior administration official. The official, who spoke on the condition of anonymity under rules set by the White House, said they believed the hacks started at least a year or two ago. The suggestions for telecom companies released Tuesday are largely technical in nature, urging encryption, centralization and consistent monitoring to deter cyber intrusions. If implemented, the security precautions could help disrupt the operation, dubbed Salt Typhoon, and make it harder for China or any other nation to mount a similar attack in the future, experts say. Neuberger pointed to efforts made to beef up cybersecurity in the rail, aviation, energy and other sectors following the May 2021 ransomware attack on Colonial Pipeline . “So, to prevent ongoing Salt Typhoon type intrusions by China, we believe we need to apply a similar minimum cybersecurity practice,” Neuberger said. The cyberattack by a gang of criminal hackers on the critical U.S. pipeline, which delivers about 45% of the fuel used along the Eastern Seaboard, sent ripple effects across the economy, highlighting cybersecurity vulnerabilities in the nation’s aging energy infrastructure. Colonial confirmed it paid $4.4 million to the gang of hackers who broke into its computer systems as it scrambled to get the nation's fuel pipeline back online.
EAGAN, Minn. (AP) — Jonathan Greenard was gassed, gasping for breath and gulping some water late in the game on Minnesota's sideline, having chased around Arizona quarterback Kyler Murray to the point of sheer exhaustion after fighting through an illness all week. The Cardinals faced fourth down in those closing seconds on Sunday , trailing by one, and Greenard needed a break. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.
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