CECO Environmental Announces Expiration of HSR Waiting Period
Willy Adames agrees to $182 million, 7-year deal with the Giants, AP source says Willy Adames has agreed to a $182 million, seven-year deal with San Francisco, providing the Giants with a power-hitting shortstop in the prime of his career, according to a person familiar with the negotiations. The person spoke to The Associated Press on condition of anonymity because the agreement was pending a physical. ESPN first reported the move. The 29-year-old Adames is coming off his best offensive season in the big leagues after hitting .251 with a career-high 32 homers and 112 RBIs with the Milwaukee Brewers. Arizona State makes College Football Playoff with 45-19 win over Iowa State in Big 12 title game ARLINGTON, Texas (AP) — Big 12 newcomer Arizona State will represent the conference in the 12-team College Football Playoff. Cam Skattebo ran for 170 yards and two scores while adding a touchdown catch the 12th-ranked Sun Devils beat No. 16 Iowa State 45-19 in the Big 12 championship game. The Sun Devils with 34-year-old head coach Kenny Dillingham are 11-2 after being the preseason pick to finish at the bottom of their new 16-team league. They have won six games in a row. Iowa State is 10-3, already the first 10-win season in the program's 133-year history. No. 16 Iowa State falls short in Big 12 title game again, this time with CFP at stake ARLINGTON, Texas (AP) — The stakes were higher for Iowa State, and the outcome was the same as the first for the Cyclones in their second trip to the Big 12 championship game. And the 112-year wait for a conference title will go on. No. 16 Iowa State was playing for a spot in the expanded 12-team College Football Playoff in a 45-19 loss to 12th-ranked Arizona State. Four years ago, neither Iowa State nor Oklahoma had a realistic path into the four-team tournament before the Sooners' 27-21 victory. The Cyclones haven't won a conference title since going 2-0 in the Missouri Valley Intercollegiate Athletic Association in 1912. Big 12's Yormark brings up hard choices for fans before sparsely attended title game ARLINGTON, Texas (AP) — College football fans are facing some hard choices in the expanded playoff system with some teams set to play away from home multiple times. Big 12 Commissioner Brett Yormark raised that point No. 12 Arizona State's 45-19 victory over 16th-ranked Iowa State. The announced crowd of 55,889 at the home of the Dallas Cowboys appeared far smaller. Yormark says he remains committed to having a Big 12 title game. Besides the issues of fans, there have been suggestions that some leagues might be better off without title games as it relates to playoff hopes. Lindsey Vonn competes in a pair of downhills, another step on her comeback trail at the age of 40 COPPER MOUNTAIN, Colo. (AP) — Lindsey Vonn finished in the middle of the pack in a pair of lower-level downhill events as she competed for the first time in nearly six years. The 40-year-old Vonn is on the comeback trail after stepping away from the sport because of injuries. Vonn wasn't concerned with times and places in the races so much as getting used to the speed again and gaining the necessary points to compete on the World Cup circuit. Vonn accomplished both, finishing 24th in the first downhill race of the day and 27th in the second. She posted on social media after the FIS races she had enough points to enter World Cup events. Justin Thomas with big drives and a few big putts takes 1-shot lead over Scheffler in the Bahamas NASSAU, Bahamas (AP) — Justin Thomas has a one-shot lead over Scottie Scheffler going into the final round of the Hero World Challenge in the Bahamas. Thomas is using a slightly longer driver and has been blasting away. He also was helped by two long putts on the back nine that carried him to 66 at windy Albany Golf Club. Scheffler muffed a chip on the 13th hole that cost him the lead and he never caught up. He still shot a 69 and will be in the last group with Thomas on Sunday. Tom Kim had a 62 and was two shots back. Oklahoma State coach Mike Gundy gets restructured deal after 3-9 season, according to reports Oklahoma State football coach Mike Gundy will be staying on with a restructured deal. That's according to news reports published on Saturday. The deal reportedly will shift some of his salary to revenue sharing with players. The Cowboys were among the preseason favorites in the Big 12, but a rash of injuries and problems at quarterback tanked the team, and the Cowboys went 3-9. The school's Board of Regents held a special meeting on Friday morning regarding his status, but no immediate action was taken. The fact that Gundy has 169 wins in 20 years plus a hefty buyout likely saved him from being fired outright. Norris takes pole for season-ending Abu Dhabi GP and Hamilton 18th in Mercedes farewell ABU DHABI, United Arab Emirates (AP) — Lando Norris took pole position for the last Formula 1 race of the season alongside teammate Oscar Piastri to put McLaren on the verge of a first constructors’ title in 26 years. Norris’ last lap put him .209 of a second faster than Piastri, with Ferrari’s Carlos Sainz Jr. .020 further back. Seven-time F1 champion Hamilton qualified 18th for his last race with Mercedes after a bizarre incident wrecked his final qualifying lap. A plastic pole marking the inside of a corner was knocked loose by Kevin Magnussen’s Haas and Hamilton drove over it. Man City drops more points after draw with Crystal Palace and Man United loses again Manchester City’s Premier League title defense has taken another blow after a 2-2 draw with Crystal Palace. Four-time defending champion City ended a seven-game winless run on Wednesday by beating Nottingham Forest. But City has dropped more points on Saturday after the draw at Selhurst Park. It could have been worse for City after Palace led twice. Pep Guardiola’s team is fourth in the standings and eight points behind leader Liverpool. Liverpool has a game in hand after its derby with Everton was postponed due to a storm. Malinin and Glenn win as US figure skaters take 3 gold medals at Grand Prix Final GRENOBLE, France (AP) — Ilia Malinin has landed six quadruple jumps and Amber Glenn has ended a 14-year wait for gold for the United States on an historic day for American figure skaters at the Grand Prix Final in Grenoble. Malinin and Glenn won their individual events and Madison Chock and Evan Bates retained their ice dance title on Saturday to earn the U.S. three of the four senior gold medals. Glenn continued her breakout unbeaten season and three-time world champion Kaori Sakamoto had to settle for third place.
As 2025 approaches, investors may start to think about how they want to approach the second half of the decade. Given technological trends, stocks driven by artificial intelligence (AI) will likely continue to prosper. The emergence of ChatGPT helped make Nvidia the AI stock of the decade's first half. But with its red-hot growth beginning to cool, many investors moved on to other stocks. While it is nearly impossible to predict the best performer for the rest of the decade, investors can expect that several stocks will probably deliver strong returns. Knowing that, three contributors at Fool.com have ideas as to which stocks might deliver those sought-after gains. Meta hits a new all-time high, but the party is just getting started Justin Pope (Meta Platforms): It's hard to overstate how remarkable a business Meta Platforms ( META 2.44% ) is. The company has a stranglehold on the world's social media landscape, with 3.29 billion people logging on to Facebook, Instagram, WhatsApp, or Threads daily. Social media apps are a fantastic distribution mechanism to serve digital ads, primarily how Meta generates more than $156 billion in (very profitable) annual revenue. Meta has leaned hard into artificial intelligence. The company has invested billions of dollars into data centers for computing capacity, developed a proprietary AI model (Llama), and woven AI technology into its digital ads business to make them more effective for customers. The stock's appeal is twofold. First, the company's digital ads business makes Meta a juggernaut in its present form. Analysts estimate Meta will grow earnings by 20% annually over the next three to five years. Yet, the stock's PEG ratio of 1.3 signals that Meta is still very reasonably priced for that growth -- even at all-time highs. In other words, Meta's growth outlook for the remainder of the 2020s looks strong, and you aren't overpaying for it. Second, Meta continually invests tons of money into Reality Labs, its AI and augmented reality segment. Reality Labs posted an operating loss of $11.4 billion through the first nine months in 2024. CEO Mark Zuckerberg believes it will turn profitable over time; otherwise, the company wouldn't invest the money and effort. Does that guarantee Mark Zuckerberg is right? Of course not. Still, Meta has proven its foresight and ability to position itself for success in years past ( Instagram and Reels ). The stock's strong existing ads business and hefty AI investments could make Meta a continued winner, especially if Reality Labs starts bearing fruit later this decade. SoundHound AI is a leader within the growing field of voice AI Jake Lerch (SoundHound AI): My pick is SoundHound AI ( SOUN 12.60% ) . First, a little background. SoundHound is a leader in the field of voice AI solutions. Its products help bridge the gap between human voices and AI models. For example, SoundHound has partnered with automakers like Honda , Hyundai , Mercedes-Benz , and others to power their in-car voice-activated chat. In addition to its automotive partnerships, SoundHound has made inroads in the casual-dining sector. As of this writing, its list of restaurant clients has grown to more than a dozen well-known brands, including Papa John's , Chipotle Mexican Grill , and Jersey Mike's. There are at least two big reasons why these high-profile companies are seeking out SoundHound: So, what is SoundHound's competitive advantage? In short, it has what's called a first-mover advantage. The company was founded in 2005, and its proprietary tech helps its tools deliver best-in-class speed and accuracy -- mimicking human-to-human conversation. Moreover, since SoundHound isn't a major tech conglomerate, some clients may feel more comfortable partnering with the company. In other words, SoundHound AI offers its clients an alternative to big-tech voice AI provided by Amazon , Apple , or Google ( Alphabet ). Finally, the company's position within the ongoing AI boom bodes well for the future. As noted, it seems every business is eagerly chasing down opportunities to utilize AI tools to drive higher profitability. As the public becomes more and more familiar with AI voice interactions, more industries will roll out voice-powered AI for customer interactions. SoundHound AI is an up-and-coming AI stock that still has plenty of room to grow -- and it's a name that investors should remember. This cybersecurity stock should strike a chord with investors Will Healy (CrowdStrike): When it comes to cybersecurity stocks , CrowdStrike ( CRWD 0.22% ) may look closer to a stock to avoid. The company continues to deal with the fallout from its July 19 outage, and with the stock having recovered most of its lost value, it may appear to have little upside left. Indeed, the stock has risen more than 50% over the last year, even when accounting for the summer outage. Moreover, its price-to-sales (P/S) ratio of 24 makes it is a more expensive stock than its most direct competitors. Nonetheless, the outage may have strangely increased trust in the company. CrowdStrike quickly admitted fault when the incident occurred and promptly issued a fix. Such a move shows CrowdStrike cares more about its long-term reputation than its short-term performance. Furthermore, CrowdStrike has positioned itself to capitalize on the growing need for cybersecurity. Fortune Business Insights forecasts a compound annual growth rate (CAGR) of 14% through 2032 amid a growing need to protect cloud and AI workloads. CrowdStrike plans to capture more of this increasing demand with the company's Falcon platform, an AI-native cybersecurity ecosystem. Also, its Charlotte AI security product can use plain language questions to discover hidden threats, speed up decision-making, and automate error-prone tasks that can lead to security breaches. Additionally, CrowdStrike's numerous offerings help it capture more business from new and current customers. According to the company, 66% of customers subscribe to five or more modules. In the first nine months of fiscal 2025 (ended Oct. 31), this increased adoption led to $2.9 billion in revenue, 31% more than the same period in fiscal 2024. Admittedly, investors may not want to buy the stock as long as it maintains an elevated valuation. However, five years of sales growth will make that multiple less significant over time, and as the company moves on from the outage, its continuing growth should mean stock gains over the second half of the decade.Stocks closed higher on Wall Street, giving the market its fifth gain in a row and notching another record high for the Dow Jones Industrial Average. The S&P 500 rose 0.3% Friday. The Dow added 1%, and the Nasdaq composite tacked on 0.2%. Retailers had some of the biggest gains. Gap soared after reporting quarterly results that easily beat analysts’ estimates. EchoStar fell after DirecTV called off its purchase of that company’s Dish Network unit. European markets closed mostly higher and Asian markets ended mixed. Treasury yields held relatively steady in the bond market. Crude oil prices gained ground. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. Stocks rose on Wall Street in afternoon trading Friday, keeping the market on track for its fifth straight gain. The S&P 500 was up 0.2% and was solidly on track for a weekly gain that will erase most of last week's loss. The Dow Jones Industrial Average climbed 333 points, or 0.8%, and the Nasdaq composite was essentially flat with a gain of less than 0.1% as of 3:07 p.m. Eastern. Markets have been volatile over the last few weeks, losing ground in the runup to elections in November, then surging following Donald Trump's victory, before falling again. The S&P 500 has been steadily rising throughout this week to within close range of its record. “Overall, market behavior has normalized following an intense few weeks,” said Mark Hackett, chief of investment research at Nationwide, in a statement. Several retailers jumped after giving Wall Street encouraging financial updates. Gap soared 10.8% after handily beating analysts' third-quarter earnings and revenue expectations, while raising its own revenue forecast for the year. Discount retailer Ross Stores rose 1.5% after raising its earnings forecast for the year. EchoStar fell 2.4% after DirecTV called off its purchase of that company's Dish Network unit. Smaller company stocks had some of the biggest gains. The Russell 2000 index rose 1.8%. A majority of stocks in the S&P 500 were gaining ground, but those gains were kept in check by slumps for several big technology companies. Nvidia fell 3.3%. Its pricey valuation makes it among the heaviest influences on whether the broader market gains or loses ground. The company has grown into a nearly $3.6 trillion behemoth because of demand for its chips used in artificial-intelligence technology. Intuit, which makes TurboTax and other accounting software, fell 5.6%. It gave investors a quarterly earnings forecast that fell short of analysts’ expectations. Facebook owner Meta Platforms fell 0.8% following a decision by the Supreme Court to allow a multibillion-dollar class action investors’ lawsuit to proceed against the company. It stems from the privacy scandal involving the Cambridge Analytica political consulting firm. European markets closed mostly higher and Asian markets ended mixed. Crude oil prices rose. Treasury yields held relatively steady in the bond market. The yield on the 10-year Treasury fell to 4.41% from 4.42% late Thursday. In the crypto market, Bitcoin hovered around $99,000, according to CoinDesk. It has more than doubled this year and first surpassed the $99,000 level on Thursday. Retailers remained a big focus for investors this week amid close scrutiny on consumer spending habits headed into the holiday shopping season. Walmart, the nation's largest retailer, reported a quarter of strong sales and gave investors an encouraging financial forecast. Target, though, reported weaker earnings than analysts' expected and its forecast disappointed Wall Street. Consumer spending has fueled economic growth, despite a persistent squeeze from inflation and high borrowing costs. Inflation has been easing and the Federal Reserve has started trimming its benchmark interest rates. That is likely to help relieve pressure on consumers, but any major shift in spending could prompt the Fed to reassess its path ahead on interest rates. Also, any big reversals on the rate of inflation could curtail spending. Consumer sentiment remains strong, according to the University of Michigan's consumer sentiment index. It revised its latest figure for November to 71.8 from an initial reading of 73 earlier this month, though economists expected a slight increase. It's still up from 70.5 in October. The survey also showed that consumers' inflation expectations for the year ahead fell slightly to 2.6%, which is the lowest reading since December of 2020. Wall Street will get another update on how consumers feel when the business group The Conference Board releases its monthly consumer confidence survey on Tuesday. A key inflation update will come on Wednesday when the U.S. releases its October personal consumption expenditures index. The PCE is the Fed's preferred measure of inflation and this will be the last PCE reading prior to the central bank's meeting in December.HAMISH MCRAE: There's method in the Bitcoin madness
Private equity sharks cash in on foster careBEIRUT (AP) — Insurgents' stunning march across Syria accelerated Saturday with news that they had reached the gates of the capital and that government forces had abandoned the central city of Homs. The government was forced to deny rumors that President Bashar Assad had fled the country. The loss of Homs is a potentially crippling blow for Assad. It stands at an important intersection between Damascus and Syria’s coastal provinces of Latakia and Tartus — the Syrian leader’s base of support and home to a Russian strategic naval base. The pro-government Sham FM reported that government forces took positions outside Syria’s third-largest city, without elaborating. Rami Abdurrahman who heads the Britain-based Syrian Observatory for Human Rights, said Syrian troops and members of different security agencies have withdrawn from the city, adding that rebels have entered parts of it. The capture of Homs is a major victory for insurgents, who have already seized the cities of Aleppo and Hama , as well as large parts of the south, in a lightning offensive that began Nov. 27. Analysts said Homs falling into rebel hands would be a game-changer. The rebels' moves around Damascus, reported by the monitor and a rebel commander, came after the Syrian army withdrew from much of southern part of the country, leaving more areas, including several provincial capitals, under the control of opposition fighters. For the first time in the country’s long-running civil war, the government now has control of only three of 14 provincial capitals: Damascus, Latakia and Tartus. The advances in the past week were among the largest in recent years by opposition factions, led by a group that has its origins in al-Qaida and is considered a terrorist organization by the U.S. and the United Nations. In their push to overthrow Assad's government, the insurgents, led by the Hayat Tahrir al-Sham group, or HTS, have met little resistance from the Syrian army. The rapid rebel gains, coupled with the lack of support from Assad's erstwhile allies, posed the most serious threat to his rule since the start of the war. The U.N.’s special envoy for Syria, Geir Pedersen, on Saturday called for urgent talks in Geneva to ensure an “orderly political transition.” Speaking to reporters at the annual Doha Forum in Qatar, he said the situation in Syria was changing by the minute. Russian Foreign Minister Sergey Lavrov, whose country is Assad's chief international backer, said he feels “sorry for the Syrian people.” In Damascus, people rushed to stock up on supplies. Thousands went to Syria's border with Lebanon, trying to leave the country. Many shops in the capital were shuttered, a resident told The Associated Press, and those still open ran out of staples such as sugar. Some were selling items at three times the normal price. “The situation is very strange. We are not used to that,” the resident said, insisting on anonymity, fearing retributions. “People are worried whether there will be a battle (in Damascus) or not.” It was the first time that opposition forces reached the outskirts of Damascus since 2018, when Syrian troops recaptured the area following a yearslong siege. The U.N. said it was moving noncritical staff outside the country as a precaution. Syria’s state media denied social media rumors that Assad left the country, saying he is performing his duties in Damascus. He has had little, if any, help from his allies. Russia, is busy with its war in Ukraine . Lebanon’s Hezbollah, which at one point sent thousands of fighters to shore up Assad's forces, has been weakened by a yearlong conflict with Israel. Iran has seen its proxies across the region degraded by regular Israeli airstrikes. U.S. President-elect Donald Trump on Saturday posted on social media that that the United States should avoid engaging militarily in Syria. Pedersen said a date for talks in Geneva on the implementation a U.N. resolution, adopted in 2015, and calling for a Syrian-led political process, would be announced later. The resolution calls for the establishment of a transitional governing body, followed by the drafting of a new constitution and ending with U.N.-supervised elections. Later Saturday, foreign ministers and senior diplomats from eight key countries, including Saudi Arabia, Russia, Egypt, Turkey and Iran, along with Pederson, gathered on the sidelines of the Doha Summit to discuss the situation in Syria. In a statement issued late Saturday, the participants affirmed their support for a political solution to the Syrian crisis “that would lead to the end of military activity and protect civilians.” They also agreed on the importance of strengthening international efforts to increase aid to the Syrian people. Rami Abdurrahman, who heads the Britain-based Syrian Observatory for Human Rights, an opposition war monitor, said insurgents were in the Damascus suburbs of Maadamiyah, Jaramana and Daraya. Opposition fighters were marching toward the Damascus suburb of Harasta, he added. A commander with the insurgents, Hassan Abdul-Ghani, posted on the Telegram messaging app that opposition forces had begun the “final stage” of their offensive by encircling Damascus. HTS controls much of northwest Syria and in 2017 set up a “salvation government” to run day-to-day affairs in the region. In recent years, HTS leader Abu Mohammed al-Golani has sought to remake the group’s image, cutting ties with al-Qaida, ditching hard-line officials and vowing to embrace pluralism and religious tolerance. The shock offensive began Nov. 27, during which gunmen captured the northern city of Aleppo, Syria’s largest, and the central city of Hama , the country’s fourth largest city. Opposition activists said Saturday that a day earlier, insurgents entered Palmyra, which is home to invaluable archaeological sites had been in government hands since being taken from the Islamic State group in 2017. To the south, Syrian troops left much of the province of Quneitra including the main Baath City, activists said. Syrian Observatory said government troops have withdrawn from much of the two southern provinces. The Syrian army said in a statement that it carried out redeployment and repositioning in Sweida and Daraa after its checkpoints came under attack by “terrorists." The army said it was setting up a “strong and coherent defensive and security belt in the area,” apparently to defend Damascus from the south. The Syrian government has referred to opposition gunmen as terrorists since conflict broke out in March 2011. The foreign ministers of Iran, Russia and Turkey, meeting in Qatar, called for an end to the hostilities. Turkey is a main backer of the rebels. Qatar's top diplomat, Sheikh Mohammed bin Abdulrahman Al Thani, criticized Assad for failing to take advantage of the lull in fighting in recent years to address the country’s underlying problems. “Assad didn’t seize this opportunity to start engaging and restoring his relationship with his people,” he said. Sheikh Mohammed said he was surprised by how quickly the rebels have advanced and said there is a real threat to Syria’s “territorial integrity.” He said the war could “damage and destroy what is left if there is no sense of urgency” to start a political process. Karam reported from London. Associated Press writers Albert Aji in Damascus, Syria; Qassim Abdul-Zahra in Baghdad; and Josef Federman and Victoria Eastwood in Doha, Qatar, contributed to this report.
None
Wellness takes a creative twist with music and art at the coreUK ready for ‘all eventualities’ if Trump launches trade war, says Reynolds
Wild first season in expanded Big 12 comes down to final weekendShares of Navitas Semiconductor Corp . ( NVTS 17.45% ) rallied 22.3% on Thursday, as of 3:00 p.m. ET. Navitas is a small-cap chip designer that specializes in power-efficient designs for electric vehicles, electric infrastructure, and artificial intelligence (AI) data centers. With the severe slowdown in EV and electrical infrastructure spending this year, Navitas' stock had been hurt. However, some new product announcements on Thursday caused shares to bounce back big. New products for CES On Thursday, Navitas put out a press release listing all the new chipsets it would debut at the Consumer Electronics Show (CES) that takes place in Las Vegas every January. CES is a big industry event where virtually all tech companies show off their latest and greatest gadgets. The list of new Navitas products includes various chipsets made of gallium nitride (GaN) and silicon carbide (SiC), which are novel materials with high conductivity and heat dissipation qualities. Thus, these expensive materials generate lots of savings in power- and heat-intensive applications like electric vehicles, infrastructure, and power-hungry AI data centers. It's a bit difficult to know exactly which product might have generated such enthusiasm for the stock today, but the release did highlight a few products specifically geared toward AI data centers. Artificial intelligence stocks, especially off-the-radar small-caps that serve AI, have risen a lot in the past few days, so Navitas appears to be lumped in with that cohort of speculative AI bets. Think twice before chasing While today's rally was nice, recent buying in smaller AI stocks seems like speculation, which could be dangerous. Navitas only reported $21.6 million in revenue last quarter with a $29 million operating loss, and actually guided for revenues to be down sequentially in the fourth quarter. While these new products may turn the ship around, investors should wait to see an actual upturn in results before chasing this rally.None
Stocks closed higher on Wall Street as the market posted its fifth straight gain and the Dow Jones Industrial Average notched another record high. The S&P 500 rose 0.3%. The benchmark index’s 1.7% gain for the week erased most of its loss from last week. The Dow rose 1% as it nudged past its most recent high set last week, and the Nasdaq composite rose 0.2%. Markets have been volatile over the last few weeks, losing ground in the runup to elections in November, then surging following Donald Trump's victory, before falling again. The S&P 500 has been steadily rising throughout this week to within close range of its record. It's now within about 0.5% of its all-time high set last week. “Overall, market behavior has normalized following an intense few weeks,” said Mark Hackett, chief of investment research at Nationwide, in a statement. Several retailers jumped after giving Wall Street encouraging financial updates. Gap soared 12.8% after handily beating analysts' third-quarter earnings and revenue expectations, while raising its own revenue forecast for the year. Discount retailer Ross Stores rose 2.2% after raising its earnings forecast for the year. EchoStar fell 2.8% after DirecTV called off its purchase of that company's Dish Network unit. Smaller company stocks had some of the biggest gains. The Russell 2000 index rose 1.8%. A majority of stocks in the S&P 500 gained ground, but those gains were kept in check by slumps for several big technology companies. Nvidia fell 3.2%. Its pricey valuation makes it among the heaviest influences on whether the broader market gains or loses ground. The company has grown into a nearly $3.6 trillion behemoth because of demand for its chips used in artificial-intelligence technology. Intuit, which makes TurboTax and other accounting software, fell 5.7%. It gave investors a quarterly earnings forecast that fell short of analysts’ expectations. Facebook owner Meta Platforms fell 0.7% following a decision by the Supreme Court to allow a multibillion-dollar class action investors’ lawsuit to proceed against the company. It stems from the privacy scandal involving the Cambridge Analytica political consulting firm. All told, the S&P 500 rose 20.63 points to 5,969.34. The Dow climbed 426.16 points to 44,296.51, and the Nasdaq picked up 42.65 points to close at 2,406.67. European markets closed mostly higher and Asian markets ended mixed. Crude oil prices rose. Treasury yields held relatively steady in the bond market. The yield on the 10-year Treasury fell to 4.41% from 4.42% late Thursday. In the crypto market, bitcoin hovered around $99,000, according to CoinDesk. It has more than doubled this year and first surpassed the $99,000 level on Thursday. Retailers remained a big focus for investors this week amid close scrutiny on consumer spending habits headed into the holiday shopping season. Walmart, the nation's largest retailer, reported a quarter of strong sales and gave investors an encouraging financial forecast. Target, though, reported weaker earnings than analysts' expected and its forecast disappointed Wall Street. Consumer spending has fueled economic growth, despite a persistent squeeze from inflation and high borrowing costs. Inflation has been easing and the Federal Reserve has started trimming its benchmark interest rates. That is likely to help relieve pressure on consumers, but any major shift in spending could prompt the Fed to reassess its path ahead on interest rates. Also, any big reversals on the rate of inflation could curtail spending. Consumer sentiment remains strong, according to the University of Michigan's consumer sentiment index. It revised its latest figure for November to 71.8 from an initial reading of 73 earlier this month, though economists expected a slight increase. It's still up from 70.5 in October. The survey also showed that consumers' inflation expectations for the year ahead fell slightly to 2.6%, which is the lowest reading since December of 2020. Wall Street will get another update on how consumers feel when the business group The Conference Board releases its monthly consumer confidence survey on Tuesday. A key inflation update will come on Wednesday when the U.S. releases its October personal consumption expenditures index. The PCE is the Fed's preferred measure of inflation and this will be the last PCE reading prior to the central bank's meeting in December.
Facebook Twitter WhatsApp SMS Email Print Copy article link Save The new, 12-team College Football Playoff brings with it a promise to be bigger, more exciting, more lucrative. Perfect or 100% fair? Well, nobody ever believed that. The first expanded playoff bracket unveiled Sunday left a presumably deserving Alabama team on the sideline in favor of an SMU squad with a better record after playing a schedule that was not as difficult. It ranked undefeated Oregon first but set up a possible rematch against Ohio State, the team that came closest to beating the Ducks this year. It treated underdog Boise State like a favorite and banged-up Georgia like a world beater at No. 2. It gave Ohio State home-field advantage against Tennessee for reasons it would take a supercomputer to figure out. It gave the sport the multiweek tournament it has longed for, but also ensured there will be plenty to grouse about between now and when the trophy is handed out on Jan. 20 after what will easily be the longest college football season in history. People are also reading... OSU football: A prediction gone badly wrong The real reason Corvallis' Pastega Lights moved to Linn County Corvallis chemical manufacturer eyes Albany for expansion UPDATED: GAPS teacher strike NOT off after talks over returning to the classroom break down Corvallis decides layout for new civic campus — with a side of strife Agreement reached (again), GAPS teachers get new contract Albany man pleads to numerous sex crimes Philomath moves forward following July Nazi flag controversy Court dismisses jail-related Benton County whistleblower complaint 2025 to bring rate increases, new fee for hauling Corvallis waste Graduate employees reach deal with OSU to end strike Corvallis Samaritan hospital has new CEO Graduate strike at OSU continues. What's the holdup? OSU football: Beavers add 18 players as signing period opens As I See It: Six reasons why Trump won again All of it, thankfully, will be sorted out on the field starting with first-round games on campuses Dec. 20 and 21, then over three succeeding rounds that will wind their way through traditional bowl sites. Maybe Oregon coach Dan Lanning, whose undefeated Ducks are the favorite to win it all, put it best when he offered: "Winning a national championship is not supposed to be easy.” Neither, it turns out, is figuring out who should play for it. SMU quarterback Kevin Jennings passes the ball in the first half of the ACC championship game against Clemson on Saturday in Charlotte, N.C. The Big Ten will lead the way with four teams in the tournament, followed by the SEC with three and the ACC with two. The lasting memory from the inaugural bracket will involve the decision that handed the ACC that second bid. Alabama of the SEC didn't play Saturday. SMU of the ACC did. The Mustangs fell behind by three touchdowns to Clemson before coming back to tie. But they ultimately lost 34-31 on a 56-yard field goal as time expired. “We were on pins and needles,” SMU coach Rhett Lashley said. “Until we saw the name ‘SMU’ up there, we were hanging on the edge. We're really, really happy and thankful to the committee for rewarding our guys for their total body of work." The Mustangs only had two losses, compared to three for the Crimson Tide. Even though SMU's schedule wasn't nearly as tough, the committee was impressed by the way the Mustangs came back against Clemson. “We just felt, in this particular case, SMU had the nod above Alabama,” said Michigan athletic director Warde Manuel, the chairman of the selection committee. “But it’s no disrespect to Alabama’s strength of schedule. We looked at the entire body of work for both teams.” Oregon offensive lineman Iapani Laloulu celebrates after winning the Big Ten championship game against Penn State on Saturday in Indianapolis. Georgia, the SEC champion, was seeded second; Boise State, the Mountain West champion, earned the third seed; and Big 12 titlist Arizona State got the fourth seed and the fourth and final first-round bye. All will play in quarterfinals at bowl games on Dec. 31-Jan. 1. Clemson stole a bid and the 12th seed with its crazy win over SMU, the result that ultimately cost Alabama a spot in the field. The Tigers moved to No. 16 in the rankings, but got in as the fifth-best conference winner. Automatic byes and bids made the bracket strange The conference commissioners' idea to give conference champions preferable treatment in this first iteration of the 12-team playoff could be up for reconsideration after this season. The committee actually ranked Boise State, the Mountain West Champion, at No. 9 and Big 12 champion Arizona State at No. 12, but both get to skip the first round. Another CFP guideline: There’s no reseeding of teams after each round, which means no break for Oregon. The top-seeded Ducks will face the winner of Tennessee-Ohio State in the Rose Bowl. Oregon beat Ohio State 32-31 earlier this year in one of the season’s best games. Texas linebacker Anthony Hill Jr. hits Georgia quarterback Gunner Stockton during the second half of the SEC championship game on Saturday in Atlanta. No. 12 Clemson at No. 5 Texas, Dec. 21: Clemson is riding high after the SMU upset, while Texas is 0-2 against Georgia and 11-0 vs. everyone else this season. The winner faces ... Arizona State in the Peach Bowl. Huh? No. 11 SMU at No. 6 Penn State, Dec. 21: The biggest knock against the Mustangs was that they didn't play any big boys with that 60th-ranked strength of schedule. Well, now they get to. The winner faces ... Boise State in the Fiesta Bowl. Yes, SMU vs. Boise was the quarterfinal we all expected. No. 10 Indiana at No. 7 Notre Dame, Dec. 20: Hoosiers coach Curt Cignetti thought his team deserved a home game. Well, not quite but close. The winner gets ... Georgia in the Sugar Bowl. The Bulldogs got the No. 2 seed despite a throwing-arm injury to QB Carson Beck. But what else was the committee supposed to do? No. 9 Tennessee at No. 8 Ohio State, Dec. 21: The Buckeyes (losses to Oregon, Michigan) got home field over the Volunteers (losses to Arkansas, Georgia) in a matchup of programs with two of the biggest stadiums in football. The winner faces ... Oregon in the Rose Bowl. Feels like that matchup should come in the semifinals or later. Sports Week in Photos: NBA Cup, NFL snow game and more Buffalo Bills quarterback Josh Allen, foreground right, dives toward the end zone to score past San Francisco 49ers defensive end Robert Beal Jr. (51) and linebacker Dee Winters during the second half of an NFL football game in Orchard Park, N.Y., Sunday, Dec. 1, 2024. (AP Photo/Adrian Kraus) Houston Rockets guard Jalen Green goes up for a dunk during the second half of an Emirates NBA cup basketball game against the Minnesota Timberwolves, Tuesday, Nov. 26, 2024, in Minneapolis. (AP Photo/Abbie Parr) South Carolina guard Maddy McDaniel (1) drives to the basket against UCLA forward Janiah Barker (0) and center Lauren Betts (51) during the first half of an NCAA college basketball game, Sunday, Nov. 24, 2024, in Los Angeles. (AP Photo/Eric Thayer) Mari Fukada of Japan falls as she competes in the women's Snowboard Big Air qualifying round during the FIS Snowboard & Freeski World Cup 2024 at the Shougang Park in Beijing, Saturday, Nov. 30, 2024. (AP Photo/Andy Wong) LSU punter Peyton Todd (38) kneels in prayer before an NCAA college football game against Oklahoma in Baton Rouge, La., Saturday, Nov. 30, 2024. LSU won 37-17. (AP Photo/Gerald Herbert) South Africa's captain Temba Bavuma misses a catch during the fourth day of the first Test cricket match between South Africa and Sri Lanka, at Kingsmead stadium in Durban, South Africa, Saturday, Nov. 30, 2024. (AP Photo/Themba Hadebe) Philadelphia Eagles running back Saquon Barkley, left, is hit by Baltimore Ravens cornerback Marlon Humphrey, center, as Eagles wide receiver Parris Campbell (80) looks on during a touchdown run by Barkley in the second half of an NFL football game, Sunday, Dec. 1, 2024, in Baltimore. (AP Photo/Stephanie Scarbrough) Los Angeles Kings left wing Warren Foegele, left, trips San Jose Sharks center Macklin Celebrini, center, during the third period of an NHL hockey game Monday, Nov. 25, 2024, in San Jose, Calif. (AP Photo/Godofredo A. Vásquez) Olympiacos' Francisco Ortega, right, challenges for the ball with FCSB's David Miculescu during the Europa League league phase soccer match between FCSB and Olympiacos at the National Arena stadium, in Bucharest, Romania, Thursday, Nov. 28, 2024. (AP Photo/Andreea Alexandru) Brazil's Botafogo soccer fans react during the Copa Libertadores title match against Atletico Mineiro in Argentina, during a watch party at Nilton Santos Stadium, in Rio de Janeiro, Saturday, Nov. 30, 2024. (AP Photo/Bruna Prado) Seattle Kraken fans react after a goal by center Matty Beniers against the San Jose Sharks was disallowed due to goaltender interference during the third period of an NHL hockey game Saturday, Nov. 30, 2024, in Seattle. The Sharks won 4-2. (AP Photo/Lindsey Wasson) New York Islanders left wing Anders Lee (27), center, fight for the puck with Boston Bruins defensemen Parker Wotherspoon (29), left, and Brandon Carlo (25), right during the second period of an NHL hockey game, Wednesday, Nov. 27, 2024, in Elmont, N.Y. (AP Photo/Julia Demaree Nikhinson) Jiyai Shin of Korea watches her shot on the 10th hole during the final round of the Australian Open golf championship at the Kingston Heath Golf Club in Melbourne, Australia, Sunday, Dec. 1, 2024. (AP Photo/Asanka Brendon Ratnayake) Mathilde Gremaud of Switzerland competes in the women's Freeski Big Air qualifying round during the FIS Snowboard & Freeski World Cup 2024 at the Shougang Park in Beijing, Friday, Nov. 29, 2024. (AP Photo/Andy Wong) Lara Gut-Behrami, of Switzerland, competes during a women's World Cup giant slalom skiing race, Saturday, Nov. 30, 2024, in Killington, Vt. (AP Photo/Robert F. Bukaty) New York Islanders goaltender Ilya Sorokin cools off during first period of an NHL hockey game against the Boston Bruins, Wednesday, Nov. 27, 2024, in Elmont, N.Y. (AP Photo/Julia Demaree Nikhinson) Brazil's Amanda Gutierres, second right, is congratulated by teammate Yasmin, right, after scoring her team's first goal during a soccer international between Brazil and Australia in Brisbane, Australia, Thursday, Nov. 28, 2024. (AP Photo/Pat Hoelscher) Las Vegas Raiders tight end Brock Bowers (89) tries to leap over Kansas City Chiefs cornerback Joshua Williams (2) during the first half of an NFL football game in Kansas City, Mo., Friday, Nov. 29, 2024. (AP Photo/Ed Zurga) Luiz Henrique of Brazil's Botafogo, right. is fouled by goalkeeper Everson of Brazil's Atletico Mineiro inside the penalty area during a Copa Libertadores final soccer match at Monumental stadium in Buenos Aires, Argentina, Saturday, Nov. 30, 2024. (AP Photo/Natacha Pisarenko) England's Alessia Russo, left, and United States' Naomi Girma challenge for the ball during the International friendly women soccer match between England and United States at Wembley stadium in London, Saturday, Nov. 30, 2024. (AP Photo/Kirsty Wigglesworth) Gold medalists Team Netherlands competes in the Team Sprint Women race of the ISU World Cup Speed Skating Beijing 2024 held at the National Speed Skating Oval in Beijing, Sunday, Dec. 1, 2024. (AP Photo/Ng Han Guan) Minnesota Vikings running back Aaron Jones (33) reaches for an incomplete pass ahead of Arizona Cardinals linebacker Mack Wilson Sr. (2) during the second half of an NFL football game Sunday, Dec. 1, 2024, in Minneapolis. (AP Photo/Abbie Parr) Melanie Meillard, center, of Switzerland, competes during the second run in a women's World Cup slalom skiing race, Sunday, Dec. 1, 2024, in Killington, Vt. (AP Photo/Robert F. Bukaty) Get local news delivered to your inbox!