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An archbishop's knock formally restores Notre Dame to life as winds howl and heads of state look onALPINE, Texas (AP) — Three U.S. Army soldiers at Fort Cavazos, Texas, have been arrested on human smuggling charges, U.S. Attorney Jaime Esparza for the Western District of Texas said Thursday. Soldiers Emilio Mendoza Lopez, Angel Palma, 20, and Enrique Jauregui, 25, were arrested after a vehicle allegedly driven by Palma and carrying Mendoza Lopez, a Mexican national and two Guatemalan nationals was stopped Nov. 27 by law enforcement in Presidio along the border with Mexico, about 500 miles (805 kilometers) southwest of Dallas. Mike Lahrman, a spokesman for Esparza, said he did not know the soldier’s ranks or whether action had been taken against them by the military. A spokesman for Fort Cavazos did not immediately respond to a request for comment. “Mendoza Lopez and Palma allegedly traveled from Fort Cavazos to Presidio for the purpose of picking up and transporting undocumented noncitizens,” Esparza said in a statement. “Jauregui is alleged to be the recruiter and facilitator of the human smuggling conspiracy,” according to Esparza. “Data extracted from Palma’s phone through a search warrant revealed messages between the three soldiers indicating collaboration in the smuggling operation.” Related Articles National News | Memphis police use excessive force and discriminate against Black people, Justice Department finds National News | Two children wounded and gunman dead after shooting at Northern California school National News | Abandoned mines in the US pose dangers to people and property when land gives way National News | Dog food recalled in 7 states for salmonella risk after puppy litter gets sick, FDA says National News | White House says at least 8 US telecom firms, dozens of nations impacted by China hacking campaign Mendoza Lopez was arrested at the scene of the Nov. 27 traffic stop while Palma, who prosecutors said fled the scene of the traffic stop, and Jauregui were arrested Tuesday at Fort Cavazos, about 125 miles (201 kilometers) south of Dallas, Lahrman said. Mendoza Lopez’s attorney, Shane Chriesman, said he is awaiting more information, known as discovery, from prosecutors on the charge. “Once I get discovery and have a chance to assess the case we’ll develop a plan of attack” and will try to get a bond set for Mendoza Lopez, who is currently jailed without bail, Chriesman said. No attorneys are listed in jail records who could speak for for Palma and Jauregui, who are awaiting their first court appearance on Friday, according to Esparza.
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Shares of Spero Therapeutics, Inc. ( NASDAQ:SPRO – Get Free Report ) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.28 and traded as low as $0.94. Spero Therapeutics shares last traded at $1.03, with a volume of 330,176 shares changing hands. Wall Street Analysts Forecast Growth A number of equities research analysts recently issued reports on the stock. HC Wainwright reiterated a “buy” rating and set a $5.00 price objective on shares of Spero Therapeutics in a research report on Monday, December 2nd. TD Cowen restated a “hold” rating on shares of Spero Therapeutics in a research report on Monday, November 18th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Spero Therapeutics in a research report on Friday, November 15th. Finally, Evercore ISI cut Spero Therapeutics from an “outperform” rating to an “in-line” rating and set a $5.00 price objective on the stock. in a research note on Friday, December 20th. Get Our Latest Stock Analysis on Spero Therapeutics Spero Therapeutics Price Performance Hedge Funds Weigh In On Spero Therapeutics A hedge fund recently raised its stake in Spero Therapeutics stock. Acadian Asset Management LLC grew its holdings in Spero Therapeutics, Inc. ( NASDAQ:SPRO – Free Report ) by 40.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,071,860 shares of the company’s stock after purchasing an additional 309,262 shares during the period. Acadian Asset Management LLC owned about 1.99% of Spero Therapeutics worth $1,392,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 25.60% of the company’s stock. About Spero Therapeutics ( Get Free Report ) Spero Therapeutics, Inc, a clinical-stage biopharmaceutical company, focuses on identifying, developing, and commercializing novel treatments for multi-drug resistant (MDR) bacterial infections and rare diseases in the United States. The company’s product candidates include tebipenem pivoxil hydrobromide (HBr), an oral carbapenem-class antibiotic to treat complicated urinary tract infections, including pyelonephritis for adults; SPR206, an intravenous-administered antibiotic against MDR Gram-negative pathogens comprising carbapenem-resistant enterobacterales (CRE), acinetobacter baumannii, and pseudomonas aeruginosa, as well as negative bacterial infections in the hospital setting; and SPR720, a novel oral antibiotic agent for the treatment of non-tuberculous mycobacterial pulmonary disease. See Also Receive News & Ratings for Spero Therapeutics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spero Therapeutics and related companies with MarketBeat.com's FREE daily email newsletter .Quebec condemns Nazi reference at pro-Palestinian protest in Montreal
As the year draws to a close, Wall Street is embracing the holiday spirit with a stock market Santa rally that has seen substantial gains across major indexes. The S&P 500 increased by 1.1%, the Nasdaq Composite by 1.4% and the Dow Jones Industrial Average by 0.9%. These absolute gains are the beginning of the traditional stock market Santa rally, a five-day period of trading taking place around the end of December and the first two days of January. Investors are hopeful, encouraged even, by the exuberance of the tech world, particularly, by the top performer, Nvidia. With markets winding down for the Christmas break, the holiday rally has provided a welcome boost to portfolios, bringing stocks back on course toward record highs after a dip earlier this month. As New Year’s Eve draws near, the stock market Santa rally could set the stage for a very active 2025. Table of Contents What is Stock Market Santa Rally? Tech Stocks Lead the Charge Wall Street Reflects on the Fed’s Next Move Market Outlook for 2025 What is Stock Market Santa Rally? In the discussed context, “Stock Market Santa Rally” refers to the historical tendency of stock market gains occurring during the last days of December, between Christmas and New Year’s, that often spill over into the first few days of January. This period is often characterized by higher market optimism, which is influenced by factors such as increased investor confidence, year-end portfolio adjustments, and holiday-season spending. Much of the rally is usually facilitated by performing sectors such as technology; investors always bet on reaping last-minute gains that would propel this year before the calendar hits the New Year. Into 2024, that rally came with considerable leaps in leading major stock market indices driven by stocks including Nvidia-technology which added a fillip to investors’ morale going into the new year. Tech Stocks Lead the Charge The driving force behind the ongoing stock market rally has been tech, specifically, Nvidia platters. One of the industry’s most admired companies for its market position in AI chips, Nvidia has been a keystone in pushing this recent wave. The company’s stock gained by 3.5% in a day as a result of its exceptional 2024. Nvidia in particular has achieved strong year-to-date (180% growth, prompting many to question if this momentum can be maintained going into 2025. Among the other large tech companies, Tesla, Arm Holdings, and Broadcom have also been among the biggest gainers in the stock market rallying with significant gains. As these companies continue to perform well, they provide the foundation for broader market optimism. The Santa rally is a period where investors traditionally realign capital, often in directions related to sectors in growth orientation. Wall Street Reflects on the Fed’s Next Move Even with this momentum, there are shadows looming on the horizon. On Wall Street, the Federal Reserve’s next move on interest rates is anticipated wondering. Because inflation is still higher than the Fed’s 2% target, investors are “looking forward” to the Fed’s action in the economy in 2025. A lot of analysts are putting their money on steadiness at the first two meetings of the year, with cuts possible in May, if inflation trends continue in that direction. These issues do not, however, beget weakness in the stock market Santa rally, but instead set the stage for an investor’s expectation going into the new year. There is potential for additional savings in rate (if not action) in order to be a driver of further market increase, but inflation is a factor. If inflation is not easy to tame, the Fed’s actions between now and the coming months will have an important bearing on the timescale of the rally. Market Outlook for 2025 Moving forward, the Santa rally is also a reason to think it will still be a stellar year for equities in 2025. However, challenges remain. We also observed, not too long ago this year, that the pressure exerted by inflation and decisions of the Fed on interest rates could have a significant impact on stock market performance. Investors in particular will be highly sensitive to policy shifts and economic indicators leading up to the new year. Yet, some early potency of the rally, especially in technology, suggests that 2025 will also be on a fashionably late 2024 uptrend. Leading the way, industry giants Nvidia and Tesla are only just the tip of an incredible year’s market in fact. The stock market Santa rally has again become strong as a gift for investors during the Christmas season. With the technology sector continuing to be one of the pillars of the market rally and the market’s reawakening after a period of weakness, the landscape is open to a solid end to 2024. In the meantime, as Wall Street is revisiting 2025 inflation and interest rate assumptions, the continuation of the rally remains a major source of worry for investors. Under what conditions there shall be a multiple meltdown of Santa rally for New Year rally effect is dependent on responses of the market to macro-economic phenomena and Federal Reserve policy in the next few quarters. Also, see: IPO Allotment Status: Investors Await Five Big Allotments Today
Heavy travel day starts with brief grounding of all American Airlines flightsAP Business SummaryBrief at 3:50 p.m. EST
Townsquare Capital LLC Makes New $226,000 Investment in Applied Industrial Technologies, Inc. (NYSE:AIT)The Tech Race Heats Up! Can Nvidia Keep Its Edge?CALGARY, AB , Dec. 3, 2024 /PRNewswire/ - Enbridge Inc. ENB ENB is pleased to announce that its Board of Directors has appointed Douglas L. Foshee as a Director of Enbridge, effective January 1, 2025 . Mr. Foshee has more than 40 years of energy industry experience, including as Chair, President and CEO of El Paso Corporation from 2003 to 2012, as CFO and then COO of Halliburton Company from 2001 to 2003, and as Chair, President and CEO of Nuevo Energy from 1996-2001. "On behalf of the Board of Directors of Enbridge, we are very pleased to welcome Doug to the Enbridge Board. He has extensive energy industry and business experience and will be an excellent addition to our Board," stated Pamela Carter , the Chair of the Board of Directors of Enbridge. About Enbridge Inc. At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our growing European offshore wind portfolio. We're investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We're advancing new technologies including hydrogen, renewable natural gas, carbon capture and storage. Headquartered in Calgary, Alberta , Enbridge's common shares trade under the symbol ENB on the Toronto (TSX) and New York (NYSE) stock exchanges. To learn more, visit us at enbridge.com. FOR FURTHER INFORMATION PLEASE CONTACT: Media Toll Free: (888) 992-0997 Email: media@enbridge.com Investment Community Toll Free: (800) 481-2804 Email: investor.relations@enbridge.com View original content: https://www.prnewswire.com/news-releases/enbridge-appoints-new-director-to-its-board-302321529.html SOURCE Enbridge Inc. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
More than 227,000 people were killed in the December 26, 2004 Indian Ocean tsunami, and experts warn it could happen again. The pain is still fresh as Cut Sylvia recalls the last time she looked into her two-year-old daughter’s eyes. It was a normal morning in the Indonesian coastal city of Banda Aceh in north Sumatra when Sylvia and her husband began to see people fleeing in front of their home, warning of oncoming sea water. Holding her infant daughter, Siti, in her arms, it was a matter of minutes before Sylvia was overwhelmed by the waves inundating their home. “I cannot describe that moment when I saw her eyes, and she saw my eyes, and we were staring at each other,” Sylvia told Al Jazeera. “She was not even crying or saying anything. She was just staring at me. I knew that we would be separated,” she said. Siti was swept away, taken by the tsunami. After 15 minutes of feeling as though she was “in a washing machine”, Sylvia clambered on to the rooftop of a house where the enormity of what had just happened began to sink in. “I felt so sad, very sad. I cannot express with words what I felt when I knew my daughter was lost.” Sylvia’s husband, Budi Permana, was also washed away, finding safety at the top of a coconut tree – the height the sea waters had risen to. He later collapsed from exhaustion while searching for his family and was found by members of the Red Cross, who initially thought he was dead. Sylvia and Budi were reunited a week later in the city of Medan, 600km (370 miles) from their destroyed home in Banda Aceh. No trace of Siti has ever been found. Lacking closure over the fate of their young daughter, the couple’s grief remains fresh as they, and the world, mark the 20th anniversary of the Indian Ocean tsunami – the deadliest and most destructive in recorded human history. ‘They tend to just destroy everything’ Just before 8am local time on December 26, 2004, a magnitude 9.2 to 9.3 earthquake struck off the west coast of the Indonesian province of Aceh in northern Sumatra. An estimated 227,898 people were killed or declared missing across 14 countries in the tsunamis that followed. Indonesia was the hardest hit, followed by Sri Lanka and Thailand, while the furthest fatality from the epicentre was reported in the South African city of Port Elizabeth. With 131,000 people killed, it remains by a considerable margin the deadliest natural disaster in the history of Indonesia – the world’s second most disaster-prone country after the Philippines. While great advances have been made in tsunami research, sea defences, and the development of early warning systems in the two decades since the Indian Ocean disaster, experts warn that complacency is setting in as memories fade of the scale of the destruction in 2004. “The thing that’s misunderstood is that a tsunami is not an ultrarare hazard. It’s actually a relatively common hazard,” said David McGovern, a senior lecturer and tsunami expert at the London South Bank University, pointing to a deadly tsunami that battered Japan just seven years later in 2011, the result of the fourth most powerful earthquake ever recorded. “There are around two tsunamis on average a year that cause death or damage,” he told Al Jazeera. Concerns about complacency were high on the agenda as some of the world’s leading tsunami engineering experts gathered on December 6 in London at a symposium to mark the 20th anniversary of the Indian Ocean tsunami, as well as to take stock of the current state of tsunami research. In a twist of fate, a day earlier, while the attendees were eating dinner at a restaurant in central London, news of a powerful magnitude 7 earthquake off the United States West Coast filtered through to the group. The earthquake triggered a tsunami alert, impacting some 500 miles (800km) of the California and Oregon coastline. Though the alert was later rescinded, McGovern said the timing “felt strange, to say the least”. The alert only “reiterated the importance of the symposium and the message it was trying to deliver”, he said. McGovern, a key researcher at MAKEWAVES – a multi-institutional and multinational project founded by tsunami researchers – said a “heck of a lot” has been learned over two decades of research since the Indian Ocean tsunami, including simply how the waves deliver damage. “That’s something we didn’t know. And the reason we didn’t know was because tsunamis, in real life, are so destructive that when you do field surveys, the only information they really give you is the maximum values of the destruction,” he said. “They’re so destructive, they tend to just destroy everything.” The group’s latest project, announced in September, is the development of a prototype design for what would be a pioneering machine in tsunami wave generation technology – the Tsunami Twin Wave. When the prototype schematic is completed in 2026, the United Kingdom government-funded design will model for the first time the impact of multiple incoming and outgoing tsunami waves, not only showing how tsunamis cause damage as they come in, but also how they cause damage as they return to sea. This seemingly simple innovation will fill a “huge knowledge gap” in the field, McGovern said. Due in part to the misperception of tsunamis being a rare phenomenon, researchers at MAKEWAVES are “always fighting the lack of funding” for tsunami research, McGovern said. This relative apathy comes despite the heightened risk posed by tsunamis in the coming decades, as sea level rises caused by climate change look set to only exacerbate the issue. “My hope on the 20th anniversary is that we don’t forget this risk, we don’t assume it was a once in a millennium event, and we continue to prioritise one of the most deadly natural hazards humanity faces,” he said. ‘I didn’t know it would happen so quickly’ It is a question of when, not if, a devastating tsunami of the same scale as 2004 hits again, experts say. Predicting exactly when such an event will happen is impossible, but few have come closer than Phil Cummins. He has been described as the person who “essentially predicted” the 2004 tsunami. More than a year before the Indian Ocean tsunami struck – at an October 2003 meeting of the International Coordination Group for the Tsunami Warning System in the Pacific – Cummins, a seismologist, called for alert systems to be expanded to the Indian Ocean due to what he perceived to be the growing risk of a devastating wave. Referencing Dutch colonial-era records in Indonesia, he told the meeting in Wellington, New Zealand, that great 19th-century earthquakes caused by fault lines west of Sumatra had generated destructive ocean-spanning waves, and a recurrence of such an event was just a matter of time. Just months before the tsunami, in August 2004, Cummins reiterated his concerns in a PowerPoint presentation to experts in Japan and Hawaii. He again warned that a giant earthquake could occur in central Sumatra at any time, posing a grave danger to several countries from tsunamis. Not even Cummins realised just how prophetic his warning would be. “I was shocked,” said Cummins, an adjunct professor at the Australian National University. “I guess there were feelings of vindication, but also feelings of guilt, because I hadn’t been standing on the ramparts and screaming up and down. In retrospect, I should have done that, but I didn’t know it would happen so quickly,” he told Al Jazeera. While the tragedy that unfolded on December 26, 2004 proved Cummins’s prediction eerily accurate, he was wrong about one aspect – the earthquake’s epicentre was in north Sumatra, not central. In 2003, Cummins and his colleagues at Geoscience Australia had used a computer simulation to map a magnitude 8.8 to 9.2 underwater earthquake that hit off the coast of central Sumatra in 1833, causing a major tsunami. That simulation showed the earthquake’s epicentre was near the cities of Bengkulu and Padang – about 500km (310 miles) south of the 2004 tsunami’s epicentre. Cummins believed that this area was the “number one place” for a major earthquake and tsunami to recur. “That’s where everyone thought the next tsunami would be, Padang,” Cummins said. “The really odd thing is that it still hasn’t occurred. Everyone thought it was going to happen for sure, but here we are in 2024. It’s mysterious,” he said, adding that such an event occurring off the coast of Padang is “still a major concern”. “Twenty years have gone by, I worry that people have gotten more complacent, perhaps myself included, and I don’t know why it hasn’t happened,” he said. “From what we know, I’d say it’s still the number one place.” ‘People have become more complacent’ Despite major advances in earthquake alert systems and tsunami awareness and preparedness in coastal communities in countries such as Indonesia, Cummins warned that there is only so much that can be done to protect those living near the likely epicentre of future disasters. “We still haven’t solved the problem of what to do about communities right next to the earthquake that might be hit by a tsunami. That can happen in as little as 10 or maybe 30 minutes, it’s very little time to get a warning out and for people to react,” he said, pointing to the example of Padang. “Even though there is some awareness there, I don’t think there is any sense of urgency. I think people have become more complacent. It’s a very crowded coastal strip, a low-lying coastal strip. There’s a river that the population would have to get across. I think it’ll be very difficult to evacuate,” he said. Rina Suryani Oktari, a professor at Syiah Kuala University in Banda Aceh, has witnessed a similar complacency set in among coastal communities in northern Sumatra as time has passed. A coordinator for the Disaster Education and Management Research Cluster at the Tsunami and Disaster Mitigation Research Center, Oktari said cheap land prices have drawn many people back to high-risk coastal areas. “We are now better prepared, but there’s still a possibility that there will be a big number of victims if there’s another tsunami,” she told Al Jazeera. “Many people have come back to live in the coastal area. The population is now even higher than before the [2004] tsunami.” Cummins, for his part, cautioned that a new mega-tsunami could hit at any time, without warning. “A lot of people are going to die no matter what,” he said, adding, the “losses will be much greater” if communities are not well drilled. One couple who have not grown complacent are Budi and Sylvia, who still recount their loss of Siti as a cautionary tale for other Indonesians. Budi will never give up hope of finding his daughter, despite the two decades that have passed since she slipped from Sylvia’s arms. He said that for many years, while working for the Red Cross, and now Islamic Relief, he would visit orphanages, asking if they had any girls who had been found during the 2004 tsunami. Budi draws inspiration from the case of one Indonesian girl who was reunited with her family in 2014, 10 years after she was swept away during the tsunami as a four-year-old. “I hope that also happens with my daughter,” he said. “I hope.”Dates Set for PG&E Quarterly Stock Dividends
NoneTT Electronics (LON:TTG) Share Price Crosses Below 200 Day Moving Average – Time to Sell?