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NEW YORK (AP) — Stocks wavered in afternoon trading on Wall Street Monday at the start of a holiday-shortened week. The S&P 500 rose 0.4%. A handful of technology companies helped support the gains. The Dow Jones Industrial Average slipped 63 points, or 0.2% as of 1:18 p.m. Eastern time. The tech-heavy Nasdaq composite rose 0.7%. Semiconductor giant Nvidia, whose enormous valuation gives it an outsize influence on indexes, rose 3%. Broadcom jumped 5.2% to also help support the broader market. Japanese automakers Honda Motor and Nissan said they are talking about combining in a deal that might also include Mitsubishi Motors. Honda rose 3.8% and Nissan rose 1.6% in Tokyo. Eli Lilly rose 3% after announcing that regulators approved Zepbound as the first and only prescription medicine for adults with sleep apnea. Department store Nordstrom fell 1.7% after it agreed to be taken private by Nordstrom family members and a Mexican retail group in a $6.25 billion deal. The Conference Board said that consumer confidence slipped in December. Its consumer confidence index fell back to 104.7 from 112.8 in November. Wall Street was expecting a reading of 113.8. The unexpectedly weak consumer confidence update follows several generally strong economic reports last week. One report showed the overall economy grew at a 3.1% annualized rate during the summer, faster than earlier thought. The latest report on unemployment benefit applications showed that the job market remains solid. A report on Friday said a measure of inflation the Federal Reserve likes to use was slightly lower last month than economists expected. Worries about inflation edging higher again had been weighing on Wall Street and the Fed. The central bank just delivered its third cut to interest rates this year, but inflation has been hovering stubbornly above its target of 2%. It has signaled that it could deliver fewer cuts to interest rates next year than it earlier anticipated because of concerns over inflation. Expectations for more interest rate cuts have helped drive a 24% gain for the S&P 500 in 2024. That drive included 57 all-time highs this year. Inflation concerns have added to uncertainties heading into 2025, which include the labor market's path ahead and shifting economic policies under an incoming President Donald Trump. "Put simply, much of the strong market performance prior to last week was driven by expectations that a best-case scenario was the base case for 2025," said Brent Schutte, chief investment officer at Northwestern Mutual Wealth Management Company Treasury yields edged higher in the bond market. The yield on the 10-year Treasury rose to 4.58% from 4.53% late Friday. European markets were mostly lower, while markets in Asia gained ground. Wall Street has several other economic reports to look forward to this week. On Tuesday, the U.S. will release its November report for sales of newly constructed homes. A weekly update on unemployment benefits is expected on Thursday. Markets in the U.S. will close early on Tuesday for Christmas Eve and will remain closed on Wednesday for Christmas.
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How DID they survive? Train driver had just seconds to react after tree warning failure Lift pics and captions - they both look fine Click here to visit the Scotland home page for the latest news and sport By JONATHAN BROCKLEBANK FOR THE SCOTTISH DAILY MAIL Published: 21:17 GMT, 23 December 2024 | Updated: 21:17 GMT, 23 December 2024 e-mail View comments A train driver survived a horror crash by crouching behind the cab seat as the locomotive slammed into a fallen tree at 84mph after a warning call failed to arrive on time. The tree trunk pierced the cab ‘around eye level’ and completely destroyed it, but the quick-thinking driver ducked out of the way just in time to avoid the worst of the impact. A report by the Rail Accident Investigation Branch (RAIB) found a member of the public had called a Network Rail helpline about the obstacle on the track near Broughty Ferry at 12.57pm last December 27 during Storm Gerrit. But, 12 minutes later, the message had still not been passed to the driver, which meant by the time they saw it on the line, a collision was inevitable. The tree was in a Dundee park and, after receiving the call about it, the helpline telephonist repeatedly tried to warn Network Rail’s Scotland integrated control centre. No one there answered the calls until after the accident. The probe found the call handler did not have the centre’s priority number. Horror: The train hit the fallen tree at 84mph Destruction: The inside of the cab The RAIB report said: ‘The driver was showered in glass and other debris by the impact. The driver only escaped serious injury by crouching behind the driving seat once they made an emergency brake application on realising the collision was inevitable.’ The driver only escaped serious injury by crouching behind the driving seat once they made an emergency brake application on realising the collision was inevitable.’ There were no injuries to the 37 passengers or three staff on board. RAIB found the council’s failure to control the risk of the trees in the public park falling onto the railway was a factor underlying the accident. A Dundee City Council spokesman said: ‘Officers are looking at the recommendations made by the RAIB.’ The high speed 1A37 train entered service in the late 1970s. The report added: ‘The construction and approval into service of HSTs pre-dates modern standards relevant to crashworthiness and, as rolling stock does not require ongoing permission to remain in operation, HSTs remain in service on the mainline rail network.’ Network Rail Share or comment on this article: How DID they survive? Train driver had just seconds to react after tree warning failure Lift pics and captions - they both look fine e-mail Add commentDALLAS--(BUSINESS WIRE)--Dec 16, 2024-- Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, announced that its Board of Directors has authorized a quarterly cash dividend of $0.21 per share on the company's outstanding shares of common stock. The dividend is payable January 10, 2025, to shareholders of record as of the close of business on December 27, 2024. While Flowserve currently intends to pay regular quarterly cash dividends for the foreseeable future, any future dividends, at this $0.21 per share rate or otherwise, will be reviewed individually and declared by the Board of Directors at its discretion. About Flowserve: Flowserve Corporation is one of the world’s leading providers of fluid motion and control products and services. Operating in more than 50 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the company’s website at www.flowserve.com . Safe Harbor Statement: This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as, "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition. The forward-looking statements included in this news release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the following: economic, political and other risks associated with our international operations, including military actions, trade embargoes, epidemics or pandemics or changes to tariffs or trade agreements that could affect customer markets, particularly North African, Latin American, Asian and Middle Eastern markets and global oil and gas producers, and non-compliance with U.S. export/re-export control, foreign corrupt practice laws, economic sanctions and import laws and regulations; any continued volatile regional and global economic conditions resulting from the COVID-19 pandemic on our business and operations; global supply chain disruptions and the current inflationary environment could adversely affect the efficiency of our manufacturing and increase the cost of providing our products to customers; a portion of our bookings may not lead to completed sales, and our ability to convert bookings into revenues at acceptable profit margins; changes in global economic conditions and the potential for unexpected cancellations or delays of customer orders in our reported backlog; our dependence on our customers’ ability to make required capital investment and maintenance expenditures; if we are not able to successfully execute and realize the expected financial benefits from any restructuring and realignment initiatives, our business could be adversely affected; the substantial dependence of our sales on the success of the oil and gas, chemical, power generation and water management industries; the adverse impact of volatile raw materials prices on our products and operating margins; increased aging and slower collection of receivables, particularly in Latin America and other emerging markets; our exposure to fluctuations in foreign currency exchange rates, including in hyperinflationary countries such as Venezuela and Argentina; potential adverse consequences resulting from litigation to which we are a party, such as litigation involving asbestos-containing material claims; expectations regarding acquisitions and the integration of acquired businesses; the potential adverse impact of an impairment in the carrying value of goodwill or other intangible assets; our dependence upon third-party suppliers whose failure to perform timely could adversely affect our business operations; the highly competitive nature of the markets in which we operate; environmental compliance costs and liabilities; potential work stoppages and other labor matters; access to public and private sources of debt financing; our inability to protect our intellectual property in the U.S., as well as in foreign countries; obligations under our defined benefit pension plans; our internal control over financial reporting may not prevent or detect misstatements because of its inherent limitations, including the possibility of human error, the circumvention or overriding of controls, or fraud; the recording of increased deferred tax asset valuation allowances in the future or the impact of tax law changes on such deferred tax assets could affect our operating results; our information technology infrastructure could be subject to service interruptions, data corruption, cyber-based attacks or network security breaches, which could disrupt our business operations and result in the loss of critical and confidential information; ineffective internal controls could impact the accuracy and timely reporting of our business and financial results; and other factors described from time to time in our filings with the Securities and Exchange Commission. All forward-looking statements included in this news release are based on information available to us on the date hereof, and we assume no obligation to update any forward-looking statement. The Company reports its financial results in accordance with U.S. generally accepted accounting principles (GAAP). However, management believes that non-GAAP financial measures which exclude certain non-recurring items present additional useful comparisons between current results and results in prior operating periods, providing investors with a clearer view of the underlying trends of the business. Management also uses these non-GAAP financial measures in making financial, operating, planning and compensation decisions and in evaluating the Company's performance. Non-GAAP financial measures, which may be inconsistent with similarly captioned measures presented by other companies, should be viewed in addition to, and not as a substitute for, the Company’s reported results prepared in accordance with GAAP. View source version on businesswire.com : https://www.businesswire.com/news/home/20241216880793/en/ CONTACT: Investor Contacts Brian Ezzell, Vice President, Finance and Investor Relations, (469) 420-3222 Tarek Zeni, Director, Investor Relations, (469) 420-4045Media Contact Wes Warnock, Vice President, Corporate Communications & Public Affairs, (972) 443-6900 KEYWORD: TEXAS UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: OTHER MANUFACTURING STEEL ENGINEERING CHEMICALS/PLASTICS OIL/GAS MANUFACTURING ENERGY MACHINERY MACHINE TOOLS, METALWORKING & METALLURGY SOURCE: Flowserve Corporation Copyright Business Wire 2024. PUB: 12/16/2024 02:00 PM/DISC: 12/16/2024 02:00 PM http://www.businesswire.com/news/home/20241216880793/en
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It's easy to feel nostalgic for the past, and looking back on your childhood, you probably remember a simpler, more wholesome time. Well, Redditor innocentxmelody asked, "What's that one thing you miss the most from the 2000s generation?" Here's what people seriously miss about the '90s, 2000s, and the good ol' days. 3. "Video games being finished releases. I’m so tired of developers releasing broken games with the 'we’ll fix it with updates later' mindset." — ActuallAlbatross 6. "I honestly miss the internet from the '90s. I spent so many hours exploring, and reading things. Every webpage felt like I was visiting someone's house; They were so personal as web design standards did not yet exist. I enjoyed my Netscape navigator. And I LOVED my IRC chat rooms. Keep in mind I was like nine or ten, so I mostly spent time in Pokemon chat rooms that had bots. Discord today is not the same as it was in the IRC days." — UnusualSoup 9. "In the 2000s, politics was a boring thing to talk about. Now, it’s the only thing people talk about these days, at least in the US." — Willtip98 11. "In a weird way, monoculture. Sure, it’s great that nowadays, everyone can have a different movie, show, music, and style they like, but try to remember the blissful ignorance of everything but what was on mainstream TV or magazines. Everyone got hyped for the same music, shows, and movies, and that brought people together. Remember Lost , Survivor , Blink182, and how everyone wore similar styles. Now there’s just so much out there it’s hard to find a community sometimes." — Ramses3 14. "The point where technology started to be more integrated into our lives but not so much that we can’t last ten minutes without instinctually reaching for our devices." — Stock-Wolf 17. "Business was still being done in brick-and-mortar stores. I still think this is underrated. Yes, now we have a much wider selection of stuff available instantly, but it used to be extremely fun to go out on a Sunday, go to a record store or video rental store with your friends, discuss options, and settle on one. Scrolling on Netflix never produces the same enjoyable experience for me, but maybe I remember those trips with rose-colored glasses, and today's youth will remember this too." — Humble_Shoulder Do you have something to add? What do you miss most or what was the best thing about the decade in which you grew up? Tell us in the comments or in this anonymous form .Video shows mom spitting on infant, putting dish soap in their mouth, Ohio cops sayLessons from ‘My Penguin Friend’Ayeza to share the screen with Shahrukh Khan in her next project?
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