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Australia’s sharemarket is likely to open lower after a sell-off in the world’s largest technology companies hit US stocks in the final stretch of a stellar year. Futures are pointing to a drop of 0.35 per cent, or 29 points, on Monday morning across the local bourse, to 8228, as traders take stock of a pullback in the US last week. Nasdaq, one of the “Magnificent Seven” companies, bore the brunt of last week’s selling. Credit: Bloomberg In the US, during a session of slim trading volume – which tends to amplify moves – the S&P 500 lost 1.1 per cent and the Nasdaq 100 slipped 1.4 per cent. While every major industry succumbed to Friday’s slide, tech megacaps bore the brunt of the selling. That’s after a torrid surge in which the group of companies dubbed the “Magnificent Seven” accounted for more than half of the US equity benchmark’s gains in 2024. “I think Santa has already come. Have you seen the performance this year?” said Kenny Polcari from financial advising firm SlateStone Wealth. “[This] week is another holiday-shortened week, volumes will be light, moves will be exaggerated. Don’t make any major investing decisions this week.” Steve Sosnick, from Interactive Brokers said while the market was in holiday season, he had fielded more inquiries than expected. Loading “The best I can figure out is that there are large accounts, pension funds and the like, who need to rebalance their holdings before year-end,” he said. The S&P 500 and the Nasdaq 100 trimmed last week’s gains. The Dow Jones Industrial Average slipped 0.8 per cent on Friday. A gauge of the “Magnificent Seven” sank 2 per cent, led by losses in Tesla and Nvidia. The Russell 2000 index of small caps dropped 1.6 per cent. The yield on 10-year Treasuries rose 4 basis points to 4.62 per cent. The Bloomberg Dollar Spot Index wavered. Funds tied to several of the major themes that have driven markets and fund flows over the past three years stumbled during the week ending Christmas Day, according to data compiled by EPFR. Redemptions from cryptocurrency funds hit a record high while technology sector funds extended their longest outflow streak since the first week of 2023, the firm said. This year’s rally in US equities has driven the expectations for stocks so high that it may turn out to be the biggest hurdle for further gains in the new year. And the bar is even higher for tech stocks, given their massive surge in 2024. A Bloomberg Intelligence analysis recently found that analysts estimate a nearly 30 per cent earnings growth for the sector next year, but tech’s market-cap share of the S&P 500 index implies closer to 40 per cent growth expectations may be embedded in the stocks. “The market’s largest companies and other related technology darlings are still being awarded significant premiums,” said Jason Pride and Michael Reynolds at Glenmede. “Excessive valuations leave room for downside if earnings fail to meet expectations. Market concentration should reward efforts to regularly diversify portfolios.” Bloomberg The Market Recap newsletter is a wrap of the day’s trading. Get it each weekday afternoon . Save Log in , register or subscribe to save articles for later. Shares Investing Aussie dollar Bonds Most Viewed in Business LoadingWinners And Losers From Dorian Finney-Smith Trade To The Lakers
CLEVELAND, Ohio — Browns head coach Kevin Stefanski took questions from reporters on Sunday regarding the 20-3 loss to the Dolphins , Dorian Thompson-Robinson, injuries, and more. Below is the transcript as provided by the Browns media relations department: More Cleveland Browns coverage Browns running back Jerome Ford gives update after suffering ankle injury vs. Dolphins ‘Dorsey not getting the criticism he deserves’: What a former Browns CEO said after Cleveland’s loss to the Dolphins Dorian Thompson-Robinson outplayed by former Browns QB Tyler Huntley as Browns lose 20-3 to Dolphins to fall to 3-13 Week 18 NFL Preview: Find everything you need to know with our Week 18 NFL preview. Opening Statement: “Okay, injuries; Jerome (Ford) has an ankle injury, Denzel (Ward), shoulder, Jordan Hicks, concussion. So we’ll update the rest of the guys as we see them today and tomorrow. Obviously not good enough. We got to come away with a win, got to come away with taking care of the football, putting ourselves in position to go find a way to win and we didn’t do that. That’s the disappointing part. The results are what they are, that’s frustrating. But with that, I’ll take any questions.” You had a decision to either kick or go for it from fourth and goal from the three. Why did you decide to go for it instead of taking the points? “Yeah with just that field position, I think it’s really important to get the seven there from the three-yard line.” On those fourth downs, I think you guys were 0-4, I know the one was in the endzone. But did you see anything on those three? I know on the other three, I know those are huge plays in the game. “I mean a turnover on downs is a turnover. I know it doesn’t officially go down as a turnover but you’re putting your defense back there on the field and you got to come through. When it’s fourth and one, advantage has to be toward the offense and you have to come through there.” I saw you talking to Dorian (Thompson-Robinson) on the sidelines after the pick. Obviously an ill-advised throw from him there. What did you see there? “Yeah, I think obviously you’re always, at every play, you’re looking at it and thinking about the decision and the accuracy and all those things and just making sure that he’s understanding in those roles when you have to locate defenders. I think that was really the biggest thing there on that play.” Why is he struggling with some of the real, short, basic stuff, whether it’s throwing out of the backfield, throwing it into the flat, not even just going down the field, but just seems he’s really struggling with timing on those shorter routes? “Yeah, we’ll look at it, and it’s not for lack of effort. He’s putting in the work. We’ll look to help him in any way we can to score some points.” You were determined to have him finish this game. Why? “Just felt like that’s what was best for the team.” I know it’s early, but will you start him next week in Baltimore? “Yeah, I won’t get into anything for next week, Mary Kay (Cabot).” On the intentional groundings, I know it’s not just on the quarterback, but does he have to sort of, in those situations, is there something he can do to avoid those? “Certainly you want to avoid those. Those are big penalties with the loss of down and the yardage. So, we’ll continue to coach him up. And there’s obviously, as everybody knows, there are certain times that a sack is okay. You don’t love it, but sometimes you have to do that. It’s like anything with the young quarterback teaching when to throw it away, when to make that decision. So we’ll keep coaching them.” How do you get your guys ready with one game to go and things looking so bad? How do you get them ready to play a team like Baltimore next week? “Yeah, it’s no different than every single week, Jeff (Schudel). It’s the NFL. It’s a privilege to play in this league, it’s a privilege to coach in this league. We love the competitive nature of these games. It’s a division opponent. That’s just how we operate.” Myles (Garrett) got two sacks to get to that 14, making a little history. Just one of the few positives from today. Just what can you say about the consistency he brings in every game week in and week out? “Yeah, plays hard. I think he got real close on a few field goal block attempts as well, and I think that’s a great measure of how hard you’re playing, is how hard you go on that unit. He’s given us everything he’s got.” You were a fan of Snoop (Tyler Huntley) throughout the preseason and all of that. But what did you see in Tyler today? “Yeah, I mean he made a great play there on that third down. We brought everybody, he made somebody miss and natural ability took over. But obviously he made a few plays today.” You guys have obviously supported Dustin (Hopkins) through his struggles this season, but seeing him make that field goal, what did that just mean for him confidence wise? “Yeah, like we’ve talked about with Dustin, always worked through this with him. He’s a veteran, he’s kicking it really well in practice. Obviously just had that one opportunity in this one, but a veteran that we really trust.” Fans will take consolation in moving up to number three in the draft order. How do you feel about that? “Yeah, I have no comment on that, Tony (Grossi).” How about with Denzel (Ward)? Do you think he could be lost for next week? “Yeah, it’s way too early to tell on injuries.” Pierre (Strong Jr.) looked like he left about two minutes left. “Yeah, evaluating him for a head injury, but I don’t have any information past that.” When did the injury to Denzel occur? Because we found out about it while you guys were on offense to start second half. Was it late in that...? “I believe it was right at that last possession in the second quarter.” I know it’s all been disappointing, but the fact that you go 2-6 at home, you talked about trying to come out of here with the win. Just what’s that frustration level like, especially after going 8-1 last year at home? “Yeah, we’ve got the best home field advantage in the NFL with our crowd and how into it they are. We haven’t done enough as a football team to keep them into it. So that’s the frustrating part. I really wanted to get this one for them in this building being the last one at home, so it’s frustrating.” Obviously, you committed to getting (Jerry) Jeudy the ball, 18 targets. Is that the number you envisioned? “Jerry’s our best player on offense. We’re trying to get him the ball any which way we can.” Football Insider newsletter free trial: Take a minute and sign up for a free trial of our Football Insider newsletter, featuring exclusive content from cleveland.com's Browns reporters.DUP minister rejected suggestion licensing laws could be relaxed for jubilee
NoneStormont minister Maurice Morrow told an official he would not raise the issue with the Northern Ireland Executive, despite similar measures being considered in England and Wales. A file on planning arrangements for the jubilee celebrations reveals a series of civil service correspondences on how Northern Ireland would mark the occasion. It includes a letter sent on January 11 2001 from an official in the Office of the First Minister/Deputy First Minister (OFMDFM) to the Department of Social Development, advising that a committee had been set up in London to consider a programme of celebrations. The correspondence says: “One of the issues the committee is currently considering is the possibility of deregulating liquor licensing laws during the golden jubilee celebrations on the same lines as the arrangements made for the millennium. “It is felt that the golden jubilee bank holiday on Monday 3 June 2002 is likely to be an occasion on which many public houses and similar licensed premises would wish to stay open beyond normal closing time.” The letter said a paper had been prepared on the issue of extending opening hours. It adds: “You will note that paragraph seven of the paper indicates that the devolved administrations ‘would need to consider deregulation separately within their own jurisdictions’. “I thought that you would wish to be aware that this issue is receiving active consideration for England and Wales and to consider whether anything needs to be done for Northern Ireland.” Some months later a “progress report” was sent between officials in OFMDFM, which again raised the issue of licensing laws. It says: “I spoke to Gordon Gibson, DSD, about Terry Smith’s letter of 12 January 2001 about licensing laws: the matter was put to their minister Maurice Morrow (DUP) who indicated that he would not be asking the NIE (Northern Ireland Executive) to approve any change to current licensing laws in NI to allow for either 24 hour opening (as at the millennium) nor a blanket approval for extended opening hours as is being considered in GB. “In both cases, primary legislation would be required here and would necessitate consultation and the minister has ruled out any consultation process.” The correspondence says individual licensees could still apply for an extension to opening hours on an ad hoc basis, adding “there the matter rests”. It goes on: “DSD await further pronouncements from the Home Office and Gibson and I have agreed to notify each other of any developments we become aware of and he will copy me to any (existing) relevant papers. “Ministers may well come under pressure in due course for a relaxation and/or parity with GB.” The document concludes “That’s it so far...making haste slowly?” Emails sent between officials in the department the same month said that lord lieutenants in Northern Ireland had been approached about local events to mark the jubilee. One message says: “Lord lieutenants have not shown any enthusiasm for encouraging GJ celebrations at a local level. “Lady Carswell in particular believes that it would be difficult for LLs to encourage such activities without appearing political.”
UnitedHealthcare CEO kept a low public profile. Then he was shot to death in New York
RJ Davis sets 3-point record as North Carolina beats Campbell
Albo's having a 'baby'! and Prince Harry is coming into his own: Psychic shares her 2025 predictionsGLASGOW, Scotland (AP) — Celtic defender Cameron Carter-Vickers raised his hands to his head in despair before his own goal crossed the line to give Club Brugge the lead in the Champions League on Wednesday. The United States international played a no-look pass back from 10 yards (meters) toward his own net where he thought goalkeeper Kasper Schmeichel would be. Schmeichel was not there, and the ball rolled slowly into the corner of the goal as the veteran Denmark goalkeeper raced helplessly across his line. He narrowly avoiding crashing into the goal post. The unforced error by Carter-Vickers gifted Club Brugge a 26th-minute lead at Celtic Park. Celtic has impressed in the Champions League this season with seven points from its first four games. AP soccer: https://apnews.com/hub/soccer
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South Carolina has won six straight games, and one of the catalysts has been the improved free-throw shooting of Nick Pringle. When South Carolina (9-3) faces Presbyterian (7-7) in the final nonconference game for both teams on Monday in Columbia, S.C., the Gamecocks won't have to hold their breath when Pringle toes the line. During South Carolina's surge, which includes wins over three power conference teams, Pringle has made 26 of 30 (86.7 percent) free-throw attempts. It's a remarkable improvement from his 51.7 percent career success rate entering the season. Last month, in his South Carolina debut after transferring from Alabama, Pringle's foul shooting woes continued as he shot 3-for-8 in stunning 74-71 upset at the hands of the visiting North Florida. But video work with coach Lamont Paris convinced Pringle that he needed to quicken his routine and tweak his set point, which is where a player's eyes focus on the rim. "How long it was taking him to release the ball once he started his free throw process was really long, really, really long," Paris said. "So he shortened it." In a 74-48 win over Radford on Dec. 22, Pringle made all 10 of his free throws. His work at the line is no small matter, as he has taken the second-most free throws on the team (61). Pringle averages 10.3 points and 6.8 rebounds per game, combining with Collin Murray-Boyles (16.2 points, 9.3 rebounds) to give the Gamecocks a formidable duo inside. Presbyterian enters after suffering its first home loss this season, 86-81 in overtime to Manhattan on Dec. 21. It was a frustrating defeat after the Blue Hose led by 19 points in the first half. There was a positive, however, as Carl Parrish delivered 23 points and nine rebounds, both career highs. It was a performance that sixth-year coach Quinton Ferrell has been awaiting. "Seeing him play like that offensively is not a shock to me because that's really what he's capable of," Ferrell said. "He's a big-time offensive player." Parrish combines in the backcourt with the Blue Hose's top two threats: Kory Mincy, who averages 14.9 points and 4.6 assists per game, and Kobe Stewart, who scores at a 14.4 ppg clip. Located just 60 miles apart, South Carolina and Presbyterian (Clinton, S.C.) have a long history, with their first game coming nearly 108 years ago. The Gamecocks lead the series 33-8. --Field Level Media1 Brilliant Growth Stock to Buy Now and Hold for the Long Term
( MENAFN - Live Mint) A stronger yen weakened Japanese equity futures Thursday after a rally in Treasuries weighed on yields and the dollar. US Stocks fell ahead of the Thanksgiving holiday. Contracts for Japanese shares fell 0.8%, while those for Australia and Hong Kong were slightly higher. The S&P 500 fell 0.4% after touching a record high in the prior session, while the nasdaq 100 dropped 0.9% as tech stocks weighed on the US market. Nvidia Corp. and Tesla Inc. were among the hardest hit big-tech companies. Shares in Microsoft Corp. fell after the US federal Trade Commission opened an antitrust investigation of Microsoft Corp., drilling into everything from the company's cloud computing and software licensing businesses to cybersecurity offerings and artificial intelligence products. In a thin trading session ahead of the holiday, data showed the Fed's preferred measure of underlying inflation picked up. While in-line with estimates, the core personal consumption expenditures climbed 2.8% from October last year. Separate figures showed the economy expanded at a solid pace. The data support recent comments by many Fed officials that there's no rush to cut rates as long as the labor market remains healthy and the US continues to power ahead. “The last mile towards price stability has been stymied by still 'sticky' inflation and bumps along road,” said Quincy Krosby at LPL Financial. Selling in US stocks was accompanied by buying in Treasuries as investors sought the safety of US government debt. That pushed the 10-year yield as low as 4.22% on Wednesday, a level not seen in a month. Australian and New Zealand yields fell early Thursday, echoing the move. Lower Treasury yields weakened an index of the dollar, which fell 0.7%. The yen was steady early Thursday after climbing more than 1% against the greenback Wednesday to trade at its strongest since late October. In Asia, data set for release includes ANZ business confidence for New Zealand and Sri Lanka trade. The Reserve Bank of Australia's Governor Michelle Bullock will speak later in the day. The Bank of Korea is anticipated to hold rates at 3.25%, pausing its policy moves after the first cut in over four years last month. Investors will also be on the lookout for further moves in Chinese equities after a Wednesday rally on speculation that a key economic meeting expected next month may lead to more stimulus. The Golden Dragon index of US-listed Chinese companies jumped 2.8%. Tech Shares US stocks have extended their outperformance against international peers this year, powered by tech shares and the artificial intelligence frenzy, while the economy remains resilient. The S&P 500 has climbed over 25% in 2024, making numerous record highs and largely outpacing the MSCI World Ex-USA Index. The valuation gap has also widened, with US stocks now trading at a record 60% premium to international peers based on forward price-to-earnings ratios. Elsewhere, BlackRock Inc., Vanguard Group Inc. and State Street Corp. were sued by a group of states led by Texas for allegedly breaking antitrust law by boosting electricity prices through their investments. In commodities, oil steadied as OPEC was expected to delay a production restart. Gold eked out small gains. Meanwhile, Bitcoin climbed back toward the elusive $100,000 price level again. Key events this week: Some of the main moves in markets: Stocks Currencies Cryptocurrencies Bonds Commodities This story was produced with the assistance of Bloomberg Automation. MENAFN27112024007365015876ID1108934057 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.Takeaways from Biden's Africa trip: Pardon of son Hunter overshadows official business
CARBONDALE, Ill. (AP) — Southern Illinois quarterback Michael Lindauer's coming-out party also was a dazzling farewell. The senior graduate assistant, pressed into duty as a player again when injuries left the Salukis in need of a quarterback, made his first career start — on Senior Day, no less — and threw for a school-record seven touchdowns in a 62-0 victory over Murray State on Saturday. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.Advocacy Software Global Market Report 2024: Rapid Growth At A Rate Of 12.8% Predicted In Coming Years
Jan Suraj chief Prashant Kishore joined the aspirants of the Bihar Public Service Commission (BPSC) in their protest in Gandhi Maidan on Sunday. ET Year-end Special Reads What kept India's stock market investors on toes in 2024? India's car race: How far EVs went in 2024 Investing in 2025: Six wealth management trends to watch out for The BPSC aspirants continue their protest demanding a re-exam to be held for the 70th BPSC prelims. Meanwhile, accusing the Bihar government of turning democracy into " lathi-tantra ," Kishore emphasised the right to protest of the students in public spaces. Speaking to the media, Kishore said, "We are not going for a protest. Students are sitting there, we are going to meet them. Gandhi Maidan is a public place, people go there every day. If the students do not have any place, they will go to a public place. I don't know why the government has made it a question of its prestige, somewhere they are harming themselves." Kishore further added, "Bihar is the mother of democracy and if the students here do not have the right to speak their minds, then this is becoming a 'lathi-tantra'... that's why we are with the students." 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On Saturday, Delhi Police detained members of the Students' Federation of India (SFI) who were protesting outside Bihar Bhawan in Delhi against the police lathi charge on BPSC aspirants in Patna. The protesting students in Patna are demanding the cancellation of the Integrated Combined (Preliminary) Competitive Examination (CCE) 2024 conducted by the Bihar Public Service Commission (BPSC) on December 13. (ANI) (You can now subscribe to our Economic Times WhatsApp channel )Valve's innovative handheld, the Deck, was hugely popular at launch - and it's no surprise. The bridges the gap between PC and handheld gaming, allowing you to play your Steam library on the go. The Steam Deck isn't perfect, however, so it was welcome news when Valve released the , an upgraded version of the handheld that adds an screen and promises better battery life and performance. But is the Steam Deck OLED worth buying over the original model? We've put the Steam Deck and the Steam Deck OLED through their paces, and we're here to tell you the key similarities and differences between them so you can decide which is worth your hard-earned cash. Once you decide which to get, make sure you fill your Steam library with the and . You can buy the Steam Deck and Steam Deck OLED directly from the Valve via the . Fortunately, while stock was hard to get when both first launched, it's now much easier, with Valve estimating delivery in three to five days. At the time of writing, there's only one Steam Deck model available: the 256GB LCD version. This model costs $399 / £349 / AU$649 and comes with a carry bundle and a Steam profile bundle. Unsurprisingly, the Steam Deck OLED is more expensive, but there are two models available. The 512GB Steam Deck OLED is priced at $549 / £479.00 / AU$899 and comes with a carry case and Steam profile bundle, like the LCD model. If you want more storage and don't mind spending a bit more, you can get the 1TB Steam Deck OLED for $649 / £569 / AU$1049, which comes with a Steam profile bundle, exclusive startup movie, keyboard theme, and a carry case with a removable liner. The 512GB OLED model is just over $100 more than the LCD model but offers twice the storage and several other improvements highlighted below. As such, it's worth considering spending that extra cash to get the latest model if you can afford it, especially if you have a chunky Steam library. In my opinion, if you plan to pick up an OLED, the 512GB model is the best option unless you plan to make use of that 1TB of space. While these handhelds are still pricey, they're good value when you consider gaming PCs are easily over $1000 - and you can't take them on the go. Here is the full list of specs for the Steam Deck and the Steam Deck OLED. There aren't many major differences between the design of the Steam Deck and the Steam Deck OLED. The biggest is, of course, that the OLED has a 7-inch OLED screen, while the Steam Deck has a 7-inch LCD screen. This means the OLED offers more vivid visuals with brighter contrast and richer color than the Steam Deck. During testing, we found the difference between the two to be noticeable. This screen doesn't make the Steam Deck OLED larger than the Steam Deck, though. The two have the same dimensions, and the OLED is actually slightly lighter than the Steam Deck. It's worth noting, however, that the size of both models means they aren't as portable as the , for example. The two models also have the same overall form factor and sleek black colorway, though there are some minor differences in the OLED's design, such as an orange power button instead of a black one. Regardless of which model you go for, both boast a high-quality build and great design. This is where the differences between the Steam Deck OLED and the Steam Deck become more apparent. Firstly, there's the storage capacity. The Steam Deck LCD currently only comes in a 256GB model, while the OLED is available in 512GB or 1TB. This means the OLED can store more than two to three times more games than the Steam Deck, and you can fit several sizeable games on your handheld before you need to make room. In addition, the slight improvement in memory means the OLED should run a bit faster than its predecessor, while improved WiFi and Bluetooth make connectivity more efficient. Then there's the screen itself. In addition to more vivid visuals, the OLED's screen refresh rate is up to 90Hz, as opposed to the 60Hz of the Steam Deck. This means your games are more likely to perform well and your frame rate to remain steady, but don't expect flawless performance with either device. During testing, we found several "Deck Verified" titles still struggled on the Steam Deck OLED. Perhaps the most welcome difference between the Steam Deck OLED and the Steam Deck, though, is the increased battery life of the OLED. The Steam Deck's battery life has always been contentious, as it only allows for two to eight hours of play. The Steam Deck OLED, on the other hand, allows for three to 12 hours. If performance and battery life are important factors for you when choosing a handheld, the Steam Deck OLED is definitely the better machine. While the Steam Deck is reliable, the OLED addresses some of its issues - just don't expect perfection. The Steam Deck OLED is the definitive Steam Deck model, offering improved visuals and performance alongside a longer-life battery. While the Steam Deck is a solid handheld if you're on a tighter budget, the OLED is better for future-proofing, especially as games become increasingly demanding on hardware. Just be aware that both models can struggle with certain games and aren't the easiest to take with you on the go. If these are deal-breaking factors for you, you can find great alternatives on our list of the .