Stock market today: Wall Street slips as technology stocks drag on the marketIf one sits down to pen India’s economic history after Independence, it could be broadly classified into two eras — Pandit Jawaharlal Nehru’s socialist era from 1950 to 1991 and Dr Manmohan Singh’s liberal economic regime from 1991 onwards. The economic policies before 1991 were largely influenced by India’s suspicion of foreign traders, in view of its experience with the British who sailed to Indian shores for trade and entrenched themselves as rulers. The distaste for foreign investment continued even though the Indian economy performed at suboptimal level growing at an yearly average of 3.9 per cent from 1950 to 1990. While India managed to lay the foundation for large basic industries, the lack of competition and a captive market robbed the Indian manufacturers of incentive to produce world-class products. In 1991, following India’s worst financial crisis, Dr Manmohan Singh dismantled the old Fabian socialist thought in India by opening up the Indian economy. Instead of fear for foreign capital, Dr Singh’s Budget speech exuded his confidence in the Indian economy. He argued for allowing direct foreign investment into India for capital, technology, and markets. His words about the arrival of India on the global stage proved to be truly prophetic. Since 1991, India’s economic growth has picked up and helped more than 500 million people to come out of extreme levels of poverty. Manmohan Singh’s reforms, which were continued by his successors, created globally competitive companies in India. His policies laid the path for the robust expansion of the middle class. It also created prosperity in the country, which funded the government’s ambitious welfare programmes like the National Rural Employment Guarantee Scheme, subsidised food grains to the poor, midday meals at schools and social security schemes for elderly. In one of his last interviews in 2023, Dr Singh sounded confident about the Indian economy’s ability to navigate through the recent geopolitical and geoeconomic maelstroms, provided the country remains a harmonious society. India must not forget this prescription of Dr Singh ever.
For most of 2024, Scheffler was unstoppable on the course. Getty Images After an epic season in 2024, Scottie Scheffler will start the new year on the sidelines. On Friday, word broke that the World No. 1 and reigning Fed-Ex Cup champ has withdrawn from the PGA Tour’s 2025 season-opening tournament, The Sentry, on The Plantation Course , in Kapalua in Maui, Hawaii, as a result of kitchen accident he suffered on Christmas Day. “On Christmas Day while preparing dinner, Scottie sustained a puncture wound to the palm his right hand from a broken glass,” Scheffler’s manager, Blake Smith, said in a statement released by the PGA Tour . “Small glass fragments remained in the palm which required surgery. He has been told that he should be to 100% in three to four weeks.” Scheffler’s injury deprives The Sentry, an event widely known as the “tournament of champions” for a field that features winners from the past season, of the golfer who won more than any other last year. Over the course of his torrid 2024 campaign, Scheffler won seven times, including his second Masters title, and captured Olympic gold, en route to being named the PGA Tour’s Player of the Year. As unstoppable as he often was on the course, Scheffler had a headline-making hiccup off it in May, when he was arrested during a traffic incident as he drove to Valhalla Golf Club, in Louisville, before the second round of the PGA Championship. Though charges against Scheffler were soon dropped, photos of the game’s best player in an orange jailhouse jumper ranked among the enduring images from the game in 2024. As 2024 drew toward a close, Scheffler showed no signs of slowing. His most recent start, at the Tiger Woods-hosted Hero World Challenge Challenge, was yet another victory, six shots clear of runner-up Tom Kim. Fans will now have to wait to see Scheffler back in action. His next scheduled start is at the American Express, in La Quinta, Calif., on Jan. 16. The Sentry, meanwhile, will go on without him. The tournament kicks off on Jan. 2. A complete field is scheduled to be released later today. Latest In News Golf.com Editor A golf, food and travel writer, Josh Sens has been a GOLF Magazine contributor since 2004 and now contributes across all of GOLF’s platforms. His work has been anthologized in The Best American Sportswriting. He is also the co-author, with Sammy Hagar, of Are We Having Any Fun Yet: the Cooking and Partying Handbook.
NEW YORK — U.S. stocks rose to records Tuesday after Donald Trump’s latest talk about tariffs created only some ripples on Wall Street, even if they could roil the global economy were they to take effect. The S&P 500 climbed 0.6% to top the all-time high it set a couple weeks ago. The Dow Jones Industrial Average added 123 points, or 0.3%, to its own record set the day before, while the Nasdaq composite gained 0.6% as Microsoft and Big Tech led the way. Stock markets abroad mostly fell after President-elect Trump said he plans to impose sweeping new tariffs on Mexico, Canada and China once he takes office. But the movements were mostly modest. Stock indexes were down 0.1% in Shanghai and nearly flat in Hong Kong, while Canada’s main index edged down by less than 0.1%. Trump has often praised the use of tariffs, but investors are weighing whether his latest threat will actually become policy or is just an opening point for negotiations. For now, the market seems to be taking it more as the latter. The consequences otherwise for markets and the global economy could be painful. Unless the United States can prepare alternatives for the autos, energy products and other goods that come from Mexico, Canada and China, such tariffs would raise the price of imported items all at once and make households poorer, according to Carl Weinberg and Rubeela Farooqi, economists at High Frequency Economics. They would also hurt profit margins for U.S. companies, while raising the threat of retaliatory tariffs by other countries. And unlike tariffs in Trump’s first term, his latest proposal would affect products across the board. General Motors sank 9%, and Ford Motor fell 2.6% because both import automobiles from Mexico. Constellation Brands, which sells Modelo and other Mexican beer brands in the United States, dropped 3.3%. The value of the Mexican peso fell 1.8% against the U.S. dollar. Beyond the pain such tariffs would cause U.S. households and businesses, they could also push the Federal Reserve to slow or even halt its cuts to interest rates. The Fed had just begun easing its main interest rate from a two-decade high a couple months ago to offer support for the job market. While lower interest rates can boost the economy, they can also offer more fuel for inflation. “Many” officials at the Fed’s last meeting earlier this month said they should lower rates gradually, according to minutes of the meeting released Tuesday afternoon. The talk about tariffs overshadowed another mixed set of profit reports from U.S. retailers that answered few questions about how much more shoppers can keep spending. They’ll need to stay resilient after helping the economy avoid a recession, despite the high interest rates imposed by the Fed to get inflation under control. A report on Tuesday from the Conference Board said confidence among U.S. consumers improved in November, but not by as much as economists expected. Kohl’s tumbled 17% after its results for the latest quarter fell short of analysts’ expectations. CEO Tom Kingsbury said sales remain soft for apparel and footwear. A day earlier, Kingsbury said he plans to step down as CEO in January. Ashley Buchanan, CEO of Michaels and a retail veteran, will replace him. Best Buy fell 4.9% after likewise falling short of analysts’ expectations. Dick’s Sporting Goods topped forecasts for the latest quarter thanks to a strong back-to-school season, but its stock lost an early gain to fall 1.4%. Still, more stocks rose in the S&P 500 than fell. J.M. Smucker had one of the biggest gains and climbed 5.7% after topping analysts’ expectations for the latest quarter. CEO Mark Smucker credited strength for its Uncrustables, Meow Mix, Café Bustelo and Jif brands. Big Tech stocks also helped prop up U.S. indexes. Gains of 3.2% for Amazon and 2.2% for Microsoft were the two strongest forces lifting the S&P 500. All told, the S&P 500 rose 34.26 points to 6,021.63. The Dow gained 123.74 to 44,860.31, and the Nasdaq composite climbed 119.46 to 19,174.30. In the bond market, Treasury yields held relatively steady following their big drop from a day before driven by relief following Trump’s pick for Treasury secretary. The yield on the 10-year Treasury inched up to 4.29% from 4.28% late Monday, but it’s still well below the 4.41% level where it ended last week. In the crypto market, bitcoin continued to pull back after topping $99,000 for the first time late last week. It’s since dipped back toward $91,000, according to CoinDesk. It’s a sharp turnaround from the bonanza that initially took over the crypto market following Trump’s election. That boom had also appeared to have spilled into some corners of the stock market. Strategists at Barclays Capital pointed to stocks of unprofitable companies, along with other areas that can be caught up in bursts of optimism by smaller-pocketed “retail” investors. Choe writes for the Associated Press.Major retailers in UK and Ireland pull products associated with Conor McGregorSaquon Barkley is the NFL's version of Shohei Ohtani: Analysis
Dell’s third-quarter revenue misses on PC weaknessCLEVELAND (AP) — Alyssa Nakken, the first woman to coach in a Major League Baseball game, is leaving the San Francisco Giants to join the Cleveland Guardians. Nakken made history in 2022 when she took over as first-base coach following an ejection. A former college softball star at Sacramento State, Nakken joined the Giants in 2014 and was promoted to a spot on manager Gabe Kapler's staff in 2020, becoming the majors' first full-time female coach. Nakken has been hired as an assistant director within player development for the Guardians, who won the AL Central last season under first-year manager Stephen Vogt — the AL Manager of the Year. With Cleveland, the 34-year-old Nakken will work with former Giants coaches Craig Albernaz and Kai Correa. Her exact duties are still being determined. "We thank Alyssa Nakken for her incredible contributions to the San Francisco Giants and for trailblazing a path for women in sports,” the Giants said in a statement on Friday. "Her leadership, dedication, and passion for the game have inspired countless individuals, and her impact has been truly transformative for the Giants organization and the baseball community. “As she embarks on this exciting new chapter in her career, we have no doubt that she’ll continue to inspire and achieve great things. We wish her and her family nothing but the best.” Nakken is the second on-field female coach hired by the Guardians. In 2023, the club brought in Amanda Kamekona as their hitting development coach for their year-round training academy in Goodyear, Arizona. Last season, she was an assistant hitting coach at Double-A Akron. Kamekona was twice a third-team All-American at UCLA after transferring from Cal State Fullerton. AP MLB: https://apnews.com/hub/mlb
Black Royals Who Are More Impressive Than the British Royal Family( MENAFN - The Peninsula) AFP Centurion, South Africa: An emotional Temba Bavuma hailed the character of his team after South Africa qualified for the World Test championship final with a dramatic two-wicket win over Pakistan on the fourth day of the first Test at SuperSport Park on Sunday. Needing 148 to win, South Africa crashed to 99 for eight owing to superb bowling by Mohammad Abbas. But Kagiso Rabada turned batting hero as he and Marco Jansen took South Africa to victory with an unbeaten ninth wicket partnership of 51. Rabada, so often a match-winner as a bowler, went on the attack as a batsman, hitting an unbeaten 31 off 26 balls, while Jansen provided solid support in making 16 not out. "It is an emotional moment for me," South African captain Bavuma said at the post-match presentation. "As a team, we have overcome a lot. We haven't been super-dominant with our performances, we haven't been ruthless but we have always found a way to ensure the result was on our side. "Today was testament to that. It speaks a lot to the talent and character of the group." South Africa's win meant that only one of Australia and India can qualify for the final at Lord's in June. Pakistan captain Shan Masood said he was proud of the effort of his players but lamented the failure to take ruthless advantage of their opportunities. "Twice we had them eight down and with the bat we could have extended our first innings and could have extended our lead (in the second innings). We have to learn to seize the moments." 'The only spike' Masood said Abbas, playing in his first Test in more than three years, had been "sensational". The 34-year-old Abbas took a career-best six for 54. He bowled unchanged for 19.3 overs -- four of them on Saturday when he took his first two wickets -- in a spell of unremitting accuracy on a pitch which gave seam bowlers help throughout the match. Man of the match Aiden Markram and Bavuma batted solidly at the start of the day after resuming on 27 for three. However, Markram was bowled by Abbas for 37 by a virtually unplayable ball which kept low and seamed back off the pitch. Bavuma and David Bedingham added another 34 runs until Bavuma uncharacteristically charged down the pitch at Abbas and was given out caught behind for 40. He walked off immediately but Ultra Edge technology showed the only 'spike' was when the ball brushed his trouser pocket. It was the first of four wickets which fell for three runs in 12 balls. Naseem Shah bowled Kyle Verreynne and Abbas had Bedingham and Corbin Bosch caught behind off successive deliveries. Rabada and Jansen saw South Africa through to lunch at 116 for eight -- then polished off the match in just 5.3 overs after the interval, with each stroke cheered by the home spectators. Both sides have a short break before they meet for the second and final Test in Cape Town on January 3. MENAFN29122024000063011010ID1109039795 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.
Should the U.S. increase immigration levels for highly skilled workers?If you’re new to snowboarding, you may not realize the importance of a solid pair of snowboard bindings. In reality, this piece of gear does more than just secure your boots to the snowboard. Bindings are responsible for transferring the power from your legs to the board, allowing improved control and comfort. A quality pair of bindings could last for years, so the decision to buy is a big one. For snowboard bindings that are durable, lightweight and comfortable, check out the BURTON Malavita Snowboard Bindings . Some snowboard bindings are better suited for certain riding styles. Consider how you plan to use your snowboard before settling on a specific pair of bindings. If you’re not sure, try renting some gear for a day and see how the bindings feel on the slopes. Many snowboard manufacturers include a 1 to 10 flexibility rating with their bindings. A high number indicates stiff bindings, while a low number is assigned to bindings that are particularly soft and flexible. Most snowboard bindings have straps that secure the ankle and toe sections of your boots to the board. The ankle straps keep you in a flexible yet fixed position when you lean forward onto your toes, while the toe straps keep your feet in place when you lean back. Padding is used on snowboard bindings to absorb some of the shock caused by bumpy runs. Think about your riding style when deciding how much padding you need. Mounts secure the bindings to the board. You can use mounting screws to attach the bindings and adjust the foot positioning to your preference. Just like a snowboard, snowboard bindings come in a wide variety of different colors and patterns. If you want a cohesive look, pick out bindings that match the rest of your gear. When shopping for snowboard gear online, try to purchase from well-known brands like Burton, Salomon or Rossignol. Cheap snowboard bindings from an obscure manufacturer might be tempting, but you could find yourself with an inferior product once you hit the slopes. The cost of snowboard bindings can vary depending on the brand name and the quality of the parts. Beginner and intermediate snowboarders can expect to pay around $100-$250 for a quality pair of bindings, while advanced snowboard bindings regularly exceed $300. A. Most snowboard bindings are sold in two to five size options. Look at the model’s sizing chart and compare it with your boot size to find bindings that fit you. A. Yes. Although there are women’s snowboard bindings that advertise particular design features, snowboard bindings are universal. This means you can choose any pair you want, as long as they’re the right size. BURTON Malavita Snowboard Bindings What you need to know: Despite being advertised as men’s snowboard bindings, these bindings use advanced technology to deliver quality support and performance for any rider. What you’ll love: Backed by Burton’s legendary reputation, these snowboard bindings offer an advanced level of performance, control and comfort in a stylish package. The padding has a gel to absorb extra shock, and the bindings come in five color options. What you should consider: These bindings might be too expensive for beginner and intermediate riders. Salomon Pact Snowboard Bindings What you need to know: These versatile bindings are durable and affordable enough for almost any rider. What you’ll love: A solid choice for beginners, these snowboard bindings have a rear-entry design with high-quality straps for fine adjustments. Many users note their durability and comfort during long days of riding. What you should consider: These bindings have a limited number of size options, and the mounting discs may not attach to every board type. BURTON Grom Snowboard Bindings What you need to know: Designed for kids and small snowboarders, these popular bindings have a solid construction and reasonable price tag. What you’ll love: Perfect for young riders hitting the slopes for the first time, these beginner bindings are compatible with most snowboard mounting systems and feature a single-component baseplate for consistent control and responsiveness. They’re also available in two sleek color options, black and white. What you should consider: Some users questioned the quality and longevity of the bindings’ highback. Prices listed reflect time and date of publication and are subject to change. Check out our Daily Deals for the best products at the best prices and sign up here to receive the BestReviews weekly newsletter full of shopping inspo and sales. BestReviews spends thousands of hours researching, analyzing and testing products to recommend the best picks for most consumers. BestReviews and its newspaper partners may earn a commission if you purchase a product through one of our links.
LAHAINA, Hawaii — Andrej Jakimovski converted an off-balance layup with 8 seconds left, and Colorado handed No. 2 UConn its second loss in two days at the Maui Invitational, beating the two-time defending national champion 73-72 on Tuesday. A day after a 99-97 overtime loss to Memphis that left Huskies coach Dan Hurley livid about the officiating, UConn (4-2) couldn’t shake the unranked Buffaloes (5-1), who shot 62.5% in the second half. With Colorado trailing 72-71 in the closing seconds, Jakimovski drove to his right and absorbed contact from UConn’s Liam McNeeley. He tossed the ball toward the glass and the shot was good as he fell to the floor. Hassan Diarra missed a 3-pointer just ahead of the buzzer for UConn. Elijah Malone and Julian Hammond III scored 16 points each for Colorado, and Jakimovski had 12 points and 10 rebounds. The Huskies led 40-32 at halftime and by nine points early in the second half, but Colorado quickly closed that gap. McNeeley led UConn with 20 points. UConn: Hurley’s squad is facing its first adversity in quite a while. The Huskies arrived on Maui with a 17-game winning streak that dated to February. Colorado: The Buffaloes were held to season lows in points (56) and field goal percentage (37%) in a 16-point loss to Michigan State on Monday but shot 51.1% overall and 56.3% (9 of 16) from 3-point range against the Huskies. Hurley called timeout to set up the Huskies’ final possession, but the Buffs forced them to take a contested 3. Colorado had a 28-26 rebounding advantage after being out-rebounded 42-29 by Michigan State. Colorado will play the Iowa-Dayton winner in the fifth-place game on Wednesday. UConn will play the loser of that matchup in the seventh-place game. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college basketball: https://apnews.com/hub/ap-top-25-college-basketball-poll and https://apnews.com/hub/college-basketball .The Railway Ministry has labeled as 'fake' and 'misleading' the viral story suggesting a man's daring journey hidden in a train's wheel axle. The social media claims purport that he traveled 250 km from Itarsi to Jabalpur. Officials clarified the person was seen only near the axle of a non-moving train, denying the possibility of such a feat during motion. 'Completely baseless,' stated Dilip Kumar of the Railway Board. Kumar further criticized the news outlets and social media influencers for spreading the unverified story, highlighting the need for authenticity checks in media reporting. (With inputs from agencies.)