jilicc 1
Ange Postecoglou fights on as Tottenham return to scene of Antonio Conte rantBruins see improvements under new coach, tackle Canucks next
NEW YORK (AP) — U.S. stocks are stabilizing Thursday following one of their worst days of the year . The S&P 500 rose 0.2% in late trading, a day after tumbling 2.9% when the Federal Reserve said it may deliver fewer cuts to interest rates next year than earlier thought. The Dow Jones Industrial Average was up 136 points, or 0.3%, with less than an hour remaining in trading, following Wednesday’s drop of more than 1,100 points. The Nasdaq composite rose 0.3%. Wednesday’s drop took some of the enthusiasm out of the market, which critics had already been warning was overly buoyant and would need everything to go correctly for it to justify its high prices. But indexes remain near their records , and the S&P 500 is still on track for one of its best years of the millennium . Traders are now expecting the Federal Reserve to deliver just one or maybe two cuts to interest rates next year, according to data from CME Group. Some are even betting on none. A month ago, the majority saw at least two cuts in 2025 as a safe bet. Wall Street loves lower interest rates because they give the economy a boost and goose prices for investments, but they can also provide fuel for inflation. Darden Restaurants, the company behind Olive Garden and other chains, helped lift the market after leaping 15.1%. It delivered profit for the latest quarter that edged past analysts’ expectations. The operator of LongHorn Steakhouses also gave a forecast for revenue for this fiscal year that topped analysts’. Accenture rose 6.7% after the professional services company likewise topped expectations for profit in the latest quarter. CEO Julie Sweet said it saw growth around the world, and the company raised its forecast for revenue this fiscal year. Amazon shares added 1.8%, even as workers at seven of its facilities went on strike Thursday in the middle of the online retail giant’s busiest time of the year. Amazon says it doesn’t expect an impact on its operations during what the workers’ union calls the largest strike against the company in U.S. history. They helped offset a tumble for Micron Technology, which fell 16.7% despite reporting stronger profit than expected. The computer memory company’s revenue fell short of Wall Street’s forecasts, and CEO Sanjay Mehrotra said it expects demand from consumers to remain weaker in the near term. It gave a forecast for revenue in the current quarter that fell well short of what analysts were thinking. Lamb Weston, which makes French fries and other potato products, dropped 22.6% after falling short of analysts’ expectations for profit and revenue in the latest quarter. It also cut its financial targets for the fiscal year, saying demand for frozen potatoes is continuing to soften, particularly outside North America. The company replaced its chief executive. In the bond market, yields were mixed a day after shooting higher on expectations that the Fed would deliver fewer cuts to rates in 2025. Reports on the U.S. economy came in mixed. One showed the overall economy grew at a 3.1% annualized rate during the summer, faster than earlier thought. The economy has remained remarkably resilient even though the Fed held its main interest rate at a two-decade high for a while before beginning to cut them in September. A separate report showed fewer U.S. workers applied for unemployment benefits last week, an indication that the job market also remains solid. But a third report said manufacturing in the mid-Atlantic region is unexpectedly contracting again despite economists’ expectations for growth. The yield on the 10-year Treasury rose to 4.57% from 4.52% late Wednesday and from less than 4.20% earlier this month. But the two-year yield, which more closely tracks expectations for action by the Fed in the near term, eased back to 4.31% from 4.35%. The rise in longer-term yields has put pressure on the housing market by keeping mortgage rates higher. Homebuilder Lennar fell 4.8% after it reported weaker profit and revenue for the latest quarter than analysts expected. CEO Stuart Miller said that “the housing market that appeared to be improving as the Fed cut short-term interest rates, proved to be far more challenging as mortgage rates rose” through the quarter. “Even while demand remained strong, and the chronic supply shortage continued to drive the market, our results were driven by affordability limitations from higher interest rates,” he said. A report on Thursday may have offered some encouragement for the housing industry. It showed a pickup in sales of previously occupied homes. In stock markets abroad, London’s FTSE 100 fell 1.1% after the Bank of England paused its cuts to rates and kept its main interest rate unchanged on Thursday. The move comes as inflation there moved further above the central bank’s 2% target rate, while the British economy is flatlining at best. The Bank of Japan also kept its benchmark interest rate unchanged, and Tokyo’s Nikkei 225 fell 0.7%. Indexes likewise sank across much of the rest of Asia and Europe. AP Business Writers Matt Ott and Elaine Kurtenbach contributed.
Grocery giant Stop & Shop suffered a major cyberattack earlier this month which took down their entire system. Executives have spent weeks trying right the ship after the online attack affected both in-store shopping and online shopping experiences. The company that owns Stop & Shop — as well as other major grocers, like Food Lion , Giant Food & Hannaford , Ahold Delhaize USA — says that their brands are open and serving customers, and that e-commerce channels are active. But the cyber attack put a major dent into the logistical side of keeping the store shelves stocked. With the data breach, distribution troubles developed, and some Stop & Shop locations shelves were starting to go bare. The company says several Ahold Delhaize USA brands and services, including some pharmacies and certain e-commerce operations, were affected. Stop & Shop has just announced that, for the most part, the logistics have been figured out, and shelves should be back to normal just in time for Thanksgiving shopping. One glimmer of good news is that frozen items like turkey and ham are sent to stores well in advance of the holidays, as they can keep longer. The major threat to their supply chain would have been other Thanksgiving dinner items, such as produce, stuffing and desserts. Ahold Delhaize USA said that they reported the cyberattack to law enforcement and are complying with them to help get to the bottom of the situation. Hug your green peppers a little bit tighter tonight. 2024 CMA Awards Red Carpet Pictures Check out the best pictures from the 2024 CMA Awards red carpet. Country couples and solo stars walked the red carpet ahead of the CMA Awards on Wednesday (Nov. 20). See pictures of the best and worst dressed stars, plus some of the wildest looks. There were certainly some bold hat decisions. Gallery Credit: Billy Dukes Garth Brooks Sexual Assault Allegations Timeline A woman accusing Garth Brooks of sexual assault and battery was part of his inner circle for 20 years before what she says happened, happened. But Brooks and Jane Roe's timelines differ in key ways. Here is a timeline of events, starting with the first time she worked for Brooks' wife, Trisha Yearwood . Gallery Credit: Billy Dukes The Best Country Duets | 55 Country Music Hits, Ranked Country is well known for duets, and there is no shortage of collaborations between men and women, women and women, or two men. We've cut it down to 55 of country music's best duets over the past several decades, as you'll see here. Find the best Dolly Parton , Reba McEntire and Carrie Underwood duets, plus modern pairings from artists like Lainey Wilson, Eric Church , Post Malone and more. Should Tim McGraw and Faith Hill be No. 1? Or should it be another married country couple? Gallery Credit: Billy DukesNEW YORK (AP) — U.S. stocks rose Monday, with those benefiting the most from lower interest rates and a stronger economy leading the way. The S&P 500 climbed 0.3% to pull closer to its all-time high set two weeks ago. The Dow Jones Industrial Average added 440 points, or 1%, to its own record set on Friday, while the Nasdaq composite rose 0.3%. Treasury yields also eased in the bond market amid what some analysts called a “Bessent bounce” after President-elect Donald Trump said he wants Scott Bessent , a hedge fund manager, to be his Treasury Secretary. Bessent has argued for reducing the U.S. government’s deficit, which is how much more it spends than it takes in through taxes and other revenue. Such an approach could soothe worries on Wall Street that Trump’s policies may lead to a much bigger deficit, which in turn would put upward pressure on Treasury yields. After climbing above 4.44% immediately after Trump’s election, the yield on the 10-year Treasury fell back to 4.26% Monday, down from 4.41% late Friday. That’s a notable move, and lower yields make it cheaper for all kinds of companies and households to borrow money. They also give a boost to prices for stocks and other investments. That helped stocks of smaller companies lead the way, and the Russell 2000 index of smaller stocks jumped 1.5%. It finished just shy of its all-time high, which was set three years ago. Smaller companies can feel bigger boosts from lower borrowing costs because of the need for many to borrow to grow. The two-year Treasury yield, which more closely tracks the market’s expectations for what the Federal Reserve will do with overnight interest rates, also eased sharply. The Fed began cutting its main interest rate just a couple months ago from a two-decade high, hoping to keep the job market humming after bringing inflation nearly all the way down to its 2% target. But immediately after Trump’s victory, traders had reduced bets for how many cuts the Fed may deliver next year. They were worried Trump’s preference for lower tax rates and higher spending on the border would balloon the national debt. A report coming on Wednesday could influence how much the Fed may cut rates. Economists expect it to show that an underlying inflation trend the Fed prefers to use accelerated to 2.8% last month from 2.7% in September. Higher inflation would make the Fed more reluctant to cut rates as deeply or as quickly as it would otherwise. Goldman Sachs economist David Mericle expects that to slow by the end of next year to 2.4%, but he said inflation would be even lower if not for expected tariff increases on imports from China and autos favored by Trump. Story continues below video In the stock market, Bath & Body Works jumped 16.5% after delivering stronger profit for the latest quarter than analysts expected. The seller of personal care products and home fragrances also raised its financial forecasts for the full year, even though it still sees a “volatile retail environment” and a shorter holiday shopping season this year. Much focus has been on how resilient U.S. shoppers can remain, given high prices across the economy and still-high interest rates. Last week, two major retailers sent mixed messages. Target tumbled after giving a dour forecast for the holiday shopping season. It followed Walmart , which gave a much more encouraging outlook. Another big retailer, Macy’s, said Monday its sales for the latest quarter were in line with its expectations, but it will delay the release of its full financial results. It found a single employee had intentionally hid up to $154 million in delivery expenses, and it needs more time to complete its investigation. Macy’s stock fell 2.2%. Among the market’s leaders were several companies related to the housing industry. Monday’s drop in Treasury yields could translate into easier mortgage rates, which could spur activity for housing. Builders FirstSource, a supplier or building materials, rose 5.9%. Homebuilders, D.R. Horton, PulteGroup and Lennar all rose at least 5.6%. All told, the S&P 500 rose 18.03 points to 5,987.37. The Dow Jones Industrial Average jumped 440.06 to 44,736.57, and the Nasdaq composite gained 51.18 to 19,054.84. In stock markets abroad, indexes moved modestly across much of Europe after finishing mixed in Asia. In the crypto market, bitcoin was trading below $95,000 after threatening to hit $100,000 late last week for the first time. AP Business Writer Elaine Kurtenbach contributed.
Blowout loss to Packers leaves the 49ers on the playoff brink
Web3 Game Studio Qooverse Secures Investment in Round Led by Paper Ventures
NoneDow Jones Futures: Salesforce Leads Earnings Winners After Meta, Palantir, Credo ShineLILM Class Action Notice: Robbins LLP Reminds Investors of the Lead Plaintiff Deadline in the Class Action Against Lilium N.V.
Why is it so hard to type in Indigenous languages?The China Fund, Inc. Announces Date of Annual Meeting of StockholdersCryptocurrencies, and more specifically their underlying blockchain technologies , have gone from a solution in search of a problem to a solution in hopes of some regulatory clarity. Along the way, the sector’s market capitalization has surged north of $3 trillion. As the global economy warms to novel applications of blockchain technology and digital assets, regulations in the U.S., U.K., and EU are emerging as critical arbiters of the future of the Web3 infrastructure for payments and commerce. While each jurisdiction approaches digital asset regulation with its own priorities, the implications for businesses leveraging these technologies , particularly ones operating internationally, are far-reaching and complex, potentially setting the stage for new norms around business-to-business (B2B) payments and cross-border transactions. Regulatory ambiguity has slowed blockchain adoption, particularly for businesses looking to embrace strategies such as integrating stablecoins into supply chain finance or for real-time treasury management and cross-border payments. Read more : Why Banks Might Want to Have a Blockchain Strategy Developments in Crypto Regulation The U.S. is a critical market for digital assets but has faced challenges due to its fragmented regulations. Yet for crypto players, hope has emerged. PYMNTS covered how the U.S. government and state-level agencies are expected to scale back enforcement of the cryptocurrency sector under President-elect Donald Trump. Trump himself reportedly is meeting with Coinbase CEO Brian Armstrong to discuss the incoming administration’s personnel appointments. Trump stressed during his campaign that if elected, he would form a presidential advisory commission focused on bitcoin and crypto and with developing transparent regulatory guidance in the sector, following years of what industry players alleged to be “regulation by enforcement” under the U.S. Securities and Exchange Commission (SEC). “The largest financial institutions are eager to explore tokenized assets,” Nikola Plecas , head of commercialization at Visa Crypto, told PYMNTS, but noted that they require regulatory certainty to do so. To date, questions about whether cryptocurrencies and digital assets, including stablecoins, should be regulated as securities or banking instruments remain unanswered. The uncertainty has prompted some crypto firms to focus on cross-border applications , leveraging blockchain to bypass traditional financial intermediaries. Read more : Mastercard and J.P. Morgan Partner on Blockchain-Based B2B Payments Striking a Balance “Blockchain solutions and stablecoins — I don’t like to use the term crypto because this is more about FinTech — they’ve found product-market fit in cross-border payments,” Sheraz Shere , GM payments and commerce at Solana Foundation , told PYMNTS. “You get the disintermediation, you get the speed, you get the transparency, you get extremely low cost.” Stablecoins remain a focal point in the regulatory discourse, with implications for cross-border payments. Their ability to streamline transactions and reduce costs is particularly appealing to businesses operating in international markets. Already, the EU’s implementation of the Markets in Crypto-Assets (MiCA) regulation’s provision for stablecoins put the EU at the forefront of crypto regulation , while t he British government announced plans last fall to bring fiat-backed stablecoins under the purview of the Bank of England, Financial Conduct Authority and Payment Systems Regulator. However, further global regulatory interoperability will be crucial in unlocking their full potential. “The main barrier to widespread stablecoin adoption outside of the crypto ecosystem is the lack of regulatory frameworks,” Tony McLaughlin , emerging payments at Citi Services , told PYMNTS. As PYMNTS covered earlier , the U.K. is working to keep up with the U.S. and Europe and will consider a comprehensive regulatory framework for the cryptocurrency sector in early 2025. The country’s Labour Party, which came to power in July, will draft rules that will include stablecoins and staking services, with an eventual consultation paper on stablecoins due from the Financial Conduct Authority at the start of 2025. Read more : How Blockchain Tech Can Streamline Treasury Operations
Family of Lyle and Erik Menendez told a judge Monday they want the men freed from the life sentences they are serving for the shotgun murders of their parents, as their court case suffered a delay. The pair have been in prison since a blockbuster trial in the 1990s that became almost compulsory viewing for millions of Americans. Television audiences were riveted by the gruesome details of the slayings of Jose and Kitty Menendez at the family's luxury Beverly Hills mansion. The two men, who have spent more than three decades behind bars, had been due to appear by videolink at a hearing in Los Angeles, their first court appearance in 28 years as a campaign to set them free gathers pace. But technical difficulties scuppered the appearance and the hearing was pushed back to the end of January. Nevertheless, Judge Michael Jesic called the two men's elderly aunts to the stand to hear them plead for the brothers to be freed. "I would like to be able to hug them and see them," Jose Menendez's older sister Terry Baralt, 85, said. "I would like them to come home." Kitty's sister, Joan Vander Molen, echoed that. "No child should go through what Erik and Lyle went through," she said. "They never knew if tonight will be the night when they would be raped." Prosecutors painted the crime as a cold-hearted bid by the then-young men -- Lyle was 21 and Erik was 18 -- to get their hands on their parents' $14 million fortune. But their attorneys described the 1989 killings as an act of desperate self-defense by young men subjected to years of sexual abuse and psychological violence at the hands of an abusive father and a complicit mother. The case saw a huge surge of renewed interest this year with the release of the Netflix hit "Monsters: The Lyle and Erik Menendez Story." The hearing comes after a campaign to secure their release, supported by Kim Kardashian and other celebrities. "Set them free before the Holidays!" wrote Tammi Menendez, Erik's wife, on social media last week. Public interest was such that the court held a lottery for the 16 seats in the public gallery. Nick Bonanno, a former high school classmate of Erik's, was the first to arrive at the court, taking his place at the head of the line at 4:30 am (1230 GMT). "I wanted to show support to... Eric and Lyle," he told AFP ahead of the hearing. "It's all about supporting and healing, not just for the families, but for us as a culture." Elena Gordon, 43, said she wanted "to witness a part of our local history." The hearing was intended as a starting point for lawyers working on three routes to free Erik Menendez, 53, and Lyle Menendez, 56. Attorney Mark Geragos has filed a writ of habeas corpus, an attempt to effectively vacate the brothers' first-degree murder conviction, which could free the brothers immediately. Another route is an effort to get the men re-sentenced on the same conviction, which would open the way for them to request parole. Finally, Geragos has submitted a clemency request to California Governor Gavin Newsom. Journalist Robert Rand, who wrote a book about the case, and who is in regular touch with the brothers, said the family was optimistic. But, he said, no one was expecting any quick fixes. "They're hopeful," he said. "They don't know what's going to happen. "I believe this could take much longer than was originally anticipated. It could be six months, could be eight months, could be a year, but eventually they will get out." With excitement over the case near fever pitch, tourists are regularly making pilgrimages to the Beverly Hills home where the killings took place. Australian Christian Hannah, who was born almost two decades after the double murders, made sure the home was a stop on his tour of celebrity hotspots, because of his fascination with the Netflix show. "It's really awesome seeing it in person," he told AFP last week. "It's just because you see it on TV and you see it in person, just feels really cool." pr-hg/amz/jgc
( MENAFN - EIN Presswire) Andy Delivering Precision and Reliability for Medical Device Manufacturers with Advanced CNC Machining Solutions SILICON VALLEY, CA, UNITED STATES, December 19, 2024 /EINPresswire / -- Tuofa CNC Machining , China's leading supplier of precision CNC machining parts , is excited to announce an expansion of its services focused on the medical industry. Known for delivering high-quality, custom-engineered components, Tuofa is now increasing its support for medical device manufacturers with advanced, highly accurate machining solutions. With 20 years of experience in CNC machining, Tuofa has built a strong reputation for providing complex, high-tolerance parts to industries such as aerospace and automotive. Now, the company is turning its expertise to meet the growing demand for precision components in the medical field, an area requiring the highest levels of accuracy, safety, and reliability. Meeting the Rigorous Standards of the Medical Sector The medical device industry is unique. It requires components that meet strict quality standards, because even the smallest error can affect patient safety. Tuofa CNC Machining understands these challenges and is dedicated to producing parts that meet or exceed global medical standards. From surgical instruments and implants to diagnostic tools, the company delivers solutions that ensure medical devices perform perfectly when needed most. “Medical machining is a critical field, and we take it seriously,” says Andy, CEO of Tuofa CNC Machining.“We've always focused on precision, and with our experience and technology, we are well-positioned to meet the specific demands of medical device manufacturers worldwide.” Cutting-Edge Technology for Precision Parts At Tuofa, technology plays a key role in delivering high-quality medical parts. The company uses advanced CNC machines, including multi-axis mills and lathes, capable of producing complex parts with micrometer-level precision. This allows Tuofa to craft everything from small, intricate components to larger parts that require careful attention to detail. The materials Tuofa works with include titanium, stainless steel, medical-grade plastics, and other specialized alloys – all of which are critical for medical applications. These capabilities ensure that Tuofa is able to support a wide range of medical products, such as implants, surgical tools, diagnostic devices, and more. Whether you need a single prototype or a large production run, Tuofa has the expertise and resources to provide top-quality, custom solutions. The company is ready to meet the exact needs of each client, no matter how complex. Quality Control You Can Trust At Tuofa CNC Machining, quality is non-negotiable. The company is committed to ensuring every part meets the highest standards of precision and safety. All components undergo rigorous inspections using state-of-the-art metrology equipment to ensure they comply with international certifications like ISO 13485, a key standard for medical devices. This focus on quality is what sets Tuofa apart. Each project is managed carefully, from design to production, to ensure the final product is safe, functional, and reliable. Whether you are developing a new medical device or need precision parts for an existing product, Tuofa guarantees that its components will perform flawlessly in critical medical applications. Kevin Tuofa CNC Machining +86 131 4703 0949 ... Visit us on social media: Facebook LinkedIn YouTube TikTok Shenzhen Tuofa Technology Co., Ltd. Legal Disclaimer: EIN Presswire provides this news content "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 author above. MENAFN19122024003118003196ID1109014648 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.
Who can the president pardon? Here’s what to know as Biden wraps up his term
Boys Town Announces Patent Pending on AI Enhanced Training System & Assistive Mixed Reality TechnologyBlowout loss to Packers leaves the 49ers on the playoff brink
Nxu CFO Sarah Wyant sells $8,219 in stock