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NEW YORK (AP) — Stocks fell broadly on Friday as Wall Street closed out a holiday-shortened week on a down note. The losses were made worse by sharp declines for the Big Tech stocks known as the “Magnificent 7”, which can heavily influence the direction of the market because of their large size. The S&P 500 fell 66.75 points, or 1.1%, to 5,970.84. Roughly 90% of stocks in the benchmark index lost ground, but it managed to hold onto a modest gain of 0.7% for the week. The Dow Jones Industrial Average fell 333.59 points, or 0.8%, to 42,992.21. The tech-heavy Nasdaq composite fell 298.33 points, or 1.5%, to 19,722.03. Semiconductor giant Nvidia slumped 2.1%. Microsoft declined 1.7%. Each has a market value above $3 trillion, giving the companies outsized sway on the S&P 500 and the Nasdaq. A wide range of retailers also fell. Amazon fell 1.5% and Best Buy slipped 1.5%. The sector is being closely watched for clues on how it performed during the holiday shopping season. Energy stocks held up better than the rest of the market, with a loss of less than 0.1% as crude oil prices rose. “There’s just some uncertainty over this relief rally we’ve witnessed since last week,” said Adam Turnquist, chief technical strategist for LPL Financial. The S&P 500 gained nearly 3% over a 3-day stretch before breaking for the Christmas holiday. On Thursday, the index posted a small decline. Despite Friday's drop, the market is moving closer to another standout annual finish . The S&P 500 is on track for a gain of around 25% in 2024. That would mark a second consecutive yearly gain of more than 20%, the first time that has happened since 1997-1998. The gains have been driven partly by upbeat economic data showing that consumers continued spending and the labor market remained strong. Inflation, while still high, has also been steadily easing. A report on Friday showed that sales and inventory estimates for the wholesales trade industry fell 0.2% in November, following a slight gain in October. That weaker-than-expected report follows an update on the labor market Thursday that showed unemployment benefits held steady last week. The stream of upbeat economic data and easing inflation helped prompt a reversal in the Federal Reserve's interest rate policy this year. Expectations for interest rate cuts also helped drive market gains. The central bank recently delivered its third cut to interest rates in 2024. Even though inflation has come closer to the central bank's target of 2%, it remains stubbornly above that mark and worries about it heating up again have tempered the forecast for more interest rate cuts. Inflation concerns have added to uncertainties heading into 2025, which include the labor market’s path ahead and shifting economic policies under incoming President Donald Trump. Worries have risen that Trump’s preference for tariffs and other policies could lead to higher inflation , a bigger U.S. government debt and difficulties for global trade. Amedisys rose 4.7% after the home health care and hospice services provider agreed to extend the deadline for its sale to UnitedHealth Group. The Justice Department had sued to block the $3.3 billion deal, citing concerns the combination would hinder access to home health and hospice services in the U.S. The move to extend the deadline comes ahead of an expected shift in regulatory policy under Trump. The incoming administration is expected to have a more permissive approach to dealmaking and is less likely to raise antitrust concerns. In Asia, Japan’s benchmark index surged as the yen remained weak against the dollar. Stocks in South Korea fell after the main opposition party voted to impeach the country’s acting leader. Markets in Europe gained ground. Bond yields held relatively steady. The yield on the 10-year Treasury rose to 4.62% from 4.59% late Thursday. The yield on the two-year Treasury remained at 4.33% from late Thursday. Wall Street will have more economic updates to look forward to next week, including reports on pending home sales and home prices. There will also be reports on U.S. construction spending and snapshots of manufacturing activity.
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Cowboys G Zack Martin, CB Trevon Diggs out vs. CommandersEven in this banner season for military academy football — complete with winning streaks, national rankings and a conference championship — the biggest goal remains the same. For Army: Beat Navy. For Navy: Beat Army. With the college football landscape changing at a furious rate, the significance of this matchup adds a dose of tradition to mid-December, amid all that talk about the transfer portal and the new expanded playoff. "We've had a good year. You make it a great year by winning this game coming up on Saturday. Frankly, that's just the way it goes around here," Army coach Jeff Monken said. "It's a game and a season really all of its own. We don't apologize for talking about it all the time. We talk about it all the time, and it's 365 days a year." Saturday in Landover, Maryland, is the 125th matchup between Army and Navy, and although these two programs are long removed from their days winning national titles and Heisman Trophies, this is a historic moment in the rivalry. The Black Knights and Midshipmen have combined for 19 wins this season, their highest total ever entering this game. Army (11-1) is ranked 19th in the AP poll after beating Tulane last week to win the American Athletic Conference — the first league title of any kind in the team's 134-year history. Navy (8-3) was ranked as well earlier this season after starting with six straight victories. "I knew we were going to be an improved football team," Navy coach Brian Newberry said. "Didn't know exactly what that was going to look like. I think certainly we've improved in a lot of different areas. I'm excited about the season we've had." This was Army's first season in the AAC, putting the Black Knights and Midshipmen in the same league, although their annual matchup is considered a nonconference game. For a while, there was a chance the teams could meet twice, with a conference championship clash coming before the regularly scheduled Army-Navy game, but that didn't happen. Their most prominent common opponent came from outside the league. Notre Dame handed both Navy and Army its first loss, beating the Midshipmen 51-14 and the Black Knights 49-14. Within the AAC, both teams beat Temple, UAB and East Carolina. Army beat Tulane and Rice and Navy lost to those two teams. Army and Navy also each won its nonconference game against Air Force. Those victories over Air Force mean this season's Commander-In-Chief's Trophy comes down to the Army-Navy game. It's the first time since 2017 that both teams enter this game with a shot at the trophy. It's also the first time since 2017 that both teams enter the game with bowl bids secured. Navy faces Oklahoma in the Armed Forces Bowl and Army takes on Marshall in the Independence Bowl. This year's Army-Navy game is at the Washington Commanders' home stadium in Landover. It was also held there in 2011. This is the first time the game has been in Maryland since Baltimore hosted it in 2016. Baltimore is also up next in 2025. Army quarterback Bryson Daily has 29 rushing touchdowns this season, which is tied for the FBS lead with running back Ashton Jeanty, Boise State's Heisman finalist. Only one QB in FBS history has run for more TDs in a season than Daily. That was Navy's Keenan Reynolds, with 31 in 2013. "You come here to play in this game. The biggest stage possible, millions of people watching and a sold-out NFL stadium. It's awesome," Daily said. "None of the games that happened before this matter. We're going into this game like we're 0-0, they're 0-0 because that's just how you have to come into this game." Navy's closest game this season — win or lose — was a 56-44 win over Memphis. The Midshipmen are the only FBS team that hasn't had a game this season decided by eight points or fewer. AP Sports Writer Stephen Whyno contributed to this report. Get local news delivered to your inbox!Unraveling the Surge: What’s Driving Snowflake’s Stock Spikes?Tulsi Gabbard’s history with Russia is even more concerning than you think
NFL Insider Reveals Who Could Be the Answer to Aaron Rodgers’ 2025 Exit'Things are really rolling': New NDP candidate talks prioritiesPHILADELPHIA, Nov. 23, 2024 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating Zuora, Inc. (NYSE: ZUO) (“Zuora”) on behalf of the company’s investors. Additional information: https://kaskelalaw.com/case/zuora/ On October 17, 2024, Zuora announced that it had agreed to be acquired by an investment group led by private equity firm Silver Lake at a price of $10.00 per share in cash. Following the closing of the proposed transaction, Zuora’s current stockholders will be cashed out of their investment position and the company’s shares will no longer be publicly traded. The investigation seeks to determine whether Zuora shareholders are receiving sufficient consideration for their shares, and whether Zuora’s officers and/or directors breached their fiduciary duties or violated the securities laws in agreeing to sell the company at $10.00 per share. Notably, shares of Zuora’s common stock traded above $10.50 per share as recently as May 2024. Zuora shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229 – 0750 to receive additional information about this investigation and their legal rights and options. Alternatively, investors may submit their information to the firm by clicking on the following link (or by copying and pasting the link into your browser): https://kaskelalaw.com/case/zuora/ Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation on a contingent basis. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com . CONTACT: KASKELA LAW LLC D. Seamus Kaskela, Esq. ( skaskela@kaskelalaw.com ) Adrienne Bell, Esq. ( abell@kaskelalaw.com ) 18 Campus Blvd., Suite 100 Newtown Square, PA 19073 (888) 715 – 1740 (484) 229 – 0750 www.kaskelalaw.com This notice may constitute attorney advertising in certain jurisdictions.
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Heat say Jimmy Butler will miss 2 more games before rejoining team next weekJulia Wick | (TNS) Los Angeles Times As California politicos look ahead to 2025, the biggest question looming is whether Vice President Kamala Harris — a native daughter, battered just weeks ago by presidential election defeat — will enter the 2026 California governor’s race. Related Articles National Politics | Senate begins final push to expand Social Security benefits for millions of people National Politics | Trump taps immigration hard-liner Kari Lake as head of Voice of America National Politics | Trump invites China’s Xi to his inauguration even as he threatens massive tariffs on Beijing National Politics | Pressure on a veteran and senator shows what’s next for those who oppose Trump National Politics | What Americans think about Hegseth, Gabbard and key Trump Cabinet picks AP-NORC poll Harris has yet to give any public indication on her thoughts and those close to her suggest the governorship is not immediately top of mind. But if Harris does ultimately run — and that’s a massive if — her entrée would seismically reshape the already crowded race for California’s highest office. Recent polling suggests Harris would have a major advantage, with 46% of likely voters saying they were somewhat or very likely to support her for governor in 2026, according to a UC Berkeley Institute of Governmental Studies survey co-sponsored by The Times. “If Vice President Harris were to choose to run, I am certain that that would have a near field-clearing effect on the Democratic side,” Rep. Katie Porter, D-Irvine, said during a recent UC Irvine panel interview . Porter, a high-profile Democrat who has been eyeing the wide-open governor’s race, has yet to say whether she plans to run. Porter’s point was broadly echoed in conversations with nearly a dozen California political operatives and strategists, several of whom requested anonymity to speak candidly. Most speculated that a Harris entry would cause some other candidates in the race to scatter, creating further upheaval in down-ballot races as a roster of ambitious politicians scramble for other opportunities. “In politics, you always let the big dogs eat first,” quipped Democratic political consultant Peter Ragone. The current gubernatorial field is a who’s who of California politicians, but lacks a clear favorite or star with widespread name recognition. The vast majority of California’s 22 million voters have yet to pay attention to the race and have little familiarity with the candidates. The list of Democratic candidates includes Los Angeles’ first Latino mayor in more than a century ( Antonio Villaraigosa ); the first female and first out LGBTQ leader of the state Senate ( Toni Atkins ); the sitting lieutenant governor and first woman to hold that post ( Eleni Kounalakis ); the state superintendent of public instruction ( Tony Thurmond ) and the former state controller ( Betty Yee ). Democratic Gov. Gavin Newsom is serving his second term as California governor, meaning he is ineligible to run again. Several other Democrats, including Porter, outgoing Health and Human Services Director Xavier Becerra and state Atty. Gen. Rob Bonta have also publicly toyed with the idea of a run. They could be less likely to enter the fray should Harris decide to run. What the billionaire mall mogul Rick Caruso — who has also been exploring a run — would choose to do is an open question, as Caruso might contrast himself with Harris as a more centrist candidate. The real estate developer was a registered Republican until November 2019. It’s unlikely that Harris will proffer a public decision in the immediate term, leaving plenty of time for political insiders to game out hypotheticals in the weeks and months to come. Harris’ office did not respond to a request for comment. “I think every candidate for governor is trying to get some kind of intel,” Mike Trujillo, a Los Angeles-based Democratic political consultant and former Villaraigosa staffer, said of a potential Harris run. Trujillo speculated that Harris’ current state was probably similar to Hillary Clinton’s hiking sojourns in the Chappaqua woods after losing to Donald Trump in 2016, or Al Gore growing a beard in the bruising aftermath of his 2000 defeat. “The first thing she’s probably thinking about is, ‘Well, can I run again for president in four years?’ Not, ‘Do I run for governor in two years?’” said one political operative who’s worked with Harris in the past. Harris maintains a home in Brentwood and previously served as California’s senator and attorney general. A successful run for governor in 2026 would almost certainly impede a grab for the presidency in 2028. (Though if history is any guide, an unsuccessful run for California governor does not definitively preclude a bid for the Oval Office: Two years after losing the White House to John F. Kennedy, Richard Nixon lost the 1962 contest for governor to Pat Brown . The Yorba Linda native became the nation’s 37th president in 1969.) As the chief executive of a state that doubles as the world’s fifth-largest economy, Harris would have more power to steer policy and make changes as a California governor than she did as vice president, where her job required deference to President Biden. But leading a state, even the nation’s most populous, could feel like small potatoes after being a heartbeat (and a few dozen electoral votes) from the presidency. The protracted slog to November 2026 would also be a stark contrast to her ill-fated 107-day sprint toward the White House, particularly for a candidate whose 2020 presidential primary campaign was dogged by allegations of infighting and mismanagement. “I don’t think Kamala Harris has a deep psychological need to be governor of California, or to be in elective office in order to feel like she can contribute to society,” said the operative who’s worked with Harris in the past. “I think some of these people do, but she’s somebody who has enough prominence that she could do a lot of big, wonderful things without having to worry about balancing California’s budget or negotiating with Assemblyman Jesse Gabriel,” the Encino Democrat who chairs the Assembly’s budget committee. Technically, Harris has until March 2026 to decide whether she enters a race. But political strategists who spoke to The Times theorized that she probably would make a move by late spring, if she chooses to do so. “People will be more annoyed if she drops in in June,” a Democratic strategist involved with one of the gubernatorial campaigns said. Sending a clear signal by February would be more “courteous,” the strategist continued, explaining that such a move would give candidates more time to potentially enter other races. Kounalakis is a longtime friend and ally of Harris’ , and the vice president also has long-term relationships with some of the other candidates and potential candidates. California has eight statewide elected offices and campaign finance laws allow candidates to fundraise interchangeably for them, meaning money already raised for a candidate’s gubernatorial campaign could easily be redirected should they decide to run for, say, lieutenant governor instead. There are already a number of candidates running for lieutenant governor, including former Stockton Mayor Michael Tubbs, former state Sen. Steven Bradford and former state Treasurer Fiona Ma. But that office probably would see even more interest should Harris enter the gubernatorial race. It’s a largely ceremonial position, but one that has served as a launching pad for the governorship. Still, even if Harris does enter the race, Republican political strategist Mike Murphy threw cold water on the idea that she would have an automatic glide path to the governor’s office. “It’s like Hollywood. Nobody knows anything. She’s famous enough to look credible in early polling. That’s all we know for sure,” Murphy said. “Does that predict the future? No. Are there a lot of downsides (to a potential Harris candidacy)? Totally, yes.” ©2024 Los Angeles Times. Visit latimes.com. Distributed by Tribune Content Agency, LLC.
Samsung has kicked off its Black Friday sale early this year and it has tons of stuff on sale for gamers, such as the Odyssey OLED G8 (G85SB) gaming monitor. This is an ultra-wide, 34-inch monitor with an OLED panel that Samsung released earlier this year and it offers quite a few benefits to any gamer who wants something exquisite for their gaming purposes but without spending over $1,000 to get it. What’s interesting is that normally you would have to spend over that price for this monitor. Its full retail price is $1,199.99. However, because of Samsung’s Black Friday sale, it’s currently available for only $648.99. That’s a total savings of $551 and that’s a really good price for a really good monitor. There are a few standout features to look for here. It has a high refresh rate for example, and that’s definitely something you want in a gaming monitor if you value smooth gameplay visuals. For this monitor, the refresh rate is 175Hz which is going to be plenty for any game you decide to put up on-screen. Although, the ultra-competitive players out there may want something higher. For gamers who may not yet have their PC or console hooked up, you can still play games with the Odyssey G8 (G85SB). It has Samsung Gaming Hub built-in so all you would need to do is connect the monitor to your Wi-Fi network. Then sign into any one of the available cloud gaming apps including Xbox Game Pass, GeForce NOW, and Utomik. It also has this really cool lighting feature with Samsung’s CoreSync and CoreLighting+. What this does is take in-game colors and project them through the CoreSync lighting ring on the back of the monitor. So if it’s close enough to the wall you get to see those mimicked colors blasting off the wall to create a more immersive experience while gaming. It’s a very cool effect. This is just one of several gaming monitors that Samsung is discounting for Black Friday, too. So if this doesn’t fit what you’re looking for, there’s a good chance Samsung has something that will. Buy at SamsungHeat say Jimmy Butler will miss 2 more games before rejoining team next week
ABC has made the holiday season a little brighter thanks to The Great Christmas Light Fight . Season 12 is currently underway with more elaborate and unique displays. Even though Carter Oosterhouse has been judging for more than a decade, the longtime judge continues to be impressed. The construction expert and interior designer Taniya Nayak has the difficult task of deciding who out of the four families they visit in each episode takes home $50,000 and the coveted trophy. Here Oosterhouse talks about the show’s longevity and what his residence looks like during the holidays with his wife, actress Amy Smart . It’s amazing how this show has become such an annual holiday tradition for families to watch together. Carter Oosterhouse: The Great Christmas Light Fight is the gift that keeps on giving. The more we are on, the more people come up to me at the airport and reflect on how it’s a tradition for them. They tell me, “We know it’s Christmas time when we see this show come on air.” The family programming this embodies is so sweet and perfect for the holiday season. You have the holiday movies on, which are nostalgic and fun. This is a little bit different, yet gives the same moment for families to gather and have a nice little night at home. Disney/Jim Gensheimer How would you say your judging eye has evolved? That’s a good question. I think sometimes as a judge you don’t even realize how these displays continue to get better. And it’s not just bigger. It’s more than more lights. I always say I can pick the winner right when the lights go on, but that’s not always true because now what I’ve seen is the creativity level has skyrocketed. People are more and more creative than ever before. It’s not just about putting lights on a tree or making sure the balance is correct or the color profile is engaging and interesting. It’s really about creativity. What that means is people are starting to tell stories with their lights. That’s fascinating. In scripted or nonscripted TV, it’s all about telling a story. When you watch something, that is why you keep going back to it. Now these families with these light displays are telling stories. As the viewer, it’s so much more dynamic and interesting to the point you have to scratch your head and say, “I’m blown away. I’m shocked. Just when you think you’ve seen them all, you haven’t.” Technology has also advanced within these displays through computer programming and drones. The technology is there and every year it gets better. Sometimes we do have people who are extremely good with computers and putting light and synchronized lights together, but that’s not always the winner. I don’t want to say it’s usually not the winner, but it seems to me what I have learned is over time I go back to the creative ones. Those are going to be the winners. If they can throw tech in there, even better because it makes it faster, more efficient maybe, and more interesting to some degree. As far as technology goes, every year we’re seeing something different. The light fighters who have been doing it for decades and are at the forefront of this technology, really geek out over that. I do too. I love learning more about it. Then some people who are doing it for the first time knock your socks off because they have no frame of reference. They just want to do something they want to do and in their mind is really cool. I’m always amazed at the dedication of these participants. The light fighters work extremely hard. They are very diligent with what they are doing. The families are in the grind. When September comes around, they are starting to put their lights up and it’s all hands on deck. It’s a lot of work. As a judge too, I want to make sure I applaud them and give them the credit they deserve. It is impressive to see the lengths they go. These guys are beyond the next level. They know the drill. They take the kids to school, go to work, and then come home to start working on their display at all hours of the night. Then they get up the next day and do the same thing. The cool thing is I’d say 99 percent of the people are happy to do this for their community. That’s the best part. On your travels, have there been places you never thought about going but are glad you went? For Trading Spaces , we traveled all over the United States. I think that was the indoctrination of a really crazy travel schedule. I’d say the good thing is I can go back to some of these areas. To your point, I do get to see areas that have lit up these lights or sometimes they are theme parks because we do heavyweights as well. We get into bigger areas that have the capability of dressing it up. Those are eye-opening. I’m in this last round of shooting right now where there are plenty of places I’ve said, “I want to bring my daughter back here.” That’s a sign they’ve done a really good job. You and Taniya are solo judging in these episodes, but do you talk much? We touch base a couple of times during the season and before. It’s funny because it is all very similar for us. There is a progression of what these light fighters are doing. I always feel like I can figure it out if they are going to be a top tier when the lights go on. Lately, I feel as you’ve gotten into it, this is not what I expected at all and even better. That’s fun. Taniya and I have been on the same page with all that. Carter Oosterhouse and Amy Smart at “Common Ground” Screening. (Gregg DeGuire/Variety via Getty Images) Does this being known for this show put pressure on you at home to deliver a good display? Does Amy get you to work? Good question. It used to be my wife saying, “So what are we doing? Why aren’t we having any lights?” I say, “I am the judge of The Great Christmas Light Fight . I feel like I would not do a service and carry out the oath of being a judge and fail miserably putting lights up.” Usually, when I get home it’s a lot closer to Christmas. So, we do the inside. I’ve been trying to bring back things people make as a builder and duplicate them. There are a lot of makers out there. You see this guy who has been working in his workshop, who has this crazy Santa Claus walking up a ladder built on a timing system. I think that’s really cool that I want to go home and do that. So I have dabbled in those. You mentioned you’re filming right now for next year. Do you go back and watch the episodes airing as a family at home? We try to, absolutely, when I’m not shooting for next year. We critique. If my daughter is into it, I feel like I’m doing my job. There are tons of shows she can watch, especially during the holidays. I feel if she is into it, I’m doing alright. What’s your go-to Christmas movies to watch? Do you watch Amy’s movie Just Friends ? I feel sometimes people forget that is a Christmas movie. Just Friends , we do watch that. That is definitely a Christmas movie. We go back to all the nostalgic movies. National Lampoon’s Christmas Vacation , we run back through all that. Now there are all these shows, too. Like these Christmas baking shows. I feel like those are of interest to us too. I guess we’re finding shows I never thought I would watch and falling into. Also, being on a show this long, we’re so thankful it has been on the air this long and having such a successful run. You go through a rollercoaster of emotions. Right now, we’re doing great. It’s fun. It’s a new interest not just on the show but on Christmas too. It’s all about being loved ones. This experience has really helped me dive deeper into the whole Christmas world and look at it from other angles compared to when I first started on the show. Anything you can tease about the episodes to come? There is one episode that is coming up, and what was really of interest was the coordination. Not just of the lights but things that these blow molds were doing within the light display. We see a lot of coordination from the tech world, but when you can take traditional elements and mix those into a newer feel, that was really impressive. There was this choir of blow molds in the show, and that was so dynamic because you think, “Wait? Are those blow molds singing to me now?” There was a ton of them. Not only was it visually interesting but to hear it was amazing. What do you want to see from the show moving forward? I do like the heavyweights. Those are really fun to shoot because they are on such a different level. It’s also the community is helping out as well. You just have more people involved. I’d like to see more of those to tell you the truth because there seems to be a lot more people, which creates a bigger energy. That’s not to say the homes don’t do that. We only do one of these types of episodes a year, but I’d love to see more of them. The Great Christmas Light Fight , Thursdays, 8/7c, ABC More Headlines:Vikings waive former starting cornerback Akayleb Evans in another blow to 2022 draft classAnyone with a linguaphile or world traveler on their shopping list might want to pay attention. Babbel's all-language lifetime subscription is available for just $129.97 (normally $599) through December 9. This means your language-loving giftee can enjoy all languages forever. And you can skip the line right here and head straight to checkout to get it. If you'd like in on this language action for yourself, it's truly a wise investment in both personal and professional growth. With access to 14 languages, Babbel is ideal for business leaders, travelers, and anyone wanting to broaden their global communication skills. 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The losses were made worse by sharp declines for the Big Tech stocks known as the “Magnificent 7”, which can heavily influence the direction of the market because of their large size. The S&P 500 fell 66.75 points, or 1.1%, to 5,970.84. Roughly 90% of stocks in the benchmark index lost ground, but it managed to hold onto a modest gain of 0.7% for the week. The Dow Jones Industrial Average fell 333.59 points, or 0.8%, to 42,992.21. The tech-heavy Nasdaq composite fell 298.33 points, or 1.5%, to 19,722.03. Semiconductor giant Nvidia slumped 2.1%. Microsoft declined 1.7%. Each has a market value above $3 trillion, giving the companies outsized sway on the S&P 500 and the Nasdaq. A wide range of retailers also fell. Amazon fell 1.5% and Best Buy slipped 1.5%. The sector is being closely watched for clues on how it performed during the holiday shopping season. Energy stocks held up better than the rest of the market, with a loss of less than 0.1% as crude oil prices rose. “There’s just some uncertainty over this relief rally we’ve witnessed since last week,” said Adam Turnquist, chief technical strategist for LPL Financial. The S&P 500 gained nearly 3% over a 3-day stretch before breaking for the Christmas holiday. On Thursday, the index posted a small decline. Despite Friday's drop, the market is moving closer to another standout annual finish . The S&P 500 is on track for a gain of around 25% in 2024. That would mark a second consecutive yearly gain of more than 20%, the first time that has happened since 1997-1998. The gains have been driven partly by upbeat economic data showing that consumers continued spending and the labor market remained strong. Inflation, while still high, has also been steadily easing. A report on Friday showed that sales and inventory estimates for the wholesales trade industry fell 0.2% in November, following a slight gain in October. That weaker-than-expected report follows an update on the labor market Thursday that showed unemployment benefits held steady last week. The stream of upbeat economic data and easing inflation helped prompt a reversal in the Federal Reserve's interest rate policy this year. Expectations for interest rate cuts also helped drive market gains. The central bank recently delivered its third cut to interest rates in 2024. Even though inflation has come closer to the central bank's target of 2%, it remains stubbornly above that mark and worries about it heating up again have tempered the forecast for more interest rate cuts. Inflation concerns have added to uncertainties heading into 2025, which include the labor market’s path ahead and shifting economic policies under incoming President Donald Trump. Worries have risen that Trump’s preference for tariffs and other policies could lead to higher inflation , a bigger U.S. government debt and difficulties for global trade. Amedisys rose 4.7% after the home health care and hospice services provider agreed to extend the deadline for its sale to UnitedHealth Group. The Justice Department had sued to block the $3.3 billion deal, citing concerns the combination would hinder access to home health and hospice services in the U.S. The move to extend the deadline comes ahead of an expected shift in regulatory policy under Trump. The incoming administration is expected to have a more permissive approach to dealmaking and is less likely to raise antitrust concerns. In Asia, Japan’s benchmark index surged as the yen remained weak against the dollar. Stocks in South Korea fell after the main opposition party voted to impeach the country’s acting leader. Markets in Europe gained ground. Bond yields held relatively steady. The yield on the 10-year Treasury rose to 4.62% from 4.59% late Thursday. The yield on the two-year Treasury remained at 4.33% from late Thursday. Wall Street will have more economic updates to look forward to next week, including reports on pending home sales and home prices. There will also be reports on U.S. construction spending and snapshots of manufacturing activity.
Pitt quarterback Eli Holstein leaves game with left leg injury against LouisvilleLOUISVILLE, Ky. (AP) — Pittsburgh quarterback Eli Holstein was carted off the field and taken to a hospital with a left leg injury sustained while being sacked in the first quarter of Saturday's Atlantic Coast Conference game at Louisville. The redshirt freshman's left ankle was caught at an awkward angle beneath Louisville defensive end Ashton Gillotte's hip on a twisting tackle for a 4-yard loss at midfield. Panthers medical personnel rushed to Holstein's aid, with a cart arriving quickly on the field within minutes. Holstein’s leg was placed in a boot before he was helped onto the cart. He gave a thumbs-up to nearby teammates as he left the field to applause before being taken a hospital. Holstein started for the Panthers (7-3, 3-3 ACC) after missing last week’s 24-20 home loss to No. 17 Clemson with a head injury sustained in the previous game against Virginia while sliding at the end of a run. He left an Oct. 24 game against Syracuse after taking a hit, but returned against SMU the following week. Holstein completed 3 of 4 passes for 51 yards before being intercepted in the end zone by Louisville's Stanquan Clark on the game-opening possession. He was relieved by junior Nate Yarnell. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football