Article content Alberta aims to cut costs for ratepayers and prioritize affordability with a planned series of changes to the electricity market. Under the changes announced on Tuesday, costs for new transmission infrastructure will be assigned on a cost-causation basis, where those who use the most power pay for any cost increases. Currently, ratepayers pay 100 per cent of the cost to build new transmission lines. The changes will also include moving to a day-ahead model. The new legislation is expected in the spring. In an interview with Postmedia, Affordability and Utilities Minister Nathan Neudorf said transmission costs are roughly equalized throughout the province and distribution is very regional. He added that northern rural Albertans pay three to five times as much as those in metropolitan centres. “It doesn’t matter what project we’re talking about, ratepayers will be the ones saving money,” Neudorf said. “In every scenario, this is an affordability measure for them.” Paying 100% or less Neudorf said while it’s difficult to pinpoint what the average Albertan pays for electricity, the changes mean ratepayers will now be paying “100 per cent or less.” Neudorf said when an area needs to be developed, ratepayers whose power usage increases would pay for the added cost. However, if the needs are already met in a certain area — where a resource like wind is available, for example — those advocating for that resource would bear the cost of upgrading the system. “It’s unfair for ratepayers to have to pay more for something they’re already getting,” Neudorf said. Neudorf said those building way off the grid will have to pay to build transmission lines. Some recently announced data centres will be self-sufficient, with no need to connect to the transmission grid. The proposed changes aim to encourage the building of new power plants in optimal locations and on existing infrastructure. Day-ahead market In the current market, power generators provide a real-time price. The province’s proposed market reforms will include moving to a day-ahead market, where power generators will commit their power 24 hours in advance rather than a couple of hours beforehand. Neudorf said this gives system operators clear information about how much power is available so that the system can respond to power fluctuations with increased reliability and stability, reducing the risk of potential grid alerts. “It also provides a lot more discipline and competition in the bidding behaviours of all of our generators because everybody will see their pricing 24 hours in advance and see their trends,” Neudorf said. “It is where most jurisdictions in North America are going to, so it really helps discipline the price spikes to a more stable pricing, competitive market.” Before the legislation is approved, Neudorf said there are several temporary measures in place, including the market power mitigation legislation passed last spring, which restricted generators from charging high prices. Neudorf said this measure has brought electricity prices down by 39 per cent from their last peak in 2024. ctran@postmedia.com @kccindytran Bookmark our website and support our journalism: Don’t miss the news you need to know — add EdmontonJournal.com and EdmontonSun.com to your bookmarks and sign up for our newsletters . You can also support our journalism by becoming a digital subscriber. Subscribers gain unlimited access to The Edmonton Journal, Edmonton Sun, National Post and 13 other Canadian news sites. The Edmonton Journal | The Edmonton SunAlex Jones’ bankruptcy judge orders new hearing on The Onion’s Infowars bid
Watch! Acting COAS Oluyede makes 1 strong vow during screening, video trends
FAIRFAX, Va. , Nov. 25, 2024 /PRNewswire/ -- GovCIO Media & Research , a leading federal technology media company, opened the Flywheel Award nominations for the 2025 Defense IT Summit. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.
Legit.ng journalist Esther Odili has over two years of experience covering political parties and movements. CHECK OUT: Learn at Your Own Pace! Our Flexible Online Course allows you to fit copywriting skills development around your busy schedule. Enroll Now! Acting Chief of Army Staff, Olufemi Oluyede, has vowed to bring lasting peace to Nigeria if confirmed in a substantive capacity. Oluyede vows to bring lasting peace to Nigeria if confirmed as COAS Oluyede made this vow on Wednesday, November 27, during his screening by the House of Representatives Joint Committee on Defence and Army at the National Assembly Complex in Abuja. He stressed that the security environment in the country today requires a united effort from every Nigerian. PAY ATTENTION : Standing out in social media world? Easy! "Mastering Storytelling for Social Media" workshop by Legit.ng. Join Us Live! As reported by The Punch, Oluyede also called for strong bilateral and multilateral alliances with neighbouring countries, as well as deep collaboration and joint efforts by the services and other security agencies. “I am honored this evening to be considered worthy to play a part in these efforts and I look forward to contributing my utmost best by working with the National Assembly and other stakeholders in bringing lasting peace to the length and breadth of our dear country Nigeria. Read also Senate to confirm Oluyede as new Chief of Army Staff, details emerge “Thus, if confirmed by this joint committee and given the common mandate to lead the Nigerian Army during this period, I promise to do my best to justify the confidence imposed in me by the appointing authority which is His Excellency Asiwaju Bola Ahmed Tinubu, the confirming authority which is you members of the National Assembly and the generality of Nigerians,” he said. Watch the video below: Read more about Oluyede here: Senate takes action as Tinubu submits name of New Chief of Army Staff to national assembly Tinubu promotes acting Chief of Army Staff Oluyede, details emerge Olufemi Oluyede: 7 things to know about acting COAS In another development, Legit.ng reported that Olufemi Oluyede, described the late COAS Lt. General Taoreed Lagbaja as a "caring brother" who showed remarkable selflessness, kindness and support during his final days. In a moving tribute at Lagbaja’s burial on Friday, November 15, Oluyede recalled how the late COAS , despite being gravely ill, selflessly nominated him for a national honour. PAY ATTENTION: Сheck out news that is picked exactly for YOU ➡️ find the “Recommended for you” block on the home page and enjoy! Source: Legit.ng
For the fifth consecutive time, the Bank of Canada has cut its key interest rate. Down half a per cent, the rate now sits at 3.25 per cent. This, after Canada’s economy grew by one per cent in the third quarter of 2024, and the fourth quarter is looking weaker than projected, according to the Bank of Canada. In London, the CEO of the London – St. Thomas Association of Realtors (STAR), says while it isn’t a big drop, it’s reassuring to see the interest rate head in the right direction. “It's not a huge difference financially, but it's more, I think, the perception and the understanding that it is going to go to a reasonable, a better level. And we're, we're anticipating a really good impact on the market in the new year,” said Bill Madder. “We're quite happy that it's not a huge jump or that we don't anticipate a huge jump in the market. Slow and steady. That's a much better way for a real estate market to go.” Meanwhile, local mortgage experts agree this cut will be positive for the region. “It's going to be a big impact on two fronts. I mean, people that are currently carrying a variable rate mortgage where the payments will fluctuate with the rate. They're going to see a pretty good discount on what they're paying now, which is probably going to alleviate some pressure on them,” said mortgage broker Mike Hattim. “A lot of people, you know, they're fearful of getting into the into the market with home prices being almost three times what they were 10 years ago. I think that now they're going to feel a little bit more comfort in getting into the market. And I think this is a positive.” The Bank of Canada’s next scheduled date for announcing the overnight rate target is Jan. 29, 2025. The Bank of Canada’s next scheduled date for announcing the overnight rate target is Jan. 29, 2025. — With files from CTV’s Mike Le Couteur and CTV London's Brent Lale Shopping Trends The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop. Read about us. Editor's Picks 15 Amazon Canada Stocking Stuffers Under $10 That Everyone Will Love 19 Gifts Under $50 That Are Better Than A Gift Card 19 Practical Gifts That Anyone Would Love To Unwrap Home The Good Stuff: Our Favourite Christmas Lights For 2024 Our Guide To The Best Sectional Sofas You Can Get In Canada Our Guide To The Best Electric Snow Shovels In Canada In 2024 (And Where To Get Them) Gifts 25 Last-Minute Secret Santa Gifts From Amazon Canada That’ll Arrive On Time 19 Of The Best Gifts For People Who Love To Cook 28 Crowd-Pleasing Gifts For The Pickiest People On Your List Beauty 12 Budget-Friendly Products To Add To Your Winter Skincare Routine Our Guide To The Best Self Tanners You Can Get In Canada 20 Anti-Aging Skincare Products That Reviewers Can’t Stop Talking About Deals Don’t Walk, Run! These LEGO Kits Are On Sale And Ready To Gift Black Friday May Be Over, But You Can Still Take Advantage Of These Amazing Sales On Amazon Canada It's Officially Travel Tuesday: Here Are The Best Deals On Flights, Hotels, And Vacations London Top Stories Blizzard, snow squall warnings in effect, as much as 80cm possible in some areas Accused in bush bash shooting testifies claiming he feared for his life Man assaults and disarms police in Hyde Park bank: London police Proposal for nurse practitioners at long term care homes welcome news at Ailsa Craig groundbreaking Experts react to Bank of Canada interest rate cut Middlesex resident loses $45,000 in crypto-currency scam: OPP London police say pedestrian threw coffee at driver, threatened them with knife, and fled on city bus 'I'd prefer to put security over commerce': Sarnia mayor reacts to potential border spending CTVNews.ca Top Stories BREAKING | Ontario Premier Doug Ford threatens to cut off energy to U.S. in response to Trump's tariffs Ontario Premier Doug Ford threatened to cut off energy supply to the U.S. in response to the tariffs President-elect Donald Trump plans to impose on all Canadian imports. Elon Musk calls Justin Trudeau 'insufferable tool' in new social media post Billionaire Elon Musk is calling Prime Minister Justin Trudeau 'an insufferable tool' in a new social media post on Wednesday. 'Won't be in power for much longer,' Musk also wrote about the prime minister on 'X.' Trudeau will have to 'kiss the ring' to achieve smoother bilateral relations with Trump: John Bolton If Prime Minister Justin Trudeau wants to get on U.S. president-elect Donald Trump's good side for the sake of a smooth bilateral relationship, he'll likely have to be openly deferential, says former U.S. National Security Advisor, John Bolton. Banks lower prime rates following Bank of Canada move Canadian financial institutions are lowering their prime lending rates to match the decrease announced by the Bank of Canada. Police locate labyrinth of tunnels connecting tents to generator in Hamilton encampment Hamilton police say that they discovered a series of “man-made holes and tunnels” during a patrol of a downtown encampment earlier this week. Police identify murder victim whose skull was found in Ontario river more than three decades ago Police have identified a man whose skull was found almost 40 years ago in a Peterborough-area river. Certain foods may disrupt your body's fight against cancer cells, study says The food you eat may be affecting your body’s ability to fight cancer cells in the colon, according to a new study. Canada Post strike: Talks deadlocked as sides clash on wages Negotiations between Canada Post and the union representing its workers appear to be in a deadlock as the two sides remain far apart on wages and other issues. Poilievre's Conservatives still in majority territory: Nanos seat projections The Liberals' promise of a temporary GST break and $250 rebate cheques haven't benefited Prime Minister Justin Trudeau and his minority government when it comes to public support, according to Nanos Research data. Kitchener Another blast of winter weather coming our way After a few days of warmer weather, winter is making its return. 140-pound dog strolls solo into Giant Tiger store in Stratford, Ont. A furry, four-legged shopper was spotted in the aisles of a Giant Tiger store in Stratford, Ont. on Sunday morning. BREAKING | Ontario Premier Doug Ford threatens to cut off energy to U.S. in response to Trump's tariffs Ontario Premier Doug Ford threatened to cut off energy supply to the U.S. in response to the tariffs President-elect Donald Trump plans to impose on all Canadian imports. Barrie Blizzard and snow squall warnings issued with hazardous travel expected Prepare for some wicked weather expected to hit the region on Wednesday, with heavy snowfall up to 80 centimetres possible and gusty winds creating dicey travel conditions. Driver speeding 155km/h in posted 80 zone in dense fog charged: OPP A motorist accused of speeding 75 kilometres per hour over the posted limit in the Town of Mono through dense fog will have to explain their actions in court. Modified shotgun, axe and drugs seized from vehicle in Midland parking lot: OPP Two people face charges after a driving complaint in Midland led officers to allegedly find drugs, an axe, baton and a modified shotgun. Windsor Kingsville man dies after crash on Manning Road Essex County OPP say Manning Road is closed after a crash involving a dump truck. Ont. woman whose father died in impaired driving collision warns others not to make same mistake An Ontario woman whose father died in an impaired driving collision when she was a baby is urging people to think twice before getting behind the wheel while impaired, saying the decision can affect multiple generations. $64,000 bank fraud suspect arrested Windsor police say a bank fraud suspect, who was wanted in Windsor, has been arrested in York Region. Northern Ontario Sudbury police make big drug bust at apartment connected to assault suspect As Sudbury police continue to investigate Tuesday's assault on Elm Street, a search of the apartment where some of the suspects were found uncovered $135,000 in drugs. Ontario man charged with sex trafficking underage girls from Sudbury, Kingston Two young girls, from Sudbury and Kingston, Ont., were rescued from sex trafficking in the GTA and their suspected abuser has been charged, but police fear there may be more victims. Sudbury family celebrates liberation of their home country of Syria A Syrian family living in Sudbury, Ont., is celebrating a significant political shift in their home country after rebels took over the government. Sault Ste. Marie Ontario man charged with sex trafficking underage girls from Sudbury, Kingston Two young girls, from Sudbury and Kingston, Ont., were rescued from sex trafficking in the GTA and their suspected abuser has been charged, but police fear there may be more victims. Doctor shortage crisis turning into a catastrophe in the north: OMA Northern Ontario doctors are calling on the province to immediately address an acute doctor shortage in northern Ontario. SPONSORED | Is your credit card’s travel insurance enough? When you’re planning a trip, you always want to ensure you have coverage for any unexpected events, whether that’s a medical emergency, needing to cancel a trip at the last-minute (or during the trip!), or even for lost baggage. Many credit cards offer travel insurance as a perk, but do they provide you with enough coverage? Ottawa Council approves 3.9% tax hike in 2025 City of Ottawa budget, hikes senior monthly fares $9 City council has voted to approve the 2025 City of Ottawa budget that will include scaled back fares hikes for seniors and retain youth discount passes while raising taxes across the board for most homeowners. Driver receives $10K in fines for speeding 134 km/h over speed limit on Highway 174 in Ottawa, police say An Ottawa driver faces $10,000 in fines and is banned from driving for two years after being observed going 134 km/h over the speed limit on Highway 174. Canada Post workers rally at headquarters as strike enters fourth week Canada Post workers are continuing their fight for a deal as their strike stretches into its fourth week. Toronto Police locate labyrinth of tunnels connecting tents to generator in Hamilton encampment Hamilton police say that they discovered a series of “man-made holes and tunnels” during a patrol of a downtown encampment earlier this week. BREAKING | Ontario Premier Doug Ford threatens to cut off energy to U.S. in response to Trump's tariffs Ontario Premier Doug Ford threatened to cut off energy supply to the U.S. in response to the tariffs President-elect Donald Trump plans to impose on all Canadian imports. Police identify murder victim whose skull was found in Ontario river more than three decades ago Police have identified a man whose skull was found almost 40 years ago in a Peterborough-area river. Montreal Montreal billionaire Robert Miller facing new sex charges Montreal billionaire Robert Miller is facing new criminal charges as he waits to go on trial on several sex offences. Quebec hockey referees speak out about being subjected to violence on the ice Hockey can be a violent sport but it’s not only the players receiving the blows. In a three-part report, Noovo Info uncovered stories of referees who have been badly injured on the ice, with some suffering scarring, head trauma and PTSD. Montreal plans to turn Molson Brewery site into residential neighbourhood The old industrial Molson Brewery site downtown Montreal will be transformed into a residential neighbourhood with a public park and some 5,000 housing units. Atlantic Officer receives suspension after two Mi'kmaq elver fishers left without boots A federal fisheries officer has been suspended for 10 days without pay for his role in arresting two Mi'kmaq elver fishers late at night and releasing them in only their socked feet. Truro man wanted on provincewide warrant: N.S. RCMP The RCMP is searching for a man from Truro, N.S., who is wanted on a provincewide warrant. Maritime weather: Rainy, windy weather moves through region More rain and wind are ahead for the Maritimes Wednesday through Thursday, with weather warnings in effect for parts of the region. Winnipeg Winnipeggers face 5.95 per cent property tax increase in budget Winnipeggers will be paying more property taxes than expected next year. Manitoba nurse found not criminally responsible for killing parents has licence to practice suspended A Manitoba nurse who was found not criminally responsible for killing his parents and attacking another nurse in a Winnipeg hospital has been suspended from practicing. Woman, 72, dies following crash on Highway 41: RCMP A 72-year-old woman is dead following a crash on an icy Manitoba highway Tuesday morning. Calgary 'Scared and confused': 9-year-old Calgary girl recalls terrifying experience being stuck in stolen vehicle A Calgary girl who was sitting in her dad's vehicle when it was stolen on Monday night is speaking out about the horrifying experience, along with her father. Woman found badly injured along Nose Creek Pathway dies in hospital A woman who was on life support after she was found badly injured in Calgary's northeast has died. Multi-vehicle highway collision in southern Alberta leaves 4 dead, 1 injured Four people are dead following a multi-vehicle crash in southern Alberta on Monday evening. Edmonton Accused in killing of apartment security guard have extensive criminal histories A man and a woman charged in the killing of a security guard in Edmonton will spend Christmas and New Year's behind bars. Edmonton police acted reasonably in 2022 shooting that killed innocent man: police watchdog Alberta's police watchdog has cleared three Edmonton police officers in the death of a civilian in his apartment in 2022. Crash involving school buses ties up south Edmonton traffic Two school buses carrying children were involved in a crash in south Edmonton Wednesday morning. Regina Extreme cold warnings issued for Regina, Saskatoon and much of eastern Sask. Extreme cold warnings are now in effect as Saskatchewan enters a cold snap, which is expected to last until the end of the week. Sask. hockey coach convicted of historic sex crime back on day parole after 'behavioural concerns' A former WHL coach found guilty last year of sexually assaulting a teen boy is back on day parole. SaskPower bills to rise an average of 2.9% in 2025 due to carbon tax rate increase Residents in Saskatchewan will see a slight increase in their power bills come the new year, as the federal price on carbon is set rise. Saskatoon Cold weather in Saskatchewan spurs furnace breakdowns, carbon monoxide concerns The return of bitterly cold temperatures has first responders and HVAC technicians on stand-by, ready to respond to emergencies. 'Whatever anybody can donate': Sask. man uses school bus to help people stay warm A Saskatchewan man who turned a school bus into a warmup shelter says his nonprofit desperately needs donations. Sask. hockey coach convicted of historic sex crime back on day parole after 'behavioural concerns' A former WHL coach found guilty last year of sexually assaulting a teen boy is back on day parole. Vancouver Distress call leads to discovery of camper's body on Vancouver Island Mounties say a 42-year-old man who was camping on Vancouver Island has been found dead after rescuers were alerted to a distress signal from his satellite communication device. Charges laid in New Westminster triple-stabbing Police in New Westminster say a 30-year-old suspect has been charged with three counts of aggravated assault in connection to a stabbing that occurred back in October. B.C. company appealing nearly $230K fine for failing to report transactions originating from Iran A Surrey-based "money services business" is appealing a roughly $230,000 fine levied against it by Canada's anti-money-laundering and terrorism financing regulator. Vancouver Island Distress call leads to discovery of camper's body on Vancouver Island Mounties say a 42-year-old man who was camping on Vancouver Island has been found dead after rescuers were alerted to a distress signal from his satellite communication device. No Santa, no Rudolph: B.C. mother questions lyric changes for son's school concert A Saanich, B.C., mom is questioning why her son came home from school with the words “Santa,” “Rudolph” and “Christmas” crossed out on a lyric sheet for his winter concert. Commercial truck driver fired, facing charges after parked cars struck in Metro Vancouver A commercial truck driver has been fired and is facing potential impaired driving charges after police say his tractor-trailer collided with four parked cars in Port Coquitlam, B.C. Stay Connected4,683 Shares in Cathay General Bancorp (NASDAQ:CATY) Acquired by CIBC Asset Management Inc
Tonight, Dean McCullough had the prospect of a sixth trial of the series so far, much to a few people's annoyance, but it was Jane Moore who got people talking. Last night, Barry and Danny decided on the new chores each campmate would be doing from now on, Loose Women's Jane Moore accused Barry of being "sexist" and "ageist". Barry explained: "We were looking at you for possible water duty and I thought 'well, you're 62 years old, you're a year younger than me'." As Jane shook her head, she exclaimed: "Ageist and sexist!" Tonight, Jane Moore was slammed on social media. On X, one fan posted: "Jane comes across a bit of a martyr. She isn't the only one on dishes duty. Why is she acting like it is her sole responsibility #imaceleb". Another simply said: "We need to vote for Jane to do a trial next". Someone else commented: "GK said it, vote Jane (more important because she had a strop at Danny and Barry and ruined their night!)". On Sunday (24 November), Coleen Rooney and Dean McCullough faced a gruesome Bushtucker Trial, winning nine stars for the camp. However, McCullough was again voted to face Monday’s trial “Jack the Screamstalk,” much to the frustrations of Ant and Dec (and the public). Elsewhere, Jane Moore and Barry McGuigan argued over chores. McGuigan and Danny Jones were voted by the public to become the new camp leaders. Recommended reading: I'm a Celeb 2024: Viewers can't believe Maura Higgins' age I’m A Celebrity fans praise McFly’s Danny Jones Dean McCullough faces scrutiny for I’m A Celeb act The pair set about upsetting the jungle apple cart by selecting Moore and Tulisa to wash up, and Coleen Rooney and Maura Higgins to act out the duties of camp maintenance. Despite Jones’s initial worry that women were being asked to do less physical tasks and that it could be taken negatively, McGuigan brushed it off. Moore accused McGuigan of “misogyny” and later “ageism” when he used her age as a justification for his and Jones’s decisions.
HUNTINGTON BEACH, Calif. , Nov. 21, 2024 /PRNewswire/ -- Beacon Healthcare Systems , is pleased to announce the appointment of Ayman Mohamed as its new Chief Technology Officer, effective November 18 , signaling a new direction in innovation and technology leadership. With over 20 years of senior leadership, strategic, and operational product management experience, Ayman brings a wealth of knowledge and expertise to the role. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.Losses for big technology stocks pulled major indexes lower on Wall Street. The S&P 500 fell 0.4% Wednesday. The Dow Jones Industrial Average slipped 0.3% from its record high a day earlier, and the Nasdaq composite lost 0.6%. Losses for Nvidia, Microsoft and Broadcom were the biggest weights on the market. Dell sank 12.2% after reporting revenue that fell shy of forecasts, and HP dropped 11.4% after giving a weaker-than-expected outlook. Treasury yields fell in the bond market. U.S. financial markets will be closed Thursday for Thanksgiving, and will reopen for a half day on Friday. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. Stocks wavered in afternoon trading on Wednesday, as losses for several Big Tech companies offset gains elsewhere in the market. The S&P 500 fell 0.4% in afternoon trading, even though more stocks were rising than falling in the index. The Dow Jones Industrial Average fell 135 points, or 0.3%, as of 3:05 p.m. Eastern time. Both indexes set records on Tuesday. The Nasdaq composite fell 0.5%. Losses for tech heavyweights helped pull the broader market lower. Semiconductor giant Nvidia slipped 1.6%. Its huge value gives it outsized influence on market indexes. Microsoft fell 0.9% Several personal computer makers added to Big Tech's heavy weight on the market following their latest earnings reports. HP sank 11.8% after giving investors a weaker-than-expected earnings forecast for its current quarter. Dell slumped 11.9% after its latest quarterly revenue fell short of Wall Street forecasts. Gains for financial and health care companies helped counter Big Tech's downward pull. Visa rose 0.9% and Thermo Fisher Scientific added 2.3%. The U.S. economy expanded at a healthy 2.8% annual pace from July through September, according to the Commerce Department, leaving its original estimate of third-quarter growth unchanged. The growth was driven by strong consumer spending and a surge in exports. The update follows a report on Tuesday from the Conference Board that said confidence among U.S. consumers improved in November, but not by as much as economists expected. Consumers have been driving economic growth, but the latest round of earnings reports from retailers shows a mixed and more cautious picture. Department store operator Nordstrom fell 8.5% after warning investors about a trend toward weakening sales that started in late October. Clothing retailer Urban Outfitters jumped 19.1% after beating analysts’ third-quarter financial forecasts. Weeks earlier, retail giant Target gave investors a discouraging forecast for the holiday season, while Walmart provided a more encouraging forecast. Consumers, though resilient, are still facing pressure from inflation. The latest update from the U.S. government shows that inflation accelerated last month. The personal consumption expenditures index, or PCE, rose to 2.3% in October from 2.1% in September. Overall, the rate of inflation has been falling broadly since it peaked more than two years ago. The PCE, which is the Federal Reserve's preferred measure of inflation, was just below 7.3% in June of 2022. Another measure of inflation, the consumer price index, peaked at 9.1% at the same time. The latest inflation data, though, is a sign that the rate of inflation seems to be stalling as it falls to within range of the Fed's target of 2%. The central bank started raising its benchmark interest rate from near-zero in early 2022 to a two-decade high by the middle of 2023 and held it there in order to tame inflation. The Fed started cutting its benchmark interest rate in September, followed by a second cut in November. Wall Street expects a similar quarter-point cut at the central bank's upcoming meeting in December. “Today’s data shouldn’t change views of the likely path for disinflation, however bumpy," said David Alcaly, lead macroeconomic strategist at Lazard Asset Management. "But a lot of observers, probably including some at the Fed, are looking for reasons to get more hawkish on the outlook given the potential for inflationary policy change like new tariffs.” President-elect Donald Trump has said he plans to impose sweeping new tariffs on Mexico, Canada and China when he takes office in January. That could shock the economy by raising prices on a wide range of goods and accelerating the rate of inflation. Such a shift could prompt the Fed to rethink future cuts to interest rates. Treasury yields slipped in the bond market. The yield on the 10-year Treasury fell to 4.25% from 4.30% late Tuesday. The yield on the two-year Treasury, which more closely follows expected actions by the Fed, fell to 4.22% from 4.25% late Tuesday. U.S. markets will be closed Thursday for Thanksgiving, and will reopen for a half day on Friday. Damian J. Troise And Alex Veiga, The Associated Press
Liverpool vs Man City: Prediction, kick-off time, TV, live stream, team news, h2h results, oddsJason Kelce shotguns beer, does karaoke with Appalachian State fans in wild sceneJones alleges fraud and collusion marred the bankruptcy auction in which The Onion was named the winning bidder on November 14 over a company affiliated with him. US bankruptcy judge Christopher Lopez had been scheduled to hear an emergency motion to disqualify The Onion’s bid, but decided to put it off until either December 9 or December 17. That is also when the judge will hear arguments on a request to approve the sale of Infowars to The Onion. Mr Lopez said similar arguments are being made in both requests. He could allow The Onion to move forward with the sale, order a new auction or name the other bidder as the winner. At stake is whether Mr Jones gets to stay at Infowars’ studio in Austin, Texas, under a new owner friendly to him, or whether he gets kicked out by The Onion. The other bidder, First United American Companies, runs a website in Mr Jones’s name that sells nutritional supplements. Regardless, Mr Jones has set up a new studio, websites and social media accounts that would allow him to keep airing his show. His personal account with 3.3 million followers on the social platform X was not part of the sale, although Mr Lopez will be deciding whether it should be included in the liquidation and sold off later. In a new court filing on Monday, lawyers for X objected to any sale of the accounts of both Mr Jones and Infowars, saying X is the owner of the accounts and that it has not given consent for them to be sold or transferred. Mr Jones has praised X owner Elon Musk on his show and suggested that Mr Musk should buy Infowars. Mr Musk has not responded publicly to that suggestion and was not among the bidders. Mr Jones’ bankruptcy and the liquidation of his assets came about after he was ordered to pay nearly 1.5 billion dollars (£1.19 billion) to relatives of victims of the Sandy Hook Elementary School shooting in Newtown, Connecticut. Mr Jones was found liable for defamation and emotional distress damages in lawsuits in Connecticut and Texas for repeatedly calling the 2012 shooting that killed 20 first graders and six educators a hoax staged by actors to increase gun control. Proceeds from the liquidation are to go to Mr Jones’s creditors, including the Sandy Hook families who sued him. Mr Jones alleged The Onion’s bid was the result of fraud and collusion involving many of those families, the humour site and a court-appointed trustee who is overseeing the liquidation. First United American Companies submitted a 3.5 million dollar (£2.7 million) sealed bid, while The Onion offered 1.75 million dollars (£1.3 million) in cash. But The Onion’s bid also included a pledge by Sandy Hook families to forego some or all of the auction proceeds due to them giving other creditors a total of 100,000 dollars (£79,400) more than they would receive under other bids. The trustee, Christopher Murray, said that made The Onion’s proposal better for creditors and he named it the winning bid. He has denied any wrongdoing. Mr Jones and First United American Companies claimed that the bid violated Mr Lopez’s rules for the auction by including multiple entities and lacking a valid dollar amount. Mr Jones also alleged Mr Murray improperly cancelled an expected round of live bidding and only selected among the sealed bids that were submitted. Mr Jones called the auction “rigged” and a “fraud” on his show, which airs on the Infowars website, radio stations and his X account. In a court filing, Mr Murray called the allegations “a disappointed bidder’s improper attempt to influence an otherwise fair and open auction process”. Mr Lopez’s September order on the auction procedures made a live bidding round optional. It gave broad authority to Mr Murray to conduct the sale, including the power to reject any bid, no matter how high, that was “contrary to the best interests” of Mr Jones, his company and their creditors. Hi friends! I wanted to give a quick update on The Onion’s purchase of InfoWars, which we can’t wait to relaunch as the dumbest site on the internet. Long and short of it: We won the bid and — you're not going to believe it — the previous InfoWars folks aren't taking it well. — follow @bencollins on bluesky (@oneunderscore__) November 16, 2024 But at a November 14 hearing, Mr Lopez said he was concerned about the process and transparency. “We’re all going to an evidentiary hearing and I’m going to figure out exactly what happened,” he said. “No one should feel comfortable with the results of this auction.” The assets of Infowars’ parent company, Free Speech Systems, that were up for sale included the Austin studio, Infowars’ video archive, video production equipment, product trademarks, and Infowars’ websites and social media accounts. Mr Jones is appealing the 1.5 billion dollar (£1.19 billion) in judgments citing free speech rights but has acknowledged that the school shooting happened. Mr Jones has brought in millions of dollars a year in revenue by hawking nutritional supplements, clothing, survival gear and other merchandise from his Infowars Store website, according to court documents. Many of Mr Jones’ personal assets, including real estate as well as guns and other personal belongings, also are being sold as part of the bankruptcy.
AP Sports SummaryBrief at 5:42 p.m. EST