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NEW YORK (AP) — U.S. stocks tiptoed to more records amid a mixed Tuesday of trading, tacking a touch more onto what’s already been a stellar year so far. The S&P 500 edged up by 2 points, or less than 0.1%, to set an all-time high for the 55th time this year. It’s climbed in 10 of the last 11 days and is on track for one of its best years since the turn of the millennium. The Dow Jones Industrial Average slipped 76 points, or 0.2%, while the Nasdaq composite added 0.4% to its own record set a day earlier. AT&T rose 4.6% after it boosted its profit forecast for the year. It also announced a $10 billion plan to send cash to its investors by buying back its own stock, while saying it expects to authorize another $10 billion of repurchases in 2027. On the losing end of Wall Street was U.S. Steel, which fell 8%. President-elect Donald Trump reiterated on social media that he would not let Japan’s Nippon Steel take over the iconic Pennsylvania steelmaker. Nippon Steel announced plans last December to buy the Pittsburgh-based steel producer for $14.1 billion in cash, raising concerns about what the transaction could mean for unionized workers, supply chains and U.S. national security. Earlier this year, President Joe Biden also came out against the acquisition. Tesla sank 1.6% after a judge in Delaware reaffirmed a previous ruling that the electric car maker must revoke Elon Musk’s multibillion-dollar pay package. The judge denied a request by attorneys for Musk and Tesla’s corporate directors to vacate her ruling earlier this year requiring the company to rescind the unprecedented pay package. All told, the S&P 500 rose 2.73 points to 6,049.88. The Dow fell 76.47 to 44,705.53, and the Nasdaq composite gained 76.96 to 19,480.91. In the bond market, Treasury yields held relatively steady after a report showed U.S. employers were advertising slightly more job openings at the end of October than a month earlier. Continued strength there would raise optimism that the economy could remain out of a recession that many investors had earlier worried was inevitable. The yield on the 10-year Treasury rose to 4.23% from 4.20% from late Monday. Yields have seesawed since Election Day amid worries that Trump’s preferences for lower tax rates and bigger tariffs could spur higher inflation along with economic growth. But traders are still confident the Federal Reserve will cut its main interest rate again at its next meeting in two weeks. They’re betting on a nearly three-in-four chance of that, according to data from CME Group. Lower rates can give the economy more juice, but they can also give inflation more fuel. The key report this week that could guide the Fed’s next move will arrive on Friday. It’s the monthly jobs report , which will show how many workers U.S. employers hired and fired during November. It could be difficult to parse given how much storms and strikes distorted figures in October. Based on trading in the options market, Friday’s jobs report appears to be the biggest potential market mover until the Fed announces its next decision on interest rates Dec. 18, according to strategists at Barclays Capital. In financial markets abroad, the value of South Korea’s currency fell 1.1% against the U.S. dollar following a frenetic night where President Yoon Suk Yeol declared martial law and then later said he’d lift it after lawmakers voted to reject military rule. Stocks of Korean companies that trade in the United States also fell, including a 1.6% drop for SK Telecom. Japan’s Nikkei 225 jumped 1.9% to help lead global markets. Some analysts think Japanese stocks could end up benefiting from Trump’s threats to raise tariffs , including for goods coming from China . Trade relations between the U.S. and China took another step backward after China said it is banning exports to the U.S. of gallium, germanium, antimony and other key high-tech materials with potential military applications. The counterpunch came swiftly after the U.S. Commerce Department expanded the list of Chinese technology companies subject to export controls to include many that make equipment used to make computer chips, chipmaking tools and software. The 140 companies newly included in the so-called “entity list” are nearly all based in China. In China, stock indexes rose 1% in Hong Kong and 0.4% in Shanghai amid unconfirmed reports that Chinese leaders would meet next week to discuss planning for the coming year. Investors are hoping it may bring fresh stimulus to help spur growth in the world’s second-largest economy. In France, the CAC 40 rose 0.3% amid continued worries about politics in Paris , where the government is battling over the budget. AP Business Writers Yuri Kageyama and Matt Ott contributed.Fire at Main Street hotel forces evacuations
Players Era Festival organizers betting big NIL is future of college tourneysSAO PAULO (AP) — Brazil's former President Jair Bolsonaro has been a target for investigations since his early days in office, and the swarm of cases since his failed reelection bid in 2022 has left him in ever-deeper legal jeopardy. Read this article for free: Already have an account? To continue reading, please subscribe: * SAO PAULO (AP) — Brazil's former President Jair Bolsonaro has been a target for investigations since his early days in office, and the swarm of cases since his failed reelection bid in 2022 has left him in ever-deeper legal jeopardy. Read unlimited articles for free today: Already have an account? SAO PAULO (AP) — Brazil’s former President Jair Bolsonaro has been a target for investigations since his early days in office, and the swarm of cases since his failed reelection bid in 2022 has left him in ever-deeper legal jeopardy. In the latest indictment Thursday, he was accused of attempting a coup to keep himself in the presidency. In another case, the electoral court ruled the far-right leader ineligible to run for office until 2030. There are dozens of other probes that could produce criminal charges at low-level courts, where he could appeal any eventual conviction. But the country’s Supreme Court will have the final say regarding more than five in-depth investigations, including into the alleged coup attempt, which could land the former president behind bars or under house arrest. Bolsonaro has denied wrongdoing in all of the cases, and his allies have alleged they are political persecution, while recognizing the severity of the legal risks on multiple fronts. Here’s a look at the biggest threats and where they stand: Coup Attempt Federal police on Thursday indicted Bolsonaro and 36 others for allegedly attempting a coup to keep him in office after his defeat in the 2022 elections. The indictment is sealed, but among other things authorities had been investigating whether he incited the Jan. 8, 2022 riot in which his followers ransacked the Supreme Court and presidential palace in the capital of Brasilia. STATUS: Police sent their findings to Brazil’s Supreme Court, which must decide whether to refer them to Prosecutor-General Paulo Gonet. He will either formally charge Bolsonaro and put him on trial, or toss the investigation. Electoral Misdeeds Brazil’s highest electoral court in June ruled that Bolsonaro used government communication channels in a meeting with diplomats to promote his reelection bid and sow distrust about the vote. The case focused on a meeting the prior year, during which Bolsonaro used government staffers, the state television channel and the presidential palace in Brasilia to tell foreign ambassadors that the country’s electronic voting system was rigged. The ruling rendered him ineligible for office until 2030, although he has insisted that he will run in the 2026 race. The court also found that Bolsonaro abused his power during Brazil’s Independence Day festivities, a month before the election. The ruling didn’t add years to Bolsonaro’s ineligibility, but made any appeal less likely to succeed. A third case is also pending at the court. STATUS: Bolsonaro’s appeal of the initial ruling was denied. Vaccination Fraud Bolsonaro has been indicted for directing an official to tamper with a public health database to make it appear as though he and his 12-year-old daughter had received the COVID-19 vaccine in order to bypass U.S. entry requirements. During the pandemic, he railed against the vaccine, characterized the choice to receive a shot as a matter of personal freedom and has repeatedly said he never did so. The Federal Police accused Bolsonaro of criminal association and inserting false data into public records, which carry maximum penalties of 4 and 12 years in prison, respectively. It was his first indictment since leaving office. STATUS: Brazil’s Supreme Court sent the indictment to the prosecutor-general, who is weighing whether to use it to press charges. Local media reported that he was seeking to consult American authorities about whether Bolsonaro used the forged document to enter the country, and that having done so could result in U.S. legal action. Saudi Jewels Federal Police have probed whether Bolsonaro directed officials to smuggle luxury jewelry worth millions into Brazil from Saudi Arabia and Bahrain, then acted to prevent them from being incorporated into the presidential collection and instead retain ownership for himself. Investigators summoned Bolsonaro for questioning in April and August of 2023. He has returned the jewelry in question. STATUS: The Federal Police indicted Bolsonaro for money laundering and criminal association, according to a source with knowledge of the accusations. A second source confirmed the indictment, although not for which specific crimes. Both spoke on condition of anonymity because they weren’t authorized to speak publicly. Pandemic Sabotage Brazil’s Federal Police is investigating Bolsonaro for inciting crimes against public health during the COVID-19 pandemic, which include encouraging people not to wear masks and causing alarm about non-existent danger of vaccines accelerating development of AIDS. A Senate inquiry commission also spent months investigating his pandemic-era actions and decisions, and recommended nine criminal charges. Brazil’s former prosecutor-general Augusto Aras, widely seen as a Bolsonaro ally, decided not to file any charges based on the lawmakers’ findings. They have urged his Aras’ successor to reopen the case. STATUS: The investigation is ongoing. Fake News, Digital Militia Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. Brazil’s Supreme Court in 2020 ordered an investigation into a network allegedly spreading defamatory fake news and threats against Supreme Court justices. The probe has yielded the imprisonment of lawmakers from the former president’s circle and raids of his supporters’ homes. In 2021, Bolsonaro was included as a target. As an offshoot of that probe, the Federal Police is also investigating whether a group operating inside Bolsonaro’s presidential palace produced social media content aimed at undermining the rule of law. The group, allegedly comprised of aides and Bolsonaro’s politician son, has been widely referred to as a digital militia and “the hate cabinet.” STATUS: Both investigations are ongoing. ___ Biller reported from Rio de Janeiro Advertisement AdvertisementNone
No Tua, no problem. The Miami Dolphins beat the Cleveland Browns 20-3 to stay alive – albeit slightly – in the 2024 playoff race despite franchise quarterback Tua Tagovailoa being held out with a hip injury. Backup Tyler Huntley had his best game of the season in Tagovailoa’s absence, completing roughly 85% percent of his passes for 225 yards and a touchdown. He also added 53 yards on the ground and touchdown. Huntley’s performance, however, was somewhat dwarfed by that of defense that limited the Browns offense to zero fourth-down conversions and less than 50% conversions on third downs. The defense came up big on a number of occasions, forcing a field goal in the red zone in the second quarter and also putting together a goal-line stand early in the fourth. They also forced two turnovers: an interception courtesy of inside linebacker Tyrel Dodson and a D’Shawn Hand-recovered fumble following edge rusher Emmanuel Ogbah’s sack. One week after the Dolphins eclipsed the 100-yard rushing mark for the first time in roughly a month, the run game regressed to its previous against the Browns. Miami only mustered 74 yards on the ground on 27 attempts. Tailback De’Von Achane was held to 25 yards on 10 carries. After a much-maligned performance against the San Francisco 49ers, Tyreek Hill led his fellow receivers in all categories, snagging nine balls for 105 yards. Neither the Dolphins nor the Browns moved the ball much in the first half. Miami struck first, knocking in a field goal on its second drive of the day. Cleveland would subsequently respond with a field goal of their own. The next six drives? Punt. Punt. Punt. Interception. Punt. Downs. Something, however, changed right before halftime. With 40 seconds left, Huntley led the offense deep into Cleveland territory which allowed Jason Sanders to kick the Dolphins into 6-3 lead at the half. After the Dolphins defense forced a three-and-out at the start of the third quarter, Huntley would complete four of his passes for 46 yards before scrambling for the game’s only touchdown at that point. The next seven drives? Punt. Punt. Fumble. Downs. Downs. Punt. Punt. Punt. Downs. With their last turnover on downs, the Dolphins got the ball on the Cleveland 21-yard line. Four plays later, Huntley found Jonnu Smith for a 7-yard touchdown that tied Keith Jackson and Anthony Fasano for most tight end scores in franchise history. ©2024 Miami Herald. Visit at miamiherald.com . Distributed by Tribune Content Agency, LLC.MORGANTOWN, W.Va. (AP) — Oklahoma co-defensive coordinator Zac Alley is being reunited with Rich Rodriguez at West Virginia. Rodriguez, who was hired for his second stint as West Virginia’s coach on Dec. 12, announced Sunday that he hired the 31-year-old Alley as defensive coordinator and linebackers coach. “Zac is one of the top young defensive coordinators in the country and has proven his ability to lead and be an innovator at different stops during his career,” Rodriguez said in a statement. “I have worked with him several seasons, and he constantly impresses me with his ability to blend schemes with his personnel and develop winning results.” Under Rodriguez, Alley spent the 2022 and 2023 seasons as defensive coordinator and linebackers coach at Jacksonville State. Alley was the youngest defensive coordinator in the Bowl Subdivision at Louisiana-Monroe in 2021 when Rodriguez was the Warhawks’ offensive coordinator. In Alley’s lone season at Oklahoma, the Sooners ranked fifth in the Southeastern Conference in total defense, allowing 318 yards per game. “I have tremendous respect for Coach Rod, as I’ve seen how he develops players and builds a program,” Alley said. “I look forward to working with the players and doing my part to help WVU be one of the top teams in the Big 12 Conference and the nation.” Alley worked under Oklahoma coach Brent Venables as a graduate assistant at Clemson from 2015 to 2018 when Venables was defensive coordinator and linebackers coach there. ___ 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 Read more NCAA football coverage at thestar.comAndy Murray and Novak Djokovic’s magnificent seven grand slam finals
NEW YORK: Jack Hughes recorded two goals in a three-point second period for the visiting New Jersey Devils, who never trailed while cruising to a 5-1 rout of the struggling New York Rangers on Monday night. Jesper Bratt scored 87 seconds into the contest and tied a career high with three assists. Dawson Mercer also scored as the Devils took a two-goal lead in the opening 7:10. Dougie Hamilton added a goal and an assist as the Devils scored at least five for the 11th time in their first 28 games. Hughes registered his 22nd career multi-goal game and fourth against the Rangers. Jacob Markstrom made a season-best 38 saves and was aided by a defense that blocked 27 shots as the Devils improved to 12-5-0 in their past 17 games and heard their fans chanting “Let’s Go Devils” constantly in the third despite being the road team. Chris Kreider scored a power-play goal for the Rangers, who lost for the sixth time in seven games. New York goalie Igor Shesterkin allowed five goals on 28 shots and lost his fifth straight start as the Rangers made mistakes in front of him to fall behind early. After Devils defenseman Johnathan Kovacevic broke up a pass between Filip Chytil and Braden Schneider, New Jersey’s Ondrej Palat gained possession near the right corner and spotted Bratt in the neutral zone. Bratt sped through the slot and finished off a two-on-one with Hughes by putting a shot from the right circle under Shesterkin. Following Will Cuylle’s neutral-zone giveaway, the Devils had two shots blocked but the Rangers could not clear. Mercer walked into the middle of the slot and ripped a shot from the top of the right circle past Shesterkin for a 2-0 lead less than eight minutes in. With one second left on a five-on-three power play, Hamilton was alone in the left circle and ripped a shot by Shesterkin’s left arm at 9:04 of the second period. Hughes made it 4-0 by doing a spin move after beating Sam Carrick to a loose puck in front at 12:38 of the middle frame. After Kreider put in a loose puck at 13:29 of the second period on a power player, Hughes made it 5-1 by scoring New Jersey’s second power-play goal. He easily moved into the slot and ripped a shot past Shesterkin from near the left faceoff circle at 18:56 of the second period. — Reuters
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WASHINGTON (AP) — Special counsel Jack Smith moved to abandon two criminal cases against Donald Trump on Monday, acknowledging that Trump’s return to the White House will preclude attempts to federally prosecute him for retaining classified documents or trying to overturn his 2020 election defeat. The decision was inevitable, since longstanding Justice Department policy says sitting presidents cannot face criminal prosecution. Yet it was still a momentous finale to an unprecedented chapter in political and law enforcement history, as federal officials attempted to hold accountable a former president while he was simultaneously running for another term.NEW YORK (AP) — President-elect Donald Trump’s lawyers formally asked a judge Monday to throw out his hush money criminal conviction , arguing that continuing the case would present unconstitutional “disruptions to the institution of the Presidency.“ In a filing made public Tuesday, Trump’s lawyers told Manhattan Judge Juan M. Merchan that anything short of immediate dismissal would undermine the transition of power, as well as the “overwhelming national mandate" granted to Trump by voters last month. They also cited President Joe Biden’s recent pardon of his son, Hunter Biden, who had been convicted of tax and gun charges . People are also reading... “President Biden asserted that his son was ‘selectively, and unfairly, prosecuted,’ and ‘treated differently,’" Trump’s legal team wrote. Manhattan District Attorney Alvin Bragg, they claimed, had engaged in the type of political theater "that President Biden condemned.” Prosecutors will have until Dec. 9 to respond. They have said they will fight any efforts to dismiss the case but have indicated a willingness to delay the sentencing until after Trump’s second term ends in 2029. In their filing Monday, Trump's attorneys dismissed the idea of holding off sentencing until Trump is out of office as a “ridiculous suggestion.” Following Trump’s election victory last month, Merchan halted proceedings and indefinitely postponed his sentencing, previously scheduled for late November, to allow the defense and prosecution to weigh in on the future of the case. He also delayed a decision on Trump’s prior bid to dismiss the case on immunity grounds. Trump has been fighting for months to reverse his conviction on 34 counts of falsifying business records to conceal a $130,000 payment to porn actor Stormy Daniels to suppress her claim that they had sex a decade earlier. He says they did not and denies any wrongdoing. The defense filing was signed by Trump lawyers Todd Blanche and Emil Bove, who represented Trump during the trial and have since been selected by the president-elect to fill senior roles at the Justice Department. Taking a swipe at Bragg and New York City, as Trump often did throughout the trial, the filing argues that dismissal would also benefit the public by giving him and “the numerous prosecutors assigned to this case a renewed opportunity to put an end to deteriorating conditions in the City and to protect its residents from violent crime.” Clearing Trump, the lawyers added, would also allow him to “to devote all of his energy to protecting the Nation.” Merchan hasn’t yet set a timetable for a decision. He could decide to uphold the verdict and proceed to sentencing, delay the case until Trump leaves office, wait until a federal appeals court rules on Trump’s parallel effort to get the case moved out of state court or choose some other option. An outright dismissal of the New York case would further lift a legal cloud that at one point carried the prospect of derailing Trump’s political future. Last week, special counsel Jack Smith told courts that he was withdrawing both federal cases against Trump — one charging him with hoarding classified documents at his Florida estate, the other with scheming to overturn the 2020 presidential election he lost — citing longstanding Justice Department policy that shields a president from indictment while in office. The hush money case was the only one of Trump’s four criminal indictments to go to trial, resulting in a historic verdict that made him the first former president to be convicted of a crime. Prosecutors had cast the payout as part of a Trump-driven effort to keep voters from hearing salacious stories about him. Trump’s then-lawyer Michael Cohen paid Daniels. Trump later reimbursed him, and Trump’s company logged the reimbursements as legal expenses — concealing what they really were, prosecutors alleged. Trump has said the payments to Cohen were properly categorized as legal expenses for legal work. A month after the verdict, the Supreme Court ruled that ex-presidents can’t be prosecuted for official acts — things they did in the course of running the country — and that prosecutors can’t cite those actions to bolster a case centered on purely personal, unofficial conduct. Trump’s lawyers cited the ruling to argue that the hush money jury got some improper evidence, such as Trump’s presidential financial disclosure form, testimony from some White House aides and social media posts made during his first term. Prosecutors disagreed and said the evidence in question was only “a sliver” of their case. If the verdict stands and the case proceeds to sentencing, Trump’s punishments would range from a fine to probation to up to four years in prison — but it’s unlikely he’d spend any time behind bars for a first-time conviction involving charges in the lowest tier of felonies. Because it is a state case, Trump would not be able to pardon himself once he returns to office. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. Be the first to know Get local news delivered to your inbox!
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Michael Owen in savage putdown of Erik ten Hag after watching just 10 minutes of Ruben Amorim as Man Utd... - The Sun
Gaza: Israeli PM, Netanyahu did worse than Hitler – Fani-KayodeSouth Carolina State wins 72-62 over IU Indianapolis