Biden will decide on US Steel acquisition after influential panel fails to reach consensus WASHINGTON (AP) — A powerful government panel has failed to reach consensus on the possible national security risks of a nearly $15 billion proposed deal for Nippon Steel of Japan to purchase U.S. Steel. The Committee on Foreign Investment in the United States on Monday sent its long-awaited report to President Joe Biden, a longtime opponent of the deal. Some federal agencies represented on the panel were skeptical that allowing a Japanese company to buy an American-owned steelmaker would create national security risks. That's according to a U.S. official familiar with the matter. Both Biden and President-elect Donald Trump opposed the merger and vowed to block it. Nippon Steel says it is confident the deal will go ahead. Nissan and Honda to attempt a merger that would create the world's No. 3 automaker TOKYO (AP) — Japanese automakers Nissan and Honda have announced plans to work toward a merger that would catapult them to a top position in an industry in the midst of tectonic shifts as it transitions away from its reliance on fossil fuels. The two companies said they signed an agreement on integrating their businesses on Monday. Smaller Nissan alliance member Mitsubishi Motors agreed to join the talks. News of a possible merger surfaced earlier this month. Japanese automakers face a strong challenge from their Chinese rivals and Tesla as they make inroads into markets at home and abroad. What a merger between Nissan and Honda means for the automakers and the industry BANGKOK (AP) — Japanese automakers Honda and Nissan will attempt to merge and create the world’s third-largest automaker by sales as the industry undergoes dramatic changes in its transition away from fossil fuels. The two companies said they had signed a memorandum of understanding on Monday and that smaller Nissan alliance member Mitsubishi Motors also had agreed to join the talks on integrating their businesses. Honda will initially lead the new management, retaining the principles and brands of each company. Following is a quick look at what a combined Honda and Nissan would mean for the companies, and for the auto industry. Survey: Small businesses are feeling more optimistic about the economy after the election A survey shows small business owners are feeling more optimistic about the economy following the election. The National Federation of Independent Businesses’ Small Business Optimism Index rose by eight points in November to 101.7, its highest reading since June 2021. The Uncertainty Index declined 12 points in November to 98, following October’s pre-election record high of 110. NFIB Chief Economist Bill Dunkelberg said small business owners became more certain about future business conditions following the presidential election, breaking a nearly three-year streak of record high uncertainty. The survey also showed that more owners are also hoping 2025 will be a good time to grow. Heavy travel day starts with brief grounding of all American Airlines flights WASHINGTON (AP) — American Airlines briefly grounded flights nationwide due to a technical problem just as the Christmas travel season kicked into overdrive and winter weather threatened more potential problems for those planning to fly or drive. Government regulators cleared American flights to get airborne Tuesday about an hour after the Federal Aviation Administration ordered a national ground stop, which prevented planes from taking off. American said in an email that the problem was caused by vendor technology in its flight operating system. Aviation analytics company Cirium said flights were delayed across American’s major hubs, with only 37% leaving on time. Nineteen flights were cancelled. Nordstrom to be acquired by Nordstrom family and a Mexican retail group in $6.25 billion deal Century-old department store Nordstrom has agreed to be acquired and taken private by Nordstrom family members and a Mexican retail group in a $6.25 billion deal. Nordstrom shareholders will receive $24.25 in cash for each share of Nordstrom common stock, representing a 42% premium on the company’s stock as of March 18. Nordstrom’s board of directors unanimously approved the the proposed transaction, while Erik and Pete Nordstrom — part of the Nordstrom family taking over the company — recused themselves from voting. Following the close of the transaction, the Nordstrom Family will have a majority ownership stake in the company. Stock market today: Wall Street rallies ahead of Christmas Stocks closed higher on Wall Street ahead of the Christmas holiday, led by gains in Big Tech stocks. The S&P 500 added 1.1% Tuesday. Trading closed early ahead of the holiday. Tech companies including Apple, Amazon and chip company Broadcom helped pull the market higher. The Dow Jones Industrial Average rose 0.9%, and the Nasdaq composite climbed 1.3%. American Airlines shook off an early loss and ended mostly higher after the airline briefly grounded flights nationwide due to a technical issue. Treasury yields held steady in the bond market. The yield on the 10-year Treasury was little changed at 4.59% An analyst looks ahead to how the US economy might fare under Trump WASHINGTON (AP) — President-elect Donald Trump won a return to the White House in part by promising big changes in economic policy — more tax cuts, huge tariffs on imports, mass deportations of immigrants working in the United States illegally. In some ways, his victory marked a repudiation of President Joe Biden’s economic stewardship and a protest against inflation. It came despite low unemployment and steady growth under the Biden administration. What lies ahead for the economy under Trump? Paul Ashworth of Capital Economics spoke recently to The Associated Press. The interview has been edited for length and clarity. American consumers feeling less confident in December, Conference Board says American consumers are feeling less confident in December, a business research group says. The Conference Board said Monday that its consumer confidence index fell back in December to 104.7 from 112.8 in November. Consumers had been feeling increasingly confident in recent months. The consumer confidence index measures both Americans’ assessment of current economic conditions and their outlook for the next six months. The measure of Americans’ short-term expectations for income, business and the job market tumbled more than a dozen points to 81.1. The Conference Board says a reading under 80 can signal a potential recession in the near future. Stock market today: Wall Street rises at the start of a holiday-shortened week Stocks closed higher on Wall Street at the start of a holiday-shortened week. The S&P 500 rose 0.7% Monday. Several big technology companies helped support the gains, including chip companies Nvidia and Broadcom. The Dow Jones Industrial Average added 0.2%, and the Nasdaq composite rose 1%. Honda's U.S.-listed shares rose sharply after the company said it was in talks about a combination with Nissan in a deal that could also include Mitsubishi Motors. Eli Lilly rose after announcing that regulators approved Zepbound as the first prescription medicine for adults with sleep apnea. Treasury yields rose in the bond market.
Pak Influencer Mathira Claims Her Alleged Viral S*x Videos Were AI-Generated: 'I'm Bold But I Know My Limits'
Smartphone screens are getting bigger, but their overall size isn’t. In fact, they’re also getting thinner, which presents a bit of an ergonomic problem. It’s harder to reach some parts of the screen with one hand, and phones are now more likely to slip off your hand as well. Most cases can protect phones from accidental falls, but they don’t always prevent it, no matter how rough their texture might be. Phone grips popularized by the likes of PopSocket add something stable to hold, but having that thing semi-permanently stick out of the back of your phone doesn’t do wonders for its appearance. Ring holders later became more fashionable, but they still didn’t allow for flexibility in their position. This concept accessory takes those lessons to heart to provide a secure grip as well as an aesthetic design that you don’t have to commit to forever, thanks to the magic of MagSafe. Designers: Jiwan Yu, HJ Kang Apple’s application of its popular magnetic technology to the realm of wireless charging did more than just revolutionize the way you charge iPhones; it also introduced a new generation of accessories that could easily be removed or added at a moment’s notice. Strong magnets offered a secure connection between the phone’s back and the accessory while still leaving the possibility of removing it and swapping it out for something else. The NanoPop MagSafe concept utilizes this feature to offer a ring grip and stand that is both stylish yet also impermanent. Although you can remove it and position it on the back of a MagSafe-compatible phone as you please, the point of the design is to actually encourage you to keep it on. Thanks to its playful two-tone colors, slim profile, and comfortable silicone material, it becomes a functional decoration you might actually want to show off. That silicone material makes it feel good to touch on the back of your phone, while the metal ring delivers a sturdy and confident grip that also functions as a stand. The ring can be adjusted up to 130 degrees so it can hold up the phone at the most convenient angle for watching. The design is really simple and quite familiar, but the execution is what sets this concept apart. The concept also envisions six color options for the outer silicone ring, while the adjustable metal ring is always black. Best of all, you can choose different colors for different days or moods, presuming you have a few of them available, making it as easy as changing your fashion or accessories. Best of all, this design isn’t really difficult to pull off, given how almost all the pieces are already available today.None
Pittsburgh quarterback Eli Holstein was carted off the field with 5:32 left in the first quarter with an apparent left ankle injury during Saturday's Atlantic Coast Conference game against host Louisville. The freshman was sacked at the Panthers' 49-yard line by Louisville's Ashton Gillotte, who rolled on the quarterback's ankle. Holstein was in a walking boot as he was helped to the cart. Holstein missed last week's game against Clemson after suffering a head injury in the loss to Virginia two weeks ago. Holstein was 3-for-5 passing for 51 yards and an interception before exiting. Nate Yarnell, who threw for 350 yards in the loss to Clemson, replaced Holstein. --Field Level Media
Thomas uses big drives and putts to hold lead in BahamasNEW YORK (AP) — U.S. stock indexes drifted amid mixed trading Monday, ahead of this week’s upcoming meeting by the Federal Reserve that could set Wall Street’s direction into next year. The S&P 500 rose 0.4%, coming off its first losing week in the last four . The Nasdaq composite climbed 1.2% to a record, while the Dow Jones Industrial Average was a laggard and fell 110 points, or 0.3%. Broadcom leaped 11.2% to help lead the S&P 500 for a second straight day after delivering a profit report last week that beat analysts’ expectations. The technology company is riding a wave of enthusiasm about its artificial-intelligence offerings in particular. The market’s main event, though, will arrive on Wednesday when the Federal Reserve will announce its last move on interest rates for the year. The widespread expectation is that it will cut its main rate for a third straight time, as it tries to boost the slowing job market after getting inflation nearly all the way down to its target of 2%. The question is how much more it will cut rates next year, and Fed officials will release projections for where they see the federal funds rate ending 2025, along with other economic indicators, once their meeting concludes. Fed Chair Jerome Powell will also answer questions in a press conference following the meeting. For now, the general expectation among traders is that the Fed may cut a couple more times in 2025, according to data from CME Group. But such expectations have been shrinking following reports suggesting inflation may be tougher to get all the way down to 2% from here. Besides last month’s slight acceleration in inflation, another worry is that President-elect Donald Trump’s preferences for tariffs and other policies could lead to higher inflation down the line. Goldman Sachs economist David Mericle has dropped his earlier forecast of a cut by the Fed in January, for example. Beyond the possibility of tariffs, he said Fed officials may also want to slow their cuts because of uncertainty about exactly how low rates need to go so that they no longer press the brakes on the economy. Expectations for a series of cuts to rates by the Fed have been one of the main reasons the S&P 500 has set an all-time high 57 times so far this year and is heading for one of its best years of the millennium . The economy has held up better than many feared, continuing to grow even after the Fed hiked the federal funds rate to a two-decade high in hopes of grinding down on inflation, which topped 9% two summers ago. On Wall Street, MicroStrategy jumped as much as 7% during the day as it continues to benefit from the surging price for bitcoin , which set another all-time high. But its stock ended the day down by les than 0.1% after bitcoin’s price pulled back below $106,000 after setting a record above $107,700, according to CoinDesk. The software company has been building its hoard of the cryptocurrency, and its stock price has more than sextupled this year. It will also soon join the Nasdaq 100 index. Bitcoin’s price has catapulted from roughly $44,000 at the start of the year, riding a recent wave of enthusiasm that Trump will create a system that’s more favorable to digital currencies . Honeywell rose 3.7% after saying it’s still considering a spin-off or sale of its aerospace business, as part of a review of its overall business. It said it plans to give an update with the release of its fourth-quarter results. They helped offset a drop for Nvidia, whose chips are powering much of the world’s move into AI. Its stock fell 1.7%. Because it’s grown so massive, with a total value topping $3 trillion, it was the single heaviest weight on the S&P 500. All told, the S&P 500 rose 22.99 points to 6,074.08. The Dow Jones Industrial Average fell 110.58 to 43,717.48, and the Nasdaq composite rose 247.17 to 20,173.89. In the bond market, Treasury yields held relatively steady. The yield on the 10-year Treasury edged down to 4.39% from 4.40% late Friday. The two-year yield, which more closely tracks expectations for the Fed, eased to 4.24% from 4.25%. In stock markets abroad, indexes fell modestly across much of Europe and Asia. They sank 0.9% in Hong Kong and 0.2% in Shanghai after China reported lackluster economic indicators for November despite attempts to strengthen the world’s second-largest economy. South Korea’s Kospi fell 0.2% as law enforcement authorities pushed to summon impeached President Yoon Suk Yeol for questioning over his short-lived martial law decree, and the Constitutional Court met to discuss whether to remove him from office or reinstate him. AP Business Writer Elaine Kurtenbach contributed.
Warren Buffett Just Bought More of This Top-Secret Winner That's Up 51% in 2024. Should You Buy Too?
Pakistani social media influencer Mathira found herself at the centre of a controversy after her alleged sex videos were leaked online. The videos showed her in a compromising position. However, soon after the clips went viral, she had issued a clarification saying that they were 'fake'. The social media sensation has now claimed that she has been a victim of cyberbullying. On Saturday (November 23), Mathira shared a video of herself on Instagram and in the caption of her post, she claimed that the leaked videos were AI-generated. Mathira wrote, "Recently, I have been a victim of CyberBulling and AI generated stuff that was not mine... I have been shamed and blamed, named treated like I don’t have a heart for fake news and morphed AI generated videos that were not mine. For proof, I have the forensics report also but can’t post cause Instagram removes legal documents." She further thanked her family and friends for supporting her during the difficult time. "I don’t know what to say but it has hurt me and my loved ones also. I’m bold but I know my limits. I’m sick of being bashed for things that are not mine anyways. Last statement deep fake and AI if it’s misused against someone it can hurt and destroy peoples lives and mental health. I’m very lucky that I have strong back bone my family my friends and work places all support me because they know the truth," she continued. lamming those spreading fake news and videos, Mathira added, "It’s a sick and sad society we live it people don’t check for reality so many people mostly women are spreading this fake stuff .. All I will say I was hurt but my family and people who were close to me also went through this pain. Shame on the people who spread fake stuff and mess someone’s live. Live and let live ... #mathira #mathiraleak #ai #fakenews #stopthisnonsense." Take a look at Mathira's now-viral video here: A post shared by Mathira M (@real_mathira) Earlier reacting to the incident, Mathira had written on X, "People are miss using my name and my photoshoot pictures and adding fake stuff in please have shame! Keep me out of this trashy nonsense (sic)." It is not immediately clear how her alleged private videos were leaked online. Before Mathira, Pakistani TikTokers Imsha Rehmaan and Minahil Malik's alleged private videos were also leaked online. Both the TikTokers deactivated their social media accounts after facing a similar situation. A post shared by Mathira M (@real_mathira)
Article content One of the main hurdles for many customers considering an all-electric vehicle is the total driving range available – or lack thereof – on a fully charged battery. The distance of roughly 450 kilometres seems to be a pretty good baseline these days, at least without installing enormous batteries the size of Vancouver Island (ahem, Chevrolet Silverado EV, ahem). Numerous companies have been working on so-called solid-state batteries, units which do a much better job in the field of energy density than the technology currently available, such as liquid-state lithium-ion batteries. This week, researchers from Honda outlined their desires in this arena, hoping to use solid-state tech to double the range of the automaker’s EVs by the end of this decade. Keiji Otsu, president of Honda R&D, has been bullish on the prospect. “It’s a game-changer of the EV era,” he told Reuters reporters during a tour of the company’s solid-state battery pilot production line late November. The assembly in Tochigi, north of Tokyo, is pencilled to crank out all-solid-state batteries beginning January 2025, following an investment of 43 billion yen (CDN$388 million) , nearly half of which was furnished through subsidies from the Japanese government. Over the next five years, Honda hopes to cut battery sizes in half while chopping at least 25% of the cost from the things. Basic math tells us doubling the energy density of a battery and halving its size means a company could package a much smaller and lighter battery into an EV without sacrificing any range; or, as would likely be preferred in this market, retain the approximate size of today’s cells whilst cranking total driving range to 900 kilometres or more. This would handsomely address concerns about range anxiety, especially if cost and weight are kept under control. Toss in a charging capability that’s at least as good as what is on the market today, and it is likely electric vehicles would become more appealing to a wider variety of shoppers. Of course, EVs aren’t right for everyone, no matter the range or recharge stats — the quicker car companies and governments get that through their heads, the better off we’ll all be. Honda is open to sharing the tech for a price, saying it has “no reason to refuse” the external sale of its solid-state batteries if such a path is mutually beneficial to it and its partners. Sign up for our newsletter Blind-Spot Monitor and follow our social channels on X , Tiktok and LinkedIn to stay up to date on the latest automotive news, reviews, car culture, and vehicle shopping advice.ECU CB Shavon Revel Jr. declares for NFL draft
Aspen Group Reports Positive Cash from Operations Fiscal Year-to-Date