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Sowei 2025-01-12
NEW YORK (AP) — U.S. stocks rose to records Tuesday after Donald Trump’s latest talk about tariffs created only some ripples on Wall Street, even if they could roil the global economy were they to take effect. The S&P 500 climbed 0.6% to top the all-time high it set a couple weeks ago. The Dow Jones Industrial Average added 123 points, or 0.3%, to its own record set the day before, while the Nasdaq composite gained 0.6% as Microsoft and Big Tech led the way. Stock markets abroad mostly fell after President-elect Trump said he plans to impose sweeping new tariffs on Mexico, Canada and China once he takes office. But the movements were mostly modest. Stock indexes were down 0.1% in Shanghai and nearly flat in Hong Kong, while Canada’s main index edged down by less than 0.1%. Trump has often praised the use of tariffs , but investors are weighing whether his latest threat will actually become policy or is just an opening point for negotiations. For now, the market seems to be taking it more as the latter. The consequences otherwise for markets and the global economy could be painful. Unless the United States can prepare alternatives for the autos, energy products and other goods that come from Mexico, Canada and China, such tariffs would raise the price of imported items all at once and make households poorer, according to Carl Weinberg and Rubeela Farooqi, economists at High Frequency Economics. They would also hurt profit margins for U.S. companies, while raising the threat of retaliatory tariffs by other countries. And unlike tariffs in Trump’s first term, his latest proposal would affect products across the board. General Motors sank 9%, and Ford Motor fell 2.6% because both import automobiles from Mexico. Constellation Brands, which sells Modelo and other Mexican beer brands in the United States, dropped 3.3%. The value of the Mexican peso fell 1.8% against the U.S. dollar. Beyond the pain such tariffs would cause U.S. households and businesses, they could also push the Federal Reserve to slow or even halt its cuts to interest rates. The Fed had just begun easing its main interest rate from a two-decade high a couple months ago to offer support for the job market . While lower interest rates can boost the economy, they can also offer more fuel for inflation. “Many” officials at the Fed’s last meeting earlier this month said they should lower rates gradually, according to minutes of the meeting released Tuesday afternoon. The talk about tariffs overshadowed another mixed set of profit reports from U.S. retailers that answered few questions about how much more shoppers can keep spending. They’ll need to stay resilient after helping the economy avoid a recession, despite the high interest rates imposed by the Fed to get inflation under control. A report on Tuesday from the Conference Board said confidence among U.S. consumers improved in November, but not by as much as economists expected. Kohl’s tumbled 17% after its results for the latest quarter fell short of analysts’ expectations. CEO Tom Kingsbury said sales remain soft for apparel and footwear. A day earlier, Kingsbury said he plans to step down as CEO in January. Ashley Buchanan, CEO of Michaels and a retail veteran, will replace him. Best Buy fell 4.9% after likewise falling short of analysts’ expectations. Dick’s Sporting Goods topped forecasts for the latest quarter thanks to a strong back-to-school season, but its stock lost an early gain to fall 1.4%. Still, more stocks rose in the S&P 500 than fell. J.M. Smucker had one of the biggest gains and climbed 5.7% after topping analysts’ expectations for the latest quarter. CEO Mark Smucker credited strength for its Uncrustables, Meow Mix, Café Bustelo and Jif brands. Big Tech stocks also helped prop up U.S. indexes. Gains of 3.2% for Amazon and 2.2% for Microsoft were the two strongest forces lifting the S&P 500. All told, the S&P 500 rose 34.26 points to 6,021.63. The Dow gained 123.74 to 44,860.31, and the Nasdaq composite climbed 119.46 to 19,174.30. In the bond market, Treasury yields held relatively steady following their big drop from a day before driven by relief following Trump’s pick for Treasury secretary. The yield on the 10-year Treasury inched up to 4.29% from 4.28% late Monday, but it’s still well below the 4.41% level where it ended last week. In the crypto market, bitcoin continued to pull back after topping $99,000 for the first time late last week. It’s since dipped back toward $91,000, according to CoinDesk. It’s a sharp turnaround from the bonanza that initially took over the crypto market following Trump’s election. That boom had also appeared to have spilled into some corners of the stock market. Strategists at Barclays Capital pointed to stocks of unprofitable companies, along with other areas that can be caught up in bursts of optimism by smaller-pocketed “retail” investors. AP Business Writer Elaine Kurtenbach contributed.HUNTSVILLE, Ala. (AP) — Paul Zilinskas put up 32 points as IU Indianapolis beat Alabama A&M 88-83 on Monday. Zilinskas shot 11 for 20 (5 for 10 from 3-point range) and 5 of 5 from the free-throw line for the Jaguars (3-5). Jarvis Walker scored 13 points while going 3 of 9 from the floor, including 2 for 5 from 3-point range, and 5 for 7 from the line. Timaris Brown and Sean Craight both added 11 points. Darius Ford led the Bulldogs (4-4) in scoring, finishing with 20 points, six rebounds, seven assists and two steals. Anthony Bryant added 17 points for Alabama A&M. Chad Moodie also had 16 points and three blocks. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar . 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Rio Ferdinand makes defiant claim about Bukayo Saka and Arsenal captaincy | Sporting News



A woman became frustrated on a recent flight to Germany when the passenger seated next to her continuously stretched his arm out to take photos near the window. The video has gone viral on TikTok. An airline passenger took to social media sharing a photo of a fellow traveler's jacket that was hung over a seat, sparking a discussion on Reddit. The user wrote, "Nope. I keep waiting for seat D to show up and shut this down." The photo shows a green winter coat draped over the back of the aisle seat with the seat behind it empty. AMERICAN AIRLINES PASSENGER WHO HELPED RESTRAIN UNRULY TRAVELER SAYS SITUATION WAS 'FIGHT OR FLIGHT' On the sub-Reddit forum titled "r/delta," users debated the passenger's manners, after he or she left the jacket hanging over the seat. A flight passenger took to Reddit to share a photo of a passenger who had their jacket draped over their seat infringing on the row behind them. (iStock) "I don’t understand the lack of awareness," commented a user. Another said, "It's not awareness that's lacking, it's caring," adding, "They are simply banking on nobody saying anything." "I hate it SO MUCH. There is literally space in the open overhead bins," added another. TAKE THE TURKEY, LEAVE THE GRAVY: THANKSGIVING FOOD THAT TSA MIGHT CONFISCATE AT AIRPORT SECURITY One addressed the situation saying, "I would politely tell them to move it." Fox News Digital reached out to the Reddit poster for comment. One user commented about the air passenger's complaint on Reddit, "Not everything has to be a big deal." (iStock) "Not everything has to be a big deal lol," replied another. On Redditor said, "They can’t even take off with the coat up there like that." Some users made jokes about what the Reddit user should do to the jacket. CLICK HERE TO SIGN UP FOR OUR LIFESTYLE NEWSLETTER "Oops, my coke spilled," said one. Another added, "Oh nice, a bag to throw up in." Some Reddit users joked about damaging the jacket, with one saying, "Aw man...I spilled my coffee." (iStock) "Aw man...I spilled my coffee," said one comment. Another said, "They are getting that jacket back...after I have gone through the pockets and dipped a sleeve in my wine." The flight passenger who sparked the Reddit chain updated followers on the situation once the person sitting in the empty seat behind the jacket arrived. For more Lifestyle articles, visit foxnews.com/lifestyle "He did just ask the FA [flight attendant] to ask the person to move the coat so he handled that well," read the update. The Reddit user said the passenger (both not pictured) eventually asked the flight attendant (not pictured) to ask the person to move their jacket. (iStock) On Delta's website, the airline lists guidelines for passengers' personal items. "These items are free to carry on your flight , in addition to your usual carry-on items. Flight attendants can assist you with larger items, like strollers," says the site. CLICK HERE TO GET THE FOX NEWS APP "A jacket and/or umbrella" is listed under the items a flight crew can assist with. Fox News Digital reached out to Delta for comment.None

Hail Flutie: BC celebrates 40th anniversary of Miracle in MiamiMichigan aims to cap lost season by beating Ohio State

The results alone were impressive. Stratford’s Lauren Manders was the fastest Canadian woman and 10th fastest woman overall in the 25-29 age group at the recent World Triathlon Championships in Torremolinos, Spain. But there was more to her story. Two days before she was set to fly overseas, Manders was hit by a car while on her bike on a highway outside of Stratford. The driver, who was later charged, accelerated out of a stop sign and smashed into the back end of Manders’ ride. “I’m lucky to be alive,” she said. “It could have been a lot worse. It went through my mind that two years of training were out the window.” Battered and bruised, doctors cleared Manders to compete, though her bike needed emergency repairs to replace both tires and other parts before it accompanied her to Europe. “It goes to show you can do everything right and something always happens,” she said. The crash nearly derailed Manders’ progress after competing in her first triathlon in 2017. She finished 35th among women in her age group that year, a feat that was surpassed in 2023 when she placed 17th in Germany. Manders’ expectations were even higher this time. Regimented workouts with Luke Veens from the Stratford Performance Academy over the past 24 months left her feeling physically and mentally strong leading up to the 2024 event. “It’s always nice going into a race feeling like you couldn’t do anything more to prepare yourself,” she said. “I’ve done races in the past where you’re not prepared and you can feel that mentally. With this race . . . I knew I was looking really good for worlds this year.” Manders completed the one-kilometre swim before jumping on her rebuilt bike for 20 kilometres. She navigated mental roadblocks and multiple crashes on the technical course before finishing the race with a five-kilometre run in less than 20 minutes, which was another goal. “That was not a fun race. It was very painful,” she said. “It wasn’t the bike that won me the race, it was the run. I was working really hard this summer on getting my run faster, and that’s what came through on race day.” The 29-year-old qualified for next year’s triathlon worlds in Australia but is instead going to focus on training for a Half Ironman in 2025, an event that includes two kilometres of swimming, 90 kilometres on the bike and a 21-kilometre run. After what she’s overcome, don’t bet against Manders’ resilience. “I didn’t let myself process the car accident until after the race,” she said. “What was more satisfying was all my hard work coming together on the day. “Everything was worth it. I’ve never dug so deep in a race before, and that was worth it to me.”None

Zilinskas scores 32 as IU Indianapolis downs Alabama A&M 88-83INDIANAPOLIS (AP) — The Indianapolis Colts defense started this season struggling. It couldn't stop the run, couldn't keep teams out of the end zone, couldn't get off the field. Now the script has flipped. Defensive coordinator Gus Bradley's group is playing stouter, holding teams — even the high-scoring Detroit Lions — largely in check long enough to give Indy a chance to win, and it's the Colts offense that has struggled. “They are playing their tails off. You don’t want them on the field a bunch and as an offense you want to be able to play complementary football,” running back Jonathan Taylor said after Sunday's 24-6 loss. “I would say specifically on offense, it sucks when you can’t help your defense out when they are fighting their tails off all game.” Indy's defense held up its end of the bargain by limiting the Lions (10-1) to 14 first-half points and allowing just 24, matching Detroit's lowest output since Week 3. The problem: Even when the Colts (5-7) did get Detroit off the field, they couldn't sustain drives or score touchdowns. Again. Anthony Richardson provided the bulk of the ground game by rushing 10 times for 61 yards, mostly early. Taylor managed just 35 yards on 11 carries and a season-high 10 penalties constantly forced the Colts to dig out from deep deficits. Part of that was by design. “We knew Jonathan Taylor was going to be the guy we needed to shut down,” Lions coach Dan Campbell said. “We did that. The quarterback runs. It got us on a couple but overall, we did what we needed to do, and we kept them out of that game." Part of it could be because of an injury-battered offensive line that has started three rookies each of the past two weeks and finished the previous game with the same three rookies. Whatever the fix, Indy needs a good solution. There is good news for Indy is that its schedule now gets substantially more manageable. After losing four of five, all to teams in playoff position and three to division leaders, Indy faces only one team with a winning record in its final five games. The most recent time the Colts played a team with a losing mark, Richardson rallied them past the New York Jets 28-27. But Colts coach Shane Steichen knows that's not the answer. The Colts must get this offense righted now. “We’ve got to get that figured out. We’ve got to get him going on the ground,” Steichen said when asked about Taylor, who has 92 yards on his past 35 carries. “We’ll look at the offensive line. We’ll look at everything." What’s working Pass rush. Pro Bowl DT DeForest Buckner's presence certainly has been felt since he returned from a sprained ankle Oct. 27. In those past five games, the Colts have had 14 sacks, including three of Jared Goff on Sunday. What needs work Penalties. The Colts have had one of the cleanest operations in the league most of this season. Sunday was an anomaly, but one that can't merely be written off. Stock up WR Michael Pittman Jr. The five-year veteran is one of the league's toughest guys, but playing through a back injury appeared to take its toll on Pittman's productivity. Since sitting out in Week 10, Pittman has 11 receptions for 142 yards including six for 96 yards, his second-highest total of the season, Sunday. Stock down Tight ends. Each week the Colts want their tight ends to make an impact. And each week, they seem to fail. It happened again Sunday when Drew Ogletree dropped a TD pass that would have given Indy a 10-7 lead. Instead, Indy settled for a field goal and a 7-6 deficit. Through 12 games, Indy's tight ends have a total of 26 catches, 299 yards and two TDs. That's just not good enough in a league where versatile, productive tight ends increasingly signal success. Injuries Pittman and WR Josh Downs both returned to the game after leaving briefly with shoulder injuries. WR Ashton Dulin did not return after hurting his foot in the second half. But the bigger questions come on the offensive line. LT Bernhard Raimann (knee) was inactive Sunday, and rookie center Tanor Bortolini entered the concussion protocol Monday. Bortolini was one of three rookie starters the past two weeks, replacing Pro Bowler Ryan Kelly who is on injured reserve. Key number 55.88 — Indy has scored touchdowns on 55.88% of its red zone trips this season. While it puts it near the middle of the NFL, it's cost the Colts multiple wins. Next steps Richardson needs to rebound from this latest 11 of 28 performance and show he can lead the Colts to victories week after week. He'll get plenty of chances over the season's final month, starting with next week's game at the New England Patriots. ___ AP NFL: https://apnews.com/hub/nfl Michael Marot, The Associated Press

SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Autodesk Inc. (ADSK) on Tuesday reported fiscal third-quarter profit of $275 million. The San Francisco-based company said it had net income of $1.27 per share. Earnings, adjusted for stock option expense and amortization costs, were $2.17 per share. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.

The Wolverines started the season ranked No. 9 in the AP Top 25, making them the third college football team since 1991 to be ranked worse than seventh in the preseason poll after winning a national title. Michigan (6-5, 4-4 Big Ten) failed to meet those modest expectations, barely becoming eligible to play in a bowl and putting the program in danger of losing six or seven games for the first time since the Brady Hoke era ended a decade ago. The Wolverines potentially can ease some of the pain with a win against rival and second-ranked Ohio State (10-1, 7-1, No. 2 CFP) on Saturday in the Horseshoe, but that would be a stunning upset. Ohio State is a 21 1/2-point favorite, according to the BetMGM Sportsbook, and that marks just the third time this century that there has been a spread of at least 20 1/2 points in what is known as "The Game." Michigan coach Sherrone Moore doesn't sound like someone who is motivating players with an underdog mentality. "I don't think none of that matters in this game," Moore said Monday. "It doesn't matter the records. It doesn't matter anything. The spread, that doesn't matter." How did Michigan end up with a relative mess of a season on the field, coming off its first national title since 1997? Winning it all with a coach and star player contemplating being in the NFL for the 2024 season seemed to have unintended consequences for the current squad. The Wolverines closed the College Football Playoff with a win over Washington on Jan. 8; several days later quarterback J.J. McCarthy announced he was skipping his senior season; and it took more than another week for Jim Harbaugh to bolt to coach the Los Angeles Chargers. In the meantime, most quality quarterbacks wanting to transfer had already enrolled at other schools and Moore was left with lackluster options. Davis Warren beat out Alex Orji to be the team's quarterback for the opener and later lost the job to Orji only to get it back again. No matter who was under center, however, would've likely struggled this year behind an offensive line that sent six players to the NFL. The Wolverines lost one of their top players on defense, safety Rod Moore, to a season-ending injury last spring and another one, preseason All-America cornerback Will Johnson, hasn't played in more than a month because of an injury. The Buckeyes are not planning to show any mercy after losing three straight in the series. "We're going to attack them," Ohio State defensive end Jack Sawyer said. "We know they're going to come in here swinging, too, and they've still got a good team even though the record doesn't indicate it. This game, it never matters what the records are." While a win would not suddenly make the Wolverines' season a success, it could help Moore build some momentum a week after top-rated freshman quarterback Bryce Underwood flipped his commitment from LSU to Michigan. "You come to Michigan to beat Ohio," said defensive back Quinten Johnson, intentionally leaving the word State out when referring to the rival. "That's one of the pillars of the Michigan football program. "It doesn't necessarily change the fact of where we are in the season, but it definitely is one of the defining moments of your career here at Michigan." AP Sports Writer Mitch Stacy in Columbus, Ohio, contributed to this report.

Vikings place LB Ivan Pace on injured reserve and sign LB Jamin Davis off Packers practice squad

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