NEW YORK (AP) — U.S. stocks climbed after market superstar Nvidia and another round of companies said they’re making even fatter profits than expected. The S&P 500 pulled 0.5% higher Thursday after flipping between modest gains and losses several times in the morning. The Dow Jones Industrial Average jumped 1.1%, and the Nasdaq composite edged up less than 0.1%. Banks, smaller companies and other areas of the stock market that tend to do best when the economy is strong helped lead the way, while bitcoin briefly broke above $99,000. Crude oil, meanwhile, continued to rise. Treasury yields edged higher in the bond market. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. NEW YORK (AP) — U.S. stocks are climbing Thursday after market superstar Nvidia and another round of companies said they’re making even fatter profits than expected. The S&P 500 was pulling 0.7% higher, as of 2:45 p.m. Eastern time, after flipping between modest gains and losses several times in the morning. Banks, smaller companies and other areas of the stock market that tend do best when the economy is strong helped lead the way, while bitcoin briefly broke above $99,000. Crude oil, meanwhile, continued to rise. The Dow Jones Industrial Average jumped 532 points, or 1.2%, and the Nasdaq composite gained 0.2%. Nvidia's rise of 1.4% was the strongest force pushing the S&P 500 upward after yet again beating analysts’ estimates for profit and revenue. It also gave a forecast for revenue in the current quarter that topped most analysts’ expectations thanks to voracious demand for its chips used in artificial-intelligence technology. Its stock initially sank in afterhours trading Wednesday following the release of the results. Some investors said the market might have been looking for Nvidia's revenue forecast to surpass expectations by even more. But its stock recovered in premarket trading Thursday, and Wedbush analyst Dan Ives said it was another “flawless” profit report provided by Nvidia and CEO Jensen Huang, whom Ives calls “the Godfather of AI.” How Nvidia’s stock performs has tremendous impact because it’s quickly grown into Wall Street’s most valuable company at roughly $3.6 trillion. Its meandering up and down through the day dragged the S&P 500 and other indexes back and forth. The frenzy around AI is sweeping up other stocks, and Snowflake jumped 32.3% after reporting stronger results for the latest quarter than analysts expected. The company, whose platform helps customers get a better view of all their silos of data and use AI, also reported stronger revenue growth than expected. BJ’S Wholesale Club rose 9.1% after likewise delivering a bigger profit than expected. That may help calm worries about how resilient U.S. shoppers can remain, given high prices across the economy and still-high interest rates. A day earlier, Target tumbled after reporting sluggish sales in the latest quarter and giving a dour forecast for the holiday shopping season. It followed Walmart , which gave a much more encouraging outlook. Nearly 90% of the stocks in the S&P 500 were also rising, and the gains were even bigger among smaller companies. The Russell 2000 index of smaller stocks jumped a market-leading 1.9%. Google’s parent company, Alphabet, helped keep indexes in check. It fell 5.5% after U.S. regulators asked a judge to break up the tech giant by forcing it to sell its industry-leading Chrome web browser. In a 23-page document filed late Wednesday, the U.S. Department of Justice called for sweeping punishments that would include restrictions preventing Android from favoring its own search engine. Regulators stopped short of demanding Google sell Android but left the door open to it if the company’s oversight committee continues to see evidence of misconduct. Drops for other Big Tech stocks also weighed on the market, including a 2.4% slide for Amazon. In stock markets abroad, shares of India’s Adani Enterprises plunged 22.6% Thursday after the U.S. charged founder Gautam Adani, 62, in a federal indictment with securities fraud and conspiracy to commit securities and wire fraud. The businessman and one of the world’s richest people is accused of duping investors by concealing that his company’s huge solar energy project on the subcontinent was being facilitated by an alleged bribery scheme. Indexes elsewhere in Asia and Europe were mixed. In the crypto market, bitcoin eclipsed $99,000 for the first time before easing back to roughly $98,250, according to CoinDesk. It’s more than doubled so far this year, and its climb has accelerated since Election Day. President-elect Donald Trump has pledged to make the country “the crypto capital of the planet” and create a “strategic reserve” of bitcoin. Bitcoin also got a boost after Gary Gensler, the chair of the Securities and Exchange Commission who has pushed for more protection for crypto investors, said he would step down in January . Bitcoin and related investments, of course, have a notorious history of big price swings in both directions. MicroStrategy, a company that's been raising cash expressly to buy bitcoin, saw an early gain of 14.6% for its stock on Thursday quickly disappear. It was most recently down 10.7%. In the oil market, a barrel of benchmark U.S. crude rose 2% to bring its gain for the week to 4.8%. Brent crude, the international standard, climbed 1.8%. Oil has been rising amid escalations in the Russia-Ukraine war. In the bond market, Treasury yields edged higher following some mixed reports on the U.S. economy. The yield on the 10-year Treasury rose to 4.43% from 4.41% late Wednesday. One report said fewer U.S. workers applied for unemployment benefits last week in the latest signal that the job market remains solid. Another report, though, said manufacturing in the mid-Atlantic region unexpectedly shrank. Sales of previously occupied homes, meanwhile, strengthened last month by more than expected. ___ AP Business Writers Matt Ott and Yuri Kageyama contributed. Stan Choe, The Associated Press
After Trump's win, Black women are rethinking their role as America's reliable political organizersUAB secures 98-86 win against LouisianaTOWSON 64, MORGAN STATE 60Investors that have a high tolerance for risk might want to consider the ASX shares in this article. That's because they have just been named as buys with major upside potential. Here's what analysts are saying about them: ( ) The first small cap ASX share that is being tipped as a buy is Ai-Media Technologies. It is a technology company that allows many of the world's leading brands to caption their TV broadcasts, live streams, events, virtual meetings and more. It notes that its technology delivers over 7 million minutes of captioning, transcription, and translation for live and recorded media content, online events, and web streams every month. Morgans rates the company as a buy. Last week, its analysts said: Technology led captioning is the bulk of AIM's gross profit today and should exceed 90% within the next 12 months. Management has highlighted it will now aggressively pursue growth, targeting $60m of EBITDA by FY29, with the requirement of upfront investment in sales and product development. We see substantial share price upside if management achieve its target. We estimate that $60m of EBITDA in FY29 is worth $2.91 in FY29 or $1.44 today. This equates to a ~40% IRR, leaving substantial margin for error. The reward is, in our view, well worth the risk. Morgans has an add rating and $1.00 price target on its shares. This suggests that its shares could rise 27% from current levels. ( ) Another small cap ASX share that is highly rated is Paradigm Biopharmaceuticals. It is a biotechnology company focused on repurposing Pentosan Polysulfate Sodium (PPS) for the treatment of Osteoarthritis (OA) in the knee. If approved the drug will have the brand name Zilosul. Bell Potter notes that the "global market for a safe, effective treatment that provides superior patient outcomes compared to the standard of care is a multiple blockbuster." It adds: In the US along the incidence of moderate to severe osteoarthritis is estimated at 30m persons. The pricing of the drug will ultimately be determined by the economic benefit associated with its use as well as the cost of other therapies. The conservative estimate is US$2,500 per year which places the addressable market in the tens of billions of US$. In light of this, the broker is highly encouraged by recent trial data and the prospect of phase 3 studies starting next year. As a result, Bell Potter put a speculative buy rating and 80 cents price target on its shares last week. This implies potential upside of 38% for investors over the next 12 months.
A weekend house fire has left a family displaced and taken the life of a beloved pet. The blaze at 454 Alston Road broke out shortly after 12:30 p.m. on Sunday. When the fire broke out in their kitchen, homeowners Ashley Fenton and Dave Stewart were at the movies. A neighbour spotted the flames and called 911, his next call was to Ashley. “We started getting calls on my watch from my neighbour. And we knew that it was strange for them to call us.” Uncertain of the message, Dave ran out of the theatre and drove home. “I just knew something was up. And when I was coming in, like, driving to the house, I heard the sirens stopping. I was like, that's in my area, that's my house!” Sadly, he was right. He called Ashley. She arrived with a family friend to witness the scene. “There were flames were coming out the back windows from the kitchen.” London fire on scene of house fire on Alston Road in London, Ont. on Nov. 24, 2024. (Source: London Fire Department/X) As crews battled the fire, the couple worried about Ashley’s two children. As it turned out, both had left about an hour before the fire broke out. “The kids had both stopped in while we were at the theatre. Max had had a nap on the couch, I mean, they were out of the house. Thank God.” While firefighters were able to contain most damage to the kitchen area, unfortunately, not all family members were able to escape. “They went in instantly looking for them [the family's two cats] and came out with my Rose, and she was safe. But later they came with Reggie, and he wasn't able to make it,” said Dave through tears. “He just turned three,” added Ashley. “Yeah, he was just a baby, but he was awesome. And we're going to miss him very much.” Reggie, A family pet lost in the fire is seen in this undated photo (Source: Ashley Fenton and Dave Stewart) Material damage is estimated at $200,000. It is devastating news for the family – who had rented the home from a family member. “We didn’t have insurance,” confirmed Dave. As firefighters remind the public about the benefits of carrying insurance in case of loss, friends of the couple have set up an online campaign. A fire damaged kitchen lost in a weekend house fire, November 25, 2024 (Sean Irvine/CTV News London) Still, Dave is reluctant to accept help. “I don't intend to like, ask anyone for anything unless we really need it,” Dave stated. The cause has been deemed electrical. In the wake of the blaze, officials are also reminding the public about the dangers of leaving cooking unattended. London Top Stories 'It’s getting dangerous downtown': Rear entrance of London business sprayed with gunfire 'I just knew something was up': London family recounts rushing to their burning home where pet perished Christmas tax break will be 'challenging' for small businesses, says gift shop owner VIDEO | Three of five former junior hockey players in attendance for court proceedings Londoner whose wallet was stolen from their unlocked car serves as cautionary tale Stabbing and robbery being investigated by London police, 3 suspects wanted Fatal crash reported in Huron County Three people in hospital due to collision CTVNews.ca Top Stories 'It's just not fair': Retirees speak out on being excluded from federal rebate cheques Carol Sheaves of Moncton, N.B., says it's not fair that retirees like her won't get the government's newly proposed rebate cheques. Sheaves was among the seniors who expressed their frustrations to CTVNews.ca about not being eligible for the $250 government benefit. Warren Buffett gives away another US$1.1B, announces plans for distributing $147B fortune after death Investor Warren Buffett renewed his Thanksgiving tradition of giving by announcing plans Monday to hand more than US$1.1 billion of Berkshire Hathaway stock to four of his family's foundations, and he offered new details about who will be handing out the rest of his fortune after his death. Premiers seek 'urgent' meeting with Trudeau before Trump returns to White House Canada's premiers are asking Prime Minister Justin Trudeau to hold an urgent first ministers' meeting ahead of the return to office of president-elect Donald Trump. Deer spotted wearing high-visibility safety jacket in Northern B.C. Andrea Arnold is used to having to slow down to let deer cross the road in her Northern B.C. community. But this weekend she saw something that made her pull over and snap a photo. Canada Post says progress 'limited' at negotiating table as strike continues Canada Post says they have made 'limited progress' with the union at the negotiating table 11 days after the strike began. Los Angeles judge postpones hearing on release of Menendez brothers A Los Angeles County judge on Monday postponed a hearing over the possible release of Lyle and Erik Menendez after 35 years in prison for the shotgun murder of their parents, saying he wanted to hear from a new district attorney due to take office on Dec. 3. Canadian Army corporal fined for stolen valour at Remembrance Day ceremony A corporal in the Canadian Army has been fined $2,000 and given a severe reprimand for wearing service medals he didn't earn during a Remembrance Day ceremony in Alberta two years ago. Justin Trudeau defends spending record on military amid fresh criticism Prime Minister Justin Trudeau is defending his government's record on supporting national defence, following fresh criticism that Canada is failing to live up to its NATO defence-spending commitments. CEOs demand changes to Liberals' military spending plan The federal government risks jeopardizing the economy unless it meets its NATO military alliance spending obligations within the next five years, says the Business Council of Canada. 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 27 Of The Absolute Best Stocking Stuffers For Men 24 Of The Best Host And Hostess Gifts You Can Find Online Right Now 21 Of The Absolute Best Stocking Stuffers For Kids (And They're All From Amazon Canada) Home Our Guide To The Best Stand Mixers In Canada In 2024 (And Where To Get Them) Our Guide To The Best Nespresso Machines in Canada in 2024 (And Where to Get Them) Our Guide to the Best Jewellery Boxes You Can Find Online Right Now Gifts 19 Of The Best Tech Gifts Under $100 17 Gifts Your Husband Actually Wants 23 Gifts, Add-Ons, And Stocking Stuffers For Anyone Who Spends A Lot Of Time In Their Car Beauty 20 Anti-Aging Skincare Products That Reviewers Can’t Stop Talking About 12 Budget-Friendly Makeup Brushes And Tools Worth Adding To Your Kit If You Suffer From Dry Skin, You'll Want To Add At Least One Of These Hydrating Moisturizers To Your Cart Deals From Anthropologie To Adidas: Here Are The Best Early Black Friday Deals On Clothing And Accessories These Apple Products Are Majorly On Sale On Amazon Canada Right Now, So It Might Be Time To Upgrade Your Tech Black Friday Has Begun On Amazon Canada: Here Are The Best Deals Kitchener Waterloo reviews most collision-prone areas to improve safety Driver warned after police receive complaints about car decked out in Christmas lights in Waterloo Kitchener, Ont. doctor officially claims second Guinness World Record Barrie 'James deceived us,' Slain Collingwood, Ont. woman's family speak ahead of husband's sentencing Novice driver charged with speeding 95km/h over limit on Hwy 11 accused of being impaired Freezing rain, snow in the forecast for Muskoka Windsor 'Active investigation' underway in Windsor Memorial put up on Walker Road after fatal crash Alleged impaired mom found asleep at the wheel with two kids in the backseat Northern Ontario Elliot Lake, Ont., woman charged with choking neighbour's dog Winter weather advisory in effect for most of northeastern Ont. 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Toronto Ontario government passes bill to limit bike lanes Toronto mother now facing murder charge in death of four-month old baby 'Embarrassing:' NHL team ditches bus and walks to Scotiabank Arena amid gridlock Montreal Montreal mayor says Friday pro-Palestinian protests were taken over by 'professional vandals' Teen girls engage in more risky behaviour than boys: Quebec study Man in critical condition after basement fire in Montreal's Saint-Michel neighbourhood Atlantic 'It's just not fair': Retirees speak out on being excluded from federal rebate cheques Man charged with unsafe storage of a firearm in Tyson MacDonald homicide: RCMP From cellphones to dentures: Inside Halifax Transit’s lost and found Winnipeg Winnipeg police shoot, kill suspect after officer stabbed in the throat Mounties looking for missing car in connection with suspicious death $4.2M from feds to create Indigenous-led family care centre in Winnipeg Calgary Alberta seeks to 'de-risk' oil, gas pipeline investments in wake of Trump victory $3.69M Calgary mansion with basketball court for sale in Aspen Woods 'We need an industry': Crowsnest Pass residents voting on support for new coal mine Edmonton 24 arsons in south Edmonton under police investigation Death of worker in Edmonton smokehouse leads to 26 charges against food processing company The story of Alberta's rural long COVID program that never was Regina Sask. 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Democrat Bob Casey concedes Pennsylvania Senate race to Dave McCormick, ending recountBy Elizabeth Ayoola, NerdWallet The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. Kids are often pretty good at being consumers. If you’re a parent with a small business, you have the opportunity to show your kids firsthand what it means to be a producer. Small Business Saturday, which takes place on Nov. 30 this year, may be a great time to do just that. Small Business Saturday was established by American Express in 2010 and encourages consumers to patronize their local stores as a way to keep dollars circulating within their community. Here are three reasons you should consider getting your kids involved in Small Business Saturday, according to two mompreneurs. Ronne Brown is the owner of HERLISTIC, a plant-derived beauty and feminine care brand in Washington, D.C. She’s been participating in Small Business Saturday since she established her business in 2020. The entrepreneur gets her kids (ages 24, 18 and 12), plus her bonus daughter, 10, to help out on Small Business Saturday and beyond. Brown’s kids help with customer service, shipping and fulfillment tasks. That could include counting inventory, quality control or packaging boxes. Other times, help looks like Brown’s 12-year-old daughter keeping her up-to-date with TikTok trends and influencers in the beauty field. “I just want them to understand the price and the value of a dollar and what it actually costs to make it,” Brown says. The mompreneur also hopes her kids learn the benefits of commitment and hard work. “What I want to show them is that you have to work hard every day. And there are gonna be moments where you’re gonna be tired, you’re gonna be exhausted, and you’re not gonna want to do things, and you’re going to have to push through,” she says. Hiring your kids to do legitimate work during Small Business Saturday provides a chance for them to learn pillars needed for a strong financial foundation: earning money , saving money and investing. That said, before hiring kids, it’s critical to understand the child labor laws for your state in addition to the IRS’ rules around hiring kids. Brown says she pays all of her children, including her 24-year-old son who is on payroll. Additionally, she teaches them about investing in the stock market. “I want them to understand the importance of making money, but also investing the money that they’re making,” she says. “Because when I pay them, I always ask them, ‘so what are you gonna do to double this money?’” If you hire your minor kids, they could get a headstart on investing by putting some of their income into a custodial Roth IRA , which requires earned income to open. You could also open them a custodial brokerage account. Another perk of your kids earning income by working for you is that they may be exempt from paying federal income taxes if they earn less than the standard deduction . In 2024, that threshold is $14,600. Having your kids add helping hands, whether it be doing administrative tasks or helping customers, can ensure you keep up with a potential increase in sales. A 2024 NerdWallet holiday spending report found that 16% of 2024 holiday shoppers plan to shop on Small Business Saturday this year. Lisset Tresvant, owner of Glow Esthetics Spa in Hollywood, Florida, has been participating in Small Business Saturday since the genesis of her business in 2019. “I do tend to sell more because people are usually more inclined to purchase because of the sales, and it gives them a reason to support us,” she says. To help with the demand, Tresvant’s daughter, 12, and son, 9, fill her skincare products, add labels and help prep items for shipping. Tresvant says she decided to let her kids get involved in her business so they have a better understanding of what she does. Looking beyond Small Business Saturday, hiring your child can also help with succession planning , which is about planning for your departure from your business. Tresvant hopes to pass hers down to her kids one day. “They understand that I’m building this legacy just for not myself, but for them as well,” says Tresvant. More From NerdWallet Elizabeth Ayoola writes for NerdWallet. Email: eayoola@nerdwallet.com. The article 3 Reasons to Involve Your Kids in Small Business Saturday originally appeared on NerdWallet .NEW YORK (AP) — U.S. stocks climbed after market superstar Nvidia and another round of companies said they’re making even fatter profits than expected. The S&P 500 pulled 0.5% higher Thursday after flipping between modest gains and losses several times in the morning. The Dow Jones Industrial Average jumped 1.1%, and the Nasdaq composite edged up less than 0.1%. Banks, smaller companies and other areas of the stock market that tend to do best when the economy is strong helped lead the way, while bitcoin briefly broke above $99,000. Crude oil, meanwhile, continued to rise. Treasury yields edged higher in the bond market. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. NEW YORK (AP) — U.S. stocks are climbing Thursday after market superstar Nvidia and another round of companies said they’re making even fatter profits than expected. The S&P 500 was pulling 0.7% higher, as of 2:45 p.m. Eastern time, after flipping between modest gains and losses several times in the morning. Banks, smaller companies and other areas of the stock market that tend do best when the economy is strong helped lead the way, while bitcoin briefly broke above $99,000. Crude oil, meanwhile, continued to rise. The Dow Jones Industrial Average jumped 532 points, or 1.2%, and the Nasdaq composite gained 0.2%. Nvidia's rise of 1.4% was the strongest force pushing the S&P 500 upward after yet again beating analysts’ estimates for profit and revenue. It also gave a forecast for revenue in the current quarter that topped most analysts’ expectations thanks to voracious demand for its chips used in artificial-intelligence technology. Its stock initially sank in afterhours trading Wednesday following the release of the results. Some investors said the market might have been looking for Nvidia's revenue forecast to surpass expectations by even more. But its stock recovered in premarket trading Thursday, and Wedbush analyst Dan Ives said it was another “flawless” profit report provided by Nvidia and CEO Jensen Huang, whom Ives calls “the Godfather of AI.” How Nvidia’s stock performs has tremendous impact because it’s quickly grown into Wall Street’s most valuable company at roughly $3.6 trillion. Its meandering up and down through the day dragged the S&P 500 and other indexes back and forth. The frenzy around AI is sweeping up other stocks, and Snowflake jumped 32.3% after reporting stronger results for the latest quarter than analysts expected. The company, whose platform helps customers get a better view of all their silos of data and use AI, also reported stronger revenue growth than expected. BJ’S Wholesale Club rose 9.1% after likewise delivering a bigger profit than expected. That may help calm worries about how resilient U.S. shoppers can remain, given high prices across the economy and still-high interest rates. A day earlier, Target tumbled after reporting sluggish sales in the latest quarter and giving a dour forecast for the holiday shopping season. It followed Walmart , which gave a much more encouraging outlook. Nearly 90% of the stocks in the S&P 500 were also rising, and the gains were even bigger among smaller companies. The Russell 2000 index of smaller stocks jumped a market-leading 1.9%. Google’s parent company, Alphabet, helped keep indexes in check. It fell 5.5% after U.S. regulators asked a judge to break up the tech giant by forcing it to sell its industry-leading Chrome web browser. In a 23-page document filed late Wednesday, the U.S. Department of Justice called for sweeping punishments that would include restrictions preventing Android from favoring its own search engine. Regulators stopped short of demanding Google sell Android but left the door open to it if the company’s oversight committee continues to see evidence of misconduct. Drops for other Big Tech stocks also weighed on the market, including a 2.4% slide for Amazon. In stock markets abroad, shares of India’s Adani Enterprises plunged 22.6% Thursday after the U.S. charged founder Gautam Adani, 62, in a federal indictment with securities fraud and conspiracy to commit securities and wire fraud. The businessman and one of the world’s richest people is accused of duping investors by concealing that his company’s huge solar energy project on the subcontinent was being facilitated by an alleged bribery scheme. Indexes elsewhere in Asia and Europe were mixed. In the crypto market, bitcoin eclipsed $99,000 for the first time before easing back to roughly $98,250, according to CoinDesk. It’s more than doubled so far this year, and its climb has accelerated since Election Day. President-elect Donald Trump has pledged to make the country “the crypto capital of the planet” and create a “strategic reserve” of bitcoin. Bitcoin also got a boost after Gary Gensler, the chair of the Securities and Exchange Commission who has pushed for more protection for crypto investors, said he would step down in January . Bitcoin and related investments, of course, have a notorious history of big price swings in both directions. MicroStrategy, a company that's been raising cash expressly to buy bitcoin, saw an early gain of 14.6% for its stock on Thursday quickly disappear. It was most recently down 10.7%. In the oil market, a barrel of benchmark U.S. crude rose 2% to bring its gain for the week to 4.8%. Brent crude, the international standard, climbed 1.8%. Oil has been rising amid escalations in the Russia-Ukraine war. In the bond market, Treasury yields edged higher following some mixed reports on the U.S. economy. The yield on the 10-year Treasury rose to 4.43% from 4.41% late Wednesday. One report said fewer U.S. workers applied for unemployment benefits last week in the latest signal that the job market remains solid. Another report, though, said manufacturing in the mid-Atlantic region unexpectedly shrank. Sales of previously occupied homes, meanwhile, strengthened last month by more than expected. ___ AP Business Writers Matt Ott and Yuri Kageyama contributed. Stan Choe, The Associated Press
With the Department of Government Efficiency ( DOGE ) being announced as a sort-of empowered advisory agency adjunct to the incoming Trump administration, there is debate in India about replicating it. Some of the discussion has been pointed. Much of it has been circular and redundant. It merits deeper thought. ET Year-end Special Reads Corporate Kalesh: Top family disputes of India Inc in 2024 The world of business lost these eminent people in 2024 Fast, faster, fastest: How 2024 put more speed into your shopping Making government more efficient - indeed, making any institution more efficient - is a valid aspiration. Efficiency has many parameters. These include rightsizing - as opposed to merely downsizing - and making government more responsive by use of, for instance, technology. Streamlining government structures and regulations also plays a part. All of this operates under an overarching political philosophy, defined by the government. However, models, templates and ideas from one system cannot easily be transplanted. The Indian state needs efficiency, but does GoI need DOGE? Or, at least, DOGE as interpreted by DOGE's leadership? That is an extremely relevant question. It deserves more than loose thoughts expressed by social media ideologues. DOGE's primary focus is to reduce the size of the federal government by slicing off jobs created by executive order in recent years. The logic is that what was created by executive order can be undone by executive order. Cutting positions that will require Congressional approval can happen later. 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These could include certain types of 'soft diplomacy' positions in the State Department, or in education regulation. Done intelligently, this could be very popular with Republicans, and also melt obvious fat. Done with a sledgehammer, it could end up strengthening career civil servants, and removing a layer of political flexibility and subjectivity. Typically, there will be a bit of both, even if DOGE is ultimately judged a success. The situation in India is dissimilar. In core governance roles, relatively few positions have been created or filled by political discretion. True, there is a panoply of institutions and commissions. But these are often at the periphery of government. Further, an honest assessment of the Union government could well conclude that it requires not fewer employees but more, encompassing both technocrats and generalists. The Indian state needs to recede and give more space to entrepreneurship and civil society. But several ministries, departments and agencies are actually understaffed. These are both true, and mean very different things. Could some of this efficiency be injected by bringing in external talent? Again, it would be prudent not to jump to conclusions. Harmonisation of lateral entrants and career bureaucracy is a challenge in many systems. The selection of lateral entrants, too, is critical. India has a long history of such experiments. Some have worked, others have not. The best case studies involve individuals identified for specific positions and roles due to aptitude, skill set and alignment with chosen policy goals. Take India's semiconductor mission. It has made appreciable progress. But within the global semiconductor community, there is a genuine argument as to whether India can, and needs to, make such massive capital investments. Of course, GoI's policy direction is clear. Presume GoI wants to hire an outside specialist for the semiconductor mission. Should it choose the technically best-qualified candidate, who believes the semiconductor policy is flawed? Or the less but still appropriately qualified one, who believes the government is on the right path in committing resources to building a semiconductor ecosystem? A UPSC selection panel could go by objective criteria and nominate the first candidate. An enlightened political appreciation will pick the second. x selections of the second type are more likely to enhance efficiency than 2x selections of the first type. For that, you need not elaborate job application processes, but clear-headed ministers who know whom they want - and what they want to do. Does rewriting or removing laws and minor regulations - 'process reform', as this is referred to these days - enhance efficiency? The answer is a qualified one. While updating regulations and abolishing anachronistic laws have notable modernisation and aesthetic value, it's worth ascertaining which rules and laws are actual hindrances and which are simply around but are no longer being deployed. Many countries are burdened with obsolete laws and regulations not used in practice, and offer no real-world deadweight loss. Removing them is a good thing. But it does not automatically deliver economic outcomes or systemic efficiency. Activity, as Yes Minister cautioned us, is not always achievement. Finally, there are vestigial organisations. New Delhi is no stranger to agencies, councils and commissions that serve little purpose. Perhaps they answered a felt need at their founding. Perhaps they were sinecures for a political favourite. Either way, they have outlived utility and become self-serving cost centres. The Modi government has done much to dissolve, merge and zip such bodies. Yet, the striving never ends. Post facto clean-up is no substitute for institutionalised, built-in correctives. Rather than a one-time DOGE, a regular and systemic audit of government and quasi-government bodies to measure return on investment is better. Ideally, it should be intrinsic to an organisation's inaugural charter itself. It is not too late to start. Any such rigorous audit should look at not just bodies founded in the distant past but closely at institutions and agencies set up since 2014.ST. THOMAS, Virgin Islands (AP) — Alejandro scored 25 points as UAB beat Louisiana 98-86 on Monday. Vasquez shot 8 for 19 (2 for 9 from 3-point range) and 7 of 7 from the free-throw line for the Blazers (4-4). Yaxel Lendeborg added 20 points while shooting 9 for 12, including 2 for 3 from beyond the arc while he also had six rebounds. Christian Coleman had 16 points and shot 7 of 13 from the field. Mostapha El Moutaouakkil led the way for the Ragin' Cajuns (1-6) with 19 points. Christian Wright added 15 points and six assists for Louisiana. Koron Davis also put up 14 points. Coleman scored 10 points in the first half and UAB went into the break trailing 44-42. Vasquez scored 17 points in the second half. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .Inside the wild YOLO nights at the drug-fuelled bars of the exotic 'new Bali' - where every traveller's worst nightmare is now unfolding as six people die after drinking 'contaminated' alcohol.. and the death toll is expected to soar
Perth's north-east joins rail network after more than a decade of political delaysMercy the only health care organization represented in policy discussion ST. LOUIS , Nov. 25, 2024 /PRNewswire/ -- As a leader in the use of artificial intelligence (AI) to improve experiences for patients and caregivers, Mercy was the only health care organization invited to participate in "CHAI on the Hill," a pivotal event at the U.S. Senate Capitol Visitor Center in Washington, D.C. , focused on ensuring AI in health care prioritizes patient benefit and public trust. "CHAI on the Hill," a gathering of policymakers, industry leaders and subject-matter experts, discussed the uses of AI in health care, as well as the evolving regulatory environment around it. "We're already seeing the tremendous potential AI holds to revolutionize patient care, but it has to be used responsibly, with patients and caregivers at the forefront," said Steve Mackin , Mercy's president and CEO. "At Mercy, we are committed to utilizing AI to enhance care and save caregivers time as well as build trust and confidence in how this technology makes a positive difference in patient care." Mercy is an early member of Coalition for Health AI (CHAI), a diverse group of stakeholders from health care organizations, technology innovators, academia, government and patients. The group was formed to guide the responsible development and adoption of AI in health care. Its mission is to ensure transparent and trustworthy AI use, address public skepticism and safeguard patient care. CHAI includes representatives from more than 1,300 member organizations including nationally renowned hospital systems, tech, education, government agencies and advocacy groups. Participation in this event highlights Mercy's reputation for innovation, such as its work with Microsoft to empower clinicians with generative AI tools, its agreement with Mayo Clinic to analyze de-identified patient data and countless more examples. These projects are designed to improve patient experiences, streamline workflows and create a more proactive approach to medicine. "CHAI on the Hill" underscores the importance of collaboration among multiple stakeholders in shaping AI's future. By participating, Mercy hopes its expertise and experience will ensure AI technologies serve patients' best interests while addressing critical issues like privacy, access and ethical use. Mercy , one of the 20 largest U.S. health systems and named the top large system in the U.S. for excellent patient experience by NRC Health, serves millions annually with nationally recognized care and one of the nation's largest and highest performing Accountable Care Organizations in quality and cost. Mercy is a highly integrated, multi-state health care system including 50 acute care and specialty (heart, children's, orthopedic and rehab) hospitals, convenient and urgent care locations, imaging centers and pharmacies. Mercy has over 1,000 physician practice locations and outpatient facilities, more than 5,000 physicians and advanced practitioners and more than 50,000 co-workers serving patients and families across Arkansas , Kansas , Missouri and Oklahoma. Mercy also has clinics, outpatient services and outreach ministries in Arkansas , Louisiana , Mississippi and Texas. In fiscal year 2023 alone, Mercy provided more than half a billion dollars of free care and other community benefits, including traditional charity care and unreimbursed Medicaid. View original content to download multimedia: https://www.prnewswire.com/news-releases/mercy-drives-conversation-on-ai-use-in-health-care-at-chai-on-the-hill-302315770.html SOURCE MercyArizona State head coach Kenny Dillingham implored the CFP selection committee to learn from last year’s mistakes when seeding the Sun Devils in the College Football Playoff . On Saturday, the Sun Devils defied all odds by defeating Iowa State, 45-19, in the Big 12 Championship Game at AT&T Stadium - just five months after they were ranked last by members of the media in the conference preseason poll. Thanks to the dominant win, Arizona State officially punched its ticket to the CFP - where the team will be seeded, however, remains to be seen. Should Arizona State be awarded one of the top four seeds, Dillingham’s players would have a first-round bye as well as a chance to host their first game on home turf. Yet some have speculated that the Sun Devils will instead be given an automatic qualifier lower down the 12-team bracket - despite their 11-2 record and strong showing against No. 16 seed Iowa State. Timothee Chalamet blows Pat McAfee and ESPN viewers' minds with level of knowledge Deion Sanders tells NFL head coach he needs to draft his sons hours after Shedeur hint Dillingham, for one, believes that Arizona State has done more than enough this season to earn one of the highly-coveted top-four CFP seeds. Moments after Saturday’s contest, he presented his argument for why the Sun Devils shouldn’t succumb to the same fate that Florida State did last season. “There will be a lot of talk about seeding tomorrow on the Selection Show. What is your group deserving of after the body of work you’ve put together?” ESPN’s Katie George asked. “Last year, [the CFP Selection Committee] kept Florida State out because their quarterback didn’t play,” Dillingham replied. “We’re 11-1 with our quarterback. 11-1. And we’re Big 12 champs. I think we should be treated like an 11-1 team.” Follow us on X for the best and latest in sports news Speaking to reporters during the post-game interview, Dillingham reiterated his belief that Arizona State is worthy of a first round bye in the playoffs. “Yeah, I mean, I think judging [off] last year they left the team out because of a quarterback,” he said. “We're 11-1 with our starting quarterback, having beat four ranked teams, having won the Big 12 Championship. So I do think because ... we've made a standard that the quarterback is that valuable, I think there should be a real chance that we get a first round bye, and I definitely think we should host a game.” In the final year of the four-team CFP format, 13-0 Florida State was controversially left out in favor of one-loss Alabama - becoming the first-ever undefeated power conference champion to not be included in the field. The reasoning behind their absence, according to CFP committee chair Boo Corrigan, was due to the loss of star quarterback Jordan Travis, who suffered a gruesome leg injury one month prior. "Florida State is a different team than they were the first 11 weeks," Corrigan said. "If you look at who they are as a team right now, without Jordan Travis, without the offensive dynamic that he brings to it, they are a different team. And the committee voted Alabama four and Florida State five."
Manmohan Singh , the former Indian prime minister who governed the South Asian country for two terms and liberalised its economy in an earlier stint as finance minister, has died, local media reported on Thursday. He was 92, Reuters report. ET Year-end Special Reads Corporate Kalesh: Top family disputes of India Inc in 2024 The world of business lost these eminent people in 2024 Fast, faster, fastest: How 2024 put more speed into your shopping Described as a "reluctant king" in his first stint as prime minister, the quietly spoken Manmohan Singh was arguably one of India's most successful leaders. The first Sikh in office, Singh, 92, was being treated for age-related medical conditions and died after he was brought to hospital after a sudden loss of consciousness on Thursday, Reuters reported. He is credited with steering India to unprecedented economic growth and lifting hundreds of millions out of dire poverty. He went on to serve a rare second term. Singh, an economist-turned-politician who also served as the governor of the central bank, was ailing and admitted to the All India Institute of Medical Sciences in New Delhi, local media reported late on Thursday. He was admitted to the All India Institute of Medical Sciences (AIIMS) here following a deterioration in his health. 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View Program Data Science SQL for Data Science along with Data Analytics and Data Visualization By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) AI and Analytics based Business Strategy By - Tanusree De, Managing Director- Accenture Technology Lead, Trustworthy AI Center of Excellence: ATCI View Program Web Development A Comprehensive ASP.NET Core MVC 6 Project Guide for 2024 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Marketing Digital Marketing Masterclass by Pam Moore By - Pam Moore, Digital Transformation and Social Media Expert View Program Artificial Intelligence(AI) AI-Powered Python Mastery with Tabnine: Boost Your Coding Skills By - Metla Sudha Sekhar, IT Specialist and Developer View Program Office Productivity Mastering Microsoft Office: Word, Excel, PowerPoint, and 365 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Marketing Digital marketing - Wordpress Website Development By - Shraddha Somani, Digital Marketing Trainer, Consultant, Strategiest and Subject Matter expert View Program Office Productivity Mastering Google Sheets: Unleash the Power of Excel and Advance Analysis By - Metla Sudha Sekhar, IT Specialist and Developer View Program Web Development Mastering Full Stack Development: From Frontend to Backend Excellence By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance Financial Literacy i.e Lets Crack the Billionaire Code By - CA Rahul Gupta, CA with 10+ years of experience and Accounting Educator View Program Data Science SQL Server Bootcamp 2024: Transform from Beginner to Pro By - Metla Sudha Sekhar, IT Specialist and Developer View Program The news of Dr. Singh's death has been confirmed by the AIIMS in a statement that read: "With profound grief, we inform the demise of former Prime Minister of India, Dr. Manmohan Singh aged 92. He was being treated for age related medical conditions and had sudden loss of consciousness at home on December 26. Resuscitative measures were started immediately at home. He was brought to the medical emergency at AIIMS. Despite all efforts, he could not be revived and was declared dead at 9.51 p.m (IST)." Singh is survived by his wife, Gursharan Kaur, and their three daughters. Born into a poor family in a part of British-ruled India now in Pakistan, Singh studied by candlelight to win a place at Cambridge University before heading to Oxford, earning a doctorate with a thesis on the role of exports and free trade in India's economy. He became a respected economist, then India's central bank governor and a government advisor but had no apparent plans for a political career when he was suddenly tapped to become finance minister in 1991. During that tenure to 1996, Singh was the architect of reforms that saved India's economy from a severe balance of payments crisis, promoted deregulation and other measures that opened an insular country to the world. Famously quoting Victor Hugo in his maiden budget speech, he said: "No power on earth can stop an idea whose time has come," before adding: "The emergence of India as a major economic power in the world happens to be one such idea." Singh's ascension to prime minister in 2004 was even more unexpected. He was asked to take on the job by Sonia Gandhi, who led the centre-left Congress party to a surprise victory. Italian by birth, she feared her ancestry would be used by Hindu-nationalist opponents to attack the government if she were to lead the country. Riding an unprecedented period of economic growth, Singh's government shared the spoils of the country's new found wealth, introducing welfare schemes such as a jobs programme for the rural poor. In 2008, his government also clinched a landmark deal that permitted peaceful trade in nuclear energy with the United States for the first time in three decades, paving the way for strong relations between New Delhi and Washington. But his efforts to further open up the Indian economy were frequently frustrated by political wrangling within his own party and demands made by coalition partners. FAQs Q1. What was Manmohan Singh's age? A1. Manmohan Singh was 92-year-old. Q2. How many terms Manmohan Singh hold office? A2. Manmohan Singh was two-time Prime Minister of India. (You can now subscribe to our Economic Times WhatsApp channel )US budget airlines are struggling. Will pursuing premium passengers solve their problems? DALLAS (AP) — Delta and United Airlines have become the most profitable U.S. airlines by targeting premium customers while also winning a significant share of budget travelers. That is squeezing smaller low-fare carriers like Spirit Airlines, which filed for bankruptcy protection on Monday. Some travel industry experts think Spirit’s troubles indicate less-wealthy passengers will have fewer choices and higher prices. Other discount airlines are on better financial footing but also are lagging far behind the full-service airlines when it comes to recovering from the COVID-19 pandemic. Most industry experts think Frontier and other so-called ultra-low-cost carriers will fill the vacuum if Spirit shrinks, and that there's still plenty of competition to prevent prices from spiking. Bitcoin ticks closer to $100,000 in extended surge following US elections NEW YORK (AP) — Bitcoin is jumping again, setting another new high above $99,000. The cryptocurrency has been shattering records almost daily since the U.S. presidential election, and has rocketed more than 40% higher in just two weeks. It's now at the doorstep of $100,000. Cryptocurrencies and related investments like crypto exchange-traded funds have rallied because the incoming Trump administration is expected to be more “crypto-friendly.” Still, as with everything in the volatile cryptoverse, the future is hard to predict. And while some are bullish, other experts continue to warn of investment risks. Supreme Court steps into fight over FCC's $8 billion subsidies for internet and phone services WASHINGTON (AP) — The Supreme Court has stepped into a major legal fight over the $8 billion a year the federal government spends to subsidize phone and internet services in schools, libraries and rural areas, in a new test of federal regulatory power. The justices on Friday agreed to review an appellate ruling that struck down as unconstitutional the Universal Service Fund. The Federal Communications Commission collects money from telecommunications providers, who then pass the cost on to their customers. The Biden administration appealed the lower court ruling, but the case probably won’t be argued until late March. At that point, the Trump administration will be in place and it is not clear whether it will take a different view of the issue. Stock market today: Wall Street gains ground as it notches a winning week and another Dow record Stocks closed higher on Wall Street, giving the market its fifth gain in a row and notching another record high for the Dow Jones Industrial Average. The S&P 500 rose 0.3% Friday. The Dow added 1%, and the Nasdaq composite tacked on 0.2%. Retailers had some of the biggest gains. Gap soared after reporting quarterly results that easily beat analysts' estimates. EchoStar fell after DirecTV called off its purchase of that company's Dish Network unit. European markets closed mostly higher and Asian markets ended mixed. Treasury yields held relatively steady in the bond market. Crude oil prices gained ground. Australia rejects Elon Musk's claim that it plans to control access to the internet MELBOURNE, Australia (AP) — An Australian Cabinet minister has rejected X Corp. owner Elon Musk’s allegation that the government intends to control all Australians' access to the internet through legislation that would ban young children from social media. Treasurer Jim Chalmers said on Friday that Musk’s criticism was “unsurprising” after the government introduced legislation to Parliament that would fine platforms including X up to $133 million for allowing children under 16 to hold social media accounts. The spat continues months of open hostility between the Australian government and the tech billionaire over regulators’ efforts to reduce public harm from social media. Parliament could pass the legislation as soon as next week. Oil company Phillips 66 faces federal charges related to alleged Clean Water Act violations LOS ANGELES (AP) — Oil company Phillips 66 has been federally indicted in connection with alleged violations of the Clean Water Act in California. The Texas-based company is accused of discharging hundreds of thousands of gallons of industrial wastewater containing excessive amounts of oil and grease. The U.S. Department of Justice announced the indictment on Thursday. Phillips is charged with two counts of negligently violating the Clean Water Act and four counts of knowingly violating the Clean Water Act. An arraignment date has not been set. A spokesperson for the company said it was cooperating with prosecutors. US regulators seek to break up Google, forcing Chrome sale as part of monopoly punishment U.S. regulators want a federal judge to break up Google to prevent the company from continuing to squash competition through its dominant search engine after a court found it had maintained an abusive monopoly over the past decade. The proposed breakup floated in a 23-page document filed late Wednesday by the U.S. Justice Department calls for Google to sell its industry-leading Chrome web browser and impose restrictions designed to prevent Android from favoring its search engine. Regulators also want to ban Google from forging multibillion-dollar deals to lock in its dominant search engine as the default option on Apple’s iPhone and other devices. New York judge rejects state efforts to shutter bitcoin mine over climate concerns NEW YORK (AP) — A New York judge has rejected an effort by state regulators to shutter a bitcoin mine over concerns about its greenhouse gas emissions. The decision will allow the Greenidge power plant to continue operating in the Finger Lakes region of the state. The state had previously found the gas-powered crypto mine ran afoul of a climate law intended to limit greenhouse gas emissions. But on Thursday, a state Supreme Court judge found Greenidge was entitled to a process to defend its continued operation. Environmental groups have protested the facility, which they allege is pumping emissions into the air while contaminating the nearby Seneca Lake. What you need to know about the proposed measures designed to curb Google's search monopoly U.S. regulators are proposing aggressive measures to restore competition to the online search market after a federal judge ruled that Google maintained an illegal monopoly. The sweeping set of recommendations filed late Wednesday could radically alter Google’s business. Regulators want Google to sell off its industry-leading Chrome web browser. They outlined a range of behavioral measures such as prohibiting Google from using search results to favor its own services such as YouTube, and forcing it to license search index data to its rivals. They're not going as far as to demand Google spin off Android, but are leaving that door open if the remedies don't work. Apple and Google face UK investigation into mobile browser dominance LONDON (AP) — A British watchdog says Apple and Google aren't giving consumers a genuine choice of mobile web browsers. The watchdog's report Friday recommends they face an investigation under new U.K. digital rules taking effect next year. The Competition and Markets Authority took aim at Apple, saying the iPhone maker’s tactics hold back innovation by stopping rivals from giving users new features like faster webpage loading. The CMA’s report also found that Apple and Google manipulate the choices given to mobile phone users to make their own browsers “the clearest or easiest option.” Apple said it disagreed with the findings.
