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Biden's broken promise on pardoning his son Hunter is raising new questions about his legacy WASHINGTON (AP) — President Joe Biden’s decision to go back on his word and pardon his son Hunter wasn't all that surprising to those who are familiar with the president's devotion to his family. But by choosing to put his family first, the 82-year-old president has raised new questions about his legacy. Biden has held himself up as placing his respect for the American judicial system and rule of law over his own personal concerns. It was part of an effort to draw a deliberate contrast with Republican Donald Trump. Now, both his broken promise and his act of clemency are a political lightning rod. Some Democrats are frustrated over Joe Biden reversing course and pardoning his son Hunter ATLANTA (AP) — Already reeling from their November defeat at the polls, Democrats now are grappling with President Joe Biden's pardoning of his son for a federal felony conviction — after the party spent years slamming Donald Trump as a threat to democracy who operates above the law. The White House on Monday struggled to defend the pardon, claiming the prosecution was politically motivated — a page out of Trump's playbook. That explanation did not satisfy some Democrats who are angry that Biden’s reversal could make it harder to take on Trump. Hezbollah fires into Israel-held area after multiple Israeli strikes in Lebanon since truce began JERUSALEM (AP) — Hezbollah fired into a disputed border zone held by Israel after multiple Israeli strikes inside Lebanon since a ceasefire took hold last week. The militant group said the volley, its first during the truce, was a warning shot in response to what it called repeated Israeli violations. Israeli leaders threatened to retaliate, further straining the fragile U.S.- and French-brokered ceasefire. Israeli strikes in recent days, including a string of hits on Monday, have killed at least four people in Lebanon. U.S. officials said the ceasefire was largely holding. Key players in Syria's long-running civil war, reignited by a shock rebel offensive BEIRUT (AP) — Syria’s civil war has exploded back onto the world stage after insurgents poured out of their main bastion in northwestern Syria and seized large parts of nearby Aleppo, Syria’s largest city, and dozens of nearby towns and villages.. The insurgents offensive triggered the heaviest clashes in the country since a March 2020 cease-fire brokered by Turkey and Russia, who back rival sides in the conflict. Five countries have military presence in Syria including the U.S. that has troops deployed in the country’s east, Turkey that controls parts of northern Syria, Israel that has presence in the Golan Heights and Russia and Iran that have been a main backer of Syrian President Bashar Assad. Woman driving drunk who killed bride still in her wedding dress sentenced to 25 years in prison A woman who admitted to drinking and who was driving well over twice the speed limit when she smashed into a golf cart killing a bride who had just got married at a South Carolina beach has been sentenced to 25 years in prison. Jamie Lee Komoroski pleaded guilty Monday to reckless homicide and three felony driving under the influence charges. Police said the 27-year-old drank at several bars on April 28, 2023, and was driving 65 mph on a narrow Folly Beach road when she slammed into a golf cart leaving a wedding. The bride, 34-year-old Samantha Miller, died still wearing her wedding dress. Great Lakes region gets yet more snow after a weekend of snarled Thanksgiving travel Some storm-weary residents of the Great Lakes region saw additional snow and faced the prospect of even more accumulations this week. Lake-effect snow continued to fall on parts of western New York that were already blanketed with a foot or more over the past four days. Lake-effect snow warnings were in effect through Tuesday night in parts of Ohio, New York and Pennsylvania. Snow showers fell in western Michigan overnight, and heavier, persistent snow of up to a foot was expected to follow Monday. Stock market today: Rising tech stocks pull Wall Street to another record NEW YORK (AP) — Technology stocks pulled Wall Street to another record amid mixed trading. The S&P 500 rose 0.2% Monday after closing November at an all-time high. The Dow Jones Industrial Average fell 0.3%, and the Nasdaq composite gained 1%. Super Micro Computer, a stock that’s been on an AI-driven roller coaster, soared after saying an investigation found no evidence of misconduct by its management or the company’s board. Retailers were mixed coming off Black Friday and heading into what’s expected to be the best Cyber Monday on record. Treasury yields held relatively steady in the bond market. Cyber Monday shoppers expected to set a record on the year's biggest day for online shopping Consumers in the U.S. are scouring the internet for online deals as they look to make the most of the post-Thanksgiving shopping marathon on Cyber Monday. The National Retail Federation coined the term for the Monday after Black Friday in 2005. Even though e-commerce is now part and parcel of many people’s regular routine, Cyber Monday continues to be the biggest online shopping day of the year, thanks to steady discounts and a fair amount of hype. Several major retails actually started their Cyber Monday promotions over the weekend. Consumer spending for the online shopping days between Thanksgiving and Cyber Monday provides an indication of how much shoppers are willing to spend for the holidays. Panic among spectators at soccer game kills at least 56 in the West African nation of Guinea CONAKRY, Guinea (AP) — Officials and witnesses say chaos erupted at a soccer game in Guinea after fans protested a referee’s call and thousands of panicked spectators tried to flee the stadium, leaving at least 56 people dead in the West African nation. Local news website Media Guinea reported that security forces used tear gas. A journalist covering the game for a local sports website tells The Associated Press many of the dead were crushed as they tried to escape through the stadium gates. The world’s latest sports crowd disaster unfurled Sunday in the second-largest city in the military-run nation. Information there is sparse and government-controlled at the best of times. It was not immediately clear how much the death toll could grow.
The first games on brought in big audiences for the streamer — and the biggest ever for a streaming NFL matchup. But they came up short of the audience for last year’s Yuletide contests that ran on broadcast networks. The NBA also enjoyed a fruitful Christmas, with its five-game slate growing by a collective 84 percent from a year ago. Netflix’s two games averaged 24.2 million viewers, according to Nielsen fast national ratings (Nielsen is providing U.S. data for the games, as the NFL likes audience measurement to be uniform across all of its media partners). The early afternoon matchup between the Kansas City Chiefs and Pittsburgh Steelers posted 24.1 million viewers, and the Baltimore Ravens’ win over the Houston Texans came in at 24.3 million (both figures include over-the-air broadcasts in the teams’ local markets). The Netflix audience peaked at 27 million viewers during at the Ravens-Texans game. Nielsen and Netflix say 65 million people watched at least a minute of the streamer’s NFL presentation. “Bringing our members this record-breaking day of two NFL games was the best Christmas gift we could have delivered,” said Bela Bajaria, Netflix’s chief content officer. “We’re thankful for our partnership with the NFL, all of our wonderful on-air talent, and let’s please not forget the electrifying Beyoncé and the brilliant Mariah Carey.” Added Hans Schroeder, executive vp media distribution for the NFL, “We’re thrilled with our first Christmas Gameday on Netflix with NFL games being streamed to a global audience.” Netflix says it will release its own worldwide data on the NFL games next week, which could give a more like-to-like comparison to its most recent big sporting event, November’s . The two games on Wednesday brought in about 5 million fewer viewers than did last year’s Christmas afternoon games, which drew 29.48 million and 29.02 million viewers on CBS and Fox. (A primetime game on ABC and ESPN last year delivered 27.61 million viewers.) They are, however, at the higher end of regular-season contests this year, trailing the three Thanksgiving games (which averaged better than 33 million viewers), the season opener on Sept. 5 (29.2 million across all platforms) and several showcase games on CBS and Fox in the late Sunday afternoon window. The previous high for a streaming-exclusive NFL game was for Peacock’s wild card playoff telecast in January. Amazon’s Prime Video is averaging 13.34 million viewers for its Thursday Night Football games this season (up 12 percent from a year ago), and Peacock pulled in 14 million viewers for a game in the opening week of the season. Wednesday’s games were the first in a three-year deal between the NFL and Netflix to stream games on Christmas. In the NBA, the Christmas lineup averaged 5.25 million viewers on ABC and ESPN, a big increase from the all-time low of 2.85 million in 2023. ABC simulcast all five games this year, whereas the broadcaster only carried two a year ago due in part to its obligation. A primetime matchup between the Los Angeles Lakers and Golden State Warriors led the slate with 7.76 million viewers, nearly six times the average for the comparable broadcast window a year ago. Lakers-Warriors was the most-watched NBA regular season game since 2019. The other four games all improved on their year-ago numbers as well, with the Minnesota Timberwolves and Dallas Mavericks drawing the second-largest hoops audience of the day at 5.16 million viewers. The New York Knicks and San Antonio Spurs averaged 4.91 million viewers, followed by the Philadelphia 76ers and Boston Celtics (4.38 million) and Denver Nuggets and Phoenix Suns (3.84 million). The latter was the biggest tune-in ever for the Christmas NBA nightcap. With the big jumps in viewership Wednesday, NBA games on ESPN platforms are now running 4 percent ahead of the same time last season, and the league’s national telecasts are off by just 4 percent year to year after running double digits behind earlier in the season. THR Newsletters Sign up for THR news straight to your inbox every day More from The Hollywood ReporterKULR Technology ( KULR -2.92% ) , a provider of energy storage solutions, saw its stock rally about 1,610% over the past two months. It had been languishing as a penny stock since early 2023, but it abruptly skyrocketed and transformed into a hypergrowth stock after it secured new contracts, regained compliance with the NYSE American's listing standards, and made a big Bitcoin purchase to launch its own Bitcoin treasury. But should you buy, sell, or hold KULR's stock after that breathtaking rally? Let's review its business model, growth rates, valuations, and potential catalysts to decide. What does KULR Technology do? KULR develops energy storage solutions for the aerospace and defense industries. Its integrated products dissipate the heat of lithium-ion batteries with thermal interface materials, lightweight heat exchangers, and other safeguards against runaway heating. Its solutions can be customized across a wide range of power and electronic configurations, which makes them ideal for tiny spaces with size and weight limitations. KULR was founded in 2013, and it initially developed fiber-based thermal management technologies for NASA and other aerospace applications. Those heat-dissipating technologies became the foundation of its current business, and it went public as an over-the-counter (OTC) stock in 2018 before being uplisted to the New York Stock Exchange in 2021. How fast has KULR been growing? KULR's revenue rose 285% to $2.4 million in 2021, 66% to $4 million in 2022, and 146% to $9.8 million in 2023. That expansion was driven by its growing list of partners and customers, which includes SpaceX, Tesla , Meta Platforms , Boeing , and General Motors . Over the past three months, KULR expanded its existing U.S. Army battery contract, signed a new high-temperature battery-testing contract with the U.S. Navy, won a defense contract for a major missile program, and announced a plan to launch its KULR ONE Space (K1S) battery to a satellite via SpaceX's rideshare program in 2026. Analysts expect KULR's revenue to only grow 4% to $10.2 million in 2024, but they expect that figure to grow at a two-year compound annual growth rate (CAGR) of 123% to $50.8 million in 2026 as it recognizes more revenue from its contracts. They also expect it to narrow its net losses and squeeze out a net profit of $2.9 million in 2026. As KULR scales up its business, it plans to spend 90% of its surplus cash on Bitcoin purchases to build up a Bitcoin treasury. It recently made its first purchase of 217.18 Bitcoins for $21 million at an average price of $96,556.53. That strategy seems similar to MicroStrategy 's Bitcoin buying frenzy over the past four years, but MicroStrategy holds a lot more Bitcoin ($11.9 billion) as of Nov. 10 with a much lower average purchase price of $42,692. Can KULR justify its meme stock valuations? The bulls claim that KULR has carved out a defensible niche and can continue to scale up its energy solutions business as it accumulates more Bitcoin. The bears will point out that with an enterprise value of $1.15 billion, KULR is overvalued at 115 times this year's sales and 23 times its projected sales for 2026. They'll also point out KULR has increased its number of shares by 164% over the past five years, yet its insiders sold more than 50% as many shares as they sold over the past 12 months. They also didn't buy a single share over the past three months. So for now, KULR looks more like a meme stock than a sustainable growth stock. It's generating quite a buzz with its thermal technology, expanding customer base, and Bitcoin purchases, but it simply isn't bringing in enough revenue to support its sky-high valuations. Therefore, it's smarter to sell KULR's stock than to buy a new position or hold it in anticipation of bigger gains.Unretired two-time Pro Bowl LB Shaquil Barrett signs to resume career with Tampa Bay Buccaneers
Patrick Reusse: Family time for Blake Cashman means he’s playing and the family’s watching— BIRTH NAME: James Earl Carter, Jr. — BORN: Oct. 1, 1924, at the Wise Clinic in Plains, Georgia, the first U.S. president born in a hospital. He would become the first president to live for an entire century . — EDUCATION: Plains High School, Plains, Georgia, 1939-1941; Georgia Southwestern College, Americus, Georgia, 1941-1942; Georgia Institute of Technology, Atlanta, 1942-1943; U.S. Naval Academy, Annapolis, Maryland, 1943-1946 (class of 1947); Union College, Schenectady, New York, 1952-1953. — PRESIDENCY: Sworn-in as 39th president of the United States at the age of 52 years, 3 months and 20 days on Jan. 20, 1977, after defeating President Gerald R. Ford in the 1976 general election. Left office on Jan. 20, 1981, following 1980 general election loss to Ronald Reagan. — POST-PRESIDENCY: Launched The Carter Center in 1982. Began volunteering at Habitat for Humanity in 1984. Awarded Nobel Peace Prize in 2002. Taught for 37 years at Emory University, where he was granted tenure in 2019, at age 94. — OTHER ELECTED OFFICES: Georgia state senator, 1963-1967; Georgia governor, 1971-1975. — OTHER OCCUPATIONS: Served in U.S. Navy, achieved rank of lieutenant, 1946-53; Farmer, warehouseman, Plains, Georgia, 1953-77. — FAMILY: Wife, Rosalynn Smith Carter , married July 7, 1946 until her death Nov. 19, 2023. They had three sons, John William (Jack), James Earl III (Chip), Donnel Jeffrey (Jeff); a daughter, Amy Lynn; and 11 living grandchildren and 14 great-grandchildren. Source: Jimmy Carter Library & Museum
