labet88 download NEW YORK (AP) — U.S. stocks are rising toward 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 0.5% and was on track to top its all-time high set a couple weeks ago. The Dow Jones Industrial Average added 81 points, or 0.2%, to its own record set the day before, while the Nasdaq composite was 0.5% higher, with less than an hour remaining in trading. Stock markets abroad were down, but mostly only modestly, after President-elect Trump said he plans to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office. Stock indexes were down 0.1% in Shanghai and nearly flat in Hong Kong, while Canada's main index edged down by just 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. 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. General Motors sank 8.2%, 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 3.9%. 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 to the job market . While lower interest rates can boost the overall economy and prices for investments, 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. Unlike tariffs in Trump's first term, his proposal from Monday night would affect products across the board. Trump’s tariff talk came almost immediately after U.S. stocks rose Monday amid excitement about his pick for Treasury secretary, Scott Bessent. The hope was the hedge-fund manager could steer Trump away from policies that balloon the U.S. government deficit, which is how much more it spends than it takes in through taxes and other revenue. The talk about tariffs overshadowed another set of mixed 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 instituted by the Fed to get inflation under control. Kohl’s tumbled 17.6% 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 4.7% 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%. 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. J.M. Smucker jumped 5.4% for one of the biggest gains in the S&P 500 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 2.8% for Amazon and 2% for Microsoft were the two strongest forces lifting the S&P 500. In the bond market, Treasury yields rose 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 climbed to 4.30% 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 $91,600, 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. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. Get the latest local business news delivered FREE to your inbox weekly.Percentages: FG .441, FT .667. 3-Point Goals: 8-25, .320 (McCottry 2-2, Davis 2-11, Thompson 1-1, Butler 1-2, Doby 1-3, Jervier 1-3, I.Ross 0-1, Marius 0-2). Team Rebounds: 0. Team Turnovers: None. Blocked Shots: 4 (McCottry 2, Butler, Consorte). Turnovers: 7 (Butler 2, McCottry 2, Consorte, Doby, Marius). Steals: 7 (McCottry 3, Doby 2, Butler, Marius). Technical Fouls: None. Percentages: FG .500, FT .615. 3-Point Goals: 13-33, .394 (Henderson 5-8, Skobalj 3-6, Jackson 2-7, Pickett 2-7, Ciani 1-1, Freeman 0-4). Team Rebounds: 3. Team Turnovers: None. Blocked Shots: 5 (Ciani 2, Henderson, Jackson, Skobalj). Turnovers: 10 (Henderson 3, Jackson 2, Pickett 2, Freeman, Jeffries, Kancleris). Steals: 4 (Pickett 2, Jeffries, Kancleris). Technical Fouls: None. .

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New Board eager to build on the momentum of this year's Pride festivities (Nelson)Nvidia reported Q3 revenue of $35.1 billion, up 94% from last year with data center sales reaching $30.8 billion. Fellow tech firms showed mixed results, with Snowflake growing 29% to $900 million in revenue, while artificial intelligence (AI) startup BEN recorded $50,000 in its first significant quarterly sales amid mounting losses. Nvidia’s Results Hit $35.1B on AI Surge Nvidia reported third-quarter revenue of $35.1 billion , up 94 % from a year ago and 17% from the previous quarter, as AI computing drives unprecedented chip demand. The Santa Clara, California, semiconductor maker’s data center segment reached $30.8 billion in revenue, up 112% from last year and 17% from the previous quarter. This division now represents 88% of total revenue. “The age of AI is in full steam, propelling a global shift to Nvidia computing,” CEO Jensen Huang said in the earnings release . “Demand for Hopper and anticipation for Blackwell — in full production — are incredible.” Net income increased 109% to $19.3 billion, with earnings per share of $0.78, up 111% year over year. The company forecast fourth-quarter revenue of $37.5 billion, plus or minus 2%. Gaming revenue grew 15% year over year to $3.3 billion, and automotive revenue reached $449 million, up 72% from last year. The results cement Nvidia’s dominance in AI computing hardware as companies expand their AI infrastructure globally. Snowflake Grows as Cloud Adoption Expands Snowflake , which markets itself as “the AI Data Cloud company,” reported third-quarter product revenue of $900.3 million, up 29% from a year earlier, while forecasting slower growth ahead . “Our obsessive drive to produce product cohesion and ease of use has built Snowflake into the easiest and most cost-effective enterprise data platform,” CEO Sridhar Ramaswamy said in a news release . The company’s remaining performance obligations, representing contracted future revenue, grew 55% to $5.7 billion. Snowflake expanded its base of large customers, now serving 542 organizations with trailing 12-month product revenue exceeding $1 million, up 25% year over year. Snowflake raised $2.27 billion in September through convertible notes offerings due 2027 and 2029. Looking ahead, the company expects fourth-quarter product revenue between $906 million and $911 million, indicating year-over-year growth of approximately 23%. The company posted a net loss of $327.9 million for the quarter , compared with $214.7 million a year earlier. BEN Reports Mixed Results Brand Engagement Network , an AI solutions provider, reported its first significant quarterly revenue of $50,000 while recording wider losses as it expands its healthcare AI partnerships. “We made significant progress in delivering secure, scalable AI solutions and advancing our mission to transform industries with intelligent technology,” said CEO Paul Chang in a news release . The Wyoming company struck deals to deploy its AI assistants with KangarooHealth for remote patient monitoring and IntelliTek for healthcare operations. These partnerships aim to use BEN’s conversational AI technology to enhance patient engagement and chronic care management across multiple regions. However, operating losses widened to $5.82 million from $2.58 million a year earlier, reflecting heavy investment in AI development and expansion. The company secured a $50 million equity purchase agreement with Yorkville Advisors to fund growth and plans to acquire German tech firm Cataneo for $19.5 million by year end. The company’s aggressive push into healthcare AI marks its strategy to commercialize its conversational AI technology in high-value sectors despite cash reserves dropping to $72,878 from $1.69 million at the start of the year.Winnebago Industries: Despite A Bumpy Rise, This RV Play Makes SenseExperts see temple-mosque disputes ahead of 2027 UP polls as effort to polarise voters