
NEW YORK (AP) â U.S. stocks rose to records Tuesday after Donald Trumpâs 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. People are also reading... 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 Canadaâs 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 Trumpâs 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. âManyâ officials at the Fedâs 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. Theyâll 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. Kohlâs tumbled 17% after its results for the latest quarter fell short of analystsâ 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 analystsâ expectations. Dickâs 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 analystsâ expectations for the latest quarter. CEO Mark Smucker credited strength for its Uncrustables, Meow Mix, CafeĚ 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 Trumpâs pick for Treasury secretary. The yield on the 10-year Treasury inched up to 4.29% from 4.28% late Monday, but itâs 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. Itâs since dipped back toward $91,000, according to CoinDesk. Itâs a sharp turnaround from the bonanza that initially took over the crypto market following Trumpâs 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 âretailâ 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. The business news you need Get the latest local business news delivered FREE to your inbox weekly.
ArdentComm founder and CEO pushes ethical AI in PRKhanchit Khirisutchalual 2024 has been a great year for some transaction and payment processing stocks such as Paypal ( PYPL ) which has outpaced the S&P 500 YTD. Others have been laggards but a few show promise to me. One stock Analystâs Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.Asana (NYSE:ASAN) Stock Price Expected to Rise, Oppenheimer Analyst Says
Welling scores 21 as Utah Valley takes down West Georgia 77-74Kate Beckinsale puts on a very leggy display in white fur coat as she poses for snaps with her beloved pink-dyed cat By BETHAN EDWARDS FOR MAILONLINE Published: 19:26 GMT, 8 December 2024 | Updated: 19:26 GMT, 8 December 2024 e-mail View comments Kate Beckinsale put on a very leggy display in a white fur coat as she posed with her cat and dog for Instagram photos on Sunday. The actress, 51, looked sensational as she relaxed on her sofa wearing the extravagant coat while her dyed pink cat lay between her legs. Kate showed off her impressive flexibility as she kicked her leg into the air and flashed her gorgeous smile. Styling her long blonde tresses in a neat ponytail, the star wore several diamond necklaces and rings for the photo shoot. Kate added a chunky black pair of sunglasses and wore a towering pair of platform silver metallic heels. Kate Beckinsale put on a very leggy display in a white fur coat as she poses with her cat and dog for Instagram photos on Sunday The actress, 51, looked sensational as she relaxed on her sofa wearing the extravagant coat while her dyed pink cat lay between her legs Kate enlisted her beloved cat and dog once again for another social media photo shoot earlier this year but the feline wasn't having it for long. The actress looked sensational in an all-black two piece as she displayed her flat tummy and toned legs during a Mexican retreat. After taking a few photos, Willow growled in discontent and fled the scene. Kate captioned the post: 'Problem child.' In a video shared in her post, Kate warned the cat when it growled at her: 'Don't be a d**k!' But in another photo, Kate revealed that the shoot had not ended well because she sustained an injury. The actress showed her million followers a piece of her bloodied skin that had seemingly been clawed at by the cat. The Underworld star was then asked in the comments section of her post why Willow had attacked her. The fan asked: 'Why Willow attacked you?' (sic) Kate showed off her impressive flexibility as she kicked her leg into the air and flashed her gorgeous smile Styling her long blonde tresses in a neat ponytail, the star wore several diamond necklaces and rings for the photo shoot Kate added a chunky black pair of sunglasses and wore a towering pair of platform silver metallic heels Earlier this year, Kate tried to pose for pictures with her cat and dog but the feline had other ideas She replied: 'hates myf', revealing a supposed rivalry between her Persian and her Pomeranian. Last year, Kate got a touching tattoo tribute of her beloved cat Clive following his passing. Kate showed off the incredible fine line artwork by LA-based tattooist, Dr Woo. Clive's adorable face could be seen on her forearm, surrounded by an intricate star design. Alongside the photos, Kate wrote: 'This has really helped. Thank you so much, @_dr_woo_' Kate Beckinsale Share or comment on this article: Kate Beckinsale puts on a very leggy display in white fur coat as she poses for snaps with her beloved pink-dyed cat e-mail Add comment
BUENOS AIRES (AP) â Thiago Messi, the eldest son of the Argentina star, has made his debut in the âNewellâs Cupâ tournament in the countryside city of Rosario. The 12-year-old Messi played with the No. 10 jersey of an Inter Miami youth team, which lost 1-0 on Monday to host Newellâs Old Boys in the traditional under-13 competition. The team also played Tuesday. Lionel Messi took his first steps as a footballer in the Argentinian club in Rosario, 300 kilometers (186 miles) northwest of capital Buenos Aires. Thiagoâs mother, Antonela Roccuzzo, and several members of his family, including grandparents Jorge Messi and Celia Cuccittini, were in the stands to watch him play. Lionel Messi did not attend. Thiago, who was substituted in the second half, played with his friend BenjamiĚn SuaĚrez, son of Uruguayan striker Luis SuaĚrez, Messiâs teammate and close friend at Barcelona and now at Inter Miami. Messi and SuaĚrez are in Rosario after Inter Miamiâs early elimination in the MLS playoffs. On Sunday, they watched a friendly game of Inter Miamiâs U13 team against UnioĚn at the same sports complex. The youth tournament in Argentina brings together eight teams from North and South America. ___ AP soccer:Analysts Claim That Ethereum's (ETH) and Dogecoin's (DOGE) Declines Are Just Temporary â New Token Yields Over 440% ROIs
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Unpacking IT challengesTAMPA, Fla. â Baker Mayfield rubbed both arms with his hands as the story was being related, the one where his timely donation turned around the fortunes of a high school football team that lacked the necessary equipment to start the season. Itâs the nearly made-for-Hollywood script of how Space Coast High in Cocoa went from 1-8 a year ago to 10-3 and the first state championship in program history. âIâve got chills thinking about it,â Mayfield said. Jake Owens had been Space Coastâs head coach from 2012-17 but stepped away for a few years, moving to Kentucky and starting a young family. He returned to his old job to find the program in disrepair. âObviously, the program was struggling,â Owens said. âI think in those six years theyâd only won, like, four games. When I walked in, a struggling program like that, nothing was really being done behind the scenes as far as equipment and stuff goes. It was a lot of older equipment.â Stephanie Starkey, whose son, Jacob, plays linebacker and long snapper for the Vipers, graduated from the University of Oklahoma and had followed Mayfield closely. She knew about the Baker and Emily Mayfield Foundation, and reached out to the couple for help. The Mayfields responded by donating $17,900 for equipment, including 70 Riddell SpeedFlex helmets that retail for nearly $500 each, along with shoulder pads. âThere was kind of narrative that we were not going to have a season,â Owens said. âThatâs not the case. We were going to play no matter what. But it was in bad shape, and thatâs obviously expensive. When the program ended last year, there were only 40-something kids. They didnât have a need for a lot of equipment. âWhen I took over in February, there was a huge influx. We had over 70 kids come out. Not only did we have older equipment, but we also didnât have enough. We were going to make sure we had it one way or another, but itâs expensive and funds are hard to come by in high school.â The team was among the youngest Owens had ever coached. His quarterback was a freshman. Four of the five offensive linemen were sophomores, along with the top receiver. Building a culture of winning is usually the most difficult task for any head coach. But Owens said the players were galvanized by the fact that an NFL quarterback had invested so generously in their future. âWe were just floored,â Owens said. âItâs been an incredibly humbling experience to have someone like Baker to reach out and say, âHey, what do you need to get this done?â I donât think they know how much of an impact theyâve made. âWe knew we had a talented team. We knew if we did things the right way and we built the right culture, Iâd won there before. I have an incredible coaching staff. They knew what it takes to win. Itâs one of those incredible things that came together like a perfect storm, and Baker and Emily are a big part of that because it took so much stress out of that situation so the focus could be on football.â There is some irony that it was Mayfield who rescued the Vipers. Owens is an unabashed Cincinnati Bengals fan and rooted against Mayfield when he played for the Cleveland Browns. In fact, Owens is a Bengals season ticket holder who still hosts a podcast dedicated to talking about the team. âI will tell you that I have never rooted for another team or another player outside of Cincinnati,â Owens said. âThat changed after this year. Iâve become a huge Baker Mayfield fan. He changes peopleâs lives. âAt the end of the day, winning is very important at every level. What Baker has done more than anything is shown our players what it means to pass it along. To pay it forward. Thatâs going to impact our players. When they get that opportunity, they will remember that. What theyâve shown our boys is youâre never too big to help out.â Mayfieldâs play on the field was inspiring as well. Starkey held a few watch parties for Bucs games on Sundays. The Mayfieldsâ gift ignited a Space Coast team that went 7-3 in the regular season, then advanced past Tradition Prep and Umatilla in the playoffs. âSnake Pitâ signs, referencing the teamâs home field, started popping up on lawns and in store windows all over town. Last weekend, the Vipers defeated Bell, 21-14, at home to claim the Sunshine State Athletic Association Atlantic 1A championship. The team that didnât have enough equipment is now being sized for championship rings. âI tell them all the time, donât forget about the journey it took to get here, and Baker and Emily will always be part of that journey,â Owens said. Standing inside One Buc Place during his weekly news conference Thursday, Mayfield could not stop smiling while thinking about another football team he already had helped win a championship this season. âItâs just a cool story,â he said. âI have an unbelievable platform to be able to give back, and obviously they were in the predicament of probably not having a season. Not just for the varsity. The JV, they didnât have enough equipment. So, just being able to give back and then seeing that turn around. âAll we did was get some helmets. They did the rest. They turned it around, they believed in it, and thatâs what football is all about. Itâs teaching life lessons, how to handle adversity, how to deal with it and push forward. Congrats to them. Itâs pretty special.â Š2024 Tampa Bay Times. Visit tampabay.com . Distributed by Tribune Content Agency, LLC.
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The Herzfeld Caribbean Basin Fund, Inc. Announces Retirement of Thomas J. Herzfeld from the Board of Directors and Named Chairman Emeritus; Names Cecilia Gondor Chairperson; Brigitta Herzfeld Named to the BoardMisr Real Estate Asset Management partners with Belmazad for digital auctions
TORONTO, Nov. 26, 2024 (GLOBE NEWSWIRE) -- TerrAscend Corp. ("TerrAscendâ or the "Companyâ) (TSX: TSND, OTCQX: TSNDF), a leading North American cannabis company, today announced the appointment of Lynn Gefen as Chief People Officer in addition to her existing role as Chief Legal Officer and Corporate Secretary, effective November 12, 2024. "Lynn has proven to be an exceptional member of our leadership team since she joined TerrAscend in May of 2022. She has brought not only technical expertise, but a passion for culture. With the natural overlap between People programs and the Legal function, Lynn is uniquely positioned to take on this expanded role,â stated Ziad Ghanem, President and Chief Executive Officer of TerrAscend. "Consolidating these roles aligns with our focus on streamlining our operations and optimizing our resources to drive efficiencies while not sacrificing agility,â continued Mr. Ghanem. "Joining TerrAscend has been an extraordinary opportunity, and I am honored to take on these additional responsibilities,â said Lynn Gefen, Chief People and Legal Officer, and Corporate Secretary. "Our people are critical to executing on our ambitious growth strategy heading into 2025 and I look forward to working cross-functionally to drive these programs with our talented team," continued Ms. Gefen. Prior to her roles at TerrAscend, Ms. Gefen served as Deputy General Counsel, Chief Risk and Compliance Officer, and Assistant Secretary at HomeServe, a publicly traded, independent provider of home repair service solutions. In addition to her roles at HomeServe, Ms. Gefen has worked for Diageo North America, a global leader in beverage alcohol, focusing on regulatory matters, privacy, and compliance, and for Citrix Systems, a multinational cloud computing and virtualization technology company, where she led a team with global responsibility for corporate and compliance matters including securities, commercial transactions, litigation, governance, and employment. Ms. Gefen began her legal career as an associate at Thacher Proffitt & Wood and Holland & Knight. Ms. Gefen received a J.D. from American University and a Bachelor of Arts from the University of Florida. The Toronto Stock Exchange ("TSXâ) has neither approved nor disapproved the contents of this news release. Neither the TSX nor any securities regulator accepts responsibility for the adequacy or accuracy of this release. About TerrAscend TerrAscend is a leading TSX-listed cannabis company with interests across the North American cannabis sector, including vertically integrated operations in Pennsylvania, New Jersey, Maryland, Michigan and California through TerrAscend Growth Corp. and retail operations in Canada through TerrAscend Canada Inc. TerrAscend operates The Apothecarium, Gage and other dispensary retail locations as well as scaled cultivation, processing, and manufacturing facilities in its core markets. TerrAscend's cultivation and manufacturing practices yield consistent, high-quality cannabis, providing industry-leading product selection to both the medical and legal adult-use markets. The Company owns or licenses several synergistic businesses and brands including Gage Cannabis, The Apothecarium, Cookies, Lemonnade, Ilera Healthcare, Kind Tree, Legend, State Flower, Wana, and Valhalla Confections. For more information visit www.terrascend.com . Caution Regarding Cannabis Operations in the United States Investors should note that there are significant legal restrictions and regulations that govern the cannabis industry in the United States. Cannabis remains a Schedule I drug under the US Controlled Substances Act, making it illegal under federal law in the United States to, among other things, cultivate, distribute, or possess cannabis in the United States. Financial transactions involving proceeds generated by, or intended to promote, cannabis-related business activities in the United States may form the basis for prosecution under applicable US federal money laundering legislation. While the approach to enforcement of such laws by the federal government in the United States has trended toward non-enforcement against individuals and businesses that comply with medical or adult-use cannabis programs in states where such programs are legal, strict compliance with state laws with respect to cannabis will neither absolve TerrAscend of liability under U.S. federal law, nor will it provide a defense to any federal proceeding which may be brought against TerrAscend. The enforcement of federal laws in the United States is a significant risk to the business of TerrAscend and any proceedings brought against TerrAscend thereunder may adversely affect TerrAscend's operations and financial performance. Forward Looking Information This news release contains "forward-looking informationâ within the meaning of applicable securities laws. Forward-looking information contained in this press release may be identified by the use of words such as, "mayâ, "wouldâ, "couldâ, "willâ, "likelyâ, "expectâ, "anticipateâ, "believe, "intendâ, "planâ, "forecastâ, "projectâ, "estimateâ, "outlookâ and other similar expressions, and include statements with respect to the Company's expectations regarding streamlining of its operations or execution of its growth plans. Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management in light of management's experience and perception of trends, current conditions and expected developments, as well as other factors relevant in the circumstances, including assumptions in respect of current and future market conditions, the current and future regulatory environment, and the availability of licenses, approvals and permits. Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. Forward-looking information is subject to a variety of risks and uncertainties that could cause actual events or results to differ materially from those projected in the forward-looking information. Such risks and uncertainties include, but are not limited to, current and future market conditions; risks related to federal, state, provincial, territorial, local and foreign government laws, rules and regulations, including federal and state laws in the United States relating to cannabis operations in the United States; and the risk factors set out in the Company's most recently filed MD&A, filed with the Canadian securities regulators and available under the Company's profile on SEDAR+ at www.sedarplus.ca and in the section titled "Risk Factorsâ in the Company's Annual Report for the year ended December 31, 2023 filed with the Securities and Exchange Commission (the "SECâ) on March 14, 2024, as updated by its Quarterly Report on Form 10-Q for the quarter ended September 30, 2024 to be filed with the SEC. The statements in this press release are made as of the date of this release. The Company disclaims any intent or obligation to update any forward-looking information, whether, as a result of new information, future events, or results or otherwise, other than as required by applicable securities laws. CONTACT: For more information regardingTerrAscend: Keith Stauffer Chief Financial Officer [email protected] 717-343-5386
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