Record-breaking material for film capacitors with 90% efficiency identified
The dollar fell and Bitcoin’s rally stalled as traders viewed Donald Trump’s pick of Scott Bessent for Treasury Secretary as a measured choice, tempering some of the more fevered bets spurred by the president-elect’s victory. The greenback declined against major peers with the Aussie and euro leading gains, while Bitcoin fell below $97,000 before paring losses. Equity futures in Australia and Japan point to early gains Monday after US stocks rose 0.4% on Friday. Contracts in Hong Kong were steady. The early moves indicate elements of the so-called Trump Trade are cooling after the incoming president named Bessent, who runs macro hedge fund Key Square Group, to oversee the US government debt market, tax collection and economic sanctions. While Bessent indicated he’ll back Trump’s tariff and tax cut plans, investors expect he will prioritize economic and market stability over scoring political points. “Following his other nominations, and the drawn-out battle among the contenders for the Treasury job, you could literally hear the sigh of relief from financial markets participants in the US when Bessent was announced,” Erik Nielsen, chief economics advisor at UniCredit Bank GmbH wrote in a note to clients. Bessent’s nomination may ease some concerns over Trump’s impact on other countries’ economies and currencies around the world. The dollar has now climbed for eight straight weeks, the longest advance in more than a year, as traders continued to price Trump’s fiscal policies including sweeping trade tariffs and persistent economic growth. The euro fell to a two-year low and the Swiss franc slid to the weakest against the greenback since July as speculative investors turned the most bullish on the dollar since late June. US stocks rose on Friday, with the S&P 500 gaining 0.4% as beneficiaries of the incoming administration’s looser regulation and business-friendly stance climbed. The Treasury curve flattened, with yields on 2-year notes climbing after strong US business activity data. Benchmark 10-year yields edged lower. Australia’s equivalent fell seven basis points in early Monday trading. The ongoing conflict in Ukraine helped to push West Texas Intermediate crude above $71 a barrel while gold traded at over $2,700 an ounce, and had its best week since March 2023. This week, traders in Asia will be closely monitoring Japan’s inflation data after Bank of Japan Governor Kazuo Ueda last week indicated the December policy meeting is live. The Reserve Bank of New Zealand is expected to cut its key rate on Wednesday. Elsewhere, a swath of inflation and growth readings in Europe are due. The Federal Reserve’s November meeting minutes, consumer confidence and personal consumption expenditure data, the central bank’s preferred gauge of inflation, will be closely parsed to help assess the outlook for rate cuts next year. “Equity bulls will want to see a healthy bounce in the consumer data, married with a below consensus read on PCE inflation,” said Chris Weston, head of research at Pepperstone Group in Melbourne. “With US swaps now implying a 36% chance of a 25 basis point cut from the Fed on 18 Dec, weaker US data would see pricing for a 25 basis point cut rise back above 50%, which should support equity risk and be a headwind for the US dollar.” Some of the main moves in markets: Currencies Cryptocurrencies Bonds Stocks This story was produced with the assistance of Bloomberg Automation. This article was generated from an automated news agency feed without modifications to text.FOXBOROUGH, Mass. (AP) — The New England Patriots are focused on the future following their 25-24 loss to the Indianapolis Colts . The Patriots (3-10) were officially eliminated from playoff contention with the loss Sunday, meaning that this week’s bye in many ways will begin the process of the coaching staff and front office evaluating the roster for 2025. The good news is that this group has shown plenty of grit this season, playing seven games that were decided by one score. The bad news is that the Patriots are just 2-5 in those games. Though New England’s bye comes late in the season, coach Jerod Mayo said the timing is perfect for a team that is feeling the effects of its shortcomings . “A much-needed bye week, not only physically for the players but also mentally, just being able to hit the reset button and come back, put some good games together and continue to build for the future,” Mayo said. “That has to be our goal.” Tight end Austin Hooper said the seed that needs to be planted over the final four games is finding a way to limit the mistakes — namely penalties and trouble finishing drives — that have hampered the offense throughout the season. “We’ve got to execute at a higher level. We can’t beat a team before you stop hurting yourself,” Hooper said. “It’s not for lack of effort, just things that happen out there that get you scars in this league.” This was the most balanced performance by the offense this season, with 222 passing yards and a season-high 200 yards rushing. It shows progress under new coordinator Alex Van Pelt, which is something to build on over the final four games. Red zone efficiency. It continues to be the most glaring deficiency for the Patriots’ offense. They were 2 of 6 on Sunday and rank 30th in the NFL, scoring a touchdown only 44.7% (17 of 38) of the time inside the 20-yard line. TE Hunter Henry. He finished with seven catches for 75 yards, which is his seventh game this season with five or more receptions. He leads the team this season with 58 catches for 610 yards and continues to be a dependable option for quarterback Drake May as he navigates his rookie season. K Joey Slye. He made 3 of his 5 field-goal attempts, including a 54-yarder in the second quarter. Most of the conversation following the game was about his NFL record-long 68-yard attempt that came up short as time expired. But because of the 1-point loss, he was lamenting the 25-yard attempt he missed wide left just before halftime. “I take full responsibility for this,” Slye said. “Every point for this team matters with how we play complementary football with offense, defense and special teams. So, whenever I am out there, I have got to score points.” Henry left the game in the first quarter after a helmet-to-helmet hit. He was able to return in the second quarter and finished the game. 7 — Number of penalties called on the Patriots, costing them 88 yards. Five penalties (four accepted) were called on the offensive line. That included one for holding on Mike Onwenu that nullified a touchdown run by Rhamondre Stevenson in the first quarter and forced New England to settle for a field goal. The Patriots have a bye this week. They visit the Arizona Cardinals on Dec. 15. AP NFL coverage: https://apnews.com/hub/NFL
Hezbollah fires about 250 rockets and other projectiles into Israel in heaviest barrage in weeks BEIRUT (AP) — Hezbollah has fired about 250 rockets and other projectiles into Israel, wounding seven people in one of the militant group’s heaviest barrages in months. Sunday's attacks in northern and central Israel came in response to deadly Israeli strikes in central Beirut on Saturday. Israel struck southern Beirut on Sunday. Meanwhile, negotiators press on with cease-fire efforts to halt the all-out war. And Lebanon's military says an Israeli strike on a Lebanese army center in the southwest killed one soldier and wounded 18 others. Israel's military has expressed regret and said its operations are directed solely against the militants. Israel cracks down on Palestinian citizens who speak out against the war in Gaza UMM AL-FAHM, Israel (AP) — In the year since the war in Gaza broke out, Israel's government has been cracking down on dissent among its Palestinian citizens. Authorities have charged Palestinians with “supporting terrorism” because of posts online or for demonstrating against the war. Activists and rights watchdogs say Palestinians have also lost jobs, been suspended from schools and faced police interrogations. Palestinians make up about 20% of Israel's population. Many feel forced to self-censor out of fear of being jailed and further marginalized in society. Others still find ways to dissent, but carefully. Israel's National Security Ministry counters that, “Freedom of speech is not the freedom to incite.” Somalia says 24 people have died after 2 boats capsized in the Indian Ocean MOGADISHU, Somalia (AP) — Somalia's government says 24 people died after two boats capsized off the Madagascar coast in the Indian Ocean. Somalia’s Foreign Minister Ahmed Moalim Fiqi said 46 people were rescued. Most of the passengers were young Somalis, and their intended destination remains unclear. Many young Somalis embark every year on dangerous journeys in search of better opportunities abroad. A delegation led by the Somali ambassador to Ethiopia is scheduled to travel to Madagascar on Monday to investigate the incident and coordinate efforts to help survivors. Forecasts warn of possible winter storms across US during Thanksgiving week WINDSOR, Calif. (AP) — Forecasters in the U.S. have warned of another round of winter weather that could complicate travel leading up to Thanksgiving. California is bracing for more snow and rain while still grappling with some flooding and small landslides from a previous storm. The National Weather Service has issued a winter storm warning for California's Sierra Nevada through Tuesday, with heavy snow expected at high elevations. Thousands remained without power in the Seattle area on Sunday after a “bomb cyclone” storm system hit the West Coast last week, killing two people. Republicans lash out at Democrats' claims that Trump intelligence pick Gabbard is 'compromised' FORT LAUDERDALE, Fla. (AP) — Republican lawmakers are pushing back against criticism from some Democrats that President-elect Donald Trump’s pick to lead U.S. intelligence services is “compromised” by her comments supportive of Russia and a meeting with an ally of that country. The accusation came from Sen. Tammy Duckworth. The Illinois Democrat says she has concerns about the pro-Russian views expressed by Tulsi Gabbard, who was tapped for the post of director of national intelligence. Duckworth’s comments on Sunday drew immediate backlash from Republicans. The rising price of paying the national debt is a risk for Trump's promises on growth and inflation WASHINGTON (AP) — Donald Trump has big plans for the economy. He also has big debt problem that'll be a hurdle to delivering on those plan. Trump has bold ambitions on tax cuts, tariffs and other programs. But high interest rates and the price of repaying the federal government’s existing debt could limit what he’s able to do. The federal debt stands at roughly $36 trillion, and the spike in inflation after the pandemic has pushed up the government’s borrowing costs such that debt service next year will easily exceed spending on national security. Moscow offers debt forgiveness to new recruits and AP sees wreckage of a new Russian missile KYIV, Ukraine (AP) — Russian President Vladimir Putin has signed a law granting debt forgiveness to new army recruits who enlist to fight in Ukraine. The measure, whose final version appeared on a government website Saturday, underscores Russia’s needs for military personnel in the nearly 3-year-old war, even as it fired last week a new intermediate-range ballistic missile. Russia has ramped up military recruitment by offering increasing financial incentives to those willing to fight in Ukraine. Ukraine’s Security Service on Sunday showed The Associated Press wreckage of the new intermediate-range ballistic missile that struck a factory in the central Ukrainian city of Dnipro on Thursday. After Trump's win, Black women are rethinking their role as America's reliable political organizers ATLANTA (AP) — Donald Trump's victory has dismayed many politically engaged Black women, and they're reassessing their enthusiasm for politics and organizing. Black women often carry much of the work of getting out the vote, and they had vigorously supported the historic candidacy of Kamala Harris. AP VoteCast, a survey of more than 120,000 voters, found that 6 in 10 Black women said the future of democracy was the single most important factor for their vote this year, a higher share than for other demographic groups. But now, some Black women are renewing calls to emphasize rest, focus on mental health and become more selective about what fight they lend their organizing power to. Heavy rains in Bolivia send mud crashing into the capital, leaving 1 missing and destroying homes LA PAZ, Bolivia (AP) — Authorities say that a landslide caused by heavy rains has flooded dozens of homes in La Paz, the capital of Bolivia. It swept away a young girl, spurred evacuations and left parts of the city without electricity. Torrential rain on Saturday caused a river to spill its banks Sunday, dislodging mud from a southwestern La Paz neighborhood where low-slung, shoddily built dwellings dot the hillside. The torrent of debris and soil surged down a narrow ravine early Sunday, wrecking some two dozen homes and flooding another 40. Hours after the rain subsided, rescuers were still searching for the missing 5-year-old girl. Emergency workers saved six residents suffering from hypothermia. 'Wicked' and 'Gladiator' make gravity-defying theater debuts NEW YORK (AP) — “Wicked” and “Gladiator II” have debuted in theaters with a combined $270 million in ticket sales. Their worldwide performance breathed fresh life into global box office results that have struggled lately. Together the films turned the moviegoing weekend into one of the busiest of the year. Jon M. Chu’s lavish big-budget musical “Wicked,” starring Ariana Grande and Cynthia Erivo, debuted with $114 million domestically and $164.2 million globally. Ridley Scott’s “Gladiator II” is a sequel to his 2000 best picture-winning original and launched with $55.5 million in ticket sales. “Moana 2” is being released Wednesday, so it looks like Hollywood might be looking at historic sales over the Thanksgiving holiday.
Kim Kardashian's switch up on son Saint, 8, has unconvinced fans saying the same thingAP News Summary at 5:00 p.m. EST
Dow Jones Futures: Nasdaq Nears 20,000 But Watch Out For This
Nigeria lacks structured documentation of traditional medicine – NNMDABy MICHELLE L. PRICE WEST PALM BEACH, Fla. (AP) — An online spat between factions of Donald Trump’s supporters over immigration and the tech industry has thrown internal divisions in his political movement into public display, previewing the fissures and contradictory views his coalition could bring to the White House. The rift laid bare the tensions between the newest flank of Trump’s movement — wealthy members of the tech world including billionaire Elon Musk and fellow entrepreneur Vivek Ramaswamy and their call for more highly skilled workers in their industry — and people in Trump’s Make America Great Again base who championed his hardline immigration policies. The debate touched off this week when Laura Loomer , a right-wing provocateur with a history of racist and conspiratorial comments, criticized Trump’s selection of Sriram Krishnan as an adviser on artificial intelligence policy in his coming administration. Krishnan favors the ability to bring more skilled immigrants into the U.S. Loomer declared the stance to be “not America First policy” and said the tech executives who have aligned themselves with Trump were doing so to enrich themselves. Much of the debate played out on the social media network X, which Musk owns. Loomer’s comments sparked a back-and-forth with venture capitalist and former PayPal executive David Sacks , whom Trump has tapped to be the “White House A.I. & Crypto Czar.” Musk and Ramaswamy, whom Trump has tasked with finding ways to cut the federal government , weighed in, defending the tech industry’s need to bring in foreign workers. It bloomed into a larger debate with more figures from the hard-right weighing in about the need to hire U.S. workers, whether values in American culture can produce the best engineers, free speech on the internet, the newfound influence tech figures have in Trump’s world and what his political movement stands for. Trump has not yet weighed in on the rift, and his presidential transition team did not respond to a message seeking comment. Musk, the world’s richest man who has grown remarkably close to the president-elect , was a central figure in the debate, not only for his stature in Trump’s movement but his stance on the tech industry’s hiring of foreign workers. Technology companies say H-1B visas for skilled workers, used by software engineers and others in the tech industry, are critical for hard-to-fill positions. But critics have said they undercut U.S. citizens who could take those jobs. Some on the right have called for the program to be eliminated, not expanded. Born in South Africa, Musk was once on an a H-1B visa himself and defended the industry’s need to bring in foreign workers. “There is a permanent shortage of excellent engineering talent,” he said in a post. “It is the fundamental limiting factor in Silicon Valley.” Related Articles National Politics | Should the U.S. increase immigration levels for highly skilled workers? National Politics | Trump threat to immigrant health care tempered by economic hopes National Politics | In states that ban abortion, social safety net programs often fail families National Politics | Court rules Georgia lawmakers can subpoena Fani Willis for information related to her Trump case National Politics | New 2025 laws hit hot topics from AI in movies to rapid-fire guns Trump’s own positions over the years have reflected the divide in his movement. His tough immigration policies, including his pledge for a mass deportation, were central to his winning presidential campaign. He has focused on immigrants who come into the U.S. illegally but he has also sought curbs on legal immigration , including family-based visas. As a presidential candidate in 2016, Trump called the H-1B visa program “very bad” and “unfair” for U.S. workers. After he became president, Trump in 2017 issued a “Buy American and Hire American” executive order , which directed Cabinet members to suggest changes to ensure H-1B visas were awarded to the highest-paid or most-skilled applicants to protect American workers. Trump’s businesses, however, have hired foreign workers, including waiters and cooks at his Mar-a-Lago club , and his social media company behind his Truth Social app has used the the H-1B program for highly skilled workers. During his 2024 campaign for president, as he made immigration his signature issue, Trump said immigrants in the country illegally are “poisoning the blood of our country” and promised to carry out the largest deportation operation in U.S. history. But in a sharp departure from his usual alarmist message around immigration generally, Trump told a podcast this year that he wants to give automatic green cards to foreign students who graduate from U.S. colleges. “I think you should get automatically, as part of your diploma, a green card to be able to stay in this country,” he told the “All-In” podcast with people from the venture capital and technology world. Those comments came on the cusp of Trump’s budding alliance with tech industry figures, but he did not make the idea a regular part of his campaign message or detail any plans to pursue such changes.