While Donald Trump’s return to the presidency may introduce impediments to solving climate change, consumer demand and corporate commitment have made sustainable energy a staple of the American economy. The push for progress transcends any single administration in Washington. Indeed, international pacts such as the Paris Climate Agreement guide action on climate change. Nearly all nations have undertaken a global effort to reduce emissions. Even if one country slows down, others are advancing efforts, creating pressure and opportunities for collaboration. Furthermore, the rapid decrease in the cost of renewable energy, battery storage and electric vehicles makes the transition to a green economy more tangible. These technologies are now competitive with or cheaper than fossil fuels in many regions. California and New York are establishing ambitious targets for reducing emissions. “We cannot accept it’s too hard. We cannot accept it can’t be done,” Patti Poppe, the chief executive of PG&E Corp., said in a speech. “Do you know it took 15 years to permit the Golden Gate Bridge and only five years to build it? It was hard then, too; some guy refused to give up.” California aims to have 3 million electric vehicles on the road by 2030. Today, it has 650,000. Moreover, the state added 9,500 megawatts of clean energy capacity last year and 10,000 megawatts of battery storage to support it. Internationally, developers and power companies added 473,000 megawatts of green energy, cheaper than traditional fossil fuel alternatives. The International Renewable Energy Agency says that to meet international targets, we must triple renewable energy use and reduce carbon dioxide levels by 43% by 2030 and 60% by 2035. The clean energy sector in the United States supports nearly 3.5 million jobs in renewable energy, grid modernization and clean vehicles. According to the World Wildlife Fund, 60% of Fortune 500 companies have set climate targets, including increasing their use of renewable energy. About 13% of those have science-based targets that align with the Paris Agreement’s goals. This corporate commitment proves the vitality of investor activism, consumer demand and regulatory requirements. To be sure, Trump could undercut these trends. He could reverse environmental regulations and withdraw from the Paris Agreement while promoting more fossil fuel development — even though this country is already the world’s biggest oil producer. More conservative courts could also restrict the ability of federal agencies to regulate emissions. However, the public demand for sustainable energy and products is only increasing. Companies that fail to recognize this may lose market share, while politicians who ignore it will lose elections. The International Renewable Energy Agency reports that green energy costs are rapidly falling: 12% for solar photovoltaics, 3% for onshore wind, 7% for offshore wind, 4% for concentrating solar power, and 7% for hydropower. Meanwhile, battery storage project costs have decreased by 89% between 2010 and 2023, making it easier to integrate large amounts of solar and wind capacity by addressing grid infrastructure challenges. The world is witnessing the seriousness of the situation: the California wildfires, the hurricanes in Florida, North Carolina and South Carolina, and the flooding in Milan, Italy. It’s not an abstract concept but one that affects lives and livelihoods right now — the same as health care, groceries and housing costs. Burying our collective heads in the sand is not an option. Getting in the trenches is the only alternative — a mission that the corporate world and concerned citizens must now lead. Ken Silverstein has covered energy and the environment for 25 years. He wrote this for InsideSources.com .
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NonePresident-elect Donald Trump announced Wednesday that he intends to nominate cryptocurrency advocate Paul Atkins to chair the Securities and Exchange Commission. Trump said Atkins, the CEO of Patomak Partners and a former SEC commissioner, was a “proven leader for common sense regulations.” In the years since leaving the SEC, Atkins has made the case against too much market regulation. “He believes in the promise of robust, innovative capital markets that are responsive to the needs of Investors, & that provide capital to make our Economy the best in the World. He also recognizes that digital assets & other innovations are crucial to Making America Greater than Ever Before,” Trump wrote on Truth Social. The commission oversees U.S. securities markets and investments and is currently led by Gary Gensler, who has been leading the U.S. government’s crackdown on the crypto industry. Gensler, who was nominated by President Joe Biden, announced last month that he would be stepping down from his post on the day that Trump is inaugurated — Jan. 20, 2025. Trump, once a crypto skeptic, had pledged to make the U.S. “the crypto capital of the planet” and create a “strategic reserve” of bitcoin. Money has poured into crypto assets since he won. Bitcoin, the largest cryptocurrency, is now above US$95,000. And shares in crypto platform Coinbase have surged more than 70 per cent since the election. Paul Grewal, chief legal officer of Coinbase, congratulated Atkins in a post on X. “We appreciate his commitment to balance in regulating U.S. securities markets and look forward to his fresh leadership at (the SEC),” Grewal wrote. “It’s sorely needed and cannot come a day too soon.” Congressman Brad Sherman, a California Democrat and a senior member of the House Financial Services Committee, said he worries Atkins would not sufficiently regulate cryptocurrencies as SEC chair. “He’d probably take the position that no cryptocurrency is a security, and hence no exchange that deals with crypto is a securities exchange,” Sherman said. “The opportunity to defraud investors would be there in a very significant way.” Atkins began his career as a lawyer and has a long history working in the financial markets sector, both in government and private practice. In the 1990s, he worked on the staffs of two former SEC chairmen, Richard C. Breeden and Arthur Levitt. His work as an SEC commissioner started in 2002, a time when the fallout from corporate scandals at Enron and WorldCom had turned up the heat on Wall Street and its government regulators. Atkins was widely considered the most conservative member of the SEC during his tenure at the agency and known to have a strong free-market bend. As a commissioner, he called for greater transparency in and analysis of the costs and benefits of new SEC rules. He also emphasized investor education and increased enforcement efforts against those who steal from investors over the internet, manipulate markets, engage in Ponzi schemes and other types of fraud. At the same time, Atkins objected to stiff penalties imposed on companies accused of fraudulent conduct, contending that they did not deter crime. He caused a stir in the summer of 2006 when he said the practice of granting stock options to executives before the disclosure of news that was certain to increase the share price did not constitute insider trading. U.S. Rep. Patrick McHenry, a North Carolina Republican and chairman of the House Financial Services Committee, said Atkins has the experience needed to “restore faith in the SEC.” “I’m confident his leadership will lead to clarity for the digital asset ecosystem and ensure U.S. capital markets remain the envy of the world,” McHenry posted on X. Atkins already has some experience working for Trump. During Trump's first term, Atkins was a member of the President’s Strategic and Policy Forum, an advisory group of more than a dozen CEOs and business leaders who offered input on how to create jobs and speed economic growth. In 2017, Atkins joined the Token Alliance, a cryptocurrency advocacy organization. Crypto industry players welcomed Trump’s victory in the hopes that he would push through legislative and regulatory changes that they’ve long lobbied for. Trump himself has launched World Liberty Financial, a new venture with family members to trade cryptocurrencies.
Washington, Dec 1 (PTI) President-elect Donald Trump on Saturday warned BRICS countries against any move to replace the US dollar and has sought a commitment from the nine-member group that includes India, Russia, China, and Brazil. BRICS, formed in 2009, is the only major international group of which the United States is not a part. Its other members are South Africa, Iran, Egypt, Ethiopia, and the United Arab Emirates. Over the past few years a few of its member countries, in particular Russia and China, are seeking an alternative to the US Dollar or create own BRICS currency. India has so far not been part of the move. On Saturday, Trump warned BRICS nations against such a move. “The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER,” the president-elect said in a post on Truth Social, a platform owned by him. “We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs and should expect to say goodbye to selling into the wonderful U.S. Economy,” Trump warned. “They can go find another 'sucker!' There is no chance that the BRICS will replace the US Dollar in International Trade, and any Country that tries should wave goodbye to America,” he said. At the 2023 summit in South Africa, BRICS countries committed to study the feasibility of a new common currency. A proposal in this regard was made by the Brazilian President Luiz Inacio Lula de Silva. India, an important pillar of BRICS, has said it is against de-dollarisation. "...ask you about de-Dollarization as a possibility for the world. At times India has expressed interest in alternative currency. It can serve as a reserve mechanism. I wonder how do you see that right now what you see as the role of the dollar and these discussions about your national policy? India’s External Affairs Minister S Jaishankar said during his appearance at the Carnegie Endowment for International Peace this fall. “I think you have us confused for someone else because we have never actively targeted the dollar. That's not part of either our economic policy or our political or our strategic policy. Some others may have,” Jaishankar said. “What I will tell you is a natural concern there. We often have trade partners who do not have dollars to take. So, we now have to look at whether we forgo dealings with them or do we find some settlement which works otherwise. So, there's no, I can say malicious intent vis-a-vis the dollar in business. WE are trying to do our business,” he said. “Sometimes you make it difficult in the use of dollars. We have some trade partners with whom trade in dollars becomes difficult because of your policies. We have to obviously look for workarounds. But for us, as we spoke about rebalancing, we spoke about multiple obviously all of this is also going to reflect on currencies and economic needs,” said the External Affairs Minister on October 1 this year. (This story has not been edited by THE WEEK and is auto-generated from PTI)
Japan's famous sake joins UNESCO's cultural heritage list, a boost to brewers and enthusiastsIntech Investment Management LLC bought a new stake in shares of Kadant Inc. ( NYSE:KAI – Free Report ) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,384 shares of the industrial products company’s stock, valued at approximately $806,000. Other hedge funds have also recently made changes to their positions in the company. Janus Henderson Group PLC lifted its position in Kadant by 15.1% in the 1st quarter. Janus Henderson Group PLC now owns 22,324 shares of the industrial products company’s stock valued at $7,321,000 after acquiring an additional 2,923 shares in the last quarter. Hsbc Holdings PLC boosted its position in shares of Kadant by 133.3% during the second quarter. Hsbc Holdings PLC now owns 3,066 shares of the industrial products company’s stock valued at $902,000 after buying an additional 1,752 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Kadant by 16.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 793 shares of the industrial products company’s stock worth $268,000 after buying an additional 110 shares in the last quarter. Raymond James & Associates raised its position in Kadant by 6.5% in the 2nd quarter. Raymond James & Associates now owns 84,117 shares of the industrial products company’s stock worth $24,712,000 after buying an additional 5,167 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new position in Kadant during the 2nd quarter valued at about $615,000. 96.13% of the stock is owned by institutional investors. Analyst Upgrades and Downgrades Separately, Barrington Research restated an “outperform” rating and set a $360.00 price objective on shares of Kadant in a research report on Wednesday, October 30th. Kadant Stock Up 2.3 % KAI stock opened at $412.79 on Friday. The business’s 50-day moving average is $354.00 and its two-hundred day moving average is $321.01. The company has a market cap of $4.85 billion, a price-to-earnings ratio of 42.25 and a beta of 1.21. Kadant Inc. has a fifty-two week low of $249.51 and a fifty-two week high of $429.95. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.46 and a current ratio of 2.29. Kadant ( NYSE:KAI – Get Free Report ) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.41. Kadant had a net margin of 11.12% and a return on equity of 15.10%. The company had revenue of $271.61 million for the quarter, compared to the consensus estimate of $266.38 million. During the same quarter last year, the firm posted $2.69 earnings per share. The firm’s revenue was up 11.2% compared to the same quarter last year. As a group, analysts forecast that Kadant Inc. will post 10.11 earnings per share for the current year. Kadant Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Thursday, February 6th. Shareholders of record on Thursday, January 9th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.31%. The ex-dividend date is Thursday, January 9th. Kadant’s dividend payout ratio is presently 13.10%. Insiders Place Their Bets In related news, Director Thomas C. Leonard sold 152 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $398.21, for a total value of $60,527.92. Following the completion of the transaction, the director now owns 4,250 shares of the company’s stock, valued at approximately $1,692,392.50. This represents a 3.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link . Also, VP Fredrik H. Westerhout sold 600 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $397.25, for a total value of $238,350.00. Following the completion of the sale, the vice president now owns 1,437 shares of the company’s stock, valued at $570,848.25. The trade was a 29.46 % decrease in their position. The disclosure for this sale can be found here . Insiders sold a total of 3,052 shares of company stock worth $1,091,455 over the last quarter. 1.40% of the stock is currently owned by corporate insiders. Kadant Company Profile ( Free Report ) Kadant Inc supplies technologies and engineered systems worldwide. It operates in three segments: Flow Control, Industrial Processing, and Material Handling. The Flow Control segment develops, manufactures, and markets fluid-handling systems and equipment, such as rotary joints, syphons, turbulator bars, expansion joints, and engineered steam and condensate systems; and doctoring, cleaning, and filtration systems and related consumables consisting of doctor systems and holders, doctor blades, cleaning shower and fabric-conditioning systems, forming systems and wear surfaces, and water-filtration systems. Further Reading Five stocks we like better than Kadant How to Calculate Retirement Income: MarketBeat’s Calculator The Latest 13F Filings Are In: See Where Big Money Is Flowing Should You Add These Warren Buffett Stocks to Your Portfolio? 3 Penny Stocks Ready to Break Out in 2025 10 Best Airline Stocks to Buy FMC, Mosaic, Nutrien: Top Agricultural Stocks With Big Potential Receive News & Ratings for Kadant Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kadant and related companies with MarketBeat.com's FREE daily email newsletter .
To The New York Times, it was a standard journalistic practice done in the name of fairness — asking someone involved in a story for comment. To the mother of the nominee for secretary of defense, it constituted a threat. On Wednesday, Pete Hegseth's mother accused the Times of making “threats” by calling about its story on an email she had sent to her son six years earlier that criticized his treatment of women. Penelope Hegseth sought and received an interview on Fox News Channel to support her son, whose confirmation chances are threatened by a series of damaging stories about his personal conduct. At one point, she said she wanted to directly tell President-elect Trump that her son “is not that man he was seven years ago.” People are also reading... Nebraska transportation director: Expressway system won't be done until 2042 At the courthouse, Nov. 30, 2024 27-year-old Beatrice man sentenced for May assault Shoplifting investigation leads to arrest for possession of controlled substance They fell in love with Beatrice. So they opened a store in downtown. Nebraska football signing day preview: Potential flips and a 5-star up for grabs Hospice foundation helps with extra support Gage County Sheriff's Office helps catch Fairbury suspect Blue Springs family to host 2025 Cattleman's Ball Mother to Mother supporting families Beatrice company seeks to break China's stranglehold on rare-earth minerals Stabler scores 22 in Lady O's season opening win At the courthouse, Nov. 23, 2024 Holiday Lighted Parade happening Saturday Shatel: Emotions are still simmering, but Nebraska delivered the bottom line for 2024 — a bowl game She also called the Times “despicable” and attacked a basic tenet of journalism: giving someone the chance to speak for a story about actions that could be seen in a negative light. The Times' story, published Saturday , quoted from a private email that Penelope Hegseth sent to her son in 2018 while he was in the midst of divorcing his second wife. She criticized his character and treatment of women, suggesting that he get some help. “I have no respect for any man that belittles, lies, cheats, sleeps around and uses women for his own power and ego,” she wrote to her offspring. “You are that man (and have been for many years).” She told the Times for its story that she had sent the email in a moment of anger and followed it up two hours later with an apology. She disavows its content now. When the Times called her for comment on the story, Hegseth told Fox News that, at first, she did not respond. She said she perceived the calls as a threat — “they say unless you make a statement we will publish it as is and I think that's a despicable way to treat anyone,” she said. “I don't think a lot of people know that's the way they operate,” she said, speaking about the story. She accused the newspaper of being in it "for the money. And they don't care who they hurt, families, children. I don't believe that's the right way to do things.” Charles Stadtlander, a spokesman for the Times, said Hegseth's claim “is flatly untrue,” and she was in no way threatened. “The Times did what it always does in reporting out a story, simply reaching out and asking for a comment, which we included,” he said. Such a call is the opposite of a threat — it's an attempt to be fair, said Tom Rosenstiel, a University of Maryland professor and co-author of “Elements of Journalism: What News People Should Know and What the Public Should Expect.” “She's basically saying that brake lights are a threat because they alert you that the car ahead of you is about to stop," he said. But many Americans would perceive that call as a threat, or certainly as rude and a violation of privacy, said Tim Graham, director of media analysis at the conservative Media Research Center. “She didn't write that email to be on the front page of The New York Times,” he said. A secondary question is the newsworthiness of publishing the content of the private email, one that Hegseth said she almost immediately regretted sending and doesn't reflect how she perceives her son. Graham suggested that the newspaper wouldn't do the same for the nominee of a Democratic president-elect. “The New York Times is out to destroy these nominees,” he said. In its initial story, the Times wrote that it had obtained a copy of the email “from another person with ties to the Hegseth family.” “This was a piece of independently reported journalism published in the name of public awareness of the nominee to lead the largest department in the federal government,” Stadtlander said. “We stand behind it completely.” In many circumstances, an email from a mother to her son would be considered a private matter and out of bounds to a news organization, Rosenstiel said. But in this case, Hegseth, a former Fox News weekend host chosen by Trump to lead the Pentagon, has built himself into a public figure and is up for a very important job — and one that leads the military, which involves waging war and in which character is considered a fundamental trait. “It makes this news, honestly,” Stadtlander said. The Times wrote about Penelope Hegseth's Fox interview on Wednesday, leading with her saying her son “was not the same man he was in 2018 when she fired off an email accusing him of routinely abusing women and lacking decency and character.” There was some question about whether Hegseth would appear for an interview at his former network on Wednesday, after CNN's Kaitlan Collins posted on X the night before that “multiple people” said that was expected. A Fox News representative said that no such interview had been scheduled, and the nominee was on Capitol Hill meeting with senators. He has faced a flurry of other damaging reports, including stories about a sexual assault allegation reported to police in 2017. No charges were filed then, and Hegseth said the relationship was consensual. The New Yorker magazine wrote about reports of financial mismanagement , sexist behavior and excessive drinking when Hegseth ran a veterans' organization, and NBC News wrote about people at Fox News concerned about his alcohol use. David Bauder writes about media for the AP. Follow him at http://x.com/dbauder and https://bsky.app/profile/dbauder.bsky.social. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. Stay up-to-date on the latest in local and national government and political topics with our newsletter.The 27-year-old achieved the feat with a 23-yard run during the fourth quarter of the Eagles’ crushing 41-7 success at Lincoln Financial Field. Barkley is 100 yards short of Eric Dickerson’s record of 2,105 yards, set in 1984 for the Los Angeles Rams, ahead of next week’s regular season finale against the New York Giants. Single-season rushing record in reach. @saquon @Eagles pic.twitter.com/iSHyXeMLv1 — NFL (@NFL) December 29, 2024 However, he could be rested for that game in order to protect him from injury ahead of the play-offs. The Tampa Bay Buccaneers kept alive their dreams of reaching the play-offs by overcoming the Carolina Panthers 48-14. Veteran quarterback Baker Mayfield produced a dominant performance at Raymond James Stadium, registering five passing touchdowns to equal a Buccaneers franchise record. he BAKED today 👨🍳 pic.twitter.com/eFX9fd1w5P — NFL (@NFL) December 29, 2024 The Buffalo Bills clinched the AFC conference number two seed for the post season with a 40-14 success over the New York Jets at Highmark Stadium. Josh Allen passed for 182 yards and two touchdowns, while rushing for another. Buffalo finish the 2024 regular season undefeated at home, with eight wins from as many games. The Indianapolis Colts’ hopes of reaching the play-offs were ended by a 45-33 defeat to the Giants. FINAL: Drew Lock accounts for 5 TDs in the @Giants victory! #INDvsNYG pic.twitter.com/N8HJYth09F — NFL (@NFL) December 29, 2024 Malik Nabers exploded for 171 yards and two touchdowns and Ihmir Smith-Marsette broke a 100-yard kick-off return to give the Giants their highest-scoring output under head coach Brian Daboll. Quarterback Drew Lock threw four touchdown passes and accounted for a fifth on the ground to seal the win. Elsewhere, Mac Jones threw two touchdowns to help the Jacksonville Jaguars defeat the Tennessee Titans 20-13, while the Las Vegas Raiders beat the New Orleans Saints 25-10.
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Martin scores 17, Southeast Missouri State beats Westminster (MO) 88-39Boost for FTSE as investors pile into UK shares: But £317m inflow may be temporary reprieve By GEOFF HO Updated: 22:00 GMT, 4 December 2024 e-mail 4 View comments Britain’s beleaguered stock market enjoyed a reprieve after a three-and-a-half year exodus as investors piled £317million into equity funds last month. Figures published yesterday by funds network Calastone showed London-listed shares enjoyed inflows for the first time since May 2021. However it barely made a dent in the £25.3billion pulled out since then. And Calastone’s global head of markets, Edward Glyn, warned that it was likely to be a temporary reprieve. ‘The inflow is likely to be a hiatus rather than a break in the trend,’ he said. ‘There is no major catalyst on the horizon to prompt a wholesale resurgence of interest in the much-unloved UK stock market.’ In November, investors ploughed into equity investment funds – both UK and overseas – with overall inflows soaring to a record £3.1billion. That reversed record withdrawals in October as they tried to escape capital gains tax hikes in the Budget. Turning point? Figures published by funds network Calastone provided a rare positive for London-listed shares as the market enjoyed inflows for the first time since May 2021 Steven Fine, chief executive of broker Peel Hunt, last week voiced alarm that money was ‘draining out’ of UK funds. The trend reflects the declining market, which has struggled to attract flotations and seen an exodus of listings due to takeovers and defections to stock exchanges overseas. Yesterday, Bloomberg data showed 45 companies have delisted from London this year, up 10 per cent on last year. In comparison, latest EY figures show just ten companies either joined the London Stock Exchange or AIM, its junior market, in the first nine months of the year. RELATED ARTICLES Previous 1 Next Korean crisis in abeyance - now let's hope Trump goes easy... Gold miner backed by property tycoon Nick Candy snaps up... Share this article Share HOW THIS IS MONEY CAN HELP How to choose the best (and cheapest) stocks and shares Isa and the right DIY investing account The firms to have left this year include Virgin Money – bought by Nationwide for £2.9billion – and cybersecurity group Darktrace and Keywords Studios, taken over by private equity firms in deals worth £4.3billion and £2.1billion respectively. The exodus is set to continue, as Royal Mail’s £3.6billion takeover by Czech billionaire Daniel Kretinsky awaits government approval, while Carlsberg has a £3.3billion deal in place to acquire Britvic. And yesterday, digital training group Learning Technologies agreed an £802million takeover by a US private equity firm AJ Bell investment director Russ Mould said: ‘The takeovers are the results of 15, 20-year trends and it is going to take something big to reverse this.’ Veteran City commentator David Buik said: ‘Britain has many world-class, innovative small to medium sized businesses and this is where we need to concentrate as this is where the future lies. ‘If we give them support, it will boost growth.’ DIY INVESTING PLATFORMS AJ Bell AJ Bell Easy investing and ready-made portfolios Learn More Learn More Hargreaves Lansdown Hargreaves Lansdown Free fund dealing and investment ideas Learn More Learn More interactive investor interactive investor Flat-fee investing from £4.99 per month Learn More Learn More Saxo Saxo Get £200 back in trading fees Learn More Learn More Trading 212 Trading 212 Free dealing and no account fee Learn More Learn More Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence. Compare the best investing account for you Share or comment on this article: Boost for FTSE as investors pile into UK shares: But £317m inflow may be temporary reprieve e-mail Add comment Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.The use of AI is growing rapidly among holiday hunters, as recent reports state that more than four in ten (41 percent) consumers say they have used AI to help plan or research a holiday. This is perhaps expected, considering that 45 percent of consumers stat they feel overwhelmed by the sheer number of holiday choices. To help holiday hunters narrow down their options, the experts at AIPRM have utilised AI to recommend the top travel destinations for 2025, as well as tips provided to Digital Journal for travelling on a budget. To gather the data, AIPRM sought to find the best travel destinations for 2025, by utilising AI. To do this, they asked ChatGPT to list the best holiday destinations for 2025, for which it utilised sites such as LonelyPlanet , Gap360 , and Expedia . The firms also asked for tips on planning a holiday on a budget, and tips to save money on your holiday. AI’s Top Travel Destinations for a 2025 Getaway: Brescia, Italy Brescia is definitely worth adding to your 2025 travel list. Its rich history makes it home to multiple UNESCO World Heritage sites, such as The City Museum, which includes Roman sites, churches, and an art gallery, so you can be sure to have a charming cultural city break in this stunning Italian setting. Santa Barbara, California, USA This coastal city offers a vast array of options for your holiday itinerary, so there’s something for everyone in Santa Barbara. Whether it’s relaxing beaches, outdoor activities, gorgeous architecture and culture, or bars and restaurants you enjoy, you can find it all in Santa Barbara. Chiang Rai, Thailand If you love natural beauty and culture, look no further than the ancient city of Chiang Rai, Thailand in 2025. With its various attractions such as Khun Korn Waterfall and its surrounding bamboo forest, royal temples, artwork, and museums, culture is not in short supply here. Additionally, you can visit the Thai Elephant Care Centre, or alternatively, indulge in the city’s nightlife, and enjoy local food and live music. Albanian Riviera, Albania The Albanian Riviera is known for its stunning turquoise waters and mountains along the coastline in southwestern Albania. The best time of the year to visit is said to be around May-September. One of its most well-known attractions is The Blue Eye: A freshwater spring with clear water that bubbles up from a deep hole. Abu Dhabi, UAE Abu Dhabi’s gorgeous landscapes, such as deserts and beaches, and variety of holiday activities make it a great destination for a 2025 getaway. Offering a variety of shopping malls, museums, theme parks, and a vibrant food scene, this is a great place to add to your holiday list. Spring and autumn are said to be the best times to visit, due to fewer crowds and slightly cheaper accommodation costs. Do these ideas work? Even if they do not, AI can assist those holidaymakers seeking travel at a lower cost. AI’s Top Tips for Travelling on a Budget: Pre-Travel Planning Accommodation & Transport General Tips and Resources Dr. Tim Sandle is Digital Journal's Editor-at-Large for science news.Tim specializes in science, technology, environmental, business, and health journalism. He is additionally a practising microbiologist; and an author. He is also interested in history, politics and current affairs.
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By Lawrence Delevingne (Reuters) -A U.S. tech stock rally and expectations of lower interest rates boosted global shares while the euro and dollar were steady on Wednesday despite political turmoil in South Korea and France. Wall Street’s major stock indexes rallied to record closing highs, led higher by tech stocks and comments by Federal Reserve officials. Enterprise cloud company Salesforce and chipmaker Marvell Technology logged strong third-quarter results. UnitedHealth shares gained nearly 1% despite Brian Thompson, the CEO of its insurance unit, being fatally shot on Wednesday morning in New York City. The S&P 500 added 0.6% to 6,086 and the Nasdaq Composite jumped 1.3% to 19,735 — both record highs — while the Dow Jones Industrial Average rose 0.7%, to 45,014. MSCI’s gauge of stocks across the globe rose 0.47%. U.S. Treasury yields fell after Fed Chair Jerome Powell said the recent strength of the economy will allow the U.S. central bank to “be a little more cautious as we try to find neutral” with interest rate policy. The day started on a more negative note, when lawmakers in South Korea, Asia’s fourth-largest economy, called on President Yoon Suk Yeol to resign or face impeachment a day after he declared martial law, only to reverse the move hours later. The crisis left South Korea’s benchmark KOSPI index down 1.4%, taking its year-to-date losses to over 7% and making it the worst performing major stock market in Asia this year. MSCI’s broadest index of Asia-Pacific shares outside Japan, which counts Samsung Electronics as one of its top constituents, fell 0.15%. Most Asian markets aside from South Korea rose. The won currency, buoyed by suspected central bank intervention, steadied but remained close to the two-year low against the dollar that it hit late on Tuesday. South Korea’s finance ministry said it was prepared to deploy unlimited liquidity into financial markets. Reports said the financial regulator was ready to deploy 10 trillion won ($7.1 billion) in a stock market stabilisation fund. “Martial law itself has been lifted, but this incident creates more uncertainty in the political landscape and the economy,” said ING senior economist Min Joo Kang. In Europe, stocks gained about 0.4% and the euro traded near a two-year low ahead of the no-confidence vote in France. French lawmakers later in the day voted to oust the fragile coalition of Prime Minister Michel Barnier, deepening the political crisis in the euro zone’s second-largest economy. Barnier’s government is France’s first to be forced out by a no-confidence vote in more than 60 years. The country is struggling to tame a massive budget deficit. The single currency, last at $1.0511, was little changed on the day but down about 5% over the last three months. Investors have been bracing for tariffs from U.S. President-elect Donald Trump. U.S. POLICY PATH Away from political turmoil, investors are hoping for more clues on the policy path the Fed will likely take next year, with a November employment report due on Friday. U.S. job openings increased solidly in October while layoffs dropped by the most in 1-1/2 years, data showed on Tuesday. Another survey showed employers hesitant to hire more workers. U.S. economic activity also expanded slightly in most regions since early October, with employment growth “subdued” and inflation rising at a modest pace and businesses expressing optimism about the future, the Fed said on Wednesday in its “Beige Book” economic summary. The yield on benchmark U.S. 10-year notes fell 3.3 basis points to 4.188%, from 4.221% late on Tuesday. St. Louis Fed President Alberto Musalem said the pace of future rate cuts has grown less clear. The BlackRock Investment Institute (BII) said it sees persistent U.S. inflationary pressures from rising geopolitical fragmentation, big spending on AI and low-carbon transition. In debt markets, BII raised its weighting on short-term U.S. Treasuries to “neutral” from “underweight”, saying market pricing now roughly matches its expectations for interest rate cuts from the Fed next year. “We think it will cut further in 2025, and growth will cool a little, but with inflation still above target the Fed won’t have room to cut much past 4%, leaving rates well above pre-pandemic levels,” BII said in its 2025 outlook. Markets see about a 75% chance of a 25 basis point cut this month, with 80 bps of cuts expected by the end of next year. In currencies, the dollar index, which measures the U.S. currency against six rivals, was little changed at 106.3. Oil futures slipped as traders awaited an imminent OPEC+ decision on supply. A larger-than-expected draw in U.S. crude stockpiles last week lent some support to prices. U.S. crude fell 1.62% to $68.81 a barrel and Brent declined to $72.53 per barrel, down 1.48% on the day. [O/R] In cryptocurrencies, bitcoin gained 3% to $98,892 and Ethereum rose 7.4% to $3,881 as Trump said he would nominate Paul Atkins to run the U.S. Securities and Exchange Commission. Atkins is seen as a crypto industry-friendly pick. (Reporting by Lawrence Delevingne in Boston, Tom Wilson in London and Ankur Banerjee in Singapore; Editing by Alexander Smith, Christina Fincher, Jonathan Oatis and Alistair Bell) Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibility for its content. var ytflag = 0;var myListener = function() {document.removeEventListener('mousemove', myListener, false);lazyloadmyframes();};document.addEventListener('mousemove', myListener, false);window.addEventListener('scroll', function() {if (ytflag == 0) {lazyloadmyframes();ytflag = 1;}});function lazyloadmyframes() {var ytv = document.getElementsByClassName("klazyiframe");for (var i = 0; i < ytv.length; i++) {ytv[i].src = ytv[i].getAttribute('data-src');}} Save my name, email, and website in this browser for the next time I comment. Δ document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() );A video posted to social media by a Texas lieutenant in the Department of Public Safety shows a young girl at the U.S.-Mexico border standing alone. She has traveled from El Salvador, and holds just a Post-It note with a phone number on it. "How old are you?" a trooper asks. The girl holds up two fingers. A second video posted by the same lieutenant shows 60 migrant children who journeyed by themselves to the U.S. arriving in Eagle Pass, Texas. Another image shows an accused smuggler running across the border with a 5-year-old in his arms, reportedly paid to bring the girl to her mother already in the states. The Texas Department of Public Safety, under Republican Gov. Greg Abbott, openly supports President-elect Donald Trump's push to dramatically tighten immigration. Lt. Chris Olivarez began posting photos and videos of child migrants around the time Tom Homan, Trump's point-person on the border, visited Eagle Pass. "I guarantee some are in forced labor, some are in sex trades," Homan said. "We're going to save those children." RELATED STORY | Trump announces former acting ICE Director Tom Homan as new 'border czar' The arrival of unaccompanied minors is not a new phenomenon. Thousands have journeyed across the Mexican border each year, including during the first Trump term, according to a Scripps News review of data from the Department of Health and Human Services. The flow of unaccompanied minors, however, reached record highs during the first years of the Biden administration, as undocumented immigration soared. The numbers have fallen since 2022 but remain elevated today. The federal government tries to quickly place child migrants with a sponsor already in the country, usually a parent or other close family member. The sponsor pledges to care for the minor while ensuring they go through immigration proceedings. However, it is an approach that does not always work. RELATED STORY | Trump's mass deportation plan targets specific groups of immigrants A 2023 joint investigation by Scripps News and the Center for Public Integrity found many children end up disappearing from their sponsor homes. Thousands of unaccompanied minors run away, some winding up in dangerous illegal child labor jobs, or worse. "They've simply vanished into a dark underworld of sex and drug trafficking, forced labor, gang activity and crime," said Rep. Tom McClintock, R-California, during a November congressional hearing. McClintock and other Republicans say the Department of Health and Human Services is to blame for failing to properly vet sponsors. A 2023 report by a Florida grand jury obtained by Scripps News found some sponsor addresses were in fact empty lots or a strip club. One address listed 44 kids assigned to it. Health and Human Services Secretary Xavier Becerra says they are doing the best they can with a limited budget. "What we don't do is short-change the vetting process," Becerra said at a November hearing on Capitol Hill. "We make sure that we follow best practices in the child welfare field. "We do background checks on every individual," he added. RELATED STORY | The struggle to locate migrant children missing from US homes Just how many migrant children have disappeared from their sponsors is in dispute. Becerra says a frequently cited estimate of 85,000 missing kids is too high and doesn't account for many children who are safe but just not reachable by HHS officials who make three attempts to contact them. "They may be at school, they may be at a doctor's appointment, they may not have a phone working anymore," Becerra said. Homan and the rest of the Trump administration have not yet laid out what their policy will be for those children who make the perilous journey to the U.S. alone.
Dallas plays Winnipeg after Marchment's 2-goal performanceATLANTA (AP) — Jimmy Carter, the peanut farmer who won the presidency in the wake of the Watergate scandal and Vietnam War, endured humbling defeat after one tumultuous term and then redefined life after the White House as a global humanitarian, has died. He was 100 years old. The longest-lived American president died on Sunday, more than a year after entering hospice care, at his home in the small town of Plains, Georgia, where he and his wife, Rosalynn, who died at 96 in November 2023, spent most of their lives, The Carter Center said. "Our founder, former U.S. President Jimmy Carter, passed away this afternoon in Plains, Georgia," the center said in posting about his death on the social media platform X. It added in a statement that he died peacefully, surrounded by his family. Businessman, Navy officer, evangelist, politician, negotiator, author, woodworker, citizen of the world — Carter forged a path that still challenges political assumptions and stands out among the 45 men who reached the nation's highest office. The 39th president leveraged his ambition with a keen intellect, deep religious faith and prodigious work ethic, conducting diplomatic missions into his 80s and building houses for the poor well into his 90s. "My faith demands — this is not optional — my faith demands that I do whatever I can, wherever I am, whenever I can, for as long as I can, with whatever I have to try to make a difference," Carter once said. A president from Plains A moderate Democrat, Carter entered the 1976 presidential race as a little-known Georgia governor with a broad smile, outspoken Baptist mores and technocratic plans reflecting his education as an engineer. His no-frills campaign depended on public financing, and his promise not to deceive the American people resonated after Richard Nixon's disgrace and U.S. defeat in southeast Asia. "If I ever lie to you, if I ever make a misleading statement, don't vote for me. I would not deserve to be your president," Carter repeated before narrowly beating Republican incumbent Gerald Ford, who had lost popularity pardoning Nixon. Carter governed amid Cold War pressures, turbulent oil markets and social upheaval over racism, women's rights and America's global role. His most acclaimed achievement in office was a Mideast peace deal that he brokered by keeping Egyptian President Anwar Sadat and Israeli Prime Minister Menachem Begin at the bargaining table for 13 days in 1978. That Camp David experience inspired the post-presidential center where Carter would establish so much of his legacy. Yet Carter's electoral coalition splintered under double-digit inflation, gasoline lines and the 444-day hostage crisis in Iran. His bleakest hour came when eight Americans died in a failed hostage rescue in April 1980, helping to ensure his landslide defeat to Republican Ronald Reagan. Carter acknowledged in his 2020 "White House Diary" that he could be "micromanaging" and "excessively autocratic," complicating dealings with Congress and the federal bureaucracy. He also turned a cold shoulder to Washington's news media and lobbyists, not fully appreciating their influence on his political fortunes. "It didn't take us long to realize that the underestimation existed, but by that time we were not able to repair the mistake," Carter told historians in 1982, suggesting that he had "an inherent incompatibility" with Washington insiders. Carter insisted his overall approach was sound and that he achieved his primary objectives — to "protect our nation's security and interests peacefully" and "enhance human rights here and abroad" — even if he fell spectacularly short of a second term. And then, the world Ignominious defeat, though, allowed for renewal. The Carters founded The Carter Center in 1982 as a first-of-its-kind base of operations, asserting themselves as international peacemakers and champions of democracy, public health and human rights. "I was not interested in just building a museum or storing my White House records and memorabilia," Carter wrote in a memoir published after his 90th birthday. "I wanted a place where we could work." That work included easing nuclear tensions in North and South Korea, helping to avert a U.S. invasion of Haiti and negotiating cease-fires in Bosnia and Sudan. By 2022, The Carter Center had declared at least 113 elections in Latin America, Asia and Africa to be free or fraudulent. Recently, the center began monitoring U.S. elections as well. Carter's stubborn self-assuredness and even self-righteousness proved effective once he was unencumbered by the Washington order, sometimes to the point of frustrating his successors. He went "where others are not treading," he said, to places like Ethiopia, Liberia and North Korea, where he secured the release of an American who had wandered across the border in 2010. "I can say what I like. I can meet whom I want. I can take on projects that please me and reject the ones that don't," Carter said. He announced an arms-reduction-for-aid deal with North Korea without clearing the details with Bill Clinton's White House. He openly criticized President George W. Bush for the 2003 invasion of Iraq. He also criticized America's approach to Israel with his 2006 book "Palestine: Peace Not Apartheid." And he repeatedly countered U.S. administrations by insisting North Korea should be included in international affairs, a position that most aligned Carter with Republican President Donald Trump. Among the center's many public health initiatives, Carter vowed to eradicate the guinea worm parasite during his lifetime, and nearly achieved it: Cases dropped from millions in the 1980s to nearly a handful. With hardhats and hammers, the Carters also built homes with Habitat for Humanity. The Nobel committee's 2002 Peace Prize cites his "untiring effort to find peaceful solutions to international conflicts, to advance democracy and human rights, and to promote economic and social development." Carter should have won it alongside Sadat and Begin in 1978, the chairman added. Carter accepted the recognition saying there was more work to be done. "The world is now, in many ways, a more dangerous place," he said. "The greater ease of travel and communication has not been matched by equal understanding and mutual respect." 'An epic American life' Carter's globetrotting took him to remote villages where he met little "Jimmy Carters," so named by admiring parents. But he spent most of his days in the same one-story Plains house — expanded and guarded by Secret Service agents — where they lived before he became governor. He regularly taught Sunday School lessons at Maranatha Baptist Church until his mobility declined and the coronavirus pandemic raged. Those sessions drew visitors from around the world to the small sanctuary where Carter will receive his final send-off after a state funeral at Washington's National Cathedral. The common assessment that he was a better ex-president than president rankled Carter and his allies. His prolific post-presidency gave him a brand above politics, particularly for Americans too young to witness him in office. But Carter also lived long enough to see biographers and historians reassess his White House years more generously. His record includes the deregulation of key industries, reduction of U.S. dependence on foreign oil, cautious management of the national debt and notable legislation on the environment, education and mental health. He focused on human rights in foreign policy, pressuring dictators to release thousands of political prisoners. He acknowledged America's historical imperialism, pardoned Vietnam War draft evaders and relinquished control of the Panama Canal. He normalized relations with China. "I am not nominating Jimmy Carter for a place on Mount Rushmore," Stuart Eizenstat, Carter's domestic policy director, wrote in a 2018 book. "He was not a great president" but also not the "hapless and weak" caricature voters rejected in 1980, Eizenstat said. Rather, Carter was "good and productive" and "delivered results, many of which were realized only after he left office." Madeleine Albright, a national security staffer for Carter and Clinton's secretary of state, wrote in Eizenstat's forward that Carter was "consequential and successful" and expressed hope that "perceptions will continue to evolve" about his presidency. "Our country was lucky to have him as our leader," said Albright, who died in 2022. Jonathan Alter, who penned a comprehensive Carter biography published in 2020, said in an interview that Carter should be remembered for "an epic American life" spanning from a humble start in a home with no electricity or indoor plumbing through decades on the world stage across two centuries. "He will likely go down as one of the most misunderstood and underestimated figures in American history," Alter told The Associated Press. A small-town start James Earl Carter Jr. was born Oct. 1, 1924, in Plains and spent his early years in nearby Archery. His family was a minority in the mostly Black community, decades before the civil rights movement played out at the dawn of Carter's political career. Carter, who campaigned as a moderate on race relations but governed more progressively, talked often of the influence of his Black caregivers and playmates but also noted his advantages: His land-owning father sat atop Archery's tenant-farming system and owned a main street grocery. His mother, Lillian, would become a staple of his political campaigns. Seeking to broaden his world beyond Plains and its population of fewer than 1,000 — then and now — Carter won an appointment to the U.S. Naval Academy, graduating in 1946. That same year he married Rosalynn Smith, another Plains native, a decision he considered more important than any he made as head of state. She shared his desire to see the world, sacrificing college to support his Navy career. Carter climbed in rank to lieutenant, but then his father was diagnosed with cancer, so the submarine officer set aside his ambitions of admiralty and moved the family back to Plains. His decision angered Rosalynn, even as she dived into the peanut business alongside her husband. Carter again failed to talk with his wife before his first run for office — he later called it "inconceivable" not to have consulted her on such major life decisions — but this time, she was on board. "My wife is much more political," Carter told the AP in 2021. He won a state Senate seat in 1962 but wasn't long for the General Assembly and its back-slapping, deal-cutting ways. He ran for governor in 1966 — losing to arch-segregationist Lester Maddox — and then immediately focused on the next campaign. Carter had spoken out against church segregation as a Baptist deacon and opposed racist "Dixiecrats" as a state senator. Yet as a local school board leader in the 1950s he had not pushed to end school segregation even after the Supreme Court's Brown v. Board of Education decision, despite his private support for integration. And in 1970, Carter ran for governor again as the more conservative Democrat against Carl Sanders, a wealthy businessman Carter mocked as "Cufflinks Carl." Sanders never forgave him for anonymous, race-baiting flyers, which Carter disavowed. Ultimately, Carter won his races by attracting both Black voters and culturally conservative whites. Once in office, he was more direct. "I say to you quite frankly that the time for racial discrimination is over," he declared in his 1971 inaugural address, setting a new standard for Southern governors that landed him on the cover of Time magazine. 'Jimmy Who?' His statehouse initiatives included environmental protection, boosting rural education and overhauling antiquated executive branch structures. He proclaimed Martin Luther King Jr. Day in the slain civil rights leader's home state. And he decided, as he received presidential candidates in 1972, that they were no more talented than he was. In 1974, he ran Democrats' national campaign arm. Then he declared his own candidacy for 1976. An Atlanta newspaper responded with the headline: "Jimmy Who?" The Carters and a "Peanut Brigade" of family members and Georgia supporters camped out in Iowa and New Hampshire, establishing both states as presidential proving grounds. His first Senate endorsement: a young first-termer from Delaware named Joe Biden. Yet it was Carter's ability to navigate America's complex racial and rural politics that cemented the nomination. He swept the Deep South that November, the last Democrat to do so, as many white Southerners shifted to Republicans in response to civil rights initiatives. A self-declared "born-again Christian," Carter drew snickers by referring to Scripture in a Playboy magazine interview, saying he "had looked on many women with lust. I've committed adultery in my heart many times." The remarks gave Ford a new foothold and television comedians pounced — including NBC's new "Saturday Night Live" show. But voters weary of cynicism in politics found it endearing. Carter chose Minnesota Sen. Walter "Fritz" Mondale as his running mate on a "Grits and Fritz" ticket. In office, he elevated the vice presidency and the first lady's office. Mondale's governing partnership was a model for influential successors Al Gore, Dick Cheney and Biden. Rosalynn Carter was one of the most involved presidential spouses in history, welcomed into Cabinet meetings and huddles with lawmakers and top aides. The Carters presided with uncommon informality: He used his nickname "Jimmy" even when taking the oath of office, carried his own luggage and tried to silence the Marine Band's "Hail to the Chief." They bought their clothes off the rack. Carter wore a cardigan for a White House address, urging Americans to conserve energy by turning down their thermostats. Amy, the youngest of four children, attended District of Columbia public school. Washington's social and media elite scorned their style. But the larger concern was that "he hated politics," according to Eizenstat, leaving him nowhere to turn politically once economic turmoil and foreign policy challenges took their toll. Accomplishments, and 'malaise' Carter partially deregulated the airline, railroad and trucking industries and established the departments of Education and Energy, and the Federal Emergency Management Agency. He designated millions of acres of Alaska as national parks or wildlife refuges. He appointed a then-record number of women and nonwhite people to federal posts. He never had a Supreme Court nomination, but he elevated civil rights attorney Ruth Bader Ginsburg to the nation's second highest court, positioning her for a promotion in 1993. He appointed Paul Volker, the Federal Reserve chairman whose policies would help the economy boom in the 1980s — after Carter left office. He built on Nixon's opening with China, and though he tolerated autocrats in Asia, pushed Latin America from dictatorships to democracy. But he couldn't immediately tame inflation or the related energy crisis. And then came Iran. After he admitted the exiled Shah of Iran to the U.S. for medical treatment, the American Embassy in Tehran was overrun in 1979 by followers of the Ayatollah Ruhollah Khomeini. Negotiations to free the hostages broke down repeatedly ahead of the failed rescue attempt. The same year, Carter signed SALT II, the new strategic arms treaty with Leonid Brezhnev of the Soviet Union, only to pull it back, impose trade sanctions and order a U.S. boycott of the Moscow Olympics after the Soviets invaded Afghanistan. Hoping to instill optimism, he delivered what the media dubbed his "malaise" speech, although he didn't use that word. He declared the nation was suffering "a crisis of confidence." By then, many Americans had lost confidence in the president, not themselves. Carter campaigned sparingly for reelection because of the hostage crisis, instead sending Rosalynn as Sen. Edward M. Kennedy challenged him for the Democratic nomination. Carter famously said he'd "kick his ass," but was hobbled by Kennedy as Reagan rallied a broad coalition with "make America great again" appeals and asking voters whether they were "better off than you were four years ago." Reagan further capitalized on Carter's lecturing tone, eviscerating him in their lone fall debate with the quip: "There you go again." Carter lost all but six states and Republicans rolled to a new Senate majority. Carter successfully negotiated the hostages' freedom after the election, but in one final, bitter turn of events, Tehran waited until hours after Carter left office to let them walk free. 'A wonderful life' At 56, Carter returned to Georgia with "no idea what I would do with the rest of my life." Four decades after launching The Carter Center, he still talked of unfinished business. "I thought when we got into politics we would have resolved everything," Carter told the AP in 2021. "But it's turned out to be much more long-lasting and insidious than I had thought it was. I think in general, the world itself is much more divided than in previous years." Still, he affirmed what he said when he underwent treatment for a cancer diagnosis in his 10th decade of life. "I'm perfectly at ease with whatever comes," he said in 2015. "I've had a wonderful life. I've had thousands of friends, I've had an exciting, adventurous and gratifying existence." ___ Former Associated Press journalist Alex Sanz contributed to this report.
HALIFAX — The Transportation Safety Board of Canada is investigating after sparks and flames shot from under the wing of a plane that landed hard in Halifax. Nikki Valentine, a Halifax woman who was on the plane, said passengers felt a "massive rumble" upon landing at the Halifax Stanfield International Airport Saturday night. "The cabin tilted, we saw sparks and then flames and then smoke started getting sucked into the cabin," she told The Canadian Press in a direct message over social media. Airport spokesperson Tiffany Chase said Saturday an Air Canada Express flight operated by the regional carrier PAL Airlines, arriving from St. John’s, N.L., experienced an incident upon landing at approximately 9:30 p.m. Air Canada spokesperson Peter Fitzpatrick said late Saturday that the plane experienced a "suspected landing gear issue" after arrival and was unable to reach the terminal. Fitzpatrick said the crew and 73 passengers were off-loaded by bus and nobody on board was injured. A Nova Scotia RCMP spokesperson said on Saturday that some minor injuries were reported, but clarified Sunday that in fact no one was injured. Valentine said she is "especially thankful the pilot was able to get ahold of the situation very fast." The incident temporarily halted flight activity at the airport. As of Sunday afternoon, Valentine and other passengers were still without the bags they were instructed to leave on the plane. Valentine said she contacted Air Canada, who told her that it could be up to three more days before their bags are returned as the investigation into the incident continues. "A lot of people have things like house keys or wallets they needed and couldn't get," she said. "It's all proper procedure, and I'd rather the inconvenience (of missing bags) than if anything bad had happened, of course, but it's still tough." This report by The Canadian Press was first published Dec. 29, 2024. Lyndsay Armstrong, The Canadian PressSell or Hold? A Million-Dollar Dilemma Unfolds. What Would You Do?For the first time in the Colombo Stock Exchange’s (CSE’s) 150-year plus history, the All Share Price Index (ASPI) crossed the 15,000-mark yesterday continuing its bullish momentum from the previous weeks. The ASPI closed the day in green at 15,021, gaining 210 points for the 20th consecutive session, also surpassing the 15,000 points’ mark reordered earlier. Amidst multiple off-board transactions, turnover stood at LKR 8.4 billion, marking an increase of 74.0 percent from the monthly average, standing at LKR 4.9 billion. Many stockbrokers said that Sri Lanka’s credit rating upgrade by Fitch Ratings was one of the key factors for strengthening investor confidence. CSE Chief Executive Officer Rajeeva Bandaranaike also endorsed this and said that in addition to this rating upgrade, the progress made on the economic front and positive news in terms of debt restructuring has increased investor confidence. “One other key factor that boosted investor confidence is the political stability by having the President and Government of the same party, with a two-thirds majority, for the next five years. This too was one key reason for the market to be positive in the recent past, he said.” He also said with the low interest rates’ environment, people are moving from depending on fixed income to equities. People are now moving towards putting their money in the stock exchange as it can yield better returns than fixed deposits would. “The market is still undervalued as our fees are still under 10 and this factor still offers value for investors.” Meanwhile First Capital stockbrokers said that trading activity surged significantly exceeding 48,000 trades, driven by strong retail demand for stocks like BIL, LOFC, and AEL. “Moreover, the Banking sector led the turnover by 25 percent, followed by the Capital Goods and Diversified Financials’ sectors jointly contributing 33 percent of the overall turnover. Foreign investors turned net buyers, with a net inflow of LKR 43.2 million amidst low participation.”
NEW YORK — In a string of visits, dinners, calls, monetary pledges and social media overtures, big tech chiefs — including Apple’s Tim Cook, OpenAI’s Sam Altman, Meta’s Mark Zuckerberg, SoftBank’s Masayoshi Son and Amazon’s Jeff Bezos — have joined a parade of business and world leaders trying to improve their standing with President-elect Donald Trump before he takes office in January. “The first term, everybody was fighting me,” Trump said in recent remarks at Mar-a-Lago. “In this term, everybody wants to be my friend.” Tech companies and leaders have poured millions into his inauguration fund, a sharp increase — in most cases — from past pledges to incoming presidents. What does the tech industry expect to gain out of its renewed relationships with Trump? During an interview this past week, Salesforce CEO Marc Benioff said the incoming Trump administration seems more interested in hearing about issues that are important to the industry than the Biden administration. “Put all the politics aside, everybody wants to reboot some things,” said Benioff, who stressed he strives to stay nonpartisan because he also owns Time magazine. “We are just at a very exciting moment; it’s a new chapter for America. I think we should all have our best intentions going forward. I think a lot of people realize there is a lot of incredible people like Elon Musk in the tech industry and in the business community. If you tap the power and expertise of the best in America to make the best of America, that’s a great vision. “ A clue to what the industry is looking for came just days before the election when Microsoft executives — who’ve largely tried to show a neutral or bipartisan stance — joined with a close Trump ally, venture capitalist Marc Andreessen, to publish a blog post outlining their approach to artificial intelligence policy. “Regulation should be implemented only if its benefits outweigh its costs,” said the document signed by Andreessen, his business partner Ben Horowitz, Microsoft CEO Satya Nadella and the company’s president, Brad Smith. They also urged the government to back off on any attempt to strengthen copyright laws that would make it harder for companies to use publicly available data to train their AI systems. And they said, “The government should examine its procurement practices to enable more startups to sell technology to the government.” Trump pledged to rescind President Joe Biden’s sweeping AI executive order, which sought to protect people’s rights and safety without stifling innovation. He hasn’t specified what he would do in its place, but his campaign said AI development should be “rooted in Free Speech and Human Flourishing.” Trump’s choice to head the Interior Department, North Dakota Gov. Doug Burgum, has spoken openly about the need to boost electricity production to meet increased demand from data centers and artificial intelligence. “The AI battle affects everything from defense to health care to education to productivity as a country,” Burgum said on Nov. 15, referring to artificial intelligence. “And the AI that’s coming in the next 18 months is going to be revolutionary. So there’s just a sense of urgency and a sense of understanding in the Trump administration” to address it. Demand for data centers ballooned in recent years because of the rapid growth of cloud computing and AI, and local governments are competing for lucrative deals with big tech companies. As data centers begin to consume more resources, some residents are pushing back against the world’s most powerful corporations over concerns about the economic, social and environmental health of their communities. “Maybe Big Tech should buy a copy of ‘The Art of The Deal’ to figure out how to best negotiate with this administration,” suggested Paul Swanson, an antitrust attorney for the law firm Holland & Hart. “I won’t be surprised if they find ways to reach some accommodations and we end up seeing more negotiated resolutions and consent decrees.” Although federal regulators began cracking down on Google and Facebook during Trump’s first term as president — and flourished under Biden — most experts expect his second administration to ease up on antitrust enforcement and be more receptive to business mergers. Google may benefit from Trump’s return after he made comments on the campaign trail suggesting a breakup of the company isn’t in the national interest of the U.S., after a judge declared its search engine an illegal monopoly. However, recent nominations put forward by his transition team favored those who have been critical of Big Tech companies, suggesting Google won’t be entirely off the hook. Cook’s notoriously rocky relationship with the EU can be traced back to a 2016 ruling from Brussels in a tax case targeting Apple. Cook slammed the bloc’s order for Apple to pay back up to 13 billion euros, or $13.7 billion, in Irish back taxes as “total political crap.” Trump, then in his first term as president, piled on, referring to the European Commissioner Margrethe Vestager, who was spearheading a campaign on special tax deals and a crackdown on Big Tech companies, as someone who “really hates the U.S.” Brussels was eventually vindicated after the bloc’s top court rejected Apple’s appeal this year, though it didn’t stop Cook from calling Trump to complain, Trump recounted in an October podcast. Altman, Amazon and Meta all pledged to donate $1 million each to Trump’s inaugural fund. Salesforce’s Benioff said that he won’t be donating money to the inauguration because of his ties to Time, which named Trump as its “Person of The Year” — a decision that landed a picture of the president elect on the magazine’s cover. “I think we just donated that photo,” Benioff said as he chuckled. “He can use the Time magazine cover for free.” During his first term, Trump criticized Amazon and railed against the political coverage at The Washington Post, which billionaire Bezos owns. Meanwhile, Bezos criticized some of Trump’s past rhetoric. In 2019, Amazon also argued in a court case that Trump’s bias against the company harmed its chances of winning a $10 billion Pentagon contract. More recently, Bezos struck a more conciliatory tone. He recently said at The New York Times’ DealBook Summit in New York that he was “optimistic” about Trump’s second term, while also endorsing president-elect’s plans to cut regulations. The donation from Meta came just weeks after Zuckerberg met with Trump privately at Mar-a-Lago. During the 2024 campaign, Zuckerberg did not endorse a candidate for president, but voiced a more positive stance toward Trump. Earlier this year, he praised Trump’s response to his first assassination attempt. Still, Trump in recent months had continued to attack Zuckerberg publicly. Be the first to know Get local news delivered to your inbox!University of Arizona Assistant Headbutts Helmeted Player, Bleeds From HeadNEW YORK , Dec. 4, 2024 /PRNewswire/ -- Report on how AI is driving market transformation - The global location-based services (LBS) market size is estimated to grow by USD 296.3 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 32.77% during the forecast period. Rise in demand for personal and enterprise navigation services is driving market growth, with a trend towards growing popularity of location-based gaming. However, privacy and security issues in location-based services poses a challenge. Key market players include AiRISTA Flow Inc., Alphabet Inc., Apple Inc., AT and T Inc., Bayerische Motoren Werke AG, Cisco Systems Inc., Emanate Wireless, Esri Global Inc., Foursquare Labs Inc., General Electric Co., Halma Plc, Hewlett Packard Enterprise Co., International Business Machines Corp., Microsoft Corp., Oracle Corp., Qualcomm Inc., Siemens AG, Telefonaktiebolaget LM Ericsson, Zebra Technologies Corp., and Ziff Davis Inc.. Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF Market Driver Location-based services (LBS) are on the rise, with mobile positioning at the forefront. Satellite-based GPS, E-OTD, OTDOA, and hybrid technologies like Wireless-assisted GNSS and A-GNSS are driving this trend. LBS is transforming industries, from smart city projects and 3D mapping applications to e-commerce and mobile apps. Artificial intelligence, real-time location tracking, and Bluetooth beacons are enhancing user experience. Autonomous vehicles, disaster information systems, and geolocation data are revolutionizing transportation and logistics. LBS is also making strides in healthcare, fleet management, local search, and IoT technology. Navigation and tracking services are more accurate than ever, thanks to 5G infrastructure and the integration of AR and VR technologies. Smartphones, social media, food delivery services, hardware, software, business intelligence, and transportation are all benefiting from the advancements in LBS. The location-based gaming market is experiencing significant growth due to advancements in high-speed Internet connectivity and the integration of positioning technologies in smartphones. Games like Ingress, Pokemon Go, and Geocaching utilize GPS to create interactive map-based experiences, allowing players to navigate within the game using their current physical location. This shift in the gaming industry, driven by technologies such as cloud computing, 5G, and virtual reality (VR), has led to the emergence of new gaming models, including online multiplayer and free-roam gaming. These advancements enable players to engage in real-time, location-based experiences that go beyond traditional gaming products. Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution! Market Challenges Location-based services (LBS) market is experiencing significant growth due to the increasing use of mobile positioning technologies like Satellite-based GPS, E-OTD, OTDOA, Wireless-assisted GNSS, A-GNSS, and Hybrid technologies. LBS applications include smart city projects, 3D mapping, e-commerce, mobile apps, artificial intelligence, real-time location tracking, Bluetooth beacons, autonomous vehicles, disaster information systems, and more. The integration of LBS with IoT, AR, VR, navigation and tracking, indoor location services, transportation and logistics, healthcare, 5G infrastructure, and business intelligence is revolutionizing various industries. Real-time data from positioning technologies is driving innovation in navigation services, fleet management, local search, and food delivery services. Hardware and software solutions are essential for implementing these services, making it a thriving business opportunity. Smartphone use and social media are also major contributors to the growth of the LBS market. Location-Based Services (LBS) offer consumers coupons, deals, and promotions based on their personal information, which includes location data. This data is shared among players in the LBS value chain, increasing the risk of information leakage without consent. Network providers manage and own databases, granting them access to end-users' location data. Additionally, using LBS may result in unintended disclosure of visiting places, meeting people, and attending events, which can be obtained and misused without consent. Ensuring data security and privacy is crucial in the LBS market. Discover how AI is revolutionizing market trends- Get your access now! Segment Overview This location-based services (lbs) market report extensively covers market segmentation by 1.1 Hardware 1.2 Software 1.3 Services 2.1 Outdoor 2.2 Indoor 3.1 North America 3.2 Europe 3.3 APAC 3.4 South America 3.5 Middle East and Africa 1.1 Hardware- The Location-Based Services (LBS) market is driven by various hardware components, including RFID tags, beacons, and sensors. Hewlett Packard Enterprise (HPE) offers Aruba Tags, which provide location-related data for assets and enable tracking in indoor and outdoor locations. Aruba Tags utilize Bluetooth Low Energy (BLE) technology and offer features such as maintenance-free batteries, true locations on maps, and compatibility with medical applications. HPE's Aruba beacons provide remote management support, easy deployment, and battery and USB-powered options. Cisco Systems offers a Cisco Beacon Point Module, which provides Wi-Fi access and acts as a BLE beacon. RFID tags, such as those provided by AiRISTA Flow, are cost-effective and optimize battery usage with motion sensors. These hardware components, provided by vendors like HPE and AiRISTa, are essential for implementing location-based solutions and will drive the growth of the LBS market during the forecast period. Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics Research Analysis Location-based services (LBS) refer to technologies and applications that use geographic location information to enhance and facilitate various activities. Mobile positioning, such as Satellite-based GPS, E-OTD, OTDOA, Wireless-assisted GNSS, and A-GNSS, are key positioning technologies used in LBS. Hybrid technologies combine multiple positioning methods for improved accuracy. LBS finds applications in smart city projects, 3D mapping applications, IoT, AR, and VR, enabling real-time data access and navigation services. Connected devices, GPS, and smartphone use are essential for LBS, while social media platforms provide additional opportunities for location-based features. Geolocation data is a valuable asset for businesses and individuals alike, driving innovation and growth in the LBS market. Market Research Overview Location-based services (LBS) refer to technologies and applications that use mobile positioning, such as Satellite-based GPS, E-OTD, OTDOA, Wireless-assisted GNSS, A-GNSS, and hybrid technologies, to provide real-time data and navigation services. These services are used in various industries, including smart city projects, transportation and logistics, healthcare, and e-commerce. Real-time location tracking is made possible through technologies like Bluetooth beacons, 5G infrastructure, and IoT. LBS are integrated into mobile apps, augmented reality (AR), and virtual reality (VR) for indoor location services and navigation. LBS are also used in disaster information systems, transportation, and fleet management. Geolocation data is essential for business intelligence, local search, and social media. LBS are transforming industries, from food delivery services to transportation, by providing accurate and real-time data, enabling efficient and effective operations. Hardware and software solutions are continuously evolving to meet the demands of this growing market. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation Component Hardware Software Services Type Outdoor Indoor Geography North America Europe APAC South America Middle East And Africa 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ SOURCE Technavio
Advisors Asset Management Inc. lowered its holdings in shares of KeyCorp ( NYSE:KEY – Free Report ) by 47.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,712 shares of the financial services provider’s stock after selling 8,755 shares during the period. Advisors Asset Management Inc.’s holdings in KeyCorp were worth $163,000 at the end of the most recent reporting period. Other hedge funds and other institutional investors have also bought and sold shares of the company. Financial Advocates Investment Management boosted its position in shares of KeyCorp by 2.3% in the 3rd quarter. Financial Advocates Investment Management now owns 26,872 shares of the financial services provider’s stock worth $450,000 after purchasing an additional 602 shares in the last quarter. HM Payson & Co. raised its stake in KeyCorp by 27.0% during the third quarter. HM Payson & Co. now owns 3,060 shares of the financial services provider’s stock valued at $51,000 after buying an additional 650 shares during the last quarter. Graypoint LLC boosted its holdings in KeyCorp by 4.7% in the third quarter. Graypoint LLC now owns 14,954 shares of the financial services provider’s stock worth $250,000 after acquiring an additional 675 shares in the last quarter. Vontobel Holding Ltd. grew its stake in shares of KeyCorp by 2.1% in the third quarter. Vontobel Holding Ltd. now owns 33,728 shares of the financial services provider’s stock worth $565,000 after acquiring an additional 679 shares during the last quarter. Finally, Empirical Finance LLC increased its holdings in shares of KeyCorp by 2.2% during the third quarter. Empirical Finance LLC now owns 32,361 shares of the financial services provider’s stock valued at $542,000 after acquiring an additional 705 shares in the last quarter. Hedge funds and other institutional investors own 79.69% of the company’s stock. Analysts Set New Price Targets Several analysts recently commented on KEY shares. Wedbush increased their price objective on shares of KeyCorp from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. Morgan Stanley increased their price target on shares of KeyCorp from $18.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, August 14th. Royal Bank of Canada raised their price target on shares of KeyCorp from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. UBS Group upped their price objective on KeyCorp from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company lifted their target price on KeyCorp from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $18.26. KeyCorp Price Performance NYSE KEY opened at $19.48 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $19.31 billion, a P/E ratio of 1,948.00, a PEG ratio of 1.07 and a beta of 1.24. The company has a 50-day moving average price of $17.83 and a 200-day moving average price of $16.11. KeyCorp has a 52 week low of $12.22 and a 52 week high of $20.04. KeyCorp ( NYSE:KEY – Get Free Report ) last released its quarterly earnings results on Thursday, October 17th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.03. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. KeyCorp had a return on equity of 8.24% and a net margin of 0.76%. Equities research analysts anticipate that KeyCorp will post 1.09 earnings per share for the current year. KeyCorp Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Tuesday, December 3rd will be issued a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 4.21%. The ex-dividend date of this dividend is Tuesday, December 3rd. KeyCorp’s dividend payout ratio is currently 8,200.00%. Insider Buying and Selling In other news, insider Angela G. Mago sold 15,011 shares of KeyCorp stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $19.59, for a total transaction of $294,065.49. Following the sale, the insider now owns 234,582 shares in the company, valued at $4,595,461.38. This trade represents a 6.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website . Also, Director Carlton L. Highsmith sold 9,000 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $17.14, for a total transaction of $154,260.00. Following the completion of the transaction, the director now directly owns 37,864 shares in the company, valued at $648,988.96. This trade represents a 19.20 % decrease in their position. The disclosure for this sale can be found here . 0.61% of the stock is currently owned by company insiders. About KeyCorp ( Free Report ) KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States. It operates in two segments, Consumer Bank and Commercial Bank. The company offers various deposits, investment products and services; commercial leasing, investment management, consumer finance; and personal finance and financial wellness, student loan refinancing, mortgage and home equity, lending, credit card, treasury, business advisory, wealth management, asset management, cash management, portfolio management, and trust and related services to individuals and small and medium-sized businesses. Featured Articles Five stocks we like better than KeyCorp Consumer Discretionary Stocks Explained The Latest 13F Filings Are In: See Where Big Money Is Flowing Profitably Trade Stocks at 52-Week Highs 3 Penny Stocks Ready to Break Out in 2025 Why Invest in High-Yield Dividend Stocks? FMC, Mosaic, Nutrien: Top Agricultural Stocks With Big Potential Want to see what other hedge funds are holding KEY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KeyCorp ( NYSE:KEY – Free Report ). Receive News & Ratings for KeyCorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KeyCorp and related companies with MarketBeat.com's FREE daily email newsletter .The S&P 500 edged up by 2 points, or less than 0.1%, to set an all-time high for the 55th time this year. It's climbed in 10 of the last 11 days and is on track for one of its best years since the turn of the millennium. The Dow Jones Industrial Average slipped 76 points, or 0.2%, while the Nasdaq composite added 0.4% to its own record set a day earlier. AT&T rose 4.6% after it boosted its profit forecast for the year. It also announced a $10 billion plan to send cash to its investors by buying back its own stock, while saying it expects to authorize another $10 billion of repurchases in 2027. On the losing end of Wall Street was U.S. Steel, which fell 8%. President-elect Donald Trump reiterated on social media that he would not let Japan's Nippon Steel take over the iconic Pennsylvania steelmaker. Nippon Steel announced plans last December to buy the Pittsburgh-based steel producer for $14.1 billion in cash, raising concerns about what the transaction could mean for unionized workers, supply chains and U.S. national security. Earlier this year, President Joe Biden also came out against the acquisition. Tesla sank 1.6% after a judge in Delaware reaffirmed a previous ruling that the electric car maker must revoke Elon Musk's multibillion-dollar pay package. The judge denied a request by attorneys for Musk and Tesla's corporate directors to vacate her ruling earlier this year requiring the company to rescind the unprecedented pay package. All told, the S&P 500 rose 2.73 points to 6,049.88. The Dow fell 76.47 to 44,705.53, and the Nasdaq composite gained 76.96 to 19,480.91. In the bond market, Treasury yields held relatively steady after a report showed U.S. employers were advertising slightly more job openings at the end of October than a month earlier. Continued strength there would raise optimism that the economy could remain out of a recession that many investors had earlier worried was inevitable. The yield on the 10-year Treasury rose to 4.23% from 4.20% from late Monday. Yields have seesawed since Election Day amid worries that Trump's preferences for lower tax rates and bigger tariffs could spur higher inflation along with economic growth. But traders are still confident the Federal Reserve will cut its main interest rate again at its next meeting in two weeks. They're betting on a nearly three-in-four chance of that, according to data from CME Group. Lower rates can give the economy more juice, but they can also give inflation more fuel. The key report this week that could guide the Fed's next move will arrive on Friday. It's the monthly jobs report, which will show how many workers U.S. employers hired and fired during November. It could be difficult to parse given how much storms and strikes distorted figures in October. Based on trading in the options market, Friday's jobs report appears to be the biggest potential market mover until the Fed announces its next decision on interest rates Dec. 18, according to strategists at Barclays Capital. In financial markets abroad, the value of South Korea's currency fell 1.1% against the U.S. dollar following a frenetic night where President Yoon Suk Yeol declared martial law and then later said he'd lift it after lawmakers voted to reject military rule. Stocks of Korean companies that trade in the United States also fell, including a 1.6% drop for SK Telecom. Japan's Nikkei 225 jumped 1.9% to help lead global markets. Some analysts think Japanese stocks could end up benefiting from Trump's threats to raise tariffs, including for goods coming from China. Trade relations between the U.S. and China took another step backward after China said it is banning exports to the U.S. of gallium, germanium, antimony and other key high-tech materials with potential military applications. The counterpunch came swiftly after the U.S. Commerce Department expanded the list of Chinese technology companies subject to export controls to include many that make equipment used to make computer chips, chipmaking tools and software. The 140 companies newly included in the so-called "entity list" are nearly all based in China. In China, stock indexes rose 1% in Hong Kong and 0.4% in Shanghai amid unconfirmed reports that Chinese leaders would meet next week to discuss planning for the coming year. Investors are hoping it may bring fresh stimulus to help spur growth in the world's second-largest economy. In France, the CAC 40 rose 0.3% amid continued worries about politics in Paris, where the government is battling over the budget.CARSON, Calif. — Joseph Paintsil and Dejan Joveljic scored in the first half, and the LA Galaxy won their record sixth MLS Cup championship with a 2-1 victory over the New York Red Bulls on Saturday. After striking twice in the first 13 minutes of the final with goals from their star forwards, the Galaxy nursed their lead through a scoreless second half to raise their league's biggest trophy for the first time since 2014. MLS' most successful franchise struggled through most of the ensuing decade, even finishing 26th in the 29-team league last year. But the Galaxy turned everything around this season with a high-scoring new lineup that finished second in the Western Conference and then streaked through the playoffs with a whopping 18 goals in five games to win another crown. Sean Nealis scored for the seventh-seeded Red Bulls, whose improbable charge through the playoffs ended one win shy of its first Cup championship. With the league's youngest roster, New York fell just short of becoming the lowest-seeded team to win MLS' playoff tournament under first-year German coach Sandro Schwarz. Galaxy goalkeeper John McCarthy made four saves to win his second MLS title in three seasons. He was the MVP of the 2022 MLS Cup Final for the Galaxy's crosstown rival, Los Angeles FC. The Galaxy won this title without perhaps their most important player. Riqui Puig, the playmaking midfielder from Barcelona who ran their offense impressively all season long, tore a ligament in his knee last week in the Western Conference final. Puig watched the game in a suit, but his teammates hadn't forgotten him: After his replacement, Gastón Brugman, set up LA's opening goal with a superb pass, Paintsil held up Puig's jersey to their fans during the celebration. Paintsil put the Galaxy ahead in the ninth minute when he ran onto that sublime pass from Brugman and pounded home his 14th MLS goal — including four in the playoffs — in the Ghanaian forward's outstanding first season. Just four minutes later, Joveljic sprinted past four New York defenders and chipped home the 21st goal of his outstanding year as the Galaxy's striker. Nealis got New York on the scoreboard in the 28th minute when he volleyed home a ball that got loose in LA's penalty area after a corner. The Galaxy's usually shaky defense gave up another handful of good chances before reaching halftime with a tenuous lead. The second half was lively, but scoreless. Red Bulls captain Emil Forsberg hit the outside of the post in the 72nd minute, while Gabriel Pec and Galaxy substitute Marco Reus nearly converted chances a few moments later. The ball got loose again in the Galaxy's penalty area in the third minute of extra time, but two Red Bulls couldn't finish. The Galaxy bench rushed onto the field and prematurely celebrated a victory in the seventh minute of injury time, only to be herded back off for another 30 seconds of play. The Galaxy finished 17-0-3 this season at their frequently renamed suburban stadium, where the sellout crowd of 26,812 for the final included several robust cheering sections of traveling Red Bulls supporters hoping to see their New Jersey-based club's breakthrough on MLS' biggest stage. The Galaxy's Greg Vanney became the fourth coach to win an MLS title with two clubs. The former Galaxy player also won it all with Toronto in 2017. The club famous for employing global stars from David Beckham and Zlatan Ibrahimovic to Robbie Keane and Javier "Chicharito" Hernández rebuilt itself this season with lesser-known young talents from around the world. The Galaxy signed Pec from Brazil and the Ghanaian Paintsil out of Belgium, and the duo combined with incumbent Serbian striker Joveljic to form a potent attack that could outscore almost any MLS opponent. But the Galaxy also relied heavily on Puig, their Catalan catalyst and one of MLS' best players. Puig stayed in last week's game after injuring his knee, and he even delivered the decisive pass to Joveljic for the game's only goal. Get local news delivered to your inbox!
Luigi Mangione, accused of fatally shooting Brian Thompson, the CEO of UnitedHealthcare, pleaded not guilty on Dec. 23 in a Manhattan courtroom to multiple charges, including murder as an act of terrorism. Mangione, 26, also faces federal charges of murder and stalking that could carry the death penalty. For the state charges, the maximum sentence is life in prison without parole. Images appearing to be Mangione’s New York City Police Department (NYPD) mugshot went viral online amid his New York court appearance. Mangione was arrested by Altoona, Pennsylvania, police on Dec. 9 and was extradited to New York on Dec. 19 to face prosecution. Social media users sharing the image were critical of the NYPD because it appears like it was taken by a professional using “ photo shoot lighting .” Others questioned if it is real. This Threads post says , “NYPD official mug shot ARE WE KIDDING HERE ?!? Does Annie Liebovitz [sic] moonlight for the NYPD ?!?” Leibovitz is a famous portrait photographer. THE QUESTION Is the image of Mangione a real NYPD mugshot? THE SOURCES Statement from the New York Police Department (NYPD) Review of NYPD press releases and social media accounts 2019 Report to the New York Governor and State Legislature Booking photos released by the Pennsylvania Department of Corrections Maria Bivens, Pennsylvania Department of Corrections spokesperson VERIFY analysis of the viral fake mugshot RevEye , a reverse image search tool THE ANSWER No, the image of Mangione is not a real NYPD mugshot. WHAT WE FOUND The image circulating as an official NYPD mugshot of Luigi Mangione is fake and was likely created using artificial intelligence (AI). VERIFY reviewed the NYPD’s social media accounts and website and found no evidence the image was ever posted on official channels. While the NYPD has posted recent images of Mangione, such as his arrival in New York , they have not released any official booking or arrest photos. “The NYPD does not disseminate arrest photos unless we are attempting to locate an individual,” the department said in an email to VERIFY. It is unclear if Mangione even had a booking photo taken upon his arrival in New York. A 2019 New York state law prohibits the release of arrest or booking photos unless their disclosure serves as a specific law enforcement purpose. If an NYPD booking photo of Mangione exists, it likely would not have been made public. The only official booking photos of Mangione released so far were by the Pennsylvania Department of Corrections on Dec. 9 and Dec. 10 . Maria Bivens, the spokesperson with the Pennsylvania Department of Corrections, confirmed to VERIFY that the viral image was not distributed by their department. Using RevEye, a reverse image search tool, VERIFY found the viral image has never been published by credible news outlets as an official booking photo. It was also not published by the Manhattan District Attorney’s Office , which is prosecuting the case, or the Department of Justice , which brought the federal charges. There are clues that suggest the image was generated with AI. For instance, the mole on Mangione’s right cheek is misplaced in the fake image, and the white undershirt disappears entirely on one side of his neck. The Associated Press contributed to this report. Related Articles Online manifesto appearing to be penned by Luigi Mangione is fake Why we can’t VERIFY a chart showing UnitedHealthcare denies more claims than other insurers No, the McDonald’s worker who identified Luigi Mangione won’t automatically get paid the $60K reward The VERIFY team works to separate fact from fiction so that you can understand what is true and false. Please consider subscribing to our daily newsletter , text alerts and our YouTube channel . You can also follow us on Snapchat , Instagram , Facebook and TikTok . Learn More » Follow Us YouTube Snapchat Instagram Facebook TikTok Want something VERIFIED? Text: 202-410-8808
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