Tech stocks began Christmas week with positive momentum, as the Nasdaq 100 rose 0.4% on Monday, building on a 0.7% gain from Friday. The index has now recovered nearly half of the losses sustained following the Federal Reserve's recent policy meeting. Semiconductors stood out as the top-performing sector: iShares Semiconductor ETF SOXX jumping 2.3%. Broadcom Inc. AVGO , up 4.7% Advanced Micro Devices Inc. AMD , which surged 4.9%. Meanwhile, other major indices showed minimal movement in what appeared to be a session marked by low trading volumes. Consumer staples emerged as the weakest sector, with notable declines in major retailers. Dollar General Corp. DG dropped 3.3%, while Walmart Inc. WMT shed 2.8%. In economic news, U.S. consumer confidence fell sharply in December, with the index dropping 8.1 points to 104.7 amid worsening expectations in future economic conditions. The U.S. dollar index edged higher, mirroring a further surge in Treasury yields. The yield on the 10-year Treasury note rose 4 basis points to 4.57%, approaching its highest closing level since late May. In commodities, gold slipped 0.4%, set to break a two-session winning streak, while oil prices declined 1%. In the cryptocurrency market, Bitcoin BTC/USD fell 1.7% to around $93,000, eyeing its fifth loss in the past six sessions. Shares of MicroStrategy Inc. MSTR tumbled over 4% in their first trading session after the company's inclusion in the Nasdaq 100 index. Monday’s Performance In Major US Indices, ETFs Major Indices Price 1-day %chg Nasdaq 100 21,373.71 0.4% S&P 500 5,932.42 0.0% Russell 2000 2,232.71 -0.4% Dow Jones 42,620.75 -0.5% According to Benzinga Pro data: The SPDR S&P 500 ETF Trust SPY edged 0.1% higher to $592.12. The SPDR Dow Jones Industrial Average DIA eased 0.4% to $427.22. The tech-heavy Invesco QQQ Trust Series QQQ rose 0.4% to $520.67. The iShares Russell 2000 ETF IWM eased 0.4% to $221.06. The Technology Select Sector SPDR Fund XLK outperformed, up by 0.5%; the Consumer Staples Select Sector SPDR Fund XLP lagged, down 2%. Monday’s Stock Movers Novo Nordisk A/S NVO rose 3% following a 17.8% drop on Friday. The U.S. Food and Drug Administration announced on Monday that it has approved Hikma Pharmaceuticals’ generic version of Novo Nordisk’s Victoza for treating type 2 diabetes. New Fortress Energy Inc. NFE rallied 18%, after Stifel raised the stock price target from $16 to $18. Carnival Corp. CCL fell over 4% following a 6.4% post-earning rally Friday. Read now: History Suggests S&P 500 Could Struggle In 2025, But There’s Reason For Optimism Image: Shutterstock © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
NoneWASHINGTON (AP) — President-elect Donald Trump’s allies on Capitol Hill rallied around Pete Hegseth , Trump’s Pentagon pick, on Thursday even as new details surfaced about allegations that he had sexually assaulted a woman in 2017. The GOP embrace of Hegseth came as another controversial Trump nominee, Matt Gaetz, withdrew from consideration for attorney general. Gaetz said it was clear he had become a “distraction" amid pressure on the House to release an ethics report about allegations of his own sexual misconduct. An attorney for two women has said that his clients told House Ethics Committee investigators that Gaetz paid them for sex on multiple occasions beginning in 2017, when Gaetz was a Florida congressman. Fresh questions over the two nominees' pasts, and their treatment of women, arose with Republicans under pressure from Trump and his allies to quickly confirm his Cabinet. At the same time, his transition has so far balked at the vetting and background checks that have traditionally been required. While few Republican senators have publicly criticized any of Trump's nominees, it became clear after Gaetz's withdrawal that many had been harboring private concerns about him. Oklahoma Sen. Markwayne Mullin, who served with Gaetz in the House, said it was a “positive move.” Mississippi Sen. Roger Wicker said it was a “positive development.” Maine Sen. Susan Collins said Gaetz “put country first and I am pleased with his decision.” After meeting with Hegseth, though, Republicans rallied around him. “I think he’s going to be in pretty good shape,” said Wicker, who is expected to chair the Senate Armed Services Committee in the next Congress. Republican senators' careful words, and their early reluctance to publicly question Trump's picks, illustrated not only their fear of retribution from the incoming president but also some of their hopes that the confirmation process can proceed normally, with proper vetting and background checks that could potentially disqualify problematic nominees earlier. Gaetz withdrew after meeting with senators on Wednesday. Sen. Thom Tillis said Gaetz was “in a pressure cooker” when he decided to withdraw, but suggested that it would have little bearing on Trump’s other nominees. “Transactions — one at a time,” he said. As the Hegseth nomination proceeds, Republicans also appear to be betting that they won't face much backlash for publicly setting aside the allegations of sexual misconduct — especially after Trump won election after being found liable for sexual abuse last year. Hegseth held a round of private meetings alongside incoming Vice President JD Vance on Thursday in an attempt to shore up support and told reporters afterward: “The matter was fully investigated and I was completely cleared, and that’s where I’m gonna leave it.” A 22-page police report report made public late Wednesday offered the first detailed account of the allegations against him. A woman told police that she was sexually assaulted in 2017 by Hegseth after he took her phone, blocked the door to a California hotel room and refused to let her leave. The report cited police interviews with the alleged victim, a nurse who treated her, a hotel staffer, another woman at the event and Hegseth. Hegseth’s lawyer, Timothy Palatore, said the incident was “fully investigated and police found the allegations to be false.” Hegseth paid the woman in 2023 as part of a confidential settlement to head off the threat of what he described as a baseless lawsuit, Palatore has said. Wicker played down the allegations against Hegseth, a former Fox News host, saying that “since no charges were brought from the authorities, we only have press reports.” Sen. Bill Hagerty, R-Tenn., said after his meeting with Hegseth that he "shared with him the fact that I was saddened by the attacks that are coming his way.” Hagerty dismissed the allegations as “a he-said, she-said thing” and called it a “shame” that they were being raised at all. The senator said attention should instead be focused on the Defense Department that Hegseth would head. It's one of the most complex parts of the federal government with more than 3 million employees, including military service members and civilians. Sexual assault has been a persistent problem in the military, though Pentagon officials have been cautiously optimistic they are seeing a decline in reported sexual assaults among active-duty service members and the military academies. Wyoming Sen. John Barrasso, who will be the No. 2 Republican in the Senate next year, said after his meeting with Hegseth that the nominee is a strong candidate who “pledged that the Pentagon will focus on strength and hard power – not the current administration’s woke political agenda.” Senate Republicans are under pressure to hold hearings once they take office in January and confirm nominees as soon as Trump is inaugurated, despite questions about whether Trump’s choices will be properly screened or if some, like Hegseth, have enough experience for the job. Senate Armed Services Chairman Jack Reed, who will be the top Democrat on the panel next year, said the reports on Hegseth “emphasized the need for a thorough investigation by the FBI on the background of all the nominees.” It takes a simple majority to approve Cabinet nominations, meaning that if Democrats all opposed a nominee, four Republican senators would also have to defect for any Trump choice to be defeated. Trump has made clear he’s willing to put maximum pressure on Senate Republicans to give him the nominees he wants – even suggesting at one point that they allow him to just appoint his nominees with no Senate votes. But senators insist, for now, that they are not giving up their constitutional power to have a say. “The president has the right to make the nominations that he sees fit, but the Senate also has a responsibility for advice and consent,” said Republican Sen. Mike Rounds of South Dakota. In the case of Gaetz, he said, “I think there was advice offered rather than consent.” 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.* I am in favor of expansion, not just of the playoff, but of the number of thoughts in this column. 1. It’s the game we’ve been talking about for more than a year. 2. Seriously. 3. There has not been a time since Oregon joined the Big Ten that a huge showdown against Ohio State didn’t loom on the horizon. It’s become part of this team’s identity. 4. They’re “That Team Out West” remember. They’ve leaned all the way in. 5. First there was the Oct. 12 showdown in Eugene. Then the highly anticipated rematch in the Big Ten championship game that was only foiled by Ryan Day’s annual act of charity toward Michigan. 6. That makes their collision in the College Football Playoff quarterfinal at the Rose Bowl feel like something of an inevitability. Of course the Ducks would have to double down against Ohio State. The Buckeyes, it seems, are their cross to bear. 7. It’s like at the end of a game of H-O-R-S-E when your opponent yells, “Prove it!” 8. Yeah, the Ducks won the Big Ten. But were they really the best team? 9. So here we go again. 10. The Ducks opened as slight underdogs against the Buckeyes once again. Which is fine. But no team did more to scrub clean its public perception in the CFP’s disappointing first round than Ohio State. 11. The Buckeyes are getting the playoff boost of recency bias, while the Ducks ... What did they do, again? 12. It’s as if their convincing neutral-site win against Penn State on Dec. 7 — arguably their second-most impressive victory of the season, did not happen. 13. There are very real and reasonable questions about whether it’s better to have momentum from a playoff victory or the rest that comes with winning the conference championship game. 14. “To know that we already have a playoff win under our belt will give us confidence going into the game,” Day said during a coaches’ teleconference on Monday morning. 15. But it does seem as though Ohio State, left for dead after the loss to Michigan, is getting a major glow-up by virtue of winning a game that Oregon earned the right to avoid entirely. 16. That said, Ohio State absolutely dismantled Tennessee in its 42-17 win. Will Howard threw for 311 yards and three Buckeyes scored two touchdowns each. With Chip Kelly calling the plays, it was as thorough an offensive display as you could hope to see. 17. Dan Lanning spent time on Monday talking about the break being “kind of unique” but giving the Ducks “a little more time to evaluate coordinator philosophies.” 18. Hear that, Chip? The Ducks are onto you. 19. The Rose Bowl has to be absolutely delighted with this matchup, by the way. Not only is it a must-see rematch and a classic Big Ten-Pac-12 (1915-2024; RIP) showdown, but it’s a game that pits two of the premier marketing forces in college football against each another. 20. It’s the Branddaddy of Them All. 21. Or is that Phil Knight ? 22. We are only one round into the new CFP and folks are already calling the expansion a bust. Saying that the four opening-weekend losers had no business participating in a playoff and that we had it right when the field was limited to four teams. 23. I guess it’s worth mentioning that in literally any other system in the history of college football, Ohio State’s season would already be over. There would have been no path back from the loss to Michigan. 24. I get why Oregon fans may wish that were still the case. But that unease is exactly why the playoff is terrific. This system guarantees championship-level matchups throughout January. 25. The format needs tweaking, obviously. We all can agree that wrong teams had byes. But the playoff is working. It’s driving tons of attention — and discourse — while providing meaningful football for more teams and players late in the season. 26. Part of a playoff is earning your way through it, and sometimes that means beating teams you should beat. 27. My picks to make it through to the semifinals: the Ducks, Texas, Penn State and Notre Dame. 28. The Ducks get no such warm-up, and perhaps that is a disadvantage. 29. On the other hand, they haven’t just had three weeks to prepare for this matchup. 30. They’ve been working toward it for more than a year. -- Bill Oram is the sports columnist at The Oregonian/OregonLive.
CHARLOTTE, N.C. (AP) — Patrick Mahomes continues to build great chemistry with his tight end — just not the one you might think. Mahomes threw two touchdown passes to Noah Gray for the second straight week as the Kansas City Chiefs held off the Carolina Panthers 30-27 on Sunday. A week after losing at Buffalo, the two-time defending Super Bowl champion Chiefs (10-1) maintained their position atop the AFC. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.PNC Financial Services Group Inc. lifted its holdings in shares of Raymond James ( NYSE:RJF – Free Report ) by 3.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,391 shares of the financial services provider’s stock after purchasing an additional 3,150 shares during the quarter. PNC Financial Services Group Inc. owned 0.05% of Raymond James worth $13,029,000 at the end of the most recent quarter. Several other institutional investors have also modified their holdings of the business. Ceredex Value Advisors LLC raised its holdings in Raymond James by 191.3% during the 3rd quarter. Ceredex Value Advisors LLC now owns 722,393 shares of the financial services provider’s stock worth $88,464,000 after buying an additional 474,443 shares during the period. AGF Management Ltd. increased its position in shares of Raymond James by 17.2% during the second quarter. AGF Management Ltd. now owns 2,580,467 shares of the financial services provider’s stock worth $318,972,000 after acquiring an additional 378,033 shares in the last quarter. Earnest Partners LLC raised its holdings in shares of Raymond James by 5.9% during the first quarter. Earnest Partners LLC now owns 2,468,196 shares of the financial services provider’s stock worth $316,966,000 after acquiring an additional 138,075 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its position in Raymond James by 34.4% in the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 493,729 shares of the financial services provider’s stock valued at $60,462,000 after acquiring an additional 126,437 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Raymond James by 6.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,024,612 shares of the financial services provider’s stock worth $250,238,000 after purchasing an additional 113,826 shares during the period. Institutional investors own 83.83% of the company’s stock. Raymond James Trading Up 0.9 % Shares of NYSE:RJF opened at $165.18 on Friday. Raymond James has a 52-week low of $102.42 and a 52-week high of $165.42. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.99 and a current ratio of 1.02. The company has a market capitalization of $34.02 billion, a P/E ratio of 17.01, a price-to-earnings-growth ratio of 0.95 and a beta of 0.99. The company has a 50-day simple moving average of $139.90 and a 200 day simple moving average of $125.88. Analyst Upgrades and Downgrades A number of analysts have recently commented on the company. Bank of America boosted their price target on Raymond James from $136.00 to $152.00 and gave the company a “buy” rating in a report on Thursday, October 24th. The Goldman Sachs Group upped their price target on Raymond James from $125.00 to $142.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Jefferies Financial Group raised their price target on shares of Raymond James from $123.00 to $126.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. TD Cowen boosted their price objective on shares of Raymond James from $128.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Finally, JMP Securities raised their target price on shares of Raymond James from $146.00 to $150.00 and gave the company a “market outperform” rating in a research report on Thursday, October 24th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Raymond James has a consensus rating of “Hold” and a consensus target price of $140.91. View Our Latest Stock Analysis on Raymond James About Raymond James ( Free Report ) Raymond James Financial, Inc, a financial holding company, through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities, and the sale of mutual funds and other investment products in the United States, Canada, Europe, and internationally. The company operates through Private Client Group, Capital Markets, Asset Management, RJ Bank, and Other segments. Read More Receive News & Ratings for Raymond James Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Raymond James and related companies with MarketBeat.com's FREE daily email newsletter .
Direct interaction, innovative thinking necessary to survive in AI environment: IISc director
'I tested dozens of new perfumes and these are the 7 best evening scents that last all night'BOSTON (AP) — Forty years ago, Heisman Trophy winner Doug Flutie rolled to his right and threw a pass that has become one of college football’s most iconic moments. With Boston College trailing defending champion Miami, Flutie threw the Hail Mary and found receiver Gerard Phalen , who made the grab while falling into the end zone behind a pair of defenders for a game-winning 48-yard TD. Flutie and many of his 1984 teammates were honored on the field during BC’s game against North Carolina before the second quarter on Saturday afternoon, the anniversary of the Eagles’ Miracle in Miami. “There’s no way its been 40 years,” Flutie told The Associated Press on the sideline a few minutes before he walked out with some of his former teammates to be recognized after a video of The Play was shown on the scoreboards. It’s a moment and highlight that’s not only played throughout decades of BC students and fans, but around the college football world. “What is really so humbling is that the kids 40 years later are wearing 22 jerseys, still,” Flutie said of his old number. “That amazes me.” That game was played on national TV the Friday after Thanksgiving. The ironic thing is it was originally scheduled for earlier in the season before CBS paid Rutgers to move its game against Miami, thus setting up the BC-Miami post-holiday matchup. “It shows you how random some things are, that the game was moved,” Flutie said. “The game got moved to the Friday after Thanksgiving, which was the most watched game of the year. We both end up being nationally ranked and up there. All those things lent to how big the game itself was, and made the pass and the catch that much more relevant and remembered because so many people were watching.” There’s a statue of Flutie winding up to make The Pass outside the north gates at Alumni Stadium. Fans and visitors can often be seen taking photos there. “In casual conversation, it comes up every day,” Flutie said, when asked how many times people bring it up. “It brings a smile to my face every time we talk about it.” A week after the game-ending Flutie pass, the Eagles beat Holy Cross and before he flew off to New York to accept the Heisman. They went on to win the 49th Cotton Bowl on New Year’s Day. “Forty years seem almost like incomprehensible,” said Phalen, also standing on the sideline a few minutes after the game started. “I always say to Doug: ‘Thank God for social media. It’s kept it alive for us.”’ Earlier this week, current BC coach Bill O’Brien, 55, was asked if he remembered where he was 40 years ago. “We were eating Thanksgiving leftovers in my family room,” he said. “My mom was saying a Rosary in the kitchen because she didn’t like Miami and wanted BC to win. My dad, my brother and I were watching the game. “It was unbelievable,” he said. “Everybody remembers where they were for the Hail Mary, Flutie pass.” Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-footballIn conclusion, the incident involving Big Bear and the damaged infrared camera serves as a reminder of the importance of responsible wildlife photography and the need to respect the boundaries of nature. By following proper guidelines and maintaining a respectful distance from wildlife, we can ensure a positive and peaceful coexistence with these incredible creatures for generations to come.
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Inter beats Como and closes gap at the top of Serie A while Bove back on Fiorentina sideline
HENNIKER, N.H. — When Hector Xu learned to fly a helicopter in college, he recalled having a few “nasty experiences” while trying to navigate at night. The heart-stopping flights led to his research of unmanned aircraft systems while getting his doctorate degree in aerospace engineering at Massachusetts Institute of Technology. Then, he formed Rotor Technologies in 2021 to develop unmanned helicopters. Rotor built two autonomous Sprayhawks and aims to have as many as 20 ready for market next year. The company also is developing helicopters that would carry cargo in disaster zones and to offshore oil rigs. The helicopter also could be used to fight wildfires . A Rotor Technologies unmanned semi-autonomous helicopter flies away from a van containing a ground control pilot/operator during a Nov. 11 test flight over Intervale Airport in Henniker, N.H. For now, Rotor is focused on the agriculture sector, which embraced automation with drones but sees unmanned helicopters as a better way to spray larger areas with pesticides and fertilizers. “People would call us up and say, ‘Hey, I want to use this for crop dusting, can I?’ We’d say, OK maybe,” Xu said, adding that the company got enough calls to realize it was a huge untapped market. The Associated Press reporters were the first people outside the company to witness a test flight of the Sprayhawk. It hovered, flew forward and sprayed the tarmac before landing. Rotor's nearly $1 million Sprayhawk helicopter is a Robinson R44, but the four seats were replaced with flight computers and communications systems allowing it be operated remotely. It has five cameras as well as laser-sensing technology and a radar altimeter that make terrain reading more accurate along with GPS and motion sensors. At the company's hangar in Nashua, New Hampshire, Xu said this technology means there is better visibility of terrain at night. Hector Xu, CEO of Rotor Technologies, gestures during an interview Nov. 11 at the company's hanger where unmanned semi-autonomous helicopters are assembled in Nashua, N.H. One of the big draws of automation in agriculture aviation is safety. Because crop dusters fly at about 150 mph and only about 10 feet off the ground, there are dozens of accidents each year when planes collide with power lines, cell towers and other planes . Older, poorly maintained planes and pilot fatigue contribute to accidents. A 2014 report from the National Transportation Safety Board found there were more than 800 agriculture operation accidents between 2001 and 2010, including 81 that were fatal. A separate report from the National Agriculture Aviation Association found nearly 640 accidents from 2014 until this month, with 109 fatalities. “It is a very, very dangerous profession and there are multiple fatalities every year,” said Dan Martin, a research engineer with the U.S. Department of Agriculture's Agriculture Research Service. “They make all their money in those short few months so sometimes it may mean that they fly 10 to 12 hours a day or more.” Job hazards also include exposure to chemicals. A Rotor Technologies unmanned semi-autonomous helicopter sprays water during a Nov. 11 test flight over Intervale Airport in Henniker, N.H. In recent years, safety concerns and the cheaper cost has led to a proliferation of drones flying above farmers' fields, Martin said, adding that about 10,000 will likely be sold this year alone. The size of the drones and their limited battery power means they can cover only a fraction of the area of a plane and helicopters. That is providing an opening for companies building bigger unmanned aircraft like Rotor and another company, Pyka. California-based Pyka announced in August that it sold its first autonomous electric aircraft for crop protection to a customer in the U.S. Pyka's Pelican Spray, a fixed-wing aircraft, received FAA approval last year to fly commercially for crop protection. The company also sold its Pelican Spray to Dole for use in Honduras and to the Brazilian company, SLC Agrícola. Lukas Koch, chief technology officer at Heinen Brothers Agra Services, the company that bought the Pelican Spray in August, called unmanned aircraft part of a coming “revolution" that will save farmers money and improve safety. The Kansas-based company operates out of airports from Texas to Illinois. Koch doesn't envision the unmanned aircraft replacing all the the company's dozens of pilots but rather taking over the riskiest jobs. Joao Magioni, chief flight officer of Rotor Technologies, flies a simulated unmanned semi-autonomous helicopter Nov. 11 from the company's remote operations center in Nashua, N.H. The interface also can be used as a ground control station for real-time flight operations. “The biggest draw is taking the pilot out of the aircraft inside of those most dangerous situations,” Koch said. “There’s still fields that are surrounded by trees on all borders, or you’ve got big, large power lines or other just dangers, wind turbines, things like that. It can be tough to fly around.” Koch acknowledges autonomous aviation systems could introduce new dangers to an already chaotic airspace — though that is less of a concern in rural areas with plenty of open space and fewer people. Companies like Rotor incorporated built-in in contingencies should something go wrong — its helicopter features a half-dozen communications systems and, for now, a remote pilot in control. If the ground team loses contact with the helicopter, Rotor has a system that ensures the engine can be shut off and the helicopter perform a controlled landing. “That means that we’ll never have an aircraft fly away event," Xu said. The safety measures will go a long way to helping the company receive what it expects will be FAA regulatory approval to fly its helicopters commercially. Once it has that, the challenge, as Xu sees it, will be scaling up to meet the demand in the U.S. but also Brazil, which has a huge agriculture market but more relaxed regulatory environment. Avionics Technician John Beto installs components Nov. 11, 2024, in the cockpit of an unmanned semi-autonomous helicopter being built in a hanger at Rotor Technologies in Nashua, N.H. Test pilot Joao Magioni, seated left, talks with production manager Brett Worden while preparing for a Nov. 11, 2024, flight of a Rotor Technologies unmanned semi-autonomous helicopter in a hanger at Intervale Airport in Henniker, N.H. A Rotor Technologies unmanned semi-autonomous helicopter flies away from a van containing a ground control pilot/operator during a Nov. 11, 2024, test flight over Intervale Airport in Henniker, N.H. A Rotor Technologies unmanned semi-autonomous helicopter flies Nov. 11, 2024, near Pat's Peak ski area during a test flight over Intervale Airport in Henniker, N.H. Joao Magioni, chief flight officer of Rotor Technologies, flies a simulated unmanned semi-autonomous helicopter Nov. 11, 2024, from the company's remote operations center in Nashua, N.H. The interface also can be used as a ground control station for real-time flight operations. A Rotor Technologies unmanned semi-autonomous helicopter sprays water during a Nov. 11, 2024, test flight over Intervale Airport in Henniker, N.H. With communications and control components installed where a pilot would sit, Brett Worden, production manager at Rotor Technologies, carries a spray boom following a Nov. 11, 2024, test flight of an unmanned semi-autonomous helicopter at Intervale Airport in Henniker, N.H. Christian Nowosiadly and his son Logan, 5, look at an autonomous helicopter Nov. 11, 2024, at a hanger at Rotor Technologies in Nashua, N.H. Receive the latest in local entertainment news in your inbox weekly!U.S. stocks could start their year-end rally as early as this week, a top Wall Street analyst suggested Friday, as markets break out of their post-election malaise and power toward what could be a record year for the S&P 500. Goldman Sachs analyst Scott Rubner, the bank's global markets managing director who earlier this month pegged a year-end target for the S&P 500 of 6,300 points, says stocks are set for a solid holiday season bounce following a week in which the benchmark has gained around 1.3% to take its 2024 advance past 24%. "US equities have been in a consolidation phase all week, which is typical going back to 1928," Rubner said in a client note published Friday. "Next week typically starts the year-end rally, including some of the best trading days of the year into Thanksgiving.” Rubner said the year-end rally in an election year "typically extends into early January" before "typically fading right before Inauguration Day” on Jan. 20. Goldman Sachs data, which track the market's performance from Election Day to the end of the year going back to 1928, notes a 3.4% average gain for the S&P 500. Michael M. Santiago/Getty Images This year the benchmark has printed more than 50 all-time highs and added nearly $6 trillion in overall market value and is on pace to deliver the best year-on-year advance in history. Stocks bull-market trend is continuing Wall Street analysts, many of whom are issuing new forecasts for 2025, are uniformly bullish on stocks heading into year-end, citing the combined impact of Federal Reserve interest-rate cuts, a resilient domestic economy, and pro-growth policy proposals from President-elect Donald Trump's incoming administration. Mary Ann Bartels, chief investment strategist at Sanctuary Wealth, sees the gains lasting even longer. Related: Nvidia earnings adjust chances for S&P 500 record year "We are in a secular bull market [and] we believe this bull trend has another five years," she said, adding that "the current phase is similar to the period of 1995-2000 and possibly from 1925-1929." During the mid-1990s, which Bartels described as the "first advancement to the Digital Era," stocks rallied 20% for five years straight while weathering outsized corrections tied to an Asia currency crisis and the collapse of the Long Term Capital Management hedge fund. Longer-term S&P target: 10,000? "For 2025, we expect the S&P 500 to continue its gains with a target range of 7200 to 7400 points," she argued, citing levels indicating a 24% gain from Friday's close on Wall Street. "But we believe the longer-term track is for the S&P 500 over the back end of the decade to reach 8,000-10,000 points," she added. "We believe this is fundamentally driven by the productivity gains from AI and a strong U.S. economy, aided by maintaining lower corporate taxes, lower interest rates, and the ongoing stimulus from the Biden Administration’s pieces of legislation that allows companies to continue to post strong earnings growth." Related: Analyst revamps S&P 500 target for 2025 Collective third-quarter profits for the S&P 500 are set to rise 8.8% from last year to $527.4 billion and are forecast to add another 9.8% over the final three months of the 2024. More Wall Street Analysts: LSEG data also suggest earnings will rise 14.1% next year, and a recent Wells Fargo update forecast the benchmark's overall profits at $275 a share amid the potential for new corporate tax cuts and looser regulation from the Trump administration. Goldman Sachs, meanwhile, sees the U.S. economy growing 2.5% next year, an above-trend forecast tied in part to a resilient labor market, slowing inflation pressures and robust consumer spending. Related: Veteran fund manager sees world of pain coming for stocks
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Another point of contention between Zelensky and Trump is the issue of territorial concessions. The Ukrainian president has made it clear that any peace deal must not compromise Ukraine's territorial integrity or undermine the country's sovereignty. Trump's peace talk initiative reportedly included proposals that could potentially weaken Ukraine's position in negotiations with Russia, a prospect that Zelensky is unwilling to entertain.