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2025-01-30
Jewish Museum Acquires Ruth Patir’s Never-Shown Venice Biennale EntryNEW YORK (AP) — A slide for market superstar Nvidia on Monday knocked Wall Street off its big rally and helped drag U.S. stock indexes down from their records. The S&P 500 fell 0.6%, coming off its 57th all-time high of the year so far. The Dow Jones Industrial Average dipped 240 points, or 0.5%, and the Nasdaq composite pulled back 0.6% from its own record. Nvidia’s fall of 2.5% was by far the heaviest weight on the S&P 500 after China said it’s investigating the company over suspected violations of Chinese anti-monopoly laws. Nvidia has skyrocketed to become one of Wall Street’s most valuable companies because its chips are driving much of the world’s move into artificial-intelligence technology. That gives its stock’s movements more sway on the S&P 500 than nearly every other. Nvidia’s drop overshadowed gains in Hong Kong and for Chinese stocks trading in the United States on hopes that China will deliver more stimulus for the world’s second-largest economy. Roughly three in seven of the stocks in the S&P 500 also rose. The week’s highlight for Wall Street will arrive midweek when the latest updates on inflation arrive. Economists expect Wednesday’s report to show the inflation that U.S. consumers are feeling remained stuck at close to the same level last month. A separate report on Thursday, meanwhile, could show an acceleration in inflation at the wholesale level. They’re the last big pieces of data the Federal Reserve will get before its meeting next week on interest rates. The widespread expectation is still that the central bank will cut its main interest rate for the third time this year. The Fed has been easing its main interest rate from a two-decade high since September to offer more help for the slowing job market, after bringing inflation nearly all the way down to its 2% target. Lower interest rates can ease the brakes off the economy, but they can also offer more fuel for inflation. Expectations for a series of cuts from the Fed have been a major reason the S&P 500 has set so many all-time highs this year. “Investors should enjoy this rally while it lasts—there’s little on the horizon to disrupt the momentum through year-end,” according to Mark Hackett, chief of investment research at Nationwide, though he warns stocks could stumble soon because of how overheated they’ve gotten. On Wall Street, Interpublic Group rose 3.6% after rival Omnicom said it would buy the marketing and communications firm in an all-stock deal. The pair had a combined revenue of $25.6 billion last year. Omnicom, meanwhile, sank 10.2%. Macy’s climbed 1.8% after an activist investor, Barington Capital Group, called on the retailer to buy back at least $2 billion of its own stock over the next three years and make other moves to help boost its stock price. Super Micro Computer rose 0.5% after saying it got an extension that will keep its stock listed on the Nasdaq through Feb. 25, as it works to file its delayed annual report and other required financial statements. Earlier this month, the maker of servers used in artificial-intelligence technology said an investigation found no evidence of misconduct by its management or by the company’s board following the resignation of its public auditor . All told, the S&P 500 fell 37.42 points to 6,052.85. The Dow dipped 240.59 to 4,401.93, and the Nasdaq composite lost 123.08 to 19,736.69. In the oil market, a barrel of benchmark U.S. crude rallied 1.7% to settle at $68.37 following the overthrow of Syrian leader Bashar Assad, who sought asylum in Moscow after rebels. Brent crude, the international standard, added 1.4% to $72.14 per barrel. The price of gold also rose 1% to $2,685.80 per ounce amid the uncertainty created by the end of the Assad family’s 50 years of iron rule. In stock markets abroad, the Hang Seng jumped 2.8% in Hong Kong after top Chinese leaders agreed on a “moderately loose” monetary policy for the world’s second-largest economy. That’s a shift away from a more cautious, “prudent” stance for the first time in 10 years. A major planning meeting later this week could also bring more stimulus for the Chinese economy. U.S.-listed stocks of several Chinese companies climbed, including a 12.4% jump for electric-vehicle company Nio and a 7.4% rise for Alibaba Group. Stocks in Shanghai, though, were roughly flat. In Seoul, South Korea’s Kospi slumped 2.8% as the fallout continues from President Yoon Suk Yeol ’s brief declaration of martial law last week in the midst of a budget dispute. In the bond market, the yield on the 10-year Treasury rose to 4.19% from 4.15% late Friday. AP Business Writers Matt Ott and Elaine Kurtenbach contributed.haha 777 games

Vikings escape with 30-27 win over Bears in overtime thrillerBaker Mayfield mocks Tommy DeVito's celebration as the Bucs embarrass the Giants 30-7How Cirque du Soleil Is Crafting the ‘Dreamlike’ Music Behind New Aquatic Spectacle In Nuevo VallartaA founding member of the and long-time critic of Donald Trump’s use of the group’s song is performing the 70s anthem at the president-elect’s upcoming inauguration. also allow the president-elect to continue using the song at events. continued use of because he seems to genuinely, genuinely like the song, and so many other artists were stopping him from using their music,” Willis told Fox Thursday. Willis had for years demanded that Trump stop using the song, which is often performed by the , an odd choice for a man opposed to the LGBTQ community. Willis added: “I decided to contact BMI [Broadcast Music, Inc.] and told them not to terminate his political use license because he seemed to be bringing so much joy to the American people with his use of .” Trump’s wooden dance moves to the song have gone viral across social media and even prompted responses in the world of sports. Willis sang and co-wrote the tune, and now says Trump’s use of it has contributed to it hitting the sales charts again 46 years after its initial release. The founding member of the Village People previously condemned Trump’s use of the song as well as He earlier said that the group would prefer the song be “kept out of politics.” But comeback has led some to speculate that the band may perform at Trump’s inauguration in January. “If you were to ask me today if the Village People would perform at the inauguration, I would probably say not because we’d be concerned about endorsement” of Trump, Willis told Fox. “However, because the president-elect has done so much for and brought so much joy to so many people, the song has actually gone back to number one [in sales], and it’s still number one today, so if he were to ask the Village People to perform the song live for him, we’d have to seriously consider it,” he added. He noted: “The financial benefits have been great ... is estimated to have grossed several million dollars since the President Elect’s continued use of the song. Therefore, I’m glad I allowed the President Elect’s continued use of ., And I thank him for choosing to use my song.” Willis has rejected the notion that the song is a gay anthem. He urged those thinking the song isn’t intended as straight to “get their minds out of the gutter.” “Come January 2025, my wife will start suing each and every news organization that falsely refers to , either in their headlines or alluded to in the base of the story, that is somehow a gay anthem because such notion is based solely on the song’s lyrics alluding to elicit [sic] activity for which it does not,” he declared on Facebook. The song’s lyrics refer to young men new in a city heading to the YMCA gym and rooming to “hang out with all the boys” and “do whatever you feel.” But Willis argued on Facebook that the line “you can hang out with all the boys” is “simply 1970s Black slang for Black guys hanging out together for sports, gambling or whatever. There’s nothing gay about that,” he insisted. But, he added: “I don’t mind that gays think of YMCA as their anthem.”

Dozens killed in renewed sectarian violence in Pakistan

Penny acquitted in NYC killingYourUpdateTV Speaks with Toy Trends Specialist Jennifer Lynch from the Toy Association

The rapid increase in satellites and space junk will make low Earth orbit unusable unless companies and countries cooperate and share the data needed to manage that most accessible region of space, experts and industry insiders said. A United Nations panel on space traffic coordination in late October determined that urgent action was necessary and called for a comprehensive shared database of orbital objects as well as an international framework to track and manage them. More than 14,000 satellites including some 3,500 inactive surround the globe in low Earth orbit, showed data from U.S.-based Slingshot Aerospace. Alongside those are about 120 million pieces of debris from launches, collisions and wear-and-tear of which only a few thousand are large enough to track. "There's no time to lose on space traffic coordination. With so many objects being launched into space, we have to do everything we can to ensure space safety, and that means facilitating the sharing of information between operators, be they public or private, in order to avoid collisions," said panel co-chair Aarti Holla-Maini, director of the United Nations Office for Outer Space Affairs. Low Earth orbit must remain safe to prevent costly disruption to the technology behind global communication, navigation and scientific exploration, she said. Yet there is no centralized system that all space-faring nations can leverage and even persuading them to use such a system has many obstacles. Whereas some countries are willing to share data, others fear compromising security, particularly as satellites are often dual-use and include defense purposes. Moreover, enterprises are keen to guard commercial secrets. In the meantime, the mess multiplies. A Chinese rocket stage exploded in August, adding thousands of fragments of debris to low Earth orbit. In June, a defunct Russian satellite exploded, scattering thousands of shards which forced astronauts on the International Space Station to take shelter for an hour. Low Earth orbit is the region most congested with human-made objects as it offers a balance between cost and proximity, making it a prime target for the rapidly growing commercial space sector. It has also seen a 17% rise in close approaches per satellite over the past year, Slingshot data showed. Projections point to tens of thousands more satellites entering orbit in the coming years. The potential financial risk of collisions is likely to be $556 million over five years, based on a modeled scenario with a 3.13% annual collision probability and $111 million in yearly damages, said Montreal-based NorthStar Earth & Space. "We are at a critical point with respect to putting regulations and structure in space to monitor and manage the growing congestion. With Starlink launching thousands of satellites per year, China and others preparing to follow, we will soon push the bearing capacity of prime orbits," said NorthStar CEO Stewart Bain. RISKY BUSINESS Low Earth orbit is densely packed, with bands such as the one for satellite internet service Starlink from commercial space company SpaceX - at an altitude of 540–570 km. As of Nov. 27, Starlink had 6,764 satellites in orbit, Jonathan's Space Report showed. SpaceX data showed Starlink satellites performed nearly 50,000 collision-avoidance maneuvers in the first half of 2024, about double the previous six months. SpaceX did not respond to a Reuters request for comment. The European Space Agency, which has fewer spacecraft than SpaceX, said in 2021 its maneuvers have increased to three or four times per craft versus a historical average of one. The 800–900 km band contains fewer satellites but has 3,114 objects - including operational and non-operational payloads, rocket bodies and fragments - which make up 20% of the total mass of objects in low Earth orbit, posing significant collision risk, LeoLabs data showed. Expired satellites add to the clutter as they stay in orbit until they fall into - and burn up in - Earth's atmosphere years later or are flown to a "graveyard orbit" some 36,000 km away. Russia drew global criticism in November 2021 when it test fired a missile at a defunct satellite in orbit, creating thousands of fragments of debris. Russia invaded Ukraine three months after the test. "The potential for conflicts between states has been on a steep rise in the recent past. If these extend to space it could complicate the outer space environment. We urgently need common global rules for coordination," said Anirudh Sharma, CEO of Bengaluru-based Digantara, which specializes in space situational awareness. FINAL FRONTIER The U.N.'s Holla-Maini, whose office serves as secretariat for the Committee on the Peaceful Uses of Outer Space, said the October panel aimed to bring together public- and private-sector experts to outline steps needed to start work on coordination. It will present its findings at a committee meeting next year. Global cooperation is essential to developing enforceable rules akin to those used by the International Civil Aviation Organization for air traffic, industry experts told Reuters. Such effort would involve the use of existing tools, such as databases, telescopes, radars and other sensors to track objects while improving coverage, early detection and data precision. Yet geopolitical tension and reluctance to share data with nations deemed unfriendly as well as commercial concerns over protecting proprietary information and competitive advantages remain significant barriers. That leaves operators of orbital equipment relying on informal or semi-formal methods of avoiding collisions, such as drawing on data from the U.S. Space Force or groups like the Space Data Association. However, this can involve issues such as accountability and inconsistent data standards. "The top challenges are speed - as consensus-building takes time - and trust," Holla-Maini said. "Some countries simply can't communicate with others, but the U.N. can facilitate this process. Speed is our biggest enemy, but there's no alternative. It must be done."

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