
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The euro rallied on Thursday as French government bonds steadied a day after the collapse of France's government, even as bitcoin soared to a record past $100,000, with investors cheering the nomination of a pro-cryptocurrency head to run the U.S. Securities and Exchange Commission. The spread between French and German 10-year yields narrowed on Thursday to 76.9 basis points, the tightest gap since Nov. 22. That has helped support the euro. Despite Thursday's gains, however, the euro was on track to post a loss this week, the fourth in the last five weeks. French President Emmanuel Macron met allies and parliament leaders on Thursday as he sought to swiftly appoint a new prime minister to replace Michel Barnier, who officially resigned a day after opposition lawmakers voted to oust his government. "The market is looking at the financial implications of the French government's collapse. The takeaway seems to be that it's not as impactful to the spending plans as initially thought, and that's keeping the euro alive," said Amo Sahota, executive director at FX consulting firm Klarity FX. "We saw a lot of similarities when Greece is going through a lot of political instability and that could be a major drag on the euro zone. We got two large economies within the euro zone with struggling governments: France and Germany and analysts are concerned about the euro and they have already lowered their projections as a result." Germany was thrown into political disarray by the collapse of Chancellor Olaf Scholz's coalition last month as well as disagreements over government spending. The euro was last up 0.6% at $1.0567, further moving away from the two-year low of $1.0332 hit at the end of November as traders braced for a drawn-out reckoning for France. In terms of technical factors, Shaun Osborne, chief FX strategist at Scotiabank in Toronto, said the positive short-term price action on Wednesday coupled with moderate gains through the low $1.05s on Thursday, have given "the euro a shot at extending a little higher to test key resistance and potential bull trigger at $1.0590." Traders are also all but certain the European Central Bank will cut interest rates next week and are pricing in around 157 basis points of easing by the end of 2025. Meanwhile, bitcoin, the world's best known cryptocurrency, has been on a tear since November on expectations that Donald Trump's U.S. presidential election win will usher in a friendly regulatory environment for cryptocurrencies. It rose to an all-time high of $103,649 in Asian hours, boosted in part by President-elect Trump's nomination of pro-crypto Paul Atkins to run the SEC. It was last up 1.3% at $99,147, taking its year-to-date gains to more than 130%. "With a better U.S. regulatory environment and next-generation stablecoins driving adoption in Europe, we believe bitcoin and the broader crypto market could continue to go from strength to strength," wrote Arnoud Star Busmann, chief executive of Quantoz Payments, a Netherlands-based payments technology company. YEN ON THE RISE In Asia, the Japanese yen rose as high as 149.66 per dollar but was last up 0.4% at 150.01 as traders pondered whether the Bank of Japan will hike interest rates later this month. Analysts said comments from typically dovish policymaker Toyoaki Nakamura that he's not opposed to rate hikes helped push the currency higher. Expectations had been growing that the BOJ will hike rates at its Dec. 18-19 meeting, bolstered by comments from Governor Kazuo Ueda, although media reports published on Wednesday suggested the BOJ may skip a rate hike this month. The South Korean won dipped slightly as the nation's finance ministry said the government would activate 40 trillion won ($28.35 billion) worth of market stabilization funds after the chaos that followed President Yoon Suk Yeol's martial law declaration on Tuesday, which he rescinded hours later. The won was last down 0.2% at 1,413 per U.S. dollar. The dollar index, which measures the U.S. currency against six rivals, fell 0.6% to 105.74. It extended losses after data showed initial claims for state unemployment benefits rose 9,000 to a seasonally adjusted 224,000 for the week ended Nov. 30. Economists polled by Reuters had forecast 215,000 claims for the latest week. The spotlight will be on Friday's U.S. nonfarm payrolls report for November, which is expected to show 200,000 jobs added in the month, according to a Reuters survey, after only 12,000 jobs were created in October, the lowest number since December 2020. Bets on Fed rate cuts held broadly steady, however, partly influenced by Wednesday's weaker-than-expected services sector data and the higher-than-expected jobless claims. Markets are pricing in about a 70% chance of a 25-bp rate cut later this month, and a 30% chance of a pause. Currency bid prices at 5 December 09:06 p.m. GMT Descripti RIC Last U.S. Pct YTD Pct High Low on Close Change Bid Bid Previous Session Dollar 105.74 106.34 -0.54% 4.31% 106.37 105. index 69 Euro/Doll 1.0583 1.0509 0.7% -4.13% $1.059 $1.0 ar 509 Dollar/Ye 150.09 150.49 -0.29% 6.39% 150.76 149. n 69 Euro/Yen 158.85 158.29 0.35% 2.07% 159.38 157. 57 Dollar/Sw 0.8786 0.8847 -0.68% 4.41% 0.8852 0.87 iss 79 Sterling/ 1.2749 1.2702 0.38% 0.19% $1.2771 $1.2 Dollar 696 Dollar/Ca 1.4026 1.4074 -0.33% 5.82% 1.4078 1.40 nadian 11 Aussie/Do 0.6449 0.643 0.31% -5.4% $0.6455 $0.6 llar 422 Euro/Swis 0.9298 0.9292 0.06% 0.13% 0.9322 0.92 s 91 Euro/Ster 0.8298 0.8277 0.25% -4.27% 0.83 0.82 ling 73 NZ 0.5883 0.5852 0.57% -6.87% $0.5886 0.58 Dollar/Do 49 llar Dollar/No 11.0336 11.0513 -0.16% 8.87% 11.0809 11.0 rway 11 Euro/Norw 11.6831 11.6168 0.57% 4.09% 11.692 11.6 ay 124 Dollar/Sw 10.8522 10.9227 -0.65% 7.8% 10.9454 10.8 eden 5 Euro/Swed 11.4844 11.4815 0.03% 3.23% 11.5235 11.4 en 83 (Reporting by Gertrude Chavez-Dreyfuss; Additional reporting by Harry Robertson in London and Ankur Banerjee in Singapore; Editing by Shri Navaratnam, Tom Hogue, Sherry Jacob-Phillips, Susan Fenton, Frances Kerry, and Alexandra Hudson)
Astyra Corporation Shines as a Top Fast-Growing Inner-City Company in AmericaMusk has until Monday to respond to SEC Twitter settlement, source says
NoneIt looked like a recipe for disaster. So, when his country's swimmers were being accused of doping earlier this year, one Chinese official cooked up something fast. He blamed it on contaminated noodles. In fact, he argued, it could have been a culinary conspiracy concocted by criminals, whose actions led to the cooking wine used to prepare the noodles being laced with a banned heart drug that found its way into an athlete's system. This theory was spelled out to international anti-doping officials during a meeting and, after weeks of wrangling, finally made it into the thousands of pages of data handed over to the lawyer who investigated the case involving 23 Chinese swimmers who had tested positive for that same drug. The attorney, appointed by the World Anti-Doping Agency, refused to consider that scenario as he sifted through the evidence. In spelling out his reasoning, lawyer Eric Cottier paid heed to the half-baked nature of the theory. "The Investigator considers this scenario, which he has described in the conditional tense, to be possible, no less, no more," Cottier wrote. Even without the contaminated-noodles theory, Cottier found problems with the way WADA and the Chinese handled the case but ultimately determined WADA had acted reasonably in not appealing China's conclusion that its athletes had been inadvertently contaminated. Critics of the way the China case was handled can't help but wonder if a wider exploration of the noodle theory, details of which were discovered by The Associated Press via notes and emails from after the meeting where it was delivered, might have lent a different flavor to Cottier's conclusions. "There are more story twists to the ways the Chinese explain the TMZ case than a James Bond movie," said Rob Koehler, the director general of the advocacy group Global Athlete. "And all of it is complete fiction." In April, reporting from the New York Times and the German broadcaster ARD revealed that the 23 Chinese swimmers had tested positive for the banned heart medication trimetazidine, also known as TMZ. China's anti-doping agency determined the athletes had been contaminated, and so, did not sanction them. WADA accepted that explanation, did not press the case further, and China was never made to deliver a public notice about the "no-fault findings," as is often seen in similar cases. The stock explanation for the contamination was that traces of TMZ were found in the kitchen of a hotel where the swimmers were staying. In his 58-page report, Cottier relayed some suspicions about the feasibility of that chain of events — noting that WADA's chief scientist "saw no other solution than to accept it, even if he continued to have doubts about the reality of contamination as described by the Chinese authorities." But without evidence to support pursuing the case, and with the chance of winning an appeal at almost nil, Cottier determined WADA's "decision not to appeal appears indisputably reasonable." A mystery remained: How did those traces of TMZ get into the kitchen? Shortly after the doping positives were revealed, the Institute of National Anti-Doping Organizations held a meeting on April 30 where it heard from the leader of China's agency, Li Zhiquan. Li's presentation was mostly filled with the same talking points that have been delivered throughout the saga — that the positive tests resulted from contamination from the kitchen. But he expanded on one way the kitchen might have become contaminated, harkening to another case in China involving a low-level TMZ positive. A pharmaceutical factory, he explained, had used industrial alcohol in the distillation process for producing TMZ. The industrial alcohol laced with the drug "then entered the market through illegal channels," he said. The alcohol "was re-used by the perpetrators to process and produce cooking wine, which is an important seasoning used locally to make beef noodles," Li said. "The contaminated beef noodles were consumed by that athlete, resulting in an extremely low concentration of TMZ in the positive sample. "The wrongdoers involved have been brought to justice." This new information raised eyebrows among the anti-doping leaders listening to Li's report. So much so that over the next month, several emails ensued to make sure the details about the noodles and wine made their way to WADA lawyers, who could then pass it onto Cottier. Eventually, Li did pass on the information to WADA general counsel Ross Wenzel and, just to be sure, one of the anti-doping leaders forwarded it, as well, according to the emails seen by the AP. All this came with Li's request that the noodles story be kept confidential. Turns out, it made it into Cottier's report, though he took the information with a grain of salt. "Indeed, giving it more attention would have required it to be documented, then scientifically verified and validated," he wrote. Neither Wenzel nor officials at the Chinese anti-doping agency returned messages from AP asking about the noodles conspiracy and the other athlete who Li suggested had been contaminated by them. Meanwhile, 11 of the swimmers who originally tested positive competed at the Paris Games earlier this year in a meet held under the cloud of the Chinese doping case. Though WADA considers the case closed, Koehler and others point to situations like this as one of many reasons that an investigation by someone other than Cottier, who was hired by WADA, is still needed. "It gives the appearance that people are just making things up as they go along on this, and hoping the story just goes away," Koehler said. "Which clearly it has not." Be the first to know Get local news delivered to your inbox!President Biden’s Sunday move to pardon his son Hunter weeks before he was set to be sentenced for his federal convictions served as Jon Stewart’s comedy fodder this week. During Monday’s episode of “The Daily Show,” the guest host said that while he respects Biden’s decision to protect his son, the sweeping pardon is a knock for Democrats because they framed Biden’s prior insistence on respecting the outcome of his son’s trial as their “Mason-Dixon line of morality.” “Hypocrisy isn’t illegal. Nor is it particularly unusual in politics,” Stewart said. “It’s not like he’s ever going to run again, so why not take care of your kid, even if you said weren’t gonna. I respect it, I don’t have a problem with it. “The problem is the rest of the Democrats made Biden’s pledge to not pardon Hunter the foundation of their defense of America, this grand experiment,” he added before playing several clips of Democratic lawmakers using Biden’s promise as a moral threshold. Stewart then showed news clips that he said depicted “the dance Democrats have to do” in response to Biden’s switch-up. “Be honest, the only reason why they went after Hunter the way they did — and I’ve talked to many federal prosecutors about this — is because he’s the president’s son,” Rep. Josh Gottheimer (D-N.J.) said in one of the clips. Biden used a similar defense in a Sunday statement explaining his decision to issue the pardon, which effectively rolled back his son’s convictions in two federal cases relating to gun ownership and taxes. “I believe in the justice system, but as I have wrestled with this, I also believe raw politics has infected this process and it led to a miscarriage of justice,” he said. “I hope Americans will understand why a father and a President would come to this decision.” Later in his opening monologue, Stewart also joked about the timing of Biden’s announcement, which came over Thanksgiving weekend. Stewart did not reserve his digs for the Democrats, whom he conceded “have a tougher road of defending our institutions and systems as being flawed, but still valuable.” Whereas, Republicans, he said, “just run on blowing this s— up.” He also mocked President-elect Donald Trump’s response to Biden’s pardon. Trump asked on his social media platform Truth Social if Biden’s decision also includes Jan. 6 insurrection “hostages.” He also characterized Biden’s decision as “an abuse and miscarriage of Justice.” “Oh, you pardoned your son?” Stewart said, pantomiming the former president. “Well, what about the people who tried to help me overthrow the government? That’s kind of a leap there. It’s like going, you know, ‘Oh you’re going to let the kids stay up to watch “SNL,” but you’re not even going to try to help me burn the neighbor’s house down?’ ” Along with Stewart, several other late-night hosts chimed in with their own pardon-related jabs Monday night. “It was a big shopping weekend, and millions of people got great deals,” Jimmy Fallon said on “The Tonight Show.” “But nobody got a better deal than Hunter Biden.” Fox News contributor Tyrus kept the holiday theme going on “Gutfield,” quipping, “Christmas came early for this guy.”
PHILADELPHIA , Dec. 19, 2024 /PRNewswire/ -- FMC Corporation (NYSE: FMC) announced today it will release its fourth quarter 2024 earnings on Tuesday, February 4, 2025 , after the stock market close via PR Newswire and the company's website https://investors.fmc.com . The company will host a webcast conference call on Tuesday, February 4, 2025 , at 5:00 p.m. ET that is open to the public via internet broadcast and telephone. At this time, management will provide commentary on the results from the fourth quarter and full year 2024, guidance for the first quarter and full year 2025, as well as an update on the three-year outlook and the company's strategy. The call time has been extended to 90 minutes from the usual 60 minutes to accommodate the number of topics and Q&A adequately. Conference Call Details: Internet broadcast: https://investors.fmc.com United States (Local): +1 404 975 4839 United States ( Toll-Free ): +1 833 470 1428 Global Dial-In Numbers: Global Dial-in Number Access Code: 338624 Pre-Registration Link: https://www.netroadshow.com/events/login?show=2f7e0221&confId=75596 A replay of the call will be available via the internet and telephone from 6:30 p.m. ET on February 4, 2025 , until February 24, 2025 . Internet replay: https://investors.fmc.com United States (Local): 1 929 458 6194 United States ( Toll-Free ): 1 866 813 9403 Access Code: 793208 About FMC FMC Corporation is a global agricultural sciences company dedicated to helping growers produce food, feed, fiber and fuel for an expanding world population while adapting to a changing environment. FMC's innovative crop protection solutions – including biologicals, crop nutrition, digital and precision agriculture – enable growers and crop advisers to address their toughest challenges economically while protecting the environment. With approximately 5,800 employees at more than 100 sites worldwide, FMC is committed to discovering new herbicide, insecticide and fungicide active ingredients, product formulations and pioneering technologies that are consistently better for the planet. Visit fmc.com to learn more and follow us on LinkedIn ® . View original content to download multimedia: https://www.prnewswire.com/news-releases/fmc-corporation-announces-date-for-fourth-quarter-2024-earnings-release-and-webcast-conference-call-302336288.html SOURCE FMC Corporation
Delta Board of Directors appoints Christophe Beck as newest memberSyracuse and Georgetown meet for the 100th time Saturday when the Orange host the Hoyas in the latest installment of their classic rivalry. As former Big East Conference rivals, Syracuse and Georgetown have staged many memorable contests over the decades with the Orange holding a 54-45 all-time advantage. The teams still meet annually despite the Orange now playing in the Atlantic Coast Conference. Syracuse has won five of the last seven meetings, including a 12-point triumph in Washington D.C. last December. "It definitely felt like a Big East game," Hoyas coach Ed Cooley said after last season's contest. This time around, Georgetown (7-2) is coming off a 73-60 loss to West Virginia in which the team shot under 38 percent from the floor and committed 14 turnovers. "When the ball has music, when the ball is singing, unbelievable music happens," Cooley said. "The music is the play. The music is body movement and screening an open shot. We didn't have good music today." Thomas Sorber is the team's leading scorer at 15.4 points per game, although the freshman has failed to reach that average in six of the last seven games. Syracuse (5-4), meanwhile, is coming off a 102-85 win over Albany despite the absence of leading scorer J.J. Starling (19.8 points), who is out indefinitely with a hand injury. In his stead, freshman Donnie Freeman supplied 24 points on 10-of-13 shooting despite playing just 23 minutes due to an illness. "Whatever (illness) he has, he needs to keep that, if he can keep playing like, whatever he was feeling," Orange coach Adrian Autry joked. Syracuse will be looking for more success from 3-point range after hitting 6-of-15 (40 percent) against Albany. In their previous game -- a five-point loss to Notre Dame -- the Orange failed to make a 3-pointer for the first time in more than a decade. No Syracuse player has made more than 11 3-pointers this season -- and even that player (Chris Bell) is only shooting 25 percent from long distance. --Field Level Media
Lebawit Lily Girma | (TNS) Bloomberg News When winter rolls around, travelers predictably turn their attention to beaches. And this year, it’s the destination that comedian Tony Hinchcliffe called “a floating island of garbage in the middle of the ocean” that’s experiencing outsize demand from Americans planning a warm island vacation. Talk about trashing stereotypes. Related Articles Travel | Would you pay $700 a night to sleep under the stars at this Colorado resort? Travel | Thailand’s starring role in ‘The White Lotus’ is about to pay off Travel | 5 under-the-radar travel destinations the UN says you should visit Travel | Gift ideas for people planning their next trip Travel | Lights and decor, réveillon meals make Christmastime special in New Orleans Puerto Rico has recovered overseas visitors (excluding those from Canada and Mexico) faster than any U.S. state or territory — a staggering 85% increase over its 2019 overseas inbound visitor levels as of 2023, according to an October study from the U.S. National Travel and Tourism Office. There are now more daily flights from the U.S. West Coast, and hotel bookings are 6% higher so far in this last quarter of 2024 year-over-year. It’s a trifecta of tourism growth: more visitors, but also longer stays and a higher spend that reached a record $9.8 billion in 2023, boosting small businesses as well as major brands. “We don’t have a slow season in Puerto Rico anymore,” says Brad Dean, chief executive officer at Discover Puerto Rico. Even if they’re not booking, people are dreaming about “La Isla.” By tracking flight searches for trips between November 2024 and February 2025, a measure of “inspirational” demand, tourism intelligence company Mabrian Technologies reports Puerto Rico is up 9% compared with the same period last year and leads Barbados, the Dominican Republic, Jamaica and the Bahamas in the Caribbean proper. Only Costa Rica ranked higher in the wider region. Dean attributes Puerto Rico’s ongoing tourism growth to a strategic effort to reposition the island’s brand as more than a sun-and-sea destination, starting back in 2018. That led to the Live Boricua campaign, which began in 2022 and leaned heavily on culture, history and cuisine and was, Dean says, “a pretty bold departure” in the way Puerto Rico was showcased to travelers. He adds that at least $2 billion in tourism spend is linked to this campaign. “We (also) haven’t shied away from actively embracing the LGBTQ+ community, and that has opened up Puerto Rico to audiences that may not have considered the Caribbean before,” Dean says. Hotels are preparing to meet this growing demand: A number of established boutique properties are undergoing upgrades valued between $4 million and more than $50 million, including Hotel El Convento; La Concha, which will join the Marriott Autograph Collection; Condado Vanderbilt Hotel; and the Wyndham Grand Rio Mar. That’s in addition to ultra-chic options that are coming online in 2025, including the adults-only Alma San Juan, with rooms overlooking Plaza Colón in the heart of Old San Juan, and the five-star Veranó boutique hotel in San Juan’s trendy Santurce neighborhood. The beachfront Ritz-Carlton San Juan in Isla Verde will also be reopening seven years after Hurricane Maria decimated the island. The travel industry’s success is helping boost employment on the island, to the tune of 101,000 leisure and hospitality jobs as of September 2024, a 26% increase over pre-pandemic levels, according to the U.S. Bureau of Labor Statistics. Efforts to promote Puerto Rico’s provinces beyond the San Juan metro area — such as surfing hub Rincón on the west coast, historical Ponce on the south coast and Orocovis for nature and coffee haciendas in the central mountains —have spread the demand to small businesses previously ignored by the travel industry. Take Sheila Osorio, who leads workshops on Afro-Puerto Rican bomba music and dance at Taller Nzambi, in the town of Loíza, 15 miles east of San Juan; or Wanda Otero, founder of cheese-producing company Vaca Negra in Hatillo, an hour’s drive west of Old San Juan, where you can join a cheese-making workshop and indulge in artisanal cheese tastings. “The list of businesses involved in tourism has gone from 650 in 2018 to 6,100, many of which are artists and artisans,” Dean says. While New Yorkers and Miami residents have always been the largest visitor demographic, Dean says more mainland Americans now realize that going to Puerto Rico means passport-free travel to enjoy beaches, as well as opportunities to dine in Michelin-rated restaurants, hike the only rainforest in the U.S. and kayak in a bioluminescent bay. Visitors from Chicago and Dallas, for example, have increased by approximately 40% from July 1, 2023, to June 30, 2024, compared with the same period in 2022-2023, and more travelers are expected from Denver now that United Airlines Holdings Inc. has kicked off its first nonstop service to San Juan, beginning on Oct. 29. Previously, beach destinations that were easy to reach on direct flights from Denver included Mexico, Belize and California, but now Puerto Rico joins that list with a 5.5-hour nonstop route that cuts more than two hours from the next-best option. Given United Airlines’ hub in San Francisco, it could mean more travelers from the Golden State in the near future, too. In December, U.S. airlines will have 3,000 more seats per day to the territory compared with the same period last year, for a total of 84,731 — surpassing even Mexico and the Dominican Republic in air capacity, according to data from aviation analytics firm Cirium. Luis Muñoz Marín International Airport, the island’s primary gateway, is projecting a record volume of 13 million passengers by year’s end — far surpassing the 9.4 million it saw in 2019. As for Hinchcliffe’s “floating island of garbage” line, Dean says it was “a terribly insensitive attempt at humor” that transformed outrage into a marketing silver lining, with an outpouring of positive public sentiment and content on Puerto Rico all over social media. Success, as that old chestnut goes, may be the best revenge. “It was probably the most efficient influencer campaign we’ve ever had,” Dean says, “a groundswell of visitors who posted their photos and videos and said, ‘This is the Puerto Rico that I know.’” ©2024 Bloomberg L.P. Visit bloomberg.com. Distributed by Tribune Content Agency, LLC.Stock market today: Asian shares are mixed after Wall Street slips, led by tech giants
Goalkeepers will concede corners for time-wasting in radical new football law changesNone