A dedicated last 121 runs culminated in a video where a stick figure appears to dance on a map of his neighborhood. Duncan McCabe tracked 10 months of runs using Strava, an app that's part exercise tracker, part social media. McCabe posted his runs to Strava, which records metrics like distance, calories, time, and average space. Strava also outlines movement in each exercise session with an orange line on a map. McCabe's route took the intentional shape of a stick figure man wearing a cap, whose pose changed slightly every session. After 121 sessions, McCabe was ready to compile each route display into a masterpiece. "Strava art animation through the streets of Toronto!" reads the caption. "This took me 121 runs from January to October 2024." Set to music with a steady beat, the orange stick figure appears to dance across the map for 20 seconds. Over the summer of 2023, McCabe compiled a series of routes he ran in shapes that included dinosaurs, sharks, and even the letters to spell out Toronto. Eager fans will likely need to exercise patience until McCabe releases the next elaborate compilation in his running series.
NEW YORK (AP) — U.S. stock indexes drifted amid mixed trading Monday, ahead of this week’s upcoming meeting by the Federal Reserve that could set Wall Street’s direction into next year. The S&P 500 rose 0.4%, coming off its first losing week in the last four . The Nasdaq composite climbed 1.2% to a record, while the Dow Jones Industrial Average was a laggard and fell 110 points, or 0.3%. Broadcom leaped 11.2% to help lead the S&P 500 for a second straight day after delivering a profit report last week that beat analysts’ expectations. The technology company is riding a wave of enthusiasm about its artificial-intelligence offerings in particular. The market’s main event, though, will arrive on Wednesday when the Federal Reserve will announce its last move on interest rates for the year. The widespread expectation is that it will cut its main rate for a third straight time, as it tries to boost the slowing job market after getting inflation nearly all the way down to its target of 2%. The question is how much more it will cut rates next year, and Fed officials will release projections for where they see the federal funds rate ending 2025, along with other economic indicators, once their meeting concludes. Fed Chair Jerome Powell will also answer questions in a press conference following the meeting. For now, the general expectation among traders is that the Fed may cut a couple more times in 2025, according to data from CME Group. But such expectations have been shrinking following reports suggesting inflation may be tougher to get all the way down to 2% from here. Besides last month’s slight acceleration in inflation, another worry is that President-elect Donald Trump’s preferences for tariffs and other policies could lead to higher inflation down the line. Goldman Sachs economist David Mericle has dropped his earlier forecast of a cut by the Fed in January, for example. Beyond the possibility of tariffs, he said Fed officials may also want to slow their cuts because of uncertainty about exactly how low rates need to go so that they no longer press the brakes on the economy. Expectations for a series of cuts to rates by the Fed have been one of the main reasons the S&P 500 has set an all-time high 57 times so far this year and is heading for one of its best years of the millennium . The economy has held up better than many feared, continuing to grow even after the Fed hiked the federal funds rate to a two-decade high in hopes of grinding down on inflation, which topped 9% two summers ago. On Wall Street, MicroStrategy jumped as much as 7% during the day as it continues to benefit from the surging price for bitcoin , which set another all-time high. But its stock ended the day down by les than 0.1% after bitcoin’s price pulled back below $106,000 after setting a record above $107,700, according to CoinDesk. The software company has been building its hoard of the cryptocurrency, and its stock price has more than sextupled this year. It will also soon join the Nasdaq 100 index. Bitcoin’s price has catapulted from roughly $44,000 at the start of the year, riding a recent wave of enthusiasm that Trump will create a system that’s more favorable to digital currencies . Honeywell rose 3.7% after saying it’s still considering a spin-off or sale of its aerospace business, as part of a review of its overall business. It said it plans to give an update with the release of its fourth-quarter results. They helped offset a drop for Nvidia, whose chips are powering much of the world’s move into AI. Its stock fell 1.7%. Because it’s grown so massive, with a total value topping $3 trillion, it was the single heaviest weight on the S&P 500. All told, the S&P 500 rose 22.99 points to 6,074.08. The Dow Jones Industrial Average fell 110.58 to 43,717.48, and the Nasdaq composite rose 247.17 to 20,173.89. In the bond market, Treasury yields held relatively steady. The yield on the 10-year Treasury edged down to 4.39% from 4.40% late Friday. The two-year yield, which more closely tracks expectations for the Fed, eased to 4.24% from 4.25%. In stock markets abroad, indexes fell modestly across much of Europe and Asia. They sank 0.9% in Hong Kong and 0.2% in Shanghai after China reported lackluster economic indicators for November despite attempts to strengthen the world’s second-largest economy. South Korea’s Kospi fell 0.2% as law enforcement authorities pushed to summon impeached President Yoon Suk Yeol for questioning over his short-lived martial law decree, and the Constitutional Court met to discuss whether to remove him from office or reinstate him. AP Business Writer Elaine Kurtenbach contributed.William Raveis Expands to The Hamptons and North Fork Long Island in Strategic Partnership with Town & Country Real EstateAlibaba Group Holding Ltd BABA BABAF and PDD Holdings Inc PDD were once the shining stars of China's e-commerce universe, but recent performance metrics suggest they're caught in a gravitational pull downward . Let's dive into the tale of two stocks that seem to be competing for the title of ‘most bearish trend.’ Alibaba: The Resilient Underdog? Alibaba's stock, at $86.73, has weathered a mix of optimism and anxiety. It's up 12.12% over the past year, but the last month saw a sharp 13.01% decline. Chart created using Benzinga Pro Technically, the stock screams ‘bearish’ as it lingers below key moving averages, including its 20-day and 50-day simple moving averages (SMAs). Yet, with its eight-day SMA at $86.18 and 200-day SMA at $82.52, there's a faint glimmer of hope—potential buyers might find solace in its nearly oversold RSI of 38.51. Investor sentiment remains tepid, but big names like Soros Capital Management and Bridgewater Associates are quietly building stakes. Is Alibaba the beaten-down stock that contrarians love to bet on? Maybe, but upcoming U.S. tariffs could spoil the progress. Read Also: Alibaba Reshapes E-Commerce Operations, Names Jiang Fan as Unit CEO PDD Holdings: The High-Flyer Turned Free-Faller PDD's stock paints a darker picture. After a blistering run with Temu 's U.S. expansion, the company now faces an aggressive sell-off. Down 33.22% over six months and 20.52% in the past month, it seems Wall Street is questioning the sustainability of Temu's discount-driven strategy. Chart created using Benzinga Pro Technical indicators are grim, with the MACD at a negative 6.18 and an RSI of 28.79 signaling oversold territory. Even institutional love, like Fisher Asset Management upping its stake, hasn't stopped analysts from jumping ship. JPMorgan downgraded PDD to neutral with a slashed price target of $105, while Benchmark trimmed its target to $160 from $185. Meanwhile, fears over regulatory risks and national security concerns tied to Temu only add to the bearish momentum. The Verdict: Avoid Or Opportunistic Entry? Both stocks are under pressure, but PDD's steeper declines and bearish outlook suggest it's in a riskier position. Alibaba, with its diversified revenue streams and slightly less dramatic drop, might hold more appeal for the brave. Still, with Trump-era tariffs looming, both stocks might have more turbulence ahead. For now, it's about ‘who's losing less badly,’ and neither is doing well. Read Next: The Fall of Ant Group’s IPO: Alibaba’s Missteps, Legal Battles, and a $433.5M Settlement © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Shocking Wall Street Insights! Discover the Bearish Side of Investing.SANTA CLARA, Calif. — An MRI exam on Brock Purdy’s throwing shoulder has the 49ers “feeling good,” but his status is still “tenuous” to play in Sunday’s game at Green Bay, according to general manager John Lynch. Injured at an undetermined point in Sunday’s 20-17 loss to the Seattle Seahawks, Purdy did not throw at Wednesday’s practice and then did so only briefly Thursday before retreating to rehab his shoulder “per the plan,” Lynch said on KNBR 680-AM. If Purdy misses his first start due to injury since seizing the job nearly two years ago, Brandon Allen will open for the 49ers (5-5) against the Packers (7-3) at Lambeau Field, with Josh Dobbs the No. 2 quarterback, Lynch confirmed. “We’ve done that (MRI) and feel good about where it’s at from that standpoint. But you still have to go out and be able to operate,” Lynch said. “We’re kind of figuring all that out. Brock is going to show up today, we’ll see where he can go as far as practice and we’ll make some decisions accordingly.” Coach Kyle Shanahan will address the media with the official status report after Friday's practice before the 49ers fly to Wisconsin for the first of two consecutive road games, with a trip to Buffalo awaiting next weekend. Purdy’s usual press conference after Thursday’s practice was postponed to Friday, with no assurance whether he or Allen would be speaking to the media as the projected starting quarterback. How and when Purdy got hurt remains a mystery, Lynch said. “It was somewhere during that Seattle game and I’m not sure Brock knows,” Lynch added. “He fought through it through the course of the game. I did see him during the course of the game, anytime there was a pause, he kept throwing. At that point, you’re feeling something but he was so focused on trying to win. “We had a plan to try to quiet it down,” Lynch said. “Wednesday, didn’t do any throwing. Thursday, started to do something throwing then went inside and did some rehab, per the plan. We’ll see where he’s at today. Hopefully he makes progress and we can have a shot at this weekend. “We’ll see. It is tenuous.” Also circumspect are the availabilities of defensive end Nick Bosa (obliques, hips) and left tackle Trent Williams (ankle). ©2024 MediaNews Group, Inc. Visit at mercurynews.com . Distributed by Tribune Content Agency, LLC.
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