Wall Street turned volatile Friday as four days of gains give way to fresh selling pressure driven by investor uncertainty over the incoming Trump administration’s economic policies and the Federal Reserve’s path forward. Major indices experienced wide losses by midday trading in New York, nearly erasing prior gains seen earlier this week, clouding the outlook for a Santa Rally. The tech-heavy Nasdaq 100 tumbled 2%, on track for its second-worst session this month. Both the S&P 500 and the Dow saw notable losses, while small caps underperformed large-cap counterparts. On the data front, the U.S. goods trade deficit widened to $102.86 billion in November 2024, surpassing expectations of $100.7 billion, as imports jumped 4.5%, according to an advance official estimate. Treasury yields were little moved but remained elevated, with the long-dated 30-year yield hovering at the highest levels since May. In commodities markets, oil emerged by rising 1%, with West Texas Intermediate light crude topping $70 per barrel amid recent declines in in commercial crude inventories. In cryptocurrency markets Bitcoin BTC/USD dropped 1.7% to $94,000, heading for its second consecutive weekly loss— the first since September. Friday’s Performance In Major US Indices, ETFs Major Indices Price Chg 1-day % Dow Jones 42,739.03 -586.77 -1.4% S&P 500 5,934.68 -102.91 -1.7% Nasdaq 100 21,326.63 -441.68 -2.0% Russell 2000 2,226.71 -53.48 -2.3% According to Benzinga Pro data: The SPDR S&P 500 ETF Trust SPY fell 1.6% to $591.61. The SPDR Dow Jones Industrial Average DIA eased 1.2% to $427.96. The tech-heavy Invesco QQQ Trust Series QQQ tumbled 2.1% to $518.58. The iShares Russell 2000 ETF IWM fell 2.3% to $220.55. The Energy Select Sector SPDR Fund XLE outperformed, flat for the day; the Technology Select Sector SPDR Fund XLK lagged, down 2.4%. Friday Stock Movers Tesla Inc. TSLA sank 4.8% as investors reassessed its valuation after a 73% year-to-date surge. Crypto-related stocks pulled back strongly: KULR Technology Group Inc. KULR tumbled 7.4%, MicroStrategy Inc. MSTR slipped 3.6% and Coinbase Global Inc. COIN fell 3.5%. Lamb Weston Holdings Inc . LW gained 3.6% after shareholder Jana Partners added Jeff Delapp to its board nominee slate, signaling a potential board overhaul, according to a Friday regulatory filing. Read Next: Airline Stocks Outperform Tech In 2024: Holiday Travel ‘Expected To See Records This Year’ Photo via Shutterstock. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.By MICHELLE L. PRICE WEST PALM BEACH, Fla. (AP) — An online spat between factions of Donald Trump’s supporters over immigration and the tech industry has thrown internal divisions in his political movement into public display, previewing the fissures and contradictory views his coalition could bring to the White House. The rift laid bare the tensions between the newest flank of Trump’s movement — wealthy members of the tech world including billionaire Elon Musk and fellow entrepreneur Vivek Ramaswamy and their call for more highly skilled workers in their industry — and people in Trump’s Make America Great Again base who championed his hardline immigration policies. The debate touched off this week when Laura Loomer , a right-wing provocateur with a history of racist and conspiratorial comments, criticized Trump’s selection of Sriram Krishnan as an adviser on artificial intelligence policy in his coming administration. Krishnan favors the ability to bring more skilled immigrants into the U.S. Loomer declared the stance to be “not America First policy” and said the tech executives who have aligned themselves with Trump were doing so to enrich themselves. Much of the debate played out on the social media network X, which Musk owns. Loomer’s comments sparked a back-and-forth with venture capitalist and former PayPal executive David Sacks , whom Trump has tapped to be the “White House A.I. & Crypto Czar.” Musk and Ramaswamy, whom Trump has tasked with finding ways to cut the federal government , weighed in, defending the tech industry’s need to bring in foreign workers. It bloomed into a larger debate with more figures from the hard-right weighing in about the need to hire U.S. workers, whether values in American culture can produce the best engineers, free speech on the internet, the newfound influence tech figures have in Trump’s world and what his political movement stands for. Trump has not yet weighed in on the rift, and his presidential transition team did not respond to a message seeking comment. Musk, the world’s richest man who has grown remarkably close to the president-elect , was a central figure in the debate, not only for his stature in Trump’s movement but his stance on the tech industry’s hiring of foreign workers. Technology companies say H-1B visas for skilled workers, used by software engineers and others in the tech industry, are critical for hard-to-fill positions. But critics have said they undercut U.S. citizens who could take those jobs. Some on the right have called for the program to be eliminated, not expanded. Born in South Africa, Musk was once on an a H-1B visa himself and defended the industry’s need to bring in foreign workers. “There is a permanent shortage of excellent engineering talent,” he said in a post. “It is the fundamental limiting factor in Silicon Valley.” Related Articles National Politics | Should the U.S. increase immigration levels for highly skilled workers? National Politics | In states that ban abortion, social safety net programs often fail families National Politics | Court rules Georgia lawmakers can subpoena Fani Willis for information related to her Trump case National Politics | New 2025 laws hit hot topics from AI in movies to rapid-fire guns National Politics | Trump threat to immigrant health care tempered by economic hopes Trump’s own positions over the years have reflected the divide in his movement. His tough immigration policies, including his pledge for a mass deportation, were central to his winning presidential campaign. He has focused on immigrants who come into the U.S. illegally but he has also sought curbs on legal immigration , including family-based visas. As a presidential candidate in 2016, Trump called the H-1B visa program “very bad” and “unfair” for U.S. workers. After he became president, Trump in 2017 issued a “Buy American and Hire American” executive order , which directed Cabinet members to suggest changes to ensure H-1B visas were awarded to the highest-paid or most-skilled applicants to protect American workers. Trump’s businesses, however, have hired foreign workers, including waiters and cooks at his Mar-a-Lago club , and his social media company behind his Truth Social app has used the the H-1B program for highly skilled workers. During his 2024 campaign for president, as he made immigration his signature issue, Trump said immigrants in the country illegally are “poisoning the blood of our country” and promised to carry out the largest deportation operation in U.S. history. But in a sharp departure from his usual alarmist message around immigration generally, Trump told a podcast this year that he wants to give automatic green cards to foreign students who graduate from U.S. colleges. “I think you should get automatically, as part of your diploma, a green card to be able to stay in this country,” he told the “All-In” podcast with people from the venture capital and technology world. Those comments came on the cusp of Trump’s budding alliance with tech industry figures, but he did not make the idea a regular part of his campaign message or detail any plans to pursue such changes.From Bitcoin and Ozempic to Taylor Swift, seven charts reveal why 2024 broke records
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“Please can you drop the charges against my mum and dad so that I can keep living with my cat brothers and sisters?” That was the plea from the woman at the centre of a sensational starvation trial in a letter sent to state prosecutors. The trial ended last week, with the woman’s parents remanded in custody after being found guilty. The girl’s parents outside court last month. Credit: 9News Perth The woman – now 20, and whose identity is protected by a court order – did not want her parents to go to prison and, from what she wrote, did not think they needed to be punished. But a jury thought otherwise, last week finding them both guilty of not just starving the girl – leading to a dangerous level of malnutrition – but also of emotional abuse, due to their treatment of her as if she were a small child. The case, which was first reported exclusively by WAtoday last year , features elements of infantalisation, a “complex” psychological behaviour that is often rooted in the parents’ own emotional needs, according to Perth clinical psychologist Donna Stambulich. “Common drivers include fear of abandonment, unresolved personal trauma, anxiety about their child’s independence, and difficulty accepting the natural progression of child development,” Stambulich said. “In some cases, narcissistic personality traits may lead parents to view their children as extensions of themselves rather than independent individuals.” So what do we know about the parents, who will be sentenced over the offences early next year? The woman’s father, aged in his 40s, is a senior IT professional, who has held management-level positions in several Perth companies. He became the breadwinner of the family when his daughter was born and his wife gave up her career to be the girl’s full-time carer. A dance school teacher told Perth District Court the girl was small, even by the standard of other students. The family moved to Floreat five years ago and purchased a four-bedroom house for almost $2 million. Department of Communities staff told the court that when they visited the home to check on the girl, it looked “cluttered” and cockroaches were seen scuttling out of the front door where they stood speaking to the father. The father refused to allow them inside and, away from the jury, the court was told the house was filthy and unhygienic, with piles of used sanitary towels sitting in corners. Despite this, the father tried to convince the jury he suffered from obsessive-compulsive disorder. While the husband was earning good money, the wife’s family were also wealthy, and the girl’s grandfather wanted to pay for her to attend a prestigious girls’ school which commands fees of up to $28,000 a year. But the parents refused, instead choosing to homeschool the girl. The mother’s relationship with the girl’s grandfather was rocky. She claimed he was abusive to her when she was a child, and would not allow him to be left alone with her daughter. However, the girl was later placed in his care by the Department of Communities, where she stayed until her 18th birthday, when she returned home to live with her parents. The mother also testified that she had little to do with her siblings, and claimed her daughter was hospitalised in part because her sister and their father had both spoken to the department about the girl’s emaciated appearance. When the mother’s sister raised those concerns with her, she cut off contact. The girl was also, for some time after her parents were arrested, placed into the care of her uncle, who soon after relinquished that care because of the parents’ “ongoing involvement”. Outside court, it was also mentioned that the girl was unable to do much for herself and needed constant care and help with day-to-day activities, such as washing and taking care of her hygiene. She was 17 years old at the time. Prosecutors said that after the woman’s own mother died, she isolated herself and her daughter from the rest of the family. None of her family came to court throughout the four-week trial. The girl was hospitalised after the Department of Communities investigated concerns from a dance studio. What the jury weren’t allowed to hear One element of the case that was kept from the jury was the suggestion the girl was wearing nappies as a teenager. Both the prosecution and defence agreed to withhold the information, but some witnesses almost blurted it out on a number of occasions. The jury was also not allowed to hear why the girl herself did not enter the courtroom to give evidence, and that seeing her so distressed almost brought District Court Judge Linda Black to tears. On November 14, the girl’s mother’s lawyer called her as a witness to tell her side of the story. It was a much-anticipated moment, but she did not make it into the courtroom. The jury was told the girl had “changed her mind”. After coming to court with a “support person”, the 20-year-old had a panic attack and could not give evidence. Black went out of the courtroom to speak with her and, on her return, confronted the mother’s lawyer Michael Perella, asking whether he had ensured the girl received her own legal advice before coming to court. He replied that he had only recommended she did. Black asked Perella whether the girl was told what to wear for the occasion by her mother , and noted she was wearing a “relatively child-like dress” and ballet flats. Perella denied that was the case, and attempted to apply to have the trial aborted because of the turn of events. Black fought back tears as she blasted the lawyer for suggesting such a vulnerable person be brought to court in the first place. “If she was shocked that her daughter was in floods of tears, [the mother] must not know her daughter very well at all,” the judge said. She refused to allow the trial to be vacated. The impacts of infantilisation “can be profound and far-reaching”, Stambulich said. “In the short term, children may experience delayed emotional development, poor self-esteem, and significant difficulties in peer relationships,” she said. “They often struggle with basic decision-making skills and age-appropriate social interactions. “The long-term consequences can be even more severe, potentially leading to chronic dependency, persistent relationship difficulties, anxiety and depression, and significant challenges in managing adult responsibilities. “Many adults who experienced infantilisation struggle with boundary setting and may have difficulty establishing their own independent identity.” During the trial The girl was 14 when this photo was taken. The trial itself may have been arduous for the jury, who were initially told it would be finished in seven days. Instead, it dragged on for weeks, in part due to attempts by the mother to have the trial thrown out twice – midway through proceedings, the court was told the woman was too unwell to attend and listen to the evidence. She was given a brief reprieve to recover, but Black insisted she return and could keep a sick bag at her side in case she needed it. They couple sat side-by-side for four weeks but did not appear to communicate once. As the jury read out their guilty verdicts, the father sat straight-faced, as he had the entire trial, while his wife sobbed, even after bring asked to stop by the judge because of the noise. Their relationship had been examined throughout the trial, with accusations of manipulation, control and verbal abuse from the husband to the wife. He didn’t deny that on the stand. But it was accepted throughout the trial that both parents loved their daughter very much. Stambulich said parents who infantilised their children often had limited insight into their behaviour and its impact. “They typically rationalise their actions as necessary protection or expressions of love and care,” she said. “ These parents may minimise or completely deny any harmful effects of their parenting style, viewing their actions as beneficial rather than potentially damaging to their child’s development.” The mother told the jury her daughter would always be her little girl. She had made sure of that by limiting her ability to grow in height and mature like a girl of her age should have, and limiting her ability to mix with other girls her age, to develop age-appropriate interests and have any level of independence. When the father of the girl was presented with photos of her looking small, frail, sick and severely underweight, he told the prosecutor she was thin but not overly so . “Do you have problems with your eyesight?” he was asked. “No,” he replied. Knowing that they were neglecting and damaging their daughter was at the heart of ensuring there was a guilty plea, state prosecutor Jehna Winter told the court. Their education, ability to comprehend when someone looks healthy and well, and their choice to ignore repeated concerns were what led to them being charged and ultimately convicted. The pair will be sentenced in January and face a maximum penalty of 20 years each.Canadian companies excited about AI but slow to adopt it: AI tech leaders
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If you purchase an independently reviewed product or service through a link on our website, Rolling Stone may receive an affiliate commission. Calling all pet parents: Chewy’s Cyber Weekend Sale is the next best time to fetch some serious savings. From now through Dec. 3, you can score up to 60% off select tail-wagging toys , drool-worthy treats, and health and wellness essentials. Need a DNA test kit to finally settle “what breed is she?” Or maybe a luxe pet shampoo to keep them photo-ready for family holiday cards? Chewy ’s got it all — and we’ve sniffed out the best deals to make your Cyber Week shopping even easier. So whether you’re spoiling your pup with plush squeakers or upgrading your kitty’s mealtime setup, this sale is a great way to stock up on pet supplies and some holiday stocking stuffers for the furball of the fam, too. Keep reading to preview our top pet picks that’ll have tails wagging, but hurry — these deals won’t stick around for long. Whether your pup’s tail wags for chew toys or your cat loves batting feather wands, Chewy has something to make every pet happy. To help you make the most of Chewy’s Cyber Monday sale , we’ve rounded up a sampling of the kind of savings you can expect. $8.85 $12.39 29% off Keep your pup’s pearly whites shining with this chicken-flavored dental dog chew. Designed for aggressive chewers, this dino-mite toy satisfies their urge to gnaw while cleaning teeth, massaging gums, and combating plaque and tartar. It also makes a great fetch prop for playtime — because who says dental care can’t be fun? $149.99 Have a furbaby who needs a little portion control? Make mealtime more personalized with this app-enabled automatic smart feeder, now 25% off with code TECHDEALS25 . Along with your WiFi, it uses a collar tag to ensure only the right kitty gets access, while the app lets you schedule meals, track eating habits, and keep your whiskered wonder’s diet on point — all without lifting a paw. $14.99 $20.45 27% off Treat your pup to double the fun (and savings!) with this two-in-one dental chew and tug toy, now on sale — and snag a second for half price. With real peanut butter flavor, a paw-friendly design, and grooves that clean teeth while they chew, this USA-made toy is a tail-wagging win for playtime and dental health. $7.74 Treat your pup to a spa day at home with this soothing dog conditioner — now up to 50% off with autoship. Packed with skin-loving oatmeal, shea butter, and aloe vera, this soothing bath wash leaves your furry friend smelling like vanilla while detangling and softening their coat for cuddles galore. Pair it with the matching shampoo for a pampered pet routine. $89 $129 31% off Get your furry family member in on the Ancestry.com tests with this breed identification kit. With insights into over 350 breeds, it’s your chance to connect with your dog’s long-lost relatives and discover what makes your best friend one-of-a-kind. For a limited time, score 31% off the DNA kit and kits with bonus health evaluations. $16.99 Even pups like teddy bears to cuddle, and this 2-in-1 Plush Chew Toy is now buy one-get one half off this Cyber Week. Featuring clever a rip-and-reveal design with a tough rubber core and treat-holding grooves, this toy keeps chew-obsessed pups entertained while satisfying their snack cravings, ideal for both playtime and cuddle time alike. $10.43 Give your kitty the gift of fresh breath and a clean smile with Greenies , on sale now and with an extra 30% off with code JOLLY30 . Made with natural ingredients and just two calories per treat, these crunchy morsels are available in delicious savory flavors, like salmon, chicken, and catnip for an irresistibly healthy snack that helps fight tartar and keep teeth sparkling. Bonus: new customers save even more with additional perks like a $20 eGift card (code: WELCOME ) and free shipping on orders over $49. $21.43 Keep your dog’s tummy happy and healthy with these probiotic chews that contain six probiotic strains and natural digestive enzymes from pumpkin and papaya. Available in tasty chicken or pumpkin flavors, these treats help support digestion, reduce bloating, and boost immunity. Save 30% off now with code CYBER30 and even more on future orders when you sign up for automatic shipping. $9.97 Whether you’ve got a playful puppy or a seasoned senior, these peanut butter or bacon-flavored chews support heart, brain, joint, immune, and coat health — all while making training sessions a tasty success. This Cyber Week, save 50% with code CYBER50 , with new customers scoring even more discounts with code WELCOME .
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