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AP Trending SummaryBrief at 5:06 p.m. ESTGLASGOW, Scotland (AP) — Celtic defender Cameron Carter-Vickers raised his hands to his head in despair before his own goal crossed the line to give Club Brugge the lead in the Champions League on Wednesday. The United States international played a no-look pass back from 10 yards (meters) toward his own net where he thought goalkeeper Kasper Schmeichel would be. Schmeichel was not there, and the ball rolled slowly into the corner of the goal as the veteran Denmark goalkeeper raced helplessly across his line. He narrowly avoiding crashing into the goal post. The unforced error by Carter-Vickers gifted Club Brugge a 26th-minute lead at Celtic Park. Celtic has impressed in the Champions League this season with seven points from its first four games. AP soccer: https://apnews.com/hub/soccer
Another major issue that contributed to the breakdown in the talks was the issue of sanctions against Russia. While the United States and France have been vocal in their condemnation of Russia's actions in Ukraine, there have been differences of opinion on the best approach to take in holding Moscow accountable. President Zelensky has been pushing for stronger measures, including additional sanctions and increased pressure on the Kremlin, but these proposals have not been met with unanimous support from the other parties involved.
When it comes to sentencing in cases of rape of mentally ill individuals, courts must take into consideration the impact of the assault on the victim's mental health and well-being. Sentencing criteria may include factors such as the severity of the assault, the vulnerability of the victim, the presence of any aggravating circumstances, and the offender's intent. Additionally, courts may consider the need for rehabilitation and support services for the victim to address the trauma resulting from the assault.
Stock indexes closed mixed on Wall Street at the end of a rare bumpy week. The S&P 500 ended little changed Friday. The benchmark index reached its latest in a string of records a week ago. It lost ground for the week following three weeks of gains. The Dow Jones Industrial Average slipped 0.2%. The Nasdaq composite edged up 0.1%. Broadcom surged after the semiconductor company beat Wall Street’s profit targets and gave a glowing forecast, highlighting its artificial intelligence products. RH, formerly known as Restoration Hardware, surged after raising its revenue forecast. Treasury yields rose in the bond market. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. Stocks slipped in afternoon trading Friday as Wall Street closes out a rare bumpy week. The S&P 500 was up by less than 0.1% and is on track for a loss for the week after three straight weekly gains. The Dow Jones Industrial Average fell 58 points, or 0.1% to 43,856 as of 3 p.m. Eastern time. The Nasdaq rose 0.1% and is hovering around its record. Broadcom surged 24.9% for the biggest gain in the S&P 500 after the semiconductor company beat Wall Street’s profit targets and gave a glowing forecast, highlighting its artificial intelligence products. The company also raised its dividend. The company's big gain helped cushion the market's broader fall. Pricey stock values for technology companies like Broadcom give the sector more weight in pushing the market higher or lower. Artificial intelligence technology has been a focal point for the technology sector and the overall stock market over the last year. Tech companies, and Wall Street, expect demand for AI to continue driving growth for semiconductor and other technology companies. Even so, some big tech stocks were in the red Friday. Nvidia slid 2.6%, Meta Platforms dropped 1.7% and Netflix was down 0.7%. Furniture and housewares company RH, formerly known as Restoration Hardware, surged 14.2% after raising its forecast for revenue growth for the year. Wall Street's rally stalled this week amid mixed economic reports and ahead of the Federal Reserve's last meeting of the year. The central bank will meet next week and is widely expected to cut interest rates for a third time since September. Expectations of a series of rate cuts has driven the S&P 500 to 57 all-time highs so far this year . The Fed has been lowering its benchmark interest rate following an aggressive rate hiking policy that was meant to tame inflation. It raised rates from near-zero in early 2022 to a two-decade high by the middle of 2023. Inflation eased under pressure from higher interest rates, nearly to the central bank's 2% target. The economy, including consumer spending and employment, held strong despite the squeeze from inflation and high borrowing costs. A slowing job market, though, has helped push a long-awaited reversal of the Fed's policy. Inflation rates have been warming up slightly over the last few months. A report on consumer prices this week showed an increase to 2.7% in November from 2.6% in October. The Fed's preferred measure of inflation, the personal consumption expenditures index, will be released next week. Wall Street expects it to show a 2.5% rise in November, up from 2.3% in October. The economy, though, remains solid heading into 2025 as consumers continue spending and employment remains healthy, said Gregory Daco, chief economist at EY. “Still, the outlook is clouded by unusually high uncertainty surrounding regulatory, immigration, trade and tax policy,” he said. Treasury yields edged higher. The yield on the 10-year Treasury rose to 4.40% from 4.34% late Thursday. European markets slipped. Britain's FTSE 100 fell 0.1%. Britain’s economy unexpectedly shrank by 0.1% month-on-month in October, following a 0.1% decline in September, according to data from the Office for National Statistics. Asian markets closed mostly lower.
GREEN BAY, Wis. (AP) — After losing to San Francisco in the playoffs three of the last five seasons, the Green Bay Packers wouldn’t mind seeing the 49ers get left out of the postseason entirely. The Packers (7-3) could damage San Francisco’s playoff hopes Sunday by beating the 49ers at Lambeau Field. San Francisco (5-5) dropped to .500 after losing at home to the Seattle Seahawks, though the 49ers remain just a game behind the Arizona Cardinals in the NFC West. “I think we’re motivated to keep winning more than anything,” Packers center Josh Myers said. “Obviously, they have knocked us out quite a bit. There’s that extra motivation behind it, but at this point, we’re just trying to churn out wins.” Green Bay is third in the NFC North and two games behind the Detroit Lions, but the Packers appear on track to at least earn a wild-card playoff berth. History suggests their path to a potential Super Bowl would get much clearer if the 49ers aren’t standing in their way. The 49ers trailed 21-14 in the fourth quarter before rallying to beat the Packers 24-21 in the divisional playoffs last year on Christian McCaffrey’s 6-yard touchdown run with 1:07 left. Now it’s the 49ers who are struggling to protect late leads, as they’ve blown fourth-quarter advantages in three games against divisional opponents. “You could look at, ‘Hey, we’re three possessions away from being 8-2,’ but you can’t really live like that,” 49ers tight end George Kittle said. “Those are the mistakes that we’ve made to be 5-5. It’s not exactly where we want to be. It is frustrating. The nice thing is we have seven games left to go out there and play Niners football and take advantage of those opportunities.” Green Bay’s recent history of playoff frustration against the 49ers also includes a 13-10 loss at Lambeau Field in the 2021 divisional playoffs and a 37-20 road defeat in the 2019 NFC championship game. Even the Packers who weren’t around for last season’s playoff loss realize what this game means. “I think one of the first meetings that I was in here, we had a conversation about the Niners beating us,” said Green Bay safety Xavier McKinney, who joined the Packers this season. “So I understand how important it is, and we all do.” Both teams must figure out how to convert red-zone opportunities into touchdowns. The 49ers are scoring touchdowns on just 48.8% of their drives inside an opponent’s 20-yard line to rank 27th in the NFL. The Packers are slightly worse in that regard, scoring touchdowns on 48.7% of their red-zone possessions to rank 28th. In their 20-19 victory at Chicago on Sunday, Green Bay drove to the Bears 5 without scoring on two separate series. Kittle expects to play Sunday after missing the Seahawks game with a hamstring injury, but four-time Pro Bowl edge rusher Nick Bosa’s status is uncertain after he hurt his left hip and oblique in that game. Seattle scored both of its TDs after Bosa left in the third quarter with an injury and averaged 2.7 additional yards per play after he got hurt. Packers cornerback Jaire Alexander didn’t play in the second half of the Bears game due to a knee injury that also prevented him from playing in a Nov. 3 loss to Detroit. Green Bay’s defense feasted on turnovers the first part of the season, but hasn’t been as effective in getting those takeaways lately. The Packers have 19 takeaways – already exceeding their 2023 total – but haven’t forced any turnovers in their last two games. 49ers coach Kyle Shanahan hasn’t eased McCaffrey back into the lineup in his return after missing the first eight games with Achilles tendinitis. McCaffrey has played 91% of the 49ers’ offensive snaps the past two weeks. Jordan Mason, who rushed for 685 yards during McCaffrey’s absence, has just five snaps on offense the last two games. Shanahan said he’d like to get Mason more opportunities, but it’s hard to take McCaffrey off the field. Green Bay nearly lost to the Bears because of its third-down struggles on both sides of the ball. The Packers were 1 of 5 on third-down opportunities, while the Bears went 9 of 16. The Packers’ defense could have a tough time correcting that problem against San Francisco, which has converted 45.4% of its third-down situations to rank fourth in the league. AP Pro Football Writer Josh Dubow contributed to this report. AP NFL: https://apnews.com/hub/NFL Get any of our free daily email newsletters — news headlines, opinion, e-edition, obituaries and more.Gainers TruGolf Holdings TRUG stock rose 60.6% to $0.83 during Friday's pre-market session. The market value of their outstanding shares is at $11.3 million. Kore Group Holdings KORE shares moved upwards by 18.69% to $1.46. The company's market cap stands at $24.8 million. Brera Holdings BREA stock moved upwards by 13.65% to $0.76. The market value of their outstanding shares is at $10.0 million. Starbox Group Hldgs STBX stock rose 11.78% to $1.6. The market value of their outstanding shares is at $78.9 million. Gaxos.AI GXAI shares moved upwards by 7.83% to $3.99. The company's market cap stands at $11.4 million. LQR House LQR shares rose 7.14% to $1.2. The company's market cap stands at $8.6 million. Losers Fangdd Network Group DUO shares decreased by 12.5% to $0.69 during Friday's pre-market session. The company's market cap stands at $16.0 million. Anghami ANGH stock decreased by 8.58% to $0.8. The market value of their outstanding shares is at $53.4 million. TuanChe TC stock decreased by 6.13% to $0.92. The market value of their outstanding shares is at $1.6 million. Gaia GAIA shares declined by 6.07% to $4.96. The market value of their outstanding shares is at $116.0 million. Gambling.com Gr GAMB stock fell 5.32% to $14.8. The company's market cap stands at $546.4 million. Haoxi Health Technology HAO shares declined by 4.9% to $0.13. The company's market cap stands at $6.6 million. See Also: www.benzinga.com/money/best-communication-services-stocks/ This article was generated by Benzinga's automated content engine and reviewed by an editor. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
(The Center Square) - The City of Los Angeles’s “mansion tax” on all property over $5.15 million has led to an over 70% decrease in affected sales, resulting in significant foregone property tax revenue, according to a research preview of county assessor data from Commonwealth Title. Mott Smith, a real estate development professor at the Sol Price School of Public Policy at the University of Southern California, analyzed the effect of Measure ULA, a voter-approved tax that was marketed as a “mansion” tax to fund social services, but applies to all real estate — including offices, industrial space, shopping centers, and multifamily buildings. Smith found affected sales dropped by over 70% since April of 2023, when the measure took effect, with a worse decline for multifamily, commercial, and industrial space, while sales increased in the rest of the county and continued as normal for properties under the threshold. Smith says the impact of reduced sales means less tax revenue now and in the long term, which could require the city and county to scale back essential services, as growing deficits leave the state without the ability to provide any bailouts. “Everything from schools to police and fire to other social services are funded primarily through property tax receipts,” said Smith in an interview with The Center Square. “What Measure ULA appears to be doing is reducing property tax growth in Los Angeles County because of a bad policy in Los Angeles City at a time of probably the greatest fiscal strain we’ve seen in maybe eight to ten years.” Los Angeles City Controller Kenneth Mejia recently announced the city is “ broke ” and borrowing $80 million to cover court-ordered liability payments, suggesting the city can’t afford to lose money now. In California, property taxes are assessed at the value of the purchase price, with increases on assessed value capped at 2% per year, meaning a building purchased for $50,000 in 1980 is still taxed at $137,000, even though it may be worth over $1 million today. Because property sales reset the assessed value of the property back to the current market rate, resulting in higher property tax revenue, a slowdown in sales cuts into current revenue from the loss of non-ULA transfer taxes of 0.56% at the city and county levels, and future revenue increases from the resets. Property taxes fund most of the local government services people use, meaning lower property tax revenue can leave municipalities scrambling for funding. In Oakland , for example, half of the city’s $80 million shortfall is due to lower than expected revenue from the city’s real estate transfer tax. Smith also warned that because most buyers tend to buy property to redevelop it, a slowdown in buying means people don’t want to invest in Los Angeles. “This is a very concerning leading indicator that builders have left the LA market,” said Smith. “All the zoning in the world isn’t going to help if the builders have left.” As an illustrative example, Smith noted if a development company bought a warehouse for $4 million, invested $500,000 in renovations, and sold it for $5.5 million, the developer would get a ULA tax bill of $220,000 — or half of the pretax profit. If investors covered 80% of the cost for 80% of the profit, the developer would be left with $56,000 in pretax profit, before paying employees. For many developers, this means investing in LA just isn’t worth it.While insurance can be a valuable tool in managing risk and providing financial support in times of need, it is important to strike a balance between coverage and affordability. The fact that Mr. Zhang has invested such a significant portion of his savings into insurance raises concerns about whether he has adequately planned for his own retirement and the financial well-being of his family.
The recently proposed BRICS investment platform utilizing digital assets is poised to significantly alter the global financial landscape as it has the potential to challenge the dominance of Western financial systems, according to Professor Victoria Panova, an international relations expert at HSE University in Russia. The professor stressed the platform’s goal of empowering nations to make sovereign decisions regarding investment, leveraging new technologies to direct resources where they're most needed. She cited the substantial growth in intra-BRICS foreign direct investment (FDI), increasing from $1.1 trillion in 2011 to $3.7 trillion in 2021, as evidence of this potential. Panova also highlighted the difficulties faced by countries like Egypt and Ethiopia due to restrictive conditions imposed by the IMF, arguing that the BRICS investment platform, with its access to potentially $100 billion, can offer alternative financing free from political interference and better tailored to the needs of recipient nations. Prof. Panova emphasized that the BRICS investment platform serves as a crucial safeguard against the "restrictive, punitive, unilateral, and illegal," financial measures employed by Western nations. She proposed several avenues for African nations to cooperate with BRICS to further reduce their dependence on Western financial systems. This includes collaborative development of cross-border payment systems, the establishment of networks of corresponding banks and exchanges utilizing national currencies, and the exploration of a joint BRICS-Africa clearing and settlement system .Jared Leto took to social media to announce he finally found his missing Oscar after misplacing it three years ago.