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2025-01-21
super. ace
super. ace

Mikael Thalen is a tech and security reporter covering social media, data breaches, hackers, and more.



NEW 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. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.

NEW 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.A slide for market superstar Nvidia helped pull U.S. stock indexes down from their records. The S&P 500 fell 0.6% Monday, coming off its 57th all-time high of the year so far. The Dow Jones Industrial Average fell 0.5%, and the Nasdaq composite dropped 0.6% from its own record. Nvidia was the market’s heaviest weight after China said it’s probing the chip giant for potential antitrust violations. Stocks in Hong Kong jumped after top Chinese leaders agreed on a “moderately loose” monetary policy. Prices for oil and gold rose following the ouster of Syrian leader Bashar Assad. On Monday: The S&P 500 fell 37.42 points, or 0.6%, to 6,052.85. The Dow Jones Industrial Average fell 240.59 points, or 0.5%, to 44,401.93. The Nasdaq composite fell 123.08 points, or 0.6%, to 19,736.69. The Russell 2000 index of smaller companies fell 16.16 points, or 0.7%, to 2,392.84. For the year: The S&P 500 is up 1,283.02 points, or 26.9%. The Dow is up 6,712.39 points, or 17.8%. The Nasdaq is up 4,725.34 points, or 31.5%. The Russell 2000 is up 365.76 points, or 18%.NEW YORK — U.S. stocks are drifting around their records on Tuesday as Wall Street’s white-hot rally lets off the accelerator. The S&P 500 was virtually flat in afternoon trading, a day after rising tech stocks helped it set an all-time high for the 54th time this year. It’s climbed in nine of the last 10 days and is on track for one of its best years since the turn of the millennium. The Dow Jones Industrial Average was down by 56 points, or 0.1%, with 45 minutes remaining in trading, while the Nasdaq composite added 0.2% to its own record set a day earlier. Related Story: AT&T Boosts Profit Forecast, U.S. Steel Faces Setback AT&T rose 3.9% after it boosted its profit forecast for the year. It also announced a $10 billion plan to send cash to its investors by buying back its own stock, while saying it expects to authorize another $10 billion of repurchases in 2027. On the losing end of Wall Street was U.S. Steel, which fell 7.9%. President-elect Donald Trump reiterated on social media that he would not let Japan’s Nippon Steel take over the iconic Pennsylvania steelmaker. Nippon Steel announced plans last December to buy the Pittsburgh-based steel producer for $14.1 billion in cash, raising concerns about what the transaction could mean for unionized workers, supply chains and U.S. national security. Earlier this year, President Joe Biden also came out against the acquisition. Related Story: Tesla Faces Legal Setback, Job Market Remains Strong Tesla sank 2.1% after a judge in Delaware reaffirmed a previous ruling that the electric car maker must revoke Elon Musk’s multibillion-dollar pay package. The judge denied a request by attorneys for Musk and Tesla’s corporate directors to vacate her ruling earlier this year requiring the company to rescind the unprecedented pay package. In the bond market, Treasury yields held relatively steady after a report showed U.S. employers were advertising slightly more job openings at the end of October than a month earlier. Continued strength there would raise optimism that the economy could keep avoiding a recession that many investors had earlier thought was inevitable. The yield on the 10-year Treasury rose to 4.22 from 4.20% from late Monday. Yields have seesawed since Election Day amid worries that Trump’s preferences for lower tax rates and bigger tariffs could spur higher inflation along with economic growth. But traders are still confident the Federal Reserve will cut its main interest rate again at its next meeting in two weeks. They’re betting on a nearly three-in-four chance of that, according to data from CME Group. Lower rates can help give the economy more juice, but they can also give inflation more fuel. The key report this week that could guide the Fed’s next move will arrive on Friday. It’s the monthly jobs report, which will show how many workers U.S. employers hired and fired during November. It could be difficult to parse given how much storms and strikes distorted figures in October. Based on trading in the options market, Friday’s jobs report appears to be the biggest potential market mover until the Fed announces its next decision on interest rates Dec. 18, according to strategists at Barclays Capital. Related Story: Global Markets React to U.S.-China Tensions and Political Developments Since his victory, Trump has broadcasted his plans for tariffs, including for goods coming from China. Trade relations between the U.S. and China took another step backward after China said it is banning exports to the U.S. of gallium, germanium, antimony and other key high-tech materials with potential military applications. The counterpunch came swiftly after the U.S. Commerce Department expanded the list of Chinese technology companies subject to export controls to include many that make equipment used to make computer chips, chipmaking tools and software. The 140 companies newly included in the so-called “entity list” are nearly all based in China. In financial markets abroad, the value of South Korea’s currency fell 0.9% against the U.S. dollar following a frenetic night where President Yoon Suk Yeol declared martial law and then later said he’d lift it after lawmakers voted to reject military rule. Stocks of Korean companies that trade in the United States also fell, including a 1.3% drop for SK Telecom. Japan’s Nikkei 225 jumped 1.9% to help lead global markets. Some analysts think Japanese stocks could end up benefiting from Trump’s threats to raise tariffs on China and other countries. Indexes rose 1% in Hong Kong and 0.4% in Shanghai amid unconfirmed reports that Chinese leaders would meet next week to discuss planning for the coming year. Investors are hoping it may bring fresh stimulus to help spur growth in the world’s second-largest economy. In France, the CAC 40 rose 0.3% amid continued worries about politics in Paris, where the government is battling over the budget.

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Stock market today: Nvidia drags Wall Street lower as oil and gold rise

SAN ANTONIO , Nov. 22, 2024 /PRNewswire/ -- The 2025 Hyundai Santa Cruz XRT has been named the Compact Truck of Texas at the Texas Auto Writers Association (TAWA) annual Truck Rodeo held Sept. 26-27, 2024 . The TAWA Texas Truck Rodeo is a prominent annual event where top automotive media evaluate new vehicles based on performance, value, and overall appeal. Competing against strong contenders, the updated 2025 Santa Cruz XRT impressed judges with its rugged design, advanced technology, and enhanced off-road capability. "We are thrilled to see the 2025 Hyundai Santa Cruz XRT recognized as the 'Compact Truck of Texas .' This award reflects our commitment to offering customers a versatile, fun-to-drive vehicle that is not only capable off-road but also packed with cutting-edge technology and design," said Ricky Lao , director of product planning, Hyundai Motor North America. "The Santa Cruz XRT brings together rugged capability with advanced safety features, making it the perfect choice for adventure-minded consumers seeking the best of both worlds." "The Texas Truck Rodeo is a premier event where vehicles are put to the test by seasoned automotive journalists, and the competition this year was fierce. The 2025 Hyundai Santa Cruz XRT stood out for its impressive blend of rugged off-road capability, cutting-edge technology, and unique design," said Cory Fourniquet , president, Texas Auto Writers Association. "This recognition as the 'Compact Truck of Texas' is well-deserved and highlights Hyundai's commitment to delivering versatile and innovative vehicles that meet the needs of Texas drivers." The 2025 Santa Cruz XRT, featuring a new aggressive front design, XRT-exclusive enhancements including front tow hooks, all-terrain tires, and wrench-inspired wheels, sets a new standard. The model's updated interior boasts a panoramic curved display with an available 12.3-inch driver information cluster and infotainment touchscreen display, alongside standard wireless Apple CarPlay® and Android AutoTM, providing an intuitivedriving experience. Hyundai Motor America Hyundai Motor America offers U.S. consumers a technology-rich lineup of cars, SUVs, and electrified vehicles, while supporting Hyundai Motor Company's Progress for Humanity vision. Hyundai has significant operations in the U.S., including its North American headquarters in California , the Hyundai Motor Manufacturing Alabama assembly plant, the all-new Hyundai Motor Group Metaplant America, and several cutting-edge R&D facilities. These operations, combined with those of Hyundai's 835 independent dealers, contribute $20.1 billion annually and 190,000 jobs to the U.S. economy, according to a recent economic impact report . For more information, visit www.hyundainews.com . Hyundai Motor America on Twitter | YouTube | Facebook | Instagram | LinkedIn | TikTok SOURCE HyundaiThousands demand lower rents at Barcelona demo

“Dawson’s Creek” star James Van Der Beek is selling movie-themed merchandise to help finance his and others’ cancer treatment. The 47-year-old actor, who revealed his colorectal cancer diagnosis last month, took to social media to unveil his crowd-funding initiative. He shared images wearing a “Varsity Blues” jersey while holding a football on his official Instagram account. “100% of my net proceeds will go to families recovering from the financial burden of cancer (including my own - [smile emoji]),” he wrote in the caption. The limited-edition jerseys bear the number 4, worn by Jonathon “Mox” Moxon, the Texas high school quarterback Van Der Beek portrayed in the 1999 sports movie. Autographed jerseys are $80 and unsigned jerseys are priced at $40 on his official website. “Order one and get a signed one in time for Christmas,” the “Pose actor encouraged his 1.6 million followers with the hashtag “#cancerisexpensive.” But his fundraising goals aren’t limited to social media. Van Der Beek is among several male celebrities featured in “The Real Full Monty,” a new take on the Oscar nominated 1997 British comedy “The Full Monty,” in which a group of unemployed men in England do a Chippendales-style striptease to score extra cash. He joins fellow actors Anthony Anderson, Tyler Posey and Taye Diggs, “Dancing With the Stars” judge Bruno Tonioli and Kansas City Chiefs defensive tackle Chris Jones to raise awareness for prostate, testicular and colorectal cancer testing and research. In early November, the married father of six revealed he had been diagnosed with stage 3 colorectal cancer. “I’ve been privately dealing with this diagnosis and have been taking steps to resolve it, with the support of my incredible family, ” Van Der Beek told People magazine. He went on to detail how differences in his bowel movements led him to consider diet changes to cure potential issues. After not noticing a change, he scheduled a colonoscopy and later “went into shock” when his gastroenterologist gave him the results. ©2024 New York Daily News. Visit at nydailynews.com . Distributed by Tribune Content Agency, LLC.

ATHENS, Ohio (AP) — AJ Clayton scored 16 points as Ohio beat Robert Morris 84-68 on Saturday. Clayton had seven rebounds for the Bobcats (3-5). Victor Searls scored 14 points and added seven rebounds. Jackson Paveletzke and Aidan Hadaway both scored 11 points. The Colonials (6-3) were led by Josh Omojafo, who recorded 15 points. Antallah Sandlin'El added 14 points for Robert Morris. Alvaro Folgueiras finished with 12 points and seven rebounds. The loss ended a six-game winning streak for the Colonials. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .

49ers RBs Christian McCaffrey, Jordan Mason placed on IR

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