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How the stock market defied expectations again this year, by the numbers NEW YORK (AP) — What a wonderful year 2024 has been for investors. U.S. stocks ripped higher and carried the S&P 500 to records as the economy kept growing and the Federal Reserve began cutting interest rates. The benchmark index posted its first back-to-back annual gains of more than 20% since 1998. The year featured many familiar winners, such as Big Tech, which got even bigger as their stock prices kept growing. But it wasn’t just Apple, Nvidia and the like. Bitcoin and gold surged and “Roaring Kitty” reappeared to briefly reignite the meme stock craze. Stock market today: Stocks waver in thin trading after US markets reopen following a holiday pause Stocks are wavering on Wall Street as gains in tech companies and retailers help temper losses elsewhere in the market. The S&P 500, Nasdaq composite and Dow Jones Industrial Average were down by less than 0.1% in afternoon trading Thursday. Trading volume is lighter than usual as U.S. markets reopened following the Christmas holiday. The Labor Department reported that U.S. applications for unemployment benefits held steady last week, though continuing claims rose to the highest level in three years. Treasury yields fell. U.S. markets have historically gotten a boost at year’s end despite lower trading volumes. Israel strikes Houthi rebels in Yemen's capital while the WHO chief says he was meters away JERUSALEM (AP) — A new round of Israeli airstrikes in Yemen have targeted the Houthi rebel-held capital of Sanaa and multiple ports. The World Health Organization’s director-general said the bombardment on Thursday took place just “meters away” as he was about to board a flight in Sanaa. He says a crew member was hurt. The strikes followed several days of Houthi attacks and launches setting off sirens in Israel. Israel's military says it attacked infrastructure used by the Houthis at the international airport in Sanaa, power stations and ports. The Israeli military later said it wasn’t aware that the WHO chief was at the location in Yemen. Holiday shoppers increased spending by 3.8% despite higher prices New data shows holiday sales rose this year even as Americans wrestled with still high prices in many grocery necessities and other financial worries. According to Mastercard SpendingPulse, holiday sales from the beginning of November through Christmas Eve climbed 3.8%, a faster pace than the 3.1% increase from a year earlier. The measure tracks all kinds of payments including cash and debit cards. This year, retailers were even more under the gun to get shoppers in to buy early and in bulk since there were five fewer days between Thanksgiving and Christmas. Mastercard SpendingPulse says the last five days of the season accounted for 10% of the spending. Sales of clothing, electronics and Jewelry rose. Finland stops Russia-linked vessel over damaged undersea power cable in Baltic Sea FRANKFURT, Germany (AP) — Finnish police say authorities detained a ship linked to neighboring Russia as they investigate whether it damaged a Baltic Sea power cable and several data cables. It was the latest incident involving disruption of key infrastructure. Police and border guards boarded the Eagle S and took control as they investigate damage to the Estlink-2 undersea power cable. The cable brings electricity from Finland to Estonia across the Baltic Sea. The cable went down on Wednesday. The incident follows damage to two data cables and the Nord Stream gas pipelines. Both have been termed sabotage. Russian ship that sank in the Mediterranean was attacked, owner says MOSCOW (AP) — The Russian operator of a cargo ship that sank in the Mediterranean Sea between Spain and Algeria says it has been hit by a series of explosions in an act of sabotage. Oboronlogistica is a state-controlled company that operated the Ursa Major freighter. The company said the vessel was wrecked by three powerful explosions just above the water line in what it described as a “terrorist attack” that caused it to sink on Monday. The company said in a statement carried by Russia’s state RIA Novosti news agency on Thursday that the explosions left a hole in the ship’s starboard and filled the engine room with acrid smoke. That hampered the crew’s attempts to access it. Undersea power cable linking Finland and Estonia hit by outage, prompting investigation FRANKFURT, Germany (AP) — Finland’s prime minister says authorities are investigating an interruption in a power cable under the Baltic Sea between his country and Estonia. Petteri Orpo said on X that power transmission through the Estlink-2 cable suffered an outage Wednesday. Authorities have been on edge about undersea infrastructure in the Baltic after two international data cables were severed in November and the Nord Stream gas pipelines between Russia and Germany were blown up in September 2022. Japan to maximize nuclear power in clean-energy push as electricity demand grows TOKYO (AP) — A Japanese government panel has largely supported a draft energy policy calling for bolstering renewables up to half of Japanese electricity needs by 2040. It also recommends maximizing the use of nuclear power to accommodate the growing demand for power in the era of AI while meeting decarbonization targets. Cabinet is expected to formally approve the plan by March following a period of public consultation. The policy says nuclear energy should account for 20% of Japan’s energy supply in 2040, with renewables expanded to 40-50% and coal-fired power reduced to 30-40%. Working Well: Returning to the office can disrupt life. Here are some tips to navigate the changes NEW YORK (AP) — Thousands of workers are facing an unsettling reality heading into 2025. After years of working from the comfort of home, they're being told it’s time to return to the office full-time for the first time since the coronavirus pandemic. That can bring a host of challenges, including losing time with family. Workers at Amazon, AT&T and other companies have been called back to the office five days a week. Experts have advice to share about how to navigate the changes when an employer calls you back to the office. Workers can convey what they need, seek flexibility and if all else fails, consider other options. US applications for unemployment benefits hold steady, but continuing claims rise to 3-year high WASHINGTON (AP) — The number of Americans applying for unemployment benefits held steady last week, though continuing claims rose to the highest level in three years. The US Labor Department reported Thursday that jobless claim applications ticked down by 1,000 to 219,000 for the week of Dec. 21. That’s fewer than the 223,000 analysts forecast. Continuing claims, the total number of Americans collecting jobless benefits, climbed by 46,000 to 1.91 million for the week of Dec. 14. That’s more than analysts projected and the most since the week of Nov. 13, 2021. Weekly applications for jobless benefits are considered representative of U.S. layoffs.Gap Inc. Reports Third Quarter Fiscal 2024 Results, Raises Full Year Outlook

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Polish-Hungarian relations have reached an all-time low after Hungary granted asylum to a wanted Polish ex-minister as a "political refugee." Prime Minister Viktor Orban has indicated he is open to further cases. For more than 150 years, Poland and Hungary have been linked in a remarkable way. Both nations supported each other in their efforts for independence. Freedom fighters from both countries rushed to help each other in existential historical moments, such as during the anti-Habsburg revolution of 1848. In 1956, when Hungary underwent an anti-communist revolution, Poles spontaneously organized blood drives for the victims of the Soviet invasion. "Pole and Hungarian brothers be" is a well-known proverb in both countries. Since 2007, there has even been an official day dedicated to Polish-Hungarian friendship, March 23. Hungary's Prime Minister Viktor Orban admired the Poles' deep desire for freedom and their anti-communist struggle so much that he wrote his thesis as law student in 1987 on "Polish social self-organization using the example of the Solidarity trade union." However, Orban of all people has now caused an all-time low in the countries' relations. On December 19, he granted asylum to the former Polish Deputy Justice Minister Marcin Romanowski, who is wanted on a European arrest warrant. Political collision This decision promptly led to a political head-on clash between Poland and Hungary, whose relations have already been dire since the change of power in Poland in December 2023. Polish Foreign Minister Radoslaw Sikorski described the move as "an action contrary to the fundamental principle of loyal cooperation" as laid out in the EU treaties. He also recalled the Polish ambassador to Hungary for "indefinite consultations" and summoned the Hungarian ambassador in Warsaw to give him a protest note. This kind of diplomatic escalation is extremely rare between EU countries . Poland's Prime Minister Donald Tusk also compared Orban's Hungary to the regime of dictator Alexander Lukashenko in Belarus. In May 2024, a Polish judge who is under investigation for abuse of office and leaking state secrets had fled to Belarus . "I did not expect corrupt politicians escaping justice would be able to choose between [Belarusian President Alexander] Lukashenko and Orban," Tusk said. 'Liberal rainbow coalition' The Hungarian Prime Minister had already indicated on December 19 that he would grant asylum to "Polish political refugees". In an interview with the conservative pro-government Hungarian news portal Mandiner, he also called the current Polish government a "liberal rainbow coalition" that "uses the rule of law and legal means to get even with its political opponents." Polish-Hungarian relations are "at a low point because the liberal Polish rainbow coalition is unable to distinguish between party and state politics," Orban said. In reality, however, the governing coalition of the liberal-conservative Polish Prime Minister Tusk is trying to do exactly the opposite. It wants to untangle the nexus of party and state politics that existed under the previous national-conservative government and to investigate its corruption scandals. One of the people at the center of the investigation is the former Deputy Justice Minister Marcin Romanowski. Lifting immunity Between 2019 and 2023, Romanowski used to be in charge of the Justice Fund which was designed to support victims of crime. However, the public prosecutor has charged the politician with 11 criminal offenses, including membership of a criminal organization, embezzlement and manipulation in the allocation of money from the fund. The sum of the disputed funds amounts to around 112 million Polish zloty (approx. €25 million/$27.3 million). The 48-year-old MP from the former ruling and now opposition Law and Justice party (PiS) was briefly arrested in July, but was later released. As a member of the Parliamentary Assembly of the Council of Europe, he enjoyed immunity. However, this immunity was lifted by the body in October. On December 9, a court in Warsaw ordered Romanowski to be remanded in custody for three months. Only, by then, he had already gone into hiding and fled to Hungary . On December 20, Romanowski posted on social media that asylum for a member of the Polish opposition was a "strong warning signal for Tusk's regime." He said he wanted to continue working from Budapest for a "sovereign, Christian and strong Poland." His goal is to "abolish the Tusk regime." More asylum cases The affair exemplifies the severe level of problems the Tusk government faces in restoring the rule of law in Poland. Poland's judiciary, including the Constitutional Court, remain heavily dominated by PiS supporters. Moreover, also President Andrzej Duda, who is close to the PiS, continues to delay all government reforms as much as possible. This could give an idea on the problems Hungary will face after a possible change of power. Moreover, it is not the first time that a prominent corruption suspect has been granted asylum in Hungary. In 2018, the former Macedonian head of government Nikola Gruevski had fled to Hungary where he received asylum. In the more recent years, the Hungarian government has also granted temporary refuge to several politicians from the Hungarian minority in Romania. For Poland, however, the escape of a member of parliament is a precedent, comments the conservative Polish daily newspaper Rzeczpospolita. "Romanowski has asked an ally of Putin for help. It is a disgrace to be an ally of Putin's ally ," the paper writes. In Hungary, the left-wing portal Merce ran the headline "The Hungarian government is using refugee protection to save political allies." Open for more Polish politicians Both Polish and Hungarian media outlets are now speculating which PiS politician will be the next to leave for Hungary. It may well be MEP Daniel Obajtek, former head of the Polish oil company Orlen. For years, Obajtek has been involved in numerous corruption scandals. Among other charges, he is facing prosecution for manipulating Orlen tenders. Hungary's Orban vows to defy ICC's Netanyahu arrest warrant To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video The speculation about Obajtek was fueled by Orban on December 22 during his annual end-of-year press conference. After a female journalist specifically asked about the former head of Orlen, Hungary's prime minister — who is known for his misogynistic remarks — said: "I don't know if we're thinking of the same man because you never know which man is in a woman's head." However, as Obajtek is a Member of the European Parliament, there is no need to deal with him, Orban said, referring to the man's immunity. The prime minister added, "Generally speaking, we have to be prepared for the fact that there will and could be more cases like this." This article was originally written in German.ATLANTA (AP) — Georgia Senate Republicans recommended on Friday that the state write laws banning transgender girls and women from participating in high school and college sports, setting the stage for action in the 2025 legislative session. The vote by a committee that was studying the issue is hardly a surprise. Lt. Gov. Burt Jones — a possible Republican contender for governor in 2026 — announced almost identical goals at the panel's first meeting in August . It’s an issue that’s already been addressed in Georgia. Legislators in 2022 empowered the Georgia High School Association to regulate transgender students' participation in sports. The association, which regulates sports and activities for all public schools and some private schools, then banned transgender boys and girls from playing on the school sports teams matching their gender identity. Jones and others argue that doesn't go far enough and that lawmakers themselves need to act. It's a sign Republicans believe there is more political gain in fears about transgender women playing women’s sports or using women’s bathrooms. At least 26 mostly Republican states have passed laws or rules to restrict transgender girls from participating high school sports and, in some cases, transgender women from college sports , according to the Movement Advancement Project, a gay rights group. In Georgia, additional action appears more likely now after House Speaker Jon Burns and Gov. Brian Kemp, both Republicans, have voiced support for further legislation. Jeff Graham, executive director of the LGBTQ+ advocacy group Georgia Equality, said his group is playing defense, concerned about the possibility of other bills that could further restrict gender-affirming care or ban transgender people from using public bathrooms that match their gender identity. “We’re expecting that it’ll be at least what we saw in 2023 and 2024, with the number of bills and more than likely laws,” Graham told reporters Friday. But Burns, from Newington, has said he's not interested in other bills dealing with transgender people besides those dealing with girls' and women's sports. Republican State Sen. Greg Dolezal, of Cumming, who led the Senate study committee, said Friday that he, too, is not interested in a broader bill regulating bathroom usage, although his committee recommended that schools that host sporting events require athletes to use locker rooms based on their assigned sex at birth. Dolezal said senators would seek to write legislation that regulated public schools and colleges, as well as private institutions that compete against public schools and colleges. The committee also recommends that people be able to sue or file grievances if schools break the rules, and that state money be withheld from schools that break the rules. Supporters of more action have focused on the 2022 NCAA women’s swimming championships at Georgia Tech in Atlanta, where Lia Thomas, a transgender woman, swam for the University of Pennsylvania and won the 500-meter freestyle . The NCAA has since revised its policy on transgender women’s participation, saying it will follow the rules of respective athletics federations. World Aquatics, the swimming governing body, banned transgender women who have been through male puberty from competing in women’s races. That means Thomas wouldn’t be allowed to swim in NCAA events today. “My basic contention that this is a solution in search of a problem remains,” Graham said. He said he fears that many people who oppose laws that seek to restrict transgender people will be afraid to testify and lobby at the Georgia Capitol, citing assault charges against a man accused of shaking U.S. Rep. Nancy Mace in a Capitol office building in Washington, D.C. Dolezal repeatedly tried to turn down the emotional temperature of the issue on Friday. “I think that there’s a group of people that wants to be respected and I think that they deserve respect,” Dolezal told reporters. “But I also think that you can be respectful, but also recognize that in the sporting arena, fairness and competition is important.”

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For as long as I can recall during my 54 years on this planet, holidays at our family farm have always included my mom serving eggnog during the holidays from small “milk glass” special cups with a colorful etching reading the words “eggnog.” Her set dates back to the 1950s when the vintage glassware was produced by Hazel-Atlas Company, founded in 1902 in Washington, Pennsylvania. Originally, this company specialized in making the small, flat “milk glass” containers for products such as lotions, “cold cream,” salves and ointments. Toasting our holiday cheers and greetings with these cups always rates a smile. The lyrics for the song “Jingle Bells” are featured on the backside of each cup. Decades later in the 1990s, our good family friend Irene Jakubowski of Valparaiso gifted us with her similar themed Hazel-Atlas Company “milk glass” holiday set of cups and a matching small punch bowl. Her set features the etching of the words “Tom & Jerry,” the latter being another popular eggnog-based drink that is served warm (as opposed to room temp or chilled) and was dreamed up by British writer and journalist Pierce Egan around 1820. My recent fascination for the history of eggnog was inspired by my Christmas morning reading from the 2024 “Little Blue Book” of Advent devotions and reflections provided by our priest. These handy palm-size booklets also include “black cover” editions in the spring for Lenten devotions, and both are printed and published by the Diocese of Saginaw, as based on the writings and research of the late Bishop Ken Untener who died in 2004. Today, his writings and publications are continued by editor Erin Looby Carlson with illustrations by MaryBeth O’Connor and graphic designs by Cathy Gerkin, with editorial support by Jenny Cromie. Page 18 in this season’s booklet carries the heading “An Egg-cellent idea” and features this fun and informative passage: “If you’ve been to the grocery store recently or have attended a holiday gathering, you’ve probably noticed the eggnog has arrived for the season. But where did this holiday staple (originally made with raw eggs) originate? It is believed to have come from a medieval British drink called ‘posset,’ which called for hot milk and spices and was curdled with ale or wine. It was used to toast to health, happiness, and wealth. Centuries later, the drink continued to evolve, and monks are credited with adding their own twist — the whipped eggs we have today. By the 17th century, the drink had become associated with Christmas in England. It also was known as ‘egg flip’ and often served with a portion of wine. In America, rum (grog) was substituted for wine. President George Washington and wife Martha often added whiskey and sherry to the rum mixture and is said to have served it to guests at their estate Mount Vernon. A best-selling brand of ‘rompope’ (the Latin American term for eggnog) was first made in the Convent of Santa Clara in Puebla, Mexico, and features a picture of the nuns on the bottle.” It’s not only our founding father President Washington and wife Martha who sipped eggnog throughout the year and not just at Christmastime. Eggnog is a rich and indulgent drink that has been traditionally enjoyed by upper-class society dating back to the days of British aristocracy of the late 1700s and throughout the 1800s. Because nobility and aristocrats often owned country estates with unlimited access to coveted products like eggs, cream and milk, eggnog ingredients were easily available any day of the year. The same tastes and traditions of wealthy society families continued in the Thirteen Colonies and, later, along the East Coast in Newport, the Hamptons and other landscapes of the privileged and “old money set.” Playwright and Yale graduate A.R. Gurney, who was born in an upper-class and very socially connected family, includes an eggnog reference in his 1988 play “Love Letters” when lead character Andrew Makepeace Ladd III writes to his college co-ed date Melissa Gardner sharing details and plans for her weekend visit to his college campus. “Here’s the schedule, starting with lunch at Calhoun around noon,” Andrew writes. “Then drive out to the game. Then there’s a Sea-Breeze Cocktail party at the Fence Club afterwards, and an Eggnog brunch at Saint Anthony’s the next day. I’ll reserve a room for you at the Taft or the Duncan, probably the Taft, since the Duncan is a pretty seedy joint.” Melissa’s written reply reads: “Then make it the Duncan. I hear the Taft is loaded with parents, all milling around the lobby, keeping tabs on who goes up in the elevators. Can’t WAIT till the 16th.” Portraits of President George Washington and first lady Martha were featured on a 1930s postcard designating the Washington Headquarters in Morristown, New Jersey. George and Martha liked their own recipe for eggnog to toast the holidays and everyday occasions. (Boston Public Library Collection/provided) As for George and Martha, they definitely loved to entertain with assorted spirits and libations, not only at their own home Mount Vernon, but also while president and first lady before the White House we know today, when the president and first lady still lived for the first three months on Pearl Street in New York City in 1789. White House records indicate the first couple spent $321.25 on alcohol in their first few months in office, the equivalent of more than $3,585 in today’s dollars. George was fond of ordering his Jamaican rum by “the hogshead cask,” which was close to 80 gallons. He also favored Madeira wine, ordered to be stocked up with 27 gallons at all times, and 252 gallons of the wine ordered at Christmastime for $1.60 a gallon. To be fair, written records reveal George requested the large wine order for serving his entire Army Commission for the holiday. Historian Stephen Decatur Jr., a leading expert on the Washington household, discovered the servants of the Washington household were allowed “unrestricted access to as much cider from the cellars as desired,” as batches were “milled for $5 a barrel by the Huguenot patriot Elias Boudinot from his Bergen County New Jersey farm.” Martha’s holiday menu favorites included chowders, cured ham, roast chicken, yams, goose, bread pudding, cherry and pumpkin pies and roast beef. The specialty items Martha favored included chestnuts, capers, anchovies, crab meat, almonds, assorted Cheshire cheeses, sugar tarts and rum fruit punch or imported Canary Island wine. Even though Martha Washington burned much of her personal correspondence with George after his death on Dec. 14, 1799, a recipe for the family eggnog dated around the time of the president’s death remained with other menus and records. Columnist Philip Potempa has published four cookbooks and is the director of marketing at Theatre at the Center. He can be reached at pmpotempa@powershealth.org or mail your questions: From the Farm, PO Box 68, San Pierre, Ind. 46374. George and Martha Washington Eggnog Makes 2 gallons 1 quart milk 1 quart cream 1 dozen eggs 1 dozen tablespoons of sugar 1 pint cognac 1 pint rye or Irish whiskey 3/4 pint Jamaica rum 1/4 pint sherry Directions: Separate yolks and whites of eggs. Add sugar to beaten yolks and mix well. Add liquor mixture drop by drop at first, slowly beating, then add milk. Beat cream until stiff and fold into mixture. Beat egg whites until stiff and fold slowly into mixture, tasting frequently.TD Cowen Boosts Workhorse Group (NASDAQ:WKHS) Price Target to $1.25

Nazmie was shivering after assault, court toldKings fire coach Mike Brown less than halfway through his 3rd season, AP source says The Sacramento Kings have fired coach Mike Brown less than halfway through his third season with the team mired in a five-game losing streak, a person familiar with the decision told The Associated Press. The person spoke on condition of anonymity because the firing hadn’t been announced by the team. ESPN first reported the firing. Brown won NBA Coach of the Year in his first season in 2022-23, when he helped Sacramento end the longest playoff drought in NBA history at 16 seasons. But Sacramento lost in the play-in tournament last year and was off to a 13-18 start this season. Injured Philadelphia Eagles quarterback Jalen Hurts won't play Sunday against Dallas PHILADELPHIA (AP) — Injured Philadelphia Eagles quarterback Jalen Hurts won't play Sunday against Dallas. Hurts is still in the NFL concussion protocol. The Eagles will turn to backup Kenny Pickett on Sunday because Hurts is dealing with the lingering effects of a concussion suffered against Washington. Hurts was injured early at Washington after his head slammed against the ground on one run and he was hit in the helmet by Commanders linebacker Frankie Luvu at the end of another. Hurts isn’t healthy enough to play just yet. Browns restructure QB Deshaun Watson's contract to create cap space, flexibility, AP source says BEREA, Ohio (AP) — A person familiar with the situation tells The Associated Press the Cleveland Browns have again restructured quarterback Deshaun Watson’s massive contract to create salary-cap space and give them future flexibility. Watson has been limited to just 19 games in three seasons because of an NFL suspension and injuries with the Browns, who signed him to a five-year, $230 million fully guaranteed contract in 2022. The restructuring allows the team to spread out the salary-cap hit after the 2026 season, said the person, who spoke on condition of anonymity because the team does not disclose contract details. Sportscaster Greg Gumbel dies from cancer at age 78 NEW YORK (AP) — Longtime CBS sportscaster Greg Gumbel has died from cancer, according to a statement from family released by CBS on Friday. He was 78. In March, Gumbel missed his first NCAA Tournament since 1997 due to what he said at the time were family health issues. Gumbel was the studio host for CBS since returning to the network from NBC in 1998. Gumbel signed an extension with CBS last year that allowed him to continue hosting college basketball while stepping back from NFL announcing duties. Navy gets 95-yard TD run from Horvath and stops 2-point try to beat Oklahoma in Armed Forces Bowl FORT WORTH, Texas (AP) — Blake Horvath set a Navy record with a 95-yard touchdown run and scored a go-ahead 6-yarder with 4:34 left as the Midshipmen overcame an early two-touchdown deficit and stopped a late 2-point conversion attempt to beat Oklahoma 21-20 in the Armed Forces Bowl. The Sooners got a 10-yard touchdown pass from Michael Hawkins Jr. to Jake Roberts with six seconds left, but Hawkins was sacked by Justin Reed on the conversion try. Navy reached 10 wins for the first time since 2019, which had been their last winning season. Oklahoma has its second losing season in Brent Venables' three years as coach. Mavs star Luka Doncic will be out about a month before check on calf injury, AP source says DALLAS (AP) — A person with knowledge of the injury says Dallas Mavericks superstar Luka Doncic will be out about a month before being re-evaluated for a calf injury sustained in a Christmas Day loss to Minnesota. Doncic has undergone an MRI on his strained left calf. The absence is almost certain to be long enough to disqualify the five-time All-NBA player from consideration for that and other major awards, including MVP. Doncic had already missed eight games this season before his latest injury. What Snoop wants: Arizona Bowl gives NIL opportunities to players for Colorado State, Miami (Ohio) TUCSON, Ariz. (AP) — When Snoop Dogg agreed to become the sponsor of the Arizona Bowl, he had a demand: It must have a NIL component. Other bowls have provided NIL chances for single players the past few years, but the Arizona Bowl is believed to be the first to offer NIL compensation to every player on both Colorado State and Miami (Ohio). The players participated in youth clinics before Saturday's game and will be compensated for their time. No. 20 Colorado cherishing matchup with No. 17 BYU in Alamo Bowl as Sanders, Hunter complete careers SAN ANTONIO (AP) — Colorado is relishing the chance to end its season on a high note regardless of the outcome of the Valero Alamo Bowl. No. 20 Colorado (9-3, No. 23 CFP) will face the 17th-ranked BYU Cougars (10-2, No. 17 CFP) in the Alamo Bowl on Saturday. While a number of teams are shuffling their roster with players opting out of bowl games to enter the transfer portal or prepare for the NFL Draft, the Buffaloes have their entire two-deep roster available. Colorado coach Deion Sanders honored his players’ commitment by securing additional disability insurance coverage for his team, including record coverage for his star duo of Heisman Trophy winner Travis Hunter and quarterback son Shedeur. Former NFL receiver DeSean Jackson hired as the football coach at Delaware State DOVER, Del. (AP) — Former NFL receiver DeSean Jackson is taking over the football program at Delaware State. The school announced Jackson’s hire Friday in the latest move by a Mid-Eastern Athletic Conference program to hire a former NFL star as its football coach. Norfolk State hired Michael Vick last week. Jackson joins a growing list of former NFL standouts who have taken over HBCU programs in recent years. Deion Sanders had success at Jackson State before heading to Colorado, and Eddie George guided Tennessee State to the FCS playoffs this year. Alex Ovechkin takes part in a full Capitals practice. He could return Saturday at Toronto ARLINGTON, Va. (AP) — Alex Ovechkin could return to the Washington Capitals lineup when they visit the Toronto Maple Leafs in their first game back from the NHL’s Christmas break. Several signs point to Ovechkin returning Saturday night after missing five weeks with a broken left leg. Ovechkin skated with regular linemates Dylan Strome and Aliaksei Protas and took part in power play drills in practice Friday. Coach Spencer Carbery said things were trending the right way for Ovechkin to play but wanted to see how the 39-year-old comes out of a full practice before making a decision Saturday.

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ATLANTA (AP) — Already reeling from their November defeats, Democrats now are grappling with President Joe Biden’s pardoning of his son for federal crimes, with some calling the move misguided and unwise after the party spent years slamming Donald Trump as a threat to democracy who disregarded the law. The president pardoned Hunter Biden late Sunday evening, reversing his previous pledges with a grant of clemency that covers more than a decade of any federal crimes his son might have committed. The 82-year-old president said in a statement that his son’s prosecution on charges of tax evasion and falsifying a federal weapons purchase form were politically motivated. “He believes in the justice system, but he also believes that politics infected the process and led to a miscarriage of justice,” said White House press secretary Karine Jean-Pierre, who along with Biden and other White House officials insisted for months that Hunter Biden would not get a pardon . That explanation did not satisfy some Democrats, angry that Biden’s reversal could make it harder to take on Trump , who has argued that multiple indictments and one conviction against him were a matter of Biden and Democrats turning the justice system against him. “This is a bad precedent that could be abused by later Presidents and will sadly tarnish his reputation,” Colorado Gov. Jared Polis wrote of Biden on the social media platform X. “When you become President, your role is Pater familias of the nation,” the governor continued, a reference to the president invoking fatherhood in explaining his decision. “Hunter brought the legal trouble he faced on himself, and one can sympathize with his struggles while also acknowledging that no one is above the law, not a President and not a President’s son.” Rep. Greg Stanton, D-Ariz., said on X: “This wasn’t a politically motivated prosecution. Hunter committed felonies and was convicted by a jury of his peers.” Colorado Sen. Michael Bennet said Biden “put personal interest ahead of duty” with a decision that “further erodes Americans’ faith that the justice system is fair and equal for all.” Michigan Sen. Gary Peters said the pardon was “an improper use of power” that erodes faith in government and “emboldens others to bend justice to suit their interests.” Sen. Peter Welch, D-Vt., called the pardon “understandable” if viewed only as the “action of a loving father.” But Biden’s status as “our nation’s Chief Executive,” the senator said, rendered the move “unwise.” Certainly, the president has Democratic defenders who note Trump’s use of presidential power to pardon a slew of his convicted aides, associates and friends, several for activities tied to Trump’s campaign and first administration. “Trump pardoned Roger Stone, Steve Bannon, Michael Flynn and Paul Manafort, as well as his son-in-law’s father, Charles Kushner — who he just appointed US ambassador to France,” wrote prominent Democratic fundraiser Jon Cooper on X. Democratic National Committee Chairman Jaime Harrison said there “is no standard for Donald Trump, and the highest standard for Democrats and Joe Biden.” Harrison pointed to Trump’s apparent plans to oust FBI Director Christopher Wray and replace him with loyalist Kash Patel and suggested the GOP’s pursuit of Hunter Biden would not have ended without clemency. “Most people will see that Joe Biden did what was right,” Harrison said. First lady Jill Biden said Monday from the White House, “Of course I support the pardon of my son.” Democrats already are facing the prospects of a Republican trifecta in Washington, with voters returning Trump to the White House and giving the GOP control of the House and Senate. Part of their argument against Trump and Republican leaders is expected to be that the president-elect is violating norms with his talk of taking retribution against his enemies. Before beating Vice President Kamala Harris, Trump faced his own legal troubles, including two cases that stemmed from his efforts to overturn his defeat to Joe Biden in the 2020 presidential election. Those cases, including Trump’s sentencing after being convicted on New York state business fraud charges, have either been dismissed or indefinitely delayed since Trump’s victory on Nov. 5, forcing Democrats to recalibrate their approach to the president-elect. In June, President Biden firmly ruled out a pardon or commutation for his son, telling reporters as his son faced trial in the Delaware gun case: “I abide by the jury decision. I will do that and I will not pardon him.” As recently as Nov. 8, days after Trump’s victory, Jean-Pierre ruled out a pardon or clemency for the younger Biden, saying: “We’ve been asked that question multiple times. Our answer stands, which is no.” The president’s about-face came weeks before Hunter Biden was set to receive his punishment after his trial conviction in the gun case and guilty plea on tax charges. It capped a long-running legal saga for the younger Biden, who disclosed he was under federal investigation in December 2020 — a month after his father’s 2020 victory. The sweeping pardon covers not just the gun and tax offenses against the younger Biden, but also any other “offenses against the United States which he has committed or may have committed or taken part in during the period from January 1, 2014, through December 1, 2024.” Hunter Biden was convicted in June in Delaware federal court of three felonies for purchasing a gun in 2018 when , prosecutors said, he lied on a federal form by claiming he was not illegally using or addicted to drugs. He had been set to stand trial in September in a California case accusing him of failing to pay at least $1.4 million in taxes. But he agreed to plead guilty to misdemeanor and felony charges in a surprise move hours after jury selection was set to begin. In his statement Sunday, the president argued that such offenses typically are not prosecuted with the same vigor as was directed against Hunter Biden. “The charges in his cases came about only after several of my political opponents in Congress instigated them to attack me and oppose my election,” Biden said in his statement. “No reasonable person who looks at the facts of Hunter’s cases can reach any other conclusion than Hunter was singled out only because he is my son. ... I hope Americans will understand why a father and a President would come to this decision.” Associated Press journalists Will Weissert aboard Air Force One and Darlene Superville, Mary Claire Jalonick and Michael Tackett in Washington contributed to this report.The International Criminal Court issued arrest warrants on Thursday for Israeli Prime Minister Benjamin Netanyahu, his former defense minister and a Hamas military leader, accusing them of war crimes and crimes against humanity. The announcement came as health officials in the Gaza Strip said the death toll from the 13-month-old war between Israel and Hamas has surpassed 44,000. The warrant marked the first time that a sitting leader of a major Western ally has been accused of war crimes and crimes against humanity by a global court of justice. The ICC panel said there were reasonable grounds to believe that both Netanyahu and his ex-defense minister bear responsibility for the war crime of starvation and the crimes against humanity of murder, persecution and other inhumane acts. Israel’s war has caused heavy destruction across Gaza, decimated parts of the territory and driven almost the entire population of 2.3 million people from their homes, leaving most dependent on aid to survive. Israel launched its war in Gaza after Hamas-led militants stormed into southern Israel on Oct. 7, 2023, killing some 1,200 people, mostly civilians, and abducting another 250 . Around 100 hostages are still inside Gaza, at least a third of whom are believed to be dead. Here’s the Latest: UNITED NATIONS -- The U.N. humanitarian chief for Gaza is warning that the delivery of critical food, water, fuel and medical supplies is grinding to a halt throughout the territory and “the survival of two million people hangs in the balance.” Muhannad Hadi said in a statement Thursday that Israeli authorities have been banning commercial imports for more than six weeks and at the same time thefts from humanitarian convoys by armed individuals have surged. “In 2024, U.N. trucks have been looted 75 times –- including 15 such attacks since Nov. 4 alone –- and armed people have broken into U.N. facilities on 34 occasions,” he said. Last week, one driver was shot in the head and hospitalized along with another truck driver, Hadi said. And on Saturday 98 trucks were looted in a single attack which saw the vehicles damaged or stolen. The Gaza humanitarian coordinator said bakeries are closing because of lack of flour or fuel to operate generators. “Palestinian civilians are struggling to survive under unlivable conditions, amid relentless hostilities,” Hadi said. He demanded the immediate improvement of security and conditions throughout Gaza to allow the safe and unimpeded delivery of humanitarian aid “through lawful means.” Israel says it puts no limit on the supplies permitted into Gaza, and it blames the U.N. distribution system. But Israel’s official figures show the amount of aid it has let in has plunged since the beginning of October. The U.N has blamed Israeli military restrictions, along with widespread lawlessness that has led to theft of aid shipments. WASHINGTON — The White House fundamentally rejects the International Criminal Court’s decision to issue arrest warrants for senior Israeli officials, press secretary Karine Jean-Pierre said Thursday. She said the Biden administration was “deeply concerned by the prosecutor’s rush to seek arrest warrants and the troubling process errors that led to this decision.” The Biden administration has increased its warnings and appeals to Israeli Prime Minister Benjamin Netanyahu to do more to spare civilians in airstrikes and other attacks, and to allow more aid to reach Gaza. However, a 30-day Biden administration deadline came and went earlier this month for Israel to meet specific U.S. targets to improve its treatment of Palestinian civilians in Gaza trapped in the war. U.S. demands included that Israel lift a near-total ban on delivery of aid to hard-hit north Gaza for starving civilians there. KHAN YOUNIS, Gaza Strip — The three children were playing outside a cluster of tents housing displaced people in the Gaza Strip when an Israeli airstrike killed them, along with six other people. It’s become a grim, near-daily ritual more than 13 months into the Israel-Hamas war, which local health authorities said Thursday has killed over 44,000 Palestinians. Israel carries out frequent strikes against what it says are militants hiding in civilian areas, and women and children are nearly always among the dead. Wednesday’s strike killed Hamza al-Qadi, 7, his brother Abdulaziz, 5, and their sister Laila, 4, in a tent camp in the southern city of Khan Younis. Areej al-Qadi, their mother, says they were playing outside when they were killed. “All that’s left of them are their notebooks, their books and a blood-stained jacket,” she said as she broke into tears. “They were children who did nothing.” The Israeli military did not respond to a request for comment on the strike. Gaza’s Health Ministry said Thursday that 44,056 Palestinians have been killed and 104,268 wounded since the start of the war, which was ignited by Hamas’ Oct. 7 attack into Israel. Palestinian militants killed some 1,200 people that day, mostly civilians, and abducted around 250 people. The Health Ministry does not say how many of those killed in Gaza were fighters but says women and children make up more than half the fatalities. Israel, which rarely comments on individual strikes, says it has killed over 17,000 militants, without providing evidence. Hours after the ministry announced the latest toll, the International Criminal Court issued arrest warrants against Israeli Prime Minister Benjamin Netanyahu, his former defense minister and a Hamas military leader. Mahmoud bin Hassan, the children’s father, said he buried them on Thursday. He asked when the international community would take action to stop the war. “When the entire Palestinian population has been killed?” he said. NEW YORK — Human Rights Watch applauded the International Criminal Court's arrest warrants issued Thursday against both Israeli and Hamas officials. The warrants “break through the perception that certain individuals are beyond the reach of the law,” the associate international justice director at Human Rights Watch, Balkees Jarrah, said in a statement. The New York-based rights group earlier this month released a report saying Israel has committed war crimes and crimes against humanity in the Gaza Strip, including massive forced displacements that amount to ethnic cleansing. JERUSALEM — Israeli prosecutors have charged a former aide to Prime Minister Benjamin Netanyahu with leaking classified documents to international media, apparently to protect the Israeli leader from criticism as a hostage deal was collapsing. Eli Feldstein, a former media adviser to Netanyahu, was charged Thursday with leaking classified information with the intent of harming state security and obstruction of justice. The leaked documents are said to have formed the basis of a widely discredited article in the London-based Jewish Chronicle — which was later withdrawn — suggesting Hamas planned to spirit hostages out of Gaza through Egypt, and an article in Germany’s Bild newspaper that said Hamas was drawing out the hostage talks as a form of psychological warfare on Israel. Critics say the leaks were aimed at giving Netanyahu political cover as the case-fire talks ground to a halt. Some have accused Netanyahu of resisting a deal in to preserve his governing coalition, which includes hard-line members who have threatened to bring down the government if he makes concessions to Hamas. The leaks came at a time of public uproar over the deaths of six hostages who were killed by their Hamas captors as Israeli soldiers were closing in. The indictment said the leaks were meant “to create media influence on the public discourse in Israel in regards to the handling of the hostage situation, after the news of the murder of six hostages.” The indictment identified two other Netanyahu aides as being connected to the scheme, but only Feldstein and an unidentified reservist in Israeli military intelligence were charged. Netanyahu, who denies the accusations, has not been identified as a suspect in the burgeoning investigation. Israeli media say if convicted, Feldstein could potentially face life in prison. JERUSALEM -- The Israeli military has launched an investigation into the death of a 70-year-old Israeli man who entered Lebanon with Israeli forces and was killed in a Hezbollah ambush. Investigators are trying to determine, among other things, who allowed Zeev Erlich into the combat zone with the forces and why he was permitted to enter. According to Israeli media reports, Erlich was not on active duty when he was shot, but was wearing a military uniform and had a weapon. The army said he was a reservist with the rank of major and identified him as a “fallen soldier” when it announced his death. Erlich was a well-known West Bank settler and researcher of Jewish history. Media reports said Erlich was permitted to enter Lebanon to explore a local archaeological site. The army said a 20-year-old soldier was killed in the same incident, while an officer was badly wounded. The army announced Thursday that the chief of staff, Lt. Gen. Herzi Halevi, has appointed a team of experts “to examine and strengthen operational discipline and military culture” following the incident. It said its commander for northern Israel, Maj. Gen. Ori Gordin, would launch a separate “command inquiry,” while Israeli military police conduct a separate probe. Such investigations can lead to criminal charges. BEIRUT — At least 29 people were killed Thursday in Israeli strikes on different towns and villages across Lebanon, according to Lebanon’s Health Ministry and state-run media. In eastern Lebanon, Israeli airstrikes killed 26 people in six different towns in Baalbek province, the health ministry and the National News Agency said. In Tyre province, southern Lebanon, three people were killed in an Israeli strike, the health ministry said. The health ministry Wednesday said that over 3,550 people have been killed in the 13-month war between Hezbollah and Israel, the majority following Israel’s escalation in late September. The European Union's foreign policy chief has underlined that the arrest warrants issued by the International Criminal Court against Israeli Prime Minister Benjamin Netanyahu and Hamas officials are a legal and not political matter, and that they are binding on all 27 EU member countries and other signatories to the ICC to implement. “The tragedy in Gaza has to stop," Josep Borrell told reporters during a visit to Jordan. “It is not a political decision. It is the decision of an international court of justice, and the decision of the court has to be respected, and implemented.” “This decision is a binding decision on all state parties of the court, which include all members of the European Union," he added. ANKARA — Turkish President Recep Tayyip Erdogan’s ruling partyhas welcomed the decision by the International Criminal Court to issue arrest warrants against Israeli Prime Minister Benjamn Netanyahu and former Defense Minister Yoav Gallant, calling it a judgement made for the sake of “humanity.” Omer Celik, spokesman for the Erdogan’s party, said on the social media platform X that Netanyahu and Gallant would “eventually be held accountable for genocide.” Celik also criticised Israeli officials who described the ICC decision as antisemitic. Turkey is among the most vocal critics of Israel’s military actions in Gaza and has submitted a formal request to join a genocide case that South Africa has filed against Israel at the U.N.’s International Court of Justice. Dutch foreign minister Caspar Veldkamp, whose country hosts the International Criminal Court, has confirmed The Netherlands would arrest Israeli Prime Minister Benjamin Netanyahu if he arrived on Dutch soil. “The line from the government is clear. We are obliged to cooperate with the ICC ... we abide 100% by the Rome Statute,” he said in response to a question in parliament Thursday. Other European officials were more cautious. In France, a spokesman for the Foreign Ministry said he supported the International Criminal Court's prosecutor but declined to comment when asked more specifically if France would arrest Netanyahu if he were to step on French soil. “Today, combating impunity is our priority. We ratified the ICC Statute in 2000 and have consistently supported the court’s actions. Our response will align with these principles,” Christophe Lemoine told reporters at a press conference. Lemoine added that the warrants were “a complex legal issue ... It’s a situation that requires a lot of legal precautions.” In Italy, the foreign and justice ministries didn’t immediately respond to emails seeking comment about whether Italy, an ICC member which hosted the Rome conference that gave birth to the court, would honor the arrest warrant. Premier Giorgia Meloni hosted Prime Minister Benjamin Netanyahu in March 2023 and has strongly supported Israel since Oct. 7, while providing humanitarian aid for Palestinians in Gaza. JERUSALEM — Israel’s mostly ceremonial president, Isaac Herzog, has called the International Criminal Court's arrest warrants against Prime Minister Benjamin Netanyahu “a dark day for justice. A dark day for humanity.” In a post on X, he said the international court “has chosen the side of terror and evil over democracy and freedom, and turned the very system of justice into a human shield for Hamas’ crimes against humanity." Israel Katz, Israel’s new defense minister, said the decision was “a moral disgrace, entirely tainted by antisemitism, and drags the international judicial system to an unprecedented low.” He said it “serves Iran, the head of the snake, and its proxies.” Benny Gantz, a retired general and political rival to Netanyahu, also condemned the decision, saying it showed “moral blindness” and was a “shameful stain of historic proportion that will never be forgotten.” Hamas has welcomed the decision by the International Criminal Court to issue warrants against Israeli President Benjamin Netanyahu and his former defense minister Yoav Gallant, calling it an “important and historic precedent” after what it said was decades of injustice at the hands of a “fascist occupation.” The statement did not refer to the warrants issued for the militant group’s own leaders. Hamas called on all nations to “cooperate with the court in bringing the Zionist war criminals, Netanyahu and Gallant, to justice, and to work immediately to stop the crimes of genocide against innocent civilians in the Gaza Strip.” DEIR AL-BALAH, The Gaza Strip — Bakeries have reopened in the central Gaza Strip after being closed for several days because of flour shortages. The shortages appear to have been linked to the looting of nearly 100 truckloads of aid by armed men in southern Gaza last weekend. Associated Press footage showed a crowd of hundreds pushing and shouting outside a bakery in the central city of Deir al-Balah on Thursday. The day before the reopening, the price of a bag of 15 loaves of pita bread had climbed above $13. “In my house, there is not a morsel of bread, and the children are hungry,” said Sultan Abu Sultan, who was displaced from northern Gaza during the war. The amount of aid entering Gaza plunged in October as Israel launched a major offensive in the isolated north, where experts say famine may be underway . Hunger is widespread across the territory, even in central Gaza where aid groups have more access. Humanitarian organizations say Israeli restrictions, ongoing fighting and the breakdown of law and order make it difficult to deliver assistance. Israel’s offensive, launched after Hamas’ October 2023 attack, has displaced around 90% of Gaza’s population of 2.3 million people. Hundreds of thousands are crammed into tent camps with little in the way of public services and are reliant on international food aid. NICOSIA — The president of Cyprus says the European Union must play a bigger role in the Middle East as it can no longer stand by as an observer. President Nikos Christodoulides said the 27-member bloc needs to establish closer ties with countries that bolster regional stability like Egypt, Jordan and the Gulf states. “The conflict in the Middle East is taking place on the EU’s doorstep, in an area of vital interest to the bloc’s interests, where any escalation or regional spillover will have significant consequences on its security and stability,” Christodoulides told an Economist conference in the Cypriot capital. Christodoulides said EU member Cyprus for years has tried to get this message across to Brussels. The island nation earlier this year was the staging ground for a maritime corridor delivering some 20,000 tons of humanitarian aid to Gaza. The EU is wracked by members’ divisions over how peace should come about in the Middle East THE HAGUE — The International Criminal Court issued arrest warrants on Thursday for Israeli Prime Minister Benjamin Netanyahu, his former defense minister and Hamas officials, accusing them of war crimes and crimes against humanity over the war in Gaza and the October 2023 attacks that triggered Israel’s offensive in the Palestinian territory. The decision turns Netanyahu and the others into internationally wanted suspects and is likely to further isolate them and complicate efforts to negotiate a cease-fire to end the 13-month conflict. But its practical implications could be limited since Israel and its major ally, the United States, are not members of the court and several of the Hamas officials have been subsequently killed in the conflict. Netanyahu and other Israeli leaders have previously condemned ICC Chief Prosecutor Karim Khan’s request for the warrants as disgraceful and antisemitic. U.S. President Joe Biden also blasted the prosecutor and expressed support for Israel’s right to defend itself against Hamas. Hamas also slammed the request. The death toll in the Gaza Strip from the 13-month-old war between Israel and Hamas has surpassed 44,000, local health officials said Thursday. The Gaza Health Ministry does not distinguish between civilians and combatants in its count, but it has said that more than half of the fatalities are women and children. The Israeli military says it has killed over 17,000 militants, without providing evidence. The Health Ministry said 44,056 people have been killed and 104,268 wounded since the start of the war. It has said the real toll is higher because thousands of bodies are buried under rubble or in areas that medics cannot access. The war began when Hamas-led militants stormed into southern Israel on Oct. 7, 2023, killing some 1,200 people, mostly civilians, and abducting another 250 . Around 100 hostages are still inside Gaza, at least a third of whom are believed to be dead. Most of the rest were released during a cease-fire last year. Around 90% of Gaza's population of 2.3 million people have been displaced, often multiple times, and hundreds of thousands are living in squalid tent camps with little food, water or basic services. Israel says it tries to avoid harming civilians and blames their deaths on Hamas because the militants operate in residential areas, where they have built tunnels, rocket launchers and other military infrastructure. JERUSALEM — A rocket fired from Lebanon killed a man and wounded two others in northern Israel on Thursday, according to the Magen David Adom rescue service. The service said paramedics found the body of the man in his 30s near a playground in the town of Nahariya, near the border with Lebanon, after a rocket attack on Thursday. Israel meanwhile struck targets in southern Lebanon and several buildings south of Beirut, the Lebanese capital, after warning people to evacuate.Kroger Announces Chief Merchandising and Marketing Officer SuccessionGap Inc. Logo (PRNewsfoto/Gap Inc.) Net sales increased 2% versus last year with comparable sales up 1% Operating margin of 9.3% improved 270 basis points versus last year Market share gains across all brands in the quarter Raises outlook for fiscal 2024 net sales, gross margin and operating income growth SAN FRANCISCO , Nov. 21, 2024 /PRNewswire/ -- Gap Inc. (NYSE: GAP), the largest specialty apparel company in the U.S. and a house of iconic brands including Old Navy, Gap, Banana Republic, and Athleta, today reported financial results for its third quarter ended November 2, 2024. "I'm proud that Gap Inc. delivered another successful quarter, growing net sales for the 4 th consecutive quarter and gaining market share across all brands while meaningfully expanding operating margin," said President and Chief Executive Officer, Richard Dickson . "Consistent execution of our strategic priorities, including the rigor and repetition we're applying to our brand reinvigoration playbook, is making us a stronger company and demonstrates our continued progress in unlocking Gap Inc.'s full potential." Dickson continued: "Holiday is off to a strong start and we remain focused on executing with excellence in the fourth quarter. Our performance year-to-date gives us the confidence to raise our full year outlook for sales, gross margin and operating income growth." Third Quarter Fiscal 2024 – Financial Results Balance Sheet and Cash Flow Highlights Additional information regarding free cash flow, which is a non-GAAP financial measure, is provided at the end of this press release along with a reconciliation of this measure from the most directly comparable GAAP financial measure for the applicable period. Third Quarter Fiscal 2024 – Global Brand Results Comparable Sales Old Navy: Gap: Banana Republic: Athleta: Fiscal 2024 Outlook As a result of its strong third quarter results, the company is raising its full year outlook for net sales, gross margin and operating income growth compared to prior expectations. Please note that the company's projected full year fiscal 2024 operating income growth below is provided in comparison to its full year fiscal 2023 adjusted operating income, which excludes $93 million in restructuring costs and a $47 million gain on sale of a building. Full Year Fiscal 2024 Webcast and Conference Call Information Whitney Notaro , Head of Investor Relations at Gap Inc., will host a conference call to review the company's third quarter fiscal 2024 results beginning at approximately 2:00 p.m. Pacific Time today. Ms. Notaro will be joined by President and Chief Executive Officer, Richard Dickson and Chief Financial Officer, Katrina O'Connell . A live webcast of the conference call and accompanying materials will be available online at investors.gapinc.com . A replay of the webcast will be available at the same location. Non-GAAP Disclosure This press release and related conference call include financial measures that have not been calculated in accordance with U.S. generally accepted accounting principles (GAAP) and are therefore referred to as non-GAAP financial measures. The non-GAAP measures described below are intended to provide investors with additional useful information about the company's financial performance, to enhance the overall understanding of its past performance and future prospects, and to allow for greater transparency with respect to important metrics used by management for financial and operating decision-making. The company presents these non-GAAP financial measures to assist investors in seeing its financial performance from management's view and because it believes they provide an additional tool for investors to use in computing the company's core financial performance over multiple periods with other companies in its industry. Additional information regarding the intended use of non-GAAP measures included in this press release and related conference call is provided in the tables to this press release. The non-GAAP measures included in this press release and related conference call are adjusted operating expense/adjusted SG&A, adjusted operating income, adjusted operating margin, adjusted diluted earnings per share, and free cash flow. These non-GAAP measures exclude the impact of certain items that are set forth in the tables to this press release. In addition, the company's outlook includes projected full year fiscal 2024 operating income growth compared to its full year fiscal 2023 adjusted operating income. The non-GAAP measures used by the company should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP and may not be the same as similarly titled measures used by other companies due to possible differences in method and in items or events being adjusted. The company urges investors to review the reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measures included in the tables to this press release below, and not to rely on any single financial measure to evaluate its business. The non-GAAP financial measures used by the company have limitations in their usefulness to investors because they have no standardized meaning prescribed by GAAP and are not prepared under any comprehensive set of accounting rules or principles. Forward-Looking Statements This press release and related conference call and accompanying materials contain forward-looking statements within the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. All statements other than those that are purely historical are forward-looking statements. Words such as "expect," "anticipate," "believe," "estimate," "intend," "plan," "project," and similar expressions also identify forward-looking statements. Forward-looking statements include statements regarding the following: becoming a high performing company; unlocking Gap Inc.'s potential; our four strategic priorities, including maintaining and delivering financial and operational rigor, the reinvigoration of our brands, strengthening our operating platform, and energizing our culture; driving relevance and revenue by executing on our brand reinvigoration playbook; expectations for Old Navy for the holiday season; accelerating Old Navy's presence in the Active category; Old Navy's holiday activations and product; reigniting Gap brand's leadership in trend-right products and creative expression through big ideas and culturally relevant messaging; reestablishing Banana Republic to thrive in the premium lifestyle space; evolving Banana Republic's assortment and fit; continuing to fix the fundamentals at Banana Republic; Banana Republic's holiday product; Athleta's trajectory; Athleta's holiday product; enhancing Athleta's in-store and online experiences; driving high-performance across our teams; executing with excellence; Gap Inc.'s positioning going into the holiday season; expectations for our full year performance; expected year-end inventory levels; expected full year fiscal 2024 net sales; the expected impact of the loss of the 53rd week on full year fiscal 2024 net sales; expected fourth quarter fiscal 2024 net sales; the expected impacts of the loss of the 53rd week and the weekly calendar shift on fourth quarter fiscal 2024 net sales; expected full year fiscal 2024 gross margin; the expected impacts of commodity costs and better inventory management on full year fiscal 2024 gross margin; expected full year fiscal 2024 ROD; expected fourth quarter fiscal 2024 gross margin; the expected impact of the loss of the 53rd week on fourth quarter fiscal 2024 gross margin; expected full year fiscal 2024 SG&A/operating expense; continuing cost discipline and unlocking more efficiencies in the business; expected full year fiscal 2024 operating income; expected full year fiscal 2024 effective tax rate; expected full year fiscal 2024 capital expenditures; generating sustainable, profitable growth and delivering long-term shareholder value; and our dividend policy. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause our actual results to differ materially from those in the forward-looking statements. These factors include, without limitation, the following risks, any of which could have an adverse effect on our business, financial condition, results of operations, or reputation: the overall global economic and geopolitical environment, including the ongoing Russia - Ukraine and Israel-Hamas conflicts and recent elections in the United States , and impacts on consumer spending patterns; social and political unrest in our sourcing countries, including Bangladesh , and disruptions to global trade and shipping capacity, including in the Red Sea; the risk that we or our franchisees may be unsuccessful in gauging apparel trends and changing consumer preferences or responding with sufficient lead time; the highly competitive nature of our business in the United States and internationally; the risk that we may be unable to manage our inventory effectively and the resulting impact on our gross margins and sales; the risk that our investments in customer, digital, and omni-channel shopping initiatives may not deliver the results we anticipate; the risk that we fail to maintain, enhance, and protect our brand image and reputation; the risk of loss or theft of assets, including inventory shortage; the risk that we fail to manage key executive succession and retention or continue to attract qualified personnel; reductions in income and cash flow from our credit card arrangement related to our private label and co-branded credit cards; the risk that changes in our business strategy or restructuring our operations may not generate the intended benefits or projected cost savings; the risk that trade matters could increase the cost or reduce the supply of apparel available to us; the risks to our business, including our costs and global supply chain, associated with global sourcing and manufacturing; the risks to our reputation or operations associated with importing merchandise from foreign countries, including failure of our vendors to adhere to our Code of Vendor Conduct; the risk that we or our franchisees may be unsuccessful in identifying, negotiating, and securing new store locations and renewing, modifying, or terminating leases for existing store locations effectively; engaging in or seeking to engage in strategic transactions that are subject to various risks and uncertainties; the risk that our efforts to expand internationally may not be successful; the risk that our franchisees and licensees could impair the value of our brands; the risk of data or other security breaches or vulnerabilities that may result in increased costs, violations of law, significant legal and financial exposure, and a loss of confidence in our security measures; the risk that failures of, or updates or changes to, our IT systems may disrupt our operations; the risk that our comparable sales and margins may experience fluctuations, that we may fail to meet financial market expectations, or that the seasonality of our business may experience fluctuations; the risk of foreign currency exchange rate fluctuations; the risk that our level of indebtedness may impact our ability to operate and expand our business; the risk that we and our subsidiaries may be unable to meet our obligations under our indebtedness agreements; the risk that changes in our credit profile or deterioration in market conditions may limit our access to the capital markets; natural disasters, public health crises (such as pandemics and epidemics), political crises (such as the ongoing Russia - Ukraine and Israel-Hamas conflicts), negative global climate patterns, or other catastrophic events; evolving regulations and expectations with respect to ESG matters, including climate reporting; the adverse effects of climate change on our operations and those of our franchisees, vendors, and other business partners; our failure to comply with applicable laws and regulations and changes in the regulatory or administrative landscape; the risk that we will not be successful in defending various proceedings, lawsuits, disputes, and claims; the risk that our estimates and assumptions used when preparing our financial information are inaccurate or may change; the risk that changes in the geographic mix and level of income or losses, the expected or actual outcome of audits, changes in deferred tax valuation allowances, and new legislation could impact our effective tax rate, or that we may be required to pay amounts in excess of established tax liabilities; the risk that changes in our business structure, our performance or our industry could result in reductions in our pre-tax income or utilization of existing tax carryforwards in future periods, and require additional deferred tax valuation allowances; the risk that the adoption of new accounting pronouncements will impact future results; and the risk that additional information may arise during our close process or as a result of subsequent events that would require us to make adjustments to our financial information. Additional information regarding factors that could cause results to differ can be found in our Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 19, 2024 , as well as our subsequent filings with the Securities and Exchange Commission. These forward-looking statements are based on information as of November 21, 2024 . We assume no obligation to publicly update or revise our forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized. About Gap Inc. Gap Inc., a house of iconic brands, is the largest specialty apparel company in America. Its Old Navy , Gap , Banana Republic , and Athleta brands offer clothing, accessories, and lifestyle products for men, women and children. Since 1969, Gap Inc. has created products and experiences that shape culture, while doing right by employees, communities and the planet. Gap Inc. products are available worldwide through company-operated stores, franchise stores, and e-commerce sites. Fiscal year 2023 net sales were $14.9 billion . For more information, please visit www.gapinc.com . Investor Relations Contact: Nina Bari Investor_relations@gap.com Media Relations Contact: Megan Foote Press@gap.com

Aduro Clean Technologies Announces Voting Results for Election of Directors

A top Fed official leans toward December rate cut but says it depends on economic data WASHINGTON (AP) — A top Federal Reserve official says he is leaning toward supporting an interest rate cut when the Fed meets in two weeks but that evidence of persistent inflation before then could cause him to change that view. Speaking at George Washington University, Christopher Waller, a key member of the Fed’s Board of Governors, said he was confident that inflation is headed lower and that the central bank will likely keep reducing its key rate, which affects many consumer and business loans. But he noted that there’s a risk that inflation “may be getting stuck above” the Fed’s 2% target, which would support an argument for keeping the Fed’s rate unchanged this month. Cyber Monday shoppers expected to set a record on the year's biggest day for online shopping Consumers in the U.S. are scouring the internet for online deals as they look to make the most of the post-Thanksgiving shopping marathon on Cyber Monday. The National Retail Federation coined the term for the Monday after Black Friday in 2005. Even though e-commerce is now part and parcel of many people’s regular routine, Cyber Monday continues to be the biggest online shopping day of the year, thanks to steady discounts and a fair amount of hype. Several major retails actually started their Cyber Monday promotions over the weekend. Consumer spending for the online shopping days between Thanksgiving and Cyber Monday provides an indication of how much shoppers are willing to spend for the holidays. Supreme Court justices question block on flavored vapes, but don't appear convinced FDA was unfair WASHINGTON (AP) — A majority of Supreme Court justices didn’t seem convinced Monday that federal regulators misled companies as they refused to allow them to sell sweet flavored vaping products following a surge in teen e-cigarette use. The court did raise questions about an FDA crackdown that included denials on sales of more than a million nicotine products formulated to taste like fruit, desert or candy. The case comes a month before the start of the second Trump administration, which could change the FDA's approach after he vowed to “save” vaping. Can AI chatbots make your holiday shopping easier? Tired of thinking about what gifts to get everyone this year? Artificial intelligence chatbots might help, but don’t expect them to always give you the right answers. Scouring the internet for Cyber Monday deals may yield an encounter with more chattier iterations of the chatbots that some retailers built to provide customer service. Some companies have integrated models that allow shoppers to ask questions like “What’s the best wireless speaker?” Retailers hope consumers use these shopping assistants as virtual companions that help them discover or compare products. The technology is still in its infancy, though, and chatbots are prone to hallucinations, so most of the new tools sometimes get things wrong. Intel CEO Gelsinger retires; Zinsner and Johnston Holthaus named interim co-CEOs Struggling chipmaker Intel says in a surprise announcement that CEO Pat Gelsinger has retired. Two company executives, David Zinsner and Michelle Johnston Holthaus, will act as interim co-CEOs while the company searches for a replacement for Gelsinger, who also stepped down from the company’s board. The departure of Gelsinger, whose career spanned more than 40 years, underscores turmoil at Intel. The company was once a dominant force in the semiconductor industry but has ben eclipsed by rival Nvidia, which has cornered the market for chips that run artificial intelligence systems. Nvidia’s ascendance was cemented earlier this month when it replaced Intel on the Dow Jones Industrial Average. Stock market today: Rising tech stocks pull Wall Street to another record NEW YORK (AP) — Technology stocks pulled Wall Street to another record amid mixed trading. The S&P 500 rose 0.2% Monday after closing November at an all-time high. The Dow Jones Industrial Average fell 0.3%, and the Nasdaq composite gained 1%. Super Micro Computer, a stock that’s been on an AI-driven roller coaster, soared after saying an investigation found no evidence of misconduct by its management or the company’s board. Retailers were mixed coming off Black Friday and heading into what’s expected to be the best Cyber Monday on record. Treasury yields held relatively steady in the bond market. Better drugs through AI? Insitro CEO on what machine learning can teach Big Pharma WASHINGTON (AP) — Artificial intelligence is changing the way industries do business. But executives in the pharmaceutical industry are still waiting to see whether AI can tackle their biggest challenge: finding faster, cheaper ways to develop new drugs. Despite billions poured into research and development, new medicines still typically take a decade or more to develop. Insitro is part of a growing field of AI companies promising to accelerate drug discovery by using machine learning to analyze huge datasets that could lead to new medicines. FTC opens Microsoft antitrust investigation that Trump administration must carry on or drop Antitrust enforcers with the Federal Trade Commission have opened a wide-ranging investigation into Microsoft’s business practices, starting off a big legal project that an incoming Trump administration must take up or abandon. The FTC is investigating Microsoft’s cloud computing business and related product lines such as artificial intelligence and cybersecurity, according to a person who was not authorized to publicly discuss details of the investigation and spoke to The Associated Press on condition of anonymity. It’s the latest action of more than three years of aggressive antitrust enforcement shepherded by FTC Chair Lina Chan, who was elevated to lead the agency by President Joe Biden after he came into office pledging tougher scrutiny of monopolistic behavior by Big Tech companies. More than 3 million travelers screened at US airports in a single day. That's a record Travelers heading home after the Thanksgiving holiday are setting a record. The Transportation Security Administration says that it screened nearly 3.1 million travelers on Sunday, breaking the previous record by about 74,000. That mark was set on July 7, also a Sunday after a holiday, July Fourth. Hundreds of thousands of travelers were delayed or had their flights canceled. FlightAware says more 6,800 flights were delayed on Sunday, with the highest numbers at Hartsfield–Jackson Atlanta International Airport and Chicago’s O’Hare Airport. General Motors to sell its stake in Lansing, Michigan, battery factory to LG Energy Solution DETROIT (AP) — General Motors has reached an agreement to sell its stake in a nearly completed electric vehicle battery plant in Lansing, Michigan. The company said Monday that it has a nonbinding agreement for the sale to joint venture partner LG Energy Solution of South Korea. The companies expect to close the sale by the end of March. Financial details were not released Monday, but GM said it expects to recoup its investment. The company has spent about $1 billion on the Lansing factory. GM says it will rely on joint venture factories in Warren, Ohio, and Spring Hill, Tennessee, to supply factories that make seven electric vehicles now on sale in the U.S.