Pro Picks is a weekly column where AP Pro Football Writer Rob Maaddi shares his picks for upcoming games. For all previous Pro Picks, head here . Playoff berths, draft positioning and more are up for grabs in Week 17. There’s going to be plenty of football on television this holiday week with the NFL playing games on five out of six days, starting with a doubleheader on Christmas Day featuring four of the AFC’s top five teams. Patrick Mahomes and the two-time defending Super Bowl champion Kansas City Chiefs visit Russell Wilson and the Pittsburgh Steelers on Wednesday. Then, two-time NFL MVP Lamar Jackson and the Baltimore Ravens take on C.J. Stroud and the Houston Texans. The Bears host the Seahawks on Thursday night and there are three games on Saturday, making Sunday’s schedule light at nine games. The Lions-49ers wrap up the weekend on Monday night. Pro Picks goes for another winning week. Line: Chargers minus 4 The Chargers would clinch a wild-card spot with a victory over the Patriots, who battled hard against the Bills. Los Angeles is 9-2 against the spread as favorites. Justin Herbert is 9-0 ATS in the Eastern time zone in his career. The Patriots have lost eight straight home games in December. BEST BET: CHARGERS: 23-16 Line: Bengals minus 3 Joe Burrow and the Bengals have to win to keep their slim playoff hopes alive. They’re favorites for the 12th time this season despite a losing record. The Broncos would clinch a wild-card berth with a win. They’re 11-4 ATS. UPSET SPECIAL: BRONCOS: 23-22 Line: Chiefs minus 3 The Chiefs can set a franchise record for wins in the regular season and wrap up the No. 1 seed along with home-field advantage throughout the AFC playoffs as they continue their quest for a third straight Super Bowl title. Kansas City got another playmaker when wide receiver Marquise Brown made his season debut. Mahomes is 3-0 with 14 touchdowns and no interceptions in his career vs. Pittsburgh. The scuffling Steelers are trying to snap a two-game losing streak after missing an opportunity to clinch the AFC North. Wide receiver George Pickens should return from a hamstring injury and he’ll open up the passing game for Wilson and the offense. CHIEFS: 24-20 Line: Ravens minus 5 1/2 The Ravens have won five in a row over the Texans, including 34-10 in a divisional playoff game last season. Baltimore can move into first place in the AFC North with a win and loss by Pittsburgh. But Jackson and Derrick Henry face a tough challenge against Houston’s defense. Stroud and the Texans are reeling after losing receiver Tank Dell to a devastating knee injury. RAVENS: 23-19 Line: Seahawks minus 3 1/2 The Seahawks have to win to maintain slim playoff hopes. The Bears have lost nine straight. Geno Smith and Jaxon Smith-Njigba should have a big day against Chicago’s pass defense. SEAHAWKS: 26-20 Line: Rams minus 6 A four-game winning streak has the Rams on the verge of securing the NFC West. Los Angeles aims to avenge a lopsided loss to Arizona in Week 2. The Cardinals were eliminated from the playoffs and are reduced to playing spoiler. With Kyren Williams leading the rushing attack, the Rams don’t have to rely on Matthew Stafford’s passing as much. RAMS: 26-16 Line: Bills minus 10 The Bills will know going in if they have a shot at the AFC’s No. 1 seed. If the Chiefs beat the Steelers and lock it up, Buffalo’s main priority will be keeping Josh Allen and everyone healthy. Still, they can rest in Week 18. After a subpar effort against the Patriots, the Bills can’t take Aaron Rodgers and the Jets lightly. BILLS: 27-16 Line: Raiders minus 1 The Raiders already hurt their draft positioning by beating the Jaguars last week. Another win could further knock them down and negatively impact their quest for a franchise quarterback. But coach Antonio Pierce wants to win and the players don’t care about draft slots. The Saints can’t get to the end of the season fast enough. RAIDERS: 20-16 Line: Buccaneers minus 8 The Panthers have embraced the spoiler role and coach Dave Canales will try to derail his former team’s playoff hopes. Bryce Young keeps improving and Chuba Hubbard is having a career year. The Buccaneers would’ve lost to Carolina last month if Hubbard didn’t fumble in overtime. Baker Mayfield and a turnover-prone offense have to overcome a depleted defense that couldn’t stop Cooper Rush and the Cowboys. BUCCANEERS: 26-20 Line: Jaguars minus 1 The winner of this one really loses because it’ll be costly in the race for draft positioning. TITANS: 19-17 Line: Colts minus 8 The Giants have come too far to lose the No. 1 pick in the draft. The Colts are clinging to slim playoff hopes. Jonathan Taylor and Anthony Richardson combined for 308 yards and four TDs against the Titans. They could have similar results against New York. COLTS: 27-16 Line: Eagles minus 9 1/2 The Cowboys are left to play for a winning record after being eliminated from the playoff race. The Eagles still need a win to secure the NFC East, but are almost locked into the No. 2 seed. If Jalen Hurts can’t play because of a concussion, Dallas has a shot against Kenny Pickett. Saquon Barkley is 268 yards away from breaking Eric Dickerson’s single-season rushing record. He could have a big day facing the fifth-worst run defense in the NFL. EAGLES: 24-17 Line: Vikings minus 1 The Vikings are two wins away from the NFC’s No. 1 seed with Sam Darnold. Let that sink in. But those won’t be easy victories. Minnesota has to beat Green Bay and then Detroit on the road to win the NFC North and get home-field advantage throughout the playoffs. The Vikings defeated the Packers 31-29 in Green Bay in September. They’re getting the Packers on short rest off a Monday night rout. The Vikings have been overlooked and underrated. This is a statement game. VIKINGS: 27-22 Line: Dolphins minus 6 1/2 Tua Tagovailoa and the Dolphins still have slim playoff changes and get an opportunity to win a game in cold weather. A loss helps the Browns hold onto a top-five pick in the draft. DOLPHINS: 25-16 Line: Commanders minus 4 The Falcons regained control of their NFC South hopes when the Buccaneers lost. Now, they have a tough test against the Commanders with Michael Penix Jr. making his second start facing off against Jayden Daniels in another matchup between rookie QBs. Daniels beat Caleb Williams and the Bears earlier this season on a Hail Mary. Washington clinches a playoff berth with a win or a loss by Tampa Bay. COMMANDERS: 24-23 Line: Lions minus 4 The Lions aim to avenge their loss in the NFC championship game, though this matchup lost its luster because the 49ers are eliminated from the playoff race. Detroit clinches the NFC’s No. 1 seed with a win if the Packers beat the Vikings. If Minnesota beats Green Bay, the Lions have to beat the Vikings in Week 18 to win the division and secure the top seed so the result against San Francisco won’t matter. In that case, Dan Campbell could choose to rest some of his starters in preparation for a winner-take-all regular-season finale. LIONS: 26-23 Last week: 12-4. Against spread: 8-7-1 Overall: Straight up: 168-72. Against spread: 131-105-4. Prime-time: Straight up: 39-14. Against spread: 29-23-1. Best Bet: Straight up: 9-7. Against spread: 8-8. Upset Special: Straight up: 9-7. Against spread: 9-7. AP NFL: https://apnews.com/hub/nfl
The time is here. Three Magic Valley teams will battle in the 2024 Idaho High School state championships. 1A (@ ICCU Dome, Pocatello) No. 2 Dietrich vs No. 1 Carey, 7 p.m. Thursday Click here to stream this game. Carey's Matthew Young runs the ball against Dietrich on Friday night, Oct. 11, 2024, at Dietrich High School. Carey and Dietrich will clash in the 1A championship at 7 p.m. Thursday while Declo will battle West Side in the 3A championship at 5:30 p.m. Friday. The Panthers stumped the Wolverines from the beginning. The past few years of pent-up postseason frustration exorcised in no doubt fashion. All year, Connor Perkins has been the engine for a Dietrich team chasing a state championship. Tri-Valley found out why in the 1A semifinals. 3A (@ ICCU Dome, Pocatello) No. 3 West Side vs. No. 1 Declo, 5:30 p.m. Friday Click here to stream this game. No. 1 Declo returned to Pocatello and wore down No. 5 Firth 28-7 in the state semifinals, clinching a return trip to the state championship. Declo football hasn’t shied away from its goal for 2024. Your story lives in the Magic Valley, and our new mobile app is designed to make sure you don’t miss breaking news, the latest scores, the weather forecast and more. From easy navigation with the swipe of a finger to personalized content based on your preferences to customized text sizes, the Times-News app is built for you and your life. Don’t have the app? Download it today from the Apple App Store or Google Play Store. Sent weekly directly to your inbox!Republicans rally around Hegseth, Trump's Pentagon pick, as Gaetz withdraws for attorney general
WASHINGTON (AP) — American Airlines briefly grounded flights nationwide Tuesday because of a technical problem just as the Christmas travel season kicked into overdrive and winter weather threatened more potential problems for those planning to fly or drive. Government regulators cleared American flights to get airborne about an hour after the Federal Aviation Administration ordered a national ground stop for the airline. The order, which prevented planes from taking off, was issued at the airline's request after it experienced trouble with its flight operating system, or FOS. The airline blamed technology from one of its vendors. As a result, flights were delayed across American’s major hubs, with only 37% of the airline's 3,901 domestic and international flights leaving on time, according to Cirium, an aviation analytics company. Nineteen flights were canceled. Dennis Tajer, a spokesperson for the Allied Pilots Association, a union representing American Airlines pilots, said the airline told pilots at 7 a.m. Eastern that there was an outage affecting the FOS system. It handles different types of airline operations, including dispatch, flight planning, passenger boarding, as well as an airplane's weight and balance data, he said. Some components of FOS have gone down in the past, but a systemwide outage is rare, Tajer said. Hours after the ground stop was lifted, Tajer said the union had not heard about any “chaos out there beyond just the normal heavy travel day.” He said officials were watching for any cascading effects, such as staffing problems. On social media, however, customers expressed frustration with delays that caused them or their family members to miss connecting flights. One person asked if American planned to hold flights for passengers to make connections, while others complained about the lack of assistance they said they received from the airline or gate agents. Bobby Tighe, a real estate agent from Florida, said he will miss a family Christmas Eve party in New York because his American flight was repeatedly delayed. The delays made him miss a connecting flight, leaving him the choice of going to his destination — Westchester, New York — on Christmas Day or taking another flight to Newark, New Jersey, that was scheduled to land Tuesday evening. He chose the latter. “I’m just going to take an Uber or Lyft to the airport I was originally supposed to go to, pick up my rental car and kind of restart everything tomorrow,” Tighe said. He said his girlfriend was “going through the same exact situation” on her way from Dallas to New York. Cirium noted that the vast majority of flights were departing within two hours of their scheduled departure time. A similar percentage — 36% — were arriving at their destinations as scheduled. Dallas-Fort Worth, New York’s Kennedy Airport and Charlotte, North Carolina, saw the greatest number of delays, Cirium said. Washington, Chicago and Miami experienced considerably fewer delays. Meanwhile, the flight-tracking site FlightAware reported that 4,058 flights entering or leaving the U.S., or serving domestic destinations, were delayed, with 76 flights canceled. The site did not post any American Airlines flights on Tuesday morning, but it showed in the afternoon that 961 American flights were delayed. Amid the travel problems, significant rain and snow were expected in the Pacific Northwest at least into Christmas Day. Showers and thunderstorms were developing in the South. Freezing rain was reported in the Mid-Atlantic region near Baltimore and Washington, and snow fell in New York. Because the holiday travel period lasts weeks, airports and airlines typically have smaller peak days than they do during the rush around Thanksgiving, but the grind of one hectic day followed by another takes a toll on flight crews. And any hiccups — a winter storm or a computer outage — can snowball into massive disruptions. That is how Southwest Airlines stranded 2 million travelers in December 2022, and Delta Air Lines suffered a smaller but significant meltdown after a worldwide technology outage in July caused by a faulty software update from cybersecurity company CrowdStrike. Many flights during the holidays are sold out, which makes cancellations even more disruptive than during slower periods. That is especially true for smaller budget airlines that have fewer flights and fewer options for rebooking passengers. Only the largest airlines, including American, Delta and United, have “interline agreements” that let them put stranded customers on another carrier’s flights. This will be the first holiday season since a Transportation Department rule took effect that requires airlines to give customers automatic cash refunds for canceled or significantly delayed flights. Most air travelers were already eligible for refunds, but they often had to request them. Passengers still can ask to get rebooked, which is often a better option than a refund during peak travel periods. That’s because finding a last-minute flight on another airline tends to be expensive. An American spokesperson said Tuesday was not a peak travel day for the airline — with about 2,000 fewer flights than the busiest days — so the airline had somewhat of a buffer to manage the delays. The groundings happened as millions of travelers were expected to fly over the next 10 days. The Transportation Security Administration expects to screen 40 million passengers through Jan. 2. Airlines expect to have their busiest days on Thursday, Friday and Sunday. Many flights during the holidays are sold out, which makes cancellations more disruptive than during slower periods. Even with just a brief outage, the cancellations have a cascading effect that can take days to clear up. About 90% of Americans traveling far from home over the holidays will be in cars, according to AAA. “Airline travel is just really high right now, but most people do drive to their destinations, and that is true for every holiday,” AAA spokesperson Aixa Diaz said. Gasoline prices are similar to last year. The nationwide average Thursday was $3.04 a gallon, down from $3.13 a year ago, according to AAA. Charging an electric vehicle averages just under 35 cents per per kilowatt hour, but varies by state. Transportation-data firm INRIX says travel times on the nation’s highways could be up to 30% longer than normal over the holidays, with Sunday expected to see the heaviest traffic. Boston, New York City, Seattle and Washington are the metropolitan areas primed for the greatest delays, according to the company. ___ Associated Press writers David Koenig, Mae Anderson and Mike Pesoli contributed to this report. Matt Ott And Haleluya Hadero, The Associated PressLate Bumrah wickets after Jaiswal & Kohli centuries put India on top
NFL on Netflix: Christmas Day games are a 1st for streaming giantDollar Tree shopper blasts store for ‘tacky’ $1.25 tags on toys & points out permanent feature when you’re ready to gift
draganab/iStock via Getty Images Investment Thesis The Salvador, Brazil-based Suzano ( NYSE: SUZ ) is a leader in the production of hardwood pulp, responsible for a third of global production. The company also has a dominant position not only from the point of Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in SUZ over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.Verstappen captures 4th F1 championship after Mercedes sweep of Las Vegas Grand Prix LAS VEGAS (AP) — Max Verstappen cruised to a fourth consecutive Formula 1 championship Saturday night by finishing fifth in the Las Vegas Grand Prix. Verstappen needed only to finish ahead of Lando Norris of McLaren to give Red Bull a fourth straight driver championship. The Dutchman started fifth but was already up to second by the 10th lap around the street circuit that includes the famed Las Vegas Strip. Norris, who had to score at least three points more than Verstappen to extend the championship fight, finished sixth. The race was won by George Russell who was followed by Lewis Hamilton in the first 1-2 sweep for the Mercedes drivers since 2022. Dartmouth sorority, two members of fraternity face charges after student who attended party drowned HANOVER, N.H. (AP) — A sorority at Dartmouth College and two members of a fraternity faces charges related to the death of a student who drowned after attending an off-campus party. The Hanover, New Hampshire police department, where Dartmouth is located, said Friday that Alpha Phi was charged with one count of facilitating an underage alcohol house. Two members of the Beta Alpha Omega face a charge of providing alcohol to a person under 21. Won Jang, 20, of Middletown, Delaware, had attended an off-campus party in July hosted by Alpha Phi sorority. Police said the alcohol was provided by Beta Alpha Omega. Tens of thousands of Spaniards protest housing crunch and high rents in Barcelona BARCELONA, Spain (AP) — Tens of thousands of Spaniards are marching in downtown Barcelona to protest the skyrocketing cost of renting an apartment in the popular tourist destination. Protesters cut off traffic on main avenues in the city center, holding up homemade signs in Spanish reading “Fewer apartments for investing and more homes for living." The lack of affordable housing has become one of the leading concerns for the southern European Union country, mirroring the housing crunch across many parts of the world, including the United States. The average rent for Spain has doubled in the last decade. In cities like Barcelona, rental prices have also been driven up by short-term renters including tourists. Jason Kelce's wife announces she is pregnant with the couple's fourth child Former Philadelphia Eagles center Jason Kelce's wife is announcing she's pregnant with the couple's fourth child. Kylie Kelce posted a photo on Instagram on Friday of the couple's three young daughters reacting to the news. The oldest daughter, Wyatt, appears to be cupping her head in shock. The middle daughter, Ellioette, is smiling. The youngest, Bennett, is in tears. A caption attached to the photo reads: “I feel like we captured a very accurate representation of how each of the girls feel about getting another sister. At least Ellie, mom and dad are on the same page!” Israeli-Moldovan rabbi living in UAE is missing. Israeli officials fear he may have been kidnapped DUBAI, United Arab Emirates (AP) — An Israeli-Moldovan rabbi living in the United Arab Emirates has gone missing, with Israeli authorities raising the suspicion he may have been kidnapped as tensions remain high with Iran. The Israeli prime minister’s office said that Zvi Kogan has been missing since noon Thursday. It said that against the backdrop of information that this was a terrorist incident, an extensive investigation has been opened in the country. Emirati officials did not immediately respond to a request for comment Saturday. State-run media in the UAE, an autocratic federation of seven sheikhdoms on the Arabian Peninsula and home to Abu Dhabi and Dubai, did not immediately report the incident. Alyssa Nakken, first full-time female coach in MLB history, leaving Giants to join Guardians CLEVELAND (AP) — Alyssa Nakken, the first woman to coach in an MLB game, is leaving the San Francisco Giants to join the Cleveland Guardians. Nakken made history in 2022 when she took over as first-base coach following an ejection. A former college softball star at Sacramento State, Nakken joined the Giants in 2014 and was promoted to a spot on manager Gabe Kapler’s staff in 2020, becoming the majors’ first full-time female coach. Nakken has been hired as an assistant director within player development for the Guardians, who won the AL Central last season under first-year manager Stephen Vogt. Nakken, 34, will work with former Giants coaches Craig Albernaz and Kai Correa. Officer kills pet dog mistaken for a coyote in Massachusetts town. The owner says it was unnecessary An animal control officer shot and killed a pet dog in a Massachusetts town after mistaking it for a coyote in an incident local police are describing as a sad mix-up. Police in Northbridge, Massachusetts, say the shooting happened on Tuesday after police received a call of a report of a coyote in a residential backyard. Police say the animal control officer went into the woods to look for the coyote and found what they thought was the animal in a threatening position and shot it. The incident happened as communities around Massachusetts and the country have dealt with an uptick in interactions between coyotes and people. Kendrick Lamar surprises with new album 'GNX' LOS ANGELES (AP) — Kendrick Lamar gave music listeners an early holiday present with a new album. The Grammy winner released his sixth studio album “GNX” on Friday. The 12-track project is the rapper’s first release since 2022’s “Mr. Morale & The Big Steppers.” Lamar’s new album comes just months after his rap battle with Drake. The rap megastar will headline February's Apple Music Super Bowl Halftime Show in New Orleans. The 37-year-old has experienced massive success since his debut album “good kid, m.A.A.d city” in 2012. Since then, he’s accumulated 17 Grammy wins and became the first non-classical, non-jazz musician to win a Pulitzer Prize. NBA memo to players urges increased vigilance regarding home security following break-ins MIAMI (AP) — The NBA is urging its players to take additional precautions to secure their homes following reports of recent high-profile burglaries of dwellings owned by Milwaukee Bucks forward Bobby Portis and Kansas City Chiefs teammates Patrick Mahomes and Travis Kelce. In a memo sent to team officials, a copy of which was obtained by The Associated Press, the NBA revealed that the FBI has connected some burglaries to “transnational South American Theft Groups” that are “reportedly well-organized, sophisticated rings that incorporate advanced techniques and technologies, including pre-surveillance, drones, and signal jamming devices.” Michael B. Jordan uses timeout at women's college basketball game to sign smoldering photo LOS ANGELES (AP) — Snoop Dogg strolled in wearing a jacket with JuJu Watkins’ name and number on the front and back. Michael B. Jordan thrilled a USC female fan with an impromptu autograph during a timeout. The stars came out to the showdown between third-ranked Southern California and No. 6 Notre Dame. The Fighting Irish won 74-61 to remain undefeated in the nationally televised game. The woman held up a smoldering magazine photo of the actor and he indicated he'd sign it. With the arena DJ egging her on, she climbed out of the stands and met Jordan at his seat. He leaned in to ask her name, signed and they shared an embrace.
— BIRTH NAME: James Earl Carter, Jr. — BORN: Oct. 1, 1924, at the Wise Clinic in Plains, Georgia, the first U.S. president born in a hospital. He would become the first president to live for an entire century . — EDUCATION: Plains High School, Plains, Georgia, 1939-1941; Georgia Southwestern College, Americus, Georgia, 1941-1942; Georgia Institute of Technology, Atlanta, 1942-1943; U.S. Naval Academy, Annapolis, Maryland, 1943-1946 (class of 1947); Union College, Schenectady, New York, 1952-1953. — PRESIDENCY: Sworn-in as 39th president of the United States at the age of 52 years, 3 months and 20 days on Jan. 20, 1977, after defeating President Gerald R. Ford in the 1976 general election. Left office on Jan. 20, 1981, following 1980 general election loss to Ronald Reagan. — POST-PRESIDENCY: Launched The Carter Center in 1982. Began volunteering at Habitat for Humanity in 1984. Awarded Nobel Peace Prize in 2002. Taught for 37 years at Emory University, where he was granted tenure in 2019, at age 94. — OTHER ELECTED OFFICES: Georgia state senator, 1963-1967; Georgia governor, 1971-1975. — OTHER OCCUPATIONS: Served in U.S. Navy, achieved rank of lieutenant, 1946-53; Farmer, warehouseman, Plains, Georgia, 1953-77. — FAMILY: Wife, Rosalynn Smith Carter , married July 7, 1946 until her death Nov. 19, 2023. They had three sons, John William (Jack), James Earl III (Chip), Donnel Jeffrey (Jeff); a daughter, Amy Lynn; and 11 living grandchildren and 14 great-grandchildren. Source: Jimmy Carter Library & MuseumA Las Vegas judge increased bail on Tuesday for a 72-year-old former Palo Verde High School teacher and coach facing child sexual abuse charges. Michael “Luke” Atwell was indicted this month on 17 counts of lewdness with a child under 14, six counts of sexual assault against a child under 14, two counts of battery with the intent to commit sexual assault against a child under 16, open or gross lewdness in the presence of a child or vulnerable person, and two counts of child abuse. His bail was previously set at $300,000. His defense attorney, Jess Marchese, filed a motion for a judge to decrease the bail, while prosecutors filed a countermotion to raise it to $1 million. District Judge Eric Johnson sided with prosecutors on Tuesday and raised Atwell’s bail to $500,000, Marchese said. Marchese said he was surprised the judge raised the bail, given his client’s military history and lack of criminal record. Atwell has been accused of sexually assaulting multiple victims when they were children: a boy when he was between 11 and 14 years old; a woman who is now an adult in her 30s; that woman’s daughter; another former student who is now in her 30s; and that woman’s son. However, Atwell was only indicted on charges related to two of the alleged victims who are still children. Prosecutors have said that the statute of limitations affected some charges that were dropped. A police report indicated that officials were unable to charge Atwell in relation to an alleged previous sexual relationship with a student because a law banning such relationships was not yet active. Prosecutors argued in the motion to increase Atwell’s bail that one of the victims was abused “hundreds” of times, and that the judge should find that Atwell is “an extreme danger to the community as a sexual predator.” According to the motion, one victim met Atwell when the child and her mother moved into his house, and another victim knew Atwell from his neighborhood and from church. Atwell previously taught history, criminal justice and social studies and coached boys cross country and girls softball at Palo Verde. State records indicate he also taught at Becker Middle School between 1999 and 2003. He enlisted in the Marine Corps in 1971 and then transferred to the Air Force, which he retired from in 1997 as a lieutenant colonel. A jury trial for Atwell is scheduled for May 5.
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1 Magnificent AI Stock Down 32% to Buy and Hold ForeverSteph Curry Admits LeBron James Pairing 'Probably' Won't Happen amid NBA Trade RumorsIkea has posted its slowest sales expansion since it opened its first India store six years ago with a 5% increase to ₹1,852 crore in FY24 while its net loss widened amid large-scale investments to solidify its footprint in the country. The world's largest furniture retailer saw its India business slowing as consumers tightened their wallets on discretionary spends across lifestyle categories. ET Year-end Special Reads What kept India's stock market investors on toes in 2024? India's car race: How far EVs went in 2024 Investing in 2025: Six wealth management trends to watch out for Its net loss widened 15% to ₹1,303 crore in FY24. So far, the retailer known for its ready-to-assemble products has incurred a cumulative loss of ₹5,550 crore in India as it spent to buy and build distribution centres, a city outlet and three big box stores-each large enough to fit about four football fields. "Ikea in India maintained a solid sales growth despite no price increase and lowering the prices on certain products in FY24," a company spokesperson said. "Our losses largely reflect the investment we are making towards our omni-channel growth. We remain committed to our plan of opening more stores and serving 200 million people by 2025 through our high quality, affordable range." Last fiscal, Ikea cut costs after raw material prices softened, helping the company lower prices of several products by about 20% both in India as well as globally. Earlier this year, the flat-pack furniture giant said it is still trying to get a foothold in the Indian market and that it will take at least 8-10 stores to benefit from economies of scale. 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"Chapter one was the sourcing and foundation and then getting the first door up and running. And then the intention is to get the company in top big cities. We are measuring out and laying out plans to see how we can do it for 1.4 billion people. And if I am certain about anything, it is that the economic outlook for India is looking good," he said. Ikea started sourcing from India in the 1980s and has more than five dozen suppliers in the country, most of them in textiles. Over a decade ago, the erstwhile Foreign Investment Promotion Board (FIPB) had approved Ikea's ₹10,500-crore investment proposal to open 25 stores in the country by 2025. It has since opened three large-format stores in Hyderabad, Mumbai and Bengaluru and one smaller city store in Mumbai. It aims to open bigger stores in Gurugrma and Noida in the National Capital Region soon. The Swedish retailer, which opened its first India store in 2018 in Hyderabad, has been a runaway success in the country, outpacing local rivals Urban Ladder and Pepperfry in its first year of operations with that single outlet. During the year, Ikea's paid-up share capital was increased by ₹600 crore to ₹4.615 crore. "When we think about India, we think about size," Brodin told ET in February. "In terms of investment priorities, India ranks one, two and three. We have consciously decided we cannot financially afford to be in the startup phase in too many places. But India is the top priority for us now." Nominations for ET MSME Awards are now open. The last day to apply is December 31, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award. (You can now subscribe to our Economic Times WhatsApp channel )
CHARLESTON, S.C. (AP) — Bryce Thompson scored 17 points, Marchelus Avery had 15 points and eight rebounds, and Oklahoma State beat Miami 80-74 on Friday in the consolation bracket of the Charleston Classic. Oklahoma State (4-1) will play in the fifth-place game on Sunday, while Miami (3-2) will try to avoid going winless in the tournament. Oklahoma State led 43-27 at halftime after making 8 of 15 from 3-point range, while Miami was just 8 of 27 overall. Four different Cowboys made a 3-pointer in the first half, with Brandon Newman making three. Thompson banked in a shot early in the second half to give Oklahoma State a 20-point lead at 49-29. Miami, which opened the game by missing 7 of 8 shots, went 1 for 8 from the field to begin the second half. Miami trailed by double figures the entire second half until Matthew Cleveland made a difficult shot in the lane while being fouled. He made the free throw to pull the Hurricanes within 75-67 with 49 seconds left. Arturo Dean restored a double-digit lead by making two free throws at 43.8. Thompson reached the 1,000 career points with the Cowboys on a shot in the lane with 13:01 left in the second half to give Oklahoma State a 55-38 lead. Nijel Pack scored 20 points and Brandon Johnson had 12 points and 10 rebounds for Miami. Cleveland finished with 11 points, and Lynn Kidd and Paul Djobet each had 10. ___ Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college basketball: https://apnews.com/hub/ap-top-25-college-basketball-poll and https://apnews.com/hub/college-basketballGlobe offers affordable 5G WiFi
Last week's congressional votesLocal flair at center stage as Red Bulls-NYCFC rivalry hits playoffsAP Sports SummaryBrief at 5:51 p.m. EST
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