WEST PALM BEACH, Fla. (AP) — President-elect Donald Trump on Saturday threatened 100% tariffs against a bloc of nine nations if they act to undermine the U.S. dollar. His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates. Turkey, Azerbaijan and Malaysia have applied to become members and several other countries have expressed interest in joining. While the U.S. dollar is by far the most-used currency in global business and has survived past challenges to its preeminence, members of the alliance and other developing nations say they are fed up with America’s dominance of the global financial system . The dollar represents roughly 58% of the world’s foreign exchange reserves, according to the IMF and major commodities like oil are still primarily bought and sold using dollars. The dollar's dominance is threatened, however, with BRICS' growing share of GDP and the alliance's intent to trade in non-dollar currencies — a process known as de-dollarization. Trump, in a Truth Social post, said: “We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs, and should expect to say goodbye to selling into the wonderful U.S. Economy." At a summit of BRIC nations in October, Russian President Vladimir Putin accused the U.S. of “weaponizing” the dollar and described it as a “big mistake.” “It’s not us who refuse to use the dollar,” Putin said at the time. “But if they don’t let us work, what can we do? We are forced to search for alternatives.” Russia has specifically pushed for the creation of a new payment system that would offer an alternative to the global bank messaging network, SWIFT, and allow Moscow to dodge Western sanctions and trade with partners. Trump said there is "no chance" BRIC will replace the U.S. dollar in global trade and any country that tries to make that happen "should wave goodbye to America.” Research shows that the U.S. dollar's role as the primary global reserve currency is not threatened in the near future. An Atlantic Council model that assesses the dollar’s place as the primary global reserve currency states the dollar is “secure in the near and medium term” and continues to dominate other currencies. Trump's latest tariff threat comes after he threatened to slap 25% tariffs on everything imported from Mexico and Canada, and an additional 10% tax on goods from China, as a way to force the countries to do more to halt the flow of illegal immigration and drugs into the U.S. He has since held a call with Mexican President Claudia Sheinbaum, who said Thursday she is confident that a tariff war with the United States can be averted. Canadian Prime Minister Justin Trudeau returned home Saturday after meeting Trump, without assurances the president-elect will back away from threatened tariffs on Canada.Trump asks Supreme Court to delay TikTok ban so he can weigh in after he takes office
Judge signals that contempt hearing for Rudy Giuliani over his assets might not go well for himUS stocks experience mixed fortunes on quiet day of trading
MAX Auto Industry 3x Leveraged ETN ( NYSEARCA:CARU – Get Free Report ) shares saw unusually-high trading volume on Thursday . Approximately 243 shares changed hands during mid-day trading, a decline of 39% from the previous session’s volume of 398 shares.The stock last traded at $32.49 and had previously closed at $32.68. MAX Auto Industry 3x Leveraged ETN Price Performance The stock’s 50 day moving average price is $27.88 and its 200 day moving average price is $24.50. MAX Auto Industry 3x Leveraged ETN Company Profile ( Get Free Report ) The MAX Auto Industry 3X Leveraged ETN (CARU) is an exchange-traded fund that is based on the Prime Auto Industry index. The fund is an exchange-traded note that tracks 3x the daily price movements of an index consisting of US-listed companies in the broader auto industry ecosystem. The index selects equities by market-cap and weights the resulting portfolio by liquidity. Featured Stories Receive News & Ratings for MAX Auto Industry 3x Leveraged ETN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MAX Auto Industry 3x Leveraged ETN and related companies with MarketBeat.com's FREE daily email newsletter .
Lucknow: Chief Minister Yogi Adityanath on Saturday stressed on adopting virtual ICUs , telemedicine , and artificial intelligence in the medical sector to address future healthcare challenges. Speaking at the 120th foundation day of King George's Medical University , the CM said institutions like IIT Kanpur, UPTU, SGPGIMS, and KGMU must collaborate for better healthcare solutions. He assured that funds would never be an issue for KGMU projects. The CM said the state govt has allocated Rs 300 crore to KGMU for new machines and labs, Rs 377 crore for a surgery department, Rs 46 crore for fire safety, and Rs 70 crore for expansion of the cardiology department. He said govt has provided all required resources to KGMU it needs to grow and now the focus should be on improving services and planning for the next 100 years. He praised KGMU for its exceptional efforts during the Covid-19 pandemic, which provided critical support to those in need. He also awarded medals and certificates to 67 meritorious MBBS and BDS students. Yogi said while several nations adopted advanced medical technologies years ago, India still needs to catch up. Yogi shared how his govt has worked to eliminate corruption and ensure public projects are completed with integrity. He said, "When our govt came to office, many funds were unused and lying in PLA accounts due to a lack of timely utilisation. These funds were recovered and used to help farmers, pay salaries, and complete important projects. We also instructed institutions to complete projects in a time-bound manner," he added. Expressing concern over the rising number of road accident deaths, he said over 25,000 lives were lost in road accidents last year in UP, with 40% of the victims in the 18-40 age group. To prevent such tragedies, he urged citizens to follow traffic rules. He also highlighted the critical role of trauma centers in saving the lives of accident victims. Speaking about the importance of organ donation, the CM asked doctors to explain to families of brain dead patients how organ donation can help others. "We need to educate the public that if a brain dead person can save another's life through organ donation, it should be embraced," he added. Yogi also voiced concern on mental health problems caused by excessive smartphone use. He suggested that experts from KGMU and IIT should run campaigns to educate people about the harmful effects of excess screen time. He advised doctors and healthcare workers to be kind and caring toward patients. "Even after they recover, patients will always remember how they were treated by the hospital staff," he said. Deputy CM Brajesh Pathak in his address said improvements are being made in healthcare and medical education across the state. He emphasised that there is no shortage of funds and said Rs 300 crore has been allocated solely for purchasing medical equipment for KGMU, compared to the previous allocation of Rs 50 crore. This increase will bring substantial improvement in diagnostic and treatment facilities, he added. State minister Mayankeshwar Sharan Singh said improvement in OPD facilities and diagnostic procedures in hospitals reflects govt's continuous efforts to better healthcare facilities.BOSTON (AP) — UConn coach Jim Mora agreed to a two-year contract extension through 2028, the school announced Saturday right before kickoff of the Huskies’ Fenway Bowl game against North Carolina. Mora will earn $10.01 million plus incentives over the next four years, the school said before UConn beat the Tar Heels 27-14 to reach nine wins for the first time since 2007. After the game, Mora thanked the administration for it support but said, pointing to his players, “It’s about these guys and what they did today.” The Huskies were playing in their second bowl game in three seasons under Mora, bouncing back from last year’s 3-9 record to post their first winning season since Randy Edsall took them to the Fiesta Bowl in 2010. UConn has reached nine wins only two other times since joining what is now the Bowl Subdivision in 2000. “When I first got here, I talked about where we wanted this program to go,” Mora said in the statement that was released moments before kickoff. “We have shown great progress but we still have plenty of work to do.” The Huskies (9-4) posted their first winning season since 2010. An independent, UConn won all of its games against the non-Power Four conferences but, heading into the Fenway Bowl, had lost all of its games against major football programs. Mora said Friday that the next step was to start beating those teams as well. “Three years ago, I tasked Jim Mora with the challenge of leading our football team back to success and through his experience, energy and leadership he has done just that,” athletic director David Benedict said. “He has taken our program to post season bowl games twice and just guided our team to one of the best seasons in UConn football history, building a momentum to keep this program moving forward. I look forward to his leadership of our football team in the years ahead.” Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football
Dallas (7-8) at Philadelphia (12-3) Sunday, 1 p.m. EST, Fox BetMGM NFL Odds: Eagles by 7 1/2 Against the spread: Dallas 6-9; Philadelphia 9-6 Series record: Cowboys lead 74-58. Last meeting: Jalen Hurts threw two touchdowns and ran for two more in the Eagles’ 34-6 rout of the Cowboys at Dallas on Nov. 10. Last week: Cowboys 26-24; at Washington. Cowboys offense: overall (16), rush (28), pass (10), scoring (20) Cowboys defense: overall (27), rush (27), pass (21), scoring (30) Eagles offense: overall (6), rush (1), pass (31), scoring (8) Eagles defense: overall (1), rush (9), pass (2), scoring (5) Turnover differential: Cowboys minus-3; Eagles plus-6 Eagles player to watch RB Saquon Barkley is 162 yards shy of becoming the ninth player in NFL history to rush for 2,000 yards in a season and needs 268 yards to break Eric Dickerson’s single-season rushing record of 2,105 yards, set in 1984. Cowboys player to watch In his past five games, QB Cooper Rush has passed for nine touchdowns and one interception, looking more comfortable of late after taking over for Dak Prescott in November. Rush is 9-2 as a starter against teams that are not the Eagles. Key matchup Dallas’s rushing defense vs. Barkley. Can anyone stop him? The Cowboys will be the latest to try to corral Barkley, who has 1,838 rushing yards and 2,114 scrimmage yards, both of which lead the NFL. Dallas ranks 28th in the NFL in rushing defense, allowing an average of 135.9 yards a game. Philadelphia, behind Barkley’s stellar play, tops the league at 187.9 yards a game on the ground. Key injuries Cowboys: WR CeeDee Lamb will miss the final two games after getting shut down over the sprained right shoulder he's been dealing with the second half of the season. ... LB Eric Kendricks (calf) warmed up but wasn’t able to play against Tampa Bay last week. Eagles: Hurts is in concussion protocol after leaving the game following a 13-yard scramble with 9:52 left in the first quarter last week. ... DE Josh Sweat (ankle) and Jordan Davis also left the game at Washington early. ... QB Ian Book was signed to the practice squad Thursday. Series notes The Cowboys made the playoffs in each of the previous three seasons, but were eliminated prior to their game against Tampa Bay last week when the Commanders came back from a 13-point, fourth-quarter deficit to beat Philadelphia. ... Dallas is 5-2 on the road. ... The Eagles can clinch the NFC East and one of the conference's top two seeds with a victory. ... On Jan. 11, 1981, the Eagles defeated the Cowboys 20-7 at their former home, Veterans Stadium. Wilbert Montgomery rushed for a 42-yard touchdown to give Philadelphia an early lead that propelled the Eagles to their first Super Bowl appearance. Stats and stuff LB Micah Parsons needs half a sack to reach double digits in sacks for the fourth straight season to begin his career and would become just the fifth player to accomplish the feat in NFL history. ... K Brandon Aubrey made a 53-yard and two 58-yard field goals against the Buccaneers, upping his league-leading total to 14 made of 50-plus yards. ... Kenny Pickett went 14 of 24 for 143 yards and a TD in relief of Hurts last week. If he can’t go because of the rib injury and Hurts remains unavailable, Philadelphia could turn to third-stringer Tanner McKee, a 2023 sixth-round pick. Pickett, a 2022 first-round pick, is no stranger to starting, going 14-10 as Pittsburgh’s QB earlier in his career. ... Defensive back C.J. Gardner-Johnson was ejected against Washington for committing two unsportsmanlike penalties. ... The Eagles already set a team record for rushing yards in a season with 2,818, and they are within four rushing touchdowns of tying the club’s best single-season mark of 32, set in 2022. ... Barkley needs just 33 yards from scrimmage to break McCoy’s mark of 2,146 scrimmage yards, set in 2013. ... WR A.J. Brown leads the NFL with 16.3 yards a catch and ranks ninth in the league with 1,043 receiving yards, joining Mike Quick (1983–85) as the only Philadelphia players to have three consecutive 1,000-yard receiving seasons. Fantasy tip Philadelphia’s defense is tied for ninth in the NFL with a plus-6 turnover margin. With Hurts possibly sidelined, Philadelphia giving up an uncharacteristic 36 points last week and the chance to clinch the division, the Eagles defense likely will be extra motivated to have a good performance against a Dallas offense that ranks 21st in the league in points. ___ AP NFL: The Associated Press
US stocks experience mixed fortunes on quiet day of trading