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tại mcw casino FILE – A cargo ship traverses the Agua Clara Locks of the Panama Canal in Colon, Panama, Sept. 2, 2024. (AP Photo/Matias Delacroix, File) FILE – President Jimmy Carter applauds as General Omar Torrijos waves after the signing and exchange of treaties in Panama City on June 16, 1978, giving control of the Panama Canal to Panama in 2000. At far right is Zbigniew Brzezinski, Carterís National Security Advisor. (AP Photo, File) FILE – President Jimmy Carter views the Panama Canal at the Miraflores Locks in Canal Zone on June 17, 1978. On Friday Carter signed the final Panama Canal Treaties giving control of the canal to Panama in 2000. (AP Photo/Tasnadi, File) FILE – A cargo ship traverses the Agua Clara Locks of the Panama Canal in Colon, Panama, Sept. 2, 2024. (AP Photo/Matias Delacroix, File) By WILL WEISSERT, JUAN ZAMORANO and GARY FIELDS PANAMA CITY (AP) — Teddy Roosevelt once declared the Panama Canal “one of the feats to which the people of this republic will look back with the highest pride.” More than a century later, Donald Trump is threatening to take back the waterway for the same republic. Related Articles National Politics | President-elect Trump wants to again rename North America’s tallest peak National Politics | Inside the Gaetz ethics report, a trove of new details alleging payments for sex and drug use National Politics | An analyst looks ahead to how the US economy might fare under Trump National Politics | Trump again calls to buy Greenland after eyeing Canada and the Panama Canal National Politics | House Ethics Committee accuses Gaetz of ‘regularly’ paying for sex, including with 17-year-old girl The president-elect is decrying increased fees Panama has imposed to use the waterway linking the Atlantic and Pacific oceans. He says if things don’t change after he takes office next month, “We will demand that the Panama Canal be returned to the United States of America, in full, quickly and without question.” Trump has long threatened allies with punitive action in hopes of winning concessions. But experts in both countries are clear: Unless he goes to war with Panama, Trump can’t reassert control over a canal the U.S. agreed to cede in the 1970s. Here’s a look at how we got here: It is a man-made waterway that uses a series of locks and reservoirs over 51 miles (82 kilometers) to cut through the middle of Panama and connect the Atlantic and Pacific. It spares ships having to go an additional roughly 7,000 miles (more than 11,000 kilometers) to sail around Cape Horn at South America’s southern tip. The U.S. International Trade Administration says the canal saves American business interests “considerable time and fuel costs” and enables faster delivery of goods, which is “particularly significant for time sensitive cargoes, perishable goods, and industries with just-in-time supply chains.” An effort to establish a canal through Panama led by Ferdinand de Lesseps, who built Egypt’s Suez Canal, began in 1880 but progressed little over nine years before going bankrupt. Malaria, yellow fever and other tropical diseases devastated a workforce already struggling with especially dangerous terrain and harsh working conditions in the jungle, eventually costing more than 20,000 lives, by some estimates. Panama was then a province of Colombia, which refused to ratify a subsequent 1901 treaty licensing U.S. interests to build the canal. Roosevelt responded by dispatching U.S. warships to Panama’s Atlantic and Pacific coasts. The U.S. also prewrote a constitution that would be ready after Panamanian independence, giving American forces “the right to intervene in any part of Panama, to re-establish public peace and constitutional order.” In part because Colombian troops were unable to traverse harsh jungles, Panama declared an effectively bloodless independence within hours in November 1903. It soon signed a treaty allowing a U.S.-led team to begin construction . Some 5,600 workers died later during the U.S.-led construction project, according to one study. The waterway opened in 1914, but almost immediately some Panamanians began questioning the validity of U.S. control, leading to what became known in the country as the “generational struggle” to take it over. The U.S. abrogated its right to intervene in Panama in the 1930s. By the 1970s, with its administrative costs sharply increasing, Washington spent years negotiating with Panama to cede control of the waterway. The Carter administration worked with the government of Omar Torrijos. The two sides eventually decided that their best chance for ratification was to submit two treaties to the U.S. Senate, the “Permanent Neutrality Treaty” and the “Panama Canal Treaty.” The first, which continues in perpetuity, gives the U.S. the right to act to ensure the canal remains open and secure. The second stated that the U.S. would turn over the canal to Panama on Dec. 31, 1999, and was terminated then. Both were signed in 1977 and ratified the following year. The agreements held even after 1989, when President George H.W. Bush invaded Panama to remove Panamanian leader Manuel Noriega. In the late 1970s, as the handover treaties were being discussed and ratified, polls found that about half of Americans opposed the decision to cede canal control to Panama. However, by the time ownership actually changed in 1999, public opinion had shifted, with about half of Americans in favor. Administration of the canal has been more efficient under Panama than during the U.S. era, with traffic increasing 17% between fiscal years 1999 and 2004 . Panama’s voters approved a 2006 referendum authorizing a major expansion of the canal to accommodate larger modern cargo ships. The expansion took until 2016 and cost more than $5.2 billion. Panamanian President José Raúl Mulino said in a video Sunday that “every square meter of the canal belongs to Panama and will continue to.” He added that, while his country’s people are divided on some key issues, “when it comes to our canal, and our sovereignty, we will all unite under our Panamanian flag.” Shipping prices have increased because of droughts last year affecting the canal locks, forcing Panama to drastically cut shipping traffic through the canal and raise rates to use it. Though the rains have mostly returned, Panama says future fee increases might be necessary as it undertakes improvements to accommodate modern shipping needs. Mulino said fees to use the canal are “not set on a whim.” Jorge Luis Quijano, who served as the waterway’s administrator from 2014 to 2019, said all canal users are subject to the same fees, though they vary by ship size and other factors. “I can accept that the canal’s customers may complain about any price increase,” Quijano said. “But that does not give them reason to consider taking it back.” The president-elect says the U.S. is getting “ripped off” and “I’m not going to stand for it.” “It was given to Panama and to the people of Panama, but it has provisions — you’ve got to treat us fairly. And they haven’t treated us fairly,” Trump said of the 1977 treaty that he said “foolishly” gave the canal away. The neutrality treaty does give the U.S. the right to act if the canal’s operation is threatened due to military conflict — but not to reassert control. “There’s no clause of any kind in the neutrality agreement that allows for the taking back of the canal,” Quijano said. “Legally, there’s no way, under normal circumstances, to recover territory that was used previously.” Trump, meanwhile, hasn’t said how he might make good on his threat. “There’s very little wiggle room, absent a second U.S. invasion of Panama, to retake control of the Panama Canal in practical terms,” said Benjamin Gedan, director of the Latin America Program at the Woodrow Wilson International Center for Scholars in Washington. Gedan said Trump’s stance is especially baffling given that Mulino is a pro-business conservative who has “made lots of other overtures to show that he would prefer a special relationship with the United States.” He also noted that Panama in recent years has moved closer to China, meaning the U.S. has strategic reasons to keep its relationship with the Central American nation friendly. Panama is also a U.S. partner on stopping illegal immigration from South America — perhaps Trump’s biggest policy priority. “If you’re going to pick a fight with Panama on an issue,” Gedan said, “you could not find a worse one than the canal.” Weissert reported from West Palm Beach, Florida, and Fields from Washington. Amelia Thomson-Deveaux contributed to this report from Washington.

US budget airlines are struggling. Will pursuing premium passengers solve their problems? DALLAS (AP) — Delta and United Airlines have become the most profitable U.S. airlines by targeting premium customers while also winning a significant share of budget travelers. That is squeezing smaller low-fare carriers like Spirit Airlines, which filed for bankruptcy protection on Monday. Some travel industry experts think Spirit’s troubles indicate less-wealthy passengers will have fewer choices and higher prices. Other discount airlines are on better financial footing but also are lagging far behind the full-service airlines when it comes to recovering from the COVID-19 pandemic. Most industry experts think Frontier and other so-called ultra-low-cost carriers will fill the vacuum if Spirit shrinks, and that there's still plenty of competition to prevent prices from spiking. Bitcoin ticks closer to $100,000 in extended surge following US elections NEW YORK (AP) — Bitcoin is jumping again, setting another new high above $99,000 overnight. The cryptocurrency has been shattering records almost daily since the U.S. presidential election, and has rocketed more than 40% higher in just two weeks. It's now at the doorstep of $100,000. Cryptocurrencies and related investments like crypto exchange-traded funds have rallied because the incoming Trump administration is expected to be more “crypto-friendly.” Still, as with everything in the volatile cryptoverse, the future is hard to predict. And while some are bullish, other experts continue to warn of investment risks. Australia rejects Elon Musk's claim that it plans to control access to the internet MELBOURNE, Australia (AP) — An Australian Cabinet minister has rejected X Corp. owner Elon Musk’s allegation that the government intends to control all Australians' access to the internet through legislation that would ban young children from social media. Treasurer Jim Chalmers said on Friday that Musk’s criticism was “unsurprising” after the government introduced legislation to Parliament that would fine platforms including X up to $133 million for allowing children under 16 to hold social media accounts. The spat continues months of open hostility between the Australian government and the tech billionaire over regulators’ efforts to reduce public harm from social media. Parliament could pass the legislation as soon as next week. Oil company Phillips 66 faces federal charges related to alleged Clean Water Act violations LOS ANGELES (AP) — Oil company Phillips 66 has been federally indicted in connection with alleged violations of the Clean Water Act in California. The Texas-based company is accused of discharging hundreds of thousands of gallons of industrial wastewater containing excessive amounts of oil and grease. The U.S. Department of Justice announced the indictment on Thursday. Phillips is charged with two counts of negligently violating the Clean Water Act and four counts of knowingly violating the Clean Water Act. An arraignment date has not been set. A spokesperson for the company said it was cooperating with prosecutors. US regulators seek to break up Google, forcing Chrome sale as part of monopoly punishment U.S. regulators want a federal judge to break up Google to prevent the company from continuing to squash competition through its dominant search engine after a court found it had maintained an abusive monopoly over the past decade. The proposed breakup floated in a 23-page document filed late Wednesday by the U.S. Justice Department calls for Google to sell its industry-leading Chrome web browser and impose restrictions designed to prevent Android from favoring its search engine. Regulators also want to ban Google from forging multibillion-dollar deals to lock in its dominant search engine as the default option on Apple’s iPhone and other devices. What you need to know about the proposed measures designed to curb Google's search monopoly U.S. regulators are proposing aggressive measures to restore competition to the online search market after a federal judge ruled that Google maintained an illegal monopoly. The sweeping set of recommendations filed late Wednesday could radically alter Google’s business. Regulators want Google to sell off its industry-leading Chrome web browser. They outlined a range of behavioral measures such as prohibiting Google from using search results to favor its own services such as YouTube, and forcing it to license search index data to its rivals. They're not going as far as to demand Google spin off Android, but are leaving that door open if the remedies don't work. Stock market today: Wall Street edges higher as it heads for a winning week NEW YORK (AP) — Stocks edged higher on Wall Street, keeping the market on track for its fifth gain in a row. The S&P 500 was up 0.1% in midday trading Friday. The Dow Jones Industrial Average climbed 226 points and the Nasdaq composite slipped 0.2%. Gap soared after reporting quarterly results that easily beat analysts' estimates. EchoStar, parent company of the Dish satellite television provider, fell after DirecTV called off its purchase of the company. European markets were mostly higher and Asian markets ended mixed. Treasury yields held relatively steady in the bond market. Crude oil prices gained ground. Apple and Google face UK investigation into mobile browser dominance LONDON (AP) — A British watchdog says Apple and Google aren't giving consumers a genuine choice of mobile web browsers. The watchdog's report Friday recommends they face an investigation under new U.K. digital rules taking effect next year. The Competition and Markets Authority took aim at Apple, saying the iPhone maker’s tactics hold back innovation by stopping rivals from giving users new features like faster webpage loading. The CMA’s report also found that Apple and Google manipulate the choices given to mobile phone users to make their own browsers “the clearest or easiest option.” Apple said it disagreed with the findings. German auto supplier Bosch to cut 5,500 jobs in further sign of carmakers' woes FRANKFURT, Germany (AP) — Germany's technology and services company Bosch is cutting its automotive division workforce by as many as 5,500 jobs in the next several years, in another sign of the headwinds hitting the German and global auto industries. The company cited stagnating global auto sales, too much factory capacity in the auto industry compared to sales prospects and a slower than expected transition to electric-powered, software-controlled vehicles. Some 3,500 of the job reductions would come before the end of 2027 and would hit the part of the company that develops driver assistance and automated driving technologies. About half those job reductions would be at locations in Germany. At least 15 people are sick in Minnesota from ground beef tied to E. coli recall U.S. health officials say at least 15 people in Minnesota have been sickened by E. coli poisoning tied to a national recall of more than 160,000 pounds of potentially tainted ground beef. Detroit-based Wolverine Packing Co. recalled the meat this week after Minnesota state agriculture officials reported multiple illnesses and found that a sample of the product tested positive for E. coli O157:H7, which can cause life-threatening infections. Symptoms of E. coli poisoning include fever, vomiting, diarrhea and signs of dehydration.Avior Wealth Management LLC lessened its position in shares of Xtrackers MSCI EAFE Hedged Equity ETF ( NYSEARCA:DBEF – Free Report ) by 45.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 8,375 shares of the exchange traded fund’s stock after selling 6,926 shares during the quarter. Avior Wealth Management LLC’s holdings in Xtrackers MSCI EAFE Hedged Equity ETF were worth $352,000 at the end of the most recent reporting period. Other large investors have also added to or reduced their stakes in the company. Mosaic Family Wealth Partners LLC raised its position in shares of Xtrackers MSCI EAFE Hedged Equity ETF by 5.3% during the 1st quarter. Mosaic Family Wealth Partners LLC now owns 1,406,846 shares of the exchange traded fund’s stock valued at $57,582,000 after buying an additional 70,701 shares in the last quarter. Hilltop Partners LLC raised its position in Xtrackers MSCI EAFE Hedged Equity ETF by 69.8% during the second quarter. Hilltop Partners LLC now owns 640,807 shares of the exchange traded fund’s stock valued at $26,555,000 after purchasing an additional 263,311 shares during the period. LRI Investments LLC bought a new stake in shares of Xtrackers MSCI EAFE Hedged Equity ETF in the 1st quarter valued at approximately $140,000. Certified Advisory Corp boosted its holdings in shares of Xtrackers MSCI EAFE Hedged Equity ETF by 37.6% in the 2nd quarter. Certified Advisory Corp now owns 75,927 shares of the exchange traded fund’s stock worth $3,146,000 after purchasing an additional 20,763 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Xtrackers MSCI EAFE Hedged Equity ETF during the 2nd quarter valued at approximately $123,000. Xtrackers MSCI EAFE Hedged Equity ETF Stock Up 0.8 % Shares of DBEF opened at $41.79 on Friday. Xtrackers MSCI EAFE Hedged Equity ETF has a 52-week low of $35.62 and a 52-week high of $42.63. The company has a market cap of $5.87 billion, a PE ratio of 16.37 and a beta of 0.60. The business has a fifty day moving average of $41.75 and a 200 day moving average of $41.49. Xtrackers MSCI EAFE Hedged Equity ETF Profile The Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of developed-market equities excluding North America. It is hedged for currency exposure from a USD point of view. DBEF was launched on Jun 9, 2011 and is managed by Xtrackers. Featured Stories Want to see what other hedge funds are holding DBEF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xtrackers MSCI EAFE Hedged Equity ETF ( NYSEARCA:DBEF – Free Report ). Receive News & Ratings for Xtrackers MSCI EAFE Hedged Equity ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xtrackers MSCI EAFE Hedged Equity ETF and related companies with MarketBeat.com's FREE daily email newsletter .

Five Below, Inc. FIVE reported its third-quarter results after Wednesday's closing bell. Here's a look at the details from the report. The Details: Five Below reported quarterly earnings of 42 cents per share, which beat the analyst consensus estimate of 17 cents. Quarterly revenue clocked in at $843.71 million, which beat the analyst consensus estimate of $798.58 million and is an increase over sales of $736.4 million from the same period last year. Five Below said comparable sales increased by 0.6% and the company opened 82 new stores and ended the quarter with 1,749 stores in 44 states. The company also announced the appointment of Winnie Park as CEO and a member of its board of directors, effective Dec. 16, 2024. Read Next: UnitedHealthcare CEO Brian Thompson Fatally Shot Outside NYC Hotel “We are pleased to report third-quarter results that exceeded our outlook. We delivered stronger performance across a broader group of our merchandise worlds compared to the second quarter and improved our operational execution. We were encouraged to see the positive results from the initiatives we undertook to add newness and deliver value in key categories,” said Ken Bull , Interim CEO and COO of Five Below. “We opened a record 82 new stores during this period with new store performance also surpassing our expectations. Our merchant and operational teams across the organization are focused on our key priorities of product, value and store experience, and I want to thank them for their efforts in delivering these results,” Bull added. Outlook: Five Below sees fourth-quarter earnings of between $3.23 and $3.41 per share, versus the $3.33 estimate, and revenue between $1.35 billion and $1.38 billion, versus the $1.36 billion estimate. The company sees fiscal 2024 earnings between $4.78 and $4.96 per share, versus the $4.61 estimate, and revenue between $3.84 billion and $3.87 billion, versus the $3.8 billion estimate. FIVE Price Action: According to Benzinga Pro , Five Below shares are up 10.51% after-hours at $116.25 at the time of publication Wednesday. Read More: Art Cashin’s Lessons: Cuban Crisis Trades To Timeless Wall Street Wit Photo: Mike Mozart from Wikimedia Commons © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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