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NEW YORK (AP) — Stocks are closing lower as Wall Street ends a holiday-shortened week on a down note. The S&P 500 fell 1.1% Friday and the the Dow Jones Industrial Average lost 333 points, or 0.8%. The Nasdaq composite dropped 1.5%. The “Magnificent 7” stocks weighed on the market, led by declines in Nvidia, Tesla and Microsoft. Even with the loss, the S&P 500 had a modest gain for the week and is still headed for its second consecutive annual gain of more than 20%, the first time that has happened since 1997-1998. The yield on the 10-year Treasury rose to 4.62%. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. NEW YORK (AP) — Technology stocks are dragging down the market Friday as Wall Street closes out a holiday-shortened week. The S&P 500 fell 1.3%, with more than 90% of stocks in the benchmark index losing ground. The benchmark index was managing to hold onto a modest gain for the week. The Dow Jones Industrial Average fell 418 points, or 1%, to 42,878 as of 1:43 p.m. Eastern time. The Nasdaq composite fell 1.8%. Technology stocks were the biggest weight on the market Friday. Semiconductor giant Nvidia slumped 2.7%. Its enormous valuation gives it an outsize influence on indexes. Other Big Tech stocks losing ground included Microsoft, with a 2% decline. A wide range of retailers also fell. Amazon fell 1.9% and Best Buy slipped 1.8%. The sector is being closely watched for clues on how it performed during the holiday shopping season. Energy stocks held up better than the rest of the market, with a loss of just 0.1% as crude oil prices rose 1.4%. The S&P 500 gained nearly 3% over a 3-day stretch before breaking for the Christmas holiday. On Thursday, the index posted a small decline. “There's just some uncertainty over this relief rally we've witnessed since last week,” said Adam Turnquist, chief technical strategist for LPL Financial. Despite Friday's drop, the market is moving closer to another standout annual finish . The S&P 500 is on track for a gain of around 25% in 2024. That would mark a second consecutive yearly gain of more than 20%, the first time that has happened since 1997-1998. The gains have been driven partly by upbeat economic data showing that consumers continued spending and the labor market remained strong. Inflation, while still high, has also been steadily easing. A report on Friday showed that sales and inventory estimates for the wholesales trade industry fell 0.2% in November, following a slight gain in October. That weaker-than-expected report follows an update on the labor market Thursday that showed unemployment benefits held steady last week. The stream of upbeat economic data and easing inflation helped prompt a reversal in the Federal Reserve's interest rate policy this year. Expectations for interest rate cuts also helped drive market gains. The central bank recently delivered its third cut to interest rates in 2024. Even though Inflation has come closer to the central bank's target of 2%, it remains stubbornly above that mark and worries about it heating up again have tempered the forecast for more interest rate cuts. Inflation concerns have added to uncertainties heading into 2025, which include the labor market’s path ahead and shifting economic policies under incoming President Donald Trump. Worries have risen that Trump’s preference for tariffs and other policies could lead to higher inflation , a bigger U.S. government debt and difficulties for global trade. Amedisys rose 4.7% after the home health care and hospice services provider agreed to extend the deadline for its sale to UnitedHealth Group. The Justice Department had sued to block the $3.3 billion deal, citing concerns he combination would hinder access to home health and hospice services in the U.S. The move to extend the deadline comes ahead of an expected shift in regulatory policy under Trump. The incoming administration is expected to have a more permissive approach to dealmaking and is less likely to raise antitrust concerns. In Asia, Japan’s benchmark index surged as the yen remained weak against the dollar. Stocks in South Korea fell after the main opposition party voted to impeach the country’s acting leader. Markets in Europe gained ground. Bond yields held relatively steady. The yield on the 10-year Treasury rose to 4.61% from 4.59% late Thursday. The yield on the two-year Treasury slipped to 4.31% from 4.33% late Thursday. Wall Street will have more economic updates to look forward to next week, including reports on pending home sales and home prices. There will also be reports on U.S. construction spending and snapshots of manufacturing activity.
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SAN JOSE, Calif. (KGO) -- An online debate between big tech and politics continues into the weekend. At the center of the issue - the H-1B visa program. It's a gateway for skilled workers from around the world who specialize in areas that include mathematics, technology, engineering, and science; 65,000 visas are issued each year with an additional 20,000 given to those who have masters degrees or higher. Ahmed Banafa is an engineering professor at San Jose State. "This thing about having this limit about having 65,000 - I mean we could miss someone," Banafa said. MORE: Mexico tests cellphone app allowing migrants to send alert if they are about to be detained in US Google and Meta were each approved to hire 5,000 H-1B-workers this year. Trump's new AI advisor has advocated for the U.S. to remove country-specific caps on H-1B visas. Tech industry leaders and Trump advisors Vivek Ramaswamy and Elon Musk both made long posts on X on how their businesses rely on H-1B workers. Ramaswamy pointed to the "American culture" that celebrates the prom queen over the math Olympiad. MORE: Proposed CA bill would offer protection to immigrant children in schools, child care facilities MAGA supporter Laura Loomer tweeted the H-1B program takes away jobs from American STEM students. In a comment post Musk said "OF COURSE my companies and I would prefer to hire Americans and we DO, as that is MUCH easier than going through the incredibly painful and slow work visa process. HOWEVER, there is a dire shortage of extremely talented and motivated engineers in America." "Look at Musk himself. He is one of the products of the H-1B visa. I mean, we don't have Elon Musk - you agree or disagree with him we're not going to have Tesla, we're not going to have Space X, Starlink," Musk said. ABC7 News insider Phil Matier weighed in on Musk's support for the visa program. MORE: Attorney General Bonta bolsters California's response to Trump's immigration proposals "He's not only in favor of H-1B visas, he's also in favor of expanding them. To where if someone comes to America and completes a four-year college program they should automatically get a green card. That's bringing a competitive workforce into America that will be competing with native-born Americans for jobs," Matier said. On Friday, Marjorie Taylor Greene made the case young people are spending all their time trying to be "the next YouTuber, content creator or social media influencer instead of pursuing a useful skill set, trade -education." So, what will happen to H-1B visas during Trump's second term? That's unclear. Trump restricted the program in 2020 during his first administration.Still in search of cohesion, 76ers set to face Nets
HOUSTON (AP) — Will Levis and the Tennessee Titans were far from perfect Sunday. But they did just enough to outlast the mistake-prone Houston Texans and get their first AFC South win of the season. Levis threw for 278 yards and his 70-yard touchdown pass to Chig Okonkwo put Tennessee on top in the fourth quarter and the Titans held on for the 32-27 victory. “The coolest thing about this game was just the way our team fought,” coach Brian Callahan said. “It was a back-and-forth game. Our guys did a good job of not flinching and keeping the blinders on. We’ve been in games like this before, and we haven’t been able to make a play, but this week, we made a play.” Okonkwo grabbed a short pass and rumbled for the touchdown to put the Titans (3-8) up 30-27 with 91⁄2 minutes remaining. Safety Eric Murray missed a tackle that would have stopped him near midfield. The Texans (7-5) had a chance to tie it with less than two minutes remaining, but Ka’imi Fairbairn’s 28-yard field-goal attempt sailed wide left. He fell to the ground after the miss before getting up and slamming his helmet on the field. Callahan held both hands in the air and smiled after watching the miss that allowed his team to win on a day it had three turnovers. The Texans forced a three-and-out, but couldn’t move the ball after that and Harold Landry sacked C.J. Stroud in the end zone for a safety to make it 32-27 and allow Tennessee to snap a two-game skid. Stroud threw for 247 yards and two touchdowns, but also threw two interceptions as the AFC South-leading Texans lost for the third time in four games. Stroud has thrown five interceptions combined in the past three games to give him more interceptions in 12 games this season (nine) than he had in 15 games as a rookie last season (five). “It’s no secret that I haven’t been playing well... I’ve got to be harder on myself,” he said. “I’m not going to hold my head down. I know I can be a great player, but I’ve got to make better plays.” Jimmie Ward had a 65-yard interception return for a touchdown in the third quarter and the Texans tied a franchise record with eight sacks. Danielle Hunter led the group with a season-high three sacks and Will Anderson Jr. added two in his return after missing two games with an ankle injury. But the offense sputtered for most of the game as Joe Mixon was held to 22 yards on 14 carries. “Just a disappointing loss for us,” coach DeMeco Ryans said. “We didn’t do anything well enough to win this game. Out of all the positives that we did have, there were way too many negatives.” It was Tennessee's first win of the season in a game that Levis both started and finished. The second-year player missed three games this year with a sprained AC joint in his throwing shoulder. “I’m really proud of Will,” Callahan said. “He’s done a lot of things to get himself back in the right place, mentally and physically. It was a really good performance.” Levis knows he can be better, but was happy to leave Houston with a victory in this difficult season. “It feels awesome,” he said. “A lot of people have been working really hard to get a win like this. I’m just happy for the organization, top down.” Tennessee extended the lead to 23-17 on a 51-yard field goal by Nick Folk with nine minutes left in the third. Stroud threw his second interception with about 90 seconds left in the third quarter but Ward’s touchdown came three plays later to put the Texans on top 24-23. The Titans fumbled a punt early in the fourth quarter and Houston recovered it. A 54-yard field goal by Fairbairn extended the lead to 27-23 with about 10 minutes to go. Dameon Pierce returned the opening kickoff 80 yards to get the Texans in the red zone. Houston cashed in on the next play when Stroud found rookie Cade Stover on a 19-yard pass for his first touchdown reception. The Titans trailed by four after a field goal by Folk when Nick Westbrook-Ikhine got in front of the defense and was wide open for a 38-yard TD catch that made it 10-7 late in the first quarter. Tennessee extended the lead to 17-7 when Tony Pollard ran 10 yards for a touchdown with about 11 minutes left in the second. Pollard finished with 119 yards and a touchdown. Nico Collins scored on a 5-yard reception with about six minutes left in the second. Levis levis lost a fumble with about 3 1/2 minutes left and the Texans added a 28-yard field goal to tie it at 17-17. Houston forced a punt after that, but rookie Jarvis Brownlee Jr. got his first career interception two plays later to give Tennessee the ball back. Folk’s 56-yard field goal, which tied his career long, put the Titans up 20-17 at halftime. The Titans were without cornerback L’Jarius Sneed, after he was placed on injured reserve with a quadriceps injury, and safety Amani Hooker, who was added to the injury report Sunday morning with an illness. Callahan said Hooker was vomiting “every time he stood up” Sunday. ... Houston S Jalen Pitre injured his shoulder in the second quarter and didn’t return. ... CB Ka’dar Hollman left in the fourth quarter with a knee injury. Titans: Visit the Commanders next Sunday. Texans: Visit Jacksonville next Sunday. AP NFL: https://apnews.com/hub/nfl
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Golden handcuffs, anyone? Potentia’s surprise cure for grumpy staffOn a rare two-game skid, No. 24 Arizona faces DavidsonDelivering Optimized, Outbound-Focused Contact Center Solutions for Modern Businesses LAUDERDALE LAKES, Fla. , Dec. 27, 2024 /PRNewswire/ -- outboundIQ www.outboundiq.com proudly announces its accreditation as a Five9 Certified Implementation Partner (CIP), a distinction that reflects its deep expertise in optimizing and streamlining outbound-focused contact center operations. With a team of seasoned Five9 veterans, expert programmers, and industry thought leaders, outboundIQ is uniquely equipped to help businesses of all sizes unlock the full potential of Five9's Virtual Contact Center platform. Optimized Solutions for Complex Contact Center Needs outboundIQ specializes in providing expedited, outbound-focused contact center implementations, integrating advanced features such as inbound and outbound Voice, SMS, Chat, Email, Salesforce Integration, and other third-party app integrations. Clients can also leverage ongoing optimization engagements and monthly retainers for strategic consulting designed to support long-term, outreach-focused success. "Who better to handle your domain configuration than the experts that understand the outbound contact center world. To be an outbound expert, you must know 3 things; how to configure the domain front end, how the architecture interprets that design, and how carriers respond to your dialing behavior as a result of the build. outboundIQ has the advantage of deeply understanding all 3 things. Our experts are seasoned professionals that will guide toward the best build for your business. You tell us about your business, your needs and your processes, and we will build you a domain fit for purpose. outboundIQ offers best in class Domain Optimization, Implementation and Consulting for customers of all sizes and complexity. Due to our methodology and proprietary automations, we are able to bring our customers' projects to life within accelerated timeframes." - Jessica Clay , VP Support and Services "We launched our business in June and were fortunate to connect with the incredible team at outboundIQ early on. Navigating the world of outbound calling and building efficient prospecting systems isn't easy, but the entire team at outboundIQ brought our vision to life seamlessly. They implemented our ideas quickly and executed them flawlessly. Since partnering with them, our contact rates have significantly improved, our conversions have increased, and our overall business is thriving. We're deeply grateful for this collaboration and look forward to continuing our work together on future endeavors!" - Tim, Lit Financial "I genuinely don't know enough ways to thank the entire outboundIQ team. I inherited a domain riddled with mistakes, tangled beyond belief, and I had essentially planned to scrap the whole thing and start over. That's when this team, led by Jessica Clay's brilliance, took over to understand exactly what I wanted to create and completely revitalized my domain. We are all beyond thankful as they continue to consult for us to this day and I see no reason to stop. Thank you, Jessica, Jason, Rudy, Bruno, Sandy and everyone who gets the pleasure of working with these domain geniuses!" - Michael, Lifetime Home Remodeling A Holistic Approach to Outbound Excellence Creating a competitive, consumer-focused outreach program requires more than just advanced technology. As outboundIQ explains, a thriving contact center functions like a high-performing racing team: outboundIQ's professional services team brings these critical elements together, ensuring clients achieve best-in-class outbound operations that prioritize consumer experience while maintaining a competitive edge. A Call to Collaboration With its new CIP certification, outboundIQ invites businesses to explore select partnership opportunities and projects to reimagine their contact center operations. Whether through expedited implementations or ongoing strategic consulting, outboundIQ is committed to driving measurable results for its clients. About outboundIQ outboundIQ delivers optimized, outbound-focused contact center implementations, combining years of Five9 expertise with cutting-edge strategies to help businesses achieve exceptional outreach outcomes. As a Five9 Certified Implementation Partner, outboundIQ provides tailored solutions to meet the unique needs of modern organizations. About Five9 Five9 is a digital enterprise's leading cloud contact center and software provider. The Five9 Intelligent CX Platform is reliable, secure, compliant, and scalable, designed to create exceptional personalized customer experiences. www.five9.com Media contact: Sandy Tafur Phone: 404-660-5314 mail: sandy@outboundiq.com View original content to download multimedia: https://www.prnewswire.com/news-releases/outboundiq-achieves-certified-implementation-partner-cip-status-with-five9-302339797.html SOURCE outboundIQ
NEW YORK , Nov. 26, 2024 /PRNewswire/ -- Rhuna, an advanced event management platform developed by the creators of UNTOLD—ranked #3 globally by DJ Mag and one of the world's largest music festivals—announces its partnership with Plume, the first fully-integrated layer-1 modular blockchain focused on Real World Asset Finance (RWAfi). Reaching over 2 million attendees across 165 events, including partnerships with iconic organizers like UNTOLD Festival, this collaboration is set to revolutionize the $700B+ live events industry with cutting-edge innovation. Building the Future of Onchain Events Rhuna's platform integrates into Plume Network, leveraging its ecosystem of 180+ projects, over 200M transactions, and support from 3.5M testnet users. This partnership enables innovative blockchain solutions that modernize event management, offering capabilities such as: Rhuna's Proven Track Record Rhuna's platform has already revolutionized event management in the Web2 space, with: This collaboration amplifies Rhuna's ability to scale globally while delivering cost-effective, engaging, and personalized event experiences. Why This Matters The partnership addresses key challenges in the events industry, combining Rhuna's expertise with Plume's blockchain infrastructure to deliver tangible results, while creating transparent and scalable tools for secure, decentralized event management. " This partnership is a major milestone for the integration of blockchain into real-world industries, " said Chris Yin , CEO of Plume. " With Rhuna's proven success in live events and Plume's infrastructure, we're unlocking the full potential of Web3 to transform how events are managed and experienced. " " We're excited to partner with Plume Network, whose focus on RWAfi and modular blockchain infrastructure perfectly aligns with Rhuna's mission. Plume's technology enhances our platform's scalability, security, and efficiency, helping us deliver seamless, blockchain-powered solutions for event organizers and attendees in real-world asset integration. This partnership is a key step in transforming the events industry, " said Sveatoslav Vizitiu, CEO of Rhuna. About Rhuna Rhuna is a white-label event management platform integrating modular solutions for payments, marketing, ticketing, and analytics into a seamless, blockchain-powered infrastructure. Founded by the creators of UNTOLD, Rhuna's mission is to scale events of all sizes while delivering cost-effective, engaging, and personalized attendee experiences. Learn more at rhuna.io or contact sveat@rhuna.io . Twitter | Website | Discord | Telegram About Plume Plume is the first fully integrated L1 modular blockchain focused on RWAfi, offering a composable, EVM-compatible environment for onboarding and managing diverse real-world assets. With 180+ projects on its private devnet, Plume provides an end-to-end tokenization engine and a network of financial infrastructure partners, simplifying asset onboarding and enabling seamless DeFi integration for RWAs. Learn more at plumenetwork.xyz or contact press@plumenetwork.xyz . View original content to download multimedia: https://www.prnewswire.com/news-releases/700b-industry-shake-up-rhuna-x-plume-transforming-events-for-2m-attendees--200m-blockchain-transactions-302316970.html SOURCE Plume NetworkDrake Maye returns after a hit to the head, but same problems persist in Patriots' loss to Chargers
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12. Clemson Tigers 10-3 (7-1 Atlantic Coast Conference regular season) What's next: First-round at No. 5 seed Texas, Dec. 21 Head coach: Dabo Swinney (17th season, 180-46 overall) About Swinney: The 55-year-old, who is 6-4 in the CFP, took over during the 2008 season and has won two national titles (2016, 2018). He will take the Tigers to the CFP the first time since the 2020 season and the seventh time overall. Resume The Tigers, the only three-loss team in the 12-team field, were in a must-win situation in the ACC championship game, prevailing on a last-second, 56-yard field goal to defeat SMU 34-31. Clemson lost two games to SEC opponents (Georgia and South Carolina) this season. The Tigers' other defeat came at home to Louisville. The matchup with Texas will be Clemson's first true road game against the SEC this season. Postseason history A nine-time winner of the ACC Championship Game, the Tigers notched a double-figure win total for the 13th time in the last 14 seasons. Along with its two national titles, Clemson reached the title game two other times (2019 and 2015). This will be the first Clemson-Texas matchup. The road to Atlanta It will be a tricky road for the Tigers to reach the CFP title game in Atlanta at a venue familiar to Clemson fans. The Tigers will take at least two and maybe three trips outside of their own time zone to qualify for the final. Names to know QB Cade Klubnik Klubnik, a Texas native, has been taking snaps in crucial situations since a limited role as a freshman in 2022, when he rescued the Tigers in an ACC Championship victory vs. North Carolina. Sporting a 19-8 career record as a starter, Klubnik has thrown for 3,303 yards and 33 touchdowns along with five interceptions this season. He tossed four TDs in the ACC title game Dec. 7 against SMU after receiving All-ACC honorable mention following the regular season. "He's battle-tested," Swinney said. "He has got a lot of experience under his belt. He has had some failure, which has made him better." RB Phil Mafah The senior has racked up 1,106 rushing yards with eight touchdowns this season and has 28 career scores. Mafah has averaged fewer than 17 carries per game, so he makes the most of his opportunities, and at 230 pounds he can be a load to bring down. DE T.J. Parker He's been disruptive on a regular basis, racking up 19 tackles for loss (11 sacks) this season. The 265-pound sophomore helped set the tone in the ACC title game when the Tigers feasted on early SMU mistakes. Parker is tied for the Division I lead with six forced fumbles this season. K Nolan Hauser The freshman joined the Tigers this season with great acclaim and produced a career highlight with a 56-yard game-winning field goal -- the longest in ACC title game history -- to beat SMU at the buzzer. --Field Level MediaFlorida State continues torrid star with rout of UMass