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Economic activity gains traction amid easing inflation, but high uncertainty looms over the outlookStocks rose in afternoon trading on Wall Street Friday, keeping the market on track for its fifth gain in a row. The S&P 500 was up 0.3% and was solidly on track for a weekly gain that will erase most of last week's loss. The Dow Jones Industrial Average climbed 352 points, or 0.8%, and the Nasdaq composite rose 0.1% as of 2:05 p.m. Eastern. Markets have been volatile over the last few weeks, losing ground in the runup to elections in November, then surging following Donald Trump's victory, before falling again. The S&P 500 has been steadily rising throughout this week to within close range of its record. “Overall, market behavior has normalized following an intense few weeks,” said Mark Hackett, chief of investment research at Nationwide, in a statement. Several retailers jumped after giving Wall Street encouraging financial updates. Gap soared 10.8% after handily beating analysts' third-quarter earnings and revenue expectations, while raising its own revenue forecast for the year. Discount retailer Ross Stores rose 2.2% after raising its earnings forecast for the year. EchoStar fell 3.3% after DirecTV called off its purchase of that company's Dish Network unit. Smaller company stocks had some of the biggest gains. The Russell 2000 index rose 1.7%. A majority of stocks in the S&P 500 were gaining ground, but those gains were kept in check by slumps for several big technology companies. Nvidia fell 3.2%. Its pricey valuation makes it among the heaviest influences on whether the broader market gains or loses ground. The company has grown into a nearly $3.6 trillion behemoth because of demand for its chips used in artificial-intelligence technology. Intuit, which makes TurboTax and other accounting software, fell 5.6%. It gave investors a quarterly earnings forecast that fell short of analysts’ expectations. Facebook owner Meta Platforms fell 0.8% following a decision by the Supreme Court to allow a multibillion-dollar class action investors’ lawsuit to proceed against the company. It stems from the privacy scandal involving the Cambridge Analytica political consulting firm. European markets were mostly higher and Asian markets ended mixed. Crude oil prices rose. Treasury yields held relatively steady in the bond market. The yield on the 10-year Treasury fell to 4.40% from 4.42% late Thursday. In the crypto market, Bitcoin hovered around $99,000, according to CoinDesk. It has more than doubled this year and first surpassed the $99,000 level on Thursday. Retailers remained a big focus for investors this week amid close scrutiny on consumer spending habits headed into the holiday shopping season. Walmart, the nation's largest retailer, reported a quarter of strong sales and gave investors an encouraging financial forecast. Target, though, reported weaker earnings than analysts' expected and its forecast disappointed Wall Street. Consumer spending has fueled economic growth, despite a persistent squeeze from inflation and high borrowing costs. Inflation has been easing and the Federal Reserve has started trimming its benchmark interest rates. That is likely to help relieve pressure on consumers, but any major shift in spending could prompt the Fed to reassess its path ahead on interest rates. Also, any big reversals on the rate of inflation could curtail spending. Consumer sentiment remains strong, according to the University of Michigan's consumer sentiment index. It revised its latest figure for November to 71.8 from an initial reading of 73 earlier this month, though economists expected a slight increase. It's still up from 70.5 in October. The survey also showed that consumers' inflation expectations for the year ahead fell slightly to 2.6%, which is the lowest reading since December of 2020. Wall Street will get another update on how consumers feel when the business group The Conference Board releases its monthly consumer confidence survey on Tuesday. A key inflation update will come on Wednesday when the U.S. releases its October personal consumption expenditures index. The PCE is the Fed's preferred measure of inflation and this will be the last PCE reading prior to the central bank's meeting in December.
Aussie has reportedly split with her long-time partner, just months after making comments about wanting to start a family in the near future. Details emerged this week that Fox and partner Mathieu Biazizzo parted ways earlier in 2024 after nine years together. The couple are said to have quietly split in May, before . It's believed the long-distance relationship with Frenchman Biazizzo - a fellow kayaker and canoeist - took a toll. The relationship between Fox and Biazizzo was kept rather quiet during their nine years together. He is also a professional slalom canoeist and kayaker and has competed for France at a number of world championships. In 2016 he won the K1 world title. Just last year Fox had spoken about the relationship and her desire to start a family and become a mother in the not-too distant future. “There’s always a bit of competition, especially if we’re training together,” she said about Biazizzo. “It is really special to be able to share that together. And the fact that he understands what I’m going through. It also helps that we go to bed early together. “Maybe there’ll be an opportunity to see if I want to have a baby and come back. They’re conversations that we’ll definitely be having in the next few years, probably.” Fans have been sending well-wishes to Fox on social media after the split was made public on Thursday. Neither Fox or Biazizzo have commented on the news. The 30-year-old . She's won three gold medals, a silver and two bronze from four Olympic Games, as well as 22 world championship medals - the most of any paddler. But she is craving more and won't be slowing down anytime soon. "It is that question of how do you stay motivated," she told AAP late last month. "And the day that I don't have that hunger to train like it is required and to race and I lose that enjoyment for my sport, then that is the day that I stop. "For me, I am lucky. I love what I do, I have got an amazing team who help me be the best I can be and I love pushing myself in training. And next year we have got the world championships in Penrith so that is what is going to keep me hungry and excited for the next 12 months. And after that, it's that build-up to LA (the 2028 Olympics)." Fox was given the honour of being Australia's flag bearer at the opening ceremony at this year's Olympics in Paris, where she also shared the joy of seeing . The Fox sisters have shot to superstardom in the months that have followed, , while Jess won Sport NSW's athlete of the year for a sixth time and has become an A-list celebrity. "Definitely still pinching myself ... at the moment there is multi-tasking happening all the time," she said. "It has been an incredible time being at home and having that time now to reflect and to celebrate. "Winning gold obviously means it is more visible and your sport is more visible. But I didn't realise just how big that was and how many people watched and how many people were invested in for me the K1 and then the C1. "And then how many followed Noemie's journey and that whole story and family moment really resonated with people and inspired so many. It made them feel emotion. And that is what is so beautiful about this sport. You're there for the thrill of the ride and you're feeling to joy ... but it's incredible to see the impact that it has had on people."NoneProsecutor: Closed social network sells drugs to Rutgers students
Stock indexes drifted to a mixed finish on Wall Street as some heavyweight technology and communications sector stocks offset gains elsewhere in the market. The S&P 500 slipped less than 0.1% Thursday, its first loss after three straight gains. The Dow Jones Industrial Average added 0.1%, and the Nasdaq composite fell 0.1%. Gains by retailers and health care stocks helped temper the losses. Trading volume was lighter than usual as U.S. markets reopened following the Christmas holiday. The Labor Department reported that U.S. applications for unemployment benefits held steady last week, though continuing claims rose to the highest level in three years. Treasury yields fell in the bond market. On Thursday: Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Get updates and player profiles ahead of Friday's high school games, plus a recap Saturday with stories, photos, video Frequency: Seasonal Twice a week
NEW YORK (AP) — U.S. stocks rose Monday, with those benefiting the most from lower interest rates and a stronger economy leading the way. The S&P 500 climbed 0.3% to pull closer to its all-time high set two weeks ago. The Dow Jones Industrial Average added 440 points, or 1%, to its own record set on Friday, while the Nasdaq composite rose 0.3%. Treasury yields also eased in the bond market amid what some analysts called a “Bessent bounce” after President-elect Donald Trump said he wants Scott Bessent , a hedge fund manager, to be his Treasury Secretary. Bessent has argued for reducing the U.S. government’s deficit, which is how much more it spends than it takes in through taxes and other revenue. Such an approach could soothe worries on Wall Street that Trump’s policies may lead to a much bigger deficit, which in turn would put upward pressure on Treasury yields. After climbing above 4.44% immediately after Trump’s election, the yield on the 10-year Treasury fell back to 4.26% Monday, down from 4.41% late Friday. That’s a notable move, and lower yields make it cheaper for all kinds of companies and households to borrow money. They also give a boost to prices for stocks and other investments. That helped stocks of smaller companies lead the way, and the Russell 2000 index of smaller stocks jumped 1.5%. It finished just shy of its all-time high, which was set three years ago. Smaller companies can feel bigger boosts from lower borrowing costs because of the need for many to borrow to grow. The two-year Treasury yield, which more closely tracks the market’s expectations for what the Federal Reserve will do with overnight interest rates, also eased sharply. The Fed began cutting its main interest rate just a couple months ago from a two-decade high, hoping to keep the job market humming after bringing inflation nearly all the way down to its 2% target. But immediately after Trump’s victory, traders had reduced bets for how many cuts the Fed may deliver next year. They were worried Trump’s preference for lower tax rates and higher spending on the border would balloon the national debt. A report coming on Wednesday could influence how much the Fed may cut rates. Economists expect it to show that an underlying inflation trend the Fed prefers to use accelerated to 2.8% last month from 2.7% in September. Higher inflation would make the Fed more reluctant to cut rates as deeply or as quickly as it would otherwise. Goldman Sachs economist David Mericle expects that to slow by the end of next year to 2.4%, but he said inflation would be even lower if not for expected tariff increases on imports from China and autos favored by Trump. In the stock market, Bath & Body Works jumped 16.5% after delivering stronger profit for the latest quarter than analysts expected. The seller of personal care products and home fragrances also raised its financial forecasts for the full year, even though it still sees a “volatile retail environment” and a shorter holiday shopping season this year. Much focus has been on how resilient U.S. shoppers can remain, given high prices across the economy and still-high interest rates. Last week, two major retailers sent mixed messages. Target tumbled after giving a dour forecast for the holiday shopping season. It followed Walmart , which gave a much more encouraging outlook. Another big retailer, Macy’s, said Monday its sales for the latest quarter were in line with its expectations, but it will delay the release of its full financial results. It found a single employee had intentionally hid up to $154 million in delivery expenses, and it needs more time to complete its investigation. Macy’s stock fell 2.2%. Among the market’s leaders were several companies related to the housing industry. Monday’s drop in Treasury yields could translate into easier mortgage rates, which could spur activity for housing. Builders FirstSource, a supplier or building materials, rose 5.9%. Homebuilders, D.R. Horton, PulteGroup and Lennar all rose at least 5.6%. All told, the S&P 500 rose 18.03 points to 5,987.37. The Dow Jones Industrial Average jumped 440.06 to 44,736.57, and the Nasdaq composite gained 51.18 to 19,054.84. In stock markets abroad, indexes moved modestly across much of Europe after finishing mixed in Asia. In the crypto market, bitcoin was trading below $95,000 after threatening to hit $100,000 late last week for the first time. AP Business Writer Elaine Kurtenbach contributed.
It poured rain Thursday morning, but the 2024 LIFT Event still persisted in helping the underprivileged at the Tehama District Fairgrounds.
NEW YORK , Nov. 25, 2024 /PRNewswire/ -- The sauna market in US size is estimated to grow by USD 137 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 6.2% during the forecast period. Increasing focus on wellness and self-care is driving market growth, with a trend towards growing adoption of home saunas. However, high cost of equipment and maintenance poses a challenge. Key market players include Almost Heaven Group LLC, Bsaunas Inc., Cedarbrook Sauna and Steam, Divine Environments Inc., Golden design Inc., Great Bay Spa and Sauna, Harvia Plc, Health Mate Sauna, Heavenly Heat Saunas, KLAFS GmbH, Nootka Collective Inc., QCA Spas Inc., Rocky Mountain Saunas, Salus Saunas , Sauna Works Inc., Sauna360 Group Oy, Sunlighten Inc., Superior Sauna, ThermaSol Steam Bath LLC, and TyloHelo Group., Sunlighten Inc., Harvia Plc, KLAFS GmbH, TyloHelo Group, Sauna360 Group Oy, Health Mate Sauna, Rocky Mountain Saunas, Superior Sauna Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF Market Driver The home sauna market in the US is experiencing growth due to the rising trend of self-care and wellness. Home saunas offer convenience, privacy, and a personalized experience, eliminating the need to travel to a facility and saving time and money. The market offers various options, including traditional and infrared saunas, with prices ranging from USD1,000 to USD5,000 for a basic infrared model. Key vendors, like Salus Saunas , provide premium saunas constructed from fine materials for an authentic experience. The increase in high net-worth individuals prioritizing health and wellness is driving demand for home saunas, contributing to the market's growth during the forecast period. ai_trending_factor Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution! Market Challenges Sauna businesses face significant challenges due to the high initial investment and ongoing maintenance costs of sauna equipment. Traditional saunas range from USD6,000 to USD11,000+, while infrared saunas cost between USD4,400 and USD9,000 or more. These expenses limit the potential customer base to affluent individuals. Saunas require regular servicing, filter replacements, and frequent cleaning, leading to additional costs. Energy consumption is also high, contributing to substantial utility bills. These factors restrict the growth of the sauna market in the US, making it a niche industry. Entrepreneurs must carefully consider these costs before establishing a sauna business. The sauna market is experiencing significant growth due to increasing consumer focus on self-care and wellness. Key challenges include catering to diverse customer segments such as millennials, working professionals, geriatric groups, and international tourists. Self-esteem, stress reduction, and healthy skin are primary drivers for individuals seeking sauna experiences. Blood pressure management and weight reduction are additional health benefits attracting customers. Technology advancements, including virtual reality and aromatherapy, enhance the sauna experience. Amenities like body wraps, mud baths, and waxing further differentiate offerings. Business models include day spas, destination spas, medical spas, cruise ship spas, airport spas, mineral springs spas, and spa hotels. Hospitality sectors like luxury hotels and global tourism are integrating saunas to cater to the wellness trend. Consumer sentiment and spending patterns influence the market. Urbanization and lifestyle changes contribute to the increasing demand for sauna services. Wellness, hospitality, and the spa industry continue to evolve, presenting opportunities for innovation and growth. Discover how AI is revolutionizing market trends- Get your access now! Segment Overview This sauna market in US report extensively covers market segmentation by 1.1 Hotel 1.2 Gym 1.3 Household 1.4 Others 2.1 Traditional 2.2 Steam 2.3 Infrared 3.1 North America 1.1 Hotel- The sauna market has experienced consistent growth due to increasing health consciousness and demand for relaxation. Saunas provide numerous benefits such as detoxification, stress relief, and improved circulation. Businesses offer various types, including traditional Finnish and infrared saunas. Prices range from affordable to luxury models. Saunas can be installed in homes or fitness centers, making them accessible to a wide audience. Overall, the sauna market continues to thrive, providing a profitable opportunity for businesses. Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics Research Analysis Saunas have gained immense popularity in the wellness and self-care industry, offering a relaxing and rejuvenating experience for individuals seeking personal healthcare and relaxation. The sauna market caters to various segments, including tourism and hospitality, home saunas, and sauna technology. Saunas come in various styles, such as Finnish and Turkish, and heating methods, including wood burning, electrically heated, and infrared. Upcoming trends in the sauna market include the integration of technology for enhanced user experience, such as smart controls and virtual reality. Sauna sessions offer numerous benefits, including detoxification, stress relief, and improved confidence. Additionally, saunas are often used for bonding sessions and offer complementary services like massage, facials, manicures, pedicures, and body treatments. Sauna technology has advanced significantly, with companies focusing on energy efficiency and ease of use. Saunas are not just limited to professional spas and wellness centers; home saunas have become increasingly popular, allowing individuals to enjoy the benefits of sauna therapy in the comfort of their own homes. Overall, the sauna market continues to grow, offering a wide range of options for those seeking to prioritize their well-being. Market Research Overview The Sauna Market encompasses various sectors, including Wellness and Self-care, Tourism and Hospitality, and Personal Healthcare. Saunas, a key component of this market, offer numerous benefits such as detoxification, stress relief, and improved blood pressure. Saunas come in various types, including Finnish and Turkishstyle, wood burning, electrically heated, and infrared. Sauna technology continues to advance, with innovations in aromatherapy, body wraps, mud baths, and steam rooms. Spas, offering saunas as an integral part of their services, cater to diverse clientele, including millennials, working professionals, geriatric groups, and international tourists. Trends in the Sauna Market include the integration of technology, such as smart saunas, and the increasing popularity of wellness tourism. Spas are no longer just luxury destinations but are becoming essential components of the hospitality industry, with offerings ranging from day spas to destination spas, medical spas, and cruise ship spas. Saunas provide a space for bonding sessions, self-care, and relaxation, boosting confidence and self-esteem. They also offer various additional services like massage, facials, manicures, pedicures, and body treatments. With urbanization and changing lifestyles, the sauna market is poised for growth in the coming years. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation End-user Hotel Gym Household Others Product Type Traditional Steam Infrared Electric Sauna Outdoor Sauna Geography North America 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ SOURCE TechnavioThe Thing Remastered shadow drops on PC and console with a new trailer showing how far the cult classic survival horror shooter has come in 22 years