Knicks vs. Pelicans Injury Report Today – December 1Mwalola wa Mwalola, a longtime fisherman in the Indian Ocean on the Kenyan coast, vividly remembers the events of the deadly tsunami of 20 years ago. Mwalola said the fisherfolk's experience and knowledge of the ocean saved his life after they sensed danger and decided to keep off the ocean on the fateful day. “My place of work was hit, but I was not affected because I heeded the warning," he said. "We avoided losses because we warned our colleagues of the impending danger and asked everyone to keep off the ocean that day.” On December 26, 2004, a powerful earthquake off the coast of the Indonesian island of Sumatra generated a devastating tsunami that was observed worldwide and caused tremendous devastation and deaths throughout the Indian Ocean region, including in East Africa. Out of the 228,000 people killed, more than 300 were from the East African countries of Somalia, Tanzania and Kenya, according to the U.N. Educational, Scientific and Cultural Organization. The disaster raised awareness about the threat tsunamis pose to coastal communities around the world and the need for improved tsunami detection, forecasting, warning and preparedness. Observers say more remains to be done in the East African countries that were affected. Shamim Wasii Nyanda, an environmental activist at the Tanzania Ocean Climate Innovation Hub in Dar es Salaam, said, "There’s an increase of vulnerability due to climate change but also ... limited adaptation funding. Most of the coastal cities lack sufficient financial resources to implement these climate adaptation measures, particularly in urban, under-resourced communities. They do not have that kind of technology or resources for them to be able to work on these problems that we are experiencing," especially tsunamis. Nyanda said increasing urbanization is compounding the risk. “Coastal cities like Dar es Salaam itself have continued to expand, with informal settlements encroaching on vulnerable areas where facilities like disasterproof housing and infrastructure are not available." People then build housing in areas where they shouldn't, "so, when these disasters come, like the tsunami, they are not prepared. They do not have the technology. They do not have the infrastructure ... and what happens? They are just swept away.” As countries observe the 20th anniversary of the 2004 tsunami, experts say preparedness, prevention and mitigation measures are key in preventing such disasters in the future.
Under fire from congressional Republicans about one of the darkest moments of Joe Biden’s presidency, Secretary of State Antony Blinken defended the administration’s handling of the disastrous U.S. withdrawal from Afghanistan, saying Democrats struggled to make the best of a bad pullout deal struck by Donald Trump. Blinken testified Wednesday before the Republican-led House Foreign Affairs Committee, facing questions and angry criticism from lawmakers for the final time in office. The top U.S. diplomat was expected to leave for the Middle East in the afternoon, but the back-and-forth with members, specifically Republicans who admonished the chaotic withdrawal as his defining legacy, delayed his departure. RELATED STORY | House GOP report blames Biden-Harris for chaotic US withdrawal from Afghanistan Blinken said much of the blame for the sudden collapse of Afghanistan's U.S.-allied government and the chaotic August 2021 evacuation of Americans that followed rested with a withdrawal deal President Trump had reached with the Taliban in 2020 before leaving office. “To the extent President Biden faced a choice, it was between ending the war or escalating it,” Blinken told lawmakers. “Had he not followed through on his predecessor’s commitment, attacks on our forces and allies would have resumed and the Taliban’s assault on the country’s major cities would have commenced.” But McCaul and other Republican lawmakers portrayed Blinken and the Biden administration as ill-prepared and disengaged as the disaster grew, and intent on minimizing mounting evidence that the Taliban would complete a takeover of the country before the last U.S. troops departed. “This catastrophic event was the beginning of a failed foreign policy that lit the world on fire,” McCaul, a Texas Republican, said. He urged Blinken to take “accountability for the disastrous withdrawal.” It was clear “it was going to be a disaster,” said Florida Republican Rep. Brian Mast, who will take over as chairman of the committee in the next Congress. RELATED STORY | Where asylum seekers stand, 2 years after the war in Afghanistan The hearing came at the end of Blinken's diplomatic service under Biden, with six weeks left before Trump takes office, and at the end of McCaul's time leading the Foreign Affairs committee. It served as a capstone to nearly four years of animosity between the two over the end of America's longest war. “For my part, I’ve been determined to learn the lessons from this experience, not only to learn them, but to act on them,” Blinken said. He added, “We’ve made the State Department stronger and better able to respond to crises than it was when we found it, or it was during the Afghan evacuation.” There was little new ground broken on the U.S. withdrawal, after years of blame-trading between Republicans and Democrats. Blinken pointed Wednesday to the planned 2026 release of a government-appointed Afghanistan war commission's review as the best prospect of an independent full report on the disastrous events of the summer of 2021. The 20-year U.S. military occupation of Afghanistan succeeded in routing the al-Qaida militants responsible for the Sept. 11, 2001, attacks on the United States, whom Afghanistan's fundamentalist Taliban militants had allowed a home. But as the U.S. began its pullout, as set by Trump's deal and carried out by Biden, Taliban fighters routed the U.S.-allied government and military, capturing control of the country within months. An extremist group's bombing at the Kabul airport killed 13 U.S. service members and nearly 200 Afghans as Americans, Afghan allies and others thronged the airport in hopes of seats on the last U.S. military-run flights out. Blinken testified Wednesday that all of the “hundreds” of Americans and dual citizens stranded by the sudden scramble from Afghanistan have now been able to leave, if they have chosen. RELATED STORY | Biden review of chaotic Afghan withdrawal blames Trump He opened his appearance before the committee by turning to families of U.S. forces killed in the withdrawal and expressing condolences. Protesters repeatedly interrupted his comments, crying out “scum” and “genocide,” before security cleared the room of them. Blinken denied Republican charges that he and others ignored warnings from lower-ranking administration officials that the U.S. withdrawal would go badly wrong, and that the U.S. had to move faster on getting out Americans and the Afghans who had worked for and allied with them. “We anticipated that Kabul would remain in the hands of the Afghan government” through the end of the year, Blinken said. “This unfolded more quickly than we anticipated including in the intelligence community.” “Waiting until the last minute is not executing a plan,” McCaul said. Blinken's testimony came months after House Republicans issued a scathing report on their investigation into the withdrawal, blaming the disastrous end on Biden’s administration. They played down Trump's role in the failures even though he had signed the withdrawal deal with the Taliban. Previous investigations and analyses by a government-appointed special investigator for Afghanistan and some private policy groups have pointed to a systemic failure spanning the last four presidential administrations and concluded that Biden and Trump share the heaviest blame.
Advisors Asset Management Inc. lowered its stake in shares of Shoals Technologies Group, Inc. ( NASDAQ:SHLS – Free Report ) by 32.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,596 shares of the company’s stock after selling 7,926 shares during the quarter. Advisors Asset Management Inc.’s holdings in Shoals Technologies Group were worth $93,000 at the end of the most recent reporting period. Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Shoals Technologies Group by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 16,531,712 shares of the company’s stock worth $184,825,000 after purchasing an additional 171,273 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Shoals Technologies Group by 1.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 184,913 shares of the company’s stock valued at $2,068,000 after acquiring an additional 1,857 shares during the period. Tidal Investments LLC acquired a new position in Shoals Technologies Group in the 1st quarter valued at approximately $446,000. Comerica Bank lifted its position in shares of Shoals Technologies Group by 2,823.0% in the 1st quarter. Comerica Bank now owns 89,209 shares of the company’s stock worth $997,000 after acquiring an additional 86,157 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its holdings in shares of Shoals Technologies Group by 159.3% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 28,003 shares of the company’s stock worth $313,000 after purchasing an additional 17,203 shares in the last quarter. Analyst Ratings Changes A number of research analysts recently commented on the company. UBS Group cut their target price on Shoals Technologies Group from $12.00 to $9.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Truist Financial reduced their price objective on shares of Shoals Technologies Group from $10.00 to $8.00 and set a “buy” rating for the company in a report on Friday, September 6th. Jefferies Financial Group began coverage on shares of Shoals Technologies Group in a research note on Wednesday, September 4th. They issued a “hold” rating and a $5.00 target price on the stock. Roth Mkm cut their price target on shares of Shoals Technologies Group from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Friday, September 6th. Finally, Wells Fargo & Company started coverage on Shoals Technologies Group in a report on Monday, October 14th. They set an “equal weight” rating and a $46.00 price objective on the stock. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Shoals Technologies Group has an average rating of “Hold” and a consensus price target of $11.31. Insider Transactions at Shoals Technologies Group In other news, CEO Brandon Moss acquired 22,300 shares of Shoals Technologies Group stock in a transaction that occurred on Thursday, November 21st. The shares were acquired at an average price of $4.55 per share, with a total value of $101,465.00. Following the purchase, the chief executive officer now directly owns 593,700 shares of the company’s stock, valued at $2,701,335. The trade was a 3.90 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website . Corporate insiders own 1.67% of the company’s stock. Shoals Technologies Group Price Performance Shoals Technologies Group stock opened at $5.22 on Friday. The stock has a market cap of $870.17 million, a price-to-earnings ratio of 26.10, a P/E/G ratio of 0.76 and a beta of 1.73. The company has a quick ratio of 1.36, a current ratio of 2.08 and a debt-to-equity ratio of 0.26. Shoals Technologies Group, Inc. has a 12-month low of $4.07 and a 12-month high of $17.50. The business’s 50-day simple moving average is $5.25 and its 200 day simple moving average is $5.97. Shoals Technologies Group ( NASDAQ:SHLS – Get Free Report ) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). Shoals Technologies Group had a return on equity of 9.83% and a net margin of 7.78%. The company had revenue of $102.20 million during the quarter, compared to the consensus estimate of $98.86 million. During the same quarter in the prior year, the business earned $0.16 earnings per share. The firm’s revenue for the quarter was down 23.8% on a year-over-year basis. As a group, research analysts anticipate that Shoals Technologies Group, Inc. will post 0.29 earnings per share for the current year. About Shoals Technologies Group ( Free Report ) Shoals Technologies Group, Inc provides electrical balance of system (EBOS) solutions and components for solar, battery energy, and electric vehicle (EV) charging applications in the United States and internationally. The company designs, manufactures, and sells system solutions for both homerun and combine-as-you-go wiring architectures, as well as offers technical support services. See Also Five stocks we like better than Shoals Technologies Group High Dividend REITs: Are They an Ideal Way to Diversify? The Latest 13F Filings Are In: See Where Big Money Is Flowing How Can Retail Investors Trade the Toronto Stock Exchange (TSX)? 3 Penny Stocks Ready to Break Out in 2025 Earnings Per Share Calculator: How to Calculate EPS FMC, Mosaic, Nutrien: Top Agricultural Stocks With Big Potential Want to see what other hedge funds are holding SHLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shoals Technologies Group, Inc. ( NASDAQ:SHLS – Free Report ). Receive News & Ratings for Shoals Technologies Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shoals Technologies Group and related companies with MarketBeat.com's FREE daily email newsletter .Intech Investment Management LLC lifted its position in Paycom Software, Inc. ( NYSE:PAYC – Free Report ) by 181.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,733 shares of the software maker’s stock after buying an additional 3,049 shares during the quarter. Intech Investment Management LLC’s holdings in Paycom Software were worth $788,000 at the end of the most recent reporting period. Several other institutional investors and hedge funds have also recently modified their holdings of PAYC. Ashton Thomas Private Wealth LLC purchased a new position in Paycom Software in the 2nd quarter valued at approximately $25,000. MFA Wealth Advisors LLC purchased a new position in Paycom Software in the second quarter valued at $26,000. Armstrong Advisory Group Inc. acquired a new position in Paycom Software during the 3rd quarter worth $26,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Paycom Software during the 2nd quarter worth about $27,000. Finally, CVA Family Office LLC raised its position in Paycom Software by 234.3% in the 2nd quarter. CVA Family Office LLC now owns 234 shares of the software maker’s stock valued at $33,000 after purchasing an additional 164 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock. Insider Buying and Selling at Paycom Software In other news, CEO Chad R. Richison sold 1,950 shares of Paycom Software stock in a transaction on Monday, September 9th. The shares were sold at an average price of $162.00, for a total value of $315,900.00. Following the transaction, the chief executive officer now directly owns 2,941,808 shares of the company’s stock, valued at $476,572,896. The trade was a 0.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link . Over the last quarter, insiders sold 54,600 shares of company stock worth $9,726,717. 14.50% of the stock is owned by insiders. Paycom Software Stock Performance Paycom Software Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, November 25th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Monday, November 25th. Paycom Software’s dividend payout ratio is currently 18.05%. Analysts Set New Price Targets PAYC has been the subject of a number of analyst reports. BMO Capital Markets boosted their price objective on Paycom Software from $183.00 to $197.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. Jefferies Financial Group increased their price objective on shares of Paycom Software from $170.00 to $175.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. Piper Sandler lifted their price objective on shares of Paycom Software from $160.00 to $191.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. TD Cowen boosted their target price on shares of Paycom Software from $171.00 to $188.00 and gave the stock a “hold” rating in a research note on Monday, September 23rd. Finally, Citigroup raised their price target on Paycom Software from $172.00 to $196.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Twelve equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $193.67. Read Our Latest Research Report on PAYC Paycom Software Profile ( Free Report ) Paycom Software, Inc provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement. Featured Articles Five stocks we like better than Paycom Software Manufacturing Stocks Investing The Latest 13F Filings Are In: See Where Big Money Is Flowing Investing in the High PE Growth Stocks 3 Penny Stocks Ready to Break Out in 2025 Best Stocks Under $10.00 FMC, Mosaic, Nutrien: Top Agricultural Stocks With Big Potential Receive News & Ratings for Paycom Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paycom Software and related companies with MarketBeat.com's FREE daily email newsletter .
By Anna Helhoski, NerdWallet The battle to get here was certainly an uphill one, but people are generally feeling better about the economy and their finances than they once did. On top of that, the economy has been easing into an ideal, Goldilocks-like position — not running too hot or cooling too quickly. Throughout 2024, consumer sentiment data showed people were fairly positive about the economy and their own finances, even if there’s remaining frustration over elevated prices compared to four years ago. Looking ahead, households are feeling more optimistic about their personal finances in the next year, as the share of those expecting to be in a better financial situation a year from now hit its highest level since February 2020. Combine positive personal vibes with a strong economic picture and it looks like 2024 wasn’t so bad for consumers, after all. But that doesn’t mean there weren’t bumps in the road or potential roadblocks ahead. To cap off the year, NerdWallet writers reflect on the top trends in personal finance and the economy this year — and what they think might be ahead in 2025. Elizabeth Renter, NerdWallet’s economist What happened: In 2024, U.S. consumers have proven resilient following a period of high inflation and ongoing high interest rates. Wage growth has been strong, owing in part to rising productivity. This has driven robust spending throughout the year, which has kept the economy growing at a healthy pace. The labor market has remained steady, though cooler than 2023, and price growth continues to moderate towards the Federal Reserve’s 2% inflation goal. What’s ahead: Barring significant changes to economic policy and significant shocks, the U.S. economy is expected to grow at a moderate rate in the coming year. Inflation will continue to moderate and the labor market will remain relatively healthy, all due in part to continued slow and deliberate rate cuts from the Fed. However, there are risks to this path. Higher tariffs and tighter immigration policies are likely, but the extent of these changes are yet unclear. The potential policy scenarios are many, and the economic outcomes complex. Increased tariffs are generally inflationary, and stricter immigration policies could impact the labor supply and economic growth. Consumers and small business owners with their eyes to the new year should focus on the things within their control. Margarette Burnette, consumer banking and savings writer What happened: High-yield savings accounts and certificates of deposit offered elevated rates in 2024, rewarding savers with strong returns. Following the Federal Reserve rate cuts in the second half of the year, high-yield accounts had modest rate decreases, but they continued to outperform traditional savings accounts and CDs. What’s ahead: We’re watching for further Federal Reserve rate cuts, which could lead to more decreases in savings rates. Sara Rathner, credit cards writer What happened: Credit card debt levels hit record highs, with consumers turning to credit cards to pay for necessities. While the economy is doing well, many individuals have struggled to make ends meet, as incomes haven’t kept up with certain costs. What’s ahead: We may see some policy and regulation changes with the incoming administration that could affect folks when it comes to credit cards, debt and consumer protections. Ryan Brady, small business writer What happened : New businesses continued to blossom in 2024 as business applications remained well above pre-pandemic levels. Confidence in the future state of the U.S. economy also spiked after the presidential election, but that optimism was tempered by concerns over rising costs and labor quality. What’s ahead: All eyes are on the incoming administration as small-business owners brace for turbulence resulting from potential tariffs, tax policy changes and dismantled government regulations. We’re also watching the possibility of interest rate cuts in 2025 and small-business owners’ growing reliance on new technologies, such as AI. Holden Lewis, mortgages writer What happened: Home buyers struggled with elevated mortgage rates, rising house prices and a shortage of homes for sale. On top of that, a new rule required buyers to negotiate their agents’ commissions. What’s ahead: The Federal Reserve is expected to cut short-term interest rates, but mortgage rates might not necessarily fall by a similar amount. Buyers will probably have more properties to choose from, and the greater supply should keep prices from rising a lot. Interest rates on home equity loans and lines of credit should fall, making it less expensive to borrow to fix up homes — either to sell, or to make the home more comfortable and efficient. Sam Taube, investing writer What happened: The stock market had a great year. The S&P 500 is up more than 25% due to falling interest rates, fading recession fears, AI hype, and the possibility of lighter taxes and regulations under the new administration. Cryptocurrency also saw big gains in 2024; the price of Bitcoin crossed the $100,000 mark for the first time in December. What’s ahead: A lot depends on how fast the Fed reduces rates in 2025. Another key unknown is Trump’s second term. Regulatory rollbacks, such as those he has proposed for the banking industry, could juice stock prices — but they also could create systemic risks in the economy. His proposed tariffs could also hurt economic growth (and therefore stock prices). Finally, it remains to be seen whether trendy AI stocks, such as NVIDIA, can continue their momentum into next year. It’s the same story with crypto: How long will this bull market last? Caitlin Constantine, assistant assigning editor, insurance What happened: Many people saw their home and auto insurance premiums skyrocket in 2024. In some states, homeowners are finding it harder to even find policies in the first place. Meanwhile, life insurance rates have started to decrease post-pandemic. We also saw more insurers offering online-only policies that don’t require a medical exam. What’s ahead: Auto and home insurance costs will likely continue to rise, although auto premiums may not rise as dramatically as they have over the past few years. And if you’re in the market for life insurance, expect to see competitive life insurance quotes and more customizable policies. Eliza Haverstock, student loans writer What happened: Borrowers received historic student loan relief, but lawsuits derailed an income-driven repayment plan used by 8 million whose payments are indefinitely paused. Uncertainty will carry into 2025 as a result of the presidential administration change. What’s ahead: Trump has pledged to overhaul higher education and rein in student loan relief. The fate of the SAVE repayment plan, student loan forgiveness options, FAFSA processing and more remain in the balance. Meghan Coyle, assistant assigning editor, travel What happened: People are willing to pay more for big and small luxuries while traveling, and airlines and hotels are taking note. Many airlines raised checked bag fees early in 2024, credit card issuers and airlines invested in renovated airport lounges, and major hotel companies continued to add luxury properties and brands to their loyalty programs. What’s ahead: Southwest will say goodbye to its open seating policy and introduce new extra-legroom seats, a major departure for the airline. Alaska Airlines and Hawaiian Airlines will unveil a unified loyalty program in 2025. Spirit Airlines may attempt to merge with another airline again after its 2024 bankruptcy filing and two failed mergers under President Biden’s administration. Travelers will find that they’ll have to pay a premium to enjoy most of the upgrades airlines and hotels are making. Laura McMullen, assistant assigning editor, personal finance What happened: This year, dynamic pricing expanded beyond concerts and travel to online retailers and even fast-food restaurants. This practice of prices changing based on real-time supply and demand received plenty of backlash from consumers and prompted the Federal Trade Commission to investigate how companies use consumers’ data to set prices. What’s ahead: Beyond an expansion of dynamic pricing — perhaps with added oversight — expect subscription models to become more prevalent and demand for sustainable products to grow. Shannon Bradley, autos writer What happened: New-car prices held steady in 2024 but remained high after a few years of sharp increases — the average new car now sells for about $48,000, and for the first time ever the price gap between new and used cars surpassed $20,000 (average used-car prices are now slightly more than $25,000). Overall, the car market returned to being in the buyer’s favor, as new-car inventories reached pre-pandemic levels, manufacturer incentives began making a comeback and auto loan interest rates started to decline. What’s ahead: The future of the car market is uncertain and depends on policies implemented by the incoming administration. Questions surround the impact of possible tariffs on car prices, whether auto loan rates will continue to drop, and if federal tax credits will still be available for electric vehicle buyers. Jackie Veling, personal loans writer What happened: Buy now, pay later continued to be a popular payment choice for U.S. shoppers, even while facing headwinds, like an interpretive ruling from the CFPB (which determined BNPL should be regulated the same as credit cards) and Apple’s discontinuation of its popular Apple Pay Later product. Large players like Affirm, Klarna and Afterpay continued to offer interest-free, pay-in-four plans at most major retailers, along with long-term plans for larger purchases. What’s ahead: Though more regulation had been widely anticipated in 2025, the change in administration suggests the CFPB will play a less active role in regulating BNPL products. For this reason, and its continued strength in the market, BNPL will likely keep growing. Taryn Phaneuf, news writer What happened: Easing inflation was a bright spot in 2024. In June, the consumer price index fell below 3% for the first time in three years. Consumers saw prices level off or decline for many goods, including for groceries, gas and new and used vehicles. But prices haven’t fallen far enough or broadly enough to relieve the pinch many households feel. What’s ahead: The new and higher tariffs proposed by the Trump administration could reignite inflation on a wide range of goods. Taryn Phaneuf, news writer What happened: Rent prices remain high, but annual rent inflation slowed significantly compared to recent years, staying around 3.5% for much of 2024, according to Zillow, a real estate website that tracks rents. A wave of newly constructed rental units on the market seems to be helping ease competition among renters and forcing landlords to offer better incentives for signing a lease. What’s ahead: If it continues, a softening rental market could work in renters’ favor. But construction is one of several industries that could see a shortage of workers if the Trump administration follows through on its promise to deport undocumented immigrants. A shortage of workers would mean fewer houses and apartments could be built. Anna Helhoski, news writer What happened: After a contentious presidential campaign, former President Donald Trump declared victory over Vice President Kamala Harris. While on the campaign trail, Trump promised to lower inflation, cut taxes, enact tariffs, weaken the power of the Federal Reserve, deport undocumented immigrants and more. Many economists have said Trump’s proposals, if enacted, would likely be inflationary. In Congress, Republicans earned enough seats to control both houses. What’s ahead: It’s unclear which campaign promises Trump will fulfill on his own and with the support of the new Congress. He has promised a slew of “day one” actions that could lead to higher prices, including across-the-board tariffs and mass deportations. Most recently, Trump pledged to enact 20% tariffs on Canada and Mexico, as well as an additional 10% tariff on China. He has also promised to extend or make permanent the 2017 Tax Cuts and Jobs Act; many of its provisions expire by the end of 2025. Anna Helhoski, news writer What happened: Fiscal year 2023-2024’s funding saga finally came to an end in March, then six months later, the battle to fund the fiscal year 2024-2025 began. The Biden Administration waged its own war against junk fees . Antitrust enforcers pushed back against tech giants like Amazon, Apple, Google, and Meta; prevented the Kroger-Albertsons merger; nixed the Jet Blue-Spirit Airlines merger; and moved to ban noncompete agreements. The Supreme Court rejected a challenge to the constitutionality of the Consumer Financial Protection Bureau, as well as a challenge to abortion pill access. SCOTUS also overruled its landmark Chevron case, which means every federal regulatory agency’s power to set and enforce its own rules are now weaker. What’s ahead: The election’s red sweep means the GOP will control the executive and legislative branches of government. They’ll face the threat of at least one more potential government shutdown; a debt ceiling drama comeback; and the beginning of the debate over extending or making permanent provisions of the expiring 2017 Tax Cuts and Jobs Act. More From NerdWallet Anna Helhoski writes for NerdWallet. Email: anna@nerdwallet.com. Twitter: @AnnaHelhoski. The article What Trended in Personal Finance in 2024? originally appeared on NerdWallet .
You’re not the only one who might be embarrassed of your Spotify Wrapped results. This U.S. representative admitted to faking his. U.S. Rep Josh Gottheimer (D., N.J.) joined the tried and true tradition of sharing his Spotify Wrapped results — the music streaming platform’s annual deep dive into users’ listening habits — on social media last week. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Get the latest news, sports, weather and more delivered right to your inbox.
REDMOND, Ore., Dec. 20, 2024 (GLOBE NEWSWIRE) -- Expion360 Inc. (Nasdaq: XPON) (“Expion360” or the “Company”), an industry leader in lithium-ion battery power storage solutions, announced today the resignation of Greg Aydelott, Chief Financial Officer of the Company, effective December 31, 2024, due to family health concerns. Mr. Aydelott intends to remain available to the Company on an ongoing basis as a consultant to ensure a smooth transition. The Company’s Board of Directors has appointed the Company’s Chief Executive Officer, Brian Schaffner, as interim Chief Financial Officer, and Principal Financial and Accounting Officer, effective December 31, 2024, and is conducting a search process to identify a new CFO. Mr. Schaffner previously served as the CFO of Expion360 from March 2021 through January 2023. “On behalf of our Board of Directors, leadership team and employees, I would like to thank Greg for his outstanding service and commitment over the past three years," said Mr. Schaffner. "He has made significant contributions to Expion360’s success, including managing our growth, strengthening our balance sheet, enhancing our planning and budgeting process, and overseeing investments in new technologies and batteries.” “This has been an incredible journey with talented people, and it has been a privilege to help lead this passionate team,” said Mr. Aydelott. “I look forward to following the success of Expion360 for years to come.” About Expion360 Expion360 is an industry leader in premium lithium iron phosphate (LiFePO4) batteries and accessories for recreational vehicles and marine applications, with residential and industrial applications under development. On December 19, 2023, the Company announced its entrance into the home energy storage market with the introduction of two premium LiFePO4 battery storage systems that enable residential and small business customers to create their own stable micro-energy grid and lessen the impact of increasing power fluctuations and outages. The Company’s lithium-ion batteries feature half the weight of standard lead-acid batteries while delivering three times the power and ten times the number of charging cycles. Expion360 batteries also feature better construction and reliability compared to other lithium-ion batteries on the market due to their superior design and quality materials. Specially reinforced, fiberglass-infused, premium ABS and solid mechanical connections help provide top performance and safety. With Expion360 batteries, adventurers can enjoy the most beautiful and remote places on Earth even longer. The Company is headquartered in Redmond, Oregon. Expion360 lithium-ion batteries are available today through more than 300 dealers, wholesalers, private-label customers, and OEMs across the country. To learn more about the Company, visit expion360.com . Forward-Looking Statements and Safe Harbor Notice This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements are subject to considerable risks and uncertainties. The Company intends such forward-looking statements to be covered by the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this press release, including statements about our beliefs and expectations, are "forward-looking statements" and should be evaluated as such. Examples of such forward-looking statements include statements that use forward-looking words such as "projected," "expect," "possibility,” “believe,” “aim,” “goal,” “plan,” and "anticipate," or similar expressions. Forward-looking statements included in this press release include, but are not limited to, statements relating to the expected timing and impact of the executive transition, including Mr. Aydelott’s continuing role as a consultant to the Company, and the Company’s ability to build on its momentum and achieve its financial and strategic objectives. Forward-looking statements are subject to and involve risks, uncertainties, and assumptions that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements predicted, assumed or implied by such forward-looking statements. Company Contact: Brian Schaffner, CEO 541-797-6714 Email Contact External Investor Relations: Chris Tyson, Executive Vice President MZ Group - MZ North America 949-491-8235 XPON@mzgroup.us www.mzgroup.usIt’s not hard to understand the value tight end Josh Oliver brings to the Vikings. ADVERTISEMENT Just listen to the way people talk about him. “He’s an animal,” tight end T.J. Hockenson said. “Once he gets his hands on somebody, it’s kind of like, ‘Good luck.'” It was similar sentiment from offensive coordinator Wes Phillips. “He’s the best blocking tight end in the league, and that’s no disrespect to anybody else,” Phillips said. “We will take Josh over anybody in this league in the role that he’s in. It’s not only that he’s physically imposing as a 270-pound man. It’s the attitude that he plays with out there.” ADVERTISEMENT What are the Vikings losing now that Oliver has been ruled out with an ankle injury? His absence will be felt most when the Vikings try to run the ball against the Chicago Bears on Sunday afternoon at Soldier Field. Though he has proved he can contribute in the passing game, Oliver has been a force in the running game since signing with the Vikings. There have been multiple times this season that Oliver had singlehandedly carved out space for running back Aaron Jones to go to work. That’s partially why Hockenson has played only about 50% of the offensive snaps since returning from a torn anterior cruciate ligament a few weeks ago. Even if the Vikings are often telegraphing a run when Oliver is on the field, they don’t care because they feel that strongly about his ability as a blocker. “You see it every single week,” Phillips said. “He’s moving large men and putting them on the ground.” ADVERTISEMENT It’s safe to assume Oliver would suit up for the Vikings if he were able to do so. He’s been playing through a wrist injury for the past few weeks, for example, and has still been extremely effective at the point of attack. How tough is it to replace Oliver in a vacuum? “It’s a big challenge because of all the things he does on a snap in and snap out basis,” head coach Kevin O’Connell said. “We will see some guys make some impacts on some different downs and distances than we have maybe seen up to this point.” ADVERTISEMENT The only other players on the injury report for the Vikings are tight end Nick Muse (hand) and edge rusher Gabe Murphy (knee). Both players were officially listed as questionable and being full participants in the walkthrough on Friday afternoon at TCO Performance Center. ______________________________________________________ This story was written by one of our partner news agencies. Forum Communications Company uses content from agencies such as Reuters, Kaiser Health News, Tribune News Service and others to provide a wider range of news to our readers. Learn more about the news services FCC uses here .Arsenal find answer to left-back conundrum in brilliant Lewis-Skelly as Saka reveals four-word pep talk before Monaco
Urban Meyer’s Reaction to Ohio State-Michigan Brawl is Turning Heads
Calgary Flames (12-8-4, in the Pacific Division) vs. Pittsburgh Penguins (9-12-4, in the Metropolitan Division) Pittsburgh; Saturday, 7 p.m. EST BETMGM SPORTSBOOK LINE: Penguins -122, Flames +101; over/under is 6 BOTTOM LINE: The Calgary Flames enter the matchup against the Pittsburgh Penguins after losing three in a row. Pittsburgh is 9-12-4 overall and 5-6-2 at home. The Penguins have conceded 96 goals while scoring 65 for a -31 scoring differential. Calgary is 12-8-4 overall and 3-5-4 in road games. The Flames have a 4-7-1 record in games they serve more penalty minutes than their opponents. The matchup Saturday is the second time these teams meet this season. The Flames won 4-3 in a shootout in the previous meeting. TOP PERFORMERS: Sidney Crosby has eight goals and 16 assists for the Penguins. Bryan Rust has four goals and three assists over the last 10 games. Story continues below video Rasmus Andersson has five goals and nine assists for the Flames. Mikael Backlund has scored three goals and added one assist over the last 10 games. LAST 10 GAMES: Penguins: 4-4-2, averaging 2.3 goals, four assists, 3.4 penalties and 7.1 penalty minutes while giving up 3.7 goals per game. Flames: 5-3-2, averaging 2.1 goals, 3.4 assists, 3.9 penalties and 9.5 penalty minutes while giving up 2.2 goals per game. INJURIES: Penguins: None listed. Flames: None listed. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .The High Plains and Clearview library districts and the Loveland Public Library offer a variety of programs and activities for all ages. Here are some activities taking place at the respective locations through Dec. 6. To see a full list of events, go to mylibrary.us , clearviewlibrary.org and lovelandpubliclibrary.org . High Plains Library District Cards and Cocoa will take place from 2-4 p.m. Sunday at LINC. Walk Indoors will take place from 11-11:30 a.m. Monday at Carbon Valley Regional Library. Crafty Teens will take place from 5-6 p.m. Monday at LINC. Knit & Crochet will take place from 1-2 p.m. Tuesday at Farr Regional Library. Adult Book Club will meet from 5:30-6:30 p.m. Tuesday at Fort Lupton Public Library. Holiday Card Making will take place from 6-8 p.m. Tuesday at Carbon Valley Regional Library. Art Club will meet from 3:30-4:30 p.m. Wednesday at Kersey Library. DIY Gifts will take place from 4-5:15 p.m. Wednesday at Erie Community Library. Sketch Club will meet from 4-5 p.m. Wednesday at Carbon Valley Regional Library. Kids Craft will take place from 11 a.m.-noon Thursday at Eaton Public Library. Roaming Readers Walking Club will meet from 1-2 p.m. Thursday at Riverside Library. Paws to Read will take place from 6:30-7:30 p.m. Thursday at LINC. Afternoon Storytime will take place from 1-2 p.m. Friday at Grover Library. Beyond the Classroom will take place from 3-4 p.m. Friday at Centennial Park Library. Enchanted Masquerade will take place from 6-8 p.m. Friday at LINC. Clearview Library District Read, Rhyme, and Romp will take place from 10-10:30 a.m. Monday at Severance Library. Creation Station will take place from 3:15-4:15 p.m. Monday at Severance Library. The Bookmobile will stop from 3:30-4 p.m. Monday at Northern Lights Park, 550 Saratoga Way, Windsor. Homeschool Social Hour will take place from 1-2 p.m. Tuesday at Windsor Library. Lego Explorers will take place from 3:15-4:15 p.m. Tuesday at Severance Library. Lunch and Learn will take place from noon-1:30 p.m. Wednesday at Windsor Library. Family Bingo will take place from 4:30-5:30 p.m. Wednesday at Windsor Library. Paws for Reading will take place from 10-11 a.m. Friday at Windsor Library. Good Tidings and Sweet Bites will take place from 5-7 p.m. Friday at Windsor Library. Teen Video Gaming will take place from 5-7 p.m. Friday at Windsor Library. Loveland Public Library Dungeons and Dragons open play will take place from 4:30-5:45 p.m. Monday at Loveland Public Library. Windows Basics class will take place from 4-5:30 p.m. Tuesday at the library. Teen Advisory Board will meet from 4:45-5:30 p.m. Tuesday at the library. Wildlife Window with Kevin Cook will take place from 10:15-11:15 a.m. Wednesday at the library. Brickmasters will take place from 4-5 p.m. Wednesday at the library. Family Storytime will take place from 10:15-10:45 a.m. Thursday at the library. Digital Scrapbooking Tools will take place from 4-5:30 p.m. Thursday at the library. Teen Video Game Tournament will take place from 4:30-5:30 p.m. Thursday at the library.
THIS WEEK’S DOSE 118th Congress Continues to Grapple with Contentious CR. With the collapse of Republican support for the negotiated continuing resolution (CR) package, as of the time of publication on Friday at 3:00 PM EST, Congress is still grappling with how to extend government funding into the new year. At a minimum, we think any final deal will at least provide a short-term extension to a number of expiring health programs. House Health Committees Select New Republican Members. Republicans identified new committee members, while House Democrats have yet to name new members for the 119th Congress. House Energy & Commerce Committee Announces New Health Subcommittee Chair. Incoming Chairman Brett Guthrie (R-KY) announced today that Rep. Buddy Carter (R-GA) will be the Health Subcommittee Chair. CBO Details Options to Reduce Federal Deficit. A Congressional Budget Office (CBO) report highlights options for Congress to consider to reduce mandatory and discretionary spending. House Bipartisan Task Force on AI Releases Report. The report recommends that the healthcare industry maintain robust support for healthcare research related to artificial intelligence (AI) and encourages the development of standards for AI liability. ASTP/ONC Releases HTI-3 Final Rule. The rule is the second of three expected final rules following the release of a proposed rule from the Assistant Secretary for Technology Policy/Office of the National Coordinator (ASTP/ONC) this summer. CMS Actuary Office Data Shows Increased Healthcare, Hospital Spending. Healthcare spending in 2023 reached $4.9 trillion, a third of which was hospital spending, representing a sharp increase compared to 2022. CONGRESS 118th Congress Continues to Grapple with Contentious CR. Addressing their final agenda item, lawmakers need to at a minimum enact a short-term CR that extends government funding beyond the current CR’s December 20 expiration date. Earlier this week, House Republican leaders brought forth a bipartisan agreement negotiated on both sides of the Capitol to extend government funding through March 14, 2025, and include significant other policies, including disaster relief funding, a Farm Bill extension, and a sizeable package of bipartisan healthcare policies. That package included pharmacy benefit manager reforms, patent reforms, a limited Medicare site neutral policy, Medicaid home- and community-based services policies, a 2.5% offset to the scheduled Medicare physician fee schedule reduction, and a two-year extension of Medicare telehealth flexibilities. However, amid growing concern from House Republicans, President-elect Donald Trump voiced his opposition Wednesday night and pushed for the debt limit to be raised, putting the package in immediate jeopardy. House Republicans in response developed a slimmed down CR on Thursday to raise the debt limit and fund the government into March 2025, with the inclusion of three months of funding for expiring healthcare programs. A vote on that package failed on the House floor with 38 Republicans joining most Democrats in opposition. As of the time of this publication, on Friday at 3:00 PM EST, House Republicans are working to coalesce around next steps to avoid a government shutdown and appear poised to vote on a CR similar to the one that failed on Thursday, without the provision to raise the debt limit. While we think the CR will include short-term extensions of expiring health provisions, it is not yet clear at this time. Beyond the CR, activity on the House floor this week included passage of numerous public health bills , such as legislation on home care for veterans and funding for autism research. Some of the bills previously passed the Senate and could be signed by President Biden, while others were not voted on in the Senate and will need to be reconsidered next Congress. The House also moved Senate bill S. 4610 , which will now go to the president. This bill proposes to do something we all thought had been done centuries ago: naming the bald eagle the official national bird. House Health Committees Select New Republican Members. The Republican Steering Committee added four new members to the Ways & Means Committee for the 119th Congress: Reps. Rudy Yakym (IN-2), Max Miller (OH-7), Aaron Bean (FL-4), and Nathaniel Moran (TX-1). Ten Republicans have been added to the Energy & Commerce Committee, including three freshmen: Craig Goldman (TX-12), Julie Fedorchak (ND-AL), and Gabe Evans (CO-8). The seven other Republicans joining the committee are Michael Rulli (OH-6), Erin Houchin (IN-9), Russell Fry (SC-7), Laurel Lee (FL-15), Tom Kean (NJ-7), Nick Langworthy (NY-23), and Cliff Bentz (OR-2). Democrats still need to select their new members on the Energy & Commerce and Ways & Means Committees. Across the Capitol, both Republicans and Democrats need to select new members for Senate committees. With a switch in control in the Senate, Republicans will add new members to both the Finance Committee and the Health, Education, Labor, and Pensions Committee. Democrats also have Finance Committee seats to fill after previous members lost reelection or retired. House Energy & Commerce Committee Announces New Health Subcommittee Chair. Incoming Chairman Brett Guthrie (R-KY) announced today that Rep. Buddy Carter (R-GA) will be the Health Subcommittee Chair. Carter has been a supporter of extending Medicare telehealth flexibilities and reforming pharmacy benefit managers. CBO Details Options to Reduce the Federal Deficit. The report comes as Republicans, who will control both Congress and the White House next year, look for ways to reduce federal spending and seek policies that could offset their planned extension of Trump 1.0 tax cuts and other objectives. Healthcare options include reducing federal Medicaid matching rates, reducing Medicare Advantage benchmarks, creating federal spending caps for Medicaid, and implementing Medicare site neutral policies. CBO releases this report regularly; just because an option is included does not mean it is politically tenable or will be pursued, but scoring policies does provide a menu to Members of Congress if they are seeking to find savers. CBO also released a primer explaining how it incorporates administrative and judicial actions when publishing projections of the federal budget and preparing cost estimates. House Bipartisan Task Force on AI Releases Report. The task force adopted several high-level principles to frame its policy analysis, and the report includes both overarching and industry-specific findings and recommendations. The task force found that the use of AI in healthcare can reduce administrative burdens and speed up drug development and clinical diagnosis. It also found that the lack of ubiquitous, uniform standards for medical data and algorithms impedes system interoperability and data sharing. Healthcare recommendations include maintaining robust support for healthcare research related to AI and supporting the development of standards for liability related to AI issues. ADMINISTRATION ASTP/ONC Releases HTI-3 Final Rule. In the Health Data, Technology, and Interoperability (HTI-3) rule , ASTP/ONC finalized: The addition of a definition of “reproductive health care” to the information blocking regulation defined terms. Select proposed revisions for two existing information blocking exceptions (the privacy exception and the infeasibility exception). A new information blocking exception (the protecting care access exception). ASTP/ONC has divided finalization of the policies that were included in the broad HTI-2 proposed rule , released in July 2024, into three installments: The HTI-2 final rule released on December 11 focused on the Trusted Exchange Framework and Common Agreement. The December 16 HTI-3 final rule focused on protecting care access. The forthcoming HTI-4 final rule will likely address certification updates and other elements of the HTI-2 proposed rule and is expected to be published in March 2025. CMS Actuary Office Data Shows Increased Healthcare, Hospital Spending. The Centers for Medicare & Medicaid Services (CMS) data show that healthcare spending reached $4.9 trillion in 2023, an increase of 7.5% from 2022. This represents the highest percentage change since 2020. The high spending can mostly be attributed to an increase in insurance coverage and high hospital and prescription drug usage in the private insurance market and in Medicare. Hospital spending alone reached $1.5 trillion in 2023, an increase of 10.4%, which is the largest spending increase since 1990. Despite this increased spending, healthcare expenditures remained 17% of the economy overall, the same percentage as in 2022. While the federal share of healthcare spending decreased, an overall increase in healthcare spending could raise alarm bells on Capitol Hill among conservatives who are concerned about high healthcare expenditures. QUICK HITS Biden Administration Releases Fall 2024 Unified Agenda. The agenda lays out what rulemaking is planned for the remainder of 2024 and into 2025. Given that President-elect Trump will be inaugurated in one month, don’t get too attached to this list. Many of these regulations could be set aside or rewritten, and other regulations will be initiated. CMS Calls for Proposals for 2025 Health Equity Conference. Proposals are due to CMS by January 17, 2025, and must focus on the theme “Building a Healthier America.” The Health Equity Conference will be held April 23 – 24, 2025, although it should be noted that this event could be altered or cancelled once the new Administration takes office. More information can be found here . CMS Publishes Lessons from AHCAH. The Acute Hospital Care at Home (AHCAH) initiative allows acute care hospitals to deliver inpatient care in a patient’s home. A CMS blog post highlights data from a September 2024 report on the initiative and how it improves care. MACPAC Releases 2024 Medicaid, CHIP Data Book. MACStats , released by the Medicaid and CHIP Payment and Access Commission (MACPAC), includes data on Medicaid and CHIP enrollment, spending, and eligibility. Four State Medicaid Programs Will Participate in IBH Model. The Innovation in Behavioral Health (IBH) model will begin on January 1, 2025, and Michigan, New York, Oklahoma, and South Carolina will participate. The model involves collaboration between CMS, participating state programs, and community-based behavioral health providers to improve behavioral and physical health. CMS Holds Webinar on IOTA Model. The webinar provided an overview of the mandatory Increasing Organ Transplant Access (IOTA) model . The model is scheduled to begin in July 2025 but could be modified or repealed by the incoming Trump Administration. CMS Approves California Behavioral Health Section 1115 Waiver. The new waiver , which runs from January 2025 through December 2029, gives California authority to test the effectiveness of innovative practices aimed at strengthening the continuum of community-based behavioral health services. Goals of the waiver include strengthening the workforce, supporting the health of children and youth involved in the child welfare system, and reducing stays in institutional settings for significant behavioral health needs. OIG Finds Expenditures for Diabetes and Weight Loss Drugs Rapidly Increased. From 2019 to 2023, Medicaid spending on certain diabetes and weight loss drugs, including glucagon-like peptide 1 receptor agonists, increased by more than 540% to total $9 billion, according to an Office of Inspector General (OIG) report . The report follows CMS’s proposal to require Medicare and Medicaid coverage of weight loss drugs for the treatment of obesity. Senate Finance Democrats Release Emergency Reproductive Care Report. The partisan report concludes an investigation into how pregnant women are receiving emergency reproductive care at hospitals in the wake of the Dobbs decision. It assesses how they believe abortion bans conflict with the Emergency Medical Treatment and Active Labor Act. Marketplace Sees Record High Enrollment. Over 16.6 million consumers enrolled in marketplace coverage in this year’s open enrollment through HealthCare.gov, and their coverage will begin January 1. Consumers can continue to enroll through January 15 for coverage that begins February 1. NEXT WEEK’S DIAGNOSIS Once Congress resolves the CR situation, the 118th Congress will draw to a close. The 119th Congress will begin on January 3, 2025, when members will be sworn in. You can find the combined House/Senate 2025 congressional calendar here . We will next publish on January 10, 2025. We hope you have a happy holiday and a great start to the new year.Beyoncé trolls Netflix over streaming concerns
If U.S. GDP growth slows and inflation rises, a market correction might happen, said Brian Arcese, portfolio manager of the Singapore-based Foord Asset Management. Markets have been "expensive for quite a while," he added. Stocks are expected to grow 11% in 2025 but if those expectations are not met that could be another "catalyst for correction," Arcese said. 24/7 San Diego news stream: Watch NBC 7 free wherever you are In an environment of high valuations, one of two "catalysts" could cause a market correction. That's according to Brian Arcese, portfolio manager of the Singapore-based Foord Asset Management, who said markets have been "expensive for quite a while" — the S&P 500 is up about 23% in the year to date. It has a price-to-earnings ratio above 27, and some have described it as expensive by almost every measure. "We do think that a correction would be healthy, but you will need some type of catalyst for that correction to take place. I think it could be one of two things," he told CNBC's "Squawk Box Asia" this week. "We are seeing economic growth in the U.S. slow. [It is] still quite healthy, but it is slow, right? That can be a catalyst," he said. U.S. GDP grew less than expected in the third quarter, according to data published Oct. 30. "If that continues to slow a bit more, if we were to see inflation tick up again, that could be a catalyst," Arcese said. U.S. inflation rose to 2.6% in October, in line with expectations , per figures published Nov. 13. Money Report Indonesia wants Apple to sweeten its $100 million proposal as tech giant lobbies for iPhone 16 sales What makes a good leader? Being able to listen, say young people Slower earnings growth could also cause a correction, Arcese said, in an environment of high expectations. "If we look at corporate earnings expectations for next year — even if you exclude IT and communication services where growth is exceptionally high — excluding those earnings, growth is expected to be 10 to 12% which is relatively high compared to history," he said. Goldman Sachs 's equity outlook predicted that earnings will grow 11% in 2025 per a note last week . "If you have high expectations coupled with high valuations, then if you do see that earnings growth start to slow, or expectations start to roll off, that could be a catalyst for correction," Arcese said. Factors including U.S. GDP growth and earnings growth as well as falling inflation and interest rates make for a relatively rare combination, Arcese said. "Those factors together actually don't happen that often, right, all at the same time?" he said. "That is quite constructive for equities, which is obviously what we're seeing, and the reason that they continue to kind of make higher highs. We do think that a correction would be healthy," Arcese said. One sector where growth is not priced in is utilities, according to Arcese. "They're more expensive relative to where they were before, but ... they're still less expensive than the market," he said, naming SSE and Edison as stocks Foord Asset Management owns. The increase in data centers and growth of artificial intelligence requires more electricity, meaning growth is "coming back," Arcese said. "At the same time, regulated utilities need to invest a significant amount of capital into the grid for transmission and distribution, all of which they earn a return on," he said. Also on CNBC Portfolio manager: See opportunities in U.S. utilities after election The Disruptor and The Dealmaker Active AlphaAlarm in France over fate of detained French-Algerian writerWarren Buffett's Stock Market Advice: Ignore Neighbor's Whispers On Stock Tips, Focus On Long-Term Value