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A train is due to arrive at the nation's busiest railway station five years late. or signup to continue reading After years of delays and disputes, the first service using a new fleet of intercity trains is due to pull in to Sydney's Central station shortly before 11am. The train left Newcastle at 8.21am on Tuesday - about five years after the first sets were originally due to enter service in NSW. The Korean-built trains were too wide to fit through some tunnels, too long for some platforms and faced opposition from the Rail, Tram and Bus Union due to plans for drivers to monitor platforms using CCTV, reducing staffing requirements. An agreement was eventually reached with the union after a long dispute with the former coalition government and modifications were made locally beginning in August 2023. Transport Minister Jo Haylen said it should not have taken so long for the trains to enter service, but they were finally taking passengers along the Newcastle and Central Coast lines. Passengers along the Blue Mountains, Illawarra and South Coast lines will have to wait a while longer, but Ms Haylen said it would be worth it. "These state-of-the-art trains will make travel between Sydney and our regional cities safer and more comfortable," she said. The trains are due to replace rolling stock that entered service almost five decades earlier. Early renders of the trains featured "NSW TrainLink" branding, which is being abolished as its operations merge with Sydney Trains. Sydney Trains chief executive Matt Longland said getting the trains on the tracks was an incredibly complex project. "But we are pleased we have been able to work with the unions to locally modify these trains and get them into service," he said. "The Mariyung trains are quieter and roomier and will provide our passengers with a much improved and more comfortable travelling experience for decades to come." The electric trains, also known as the "D Set", have been given the name Mariyung after the Darug language word for emu. They will feature artwork from Indigenous artist Leanne Mulgo Watson. DAILY Today's top stories curated by our news team. WEEKDAYS Grab a quick bite of today's latest news from around the region and the nation. WEEKLY The latest news, results & expert analysis. WEEKDAYS Catch up on the news of the day and unwind with great reading for your evening. WEEKLY Get the editor's insights: what's happening & why it matters. WEEKLY Love footy? We've got all the action covered. WEEKLY Every Saturday and Tuesday, explore destinations deals, tips & travel writing to transport you around the globe. WEEKLY Going out or staying in? Find out what's on. WEEKDAYS Sharp. Close to the ground. Digging deep. Your weekday morning newsletter on national affairs, politics and more. TWICE WEEKLY Your essential national news digest: all the big issues on Wednesday and great reading every Saturday. WEEKLY Get news, reviews and expert insights every Thursday from CarExpert, ACM's exclusive motoring partner. TWICE WEEKLY Get real, Australia! Let the ACM network's editors and journalists bring you news and views from all over. AS IT HAPPENS Be the first to know when news breaks. DAILY Your digital replica of Today's Paper. Ready to read from 5am! DAILY Test your skills with interactive crosswords, sudoku & trivia. Fresh daily! Advertisement AdvertisementChhatarpur: Land Dispute Turns Violent As 2 Families Hit Each Other With Sticks, Pull Hair; Over Dozen Injured (Watch Video)China breaks silence on growing WW3 fears with message to Russia and its enemiesNittany Lions will face No. 1 Oregon next Saturday in Indianapolis
Stocks kept market participants on their toes Thursday as investors weighed the impact of "meh" revenue guidance from AI bellwether Nvidia ( NVDA ). The main benchmarks eventually settled higher thanks to impressive earnings from another notable technology company. At the close, the Dow Jones Industrial Average was up 1.1% at 43,870, the S&P 500 had gained 0.5% to 5,948, and the Nasdaq Composite had ticked 0.03% higher to 18,972. Nvidia finished the session up 0.5%. The company gave Wall Street plenty to like in its fiscal third-quarter print , including top- and bottom-line beats and an encouraging update on its next-generation Blackwell AI chips. Subscribe to Kiplinger’s Personal Finance Be a smarter, better informed investor. Sign up for Kiplinger’s Free E-Newsletters Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail. Profit and prosper with the best of expert advice - straight to your e-mail. But folks seemed to be hyperfocused on NVDA's fiscal fourth-quarter forecast for revenue of $37.5 billion, plus or minus 2%. While this is above Wall Street's average estimate for revenue of $37 billion, it "was below some of the numbers we heard thrown around in recent days," says UBS Global Research analyst Timothy Arcuri (Buy). Still, Arcuri notes it leaves "considerable room for upside with our supply chain work on Hopper together with company comments on Blackwell implying another $5 billion headroom beyond the guidance." Snowflake has its best day ever after earnings Near the top of the Dow was Salesforce ( CRM ), which jumped 3.1% thanks to a halo lift from fellow software firm Snowflake ( SNOW ). Indeed, SNOW stock surged 32.7% – its best day ever – after the data cloud company beat top- and bottom-line expectations for its fiscal 2025 third quarter and raised its full-year outlook. "We rate Snowflake shares a Buy," says Truist Securities analyst Joel Fishbein Jr. , adding "that the company possesses a unique technology advantage that will give them a dominant competitive position in the data cloud in both the short and long term." Fishbein admits SNOW is not a cheap stock at current levels but the "current valuation is fair on a growth-adjusted basis and that the tailwinds for growth are stronger than market expectations which offer further upside going forward." BJ's jumps on membership fee hikes, stock buybacks Looking elsewhere on the earnings calendar , BJ's Wholesale Club Holdings ( BJ ) reported mixed results for its fiscal third quarter, beating on the bottom line but falling just short on the top line. Nevertheless, BJ rose 8.3% on news the warehouse club is raising its membership fee for the first time in seven years and buying back $1 billion worth of stock, which equates to roughly 8% of its current market cap . "We rate BJ shares at Buy as we view BJ's as well positioned in both the near term and long term given its strong value proposition (especially in fuel) in a highly inflationary environment, as well as strong and improving membership trends," wrote BofA Securities analyst Robert Ohmes said in a November 11 note. Alphabet sinks on DOJ news In non-earnings news, Alphabet ( GOOGL ) spiraled 4.7% after the Department of Justice (DOJ) on Wednesday said the conglomerate's Google segment should be forced to sell its Chrome search engine browser. News that the DOJ was considering the request began circulating earlier this week, but the agency filed the formal paperwork last night. The Justice Department is also asking that Google not be allowed to prioritize its search engine on Android devices or pay others to be the preferential search engine on their browsers. Jobless claims fall, existing home sales rise On the economic front, data from the Labor Department showed that initial jobless claims fell by 6,000 last week to 213,000. "Those expecting the labor market to crack are going to have to keep waiting," says Ellen Zentner, chief economic strategist for Morgan Stanley Wealth Management. "Another moderate jobless claims total underscores the U.S. economy's persistent strength. But as the Fed has recently hinted, that strength may slow the pace at which they cut rates." Existing home sales rose 3.4% in October from the prior month to a seasonally adjusted annual rate of 3.96 million, according to the National Association of Realtors . "Many prospective buyers spent September waiting for interest rates to moderate following the Fed's jumbo 50-basis point cut to its key benchmark," says José Torres , senior economist at Interactive Brokers. But instead, longer-term borrowing costs rose, Torres notes. "After seeing rates escalate, these potential home buyers may have entered the market after giving up hope for mortgage costs to ease." Related content What's Next for MicroStrategy Stock as Bitcoin Nears $100,000? Stock Market Holidays in 2024: NYSE, NASDAQ and Wall Street Holidays Vanguard Money Market Funds: What You Need to KnowDaily Post Nigeria EPL table: Liverpool open eight-point gap after 3-2 win at Southampton Home News Politics Metro Entertainment Sport Sport EPL table: Liverpool open eight-point gap after 3-2 win at Southampton Published on November 24, 2024 By Ifreke Inyang Liverpool had to come from behind to claim a 3-2 win at Southampton in the Premier League on Sunday. The Reds knew that victory at St Marys would take them eight points clear of Manchester City, who were humiliated 4-0 by Tottenham Hotspur yesterday. And they took the lead in the first half through Dominik Szobozslai. However, the Saints fought back to take the lead, thanks to Armstrong’s penalty and a breakaway goal from Mateus Fernandes. But Mohamed Salah scored twice to ensure Liverpool took maximum points. Arne Slot’s men will now face City at Anfield next weekend, in what could be a decisive fixture in the title race. 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