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2025-01-21
(Bloomberg) — Stocks in Asia are poised to extend Monday’s gains as Donald Trump’s pick of Scott Bessent for Treasury Secretary lifted US bonds and shares, with traders betting the hedge-fund manager will bring a Wall Street mindset to the role. Futures pointed to advances in Sydney, Tokyo and Hong Kong after the regional benchmark advanced 0.8% on Monday. Treasuries rallied across the curve, with the move led by longer maturities. The dollar fell the most in more than two weeks while Bitcoin slipped after a surge toward $100,000 fizzled just shy of the historic level. Oil sank as Israel moved closer to a cease-fire with Hezbollah. Markets kicked off the week with a risk-on tone as Bessent has deep familiarity with global financial systems — a trait that made him palatable to investors. And while he’s indicated he’ll back the president-elect’s tariff plans and fight to extend Trump’s tax cuts, Bessent isn’t known as an ideologue, spurring Wall Street expectations that he will prioritize economic and market stability over scoring political points. “Investors are viewing this nomination as one that will provide a Goldilocks scenario for Mr. Trump’s pro-business proposals,” said Matt Maley at Miller Tabak + Co. The S&P 500 rose 0.3%. The Nasdaq 100 added 0.1%. The yield on 10-year Treasuries declined 13 basis points to 4.27%. The Bloomberg Dollar Spot Index fell 0.5%. Australia’s 10-year yield tracked US bond moves, falling seven basis points in early trading Tuesday. While the S&P 500 might be a long way away from fumbling a strong year, don’t get too optimistic about a strong, smooth finish to the year, according to Callie Cox at Ritholtz Wealth Management. “Yields show that expectations have moved a lot over the past two months, yet we haven’t seen any sustained, clear momentum in economic data,” Cox said. “December could be a reality check for people convinced that the economy is firing on all cylinders again.” US inflation figures this week that are seen showing stubborn price pressures will reinforce the Federal Reserve’s cautionary posture toward future interest-rate cuts. The personal consumption expenditures price index excluding food and energy — the Fed’s preferred measure of underlying inflation — is projected to have risen by 0.3% in October from September, and by 2.8% from a year earlier, in what would be the largest advance since April. Fed Bank of Chicago President Austan Goolsbee told Fox Business he foresees the central bank continuing to lower rates toward a stance that neither restricts nor promotes economic activity. Key events this week: Some of the main moves in markets: Stocks Currencies Cryptocurrencies Bonds This story was produced with the assistance of Bloomberg Automation.Eel River expected to flood Thursday and Friday80 jili cc

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Liverpool is 100% on top of the Champions League after dumping title holder Real Madrid into an almost unbelievable 24th place in the 36-team standings on Wednesday. No one felt the embarrassment of Madrid’s 2-0 loss at Anfield more than Kylian Mbappé, the superstar added in the offseason by the storied club that also was European champion against Liverpool in the finals of 2022 and 2018. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.None

FAIRFAX, Va. , Nov. 25, 2024 /PRNewswire/ -- GovCIO Media & Research , a leading federal technology media company, opened the Flywheel Award nominations for the 2025 Defense IT Summit. The Flywheel Awards will be presented on February 27, 2025 , in Arlington, Virginia , at the Defense IT Summit. The awards will recognize the key accomplishments of federal and defense leaders in transforming and innovating national security technology through the programs they oversee. The entry deadline is December 20 and finalists will be announced on January 6 . "The Flywheel Awards embody what it means to be a transformer in defense IT, and it is our goal to continuously recognize these leaders," said Amy Kluber , Editor-in-Chief. "During the Defense IT Summit, the Awards will recognize the accomplishments made by defense leaders and the programs that they work on that transform and innovate national security technology." The Defense IT Summit Flywheel Award categories include: Rising Star Emerging Tech Innovator Cyber Defender Digital Transformer Data Advocate Nominees must be federal IT employees and submission achievements must be from January 2024 to present. Nominations for the Defense IT Summit Flywheel Awards are open until December 20 . Submit nominations here. Visit the Defense IT Summit event page to view the full event agenda, speaker lineup and register for this must-attend event. Tickets are going fast, register today. About GovCIO Media & Research GovCIO Media & Research, an independent media company, provides insights and analysis on federal IT innovation and is the leading industry solutions resource. Our team utilizes a multi-platform approach to today's most pressing issues through video, podcasts, events, articles and special reports that keep federal IT decision-makers informed on technology's impact on government. Media Contact Emyly Hall Sr. Communications & Marketing Specialist [email protected] SOURCE GovCIO Media & ResearchHead in the game

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Liverpool shines in Champions League, dumping Real Madrid down the table. Dortmund rises to 4thBrazilian police indict former President Bolsonaro and aides over alleged 2022 coup attempt

Judge grants dismissal of election subversion case against TrumpPackworks, a Filipino startup that provides a business-to-business (B2B) open platform to sari-sari stores, has achieved a major milestone by winning four awards at the KMC Startup Awards 2024 during its gala night on November 15. The company was recognized for its innovative contributions to empowering sari-sari stores and shaping the future of hyperlocal retail in the Philippines. Packworks earned the gold honor in the Tech Innovator category for revolutionizing the grassroots retail sector in the Philippines. Packworks' platform empowers over 300,000 sari-sari stores nationwide by digitizing their daily operations with tools for pricing, inventory management, and sales tracking, while also providing access to working capital loans. Partner stores benefit from increased income through exclusive discounts from partner FMCG brands and companies, making the platform a game-changer for small-scale retailers. Register to read this story and more for free . Signing up for an account helps us improve your browsing experience. OR See our subscription options.Opposition fighters are at Damascus' gates. Who are they and what now?None

SEOUL, South Korea , Nov. 27, 2024 /PRNewswire/ -- Hyundai Motor Company and Kia Corporation have unveiled a reliable companion for industrial work, the wearable robot 'X-ble Shoulder.' This device, just by being worn, can increase workers' efficiency and reduce musculoskeletal injuries. Two videos released on Hyundai Motor Group's YouTube channel show the X-ble Shoulder in action, including product features and the development story . Hyundai Motor and Kia unveiled the X-ble Shoulder at Wearable Robot Tech Day held at the Hyundai Motorstudio Goyang near Seoul . The X-ble brand — a combination of 'X,' symbolizing infinite potential, and 'able,' indicating that anything can be realized — heralds a new era in wearable technology. The X-ble Shoulder, the first product in the X-ble line, is an industrial wearable robot developed by Hyundai Motor and Kia's Robotics LAB. When used in 'overhead work' where the arm is raised, it can assist the user's upper arm muscle strength and reduce the burden on the upper extremity musculoskeletal system. The X-ble Shoulder will find use in various industries, including construction, shipbuilding, aviation and agriculture, not just automobiles. Following its domestic launch, the companies plan to gradually expand sales to overseas markets. In addition to the X-ble Shoulder, Hyundai Motor and Kia plan to develop an industrial wearable robot 'X-ble Waist' to assist the waist when lifting heavy loads, and a medical wearable robot 'X-ble MEX' for the rehabilitation of the walking impaired. "The X-ble Shoulder is a wearable robot that leverages the technical capabilities of the Robotics LAB and implements feedback from actual users," said Dong Jin Hyun , Vice President and Head of Robotics LAB at Hyundai Motor and Kia. "Going forward, we aim to expand the availability of wearable robots, creating products that work naturally with users to enhance their daily lives. By pushing technological boundaries, we will make these beneficial products accessible to more people." View original content to download multimedia: https://www.prnewswire.com/news-releases/hyundai-motor-and-kias-robotics-lab-announce-plans-to-launch-x-ble-shoulder-at-wearable-robot-tech-day-302317253.html SOURCE Hyundai Motor Company; Kia CorporationNone

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