NEW YORK and AMSTERDAM , Dec. 13, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI"), the world's leading index provider, today announced the results of the annual Dow Jones Sustainability Indices (DJSI) rebalancing and reconstitution. The DJSI are float-adjusted market capitalization weighted indices that measure the performance of companies selected using environmental, social and governance (ESG) criteria. The DJSI, including the Dow Jones Sustainability World Index (DJSI World), were launched in 1999 as the pioneering series of global sustainability benchmarks available in the market. The index family is comprised of global, regional and country benchmarks. As a result of this year's review, the following top three largest companies based on free-float market capitalization have been added to and deleted from the DJSI World. All changes are effective on Monday, December 23, 2024 . Additions: Airbus SE, Schlumberger Ltd, BAE Systems Plc Deletions: Alphabet Inc 1 , UnitedHealth Group Inc, ASML Holding NV 2 The full results and list of DJSI constituents will be available as of Monday, December 23 2024 , at https://www.spglobal.com/esg/csa/djsi-annual-review S&P Dow Jones Indices will be renaming a number of its sustainability and ESG-related indices (see Index Announcement ). As part of this update, the family of Dow Jones Sustainability Indices (DJSI) will be renamed Dow Jones Best-in-Class Indices. The changes will become effective on Monday, February 10, 2025 . The S&P Global CSA Scores will continue to be a key factor in selecting constituents for the DJSI when they are renamed Dow Jones Best-in-Class Indices in February 2025 . For more information about the DJSI methodology, please visit: www.spglobal.com/spdji . ABOUT S&P DOW JONES INDICES S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets. S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit: www.spglobal.com/spdji . 1 Still member of DJSI World Enlarged and DJSI North America 2 Still member of DJSI World Enlarged S&P DJI MEDIA CONTACTS: spdji.comms@spglobal.com View original content: https://www.prnewswire.com/news-releases/sp-dow-jones-indices-announces-dow-jones-sustainability-indices-2024-review-results-302331745.html SOURCE S&P Dow Jones Indices
NoneWASHINGTON — Let the Trump Trade Wars 2.0 begin! If you're a Hoosier farmer or auto worker, brace yourselves for potential impacts and bailouts. On Tuesday, President-elect Donald J. Trump announced huge tariffs aimed at our three biggest trade partners, Mexico, Canada and China. There is now intense speculation that these three nations will retaliate. “On January 20th, as one of my many first Executive Orders, I will sign all necessary documents to charge Mexico and Canada a 25% Tariff on ALL products coming into the United States, and its ridiculous Open Borders,” Trump posted on his Truth Social platform. “This Tariff will remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country!” Trump allies see these tariffs as potential bargaining chip. “I think Trump is a world-class negotiator, and I’m confident that he’ll support the U.S. agriculture economy,” Kip Tom, a Kosciusko County farmer and co-chair of the Farmers and Ranchers for Trump 47, told Hoosier Ag Today. U.S. Trade Representative data reveals that Indiana exported $56 billion, with 27% ($14.9 billion) to Canada, $7.5 billion to Mexico and $5 billion to China in 2022. According to Hoosier Ag Today, Indiana is the seventh-largest agriculture exporting state shipping $7.4 billion in domestic exports abroad in 2022, according to the United States Department of Agriculture. That same year, Indiana exported $2.6 billion in soybeans, $1.3 billion in corn, $836 million in feeds and other feed grains, $472 million in soybean meal, and $394 million in pork. According to Autos Drive America, Indiana produced 948,130 vehicles in 2023, generating 124,135 jobs (and another 97,813 in indirect employment) while making $9.4 billion in employee compensation. It's a $19 billion industry producing 3.8% of Indiana's gross state product. The proposed tariffs and Trump's threat to pull electric vehicle tax credits could change the playing field at a time when General Motors and Samsung are building a $3.5 billion battery plant near New Carlisle. This project has already been delayed by a year due to what The Associated Press described as slowing EV sales in the U.S. This is a repeat from Trump's playbook after he imposed similar tariffs in 2018 in 2019. The Tax Foundation described those tariffs as "tax increases" on American consumers, despite Trump's assertion that China would be paying. "The Trump administration imposed nearly $80 billion worth of new taxes on Americans by levying tariffs on thousands of products valued at approximately $380 billion in 2018 and 2019, amounting to one of the largest tax increases in decades," the Tax Foundation observed. The Biden administration has kept most of the Trump tariffs in place, and in May 2024, announced tariff hikes on an additional $18 billion of Chinese goods, including semiconductors and electric vehicles, for an additional tax increase of $3.6 billion. "We estimate the Trump-Biden tariffs will reduce long-run GDP by 0.2%, the capital stock by 0.1%, and employment by 142,000 full-time equivalent jobs," the Tax Foundation said. The impact of Trump's initial tariffs on U.S. households had been about $625 a year. "If imposed permanently, we estimate these tariffs would generate $1.2 trillion in tax revenue from 2025 through 2034 on a conventional basis," the Foundation added. "In the long run, we estimate the tariffs would reduce GDP by 0.4% and employment by 344,900 jobs. Our estimates do not capture the effects of retaliation, nor the additional harms that would stem from starting a global trade war." According to Agriculture Dive, "Higher tariffs could further erode market opportunities for farmers as they struggle to compete with lower-priced commodities from other countries. If China were to retaliate with its own 60% tariffs on U.S. farm goods, it would result in a loss of 25 million metric tons of soybean exports and 90% of corn exports, according to a study commissioned by National Corn Growers Association and American Soybean Association. “Bottom line: A repeated tariff-based approach accelerates conversion of cropland in South America, which has permanent ramifications on soybean and corn exports worldwide,” the trade groups said following the release of the study, completed by the World Agricultural Economic and Environmental Services. “And U.S. soybean and corn growers bear the burden.” As for Hoosier farmers, the Trump tariffs were damaging, and he responded by creating Market Facilitation Payments, the USDA's program for farmers whose access to the Chinese market has been cut off. According to Politico, direct farm aid climbed each year of Trump’s first presidency, from $11.5 billion in 2017 to more than $32 billion 2020. The New York Times reported that in 2020, Market Facilitation Payments reached $46 billion that election year. For contrast, the Bush43 and Obama administrations bailed out GM and Chrysler in 2008-10 to the tune of $80 billion. Moody's chief economist Mark Zandi told Marketplace that all but $9 billion had been repaid. Politically, these federal bailout funds proved to be advantageous for the Trump campaign, as he carried most rural Indiana counties with 65% to 75% of the vote in 2020 and again Nov. 5. But the reality is that these bailout funds simply end up on the federal credit card, to be paid (or endured) by future generations.
The Stanley company, whose cups are wildly popular, is recalling over two million mugs due to a potential danger. The recall affects 2.6 million switchback and trigger action stainless steel travel mugs sold across America, the Associated Press (AP) reported on Friday. The mug’s lid threads are capable of shrinking when exposed to heat and torque. Therefore, there is a danger the lid could detach and the user could be burned. The outlet continued: Stanley has received 91 reports worldwide, including 16 in the U.S., of the recalled travel mugs’ lids detaching during use, resulting in 38 burn injuries worldwide, including two burn injuries in the U.S., with 11 consumers worldwide requiring medical attention. Stanley said the recall includes double-walled mugs sold in a variety of colors including white, black and green, in 12 oz., 16 oz. and 20 oz. sizes with a polypropylene lid. The Stanley logo appears on the front and bottom of the mug. In its announcement regarding the recall, the United States Consumer Product Safety Commission urged consumers to stop using the mugs and contact the company for a replacement lid. The commission said the mugs were sold at “Amazon.com, Walmart, Dick’s Sporting Goods, Target and other stores nationwide and online from June 2016 through December 2024 for between $20 and $50, depending on the model.” Stanley cups have become quite the “it” item to have in recent years, CNN reported in January. “It’s no secret that good marketing — largely to women, through social media — has been behind the cups’ recent surge in popularity,” the article read, noting that some shoppers have fought over the cups. “When eyeing a brand revamp in 2020, Stanley’s global president Terence Reilly specifically chose women as a potential new consumer base. Then, with a new palette of colors and designs, the company relied on trusted influencers on social media to get the word out,” the CNN report said. According to the Stanley website, the company was founded by inventor William Stanley Jr. in 1913.Hang your Stockings with Care This Season: A Guide To Decorating Safety
LAS VEGAS (AP) — Trae Young might be the NBA's biggest enigma. Young's fans can point to numbers and say he's an elite player. His detractors can point to numbers and say he's overrated. Both arguments have validity. To some, his cocky ways are endearing. To others, they're infuriating. This can't be argued: He's helping Atlanta author one of the season's surprise stories. The Hawks are in the NBA Cup semifinals, set to play Milwaukee on Saturday before the other semifinal between Oklahoma City and Houston. The title game is Tuesday night. “When we talk about Trae, the word I like to use is evolution,” Hawks coach Quin Snyder said. “And every player evolves. They just evolve in different ways. He's been an important part of our young guys' growth and being able to elevate them.” The Hawks haven't had a ton of big moments in Young's seven seasons. But he has shown a propensity for rising to the occasion: ousting New York in the 2021 playoffs, ousting the Knicks from the quarterfinals of this tournament to get to Las Vegas — and now comes another chance on national TV on Saturday, facing the Bucks with a chance to play for a trophy. “I feel like this team has been embracing the challenge each and every night from the beginning of the season,” Young said. “We haven’t looked too far ahead in any moment. We’re just taking it day by day. Even though early on in the season we may have had some struggles and some bumps in the road and some guys out, we stuck with the process and focus on each day." Here's part of the pro-Young argument: He's averaging 21 points and 12 assists something that only Magic Johnson and Isiah Thomas have done over a full season, and he's on pace to lead the league in assist average for the first time. Here's part of the anti-Young argument: Among the 220 players with at least 50 3-point attempts this season he ranks 189th at 30.8%, and of the 248 players with at least 100 field goal attempts this season he ranks 231st at 38.4%. Choose your side. They're both valid. But it's clear that Young — who made no secret that he was upset over not being picked for the team that won gold for USA Basketball at the Paris Olympics this past summer — is growing and maturing. “He’s doing a better job on both ends of the floor,” Bucks coach Doc Rivers said. “Defensively he’s figured out a way of keeping himself out of actions. I know that sounds easy. That’s hard to do, and he’s brilliant at it, he really is. ... He must be really studying the game on both ends of the floor, and you can see that in his play. And he’s earned the trust of his players. This team likes playing with him, that’s obvious. I couldn’t say that in the past, but now they love playing with him.” Hawks forward Jalen Johnson doesn't deny that point. “He’s so good, man,” Johnson said. "It’s crazy, like just seeing it in person and on TV prior to me playing with the Hawks and getting drafted by the Hawks, it was crazy just watching it. A guy that’s undersized, being able to score at will, being able to make any pass at will. And then next thing you know you’re his teammate and you’re on the receiving end of those passes. “Watching those clutch late game buckets, it’s a joy to watch. It’s a gift that he has that’s very special and not many people have had it at that elite of a level. It’s been great being his teammate. It’s been a blessing.” Saturday is an opportunity. The semifinals are the only games on the NBA calendar for that day; the title game Tuesday — which doesn't count in the standings — is the only game on the NBA slate that night as well. Young will have tons of eyeballs on him Saturday and would have tons more on him Tuesday if the Hawks find a way to win another big game against the Bucks. They're 3-1 against Eastern Conference-leading Cleveland and Boston already this season, 1-0 against Milwaukee. The potential is clear for the Hawks. The potential for Young has always been clear as well. Only now, it's starting to be realized. “The narrative about me not being able to do certain things or being too mad or frustrated about certain things is — I mean, just aren’t true,” Young said. "I think you’re just now being able to see like with the young team we have, just some of the different things we’ve been doing this year, I think just now you’re starting to kind of see it because the results are showing and we’re winning now. We’re here in this final four of the Cup, and it’s a big deal.” AP NBA: https://apnews.com/hub/NBAAP Business SummaryBrief at 5:52 p.m. EST
Related ArticlesGates Group Files for 2.5M Share IPO at $5.50-$6.50/sh
‘Small caps are going to become more in favor in 2025:' VettaFi's research head doubles down on winning groupStock market today: Wall Street ends mixed after a bumpy weekIndianapolis Colts wide receiver Alec Pierce has had an up-and-down campaign, but there have been far more explosive performances than in previous seasons. The third-year wideout leads the NFL in yards per reception, logging a ridiculous 23.3 average per catch. Despite it being Week 13, the Cincinnati product has already set career-high marks in yards (629) and touchdown receptions (four) despite recording only 27 receptions. Ahead of the Week 13 matchup against the New England Patriots , Pierce is listed as questionable on the team's injury report due to a foot injury. Here's the latest update on his status for Week 13. Alec Pierce injury update Despite being listed as questionable, Pierce is expected to play in Sunday's game against the Patriots, according to Stephen Holder of ESPN. During the week, Pierce failed to practice both Wednesday and Thursday. However, he returned to full practice on Friday, which is typically a good sign that he'll have a chance to play. The Colts will be without their best receiver, Josh Downs, who suffered a shoulder injury during the Week 12 loss against the Detroit Lions. The Colts will also have Michael Pittman Jr. available as he deals with several injuries, most specifically a back injury he suffered about two months ago. MORE NFL: Colts' Anthony Richardson slapped with $22K fine