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Tech companies led a broad rally for U.S. stocks Tuesday, a boost for the market in a holiday-shortened trading session. The S&P 500 rose 0.8% in midday trading. The Dow Jones Industrial Average was up 273 points, or 0.6%, as of 12:18 p.m. Eastern time. The tech-heavy Nasdaq composite was up 1%. Chip company Broadcom rose 2.9%, while semiconductor giant Nvidia, whose enormous valuation gives it an outsize influence on indexes, rose 0.8%. Super Micro Computer jumped 5.8%. Tesla climbed 5.1%, one of the biggest gains among S&P 500 stocks. Amazon.com rose 1.6% American Airlines slipped 0.1% after the airline briefly grounded flights nationwide due to a technical issue. U.S. Steel rose 1.1% a day after an influential government panel failed to reach consensus on the possible national security risks of the nearly $15 billion proposed sale to Nippon Steel of Japan. NeueHealth surged 68.9% after the health care company agreed to be taken private in a deal valued at roughly $1.3 billion. Treasury yields rose in the bond market. The yield on the 10-year Treasury rose to 4.61% from 4.59% late Monday. European markets were mostly higher. Markets in Asia mostly gained ground. U.S. markets will close at 1 p.m. Eastern and stay closed Wednesday for Christmas. Wall Street has several economic reports to look forward to this week, including a weekly update on unemployment benefits on Thursday. Tuesday’s rally comes as the stock market enters what’s historically been a very cheerful season. The last five trading days of each year, plus the first two in the new year, have brought an average gain of 1.3% since 1950. The so-called “Santa rally” also correlates closely with positive returns in January and the upcoming year. So far this month, the U.S. stock market has lost some of its gains since President-elect Donald Trump’s win on Election Day, which raised hopes for faster economic growth and more lax regulations that would boost corporate profits. Worries have risen that Trump’s preference for tariffs and other policies could lead to higher inflation , a bigger U.S. government debt and difficulties for global trade. Even so, the stock market remains on pace to deliver strong returns for 2024. The benchmark S&P 500 is up about 26% so far this year and remains within roughly 1.3% of the all-time high it set earlier this month — its latest of 57 record highs this year.The French government is still in crisis. For the first time since 1962, French lawmakers held a no-confidence vote which ousted the prime minister, Michel Barnier. The vote, which had the support of 331 lawmakers, adds to President Emmanuel Macron’s deep crisis. Earlier this year, the French president held snap elections in an attempt to rally support from voters fearing the advance of the Far Right in Europe. This move backfired, in large part due to the rapid emergence of a new electoral alliance between the left-wing parties like La France Insoumise, the Socialist Party, and the New Anticapitalist Party, referred to as the New Popular Front. With the far-right National Rally party advancing and the New Popular Front entering the mix, no single party won a majority to govern (known as a hung parliament). Yet, in a great indictment to Macron, and a rejection of the Far Right led by Marine Le Pen’s National Rally which finished third, the New Popular Front emerged ahead of his Renaissance Party. Despite the results, Macron appointed Barnier, a conservative politician, as prime minister in September. Three months later, the crisis of the French government is once again in full swing. The recent no confidence vote came in response to Barnier’s attempt to force through a social security budget without a vote in parliament. Despite growing calls for his resignation, Macron has declared that he’ll choose a new prime minister soon, with the hope of passing a new budget swiftly. Following Barnier’s ouster, 200,000 people marched through France, according to the CGT, the country’s major federation of trade unions. This speaks to another key element of the political situation in France: the power of class struggle which began to emerge with the Yellow Vests movement and developed into a “ pre-revolutionary ” uprising in 2023 in response to Macron’s attacks on pensions. While the movement against the pension reform was defeated, in large part due to the pacifying role played by the union bureaucracies, the recent mobilization of workers shows that class struggle has not been resolved by the various electoral shifts in France this year. In the face of the deepening crises of French capitalism, the state is pushing for austerity to make workers pay. However, the workers’ movement in France showed a deep questioning of the regime and willingness to fight. Along with this, the country has seen important, youth-led struggles against racism, xenophobia, and Israel’s genocide in Palestine. Now too, in the face of calls for Macron’s resignation, and the advances of the National Rally, the New Popular Front is poised to channel the discontent of the masses into parliament, instead of fostering the independent action of the working class. Instead of fighting to unite the struggles of a working class on the move to deal a blow to French capitalism, the New Popular Front sows illusions that these struggles can be resolved through the electoral process and better administration of the imperialist state. As Left Voice’s French sister site, Révolution Permanente (RP) reports : The important mobilization testifies to the deep anger of public sector workers, which has continued to smolder in recent months in the face of the scale of the offensives [austerity from the state] in preparation... The fall of the government will not have been enough to calm this anger. Moreover, the desire not to stop at this successful day was heard in the processions but also in the assemblies of strikers who met throughout the day. At this time, it remains to be seen how the situation in France will develop. While the New Popular Front was successful at channeling the fight against the Far Right into the institutions of the regime earlier this year, their alliance is now fracturing , a point RP predicted would happen due to the opportunistic nature of the alliance. In an editorial for RP , Paul Morao argues: Rather than leaving the development of the crisis in the hands of the ruling classes, who will be able to arrange it according to their interests, the urgency should be to build a response from below. The working classes and the youth, who demonstrated by the millions against pension reform in 2023, have the strength to respond to the political crisis, around a program against austerity, layoffs, but also against the rotten institutions of the Fifth Republic... Workers and youth cannot continue to be lulled by electoral illusions. We need a workers’ program that aims to end the Fifth Republic, prohibit layoffs, increase all wages and expropriate entire parts of the economy under the control of workers. Otherwise, the current crisis will once again be resolved on the backs of the workers and youth. France Labor Movement Revolution Permanente
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In the Ming Dynasty, a legendary martial arts master with extraordinary skills and unwavering determination sets out on a quest to uncover the secrets of a mystical feather that holds the power to change the course of history. This is the captivating premise of "Ming Dynasty: Feathers of Abyss," an immersive action-packed adventure that will leave audiences on the edge of their seats.
The choice of the name "YU7" for Xiaomi's first SUV is no doubt deliberate and carries significance. The name reflects Xiaomi's commitment to creating a vehicle that is not only technologically advanced but also stylish and modern. The use of the letter "Y" in the name may symbolize youth, vigor, and a forward-thinking approach, while the number "7" could signify luck, perfection, and completion. Together, the name "YU7" hints at a vehicle that embodies cutting-edge technology and design.Jason Kelce's wife announces she is pregnant with the couple's fourth child Former Philadelphia Eagles center Jason Kelce's wife is announcing she's pregnant with the couple's fourth child. Kylie Kelce posted a photo on Instagram on Friday of the couple's three young daughters reacting to the news. The oldest daughter, Wyatt, appears to be cupping her head in shock. The middle daughter, Ellioette, is smiling. The youngest, Bennett, is in tears. A caption attached to the photo reads: “I feel like we captured a very accurate representation of how each of the girls feel about getting another sister. At least Ellie, mom and dad are on the same page!” Israeli-Moldovan rabbi living in UAE is missing. Israeli officials fear he may have been kidnapped DUBAI, United Arab Emirates (AP) — An Israeli-Moldovan rabbi living in the United Arab Emirates has gone missing, with Israeli authorities raising the suspicion he may have been kidnapped as tensions remain high with Iran. The Israeli prime minister’s office said that Zvi Kogan has been missing since noon Thursday. It said that against the backdrop of information that this was a terrorist incident, an extensive investigation has been opened in the country. Emirati officials did not immediately respond to a request for comment Saturday. State-run media in the UAE, an autocratic federation of seven sheikhdoms on the Arabian Peninsula and home to Abu Dhabi and Dubai, did not immediately report the incident. Alyssa Nakken, first full-time female coach in MLB history, leaving Giants to join Guardians CLEVELAND (AP) — Alyssa Nakken, the first woman to coach in an MLB game, is leaving the San Francisco Giants to join the Cleveland Guardians. Nakken made history in 2022 when she took over as first-base coach following an ejection. A former college softball star at Sacramento State, Nakken joined the Giants in 2014 and was promoted to a spot on manager Gabe Kapler’s staff in 2020, becoming the majors’ first full-time female coach. Nakken has been hired as an assistant director within player development for the Guardians, who won the AL Central last season under first-year manager Stephen Vogt. Nakken, 34, will work with former Giants coaches Craig Albernaz and Kai Correa. Officer kills pet dog mistaken for a coyote in Massachusetts town. The owner says it was unnecessary An animal control officer shot and killed a pet dog in a Massachusetts town after mistaking it for a coyote in an incident local police are describing as a sad mix-up. Police in Northbridge, Massachusetts, say the shooting happened on Tuesday after police received a call of a report of a coyote in a residential backyard. Police say the animal control officer went into the woods to look for the coyote and found what they thought was the animal in a threatening position and shot it. The incident happened as communities around Massachusetts and the country have dealt with an uptick in interactions between coyotes and people. Kendrick Lamar surprises with new album 'GNX' LOS ANGELES (AP) — Kendrick Lamar gave music listeners an early holiday present with a new album. The Grammy winner released his sixth studio album “GNX” on Friday. The 12-track project is the rapper’s first release since 2022’s “Mr. Morale & The Big Steppers.” Lamar’s new album comes just months after his rap battle with Drake. The rap megastar will headline February's Apple Music Super Bowl Halftime Show in New Orleans. The 37-year-old has experienced massive success since his debut album “good kid, m.A.A.d city” in 2012. Since then, he’s accumulated 17 Grammy wins and became the first non-classical, non-jazz musician to win a Pulitzer Prize. NBA memo to players urges increased vigilance regarding home security following break-ins MIAMI (AP) — The NBA is urging its players to take additional precautions to secure their homes following reports of recent high-profile burglaries of dwellings owned by Milwaukee Bucks forward Bobby Portis and Kansas City Chiefs teammates Patrick Mahomes and Travis Kelce. In a memo sent to team officials, a copy of which was obtained by The Associated Press, the NBA revealed that the FBI has connected some burglaries to “transnational South American Theft Groups” that are “reportedly well-organized, sophisticated rings that incorporate advanced techniques and technologies, including pre-surveillance, drones, and signal jamming devices.” Ancient meets modern as a new subway in Greece showcases archaeological treasures THESSALONIKI, Greece (AP) — Thessaloniki, Greece’s second-largest city, is opening a new subway system, blending ancient archaeological treasures with modern transit technology like driverless trains and platform screen doors. The project, which began in 2003, uncovered over 300,000 artifacts, including a Roman-era thoroughfare and Byzantine relics, many of which are now displayed in its 13 stations. Despite delays caused by preserving these findings, the inaugural line has been completed, with a second line set to open next year. Conor McGregor must pay $250K to woman who says he raped her, civil jury rules LONDON (AP) — A civil jury in Ireland has awarded more than $250,000 to a woman who says she was raped by mixed martial arts fighter Conor McGregor in a Dublin hotel penthouse after a night of heavy partying. The jury on Friday awarded Nikita Hand in her lawsuit that claimed McGregor “brutally raped and battered” her in 2018. The lawsuit says the assault left her heavily bruised and suffering from post-traumatic stress disorder. McGregor testified that he never forced her to do anything and that Hand fabricated her allegations after the two had consensual sex. McGregor says he will appeal the verdict. At least 19 people are sick in Minnesota from ground beef tied to E. coli recall U.S. health officials say at least 19 people in Minnesota have been sickened by E. coli poisoning tied to a national recall of more than 167,000 pounds of potentially tainted ground beef. Detroit-based Wolverine Packing Co. recalled the meat sent to restaurants nationwide. Minnesota state agriculture officials reported multiple illnesses and found that a sample of the product tested positive for E. coli, which can cause life-threatening infections. No illnesses have been reported outside of Minnesota. Symptoms of E. coli poisoning include fever, vomiting, diarrhea and signs of dehydration. Actor Jonathan Majors’ ex-girlfriend drops assault and defamation lawsuit against once-rising star NEW YORK (AP) — Jonathan Majors’ ex-girlfriend has dropped her assault and defamation lawsuit against the once-rising Hollywood star after reaching a settlement. Lawyers for Majors and Grace Jabbari agreed to dismiss the case with prejudice Thursday. Jabbari is a British dancer who had accused Majors of subjecting her to escalating incidents of physical and verbal abuse during their relationship. Representatives for Majors didn’t respond to emails seeking comment Friday. Jabbari’s lawyer said the suit was “favorably settled” and her client is moving on with “her head held high.” Majors was convicted of misdemeanor assault and harassment last December and sentenced to a yearlong counseling program.
Tickets to the $1 Billion Mega Millions Draw available this Christmas Eve on Jackpot.comXue Jia Ning, a popular Chinese actress, recently visited her close friend Zhao Lu Si on set once again, sparking joy and admiration among netizens. The heartwarming bond between the two actresses has not only captured the attention of fans but also resonated with many who believe that true friendship is a rare and precious treasure.
In the Ming Dynasty, a legendary martial arts master with extraordinary skills and unwavering determination sets out on a quest to uncover the secrets of a mystical feather that holds the power to change the course of history. This is the captivating premise of "Ming Dynasty: Feathers of Abyss," an immersive action-packed adventure that will leave audiences on the edge of their seats.BUFFALO, N.Y. (WKBW) — Buffalo police want to use a new technology tool that uses artificial intelligence to scour social media and the dark net for crimes in progress — and even those being planned. Police Commissioner Joseph Gramaglia wants to use Dataminr which he said can give real-time information to police. The cost would be covered by a technology grant from the state so it wouldn't cost the city any extra money, according to Gramaglia. He also pointed out that the information it searches is all open source so police would not be accessing private accounts — only information posted publicly. Gramaglia said he got a firsthand look at how it works back in November 2022. He was giving a presentation to the New York City Police Department about the mass shooting at Tops earlier that year when police there informed him that there was another active shooter situation unfolding in Buffalo. It was the thwarted shooting at the Alba da Vida methadone clinic on the West Side of Buffalo. "NYPD was advising us in real time that a guy had walked into the methadone clinic on Virginia Street and began shooting," Gramaglia told me. "That information was being put out on social media instantly as it was happening." Gramaglia said he believes it's important for law enforcement to embrace new technology. "We have to leverage technology. We've got great cops, we have phenomenal detectives, they're out there doing great work. You have to be ahead of the curve. You have to have technology. We need help to get that information to us so that we can action that information better. You're absolutely foolish if you don't leverage technology to make your community safer," Gramaglia said. While the cost would be covered by the state, the Buffalo Common Council still has to approve the purchase. The matter is going to go before the Common Council next week. We'll let you know what happens.