The sharp increase in oil prices on the 9th has raised concerns among consumers and businesses alike. For consumers, higher oil prices mean increased costs for transportation and heating, which could in turn lead to higher prices for goods and services. Businesses, especially those that rely heavily on oil for production and transportation, will also feel the pinch as their operating costs rise.
Bengals keep confidence and playoff hopes high as they head for a showdown with PittsburghIn a brilliant display of strategic thinking and teamwork, the police officers managed to track down the primary suspect behind the scam and launched a coordinated operation to apprehend him. The arrest sent shockwaves through the criminal network, causing panic and confusion among the scammers as their carefully laid plans began to unravel.
It is important to note that the increase in second-hand property transactions does not necessarily indicate a speculative bubble in the market. Rather, it reflects a healthy and active property market that is responding to changing economic conditions and consumer preferences. As long as the market remains stable and transparent, the rise in trading volume can be seen as a positive development that benefits both buyers and sellers.
Century-old series resumes as South Carolina hosts Presbyterian
Australia’s sharemarket is likely to open lower after a sell-off in the world’s largest technology companies hit US stocks in the final stretch of a stellar year. Futures are pointing to a drop of 0.35 per cent, or 29 points, on Monday morning across the local bourse, to 8228, as traders take stock of a pullback in the US last week. Nasdaq, one of the “Magnificent Seven” companies, bore the brunt of last week’s selling. Credit: Bloomberg In the US, during a session of slim trading volume – which tends to amplify moves – the S&P 500 lost 1.1 per cent and the Nasdaq 100 slipped 1.4 per cent. While every major industry succumbed to Friday’s slide, tech megacaps bore the brunt of the selling. That’s after a torrid surge in which the group of companies dubbed the “Magnificent Seven” accounted for more than half of the US equity benchmark’s gains in 2024. “I think Santa has already come. Have you seen the performance this year?” said Kenny Polcari from financial advising firm SlateStone Wealth. “[This] week is another holiday-shortened week, volumes will be light, moves will be exaggerated. Don’t make any major investing decisions this week.” Steve Sosnick, from Interactive Brokers said while the market was in holiday season, he had fielded more inquiries than expected. “The best I can figure out is that there are large accounts, pension funds and the like, who need to rebalance their holdings before year-end,” he said. The S&P 500 and the Nasdaq 100 trimmed last week’s gains. The Dow Jones Industrial Average slipped 0.8 per cent on Friday. A gauge of the “Magnificent Seven” sank 2 per cent, led by losses in Tesla and Nvidia. The Russell 2000 index of small caps dropped 1.6 per cent. The yield on 10-year Treasuries rose 4 basis points to 4.62 per cent. The Bloomberg Dollar Spot Index wavered. Funds tied to several of the major themes that have driven markets and fund flows over the past three years stumbled during the week ending Christmas Day, according to data compiled by EPFR. Redemptions from cryptocurrency funds hit a record high while technology sector funds extended their longest outflow streak since the first week of 2023, the firm said. This year’s rally in US equities has driven the expectations for stocks so high that it may turn out to be the biggest hurdle for further gains in the new year. And the bar is even higher for tech stocks, given their massive surge in 2024. A Bloomberg Intelligence analysis recently found that analysts estimate a nearly 30 per cent earnings growth for the sector next year, but tech’s market-cap share of the S&P 500 index implies closer to 40 per cent growth expectations may be embedded in the stocks. “The market’s largest companies and other related technology darlings are still being awarded significant premiums,” said Jason Pride and Michael Reynolds at Glenmede. “Excessive valuations leave room for downside if earnings fail to meet expectations. Market concentration should reward efforts to regularly diversify portfolios.” Bloomberg The Market Recap newsletter is a wrap of the day’s trading. Get it each weekday afternoon .During a recent art performance, an unexpected incident occurred as a drone crashed, causing renowned artist Cai Guoqiang to plead with the audience not to take the fallen drone home. Fortunately, the accident did not result in any injuries, but it left a sense of regret for what could have been a flawless display of creativity and technology.AT&T, Verizon say networks now clear after Salt Typhoon hack
Investors and industry analysts are now calling on Guosen Securities to conduct a thorough review of its IT systems and implement robust measures to prevent future system failures. The reputation and credibility of the firm are at stake, as repeated disruptions to its stock trading app could erode user trust and drive clients to seek alternative brokerage services.KUWAIT: Zain Group, a leading provider of innovative technologies and digital lifestyle and ICT solutions operating in eight markets across the Middle East and Africa, announces the end of another successful year for Zain Esports, the e-gaming arm of the Group. During 2024, Zain Esports undertook 50 tournaments and activations across Zain operations in Kuwait, Saudi Arabia, Bahrain, Jordan, and Iraq. Since first launching in 2021, Zain Esports has attracted around 70,000 participants and garnered over 160 million social media impressions regionally. Moreover, Zain Esports currently has 210,000 social media followers and during 2024, over 820,000 unique viewers watched Zain Esports tournaments streamed live on Twitch and YouTube. Zain has invested heavily in network upgrades in recent years, with gaming being one of the most significant business use cases for 5G and fiber-to-the-home (FTTH). Zain was able to identify this opportunity early on, working to cultivate the e-gaming community across the Middle East in general, and within its markets of operation in particular. This investment in network and resources has resulted in the development of a vibrant e-gaming ecosystem across regional markets, with Zain Esports leading and involved in multiple gaming activities centered around the main esports titles, namely Fortnite, Counter Strike, Call of Duty, PUBG Mobile, League of Legends, FC 24 (previously FIFA), Valorant, etc: Region wide: Notably during 2024, Zain Esports partnered with Riot games in more than 15 venues across eight countries to launch the League of Legend MENA servers that saw more than five-thousand gamers participate and received more than 45 million impressions. Kuwait: Zain Esports conducted multiple offline FC (football) tournaments in Kuwait throughout 2024 with hundreds of gamers competing in the 62 matches that were played. Saudi Arabia- Zain Esports local arm PLAYHERA continued to support the Saudi gaming system Bahrain - Zain Esports partnered with universities to launch the Zain University League within the Kingdom, seeing more than 300 up and coming gamers participate in various tournaments and workshops held in the recently established Zain Esports Lab within the Zain HQ offices. Jordan - Zain partnered with the First Jordan Gaming and Esports Summit, as well as being the main sponsor of the Jordanian Esports Federation- collaborating in multiple tournaments across the year. Zain Esports in Jordan holds regular activations at its new state-of-the-art venue, the Dome, in partnership with gamerg.gg, a Jordanian esports company specializing in tournament organization. Iraq - Zain Esports participated in the Esports World Cup 2024 Tekken 8 held in Riyadh, Saudi Arabia. Additionally, Zain Esports in Iraq was a strategic partner of the Iraq International Information & Telecommunication Technology Expo (ITEX), supporting its monthly events of esports tournaments. Malek Hammoud, Zain Group Chief Investment and Digital Officer said, “Gamers around the world are a passionate community, and in the Middle East this is no different. Zain remains committed to supporting the growth and development of this exciting, often youth-oriented activity, and we are extremely grateful to our partners and collaborators with whom we organize events, which capture the imagination and translate into successful opportunities for Zain Esports. All our stakeholders are impressed in how Zain Esports has evolved to become an integral part of the Zain’s data services across our footprint, with its popularity and reach having a positive impact on brand recognition and customer acquisition.” Beyond the brand and financial benefits accruing from participating in online gaming for the players, Zain’s activities in this area support operating companies to connect with the gaming community and provide data and similar high-value services. Spectators are also able watch the gaming and content live over Zain Esports social media channels, predominantly Twitch and YouTube, as well as over regular posts on Instagram, Facebook, Twitter, and LinkedIn. With the continual investments in 5G and FTTH network upgrades across its markets, Zain Esports will be empowered to offer more appealing activities and competitions in gaming during 2025 and beyond.
While the potential remake of "Need for Speed 9" is still in the consideration stage, the rumors have already generated excitement and speculation among gaming communities. Fans are eager to see how EA will approach modernizing this classic title and what new elements they may introduce to revitalize the experience. Whether it's revisiting iconic races, outmaneuvering the police, or cruising through dynamic open-world environments, the remake of "Need for Speed 9" has the potential to reignite the passion for high-octane racing in the hearts of players worldwide.
"We take the safety and security of our passengers very seriously," the statement read. "We are aware of the incident involving a mother and daughter carrying knives on board one of our trains, and we are working closely with the authorities to investigate the matter thoroughly."In the fast-paced world of self-improvement challenges, one man's journey stands out as a testament to the power of perseverance and the unexpected challenges that can arise along the way. A young man, determined to embrace self-discipline and transform his life, found himself thwarted time and time again by a seemingly simple obstacle - a reluctance to reveal his face to the world.