king game888
7 tips to prepare for next year’s taxes nowWall Street bulls mounted a valiant effort and pushed the stock market sharply Friday on a double dose of encouraging news. But the rally was not enough to overcome Wednesday's Fed-driven plunge. The S&P 500 dropped for the second straight week, losing 2%, while the Dow Jones Industrial Average made it three down weeks in a row, with a loss of more than 2.2%. The Nasdaq posted a 1.8% weekly decline, breaking a four-week winning streak. Looking under the hood of the S&P 500, all sectors closed lower for the week, despite Friday's rally. Energy was the worst-performing sector followed by real estate and materials. Investors got several important updates this week that influenced markets — the most consequential being the Fed's 25-basis-point interest rate cut at the conclusion of its December two-day meeting on Wednesday afternoon. While the move was largely expected, the market took issue with the monetary policy committee's more hawkish outlook on rate cuts in 2025. The so-called dot plot, which illustrates central bankers' future rate expectations, pointed to a committee consensus that it will be appropriate to reduce rates only twice next year, half the number of moves indicated back in September. There is no denying that rate expectations are important, but we would caution Club members from allowing updates like this to weigh on investment decisions too heavily. While we now know who will sit in the White House come Inauguration Day on Jan. 20, and have since received more updates on inflation and the job market, nobody truly knows what 2025 will bring. There will be countless updates on inflation, rates, geopolitics, and more over the coming months, some of which we can see coming and some that will completely surprise us. The Fed, as it has been and as it should, will adjust its outlook accordingly. While we certainly don't want to fight the Fed, we also don't want to let every word out the mouth of a Fed official have us running to our brokerage account and making sweeping changes to our exposure. Rather, as long-term investors, we have the luxury of knowing that when the market might overreact to updates from the Fed or any other event, it can provide us with opportunities to buy shares in great companies with staying power. This is exactly what we did last week as the market got more and more oversold, according to our trusted S&P 500 Short Range Oscillator . In other words, keep focused on the fundamentals and use the volatility to your advantage. The other big update came Friday, with the cooler-than-expected personal consumption expenditures (PCE) price index, the Federal Reserve's favorite inflation gauge. Headline November PCE showed a 2.4% increase versus the 2.5% gain expected. Core PCE, excluding volatile food and energy prices, rose 2.8% year over year versus the 2.9% increase expected. While still above the Fed's 2% target inflation rate, the PCE data was just what the oversold market needed, and it was off to the races, turning sharp premarket losses into a powerful Friday rally. Helping the market take another leg higher, Chicago Fed President Austan Goolsbee told CNBC in a Friday interview that "rates come down a fair bit more" if the economic conditions over the last 18 months continue over the next 12 to 18 months. Goolsbee's comments soothed a nervous market following Wednesday's hawkish remarks from Fed Chairman Jerome Powell in his post-meeting news conference. Not to mention, if rates do remain higher for longer, that's not exactly a bad thing as it almost certainly means that the economy is still growing, and we would much rather be in a market contending with high rates because the economy is strong than a market benefiting from low rates because the economy is struggling to avoid a recession. In other economic news last week, November retail sales came in mixed, with the headline number outpacing expectations. The results, however, were short when stripping out automotive and gasoline sales. November's industrial production and capacity utilization were short versus expectations. The third and final read on third-quarter gross domestic product was better than estimates. On the release, the Bureau of Economic Analysis said the update GDP, measuring U.S. economic activity, "primarily reflected upward revisions to exports and consumer spending that were partly offset by a downward revision to private inventory investment. Imports, which are a subtraction in the calculation of GDP, were revised up." November housing starts disappointed, but November existing home sales edged out expectations. Within the portfolio, no companies reported earnings, however, we did initiate a new position in Goldman Sachs while trimming and downgrading Morgan Stanley to a 3 rating . As noted in Thursday's trade alert , we started making the switch because Goldman Sachs' exposure to investment banking is much more significant than Morgan Stanley's exposure — and if capital markets activity accelerates over the next few years as many analysts expect, we'll want to be invested with the highest quality investment bank. We also opted to trim and downgrade our position in Advanced Micro Devices to our 3 rating. While initially thinking AMD would prove a winner as it provides alternatives to Club name Nvidia , what we're seeing now is that Nvidia is even more deeply entrenched than we thought and when companies do look for alternatives, they're more so focused on custom chip solutions, like those made by Broadcom and Marvell Technology , than they are on general GPU alternatives. While we like Broadcom for the long haul, we did trim and downgrade the stock after it went parabolic after strong earnings the prior week. Looking ahead, it will be a light week with the stock market closing at 1 p.m. ET on Tuesday and closing all day on Wednesday for Christmas Day. That said, November new home sales are out Tuesday. Housing reports have been and will continue to be a key watch item for investors given that shelter cost inflation has proven extremely sticky and a key source of upward pressure on inflation, which is in turn keeping rates elevated. However, investors should take any positive update from Tuesday's report with a grain of salt. Mortgage rates rebounded following the Fed's rate announcement on Wednesday, and investors are going to be far more focused on figuring out what that means for home sales and affordability going forward than what's in this backward-looking release. (See here for a full list of the stocks in Jim Cramer's Charitable TrusT.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
Who Is the Best Five-Man Lineup in the NBA?
Detroit-area library says Chicago man can keep overdue baseball book — 50 years laterChiefs earned a rest after their third win in 11 days. For some, the rest could be 24 days
Riyadh : The Kingdom of Saudi Arabia (KSA) has deported more than 9,000 expatriates for residency, labour, and border law violations, from Thursday, December 12, to Wednesday, December 18. During this period, the Ministry of Interior (MoI) conducted inspection campaigns in the Kingdom to ensure compliance with regulations. The Kingdom recorded 20,159 violations, including: A total of 1,861 people were arrested while trying to cross the border into the Kingdom, of whom 65 percent were Ethiopians nationals, 33 percent were Yemeni, and 2 percent belonged to other nationalities while 112 people were arrested for trying to flee the Kingdom crossing borders. خلال أسبوع.. ضبط 20159 مخالفًا لأنظمة الإقامة والعمل وأمن الحدود. #وطن_بلا_مخالف pic.twitter.com/CaPaxDKcbv The security forces also arrested 17 people who were involved in transporting violators and giving them shelter. Currently, legal proceedings are being carried out against 29,540 offenders, comprising 26,411 men and 2,619 women. Around 20,337 were detained for violating laws and instructed to contact their countries’ embassies or consulates to obtain proper travel documentation; 3,425 were told to make booking arrangements for their departure, and 9,461 were deported. The ministry of interior has warned that a maximum prison sentence of 15 years will be imposed on anyone caught facilitating someone entering the kingdom, in violation of border security regulations, or shelter. The punishment includes a fine of up to one million Saudi Riyal, and the confiscation of one’s means of transport, the residence used for shelter, in addition to the publication of their names in the local media.
Premier League leaders Liverpool ruthlessly exploited another slip by their title rivals to move seven points clear with a match in hand after a 3-1 win over Leicester . Chelsea’s surprise defeat at home to Fulham earlier in the day had been an unexpected gift for Arne Slot’s side and they drove home their advantage by outclassing the struggling Foxes. Having overcome the early setback of conceding to Jordan Ayew , with even the travelling fans expressing their surprise they were winning away after taking just five points on the road this season, the home team had too much quality. That was personified by the excellent Cody Gakpo , whose eighth goal in his last 14 appearances produced the equaliser in first-half added time with the Netherlands international unlucky to have a second ruled out for offside by VAR. Further goals from Curtis Jones and Mohamed Salah , with his 19th of the season, stretched Liverpool’s unbeaten run to 22 matches. For Leicester, who had slipped into the bottom three after Wolves’ win over Manchester United, it is now one win from the last 10 in the league and Ruud van Nistelrooy has plenty of work to do, although he was not helped here by the absence of leading scorer Jamie Vardy through injury. It looked liked Liverpool meant business from the off with Salah’s volley from Gakpo’s far-post cross just being kept out by Jakub Stolarczyk, making his league debut after former Liverpool goalkeeper Danny Ward was omitted from the squad having struggled in the defeat to Wolves. But if the hosts thought that had set the tone they were badly mistaken after being opened up with such simplicity in only the sixth minute. Stephy Mavididi broke down the left and his low cross picked out Ayew, who turned Andy Robertson far too easily, with his shot deflecting off Virgil van Dijk to take it just out of Alisson Becker’s reach. With a surprise lead to cling to Leicester knew they had to quell the storm heading their way and they began by trying to take as much time out of the game as they could, much to Anfield’s frustration. It took a further 18 minutes for Liverpool to threaten with Gakpo cutting in from the left to fire over, a precursor for what was to follow just before half-time. That was the prompt for the attacks to rain down on the Foxes goal, with Salah’s shot looping up off Victor Kristiansen and landing on the roof of the net and Robertson heading against a post. Gakpo’s inclination to come in off the left was proving a problem for the visitors, doing their utmost to resist the pressure, but when Salah curled a shot onto the crossbar on the stroke of half-time it appeared they had survived. However, Gakpo once again drifted in off the flank to collect an Alexis Mac Allister pass before curling what is fast becoming his trademark effort over Stolarczyk and inside the far post. Early the second half Darwin Nunez fired over Ryan Gravenberch’s cross before Jones side-footed home Mac Allister’s cross after an intricate passing move inside the penalty area involving Nunez, Salah and the Argentina international. Leicester’s ambition remained limited but Patson Daka should have done better from a two-on-one counter attack with Mavididi but completely missed his kick with the goal looming. Nunez forced a save out of the goalkeeper before Gakpo blasted home what he thought was his second only for VAR to rule Nunez was offside in the build-up. But Liverpool’s third was eventually delivered by the left foot of Salah, who curled the ball outside Kristiansen, inside Jannick Vestergaard and past Stolarczyk inside the far post.
UK to Consider Comprehensive Regulatory Framework for Crypto SectorMEXICO CITY , Dec. 11, 2024 /PRNewswire/ -- Grupo Financiero Banorte (GFNorte) announces its commitment to drive the growth of one million trees in Mexico between 2025 and 2030, contributing to the Trillion Trees (1t.org) movement, initiated by the World Economic Forum (WEF). By joining the Trillion Trees movement (1t.org), Grupo Financiero Banorte becomes the first Mexican institution to make this commitment, reaffirming its responsibility for the health of our planet and future generations. In this regard, Carlos Hank-González, Chairman of Grupo Financiero Banorte, stated: " Our commitment to sustainability is a pledge to reforest Mexico . This alliance is an investment in planting life in Mexico and its communities, contributing to the well-being and prosperity of the country for this and future generations ." "We are delighted to welcome Grupo Financiero Banorte in conserving and restoring forests. This commitment will be the first of its kind from the private sector in Mexico , which will be a critical contribution to the collective work of the trillion trees platform over this decade. The private sector in Mexico has a catalytic role to play in climate action and ecosystem restoration." said Nicole Schwab , Co-Head of the Nature Positive Pillar at the World Economic Forum. To uphold its commitment, Grupo Financiero Banorte will promote, through the partners involved, a series of enabling activities that include developing nurseries and seedlings, education and training, community mobilization, youth engagement, and the use of technology and data management tools to monitor the progress of these actions. In this initiative, Grupo Financiero Banorte will collaborate with Reforestamos México, as well as other organizations in the country, to coordinate efforts for tree growth and to engage with local stakeholders, including indigenous peoples and local communities. According to the WEF, more than half of the global Gross Domestic Product—approximately $44 trillion—largely depends on nature, making the ongoing loss of natural capital and ecosystems a pressing environmental, social, and economic threat. Furthermore, forests are essential in the fight against climate change as they regulate global temperatures, support freshwater systems, recharge groundwater, anchor fertile soils, and provide habitats for countless species. This commitment is part of Grupo Financiero Banorte broader sustainability strategy, which includes being the first adopter in Mexico of the Taskforce on Nature-related Financial Disclosures (TNFD) framework to identify impacts, dependencies, risks, and opportunities related to nature. For additional information on the commitment, visit the following link: https://www.1t.org/pledges/one-million-trees-by-2030-renewing-the-earth-changing-the-future/ About Grupo Financiero Banorte: GFNorte is the largest financial institution in Mexico . It provides financial services to individuals and businesses through its banking, brokerage, fund management, insurance, pensions, leasing, factoring, warehousing, portfolio management, and remittance services via Uniteller. GFNorte also includes Afore XXI Banorte, the largest retirement fund administrator in the country by assets under management. GFNorte is a publicly traded company on the main index of the Mexican Stock Exchange and has more than 30,000 employees, 1,100 branches, 9,900 ATMs, 167,000 Point of Sale terminals, and 19,500 correspondents. LinkedIn: Grupo Financiero Banorte Twitter: @GFBanorte_mx Facebook: Grupo Financiero Banorte For more information, media contacts should reach out to the External Communications team: [email protected] Contact number: (55) 8471-7481 SOURCE Banorte