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How to fight Russian sabotage: With ‘psyops’ and undersea drones.INGLEWOOD, Calif. — The Ravens’ already struggling defense has suffered another blow. Inside linebacker Roquan Smith, who didn’t practice all week because of a hamstring injury, will not be available for Monday night’s critical AFC showdown against the Los Angeles Chargers. The two-time All-Pro was ruled out Monday after being listed as questionable earlier in the week. Smith, 27, is tied for the most tackles in the NFL with 110. It marks the first time he has missed a game because of injury since late in the 2019 season when he finished the year on injured reserve with a torn pectoral muscle while a member of the Chicago Bears. The defensive signal-caller on the first play of the fourth quarter of in Pittsburgh on Nov. 17 and did not return. How the Ravens will replace Smith remains to be seen. One option could be starting Malik Harrison and rotating in Chris Board. Defensive coordinator Zach Orr said last week the team would replace Smith by committee. “Not one person is going to replace Roquan,” Orr said. “Roquan’s an every-down linebacker [and] a top linebacker in this league [and] All-Pro for a reason. We like our guys that we have in the room. They got to step up, and we got to step up collectively as a defense, and that linebacker room [has] to step up collectively as a group.” Related Articles Even with Smith, the Ravens’ defense has not played to its usual standard. Baltimore is 26th in yards allowed per game (362) and 23rd in points allowed per game (24.6). The middle of the field has also been a weak spot, particularly against the pass, with the Ravens ranking last in passing yards allowed per game (284.5) and 27th in yards per pass (7.7). Other inactives for the Ravens are cornerback Arthur Maulet (calf), rookie safety Sanoussi Kane (ankle), outside linebacker David Ojabo, backup center Nick Samac (chest) and rookie running back Rasheen Ali. Center Tyler Linderbaum (back) and defensive tackle Travis Jones (ankle) are active after being listed as questionable. Inactive for the Chargers are linebacker Denzel Perryman (groin), cornerback Cam Hart (concussion/ankle), wide receiver D.J. Chark, running back Kimani Vidal, offensive linemen Brenden Jaimes and Jordan McFadden, and quarterback Easton Stick, who is the emergency third quarterback. Wide receiver Ladd McConkey (shoulder), outside linebackers Khalil Mack (groin) and Bud Dupree (foot), and safety AJ Finley (ankle) are active after being listed as questionable.
Boundary cameras are due to be deployed at all stadiums by end of yearNEW YORK (AP) — An early rebound for U.S. stocks on Thursday petered out by the end of the day, leaving indexes close to flat. The S&P 500 edged down by 0.1% following Wednesday’s tumble of 2.9% when the Federal Reserve said it may deliver fewer cuts to interest rates next year than earlier thought. The index had been up as much as 1.1% in the morning. The Dow Jones Industrial Average rose 15 points, or less than 0.1%, following Wednesday’s drop of 1,123 points, while the Nasdaq composite slipped 0.1%. This week’s struggles have taken some of the enthusiasm out of the market, which critics had been warning was overly buoyant and would need everything to go correctly for it to justify its high prices. But indexes remain near their records , and the S&P 500 is still on track for one of its best years of the millennium with a gain of 23%. Traders are now expecting the Federal Reserve to deliver just one or maybe two cuts to interest rates next year, according to data from CME Group. Some are even betting on none. A month ago, the majority saw at least two cuts in 2025 as a safe bet. Wall Street loves lower interest rates because they give the economy a boost and goose prices for investments, but they can also provide fuel for inflation. Micron Technology was one of the heaviest weights on the S&P 500 Thursday. It fell 16.2% despite reporting stronger profit for the latest quarter than expected. The computer memory company’s revenue fell short of Wall Street’s forecasts, and CEO Sanjay Mehrotra said it expects demand from consumers to remain weaker in the near term. It gave a forecast for revenue in the current quarter that fell well short of what analysts were thinking. Lamb Weston, which makes French fries and other potato products, dropped 20.1% after falling short of analysts’ expectations for profit and revenue in the latest quarter. It also cut its financial targets for the fiscal year, saying demand for frozen potatoes is continuing to soften, particularly outside North America. The company replaced its chief executive. Such losses helped overshadow a 14.7% jump for Darden Restaurants, the company behind Olive Garden and other chains. It delivered profit for the latest quarter that edged past analysts’ expectations. The operator of LongHorn Steakhouses also gave a forecast for revenue for this fiscal year that topped analysts’. Accenture rose 7.1% after the professional services company likewise topped expectations for profit in the latest quarter. CEO Julie Sweet said it saw growth around the world, and the company raised its forecast for revenue this fiscal year. Amazon shares added 1.3%, even as workers at seven of its facilities went on strike Thursday in the middle of the online retail giant’s busiest time of the year. Amazon says it doesn’t expect an impact on its operations during what the workers’ union calls the largest strike against the company in U.S. history. In the bond market, yields were mixed a day after shooting higher on expectations that the Fed would deliver fewer cuts to rates in 2025. Reports on the U.S. economy came in mixed. One showed the overall economy grew at a 3.1% annualized rate during the summer, faster than earlier thought. The economy has remained remarkably resilient even though the Fed held its main interest rate at a two-decade high for a while before beginning to cut them in September. A separate report showed fewer U.S. workers applied for unemployment benefits last week, an indication that the job market also remains solid. But a third report said manufacturing in the mid-Atlantic region is unexpectedly contracting again despite economists’ expectations for growth. The yield on the 10-year Treasury rose to 4.57% from 4.52% late Wednesday and from less than 4.20% earlier this month. But the two-year yield, which more closely tracks expectations for action by the Fed in the near term, eased back to 4.31% from 4.35%. The rise in longer-term yields has put pressure on the housing market by keeping mortgage rates higher. Homebuilder Lennar fell 5.2% after reporting weaker profit and revenue for the latest quarter than analysts expected. CEO Stuart Miller said that “the housing market that appeared to be improving as the Fed cut short-term interest rates, proved to be far more challenging as mortgage rates rose” through the quarter. “Even while demand remained strong, and the chronic supply shortage continued to drive the market, our results were driven by affordability limitations from higher interest rates,” he said. A report on Thursday may have offered some encouragement for the housing industry. It showed a pickup in sales of previously occupied homes. All told, the S&P 500 slipped 5.08 points to 5,867.08. The Dow Jones Industrial Average added 15.37 to 42,342.24, and the Nasdaq composite lost 19.92 to 19,372.77. In stock markets abroad, London’s FTSE 100 fell 1.1% after the Bank of England paused its cuts to rates and kept its main interest rate unchanged on Thursday. The move comes as inflation there moved further above the central bank’s 2% target rate, while the British economy is flatlining at best. The Bank of Japan also kept its benchmark interest rate unchanged, and Tokyo’s Nikkei 225 fell 0.7%. Indexes likewise sank across much of the rest of Asia and Europe. AP Business Writers Matt Ott and Elaine Kurtenbach contributed.FedEx will spin off its LTL trucking unit, FedEx Freight, into a separate, publicly traded company within the next 18 months, the parcel giant announced Thursday . The separation will allow for more customized operational execution along with more tailored investment and capital allocation, FedEx said, underscoring the differences between LTL and parcel shipping. Rival UPS sold its own LTL unit, UPS Freight, to TFI International in 2021. “This is the right time to pursue a separation as we respond to the unique dynamics of the LTL market,” said Raj Subramaniam, FedEx president and CEO, in the announcement. It’s not a total surprise: FedEx has been streamlining its operations and had hinted to investors in June a spinoff was possible. A board review of the unit’s role in its portfolio recommended the move, which FedEx promised to execute in a tax-efficient manner for stockholders. FedEx Freight boasts the largest real-estate network of any U.S. LTL carrier, with about 400 service centers, according to its website . The business has around 40,000 employees and 30,000 vehicles. “This announcement is a testament to the strength of the business our team has built, and to our dedication to doing what’s best for our customers, our team members, and our stockholders,” Subramaniam said. The two companies will maintain cooperation on key commercial, operational and technology initiatives, FedEx said. But the spinoff aims to create value for shareholders by running the LTL carrier as pure-play operation, a strategy competitor XPO followed in recent years with its spinoffs of its warehousing and other non-LTL properties. The goal is to avoid the “conglomerate discount,” a Wall Street concept that has driven corporate spinoffs across industries, as company leaders say their investors prefer more specific companies to big corporations. In FedEx’s case, a spinoff would allow shareholders to be more selective about which of its distinct businesses they invest in. “Through this process, we will unlock value for our Freight business and position FedEx to create even greater value for stockholders,” Subramaniam said.
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