Stocks closed higher on Wall Street as the market posted its fifth straight gain and the Dow Jones Industrial Average notched another record high. The S&P 500 rose 0.3%. The benchmark index’s 1.7% gain for the week erased most of its loss from last week. The Dow rose 1% as it nudged past its most recent high set last week, and the Nasdaq composite rose 0.2%. Markets have been volatile over the last few weeks, losing ground in the runup to elections in November, then surging following Donald Trump's victory, before falling again. The S&P 500 has been steadily rising throughout this week to within close range of its record. It's now within about 0.5% of its all-time high set last week. “Overall, market behavior has normalized following an intense few weeks,” said Mark Hackett, chief of investment research at Nationwide, in a statement. Several retailers jumped after giving Wall Street encouraging financial updates. Gap soared 12.8% after handily beating analysts' third-quarter earnings and revenue expectations, while raising its own revenue forecast for the year. Discount retailer Ross Stores rose 2.2% after raising its earnings forecast for the year. EchoStar fell 2.8% after DirecTV called off its purchase of that company's Dish Network unit. Smaller company stocks had some of the biggest gains. The Russell 2000 index rose 1.8%. A majority of stocks in the S&P 500 gained ground, but those gains were kept in check by slumps for several big technology companies. Nvidia fell 3.2%. Its pricey valuation makes it among the heaviest influences on whether the broader market gains or loses ground. The company has grown into a nearly $3.6 trillion behemoth because of demand for its chips used in artificial-intelligence technology. Intuit, which makes TurboTax and other accounting software, fell 5.7%. It gave investors a quarterly earnings forecast that fell short of analysts’ expectations. Facebook owner Meta Platforms fell 0.7% following a decision by the Supreme Court to allow a multibillion-dollar class action investors’ lawsuit to proceed against the company. It stems from the privacy scandal involving the Cambridge Analytica political consulting firm. All told, the S&P 500 rose 20.63 points to 5,969.34. The Dow climbed 426.16 points to 44,296.51, and the Nasdaq picked up 42.65 points to close at 2,406.67. European markets closed mostly higher and Asian markets ended mixed. Crude oil prices rose. Treasury yields held relatively steady in the bond market. The yield on the 10-year Treasury fell to 4.41% from 4.42% late Thursday. In the crypto market, hovered around $99,000, according to CoinDesk. It has more than doubled this year and first surpassed the $99,000 level on Thursday. Retailers remained a big focus for investors this week amid close scrutiny on consumer spending habits headed into the holiday shopping season. Walmart, the nation's largest retailer, reported a quarter of strong sales and gave investors an encouraging financial forecast. Target, though, reported weaker earnings than analysts' expected and its forecast disappointed Wall Street. Consumer spending has fueled economic growth, despite a persistent squeeze from inflation and high borrowing costs. Inflation has been easing and the Federal Reserve has started trimming its benchmark interest rates. That is likely to help relieve pressure on consumers, but any major shift in spending could prompt the Fed to reassess its path ahead on interest rates. Also, any big reversals on the rate of inflation could curtail spending. Consumer sentiment remains strong, according to the University of Michigan's consumer sentiment index. It revised its latest figure for November to 71.8 from an initial reading of 73 earlier this month, though economists expected a slight increase. It's still up from 70.5 in October. The survey also showed that consumers' inflation expectations for the year ahead fell slightly to 2.6%, which is the lowest reading since December of 2020. Wall Street will get another update on how consumers feel when the business group The Conference Board releases its monthly consumer confidence survey on Tuesday. A key inflation update will come on Wednesday when the U.S. releases its October personal consumption expenditures index. The PCE is the Fed's preferred measure of inflation and this will be the last PCE reading prior to the central bank's meeting in December.
NoneIn a significant development, India and Kuwait have elevated their bilateral relationship to a strategic partnership. This progression follows an important meeting between Indian Prime Minister Narendra Modi and Kuwaiti Emir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah held on Sunday at the majestic Bayan Palace. The extensive discussions focused on fostering deeper ties in several key sectors such as information technology, pharmaceuticals, fintech, infrastructure, and security. Modi expressed gratitude towards the Kuwaiti leadership for ensuring the well-being of over one million Indians residing in the Gulf nation, highlighting their important role in Kuwait's development journey. During the talks, both leaders recalled the historical friendship between their countries, emphasizing a commitment to further cooperation. The meeting marks the first visit of an Indian Prime Minister to Kuwait in 43 years, underscoring the strategic importance of this renewed partnership. (With inputs from agencies.)
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viewers called a "queen" and a "superwoman" for "smashing" the bushtucker trial which quit. The dancer earned eight out of nine stars in the Egyptian sarcophagus trial the Radio 1 presenter quit by saying "I'm A Celebrity... Get Me Out Of Here!" Mabuse remained calm throughout the trial, in which McCullough screamed and gave up after two questions. Afterwards she humbly said she had got "redemption for Dean" by completing the trial. Fans were in awe of Mabuse's strength and calm during the trial and for winning so many meals for the camp. Mabuse, 34, correctly answered a series of Egypt-theme trivia questions while trapped in a sarcophagus with her legs and body buried in sand and her head covered in live mealworms, crickets, beetles, cockroaches, scorpions beach, worms and green ants. Before covering her head with beetles hosts asked her: "This is where Dean quit the trial by calling 'I'm A Celebrity... Get Me Out Of Here!', do you want to continue." Mabuse remained calm and still throughout the trial, answering the questions thoughtfully and catching stars in her mouth before posting them though an opening in the box around her head. Only when the trial was over did she allow herself to scream and try to shake the insects and creepy crawlies from her hair. She squealed: "Oh my God! There is something in there! Do you know what, my worst nightmare. The ants bite you. The worms crawl up your nose. Aaaaaah!" Afterwards she said: "I got only eight, but that's still pretty good. I'm proud of myself. I got redemption for Dean and I hope he's proud wherever he is with his pina colada in his bubble bath." The sarcophagus trial was and he quit after two questions, only to be helped out of the box shaking by Ant and Dec. Viewers were left in awe of Mabuse's stoic performance and hailed her as a hero. One on social media platform X: "Oti is smashing this. Shows how dramatic Dean was giving up so easily #ImACeleb" Another : "I mean this sarcophagus trial isn’t massively scary... Oti mate. You are a SUPERWOMAN!!" One : "Oti’s composure needs to be studied. She is smashing this challenge #ImACeleb" And another : "Oti is literally a machine! #getitgirl #ImACeleb #ImACelebity" Someone else on Blue Sky: "Not doing a dean, over attention seeking over top drama loads of screaming ... Oti just totally determined ...oh yes!!!! She deserves to be in the final!!!! #ImACeleb" And another viewer : "This trial is HORRIFIC Oti you are a queen #ImACeleb" Another : "OTI THE QUEEN TAKE A BOW GIRL #imaceleb"Sydney teen banned from attending his school formal after wearing a Palestinian scarf to his...
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BATON ROUGE, La. (AP) — Louisiana’s GOP-dominated legislature passed tax cuts on personal and corporate income on Friday in exchange for a statewide sales tax increase, a mixed bag of success for Gov. Jeff Landry, whose original tax revision plans faced mounting resistance from lawmakers and lobbyists amid hard fiscal realities . The final passage of the bulk of Landry's proposed measures winds down a special legislative session called Nov. 6 by the governor and his allies. They said their purpose was to make the state’s tax code more business friendly, bring jobs and reverse trends of outward migration from the state. It was the third special legislative session called by Landry, a Republican, since he assumed office in January. The package of legislation includes a permanent $2,000 raise for teachers and doubles standard deductions for residents aged 65 and older. It raises the state sales tax to 5%, while granting Landry’s wish for lower personal and corporate income tax rates. It repeals the 0.275% corporate franchise tax, a levy on businesses operating on the state worth more than $500 million in annual revenue. The state's new corporate income tax rate will be a flat 5.5%, reducing the highest tier from 7.5%. Landry had wanted a 3.5% flat rate. Lawmakers approved a flat 3% individual income tax rate and nearly tripled the standard deduction for individuals. Previously, the personal income tax rate had stood at 4.25% for individuals earning $50,000 or more. “What I’m very confident in is that everyone’s going to have more money in their pocket at the end of the day with the personal income tax reductions,” said Republican Rep. Julie Emerson, who spearheaded legislation to flatten the income tax rate. With the personal income tax reductions reducing annual revenue by $1.3 billion, Landry’s original plan had called for applying sales taxes to dozens of services like car-washing, dog-grooming and lobbying. He also sought to eliminate large tax incentives for the restoration of historic buildings and the film industry. Those proposals were defeated, leading to a bigger sales tax hike than Landry initially proposed. Louisiana already had the highest combined state and average local sales tax in the country at 9.56%, according to the Tax Foundation, a think tank favored by conservatives. ___ Associated Press writer Kevin McGill contributed to this report. ___ _____ Brook is a corps member for The Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues. Follow Brook on the social platform X: @jack_brook96 Jack Brook, The Associated PressIndia Kuwait elevate ties to strategic partnership following PM Modi's talks with top Kuwaiti leadership
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RICHMOND, Va. (AP) — Jaden Green and Geoffrey Jamiel scored on long plays in the fourth quarter and unseeded Lehigh rallied to defeat No. 9 Richmond 20-16 on Saturday in a first-round game of the FCS playoffs. Lehigh advances to a second-round game at eighth-seeded Idaho on Dec. 7. The Mountain Hawks trailed 16-7 early in the fourth quarter after Richmond's Sean Clarke scored on a 7-yard pass from Camden Coleman. Green dashed 65 yards for a touchdown on the next play from scrimmage and Lehigh trailed 16-14 with 10 1/2 minutes remaining. The Mountain Hawks (9-3) forced a three-and-out, then Jamiel and Hayden Johnson connected on a 56-yard pass play for the go-ahead touchdown. The Spiders were stopped short of midfield on their final drive but nearly came up with a huge play when Lehigh's Quanye Veney muffed the punt at his own 14-yard line. Ignatious Williams recovered the loose ball for Lehigh to preserve the win. Johnson completed 14 of 18 passes for 199 yards. Jamiel caught 10 for 137 yards. Coleman was 24-of-37 passing for 199 yards. Zach Palmer-Smith had 107 yards rushing for Richmond (10-3). Richmond had 249 yards of total offense in the first half but managed only three short field goals by Sean O'Haire. The scoring drives were 76, 70 and 64 yards and Richmond controlled the ball for nearly 21 minutes in the first half. Lehigh took a 7-6 lead on Johnson's 7-yard TD pass to Logan Galletta, but the Spiders answered with O'Haire's third field goal for a 9-7 halftime lead. This is 13-time Patriot League champion Lehigh's first playoff appearance since 2017. Lehigh and Richmond will have a rematch in the 2025 season opener at Lehigh. It will be Richmond's debut as a member of the Patriot League. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-footballWicked dolls porn site packaging error sparks LAWSUIT against Mattel by outraged South Carolina mom