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Major stock indexes we mixed on Wall Street in afternoon trading Monday, marking a choppy start to a holiday-shortened week. The S&P 500 rose 0.6%. The Dow Jones Industrial Average slipped 21 points, or 0.1% as of 2:22 p.m. Eastern time. The tech-heavy Nasdaq composite rose 1%. Gains in technology and communications stocks helped outweigh losses in consumer goods companies and elsewhere in the market. Semiconductor giant Nvidia, whose enormous valuation gives it an outsize influence on indexes, rose 3.6%. Broadcom jumped 5.7% to also help support the broader market. Walmart fell 2.2% and PepsiCo slid 1.3%. Japanese automakers Honda Motor and Nissan said they are talking about combining in a deal that might also include Mitsubishi Motors. U.S.-listed shares in Honda jumped 12.1% , while Nissan fell 0.9%. Eli Lilly rose 3.3% after announcing that regulators approved Zepbound as the first and only prescription medicine for adults with sleep apnea. Department store Nordstrom fell 1.7% after it agreed to be taken private by Nordstrom family members and a Mexican retail group in a $6.25 billion deal. The Conference Board said that consumer confidence slipped in December. Its consumer confidence index fell back to 104.7 from 112.8 in November. Wall Street was expecting a reading of 113.8. The unexpectedly weak consumer confidence update follows several generally strong economic reports last week. One report showed the overall economy grew at a 3.1% annualized rate during the summer, faster than earlier thought. The latest report on unemployment benefit applications showed that the job market remains solid. A report on Friday said a measure of inflation the Federal Reserve likes to use was slightly lower last month than economists expected. Worries about inflation edging higher again had been weighing on Wall Street and the Fed. The central bank just delivered its third cut to interest rates this year, but inflation has been hovering stubbornly above its target of 2%. It has signaled that it could deliver fewer cuts to interest rates next year than it earlier anticipated because of concerns over inflation. Expectations for more interest rate cuts have helped drive a 25% gain for the S&P 500 in 2024. That drive included 57 all-time highs this year. Inflation concerns have added to uncertainties heading into 2025, which include the labor market's path ahead and shifting economic policies under an incoming President Donald Trump. "Put simply, much of the strong market performance prior to last week was driven by expectations that a best-case scenario was the base case for 2025," said Brent Schutte, chief investment officer at Northwestern Mutual Wealth Management Company Treasury yields rose in the bond market. The yield on the 10-year Treasury rose to 4.59% from 4.53% late Friday. European markets were mostly lower, while markets in Asia gained ground. Wall Street has several other economic reports to look forward to this week. On Tuesday, the U.S. will release its November report for sales of newly constructed homes. A weekly update on unemployment benefits is expected on Thursday. Markets in the U.S. will close at 1 p.m. Eastern on Tuesday for Christmas Eve and will remain closed on Wednesday for Christmas.(CNN) — President-elect Donald Trump over the weekend suggested the US should retake the Panama Canal, an idea that was immediately rejected by the government of Panama, which has controlled the passage for decades. In social media posts and remarks to supporters, Trump accused Panama of charging the US “exorbitant rates” to use the canal and hinted at growing Chinese influence over the crucial waterway. “The fees being charged by Panama are ridiculous, especially knowing the extraordinary generosity that has been bestowed to Panama by the U.S.,” Trump wrote on Truth Social on Saturday. The US-built canal was opened in 1914 and controlled by the United States until a 1977 agreement provided for its eventual handover to Panama. The canal was jointly operated by both countries until the Panamanian government retained full control after 1999. Speaking to a crowd of young conservatives in Phoenix on Sunday, Trump said if the spirit of that agreement is not followed, “then we will demand that the Panama Canal be returned to the United States. So, to the officials of Panama, please be guided accordingly.” It’s not clear how seriously Trump is taking his threat to reclaim control over the canal, though the weekend was not the first time he has said the US is getting a raw deal. The president-elect has not clarified how he would force a sovereign, friendly country to cede its own territory. And the Panamanian government wants nothing to do with Trump’s suggestion. “As President, I want to express precisely that every square meter of the Panama Canal and its adjacent area belong to PANAMA, and will continue to be,” President José Raúl Mulino said in a statement Sunday. “The sovereignty and independence of our country are not negotiable,” he added. Before the canal’s completion, ships traveling between the east and west coasts of the Americas would have to sail around Cape Horn, on the southern tip of South America, adding thousands of miles and several months to their journeys. Creating a passageway that would shorten that trip had been an elusive goal of several empires that had colonies in the Americas. In the early 20th century, President Theodore Roosevelt made the completion of a passageway a priority. The territory was at the time controlled by the Republic of Colombia, but a US-supported revolt led to the separation of Panama and Colombia and the formation of the Republic of Panama in 1903. The US and the newly formed republic signed a treaty that year that gave the US control over a 10-mile strip of land to build the canal in exchange for financial reimbursement. The canal was completed in 1914, cementing the US’ status as an engineering and technological superpower, but it came at an enormous human cost. About 5,600 people were estimated to have died during US construction of the canal. The canal’s practicality was demonstrated during World War II, when it was used as a critical passageway for the Allied war effort between the Atlantic and Pacific oceans. But the relationship between the US and Panama slowly disintegrated over disagreements about control over the canal, treatment of Panamanian workers, and questions about whether the US and Panamanian flags should be flown jointly over the Canal Zone. Those tensions reached a peak on January 9, 1964, when anti-American riots led to several deaths in the Canal Zone and the brief severing of diplomatic relations between the two countries. Years of negotiations for a more equitable agreement led to two treaties during the administration of President Jimmy Carter. The agreements declared the canal neutral and open to all vessels and provided for joint US-Panamanian control of the territory until the end of 1999, when Panama would be given full control. “Because we have controlled a 10-mile-wide strip of land across the heart of their country and because they considered the original terms of the agreement to be unfair, the people of Panama have been dissatisfied with the treaty,” Carter said in remarks to Americans after the treaties were signed. “It was drafted here in our country and was not signed by any Panamanian.” The then-president added: “Of course, this does not give the United States any right to intervene in the internal affairs of Panama, nor would our military action ever be directed against the territorial integrity or the political independence of Panama.” Not everybody supported Carter’s plan. In a 1976 speech, then-presidential candidate Ronald Reagan said that “the people of the United States” are “the rightful owners of the Canal Zone.” Tensions over the canal deteriorated again in the late 1980s under the rule of Manuel Noriega, who was removed from power after the US invaded Panama as part of the “war on drugs.” Shortly after the Panamanians retained full control of the canal in 2000, shipping volume quickly exceeded the waterway’s capacity. A massive expansion project began in 2007 and was completed nearly a decade later. But the area around the canal has been experiencing severe droughts , leading to lower water levels that hindered its ability to function properly. Canal authorities have set restrictions on traffic and imposed higher fees to traverse the canal. Those fees appear to form one part of Trump’s issue with the canal. The president-elect on Sunday described them as “ridiculous” and “highly unfair, especially knowing the extraordinary generosity that has been bestowed to Panama, I say, very foolishly, by the United States.” Trump’s other claim, that China is seeking to exert more control over Panama and the Canal Zone, is not without merit. In 2017, Panama signed a joint communique that stressed it would not maintain any official ties with Taiwan, the self-governing democracy that China’s ruling Communist Party claims as its own territory. Since then, China’s influence in the area around the canal has grown . Responding to Trump’s remarks over the weekend, Mulino, the Panamanian president, said, “Rates are not a whim.” He also dismissed the idea that China exercised overt control over the canal. “The Canal has no control, direct or indirect, neither from China, nor from the European Community, nor from the United States or any other power,” Mulino said in his statement. Trump’s remarks are the latest example of the president-elect expressing his desire to obtain, or threatening to take or encroach on, territory belonging to a friendly foreign power. Since his election in November, Trump has taunted Canadian Prime Minister Justin Trudeau by suggesting his country should be made the 51st US state. During his first term, Trump repeatedly floated the idea of the US buying Greenland from Denmark. The island’s government said it is “not for sale.” But Trump does not seem to be dissuaded. Over the weekend, the president-elect resurrected the idea while announcing his pick for ambassador to Denmark. “For purposes of National Security and Freedom throughout the World, the United States of America feels that the ownership and control of Greenland is an absolute necessity,” Trump said while announcing the pick. The-CNN-Wire TM & © 2024 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.
LOS ANGELES (AP) — Eric Bieniemy's return to UCLA lasted only one season. The Bruins let go of Bieniemy on Thursday after fielding one of the nation's worst offenses this season. It didn't take head coach DeShaun Foster long to find a replacement. Indiana quarterbacks coach and co-offensive coordinator Tino Sunseri will become the new Bruins offensive coordinator, a person with knowledge of the decision told The Associated Press on condition of anonymity because the Bruins had not yet announced the decision. Sunseri spent one season at Indiana after following Hoosiers coach Curt Cignetti from James Madison. Cignetti and Sunseri worked together for four seasons, the first three with the Dukes, who made the most successful transition from FCS to FBS in history. Bieniemy was hired as associate head coach and offensive coordinator shortly after Foster was hired as head coach in February. Bieniemy was also on the Bruins staff from 2003-05 as running backs coach. Jason Fletcher, Bieniemy's agent, said in a statement that Bieniemy planned to stay only one season in Westwood and termed it a “mutual parting of the ways.” However, Bieniemy signed a two-year contract at UCLA and did have a retention bonus if he was on staff for the 2025 season. "After interviewing for head coaching jobs last year, he wanted to stay active and busy," Fletcher said. “So, he decided to go help out Deshaun Foster, who is like his little brother, at UCLA as opposed to sitting out a year.” Out of 134 Football Bowl Subdivision teams, UCLA was 117th in total offense (328.8 yards per game), 126th in scoring (18.4 points per game) and had the nation's fifth-worst rushing attack (86.6 yards per game). The Bruins — 5-7 in their first season in the Big Ten after qualifying for a bowl the last three years — were the sixth Power Five team since 2000 that didn't score at least 20 points in their first six games. Players also said early in the season that Bieniemy's scheme was difficult to grasp and that play calls could be too wordy. Bieniemy was a two-time Super Bowl champion offensive coordinator with the Kansas City Chiefs but his last two stops have not gone well. He was Washington's offensive coordinator in 2023 but was not retained after Ron Rivera was fired. Bieniemy said in an email to ESPN earlier this year that he was not fired by Washington and that he received NFL offers to coach running backs or be a passing game coordinator. However, when asked during UCLA's spring practice to explain those remarks or what his other job prospects were, he refused to do so. “What I’m going say is this: I’m here coaching at UCLA. All that other stuff, you could go talk to the Commanders. I’ll leave it just like that,” he said. Bieniemy wasn’t retained by new Commanders coach Dan Quinn, who replaced Rivera. Despite his success in Kansas City, Bieniemy hasn’t landed a heading coach job, even though he’s interviewed with more than half of the NFL’s 32 teams. Fletcher said: "The plan was always to return to the NFL in 2025, and he’s looking forward to the opportunities ahead.” Sunseri's immediate priority will be to stem any further losses to the transfer portal. Quarterback Justyn Martin — who was on track to compete for the starting job following the graduation of Ethan Garbers — and running back T.J. Harden have already entered the portal. At Indiana, Sunseri worked closely with Kurtis Rourke, a transfer from Mid-American Conference school Ohio. Rourke went on to have one of the best seasons in Hoosiers history as No. 9 Indiana (11-1, 8-1 Big Ten, No. 9 CFP) broke single-season school records for victories and conference wins and appears set to make its CFP debut in two weeks. Sunseri, like Cignetti, also coached previously at Alabama. Sunseri served as a graduate assistant for the Crimson Tide in 2019 and 2020 after previous stints at Florida State and Tennessee. The 35-year-old Sunseri also spent three seasons with the CFL’s Saskatchewan Roughriders, winning a Grey Cup title as a rookie in 2013 following his college career at Pittsburgh. Marot reported from Indianapolis. ___ 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-football
Watch the latest Kingdom Come: Deliverance 2 trailer to learn more about the story of Henry of Skalitz, and dive into the medieval world of this upcoming RPG sequel. Kingdom Come: Deliverance 2 follows Henry, a young man seeking justice for his murdered parents, as he embarks on an epic journey where his morality and integrity are tested. With blood feuds and political conspiracies unraveling, Henry’s choices will ultimately shape his destiny. Kingdom Come: Deliverance 2 will be available on PC, PS5 (PlayStation 5), and Xbox Series X|S on February 4, 2025.
New pro-European coalition approved in Romania amid period of political turmoilOn a day when the world woke up to a nightmare in progress, they were in the control roomHeat seekers
Following the recent election of Donald Trump as the next president of the U.S., the Biden administration is racing to approve huge quantities of green funding to ensure the U.S. gets the best chance possible at a green transition. The Biden government’s far-reaching climate policy, the Inflation Reduction Act (IRA), is under threat as President-elect Trump has repeatedly threatened to cut spending on renewable energy and clean tech in favour of greater fossil fuel production. The government is, therefore, racing to advance clean energy before Trump’s inauguration in January. The Loan Programs Office at the Department of Energy (DoE) is working to finalise as many loans as possible before the change of government in January, as its future looks uncertain. During Biden’s leadership, the office announced around $54 billion in loans or loan guarantees, which is just a small portion of its total lending power, for projects such as the and . However, the office has closed just $13.5 billion of the deals to date. Kennedy Nickerson, a former policy adviser to the loan programs office, , “They see the writing on the wall... They want to get out as much money as possible just to safeguard as much progress as they can.” Companies expecting a payout from the Loan Office are now worried that loans could be delayed or stopped under the new Trump administration. In addition to losing out on critical funds and threats to the advancement of the U.S. green transition, some company leaders believe that if their projects are delayed it leaves space for China to move ahead, which could be detrimental to U.S. geopolitical aims . Following the passing of the IRA in 2022, the Loan Programs Office was made responsible for the distribution of up to $400 million in funding. The office, which was established in 2009, has input from thousands of experts at the DoE, making it better prepared to assess green energy and clean tech projects than most commercial banks. Since Biden’s inauguration in January 2021, the office has approved $34 billion in loans for the electric vehicle (EV) and battery industries, aiming to counter China’s dominance in the global market. Funds have been awarded to battery manufacturers and automakers, to strengthen domestic EV and battery supply chains. It has also provided financing for several novel technologies to drive innovation that could help advance the U.S. green transition. The office is now racing to finalise various funding decisions for fear that Trump may attempt to halt green spending once in office. In his July Party , Trump stated his intention to DRILL, BABY, DRILL.” He said, “We will become Energy Independent, and even Dominant again. The United States has more liquid gold under our feet than any other Nation, and it’s not even close. The Republican Party will harness that potential to power our future.” During his first term in office, Trump and withdrew the U.S. from the , which it had joined in 2015. He also sought to establish more opportunities for new drilling on federal land and offshore drilling. Trump has been adamant about his intention to halt programmes and funding from the IRA. “My plan will terminate the Green New Deal, which I call the Green New Scam. Greatest scam in history, probably,” Trump in a September speech. He also plans to overturn on vehicles, , and household appliances. The rush to approve funds has been criticised by the opposition in recent weeks. A from three House Republicans addressed to the head of the Loan Programs Office, Jigar Shah, stated, “The last-minute drive to expedite loans exposes the federal government — and American taxpayers — to tremendous risk.” Shah responded by , “Our process remains the same... We continue to do everything with a fine-toothed comb. But right now, borrowers are sufficiently motivated to move more quickly.” The rush to finalise funding decisions started even before the November presidential election when the office recognised the potential shift in policy approach. In October, Katie Harris with BlueGreen Alliance, a coalition of union and environmental groups, , “The Biden-Harris administration is trying to get this money out the door and get it fully obligated.” Harris added, “It’s quite the undertaking.” By early September, $61 billion in climate funding had been awarded across several government departments, such as the Environmental Protection Agency, with much of it allocated this year. This figure does not include the significant that have been awarded. While it will be impossible to complete all the pending loans under the Loan Programs Office and other government agencies, the Biden administration is making a clear effort to distribute the funding as quickly as the bureaucratic process will allow to ensure that the U.S. is given the best possible chance at a green transition. By Felicity Bradstock for Oilprice.comRisk Management Market worth USD $51.95 Billion by 2032, Registering 15.4% CAGR: Allied Market Research
Seattle (7-5) at Arizona (6-6) Sunday, 4:05 p.m. EST, CBS BetMGM NFL Odds: Cardinals by 2 1/2. Series record: Seahawks lead 28-22-1. Against the spread: Seahawks 5-6-1, Cardinals 8-4. Last meeting: Seahawks beat Cardinals 16-6 on Nov. 24, 2024, in Seattle. Last week: Seahawks beat Chargers, 26-21; Cardinals lost to Vikings, 23-22. Seahawks offense: overall (16), rush (28), pass (2), scoring (15). Seahawks defense: overall (18), rush (21), pass (12), scoring (12). Cardinals offense: overall (11), rush (6), pass (22), scoring (17). Cardinals defense: overall (17), rush (13), pass (18), scoring (11). Turnover differential: Seahawks minus-6, Cardinals minus-1. Seahawks player to watch DT Leonard Williams has been one of the most dominant players in the league over the past two weeks. Williams had 2 1/2 sacks, four tackles for loss and three quarterback hits two weeks ago against the Cardinals. Williams sacked Aaron Rodgers twice and scored his first career touchdown on a 92-yard pick-6. Cardinals player to watch QB Kyler Murray has had some good moments over the past two games and completed 31 of 45 passes for 260 yards and a touchdown against the Vikings. But he also threw two interceptions in the fourth quarter which proved costly. Key matchup QB Geno Smith vs. Arizona's defense. Smith has had another solid season and now he'll face an Arizona defense that's been vastly improved over the past 1 1/2 months. The Cardinals have been much more productive in the pass rush with 23 sacks over the past six games. That ranks third in the NFL over that span. Key injuries Coach Mike Macdonald said he is optimistic that P Michael Dickson (back spasms) will be able to play this weekend, but bringing in another punter this week is “on the table.”.. LB Uchenna Nwosu has a chance to play this week. Nwosu missed the first four games of the season with a knee injury, then injured his thigh in his first game back in Week 5, and has been on injured reserve since. ... The Cardinals are relatively healthy. DLs Darius Robinson (calf) and Dante Stills (back) have been limited in practice this week. Series notes The Seahawks have won six straight games in the series going back to 2022. The Cardinals last won 23-13 on Nov. 21, 2021. The Cardinals haven't won at home against the Seahawks since 2020. Stats and stuff The Seahawks' next win will be the 400th in franchise history. ... Since Week 9, Seattle’s defense ranks fifth in the NFL with 17.5 points allowed per game, 299 yards allowed per game, and 84.3 rushing yards allowed per game, while ranking sixth in the league with 18.8 first downs allowed. ... The Seahawks have two pick-6s in the past two games, the first time the team has done so since 2012. ... The Seahawks have held three straight opponents to under 300 yards, and fewer than 100 rushing yards. ... Seattle has outscored its opponents by 37 points in the final two minutes of halves this season, the best in the NFL. .. WR DK Metcalf needs one receiving TD to pass Steve Largent for the most in a player’s first six seasons in franchise history with 47. ... Smith needs one 300-yard game to tie Russell Wilson for the most 300-yard games in a single season in franchise history with five. ... WR Jaxon Smith-Njigba Needs 171 yards for his first 1,000-yard season, and to become the 10th player in franchise history to reach that mark. ... Arizona has won three straight games at home. The Cardinals outscored those opponents 77-30 while scoring nine touchdowns and allowing none. ... TE Trey McBride has caught 12 passes in two straight games, which is the first time a tight end has had at least 12 receptions in two straight games in NFL history. ... Arizona's six losses have come to teams with a combined 55-18 record this season entering Week 14. ... S Budda Baker has 114 tackles this season, which ranks sixth in the league. ... McBride's caught 73 passes this season. He needs just nine more catches over the next five games to break his franchise record for a tight end. ... WR Marvin Harrison Jr. has caught seven TD passes this season, which leads all NFL rookies. ... The Cardinals have been flagged for 61 penalties this season, which is the fewest in the NFL. But the team was flagged 10 times in last week's loss to the Vikings. Fantasy tip Arizona's defense is a strong play at home. The Cardinals are giving up just 17 points per game at State Farm Stadium, which is second in the league behind Pittsburgh. ___ AP NFL: https://apnews.com/hub/nfl The Associated Press