Jimmy Carter had the longest post-presidency of anyone to hold the office, and one of the most active. Here is a look back at his life. 1924 — Jimmy Carter was born on Oct. 1 to Earl and Lillian Carter in the small town of Plains, Georgia. 1928 — Earl Carter bought a 350-acre farm 3 miles from Plains in the tiny community of Archery. The Carter family lived in a house on the farm without running water or electricity. 1941 — He graduated from Plains High School and enrolled at Georgia Southwestern College in Americus. 1942 — He transferred to Georgia Institute of Technology in Atlanta. 1943 — Carter’s boyhood dream of being in the Navy becomes a reality as he is appointed to the U.S. Naval Academy in Annapolis, Maryland. 1946 — He received his naval commission and on July 7 married Rosalynn Smith of Plains. They moved to Norfolk, Virginia. 1946-1952 — Carter’s three sons are born, Jack in 1947, Chip in 1950 and Jeff in 1952. 1962-66 — Carter is elected to the Georgia State Senate and serves two terms. 1953 — Carter’s father died and he cut his naval career short to save the family farm. Due to a limited income, Jimmy, Rosalynn and their three sons moved into Public Housing Apartment 9A in Plains. 1966 — He ran for governor, but lost. 1967 — Jimmy and Rosalynn Carter’s fourth child, Amy, is born. 1971 — He ran for governor again and won the election, becoming Georgia’s 76th governor on Jan. 12. 1974 — Carter announced his candidacy for president. 1976 — Carter was elected 39th president on Nov. 2, narrowly defeating incumbent Gerald Ford. Democratic presidential candidate Jimmy Carter embraces his wife Rosalynn after receiving the final news of his victory in the national general election, November 2, 1976. (Photo by Hulton Archive/Getty Images) New-elected President Jimmy Carter gives a press conference after being elected 39th President of the United States, on November 05, 1976 in Plains, Georgia. (Photo by GENE FORTE / CONSOLIDATED NEWS PICTURES / AFP) (Photo by GENE FORTE/CONSOLIDATED NEWS PICTURES/AFP via Getty Images) Supporters of Democratic presidential candidate Jimmy Carter hold up signs during a rally on may 15, 1976 in New York. – Carter was elected on December 21, 1976 39th President of the United States, 51% voice against 48% for incumbent Republican president Gerald Ford. (Photo by CONSOLIDATED NEWS / AFP) (Photo by -/CONSOLIDATED NEWS/AFP via Getty Images) Chief Justice Warren Burger administers the oath of office to Jimmy Carter (R), flanked by his wife Rosalynn, as the 39th President of the United Sates on January 20, 1977. (Photo by CONSOLIDATED NEWS / AFP) (Photo by -/CONSOLIDATED NEWS/AFP via Getty Images) Democratic presidential candidate Jimmy Carter embraces his wife Rosalynn after receiving the final news of his victory in the national general election, November 2, 1976. (Photo by Hulton Archive/Getty Images) 1978 — U.S. and the Peoples’ Republic of China establish full diplomatic relations. President Carter negotiates and mediates an accord between Egypt and Israel at Camp David. 1979 — The Department of Education is formed. Iranian radicals overrun the U.S. Embassy and seize American hostages. The Strategic Arms Limitations Treaty is signed. 1980 — On March 21, Carter announces that the U.S. will boycott the Olympic Games scheduled in Moscow. A rescue attempt to get American hostages out of Iran is unsuccessful. Carter was defeated in his bid for a second term as president by Ronald Reagan in November. 1981 — President Carter continues to negotiate the release of the American hostages in Iran. Minutes before his term as president is over, the hostages are released. 1982 — Carter became a distinguished professor at Emory University in Atlanta, and founded The Carter Center. The nonpartisan and nonprofit center addresses national and international issues of public policy. 1984 — Jimmy and Rosalynn Carter volunteer one week a year for Habitat for Humanity, a nonprofit organization that helps needy people in the United States and in other countries renovate and build homes, until 2020. He also taught Sunday school in the Maranatha Baptist Church of Plains from the mid-’80s until 2020. 2002 — Awarded the Nobel Peace Prize. 2015 — Carter announced in August he had been diagnosed with melanoma that spread to his brain. 2016 — He said in March that he no longer needed cancer treatment. 2024 — Carter dies at 100 years old. Sources: Cartercenter.org, Plains Historical Preservation Trust, The Associated Press; The Brookings Institution; U.S. Navy; WhiteHouse.gov, GallupNoneCM Fadnavis seeks tangible results through 100-day action plans of various ministries
Social media users are misrepresenting a Vermont Supreme Court ruling , claiming that it gives schools permission to vaccinate children even if their parents do not consent. The ruling addressed a lawsuit filed by Dario and Shujen Politella against Windham Southeast School District and state officials over the mistaken vaccination of their child against COVID-19 in 2021, when he was 6 years old. A lower court had dismissed the original complaint, as well as an amended version. An appeal to the U.S. Supreme Court was filed on Nov. 19. But the ruling by Vermont's high court is not as far-reaching as some online have claimed. In reality, it concluded that anyone protected under the Public Readiness and Emergency Preparedness Act, or PREP, Act is immune to state lawsuits. Here's a closer look at the facts. CLAIM: The Vermont Supreme Court ruled that schools can vaccinate children against their parents' wishes. THE FACTS: The claim stems from a July 26 ruling by the Vermont Supreme Court, which found that anyone protected by the PREP Act is immune to state lawsuits, including the officials named in the Politella's suit. The ruling does not authorize schools to vaccinate children at their discretion. According to the lawsuit, the Politella's son — referred to as L.P. — was given one dose of the Pfizer BioNTech COVID-19 vaccine at a vaccination clinic held at Academy School in Brattleboro even though his father, Dario, told the school's assistant principal a few days before that his son was not to receive a vaccination. In what officials described as a mistake, L.P. was removed from class and had a “handwritten label” put on his shirt with the name and date of birth of another student, L.K., who had already been vaccinated that day. L.P. was then vaccinated. Ultimately, the Vermont Supreme Court ruled that officials involved in the case could not be sued. “We conclude that the PREP Act immunizes every defendant in this case and this fact alone is enough to dismiss the case,” the Vermont Supreme Court's ruling reads. “We conclude that when the federal PREP Act immunizes a defendant, the PREP Act bars all state-law claims against that defendant as a matter of law.” The PREP Act , enacted by Congress in 2005, authorizes the secretary of the Department of Health and Human Services to issue a declaration in the event of a public health emergency providing immunity from liability for activities related to medical countermeasures, such as the administration of a vaccine, except in cases of “willful misconduct" that result in “death or serious physical injury.” A declaration against COVID-19 was issued on March 17, 2020. It is set to expire on Dec. 31. Federals suits claiming willful misconduct are filed in Washington. Social media users described the Vermont Supreme Court's ruling as having consequences beyond what it actually says. “The Vermont Supreme Court has ruled that schools can force-vaccinate children for Covid against the wishes of their parents,” reads one X post that had been liked and shared approximately 16,600 times as of Tuesday. “The high court ruled on a case involving a 6-year-old boy who was forced to take a Covid mRNA injection by his school. However, his family had explicitly stated that they didn't want their child to receive the ‘vaccines.’” Other users alleged that the ruling gives schools permission to give students any vaccine without parental consent, not just ones for COVID-19. Rod Smolla, president of the Vermont Law and Graduate School and an expert on constitutional law, told The Associated Press that the ruling “merely holds that the federal statute at issue, the PREP Act, preempts state lawsuits in cases in which officials mistakenly administer a vaccination without consent.” “Nothing in the Vermont Supreme Court opinion states that school officials can vaccinate a child against the instructions of the parent,” he wrote in an email. Asked whether the claims spreading online have any merit, Ronald Ferrara, an attorney representing the Politellas, told the AP that although the ruling doesn't say schools can vaccinate students regardless of parental consent, officials could interpret it to mean that they could get away with doing so under the PREP Act, at least when it comes to COVID-19 vaccines. He explained that the U.S. Supreme Court appeal seeks to clarify whether the Vermont Supreme Court interpreted the PREP Act beyond what Congress intended. “The Politella’s fundamental liberty interest to decide whether their son should receive elective medical treatment was denied by agents of the State and School,” he wrote in an email to the AP. “The Vermont Court misconstrues the scope of PREP Act immunity (which is conditioned upon informed consent for medical treatments unapproved by FDA), to cover this denial of rights and its underlying battery.” Ferrara added that he was not aware of the claims spreading online, but that he “can understand how lay people may conflate the court's mistaken grant of immunity for misconduct as tantamount to blessing such misconduct.” John Klar, who also represents the Politellas, went a step further, telling the AP that the Vermont Supreme Court ruling means that “as a matter of law” schools can get away with vaccinating students without parental consent and that parents can only sue on the federal level if death or serious bodily injury results. — Find AP Fact Checks here: https://apnews.com/APFactCheck .Chronister's withdrawal highlights how incoming presidents often lose Cabinet nominees
FACT FOCUS: Vermont ruling does not say schools can vaccinate children without parental consent
Sayona Mining and Piedmont Lithium have announced a US$623 million all-stock merger to create North America’s largest hard-rock lithium producer. The merger brings together the companies’ joint venture at the North American Lithium (NAL) project in Quebec. The project reached steady-state production in mid-2024 with a capacity to produce 226,000 tonnes of spodumene concentrate annually. NAL recently has undergone financial losses, which led to streamlined operations and cut costs. Sayona will become the parent company, with shareholders from both firms owning equal stakes in the merged entity. The business will have a primary listing on the Australian Securities Exchange and a secondary listing on the Nasdaq. The merge is expected to be completed in early 2025.Van Nistelrooy’s first game in charge ended with a 3-1 win over West Ham, thanks to goals from Jamie Vardy, Bilal El Khannouss and Patson Daka. The Dutchman, who was out of work for just two weeks following his four-game spell as Manchester United interim boss, only started on Sunday so was happy to end a hectic three days in style. “It has been very busy getting to know everyone, start working together,” he said. “Everybody was involved with that and helping, it was busy, long days, but worth it. I was focused on the game and what the game needed, the subs, the half-time talk, so focused on the moment, so I am going to get myself a little beer and reflect on the last three days.” He endured a dream start as Vardy scored after just 98 seconds with El Khannouss and Daka adding second-half goals. It was by no means one-way traffic, though, as West Ham – who scored a consolation through Niclas Fullkrug at the death – had 30 shots on goal. But Van Nistelrooy saw enough to think he can deliver on his objective of keeping the Foxes in the Premier League. “I am very happy, if you look at the result – and it is about the result – it was a great night, three points, three good goals and also very effective. Ruud at the wheel 🛞 pic.twitter.com/eVgIwWAcYw — Leicester City (@LCFC) December 3, 2024 “Overall the game of course we have seen and how dominant West Ham were at certain stages and what they created, that is a fact and something we have to look at. “Overall, what I expected of the players going forward was togetherness and hunger, energy and spirit in this team that is fighting for every inch. “Eleven players on the pitch who are fighting as a foundation to play the rest of the Premier League. I saw that completely with every single player that started and came on. “That’s the foundation we have to build on, without that it will be impossible to get where we want to go. I am very happy about that.” West Ham’s hierarchy will have seen what impact a managerial change can have as the jury remains out on Julen Lopetegui, with away fans making their feelings clear by chanting “You’re getting sacked in the morning”. Lopetegui expects to keep his job but forthcoming games against his former club Wolves, Bournemouth, Brighton and Southampton could determine the Spaniard’s future. “The only thing that I am worried about is to go to training session tomorrow and stand up the players and prepare the next challenge,” he said. “We have one month of December with a lot of matches and I am sure with this attitude we are going to achieve many more points. “I believe in the players. I am confident that tomorrow we are going to be ready to prepare the next match. “Understanding the question, but at the end of the season maybe we talk in another way. There are a lot of matches and points, a lot of things can happen. “I believe in these players and team, I am sure the position is going to be much better. They are only words but we have to work a lot to achieve this.”
Stocks down 1,991 points amid future contracts rollover pressure A stock broker watches share prices during a trading session at the Pakistan Stock Exchange (PSX) in the Provincial Capital on February 13, 2024. — Online KARACHI: Stocks fell 1,991 points on Thursday amid security concerns on the border and pressure on future contracts’ rollover. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1700472799616-0'); }); The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index decreased by 1,991.49 points or 1.77 per cent to 110,423.32 points against 112,414.81 points recorded in the last session. The highest index of the day remained at 112,480.6 points, while the lowest level was recorded at 109,858.88 points. Ahsan Mehanti, an analyst at Arif Habib Corp, said, “Stocks fell sharply lower amid political uncertainty, concerns over the cautious SBP policy easing and uncertainty over the outcome of slippages on tax collection [targets set by the IMF].” He said that pressure on future contracts’ rollover, weak rupee and foreign outflows played a catalyst role in the bearish activity. The KSE-30 index decreased by 730.12 points or 2.06 per cent to 34,778.04 points against 35,508.15 points. Traded shares decreased by 252 million shares to 628.026 million shares from 880.598 million shares. The trading value dropped to Rs33.582 billion from Rs54.455 billion. Market capital narrowed to Rs14.014 trillion against Rs14.251 trillion. Of the 450 companies active in the session, 113 closed in green, 284 in red and 53 remained unchanged. Analyst Naveed Nadeem at Topline Securities said that the benchmark index experienced a decline, closing the session at 110,423 points, down by 1,991 points or 1.77 per cent. “The market has been influenced by increased leverage and the expiry of December contracts,” he said. “Furthermore, the ongoing security concerns at the borders are affecting investor sentiment.”The primary drivers of the downward movement were FFC, OGDC, PPL, MARI and LUCK, which collectively accounted for an alarming 996 points of the index’s overall decline. The highest increase was recorded in Nestle Pakistan Limited, which rose by Rs198.81 to Rs7,430.81 per share, followed by Mitchells Fruit Farms Limited, which increased by Rs17.44 to Rs266.05 per share. A significant decline was noted in Unilever Pakistan Foods Limited, which fell by Rs232.6 to Rs20,767.41 per share; Rafhan Maize Products Company Limited followed it, which closed lower by Rs198.1 to Rs9,001.9 per share. Analyst Muhammad Hasan Ather at JS Global said, “This decline was driven by rising leverage, year-end portfolio adjustments and security concerns at the borders. Despite the bearish sentiment, the market’s trailing earnings yields suggest potential for above-average long-term returns.” He added, “Falling interest rates and lower returns on alternative investments indicate that equities will remain attractive, providing promising opportunities for investors moving forward.” Fauji Foods Ltd remained the volume leader with 93.341 million shares, which closed higher by Rs1.44 to Rs16.39 per share. WorldCall Telecom, with 49.879 million shares, followed it, which closed lower by 6 paisas to Rs1.72 per share. Other significant turnover stocks included TRG Pak Ltd, BO Punjab, Hascol Petrol, K-Electric Ltd., Silk Bank Ltd, Fauji Cement, Cnergyico PK and Pak Elektron. In the futures market, 303 companies recorded trading, 67 of which increased, 234 decreased, and 2 remained unchanged.
Traders work on the floor of the New York Stock Exchange, in New York City. NEW YORK - Wall Street stocks surged to fresh records Dec 4, extending a post-election rally on optimism about more interest rate cuts and for an artificial intelligence boom after strong Salesforce results. All three major indices scored records, led by the Dow Jones Industrial Average, which finished above 45,000 for the first time. “The market at this point is looking for excuses to go up, and there’s not really anything that might work against that narrative,” said Mr Steve Sosnick of Interactive Brokers. “Over the last couple of days, it’s managed to ignore all sorts of inconvenient things,” Mr Sosnick said of the market’s shrugging response to political upheaval in France and South Korea. The Dow Jones Industrial Average finished up 0.7 per cent at 45,014.04. The broad-based S&P 500 gained 0.6 per cent to 6,086.49, its fourth straight record, while the tech-rich Nasdaq Composite Index jumped 1.3 per cent to 19,735.12, its third straight record. Wednesday’s gains came after payroll firm ADP said US private-sector hiring in November came in at a lower-than-expected 146,000 jobs, while a survey from the Institute for Supply Management showed weaker sentiment than expected in the services sector. But the lacklustre data boosts expectations that the Federal Reserve will cut interest rates later in December. At a New York conference, Federal Reserve chairman Jerome Powell refrained from tipping his hand, but he “didn’t say anything that would scare the market,” said Briefing.com analyst Patrick O’Hare. Mr O’Hare noted that the Dec 4 gains were led by large tech names such as Nvidia and Microsoft, which are major AI players. The boost followed strong results from Salesforce, which was the biggest gainer in the Dow with an 11 per cent jump. AFP Join ST's Telegram channel and get the latest breaking news delivered to you. Read 3 articles and stand to win rewards Spin the wheel now
Timeline: Jimmy Carter, 1924-2024None
Manmohan Singh death: Sanjay Dutt, Sunny Deol and more celebrities express grief over demise of former Prime Minister
The foldable iPhone has been in the news for years, but has yet to make any of its efforts public. Meanwhile, Samsung and Huawei have dominated the foldable phone landscape, though demand isn’t exactly soaring at this point. More recently, rumors said that , describing the device as the catalyst the foldable niche needs to see meaningful growth in the coming years. Other leaks also said that Apple has settled on rather than the clamshell flip phone design. This brings us to a new report from Korea that claims the September 2026 release date for the foldable iPhone is confirmed. More interesting are the claims about the handset’s tech. Apparently, the foldable iPhone is expected to feature more advanced technology than anything we’ve seen so far from rivals. The details come from X leaker , who extracted it from a pay-walled article in the Korean-language news outlet . Sign up for the most interesting tech & entertainment news out there. By signing up, I agree to the and have reviewed the The leaker provided the following list of details about the foldable iPhone from the Korean source: Production: May 2026 Launch: September 2026 (almost confirmed) Form Factor: Book-style (similar to the Galaxy Fold) Annual Production Volume: 15–20 million units Display Supplier: Samsung Display (exclusive supplier) Technology: Expected to feature the most advanced technology, surpassing all existing foldables. There’s nothing groundbreaking here. If the foldable iPhone is coming in 2026, we’d expect it to enter production in the summer months preceding the September 2026 launch event. The phone’s Galaxy Z Fold-like design also makes sense, given the earlier claims we saw from a well-connected display analyst. As for the annual volume, 20 million foldable iPhone units would account for fewer than 10% of Apple’s annual iPhone sales. But I’ll point out that no smartphone vendor sells that amount of Fold-type foldable phones, not even Samsung. Also, it makes sense that Samsung Display would provide the foldable OLED panels for the so-called iPhone Fold. Samsung has been a big supplier of iPhone displays, and its foldable OLED panels are easily the best in the industry right now. The only thing surprising about the list is the unparalleled “advanced technology” claim. What could Apple do for a foldable iPhone that rivals can’t match? By the time this iPhone Fold launches, Samsung will have made eight Galaxy Z Fold generations that offered all sorts of upgrades over the years. The Korean giant approached foldable phone development more timidly than Chinese vendors, which is understandable after its big fumble with the first-gen model. After that, Samsung implemented features that rivals came up with first, like larger cover screens for the Flip and a thinner design for the Fold. During this time, Samsung improved the durability, design quality, and performance of its Galaxy Z Fold and Flip models. Samsung also made fun of Apple for not making a foldable iPhone over the years. With each campaign, it became clear that Samsung actually needed Apple to make a foldable iPhone. Apple entering this niche would make this form factor go mainstream in a way Samsung could never do on its own. Also, Samsung Display would benefit directly. The Apple magic? Back to Apple, I also expect Apple to deliver its own take on foldables, which would explain why it waited so long. Apple will say it did foldable phones right by focusing on specific things that aren’t available from competitors. But I can’t really see what these would be. One key feature I’d want to see from a foldable iPhone is the absence of the screen crease, though Samsung has to solve that first. I’d also expect advanced Face ID functionality, which could concern both the cover screen and the internal panel. Apple could also deliver new hinge mechanisms, better battery tech, and an iOS operating system that’s truly optimized for the tablet experience. Then there’s coming this year, which will set the stage for an ultra-slim foldable iPhone Fold device. Add the 2026 Apple Intelligence experience, and you’ve got the complete foldable iPhone package. While I’m speculating here, all these things sound like regular expectations from longtime iPhone users. Put them together, and you might end up with a foldable experience unlike anything else on the market. Apple will surely call it magical, and every rival will want to steal parts of it.
KANSAS CITY, Mo. (AP) — The Kansas City Chiefs earned a much-deserved extended rest after their Christmas Day rout of the Pittsburgh Steelers, which capped an unbeaten stretch of three games in 11 days and clinched them the No. 1 seed in the AFC playoffs . That extended rest? Well, it can be just about as long as Chiefs coach Andy Reid wants it to be. The Chiefs (15-1) face the Broncos in their regular-season finale next weekend, a game whose kickoff remains up in the air. But it will be at least 10 days after their 29-10 win in Pittsburgh, a nice rest for a weary team whose bye was back in Week 6. But with nothing to play for in that game, Reid could conceivably give some of his most important players the entire week off ahead of the playoffs. And now that the Chiefs have a first-round bye , that means they wouldn't face anybody until at least Jan. 18 in the divisional round, meaning a full 24 days between games. “It's been almost 10 weeks of football, grinding on this short schedule at the very end of the year,” Chiefs quarterback Patrick Mahomes said. “We'll see how Week 18 goes — who plays, who doesn't play. That's up to Coach. But having this break, getting healthy, getting ourselves ready for the playoffs, it was super important, especially with the guys we have banged up.” The Chiefs dominated the Steelers without four-time All-Pro defensive tackle Chris Jones, who was resting his sore calf on Wednesday. They also have not had cornerback Chamarri Conner, who has been out with a concussion, or D.J. Humphries, the former Pro Bowl left tackle who appeared in one game for Kansas City before straining his hamstring. All of them figure to be healthy for the playoffs. The same for guys who have been dealing with minor injuries, such as right tackle Jawaan Taylor, who played against the Steelers despite straining his hamstring the previous week against Houston, and running back Isiah Pacheco, who dinged up his ribs in the win in Pittsburgh. “It will definitely help with some of the guys that are banged up, to get guys back, freshened up a little bit,” said Reid, who has rested important players in Week 18 in the past, including last season against the Chargers. “I think it will be a positive for us.” The trick is to decide exactly how much rest to give everyone. For those dealing with injuries, that full 24-day span without a game could be exactly what they need. For others, it might be too long between games, and getting at least a half of play against the Broncos would help prevent some rust from setting in. “I was just talking to my family about it,” Chiefs cornerback Trent McDuffie said. “My rookie year, we were able to get, you know, all home games, and you just can't be out (on the road) in the playoffs. I mean, I'm excited to go out there. I know we got the first round, you know, off, but I mean, I can't wait to play now.” What’s working The Chiefs won the Super Bowl last season with a wide receiver group that — outside of Rashee Rice — was lacking in dynamic ability. But with the trade for DeAndre Hopkins, the return of Hollywood Brown from an injury and the emergence of rookie Xavier Worthy, the Chiefs have gone from a position of peril to one of profound strength. What needs help The Chiefs have struggled to the run the ball consistently the past few weeks. Pacheco gained just 18 yards on six carries before hurting his ribs against Pittsburgh, and Kareem Hunt was held to 20 yards on nine carries — a 2.2-yard average. Stock up Worthy has smashed through the rookie wall, just as Rice did at this point last season, and has proven to be more than a speedster. He had eight catches for 79 yards and a touchdown Wednesday, giving him at least five catches in each of his past five games. Stock down Pacheco has not been the same after missing more than two months to injury. He has been held to 55 yards rushing or fewer in each of his past five games, and he's averaging just 2.7 yards per carry over his past three. Injuries There were no significant injuries sustained against the Steelers. Key number 77 — Travis Kelce caught his 77th touchdown pass, breaking a tie with Hall of Famer Tony Gonzalez for the Chiefs record. Kelce finished with eight catches for 84 yards and a score against Pittsburgh, making him the third tight end in NFL history with at least 1,000 receptions. Gonzalez had 1,325 and Jason Witten had 1,228 while Kelce has 1,004 and counting. Next steps The Chiefs get the long weekend off before deciding who will play in Denver in their regular-season finale. ___ AP NFL: https://apnews.com/hub/nfl Dave Skretta, The Associated Press
Nation Mourns the Loss of Visionary Economist Manmohan SinghThe Associated Press NEW YORK (AP) — What a wonderful year 2024 has been for investors. U.S. stocks ripped higher and carried the S&P 500 to records as the economy kept growing and the Federal Reserve began cutting interest rates. The year featured many familiar winners, such as Big Tech, which got even bigger as their stock prices kept growing . But it wasn’t just Apple, Nvidia and the like. Bitcoin , gold and other investments also drove higher. Here’s a look at some of the numbers that defined the year. All are as of Dec. 20. Remember when President Bill Clinton got impeached or when baseball’s Mark McGwire hit his 70th home run against the Montreal Expos? That was the last time the U.S. stock market closed out a second straight year with a leap of at least 20%, something the S&P 500 is on track to do again this year. The index has climbed 24.3% so far this year, not including dividends, following last year’s spurt of 24.2%. The number of all-time highs the S&P 500 has set so far this year. The first came early, on Jan. 19, when the index capped a two-year comeback from the swoon caused by high inflation and worries that high interest rates instituted by the Federal Reserve to combat it would create a recession. But the index was methodical through the rest of the year, setting a record in every month outside of April and August, according to S&P Dow Jones Indices. The latest came on Dec. 6. The number of times the Federal Reserve has cut its main interest rate this year from a two-decade high, offering some relief to the economy. Expectations for those cuts, along with hopes for more in 2025, were a big reason the U.S. stock market has been so successful this year. The 1 percentage point of cuts, though, is still short of the 1.5 percentage points that many traders were forecasting for 2024 at the start of the year. The Fed disappointed investors in December when it said it may cut rates just two more times in 2025, fewer than it had earlier expected. That’s how many points the Dow Jones Industrial Average rose by the day after Election Day, as investors made bets on what Donald Trump’s return to the White House will mean for the economy and the world . The more widely followed S&P 500 soared 2.5% for its best day in nearly two years. Aside from bitcoin, stocks of banks and smaller winners were also perceived to be big winners. The bump has since diminished amid worries that Trump’s policies could also send inflation higher. The level that bitcoin topped to set a record above $108,000 this past month. It’s been climbing as interest rates come down, and it got a particularly big boost following Trump’s election. He’s turned around and become a fan of crypto, and he’s named a former regulator who’s seen as friendly to digital currencies as the next chair of the Securities and Exchange Commission, replacing someone who critics said was overly aggressive in his oversight. Bitcoin was below $17,000 just two years ago following the collapse of crypto exchange FTX. Gold’s rise for the year, as it also hit records and had as strong a run as U.S. stocks. Wars around the world have helped drive demand for investments seen as safe, such as gold. It’s also benefited from the Fed’s cut to interest rates. When bonds are paying less in interest, they pull away fewer potential buyers from gold, which pays investors nothing. It’s a favorite number of Elon Musk, and it’s also a threshold that Tesla’s stock price passed in December as it set a record. The number has a long history among marijuana devotees, and Musk famously said in 2018 that he had secured funding to take Tesla private at $420 per share . Tesla soared this year, up from less than $250 at the start, in part because of expectations that Musk’s close relationship with Trump could benefit the company. That’s how much revenue Nvidia made in the nine months through Oct. 27, showing how the artificial-intelligence frenzy is creating mountains of cash. Nvidia’s chips are driving much of the move into AI, and its revenue through the last nine months catapulted from less than $39 billion the year before. Such growth has boosted Nvidia’s worth to more than $3 trillion in total. GameStop’s gain on May 13 after Keith Gill, better known as “Roaring Kitty,” appeared online for the first time in three years to support the video game retailer’s stock, which he helped rocket to unimaginable heights during the “ meme stock craze ” in 2021. Several other meme stocks also jumped following his post in May on the social platform X, including AMC Entertainment. Gill later disclosed a sizeable stake in the online pet products retailer Chewy, but he sold all of his holdings by late October . That’s how much the U.S. economy grew, at annualized seasonally adjusted rates, in each of the three first quarters of this year. Such growth blew past what many pessimists were expecting when inflation was topping 9% in the summer of 2022. The fear was that the medicine prescribed by the Fed to beat high inflation — high interest rates — would create a recession. Households at the lower end of the income spectrum in particular are feeling pain now, as they contend with still-high prices. But the overall economy has remained remarkably resilient. This is the vacancy rate for U.S. office buildings — an all-time high — through the first three quarters of 2024, according to data from Moody’s. The fact the rate held steady for most of the year was something of a win for office building owners, given that it had marched up steadily from 16.8% in the fourth quarter of 2019. Demand for office space weakened as the pandemic led to the popularization of remote work. That’s the total number of previously occupied homes sold nationally through the first 11 months of 2024. Sales would have to surge 20% year-over-year in December for 2024’s home sales to match the 4.09 million existing homes sold in 2023, a nearly 30-year low. The U.S. housing market has been in a sales slump dating back to 2022, when mortgage rates began to climb from pandemic-era lows. A shortage of homes for sale and elevated mortgage rates have discouraged many would-be homebuyers.
Azerbaijani and US officials believe a Russian surface-to-air missile caused the deadly crash of an Azerbaijani passenger jet, media reports and a US official said Thursday, as the Kremlin cautioned against "hypotheses" over the disaster. The Azerbaijan Airlines jet crashed near the Kazakh city of Aktau, an oil and gas hub, on Wednesday after going off course for undetermined reasons. Thirty-eight of the 67 people on board died. The Embraer 190 aircraft was supposed to fly northwest from the Azerbaijani capital Baku to the city of Grozny in Chechnya, southern Russia, but instead diverted far off course across the Caspian Sea. An investigation is underway, with pro-government Azerbaijani website Caliber citing unnamed officials as saying they believed a Russian missile fired from a Pantsir-S air defence system downed the plane. The claim was also reported by The New York Times, broadcaster Euronews and the Turkish news agency Anadolu. Some aviation and military experts said the plane might have been accidentally shot by Russian air defence systems because it was flying in an area where Ukrainian drone activity had been reported. A former expert at France's BEA air accident investigation agency said there appeared to be "a lot of shrapnel" damage on the wreckage. Speaking on condition of anonymity, he said the damage was "reminiscent" of Malaysia Airlines flight MH17, which was downed with a surface-to-air missile by Russia-backed rebels over eastern Ukraine in 2014. Kremlin spokesman Dmitry Peskov told reporters: "It would be wrong to make any hypotheses before the investigation's conclusions." Euronews cited Azerbaijani government sources as saying that "shrapnel hit the passengers and cabin crew as it exploded next to the aircraft mid-flight". A US official, speaking on condition of anonymity, also said early indications suggested a Russian anti-aircraft system struck the plane. Kazakhstan news agency Kazinform cited a regional prosecutor as saying that two black-box flight recorders had been recovered. Azerbaijan Airlines initially said the plane flew through a flock of birds, before withdrawing the statement. Kazakh officials said 38 people had been killed and there were 29 survivors, including three children. Jalil Aliyev, the father of flight attendant Hokume Aliyeva, told AFP that this was supposed to have been her last flight before starting a job as a lawyer for the airline. "Why did her young life have to end so tragically?" the man said in a trembling voice before hanging up the phone. Eleven of the injured are in intensive care, the Kazakh health ministry said. Azerbaijani President Ilham Aliyev declared Thursday a day of mourning and cancelled a planned visit to Russia for an informal summit of the Commonwealth of Independent States (CIS), a grouping of former Soviet nations. "I extend my condolences to the families of those who lost their lives in the crash... and wish a speedy recovery to the injured," Aliyev said in a social media post Wednesday. The Flight Radar website showed the plane deviating from its normal route, crossing the Caspian Sea and then circling over the area where it eventually crashed near Aktau, on the eastern shore of the sea. Kazakhstan said the plane was carrying 37 Azerbaijani passengers, six Kazakhs, three Kyrgyz and 16 Russians. A Kazakh woman told the local branch of Radio Free Europe/Radio Liberty (RFE/RL) she was near where the plane crashed and rushed to the site to help survivors. "They were covered in blood. They were crying. They were calling for help," said the woman, who gave her name as Elmira. She said they saved some teenagers. "I'll never forget their look, full of pain and despair," said Elmira. "A girl pleaded: 'Save my mother, my mother is back there'." Russian President Vladimir Putin held a phone conversation with Aliyev and "expressed his condolences in connection with the crash", Peskov told a news conference. bur/rlp/jsTrump names billionaire private astronaut as next NASA chief