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With President-elect Donald Trump set to begin his second term in January, the stock market could be an important check on the decisions he ultimately makes. Trump's ability to enact new policies has been greatly enhanced with Republicans in full control of Congress, and he's already been exerting pressure on lawmakers to fall in line with his agenda. Those members of Congress . The market, therefore, might be an important counterbalance to Trump's control of Washington. If his past tenure as president is any indication, he will be alert and sensitive to negative market reactions to his policies. During Trump's first term, he showed that he viewed the stock market as a real-time indicator of how he was doing, taking credit when it was up and . Trump "demonstrated a keen focus on the stock market as a 'scorecard' for his administration's success," Mark Malek, chief investment officer at Siebert, told Business Insider. Perhaps the best example of this came on March 13, 2020. Trump sent the late Fox News host Lou Dobbs an autographed Yahoo! Finance chart of the Dow Jones Industrial Average, which had soared nearly 2,000 points that day in response to Trump . The moment demonstrated how Trump views the market's relationship to the president's performance, and observers say it's possible that if he were to announce or enact policies that spark a sharp decline in stocks, he could adjust his approach. Yardeni Research strategist Eric Wallerstein told Business Insider that certain policies that would add to the fiscal deficit and send bond investors into a panic might qualify as an event that could prompt a rethink from the administration. "Yields would blow out, the stock market would respond unkindly to that, and then maybe he would reverse course." That view echoed Jeremy Siegel's, with the Wharton professor noting shortly after the election that the President-elect will probably tread lightly when it comes to the markets. "Both the bond market and the stock market are going to be really big constraints on many of Trump's programs," Siegel said. This dynamic is top of mind for investors heading into next year given that some of Trump's campaign promises, like mass deportations of immigrants and on imports, could be met with dismay by stock investors. That's because economists say the proposals could spark a and limit the Federal Reserve's ability to keep cutting interest rates. "The market reaction is likely to be quite negative to a significant ratcheting up of tariffs," Sonu Varghese, global macro strategist at Carson Group, told Business Insider. "President Trump probably sees the stock market as a report card on his performance, and so presumably, a negative reaction in markets may prompt a tempering of proposals." For his part, Trump has said that his proposals would not influence US prices. "I am going to put tariffs on other countries coming into our country, and that has nothing to do with taxes to us. That is a tax on another country," he said in an August speech. There's another reason the stock market could serve as one of the few checks on Trump's power while in office next year: swings in the market could impact his own wealth. "Given Bloomberg's estimate of his net worth at approximately $6 billion, it is reasonable to assume that a portion of his wealth is sensitive to market movements. This financial exposure may further incentivize him to avoid policies that could destabilize the markets," Malek said. So, if Trump ultimately during his presidency, his campaign promises of massive tariffs and immigrant deportations may have to be watered down to avoid the collateral damage, sources said. "I think any president wants to enact policies that are good for the markets," Wallerstein said. Read the original article on
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CLEVELAND (AP) — Only the Cleveland Browns. Only a team beset by perpetual problems at quarterback for the better part of two decades can get a record-setting 497-yard, four-touchdown, jaw-dropping, where-did-that-come-from performance on Monday night from Jameis Winston — and still lose. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.
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Russian President Vladimir Putin said on Friday that Russia would keep testing its new Oreshnik hypersonic missile in combat and had a stock ready for use, while Ukraine said it was already at work to develop air systems to counter the weapon. Putin, 72, was speaking a day after Russia fired the new intermediate-range weapon into Ukraine for the first time, a step he said was prompted by Ukraine’s use of US ballistic missiles and British cruise missiles to hit Russia. Ukrainian President Volodymyr Zelensky said Kyiv was working with its Western partners to work out systems to counter “new risks.” Putin described the first use of Oreshnik (hazel tree) as a successful test, and said more would follow. “We will continue these tests, including in combat conditions, depending on the situation and the nature of the security threats that are created for Russia,” he said in televised comments to defense officials and missile developers. “Moreover, we have a stock of such products, a stock of such systems ready for use.” A US official, however, said the weapon Russia used was an experimental one. The official said Russia has a limited number of them and that this is not a capability that Russia is able to regularly deploy on the battlefield. Intermediate missiles have a range of 1,860-3,415 miles, which would enable them to strike anywhere in Europe or the western United States from Russia. Security experts said the novel feature of the Oreshnik missile was that it carried multiple warheads capable of simultaneously striking different targets – something usually associated with longer-range intercontinental ballistic missiles designed to carry nuclear warheads. Ukraine said the missile reached a top speed of more than 8,000 mph and took about 15 minutes to reach its target from its launch. The firing of the missile was part of a sharp rise in tensions this week as both Ukraine and Russia have struck each other’s territory with increasingly potent weapons. Moscow says that by giving the green light for Ukraine to fire Western missiles deep inside Russia, the U.S. and its allies are entering into direct conflict with Russia. On Tuesday, Putin approved policy changes that lowered the threshold for Russia to use nuclear weapons in response to an attack with conventional weapons. Zelensky, speaking in his nightly video address, has described Russia’s use of the new missile as an escalation. “On my behalf, the Minister of Defense of Ukraine is already holding meetings with our partners regarding new air defense systems capable of protecting lives from new risks,” he said. “When someone starts using other countries not only for terror, but also for testing their new missiles through acts of terror, then this is clearly an international crime.” Ukrainians, he said, had to remain vigilant. “We must be aware that ‘comrade’ Putin will keep trying to intimidate us,” he said. “That is how he built all his power.” The Kremlin said the firing of the Oreshnik was a warning to the West against taking further “reckless” actions and decisions in support of Ukraine. The Oreshnik was fired with conventional, not nuclear warheads. Putin said it was not a strategic nuclear weapon but its striking power and accuracy meant that its impact would be comparable, “especially when used in a massive group and in combination with other high-precision long-range systems.” He said the missile could not be shot down by an enemy. “I will add that there is no countermeasure to such a missile, no means of intercepting it, in the world today,” he said.”And I will emphasize once again that we will continue testing this newest system. It is necessary to establish serial production.”The standard Lorem Ipsum passage, used since the 1500s "Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum." Section 1.10.32 of "de Finibus Bonorum et Malorum", written by Cicero in 45 BC "Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt ut labore et dolore magnam aliquam quaerat voluptatem. Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam, nisi ut aliquid ex ea commodi consequatur? Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum fugiat quo voluptas nulla pariatur?" Thanks for your interest in Kalkine Media's content! To continue reading, please log in to your account or create your free account with us.
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Tel-Aviv, Israel, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Ellomay Capital Ltd. (NYSE American; TASE: ELLO) (“Ellomay” or the “Company”) , a renewable energy and power generator and developer of renewable energy and power projects in Europe, USA and Israel, today announced that it will hold an extraordinary general meeting of shareholders (the “ Meeting ”) at the Company’s offices at 18 Rothschild Boulevard, 1st Floor, Tel Aviv 6688121, Israel, on Thursday, January 30, 2025, at 3:00 p.m., Israel time, and thereafter as it may be adjourned or postponed from time to time. The agenda of the Meeting will be to approve the terms of service and compensation of Mr. Ben Sheizaf, the Company’s Chairman of the Board. Shareholders of record as of the close of business on December 30, 2024 will be entitled to vote at the Meeting or any adjournments or postponements thereof. The Company plans to mail a proxy statement that describes the proposal to be considered at the Meeting and a proxy card on or about December 31, 2024. A proxy statement and proxy card will also be furnished to the Securities and Exchange Commission on Form 6-K on or about December 23, 2024. The resolution to be presented at the Meeting requires the affirmative vote of holders of at least a majority of the ordinary shares voted at the Meeting on the matter presented for passage, in person or by proxy or via the electronic system of the Israel Securities Authority. Eligible shareholders may present proper proposals for inclusion in the Meeting by submitting their proposals to the Company no later than December 30, 2024. Shareholders may vote their ordinary shares by means of a proxy card, which is required to be received by the Company, along with the documentation set forth in the proxy statement, by 11:00 a.m., Israel time, on January 30, 2025 (four hours prior to the Meeting), to be counted for the Meeting, or through the electronic system of the Israel Securities Authority until six hours prior to the Meeting. About Ellomay Capital Ltd. Ellomay is an Israeli based company whose shares are listed on the NYSE American and the Tel Aviv Stock Exchange under the trading symbol “ELLO”. Since 2009, Ellomay Capital focuses its business in the renewable energy and power sectors in Europe, USA and Israel. To date, Ellomay has evaluated numerous opportunities and invested significant funds in the renewable, clean energy and natural resources industries in Israel, Italy, Spain, the Netherlands and Texas, USA, including: Approximately 335.9 MW of operating photovoltaic power plants in Spain (including a 300 MW photovoltaic plant in owned by Talasol, which is 51% owned by the Company) and approximately 20 MW of operating photovoltaic power plants in Italy; 9.375% indirect interest in Dorad Energy Ltd., which owns and operates one of Israel’s largest private power plants with production capacity of approximately 850MW, representing about 6%-8% of Israel’s total current electricity consumption; Groen Gas Goor B.V., Groen Gas Oude-Tonge B.V. and Groen Gas Gelderland B.V., project companies operating anaerobic digestion plants in the Netherlands, with a green gas production capacity of approximately 3 million, 3.8 million and 9.5 million Nm3 per year, respectively; 83.333% of Ellomay Pumped Storage (2014) Ltd., which is involved in a project to construct a 156 MW pumped storage hydro power plant in the Manara Cliff, Israel; A solar plant (18 MW) under construction in Italy; Solar projects in Italy with an aggregate capacity of 195 MW that have reached “ready to build” status; and Solar projects in the Dallas Metropolitan area, Texas, USA with an aggregate capacity of 49 MW that are under construction. For more information about Ellomay, visit http://www.ellomay.com . Information Relating to Forward-Looking Statements This press release contains forward-looking statements that involve substantial risks and uncertainties, including statements that are based on the current expectations and assumptions of the Company’s management. All statements, other than statements of historical facts, included in this press release regarding the Company’s plans and objectives, expectations and assumptions of management are forward-looking statements. The use of certain words, including the words “estimate,” “project,” “intend,” “expect,” “believe” and similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company may not actually achieve the plans, intentions or expectations disclosed in the forward-looking statements and you should not place undue reliance on the Company’s forward-looking statements. Various important factors could cause actual results or events to differ materially from those that may be expressed or implied by the Company’s forward-looking statements, including changes in electricity prices and demand, continued war and hostilities in Israel, regulatory changes, including extension of current or approval of new rules and regulations increasing the operating expenses of manufacturers of renewable energy in Spain, increases in interest rates and inflation, changes in the supply and prices of resources required for the operation of the Company’s facilities (such as waste and natural gas) and in the price of oil, the impact of continued military conflict between Russia and Ukraine, technical and other disruptions in the operations or construction of the power plants owned by the Company and general market, political and economic conditions in the countries in which the Company operates, including Israel, Spain, Italy and the United States. These and other risks and uncertainties associated with the Company’s business are described in greater detail in the filings the Company makes from time to time with Securities and Exchange Commission, including its Annual Report on Form 20-F. The forward-looking statements are made as of this date and the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Contact: Kalia Rubenbach (Weintraub) CFO Tel: +972 (3) 797-1111 Email: hilai@ellomay.com