Trump joins Putin, Xi and Modi as the ‘four horsemen’ of global authoritarianism
Homewrecker: Young sets career-high with 22 assists, Hawks hand Cavaliers first loss in Cleveland
Tafara Gapare throws down 19 points and a highlight dunk, and Maryland beats Bucknell 91-67
NoneUS stocks rose Monday, with the Dow finishing at a fresh record as markets greeted Donald Trump's pick for treasury secretary, while oil prices retreated on hopes for a ceasefire between Israel and Hezbollah. The Dow climbed one percent to a second straight all-time closing high on news of the selection of hedge fund manager Scott Bessent to lead the critical economic policy position. A widely respected figure on Wall Street, Bessent is seen as being in favor of growth and deficit reduction policies and not known overly fond of trade tariffs. The market "breathed a sigh of relief" at Bessent's selection, said Art Hogan from B. Riley Wealth Management. But after an initial surge Monday, the gains in US equities moderated somewhat. While investors are enthusiastic about the possibility of tax cuts and regulatory relief under Trump, "we do have to face the potential for tariffs being a negative as well as a very tight market around immigration, which is not positive for the economy," Hogan said. Earlier, equity gains were limited in Europe as growth concerns returned to the fore with Germany's Thyssenkrupp announcing plans to cut or outsource 11,000 jobs in its languishing steel division. Currently around 27,000 people are employed in the steel division, which has been battered by high production costs and fierce competition from Asian rivals. Elsewhere, crude oil prices fell decisively as Israel's security cabinet prepared to decide whether to accept a ceasefire in its war with Hezbollah, an official said Monday. The United States, the European Union and the United Nations have all pushed in recent days for a truce in the long-running hostilities between Israel and Hezbollah, which flared into all-out war in late September. Speaking on condition of anonymity, an Israeli official told AFP the security cabinet "will decide on Tuesday evening on the ceasefire deal." And bitcoin's push toward $100,000 ran out of steam after coming within a whisker of the mark last week, on hopes that Trump would enact policies to bring the cryptocurrency more into the mainstream. Bitcoin was recently trading under $96,000, having set a record high of $99,728.34 Friday -- the digital currency has soared about 50 percent in value since Trump's election. This week's data includes a reading of consumer confidence and an update of personal consumption prices, a key inflation indicator. Those reporting earnings include Best Buy, Dell and Dick's Sporting Goods. New York - Dow: UP 1.0 percent at 44,736.57 (close) New York - S&P 500: UP 0.3 percent at 5,987.37 (close) New York - Nasdaq: UP 0.3 percent at 19,054.84 (close) London - FTSE 100: UP 0.4 percent at 8,291.68 (close) Paris - CAC 40: FLAT at 7,257.47 (close) Frankfurt - DAX: UP 0.4 percent at 19,405.20 (close) Tokyo - Nikkei 225: UP 1.3 percent at 38,780.14 (close) Hong Kong - Hang Seng Index: DOWN 0.4 percent at 19,150.99 (close) Shanghai - Composite: DOWN 0.1 percent at 3,263.76 (close) Euro/dollar: UP at $1.0495 from $1.0418 on Friday Pound/dollar: UP at $1.2564 from $1.2530 Dollar/yen: DOWN at 154.23 yen from 154.78 yen Euro/pound: UP at 83.51 pence from 83.14 pence West Texas Intermediate: DOWN 3.2 percent at $68.94 per barrel Brent North Sea Crude: DOWN 2.9 percent at $73.01 per barrel bur-jmb/dw
Newmont's Options Frenzy: What You Need to KnowIt always comes back to the same conversation about the Islanders, doesn’t it? For as well as they played for 50 minutes – and they did – an inability to hold the lead in the third period again was the deciding factor. The Red Wings scored twice in a span of two minutes, 33 seconds in the third period for a 4-2 win on Monday night at UBS Arena in the middle match of a three-game homestand. The Islanders (8-9-5) have blown third-period leads in four of their last five games. Dylan Larkin, sprung from the penalty box less than a minute earlier after the Islanders’ 0-for-3 power play could not capitalize on his tripping call, swept the puck past Semyon Varlamov (17 saves) to tie the game at 2-2 at 11:20 of the third period. Lucas Raymond deftly tipped defenseman Simon Edvinson’s shot from the left point at 13:53 for the winner. Edvinsson’s empty-netter with 2.4 seconds left clinched it. Raymond also scored the winner as the Red Wings (9-10-2) tallied twice in the final 4:46 to end the Islanders’ disappointing 1-2-2 road trip with a 2-1 defeat on Thursday. On the plus side, the Islanders’ penalty kill was a strong 3-for-3. The Islanders opened their homestand with a 3-1 win over the Blues – who promptly fired coach Drew Bannister in favor of Jim Montgomery – on Saturday as they held a third-period lead after failing to do so in their three previous games. It also exceeded their goal total from their previous two games. So they started strong against the Red Wings, taking the game’s first six shots and grabbing a 1-0 lead on Anders Lee’s one-timer from the left circle off Jean-Gabriel Pageau’s feed at 4:35 of the first period that marked the game’s first stoppage. Defenseman Noah Dobson’s secondary assist was his 200th career point. But Larkin finally took the Red Wings’ first shot at 12:21 and defenseman Mortiz Seider tied it on their second shot, a one-timer from the right circle off Andrew Copp’s feed from behind the crease at 13:25. Kyle Palmieri, who scored twice against the Blues, notched his 10th goal of the season to make it 2-1 at 7:42 of the second period, getting to the far post to knock in the rebound of defenseman Isaiah George’s initial shot from the left point that goalie Alex Lyon (29 saves) could not handle after Brock Nelson deflected the puck. It earned Nelson his 545th career point, moving him past John Tonelli and into sole possession of ninth on the Islanders’ all-time list. It was also the first career point for George, a 20-year-old rookie. Notes & quotes: The Islanders announced left wing Anthony Duclair (right leg/long-term injured reserve), hurt on Oct. 19, and defenseman Adam Pelech (jaw/injured reserve), who last played on Nov. 1, both have resumed skating on their own. Both were expected to miss four to six weeks... Defenseman Alexander Romanov was unable to play because of illness with Grant Hutton drawing into the lineup...Coach Patrick Roy said Ilya Sorokin would be back in net against the visiting Bruins on Wednesday night...Forward Hudson Fasching remained the healthy scratch...Patrick Kane (maintenance) was unavailable for the Red Wings. He scored the lone goal in the Red Wings’ 1-0 win in their first visit to UBS Arena on Oct. 22 despite the Islanders limiting them to 11 shots. Andrew Gross joined Newsday in 2018 to cover the Islanders. He began reporting on the NHL in 2003 and has previously covered the Rangers and Devils. Other assignments have included the Jets, St. John’s and MLB.
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