NEW YORK , Nov. 26, 2024 /PRNewswire/ -- Report on how AI is driving market transformation - The global regtech market market size is estimated to grow by USD 25.2 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 25.89% during the forecast period. Need for identifying financial crime is driving market growth, with a trend towards integration of ai with regtech. However, lack of skilled workforce poses a challenge. Key market players include ACTICO GmbH, GB Group plc, Ascent Technologies Inc., Broadridge Financial Solutions Inc., ComplyAdvantage, Confluence Technologies Inc., Deloitte Touche Tohmatsu Ltd., Hummingbird RegTech Inc., Intrasoft Technologies, International Business Machines Corp., MetricStream Inc., Mitratech Holdings Inc., NICE Ltd., RIMES Technologies Corp., SAS Institute Inc., SymphonyAI Sensa LLC, Thomson Reuters Corp., Trulioo Information Services Inc., VERMEG Ltd Legal, and Wolters Kluwer NV. AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF Key Market Trends Fueling Growth The Regtech market is experiencing significant growth due to increasing regulatory requirements in various industries, particularly in compliance operations. Artificial intelligence, big data analytics, machine learning, and natural language processing are key technologies driving innovation in this space. Financially regulated industries, including banking and healthcare, are investing in Regtech solutions to manage risk, prevent fraudulent transactions, and ensure regulatory compliance. Blockchain technology and cloud-based solutions are popular deployment types, offering cost-effective, flexible options for large enterprises and startups alike. Regtech startups, such as Dot Compliance, are leading the way with product innovation, securing investment from backers like Vertex Ventures. The regulatory landscape is constantly evolving, with changes in legislation and compliance obligations placing a significant burden on organizations. Data security is paramount, with personal information and regulatory compliance data at risk of breach or mishandling, resulting in severe consequences, including regulatory penalties and legal liabilities. Regtech solutions are essential for managing operational methods, reducing risks, and ensuring financial inclusion. Cloud computing services, such as Software as a Service (SaaS), offer fixed costs and scalability, making them an attractive option for businesses undergoing digital transformation. Risk management, data gathering, and reporting formats are critical components of Regtech solutions. Large corporations and regulated industries are adopting these technologies to streamline compliance processes, improve data quality, and meet evolving regulatory requirements. The use of chatbots and automation is increasing, providing a more efficient and cost-effective way to manage compliance processes. Regtech solutions are also being used to address financial crime, including money laundering and payment fraud risks, and to ensure data standardization and security standards. The Regtech market is expected to continue growing, with widespread adoption and investment in cutting-edge technologies set to drive innovation and digitization in the financial industry. RegTech, a Software-as-a-Service solution, assists businesses in digitally complying with regulations and standards. Artificial Intelligence (AI) integration enhances RegTech's capabilities. AI identifies patterns and similarities in diverse data sets, crucial for gaining new insights. It processes data from various sources, such as social media and stock market prices, revealing previously unnoticed correlations. This enhances RegTech's ability to ensure regulatory compliance while delivering valuable insights. Insights on how AI is driving innovation, efficiency, and market growth- Request Sample! Market Challenges The Regtech market is facing several challenges in the areas of regulatory requirements and compliance operations. Financial institutions and regulated industries are grappling with the implementation of complex financial regulations, such as anti-money laundering and fraud prevention. To address these challenges, Regtech companies are leveraging advanced technologies like artificial intelligence, big data analytics, machine learning, and blockchain. However, the adoption of these cutting-edge technologies comes with its own set of challenges, including data gathering, data standardization, and data management. Moreover, the deployment type of Regtech solutions, whether on-premises or cloud-based, also poses challenges in terms of fixed and variable costs, security standards, and operational methods. Large corporations and financial institutions are increasingly turning to Regtech startups for product innovation and investment. However, the regulatory landscape is constantly changing, and compliance obligations require continuous software maintenance and updates. Data security and personal information protection are critical concerns, with severe consequences in case of breaches or mishandling. Regtech solutions must adhere to strict regulatory compliance data handling standards to ensure data quality and reporting formats meet monetary authorities' requirements. Regtech startups are attracting investment from backers like Vertex Ventures to address these challenges and drive digitization and innovation in the banking industry. The widespread adoption of Regtech is essential for risk management, fraudulent transaction detection, and financial inclusion. Regtech solutions can help reduce risks, streamline compliance processes, and improve financial stability by minimizing financial crime. The use of chatbots and natural language processing can simplify regulatory compliance and make it more accessible to organizations of all sizes. However, the burden of regulatory compliance and the risks of non-compliance remain significant challenges that must be addressed. In conclusion, the Regtech market is experiencing significant growth as organizations seek to navigate the complex regulatory landscape and comply with changing regulations. Regtech solutions offer innovative ways to address these challenges using cutting-edge technologies like artificial intelligence, big data analytics, machine learning, and blockchain. However, the implementation of these solutions comes with its own set of challenges, including data gathering, data management, and data security. Regtech startups are playing a crucial role in driving innovation and investment in the Regtech market, but the regulatory landscape's constant evolution and the risks of non-compliance remain significant challenges that must be addressed. The global RegTech market in the BFSI sector faces a significant challenge in the form of a skills gap. Financial organizations require a workforce with a combination of IT and financial expertise to effectively implement RegTech solutions. However, training this workforce in advanced technologies like blockchain and cybersecurity can be costly and time-consuming. Furthermore, competition for IT talent is fierce, with banks and fintech companies vying for the same pool of skilled professionals. This makes it essential for financial institutions to invest in upskilling their existing workforce or partnering with RegTech providers to bridge the skills gap. Insights into how AI is reshaping industries and driving growth- Download a Sample Report Segment Overview This regtech market market report extensively covers market segmentation by 1.1 Solutions 1.2 Services 2.1 Large enterprises 2.2 Small and medium enterprises 3.1 North America 3.2 Europe 3.3 APAC 3.4 South America 3.5 Middle East and Africa 1.1 Solutions- The RegTech market's solutions segment offers businesses a variety of software tools and platforms designed to tackle specific regulatory compliance challenges. These solutions aim to simplify and automate compliance processes, enhance risk management, and ensure adherence to regulatory standards. Key solution areas within the global RegTech market include: 1. Risk and compliance management solutions: These solutions facilitate managing and mitigating risks by offering functionalities like risk assessment, policy management, compliance monitoring, and reporting. They enable businesses to proactively identify and address potential compliance issues. 2. Regulatory reporting solutions: These solutions automate the process of generating and submitting regulatory reports to regulatory bodies. They consolidate data from multiple sources, apply regulatory rules, and facilitate data validation and submission for accurate and timely reporting. 3. Identity verification and KYC solutions: These solutions help businesses verify the identities of individuals or entities to meet KYC requirements. They leverage technologies like biometrics, document verification, and data analytics for identity verification, risk assessment, and AML regulation compliance. 4. Transaction monitoring solutions: These solutions employ advanced analytics and machine learning algorithms to detect suspicious activities, potential fraud , or money laundering. They analyze transactional data, identify patterns, and generate alerts for further investigation and compliance reporting. 5. Data governance and privacy solutions: These solutions assist organizations in managing and safeguarding sensitive data in compliance with data protection and privacy regulations. They offer tools for data classification, access controls, consent management, data retention, and data breach prevention to ensure compliance with relevant data privacy laws. The RegTech solutions segment continues to advance as new regulatory challenges arise, and businesses seek innovative technologies to tackle compliance needs efficiently. The increasing complexity of regulations and the growing number of data breaches are expected to fuel the growth of the global RegTech market throughout the forecast period. Download complimentary Sample Report to gain insights into AI's impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 - 2022) Research Analysis The Regtech market is a rapidly growing sector that focuses on using technology to help financial institutions and other regulated industries meet their regulatory requirements. Compliance operations are at the heart of this market, with artificial intelligence, big data analytics, machine learning, and blockchain being some of the cutting-edge technologies driving innovation. Financial regulation areas such as anti-money laundering and fraud are major applications for Regtech solutions. The banking industry, healthcare, and other sectors face significant payment fraud risks, and Regtech startups are providing software maintenance and expertise to help mitigate these risks. With the digitization of financial services, the responsibilities of financial institutions continue to evolve, and Regtech is playing an increasingly important role. Extension funding rounds and investment in Regtech startups are on the rise, demonstrating the potential for significant growth in this market. Market Research Overview Regtech Market: Transforming Compliance Operations with Advanced Technologies The Regtech market is revolutionizing regulatory requirements in various industries by integrating Artificial Intelligence (AI), Big Data Analytics, Machine Learning, Natural Language Processing, and Blockchain technology. These cutting-edge technologies enable organizations to streamline compliance processes, mitigate financial crime risks, and ensure data security. Regtech solutions are not limited to the banking industry but also extend to healthcare and other regulated sectors. They help large enterprises manage risk, prevent fraudulent transactions, and ensure financial inclusion. Deployment types range from on-premises to cloud-based solutions, with the cloud segment gaining popularity due to its flexibility and cost-effectiveness. Regtech startups, such as Dot Compliance, are leading product innovation in this space, attracting investment from backers like Vertex Ventures. The regulatory landscape is ever-changing, and these organizations help businesses adapt by providing digitization, software maintenance, and expertise. Data security is paramount in regulatory compliance, with personal information protection a major concern. Regtech solutions ensure data quality, standardization, and adherence to security standards. The widespread adoption of Regtech is driven by the need to reduce operational burdens, minimize risks, and ensure regulatory compliance in a digitally transforming world. However, the implementation of Regtech comes with challenges, including the need for legislation, data gathering, and reporting formats. Large corporations must navigate these complex regulatory changes while managing their responsibilities to monetary authorities and maintaining trust with their customers. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation Component Solutions Services End-user Large Enterprises Small And Medium Enterprises Geography North America Europe APAC South America Middle East And Africa 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ SOURCE Technavio
Announces Notification of Additional Delinquency with Nasdaq for Late Filing of Form 10-Q for Period Ended September 30, 2024 Expects to Return to Normal Filing Cadence in 2025 LOS ANGELES , Nov. 26, 2024 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley" or the "Company"), a diversified financial services company, today announced it received an additional delinquency notification letter from Nasdaq on November 20, 2024, which indicated that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of the delayed filing of the Company's Quarterly Reports on Form 10-Q for the periods ended June 30, 2024 and September 30, 2024. The Nasdaq Listing Rule requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission (the "SEC"). This notification has no immediate effect on the listing of the Company's securities on Nasdaq. Nasdaq has informed the Company that it must submit an update to its original plan to regain compliance with respect to the filing requirement by December 5, 2024 . If the updated plan is accepted, Nasdaq can grant an exception of up to 180 calendar dates from the due date of the initial delinquent filing for the period ended June 30, 2024 , or until February 17, 2025 , to regain compliance. The Company regrets the continued delays in its quarterly filings, which have been impacted by a confluence of significant events and transactions completed in 2024. The Company is working diligently to file the Quarterly Reports for both the second and third quarters as promptly as practical, and expects to return to a normal filing cadence in 2025. About B. Riley Financial B. Riley Financial is a diversified financial services company that delivers tailored solutions to meet the strategic, operational, and capital needs of its clients and partners. B. Riley leverages cross-platform expertise to provide clients with full service, collaborative solutions at every stage of the business life cycle. Through its affiliated subsidiaries, B. Riley provides end-to-end financial services across investment banking, institutional brokerage, private wealth and investment management, financial consulting, corporate restructuring, operations management, risk and compliance, due diligence, forensic accounting, litigation support, appraisal and valuation, auction, and liquidation services. B. Riley opportunistically invests to benefit its shareholders, and certain affiliates originate and underwrite senior secured loans for asset-rich companies. B. Riley refers to B. Riley Financial, Inc. and/or one or more of its subsidiaries or affiliates. For more information, please visit www.brileyfin.com . Forward-Looking Statements Statements made in this press release that are not descriptions of historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are based on management's current expectations and assumptions and are subject to risks and uncertainties. If such risks or uncertainties materialize or such assumptions prove incorrect, our business, operating results, financial condition, and stock price could be materially negatively affected. You should not place undue reliance on such forward-looking statements, which are based on the information currently available to us and speak only as of today's date. All statements other than statements of historical fact are forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company's performance or achievements to be materially different from any expected future results, performance, or achievements. Forward-looking statements speak only as of the date they are made and the Company assumes no duty to update forward-looking statements, except as required by law. Actual future results, performance or achievements may differ materially from historical results or those anticipated depending on a variety of factors, some of which are beyond the control of the Company, including, but not limited to, the risks described from time to time in the Company's periodic filings with the SEC, including, without limitation, the risks described in the Company's 2023 Annual Report on Form 10-K and Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2024 under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" (as applicable). These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. All information is current as of the date this press release is issued, and the Company undertakes no duty to update this information. Contacts Investors ir@brileyfin.com Media press@brileyfin.com View original content: https://www.prnewswire.com/news-releases/b-riley-financial-provides-update-on-quarterly-filing-process-302316982.html SOURCE B. Riley FinancialCowboys' Brandin Cooks Expected to Play vs. Giants After Injury, Stephen Jones Says
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SANTA CLARA, Calif. (AP) — San Francisco 49ers quarterback Brock Purdy will miss Sunday's game against the Packers with a sore throwing shoulder.While the 49ers' 2024 NFL season is far from over, some outside the organization already have begun looking ahead to the team's offseason. Maybe for good reason, but with six weeks remaining in the regular season and San Francisco just one game out of first place in the NFC West, there still is , albeit a difficult one. However, The Volume's Colin Cowherd has seen enough and declared on the latest episode of "The Colin Cowherd Podcast" that the 49ers need a franchise reboot in the offseason after its on Sunday at Lambeau Field. “49ers need a reboot” & discuss the state of the 49ers after loss to Packers — The Volume (@TheVolumeSports) "San Francisco is like an old boxer. Last year, hanging on, had one last good fight," Cowherd told co-host John Middlekauff. "Stop drafting receivers, rebuild the O-lines and D-lines, [Nick] Bosa's hurt, [George] Kittle's hurt, [Christian] McCaffrey's hurt. I think San Francisco has to hyper-aggressively reboot the franchise." Cowherd's criticism of the 49ers' draft strategy and his belief that the organization needs to reinforce the trenches certainly is fair, but he did not specify what a "hyper-aggressive reboot" entails. Would that require the firings of coach Kyle Shanahan and/or president of football operations John Lynch? Or perhaps trading or cutting certain star players? It remains to be seen what the 49ers might do in the offseason, but with the playoffs still within reach and the return of key players possibly right around the corner, the topic of a franchise reboot, at least within the organization, likely is a discussion for a different day.By MARC LEVY HARRISBURG, Pa. (AP) — Democratic Sen. Bob Casey of Pennsylvania conceded his reelection bid to Republican David McCormick on Thursday, as a statewide recount showed no signs of closing the gap and his campaign suffered repeated blows in court in its effort to get potentially favorable ballots counted. Casey’s concession comes more than two weeks after Election Day, as a grindingly slow ballot-counting process became a spectacle of hours-long election board meetings, social media outrage, lawsuits and accusations that some county officials were openly flouting the law. Republicans had been claiming that Democrats were trying to steal McCormick’s seat by counting “illegal votes.” Casey’s campaign had accused of Republicans of trying to block enough votes to prevent him from pulling ahead and winning. In a statement, Casey said he had just called McCormick to congratulate him. “As the first count of ballots is completed, Pennsylvanians can move forward with the knowledge that their voices were heard, whether their vote was the first to be counted or the last,” Casey said. The Associated Press called the race for McCormick on Nov. 7, concluding that not enough ballots remained to be counted in areas Casey was winning for him to take the lead. As of Thursday, McCormick led by about 16,000 votes out of almost 7 million ballots counted. That was well within the 0.5% margin threshold to trigger an automatic statewide recount under Pennsylvania law. But no election official expected a recount to change more than a couple hundred votes or so, and Pennsylvania’s highest court dealt him a blow when it refused entreaties to allow counties to count mail-in ballots that lacked a correct handwritten date on the return envelope. Republicans will have a 53-47 majority next year in the U.S. Senate. Follow Marc Levy at twitter.com/timelywriter
OOH Campaign Highlights the Power of Donating During the Thanksgiving Season NEW YORK , Nov. 26, 2024 /PRNewswire/ -- OUTFRONT Media (NYSE: OUT), one of the largest out-of-home (OOH) media companies in the U.S., has unveiled a new campaign with The Farmlink Project, the fastest-growing solution in the charitable food space, to drive home an important food insecurity fact on Thanksgiving. The campaign, running now through Friday, Dec. 6 , features the line " $1 = 17 lbs of food saved" to jolt audiences into action. OUTFRONT Studios and Farmlink's creative team produced the campaign, which also marks the debut of Farmlink's rebrand. The creative can be seen on digital billboards across the country, securing additional impressions with holiday traffic at an all time high. The campaign's message encourages audiences to make a big impact toward battling food insecurity through a small action during Thanksgiving, the largest event for food consumption in the U.S., and Giving Tuesday, an annual global generosity movement. For the month of December, every dollar donated to Farmlink will be matched to provide 32 pounds of food to families in need. "In collaboration with OUTFRONT, we are able to expand our mission of supporting farmers and feeding families by inspiring people to take simple actions," said Aidan Reilly , Head of Partnerships at Farmlink. "Collectively, those efforts can add up to help us reach our goal of raising $100K in December." As a partner of OUTFRONT since 2021, Farmlink has helped further OUTFRONT's purpose of helping people, places and businesses grow stronger. "Fighting food insecurity continues to be one of OUTFRONT's most important causes, driven by our employees," said Liz Rave , Vice President, Marketing at OUTFRONT. "This timely Thanksgiving campaign is our latest effort to support and amplify Farmlink's mission at a critical time for food insecurity solutions. We are also proud to be making a monetary donation of our own this holiday season." The Farmlink Project was born as a student movement at the onset of the pandemic in an effort to support a local food bank in Los Angeles . Having delivered nearly 300 million pounds of food which otherwise would have gone to waste to families across North America , Farmlink is driven by the belief that hunger can be solved in the U.S. using already grown food. About OUTFRONT Media Inc. OUTFRONT leverages the power of technology, location and creativity to connect brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in the United States . Through its technology platform, OUTFRONT will fundamentally change the ways advertisers engage audiences on-the-go. OUTFRONT Media Contacts: Matt Biscuiti Courtney Richards The Lippin Group OUTFRONT Media 212-986-7080 646-876-9404 outfront@lippingroup.com courtney.richards@OUTFRONT.com Stephan Bisson OUTFRONT Media 212-297-6573 stephan.bisson@outfront.com View original content to download multimedia: https://www.prnewswire.com/news-releases/outfront-media-and-the-farmlink-project-unveil-new-campaign-to-fight-food-insecurity-302317001.html SOURCE OUTFRONT Media Inc.
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Bethesda, MD, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Three physician partners with Aledade , the nation’s largest network of independent primary care, have been recognized with one of the highest honors federal agencies can bestow in health care. For their work battling the ‘silent killer’ – hypertension – a community health center in Arkansas and independent primary care practices in Delaware and Florida were recognized as Million Hearts® 2024 Hypertension Control Champions . Awarded jointly by the Centers for Disease Control and Prevention and the Centers for Medicare & Medicaid Services, the Million Hearts 2024 Hypertension Control Champions are highlighted for their “exemplar rates of hypertension control.” Practices that achieved blood pressure control for at least 80% of their adult patients with hypertension (also known as high blood pressure) received the award from Million Hearts, which has a goal to avert 1 million preventable cardiovascular disease events by the end of 2026. Only 32 health providers nationwide met the criteria. “We join the CDC in congratulating our partner practices for their commitment to do more good by achieving these exceptional levels of blood pressure control for their patient population,” said Ahmed Haque, chief performance officer at Aledade. “At Aledade, we are proud to partner with primary care clinicians so they can succeed in value-based care. Our three Hypertension Control Champions are shining examples of how we give our primary care partners the data and support they need to keep patients healthy.” About one in three adults in the United States has high blood pressure, but many don’t realize it. High blood pressure is often referred to as the silent killer, according to the U.S. National Institutes of Health, because it usually has no warning signs, yet can lead to life-threatening conditions like a heart attack or stroke. Fortunately, high blood pressure often can be prevented or treated as early diagnosis. Simple, healthy changes can keep high blood pressure from seriously damaging a person’s health. Aledade partners who were recognized as Million Hearts 2024 Hypertension Control Champions include: Mainline Health Systems, Inc., Dermott, Arkansas Milford Primary Care Associates, Milford, Delaware Brevard Health Center, Melbourne, Florida Mainline Health’s team, which began working with Aledade in 2020, leveraged data insights from Aledade’s technology to make more informed clinical decisions and increased its entire patient population hypertension control rate from 70% to 84%. “Our mission is to provide the highest quality clinical services to all,” said Kerry Pennington, M.D., the clinical director of Mainline Health Systems, a community health center in Southeast Arkansas. “A big change for us occurred when we began to implement the correct processes to proactively monitor the health of our patients. Aledade has been a big part of that improvement as they gave us a platform to invest in improved outcomes. We are honored that this work is being reflected in our recognition as a Million Hearts 2024 Hypertension Control Champion.” About Aledade Aledade, a public benefit corporation , is the largest network of independent primary care in the country, helping independent practices, health centers and clinics deliver better care to their patients and thrive in value-based care. Through its proven, scalable model, which includes cutting-edge data analytics, user-friendly guided workflows, health care policy expertise, strong payer relationships and integrated care solutions, Aledade empowers physicians to succeed financially by keeping people healthy. Together with more than 1,900 practices, federally-qualified health centers and community health centers in 45 states and the District of Columbia, Aledade shares in the risk and reward across more than 200 value-based contracts representing more than 2.5 million patient lives under management. To learn more, visit www.aledade.com or follow on X (Twitter) , Facebook or LinkedIn . ### Attachment Three Aledade Physician Partners Recognized for Exemplary Hypertension Control Hiran Ratnayake Aledade (302) 299-3562 hratnayake@aledade.comNEW YORK (AP) — Stocks closed higher on Wall Street, sending the Dow Jones Industrial Average to another all-time high. The Dow added 1% Monday to the record it set on Friday. The S&P 500 rose 0.3%, while the Nasdaq composite rose 0.3%. Treasury yields eased in the bond market after President-elect Donald Trump said he wants Scott Bessent, a hedge fund manager, to be his Treasury Secretary. Smaller companies can feel a big boost from easier borrowing costs, and the Russell 2000 index of small stocks jumped 1.5%, closing just shy of the record high it set three years ago. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. NEW YORK (AP) — Wall Street is set to break more records Monday as U.S. stocks rise to add to last week’s gains. The S&P 500 was 0.2% higher, as of 3 p.m. Eastern time, and sitting just below its all-time high set two weeks ago. The Dow Jones Industrial Average added 397 points, or 0.9%, to its own record set on Friday, while the Nasdaq composite was 0.1% higher. Treasury yields also eased in the bond market amid what some analysts called a “Bessent bounce” after President-elect Donald Trump said he wants Scott Bessent , a hedge fund manager, to be his Treasury Secretary. Bessent has argued for reducing the U.S. government’s deficit, which is how much more it spends than it takes in through tax and other revenue. Such an approach could soothe worries on Wall Street that Trump’s policies may lead to a much bigger deficit, which in turn would put upward pressure on Treasury yields. After climbing above 4.44% immediately after Trump’s election, the yield on the 10-year Treasury fell back to 4.26% Monday and down from 4.41% late Friday. That’s a notable move, and lower yields help make it cheaper for all kinds of companies and households to borrow money. They also give a boost to prices for stocks and other investments. That helped stocks of smaller companies lead the way, and the Russell 2000 index of smaller stocks jumped 2%. It’s set to top its all-time high, which was set three years ago. Smaller companies can feel bigger boosts from lower borrowing costs because of the need of many to borrow to grow. The two-year Treasury yield, which more closely tracks the market’s expectations for what the Federal Reserve will do with overnight interest rates, also eased sharply. The Fed began cutting its main interest rate just a couple months ago from a two-decade high, hoping to keep the job market humming after bringing high inflation nearly all the way down to its 2% target. But immediately after Trump’s victory, traders had reduced bets for how many cuts the Fed may deliver next year. They were worried Trump's preference for lower tax rates and higher spending on the border would balloon the national debt. . A report coming on Wednesday could influence how much the Fed may cut rates. Economists expect it to show that an underlying inflation trend the Fed prefers to use accelerated to 2.8% last month from 2.7% in September. Higher inflation would make the Fed more reluctant to cut rates as deeply or as quickly as it would otherwise. Goldman Sachs economist David Mericle expects that to slow by the end of next year to 2.4%, but he said inflation would be even lower if not for expected tariff increases on imports from China and autos favored by Trump. In the stock market, Bath & Body Works jumped 19.1% after delivering stronger profit for the latest quarter than analysts expected. The seller of personal care products and home fragrances also raised its financial forecasts for the full year, even though it still sees a “volatile retail environment” and a shorter holiday shopping season this year. Much focus has been on how resilient U.S. shoppers can remain, given high prices across the economy and still-high interest rates. Last week, two major retailers sent mixed messages. Target tumbled after giving a dour forecast for the holiday shopping season. It followed Walmart , which gave a much more encouraging outlook. Another big retailer, Macy’s, said Monday its sales for the latest quarter were in line with its expectations, but it will delay the release of its full financial results. It found a single employee had intentionally hid up to $154 million in delivery expenses, and it needs more time to complete its investigation. Macy’s stock fell 2.9%. Among the market's leaders were several companies related to the housing industry. Monday's drop in Treasury yields could translate into easier mortgage rates, which could spur activity for housing. Builders FirstSource, a supplier or building materials, rose 6.2%. Homebuilders, D.R. Horton, PulteGroup and Lennar all rose at least 5.8%. In stock markets abroad, indexes moved modestly across much of Europe after finishing mixed in Asia. In the crypto market, bitcoin was trading around $96,800 after threatening to hit $100,000 late last week for the first time. ___ AP Business Writer Elaine Kurtenbach contributed. Stan Choe, The Associated PressSan Francisco 49ers quarterback Brock Purdy will miss Sunday's game against the Packers with a sore throwing shoulder