Okoro 1-1 0-0 2, N.Johnson 0-3 0-0 0, Lary 3-11 3-3 10, Lovejoy 4-14 6-8 15, Kuac 2-5 0-0 5, Nadeau 5-15 2-2 13, Geeter 2-5 0-1 4, Gondrezick 2-4 0-0 5, Mitchell 1-2 0-0 2, Kalambay 0-0 1-2 1, Hurst 0-0 0-0 0. Totals 20-60 12-16 57. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.US stocks rose to records after data suggested the job market remains solid enough to keep the economy going, but not so strong that it raises immediate worries about inflation. The S&P 500 climbed 0.2 per cent, just enough top the all-time high set on Wednesday, as it closed a third straight winning week in what looks to be one of its best years since the 2000 dot-com bust. The Dow Jones dipped 123.19 points, or 0.3 per cent, while the Nasdaq composite rose 0.8 per cent to set its own record. Wall Street closed third-straight winning week with more gains. Credit: AP The Australian sharemarket is set to retreat, with futures pointing to a fall of 25 points, or 0.3 per cent, at the open. The quiet trading came after the latest jobs report came in mixed enough to strengthen traders’ expectations that the Federal Reserve will cut interest rates again at its next meeting in two weeks. The report showed US employers hired more workers than expected last month, but it also said the unemployment rate unexpectedly ticked up to 4.2 per cent from 4.1 per cent. “This print doesn’t kill the holiday spirit and the Fed remains on track to deliver a cut in December,” according to Lindsay Rosner, head of multi-sector investing within Goldman Sachs Asset Management. The Fed has been easing its main interest rate from a two-decade high since September to offer more help for the slowing job market, after bringing inflation nearly all the way down to its 2 per cent target. Lower interest rates can ease the brakes off the economy, but they can also offer more fuel for inflation. Expectations for a series of cuts from the Fed have been a major reason the S&P 500 has set an all-time high 57 times so far this year. And the Fed is part of a global surge: 62 central banks have lowered rates in the past three months, the most since 2020, according to Michael Hartnett and other strategists at Bank of America. Still, the jobs report may have included some notes of caution for Fed officials underneath the surface. Scott Wren, senior global market strategist at Wells Fargo Investment Institute, pointed to average wages for workers last month, which were a touch stronger than economists expected. While that’s good news for workers who would always like to make more, it could keep upward pressure on inflation. “This report tells the Fed that they still need to be careful as sticky housing/shelter/wage data shows that it won’t be easy to engineer meaningfully lower inflation from here in the nearer term,” Wren said. So, while traders are betting on an 85 per cent probability the Fed will ease its main rate in two weeks, they’re much less certain about how many more cuts it will deliver next year, according to data from CME Group. For now, the hope is that the job market can help US shoppers continue to spend and keep the US economy out of a recession that had earlier seemed inevitable after the Fed began hiking interest rates swiftly to crush inflation. Several retailers offered encouragement after delivering better-than-expected results for the latest quarter. Ulta Beauty rallied 9 per cent after topping expectations for both profit and revenue. The opening of new stores helped boost its revenue, and it raised the bottom end of its forecasted range for sales over this full year. Lululemon stretched 15.9 per cent higher following its own profit report. It said stronger sales outside the United States helped it in particular, and its earnings topped analysts’ expectations. Retailers overall have been offering mixed signals on how resilient US shoppers can remain amid the slowing job market and still-high prices. Target gave a dour forecast for the holiday shopping season, for example, while Walmart gave a much more encouraging outlook. A report on Friday suggested sentiment among US consumers may be improving more than economists expected. The preliminary reading from the University of Michigan’s survey hit its highest level in seven months. The survey found a surge in buying for some products as consumers tried to get ahead of possible increases in price due to higher tariffs that President-elect Donald Trump has threatened. In tech, Hewlett Packard Enterprise jumped 10.6 per cent for one of the S&P 500’s larger gains after reporting stronger profit and revenue than expected. Tech stocks were some of the market’s strongest this week, as Salesforce and other big companies talked up how much of a boost they’re getting from the artificial-intelligence boom. All told, the S&P 500 rose 15.16 points to 6,090.27. The Dow dipped 123.19 to 44,642.52, and the Nasdaq composite climbed 159.05 to 19,859.77. In the bond market, the yield on the 10-year Treasury yield slipped to 4.15 per cent from 4.18 per cent late Thursday. In stock markets abroad, France’s CAC 40 rose 1.3 per cent after French President Emmanuel Macron announced plans to stay in office until the end of his term and to name a new prime minister within days. Earlier this week, far-right and left-wing lawmakers approved a no-confidence motion due to budget disputes, forcing Prime Minister Michel Barnier and his cabinet to resign. In Asia, stock indexes were mixed. They rallied 1.6 per cent in Hong Kong and 1 per cent in Shanghai ahead of an annual economic policy meeting scheduled for next week. South Korea’s Kospi dropped 0.6 per cent as South Korea’s ruling party chief showed support for suspending the constitutional powers of President Yoon Suk Yeol after he declared martial law and then revoked that earlier this week. Yoon is facing calls to resign and may be impeached. Bitcoin was sitting near $US101,500 after briefly bursting above $US103,000 to a record the day before. AP The Market Recap newsletter is a wrap of the day’s trading. Get it each we e kday afternoon .None
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he secured a hard-fought 30-27 victory over the on Sunday afternoon, relying on late-game heroics to escape with their 10th win of the season. Young, Hubbard shine for Carolina Coming off a rare loss in Buffalo last week, the Chiefs (10-1) appeared poised to control the game, leading by 11 points at halftime after connected with Noah Gray for two touchdowns. However, the Panthers, led by a resurgent , staged a second-half comeback that nearly stunned the defending Super Bowl champions. Young, who reclaimed the starting role after being benched earlier this season, had his most impressive performance of the year. He threw for 262 yards and a touchdown, leading two crucial touchdown drives in the second half. A pass interference call against Chiefs safety helped set up a late 1-yard touchdown by . Hubbard also converted a two-point attempt that tied the game at 27 with under two minutes to play. Chiefs escape Charlotte with last-second win When it mattered most, delivered. The two-time MVP swiftly guided Kansas City downfield with quick passes and a 33-yard scramble that placed the Chiefs within field goal range. Kicker stepping in for the injured Harrison Butker, nailed a 31-yard field goal as time expired to seal the win. Mahomes finished the day with 269 passing yards and three touchdowns, adding 60 yards on the ground. Tight end emerged as a key target, recording 66 yards and two touchdowns on four receptions. For the Panthers, the close loss showcased Young's potential as a franchise quarterback. The 2023 No. 1 overall pick delivered his second career game surpassing 200 passing yards, providing hope for a team still searching for its footing. The now turn their attention to a divisional matchup against the on Friday, Nov. 29, while the host the in Week 13.9 states poised to end coverage for millions if Trump cuts Medicaid funding
Farmers have announced a 'Punjab Bandh' on Monday leading to the expected closure of all shops across the state and disruptions in road and rail services. However, emergency services will continue to operate. There will also be no supply of milk, fruits, and vegetables until the protest ends on Monday evening as several trade organisations lent their support to the bandh. "Farmer union leaders will enforce a chakka jam on roads and rail lines from 7 a.m. to 4 p.m. Government and private institutions are requested to stay closed. Only emergency vehicles, such as ambulances, marriage vehicles, or anyone in a dire emergency, will be allowed to pass," reports quoted a senior farm leader as saying. The decision to give a call for a 'Punjab bandh' was taken last week by the Samyukta Kisan Morcha (Non-political) and Kisan Mazdoor Morcha (KMM). Sarwan Singh Pandher -- who happens to be the coordinator of both forums -- said traders, transporters, employees unions, toll plaza workers, labour, ex-servicemen, Sarpanches and teachers' unions, social and other bodies, and some other sections have lent their support to the bandh. Farmers under the banner of SKM (Non-Political) and KMM have been camping at Shambhu and Khanauri border points between Punjab and Haryana since February 13 after their march to Delhi was stopped by security forces. With Jagjit Singh Dallewal's indefinite hunger strike entering its 34th day on Sunday, farmer leaders at Khanauri said they have been following the Gandhian way to continue their protest and it is up to the government to decide whether it wants to use force to evict their senior leader. He further said the farmers wanted to make it clear that whatever situation arises the responsibility will lie with the Centre and the constitutional bodies. Rail movement and road traffic will remain closed on Monday. In support of the farmers' Bandh call, bus services in Punjab will remain suspended on Monday. While the PRTC bus services will be shut for four hours, from 10 a.m. to 2 p.m., the private bus operators have announced their full support, thus declaring the suspension of services across the state from 7 a.m. to 4 p.m. on Monday. Besides a legal guarantee on the MSP for crops, the farmers are demanding a debt waiver, pension for farmers and farm labourers, no hike in the electricity tariff, withdrawal of police cases and "justice" for the victims of the 2021 Lakhimpur Kheri violence. Reinstatement of the Land Acquisition Act, 2013 and compensation to the families of the farmers who died during a previous agitation in 2020-21 are also part of their demands. This bandh, the farmer leader said, will force the Centre to accept the demands of farmers. He slammed the Union government for failing to accept the demands of farmers. Farmers under the banner of SKM (Non-Political) and KMM have been camping at Shambhu and Khanauri border points between Punjab and Haryana since February 13 after security forces stopped their march to Delhi. A "jatha" (group) of 101 farmers made three attempts to enter Delhi on foot on December 6, December 8, and again on December 14. Security personnel in Haryana prevented them from proceeding. There will be a complete bandh on December 30, farmer leader Sarwan Singh Pandher said. However, emergency services will remain operational. Punjab farmer leader Sarwan Singh Pandher said the call for a 'Punjab bandh' on December 30 is getting good support from various sections. The decision to give a call for a 'Punjab bandh' was taken last week by the Samyukta Kisan Morcha (Non-political) and Kisan Mazdoor Morcha. To ensure the success of the bandh, SKM (Non-political) and KMM convened a meeting of transporters, employees, traders and others at the Khanauri protest site last Thursday. (With inputs from IANS) Two policemen die of suicide in Telangana Maha CM asks CID to seize properties of accused involved in Beed Sarpanch murder case "Reimagining Jammu and Kashmir" is a visual masterpiece of resilience and progress, a must read