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30jili Facebook Twitter WhatsApp SMS Email Print Copy article link Save NEW YORK (AP) — U.S. stocks rose to records Tuesday after Donald Trump’s latest talk about tariffs created only some ripples on Wall Street, even if they could roil the global economy were they to take effect. The S&P 500 climbed 0.6% to top the all-time high it set a couple weeks ago. The Dow Jones Industrial Average added 123 points, or 0.3%, to its own record set the day before, while the Nasdaq composite gained 0.6% as Microsoft and Big Tech led the way. People are also reading... 2 bucks illegally killed with crossbow in Corvallis The real reason Corvallis' Pastega Lights moved to Linn County Commentary: Gulbranson shows he should be starter in thrilling win over Cougars Head-on crash on Highway 228 kills 1, injures 2 Linn County deputy resigns during menacing case Tree farm fiasco has Corvallis homelessness under microscope More allegations against ex-OSU coach Corvallis homes in on layout options for a new government center Corvallis man gets prison for armed robbery case How is the OSU grad strike impacting students? UPDATED: Feds halt drawdown at Green Peter Reservoir after local cities complain OSU women's basketball: Ferreira brings versatility to the Beavers' lineup OSU football: Game notes for the Beavers' win over Washington State Margaret Atwood OSU event altered over threats OSU football: Preview and prediction for regular-season finale against Boise State Stock markets abroad mostly fell after President-elect Trump said he plans to impose sweeping new tariffs on Mexico, Canada and China once he takes office. But the movements were mostly modest. Stock indexes were down 0.1% in Shanghai and nearly flat in Hong Kong, while Canada’s main index edged down by less than 0.1%. Trump has often praised the use of tariffs , but investors are weighing whether his latest threat will actually become policy or is just an opening point for negotiations. For now, the market seems to be taking it more as the latter. The consequences otherwise for markets and the global economy could be painful. Unless the United States can prepare alternatives for the autos, energy products and other goods that come from Mexico, Canada and China, such tariffs would raise the price of imported items all at once and make households poorer, according to Carl Weinberg and Rubeela Farooqi, economists at High Frequency Economics. They would also hurt profit margins for U.S. companies, while raising the threat of retaliatory tariffs by other countries. And unlike tariffs in Trump’s first term, his latest proposal would affect products across the board. General Motors sank 9%, and Ford Motor fell 2.6% because both import automobiles from Mexico. Constellation Brands, which sells Modelo and other Mexican beer brands in the United States, dropped 3.3%. The value of the Mexican peso fell 1.8% against the U.S. dollar. Beyond the pain such tariffs would cause U.S. households and businesses, they could also push the Federal Reserve to slow or even halt its cuts to interest rates. The Fed had just begun easing its main interest rate from a two-decade high a couple months ago to offer support for the job market . While lower interest rates can boost the economy, they can also offer more fuel for inflation. “Many” officials at the Fed’s last meeting earlier this month said they should lower rates gradually, according to minutes of the meeting released Tuesday afternoon. The talk about tariffs overshadowed another mixed set of profit reports from U.S. retailers that answered few questions about how much more shoppers can keep spending. They’ll need to stay resilient after helping the economy avoid a recession, despite the high interest rates imposed by the Fed to get inflation under control. A report on Tuesday from the Conference Board said confidence among U.S. consumers improved in November, but not by as much as economists expected. Kohl’s tumbled 17% after its results for the latest quarter fell short of analysts’ expectations. CEO Tom Kingsbury said sales remain soft for apparel and footwear. A day earlier, Kingsbury said he plans to step down as CEO in January. Ashley Buchanan, CEO of Michaels and a retail veteran, will replace him. Best Buy fell 4.9% after likewise falling short of analysts’ expectations. Dick’s Sporting Goods topped forecasts for the latest quarter thanks to a strong back-to-school season, but its stock lost an early gain to fall 1.4%. Still, more stocks rose in the S&P 500 than fell. J.M. Smucker had one of the biggest gains and climbed 5.7% after topping analysts’ expectations for the latest quarter. CEO Mark Smucker credited strength for its Uncrustables, Meow Mix, Café Bustelo and Jif brands. Big Tech stocks also helped prop up U.S. indexes. Gains of 3.2% for Amazon and 2.2% for Microsoft were the two strongest forces lifting the S&P 500. All told, the S&P 500 rose 34.26 points to 6,021.63. The Dow gained 123.74 to 44,860.31, and the Nasdaq composite climbed 119.46 to 19,174.30. In the bond market, Treasury yields held relatively steady following their big drop from a day before driven by relief following Trump’s pick for Treasury secretary. The yield on the 10-year Treasury inched up to 4.29% from 4.28% late Monday, but it’s still well below the 4.41% level where it ended last week. In the crypto market, bitcoin continued to pull back after topping $99,000 for the first time late last week. It’s since dipped back toward $91,000, according to CoinDesk. It’s a sharp turnaround from the bonanza that initially took over the crypto market following Trump’s election. That boom had also appeared to have spilled into some corners of the stock market. Strategists at Barclays Capital pointed to stocks of unprofitable companies, along with other areas that can be caught up in bursts of optimism by smaller-pocketed “retail” investors. AP Business Writer Elaine Kurtenbach contributed. Copyright 2024 The Associated Press. All rights reserved. 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Wade Taylor IV helps No. 13 Texas A&M rout Abilene Christian

Stock market today: Wall Street hits records despite tariff talkNone

Wade Taylor IV helps No. 13 Texas A&M rout Abilene Christian

Dodgers announce 5-year contract with LHP Blake Snell

LSU quarterback Garrett Nussmeier (13) leads his teammates onto the field before kickoff against Florida, Saturday, November 16, 2024, at Ben Hill Griffin Stadium in Gainesville, Fla. Facebook Twitter WhatsApp SMS Email Print Copy article link Save LSU and Oklahoma have met three times in their storied histories — but never in Tiger Stadium. That will change at 6 p.m. Saturday, when the Tigers (7-4) and Sooners (6-5) meet to wrap up their regular seasons. Because Oklahoma upset Alabama last week, both teams are bowl eligible, with hopes of ending their disappointing years on a positive note. Can LSU run the ball efficiently? It did last week, when a productive rushing attack keyed a bounce-back win over Vanderbilt. But Oklahoma's defense is a different challenge. The Sooners have one of the 20 best rushing defenses in the country. Follow along here for live updates and analysis from the final game before the Tigers begins their preparation for a bowl game and turn the page to an important offseason. Pregame Updates 4:40 p.m. — LSU left guard Garrett Dellinger (ankle) is out. He has not played since Oct. 26, when he suffered a high ankle sprain in the Tigers' loss to Texas A&M. LSU listed him as questionable this week on its availability report. 4:30 p.m. — Here's a pre-game read on LSU receiver CJ Daniels , who's inspired by his mom’s epilepsy fight and wants to spread awareness of the neurological disorder. Check it out here .

Micheál Martin sees ‘clear path’ back to Government – and says polls ‘give Fianna Fáil heart attacks all the time’Donald Trump on Saturday sided with Elon Musk, a key supporter and billionaire tech CEO, in a public dispute over the use of the H-1B visa, saying he fully backs the program for foreign tech workers opposed by some of his supporters. Trump’s remarks followed a series of social media posts from Musk, the CEO of Tesla and SpaceX , who vowed late Friday to go to “war” to defend the visa program for foreign tech workers. Trump, who moved to limit the visa’s use during his first presidency, told the New York Post on Saturday he was likewise in favor of the visa program. “I have many H-1B visas on my properties. I’ve been a believer in H-1B. I have used it many times. It’s a great program,” he was quoted as saying. Musk, a naturalized US citizen born in South Africa, has held an H-1B visa, and his electric-car company Tesla obtained 724 of the visas this year. H-1B visas are typically for three-year periods, though holders can extend them or apply for green cards. The altercation was set off earlier this week by far-right activists who criticized Trump’s selection of Sriram Krishnan, an Indian American venture capitalist, to be an adviser on artificial intelligence, saying he would have influence on the Trump administration’s immigration policies. Musk’s tweet was directed at Trump’s supporters and immigration hard-liners who have increasingly pushed for the H-1B visa program to be scrapped amid a heated debate over immigration and the place of skilled immigrants and foreign workers brought into the country on work visas. On Friday, Steve Bannon, a longtime Trump confidante, critiqued “big tech oligarchs” for supporting the H-1B program and cast immigration as a threat to western civilization. In response, Musk and many other tech billionaires drew a line between what they view as legal immigration and illegal immigration. Trump has promised to deport all immigrants who are in the US illegally, deploy tariffs to help create more jobs for American citizens and severely restrict immigration. The visa issue highlights how tech leaders like Musk – who has taken an important role in the presidential transition, advising on key personnel and policy areas – are now drawing scrutiny from his base. The US tech industry relies on the government’s H-1B visa program to hire foreign skilled workers to help run its companies, a labor force that critics say undercuts wages for American citizens. Musk spent more than a quarter of a billion dollars helping Trump get elected in November. He has posted regularly this week about the lack of homegrown talent to fill all the needed positions within American tech companies.