
(Bloomberg) — Trading in Ricardo Salinas Pliego’s flagship holding company, Grupo Elektra, remained halted as bids triggered a circuit breaker for a second straight session, stalling transactions that would slash the billionaire’s net wealth. The highest bids on Monday were around 420 pesos per share, compared with the 944.95 pesos the stock last traded at in July, according to data compiled by Bloomberg. Trading is automatically halted by the Mexican stock exchange when a share falls more than 15%. Bolsa Mexicana de Valores lifted a trading ban on Elektra on Friday, four months after it was imposed following a dispute with a creditor. Salinas, Mexico’s third-richest man, has fought the resumption in trading which would see his net wealth of over $10 billion tumble. Lifting the ban “will generate irreparable damage to the company, generating instability and distortion in the markets, causing conditions contrary to the healthy uses and practices of the market and putting all investors at risk,” Elektra said in a statement Friday. It didn’t immediately comment further when contacted Monday. Elektra was removed from the country’s benchmark stock index earlier this year after a month with no trading amid the creditor dispute. That means exchange-traded fund managers like BlackRock Inc and The Vanguard Group will likely seek to unload the stock once trading does resume. BlackRock and Vanguard are the biggest current holders of Elektra after Salinas, who owns almost 80% of the shares outstanding, according to data compiled by Bloomberg. Salinas built his empire over the last four decades out of family businesses that included Elektra, which was founded in 1950 to assemble radios and later TVs. Today, Elektra stores offer white goods, telephones and , and include branches of Banco Azteca, which help customers’ finance purchases. Salinas also controls Mexico’s No. 2 television broadcaster, as well as closely-held cable, security and energy companies. Analysts dropped coverage of Elektra in the wake of Salinas’ 2012 battle with Mexico’s stock exchange, when it first tried to kick the stock off the benchmark IPC index due to allegations that the company was manipulating the amount of floating shares in the market. Dispute The stock trading halt was put in place in July at the request of Elektra, which warned regulators of a possible fraud. Salinas has since sued a company that lent him $110 million, using 7.2 million Elektra shares as collateral. His lawyers have alleged in a UK court that most of those shares were sold to fund the loans, and the rest pocketed by the lender. As the deadline for trading to resume approached, Elektra said last week that it had won a court order blocking the comeback. In a separate statement, it added that the exchange had decided to suspend trading for 20 business days. But the country’s securities regulator CNBV ordered the exchange to resume trading, saying it had not been informed of the ruling. An exchange spokesman confirmed the suspension had been lifted, though bids that keep triggering the exchange’s circuit breaker threshold have kept the halt in place. (Updates with context starting in first paragraph)BIRMINGHAM, England (AP) — Aston Villa says it has failed in an attempt to have Jhon Duran’s red card at Newcastle overturned on appeal. The 21-year-old Colombia international was sent off 32 minutes into a 3-0 defeat in the Premier League at St. James’ Park on Thursday after appearing to stamp on defender Fabian Schar, prompting a furious reaction from Villa head coach Unai Emery, who later indicated that the club would appeal. However, Villa said Friday night that its bid was unsuccessful and the forward will now serve a three-match ban for violent conduct. “Aston Villa can confirm that our decision to appeal Jhon Duran’s red card in our match with Newcastle United has been rejected," a statement on read. "The player will now miss our next three matches.” Duran will miss Premier League games against Brighton and Leicester, followed by Villa's FA Cup third-round match with West Ham on Jan. 10. AP soccer:UP delegation in Jharkhand, invites people to visit Prayagraj Mahakumbh 2025
NoneOTTAWA — Two senior members of the federal cabinet were in Florida Friday pushing Canada's new $1.3 billion border plan with members of Donald Trump's transition team, a day after Prime Minister Justin Trudeau himself appeared to finally push back at the president-elect over his social media posts about turning Canada into the 51st state. Finance Minister Dominic LeBlanc and Foreign Affair Minister Melanie Joly shared few details of their meetings in Palm Beach, simply saying in a statement the U.S. officials they met with took notes and agreed to relay messages to Trump. "Minister LeBlanc and Minister Joly had a positive, productive meeting at Mar-a-Lago with Howard Lutnick and Doug Burgum, as a followup to the dinner between the prime minister and President Trump last month," wrote Jean-Sébastien Comeau, a spokesman for LeBlanc. Lutnick is Trump's nominee for commerce secretary, and Burgum is the former governor of North Dakota and current nominee for secretary of the interior. When announcing Lutnick as his commerce pick Trump said the chief executive of the financial firm Cantor Fitzgerald would be in charge of the Trump "tariff and trade agenda." "Both Ministers outlined the measures in Canada’s Border Plan and reiterated the shared commitment to strengthen border security as well as combat the harm caused by fentanyl to save Canadian and American lives." He added the ministers agreed to continue the discussions in the coming weeks. Joly is also expected to meet in Florida with senator Lindsay Graham Friday evening. This trip comes less than four weeks before Trump is sworn in again as president. He has threatened to impose a new 25 per cent import tariff on Canada and Mexico the same day over concerns about a trade imbalance, as well as illegal drugs and migration issues at the borders. The broad strokes of Canada's new border plan were made public Dec. 17, including a new aerial intelligence task force to provide round-the-clock surveillance of the border, and improved efforts using technology and canine teams to seek out drugs in shipments leaving Canada. Comeau said earlier Friday morning the ministers would also emphasize the negative impacts of Trump's threatened tariffs on both Canada and the U.S. Comeau said the ministers were to build on the discussions that took place last month when Trudeau and LeBlanc met Trump at Mar-a-Lago just days after Trump first made his tariff threat. It was at that dinner on Nov. 29 when Trump first raised the notion of Canada becoming the 51st state, a comment LeBlanc has repeatedly since insisted was just a joke. But Trump has continued the quip repeatedly in various social media posts, including in his Christmas Day message when he said Canadians would pay lower taxes and have better military protection if they became Americans. He has taken to calling Trudeau "governor" instead of prime minister. It isn't clear if LeBlanc raised the issue with Trump's team in Palm Beach Friday. Trudeau had not directly responded to any of the jabs, but on Thursday posted a link to a six-minute long video on YouTube from 2010 in which American journalist Tom Brokaw "explains Canada to Americans." "Some information about Canada for Americans" was all he wrote in the post. The video, which originally aired during the 2010 Vancouver Olympics, explains similarities between the two countries, including their founding based on immigration, their trading relationship and the actions of the Canadian Army in World War 2 and other modern conflicts. "In the long history of sovereign neighbours there has never been a relationship as close, productive and peaceful as the U.S. and Canada," Brokaw says in the video. Former Bank of Canada governor Mark Carney, who is at the centre of some of Trudeau's recent domestic political troubles, also called out Trump's antics on X Thursday, calling it "casual disrespect" and "carrying the 'joke' too far." "Time to call it out, stand up for Canada, and build a true North American partnership," said Carney, who Trudeau was courting to join his cabinet before Chrystia Freeland resigned as finance minister last week. Freeland's sudden departure, three days after Trudeau informed her he would be firing her as finance minister in favour of Carney, left Trudeau's leadership even more bruised than it already was. Despite the expectation Carney would assume the role, he did not and has not made any statements about it. LeBlanc was sworn in as finance minister instead the same day Freeland quit. More than two dozen Liberal MPs have publicly called on Trudeau to resign as leader, and Trudeau is said to be taking the holidays to think about his next steps. He is currently vacationing in British Columbia. He did not make a public statement about the meeting as of publication. This report by The Canadian Press was first published Dec. 27, 2024. Alessia Passafiume, The Canadian PressBy EDDIE PELLS When the page turns on 2024, it will be time to say goodbye, once and for all, to the amateur athlete in college sports. Related Articles Sports | Team of the Week: Cuyamaca College makes history with state soccer championship Sports | San Diego’s Athletes of the Week include holiday tournament stars in basketball and wrestling Sports | Netflix is airing 2 NFL games on Christmas Day. Here’s what to know Sports | Padres roster review: Brandon Lockridge Sports | Fantasy Football Week 17: Waiver Wire Targets In theory, the concept held on stubbornly via the quaint and now all-but-dead notion that student-athletes played only for pride, a scholarship and some meal money. In practice, the amateurs have been disappearing for years, washed away by the steady millions, now billions, that have flowed into college athletics, mostly through football and basketball both through legitimate and illicit means. In the coming year, the last vestiges of amateur college sports are expected to officially sputter out — the final step of a journey that has felt inevitable since 2021. That’s when the Supreme Court laid the foundation for paying college players in exchange for promotions — on social media, TV, video games, you name it — featuring their name, image or likeness (NIL). The changes have come in spasms so far, not always well thought out, not always fair and not regulated by any single entity like the NCAA or federal government, but rather by a collection of state laws, along with rules at individual schools and the leagues in which they play. But on April 7, the day final approval is expected for the landmark, $2.8 billion lawsuit settlement that lays the foundation for players to receive money directly from their schools, what was once considered anathema to the entire concept of college sports will become the norm. David Schnase, the NCAA’s vice president for academic and membership affairs, acknowledges that maintaining the unique essence of college sports is a challenge in the shifting landscape. “You can use the word ‘pro,’ you can use the word ‘amateur,’ you can attach whatever moniker you want to it, but those are just labels,” Schnase said. “It’s much less about labels and more about experiences and circumstances. Circumstances are different today than they were last year and they are likely going to be different in the foreseeable future.” Few would argue that college athletes should get something back for the billions they help produce in TV and ticket revenue, merchandise sales and the like. But is everyone going to cash in? Are college players really getting rich? Recent headlines suggest top quarterback recruit Bryce Underwood was lured to Michigan thanks to funding from billionaire Oracle founder Larry Ellison, and that a top basketball recruit, A.J. Dybantsa, is heading to BYU — not a hoops powerhouse — for the reported price of $7 million. For every Underwood or Dybantsa, though, there are even more Matthew Slukas and Beau Pribulas. Sluka’s agent says his son agreed to play quarterback at UNLV after a promise of receiving $100,000 and quit three games into the season after the checks never came. Pribula was the backup quarterback at Penn State who abruptly entered the transfer portal earlier this month, choosing the college version of free agency over a chance to play with the Nittany Lions in the College Football Playoff. He’s not the only one hitting the portal in hopes of getting rich before new regulations related to the NCAA settlement take effect. “We’ve got problems in college football,” Penn State coach James Franklin said. The settlement will overhaul the current system. Currently, players receive money via third-party collectives that are booster-funded groups affiliated with individual schools. Coming up fast: the schools paying the athletes directly — the term often used here is “revenue sharing” — with collectives still an option, but not the only one. “It’s going to be more transparent,” said Jeff Kessler, the plaintiffs’ attorney and antitrust veteran who helped shape the settlement. “If anything, having the schools handling all the payments is only going to improve the system.” The NCAA has started collecting data about NIL payments, which date to July 2021. Its first set of numbers, which includes data from more than 140 schools across more than 40 sports in 2024, show a bracing disconnect between have and have-nots. For instance, average earnings for football and men’s and women’s basketball players is nearly $38,000. But the median earning — the middle number among all the data points on the list — is only $1,328, a sign of how much the biggest contracts skew the average. The statistics also show a vast difference in earnings between men and women, an issue that could impact schools’ ability to comply with Title IX. That 1972 law requires schools to provide equal athletic scholarships and financial aid but not necessarily that they spend the same dollar amount on men and women. Heading into 2025, there is no clarity on how this issue will play out. Regardless, the numbers are jarring. The NCAA data set shows the average earnings for women in 16 sports was $8,624, compared with $33,321 for men in 11 sports. Men,’s basketball players averaged $56,000 compared with $11,500 for women. The biggest losers from this move toward a professional model could be all the swimmers and wrestlers and field hockey players — the athletes in the so-called non-revenue sports whose programs also happen to serve as the backbone of the U.S. Olympic team. Only a tiny percentage of those athletes are getting rich, and now that universities have to use revenue to pay the most sought-after players in their athletic programs, there could be cuts to the smaller sports. Also, someone’s going to have backfill the revenue that will now go to the players. Well-heeled donors like Ellison are not around for every school, nor have private equity firms started sending money. The average fan will have to pony up, and the last six months have seen dozens if not hundreds of athletic directors begging alumni for money and warning them of changes ahead. Already there are schools placing surcharges on tickets or concessions . How will fans respond to a more transactional model of college sports? “I don’t know that fans have this really great love for the idea of 100% pure amateurism,” said Nels Popp, a University of North Carolina sports business professor. “I think what they care about is the colors and the logos and the brand. I don’t know that it matters to them if the players are making a little bit of money or a lot of money. They’ve been making money for the last couple years, and I don’t know that that’s making fans really back off.” The last time amateurism came under such assault was in the 1980s, when the Olympics unwound the final remnants of pretending the vast majority of their athletes were anything other than full-time professionals. The transformation was tinged with a note of honesty: The people putting on the show should reap some benefits from it. Even 40 years later, there’s an good argument they remain underpaid. The contours of the same debate are shaping up in college sports. Athletes are pushing for a players’ association that would add more transparency to a business that, even with the changes coming, is still largely dictated by the schools. The NCAA, while acceding to the need to pay the players, wants nothing to do with turning them into actual employees of the schools they play for. It’s an expensive prospect that is winding its way through the legal system via lawsuits and labor hearings that many in college sports are desperate to avoid for fear it will push the entire industry off the financial cliff. Among the few things everyone agrees on is that things aren’t going back to a time when athletes pretended to play for pride while the money moved under tables and through shadows. And that this, in fact, could only be the start, not the end, of the transformation of college sports. “At some point, I think people might have to understand that maybe college athletes don’t go to college anymore,” Popp said. “Or maybe they don’t go to class during the season. There could be more radical changes, and as long as they’re wearing the right logo and the right colors, I’m not sure that fans really care.” Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football
President-elect Donald Trump asked the Supreme Court on Friday to pause the potential TikTok ban from going into effect until his administration can pursue a “political resolution” to the issue. The request came as TikTok and the Biden administration filed opposing briefs to the court, in which the company argued the court should strike down a law that could ban the platform by Jan. 19 while the government emphasized its position that the statute is needed to eliminate a national security risk. Recommended Videos “President Trump takes no position on the underlying merits of this dispute. Instead, he respectfully requests that the Court consider staying the Act’s deadline for divestment of January 19, 2025, while it considers the merits of this case,” said Trump’s amicus brief, which supported neither party in the case and was written by D. John Sauer, Trump’s choice for solicitor general. The argument submitted to the court is the latest example of Trump inserting himself in national issues before he takes office. The Republican president-elect has already begun negotiating with other countries over his plans to impose tariffs, and he intervened earlier this month in a plan to fund the federal government, calling for a bipartisan plan to be rejected and sending Republicans back to the negotiating table. Trump has also reversed his position on the popular app, having tried to ban it during his first term in office over national security concerns. He joined the app during his 2024 presidential campaign and his team used it to connect with younger voters, especially male voters, by pushing content that was often macho and aimed at going viral. He said earlier this year that he still believed there were national security risks with TikTok, but that he opposed banning it. This month, Trump also met with TikTok CEO Shou Chew at his Mar-a-Lago club in Florida. The filings Friday come ahead of oral arguments scheduled for Jan. 10 on whether the law, which requires TikTok to divest from its China-based parent company or face a ban, unlawfully restricts speech in violation of the First Amendment. The law was was signed by President Joe Biden in April after it passed Congress with broad bipartisan support. TikTok and ByteDance filed a legal challenge afterwards. Earlier this month, a panel of three federal judges on the U.S. Court of Appeals for the District of Columbia Circuit unanimously upheld the statute , leading TikTok to appeal the case to the Supreme Court. The brief from Trump said he opposes banning TikTok at this junction and “seeks the ability to resolve the issues at hand through political means once he takes office.” In their brief to the Supreme Court on Friday, attorneys for TikTok and its parent company ByteDance argued the federal appeals court erred in its ruling and based its decision on “alleged ‘risks’ that China could exercise control” over TikTok’s U.S. platform by pressuring its foreign affiliates. The Biden administration has argued in court that TikTok poses a national security risk due to its connections to China. Officials say Chinese authorities can compel ByteDance to hand over information on TikTok’s U.S. patrons or use the platform to spread or suppress information. But the government “concedes that it has no evidence China has ever attempted to do so,” TikTok’s legal filing said, adding that the U.S. fears are predicated on future risks. In its filing Friday, the Biden administration said because TikTok “is integrated with ByteDance and relies on its propriety engine developed and maintained in China,” its corporate structure carries with it risk.
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By MATTHEW BROWN and JACK DURA BISMARCK, N.D. (AP) — Donald Trump assigned Doug Burgum a singular mission in nominating the governor of oil-rich North Dakota to lead an agency that oversees a half-billion acres of federal land and vast areas offshore: “Drill baby drill.” That dictate from the president-elect’s announcement of Burgum for Secretary of Interior sets the stage for a reignition of the court battles over public lands and waters that helped define Trump’s first term, with environmentalists worried about climate change already pledging their opposition. Burgum is an ultra-wealthy software industry entrepreneur who grew up on his family’s farm. He represents a tame choice compared to other Trump Cabinet picks. Public lands experts said his experience as a popular two-term governor who aligns himself with conservationist Teddy Roosevelt suggests a willingness to collaborate, as opposed to dismantling from within the agency he is tasked with leading. That could help smooth his confirmation and clear the way for the incoming administration to move quickly to open more public lands to development and commercial use. “Burgum strikes me as a credible nominee who could do a credible job as Interior secretary,” said John Leshy, who served as Interior’s solicitor under former President Bill Clinton. “He’s not a right-wing radical on public lands,” added Leshy, professor emeritus at the University of California College of the Law, San Francisco. The Interior Department manages about one-fifth of the country’s land with a mandate that spans from wildlife conservation and recreation to natural resource extraction and fulfilling treaty obligations with Native American tribes. Most of those lands are in the West, where frictions with private landowners and state officials are commonplace and have sometimes mushroomed into violent confrontations with right-wing groups that reject federal jurisdiction. Burgum if confirmed would be faced with a pending U.S. Supreme Court action from Utah that seeks to assert state power over Interior Department lands. North Dakota’s attorney general has supported the lawsuit, but Burgum’s office declined to say if he backs Utah’s claims. U.S. Justice Department attorneys on Thursday asked the Supreme Court to reject Utah’s lawsuit. They said Utah in 1894 agreed to give up its right to the lands at issue when it became a state. Trump’s narrow focus on fossil fuels is a replay from his 2016 campaign — although minus coal mining, a collapsing industry that he failed to revive in his first term. Trump repeatedly hailed oil as “liquid gold” on the campaign trail this year and largely omitted any mention of coal. About 26% of U.S. oil comes from federal lands and offshore waters overseen by Interior. Production continues to hit record levels under President Joe Biden despite claims by Trump that the Democrat hindered drilling. But industry representatives and their Republican allies say volumes could be further boosted. They want Burgum and the Interior Department to ramp up oil and gas sales from federal lands, in the Gulf of Mexico and offshore Alaska. The oil industry also hopes Trump’s government efficiency initiative led by billionaire Elon Musk can dramatically reduce environmental reviews. Biden’s administration reduced the frequency and size of lease sales, and it restored environmental rules that were weakened under Trump . The Democrat as a candidate in 2020 promised further restrictions on drilling to help combat global warming, but he struck a deal for the 2022 climate bill that requires offshore oil and gas sales to be held before renewable energy leases can be sold. “Oil and gas brings billions of dollars of revenue in, but you don’t get that if you don’t have leasing,” said Erik Milito with the National Ocean Industries Association, which represents offshore industries including oil and wind. Trump has vowed to kill offshore wind energy projects. But Milito said he was hopeful that with Burgum in place it would be “green lights ahead for everything, not just oil and gas.” It is unclear if Burgum would revive some of the most controversial steps taken at the agency during Trump’s first term, including relocating senior officials out of Washington, D.C., dismantling parts of the Endangered Species Act and shrinking the size of two national monuments in Utah designated by former President Barack Obama. Officials under Biden spent much of the past four years reversing Trump’s moves. They restored the Utah monuments and rescinded numerous Trump regulations. Onshore oil and gas lease sales plummeted — from more than a million acres sold annually under Trump and other previous administrations, to just 91,712 acres (37,115 hectares) sold last year — while many wind and solar projects advanced. Developing energy leases takes years, and oil companies control millions of acres that remain untapped. Biden’s administration also elevated the importance of conservation in public lands decisions, adopting a rule putting it more on par with oil and gas development. They proposed withdrawing parcels of land in six states from potential future mining to protect a struggling bird species, the greater sage grouse. North Dakota is among Republican states that challenged the Biden administration’s public lands rule. The states said in a June lawsuit that officials acting to prevent climate change have turned laws meant to facilitate development into policies that obstruct drilling, livestock grazing and other uses. Oil production boomed over the past two decades in North Dakota thanks in large part to better drilling techniques. Burgum has been an industry champion and last year signed a repeal of the state’s oil tax trigger — a price-based tax hike industry leaders supported removing. Burgum’s office declined an interview request. In a statement after his nomination, Burgum echoed Trump’s call for U.S. “energy dominance” in the global market. The 68-year-old governor also said the Interior post offered an opportunity to improve government relations with developers, tribes, landowners and outdoor enthusiasts “with a focus on maximizing the responsible use of our natural resources with environmental stewardship for the benefit of the American people.” Related Articles National Politics | Judge delays Trump hush money sentencing in order to decide where case should go now National Politics | Republicans scramble to fill JD Vance’s Ohio Senate seat National Politics | Gaetz’s withdrawal highlights how incoming presidents often lose Cabinet nominees National Politics | What to know about Pam Bondi, Trump’s new pick for attorney general National Politics | Democrat Bob Casey concedes to Republican David McCormick in Pennsylvania Senate contest Under current Interior Secretary Deb Haaland, the agency put greater emphasis on working collaboratively with tribes, including their own energy projects . Haaland, a member of the Pueblo of Laguna tribe in New Mexico, also advanced an initiative to solve criminal cases involving missing and murdered Indigenous peoples and helped lead a nationwide reckoning over abuses at federal Indian boarding schools that culminated in a formal public apology from Biden. Burgum has worked with tribes in his state, including on oil development. Badlands Conservation Alliance director Shannon Straight in Bismarck, North Dakota, said Burgum has also been a big supporter of tourism in North Dakota and outdoor activities such as hunting and fishing. Yet Straight said that hasn’t translated into additional protections for land in the state. “Theodore Roosevelt had a conservation ethic, and we talk and hold that up as a beautiful standard to live by,” he said. “We haven’t seen it as much on the ground. ... We need to recognize the landscape is only going to be as good as some additional protections.” Burgum has been a cheerleader of the planned Theodore Roosevelt Presidential Library in Medora, North Dakota. Brown reported from Billings, Montana.( MENAFN - EIN Presswire) Driving Efficiency, Safety, and Sustainability with Advanced Kitchen Exhaust Solutions NEW YORK CITY, NY, UNITED STATES, December 21, 2024 /EINPresswire / -- The restaurant industry is rapidly evolving thanks to cutting-edge innovations in kitchen hood and exhaust systems that are enhancing efficiency, safety, and sustainability. These advancements move beyond buzzwords; representing a significant leap forward for restaurants and commercial kitchens striving to maintain compliance, lower operational costs, and improve indoor air quality. From IoT-enabled smart hood systems that monitor and adjust ventilation in real-time to energy-efficient designs that recover waste heat, the future of kitchen exhaust systems is here. 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About Done Right Hood & Fire Safety Done Right Hood & Fire Safety provides comprehensive hood, exhaust, and fire suppression systems for restaurants and commercial kitchens. With over a decade of experience, Done Right Hood & Fire Safety's expertise is trusted by some of the most recognizable names in the industry, including Five Guys Burgers and Fries, Seasons 52, Burger King, Chili's, Longhorn Steakhouse, and more. Serving New York, New Jersey, and South Florida, Done Right is committed to delivering innovations that redefine industry standards. For more information about advancements in restaurant hood and exhaust design, or to learn more about Done Right Hood & Fire Safety visit . Jacob Chechkov Done Right Hood & Fire Safety +1 212-660-3232 email us here Visit us on social media: LinkedIn Legal Disclaimer: EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above. MENAFN21122024003118003196ID1109020249 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.NEW YORK (AP) — Stocks fell broadly on Friday as Wall Street closed out a holiday-shortened week on a down note. The losses were made worse by sharp declines for the Big Tech stocks known as the “Magnificent 7”, which can heavily influence the direction of the market because of their large size. The S&P 500 fell 66.75 points, or 1.1%, to 5,970.84. Roughly 90% of stocks in the benchmark index lost ground, but it managed to hold onto a modest gain of 0.7% for the week. The Dow Jones Industrial Average fell 333.59 points, or 0.8%, to 42,992.21. The tech-heavy Nasdaq composite fell 298.33 points, or 1.5%, to 19,722.03. Semiconductor giant Nvidia slumped 2.1%. Microsoft declined 1.7%. Each has a market value above $3 trillion, giving the companies outsized sway on the S&P 500 and the Nasdaq. A wide range of retailers also fell. Amazon fell 1.5% and Best Buy slipped 1.5%. The sector is being closely watched for clues on how it performed during the holiday shopping season. Energy stocks held up better than the rest of the market, with a loss of less than 0.1% as crude oil prices rose. “There’s just some uncertainty over this relief rally we’ve witnessed since last week,” said Adam Turnquist, chief technical strategist for LPL Financial. The S&P 500 gained nearly 3% over a 3-day stretch before breaking for the Christmas holiday. On Thursday, the index posted a small decline. Despite Friday's drop, the market is moving closer to another standout annual finish . The S&P 500 is on track for a gain of around 25% in 2024. That would mark a second consecutive yearly gain of more than 20%, the first time that has happened since 1997-1998. The gains have been driven partly by upbeat economic data showing that consumers continued spending and the labor market remained strong. Inflation, while still high, has also been steadily easing. A report on Friday showed that sales and inventory estimates for the wholesales trade industry fell 0.2% in November, following a slight gain in October. That weaker-than-expected report follows an update on the labor market Thursday that showed unemployment benefits held steady last week. The stream of upbeat economic data and easing inflation helped prompt a reversal in the Federal Reserve's interest rate policy this year. Expectations for interest rate cuts also helped drive market gains. The central bank recently delivered its third cut to interest rates in 2024. Even though inflation has come closer to the central bank's target of 2%, it remains stubbornly above that mark and worries about it heating up again have tempered the forecast for more interest rate cuts. Inflation concerns have added to uncertainties heading into 2025, which include the labor market’s path ahead and shifting economic policies under incoming President Donald Trump. Worries have risen that Trump’s preference for tariffs and other policies could lead to higher inflation , a bigger U.S. government debt and difficulties for global trade. Amedisys rose 4.7% after the home health care and hospice services provider agreed to extend the deadline for its sale to UnitedHealth Group. The Justice Department had sued to block the $3.3 billion deal, citing concerns the combination would hinder access to home health and hospice services in the U.S. The move to extend the deadline comes ahead of an expected shift in regulatory policy under Trump. The incoming administration is expected to have a more permissive approach to dealmaking and is less likely to raise antitrust concerns. In Asia, Japan’s benchmark index surged as the yen remained weak against the dollar. Stocks in South Korea fell after the main opposition party voted to impeach the country’s acting leader. Markets in Europe gained ground. Bond yields held relatively steady. The yield on the 10-year Treasury rose to 4.62% from 4.59% late Thursday. The yield on the two-year Treasury remained at 4.33% from late Thursday. Wall Street will have more economic updates to look forward to next week, including reports on pending home sales and home prices. There will also be reports on U.S. construction spending and snapshots of manufacturing activity.Having a pack of Crest Whitestrips in one’s bathroom has become as ubiquitous as a bottle of shampoo and now’s the perfect time to stock up on this beloved oral care item. Today, the iconic teeth whitening strips are 35 % off for Black Friday — matching their Amazon Prime Day price . It’s best to act quickly, though, because we don’t know how long this sale will last (but per our experience, it’s never too long.) The Crest 3D Whitestrips Professional Effects Plus teeth whitening strip kit contains 20 teeth whitening treatments each with 1 upper and 1 lower whitening strip (totaling 40 strips), plus two bonus one-hour express whitening treatments (totaling four strips). That’s 44 strips for 24 daily applications that will leave your teeth more sparkling for the next full year and beyond. All you need to do is use them once a day for 30 minutes. They are comfortable enough to wear while talking and drinking water, so you can simply pop them in and go about your day. Head on over to Amazon to take advantage of this spectacular deal and pile your bathroom cabinets sky-high with Whitestrips as far as the eye can see. Future you will thank you. “[...] I want to say that this product has impressed me soo much that this might be the longest review I ever wrote and no, I have not been sponsored or paid by this company, this is just my opinion and my honest review. Anyways, Crest 3D White Strips is one of those things that you didn’t know you needed but trust me, this thing it’s amazing. It went beyond my expectations and it’s one of those products that I’ll be buying on the regular from now on. Make sure that you are consistent and follow the directions when using it. The kit comes with 20 treatments + 2 One Hour Express treatments as a bonus. So it takes 20 days for the whole process plus 2 more days if you use the bonus treatments. One treatment per day and each treatment comes with 2 “whitening strips” one for lower and one for upper teeth. [...]” — Anthony Menendez (This review has been edited for length. Read the full review here .) “My dentist stated that over the counter products are pretty much as effective as in-office products now. My fiance and I purchase these strips and saw immediate and significant differences in the color of both of our smiles. There were so many strips provided in this packet that both of us were able to use these to the point that we were both happy with our results and still had more left over to continue to use for maintenance in the future. So even though it might feel expensive, this pack could last the two of us for at least a year. [...]” — AAndC (This review has been edited for length. Read the full review here .) “ I absolutely LOVE this product! I was reluctant to try them for so long in fear of them not working so great. Boy, was I wrong! I noticed how white my niece’s teeth were looking. I asked her what she was doing, because I honestly thought she was having her teeth professionally whitened by a dentist. To my surprise, she told me she was using Crest White Strips. So, I finally bought them and used the strips right away! I noticed a visible difference after one use. As a smoker, my teeth were looking yellow and I was self conscious about my smile. I couldn’t believe the difference just one use made. Now, after using them for a few weeks, my teeth are significantly whiter and brighter!! I am completely shocked and ecstatic with my results!! I smile bigger and wider these days and have won my confidence back again!!! Woo-hoo!!” — Maria G. “I got these bc my teeth were super stained from coffee and tea, and I was very self conscious of it, but literally after using just the 1 hour express ones that it comes with (it comes with 2 of them) I used one today and one 2 days ago, my teeth are GLOWING they aren’t yellow anymore and they are actually white for once, I was skeptical at first but these actually work Scarily well, they do make my teeth a little more sensitive right after using and that slowly fades over the next few hours.” — Donnie “My bottom teeth are pretty crowded, and gnarly. I have a 4 tooth upper bridge where my front 2 teeth had been knocked out on a fall when I was 7. I wasn’t sure if these whitening strips would work on my teeth. I am on day 5 of using the using the strips, and I can tell already that my permanent teeth are lightening up! They look better now, than after a cleaning at my dentist! I have to kind of tuck the strips onto my bottom teeth, bc they are so crowded, but they work! I haven’t noticed any teeth sensitivity yet, buy my gums are a tad irritated from the strips. Nothing so troublesome that I would discontinue using them. I’m very happy with this purchase.” — MaRyan R. Related From Our Partner
On Friday’s “Alex Marlow Show,” “Breitbart News Daily” host Mike Slater discussed the danger of relativism in culture. Slater said, “[T]here are three cultural expressions that people use all the time without even knowing it that are just wrong: Who are you to say? Beauty is in the eye of the beholder, and my truth. So, the ancient wisdom is you look for the good, the beautiful, and the true. So, we have the exact opposite of all of these.” “The Alex Marlow Show,” hosted by Breitbart Editor-in-Chief Alex Marlow, is a weekday podcast produced by Breitbart News and Salem Podcast Network. You can subscribe to the podcast on YouTube , Rumble , Apple Podcasts , and Spotify . Follow Breitbart.tv on Twitter @BreitbartVideo
Prosecutors play undercover recordings of Madigan at former speaker’s corruption trialDisney's Duncan Wardle to speak at Paul Bunyan Communications' TechXpo event
Xcel Energy Inc. stock underperforms Monday when compared to competitors despite daily gains
The Biggest GPU Launch Yet! New NVIDIA Gaming Cards Set to DropBruising year As 2024 comes to a close, Pakistan faces a harsh reality: the year has been marked by political instability, economic stagnation, security threats, and growing social unrest. Governance has been ineffective, with unfulfilled promises leading to widespread dissatisfaction among citizens. Security concerns also escalated, with terrorist activities increasing and the government’s inability to address them undermining public confidence. Moreover, political polarisation deepened, making it harder for the government to focus on national issues. Looking forward to 2025, the country stands at a critical juncture, and only bold, decisive action can avert further decline and ensure a prosperous future for its citizens. The government must prioritise transparent, accountable governance, implement anti-corruption measures, and focus on economic reforms to create jobs and foster sustainable growth. Security must be strengthened through a comprehensive strategy to combat terrorism, while efforts to address sectarian violence and promote social harmony are crucial. To regain stability and self-sufficiency, Pakistan must reduce its reliance on foreign loans and invest in domestic industries. Sajid Ali Bangash HanguWith the shopping season upon us, PYMNTS’ App Provider Rankings take a peek into shopping apps. And what we found were some strategies paying dividends in retail app usage and access. We’ll start with Ulta Beauty , the cosmetics and skincare retailer, which has been on a mission to overhaul its digital presence to counter rising competition and enhance customer loyalty. It posted 5 points on the App Provider Rankings for a total of 48. The company’s mobile app , now accounting for two-thirds of eCommerce sales , has seen a 16% increase in adoption through targeted communications and exclusive offers. In a bid to amplify its social media impact, Ulta has doubled its influencer network and launched “Ulta Beauties,” an employee ambassador program. These initiatives have generated more than 250 million social impressions and increased earned media value. The company is also expanding its retail media network, UB Media , partnering with Rokt to introduce aritifical intelligence -powered non-endemic ads. This move allows brands like Hulu and PayPal to reach Ulta’s loyal customer base. Additionally, Ulta has introduced new digital platforms, including a beauty community forum and wellness-focused content hub . Target , which registered 3 points on the App Provider Rankings for a total of 68, changed its mobile app to address frustrating customer behavior impacting its employees . The retailer’s Drive Up service, which allows customers to shop online and have their items delivered to their car, has been plagued by a practice called “double tapping,” where customers click the “I’m on my way” button, then immediately follow up with the “I’m here” button, interrupting the preparation process for workers. In response to complaints, Target updated its app to prevent customers from tapping both buttons in quick succession , now prompting users with a message urging them to allow extra time for order fulfillment. This update follows a recent change to its return policy aimed at preventing fraud. In its third-quarter financial results released Wednesday (Nov. 20), Target reported double-digit increases in Drive Up orders. Meanwhile, Best Buy posted 3 points on the App Provider Rankings for a total of 63. PrettyLittleThing and The Home Depot rounded out the top five “ Movers and Shakers ,” with each posting three points on the App Provider Rankings. Home Depot is driving its digital transformation with the launch of “Sidekick,” a machine learning-powered mobile app that provides store associates with real-time insights to prioritize tasks and quickly identify out-of-stock items. The company also revamped its Pro Xtra loyalty program with a tiered structure (Member, Elite, and VIP) that offers exclusive benefits to high-spending customers, such as prioritized support and personalized assistance, aimed at increasing customer loyalty and sales. The PYMNTS.com Shopping Apps page offers a monthly ranking of smartphone Shopping Apps, assessing them based on publicly available information and exclusive app usage data, helping users identify the top performers in the market. The ranking aims to provide precise insights into app performance, aiding stakeholders in making informed decisions.
Big Spring's Aidan Sallie, right, looks for room to shoot around Archbishop Carroll's Ian Willliams during the second quarter of the PIAA Class 4A first-round game at Big Spring High School. Sallie was the Bulldogs’ ticket to a memorable and wild 2023-24 ride. As a junior, he averaged 22.4 points, 7.0 rebounds and 1.8 steals per game and eclipsed 1,000 points for his career. In addition to the individual accolades, the guard-forward combo helped usher Big Spring to a program-best 19 wins, the Bulldogs’ first PIAA tournament appearance and their first District 3 final since 1963. Sallie was tabbed a Class 4A All-State second team selection and was named the Mid-Penn Colonial All-Division Player of the Year. Get local news delivered to your inbox!
OpenAI restructures to public benefit corporation, aims to raise capitalTHE past 12 months will go down in history for many things – but it was the year Ireland broke all of its own records at the Olympic Games. The Paris spectacular made superstars out of everyone from swim king Daniel Wiffen to track queen Rhasidat Adeleke, as Team Ireland came home with four gold and three bronze medals – our best ever showing. In the United States, Donald Trump dominated the headlines all year long before edging out Kamala Harris to reclaim the White House. And abroad, Israel laid siege on Gaza and Lebanon while Russia continued to wage war on Ukraine in another year marked by global instability and a shift in many countries to the right. We went to the polls in November and despite a disastrous campaign for Fine Gael and Simon Harris, the party looks set to go back into government following its third place finish. Our footballers had a year to forget – the men failed to make much progress under a new manager and the women missed out on a place at next summer’s Euros. The GAA season was marked by a changing of the guard in football and a glorious hurling season, ending with a desperate bid to change the rules of football which had become a hard watch for fans. But how much of it do you remember? Try the Irish Sun mini quiz of the year. 1) Which veteran singer became the first to win an Emmy, Golden Globe, Oscar and Tony in January? 2) Name the Putin critic who died in a Siberian prison in February? 3) Which team won back to back Super Bowls in February? 4) Beyonce became the first black female artist to top which charts in February? 5) Which epic movie won SEVEN Oscars including Best Picture in March? 6) What did Jon Voight and Megan Fox achieve that same month? 7) In March, why did Kate Middleton, the Princess of Wales, cause a major storm? 8) Which Titanic prop involved in the rescue of Kate Winslet’s character sold for over $700,000 at auction? 9) In which US city did a bridge collapse killing six people in April? 10) Larry David brought an end to what in April? 11) Which singer put on a free gig in Rio de Janeiro for 1.6million fans in May? 12) Which US politician survived two assassination attempts in just two months? 13) May saw Ireland do well in Eurovision for the first time in years — where did Bambie Thug finish? 14) Who pipped Bryson DeChambeau to win the US PGA golf major in May? 15) Also in May, which company did Scarlett Johansson say used her voice without her permission? 16) Which Wikileaks founder was freed from a British prison in June? 17) Also that month Dick Van Dyke became the oldest winner of a what for his role in Days Of Our Lives? 18) Which county sent the defending champions Dublin flying from the GAA senior men’s football championship in June? 19) Who did Keir Starmer replace as UK Prime Minister back in July? 20) Which country temporarily banned Elon Musk’s X/Twitter in July? 21) Name the Icelander who took over as Ireland’s senior men’s soccer team in July? 22) Kellie Harrington fought at the August Olympics, but how many gold medals has the Irish boxer won? 23) Rhasidat Adeleke, Phil Healy, Sophie Becker and who went agonisingly close to winning bronze in the 4x400m relay in Paris in August? (Hint, there’s a clue above!) 24) What was unusual about how gold medal winners Fintan McCarthy and Paul O’Donovan, and Team Ireland member Natalie Long got home to Cork from Dublin after the Olympics in August? 25) Which September hurricane was the costliest in US history? 26) How did Claudia Sheinbaum make history in October? 27) Also that month, which Sinn Fein TD resigned from the party, later to run in the general election as an Independent? 28) Which US music legend and former Michael Jackson producer died aged 91 in November? 29) Ireland finally went to the polls in November — name the former Health Minister who lost his seat? 30) Which pop star’s world tour grossed $2billion in December? 1) Elton John, 2) Alexei Navalny, 3) Kansas City Chiefs, 4) US country, 5) Oppenheimer, 6) Worst actors at the Razzies, 7) She admitted editing a family portrait, 8) Door she was floating on, 9) Baltimore, 10) Curb Your Enthusiasm, 11) Madonna, 12) Donald Trump, 13) Sixth, 14) Xander Schauffele, 15) Open AI, 16) Julian Assange, 17) A Daytime Emmy, 18) Galway, 19) Rishi Sunak, 20) Brazil, 21) Heimer Hallgrimsson, 22) Two, 23) Sharlene Mawdsley, 24) They got a lift from a fellow airline passenger, 25) Helene, 26) First woman President of Mexico, 27) Brian Stanley, 28) Quincy Jones, 29) Stephen Donnelly, 30) Taylor Swift