Tariff Threats Show Trump’s Commitment to Upending Global TradeStock market today: Wall Street hits records despite tariff talk
Indian singer Diljit Dosanjh’s performance on his ongoing Dil-Luminati tour took an unexpected turn when he slipped on stage during his hit track “Patiala Peg.” The incident, which occurred mid-performance at the live concert in Ahmedabad, was caught on video and quickly went viral on social media. Despite the mishap, Dosanjh regained his balance and continued his energetic performance. Pausing the music to address the issue, the singer explained that the pyrotechnics used during the show had caused fuel to spill onto the stage, resulting in the slip. “Bhai yahan pe fire jo chhodte ho, mat chhodo. Tel aata hai yahan. I am okay,” Dosanjh told the audience, urging the organizers to halt the use of such effects to prevent further accidents. This slip brought back memories of a similar incident in the early 2010s when Dosanjh fell during a joint performance with Yo Yo Honey Singh on “Lakk 28.” However, the singer’s resilience shone through as he resumed the concert with the same high energy, keeping the crowd engaged. In addition to addressing the accident, Dosanjh also took the opportunity to discuss a legal matter that had recently surfaced. He revealed that he had received a legal notice before his Hyderabad concert, instructing him to remove references to alcohol and drugs from his songs. While no such notice had been issued for his Ahmedabad performance, Dosanjh took it in stride and altered the lyrics of “Patiala Peg” to avoid any controversy.Afghan citizens face complications in biometric ID card distribution
New research shows restaurant chains and food concepts are helping shopping malls regain their footing, driving consumers to the once-struggling spaces. The data from Yelp shows restaurants have become a driving force in this ever-changing retail landscape, helping to catapult visitor numbers above pre-pandemic levels at malls. Shoppers grab a bite to eat and then spend their money at various businesses before and after they dine out — creating a bounce-back effect for what has often been dubbed a "struggling industry." Days of packed shopping malls are beginning to return, but they look a bit different than what we were used to in the 1990s and early 2000s. RELATED STORY | Retailers say they're ready for potential Trump tariffs Take a drive past or step foot near Great Northern Mall in Ohio and you'll be greeted by one restaurant after the next. More are on the way, including a Texas Roadhouse in the near future. "Five times more traffic," Tony Ke, the owner of TJ Hibachi and Sushi said. Ke said through the ups and downs of the coronavirus pandemic, and many folks opting for online shopping over the years, things are finally turning around. He said business is booming with five times more traffic in the mall food court than in years past. "It's really getting better and better," Ke said. And he's not alone. Scripps News Cleveland followed through and spoke with Beverly Bolton, owner of Fortune's Cookies. The self-proclaimed community baker and Cleveland-area mom took a gamble, opening her first brick-and-mortar inside Great Northern a year ago. "It's been an adventure, but better than I expected," Bolton said. The local cookie shop has become so popular that she's been scouted to fill that nostalgic mall cookie void. "We've had some other malls approach us. Actually, use the space where Mrs. Fields used to be in," Bolton said. RELATED STORY | Big Lots continues some store closures as its bankruptcy proceeds Placer.AI reports shopping malls — whether it be open-air concepts or traditional malls like Great Northern — are on the rise again in 2024. The organization that tracks retail foot traffic reports the primary reason is restaurants and food concepts in malls. They are up 7% from 2019 to 2024. Yelp recently released a report of the top 25 mall brands, and 17 of the top 25 mall brands are restaurant chains: Food concepts are a driving force as well. This includes Filipino, Vegan and specifically Bubble Teas —which are up 100% over the last five years, according to Yelp. Michael Goldberg, a professor in the Department of Design Innovation at the Weatherhead School of Management at Case Western Reserve University, said a generation that has virtually lived online plays a critical role in the process. "Many Americans, particularly younger Americans, are focused on experiences and nothing is better than sharing food with friends," Goldberg said. Young social media influencers are eating food on camera, providing reviews and driving people to dive in and try the food. The TikTok generation has given a major boost to once-struggling brands and revived them tenfold. Case in point: Chili's Triple Dipper. "The thought that Chili's is back and being driven by influencer videos on TikTok is quite fascinating and, you know, I mean, there is a nostalgia for brands," Goldberg said. Localized community programming and holiday events like pictures with Santa are a mainstay at malls like Great Northern. Lori Weidleman, who has been cranking out pretzels at Auntie Anne's since 1997, said change is constant. However, she added it's become apparent people will pay for a quality product that takes them back to a special moment in life. "Ohio's doing really good. We're strong and beating our goals and our targets. And it's multi-generational interest," Weidleman said. This story was originally published by Mike Holden at Scripps News Cleveland .The connections are clear between the Tampa Bay Buccaneers and Carolina Panthers, longtime NFC South rivals. The teams get together for a meeting on Sunday in Charlotte and showed recent signs they can play with any team. "It's an NFC South battle," Buccaneers coach Todd Bowles said. "All of them are going to be hard, none of them (are) going to be easy. ... They're playing pretty good football. They missed some games here and there, but they're playing very good football. It's going to be a tough battle." Few introductions are needed on Sunday, as first-year Panthers coach Dave Canales came to Carolina after serving as Buccaneers offensive coordinator a season ago. Canales' prized pupil last season, Tampa Bay quarterback Baker Mayfield was with the Panthers for part of the 2022 campaign. "There's some familiarity," Canales said of his connection to the Buccaneers. "Knowing coach Bowles, he's got a really sophisticated system and he attacks each team with a specific game plan. There's some principles that carry over. I know that he's going to have some things up his sleeve." The Buccaneers (5-6) playing a division opponent for the first time since an Oct. 27 loss to the Atlanta Falcons. The goal will be notching back-to-back wins for the first time since the first two weeks of the season. Four different ball-carriers, including Mayfield, found the end zone on the ground during a 30-7 drubbing of the New York Giants last Sunday. Mayfield also completed 24 of 30 passes for 294 yards. "For me, the biggest thing was blocking and tackling," Bowles said of what his team did well last weekend. "We cleaned up the fundamental and technique part of it." Star wideout Mike Evans was back in action for Tampa Bay following a three-game absence due to a hamstring injury. He finished with five receptions for 68 yards against the Giants and now gets a crack at a Carolina team allowing a league-high 30.9 points per game this season. However, the Panthers have tightened up their play as of late, winning two games in a row before hanging with the two-time defending champion Kansas City Chiefs in a 30-27 setback last Sunday. The outing against Kansas City may have been the most efficient performance of Panthers quarterback Bryce Young's two-year career. Young completed 21 of 35 passes for 263 yards and one score without throwing a pick. "It's not all Bryce, it's the whole unit," Canales said. "It's a collective effort, but he certainly needs to be the voice and driver of that." Wide receiver Jalen Coker (quadriceps), tight end Ja'Tavion Sanders (neck) and safety Lonnie Johnson (personal) were all missing from practice on Wednesday for Carolina. Defensive end LaBryan Ray is dealing with a hand issue and was among those limited. Safety Jordan Whitehead (pectoral) was one of four Buccaneers to miss practice on Wednesday. Evans practiced in full. Carolina and Tampa Bay might as well get used to each other, as the two teams will collide again in Week 17. --Field Level MediaNEW 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. 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. This material may not be published, broadcast, rewritten or redistributed without permission. Subscribe to stay connected to Tucson. A subscription helps you access more of the local stories that keep you connected to the community. The business news you need Get the latest local business news delivered FREE to your inbox weekly.
FirstElectric customers' monthly bills will rise beginning with the new year, same with those of Columbia Gas, but the respective increases are far less than the utilities sought. The Pennsylvania Public Utility Commission commissioners voted unanimously Thursday to approve a $225 million rate increase and binding commitments to improve FirstElectric’s reliability and customer assistance and hardship programs. Columbia Gas of Pennsylvania Inc. was unanimously approved separately for a $74 million annual increase, which is 40% less than the $124.1 million it proposed. FirstElectric serves an estimated 2.1 million customers in 56 counties through four rate districts: Met-Ed, Penelec, Penn Power and West Penn Power. It had initially sought an annual rate increase of $503.8 million. The settlement represents a 55% negotiated reduction. Residential customers using 1,000 kilowatt-hours will see the following average monthly increases beginning Jan. 1, 2025 (proposed rates in parentheses): $3.49 ($17.30), Met-Ed; $8.33 ($19.79), Pennelec; $8.13 ($21.29), Penn Power; $9.71 ($16.62), West Penn. The PUC Board wrote in its order that FirstElectric’s proposed rates were “found to be unjust, unreasonable, and therefore unlawful.” By Dec. 21, 2024, FirstElectric must refund $13.6 million to its residential and commercial customers as one-time bill credits. FirstElectric can’t pursue another rate hike until the second quarter of 2026, with the earliest implementation by Jan. 1, 2027. Columbia Gas has 445,000 residential, commercial and industrial customers across 26 counties in western and southcentral Pennsylvania. Residential customers using an average of 70 therms of natural gas each month will see bills rise from $118.16 to $128.06. Columbia’s proposal would have increased the average to $136.92. The new rates take effect Dec. 14, 2024. The settlement also calls for Columbia to increase its annual budget for the Low Income Usage Reduction Program by $800,000 and create “plain language notifications” to customers in arrears and eligible for forgiveness, payment negotiations and more hardship supports. Settlement terms require FirstElectric to make it easier to enroll and remain in its customer assistance programs and within six months, make it automatic. FirstElectric will seek approval to automatically enroll recipients of the Low Income Home Energy Assistance Program in company programs designed to help customers avoid falling behind on their bills and connect with social agencies. FirstElectric must increase its annual budget for the Low Income Usage Reduction Program proportionate to the residential base distribution rate hike. It must also increase its hardship support fund by $2 million in additional annual shareholder contributions for the next three years, plus $500,000 in additional annual shareholder matching funds for grant assistance, according to PUC. System reliability improvements include 3.5% and 2.5% reductions, respectively, in electric outage duration and frequency, hiring more field workers, identifying opportunities by the end of 2025 to move facilities below ground as part of proposed updates to a long-term improvement plan, and performing annual audits on call center operations, billing, meter reading and response to customer complaints.No secrets as Bucs visit Dave Canales, Panthers for NFC South showdown
From the outside, the new dyslexia tutoring center at Northeast Iowa Community College in downtown Dubuque looks like many of the other rooms on the same floor. However, what happens inside is extraordinary. Children who struggle with reading can come here for one-on-one tutoring and resources that can help them and their caregivers on their literacy journey. A place like this didn’t exist in Dubuque just a year ago. In fact, the services provided here weren’t available within a 90-minute driving distance of Dubuque, creating an additional barrier for families already stressed about how to support their children outside of school. The tutoring center is more than just a resource – it is a testament to the generosity of our community. Everything from the space itself to the office furniture to funding for tutor training is thanks to partnerships between nonprofits, gifts from donors, and volunteer time from individuals. Our job at the Community Foundation of Greater Dubuque is to connect these generous community members with issues that people in our region face, which means we have a front row seat to our community at its best. We see the ways that generosity is making our region a thriving, welcoming place for everyone. During this season of generosity and gratitude, we are here as a resource for anyone who wants to give back to their community. By convening, learning from and listening to people from all corners of the region, we develop a deep understanding of the issues communities face. Then, we work with charitable-minded people to open funds that support causes they care about or contribute to existing funds that can address these issues. Since we opened our doors in 2003, the funds supported by people in our region have paid out $75 million to nonprofits, including $4.8 million so far this year. What does this mean for you? How can we help you give back? A good starting place – after you read this issue of 365ink – is to explore our Giving Center at dbqfoundation.org/give . This is an interactive listing of all the funds we and our eight affiliate foundations host across the seven-county Dubuque region. You can filter by county; search for categories like children, animals or the arts; and give online with a credit or debit card. You might also consider a complex gift, such as a gift of stock, land or grain, or a rollover contribution from a retirement account. Virtually any asset can be transformed into community impact, and our expert staff can help you meet your charitable goals. Just call or email us, and we would be happy to meet with you. We can even help you set up your own fund to support a cause you care about. With your own fund, you can direct grants to organizations that align with your interests and passions, while we handle the day-to-day management of the fund. But what if you are unsure what cause to support? In that case, the Forever Fund might be a good option. The idea behind the Forever Fund is simple: While we can’t predict the future, we can prepare for it. Just as each of us does in our personal lives, we can set aside resources for whatever challenges or opportunities arise, tomorrow or years from now. Every gift to the Forever Fund is invested, allowing the fund to grow year over year and grant a percentage annually that can benefit our community. The Forever Fund provides flexibility for all Dubuquers to immediately help in a crisis, jumpstart an important project, or meet an unforeseen need in our community. Giving to the Forever Fund means being part of something bigger than yourself. It means being part of a community of people united by their love for our region whose collective generosity makes a powerful and lasting impact. Make a gift online to the Forever Fund at dbqfoundation.org/forever . Regardless of how you decide to give back, remember that every gift makes a difference. Whether you support children’s literacy resources, outdoor recreation, brain health services or something else, you are helping build a stronger Dubuque region for everyone who calls it home.
'LOL WUT': Joe Rogan and Elon Musk hit back after criticism from ABC Chair
WASHINGTON — Donald Trump said he can't guarantee his promised tariffs on key U.S. foreign trade partners won't raise prices for American consumers and suggested once more that some political rivals and federal officials who pursued legal cases against him should be imprisoned. The president-elect, in a wide-ranging interview with NBC's "Meet the Press" that aired Sunday, also touched on monetary policy, immigration, abortion and health care, and U.S. involvement in Ukraine, Israel and elsewhere. Trump often mixed declarative statements with caveats, at one point cautioning "things do change." Here's a look at some of the issues covered: Trump threatened broad trade penalties, but said he didn't believe economists' predictions that added costs on those imported goods for American companies would lead to higher domestic prices for consumers. He stopped short of a pledge that U.S. an households won't be paying more as they shop. "I can't guarantee anything. I can't guarantee tomorrow," Trump said, seeming to open the door to accepting the reality of how import levies typically work as goods reach the retail market. That's a different approach from Trump's typical speeches throughout the 2024 campaign, when he framed his election as a sure way to curb inflation. In the interview, Trump defended tariffs generally, saying that tariffs are "going to make us rich." He has pledged that, on his first day in office in January, he would impose 25% tariffs on all goods imported from Mexico and Canada unless those countries satisfactorily stop illegal immigration and the flow of illegal drugs such as fentanyl into the United States. He also has threatened tariffs on China to help force that country to crack down on fentanyl production. "All I want to do is I want to have a level, fast, but fair playing field," Trump said. He offered conflicting statements on how he would approach the justice system after winning election despite being convicted of 34 felonies in a New York state court and being indicted in other cases for his handling of national security secrets and efforts to overturn his 2020 loss to Democrat Joe Biden. "Honestly, they should go to jail," Trump said of members of Congress who investigated the Capitol riot by his supporters who wanted him to remain in power. The president-elect underscored his contention that he can use the justice system against others, including special prosecutor Jack Smith, who led the case on Trump's role in the siege on Jan. 6, 2021. Trump confirmed his plan to pardon supporters who were convicted for their roles in the riot, saying he would take that action on his first day in office. As for the idea of revenge driving potential prosecutions, Trump said: "I have the absolute right. I'm the chief law enforcement officer, you do know that. I'm the president. But I'm not interested in that." At the same time, Trump singled out lawmakers on a special House committee who investigated the insurrection, citing Rep. Bennie Thompson, D-Miss., and former Rep. Liz Cheney, R-Wyo. "Cheney was behind it ... so was Bennie Thompson and everybody on that committee," Trump said. Asked specifically whether he would direct his administration to pursue cases, he said, "No," and suggested he did not expect the FBI to quickly undertake investigations into his political enemies. At another point, Trump said he would leave the matter up to Pam Bondi, his pick as attorney general. "I want her to do what she wants to do," he said. Such threats, regardless of Trump's inconsistencies, have been taken seriously enough by many top Democrats that Biden is considering issuing blanket, preemptive pardons to protect key members of his outgoing administration. Trump did seemingly back off his campaign rhetoric calling for Biden to be investigated, saying, "I'm not looking to go back into the past." Trump repeatedly mentioned his promises to seal the U.S.-Mexico border and deport millions of people who are in the U.S. illegally through a mass deportation program. "I think you have to do it," he said. He suggested he would try to use executive action to end "birthright" citizenship under which people born in the U.S. are considered citizens — though such protections are spelled out in the Constitution. Asked specifically about the future for people who were brought into the country illegally as children and were shielded from deportation in recent years, Trump said, "I want to work something out," indicating he might seek a solution with Congress. But Trump also said he does not "want to be breaking up families" of mixed legal status, "so the only way you don't break up the family is you keep them together and you have to send them all back." Long a critic of NATO members for not spending more on their own defense, Trump said he "absolutely" would remain in the alliance "if they pay their bills." Pressed on whether he would withdraw if he were dissatisfied with allies' commitments, Trump said he wants the U.S. treated "fairly" on trade and defense. He waffled on a NATO priority of containing Russia and President Vladimir Putin. Trump suggested Ukraine should prepare for less U.S. aid in its defense against Putin's invasion. "Possibly. Yeah, probably. Sure," Trump said of reducing Ukraine assistance from Washington. Separately, Trump called for an immediate cease-fire. Asked about Putin, Trump said initially that he has not talked to the Russian leader since Election Day last month, but then hedged. "I haven't spoken to him recently," Trump said when pressed, adding that he did not want to "impede the negotiation." The president-elect said he has no intention, at least for now, of asking Federal Reserve Chairman Jerome Powell to step down before Powell's term ends in 2028. Trump said during the campaign that presidents should have more say in Fed policy, including interest rates. Trump did not offer any job assurances for FBI Director Christopher Wray, whose term is to end in 2027. Asked about Wray, Trump said: "Well, I mean, it would sort of seem pretty obvious" that if the Senate confirms Kash Patel as Trump's pick for FBI chief, then "he's going to be taking somebody's place, right? Somebody is the man that you're talking about." Trump promised that the government efficiency effort led by Elon Musk and Vivek Ramaswamy will not threaten Social Security. "We're not touching Social Security, other than we make it more efficient," he said. He added that "we're not raising ages or any of that stuff." He was not so specific about abortion or his long-promised overhaul of the Affordable Care Act. On abortion, Trump continued his inconsistencies and said he would "probably" not move to restrict access to the abortion pills that now account for a majority of pregnancy terminations, according to the Guttmacher Institute, which supports abortion rights. But pressed on whether he would commit to that position, Trump replied, "Well, I commit. I mean, are — things do — things change. I think they change." Reprising a line from his Sept. 10 debate against Vice President Kamala Harris, Trump again said he had "concepts" of a plan to substitute for the 2010 Affordable Care Act, which he called "lousy health care." He added a promise that any Trump version would maintain insurance protections for Americans with preexisting health conditions. He did not explain how such a design would be different from the status quo or how he could deliver on his desire for "better health care for less money."
Trump says he can't guarantee tariffs won't raise prices, won't rule out revenge prosecutionsNew research highlights AI's potential and pitfalls in scouring health data
British distorted history to rule Indians: BhagwatNEW 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. 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. This material may not be published, broadcast, rewritten or redistributed without permission. The business news you need Get the latest local business news delivered FREE to your inbox weekly.Jalen Hurts threw for two touchdowns and ran for another as Philadelphia outlasted upset-minded Carolina on Sunday while Minnesota routed Atlanta as both 11-2 teams neared an NFL playoff berth. Hurts completed 14-of-21 passes for 108 yards and ran eight times for 59 yards to hold off stubborn Carolina, which fell to 3-10. He scored on a 1-yard plunge early in the second quarter, connected with DeVonta Smith on a 4-yard touchdown pass 14 seconds before half-time for a 14-10 lead. After the Panthers grabbed the lead on Chuba Hubbard's 1-yard touchdown run in the third quarter, the Eagles answered with 75 seconds elapsed in the fourth quarter on a 4-yard Hurts touchdown pass to Grant Calcaterra and a 2-point conversion run by Saquon Barkley, who ran 20 times for 124 yards. At Minneapolis, Vikings quarterback Sam Darnold completed 22-of-28 passes for 347 yards and five touchdown to power Minnesota over the Atlanta Falcons 42-21. The Vikings spoiled the return of ex-Minnesota quarterback Kirk Cousins, who threw for 344 yards but was intercepted twice. Minnesota needs losses by the Arizona Cardinals to Seattle and the Los Angeles Rams to Buffalo in later games to clinch a playoff berth. The Eagles need only an Arizona loss to secure their spot in the post-season. Later games also include the defending champion Kansas City Chiefs (11-1) entertaining the Los Angeles Chargers (8-4). Tua Tagovailoa threw a 10-yard touchdown pass to Jonnu Smith in overtime to give the Miami Dolphins a 32-26 home triumph over the New York Jets. The Pittsburgh Steelers improved to 10-3 as Russell Wilson threw for two touchdowns and Najee Harris ran for another in a 27-14 home victory over Cleveland. Baker Mayfield threw for 295 yards and three touchdowns to spark the Tampa Bay Buccaneers over visiting Las Vegas 28-13. Derek Carr threw for 219 yards and a touchdown as the New Orleans Saints edged the host New York Giants 14-11 while Tank Bigsby's 8-yard touchdown run with 6:46 remaining gave Jacksonville a 10-6 victory at Tennessee. js/bsp