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NEW YORK (AP) — U.S. stocks tiptoed to more records amid a mixed Tuesday of trading, tacking a touch more onto what’s already been a stellar year so far. The S&P 500 edged up by 2 points, or less than 0.1%, to set an all-time high for the 55th time this year. It’s climbed in 10 of the last 11 days and is on track for one of its best years since the turn of the millennium. The Dow Jones Industrial Average slipped 76 points, or 0.2%, while the Nasdaq composite added 0.4% to its own record set a day earlier. AT&T rose 4.6% after it boosted its profit forecast for the year. It also announced a $10 billion plan to send cash to its investors by buying back its own stock, while saying it expects to authorize another $10 billion of repurchases in 2027. On the losing end of Wall Street was U.S. Steel, which fell 8%. President-elect Donald Trump reiterated on social media that he would not let Japan’s Nippon Steel take over the iconic Pennsylvania steelmaker. Nippon Steel announced plans last December to buy the Pittsburgh-based steel producer for $14.1 billion in cash, raising concerns about what the transaction could mean for unionized workers, supply chains and U.S. national security. Earlier this year, President Joe Biden also came out against the acquisition. Tesla sank 1.6% after a judge in Delaware reaffirmed a previous ruling that the electric car maker must revoke Elon Musk’s multibillion-dollar pay package. The judge denied a request by attorneys for Musk and Tesla’s corporate directors to vacate her ruling earlier this year requiring the company to rescind the unprecedented pay package. All told, the S&P 500 rose 2.73 points to 6,049.88. The Dow fell 76.47 to 44,705.53, and the Nasdaq composite gained 76.96 to 19,480.91. In the bond market, Treasury yields held relatively steady after a report showed U.S. employers were advertising slightly more job openings at the end of October than a month earlier. Continued strength there would raise optimism that the economy could remain out of a recession that many investors had earlier worried was inevitable. The yield on the 10-year Treasury rose to 4.23% from 4.20% from late Monday. Yields have seesawed since Election Day amid worries that Trump’s preferences for lower tax rates and bigger tariffs could spur higher inflation along with economic growth. But traders are still confident the Federal Reserve will cut its main interest rate again at its next meeting in two weeks. They’re betting on a nearly three-in-four chance of that, according to data from CME Group. Lower rates can give the economy more juice, but they can also give inflation more fuel. The key report this week that could guide the Fed’s next move will arrive on Friday. It’s the monthly jobs report , which will show how many workers U.S. employers hired and fired during November. It could be difficult to parse given how much storms and strikes distorted figures in October. Based on trading in the options market, Friday’s jobs report appears to be the biggest potential market mover until the Fed announces its next decision on interest rates Dec. 18, according to strategists at Barclays Capital. In financial markets abroad, the value of South Korea’s currency fell 1.1% against the U.S. dollar following a frenetic night where President Yoon Suk Yeol declared martial law and then later said he’d lift it after lawmakers voted to reject military rule. Stocks of Korean companies that trade in the United States also fell, including a 1.6% drop for SK Telecom. Japan’s Nikkei 225 jumped 1.9% to help lead global markets. Some analysts think Japanese stocks could end up benefiting from Trump’s threats to raise tariffs , including for goods coming from China . Trade relations between the U.S. and China took another step backward after China said it is banning exports to the U.S. of gallium, germanium, antimony and other key high-tech materials with potential military applications. The counterpunch came swiftly after the U.S. Commerce Department expanded the list of Chinese technology companies subject to export controls to include many that make equipment used to make computer chips, chipmaking tools and software. The 140 companies newly included in the so-called “entity list” are nearly all based in China. In China, stock indexes rose 1% in Hong Kong and 0.4% in Shanghai amid unconfirmed reports that Chinese leaders would meet next week to discuss planning for the coming year. Investors are hoping it may bring fresh stimulus to help spur growth in the world’s second-largest economy. In France, the CAC 40 rose 0.3% amid continued worries about politics in Paris , where the government is battling over the budget. AP Business Writers Yuri Kageyama and Matt Ott contributed.US Outpaces China, Leads Global AI Innovation RankingOhio State, Michigan players involved in postgame scuffle
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UL running back Bill Davis (7) breaks around the corner for a 24-yard touchdown run to ice the victory over ULM on Saturday. Facebook Twitter WhatsApp SMS Email Print Copy article link Save 1. Running game does it Over the last two weeks, the style of football favored new starting quarterback Chandler Fields. On Saturday in Monday, ULM’s defense made it tougher on the passing game, shifting the focus back to UL’s rushing attack and it responded. Zylan Perry didn’t just return to action, he dominated with 150 yards and two touchdowns. Bill Davis also helped with 78 more and two scores. It allowed UL to hold off ULM’s pressure defense that stifled the Cajuns throughout the first half. It also helped the Cajuns run out the clock in the second half against a game Warhawks squad in search of getting bowl eligible. 2. Defense as needed There were some things about Saturday’s win the defensive coaches won’t particularly like when watching the film. ULM running back Ahmad Hardy rushed for 172 yards and allowed seven third-down conversions to one of the Sun Belt’s worst offenses. But the defense also got three interceptions and three critical sacks that prevented points on the board – one led to intentional grounding and another to a short field goal. As usual, linebacker K.C. Ossai had a team-high 13 tackles and fittingly an interception to sew up the win. It’ll likely require a better effort next Saturday, but it was good enough for win No. 10. 3. Another slow start Perhaps there’s something to following up a 50-point effort, or perhaps it’s more about being the frontrunner after the great start and teams are gunning for UL. It could also be that injuries are mounting and the Cajuns aren’t as dominant as they were a month ago. Whatever the reason, the Cajuns better solve it before Saturday’s Sun Belt title game. This was probably the worst first half offensively this season – with two turnovers for the second time in three games. Still, the Cajuns were able to post 21 first downs and 411 total yards to tag a sixth straight loss on the Warhawks.
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A melee broke out at midfield of Ohio Stadium after Michigan upset No. 2 Ohio State 13-10 on Saturday. After the Wolverines' fourth straight win in the series, players converged at the block "O" to plant its flag. The Ohio State players were in the south end zone singing their alma mater in front of the student section. When the Buckeyes saw the Wolverines' flag, they rushed toward the 50-yard line. Social media posts showed Michigan offensive lineman Raheem Anderson carrying the flag on a long pole to midfield, where the Wolverines were met by dozens of Ohio State players and fights broke out. Buckeyes defensive end Jack Sawyer was seen ripping the flag off the pole and taking the flag as he scuffled with several people trying to recover the flag. A statement from the Ohio State Police Department read: "Following the game, officers from multiple law enforcement agencies assisted in breaking up an on-field altercation. During the scuffle, multiple officers representing Ohio and Michigan deployed pepper spray. OSUPD is the lead agency for games and will continue to investigate." Michigan running back Kalel Mullings on FOX said: "For such a great game, you hate to see stuff like that after the game. It's bad for the sport, bad for college football. At the end of the day, some people got to learn how to lose, man. "You can't be fighting and stuff just because you lost the game. We had 60 minutes and four quarters to do all that fighting. Now people want to talk and fight. That's wrong. It's bad for the game. Classless, in my opinion. People got to be better." Once order was restored, officers cordoned the 50-yard line, using bicycles as barriers. Ohio State coach Ryan Day in his postgame press conference said he wasn't sure what happened. "I don't know all the details of it. But I know that these guys are looking to put a flag on our field and our guys weren't going to let that happen," he said. "I'll find out exactly what happened, but this is our field and certainly we're embarrassed at the fact we lost the game, but there's some prideful guys on our team that weren't just going to let that happen." The Big Ten has not yet released a statement on the incident. --Field Level MediaThe Ukrainian president said the use of a ballistic missile to hit Dnipro was a “clear and severe escalation in the scale and brutality of this war” and he warned that Russian president Mr Putin would attack or destabilise other countries unless stopped. Mr Putin said the use of the new weapon was in response to the UK and US allowing missiles they have supplied to Ukraine to be used to strike targets in Russia. “In response to the use of American and British long-range weapons on November 21 of this year, the Russian armed forces launched a combined strike on one of the facilities of the Ukrainian defence industry,” Mr Putin said in a televised address. “One of the newest Russian medium-range missile systems was tested in combat conditions, in this case, with a ballistic missile in a non-nuclear hypersonic warhead.” He added: “We consider ourselves entitled to use our weapons against military facilities of those countries that allow their weapons to be used against our facilities.” But Mr Zelensky urged world leaders – his “dear partners” – not to be cowed by Mr Putin’s actions otherwise there will be “endless Russian strikes” and “not just against Ukraine”. “A lack of tough reactions to Russia’s actions sends a message that such behavior is acceptable,” the Ukrainian president said on X, formerly Twitter. “This is what Putin is doing. Putin must feel the cost of his deranged ambitions. “Response is needed. Pressure is needed. Russia must be forced into real peace, which can only be achieved through strength. “Otherwise, there will be endless Russian strikes, threats, and destabilisation-not just against Ukraine.” The UK is believed to have allowed its Storm Shadow missiles to be used by Ukrainian forces within the Kursk region of Russia, while the US has given permission for its ATACMS weapons to be fired at targets in Mr Putin’s country. Mr Putin confirmed Russia has tested the new intermediate-range weapon in an attack on Dnipro in response. The US said the weapon was a new, experimental intermediate-range missile based on Russia’s existing RS-26 Rubezh intercontinental ballistic missile. In Westminster, the Prime Minister’s official spokesman said: “My understanding is that it is the first time that Russia has used a ballistic missile in Ukraine with a range of several thousand kilometres.” Defence Secretary John Healey said it was “yet another example of Putin’s recklessness”. He said: “Since the illegal invasion of Ukraine began, Russia has consistently and irresponsibly escalated the conflict while Ukraine continues to fight in self-defence for a democratic future.” The missile’s range far outstrips that of newly authorised US and British-supplied weapons, which can hit targets around 250-300km away. The distance from Moscow to London is around 2,500km, suggesting the range of the new missile could threaten the UK. Mr Healey said the UK knew Russia had been “preparing for months” to fire a new ballistic missile. Downing Street and the Ministry of Defence have repeatedly declined to comment publicly on Ukraine’s use of Storm Shadow. “It risks both operational security and in the end the only one that benefits from such a public debate is President Putin,” Mr Healey told MPs. The head of the UK’s armed forces, Chief of the Defence Staff Admiral Sir Tony Radakin, met Mr Zelensky in Kyiv to discuss the war on Thursday. Mr Zelensky said: “We discussed defence co-operation between Ukraine and the United Kingdom, focusing on developing and enhancing the technological capabilities of the armed forces of Ukraine. “Particular attention was given to Ukraine’s current military needs and the continued support from our partners.”
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He made the observation on Thursday, December 19, while delivering a presentation to a general assembly of the National Consultative Forum of Political Organisations (NFPO). The presentation focused on national policy and strategies for public transport in Rwanda, especially in Kigali. ALSO READ: Expert on solutions to Kigali’s public transport issues Gasore said that the government is looking for leaders of the company for it to start operations, after the Cabinet approved its establishment. With this move, he said, scheduled bus departures will follow, regardless of the number of passengers in it, pointing out that “profit and loss will go to the public company.” Among other reforms in fleet management, he said, there is integrating technology that helps people to know [on their phone] where buses are, where there are passengers, and where they are not. “The company will do all that so that we have buses that are professionally managed,” he said, adding that “the City of Kigali is expanding such that having one or two staff responsible for public transport is no longer enough for us to deliver good service to Rwandans.” There are countries that address long waiting times through means including subsidising public transport so that privately owned buses can leave following set schedule. This is intended to ensure that if a bus leaves with few passengers compared to its capacity, the government covers the cost for empty seats, Gasore pointed out. “You cannot tell a person who got a bank loan to start a bus while empty yet they have to repay it. That is not possible unless, as the government, you get committed to paying for empty seats any time the bus leaves,” he said. He indicated that the option is very expensive [for the government], going by examples of where such a model is the case, citing Singapore. Rwanda had not yet reached a level to implement such a model, he said, adding that it decided to set up the company, instead. The fleet under the company’s management, he said, includes 200 buses [powered by diesel] that were bought by the government recently [late 2023 and early 2024]. ALSO READ: 100 new buses start operations in Kigali Phanuel Murenzi, an accountant of Liberal Party (PL) said that the current state of public transport does not discourage people from buying private cars – but rather encourages them to do so – as it is marred by some problems, citing long waiting time during off-peak period. NFPO Spokesperson Alphonse Nkubana said that privately owned buses leave stations or parks soon after reaching there as there are relatively many passengers during peak hours (morning period until 9 am), but they delay in terms of transporting passengers from 3 am to 4 pm as that is an off-peak hour period. He said that the creation and operationalisation of the company will prevent public transport disruption during off-peak hours, as the government can get means to cover expenses incurred as a result of limited number of passengers. “For the government, a bus [with 70-passenger capacity] can depart with five or ten passengers, but for a private investor, passengers may take about two hours at a bus station for it to be full,” he said. ALSO READ: Is it possible to unlock Kigali's peak-hour jam? Traffic jam [especially during peak hours] is also among factors that impair the quality of public transport service as it slows movement of buses, Gasore pointed out. To address this issue, the government plans to implement some projects to ease bus movement such as by upgrading selected junctions in Kigali, having dedicated bus lanes, and road expansion, Gasore observed. He said that the details of the company’s operations, as well as its name, will be communicated in due course. 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