Capture, Celebrate, and Save Big: Reolink's Holiday Deals and #reocap Fun!NEW YORK — A slide for market superstar Nvidia on Monday knocked Wall Street off its big rally and helped drag U.S. stock indexes down from their records. The S&P 500 fell 0.6%, coming off its 57th all-time high of the year so far. The Dow Jones Industrial Average dipped 240 points, or 0.5%, and the Nasdaq composite pulled back 0.6% from its own record. Nvidia’s fall of 2.5% was by far the heaviest weight on the S&P 500 after China said it’s investigating the company over suspected violations of Chinese anti-monopoly laws. Nvidia skyrocketed to become one of Wall Street’s most valuable companies because its chips are driving much of the world’s move into artificial-intelligence technology. That gives its stock’s movements more sway on the S&P 500 than nearly every other. Nvidia’s drop overshadowed gains in Hong Kong and for Chinese stocks trading in the United States on hopes that China will deliver more stimulus for the world’s second-largest economy. Roughly 3 in 7 of the stocks in the S&P 500 also rose. The week’s highlight for Wall Street will arrive midweek when the latest updates on inflation arrive. Economists expect Wednesday’s report to show the inflation that U.S. consumers are feeling remained stuck at close to the same level last month. A separate report on Thursday, meanwhile, could show an acceleration in inflation at the wholesale level. “Investors should enjoy this rally while it lasts — there’s little on the horizon to disrupt the momentum through year-end,” according to Mark Hackett, chief of investment research at Nationwide, though he warns stocks could stumble soon because of how overheated they’ve gotten. On Wall Street, Interpublic Group rose 3.6% after rival Omnicom said it would buy the marketing and communications firm in an all-stock deal. The pair had a combined revenue of $25.6 billion last year. Omnicom, meanwhile, sank 10.2%. Macy’s climbed 1.8% after an activist investor, Barington Capital Group, called on the retailer to buy back at least $2 billion of its own stock over the next three years and make other moves to help boost its stock price. All told, the S&P 500 fell 37.42 points to 6,052.85. The Dow dipped 240.59 to 4,401.93, and the Nasdaq composite lost 123.08 to 19,736.69. In the oil market, a barrel of benchmark U.S. crude rallied 1.7% to settle at $68.37 following the overthrow of Syrian leader Bashar Assad, who sought asylum in Moscow after rebels overthrew his regime. Brent crude, the international standard, added 1.4% to $72.14 per barrel. The price of gold also rose 1% to $2,685.80 per ounce amid the uncertainty created by the end of the Assad family’s 50 years of iron rule. Get local news delivered to your inbox!BUDAPEST - World Athletics president Sebastian Coe said on Nov 22 the new Ultimate Championship team event, officially unveiled by the sport’s governing body, would be a “gamechanger” for track and field. The inaugural event will be held in Budapest on Sept 11-13, 2026, and it will be staged every two years to fulfil World Athletics’ ambition of holding a global championship every year. The federation said the event would provide “a spectacular conclusion to the summer athletics season, in the years where there is no World Athletics Championships”. The event boasts a “record-setting” prize pot of US$10 million (S$13 million). World Athletics said it was “the largest ever offered in track and field”, with champions set to receive US$150,000. Each session will last three hours and athletes will represent both themselves and their national teams, wearing national kit. Coe, who gave a press conference at the stadium in the Hungarian capital where the 2023 World Championships were held, said: “This new global event will be a gamechanger for our sport and for our athletes. “We want to bring our fans athletics like they have never seen it before – with the best of the best athletes in our sport competing head-to-head in a passion-fuelled, high octane, festival of sport, with sound, light and innovation.” Coe said he was aiming to create a “world-beating” event that could “draw in viewers who might never have watched athletics”. “This is the holy grail of all sports - how do you reach out to all audiences in a way that is familiar to them?“ he told AFP in an interview. The announcement comes after former Olympic sprint champion Michael Johnson unveiled details of his four-meet Grand Slam Track series, which makes its debut next year with three-day events in Kingston, Jamaica, Miami, Philadelphia and Los Angeles. Johnson’s series is widely seen as a challenge to the established Diamond League circuit of meets as the sport of athletics fights for the limelight outside of the Olympics and world championships. The Ultimate Championship, which unlike Grand Slam Track will also feature field events, will take place after the Diamond League finals. In another difference between Grand Slam Track and the Ultimate Championship, World Athletics already have a broadcast partner for their event - Tata Communications and Host Broadcast Services (HBS). Coe said the aim was to have a “free-to-air” event that would be seen by the biggest audience possible, adding: “It’s all up there for discussion.” Grand Slam Track, meanwhile, is yet to announce a broadcasting deal, with Johnson insisting he is still trying to find the right partner. In the Ultimate Championship in Budapest, almost 400 athletes will battle to become “ultimate champions”, with clashes including the 100m, 800m, pole vault, high jump and a new 4x100m mixed relay. World Athletics chief executive officer Jon Ridgeon said the new event coupled with the launch of Grand Slam Track showed that “athletics is in a positive growth phase at the moment”. World pole vault record holder and two-time Olympic champion Mondo Duplantis said the event would be “insane”. “The new Ultimate Championship in 2026 will be the ultimate high in a year when we do not have a World Championships or Olympic Games,” the Swede said. “Nothing beats competing in front of a live crowd. Anyone that knows me or has watched me compete knows this is where I thrive. “Even with fewer events there will still be 26 individual events taking place over just three nights - the pace will be insane.” AFP
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The situation has sparked a debate within the government and law enforcement circles about the need for greater oversight and accountability mechanisms to prevent similar incidents from occurring in the future. Calls for reform and increased transparency in police operations have grown louder, with many urging for a comprehensive review of the emergency response procedures and protocols to prevent abuse of power and misconduct.