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William Blair downgrades Ulta on concerns over beauty category recovery
NEW YORK (AP) — U.S. stock indexes fell Thursday following some potentially discouraging data on the economy . The S&P 500 slipped 0.5% for its fourth loss in the last six days. It’s a pause for the index, which has been rallying toward one of its best years of the millennium . The Dow Jones Industrial Average lost 234 points, or 0.5%, and the Nasdaq composite sank 0.7% from its record set the day before. A report early in the morning said more U.S. workers applied for unemployment benefits last week than expected. A separate update, meanwhile, showed that inflation at the wholesale level, before it reaches U.S. consumers, was hotter last month than economists expected. Neither report points to imminent disaster, but they dilute one of the hopes that’s driven the S&P 500 to 57 all-time highs so far this year : Inflation is slowing enough to convince the Federal Reserve to keep cutting interest rates, while the economy is remaining solid enough to stay out of a recession. Of the two reports, the weaker update on the job market may be the bigger deal for the market, according to Chris Larkin, managing director, trading and investing, at E-Trade from Morgan Stanley. A surge in egg prices may have been behind the worse-than-expected inflation numbers. “One week doesn’t negate what has been a relatively steady stream of solid labor market data, but the Fed is primed to be sensitive to any signs of a softening jobs picture,” he said. Traders are widely expecting the Fed will ease its main interest rate at its meeting next week. If they’re correct, it would be a third straight cut by the Fed after it began lowering rates in September from a two-decade high. It’s hoping to support a slowing job market after getting inflation nearly all the way down to its 2% target. Lower rates would give a boost to the economy and to prices for investments, but they could also provide more fuel for inflation. A cut next week would have the Fed following other central banks, which lowered rates on Thursday. The European Central Bank cut rates by a quarter of a percentage point, as many investors expected, and the Swiss National Bank cut its policy rate by a steeper half of a percentage point. Following its decision, Switzerland’s central bank pointed to uncertainty about how U.S. President-elect Donald Trump’s victory will affect economic policies, as well as about where politics in Europe is heading. Trump has talked up tariffs and other policies that could upend global trade. He rang the bell marking the start of trading at the New York Stock Exchange on Thursday to chants of “USA.” On Wall Street, Adobe fell 13.7% and was one of the heaviest weights on the market despite reporting stronger profit for the latest quarter than analysts expected. The company gave forecasts for profit and revenue in its upcoming fiscal year that fell a bit shy of analysts’. Warner Bros. Discovery soared 15.4% after unveiling a new corporate structure that separates its streaming business and film studios from its traditional television business. CEO David Zaslav said the move “enhances our flexibility with potential future strategic opportunities,” raising speculation about a spinoff or sale. Kroger rose 3.2% after saying it would get back to buying back its own stock now that its attempt to merge with Albertsons is off . Kroger’s board approved a program to repurchase up to $7.5 billion of its stock, replacing an existing $1 billion authorization. All told, the S&P 500 fell 32.94 points to 6,051.25. The Dow Jones Industrial Average dropped 234.55 to 43,914.12, and the Nasdaq composite sank 132.05 to 19,902.84. In stock markets abroad, European indexes held relatively steady following the European Central Bank’s cut to rates. Asian markets were stronger. Indexes rose 1.2% in Hong Kong and 0.8% in Shanghai as leaders met in Beijing to set economic plans and targets for the coming year. South Korea’s Kospi rose 1.6% for its third straight gain of at least 1%, as it pulls back following last week’s political turmoil where its president briefly declared martial law. In the bond market, the 10-year U.S. Treasury yield rose to 4.33% from 4.27% late Wednesday. AP Business Writers Matt Ott and Elaine Kurtenbach contributed.The motive behind the shooting remains unclear at this time, as investigators work tirelessly to unravel the circumstances that led to this tragic event. Speculation has run rampant in the wake of the shooting, with theories ranging from personal vendettas to corporate sabotage.Defence argues evidence too thin in Ottawa neo-Nazi terrorism trial
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In response to the incident, Alibaba promptly issued a statement assuring customers and stakeholders that the fire situation had been contained and that measures were being taken to minimize the impact on services. The company emphasized its commitment to ensuring the safety and security of its cloud infrastructure to safeguard customer data and provide uninterrupted services.Trump adviser hounded by angry neighbors after he bought home on liberal island off Maine coast
Fathom Realty Names Andrew Shock, Vice President of Operations, to Drive Growth and Innovation
Stay tuned for what promises to be an unforgettable day of football action as these top European clubs go head to head in the quest for success in the UEFA Champions League. The drama, excitement, and passion of the beautiful game will be on full display as the best teams in Europe compete for glory on the grandest stage of them all.
Double 12 Shopping Carnival is Here! Taobao, JD, Douyin, Pinduoduo, Suning Showcase Their Unique StrengthsNone
Samsung Unaffected By US Curbs On Chip Exports2. "Lost in Russia"
It is crucial for all stakeholders in the food industry to take responsibility for ensuring the safety and quality of the products they sell. Consumers must be vigilant and inform authorities about any suspicious practices or products they encounter, while food business operators need to prioritize compliance with regulations and ethical practices to protect public health.Myers Industries director William Foley acquires $12,030 in stock
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As Manchester United fans reflect on the status of the squad that last brought home the Premier League trophy, they are reminded of the fleeting nature of sporting success. While the memories of past victories will never fade, the club and its supporters must look to the future with optimism and a sense of purpose. With a new generation of players ready to carve out their own place in the club's history, the legacy of Manchester United's title triumphs will continue to inspire and resonate with fans for generations to come.A social media ban encompassing children and younger teens in Australia brought up a serious question societies have been facing for years but somehow choose to neglect. Should young kids have uninterrupted access to social media platforms and how can we tackle certain harms platforms pose? This year marked the 20th anniversary since Facebook entered our lives and forever changed the course of how we interact with each other, exchange views, share important dates and in the end, basically interact on a daily basis. This platform grew rapidly as users became intrigued with sharing the photos on their timelines, playing FarmVille and much more. Many more platforms followed, and their user bases were expanding equally fast. In recent years we got TikTok, Threads and before that Snapchat and Instagram. But what once looked like a simple way to connect soon emerged as something much larger. These platforms became a web for content creators and in some cases predators alike. While many rely on content creation to earn a living, concerns about other social media aspects persist. What struck me the most, in addition to bizarre examples of personal identities being stolen or people being swindled, was an investigative story shared by The New York Times earlier this year: "A Marketplace of Girl Influencers Managed by Moms and Stalked by Men." It offered an in-depth story showing the importance and role of parents in ensuring or at least trying to ensure their children's online safety. "Over the years, Elissa has fielded all kinds of criticism and knows full well that some people think she is exploiting her daughter," the article said, detailing the experience and story of a mom running a modeling account for her young daughter. I instantly remembered it when considering a more pressing issue: children's safety on the web. The ban on under-16s using social media starting in 2025 recently adopted by the Australian Parliament brought even more focus to this complex issue. While authorities should step in instances when public safety comes into question, I think this issue has a broader correlation with how fast certain technologies proliferate and the new norm of having and using smartphones. Thus, people tend to linger on big platforms like X, Facebook and Instagram. And of course, there is a role of families in this as well. Just a couple of days ago I read about the concept of "containment" in technology and the more I think of the bans on social media, I go back to it. What if it would be possible to predict certain harmful impacts of technology, in this case, social media and apps, and work on issues before they become widespread? Internet access is surely a blessing and social media, although in some cases disruptive, is also a major force that makes our work easier, helps us broaden our horizons, remain in touch with relatives and friends living miles away, and so on. But specifically when it comes to kids and their safety, that is where red flags pop up. Quite naive and very young, children adapt to online space, video games and long stints in front of the screen, which according to many studies are proven to have adverse effects on eyesight and posture but also often result in a lack of real-life connections. Compare the kids from the '90s and those from Generation Alpha and you will easily spot the difference. While families and monitoring also play a decisive role, the fact is that children born in 2020 will naturally have closer ties to readily available technology, especially social media, than those born some five decades before them. The kids of the newer generation are born to parents who have used the internet and social media for the larger part of their lives, and this is a new standard. Yet, how we decide to introduce certain things to these children, including social media, and at what pace stays broadly our personal decision. Nevertheless, surroundings and friends at times also play a role in introducing kids to Instagram, TikTok, Roblox and YouTube, whether we like it or not. That is where regulation and countermeasures start to make sense. Although in my opinion, it is a bit unclear how you could enforce a straight ban on a kid who is already 13 or 14, some measures such as parental device monitoring can play a key role and work to at least partly minimize the potential negative impacts. Evaluating media literacy, a report by the U.K.-based communications regulator Ofcom in April this year found that "five-to-seven-year-olds are becoming increasingly present online," which it said may pose "greater risks for them." "Children this age are also more likely to use WhatsApp (37% vs 29%), TikTok (30% vs 25%), Instagram (22% vs 14%), and Discord (4% vs 2%) compared to last year," the report said. On the other hand, new data from the WHO Regional Office for Europe cited in September "a sharp rise in problematic social media use among adolescents, with rates increasing from 7% in 2018 to 11% in 2022." The report defined problematic social media use as a pattern of behavior characterized with addiction-like symptoms. "These include an inability to control social media usage, experiencing withdrawal when not using it, neglecting other activities in favor of social media," it said. However, the debate on the risks of social media is much broader. Ministers in Sweden's government are considering imposing age limits on social media platforms if tech companies find themselves unable to prevent gangs from recruiting young people online to "carry out murders and bombings in the Nordics," Reuters reported on Monday. Gang violence and high crime rates per capita have been an issue for this Northern European country for some time now, yet it appears that police and authorities have identified the role of social media in it as well. Social media's effect on other aspects of daily life also comes to the fore. Consider the word "brain-rot" we've been hearing about a lot this last week. "Brain rot" is the official Word of the Year for 2024, according to the Oxford English Dictionary’s publisher, Oxford University Press. It is defined as the "supposed deterioration of a person’s mental or intellectual state," resulting from the “overconsumption” of trivial material, especially stuff found on the internet and social media. It is the result of mindless scrolling on social media. This word spiked in popularity this year, pointing to yet another danger of the virtual environment. Currently at a crossroads and facing uncertain times amid many geopolitical fluctuations and the rapid proliferation of other technologies such as AI, social media should not be our primary focus and source of external contact. We should push ourselves and those younger than us that there is a world outside of it – no matter how hard that might seem.The exclusion of Messi in 2024 sparked debates among football enthusiasts about the changing nature of the sport and the rising stars who are making their mark on the global stage. Young talents like Kylian Mbappe, Erling Haaland, and Mohamed Salah have all emerged as potential successors to Messi and his eternal rival Cristiano Ronaldo, who continue to defy age and expectations with their exceptional performances.
In conclusion, NVIDIA's willingness to address regulatory questions and showcase a collaborative attitude towards working with regulators is a reflection of its commitment to ethical business practices and responsible corporate citizenship. By embracing transparency, accountability, and cooperation, NVIDIA is poised to overcome regulatory challenges and emerge as a trusted leader in the global tech industry.