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Fianna Fail and Fine Gael eye independent TDs as option to secure Dail majorityNEW YORK — Technology stocks pulled Wall Street to another record amid a mixed Monday of trading. The S&P 500 rose 0.2% from its all-time high set on Friday to post a record for the 54th time this year. The Dow Jones Industrial Average fell 128 points, or 0.3%, while the Nasdaq composite gained 1%. Super Micro Computer, a stock that’s been on an AI-driven roller coaster, soared 28.7% to lead the market. Following allegations of misconduct and the resignation of its public auditor , the maker of servers used in artificial-intelligence technology said an investigation found no evidence of misconduct by its management or by the company’s board. It also said that it doesn’t expect to restate its past financials and that it will find a new chief financial officer, appoint a general counsel and make other moves to strengthen its governance. Big Tech stocks also helped prop up the market. Gains of 1.8% for Microsoft and 3.2% for Meta Platforms were the two strongest forces pushing upward on the S&P 500. Intel was another propellant during the morning, but it lost an early gain to fall 0.5% after the chip company said CEO Pat Gelsinger has retired and stepped down from the board. Intel is looking for Gelsinger’s replacement, and its chair said it’s “committed to restoring investor confidence.” Intel recently lost its spot in the Dow Jones Industrial Average to Nvidia, which has skyrocketed in Wall Street’s frenzy around AI. Stellantis, meanwhile, skidded following the announcement of its CEO’s departure . Carlos Tavares steps down after nearly four years in the top spot of the automaker, which owns car brands like Jeep, Citroën and Ram, amid an ongoing struggle with slumping sales and an inventory backlog at dealerships. The world’s fourth-largest automaker’s stock fell 6.3% in Milan. The majority of stocks in the S&P 500 likewise fell, including California utility PG&E. It dropped 5% after saying it would sell $2.4 billion of stock and preferred shares to raise cash. Retailers were mixed amid what’s expected to be the best Cyber Monday on record and coming off Black Friday . Target, which recently gave a forecast for the holiday season that left investors discouraged , fell 1.2%. Walmart , which gave a more optimistic forecast, rose 0.2%. Amazon, which looks to benefit from online sales from Cyber Monday, climbed 1.4%. All told, the S&P 500 added 14.77 points to 6,047.15. The Dow fell 128.65 to 44,782.00, and the Nasdaq composite climbed 185.78 to 19,403.95. The stock market largely took Donald Trump’s latest threat on tariffs in stride. The president-elect on Saturday threatened 100% tariffs against a group of developing economies if they act to undermine the U.S. dollar. Trump said he wants the group, headlined by Brazil, Russia, India and China, to promise it won’t create a new currency or otherwise try to undercut the U.S. dollar. The dollar has long been the currency of choice for global trade. Speculation has also been around a long time that other currencies could knock it off its mantle, but no contender has come close. The U.S. dollar’s value rose Monday against several other currencies, but one of its strongest moves likely had less to do with the tariff threats. The euro fell amid a political battle in Paris over the French government’s budget . The euro sank 0.7% against the U.S. dollar and broke below $1.05. In the bond market, Treasury yields gave up early gains to hold relatively steady. The yield on the 10-year Treasury climbed above 4.23% during the morning before falling back to 4.19%. That was just above its level of 4.18% late Friday. A report in the morning showed the U.S. manufacturing sector contracted again last month, but not by as much as economists expected. This upcoming week will bring several big updates on the job market, including the October job openings report, weekly unemployment benefits data and the all-important November jobs report. They could steer the next moves for Federal Reserve, which recently began pulling interest rates lower to give support to the economy. Economists expect Friday’s headliner report to show U.S. employers accelerated their hiring in November, coming off October’s lackluster growth that was hampered by damaging hurricanes and strikes. “We now find ourselves in the middle of this Goldilocks zone, where economic health supports earnings growth while remaining weak enough to justify potential Fed rate cuts,” according to Mark Hackett, chief of investment research at Nationwide. In financial markets abroad, Chinese stocks led gains worldwide as monthly surveys showed improving conditions for manufacturing, partly driven by a surge in orders ahead of Trump’s inauguration next month. Both official and private sector surveys of factory managers showed strong new orders and export orders, possibly partly linked to efforts by importers in the U.S. to beat potential tariff hikes by Trump once he takes office. Indexes rose 0.7% in Hong Kong and 1.1% in Shanghai. AP Business Writers Matt Ott and Elaine Kurtenbach contributed.Russia’s evolving information war poses a growing threat to the West
The word "Merci" was projected on to the front of Paris' Notre-Dame cathedral as it reopened, in thanks for its salvation after a devastating fire that brought the 860-year-old building close to collapse five years ago. or signup to continue reading The first responders who helped preserve the Gothic masterpiece and some of those who subsequently restored it received a standing ovation after the Archbishop of Paris, Laurent Ulrich, struck the doors of Notre-Dame three times with his crozier before symbolically reopening the building. "I stand before you to express the gratitude of the French nation, our gratitude to all those who saved, helped and rebuilt the cathedral," French President Emmanuel Macron said on Saturday. "Tonight we can together share joy and pride. Long live Notre-Dame de Paris, long live the Republic and long live France." Minutes earlier, the cathedral's bells rang out and Macron welcomed guests including US President-elect Donald Trump. Pope Francis said it was a day of "joy, celebration and praise". In a message read aloud, the pope hoped "the rebirth of this admirable church would constitute a prophetic sign of the renewal of the Church in France". Notre-Dame has been meticulously restored, with a new spire and rib vaulting, its flying buttresses and carved stone gargoyles returned to their past glory and white stone and gold decorations shining brightly once again. Getting Trump to attend, and organising a meeting between him and Ukraine's leader Volodymyr Zelenskiy at the Elysee Palace ahead of the Notre-Dame ceremony, was a coup for Macron as he faces a political crisis at home, after parliament ousted his prime minister. Trump shook hands with Britain's Prince William and heads of state and government as he made his way to the front of the cathedral. He sat next to Macron in the front row. Earlier, guests stood and applauded as Zelenskiy walked into the cathedral. Tesla billionaire Elon Musk also attended, as did Italian Prime Minister Giorgia Meloni and former French presidents Francois Hollande and Nicolas Sarkozy. Earlier, tourists snapped pictures with the restored building in the background as final preparations for the event went on inside. Some Parisians were particularly thrilled. "What does Notre-Dame mean to me? This. Look, it's here," said careworker Pascal Tordeux, displaying a tattoo on his arm representing the cathedral. "It means everything." On the evening of April 15, 2019, dismayed Parisians rushed to the scene and TV viewers worldwide watched horrified as the fire raged through the cathedral. "The planet was shaken on that day," Macron said ahead of Saturday's event. "The shock of the reopening will – I believe and I want to believe – be as strong as that of the fire, but it will be a shock of hope." Visitors can now book a free ticket online, on the Cathedral's website. But on Saturday, the first day bookings could be made for the coming days, all tickets were gone, a message on the site said. Group visits will be allowed next year and the Catholic Church expects the cathedral to welcome 15 million visitors each year. Thousands of experts - from carpenters and stonemasons to stained glass window artists - worked around the clock for the last five years, using age-old methods to restore, repair or replace everything that was destroyed or damaged. "Notre-Dame is more than a Parisian or French monument. It's also a universal monument," said historian Damien Berne. The cathedral's first stone was laid in 1163, and construction continued for much of the next century, with major restoration and additions made in the 17th and 18th centuries. Money poured in for the renovation from all over the world - more than 840 million euros ($A1.4 billion). Advertisement Sign up for our newsletter to stay up to date. We care about the protection of your data. Read our . Advertisement
Sign up below to get Mission Local’s free newsletter , a daily digest of news you won’t find elsewhere. A Chase branch, opened around 2011 at the corner of Mission and 21st streets, is slated to close permanently next Tuesday. On a drizzling Monday afternoon, about a dozen customers waited in the bank lobby at 2500 Mission St. During its busiest days, some 150 to 200 people visit the branch, sometimes more, said Sanjay Bhupthi, a security guard at the bank. Bhupthi started work two weeks ago, and faces uncertainty about his future shifts — he will work at other locations if his security company gets more contracts, he hoped. The Chase employees at the branch, he said, will be shifted to other branches. Closure notices were posted at the bank entrance, on ATM screens and at the counter, informing customers to visit the closest branch at Mission and 25th streets in the future. Consolidating the two branches, a Chase spokesperson said, is part of Chase’s efforts to “optimize our branch network.” No matter what happens across the country, Mission Local remains your source of in-depth San Francisco reporting . Now, more than ever, we're asking your help to support nonprofit, independent journalism in your community. We have $70,000 in matching funds , so you can double your donation today. Thank you for supporting local news This location is the only Chase branch that will close in San Francisco this year, according to the spokesperson. Closing the 21st Street location leaves the Mission with one less bank. Earlier this year, the Wells Fargo at 16th and Mission streets also closed its doors. 16th St Mission St Chase branch closing 24th St 16th St Mission St Chase branch closing 24th St Chart by Junyao Yang. Customers received a notice about the branch’s closure in mid-September. Banks are required by the Federal Deposit Insurance Corporation to mail a notice of closure to customers at least 90 days before the closing date. Still, Chloe Beebe, who lives close by, did not realize the branch was closing until she came by on Monday. “I get quarters here for my laundry,” she said. On every visit, she usually gets $20 worth. She will now have to go down to 25th Street — the next closest branch on 14th and Valencia streets doesn’t exchange coins, she said. Earlier this year, a car ran into the front of the bank branch, damaging the concrete columns and metal guardrails. The store’s facade remained unfixed for months, its rebar exposed and the damage lightly protected by yellow caution tape. Repair on the facade started on Tuesday morning, a week before closure. Edmond Lim, landlord of the property, did not know about the damage to the building as of Monday, nor was he sure about when the bank would close. Lim was not worried about finding the next tenant for the space. At least, “not yet,” he said. There are ample reasons to be worried, however. Commercial spaces on Mission Street, many with larger square footage, are more difficult to fill compared to counterparts on Valencia or 24th streets. A similar corner space on Mission and 17th streets, for example, has been sitting vacant for over six years. During an election year, some empty bank branches were occupied as campaign headquarters. Mayor-elect Daniel Lurie’s headquarters in the Inner Sunset was once a Bank of America branch. Ahsha Safaí’s campaign took up the U.S. Bank space on 22nd and Mission. Once again, these large spaces, some with an interior vault, are vacant. And, by the end of 5 p.m. next Tuesday, the corner of 21st and Mission will join them. For us at Mission Local, it brought a realization that while we can still be puzzled by this country and city, we can serve it best by covering it as journalists. Your support allowed us to bring you extensive election coverage in 2024 . Now, regardless of the national results, we’ll be following up on all of the promises that the winning candidates made here in San Francisco. Independent, nonprofit outlets like ours rely on your donations to make this happen. It is how we continue to do our job and expand our coverage every year. And now we are in the crazy period of end-of-year fundraising at an equally crazy political time. We have $70,000 in matching funds. More than 80 readers have already donated to our year-end campaign. Join them by giving today to double your donation. Join more than 1,800 other donors who give to Mission Local. Twitter Instagram YouTube LinkedIn Mastodon