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2025-01-20
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Stocks shook off a choppy start to finish higher Monday, as Wall Street kicked off a holiday-shortened week. The S&P 500 ended 0.7% higher after having been down 0.5% in the early going. The Dow Jones Industrial Average also recovered from an early slide to eke out a 0.2% gain. The tech-heavy Nasdaq composite rose 1%. Gains in technology and communications stocks accounted for much of the gains, outweighing losses in consumer goods companies and elsewhere in the market. Semiconductor giant Nvidia, whose enormous valuation gives it an outsize influence on indexes, rose 3.7%. Broadcom climbed 5.5% to also help support the broader market. Walmart fell 2% and PepsiCo slid 1%. Japanese automakers Honda and Nissan said they are talking about combining in a deal that might also include Mitsubishi Motors. U.S.-listed shares in Honda jumped 12.7%, while Nissan ended flat. Eli Lilly rose 3.7% after announcing that regulators approved Zepbound as the first and only prescription medicine for adults with sleep apnea. Department store Nordstrom fell 1.5% after it agreed to be taken private by Nordstrom family members and a Mexican retail group in a $6.25 billion deal. All told, the S&P 500 rose 43.22 points to 5,974.07. The Dow gained 66.69 points to 42,906.95. The Nasdaq rose 192.29 points to 19,764.89. Traders got a look at a new snapshot of U.S. consumer confidence Monday. The Conference Board said that consumer confidence slipped in December. Its consumer confidence index fell back to 104.7 from 112.8 in November. Wall Street was expecting a reading of 113.8. Story continues below video The unexpectedly weak consumer confidence update follows several generally strong economic reports last week. One report showed the overall economy grew at a 3.1% annualized rate during the summer, faster than earlier thought. The latest report on unemployment benefit applications showed that the job market remains solid. A report on Friday said a measure of inflation the Federal Reserve likes to use was slightly lower last month than economists expected. Worries about inflation edging higher again had been weighing on Wall Street and the Fed. The central bank just delivered its third cut to interest rates this year, but inflation has been hovering stubbornly above its target of 2%. It has signaled that it could deliver fewer cuts to interest rates next year than it earlier anticipated because of concerns over inflation. Expectations for more interest rate cuts have helped drive a roughly 25% gain for the S&P 500 in 2024. That drive included 57 all-time highs this year. Inflation concerns have added to uncertainties heading into 2025, which include the labor market's path ahead and shifting economic policies under an incoming President Donald Trump. "Put simply, much of the strong market performance prior to last week was driven by expectations that a best-case scenario was the base case for 2025," said Brent Schutte, chief investment officer at Northwestern Mutual Wealth Management Company Treasury yields rose in the bond market. The yield on the 10-year Treasury rose to 4.59% from 4.53% late Friday. European markets closed mostly lower, while markets in Asia gained ground. Wall Street has several other economic reports to look forward to this week. On Tuesday, the U.S. will release its November report for sales of newly constructed homes. A weekly update on unemployment benefits is expected on Thursday. Markets in the U.S. will close at 1 p.m. Eastern on Tuesday for Christmas Eve and will remain closed on Wednesday for Christmas.

ZEISS Industrial Quality Solutions Transforms its Go-to-Market-Strategy in Canada to Drive Customer ExcellenceElon Musk Says Britain Is A 'Tyrannical Police State' In Latest Swipe At Keir StarmerFans of The Voice are fuming over a major error they noticed during the singing competition show's latest episode of Season 26 . They also claim this isn't the first time the hit NBC show has made the massive mistake, as it apparently occurs "every season." December 2's episode saw the top eight artists, Adam Bohanan, Christina Eagle, Danny Joseph, Jan Dan, Jeremy Beloate, Shye, Sydney Sterlace, and Sofronio Vasquez perform for viewers and coaches Reba McEntire , Snoop Dogg , Gwen Stefani, and Michael Bublé. First, the eight contestants sang a solo song and then a second track with rockstar Sting - who served as a Mega Mentor for Team Snoop and Team Gwen. However, viewers shared the same complaint once again: the episode's sound was off. Taking to social media, fans slammed the show for being "so loud" which impacted how they heard the singers. On X one wrote: "#thevoice Why tf this 'background' music so loud? I can’t even hear the singers." Another added: "They always have the music way too loud during the lives for whatever reason. So loud I couldn’t even hear Carson taking us to commercials." A third said: "The audio is awful on the show tonight. All you can hear is echo and background music." Meanwhile, on Reddit , fans shared similar sentiments. One penned: "Maybe I need a new TV, I’m also kind of grateful because I’m not enjoying the singers, but I also can’t hear them sing. Turn up the mics." DON'T MISS: Fathers Day 2024 sees Hollywood celebrate loving dads including Tom Brady [LATEST] Blake Shelton's favorite snack only has three ingredients [REVEALED] Blake Shelton and Gwen Stefani's duet at the ACM's labeled 'bold' for one reason [BACKLASH] A second wrote: "Happens every season for some reason." A third added: "The Voice is always like that. I have to max my speakers to hear. Every other show I have the volume at like 60%." A fourth commented: "The band is so loud OR the singers are so bad they are covering them up. Annoying that the background drowns the voices." During the episode, Sting played bass for pairs of contestants, as they performed his hits, including Every Breath You Take, Fields of Gold, Roxanne, and If You Love Somebody Set Them Free. After viewers vote, the list of eight contestants remaining will be slashed to five on Tuesday's episode. Four will be the top four, and the others will be the sole winner of the season's Instant Save. Five artists will move forward to next week's final two shows, with the winner being named on December 10. Whoever wins Season 26 will secure a recording contract with Universal Music Group and a cash prize of $100,000. The hit singing competition debuted back in 2011 and the current season premiered on NBC on September 23. Season 27 will see a new cast of coaches guiding the singers through their journey. The Voice airs Monday night at 8pm ET/PT for performances and on Tuesday night at 8pm ET/PT for results on NBC.

On Saturday, the No. 5 Indiana Hoosiers will face off against the No, 2 Ohio State Buckeyes in a highly-anticipated Big Ten matchup. Though this is one of the best games of the Week 13 college football slate, the top-5 contest will not be played under the lights in a primetime slot. Javascript is required for you to be able to read premium content. Thanks for the feedback.

Kevin Kisner Takes Lead Analyst Role at NBC Golf

Thor Explorations boss says more to come after jam-packed twelve months - ICYMISingh won’t support Conservative non-confidence motion that uses his own wordsNissan and Honda to attempt a merger that would create the world's No. 3 automaker TOKYO (AP) — Japanese automakers Nissan and Honda have announced plans to work toward a merger that would catapult them to a top position in an industry in the midst of tectonic shifts as it transitions away from its reliance on fossil fuels. The two companies said they signed an agreement on integrating their businesses on Monday. Smaller Nissan alliance member Mitsubishi Motors agreed to join the talks. News of a possible merger surfaced earlier this month. Japanese automakers face a strong challenge from their Chinese rivals and Tesla as they make inroads into markets at home and abroad. What a merger between Nissan and Honda means for the automakers and the industry BANGKOK (AP) — Japanese automakers Honda and Nissan will attempt to merge and create the world’s third-largest automaker by sales as the industry undergoes dramatic changes in its transition away from fossil fuels. The two companies said they had signed a memorandum of understanding on Monday and that smaller Nissan alliance member Mitsubishi Motors also had agreed to join the talks on integrating their businesses. Honda will initially lead the new management, retaining the principles and brands of each company. Following is a quick look at what a combined Honda and Nissan would mean for the companies, and for the auto industry. Nordstrom to be acquired by Nordstrom family and a Mexican retail group in $6.25 billion deal Century-old department store Nordstrom has agreed to be acquired and taken private by Nordstrom family members and a Mexican retail group in a $6.25 billion deal. Nordstrom shareholders will receive $24.25 in cash for each share of Nordstrom common stock, representing a 42% premium on the company’s stock as of March 18. Nordstrom’s board of directors unanimously approved the the proposed transaction, while Erik and Pete Nordstrom — part of the Nordstrom family taking over the company — recused themselves from voting. Following the close of the transaction, the Nordstrom Family will have a majority ownership stake in the company. An analyst looks ahead to how the US economy might fare under Trump WASHINGTON (AP) — President-elect Donald Trump won a return to the White House in part by promising big changes in economic policy — more tax cuts, huge tariffs on imports, mass deportations of immigrants working in the United States illegally. In some ways, his victory marked a repudiation of President Joe Biden’s economic stewardship and a protest against inflation. It came despite low unemployment and steady growth under the Biden administration. What lies ahead for the economy under Trump? Paul Ashworth of Capital Economics spoke recently to The Associated Press. The interview has been edited for length and clarity. American consumers feeling less confident in December, Conference Board says American consumers are feeling less confident in December, a business research group says. The Conference Board said Monday that its consumer confidence index fell back in December to 104.7 from 112.8 in November. Consumers had been feeling increasingly confident in recent months. The consumer confidence index measures both Americans’ assessment of current economic conditions and their outlook for the next six months. The measure of Americans’ short-term expectations for income, business and the job market tumbled more than a dozen points to 81.1. The Conference Board says a reading under 80 can signal a potential recession in the near future. Stock market today: Wall Street rises at the start of a holiday-shortened week Stocks closed higher on Wall Street at the start of a holiday-shortened week. The S&P 500 rose 0.7% Monday. Several big technology companies helped support the gains, including chip companies Nvidia and Broadcom. The Dow Jones Industrial Average added 0.2%, and the Nasdaq composite rose 1%. Honda's U.S.-listed shares rose sharply after the company said it was in talks about a combination with Nissan in a deal that could also include Mitsubishi Motors. Eli Lilly rose after announcing that regulators approved Zepbound as the first prescription medicine for adults with sleep apnea. Treasury yields rose in the bond market. The internet is rife with fake reviews. Will AI make it worse? Researchers and watchdog groups say the emergence of generative artificial intelligence tools that allow people to efficiently produce detailed and novel online reviews has put merchants, service providers and consumers in uncharted territory. Phony reviews have long plagued many popular consumer websites, such as Amazon and Yelp. But AI-infused text generation tools enable fraudsters to produce reviews faster and in greater volume, according to tech industry experts. The deceptive practice is illegal in the U.S. and becomes a bigger problem for consumers during the holiday shopping season, when many people rely on reviews to buy gifts. A tech company and watchdog group that uses software to detect fake reviews says AI-generated reviews have multiplied. Romanian lawmakers narrowly approve new pro-European coalition during period of political turmoil BUCHAREST, Romania (AP) — Romanian lawmakers have voted narrowly in favor of a new pro-European coalition government led by incumbent Prime Minister Marcel Ciolacu. The move on Monday could usher in an end to a protracted political crisis in the European Union country following the annulment of a presidential election. Parliament approved the new administration in a 240-143 vote in the 466-seat legislature. The new coalition is made up of the leftist Social Democratic Party, the center-right National Liberal Party, the small ethnic Hungarian UDMR party and national minorities. President Klaus Iohannis swore in the new government on Monday night. Government regulators close investigation into Ford Focus recalls Government safety regulators are closing an investigation into two previous recalls of the Ford Focus after determining that Ford Motor Co. has satisfied its concerns. Ford recalled around 1.5 million Ford Focus sedans from the 2012-2018 model years in 2018 because they could lose power. The issue was a malfunctioning canister purge valve and software that didn’t adequately detect when it was stuck open. Ford fixed the software in two separate recalls, but after cars continued to stall, the government opened an inquiry last year. Earlier this fall, Ford offered to replace the canister purge valve on all of the vehicles, satisfying regulators' concerns. AI will eavesdrop on world's wildest places to track and help protect endangered wildlife PUERTO JIMÉNEZ, Costa Rica (AP) — A biologist hid 350 audio monitors across Costa Rica’s tropical rainforests to spy on endangered spider monkeys in order to help protect them. But she had to go back to collect the data and feed those sounds into artificial intelligence systems that can recognize monkey calls. Now tech giant Microsoft's philanthropic arm is hoping to supercharge AI-assisted wildlife research with new solar-powered devices that can capture sounds, images and other wilderness data for a year or more without human intervention. Researchers say more AI wildlife surveillance is urgently needed to monitor the health of species at risk of extinction.

ATLANTIC CITY, N.J. (AP) — New Jersey gambling regulators have handed out $40,000 in fines to two sportsbooks and a tech company for violations that included taking bets on unauthorized events, and on games that had already ended. In information made public Monday, the New Jersey Division of Gaming Enforcement fined DraftKings $20,000. It also levied $10,000 fines on Rush Street Interactive NJ and the sports betting technology company Kambi. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Get our free email newsletters — latest headlines and e-edition notifications.

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Akron routs Division III-SUNY-Brockport 101-48

Supreme Court seems likely to uphold Tennessee's ban on treatments for transgender minors

Pure Storage Announces Third Quarter Fiscal 2025 Financial ResultsLiverpool star watches Jack Tuner's devastating first-round knockout as James Metcalf returns

CHARLESTON, S.C. (AP) — Kobe Sanders scored 27 points, including five of six from the free throw line in the closing minutes, and Nevada pulled away late to beat Oklahoma State 90-78 for a fifth-place finish at the Charleston Classic on Sunday. Nevada's lone loss in its first six games came in the tournament's opening round when the Wolf Pack fell to Vanderbilt 73-71. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.

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