NEW YORK (AP) — Wall Street is set to break more records Monday as U.S. stocks rise to add to last week’s gains. The S&P 500 was 0.2% higher, as of 3 p.m. Eastern time, and sitting just below its all-time high set two weeks ago. The Dow Jones Industrial Average added 397 points, or 0.9%, to its own record set on Friday, while the Nasdaq composite was 0.1% higher. Treasury yields also eased in the bond market amid what some analysts called a “Bessent bounce” after President-elect Donald Trump said he wants Scott Bessent , a hedge fund manager, to be his Treasury Secretary. Bessent has argued for reducing the U.S. government’s deficit, which is how much more it spends than it takes in through tax and other revenue. Such an approach could soothe worries on Wall Street that Trump’s policies may lead to a much bigger deficit, which in turn would put upward pressure on Treasury yields. After climbing above 4.44% immediately after Trump’s election, the yield on the 10-year Treasury fell back to 4.26% Monday and down from 4.41% late Friday. That’s a notable move, and lower yields help make it cheaper for all kinds of companies and households to borrow money. They also give a boost to prices for stocks and other investments. That helped stocks of smaller companies lead the way, and the Russell 2000 index of smaller stocks jumped 2%. It’s set to top its all-time high, which was set three years ago. Smaller companies can feel bigger boosts from lower borrowing costs because of the need of many to borrow to grow. The two-year Treasury yield, which more closely tracks the market’s expectations for what the Federal Reserve will do with overnight interest rates, also eased sharply. The Fed began cutting its main interest rate just a couple months ago from a two-decade high, hoping to keep the job market humming after bringing high inflation nearly all the way down to its 2% target. But immediately after Trump’s victory, traders had reduced bets for how many cuts the Fed may deliver next year. They were worried Trump's preference for lower tax rates and higher spending on the border would balloon the national debt. . A report coming on Wednesday could influence how much the Fed may cut rates. Economists expect it to show that an underlying inflation trend the Fed prefers to use accelerated to 2.8% last month from 2.7% in September. Higher inflation would make the Fed more reluctant to cut rates as deeply or as quickly as it would otherwise. Goldman Sachs economist David Mericle expects that to slow by the end of next year to 2.4%, but he said inflation would be even lower if not for expected tariff increases on imports from China and autos favored by Trump. In the stock market, Bath & Body Works jumped 19.1% after delivering stronger profit for the latest quarter than analysts expected. The seller of personal care products and home fragrances also raised its financial forecasts for the full year, even though it still sees a “volatile retail environment” and a shorter holiday shopping season this year. Much focus has been on how resilient U.S. shoppers can remain, given high prices across the economy and still-high interest rates. Last week, two major retailers sent mixed messages. Target tumbled after giving a dour forecast for the holiday shopping season. It followed Walmart , which gave a much more encouraging outlook. Another big retailer, Macy’s, said Monday its sales for the latest quarter were in line with its expectations, but it will delay the release of its full financial results. It found a single employee had intentionally hid up to $154 million in delivery expenses, and it needs more time to complete its investigation. Macy’s stock fell 2.9%. Among the market's leaders were several companies related to the housing industry. Monday's drop in Treasury yields could translate into easier mortgage rates, which could spur activity for housing. Builders FirstSource, a supplier or building materials, rose 6.2%. Homebuilders, D.R. Horton, PulteGroup and Lennar all rose at least 5.8%. In stock markets abroad, indexes moved modestly across much of Europe after finishing mixed in Asia. In the crypto market, bitcoin was trading around $96,800 after threatening to hit $100,000 late last week for the first time. AP Business Writer Elaine Kurtenbach contributed.Inside Trump's plan to overhaul the Justice DepartmentWhy I Am A Vegetarian: A Life Journey Toward Interconnectedness
SAN DIEGO (AP) — Sports San Diego announced Thursday that DirecTV has extended its agreement as title sponsor of the Holiday Bowl. Neither side would say how long the agreement is for. DirecTV began sponsoring the Holiday Bowl last year. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.
FRISCO, Texas (AP) — A rare win as a double-digit underdog came just in time to let the Dallas Cowboys believe their playoff hopes aren't completely gone in 2024. Cooper Rush probably will need three more victories in a row filling in for the injured Dak Prescott for any postseason talk to be realistic. The thing is, the Cowboys (4-7) could be favored in two of those games, and already are by four points as an annual Thanksgiving Day host against the New York Giants (2-9) on Thursday, according to BetMGM. Not to mention the losing record at the moment for each of the next four opponents for the defending NFC East champions, playoff qualifiers each of the past three seasons. The Cowboys have a chance to make something of the improbable and chaotic 34-26 win at Washington that ended a five-game losing streak. “Behind the eight ball,” Micah Parsons said, the star pass rusher acknowledging the reality that Dallas hadn't done much yet. “Let’s see how we can handle adversity and see if we can make a playoff run. But we got a long way to go.” It was a start, though, powered in part by the best 55 minutes from the Dallas defense since the opener, when the Cowboys dismantled Cleveland and looked the part of a Super Bowl contender. The last five minutes for the Dallas defense against the Commanders looked a lot like most of the nine games after that 33-17 victory over the Browns. Which is to say not very good. Jayden Daniels easily drove Washington 69 yards to a touchdown before throwing an 86-yard scoring pass in the final seconds to Terry McLaurin, who weaved through five defenders when a tackle might have ended the game. The Cowboys kept a 27-26 lead thanks to Austin Seibert's second missed extra point, and withstood another blunder when Juanyeh Thomas returned an onside kick recovery for a TD rather than slide and leave one kneel-down from Rush to end the game. Dallas will have to remember it did hold a dynamic rookie quarterback's offense to 251 yards before the madness of the ending in the Cowboys' biggest upset victory since 2010 at the New York Giants. That one was too late to save the season. This one might not be. “We needed it,” embattled coach Mike McCarthy said. “It’s been frustrating, no doubt. We’ve acknowledged that. We’ve got another one right around the corner here, so we have to get some wins and get some momentum.” Rush ended a personal three-game losing streak with his best showing since the previous time he won as the replacement for Prescott, who is out for the season after surgery for a torn hamstring. The 117.6 passer rating was Rush's best as a starter, and the NFL's second-worst rushing attack played a solid complementary role with Rico Dowdle gaining 86 yards on 19 carries. KaVontae Turpin's electrifying 99-yard kickoff return did more than lift the Cowboys when it appeared an 11-point lead might get away in the final five minutes. It eased the worst day of special teams for Dallas since John Fassel took over that phase four years ago. Suddenly struggling kicker Brandon Aubrey had one field-goal attempt blocked and missed another. Bryan Anger had a punt blocked. For the second time in five games, Aubrey's attempt to bounce a kickoff in front of the return man backfired. The ball bounced outside the landing zone, putting the Commanders at the 40-yard line to start the second half and setting up the drive to the game's first touchdown. CB Josh Butler, whose NFL debut earlier this season came five years after the end of his college career, had 12 tackles, a sack and three pass breakups. The pass breakups were the most by an undrafted Dallas player since 1994. Rookie LT Tyler Guyton, who has had an up-and-down season with injuries and performance issues, was benched immediately after getting called for a false start in the fourth quarter. His replacement, Asim Richards, could be sidelined with a high ankle sprain that executive vice president of personnel Stephen Jones revealed on his radio show Monday. Veteran Chuma Edoga, who was the projected starter at Guyton's position before a preseason toe injury, was active but didn't play against the Commanders. He's awaiting his season debut. The status of perennial All-Pro RG Zack Martin (ankle/shoulder) and LG Tyler Smith (ankle/knee) will be a question on the short week after both sat against Washington. Stephen Jones indicated Smith could be available and said the same of WR Brandin Cooks, who hasn't played since Week 4 because of a knee issue. TE Jake Ferguson may miss at least a second week with a concussion. The short week might make it tough for CB Trevon Diggs (groin/knee) to return. 75% — Rush's completion rate, his best with at least 10 passes. He was 24 of 32 for 247 yards with two touchdowns and no interceptions. His other game with multiple TDs and no picks was a 25-10 victory over Washington two years ago, when he went 4-1 with Prescott sidelined by a broken thumb. There's some extra rest after the short week, with Cincinnati making a “Monday Night Football” visit on Dec. 9. The next road game is at Carolina on Dec. 15. AP NFL: https://apnews.com/hub/nfl
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Costco Wholesale Corporation ( COST ) has submitted its 10-Q filing for the quarterly period ended November 24, 2024. The filing includes financial statements for the quarter, showing an increase in net sales to $60,985 million from $56,717 million in the same quarter the previous year. The increase is attributed to higher comparable sales and the opening of 26 new warehouses. Read more 2 / 6 Accenture plc (ACN) reports earnings Accenture plc (ACN) reports earnings Accenture plc ( ACN ) has submitted its 10-Q filing for the quarterly period ended November 30, 2024. The filing includes financial statements for the quarter, showing revenues of $17.7 billion, an increase of 9% in U.S. dollars and 8% in local currency compared to the same period last year. The increase was driven by growth across all geographic markets and industry groups. Read more 3 / 6 Micron Technology Inc. (MU) reports earnings Micron Technology Inc. (MU) reports earnings Micron Technology Inc. ( MU ) has submitted its 10-Q filing for the quarterly period ended November 28, 2024. The filing reports total revenue of $8.709 billion for the quarter, an increase from $4.726 billion in the same quarter the previous year. The increase is attributed to higher sales of DRAM and NAND products. Read more 4 / 6 Synopsys Inc. (SNPS) reports earnings Synopsys Inc. (SNPS) reports earnings Synopsys Inc. ( SNPS ) has released its annual 10-K report filing for the fiscal year ended October 31, 2024. The report details a 15% increase in revenue to $6.1 billion, driven by growth across all product lines and geographic regions. This includes a significant increase in both the Design Automation and Design IP segments. Read more 5 / 6 FedEx Corporation (FDX) reports earnings FedEx Corporation (FDX) reports earnings FedEx Corporation ( FDX ) has submitted its 10-Q filing for the quarterly period ended November 30, 2024. The filing details a 1% decrease in revenue for the quarter to $21,967 million compared to $22,165 million in the same period the previous year. Operating income for the quarter was $1,052 million, down from $1,276 million in the prior year, attributed to lower demand for U.S. domestic package and freight services. Read more 6 / 6None
Jimmy Carter, the 39th US president, has died at 100
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HALIFAX — The Transportation Safety Board of Canada is investigating after sparks and flames shot from under the wing of a plane that landed hard in Halifax. Nikki Valentine, a Halifax woman who was on the plane, said passengers felt a "massive rumble" upon landing at the Halifax Stanfield International Airport Saturday night. "The cabin tilted, we saw sparks and then flames and then smoke started getting sucked into the cabin," she told The Canadian Press in a direct message over social media. Airport spokesperson Tiffany Chase said Saturday an Air Canada Express flight operated by the regional carrier PAL Airlines, arriving from St. John’s, N.L., experienced an incident upon landing at approximately 9:30 p.m. Air Canada spokesperson Peter Fitzpatrick said late Saturday that the plane experienced a "suspected landing gear issue" after arrival and was unable to reach the terminal. Fitzpatrick said the crew and 73 passengers were off-loaded by bus and nobody on board was injured. A Nova Scotia RCMP spokesperson said on Saturday that some minor injuries were reported, but clarified Sunday that in fact no one was injured. Valentine said she is "especially thankful the pilot was able to get ahold of the situation very fast." The incident temporarily halted flight activity at the airport. As of Sunday afternoon, Valentine and other passengers were still without the bags they were instructed to leave on the plane. Valentine said she contacted Air Canada, who told her that it could be up to three more days before their bags are returned as the investigation into the incident continues. "A lot of people have things like house keys or wallets they needed and couldn't get," she said. "It's all proper procedure, and I'd rather the inconvenience (of missing bags) than if anything bad had happened, of course, but it's still tough." This report by The Canadian Press was first published Dec. 29, 2024. Lyndsay Armstrong, The Canadian PressPresident Jimmy Carter, the only Georgian to ever occupy the White House, died on Sunday, after spending over a year in hospice care. Carter, who turned 100 on Oct. 1 and is the longest-lived president in American history, died at his home in Plains on Sunday surrounded by family, according to the Carter Center. “My father was a hero, not only to me but to everyone who believes in peace, human rights and unselfish love,” Chip Carter, the former president’s son, said in a statement. “My brothers, sister and I shared him with the rest of the world through these common beliefs. The world is our family because of the way he brought people together, and we thank you for honoring his memory by continuing to live these shared beliefs.” Public services are planned for Atlanta and Washington, with a private burial service following in Plains. A full schedule has not yet been released. President Carter and former first lady Rosalynn Carter were beloved residents of Plains, the small town in southwest Georgia where the couple grew up. Rosalynn Carter died Nov. 19, 2023 at 96. Democratic presidential candidate Jimmy Carter embraces his wife Rosalynn after receiving the final news of his victory in the national general election, Nov. 2, 1976. (Hulton Archive/Getty Images) Their affection for one another never seemed to fade during their 77-year marriage, which spanned Carter’s ever-changing career, from peanut farmer to state senator, governor and president, as well as his post-White House roles as diplomat, humanitarian and volunteer. The former president’s passion for helping others and devotion to his faith, family and country garnered praise from Georgia’s political leaders. In a statement, Gov. Brian Kemp praised Carter’s dedication to the state and the nation as well as his humanitarian work and love for the former first lady. “Their family continues to be in our prayers as President Carter is reunited with his beloved wife and the world mourns this native Georgian, former state and national leader, and proud peanut farmer from Plains,” Kemp said. U.S. Sen. Raphael Warnock called Carter a hero, a friend and one of his favorite people, who moved the country “closer toward our highest ideals.” “A former president, he got his hands dirty, literally building people’s homes while helping them build their lives. President Carter was a Matthew 25 Christian. He believed, as I do, that the true test of your faith is the depth of your commitment to the most marginalized members of the human family. I believe he passed that test and has now graduated into immortality. Democracies around the world are stronger and children across the globe are alive today because of President Carter’s work — what a legacy to leave.” U.S. Sen Jon Ossoff said Carter will be remembered for “his commitment to democracy and human rights, his enduring faith, his philanthropic leadership and his deep love of family.” “From Plains to across the state of Georgia, the United States, and around the world, millions will forever admire and appreciate all that President Carter did for the United States and for the global community,” Ossoff said. “The State of Georgia and the United States are better places because of President Jimmy Carter.” As president, he helped broker the Camp David Peace Accords between Israel and Egypt, established diplomatic relations with China, and oversaw the creation of the departments of Energy and Education, among other accomplishments. But he would serve only one term as president, losing to Ronald Reagan in 1980 amid a struggling economy and the Iranian hostage crisis. His popularity increased after leaving the White House, becoming the face of Habitat for Humanity — and even showing up at his namesake build after suffering injuries in a fall — and taking on global crises and strife with his Atlanta-based Carter Center. He won the Nobel Peace Prize in 2002 for “his decades of untiring effort to find peaceful solutions to international conflicts, to advance democracy and human rights, and to promote economic and social development.” Former President Jimmy Carter begins work at a future Habitat for Humanity home in Nashville in 2019. (Courtesy of Habitat for Humanity International) Carter was also a prolific author who was a finalist for the Pulitzer Prize for a memoir about growing up on a Georgia farm in the rural South after the Great Depression and before the civil rights movement. He has won a Grammy three times for his audio books and was nominated another nine times. The Carters returned to their hometown after leaving the White House, moving back into the same modest ranch-style home they first purchased in 1961. A devout Christian, Carter famously continued to teach Sunday School class at Maranatha Baptist Church until 2020, ending a four-decade run that became part of Georgia political lore. The Atlanta-based Carter Center announced Feb. 18, 2023 that Carter had decided to enter hospice care and spend his remaining time at home with his family. The announcement triggered an outpouring of tributes and fond remembrances from Georgians on both sides of the aisle. Carter overcame brain cancer in 2015 and several accidents in recent years. The former president also continued to wield influence in politics – especially in Georgia. He continued to endorse candidates in high-profile races, including Vice President Kamala Harris. His grandson Jason Carter told reporters he was hanging on to cast a ballot for Harris. Carter also threw his endorsement behind top Democrats including Sen. Raphael Warnock and gubernatorial candidate Stacey Abrams — and hosted the Bidens at their home in Plains in 2021. Back in 1976, Biden, then a senator, was one of the first elected officials outside Georgia to back Carter’s presidential run. Georgia Recorder , like Oregon Capital Chronicle, is part of States Newsroom, a nonprofit news network supported by grants and a coalition of donors as a 501c(3) public charity. Georgia Recorder maintains editorial independence. Contact Editor John McCosh for questions: [email protected] .