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By JOSH BOAK WASHINGTON (AP) — President Joe Biden said Tuesday he was “stupid” not to put his own name on pandemic relief checks in 2021, noting that Donald Trump had done so in 2020 and likely got credit for helping people out through this simple, effective act of branding. Biden did the second-guessing as he delivered a speech at the Brookings Institution defending his economic record and challenging Trump to preserve Democratic policy ideas when he returns to the White House next month. Related Articles National Politics | Trump names Andrew Ferguson as head of Federal Trade Commission to replace Lina Khan National Politics | Biden issues veto threat on bill expanding federal judiciary as partisan split emerges National Politics | Trump lawyers and aide hit with 10 additional felony charges in Wisconsin over 2020 fake electors National Politics | After withdrawing as attorney general nominee, Matt Gaetz lands a talk show on OANN television National Politics | What will happen to Social Security under Trump’s tax plan? As Biden focused on his legacy with his term ending, he suggested Trump should keep the Democrats’ momentum going and ignore the policies of his allies. The president laid out favorable recent economic data but acknowledged his rare public regret that he had not been more self-promotional in advertising the financial support provided by his administration as the country emerged from the pandemic. “I signed the American Rescue Plan, the most significant economic recovery package in our history, and also learned something from Donald Trump,” Biden said at the Washington-based think tank. “He signed checks for people for 7,400 bucks ... and I didn’t. Stupid.” The decision by the former reality TV star and real estate developer to add his name to the checks sent by the U.S. Treasury to millions of Americans struggling during the coronavirus marked the first time a president’s name appeared on any IRS payments. Biden and Vice President Kamala Harris , who replaced him as the Democratic nominee , largely failed to convince the American public of the strength of the economy. The addition of 16 million jobs, funding for infrastructure, new factories and investments in renewable energy were not enough to overcome public exhaustion over inflation, which spiked in 2022 and left many households coping with elevated grocery, gasoline and housing costs. More than 6 in 10 voters in November’s election described the economy as “poor” or “not so good,” according to AP VoteCast, an extensive survey of the electorate. Trump won nearly 7 in 10 of the voters who felt the economy was in bad shape, paving the way for a second term as president after his 2020 loss to Biden. Biden used his speech to argue that Trump was inheriting a strong economy that is the envy of the world. The inflation rate fell without a recession that many economists had viewed as inevitable, while the unemployment rate is a healthy 4.2% and applications to start new businesses are at record levels. Biden called the numbers under his watch “a new set of benchmarks to measure against the next four years.” “President-elect Trump is receiving the strongest economy in modern history,” said Biden, who warned that Trump’s planned tax cuts could lead to massive deficits or deep spending cuts. He also said that Trump’s promise of broad tariffs on foreign imports would be a mistake, part of a broader push Tuesday by the administration to warn against Trump’s threatened action. Treasury Secretary Janet Yellen also issued a word of caution about them at a summit of The Wall Street Journal’s CEO Council. “I think the imposition of broad based tariffs, at least of the type that have been discussed, almost all economists agree this would raise prices on American consumers,” she said. Biden was also critical of Trump allies who have pushed Project 2025 , a policy blueprint from the Heritage Foundation that calls for a complete overhaul of the federal government. Trump has disavowed participation in it, though parts were written by his allies and overlap with his stated views on economics, immigration, education policy and civil rights. “I pray to God the president-elect throws away Project 2025,” Biden said. “I think it would be an economic disaster.” Associated Press writer Fatima Hussein in Washington contributed to this report.As TikTok bill steams forward, online influencers put on their lobbying hats to visit WashingtonNone
By CHRISTOPHER RUGABER WASHINGTON (AP) — President-elect Donald Trump on Tuesday named Andrew Ferguson as the next chair of the Federal Trade Commission . He will replace Lina Khan, who became a lightning rod for Wall Street and Silicon Valley by blocking billions of dollars’ worth of corporate acquisitions and suing Amazon and Meta while alleging anticompetitive behavior . Ferguson is already one of the FTC’s five commissioners, which is currently made up of three Democrats and two Republicans. “Andrew has a proven record of standing up to Big Tech censorship, and protecting Freedom of Speech in our Great Country,” Trump wrote on Truth Social, adding, “Andrew will be the most America First, and pro-innovation FTC Chair in our Country’s History.” Related Articles National Politics | Biden issues veto threat on bill expanding federal judiciary as partisan split emerges National Politics | Rick Scott condemns garlic from China as a ‘major threat’ to U.S. security and food safety National Politics | Trump lawyers and aide hit with 10 additional felony charges in Wisconsin over 2020 fake electors National Politics | After withdrawing as attorney general nominee, Matt Gaetz lands a talk show on OANN television National Politics | What will happen to Social Security under Trump’s tax plan? The replacement of Khan likely means that the FTC will operate with a lighter touch when it comes to antitrust enforcement. The new chair is expected to appoint new directors of the FTC’s antitrust and consumer protection divisions. “These changes likely will make the FTC more favorable to business than it has been in recent years, though the extent to which is to be determined,” wrote Anthony DiResta, a consumer protection attorney at Holland & Knight, in a recent analysis . Deals that were blocked by the Biden administration could find new life with Trump in command. For example, the new leadership could be more open to a proposed merger between the country’s two biggest supermarket chains, Kroger and Albertsons, which forged a $24.6 billion deal to combine in 2022. Two judges halted the merger Tuesday night. The FTC had filed a lawsuit in federal court earlier this year to block the merger, claiming the deal would eliminate competition, leading to higher prices and lower wages for workers. The two companies say a merger would help them lower prices and compete against bigger rivals like Walmart. One of the judges said the FTC had shown it was likely to prevail in the administrative hearing. Yet given the widespread public concern over high grocery prices, the Trump administration may not fully abandon the FTC’s efforts to block the deal, some experts have said. And the FTC may continue to scrutinize Big Tech firms for any anticompetitive behavior. Many Republican politicians have accused firms such as Meta of censoring conservative views, and some officials in Trump’s orbit, most notably Vice President-elect JD Vance, have previously expressed support for Khan’s scrutiny of Big Tech firms. In addition to Fergson, Trump also announced Tuesday that he had selected Jacob Helberg as the next undersecretary of state for economic growth, energy and the environment.Cowboys star G Zack Martin doubtful to play vs. Commanders
QuantumFusion and AI: Building a Transparent, Verifiable Future for Decentralized IntelligenceAanuulema oyendji oya thigwa taya ipolithile yoyene pomahala gokuhogololela mesiku lyomahogololo, aataleli yomahogololo yoSouthern Africa Human Rights Lawyers (SAHRL) ya hokolola ... If you are an active subscriber and the article is not showing, please log out and back in. Free access to articles from 12:00.
New pro-European coalition approved in Romania amid period of political turmoil
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. According to documents released by the state, Rush Street accepted 16 bets worth $1,523 in Nov. 2021 on a college basketball game between the University of North Carolina-Asheville and Tennessee Tech University after the game had already concluded with a UNC victory. Kambi told the enforcement division that a trader had failed to manually remove that game from its betting markets, saying it had stopped receiving messages from its own sports data provider due to a network connectivity error. Kambi said it has updated its guidelines and retrained its traders to prevent a recurrence. Kambi, which is based in Malta, did not immediately respond to a message seeking comment Monday. Rush Street declined comment, and DraftKings had no immediate comment Monday. DraftKings stopped using Kambi in 2021. In March 2022 Rush Street took seven bets totaling just under $2,900 on three Magic City Jai Alai games after the results were already known. Kambi told the division it experienced a connectivity issue that allowed the bets to be accepted after the games were over. An explanation of what Kambi did to address the situation was blacked out in documents released by the division. A month earlier Rush Street took 13 wagers worth $8,150 with pre-match odds on a Professional Golf Association match after the event had already begun. In this case, Kambi told the division a newly hired trader failed to enter the correct closing time time for bets on the event. The trader and a supervisor underwent retraining. DraftKings was fined for taking bets on unapproved events including Russian basketball for nine months in 2020 and 2021. It eventually voided over $61,000 in bets and returned the money to customers after being directed to do so by the state. In this case, Kambi told the division it misidentified this particular Russian basketball league as one that was approved for wagering in New Jersey. DraftKings told the state it did not catch the error, either. In 2020, DraftKings accepted 484 wagers on unapproved table tennis matches. Kambi incorrectly enabled the events for wagering without conditions required by the state, the division said. In Feb. 2022, the division said DraftKings took pre-season NFL bets involving specific players but did not give the state specific information on what information was to be included in the bets, drawing 182 wagers worth nearly $7,000 that were later voided and refunded to customers. Follow Wayne Parry on X at www.twitter.com/WayneParryAC
I'm A Celebrity fans 'not happy' after Ant and Dec's announcement in 'first' of the seriesQuant Ratings Updated on 102 Stocks
TORONTO — Canada's main stock index pushed higher to end Monday up almost 150 points on light trading action, while U.S. stock markets also gained ahead of the Christmas break. "Today is a quiet pre-Christmas Day of trading," said Kevin Burkett, a portfolio manager at Victoria, B.C.-based Burkett Asset Management. While markets in both Canada and the U.S. were mild, Burkett suggests watching the markets closely during the holiday season, a contrast to what's typically a sleepy period for markets. "We're continuing to watch markets very closely here because you've got some tectonic plate shifting in terms of the macroeconomic backdrop," he said. "It's all the political conversations both in Canada and in the U.S." Burkett added fiscal policy seems to be disconnected from monetary policy in the post-pandemic period. "The fiscal policy may shift and that shift absolutely has market implications both in the short and long term," he said. The S&P/TSX composite index was up 149.50 points at 24,748.98. Statistics Canada released its latest numbers on Canada's economic growth, up 0.3 per cent in October — driven by the mining, quarrying, and oil and gas extraction sector. The loonie continued its slide, trading for 69.47 cents US compared with 69.61 cents US on Friday. The telecom sector was the biggest loser at the closing on TSX, which Burkett attributed to "tax loss selling happening at the end of the year." Competition Bureau Canada announced on Monday it was suing Rogers Communications Inc. for allegedly making misleading claims about its infinite wireless plans. The stock price for Rogers, which is hovering near 52-week lows, fell 0.7 per cent on Monday. Meanwhile, BCE was down almost 1.4 per cent and Telus dropped 0.9 per cent. Burkett suggested the day's poor performance among telecom companies was likely tax loss selling since it's almost the end of the year. "It's been a tough year for the communication services sector," he said. South of the border, communications services was the top-performing sector, led by large-cap tech companies. Several big technology companies helped support the gains, including chip companies Nvidia and Broadcom. In New York, the Dow Jones industrial average was up 66.69 points at 42,906.95. The S&P 500 index was up 43.22 points at 5,974.07, while the Nasdaq composite was up 192.29 points at 19,764.89. The February crude oil contract was down 22 cents at US$69.24 per barrel and the February natural gas contract was down six cents at US$3.35 per mmBTU. The February gold contract was down US$16.90 at US$2,628.20 an ounce and the March copper contract was down one cent at US$4.09 a pound. This report by The Canadian Press was first published Dec. 23, 2024. Companies in this story: (TSX: GSPTSE, TSX: CADUSD, TSE: BCE, TSE: RCI. B) Ritika Dubey, The Canadian Press
Trump's TikTok love raises stakes in battle over app's fate
Cal staves off Sacramento State for third straight winShafali Verma’s explosive knock of 197 runs from 115 balls in the Women’s One Day Cup Trophy was nothing short of a masterclass in batting. Leading Haryana as captain, she played a pivotal role in guiding her team to a mammoth total of 390 runs in their 50 overs. The knock was particularly significant following a rough patch in her international career, where she struggled in the series against New Zealand and was dropped by the Indian women’s cricket selection committee. Shafali’s recent performances had raised questions about her place in the Indian team. During the New Zealand series, she was able to muster only 56 runs across three innings, which led to her exclusion from the squad. Despite this setback, Verma’s response on the field has been nothing short of remarkable, demonstrating her capability to bounce back under pressure. Her recent innings for Haryana served as a reminder of her immense talent and determination to prove her worth. When asked about Shafali’s exclusion from the Indian team, captain Harmanpreet Kaur kept her comments focused on the team’s performance. “I can only talk about the team. The team is here, and we focus on what we can do to win the series. Regarding Shafali or any other player, it’s better to ask the right people,” Kaur said, reinforcing the team’s collective approach and not delving into individual selections. In a recent encounter against the West Indies, Smriti Mandhana’s brilliance with the bat played a key role in India’s victory. Mandhana’s 77 runs helped India post 217/4 in the series-deciding match in Mumbai. Her fiery innings overshadowed an early collapse, including a two-ball duck by Uma Chetry and a slow start by Rodrigues. Despite these early setbacks, Rodrigues made a recovery, scoring 39 runs off 28 balls, including four boundaries, building an essential partnership with Mandhana. At No. 4, Raghvi Bisht made an impactful debut for India, scoring 31 not out off 22 balls, which included two boundaries and a six. Her first-ever six off Karishma Ramharack was a highlight, and she continued to contribute to India’s total with her all-around batting display. Bisht’s performance helped India create a solid foundation for the team in the series finale. Shafali Verma’s explosive comeback and the young talents like Raghvi Bisht making their mark showcase the bright future of women’s cricket. As the women’s team gears up for more international challenges, the performances of players like Verma, Mandhana, Rodrigues, and Bisht are sure to play a crucial role in shaping the future of the game.
76ers' star Paul George sidelined the next 2 games with bone bruise in left knee
Blake Lively's brother-in-law steps in Justin Baldoni drama, slams ‘public’ Blake Lively's brother-in-law chimes in with thoughts on actress’ filing against Justin Baldoni Blake Lively's brother-in-law stands by actress amid Justin Baldoni drama Bart Johnson has all the reasons to side with her sister-in-law, Blake Lively. Blake Lively’s brother-in-law has publicly voiced his support for the actress following her allegations of sexual harassment against It Ends With Us director and co-star Justin Baldoni. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1700472799616-0'); }); In a comment on The New York Times Instagram post about Lively’s complaint, Johnson, 54, emphasized that her concerns were documented early during production. "Her complaints were filed during the filming. On record. Long before the public conflict," wrote Johnson, who is married to Lively’s half-sister, Robyn Lively. "The cast unfollowed him for a reason. Read this article before spiting [sic] ignorance." Bart Johnson's Instagram comment Johnson also criticized Baldoni’s alleged public relations tactics, saying, "His PR team was stellar. Gross and disgusting but highly effective. Read the article, their text message exchanges, and his PR campaign strategy to bury her by any means necessary. No one is without faults. But the public got played." Lively’s complaint, obtained by People , alleges that Baldoni’s behavior created a hostile work environment, causing her “grief, fear, trauma, and extreme anxiety.” It further claims Baldoni retaliated by orchestrating a smear campaign to damage her reputation. The filing describes a meeting attended by producers and Lively’s husband, Ryan Reynolds, to address Baldoni’s alleged actions, which had reportedly disrupted production. While Lively stated that Sony Pictures and Wayfarer Studios approved her requests to address the issues, she claims Baldoni launched a “social manipulation” campaign afterward, with screenshots of alleged texts and emails included as evidence. In additional comments on Instagram, Johnson defended Lively against online criticism and referenced the immense pressure she faced. “Just IMAGINE being a stay-at-home mom raising 4 kids, married to the busiest man in Hollywood, running multiple companies, working 16+ hour days, and launching businesses while being attacked by a VERY expensive PR smear campaign,” he wrote. “Looks like she’s doing a hell of a job to me.” He also addressed resurfaced interviews of Lively that have circulated online, saying, “None of us have ever been wrong or mean. Never. We should discount decades of good for those few bad moments. Glad the microscope isn’t on me every day of my life.” Lively’s complaint has sparked widespread attention, highlighting ongoing concerns about workplace behavior and accountability in Hollywood. { "@context": "https://schema.org", "@type": "VideoObject", "mainEntityOfPage":"https://www.thenews.com.pk/latest/1264656-blake-livelys-brother-in-law-steps-in-justin-baldoni-drama-slams-public", "name": "Blake Lively's brother-in-law steps in Justin Baldoni drama, slams ‘public’", "duration":"", "datePublished": "2024-12-24T01:55:00+05:00", "dateModified": "2024-12-24T01:55:00+05:00", "keywords":"", "headline":"Blake Lively's brother-in-law steps in Justin Baldoni drama, slams ‘public’", "interactionCount": "", "thumbnail": { "@type": "ImageObject", "url": "https://www.thenews.com.pk/assets/uploads/updates/2024-12-24/l_1264656_014909_updates.jpg", "height": 390, "width": 700 }, "description": "Bart Johnson has all the reasons to side with her sister-in-law, Blake Lively.Blake Lively’s brother-in-law has publicly voiced his support for the actress following her allegations of sexual...", "thumbnailUrl": "https://www.thenews.com.pk/assets/uploads/updates/2024-12-24/l_1264656_014909_updates.jpg", "uploadDate": "2024-12-24T01:55:00+05:00", "contentUrl": "https://players.brightcove.net/6415714528001/a8C5JINxB_default/index.html?videoId=6366368731112" }Shares in Navitas Semiconductor Corporation saw a skyrocketing ascent of up to 24.6% on Monday, concluding with a hefty 20.4% gain by mid-afternoon EST. This surge wasn’t driven by any direct announcements from Navitas but rather by broader geopolitical developments that incited a wave of investor optimism across the semiconductor industry. In a strategic maneuver, the Biden administration initiated an investigation into the practices of Chinese semiconductor firms focusing on trailing-edge chips crucial to numerous industries. These chips, based on materials like silicon carbide (SiC) and gallium nitride (GaN), although considered “less advanced,” play pivotal roles in sectors such as automotive, industrial, and medical systems, among others. Navitas, which specializes in these specific chip types, emerged as a key benefactor from this news. The market responded with enthusiasm, pushing Navitas’s stock higher along with other players in the trailing-edge semiconductor space. Unlike its larger counterparts, Navitas—being a smaller entity—experienced a sharper increase. This can be attributed to its higher risk profile and the severe downturn it faced earlier, being down over 50% earlier this year. The high short interest rate of 18.8% in November potentially triggered a short squeezing phenomenon, amplifying Monday’s gains. Despite the exuberance, Navitas remains a volatile choice for investors. Profits have been elusive, and the company’s trajectory could be swayed by external factors like geopolitical tensions and economic shifts. Caution might be advisable, as retaliatory actions by China could pose risks to U.S. chip firms, including Navitas, which has significant business ties with Chinese manufacturers. Explosive Surge in Navitas Semiconductor’s Stock: What’s Driving the Gains? In a recent dramatic stock market event, Navitas Semiconductor Corporation saw its stock prices soar by up to 24.6%, finally settling at a 20.4% increase by mid-afternoon EST. While the company itself did not release any announcements to spark this rise, broader geopolitical events significantly affected investor behavior in the semiconductor sector. Navitas, a specialist in trailing-edge chips utilizing materials like silicon carbide (SiC) and gallium nitride (GaN), has directly benefitted from the Biden administration’s investigation into Chinese semiconductor practices. This focus on the trailing-edge technology, crucial for industries such as automotive, industrial, and medical systems, created a ripple of optimism among investors, boosting Navitas shares. FAQ: Understanding Navitas Semiconductor’s Stock Surge 1. What caused Navitas’s stock to rise? – The recent increase in stock value was linked to the U.S. government’s probe into Chinese semiconductor companies. Navitas, a leader in trailing-edge chip technology, was favorably impacted by this development. 2. Why did Navitas experience a sharper increase than its competitors? – Being a smaller company, Navitas had a higher risk profile and has suffered a significant downturn earlier this year. This situation, coupled with a high short interest rate, triggered a short squeeze, further propelling its stock gains. Pros and Cons of Investing in Navitas Semiconductor – Pros: – Specialization in Key Technologies : Navitas focuses on SiC and GaN chips, critical for multiple industries’ future growth. – Potential Growth Opportunities : Geopolitical developments could restrict competitors, offering Navitas a chance to capture more market share. – Cons: – Volatility : The company’s stock remains highly volatile, influenced by geopolitical and economic uncertainties. – Profitability Challenges : Navitas has yet to achieve consistent profitability, adding an element of risk for investors. Market Analysis and Future Predictions With a trajectory marked by sudden gains, Navitas’s future in the market relies heavily on external geopolitical and economic forces. While investor enthusiasm has buoyed its stock price, potential retaliations from China could disrupt operations, given the company’s business ties with Chinese manufacturers. Moving forward, Navitas must navigate these global complexities while striving towards profitability. The semiconductor sector is under continual evolution, and the ability to innovate and adapt will be key to sustaining growth. Investors are advised to stay informed about geopolitical shifts and global market trends that could impact Navitas and other semiconductor players. For further details on the semiconductor industry and trends, visit the Navitas Semiconductor Corporation website.
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