( MENAFN - EIN Presswire) Enterprise Search Market Digital transformation, diverse data, e-commerce document solutions, and chatbots drive global market growth, boosting expansion ahead. David Correa Allied Market Research +1 800-792-5285 email us here Visit us on social media: Facebook X Legal Disclaimer: EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above. MENAFN29122024003118003196ID1109040151 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.Tuesday's Transactions
Timberwolves push back start time vs. Spurs because of issue with game court‘Today’: Hoda Kotb Reveals Former Boss Told Her to ‘Get on The Treadmill’ (VIDEO)
The Pittsburgh Penguins were without star defenseman Kris Letang when they took the ice for warmups on Sunday. He was announced as out with a lower-body injury right before puck-drop, paving the way for rookie Nate Clurman to make his NHL debut . Clurman received his third call-up of the season on Friday. His prior two both ended in Clurman being sent down the very next day without any ice time – both trends he’s bucked on this recall. Pittsburgh provided no additional details on Letang’s injury. He becomes yet another impactful Penguins defender to go down with an injury, joining Marcus Pettersson (undisclosed) and Owen Pickering (concussion) who are both on injured reserve. Letang missed three games earlier this season due to an illness but has otherwise held strong to his role as Pittsburgh’s top defender. He leads the team’s skaters in average ice time with 23:24, though that number is still far from the near-25 minutes of ice time that Letang has rivaled in every season since 2011-12. That dip in utilization matches Letang’s dip in productivity. He currently has just 16 points in 34 games, his lowest scoring pace since 2009-10. Both Erik Karlsson (25) and Matt Grzelcyk (18) rank higher than Letang in scoring. With their star veteran out, Pittsburgh turns towards an effective, two-way AHL defenseman. Clurman has recorded five points, 10 penalty minutes, and a +6 in 18 games this season. He’s already tied his scoring totals from 37 games last year. Clurman was originally a sixth-round draft pick to the Colorado Avalanche in 2016 and turned pro in 2020-21. He bounced between the ECHL and AHL lineups for two years but found strong footing in the AHL by 2022-23 – when he totaled 15 points in 57 games. Clurman will now climb the next rung of the ladder, and get his first chance to prove he can fit at the NHL level too. This article first appeared on Pro Hockey Rumors and was syndicated with permission.
Assad exit puts US at perilous crossroads in SyriaAre banks, post offices, UPS and FedEx open on New Year's Eve 2024? Will mail be delivered?
NEW YORK (AP) — U.S. stocks rose to records Tuesday after Donald Trump’s latest talk about tariffs created only some ripples on Wall Street, even if they could roil the global economy were they to take effect. The S&P 500 climbed 0.6% to top the all-time high it set a couple weeks ago. The Dow Jones Industrial Average added 123 points, or 0.3%, to its own record set the day before, while the Nasdaq composite gained 0.6% as Microsoft and Big Tech led the way. Stock markets abroad mostly fell after President-elect Trump said he plans to impose sweeping new tariffs on Mexico, Canada and China once he takes office. But the movements were mostly modest. Stock indexes were down 0.1% in Shanghai and nearly flat in Hong Kong, while Canada’s main index edged down by less than 0.1%. Trump has often praised the use of tariffs , but investors are weighing whether his latest threat will actually become policy or is just an opening point for negotiations. For now, the market seems to be taking it more as the latter. The consequences otherwise for markets and the global economy could be painful. Unless the United States can prepare alternatives for the autos, energy products and other goods that come from Mexico, Canada and China, such tariffs would raise the price of imported items all at once and make households poorer, according to Carl Weinberg and Rubeela Farooqi, economists at High Frequency Economics. They would also hurt profit margins for U.S. companies, while raising the threat of retaliatory tariffs by other countries. And unlike tariffs in Trump’s first term, his latest proposal would affect products across the board. General Motors sank 9%, and Ford Motor fell 2.6% because both import automobiles from Mexico. Constellation Brands, which sells Modelo and other Mexican beer brands in the United States, dropped 3.3%. The value of the Mexican peso fell 1.8% against the U.S. dollar. Beyond the pain such tariffs would cause U.S. households and businesses, they could also push the Federal Reserve to slow or even halt its cuts to interest rates. The Fed had just begun easing its main interest rate from a two-decade high a couple months ago to offer support for the job market . While lower interest rates can boost the economy, they can also offer more fuel for inflation. “Many” officials at the Fed’s last meeting earlier this month said they should lower rates gradually, according to minutes of the meeting released Tuesday afternoon. The talk about tariffs overshadowed another mixed set of profit reports from U.S. retailers that answered few questions about how much more shoppers can keep spending. They’ll need to stay resilient after helping the economy avoid a recession, despite the high interest rates imposed by the Fed to get inflation under control. A report on Tuesday from the Conference Board said confidence among U.S. consumers improved in November, but not by as much as economists expected. Kohl’s tumbled 17% after its results for the latest quarter fell short of analysts’ expectations. CEO Tom Kingsbury said sales remain soft for apparel and footwear. A day earlier, Kingsbury said he plans to step down as CEO in January. Ashley Buchanan, CEO of Michaels and a retail veteran, will replace him. Best Buy fell 4.9% after likewise falling short of analysts’ expectations. Dick’s Sporting Goods topped forecasts for the latest quarter thanks to a strong back-to-school season, but its stock lost an early gain to fall 1.4%. Still, more stocks rose in the S&P 500 than fell. J.M. Smucker had one of the biggest gains and climbed 5.7% after topping analysts’ expectations for the latest quarter. CEO Mark Smucker credited strength for its Uncrustables, Meow Mix, Café Bustelo and Jif brands. Big Tech stocks also helped prop up U.S. indexes. Gains of 3.2% for Amazon and 2.2% for Microsoft were the two strongest forces lifting the S&P 500. All told, the S&P 500 rose 34.26 points to 6,021.63. The Dow gained 123.74 to 44,860.31, and the Nasdaq composite climbed 119.46 to 19,174.30. In the bond market, Treasury yields held relatively steady following their big drop from a day before driven by relief following Trump’s pick for Treasury secretary. The yield on the 10-year Treasury inched up to 4.29% from 4.28% late Monday, but it’s still well below the 4.41% level where it ended last week. In the crypto market, bitcoin continued to pull back after topping $99,000 for the first time late last week. It’s since dipped back toward $91,000, according to CoinDesk. It’s a sharp turnaround from the bonanza that initially took over the crypto market following Trump’s election. That boom had also appeared to have spilled into some corners of the stock market. Strategists at Barclays Capital pointed to stocks of unprofitable companies, along with other areas that can be caught up in bursts of optimism by smaller-pocketed “retail” investors. AP Business Writer Elaine Kurtenbach contributed. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. Stay up-to-date on the latest in local and national government and political topics with our newsletter.None
B.C. Premier Eby says Canada must negotiate from position of strength on U.S. tariff British Columbia Premier David Eby said Canada must approach Donald Trump's plan to impose a 25 per cent U.S. Dirk Meissner and Nono Shen, The Canadian Press Nov 26, 2024 2:45 PM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message Premier-designate David Eby holds a media availability following election results at the legislature in Victoria, Tuesday, Oct. 29, 2024. THE CANADIAN PRESS/Chad Hipolito Listen to this article 00:01:16 British Columbia Premier David Eby said Canada must approach Donald Trump's plan to impose a 25 per cent U.S. tariff on Canadian goods from a position of strength, as business, trade and community organizations called for quick action on the trade threat. Eby said premiers and Prime Minister Justin Trudeau would meet this week to discuss "our strategic approach" to the U.S. president-elect's plan to impose the tariff on Canadian and Mexican imports immediately after his inauguration on Jan. 20, unless action was taken to stem the cross-border flow of migrants and illegal drugs. The B.C. premier made the comments Tuesday in a speech to the annual convention of the B.C. Federation of Labour in Vancouver. "Obviously, this will be devastating to workers on both sides of the border," he said. "Both in the U.S. and in Canada, the impact on families will be profoundly significant." Canada and the U.S. have long been top trading partners, on imports as well as exports, and the strength of this relationship put Canada in a solid position when it came to Trump's tariff threat, Eby said. "We have more in common with Americans than what separates us," he said. "We buy more American stuff than France, than China and Japan and the United Kingdom combined. So, we are negotiating, I believe, from a position of strength." Eby called for a united Canadian approach to the proposed U.S. tariff. "We're going to stand together and we're going to ensure we negotiate from a position of strength and that we negotiate hard and ensure any decisions that are made are in the best interests of British Columbians and Canadians," he said. Eby acknowledged improvements could be made on Canada's border, especially when it came to policing contraband and illegal drugs. "We've called repeatedly, for example, for port police to ensure what comes into B.C. is not contraband, is not illicit drugs or precursor chemicals," he said. "These are things that we can do to make life better here in B.C., as well as respond to concerns that have been raised south of the border." Trump issued a statement on social media on Monday saying Canada and Mexico had the power to solve their border issues, which he called a "long simmering problem." Opposition B.C. Conservative Leader John Rustad called for the immediate recall of the B.C. legislature Tuesday to provide funding to secure borders to stop the flow of illegal drugs and migrants. Business organizations in B.C. called on the provincial and federal government to immediately address Trump's tariff plan, which they said would will hurt businesses. The proposal would have significant consequences for B.C. businesses of all sizes and would harm communities and workers across the province, said Fiona Famulak, B.C. Chamber of Commerce president and chief executive officer. “Ottawa must take this news seriously and work proactively with representatives of the incoming U.S. administration immediately to address the issue before the tariffs are implemented," she said in a statement. "We cannot afford to wait until January to take action." The Metro Vancouver city of Surrey, which has two U.S. border crossings, said in a statement the proposed tariff would have severe implications for the city's business community. Most of B.C.'s manufacturing industry is located in Surrey and the city is also home to many thriving import-export-reliant businesses, which would face increased costs and potential job losses if the U.S. tariff was imposed, said Jasroop Gosal, Surrey Board of Trade spokesman. The B.C. Lumber Trade Council said the proposed tariff would hurt U.S. consumers and homebuyers by driving up the cost of building materials from Canada, while the Greater Vancouver Board of Trade said the U.S. was B.C.’s most important trading partner, accounting for 54 per cent of the province’s commodity exports in 2023. "It is imperative that we engage constructively with our U.S. counterparts to advance our collective interests," said Bridgitte Anderson, board of trade president and CEO. "This should act as a wake-up call to all levels of government that a new Team Canada approach is required," said Anderson. "We saw the reaction in the markets, and we saw the (Canadian) dollar fall. The shock waves were quite significant and we shouldn't underestimate what the impact of this could be." She said some of B.C.’s top exports to the U.S. are natural gas, softwood lumber, agricultural products, and minerals and metals. But some economists and policy analysts warned against falling for familiar Trump negotiation tactics. “He likes nothing more than to see his negotiating partners trembling in fear or running around screaming with their hair on fire," said Carlo Dade, trade and infrastructure director at the Alberta-based Canada West Foundation. "So, we need to react, but we need to do so with prudence, with firmness, with thought and without fear and panic." Prof. Nicolas Schmitt said the tariff proposal was a threat rather than a solid policy decision. “We should not panic about the 25 per cent threat right now," said Schmitt, who teaches economics at Simon Fraser University. "It's a bullying tactic. It's like bullying in the schoolyard." B.C. government data says the province's exports to the U.S. in the first half of 2024 were worth $16.9 billion, down 1.1 per cent compared to the same period last year. The U.S. is by far B.C.'s largest export destination, with mainland China in second place receiving goods worth $4.9 billion in the year to July, up 13.2 per cent. This report by The Canadian Press was first published Nov. 26, 2024. Dirk Meissner and Nono Shen, The Canadian Press See a typo/mistake? Have a story/tip? This has been shared 0 times 0 Shares Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message More National Business Prairie premiers urge action on security to fend off Trump's tariff threats Nov 26, 2024 2:23 PM B.C. health executive fired for refusing COVID-19 vaccine loses EI appeal Nov 26, 2024 2:07 PM Closing First Nations infrastructure gap could generate $635B: report Nov 26, 2024 2:06 PM Featured Flyer
For more than a decade, the United States has sought to keep out of Syria's political debacle, seeing no viable partner. Islamist rebels' toppling of strongman Bashar al-Assad has forced a change of tune -- and a debate over just what US interests are. Donald Trump, who returns to the White House in little more than a month, on the eve of Assad's fall called Syria "a mess" and stated in his plain-speaking style that the United States should not be involved. Joe Biden's administration, after putting Syria on the backburner in a turbulent region, has offered a tacit rebuttal by stating that clear US interests are at stake -- including preventing Syria from fragmenting and avoiding a resurgence of the Islamic State extremist group. Steven Cook, a senior fellow at the Council on Foreign Relations, said Trump's and Biden's statements could be combined and "together they make a kind of decent policy." The United States needs to address real concerns about the Islamic State group and Al-Qaeda but "as far as getting involved in arranging the politics of Syria, I think that no good can come from it," Cook said. Since the presidency of Barack Obama, the United States has walked a fine line on Syria that critics often derided as a non-policy. The United States questioned the legitimacy of Assad, demanding accountability for brutality in one of the 21st century's deadliest wars, but stopped short of prioritizing his departure due to suspicions about the main rebels. The Islamist movement Hayat Tahrir al-Sham (HTS), which has now led Assad's ouster, traces its roots to Syria's Al-Qaeda branch and is considered a terrorist organization by the United States. Since Obama's time, the United States instead has allied itself in Syria with a smaller fighting force of the Kurdish minority -- over strenuous objections of neighboring Turkey, which backs HTS -- with a narrow mission to counter the Islamic State group. Some 900 US troops remain in Syria. Assad fell in a lighting surprise offensive as his protector Russia is bogged down in its invasion of Ukraine and after Israel's military heavily degraded Assad's other key supporters -- Iran and Lebanese militia Hezbollah. Robert Ford, the last US ambassador to Syria, helped spearhead the terrorist designation of HTS in 2012 but said that the group since then has not attacked US or Western targets and has instead fought Al-Qaeda and Islamic State forces. Ford also pointed with hope to post-victory statements by rebel chief Abu Mohammed al-Jolani, including welcoming international monitoring of any chemical weapons that are discovered. "Can you imagine Osama bin Laden saying that?" said Ford, now a senior fellow at the Middle East Institute. "I'm not saying 'trust Jolani.' He's obviously authoritarian. He's obviously an Islamist who doesn't believe that Christians have an equal right to power as Muslims. But I sure as hell want to test him on some of these things," Ford said. He said that the United States should encourage HTS, as well as other Syrian actors, to reach out and reassure the country's diverse communities including Christians, Kurds and Alawites -- the sect of the secular-oriented Assad. Beyond that, Washington should take a back-seat and let Syrians sort out their future, he said. "We should learn from the experience in Iraq that trying to impose exiles on a population traumatized by a brutal dictatorship and war is not a recipe for success," Ford said. Outgoing Secretary of State Antony Blinken on Tuesday offered US recognition to a future government that is "credible, inclusive and non-sectarian." Trump in his first term, at the urging of Turkish President Recep Tayyip Erdogan, abruptly said he would pull troops out of Syria. He backtracked after intense criticism at home and appeals from French President Emmanuel Macron, who pointed to the risk of Islamic State filling the vacuum. Trump has not indicated how he would change Syria policy this time. But he has shown no reluctance in the past to negotiate with foreign adversaries on the US blacklist, from Afghanistan's Taliban to North Korean leader Kim Jong Un. State Department spokesman Matthew Miller said there was no legal restriction on US contact with designated terrorists, although he indicated there was no direct dialogue with HTS. Natasha Hall, a senior fellow at the Center for Strategic and International Studies, said Syria could face "devastating economic and humanitarian consequences" unless the United States reconsiders the terrorist designation of HTS, which impedes aid groups. "That said," she said, "if there isn't sort of an established framework for negotiations and good behavior now, before that designation is lifted, that could potentially also be a major mistake down the line for Syria's future."There were also big wins for Arsenal, Atletico Madrid, Atalanta and Bayer Leverkusen, while Inter Milan went top of the standings after five games and Barcelona's Robert Lewandowski reached a century of Champions League goals. However, the biggest drama came at the Etihad Stadium, where City were cruising early in the second half with a three-goal advantage as they sought to end a run of five successive defeats in all competitions. Erling Haaland opened the scoring from a penalty just before half-time, and Ilkay Gundogan's deflected shot made it 2-0 in the 50th minute. Haaland struck again to make it 3-0, but Feyenoord's comeback began on 75 minutes when Anis Hadj Moussa took advantage of hapless defending to round goalkeeper Ederson and pull one back. Substitute Santiago Gimenez bundled in to make it 3-2 on 82 minutes and the equaliser arrived a minute from the end. Ederson was again caught out with Igor Paixao going around the goalkeeper and crossing for Slovak international David Hancko to head in. "We concede a lot of goals because we are not stable," complained Guardiola. "We lost a lot of games lately. We are fragile and of course we need a victory." It is the first time that a team has gone into the last 20 minutes of a Champions League game trailing by three goals and still avoided defeat, as the point boosts the Dutch side's hopes of progressing. City are two points outside the top eight places which offer direct qualification for the last 16, while Bayern moved above them by beating PSG 1-0 in Munich. South Korean defender Kim Min-jae scored the only goal seven minutes before half-time, heading in after goalkeeper Matvei Safonov failed to clear a corner. PSG had Ousmane Dembele sent off in the second half and the French champions have just four points, and three goals, from five games. They are a lowly 26th in the 36-team league, a point adrift of the positions which offer a place in the play-off round in February. "We need to win our last three matches, otherwise we risk being eliminated," admitted PSG coach Luis Enrique. Lewandowski notched his 100th goal in the competition with an early penalty in Barcelona's 3-0 home win over French side Brest. Dani Olmo netted midway through the second half before Lewandowski sealed Barca's win at the death, his 101st goal in the Champions League -- only Cristiano Ronaldo and Lionel Messi have scored more. Inter lead the standings with 13 points, a point ahead of Barcelona and Liverpool, after a 1-0 win at home to RB Leipzig which means they are also still yet to concede a goal. Castello Lukeba's own goal made the difference at San Siro, and Leipzig are one of only three teams to have lost five games out of five. Arsenal romped to a 5-1 victory away to Sporting in Lisbon, as the Portuguese side adapt to life without coach Ruben Amorim, who has departed for Manchester United. Gabriel Martinelli, Kai Havertz and Gabriel Magalhaes all scored in the first half for Arsenal, before Goncalo Inacio pulled one back shortly after the restart. Bukayo Saka converted a penalty on 65 minutes after Martin Odegaard had been brought down, and Leandro Trossard headed in to seal Arsenal's win late on. Atalanta romped to a 6-1 win over rock-bottom Young Boys in Switzerland, with Mateo Retegui and Charles De Ketelaere both scoring braces. Sead Kolasinac and Lazar Samardzic also netted for the Italians, with Silvere Ganvoula getting the hosts' reply. Florian Wirtz struck twice, including a penalty, as Leverkusen crushed Red Bull Salzburg 5-0, with Alejandro Grimaldo scoring a superb free-kick and Patrik Schick and Aleix Garcia also netting. Julian Alvarez and substitute Angel Correa each scored twice and Marcos Llorente and Antoine Griezmann once as Atletico romped to a 6-0 win away to Sparta Prague. Christian Pulisic, Rafael Leao and Tammy Abraham were the scorers in AC Milan's 3-2 win at Slovan Bratislava, whose goals came from Tigran Barseghyan and Nino Marcelli. Marko Tolic saw red at the end for Slovan, who are without a point. as/nf