
The Indianapolis Colts could show up to the stadium on Sunday with nothing to play for. Or the scenario may call for a victory so they can remain alive in the AFC playoffs. Either way, the Colts' postseason fate hangs on other teams as they enter Sunday's game against the lowly New York Giants at East Rutherford, N.J. Indianapolis (7-8) is mathematically alive in the playoff hunt but trails the Los Angeles Chargers and Denver Broncos by two games with two contests left. The Chargers and Broncos both have games on Saturday. If both nine-win clubs win, the Colts will be eliminated and miss the playoffs for the fourth straight season. Colts quarterback Anthony Richardson is well aware of the team's predicament and scenarios entering the game against the Giants (2-13), who have lost a franchise-record 10 straight games. "We still have an opportunity, with some help from other people," Richardson said. "But we just taking it one game at a time because it doesn't do us any good if everybody else does what they have to do to help us out and then we don't go out there and take advantage of it." Richardson (back/foot) sat out practice Thursday and the Colts remain confident his ailments will improve. If not, veteran Joe Flacco could be in line to start against New York. Flacco was just 1-3 as a starter when Richardson was sidelined or benched earlier this season. But Flacco (nine touchdowns, five interceptions) has a superior touchdown-to-interception ratio than Richardson (eight TDs, 12 interceptions) and has completed 66.5 percent of his passes compared to Richardson's 47.7 percent. No matter who starts, the game plan will revolve around star running back Jonathan Taylor, who rushed for 218 yards and three scores on 29 carries during last weekend's 38-30 home win over the Tennessee Titans. It was Taylor's second-most rushing yards in a game behind the club-record 253 he put up against the Jacksonville Jaguars during the 2020 season. The Giants are starting Drew Lock at quarterback for the fourth time in the past five games. Lock underwent an MRI exam on his passing shoulder Monday but no damage was found. He hurt it during Sunday's 34-7 road loss against the Atlanta Falcons. Lock is 0-3 as a starter this season and has completed just 52.7 percent of his passes. He has one touchdown and four interceptions in 129 attempts. "As a quarterback, the ball is in your hands every play and one or two bad plays can change a game," Lock said of his miscues. "You try to look at them individually, try to learn from each play individually and go onto the next week. Learn from what you did and just have a heavy emphasis on taking care of the ball." Giants coach Brian Daboll opted for Lock over Tommy DeVito, who is 0-2 as a starter this season. Daboll said he made the decision to continue the continuity from last week. Meanwhile, star rookie wideout Malik Nabers (toe) missed practice Thursday and called himself a game-day decision. Nabers has 97 receptions for 969 yards and four touchdown catches as one of the bright spots of the horrendous season. "It's tough on everybody. It's not just tough on me. It's tough on everybody," Nabers said of the team's troubles. "I'm continuing to keep my mental (attitude) strong, continue to move forward, continue to try to better the team, better myself. Lead by example. I feel like that's really all we can do in this state of mind that we're going through." In addition to Nabers, running back Tyrone Tracy Jr. (ankle), center John Michael Schmitz (ankle), linebacker Micah McFadden (neck), cornerbacks Greg Stroman (shoulder/shin) and Dee Williams (toe) and safety Raheem Layne (knee) sat out practice Thursday. Richardson was one of three Colts to miss practice. The others were tight end Mo Alie-Cox (toe) and linebacker E.J. Speed (knee). In the most recent meeting, the Giants routed the Colts 38-10 late in the 2022 season. --Field Level Media
SANTIAGO, Chile (AP) — Chile’s prosecutor’s office confirmed Tuesday that President Gabriel Boric is being investigated for sexual harassment, in connection with a case in which the president says he was systematically harassed via email by a woman over a decade ago. The country’s attorney general, Cristián Crisosto, said in a statement that prosecutors have opened “a criminal case related to" allegations filed by an unidentified woman in September. The complaint alleges sexual harassment as well as the leaking of private images. Crisosto did not provide details of the alleged events, or say when or where they took place. Boric, 38, has denied the accusations through his attorney, Jonatan Valenzuela, who in a statement described the president as “the victim of systematic harassment via email.” The alleged harassment occurred between July 2013 and July 2014, when Boric was an intern in the southern Chilean city of Punta Arenas, near Patagonia, and was already a well-known figure in national politics thanks to his role in student-led protests a couple of years earlier. Valenzuela said Boric “never had an emotional or friendly relationship” with the woman and both have not been in communication since July 2014 when she is alleged to have sent the last of dozens of emails, some with explicit images, to the now president. Valenzuela said his team handed authorities all communications between Boric and the woman after learning of her complaint, to “clarify the status of the president as a victim.” Follow AP’s coverage of Latin America and the Caribbean at https://apnews.com/hub/latin-america
WASHINGTON — A lead organization monitoring for food crises around the world withdrew a new report this week warning of imminent famine in north Gaza under what it called Israel’s “near-total blockade,” after the U.S. asked for its retraction, U.S. officials told the Associated Press. The move follows public criticism of the report from the U.S. ambassador to Israel. The rare public dispute drew accusations from prominent aid and human-rights figures that the work of the U.S.-funded Famine Early Warning System Network, meant to reflect the analysis of unbiased international experts, has been tainted by politics. A declaration of famine would be a great embarrassment for Israel, which claims its 15-month war in Gaza is aimed against the Hamas militant group and not against its civilian population. U.S. ambassador to Israel Jacob Lew this week called the warning by the internationally recognized group inaccurate and “irresponsible.” Lew and the U.S. Agency for International Development, which funds the monitoring group, both said the findings failed to properly account for rapidly changing circumstances in north Gaza. Get local news delivered to your inbox!None
How to overcome the 'financial vortex' to save for retirement
It's four days before 2024 concludes. Let's walk down memory lane and look back at some of the defining moments of the year that will soon pass. Yes, Virginia, a cartload of events came our way—improvements in basic services, particularly in disaster preparedness following a number of natural calamities that visited the country, and the brewing political discord. Notable among these events was the early change in Senate leadership, with independent Senator Miguel Zubiri stepping down as Senate President and being replaced by Francis Escudero. Then, who could forget the resignation of Vice President Sara Duterte as Secretary of the Department of Education and vice chairperson of the anti-insurgency body? This effectively ended the already fragmented UniTeam alliance and practically confirmed the long-held observation of a political rift between the two highest elected officials of the land. Another noteworthy development with implications for the coming year, potentially affecting business, was the impeachment case filed against the Vice President, consisting of 24 offenses, including failure to account for her spending of confidential funds. The progress of this impeachment case hangs in the balance due to time constraints, with lawmakers soon to be busy campaigning for the mid-term elections in May 2025. And, of course, the assumption of operations at Ninoy Aquino International Airport by the San Miguel Corporation-led New NAIA Infrastructure Corp. promises to improve the premier gateway and potentially boost the tourism industry. As San Miguel President and Chief Executive Officer Ramon S. Ang stated in his Christmas message, the upgrading of NAIA to international standards is a work in progress. "We work to provide you with a gateway we can all be proud of... to provide a better airport experience and elevate NAIA to world-class standards.” From a business perspective, 2024 was a year of recovery, recapturing lost opportunities. “It was the year that operations nearly equaled pre-pandemic performance. It’s the year that most companies have equaled their 2019 figures,” enthused Victory Liner Inc. President Marivic del Pilar. Rowena Ruaro, whose events concierge and dermatology clinic businesses virtually slumped during the lockdown, echoed this view. “The year taught me adaptability and patience. But still, I am grateful for the journey. Our business adapted to pre-pandemic era finances.” For finance professional educator and Vice President and Head of Business Development & Market Education Departments at First Metro Securities Brokerage Corporation, “momentum” encapsulates 2024. “This year has been marked by resilience and transformation. The banking sector, fueled by technological advancements and a renewed focus on sustainability, continues to redefine customer experiences. The middle-class market has proven to be the cornerstone. For the economy, it’s about seizing opportunities amidst challenges, driven by the collective efforts of businesses, policymakers, and everyday Filipinos.” For millennial Kyla, it was a healing process that made her stronger and more prepared to take on new challenges in both her personal life and business. From my corner of the Business Corridor, as the end of the year approaches, let’s take stock of the experiences and lessons learned to prepare us better for the year ahead. Talkback to me at [email protected]Sportscaster Greg Gumbel dies from cancer at age 78
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Leader of the Conservative Party Pierre Poilievre walks with new Member of Parliament for Durham Jamil Jivani as he takes his place in the House of Commons before Question Period, Monday, April 8, in Ottawa. A Conservative member of parliament has tapped a longtime friendship to connect with Donald Trump's inner circle as Canada prepares for the president-elect’s return to the White House next month amid threats of devastating tariffs. Adrian Wyld/The Canadian Press A Conservative member of Parliament met with Donald Trump’s second-in-command over the weekend as Canada prepares for the U.S. president-elect’s return to the White House next month amid threats of devastating tariffs. Jamil Jivani said he had dinner with vice-president-elect JD Vance and British Conservative Opposition Leader Kemi Badenoch on Saturday in Arlington, Va., not far from Washington. “The dinner was a good opportunity to catch up with my longtime friend, the vice president-elect, and also meet the new leader of the U.K. Conservative party,” Jivani, the MP for Durham, said Sunday in a phone interview. “I think it’s pretty clear right now that for the good of Canada we need to be able to build strong relationships with our allies. I felt like the dinner we had was good for that purpose.” A source with knowledge of the gathering said they discussed the importance of building strong relationships between all three countries. The source said Jivani invited the vice president-elect to come to Bowmanville, in his Ontario riding, in the new year. Jivani expressed to Vance how “Canada is America’s best friend and ally, and a reliable trade and security partner,” the MP said in a follow-up emailed statement. “I've shared feedback from Canadian businesses and workers, including those in my constituency, about the impact tariffs would have on our economy,” Jivani said. “I have also expressed to him things that I have heard from constituents about the Canada-U.S. border and the need to work together to protect our collective security.” Jivani has been friends with the U.S. senator for Ohio since they both attended Yale University. Jivani has written about their close relationship and spoke at Vance’s wedding. Jivani shared a picture after Saturday’s dinner on social media, marking the first time he has publicly posted about meeting with his friend since the November election. The display of cross-border camaraderie comes as Trump lobs tariff threats against America’s closest neighbours and ahead of a review of the Canada-U.S.-Mexico Agreement. A Team Canada approach was quickly formed following Trump’s first win in 2016, when the Republican promised to tear up the North American Free Trade Agreement and impose tariffs. At that time, Trudeau reached out to former Tory prime minister Brian Mulroney to be an adviser. Former Conservative ministers Rona Ambrose and James Moore also joined the effort. The Canadian approach has appeared less unified this time around. Provincial leaders, particularly Ontario Premier Doug Ford, have called on Ottawa to do more to avoid threatened duties. Jivani confirmed that despite his close relationship with the incoming vice-president, he has not been contacted by anyone in the governing Liberals “in relation to things concerning the United States.” He also has not been contacted by anyone in the Ontario government. Trudeau met with other federal party leaders after his unprecedented surprise dinner with Trump at the Republican’s Mar-a-Lago club in Florida. The prime minister asked the other leaders not to negotiate against Canada in public by saying things like the border is broken, and that they impart the message that Trump’s tariffs would harm the American economy, too. But, in response, Conservative Leader Pierre Poilievre said Trudeau had lost control of crucial government files, like the budget and the border, and put Canada in a weak position. Poilievre said Sunday he could not speak to what his Conservative MP and the vice president-elect discussed because he was not at the dinner. “Every single Conservative would tell every single American that a tariff on Canada is a bad idea,” Poilievre said. “We need to put Canada first and that’s what we will do. We will fight these tariffs from a position of strength.” A general election must be held by October next year, but it could come sooner if the Liberals lose the confidence of the House. Whoever wins will be in charge of the 2026 review of the Canada-U.S.-Mexico Agreement. Polling has long shown the Conservatives leading against Trudeau’s governing Liberals. Poilievre initially described the threatened duties as “unjustified.” He later criticized Trudeau for being weak. Trudeau accused Poilievre of being unhelpful in his criticisms and said there’s a long-standing tradition of all political stripes pulling together when the country comes under threat.Shares of diversified insurance services provider Kemper Corp. have risen 2.2% in the past week, with the firm receiving a price target revision from analyst firm Raymond James on Thursday, lifting retail sentiment. Raymond James raised the firm's price target to $82 from $75 with a Strong Buy rating as part of its 2025 outlook note for the insurance firm, the Fly.com reported. According to the firm, the near-term outlook of increasingly stable inflationary pressures, economic growth, and slowing price increases in the property and casualty industry will temper organic revenue growth rates for most companies over the next 24 months. The firm also expects most companies to continue to report elevated returns despite potential negative near-term pricing headlines. Retail sentiment on Stocktwits was ‘extremely bullish’ compared to ‘bullish’ a month ago. Message volumes increased to ‘extremely high’ zone. In November, its board declared a quarterly dividend of $0.31 per share, payable on December 4, 2024, to its shareholders of record as of November 18, 2024. For its third quarter, the firm reported net income of $73.7 million, or $1.14 per diluted share, compared to a net loss of $146.3 million, or $2.28 loss per share, for the third quarter of 2023. Kemper provides specialized insurance services, including life and health insurance, operating through its specialty property and casualty insurance and life insurance segments. With approximately $13 billion in assets, its Kemper Auto and Kemper Life brands, serve over 4.8 million policies, represented by 22,200 agents and brokers, and 7,500 associates. Kemper stock is up 32% year-to-date. For updates and corrections, email newsroom[at]stocktwits[dot]com.<
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Tech investors are facing a new form of disruption. This investment cohort has historically paid little attention to macroeconomics, as ever-improving product features and innovative growth strategies have driven investment returns in high tech far more than things like aggregate growth and inflation. But artificial intelligence -- and its enormous capital requirements -- are ripping up this script. The proposed spending on AI infrastructure by established tech companies in the coming years is eye-watering. In 2025 alone, big tech firms including Amazon, Microsoft, Alphabet, Meta and Apple are projected to spend over US$200 billion on capex -- almost double what they shelled out in 2021, the year before the generative AI chatbot ChatGPT debuted. The increase in capex is almost entirely due to efforts to build out generative AI capabilities. This highlights the key difference between the AI investment surge and the high-tech boom of the prior two decades: investment today is focused more on hardware than software -- and hardware is obviously more capital-intensive. If the economy slows and business prospects for these tech companies deteriorate, their executives will likely think twice about these ambitious -- and entirely discretionary -- spending plans. This complicates investors' calculations of the likely returns that can be expected from this nascent technology. In the first two decades of this century, software engineers disrupted one industry after another with business models that were nimble, scalable, and had low fixed costs. A small group of whip-smart entrepreneurs bootstrapped their start-ups, found quick success with early prototypes, and then made a series of strategic pivots. Think Amazon, Netflix, and many social media companies. Fast forward to the age of generative AI, and the storyline has changed dramatically. The new business model typically revolves around very smart, complex and expensive machines that require a tremendous amount of energy to run and often take a long time to build. For example, the Taiwanese semiconductor giant TSMC's Arizona foundry cost US$40 billion, and commercial production won't commence until 2025, four years after construction began. Importantly, investment in AI is typically expected to take years to pay back. In the meantime, many factors could negatively impact the value of AI infrastructure, including concerns related to business confidence and cost inflation, as well as regulatory hurdles and geopolitical tensions that influence where companies can do business. This means tech investors can no longer easily ignore top-down concerns. AI start-ups, unlike their counterparts in software, are also often very capital intensive, making them highly sensitive to market conditions and access to funding. Most of these young companies rely on private capital, which many venture capitalists have been eager to supply in recent years. Investments in AI and machine learning, a related field, accounted for nearly half of all VC funding in the United States in the first half of 2024. And these investments have often been enormous. In October, OpenAI raised $6.6 billion in equity capital from eight investors and another $4 billion in debt financing from nine lenders. The average size of these checks is over half a billion dollars. Checks of this size can be written at a time when the S&P 500 is hitting new record highs, the US economy is growing above trend, and inflation is heading downward. But what happens when the economy inevitably softens and public stock prices dip? Or what if the cost of capital in the US remains elevated? AI start-ups may then find it more challenging to fund their ambitious visions, which could, in turn, stall the pace of growth and innovation in the broad AI ecosystem. This, of course, could reduce demand for the AI infrastructure that big tech companies have invested hundreds of billions of dollars in. Hardware businesses also exhibit more cyclical characteristics than software. That's because they can't rely on continuous adjustments to meet shifts in customer demand, given the substantial inputs and manpower needed to create new products. Consider that $3.5 trillion-plus chipmaker Nvidia has now adopted a "one-year rhythm" for new products, doubling the speed from its previous product release cadence. This means these companies are subject to traditional inventory cycles: when demand exceeds current supply, inventory is drawn down, and prices rise, and vice versa. Hardware businesses, unlike nimble software companies, will thus struggle to scale their capacity up or down at short notice. So both the volumes and prices of hardware will typically fluctuate, subject to economic conditions. It's notable that semiconductor sales have been positively correlated with manufacturing PMIs for decades. This relationship started breaking down in 2022 as AI euphoria really took off. If historical patterns hold, this could mean the boom in global semiconductor sales is overdue for a correction. That's just one example of why tech investors may need to become as macro-aware as the rest of the investment community. Reuters Taosha Wang is a portfolio manager at Fidelity International.Funds available as buildings lost to Grampians bushfire
Membership of Britain's upstart anti-immigration Reform UK party has overtaken that of the centre-right Conservative Party for the first time, the party said Thursday, as Tories disputed the numbers. Party leader and Brexit figurehead Nigel Farage hailed the figure as a "historic moment". Immigration was a major issue at the ballot box at the UK's July general election which saw the Conservatives ousted after 14 years in power. The digital counter on the Reform website showed a membership tally ticking past the 131,680 figure declared by the main opposition Conservatives during its leadership election earlier this year. "The youngest political party in British politics has just overtaken the oldest political party in the world," wrote Farage on X. "Reform UK are now the real opposition." Party chairman Zia Yusuf said the milestone showed the long "stranglehold on the centre-right of British politics by the Tories has finally been broken". The last declared Conservative Party tally was the lowest on record and a drop on 2022, when there were around 172,000 members. New Conservative Party leader Kemi Badenoch, however, questioned the figures, accusing Farage of "fakery". She said Reform's counter was "coded to tick up automatically". Farage responded by saying he would "gladly invite" a firm to "audit our membership numbers" if the Tories did the same. Reform won five seats in the 650-seat UK parliament in July, though it received roughly 14 percent of total votes cast. Reform maximised the damage to the Conservatives by splitting the right-wing vote and picking up former Tory supporters in key constituencies. The Labour Party won by a landslide although Prime Minister Keir Starmer has had a bumpy first five months in power. An Ipsos opinion poll this month found that 53 percent of Britons said they were "disappointed" in what the Labour government had achieved so far. British politics has been dominated by the two main parties -- Labour and the Conservatives -- for decades but commentators have warned that major parties have seen irreversible downturns in their popularity in the past. In the years after World War I, a divided Liberal Party found itself supplanted by the Labour Party as the main opposition. The party of 19th-century political giant William Gladstone and World War I leader David Lloyd George never again regained its status as a party of government. Farage, a supporter of US President-elect Donald Trump, said earlier this month that he was in talks with tech billionaire Elon Musk about donating to his hard-right party. har/jsNEW YORK (AP) — Greg Gumbel, a longtime CBS sportscaster, has died from cancer, according to a statement from family released by CBS on Friday. He was 78. “He leaves behind a legacy of love, inspiration and dedication to over 50 extraordinary years in the sports broadcast industry; and his iconic voice will never be forgotten,” his wife Marcy Gumbel and daughter Michelle Gumbel said in a statement. In March, Gumbel missed his first NCAA Tournament since 1997 due to what he said at the time were family health issues. Gumbel was the studio host for CBS since returning to the network from NBC in 1998. Gumbel signed an extension with CBS last year that allowed him to continue hosting college basketball while stepping back from NFL announcing duties. In 2001, he announced Super Bowl XXXV for CBS, becoming the first Black announcer in the U.S. to call play-by-play of a major sports championship. David Berson, president and CEO of CBS Sports, described Greg Gumbel as breaking barriers and setting standards for others during his years as a voice for fans in sports, including in the NFL and March Madness. “A tremendous broadcaster and gifted storyteller, Greg led one of the most remarkable and groundbreaking sports broadcasting careers of all time," said Berson. Gumbel had two stints at CBS, leaving the network for NBC when it lost football in 1994 and returning when it regained the contract in 1998. He hosted CBS’ coverage of the 1992 and 1994 Winter Olympics and called Major League Baseball games during its four-year run broadcasting the national pastime. But it was football and basketball where he was best known and made his biggest impact. Gumbel hosted CBS’ NFL studio show, “The NFL Today” from 1990 to 1993 and again in 2004. He also called NFL games as the network’s lead play-by-play announcer from 1998 to 2003, including Super Bowl XXXV and XXXVIII. He returned to the NFL booth in 2005, leaving that role after the 2022 season.
NoneStock market today: Wall Street drifts to a mixed close in thin trading following a holiday pause