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NEW YORK (AP) — U.S. stocks closed at more records after Donald Trump’s latest talk about tariffs created only some ripples on Wall Street. The S&P 500 rose 0.6% to reach another all-time high. The Dow Jones Industrial Average added 0.3% to its own record set the day before, while the Nasdaq composite rose 0.6% as Big Tech stocks helped lead the way. Stock markets abroad saw mostly modest losses, after President-elect Trump said he plans to impose sweeping tariffs on Mexico, Canada and China as soon as he takes office. U.S. automakers and other companies that could be hurt particularly by such tariffs fell. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. NEW YORK (AP) — U.S. stocks are rising toward 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 0.5% and was on track to top its all-time high set a couple weeks ago. The Dow Jones Industrial Average added 81 points, or 0.2%, to its own record set the day before, while the Nasdaq composite was 0.5% higher, with less than an hour remaining in trading. Stock markets abroad were down, but mostly only modestly, after President-elect Trump said he plans to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office. Stock indexes were down 0.1% in Shanghai and nearly flat in Hong Kong, while Canada's main index edged down by just 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. 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. General Motors sank 8.2%, 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 3.9%. 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 to the job market . While lower interest rates can boost the overall economy and prices for investments, 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. Unlike tariffs in Trump's first term, his proposal from Monday night would affect products across the board. Trump’s tariff talk came almost immediately after U.S. stocks rose Monday amid excitement about his pick for Treasury secretary, Scott Bessent. The hope was the hedge-fund manager could steer Trump away from policies that balloon the U.S. government deficit, which is how much more it spends than it takes in through taxes and other revenue. The talk about tariffs overshadowed another set of mixed 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 instituted by the Fed to get inflation under control. Kohl’s tumbled 17.6% 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 4.7% 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%. 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. J.M. Smucker jumped 5.4% for one of the biggest gains in the S&P 500 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 2.8% for Amazon and 2% for Microsoft were the two strongest forces lifting the S&P 500. In the bond market, Treasury yields rose 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 climbed to 4.30% 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 $91,600, 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.
Assam Rifles' Relentless Campaign Against Poppy Cultivation Yields SuccessPublished 4:41 pm Tuesday, November 26, 2024 By Data Skrive Let’s check out the injury report for the New Orleans Pelicans (4-14), which currently has five players listed (including Brandon Ingram), as the Pelicans ready for their matchup against the Toronto Raptors (4-14, four injured players) at Smoothie King Center on Wednesday, November 27 at 8:00 PM ET. Watch the NBA, other live sports and more on Fubo. What is Fubo? Fubo is a streaming service that gives you access to your favorite live sports and shows on demand. Use our link to sign up for a free trial. The Pelicans fell in their last matchup 114-110 against the Pacers on Monday. In the losing effort, Trey Murphy III paced the Pelicans with 24 points. The Raptors fell in their last matchup 102-100 against the Pistons on Monday. Scottie Barnes’ team-high 31 points paced the Raptors in the losing effort. Sign up for NBA League Pass to get live and on-demand access to NBA games. Get tickets for any NBA game this season at StubHub. Catch NBA action all season long on Fubo. Not all offers available in all states, please visit BetMGM for the latest promotions for your area. Must be 21+ to gamble, please wager responsibly. If you or someone you know has a gambling problem, contact 1-800-GAMBLER .Cooper, Batcho lead Louisiana Tech past Richmond 65-62
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The Italian authorities announced that the bidder for the acquisition of the historic Piaggio Aviation is Turkish Baykar Turkey is proceeding apace in expanding its war industry and even investing very significant capital not only within the country but now in Europe. A short while ago the Italian authorities announced that after the bidding process the historic Italian Piaggio Aviation industry is passing into the hands of Ankara. The Turkish Baykar’s bid was in fact, according to initial reports, the best of a number of bids and the relevant signatures will be signed soon. Baykar is currently one of the largest manufacturer of drones in the world and is making its first acquisition of a European company and one with more than 140 years of history. According to Italian media, Baykar does not intend to stop production of the company’s Italian products but with the acquisition will continue to promote under its own umbrella the P.180 Avanti which have been nicknamed the “ Ferrari of the skies “. With this acquisition, Turkey gains access to advanced aircraft engines further strengthening its own position in production. It is worth noting that in 2023, Baykar was among the 10 most important companies in Turkey in terms of exports with an export volume reaching $1.8 billion. Baykar’s size is not only important for the wider European region but also for the other side of the Atlantic as today the Turkish company has market shares three times larger even than its American counterparts. Explore related questionsBIG TEN THIS WEEK
Drake apparently likes to be petty and unfollow his opps on social media, whether it's as surefire as Kendrick Lamar or as seemingly meaningless as LeBron James. However, the reasons as to why he takes people off his Instagram are always combative, as he usually tries to send a message via these "cosigns." Of course, the 6ix God is pretty corny for using social media in this way and treating follows and comments like gospel – see his version of "The Heart Part 6" for some disgusting proof of that. But it looks like he will still engage with this approach, even amid his most controversial move perhaps ever. Moreover, Timbaland recently commented under an Instagram post that asked whether or not Drake could win a $2 billion lawsuit and "declare war on the music industry" as a result. The producer posted a shaking head, and this is allegedly what made Drizzy supposedly unfollow him. Still, when DJ Akademiks covered this alleged development on Instagram, TImbo actually responded in his comments section and provided an explanation. "That head shake means let the story play out," he wrote. "Mal might b on to something. They say you have to destroy to rebuild!!!" Read More: XXXTentacion’s Killer Points To Drake In Appeal Brief As such, it seems like Drake reacted brashly to just a vague and easily excusable reaction, which should show you how petty thinking can warp your actions. Then again, there's also a very good chance that he and Timbaland might share some more serious beef that we have no idea about. Either way, the beat-maker is one of many hip-hop icons who weighed in on this UMG and Spotify petition. Others were much more critical, though, such as Uncle Luke's assessment of a "soft" display . Meanwhile, Drake continues to be a frequent name in conversations, even when he's not really doing that much to warrant discussion. For example, J. Cole recently alleged that Jay-Z once told Aubrey to give Cole a hit in an embarrassing way , and we didn't really hear about his reaction. These interpersonal industry dynamics are tough to navigate, and they can lead to plenty of strife. Read More: Chrisean Rock Reacts After Timbaland Flips Her Gospel Snippet Into A New Song
The political landscape in Maharashtra is poised for a shift as the Bharatiya Janata Party (BJP), which secured 132 seats in the recent assembly elections, readies to take the helm. The Mahayuti coalition, consisting of the BJP, Shiv Sena led by Eknath Shinde, and the Nationalist Congress Party (NCP) led by Ajit Pawar, is the dominant force. Ajit Pawar, during a visit to meet social activist Dr. Baba Adhav, confirmed the new government structure of a BJP chief minister alongside two deputy chief ministers from the coalition. While the exact leadership decision has yet to be disclosed, December 5 has been tentatively set for the oath-taking ceremony, with Prime Minister Narendra Modi expected to attend. BJP sources suggest Devendra Fadnavis is the likely candidate for the chief minister position, as he has held the role twice previously. The announcement is anticipated soon, as Mahayuti activists and supporters await the official declaration of Maharashtra's new leadership. (With inputs from agencies.)Racing Louisville part ways with GM Ryan DellIn recent years, plus-size fashion has grown tremendously, offering a wider range of styles and sizes. Stores like Old Navy now offer up to a size 30, and many companies like Fashion Nova provide several of the same options in both straight and . This positive development, however, masks a concerning trend–the rise of shapewear as a near-essential element for finding accessible, stylish and trendy clothing for fat individuals. While this abundance of “inclusive” shapewear options may seem like progress, hidden beneath its guise of everyday clothing is a deeper issue at play. Because of beauty standards and social norms, shapewear is deeply interwoven into the fabric of the fashion industry. Foundation garments play a critical role in perpetuating the desire for thinness, creating the illusion of a smaller and more shapely body, and this pursuit of a desirable body fuels body dysmorphia and negative self-image. Although this pursuit of social acceptability is harmful to women and femmes of all body types, it is an even greater detriment to those existing in fat bodies, who are not only affected by a lack of clothing options but also are afflicted by the historical and fatphobic impact of shapewear, social media, and the fashion industry as a whole. Shapewear’s sphere of influence goes beyond , SKIMS, and Shapermint and can be traced back to the 1500s when corsets were initially v-shaped, shorter, and not tied tightly, as they were intended to be worn for breast support– not for waist cinching. However, as fashion trends shifted during the Victorian era, the promotion of “ ” and the hourglass figure led to longer, tighter-fitting foundation wear that accentuated and created the illusion of a smaller waistline. As societal norms continued to promote thinness and hourglass shapes as body standards due to the rise of and shifts in gender norms, women and femmes began to forgo corsets and opted for girdles as a more practical option, thus leading to the inception of brands such as Lycra in 1958 and Spanx at the turn of the 21st century. Throughout the early 2000s and 2010s, shapewear became increasingly important in being used as a corrective tool to achieve the coveted skinny body. Although thin people utilized formation garments to perfect their physiques, fat women and femmes faced even more challenges and societal pressures to conform due to their size being deemed undesirable and problematic. Content creator reflects on her own experience during this time, saying she remembers how her family’s use of shapewear influenced hers. “In high school, I remember wearing [Spanx] religiously, and I would be sitting at my desk feeling the painful squeeze around my thighs, and around my waist– especially right under where your bra meets the top of the shapewear,” she says. “When I came home from school, the very first thing I would do was run to the bathroom and rip my Spanx off. Despite having welts all over my thighs and waist, that never stopped me because I got the results and compliments I wanted.” During this time, the played a pivotal role in amplifying the challenges that fat people face, using the internet to inform the masses of fatphobia and disparities in health care, fashion, and other facets of everyday life. However, the shapewear epidemic prevailed by companies finding unique ways to reinvent their products by marketing themselves as more inclusive. In 2019, Kim Kardashian introduced SKIMS, a shapewear brand that ,” featuring a rare size range from XXS to 4X in various styles of undergarments and subsequently, the viral slip dress that has been duped by so many small, Amazon-based brands including . SKIMS’ success gave rise to other size-inclusive foundation wear brands such as Lizzo’s Yitty, featuring plus-size friendly athleisure with built-in cinchers, fun colors, and patterns in relatively affordable prices, and even non-shapewear-based brands like Fashion Nova are now incorporating “snatched” technology into their garments. With shapewear being built into clothing and being promoted as sexy, casual, comfortable and something to be embraced in everyday life, the fact that it is becoming more and more inescapable creates an environment where fat women and femmes–who already have limited clothing options as is–now have to contend with being pressured into shaping their bodies in society’s image. “The evolution and rebranding of the shapewear industry has reminded fat people that if we are to be granted access to the things [such as clothing] that thin people have, we will have to endure the messaging and controls of the world they live in,” JerVae, an artist, and founder of tells . But the lack of access to plus-size clothing doesn’t stop and end at shapewear–the fashion industry as a whole is to blame. With of all clothing being plus-size in a world where the average American woman wears above a size 18, the hypervisible gap in garment access highlights how insidiously fatphobic and careless the fashion industry is when it comes to larger-bodied people. Sex coach and creative director shares her experience as a fashion sales intern, noting that larger clothing options were scarce and distinctly styled, deviating from the aesthetic and style of straight-sized alternatives. “As a plus-size intern, [I also experienced] being one of no more than two to three plus-size people working in the entire company, having my suggestions and concerns be challenged, dismissed and catastrophized, and rampant fatphobic attitudes in office environments and culture,” Tribble said. On a personal level, shopping for plus-size clothing is an even more disappointing endeavor. “It’s always been terrible,” says writer when discussing the lack of options in New York City where she resides. “The only options I can think of in a city the size of New York are Nordstrom and a couple of tiny Targets, and it has not been great,” Sims adds. For JerVae, intersectionality is important to consider when it comes to the lack of plus-size options, especially for disabled folks living in infinifat bodies or those who wear above a size 30-32. “The fact that extended sizes are primarily online is very classist as some of us don’t even have homes to receive packages. Some of us can barely afford to travel to stores to try on clothing,” they said. “So imagine going out of your way to do this only to find out that your size isn’t offered in-store.” The negative impact of the shapewear and the greater fashion industry on fat folk is even more noticeable and amplified by social media. According to Tillman, digital platforms not only serve as a marketing tool for brands where they post their content and collaborate with influencers, including those who are plus-size, to promote their products, but the prevalence of this content helps to promote unrealistic beauty standards. “A lot of plus-size influencers do not disclose that they are wearing shapewear in their videos while showing themselves putting on an outfit from a different brand,” Tillman said. She notes that the average person watching thinks that the clothes are going to fit them the same way, but when it doesn’t, it contributes to a “feedback loop” of negative self-image. JerVae notes that the influx of shapewear content that promotes shapism or the emphasis on socially acceptable body shapes, also impacts body image by severely limiting people’s ability to express themselves and their gender.“It doesn’t create enough space for size, shape, or even gender diversity within the fat community, and as a fat, non-binary person, this personally hurts me because only having options that promote hourglass shapes is not gender-affirming,” they tell . For things to truly change, it’s up to the fashion industry as a whole to collectively rebuke fatphobia, but for Sims, this is a far cry from reality due to the industry’s capitalistic nature. “I remain reticent to think that there will ever be change,” Sims says. “[We have to remember that] the fashion industry is [inherently] racist, fatphobic and classist, and they have no interest in serving a wider range of customers outside of doing the bare minimum to get money.”