Scheffler goes on a run of birdies in the Bahamas and leads by 2
Science And Technology: Young International Scientists Say China's Research Environment Highly Dynamic, CollaborativeNEW YORK , Dec. 23, 2024 /PRNewswire/ -- CLOSING PRICES AS OF 11/30/24 NAV 13.80 MKT 11.79 AVERAGE ANNUAL TOTAL RETURN AS OF 11/30/24 NAV (%) MKT (%) One-Month* 4.23 2.50 Year to Date* 17.75 20.89 One-Year 28.25 30.00 Three-Year 1.68 -1.71 Five-Year 7.89 7.98 10-Year 7.78 7.38 *Not Annualized Important Performance and Expense Information All performance information reflects past performance, is presented on a total return basis, and reflects the reinvestment of distributions. Past performance is no guarantee of future results. Current performance may be higher or lower than performance quoted. Returns as of the most recent month-end may be obtained at www.royceinvest.com . The market price of the Fund's shares will fluctuate, so that shares may be worth more or less than their original cost when sold. The Fund invests primarily in securities of small-cap and mid-cap companies, which may involve considerably more risk than investing in larger-cap companies. The Fund's broadly diversified portfolio does not ensure a profit or guarantee against loss. From time to time, the Fund may invest a significant portion of its net assets in foreign securities, which may involve political, economic, currency and other risks not encountered in U.S. investments. PORTFOLIO DIAGNOSTICS Average Market Cap 1 $2686.5M Weighted Average P/E 2 23.3x Weighted Average P/B 2 3.0x Net Assets $87.8M Net Leverage 2.6 % 1 Geometric Average : This weighted calculation uses each portfolio holding's market cap in a way designed to not skew the effect of very large or small holdings; instead, it aims to better identify the portfolio's center, which Royce believes offers a more accurate measure of average market cap than a simple mean or median. 2 Harmonic Average : This weighted calculation evaluates a portfolio as if it were a single stock and measures it overall. It compares the total market value of the portfolio to the portfolio's share in the earnings of its underlying stocks. The Price-Earnings , or P/E, ratio is calculated by dividing a company's share price by its trailing 12-month earnings-per-share (EPS). The Fund's P/E ratio calculation excludes companies with zero or negative earnings (18% of portfolio holdings as of 11/30/24). The Price-to-Book, or P/B, Ratio is calculated by dividing a company's share price by its book value per share. The Price-to-Book , or P/B, Ratio is calculated by dividing a company's share price by its book value per share. Net leverage is the percentage, in excess of 100 %, of the total value of equity type investments, divided by net assets. Portfolio Composition TOP 10 POSITIONS % OF NET ASSETS (SUBJECT TO CHANGE) FTAI Aviation 4.1 Tel Aviv Stock Exchange 3.0 SEI Investments 2.6 Sprott 2.3 ESAB Corporation 2.2 Protector Forsikring 2.1 Alamos Gold Cl. A 2.0 APi Group 2.0 Viper Energy Cl. A 2.0 Morningstar 2.0 TOP FIVE SECTORS % OF NET ASSETS (SUBJECT TO CHANGE) Industrials 35.4 Financials 25.9 Information Technology 15.6 Materials 7.5 Health Care 5.4 Recent Developments The investment goal of Royce Global Trust is long-term growth of capital. Under normal market circumstances, the Fund will invest at least 80% of its net assets in equity securities, such as common stock and preferred stock, and at least 65% of its net assets in the equity securities of companies located in at least three countries outside of the United States . Royce & Associates, LP manages the Fund. Daily net asset values (NAVs) for Royce Global Trust are now available on our website and online through most ticker symbol lookup services and on broker terminals under the symbol XRGTX. For more information, please call The Royce Funds at (800) 221-4268 or visit our website at www.royceinvest.com . An investor in Royce Global Trust should consider the Fund's investment goals, risks, fees, charges, and expenses carefully before purchasing share's of the Fund's common stock. Important Disclosure Information Closed-End Funds are registered investment companies whose shares of common stock may trade at a discount to their net asset value. Shares of each Fund's common stock are also subject to the market risks of investing in the underlying portfolio securities held by the Fund. Royce Fund Services, LLC. ("RFS") is a member of FINRA and has filed this material with FINRA on behalf of each Fund. RFS does not serve as a distributor or as an underwriter to the closed-end funds. View original content: https://www.prnewswire.com/news-releases/royce-global-trust-nyse-rgt-as-of-nov-30-2024-302338581.html SOURCE Royce Global Value Trust, Inc.
Trump names PayPal co-founder 'White House AI and crypto czar' in new role for his administrationBy BILL BARROW, Associated Press PLAINS, Ga. (AP) — Newly married and sworn as a Naval officer, Jimmy Carter left his tiny hometown in 1946 hoping to climb the ranks and see the world. Less than a decade later, the death of his father and namesake, a merchant farmer and local politician who went by “Mr. Earl,” prompted the submariner and his wife, Rosalynn, to return to the rural life of Plains, Georgia, they thought they’d escaped. The lieutenant never would be an admiral. Instead, he became commander in chief. Years after his presidency ended in humbling defeat, he would add a Nobel Peace Prize, awarded not for his White House accomplishments but “for his decades of untiring effort to find peaceful solutions to international conflicts, to advance democracy and human rights, and to promote economic and social development.” The life of James Earl Carter Jr., the 39th and longest-lived U.S. president, ended Sunday at the age of 100 where it began: Plains, the town of 600 that fueled his political rise, welcomed him after his fall and sustained him during 40 years of service that redefined what it means to be a former president. With the stubborn confidence of an engineer and an optimism rooted in his Baptist faith, Carter described his motivations in politics and beyond in the same way: an almost missionary zeal to solve problems and improve lives. Carter was raised amid racism, abject poverty and hard rural living — realities that shaped both his deliberate politics and emphasis on human rights. “He always felt a responsibility to help people,” said Jill Stuckey, a longtime friend of Carter’s in Plains. “And when he couldn’t make change wherever he was, he decided he had to go higher.” Carter’s path, a mix of happenstance and calculation , pitted moral imperatives against political pragmatism; and it defied typical labels of American politics, especially caricatures of one-term presidents as failures. “We shouldn’t judge presidents by how popular they are in their day. That’s a very narrow way of assessing them,” Carter biographer Jonathan Alter told the Associated Press. “We should judge them by how they changed the country and the world for the better. On that score, Jimmy Carter is not in the first rank of American presidents, but he stands up quite well.” Later in life, Carter conceded that many Americans, even those too young to remember his tenure, judged him ineffective for failing to contain inflation or interest rates, end the energy crisis or quickly bring home American hostages in Iran. He gained admirers instead for his work at The Carter Center — advocating globally for public health, human rights and democracy since 1982 — and the decades he and Rosalynn wore hardhats and swung hammers with Habitat for Humanity. Yet the common view that he was better after the Oval Office than in it annoyed Carter, and his allies relished him living long enough to see historians reassess his presidency. “He doesn’t quite fit in today’s terms” of a left-right, red-blue scoreboard, said U.S. Transportation Secretary Pete Buttigieg, who visited the former president multiple times during his own White House bid. At various points in his political career, Carter labeled himself “progressive” or “conservative” — sometimes both at once. His most ambitious health care bill failed — perhaps one of his biggest legislative disappointments — because it didn’t go far enough to suit liberals. Republicans, especially after his 1980 defeat, cast him as a left-wing cartoon. It would be easiest to classify Carter as a centrist, Buttigieg said, “but there’s also something radical about the depth of his commitment to looking after those who are left out of society and out of the economy.” Indeed, Carter’s legacy is stitched with complexities, contradictions and evolutions — personal and political. The self-styled peacemaker was a war-trained Naval Academy graduate who promised Democratic challenger Ted Kennedy that he’d “kick his ass.” But he campaigned with a call to treat everyone with “respect and compassion and with love.” Carter vowed to restore America’s virtue after the shame of Vietnam and Watergate, and his technocratic, good-government approach didn’t suit Republicans who tagged government itself as the problem. It also sometimes put Carter at odds with fellow Democrats. The result still was a notable legislative record, with wins on the environment, education, and mental health care. He dramatically expanded federally protected lands, began deregulating air travel, railroads and trucking, and he put human rights at the center of U.S. foreign policy. As a fiscal hawk, Carter added a relative pittance to the national debt, unlike successors from both parties. Carter nonetheless struggled to make his achievements resonate with the electorate he charmed in 1976. Quoting Bob Dylan and grinning enthusiastically, he had promised voters he would “never tell a lie.” Once in Washington, though, he led like a joyless engineer, insisting his ideas would become reality and he’d be rewarded politically if only he could convince enough people with facts and logic. This served him well at Camp David, where he brokered peace between Israel’s Menachem Begin and Epypt’s Anwar Sadat, an experience that later sparked the idea of The Carter Center in Atlanta. Carter’s tenacity helped the center grow to a global force that monitored elections across five continents, enabled his freelance diplomacy and sent public health experts across the developing world. The center’s wins were personal for Carter, who hoped to outlive the last Guinea worm parasite, and nearly did. As president, though, the approach fell short when he urged consumers beleaguered by energy costs to turn down their thermostats. Or when he tried to be the nation’s cheerleader, beseeching Americans to overcome a collective “crisis of confidence.” Republican Ronald Reagan exploited Carter’s lecturing tone with a belittling quip in their lone 1980 debate. “There you go again,” the former Hollywood actor said in response to a wonky answer from the sitting president. “The Great Communicator” outpaced Carter in all but six states. Carter later suggested he “tried to do too much, too soon” and mused that he was incompatible with Washington culture: media figures, lobbyists and Georgetown social elites who looked down on the Georgians and their inner circle as “country come to town.” Carter carefully navigated divides on race and class on his way to the Oval Office. Born Oct. 1, 1924 , Carter was raised in the mostly Black community of Archery, just outside Plains, by a progressive mother and white supremacist father. Their home had no running water or electricity but the future president still grew up with the relative advantages of a locally prominent, land-owning family in a system of Jim Crow segregation. He wrote of President Franklin Roosevelt’s towering presence and his family’s Democratic Party roots, but his father soured on FDR, and Jimmy Carter never campaigned or governed as a New Deal liberal. He offered himself as a small-town peanut farmer with an understated style, carrying his own luggage, bunking with supporters during his first presidential campaign and always using his nickname. And he began his political career in a whites-only Democratic Party. As private citizens, he and Rosalynn supported integration as early as the 1950s and believed it inevitable. Carter refused to join the White Citizens Council in Plains and spoke out in his Baptist church against denying Black people access to worship services. “This is not my house; this is not your house,” he said in a churchwide meeting, reminding fellow parishioners their sanctuary belonged to God. Yet as the appointed chairman of Sumter County schools he never pushed to desegregate, thinking it impractical after the Supreme Court’s 1954 Brown v. Board decision. And while presidential candidate Carter would hail the 1965 Voting Rights Act, signed by fellow Democrat Lyndon Johnson when Carter was a state senator, there is no record of Carter publicly supporting it at the time. Carter overcame a ballot-stuffing opponent to win his legislative seat, then lost the 1966 governor’s race to an arch-segregationist. He won four years later by avoiding explicit mentions of race and campaigning to the right of his rival, who he mocked as “Cufflinks Carl” — the insult of an ascendant politician who never saw himself as part the establishment. Carter’s rural and small-town coalition in 1970 would match any victorious Republican electoral map in 2024. Once elected, though, Carter shocked his white conservative supporters — and landed on the cover of Time magazine — by declaring that “the time for racial discrimination is over.” Before making the jump to Washington, Carter befriended the family of slain civil rights leader Martin Luther King Jr., whom he’d never sought out as he eyed the governor’s office. Carter lamented his foot-dragging on school integration as a “mistake.” But he also met, conspicuously, with Alabama’s segregationist Gov. George Wallace to accept his primary rival’s endorsement ahead of the 1976 Democratic convention. “He very shrewdly took advantage of his own Southerness,” said Amber Roessner, a University of Tennessee professor and expert on Carter’s campaigns. A coalition of Black voters and white moderate Democrats ultimately made Carter the last Democratic presidential nominee to sweep the Deep South. Then, just as he did in Georgia, he used his power in office to appoint more non-whites than all his predecessors had, combined. He once acknowledged “the secret shame” of white Americans who didn’t fight segregation. But he also told Alter that doing more would have sacrificed his political viability – and thus everything he accomplished in office and after. King’s daughter, Bernice King, described Carter as wisely “strategic” in winning higher offices to enact change. “He was a leader of conscience,” she said in an interview. Rosalynn Carter, who died on Nov. 19 at the age of 96, was identified by both husband and wife as the “more political” of the pair; she sat in on Cabinet meetings and urged him to postpone certain priorities, like pressing the Senate to relinquish control of the Panama Canal. “Let that go until the second term,” she would sometimes say. The president, recalled her former aide Kathy Cade, retorted that he was “going to do what’s right” even if “it might cut short the time I have.” Rosalynn held firm, Cade said: “She’d remind him you have to win to govern.” Carter also was the first president to appoint multiple women as Cabinet officers. Yet by his own telling, his career sprouted from chauvinism in the Carters’ early marriage: He did not consult Rosalynn when deciding to move back to Plains in 1953 or before launching his state Senate bid a decade later. Many years later, he called it “inconceivable” that he didn’t confer with the woman he described as his “full partner,” at home, in government and at The Carter Center. “We developed a partnership when we were working in the farm supply business, and it continued when Jimmy got involved in politics,” Rosalynn Carter told AP in 2021. So deep was their trust that when Carter remained tethered to the White House in 1980 as 52 Americans were held hostage in Tehran, it was Rosalynn who campaigned on her husband’s behalf. “I just loved it,” she said, despite the bitterness of defeat. Fair or not, the label of a disastrous presidency had leading Democrats keep their distance, at least publicly, for many years, but Carter managed to remain relevant, writing books and weighing in on societal challenges. He lamented widening wealth gaps and the influence of money in politics. He voted for democratic socialist Bernie Sanders over Hillary Clinton in 2016, and later declared that America had devolved from fully functioning democracy to “oligarchy.” Yet looking ahead to 2020, with Sanders running again, Carter warned Democrats not to “move to a very liberal program,” lest they help re-elect President Donald Trump. Carter scolded the Republican for his serial lies and threats to democracy, and chided the U.S. establishment for misunderstanding Trump’s populist appeal. He delighted in yearly convocations with Emory University freshmen, often asking them to guess how much he’d raised in his two general election campaigns. “Zero,” he’d gesture with a smile, explaining the public financing system candidates now avoid so they can raise billions. Carter still remained quite practical in partnering with wealthy corporations and foundations to advance Carter Center programs. Carter recognized that economic woes and the Iran crisis doomed his presidency, but offered no apologies for appointing Paul Volcker as the Federal Reserve chairman whose interest rate hikes would not curb inflation until Reagan’s presidency. He was proud of getting all the hostages home without starting a shooting war, even though Tehran would not free them until Reagan’s Inauguration Day. “Carter didn’t look at it” as a failure, Alter emphasized. “He said, ‘They came home safely.’ And that’s what he wanted.” Well into their 90s, the Carters greeted visitors at Plains’ Maranatha Baptist Church, where he taught Sunday School and where he will have his last funeral before being buried on family property alongside Rosalynn . Carter, who made the congregation’s collection plates in his woodworking shop, still garnered headlines there, calling for women’s rights within religious institutions, many of which, he said, “subjugate” women in church and society. Carter was not one to dwell on regrets. “I am at peace with the accomplishments, regret the unrealized goals and utilize my former political position to enhance everything we do,” he wrote around his 90th birthday. The politician who had supposedly hated Washington politics also enjoyed hosting Democratic presidential contenders as public pilgrimages to Plains became advantageous again. Carter sat with Buttigieg for the final time March 1, 2020, hours before the Indiana mayor ended his campaign and endorsed eventual winner Joe Biden. “He asked me how I thought the campaign was going,” Buttigieg said, recalling that Carter flashed his signature grin and nodded along as the young candidate, born a year after Carter left office, “put the best face” on the walloping he endured the day before in South Carolina. Never breaking his smile, the 95-year-old host fired back, “I think you ought to drop out.” “So matter of fact,” Buttigieg said with a laugh. “It was somehow encouraging.” Carter had lived enough, won plenty and lost enough to take the long view. “He talked a lot about coming from nowhere,” Buttigieg said, not just to attain the presidency but to leverage “all of the instruments you have in life” and “make the world more peaceful.” In his farewell address as president, Carter said as much to the country that had embraced and rejected him. “The struggle for human rights overrides all differences of color, nation or language,” he declared. “Those who hunger for freedom, who thirst for human dignity and who suffer for the sake of justice — they are the patriots of this cause.” Carter pledged to remain engaged with and for them as he returned “home to the South where I was born and raised,” home to Plains, where that young lieutenant had indeed become “a fellow citizen of the world.” —- Bill Barrow, based in Atlanta, has covered national politics including multiple presidential campaigns for the AP since 2012.
Victims and families react as Biden spares the lives of 37 federal death row inmates
NEW YORK — The last of the crystal triangles that make up this year's Times Square New Year's Eve ball were installed Friday morning. It's the first time in 10 years that all 2,688 were replaced at once. Singer Pitbull attends the Times Square New Year's Eve Ball Crystal Installation on Friday at One Times Square in New York. Rapper Pitbull and inventor Joy Mangano were among those on hand to help the organizers of the celebration put the final pieces in place atop One Times Square, the skyscraper from which the 11,875-pound geodesic sphere drops to mark the new year. Singer Pitbull, left, and Joy Mangano, right, founder of CleanBoss, install a crystal Friday during the Times Square New Year's Eve Ball Crystal Installation at One Times Square in New York. A New Year's Eve ball was first dropped in Times Square in 1907. Built by a young immigrant metalworker named Jacob Starr, the 700-pound, 5-foot diameter ball was made of iron and wood and featured 100 25-watt lightbulbs. Six newer versions of the ball were featured in the century-plus since that first celebration. Times Square New Year's Eve Ball is displayed Friday at One Times Square in New York. The only years no ball drop occurred were 1942 and 1943, when the city instituted a nightly "dimout" during World War II to protect itself from attacks. Crowds instead celebrated the new year with a moment of silence followed by chimes rung from the base of One Times Square. As the new year approaches, many people begin thinking about their resolutions—typically focusing on physical health, saving money, or spending more time with family. One area that often gets overlooked is mental health. The pressure to "get fit" or "eat better" is well-known, but taking care of mental well-being is just as important as improving physical health, especially since mental health impacts every aspect of life. At first glance, mental health goals can seem intangible and subjective, but there are scientifically-proven ways to set achievable, measurable, and personalized mental wellness goals that will help anyone thrive in 2025. Vivian Chung Easton, a mental health therapist at Blueprint , a company focused on building AI-powered tools to help therapists, shares recommendations for setting mental health resolutions. One of the most important mental wellness goals for 2025 is to prioritize self-compassion and resilience. In a culture that often celebrates hustle and perfection, it's easy to push yourself too hard, setting unrealistic expectations that only add to stress and anxiety. But research shows that self-compassion and resilience are critical factors in coping with stress and maintaining long-term mental well-being. A 2021 study by Kristin Neff and Christopher Germer highlights that self-compassion—treating yourself with kindness when things don't go as planned—can reduce emotional distress and improve resilience. Instead of criticism for not meeting a goal or making a mistake, practice affirmations or positive self-talk. A simple goal, like being kinder to yourself during setbacks, can help reduce stress and boost mental wellness. A goal can look something like this: Making room for self-compassion this year can be a transformative step toward building resilience and enhancing overall mental health. Social connection is one of the most important factors in mental wellness, yet it's often overlooked in favor of individual self-improvement goals. Physical isolation can lead to loneliness, but social isolation is also strongly linked to mental health challenges like depression and anxiety, according to a study by Juliannee Holt-Lundstad. Meaningful relationships and community support can improve how satisfied you feel in your life on a day-to-day basis. This year, make it a goal to strengthen and nurture social connections, whether that means reconnecting with old friends, regularly scheduling family time, or joining social groups and clubs—like a book club, gym, or church group. For example, a social wellness goal can look like: Building mental wellness isn't just about managing thoughts and feelings; it's also about fostering a strong support network. Social connections are integral to building emotional resilience. Just as physical fitness is associated with physical health, mindfulness is often associated with mental fitness. However, practicing mindfulness is just as important as going for a run or lifting weights when it comes to mental wellness. Mindfulness-based practices—such as meditation, yoga, or breathing exercises—have been shown to reduce symptoms of anxiety and depression, improve focus, and boost emotional well-being according to research by Stefan Hofman in the Journal of Consulting and Clinical Psychology. Incorporating mindfulness into a routine doesn't have to be time-consuming or difficult. Start small by committing to 5–10 minutes of mindfulness practice a few times a week . Focus on breath, practice guided meditation, or even engage in mindful walking or eating. A simple goal might be: These exercises are called a practice for a reason: doing them consistently and often can strengthen your ability over time. These practices not only reduce stress in the moment but also help to build resilience over time, making it easier to handle future challenges. Whatever New Year's resolution you might have, a large obstacle is setting goals that are too ambitious or unrealistic. Whether it's aiming to exercise every day or cutting out all sugar, overambitious goals can lead to burnout and disappointment when progress isn't immediate. This is especially true for mental health goals, which often require patience and consistency. Using these suggestions for mental health goals, focus on how to personalize them to make them realistic and achievable for your life. Research from the American Psychological Association shows that people are more likely to succeed in their resolutions when they set realistic and incremental goals. Instead of vague, broad goals like "be happier" or "stress less," focus on small, concrete actions that can lead to big changes over time. One effective approach is to use SMART goals—goals that are Specific, Measurable, Achievable, Relevant, and Time-bound. For example: These specific, measurable actions make it easier to track progress and feel a sense of accomplishment along the way. Plus, they're more realistic and achievable, which increases your chances of success. It happens every year—gyms always seem to empty out before spring starts. One of the challenges of New Year's resolutions is that many people abandon their goals as early as January. However, mental health goals require ongoing attention and flexibility. Unlike weight loss or fitness goals, mental wellness is a journey, not an endpoint. Regularly tracking progress is essential. By setting aside time to evaluate personal progress, it's easier to adjust your goals and make necessary changes to keep things on track. Research shows that regular goal check-ins increase the likelihood of long-term success. Consider setting quarterly check-ins with yourself to assess your mental health goals: If you're not meeting your targets, adjust them to make them more realistic. Mental health progress doesn't always follow a straight line, so it's important to be flexible and forgiving with yourself. The new year is inherently a time of change, and that can be a helpful mindset in seeing new potential for growth and taking action. As you set your resolutions for 2025, don't forget to prioritize mental wellness. By focusing on achievable, realistic goals—you're setting yourself up for a healthier, more fulfilling year. Mental health is just as important as physical health, and nurturing it can help to reach other goals more effectively. Even if, in a month or two, you feel like you're falling behind—mental health goals can and should be flexible and adaptable. You can always adjust your approach if things aren't serving you, and check in with yourself regularly to stay on track. Goals are personal, and you're always in control. Here's to a year of growth, balance, and emotional well-being in 2025. This stor y was produced by Blueprint and reviewed and distributed by Stacker. Photo Credit: Alberto Menendez Cervero / Shutterstock As anyone who’s ever started a business knows, getting one off the ground is not for the faint of heart. Entrepreneurs face numerous challenges in the early years, from solidifying business plans to navigating the complexities of hiring employees and acquiring licenses and insurance. These hurdles often determine the fate of a startup, making the journey from an idea to a successful enterprise both difficult and uncertain. Each year, millions of Americans file new business applications , but only a fraction of these ventures transition to hiring employees. Among those that do, surviving the critical first few years can still be an uphill battle. However, survival rates differ significantly by location, influenced by a variety of factors such as economic conditions, state policies, and industry-specific demand. The good news is that businesses that weather the initial hurdles see a much greater likelihood of long-term success. This analysis explores the states where new businesses are most likely to survive their earliest years based on the latest data from the U.S. Bureau of Labor Statistics (BLS). The findings reveal important insights into how location and time impact the chances of business success. The chances of staying in business increase dramatically after the first few years Source: Simply Business analysis of U.S. Bureau of Labor Statistics data | Image Credit: Simply Business One of the most significant challenges for new business owners is simply staying in operation. The risk of failure is highest during the first year, but it diminishes considerably over time. For those businesses that survive the initial hurdles, the likelihood of long-term success grows each year. According to recent BLS data, only about 79% of businesses survive their first year, making it the most difficult period for startups. However, for businesses that survive their first year, roughly 85% make it to the next. By the fifth year, 91% of businesses manage to continue operations, and for those that reach the 10-year mark, an impressive 93% make it through to another year. These figures underscore the importance of persistence and adaptability, especially during the critical early years when the risk of failure is highest. They also highlight that while starting a business is undeniably challenging, those who endure the startup years enjoy far better odds moving forward. Washington & California lead the country in new business survival rates Source: Simply Business analysis of U.S. Bureau of Labor Statistics data | Image Credit: Simply Business New business success varies widely across the United States, with some states providing a more favorable environment for startups to thrive. Based on survival rates for the first three years of operation, Washington and California stand out as the nation’s leading states. Washington claims the top spot, with businesses in the state enjoying an 86.4% chance of surviving their first year, 89.3% in their second year, and an impressive 91.8% in their third year. These figures highlight Washington's robust support for young businesses, likely fueled by its thriving tech ecosystem and a generally favorable economic climate. California ranks second, with survival rates of 86.0% in the first year, 89.8% in the second, and 91.4% in the third. Despite challenges such as high costs of living and regulatory complexities, California’s strong economy, innovation hubs, and access to venture capital contribute to its high ranking. Outside of the West Coast, West Virginia —whose economy is deeply rooted in energy production, natural resources, and manufacturing—ranks third, boasting the highest third-year survival rates at 91.9%. North Carolina —a major banking center and home of the Research Triangle—follows closely with similar numbers. At the opposite end of the spectrum, Minnesota businesses face the toughest challenges in their early years, with only 72.3% surviving their first year and 80.2% their second. These regional differences highlight the importance of local economic conditions in shaping a startup's odds of success. For entrepreneurs planning their next move, this analysis offers insight into where businesses are thriving and where challenges are more pronounced. Factors like industry presence, regulatory environments, and access to resources can create opportunities—or hurdles—that significantly affect survival rates in the critical early years. Choosing the right location isn’t just about personal preference; it can mean the difference between failure and success. This analysis was conducted by Simply Business —an online insurance marketplace for small businesses—using 2024 data from the U.S. Bureau of Labor Statistics. For complete results, see the original post: States Where New Businesses Are Most Likely to Succeed . Photo Credit: Alberto Menendez Cervero / Shutterstock The data in this report comes from the U.S. Bureau of Labor Statistics’ Business Employment Dynamics . To determine the states where new businesses are most likely to succeed, researchers at Simply Business developed a business survival index. This index is based on a weighted average of the most recent survival rates for private-sector establishments during their first, second, and third years of operation, as of March 2024. The survival rates were calculated using sequential benchmarks. The first-year survival rate is the percentage of businesses still active one year after opening. The second-year rate is the percentage of those first-year survivors that remained operational for another year. Similarly, the third-year rate is the percentage of second-year survivors that continued into the following year. The data focuses exclusively on private-sector businesses with at least one employee. For complete results, see States Where New Businesses Are Most Likely to Succeed on Simply Business. Receive the latest in local entertainment news in your inbox weekly!U.S. prosecutors have announced their decision to drop two federal criminal cases against Donald Trump, citing long-standing Justice Department policy against prosecuting a sitting president. This move marks a consequential victory for Trump, who recently won the election and is poised to reclaim the presidency in January. The policy, originating in the 1970s, suggests prosecuting a sitting president would contradict the Constitution by disrupting executive functions. While the courts will still need to approve the prosecutors' requests, the Justice Department has indicated these cases must be closed before Trump's return to the White House. Despite this development, prosecutors have signaled their intention to pursue charges against two Trump associates related to the classified documents case. Trump's representation has hailed this outcome as a major legal triumph, painting Trump's election success as both a political and legal victory. (With inputs from agencies.)None
Why world is paying dearly for absurd 76-day gap between Trump’s win & him taking office...are we now headed for WW3?
After quarterback Gardner Minshew suffered a season-ending broken collarbone against the Denver Broncos on Sunday, the Las Vegas Raiders got one of their quarterbacks back from injury. The team announced Monday that Aidan O'Connell, who has been out with a hand injury, returned to practice. The Raiders placed O'Connell on the injured reserve in late October due to a broken thumb. Amid O'Connell's injury, Las Vegas picked up Desmond Ridder to serve as the backup. Minshew, who joined the Raiders after a successful season with the Indianapolis Colts a year ago, had 2,013 passing yards, nine touchdowns and 10 interceptions before going down with the injury. Ridder replaced him on Sunday and completed five of his 10 passes for 64 yards. O'Connell, who has played four games this season, has 455 passing yards, two touchdowns and two interceptions. There was some indecision from the Raiders on whether to start O'Connell or Minshew earlier this season, but now O'Connell may get his chance to be the starter for the rest of the year. Head coach Antonio Pierce said that he could be ready to go for Friday's game against the Kansas City Chiefs, but he will need to see O'Connell make some strides this week. "Just seeing him being able to grip the ball comfortably — hopefully there's no pain there — and just being able to be efficient," Pierce said, per The Athletic's Tashan Reed . "To put a player out there that's hurting or injured still, that's not in the benefit of the player or the team." At this point in the season, there's not much O'Connell can do for the Raiders. They lost their seventh consecutive game on Sunday to drop to 2-9 on the year and are likely out of the playoffs barring a late-season miracle. The rest of the season for O'Connell will likely be more about proving himself as a capable starter for Las Vegas.Chelsea's Enzo Maresca provides telling verdict on under fire Tottenham boss Ange PostecoglouBryce Thompson scored 17 points and achieved a milestone as Oklahoma State defeated Miami 80-74 on Friday afternoon in a Charleston Classic consolation game in Charleston, S.C. Thompson made 6-of-14 shots from the floor, surpassing 1,000 points for his career at Oklahoma State (4-1), which also got 15 points from Marchelus Avery. The Cowboys won in large part thanks to their impressive 3-point shooting (10-for-22, 45.5 percent). Oklahoma State backup guard Arturo Dean, a Miami native, posted eight points and one steal. He led the nation in steals last season while playing for Florida International. Miami (3-2) has lost two straight games in Charleston, failing to take a lead at any point. They will play on Sunday against either Nevada or VCU. The Hurricanes on Friday were led by Nijel Pack, who had a game-high 20 points. Brandon Johnson had a double-double for Miami with 12 points and 10 rebounds. Matthew Cleveland scored 11 points and Lynn Kidd and Paul Djobet added 10 points apiece for Miami. Miami, which fell behind 7-0 in Thursday's loss to Drake, got behind 9-0 on Friday as Abou Ousmane scored six of his eight points. Oklahoma State stretched its lead to 18 before settling for a 43-27 advantage at the break. Pack led all first-half scorers with 10 points, but Miami shot just 29.6 percent from the floor, including 3-of-13 on 3-pointers (23.1). Oklahoma State shot 48.4 percent, including 8-for-15 on 3-pointers (53.3 percent) before intermission. The Cowboys also had a 14-8 edge in paint points. In the second half, Miami closed its 20-point deficit to 55-42 with 12:12 left. Miami got a bit closer as two straight short jumpers by Kidd, trimming the deficit to 73-62 with 3:25 to play. The Hurricanes cut it to 77-70 on Pack's 3-pointer with 34 seconds remaining, but the Cowboys hit their free throws to close out the win. --Field Level Media
Prepare to Be Amazed by BMW’s Futuristic Factory WorkersNASSAU, Bahamas — Scottie Scheffler birdied every hole but the par 3s on the front nine at Albany Golf Club on Friday and finished his bogey-free round with an 8-under 64 that gave him a two-shot lead in the Hero World Challenge. Two months off did nothing to slow the world's No. 1 player. Scheffler already has eight victories this year and is in position to get another before the end of the year. Scheffler was at 13-under 131, two ahead of Akshay Bhatia (66) and Justin Thomas (67), both of whom had to save par on the 18th hole to stay in range going into the weekend. Scheffler started with a lob wedge to 2 feet for birdie and never slowed until after he went out in 29 to seize control of the holiday tournament against a 20-man field. Scheffler cooled slightly on the back nine, except it didn't feel that way to him. "Front nine, just things were going my way. Back nine, maybe not as much," Scheffler said. "A couple shots could end up closer to the hole, a couple putts go in, just little things." Asked if he felt any frustration he didn't take it lower — he once shot 59 at the TPC Boston during the FedEx Cup playoffs — Scheffler sounded bemused. "I think in this game I think a lot of all y'all are looking for perfection out of us," he said. "Today I shot 8 under on the golf course, not something I hang my head about. A lot of good things out there — clean card, bogey-free, eight birdies. Overall, I think I'm pretty pleased." Thomas felt his 67 was stress-free, particularly the way he was driving the ball. The wind laid down again, rare for the Bahamas, though it is expected to pick up on the weekend. Thomas wasn't concerned to see Scheffler get off to a hot start, especially with three par 5s on the front nine and a short par 4 that at worst leaves a flip wedge to the green. "You literally can birdie every hole as soft as the greens are," Thomas said. "He's a great player, a great wedge player, and you have a lot of birdie holes to start. I'm honestly surprised he only shot 8 under. It's a sneaky course because if you fall asleep on some shots, you can get out of position. But if you're on and focused and really in control of everything — like these last two days with no wind — you can just make so many birdies." Ryder Cup captain Keegan Bradley had a 67 and was four shots behind. No matter how benign the conditions, it wasn't always easy. Cameron Young, who opened with a 64 for a two-shot lead, followed with a 75 despite making five birdies. That included a double bogey on the final hole when his approach tumbled down the bank into the rocks framing the lake that goes all the way down the 18th hole. Patrick Cantlay was trying to keep pace playing alongside Scheffler, but he had three bogeys over the final seven holes and fell seven shots behind with a 71. The tournament, hosted by Tiger Woods, is unofficial but offers world ranking points to all but the bottom three players because of the small field. It's the weakest field in 25 years, but Scheffler at No. 1 gives it enough cachet. He is the first player since Woods in 2009 to start and finish a year at No. 1 in the world. And even after a layoff — giving him time to tinker with a new putting stroke — it looks like it might be a while before anyone changes that. Be the first to know Get local news delivered to your inbox!
Tech billionaire Elon Musk spent at least $270 million to help Donald Trump win the US presidency, according to new federal filings, making him the country's biggest political donor. SpaceX and Tesla CEO Musk, the world's richest person, was an ardent supporter of Trump's White House campaign -- funneling money into door knocking operations and speaking at his rallies. His financial backing, which has earned him a cost-cutting advisory role in Trump's incoming government, surpassed spending by any single political donor since at least 2010, according to data from nonprofit OpenSecrets. The Washington Post reported that Musk spent more this election cycle than Trump backer Tim Mellon, who gave nearly $200 million and was previously the Republican's top donor. Musk donated $238 million to America PAC, a political action committee that he founded to support Trump, filings late Thursday with the Federal Election Commission showed. An additional $20 million went to the RBG PAC, a group that used advertising to soften Trump's hardline reputation on the key voter issue of abortion. Musk has been an ever-present sidekick for Trump since his election victory in November, inviting him to watch a rocket launch in Texas by his SpaceX company. Trump has selected the South African-born tycoon and fellow ally Vivek Ramaswamy to head the so-called Department of Government Efficiency, through which the pair have promised to deliver billions of dollars of cuts in federal spending. However, with Musk's businesses all having varying degrees of interactions with US and foreign governments, his new position also raises concerns about conflict of interest. The president-elect has nominated several people close to Musk for roles in his administration, including investor David Sacks as the so-called AI and crypto czar. Meanwhile, billionaire astronaut Jared Isaacman, who has collaborated with Musk's SpaceX, was named the head of US space agency NASA. pgf-bjt/acbBen Sheizaf Appointed as Board Member and Chairman of the Board Tel-Aviv, Israel, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Ellomay Capital Ltd. (NYSE American; TASE: ELLO) (“Ellomay” or the “Company”), a renewable energy and power generator and developer of renewable energy and power projects in Europe, Israel and the USA, announced today that Shlomo Nehama, after serving as chairman of the board for 16 years, has decided to resign from the Company’s Board of Directors. Mr. Nehama served on the Board of Directors and as the Company’s Chairman of the Board since March 2008 and is a controlling shareholder of the Company. In connection with Mr. Nehama’s resignation, the Company’s Board of Directors unanimously appointed Mr. Ben Sheizaf as a member of the Board of Directors and as Chairman of the Board. Mr. Sheizaf will serve as a director until the Company’s 2025 annual general meeting, at which he can be nominated for reappointment to the Company’s Board of Directors. Mr. Sheizaf, 67, is the founder and CEO of B.P.O. Ltd., a consulting firm since 2019, and has held many senior positions in the Israeli finance and insurance sectors. Mr. Sheizaf currently serves as a member of the board and chairman of the risk management committee of Isracard Ltd. (TASE: ISCD) and as chairman of the board of Detelix Software Technologies Ltd. Between 2008-2019 he held several positions in Phoenix Financial Ltd. (TASE: PHOE), including Deputy CEO and Head of the Long-Term Savings Division, CEO of The Phoenix Pension and Provident Fund Ltd. and a board member of other companies in the group, chairman of Excellence Provident Fund Ltd. and a member of the board of Excellence Investments Ltd. (between 2018-2019), and chairman of Shekel Insurance Agency (2008) Ltd. (between 2012-2015). Mr. Sheizaf holds a B.A. in Accounting and Economics from Tel Aviv University and completed a supplemental year of accounting studies. “Having served as chairman of the board for 16 years, it is time for me to step down. We have achieved extraordinary growth and expansion with an impressive geographical spread as well. I am proud of what we have accomplished. It is with great pleasure that I thank the shareholders for their trust in us, the board members, and management for their responsible and accurate implementation of our strategic plans. The future holds many opportunities for us. I am pleased to announce Benny Sheizaf’s appointment. I am confident that he will bring impressive knowledge and experience. This will help move the company forward to new heights. Needless to mention that if so requested or required I shall personally assist the board and the chairman in all aspects,” said Mr. Nehama. “It is my pleasure to thank Shlomo and the members of the board for their confidence in me. Together with Ellomay’s excellent team, I am confident that we will lead the company to significant and sustainable growth,” said Mr. Sheizaf, the incoming Chairman of the Board. About Ellomay Capital Ltd. Ellomay is an Israeli based company whose shares are listed on the NYSE American and the Tel Aviv Stock Exchange under the trading symbol “ELLO”. Since 2009, Ellomay Capital focuses its business in the renewable energy and power sectors in Europe, USA and Israel. To date, Ellomay has evaluated numerous opportunities and invested significant funds in the renewable, clean energy and natural resources industries in Israel, Italy, Spain, the Netherlands and Texas, USA, including: For more information about Ellomay, visit http://www.ellomay.com . Information Relating to Forward-Looking Statements This press release contains forward-looking statements that involve substantial risks and uncertainties, including statements that are based on the current expectations and assumptions of the Company’s management. All statements, other than statements of historical facts, included in this press release regarding the Company’s plans and objectives, expectations and assumptions of management are forward-looking statements. The use of certain words, including the words “estimate,” “project,” “intend,” “expect,” “believe” and similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company may not actually achieve the plans, intentions or expectations disclosed in the forward-looking statements and you should not place undue reliance on the Company’s forward-looking statements. Various important factors could cause actual results or events to differ materially from those that may be expressed or implied by the Company’s forward-looking statements, including changes in electricity prices and demand, continued war and hostilities in Israel, Gaza and Lebanon, regulatory changes, including extension of current or approval of new rules and regulations increasing the operating expenses of manufacturers of renewable energy in Spain, increases in interest rates and inflation, changes in the supply and prices of resources required for the operation of the Company’s facilities (such as waste and natural gas) and in the price of oil, the impact of continued military conflict between Russia and Ukraine, technical and other disruptions in the operations or construction of the power plants owned by the Company and general market, political and economic conditions in the countries in which the Company operates, including Israel, Spain, Italy and the United States. These and other risks and uncertainties associated with the Company’s business are described in greater detail in the filings the Company makes from time to time with Securities and Exchange Commission, including its Annual Report on Form 20-F. The forward-looking statements are made as of this date and the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Contact: Kalia Rubenbach (Weintraub) CFO Tel: +972 (3) 797-1111 Email: hilai@ellomay.comAutonomix Medical, Inc. Announces Closing of $10.0 Million Underwritten Public Offering Including Partial Exercise of Over-Allotment Option
HMC Heart Hospital performs advanced robotic-assisted coronary graft surgeries
Qatar’s decision to suspend its mediation efforts between Israel and Hamas and the sweeping Cabinet reshuffle are not isolated actions; they are intertwined maneuvers within a unified strategic framework aimed at fortifying the nation’s stance amid shifting regional and global dynamics. Together, these actions reveal a nation positioning itself proactively for the future. With Donald Trump’s imminent return to the U.S. presidency and the potential for heightened regional tensions, Qatar is bolstering its readiness as a mediator and a resilient actor capable of maintaining influence in both diplomatic and security arenas. In early November, Majid al-Ansari, spokesperson for the Qatari Ministry of Foreign Affairs, announced that the mediation efforts led by Qatar between Israel and Hamas had been suspended. Al-Ansari stated that the relevant parties had been informed 10 days prior that "mediation would be halted if no progress was made." Qatar justified the suspension of mediation by citing the "reluctance" and "lack of seriousness" of both sides in ending the conflict and preventing harm to civilians. Western media platforms have engaged in disinformation regarding Qatar’s statements on two specific points. The first is the claim that Qatar has completely withdrawn from mediating between Israel and Hamas, and the second is the assertion that Hamas' Doha office would be permanently closed. As of now, no official statement has confirmed that Qatar has definitively ended its mediation between Israel and Hamas. Similarly, there has been no finalized or officially announced development regarding the permanent closure of Hamas' office in Doha. However, in a statement made a few days ago, Al-Ansari confirmed that the Hamas leaders participating in the negotiations were no longer in Doha and that these people were already holding meetings in various regional capitals, including Türkiye. He added that if there is no need for mediation, the decision regarding the closure of Hamas’ Doha office will officially come from Qatar. The statements aim to convey a message to both parties, indicating that without mediation, issues will remain unresolved. Qatar is positioned as an essential actor should talks between Israel and Hamas resume. Therefore, suspending its role as a mediator at this stage could potentially strengthen its position. Türkiye is one of the countries where Hamas can move or mediation can be carried out. Qatari officials also expressed this directly or indirectly. Although there is no specific statement from Qatar or Türkiye at this stage that Hamas has moved to Türkiye permanently, it is a natural political strategy for Hamas to move among its offices. Türkiye has been engaging with regional actors and working on specific solutions observing Palestinian people for many years; there is nothing new here. Hamas's departure from Doha at this stage does not indicate a negative shift in Qatar-Hamas relations, nor does it suggest that Hamas will fully shift its political operations to another country, including Türkiye. These issues were likely brought up in the meetings held with the country's emir, Sheikh Tamim bin Hamad Al Thani, who recently held talks with President Recep Tayyip Erdoğan in Türkiye while attending the 10th meeting of the Supreme Strategic Committee. Türkiye and Qatar are closely coordinating their efforts in response to Israel's aggressive actions in the region, including its reckless approach. Both countries are actively pursuing mediation initiatives aimed at securing a cease-fire, facilitating the release of hostages, ensuring the withdrawal of Israeli forces from certain areas and ultimately ending the conflict. This collaboration continues regardless of where Hamas is based, with a shared commitment to addressing these pressing issues The suspension of mediation was accompanied by significant internal political developments in Qatar. On the same day as the U.S. presidential election, a referendum was concluded that effectively abolished the election of two-thirds of the Shura Council members by popular vote, reinstating the previous system whereby members were appointed by the emir. This shift was followed by a series of consequential changes that unfolded in rapid succession. On Nov. 12, 2024, Sheikh Tamim conducted a comprehensive reshuffle within the Cabinet and other public offices. An assessment of these developments indicates a partial renewal within the upper echelons of Qatar's security bureaucracy. While previous appointees were already individuals closely affiliated with the ruling family, the recent appointment of a direct member of the Al Thani family – and a particularly influential one – to head the defense sector marks a significant development. Additionally, the appointment of a senior security and intelligence official as head of the emir's Diwan, alongside the designation of a new chief of general staff and head of the intelligence agency, constitutes significant steps within this reshuffle. With these changes, the decision-making mechanism in Qatar has been rendered more exclusive, as individuals appointed to these roles are either members of or closely affiliated with the ruling family. The rationale behind these changes may be linked to the anticipated inauguration of Donald Trump as president of the U.S. on Jan. 20, 2025. Furthermore, the prospect of targeting Hamas’ affiliates or figures within Qatar might also be considered a contributing factor. Qatar might have deemed it necessary to expedite decision-making processes and concentrate these processes within a narrower circle to manage its relations with the incoming Trump administration more effectively. Following the disruption of the Israel-Hamas negotiations, another potential reason for this reshuffle could be the possibility of Israel targeting Hamas members residing in Qatar. Qatar’s decision to suspend its mediation efforts between Israel and Hamas, coupled with a significant Cabinet reshuffle, signals a shift in the region’s power dynamics and highlights Qatar’s intent to safeguard its strategic position. While the suspension of mediation is ostensibly due to the unwillingness and lack of seriousness of both sides, it can also be seen as a tactical move by Qatar to underscore the influence it holds as a mediator. By pausing its efforts, Qatar demonstrates that its role is crucial, and it will not continue in the absence of genuine engagement from both parties. This act underlines Qatar’s leverage and the potential cost of excluding it from peace processes. The extensive reshuffle initiated by Sheikh Tamim, which focuses on placing close family members or individuals loyal to the ruling family in key positions, suggests a strategic effort to consolidate power and streamline decision-making processes. This reorganization aligns with Qatar’s need to respond swiftly and effectively to external pressures and evolving regional challenges. With Trump set to assume the U.S. presidency, Qatar may be anticipating a return to a more assertive U.S. foreign policy in the Middle East, marked by strong support for Israel and opposition to Iran. The Cabinet changes appear to be a preemptive move to better position Qatar to navigate potential geopolitical shifts and pressures from the Trump administration. Qatar’s established relationship with Hamas remains a cornerstone of its regional diplomatic influence. However, with the suspension of Israel-Hamas talks and the possibility of Israel targeting Hamas operatives in Qatar, the state’s strategic reshuffle could also serve as a protective measure. It strengthens Qatar’s internal security posture while signaling that it is prepared to adapt its alliances and strategies as needed. Qatar’s recent suspension of mediation and significant reshuffle within its security bureaucracy signal a calculated pivot, positioning itself to navigate impending changes in the global and regional order. The timing coincides not just with Trump’s upcoming presidency but also with broader uncertainties involving regional conflicts and shifting power alignments. By consolidating decision-making within a trusted inner circle and asserting its mediation leverage, Qatar projects a readiness to protect its strategic interests, signaling to both allies and adversaries that it will not retreat from the table but recalibrate as needed to uphold its diplomatic and security stature.For the first time, private sector banks as a group met priority sector lending targets including sub-targets for major heads in 2023-24, particularly in agriculture, showed central bank data. Although all bank groups managed to achieve their stipulated overall targets and sub targets, private sector banks did better than public sector counterparts. ET Year-end Special Reads What kept India's stock market investors on toes in 2024? India's car race: How far EVs went in 2024 Investing in 2025: Six wealth management trends to watch out for For public sector, private and foreign banks, the target is 40% of adjusted net bank credit (ANBC) or credit equivalent of off-balance sheet exposure (CEOBE), whichever is higher, for small finance banks the target is higher at 75%. One of the reasons for the private sector to achieve their priority sector target Is that these banks are now allowed to invest in priority sector lending certificates (PSLCs). These are issued against banks’ priority sector loans under various sub-targets and general categories. Banks use PSLCs to guard against shortfalls. The total trading volume of PSLCs climbed 26% in FY24 , primarily led by PSLC-General. Among the four PSLC categories, the small and marginal farmers category registered the highest trading volume, partly reflecting specialisation by a few banks in lending to this category of borrowers and the inability of other banks to meet sub-targets through direct lending, the RBI said in its report on Trends and Progress of Banking. In the past five years, private sector banks have emerged as major sellers of PSLCs. In FY24, they accounted for 49% of total sales as compared with 21% in the case of PSBs, the RBI said. 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The last day to apply is December 31, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award. (You can now subscribe to our Economic Times WhatsApp channel )Jimmy Carter: Many evolutions for a centenarian ‘citizen of the world’Jimmy Carter: Many evolutions for a centenarian ‘citizen of the world’
NoneMajor stock indexes we mixed on Wall Street in afternoon trading Monday, marking a choppy start to a holiday-shortened week. The S&P 500 rose 0.6%. The Dow Jones Industrial Average slipped 21 points, or 0.1% as of 2:22 p.m. Eastern time. The tech-heavy Nasdaq composite rose 1%. Gains in technology and communications stocks helped outweigh losses in consumer goods companies and elsewhere in the market. Semiconductor giant Nvidia, whose enormous valuation gives it an outsize influence on indexes, rose 3.6%. Broadcom jumped 5.7% to also help support the broader market. Walmart fell 2.2% and PepsiCo slid 1.3%. Japanese automakers Honda Motor and Nissan said they are talking about combining in a deal that might also include Mitsubishi Motors. U.S.-listed shares in Honda jumped 12.1% , while Nissan fell 0.9%. Eli Lilly rose 3.3% after announcing that regulators approved Zepbound as the first and only prescription medicine for adults with sleep apnea. Department store Nordstrom fell 1.7% after it agreed to be taken private by Nordstrom family members and a Mexican retail group in a $6.25 billion deal. The Conference Board said that consumer confidence slipped in December. Its consumer confidence index fell back to 104.7 from 112.8 in November. Wall Street was expecting a reading of 113.8. The unexpectedly weak consumer confidence update follows several generally strong economic reports last week. One report showed the overall economy grew at a 3.1% annualized rate during the summer, faster than earlier thought. The latest report on unemployment benefit applications showed that the job market remains solid. A report on Friday said a measure of inflation the Federal Reserve likes to use was slightly lower last month than economists expected. Worries about inflation edging higher again had been weighing on Wall Street and the Fed. The central bank just delivered its third cut to interest rates this year, but inflation has been hovering stubbornly above its target of 2%. It has signaled that it could deliver fewer cuts to interest rates next year than it earlier anticipated because of concerns over inflation. Expectations for more interest rate cuts have helped drive a 25% gain for the S&P 500 in 2024. That drive included 57 all-time highs this year. Inflation concerns have added to uncertainties heading into 2025, which include the labor market's path ahead and shifting economic policies under an incoming President Donald Trump. "Put simply, much of the strong market performance prior to last week was driven by expectations that a best-case scenario was the base case for 2025," said Brent Schutte, chief investment officer at Northwestern Mutual Wealth Management Company Treasury yields rose in the bond market. The yield on the 10-year Treasury rose to 4.59% from 4.53% late Friday. European markets were mostly lower, while markets in Asia gained ground. Wall Street has several other economic reports to look forward to this week. On Tuesday, the U.S. will release its November report for sales of newly constructed homes. A weekly update on unemployment benefits is expected on Thursday. Markets in the U.S. will close at 1 p.m. Eastern on Tuesday for Christmas Eve and will remain closed on Wednesday for Christmas.None