Stock market today: Wall Street gains ground as it notches a winning week and another Dow recordNEW YORK , Nov. 21, 2024 /PRNewswire/ -- Report on how AI is driving market transformation - The global marine air conditioning (AC) systems market size is estimated to grow by USD 3.7 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 2.59% during the forecast period. Growth in commercial shipping is driving market growth, with a trend towards increasing marpol regulations. However, high safety issues and piracy threats associated with digital air conditioning systems poses a challenge.Key market players include Aquamare Marine Ltd., BRONSWERK GROUP Ltd., Carrier Global Corp., Chongqing Acir Marine Co. Ltd., Daikin Industries Ltd., Dometic Group AB, Eberca Holding BV, Flagship Marine Inc., FRIGOMAR Srl, GEA Group AG, Heinen and Hopman, Johnson Controls International Plc., Mabru Power Systems, MARINAIRE TECHNOLOGIES INC., Nissin Refrigeration and Engineering Ltd., Ocean Breeze, Pompanette LLC, The Koja Group, Veco S.p.A, and Webasto SE. Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF Marine Air Conditioning (AC) Systems Market Scope Report Coverage Details Base year 2023 Historic period 2018 - 2022 Forecast period 2024-2028 Growth momentum & CAGR Accelerate at a CAGR of 2.59% Market growth 2024-2028 USD 3702.3 million Market structure Fragmented YoY growth 2022-2023 (%) 2.5 Regional analysis APAC, Europe, North America, South America, and Middle East and Africa Performing market contribution APAC at 53% Key countries China, US, Japan, Germany, and UK Key companies profiled Aquamare Marine Ltd., BRONSWERK GROUP Ltd., Carrier Global Corp., Chongqing Acir Marine Co. Ltd., Daikin Industries Ltd., Dometic Group AB, Eberca Holding BV, Flagship Marine Inc., FRIGOMAR Srl, GEA Group AG, Heinen and Hopman, Johnson Controls International Plc., Mabru Power Systems, MARINAIRE TECHNOLOGIES INC., Nissin Refrigeration and Engineering Ltd., Ocean Breeze, Pompanette LLC, The Koja Group, Veco S.p.A, and Webasto SE Market Driver The Marine Air Conditioning (AC) Systems market is witnessing significant trends in the maritime industry. Strategies for enhancing cabin comfort in ships include the use of both refrigerant air conditioners and evaporative air conditioners. Heat and humidity control are crucial for client satisfaction in passenger vessels like cruise ships, ocean liners, ferries, and yachts. The shipbuilding industry's urbanization and enhanced globalization drive the demand for energy-efficient AC systems. Refrigerant gases are essential for refrigeration systems, but overcapacity and energy efficiency concerns necessitate innovative processes. HVAC systems, including heating and cooling systems, are vital for maritime cargo and passenger vessels. Sea water can be used for cooling in some applications. The market caters to various clients, including the leisure industry, tourism, and maritime cargo. Shipyards are key players in the market, integrating AC systems into new builds and retrofits. Capacity expansion and temperature control are crucial for cargo vessels, while air quality and cabin comfort are essential for passenger vessels. The international community is increasingly concerned about marine pollution, particularly from ships and other ocean-going vessels. The International Convention for the Prevention of Pollution from Ships (MARPOL) is a significant international regulation addressing this issue. Marine vessels contribute to air pollution through the emission of nitrogen oxides (NOx), fine particulate matter (PM2.5), and sulfur oxides (SOx). These emissions not only violate National Ambient Air Quality Standards for PM2.5 but also pose risks to marine life and human health near ports and coastlines. To mitigate these environmental concerns, the marine air conditioning (AC) systems market is witnessing significant growth as these systems help reduce emissions from ships by improving energy efficiency and reducing the need for auxiliary power, thereby reducing overall emissions. Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution! Market Challenges Discover how AI is revolutionizing market trends- Get your access now! Segment Overview This marine air conditioning (ac) systems market report extensively covers market segmentation by 1.1 Chiller systems- Marine air conditioning systems, including chiller systems, play a crucial role in providing cooling and climate control for the interior spaces of boats, ships, and other maritime vessels. Chiller systems, which are a common type of air conditioning system in marine environments, have become increasingly energy-efficient over time. This energy efficiency is a significant draw for vessel operators looking to reduce energy consumption and operating costs. With the expansion of marine tourism and leisure industries globally, the demand for advanced air conditioning systems, such as chiller systems, is on the rise. Passengers expect a comfortable and enjoyable experience on leisure ships, and owners are investing in these systems to meet these expectations. Technological advancements, energy efficiency concerns, and environmental regulations are also driving the demand for chiller systems in marine air conditioning. The market for these systems is expected to grow as the marine industry evolves and the need for comfortable and efficient onboard environments for passengers and crew members continues to increase. Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics Research Analysis The Marine Air Conditioning (AC) Systems market caters to the cooling and temperature control needs of ships, ensuring optimal conditions for crew comfort and preservation of cargo. These systems utilize refrigerant gases to absorb heat from the air and release it into the sea water. The market is driven by urbanization and enhanced globalization, leading to an increase in demand for modern shipping fleets. The shipbuilding industry is a significant end-user, integrating AC systems as standard equipment. Overcapacity in the market, however, presents a challenge, necessitating strategies for energy efficiency and cost-effectiveness. Temperature and air quality control are essential considerations for both crew comfort and cargo preservation, making AC systems an indispensable component of modern maritime operations. Market Research Overview The Marine Air Conditioning (AC) Systems market caters to the cooling and heating needs of various marine vessels, including cruise ships, ocean liners, ferries, yachts, and cargo vessels. These systems ensure cabin comfort by regulating temperature, humidity, and air quality. Refrigerant air conditioners and evaporative air conditioners are the primary types used. The market is driven by urbanization, enhanced globalization, and the growing demand for maritime tourism and leisure industry. The process involves the use of refrigerant gases to cool down the hot air and remove moisture. Heat is expelled into the sea water or through the ship's exhaust. Shipyards and non-major ports are significant clients in the market. Overcapacity and energy efficiency are key challenges. HVAC systems, heating systems, and refrigeration systems are integral components of marine AC systems. The maritime industry's expansion, especially in cruising and cargo shipping, fuels market growth. Capacity, temperature, and cargo vessels are crucial factors influencing market trends. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/ View original content to download multimedia: https://www.prnewswire.com/news-releases/marine-ac-systems-market-to-grow-by-usd-3-7-billion-2024-2028-driven-by-strong-commercial-shipping-growth-market-evolution-powered-by-ai---technavio-302312046.html SOURCE TechnavioAI voice cloning: How programs are learning to pick up on pitch and toneTAMPA, Fla. , Dec. 5, 2024 /PRNewswire/ -- Marpai, Inc. ("Marpai" or the "Company") (OTCQX: MRAI), a technology platform company, which operates as a national Third-Party Administrator (TPA) through its subsidiaries and is transforming the $22 billion TPA market by offering affordable, intelligent, healthcare solutions to self-funded employer health plans, today announced the pricing of a private placement offering consisting of the issuance and sale of 621,194 shares of its Class A common stock (the "Common Stock"), par value $0.0001 per share, at a purchase price of $1.13 per Common Stock, for aggregate gross proceeds of $701,950 . The investors in the offering consisted of an institutional fund and certain officers and directors of the Company. The closing of the offering is expected to occur on or before December 6 , 2024.The company intends to use the net proceeds from the offering for general working capital. The securities issued in the offering are exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act") pursuant to Section 4(a)(2) of the Securities Act and/or Rule 506(b) of Regulation D promulgated thereunder. The securities have not been registered under the Securities Act and may not be sold in the United States absent registration or an exemption from registration. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Marpai, Inc. Marpai, Inc. (OTCQX: MRAI) is a technology platform company which operates subsidiaries that provide TPA and value-oriented health plan services to employers that directly pay for employee health benefits. Primarily competing in the $22 billion TPA sector serving self-funded employer health plans representing over $1 trillion in annual claims. Through its Marpai Saves initiative, the Company works to deliver the healthiest member population for the health plan budget. Operating nationwide, Marpai offers access to leading provider networks including Aetna and Cigna and all TPA services. For more information, visit www.marpaihealth.com , the content of which is not incorporated by reference into this press release. Investors are invited to visit https://www.ir.marpaihealth.com Forward-Looking Statement Disclaimer This press release contains forward-looking statements, as that term is defined in the Private Litigation Reform Act of 1995, that involve significant risks and uncertainties. Forward-looking statements can be identified through the use of words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," "guidance," "may," "can," "could", "will", "potential", "should," "goal" and variations of these words or similar expressions. For example, the Company is using forward looking statements when it discusses the expected closing date and the intended use of proceeds. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect Marpai's current expectations and speak only as of the date of this release. Actual results may differ materially from Marpai's current expectations depending upon a number of factors. These factors include, among others, adverse changes in general economic and market conditions, competitive factors including but not limited to pricing pressures and new product introductions, uncertainty of customer acceptance of new product offerings and market changes, risks associated with managing the growth of the business. Except as required by law, Marpai does not undertake any responsibility to revise or update any forward-looking statements whether as a result of new information, future events or otherwise. More detailed information about Marpai and the risk factors that may affect the realization of forward-looking statements is set forth in Marpai's filings with the Securities and Exchange Commission. Investors and security holders are urged to read these documents free of charge on the SEC's web site at http://www.sec.gov . View original content to download multimedia: https://www.prnewswire.com/news-releases/marpai-announces-pricing-of-700-000-private-placement-302324176.html SOURCE Marpai Stay Informed: Subscribe to Our Newsletter Today
Would you pay $700 a night to sleep under the stars at this Colorado resort?NoneUN Resolution 1701 is at the heart of the Israel-Hezbollah ceasefire. What is it?
UN Resolution 1701 is at the heart of the Israel-Hezbollah ceasefire deal. What is it?Erie Indemnity Approves Management Fee Rate and Dividend Increase, Declares Regular Dividends
McClain added six assists for the Tigers (2-5). Grayson Carter scored 13 points, shooting 6 of 7 from the field. Kenny Hunter and Alex Anderson both added 12. The Javelinas were led by Isaiah Payne, who recorded 18 points and four assists. Texas A&M-Kingsville also got 16 points from Allen Singleton. Nate Lacewell also had 13 points and seven rebounds. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .
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Another late-game meltdown sent the Bears to their sixth straight loss and led to the firing of coach Matt Eberflus. The 49ers suffered their second straight blowout loss and more crushing injuries to go from Super Bowl contenders to outside the playoff picture in a matter of weeks. The two reeling teams will try to get back on track on Sunday when the Bears (4-8) visit the 49ers (5-7) in Chicago's first game under interim coach Thomas Brown . “I told them a minute ago after practice there is no confidence loss at all as far as what I think about them,” Brown said Wednesday. “I don’t care what anybody else thinks about them. I think we have a very talented football team. It’s about just putting the work in every single day to give us an opportunity to win.” The Bears are hoping to get an emotional boost from the first in-season firing of a head coach in franchise history. Over the last 10 seasons, teams with interim coaches are 13-11 in their first game with the new coach. Those teams had a .284 winning percentage at the time they fired their coaches. “I wouldn’t say a new voice was needed. I would say there was change that was needed," rookie quarterback Caleb Williams said, pointing to a need for more accountability and better communication. The Niners came into the season as the favorites to get back to the Super Bowl from the NFC after losing the title game to Kansas City last season. But a series of key injuries, bad losses and spotty play have left them in last place in the NFC West with only slim hopes of even reaching the postseason. San Francisco lost 38-10 to Green Bay and 35-10 to Buffalo in back-to-back weeks and lost star running back Christian McCaffrey to a knee injury last week that will sideline him for at least the rest of the regular season. The Niners already lost key players Brandon Aiyuk and Javon Hargrave to season-ending injuries and are preparing to be without stars Nick Bosa and Trent Williams for a third straight week. “It’s just been a rocky mountain for real with the injuries and other stuff we’ve had to go through this season,” receiver Deebo Samuel said. “Our record don’t show how really good we are as a team. We're still believing in this locker room.” Williams described Eberflus’ firing as “interesting” and “tough” and vowed to “roll with the punches” while insisting the chaos and turnover of the past few weeks could help him handle similar situations in the future. Just 12 games into his NFL career, the prized quarterback is on his second head coach and third offensive coordinator, though Brown will continue to call plays. How does he keep the faith that his career is in good hands with this organization? “The first part is understanding I can’t control,” Williams said. “Even if I understand or don’t understand, that doesn’t matter. I have to roll with the punches like I said before. I don’t control everything.” With McCaffrey and Jordan Mason injured, the Niners running game will turn to rookie Isaac Guerendo . The fourth-round pick has 42 carries for 246 yards and two TDs this season and will be making his second start in either college or the pros. Coach Kyle Shanahan said the progress Guerendo has made since training camp makes him ready for his new role as he sees him running with more “urgency.” “I think it takes guys some time,” Shanahan said. “You start to get a feel for it the more, if you’ve got the right stuff, the more you get reps, the more you can adjust to it. How hard you’ve got to hit stuff, how quick those holes close, how when there is a hole how you have to hit it full-speed and can’t hesitate at all or it closes like that. We’ve seen that stuff get better in practice and we’ve seen it carry over into games.” San Francisco's usually stout run defense has been anything but that this season. The Niners have struggled to slow down the opposition on the ground all year with the problem getting worse recently. The 49ers allowed 389 yards rushing the past two weeks. “It’s been so frustrating because I know what is supposed to look like,” linebacker Fred Warner said. “That’s not it.” Stopping the run also continues to be a sore spot for Chicago. The Bears rank 25th overall against the run and 29th in yards allowed per rush after another difficult outing last week. They gave up 194 yards, including 144 in the first half as the Lions grabbed a 16-0 lead. Losing veteran defensive tackle Andrew Billings to a torn pectoral muscle last month did not help. He was injured in a Week 9 loss at Arizona and is expected to miss the remainder of the season after having surgery. AP Sports Writer Andrew Seligman contributed to this report. AP NFL: https://apnews.com/hub/NFLFamous last words: thoughts from the big names we lost in 2024, from Maggie Smith to Brian MulroneyWould you pay $700 a night to sleep under the stars at this Colorado resort?
Los Angeles Chargers (7-4) at Atlanta (6-5) Sunday, 1 p.m. EST, CBS BetMGM NFL Odds: Chargers by 1 1/2 Series record: Falcons lead 8-4. Against the spread: Chargers 7-3-1, Falcons 5-6. Last meeting: Chargers beat Falcons 20-17 on Nov. 6, 2022, in Atlanta. Last week: Ravens beat Chargers, 30-23; Falcons had bye week following 38-6 loss at Denver on Nov. 17. Chargers offense: overall (21), rush (13), pass (20), scoring (18). Chargers defense: overall (13), rush (10), pass (10), scoring (13). Falcons offense: overall (8), rush (14), pass (5), scoring (16). Falcons defense: overall (25), rush (19), pass (26), scoring (26). Turnover differential: Chargers plus-8, Falcons minus-3. RB Gus Edwards could move up as the lead back for Los Angeles as J.K Dobbins (knee) is expected to miss the game . Edwards was activated from injured reserve earlier this month following an ankle injury and had nine carries for 11 yards with a touchdown in Monday night's 30-23 loss to Baltimore. WR Drake London has 61 catches, leaving him four away from becoming the first player in team history to have at least 65 receptions in each of his first three seasons. London has 710 receiving yards, leaving him 140 away from becoming the first player in team history with at least 850 in each of his first three seasons. Falcons RB Bijan Robinson vs. Chargers run defense. Robinson was shut down by Denver, gaining only 35 yards on 12 carries, and the Atlanta offense couldn't recover. The Chargers rank 10th in the league against the run, so it will be a challenge for the Falcons to find a way to establish a ground game with Robinson and Tyler Allgeier. A solid running attack would create an opportunity for offensive coordinator Zac Robinson to establish the play-action passes for quarterback Kirk Cousins. Dobbins appeared to injure his right knee in the first half of the loss to the Ravens, though coach Jim Harbaugh did not provide details. ... The Falcons needed the bye to give a long list of injured players an opportunity to heal. WR WR KhaDarel Hodge (neck) did not practice on Wednesday. WR Darnell Mooney (Achilles), CB Kevin King (concussion), DL Zach Harrison (knee, Achilles) and WR Casey Washington (concussion) were hurt in the 38-6 loss at Denver on Nov. 17 and were limited on Wednesday. CB Mike Hughes (neck), nickel back Dee Alford (hamstring), ILB Troy Andersen (knee), TE Charlie Woerner (concussion) and ILB JD Bertrand (concussion) also were limited on Wednesday after not playing against Denver. C Drew Dalman (ankle) could return. The Chargers have won the past three games in the series following six consecutive wins by the Falcons from 1991-2012. Los Angeles took a 33-30 overtime win in Atlanta in 2016 before the Chargers added 20-17 wins at home in 2020 and in Atlanta in 2022. The Falcons won the first meeting between the teams, 41-0 in San Diego in 1973. Each team has built its record on success against the soft NFC South. Atlanta is 4-1 against division rivals. Los Angeles is 2-0 against the NFC South this season. The Chargers have a four-game winning streak against the division. ... Atlanta is 0-2 against AFC West teams, following a 22-17 loss to Kansas City and the lopsided loss at Denver. They will complete their tour of the AFC West with a game at the Las Vegas Raiders on Dec. 16. ... The Falcons are the league's only first-place team with a negative points differential. Atlanta has been outscored 274-244. The loss of Dobbins, who has rushed for eight touchdowns, could put more pressure on QB Justin Hebert and the passing game. Herbert's favorite option has been WR Ladd McConkey, who has four TD receptions among his 49 catches for 698 yards. McConkey, the former University of Georgia standout who was drafted in the second round, could enjoy a productive return to the state against a Falcons defense that ranks only 26th against the pass. AP NFL: https://apnews.com/hub/nflMexico’s governors sign Sheinbaum pact to improve water use by industry
SANTA CLARA, Calif. (AP) — Once-promising seasons hit new lows for the Chicago Bears and San Francisco 49ers last week. Another late-game meltdown sent the Bears to their sixth straight loss and led to the firing of coach Matt Eberflus. The 49ers suffered their second straight blowout loss and more crushing injuries to go from Super Bowl contenders to outside the playoff picture in a matter of weeks. The two reeling teams will try to get back on track on Sunday when the Bears (4-8) visit the 49ers (5-7) in Chicago's first game under interim coach Thomas Brown . “I told them a minute ago after practice there is no confidence loss at all as far as what I think about them,” Brown said Wednesday. “I don’t care what anybody else thinks about them. I think we have a very talented football team. It’s about just putting the work in every single day to give us an opportunity to win.” The Bears are hoping to get an emotional boost from the first in-season firing of a head coach in franchise history. Over the last 10 seasons, teams with interim coaches are 13-11 in their first game with the new coach. Those teams had a .284 winning percentage at the time they fired their coaches. “I wouldn’t say a new voice was needed. I would say there was change that was needed," rookie quarterback Caleb Williams said, pointing to a need for more accountability and better communication. The Niners came into the season as the favorites to get back to the Super Bowl from the NFC after losing the title game to Kansas City last season. But a series of key injuries, bad losses and spotty play have left them in last place in the NFC West with only slim hopes of even reaching the postseason. San Francisco lost 38-10 to Green Bay and 35-10 to Buffalo in back-to-back weeks and lost star running back Christian McCaffrey to a knee injury last week that will sideline him for at least the rest of the regular season. The Niners already lost key players Brandon Aiyuk and Javon Hargrave to season-ending injuries and are preparing to be without stars Nick Bosa and Trent Williams for a third straight week. “It’s just been a rocky mountain for real with the injuries and other stuff we’ve had to go through this season,” receiver Deebo Samuel said. “Our record don’t show how really good we are as a team. We're still believing in this locker room.” Williams described Eberflus’ firing as “interesting” and “tough” and vowed to “roll with the punches” while insisting the chaos and turnover of the past few weeks could help him handle similar situations in the future. Just 12 games into his NFL career, the prized quarterback is on his second head coach and third offensive coordinator, though Brown will continue to call plays. How does he keep the faith that his career is in good hands with this organization? “The first part is understanding I can’t control,” Williams said. “Even if I understand or don’t understand, that doesn’t matter. I have to roll with the punches like I said before. I don’t control everything.” With McCaffrey and Jordan Mason injured, the Niners running game will turn to rookie Isaac Guerendo . The fourth-round pick has 42 carries for 246 yards and two TDs this season and will be making his second start in either college or the pros. Coach Kyle Shanahan said the progress Guerendo has made since training camp makes him ready for his new role as he sees him running with more “urgency.” “I think it takes guys some time,” Shanahan said. “You start to get a feel for it the more, if you’ve got the right stuff, the more you get reps, the more you can adjust to it. How hard you’ve got to hit stuff, how quick those holes close, how when there is a hole how you have to hit it full-speed and can’t hesitate at all or it closes like that. We’ve seen that stuff get better in practice and we’ve seen it carry over into games.” San Francisco's usually stout run defense has been anything but that this season. The Niners have struggled to slow down the opposition on the ground all year with the problem getting worse recently. The 49ers allowed 389 yards rushing the past two weeks. “It’s been so frustrating because I know what is supposed to look like,” linebacker Fred Warner said. “That’s not it.” Stopping the run also continues to be a sore spot for Chicago. The Bears rank 25th overall against the run and 29th in yards allowed per rush after another difficult outing last week. They gave up 194 yards, including 144 in the first half as the Lions grabbed a 16-0 lead. Losing veteran defensive tackle Andrew Billings to a torn pectoral muscle last month did not help. He was injured in a Week 9 loss at Arizona and is expected to miss the remainder of the season after having surgery. AP Sports Writer Andrew Seligman contributed to this report. AP NFL: https://apnews.com/hub/NFLThe Pittsburgh Steelers' offense was dormant until the fourth quarter of their win over the Cleveland Browns. Until they scored a touchdown in the fourth quarter, it had been seven quarters since the Steelers scored a touchdown. For the team, that is just about rock bottom, even if they sustained drives and have continued to sustain drives at a much higher clip this year than last season. The last time that Pittsburgh did not score a touchdown for over seven quarters was in 2018 and 2019 to round out that season. Between the end of their 2018 season and the start of their 2019 season, it took them over six quarters to get the ball into the end zone. During that stretch, Matt McCrane and Chris Boswell hit field goals. Pittsburgh would take until the next week to scratch that trend against the Seattle Seahawks. The Steelers waited over 100 minutes before scoring two touchdowns in just over a minute of game time in the fourth quarter against the Browns. They will have to hope that sparks them to wins, especially as the schedule gets even more daunting throughout the rest of the season. BETTING: Check out our guide to the best PA sportsbooks , where our team of sports betting experts has reviewed the experience, payout speed, parlay options and quality of odds for multiple sportsbooks. More Pittsburgh Steelers News NFL admits referees made correct call on controversial ruling in Steelers' loss to Browns Browns social media account takes shot at T.J. Watt after Steelers loss Pittsburgh Steelers' Justin Fields package has cloudy future in offense Super Bowl Champion rips Steelers’ Justin Fields package: ‘I don’t like it’ Former Pittsburgh Steelers first-round pick gets revenge in Browns win
Fadnavis’ obsession with ‘urban naxals’, and a lawless BeedUS stock indices pushed to fresh records Tuesday, shrugging off tariff threats from President-elect Donald Trump while European equities retreated. Trump, who doesn't take office until January 20, made his threat in social media posts Monday night, announcing huge import tariffs against neighbors Canada and Mexico and also rival China if they do not stop illegal immigration and drug smuggling. Both the Dow and S&P 500 notched all-time highs, with investors regarding the incoming president's words as a bargaining chip. "In theory, higher tariffs should not be good news for stocks. But, you know, I think the market's chosen to think of (it) as a negotiating tactic," said Steve Sosnick of Interactive Brokers. "You have bullish sentiment," said LBBW's Karl Haeling. "People are tending to look at things as positively as possible." But General Motors, which imports autos from Mexico to the United States, slumped 9.0 percent, while rival Ford dropped 2.6 percent. Overseas bourses were also buffeted by the news. European stocks followed losses in Asia, despite Trump excluding Europe as an immediate target for tariffs. "These are his first direct comments on tariffs and tariff levels since becoming president-elect, and they have roiled markets," said Kathleen Brooks, research director at XTB trading group, ahead of the Wall Street open. "It is early days, and there are plenty of opportunities for Trump to direct his attention to Europe down the line," Brooks added. The US dollar rallied against its Canadian equivalent, China's yuan and Mexico's peso, which hit its lowest level since August 2022. In other economic news, the Conference Board's consumer confidence index rose to 111.7 this month, up from 109.6 in October, boosted by greater optimism surrounding the labor market. "November's increase was mainly driven by more positive consumer assessments of the present situation, particularly regarding the labor market," said Dana Peterson, chief economist at The Conference Board. Pantheon Macroeconomics chief US economist Samuel Tombs added in a note that the increase in consumer confidence overall "likely was driven by euphoria among Republicans." "The index also jumped in late 2016, when Mr. Trump was elected for the first time," he said. Federal Reserve meeting minutes showed policy makers expect inflation to keep cooling, signaling a gradual approach to interest rate cuts if price increases ease further and the job market remains strong. New York - Dow: UP 0.3 percent at 44,860.31 (close) New York - S&P 500: UP 0.6 percent at 6,021.63 (close) New York - Nasdaq: UP 0.6 percent at 19,174.30 (close) London - FTSE 100: DOWN 0.4 percent at 8,258.61 (close) Paris - CAC 40: DOWN 0.9 percent at 7,194.51 (close) Frankfurt - DAX: DOWN 0.6 percent at 19,295.98 (close) Tokyo - Nikkei 225: DOWN 0.9 percent at 38,442.00 (close) Hong Kong - Hang Seng Index: FLAT at 19,159.20 (close) Shanghai - Composite: DOWN 0.1 percent at 3,259.76 (close) Euro/dollar: DOWN at $1.0482 from $1.0495 on Monday Pound/dollar: DOWN at $1.2567 from $1.2568 Dollar/yen: DOWN at 153.06 yen from 154.23 yen Euro/pound: DOWN at 83.41 pence from 83.51 pence Brent North Sea Crude: DOWN 0.3 percent at $72.81 per barrel West Texas Intermediate: DOWN 0.3 percent at $68.77 per barrel bur-jmb/st