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LAS VEGAS (AP) — Brett Howden scored his 15th goal of the season and Ilya Samsonov stopped 31 shots as the Vegas Golden Knights defeated the Calgary Flames 3-0 on Sunday night. Howden redirected defenseman Alex Pietrangelo’s shot from the top of the slot late in the second period and is now tied with Ivan Barbashev for the team lead in goals. Howden has scored a goal in four of the last five games. Victor Olofsson and Tanner Pearson also scored for the Golden Knights, who have shut out Calgary twice this season, beating them 5-0 on Oct. 28 . Dan Vladar made 34 saves for Calgary. The Golden Knights have now won six straight, the longest active win streak in the NHL, while improving to 25-8-3 on the year. They own a 13-2-1 record against Pacific Division opponents. Calgary (17-12-7) dropped to 4-4-1 against Pacific Division teams. Calgary: The Flames played in their fourth back-to-back set following Saturday’s 3-1 win in San Jose. Calgary is 3-1-0 in game one of a back-to-back scenario and dropped to 1-3-0 in game two of back-to-backs. Vegas: The Golden Knights scored twice in the third period and now boast a league-best plus-30 goal differential in the third period. Spanning the end of the first period and into the second period, the Golden Knights were successful in staving off a Calgary power play, which included a 5-on-3 for roughly a minute after Howden was given a double-minor for a high stick to Jonathan Huberdeau’s head. Samsonov stopped five shots during the entire sequence. 200 — Jack Eichel played in his 200th game as a Golden Knight, while Bruce Cassidy coached his 200th game with Vegas. The Flames host Vancouver on Tuesday. Vegas will host Montreal on Tuesday. AP NHL: https://apnews.com/hub/nhl
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US President-elect Donald Trump has described the 2023 debt ceiling extension agreed by then House Speaker Kevin McCarthy and President Joe Biden as " one of the dumbest political decisions made in years." Under the 2023 budget deal Congress suspended the debt ceiling until January 1, 2025. The US Treasury will be able to pay its bills for several months beyond that deadline, but Congress will have to address the issue, possibly around mid-year. In a post on Truth Social, Trump said, "The extension of the Debt Ceiling by a previous Speaker of the House, a good man and a friend of mine ... will go down as one of the dumbest political decisions made in years." He added, "The Democrats must be forced to take a vote on this treacherous issue NOW, during the Biden Administration, and not in June. They should be blamed for this potential disaster, not the Republicans!" Republicans, however, will control both chambers of Congress beginning on January 3 and at least some of the party's lawmakers would have to go along with a debt limit increase or elimination in order for it to become law. Without the 2023 debt limit increase, the United States would have seen a historic default on its debt payments that would have roiled financial markets worldwide. A debt default would also likely have brought a downgrade in the US credit rating, raising borrowing costs for businesses and individuals. At the time, several far-right Republicans in the House of Representatives had pushed for deeper federal spending cuts as a condition for raising the debt limit than what had been negotiated. About a week ago, with US government discretionary funding due to expire on December 20, Trump, encouraged by billionaire Elon Musk, demanded the debt limit either be eliminated or extended, possibly to 2029 when his presidency would end. That idea was tacked onto an extension of government funding into March, but it was quickly voted down by a coalition of House Democrats and hard-right Republicans, many of whom represent districts in Trump-leaning states. A government-funding bill without a debt-limit provision was then enacted into law. Next month, Republicans in the newly-elected Congress are expected to insist on deep federal spending cuts as a condition for raising the country's borrowing limit. Democrats earlier this month argued Trump's call for an immediate increase or elimination of the debt limit was motivated by his desire to make room for a new round of tax cuts that likely would lower revenues and thus add more to the debt. The national debt currently stands at about $36.1 trillion due to federal spending levels and tax cuts that have been enacted into law over several decadesNew York (CNN) — Los Angeles Times owner Patrick Soon-Shiong, who blocked the newspaper’s endorsement of Kamala Harris and plans to overhaul its editorial board, says he will implement an artificial intelligence-powered “bias meter” on the paper’s news articles to provide readers with “both sides” of a story. Soon-Shiong, the biotech billionaire who acquired the Times in 2018, told CNN political commentator Scott Jennings — who will join the Times’ editorial board — that he’s been “quietly building” an AI meter “behind the scenes.” The meter, slated to be released in January, is powered by the same augmented intelligence technology that he’s been building since 2010 for health care purposes, Soon-Shiong said. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.
The Dow Jones Industrial Average (DJIA) lurched into the high side on Monday, kicking the new trading week off with a fresh record high just a hair below the 44,800 handle. Investors bid up prices on rumors that the ongoing conflict between Israel and Hezbollah in Lebanon may have a ceasefire deal on the table. Closer to home, investors turned further bullish after pending president-elect Donald Trump tapped Scott Bessent as his future Treasury secretary when he returns to the White House in January. Investors hit the gas pedal on news that former President Donald Trump will pick Scott Bessent as his Treasury secretary. Scott Bessent is the founder of Key Square Group and a former partner at Soros Fund Management, making Bessent an odd choice for an incoming president who has routinely courted corners of the voting public laden with anti-Soros conspiracy theories.Investors hit the gas pedal on news that former President Donald Trump will pick Scott Bessent as his Treasury secretary. Scott Bessent is the founder of Key Square Group and a former partner at Soros Fund Management, making Bessent an odd choice for an incoming president who has routinely courted corners of the voting public laden with anti-Soros conspiracy theories. Despite equity markets rallying hard on the prospect of incoming President Donald Trump tapping a hedge fund manager for a federal oversight position, a notably bullish appointment for the equity field in general, former President Donald Trump’s track record of making dubious staff picks remains unchallenged: the Key Square Group’s fund performance has a notably volatile history. According to reporting from Reuters, institutional investors have fled Key Square Group in recent years, with the macro-focused hedge fund peaking over $5 billion in AUM in late 2017 and tumbling to a 2024 low of barely over $500 million. Despite Key Square Group opening its doors with seed funding from Soros Capital, Soros has reportedly withdrawn all funding from Bennet’s fund and now has no exposure to the investment vehicle. Although US officials dampening expectations and noting that a ceasefire deal hasn't been officially reached, markets are still optimistic that the geopolitical situation in the Middle East might stabilize later . According to an X (née Twitter) post from an AXIOS reporter, A US-proposed truce between Israel and Lebanon that would see Israeli troops withdraw from South Lebanon is set to be voted on, and presumably approved, by both sides in the coming days. Despite an overall uptick in investor sentiment on the prospect of cooling Middle East instability, Crude markets took a hard hit on the news, with West Texas Intermediate (WTI) US Crude Oil backsliding nearly 3% on Monday to $69/barrel. Dow Jones news Despite an early-week bid pin into a new record high, the Dow Jones is settling into a more reasonable stance for Monday, still trading on the high side but easing back from a record high near 44,800. Two-thirds of the major equity index are finding gains on the day, with the remaining third stuck on the red side of the day’s opening line. Nvidia (NVDA) missed out on Monday’s bullish push, falling another 3.3% and backsliding into $137 per share as investors continue to rebalance their sky-high expectations of the chipmaker. Despite reporting annual revenue growth figures north of 90% last week, bidders in the amorphous AI-tech rally expected more, and are balking at the prospect of Nvidia’s future revenue growth easing from 2025’s 112% forecast to a comparatively sluggish 49% in 2026. Dow Jones price forecast The Dow Jones’ Monday bid into a fresh record high near 44,800 has left the blue-chip index back on the high side of a near-term bull run, shrugging off a recent dip into the low well before any bearish technical could form. The Dow Jones is up nearly 19% bottom-to-top in 2024, and up an eye-watering 32% since daily candlesticks last touched the 200-day Exponential Moving Average (EMA) way back in November of 2023 near the 33,800 region. Dow Jones daily chart Risk sentiment FAQs In the world of financial jargon the two widely used terms “risk-on” and “risk off'' refer to the level of risk that investors are willing to stomach during the period referenced. In a “risk-on” market, investors are optimistic about the future and more willing to buy risky assets. In a “risk-off” market investors start to ‘play it safe’ because they are worried about the future, and therefore buy less risky assets that are more certain of bringing a return, even if it is relatively modest. Typically, during periods of “risk-on”, stock markets will rise, most commodities – except Gold – will also gain in value, since they benefit from a positive growth outlook. The currencies of nations that are heavy commodity exporters strengthen because of increased demand, and Cryptocurrencies rise. In a “risk-off” market, Bonds go up – especially major government Bonds – Gold shines, and safe-haven currencies such as the Japanese Yen, Swiss Franc and US Dollar all benefit. The Australian Dollar (AUD), the Canadian Dollar (CAD), the New Zealand Dollar (NZD) and minor FX like the Ruble (RUB) and the South African Rand (ZAR), all tend to rise in markets that are “risk-on”. This is because the economies of these currencies are heavily reliant on commodity exports for growth, and commodities tend to rise in price during risk-on periods. This is because investors foresee greater demand for raw materials in the future due to heightened economic activity. The major currencies that tend to rise during periods of “risk-off” are the US Dollar (USD), the Japanese Yen (JPY) and the Swiss Franc (CHF). The US Dollar, because it is the world’s reserve currency, and because in times of crisis investors buy US government debt, which is seen as safe because the largest economy in the world is unlikely to default. The Yen, from increased demand for Japanese government bonds, because a high proportion are held by domestic investors who are unlikely to dump them – even in a crisis. The Swiss Franc, because strict Swiss banking laws offer investors enhanced capital protection.House rejects Democratic efforts to force release of Matt Gaetz ethics report
Woj settling into new job as Bonnies GMFormer BBC News journalist Rory Cellan-Jones said the Parkinson’s community “felt absolutely left out in the cold”, after being honoured at Buckingham Palace. The broadcaster’s former technology correspondent, 66, was formally made an OBE by the Princess Royal for his services to journalism on Wednesday. Cellan-Jones announced in 2019 that he had been diagnosed with Parkinson’s and he has since contributed to a podcast, Movers And Shakers, discussing life with the disease. Discussing the success of the podcast, which also features Jeremy Paxman, Cellan-Jones told the PA news agency: “It’s been an absolute scream. “We’ve had the most extraordinary reaction from the Parkinson’s community. “There is a community which felt absolutely left out in the cold and this award was for services to journalism, but I can’t help but think that maybe that played some part too.” Cellan-Jones said he talked to Anne about fundraising for Parkinson’s and how technology could possibly be used to monitor the disease. The journalist added: “She showed real interest in it. “Mike Tindall, whose father’s got it, is very active in fundraising – so we talked about that.” Cellan-Jones said the OBE was “very unexpected when it came”, adding that he felt “very privileged”. He said his rescue dog from Romania, named Sophie, was “making slow progress” after becoming a social media sensation with thousands of people following her recovery online. Speaking at Buckingham Palace, Cellan-Jones said several courtiers had asked after Sophie, adding: “She’s still incredibly nervous. She’s waiting at home, she wouldn’t have liked it here – a bit too busy. “She’s making slow progress, but she’s wonderful, and she’s been very important to us.” Earlier on Wednesday, broadcaster Alan Yentob, 77, was formally made a Commander of the Order of the British Empire (CBE) by the King for services to the arts and media. The retired television executive, who was born in Stepney, London, joined the BBC as a trainee in 1968. He devised the flagship arts programme Imagine..., which he presented on, and was creative director of the broadcaster from 2004 until 2015. Yentob stepped down from the role in the wake of the collapse of the charity Kids Company, where he was chairman. The broadcaster said Charles had been “incredibly supportive” of him. Discussing Charles, Yentob told the PA news agency: “He’s been incredibly supportive, as I said to him, on many fronts, including the fact that I was the chairman of Kids Company, and he was incredibly supportive of that in the most difficult times. “And I think the way he’s come out about his illness, and the way the Princess of Wales has too, has been admirable.” Yentob said it would be “reckless” to not support the BBC, adding “it’s a place which embraces everyone”. The broadcaster added: “If you look at the figures, it’s still doing well, even though a very substantial part of its income has been removed.” Roxy Music lead guitarist Phil Manzanera, 73, was formally made an OBE by the Princess Royal for his services to music. His most well-known band, featuring singer Bryan Ferry, is famed for hits such as Love Is The Drug and More Than This – topping the singles charts once with a cover of John Lennon’s Jealous Guy. Discussing the honour, Manzanera told the PA news agency: “It’s very moving and humbling to be amongst all these people who do absolutely incredible things. “But, obviously, I am very happy to get it for services to music and music production, because I think music helps us all in our lives in terms of improving the fabric of our lives, and it’s a great support for so many people.” The musician said he discussed his upbringing in South America and central America with Anne, having grown up in Colombia, Venezuela and Cuba. Manzanera said Anne told him that her father, Prince Philip, “once flew a Viscount plane to Caracas airport”. He said his upbringing was central to his musicianship, adding: “It’s in my DNA, the rhythms of South America. “And the musicians that we’ve all come to know through the Buena Vista Social Club were the kind of music that I started playing guitar with. “It wasn’t Bert Weedon’s Play in a Day for me, it was the music of Cuba.” Actress Shobna Gulati, 58, was formally made an MBE for services to the cultural industries, Scottish professional golfer Stephen Gallacher, 50, was made an MBE and former Arup deputy chairwoman Dervilla Mitchell, 66, received a damehood for services to engineering.
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Samsonov stops 31 shots as Golden Knights earn sixth straight win, 3-0 over the Flames