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Stock market today: Wall Street slips as technology stocks drag on the market NEW YORK (AP) — Stocks slipped as Wall Street closes out a holiday-shortened week. The S&P 500 fell 1.3% Friday and the the Dow Jones Industrial Average lost 418 points, or 1%. The Nasdaq composite is down 1.8%. Technology stocks were the biggest drag on the market. The S&P 500 is still headed for its second consecutive annual gain of more than 20%, the first time that has happened since 1997-1998. Energy was the best-performing sector as oil prices rose more than 1%. In Asia, stocks in South Korea fell after the main opposition party voted to impeach the country’s acting leader. 10 tips from experts to help you change your relationship with money in 2025 NEW YORK (AP) — As the calendar changes to 2025, you might be thinking about how to approach your relationship with money in the new year. Whether you’re saving to move out of your parents’ house or pay off student loan debt, financial resolutions can help you stay motivated. If you’re planning to make financial resolutions for the new year, experts recommend that you start by evaluating the state of your finances in 2024. Then, set specific goals and make sure they’re attainable for your lifestyle. An online debate over foreign workers in tech shows tensions in Trump's political coalition WEST PALM BEACH, Fla. (AP) — An online spat between factions of Donald Trump’s supporters over immigration and the tech industry has thrown internal divisions in the president-elect’s political movement into public display. The argument previews fissures and contradictory views his coalition could bring to the White House. The rift laid bare tensions between the newest flank of Trump’s movement — that is, wealthy members of the tech world who want more highly skilled workers in their industry — and people in Trump’s Make America Great Again base who championed his hardline immigration policies. A 9th telecoms firm has been hit by a massive Chinese espionage campaign, the White House says WASHINGTON (AP) — A top White House official says a ninth U.S. telecoms firm has been confirmed to have been hacked as part of a sprawling Chinese espionage campaign that gave officials in Beijing access to private texts and phone conversations of an unknown number of Americans. Administration officials said this month that at least eight telecommunications companies, as well as dozens of nations, had been affected by the Chinese hacking blitz known as Salt Typhoon. But Anne Neuberger, a deputy national security adviser, said Friday that a ninth victim had been identified after the administration released guidance to companies about how to hunt for Chinese culprits in their networks. Most Americans blame insurance profits and denials alongside the killer in UHC CEO death, poll finds WASHINGTON (AP) — Most Americans believe health insurance profits and coverage denials share responsibility for the killing of UnitedHealthcare’s CEO — although not as much as the person who pulled the trigger. So says a new poll from NORC at the University of Chicago. It finds that about 8 in 10 Americans say that the person who committed the killing has “a great deal” or “a moderate amount” of responsibility for the Dec. 4 shooting of Brian Thompson. Still, some see suspect Luigi Mangione as a heroic figure. About 7 in 10 adults say coverage denials or health insurance profits also bear at least “a moderate amount” of responsibility for Thompson’s death. Another jackpot surpasses $1 billion. Is this the new normal? Remember this moment because it probably won’t last: A U.S. lottery jackpot is projected to soar above $1 billion, and that's still a big deal. Friday’s Mega Millions drawing is worth an estimated $1.15 billion. The prize has evoked headlines across the country, despite the nation's top 10 jackpots already having boasted billion-dollar payouts. Jonathan Cohen is the author of the book “For a Dollar and a Dream: State Lotteries in Modern America.” He says he expects jackpots to continue to grow in size. Larger payouts attract more media attention, increase ticket sales and bring in new players. How the stock market defied expectations again this year, by the numbers NEW YORK (AP) — What a wonderful year 2024 has been for investors. U.S. stocks ripped higher and carried the S&P 500 to records as the economy kept growing and the Federal Reserve began cutting interest rates. The benchmark index posted its first back-to-back annual gains of more than 20% since 1998. The year featured many familiar winners, such as Big Tech, which got even bigger as their stock prices kept growing. But it wasn’t just Apple, Nvidia and the like. Bitcoin and gold surged and “Roaring Kitty” reappeared to briefly reignite the meme stock craze. Richard Parsons, prominent executive who led Time Warner and Citigroup, dies at 76 NEW YORK (AP) — Richard Parsons, one of corporate America’s most prominent Black executives who held top posts at Time Warner and Citigroup, has died. He was 76. Parsons died Thursday at his Manhattan home. He was diagnosed with multiple myeloma in 2015 and cited “unanticipated complications” from the disease for cutting back on work a few years later. Financial services company Lazard confirmed his death. Parsons was a longtime member of the company's board. His friend Ronald Lauder told The New York Times that the cause of death was cancer. Parsons stepped down Dec. 3 from the boards of Lazard and Lauder’s company, Estée Lauder, citing health reasons. He had been on Estée Lauder’s board for 25 years. Israel strikes Houthi rebels in Yemen's capital while the WHO chief says he was meters away JERUSALEM (AP) — A new round of Israeli airstrikes in Yemen has targeted the Houthi rebel-held capital of Sanaa and multiple ports. The World Health Organization’s director-general said Thursday's bombardment took place just “meters away” as he was about to board a flight in Sanaa. He says a crew member was hurt. The strikes followed several days of Houthi attacks and launches setting off sirens in Israel. Israel's military says it attacked infrastructure used by the Houthis at the airport in Sanaa, power stations and ports. The Israeli military later said it wasn’t aware that the WHO chief was at the location in Yemen. At least three people were reported killed and dozens injured in the Sanaa airport strike. Holiday shoppers increased spending by 3.8% despite higher prices New data shows holiday sales rose this year even as Americans wrestled with still high prices in many grocery necessities and other financial worries. According to Mastercard SpendingPulse, holiday sales from the beginning of November through Christmas Eve climbed 3.8%, a faster pace than the 3.1% increase from a year earlier. The measure tracks all kinds of payments including cash and debit cards. This year, retailers were even more under the gun to get shoppers in to buy early and in bulk since there were five fewer days between Thanksgiving and Christmas. Mastercard SpendingPulse says the last five days of the season accounted for 10% of the spending. Sales of clothing, electronics and Jewelry rose.Trimble and Mallon sanctioned DUP ministers over rotation planpanalo999 app 。

Mumbai: India's top private thermal power producer, Adani Power , is exploring options of investing ₹20,000 crore to set up a coal-fired ultra-supercritical thermal power plant in Bihar, Pranav Adani, director at Adani Enterprises , said at the Bihar Business Connect Summit Friday. "We are also exploring investment avenues in Bihar's energy sector. Our plan is to invest around ₹20,000 crore to set up an ultra-supercritical thermal power plant," Pranav Adani said. He added that the company expects such a massive project to open up at least 12,000 jobs in the pre-commissioning phase - and also lead to around 1,500 skilled jobs during the operational phase. Adani Enterprises houses the group's incubation projects before they are transferred to operating companies. Adani Power is targeting to double its thermal power capacity to 30.67 GW by 2029-30 from the 15 GW currently. 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Although Bihar doesn't have coal mines, neighbouring states of Jharkhand and West Bengal produce ample coal. Adani added that in three sectors, logistics, gas distribution, and agri-logistics, Adani group has invested around ₹850 crore, creating 25,000 direct and indirect jobs. "We are now going to invest another ₹2,300 crore in these sectors. This investment will not only massively increase our warehousing and handling capacity and expand our presence in the EV, city gas distribution, and compressed biogas space but will also generate an additional 27,000 direct and indirect local job opportunities," added Adani. The group has already started work on its greenfield cement plant at Warisaliganj and now plans to invest another ₹2,500 crore in Bihar to set up a cement manufacturing capacity of 10 MMTPA in multiple phases, creating at least 9,000 direct and indirect jobs in the state. Pranav Adani added that the group was working closely with the state government to potentially invest another ₹1,000 crore in developing strategic infrastructure in the state, like Gati Shakti Railway Terminals, ICDs (Inland Container Depots) and Industrial Warehousing Parks. The Group also plans to invest ₹2,100 crore to manufacture and install over 2.8 million smart meters to automate power-consumption-monitoring in five cities - Siwan, Gopalganj, Vaishali, Saran, and Samastipur - and this will generate at least 4,000 local jobs in this technology segment, Adani said. Nominations for ET MSME Awards are now open. The last day to apply is December 15, 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 )

Nearly Three Million People will Arrive and Depart Charlotte Douglas International Airport During Christmas and Year End HolidayArticle content It was a huge year for the business of sport, with Caitlin Clark and the WNBA leading the charge in a game-changing year for women’s basketball. She’s not alone but she is clearly the poster child for the new economic reality for women’s team sports. Clark is making everyone around her wealthier. Explosive growth in media rights fees and overall revenues reaching the stage where several North American pro sports teams posted more than 30 per cent increases in franchise valuation, year-over-year. The television juggernaut that is the National Football League — which we’ve dubbed the new social network — closes out 2024 with an average franchise value of US$5.7 billion according to Forbes magazine. When your weakest links are still worth $4 billion and have grown by about 70 per cent since the pandemic, there’s no one to feel sorry for. That’s especially true when recent streaming deals will only drive more NFL revenue and audience in the years to come. Amazon Prime paid $100 million for the Black Friday stream last month while Netflix offered up $150 million for the NFL Christmas Day doubleheader that averaged 24 million, peaked at 27 million for a Beyonce half-time show and rallied more than 65 million unique viewers for at least part of the two games played on Wednesday of this week. Also having bullish years in 2024: Alternate telecasts, stadium design, podcasts and collectibles. More to come on those fronts in 2025. It was already an historically bad year for the Chicago White Sox, the Major League Baseball franchise that set an all-time mark for futility despite having the advantages of operating in the third largest market in the U.S. Yet leave it to the Chicago Bears of the NFL to give them a run for the money as one of the biggest losers in the business of sport this year. The Bears (6-3 losers to the Seattle Seahawks on Thursday Night Football this week) have now lost a record 10 straight games after starting the season at 4-2. Outside of deep playoff runs by the New York Yankees, New York Mets and New York Red Bulls, the Big Apple has been largely rotten in 2024. The biggest media market in North America has not one but two also-rans in the NFL (the 2-13 Giants in the NFC and the 4-11 Jets in the AFC), not to mention the New York Rangers, who are an absolute mess at the Christmas break despite being the second-richest franchise in the NHL according to both Forbes and Sportico. Meanwhile, the Oakland Athletics are no more after one of the messiest and protracted break ups in North American team sport. After more than two decades of on-again, off-again talks about a new stadium in Oakland finally collapsed, the Athletics will play in Sacramento for three seasons while they work with Las Vegas stakeholders to fund and construct a new ballpark at the site of the Tropicana Hotel. Once one of the most storied blue collar sport markets in North America, Oakland is now a shell of its former self, with the Golden State Warriors of the NBA now playing at the Chase Center in San Francisco, the Oakland Raiders in Las Vegas and the old California Seals long ago morphed into the Cleveland Barons, merged with the Minnesota North Stars and ultimately relocated to Dallas in 1993.

A recent LendingTree study uncovered some bad news for people behind the wheel in Massachusetts. The state was found to have the worst drivers in America, the site reported on December 2: From Nov. 5, 2023, through Nov. 4, 2024, Massachusetts drivers had 61.1 incidents (accidents, DUIs, speeding and citations) per 1,000 drivers. The next worst drivers are in Rhode Island (60.6) and California (55.0). ... Massachusetts also has the highest accident rate. Massachusetts — 44.4 accidents per 1,000 drivers — is the only state above 40.0. Rhode Island and California tie for second at 39.7 each. In January, CBS Boston reported Massachusetts was among one of the worst places to drive in America, citing a Wallethub survey that ranked states based on the cost for car maintenance, traffic, and infrastructure. Massachusetts ranked 45 out of 50, a reporter for the outlet said: CBS Boston did an in-depth report in 2019 about how the state’s driving test is apparently one of the toughest in the nation. “Massachusetts’ road test is one of the most difficult ones. They’re very, very strict,” the co-owner of a local driving school said: In May 2016, Breitbart News reported that a survey of more than 65,000 Instagram posts found that the number one road rage city in America is Los Angeles, California: Researchers found a whopping 5,183 Instagram users in the Los Angeles area who had used the hashtag #RoadRage. New York City came in second place, just ahead of Mount Pleasant, North Carolina. According to Auto Insurance Center’s data, social media users experience #RoadRage the most during the month of August. The summer months typically see more cars on the road, as family vacations and road trips are at peak levels. July is the second-most ferocious month for American drivers, followed by October and March, which tied for third place. It is important to highlight that the recent LendingTree study said, “One good thing for Massachusetts is its speeding-related incident rate. At a rate of just 1.3, it ties with New Jersey for the fifth-lowest speeding-related incident rate.”

ABUJA – The Federal Republic of Nigeria has expressed concern over the escalating post-election violence in the Republic of Mozambique, and called on all aggrieved political players in that country to explore legal redress to resolve their political differences. Reports said the violence erupted especially in the Capital City of Maputo, and other major cities like Beira, and Nampula, which has reportedly resulted in the death of over 121 persons and over 380 injured. According to reports, the violent protests erupted after the Constitutional Council confirmed Daniel Chapo of the Mozambique Liberation Front (FRELIMO) as the winner of the presidential election with 65% of the vote and the results were rejected by the leader of the opposition party. Nigeria Federal Government through its Ministry of Foreign Affairs on Friday in Abuja called for calm even as it sent condolences to the families of victims and the country. The statement signed by Kimiebi Imomotimi Ebienfa, Acting Spokesperson of the Ministry, reads in parts: “Therefore, the Federal Government of Nigeria calls for calm and advises the aggrieved political players to explore appropriate legal means to seek redress. “Our thoughts are with the Government of the Republic of Mozambique and the families of all those affected by the dreadful crisis.”