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In conclusion, the recent drop in the 7-day annualized yield of money market funds below 1.5% reflects the significant impact of the downward adjustment of interbank deposit rates. Investors should stay informed about the evolving interest rate environment and be prepared to adjust their investment portfolios accordingly to optimize returns and mitigate risks in the current market conditions.Blake's career receiving day helps Charlotte beat FAU 39-27
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Title: Zhao Lusi Comforts Bullied Fans: Spreading Warmth and Strength
Moreover, the use of personal data to create targeted advertising campaigns raises serious privacy concerns. With the recent spotlight on data privacy and the growing demand for stricter regulations on the collection and usage of user data, this agreement between Google and Meta has come under intense scrutiny.The U.S. stock market posted another week of strong performance, with major large-cap indices such as the S&P 500, the Dow Jones and the Nasdaq 100 extending their record highs. Technology and consumer discretionary sectors led the gains, driven by several mega-cap tech giants – Apple Inc. AMZN , Amazon.com Inc. AMZN and Meta Platforms Inc. META – hitting new peaks. In November, the U.S. labor market showed robust signs of recovery, with nonfarm payrolls rising by 227,000, up sharply from an upwardly revised 36,000 in October and above expectations of 220,000. The unemployment rate inched up to 4.2%, as expected, while average hourly earnings slightly exceeded forecasts. The University of Michigan’s consumer sentiment index revealed the most favorable overall conditions in seven months, bolstered by a significant rise in the current economic conditions subindex. Yet, the survey also highlighted growing concerns over inflation, with short-term inflation expectations rising. A relevant share of consumers reported advancing purchases of durable goods due to fears of accelerating inflation in the future. Bitcoin BTC/USD dominated economic and financial headlines, surging above $100,000 for the first time ever on Wednesday. What You Might Have Missed Stellantis CEO Departs Stellantis N.V. STLA ' Carlos Tavares exited, intensifying market concerns after a 50% value drop in 2024. Leadership uncertainty now threatens recovery, with analysts warning of escalating challenges in a highly competitive automotive industry landscape. Bitcoin Caution Advised A veteran trader urged caution on aggressive Bitcoin and equity longs amid rising market volatility. The warning highlights the importance of prudent risk management and strategic positioning in an unpredictable cryptocurrency landscape. Top Santa Stocks There are 10 S&P 500 stocks that historically excel in December's second half. These consistent performers leverage the Santa Rally effect, presenting investors with strong year-end opportunities for potential portfolio growth. Prominent Trader Drops Tesla Short A prominent trader exited his Tesla TSLA short position, citing a shift in fundamentals and Elon Musk 's evolving relationship with President-elect Donald Trump . Tesla shares are up 41% year-to-date, with analysts growing bullish. Powell On Bitcoin Fed Chair Jerome Powell likened Bitcoin to gold, describing it as virtual and digital. His remarks underline Bitcoin's growing status as a speculative asset and a store of value in the evolving financial ecosystem. Read Next: Strong November Jobs Report Could Signal Slower Interest Rate Cuts Ahead, Experts Say Image created using artificial intelligence via Midjourney. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
MONTEVIDEO, Uruguay (AP) — The European Union reached a blockbuster free trade agreement Friday with Brazil, Argentina and the three other South American nations in the Mercosur trade alliance, capping a quarter-century of on-off negotiations even as France vowed to derail the contentious accord . Provided it is ratified, the accord would create one of the world’s largest free trade zones, covering a market of 780 million people that represents nearly a quarter of global gross domestic product. The accord’s proponents in Brussels say it would save businesses some $4.26 billion in duties each year, slashing red tape and removing tariffs on products like Italian wine, Argentine steak, Brazilian oranges and German Volkswagens. Its critics in France, the Netherlands and other countries with big dairy and beef industries say the pact would subject local farmers to unfair competition and cause environmental damage . From Uruguay, the host of the Mercosur summit, European Commission President Ursula von der Leyen hailed the deal as a “truly historic milestone” at a time when global protectionism is on the rise. “I know that strong winds are blowing in the opposite direction, toward isolation and fragmentation, but this agreement is our clear response,” von der Leyen said, an apparent reference to U.S. President-elect Donald Trump’s vows to protect American workers and goods. Under pressure from his country’s powerful and vocal farming lobby, French President Emmanuel Macron said Friday the deal remained “unacceptable” as it stands and stressed that governments have not yet seen “the final outcome” of negotiations. “The agreement has neither been signed nor ratified. This is not the end of the story,” Macron’s office said, adding that France demands additional safeguards for farmers and commitments to sustainable development and health controls. For France to block the deal, it would need the support of three or more other EU member states representing at least 35% of the bloc’s population. The French government, which has been rallying countries to oppose the pact, named Austria, Belgium, Italy, the Netherlands and Poland as other wary states that share French concerns about the deal. To take effect, the pact must also be endorsed by the European Parliament. In remarks aimed at her “fellow Europeans,” and perhaps in particular French skeptics, von der Leyen promised the accord would boost 60,000 businesses through lower tariffs , streamlined customs procedures and preferential access to raw materials otherwise supplied by China. “This will create huge business opportunities,” von der Leyen said. She then turned to address European farmers who fear that an influx of cheap food imports will jeopardize their livelihoods. South American countries do not have to adhere to the same standards for animal treatment and pesticide use. “We have heard you, listened to your concerns, and we are acting on them,” von der Leyen said. Outrage over environmental rules, rising costs and unregulated imports has unleashed massive farmers’ protests across the continent over the past year. Leaders on both sides of the Atlantic who long have pushed for the deal praised the announcement Friday, welcoming the results as a boon for export industries. It marks the first major trade agreement for Mercosur, which is comprised of Argentina, Brazil, Uruguay, Paraguay and, newly, Bolivia. The bloc had previously only managed to conclude free-trade deals with Egypt, Israel and Singapore. “An important obstacle to the agreement has been overcome,” said Chancellor Olaf Scholz of Germany, where the nation’s vaunted car industry is poised to profit. From Spain, Prime Minister Pedro Sánchez called the agreement “an unprecedented economic bridge.” At the Mercosur summit in Uruguay’s capital of Montevideo, Brazil’s President Luiz Inacio Lula da Silva praised “a modern and balanced text which recognizes Mercosur’s environmental credentials.” “We are securing new markets for our exports and strengthening investment flows,” he said. The Brazilian Trade and Investment Promotion Agency said it expects the pact to boost the nation’s Europe-bound exports by $7 billion. Libertarian President Javier Milei of Argentina described the accord as aligning with his free market principles. Argentines are excited about selling more beef and agricultural products in the EU. The deal is the product of 25 years of painstaking negotiations , dating back to a Mercosur summit in Rio de Janeiro in 1999. Talks collapsed over differences in economic priorities , regulatory standards and agricultural policies. The rise of protectionist tendencies also repeatedly upended hopes. Momentum picked up in 2016, as former President Trump imposed harsh tariffs on Europe. At the same time, market-friendly governments came to power in South America’s biggest economies, Brazil and Argentina, which had been closed for years. In June 2019, negotiators announced a deal that included provisions for tariff reductions and commitments to environmental standards. But it was never implemented. In Brazil, the region’s economic powerhouse, right-wing former President Jair Bolsonaro in Brazil, presided over record levels of deforestation in the Amazon , prompting EU governments to demand tougher sustainability criteria . In Argentina, a new left-wing protectionist government opposed the deal. But things picked up as the region’s politics shifted again in 2023. Brazil’s President Lula rode to power on pledges to rein in illegal logging , soothing concerns that the pact could accelerate deforestation . Argentina’s Milei is working to open the nation’s notoriously closed and crisis-stricken economy. But if past EU trade agreements are any indication, ratification could take years. “We celebrate it, but it’s still far from reality,” Milei said of the accord. In 2016, the EU and Canada signed a pact, known as the Comprehensive Economic and Trade Agreement, or CETA, but the approval process is still lumbering along. Germany’s parliament only signed off on that pact two years ago, and the French Senate rejected it in March this year . “Anyone with any memory is skeptical,” said Brian Winter, a vice president of the New York-based Council of the Americas. “They have trotted out leaders and declared victory and celebrated, and yet there always seems to be a hitch.” DeBre reported from Buenos Aires, Argentina. Associated Press writers Mauricio Savarese in São Paulo, David Biller in Rio de Janeiro, Lorne cook in Brussels and Sylvie Corbet in Paris contributed to this report.Bettors boost bankrolls banking on NFL disparity
In response to the incident, local authorities have vowed to step up efforts to combat human trafficking and exploitation in the region. They have called on members of the community to remain vigilant and report any suspicious activities or individuals to the authorities.The world approved a bitterly negotiated climate deal Sunday committing wealthy historic polluters to $300 billion annually for poor and vulnerable nations that had demanded far more to confront the crisis of global warming. After two exhaustive weeks of chaotic bargaining and sleepless nights, nearly 200 nations banged through the contentious finance pact in the early hours beneath a sports stadium roof in Azerbaijan. Nations had struggled to reconcile long-standing divisions over climate finance. Sleep-deprived diplomats, huddled in anxious groups, were still revising the final phrasing on the plenary floor before the deal passed. At points, the talks appeared on the brink of collapse, with developing nations storming out of meetings and threatening to walk away should rich nations not cough up more cash. In the end -- despite repeating that no deal is better than a bad deal -- they did not stand in the way of an agreement, despite it falling well short of what they want. The final deal commits developed nations to pay at least $300 billion a year by 2035 to help developed countries green their economies and prepare for worse disasters. That is up from $100 billion now provided by wealthy nations under a commitment set to expire -- and from the $250 billion proposed in a draft Friday. That offer was slammed as offensively low by developing countries, which have demanded at least $500 billion to build resilience against climate change and cut emissions. A number of countries have accused Azerbaijan, an authoritarian oil and gas exporter, of lacking the experience and will to meet the moment, as the planet again sets temperature records and faces rising deadly disasters. Wealthy countries and small island nations have also been concerned by efforts led by Saudi Arabia to water down calls from last year's summit to phase out fossil fuels. The United States and EU have wanted newly wealthy emerging economies like China -- the world's largest emitter -- to chip in. The final draft encouraged developing countries to make contributions on a voluntary basis, reflecting no change for China which already pays climate finance on its own terms. Wealthy nations said it was politically unrealistic to expect more in direct government funding. Donald Trump, a sceptic of both climate change and foreign assistance, returns to the White House in January and a number of other Western countries have seen right-wing backlashes against the green agenda. The deal posits a larger overall target of $1.3 trillion per year to cope with rising temperatures and disasters, but most would come from private sources. bur-np-sct/lth/jj
Cam Carter put LSU ahead for good with a jumper 1:08 into the third overtime and the Tigers came away with a wild 109-102 win over UCF on Sunday in the third-place game of the Greenbrier Tip-Off in White Sulphur Springs, W.Va. Carter's make sparked a 5-0 spurt for LSU (5-1), which mounted a ferocious second-half rally that began after Darius Johnson drilled a 3-pointer to put the Knights up 52-34 with 12:57 to play in regulation. UCF (4-2) got back within two in the third overtime, but it never found a way to draw even. Vyctorius Miller and Jordan Sears sealed the victory, combining for three buckets down low that gave the Tigers a 106-99 cushion with 17 seconds remaining. Carter was the late-game hero for LSU, scoring the final four points of regulation to forge a 70-70 tie. He also knocked down a go-ahead 3-pointer with 3:19 left in the first extra session to give the Tigers a 76-75 advantage. Sears gave LSU a four-point edge with a triple of his own with 2:10 to go, but the Tigers failed to stay in front, and UCF's Keyshawn Hall kept the game going by sinking two free throws with six seconds remaining to make it 82-82. Neither team led by more than three in the second overtime, with Hall again coming to the Knights' rescue. He made two layups in the final 52 seconds of the frame to knot things at 93 and send the teams to a third OT. Few could have predicted 15 minutes of extra basketball after UCF put together a 25-3 first-half run that lifted it to a 38-18 advantage with 2:12 left until the break. LSU responded with seven unanswered points, but the Knights still led comfortably, 40-25, at intermission. Sears finished with a game-high-tying 25 points to go along with nine boards, while Jalen Reed recorded a 21-point, 13-rebound double-double for the Tigers. Carter netted 20 points, Miller had 16 and Dji Bailey chipped in 14. Johnson collected 25 points, six rebounds, eight assists and five steals for UCF. Hall totaled 21 points and 10 boards, and Jordan Ivy-Curry supplied 20 points. LSU outshot UCF 43.2 percent to 40.7 percent and had narrow advantages from behind the arc (12 made shots to 10) and the free-throw line (21-18). --Field Level Media
Insurgents reach gates of Syria’s capital, threatening to upend decades of Assad ruleA leaked video clip shows the CEO of UnitedHealth Group asking employees to not speak to reporters about the assassination of company executive Brian Thompson, claiming that coverage of the killing was "frankly, offensive." "My strong advice and request to everybody is: just don't engage with the media," Andrew Witty said during an apparent virtual meeting. "If you're approached, I would recommend not responding, and if necessary, simply refer them to our own media organization." Witty said there was "no value in engaging with the media, and as you've seen, people are writing things we simply don't recognize, are aggressive, inappropriate and disrespectful." He also claimed that there's been "a huge amount of misinformation and, frankly, offensive communication." "There's no value in engaging with the media," United Health CEO tells employees in internal video leaked to me. Watch the full video here: https://t.co/ySDtxk6gN6 pic.twitter.com/V6s9QXC6ny It's unclear what coverage sparked Witty's remarks but multiple reports have highlighted how social media users responded to Thompson's slaying Wednesday in New York City by expressing outrage over health insurance policies that limit coverage and care . Thompson was the CEO of UnitedHealthcare, which is the largest U.S. health insurer, provides benefits to more than 50 million Americans and made $16.4 billion in profits on $281.4 billion in revenue last year, according to Reuters . Thompson was killed before an annual investor meeting at which he was set to announce this year's revenues would reach $450 billion to $455 billion. Thompson received $10.2 million in compensation last year and Witty, who runs UnitedHealthcare's $560 billion parent company, received $23.5 million. Witty's pay package was 352 times the median salary of a UnitedHealth employee and made him the nation's highest-paid health insurance CEO, according to S&P Global . The video clip of his remarks was posted Friday on Substack by independent journalist Ken Klippenstein, who said the recording was made earlier in the day. Klippenstein also said the company's spokespeople didn't respond when given "an opportunity to tell their side of the story" and referred to them as "paid flacks who only comment on things when it's in their interests to do so." UnitedHealth Group didn't immediately respond to a request for comment Saturday from the Latin Times. UnitedHealth Group's stock price fell about 10% in the wake of Thompson's slaying and closed Friday at $549.62 a share. Originally published by Latin TimesTitle: Ferdinand: Manchester United's Absurd Practice of Cutting Ordinary Employees While Retaining Underperforming Players
Despite the draw, Reed acknowledged that there were areas for improvement and learning opportunities for the team. "We will analyze the match and see where we can do better. There are always things we can work on, but overall, I'm proud of how we performed today," he added. The midfielder's positive outlook and determination to keep progressing are indicative of Fulham's growth and development as a team.
Paveletzke's 23 lead Ohio past Morehead State 88-76In conclusion, the plight of the Chinese community in Syria serves as a stark reminder of the devastating impact of conflict and war on innocent civilians. As they stockpile supplies and prepare to flee on fishing boats, their resilience and determination in the face of adversity are truly admirable. It is imperative that the international community takes urgent action to protect the lives and well-being of all those caught in the crossfire of the conflict in Syria and ensure a peaceful resolution to the crisis.NO.lsufbvanderbilt.112424_9381 MJ.JPG
As the sun sets on another day, let us take a moment to reflect on the fragility of life and the importance of cherishing every moment. For in a world where uncertainty lurks around every corner, it is our connections and memories that truly endure. Rest in peace, Emily White, may your adventurous spirit guide us through the darkest of nights.In recent years, the Spring Festival Gala has been expanding its cultural diversity by including more international acts and performances. This year, the organizing committee has announced that 6 language programs will be participating in the review process for the Gala. These programs, which represent different languages and cultures, will bring a unique and global perspective to the show.The resolution has also reignited debates about the role of the judiciary and law enforcement in South Korea. Questions have been raised about the independence and impartiality of the country's legal institutions, as well as the extent to which political considerations influence the course of justice. In a democratic society, the separation of powers and the proper functioning of checks and balances are essential to preserving the rule of law and safeguarding the rights of all citizens.