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The bullish sentiment in the market can be attributed to a combination of factors, including positive economic data, corporate earnings reports, and a general sense of optimism surrounding the global economy. With such a large number of stocks hitting their daily limit up, it is clear that investor confidence is sky-high, fueling a buying frenzy that shows no signs of slowing down.
NonePeak XV, Bisque Offload Awfis Shares Worth INR 606 CrReiterates Commitment to Investing in America to Lower Grocery Prices, Raise Associate Wages, and Support Local Communities Highlights Resilience of Value Creation Model and Strong Momentum to Drive Long-term, Sustainable Growth Board of Directors Authorizes $7.5B Share Repurchase Program including $5B Accelerated Share Repurchase CINCINNATI , Dec. 11, 2024 /PRNewswire/ -- The Kroger Co. (NYSE: KR ) today terminated its merger agreement with Albertsons after the U.S. District Court for the District of Oregon granted the Federal Trade Commission's request for a preliminary injunction to block the proposed merger. After reviewing options, the company determined it is no longer in its best interests to pursue the merger. "Kroger is moving forward from a position of strength. Our go-to-market strategy provides exceptional value and unique omnichannel experiences to our customers which powers our value creation model. We look forward to accelerating our flywheel to grow our alternative profit businesses and generate increased cash flows. The strength of our balance sheet and sustainability of our model allows us to pursue a variety of growth opportunities, including further investment in our store network through new stores and remodels, which will be an important part of our 8 – 11% TSR model over time," said Rodney McMullen , Kroger's Chairman and CEO. America's Grocer is Committed to Lowering Grocery Prices & Investing in Associates "Kroger has an extraordinary track record of investing in America," said McMullen. "We are at our best when we serve others – our customers, associates, and communities – and we take seriously our responsibility to provide great value by consistently lowering prices and offering more choices. When we do this, more customers shop with us and buy more groceries, which allows us to reinvest in even lower prices, a better shopping experience and higher wages. We know this model works because we've been doing it successfully for many years, and this is exactly what we will continue to do." Kroger's ongoing investments in America include: $5 billion in lower prices since 2003 $2.4 billion in incremental wage increases on top of industry-leading benefits since 2018, a 38% increase in average hourly rate, while growing opportunities for a largely unionized grocery workforce $3.6 - $3.8 billion in annual capital investments to build new and remodel stores, food processing and other facilities, improve the customer experience and create additional job opportunities $2.3 billion to support local communities through charitable giving since 2017, including $1.5 billion to feed hungry families "I appreciate our associates who remained focused on taking care of our customers, communities and each other throughout the merger process," added McMullen. Share Repurchase Program Including Accelerated Share Repurchases Now that Kroger has terminated the merger agreement, the company is ready to deploy its capacity. With its strengthened balance sheet, Kroger will resume share repurchases after a more than two-year pause. Since announcing the merger, Kroger used its strong free cash flow and debt financing to build meaningful balance sheet capacity while maintaining its investment-grade rating. Kroger's Board of Directors approved a new share repurchase program authorizing the repurchase of up to $7.5 billion of common stock. The new repurchase authorization replaces Kroger's existing $1 billion authorization which was approved in September 2022 . Kroger intends to enter an accelerated share repurchase ("ASR") agreement for the repurchase of approximately $5 billion of common stock. "Our strong balance sheet and free cash flows position us to deliver on our commitment to grow the business and return capital to shareholders, maintaining capacity to invest in lower prices and higher associate wages," McMullen said. Kroger expects to continue to generate strong free cash flow and remains committed to its capital allocation priorities including maintaining its current investment grade debt rating, investing in the business to drive long-term sustainable net earnings growth, and returning excess free cash flow to shareholders via share repurchases and a growing dividend over time, subject to board approval. Looking forward, Kroger plans to host an Investor Day event in late spring of 2025 to share an update on its strategic priorities, future growth prospects and long-term financial outlook. Merger Debt Redemption In connection with the termination of the merger agreement, Kroger will begin the process of redeeming the $4.7 billion of its senior notes issued on August 27, 2024 , that include a special mandatory redemption provision in accordance with their terms. The notes will be redeemed at a redemption price equal to 101% of their principal amount, plus accrued and unpaid interest to, but excluding, the special mandatory redemption date. Termination of Exchange Offers In connection with the termination of the merger agreement, Kroger has also elected to terminate its previously announced offers to exchange (collectively, the "Exchange Offers") any and all outstanding notes (the "ACI Notes") issued by Albertsons Companies, Inc., New Albertsons, L.P., Safeway Inc., Albertson's LLC, Albertsons Safeway LLC and American Stores Company, LLC (collectively, the "ACI Issuing Entities"), for up to $7,441,608,000 aggregate principal amount of new notes to be issued by Kroger and cash. Kroger has also elected to terminate the related solicitation of consents (the "Consent Solicitation" and, together with the Exchange Offer, the "Exchange Offer and Consent Solicitation") on behalf of the ACI Issuing Entities to adopt certain proposed amendments to the indentures governing the ACI Notes (the "ACI Indentures"). As a result of the Exchange Offer being terminated, the total consideration, including any consent fee, will not be paid or become payable to holders of the ACI Notes who have validly tendered and not validly withdrawn their ACI Notes for exchange in the Exchange Offer, and the ACI Notes validly tendered and not validly withdrawn for exchange pursuant to the Exchange Offer will be promptly returned to the tendering holders. As a result of the Consent Solicitation being terminated, the proposed amendments to the ACI Indentures and the supplemental indentures previously entered into reflecting such proposed amendments will not become operative. About the Exchange Offers Global Bondholder Services Corporation served as exchange agent and information agent for the now terminated Exchange Offer and Consent Solicitation. You should direct questions and requests for assistance to Global Bondholder Services Corporation at (855) 654-2015 (toll-free) or (212) 430-3774 (banks and brokers), or by email at [email protected] . About Kroger At The Kroger Co. (NYSE: KR ), we are dedicated to our Purpose: to Feed the Human SpiritTM. We are, across our family of companies nearly 414,000 associates who serve over eleven million customers daily through a seamless digital shopping experience and retail food stores under a variety of banner names , serving America through food inspiration and uplift, and creating #ZeroHungerZeroWaste communities. To learn more about us, visit our newsroom and investor relations site. Forward Looking Statements This press release contains certain statements that constitute "forward-looking statements" about Kroger's financial position and the future performance of the company. These statements are based on management's assumptions and beliefs in light of the information currently available to it. Such statements are indicated by words or phrases such as "achieve," "committed," "confidence," "continue," "deliver," "expect," "future," "guidance," "model," "outlook," "strategy," "target," "trends," "well-positioned," and variations of such words and similar phrases. Various uncertainties and other factors could cause actual results to differ materially from those contained in the forward-looking statements. These include the specific risk factors identified in "Risk Factors" in our annual report on Form 10-K for our last fiscal year and any subsequent filings, as well as the following: Kroger's ability to achieve sales, earnings, incremental FIFO operating profit, and adjusted free cash flow goals may be affected by: the termination of the merger agreement and our proposed transaction with Albertsons and related divestiture plan; labor negotiations; potential work stoppages; changes in the unemployment rate; pressures in the labor market; changes in government-funded benefit programs; changes in the types and numbers of businesses that compete with Kroger; pricing and promotional activities of existing and new competitors, and the aggressiveness of that competition; Kroger's response to these actions; the state of the economy, including interest rates, the inflationary, disinflationary and/or deflationary trends and such trends in certain commodities, products and/or operating costs; the geopolitical environment including wars and conflicts; unstable political situations and social unrest; changes in tariffs; the effect that fuel costs have on consumer spending; volatility of fuel margins; manufacturing commodity costs; supply constraints; diesel fuel costs related to Kroger's logistics operations; trends in consumer spending; the extent to which Kroger's customers exercise caution in their purchasing in response to economic conditions; the uncertainty of economic growth or recession; stock repurchases; changes in the regulatory environment in which Kroger operates, along with changes in federal policy and at regulatory agencies; Kroger's ability to retain pharmacy sales from third party payors; consolidation in the healthcare industry, including pharmacy benefit managers; Kroger's ability to negotiate modifications to multi-employer pension plans; natural disasters or adverse weather conditions; the effect of public health crises or other significant catastrophic events; the potential costs and risks associated with potential cyber-attacks or data security breaches; the success of Kroger's future growth plans; the ability to execute our growth strategy and value creation model, including continued cost savings, growth of our alternative profit businesses, and our ability to better serve our customers and to generate customer loyalty and sustainable growth through our strategic pillars of fresh, our brands, personalization, and seamless; the successful integration of merged companies and new strategic collaborations; and the risks relating to or arising from our proposed nationwide opioid litigation settlement, including our ability to finalize and effectuate the settlement, the scope and coverage of the ultimate settlement and the expected financial or other impacts that could result from the settlement. Our ability to achieve these goals may also be affected by our ability to manage the factors identified above. Our ability to execute our financial strategy may be affected by our ability to generate cash flow. Kroger assumes no obligation to update the information contained herein unless required by applicable law. Please refer to Kroger's reports and filings with the Securities and Exchange Commission for a further discussion of these risks and uncertainties. SOURCE The Kroger Co.
Despite the unconventional nature of their arrangement, Zhang insisted that he never forced the woman to stay with him and that she was free to leave at any time. He claimed that she had chosen to remain under his care out of gratitude and a sense of belonging. Reports indicated that he even organized a wedding banquet for her, a gesture symbolizing their bond and commitment to each other.That displeasure tracks with the bipartisan uproar in Washington that ignited over the president's about-face. The survey found that a relatively small share of Americans "strongly" or "somewhat" approve of the pardon, which came after the younger Biden was convicted on gun and tax charges. About half said they "strongly" or "somewhat" disapprove, and about 2 in 10 neither approve nor disapprove. The Democratic president said repeatedly that he would not use his pardon power for the benefit of his family, and the White House continued to insist, even after Republican Donald Trump's election win in November, that Biden's position had not changed — until it suddenly did. "I know it's not right to believe politicians as far as what they say compared to what they do, but he did explicitly say, 'I will not pardon my son,'" said Peter Prestia, a 59-year-old Republican from Woodland Park, New Jersey, just west of New York City, who said he strongly disagreed with the move. "So, it's just the fact that he went back on his word." In issuing a pardon Dec. 1, Biden argued that the Justice Department had presided over a "miscarriage of justice" in prosecuting his son. The president used some of the same kind of language that Trump does to describe the criminal cases against him and his other legal predicaments. White House press secretary Karine Jean-Pierre said it was a decision that Biden struggled with but came to shortly before he made the announcement, "because of how politically infected these cases were" as well as "what his political opponents were trying to do." The poll found that about 4 in 10 Democrats approve of the pardon, while about 3 in 10 disapprove and about one-quarter did not have an opinion or did not know enough to say. The vast majority of Republicans and about half of independents had a negative opinion. For some, it was easy to see family taking priority over politics. "Do you have kids?" asked Robert Jenkins, a 63-year-old Democrat who runs a lumber yard and gas station in Gallipolis, Ohio. "You're gonna leave office and not pardon your kid? I mean, it's a no-brainer to me." But Prestia, who is semiretired from working for a digital marketing conglomerate, said Biden would have been better off not making promises. "He does have that right to pardon anybody he wants. But he just should have kept his mouth shut, and he did it because it was before the election, so it's just a bold-faced lie," Prestia said. Despite the unpopularity of his decision, the president's approval rating has not shifted meaningfully since before his party lost the White House to Trump. About 4 in 10 Americans "somewhat" or "strongly" approve of the way Biden is handling his job as president, which is about where his approval rating stood in AP-NORC polls since January 2022. Still, the pardon keeps creating political shock waves, with Republicans, and even some top Democrats, decrying it. Older adults are more likely than younger ones to approve of Biden's pardoning his son, according to the poll, though their support is not especially strong. About one-third of those ages 60 and older approve, compared with about 2 in 10 adults under 60. The age divide is driven partially by the fact that younger adults are more likely than older ones to say they neither approve nor disapprove of the pardon or that they do not know enough to say. About 6 in 10 white adults disapprove of the pardon, compared with slightly less than half of Hispanic adults and about 3 in 10 Black adults. Relatively large shares of Black and Hispanic Americans — about 3 in 10 — were neutral, the poll found. "Don't say you're gonna do something and then fall back," said Trinell Champ, 43, a Democrat from Nederland, Texas, who works in the home health industry and said she disapproved of the pardon. "At the end of the day, all you have is your word." Champ, who is Black, voted for Democratic Vice President Kamala Harris over Trump. "I just had my hopes up for her, but I wasn't 100% positive," she said. Champ also said she does not approve of Biden's handling of the presidency and thinks the country is on the wrong track. "While he was in office, I felt like I really didn't see a lot of changes," she said. "I just felt like everything just kind of stayed the same," Champ said. Overall, though, the pardon did not appear to be a driving factor in many Americans' assessment of Biden's job performance. The share of Black Americans who approve of the way he is handling his job as president did fall slightly since October, but it is hard to assess what role the pardon may have played.
NEW YORK (AP) — The virtual president-elect of the United States, Donald Trump , threatened on Monday to impose new tariffs on Mexico, Canada, and China as soon as he takes office, as part of his plans to combat illegal immigration and drug trafficking. He said he would impose a 25% tax on all products entering the country from Canada and Mexico , and an additional 10% tariff on goods from China, as one of his first decrees. PUBLICIDAD If implemented, tariffs could drastically increase prices of everything in the United States, from gasoline and cars to agricultural products. The United States is the world's largest importer of goods, with Mexico, China, and Canada being its top three suppliers, according to the most recent data from the US Census. PUBLICIDAD Trump made the threats in a series of posts on his Truth Social social media platform, where he complained about the arrival of unauthorized migrants, even though border crossings at the southern border have remained close to their lowest level in the past four years. "On January 20th, as one of my many first decrees, I will sign all the necessary documents to charge Mexico and Canada a 25% tariff on all products entering the United States, and their ridiculous open borders," he wrote, complaining that "thousands of people are crossing through Mexico and Canada, bringing crime and drugs to levels never seen before," even though violent crime has decreased since the peaks recorded during the pandemic." He said that the new tariffs would remain in effect "until we stop this invasion of drugs, particularly fentanyl, and all illegal foreigners entering our country." "Both Mexico and Canada have the absolute right and power to easily resolve this problem that has been simmering for a long time. Through this means, we demand that they use this power," he added, "and until they do, it is time for them to pay a very high price." Trump also lashed out against China, stating that he has "had many conversations with China about the huge amounts of drugs, particularly fentanyl, being sent to the United States, but with no results." "Until they stop, we will be charging China an additional tariff of 10%, on top of any additional tariffs, on all of their many products entering the United States of America," he wrote. The Chinese embassy in Washington warned on Monday that there will be losers everywhere if there is a trade war. "The economic and trade cooperation between China and the United States is mutually beneficial by nature," stated embassy spokesperson Liu Pengyu on the social network X. "No one will win a trade war or a tariff war." He added that China has taken measures in the past year to help stop drug trafficking. It is not clear whether Trump will actually carry out the threats or if he is using them as a negotiating tactic before taking office in the new year. Trump's nominee for Treasury Secretary, Scott Bessent —who, if confirmed, would be one of several officials responsible for imposing tariffs on other countries—has stated on several occasions that tariffs are a negotiating tool. He wrote in an opinion article on Fox News last week, before his nomination, that tariffs are "a useful tool for achieving the president's foreign policy objectives. Whether to get allies to spend more on their own defense, open foreign markets to U.S. exports, ensure cooperation in ending illegal immigration and intercepting fentanyl trafficking, or deter military aggression, tariffs can play a central role." Trump won the election largely due to voters' frustration with inflation, but the tariffs he threatens to impose could further increase prices of food, cars, and other goods. If inflationary pressures rise, the Federal Reserve may need to keep its benchmark interest rates high. Trump's threats are known as arrests for illegally crossing the southern border have been decreasing. The figures for October show that detentions remain near their lowest level in four years. The Border Patrol reported 56,530 arrests in October, less than a third of last year's October total. Meanwhile, arrests for illegally crossing the border from Canada have been increasing over the past two years. The Border Patrol made 23,721 arrests between October 2023 and September 2024, compared to 10,021 in the previous 12 months. More than 14,000 of those arrested at the Canadian border were Indians, over 10 times the number from two years ago. Last week, a jury found two men guilty on charges related to human trafficking for their role in an international operation that led to the death of an Indian migrant family who froze while attempting to cross the border between Canada and the United States during a snowstorm in 2022. Much of the fentanyl in the United States is smuggled from Mexico. Border seizures of the drug significantly increased during Joe Biden's presidency, with US officials tallying approximately 12,247 kilograms (21,900 pounds) of seized fentanyl in the fiscal year 2024, compared to 1,154 kilograms (2,545 pounds) in 2019 when Trump was president. If Trump were to go ahead with the threat of tariffs, the new taxes would pose a huge challenge for the economies of Canada and Mexico, in particular. The Canadian dollar weakened in the foreign exchange markets immediately after Trump's publication. During Trump's first term, his decision to renegotiate the North American Free Trade Agreement (NAFTA) and reports that he was considering a 25% tariff on the Canadian automotive sector were seen as an existential threat in Canada. Canada is one of the most trade-dependent countries in the world, and 75% of Canada's exports, including automobiles, go to the United States. Tariffs would also cast doubt on the reliability of the 2020 trade agreement negotiated largely by Trump, the USMCA, which replaced NAFTA and is scheduled for review in 2026. It is not clear how Trump would legally apply tariff increases to these two key trading partners of the United States, but the 2020 agreement allows for national security exceptions. Officials from the Trump transition team did not respond to questions at the moment about what authority would be used, what they would need to see to prevent the tariffs from being implemented, and how they would affect prices in the United States. When Trump imposed higher tariffs during his first term, other countries responded with their own tariffs. Canada, for example, announced billions of dollars in new tariffs in 2018 in response to U.S. tariffs on Canadian steel and aluminum. Many of the American products were chosen for their political impact rather than economic. For example, Canada only imports $3 million worth of yogurt from the United States annually, and most of it comes from a plant in Wisconsin, the home state of the then Speaker of the House, Paul Ryan, a Republican. That product was taxed with a 10% tariff. The Canadian government, in a joint statement by Deputy Prime Minister Chrystia Freeland and Minister of Public Safety Dominic Leblanc, emphasized the close relationship between both countries and stated that they will discuss the border and extensive economic ties with the incoming administration. "Canada gives top priority to border security and the integrity of our shared border. Our relationship today is balanced and mutually beneficial, especially for American workers," reads the statement. Freeland, who chairs a special cabinet committee on Canada-US relations to address concerns about another Trump presidency, has said that the president-elect's promise to launch a massive deportation operation and the possibility that this could lead to an influx of migrants to Canada is one of the main points to be analyzed by the committee. A senior Canadian official had said before Trump's publications that Canadian officials expect Trump to issue decrees on trade and the border as soon as he takes office. The official was not authorized to speak publicly and spoke on condition of anonymity. The Mexican Secretariats of Foreign Affairs and Economy have not yet commented on Trump's statements. Normally, such important matters are addressed by the president during her morning press conferences. Last week, a senior Chinese trade official said that higher tariffs on Chinese exports would be counterproductive by raising prices for American consumers. The Vice Minister of Commerce, Wang Shouwen, also stated that China can handle the impact of such “external shocks.”
For almost a decade, volunteers at the Ottawa Police Service have spearheaded the Purse Project to collect and distribute sanitary and hygiene products like pads, tampons, deodorant and shampoo to women who may not be able to afford them. This year the demand is greater than ever, but donations have been slow. Detective Dawn Neilly one of the co-organizers, has been part of the project since it started. “Your period is something that I think people are now starting to realize that it's necessary to manage. We have a lot of people who find themselves at a shelter or living on the street or maybe even they have like a fixed income but they need to supplement it by going to drop-in centres," Neilly said. "These items can cost you anywhere between $30 and $50 a month so it’s just one of those things that we just wanted to help out and see if you could just make it more accessible." The Ottawa Police Service will accept donations at 211 Huntmar Dr., 3343 St. Joseph Blvd. and 474 Elgin St. It also accepts donations at the following Shoppers Drug Mart locations: 174 Bank St., 702 Bank St., 1080 Bank St./Sunnyside, 181 Greenbank Rd. and 3781 Strandherd Dr. The Citron Hygiene warehouse located at 150-2855 Swansea Cres. is also a drop-off location, from Monday to Friday between 8:30 a.m. and 4:30 p.m. All items collected will be delivered by OPS to local area shelters including, but not limited to the Youville Centre, the St. Joe’s Women’s Centre, the Emily Murphy Non-Profit Housing Corporation, and la Maison d’amitié. If a monetary donation is easier, you can send an e-transfer to purseproject@ottawapolice.ca . the last day to donate is Dec. 1. Shopping Trends The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop. Read about us. 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Steinbach man charged with child luring: RCMP A 20-year-old man from Steinbach has been charged with child luring, and RCMP have released one of his social media handles to help identify more victims. Calgary TSB orders more training following incident involving plane in Calgary The Transportation Safety Board says an incident that involved a Westjet plane hitting the runway in Calgary earlier this year was connected to an issue with pilot training on a particular model of aircraft. 'We are a weak link': Canada's border security under the microscope following Trump tariff threat Canada’s border security has been thrust into the spotlight after president-elect Donald Trump threatened the country with a 25 per cent tariff on all goods, including energy coming into the U.S. LIVE | Alberta to announce actions against Ottawa's proposed emissions cap The Alberta government is hitting back at the proposed federal emissions cap Tuesday afternoon. Edmonton LIVE | Alberta to announce actions against Ottawa's proposed emissions cap The Alberta government is hitting back at the proposed federal emissions cap Tuesday afternoon. Alberta Premier Danielle Smith says Trump's border concerns are valid as tariffs loom Alberta Premier Danielle Smith says Donald Trump’s concerns about the border are valid, as the president-elect threatens sweeping tariffs on Canadian goods. Edmonton police officer charged with assault An Edmonton police officer has been charged with assault. Regina Charged dropped against ex Regina high school teacher accused of sexual exploitation of student A former Regina high school teacher accused of having a sexual relationship with a 15-year-old female student was acquitted on Tuesday of all five charges he faced, Regina’s Court of King’s Bench confirmed to CTV News. SJHL game postponed in Weyburn over ammonia leak A hockey game scheduled between the Yorkton Terriers and Weyburn Red Wings has been postponed due to a "mechanical issue." Defence-called expert says Regina chiropractor accused of sexual assault followed industry standards An expert called by Ruben Manz’s defence counsel testified the Regina-based chiropractor, who is facing several sexual assault charges, followed the industry standard of care when treating the complainants. Saskatoon Saskatoon man hospitalized after he was allegedly stabbed in the forehead A man has been taken to hospital after he was allegedly stabbed in the forehead early on Tuesday. City to begin removing snow piled up across city Now that most major streets have been cleared of snow throughout Saskatoon, city crews will begin removing the snow. City of Saskatoon spent $300,000 on Bus Rapid Transit rebrand The Canadian Taxpayer’s Federation is criticizing the City of Saskatoon for spending more than $300,000 to brand the city’s bus rapid transit system as Link. Vancouver B.C. court levies $4K fine, year-long ban for illegal fishing A British Columbia man was handed a $4,000 fine and a one-year fishing ban after he was caught using a gillnet to catch salmon outside of the legal fishing season. Man who stabbed stranger at Vancouver Tim Hortons released to halfway house: police Vancouver police are warning the public that a man convicted in the random stabbing of a stranger at a downtown Tim Hortons in 2022 will once again be living at a halfway house in the city. B.C. teen with avian flu remains in critical care, no other cases identified The teenager who is infected with the first human case of H5N1 avian influenza acquired in Canada remains in critical care at BC Children’s Hospital, officials said Tuesday. Vancouver Island B.C. court levies $4K fine, year-long ban for illegal fishing A British Columbia man was handed a $4,000 fine and a one-year fishing ban after he was caught using a gillnet to catch salmon outside of the legal fishing season. Man who stabbed stranger at Vancouver Tim Hortons released to halfway house: police Vancouver police are warning the public that a man convicted in the random stabbing of a stranger at a downtown Tim Hortons in 2022 will once again be living at a halfway house in the city. B.C. premier says Canada will negotiate from 'position of strength' on US tariff British Columbia Premier David Eby said Canada had to approach Donald Trump's plan to impose a 25 per cent U.S. tariff on Canadian goods from a position of strength, as business, trade and community organizations called for quick action on the trade threat. Kelowna Man in hospital following targeted shooting in Kamloops Police are appealing for information on a targeted shooting that resulted in the hospitalization of a man in Kamloops. Police cleared of fault in fatal 2023 crash in B.C.'s Interior British Columbia's independent police watchdog has cleared officers of wrongdoing in a crash where three people were killed south of Kamloops in July of last year. B.C. woman sentenced for stealing $14K in funds raised for schoolkids A B.C. woman who stole more than $14,000 in volunteer-raised funds that were supposed to be spent on school supplies and programs – including hot meals for vulnerable kids – won't spend any time in jail. Stay Connected
Upgrade your gaming rig with this $129 Acer 31-inch monitorDETROIT (AP) — If Donald Trump makes good on his threat to slap 25% tariffs on everything imported from Mexico and Canada, the price increases that could follow will collide with his campaign promise to give American families a break from inflation. Economists say companies would have little choice but to pass along the added costs, dramatically raising prices for food, clothing, automobiles, booze and other goods. The president-elect floated the tariff idea, including additional 10% taxes on goods from China, as a way to force the countries to halt the flow of illegal immigrants and drugs into the U.S. But his posts Monday on Truth Social threatening the tariffs on his first day in office could just be a negotiating ploy to get the countries to change behavior. High food prices were a major issue in voters picking Trump over Vice President Kamala Harris, but tariffs almost certainly would push those costs up even further. For instance, the Produce Distributors Association, a Washington trade group, said Tuesday that tariffs will raise prices for fresh fruit and vegetables and hurt U.S. farmers when other countries retaliate. “Tariffs distort the marketplace and will raise prices along the supply chain, resulting in the consumer paying more at the checkout line,” said Alan Siger, association president. Mexico and Canada are two of the biggest exporters of fresh fruit and vegetables to the U.S. In 2022, Mexico supplied 51% of fresh fruit and 69% of fresh vegetables imported by value into the U.S., while Canada supplied 2% of fresh fruit and 20% of fresh vegetables. Before the election, about 7 in 10 voters said they were very concerned about the cost of food, according to AP VoteCast, a survey of more than 120,000 voters. “We’ll get them down,” Trump told shoppers during a September visit to a Pennsylvania grocery store. The U.S. is the largest importer of goods in the world, with Mexico, China and Canada its top three suppliers, according to the most recent U.S. Census data. People looking to buy a new vehicle likely would see big price increases as well, at a time when costs have gone up so much they are out of reach for many. The average price of a new vehicle now runs around $48,000. About 15% of the 15.6 million new vehicles sold in the U.S. last year came from Mexico, while 8% crossed the border from Canada, according to Global Data. Much of the tariffs would get passed along to consumers, unless automakers can somehow quickly find productivity improvements to offset them, said C.J. Finn, U.S. automotive sector leader for PwC. That means even more consumers “would potentially get priced out,” Finn said. Hardest hit would be Volkswagen, Stellantis, General Motors and Ford, Bernstein analyst Daniel Roeska wrote Tuesday in a note to investors. “A 25% tariff on Mexico and Canada would severely cripple the U.S. auto industry,” he said. The tariffs would hurt U.S. industrial production so much that “we expect this is unlikely to happen in practice,” Roeska said. The tariff threat hit auto stocks on Tuesday, particularly shares of GM, which imports about 30% of the vehicles it sells in the U.S. from Canada and Mexico, and Stellantis, which imports about 40% from the two countries. For both, about 55% of their lucrative pickup trucks come from Mexico and Canada. GM stock lost almost 9% of its value, while Stellantis dropped nearly 6%. It's not clear how long the tariffs would last if implemented, but they could force auto executives to move production to the U.S., which could create more jobs in the long run. However, Morningstar analyst David Whiston said automakers probably won't make any immediate moves because they can't quickly change where they build vehicles. Millions of dollars worth of auto parts flow across the borders with Mexico and Canada, and that could raise prices for already costly automobile repairs, Finn said. The Distilled Spirits Council of the U.S. said tariffs on tequila or Canadian whisky won’t boost American jobs because they are distinctive products that can only be made in their country of origin. In 2023, the U.S. imported $4.6 billion worth of tequila and $108 million worth of mezcal from Mexico and $537 million worth of spirits from Canada, it said. “Tariffs on spirits products from our neighbors to the north and south are going to hurt U.S. consumers and lead to job losses across the U.S. hospitality industry,” it added. Electronics retailer Best Buy said on its third-quarter earnings conference call that it runs on thin profit margins, so while vendors and the company will shoulder some increases, Best Buy will have to pass tariffs to customers. “These are goods that people need, and higher prices are not helpful,” CEO Corie Barry said. Walmart also warned this week that tariffs could force it to raise prices. Tariffs could trigger supply chain disruptions as people buy goods before they are imposed and companies seek alternate sources of parts, said Rob Handfield, a professor of supply chain management at North Carolina State University. Some businesses might not be able to pass on the costs. “It could actually shut down a lot of industries in the United States. It could actually put a lot of U.S. businesses out of business,” he said. Canadian Prime Minister Justin Trudeau, who talked with Trump after his call for tariffs, said they had a good conversation about working together. "This is a relationship that we know takes a certain amount of working on and that’s what we’ll do,” Trudeau said. Trump's threats come as arrests for illegally crossing the border from Mexico have been falling . But arrests for illegally crossing the border from Canada have been rising over the past two years. Much of America’s fentanyl is smuggled from Mexico, and seizures have increased. Trump has sound legal justification to impose tariffs, even though they conflict with a 2020 trade deal brokered in large part by Trump with Canada and Mexico, said William Reinsch, senior adviser at the Center for Strategic and International Studies and a former Clinton administration trade official. The treaty, known as the USMCA, is up for review in 2026. In China’s case, he could simply declare Beijing hasn't met obligations under an agreement he negotiated in his first term. For Canada and Mexico, he could say the influx of migrants and drugs are a national security threat, and turn to a section of trade law he used in his first term to slap tariffs on steel and aluminum. The law he would most likely use for Canada and Mexico has a legal process that often takes up to nine months, giving Trump time to seek a deal. If talks failed and the duties were imposed, all three countries would likely retaliate with tariffs on U.S. exports, said Reinsch, who believes Trump's tariffs threat is a negotiating ploy. U.S. companies would lobby intensively against tariffs, and would seek to have products exempted. Some of the biggest exporters from Mexico are U.S. firms that make parts there, Reinsch said. Longer term, Mary Lovely, a senior fellow at the Peterson Institute for International Economics, said the threat of tariffs could make the U.S. an “unstable partner” in international trade. “It is an incentive to move activity outside the United States to avoid all this uncertainty,” she said. Trump transition team officials did not immediately respond to questions about what he would need to see to prevent the tariffs from being implemented and how they would impact prices in the U.S. Mexican President Claudia Sheinbaum suggested Tuesday that Mexico could retaliate with tariffs of its own. Sheinbaum said she was willing to talk about the issues, but said drugs were a U.S. problem. ___ Rugaber reported from Washington. AP reporters Dee-Ann Durbin in Detroit, Stan Choe and Anne D'Innocenzio in New York, and Rob Gillies in Toronto contributed to this report.
What starts as a clash of egos and culinary skills soon evolves into a complex and compelling relationship, characterized by a delicate balance of sweetness and torment. As Li Jia and Zhang Wei navigate the turbulent waters of their intertwined destinies, they must confront their own inner demons and overcome the obstacles that threaten to tear them apart.The U.S. Supreme Court has allowed a multibillion-dollar class action lawsuit to proceed against Meta, the parent company of Facebook. This lawsuit stems from the infamous Cambridge Analytica scandal, where personal data from millions of Facebook users was misused. The Court’s decision marks a major step for investors who allege Meta failed to disclose the risks of data misuse and its impact on their investments. Meta’s Legal Setback: What Happened? In a significant ruling on Friday, the Supreme Court dismissed Meta’s appeal, clearing the way for the class action lawsuit to move forward. The case revolves around claims that Meta misled investors about the risks of Facebook’s user data being exploited by the political consulting firm Cambridge Analytica. The Cambridge Analytica Scandal: A Quick Recap Cambridge Analytica gained access to the personal data of about 87 million Facebook users, which was then used to target voters during the 2016 U.S. presidential campaign. The firm had ties to Steve Bannon, a key strategist for Donald Trump’s campaign. It paid a Facebook app developer to harvest data that was later used for political advertising, sparking widespread privacy concerns. Investors Claim Meta Misled Them Investors argue that Meta did not adequately inform them about the potential risks to the company’s financial health caused by the misuse of user data. They contend that the company’s failure to disclose this issue led to substantial financial losses. By allowing this class action lawsuit to proceed, the Supreme Court has set the stage for a high-stakes legal battle that could have significant implications for Meta. Ongoing Legal Battles: Meta’s Struggles Aren’t Over This case is part of a broader wave of legal challenges facing major tech companies. The Supreme Court is also deliberating over another class action lawsuit involving Nvidia. Investors in Nvidia claim the company misrepresented its reliance on cryptocurrency mining, a volatile market that impacted its financial performance. MUST READ: P utin Declares Ukraine Conflict a Global War, Promises Decisive Response
In an exclusive interview with Liverpool's official website, midfielder Jordan Henderson opened up about Salah's mindset during this challenging period. Henderson, who has been a close friend and teammate of Salah for several years, revealed that the Egyptian forward has remained upbeat and content within the team despite the ongoing contract disputes.PWHL Roundup: Charge rout Fleet, Frost edge Sirens in pre-season play
CLEVLEAND — Shane Bieber's comeback with Cleveland has double meaning. The former Cy Young winner re-signed with the Guardians on Wednesday, a reunion that seemed unlikely when he became a free agent. However, the 29-year-old Bieber decided to stay with the AL Central champions after making just two starts in 2024 before undergoing Tommy John surgery. Bieber agreed last week to a one-year, $14 million contract. The deal includes a $16 million player option for 2026. It seemed like a long shot that Bieber, who is 62-32 with a 3.22 ERA in 132 starts, would return to Cleveland. He had turned down long-term offers in the past from the club, and it was expected he would sign with another contender, likely one on the West Coast. But the California native has a special connection with the Guardians, who selected him in the fourth round of the 2016 draft. Bieber, who won the AL Cy Young in the pandemic-shortened 2020 season, threw only 12 innings last season before lingering issues with his elbow forced him to have surgery. He is expected to join Cleveland's rotation at some point in 2025. A two-time All-Star, Bieber was named MVP of the midsummer event in 2019 when it was held in Cleveland. He has the highest strikeout ratio per nine innings (10.2) and third-highest winning percentage (.660) in the franchise's 124-year history. Bieber is one of just three Cleveland pitchers to start five season openers, joining Stan Coveleski (1917-21) and Corey Kluber (2015-19). While Bieber had some elbow issues in the past, he didn't show any issues before being shut down. He struck out 11 in six scoreless innings against Oakland on March 28, and followed that up with six more shutout innings at Seattle on April 2. DALLAS — Pitchers again dominated the big league phase of the Rule 5 draft at the winter meetings, comprising 11 of the 15 unprotected players who were picked Wednesday. The 121-loss Chicago White Sox had the first pick and selected 24-year-old right-hander Shane Smith from the Milwaukee Brewers organization. Smith was an undrafted free agent out of Wake Forest when he was signed by Milwaukee in July 2021. The 6-foot-4, 235-pounder has gone 13-7 with a 2.69 ERA and 203 strikeouts over 157 innings in 19 starts and 54 relief appearances over three minor league seasons. There were 14 teams who made picks in the major league portion of the Rule 5 draft of players left off 40-man rosters after several minor league seasons. Only Atlanta made two selections, after making none since 2017. Atlanta chose right-hander Anderson Pilar from the Miami Marlins with the 11th pick, and then took infielder Christian Cairo from the Cleveland Guardians with the 15th and final pick in the MLB portion. The 26-year-old Pilar was original signed by Colorado as a minor league free agent in 2015 and has pitched in 213 minor league games that included 17 starts. He is 28-20 with a 2.86 ERA. Teams pay $100,000 to take a player in the major league portion. The players must stay on the big league roster all of next season or clear waivers and be offered back to their original organization for $50,000. Six of the 10 players selected during the Rule 5 draft last December — five of them right-handed pitchers — remained last season with organization that selected them. Two of the four position players taken Wednesday by other teams came from the Detroit Tigers organization: catcher Liam Hicks and third baseman Gage Workman. Miami drafted second after Colorado passed making a selection, and took Hicks. Workman was taken by the Chicago Cubs with the 10th pick. Baltimore lost two right-handed pitchers on back-to-back picks, Juan Nunez to San Diego with the 12th pick before Connor Thomas went to Milwaukee. DALLAS — Tom Hamilton, who has called Cleveland games on the radio for 35 seasons, won the Hall of Fame’s Ford C. Frick Award for excellence in broadcasting on Wednesday. Hamilton, 70, joined the team's broadcast in 1990, when he was with Herb Score in the booth and part of the coverage of their World Series appearances in 1995 and 1997. Hamilton became the voice of the franchise when Score retired after that second World Series. Hamilton will be honored during the Hall of Fame’s induction weekend from July 25-28 in Cooperstown, New York. He was selected the hall's Frick Award 16-member committee as the 49th winner. There were 10 finalists on this year's ballot, whose main contributions came as local and national voices and whose careers began after, or extended into, the Wild Card era. The other nine were Skip Caray, Rene Cardenas, Gary Cohen, Jacques Doucet, Ernie Johnson Sr., Mike Krukow, Duane Kuiper, Dave Sims and John Sterling. DALLAS — The Texas Rangers acquired slugging corner infielder Jake Burger from the Miami Marlins on Wednesday in a trade for three minor league players. Burger hit .250 with 29 home runs and 76 RBIs in 137 games for the Marlins last season, with 150 strikeouts in 535 at-bats with 31 walks. He started 59 games at third base and made 50 starts at first. Five days of service time short of being eligible for salary arbitration this offseason, he will be eligible next winter and can become a free agent after the 2028 World Series. Miami got infielders Max Acosta and Echedry Vargas and left-handed pitcher Brayan Mendoza. The acquisition of Burger comes about a month after the Rangers hired former Marlins manager Skip Schumaker as a senior adviser for baseball operations. Luis Urueta, Miami's bench coach the past two seasons, also was added recently to manager Bruce Bochy's on-field coaching staff for 2025. BRIEFLY WHITE SOX: Mike Tauchman is switching sides in Chicago. The White Sox announced a $1.95 million, one-year contract for the outfielder. Tauchman, 34, grew up in Palatine, Illinois, about 35 miles northwest of Chicago, and played college ball for Bradley in Peoria, Illinois. He spent the previous two seasons with the Cubs. TRADE: All-Star left-hander Garrett Crochet was acquired by the Boston Red Sox from the Chicago White Sox for four prospects. Catcher Kyle Teel, infielder Chase Meidroth, right-hander Wikelman Gonzalez and outfielder Braden Montgomery are headed to Chicago. Get local news delivered to your inbox!
