BOSTON (AP) — UConn coach Jim Mora pulled a move that would make Bill Belichick proud while preparing the Huskies to play the notoriously churlish former New England Patriot's next team in his old backyard. Mora and his players were more than 45 minutes late for what was scheduled as a 30-minute media availability a day before Saturday's Fenway Bowl against North Carolina. Mora then gave a non-apology straight out of Belichick’s playbook. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here . > 24/7 San Diego news stream: Watch NBC 7 free wherever you are U.S. markets take a breather The S&P 500 slipped 0.19%, the Dow Jones Industrial Average lost 0.55% and the Nasdaq Composite retreated 0.18% as traders await today's jobs report . Asia-Pacific markets traded mixed on Friday . India's Nifty 50 slipped around 0.1% on the country's interest rate decision, while Hong Kong's Hang Seng index climbed roughly 1.3%. India's central bank keeps rates The Reserve Bank of India on Friday left interest rates unchanged at 6.5% , as economists in a Reuters poll had expected. The central bank is balancing India's high inflation and a slowing economy: year-on-year prices rose 6.21% in October , while the country's fiscal third-quarter gross domestic product grew by a surprisingly low 5.4% from a year ago. What to expect from U.S. jobs report The U.S. nonfarm payrolls report for November is coming out later today. After the shockingly low 12,000 jobs added in October — largely attributed to factors like disruptions from hurricanes and strikes — economists polled by Dow Jones expect the U.S. economy to have added 214,000 jobs in November . The October number could also be revised higher. Crypto continues riding waves On Thursday, bitcoin smashed the $100,000 barrier — though it has since retreated from that level to around $98,100. With U.S. President-elect Donald Trump's announcement on Thursday that venture investor David Sacks will be the White House's "A.I. & Crypto Czar," investor sentiment toward bitcoin might get another boost. [PRO] Top global picks for 2025 Investment bank Macquarie is bullish on several Asian stocks for the next year. Those companies span sectors from automotive to defense and have a potential upside of at least 50% , according to the bank. Money Report European markets set to open lower as French political upheaval drags on UniCredit's Orcel could still sweeten his bid and take on a double M&A offensive The U.S., in terms of its economy and financial markets, seems to be firing on all cylinders. Even though major U.S. indexes fell yesterday, when viewed in the context of their performance this week, it looks like a slight pause after achieving a series of record closing levels. And U.S. stocks could continue notching fresh highs in the future, according to bank analysts. "As far as the SPX goes, we believe the index will finish 2025 in the 6500 to 6700 range," Scott Wren, senior global market strategist at Wells Fargo , wrote in a Wednesday note. Taking the higher end of Wren's estimate, that implies a 10% upside from Thursday's close. If that scenario plays out for the S&P 500, it would mark the third consecutive year of gains for the broad-based index. The S&P has already shot up 27.6% year to date, its second-highest annual increase in the 21st century, according to Deutsche Bank . The strength of the U.S. stock market is more striking when compared with its European counterpart. "MAGA policy expectations, coupled with Goldilocks data, have revived animal spirits for US equities. In contrast, Europe remains on the back foot amid stagnant growth, tariff threats and political crisis in France," Barclays wrote on Wednesday. "It is hard to see an end to US exceptionalism any time soon, which we think remains the playbook into 2025." The U.S. economy, likewise, isn't showing signs of flagging. The Atlanta Federal Reserve forecasts U.S. economic growth in the fourth quarter to hit 3.3% on an annualized basis. That's a small uptick from its 3.2% estimate earlier this week, and higher than third-quarter growth of 2.8% . Employment is the engine that powers most aspects of the economy. November's jobs report, out later today, will give investors more insight into whether U.S. economic and financial growth can continue racing forward. — CNBC's Jesse Pound, Lisa Kailai Han and Sean Conlon contributed to this report. Also on CNBC U.S. exceptionalism seems difficult to dismiss for now South Korea and its markets are not unfamiliar with impeachment Impeachments are not new to South Korea — and its marketsIn any year, the holiday season is a pivotal, make-or-break time for many businesses. But this year, while retailers are working even harder to entice consumers to get in the spending spirit, a number of factors are conspiring to keep Canadian shoppers at bay. First, there is the general consumer malaise: Many people have already been struggling with the high cost of living after unusually high inflation and interest-rate hikes in recent years. In addition, the continuing Canada Post may be discouraging those who like to check off their “nice” lists online, for fear that gifts may not arrive in time. Others may be waiting for better deals: this week’s Black Friday discount bonanza falls later in the calendar than usual this year. And for certain items affected by the federal government’s recent announcement of a – which does not begin until Dec. 14 – shoppers have even more incentive to delay their purchases. In short, price-sensitive shoppers are looking for deals, putting pressure on businesses to compete. “Retailers in Canada are nervous about this holiday season,” said Marty Weintraub, national retail consulting leader at Deloitte Canada. He added: “I do think it’s going to be a pretty hot post-Black Friday shopping season, and retailers are going to have to fight extra hard to get their share.” In its annual Holiday Retail Outlook study, Deloitte predicted that Canadians will on average spend $1,478 this festive season. That represents a 10-per-cent increase compared with last year, but it is still well below prepandemic spending. And people are picking and choosing where their money goes: while Deloitte expects spending on travel and charitable giving to grow significantly, the report predicts gift spending to rise just 4 per cent – only modestly outpacing inflation. “Things cost more. So it’s not necessarily buying more stuff, they just have to spend more money to get said stuff,” Mr. Weintraub said. Retailers have been responding by advertising their discounts – and starting early. While “early Black Friday” sales are nothing new, stores are attempting to send the message that customers do not have to wait until the real Black Friday on Nov. 29 to find the best promotions. Montreal-based outdoor e-commerce retailer Altitude Sports, for example, is advertising Black Friday pricing on more than 3,600 products on its website, with a price-matching guarantee that applies if a customer finds a better price – whether on a competitor’s site or Altitude’s own site – through a later deal. This is important because Altitude’s customer service line has been fielding questions about whether deeper discounts are still to come. “People are calling to know, what will the deals be on Black Friday? Should I wait?” Altitude’s co-chief executive officer, Maxime Dubois, said in an interview. He added that “for retailers, it adds pressure, because people have been trained to know that Black Friday is the time of year when they should act.” Retailers do not want shoppers to wait, for a couple of reasons. First, healthy sales volumes earlier in the season give companies more certainty, knowing that the holidays are going to go well, Mr. Dubois said. And having a “smoother sales curve” is more cost-efficient than having to process a massive surge of orders during the few days between Black Friday and Cyber Monday, he added. The draw of discounts is significant. Altitude also operates a website for clearance sales, called the Last Hunt: While it is a much smaller business, its sales growth has outpaced the larger website in recent years, giving a signal as to just how price-sensitive Canadian consumers have become. It’s not the only online discounter that is gaining traction: Deloitte’s research showed roughly one-third of Canadians are considering doing some of their holiday shopping on global marketplaces such as Temu and Shein, a higher number than in previous years. “That’s not a coincidence,” Deloitte’s Mr. Weintraub said. “It’s because a lot of these marketplaces offer value.” In a survey of 2,500 Canadian shoppers, conducted by research firm Leger for the Retail Council of Canada, 71 per cent said they are changing their shopping habits to keep a tighter grip on their budgets, including by waiting to make purchases only when they find the best sales. Toys “R” Us Canada has added to its usual promotional plans this year, making the sale pricing available in its annual “toy book” valid for three weeks instead of the usual two. Every weekend from October through December, the retailer is also offering additional “weekend deals” on selected products, a program that is new this year. It is intended to help Toys “R” Us “to remain top of mind, to get on to the consideration list of the shopper and to make sure that they are looking at what we have to offer,” said Allyson Banks, the retailer’s marketing director. Indigo Books & Music Inc. has also been hosting events to try to prompt visits to its stores, including a 10,000 book giveaway in September. Last Saturday, Indigo advertised copies of – the novel inspired by L. Frank Baum’s and the basis for the hit musical and new movie – for $10 with any book purchase. But chief marketing officer Andrew Sutherland acknowledged in a statement that there is only so much early shopping that customers are willing to do. “Roughly 80 per cent of holiday shopping dollars are spent between Black Friday and Christmas, so a lost week puts a lot of pressure on all areas of the business,” he said in a statement. “Most critically, you’re pushing significant increases in customer traffic through a much tighter window, so the demands on our retail operations teams are intense.” Retailers usually start to see customers pull back on purchases as early as October, knowing that better promotions are coming soon, Leon’s Furniture president Lewis Leon said in an interview. Last year, the company was caught out waiting to launch its Black Friday sales in mid-November, and had to change marketing plans on the fly when other retailers moved much earlier. This year, the stores began sales at the beginning of the month, and will continue offering those same discounts through the first week of December. For retailers competing for price-conscious shoppers, the idea of discounts pegged to a certain day or a single weekend is a thing of the past. “It really stretches for maybe four or five weeks, now, the Black Friday promotion,” Mr. Leon said.PHL economy: Resilient or barely surviving rough waters?
India's former prime minister Manmohan Singh, architect of economic reforms, dies at 92SOUTH BEND — Marcus Freeman didn’t jump around it Monday. The significance of the loss of fifth-year graduate defensive tackle Rylie Mills was not minimized. “You can’t replace Rylie Mills,” Freeman said. “I mean, yes, the production, but the leadership, a captain, very similar to the things I said about Benjamin Morrison when he was out. You feel awful for him as a person, a guy that decided to come back, improve his draft stock, be a captain. “The value he provided this team is tremendous, and he’s done an excellent job as a football player and a leader, but you have to replace the production. You got to replace what he did for our defense in different ways, and so we have capable guys that will step up, that have stepped up all year, that we’re very confident in, and those guys will have a bigger role this week.” Mills, who went down after a sack in the third quarter of Notre Dame’s College Football Playoff first-round game against Indiana a week ago, is now lost for the season. The captain and emotional leader was 32nd in the country in sacks (7.5). No defensive lineman on the Fighting Irish roster has registered more snaps this season. When asked Friday, defensive coordinator Al Golden gave a sharp “never” when asked if he has ever led a defense this plagued by the injury bug. Having lost several pieces this season already, Golden’s unit continues to be dominant. Life without Mills will still be a big change. “We just don’t flinch,” Golden said. “At the end of the day, we feel badly for whoever has been injured, in this case, Rylie. Rylie’s meant a lot to this program and obviously the Coach Freeman era, not just necessarily our defense, but just the era itself, just being a leader. “You feel badly for him, but at the same time, we just don’t flinch. We move forward, and it’s time for somebody else to have an opportunity, and I know they’ll be ready.” Heading into Wednesday’s CFP quarterfinal matchup between No. 7-seed Notre Dame (12-1) and No. 2 Georgia (11-2) at the Allstate Sugar Bowl in New Orleans, the Fighting Irish possess the third-best scoring defense (13.8 points allowed per game) and fourth-best pass defense (162.3 pass yards allowed per game). Where the Fighting Irish are less successful, though, is when covering the ground game. Allowing 133 yards rushing per game, it’s the unit Mills made such an impact on that will have to adjust, again. “I think we’re an elite defense, but any good defense we need to be good on both,” defensive lineman Howard Cross III said. “So this is a great challenge, an exciting challenge for all of us. Everyone on defense is extremely excited for this opportunity to play.” Cross made his first appearance since November last week against the Hoosiers. He finished with one assisted tackle. Addressing the injury to his linemate Mills, Cross also mentioned part of being excited for the challenge of facing the Bulldogs comes from the test it brings. “I’m just so excited to have this opportunity,” Cross said. “I know they’re one of, if not the best, interior offensive lines in the nation (and it) makes me more excited. Just being able to go out there and test my skills and just have fun. And I’m emphasizing the fun part for me.” The injury to Mills is the latest for an Irish bunch that has been one of the collective best units in the nation. Golden, a finalist for the 2024 Broyles Award which is given to the top assistant coach in college football, has had to work around major losses to Morrison (Week 7) and defensive linemen Jordan Botelho (Week 3), Boubacar Traore (Week 5) and now Mills. As Georgia prepares to start sophomore quarterback Gunner Stockton as SEC Championship game starter Carson Beck remains sidelined the rest of the season, Golden isn’t going to focus too long on what could have been. Instead, Cross, Gabriel Rubio and Donovan Hinish will be next in line to carry the load. “First of all, Gabe has a ruggedness and a high motor,” Golden said. “The screen play that he made the other day on the perimeter, that forced a third-and-3, I think that’s emblematic of who he is as a player, right?” “I think we’ll look at this as Game 1 to Game 2 for Howard,” Golden said when running through what he saw from Cross’ first game back since November. “We expect a big jump for him in conditioning and really just about every aspect. He looks so much better right now. He’s more comfortable. I can’t speak for him, but it looks like he’s not in pain anymore, so we appreciate him gutting that out the other night, and he’s markedly better now. We just can’t wait to let him go.”
Proposed rezoning near Middletown Elementary School tabledWEST 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 his political movement into public display, previewing the fissures and contradictory views his coalition could bring to the White House. The rift laid bare the tensions between the newest flank of Trump's movement — wealthy members of the tech world including billionaire Elon Musk and fellow entrepreneur Vivek Ramaswamy and their call for more highly skilled workers in their industry — and people in Trump's Make America Great Again base who championed his hardline immigration policies. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.OpenAI is allowing employees to sell roughly $1.5 billion worth of shares in a new tender offer to SoftBank, CNBC has learned. SoftBank's latest investment adds to OpenAI's recent $6.6 billion funding round at a $157 billion valuation. The deal was spurred by SoftBank billionaire founder and CEO Masayoshi Son, who was persistent in asking for a larger stake in the company, a person familiar with the matter said. OpenAI is allowing employees to sell roughly $1.5 billion worth of shares in a new tender offer to SoftBank, CNBC has learned. 24/7 San Diego news stream: Watch NBC 7 free wherever you are The new financing will allow the Japanese tech conglomerate to get an even larger slice of the AI startup, and it will allow current and former OpenAI employees to cash out their shares, two people familiar with the matter told CNBC. Employees will have until Dec. 24 to decide if they want to participate in the new tender offer, which has not previously been reported, one of the people said. The deal was spurred by SoftBank billionaire founder and CEO Masayoshi Son, who was persistent in asking for a larger stake in the startup after putting $500 million into OpenAI's last funding round, one of the people said. The tender offer is not related to OpenAI's potential plans to restructure the firm to a for-profit business , one of the people said. OpenAI and SoftBank declined to comment. The news underscores Son's interest in the AI space and in backing the most valuable private players. SoftBank was an early investor in Arm, and Son said at a recent conference that he's saving "tens of billions of dollars" to make the "next big move" in artificial intelligence. He had previously invested in Apple, Qualcomm and Alibaba. Money Report Samsung Electronics appoints co-CEO in leadership shuffle focused on chip divisions; shares drop Donald Trump selects Kevin Hassett to lead National Economic Council SoftBank's Vision Fund 2 recently invested in AI startups Glean, Perplexity and Poolside. SoftBank has about 470 portfolio companies and $160 billion in assets across its two vision funds. The OpenAI investment matches SoftBank's eagerness to deploy cash, with a capital-intensive business model, a person close to Son told CNBC. Even without SoftBank's deep pockets, OpenAI has had no trouble raising billions in cash. Its valuation has climbed to $157 billion in the two years since launching ChatGPT. OpenAI has raised roughly $13 billion from Microsoft , and it closed its latest $6.6 billion round in October , led by Thrive Capital and including participation from chipmaker Nvidia , SoftBank and others. The company also received a $4 billion revolving line of credit , bringing its total liquidity to more than $10 billion. OpenAI expects about $5 billion in losses on $3.7 billion in revenue this year, CNBC confirmed in September with a person familiar with the situation. The tender offer will be open to current and former employees who had been granted restricted stock units at least two years ago and have held the shares for at least that long, one of the people said. The unit price of $210 will align with the company's most recent funding round. Tender offers have become crucial for tech employees amid a dormant IPO market and skyrocketing company valuations. Private companies rely on such deals to keep employees happy and reduce the pressure to list on public markets. Since OpenAI has no initial public offering immediately on the horizon and a price tag that makes the company prohibitively expensive for would-be acquirers, secondary stock sales are the only way in the near future for shareholders to pocket a portion of their paper wealth. Databricks is another private company raising money to allow employees to cash out and avoid public markets pressure, CNBC reported this week. OpenAI took a more restrictive approach to tender offers in the past, with rules allowing the company to determine who gets to participate in stock sales, CNBC reported in June . Current and former OpenAI employees previously told CNBC that there was growing concern about access to liquidity after reports that the company had the power to claw back vested equity. But the company reversed its policies toward secondary share sales this summer, and it now allows current and former employees to participate equally in annual tender offers. The company expects to allow more of these secondary sales, and it will need to tap private markets again in the future based on demand from investors and the capital-intensive nature of the business, according to a person familiar with this week's tender offer. OpenAI has faced increasing competition from startups like Anthropic and tech giants like Google. The generative AI market is predicted to top $1 trillion in revenue within a decade, and business spending on generative AI surged 500% this year , according to recent data from Menlo Ventures. Last month OpenAI launched a search feature within ChatGPT, its viral chatbot, that positions the high-powered AI startup to better compete with search engines like Google , Microsoft's Bing and Perplexity . WATCH: OpenAI is the definitive consumer brand for AI at this point, says Bedrock Capital's Geoff Lewis Also on CNBC Workday stock slips on light quarterly forecast Dell shares fall on light forecast despite growing AI sales This startup makes thrifting furniture far easier, even for big retailers like Pottery BarnThe PTI is not going to engage in negotiations with the government for an indefinite period. It has set January 31 of the next year as the cut-off date for the process. "The PTI is giving the government until the end of January to conclude the dialogue aimed at reducing political tensions. The party's negotiation team will formally inform the government committee about this deadline at our meeting on January 2," said Sahibzada Hamid Raza on Thursday. Raza, the spokesperson of the PTI's negotiation team, was speaking to the media after meeting with party founder Imran Khan at Rawalpindi's Adiala Jail along with Omar Ayub and Asad Qaiser. According to Raza, Imran is ready to forgive all the "atrocities" committed by authorities. However, he has not withdrawn his call for the overseas Pakistanis not to send remittances to the country The SIC chief, who is not officially a PTI member, reiterated the party's demands for formation of judicial commissions to investigate the incidents of May 9, 2023 and November 26, 2024 and for the release of all political prisoners, including PTI founder Imran Khan. "We categorically reject responsibility for the events of May 9," Raza said, demanding a judicial inquiry led by senior judges of the Supreme Court to establish accountability. On May 9, 2023, violent protests erupted across the country when paramilitary Rangers arrested Imran Khan from the premises of the Islamabad High Court in connection with a corruption case. He alleged that on November 26 authorities fired live rounds at PTI supporters staging a protest march in Islamabad, resulting in 13 deaths, 64 gunshot injuries, and 150 to 200 missing persons. "This was an assault on the people and democracy," Raza asserted, calling for a transparent inquiry into the violence. He held government authorities responsible for ordering the alleged use of force against peaceful demonstrators. Elaborating on the party's second demand, he said the PTI wants release of all its workers and leaders including Imran Khan. He, however, clarified that the release of Imran should not be part of a deal but a judicial process. "Imran Khan was acquitted by courts but the government formed new cases," he said. Raza decried the systematic victimization of the PTI, likening it to the treatment of political parties during the 1971 crisis. He alleged that PTI members had been subjected to torture and that their civil and human rights had been "suspended." Despite the persecution, Raza said, Imran Khan is willing to forgive the violence directed at him and urged the resolution of political grievances through constructive dialogue. He claimed that PTI-backed candidates who emerged victorious in the February 8 polls faced obstacles in joining political parties registered with the Election Commission of Pakistan. To circumvent these challenges, Imran Khan aligned PTI-backed candidates with the SIC, which remains a key ally of PTI. He said Imran Khan expressed his confidence in all lawmakers including Khyber Pakhtunkhwa Chief Minister Ali Amin Gandapur. The former prime minister also condemned airstrike inside Afghanistan, stating that Pakistan should resolve all issues with the neighboring country through dialogue. COMMENTS Comments are moderated and generally will be posted if they are on-topic and not abusive. For more information, please see our
The Agency brought in record viewership for Showtime and Paramount+ . Showtime/MTV Entertainment Studios announced on December 4 that the espionage thriller drew in an audience of 5.1 million cross-platform viewers globally after its November 29 debut, making it their most-streamed new series ever. Given that, it should come as no surprise that this viewership announcement came with a Season 2 renewal. Season 1, meanwhile, won’t air its finale until January. A fresh take on the critically acclaimed hit French drama Le Bureau des Legendes , The Agency follows Martian ( Michael Fassbender ), a covert CIA agent, ordered to abandon his undercover life and return to London Station. When the love he left behind reappears ( Jodie Turner-Smith as Samia), romance reignites. His career, his real identity, and his mission are pitted against his heart, hurling them both into a deadly game of international intrigue and espionage. Le Bureau des Legendes centers on the daily life and missions of agents within France’s principal external security service. It focuses on the “Bureau of Legends,” responsible for training and handling deep-cover agents on long-term missions in areas with French interests. Living under false identities for years, these agents’ missions are to identify and recruit good intelligence sources. The series has been praised as an intriguingly unique look at a side of spy stories not often seen: the emotional cost of living a life of intense secrecy and danger. These emotional insights also serve as critical commentary about organizations like the CIA. The star-studded cast also includes Jeffrey Wright , Richard Gere , Katherine Waterston , John Magaro , Alex Reznik, Andrew Brooke , Harriet Sansom Harris , India Fowler , Saura Lightfoot-Leon , and Reza Brojerdi, with Dominic West and Hugh Bonneville as guest stars. Recurring stars are Adam Nagaitis , Ambreen Razia , Bilal Hasna , David Harewood , Kurt Egyiawan , Ray BLK, Sabrina Wu , and Tom Vaughan-Lawlor. George Clooney serves as an executive producer. With new episodes of The Agency Season 1 still coming out weekly, there’s no plot information to share about Season 2 so far. But we’ll continue to report the latest updates on the series. In the meantime, here’s how you can watch each episode. Michael Fassbender as Martian in ‘The Agency’ Season 1 Episode 6 (Luke Varley / Paramount+ with SHOWTIME) Like Yellowjackets , new episodes of The Agency are available on Paramount+ for Paramount+ With Showtime subscribers two days before the episodes air linearly on Showtime. Here’s the release schedule for Season 1: Episode 1: “The Bends” — Friday, November 29, Paramount+ with Showtime; Sunday, December 1, 9/8c, Showtime 'The Agency': Jeffrey Wright on What Drew Him to the New Political Thriller Episode 2: “Wooden Duck” — Friday, November 29, Paramount+ with Showtime; Sunday, December 1, 9/8c, Showtime More from this section Episode 3: “Hawk from a Handsaw” — Friday, December 6, Paramount+ with Showtime; Sunday, December 8, 9/8c, Showtime Episode 4: “Quarterback Blitz” — Friday, December 13, Paramount+ with Showtime; Sunday, December 15, 9/8c, Showtime Episode 5: “Rat Trap” — Friday, December 20, Paramount+ with Showtime; Sunday, December 22, 9/8c, Showtime Episode 6: “Spy for Sale” — Friday, December 27, Paramount+ with Showtime; Sunday, December 30, 9/8c, Showtime Episode 7: “Hard Landing”— Friday, January 3, 2025, Paramount+ with Showtime; Sunday, January 5, 2025, 9/8c, Showtime Episode 8: “Truth Will Set You Free”— Friday, January 10, 2025, Paramount+ with Showtime; Sunday, January 12, 2025, 9/8c, Showtime Episode 9: “The Rubicon”— Friday, January 17, 2025, Paramount+ with Showtime; Sunday, January 19, 2025, 9/8c, Showtime Episode 10: “Overtaken By Events”— Friday, January 24, 2025, Paramount+ with Showtime, Sunday, January 26, 2025, 9/8c, Showtime More Headlines: ‘The Agency’ Renewed: Everything We Know About Spy Thriller’s Season 2 ‘Community’ Star Ken Jeong Teases Movie Script ‘Made Me Emotional’ ‘Ghosts’ Star Rose McIver Teases Directorial Debut for ‘Pete-Centric Episode’ Who Is the Real Remy on ‘B&B’? Christian Weissmann on His ‘Really Complex’ New Character The ‘Squid Game’ Season 2 Post-Credits Scene, Explained
For a brief window of time in October, Russian hackers had the ability to launch arbitrary code against anyone in the world using Firefox or Tor. On Oct. 8, researchers from ESET first spotted malicious files on a server managed by the Russian advanced persistent threat (APT) RomCom (aka Storm-0978, Tropical Scorpius, UNC2596). The files had gone online just five days earlier, on Oct. 3. Analysis showed that they leveraged two zero-day vulnerabilities : one affecting Mozilla software, the other Windows. The result: an exploit that spread the RomCom backdoor to anyone who visited an infected website, no clicks required. Luckily, both issues were remediated quickly. "The attackers only had a really small window to try to compromise computers," explains Romain Dumont, malware researcher with ESET. "Yes, there was a zero-day vulnerability. But, still, it was patched really fast." Dark Reading has reached out to Mozilla for comment on this story. The first of the two vulnerabilities, CVE-2024-9680, is a use-after-free opportunity in Firefox animation timelines — the browser mechanism that handles how animations play out based on user interactions with websites. Its power to afford attackers arbitrary command execution earned it a "critical" 9.8 rating from the Common Vulnerability Scoring System (CVSS). Related: Salt Typhoon Builds Out Malware Arsenal With GhostSpider Importantly, CVE-2024-9680 affects more than just Firefox. Mozilla's open source email client "Thunderbird" is also impacted, as is the ultrasecretive Tor browser, which is built from a modified version of Firefox's Extended Support Release (ESR) browser. In October, RomCom deployed specially crafted websites that would instantly trigger CVE-2024-9680 without the need for any victim interaction. Victims would unknowingly download the RomCom backdoor from RomCom-controlled servers, then quickly be redirected to the original website they thought they were visiting all along. These malicious domains were made to mimic the real sites associated with the ConnectWise and Devolutions IT services platforms, and Correctiv, a nonprofit newsroom for investigative journalism in Germany. That these organizations are both political and economic in nature might not surprise those familiar with RomCom, which has always conducted opportunistic cybercrime, but in more recent times has added politically motivated espionage to its agenda. Its activity in 2024 has included campaigns against the insurance and pharmaceutical sectors in the US, but also the defense, energy, and government sectors in Ukraine. Related: OpenSea Phishers Aim to Drain Crypto Wallets of NFT Enthusiasts It's unclear by what means of social engineering RomCom might have spread these malicious sites. Not content with only running code in a victim's browser, however, RomCom also employed a second vulnerability, CVE-2024-49039 . This high-severity 8.8 CVSS-rated bug in the Windows Task Scheduler allows for privilege escalation, thanks to an undocumented remote procedure calls (RPC) endpoint unintentionally accessible to low level users. In this case, RomCom used CVE-2024-49039 to escape the browser sandbox and onto a victim's machine at large. The damage that might've been done with such a powerful exploit chain, and exactly who was affected by it last month, remains unknown. What's clear at this point is that the overwhelming majority of targets were located in North America and Europe — particularly the Czech Republic, France, Germany, Poland, Spain, Italy, and the US — plus scattered victims in New Zealand and French Guiana. Also, notably, none of the victims tracked by ESET were compromised via Tor. "Tor has some predefined settings that differ from Firefox, so maybe it would not have worked," Damien Schaeffer, senior malware researcher at ESET speculates. He notes, too, that RomCom's primary targets appeared to be corporations, which rarely use Tor. Related: CyCognito Report Highlights Rising Cybersecurity Risks in Holiday E-Commerce Both CVE-2024-9680 and CVE-2024-49039 have since been patched — the former on Oct. 9, just 25 hours after Mozilla was notified of the issue, and the latter on Nov. 12. "By now, I hope, the problem is more or less done," Schaeffer says. Still, for any given organization, "It'll depend on their policies. If you have good patch management, this would have been fixed in one day or so. But it's up to people to fix their stuff." Nate Nelson is a freelance writer based in New York City. Formerly a reporter at Threatpost, he contributes to a number of cybersecurity blogs and podcasts. He writes "Malicious Life" -- an award-winning Top 20 tech podcast on Apple and Spotify -- and hosts every other episode, featuring interviews with leading voices in security. He also co-hosts "The Industrial Security Podcast," the most popular show in its field.Evolv Receives Expected Nasdaq Delinquency Notification
The Dow Jones Industrial Average (DJIA) shed around 400 points on a quiet Friday. Most investors are still out of the markets on holidays and thin volumes have left the Dow Jones roughly a full percent lower. Holiday market flows are in full swing in equities, with a broad-base cooling effect in the long-run tech rally as investors pull up stakes and do some light profit-taking ahead of the rollover into the new year. A thin data release schedule , followed by another midweek holiday next week, leaves equity indexes on the tepid side in the near term. Traders are still grappling with the Federal Reserve’s (Fed) recent pivot into expectations of less rate cuts in 2025 than previously expected. According to the Fed’s latest Summary of Economic Projections (SEP), policymakers only expect another two quarter-point rate cuts through next year, hobbling market expectations for a steeper decline in the headline reference rate. Dow Jones news Despite an overall blustery year that saw the Down Jones climb nearly 21.5% bottom-to-top, the major equity index still got coal in its stocking as December turns deeper into the red and pares away November’s heady gains. All but five of the Dow’s listed securities are testing into the red on Friday, with losses led by Nvidia (NVDA), which fell over 2% and is back below $137 per share. Nvidia appears to have shrugged off recent reports that its latest Blackwell AI-focused chipset may have experienced an overheating problem, but fresh woes for the AI-fueled tech rally have cropped up as investors weigh the prospect of stiffer restrictions on Chinese access to US-manufactured silicon solutions. An outsized amount of Chinese demand for recently-developed AI-focused chipsets could leave profit expectations for Nvidia in the lurch if regulations hamper trade. Dow Jones price forecast The Dow Jones’ stellar 2024 run appears to be taking a breather after declining for three consecutive weeks. The DJIA is down nearly 5% from record highs above 45,000, testing the waters just south of the 43,000 handle. The Dow Jones has fallen below its 50-day Exponential Moving Average (EMA) near 43,345 for the second time in as many months, but price action is still holding well above the 200-day EMA near 40,960 after bids found a technical floor near 42,000. Dow Jones daily chart Dow Jones FAQs The Dow Jones Industrial Average, one of the oldest stock market indices in the world, is compiled of the 30 most traded stocks in the US. The index is price-weighted rather than weighted by capitalization. It is calculated by summing the prices of the constituent stocks and dividing them by a factor, currently 0.152. The index was founded by Charles Dow, who also founded the Wall Street Journal. In later years it has been criticized for not being broadly representative enough because it only tracks 30 conglomerates, unlike broader indices such as the S&P 500. Many different factors drive the Dow Jones Industrial Average (DJIA). The aggregate performance of the component companies revealed in quarterly company earnings reports is the main one. US and global macroeconomic data also contributes as it impacts on investor sentiment. The level of interest rates, set by the Federal Reserve (Fed), also influences the DJIA as it affects the cost of credit, on which many corporations are heavily reliant. Therefore, inflation can be a major driver as well as other metrics which impact the Fed decisions. Dow Theory is a method for identifying the primary trend of the stock market developed by Charles Dow. A key step is to compare the direction of the Dow Jones Industrial Average (DJIA) and the Dow Jones Transportation Average (DJTA) and only follow trends where both are moving in the same direction. Volume is a confirmatory criteria. The theory uses elements of peak and trough analysis. Dow’s theory posits three trend phases: accumulation, when smart money starts buying or selling; public participation, when the wider public joins in; and distribution, when the smart money exits. There are a number of ways to trade the DJIA. One is to use ETFs which allow investors to trade the DJIA as a single security, rather than having to buy shares in all 30 constituent companies. A leading example is the SPDR Dow Jones Industrial Average ETF (DIA). DJIA futures contracts enable traders to speculate on the future value of the index and Options provide the right, but not the obligation, to buy or sell the index at a predetermined price in the future. Mutual funds enable investors to buy a share of a diversified portfolio of DJIA stocks thus providing exposure to the overall index.【C.S】 Group Targets Global Pet Medication Market with Groundbreaking Taiwanofungus-Based New DrugMajor retailers in UK and Ireland pull products associated with Conor McGregorAfter a recent string of burglaries at professional athletes' houses, the NBA has issued a memo to its players about home security. According to the Associated Press , which obtained a copy of the memo, the league urged players to take additional precautions when away from home. Those precautions ranged from updating alarm systems and keeping valuables in safes to using "protective guard services" during road trips and even having dogs around for security purposes. In September, while Minnesota Timberwolves guard Mike Conley was attending a Minnesota Vikings game, burglars broke into his house and stole jewelry, Medina Police Chief Jason Nelson told the Minneapolis Star Tribune . In November, Milwaukee Bucks center Bobby Portis said "most of my prized possessions" had been stolen from his house while he was at a game and offered a $40,000 reward for any information that led to the return of the stolen items. According to the memo, the FBI has connected recent burglaries to "transnational South American Theft Groups." These "reportedly well-organized, sophisticated" crime rings "incorporate advanced techniques and technologies, including pre-surveillance, drones, and signal jamming devices." The FBI believes that the rings are "primarily focused on cash and items that can be resold on the black market, such as jewelry, watches, and luxury bags." The NFL sent its players a similar security alert this week. The homes of Patrick Mahomes and Travis Kelce of the Kansas City Chiefs were both broken into in October , just days apart. Looking for more NBA insight from CBS Sports? Bill Reiter, John Gonzalez and more experts break down the league daily on the Beyond the Arc podcast.
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India's former prime minister Manmohan Singh, architect of economic reforms, dies at 92
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 his political movement into public display, previewing the fissures and contradictory views his coalition could bring to the White House. The rift laid bare the tensions between the newest flank of Trump's movement — wealthy members of the tech world including billionaire Elon Musk and fellow entrepreneur Vivek Ramaswamy and their call for more highly skilled workers in their industry — and people in Trump's Make America Great Again base who championed his hardline immigration policies. The debate touched off this week when Laura Loomer , a right-wing provocateur with a history of racist and conspiratorial comments, criticized Trump’s selection of Sriram Krishnan as an adviser on artificial intelligence policy in his coming administration. Krishnan favors the ability to bring more skilled immigrants into the U.S. Loomer declared the stance to be “not America First policy” and said the tech executives who have aligned themselves with Trump were doing so to enrich themselves. Much of the debate played out on the social media network X, which Musk owns. Loomer's comments sparked a back-and-forth with venture capitalist and former PayPal executive David Sacks , whom Trump has tapped to be the “White House A.I. & Crypto Czar." Musk and Ramaswamy, whom Trump has tasked with finding ways to cut the federal government , weighed in, defending the tech industry's need to bring in foreign workers. It bloomed into a larger debate with more figures from the hard-right weighing in about the need to hire U.S. workers, whether values in American culture can produce the best engineers, free speech on the internet, the newfound influence tech figures have in Trump's world and what his political movement stands for. Trump has not yet weighed in on the rift. His presidential transition team did not respond to questions about positions on visas for highly skilled workers or the debate between his supporters online. Instead, his team instead sent a link to a post on X by longtime adviser and immigration hard-liner Stephen Miller that was a transcript of a speech Trump gave in 2020 at Mount Rushmore in which he praised figures and moments from American history. Musk, the world's richest man who has grown remarkably close to the president-elect , was a central figure in the debate, not only for his stature in Trump's movement but his stance on the tech industry's hiring of foreign workers. Technology companies say H-1B visas for skilled workers, used by software engineers and others in the tech industry, are critical for hard-to-fill positions. But critics have said they undercut U.S. citizens who could take those jobs. Some on the right have called for the program to be eliminated, not expanded. Born in South Africa, Musk was once on an a H-1B visa himself and defended the industry's need to bring in foreign workers. “There is a permanent shortage of excellent engineering talent," he said in a post. “It is the fundamental limiting factor in Silicon Valley.” Trump's own positions over the years have reflected the divide in his movement. His tough immigration policies, including his pledge for a mass deportation, were central to his winning presidential campaign. He has focused on immigrants who come into the U.S. illegally but he has also sought curbs on legal immigration , including family-based visas. As a presidential candidate in 2016, Trump called the H-1B visa program “very bad” and “unfair” for U.S. workers. After he became president, Trump in 2017 issued a “Buy American and Hire American” executive order , which directed Cabinet members to suggest changes to ensure H-1B visas were awarded to the highest-paid or most-skilled applicants to protect American workers. Trump's businesses, however, have hired foreign workers, including waiters and cooks at his Mar-a-Lago club , and his social media company behind his Truth Social app has used the the H-1B program for highly skilled workers. During his 2024 campaign for president, as he made immigration his signature issue, Trump said immigrants in the country illegally are “poisoning the blood of our country" and promised to carry out the largest deportation operation in U.S. history. But in a sharp departure from his usual alarmist message around immigration generally, Trump told a podcast this year that he wants to give automatic green cards to foreign students who graduate from U.S. colleges. “I think you should get automatically, as part of your diploma, a green card to be able to stay in this country," he told the “All-In" podcast with people from the venture capital and technology world. Those comments came on the cusp of Trump's budding alliance with tech industry figures, but he did not make the idea a regular part of his campaign message or detail any plans to pursue such changes.NEW YORK, Dec. 05, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of ASP Isotopes Inc. (NASDAQ: ASPI) between October 30, 2024 and November 26, 2024, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 3, 2025. SO WHAT: If you purchased ASP Isotopes securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the ASP Isotopes class action, go to https://rosenlegal.com/submit-form/?case_id=32062 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 3, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers. DETAILS OF THE CASE: According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) ASP Isotopes overstated the potential effectiveness of its enrichment technology; (2) ASP Isotopes overstated the development potential of its high assay low-enriched uranium facility; (3) ASP Isotopes overstated the Company’s nuclear fuels operating segment results; and (4) as a result of the foregoing, defendants’ positive statements about the ASP Isotope’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the ASP Isotopes class action, go to https://rosenlegal.com/submit-form/?case_id=32062 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm , on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/ . Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 case@rosenlegal.com www.rosenlegal.com
By Funsho Arogundade E ight years ago, Omotayo Jemila ‘OJ’ Awa-Ibraheem started her journey into the world of Spa and perfumery with the formal launch of her House of Jemila on 4 June 2016. Since then, this elegant beauty entrepreneur has not looked back in her quest to dominate her sphere of business. Thanks to her passion for creativity and the guidance of a trusted mentor. From opening her first and second stores on the Lagos Mainland, the style icon has embarked on an exciting new chapter in her beauty entrepreneurship. Elegant OJ recently celebrated a significant milestone with the unveiling of her flagship store and a new luxury perfumery store in the heart of Lekki, Lagos. It was a grand event by all standards when the new perfumery outlet named ‘PerfectScents Niche Emporium’ opened its doors to the public on Saturday 7 December in Lekki Lagos. OJ’s new store —the third in Lagos— is a one-stop shop for niche fragrances exclusively sourced from around the world for all perfume lovers all over Lagos and beyond. According to OJ, the new shop will enhance the experience of perfume buffs as she introduces a dedicated pure fragrance corner where customers can explore pure fragrance oils, undiluted and authentic. This interactive space will let customers identify the notes that appeal to them, helping us suggest perfumes that align perfectly with their preferences. Not done, Spotlight learnt, OJ is expanding her fragrance business as she is starting her own niche perfume line. The Ekiti State University, Ado-Ekiti Political Science graduate is partnering with a world-class perfume manufacturer in Europe who she said understood her vision. With their expertise, they have finalized the bottle designs, logo, and packaging. Every step was deliberate and meticulous to deliver quality fragrances to be launched in the first quarter of next year. It will then be sold side by side with other niche fragrances stocked by the new Lekki store.By DEVNA BOSE One of the country’s largest health insurers reversed a change in policy Thursday after widespread outcry, saying it would not tie payments in some states to the length of time a patient went under anesthesia. Anthem Blue Cross Blue Shield said in a statement that its decision to backpedal resulted from “significant widespread misinformation” about the policy. “To be clear, it never was and never will be the policy of Anthem Blue Cross Blue Shield to not pay for medically necessary anesthesia services,” the statement said. “The proposed update to the policy was only designed to clarify the appropriateness of anesthesia consistent with well-established clinical guidelines.” Anthem Blue Cross Blue Shield would have used “physician work time values,” which is published by the Centers for Medicare and Medicaid Services, as the metric for anesthesia limits; maternity patients and patients under the age of 22 were exempt. But Dr. Jonathan Gal, economics committee chair of the American Society for Anesthesiologists, said it’s unclear how CMS derives those values. In mid-November, the American Society for Anesthesiologists called on Anthem to “reverse the proposal immediately,” saying in a news release that the policy would have taken effect in February in New York, Connecticut and Missouri. It’s not clear how many states in total would have been affected, as notices also were posted in Virginia and Colorado . Related Articles National News | The next census will gather more racial, ethnic information National News | As data centers proliferate, conflict with local communities follows National News | NASA’s stuck astronauts hit 6 months in space. Just 2 more to go National News | Imprisoned Proud Boys leader balks at answering a prosecutor’s questions about Capitol attack National News | 7.0 earthquake off Northern California prompts brief tsunami warning People across the country registered their concerns and complaints on social media, and encouraged people in affected states to call their legislators. Some people noted that the policy could prevent patients from getting overcharged. Gal said the policy change would have been unprecedented, ignored the “nuanced, unpredictable human element” of surgery and was a clear “money grab.” “It’s incomprehensible how a health insurance company could so blatantly continue to prioritize their profits over safe patient care,” he said. “If Anthem is, in fact, rescinding the policy, we’re delighted that they came to their senses.” Prior to Anthem’s announcement Thursday, Connecticut comptroller Sean Scanlon said the “concerning” policy wouldn’t affect the state after conversations with the insurance company. And New York Gov. Kathy Hochul said in an emailed statement Thursday that her office had also successfully intervened. The insurance giant’s policy change came one day after the CEO of UnitedHealthcare , another major insurance company, was shot and killed in New York City.
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