U.S. stock indexes drifted lower Tuesday in the runup to the highlight of the week for the market, the latest update on inflation that’s coming on Wednesday. The S&P 500 dipped 0.3%, a day after pulling back from its latest all-time high. They’re the first back-to-back losses for the index in nearly a month, as momentum slows following a big rally that has it on track for one of its best years of the millennium. The Dow Jones Industrial Average fell 154 points, or 0.3%, and the Nasdaq composite slipped 0.3%. Tech titan Oracle dragged on the market and sank 6.7% after reporting growth for the latest quarter that fell just short of analysts’ expectations. It was one of the heaviest weights on the S&P 500, even though CEO Safra Catz said the company saw record demand related to artificial-intelligence technology for its cloud infrastructure business, which trains generative AI models. AI has been a big source of growth that’s helped many companies’ stock prices skyrocket. Oracle’s stock had already leaped more than 80% for the year coming into Tuesday, which raised the bar of expectations for its profit report. In the bond market, Treasury yields ticked higher ahead of Wednesday’s report on the inflation that U.S. consumers are feeling. Economists expect it to show similar increases as the month before. Wednesday’s update and a report on Thursday about inflation at the wholesale level will be the final big pieces of data the Federal Reserve will get before its meeting next week, where many investors expect the year’s third cut to interest rates. The Fed has been easing its main interest rate from a two-decade high since September to take pressure off the slowing jobs market, after bringing inflation nearly down to its 2% target. Lower rates would help give support to the economy, but they could also provide more fuel for inflation. Expectations for a series of cuts through next year have been a big reason the S&P 500 has set so many records this year. Trading in the options market suggests traders aren’t expecting a very big move for U.S. stocks following Wednesday’s report, according to strategists at Barclays. But a reading far off expectations in either direction could quickly change that. The yield on the 10-year Treasury rose to 4.22% from 4.20% late Monday. Even though the Fed has been cutting its main interest rate, mortgage rates have been more stubborn to stay high and have been volatile since the autumn. That has hampered the housing industry, and homebuilder Toll Brothers’ stock fell 6.9% even though it delivered profit and revenue for the latest quarter that topped analysts’ expectations. CEO Douglas Yearley Jr. said the luxury builder has been seeing strong demand since the start of its fiscal year six weeks ago, an encouraging signal as it approaches the beginning of the spring selling season in mid-January. Elsewhere on Wall Street, Alaska Air Group soared 13.2% after raising its forecast for profit in the current quarter. The airline said demand for flying around the holidays has been stronger than expected. It also approved a plan to buy back up to $1 billion of its stock, along with new service from Seattle to Tokyo and Seoul. Boeing climbed 4.5% after saying it’s resuming production of its bestselling plane, the 737 Max, for the first time since 33,000 workers began a seven-week strike that ended in early November. Vail Resorts rose 2.5% after the ski resort operator reported a smaller first-quarter loss than analysts expected in what is traditionally its worst quarter. All told, the S&P 500 fell 17.94 points to 6,034.91. The Dow dipped 154.10 to 44,247.83, and the Nasdaq composite slipped 49.45 to 19,687.24. In stock markets abroad, indexes were mixed in China after the world’s second-largest economy said its exports rose by less than expected in November. Stocks rose 0.6% in Shanghai but fell 0.5% in Hong Kong. Indexes fell across much of Europe ahead of a meeting this week by the European Central Bank, where the widespread expectation is for another cut in interest rates. ___ AP Business Writers Matt Ott and Elaine Kurtenbach contributed. U.S. stock indexes drifted lower Tuesday in the runup to Remember what you searched for in 2024? Google does. Google The proposed merger between supermarket giants Kroger and Albertsons floundered When President Joe Biden visited Angola last week, one ofNikki Kaye was an MP for Auckland Central. Photo: RNZ A close friend of Kaye's, who did not want to be named, told RNZ she passed away after a long battle with cancer. Prime Minster Christopher Luxon and Deputy Leader of the National Party Nicola Willis led tributes for the MP, describing her today as a "cherished colleague and friend". Kaye represented the Auckland Central electorate and had been a deputy leader during her time at Parliament. “Nikki’s contribution to our party, her community, and New Zealand has left an indelible mark. Her tireless dedication, sharp intellect, and tenacity earned her the respect of people across the political spectrum,” Mr Luxon said in a statement this morning. “Nikki was a remarkable person and a crusader for what she believed in, and her contribution has left our country in a better place.” Willis said Kaye was one of the bravest Parliamentarians New Zealand has seen. "She was not only a colleague, but a brilliant friend to many of us. She was fiercely committed to her constituents and her values and she contributed so much of her soul to this country party and our party. “Our thoughts are with her family and loved ones during this incredibly difficult time." Devastating news. Nikki was one of the bravest parliamentarians New Zealand has had, fiercely advancing the liberal values and causes she believed in. She loved the National Party and contributed so much of her soul to it. I will be forever grateful for the contribution she made... — Nicola Willis (@NicolaWillisMP) November 25, 2024 Other colleagues also praised Kaye for her "caring heart" and "ferocious energy". Health Minister Dr Shane Reti said he was saddened by the news of her death. He said she made a valued contribution to education and he would miss her as a friend and colleague. Former National MP Maggie Barry posted on Facebook today a picture of them with the caption: "farewell my friend". Kaye was in Parliament for 12 years, entering in 2008 aged 28, before announcing in July 2020 she wouldn't contest the upcoming election. Kaye had worked for Bill English when he was Leader of the Opposition in 2002. In January 2013, she was appointed to Cabinet by then-Prime Minister Sir John Key, eventually holding ministerial (and associate) responsibilities for ACC, Civil Defence, Education, Food Safety, Immigration, Youth and Youth Affairs over the next seven years. In 2016, Kaye took leave after being diagnosed with breast cancer at 36 and returned to Parliament and her ministerial roles in 2017 after successful treatment. She held the electorate of Auckland Central during her entire time in Parliament, overthrowing Labour's Judith Tizard in 2008, and was the first National MP to win the electorate. She became the Deputy Leader of the National Party in May 2020 when Muller took over from Simon Bridges. A beautiful soul with a deeply caring heart fueled by a ferocious energy to serve her party, community and country often at the expense of her own health. I will miss her dearly. Rest in peace Nikki — Todd Muller (@toddmullerBoP) November 25, 2024 Kaye has always been more on the socially liberal side of the National Party, voting in favour of MP Louisa Wall's Marriage (Definition of Marriage) Amendment Act 2013, allowing same-sex couples to legally marry. In an interview with RNZ's Nine to Noon programme in 2020, Kaye spoke about having breast cancer. "The other thing is, being diagnosed with breast cancer, and I've not talked in detail about my health before, I don't see life as a situation whereby you can always plan things and my view is that you have to live every moment and I have given everything to the party and the country," she said in tears. "You have to know when your time is up and you've given it your all."COLUMBUS, Ohio (AP) — Amazon Web Services will invest another $10 billion to bolster its data center infrastructure in Ohio. The company and Republican Gov. Mike DeWine announced the plan Monday. The new investment will boost the amount it has committed to spending in Ohio by the end of 2029 to more than $23 billion. AWS launched its first data centers in the state in 2016 and operates campuses in two counties in central Ohio, home to the capital city . The new investment will allow AWS to expand its data centers to new sites, but the company said those locations have not been determined yet and noted that its investment plans are contingent upon the execution of long-term energy service agreements. AWS said the new data centers will contain computer servers, storage drives, networking equipment and other forms of technology infrastructure used to power cloud computing, including artificial intelligence and machine learning. In June 2023, AWS said it would by the end of 2029 to expand its data center operations in central Ohio. That was on top of $6 billion already invested through 2022.
2 convicted in human smuggling case after Indian family froze to death on US-Canada borderTiger Woods to skip his holiday tournament in the Bahamas as his back healsLucknow: UP STF on Wednesday arrested three men involved in opening fraudulent corporate accounts and selling them to conmen, who in turn used them for cyber fraud . ASP, STF, Vishal Vikram Singh, stated that the account opened through the arrested men were used by conmen involved in the digital arrest of Dr Ashok Solanki in Lucknow, who lost Rs 48 lakh in the scam on Aug 20 this year. In all, the gang had orchestrated scams worth crores. The group has links with Cambodian operatives, said STF officials, who claimed that members were trained in " digital arrests " by Chinese gangs operating from Cambodia. In recent months, the group defrauded Rs 8 crore from a Noida hotel and siphoned additional amounts from Jaipur, Delhi, and Kerala through corporate accounts. Shyam Singh, 27, Harshal Kumar, 33, and Puneet Sharma, 25, all residents of Delhi, were arrested from Agra Expressway in Lucknow. Earlier, in Nov, STF had arrested seven people, including five from Gurugram and two from Lucknow in the similar case. The gang had called Dr Solanki of Vikasnagar on Aug 20, giving him information about a courier coming from Iran in his name containing drugs and illegal documents. After posing as a crime branch officer, they made him talk to a partner, digitally arrested him for two days, and cheated him of Rs 48 lakh. One of the accused, Shyam, revealed during interrogation that in Feb 2024, he was contacted by Karan alias Nagesh through a Telegram group. Karan offered him work on gaming, scamming, mixing, and stocks through WhatsApp calls. Karan alias Nagesh was arrested recently, the STF said.
Joe Burrow's home broken into during Monday Night Football in latest pro-athlete home invasion
Grey Market Labs announces $8M Series A funding led by Capri Ventures to accelerate growth of its Replica Platform - First of its kind "Secure Environment as a Service"WASHINGTON — A congressional task force investigating the attempts to kill Donald Trump during his presidential campaign is recommending changes to the Secret Service, including protecting fewer foreign leaders during the height of election season and considering moving the agency out of the Homeland Security Department. The 180-page report by the bipartisan task force released Tuesday is one of the most detailed looks so far into the July assassination attempt against Trump during a campaign rally in Pennsylvania and a second attempt in Florida two months later. Like the series of other investigations and reports, the task force railed at the agency tasked with protecting the top echelon of America’s democratic leaders. “The events of July 13, 2024, were tragic and preventable, and the litany of related security failures are unacceptable,” the authors wrote. “The Secret Service’s zero fail mission allows no margin for error, let alone for the many errors described in this report.” In the July shooting, a gunman opened fire from the roof of a nearby building, wounding Trump in the ear, killing one rallygoer and wounding two others. He was killed by a countersniper. In another assassination attempt in September, a gunman waited for hours for Trump to appear at his golf course in Florida, but a Secret Service agent thwarted the attack by spotting the firearm poking through some bushes. Here are the highlights of the new report and its recommendations: The report’s authors noted that the number of people the agency is tasked with protecting has “greatly expanded.” At the same time, the presidential campaign season is getting longer and more intense. The agency is also tasked with protecting foreign dignitaries during the U.N. General Assembly, when heads of state and government flood into New York. That event happens every September, which comes at the “height of campaign season,” the report noted, adding to the agency’s staffing crunch. “Congress, DHS, and the USSS should jointly consider the protective role the USSS plays for foreign leaders and consider whether such duties can be transferred or abrogated in order to focus on the USSS’s primary duty: to protect the President and other critical U.S. leaders,” the report said. The Secret Service is known for its high-profile work of protecting the president, the vice-president, presidential candidates, their families and others. But agents also carry out a wide range of investigations not related to their protective mission — investigating fraud and financial crimes, for example. Stemming from when the agency was part of the Treasury Department, those investigations are an important part of training Secret Service officers for skills they’ll need on protective details, agency leaders say. But the task force recommended reviewing these investigative responsibilities — especially during campaign season — so the agency “can prioritize the protection of U.S. leaders and candidates running for office.” “These non-protective, investigative functions require systemic review because of the USSS’s stunning failure to protect President-elect Trump on July 13,” the report said. “The Secret Service’s protective mission is at the core of the agency’s purpose — anything that distracts or diverts resources from the agency’s zero fail mission must be reconsidered.” Questioning whether the Secret Service should stay in the Homeland Security Department After DHS was created in the aftermath of the Sept. 11, 2001, attacks, the Secret Service was moved there from the Treasury Department. The task force suggested reevaluating that move. During the time Secret Service has been in the Homeland Security Department, “USSS has not benefited from stable leadership,” the lawmakers said. They said the structure “potentially weakens USSS, a small but critically important agency, in advocating for its budget and other priorities inside a much larger entity.” “A fresh look at whether USSS might benefit from the status of an independent agency, with more freedom to make budget requests and advocate for itself, would be a healthy discussion for former USSS leaders to have with Congress,” the task force said. The task force said the gunman in Butler, Pennsylvania, Thomas Crooks, exploited gaps in protection because of a lack of assets and staff. Specifically, the panel noted that the Secret Service, already dealing with the increased tempo of a presidential campaign, was protecting not one but two high-profile people that day in close vicinity to each other, with first lady Jill Biden at a nearby event. In one example highlighting the lack of resources at the Trump rally, the task force said there should have been a counter-surveillance unit in Butler, and if there had been one assigned that day, it might have spotted the shooter earlier. Such a counter-surveillance team was in place for the Biden event, the report noted, although that event was indoors. “From interviews with special agents on the ground, it appears that the main factor in the decision to not request (the counter-surveillance unit) was an assumption that the request would be denied due to the protectee’s status as a former President at the time of the event,” the report said. Much of the criticism in the aftermath of the July assassination attempt has centered on how the shooter could have gotten access to a roof with a clear line of sight to Trump and why there was such poor communications between the Secret Service and local law enforcement. The Secret Service often relies on local law enforcement to secure large events. The report detailed how local law enforcement had one idea of its responsibilities while the Secret Service had another. But the task force emphasized that ultimately the Secret Service is responsible for ensuring that coordination runs smoothly. “The Secret Service must own responsibility for the security of the site,” the report said.
Gainers Chimerix CMRX shares moved upwards by 150.9% to $2.17 during Tuesday's pre-market session. The market value of their outstanding shares is at $195.1 million. Cumberland CPIX shares rose 136.29% to $2.93. The company's market cap stands at $41.1 million. Cardiff Oncology CRDF shares rose 47.54% to $3.6. The market value of their outstanding shares is at $184.0 million. NewAmsterdam Pharma NAMS stock rose 35.74% to $25.14. The market value of their outstanding shares is at $2.3 billion. Psyence Biomedical PBM stock moved upwards by 31.88% to $2.73. The market value of their outstanding shares is at $2.3 million. Gelteq GELS stock increased by 23.87% to $4.41. The company's market cap stands at $41.6 million. Losers CervoMed CRVO stock decreased by 73.8% to $2.69 during Tuesday's pre-market session. The company's market cap stands at $22.2 million. Biora Therapeutics BIOR stock fell 47.78% to $0.7. The company's market cap stands at $3.1 million. Radiopharm Theranostics RADX stock decreased by 23.75% to $7.0. The market value of their outstanding shares is at $15.2 billion. Iterum Therapeutics ITRM shares declined by 16.87% to $2.42. The market value of their outstanding shares is at $66.5 million. China SXT Pharmaceuticals SXTC shares declined by 15.07% to $0.41. The market value of their outstanding shares is at $1.6 million. BioSig Technologies BSGM shares decreased by 13.64% to $0.95. The company's market cap stands at $16.3 million. See Also: www.benzinga.com/money/best-healthcare-stocks/ This article was generated by Benzinga's automated content engine and reviewed by an editor. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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