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Salah se siente bien en Liverpool a pesar del estancamiento contractual, afirma SlotNEW YORK (AP) — U.S. stocks closed at more records after Donald Trump’s latest talk about tariffs created only some ripples on Wall Street. The S&P 500 rose 0.6% to reach another all-time high. The Dow Jones Industrial Average added 0.3% to its own record set the day before, while the Nasdaq composite rose 0.6% as Big Tech stocks helped lead the way. Stock markets abroad saw mostly modest losses, after President-elect Trump said he plans to impose sweeping tariffs on Mexico, Canada and China as soon as he takes office. U.S. automakers and other companies that could be hurt particularly by such tariffs fell. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. NEW YORK (AP) — U.S. stocks are rising toward records Tuesday after Donald Trump’s latest talk about tariffs created only some ripples on Wall Street, even if they could roil the global economy were they to take effect. People are also reading... The S&P 500 climbed 0.5% and was on track to top its all-time high set a couple weeks ago. The Dow Jones Industrial Average added 81 points, or 0.2%, to its own record set the day before, while the Nasdaq composite was 0.5% higher, with less than an hour remaining in trading. Stock markets abroad were down, but mostly only modestly, after President-elect Trump said he plans to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office. Stock indexes were down 0.1% in Shanghai and nearly flat in Hong Kong, while Canada's main index edged down by just 0.1%. Trump has often praised the use of tariffs , but investors are weighing whether his latest threat will actually become policy or is just an opening point for negotiations. For now, the market seems to be taking it more as the latter. Unless the United States can prepare alternatives for the autos, energy products and other goods that come from Mexico, Canada and China, such tariffs would raise the price of imported items all at once and make households poorer, according to Carl Weinberg and Rubeela Farooqi, economists at High Frequency Economics. They would also hurt profit margins for U.S. companies, while raising the threat of retaliatory tariffs by other countries. General Motors sank 8.2%, and Ford Motor fell 2.6% because both import automobiles from Mexico. Constellation Brands, which sells Modelo and other Mexican beer brands in the United States, dropped 3.9%. Beyond the pain such tariffs would cause U.S. households and businesses, they could also push the Federal Reserve to slow or even halt its cuts to interest rates. The Fed had just begun easing its main interest rate from a two-decade high a couple months ago to offer support to the job market . While lower interest rates can boost the overall economy and prices for investments, they can also offer more fuel for inflation. “Many” officials at the Fed's last meeting earlier this month said they should lower rates gradually, according to minutes of the meeting released Tuesday afternoon. Unlike tariffs in Trump's first term, his proposal from Monday night would affect products across the board. Trump’s tariff talk came almost immediately after U.S. stocks rose Monday amid excitement about his pick for Treasury secretary, Scott Bessent. The hope was the hedge-fund manager could steer Trump away from policies that balloon the U.S. government deficit, which is how much more it spends than it takes in through taxes and other revenue. The talk about tariffs overshadowed another set of mixed profit reports from U.S. retailers that answered few questions about how much more shoppers can keep spending. They’ll need to stay resilient after helping the economy avoid a recession, despite the high interest rates instituted by the Fed to get inflation under control. Kohl’s tumbled 17.6% after its results for the latest quarter fell short of analysts’ expectations. CEO Tom Kingsbury said sales remain soft for apparel and footwear. A day earlier, Kingsbury said he plans to step down as CEO in January. Ashley Buchanan, CEO of Michaels and a retail veteran, will replace him. Best Buy fell 4.7% after likewise falling short of analysts’ expectations. Dick’s Sporting Goods topped forecasts for the latest quarter thanks to a strong back-to-school season, but its stock lost an early gain to fall 1.4%. A report on Tuesday from the Conference Board said confidence among U.S. consumers improved in November, but not by as much as economists expected. J.M. Smucker jumped 5.4% for one of the biggest gains in the S&P 500 after topping analysts' expectations for the latest quarter. CEO Mark Smucker credited strength for its Uncrustables, Meow Mix, Café Bustelo and Jif brands. Big Tech stocks also helped prop up U.S. indexes. Gains of 2.8% for Amazon and 2% for Microsoft were the two strongest forces lifting the S&P 500. In the bond market, Treasury yields rose following their big drop from a day before driven by relief following Trump’s pick for Treasury secretary. The yield on the 10-year Treasury climbed to 4.30% from 4.28% late Monday, but it’s still well below the 4.41% level where it ended last week. In the crypto market, bitcoin continued to pull back after topping $99,000 for the first time late last week. It's since dipped back toward $91,600, according to CoinDesk. It’s a sharp turnaround from the bonanza that initially took over the crypto market following Trump’s election. That boom had also appeared to have spilled into some corners of the stock market. Strategists at Barclays Capital pointed to stocks of unprofitable companies, along with other areas that can be caught up in bursts of optimism by smaller-pocketed “retail” investors. AP Business Writer Elaine Kurtenbach contributed. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. The business news you need Get the latest local business news delivered FREE to your inbox weekly.Travis Hunter and Ashton Jeanty give this year's Heisman Trophy ceremony a different vibewww.50 jili.com login

Syria latest: Syrians celebrate in the streets as Russian media says Assad has arrived in MoscowSir Keir Starmer has vowed to usher in a " new golden era of building " as he takes aim at "blockers and bureaucrats" who he claims have throttled economic growth and made homeownership unattainable. Writing in The Times , the prime minister attacked nimbys and environmentalists who he says have stymied economic progress in the UK. Sir Keir has directed ministers to draft laws that would simplify complex environmental regulations, which he argues can add millions to the cost of development and cause lengthy delays. These proposed reforms aim to eliminate the "case-by-case negotiations" currently required under habitat regulations inherited from EU law. By allowing developers to offset environmental damage by funding broader environmental improvements, Sir Keir hopes to avoid protracted negotiations over individual projects. He highlighted the HS2 project, which was compelled to spend £100 million constructing a tunnel for bats, as an "absurd spectacle" that must end. "This government will not accept this nonsense any more," he said. Ministers are considering designating specific areas of the country as key infrastructure sites to expedite project approvals. This move would streamline the process, allowing projects to avoid the lengthy and uncertain approval procedures currently in place. Sir Keir’s comments came as he unveiled a new "plan for government" focused on six key areas: health, housebuilding, education, the economy, crime, and net zero. He said these milestones would enable the public to hold the government accountable by the next election. However, Sir Keir faced criticism for appearing to dilute Labour’s election pledge to generate "100 per cent" clean power by 2030 and for not setting specific targets to reduce either legal or illegal migration. Central to Sir Keir’s economic strategy is Labour’s target of building 1.5 million homes by 2030 and fast-tracking planning decisions on 150 major infrastructure projects. He promised to build "roads, grid connections, laboratories, train lines, warehouses, wind farms, power stations," and to confront the "alliance of naysayers" that he says have impeded progress. Writing in The Times , Sir Keir explicitly targeted those who use environmental regulations to delay building, asserting that he would not shy away from confronting local development opponents. He described rising homelessness and falling homeownership as "a shame and a failure of our politics." He lamented Britain’s failure to build a reservoir for over 30 years and criticized the "endless hoops" that every infrastructure project must jump through, only to face opposition and delays. Using the example of the costly bat tunnel in the HS2 project, he underscored the need for more efficient processes. Sir Keir pledged to double infrastructure project approvals compared to the previous Conservative government, acknowledging that both the government and developers would need to "stretch ourselves to the max" to achieve these goals. He anticipated resistance to his planning reforms but welcomed the challenge, saying: "I always knew there would be resistance to our planning reform. Let me say this — I won’t shy from this argument. In fact, I welcome it. Where there are blockers putting the brakes on, it’s a sign you are delivering real change." Sir Keir’s remarks coincided with deputy prime minister Angela Rayner approving a multimillion pound plan by Marks and Spencer to redevelop its flagship Oxford Street store, a project previously blocked by Michael Gove. Stuart Machin, M&S’s chief executive, expressed his satisfaction with the decision but criticized the "three unnecessary years of delays, obfuscation and political posturing" under the previous government.



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