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Gaetz withdrawal as attorney general pick shows GOP can still say no to Trump. What's next?F1 Breaking: New Team Confirmed To Join Grid in 2026NEW YORK — U.S. stocks tiptoed to more records during a mixed Tuesday of trading, tacking a touch more onto what's already been a stellar year. The S&P 500 edged up 2 points, or less than 0.1%, to set an all-time high for the 55th time this year. It's climbed in 10 of the past 11 days and is on track for one of its best years since the turn of the millennium. The Dow Jones Industrial Average slipped 76 points, or 0.2%, while the Nasdaq composite added 0.4% to its own record set a day earlier. AT&T rose 4.6% after it boosted its profit forecast for the year. It also announced a $10 billion plan to send cash to its investors by buying back its own stock, while saying it expects to authorize another $10 billion of repurchases in 2027. On the losing end of Wall Street was U.S. Steel, which fell 8%. President-elect Donald Trump reiterated on social media that he would not let Japan's Nippon Steel take over the iconic Pennsylvania steelmaker. Nippon Steel announced plans in December 2023 to buy the Pittsburgh-based steel producer for $14.1 billion in cash, raising concerns about what the transaction could mean for unionized workers, supply chains and U.S. national security. Earlier this year, President Joe Biden also came out against the acquisition. Tesla sank 1.6% after a judge in Delaware reaffirmed a previous ruling that the electric car maker must revoke Elon Musk's multibillion-dollar pay package. The judge denied a request by attorneys for Musk and Tesla's corporate directors to vacate her ruling earlier this year requiring the company to rescind the unprecedented pay package. All told, the S&P 500 rose 2.73 points to 6,049.88. The Dow fell 76.47 to 44,705.53, and the Nasdaq composite gained 76.96 to 19,480.91. In the bond market, Treasury yields held relatively steady after a report showed U.S. employers were advertising slightly more job openings at the end of October than a month earlier. Continued strength there would raise optimism that the economy could remain out of a recession that many investors had earlier worried was inevitable. The yield on the 10-year Treasury rose to 4.23% from 4.20% from late Monday. Yields have seesawed since Election Day amid worries that Trump's preferences for lower tax rates and bigger tariffs could spur higher inflation along with economic growth. But traders remain confident the Federal Reserve will cut its main interest rate again at its next meeting in two weeks. They're betting on a nearly 3-in-4 chance of that, according to data from CME Group. Lower rates can give the economy more juice, but they can also give inflation more fuel. Get local news delivered to your inbox!
Swiss National Bank Sells 500 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)There’s something special about her choir’s holiday concert, says VOENA Children’s Choir Founder/Director Annabelle Marie, eyeing a show at Mare Island’s St. Peter’s Chapel that could be one of its biggest fundraisers yet. “The feeling of being in a chapel like that, especially with the Tiffany glass, and the kids in their Victorian costuming, I don’t know, to me that’s magic,” says Marie. Set for Dec. 8, the concert will feature the VOENA singers, St. Peter Chapel’s silver handbells, and special guest DrumDala. In addition, because of high demand at last year’s concert, there will be both a matinee and evening performance this year, the latter of which will be by candlelight. The event is also a fundraiser for VOENA. Because of its non-profit status, VOENA relies on fundraising events, grants and donations for much of their funding, which Marie says helps keep costs down for members. Lynn Anderson of the Mare Island Historic Park Foundation suggested the fundraiser idea, says Marie. The funds raised will go to money for scholarships, supplies, and instruments. The handbells that will be used in the concert come have a special history. “They actually found handbells, these German handbells, three cases of them, in the attic at St. Peter’s Chapel,” says Marie. “All handmade. There must be four or five octaves.” After asking if they could be incorporated into the choir’s performance, Marie selected the bells that would best accompany selected pieces of music. A member of VOENA then ordered the parts to repair the old bells, which are ready to be played. The bells aren’t the only new sound expected to come from St. Peter’s Chapel the night of the concert. Richard Sherwood, otherwise known as DrumDala, is the creator of his mandala of drums. Although he’s been featured with the choir before, he has never performed in St. Peter’s Chapel. Sherwood listens to the choir’s musical arrangements and then incorporates his drums into the songs. The result, says Marie, is “stunningly beautiful.” The drums take up a lot of space, so fitting them into a not-so-big chapel poses quite the challenge. Although VOENA has around 70 singers, only the upper level singers will be performing in the concert due to capacity limitations, says Marie. For those who are getting ready to perform, rehearsals are well underway, perfecting what Marie calls “physical singing.” “Physical singing” is not the typical stoic choir that most people are familiar with. Marie says this style of performance allows the singers to channel their energy and holiday jitters in a productive way. Marie also incorporates untraditional arrangements into VOENA’s concerts. This year’s “Carol of the Bells,” for example, will include sections in Ukrainian and have “Game of Thrones” undertones. “We were in Croatia last summer and when we went to Dubrovnik, we got to see a lot of places inside the Dubrovnik castle where “Game of Thrones” was filmed. So, I was inspired, you know, to incorporate some of the melodic motives of “Game of Thrones” into this arrangement,” says Marie. “It’s so cool.” Despite every new addition to this year’s concert, Marie says the VOENA Children’s Choir is the perfect way to kick off the holiday season. “We’ve had so many people in the past say that it really set up their holidays and their holiday season by seeing a VOENA concert,” she says. “That’ll set up mine too actually.”NEW YORK — U.S. stocks tiptoed to more records during a mixed Tuesday of trading, tacking a touch more onto what's already been a stellar year. The S&P 500 edged up 2 points, or less than 0.1%, to set an all-time high for the 55th time this year. It's climbed in 10 of the past 11 days and is on track for one of its best years since the turn of the millennium. The Dow Jones Industrial Average slipped 76 points, or 0.2%, while the Nasdaq composite added 0.4% to its own record set a day earlier. AT&T rose 4.6% after it boosted its profit forecast for the year. It also announced a $10 billion plan to send cash to its investors by buying back its own stock, while saying it expects to authorize another $10 billion of repurchases in 2027. On the losing end of Wall Street was U.S. Steel, which fell 8%. President-elect Donald Trump reiterated on social media that he would not let Japan's Nippon Steel take over the iconic Pennsylvania steelmaker. Nippon Steel announced plans in December 2023 to buy the Pittsburgh-based steel producer for $14.1 billion in cash, raising concerns about what the transaction could mean for unionized workers, supply chains and U.S. national security. Earlier this year, President Joe Biden also came out against the acquisition. Tesla sank 1.6% after a judge in Delaware reaffirmed a previous ruling that the electric car maker must revoke Elon Musk's multibillion-dollar pay package. The judge denied a request by attorneys for Musk and Tesla's corporate directors to vacate her ruling earlier this year requiring the company to rescind the unprecedented pay package. All told, the S&P 500 rose 2.73 points to 6,049.88. The Dow fell 76.47 to 44,705.53, and the Nasdaq composite gained 76.96 to 19,480.91. In the bond market, Treasury yields held relatively steady after a report showed U.S. employers were advertising slightly more job openings at the end of October than a month earlier. Continued strength there would raise optimism that the economy could remain out of a recession that many investors had earlier worried was inevitable. The yield on the 10-year Treasury rose to 4.23% from 4.20% from late Monday. Yields have seesawed since Election Day amid worries that Trump's preferences for lower tax rates and bigger tariffs could spur higher inflation along with economic growth. But traders remain confident the Federal Reserve will cut its main interest rate again at its next meeting in two weeks. They're betting on a nearly 3-in-4 chance of that, according to data from CME Group. Lower rates can give the economy more juice, but they can also give inflation more fuel. Get local news delivered to your inbox!
The expanded Big Ten is poised to be a major player in this season's College Football Playoff. The 18-team conference had three of the top-four teams in the AP poll this week — No. 1 Oregon, No. 2 Ohio State and No. 4 Penn State. A one-loss Indiana team is ranked 10th but is still very much a contender to make the playoff, given how many Southeastern Conference teams have three defeats or more. Indiana's rise has been perhaps the Big Ten's biggest story this season. Much of the spotlight was on newcomers Oregon, Southern California, UCLA and Washington, but aside from the top-ranked Ducks, that foursome has struggled to impress. Meanwhile, the Hoosiers won their first 10 games under new coach Curt Cignetti before losing at Ohio State last weekend. Oregon beat Ohio State 32-31 back in October, and if the Buckeyes beat rival Michigan this weekend, they'll earn a rematch with the Ducks for the Big Ten title. And it's entirely possible another matchup between those two teams awaits in the CFP. Dillon Gabriel has quarterbacked Oregon to an unbeaten record, throwing for 3,066 yards and 22 touchdowns in 11 games. But don't overlook Iowa's Kaleb Johnson and his 21 rushing TDs, and quarterback Kurtis Rourke has been a big part of Indiana's improvement. Penn State's Abdul Carter has eight sacks and two forced fumbles and could be one of the top edge rushers drafted this year. Oregon (11-0, 8-0), Ohio State (10-1, 7-1), Penn State (10-1, 7-1), Indiana (10-1, 7-1), Illinois (8-3, 5-3), Iowa (7-4, 5-3), Michigan (6-5, 4-4), Minnesota (6-5, 4-4), Washington (6-5, 4-4), Southern California (6-5, 4-5), Nebraska (6-5, 3-5) and Rutgers (6-5, 3-5) have already reached the six-win mark for bowl eligibility. Michigan State (5-6, 3-5) and Wisconsin (5-6, 3-5) can join them. There may not be many firings in general at the top level of college football. The prospect of sharing revenue with athletes in the future might lead schools to be more judicious about shedding one coach and hiring a new one. Who should be most worried in the Big Ten? Well, Lincoln Riley is struggling to stay above .500 in his third season at USC. Purdue is 1-10, but coach Ryan Walters is only in his second season. Maryland's Mike Locksley has been there six years and his Terrapins are 4-7, but this was his first real step backward after guiding the team to three straight bowl wins. Cignetti has shown it is possible for a coaching change to push a previously moribund program to some impressive heights in a short amount of time — but the improvement has been more incremental at Michigan State following Jonathan Smith's arrival. Sherrone Moore wasn't a completely unknown commodity at Michigan after he won some massive games in place of a suspended Jim Harbaugh last year. But in his first season completely at the helm, the Wolverines have declined significantly following their national title a season ago. The Big Ten is home to one of the most dynamic freshmen in the country in Ohio State receiver Jeremiah Smith. He has 52 catches for 899 yards and nine touchdowns. Highly touted quarterback Dylan Raiola has teamed up with fellow freshman Jacory Barney (49 catches) to lead Nebraska to bowl eligibility. Ohio State is on track to land the Big Ten's top class, according to 247 Sports, but the big news recently was quarterback Bryce Underwood flipping from LSU to Michigan. If the Wolverines do in fact keep Underwood in his home state, that would be a big development for Moore. Get local news delivered to your inbox!Maharashtra: Jeetendra Awhad Files FIR Against NCP Leader Rupali Thombre Over Fake WhatsApp Chat AllegationsOVP Undersecretary and Vice President Sara Duterte’s chief of staff, Atty. Zuleika Lopez —Inquirer/Grig Montegrande MANILA, Philippines — What is the extent of Congress’ power to detain its resource persons outside their facilities? These questions, for legal experts, could eventually be challenged before the courts in light of the heated standoff between Vice President Sara Duterte and the House of Representatives, which sought to move her chief of staff Zuleika Lopez to the Mandaluyong Correctional Institution for Women (CIW) to serve her contempt citation early Saturday morning. Human rights lawyer Chel Diokno pointed out that while the power of contempt is a “broad power, [whether] and how that power can be exercised could be subject to judicial review.” “The place of detention—that issue may eventually reach the courts,” he said. READ: House panel moves to cite OVP exec Lopez for contempt The power of contempt is an inherent power by Congress to compel witnesses to testify or produce documents during legislative inquiries. It has been popularized recently by the House quad committee investigating criminal activities linked to the Duterte administration. It has cited dozens of resource persons in contempt for lying, refusing to attend, or refusing to answer lawmakers’ questions. Persons cited for contempt are usually held in the House’s 16-person detention facility. However, some resource persons are held in city jails when the facility is full, or in the case of alleged offshore gaming shareholder Cassandra Ong, transferred to the CIW when facing multiple contempt citations. Constitutionalist and policy consultant Michael Henry Yusingco said that while a 2023 Supreme Court ruling clarified the extent of Congress’ contempt powers, the Constitution does not allow it to render a penal punishment. The CIW is a facility for convicted felons, as Lopez pointed out when she resisted being transferred. But the House said they merely wanted to move her to a facility with enough security to handle Duterte, who had insisted on staying with her throughout her detention. Yusingco said Congress does not even have the power to detain persons outside their headquarters “just by the very definition of who they are.” “They are lawmakers, they are not judges. So the proceedings that they do, they are legislative in character and purpose, it’s not a criminal proceeding. And therefore lawmakers cannot render any penal punishment—so they cannot send anyone, detain anyone in a prison,” Yusingco said. This is why, he added, the 2023 ruling was clear about the limitations of the contempt powers of Congress. The ruling said that while Congress is not precluded from compelling its resource persons or witnesses to appear in its proceedings, its powers of legislative investigation are subject to three limitations: 1) it must be in “aid of legislation”; 2) conducted in accordance with its duly published rules of procedures; and 3) the rights of persons appearing in or affected by such inquiries shall be respected. Detention must also only last until the termination of the legislative inquiry, the Supreme Court said. Sought for comment, House Secretary General Reginald Velasco maintained that Lopez was treated well and not subjected to any ill-treatment. Subscribe to our daily newsletter By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . “Claims of a delayed response are unfounded ... After receiving a clean bill of health at VMMC (Veterans Memorial Medical Center), Atty. Lopez was later transported to St. Luke’s Medical Center by OVP (Office of the Vice President) staff for further evaluation. She was declared stable and subsequently returned to VMMC, accompanied by House representatives to ensure her safety,” Velasco said.
NEW YORK (AP) — U.S. stocks tiptoed to more records amid a mixed Tuesday of trading, tacking a touch more onto what’s already been a stellar year so far. The S&P 500 edged up by 2 points, or less than 0.1%, to set an all-time high for the 55th time this year. It’s climbed in 10 of the last 11 days and is on track for one of its best years since the turn of the millennium. The Dow Jones Industrial Average slipped 76 points, or 0.2%, while the Nasdaq composite added 0.4% to its own record set a day earlier. AT&T rose 4.6% after it boosted its profit forecast for the year. It also announced a $10 billion plan to send cash to its investors by buying back its own stock, while saying it expects to authorize another $10 billion of repurchases in 2027. On the losing end of Wall Street was U.S. Steel, which fell 8%. President-elect Donald Trump reiterated on social media that he would not let Japan’s Nippon Steel take over the iconic Pennsylvania steelmaker. Nippon Steel announced plans last December to buy the Pittsburgh-based steel producer for $14.1 billion in cash, raising concerns about what the transaction could mean for unionized workers, supply chains and U.S. national security. Earlier this year, President Joe Biden also came out against the acquisition. Tesla sank 1.6% after a judge in Delaware reaffirmed a previous ruling that the electric car maker must revoke Elon Musk’s multibillion-dollar pay package. The judge denied a request by attorneys for Musk and Tesla’s corporate directors to vacate her ruling earlier this year requiring the company to rescind the unprecedented pay package. All told, the S&P 500 rose 2.73 points to 6,049.88. The Dow fell 76.47 to 44,705.53, and the Nasdaq composite gained 76.96 to 19,480.91. In the bond market, Treasury yields held relatively steady after a report showed U.S. employers were advertising slightly more job openings at the end of October than a month earlier. Continued strength there would raise optimism that the economy could remain out of a recession that many investors had earlier worried was inevitable. The yield on the 10-year Treasury rose to 4.23% from 4.20% from late Monday. Yields have seesawed since Election Day amid worries that Trump’s preferences for lower tax rates and bigger tariffs could spur higher inflation along with economic growth. But traders are still confident the Federal Reserve will cut its main interest rate again at its next meeting in two weeks. They’re betting on a nearly three-in-four chance of that, according to data from CME Group. Lower rates can give the economy more juice, but they can also give inflation more fuel. The key report this week that could guide the Fed’s next move will arrive on Friday. It’s the monthly jobs report , which will show how many workers U.S. employers hired and fired during November. It could be difficult to parse given how much storms and strikes distorted figures in October. Based on trading in the options market, Friday’s jobs report appears to be the biggest potential market mover until the Fed announces its next decision on interest rates Dec. 18, according to strategists at Barclays Capital. In financial markets abroad, the value of South Korea’s currency fell 1.1% against the U.S. dollar following a frenetic night where President Yoon Suk Yeol declared martial law and then later said he’d lift it after lawmakers voted to reject military rule. Stocks of Korean companies that trade in the United States also fell, including a 1.6% drop for SK Telecom. Japan’s Nikkei 225 jumped 1.9% to help lead global markets. Some analysts think Japanese stocks could end up benefiting from Trump’s threats to raise tariffs , including for goods coming from China . Trade relations between the U.S. and China took another step backward after China said it is banning exports to the U.S. of gallium, germanium, antimony and other key high-tech materials with potential military applications. The counterpunch came swiftly after the U.S. Commerce Department expanded the list of Chinese technology companies subject to export controls to include many that make equipment used to make computer chips, chipmaking tools and software. The 140 companies newly included in the so-called “entity list” are nearly all based in China. In China, stock indexes rose 1% in Hong Kong and 0.4% in Shanghai amid unconfirmed reports that Chinese leaders would meet next week to discuss planning for the coming year. Investors are hoping it may bring fresh stimulus to help spur growth in the world’s second-largest economy. In France, the CAC 40 rose 0.3% amid continued worries about politics in Paris , where the government is battling over the budget. AP Business Writers Yuri Kageyama and Matt Ott contributed. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. Get local news delivered to your inbox!