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Autodesk appoints Janesh Moorjani as chief financial officer(Bloomberg) -- Treasury yields rose on Monday as traders continue to see a slower pace of interest rate reductions by the Federal Reserve next year and the potential worsening of country’s fiscal backdrop under President-elect Donald Trump’s administration. The rise in longer-term Treasury yields outstripped that of shorter maturities, adding to the yield-curve steepening momentum of recent weeks. The gap between 10-year yields and those that mature in two years is hovering at about 25 basis points, up from nearly zero at the start of the month. Two-year yields were at one point 51 basis points above those of 10-year notes earlier this year in late June, in a so-called inverted yield curve pattern. The moves Monday built on a rise in yields last week following US central bank officials latest quarterly projections — dubbed the dot plot — in which they halved estimates for the total amount of rate reductions next year. The forecasts, according to the median level, also notched higher the outlook for the Fed’s long-run rate, taken in the market as a proxy for the central bank’s neutral policy level. “The long-end has been kind of flexing its muscles, with investors lifting risk-premium they see in the debt,” said Andrew Brenner, head of international fixed income at NatAlliance Securities. “The fiscal situation is one factor behind the rise in long-end risk premium as well as the outlook for more supply. Overall what we are seeing is a normalization of the yield curve.” Interest-rate swaps contracts show that traders are betting on less than the two-quarter point cuts officials signaled in their dot plot. Through the end of 2025, the contracts are pricing in just 0.33 percentage points of rate reductions. There are no Fed officials slated to speak this week. Treasuries remained under selling pressure Monday despite a weaker-than-expected report on US consumer confidence and solid demand at an auction of two-year notes. Confidence unexpectedly sank in December for the first time in three months on concerns over politics and the outlook for tariffs and economy. What Bloomberg Strategists Say ... “In its latest dot plot, the Fed has implicitly outlined a real neutral policy rate of 100 basis points, a rate it has raised successively this year. While the real neutral rate may not be that high, Treasury 10-year yields need to reflect both the skepticism that the Fed policy is on auto pilot and that the real neutral rate may be more elevated than its dot plot estimate.” — Ven Ram, Cross-Assets Strategist, Dubai Click here to read the full report Treasury securities received solid demand at a $69 billion sale of two-year notes on Monday and ahead of the sale of $70 billion in five-year notes on Tuesday and $44 billion in seven-year notes on Thursday. “Despite the suggestion from the dot plot that the Fed may decelerate the pace of easing over the course of 2025, the 2-year versus 10-year yield curve did not re-flatten,” said Chris Ahrens, a strategist at Stifel Nicolaus & Co. “This may be signaling that there is a transition occurring whereby fiscal concerns and general policy uncertainty will lead investors to demand a higher term premium on long-term Treasuries,” he said. Tuesday will be a shortened trading session for both bonds and stocks in the US ahead of Wednesday’s Christmas holiday. Equity markets will shutter on Tuesday at 1:00 p.m. New York time while bond trading will end an hour later. Trading will resume on Thursday when focus turns to economic releases and the weekly jobless claims report. (Updates rates throughout.) More stories like this are available on bloomberg.com ©2024 Bloomberg L.P.
The opposition in Singapore is here to stay and there is "no chance" of an opposition wipe-out happening in the next general election, Prime Minister Lawrence Wong said. He was speaking at the People's Action Party (PAP) party conference on Nov. 24, 2024 where he spoke about the political challenges that Singapore is facing. No chance of opposition wipe-out Opposition MPs have been in Parliament ever since 1981 , when JB Jeyaretnam of the Workers' Party was elected in the Anson by-election. With the Non-constituency Member of Parliament (NCMP) scheme, Singaporeans are also guaranteed of at least 12 opposition MPs in parliament, PM Wong said. However, given the desire for more opposition voices, the "bigger risk we face" is the loss of a government that's "stable", "strong" and "good". The next election will bring high stakes, and there are "no longer any safe seats". This means that there is no guarantee that the PAP will win and form a stable government, he explained. PM Wong added that the opposition themselves admit that they are not yet ready to form the government. In April 2024, WP leader Pritam Singh clarified that his party's medium-term goal is to "play their part" to deny the PAP a majority of more than two-thirds of the seats in Parliament, following an opinion column in the Straits Times. PM Wong cautioned that it does not take a large number of swing votes to significantly change electoral outcomes. "A modest swing in popular votes against the PAP can lead to very different electoral outcomes. We are talking very possibly the loss of another three or four GRCs. That means we lose another four or five ministers, or a quarter of the Cabinet. We will end up with a much weaker government; with far less ability to solve the problems facing our people and our country, at a time when the world is becoming more uncertain and troubled." Challenges in recruiting One of PM Wong's priorities is to assemble the "best team for Singapore". He outlined his challenges in getting potential candidates to join, as many Singaporeans are reluctant to change their lifestyles or subject themselves to public scrutiny. PM Wong had also asked his predecessors, Senior Minister Lee Hsien Loong, and Emeritus Senior Minister Goh Chok Tong, for advice on this front. "It's never easy to get good people to enter politics. I asked my two predecessors, ESM Goh and SM Lee, 'Do you have any advice and tips for me?' They say, 'Just do your best, this has always been challenging.' They too face difficulties attracting good people to join. In fact, I've seen how SM Lee agonised over this when I worked with him at that time, I didn't quite fully understand the significance of this work. Now, having taken over, I realise it's absolutely the most important, the most crucial, the most urgent thing I have to do." While he shared that he has made some progress on that front, he still hopes to persuade a few more to join the team. These new candidates will be presented as the campaign approaches. Top photo from PAP Singapore/Facebook, Mothership.
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Forthright and fearless, the Nobel Prize winner took pot-shots at former prime minister Tony Blair and ex-US president George W Bush among others. His death came after repeated bouts of illness in which images of the increasingly frail former president failed to erase memories of his fierce spirit. Democrat James Earl “Jimmy” Carter Jr swept to power in 1977 with his Trust Me campaign helping to beat Republican president Gerald Ford. Serving as 39th US president from 1977 to 1981, he sought to make government “competent and compassionate” but was ousted by the unstoppable Hollywood appeal of a certain Ronald Reagan. A skilled sportsman, Mr Carter left his home of Plains, Georgia, to join the US Navy, returning later to run his family’s peanut business. A stint in the Georgia senate lit the touchpaper on his political career and he rose to the top of the Democratic movement. But he will also be remembered for a bizarre encounter with a deeply disgruntled opponent. The president was enjoying a relaxing fishing trip near his home town in 1979 when his craft was attacked by a furious swamp rabbit which reportedly swam up to the boat hissing wildly. The press had a field day, with one paper bearing the headline President Attacked By Rabbit. Away from encounters with belligerent bunnies, Mr Carter’s willingness to address politically uncomfortable topics did not diminish with age. He recently said that he would be willing to travel to North Korea for peace talks on behalf of US President Donald Trump. He also famously mounted a ferocious and personal attack on Tony Blair over the Iraq war, weeks before the prime minister left office in June 2007. Mr Carter, who had already denounced George W Bush’s presidency as “the worst in history”, used an interview on BBC radio to condemn Mr Blair for his tight relations with Mr Bush, particularly concerning the Iraq War. Asked how he would characterise Mr Blair’s relationship with Mr Bush, Mr Carter replied: “Abominable. Loyal, blind, apparently subservient. “I think that the almost undeviating support by Great Britain for the ill-advised policies of President Bush in Iraq have been a major tragedy for the world.” Mr Carter was also voluble over the Rhodesia crisis, which was about to end during his presidency. His support for Robert Mugabe at the time generated widespread criticism. He was said to have ignored the warnings of many prominent Zimbabweans, black and white, about what sort of leader Mugabe would be. This was seen by Mr Carter’s critics as “deserving a prominent place among the outrages of the Carter years”. Mr Carter has since said he and his administration had spent more effort and worry on Rhodesia than on the Middle East. He admitted he had supported two revolutionaries in Mugabe and Joshua Nkomo, and with hindsight said later that Mugabe had been “a good leader gone bad”, having at first been “a very enlightened president”. One US commentator wrote: “History will not look kindly on those in the West who insisted on bringing the avowed Marxist Mugabe into the government. “In particular, the Jimmy Carter foreign policy... bears some responsibility for the fate of a small African country with scant connection to American national interests.” In recent years Mr Carter developed a reputation as an international peace negotiator. He won the Nobel Peace Prize in 2002 for his commitment to finding peaceful solutions to international conflicts, his work with human rights and democracy initiatives, and his promotion of economic and social programmes. Mr Carter was dispatched to North Korea in August 2008 to secure the release of US citizen Aijalon Mahli Gomes, who had been sentenced to eight years of hard labour after being found guilty of illegally entering North Korea. He successfully secured the release of Mr Gomes. In 2010 he returned to the White House to greet President Barack Obama and discuss international affairs amid rising tensions on the Korean peninsula. Proving politics runs in the family, in 2013 his grandson Jason, a state senator, announced his bid to become governor in Georgia, where his famous grandfather governed before becoming president. He eventually lost to incumbent Republican Nathan Deal. Fears that Mr Carter’s health was deteriorating were sparked in 2015 when he cut short an election observation visit in Guyana because he was “not feeling well”. It would have been Mr Carter’s 39th trip to personally observe an international election. Three months later, on August 12, he revealed he had cancer which had been diagnosed after he underwent surgery to remove a small mass in his liver. Mr Obama was among the well-wishers hoping for Mr Carter’s full recovery after it was confirmed the cancer had spread widely. Melanoma had been found in his brain and liver, and Mr Carter underwent immunotherapy and radiation therapy, before announcing in March the following year that he no longer needed any treatment. In 2017, Mr Carter was taken to hospital as a precaution, after he became dehydrated at a home-building project in Canada. He was admitted to hospital on multiple occasions in 2019 having had a series of falls, suffering a brain bleed and a broken pelvis, as well as a stint to be treated for a urinary tract infection. Mr Carter spent much of the coronavirus pandemic largely at his home in Georgia, and did not attend Joe Biden’s presidential inauguration in 2021, but extended his “best wishes”. Former first lady Rosalynn Carter, the closest adviser to Mr Carter during his term as US president, died in November 2023. She had been living with dementia and suffering many months of declining health. “Rosalynn was my equal partner in everything I ever accomplished,” Mr Carter said in a statement following her death. “She gave me wise guidance and encouragement when I needed it. As long as Rosalynn was in the world, I always knew somebody loved and supported me.”Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login Integrating circular economy principles alongside digital technologies in the auto repair industry is transforming efforts to reduce waste and cut emissions, setting a new standard for environmental efficiency. Sustainability principles lie at the core of innovative collision repair group CARe Auto, which is cutting emissions and waste across its 14 repair centres. CARe Auto By adopting tools such as automated systems, digital diagnostics and data-sharing platforms, the industry is already reducing resource consumption and improving carbon footprints. However, circular economy principles take this a step further by focusing on designing products, processes and business models that support the reuse of materials and parts – it not only cuts emissions but also drives long-term efficiency in the auto repair sector, notes researcher Dr Tracey Dodd, of the Adelaide Business School . “In the automotive industry, a circular economy entails designing, producing and using vehicles to minimise waste and maximise resource efficiency,” Dodd says. “This involves practices such as remanufacturing, recycling and reusing materials and components to extend the lifecycle of vehicles.” Sponsored by CARe Auto This content has been funded by an advertiser and written by the Nine commercial editorial team. 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AmpliTech Group Announces Closing of $1.4 Million Registered Direct OfferingKnown for their postgame hugs of each other , the goaltending tandem of Jeremy Swayman and Linus Ullmark became one of the best in the league over three seasons for the Boston Bruins. Unfortunately for the duo, with Swayman's emergence in the playoffs last season and Ullmark's pending free agency in 2025, Boston sent Ullmark to the Ottawa Senators in June for depth forward Mark Kastelic, backup goaltender Joonas Korpisalo and a first-round pick in 2024. However, things haven't gone to plan for the Senators (9-11-1) or Bruins (10-9-3) with their starting netminders this season. Swayman and Ullmark have struggled immensely, each sporting a save percentage below .890. Here is what has gone wrong for the netminders: Jeremy Swayman's holdout The Bruins, who host the Vancouver Canucks on Tuesday night, decided in the offseason that Swayman would be their full-time starter, but they still had to sign the restricted free agent to a new contract. Unfortunately for Boston, that didn't come easily. Swayman held out until Oct. 6, two days before the Bruins' opener against Florida. After missing all of training camp and preseason, Swayman struggled in his first regular-season game, stopping just 20 of 24 shots in a 6-4 win over the Montreal Canadiens. Swayman's struggles could be attributed to the lack of preseason games that would've allowed him to ease back into the swing of things. Too many games to handle? Although Ullmark won the Vezina Trophy as the league's best goaltender in 2022-23, he only started 48 games, the lowest number of games started for a Vezina Trophy winner in a non-shortened season. In the three seasons Swayman and Ullmark were teammates with the Briuns, Swayman played 122 games and Ullmark 130, a near-even split. After spending three seasons in a tandem, perhaps neither goalie was prepared for a full-time starter role. Typically, a starting goaltender plays 50 or more games during a regular season. For Ullmark, the 48 games he started for Boston in 2022-23 were a career high. What the analytics say In addition to their poor save percentages, analytics also show that Swayman and Ullmark aren't necessarily victims of poor team defense in front of them. Ottawa, which plays next at San Jose on Wednesday, and Boston are fifth and 14th in shots against per game, respectively. When it comes to goals saved above expected , Swayman is the eighth-worst goalie in the league with a -6.5 mark, while Ullmark is 10th worst with -5.7. Ullmark is even worse in five-versus-five situations, ranking last among goaltenders with an -8.6 5v5 goals saved above expected. Swayman sports a -0.9 figure. Additionally, when it comes to their value provided to their teams, both Ullmark and Swayman have a negative 5v5 Wins Above Replacement, per MoneyPuck . Ullmark's is a league worst -1.43 while Swayman's is a -0.15. Can they turn things around? With both teams sitting outside the playoff picture, they'll need their netminders to return to form to make it to the postseason. Swayman's November was an improvement from October, albeit slight (.890 save percentage to .884 save percentage in October). On the flip side, Ullmark's has played worse, going from .904 to just .864 save percentage. Given their play before this season, it's likely that both find their form. However, if Swayman and Ullmark don't bounce back soon, Boston could be out of the playoffs for the first time since 2016, and Ottawa will miss the playoffs for the eighth straight season.
The leader of a Nottingham youth group that supports hundreds of children and young adults hopes a new inspirational film will help repair "fragmented" parts of the community. Ben Rosser runs the Pythian Club , a youth organisation based in Basford that says it looks to empower young people through boxing, football, music, mentoring and leadership in a bid to stop younger generations making bad life choices. The group has previously led campaigns to end knife violence , tackle anti-social behaviour and put respect back onto the streets. Now, they are creating a new film showcasing inspirational stories within the community, with a particular focus on how football can help turn people's lives around. "It's presenting stories of people in our communities who lead a positive life despite trials and tribulations they faced," said Mr Rosser. "We want to show with hard work and a plan you can achieve great things. Especially when young people are getting lost and confused." In the light of protests and counter-protests across the country following tensions that emerged from the stabbings in Southport earlier this year, Mr Rosser said he wanted to "show a positive stance". He said: "On the back of the protests in Nottingham it highlighted some of the community is fragmented. A unified approach needs to be presented. "It's not necessarily following on from the protests but through young people's eyes we want to share young people's stories." The Pythian Club was founded in 2014 and is based at the Heathfield Community Centre where it offers sports activities, educational initiatives and mentoring to young people with an aim to reduce youth violence across the city. Settings for the new film include Nottingham Forest's stadium, with the group given permission to film outside and inside the City Ground . Speaking outside the stadium, 23-year-old Vanish Moxie Trivedi, who is part of the film said: "We speak about young people in the UK who get involved in gangs and crime and how to improve this. "[The film] speaks about how they can express themselves and how football can get them out of these things. Since I was small I was focused on football. "I used to see young people get involved in bad things but I always kept myself away from these things. You see people who get involved with drugs and knife crime and there is no-one to guide them. Like Vanish, 19-year-old Amine Jied got involved with Pythian through playing football at the Forest Recreation Ground. Recalling the moment, which came shortly after moving from Milan, he said: "I saw Ben [Rosser] running a session at Forest Rec. I couldn't understand much but he handed me a bib and told me I could play. "It was a shock for me, playing football for free. Ever since then he's been looking after me, getting me football trials and opportunities." Amine now works with the group to help tackle knife crime and violence among young people. "We speak to young adults and kids that lack confidence to make knew friends and play football. "Everyone is welcome, we don't have an age limit. Here in Nottingham we have quite a variety of cultures and mixtures," he said.
Former US President Jimmy Carter, a statesman, humanitarian, and advocate for peace and democracy, has died at the age of 100, the Carter Center has confirmed. He passed away peacefully on Sunday afternoon at his home in Plains, Georgia, surrounded by family. Born on October 1, 1924, in Plains, Carter was a former peanut farmer who rose to prominence as the 39th President of the United States. His presidency, which spanned from 1977 to 1981, was marked by economic challenges and pivotal diplomatic events, including the Camp David Accords and the Iran hostage crisis. Despite leaving office with low approval ratings, Carter’s post-presidential legacy earned him widespread admiration. The Carter Center, founded in 1982, became the cornerstone of his efforts to promote democracy, human rights, and global health. Through its work, Carter played a significant role in advancing peace negotiations, monitoring elections, and combating diseases like Guinea worm. His commitment to humanitarian causes earned him the Nobel Peace Prize in 2002. In a heartfelt statement, Carter’s son, Chip Carter, described his father as “a hero, not only to me but to everyone who believes in peace, human rights, and unselfish love. The world is our family because of the way he brought people together, and we thank you for honoring his memory by continuing to live these shared beliefs.” Carter is survived by his four children, 11 grandchildren, and 14 great-grandchildren. His wife of 77 years, Rosalynn Carter, passed away in November 2023. As the longest-living president in U.S. history, Jimmy Carter leaves behind a profound legacy that transcends politics. His life was a testament to the power of humility, perseverance, and a deep commitment to making the world a better place. Funeral arrangements are yet to be announced. The Carter family has asked the public to honor his memory by continuing to uphold the values he cherished: peace, compassion, and service to others. Chioma Kalu Follow us on:KYTX Investors Have Opportunity to Lead Kyverna Therapeutics, Inc. (NASDAQ: KYTX) Securities Fraud Lawsuit
Panthers TE Ja'Tavion Sanders carted off field for neck injuryOrlando Magic guard Jalen Suggs suffered a right wrist sprain in the second quarter of Sunday's game against the Brooklyn Nets and will not return, the team announced. Suggs finished with 8 points in 13 minutes. The Magic have been ravaged by injuries this year; stars Paolo Banchero and Franz Wagner are out with oblique injuries while forward Moritz Wagner is out for the season due to an ACL tear. Second-year guard Anthony Black also missed Sunday's game with a back injury. Suggs, 23, is averaging a career-high 16.8 points per game in his third NBA season. He signed a five-year, $150.5 million extension with Orlando this summer.Who Owns the World’s Biggest Gold Mines?
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PITTSBURGH — Technically, the standings still show the Pittsburgh Steelers atop the AFC North. It just doesn't exactly feel that way at the moment. While the Steelers still have everything in front of them even after a 34-17 loss in Baltimore on Saturday in which a pair of Russell Wilson turnovers and a battered defense starting to show signs of wear allowed the Ravens to pull away, the grasp they had on the division two weeks ago is now far more tenuous. There were no excuses offered afterward. Yet there's also no time to pout either. Not with Patrick Mahomes and the Kansas City Chiefs visiting Acrisure Stadium on Christmas Day. “The one thing I’m not going to do is keep my head down," Wilson said shortly after a fourth-quarter pick-6 allowed Baltimore to pull away. "I know for us, we got so much great confidence in who we are and what we can do and how we’re going to respond.” If Pittsburgh wants the home playoff game that capturing a division title for the first time since 2020 would provide, it doesn't really have a choice. To do it, the Steelers will likely have to beat the two-time defending Super Bowl champions on three days' rest and then the Bengals in the regular-season finale, not exactly ideal opponents for an injury-marred defense that has given up more than 400 yards in consecutive weeks for the first time since the first three games of the 2019 season. Pittsburgh Steelers head coach Mike Tomlin talks to reporters following an NFL football game against the Baltimore Ravens, Saturday, Dec. 21, 2024, in Baltimore. The Ravens won 34-17. Credit: AP/Stephanie Scarbrough Beating Philadelphia and Baltimore on the road even in the best of times is a tough ask. The Steelers came up empty twice in six days, and while Wilson's turnovers didn’t help, Pittsburgh’s inability to match up with either team in the trenches could be a far bigger problem going forward if it can't find a way to regain the physicality it showed earlier this season. True, the Ravens and Eagles have the two best running games in the league led by backs who are putting together Hall of Fame resumes. Still, every team the Steelers figure to face in the postseason will almost certainly try to follow the blueprint Philadelphia and Baltimore used so effectively. Pittsburgh's truncated schedule — the visit by the Chiefs will be its third game in 11 days — means the tackling issues that have popped up of late will have to be addressed more in theory than in practice. It's a less-than-ideal situation. Yet despite the step or two back recently, the Steelers believe that everything they want to do this season is still in front of them. Pittsburgh Steelers safety Minkah Fitzpatrick (39) celebrates his interception with teammates during the second half of an NFL football game against the Baltimore Ravens, Saturday, Dec. 21, 2024, in Baltimore. Credit: AP/Stephanie Scarbrough That's certainly true. Wilson — who knows a thing or two about winning this time of year — remains upbeat. “We can’t let a tough game like this take us into a negative state of mind because there’s a lot more to play for and a lot more we’re searching for, and we can still win the (AFC) North,” he said. "There’s still a lot of opportunity there, too, as well. And so we just got to buckle down and get back to work.” What's working Being disruptive in the red zone. Minkah Fitzpatrick's fourth-quarter pick of Lamar Jackson — his first in 26 games — was the fifth takeaway by the Steelers inside their 20 this season, tied for second most in the NFL. What needs help Just about everything else in the red zone. The Steelers allowed Baltimore to score touchdowns on its first three drives that reached the Pittsburgh 20. The other two ended with Fitzpatrick's interception and a chip-shot field goal by Justin Tucker in the final minutes. Two short touchdown throws from Jackson to tight ends Isaiah Likely and Mark Andrews bothered Steelers coach Mike Tomlin the most. “It is just too late in the year to have guys running open like that, to be quite honest with you," Tomlin said. “So we’ve got some work to do this week and try to shore some of that up.” Stock up Calvin Austin III is the only wide receiver who seems capable of being a difference-maker with George Pickens out of the lineup. The 5-foot-9 Austin has nine receptions for 130 yards over the past two games, and while Wilson's fourth down heave to Austin at the goal line in the third quarter fell incomplete, it also symbolized the faith Wilson has in a highly motivated player who thrives on being underestimated. Stock down Complementary football. The Steelers surged to the top of the division by having a team that thrived in all three phases. That hasn't happened of late. The Ravens turned Wilson's fumble into a 96-yard touchdown drive. Fitzpatrick's interception appeared to give the Steelers momentum only to have Wilson give it right back with a poor throw that Marlon Humphrey turned into the clinching score. Injuries Pickens could return from the hamstring injury that has forced him to miss the past three games. Safety DeShon Elliott (hamstring), defensive tackle Larry Ogunjobi (groin), cornerback Donte Jackson (back) could also play after sitting out against Baltimore. The news isn’t as positive for starting cornerback Joey Porter Jr. (knee) and wide receiver Ben Skowronek (hip), both of whom left against the Ravens and did not return. Key number 39 — field goals this season by Chris Boswell, five short of the NFL record set by David Akers with San Francisco in 2011. Next steps Try to heal up quickly and beat Mahomes for the first time. The Kansas City star is 3-0 against the Steelers with 14 touchdowns and zero interceptions.
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