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Gap Inc. Reports Third Quarter Fiscal 2024 Results, Raises Full Year OutlookDespite Suarez's potential and eagerness to prove himself, he struggled to make an impact on the pitch due to a series of unfortunate injuries. Instead of receiving the patience and support needed to recover fully and integrate into the team, Suarez faced harsh judgment and impatience from some sections of the Arsenal fanbase and media.In addition to the technological prowess behind the service, Amazon Express will also rely on a dedicated team of delivery personnel who will be trained to handle and fulfill orders with speed and precision. These delivery associates will be equipped with the necessary tools and resources to ensure that orders are picked, packed, and delivered to customers in a timely manner.

WASHINGTON (AP) — One year after the Jan. 6, 2021 , U.S. Capitol attack, Attorney General Merrick Garland said the Justice Department was committed to holding accountable all perpetrators “at any level” for “the assault on our democracy.” That bold declaration won't apply to at least one person: Donald Trump. Special counsel Jack Smith's move on Monday to abandon the federal election interference case against Trump means jurors will likely never decide whether the president-elect is criminally responsible for his attempts to cling to power after losing the 2020 campaign. The decision to walk away from the election charges and the separate classified documents case against Trump marks an abrupt end of the Justice Department’s unprecedented legal effort that once threatened his liberty but appears only to have galvanized his supporters. The abandonment of the cases accusing Trump of endangering American democracy and national security does away with the most serious legal threats he was facing as he returns to the White House. It was the culmination of a monthslong defense effort to delay the proceedings at every step and use the criminal allegations to Trump's political advantage, putting the final word in the hands of voters instead of jurors. “We always knew that the rich and powerful had an advantage, but I don’t think we would have ever believed that somebody could walk away from everything,” said Stephen Saltzburg, a George Washington University law professor and former Justice Department official. “If there ever was a Teflon defendant, that’s Donald Trump.” While prosecutors left the door open to the possibility that federal charges could be re-filed against Trump after he leaves office, that seems unlikely. Meanwhile, Trump's presidential victory has thrown into question the future of the two state criminal cases against him in New York and Georgia. Trump was supposed to be sentenced on Tuesday after his conviction on 34 felony counts in his New York hush money case , but it's possible the sentencing could be delayed until after Trump leaves office, and the defense is pushing to dismiss the case altogether. Smith's team stressed that their decision to abandon the federal cases was not a reflection of the merit of the charges, but an acknowledgement that they could not move forward under longstanding Justice Department policy that says sitting presidents cannot face criminal prosecution. Trump's presidential victory set “at odds two fundamental and compelling national interests: On the one hand, the Constitution’s requirement that the President must not be unduly encumbered in fulfilling his weighty responsibilities . . . and on the other hand, the Nation’s commitment to the rule of law,” prosecutors wrote in court papers. The move just weeks after Trump's victory over Vice President Kamala Harris underscores the immense personal stake Trump had in the campaign in which he turned his legal woes into a political rallying cry. Trump accused prosecutors of bringing the charges in a bid to keep him out of the White House, and he promised revenge on his perceived enemies if he won a second term. “If Donald J. Trump had lost an election, he may very well have spent the rest of his life in prison,” Vice President-elect JD Vance, wrote in a social media post on Monday. “These prosecutions were always political. Now it’s time to ensure what happened to President Trump never happens in this country again.” After the Jan. 6 attack by Trump supporters that left more than 100 police officers injured, Republican leader Mitch McConnell and several other Republicans who voted to acquit Trump during his Senate impeachment trial said it was up to the justice system to hold Trump accountable. The Jan. 6 case brought last year in Washington alleged an increasingly desperate criminal conspiracy to subvert the will of voters after Trump's 2020 loss, accusing Trump of using the angry mob of supporters that attacked the Capitol as “a tool” in his campaign to pressure then-Vice President Mike Pence and obstruct the certification of Democrat Joe Biden's victory. Hundreds of Jan. 6 rioters — many of whom have said they felt called to Washington by Trump — have pleaded guilty or been convicted by juries of federal charges at the same courthouse where Trump was supposed to stand trial last year. As the trial date neared, officials at the courthouse that sits within view of the Capitol were busy making plans for the crush of reporters expected to cover the historic case. But Trump's argument that he enjoyed absolute immunity from prosecution quickly tied up the case in appeals all the way up to the Supreme Court. The high court ruled in July that former presidents have broad immunity from prosecution , and sent the case back to the trial court to decide which allegations could move forward. But the case was dismissed before the trial court could get a chance to do so. The other indictment brought in Florida accused Trump of improperly storing at his Mar-a-Lago estate sensitive documents on nuclear capabilities, enlisting aides and lawyers to help him hide records demanded by investigators and cavalierly showing off a Pentagon “plan of attack” and classified map. But U.S. District Judge Aileen Cannon dismissed the case in July on grounds that Smith was illegally appointed . Smith appealed to the Atlanta-based 11th U.S. Circuit Court of Appeals, but abandoned that appeal on Monday. Smith's team said it would continue its fight in the appeals court to revive charges against Trump's two co-defendants because “no principle of temporary immunity applies to them.” In New York, jurors spent weeks last spring hearing evidence in a state case alleging a Trump scheme to illegally influence the 2016 election through a hush money payment to a porn actor who said the two had sex. New York prosecutors recently expressed openness to delaying sentencing until after Trump's second term, while Trump's lawyers are fighting to have the conviction dismissed altogether. In Georgia, a trial while Trump is in office seems unlikely in a state case charging him and more than a dozen others with conspiring to overturn his 2020 election loss in the state. The case has been on hold since an appeals court agreed to review whether to remove Fulton County District Attorney Fani Willis over her romantic relationship with the special prosecutor she had hired to lead the case. Associated Press reporter Lisa Mascaro in Washington contributed.

Up until the market opened on Friday, Dec. 13, America was home to seven technology companies worth $1 trillion or more: However, an eighth company just joined the ranks. Broadcom ( AVGO 11.21% ) stock surged 24% last Friday following the release of its financial results for fiscal 2024 (ended Nov. 3), catapulting the company into the exclusive $1 trillion club. Investors were impressed with Broadcom's soaring artificial intelligence (AI) revenue, which comes from selling custom chips and networking equipment for data centers. Plus, the company issued a very bullish forecast for its future AI revenue, which points to substantial potential growth ahead. However, before you rush to buy Broadcom stock, you'll have to get comfortable with its lofty valuation. Here's what you need to know. Broadcom is becoming a serious player in AI hardware Broadcom was solely a supplier of semiconductors and electronics components for a variety of computing applications up until 2016, when it merged with fellow chip giant Avago Technologies. From there, the new-look Broadcom went on to spend around $100 billion acquiring other companies like semiconductor equipment supplier CA Technologies, cybersecurity vendor Symantec, and cloud software titan VMware. Those companies helped Broadcom diversify its business, and they are now important contributors to the company's overall revenue. In other words, they paved the way for it to become the $1 trillion giant it is today. But thanks to the spending boom on AI infrastructure from some of the world's leading tech giants, investors are currently laser-focused on Broadcom's semiconductor and networking businesses. The company makes custom AI accelerators (a type of data center chip) for three hyperscale customers, and while their identities are not disclosed, hyperscalers typically include Microsoft, Amazon, Alphabet, and Oracle . During Broadcom's fiscal 2024 fourth quarter, it said shipments of AI accelerators doubled compared to the year-ago period. Here's why that's important. Nvidia's graphics processing units ( GPU s) for the data center are currently the most sought after chips in the AI industry. While each of the above hyperscalers are Nvidia customers, Broadcom gives them the ability to design their own chips, which means they can tailor their infrastructure to their own specific needs -- not to mention significantly reduce costs (Nvidia's hardware is very expensive). Additionally, the company said its AI connectivity revenue soared fourfold thanks to sales of its Tomahawk and Jericho data center switches. Those devices regulate how quickly data travels between chips and devices, and since AI developers often use tens of thousands of chips to train their models, faster processing can lead to substantial cost savings. AI revenue surged during fiscal 2024 Broadcom generated a record $51.5 billion in total revenue during the whole of fiscal 2024, which was a 44% increase from fiscal 2023. However, the majority of that growth was attributable to the inclusion of VMware's revenue for the first time, rather than organic growth (Broadcom acquired the company in 2023). Nevertheless, Broadcom managed to impress investors with its AI revenue, which surged by a whopping 220% to $12.2 billion in fiscal 2024. Most of that came from sales of the AI accelerators and networking equipment discussed earlier, and the company expects to carry its strong momentum into fiscal 2025. Broadcom's overall revenue growth came with a substantial increase in costs, which were partly attributable to the company's acquisitions (namely of VMware). Research and development spending, for example, increased by 78% year over year to $9.3 billion, which was the largest of the company's $19 billion in total operating expenses in fiscal 2024. As a result, Broadcom's fiscal 2024 net income (profit) of $5.9 billion actually represented a decrease of 58% from fiscal 2023. That significantly impacts the valuation of Broadcom stock for any investor valuing it based on its GAAP earnings, which I'll discuss further in a moment. On a non-GAAP basis, which excludes one-off expenses from acquisitions and non-cash costs like stock-based compensation , Broadcom's net income came in at $23.7 billion, which was actually a 28% increase from fiscal 2023. That gives investors a clearer idea of the trajectory of Broadcom's business. Broadcom stock looks expensive right now Broadcom generated GAAP earnings per share (EPS) of $1.23 during fiscal 2024, so its stock trades at a price-to-earnings (P/E) ratio of 183. That's an eye-popping number considering the Nasdaq-100 technology index trades at a P/E ratio of just 35. Based on its non-GAAP EPS of $4.96, its P/E ratio is 45. While significantly better, it's still a big number relative to the broader tech sector. Plus, many investors don't consider non-GAAP EPS to be "true" profitability, so it isn't a good idea to hang your hat on that number to make the argument that Broadcom stock looks attractive. Rather than using the traditional P/E ratio, we could value Broadcom using the price-to-sales (P/S) ratio instead, which divides a company's market capitalization by its annual revenue. Broadcom's P/S ratio is currently 20.7, which is almost triple its 10-year average of 7.4: AVGO PS Ratio data by YCharts In other words, Broadcom stock looks very expensive based on two measures of its P/E ratio, and also its P/S ratio. Therefore, buying the stock right now probably isn't a great idea for short-term investors with a time horizon of 12 months. However, there might be a compelling case to buy it for long-term investors who are willing to hold the stock for the next three years or more. That's because Broadcom thinks it can grow its AI revenue to between $60 billion and $90 billion annually by fiscal 2027, thanks to soaring demand for accelerators and networking equipment. Remember, its AI revenue came in at just $12.2 billion in fiscal 2024, so we're talking about a whopping 514% increase over the next three years (at the midpoint of the range). I still think investors should wait for a pullback before buying Broadcom stock given its current valuation, but it's certainly a very high-quality way to play the AI boom.

President Jimmy Carter passed away at the age of 100 at his Georgia home on Sunday. The 39th president of the United States, Carter is remembered as a staunch advocate for human rights, with an enduring commitment to philanthropy and humanitarian work. WASHINGTON - Former President Jimmy Carter died at the age of 100 on Sunday. Carter served as the 39th President of the United States and was known for his enduring commitment to philanthropy and humanitarian work. Carter served one term, from 1977 to 1981. He saw some monumental successes during his time in office, such as the brokering of the Camp David accord between Egypt and Israel but his term was also plagued by the energy crisis, inflation, high interest rates and the infamous Iran hostage crisis. But even after losing his bid for re-election, Carter continued to serve the public, championing causes such as global health, democracy and human rights. Carter received many honors throughout his life. At the 2000 Democratic Convention, delegates rose to their feet in his honor. And in 2002, he was awarded the Nobel Peace Prize. READ MORE: Jimmy Carter, 39th president of the United States, dies at 100 The late former president Jimmy Carter was awarded the Nobel Peace Prize in 2002 for his decades of work seeking peaceful solutions to international conflicts, advancing democracy and human rights, and promoting economic and social development. Here's how the former president will be honored following his passing. Presidential funerals can take years to plan out and the details are usually kept secret between close family members and the U.S. Army Military District of Washington. The arrangements are not announced until after a president dies. The plans for Carter's funeral have not been announced at this time, but shortly after the news of his passing came out, President Joe Biden said he is ordering an official state funeral to be held in Washington, D.C. "To honor a great American, I will be ordering an official state funeral to be held in Washington D.C. for James Earl Carter, Jr., 39th President of the United States, 76th Governor of Georgia, Lieutenant of the United States Navy, graduate of the United States Naval Academy, and favorite son of Plains, Georgia, who gave his full life in service to God and country," Biden said in a statement. The president, former presidents and president-elect are all entitled to a state funeral, but then family decides if they actually get one, or just how involved it will be. The family will provide details of the funeral plans to the Washington Military District, which is in charge of implementing them. At this time, the Carter Center says public observances will be held in Atlanta and Washington, D.C. as well as a burial and funeral in his hometown of White Plains, Georgia. READ MORE: 'A man of faith and a man of principles:' Historian reflects on friendship with Jimmy Carter Protocol dictates that flags will be flown at half-staff for a period of 30 days after the passing of a U.S. president. The sitting president is also in charge of issuing an executive order issued authorizing the closure of federal offices and buildings for a national day of mourning. Each president’s final resting place is among the details they include in their plans. Most have chosen locations in their home states; only two presidents are buried at Arlington National Cemetery: Kennedy and William Howard Taft. What occurs in Washington, D.C. unfolds according to guidelines that date back to the mid-1800s and have been reshaped over time. They often involve funeral processions down Pennsylvania Avenue, lying in state in the U.S. Capitol Rotunda and a memorial service, usually at the Washington National Cathedral. READ MORE: What you may not know about Jimmy and Rosalynn Carter In 2015, Carter announced shattering news about his health. He candidly spoke about his battle with liver and brain cancer. "Now I feel it’s in the hands of God, who I worship, and I’ll be prepared for anything that comes," he said. Extensive treatment followed and he was declared cancer-free in December 2015. In 2019, Carter suffered several falls, one requiring hip replacement surgery. Another led to a fractured pelvis. In November of that year, he had to undergo surgery to relieve bleeding on his brain related to the falls. But Carter remained active well into his 90s, continuing to lead Sunday School classes at Maranatha Baptist Church in Plains and to help build Habitat for Humanity houses for those in need. He had been receiving at-home hospice care for nearly two years at the time of his death. The Carter Center confirmed his death, saying he died peacefully at his home in Plains, surrounded by his family. He was the longest-lived president in U.S. history. Additional details on the life and legacy of Jimmy Carter, as well as details on his services can be found on the Carter Center Tribute website . The Carter Center, FOX 5 Atlanta reporting, LiveNow reporting

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