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646 lodi Donald Trump’s Border Czar Tom Homan praised as 'the right guy in charge' to secure the US-Mexico border$2.6M funding to re-light Montrose bridges redirected, project haltedIntel CEO Pat Gelsinger steps down as chipmaker struggles with layoffs and competition

LaVine, Dosunmu and White power the Bulls to a 136-122 win over the Hawks

NEW YORK & LONDON--(BUSINESS WIRE)--Dec 2, 2024-- Macquarie Asset Management is pleased to announce the publication of its Outlook 2025 , providing perspectives on the themes set to influence the investment landscape and performance of key asset classes for the year ahead. In Outlook 2025, “Plan for growth, prepare for volatility,” Macquarie Asset Management outlines its expectations that global growth will remain healthy, driven by the resilience of the developed world consumer. 2024 has been another year of strong returns for investors, with the classic 60/40 portfolio 1 returning 18.2% this year after delivering 13.3% in 2023. 2 Key to this better return environment has been inflation developments, with headline inflation rates across the developed world nearing 2%, allowing central banks to normalise monetary policies. While conditions are constructive, we maintain our longer-term view that we have transitioned to a ‘new normal’ where neutral rates are likely to remain elevated relative to the past decade. At the same time, GDP growth has remained robust, with the US economy continuing its above-trend growth and the Euro area and UK economies seeing solid domestic demand and GDP growth after a challenging 2023. Understanding the likelihood of structural changes in the global economy, driven by the trend towards de-globalization and geopolitical developments remains crucial, in our view, to successful investing over the next decade or more. Many of these factors will be in play next year, but short-term ‘return to normal’ dynamics are also likely to play an important role and will be crucial determinants of returns in 2025. Ben Way, Group Head of Macquarie Asset Management, said: “This year’s Outlook report reflects our view that financial conditions will continue to normalise in 2025. The past year demonstrated the skill of policy makers in navigating the post COVID inflationary surge as well as the resilience of financial markets, leading to strong returns for investors in listed markets. Political challenges to incumbency and subsequent changes in governments and policy, combined with elevated geopolitical tensions globally, contrast with a more constructive outlook for the global economy in 2025.” Global Real Estate: A beneficiary of falling interest rates and healthy growth Real estate as an asset class has historically been highly sensitive to interest rates and is expected to be one of the sectors that benefits most from lower rates over the next 12-24 months. Furthermore, real estate returns generally correlate strongly with economic growth. Overall, the combination of lower interest rates and robust, possibly accelerating, global growth is likely to be particularly powerful for this asset class. Infrastructure: Well-balanced between defensiveness and growth Our data indicates that valuations may have stabilized, and we anticipate multiples to rise with declining interest rates. Strong GDP growth should boost earnings, leading to total returns of 11-12%, above the long-term average but consistent with past periods of falling interest rates and accelerating growth. It is worth noting that with particularly strong tailwinds behind data centres and financing conditions expected to improve in 2025, we believe the digital infrastructure sector is poised for an especially dynamic year ahead. Listed Equities Falling interest rates and robust GDP growth form a generally positive backdrop for global equity markets. However, we’ve seen equity market performance disconnect from macroeconomic fundamentals many times over the past few years, making it ever more important to assess markets granularly. While earnings multiples are elevated in certain pockets of the market, the equity risk premium currently sits comfortably at its long-term average, suggesting equity investors should still get rewarded for taking additional risk in this cycle. Despite higher interest rates making fixed income assets more attractive, global equities still offer many opportunities; and with policy expected to be volatile and geopolitical developments likely impacting returns, 2025 is a year where experienced and thoughtful active asset managers can add significant value for investors. Global debt and credit markets: Central bank easing cycle to provide support In the second half of 2024, bond markets improved materially as inflation moderated and central banks began normalising monetary policies. Looking ahead, since a substantial degree of central bank easing has already been factored into most rates markets and credit spreads have tightened, the potential for aggressive price gains is more limited, although absolute returns should still be healthy by historical standards. Access Outlook 2025 To explore these insights and more in detail, please access the full report here . About Macquarie Asset Management Macquarie Asset Management is a global asset manager, integrated across public and private markets. Trusted by institutions, governments, foundations and individuals to manage approximately $US633.7 billion in assets, we provide a diverse range of investment solutions including real assets, real estate, credit and equities & multi-asset. Macquarie Asset Management is part of Macquarie Group, a diversified financial group providing clients with asset management, finance, banking, advisory, and risk and capital solutions across debt, equity and commodities. Founded in 1969, Macquarie Group employs over 20,600 people in 34 markets and is listed on the Australian Securities Exchange. All figures as at 30 September 2024. Important Notices (Macquarie Asset Management): None of the entities noted in this media release is an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia) and the obligations of these entities do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (Macquarie Bank). Macquarie Bank does not guarantee or otherwise provide assurance in respect of the obligations of these entities. In addition, if this media release relates to an investment (a) each investor is subject to investment risk including possible delays in repayment and loss of income and principal invested and (b) none of Macquarie Bank or any other Macquarie Group company guarantees any particular rate of return on or the performance of the investment, nor do they guarantee repayment of capital in respect of the investment. The performance quoted represents past performance and does not guarantee future results. Investing involves risk, including the possible loss of principal. 1 Portfolio consisting of 60% equities (represented by S&P 500 Index) and 40% bonds (represented by 10-year US Treasuries). 2 Based on Robert Shiller online data, through 1 November 2024. View source version on businesswire.com : https://www.businesswire.com/news/home/20241202158916/en/ CONTACT: Rachel Waxman Rachel.Waxman@macquarie.com +1-310-800-4512 KEYWORD: NEW YORK EUROPE UNITED STATES UNITED KINGDOM NORTH AMERICA INDUSTRY KEYWORD: BANKING ASSET MANAGEMENT PROFESSIONAL SERVICES FINANCE SOURCE: Macquarie Asset Management Copyright Business Wire 2024. PUB: 12/02/2024 04:58 PM/DISC: 12/02/2024 04:58 PM http://www.businesswire.com/news/home/20241202158916/en

B.C. Premier David Eby vows to seek out new export opportunities in wake of Trump tariff plan

I t was a day of reflection, celebration and inspiration as the Combermere School honoured its students’ achievements for 2023/2024. Under the theme Continuing the Tradition of Excellence, the school held its annual speech day and prize-giving ceremony, at the campus on Friday, celebrating academic excellence and sporting achievements, even as it looked forward to a future of continued success. Ryan Brathwaite, chief executive officer of Ticket Linkz and Hackleton Construction, himself a former Combermere head boy in delivering the feature address, reminded students that excellence is not determined by privilege, wealth, or social connections, but by “character, ability, and commitment to values”. Making it clear that “excellence is not perfection” but “a commitment to constant growth,” Brathwaite urged students to embrace challenges, learn from their failures, and constantly strive to become the best version of themselves. “Excellence is who we are, but it is evident in all that we do,” Brathwaite said. “Combermere is more than just a school; it is a tradition, a legacy, a family. Today, we reflect on the theme of Continuing the Tradition of Excellence , and we are reminded of the profound responsibility we all share to carry this theme forward.” Chairman of the school’s Board of Management Captain Rev Al Walcott in his welcome remarks spoke of the importance of celebrating the hard work and dedication of students. He, however, reminded the students that their achievements, thus far, are not the end, but rather a foundation for even greater success. You Might Be Interested In Ross University opens Barbados campus UWI supports innovation for regional growth St George Secondary closed next week “It is a time of celebration where we honour the students who have worked extremely hard in developing their academic careers,” he said. “I pray that this will not be the end of your endeavours to reach high academic standings but a platform upon which you can continue to build and build towards developing a life of achievement, value, and success.” Principal Robin Douglas reflected on the students’ achievements of the past year. In his principal’s report, he highlighted the school’s academic achievements for the 2023-2024 year. At the Caribbean Secondary Education Certificate (CSEC) level, Principal Douglas stated that the school offered 23 subjects and had an overall pass rate of 82 per cent. Notably, 15 per cent of students earned Grade l passes, while 37 per cent achieved Grade ll passes. Furthermore, he said, subjects such as Industrial Technology, Physical Education & Sport, and Theatre Arts achieved a perfect pass rate of 100 per cent. At the Caribbean Advanced Proficiency Examination (CAPE) level, Combermere achieved a 94 per cent overall pass rate across 26 subjects. Out of 45 units offered, 36 had pass rates above 80 per cent, with 21 of those units receiving 100 per cent passes. In addition to academic triumphs, Combermere’s sporting achievements for the year were a source of pride for the entire school community. The school dominated the Barbados Secondary Schools’ Athletic Championship (BSSACC) 2024, emerging as double champions. They also performed admirably in netball, cricket, and football. Looking ahead, Principal Douglas said, the faculty will continue to prioritise the growth and development of students, striving to provide them with the tools they need. “Combermere School continues to move forward with the mission to facilitate student achievement to their greatest potential,” Douglas said. “We will ensure that the tradition of excellence at Combermere is emblazoned upon the fabric of the Barbadian spirit, that it continues its contribution to society in this new world. . .” Before the ceremony began, the school’s Steel Orchestra played a selection of popular hits creating a vibrant and celebratory atmosphere that had the audience tapping their feet in rhythm. There were a number of other performances by students, including dance and song.

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LAS VEGAS — Players Era Festival organizers have done what so many other have tried — bet their fortunes in this city that a big payoff is coming. Such bet are usually bad ones, which is why so many massive casino-resorts have been built on Las Vegas Boulevard. But it doesn't mean the organizers are wrong. They're counting on the minimum of $1 million in guaranteed name, image and likeness money that will go to each of the eight teams competing in the neutral-site tournament that begins Tuesday will create a precedent for other such events. EverWonder Studios CEO Ian Orefice, who co-founded Players with former AND1 CEO Seth Berger, compared this event to last year's inaugural NBA In-Season Tournament that played its semifinals and final in Las Vegas by saying it "did really well to reinvigorate the fan base at the beginning of the year." "We're excited that we're able to really change the paradigm in college basketball on the economics," Orefice said. "But for us, it's about the long term. How do we use the momentum that is launching with the 2024 Players Era Festival and be the catalyst not to change one event, but to change college basketball for the future." Orefice and Berger didn't disclose financial details, but said the event will come close to breaking even this year and that revenue is in eight figures. Orefice said the bulk of the revenue will come from relationships with MGM, TNT Sports and Publicis Sport & Entertainment as well as sponsors that will be announced later. Both organizers said they are so bullish on the tournament's prospects that they already are planning ahead. Money made from this year's event, Orefice said, goes right back into the company. "We're really in this for the long haul," Orefice said. "So we're not looking at it on a one-year basis." Rick Giles is president of the Gazelle Group, which also operates several similar events, including the College Basketball Invitational. He was skeptical the financial numbers would work. Giles said in addition to more than $8 million going to the players, there were other expenses such as the guarantees to the teams. He said he didn't know if the tournament would make up the difference with ticket sales, broadcast rights and sponsorship money. The top bowl of the MGM Grand Garden Arena will be curtained off. "The math is highly challenging," Giles said. "Attendance and ticket revenues are not going to come anywhere close to covering that. They haven't announced any sponsors that I'm aware of. So it all sort of rests with their media deal with Turner and how much capital they want to commit to it to get these players paid." David Carter, a University of Southern California adjunct professor who also runs the Sports Business Group consultancy, said even if the Players isn't a financial success this year, the question is whether there will be enough interest to move forward. "If there is bandwidth for another tournament and if the TV or the streaming ratings are going to be there and people are going to want to attend and companies are going to want to sponsor, then, yeah, it's probably going to work," Carter said. "But it may take them time to gain that traction." Both founders said they initially were met with skepticism about putting together such an event, especially from teams they were interested in inviting. Houston was the first school to commit, first offering an oral pledge early in the year and then signing a contract in April. That created momentum for others to join, and including the No. 6 Cougars, half the field is ranked. "We have the relationships to operate a great event," Berger said. "We had to get coaches over those hurdles, and once they knew that we were real, schools got on board really quickly." The founders worked with the NCAA to make sure the tournament abided by that organization's rules, so players must appear at ancillary events in order to receive NIL money. Strict pay for play is not allowed, though there are incentives for performance. The champion, for example, will receive $1.5 million in NIL money. Now the pressure is on to pull off the event and not create the kind of headlines that can dog it for years to come. "I think everybody in the marketplace is watching what's going to happen (this) week and, more importantly, what happens afterwards," Giles said. "Do the players get paid on a timely basis? And if they do, that means that Turner or somebody has paid way more than the market dictates? And the question will be: Can that continue?" CREIGHTON: P oint guard Steven Ashworth likely won’t play in the No. 21 Bluejays’ game against San Diego State in the Players Era Festival in Las Vegas. Ashworth sprained his right ankle late in a loss to Nebraska on Friday and coach Greg McDermott said afterward he didn’t know how long he would be out. Get local news delivered to your inbox!Special Counsel Jack Smith on Monday moved to dismiss the federal cases against US President-elect Donald Trump -- including one for election subversion -- citing an official policy of not prosecuting a sitting president. Trump, 78, was accused of conspiring to overturn the results of the 2020 election he lost to Joe Biden and mishandling classified documents after leaving the White House, but neither case ever came to trial. Smith, in a filing with the district judge in Washington presiding over the election case, said it should be dropped in light of the long-standing Justice Department policy of not indicting or prosecuting a sitting president. He cited the same reasoning in withdrawing his appeal of a ruling by a district judge, a Trump appointee, who dismissed the classified documents case earlier this year. Smith asked District Judge Tanya Chutkan to dismiss the election interference case "without prejudice" -- leaving open the possibility it could be revived after Trump leaves office four years from now. The special counsel paused the election interference case this month after Trump defeated Vice President Kamala Harris in the November 5 presidential election. "The Government's position on the merits of the defendant's prosecution has not changed," Smith said in the filing with Chutkan. "But the circumstances have." "It has long been the position of the Department of Justice that the United States Constitution forbids the federal indictment and subsequent criminal prosecution of a sitting President," Smith said. "As a result this prosecution must be dismissed before the defendant is inaugurated." In a separate filing, Smith said he was withdrawing his appeal of the dismissal of the classified documents case against Trump but pursuing the case against his two co-defendants, Trump valet Walt Nauta and Mar-a-Lago property manager Carlos De Oliveira. Trump, in a post on Truth Social, said the cases were "empty and lawless, and should never have been brought." "Over $100 Million Dollars of Taxpayer Dollars has been wasted in the Democrat Party's fight against their Political Opponent, ME," he said. "Nothing like this has ever happened in our Country before." Trump is accused of conspiracy to defraud the United States and conspiracy to obstruct an official proceeding -- the session of Congress called to certify Biden's win, which was violently attacked on January 6, 2021 by a mob of the then-president's supporters. Trump is also accused of seeking to disenfranchise US voters with his false claims that he won the 2020 election. The former and incoming president also faces two state cases -- in New York and Georgia. He was convicted in New York in May of 34 counts of falsifying business records to cover up a hush money payment to porn star Stormy Daniels on the eve of the 2016 election to stop her from revealing an alleged 2006 sexual encounter. Judge Juan Merchan has postponed sentencing while he considers a request from Trump's lawyers that the conviction be thrown out in light of the Supreme Court ruling in July that an ex-president has broad immunity from prosecution. In Georgia, Trump faces racketeering charges over his efforts to subvert the 2020 election results in the southern state, but that case will likely be frozen while he is in office. You can unsubscribe at any time by clicking the link in the footer of our emails. We use as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.None

RALEIGH, N.C. (AP) — Aziaha James had 21 points, eight rebounds and five assists, Devyn Quigley scored a career-high 20 points and made four 3-pointers and NC State beat Coastal Carolina 89-68 on Thursday. NC State had its lead trimmed to 54-46 midway through the third quarter before James scored five straight points to begin a 13-2 run that ended in a 19-point lead. Quigley took over in the fourth, making three 3-pointers and scoring 15 points. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.Asteroid nearly hits Earth in Siberia, with a 2nd massive asteroid passing this week