Rivalry Closes Non-Brokered Private Placement Of Approximately $2.0 Million

Coming home is always special for Logan Cooley. It’s even more special when his mother, Cathy, offers a grand feast in their West Mifflin abode. Such was the case on Friday as Cooley, a forward with the Utah Hockey Club, had a day off before facing the Pittsburgh Penguins on Saturday. “Mom cooked up a nice meal,” Cooley said after his team’s morning skate at PPG Paints Arena. “Had some steak, ribs, some crab legs. So it was nice to have a home-cooked meal and see some family.’ Cooley will see plenty of loved ones Saturday night as he plays his second career game a venue he has been in plenty of times as a paying customer. This game figures to be a a little different than his first visit as a professional hockey player, however. Last season, as a rookie with the now-defunct Arizona Coyotes, Cooley skated against Sidney Crosby and the Penguins, suffering a 4-2 loss on Dec. 12. As the highest-drafted Pittsburgh-area player in NHL history – he was selected No. 3 overall in 2022 – Cooley acknowledged that game was something of an event for him and the region. Saturday’s contest is a bit more routine. “Just having a day before and having the morning skate, it takes — I wouldn’t say pressure — but you just get a little more comfortable just being out on the ice,” Cooley said. “Seeing some family, getting that out of the way and now you can just focus on the game and trying to win.” Another thing that is a bit more normal for Cooley and his teammates is ... well ... the team . After the NHL finally pulled the plug on the former Coyotes franchise after decades of uncertainly over a stable arena situation, the assets of that club — i.e. the players, coaches, executives, etc. — were purchased by Ryan Smith, also owner of the NBA’s Utah Jazz, and moved to Salt Lake City to form the new Utah Hockey Club. Given how ramshackle of a departure it was from Arizona, the Utah Hockey Club did not have time to formally apply for a trademark on a new nickname or logo, a process that can take upwards of nearly two years. So it’s using something of a placeholder name for the time being. Also, all of the history and records of the Coyotes franchise (which previously existed as the original Winnipeg Jets) did not transfer to Utah. The Utah Hockey Club shares the Delta Center with the Jazz. That venue has only 11,131 seats with unobstructed views for hockey, but pending renovations will inflate that number to NHL-suitable figures. The Coyotes’ last home, Arizona State’s Mullett Arena, held only 4,600 for NHL contests. “It’s definitely nice. You can just focus on hockey,” Cooley said of leaving the Coyotes’ arena melodrama behind. “Obviously, there was a little bit of distractions in the past. Now, you can just focus on trying to get better as a team, trying to get better individually.” Life in arid Arizona is considerably different than in alpine Utah. “Starting in the summer, it was a little tough trying to find a place or where to be,” Cooley said. “Now that you’re kind of set there, I love being in Utah. It’s a great hockey market. The fans are super passionate. Living there is great. I’m a guy that likes the seasons. You get some snow. A little bit like Pittsburgh. It’s good to kind of be acclimated and now you can just focus on playing.” Now 20, Cooley has gotten better physically. Listed at 6-foot and 191 pounds, he has grown considerably since the Coyotes drafted him as at 5-foot-10 and 174 pounds. “Had a really good summer,” Cooley said. “I feel like this was the best summer I’ve had physically with lifting weights. I feel the strongest I’ve ever been playing hockey. It’s a credit to the trainer I worked with and the summer I had.” The left-handed Cooley went through some growing pains as a rookie but managed to be productive, generating 44 points (20 goals, 24 assists) in 82 games. This season, he is slightly ahead of that scoring pace with 12 points (three goals, nine assists) through 19 games (before Saturday). “He’s a good student of the game,” said Utah coach Andre Tourigny, who came from Arizona as well. “He’s so competitive. Now, I would say he’s maturing slowly but surely. Last year, when he was getting emotional, his game was slipping. Now, even when he gets emotional, he’s capable of regrouping and playing well. Very competitive, highly skilled. But what I’m the most proud of him is the way he competes.” Cooley is competing with several ex-Penguins players on the inaugural Utah roster. His teammates include former Penguins defensemen Robert Bortuzzo, Ian Cole, Olli Maatta and John Marino as well as forward Nick Bjugstad. “He’s awesome,” Maatta said of Cooley. “You can see how much skill he has. Really crafty. He has a unique style. I don’t really know how to explain him. He just seems really smooth. I can’t really think of anybody else who moves like that. You can see he’s going to be a great player. “He works hard every day. He really cares.” And he’s really comfortable in Utah as a second-year professional. “I feel like I just have a lot more confidence this year just with making plays,” Cooley said. “Better in the faceoff dot, better defensively. I’d like to have a little more offense. That will come. It’s still early in the season. But just continuing to find ways to produce, help the team, whether that’s scoring, making plays or keeping the puck out of the net. “Overall, I think it’s been pretty good.”

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A 7-year-old rivalry between tech leaders Elon Musk and Sam Altman over who should run OpenAI and prevent an artificial intelligence "dictatorship" is now heading to a federal judge as Musk seeks to halt the ChatGPT maker's ongoing shift into a for-profit company. Read this article for free: Already have an account? To continue reading, please subscribe: * A 7-year-old rivalry between tech leaders Elon Musk and Sam Altman over who should run OpenAI and prevent an artificial intelligence "dictatorship" is now heading to a federal judge as Musk seeks to halt the ChatGPT maker's ongoing shift into a for-profit company. Read unlimited articles for free today: Already have an account? A 7-year-old rivalry between tech leaders Elon Musk and Sam Altman over who should run OpenAI and prevent an artificial intelligence “dictatorship” is now heading to a federal judge as Musk seeks to halt the ChatGPT maker’s ongoing shift into a for-profit company. Musk, an early OpenAI investor and board member, sued the artificial intelligence company earlier this year alleging it had betrayed its founding aims as a nonprofit research lab benefiting the public good rather than pursuing profits. Musk has since escalated the dispute, adding new claims and asking for a court order that would stop OpenAI’s plans to convert itself into a for-profit business more fully. The world’s richest man, whose companies include Tesla, SpaceX and social media platform X, last year started his own rival AI company, xAI. Musk says it faces unfair competition from OpenAI and its close business partner Microsoft, which has supplied the huge computing resources needed to build AI systems such as ChatGPT. “OpenAI and Microsoft together exploiting Musk’s donations so they can build a for-profit monopoly, one now specifically targeting xAI, is just too much,” says Musk’s filing that alleges the companies are violating the terms of Musk’s foundational contributions to the charity. OpenAI is filing a response Friday opposing Musk’s requested order, saying it would cripple OpenAI’s business and mission to the advantage of Musk and his own AI company. A hearing is set for January before U.S. District Judge Yvonne Gonzalez Rogers in Oakland. At the heart of the dispute is a 2017 internal power struggle at the fledgling startup that led to Altman becoming OpenAI’s CEO. Musk also wanted the job, according to emails revealed as part of the court case, but grew frustrated after two other OpenAI co-founders said he would hold too much power as a major shareholder and chief executive if the startup succeeded in its goal to achieve better-than-human AI known as artificial general intelligence, or AGI. Musk has long voiced concerns about how advanced forms of AI could threaten humanity. “The current structure provides you with a path where you end up with unilateral absolute control over the AGI,” said a 2017 email to Musk from co-founders Ilya Sutskever and Greg Brockman. “You stated that you don’t want to control the final AGI, but during this negotiation, you’ve shown to us that absolute control is extremely important to you.” In the same email, titled “Honest Thoughts,” Sutskever and Brockman also voiced concerns about Altman’s desire to be CEO and whether he was motivated by “political goals.” Altman eventually succeeded in becoming CEO, and has remained so except for a period last year when he was fired and then reinstated days later after the board that ousted him was replaced. OpenAI published the messages Friday in a blog post meant to show its side of the story, particularly Musk’s early support for the idea of making OpenAI a for-profit business so it could raise money for the hardware and computer power that AI needs. It was Musk, through his wealth manager Jared Birchall, who first registered “Open Artificial Technologies Technologies, Inc.”, a public benefit corporation, in September 2017. Then came the “Honest Thoughts” email that Musk described as the “final straw.” “Either go do something on your own or continue with OpenAI as a nonprofit,” Musk wrote back. OpenAI said Musk later proposed merging the startup into Tesla before resigning as the co-chair of OpenAI’s board in early 2018. Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. Musk didn’t immediately respond to emailed requests for comment sent to his companies Friday. Asked about his frayed relationship with Musk at a New York Times conference last week, Altman said he felt “tremendously sad” but also characterized Musk’s legal fight as one about business competition. “He’s a competitor and we’re doing well,” Altman said. He also said at the conference that he is “not that worried” about the Tesla CEO’s influence with President-elect Donald Trump. OpenAI said Friday that Altman plans to make a $1 million personal donation to Trump’s inauguration fund, joining a number of tech companies and executives who are working to improve their relationships with the incoming administration. —————————— The Associated Press and OpenAI have a licensing and technology agreement allowing OpenAI access to part of the AP’s text archives. Advertisement Advertisement

Trump viewed the stock market as a report card in his first term and watched its performance closely. A negative reaction by the market to his policies could prompt a re-think by the administration. One market strategist says new tariffs could spur a negative stock-market reaction. With President-elect Donald Trump set to begin his second term in January, the stock market could be an important check on the decisions he ultimately makes. Trump's ability to enact new policies has been greatly enhanced with Republicans in full control of Congress, and he's already been exerting pressure on lawmakers to fall in line with his agenda. Those members of Congress appear keen to play ball . The market, therefore, might be an important counterbalance to Trump's control of Washington. If his past tenure as president is any indication, he will be alert and sensitive to negative market reactions to his policies. During Trump's first term, he showed that he viewed the stock market as a real-time indicator of how he was doing, taking credit when it was up and diverting blame when it was down . Trump "demonstrated a keen focus on the stock market as a 'scorecard' for his administration's success," Mark Malek, chief investment officer at Siebert, told Business Insider. Perhaps the best example of this came on March 13, 2020. Trump sent the late Fox News host Lou Dobbs an autographed Yahoo! Finance chart of the Dow Jones Industrial Average, which had soared nearly 2,000 points that day in response to Trump declaring COVID-19 a national emergency . The moment demonstrated how Trump views the market's relationship to the president's performance, and observers say it's possible that if he were to announce or enact policies that spark a sharp decline in stocks, he could adjust his approach. Yardeni Research strategist Eric Wallerstein told Business Insider that certain policies that would add to the fiscal deficit and send bond investors into a panic might qualify as an event that could prompt a rethink from the administration. "Yields would blow out, the stock market would respond unkindly to that, and then maybe he would reverse course." That view echoed Jeremy Siegel's, with the Wharton professor noting shortly after the election that the President-elect will probably tread lightly when it comes to the markets. "Both the bond market and the stock market are going to be really big constraints on many of Trump's programs," Siegel said. This dynamic is top of mind for investors heading into next year given that some of Trump's campaign promises, like mass deportations of immigrants and universal tariffs of 10%-20% on imports, could be met with dismay by stock investors. That's because economists say the proposals could spark a rebound in inflation and limit the Federal Reserve's ability to keep cutting interest rates. "The market reaction is likely to be quite negative to a significant ratcheting up of tariffs," Sonu Varghese, global macro strategist at Carson Group, told Business Insider. "President Trump probably sees the stock market as a report card on his performance, and so presumably, a negative reaction in markets may prompt a tempering of proposals." For his part, Trump has said that his proposals would not influence US prices. "I am going to put tariffs on other countries coming into our country, and that has nothing to do with taxes to us. That is a tax on another country," he said in an August speech. There's another reason the stock market could serve as one of the few checks on Trump's power while in office next year: swings in the market could impact his own wealth. "Given Bloomberg's estimate of his net worth at approximately $6 billion, it is reasonable to assume that a portion of his wealth is sensitive to market movements. This financial exposure may further incentivize him to avoid policies that could destabilize the markets," Malek said. So, if Trump ultimately wants to see the stock market rise during his presidency, his campaign promises of massive tariffs and immigrant deportations may have to be watered down to avoid the collateral damage, sources said. "I think any president wants to enact policies that are good for the markets," Wallerstein said.Alleged tax evasion: Nigerian Govt sues Nigerdock, seven directors

More people finding permanent homes through city's homeless shelter program, city of Austin says

PARIS (AP) — France’s far-right and left-wing lawmakers joined together Wednesday in a historic no-confidence vote prompted by budget disputes that forces Prime Minister Michel Barnier and his Cabinet members to resign, a first since 1962 . The National Assembly approved the motion by 331 votes. A minimum of 288 were needed. President Emmanuel Macron insisted he will serve the rest of his term until 2027. However, he will need to appoint a new prime minister for the second time after July’s legislative elections led to a deeply divided parliament. Macron will address the French on Thursday evening, his office said, without providing details. Barnier is expected to formally resign by then. A conservative appointed in September, Barnier becomes the shortest-serving prime minister in France’s modern Republic. “I can tell you that it will remain an honor for me to have served France and the French with dignity,” Barnier said in his final speech before the vote. “This no-confidence motion... will make everything more serious and more difficult. That’s what I’m sure of,” he said. Wednesday's crucial vote rose from fierce opposition to Barnier's proposed budget. The National Assembly, France’s lower house of parliament, is deeply fractured, with no single party holding a majority. It comprises three major blocs: Macron’s centrist allies, the left-wing coalition New Popular Front, and the far-right National Rally. Both opposition blocs, typically at odds, are uniting against Barnier, accusing him of imposing austerity measures and failing to address citizens’ needs. Speaking on TF1 television after the vote, National Rally leader Marine Le Pen said “we had a choice to make, and our choice is to protect the French” from a “toxic” budget. Le Pen also accused Macron of being “largely responsible for the current situation,” adding that “the pressure on the President of the Republic will get stronger and stronger.” Speaking at the National Assembly ahead of the vote, hard-left lawmaker Eric Coquerel had called on the government to “stop pretending the lights will go out,” noting the possibility of an emergency law to levy taxes from Jan. 1, based on this year’s rules. “The special law will prevent a shutdown. It will allow us to get through the end of the year by delaying the budget by a few weeks,” Coquerel said. Macron must appoint a new prime minister, but the fragmented parliament remains unchanged. No new legislative elections can be held until at least July, creating a potential stalemate for policymakers. Macron said discussions about him potentially resigning were “make-believe politics” during a trip to Saudi Arabia earlier this week, according to French media reports. “I’m here because I’ve been elected twice by the French people,” Macron said. He was also reported as saying: “We must not scare people with such things. We have a strong economy.” While France is not at risk of a U.S.-style government shutdown, political instability could spook financial markets. France is under pressure from the European Union to reduce its colossal debt. The country’s deficit is estimated to reach 6% of gross domestic product this year and analysts say it could rise to 7% next year without drastic adjustments. The political instability could push up French interest rates, digging the debt even further. Carsten Brzeski, global chief of macro at ING Bank, said uncertainty over France’s future government and finances is deterring investment and growth. “The impact of France not having a government would clearly be negative for the growth of France and hence the Eurozone,” Brzeski said. France has seen bond market borrowing costs rise, bringing back ugly memories of the Greek debt crisis and default in 2010-2012. Analysts say France is far from a similar crisis because much of its outstanding debt does not come due for years, and because its bonds remain in demand due to a shortage of German government bonds. Additionally, the European Central Bank could intervene to lower French borrowing costs in case of extreme market turmoil, though the bar for that remains high. —- AP Journalist David McHugh in Frankfurt, Germany, contributed to the story.Johnson Controls International plc (NYSE:JCI) CEO Sells $18,541,853.44 in Stock

Lewandowski joins Ronaldo and Messi in Champions League 100-goal club. Haaland nets 2 but City draws

By KENYA HUNTER, Associated Press ATLANTA (AP) — As she checked into a recent flight to Mexico for vacation, Teja Smith chuckled at the idea of joining another Women’s March on Washington . As a Black woman, she just couldn’t see herself helping to replicate the largest act of resistance against then-President Donald Trump’s first term in January 2017. Even in an election this year where Trump questioned his opponent’s race , held rallies featuring racist insults and falsely claimed Black migrants in Ohio were eating residents’ pets , he didn’t just win a second term. He became the first Republican in two decades to clinch the popular vote, although by a small margin. “It’s like the people have spoken and this is what America looks like,” said Smith, the Los Angeles-based founder of the advocacy social media agency, Get Social. “And there’s not too much more fighting that you’re going to be able to do without losing your own sanity.” After Trump was declared the winner over Democratic Vice President Kamala Harris , many politically engaged Black women said they were so dismayed by the outcome that they were reassessing — but not completely abandoning — their enthusiasm for electoral politics and movement organizing. Black women often carry much of the work of getting out the vote in their communities. They had vigorously supported the historic candidacy of Harris, who would have been the first woman of Black and South Asian descent to win the presidency. Harris’ loss spurred a wave of Black women across social media resolving to prioritize themselves, before giving so much to a country that over and over has shown its indifference to their concerns. AP VoteCast , a survey of more than 120,000 voters, found that 6 in 10 Black women said the future of democracy in the United States was the single most important factor for their vote this year, a higher share than for other demographic groups. But now, with Trump set to return to office in two months, some Black women are renewing calls to emphasize rest, focus on mental health and become more selective about what fight they lend their organizing power to. “America is going to have to save herself,” said LaTosha Brown, the co-founder of the national voting rights group Black Voters Matter. She compared Black women’s presence in social justice movements as “core strategists and core organizers” to the North Star, known as the most consistent and dependable star in the galaxy because of its seemingly fixed position in the sky. People can rely on Black women to lead change, Brown said, but the next four years will look different. “That’s not a herculean task that’s for us. We don’t want that title. ... I have no goals to be a martyr for a nation that cares nothing about me,” she said. AP VoteCast paints a clear picture of Black women’s concerns. Black female voters were most likely to say that democracy was the single most important factor for their vote, compared to other motivators such as high prices or abortion. More than 7 in 10 Black female voters said they were “very concerned” that electing Trump would lead the nation toward authoritarianism, while only about 2 in 10 said this about Harris. About 9 in 10 Black female voters supported Harris in 2024, according to AP VoteCast, similar to the share that backed Democrat Joe Biden in 2020. Trump received support from more than half of white voters, who made up the vast majority of his coalition in both years. Like voters overall, Black women were most likely to say the economy and jobs were the most important issues facing the country, with about one-third saying that. But they were more likely than many other groups to say that abortion and racism were the top issues, and much less likely than other groups to say immigration was the top issue. Despite those concerns, which were well-voiced by Black women throughout the campaign, increased support from young men of color and white women helped expand Trump’s lead and secured his victory. Politically engaged Black women said they don’t plan to continue positioning themselves in the vertebrae of the “backbone” of America’s democracy. The growing movement prompting Black women to withdraw is a shift from history, where they are often present and at the forefront of political and social change. One of the earliest examples is the women’s suffrage movement that led to ratification in 1920 of the 19th Amendment to the Constitution , which gave women the right to vote. Black women, however, were prevented from voting for decades afterward because of Jim Crow-era literacy tests, poll taxes and laws that blocked the grandchildren of slaves from voting. Most Black women couldn’t vote until the Voting Rights Act of 1965. Black women were among the organizers and counted among the marchers brutalized on the Edmund Pettus Bridge in Alabama, during the historic march in 1965 from Selma to Montgomery that preceded federal legislation. Decades later, Black women were prominent organizers of the Black Lives Matter movement in response to the deaths of Black Americans at the hands of police and vigilantes. In his 2024 campaign, Trump called for leveraging federal money to eliminate diversity, equity and inclusion programs in government programs and discussions of race, gender or sexual orientation in schools. His rhetoric on immigration, including false claims that Black Haitian immigrants in Springfield, Ohio, were eating cats and dogs, drove support for his plan to deport millions of people . Tenita Taylor, a Black resident of Atlanta who supported Trump this year, said she was initially excited about Harris’ candidacy. But after thinking about how high her grocery bills have been, she feels that voting for Trump in hopes of finally getting lower prices was a form of self-prioritization. “People say, ‘Well, that’s selfish, it was gonna be better for the greater good,”’ she said. “I’m a mother of five kids. ... The things that (Democrats) do either affect the rich or the poor.” Some of Trump’s plans affect people in Olivia Gordon’s immediate community, which is why she struggled to get behind the “Black women rest” wave. Gordon, a New York-based lawyer who supported the Party for Socialism and Liberation’s presidential nominee, Claudia de la Cruz, worries about who may be left behind if the 92% of Black women voters who backed Harris simply stopped advocating. “We’re talking millions of Black women here. If millions of Black women take a step back, it absolutely leaves holes, but for other Black women,” she said. “I think we sometimes are in the bubble of if it’s not in your immediate circle, maybe it doesn’t apply to you. And I truly implore people to understand that it does.” Nicole Lewis, an Alabama-based therapist who specializes in treating Black women’s stress, said she’s aware that Black women withdrawing from social impact movements could have a fallout. But she also hopes that it forces a reckoning for the nation to understand the consequences of not standing in solidarity with Black women. “It could impact things negatively because there isn’t that voice from the most empathetic group,” she said. “I also think it’s going to give other groups an opportunity to step up. ... My hope is that they do show up for themselves and everyone else.” Brown said a reckoning might be exactly what the country needs, but it’s a reckoning for everyone else. Black women, she said, did their job when they supported Harris in droves in hopes they could thwart the massive changes expected under Trump. “This ain’t our reckoning,” she said. “I don’t feel no guilt.” AP polling editor Amelia Thomson DeVeaux and Associated Press writer Linley Sanders in Washington contributed to this report. The Associated Press Health and Science Department receives support from the Robert Wood Johnson Foundation. The AP is solely responsible for all content.Capricorn – (22nd December to 19th January) Daily Horoscope Prediction says, Struggles make you stronger today Look for moments to celebrate in the love affair. Be sincere at work and this will give positive outputs. Keep your financial life safe and steady today. Be sincere in love and you will see positive changes. Ensure you meet the expectations at work. Both health and wealth are on your side. Capricorn Love Horoscope Today You should devote more time to the love affair and must consider sitting with your partner and expressing your emotions. Avoid discussing old unpleasant issues in the relationship and do not open up the healed wounds. Those who have already proposed and are waiting for a response can be confident about a positive one. Female natives have high chances to conceive and you need to be ready to welcome a new member to the family. Those who are in long-distance relationships must have more communication and should also be supportive of each other. Capricorn Career Horoscope Today Do not say no to new tasks at the workplace. Each new assignment will give me the opportunity to prove my professional mettle. A few healthcare and IT professionals will relocate abroad. Handle foreign clients with extra care as any minor issue may impact the business. The first half of the day is good to launch a new project. Your interaction with the client will be fruitful. Entrepreneurs need to keep authorities happy today. Traders may face license and policy-related issues today. Capricorn Money Horoscope Today Money can be a major factor today as you may have unexpected expenses. A medical emergency in the family would financial assistance. Take the initiative to settle a financial dispute within the family. You may see fortune in speculative business as well as online gaming. You may also buy new property or jewelry today. Some Capricorns will clear all pending dues while a legal suit over property will also be settled today. Capricorn Health Horoscope Today The second part of the day will see minor troubles, especially related to the lungs or chest. Seniors may develop breathing difficulties. Those who love adventure sports should be careful and must keep a medical kit ready in the bag. Athletes and soccer players may have minor injuries today. Seniors may have urine-related issues which will need medical attention. Capricorn Sign Attributes Strength: Intelligent, Practical, Trustworthy, Generous, Optimistic Weakness: Persistent, Stubborn, Suspicious Symbol: Goat Element: Earth Body Part: Bones & Skin Sign Ruler: Saturn Lucky Day: Saturday Lucky Color : Grey Lucky Number : 4 Lucky Stone: Amethyst Capricorn Sign Compatibility Chart Natural affinity: Taurus, Virgo, Scorpio, Pisces Good compatibility: Cancer, Capricorn Fair compatibility: Gemini, Leo, Sagittarius, Aquarius Less compatibility: Aries, Libra By: Dr. J. N. Pandey Vedic Astrology & Vastu Expert Website: www.astrologerjnpandey.com E-mail: djnpandey@gmail.com Phone: 91-9811107060 (WhatsApp Only)US stocks rallied, led by the Dow Jones, after Scott Bessent's nomination to run the Treasury Deparment. Bessent is seen as a stabilizing, pro-market force that could counter some of Trump's inflationary policies. Investors are eyeing key data releases in the holiday-shortened trading week, including PCE and GDP data. US stocks extended their rally on Monday, led by the Dow Jones Industrial Average , which surged 440 points and closed at a record. The S&P 500 and the Nasdaq Composite also gained. The small-cap Russell 2000 jumped 1.7% to an all-time high. Investors cheered President-elect Donald Trump's pick for Treasury Secretary, former hedge fund manager Scott Bessent. The pick of Bessent sparked a sell-off in the US dollar, Treasury yields, and gold as Wall Street expects him to pursue pro-market policies that help spur economic growth and limit inflation. The former global macro investor is seen as a pro-market, stabilizing force that could counter some of Trump's plans that could stoke inflation or further balloon the deficit. Bond yields dropped as investors saw Bessent's nomination as lowering the potential for a spike in inflation in 2025 and beyond. The 10-year Treasury yield plunged 14 basis points to 4.268%. "The choice of Scott Bessent as Treasury secretary seems to have allayed major fiscal concerns," economist James Reilly of Capital Economics said. Reports say Bessent pitched the 3-3-3 plan to Trump earlier this year, which was received favorably. The plan refers to three targets: cut the budget deficit to 3% of gross domestic product by 2028, spur annual GDP growth to 3% via deregulation, and produce an additional 3 million barrels of oil per day. He has also floated the idea of gradually implementing tariffs to avoid causing a sudden, painful spike in inflation. "Bessent as Treasury Secretary lends substantial economic and market credibility to the cabinet," Fundstrat's head of research Tom Lee said, adding that his role will be a positive for market dynamics heading into 2025. Meanwhile, it's a busy week for economic data despite the shortened holiday week. Investors will get initial jobless claims, a third-quarter GDP revision, and personal consumption expenditures data on Wednesday morning, as the stock market is closed on Thursday in observance of Thanksgiving. Economists expect initial jobless claims to come in at 215,000, and third-quarter GDP growth to be 2.8%, while PCE inflation data is expected to be the same as last month at 0.2% on a month-over-month basis. Here's where US indexes stood at the 4:00 p.m. closing bell on Monday: S&P 500 : 5,987.29, up 0.3% Dow Jones Industrial Average : 44,736.57, up 0.99% (+440.06 points) Nasdaq composite : 19,054.84, up 0.27% Here's what else is going on: UBS said Tesla stock could plunge 35% because the Trump-fueled rally isn't supported by fundamentals. A century-old land owner in Texas is seeing its stock surge thanks to an AI-fueled data center boom. Economists say Trump's immigration plans could deepen US demographic challenges. The stock market's back-to-back gains of more than 20% sets 2025 up for another big rally, Ryan Detrick said. The stock market could be a key check on Donald Trump's agenda during his second term in office. Here's what a strategic bitcoin reserve could mean for the price of the cryptocurrency. The rise of passive investing in the stock market could lead to more volatile trades during risk-off periods. In commodities, bonds, and crypto: West Texas Intermediate crude oil dropped 3.06% to $69.06 a barrel. Brent crude , the international benchmark, was lower by 2.69% to $73.15 a barrel. Gold declined 3.07% to $2,628.80 an ounce. The 10-year Treasury yield dropped 14 basis points to 4.268%. Bitcoin fell 3.48% to $94,605.