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Stock market today: Wall Street gains ground as it notches a winning week and another Dow record
US attorney general tried to block Gerry Adams fundraising over IRA weapons fears, unearthed records reveal
What Trent Alexander-Arnold to Real Madrid would mean and why Liverpool are prepared no matter what happens
Stock market today: Tech stocks and AI pull Wall Street to more records
Pep Guardiola spoke of his relief after Manchester City finally got back to winning ways with a comfortable 3-0 defeat of Nottingham Forest on Wednesday. The champions had descended into crisis after a run of seven games without a win – six of which were defeats and the other an embarrassing 3-3 draw after leading 3-0. Four of those losses had come in the Premier League, heavily damaging their chances of claiming a fifth successive title, but they appeared to turn the corner by sweeping Forest aside at the Etihad Stadium. “We needed it,” said City manager Guardiola. “The club, the players, everyone needed to win. A good night's work 🫡 Thank you for backing us all the way, City fans 🩵 pic.twitter.com/UOcKm0Y6Ry — Manchester City (@ManCity) December 4, 2024 “But it is just one game and in three days we are at Selhurst Park, where it has always been difficult. “We played good. We still conceded some transitions and missed some easy things and lost some passes that you have to avoid, but in general, the most important thing was to break this routine of not winning games and we won it.” Kevin De Bruyne, making his first start since September after overcoming a pelvic injury, made a huge difference to a side that appeared rejuvenated. His powerful header was turned in by Bernardo Silva for the opening goal and the Belgian followed up with a powerful strike to make it 2-0. The 33-year-old is out of contract at the end of the season but it was a strong riposte to recent suggestions of a rift with Guardiola. A sweet strike 💥 ⚡️ #HighSpeedMoments | @eAndGroup pic.twitter.com/WJOkfKo2zr — Manchester City (@ManCity) December 4, 2024 “I’m so happy for him,” said Guardiola of De Bruyne’s telling contribution. “Last season he was many months injured and this season as well. “I’m so happy he’s back. He fought a lot, he’s worked and he’s back with his physicality. The minutes he played in Anfield were really good and today he played 75 fantastic minutes.” Jeremy Doku wrapped up a pleasing win when he finished a rapid counter-attack just before the hour but there was still a downside for City with injuries to defenders Nathan Ake and Manuel Akanji. Guardiola said: “For Nathan it doesn’t look good and Manu has struggled a lot over the last two months. We will see. “Phil (Foden) has bronchitis but when he doesn’t have fever he will be ready.” Despite City’s dominance, Forest did have some bright moments and manager Nuno Espirito Santo was not downbeat. He said: “When you lose 3-0 and you say it was a good performance maybe people don’t understand, but I will not say that was a bad performance. “There are positive things for us in the game. Of course there are a lot of bad things, mistakes, but we had chances. “We didn’t achieve but I think we come out proud of ourselves because we tried. For sure, this game will allow us to grow.”EU universal charger rules come into forceDiamcor Mining (CVE:DMI) Trading Down 16.7% – Should You Sell?
Lautaro Martinez ends goal drought as Inter keep pressure on Serie A leadersDirexion Daily S&P Biotech Bull 3x Shares ( NYSEARCA:LABU – Get Free Report )’s share price gapped down before the market opened on Thursday . The stock had previously closed at $96.24, but opened at $94.00. Direxion Daily S&P Biotech Bull 3x Shares shares last traded at $94.42, with a volume of 203,924 shares trading hands. Direxion Daily S&P Biotech Bull 3x Shares Stock Down 4.3 % The firm has a fifty day moving average of $116.47 and a two-hundred day moving average of $123.16. Hedge Funds Weigh In On Direxion Daily S&P Biotech Bull 3x Shares Several institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp bought a new stake in Direxion Daily S&P Biotech Bull 3x Shares during the second quarter valued at about $596,000. Foundations Investment Advisors LLC grew its position in shares of Direxion Daily S&P Biotech Bull 3x Shares by 25.3% in the 2nd quarter. Foundations Investment Advisors LLC now owns 4,087 shares of the company’s stock worth $464,000 after buying an additional 825 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Direxion Daily S&P Biotech Bull 3x Shares during the 2nd quarter worth approximately $68,000. SG Americas Securities LLC lifted its position in Direxion Daily S&P Biotech Bull 3x Shares by 49.3% during the third quarter. SG Americas Securities LLC now owns 3,199 shares of the company’s stock valued at $412,000 after acquiring an additional 1,057 shares during the last quarter. Finally, McGuire Investment Group LLC boosted its stake in Direxion Daily S&P Biotech Bull 3x Shares by 3.9% in the third quarter. McGuire Investment Group LLC now owns 4,633 shares of the company’s stock valued at $596,000 after acquiring an additional 175 shares in the last quarter. About Direxion Daily S&P Biotech Bull 3x Shares The Direxion Daily S&P Biotech Bull 3X Shares (LABU) is an exchange-traded fund that is based on the S&P Biotechnology Select Industry index. The fund provides daily 3 times exposure to the S&P Biotechnology Select Industry Index. LABU was launched on May 28, 2015 and is managed by Direxion. Further Reading Receive News & Ratings for Direxion Daily S&P Biotech Bull 3x Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily S&P Biotech Bull 3x Shares and related companies with MarketBeat.com's FREE daily email newsletter .
Lautaro Martinez ends goal drought as Inter keep pressure on Serie A leadersNEW YORK (AP) — If you're planning on ringing in the new year quietly at home, you're not alone. A majority of U.S adults intend to celebrate New Year’s Eve at home, according to a new poll by The Associated Press-NORC Center for Public Affairs Research . “As I’ve gotten older over the last few years, it’s like if I don’t make it to midnight, it’s not a big deal, you know?” says Carla Woods, 70, from Vinton, Iowa. Nearly 2 in 10 will be celebrating at a friend or family member’s home, and just 5% plan to go out to celebrate at a bar, restaurant or organized event, the poll found. But many U.S. adults will celebrate the new year in a different way — by making a resolution. More than half say they'll make at least one resolution for 2025. There's some optimism about the year ahead, although more than half aren't expecting a positive change. About 4 in 10 say 2025 will be a better year for them personally. About one-third don’t expect much of a difference between 2024 and 2025, and about one-quarter think 2025 will be a worse year than 2024. Kourtney Kershaw, a 32-year-old bartender in Chicago, often fields questions from customers and friends about upcoming events for New Year's Eve. She said this year is trending toward low-key. “A majority of who I’ve spoken to in my age range, they want to go out, but they don’t know what they’re going to do because they haven’t found anything or things are just really expensive,” she said. “Party packages or an entry fee are like a turnoff, especially with the climate of the world and how much things cost.” As expected, younger people are more interested in ringing in the new year at a bar or organized event — about 1 in 10 U.S. adults under 30 say they plan to do that. But about 3 in 10 older adults — 60 and above — say they won’t celebrate the beginning of 2025 at all. Anthony Tremblay, 35, from Pittsburgh, doesn't usually go out to toast the arrival of the new year, but this year he's got something special cooked up: He and his wife will be traveling through Ireland. “I don’t do anything too crazy for New Year’s, usually. So this is definitely a change,” he said. “I wanted to do something unique this year, so I did.” Woods will be working New Year’s Eve and New Year’s Day. She answers calls on The Iowa Warmline, a confidential, noncrisis listening line for people struggling with mental health or substance use issues. “Holidays are really hard for people, so I don’t mind working,” she said. “I’m passionate about it because I have mental health issues in the family and so being able to help people is rewarding to me.” Every New Year's also triggers the eternal debate about resolutions. A majority of U.S. adults say they intend to make a New Year’s resolution of some type, but millennials and Gen Z are especially likely to be on board — about two-thirds expect to do so, compared to about half of older adults. Women are also more likely than men to say they will set a goal for 2025. Tremblay hopes to lose some weight and focus more on self-care — more sleep, meditation and breathing exercises. “It’s probably a good year to focus on mental health,” he said. Many others agree. About 3 in 10 adults choose resolutions involving exercise or eating healthier. About one-quarter said they'll make a resolution involving losing weight and a similar number said they'll resolve to make changes about priorities of money or mental health. Woods' resolutions are to stay social and active. As a mental health counselor, she knows those are key to a happy 2025 and beyond: “Probably one of my biggest resolutions is trying to make sure I stay social, try to get out at least once a week — get out and either have coffee or do something with a friend. That’s not only for the physical but also for the mental health part.” Kershaw, the bartender, says weight loss and better health are the top resolutions she hears people make. “Mental health is the new one, but I think it’s high up there as well as with regular health,” she said. She prefers more goal-oriented resolutions and, this time, it's to do more traveling and see more of the world: “I don’t know if that’s really a resolution, but that’s a goal that I’m setting.” And how will she welcome the arrival of 2025? Usually, she takes the night off and stays home watching movies with plenty of snacks, but this year Kershaw has a different plan, maybe one of the most Chicago things you can do. This die-hard sports fan will be at Wrigley Field on Tuesday watching the Chicago Blackhawks take on the St. Louis Blues. “Hockey’s my favorite sport. So I will be watching hockey and bringing in the new year,” she said. The AP-NORC poll of 1,251 adults was conducted Dec. 5-9, 2024, using a sample drawn from NORC’s probability-based AmeriSpeak Panel, which is designed to be representative of the U.S. population. The margin of sampling error for adults overall is plus or minus 3.7 percentage points. Sanders reported from Washington.Pep Guardiola spoke of his relief after Manchester City finally got back to winning ways with a comfortable 3-0 defeat of Nottingham Forest on Wednesday. The champions had descended into crisis after a run of seven games without a win – six of which were defeats and the other an embarrassing 3-3 draw after leading 3-0. Four of those losses had come in the Premier League, heavily damaging their chances of claiming a fifth successive title, but they appeared to turn the corner by sweeping Forest aside at the Etihad Stadium. “We needed it,” said City manager Guardiola. “The club, the players, everyone needed to win. “But it is just one game and in three days we are at Selhurst Park, where it has always been difficult. “We played good. We still conceded some transitions and missed some easy things and lost some passes that you have to avoid, but in general, the most important thing was to break this routine of not winning games and we won it.” Kevin De Bruyne, making his first start since September after overcoming a pelvic injury, made a huge difference to a side that appeared rejuvenated. His powerful header was turned in by Bernardo Silva for the opening goal and the Belgian followed up with a powerful strike to make it 2-0. The 33-year-old is out of contract at the end of the season but it was a strong riposte to recent suggestions of a rift with Guardiola. A sweet strike 💥 ⚡️ #HighSpeedMoments | @eAndGroup pic.twitter.com/WJOkfKo2zr — Manchester City (@ManCity) December 4, 2024 “I’m so happy for him,” said Guardiola of De Bruyne’s telling contribution. “Last season he was many months injured and this season as well. “I’m so happy he’s back. He fought a lot, he’s worked and he’s back with his physicality. The minutes he played in Anfield were really good and today he played 75 fantastic minutes.” Jeremy Doku wrapped up a pleasing win when he finished a rapid counter-attack just before the hour but there was still a downside for City with injuries to defenders Nathan Ake and Manuel Akanji. Guardiola said: “For Nathan it doesn’t look good and Manu has struggled a lot over the last two months. We will see. “Phil (Foden) has bronchitis but when he doesn’t have fever he will be ready.” Despite City’s dominance, Forest did have some bright moments and manager Nuno Espirito Santo was not downbeat. He said: “When you lose 3-0 and you say it was a good performance maybe people don’t understand, but I will not say that was a bad performance. “There are positive things for us in the game. Of course there are a lot of bad things, mistakes, but we had chances. “We didn’t achieve but I think we come out proud of ourselves because we tried. For sure, this game will allow us to grow.”
49ers QB Brock Purdy resumes throwing but status for this week remains unknownShares of Tesla ( TSLA -4.95% ) declined by 42% in the first few months of 2024. As of this writing, it's now up by a whopping 86% year to date, and it recently surpassed its all-time high from 2021. Why the stunning turnaround? CEO Elon Musk put his cash and influence behind Donald Trump's election campaign, which may have helped him bring the victory home. As a result, investors are speculating that Tesla will benefit from the incoming administration's policies, which is why most of the gain in its stock for 2024 occurred after Election Day on Nov. 5. With the year drawing to a close, the company is almost due to report its fourth-quarter production and delivery numbers for its electric vehicles (EVs). Those figures should be announced on Jan. 2, and they have the potential to move Tesla's stock. So, should investors buy it beforehand? Tesla's EV deliveries are on track to decline in 2024 The stock might be having a great year, but its core business isn't. The company delivered 1.29 million EVs during the first three quarters of 2024, which was a 2.3% drop from the same period last year. That puts Tesla's deliveries on track for their first annual decline since the company launched its flagship Model S in 2011. That's a problem, because EV sales still account for 79% of the company's total revenue. I f this part of its business isn't performing, it becomes very hard to justify further upside in its stock (more on this later). As recently as last year, Musk forecast a 50% annual increase in EV production as far as the eye can see, but that production push can't happen if sales aren't keeping up. The company faces a number of challenges. EV demand appears to be softening in general, with legacy automakers like Ford and General Motors slashing billions of dollars from their planned investments into this segment over the last couple of years. Just four months ago, Ford scrapped its new electric sport utility vehicle entirely, after investing $1.9 billion in developing it. It will focus on hybrids instead, which are more familiar to drivers of old-school gas cars and also sell at a cheaper price point. Competition from low-cost EV manufacturers in countries like China have also hurt Tesla. BYD , for example, sells a $10,000 model in China, and it plans to launch it in Europe in 2025. Tesla has a large presence in both of those markets, and it simply can't compete at that price point. That is unlikely to change, because Musk recently canceled his plans to produce a low-cost EV. Deliveries aren't the main thing driving Tesla stock You might be wondering why Tesla stock is soaring in light of all of the issues I highlighted above. Investors are more focused on the company's full self-driving (FSD) software, which could transform its economics. In fact, the reason Musk scrapped the low-cost EV is because he wants to focus on Tesla's new autonomous robotaxi, which is called the Cybercab. It should enter mass production in 2026, and it won't come with pedals or even a steering wheel because it will run entirely on Tesla's FSD software. The company plans to operate an autonomous ride-hailing network where Cybercabs can earn revenue around the clock by hauling passengers. Consumers will be able to buy them for personal use, or they can use them to operate their own autonomous ride-hailing fleet. FSD is already available in beta mode for owners of Tesla's passenger EVs, but it isn't actually approved for unsupervised use anywhere in the U.S. just yet. Investors are betting the incoming Trump administration will operate a much more easygoing regulatory regime, which could potentially fast-track FSD approval. Top Wall Street technology analyst Dan Ives predicts FSD represents a $1 trillion opportunity for Tesla. Similarly, Cathie Wood 's Ark Invest believes the company will generate $1.2 trillion in annual revenue by 2029, with 63% coming from FSD and the Cybercab. That's why Tesla stock rocketed higher after the election -- the sooner FSD is approved, the quicker the company can unlock that value. Tesla stock is extremely expensive right now Before investors jump in to buy the stock before Jan. 2, they need to consider its valuation. Based on the company's trailing-12-month earnings per share of $3.65, the stock trades at a price-to-earnings ratio (P/E) of 125.That makes it one of the priciest large-cap tech stocks in the U.S. -- it's more than twice as expensive as Nvidia ! TSLA PE ratio ; data by YCharts. The Nasdaq-100 technology index trades at a P/E of just 33.9, and considering it's home to most of Tesla's big-tech peers, it really puts the company's sky-high valuation into perspective. As I highlighted earlier, Tesla's deliveries are on track to shrink in 2024 once the final numbers for the year are officially reported on Jan. 2. Without growth, its stock has no justifiable reason to trade at such a lofty level. Musk believes deliveries could increase by as much as 30% in 2025. However, it's unclear where that growth will come from, since there is no low-cost EV on the way, and the Cybercab won't enter mass production until 2026. As a result, it's extremely unlikely the Jan. 2 report will contain anything that will make Tesla seem attractive at the current price, so investors who don't own it already might want to sit on the sidelines until we see a meaningful correction.