Wall Street stocks finished a lackluster week on a muted note Friday as concerns about rising Treasury bond yields competed with enthusiasm over artificial intelligence equities. Of the major indices, only the Nasdaq mustered a gain in Friday's session. The tech-rich index was also the only of the three leading US benchmarks to conclude the week higher. "Equities are kind of treading water," said LBBW's Karl Haeling. "A negative influence to some extent is the rise in bond yields." The latest US consumer price index data released this week showed prices ticked higher in November and the wholesale data also showed stubborn inflationary pressures. "Yields rose to their highest levels in over two weeks as markets brace for the Federal Reserve's final meeting of the year, reflecting concerns over sticky inflation," said Chris Beauchamp, chief market analyst at online trading platform IG. There is also growing concern over the inflationary pressures from President-elect Donald Trump's pledges to cut taxes and impose tariffs, as inflation still stands above the Fed's target. "While the markets still anticipate a rate cut from the Federal Reserve next week, the likelihood of a move in January has dropped," said Patrick Munnelly, partner at broker Tickmill Group. The CME FedWatch tool shows the market sees a more than 75 percent chance that the Fed will hold rates steady in January. In Europe, the Paris CAC 40 index ended the day down 0.2 percent after French President Emmanuel Macron named his centrist ally Francois Bayrou as prime minister, ending days of deadlock over finding a replacement for Michel Barnier. Frankfurt also dipped, with Germany's central bank sharply downgrading its growth forecasts on Friday for 2025 and 2026. It predicted a prolonged period of weakness for Europe's biggest economy. London stocks were also lower after official data showed that the UK economy unexpectedly shrank for the second consecutive month in October. The euro recovered after flirting with two-year lows against the dollar following a warning Thursday by ECB president Christine Lagarde that the eurozone economy was "losing momentum", cautioning that "the risk of greater friction in global trade could weigh on euro area growth". In Asia, Hong Kong and Shanghai both tumbled as investors were unimpressed with Beijing's pledge to introduce measures aimed at "lifting consumption vigorously" as part of a drive to reignite growth in the world's number two economy. President Xi Jinping and other key leaders said at the annual Central Economic Work Conference they would implement a "moderately loose" monetary policy, increase social financing and reducing interest rates "at the right time". The gathering came after Beijing in September began unveiling a raft of policies to reverse a growth slump that has gripped the economy for almost two years. "We're still not convinced that policy support will prevent the economy from slowing further next year", said Julian Evans-Pritchard, head of China economics at research group Capital Economics. Among individual equities, chip company Broadcom surged nearly 25 percent after reporting a 51 percent jump in quarterly revenues to $14.1 billion behind massive growth in AI-linked business. More from this section New York - Dow: DOWN 0.2 percent at 43,828.06 (close) New York - S&P 500: FLAT at 6,051.09 (close) New York - Nasdaq Composite: UP 0.1 percent at 19,926.72 (close) London - FTSE 100: DOWN 0.1 percent at 8,300.33 (close) Paris - CAC 40: DOWN 0.2 percent at 7,409.57 (close) Frankfurt - DAX: DOWN 0.1 percent at 20,405.92 (close) Tokyo - Nikkei 225: DOWN 1.0 percent at 39,470.44 (close) Hong Kong - Hang Seng Index: DOWN 2.1 percent at 19,971.24 (close) Shanghai - Composite: DOWN 2.0 percent at 3,391.88 (close) Euro/dollar: UP at $1.0504 from $1.0467 on Thursday Pound/dollar: DOWN at $1.2622 from $1.2673 Dollar/yen: UP at 153.60 yen from 152.63 yen Euro/pound: UP at 83.19 pence from 82.59 pence Brent North Sea Crude: UP 1.5 percent at $74.49 per barrel West Texas Intermediate: UP 1.8 percent at $71.29 per barrel burs-jmb/stBOSTON , Dec. 13, 2024 /PRNewswire/ -- The Board of Directors (the "Board") of The China Fund, Inc. (the "Fund") has declared a distribution in the amount of $0.1497 per share. The distribution is comprised entirely of ordinary income. The dividend will be payable on January 10, 2025 , to stockholders of record on December 30, 2024 , with an ex-dividend date of December 30, 2024 . The Fund has a Dividend Reinvestment and Cash Purchase Plan (the "Plan") in which each stockholder automatically participates, unless the stockholder instructs Computershare Trust Company, N.A. (the "Plan Agent"), in writing, to have all distributions, net of any applicable U.S. withholding tax, paid in cash. If the Fund's shares are trading at a premium to the net asset value ("NAV") per share of the Fund on the distribution payment date, the Plan provides that stockholders will be issued Fund shares valued at NAV. If the Fund's shares are trading at a discount to the NAV per share, stockholders will be issued shares of the Fund valued at market price. Stockholders will not be charged a fee in connection with the reinvestment of dividends or capital gains distributions. A stockholder may terminate his or her participation in the Plan by notifying the Plan Agent in writing at the address below. Stockholders who have questions regarding the distribution may contact EQ Fund Solutions, LLC at 1-888-CHN-CALL (246-2255). The Fund is a closed-end management investment company with the objective of seeking long-term capital appreciation by investing primarily in equity securities (i) of companies for which the principal securities trading market is in the People's Republic of China (" China "), or (ii) of companies for which the principal securities trading market is outside of China , or constituting direct equity investments in companies organized outside of China , that in both cases derive at least 50% of their revenues from goods and services sold or produced, or have at least 50% of their assets, in China . While the Fund is permitted to invest in direct equity investments of companies organized in China , it presently holds no such investments. The Fund's shares are listed on the New York Stock Exchange under the ticker symbol "CHN." The Fund's investment manager is Matthews International Capital Management, LLC. For more information regarding the Fund and the Fund's holdings, please call 1-888-CHN-CALL (246-2255) or visit the Fund's website at www.chinafundinc.com . For more information about the Plan or to terminate your participation in the Plan, please contact Computershare Trust Company, N.A. at c/o The China Fund, Inc. at P.O. Box 43078, Providence, Rhode Island 02940-3078, by telephone at 1-800-426-5523 or via the Internet at www.computershare.com/investor . View original content: https://www.prnewswire.com/news-releases/the-china-fund-inc-declares-distributions-302331625.html SOURCE The China Fund, Inc. © 2024 Benzinga.com. Benzinga does not provide investment advice. 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America's worst mayor Tiffany Henyard breaks her silence after epic meltdown to issue fierce warning By ALYSSA GUZMAN FOR DAILYMAIL.COM Published: 08:08 AEDT, 8 December 2024 | Updated: 08:08 AEDT, 8 December 2024 e-mail View comments America's worst mayor Tiffany Henyard has broken her silence after suffering an epic meltdown following a political caucus. The Dolton mayor lost the Democratic nomination for Thornton Township supervisor on Tuesday night - a position she held since 2022 - after the township held an intense caucus instead of a primary election . The decision caused Henyard to have an epic meltdown where she was seen yelling at her opponent Napoleon Harris, a state senator who had the right to decided whether a nominee is determined through a primary or caucus. After many months of criticism from her constituents, Henyard has finally broken her silence as she threatens legal action. Henyard had been left off the April primary ballot for the Democratic party caucus vote. 'It was voter suppression, and we have a problem with that,' Henyard told ABC 7 Chicago . 'They are neglecting their duties as a trustee, and they should be removed from office due to it. She insisted she'll be on the ballot come April for the township supervisor position, which she holds in addition to her mayoral position. 'One hundred percent confident that I will be,' she said. 'They did a lot of illegal actions, which my lawyer is drawing up the lawsuit currently.' America's worst mayor Tiffany Henyard has broken her silence to threaten legal action after her name was left off the April primary ballot for the Democratic party caucus vote. 'It was voter suppression, and we have a problem with that,' Henyard said She has warned that Thornton Township may have to shut down if insurance isn't approved by the board after two trustees have boycotted multiple meetings, according to the outlet. Nothing can be done without them as they do not have enough members to conduct business. Trustee Chris Gonzalez said he chose not to attend to block Henyard from appointing a new trustee that would give her more power to continue her reign of chaos. 'If she gets that third spot, then it's kind of free reign everything... finances, hiring firings things like that,' the trustee told ABC 7. 'We just feel it's important a to get it to the people to make that choice.' But Henyard said Gonzalez's and Trustee Carmen Carlisle's absences could get the township shutdown as they currently do not have any insurance. 'How do we operate? We have our vehicles, we have people who come inside our buildings. If you fall, how do we pay for it? We're not covered. So now what? We have to pull it out of our general fund?' the Dolton mayor questioned. 'Don't create chaos. Don't hurt the residents because you all think you hurt me. You're not. You're hurting the people.' However, many of her residents would say she creates chaos, as her track record is damningly low. In October, the well-dressed mayor was booed out of a town meeting by furious residents . The decision caused Henyard to have an epic meltdown where she was seen yelling at her opponent Napoleon Harris, a state senator who had the right to decided whether a nominee is determined through a primary or caucus She insisted she'll be on the ballot come April for the township supervisor position, which she holds in addition to her mayoral position Read More 'Delusional' mayor Tiffany Henyard dubbed the 'worst in America' launches re-election campaign Henyard arrived at the village board meeting an hour late and was met with outraged residents, reported WGN . Despite the meeting's location being moved to the local park district facilities after Illinois Attorney General Kwame Raoul’s Office found Dolton had violated the state’s Open Meetings Act, Henyard tried to hold a separate board meeting at Village Hall, according to WSL . Eventually, she made her way to the park district building and announced that she was vetoing everything the board had already voted on. 'I just want to come here and lay the law down as it relates to what's going on in our village, where we are, and where we're going,' Henyard said. Village trustees voted to address Dolton’s deficit - which is estimated at $2.8million this year - and approved steps to stop several high-profile vehicle leases. She has been shrouded in controversy including getting evicted from her home for owing over $3,300 in rent payments. She also threw an $85,000 party for her town in September even though she has been cut off from spending by the state for sinking her town into debt. The event cost about $50,000 in taxpayers' money to cover performances and more than $35,000 on activities, equipment and staff. 'Don't create chaos. Don't hurt the residents because you all think you hurt me. You're not. You're hurting the people.' However, many of her residents would say she creates chaos, as her track record is damningly low She's know for her outrageous spending, including throwing an $85,000 party for her town in September even though she has been cut off from spending by the state for sinking her town into debt In August, the Illinois State Comptroller cut off funding to Dolton after Henyard failed to hand over finance reports for the use of about $135,000. Susana Mendoza, the comptroller, threatened to fine the town $78,600 if Henyard did not turn over the reports. The self-proclaimed 'Super Mayor' has a history of absurd spending habits that involve the misuse of the town's funding - plunging the small town $5million in debt. The Democrat was elected in 2021 and is Dolton's first female mayor. 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Owning a home in the US is linked to longer life expectancy, research findslit up in more ways than one as the edged out the in a thrilling . But on this night, football wasn't the only focus. The took a moment to honor one of their all-time greats, , as he was inducted into the team's Hali, a six-time who spent all of his career with the , was celebrated not just for his on-field dominance but also for his inspiring journey. From his escape from war-torn Liberia to becoming one of the franchise's most revered figures, his story resonates far The festivities brought out the , including , wife of Chiefs owner . Tavia shared her excitement on , posting heartfelt messages and pictures with , her family, and other Chiefs legends. Her older daughter and Gracie's boyfriend were also present, adding a personal touch to the night's celebration. , wife of quarterback , also joined the celebration. Known for her unwavering support for the team, was seen engaging with fans and sharing in the emotional moments as Hali took center stage as the honorary , energizing the crowd before kickoff. Tamba Hali's legacy: Triumph, perseverance, and the Chiefs' relentless pursuit of excellence was a reflection of his impact both on and off the field. With , , and a relentless work ethic praised by head coach , his legacy is one of leadership and perseverance. . Off the field, is one of triumph over adversity. Separated from his mother for due to civil unrest in Liberia, his reunion with her in the U.S. marked a in his life. became a second home, and Hali has continued to mentor young Chiefs players, extending his influence into the next generation. As with the win, the evening was a celebration of both the team's present dominance and its rich history. While delivered a modest performance with , his post-game comments reflected the team's ultimate goal: With leaders like and memories of legends like , the Chiefs remain a franchise that blends tradition with a relentless pursuit of excellence.

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Trump’s lawyers rebuff DA’s idea for upholding his hush money conviction, calling it ‘absurd’

Trump’s lawyers rebuff DA’s idea for upholding his hush money conviction, calling it ‘absurd’