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From earbuds to e-books: the best tech gifts for holidays 2024eBay Inc. stock rises Wednesday, still underperforms market
NEW YORK — Stocks closed higher on Wall Street as the market posted its fifth straight gain Nov. 22 and the Dow Jones Industrial Average notched another record high. The S&P 500 rose 0.3 percent Friday. The benchmark index's 1.7 percent gain since Monday erased most of its loss from last week. The blue-chip Dow rose 1 percent as it nudged past its most recent high set last week, and the Nasdaq composite gained 0.2 percent. Markets have been volatile over the last few weeks, losing ground in the runup to elections in November, then surging following Donald Trump's presidential victory, before falling again. The S&P 500 has been steadily rising throughout this week to within close range of its record. It's now within about 0.5 percent of its all-time high set last week. "Overall, market behavior has normalized following an intense few weeks," said Mark Hackett, chief of investment research at Nationwide, in a statement. Several retailers jumped after giving Wall Street encouraging financial updates. Gap soared 12.8 percent after handily beating third-quarter earnings and revenue expectations, while raising its own revenue forecast for the year. Discount merchandiser Ross Stores rose 2.2 percent after raising its earnings forecast for the year. EchoStar fell 2.8 percent after the sale of its Dish Network subscription TV business was called off. Smaller company stocks had some of the biggest gains. The Russell 2000 index rose 1.8 percent. A majority of stocks in the S&P 500 gained ground, but those gains were kept in check by slumps for several big technology companies. Nvidia fell 3.2 percent. Its pricey valuation makes it among the heaviest influences on whether the broader market gains or loses ground. The company has grown into a nearly $3.6 trillion behemoth because of demand for its chips used in artificial-intelligence technology. Intuit, which makes TurboTax and other accounting software, fell 5.7 percent after it gave investors a disappointing quarterly earnings forecast. Facebook owner Meta Platforms fell 0.7 percent following a decision by the Supreme Court to allow a multibillion-dollar class action lawsuit filed by investors to proceed against the company. The complaint stemmed from a 2018 privacy scandal involving the Cambridge Analytica political consulting firm. European markets closed mostly higher and Asian markets ended mixed. Crude oil prices rose. Treasury yields held relatively steady in the bond market. The yield on the 10-year Treasury fell to 4.41% from 4.42% late Thursday. In the crypto market, bitcoin hovered around $99,000, a day after breaking through that price point, according to CoinDesk. It has more than doubled this year. Retailers remained a big focus for investors this week amid close scrutiny on consumer spending habits headed into the holiday shopping season. Walmart, the nation's largest retailer, reported a quarter of strong sales and gave investors an encouraging financial forecast. Rival chain Target, though, reported weaker earnings than expected and its outlook disappointed Wall Street. Consumer spending has fueled economic growth, despite a persistent squeeze from inflation and high borrowing costs. Inflation has been easing and the Federal Reserve has started trimming its benchmark interest rates. That is likely to help relieve pressure on consumers, but any major shift in spending could prompt the Fed to reassess its path ahead on interest rates. Also, any big reversals on the rate of inflation could curtail spending. Consumer sentiment remains strong, according to an index developed by the University of Michigan. The survey also showed that inflation expectations among shoppers for the year ahead fell slightly to 2.6 percent, which is the lowest reading since December of 2020. Wall Street will get another update on how consumers feel when the business group The Conference Board releases its monthly consumer confidence survey on Tuesday. A key inflation update will come on Wednesday when the U.S. releases its October personal consumption expenditures index. It is the Fed's preferred measure of inflation and this will be the last reading before the central bank's next policy meeting in December.
By Lawrence Delevingne (Reuters) -Stocks in the U.S. and Europe were mixed on Monday, while the dollar gained versus the euro, amid political turmoil in France and positive signals for the U.S. economy. French equities finished little changed in choppy trading after politicians there planned a no-confidence motion against Prime Minister Michel Barnier, a move likely to cause the French government to collapse this week. Broader European shares pulled back on the news but still finished the day up 0.66% on the day. In the U.S., data showed manufacturing contracted at a moderate pace in November, with orders growing for the first time in eight months and factories facing significantly lower prices for inputs. More economic data is expected this week, including the key monthly jobs report on Friday. Wall Street stocks were mixed, with a boost from technology shares such as Facebook parent Meta Platforms and Amazon.com Inc, which gained 3.2% and 1.4%, respectively, although Intel fell 0.5% after the faltering American chipmaker announced CEO Pat Gelsinger’s retirement. The Dow Jones Industrial Average fell 0.29% to 44,782, the S&P 500 rose 0.24% to 6,047 and the Nasdaq Composite rose about 1% to 19,403. “We are seeing a bit of a reversal of the last few weeks with tech leadership returning and rallies in financials and cyclicals pausing,” John Belton, portfolio manager at Gabelli Funds in New York, said in an email. Belton added that data points released over the weekend suggested Black Friday spending was above expectations, with particular strength seen in e-commerce sales. The euro sank around 0.75% to $1.0498, as the dollar got a boost over the weekend as U.S. President-elect Donald Trump warned BRICS emerging nations against trying to replace the greenback with any other currency. The euro has lost 14% over three months, partly on concern the euro zone economy might need deeper interest rate cuts than expected from the European Central Bank. [EMRG/FRX] Amid the political drama in France, the risk premium that investors demand to hold French government debt jumped. The gap between France and Germany’s 10-year bond yields – a measure of French borrowing costs compared with the euro zone benchmark – rose about 7 basis points to 87 bps, although it remained below last week’s 12-year high of 90 bps . “Heightened political uncertainty could also play a role at the margin in keeping alive market expectations for larger 50 bps ECB rate cut this month although the hard economic data is not fully supportive,” MUFG currency strategist Lee Hardman said. Global stocks edged higher, leaving the MSCI All-World index up about 0.3%. DOLLAR, U.S. BOND YIELDS FIRM The Federal Reserve is in focus and Friday’s monthly payrolls report could be the deciding factor when policymakers consider whether to cut rates again on Dec. 18. A number of Fed officials are due to speak this week, including Fed Chair Jerome Powell on Wednesday. Traders put the odds of a quarter-point reduction at about 60%. Fed Governor Christopher Waller said on Monday he was inclined to cut the benchmark interest rate as monetary policy remained restrictive enough to keep putting downward pressure on inflation, while the labor market was roughly in balance, something the Fed wants to maintain. In Treasury markets, the yield on benchmark U.S. 10-year notes was flat on the day at 4.194%. That has left the dollar index, which measures the currency against six others, up 0.33% at 106.39, having gained 1.8% in November. In Asia, mainland Chinese shares closed up 0.8%, following a robust reading in a private manufacturing survey on Monday. The yen, meanwhile, was steady near Friday’s six-week high of 149.47. Gold slipped 0.6% to $2,637 an ounce, under pressure from the strong dollar, after sliding more than 3% in November, its worst monthly performance since September 2023. [GOL/] Oil prices were steady, as optimism around strong factory activity in China was largely offset by concerns the Fed will not cut U.S. rates again at its December meeting. [O/R] In cryptocurrencies, bitcoin fell 1.88% to $95,619.00. (Reporting by Lawrence Delevingne in Boston and Amanda Cooper in London. Additional reporting by Kevin Buckland in Tokyo and Ankur Banerjee in Singapore; Editing by Shri Navaratnam, Ed Osmond, Jan Harvey, Alexander Smith, Gareth Jones, Jonathan Oatis and David Gregorio) Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content. var ytflag = 0;var myListener = function() {document.removeEventListener('mousemove', myListener, false);lazyloadmyframes();};document.addEventListener('mousemove', myListener, false);window.addEventListener('scroll', function() {if (ytflag == 0) {lazyloadmyframes();ytflag = 1;}});function lazyloadmyframes() {var ytv = document.getElementsByClassName("klazyiframe");for (var i = 0; i < ytv.length; i++) {ytv[i].src = ytv[i].getAttribute('data-src');}} Save my name, email, and website in this browser for the next time I comment. Δ document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() );BERLIN (AP) — Harry Kane scored a hat trick including two penalties for Bayern Munich to beat Augsburg 3-0 in the Bundesliga on Friday. The win stretched Bayern’s lead to eight points ahead of the rest of the 11th round, and Kane took his goals tally to a league-leading 14. The England forward is the fastest player to reach 50 goals in the Bundesliga in what was his 43rd game. However, coach Vincent Kompany should be concerned by his team’s ongoing difficulty of scoring in matches it dominates. Bayern previously defeated St. Pauli and Benfica only 1-0. Kompany’s team had to wait until stoppage time before Kane sealed the result with his second penalty. Two minutes later, Kane scored with a header after controlling Leon Goretzka's cross with his first touch for a flattering scoreline. “We had to be patient,” Kane said. “And at halftime that’s what we said, to keep doing what we’re doing. We had a few chances in the first half and we just had to be a bit more clinical and obviously, thankfully, we got the penalty to kind of open the game up.” Mads Pedersen was penalized for handball following a VAR review and Kane duly broke the deadlock in the 63rd. Bayern continued as before with 80% possession, but had to wait for Keven Schlotterbeck to be penalized through VAR for a foul on Kane. Kane sealed the result in the third minute of stoppage time and there was still time for him to grab another. It’s Bayern’s seventh consecutive win without conceding a goal since it conceded four at Barcelona (4-1) on Oct. 23 in the Champions League. “You can see now that we have a solid defense and that's the basis, also in games like today's,” Bayern midfielder Joshua Kimmich said. “When it's a game of patience, then it's important for us to know that sometimes one goal will have to do. Like today we added two more before the finish, but in the end you only need to score one more than the opponent.” Bayern next hosts Paris Saint-Germain in the Champions League on Tuesday, then Borussia Dortmund away in the Bundesliga next weekend, before defending champion Bayer Leverkusen visits in the third round of the German Cup. AP soccer: https://apnews.com/hub/soccer
The Odisha government has decided to use satellite telemetry and underwater videography to study the movement of Olive Ridley turtles to ascertain the reason behind the variation in the number of the turtles coming to the coast to lay eggs every year, an official statement said on Saturday. The decision was taken at a meeting of a high-powered committee on turtles chaired by Chief Secretary Manoj Ahuja on Friday. The meeting analysed the number of turtles reaching the Odisha coast to lay eggs in the last 10 years. According to available statistics, 11.49 lakh Olive Ridley Turtles laid eggs at Gahirmatha coast in Kendrapara district and Rushikulya beach in Ganjam district in 2022-23, there was no mass nesting in 2023-24 and only 3 lakh laid eggs in various coasts. The Olive Ridley Turtles generally congregate at Gahirmatha Wildlife Sanctuary, Bhitarkanika Sanctuary, Devi river-mouth, Balukhand Wildlife Sanctuary, Rushikulya Wildlife Sanctuary and the river banks in lakhs every year to lay their eggs. "The meeting discussed the variation of laying of eggs by turtles and could not reach any conclusion over the exact reason behind the fluctuating number of turtles turning up at the Odisha coast to lay eggs. It is a mystery for the researchers," it said. In view of this, the committee decided to initiate steps to monitor the movement of sea turtles through a satellite telemetry study. A three-year study using modern techniques will be initiated by the Wildlife Conservation Society of India (WCI) to assess the population dynamics of the Olive Ridley Turtles along the Odisha coast, including their migration patterns, the statement said. The meeting also discussed the importance of underwater videography during the nesting season of Olive Ridley turtles. The chief secretary directed the officials concerned to monitor the movement of sea turtles using modern technology, create awareness in the areas concerned during the nesting season and strengthen the enforcement system. "It is our responsibility and duty to protect sea turtles and their eggs. Like the previous years, this year too, the state government is providing all necessary support in this direction and it will continue," the chief secretary said. (Except for the headline, this story, from a syndicated feed, has not been edited by Odishatv.in staff)Liverpool's lead cut in Premier League and Man City ends slump. Chelsea and Arsenal win
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Wallabies star quits rugby to chase ‘once-in-a-lifetime’ NFL dream... here are the positions he could playFianna Fail and Fine Gael eye independent TDs as option to secure Dail majorityIndia and Kuwait share a deep and historic bond, Prime Minister Narendra Modi has said on Saturday adding that the two nations are poised to transform their traditional buyer-seller relationship into a strategic partnership by exploring opportunities across the entire oil and gas value chain. Modi voiced willingness to help efforts that could lead to an early restoration of peace in Gaza and Ukraine, asserting solutions to such conflicts cannot be found on the battlefield. In an interview to the Kuwait News Agency (KUNA) , he emphasised the importance of sincere and practical engagement between the stakeholders for bridging differences and achieving negotiated settlements. Modi also reiterated India’s support for a negotiated two-state solution towards the establishment of a sovereign, independent and viable state of Palestine within secure and recognised borders, according to the interview. With Kuwait standing as India’s sixth largest crude supplier and fourth largest LPG supplier, Modi said the scope for further collaboration is immense as his country emerges as the third biggest global energy, oil and LPG consumer. Kuwait holds around 6.5 per cent of global oil reserves, he said. Modi said that the petrochemical sector offers another promising avenue for collaboration as India’s rapidly growing petrochemical industry is set to become USD 300 billion by 2025. The energy partnership between the two countries is not only a pillar of economic relationship but also a driver for diversified and sustainable growth, setting a path towards a future of shared prosperity, he said. Modi described the Gulf Cooperation Council (GCC), an organisation of six Middle East countries, including Kuwait, having vital significance for India. India’s relationship with the Gulf is rooted in historical, cultural and trade linkages, with the GCC region accounting for around one-sixth of India’s total trade and hosting around one-third of the Indian diaspora, he said. Around nine million Indians residing in the region are contributing positively to its economic growth, he added. The prime minister said the Indian community acts as a living bridge between the two countries. Trade and commerce, which have been on an upswing, have served as important pillars of their bilateral relationship, he said. In the interview, he expressed happiness with ’Made in India’ products, particularly in automobile, electrical and mechanical machinery and telecom sector, making inroads in Kuwait. He said India today is manufacturing world-class products at a most affordable cost, stressing that diversification to non-oil trade is key to achieving greater bilateral trade. Modi added that there is a considerable potential to expand bilateral cooperation in the pharmaceutical, health, technology, digital, innovation and textile sectors. India and Kuwait share a deep and historic bond and the relationship between both countries has always been one of warmth and friendship, he said, adding that the crosscurrents of history and exchanges through ideas and commerce have brought people close and together. The two countries have traded with each other since time immemorial, Modi said. Modi is set to meet the Emir, the Crown Prince, and the Prime Minister of Kuwait on Sunday. With inputs from agencies.EAGAN, Minn. (AP) — The Minnesota Vikings waived cornerback Akayleb Evans on Saturday in another setback for their beleaguered 2022 draft class. Evans started 15 games last season, but he had been relegated to a special teams role this year after the Vikings added veteran cornerbacks Stephon Gilmore and Shaquill Griffin. Evans was a fourth-round pick out of Missouri, one of three defensive backs among Minnesota's first five selections in 2022. Lewis Cine (first round) was waived and Andrew Booth (second round) was traded earlier this year. One of their second-round picks, guard Ed Ingram, lost his starting spot last week. Evans was let go to clear a roster spot for tight end Nick Muse, who was activated from injured reserve to play on Sunday at Chicago. The Vikings ruled tight end Josh Oliver out of the game with a sprained ankle. AP NFL: https://apnews.com/hub/NFL
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