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Greenville GOP activist told to pay opponents' legal fees or face jail timeCasella Waste Systems director Michael Burke sells $203,184 in stock
WWE Smackdown rebounded from the previous week’s Mike Tyson vs. Jake Paul-related drop in the ratings last week. Friday’s episode brought in a 0.46 rating in the 18 – 49 demographic and 1.1578 million viewers per Wrestlenomics . Those numbers were up 43.8% and 27.9% respectively from the previous week’s 0.32 demo rating and audience of 1.234 million. The demo rating was still slightly down from the 0.47 demo rating from two weeks ago, while the audience was the highest since the October 11th episode had 1.652 million. Friday’s show up against the NBA game between the Warriors and Pelicans on ESPN, which did a 0.36 demo rating and 1.378 million viewers. Smackdown is averaging a 0.593 demo rating and 2.096 million viewers in 2024 to date, compared to a 0.592 demo rating and 2.238 million for the same point in 2023.Thieves get a taste for cheese and butter amid surging prices
SAN FRANCISCO (AFP) – Amazon unveiled a suite of artificial intelligence (AI) models in its boldest move yet to compete with tech giant rivals in the fast-growing generative AI sector. The launch of its own line of foundation models marks Amazon’s latest push to strengthen its position against forerunners Microsoft, Google, Meta and OpenAI, the creator of ChatGPT. Until now, Amazon’s AI offerings through its AWS cloud service had largely been limited to providing access to models from other companies, including Anthropic, an AI startup it backs. Even if Google, Microsoft and OpenAI have taken the lead on AI, AWS remains the market leader in cloud computing, which is needed to power AI tools and products. “Inside Amazon, we have about 1,000 Gen AI applications in motion, and we’ve had a bird’s-eye view of what application builders are still grappling with,” said senior vice president Rohit Prasad, who is leading the company’s AI efforts. “Our new Amazon Nova models are intended to help with these challenges,” he added. The Amazon Nova family includes six AI models handling tasks from text creation to video generation. The company said the models are at least 75 per cent cheaper than comparable offerings available on AWS servers and faster than similar models. The initial lineup includes Nova Micro for fast text processing, Nova Lite for basic multimedia tasks, and Nova Premiere, set for an early 2025 release, for complex reasoning. Supporting 200 languages, the models can be customised using customers’ proprietary data – a feature Amazon hopes will attract enterprises developing specialised AI applications. Two dedicated models target creative content: Nova Canvas for image generation and Nova Reel for video creation. Amazon emphasised built-in safety measures for the new offerings, which will be available through AWS’s Bedrock service, with usage guidelines detailing specific use cases and limitations.
Rome honors four college signeesNEW YORK (AP) — Juan Soto appears on a timetable to decide on where to sign either before or during baseball's winter meetings in Dallas, which run from Dec. 8-12. Soto met with the New York Yankees, New York Mets, Los Angeles Dodgers, Boston Red Sox and Toronto Blue Jays, a person familiar with the negotiations said last week, speaking to The Associated Press on condition of anonymity because details were not announced. Soto's agent, Scott Boras, asked teams to submit initial offers by Thanksgiving, a second person familiar with the talks said, also on condition of anonymity because it was not announced. Soto is the top player available among this year's free agents . A four-time All-Star, Soto finished third in AL MVP voting after hitting .288 with 41 homers, 109 RBIs and 129 walks. He has a .285 career average with 201 homers, 592 RBIs and 769 walks over seven major league seasons. Soto turned down a $440 million, 15-year offer from Washington in 2022, prompting the Nationals to trade him to San Diego, which then dealt him to the Yankees last December. Soto then combined with Aaron Judge to lead New York to the World Series, where the Yankees lost to the Dodgers . In his pitch to teams, Boras highlighted that Soto joined Mickey Mantle as the only players with seven RBIs in a World Series at age 21 or younger when he was with Washington, and at 20 became the youngest player with five postseason homers. Soto's .906 postseason OPS through age 25 topped Mantle (.900) and Derek Jeter (.852). Soto is likely to seek a record contract, topping Shohei Ohtani's $700 million, 10-year agreement with the Los Angeles Dodgers last December. That might not mean Soto gets more than $700 million, though. Because Ohtani's deal included $680 million in deferred money payable through 2043, it can be valued by different methods. For instance, Ohtani's contract is valued at $46.1 million per season ($461 million total) under MLB's luxury tax system, which used a 4.43% discount rate. The players' association uses a 5% rate, which puts Ohtani's contract at $43.8 million per year. For MLB's regular payroll calculations, a 10% discount rates values Ohtani's deal at just $28.2 million. Which means if Soto gets even $462 million without deferred payments, there's an argument that his deal is the most valuable in MLB history. By average annual value, pitchers Max Scherzer and Justin Verlander are tied for second in baseball history at $43.33 million as part of contracts they signed with the New York Mets, deals that expired at the end of the 2024 season. In terms of total value, Ohtani surpassed outfielder Mike Trout’s $426.5 million, 12-year contract with the Los Angeles Angels through 2030. MLB’s longest contract is outfielder Fernando Tatis Jr.’s 14-year deal with the San Diego Padres through 2034. The Mets, Yankees, Dodgers and Philadelphia Phillies all are likely to enter 2025 having paid luxury tax for three straight years, putting them at the highest rate: a 50% surcharge on payroll between $241 million and $261 million, 62% from $261 million to $281 million, 95% from $281 million to $301 million and 110% for each dollar above $301 million. Toronto may have dropped below the initial tax threshold this year, pending final figures next month. If the Blue Jays did fall under, their rates next year would reset to 20%, 32%, 62.5% and 80% for the four thresholds. If Soto reaches or announces an agreement at the winter meetings in Dallas' Hilton Anatole, it would be a familiar location for a big Boras deal. Alex Rodriguez's record $252 million, 10-year contract with the Texas Rangers was announced in December 2000 at what then was called the Wyndham Anatole Hotel. A-Rod's deal more than doubled MLB's previous high, a $121 million, eight-year contract between pitcher Mike Hampton and Colorado that was announced just two days earlier. “In two days, we’ve doubled a new highest salary,′′ said Sandy Alderson, then an executive vice president in the commissioner’s office. ”I don’t like the exponentiality of that." Rodriguez was 25 at the time of the agreement with Texas, a free agent before entering his likely prime, like Soto. Third baseman Alex Bregman, first basemen Pete Alonso and Christian Walker, and outfielders Anthony Santander and Teoscar Hernández are among the significant bats available to pursue and likely would interest some of the teams who fail to sign Soto. Bregman and Alonso, like Soto, are represented by Boras. AP MLB: https://apnews.com/hub/MLB
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2 no-brainer FTSE dividend shares I want to buy with £2kNEW YORK (AP) — U.S. stocks rose to records Tuesday after Donald Trump’s latest talk about tariffs created only some ripples on Wall Street, even if they could roil the global economy were they to take effect. The S&P 500 climbed 0.6% to top the all-time high it set a couple weeks ago. The Dow Jones Industrial Average added 123 points, or 0.3%, to its own record set the day before, while the Nasdaq composite gained 0.6% as Microsoft and Big Tech led the way. Stock markets abroad mostly fell after President-elect Trump said he plans to impose sweeping new tariffs on Mexico, Canada and China once he takes office. But the movements were mostly modest. Stock indexes were down 0.1% in Shanghai and nearly flat in Hong Kong, while Canada’s main index edged down by less than 0.1%. Trump has often praised the use of tariffs , but investors are weighing whether his latest threat will actually become policy or is just an opening point for negotiations. For now, the market seems to be taking it more as the latter. The consequences otherwise for markets and the global economy could be painful. Unless the United States can prepare alternatives for the autos, energy products and other goods that come from Mexico, Canada and China, such tariffs would raise the price of imported items all at once and make households poorer, according to Carl Weinberg and Rubeela Farooqi, economists at High Frequency Economics. They would also hurt profit margins for U.S. companies, while raising the threat of retaliatory tariffs by other countries. And unlike tariffs in Trump’s first term, his latest proposal would affect products across the board. General Motors sank 9%, and Ford Motor fell 2.6% because both import automobiles from Mexico. Constellation Brands, which sells Modelo and other Mexican beer brands in the United States, dropped 3.3%. The value of the Mexican peso fell 1.8% against the U.S. dollar. Beyond the pain such tariffs would cause U.S. households and businesses, they could also push the Federal Reserve to slow or even halt its cuts to interest rates. The Fed had just begun easing its main interest rate from a two-decade high a couple months ago to offer support for the job market . While lower interest rates can boost the economy, they can also offer more fuel for inflation. “Many” officials at the Fed’s last meeting earlier this month said they should lower rates gradually, according to minutes of the meeting released Tuesday afternoon. The talk about tariffs overshadowed another mixed set of profit reports from U.S. retailers that answered few questions about how much more shoppers can keep spending. They’ll need to stay resilient after helping the economy avoid a recession, despite the high interest rates imposed by the Fed to get inflation under control. A report on Tuesday from the Conference Board said confidence among U.S. consumers improved in November, but not by as much as economists expected. Kohl’s tumbled 17% after its results for the latest quarter fell short of analysts’ expectations. CEO Tom Kingsbury said sales remain soft for apparel and footwear. A day earlier, Kingsbury said he plans to step down as CEO in January. Ashley Buchanan, CEO of Michaels and a retail veteran, will replace him. Best Buy fell 4.9% after likewise falling short of analysts’ expectations. Dick’s Sporting Goods topped forecasts for the latest quarter thanks to a strong back-to-school season, but its stock lost an early gain to fall 1.4%. Still, more stocks rose in the S&P 500 than fell. J.M. Smucker had one of the biggest gains and climbed 5.7% after topping analysts’ expectations for the latest quarter. CEO Mark Smucker credited strength for its Uncrustables, Meow Mix, Café Bustelo and Jif brands. Big Tech stocks also helped prop up U.S. indexes. Gains of 3.2% for Amazon and 2.2% for Microsoft were the two strongest forces lifting the S&P 500. All told, the S&P 500 rose 34.26 points to 6,021.63. The Dow gained 123.74 to 44,860.31, and the Nasdaq composite climbed 119.46 to 19,174.30. In the bond market, Treasury yields held relatively steady following their big drop from a day before driven by relief following Trump’s pick for Treasury secretary. The yield on the 10-year Treasury inched up to 4.29% from 4.28% late Monday, but it’s still well below the 4.41% level where it ended last week. In the crypto market, bitcoin continued to pull back after topping $99,000 for the first time late last week. It’s since dipped back toward $91,000, according to CoinDesk. It’s a sharp turnaround from the bonanza that initially took over the crypto market following Trump’s election. That boom had also appeared to have spilled into some corners of the stock market. Strategists at Barclays Capital pointed to stocks of unprofitable companies, along with other areas that can be caught up in bursts of optimism by smaller-pocketed “retail” investors. AP Business Writer Elaine Kurtenbach contributed.
Small-cap stocks are positioned for significant upside in 2025, driven by recovering earnings, potential corporate tax cuts, and favorable valuations, according to Brian Manby, investment strategy analyst at WisdomTree. In an exclusive interview with Benzinga, Manby shared his optimism for the Russell 2000 Index – as tracked by the iShares Russell 2000 ETF IWM – which has already surged 23% year-to-date and achieved record highs on Monday , surpassing its previous peak from November 2021. Manby said their domestic focus positions them as key beneficiaries of U.S.-centered policies, such as tax cuts and tariffs, while their relatively lower valuations create a compelling investment case for investors unwilling to excessively concentrate their portfolio on large caps. Small Caps, Regional Banks: Positioned For Growth In 2025 The small-cap rally in 2024 has been particularly strong in the regional banking sector, with the SPDR S&P Regional Banking ETF KRE soaring 35% this year. This outperformance was driven by combination of factors, including Federal Reserve rate cuts, U.S. economic resilience, and the anticipation of deregulation under a Republican-controlled Congress. The expert stressed that regional banks could continue to benefit in the coming year as policy tailwinds strengthen their earnings potential. "We think there’s a potential opportunity for a catch-up rally, hopefully bolstered by the deregulatory agenda of the incoming administration. We are pretty optimistic on small cap financials and regional banks in particular." he said. “Any sort of pressure that the incoming administration can take off of the small cap financials operations would be really, really welcomed by the sector,” he added. According to the house view, small-cap earnings projections for 2025 are optimistic, with potential upside tied to fiscal stimulus and economic expansion. Additionally, small-cap companies, with their U.S.-centric operations, stand to benefit significantly from proposed corporate tax rate reductions, such as a potential 15% tax rate championed by Republicans. Manby also addressed the potential impact of tariffs under a Republican administration. "We think that the prospect of tariffs would be a bit of a greater headwind for large caps. Since small caps are more tied to the domestic economy, we think they would probably benefit," Manby said. Also Read: Thanksgiving Dinner Gobbles Up 19% More Cash This Year, Many Holiday Hosts ‘Already Regret Their Decision’ Small Caps Are Still Sharply Undervalued Compared To Large Caps Discussing the valuation picture, Manby highlighted that small caps remain discounted relative to large caps, and that creates a strong opportunity for investors. “The Russell 2000 is still very discounted relative to the S&P 500. It basically trades at about 2 standard deviations below its long term multiple versus the S&P 500 and that gives us a lot of confidence in the valuation opportunity as well,” Manby stated. Looking ahead to 2025, WisdomTree remains optimistic about the potential for small caps to outperform. "This is a great opportunity for U.S.-based investors seeking returns without paying lofty multiples," Manby said. Furthermore, he highlighted that “ongoing potential rate cuts would certainly be beneficial within the broader small cap universe.” Read Next: ‘It’s The Most Wonderful Time Of The Year’ For The Stock Market, History Says Photo: Shutterstock © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.