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House Democrats Jim McGovern and Rosa DeLauro accused Republican colleagues of bending to Elon Musk's demands in sinking a bipartisan funding bill. Congress passed a stopgap funding bill instead on Saturday, but discarded a provision to screen and regulate U.S. investments in China. The scrapped provision "would have made it easier to keep cutting-edge AI and quantum computing tech — as well as jobs — in America," McGovern wrote on X. House Democrats Jim McGovern of Massachusetts and Rosa DeLauro of Connecticut say their Republican colleagues in Congress caved to the demands of Elon Musk , sinking a bipartisan government funding bill that would have regulated U.S. investments in China. > 24/7 San Diego news stream: Watch NBC 7 free wherever you are Congress passed a separate stopgap funding bill over the weekend, averting a government shutdown. In a series of posts on X, McGovern said more could have been accomplished. The scrapped provision "would have made it easier to keep cutting-edge AI and quantum computing tech — as well as jobs — in America," he wrote. "But Elon had a problem." Tesla , run by Musk, is the only foreign automaker to operate a factory in China without a local joint venture. Tesla also built a battery plant down the street from its Shanghai car factory this year, and aims to develop and sell self-driving vehicle technology in China. "His bottom line depends on staying in China's good graces," McGovern wrote about Musk. "He wants to build an AI data center there too — which could endanger U.S. security. He's been bending over backwards to ingratiate himself with Chinese leaders." SpaceX, Musk's aerospace and defense contractor, has reportedly withheld its Starlink satellite internet service over Taiwan at the request of Chinese and Russian leaders. Taiwan is a self-ruling democracy that Beijing claims as its territory. Taiwan's status is one of the biggest flashpoints in U.S.-China relations. Money Report This cruise line is offering an unlimited pass for $120,000 — and you can pay in bitcoin: Here's what to know 3 ways to lower stress this holiday season: ‘Sometimes less celebration means more joy,' happiness expert says DeLauro, the top Democrat on the House Appropriations Committee, wrote in a letter to Congress on Friday that Musk needs "Chinese government approvals for his company's projects in the country." It's concerning, that Musk "has ingratiated himself with Chinese Communist Party leadership," she wrote. In the letter, DeLauro referred to the Tesla and SpaceX CEO as "'President' Musk," alluding to the fact that the world's richest person began railing against the prior funding bill on Wednesday, before President-elect Donald Trump came out with a statement of his own. Trump had wanted the GOP to sink that bill, and issue a new one that would raise the debt ceiling so he could avoid that fight during the start of his second term in office. The stopgap funding bill, which President Joe Biden signed on Saturday, did not include the two-year suspension of the U.S. debt limit that Trump was seeking. Musk responded to DeLauro's concerns by calling her an "awful creature" in a post on X. After acquiring Twitter in 2022, Musk rebranded it X and used it to help propel Trump back into the White House, becoming a close adviser and major backer to the incoming president along the way. Musk contributed $277 million to the Trump campaign and other Republican causes during the 2024 cycle, according to Federal Election Commission filings. Since the election in November, Musk has become a nearly constant presence at Trump's side, including in meetings with foreign leaders . Trump appointed Musk to co-lead a group that's not yet formed, but will be tasked with finding ways to cut regulations, personnel and budgets. WATCH: Musk's influence on government Also on CNBC Elon Musk endorses far-right Alternative for Germany party in upcoming election Bitcoin trades around $97,000, recovers from earlier losses Tesla reverses losses to turn higher in a volatile week for the EV stock
But alongside his stark warning of the threats facing Britain and its allies, Admiral Sir Tony Radakin said there would be only a “remote chance” Russia would directly attack or invade the UK if the two countries were at war. The Chief of the Defence Staff laid out the landscape of British defence in a wide-ranging speech, after a minister warned the Army would be wiped out in as little as six months if forced to fight a war on the scale of the Ukraine conflict. The admiral cast doubt on the possibility as he gave a speech at the Royal United Services Institute (Rusi) defence think tank in London. He told the audience Britain needed to be “clear-eyed in our assessment” of the threats it faces, adding: “That includes recognising that there is only a remote chance of a significant direct attack or invasion by Russia on the United Kingdom, and that’s the same for the whole of Nato.” Moscow “knows the response will be overwhelming”, he added, but warned the nuclear deterrent needed to be “kept strong and strengthened”. Sir Tony added: “We are at the dawn of a third nuclear age, which is altogether more complex. It is defined by multiple and concurrent dilemmas, proliferating nuclear and disruptive technologies and the almost total absence of the security architectures that went before.” The first nuclear age was the Cold War, while the second was “governed by disarmament efforts and counter proliferation”, the armed forces chief said. He listed the “wild threats of tactical nuclear use” by Russia, China building up its weapon stocks, Iran’s failure to co-operate with a nuclear deal, and North Korea’s “erratic behaviour” among the threats faced by the West. But Sir Tony said the UK’s nuclear arsenal is “the one part of our inventory of which Russia is most aware and has more impact on (President Vladimir) Putin than anything else”. Successive British governments had invested “substantial sums of money” in renewing nuclear submarines and warheads because of this, he added. The admiral described the deployment of thousands of North Korean soldiers on Ukraine’s border alongside Russian forces as the year’s “most extraordinary development”. He also signalled further deployments were possible, speaking of “tens of thousands more to follow as part of a new security pact with Russia”. Defence minister Alistair Carns earlier said a rate of casualties similar to Russia’s invasion of Ukraine would lead to the army being “expended” within six to 12 months. He said it illustrated the need to “generate depth and mass rapidly in the event of a crisis”. In comments reported by Sky News, Mr Carns, a former Royal Marines colonel, said Russia was suffering losses of around 1,500 soldiers killed or injured a day. “In a war of scale – not a limited intervention, but one similar to Ukraine – our Army for example, on the current casualty rates, would be expended – as part of a broader multinational coalition – in six months to a year,” Mr Carns said in a speech at Rusi. He added: “That doesn’t mean we need a bigger Army, but it does mean you need to generate depth and mass rapidly in the event of a crisis.” Official figures show the Army had 109,245 personnel on October 1, including 25,814 volunteer reservists. Mr Carns, the minister for veterans and people, said the UK needed to “catch up with Nato allies” to place greater emphasis on the reserves. The Prime Minister’s official spokesman said Defence Secretary John Healey had previously spoken about “the state of the armed forces that were inherited from the previous government”. The spokesman said: “It’s why the Budget invested billions of pounds into defence, it’s why we’re undertaking a strategic defence review to ensure that we have the capabilities and the investment needed to defend this country.”There are many travel rules to be aware of for 2025, with a u-turn on liquids, a new technological alternative to stamping passports, and increases in tourist tax among the changes coming next year. There is a lot that you need to know when thinking about travelling and booking holidays in the new year, so read on for a comprehensive guide to all of the new rules that will impact how you make the most of your trips abroad. Liquid restrictions were originally set to be scrapped last summer, however a u-turn means that the previous restrictions remain in place, after several major airports faced delays in installing new scanners. Passengers can only carry 100ml liquids in hand luggage, with the list consisting of drinks, semi-liquid foods, cosmetics, toiletries, creams, sprays, pastes, gels, and any solutions. The containers must hold just 100ml and they have to be placed in a resealable plastic bag. At this stage, no date is set for when the liquid rules will change, with the government stating that the reintroduction of the previous rules was to "enable further improvements to be made to the new checkpoint systems". The EES, which is being introduced next year, is an automated IT system for registering travellers each time they cross an EU border. This new system will replace the manual method of stamping passports which, according to the European Commission, is "time consuming, does not provide reliable data on border crossings and does not allow a systematic detection of over-stayers." For UK residents, those travelling to Europe will need to register their biometric details, fingerprints or a photo, when they first arrive. Subsequently, in the following three years, they will need to provide fingerprints and a photo at the border, when they enter and exit. The ETIAS is an entry requirement for visa-exempt nationals who are travelling to any of the following 30 countries: Austria, Belgium, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, Bulgaria, Cyprus, Romania, Iceland, Liechtenstein, Norway and Switzerland. Other overseas territories connected to member countries also require the authorisation, such as the Canary Islands, the Azores, Andorra, San Marino, Monaco and the Vatican City. The ETIAS will be linked to the person's passport and will be valid for up to three years, allowing travellers to enter any destination on the list above, and an application costs £5.80. Those visiting Greece between November and February will be expected to pay a daily tax of £1.66, an increase from £0.41, and visiting in high season, between April and October, will see the fee rise to £6.63. The Azores in Portugal will also begin charging £1.66 per person, per night from January. Thailand is expected to introduce a travelling tax in mid 2025, and it is expected that people who arrive by land will have to pay a one-off fee of approximately £6.90, and those who arrive by sea will pay approximately £3.45. An ETA gives you permission to travel into the UK, with travellers not requiring an ETA if they have a visa, have permission to live, work or study in the UK, are a British or Irish citizen, are travelling with a British overseas territories citizen passport or you live in Ireland and you are travelling from Ireland, Guernsey, Jersey or the Isle of Man. With an ETA, travellers are permitted to come to the UK for up to six months for tourism, visiting family and friends, business or short-term study. An ETA will cost £10 to apply, and all eligible non-Europeans can now apply in advance, needing an ETA from 8 January 2025, whilst eligible Europeans can apply from March 5, 2025 needing an ETA from 2 April 2025. In principle, the 'One-Stop Security' programme will eliminate the need for additional security screenings. At the moment, travellers heading on a US-bound flight with a connection have to go through security screenings a second time, and this will stop that from being necessary. This should also help to reduce missed connections and missing bags, improving the passenger experience. The TSA will be partnering with six airports to trial the programme, starting in 2025. As announced in the Spring Budget , Air Passenger Duty, a tax on airlines and aircraft operators, will rise in 2025. The gov.uk website states: "The previous government announced APD rates for the year 2025 to 2026 at Spring Budget 2024 to give industry sufficient advance notice of changes. APD is one of a very small number of taxes where rates are set more than a year in advance, using forecast RPI." The rates for the tax year 2025 to 2026 will come into effect on April 1, 2025, with the rates as follows: The domestic band will be £7 for the reduced rate (lowest class of travel), £14 for the standard rate (other than the lowest class of travel) and £84 for the higher rate. Band A, which is flights up to 2,000 miles from London, will be £13 for the reduced rate, £28 for the standard rate and £84 for the higher rate. Band B, which is flights between 2,001 and 5,500 miles from London, will be £90 for the reduced rate, £216 for the standard rate and £647 for the higher rate. Band C, which is for flights over 5,500 miles from London, will be £94 for the reduced rate, £224 for the standard rate and £673 for the higher rate. These increased APD rates mean that air fares may increase, with those who travel in a non-economy class and by private jet seeing a larger increase. As well as this, in the Autumn Budget it was announced that APD will rise again for the year 2026 to 2027. Join our Breaking News and Top Stories WhatsApp community for all the latest news direct to your phone. To join you need to have WhatsApp on your device. All you need to do is choose which community you want to join, click on the link and press 'join community'. 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The cryptocurrency market continues evolving, offering investors innovation, growth potential, and transformative technologies. As the blockchain ecosystem expands into new realms like privacy-focused applications, interoperability, and artificial intelligence, certain projects are paving the way for the future of decentralised systems. Among the best cryptos to invest in now , Qubetics, Cosmos, and Bittensor TAO stand out for their groundbreaking advancements and unique contributions to the industry. These projects represent distinct facets of the blockchain revolution. Qubetics is redefining privacy and utility within the Web3 space, Cosmos is bridging the gap between blockchains with seamless interoperability, and Bittensor TAO is pushing the boundaries by merging artificial intelligence with blockchain. Together, they highlight the opportunities for forward-thinking investors seeking innovation and substantial returns. Let’s dive into what makes these cryptocurrencies must-watch contenders. Qubetics: Privacy-Driven Innovation and Decentralized Utility Qubetics spearheads privacy-focused innovation within the blockchain ecosystem by integrating a decentralised VPN (dVPN) into its platform. This key feature bolsters user privacy while enabling secure and private connections across the ecosystem. It is essential for applications such as decentralised finance (DeFi), non-fungible tokens (NFTs), and decentralised storage. By promoting autonomy and decentralisation, Qubetics aligns closely with the principles of Web3. The numbers behind Qubetics highlight its immense growth potential: Presale Phase 12 : $TICS tokens are currently priced at $0.031 , with a 10% price hike every week and a 20% increase at the final stage. 324M Tokens Sold : Reflecting strong investor confidence. $6M Raised : Indicating robust support for the project. 9,400+ Holders : A rapidly growing community. Analysts see a significant upside in Qubetics, driven by its innovative dVPN and strong presale momentum. Investors looking for high ROI opportunities should closely consider Qubetics, especially as its presale concludes and its mainnet launch approaches. Cosmos (ATOM): Driving Blockchain Interoperability Cosmos is often called the “Internet of Blockchains” , thanks to its groundbreaking Inter-Blockchain Communication (IBC) protocol. This technology addresses one of the most pressing challenges in the blockchain industry—interoperability. By enabling seamless communication between blockchains, Cosmos facilitates the exchange of assets and data, unlocking a new era of collaboration in decentralised ecosystems. Cosmos empowers developers to create custom, interconnected blockchains tailored to specific use cases while benefiting from shared security and scalability. With the rise of DeFi, NFTs, and blockchain-based enterprises, Cosmos is becoming a cornerstone of the decentralised economy. Its critical role in ensuring blockchain interoperability makes it a top choice for investors seeking sustainable growth. Bittensor (TAO): Revolutionizing AI with Blockchain Technology Bittensor merges the worlds of artificial intelligence (AI) and blockchain, addressing the growing demand for decentralised AI solutions. The project’s unique approach incentivises users to contribute computational resources and data to train AI models, creating a decentralised infrastructure for AI development. This innovative use of blockchain technology positions Bittensor at the forefront of the AI revolution. As industries increasingly adopt AI-driven solutions, Bittensor’s decentralised network offers scalability and efficiency while rewarding participants with TAO tokens. With a robust foundation and a focus on the future of AI, Bittensor is a promising investment for those interested in the intersection of AI and blockchain. Conclusion Qubetics, Cosmos, and Bittensor TAO, represent diverse and high-potential opportunities for investors seeking the best cryptos to invest in now. Qubetics leads with its privacy-driven dVPN and remarkable presale performance. Cosmos stands out for its role in blockchain interoperability, and Bittensor TAO pioneers the convergence of AI and blockchain technology. Each of these projects offers a unique value proposition and the potential for significant returns, making them standout investments in the ever-evolving cryptocurrency landscape. Qubetics: https://qubetics.com Telegram: https://t.me/qubetics Twitter: https://x.com/qubetics Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp _____________ Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.Reports: Oklahoma QB Jackson Arnold entering transfer portal
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If you've been following the electric vehicle (EV) industry, it's been an interesting ride so far. Some global markets are exploding much faster than North America, especially when you look at China, where recent monthly EV sales accounted for more than 50% of new vehicle sales. Lucid ( LCID 1.94% ) in particular has captured momentum, seemingly at the expense of rival Rivian , but is it a buy for long-term investors? What have you done for me lately? Lucid has an unfortunate trend in its short history of disappointing investors with its production hiccups, delays, and lower-than-expected deliveries. That said, management has quietly overcome those speed bumps and turned in three straight quarters of record deliveries. In fact, with Lucid hitting three consecutive quarterly records for deliveries, the company has now let consumers take the wheel of over 7,100 Lucid EVs in 2024, already easily topping the company's 2023 total of 6,001 deliveries. Despite the company's delivery momentum, which will only increase with the Gravity now officially on sale, its stock price has been stuck in reverse -- even when compared to rival Rivian, which posted a disappointing third-quarter delivery result due to a production snag of its own. RIVN data by YCharts. Stuck in reverse? Lucid's momentum with three quarters of record deliveries was essentially offset by a mixed third-quarter result and the announcement that the EV maker plans to sell more than 262 million shares in a public offering. If completed, the offering will also sell nearly 375 million shares to its majority shareholder, Saudi Arabia's Public Investment Fund (PIF), which only furthers the company's ties to Saudi Arabia. https://ir.lucidmotors.com/news-releases/news-release-details/lucid-group-inc-announces-public-offering-common-stock-and-0/ It's fair for investors to say this is expected, as we largely recognize these young EV makers will likely have to raise capital again before the companies become self-sustaining. It's also fair to note that Lucid's shareholder dilution is noticeable compared to Rivian, as a similar example. RIVN Shares Outstanding data by YCharts. Is Lucid a buy now? The silver lining is that the company's delivery momentum is poised to continue moving forward. That's because the company's Gravity EV SUV recently went on sale and will start contributing to deliveries in the near term. The execution of the Gravity launch and following production ramp-up will be needed for a strong finish to the year and to start 2025 with sales momentum. There's also a lesser-known step after the Gravity. Lucid plans to launch a midsize crossover priced lower than $50,000, before shipping, in about two years' time. The global EV industry seems to have an incredibly bright future as the world transitions from gasoline-powered vehicles to EVs, but early investors have to understand how speculative and risky these stocks are currently. Just take a glance at Fisker's bankruptcy mess. Lucid's current delivery momentum isn't enough to make it a buy now, but it is enough to place Lucid on your watch list as the company drives through speed bumps, expands its vehicle lineup, cuts costs, and tries to position itself as one of the top EV players in an expanding industry. The company's stock price is hovering just above all-time lows and offers an intriguing entry point for investors willing to accept the risk of owning Lucid. For those willing to take that risk, companies like Lucid should still round out a smaller position of your overall portfolio.
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PRINCESS ANNE, Md. (AP) — Ketron Shaw scored 30 points to lead Maryland Eastern Shore past Bryn Athyn 91-65 on Saturday. Shaw also contributed seven rebounds and six assists for the Hawks (2-11), who ended a seven-game slide with the win. Chris Flippin added 22 points and five rebounds. Evan Johnson had 14 points. Isaac Marshall and Jalen Cary both scored 15 to lead the Lions. Jalen Parker had 14 points, two steals and two blocks. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .Refinery upgrades crucial to overcome sector challenges: report A general view shows an oil refinery. — Reuters/File KARACHI: Refinery upgrade projects are essential to alleviate persistent challenges in the sector, which continue to heighten business risks in the absence of modernisation initiatives, says a report by the Pakistan Credit Rating Agency (Pacra). googletag.cmd.push(function() { googletag.display('div-gpt-ad-1700472799616-0'); }); The approval and implementation of refinery policies are critical for the sector’s growth, as these measures would not only enhance gross refining margins (GRMs) but also provide much-needed tax relief to the struggling industry. GRM, a key indicator of a refinery’s operational efficiency, represents the difference between total revenue from refined product sales and the cost of crude oil. Higher GRMs indicate greater value addition per barrel of crude processed, underscoring the importance of policy support to achieve operational improvements. The government is also exploring collaboration with Saudi Arabia to establish a new greenfield refinery. This facility, capable of producing hydrocarbons and renewables, would significantly bolster Pakistan’s refining capacity and align the country with global energy consumption trends, according to industry insights. Although local petroleum product production increased by 7.7 per cent year-on-year in FY24, revenue per metric tonne (MT) of refined products grew by 27.6 per cent, a slowdown compared to the 44 per cent growth recorded in FY23. Local refineries, constrained by outdated hydro-skimming technology, have faced reduced refining margins. Between CY2017 and CY2022, the average refining margin stood at 23 per cent, significantly lower than refineries equipped with advanced deep-conversion technologies like cracking and coking. To address these inefficiencies, the government has mandated all refineries to transition from hydro-skimming to deep-conversion technologies under the Brownfield Policy. This upgrade must be completed within six years from August 2023. Refineries are currently engaging with the government for further policy clarity and have expressed willingness to expand operations. The Petroleum Division has required refineries to align their production processes with Euro-V specifications within the stipulated six-year period. To support this transition, the government has offered incentives and tariff protections a minimum customs duty of 10 per cent on imported motor gasoline and high-speed diesel for six years from the policy’s notification date; customs duties exceeding 10 per cent will be deposited into the Inland Freight Equalization Margin (IFEM) pool, while duties on crude oil will be reimbursed to refineries via IFEM; and a 10 per cent tariff protection (deemed duty) will be applicable to the ex-refinery price of motor gasoline and diesel for six years from the policy notification date. These measures aim to modernise the refining sector, improve operational efficiency, and enhance the country’sNone
Ex-OpenAI engineer who raised legal concerns about the technology he helped build has diedNoneNone
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House holds moment of silence for American Omer Neutra killed by Hamas on Oct 7, 2023. A bipartisan group of lawmakers in the U.S. House of Representatives on Tuesday night held a moment of silence for American-Israeli Omer Neutra who was determined this week to have been killed by Hamas on Oct. 7, 2023, after it was believed that he had been alive for more than a year. Neutra, 21 years old, was a tank platoon commander in the 7th Armored Brigade’s 77th Battalion in the Israeli Defense Forces (IDF) and was among the first to respond to the Hamas attack that ultimately killed some 1,200 people and initially saw the abduction of more than 250 men, women and children. His parents, Orna and Ronen, who spoke with Fox News Digital just days prior to the tragic development, believed their son was still alive after the IDF had long assessed that he, along with Nimrod Cohen, another soldier from his tank, were taken hostage into Gaza and remained alive . An image of Omer Neutra is displayed at his memorial service Tuesday, Dec. 3, 2024 at the Midway Jewish Center in Syosset, N.Y. (AP Photo/Philip Marcelo) (AP Photo/Philip Marcelo) 7 US HOSTAGES STILL HELD BY HAMAS TERRORISTS AS FAMILIES PLEAD FOR THEIR RELEASE: 'THIS IS URGENT' "For 420 days Omer’s parents and his brother Daniel have done everything they can with the love and support of hundreds of thousands of others to free their son from captivity," Rep. Tom Suozzi, D-N.Y., who represents the Neutra family’s district, said from the House floor. "Every day they soldiered on through alternating deep sorrow and brief bursts of hopefulness. They went from crushing anxiety to steely determination. "Just a few days ago we learned that this courageous young man, this bright light, this courageous idealist, made the ultimate sacrifice," Suozzi continued. "Omer had not been alive for the last 422 days, he was murdered on Oct. 7." Footage from the attack on Omer’s tank showed the commander, as well as three others, Shaked Dahan, Oz Daniel and Nimrod Cohen being pulled from the military vehicle by Hamas terrorists and being taken captive . Daniel and Dahan had previously been assessed to have been killed following the attack, and according to the IDF, intelligence now suggests Omer, a descendant of Holocaust survivors, was also killed on Oct. 7. 2023. Syosset, N.Y.: Daniel Neutral, brother of Omar Neutra, surrounded by father Ronen Neutra and mother Orna Neutra at the Midway Jewish Center on Dec. 3, 2024 in Syosset, New York speak during a memorial service for Omer Neutra, an Isaeli-American who was killed by Hamas militants. (Howard Schnapp/Newsday RM via Getty Images) AMERICAN FATHER OF HAMAS HOSTAGE ITAY CHEN PUSHES US, ISRAEL ON ‘PLAN B’ AS NEGOTIATIONS FALTER The Israeli military has not said how they came by this new information and the fate of Cohen remains unknown. In a memorial service held for Omer on Tuesday in the Long Island synagogue where he reportedly celebrated his bar mitzvah years earlier, Omer's father Ronen, said the news had left them "breathless and empty." "For over a year now, we’ve been breathing life into your being, my beautiful boy," Orna said through tears, according to reports. "With the hope and love of so many, we kept going and going and going, keeping you alive, speaking your name from every outlet, pushing any hint of despair, not stopping to breathe or to take in the deep pain of your absence." "Now things are clear," she said to the reported 1,500 attendees at the service. "But not as we’d hoped." Onra and Ronen have described their son as loving, a good friend and an athlete, but they also highlighted his ability to lead and how his actions on Oct. 7, 2023 saved lives. Omer’s body is believed to still be held by Hamas along with the six other American hostages, only three of whom are still assessed by the IDF to be alive at this time, including Edan Alexander, Sagui Dekel-Chen and Keith Siegel. Hersh Goldberg-Polin's body was recovered after he, along with five others, were discovered to have been murdered by Hamas in the tunnels in Gaza in August. These are the American hostages who were taken by Hamas terrorists on Oct. 7, 2023 and held in Gaza, only Hersh Goldberg-Polin (Left) has been returned to Israel after the IDF found him and other hostages killed by terrorists. Pictured next to Hersh is Itay Chen, Sagui Dekel-Chen, Edan Alexander, Omer Neutra, Gadi Haggai and Judi Weinstein Haggai and Keith Siegel. (Fox News Photo) CLICK HERE TO GET THE FOX NEWS APP There are still 100 hostages held by Hamas in Gaza following the recovery of Itai Svirski’s body on Wednesday, an Israeli hostage taken during the attack on Kibbutz Be’eri on Oct. 7, 2023. The IDF confirmed he "was murdered in captivity by his captors, and his body was held hostage in the Gaza Strip." Caitlin McFall is a Reporter at Fox News Digital covering Politics, U.S. and World news.
Eastern Kentucky secures 77-72 win over Southern IllinoisStephen Hawking, Serena Williams, Queen Elizabeth ... and more Hong Kong star visitorsThe 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.
