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NEW YORK — 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. Choe writes for the Associated Press.WASHINGTON (AP) — The Commerce Department's efforts to curb China's and Russia's access to American-made advanced computer chips have been “inadequate” and will need more funding to stymie their ability to manufacture advanced weapons, according to a report published Wednesday by the Senate's Permanent Subcommittee on Investigations. Read this article for free: Already have an account? To continue reading, please subscribe: * WASHINGTON (AP) — The Commerce Department's efforts to curb China's and Russia's access to American-made advanced computer chips have been “inadequate” and will need more funding to stymie their ability to manufacture advanced weapons, according to a report published Wednesday by the Senate's Permanent Subcommittee on Investigations. Read unlimited articles for free today: Already have an account? WASHINGTON (AP) — The Commerce Department’s efforts to curb China’s and Russia’s access to American-made advanced computer chips have been “inadequate” and will need more funding to stymie their ability to manufacture advanced weapons, according to a report published Wednesday by the Senate’s Permanent Subcommittee on Investigations. The Biden administration imposed export controls to limit the ability of China and Russia ability to access U.S.-made chips after Russia’s invasion of Ukraine nearly three years ago. The agency’s Bureau of Industry and Security, according to the report, does not have the resources to enforce export controls and has been too reliant on U.S. chip makers voluntarily complying with the rules. But the push for bolstering Commerce’s export control enforcement comes as the incoming Trump administration says it is looking to dramatically reduce the size and scope of federal government. President-elect Donald Trump has tapped entrepreneurs Elon Musk and Vivek Ramaswamy to lead a new “Department of Government Efficiency” to dismantle parts of the federal government. The Trump transition team did not immediately respond to a request for comment on the report. BIS’s budget, about $191 million, has remained essentially flat since 2010 when adjusted for inflation. “While BIS’ budget has been stagnant for a decade, the bureau works diligently around the clock to meet its mission and safeguard U.S. national security,” Commerce Department spokesperson Charlie Andrews said in a statement in response to the report. Andrews added that with “necessary resources from Congress” the agency would be “better equipped to address the challenges that come with our evolving national security environment.” In a letter to Commerce Secretary Gina Raimondo on Wednesday, Democratic Sen. Richard Blumenthal of Connecticut, chair of the subcommittee, pointed to an audit of Texas Instruments that showed the Russian military continued to acquire components from Texas Instruments through front companies in Hong Kong to illustrate how the export controls are failing as an effective tool. The committee’s findings, Blumenthal said, suggest that Texas Instruments “missed clear warning signs” that three companies in its distribution chain had been diverting products to Russia. Texas Instruments did not immediately respond to a request for comment. “While Congress must provide BIS more resources to undertake its critical mission, it is long past time for BIS to make full use of the enforcement powers Congress has conferred upon it and take aggressive steps to cut the flow of U.S. semiconductors into the Russian war machine,” Blumenthal wrote. It’s not just Texas Instruments that’s the issue. The subcommittee in September published a report that found aggregated exports from four major U.S. advanced chip manufacturers nearly doubled from 2021 to 2022 to Armenia and Georgia. Both of those countries are home to front companies known to assist Russia in acquiring advanced chips made in the U.S. despite export controls. China, meanwhile, has created “vast, barely disguised smuggling networks which enable it to continue to harness U.S. technology,” the subcommittee report asserts. Washington has been gradually expanding the number of companies affected by such export controls in China, as President Joe Biden’s administration has encouraged an expansion of investments in and manufacturing of chips in the U.S. Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. But Chinese companies have found ways to evade export controls in part because of a lack of China subject matter experts and Chinese speakers assigned to Commerce’s export control enforcement. The agency’s current budget limits the number of international end-use checks, or physical verification overseas of distributors or companies receiving American-made chips that are the supposed end users of products. Currently, Commerce has only 11 export control officers spread around the globe to conduct such checks. The committee made several recommendations in its report, including Congress allocating more money for hiring additional personnel to enforce export controls, imposing larger fines on companies that violate controls and requiring periodic reviews of advanced chip companies’ export control plans by outside entities. ___ Boak reported from West Palm Beach, Florida. Advertisement Advertisement

Dell’s third-quarter revenue misses on PC weaknessRevolutionary Single-Layer Film Eliminates Helmet Changes, Enhancing Driver Safety and Performance LAS VEGAS , Dec. 11, 2024 /PRNewswire/ -- Racing Optics®, the global leader in high-performance tearoff visor film technology, proudly unveils its latest innovation: the Twilight Tearoff . This groundbreaking single-layer tearoff is engineered to elevate driver visibility during late-afternoon and early-evening races, providing superior glare reduction and contrast enhancement. The Twilight Tearoff redefines race-day performance by allowing drivers to maintain focus and adapt seamlessly to changing light conditions, eliminating the need for disruptive helmet changes. This innovation represents a significant leap forward in racing vision technology, delivering immediate and measurable benefits to professional drivers and teams alike. "The Twilight Tearoff solves one of racing's most persistent challenges—ensuring optimal visibility as lighting transitions rapidly during twilight races," said Chris Colton , Chief Applications Engineer at Racing Optics . "Our dedication to driver safety and performance drives every innovation, and the Twilight Tearoff is no exception." Transforming Racing at Twilight Racing teams are already embracing the Twilight Tearoff as a game-changing solution for twilight and low-light racing conditions. One racing team manager shared their experience: "In a recent twilight race, the Twilight Tearoff gave our drivers unmatched visual clarity. Transitioning from glaring sunlight to artificial lighting without pausing to change helmets was a decisive advantage that kept us competitive." By streamlining the driver experience, the Twilight Tearoff enhances safety and helps maintain uninterrupted race momentum—a critical edge in the high-stakes world of motorsports. Exclusive Debut at PRI Show 2024 The Twilight Tearoff will make its debut at the Performance Racing Industry (PRI) Show , held December 12–14, 2024, in Indianapolis, Indiana . This highly anticipated event marks Racing Optics' 25th anniversary , celebrating a legacy of trailblazing innovations in motorsports safety and performance. Availability The Twilight Tearoff is now available for purchase at RacingOptics.com and through authorized dealers. Teams and drivers looking to gain a competitive edge are encouraged to explore this latest advancement. About Racing Optics For 25 years, Racing Optics has led the field in racing vision technology, delivering innovative solutions that enhance safety and performance. With a commitment to collaboration and innovation, the company continues to push the boundaries of motorsports protective equipment. For additional information, please visit RacingOptics.com . View original content to download multimedia: https://www.prnewswire.com/news-releases/racing-optics-introduces-game-changing-twilight-tearoff-to-enhance-visibility-in-low-light-racing-conditions-302329546.html SOURCE Racing Optics, Inc.

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Skip the lines and shop online with these 10 Latino-owned businessesAt present, 10 Vande Bharat Sleeper trains are under production for long and medium distance journey in the country. The first prototype has been manufactured and will undergo field trials. In addition, manufacturing of 200 Vande Bharat Sleeper Rakes have also been awarded to Technology partners. The timeline of rollout of train is subject to successful completion of the trials. As on 02nd December 2024, 136 Vande Bharat train services are operational on the Broad Gauge electrified network of Indian Railways for short and medium distance journey across the country. Minister of Railways, Information & Broadcasting and Electronics & Information Technology Ashwini Vaishnaw, in a statement laid on the table of the House of Lok Sabha, said that in order to give world class travel experience, 136 Vande Bharat train services, having Chair Cars, are currently operational on the Broad Gauge electrified network of Indian Railways; up to October, 2024 overall occupancy of Vande Bharat Express trains is more than 100%. In reply to another question, the Union Minister said that the production units of Indian Railways are producing only LHB coaches from April 2018 onwards. The production of LHB coaches has continually increased during the years. The number of LHB coaches manufactured during 2014-24 is more than 16 times (36,933) the number manufactured (2,337) during 2004-14. Indian Railways (IR) has proliferated LHB coaches which are technologically superior with features like Anti climbing arrangement, Air suspension with failure indication system and less corrosive shell. As part of the “Sugamya Bharat Mission” (Accessible India Campagn), Indian Railways is making significant strides in ensuring accessibility for Persons with Disabilities (Divyangjans) and passengers with reduced mobility. Under the guidelines of the Rights of Persons with Disabilities Act, 2016, comprehensive facilities have been provided like ramps, accessible parking, Braille and tactile signages, low-height counters, and lifts/escalators. Till November 2024, Indian Railways had installed 1,512 escalators across 399 stations and 1,607 lifts at 609 stations, marking a remarkable growth compared to the previous decade—an increase of 9 and 14 times, respectively. Further, dedicated coaches with wide entrances, accessible washrooms, and wheelchair parking are available on most Mail/Express trains while Vande Bharat trains offer enhanced accessibility with features like automatic doors, earmarked spaces, and Braille signage for Divyangjan.

A number of prominent pundits, including former City defender and club ambassador Micah Richards, have questioned why the Belgium international has not been starting games amid the champions’ dramatic slump. City have not won in seven outings in all competitions – their worst run since 2008 – with De Bruyne featuring only as a substitute in the last five of those matches after recovering from a pelvic injury. The latest came with a 12-minute run-out in Sunday’s demoralising 2-0 defeat at Premier League leaders Liverpool, a result which left City 11 points off the pace and fifth in the table. Richards said on The Rest is Football podcast it appeared “there’s some sort of rift going on” between De Bruyne and Guardiola while former England striker Gary Lineker added: “It seems like all’s not well.” Former Liverpool defender Jamie Carragher said he felt “something isn’t right” and fellow Sky Sports analyst Gary Neville, the ex-Manchester United right-back, described the situation as “unusual, bizarre, strange”. Guardiola, speaking at a press conference to preview his side’s clash with Nottingham Forest, responded on Tuesday. The Spaniard said: “People say I’ve got a problem with Kevin. Do you think I like to not play with Kevin? No, I don’t want Kevin to play? “The guy who has the most talent in the final third, I don’t want it? I have a personal problem with him after nine years together? “He’s delivered to me the biggest success to this club, but he’s been five months injured (last season) and two months injured (this year). “He’s 33 years old. He needs time to find his best, like last season, step by step. He’ll try to do it and feel better. I’m desperate to have his best.” De Bruyne has not started since being forced off at half-time of City’s Champions League clash with Inter Milan on September 18, having picked up an injury in the previous game. Both the player and manager have spoken since of the pain he was in and the need to ease back into action, but his spell on the bench has been unexpectedly long. The resulting speculation has then been exacerbated because De Bruyne is in the final year of his contract but Guardiola maintains nothing untoward has occurred. He said: “I’d love to have the Kevin in his prime, 26 or 27. He would love it to – but he is not 26 or 27 any more. “He had injuries in the past, important and long ones. He is a guy who needs to be physically fit for his space and energy. You think I’m complaining? It’s normal, it’s nature. “He’s played in 10 or 11 seasons a lot of games and I know he is desperate to help us. He gives glimpses of brilliance that only he can have. “But, always I said, he himself will not solve our problems, like Erling (Haaland) won’t solve it himself. We attack and defend together. “We want the best players back. Hopefully step by step the confidence will come back and we’ll get the best of all of us.”

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Top holiday food, drink ranked via national pollA recent Israeli airstrike in Syria killed a senior Hezbollah commander who helped plan one of the boldest and most sophisticated attacks against American troops during the Iraq War, according to a senior U.S. defense official. Ali Mussa Daqduq had been captured by U.S. forces following the 2007 raid in which militants posing as an American security team killed five U.S. soldiers. But he was later released by the Iraqi government. Details of the Israeli airstrike were scarce. It was not immediately clear when the strike took place, where in Syria or whether it targeted Daqduq specifically, the senior defense official said. A Pentagon spokesperson did not immediately respond to a request for comment. The Israeli embassy referred questions to its military, which did not immediately respond. The elaborate raid Daqduq helped plan was carried out at a U.S.-Iraqi military complex in Karbala on Jan. 20, 2007. A group of men posing as an American military security team – wearing U.S. military combat fatigues, carrying U.S. weapons and some speaking English – convinced security to let them through several checkpoints and right up to a building where U.S. and Iraqi troops were working. The facility was part of a series of compounds known as Joint Security Stations in Iraq, where U.S. troops lived and worked with the Iraqi police and soldiers. More than two dozen U.S. soldiers were in the Provisional Joint Coordination Center, or PJCC, when the militants arrived, including several in the barracks room where the troops were living. The militants surrounded the building, using grenades and explosives to breach the entrance. One American soldier was killed by a grenade. Once inside, the militants captured two U.S. soldiers inside the building and two others outside the building, before speeding away in waiting SUVs. U.S. attack helicopters caught up with the convoy, prompting the militants to bolt from their vehicles and take off by foot. They shot and killed the four U.S. captives at some point during the escape. The four soldiers shot by their captors were identified as 1st Lt. Jacob Noel Fritz, 25; Capt. Brian Scott Freeman, 31; Pfc. Shawn Patrick Falter, 25; and Spc. Johnathan Bryan Chism, 22. The soldier killed by the grenade at the compound was identified as Pfc. Johnathon Miles Millican, 22. In the aftermath of the attack, U.S. officials suspected the militants had direct support from Iran, given the level of coordination, training and intelligence required to carry it out. U.S. forces captured Daqduq in March 2007 and soon achieved a breakthrough in establishing that Iran's Quds Force, an elite unit of the country's Revolutionary Guard, was involved in planning the Karbala raid. Under questioning, Daqduq said the operation resulted from direct support and training by the Quds Force. Daqduq was held by the U.S. military in Iraq for several years but then handed over to Iraqi authorities in December 2011, when the U.S. military mission ended. He was the last prisoner handed over before U.S. troops pulled out of the country. The Iraqis assured U.S. officials that they would prosecute Daqduq, but within months he was released, prompting outrage from American officials and politicians . Daqduq was soon leading Hezbollah fighters once again, the senior U.S. defense official said.

Pep Guardiola denies rumours of a rift with Kevin De BruyneETFs tracking securitized debt, AI and Novo Nordisk add to industry’s banner 2024