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Why Businesses Are Relying on Automation to Survive the Labor Crisis

Quarterbacks in spotlight when No. 6 Miami visits SyracuseNEW YORK (AP) — The huge rally for U.S. stocks lost momentum on Thursday as Wall Street counted down to a big jobs report that’s coming on Friday. The crypto market had more action, and bitcoin briefly burst to a record above $103,000 before pulling back. The S&P 500 slipped 0.2% from the all-time high it had set the day before, its 56th of the year so far, to shave a bit off what’s set to be one of its best years of the millennium . The Dow Jones Industrial Average fell 248 points, or 0.6%, while the Nasdaq composite slipped 0.2% from its own record set the day before. Bitcoin powered above $100,000 for the first time the night before, after President-elect Donald Trump chose Paul Atkins, who's seen as a crypto advocate, as his nominee to head the Securities and Exchange Commission. The cryptocurrency has climbed dramatically from less than $70,000 on Election Day, but it fell back as Thursday progressed toward $99,000, according to CoinDesk. Sharp swings for bitcoin are nothing new, and they took stocks of companies enmeshed in the crypto world on a similar ride. After rising as much as 9% in early trading, MicroStrategy, a company that’s been raising cash just to buy bitcoin, swung to a loss of 4.8%. Crypto exchange Coinbase Global fell 3.1% after likewise erasing a big early gain. Elsewhere on Wall Street, stocks of airlines helped lead the way following the latest bumps up to financial forecasts from carriers. American Airlines Group soared 16.8% after saying it’s making more in revenue during the last three months of 2024 than it expected, and it will likely make a bigger profit than it had earlier forecast. The airline also chose Citi to be its exclusive partner for credit cards that give miles in its loyalty program. That should help its cash coming in from co-branded credit card and other partners grow by about 10% annually. Southwest Airlines climbed 2% after saying it’s seeing stronger demand from leisure travelers than it expected. It also raised its forecast for revenue for the holiday traveling season. On the losing end of Wall Street was Synposys, which tumbled 12.4%. The supplier for the semiconductor industry reported better profit for the latest quarter than analysts expected, but it also warned of “continued macro uncertainties” and gave a forecast for revenue in the current quarter that fell short of some analysts’ estimates. American Eagle Outfitters fell even more, 14.3%, after the retailer said it’s preparing for “potential choppiness” outside of peak selling periods. It was reminiscent of a warning from Foot Locker earlier in the week and raised more concerns about how resilient U.S. shoppers can remain. Solid spending by U.S. consumers has been one of the main reasons the U.S. economy has avoided a recession that earlier seemed inevitable after the Federal Reserve hiked interest rates to crush inflation. But shoppers are now contending with still-high prices and a slowing job market . This week’s highlight for Wall Street will be Friday’s jobs report from the U.S. government, which will show how many people employers hired and fired last month. A report on Thursday said the number of U.S. workers applying for unemployment benefits rose last week but remains at historically healthy levels. Expectations are high that the Fed will cut its main interest rate again when it meets in two weeks. The Fed began easing its main interest rate from a two-decade high in September, hoping to offer more support for the job market. In the bond market, the yield on the 10-year Treasury edged down to 4.17% from 4.18% late Wednesday. The S&P 500 fell 11.38 points to 6,075.11. The Dow sank 248.33 to 44,765.71, and the Nasdaq composite lost 34.86 to 19,700.26. In stock markets abroad, indexes were mostly calm in Europe after far-right and left-wing lawmakers in France joined together to vote on a no-confidence motion that will force Prime Minister Michel Barnier and his Cabinet to resign. The CAC 40 index in Paris added 0.4%. In South Korea, the Kospi fell 0.9% to compound its 1.4% decline from the day before. President Yoon Suk Yeol was facing possible impeachment after he suddenly declared martial law on Tuesday night. He revoked the martial law declaration six hours later. Crude oil prices slipped after eight members of the OPEC+ alliance of oil exporting countries decided to put off increasing oil production. AP Business Writers Yuri Kageyama and Matt Ott contributed.

Luigi Mangione Conspiracy Theories Flood Social Media

Irish premier praises Dublin woman who won civil case against Conor McGregorPulmonx director French sells $132,600 in stock

Stock market today: Wall Street edges back from its records as bitcoin briefly pops above $100,000Arteta wanted his team to prove their European credentials following some underwhelming displays away from home, and the Gunners manager got exactly what he asked for. Goals from Gabriel Martinelli, Kai Havertz, Gabriel Magalhaes, Bukayo Saka and Leandro Trossard got their continental campaign back on track in style following the 1-0 defeat at Inter Milan last time out. A memorable victory also ended Sporting’s unbeaten start to the season, a streak of 17 wins and one draw, the vast majority of which prompted Manchester United to prise away head coach Ruben Amorim. The Gunners had failed to win or score in their two away games in the competition so far this season, but they made a blistering start in the Portuguese capital and took the lead after only seven minutes. Declan Rice fed overlapping full-back Jurrien Timber, who curled a low cross in behind the home defence for Martinelli to finish at the far post. Arsenal doubled their lead in the 20th minute thanks to a glorious ball over the top from Thomas Partey. Saka escaped the clutches of his marker Maximiliano Araujo to beat the offside trap and poke the ball past advancing goalkeeper Franco Israel for Havertz to tap home. It was a scintillating first-half display which completely overshadowed the presence of Viktor Gyokeres in Sporting’s attack. The prolific Sweden striker, formerly of Coventry, has been turning the heads of Europe’s top clubs with his 24 goals in 17 games this season – including a hat-trick against Manchester City earlier this month. But the only time he got a sniff of a run at goal after an optimistic long ball, he was marshalled out of harm’s way by Gabriel. David Raya was forced into one save, tipping a fierce Geovany Quenda drive over the crossbar. But Arsenal added a third on the stroke of half-time, Gabriel charging in to head Rice’s corner into the back of the net. Our second-half goalscorers ❤️ pic.twitter.com/aFCIMffFaK — Arsenal (@Arsenal) November 26, 2024 To rub salt in the wound, the Brazilian defender mimicked Gyokeres’ hands-over-his-face goal celebration. That may have wound Sporting up as they came out after the interval meaning business, and they pulled one back after Raya tipped Hidemasa Morita’s shot behind, with Goncalo Inacio netting at the near post from the corner. Former Tottenham winger Marcus Edwards fired over, as did Gyokeres, with Arsenal temporarily on the back foot. But when Martin Odegaard’s darting run into the area was halted by Ousmane Diomande’s foul, Saka tucked away the penalty. Substitute Trossard added the fifth with eight minutes remaining, heading in the rebound after Mikel Merino’s shot was saved, and Gyokeres’ miserable night was summed up when his late shot crashed back off the post.

Opera Steamboat has announced four new members to the Board of Directors. The new members include soprano Hilary Ginther, soprano Solveig Olsen, business consultant Richard A. Spires, and professional snowboarder Spencer Tamblyn. Ginther has had a professional career in the U.S. and abroad while Olsen has performed with Chicago Opera Theatre, Caramoor Festival, Santa Fe Symphony, and New Millennium Orchestra, among others. Spires is the author of “Government Can Deliver” and “Success in the Technological Field.” Finally, Tamblyn enjoyed a career as a freestyle snowboarder and also worked as an international elite Olympic-level coach. Categories

Johnson scores 20, Tennessee Tech beats Presbyterian 90-75

Stock market today: Wall Street edges back from its records as bitcoin briefly pops above $100,000Coming off what was likely a week's worth of intense practices, No. 10 Kansas returns home for a matchup with North Carolina State on Saturday afternoon in Lawrence, Kan. The Jayhawks (7-2) lost back-to-back games versus unranked opponents, the first time in school history that they have done that while ranked No. 1. Now they have to regroup to face the Wolfpack (7-3). Kansas lost its first two games of the season emphatically: 76-63 at Creighton on Dec. 4 and 76-67 at Missouri last Sunday. Coach Bill Self, who has only lost three straight games four times in his 21-year career at Kansas, was pretty succinct about his team's play following the loss to Missouri. "I think it was probably a combination of them being good and us not being good," he said. "I don't know that I could give them 100 percent credit, but that's what happens in sports. When the other team is doing things to hurt you, and you don't attack it well, they guard you the same way. "A lot of times you just roll it straight because of just not being as prepared or ready. I think it was a combination of both. I would err on the side of giving them more credit, because if I just say we sucked, that would take credit from them. We did suck, but it was in large part them." The Jayhawks still have a balanced and experienced attack, led by seniors Hunter Dickinson (15.0 points per game), Zeke Mayo (10.9), Dajuan Harris Jr. (10.7) and KJ Adams Jr. (9.8). Their biggest problem against Missouri was the 22 turnovers. "It's been a crap week for all of us," Self said on his weekly radio show Tuesday. "But hopefully we get an opportunity to bounce back. "I'm not going to make any excuses. If you don't perform the way we didn't perform, there certainly can be some valuable things to learn from that hopefully will give us a chance to win the war and not just the battle." NC State has won back-to-back games, including the ACC opener against Florida State on Dec. 7. In their last game, the Wolfpack handled Coppin State 66-56 on Tuesday. That's not to say NC State coach Kevin Keatts was impressed. "I thought we did a terrible job at the end of shot clocks when they were going to take a bunch of bad shots but we fouled them," Keatts said. "That being said, you can learn a lot from a win instead of a loss. "We compete hard every day, and our energy is always high. With this group, I'm trying to get everyone to be consistent." The Wolfpack has a trio of double-digit scorers, led by Marcus Hill (13.0 ppg). Jayden Taylor adds 12.5 and Dontrez Styles chips in 10.6. Ben Middlebrooks (9.2) and Brandon Huntley-Hatfield (8.7) round out the top five. Huntley-Hatfield (5.6 rebounds per game) and Styles (4.6) also lead a balanced rebounding attack. The Jayhawks have won 12 straight games in the series with North Carolina State. --Field Level Media