US stocks experience mixed fortunes on quiet day of trading
AP Sports SummaryBrief at 5:44 p.m. EST
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The S&P 500 fell less than 0.1% after spending the day wavering between small gains and losses. The tiny loss ended the benchmark index’s three-day winning streak. The Dow Jones Industrial Average added 0.1% and the Nasdaq composite fell 0.1%. Trading volume was lighter than usual as US markets reopened following the Christmas holiday. Semiconductor giant Nvidia, whose enormous valuation gives it an outsize influence on indexes, slipped 0.2%. Meta Platforms fell 0.7%, and Amazon and Netflix each fell 0.9%. Tesla was among the biggest decliners in the S&P 500, finishing 1.8% lower. Some tech companies fared better. Chip company Broadcom rose 2.4%, Micron Technology added 0.6% and Adobe gained 0.5%. Health care stocks were a bright spot. CVS Health rose 1.5% and Walgreens Boots Alliance added 5.3% for the biggest gain among S&P 500 stocks. Several retailers also gained ground. Target rose 3%, Ross Stores added 2.3%, Best Buy rose 2.9% and Dollar Tree gained 3.8%. Traders are watching to see whether retailers have a strong holiday season. The day after Christmas traditionally ranks among the top 10 biggest shopping days of the year, as consumers go online or rush to stores to cash in gift cards and raid bargain bins. US-listed shares in Honda and Nissan rose 4.1% and 16.4% respectively. The Japanese car makers announced earlier this week that the two companies are in talks to combine. All told, the S&P 500 fell 2.45 points to 6,037.59. The Dow added 28.77 points to 43,325.80. The Nasdaq fell 10.77 points to close at 20,020.36. Wall Street also got a labour market update. US applications for unemployment benefits held steady last week, though continuing claims rose to the highest level in three years, the Labour Department reported. Treasury yields mostly fell in the bond market. The yield on the 10-year Treasury slipped to 4.58% from 4.59% late on Tuesday. Major European markets were closed, as well as Hong Kong, Australia, New Zealand and Indonesia. Trading was expected to be subdued this week with a thin slate of economic data on the calendar.The New York Giants (2-13) are just two weeks away from officially locking up the No. 1 pick in the 2025 NFL Draft. Losers of 10 straight games, New York is in an unfortunate and head scratching situation. It boasted one of the best sack defenses in the league and featured a history-making rookie wide receiver in Malik Nabers. All it was missing was a quarterback seemingly. Season-starter Daniel Jones was waived in late November with multiple backups taking snaps in the following weeks. A recipe for tanking and starting over as a franchise. However, Nabers still has hope that the current group of players — specifically the rookies — can produce winning football for the team. Malik Nabers on his favorite quality from the Giants' rookie class: "We’ve got that mentality that we want to win. Nothing's going to stop us from getting done what we want to get done. To have that as a group and all in one, the sky’s the limit for us, I'm happy for that." pic.twitter.com/xPU4BbzIXG "We’ve got that mentality that we want to win," Nabers told reporters Thursday. "Nothing's going to stop us from getting done what we want to get done. To have that as a group and all in one, the sky’s the limit for us." Selected sixth overall in April, Nabers has put together an impressive rookie campaign . He's racked up 969 yards on 97 receptions but only scored four touchdowns. Additionally, Tyrone Tracy Jr. sits second in rushing yards among rookie running backs, behind only Tampa Bay's Bucky Irving. Both are two future key pieces to New York's offense and having faith in the future of the team is the first step in completing a rebuild. Nabers' attitude toward the situation should encourage Giants fans that despite the poor year, players haven't necessarily given up on the team. That's a characteristic any fanbase should want from its star players. New York may be one franchise quarterback away from returning to competitiveness but it'll take an attitude shift like Nabers' to keep that trajectory on track.EDMONTON - The latest checkup on famed Edmonton elephant Lucy finds her in good shape ahead of her 50th birthday — but not healthy enough to be relocated to join a herd. Gary Dewar, director of the Edmonton Valley Zoo, says experts have determined the elephant’s respiratory issues won’t allow her to travel. “She has trouble breathing and, if we were to try to transport her, there would be much stress associated with that travel. And there is the very likely potential that she would die en route,” Dewar told a news conference Tuesday. “That is not something we are wanting to take the chance on.” He said the gentle giant’s health is good considering she turns 50 next year and she continues to go on walks around the zoo to stay in shape. Her workouts move indoors during the winter. Dewar said experts have indicated she has about 10 to 15 more years to live. “She’s alert, she’s calm and she’s responsive,” he said. A large tumour discovered two years ago remains under control with the help of vaccine shots, the zoo said. “We know that it’s smaller, just because of the behaviour that we’re seeing,” said Marie-Josee Limoges, a zoo veterinarian. “Her uterus is not falling down into her abdominal cavity the way it was two years ago.” The Asian elephant arrived at the zoo when she was two, and she has been alone since her herd mate, an African elephant, was moved to another facility about 16 years ago for breeding. Lucy has made international headlines in recent years, as protesters have called for her to be moved so she can spend the final years of her life with other elephants. Among the advocates for her freedom was U.S. television game show host Bob Barker. Before he died in 2023, he said elephants were not meant to brave Canada’s harsh winter climate. Dewar and Limoges said the zoo is aware of the criticism. “We can all agree we all share a love for her and want what’s best for her,” Dewar said. “So Lucy will be the last elephant that calls the Edmonton Valley Zoo home. There won’t be any more that will be brought here.” Limoges said Lucy arrived at the zoo in the 1970s, when “every zoo had to have an elephant.” “It’s 50 years down the road. Not every zoo has to have an elephant. She’s staying here mostly because we don’t think it’s in her best interest to move,” she said. This report by The Canadian Press was first published Dec. 4, 2024.
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Jarrod Bowen dedicates his winner to Michail Antonio as West Ham beat WolvesSAN DIEGO, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Presidio Property Trust, Inc. (“Presidio” or the “Company”) (NASDAQ: SQFT; SQFTP; SQFTW), an internally managed, diversified real estate investment trust (“REIT”), today announced that the Company has been granted an additional 180-day period from Nasdaq’s Listing Qualification Department, through June 2, 2025, to regain compliance with the $1.00 minimum bid price requirement for continued listing on the Nasdaq Capital Market. The Company’s common stock continues to trade on the Nasdaq Capital Market under the symbol “SQFT.” If at any time until June 2, 2025, the closing bid price of the Company’s common stock is at or above $1.00 per share for a minimum of ten consecutive trading days, Nasdaq will provide the Company with written confirmation of compliance. If compliance cannot be demonstrated during the additional 180-day grace period, Nasdaq will provide written notification that the common stock will be subject to delisting. At such time, the Company may appeal the determination to a Nasdaq Hearings Panel. The Company intends to monitor the closing bid price of its common stock between now and June 2, 2025, and intends to consider available options to cure the deficiency and regain compliance with the minimum bid price requirement within the compliance period. About Presidio Property Trust Presidio is an internally managed real estate investment trust with holdings in model home properties, which are triple net leased to homebuilders, and office, industrial, and retail properties. Presidio’s model homes are leased to homebuilders located in Arizona, Illinois, Texas, Wisconsin, and Florida. Presidio’s office, industrial, and retail properties are located primarily in Colorado, with properties also located in Maryland, North Dakota, Texas, and Southern California. Presidio also owns approximately 4.3% of the outstanding common stock of Conduit Pharmaceuticals Inc., a disease agnostic multi-asset clinical-stage life science company providing an efficient model for compound development. For more information on Presidio, please visit Presidio’s website at https://www.PresidioPT.com . Cautionary Note Regarding Forward-Looking Statements This press release contains statements that are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and other federal securities laws. Forward-looking statements are statements that are not historical, including statements regarding management’s intentions, beliefs, expectations, representations, plans or predictions of the future, and are typically identified by such words as “believe,” “expect,” “anticipate,” “intend,” “estimate,” “may,” “will,” “should” and “could.” Because such statements include risks, uncertainties and contingencies, actual results may differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon the Company’s present expectations, but these statements are not guaranteed to occur. Except as required by law, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. Investors should not place undue reliance upon forward-looking statements. For further discussion of the factors that could affect outcomes please refer to the Company’s filings with the SEC, including those under “Risk Factors” therein, copies of which are available on the SEC’s website, www.sec.gov . Investor Relations Contact: Presidio Property Trust, Inc. Lowell Hartkorn, Investor Relations LHartkorn@presidiopt.com Telephone: (760) 471-8536 x1244 This press release was published by a CLEAR® Verified individual.
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West Ham pay Antonio tribute before Wolves gameJamie Foxx is coming clean about his health. The actor and producer has avoided discussing his health ever since his hospitalization in April 2023, when his life was in danger and many thought he wouldn't survive. Cameron Diaz and Demi Moore have a stunning Charlie's Angels reunion Jamie Foxx walks daughter Corinne Foxx down the aisle months after his near-fatal health scare Foxx will be telling his story on a Netflix special, with the streamer sharing its first teaser earlier this week. The special is titled "Jamie Foxx: What Had Happened Was..." and is a stand-up comedy show directed by Hamish Hamilton that appears to be Foxx's way of sharing his story in his own words. "I'm back!" says Fox in the special. "If I can stay funny, I can stay alive." The special premieres this December 10th, on Netflix . The teaser was shared today and shows Foxx addressing a crowded room after showing some of the headlines and news clippings that came out following his health scare. Foxx discussed the trailer on his social media, revealing that it was shot in Atlanta. "A big shout out to Atlanta you showed up and showed out made me feel at home made me feel safe after 18 years of not being on stage you made it feel like it was just yesterday... can’t wait for everyone to experience the vibe that we had," he wrote in one of his post's captions. "We laughed... we had a few tears... but last, but not least we celebrated life." You can check out the teaser in full below. More details about the special Netflix shared a brief write-up of the show on their website Tudum. "The special comes after Foxx’s 2023 hospitalization, and the Oscar- and Grammy-winning comedy icon sets the record straight with humor and vulnerability, expressing deep gratitude to those who supported his recovery," it reads. Foxx has another project lined up on Netflix premiering next year. He's starring with Cameron Diaz in the awaited action-comedy " Back in Action ," premiering on January 17th.
New Starbucks CEO claims he'll fix coffee chain's most infuriating problem... people don't believe him READ MORE: Starbucks' major menu change that will save customers money By DANIEL JONES, CONSUMER EDITOR FOR DAILYMAIL.COM Published: 19:03 GMT, 6 December 2024 | Updated: 20:49 GMT, 6 December 2024 e-mail 41 View comments Starbucks has lost tens millions of customers this year after coffee drinkers became fed up with waiting 20 minutes for a drink, The huge sales lump led to the the old boss being sacked – but his replacement is promising to deliver faster coffee in a bid to win customers back. Brian Niccol, previously the Chipotle boss, has promised that customers will get a brewed coffee in under 30 seconds. In an interview with ABC's Good Morning America on Thursday, the new CEO outlined plans to prioritize speed and efficiency, including dedicated mobile order pickup areas. He said: 'You're going to have an experience where when you walk in and you interact with the barista, it's going to be really quick for that brewed cup of coffee. 'My hope is we can get you a brewed cup of coffee in less than 30 seconds.' Starbucks regular Jasmin Guevara joked: 'That seems very, very optimistic given the utter chaos there is in most cafes.' Customers' biggest gripe - along with high prices - has been 'ridiculous' wait times - with 20 minutes common to get a coffee. One in 12 customers now waits between 15 and 30 minutes. Before the pandemic, almost no one waited that long, new figures from industry data experts show. Niccol added that his team is 'right now' working on a technology solution that will make mobile order wait times much more accurate. Your browser does not support iframes. Chipotle's CEO Brian Niccol (pictured) promises brewed coffee in 30 seconds 'Today, you know, we just kind of give you an estimate, 'Hey, it'll be ready in three to five minutes,' he said. 'In the future, what'll happen is we'll be like, 'Rebecca, your drink will be ready at nine,' instead of it just being made, sitting on the counter [and] waiting for people to come.' In the summer, former CEO Laxman Narasimhan admitted that the chain's infamously slow service - which led to an astonishing one in seven mobile orders being abandoned - was a big factor in sales slumping. Niccol, who replaced Narasimhan in September, is steering Starbucks through a critical transition. He landed a $100 mullion pay package , and will not be required to relocate from his home in Newport Beach, California, to Seattle, the headquarters of the global café chain. It is the latest of a series of plans Niccol has to turn things around at Starbucks, which has about 17,000 stores in North America. The new Starbucks boss had said in October that he will simplify the chain's 'overly complex menu' as another way to speed up the service. Appointed in September after leading Chipotle for six years, Niccol said the chain needed to 'fundamentally change' its strategy. The company's last earnings report, for the three months from July to September. revealed that sales had fallen sharply for the third consecutive quarter. US sales fell 6 percent, as cash-strapped customers are increasingly put off by high prices and long wait times for drinks. ' Simplifying the menu may help resolve the problem of cafes becoming more stressful and less appealing, but they are not the only issues in play,' Neil Saunders, Managing Director of GlobalData Retail, told DailyMail.com. 'The main issue is that consumers are buying less coffee from Starbucks in order to save money,' he said. Offering more promotions does not seem to have worked, said Saunders, and the chain announced in early October that it was scaling back on discounts offered through its mobile app . 'The other issue which compounds the problem is that Starbucks has gone off track in terms of the added value it is supposed to provide,' he added. 'Its cafes are too busy, lines too long, and too many of them are not pleasant places to linger. That means some people have defected to rivals, including independent chains.' CEO Niccol said the company needed to address issues with staffing levels at coffee shops and the pricing of its drinks and food. The new Starbucks boss has said he will simplify the chain's 'overly complex menu' in a bid to win back customers amid slumping sales US sales fell 6 percent in the last quarter, as cash-strapped customers are increasingly put off by high prices and long wait times for drinks Read More Starbucks REVERSES plan to tackle major gripe - and customers are furious 'People love Starbucks, but I've heard from some customers that we've drifted from our core , that we've made it harder to be a customer than it should be, and that we've stopped communicating with them,' he said in a prerecorded video after announcing the latest earnings report. 'As a result, some are visiting less often, and I think today's results tell that same story.' 'Starbucks is still a huge business, but its growth engine has stopped spinning and it will need to review its proposition if it wants to advance, especially in the North American market,' Saunders added. It comes as stressed Starbucks workers have complained of chronic issues with understaffing , which leads to backlogs in coffee shops. According to an internal survey seen by Bloomberg , only 33 percent of workers at the company's 10,000 US locations say stores consistently have sufficient workers. 'We are constantly only given a skeleton staff,' one worker said in comments collected as part of the survey. Consumer Finance Share or comment on this article: New Starbucks CEO claims he'll fix coffee chain's most infuriating problem... people don't believe him e-mail Add comment
