Syria's Druze hope for better future without Assad
Retail sales rose at healthy pace last month in latest sign of US economy's health WASHINGTON (AP) — Consumers stepped up their spending at retail stores last month, providing a boost to the economy in the early phases of the winter holiday shopping season. Retail sales rose 0.7% in November, the Commerce Department said Tuesday, a solid increase and higher than October’s 0.5% gain. The boost in spending underscores that the economy is still growing at a healthy pace even with higher interest rates, a trend that could cause the Federal Reserve to lower borrowing costs more slowly next year than they have previously signaled. Tuesday’s report arrives just a day before the Fed is set to announce its latest rate decision Wednesday. Americans end 2024 with grim economic outlook, but Republicans are optimistic for 2025: AP-NORC poll WASHINGTON (AP) — A new poll finds that Democrats are feeling more pessimistic about the U.S. economy after Donald Trump's victory. Republicans, meanwhile, are still dour about the current state of the economy but hopeful that growth will be stronger next year when Trump returns to the White House as president. The latest survey from The Associated Press-NORC Center for Public Affairs Research suggests that some Americans are evaluating the economy more by who holds political power than on what the underlying trends suggest. This was a persistent challenge for President Joe Biden and raises the possibility that Trump might also struggle to translate his economic ideas into political wins. Biden calls for ban on congressional stock trading WASHINGTON (AP) — President Joe Biden has endorsed a ban on congressional stock trading in an interview that’s being released this week. It's the first time he's publicly backed the idea. He made the comments to Faiz Shakir, a political adviser for Sen. Bernie Sanders. Shakir interviewed the Democratic president for A More Perfect Union, a pro-labor advocacy and journalism organization. The Associated Press reviewed a video of the interview before its release. A bipartisan proposal to ban trading by members of Congress and their families has dozens of sponsors, but it has not received a vote. Federal Reserve is likely to slow its rate cuts with inflation pressures still elevated WASHINGTON (AP) — Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week’s Federal Reserve meeting. The Fed’s policymakers are likely to signal fewer interest rate cuts next year than were previously expected. The officials are set to reduce their benchmark rate, which affects many consumer and business loans, by a quarter-point to about 4.3% when their meeting ends Wednesday. The problem is that while inflation has dropped far below its peak of 9.1% in mid-2022, it remains stubbornly above the Fed’s 2% target. Why is tech giant SoftBank investing over $100 billion in the US? BANGKOK (AP) — Japanese tycoon Masayoshi Son has joined President-elect Donald Trump in announcing plans by technology and telecoms giant SoftBank Group to invest $100 billion in projects in the United States. Trump said the investments would create 100,000 jobs over four years, twice what Son promised when he pledged $50 billion in U.S. investments in 2016. Son is known for making bold choices, sometimes paying big and sometimes not. SoftBank has investments in dozens of Silicon Valley startups, big companies like semiconductor maker Arm and Chinese e-commerce giant Alibaba. The stock market rally and craze for AI has boosted the value of its assets, but some question if its investments will create that many jobs. Business owners should not forget anti-money laundering rule currently in legal limbo Small business owners should not forget about a rule that requires them to register with an agency called the Financial Crimes Enforcement Network, or FinCEN, by Jan. 1. The registration is part of the Corporate Transparency Act passed in 2021. Registering isn’t difficult, but if a small business owner is unaware of the requirement, they could be slapped with penalties of up to $10,000. For now, the rule is in legal limbo. On Dec. 3 a federal court in Texas issued a preliminary injunction prohibiting enforcement of the rule. Stellantis pledges invest $2.1 million in Italian production in 2025 during talks with government MILAN (AP) — The Stellantis automaker has pledged to invest 2 billion euros or $2.1 billion in Italian production next year and spend another 6 billion euros or $6.3 billion in the supply chain. The head of European operations for the world's fifth-largest carmaker made the pledge during a meeting with Italian ministers, regional officials and unions following the forced resignation of former CEO Carlos Tavares earlier this month. The Italian government was seeking reassurances of Stellantis' commitment to Italy. Billion-dollar donation from Netflix's Reed Hastings leads 2024's list of biggest gifts Netflix co-founder Reed Hastings and former New York City mayor Michael Bloomberg made the largest contributions in 2024, and financial aid, especially for medical students, got most of the money. The Chronicle’s annual list of the biggest charitable donations from individuals or their foundations totaled nearly $6 billion in 2024, with half of that coming from three contributions of $1 billion or more each. Two of those three gifts went to medical schools to provide financial aid. Altogether, four of the top donations on the list, totaling $2.3 billion, went to support financial aid. Stock market today: Wall Street trims its stellar gains as Nvidia's star dims again NEW YORK (AP) — U.S. stock indexes are trimming some of their stellar gains for the year. The S&P 500 fell 0.3% in Tuesday afternoon trading, though it’s still near its all-time high set earlier this month. The Dow Jones Industrial Average slipped 242 points, and the Nasdaq composite lost 0.2% from its record set the day before. Nvidia, the superstar stock that’s been a big reason for Wall Street’s run to records this year, fell toward its eighth loss in the last nine days. Treasury yields held relatively steady after sales at U.S. retailers strengthened by more than expected. Bitcoin set another record. Event promoters, hotels and lodging sites soon will have to disclose extra fees up front The Federal Trade Commission says it will soon require hotels, vacation rental platforms and live event promoters to disclose any fees up front when they list prices. The FTC said on Tuesday that consumers often see advertised prices for hotel rooms, short-term rentals, and tickets to sporting events and concerts only to be surprised later by so-called “junk fees,” including resort fees, cleaning fees, processing fees and other extra charges. The new rule requires businesses to clearly and conspicuously disclose the true cost – including all mandatory fees – when they display any pricing for lodging or events. The rule is scheduled to go into effect in 120 days.
Uwill Founder & CEO Michael London Named Innovator in Healthcare
Biden will decide on US Steel acquisition after influential panel fails to reach consensus WASHINGTON (AP) — A powerful government panel has failed to reach consensus on the possible national security risks of a nearly $15 billion proposed deal for Nippon Steel of Japan to purchase U.S. Steel. The Committee on Foreign Investment in the United States on Monday sent its long-awaited report to President Joe Biden, a longtime opponent of the deal. Some federal agencies represented on the panel were skeptical that allowing a Japanese company to buy an American-owned steelmaker would create national security risks. That's according to a U.S. official familiar with the matter. Both Biden and President-elect Donald Trump opposed the merger and vowed to block it. Nippon Steel says it is confident the deal will go ahead. Nissan and Honda to attempt a merger that would create the world's No. 3 automaker TOKYO (AP) — Japanese automakers Nissan and Honda have announced plans to work toward a merger that would catapult them to a top position in an industry in the midst of tectonic shifts as it transitions away from its reliance on fossil fuels. The two companies said they signed an agreement on integrating their businesses on Monday. Smaller Nissan alliance member Mitsubishi Motors agreed to join the talks. News of a possible merger surfaced earlier this month. Japanese automakers face a strong challenge from their Chinese rivals and Tesla as they make inroads into markets at home and abroad. What a merger between Nissan and Honda means for the automakers and the industry BANGKOK (AP) — Japanese automakers Honda and Nissan will attempt to merge and create the world’s third-largest automaker by sales as the industry undergoes dramatic changes in its transition away from fossil fuels. The two companies said they had signed a memorandum of understanding on Monday and that smaller Nissan alliance member Mitsubishi Motors also had agreed to join the talks on integrating their businesses. Honda will initially lead the new management, retaining the principles and brands of each company. Following is a quick look at what a combined Honda and Nissan would mean for the companies, and for the auto industry. Survey: Small businesses are feeling more optimistic about the economy after the election A survey shows small business owners are feeling more optimistic about the economy following the election. The National Federation of Independent Businesses’ Small Business Optimism Index rose by eight points in November to 101.7, its highest reading since June 2021. The Uncertainty Index declined 12 points in November to 98, following October’s pre-election record high of 110. NFIB Chief Economist Bill Dunkelberg said small business owners became more certain about future business conditions following the presidential election, breaking a nearly three-year streak of record high uncertainty. The survey also showed that more owners are also hoping 2025 will be a good time to grow. Heavy travel day starts with brief grounding of all American Airlines flights WASHINGTON (AP) — American Airlines briefly grounded flights nationwide due to a technical problem just as the Christmas travel season kicked into overdrive and winter weather threatened more potential problems for those planning to fly or drive. Government regulators cleared American flights to get airborne Tuesday about an hour after the Federal Aviation Administration ordered a national ground stop, which prevented planes from taking off. American said in an email that the problem was caused by vendor technology in its flight operating system. Aviation analytics company Cirium said flights were delayed across American’s major hubs, with only 37% leaving on time. Nineteen flights were cancelled. Nordstrom to be acquired by Nordstrom family and a Mexican retail group in $6.25 billion deal Century-old department store Nordstrom has agreed to be acquired and taken private by Nordstrom family members and a Mexican retail group in a $6.25 billion deal. Nordstrom shareholders will receive $24.25 in cash for each share of Nordstrom common stock, representing a 42% premium on the company’s stock as of March 18. Nordstrom’s board of directors unanimously approved the the proposed transaction, while Erik and Pete Nordstrom — part of the Nordstrom family taking over the company — recused themselves from voting. Following the close of the transaction, the Nordstrom Family will have a majority ownership stake in the company. Stock market today: Wall Street rallies ahead of Christmas Stocks closed higher on Wall Street ahead of the Christmas holiday, led by gains in Big Tech stocks. The S&P 500 added 1.1% Tuesday. Trading closed early ahead of the holiday. Tech companies including Apple, Amazon and chip company Broadcom helped pull the market higher. The Dow Jones Industrial Average rose 0.9%, and the Nasdaq composite climbed 1.3%. American Airlines shook off an early loss and ended mostly higher after the airline briefly grounded flights nationwide due to a technical issue. Treasury yields held steady in the bond market. The yield on the 10-year Treasury was little changed at 4.59% An analyst looks ahead to how the US economy might fare under Trump WASHINGTON (AP) — President-elect Donald Trump won a return to the White House in part by promising big changes in economic policy — more tax cuts, huge tariffs on imports, mass deportations of immigrants working in the United States illegally. In some ways, his victory marked a repudiation of President Joe Biden’s economic stewardship and a protest against inflation. It came despite low unemployment and steady growth under the Biden administration. What lies ahead for the economy under Trump? Paul Ashworth of Capital Economics spoke recently to The Associated Press. The interview has been edited for length and clarity. American consumers feeling less confident in December, Conference Board says American consumers are feeling less confident in December, a business research group says. The Conference Board said Monday that its consumer confidence index fell back in December to 104.7 from 112.8 in November. Consumers had been feeling increasingly confident in recent months. The consumer confidence index measures both Americans’ assessment of current economic conditions and their outlook for the next six months. The measure of Americans’ short-term expectations for income, business and the job market tumbled more than a dozen points to 81.1. The Conference Board says a reading under 80 can signal a potential recession in the near future. Stock market today: Wall Street rises at the start of a holiday-shortened week Stocks closed higher on Wall Street at the start of a holiday-shortened week. The S&P 500 rose 0.7% Monday. Several big technology companies helped support the gains, including chip companies Nvidia and Broadcom. The Dow Jones Industrial Average added 0.2%, and the Nasdaq composite rose 1%. Honda's U.S.-listed shares rose sharply after the company said it was in talks about a combination with Nissan in a deal that could also include Mitsubishi Motors. Eli Lilly rose after announcing that regulators approved Zepbound as the first prescription medicine for adults with sleep apnea. Treasury yields rose in the bond market.
Shares in Japan chipmaker Kioxia rally on Tokyo debutMolecular Diagnostics Market To Reach USD 60,347.40 Million By 2034 At A CAGR Of 4.3% Future Market Insights Inc.
Morgan Stanley Cuts Valvoline (NYSE:VVV) Price Target to $42.00Offense rules day as No. 10 Georgia dispatches MassachusettsOpenAI's legal battle with Elon Musk reveals internal turmoil over avoiding AI 'dictatorship'
Todd McShay Has 6-Word Reaction to Colorado QB Shedeur Sanders' Brutal Dirty Hit
Mary Murphy, Minnesota’s longest-serving woman legislator, in hospice care after strokeThe International Labour Organisation, in partnership with the Ondo State Government and the Cocoa Farmers Association of Nigeria, recently launched a programme aimed at promoting health insurance enrolment among cocoa farmers, informal workers, and vulnerable households at risk of child labour. The initiative, under the ILO’s Global Accelerator Lab project, funded by the United States Department of Labour, is among a series of awareness campaigns across 20 rural communities in Ondo State. According to a statement by ILO, 839 individuals were engaged across the 20 project communities. Ondo State is Nigeria’s largest cocoa-producing state, where many families depend on farming for their livelihood. However, poverty, limited access to healthcare, and child labour remain critical challenges. The Ondo State Contributory Health Scheme, including the “Orange Health Insurance Scheme” for informal sector workers and the “Basic Healthcare Provision Fund Programme” for vulnerable individuals, provides a unique opportunity to improve the well-being of these communities. During the four-day campaign, the ILO collaborated with the Cocoa Farmers Association of Nigeria, trade unions, community-based organisations, and the Ondo State Contributory Health Commission to deliver targeted messaging on the benefits of these health insurance schemes. Related News Ondo, Ekiti, others get new police commissioners Three cops killed in Ondo crash SWAN begs Aiyedatiwa to improve Ondo sporting facilities Community leaders, mobilisers, and healthcare officials contacted thousands of farmers and residents, providing information on enrolment procedures and healthcare benefits. The Director of the ILO Country Office for Nigeria, Ghana, Sierra Leone, and Liberia, Vanessa Phala, said, “Ensuring access to health insurance for vulnerable communities is a significant step towards eliminating child labour and improving livelihoods, this campaign exemplifies how collaboration between governments, workers’ representatives, and organisations like the ILO can foster real change.” The expected results of this activity include increased awareness and commitment to child labour elimination, improved capacity of cooperative societies, enhanced collaboration among stakeholders, and the development of effective strategies for elimination. Ultimately, the goal is to improve the livelihoods of cocoa farmers and their families, reducing their reliance on child labour. A beneficiary, Chief Akinola Akinwole, said, “I didn’t know my family could benefit from health insurance. Through this programme, I have learnt how to enrol and protect my children’s future. This knowledge will also help me focus on improving my farm without worrying about unexpected medical costs.” “The awareness campaigns aim to boost enrolment in health insurance schemes among community members in these areas. This initiative is expected to not only enhance access to healthcare but also reduce child labour by improving the well-being and productivity of cocoa farmers and other informal workers. By tackling systemic challenges and equipping families with social protection, the GALAB project is fostering safer, healthier, and more productive communities,” the statement added.