Fiscal Third Quarter Total Revenues of $2.160 Billion , Up 15.8% Year Over Year Subscription Revenues of $1.959 Billion , Up 15.8% Year Over Year PLEASANTON, Calif. , Nov. 26, 2024 /PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions to help organizations manage their people and money , today announced results for the fiscal 2025 third quarter ended October 31, 2024. Fiscal 2025 Third Quarter Results 1 See the section titled "About Non-GAAP Financial Measures" in the accompanying financial tables for further details. Comments on the News "Workday's solid performance in Q3 reflects the trust our customers place in us across industries, the global momentum around our AI-driven innovations, and the strength of our partner ecosystem," said Carl Eschenbach , CEO, Workday. "Organizations are increasingly consolidating on the Workday platform to reduce total cost of ownership, simplify their operations, and to unlock the power of our best-in-class AI solutions. Workday gives them the ultimate advantage – and that positions our business for long-term success." "In Q3, we once again made good progress across a number of our key growth areas," said Zane Rowe , CFO, Workday. "Looking ahead, we expect fiscal 2025 subscription revenue of $7.703 billion , growth of 17%, and fiscal 2025 non-GAAP operating margin of 25.5%. We are focused on executing in our seasonally strongest quarter, as we lay the foundation for durable, profitable growth at scale." Recent Highlights 1 Gartner Magic Quadrant for Cloud HCM Suites for 1,000+ Employee Enterprises, Ranadip Chandra, Sam Grinter, Ron Hanscome, Chris Pang, Anand Chouksey, Josie Xing, Harsh Kundulli, David Bobo, Laura Gardiner, Hiten Sheth, Emi Chiba, Travis Wickesberg, and Michelle Shapiro, 23 October 2024. 2 Gartner Magic Quadrant for Cloud ERP for Service-Centric Enterprises, Robert Anderson, Denis Torii, Sam Grinter, Naveen Mahendra, Tomas Kienast, Johan Jartelius, 4 November 2024. 3 Gartner Magic Quadrant for Financial Planning Software, Regina Crowder, Vaughan Archer, Matthew Mowrey, Michelle Carlsen, 18 November 2024. Financial Outlook Workday is providing guidance for the fiscal 2025 fourth quarter ending January 31, 2025 as follows: Workday is updating its guidance for the fiscal 2025 full year ending January 31, 2025 as follows: 1 The Company has not provided a reconciliation of its forward outlook for non-GAAP operating margin with its forward-looking GAAP operating margin in reliance on the unreasonable efforts exception provided under Item 10(e)(1)(i)(B) of Regulation S-K. The Company is unable to predict with reasonable certainty the amount and timing of adjustments that are used to calculate this non-GAAP financial measure, particularly related to stock-based compensation and its related tax effects, acquisition- related costs, and realignment costs. Earnings Call Details Workday plans to host a conference call today to review its fiscal 2025 third quarter financial results and to discuss its financial outlook. The call is scheduled to begin at 1:30 p.m. PT / 4:30 p.m. ET and can be accessed via webcast . The webcast will be available live, and a replay will be available following completion of the live broadcast for approximately 90 days. Workday uses the Workday Blog as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD. About Workday Workday is a leading enterprise platform that helps organizations manage their most important assets – their people and money . The Workday platform is built with AI at the core to help customers elevate people, supercharge work, and move their business forever forward. Workday is used by more than 10,500 organizations around the world and across industries – from medium-sized businesses to more than 60% of the Fortune 500. For more information about Workday, visit workday.com . © 2024 Workday, Inc. All rights reserved. Evisort, Workday, and the Workday logo are registered trademarks of Workday, Inc. All other brand and product names are trademarks or registered trademarks of their respective holders. Forward-Looking Statements This press release contains forward-looking statements including, among other things, statements regarding Workday's fourth quarter and full-year fiscal 2025 subscription revenue and non-GAAP operating margin, growth, momentum, and innovation. These forward-looking statements are based only on currently available information and our current beliefs, expectations, and assumptions. Because forward-looking statements relate to the future, they are subject to risks, uncertainties, assumptions, and changes in circumstances that are difficult to predict and many of which are outside of our control. If the risks materialize, assumptions prove incorrect, or we experience unexpected changes in circumstances, actual results could differ materially from the results implied by these forward-looking statements, and therefore you should not rely on any forward-looking statements. Risks include, but are not limited to: (i) breaches in our security measures or those of our third-party providers, unauthorized access to our customers' or other users' personal data, or disruptions in our data center or computing infrastructure operations; (ii) service outages, delays in the deployment of our applications, and the failure of our applications to perform properly; (iii) privacy concerns and evolving domestic or foreign laws and regulations; (iv) the impact of continuing global economic and geopolitical volatility on our business, as well as on our customers, prospects, partners, and service providers; (v) any loss of key employees or the inability to attract, train, and retain highly skilled employees; (vi) competitive factors, including pricing pressures, industry consolidation, entry of new competitors and new applications, advancements in technology, and marketing initiatives by our competitors; (vii) our reliance on our network of partners to drive additional growth of our revenues; (viii) the regulatory, economic, and political risks associated with our domestic and international operations; (ix) adoption of our applications and services by customers and individuals, including any new features, enhancements, and modifications, as well as our customers' and users' satisfaction with the deployment, training, and support services they receive; (x) the regulatory risks related to new and evolving technologies such as AI and our ability to realize a return on our development efforts; (xi) our ability to realize the expected business or financial benefits of any acquisitions of or investments in companies; (xii) delays or reductions in information technology spending; and (xiii) changes in sales, which may not be immediately reflected in our results due to our subscription model. Further information on these and additional risks that could affect Workday's results is included in our filings with the Securities and Exchange Commission ("SEC"), including our most recent report on Form 10-Q or Form 10-K and other reports that we have filed and will file with the SEC from time to time, which could cause actual results to vary from expectations. Workday assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release, except as required by law. Any unreleased services, features, or functions referenced in this document, our website, or other press releases or public statements that are not currently available are subject to change at Workday's discretion and may not be delivered as planned or at all. Customers who purchase Workday services should make their purchase decisions based upon services, features, and functions that are currently available. Workday, Inc. Condensed Consolidated Balance Sheets (in millions) (unaudited) October 31, 2024 January 31, 2024 Assets Current assets: Cash and cash equivalents $ 1,311 $ 2,012 Marketable securities 5,846 5,801 Trade and other receivables, net 1,404 1,639 Deferred costs 244 232 Prepaid expenses and other current assets 273 255 Total current assets 9,078 9,939 Property and equipment, net 1,263 1,234 Operating lease right-of-use assets 335 289 Deferred costs, noncurrent 490 509 Acquisition-related intangible assets, net 383 233 Deferred tax assets 1,031 1,065 Goodwill 3,479 2,846 Other assets 365 337 Total assets $ 16,424 $ 16,452 Liabilities and stockholders' equity Current liabilities: Accounts payable $ 74 $ 78 Accrued expenses and other current liabilities 323 287 Accrued compensation 476 544 Unearned revenue 3,447 4,057 Operating lease liabilities 102 89 Total current liabilities 4,422 5,055 Debt, noncurrent 2,983 2,980 Unearned revenue, noncurrent 64 70 Operating lease liabilities, noncurrent 278 227 Other liabilities 53 38 Total liabilities 7,800 8,370 Stockholders' equity: Common stock 0 0 Additional paid-in capital 11,115 10,400 Treasury stock (1,208) (608) Accumulated other comprehensive income (loss) 16 21 Accumulated deficit (1,299) (1,731) Total stockholders' equity 8,624 8,082 Total liabilities and stockholders' equity $ 16,424 $ 16,452 Workday, Inc. Condensed Consolidated Statements of Operations (in millions, except number of shares which are reflected in thousands and per share data) (unaudited) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Revenues: Subscription services $ 1,959 $ 1,691 $ 5,678 $ 4,843 Professional services 201 175 557 494 Total revenues 2,160 1,866 6,235 5,337 Costs and expenses (1) : Costs of subscription services 329 264 924 759 Costs of professional services 201 181 606 552 Product development 647 619 1,952 1,829 Sales and marketing 620 538 1,804 1,581 General and administrative 198 176 609 512 Total costs and expenses 1,995 1,778 5,895 5,233 Operating income (loss) 165 88 340 104 Other income (expense), net 62 41 178 114 Income (loss) before provision for (benefit from) income taxes 227 129 518 218 Provision for (benefit from) income taxes 34 15 86 25 Net income (loss) $ 193 $ 114 $ 432 $ 193 Net income (loss) per share, basic $ 0.73 $ 0.43 $ 1.63 $ 0.74 Net income (loss) per share, diluted $ 0.72 $ 0.43 $ 1.61 $ 0.73 Weighted-average shares used to compute net income (loss) per share, basic 265,411 262,153 265,062 260,747 Weighted-average shares used to compute net income (loss) per share, diluted 268,549 266,377 268,936 264,087 (1) Costs and expenses include share-based compensation expenses as follows: Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Costs of subscription services $ 35 $ 30 $ 108 $ 90 Costs of professional services 28 29 86 87 Product development 162 162 498 494 Sales and marketing 78 65 226 212 General and administrative 65 63 204 188 Total share-based compensation expenses $ 368 $ 349 $ 1,122 $ 1,071 Workday, Inc. Condensed Consolidated Statements of Cash Flows (in millions) (unaudited) Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Cash flows from operating activities: Net income (loss) $ 193 $ 114 $ 432 $ 193 Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Heritage Distilling Co. Announces Closing of its Initial Public OfferingI love and use many of the suggestions you and others have printed in your column. — Jackie, Colorado Springs, Colorado Shredded paper Dear Heloise: You’re a big fan of recycling items, so I thought you might be interested in what we do with shredded paper in our office. Three of us have family in other countries, so we often have to mail Christmas gifts. We have a paper shredder, and when it comes time to empty it, we dump the paper into large plastic bags and save it in a closet. We later use that paper when we mail gifts for various occasions such as weddings, birthdays and Christmas. The word got out, and now there are a couple of other offices in our building that come down for some “packing material.” — Anne H., Milford, Delaware Microwave fudge Dear Heloise: When I lived at home, my mother insisted on doing the cooking. She said I always made a mess of her kitchen. In college, we had our meals in the dining hall, so I never really learned how to cook. But now I have my own place, and I would like to make a recipe I saw in your column a couple of years ago. I don’t know the name of it, but it was a fudge recipe where you could microwave the ingredients. It sounded good and so easy to make. Would you reprint this recipe? I want to take it to a family gathering for Thanksgiving. — Jeffery M., in Boulder, Colorado Jeffery, the recipe you’re thinking of was called “Matthews’ Microwave Fudge,” and it was indeed very easy to make. Here is the recipe: 1 pound of powdered sugar 1⁄2 cup cocoa 1⁄4 teaspoon butter or margarine 4 tablespoons milk 1 tablespoon vanilla extract 1 cup chopped pecan or walnuts Combine all the ingredients except the nuts in a microwave-safe bowl. Microwave on high until all the ingredients in the mixture are melted and smooth. Remove and stir periodically. When the mixture is smooth, remove it from the microwave and stir in the nuts. Spread the fudge into a buttered 9-by-5-inch loaf pan and allow it to cool completely before cutting it into bite-sized pieces. — Heloise Reusing stockings Dear Heloise: Last week while I was making soup, I wanted to put certain spices in a square of gauze or cheesecloth and found that I had neither in my house. I looked around and finally found a clean nylon stocking I no longer wore or needed. I placed the spices in a square I had cut from the nylon stocking and tied it at the top! It worked very well! — Louella T., Livingston, Montana
The Minister of Livestock Development, Idi Maiha, has said the livestock sector, if properly nurtured, can contribute N33tn to the nation’s economy. The minister stated this at an inaugural meeting with the House of Representatives Committee on Livestock Development on Tuesday in Abuja. He noted that once unbundled, the sector has the potential to attract a lot of investment in the country. The minister said Nigerian businessmen have already indicated interest in going into ranching and dairy farming across the country. “At the moment we are taking stock of those state governments that have external ministry of livestock and fisheries. For state governments that have not created, they should give it effect and have a standing Ministry for Livestock for a seamless relationship between the Federal Ministry of Livestock Development and the State Ministries of Livestock as the case may be. “This sector sector is worth about N33tn once unbundled. Once unbundled, we have a huge opportunity to attract capital into the country as well as have a lot of ranchers. Related News Domestic transactions hit N3.73tn on NGX Minister hails TEFFund contribution to economic growth Rising malaria prevalence in Ogun worrisome – Minister “At the moment, we have a lot of requests from Nigerian businessmen who want to go into ranching and dairy activities. “So it is a question of settling down and unbundling this Ministry, giving it to the formal sector so that it can be derisked and people will know that beyond what everybody has been saying before the creation of this Ministry, there is a strong political support from the office of the President and then this committee,” the minister said. The Chairman of the Committee, Wale Raji, called for the transformation of the livestock sector for meaningful economic growth. He said the committee understood the urgency the sector needs and promised to legislative partnership for the development of the sector. “The only regret is that the creation of the ministry is coming this late. But our consolation is that it is better late than never. And with your wealth of experience as a technocrat and also a practicing farmer, we do not doubt that we have a round peg in a round hole. The whole essence would be towards the development and progress of the country,” he saidMINNEAPOLIS — Alperen Sengun had 22 points, 10 rebounds and 11 assists, Fred VanVleet added 27 points and 11 assists, and the Houston Rockets pulled out a 117-111 overtime win against the Minnesota Timberwolves in an NBA Cup game on Tuesday night. Dillon Brooks added 22 points for Houston, which improved to 3-0 in the competition and clinched West Group A and a spot in the NBA Cup quarterfinals. Anthony Edwards had 29 points and 10 rebounds for Minnesota, which has lost three in a row. Julius Randle scored 21, while Naz Reid had 19 off the bench. Rookie Rob Dillingham, the No. 8 pick in the draft out of Kentucky, had his best game of the season, helping to fill the void left by point guard Mike Conley, who missed his third straight game with a left great toe sprain. Dillingham had 12 points and season highs with seven assists and five rebounds. Takeaways Rockets: This young team has shown it’s for real, particularly on the defensive end. It had 12 steals, nine blocks and forced the Wolves into 17 turnovers that led to 16 points. Timberwolves: Regardless of the loss, Minnesota needed this type of performance after back-to-back losses and a narrow win over Phoenix, which was without Kevin Durant and Bradley Beal. Key moment With 15 seconds left in regulation, Sengun got a pass on a drive to the basket for a potential layup, but Gobert came across for the block to keep the score tied. Edwards’ jumper on the other end was off the mark and the game went to overtime. Houston Rockets forward Jabari Smith Jr. (10) and Minnesota Timberwolves forward Jaden McDaniels (3) fight for the ball during the first half of an Emirates NBA cup basketball game, Tuesday, Nov. 26, 2024, in Minneapolis. Credit: AP/Abbie Parr Key stat Houston shot 15 of 37 from 3-point territory, including a 10 of 18 in the first half to build its lead. UP NEXT Both teams were playing the first game of a back-to-back set. Houston plays at Philadelphia on Wednesday night, while the Wolves stay home against Sacramento.TORONTO, Nov. 26, 2024 (GLOBE NEWSWIRE) -- POET Technologies Inc. (" POET " or the " Corporation ") (TSXV: PTK; NASDAQ: POET), the designer and developer of the POET Optical InterposerTM, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and artificial intelligence markets, today announces its intention to complete a registered direct offering pursuant to which the Corporation expects to issue 5,555,556 common shares (the " Common Shares ") and warrants exercisable for 2,777,778 Common Shares (the " Warrant " and, together with the Common Shares, the " Offered Securities "). The combined price of one Common Share and the accompanying Warrant in respect of one-half Common Share will be US$4.50 (or approximately C$6.29), to raise aggregate gross proceeds to the Corporation of US$25,000,002 (the " Offering "). The Warrant will be exercisable at an exercise price of US$6.00 (or approximately C$8.39) per Common Share for a period of five years from the date of issuance. The Corporation anticipates using the net proceeds of the Offering for working capital related to its recently announced intention to expand assembly operations into Malaysia and for other corporate purposes. It is anticipated that the Offering will close on or about December 3, 2024. The Offering will be made by way of a prospectus supplement to the short form base shelf prospectus of the Corporation dated September 6, 2024 (the " Base Shelf Prospectus ") which will be prepared and filed by the Corporation with the securities regulatory authorities in each of the provinces and territories of Canada prior to the closing of the Offering, and will be filed with the U.S. Securities and Exchange Commission pursuant to the Corporation's U.S. registration statement on Form F-10 (Registration No. 333-28055, which includes the Base Shelf Prospectus and was declared effective by the United States Securities and Exchange Commission on September 10, 2024. The Offering is expected to be made to a single institutional investor that qualifies as an "accredited investor" under National Instrument 45-106 - Prospectus Exemptions of the Canadian Securities Administrators. The consummation of the Offering remains subject to the receipt of regulatory approvals, including the approval of the TSX Venture Exchange (the " Exchange "), and other customary closing conditions. No commission or finder's fee will be paid in connection with the Offering. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About POET Technologies Inc. POET is a design and development company offering high-speed optical engines, light source products and custom optical modules to the artificial intelligence systems market and to hyperscale data centers. POET's photonic integration solutions are based on the POET Optical InterposerTM, a novel, patented platform that allows the seamless integration of electronic and photonic devices into a single chip using advanced wafer-level semiconductor manufacturing techniques. POET's Optical Interposer-based products are lower cost, consume less power than comparable products, are smaller in size and are readily scalable to high production volumes. In addition to providing high-speed (800G, 1.6T and above) optical engines and optical modules for AI clusters and hyperscale data centers, POET has designed and produced novel light source products for chip-to-chip data communication within and between AI servers, the next frontier for solving bandwidth and latency problems in AI systems. POET's Optical Interposer platform also solves device integration challenges across a broad range of communication, computing and sensing applications. POET is headquartered in Toronto, Canada, with operations in Allentown, PA, Shenzhen, China, and Singapore. More information about POET is available on our website at www.poet-technologies.com . Adrian Brijbassi [email protected] Thomas R. Mika, EVP & CFO [email protected] This news release contains "forward-looking information" (within the meaning of applicable Canadian securities laws) and "forward-looking statements" (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as "anticipate", "believe", "expect", "plan", "intend", "potential", "estimate", "propose", "project", "outlook", "foresee" or similar words suggesting future outcomes or statements regarding any potential outcome. Such statements include, without limitation, the Corporation's expectations with respect to consummation of the Offering, its products, the scalability of the POET Optical Interposer and the success of the Corporation's products, the Corporation's ability satisfy all closing conditions and close the Offering within the announced timeline, the Corporation's use of proceeds for the Offering and the Corporation's ability to obtain the final approval of the Exchange. Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management's expectations regarding the size of the market for its products, the capability of its joint venture to produce products on time and at the expected costs, the performance and availability of certain components, and the success of its customers in achieving market penetration for their products. Actual results could differ materially due to a number of factors, including, without limitation, the attractiveness of the Corporation's product offerings, performance of its technology, the performance of key components, and ability of its customers to sell their products into the market. For further information concerning these and other risks and uncertainties, refer to the Corporation's filings on SEDAR+ at www.sedarplus.ca and on the website of the U.S. Securities and Exchange Commission at www.sec.gov. Although the Corporation believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Corporation's securities should not place undue reliance on forward-looking statements because the Corporation can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and the Corporation assumes no obligation to update or revise this forward-looking information and statements except as required by applicable securities laws. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. 120 Eglinton Avenue, East, Suite 1107, Toronto, ON, M4P 1E2- Tel: 416-368-9411 - Fax: 416-322-5075None
Stock indexes closed mixed on Wall Street at the end of a rare bumpy week. The S&P 500 ended little changed Friday. The benchmark index reached its latest in a string of records a week ago. It lost ground for the week following three weeks of gains. The Dow Jones Industrial Average slipped 0.2%. The Nasdaq composite edged up 0.1%. Broadcom surged after the semiconductor company beat Wall Street’s profit targets and gave a glowing forecast, highlighting its artificial intelligence products. RH, formerly known as Restoration Hardware, surged after raising its revenue forecast. Treasury yields rose in the bond market. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. Stocks slipped in afternoon trading Friday as Wall Street closes out a rare bumpy week. The S&P 500 was up by less than 0.1% and is on track for a loss for the week after three straight weekly gains. The Dow Jones Industrial Average fell 58 points, or 0.1% to 43,856 as of 3 p.m. Eastern time. The Nasdaq rose 0.1% and is hovering around its record. Broadcom surged 24.9% for the biggest gain in the S&P 500 after the semiconductor company beat Wall Street’s profit targets and gave a glowing forecast, highlighting its artificial intelligence products. The company also raised its dividend. The company's big gain helped cushion the market's broader fall. Pricey stock values for technology companies like Broadcom give the sector more weight in pushing the market higher or lower. Artificial intelligence technology has been a focal point for the technology sector and the overall stock market over the last year. Tech companies, and Wall Street, expect demand for AI to continue driving growth for semiconductor and other technology companies. Even so, some big tech stocks were in the red Friday. Nvidia slid 2.6%, Meta Platforms dropped 1.7% and Netflix was down 0.7%. Furniture and housewares company RH, formerly known as Restoration Hardware, surged 14.2% after raising its forecast for revenue growth for the year. Wall Street's rally stalled this week amid mixed economic reports and ahead of the Federal Reserve's last meeting of the year. The central bank will meet next week and is widely expected to cut interest rates for a third time since September. Expectations of a series of rate cuts has driven the S&P 500 to 57 all-time highs so far this year . The Fed has been lowering its benchmark interest rate following an aggressive rate hiking policy that was meant to tame inflation. It raised rates from near-zero in early 2022 to a two-decade high by the middle of 2023. Inflation eased under pressure from higher interest rates, nearly to the central bank's 2% target. The economy, including consumer spending and employment, held strong despite the squeeze from inflation and high borrowing costs. A slowing job market, though, has helped push a long-awaited reversal of the Fed's policy. Inflation rates have been warming up slightly over the last few months. A report on consumer prices this week showed an increase to 2.7% in November from 2.6% in October. The Fed's preferred measure of inflation, the personal consumption expenditures index, will be released next week. Wall Street expects it to show a 2.5% rise in November, up from 2.3% in October. The economy, though, remains solid heading into 2025 as consumers continue spending and employment remains healthy, said Gregory Daco, chief economist at EY. “Still, the outlook is clouded by unusually high uncertainty surrounding regulatory, immigration, trade and tax policy,” he said. Treasury yields edged higher. The yield on the 10-year Treasury rose to 4.40% from 4.34% late Thursday. European markets slipped. Britain's FTSE 100 fell 0.1%. Britain’s economy unexpectedly shrank by 0.1% month-on-month in October, following a 0.1% decline in September, according to data from the Office for National Statistics. Asian markets closed mostly lower.GSL 2024 Live Streaming Online Guyana Amazon Warriors vs Lahore Qalandars: Watch Telecast of Global Super League Cricket Match on TV and Online
Declassified files show the note to former MP John Spellar also said the republican party had ignored the “visceral component of sectarianism” in responding to a new government good relations strategy. Mr Spellar, then a Northern Ireland Office minister, had launched a consultation on the “A Shared Future” document, an attempt to address community divisions, segregation and sectarianism in the region at a time when the devolved powersharing institutions were suspended. A file at the Public Record Office in Belfast shows that OFMDFM official Chris Stewart wrote to the minister in July about a response to the document from Sinn Fein representative Bairbre de Brun. Mr Stewart told Mr Spellar that Ms de Brun’s letter had been critical of the document and was clearly intended to “mark your card”. He said among a number of points raised by de Brun was that “the promotion of equality is the key to improving community relations”. His memo adds: “Sinn Fein is clearly seeking to position or align the issue of community relations within its equality and human rights agenda. “This general Sinn Fein position has resulted in a simplistic analysis of community relations, which is flawed in its description of the causes and necessary policy response. “There is of course, no doubt that a lack of equality has been a contributing factor to poor community relations. “However, Sinn Fein ignores the many other factors, not least the violent conflict that resulted in over 3,000 deaths. “Sinn Fein also portrays poor community relations (for nationalists) as being a purely rational response to the political situation. “This ignores the more visceral component of sectarianism, which is all too prevalent in both communities.” Mr Stewart continues: “To suggest, as Sinn Fein does, that the promotion of equality should be the key component of good relations policy is to ignore the key message in A Shared Future, that indirect approaches alone are insufficient to deal with sectarianism and the abnormal relationship between sections of the Northern Ireland community.” The official recommended the minister invite representatives of Sinn Fein to a meeting to discuss the policy. The file also contains a note about Mr Spellar’s meeting with DUP representatives Maurice Morrow and Peter Weir the following month to discuss the document. The note says: “Morrow said he had no problem with sharing the future and suggested that the first step to that would be an election to decide who spoke for whom – though he was quick to say he didn’t want politics to dominate the meeting.” It adds: “Weir said that the biggest step towards improving community relations would be the creation of a political environment that had the broad support of both unionism and nationalism, and the GFA (Good Friday Agreement) could not create that environment.”Telix Files TLX250-CDx (Zircaix®) BLA for Kidney Cancer Imaging
RICHMOND, Ky. (AP) — Matt Morrissey threw a 67-yard touchdown pass to Marcus Calwise Jr. that ended the scoring midway through the fourth quarter and Eastern Kentucky beat North Alabama 21-15 on Saturday for its fifth straight win. TJ Smith drove North Alabama to the EKU 45-yard line before he threw an interception to Mike Smith Jr. to end the game. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.DUP ministers Peter Robinson and Nigel Dodds were sanctioned in 2000 by Stormont’s leaders over their plan to disrupt the powersharing Executive. Minutes of an Executive meeting from June of that year state further action would be considered “as appropriate” if the DUP went ahead with a threat to rotate its ministers. The minutes are within files which have been declassified at the Public Record Office in Belfast. Devolved powersharing had been restored to Northern Ireland in May 2000 when Ulster Unionist leader David Trimble had received the backing of his party to go back into the Assembly, despite there having been no decommissioning of IRA arms at that point. Then DUP deputy leader Mr Robinson and Mr Dodds took up the offices as ministers for regional development and social development, but refused to attend Executive meetings due to the presence of Sinn Fein ministers. The party also said it would rotate its ministerial posts to prevent other parties from taking them. A minute of an Executive meeting on June 8 said Mr Robinson and Mr Dodds had refused a request from First Minister Mr Trimble and deputy First Minister Seamus Mallon to meet with them “to discuss recent public comments by the DUP concerning their positions as ministers”. The minute records that the Executive endorsed a proposal from the First and deputy First Ministers to write again to the two DUP ministers setting out sanctions against them. It says: “The First Minister and and Deputy First Minister would assume responsibility for representing the Executive Committee on transport matters at the British-Irish Council in place of the Minister for Regional Development. “The Minister for Social Development and the Minister for Regional Development would not be nominated to attend meetings of the Joint Ministerial Committee. “Pending the receipt of satisfactory assurances from DUP Ministers regarding the confidentiality and integrity of Executive Committee business, the Minister for Social Development and Minister for Regional Development would not receive Executive Committee papers as of right. “The First Minister and Deputy First Minister would seek briefing, as appropriate, from officials in the Department for Regional Development and Department for Social Development.” The minute continues: “If the DUP carried out their threat to change the holders of the two Ministerial offices on a frequent basis, the Executive Committee would consider other action as appropriate.” Mr Robinson and Mr Dodds resigned as ministers on June 27 and were replaced by party colleagues Gregory Campbell and Maurice Morrow. A minute from an Executive meeting that day says: “The Executive Committee noted that the Minister for Social Development and Minister for Regional Development would be resigning their posts that afternoon, and expressed concern at the proposed rotation of the ministries held by their Party Members.”
MALIBU, Calif., Dec. 13, 2024 (SEND2PRESS NEWSWIRE) — As the Franklin Fire nears containment, having scorched over 4,000 acres and displaced thousands of residents, the Satellite Phone Store ( ) is stepping up to provide critical communication solutions to assist recovery efforts and prepare communities for future emergencies. The Franklin Fire, which destroyed six homes and damaged others, left many areas without reliable communication infrastructure. Satellite communication devices such as & , which function independently of damaged cell networks, are proving essential for both emergency responders and returning residents. IN RESPONSE TO THE CRISIS, THE SATELLITE PHONE STORE IS OFFERING: “A WAKE-UP CALL FOR PREPAREDNESS” “Disasters like the Franklin Fire remind us how essential reliable communication is during and after an emergency,” said Tina Blanco, CEO of Satellite Phone Store. “We’re here to help Malibu recover, but we also want to encourage everyone to think ahead. It’s never too late to prepare for the unexpected, and having the right tools can make all the difference.” SATELLITE COMMUNICATION: A LIFELINE DURING AND AFTER A CRISIS As displaced residents begin returning home, satellite communication tools are helping: With the wildfire starting to be under control, attention now shifts to the importance of emergency preparedness. Wildfires, earthquakes, and other natural disasters can happen at any time, and satellite communication ensures connectivity when traditional networks fail. WHY PREPAREDNESS MATTERS The Satellite Phone Store emphasizes the importance of readiness for future emergencies: PREPARE TODAY FOR TOMORROW’S EMERGENCIES As Malibu rebuilds, the Satellite Phone Store urges individuals and communities to take action now to prepare for what’s next. Reliable communication tools aren’t just for disasters—they’re a safeguard for the unexpected challenges of the future. About Satellite Phone Store: The Satellite Phone Store, a division of , is a global leader in satellite communication technology. Specializing in satellite phones, portable internet hotspots, GPS trackers, and emergency equipment, the company equips families, businesses, and governments with tools to stay connected in extreme conditions. For more information, visit or call 1-877-324-6913. MEDIA CONTACT: Lacey Moore Website: Email: Phone: 1-877-324-6913 Locations: California, Florida, Alaska NEWS SOURCE: Satellite Phone Store Keywords: Telecom and VoIP, Emergency, Telecom, Technology, Internet, Natural Disasters, malibu wildfires, portable internet, satellite internet, sat phones, franklin fires, emergency response, california, MALIBU, Calif. This press release was issued on behalf of the news source (Satellite Phone Store) who is solely responsibile for its accuracy, by . Information is believed accurate but not guaranteed. Story ID: S2P122844 APDF15TBLLI To view the original version, visit: © 2024 Send2Press® Newswire, a press release distribution service, Calif., USA.
NoneFinland beats US 4-3 in OT in world junior hockey; Canada rebounds from loss to top Germany 3-0 OTTAWA, Ontario (AP) — Tuomas Uronen scored at 1:46 of overtime to give Finland a 4-3 victory over the defending champion United States on Sunday in the world junior hockey championship. Canadian Press Dec 29, 2024 7:21 PM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message OTTAWA, Ontario (AP) — Tuomas Uronen scored at 1:46 of overtime to give Finland a 4-3 victory over the defending champion United States on Sunday in the world junior hockey championship. Uronen, who plays for the Kingston Frontenacs in the Ontario Hockey League, came down the right side on a rush and beat goalie Trey Augustine high to the glove side. The Americans lost for the first time in three games. They'll finish Group A play Tuesday night against Canada. Finland has won two straight after an opening loss to Canada. In the late game at Canadian Tire Centre, Carter George made 18 saves to help Canada rebound from an overtime loss to Latvia with a 3-0 victory over Germany. Jesse Kiiskinen, Julius Miettinen and Arttu Alasiurua also scored for Finland, and Petteri Rimpinen made 41 saves. Carey Terrance of the Erie Otters of the OHL, Cole Hutson of Boston University and Brody Ziemer of Minnesota scored for the United States. Augustine, from Michigan State, stopped 29 shots. For Canada, Oliver Bonk opened the scoring midway through the first period, Caden Price made it 2-0 with 4:58 left in the game and Mathieu Cataford added an empty-netter. In Group B at TD Place, Sweden and Czechia each improved to 3-0 ahead of their showdown Tuesday night in the round-robin finale. Tom Willander had two goals and assist in Sweden's 7-5 victory over Switzerland. Eduard Sale scored twice to help Czechia beat Slovakia 4-2. ___ AP sports: https://apnews.com/sports The Associated Press See a typo/mistake? Have a story/tip? This has been shared 0 times 0 Shares Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message Get your daily Victoria news briefing Email Sign Up More Junior Hockey Unconvincing Canada tops Germany 3-0 at world juniors Dec 29, 2024 7:19 PM Dalyn Wakely scores pair to lead Colts to 3-1 victory over Battalion Dec 29, 2024 6:19 PM Lounsbury and Mercier score two goals apiece as Wildcats defeat Islanders Dec 29, 2024 5:25 PMFox Corp. Cl A stock rises Tuesday, still underperforms marketNEW YORK (AP) — 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. AP Business Writer Elaine Kurtenbach contributed.
Trump vows tariffs over immigration. What the numbers say about border crossings, drugs and crime.Melbourne, Young Sam Konstas will gradually come to understand the beauty and vagaries of Test cricket, much like Jasprit Bumrah demonstrated to him in the second essay of the Boxing Day Test, following the debutant's fiery first-innings fifty, feels former Australian opener Simon Katich. Katich, who played 56 Tests for Australia between 2001 to 2010, wants Konstas to retain his unconventional batting style as no one expects a 19-year-old to be a finished product. "Look its tough and there is always going to be hype when you have a 19-year-old making debut because he is in rare company at his age," Katich told PTI during an interview. Konstas scored 60 off 65 balls in the first innings. He hit a conventional lap scoop for maximum and pulled off a reverse lap scoop behind square against Bumrah before walking down the track to smash a six over mid-wicket all in one over. However, the world's best fast bowler in contemporary times bowled a perfect off-cutter to clean the debutant up for 8 in the second innings. "What we saw from him in the first innings at the MCG was unbelievable courage, given the conditions he faced and the challenge of playing against arguably the best bowler in the series Jasprit Bumrah. "Yes, he found a way to counter him with the ramp shot. It was unconventional but we know that the game is being played differently now." "In the second innings, Konstas saw that Test cricket is not going to be easy. The conditions always change and you have to deal with Bumrah. "Given he is only 19, no one expects him to be a finisher. He has lots to learn and gain experience, but obviously he's got potential and talent," said the left-hander, who scored 10 Test hundreds for Australia, including a couple against India." Does he find streaks of David Warner in Konstas' aggression, Katich feels that similarity with the just-retired left-hander ends with temperament and gameplan. "There are certainly aspects of temperament and gameplan, modern-age thinking but in terms of style, he is a very different type of player than Warner as Konstas is much taller. He can run towards the bowler, down the track to put them off length. "Not saying Warner can’t do that but different types players, but he should try and be himself throughout his career." Time for selectors to think beyond Marsh ========================= Katich agrees that if Mitchell Marsh isn’t contributing with the ball, then Australia's National Selection Panel will need to have a look at the combination considering the all-rounder's poor returns with the bat. "No doubt Marsh is under pressure because he isn’t bowling so much. Even after Josh Hazlewood got injured, he only bowled two overs on a day when Cummins and Starc had to share the workload." "There were questions, he then missed out with the bat at MCG and hasn't been able to fulfil the role with the ball. The selectors have a decision to make at the end of this Test.” Talking about Mitchell Starc’s dodgy back and a possible replacement, Katich believes it will either be reserves Jhye Richardson or Sean Abbott. However, he marked tall left-arm pacer Spencer Johnson as a future contender, provided he continues to bowl extensively for South Australia. "If they are being consistent, then guys who have come as cover, Jhye Richardson or Sean Abbott will be in the mix. Spencer Johnson is playing in Big Bash League and is coming back after a toe injury. It is one thing bowling four overs in BBL and bowling 22 to 25 overs in a Test match is completely different, backing it up day after day. "Something they will know better with workloads and managements. I do think Spencer is a potential Test player. He has skills and capability but he has to play more matches for South Australia.” Bumrah is best fast bowler now ==================== Having played a considerable amount of cricket against India, Katich considers Jasprit Bumrah one of the best overseas pacers to have travelled Down Under in the last two decades. "No doubt that of all the players I have seen or played against in last 20 odd years, Bumrah's numbers speak for themselves. One that got Alex Carey, the ball was seaming back, knocking down his stumps was an absolute beauty. Young Konstas got one that pegged back and hit top of middle, great control and skill-set to work batsmen out." Asked what makes Bumrah special, Katich said: “Great pace. Yes, he has unique action. The fact that he gets movement both ways and hits the length and an area at will. "He has got great control, yorker, bouncer, length and adjusting lines whether to get an LBW or bowling in the channel to get an outside edge, backed up by his pace.” This article was generated from an automated news agency feed without modifications to text.The No. 6 Wisconsin Badgers (21-5, 15-2 Big Ten) travel to face the No. 2 Nebraska Cornhuskers (20-1, 11-0 Big Ten) in a crucial Big Ten volleyball matchup at the Bob Devaney Sports Center in Lincoln on Saturday, November 22, 2024. This top-10 showdown carries significant implications for the Big Ten title race and potential NCAA tournament seeding. Nebraska aims to maintain their perfect conference record, while Wisconsin looks to avenge their earlier loss to the Huskers. How to Watch Wisconsin vs Nebraska: Nebraska, under head coach John Cook, enters this match with an impressive 20-1 record and a perfect 11-0 mark in Big Ten play. The Huskers boast the 3rd-best hitting percentage in the nation at .297 and have been particularly strong defensively, holding opponents to a .170 hitting percentage. Wisconsin, led by head coach Kelly Sheffield, comes into this matchup with a 21-5 record (15-2 in Big Ten). The Badgers have the 2nd-best hitting percentage in the country at .300 and lead the Big Ten in blocks per set with 3.1. Outside hitter Sarah Franklin has been a key offensive weapon for Wisconsin with 304 kills on the season. This match is a rematch of their November 1st encounter, where Nebraska swept Wisconsin 3-0 in Madison, ending an 11-year drought for the Huskers at the UW Field House. The Badgers will be looking to turn the tables and secure a crucial road victory. Key players to watch include Nebraska's Bergen Reilly, who leads the team with 799 assists, and Wisconsin's Charlie Fuerbringer, who has 689 assists on the season. The battle at the net between Wisconsin's blockers, led by Carter Booth with 75 blocks, and Nebraska's attackers could be a deciding factor in this match. Live stream the Wisconsin at Nebraska match on Fubo: Start your free trial now ! Regional restrictions may apply. If you purchase a product or register for an account through one of the links on our site, we may receive compensation.
Sinn Fein ‘ignored role of 3,000 deaths in damaging community relations’Satellite Phone Store Steps in to Support Malibu Wildfire Recovery with Lifesaving Communication Tools
Wall Street veteran Scott Bessent nominated to be Trump's treasurer - and he couldn't be more different from Rachel Reeves!
Advertisement During his first term, Trump threatened tariffs while renegotiating trade with Mexico and Canada. Now, his promise to slap a 25% tariff on all imports from the countries strikes a similar chord. Scott Bessent, Trump's pick for treasury secretary, has called tariffs a "negotiating tool." President-elect Donald Trump helped pen business advice in his 1987 book "The Art of the Deal" that's been reflected in his posture on tariffs, from his first term to today: "Leverage: don't make deals without it." Trump announced on Monday that he planned to use an executive order on his first day in office to impose a 25% tariff on all goods from Mexico and Canada. He said in a post on Truth Social that the tariffs "will remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country!" Related Video A proposed merger could help Donald Trump pay off his $454 million fraud penalty While Trump promised to implement harsh tariffs throughout the campaign, actions from his first term suggest that the sweeping threat — which has reverberated throughout global markets and vulnerable sectors like the auto industry — might be a version of his long-favored "leverage." In June 2019, Trump threatened tariffs against Mexico if the country didn't alter its immigration system, which it eventually did . "That was in a sense analogous to what he's doing now outside of economics when he's talking about fentanyl and he's demanding more control of people coming to the border," Robert Lawrence, a professor of international trade and investment and a senior fellow at the Peterson Institute for International Economics, told Business Insider. "Were the tariffs the reason the Mexicans became more compliant? I don't know, but he certainly did use that as a threat." Advertisement Lawrence said that the threat of tariffs is effective rhetorically right now, particularly for those in the European Union who doubted Trump's willingness to follow through on his word. Trump also used tariffs as "leverage" when renegotiating the North American Free Trade Agreement, Mark Blyth, a political economist at Brown University, told BI. Blyth said that Trump is notably unpredictable, and until he steps into the White House again on January 20, people can only speculate about what promises he'll follow through on. Advertisement "We're all shadowboxing. We're jumping at the show: 'Look, he's going to do this! He says he's going to do this!'" Blyth said. "He's still got to get in, he's still got to form his Cabinet . He's got to put in these people and then he can do stuff." A Brookings Institute report said tariffs set important context for the NAFTA renegotiations, and Mexico and Canada likely wouldn't have come to the negotiating table without them. However, the report concluded that using tariffs as leverage does not necessarily result in significantly more favorable trade relations, though they do succeed in getting "other countries' attention." While financial analysts are taking Trump's threats seriously, some banking leaders seem to think that Trump's most recent tariff threat is a continuation of his past negotiation tactics. Advertisement "This is President Trump's negotiating style: step one, punch in the face, step two, let's negotiate," Kieran Calder, the head of equity research for Asia at Union Bancaire Privée, said, per Bloomberg . In a report published Tuesday morning, UBS said that "the timing and narrow focus of the latest threat suggest scope for negotiation." By focusing on non-trade issues — immigration and drugs — Trump is suggesting that the tariffs are transactional, focused more on gaining the upper hand than implementing long-term tariffs, the authors argue. Luis Costa, the global head of emerging markets strategy at Citi Bank, made a similar point on Squawk Box Europe Tuesday. "To us, it is absolutely obvious that the Trump administration will use tariffs as one important lever to negotiate with Sheinbaum's government," he said, referring to Mexico's president, Claudia Sheinbaum. "It is probably something that is more about negotiation rather than about imposing tariffs." Advertisement And Trump's own nominee for treasury secretary, Scott Bessent , published an opinion piece earlier this month arguing that the president-elect uses "tariffs as a negotiating tool with our trading partners." A spokesperson from the Trump transition team told BI in a statement that "in his first term, President Trump instituted tariffs against China that created jobs, spurred investment, and resulted in no inflation."Russia-Ukraine escalation fears push oil and defence stocks higher
OTTAWA, Ontario (AP) — Tuomas Uronen scored at 1:46 of overtime to give Finland a 4-3 victory over the defending champion United States on Sunday in the world junior hockey championship. Uronen, who plays for the Kingston Frontenacs in the Ontario Hockey League, came down the right side on a rush and beat goalie Trey Augustine high to the glove side. The Americans lost for the first time in three games. They'll finish Group A play Tuesday night against Canada. Finland has won two straight after an opening loss to Canada. In the late game at Canadian Tire Centre, Carter George made 18 saves to help Canada rebound from an overtime loss to Latvia with a 3-0 victory over Germany. Jesse Kiiskinen, Julius Miettinen and Arttu Alasiurua also scored for Finland, and Petteri Rimpinen made 41 saves. Carey Terrance of the Erie Otters of the OHL, Cole Hutson of Boston University and Brody Ziemer of Minnesota scored for the United States. Augustine, from Michigan State, stopped 29 shots. For Canada, Oliver Bonk opened the scoring midway through the first period, Caden Price made it 2-0 with 4:58 left in the game and Mathieu Cataford added an empty-netter. In Group B at TD Place, Sweden and Czechia each improved to 3-0 ahead of their showdown Tuesday night in the round-robin finale. Tom Willander had two goals and assist in Sweden's 7-5 victory over Switzerland. Eduard Sale scored twice to help Czechia beat Slovakia 4-2. AP sports: https://apnews.com/sports
Stock indexes closed mixed on Wall Street at the end of a rare bumpy week. The S&P 500 ended little changed Friday. The benchmark index reached its latest in a string of records a week ago. It lost ground for the week following three weeks of gains. The Dow Jones Industrial Average slipped 0.2%. The Nasdaq composite edged up 0.1%. Broadcom surged after the semiconductor company beat Wall Street’s profit targets and gave a glowing forecast, highlighting its artificial intelligence products. RH, formerly known as Restoration Hardware, surged after raising its revenue forecast. Treasury yields rose in the bond market. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. Stocks slipped in afternoon trading Friday as Wall Street closes out a rare bumpy week. The S&P 500 was up by less than 0.1% and is on track for a loss for the week after three straight weekly gains. The Dow Jones Industrial Average fell 58 points, or 0.1% to 43,856 as of 3 p.m. Eastern time. The Nasdaq rose 0.1% and is hovering around its record. Broadcom surged 24.9% for the biggest gain in the S&P 500 after the semiconductor company beat Wall Street’s profit targets and gave a glowing forecast, highlighting its artificial intelligence products. The company also raised its dividend. The company's big gain helped cushion the market's broader fall. Pricey stock values for technology companies like Broadcom give the sector more weight in pushing the market higher or lower. Artificial intelligence technology has been a focal point for the technology sector and the overall stock market over the last year. Tech companies, and Wall Street, expect demand for AI to continue driving growth for semiconductor and other technology companies. Even so, some big tech stocks were in the red Friday. Nvidia slid 2.6%, Meta Platforms dropped 1.7% and Netflix was down 0.7%. Furniture and housewares company RH, formerly known as Restoration Hardware, surged 14.2% after raising its forecast for revenue growth for the year. Wall Street's rally stalled this week amid mixed economic reports and ahead of the Federal Reserve's last meeting of the year. The central bank will meet next week and is widely expected to cut interest rates for a third time since September. Expectations of a series of rate cuts has driven the S&P 500 to 57 all-time highs so far this year . The Fed has been lowering its benchmark interest rate following an aggressive rate hiking policy that was meant to tame inflation. It raised rates from near-zero in early 2022 to a two-decade high by the middle of 2023. Inflation eased under pressure from higher interest rates, nearly to the central bank's 2% target. The economy, including consumer spending and employment, held strong despite the squeeze from inflation and high borrowing costs. A slowing job market, though, has helped push a long-awaited reversal of the Fed's policy. Inflation rates have been warming up slightly over the last few months. A report on consumer prices this week showed an increase to 2.7% in November from 2.6% in October. The Fed's preferred measure of inflation, the personal consumption expenditures index, will be released next week. Wall Street expects it to show a 2.5% rise in November, up from 2.3% in October. The economy, though, remains solid heading into 2025 as consumers continue spending and employment remains healthy, said Gregory Daco, chief economist at EY. “Still, the outlook is clouded by unusually high uncertainty surrounding regulatory, immigration, trade and tax policy,” he said. Treasury yields edged higher. The yield on the 10-year Treasury rose to 4.40% from 4.34% late Thursday. European markets slipped. Britain's FTSE 100 fell 0.1%. Britain’s economy unexpectedly shrank by 0.1% month-on-month in October, following a 0.1% decline in September, according to data from the Office for National Statistics. Asian markets closed mostly lower. Damian J. Troise And Alex Veiga, The Associated Press