The New York Times, citing American officials, has reported that Ukraine is reducing its use of long-range ATACMS missiles, primarily due to dwindling stockpiles. Kyiv reportedly has fewer than 50 of the missiles provided by the US. This challenge is compounded by political shifts in Washington that could affect future military support for Ukraine. Source: The New York Times Details: The report notes that when the US decided to provide ATACMS missiles in spring, about 500 units were transferred from Pentagon stockpiles. Initially, Ukraine was restricted from using these missiles to strike Russian territory, instead targeting temporarily occupied territories, including Crimea. However, in mid-November, US President Joe Biden justified granting permission for Kyiv to use these missiles for strikes deep within Russian territory. By then, Ukraine reportedly had only "tens of the missiles" left, approximately 50. The New York Times cited two US officials as saying that possibilities for securing additional missiles are nearly exhausted. Existing stockpiles were already allocated to regions such as the Middle East and Asia. Meanwhile, the UK, which also allowed Ukraine to use its Storm Shadow missiles on Russian territory following Biden’s decision, recently admitted its own supplies of these missiles are critically low. The situation is unlikely to change under Donald Trump, who in a recent Time interview disagreed "very vehemently" with Ukraine’s use of ATACMS on Russian territory. Trump criticised the Biden administration’s decision to provide the missiles, calling it "foolish". The Kremlin later commented that Trump’s stance "fully aligns" with Moscow’s views. The New York Times, referencing data from Russia's Ministry of Defence and military bloggers, reported that after receiving permission from the US and UK, Ukraine conducted at least six missile strikes, using no fewer than 31 ATACMS and 14 Storm Shadow missiles. While the Ukrainian military has not commented on their use, neither the US nor Ukraine officials have disputed the given numbers. The article also highlights remarks from officials and analysts describing Ukrainian Storm Shadow strike on 20 November against a Russian command bunker near the district of Maryino in Kursk Oblast as one of the most effective attacks. The following day, Russia launched its new hypersonic ballistic Oreshnik missile, targeting the city of Dnipro in Ukraine. General Valery Gerasimov, Russia’s Chief of the General Staff, held a phone call with General Charles Brown, US Chairman of the Joint Chiefs of Staff, on 27 November, to discuss concerns about escalation. Quote: "After that 27 November call, Ukraine didn’t fire ATACMS or Storm Shadows for two weeks. Russia also launched few missile or drone attacks into Ukraine, although Russia’s president [sic], Vladimir V. Putin, threatened to launch the Оreshnik at the centre of Кyiv if Ukraine didn’t stop using ATACMS in Russia." More details: Despite public threats, Putin has been cautious in responding to Ukrainian operations, the US officials said. They believe Moscow is unlikely to retaliate directly against the US for long-range missile strikes to avoid dragging Washington into the conflict. Analysts suggest Ukraine has slowed its use of the missiles due to their limited stock and the priority targeting of high-value objectives. Mykola Bielieskov, a military analyst at Ukraine’s government-run National Institute for Strategic Studies, explained: "We decided to wait and find high-value capability, and that’s natural. Don’t expect quick returns, because we need to preserve this capability and spend it judiciously and very wisely". Background: Support UP or become our patron !NEW YORK (AP) — U.S. stock indexes drifted amid mixed trading Monday, ahead of this week’s upcoming meeting by the Federal Reserve that could set Wall Street’s direction into next year. The S&P 500 rose 0.4%, coming off its first losing week in the last four . The Nasdaq composite climbed 1.2% to a record, while the Dow Jones Industrial Average was a laggard and fell 110 points, or 0.3%. Broadcom leaped 11.2% to help lead the S&P 500 for a second straight day after delivering a profit report last week that beat analysts’ expectations. The technology company is riding a wave of enthusiasm about its artificial-intelligence offerings in particular. The market’s main event, though, will arrive on Wednesday when the Federal Reserve will announce its last move on interest rates for the year. The widespread expectation is that it will cut its main rate for a third straight time, as it tries to boost the slowing job market after getting inflation nearly all the way down to its target of 2%. The question is how much more it will cut rates next year, and Fed officials will release projections for where they see the federal funds rate ending 2025, along with other economic indicators, once their meeting concludes. Fed Chair Jerome Powell will also answer questions in a press conference following the meeting. For now, the general expectation among traders is that the Fed may cut a couple more times in 2025, according to data from CME Group. But such expectations have been shrinking following reports suggesting inflation may be tougher to get all the way down to 2% from here. Besides last month’s slight acceleration in inflation, another worry is that President-elect Donald Trump’s preferences for tariffs and other policies could lead to higher inflation down the line. Goldman Sachs economist David Mericle has dropped his earlier forecast of a cut by the Fed in January, for example. Beyond the possibility of tariffs, he said Fed officials may also want to slow their cuts because of uncertainty about exactly how low rates need to go so that they no longer press the brakes on the economy. Expectations for a series of cuts to rates by the Fed have been one of the main reasons the S&P 500 has set an all-time high 57 times so far this year and is heading for one of its best years of the millennium . The economy has held up better than many feared, continuing to grow even after the Fed hiked the federal funds rate to a two-decade high in hopes of grinding down on inflation, which topped 9% two summers ago. On Wall Street, MicroStrategy jumped as much as 7% during the day as it continues to benefit from the surging price for bitcoin , which set another all-time high. But its stock ended the day down by les than 0.1% after bitcoin’s price pulled back below $106,000 after setting a record above $107,700, according to CoinDesk. The software company has been building its hoard of the cryptocurrency, and its stock price has more than sextupled this year. It will also soon join the Nasdaq 100 index. Bitcoin’s price has catapulted from roughly $44,000 at the start of the year, riding a recent wave of enthusiasm that Trump will create a system that’s more favorable to digital currencies . Honeywell rose 3.7% after saying it’s still considering a spin-off or sale of its aerospace business, as part of a review of its overall business. It said it plans to give an update with the release of its fourth-quarter results. They helped offset a drop for Nvidia, whose chips are powering much of the world’s move into AI. Its stock fell 1.7%. Because it’s grown so massive, with a total value topping $3 trillion, it was the single heaviest weight on the S&P 500. All told, the S&P 500 rose 22.99 points to 6,074.08. The Dow Jones Industrial Average fell 110.58 to 43,717.48, and the Nasdaq composite rose 247.17 to 20,173.89. In the bond market, Treasury yields held relatively steady. The yield on the 10-year Treasury edged down to 4.39% from 4.40% late Friday. The two-year yield, which more closely tracks expectations for the Fed, eased to 4.24% from 4.25%. In stock markets abroad, indexes fell modestly across much of Europe and Asia. They sank 0.9% in Hong Kong and 0.2% in Shanghai after China reported lackluster economic indicators for November despite attempts to strengthen the world’s second-largest economy. South Korea’s Kospi fell 0.2% as law enforcement authorities pushed to summon impeached President Yoon Suk Yeol for questioning over his short-lived martial law decree, and the Constitutional Court met to discuss whether to remove him from office or reinstate him. AP Business Writer Elaine Kurtenbach contributed.

Trump convinced Republicans to overlook his misconduct. But can he do the same for his nominees?

Stock market today: Wall Street slips as technology stocks drag on the market NEW YORK (AP) — Stocks slipped as Wall Street closes out a holiday-shortened week. The S&P 500 fell 1.6% Friday and the the Dow Jones Industrial Average lost 475 points, or 1.1%. The Nasdaq composite is down 2%. Technology stocks were the biggest drag on the market. The S&P 500 is still headed for its second consecutive annual gain of more than 20%, the first time that has happened since 1997-1998. In Asia, Japan’s benchmark index surged as the yen remained weak against the dollar. Stocks in South Korea fell after the main opposition party voted to impeach the country’s acting leader. 10 tips from experts to help you change your relationship with money in 2025 NEW YORK (AP) — As the calendar changes to 2025, you might be thinking about how to approach your relationship with money in the new year. Whether you’re saving to move out of your parents’ house or pay off student loan debt, financial resolutions can help you stay motivated. If you’re planning to make financial resolutions for the new year, experts recommend that you start by evaluating the state of your finances in 2024. Then, set specific goals and make sure they’re attainable for your lifestyle. An online debate over foreign workers in tech shows tensions in Trump's political coalition WEST PALM BEACH, Fla. (AP) — An online spat between factions of Donald Trump’s supporters over immigration and the tech industry has thrown internal divisions in the president-elect’s political movement into public display. The argument previews fissures and contradictory views his coalition could bring to the White House. The rift laid bare tensions between the newest flank of Trump’s movement — that is, wealthy members of the tech world who want more highly skilled workers in their industry — and people in Trump’s Make America Great Again base who championed his hardline immigration policies. A 9th telecoms firm has been hit by a massive Chinese espionage campaign, the White House says WASHINGTON (AP) — A top White House official says a ninth U.S. telecoms firm has been confirmed to have been hacked as part of a sprawling Chinese espionage campaign that gave officials in Beijing access to private texts and phone conversations of an unknown number of Americans. Administration officials said this month that at least eight telecommunications companies, as well as dozens of nations, had been affected by the Chinese hacking blitz known as Salt Typhoon. But Anne Neuberger, a deputy national security adviser, said Friday that a ninth victim had been identified after the administration released guidance to companies about how to hunt for Chinese culprits in their networks. Most Americans blame insurance profits and denials alongside the killer in UHC CEO death, poll finds WASHINGTON (AP) — Most Americans believe health insurance profits and coverage denials share responsibility for the killing of UnitedHealthcare’s CEO — although not as much as the person who pulled the trigger. So says a new poll from NORC at the University of Chicago. It finds that about 8 in 10 Americans say that the person who committed the killing has “a great deal” or “a moderate amount” of responsibility for the Dec. 4 shooting of Brian Thompson. Still, some see suspect Luigi Mangione as a heroic figure. About 7 in 10 adults say coverage denials or health insurance profits also bear at least “a moderate amount” of responsibility for Thompson’s death. Another jackpot surpasses $1 billion. Is this the new normal? Remember this moment because it probably won’t last: A U.S. lottery jackpot is projected to soar above $1 billion, and that's still a big deal. Friday’s Mega Millions drawing is worth an estimated $1.15 billion. The prize has evoked headlines across the country, despite the nation's top 10 jackpots already having boasted billion-dollar payouts. Jonathan Cohen is the author of the book “For a Dollar and a Dream: State Lotteries in Modern America.” He says he expects jackpots to continue to grow in size. Larger payouts attract more media attention, increase ticket sales and bring in new players. How the stock market defied expectations again this year, by the numbers NEW YORK (AP) — What a wonderful year 2024 has been for investors. U.S. stocks ripped higher and carried the S&P 500 to records as the economy kept growing and the Federal Reserve began cutting interest rates. The benchmark index posted its first back-to-back annual gains of more than 20% since 1998. The year featured many familiar winners, such as Big Tech, which got even bigger as their stock prices kept growing. But it wasn’t just Apple, Nvidia and the like. Bitcoin and gold surged and “Roaring Kitty” reappeared to briefly reignite the meme stock craze. Richard Parsons, prominent executive who led Time Warner and Citigroup, dies at 76 NEW YORK (AP) — Richard Parsons, one of corporate America’s most prominent Black executives who held top posts at Time Warner and Citigroup, has died. He was 76. Parsons died Thursday at his Manhattan home. He was diagnosed with multiple myeloma in 2015 and cited “unanticipated complications” from the disease for cutting back on work a few years later. Financial services company Lazard confirmed his death. Parsons was a longtime member of the company's board. His friend Ronald Lauder told The New York Times that the cause of death was cancer. Parsons stepped down Dec. 3 from the boards of Lazard and Lauder’s company, Estée Lauder, citing health reasons. He had been on Estée Lauder’s board for 25 years. Israel strikes Houthi rebels in Yemen's capital while the WHO chief says he was meters away JERUSALEM (AP) — A new round of Israeli airstrikes in Yemen has targeted the Houthi rebel-held capital of Sanaa and multiple ports. The World Health Organization’s director-general said Thursday's bombardment took place just “meters away” as he was about to board a flight in Sanaa. He says a crew member was hurt. The strikes followed several days of Houthi attacks and launches setting off sirens in Israel. Israel's military says it attacked infrastructure used by the Houthis at the airport in Sanaa, power stations and ports. The Israeli military later said it wasn’t aware that the WHO chief was at the location in Yemen. At least three people were reported killed and dozens injured in the Sanaa airport strike. Holiday shoppers increased spending by 3.8% despite higher prices New data shows holiday sales rose this year even as Americans wrestled with still high prices in many grocery necessities and other financial worries. According to Mastercard SpendingPulse, holiday sales from the beginning of November through Christmas Eve climbed 3.8%, a faster pace than the 3.1% increase from a year earlier. The measure tracks all kinds of payments including cash and debit cards. This year, retailers were even more under the gun to get shoppers in to buy early and in bulk since there were five fewer days between Thanksgiving and Christmas. Mastercard SpendingPulse says the last five days of the season accounted for 10% of the spending. Sales of clothing, electronics and Jewelry rose.State employees sent a deluge of comments asking lawmakers for higher pay to address high turnover and rising costs of living. The Change in Employee Compensation Committee on Dec. 20 received an overview of the more than 1,700 responses seeking comment as the group prepares to make a recommendation to the state’s budget writers. Human Resources Administrator Janelle White told members she recommends a 4% increase to employee salaries or a $1.25 an hour increase, with discretion given to agencies to decide to implement either the percentage increase or dollar amount. She recommended a 5.5% increase for IT/engineering employees, which has a turnover rate of nearly 26%. “When employees leave the state it has a profound and lasting impact on the bottom line in our ability to deliver services,” White said. “The hidden cost of turnover is frequently overlooked yet its consequences are very costly to the state.” Statewide, the average turnover rate was around 19% last year, White said. She estimated that it cost roughly $301 million to replace 19.2% of Idaho’s state employee workforce. In 2023, White presented the committee a report detailing how far behind Idaho’s compensation was in comparison to the public and private sector and recommended greater increases for public safety, IT/engineering, and nursing and health care staff pay. White recommended last week that lawmakers implement the IT/engineering salary structure improvement this coming session. She said that the average market salary for these positions is around $36,000 a year more than the average state salary. Primary state employees who don’t fall into specialized categories fall about $22,250 behind the average market salary. In fiscal year 2024, Idaho spent about 21% of the state budget on personnel at around $1.9 billion; the recommendation White provided would bring this to about $2.3 billion, she said. Alberto Gonzalez, head of the Office of Information Technology Services, told the committee that state IT employees created the “backbone of our cybersecurity infrastructure.” “I think not investing increases our chance of cyber attack,” he said. Idaho State Police Director Col. Bill Gardiner told lawmakers that several regions in the state faced particularly high turnover and vacancy rates, such as near Lewiston. The district has eight vacant patrol positions, which leaves 13 current troopers patrolling a 13,000-square-mile area, he said. Most of the public comment the committee received came from Idaho Transportation Department staff, with close to 350 respondents, as well as more than 150 responses each from Idaho State Police, the Department of Health and Welfare, and Boise State University. Many of the comments from ITD employees focused on high turnover and its impact on the workload of remaining employees, cost of living, and the safety concerns of working near high-speed traffic. One Idaho Falls-based employee said their compensation of $25.12 an hour allows them to “meet basic living expenses,” but it “is increasingly inadequate to keep pace with the growing costs of housing, fuel and groceries.” The employee also underscored the risk of working near traffic traveling 80 mph. A North Idaho state trooper who’s been with the agency for 15 years said they have seen the housing market skyrocket and the impact that has had on recruitment and retention in the area. “I’ve observed Troopers work long shifts covering crashes, arrests, pursuits, and other heinous acts which changes a person’s life, only to return to their small camper parked on someone else’s property because that’s all they could afford based off the provided wage,” the trooper wrote. The longtime officer asked lawmakers to consider existing employees when changing the structure to avoid pay compression — in which new hires in a competitive market end up making more than, or nearly as much as, longstanding employees. The state’s retirement and health plans are often touted as a recruitment tool, but aren’t as highly regarded, comments indicated. “While benefits are valued, employees feel they no longer sufficiently offset the low wages or the competitive advantage compared to private sector jobs,” legislative Budget and Policy Analyst Frances Lippitt said. Costs related to inflation came up on 381 of the responses, Lippitt said. A number of emailed comments mentioned the approximately $5,000 pay bump for legislators recommended by the Citizens’ Committee on Legislative Compensation in November, the Idaho Capital Sun reported. The citizens’ committee does not include legislators, but the Legislature may reject or reduce the recommended rates by concurrent resolution. “I advocate that all state employees get paid appropriately, to meet the cost of living,” one health department employee wrote. “... I also assert that if the state legislature wants a raise, that the same raise should apply to every state employee. Otherwise, if the legislators truly want to be leaders, they have no right to a raise until state staff meet the cost of living.” The committee did not make a decision and is scheduled to meet again Jan. 7 and Jan. 9.