China and Hong Kong stocks fell sharply on Friday with blue-chip CSI300 and Shanghai Composite posting theirbiggest single-day losses since Oct. 9, dragged down bybig tech firms’ disappointing earningsand investors’ fears over U.S. President-elect Donald Trump’s future policies on China. The Shanghai Composite index .SSEC closed3.06% lower at3,267.19. The CSI300 index .CSI300 lost 3.1%, its financial sector sub-index .CSI300FS eased 3.38%, the consumer staples sector .CSI000912 fell 2.96%, the real estate index .CSI000952 dropped 2.95% and the healthcare sub-index .CSI300HC shed 3.8%. ** Biotech firms .CSI399993 and brokerages .CSI399975 led the decline, slipping morethan 4% each. ** Hong Kong’s HangSeng index .HSI dipped 371.14 points, or 1.89%, to 19,229.97, Hang Seng China Enterprises index .HSCE slid 2.1% to 6,887.05 andHang Seng Tech Index .HSTECH lost 2.6%. ** “It doesn’t look like any single news triggered the major sell-off today...if you look at the sectors heavily hit, it appears market is a bit worried about more upcomingU.S. policy against China,” said Steven Leung, executive director of institutional sales at UOB Kay Hian. ** The Texas governor on Thursday orderedstate agencies to stop investing in China and sell assets there as soon as possible. ** A Reuters poll this week showed the Trump administration could impose nearly 40% tariffs on Chinese importsearly next year. ** Meanwhile, e-commerce giant PDD Holdings PDD.O and search engine operator Baidu 9888.HK posted lower-than-expected third-quarter results, indicating that the economy continues to facechallenges despite the recentstimulus measures. ** Baidu’s Hong Kong shares slumped 8.6% at close after the firm said it has not seen any notable improvement in advertising spending patterns or consumer spending yet. ** Investors are losing patience as there hasn’t been any further official measures afterthe fiscal stimulus failed to meet market expectations, Leung said. ** The smaller Shenzhen index .SZSC lost 3.54% and the start-up board ChiNext Composite index .CNT eased3.985%. Source: Reuters (Reporting by Summer Zhen; Editing by Rashmi Aich and Sumana Nandy)NEW YORK (AP) — Wall Street got back to climbing after the latest update on inflation appeared to clear the way for more help for the economy from the Federal Reserve. The S&P 500 gained 0.8% Wednesday to break a two-day losing streak and finished just short of its all-time high. Big Tech stocks led the way, which drove the Nasdaq composite up 1.8% to top the 20,000 level for the first time. The Dow Jones Industrial Average lagged with a dip of 0.2%. Stocks got a boost as expectations built that the Fed will deliver another cut to interest rates at its meeting next week. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. NEW YORK (AP) — U.S. stock indexes are rising Wednesday after the latest update on inflation appeared to clear the way for more help for the economy from the Federal Reserve . The S&P 500 gained 0.9% and is on track to break its first two-day losing streak in nearly a month. The Dow Jones Industrial Average fell 7 points, or less than 0.1%, as of 2:45 p.m. Eastern time, and the Nasdaq composite climbed 1.8% and was heading for a record. Treasury yields edged higher in the bond market as expectations built that Wednesday’s inflation data will allow the Fed to deliver another cut to interest rates at its meeting next week. Traders are betting on a 95% probability of that, according to data from CME Group, up from 89% a day before. If they’re correct, it would be a third straight cut by the Fed after it began lowering rates in September from a two-decade high. It’s hoping to support a slowing job market after getting inflation nearly all the way down to its 2% target. Lower rates would give a boost to the economy, but they could also provide more fuel for inflation. Wednesday’s report said U.S. consumers paid prices in November that were 2.7% higher than a year earlier. That’s a slight acceleration from October’s inflation rate of 2.6%, but it was exactly what economists were expecting. Another report on inflation at the wholesale level will arrive on Thursday. “The data have given the Fed the ‘all clear’ for next week, and today’s inflation data keep a January cut in active discussion,” according to Ellen Zentner, chief economic strategist for Morgan Stanley Wealth Management. 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 this year , with the latest coming last week. On Wall Street, Stitch Fix jumped 47.8% after the company that sends clothes to your door reported a smaller loss for the latest quarter than analysts expected. It also gave financial forecasts for the current quarter that were better than expected, including for revenue. Albertsons edged down by 0.6% after filing a lawsuit against Kroger, saying it didn’t do enough for their proposed $24.6 billion merger agreement to win regulatory clearance. Albertsons said it’s seeking billions of dollars in damages from Kroger, whose stock rose 0.6%. A day earlier, judges in separate cases in Oregon and Washington nixed the supermarket giants’ merger. The grocers contended a combination could have helped them compete with big retailers like Walmart, Costco and Amazon, but critics said it would hurt competition. After terminating the merger agreement Albertsons said it plans to boost its dividend 25% and increased the size of its program to buy back its own stock. Mondelez, the company behind Oreo and other food brands, climbed 2.2% after announcing a plan to send cash to shareholders by buying back up to $9 billion of its own stock. The program replaces a prior $6 billion plan, which had about $2.8 billion of capacity remaining and would have otherwise expired at the end of next year. On the losing end of Wall Street, Macy’s fell 2.3% after cutting some of its financial forecasts for the full year of 2024, including for how much profit it expects to make off each $1 of revenue. Dave & Buster’s Entertainment sank 18.7% after reporting a worse loss for the latest quarter than expected. It also said CEO Chris Morris has resigned, and the board has been working with an executive-search firm for the last few months to find its next permanent leader. In the bond market, the yield on the 10-year Treasury rose to 4.27% from 4.23% late Tuesday. The two-year Treasury yield, which more closely tracks expectations for the Fed, rose to 4.16% from 4.14%. In stock markets abroad, indexes rose across much of Europe and Asia. Hong Kong’s Hang Seng was an outlier and slipped 0.8% as Chinese leaders convened an annual planning meeting in Beijing that is expected to set economic policies and growth targets for the coming year. South Korea’s Kospi rose 1%, up for a second straight day as it climbs back following last week’s political turmoil where its president briefly declared martial law. ___ AP Writers Matt Ott and Zimo Zhong contributed. Stan Choe, The Associated Press
Predators aim to energize offense vs. surging Maple LeafsIndia dominated day four of the first Test against Australia, showcasing their determination to secure victory. After putting up an impressive score of 487/6 before declaring, India's bowlers took center stage, dismantling Australia's batting lineup. Jasprit Bumrah and Mohammed Siraj led the effort, taking critical early wickets and putting Australia at a precarious 104/5 in just 30 overs. Bumrah and Siraj's effective use of the ball proved to be a nightmare for the opposition, as they struggled to maintain their stance at the crease. Australia's batsmen, including Pat Cummins and Usman Khawaja, were dismissed cheaply, leaving Travis Head and Mitchell Marsh to face an uphill battle. With a solid lead, India remains in a dominant position as the Test unfolds. (With inputs from agencies.)
South Korea’s president briefly declared martial law Tuesday, suspending civil rights, barricading parliament with troops, and putting media under government control. Lawmakers moved to quickly override it, and South Korea’s president said he would lift his declaration. Could such a constitutional crisis happen here in the United States? President-elect Donald Trump has shown some clear authoritarian tendencies . In his first term, he raised the idea of using martial law to stay in power after he lost reelection; he sent in the National Guard to disperse racial-justice protesters; and one of his last days in office, he refused for hours to call off his supporters as they attacked the Capitol.How China Became the World’s Largest Gold Consumer and ProducerIndiana encouraged by 'total team effort' with Miami (OH) up next
Mayor Adams open to deporting migrants accused of crimes, saying they don’t have the same rightsFish Filleting Machines Market Driven by Demand for Immersive Technologies Across Industries
Indiana got what it wanted Tuesday night in a 97-71 rout of Sam Houston State -- a lopsided victory where its bench played well and it didn't have to go down to the wire. The Hoosiers will look for more of the same Friday night in Bloomington when they continue their homestand against nonconference foe Miami (Ohio). Four players scored in double figures for Indiana (6-2) against the Bearkats, including 18 from reserve Luke Goode. The Illinois transfer hit four 3-pointers in less than four minutes of the first half, enabling the Hoosiers to take a 34-12 lead. Led by Goode, Indiana's bench contributed a whopping 36 points. "I thought it was a total team effort on everybody's part," Hoosiers coach Mike Woodson said. "Helps when your bench come off and play the way they did. Goode was fantastic but everybody off the bench played well." Indiana also got an encouraging 19-point performance from point guard Myles Rice, who struggled a bit in the first seven games in terms of making shots and running the offense. Rice (11.1 ppg) is one of four double-figure scorers in an attack led by Mackenzie Mgbako (16.8). Meanwhile, the RedHawks (5-2) are coming off a 73-60 home win Monday against Air Force. Bellarmine transfer Peter Suder poured in a career-high 42 points on 17-of-21 shooting, the highest-scoring game in program history since Wally Szczerbiak scored 43 in 1999. Suder, who averaged 10.5 ppg as a sophomore last season, is up to 17.4 ppg this season. He's hitting 58.8 percent of his field goals while also chipping in 4.0 rebounds, 3.0 assists and 1.6 steals. "I always say players win games, man. Coaches lose games," Miami coach Travis Steele told the Journal-News. "Peter was phenomenal. It was just get out of the way and just let him go." Forward Kam Craft, who Steele landed out of high school when he was still coaching at Xavier, is the RedHawks' second-leading scorer at 14.1 ppg. The Hoosiers have won 22 of the previous 25 meetings, including an 86-56 rout two years ago in Indianapolis. --Field Level MediaNoneChad Chronister, Donald Trump’s pick to run the DEA, withdraws name from consideration
NoneSeibert misses an extra point late as the Commanders lose their 3rd in a row, 34-26 to the Cowboys LANDOVER, Md. (AP) — Austin Seibert missed his second extra point of the game with 21 seconds left after Washington’s Jayden Daniels and Terry McLaurin connected on an 86-yard touchdown, Dallas’ Juanyeh Thomas returned the ensuing onside kick attempt for a touchdown, and the Cowboys pulled out a 34-26 victory Sunday that extended the Commanders’ skid to three games. Seibert was wide left on the point-after attempt following a bad snap. On the ensuing onside kick attempt, Juanyeh Thomas returned it 43 yards for a touchdown as the Cowboys ended their losing streak at five in improbable fashion. Earlier in the fourth quarter, KaVonte Turpin returned a kickoff 99 yards for a TD. Sam Darnold leads game-winning drive in OT and Vikings beat Bears 30-27 after blowing late lead CHICAGO (AP) — Sam Darnold threw for 90 of his 330 yards in overtime to set up Parker Romo’s game-ending 29-yard field goal, and the Minnesota Vikings outlasted the Chicago Bears 30-27 after giving up 11 points in the final 22 seconds of regulation. Darnold threw two touchdown passes, Jordan Addison caught eight passes for a career-high 162 yards and a touchdown, and T.J. Hockenson had 114 yards receiving for the Vikings, who remained one game behind Detroit in the rugged NFC North. Caleb Williams threw for 340 yards and two touchdowns for the Bears, who lost their fifth straight. Patrick Mahomes and Chiefs win at the buzzer again, topping Panthers 30-27 on Shrader's field goal CHARLOTTE, N.C. (AP) — Patrick Mahomes threw for 269 yards and three touchdowns, Spencer Shrader kicked a 31-yard field goal as time expired and the Kansas City Chiefs beat the Carolina Panthers 30-27 to reach double-digit wins for the 10th straight season. The Chiefs bounced back from last week’s 30-21 loss at Buffalo and won at the buzzer yet again in a season of narrow escapes. Noah Brown caught two TD passes and DeAndre Hopkins also had a touchdown catch. Bryce Young finished 21 of 35 for 262 yards and a touchdown for the Panthers, who had their two-game winning streak snapped. No. 1 South Carolina women stunned by fifth-ranked UCLA 77-62, ending Gamecocks' 43-game win streak LOS ANGELES (AP) — Londynn Jones scored 15 points and fifth-ranked UCLA stunned No. 1 South Carolina 77-62. The Gamecocks' overall 43-game winning streak and their run of 33 consecutive road victories were snapped. The Gamecocks, who fell to 5-1, lost for the first time since April 2023. Te-Hina Paopao scored 18 points for South Carolina. The Bruins knocked off a No. 1 team for the first time in school history. The Bruins dominated from start to finish and their defense prevented the Gamecocks from making any sustained scoring runs. AP Top 25: Alabama, Mississippi out of top 10 and Miami, SMU are in; Oregon remains unanimous No. 1 Alabama and Mississippi tumbled out of the top 10 of The Associated Press college football poll and Miami and SMU moved in following a chaotic weekend in the SEC. Oregon is No. 1 for the sixth straight week and Ohio State, Texas and Penn State held their places behind the Ducks. The shuffling begins at No. 5, where Notre Dame returned for the first time since Week 2 after beating Army for its ninth straight win. No. 6 Georgia moved up two spots, No. 7 Tennessee and No. 8 Miami rose three and No. 9 SMU jumped four places. Indiana dropped from No. 5 to No. 10 following its first loss. Thitikul finishes eagle-birdie to win CME Group Tour Championship and claim record $4M prize NAPLES, Fla. (AP) — Down by two shots with two holes to play, Jeeno Thitikul knew exactly what was needed to capture the biggest prize in women’s golf history. And a eagle-birdie finish for the second straight day made it happen. Thitikul claimed the record-setting $4 million first-place check by winning the CME Group Tour Championship on Sunday. It was the biggest money prize in women’s golf history. Thitikul shot a 7-under 65 on Sunday and finished the week at 22 under, one shot ahead of Angel Yin (66). Yin had a two-shot lead walking to the 17th tee, only to wind up settling for the $1 million runner-up check. From Maui to the Caribbean, college hoops' Thanksgiving tournaments a beloved part of the sport College basketball is ready for its Thanksgiving Week closeup. The schedule is full of early season tournaments that could create buzzworthy marquee matchups. And many of those come in warm-weather locations. The Maui Invitational in Hawaii turns 40 years old this year. It opens Monday with a field that includes two-time reigning national champion and second ranked UConn. The Battle 4 Atlantis men's tournament in the Bahamas opens Wednesday. It has a field topped by No. 3 Gonzaga. There are also multiple women's events in the Bahamas featuring ranked teams, including the fourth Atlantis women's tournament. Jannik Sinner leads Italy past the Netherlands for its second consecutive Davis Cup title MALAGA, Spain (AP) — Jannik Sinner clinched Italy's second consecutive Davis Cup title and capped his breakthrough season at the top of tennis by beating Tallon Griekspoor 7-6 (2), 6-2 for a 2-0 win over the Netherlands in the final of the team competition in Malaga, Spain. Matteo Berrettini won Sunday's opening singles match 6-4, 6-2 against Botic van de Zandschulp. The Italians are the first country to win the Davis Cup twice in a row since the Czech Republic in 2012 and 2013. The No. 1-ranked Sinner stretched his unbeaten streak in singles to 14 matches and 26 sets. Netherlands reached the Davis Cup final for the first time. Verstappen still manages to win 4th straight F1 title in one of worst seasons of his Red Bull career LAS VEGAS (AP) — Max Verstappen won an unbelievable 19 races last season that included an incredible streak of 10 in a row in what would arguably go down as one of the greatest years in Formula 1 history. And yet it is this year’s eight-win season — his lowest victory total since 2020 — that Verstappen considers a career-defining campaign. Those eight wins were enough to win him a fourth consecutive F1 championship on Saturday night with his easy drive at the Las Vegas Grand Prix. The championship made Verstappen only the sixth driver in F1 history to win four or more titles. Maverick McNealy birdies the last hole at Sea Island to finally become PGA Tour winner ST. SIMONS ISLAND, Ga. (AP) — Maverick McNealy is finally a winner on the PGA Tour, and it took a shot he won't soon forget. McNealy was part of a four-way tie for the lead when he drilled a 6-iron to 5 feet on the final hole at Sea Island for birdie and a 68. That gave him a one-shot victory over Daniel Berger, Nico Echavarria and Florida State sophomore Luke Clanton. Berger and Henrik Norlander moved into the top 125 to keep full PGA Tour cards for next year. Clanton continued to show his promise. It was his second runner-up finish and fourth top 10 this year.
FIFA confirms 2034 World Cup coming to Saudi Arabia
Sample Preparation Market Future Vision and Growth to 2031, Biotage AB, Danaher Corporation, F Hoffman La Roche, Illumina, Merck KGaA, PerkinElmerChina’s new trade war blow could be fatal for US’s ability to arm itself - The Telegraph
