Pelote's 24 lead Western Carolina over Milligan 78-69IRVING, Texas , Dec. 10, 2024 /PRNewswire/ -- The Board of Directors of Caterpillar Inc. (NYSE: CAT) voted today to maintain the quarterly dividend of one dollar and forty-one cents ($1.41) per share of common stock, payable Feb. 20, 2025 , to shareholders of record at the close of business on Jan. 21, 2025 .
Investors quickly revisited strategies of the first after President-elect Donald Trump vowed new tariffs on Mexico, Canada, and China. His posts on the Truth Social platform reignited volatility in the foreign exchange market, sending the U.S. dollar soaring against the peso, loonie, and yuan. However, mature traders took his rhetoric as a continuation of his negotiation tactics that they now had better tools to deal with. Economic Effects on Global Markets As reported by earlier, Trump proposed 25% tariffs on imports from Mexico and Canada, linked to drug and immigration problems, and 10% on Chinese goods due to fentanyl-related issues. The latter has raised concerns about disruptions in the economy while heralding his familiar approach toward using tariffs as leverage in trade negotiations. The Mexican peso and Canadian dollar dropped by over 2% and 1.4%, respectively, before stabilizing. Meanwhile, the Chinese yuan hit a four-month low against the dollar. Automotive and manufacturing stocks, particularly those reliant on Mexico, faced sell-offs. Honda's shares dropped 2%, reflecting unease over trade repercussions. Chinese officials noted that drug interdiction efforts have improved and reaffirmed no party wins in trade wars. Experts do think that China could step up its drive toward greater technological independence. "China already has a template to deal with tariffs in reference to Trump 1.0," Simon Yu, the vice general manager at Panyao Asset Management in Shanghai, said. Yu added that with regard to tech-related punishments, China could have a solution to combat it through "import substitution" and self-reliance. "Regarding other clampdowns such as tech-related sanctions, China may accelerate the process of self-reliance and import substitution." Another expert, Robert St. Clair, the head of investment strategy at Fullerton Fund Management in Singapore, said that any finalized packaging could spell a slight difference from the starting positions. He added that Trump is all-in on his anti-inflation goals that's why he would continue to improve domestic manufacturing and competitiveness in the country. Therefore, this suggests, that US imports cannot be extreme to an extent. The New Normal We Should Accept While the presidential announcements surprised markets, investors anticipate that negotiations will eventually moderate the threat of even the most inflammatory rhetoric, reports. For example, Fullerton Fund Management's Robert St Clair opined that Trump's anti-inflation program would require tariffs not to harm U.S. manufacturing competitiveness. Speaking of tariffs, even for the big change that is about to come. Gaming gears, according to Tech Times are expected to increase in prices so it's recommended to buy them before the Trump inauguration. Volatility Looms Ahead Trump's unpredictable style casts a layer of uncertainty over financial markets. His propensity to make policy changes through social media increases headline risks, and thus investors need to hedge their bets. However, experienced traders remember similar market behavior during Trump's first term, hence equipping them with strategies to overcome the storm. Preparing for Policy Changes The financial world braces for another chapter of trade negotiations under Trump's administration. While his policies introduce volatility, they also offer opportunities for those willing to adapt. As one strategist aptly put it, "It feels like we've just had a time warp back to 2016." Markets may be jittery, but they are also prepared.
Convicted SC killer Alex Murdaugh files appeal of double murder conviction
No. 22 Xavier aims to keep its perfect record intact Monday night in Fort Myers, Fla., when it takes on South Carolina in the Fort Myers Tip-Off. The Musketeers (5-0) are coming off an 80-55 victory on Wednesday over Siena, while the Gamecocks (3-2) beat Mercer on Thursday 84-72. Against Mercer, South Carolina sank a season-best 12 3-pointers -- tied for the fourth-most in a single game under third-year coach Lamont Paris. Jamarii Thomas, a senior transfer from Norfolk State, had 19 points and swished 4 of 5 shots from behind the arc. "Thomas got some good, clean looks," Paris said. "It was good to see those guys make their shots. Hopefully it gets those guys going in the right direction." On the season, the Gamecocks are making 7.8 3-pointers per game and shooting 32.5 percent from deep. Senior guard Jacobi Wright makes a team-best 1.8 3-pointers per game and shoots 37.5 percent from behind the arc. At 13.0 ppg, he is second on the team behind Collin Murray-Boyles (15.8). Xavier is allowing eight makes from deep per game and is letting opponents shoot 38.5 percent from behind the arc, which ranks 337th in the country. And despite an undefeated record so far for the Musketeers, third-year coach Sean Miller is worried about his players developing bad habits. "We have a virus that everybody is looking at the stat sheet, trying to get as many points as they possibly can," Miller said after the win over Siena. "They want to win, but they really want to win and score. We need a couple of guys that are willing to rebound, defend, make the extra pass, play at a high level defensively and understand what makes a team great." Marcus Foster did a decent job of doing a little bit of everything for Xavier against Siena, piling up 12 points, five rebounds, five assists and a steal. It was the first double-digit scoring outing for Foster -- a grad transfer from Furman -- in a Xavier uniform. Since 2008, Xavier is 25-11 against teams from the Southeastern Conference, but it hasn't played South Carolina in that stretch. --Field Level Media
No. 23 Texas A&M aims to hand Oregon first loss at Players EraSurveillance tech advances by Biden could aid in Trump’s promised crackdown on immigration
ANOKA, Minn.--(BUSINESS WIRE)--Nov 25, 2024-- Vista Outdoor Inc. (“Vista Outdoor”, the “Company”) (NYSE: VSTO) today announced that its stockholders voted to approve the sale of The Kinetic Group to Czechoslovak Group a.s. (“CSG”) (the “CSG Transaction”) at its special meeting of stockholders held earlier today. Vista Outdoor and CSG have received all regulatory approvals required under the merger agreement for the CSG Transaction and intend to close the CSG Transaction on November 27, 2024. Under the terms of the CSG Transaction, Vista Outdoor stockholders will receive $25.75 in cash and one share of Revelyst common stock for each share of Vista Outdoor common stock they hold. “We are thrilled to have received overwhelming support from our stockholders for the compelling transaction with CSG,” said Michael Callahan, Chairman of the Vista Outdoor Board of Directors. “The CSG transaction maximizes value for our stockholders, while also providing an ideal home for our leading ammunition brands and significant opportunities for our employees.” Based on the vote count from the special meeting of stockholders, approximately 97.89% of votes cast were in favor of the CSG Transaction, representing approximately 82.57% of all outstanding shares. The final voting results will be reported in a Form 8-K filed with the U.S. Securities and Exchange Commission. Following the closing of the CSG Transaction, Revelyst will begin trading on the New York Stock Exchange under the ticker “GEAR”. Subject to the receipt of necessary regulatory approvals and satisfaction of other customary closing conditions, funds managed by Strategic Value Partners, LLC (“SVP”) will subsequently acquire Revelyst in an all-cash transaction based on an enterprise value of $1.125 billion (the “SVP Transaction”), subject to a net cash adjustment. At the closing of the SVP Transaction, Revelyst stockholders will receive an estimated $19.25 in cash per share of Revelyst common stock 1. The SVP Transaction is on track to close by January 2025. No separate approval of the SVP Transaction by Vista Outdoor stockholders is required. Morgan Stanley & Co. LLC is acting as sole financial adviser to Vista Outdoor and Cravath, Swaine & Moore LLP is acting as legal adviser to Vista Outdoor. Moelis & Company LLC is acting as sole financial adviser to the independent directors of Vista Outdoor and Gibson, Dunn & Crutcher LLP is acting as legal adviser to the independent directors of Vista Outdoor. About Vista Outdoor Inc. Vista Outdoor (NYSE: VSTO) is the parent company of more than three dozen renowned brands that design, manufacture and market sporting and outdoor products. Brands include Bushnell, CamelBak, Bushnell Golf, Foresight Sports, Fox Racing, Bell Helmets, Camp Chef, Giro, Simms Fishing, QuietKat, Stone Glacier, Federal Ammunition, Remington Ammunition and more. Our reporting segments, Outdoor Products and Sporting Products, provide consumers with a wide range of performance-driven, high-quality and innovative outdoor and sporting products. For news and information, visit our website at www.vistaoutdoor.com Forward-Looking Statements Some of the statements made and information contained in this press release, excluding historical information, are “forward-looking statements,” including those that discuss, among other things: Vista Outdoor Inc.’s (“Vista Outdoor”, “we”, “us” or “our”) plans, objectives, expectations, intentions, strategies, goals, outlook or other non-historical matters; projections with respect to future revenues, income, earnings per share or other financial measures for Vista Outdoor; and the assumptions that underlie these matters. The words “believe,” “expect,” “anticipate,” “intend,” “aim,” “should” and similar expressions are intended to identify such forward-looking statements. To the extent that any such information is forward-looking, it is intended to fit within the safe harbor for forward-looking information provided by the Private Securities Litigation Reform Act of 1995. Numerous risks, uncertainties and other factors could cause our actual results to differ materially from the expectations described in such forward-looking statements, including the following: risks related to the previously announced transaction among Vista Outdoor, Revelyst, Inc., CSG Elevate II Inc., CSG Elevate III Inc. and CZECHOSLOVAK GROUP a.s. (the “CSG Transaction”) and risks related to the previously announced transaction among Vista Outdoor, Revelyst, Olibre LLC and Cabin Ridge, Inc. (the “SVP Transaction”) including (i) the possibility that any or all of the various conditions to the consummation of the CSG Transaction or the SVP Transaction may not be satisfied or waived, including the failure to receive any required regulatory approvals from any applicable governmental entities (or any conditions, limitations or restrictions placed on such approvals), (ii) the possibility that competing offers or acquisition proposals may be made, (iii) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement relating to the CSG Transaction or the SVP Transaction, including in circumstances which would require Vista Outdoor or Revelyst, as applicable, to pay a termination fee, (iv) the effect of the announcement or pendency of the CSG Transaction or the SVP Transaction on our ability to attract, motivate or retain key executives and employees, our ability to maintain relationships with our customers, vendors, service providers and others with whom we do business, or our operating results and business generally, (v) risks related to the CSG Transaction or the SVP Transaction diverting management’s attention from our ongoing business operations, (vi) that the CSG Transaction or the SVP Transaction may not achieve some or all of any anticipated benefits with respect to either business segment and that the CSG Transaction or the SVP Transaction may not be completed in accordance with our expected plans or anticipated timelines, or at all, and (vii) that the consideration paid to Revelyst stockholders in connection with the SVP Transaction cannot be determined until the consummation of the SVP Transaction as it is subject to certain adjustments related to the net cash of Revelyst as of the closing of the SVP Transaction and the management team’s current estimate of the consideration may be higher or lower than the actual consideration paid to Revelyst stockholders in connection with the SVP Transaction due to the actual cash flows prior to the closing of the SVP Transaction or other factors; impacts from the COVID-19 pandemic on our operations, the operations of our customers and suppliers and general economic conditions; supplier capacity constraints, production or shipping disruptions or quality or price issues affecting our operating costs; the supply, availability and costs of raw materials and components; increases in commodity, energy, and production costs; seasonality and weather conditions; our ability to complete acquisitions, realize expected benefits from acquisitions and integrate acquired businesses; reductions in or unexpected changes in or our inability to accurately forecast demand for ammunition, accessories, or other outdoor sports and recreation products; disruption in the service or significant increase in the cost of our primary delivery and shipping services for our products and components or a significant disruption at shipping ports; risks associated with diversification into new international and commercial markets, including regulatory compliance; our ability to take advantage of growth opportunities in international and commercial markets; our ability to obtain and maintain licenses to third-party technology; our ability to attract and retain key personnel; disruptions caused by catastrophic events; risks associated with our sales to significant retail customers, including unexpected cancellations, delays, and other changes to purchase orders; our competitive environment; our ability to adapt our products to changes in technology, the marketplace and customer preferences, including our ability to respond to shifting preferences of the end consumer from brick and mortar retail to online retail; our ability to maintain and enhance brand recognition and reputation; our association with the firearms industry, others’ use of social media to disseminate negative commentary about us, our products, and boycotts; the outcome of contingencies, including with respect to litigation and other proceedings relating to intellectual property, product liability, warranty liability, personal injury, and environmental remediation; our ability to comply with extensive federal, state and international laws, rules and regulations; changes in laws, rules and regulations relating to our business, such as federal and state ammunition regulations; risks associated with cybersecurity and other industrial and physical security threats; interest rate risk; changes in the current tariff structures; changes in tax rules or pronouncements; capital market volatility and the availability of financing; our debt covenants may limit our ability to complete acquisitions, incur debt, make investments, sell assets, merge or complete other significant transactions; foreign currency exchange rates and fluctuations in those rates; general economic and business conditions in the United States and our markets outside the United States, including as a result of the war in Ukraine and the imposition of sanctions on Russia, the conflict in the Gaza strip, the COVID-19 pandemic or another pandemic, conditions affecting employment levels, consumer confidence and spending, conditions in the retail environment, and other economic conditions affecting demand for our products and the financial health of our customers. You are cautioned not to place undue reliance on any forward-looking statements we make, which are based only on information currently available to us and speak only as of the date hereof. A more detailed description of risk factors that may affect our operating results can be found in Part 1, Item 1A, Risk Factors, of our Annual Report on Form 10-K for fiscal year 2024, and in the filings we make with the SEC from time to time. We undertake no obligation to update any forward-looking statements, except as otherwise required by law. 1 Based on management estimates, including an assumption the SVP Transaction closes on December 31, 2024. View source version on businesswire.com : https://www.businesswire.com/news/home/20241125635762/en/ CONTACT: Investor: Tyler Lindwall Phone: 612-704-0147 Email:investor.relations@vistaoutdoor.comMedia: Eric Smith Phone: 720-772-0877 Email:media.relations@vistaoutdoor.com KEYWORD: MINNESOTA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: RETAIL OTHER CONSUMER CONSUMER OTHER RETAIL MANUFACTURING OTHER MANUFACTURING SOURCE: Vista Outdoor Inc. Copyright Business Wire 2024. PUB: 11/25/2024 04:01 PM/DISC: 11/25/2024 04:01 PM http://www.businesswire.com/news/home/20241125635762/en
BIG TEN THIS WEEK
Kent Nishimura/Getty Images News The premature September cut The Fed started the easing cycle in September with the jumbo 50bpt cut, and followed with another 25bpt cut in November. The easing cycle started in response to the weak July Analyst’s Disclosure: I/we have a beneficial short position in the shares of SPX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.Province aims to create Alberta Drilling Accelerator test site to support new technologies
Canon U.S.A. Earns BenchmarkPortal’s Prestigious Center of Excellence Certification for 16th Consecutive Year Canon U.S.A. has received BenchmarkPortal’s esteemed certification as a Center of Excellence for Customer Solutions for the 16th consecutive year. BenchmarkPortal, renowned for its rigorous evaluation criteria, again awarded this honor to Canon, citing the company’s consistent dedication to efficiency and effectiveness in its Customer Solutions Center. The certification is granted to contact centers ranking in the top 10 percent, following meticulous audits and comparisons of performance indicators among peer organizations. The evaluation prioritizes Canon’s Customer Solutions Center’s outstanding performance across cost and quality-related parameters, surpassing industry benchmarks. “Maintaining high levels of excellence in the center over a period of years is a wonderful testimony to the contact center management team, the frontline agents – as well as senior managers, who support and encourage this excellence,” says . “Canon U.S.A., Inc.’s contact center professionals have shown exceptional dedication and results, for which I commend them.” Canon joins an elite group of only 10 companies worldwide to achieve the Center of Excellence certification for 16 consecutive years. “We are pleased to once again earn this prestigious certification and are proud to be recognized by BenchmarkPortal for a 16th consecutive year,” says . “This honor is a testament to Canon’s tireless pursuit of providing strong service and support to our customers. We appreciate the collective efforts and commitment of our Customer Solutions Center team, who embody Canon’s commitment to providing outstanding service delivery.”NoneKirk LaPointe: Alberta's 'get things done' edge leaves B.C. behind in investment race
Inspiring Travel: DFW Airport Announces Global Call for Artists as Part of Modernization ProgramLOS ANGELES — UCLA might have lost its chance at playing in a bowl game, but there’s still important outcomes at stake Saturday when the Bruins take on Fresno State. “I think the biggest thing here is you just want to go out and have a competitive spirit,” linebacker Carson Schwesinger said at the Bruins’ Tuesday practice. “You could say there’s not much to play for, and stuff like that, but I think, with this team too, you have a lot of competitive people, so you line it up at any time, we’re going to go out there and play our hardest.” There’s a collective desire to conclude a season laden with low points on a high one. There are also individual objectives on the line. For those with aspirations to play at the next level, it’s another chance to showcase talent and put quality reps on film. For the underclassmen hoping to step into the place of those departing, it’s another chance to prove they belong on the field and would flourish with additional snaps. And for others, like Schwesinger, rewarding accolades are up for grabs. On Monday, the redshirt junior was announced as one of five finalists for the Butkus Award, which is given annually to the nation’s best linebacker. Schwesinger has recorded double-digit tackles in eight of the Bruins’ last nine games, peaking with 17 in a loss at Washington on Nov. 15. He also snagged two interceptions the week before that in UCLA’s victory over Iowa. Schwesinger’s journey to an elite, game-wrecking defensive captain is a testament to his work ethic and his discipline to be able to keep his head down and not say much, as he put it. When he does speak, it’s rarely about himself. “It’s technically a one-person award,” he said about the Butkus Award, “but that’s a whole team award.” One of the individuals who helped him become a finalist for the Butkus Award has a chance at his own hardware. On Tuesday, Bruins defensive coordinator Ikaika Malloe was named one of the 65 nominees for the Broyles Award for the nation’s top assistant coach. “Coach Malloe is a great guy,” defensive end Oluwafemi Oladejo said Tuesday. “Yeah, he’s a good football coach, but he’s also a life coach.” On multiple occasions this season, Malloe has been overcome with emotion when expressing how much he wants his unit to improve. He’s now being recognized for those results. Oladejo, who played two seasons at Cal before transferring to UCLA in late 2022, is about to play his last college football game. In his final year of eligibility, he willingly shifted down from linebacker to the defensive line and will have another chance Saturday to showcase his versatility and dominance at his somewhat new position. With Oladejo and potentially Schwesinger, a redshirt junior, soon moving on from UCLA, their younger teammates have one final chance to prove why they should fill those vacated snaps. Defensive lineman Devin Aupiu and linebacker Jalen Woods look like prime candidates to make that jump. Aupiu, a redshirt junior, had his best game of the season against USC on Saturday, highlighted by a strip sack of Trojans quarterback Jayden Maiava. Woods had a season-high six tackles. “Last game, he played a lot of snaps and played really good,” Schwesinger said of Woods. “Same thing (this Saturday), just keep that momentum going.” Schwesinger nodded his head when asked if he was aware of the history of success Fresno State holds in its matchup with the Bruins. The Bulldogs have won the past four games between the programs, and while that last one came a year before Schwesinger arrived in Westwood, he knows how important it would be to be part of the group that returns to the win column. “We’re coming out ready to compete,” he said.
By MARY CLARE JALONICK, STEPHEN GROVES and KEVIN FREKING WASHINGTON (AP) — President-elect Donald Trump’s allies on Capitol Hill rallied around Pete Hegseth , Trump’s Pentagon pick, on Thursday even as new details surfaced about allegations that he had sexually assaulted a woman in 2017. The GOP embrace of Hegseth came as another controversial Trump nominee, Matt Gaetz, withdrew from consideration for attorney general. Gaetz said it was clear he had become a “distraction” amid pressure on the House to release an ethics report about allegations of his own sexual misconduct. An attorney for two women has said that his clients told House Ethics Committee investigators that Gaetz paid them for sex on multiple occasions beginning in 2017, when Gaetz was a Florida congressman. Fresh questions over the two nominees’ pasts, and their treatment of women, arose with Republicans under pressure from Trump and his allies to quickly confirm his Cabinet. At the same time, his transition has so far balked at the vetting and background checks that have traditionally been required. While few Republican senators have publicly criticized any of Trump’s nominees, it became clear after Gaetz’s withdrawal that many had been harboring private concerns about him. Oklahoma Sen. Markwayne Mullin, who served with Gaetz in the House, said it was a “positive move.” Mississippi Sen. Roger Wicker said it was a “positive development.” Maine Sen. Susan Collins said Gaetz “put country first and I am pleased with his decision.” After meeting with Hegseth, though, Republicans rallied around him. “I think he’s going to be in pretty good shape,” said Wicker, who is expected to chair the Senate Armed Services Committee in the next Congress. Republican senators’ careful words, and their early reluctance to publicly question Trump’s picks, illustrated not only their fear of retribution from the incoming president but also some of their hopes that the confirmation process can proceed normally, with proper vetting and background checks that could potentially disqualify problematic nominees earlier. Gaetz withdrew after meeting with senators on Wednesday. Sen. Thom Tillis said Gaetz was “in a pressure cooker” when he decided to withdraw, but suggested that it would have little bearing on Trump’s other nominees. “Transactions — one at a time,” he said. As the Hegseth nomination proceeds, Republicans also appear to be betting that they won’t face much backlash for publicly setting aside the allegations of sexual misconduct — especially after Trump won election after being found liable for sexual abuse last year. Hegseth held a round of private meetings alongside incoming Vice President JD Vance on Thursday in an attempt to shore up support and told reporters afterward: “The matter was fully investigated and I was completely cleared, and that’s where I’m gonna leave it.” A 22-page police report report made public late Wednesday offered the first detailed account of the allegations against him. A woman told police that she was sexually assaulted in 2017 by Hegseth after he took her phone, blocked the door to a California hotel room and refused to let her leave. The report cited police interviews with the alleged victim, a nurse who treated her, a hotel staffer, another woman at the event and Hegseth. Hegseth’s lawyer, Timothy Palatore, said the incident was “fully investigated and police found the allegations to be false.” Hegseth paid the woman in 2023 as part of a confidential settlement to head off the threat of what he described as a baseless lawsuit, Palatore has said. Wicker played down the allegations against Hegseth, a former Fox News host, saying that “since no charges were brought from the authorities, we only have press reports.” Sen. Bill Hagerty, R-Tenn., said after his meeting with Hegseth that he “shared with him the fact that I was saddened by the attacks that are coming his way.” Hagerty dismissed the allegations as “a he-said, she-said thing” and called it a “shame” that they were being raised at all. The senator said attention should instead be focused on the Defense Department that Hegseth would head. It’s one of the most complex parts of the federal government with more than 3 million employees, including military service members and civilians. Sexual assault has been a persistent problem in the military, though Pentagon officials have been cautiously optimistic they are seeing a decline in reported sexual assaults among active-duty service members and the military academies. Wyoming Sen. John Barrasso, who will be the No. 2 Republican in the Senate next year, said after his meeting with Hegseth that the nominee is a strong candidate who “pledged that the Pentagon will focus on strength and hard power – not the current administration’s woke political agenda.” Related Articles National Politics | Democrats strike deal to get more Biden judges confirmed before Congress adjourns National Politics | Several of Trump’s Cabinet picks — and Trump himself — have been accused of sexual misconduct National Politics | New study shows voting for Native Americans is harder than ever National Politics | Was it all a joke? How stand-up comedy helped reelect Trump National Politics | California teachers are cursing Donald Trump in the classroom. Is it their right? Senate Republicans are under pressure to hold hearings once they take office in January and confirm nominees as soon as Trump is inaugurated, despite questions about whether Trump’s choices will be properly screened or if some, like Hegseth, have enough experience for the job. Senate Armed Services Chairman Jack Reed, who will be the top Democrat on the panel next year, said the reports on Hegseth “emphasized the need for a thorough investigation by the FBI on the background of all the nominees.” It takes a simple majority to approve Cabinet nominations, meaning that if Democrats all opposed a nominee, four Republican senators would also have to defect for any Trump choice to be defeated. Trump has made clear he’s willing to put maximum pressure on Senate Republicans to give him the nominees he wants – even suggesting at one point that they allow him to just appoint his nominees with no Senate votes. But senators insist, for now, that they are not giving up their constitutional power to have a say. “The president has the right to make the nominations that he sees fit, but the Senate also has a responsibility for advice and consent,” said Republican Sen. Mike Rounds of South Dakota. In the case of Gaetz, he said, “I think there was advice offered rather than consent.”NEW YORK (AP) — U.S. stock indexes drifted lower in the runup to the highlight of the week for the market, the latest update on inflation. The S&P 500 slipped 0.3% Tuesday and marked its first back-to-back losses in three weeks. The Dow Jones Industrial Average fell 0.3%, and the Nasdaq composite also fell 0.3%. Oracle dragged on the market after reporting weaker growth than analysts expected. Treasury yields rose in the bond market ahead of Wednesday’s inflation report, which will be among the final big pieces of data before the Federal Reserve’s meeting on interest rates next week. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. NEW YORK (AP) — U.S. stock indexes are drifting lower Tuesday in the runup to the highlight of the week for the market, the latest update on inflation that’s coming on Wednesday. The S&P 500 dipped by 0.2% in late trading, a day after pulling back from its latest all-time high . The index is on track for its first back-to-back losses in more than three weeks, as momentum slows following a big rally that has it on track for one of its best years of the millennium . The Dow Jones Industrial Average was down by 7 points, or less than 0.1%, with roughly an hour remaining in trading, and the Nasdaq composite fell 0.3%. Tech titan Oracle dragged on the market and sank 7.8% after reporting growth for the latest quarter that fell just short of analysts’ expectations. It was one of the heaviest weights on the S&P 500, even though CEO Safra Catz said the company saw record demand related to artificial-intelligence technology for its cloud infrastructure business, which trains generative AI models. AI has been a big source of growth that’s helped many companies’ stock prices skyrocket. Oracle’s stock had already leaped nearly 81% for the year coming into Tuesday, which raised the bar of expectations for its profit report. C3.ai fell 2.1% despite reporting a smaller loss for the latest quarter than analysts expected. The AI software company increased its forecast for how big a loss it expects to take this fiscal year from its operations. In the bond market, Treasury yields ticked higher ahead of Wednesday’s report on the inflation that U.S. consumers are feeling. Economists expect it to show roughly similar increases as the month before. That and a report on Thursday about inflation at the wholesale level will be the final big pieces of data the Federal Reserve will get before its meeting next week, where many investors expect the year’s third cut to interest rates . The Fed has been easing its main interest rate from a two-decade high since September to lift the slowing jobs market, after bringing inflation nearly down to its 2% target. Lower rates would help give support to the economy, but they could also provide more fuel for inflation. The yield on the 10-year Treasury rose to 4.22% from 4.20% late Monday. Even though the Fed has been cutting its main interest rate, mortgage rates have been more stubborn and have been volatile since the autumn. That has hampered the housing industry, and homebuilder Toll Brothers’ stock fell 5.2% even though it beat analysts’ expectations for profit and revenue in the latest quarter. CEO Douglas Yearley Jr. said the luxury builder has been seeing strong demand since the start of its fiscal year six weeks ago, an encouraging signal as it approaches the beginning of the spring selling season in mid-January Elsewhere on Wall Street, Alaska Air Group soared 13.6% after raising its forecast for profit in the current quarter. The airline said demand for flying around the holidays has been stronger than expected. It also approved a plan to buy back up to $1 billion of its stock, along with new service from Seattle to Tokyo and Seoul . Boeing climbed 5.2% after saying it's resuming production of its bestselling plane , the 737 Max, for the first time since 33,000 workers began a seven-week strike that ended in early November. Vail Resorts rose 2.7% after the ski resort operator reported a narrower first-quarter loss than expected in what is traditionally its worst quarter. In stock markets abroad, indexes were mixed in China after the world’s second-largest economy said its exports rose by less than expected in November. Stocks rose 0.6% in Shanghai but fell 0.5% in Hong Kong. ___ AP Business Writers Matt Ott and Elaine Kurtenbach contributed. Stan Choe, The Associated Press
Your child’s ski boots can impact their overall skiing experience and may even undermine their love for the sport if they find the boots awkward fitting and uncomfortable. In addition to comfort, the ability to retain warmth and be breathable are important qualities your kid’s ski boot should have. If your child is ready to hit the slopes and you’re looking for the ideal pair of boots, ensure you choose one that provides comfort and inspires confidence, such as our top pick, Fischer Junior/Kids RC4 60 Thermoshape Alpine On/Off-Piste Ski Boots . There are several types of ski boots for kids, such as rear-entry and front-entry designs as well as performance and adjustable boot options. Rear-entry boots allow your child to slip in their feet from the back, while front entry includes a tongue that opens forward and allows the child to slide in their foot from the top. Another type is performance boots, which are made for older kids who want a better performance from their footwear. The adjustable ski boot is another option, and it is a great choice for kids who grow out of their footwear quickly. It’s easy to think your child’s boots are too small because they feel stiff and tight, but some boots are designed to be stiff. To avoid making a mistake with the sizing, take your child with you to the ski shop to get them sized. You can speak to a ski technician to learn more about the fit process. Let your child try on the boot with the liner while wearing socks. If the liner is tight, then the boots may be too small. If your child is just starting with skiing and is only confident skiing on green runs, they are considered a beginner. Their category is intermediate if they can ski confidently on the blue square terrains. However, they are advanced if they can ski anything on the mountain. Kids’ ski boots usually come with ratings depending on their experience level. The boots with a lower flex rating are designed for beginners and are comfortable to wear but deliver less on performance. Those with a higher rating are usually less comfortable but provide better performance. Some children may end up abandoning skiing because they’d rather be doing something else other than constantly taking their boots on and off. Front-entry and rear-entry ski boots are easy to wear, so choose either of these options for a fussy child. Your child’s boots should grip the floor properly to minimize their chance of falling when skiing. This feature is known as slip resistance and is often determined by the type of material used to fabricate the outsole of the boots. Generally, slip-resistant soles are textured and made of rubber. Waterproof ski boots are made of nonporous materials and can keep your child’s feet dry even when submerged in water. There are water-resistant boots designed to repel water, but these won’t prevent your child’s feet from getting wet in heavy rain or snow. Most kids’ ski boots cost $25-$40. Some expensive options are made with high-quality waterproof material, costing up to $60. A. Ski boots have a different sizing for shoes, called Mondo sizing, which measures the inside of the foot. To get the right size for your child, use a tape measure to measure the length of their feet, then check the size chart to get the correct size. A. If your child is just starting with skiing, choose a pair of boots that can easily flex, like front-entry ski boots. Fischer Junior/Kids RC4 60 Thermoshape Alpine On/Off-Piste Ski Boots What you need to know: These ski boots are an excellent choice for beginner skiers thanks to their soft flex design and thermoformable technology. What you’ll love: These Soma-Tec boots are designed to enable maximum control and prevent the ankle and knee joints from twisting when skiing. They also include a micro-adjustable buckle system for quick and easy adjustment. They feature a thermoformable boot liner designed to give an adapted fit. What you should consider: Some users mentioned that the sizing isn’t accurate. Salomon T3 RT Ski Boots What you need to know: These ski boots come in three unique colors and are suitable for both boys and girls. What you’ll love: These boots are made with polyurethane, which gives them unique durability. They are also easy to put on or off and include micro-adjustments in the buckle to ensure a custom fit. What you should consider: They might run small for children with big feet. Rossignol Comp J4 Ski Boots Kid’s What you need to know: These ski boots are designed with comfort in mind thanks to their comfort liners and unique diagonal buckles. What you’ll love: They include liners that are made with soft materials and designed to give optimal comfort and all-day cushioning. They also feature diagonal buckles that offer a more natural foot wrapping and excellent heel support. What you should consider: The buckles are made of thin metal wire, which might not be very durable. Prices listed reflect time and date of publication and are subject to change. Check out our Daily Deals for the best products at the best prices and sign up here to receive the BestReviews weekly newsletter full of shopping inspo and sales. BestReviews spends thousands of hours researching, analyzing and testing products to recommend the best picks for most consumers. BestReviews and its newspaper partners may earn a commission if you purchase a product through one of our links.
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