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US President-elect Donald Trump on Monday praised Japan's SoftBank for its decision to invest $100 billion in the United States and create 100,000 new jobs, a big win for his incoming administration. "This historic investment is a monumental demonstration of confidence in America's future," Trump said during a press conference at his Mar-a-Lago residence in Florida, flanked by SoftBank chief executive Masayoshi Son. "It will help ensure that artificial intelligence, emerging technologies and other industries of tomorrow are built, created and grown right here in the USA," added Trump, who takes office from US President Joe Biden next month. Speaking alongside Trump, Son confirmed the investment company's financial commitment, adding that Trump's victory had "tremendously increased" his confidence in the US economy. "I am truly excited to make this happen," added Son, 67. Son's announcement is around double the amount he committed SoftBank to in December 2016, shortly before Trump began his first term as president. The Japanese investment holding company ultimately parted with around $100 billion through its Vision Fund, with much of the money supplied by sovereign wealth funds in Saudi Arabia and the United Arab Emirates. "President Trump is a double-down president," Son said on Monday, adding: "I'm going to have to double down." Son made his name with successful early investments in Chinese e-commerce titan Alibaba and internet pioneer Yahoo, but has also bet on catastrophic failures such as WeWork. He has repeatedly said that "artificial superintelligence" will arrive in a decade, bringing new inventions, new medicine, new knowledge and new ways to invest. The SoftBank Group posted a bumper second-quarter net profit last month, returning to the black after net losses in the first quarter and the previous financial year. The company indicated back in March that it had $26 billion ready to be deployed for new investments. Stephen Moore, an economic advisor to Donald Trump, said the announcement marked a "great day." "The importation of capital into the US is a huge leading indicator for jobs and prosperity to come," Moore, an economist at the conservative Heritage Foundation, told AFP in a message. On the campaign trail, Trump pledged to boost the US economy by cutting red tape and fast-tracking investments, including into the oil and gas sector. US financial markets surged following his victory on November 5, with the tech-rich Nasdaq Composite index and the broad-based S&P 500 both hitting fresh records. Despite the enthusiasm in the markets, some analysts have voiced concern that Trump's proposals to implement new tariffs on US imports and deport millions of undocumented workers could end up hurting growth, and causing a spike in inflation. "The increased likelihood of substantial new tariffs on US imports would have the most consequential effect on economic growth," economists at Wells Fargo wrote in a recent note to clients, adding they had "bumped up" their inflation outlook and slightly cut their GDP forecast following Trump's win. Other analysts say the impact of Trump's tariff plans will largely depend on how they are actually implemented. "The impact on inflation need not be particularly significant for monetary policy," economists at Goldman Sachs wrote in a recent investor note. But, they added "this could change if the White House imposes a 10 percent universal tariff," referring to one of Trump's proposals on the campaign trail. Speaking in Mar-a-Lago on Monday, Trump insisted that, "properly used," tariffs would be positive for the US economy. "Our country right now loses to everybody," he said. "Almost nobody do we have a surplus with." "Tariffs will make our country rich," he added. da-tu/nro

Hezbollah fires about 250 rockets and other projectiles into Israel in heaviest barrage in weeks BEIRUT (AP) — Hezbollah has fired about 250 rockets and other projectiles into Israel, wounding seven people in one of the militant group’s heaviest barrages in months. Sunday's attacks in northern and central Israel came in response to deadly Israeli strikes in central Beirut on Saturday. Israel struck southern Beirut on Sunday. Meanwhile, negotiators press on with cease-fire efforts to halt the all-out war. And Lebanon's military says an Israeli strike on a Lebanese army center in the southwest killed one soldier and wounded 18 others. Israel's military has expressed regret and said its operations are directed solely against the militants. Israel cracks down on Palestinian citizens who speak out against the war in Gaza UMM AL-FAHM, Israel (AP) — In the year since the war in Gaza broke out, Israel's government has been cracking down on dissent among its Palestinian citizens. Authorities have charged Palestinians with “supporting terrorism” because of posts online or for demonstrating against the war. Activists and rights watchdogs say Palestinians have also lost jobs, been suspended from schools and faced police interrogations. Palestinians make up about 20% of Israel's population. Many feel forced to self-censor out of fear of being jailed and further marginalized in society. Others still find ways to dissent, but carefully. Israel's National Security Ministry counters that, “Freedom of speech is not the freedom to incite.” Somalia says 24 people have died after 2 boats capsized in the Indian Ocean MOGADISHU, Somalia (AP) — Somalia's government says 24 people died after two boats capsized off the Madagascar coast in the Indian Ocean. Somalia’s Foreign Minister Ahmed Moalim Fiqi said 46 people were rescued. Most of the passengers were young Somalis, and their intended destination remains unclear. Many young Somalis embark every year on dangerous journeys in search of better opportunities abroad. A delegation led by the Somali ambassador to Ethiopia is scheduled to travel to Madagascar on Monday to investigate the incident and coordinate efforts to help survivors. Forecasts warn of possible winter storms across US during Thanksgiving week WINDSOR, Calif. (AP) — Forecasters in the U.S. have warned of another round of winter weather that could complicate travel leading up to Thanksgiving. California is bracing for more snow and rain while still grappling with some flooding and small landslides from a previous storm. The National Weather Service has issued a winter storm warning for California's Sierra Nevada through Tuesday, with heavy snow expected at high elevations. Thousands remained without power in the Seattle area on Sunday after a “bomb cyclone” storm system hit the West Coast last week, killing two people. Republicans lash out at Democrats' claims that Trump intelligence pick Gabbard is 'compromised' FORT LAUDERDALE, Fla. (AP) — Republican lawmakers are pushing back against criticism from some Democrats that President-elect Donald Trump’s pick to lead U.S. intelligence services is “compromised” by her comments supportive of Russia and a meeting with an ally of that country. The accusation came from Sen. Tammy Duckworth. The Illinois Democrat says she has concerns about the pro-Russian views expressed by Tulsi Gabbard, who was tapped for the post of director of national intelligence. Duckworth’s comments on Sunday drew immediate backlash from Republicans. The rising price of paying the national debt is a risk for Trump's promises on growth and inflation WASHINGTON (AP) — Donald Trump has big plans for the economy. He also has big debt problem that'll be a hurdle to delivering on those plan. Trump has bold ambitions on tax cuts, tariffs and other programs. But high interest rates and the price of repaying the federal government’s existing debt could limit what he’s able to do. The federal debt stands at roughly $36 trillion, and the spike in inflation after the pandemic has pushed up the government’s borrowing costs such that debt service next year will easily exceed spending on national security. Moscow offers debt forgiveness to new recruits and AP sees wreckage of a new Russian missile KYIV, Ukraine (AP) — Russian President Vladimir Putin has signed a law granting debt forgiveness to new army recruits who enlist to fight in Ukraine. The measure, whose final version appeared on a government website Saturday, underscores Russia’s needs for military personnel in the nearly 3-year-old war, even as it fired last week a new intermediate-range ballistic missile. Russia has ramped up military recruitment by offering increasing financial incentives to those willing to fight in Ukraine. Ukraine’s Security Service on Sunday showed The Associated Press wreckage of the new intermediate-range ballistic missile that struck a factory in the central Ukrainian city of Dnipro on Thursday. After Trump's win, Black women are rethinking their role as America's reliable political organizers ATLANTA (AP) — Donald Trump's victory has dismayed many politically engaged Black women, and they're reassessing their enthusiasm for politics and organizing. Black women often carry much of the work of getting out the vote, and they had vigorously supported the historic candidacy of Kamala Harris. AP VoteCast, a survey of more than 120,000 voters, found that 6 in 10 Black women said the future of democracy was the single most important factor for their vote this year, a higher share than for other demographic groups. But now, some Black women are renewing calls to emphasize rest, focus on mental health and become more selective about what fight they lend their organizing power to. Heavy rains in Bolivia send mud crashing into the capital, leaving 1 missing and destroying homes LA PAZ, Bolivia (AP) — Authorities say that a landslide caused by heavy rains has flooded dozens of homes in La Paz, the capital of Bolivia. It swept away a young girl, spurred evacuations and left parts of the city without electricity. Torrential rain on Saturday caused a river to spill its banks Sunday, dislodging mud from a southwestern La Paz neighborhood where low-slung, shoddily built dwellings dot the hillside. The torrent of debris and soil surged down a narrow ravine early Sunday, wrecking some two dozen homes and flooding another 40. Hours after the rain subsided, rescuers were still searching for the missing 5-year-old girl. Emergency workers saved six residents suffering from hypothermia. 'Wicked' and 'Gladiator' make gravity-defying theater debuts NEW YORK (AP) — “Wicked” and “Gladiator II” have debuted in theaters with a combined $270 million in ticket sales. Their worldwide performance breathed fresh life into global box office results that have struggled lately. Together the films turned the moviegoing weekend into one of the busiest of the year. Jon M. Chu’s lavish big-budget musical “Wicked,” starring Ariana Grande and Cynthia Erivo, debuted with $114 million domestically and $164.2 million globally. Ridley Scott’s “Gladiator II” is a sequel to his 2000 best picture-winning original and launched with $55.5 million in ticket sales. “Moana 2” is being released Wednesday, so it looks like Hollywood might be looking at historic sales over the Thanksgiving holiday.

Explainer-What we know about the US drone sightings causing an online frenzyChandigarh, The Haryana Cabinet on Saturday approved amendments in the Common Eligibility Test policy to remove the grant of five per cent bonus marks to certain candidates based on socioeconomic criteria for government jobs in Group C and D posts. The government decision follows a May 31 order by the high court on the matter. The approval was given in a meeting chaired by Chief Minister Nayab Singh Saini on Saturday, an official statement said. "As per the amendments, the 5 per cent weightage for social economic criteria provided for the bona fide residents of Haryana has been removed. The said amendments have been done as per the directions of the Punjab and Haryana High Court," said the statement. The amended policy will be called Policy for Recruitment to Group C and D posts through Common Eligibility Test, Rule, 2024, it said. In May, the Punjab and Haryana High Court had struck down the state government's policy of granting five per cent bonus marks based on the socioeconomic status of the candidate from the state, in the CET for groups C and D posts. Later, in June, the Supreme Court had upheld the Punjab and Haryana High Court order. The apex court was hearing an appeal filed by the Haryana Staff Selection Commission against the Punjab and Haryana High Court's May 31 order. The statement said, "The Policy for Recruitment to Group C and D posts through Common Eligibility Test, Rule, 2024 shall apply to direct recruitment to Group C posts including the posts of police service, prisons and home guards etc, excluding the teaching posts, ex-Agniveer and Group D posts for which minimum educational qualification is below matriculation..." "Furthermore, after the amendment, now the maximum number of eligible candidates to appear for the skill and/or written examination shall be ten times the total number of posts advertised by the Commission. Earlier, the candidates equal to four times the number of posts advertised were eligible to appear," the statement said. On May 5, 2022, the state government introduced Common Eligibility Test for Group C and D posts. In another decision, the cabinet approved the decision to bring an ordinance for further amending the Haryana Contractual Employees Act, 2024. Under this amendment, the phrase "in a calendar year" will be replaced with "during a period of one year of contractual service." This amendment is being introduced to address request raised by contractual employees regarding the calculation of their service days, the statement said. Employees had requested that the 240-day service requirement be calculated based on the actual number of days during a one-year period of contractual service, instead of a calendar year. The current system posed challenges for employees who joined between May and December, as the service days for their first year of employment were not being fully counted. "For instance, employees whose date of joining falls after May and before December would not meet the 240-day service requirement for their first calendar year of service, thus affecting their job security," it said. "In addition, for the year 2024, employees raised concerns as the number of days until the cut-off date of August 15, 2024, is only 227, which falls short of the required 240 days," it added. In response to these requests, the Haryana Cabinet has approved the amendment to consider 240 days of service during a period of one year of contractual service, thereby addressing these issues and ensuring better job security for contractual employees, it said. Under the Haryana Contractual Employees Act, 2024, the benefit of job security is admissible to those contractual employees who fulfil the five years contractual service before August 15, 2024, the statement added. This article was generated from an automated news agency feed without modifications to text.

Citigroup Inc. lifted its position in shares of Federal Signal Co. ( NYSE:FSS – Free Report ) by 39.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 82,664 shares of the conglomerate’s stock after purchasing an additional 23,310 shares during the period. Citigroup Inc. owned about 0.14% of Federal Signal worth $7,726,000 as of its most recent filing with the Securities and Exchange Commission. Several other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Trust N.A. grew its holdings in Federal Signal by 7.7% during the 3rd quarter. Raymond James Trust N.A. now owns 3,038 shares of the conglomerate’s stock worth $284,000 after acquiring an additional 216 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Federal Signal by 4.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 769,047 shares of the conglomerate’s stock worth $71,875,000 after purchasing an additional 31,517 shares during the period. Intech Investment Management LLC grew its stake in shares of Federal Signal by 44.4% in the third quarter. Intech Investment Management LLC now owns 32,939 shares of the conglomerate’s stock worth $3,078,000 after purchasing an additional 10,134 shares during the last quarter. Moran Wealth Management LLC increased its holdings in Federal Signal by 4.9% in the third quarter. Moran Wealth Management LLC now owns 43,119 shares of the conglomerate’s stock valued at $4,030,000 after purchasing an additional 2,011 shares during the period. Finally, EULAV Asset Management raised its position in Federal Signal by 15.3% during the 3rd quarter. EULAV Asset Management now owns 240,803 shares of the conglomerate’s stock worth $22,505,000 after purchasing an additional 32,000 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock. Federal Signal Stock Down 0.3 % Federal Signal stock opened at $97.56 on Friday. The firm has a market cap of $5.96 billion, a price-to-earnings ratio of 28.28 and a beta of 0.95. Federal Signal Co. has a 52-week low of $68.02 and a 52-week high of $102.18. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83. The firm has a 50 day moving average price of $90.65 and a two-hundred day moving average price of $89.75. Federal Signal Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.48 dividend on an annualized basis and a yield of 0.49%. Federal Signal’s payout ratio is currently 13.91%. Wall Street Analyst Weigh In Separately, DA Davidson reduced their price target on Federal Signal from $94.00 to $90.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Get Our Latest Stock Analysis on Federal Signal About Federal Signal ( Free Report ) Federal Signal Corp. engages in the design and manufacture of products and integrated solutions for municipal, governmental, industrial, and commercial customers. It operates through the Environmental Solutions Group and Safety and Security Systems Group segments. The Environment Solutions Group segment is involved in the manufacture and supply of street sweeper vehicles, sewer cleaners, vacuum loader trucks, hydro-excavation trucks, and water blasting equipment. Featured Stories Receive News & Ratings for Federal Signal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal Signal and related companies with MarketBeat.com's FREE daily email newsletter .

Former Pakistani Prime Minister Imran Khan's political party, Pakistan Tehreek-i-Insaf (PTI), reignited its planned march toward the capital, Islamabad, on Monday. The march, led by Khyber-Pakhtunkhwa Chief Minister Ali Amin Gandapur and Khan's wife Bushra Bibi, proceeded despite significant governmental resistance and legal obstacles. The protestors claim the government has stolen mandates and unjustly arrested PTI supporters. Authorities have banned rallies and blocked routes with shipping containers, but the PTI members have persisted, attempting to remove barriers and continue their journey. As tensions rise, the government cites security concerns, especially amid an official visit from a Belarusian delegation. Arrests have been made, with PTI alleging a conspiracy to disrupt their protests. The escalating situation remains volatile as PTI leaders vow to continue until Khan's release. (With inputs from agencies.)At 71%, highrises tower over 51% slum turnout in MulundThe Ravens looked better defensively last week, but now Roquan Smith's injury is a concern