Stock market today: Wall Street rises toward records despite tariff talkNEW YORK (AP) — U.S. stock indexes drifted 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 0.3%, a day after pulling back from its latest all-time high . They’re the first back-to-back losses for the index in nearly a month, 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 fell 154 points, or 0.3%, and the Nasdaq composite slipped 0.3%. Tech titan Oracle dragged on the market and sank 6.7% 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 more than 80% for the year coming into Tuesday, which raised the bar of expectations for its profit report. 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 similar increases as the month before. Wednesday’s update 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 take pressure off 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. Expectations for a series of cuts through next year have been a big reason the S&P 500 has set so many records this year. Trading in the options market suggests traders aren’t expecting a very big move for U.S. stocks following Wednesday’s report, according to strategists at Barclays. But a reading far off expectations in either direction could quickly change that. 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 to stay high and have been volatile since the autumn. That has hampered the housing industry, and homebuilder Toll Brothers’ stock fell 6.9% even though it delivered profit and revenue for the latest quarter that topped analysts’ expectations. 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 13.2% 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 4.5% 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 2.5% after the ski resort operator reported a smaller first-quarter loss than analysts expected in what is traditionally its worst quarter. All told, the S&P 500 fell 17.94 points to 6,034.91. The Dow dipped 154.10 to 44,247.83, and the Nasdaq composite slipped 49.45 to 19,687.24. 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. Indexes fell across much of Europe ahead of a meeting this week by the European Central Bank, where the widespread expectation is for another cut in interest rates. AP Business Writers Matt Ott and Elaine Kurtenbach contributed.Four military men and one federal police agent were arrested as part of the same probe.
By GABRIELA SÁ PESSOA and MAURICIO SAVARESE, Associated Press SAO PAULO (AP) — Brazil’s federal police said Thursday they indicted former President Jair Bolsonaro and 36 other people for allegedly attempting a coup to keep him in office after his defeat in the 2022 elections. Police said their findings were being delivered Thursday to Brazil’s Supreme Court, which must decide whether to refer them to Prosecutor-General Paulo Gonet, who will either formally charge Bolsonaro and put him on trial, or toss the investigation. The former right-wing president has denied all claims he tried to stay in office after his narrow electoral defeat in 2022 to his rival, leftist President Luiz Inácio Lula da Silva. Bolsonaro has faced a series of legal threats since then. Police said in a brief statement that the Supreme Court had agreed to reveal the names of all 37 people who were indicted “to avoid the dissemination of incorrect news.” The 700-page police document likely will take several days for the court to review, Supreme Court justice Alexandre de Moraes said. Dozens of former and current Bolsonaro aides also were indicted, including Gen. Walter Braga Netto, who was his running mate in the 2022 campaign; former Army commander Gen. Paulo Sérgio Nogueira de Oliveira; Valdemar Costa Neto, the chairman of Bolsonaro’s Liberal Party; and his veteran former adviser, Gen. Augusto Heleno. The investigation started last year. On Tuesday, four military men and one federal police agent were arrested as part of the same probe . Other investigations focus on Bolosnaro’s potential roles in smuggling diamond jewelry into Brazil without properly declaring them, and in directing a subordinate to falsify his and others’ COVID-19 vaccination statuses. Bolsonaro has denied any involvement in either. Another probe found that he had abused his authority to cast doubt on the country’s voting system, and judges barred him from running again until 2030. The far-reaching investigations have weakened Bolsonaro’s status as a leader of Brazil’s right wing, said Carlos Melo, a political science professor at Insper University in Sao Paulo. “Bolsonaro is already barred from running in the 2026 elections,” Melo told the The Associated Press. “And if he is convicted he could also be jailed by then. To avoid being behind bars, he will have to convince Supreme Court justices that he has nothing to do with a plot that involves dozens of his aids. That’s a very tall order,” Melo said. On Tuesday, the federal police arrested four military and a federal police officer accused of plotting to overthrow the government following the 2022 elections, including alleged plans to kill Lula and other top officials.The Good, The Bad & The Ugly: Reviewing Penn State's narrow win over Minnesota
A Toronto social service agency is suing the Ontario government, claiming its new legislation restricting overdose prevention sites violates the Canadian Charter of Rights and Freedoms. “We are challenging the act,” said Bill Sinclair, CEO of the Neighbourhood Group Community Services, which initiated the lawsuit, during a press conference Tuesday afternoon at 91 Bellevue Ave. in Kensington Market. He added that removing the sites will “deprive people of lifesaving care.” The Community Care and Recovery Act, passed by the Ontario Legislature last week, is set to come into effect on March 31, 2025. The legislation introduces new zoning restrictions that require existing consumption treatment service sites — commonly known as supervised injection sites — to be located at least 200 metres from schools and daycare centres. As a result, 10 of the province’s current sites will be forced to close, including five in Toronto. The NGCS’s Kensington Market overdose prevention site, which is the only self-funded site affected by the new regulations, will be among those shut down. The agency argues that the legislation unlawfully limits access to critical harm reduction services, jeopardizing public health and violating the Charter-protected rights to life, liberty, and security. The lawsuit contends that the legislation exposes vulnerable Ontarians to increased risks of death and disease. The lawsuit, filed to the Superior Court of Justice on Dec. 9, further claims that the act unlawfully limits access to these critical services that have proven to save lives and reduce the spread of infectious diseases. According to the lawsuit, between 2020 and 2024, Ontario’s supervised consumption sites served 178,253 people, reversed 21,979 overdoses, and made more than 500,000 referrals for substance use treatment. The legal challenge also argues that the Community Care and Recovery Act violates the Charter by denying access to services that save lives. The lawsuit further contends that the act imposes cruel and unusual punishment under Section 12 of the Charter, as it exposes people who use drugs to an increased risk of harm in a manner “degrading, dehumanizing, and incompatible with basic conceptions of human dignity.” “We know we need more sites to save lives and the governments legislature does the opposite,” said Sandra Ka Hon Chu, co-executive director of the HIV Legal Network, an organization backing the legal challenge against the Ontario government. The group, who spoke at the afternoon press conference, supports supervised consumption services and released a 2024 report, Scaling Up Supervised Consumption Services: What Has Changed in Canada? The lawsuit also claims the legislation is discriminatory, denying people with substance use disorders — many of whom are marginalized and disadvantaged — access to proven medical treatment. The agency is asking the court to either exempt the Kensington Market site from the new regulations or declare the relevant sections of the Community Care and Recovery Act invalid. In response, a spokesperson for Health Minister Sylvia Jones did not comment directly on the lawsuit but provided an emailed statement to the Star, saying, “Our government is taking action to protect children and their families while taking the next step to create a system of care that prioritizes community safety, treatment, and recovery by investing $378 million to create HART (homelessness and addiction recovery treatment) Hubs. Each drug consumption site closing will have the opportunity to turn into a HART Hub.” Sinclair of the Neighbourhood Group Community Services warned that closing the supervised consumption sites will harm many people in the city. “These sites make a positive impact on individuals and the communities.”Significance of Tamil vote in 2024 general election
BURNSVILLE — Fifty-three student-athletes from the Bemidji State women's cross country, football, women's soccer and volleyball teams have been named to the NSIC Fall All-Academic Team and Team of Excellence. Twenty-eight Beavers were recognized as NSIC All-Academic Team of Excellence members, achieving a cumulative GPA of 3.60 or higher. To be eligible for NSIC All-Academic Team honors, a student-athlete must have a 3.20 cumulative grade point average or higher while Team of Excellence selections must have a 3.60 cumulative GPA or higher. Additionally, the student-athlete must be a member of the varsity traveling team and in at least their second year of competition at their current institution (true freshmen, redshirt freshmen and ineligible athletic transfers are not eligible). Maggie McCarthy Arian Garcia Conor Kovas Samuel McGrath Sam Kanne Alex Current Cade Barrett Jacob Drietz Elliott Lowney Michael Schurman Zach Ott Quincy Mabin Marcus Hansen Will LeMire Savon Cameron Luke Hessenauer Owen Dukowitz Emma Huelsnitz Miah Olson Briana Stocke Sophia Rinaldi Lucy Stanton Lauren Harrison Jada Wlodarczyk Katrina Thompson
Hanwha Power Systems signs MOU with TC Energy to accelerate commercialization of sCO2 power generation
( ) CEO Elon Musk, co-head of President-elect Donald Trump's Department of Government Efficiency, ridiculed F-35 fighter jets on his social site X. That hit shares of ( ) and key F-35 contractors ( ) and ( ). Elon Musk, in a Sunday post, showed a video of drone swarms, writing, "Meanwhile, some idiots are still building manned fighter jets like the F-35." Lockheed stock fell 3.75% to 521.89, a four-month low. Northrop stock declined 2.3%, also setting a four-month low and testing the 200-day moving average. RTX sank 1.8%, after hitting resistance at the 50-day line on Friday. Given his role at the nongovernment advisory board DOGE, Musk's comments about government spending are having a big impact on stocks. Still, Bernstein analyst Douglas Harned expects defense stocks to do well under Trump. "We expect Trump to seek a strong defense as he did in his first term, even if he seeks to avoid involvement in overseas conflicts," Harned wrote in a Nov. 25 report.None
AvalonBay stock soars to 52-week high, hits $236.3
SANTA CLARA, Calif. (AP) — San Francisco quarterback Brock Purdy took part in some light throwing on Monday after missing his first career game because of an injury and the 49ers are hoping he can return this week. Purdy hurt his throwing shoulder during a loss to Seattle on Nov. 17. Purdy underwent two MRIs last week that showed no structural damage. But Purdy he felt discomfort after making a few throws at practice on Thursday and was shut down for the game at Green Bay on Sunday that San Francisco lost 38-10 . Coach Kyle Shanahan said Monday that Purdy made it through the session without pain and will rest on Tuesday and hopefully be able to return to practice on Wednesday as the Niners prepare to play at Buffalo this coming week. “We rested it throughout the weekend hoping that would help,” Shanahan said. “He threw lighter today to see if that rest helps and the rest did help him. So we’ll see again, going through the same things we did last week. We’re going to let him rest all the way up to Wednesday. We’ll see how it feels on Wednesday and then we’ll take the exact same course throughout the week. Hopefully it responds better this week than it did last week with the rest.” Brandon Allen went 17 for 29 for 199 yards with a touchdown, an interception and a lost fumble in his first start since the 2021 season. Allen would play once again if Purdy is unable to go on Sunday at Buffalo. Purdy wasn't the only star player missing for the 49ers on Sunday with defensive end Nick Bosa missing the game with injuries to his left hip and oblique and left tackle Trent Williams out with an ankle injury. “Just waiting to see how they respond,” Shanahan said. “They didn’t respond great last week. That’s why they weren’t able to go. Nick and Trent are both in the same boat. ... We’ll evaluate as this week progresses and hopefully it turns a better corner than it did last week.” In other injury news, linebacker Dre Greenlaw will return to practice this week for the first time since tearing his Achilles tendon in the Super Bowl last season. Greenlaw will likely need at least a couple of weeks of practice before being able to return to play. Offensive lineman Jon Feliciano will be shut down for the rest of the season after his knee injury didn't fully heal. Feliciano's three-week practice window ended Monday and the Niners decided to keep him on injured reserve instead of activating him. Left guard Aaron Banks, defensive tackle Jordan Elliott and receiver Jacob Cowing all remain in concussion protocol to start this week and their status is unknown. Right guard Dominick Puni (shoulder) and cornerback Deommodore Lenoir (knee) underwent MRIs on Monday and the team is waiting for results. Cornerback Renardo Green (neck) and linebacker Demetrius Flannigan-Fowles (knee) are day to day. Defensive tackle Kevin Givens is expected to return to practice this week after missing the past four games with a groin injury. AP NFL: https://apnews.com/hub/nflBrazilian police indict former President Bolsonaro and aides over alleged 2022 coup attemptAmpliTech Group Announces Closing of $1.4 Million Registered Direct Offering
Hyundai Motor and Kia's Robotics LAB Announce Plans to Launch 'X-ble Shoulder' at Wearable Robot Tech Day49ers QB Brock Purdy resumes throwing but status for this week remains unknown
Lopetegui came into the game under pressure following some poor displays from the Hammers in recent weeks but they earned a hard-fought victory to end the Magpies’ three-game winning spell. Despite a promising opening from the hosts, Tomas Soucek headed West Ham in front before Aaron Wan-Bissaka’s first goal for the club after the break wrapped up victory. Lopetegui was pleased with his side’s display following a “tough match”. He said: “I am happy for the three points and am very happy against a good team like Newcastle, who have good players and a fantastic coach. “I think today was a tough match and we were able to compete as a team. “I think we deserved to win. Today they had many moments in the first half, but I think the second half we deserved to win and we are happy because you have to do these kind of matches against this type of team if you want to overcome them.” Newcastle started brightly and had plenty of chances in the first half especially, but the visitors responded after the break by retaining possession well. The win eases the pressure on Lopetegui, whose West Ham side face Arsenal on Saturday, and he believes the victory is an important feeling for his players. He said: “I think the only thing that is under our control is to play football, to improve, to defend well, to convince the players we are able to do better. “Today we did, but I think the only thing we can do is to do the things that are under our control, not today but every day. “So we had to keep with this mentality, but above all let me say we are happy for the players because they need this kind of feeling as a team to believe that we are able to do well as a team, to put the best for each player of the team.” Newcastle boss Eddie Howe admitted defeat was a missed opportunity for his side. The Magpies missed a series of chances in the first half, including efforts from Joe Willock and Sean Longstaff, before Alexander Isak blasted a chance off target. Anthony Gordon also rolled an effort just wide of the post after the break and Isak headed wide of goal. Three points could have seen Newcastle move into the top six and Howe admitted his side need to learn from the match. “Yes, massive because the league is so tight that a couple of wins and the whole picture looks very different,” Howe said. “We’ll kick ourselves tonight because we knew the opportunity we had, a home game, Monday night, a great moment for us potentially in our season, so we have to learn from that and come back stronger.”Trump taps Hassett to lead National Economic Council, source says
Undefeated Oregon and No. 23 Texas A&M will collide Tuesday afternoon in Las Vegas in the second game of the new Players Era Festival. Both teams are in the "Power" group of the eight-team event. All eight teams are receiving $1 million for their name, image and likeness (NIL) collectives, but placing fourth or higher in the tourney in order will net them anywhere from $1.1 million to $1.5 million. The Aggies (4-1) opened the season with a three-point loss at UCF, but since then have won four straight, all in convincing fashion. Texas A&M upset then-No. 21 Ohio State 78-64 on Nov. 15 at home in College Station, Texas. Then the Aggies crushed Southern 71-54 last Wednesday, when Wade Taylor IV led the way with 17 points and six assists. All of Texas A&M's wins have been by double digits. The Aggies and Ducks (5-0) have split the two previous meetings against each other. Until March 2022 in an NIT second-round game, they had not met since the 1970-71 season. Texas A&M tied the overall series with a 75-60 win at home in 2022. The only player on the Ducks' current roster who played in that game was 7-foot senior Nate Bittle, who has been one of Oregon's best players so far this season. Bittle's 16.2 points and 10.2 rebounds per game lead the Ducks so far this season, and the big man also averages two blocked shots per game. Texas A&M guard Zhuric Phelps, a transfer from SMU, leads the Aggies in scoring at 16 points per game. Taylor adds 14 points per game. The Aggies could be the best defensive team the Ducks will have seen this season. A&M is allowing teams to shoot only 36.6 percent in games. Head coach Buzz Williams and his staff are hoping the team gets better at taking charges on defense, as the Aggies have just one so far this season. "I guess the thing that you work on most is verticality around the rim," Texas A&M assistant coach Steve Roccaforte told KBTX television. "‘Hey, once you get there, if you try and take a charge, it's going to be a block. Just jump as high as you can, stay vertical, try to go chest-to-chest. Make it a hard shot.'" Oregon is coming off a 78-75 win at Oregon State, the Ducks' first road game of the season. The Ducks trailed by 10 points at halftime but, as they have in several games this season, they found a rhythm on offense in the second half and came up with a comeback win. Bittle's 23 points and 14 rebounds led the way. Jackson Shelstad had 15 points and Jadrian Tracey and Keeshawn Barthelemy both added 10. "We started rebounding the ball a little better. Nate really got it going inside and our guys got him the ball," Oregon head coach Dana Altman told the school's athletics website. "He had a heck of a game." --Field Level Media