NEW YORK (AP) — U.S. stocks are climbing Thursday after market superstar Nvidia and another round of companies said they’re making even fatter profits than expected. The S&P 500 was pulling 0.7% higher, as of 2:45 p.m. Eastern time, after flipping between modest gains and losses several times in the morning. Banks, smaller companies and other areas of the stock market that tend do best when the economy is strong helped lead the way, while bitcoin briefly broke above $99,000. Crude oil, meanwhile, continued to rise. The Dow Jones Industrial Average jumped 532 points, or 1.2%, and the Nasdaq composite gained 0.2%. Nvidia's rise of 1.4% was the strongest force pushing the S&P 500 upward after yet again beating analysts’ estimates for profit and revenue. It also gave a forecast for revenue in the current quarter that topped most analysts’ expectations thanks to voracious demand for its chips used in artificial-intelligence technology. Its stock initially sank in afterhours trading Wednesday following the release of the results. Some investors said the market might have been looking for Nvidia's revenue forecast to surpass expectations by even more. But its stock recovered in premarket trading Thursday, and Wedbush analyst Dan Ives said it was another “flawless” profit report provided by Nvidia and CEO Jensen Huang, whom Ives calls “the Godfather of AI.” How Nvidia’s stock performs has tremendous impact because it’s quickly grown into Wall Street’s most valuable company at roughly $3.6 trillion. Its meandering up and down through the day dragged the S&P 500 and other indexes back and forth. The frenzy around AI is sweeping up other stocks, and Snowflake jumped 32.3% after reporting stronger results for the latest quarter than analysts expected. The company, whose platform helps customers get a better view of all their silos of data and use AI, also reported stronger revenue growth than expected. BJ’S Wholesale Club rose 9.1% after likewise delivering a bigger profit than expected. That may help calm worries about how resilient U.S. shoppers can remain, given high prices across the economy and still-high interest rates. A day earlier, Target tumbled after reporting sluggish sales in the latest quarter and giving a dour forecast for the holiday shopping season. It followed Walmart , which gave a much more encouraging outlook. Nearly 90% of the stocks in the S&P 500 were also rising, and the gains were even bigger among smaller companies. The Russell 2000 index of smaller stocks jumped a market-leading 1.9%. Google’s parent company, Alphabet, helped keep indexes in check. It fell 5.5% after U.S. regulators asked a judge to break up the tech giant by forcing it to sell its industry-leading Chrome web browser. In a 23-page document filed late Wednesday, the U.S. Department of Justice called for sweeping punishments that would include restrictions preventing Android from favoring its own search engine. Regulators stopped short of demanding Google sell Android but left the door open to it if the company’s oversight committee continues to see evidence of misconduct. Drops for other Big Tech stocks also weighed on the market, including a 2.4% slide for Amazon. In stock markets abroad, shares of India’s Adani Enterprises plunged 22.6% Thursday after the U.S. charged founder Gautam Adani, 62, in a federal indictment with securities fraud and conspiracy to commit securities and wire fraud. The businessman and one of the world’s richest people is accused of duping investors by concealing that his company’s huge solar energy project on the subcontinent was being facilitated by an alleged bribery scheme. Indexes elsewhere in Asia and Europe were mixed. In the crypto market, bitcoin eclipsed $99,000 for the first time before easing back to roughly $98,250, according to CoinDesk. It’s more than doubled so far this year, and its climb has accelerated since Election Day. President-elect Donald Trump has pledged to make the country “the crypto capital of the planet” and create a “strategic reserve” of bitcoin. Bitcoin also got a boost after Gary Gensler, the chair of the Securities and Exchange Commission who has pushed for more protection for crypto investors, said he would step down in January . Bitcoin and related investments, of course, have a notorious history of big price swings in both directions. MicroStrategy, a company that's been raising cash expressly to buy bitcoin, saw an early gain of 14.6% for its stock on Thursday quickly disappear. It was most recently down 10.7%. In the oil market, a barrel of benchmark U.S. crude rose 2% to bring its gain for the week to 4.8%. Brent crude, the international standard, climbed 1.8%. Oil has been rising amid escalations in the Russia-Ukraine war. In the bond market, Treasury yields edged higher following some mixed reports on the U.S. economy. The yield on the 10-year Treasury rose to 4.43% from 4.41% late Wednesday. One report said fewer U.S. workers applied for unemployment benefits last week in the latest signal that the job market remains solid. Another report, though, said manufacturing in the mid-Atlantic region unexpectedly shrank. Sales of previously occupied homes, meanwhile, strengthened last month by more than expected. AP Business Writers Matt Ott and Yuri Kageyama contributed.Recent tensions have risen between the United States and Spain after a controversial incident involving the refusal of a Spanish port to allow a US aid vessel carrying weapons to dock. The refusal has ignited a diplomatic firestorm, with both countries standing firm on their positions, leading to a strained relationship between the two allies.
Freezing is a common method of food preservation that helps maintain the quality and safety of perishable items. When frozen mantou is thawed and reheated thoroughly before consumption, the risk of foodborne illness is significantly reduced. Additionally, freezing does not lead to substantial nutrient loss in foods, making frozen mantou a convenient and nutritious choice for meals.Alex's statement opened a new chapter in the confrontation, shifting the focus from the act of secret photography to the justification and consequences of such actions. While Sarah argued that her privacy had been violated and demanded accountability, Alex maintained that he had not taken any photos and questioned Sarah's right to search through his personal belongings.
Piemonte Holding launches an asset management company with an initial capital raise of R$1 billion.CUBI INVESTOR NEWS: Customers Bancorp, Inc. Investors that Suffered Losses are Encouraged to Contact RLF about Ongoing Investigation into the Company (NYSE: CUBI)
EAST RUTHERFORD, N.J. (AP) — The New York Giants organization got exactly what it deserved in getting blown out by Baker Mayfield and the Tampa Bay Buccaneers. The Giants were embarrassed in Sunday's 30-7 loss , taunted by Mayfield after a touchdown run just before halftime. And then they saw their fans walk out on them again when the Bucs extended their lead to 30-0 and sent New York (2-9) to its sixth straight loss. The losing streak is the longest for the Giants since 2019, when they dropped a franchise-record nine straight games to finish 4-12. That led to the firing of coach Pat Shurmur after two seasons. Third-year coach Brian Daboll is clearly in trouble, with the Giants guaranteed a second straight losing season. They were 6-11 in a 2023 season that featured a lot of injuries. Daboll, who denies he has lost the team, isn't the only one whose job is in jeopardy. General manager Joe Schoen is on the hot seat and so is this entire franchise, which is celebrating its 100th year. It's one thing to lose. It's quite another to give up, and that's what the organization did when it decided to bench Daniel Jones a week ago and then release him on Friday after the 27-year-old asked co-owner John Mara to let him walk away. While he wasn't playing well, Jones was the Giants' best quarterback. He gave them more a of chance to win than either Tommy DeVito or Drew Lock. Removing him from the picture was all but certain to make the Giants worse, even if it was a good business decision. If Jones was hurt and unable the pass his physical before the 2025 season, the team would have been on the hook for a $23 million cap hit. The problem is the players care about now. By getting rid of Jones and elevating DeVito to the starting role, the front office was telling the team it didn't care about winning with seven games left in the season. So the players gave a lackluster effort. Defensive tackle Dexter Lawrence called the team soft. Rookie receiver Malik Nabers said he was sick of losing. Left tackle Jermaine Eluemunor said he saw a lack of effort by some players. What they all were saying was they were angry at being betrayed. Money is never more important than winning, and the Giants made that mistake. At this point in the season? Nothing. The offense once again. The Giants have scored a league-low 163 points, including only 60 in six games at MetLife Stadium, where they are winless this season. They have scored in double figures at home twice. Daboll's team has been held scoreless in the first half in three of 11 games and it has been held without a first-half touchdown seven times. Daboll said he will continue to call the offensive plays. S Tyler Nubin. The rookie has had a team-high 12 tackles in each of the last two games. His 81 tackles for the season are just two behind team leader Bobby Okereke. RB Tyrone Tracy. The rookie leads Giants running backs with 587 yards on 116 carries — a 5.1-yard average for the fifth-round pick. But holding onto the ball has been a big issue. Tracy's fumble in overtime cost New York a chance to win in Germany against Carolina. He also lost the ball in the third quarter at the Bucs 5-yard line with New York down 23-0. It earned him a seat on the bench. LT Jermaine Eluemunor (quad) and OLB Azeez Ojulari (toe) left Sunday's game in the first quarter. Chris Hubbard filled in at tackle and the Giants luckily got back DL Kayvon Thibodeaux this past week after he missed five games with a broken wrist. DeVito was banged up but Daboll expects him to start against the Cowboys. 10 — The Giants have gone 10 consecutive games without an interception, tying the NFL record held by the 1976-77 San Francisco 49ers and the 2017 Oakland — now Las Vegas — Raiders. The Giants and Raiders now share the single-season mark. A national showcase on Thanksgiving Day for the NFC-worst Giants at Dallas. AP NFL: https://apnews.com/hub/NFL
As fate would have it, Li Jie and Emily's paths cross when they both apply for the same prestigious culinary competition. Sparks fly as they compete against each other, pushing each other to their limits and discovering a mutual respect for each other's skills. However, their budding romance is not without its challenges, as cultural differences and personal ambitions threaten to tear them apart.
EDN GIRLS BASKETBALL ROUNDUP: Ruholl scores 26 in St. Anthony's win over Sandoval; Cowden-Herrick/Beecher City, Brownstown/St. Elmo, North Clay all earn victoriesNone
This case serves as a sobering reminder of the potential risks involved in beauty procedures, especially when it comes to nail treatments. While manicures and nail art can be a fun way to express creativity and enhance one's appearance, it is essential to prioritize nail health and safety. Here are some tips to prevent similar incidents:One of the Best Pizza Ovens We’ve Ever Tested Is on Sale This Black Friday
The first signal that caught the attention of market participants was the sudden surge in trading volumes and volatility. In a matter of days, trading volumes skyrocketed to levels not seen in months, and volatility spiked as investors scrambled to react to rapidly changing market conditions. This surge in activity was a clear indication that something significant was happening in the market, and it set the stage for what was to come.
In conclusion, the investigation into Liu Yusheng's alleged violations of discipline and law serves as a sobering reminder of the need for vigilance and accountability in the healthcare sector. While the details of the allegations remain unclear, it is essential for all stakeholders to work together to address issues of misconduct and corruption, uphold the highest standards of ethics and professionalism, and prioritize the well-being of patients above all else. Only by working together can we ensure that incidents of misconduct are identified and addressed promptly, and that the integrity of the healthcare system is upheld.Midfielders:
Is gold still safe for seniors to invest in?As the nurse approaches with the needle in hand, the baby's eyes widen with fear. The unfamiliar sight triggers a primal instinct of self-preservation, causing the baby to instinctively recoil or cry out for comfort. The fear of the unknown, coupled with the anticipation of pain, sets the stage for a wave of anxiety to wash over the baby's delicate senses.
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Piemonte Capital will be the first asset manager focused on developing the data center sector in Brazil and Latin America . Its investment process will prioritize the digitalization of the green economy RIO DE JANEIRO , Nov. 25, 2024 /PRNewswire/ -- Piemonte Holding has announced the creation of Piemonte Capital, its new asset manager dedicated to private equity. With an initial fundraising of R$ 1 billion for its first fund, Piemonte Capital is the first Brazilian asset manager focused exclusively on data centers. The Private Equity fund was designed to address the growing demand for this sector in Brazil and Latin America , which are undergoing an accelerated transition toward a digital economy and Artificial Intelligence deployments. The company will position Brazil's leadership in sustainable data centers operations, the only ones on a global scale that can be powered by renewable energy matrix - which is a critical feature for Big Techs. According to Alessandro Lombardi , founder and CEO of Piemonte Holding, Piemonte Capital will operate with a strong local presence and knowledge, with a strategy tailored to the region's specific needs. "Piemonte Capital offers Brazilian investors an entry point into the data center sector, which has so far been dominated by large international asset managers. We will meet the growing demand for capital allocation in one of the most promising sectors of the economy, developing the right digital infrastructure that Brazil needs." With a differentiated ESG approach, Piemonte Capital will be guided by environmental, social, and governance practices deeply integrated into the investment strategies of its holding company and group businesses. The company's goal is to build a robust investment platform to support innovative and sustainable digital growth, highlighting its unique role on the global stage. One example of this approach is Elea Data Centers, part of the Piemonte Holding group, a pioneer company that promotes sustainable initiatives in the sector, such as issuing green bonds and using 100% renewable energy on its sites. "Brazilian infrastructure is green, which sets us apart from markets that still rely on fossil fuels. We want to create a sustainable data center network that will provide the necessary backbone for the digital revolution in Brazil ," says Alessandro Lombardi . With Brazil now established as one of the largest global hubs for data center industry, Piemonte Capital enters the market to accelerate the sector's growth, meeting the increasing demand for capital. Since 2021, Piemonte Holding has been partner of Goldman Sachs in the Elea Data Center investment project and this new initiative expands the group's investment potential to support its continuous growth. Alessandro Lombardi is recognized as one of the leading voices in digital infrastructure in Latin America and globally and has led investments focused on green financial instruments to enable Artificial Intelligence (AI) in Brazil . Co-founder of Piemonte Capital is Victor Almeida , Investment and Transactions Director, the only Brazilian professional listed this year among the top global talents in digital infrastructure finance under the age of 35. SOURCE Piemonte Holding Participações S.A
The implications of such a scandal are profound, not only for the individual involved but also for the credibility and integrity of the judicial system as a whole. The role of a prosecutor is one of immense responsibility, requiring upstanding character and adherence to the highest moral and ethical standards. Any misconduct or impropriety on the part of a chief prosecutor not only tarnishes their own reputation but also undermines public trust in the entire legal system.