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Dow ends at fresh record as oil prices pull back on ceasefire hopesWall Street’s main indexes closed lower on Tuesday as technology sector losses offset gains in communications services while investors waited for key inflation reports that may influence the Federal Reserve’s next interest rate decisions. Among the S&P 500’s 11 major industry sectors, only three ended with gains a day ahead of the November reading of the Consumer Price Index, one of the last major reports ahead of the Fed’s Dec. 17-18 meeting. Headline inflation is expected to have risen slightly in November to 2.7 per cent from 2.6 per cent in October. The Producer Price Index report will follow on Thursday. “There’s a little bit of wait-and-see in the market ahead of the CPI and PPI data this week,” said Mona Mahajan, head of investment strategy at Edward Jones. “Markets want to see a number that won’t be too disruptive to the Fed next week.” If the CPI comes in line with estimates, investors will expect an “all clear” for the Fed to lower rates by 25 basis points next week, she added. Traders see an 86 per cent chance for a cut next week, CME’s FedWatch Tool showed. Bets had jumped after Friday’s news of an uptick in unemployment along with a rebound in job growth, which had slowed in October. Noting the S&P 500’s roughly 27 per cent gain for the year so far, Lindsey Bell, chief strategist at 248 Ventures in Charlotte, North Carolina, said investors are cautious ahead of the economic data and Fed meeting. “We’re in a seasonally strong period of the year and investors are just kind of taking a breather,” said Bell. Market participants will be watching out for signs that the US central bank will pause its easing cycle in January, after a host of Fed officials last week hinted at a slower pace of monetary policy easing on the back of a resilient economy. “It’s less about what the Fed does next week but what they say about the future trajectory of interest rates,” said Bell. The Dow Jones Industrial Average fell 154.10 points, or 0.35 per cent, to 44,247.83. The S&P 500 lost 17.94 points, or 0.30 per cent, at 6,034.91 and the Nasdaq Composite fell 49.45 points, or 0.25 per cent, to 19,687.24. Communication services, up 2.6 per cent, was the biggest percentage gainer among S&P 500 sectors with help from a 5.6 per cent rally in shares of Google-parent Alphabet after it unveiled a new chip. The biggest percentage decliner was real estate, falling 1.6 per cent. The S&P’s biggest index point drag was from technology, down 1.3 per cent. It was weighed down by a 6.7 per cent drop in Oracle shares after the cloud computing company missed Wall Street estimates for second-quarter results. Adding pressure to technology, the Philadelphia semiconductor index fell 2.5 per cent after China’s Monday announcement of an investigation into Nvidia over suspected violations of anti-monopoly law. The probe was widely seen as retaliation against US curbs on China’s chip sector. Shares in Walgreens Boots Alliance rallied 17.7 per cent, making it the S&P 500’s biggest percentage gainer after reports that it is in talks to sell itself to private equity firm Sycamore Partners. The S&P 500’s biggest percentage decliner was Moderna Inc , which fell 9.1 per cent after BofA reinstated coverage of the company with an ‘underperform’ rating. Alaska Airlines shares rose 13 per cent after it raised its fourth-quarter profit forecast, while Boeing gained 5.5 per cent after Reuters reported the planemaker restarted production of its 737 MAX jets last week. Among individual stock movers, software firm MongoDB fell 16.9% despite raising its forecast for annual results. In mid-caps, luxury homebuilder Toll Brothers shares fell 6.9 per cent after its quarterly results beat expectations but its current quarter forecasts disappointed. Declining issues outnumbered advancers by a 1.88-to-1 ratio on the NYSE where there were 117 new highs and 42 new lows. On the Nasdaq, 1,655 stocks rose and 2,671 fell as declining issues outnumbered advancers by a 1.61-to-1 ratio. The Nasdaq Composite recorded 87 new highs and 86 new lows while the S&P 500 posted 10 new 52-week highs and three new lows. On the volume side, on US exchanges 13.35 billion shares change hands compared with the 14.35 billion average for the last 20 sessions.url www haha777 me 。

NoneIsrael launches new airstrikes on Lebanon

SIMI VALLEY, California - The United States unveiled a $988 million aid package of new arms and equipment to Ukraine for its ongoing fight against Russia's invasion on Saturday. The package nearly halves the available $2.21 billion remaining in Ukraine Security Assistance Initiative as the Biden administration works to commit to buying weapons from industry, rather than pulling from U.S. weapons stocks. The USAI funds will be put toward buying ammunition for High Mobility Artillery Rocket Systems (HIMARS) made by Lockheed Martin as well as drones and spare parts to maintain artillery equipment, according to the Pentagon. Announcement of the package came on Saturday as the defense industry and policy makers meet at the annual Reagan National Defense Forum in California. The Biden administration has often used Presidential Drawdown Authority, which authorizes President Joe Biden to transfer excess articles and services from U.S. stocks without congressional approval during an emergency. The USAI funds are separate and will go to purchase new weapons from industry. The Biden administration still has about $6 billion of congressionally granted presidential drawdown authority, including funds authorized in 2024 and funds discovered by the Pentagon after overestimating the value of arms shipped to Ukraine. Since the Russian invasion in February 2022, the U.S. has committed more than $62 billion worth of security assistance to Ukraine. REUTERSFederal law enforcement began looking into utility contracts in Independence in 2019 (photo courtesy of the City of Independence). An attorney and former elected official in Independence connected to two Independence utility projects that faced years of FBI scrutiny pleaded guilty Monday to federal tax evasion . John C. Carnes, 69, was indicted by a federal grand jury in 2022 and changed with one count of tax evasion, one count of corruptly endeavoring to obstruct the IRS and seven counts of failure to pay taxes. A former member of the Jackson County Legislature and Independence City Council, Carnes served two years in prison after being convicted in 1989 of bank fraud and bribing another council member. His law license was reinstated in 2006. Carnes’ indictment highlighted his involvement in the decision by the Independence City Council to purchase the former Rockwood Golf Course to build a solar farm and to sign a contract to demolish the city-owned power plant in Missouri City, both in 2017. In pleading guilty, Carnes admitted he “willfully attempted to evade paying his personal income taxes” from 2012 to 2018, according to the U.S. Attorney’s Office of the Western District of Missouri. Carnes used attorney trust accounts — which are supposed to be for funds that are in a lawyer’s possession in connection with representing a client — to prevent the IRS from collecting money he owed on income taxes. The scheme included depositing $232,000 into attorney trust accounts that came from fees for services related to the sale of the Rockwood Golf Course and the demolition of the Missouri City Power Plant. Carnes also withdrew cash from attorney trust accounts to fund his personal and business expenses, including at Kansas City-area casinos. He withdrew $144,000 from one account from 2013 to 2015 and $444,000 from another from 2016 to 2019, the U.S. Attorney’s Office said. All told, Carnes failed to pay more than $800,000 in taxes. Under federal statutes, Carnes is subject to a sentence of up to five years in prison without parole. A sentencing hearing is yet to be set in the case. In 2019, the FBI began questioning local officials in Independence about a pair of utility contracts issued by the city council in 2017. One contract called for the city to pay a St. Louis company $9.75 million to tear down a power plant that Independence Power and Light was no longer using in Missouri City. The bid was more than twice that of the other bidder, and the owner of the company that won it had longstanding ties to the lobbyist at the time for Independence Power & Light , former Missouri House Speaker Steve Tilley. The other contract called for the city to pay nearly $1 million to purchase the former Rockwood Golf Club in order to build a solar farm in a joint venture with Gardner Capital, a Springfield private equity firm. Gardner Capital was also a Tilley client, and just days before the vote to purchase the property political action committees connected to Tilley and funded by Gardner made four $2,500 donations to then-Independence Mayor Eileen Weir. Weir vehemently denied the donations were connected to her vote to endorse the project. Tilley would later serve as the lobbyist for Titan Fish, a real estate company that sold the golf course to the city for close to twice what it had paid for it just months before. The FBI interviewed Titan Fish’s owner in the summer of 2021 about the utility contracts and medical marijuana licensing . Independence received a pair of grand jury subpoenas in early 2020 seeking records of non-public meetings of the Independence City Council receipts submitted by four members of the Independence City Council for reimbursement. One of the meetings in question was with Carnes. The former head of Missouri’s medical marijuana program testified under oath in late 2020 that a grand jury subpoena his agency received was connected to an FBI investigation in Independence . There have been no indictments regarding either of the utility contracts. Earlier this year, Carnes told the Kansas City Star that his indictment was payback by federal officials who were upset that their Independence investigation fizzled.Clintons urge voters agitated by today’s politics to remain involved in public service

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That didn't work... jobless aid scheme to buy lawnmowers, suits and even steam irons to help people find work writes off £3MILLIONSEOUL, South Korea — South Korean President Yoon Suk Yeol, who stunned the world this week by declaring martial law, has narrowly avoided being impeached, as his party's lawmakers boycotted the parliamentary vote on his ouster Saturday. The motion by opposition lawmakers accused him of insurrection, calling his decree an unconstitutional self-coup. "The president has betrayed the trust of the people and has lost the right to carry out state affairs," the impeachment motion read. Thousands of protesters had gathered outside the National Assembly to cheer on his removal. Now protests are expected to build. "We will not give up. We will prevail," liberal opposition leader Lee Jae-myung said after the motion fell through. "By Christmas, we will bring people the end-of-year gift of restoring the country to normalcy." The liberal party said it would submit the motion again at the next parliamentary session on Wednesday — and every week after that until it passes. The question is whether enough members of Yoon's conservative ruling party will vote to oust him while he still has two-and-a-half years remaining in his term, potentially ceding the presidency to the liberal opposition. Impeaching Yoon requires the support of at least two-thirds of the 300-member National Assembly — or 200 votes. Because the opposition coalition holds 192 seats, impeachment requires eight or more votes from Yoon's conservative People Power Party. In the days following the martial law declaration, a handful of ruling party legislators had indicated they would at least consider impeachment. But only three of them showed up for the vote Saturday, with the remaining 105 leaving the plenary hall in protest. Outside the National Assembly, the crowd gathered to call for Yoon's removal let out a cry of frustration. Among them were citizens who had traveled from hours away and college students studying for exams in the throng while keeping one eye on the news. "Arrest Yoon Suk-yeol!" they chanted as they marched down the promenade. In declaring martial law Tuesday, Yoon railed against the opposition-controlled National Assembly, which he accused of being a "den of criminals" and North Korea-sympathizers. Gen. Park An-su, whom Yoon designated as his martial law commander, subsequently suspended all political activity and declared the media under the military's control. For many in South Korea , the move chillingly harked to the country's past military dictatorships. But three hours after Yoon's decree, legislators — many of them scaling the gates of the locked-down National Assembly — unanimously voted to overrule Yoon, requiring him to lift the decree. On Saturday morning, in a two-minute address to the nation, Yoon apologized for inconveniencing the public and said that he had been motivated by "desperation." While Yoon reportedly told his officials and party members that his decree was meant to send a message to an adversarial legislature — which has filed numerous impeachments against his appointees and moved to investigate his wife on charges of graft and stock manipulation — many, including his own party members, say they believe he had much more sinister motives. Han Dong-hun, the leader of the People Power Party, said that there were signs that the special forces soldiers who had stormed the National Assembly were acting on orders to arrest him and other legislators. Opposition leader Lee, whom Yoon narrowly defeated in the presidential election two years ago, has said the same. "We've confirmed that President Yoon ordered the arrest of major politicians on the grounds that they were anti-state forces," Han said at a party meeting Friday. "I don't think we can pretend like nothing happened." While stating that this was based on "credible" sources, Han did not elaborate, offering only that these plans would be made public in due time "through various channels." In a meeting with Han that same day, Yoon denied giving such an order, Han said. Hong Jang-won, a senior official at the National Intelligence Service, the country's spy agency , told lawmakers Friday that Yoon called him to order the arrest of several lawmakers, including party leaders Lee and Han. Spy chief Cho Tae-yong has disputed Hong's allegations. Yet even while condemning the martial law declaration as unconstitutional and acknowledging that Yoon must ultimately be removed from office, Han and most of his party allies balked at impeachment. For the South Korean conservatives, impeachment is their exposed nerve, and they have reason to tread lightly. The first and only South Korean president to be successfully impeached was conservative Park Geun-hye, who was later investigated and jailed on corruption charges. Her downfall splintered the conservative camp and opened a path for liberal successor Moon Jae-in, whose term conservatives refer to as "the lost five years." Crucial to the success of Park's impeachment was a bloc of conservative legislators who joined the opposition to vote in favor. It is why many party stalwarts are determined to avoid the same fate this time around. "We cannot have any more traitors surrendering to the enemy, like the time with Park Geun-hye," Daegu Mayor Hong Joon-pyo wrote on social media Wednesday. Instead, Yoon's party members have floated more moderate solutions that would make way for Yoon's "orderly resignation," such as revising the constitution to shorten Yoon's term, transferring some of his presidential powers to the prime minister or forming a bipartisan Cabinet. In his recent public address, Yoon said he would leave his fate to the party, hinting that he may relinquish much of his authority to Han, should he avoid impeachment. The liberal opposition has rejected any alternatives to impeachment, calling Yoon a "ticking time bomb." "He is in a very troubling mental state right now. We don't have time to discuss something like 'an orderly resignation,' " liberal party spokesperson Yoon Jong-kun told reporters Saturday morning. "Only Yoon's immediate removal from official duties and impeachment can alleviate the anger of the people and South Korea' s plummeting international credit rating." The liberal party has said that it would propose the motion again Wednesday. "We are going to propose it repeatedly," Lee Jae-myung said, "until it goes through." ©2024 Los Angeles Times. Visit latimes.com . Distributed by Tribune Content Agency, LLC.

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