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NEW YORK (AP) — U.S. stock indexes got back to climbing on Wednesday after the latest update on inflation appeared to clear the way for more help for the economy from the Federal Reserve . The S&P 500 rose 0.8% to break its first two-day losing streak in nearly a month and finished just short of its all-time high. Big Tech stocks led the way, which drove the Nasdaq composite up 1.8% to top the 20,000 level for the first time. The Dow Jones Industrial Average, meanwhile, lagged the market with a dip of 99 points, or 0.2%. Stocks got a boost as expectations built that Wednesday’s inflation data will allow the Fed to deliver another cut to interest rates at its meeting next week. Traders are betting on a nearly 99% probability of that, according to data from CME Group, up from 89% a day before. If they’re correct, it would be a third straight cut by the Fed after it began lowering rates in September from a two-decade high. It’s hoping to support a slowing job market after getting inflation nearly all the way down to its 2% target. Lower rates would give a boost to the economy and to prices for investments, but they could also provide more fuel for inflation. “The data have given the Fed the ‘all clear’ for next week, and today’s inflation data keep a January cut in active discussion,” according to Ellen Zentner, chief economic strategist for Morgan Stanley Wealth Management. Expectations for a series of cuts to rates by the Fed have been one of the main reasons the S&P 500 has set an all-time high 57 times this year , with the latest coming last week. The biggest boosts for the index on Wednesday came from Nvidia and other Big Tech stocks. Their massive growth has made them Wall Street’s biggest stars for years, though other kinds of stocks have recently been catching up somewhat amid hopes for the broader U.S. economy. Tesla jumped 5.9% to finish above $420 at $424.77. It’s a level that Elon Musk made famous in a 2018 tweet when he said he had secured funding to take Tesla private at $420 per share . Stitch Fix soared 44.3% after the company that sends clothes to your door reported a smaller loss for the latest quarter than analysts expected. It also gave financial forecasts for the current quarter that were better than expected, including for revenue. GE Vernova rallied 5% for one of the biggest gains in the S&P 500. The energy company that spun out of General Electric said it would pay a 25 cent dividend every three months, and it approved a plan to send up to another $6 billion to its shareholders by buying back its own stock. On the losing end of Wall Street, Dave & Buster’s Entertainment tumbled 20.1% after reporting a worse loss for the latest quarter than expected. It also said CEO Chris Morris has resigned, and the board has been working with an executive-search firm for the last few months to find its next permanent leader. Albertsons fell 1.5% after filing a lawsuit against Kroger, saying it didn’t do enough for their proposed $24.6 billion merger agreement to win regulatory clearance. Albertsons said it’s seeking billions of dollars in damages from Kroger, whose stock rose 1%. A day earlier, judges in separate cases in Oregon and Washington nixed the supermarket giants’ merger. The grocers contended a combination could have helped them compete with big retailers like Walmart, Costco and Amazon, but critics said it would hurt competition. After terminating the merger agreement with Kroger, Albertsons said it plans to boost its dividend 25% and increased the size of its program to buy back its own stock. Macy’s slipped 0.8% after cutting some of its financial forecasts for the full year of 2024, including for how much profit it expects to make off each $1 of revenue. All told, the S&P 500 rose 49.28 points to 6,084.19. The Dow dipped 99.27 to 44,148.56, and the Nasdaq composite rallied 347.65 to 20,034.89. In the bond market, the yield on the 10-year Treasury rose to 4.27% from 4.23% late Tuesday. The two-year Treasury yield, which more closely tracks expectations for the Fed, edged up to 4.15% from 4.14%. In stock markets abroad, indexes rose across much of Europe and Asia. Hong Kong’s Hang Seng was an outlier and slipped 0.8% as Chinese leaders convened an annual planning meeting in Beijing that is expected to set economic policies and growth targets for the coming year. South Korea’s Kospi rose 1%, up for a second straight day as it climbs back following last week’s political turmoil where its president briefly declared martial law. AP Writers Matt Ott and Zimo Zhong contributed.ServiceNow, Inc. ( NYSE:NOW – Get Free Report ) CEO William R. Mcdermott sold 12,271 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $997.67, for a total transaction of $12,242,408.57. Following the transaction, the chief executive officer now owns 2,595 shares in the company, valued at $2,588,953.65. The trade was a 82.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link . ServiceNow Stock Performance NOW opened at $1,060.57 on Friday. The company has a market capitalization of $218.48 billion, a price-to-earnings ratio of 164.94, a P/E/G ratio of 5.87 and a beta of 0.98. The business’s 50-day moving average price is $948.53 and its two-hundred day moving average price is $834.64. ServiceNow, Inc. has a 1 year low of $637.99 and a 1 year high of $1,064.59. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.13 and a quick ratio of 1.13. ServiceNow ( NYSE:NOW – Get Free Report ) last announced its earnings results on Wednesday, October 23rd. The information technology services provider reported $3.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.46 by $0.26. ServiceNow had a return on equity of 16.03% and a net margin of 12.77%. The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.75 billion. During the same quarter last year, the firm earned $1.21 EPS. ServiceNow’s revenue for the quarter was up 22.2% compared to the same quarter last year. Equities analysts expect that ServiceNow, Inc. will post 7.07 EPS for the current fiscal year. Wall Street Analysts Forecast Growth Read Our Latest Research Report on NOW Institutional Inflows and Outflows Several large investors have recently added to or reduced their stakes in the business. Creekmur Asset Management LLC bought a new stake in ServiceNow during the 1st quarter worth about $25,000. Versant Capital Management Inc increased its position in shares of ServiceNow by 466.7% in the second quarter. Versant Capital Management Inc now owns 34 shares of the information technology services provider’s stock valued at $27,000 after acquiring an additional 28 shares during the last quarter. EntryPoint Capital LLC raised its holdings in ServiceNow by 3,900.0% during the first quarter. EntryPoint Capital LLC now owns 40 shares of the information technology services provider’s stock worth $30,000 after acquiring an additional 39 shares in the last quarter. Truvestments Capital LLC acquired a new position in ServiceNow during the third quarter valued at approximately $30,000. Finally, Ridgewood Investments LLC bought a new position in ServiceNow in the second quarter valued at approximately $32,000. Institutional investors and hedge funds own 87.18% of the company’s stock. ServiceNow Company Profile ( Get Free Report ) ServiceNow, Inc provides end to-end intelligent workflow automation platform solutions for digital businesses in the North America, Europe, the Middle East and Africa, Asia Pacific, and internationally. The company operates the Now platform for end-to-end digital transformation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, and collaboration and development tools. See Also Receive News & Ratings for ServiceNow Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ServiceNow and related companies with MarketBeat.com's FREE daily email newsletter .

FORESTVILLE, Calif. (AP) — A major storm moving through Northern California on Thursday toppled trees and dropped heavy snow and record rain after damaging homes, killing two people and knocking out power to hundreds of thousands in the Pacific Northwest. Forecasters warned that the risk of flash flooding and rockslides would continue, and scores of flights were canceled at San Francisco's airport. In Washington, more than 320,000 people — most of them in the Seattle area — were still without power as crews worked to clear streets of electrical lines, fallen branches and debris. Utility officials said the outages, which began Tuesday, could last into Saturday. Meanwhile on the East Coast, where rare wildfires have raged, New York and New Jersey welcomed much-needed rain that could ease the fire danger for the rest of the year. The National Weather Service extended a flood watch into Saturday for areas north of San Francisco as the region was inundated by the strongest atmospheric river — a long plume of moisture that forms over an ocean and flows through the sky over land — this season. The system roared ashore Tuesday as a “bomb cyclone,” unleashing fierce winds . Communities in Washington opened warming centers offering free internet and device charging. A number of medical clinics closed because of power outages. “I’ve been here since the mid-’80s. I haven’t seen anything like this,” said Trish Bloor, who serves on the city of Issaquah’s Human Resources Commission, as she surveyed damaged homes. Up to 16 inches (about 41 centimeters) of rain was forecast in southwestern Oregon and California's northern counties through Friday. The Sonoma County Airport, in the wine country north of San Francisco, received 6.92 inches (17.5 centimeters) Wednesday, breaking a record dating to 1998. In nearby Forestville, one person was hurt when a tree fell on a house. Small landslides were reported across the North Bay region, including one on State Route 281 on Wednesday that caused a car crash, according to Marc Chenard, a weather service meteorologist. Rain slowed somewhat, but “persistent heavy rain will enter the picture again by Friday morning,” the weather service's San Francisco office said on the social platform X. “We are not done!” Dangerous flash flooding, rockslides and debris flows were possible, especially where hillsides were loosened by recent wildfires, officials warned. Scott Rowe, a hydrologist with the weather service in Sacramento, said that so far the ground has been able to absorb the rain in California's Butte and Tehama counties, where the Park Fire burned over the summer. “It’s not necessarily how much rain falls; it’s how fast the rain falls,” Rowe said. Northern Mendocino and southern Humboldt counties received between 4 and 8 inches (10 and 20 centimeters) of rain in the last 48 hours, and similar amounts were expected over the next 48 hours, forecasters said. Wind gusts could top 50 mph (80 kph). The storm system, which first hit the Pacific Northwest on Tuesday, reached the status of “ bomb cyclone ,” which occurs when a cyclone intensifies rapidly. A winter storm watch was in place for the northern Sierra Nevada above 3,500 feet (1,066 meters), with 15 inches (38 centimeters) of snow possible over two days. Wind gusts could top 75 mph (121 kph) in mountain areas, forecasters said. Sugar Bowl Resort, north of Lake Tahoe near Donner Summit, picked up a foot (30 centimeters) of snow overnight, marketing manager Maggie Eshbaugh said Thursday. She said the resort will welcome skiers and boarders on Friday, the earliest opening date in 20 years. “And then we’re going to get another whopping of another foot or so on Saturday, so this is fantastic,” she said. Another popular resort, Palisades Tahoe, is also opening Friday, five days ahead of schedule, according to its website. The storm already dumped more than a foot of snow along the Cascades in Oregon by Wednesday night, according to the weather service. Forecasters warned of blizzard and whiteout conditions and nearly impossible travel at pass level. Falling trees struck homes and littered roads across western Washington, killing at least two people. A woman in Lynnwood was killed when a large tree fell on a homeless encampment, and another in Bellevue died when a tree fell on a home. More than a dozen schools closed in the Seattle area Wednesday, and some opted to extend the closures through Thursday. In Enumclaw, east of Seattle, residents were cleaning up after their town clocked the highest winds in the state Tuesday night: 74 mph (119 kph). Resident Sophie Keene said the powerful gusts caused transformers to blow out around town. “Things were exploding, like, everywhere,” Keene told the Seattle Times. “Like the transformers over by the park. One blew big, it looked like fireworks just going off.” Ben Gibbard, lead singer of the indie rock bands Death Cab for Cutie and Postal Service, drove from his Seattle neighborhood Thursday morning to the woods of Tiger Mountain for his regular weekday run, but there were too many trees blocking the trail. “We didn’t get hit that hard in the city,” he said. “I just didn’t assume it would be this kind of situation out here. Obviously you feel the most for people who had their homes partially destroyed by this.” In California, there were reports of more than 20,000 power outages on Thursday. Only 50 vehicles per hour were allowed through part of northbound Interstate 5 from 10 miles (16 kilometers) north of Redding to 21 miles (34 kilometers) south of Yreka due to snow, according to California's Department of Transportation. Transportation officials also shut down a two-mile (3.2 kilometer) stretch of the famed Avenue of the Giants, a scenic drive named for its towering coast redwoods, due to flooding. About 150 flights were delayed and another two dozen were canceled early Thursday at San Francisco International Airport after hundreds of delays and dozens of cancelations the previous day, according to tracking service FlightAware. Parched areas of the Northeast got a much-needed shot of precipitation Thursday, providing a bit of respite in a region plagued by wildfires and dwindling water supplies. More than 2 inches (5 centimeters) of rain was expected by Saturday morning in areas north of New York City, with snow mixed in at higher elevations. “Any rainfall is going to be significant at this point,” said Brian Ciemnecki, a weather service meteorologist in New York City, where the first drought warning in 22 years was issued this week. “Is it going to break the drought? No, we’re going to need more rain than that.” Har reported from San Francisco, and Weber from Los Angeles. Associated Press writers Hallie Golden and Gene Johnson in Seattle; Martha Bellisle in Issaquah, Washington; Sarah Brumfield in Washington, D.C.; and Michael Hill in Albany, New York, contributed.

How major US stock indexes fared Wednesday, 12/11/2024

Global Medical Device Manufacturer Selects Kneat to Digitize Computer System ValidationPresident-elect Donald Trump has once again suggested he wants to revert the name of North America’s tallest mountain — Alaska's Denali — to Mount McKinley, wading into a sensitive and decades-old conflict about what the peak should be called. Former President Barack Obama changed the official name to Denali in 2015 to reflect the traditions of Alaska Natives as well as the preference of many Alaska residents. The federal government in recent years has endeavored to change place-names considered disrespectful to Native people. “Denali” is an Athabascan word meaning “the high one" or “the great one.” A prospector in 1896 dubbed the peak “Mount McKinley” after President William McKinley, who had never been to Alaska. That name was formally recognized by the U.S. government until Obama changed it over opposition from lawmakers in McKinley's home state of Ohio. Trump suggested in 2016 that he might undo Obama's action, but he dropped that notion after Alaska's senators objected. He raised it again during a rally in Phoenix on Sunday. “McKinley was a very good, maybe a great president,” Trump said Sunday. “They took his name off Mount McKinley, right? That’s what they do to people.” Once again, Trump's suggestion drew quick opposition within Alaska. “Uh. Nope. It’s Denali,” Democratic state Sen. Scott Kawasaki posted on the social platform X Sunday night. Republican Sen. Lisa Murkowski , who for years pushed for legislation to change the name to Denali, conveyed a similar sentiment in a post of her own. “There is only one name worthy of North America’s tallest mountain: Denali — the Great One,” Murkowski wrote on X. Various tribes of Athabascan people have lived in the shadow of the 20,310-foot (6,190-meter) mountain for thousands of years. McKinley, a Republican native of Ohio who served as the 25th president, was assassinated early in his second term in 1901 in Buffalo, New York. Alaska and Ohio have been at odds over the name since at least the 1970s. Alaska had a standing request to change the name since 1975, when the legislature passed a resolution and then-Gov. Jay Hammond appealed to the federal government. Known for its majestic views, the mountain is dotted with glaciers and covered at the top with snow year-round, with powerful winds that make it difficult for the adventurous few who seek to climb it. ___ Rush reported from Portland, Oregon.

Apple's latest iPhones get the gift of more AI as holiday shopping season heats upAccomplished Leader Brings Expertise in Finance and Tribal Governance SAN DIEGO , Dec. 17, 2024 /PRNewswire/ -- Indigenized Energy, a Native-led organization building sustainable solar energy systems with Tribes nationwide, has announced the appointment of Lorilee J. Morsette , MS, THRP as Chief Operating Officer (COO). Morsette previously served as President of National Accounts for Tribal Markets at Mutual of America Financial Group and led HR operations for nearly 600 employees at the Nisqually Indian Tribe in Olympia, Washington . As COO, Morsette will oversee program delivery, finance, human resources, technology, and will ensure operational excellence. The newly created COO role is integral to scaling the organization's impact in 2025 and beyond. In April, Indigenized Energy, along with its partners the MHA Nation-Three Affiliated Tribes and the Tribal Renewal Energy Coalition, were awarded $135.5M in Solar for All funding by the EPA. A Suquamish and Chippewa-Cree from Rocky Boy, Montana , Morsette brings a visionary approach informed by the historical challenges faced by Indian Country. Morsette said, "Joining Indigenized Energy allows me to combine my expertise in financial services with my deep commitment to advancing opportunities for Native Americans. Our community's strength lies in our autonomy, and Indigenized Energy stands as a beacon of hope towards that goal. Together, we are Native-led, driven by our shared values, and contributing to a future where all voices and spirits thrive." Morsette's leadership adds depth to Indigenized Energy's executive team, which already excels in solar technology and tribal relations. Her presence is a milestone for Native women in leadership: women hold only 15% of C-suite roles in the finance sector and 18% in the solar industry, with Native American women representing a fraction of these figures. Cody Two Bears, Founder and CEO of Indigenized Energy said, "If we wrote a COO job description that called for expertise in corporate finance, management, Tribal governance, and values that align seamlessly with our own, and then looked for a Native American woman, we never would have found that. We cast a wider net and fortunately, connected with Lorilee at a time when she was open to a bold new leadership opportunity. Her appointment is a testament to the right timing and shared vision. I have no doubt." About Indigenized Energy With a mission focused on developing innovative and practical energy solutions, Indigenized Energy endeavors to support tribal autonomy, economic development, and environmental stewardship through clean energy initiatives. Indigenized Energy is registered as a charitable corporation in North Dakota and is a fiscally sponsored project of Mission Edge San Diego, a 501(c)(3) nonprofit headquartered in San Diego. Our Federal Tax ID # 27-2938491. https://www.4indigenized.energy/ View original content to download multimedia: https://www.prnewswire.com/news-releases/indigenized-energy-names-lorilee-j-morsette-as-chief-operating-officer-302334331.html SOURCE Indigenized Energy

Megan Moroney isn’t one for, ahem, splitting hairs. When a TikTok user posted a video criticizing the country star’s hair extensions at the 2024 CMA Awards (held Wednesday, November 20) she didn’t miss a beat before clapping back. The video in question featured a shot of the TV screen showing Moroney, 27, accepting her award for best new artist of the year. The user went off in the caption, claiming the country singer’s extensions were two different colors. “I swear the hairstylist brain never shuts off. Who matched her extensions???” the user wrote. Adding: “She’s golden on the top and ashy ends.” Since then, the video has amassed 900,000 views (and counting), one of which was apparently Moroney, who responded with a sarcastic but no less pointed response, writing: “Very nice of u!” Other commenters were quick to come to Moroney’s defense. “As a fellow extension blondie, it’s the lighting! You looked beautiful, congratulations!” one user replied to her comment. “Literally. Megan looked BEAUTIFUL. Her hair slayed the outfit slayed, like, they need to leave her alone,” said another. A third wrote, “You looked beautiful Meg, don’t let this one comment overshadow the hundreds others praising you!” Indeed, Moroney was a winner in more ways than one, not least of all for her red-carpet style. The singer stunned in an ultramarine Christian Siriano mermaid gown with a dramatic organza tulle skirt that earned her a top spot on Us Weekly ’s annual CMA Awards best-dressed list . Speaking on Hulu’s red carpet live stream, Moroney described her look as “very blue and very sparkly.” She accessorized with Giuseppe Zanotti heels and a custom Edie Parker clutch that spelled out the name of her latest album, “Am I Okay?” in pitch-perfect blue cursive lettering. Moroney went full country glamour above the neck. Her bright blond tresses were thoroughly teased, fluffed and curled into a crown of big barrel waves. Meanwhile, makeup artist Jessica Candage used SHEGLAM products to create the singer’s bold lashes, glitter-flecked eye shadow and glossy pink lips. The end result read: southern belle, but make it red carpet. You have successfully subscribed. By signing up, I agree to the Terms and Privacy Policy and to receive emails from Us Weekly Check our latest news in Google News Check our latest news in Apple News After performing her single, “Am I Okay?” during the show, Moroney lassoed the CMA award for best new artist, a career milestone which she lovingly dedicated to her legions of fans at home. “This is for the fans... they’re a large reason why I’m up here right now,” she gushed in her speech. “The way they show up for me, the way they care about my songs, and they make signs and T-shirts, and they wait outside the venue starting at 3 a.m. It’s really insane to me.” And now Moroney can thank them for standing up against her haters on social media, too.Nomex paper covered aluminum flat wire letters are mainly used in electromagnetic coils, high frequency cables and communication cables. 12-11-2024 09:36 PM CET | Associations & Organizations Press release from: ABNewswire What is Nomex paper covered aluminum flat wire letters? Nomex paper coated aluminum flat wire is a composite material composed of Nomex paper and aluminum flat wire. Nomex paper is a kind of paper with high temperature resistance and chemical corrosion resistance, and aluminum flat wire refers to the aluminum wire with a flat cross-section. This composite material is wound together in a certain way to form a coil material with a letter mark. What is the use of Nomex paper wrapped aluminum flat wire [ https://www.xinyu-enameledwire.com/ ] letters? Nomex paper covered aluminum flat wire letters are mainly used in electromagnetic coils, high frequency cables, communication cables and other fields. In the electromagnetic coil, the Nomex aluminum flat wire as a winding material can play the role of electrical insulation, conduction, heat dissipation, etc., so that the performance of the entire coil is more stable. In high-frequency cables and communication cables, Nomex paper coated aluminum flat wire letters can improve the speed and stability of cable transmission signals, and have better anti-interference and anti-drought performance. With the development and popularization of electronic information technology, the demand of Nomex paper coated aluminum flat wire letters in the field of communication and information will be increasing. In short, as a kind of composite material with high temperature resistance, corrosion resistance and good electrical conductivity, Nomex paper coated aluminum flat wire letters have been widely used in the electronic information industry, and its application fields will be more and more extensive. Media Contact Company Name: SUZHOU WUJIANG XINYU ELECTRICAL MATERIAL CO., LTD. Email:Send Email [ https://www.abnewswire.com/email_contact_us.php?pr=nomex-paper-covered-aluminum-flat-wire-letters-are-mainly-used-in-electromagnetic-coils-high-frequency-cables-and-communication-cables ] Country: China Website: https://www.xinyu-enameledwire.com/ This release was published on openPR.

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