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US adds 9th telcom to list of companies hacked by Chinese-backed Salt Typhoon cyberespionage
Aker ASA ( OTCMKTS:AKAAF – Get Free Report ) was the target of a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 7,000 shares, a decline of 58.1% from the October 31st total of 16,700 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is presently ∞ days. Aker ASA Stock Performance Shares of OTCMKTS AKAAF opened at $49.65 on Friday. Aker ASA has a 52-week low of $49.65 and a 52-week high of $49.65. The firm’s 50 day moving average price is $49.66 and its 200-day moving average price is $51.93. About Aker ASA ( Get Free Report ) Read More Receive News & Ratings for Aker ASA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aker ASA and related companies with MarketBeat.com's FREE daily email newsletter .Wall Street’s holiday cheer ended abruptly today, with all three main benchmarks closing lower in a broad-based sell-off affecting even tech and growth stocks that had driven markets higher through much of the shortened trading week. The decline ended the Dow Jones Industrial Average’s five-session winning streak that had followed a 10-session decline, its worst losing stretch since 1974. The Dow fell 333.59 points, or 0.77%, to 42,992.21. The S&P 500 lost 66.75 points, or 1.11%, to finish at 5,970.84 points, while the Nasdaq Composite dropped 298.33 points, or 1.49%, to end at 19,722.03. “Today feels like there is quite a bit of profit-taking across the board,” said Michael Reynolds, vice president of investment strategy at Glenmede. “We are more than two years into a pretty strong bull market ... so it’s really not surprising to see some people taking their profits and rebalancing their portfolios ahead of the new year.” Highlighting the profit-taking theme, the 45 top performers year-to-date on the S&P 500 all finished lower today. The sell-off thwarted the seasonal Santa Claus rally, in which stocks traditionally rise during the last five sessions of December and the first two of January. Since 1969, the S&P 500 has climbed 1.3% on average, according to the Stock Trader’s Almanac. Thursday’s session hinted at momentum stalling, with both the S&P 500 and Nasdaq posting marginal losses to end multi-session winning runs. Rising U.S. Treasury yields had been catching investors’ attention, with the benchmark 10-year note hitting a more than seven-month high in the previous session. The yield hovered close to that mark today, at 4.63%. Higher yields are seen as hampering growth stocks, as they raise borrowing costs for business expansion. These stocks, especially the so-called Magnificent Seven technology megacaps which had been key drivers of the market’s 2024 rally, were also caught up in Friday’s sell-off. For the second successive day, Tesla led decliners among the group, dropping 5%. Among the other members, Nvidia shed 2.1% while Alphabet, Amazon.com and Microsoft all slipped more than 1.5%. “We have a higher cost of capital whenever rates go up like this, and they have gone up pretty significantly over the last month or so,” said Glenmede’s Reynolds. “Investors may just be reassessing the bets they are taking when the cost of capital is higher, perhaps looking at some of the valuations on the Mag 7 and wondering whether they can find better value elsewhere.” All of the 11 major S&P sectors fell. Friday’s worst performers were the three indexes which have been 2024’s leading lights: consumer discretionary, information technology and communication services. The trio dropped between 1.1% and 1.9% on the day. Despite Friday’s declines, all three indexes recorded weekly gains. For the week, the S&P 500 advanced 0.7%, the Dow edged up 0.36% and the Nasdaq climbed 0.75%. News events helped some stocks to buck the market sell-off. Amedisys gained 4.7%, its best one-day advance since July 1, after the home health service provider and insurer UnitedHealth extended the deadline to close their $3.3 billion merger. Lamb Weston climbed 2.6% after a filing showed activist investor Jana Partners is working with a sixth executive to push for changes at the French fry maker, a move which could result in a majority of the company’s board being replaced. Trading volumes in this holiday-shortened week have been below the average of the last six months and are likely to remain subdued until Jan. 6. The next major focus for markets will be the December employment report due on Jan. 10.
Trader Joe’s shoppers call stores ‘a hellish experience’ and reveals two reasons why chain is ‘going downhill’
Biden aides mulling preemptive pardons for Dr. Fauci, Liz Cheney and host of Trump critics in his line of fire By NIKKI SCHWAB, CHIEF CAMPAIGN CORRESPONDENT FOR DAILYMAIL.COM IN WASHINGTON, D.C. Published: 22:52, 4 December 2024 | Updated: 23:15, 4 December 2024 e-mail 227 View comments Aides of President Joe Biden are debating whether the outgoing Democratic president should issue preemptive pardons for figures President-elect Donald Trump has named as his political enemies. Politico reported Wednesday that among those being discussed for blanket pardons are former GOP Rep. Liz Cheney , Sen.-elect Adam Schiff and Dr. Anthony Fauci . Biden - who has been busy dealing with the fallout from his decision to pardon his son Hunter over gun and tax crimes - hasn't been brought into the discussions yet, the outlet said. White House officials fear that doling out pardons to people who haven't been charged with a crime could suggest impropriety. But there's also a worry that if Kash Patel is successfully elevated to head of the FBI , Trump could truly go after his critics, as Patel has suggested. Cheney was one of only two Republican members of the House's select committee on the January 6 Capitol attack. The daughter of former Republican Vice President Dick Cheney, she became the face of the 'Country over Party' movement during the 2024 election cycle, campaigning alongside eventual Democratic nominee, Vice President Kamala Harris . Trump has pushed that Cheney 'should go to Jail along with the rest of the Unselect Committee!' Aides of President Joe Biden are discussing whether he should give blanket pardons to those deemed as enemies to President-elect Donald Trump including former GOP Rep. Liz Cheney (right) seen campaigning alongside Democratic nominee, Vice President Kamala Harris Others being considered for preemptive pardons, according to Politico, are Dr. Anthony Fauci, who MAGA blames for the bungled pandemic response and Sen.-elect Adam Schiff, who was involved in the original Trump-Russia investigation Schiff has been a longtime foe of Trump due to his involvment in the Russia investigation as the top Democrat on the House Intelligence Committee. The California Democrat was also the lead impeachment manager during Trump's first impeachment, which involved a pressure campaign on the Ukrainian president. Trump nicknamed the outgoing congressman, who will be sworn-in as California's newest senator come January, 'Shify Schiff' and 'pencil neck.' Fauci, the former head of the National Institute of Allergy and Infectious Diseases, received much of the brunt from conservatives for the Trump administration's bungled response to the COVID-19 pandemic. One of Trump's top allies on Capitol Hill, GOP Rep. Marjorie Taylor Greene, has repeatedly called on Fauci to be jailed. 'You should be prosecuted for crimes against humanity. You belong in prison, Dr. Fauci,' she said during one Congressional hearing. During Trump's first run at the White House, his supporters repeatedly chanted 'lock her up!' about Democratic nominee Hillary Clinton over her decision to use a private email server while serving as secretary of State. But Trump never took action once in office. President Joe Biden hasn't been brought into the discussions staff is having about doling out preemptive pardons to Trump's political enemies In 2024, however, Trump ran on a platform of 'retribution' and revenge. Politico reported that 'the beneficiaries know nothing' about being considered by the Biden administration for a preemptive pardon. Schiff said that he wouldn't want to be a recipient. 'I would urge the president not to do that,' Schiff told Politico. 'I think it would seem defensive and unnecessary.' Liz Cheney Joe Biden Donald Trump Politics Share or comment on this article: Biden aides mulling preemptive pardons for Dr. Fauci, Liz Cheney and host of Trump critics in his line of fire e-mail Add comment
Apple appeals Nebraska tax ruling resulting in $652K in additional taxesTech entrepreneur Elon Musk caused uproar after backing Germany’s far-right party in a major newspaper ahead of key parliamentary elections in the Western European country, leading to the resignation of the paper’s opinion editor in protest. Germany is to vote in an early election on Feb 23 after Chancellor Olaf Scholz’s three-party governing coalition collapsed last month in a dispute over how to revitalize the country’s stagnant economy. Musk's guest opinion piece for Welt am Sonntag — a sister publication of POLITICO owned by the Axel Springer Group — published in German over the weekend, was the second time this month he supported the Alternative for Germany, or AfD. “The Alternative for Germany (AfD) is the last spark of hope for this country," Musk wrote in his translated commentary. He went on to say the far-right party “can lead the country into a future where economic prosperity, cultural integrity and technological innovation are not just wishes, but reality.” The Tesla Motors CEO also wrote that his investment in Germany gave him the right to comment on the country's condition. The AfD is polling strongly, but its candidate for the top job, Alice Weidel, has no realistic chance of becoming chancellor because other parties refuse to work with the far-right party. An ally of U.S. President-elect Donald Trump, the technology billionaire challenged in his opinion piece the party's public image. “The portrayal of the AfD as right-wing extremist is clearly false, considering that Alice Weidel, the party’s leader, has a same-sex partner from Sri Lanka! Does that sound like Hitler to you? Please!” Musk’s commentary has led to a debate in German media over the boundaries of free speech, with the paper's own opinion editor announcing her resignation, pointedly on Musk's social media platform, X. “I always enjoyed leading the opinion section of WELT and WAMS. Today an article by Elon Musk appeared in Welt am Sonntag. I handed in my resignation yesterday after it went to print," Eva Marie Kogel wrote. The newspaper was also attacked by politicians and other media for offering Musk, an outsider, a platform to express his views, in favor of the AfD. Candidate for chancellor, Friedrich Merz, of the Christian Democratic Union, said Sunday that Musk's comments were “intrusive and presumptuous”. He was speaking to the newspapers of the German Funke Media Group. Co-leader of the Social Democratic Party, Saskia Esken said that “Anyone who tries to influence our election from outside, who supports an anti-democratic, misanthropic party like the AfD, whether the influence is organized by the state from Russia or by the concentrated financial and media power of Elon Musk and his billionaire friends on the Springer board, must expect our tough resistance,” according to the ARD national public TV network. Musk's opinion piece in the Welt am Sonntag was accompanied by a critical article by the future editor-in-chief of the Welt group, Jan Philipp Burgard. “Musk’s diagnosis is correct, but his therapeutic approach, that only the AfD can save Germany, is fatally wrong,” Burgard wrote. Responding to a request for comment from the German Press Agency, dpa, the current editor-in-chief of the Welt group, Ulf Poschardt, and Burgard — who is due to take over on Jan. 1 — said in a joint statement that the discussion over Musk's piece was "very insightful. Democracy and journalism thrive on freedom of expression.” “This will continue to determine the compass of the “world” in the future. We will develop “Die Welt” even more decisively as a forum for such debates,” they wrote to dpa.
Times Square New Year's Eve Ball Drop: What to know about celebration, how to watchUS President-elect Donald Trump filed a brief Friday urging the Supreme Court to pause a law that would ban TikTok the day before his January 20 inauguration if it is not sold by its Chinese owner ByteDance. "In light of the novelty and difficulty of this case, the court should consider staying the statutory deadline to grant more breathing space to address these issues," Trump's legal team wrote, to give him "the opportunity to pursue a political resolution." Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Success! An email has been sent to with a link to confirm list signup. Error! There was an error processing your request. Get the latest need-to-know information delivered to your inbox as it happens. Our flagship newsletter. Get our front page stories each morning as well as the latest updates each afternoon during the week + more in-depth weekend editions on Saturdays & Sundays.