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NEW YORK (AP) — U.S. stocks rose Monday, with those benefiting the most from lower interest rates and a stronger economy leading the way. The S&P 500 climbed 0.3% to pull closer to its all-time high set two weeks ago. The Dow Jones Industrial Average added 440 points, or 1%, to its own record set on Friday, while the Nasdaq composite rose 0.3%. Treasury yields also eased in the bond market amid what some analysts called a “Bessent bounce” after President-elect Donald Trump said he wants Scott Bessent , a hedge fund manager, to be his Treasury Secretary. Bessent has argued for reducing the U.S. government’s deficit, which is how much more it spends than it takes in through taxes and other revenue. Such an approach could soothe worries on Wall Street that Trump’s policies may lead to a much bigger deficit, which in turn would put upward pressure on Treasury yields. After climbing above 4.44% immediately after Trump’s election, the yield on the 10-year Treasury fell back to 4.26% Monday, down from 4.41% late Friday. That’s a notable move, and lower yields make it cheaper for all kinds of companies and households to borrow money. They also give a boost to prices for stocks and other investments. That helped stocks of smaller companies lead the way, and the Russell 2000 index of smaller stocks jumped 1.5%. It finished just shy of its all-time high, which was set three years ago. Smaller companies can feel bigger boosts from lower borrowing costs because of the need for many to borrow to grow. The two-year Treasury yield, which more closely tracks the market’s expectations for what the Federal Reserve will do with overnight interest rates, also eased sharply. The Fed began cutting its main interest rate just a couple months ago from a two-decade high, hoping to keep the job market humming after bringing inflation nearly all the way down to its 2% target. But immediately after Trump’s victory, traders had reduced bets for how many cuts the Fed may deliver next year. They were worried Trump’s preference for lower tax rates and higher spending on the border would balloon the national debt. A report coming on Wednesday could influence how much the Fed may cut rates. Economists expect it to show that an underlying inflation trend the Fed prefers to use accelerated to 2.8% last month from 2.7% in September. Higher inflation would make the Fed more reluctant to cut rates as deeply or as quickly as it would otherwise. Goldman Sachs economist David Mericle expects that to slow by the end of next year to 2.4%, but he said inflation would be even lower if not for expected tariff increases on imports from China and autos favored by Trump. In the stock market, Bath & Body Works jumped 16.5% after delivering stronger profit for the latest quarter than analysts expected. The seller of personal care products and home fragrances also raised its financial forecasts for the full year, even though it still sees a “volatile retail environment” and a shorter holiday shopping season this year. Much focus has been on how resilient U.S. shoppers can remain, given high prices across the economy and still-high interest rates. Last week, two major retailers sent mixed messages. Target tumbled after giving a dour forecast for the holiday shopping season. It followed Walmart , which gave a much more encouraging outlook. Another big retailer, Macy’s, said Monday its sales for the latest quarter were in line with its expectations, but it will delay the release of its full financial results. It found a single employee had intentionally hid up to $154 million in delivery expenses, and it needs more time to complete its investigation. Macy’s stock fell 2.2%. Among the market’s leaders were several companies related to the housing industry. Monday’s drop in Treasury yields could translate into easier mortgage rates, which could spur activity for housing. Builders FirstSource, a supplier or building materials, rose 5.9%. Homebuilders, D.R. Horton, PulteGroup and Lennar all rose at least 5.6%. All told, the S&P 500 rose 18.03 points to 5,987.37. The Dow Jones Industrial Average jumped 440.06 to 44,736.57, and the Nasdaq composite gained 51.18 to 19,054.84. In stock markets abroad, indexes moved modestly across much of Europe after finishing mixed in Asia. In the crypto market, bitcoin was trading below $95,000 after threatening to hit $100,000 late last week for the first time. AP Business Writer Elaine Kurtenbach contributed.BIRMINGHAM, Ala. (AP) — Riley Allenspach and Trey Fort scored 15 apiece in Samford's 72-47 victory over Austin Peay on Sunday. Allenspach shot 6 of 12 from the field and 3 for 4 from the line for the Bulldogs (9-2). Fort went 5 of 9 from the field (5 for 8 from 3-point range). The Governors (4-5) were led by Darius Dawson with 18 points. Akili Evans added 10 points and three steals. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .What About 2026? | @amacforamerica
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Scientists are racing to find out F or millennia , people have altered food to please their palettes. More than 3,000 years ago Mesoamericans, living in what is Mexico and Central America today, cooked corn kernels in a solution of wood ash or limestone. The process, known as nixtamalisation, unlocked nutrients and softened the tough outer shells of the corn, making them easier to grind. Discover more Scientific publishers are producing more papers than ever Concerns about some of their business models are building The two types of human laugh One is caused by tickling; the other by everything else Scientists are building a catalogue of every type of cell in our bodies It has thus far shed light on everything from organ formation to the causes of inflammation How squid could help people get over their needle phobia Cephalopod ink propulsion is inspiring an alternative to syringes Norway’s Atlantic salmon risks going the way of the panda Climate change and fish farming are endangering its future Artificial intelligence is helping improve climate models More accurate predictions will lead to better policy-makingNone
Tyrese Hunter tossed in a game-high 26 points to lead Memphis to a 99-97 upset victory over No. 2 UConn on Monday in the first round of the Maui Invitational in Lahaina, Hawaii. Hunter, who played at Iowa State and Texas before transferring to Memphis, made eight field goals with 7-of-10 3-point shooting. The Tigers (5-0) connected on 12 of their 22 3-point attempts in the win. UConn's Hassan Diarra made a free throw to cut the Memphis lead to 99-97 with 2.2 seconds left. He intentionally missed the second free throw and collected the loose ball, but his desperation shot was off the mark. It was 92-92 when UConn's Liam McNeeley was called for an offensive foul with 40.3 seconds left. UConn coach Dan Hurley received a technical for arguing the foul call, and PJ Carter made all four free throws to give the Tigers a four-point lead. Memphis, which squandered a 13-point lead with four minutes to play in regulation, received 22 points from PJ Haggerty, 19 from Colby Rogers and 14 from Dain Dainja. Memphis will play the winner of Monday night's game between Colorado and Michigan State in Tuesday's semifinals. UConn will face the loser of that contest. Tarris Reed Jr. had a team-high 22 points and a game-high 11 rebounds for UConn (4-1) before he fouled out with 3:18 to play. He made 10 of his 13 field goal attempts. Alex Karaban added 19 points for the Huskies. Jaylin Stewart scored a career-high 16 points, Diarra had 12 and McNeeley added 10. UConn trailed 82-79 after Diarra made two free throws with 24.2 seconds to play in regulation. The Huskies then forced a turnover and tied the game on a 3-pointer by Solo Ball with 1.2 on the clock. Although Memphis shot 56.5 percent from the field (13 for 23) and 50 percent from 3-point territory (5 for 10) in the first half, the game was tied 40-40 after 20 minutes. Neither team led by more than six points in the half. UConn received 29 points from its bench in the first half. Reed scored 15 of those points and Stewart supplied the other 14. --Field Level MediaJudge schedules trial in Meta antitrust case
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If you think you’ve got your work cut out this Christmas , spare a thought for the staff of the UK’s largest paper recycling factory. Piles of giftwrap and cards in the average living room are a drop in the ocean compared to the daily lot of this hardworking team. Kemsley Paper Mill receives 144 lorries of waste a day to be recycled. It is Europe’s second largest and processes 830,000 tons a year. Christmas is the busiest time and Black Friday has brought the festive rush much earlier. Operations director Guy Lacey says: “We get very, very busy in that period with packaging coming from people’s homes. Sometimes the recycling network really struggles with the volume.” One problem is that not all packaging is recyclable and gets mixed in with the all the stuff that is. Guy explains: “With the packaging that has glitter on it, we can’t really make good use of it. Anything that contains plastics or anything that is added to the product can cause us problems with the recycling or in the later process.” The Kent factory is run by DS Smith which recommends a ‘scrunch test’ before people stick wrapping paper in their recycling bins. If it stays scrunched up when you crumple it in your hand it is good to go. If not it has a plastic film so cannot be recycled. Research by the London-based packaging giant estimates that the nation is set to waste 300,000 tons of packaging this festive season. Over a quarter of this could end up not being recycled. Contamination is a big reason it ends in landfill instead. In a perfect world , Guy believes everyone should have a separate bin for paper and cardboard. He adds: “Having one bin for all recycling does make things harder. If people put in something like a baked bean can with residue in or a milk carton that still has a bit inside, then this can contaminate the paper so much it can’t be accepted for recycling and sent to us. “When paper and plastic get wet they can also stick together so it is very difficult for the sorting stations to sort it out. “In an ideal world everyone would have a single bin for paper and cardboard they could keep dry but I appreciate there are challenges, such as with big tower blocks having too many bins. “Making sure you avoid contamination, by cleaning out food packets for example, and keeping it as separate as possible massively helps us.” During our visit to Kemsley, near Sittingbourne, we were shown how waste is turned back into paper – something that takes just 20 minutes. Material comes in on lorries from sorting hubs, where it has been separated from plastics, cans and glass. Kemsley’s job is to get as many of the paper-making fibres out of that recovered paper as they possibly can. Guy says: “That does still have some contamination in it. We bring warm water and put it into a big blender, stir it up and it releases all the paper-making fibres. We then have a slurry of fibre which we make paper from and we clean it as best we can using various different technologies to remove the different materials. “Once we have the fibre at a clean level, we make another sheet of paper in one of our paper machines by removing the water, and dry it.” This is then reeled up into giant three-ton rolls of paper, most of which are sent to DS Smith box plants where they are converted into board and boxes for packaging, with the remaining produce used for specialist papers. It is all 100% recyclable. The UK’s paper and cardboard recycling rate is lagging – we are 25th out of 30 European nations, with recycling rates of just 73% compared to the average of 82%. But Guy says he does believe people are making more effort. He adds: “I think there will be more of a generational shift. When I was at school we didn’t have recycling at home but younger people have grown up with it and understand the role they play in it.” Kemsley started out producing newsprint and is celebrating its 100th year of operation. Guy says: “If we didn’t exist, that incoming material would have nowhere to go and would just be burned and put into a hole in the ground. “This is really valuable stuff that can be reused time and time again into paper and boxes.”
India News Today Live Updates: Trending India News brings you the most significant stories and developments from across the nation, covering everything from politics and economy to culture and technology. Whether it's a major policy change, a groundbreaking legal verdict, or the latest in entertainment and sports, we ensure you don't miss out on the news that's shaping the nation. Our in-depth coverage and timely updates keep you informed about the trends that are making headlines in India today. Stay connected to the pulse of the nation with Trending India News. India News Today Live: How the North is shaping India’s ‘smog economy’ India News Today Live: PM Modi likely to kick off internship scheme on 2 December
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