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House lawmakers will soon vote on a bill to avert a partial government shutdown after a similar measure backed by President-elect Trump failed Thursday.

Congress is scrambling for a path forward as the clock ticks closer to the federal funding deadline, with a partial shutdown expected at 12:01 a.m. Saturday if no action is taken.

Speaker Mike Johnson, R-La., suggested there would be a House-wide vote Friday when leaving a closed-door House GOP meeting where leaders presented their plan.

‘I expect that we will be proceeding forward,’ Johnson said. ‘We will not have a government shutdown, and we will meet our obligations for our farmers who need aid, for the disaster victims all over the country and for making sure that military and essential services and everyone who relies upon the federal government for a paycheck is paid over the holidays.’

Meanwhile, the national debt has climbed past $36 trillion, and the deficit is over $1.8 trillion.

Multiple lawmakers told Fox News Digital the forthcoming legislation would extend current government funding levels through mid-March, a measure known as a continuing resolution (CR), paired with just over $100 billion in disaster relief aid for victims of storms Helene and Milton, as well as assistance for the agriculture industry.

Johnson’s aim is to bypass regular House procedures to get the legislation straight to a chamber-wide vote, a maneuver known as ‘suspension of the rules.’

In exchange for the fast track, however, the threshold for passage is raised from a simple majority to two-thirds of the House chamber, meaning Democratic support is critical.

Rep. Thomas Massie, R-Ky., told reporters he believed Johnson struck an agreement with House Minority Leader Hakeem Jeffries, D-N.Y. A longtime Johnson critic, Massie said he would not vote for the bill.

‘Trump wanted a debt limit increase, and now we’re bringing the exact same bill to the floor without the debt limit increase,’ Massie said.

Another Republican lawmaker argued Johnson would not move forward without Trump’s blessing.

‘We wouldn’t do it if they weren’t,’ Rep. Dan Meuser, R-Pa., said when asked if Trump and Elon Musk were supportive of the deal.

Trump and Musk led the conservative rebellion against the initial plan to avert a partial shutdown, a bipartisan deal that came from negotiations between the top two Democrats and Republicans in both Congressional chambers.

That bill, 1,547 pages, would have extended current government funding levels until March 14. However, GOP hardliners were angered by what they saw as unrelated measures attached to the bill, like a pay raise for congressional lawmakers, health care policy provisions and legislation aimed at revitalizing RFK Stadium in Washington, D.C.

It was scrapped as Trump and Musk threatened to force out of office any lawmaker who did not support pairing a CR with action on the debt limit.

The debt limit is suspended until January 2025 through a prior bipartisan deal, but Trump had pushed for Republicans to act on it now to avoid a messy, protracted fight early in his term.

The second iteration of the funding deal was much slimmer, coming in at 116 pages. It excluded the stadium bill and the congressional pay raise, but still included measures to fund the rebuilding of Baltimore’s Francis Scott Key Bridge and disaster aid funding. It also suspended the debt limit through January 2027.

A House vote on the second plan went down in flames, however, after 38 Republicans opposed to raising or suspending the debt limit voted with all but two Democrats to defeat the bill.

Johnson huddled with those holdouts Friday morning, along with Trump’s nominee to lead the Office of Management and Budget, Russell Vought, and Vice President-elect JD Vance. 

The latest plan that’s expected to get a vote does not act on the debt limit, but Johnson pledged in that closed-door meeting to raise the debt limit early next year as part of Republicans’ plans for a massive policy and spending overhaul.

During their closed-door meeting Friday, House GOP leaders unveiled their CR plan as well as a plan to raise the debt limit by $1.5 trillion, followed by $2.5 trillion in net spending cuts, multiple people told Fox News Digital.

It’s still not clear if the bill will sway all the 38 holdouts, however. Many had advocated for a plan to separate the CR from disaster relief and agricultural aid to vote on ‘single-subject’ bills.

But with a partial government shutdown looming just hours away, it appeared House leaders were running out of time to get that done by the end of Friday.

This post appeared first on FOX NEWS

Semiconductors are at a crossroads, with innovation fueling growth and tariffs threatening profits.  How might you navigate this potentially volatile landscape and identify opportunities without getting burned?

In 2025, analysts predict AI will drive explosive demand in the semiconductor industry, fueling innovation and revenue growth. At the same time, this optimism is tempered by the new administration’s tariff policies, which threaten to disrupt global supply chains, increase costs, and reshape the competitive landscape for chipmakers.

This tug-of-war between bullish and bearish forecasts is best exemplified by the VanEck Semiconductor ETF (SMH) price action, a reliable proxy for the semiconductor industry. Here’s a weekly chart.

FIGURE 1. WEEKLY CHART OF SMH. Congestion narrowing within a wider trading range may indicate that bulls and bears are in temporary equilibrium, with neither buyers nor sellers showing enough conviction to drive a decisive breakout or breakdown. Chart source: StockCharts.com. For educational purposes.

There’s a narrowing, range-bound movement between its all-time high near $283 and the swing low of $280 (see blue dotted lines). The increasingly tight congestion range over the last three months, as highlighted by the magenta rectangle, suggests increased indecision among bulls and bears. Despite the temporary standstill, semiconductor stocks are outperforming their tech sector peers (see price performance against XLK) by only 29% and the S&P 500 by 51%.

While AI chip demand will likely see significant growth in the future, the effects of tariffs and reshoring may bring sharp and near-term pain to most chipmakers, particularly semiconductor companies that are most reliant on Asian production. Domestic chipmakers with minimal reliance on overseas manufacturing may fare better under these conditions.

With that in mind, let’s take a look at SMH’s top three holdings—NVIDIA Corp. (NVDA), Taiwan Semiconductor Manufacturing Company (TSM), and Broadcom Inc. (AVGO)—all of which play a leading role in AI chip development, but have different levels of reliance in the global chip supply chain.

FIGURE 2. PERFCHARTS COMPARING SMH AGAINST ITS TOP THREE HOLDINGS. Note the late jump in AVGO. Chart source: StockCharts.com. For educational purposes.

All three of SMH’s top holdings are outperforming their industry peers with NVDA on top, TSM second, and AVGO third. Understanding that late jump in AVGO might require some context (which we’ll get into later).

NVDA is the world’s AI chip leader.TSM, is the world’s top chip foundry, and main producer of NVDA’s GPUs.AVGO is a diversified supplier of data center components which are the backbone of AI infrastructure. Unlike NVDA, its business model is less exposed to reshoring effects.

NVIDIA (NVDA): The AI Semiconductor Leader

Take a look at the rounding top pattern on the daily chart.

FIGURE 3. DAILY CHART OF NVDA. Rounding tops are bearish, but tend to break higher more than 50% of the time. Chart source: StockCharts.com. For educational purposes.

According to Thomas Bulkowski’s Encyclopedia of Chart Patterns, while rounding tops are typically viewed as bearish, more than half the time they break upwards, challenging that assumption. In many cases, the rim on the right is higher than the one on the left. In the case above, the rim is formed by a price bounce off the 100-day simple moving average (SMA). 

Both the 100-day and 200-day SMAs are likely to act as strong support unless there is a significant change in the chipmaker’s fundamentals. While NVDA’s uptrend remains intact, momentum seems to be weakening as suggested by the decline in the money flow index (MFI). Keep an eye on this development, especially if it breaks below the 100-day SMA and bounces off the 200-day SMA.

Next, let’s take a look at NVDA’s main chip foundry: TSM.

Taiwan Semiconductor Manufacturing Company (TSM): The Foundry

TSM’s daily chart doesn’t look too different from NVDA’s. Remember, TSM is NVDA’s main chip foundry, and so NVDA is highly dependent on TSM (rather than the other way around).

FIGURE 4. DAILY CHART OF TSM. The stock’s price is chugging along with plenty of support. Chart source: StockCharts.com. For educational purposes.

You can see the difference between the stock’s volatile rise in price against a gradual decline in the RSI. TSM’s recent price action over the last three months has succumbed to this drop in bullish momentum. 

The stock is reacting strongly to the 100-day and 200-day SMAs, suggesting a high likelihood of bouncing off these levels again should price continue to decline from the current levels.

Broadcom (AVGO): A More Diversified AI and Semiconductor  Play

Broadcom also uses TSM’s foundry services, but it has a few other foundries in Asia and Europe. Because of its wide range of products and its focus on data centers, AVGO is more diversified and less exposed to the same supply chain risks as NVDA. Perhaps this (plus the company’s optimistic 2025 revenue projection) is why its shares have recently outperformed the other two companies above, hitting an all-time high in late December. 

Let’s take a look at AVGO’s daily chart.

FIGURE 5. DAILY CHART OF AVGO. The December gap followed strong company guidance. Chart source: StockCharts.com. For educational purposes.

AVGO’s uptrend going back to November 2023 runs a similar course to NVDA and TSM. Its uptrend experienced some moments of volatility yet remained relatively sold. Its price fluctuations also reacted strongly to both the 100-day and 200-day SMAs, finding support with both.

However, unlike our previous examples, momentum as measured by the RSI appears steady and somewhat cyclical. To get a clearer view of momentum with volume, I added the On Balance Volume (OBV) with a 50-day SMA overlay which shows that buying pressure has steadily been increasing, fueling AVGO’s ascent, and culminating in the bullish jump in December.

Whether or not price falls to fill the gap, you might wait for RSI to dip below the 50-line to better time an entry if you’re looking to go long.

At the Close

The semiconductor industry faces a dynamic and uncertain 2025, with AI demand poised to spur growth while tariff talks threaten to reshape global supply chains and profit margins. Keeping an eye on SMH and monitoring its top holdings—NVDA, TSM, and AVGO—for shifts in momentum and action at key levels is critical if you’re looking to time your trades in this promising space. 

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

The Houston Astros found a new first baseman in free agency, agreeing to a three-year, $60 million contract with three-time Gold Glove winner Christian Walker, according to a person with knowledge of the deal.

The person spoke to USA TODAY Sports on the condition of anonymity because the signing wasn’t yet official.

Walker, 33, won the award as the National League’s best defensive first baseman each of the past three seasons for the Arizona Diamondbacks – averaging 32 home runs and 94 RBI.

Houston reached the postseason for an eighth season in a row in 2024 but the team’s first basemen managed a mere .651 OPS, fourth-worst in the majors. Former MVP Jose Abreu began the season as the starter but performed so poorly that the club ate about $30 million by releasing him halfway through a three-year deal. Jon Singleton wound up seeing most of the time at first, playing in a career-high 119 games.

With a hole at one corner filled, the Astros can now focus their attention across the diamond, still trying to bring back free agent Alex Bregman to play third base. Houston has also explored trades to upgrade at the hot corner, working on a deal with the St. Louis Cardinals for Nolan Arenado, only to have the 10-time Gold Glover use his no-trade clause to reject a move.

Follow every MLB game: Latest MLB scores, stats, schedules and standings.

Christian Walker Yankees rumors had swirled

The New York Yankees had been interested in Walker to fill their own vacancy at first base, but will now have to explore other options including free agents Paul Goldschmidt and Carlos Santana – and perhaps Pete Alonso.

The USA TODAY app gets you to the heart of the news — fastDownload for award-winning coverage, crosswords, audio storytelling, the eNewspaper and more.

This post appeared first on USA TODAY

The Milwaukee Bucks are on a roll and looking like a title contender, especially after their NBA Cup championship over Oklahoma City.

The hottest team in the league, Milwaukee has moved up in the Eastern Conference – fifth place just 1½ games behind third-place New York – and climbed into the top six in the USA TODAY Sports NBA power rankings with its recent success.

Here are the post-NBA Cup power rankings (records and stats through games of Dec. 18 and championship odds courtesy of BetMGM):

NBA power rankings

1. Cleveland Cavaliers (23-4)

The Cavs own the best record.

Championship odds: +1300

2. Boston Celtics (21-5)

At 19 made 3-pointers per game, the Celtics are on pace to break the league record for 3s per game, surpassing the mark owned by the 2020-21 Utah Jazz (16.7 per game).

Championship odds: +225

3. Oklahoma City Thunder (20-5)

The Thunder are No. 1 in net rating, outscoring opponents by 12.1 points per 100 possessions.

Championship odds: +400

4. Memphis Grizzlies (18-9)

The Grizzlies are the only team in the top six in offensive and defensive rating.

Championship odds: +3000

5. Dallas Mavericks (17-9)

Luka Dončić is averaging a career-high 2.1 steals.

Championship odds: +1200

6. Milwaukee Bucks (14-11)

Antetokounmpo and Lillard are the highest-scoring duo in the league at 58.4 points per game.

Championship odds: +2000

7. Houston Rockets (17-9)

Seven players average at least 10 points led by Jalen Green (19.0 ppg) and Alperen Sengun (18.6 ppg).

Championship odds: +4000

8. New York Knicks (16-10)

Karl-Anthony Towns leads the league in rebounding at 13.9 per game, which would also set a career high (previous season best is 12.4 in 2018-19).

Championship odds: +1100

9. Orlando Magic (17-11)

The Magic top the NBA in blocks per game at 6.9.

Championship odds: +4000

10. Miami Heat (13-11)

The Heat have won four of their past five games, including victories against the Los Angeles Lakers, Phoenix Suns and Cleveland Cavaliers.

Championship odds: +6600

11. Minnesota Timberwolves (14-11)

With a marked increase in 3-point attempts per game, Anthony Edwards is shooting a career-best 42.4% on 3s.

Championship odds: +2500

12. Denver Nuggets (14-10)

Nikola Jokic: 30.9 points, 13.3 rebounds and 9.9 assists per game and 55.8% shooting from the field.

Championship odds: +1600

13. Phoenix Suns (14-11)

The Suns are 13-2 with Kevin Durant in the lineup.

Championship odds: +2200

14. Atlanta Hawks (14-13)

Dyson Daniels, acquired from New Orleans in the offseason, averages a league-best 3.0 steals, and teammate Trae Young leads the league in assists per game (12.1).

Championship odds: +12500

15. Golden State Warriors (14-11)

The Warriors are No. 2 in rebounds per game (47.8) with seven players averaging at least 4.3.

Championship odds: +1800

16. Los Angeles Clippers (15-12)

James Harden is 17th on the NBA’s all-time scoring list and should pass Tim Duncan, Dominique Wilkins, Oscar Robertson and Hakeem Olajuwon by season’s end.

Championship odds: +10000

17. Los Angeles Lakers (14-12)

The Lakers are fourth in free throws made (18.8) and fourth in free throws attempted per game (24.1).

Championship odds: +4000

18. Sacramento Kings (13-14)

Kings guard De’Aaron Fox is ninth in points per game (26.2) and fourth in clutch points per game (4.3) – points scored in the game’s final five minutes with the score within five.

Championship odds: +10000

19. San Antonio Spurs (13-13)

Spurs center Victor Wembanyama leads the league in blocks at 3.5 game.

Championship odds: +25000

20. Chicago Bulls (12-15)

The Bulls are sixth in points per game (118.9), which is on pace for the franchise record.

Championship odds: +100000

21. Indiana Pacers (12-15)

Tyrese Haliburton is fourth in assist-to-turnover ratio with 4.2 assists per 1.0 turnovers a game.

Championship odds: +12500

22. Detroit Pistons (11-16)

Detroit’s Cade Cunningham is the only guard averaging at least 23.0 points, 9.0 assists and 7.0 rebounds.

Championship odds: +100000

23. Brooklyn Nets (10-16)

The Nets are fourth in 3-point shooting percentage (38.5%) and fifth in 3s made per game (15.4).

Championship odds: +100000

24. Philadelphia 76ers (8-16)

Against Charlotte on Dec. 16, Tyrese Maxey became the fourth 76er to record at least 40 points, five rebounds, five assists and four steals joining Julius Erving, Charles Barkley and Allen Iverson.

Championship odds: +5000

25. Toronto Raptors (7-20)

The Raptors have lost nine games by five points or fewer, including six games by three points or fewer.

Championship odds: +100000

26. Charlotte Hornets (7-19)

The Hornets have lost 10 of their past 11 games.

Championship odds: +100000

27. Utah Jazz (5-20)

The Jazz possess the worst defense, allowing 120.7 points per 100 possessions.

Championship odds: +100000

28. Portland Trail Blazers (8-18)

The Blazers have lost six consecutive games and 10 of their past 12.

Championship odds: +100000

29. New Orleans Pelicans (5-22)

The Pelicans are one of three teams with only one road victory.

Championship odds: +50000

30. Washington Wizards (3-21)

The Wizards are last in offensive rating at 103.7 points per 100 possessions – way behind the No. 1 team’s 120.6 points per 100 possessions.

Championship odds: +100000

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This post appeared first on USA TODAY

Washington Capitals star Alex Ovechkin has been cleared for contact for the first time during his rehab from a fractured left fibula, but he won’t return to game action until after the league’s Dec. 24-26 holiday break.

Ovechkin, who’s chasing Wayne Gretzky’s NHL career goal record, skated Friday at the Capitals’ practice facility in his regular red jersey instead of the blue non-contact jersey he had been wearing in recent practices.

He already had been ruled out of Friday’s game against the Carolina Hurricanes, but now he won’t play Sunday against the Los Angeles Kings or Monday at the Boston Bruins.

‘With the timing of everything and the next three games and what that looks like for him to get these days, plus the break, for where he’s at medically, that’s the best decision for him,’ Capitals coach Spencer Carbery told reporters.

Here’s what to know about Alex Ovechkin’s injury:

When will Alex Ovechkin return?

Carbery said Ovechkin won’t necessarily return in the Capitals’ first game after the break, but he will miss the next three games. The team’s first game after the holiday break is Dec. 28 at Toronto, followed by a game the next night at Detroit.

When was Alex Ovechkin injured?

Ovechkin was felled by an inadvertent leg-on-leg hit from Utah Hockey Club defenseman Jack McBain during a Nov. 18 game. He was unable to return and was diagnosed with a fractured leg three days later. The Capitals said he would be out four to six weeks, so a post-Christmas return would place him just past the middle of that timeline.

Where does Alex Ovechkin stand in his rehab?

He had been working his way back to the lineup since Dec. 2, first doing a light skate in a track suit, then adding intensity to his on-ice work and eventually joining the team in practice for non-contact drills. He accompanied the team on its recent two-game road trip. He skated at Thursday’s practice wearing a non-contact jersey but was cleared for contact on Friday.

How many games has Alex Ovechkin missed?

Ovechkin has missed 13 games and sitting out the next three games will take that total to 16. The Capitals lost the first two games then went on a 8-0-1 run before losing their last two games to give them an 8-4-1 record without him.

How many goals does Alex Ovechkin have?

He has 868 career goals, leaving him 27 goals shy of breaking Gretzky’s record of 894, which has stood since 1999.

Ovechkin had been the NHL’s hottest player at the time of his injury. He had 15 goals in 18 games and five in two games before he was hurt.

If he returns in Toronto, he would have 48 games left in the regular season. If he misses getting the record this season, he has another year left on his contract.

This post appeared first on USA TODAY

Netflix announced Friday it will live stream the FIFA Women’s World Cup in 2027 and 2031 in the United States, as the streaming company continues its foray into live sports.

Netflix says U.S. viewers will have ‘unparalleled access to every match live’ with ‘immersive coverage, star-studded studio shows, and a celebration of the women’s game like never before.’

The 2027 Women’s World Cup will be played from June 24-July 25 in Brazil, while the 2031 location has yet to be announced by FIFA.

‘Bringing this iconic tournament to Netflix isn’t just about streaming matches, it’s also about celebrating the players, the culture and the passion driving the global rise of women’s sport,’ Netflix Chief Content Officer Bela Bajaria said in a press release.

FIFA president Gianni Infantino said Netflix will bring ‘the fascination of women’s football to a multimillion audience.’

‘This is a landmark moment for sports media rights,’ Infantino said in a press release. ‘As a marquee brand and FIFA’s new long-term partner, Netflix has shown a very strong level of commitment to growing women’s football. This agreement sends a strong message about the real value of the FIFA Women’s World Cup and the global women’s game. FIFA and Netflix partnering together makes this a truly historic day for broadcasting and for women’s football.’

Netflix says its Women’s World Cup agreement includes telecasts in English and Spanish, and streaming in Puerto Rico. Along with the tournaments, Netflix will produce documentaries ‘spotlighting the world’s top players, their journeys and the global growth of women’s football.’

Spain won the 2023 Women’s World Cup in Australia and New Zealand, while the United States won the previous two tournaments and four Women’s World Cups overall (1991, 1999, 2015, 2019).

Netflix livestreamed the Nov. 15 boxing match between Mike Tyson and Jake Paul, which the company said drew 108 million viewers globally, making it the ‘most-streamed sporting event ever.’

Netflix will stream two NFL games on Christmas Day, featuring the past two league MVPs. Patrick Mahomes and the three-time Super Bowl champion Kansas City Chiefs will visit the Pittsburgh Steelers at 1 p.m. ET. Then, Lamar Jackson and the Baltimore Ravens will visit the Houston Texans at 4:30 p.m. ET.

Netflix will also begin streaming live wrestling with ‘WWE Raw’ in the U.S., U.K., Canada and Latin America on Jan. 6, 2025.

This post appeared first on USA TODAY

Nearly all of our charts currently show deeply oversold conditions. While this is usually a good thing, in a market downturn, it isn’t necessarily your friend. As you can guess, we believe that Wednesday’s big decline was the beginning of something more serious. But the question is, “what about oversold conditions?”

One of the Bear Market Rules that we have is this:

Oversold conditions in a bear market — “thin ice”, no solid foundation for price bounces. Bounces can be bull traps.

Now for certain, we aren’t in a bear market (yet), but we have experienced a serious decline that could lead to more. We are certainly susceptible to a bull trap. How oversold are our indicators? Here are the numbers as of the close on Thursday:

The Swenlin Trading Oscillators have reached deeply oversold territory. However, we wouldn’t get overly excited by an upside reversal. Oscillators must oscillate and they want to be on the zero line. Notice that only 7% have price above their 20-day EMA and a mere 5% of stocks have rising momentum!

The ITBM and ITVM are also oversold. They haven’t hit extremes and could accommodate more downside at this juncture. The big problem on this chart is the very few PMO BUY Signals left in the index.

Finally our Bias chart shows the oversold conditions of %Stocks > 20/50EMAs. %Stocks > 200EMA could definitely see more downside as could the Golden Cross and Silver Cross Indexes. Both of those indexes are below their signal line giving us a BEARISH Bias in the intermediate and long terms.

Conclusion: Oversold conditions are welcome in a bull market or bull market move. The market is still near all-time highs and mega-caps could continue to hold things together, but our thought is that these weak internals are coming home to roost. If not now, then January. Watch out for bull traps!

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Technical Analysis is a windsock, not a crystal ball. –Carl Swenlin

(c) Copyright 2024 DecisionPoint.com

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.

DecisionPoint is not a registered investment advisor. Investment and trading decisions are solely your responsibility. DecisionPoint newsletters, blogs or website materials should NOT be interpreted as a recommendation or solicitation to buy or sell any security or to take any specific action.

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Price Momentum Oscillator (PMO)

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Swenlin Trading Oscillators (STO-B and STO-V)

ITBM and ITVM

SCTR Ranking

Bear Market Rules

President-elect Donald Trump this week transferred his entire stake of shares in Trump Media to a revocable trust of which he is the sole beneficiary, regulatory filings revealed Thursday evening.

Trump did not receive any money for the gift of his 114,750,000 shares of Trump Media stock to the Donald J. Trump Revocable Trust on Tuesday, according to a filing with the Securities and Exchange Commission.

Because Trump is the beneficiary of the trust, he now “indirectly” owns the Trump Media shares he transferred, the SEC filing noted.

The president-elect’s son, Donald Trump Jr., is the sole trustee of the trust, and has sole voting and investment power over securities held by the entity, according to a separate SEC filing Thursday.

Trump Media, which trades under the DJT ticker, closed at $35.41 per share Thursday, making the value of the transferred stock more than $4 billion.

Trump, who is set to be sworn in as president for a second non-consecutive term on Jan. 20, had been the largest individual shareholder in the social media company, which operates the Truth Social app. His stake represented nearly 53% of the company’s outstanding shares.

CNBC has requested comment on the transfer from spokespeople for Trump and for Trump Media.

The SEC filing on Thursday said that after the Trump transferred his shares, he “directly owned 0 shares of Trump Media & Technology Group Corp. and indirectly owned 114,750,000 shares of Trump Media & Technology Group Corp.”

“The reporting person [Trump] is the settlor and sole beneficiary of the Trust,” the filing said.

The type of transfer Trump used this week is not new for the president-elect, although the dollar value of his shares outpaces the value of any assets he previously moved.

Before his first inauguration as president in 2017, Trump made similar transfers to the same revocable trust.

At that time, Trump transferred various real estate holdings, assets and liabilities to the trust, according to reports produced by Mazars, which then was his accounting firm.

He also made transfers to the trust in February 2016, when he was campaigning for president.

Trump has not held an executive position in Trump Media, whose shares began public trading earlier this year after the then-privately held company merged with a public company, Digital World Acquisition Corp.

Trump has nominated two Trump Media’s board members to high-level positions in his administration.

Trump tapped former pro-wrestling mogul Linda McMahon as his pick for education secretary, and Kash Patel, a former Trump White House official, to become the next FBI director.

Trump also recently named Trump Media CEO Devin Nunes to chair the President’s Intelligence Advisory Board.

That position does not require Senate confirmation.

Trump has said that Nunes, who previously represented a California district in the House of Representatives, will remain CEO of Trump Media.

This post appeared first on NBC NEWS

Troubled discount furniture and home decor retailer Big Lots will initiate going-out-business sales at its remaining locations after a deal to find a purchaser fell through.

Big Lots said in a release Thursday that it no longer anticipates being able to complete a previously announced agreement with a private equity group to salvage the company.

However, it said, it continues to work toward completing an alternative transaction with the group, Los Angeles-based Nexus Capital Management, or another party.

In September, Big Lots filed for Chapter 11 bankruptcy reorganization after having suffered continuous losses. The Columbus, Ohio-based firm has announced hundreds of store closings this year.

The brick-and-mortar retail landscape in general took another series of blows in 2024, with 49 retail bankruptcies (including those of automobile dealers and direct-to-consumer brands) in the United States, compared with 25 retail bankruptcies tracked in 2023, according to data from Coresight Research, a consumer insights group.

Coresight has confirmed more than 7,300 store closings this year, led by Family Dollar, with 718, followed by CVS, with 586, and Big Lots, with 580.

That compares with 4,627 store closings across the retail industry by this time last year, Coresight said.

This post appeared first on NBC NEWS

Every week for the duration of the 2024 NFL regular season, USA TODAY Sports will provide timely updates to the league’s ever-evolving playoff picture − typically starting after Sunday afternoon’s late games and then moving forward for the remainder of the week (through Monday’s and Thursday’s games or Saturday’s, if applicable).

What just happened? What does it mean? What are the pertinent factors (and, perhaps, tiebreakers) prominently in play as each conference’s seven-team bracket begins to crystallize? All will be explained and analyzed up to the point when the postseason field is finalized on Sunday, Jan. 5.

Here’s where things stand with Week 16 of the 2024 season underway:

NFC playoff picture

x – 1. Detroit Lions (12-2), NFC North leaders: After getting stomped by Buffalo on Sunday, they’re now in a three-way tie atop the conference and deadlocked for the division lead following the Vikings’ win Monday night. A Week 7 win over Minnesota and conference record (8-1) that’s one game better than Philly are the tiebreakers currently serving the Lions, who may still need to win out to keep their divisional throne. Remaining schedule: at Bears, at 49ers, vs. Vikings

NFL STATS CENTRAL: The latest NFL scores, schedules, odds, stats and more.

x – 2. Philadelphia Eagles (12-2), NFC East leaders: Winners of 10 straight, they could not clinch the division following Washington’s victory in New Orleans but can do so by ousting the Commanders on Sunday afternoon. Still, the Iggles did pull even with Detroit, but they’ll need another Lions slip-up to move into the conference’s top spot. Remaining schedule: at Commanders, vs. Cowboys, vs. Giants

3. Tampa Bay Buccaneers (8-6), NFC South leaders: They embarrassed the Chargers in Week 15, which means – regardless of Atlanta’s triumph Monday night – the Bucs remain atop the division. Seattle’s loss pushed them up a spot, Tampa Bay with a better record (6-3) in conference games than the Rams (5-5). Remaining schedule: at Cowboys, vs. Panthers, vs. Saints

4. Los Angeles Rams (8-6), NFC West leaders: Win out, and they are division champs. LA overtook the Seahawks on Sunday night by virtue of their Week 9 victory at Seattle. Remaining schedule: at Jets, vs. Cardinals, vs. Seahawks

x – 5. Minnesota Vikings (12-2), wild card No. 1: They clinched a spot Sunday night thanks to Seattle’s loss. Monday’s victory over Chicago means the Vikes control their own fate in the NFC North – win out, and the division is theirs … and, perhaps, the No. 1 seed, too. Remaining schedule: at Seahawks, vs. Packers, at Lions

6. Green Bay Packers (10-4), wild card No. 2: Getting swept by Detroit and losing once already to Minnesota pretty much relegates the Pack to wild-card status. Win this Monday, and they lock into the postseason field … unless other circumstances put them in sooner. Remaining schedule: vs. Saints, at Vikings, vs. Bears

7. Washington Commanders (9-5), wild card No. 3: They barely survived the Saints, but it was enough to keep them alive one more week in the division with the NFC East still technically up for grabs. With a win and some help, the Commanders can punch their playoff ticket Sunday. Remaining schedule: vs. Eagles, vs. Falcons, at Cowboys

8. Seattle Seahawks (8-6), in the hunt: Sunday night’s loss to Green Bay dropped them not only out of the NFC West lead but from the projected field entirely. But, like the Rams, winning out would put Seattle atop the division. Remaining schedule: vs. Vikings, at Bears, at Rams

9. Atlanta Falcons (7-7), in the hunt: Their four-game losing streak is over after they labored past the Raiders on Monday, though it did necessitate a quarterback change. Catch the Bucs, whom the Dirty Birds swept, and they’re back atop the NFC South. A 6-3 mark in NFC games puts them three games ahead of Arizona as it pertains to that tiebreaker. Remaining schedule: vs. Giants, at Commanders, vs. Panthers

10. Arizona Cardinals (7-7), in the hunt: They broke a three-game skid by beating the Patriots but, at this point, probably need the NFC West field to come back to them. Remaining schedule: at Panthers, at Rams, vs. 49ers

11. San Francisco 49ers (6-8), in the hunt: The reigning NFC champs have less than a 1% chance to qualify for postseason, per NFL.com. Been that kind of season. Remaining schedule: at Dolphins, vs. Lions, at Cardinals

12. Dallas Cowboys (6-8), in the hunt: Like the Niners, whom they lost to in Week 8, their postseason hopes are on life support despite Sunday’s win in Charlotte. Remaining schedule: vs. Buccaneers, at Eagles, vs. Commanders

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AFC playoff picture

y – 1. Kansas City Chiefs (13-1), AFC West champions: They’re in the driver’s seat for home-field advantage, QB Patrick Mahomes healthy enough to play this Saturday against Houston. Two more wins will lock in the No. 1 seed K.C. currently holds, though another Buffalo loss would ease the requirement to one win. Remaining schedule: vs. Texans, at Steelers, at Broncos

y – 2. Buffalo Bills (11-3), AFC East champions: Sunday’s win in Detroit probably does more for their collective psyche than it really does for their playoff positioning right now. Pittsburgh’s loss makes the Bills’ second-place standing in the conference more comfortable … as does a very inviting closing stretch. Remaining schedule: vs. Patriots, vs. Jets, at Patriots

x – 3. Pittsburgh Steelers (10-4), AFC North leaders: Mixed bag Sunday. The Colts’ loss (combined with Miami’s) clinched a postseason berth for the Steelers. However they’re backing up to the Ravens, this week’s opponent, in the division and probably out of the running for the No. 1 seed. Still, beat Baltimore on Saturday, and the Steelers put a bow on the division. Remaining schedule: at Ravens, vs. Chiefs, vs. Bengals

y – 4. Houston Texans (9-5), AFC South champions: Sunday’s win combined with Indianapolis’ loss assured they’ll rule a weak division for the second straight year. Remaining schedule: at Chiefs, vs. Ravens, at Titans

5. Baltimore Ravens (9-5), wild card No. 1: They cruised past the sleepwalking Giants and picked up a game on Pittsburgh, the Ravens’ opponent in Week 16. Maybe the AFC North throne isn’t out of sight, though Baltimore can’t resume the top spot Saturday even by defeating the Steelers. One more win secures a wild card, at minimum. Victories over the Chargers and Broncos add another layer of security. Remaining schedule: vs. Steelers, at Texans, vs. Browns

6. Los Angeles Chargers (9-6), wild card No. 2: By sweeping the Broncos for the first time in 14 years, they prevented Denver from clinching Thursday while leapfrogging their division rivals and picking up the tiebreaker (by virtue of the sweep). One more win locks Bolts into the field … unless the Colts and Dolphins do it for them by both losing on Sunday afternoon. Remaining schedule: at Patriots, at Raiders

7. Denver Broncos (9-6), wild card No. 3: They had a win-and-in scenario Thursday to stamp their first postseason trip since winning Super Bowl 50 nine years ago. Now, they can’t get in this weekend unless the Colts, Dolphins and Bengals all lose. Still, one more win, and the Broncos advance to the playoffs … though much could be at stake when they head to Cincinnati in Week 17. Remaining schedule: at Bengals, vs. Chiefs

8. Indianapolis Colts (6-8), in the hunt: After Week 15’s loss at Denver, it’s basically over. Remaining schedule: vs. Titans, at Giants, vs. Jaguars

9. Miami Dolphins (6-8), in the hunt: After Week 15’s loss at Houston, it’s basically over. Remaining schedule: vs. 49ers, at Browns, at Jets

10. Cincinnati Bengals (6-8), in the hunt: They won last Sunday, meaning there’s still a faint pulse for a dangerous team many others wouldn’t want to see next month. A 3-6 conference mark keeps them buried behind the Fins and Colts presently. Remaining schedule: vs. Browns, vs. Broncos, at Steelers

NFL playoff clinching scenarios for Week 16

Kansas City clinches AFC’s No. 1 seed with:

Win + Buffalo loss or tie
Tie + Buffalo loss

Pittsburgh clinches AFC North with:

Win

Baltimore clinches playoff berth with:

Win or tie
Miami loss or tie + Indianapolis loss or tie

Denver clinches playoff berth with:

Miami loss or tie + Cincinnati loss or tie + Indianapolis loss or tie

Los Angeles Chargers clinch playoff berth with:

Miami loss or tie + Indianapolis loss or tie

Philadelphia clinches NFC East with:

Win or tie

Green Bay clinches playoff berth with:

Win or tie
Atlanta loss or tie + LA Rams loss or tie
Atlanta loss or tie + Seattle loss or tie

Washington clinches playoff berth with:

Win + Atlanta loss or tie + LA Rams loss or tie
Win + Atlanta loss or tie + Seattle loss or tie
Tie + Atlanta loss + Arizona loss or tie + LA Rams loss or tie + Seattle loss or tie (as long as Rams and Seahawks both don’t tie)

NFL teams eliminated from playoff contention in 2024

x – clinched playoff berth

y – clinched division

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