I'm A Celebrity winner Danny Jones breaks down in tears as he's crowned king of jungle
Consisting of Apple , Microsoft, Amazon, Alphabet, Tesla, Meta, and Nvidia, the Magnificent Seven has delivered consistent outperformance in recent years, but it appears that their market dominance could be under threat. Since its launch in April 2023, Roundhill’s Magnificent Seven ETF (MAGS) has grown more than 120%, buoyed by an AI boom and a series of strategic acquisitions by tech market leaders to reaffirm their position among the world’s strongest stocks by market capitalization. However, the news in recent days that China has launched an antitrust investigation into global chip giant Nvidia under suspicions that the company has violated its anti-monopoly laws is the latest blow in a series of regulatory pushbacks against the global dominance of Wall Street’s biggest players. Trade Wars Disrupt Tech China’s decision to investigate Nvidia (NASDAQ:NVDA) stems from a 2020 deal to acquire Mellanox Technologies Ltd. The State Administration for Market Regulation alleged that approval was granted for the deal on the condition that the tech giant did not discriminate against Chinese companies . The $7 billion acquisition was approved provided that the Israeli computer networking manufacturer provided information about new products to rivals within 90 days of making them available to Nvidia. It’s this aspect of the deal that China is looking to scrutinize. However, the timing of the investigation is crucial. President-elect Donald Trump has been vocal in his pledges to impose heavy tariffs on trade with China. While a 60% tariff was threatened on the campaign trail, in November, Trump suggested that an additional 10% tariff would be placed on all trade with the nation. Although Trump has suggested that the tariffs are a response to drugs like fentanyl being exported to the US, the President-elect has long adopted an aggressive stance towards China, which may complicate the growth of globally-focused Wall Street firms. Nvidia appears to be caught up in an emerging trade war between the US and China, and given that the Asian powerhouse makes up around 17% of the firm’s revenue , the outcome of the investigation could be a troubling time for the tech leader that had been on course to sell $12 billion worth of chips to China in 2024. Google in Antitrust Hot Water Search engine giant and its owner, Alphabet (NASDAQ:GOOGL), were found to have violated antitrust laws as the firm created a tech empire, according to a federal judge in August 2024. The judge found that Google violated section 2 of the Sherman Act, with accusations that its services and advertising kept users locked into the company in a way that prevented the emergence of competitors. The fallout from the trial saw GOOGL fall 11.6% from its July 2024 peak by the end of November, with fresh uncertainty over what the future holds for its tech empire at a time of accelerating innovations. In November, the US Department of Justice suggested that Google divest its Chrome internet browser as a remedy in the wake of the case. The DOJ also ruled that Google should be prevented from entering into exclusionary agreements with third parties like Apple and Samsung in a move that could open the door for more competitors to capture market share in the future. Crucially, the department suggested that Google be prohibited from giving preference to its search service within its other products. AI Could Destabilize Tech Leaders These antitrust investigations are taking place against the backdrop of a tech boom powered by artificial intelligence. OpenAI recently launched ChatGPT Search in a move that saw Google quickly begin testing its own real-time conversational search function. With data suggesting that as much as 20% of searches in 2023 occurred without the use of a keyboard, voice search powered by AI could be a key battleground for dominance among the world’s biggest tech firms. Fresh scrutiny over the market monopolies that leading tech companies are building could open the door for fresh competitors to destabilize Wall Street’s status quo among the Magnificent Seven . Should Investors be Wary of the Magnificent Seven? Renewed scrutiny over the market dominance of Magnificent Seven firms comes at a time when markets haven’t been so concentrated at the top since 1960 . Today, the Magnificent Seven account for 30% of the S&P Index in terms of capitalization, which may be challenged as new innovations, especially when it comes to transactions transparency , bring fresh opportunities. With a trade war between the US and China beginning to accelerate, and greater industry scrutiny of tech giants like Google, the Magnificent Seven could see some new challenges emerge in 2025 even as the Trump administration is expected to support a pro-growth outlook for Wall Street. The brightest global tech stocks have proven themselves time and again, and it’s reasonable to expect that their growth will continue for the foreseeable future, but the impressive 120% rally of Roundhill’s Magnificent Seven ETF over the past 18 months may be considerably harder to replicate looking ahead.
News digest: SNS switches from 'foreign-funded' label for NGOs to lobbying regulation
NAPLES, Fla. (AP) — Narin An handled the windy conditions with a hot putter on Thursday, making four straight birdies around the turn and finishing with an 8-under 64 for a one-shot lead in the CME Group Tour Championship. At stake for the 60-player field is a $4 million prize to the winner, the largest single-day payoff in women’s golf. Nelly Korda already has won more than that during her sterling season of seven wins. Now she faces an eight-shot deficit over the next three days at Tiburon Golf Club if she wants to end her year in fitting fashion. Korda, coming off a victory last week, couldn’t make amends for her three bogeys and had to settle for an even-par 72. She has come from behind in four of her victories, and still has 54 holes ahead of her. But it has made the task that much tougher. Everything felt easy for An, a 28-year-old from South Korea who has never won on the LPGA and has never cracked the top 10 in any of the 16 majors she has played. “Today my putt really good,” An said. “The speed was good and the shape was good. I just try to focus a little bit more.” She had a one-shot lead over Angel Yin, who shot 30 on the back nine, including an eagle on the par-5 17th hole that most players can easily reach in two. Former U.S. Women’s Open champion Allisen Corpuz and Marina Alex were at 66, with Lydia Ko leading the group at 67. Despite the wind so typical along the Gulf Coast of Florida, 27 players — nearly half the field — shot in the 60s. “It’s a good head start for the big ol’ prize we get at the end of the week,” Yin said. Whoever wins this week is assured of breaking the 17-year-old LPGA record for most money earned in season. The record was set by Lorena Ochoa in 2007 at $4,364,994, back when the total prize money was about half of what it is now. Ochoa earned $1 million for winning the Tour Championship in 2007. The opening round followed a big night of awards for the LPGA Tour, where Korda officially picked up her first award as player of the year, which . Ko was recognized for her big year, that put her into the LPGA Hall of Fame. She regained plenty of focus for the opening round on a course where she won just two years ago. “The course isn’t easy,” Ko said. “I set a goal of shooting 3 under today, and somebody shot 8 under. I was like, ‘OK, maybe I need to make a few more birdies.’ It’s a course that can get away from you as much as you can shoot some low scores, so I’m just trying to stick to my game plan and go from there.” Also in the group at 67 was Albane Valenzuela of Switzerland, already celebrating a big year with her debut in the Solheim Cup and her first appearance in the Tour Championship. She made a late run at her first LPGA title last week at Pelican Golf Club, and kept up her form. And she can see the finish line, which is appealing. “I everyone is looking at that $4 million price tag,” Valenzuela said. “I try not to look too much at the result. I feel like in the past I’ve always been stuck on results, and ultimately all I can do is control my own round, my own energy, my own commitment. “It’s the last week of the year. It’s kind of the bonus week. No matter what, everyone is having a paycheck.” ___ AP golf:Tim Stutzle on torrid place for 100-plus point season as Senators prepare to face Ducks
Dallas Cowboys star guard Zack Martin is doubtful for Sunday's game against the Washington Commanders due to ankle and shoulder injuries. Martin didn't practice at all this week. He also physically struggled during Monday night's loss to the Houston Texas. Martin, who turned 34 on Wednesday, has started all 162 games played in 11 seasons with the Cowboys. He's a nine-time Pro Bowl selection and a seven-time first-team All-Pro. Tight end Jake Ferguson (concussion) and safety Markquese Bell (shoulder) have been ruled out. Neither player practiced this week after being hurt against the Texans. Cornerback DaRon Bland (foot) practiced in full this week and will make his season debut. He was injured in August. Star wideout CeeDee Lamb (back/foot) was a full practice participant on Friday and is good to go. Cornerback Trevon Diggs (groin/knee) and receiver Brandin Cooks (knee) are among six players listed as questionable. The others are offensive tackle Chuma Edoga (toe), guard Tyler Smith (ankle/knee), defensive end Marshawn Kneeland (knee) and linebacker Nick Vigil (foot). --Field Level Media
Wizkid: ‘You’re Not Able To Make Logical Arguments Again’ – Adeleke’s Aide Blasts Reno Omokri Over Revenue CommentThe NFL Network is reportedly considering whether to continue featuring ads on RedZone, a decision that has sparked significant backlash from viewers online. During Week 15 of the NFL season, fans were surprised by the presence of commercials on RedZone, particularly as NFL Network's Scott Hanson began the show with his well-known phrase: "Seven hours of commercial-free football starts now." According to Front Office Sports , the NFL Network is "undecided" about future RedZone commercials, although one source suggests the league may experiment with double-box ads in the final two weeks of the season. Terry Bradshaw secured Fox NFL role after simple gesture won over producer Andy Reid leaves Michael Vick reeling with FOX NFL Sunday message The insider also speculated that the NFL might delay until the 2025 regular season, at which point it would introduce RedZone advertisements more extensively. The introduction of ads to NFL's RedZone has left many fans disgruntled and considering abandoning the show, which was previously commercial-free. A fan on social media protested, "It's official, redzone has sold out. The commercial free era is over. what a shame,". Another voiced indignation by saying: "Not to be dramatic but red zone doing commercials now is such an indictment on the current state of things. They are choosing to ruin their reputation with their fans just so they can run a couple ads. Absolutely pathetic.." In response, a third individual lamented: "Redzone commercials the latest example of companies making a product worse for a few bucks just because they can and the consumer being completely impotent to do anything about it. sucks. your brand loyalty is just money for some company.". In light of the significant pushback from viewers, host Hanson extended an apology, "Hey everyone, as we kick off a great football weekend, I just wanted to take a quick second and apologize for using the commercial-free catchphrase at the top of the last show," he confessed. "I was conflicted about it beforehand. I had a tough decision to make, and I made the wrong decision, and I'm sorry. I try to be the best host I can possibly be. DON'T MISS: Robert Griffin III sends message to Netflix team after NFL Christmas broadcast Andy Reid confirms unwanted blow for Patrick Mahomes and Kansas City Chiefs Bryce Underwood turns heads at first Michigan practice after alarming NIL deal "What we have shared together for 16 seasons on NFL RedZone is unlike anything else. I love it. I hope to do it for 16 more years. But being a great host means being accurate, being truthful, and having integrity. And so I hope you consider accepting this apology." In a notable deviation, Hanson refrained from using "commercial-free" in his usual introduction. Just one week after his broadcast blunder, he started Sunday's show by saying: "And you know what? You love RedZone football, we love RedZone football. So from now on it's... seven hours of RedZone football starts now." Despite the concerning change in his slogan, the most recent RedZone broadcast surprisingly went ahead without commercials. According to Sportico , the previous Week 15 commercials were actually just "tests", and a source has claimed that the NFL "does not currently have plans to test the ads again."The Ravens looked better defensively last week, but now Roquan Smith's injury is a concern
Judge halts $25 billion Kroger-Albertsons merger
Hexafluorobutadiene Gas Market Set for Exceptional Growth from 2024 to 2032Lippes Mathias, a law firm headquartered in Fountain Plaza, has formed a strategic alliance with Masiello, Martucci & Associates, a lobbying firm headquartered in the Main Court Building on Main Street. Former Erie County District Attorney John J. Flynn, who joined Lippes Mathias as partner in April, will maintain his legal practice while heading up the alliance for Lippes Mathias and working with Masiello, Martucci & Associates. Former Mayor Anthony Masiello's lobbying firm has formed a strategic alliance with the Lippes Matthias law firm.(News file photo) Lippes Mathias called it a big move for its New York state lobbying practice, which was formed in 2015. It will help both firms increase their reach across the state, and into new industries and disciplines, including health care. Former Kaleida Health Senior Vice President and Chief Administrative Office Michael P. Hughes recently joined Masiello, Martucci & Associates as a partner, effective Jan. 1. "Both firms are committed to delivering high-quality, results-oriented solutions for clients,” said Kevin J. Cross, Lippes Mathias chairman and managing partner. "We are excited to work with MMA, as their deep knowledge of Western New York and their skill in executing strategic political initiatives make them an ideal ally in our new and existing legal and lobbying efforts." - Samantha Christmann The business news you need Get the latest local business news delivered FREE to your inbox weekly. News Business Reporter {{description}} Email notifications are only sent once a day, and only if there are new matching items.
NBA Africa’s Akamanzi on sports investment, returnsAS temperatures drop and the frost creeps in, Aldi has you covered with a range of motor accessories set to tackle the coldest conditions. Hitting stores on December 15, this range promises to keep your car safe, comfortable, and prepared for winter's worst. Aldi's Ice Melt Spray for just €4.99 is perfect for de-icing or pre-icing. It's one litre bottle works in freezing conditions down to -15°C. It melts 10mm of ice in just 25 seconds and unlike traditional grit or salt, it won’t leave residue on surfaces. This makes it ideal for both home and car use. For those frosty morning commutes, Aldi’s Heated Car Seat Cushion is just €9.99 and a total a game-changer. Plug it into your vehicle’s 12V socket and enjoy a toasty heat range of 30-40°C. With straps for a universal fit, this cushion ensures every drive is a warm one. The Car Winter Assortment, starting at just €1.69, includes a selection of essentials like a 3-in-1 Super Squeegee, Ice Scraper, or Microfibre Demister. Perfect for clearing frost and ensuring clear views during those chilly morning commutes when you are in a rush. Need more heavy-duty protection? Aldi’s Full Car Cover is available for €14.99. This provides all-weather shielding from frost, snow, and dirt. This water-repellent cover comes in sizes for various vehicles, from medium cars to SUVs. And it even includes a handy storage bag for convenience. For added peace of mind, pick up a pair of Jump Leads for only €9.99 to tackle unexpected battery issues. These winter essentials also include the affordable Universal Car Carpet Mats €6.99. Perfect for keeping muddy boots at bay, this set of four mats is designed for durability and convenience. Featuring a hard-wearing heel pad and slip-resistant backing, these mats are easy to clean and fit. There are a selection of trims in Black, Blue, Red, or Grey. Struggling to secure your Christmas tree to the car to get home? The Bungee Strap Set is €4.99 and is a lifesaver for festive errands and family vacations alike. Available in two options – an eight piece set with straps in varying lengths or a two piece multi-strap set. These straps ensure your load stays secure on roof racks and trailers. So, whether you're bracing for the school run or heading off on a festive road trip, Aldi’s winter car range ensures you’ll be ready for anything. Mark your calendar for December 15 – these seasonal lifesavers are sure to fly off the shelves. The German discount supermarket chain came to Ireland in 1999. Aldi’s first few shops opened in November 1999, with locations in Sandyford, Dublin, and Ballincollig, Cork. By the mid-2000s, Aldi bosses had opened numerous stores, focusing on providing high-quality products at low prices. As the recession hit 2008-2012, Aldi's popularity grew as consumers became more price-conscious. The supermarket giant continued it’s expansion in Ireland between 2013-2018, while refurbishing existing stores. By 2018, Aldi had over 130 shops throughout the country. The chain began to focus on expanding its range of Irish-made products and supporting local producers. In 2023, Aldi had over 140 stores in Ireland. The store invested in sustainability initiatives, such as reducing plastic packaging and increasing the availability of organic and eco-friendly products. Aldi chiefs said: “At Aldi we are committed to supporting Irish suppliers. Developed in partnership with Bord Bia, Grow with Aldi is designed to help the very best Irish suppliers develop their brand. “To date, we’ve invested €10 million in our Grow with Aldi development programme in a bid to find the very best Irish suppliers. “As a result, for a limited time only there are over 47 new products, from 27 Irish suppliers available in store.” Aldi have introduced technological advancements with self-checkout systems and contactless payment options.
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Ivana Bacik had separate meetings with Fianna Fail leader Micheal Martin and Fine Gael leader Simon Harris on Tuesday afternoon. Fianna Fail, which won 48 seats in last month’s general election, and Fine Gael, which secured 38 seats, headed up the last coalition in Dublin and are expected to continue that partnership into the next mandate. However, with a combined 86 seats, they are just short of the 88 required for a majority in the Dail parliament. If they wish to return to government together, they would need one smaller party as a junior partner, or a handful of independents. Both Fianna Fail and Fine Gael have ruled out doing business with Sinn Fein, which won 39 seats. The centre-left Social Democrats and Irish Labour Party, both of which won 11 seats in the election, are seen as the only two realistic options if Fianna Fail and Fine Gael seek to convince a smaller party to join the coalition. In a statement, the Labour Party said Ms Bacik outlined key policy priorities in her meetings with Taoiseach Mr Harris and Tanaiste Mr Martin. “There was discussion in both meetings on policies and manifesto commitments on housing, health, climate, workers’ rights and disability services among other issues,” said the statement. “The parliamentary party will meet at 1pm on Friday where the party leader will provide an assessment of engagement to date and consider the outcome of these meetings.” A spokesman for Mr Harris said there had been a “constructive engagement” with Ms Bacik. “The Taoiseach is grateful for the time and engagement on a range of substantial policy issues,” he said. The spokesman said Mr Harris had also met independent TDs who are aligned together in what is called the regional group. “These meetings have been productive,” he added. Mr Harris and party colleagues are due to meet the Social Democrats on Wednesday. Fianna Fail deputy leader Jack Chambers and Fine Gael deputy leader Helen McEntee met on Tuesday evening for discussions on government formation, with the parties’ full negotiating teams set to meet on Wednesday. Fine Gael said the meeting between Ms McEntee and Mr Chambers was “positive” and focused on the “structure and format” of the substantive negotiations going forward. When the two parties entered coalition for the first time after the last general election in 2020, there was only a three-seat difference in their relative strength. That resulted in an equal partnership at the head of the coalition, with the Green Party as the junior partner. The two main parties swapped the role of taoiseach halfway through the term. With Fianna Fail’s lead over Fine Gael having grown to 10 seats following this election, focus has turned to the future of the rotating taoiseach arrangement and whether it will operate again in the next mandate and, if so, on what basis. There are similar questions around the distribution of ministries and other roles. While Mr Martin has so far refused to be drawn on the specifics, he has suggested that he expects Fianna Fail’s greater strength of numbers to be reflected in the new administration. However, Mr Harris has insisted that Fine Gael’s mandate cannot be taken for granted when it comes to government formation. Richard Boyd Barrett from People Before Profit-Solidarity, which won three seats, urged Labour not to “prop up” up a Fianna Fail/Fine Gael administration. “We think that’s a huge mistake,” he told reporters in Dublin. “They shouldn’t do it. They should learn the lessons of the past and actually work with other parties of the left to form a decent left opposition to Fianna Fail and Fine Gael and campaign on the issues that matter.” His party colleague Paul Murphy pointed to the experience of the Green Party, which lost all but one of its 12 seats in the election. “In reality, what is going to happen is a changing of the mudguard for Fianna Fail and Fine Gael,” he said. “And for those who are now auditioning to be a new mudguard for Fianna Fail and Fine Gael, there is a very, very sharp and stark lesson in what happened to the Green Party – obviously almost entirely wiped out. “We think it is a very major mistake for anyone who has the perception of being left, with the votes of people who are looking left, to seek to go into coalition with Fianna Fail and Fine Gael.”Super Micro Computer ( SMCI -8.20% ) stock is losing ground in Tuesday's trading. The company's share price was down 5.9% as of 3:15 p.m. ET and had been down as much as 9.9% earlier in the day's trading. Supermicro is falling on the heels of recent coverage on the stock from J.P. Morgan . While J.P. Morgan's analysts said that orders for Supermicro's servers continued to be robust despite recent controversies surrounding the company, it maintained an underweight rating on the stock and a one-year price target of $23 per share. J.P. Morgan remains bearish on Supermicro stock J.P. Morgan's analysts recently met with Supermicro's management and came away with some encouraging conclusions. The analysts believe that Supermicro has seen no significant loss of orders to competitors despite some reports suggesting that this was occurring. The company said that it was planning to release new products in 2025 and that production at its Malaysia plant is on track to begin scaling up in the first half of next year. Supermicro said that it had sufficient working capital to deliver production needed to generate quarterly revenue between $5.5 billion and $6 billion, and it expects to see tailwinds in conjunction with the ramp-up of Nvidia 's next-generation Blackwell processors for artificial intelligence ( AI ). But despite some promising indicators and catalysts on the horizon, J.P. Morgan's one-year price target of $23 per share implies downside of roughly 45% compared to the stock's current level. What's next for Supermicro? J.P. Morgan's bearish outlook on Supermicro stock highlights recent challenges facing the company. Despite the company's near-term performance outlook appearing solid, recent controversies have caused the server specialist's share price to be highly volatile -- and some investors are concerned that unfolding developments could spur another wave of big sell-offs. After Ernst & Young resigned as Supermicro's financial auditor in October, the tech company brought on BDO as its replacement. Having an auditor on board means that the company has been able to move forward with work on filing its delayed 10-K report for the last fiscal year. As a result, the company was able to submit a filing plan to Nasdaq that prevented its stock from being delisted. Nasdaq accepted the plan last week, and attention now turns to what shows up in Supermicro's 10-K filing and subsequent fiscal reports. The company expects to have all of its required reports filed by Feb. 25. If Supermicro winds up having to significantly restate its past results, the company's share price could plummet. The company is also reportedly being investigated by the Department of Justice. So while the tech specialist's core business appears to be seeing encouraging demand, the stock isn't out of the woods yet.