free 100 jili Hopes for a Santa Claus rally on Wall Street fell Friday as tech stocks slid lower, while a weaker yen lifted Japanese equities New York, (APP - UrduPoint / Pakistan Point News - 28th Dec, 2024) Hopes for a Santa Claus rally on Wall Street fell Friday as tech stocks slid lower, while a weaker yen lifted Japanese equities. US indices slumped to end the holiday week, with the tech-heavy Nasdaq Composite losing 1.5 percent. Shares in Tesla were closed around 5.0 percent lower, while those in AI chipmaker Nvidia shed around 2.0 percent. Wall Street stocks have historically performed well around the year-end holidays in what is popularly known as a Santa Claus rally. A Christmas Eve jump in equities got the Santa rally off to a flying start and indices barely budged in Thursday trading. Briefing.com analyst Patrick O'Hare also pointed to an increase in 10-year US Treasury bond yields to around 4.6 percent, which he noted is a rise of nearly 0.9 percentage points since the US Federal Reserve made its first recent interest rate cut in September. "The Fed doesn't hold sway over longer-dated maturities like it does over shorter-dated securities, so the bump in rates at the back end of the curve is being watched with an anxious eye as a possible harbinger of a pickup in inflation and/or the budget deficit," O'Hare said. Wall Street stocks took a knock earlier this month when the Fed indicated it would likely cut interest rates less than it had previously expected to. That was in part because of uncertainty tied to President-elect Donald Trump's vow to raise import tariffs, which could boost inflation that is already proving sticky. In Asia, Japan's Nikkei index closed up nearly two percent, with the yen's recent weakness proving a boon for major exporters. The yen hit 158.08 per US dollar on Thursday evening -- its lowest in almost six months -- following comments made by Bank of Japan Governor Kazuo Ueda that failed to give a clear signal on a possible interest rate increase next month. Recent data has showed Japan's inflation rose for a second month in December, while industrial production declined less than expected in November and retail sales came in higher than estimated last month. Japan's government also on Friday approved a record budget for the next fiscal year, ramping up spending on social welfare for its ageing population and on defense to tackle regional threats. In Seoul, the stock market closed down one percent after the won plunged to a nearly 16-year low of 1,487. 03 against the dollar on Friday morning. South Korea is struggling to emerge from political turbulence in the wake of President Yoon Suk Yeol's martial law declaration this month, which prompted his impeachment. Acting President Han Duck-soo was also impeached Friday in a vote that prompted governing party lawmakers to protest with angry chants and raised fists. South Korea's business outlook for January fell in the Bank of Korea's composite sentiment index, the biggest month-on-month slide since April 2020, according to data based on almost 3,300 firms released Friday. In Europe, Frankfurt's DAX index rose after German President Frank-Walter Steinmeier dissolved parliament on Friday and confirmed the expected date for the early general election, emphasizing the need for "political stability" in Europe's largest economy. - Key figures around 2115 GMT - New York - Dow: DOWN 0.8 percent at 42,992.21 (close) New York - S&P 500: DOWN 1.1 percent at 5,970.84 (close) New York - Nasdaq Composite: DOWN 1.5 percent at 19,722.03 (close) London - FTSE 100: UP 0.2 percent at 8,149.78 (close) Paris - CAC 40: UP 1.0 percent at 7,355.37 (close) Frankfurt - DAX: UP 0.7 percent at 19,984.32 (close) Tokyo - Nikkei 225: UP 1.8 percent at 40,281.16 points (close) Seoul - Kospi: DOWN 1.0 percent at 2,404.77 (close) Hong Kong - Hang Seng Index: UP 0.1 percent at 20,116.93 (close) Shanghai - Composite: UP 0.1 percent at 3,400.14 (close) Euro/dollar: UP at $1.0429 from $1.0424 on Thursday Pound/dollar: UP at $1.2579 from $1.2526 Dollar/yen: DOWN at 157.89 yen from 158.00 yen Euro/pound: DOWN at 82.87 pence from 83.19 pence West Texas Intermediate: UP 1.4 percent at $70.60 per barrel Brent North Sea Crude: UP 1.2 percent at $74.17 per barrel burs-rl/rlp/bys/sms TOYOTA MOTOR INVESTOR AB S&P Global Ratings NETFLIX Tesla Amazon.com

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The year-end mission of Indian Space Research Organisation (ISRO) scheduled for December 30 is going to be a historic one. As per official sources, ISRO will seek the rare feat of docking or merging or joining together two satellites in Space. The project has been named "Space Docking Experiment" (SpaDeX). Union Minister of State (Independent Charge) for Science and Technology Jitendra Singh informed that whole nation looks forward with bated breath as ISRO is set to achieve a significant milestone in Space technology. The upcoming SpaDeX mission aims to dock two satellites in Space, a challenge only mastered by a few countries, PIB report read. “This ambitious project will take place on December 30, 2024, under the Space Docking Experiment (SpaDeX) and the indigenous technology used for this mission is called the "Bharatiya Docking System. SpaDEX" will mark a milestone, showcasing India's expertise in spacecraft docking technology,” said Singh. The mission will mark India’s entry into the exclusive league of nations capable of mastering space docking, reported PIB. A unique approach, the PSLV rocket, will launch two satellites equipped with the 'Bhartiya Docking System' to demonstrate this complex feat, he added. Mission Details ISRO will launch the Space Docking Experiment (SpaDEX) on December 30, 2024. The mission will use PSLV-C60, lifting off at 21:58 IST from Sriharikota. SpaDEX will deploy two identical satellites, SDX01 and SDX02. Each satellite weighs around 220 kilograms and will orbit 470 km above Earth. Key objectives include Performing precision rendezvous and docking manoeuvres, validating power transfer between docked spacecraft and operating payloads post-undocking, with a two-year lifespan. This mission is essential for future endeavours, including satellite servicing and building India's space station, Bharatiya Antriksh Station. SpaDEX will also use PSLV's fourth stage, POEM-4, for experiments. The stage will carry 24 payloads from academic institutions and startups. These experiments will utilise the microgravity environment in orbit. SpaDEX will demonstrate docking and undocking capabilities between satellites. This includes transferring power and operating scientific payloads, the PIB report added.By MICHELLE L. PRICE WEST PALM BEACH, Fla. (AP) — An online spat between factions of Donald Trump’s supporters over immigration and the tech industry has thrown internal divisions in his political movement into public display, previewing the fissures and contradictory views his coalition could bring to the White House. The rift laid bare the tensions between the newest flank of Trump’s movement — wealthy members of the tech world including billionaire Elon Musk and fellow entrepreneur Vivek Ramaswamy and their call for more highly skilled workers in their industry — and people in Trump’s Make America Great Again base who championed his hardline immigration policies. The debate touched off this week when Laura Loomer , a right-wing provocateur with a history of racist and conspiratorial comments, criticized Trump’s selection of Sriram Krishnan as an adviser on artificial intelligence policy in his coming administration. Krishnan favors the ability to bring more skilled immigrants into the U.S. Loomer declared the stance to be “not America First policy” and said the tech executives who have aligned themselves with Trump were doing so to enrich themselves. Much of the debate played out on the social media network X, which Musk owns. Loomer’s comments sparked a back-and-forth with venture capitalist and former PayPal executive David Sacks , whom Trump has tapped to be the “White House A.I. & Crypto Czar.” Musk and Ramaswamy, whom Trump has tasked with finding ways to cut the federal government , weighed in, defending the tech industry’s need to bring in foreign workers. It bloomed into a larger debate with more figures from the hard-right weighing in about the need to hire U.S. workers, whether values in American culture can produce the best engineers, free speech on the internet, the newfound influence tech figures have in Trump’s world and what his political movement stands for. Trump has not yet weighed in on the rift, and his presidential transition team did not respond to a message seeking comment. Musk, the world’s richest man who has grown remarkably close to the president-elect , was a central figure in the debate, not only for his stature in Trump’s movement but his stance on the tech industry’s hiring of foreign workers. Technology companies say H-1B visas for skilled workers, used by software engineers and others in the tech industry, are critical for hard-to-fill positions. But critics have said they undercut U.S. citizens who could take those jobs. Some on the right have called for the program to be eliminated, not expanded. Born in South Africa, Musk was once on an a H-1B visa himself and defended the industry’s need to bring in foreign workers. “There is a permanent shortage of excellent engineering talent,” he said in a post. “It is the fundamental limiting factor in Silicon Valley.” Related Articles National Politics | Should the U.S. increase immigration levels for highly skilled workers? National Politics | Trump threat to immigrant health care tempered by economic hopes National Politics | In states that ban abortion, social safety net programs often fail families National Politics | Court rules Georgia lawmakers can subpoena Fani Willis for information related to her Trump case National Politics | New 2025 laws hit hot topics from AI in movies to rapid-fire guns Trump’s own positions over the years have reflected the divide in his movement. His tough immigration policies, including his pledge for a mass deportation, were central to his winning presidential campaign. He has focused on immigrants who come into the U.S. illegally but he has also sought curbs on legal immigration , including family-based visas. As a presidential candidate in 2016, Trump called the H-1B visa program “very bad” and “unfair” for U.S. workers. After he became president, Trump in 2017 issued a “Buy American and Hire American” executive order , which directed Cabinet members to suggest changes to ensure H-1B visas were awarded to the highest-paid or most-skilled applicants to protect American workers. Trump’s businesses, however, have hired foreign workers, including waiters and cooks at his Mar-a-Lago club , and his social media company behind his Truth Social app has used the the H-1B program for highly skilled workers. During his 2024 campaign for president, as he made immigration his signature issue, Trump said immigrants in the country illegally are “poisoning the blood of our country” and promised to carry out the largest deportation operation in U.S. history. But in a sharp departure from his usual alarmist message around immigration generally, Trump told a podcast this year that he wants to give automatic green cards to foreign students who graduate from U.S. colleges. “I think you should get automatically, as part of your diploma, a green card to be able to stay in this country,” he told the “All-In” podcast with people from the venture capital and technology world. Those comments came on the cusp of Trump’s budding alliance with tech industry figures, but he did not make the idea a regular part of his campaign message or detail any plans to pursue such changes.EU rules requiring all new smartphones, tablets and cameras to use the same charger came into force on Saturday, in a change Brussels said will cut costs and waste. Manufacturers are now obliged to fit devices sold in the 27-nation bloc with a USB-C, the port chosen by the European Union as the common standard for charging electronic tools. "Starting today, all new mobile phones, tablets, digital cameras, headphones, speakers, keyboards and many other electronics sold in the EU will have to be equipped with a USB Type-C charging port," the EU Parliament wrote on social media X. The EU has said the single charger rule will simplify the life of Europeans and slash costs for consumers. By allowing consumers to purchase a new device without a new charger, it will also reduce the mountain of obsolete chargers, the bloc has argued. The law was first approved in 2022 following a tussle with US tech giant Apple. It allowed companies until December 28 this year to adapt. Makers of laptops will have extra time, from early 2026, to also follow suit. Most devices already use these cables, but Apple was more than a little reluctant. The firm said in 2021 that such regulation "stifles innovation", but by September last year it had begun shipping phones with the new port. Makers of electronic consumer items in Europe had agreed on a single charging norm from dozens on the market a decade ago under a voluntary agreement with the European Commission. But Apple, the world's biggest seller of smartphones, refused to abide by it and ditch its Lightning ports. Other manufacturers kept their alternative cables going, meaning there were about half a dozen types knocking around, creating a jumble of cables for consumers. USB-C ports can charge at up to 100 Watts, transfer data up to 40 gigabits per second, and can serve to hook up to external displays. At the time of its approval, the commission said the law was expected to save at least 200 million euros ($208 million) per year and cut more than a thousand tonnes of EU electronic waste every year. "It's time for THE charger," the European Commission wrote on X on Saturday. "It means better-charging technology, reduced e-waste, and less fuss to find the chargers you need." ub/giv

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