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AP News Summary at 4:42 p.m. ESTAmazon Canada's Boxing Day sale is almost over — 50+ of the best last-minute deals on Apple, Yeti and more
Warren Buffett gives away another $1.1B and plans for distributing his $147B fortune after his death‘Size of Singapore’: Massive bushfire warning
Judge hears closing arguments on whether Google's advertising tech constitutes a monopoly ALEXANDRIA, Va. (AP) — The Justice Department and Google have made their closing arguments in a trial alleging Google’s online advertising technology constitutes an illegal monopoly. The arguments in federal court Monday in northern Virginia came as Google already faces a possible breakup of the company over its ubiquitous search engine. The Justice Department says it will seek the breakup of Google to remedy its search engine monopoly. The case in Virginia focuses not on the search engine but on technology that matches online advertisers to consumers on the internet. A judge is expected to rule by the end of the year. ‘Busiest Thanksgiving ever’: How the TSA plans to handle record air travel DALLAS (AP) — The Thanksgiving travel rush is expected to be bigger than ever this year. AAA predicts that nearly 80 million people in the U.S. will venture at least 50 miles from home between Tuesday and next Monday — most of them by car. Thanksgiving Day falling so late this year has altered traditional travel patterns. At airports, the Transportation Security Administration says it could screen a record number of U.S. air travelers on Sunday. Meanwhile, the head of the Federal Aviation Administration says a shortage of air traffic controllers could cause flight delays. Transportation analytics company INRIX says roads could be congested on Monday with both commuters and returning holiday travelers. Macy’s says employee hid up to $154 million in expenses, delaying Q3 earnings Macy’s says it’s delaying the release of its fiscal third-quarter earnings results after it discovered an up to $154 million accounting-related issue. The company did provide some preliminary results for its third quarter, including that net sales fell 2.4% to $4.74 billion. It anticipates reporting its full third-quarter financial results by Dec. 11. Newsom says California could offer electric vehicle rebates if Trump eliminates federal tax credit SACRAMENTO, Calif. (AP) — California could offer state tax rebates for electric vehicle purchases if the incoming Trump administration eliminates the $7,500 federal EV tax credit. Gov. Gavin Newsom says Monday he'll propose creating a new version of the state’s successful Clean Vehicle Rebate Program, which was phased out in 2023 after funding nearly 600,000 new cars and trucks. Officials didn’t say how much the program would cost or how the rebates would work. Newsom’s proposal is part of his plan to protect California’s progressive policies ahead of Republican President-elect Donald Trump’s second term. But a budget shortfall could complicate California’s resistance efforts. Warren Buffett gives away another $1.1B and plans for distributing his $147B fortune after his death OMAHA, Neb. (AP) — Investor Warren Buffett renewed his Thanksgiving tradition of giving by announcing plans Monday to hand more than $1.1 billion of Berkshire Hathaway stock to four of his family's foundations, and he offered new details about who will be handing out the rest of his fortune after his death. Buffett has said previously that his three kids will distribute his remaining $147.4 billion fortune in the 10 years after his death, but now he has also designated successors for them because it’s possible that Buffett’s children could die before giving it all away. Buffett said he has no regrets about his decision to start giving away his fortune in 2006. Stock market today: Dow hits another record as stocks rise NEW YORK (AP) — U.S. stocks rose, with those benefiting the most from lower interest rates and a stronger economy leading the way. The S&P 500 climbed 0.3% Monday to pull closer to its record set two weeks ago. The Dow Jones Industrial Average added 440 points to its own record set on Friday, while the Nasdaq composite rose 0.3%. They got a boost from easing Treasury yields after President-elect Donald Trump said he wants hedge-fund manager Scott Bessent to be his Treasury Secretary. Smaller companies can feel a big boost from easier borrowing costs, and the Russell 2000 index of small stocks finished just shy of its record. Workers at Charlotte airport, an American Airlines hub, go on strike during Thanksgiving travel week CHARLOTTE, N.C. (AP) — American Airlines says it doesn’t expect significant disruptions to flights this week as a result of a labor strike at its hub in Charlotte, North Carolina. Service workers there walked out Monday during a busy week of Thanksgiving travel to protest what they say are unlivable wages. Employees of ABM and Prospect Airport Services authorized the work stoppage. Union spokesperson Sean Keady says the strike is expected to last 24 hours. The companies contract with American Airlines to provide services such as cleaning airplane interiors, removing trash and escorting passengers in wheelchairs. The companies have acknowledged the seriousness of a strike during the holiday travel season. At the crossroads of news and opinion, 'Morning Joe' hosts grapple with aftermath of Trump meeting The reaction of those who defended “Morning Joe” hosts Joe Scarborough and Mika Brzezinski for meeting with President-elect Trump sounds almost quaint in the days of opinionated journalism. Doesn't it makes sense, they said, for hosts of a political news show to meet with such an important figure? But given how “Morning Joe” has attacked Trump, its viewers felt insulted. Many reacted quickly by staying away. It all reflects the broader trend of opinion crowding out traditional journalist in today's marketplace, and the expectations that creates among consumers. By mid-week, the show's audience was less than two-thirds what it has typically been this year. Eggs are available -- but pricier -- as the holiday baking season begins Egg prices are on the rise again as a lingering outbreak of bird flu coincides with high demand during the holiday baking season. The average price for a dozen eggs in U.S. cities was $3.37 in October, according to the Bureau of Labor Statistics. That was up 63% from October 2023, when a dozen eggs cost an average of $2.07. Avian influenza is the main culprit. The current bird flu outbreak that began in February 2022 has led to the slaughter of more than 111 million birds, mostly egg-laying chickens. But the American Egg Board says egg shortages at grocery stores have been isolated and temporary so far. ‘Buy now, pay later’ is more popular than ever. It can cost more than you think NEW YORK (AP) — More shoppers are using ‘buy now, pay later’ plans heading into Black Friday and the holiday season, as the ability to spread out payments looks attractive at a time when Americans still feel the lingering effect of inflation and already have record-high credit card debt. Experts say the short-term loans can lead consumers to overextend themselves and warn that those who use credit cards for the service face higher interest expenses. The data firm Adobe Analytics predicts shoppers will spend 11.4% more this holiday season using buy now, pay later than they did a year ago.Kemi Badenoch says 'naive' vicars letting migrants convert to Christianity to gain access to UK
Feds suspend ACA marketplace access to companies accused of falsely promising ‘cash cards’INDIANAPOLIS (AP) — The Indianapolis Colts defense started this season struggling. It couldn't stop the run, couldn't keep teams out of the end zone, couldn't get off the field. Now the script has flipped. Defensive coordinator Gus Bradley's group is playing stouter, holding teams — even the high-scoring Detroit Lions — largely in check long enough to give Indy a chance to win, and it's the Colts offense that has struggled. “They are playing their tails off. You don’t want them on the field a bunch and as an offense you want to be able to play complementary football,” running back Jonathan Taylor said after Sunday's 24-6 loss. “I would say specifically on offense, it sucks when you can’t help your defense out when they are fighting their tails off all game.” Indy's defense held up its end of the bargain by limiting the Lions (10-1) to 14 first-half points and allowing just 24, matching Detroit's lowest output since Week 3. The problem: Even when the Colts (5-7) did get Detroit off the field, they couldn't sustain drives or score touchdowns. Again. Anthony Richardson provided the bulk of the ground game by rushing 10 times for 61 yards, mostly early. Taylor managed just 35 yards on 11 carries and a season-high 10 penalties constantly forced the Colts to dig out from deep deficits. Part of that was by design. “We knew Jonathan Taylor was going to be the guy we needed to shut down,” Lions coach Dan Campbell said. “We did that. The quarterback runs. It got us on a couple but overall, we did what we needed to do, and we kept them out of that game." Part of it could be because of an injury-battered offensive line that has started three rookies each of the past two weeks and finished the previous game with the same three rookies. Whatever the fix, Indy needs a good solution. There is good news for Indy is that its schedule now gets substantially more manageable. After losing four of five, all to teams in playoff position and three to division leaders, Indy faces only one team with a winning record in its final five games. The most recent time the Colts played a team with a losing mark, Richardson rallied them past the New York Jets 28-27. But Colts coach Shane Steichen knows that's not the answer. The Colts must get this offense righted now. “We’ve got to get that figured out. We’ve got to get him going on the ground,” Steichen said when asked about Taylor, who has 92 yards on his past 35 carries. “We’ll look at the offensive line. We’ll look at everything." Pass rush. Pro Bowl DT DeForest Buckner's presence certainly has been felt since he returned from a sprained ankle Oct. 27. In those past five games, the Colts have had 14 sacks, including three of Jared Goff on Sunday. Penalties. The Colts have had one of the cleanest operations in the league most of this season. Sunday was an anomaly, but one that can't merely be written off. WR Michael Pittman Jr. The five-year veteran is one of the league's toughest guys, but playing through a back injury appeared to take its toll on Pittman's productivity. Since sitting out in Week 10, Pittman has 11 receptions for 142 yards including six for 96 yards, his second-highest total of the season, Sunday. Tight ends. Each week the Colts want their tight ends to make an impact. And each week, they seem to fail. It happened again Sunday when Drew Ogletree dropped a TD pass that would have given Indy a 10-7 lead. Instead, Indy settled for a field goal and a 7-6 deficit. Through 12 games, Indy's tight ends have a total of 26 catches, 299 yards and two TDs. That's just not good enough in a league where versatile, productive tight ends increasingly signal success. Pittman and WR Josh Downs both returned to the game after leaving briefly with shoulder injuries. WR Ashton Dulin did not return after hurting his foot in the second half. But the bigger questions come on the offensive line. LT Bernhard Raimann (knee) was inactive Sunday, and rookie center Tanor Bortolini entered the concussion protocol Monday. Bortolini was one of three rookie starters the past two weeks, replacing Pro Bowler Ryan Kelly who is on injured reserve. 55.88 — Indy has scored touchdowns on 55.88% of its red zone trips this season. While it puts it near the middle of the NFL, it's cost the Colts multiple wins. Richardson needs to rebound from this latest 11 of 28 performance and show he can lead the Colts to victories week after week. He'll get plenty of chances over the season's final month, starting with next week's game at the New England Patriots. AP NFL: https://apnews.com/hub/nfl
OMAHA, Neb. (AP) — Investor Warren Buffett renewed his Thanksgiving tradition of giving by handing out more than $1.1 billion of Berkshire Hathaway stock to four of his family's foundations Monday, and he offered new details about who will be handing out the rest of his fortune after his death. Buffett has said previously that his three kids will distribute his remaining $147.4 billion fortune in the 10 years after his death, but now he has also designated successors for them because it's possible that Buffett's children could die before giving it all away. He didn't identify the successors, but said his kids all know them and agree they would be good choices. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Get any of our free email newsletters — news headlines, obituaries, sports, and more.Membership of UK's anti-immigration Reform party surpasses Conservatives
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