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NEW YORK (AP) — U.S. stocks are drifting around their records Thursday in the runup to a big jobs report due on Friday. The crypto market had much more action, and bitcoin briefly burst to a record above $103,000 before pulling back. The S&P 500 was edging down by 0.1% after setting an all-time high for the 56th time this year the day before to improve one of its best years of the millennium . The Dow Jones Industrial Average was down 183 points, or 0.4%, with roughly an hour remaining in trading, while the Nasdaq composite was nearly unchanged from its own record set the day before. Bitcoin powered above $100,000 the night before, after President-elect Donald Trump chose a crypto advocate, Paul Atkins, as his nominee to head the Securities and Exchange Commission. The cryptocurrency has climbed dramatically from less than $70,000 on Election Day, but it quickly fell back as Thursday progressed toward $99,000, according to CoinDesk. Sharps swings for bitcoin are nothing new, and they took stocks of companies enmeshed in the crypto world on a similar ride. After rising as much as 9% in early trading, MicroStrategy, a company that’s been raising cash just to buy bitcoin, swung to a loss of 5.9%. Crypto exchange Coinbase Global fell 3.2% after likewise erasing a big early gain. Elsewhere on Wall Street, stocks of airlines helped lead the way following the latest bumps up to financial forecasts from carriers. American Airlines Group soared 18.6% after saying it’s making more in revenue during the last three months of 2024 than it expected, and it will likely make a bigger profit than it had earlier forecast. The airline also chose Citi to be its exclusive partner for credit cards that give miles in its loyalty program. That should help its cash coming in from co-branded credit card and other partners grow by about 10% annually. Southwest Airlines climbed 3.4% after saying it’s seeing stronger demand from leisure travelers than it expected. It also raised its forecast for revenue for the holiday traveling season. On the losing end of Wall Street was Synposys, which tumbled 12.1%. The supplier for the semiconductor industry reported better profit for the latest quarter than analysts expected, but it also warned of “continued macro uncertainties” and gave a forecast for revenue in the current quarter that fell short of some analysts’ estimates. American Eagle Outfitters fell even more, 15.3%, after the retailer said it’s preparing for “potential choppiness” outside of peak selling periods. It was reminiscent of a warning from Foot Locker earlier in the week and raised more concerns about how resilient U.S. shoppers can remain. Solid spending by U.S. consumers has been one of the main reasons the U.S. economy has avoided a recession that earlier seemed inevitable after the Federal Reserve hiked interest rates to crush inflation. But shoppers are now contending with still-high prices and a slowing job market . This week’s highlight for Wall Street will be Friday’s jobs report from the U.S. government, which will show how many people employers hired and fired last month. A report on Thursday said the number of U.S. workers applying for unemployment benefits rose last week but remains at historically healthy levels. Expectations are high that the Fed will cut its main interest rate again when it meets in two weeks. The Fed began easing its main interest rate from a two-decade high in September, hoping to offer more support for the job market. In the bond market, the yield on the 10-year Treasury held steady at 4.18%, where it was late Wednesday. In stock markets abroad, indexes were mostly calm in Europe after far-right and left-wing lawmakers in France joined together to vote on a no-confidence motion prompted by budget disputes that will force Prime Minister Michel Barnier and his Cabinet to resign. The CAC 40 index in Paris added 0.4%. In South Korea, the Kospi fell 0.9% to compound its 1.4% decline from the day before. President Yoon Suk Yeol was facing possible impeachment after he suddenly declared martial law on Tuesday night. He revoked the martial law declaration six hours later. Crude oil prices slipped after eight members of the OPEC+ alliance of oil exporting countries decided to put off increasing oil production. AP Business Writers Yuri Kageyama and Matt Ott contrributed.

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WASHINGTON (AP) — The House shut down Democrats' efforts Thursday to release the long-awaited ethics report into former Rep. Matt Gaetz , pushing the fate of any resolution to the yearslong investigation of sexual misconduct allegations into further uncertainty. The nearly party-line votes came after Democrats had been pressing for the findings to be published even though the Florida Republican left Congress and withdrew as President-elect Donald Trump’s nominee for attorney general. Rep. Tom McClintock, R-Calif., was the sole Republican to support the effort. Most Republicans have argued that any congressional probe into Gaetz ended when he resigned from the House. Speaker Mike Johnson also requested that the committee not publish its report, saying it would be a terrible precedent to set. While ethics reports have previously been released after a member’s resignation, it is extremely rare. Shortly before the votes took place, Rep. Sean Casten, D-Ill., who introduced one of the bills to force the release, said that if Republicans reject the release, they will have “succeeded in sweeping credible allegations of sexual misconduct under the rug.” Gaetz has repeatedly denied the claims. Earlier Thursday, the Ethics panel met to discuss the Gaetz report but made no decision, saying in a short statement that the matter is still being discussed. It's unclear now whether the document will ever see the light of day as lawmakers only have a few weeks left before a new session of Congress begins. It's the culmination of weeks of pressure on the Ethics committee's five Republicans and five Democrats who mostly work in secret as they investigate allegations of misconduct against lawmakers. The status of the Gaetz investigation became an open question last month when he abruptly resigned from Congress after Trump's announcement that he wanted his ally in the Cabinet. It is standard practice for the committee to end investigations when members of Congress depart, but the circumstances surrounding Gaetz were unusual, given his potential role in the new administration. Rep. Michael Guest, R-Miss., the committee chairman, said Wednesday that there is no longer the same urgency to release the report given that Gaetz has left Congress and stepped aside as Trump's choice to head the Justice Department. “I’ve been steadfast about that. He’s no longer a member. He is no longer going to be confirmed by the Senate because he withdrew his nomination to be the attorney general,” Guest said. The Gaetz report has also caused tensions between lawmakers on the bipartisan committee. Pennsylvania Rep. Susan Wild, the top Democrat on the panel, publicly admonished Guest last month for mischaracterizing a previous meeting to the press. Gaetz has denied any wrongdoing and said last year that the Justice Department’s separate investigation against him into sex trafficking allegations involving underage girls ended without federal charges. His onetime political ally Joel Greenberg , a fellow Republican who served as the tax collector in Florida’s Seminole County, admitted as part of a plea deal with prosecutors in 2021 that he paid women and an underage girl to have sex with him and other men. The men were not identified in court documents when he pleaded guilty. Greenberg was sentenced in late 2022 to 11 years in prison. ___ Farnoush Amiri, The Associated PressJuan Soto 'is signing with New York Mets in $700m deal', says ex-MLB playerNate Johnson scores 25 as Akron defeats Alabama State 97-78

A regional council has sacked its chief executive officer in a stunning move, dumping the local government leader after a decade of service. Black Friday Sale Subscribe Now! Login or signup to continue reading All articles from our website & app The digital version of Today's Paper Breaking news alerts direct to your inbox Interactive Crosswords, Sudoku and Trivia All articles from the other regional websites in your area Continue Yass Valley Council called an extraordinary meeting earlier this week where councillors voted to sack Chris Berry with immediate effect. The council's director of planning and environment Julie Costa will be the acting CEO until a full-time replacement is found. Yass mayor Jasmin Jones said it would be "business as usual" for ratepayers and residents, but did not give a reason for promptly sacking the former chief. "For our customers, residents and ratepayers, it will be business as usual, and I can assure our community that there will be no interruptions to service delivery during this transition period," Cr Jones in a statement. "Our councillors, management and staff remain firmly focused on improving council's financial performance and achieving positive outcomes for our customers and community." An aerial view of Yass. Picture Yass Valley Council. According its website, Mr Berry had worked for the council since 2014, including a stint as planning director. The Yass council website trumpets Mr Berry's achievements during his tenure. "Chris has risen to the challenge associated with growth in the local government area and the pressures associated with our close proximity to Canberra," his council profile reads. READ MORE: Authorities promise Thursday will be better, after MyWay+ rollout 'teething issues' The APS's biggest bullies revealed Like smoking 15 cigarettes a day " Some of his biggest achievements have been the completion of the settlement strategy for the future growth of Yass valley and finalising the rural lands planning proposal." He was previously general manager of the neighbouring Goulburn council. Earlier this month, Goulburn Mulwaree Council's CEO Aaron Johansson quit, citing an untenable relationship with the mayor Nina Dillon. He cited "differences of opinion" between himself and the mayor over the health of council finances as a key reason. But "multiple factors" played a role. Share Facebook Twitter Whatsapp Email Copy Jacob McArthur Producer Jacob McArthur is opinions editor for The Canberra Times and Australian Community Media. As part of the Canberra Times' production team, he helps the people of Canberra and beyond get the stories they need, when they need them across a range of platforms, while helping maintain a high editorial standard. Before moving to Canberra in 2020, he started with Australian Community Media in 2015 as a journalist for The Northern Daily Leader in Tamworth where he kept a close eye on Tamworth Regional Council. Jacob was also the co-host of ACM's Water Pressure podcast where he and Jamieson Murphy took a deep dive on issues and key decisions arising during one of the region's worst droughts on record. Jacob McArthur is opinions editor for The Canberra Times and Australian Community Media. As part of the Canberra Times' production team, he helps the people of Canberra and beyond get the stories they need, when they need them across a range of platforms, while helping maintain a high editorial standard. Before moving to Canberra in 2020, he started with Australian Community Media in 2015 as a journalist for The Northern Daily Leader in Tamworth where he kept a close eye on Tamworth Regional Council. Jacob was also the co-host of ACM's Water Pressure podcast where he and Jamieson Murphy took a deep dive on issues and key decisions arising during one of the region's worst droughts on record. More from Canberra Gladiator II vs Wicked: How 'Glicked' is bringing back Barbenheimer buzz 17m ago Council abruptly sacks chief, but it's 'business as usual', says mayor 32m ago No comment s Authorities promise Thursday will be better, after MyWay+ rollout 'teething issues' No comment s We could ease cost-of-living pain on poorer households, but it would be awkward No comment s 'Extraordinary' scale of leaders' phone hacks spark warnings for lead-up to election No comment s Raiders tap into Storm success as coaching set-up reshuffled No comment s Newsletters & Alerts View all DAILY Your morning news Today's top stories curated by our news team. Also includes evening update. Loading... WEEKDAYS The lunch break Grab a quick bite of today's latest news from around the region and the nation. Loading... DAILY Sport The latest news, results & expert analysis. Loading... WEEKDAYS The evening wrap Catch up on the news of the day and unwind with great reading for your evening. Loading... WEEKLY Note from the Editor Get the editor's insights: what's happening & why it matters. Loading... WEEKLY FootyHQ Love footy? We've got all the action covered. Loading... DAILY Early Look At David Pope Your exclusive preview of David Pope's latest cartoon. Loading... AS IT HAPPENS Public Service News Don't miss updates on news about the Public Service. Loading... WEEKLY Explore Travel Every Saturday and Tuesday, explore destinations deals, tips & travel writing to transport you around the globe. Loading... WEEKLY Property Get the latest property and development news here. Loading... WEEKLY What's On Going out or staying in? Find out what's on. Loading... WEEKLY Weekend Reads We've selected the best reading for your weekend. Loading... WEEKLY Times Reader's Panel Join our weekly poll for Canberra Times readers. Loading... WEEKDAYS The Echidna Sharp. Close to the ground. Digging deep. Your weekday morning newsletter on national affairs, politics and more. Loading... TWICE WEEKLY The Informer Your essential national news digest: all the big issues on Wednesday and great reading every Saturday. Loading... WEEKLY Motoring Get news, reviews and expert insights every Thursday from CarExpert, ACM's exclusive motoring partner. Loading... TWICE WEEKLY Voice of Real Australia Get real, Australia! Let the ACM network's editors and journalists bring you news and views from all over. Loading... AS IT HAPPENS Breaking news alert Be the first to know when news breaks. Loading... DAILY Today's Paper Alert Your digital replica of Today's Paper. Ready to read from 5am! Loading... DAILY Your favourite puzzles Test your skills with interactive crosswords, sudoku & trivia. Fresh daily! Loading...HALIFAX — A day after Nova Scotia Premier Tim Houston led the Progressive Conservatives to a massive majority win, the Liberals were licking their wounds and wondering why their party was almost wiped off the political map. On Wednesday morning, once all the ballots were counted, the incumbent Tories had secured 43 of the 55 seats in the legislature, an increase of nine. The NDP won nine seats, an increase of three, and the Liberals fell to only two seats, a dozen less than when the campaign started. One Independent candidate held her seat — a first for the province. Liberal Leader Zach Churchill, a 40-year-old former cabinet minister, lost his seat after a long, see-saw battle with his Tory rival in the riding of Yarmouth — Churchill's hometown on Nova Scotia's southwestern shore. The Liberals had to give up their role as official opposition and the party barely held on to official party status. "At the end of the day, this falls on my shoulders," Churchill said afterwards. "This loss belongs to me and me alone." But it would be wrong to blame Churchill for his party's collapse at the polls, says Tom Urbaniak, a political science professor at Cape Breton University in Sydney, N.S. "Zach Churchill was dealing with a damaged Liberal brand — damaged in large part by the current standing of Prime Minister Justin Trudeau," Urbaniak said in an interview Wednesday, adding that Houston took advantage of that weakness. "(Churchill) was portrayed as Justin Trudeau's junior protege. And that stuck with some Nova Scotians." Throughout the campaign, Houston and his Tory colleagues tried to link Trudeau — whose Liberals are trailing the federal Tories by about 20 points in the polls — with Churchill, a well-spoken career politician who was elected to lead the provincial party in July 2022. "We know Zach Churchill defends his federal cousins at every turn,” provincial Fisheries and Aquaculture Minister Kent Smith said in a statement early in the campaign. “Once again, when Zach Churchill had the choice to stand up for Nova Scotians or stand with Justin Trudeau, he chose Trudeau.” Churchill was also hobbled by a relatively low provincial profile, Urbaniak said. Despite the fact that he had held the riding of Yarmouth for the past 14 years and served in the cabinet of former Liberal premier Stephen McNeil, Churchill failed to leave much of an impression on the electorate, he said. Part of the problem was that McNeil, who served as premier from 2013 to 2021, rarely let his ministers spend much time in the limelight. "Stephen McNeil, at times, ran a one-person government," the professor said. "The premier made the big decisions .... That came back to hurt Zach Churchill." As well, Houston's decision to call an early election also stung the Liberals and the NDP, both of which were still nominating candidates when the campaign started. On another front, the Liberals in southwestern Nova Scotia were hurt by the fact that residents in several fishing communities had long complained about what they said was the federal Liberal government's failure to stop the illegal fishing of lobsters and baby eels. "The perceived federal mismanagement was a factor in some ridings," Urbaniak said, pointing to the Acadian riding of Clare, which had been held by the Liberals for the past 31 years. Liberal candidate Ronnie LeBlanc, a local fisherman, lost the riding to rookie Tory candidate Ryan Robicheau on Tuesday night by more than 1,000 votes. During the campaign, Churchill promised to establish an inquiry into illegal fishing, but voters on the South Shore were unimpressed. The Tories won all nine ridings in the region. It was Churchill's first election as leader. On Tuesday night, he declined to say if he would stay in the role. Neither Churchill nor Houston were available for an interview Wednesday. As for the NDP, party leader Claudia Chender said she was looking forward to taking on the large Tory majority. "I think what we take away from being the official Opposition is that people are looking for a strong voice and they are looking for a different voice,” said Chender, a 48-year-old lawyer. It was also her first election as leader. She said her priorities include pushing for more protection for renters, and reducing the number of people still seeking a doctor. The three additional seats won by the NDP are all in the Halifax area, part of the party’s traditional power base. Chender said the election results showed her party has room to grow, particularly along the South Shore and in Cape Breton. “In many ridings across this province there were tight two- or three-way races and we are building,” she said. “I think that work has started and will continue.” This report by The Canadian Press was first published Nov. 27, 2024. Michael MacDonald, The Canadian Press

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LOS ANGELES — Northern California is being drenched by the first major atmospheric river storm of the season, with rain totals reaching well over 7 inches in many areas, and continued rain on Thursday stretching the threat for flooding and mudslides. The slow-moving storm was strengthened by a so-called bomb cyclone, which describes how rapidly the system intensified in the Pacific before it moved ashore. By Friday, the rain will begin moving southward, and while forecasters are saying some rain is likely to hit Southern California by the weekend, it will be dramatically less than than what's been seen north of the Bay Area this week. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Get the latest news, sports, weather and more delivered right to your inbox.