November 12, Tuesday, 2024

1. Stocks rose in New York on Monday, with the benchmark Dow Jones Industrial Average closing above 44,000 for the first time. Buy orders expanded on hopes that President-elect Donald Trump’s promises of tax cuts and deregulation will boost the US economy. Banks and other financial stocks led the way from the start of the day’s trading.
2. Japan’s government is setting up a fund worth more than 10 trillion yen, or 65 billion dollars, to bankroll domestic development of next-generation technologies, including artificial intelligence and semiconductors. The government’s commitment to backing high-tech industries is expected to attract additional investment from the private sector.
3. US President-elect Donald Trump issued a statement by Monday announcing his nomination of Republican congresswoman Elise Stefanik to be his country’s ambassador to the United Nations. Stefanik is a senior Republican member of the House of Representatives. As a strong supporter of Trump, she has delivered speeches at Trump’s rallies.