STORY: Wall Street ended lower on Tuesday, with the S&P 500 extending its losing streak to four sessions, as skittish investors fretted over Federal Reserve rate hikes and further talk of a looming recession.The Dow fell more than 1%, the S&P dropped over 1.4%, while the Nasdaq shed 2%.Tim Courtney is Chief Investment Officer at at Exencial Wealth Advisors“I think what we're seeing in markets today is the continuation of the interest rate story that started, you know, at the end of the first quarter of this year. [FLASH] And that means those most interest rate sensitive areas of the market, like the Nasdaq, like large growth stocks, they're falling more. They're falling more today. They fell more yesterday. [FLASH] So, if you're more sensitive to interest rates, you've had a bad day over the last couple of days.”Among those large growth stocks, Apple, Amazon.com and Alphabet all fell between 2.5% and 3%.But it was Meta Platforms that really dragged down markets… its shares sliding 6.8% following reports that European Union regulators have ruled the company should not require users to agree to personalized ads based on their digital activity.Financial titans also pointed toward uncertain times ahead.Bank of America’s chief executive Brian Moynihan predicted three quarters of mild negative growth next year, while JPMorgan Chase CEO Jamie Dimon said inflation will erode consumer spending power and that a mild to more pronounced recession was likely ahead.
Snow fell over Bryce Canyon National Park in southern Utah overnight into Tuesday, December 6, leaving its crimson-colored limestone cliffs and spires draped in white, the National Park Service (NPS) said.The NPS said about two inches of snow fell on the park, and the National Weather Service said more snow could fall by Wednesday night. Credit: National Park Service via Storyful
STORY: Location: Al Khor, QatarFor the first time in World Cup historythree stadiums are offering ‘sensory rooms’(Mark Dyer, Inclusive Design Adviser, Qatar’s Supreme Committee for Delivery and Legacy)"A sensory room for those who don't know is a place where we can bring autistic children and adults, or associated neurodiverse disabilities to come and enjoy a football match in an environment that feels safe and secure. The place itself is set up to give them activities, give them calm, relaxation and opportunities to get away from some of the stimulations in the match that they could find challenging otherwise."For those with certain sensory requirements,large, loud crowds can be overwhelmingand a barrier to attending matchesThe stadiums were built with hopes of achieving the most accessible World Cup ever(Alison Saraf, Co-Owner of ‘Sensory Souk’, Mother of child with autism diagnosis)"So what you will see around the room is a lot of equipment that provides a lot of support for them on different levels just depending on what their requirements are. As you see we have a lot of fibre optic lights.""They are all very tactile but they also provide as I said this input these individuals need to calm and refocus their bodies."
STORY: Thousands of demonstrators marched through the streets in both cities in a symbolic protest against police brutality on the anniversary of the fatal police shooting of 15-year old Alexandros Grigoropoulos, on an Athens street in 2008.Hours after Grigoropoulos was shot, thousands took to the streets torching cars, looting, and smashing window shops. The police officer was sentenced to life imprisonment but was released earlier by an Appeal's court.In both cities protesters threw petrol bombs and flares at riot police guarding the demonstrations, who responded with teargas and flash bombs.The protests came as members of the Roma community in Thessaloniki also scuffled with police during a demonstration over the shooting of a 16-year-old Roma boy on Monday, being treated in hospital for head injuries. The protesters there set up barricades and lit fires in the streets, including setting a tractor alight.Police alleged the boy drove away from a gas station without paying for gas. A police chase ensued, where the boy was wounded by a bullet. One officer has been arrested over the incident.
President Joe Biden took to Twitter to show the White House’s holiday decorations on Tuesday, December 6.Video posted by President Biden on Tuesday shows Christmas trees covered in glistening lights and faux snow, among other festive decor at the White House.The president said, “It’s the most wonderful time of the year.” Credit: President Biden via Storyful
Palestinian soccer fans in Gaza City broke out in celebration while watching Morocco defeat Spain and advance to the FIFA World Cup’s quarterfinals on Tuesday, December 6.Morocco beat Spain in a penalty shootout, winning three goals to none after ending regular time tied zero-zero.This is the first time Morocco has advanced to the quarter-final stage of the World Cup, according to FIFA.Footage taken by journalist Mohamed Abo Oun shows fans cheer, dance, and wave Moroccan and Palestinian flags in a recreation hall in Gaza City. Credit: Mohamed Abo Oun via Storyful
STORY: Added Courtney, "They [Meta Platforms] need to be able to deliver and show investors that they can continue their growth."Meta Platforms was among the biggest drags on the S&P on Tuesday (Dec. 6). Its shares slid following reports that European Union regulators have ruled the company should not require users to agree to personalized ads based on their digital activity.
The National Oceanic and Atmospheric Administration (NOAA) released a compilation of satellite imagery of the eruption of Hawaii’s Mauna Loa volcano on Tuesday, December 6.On Tuesday, the NOAA posted satellite imagery, which they said was captured on Monday, November 28, when the volcano erupted on Hawaii’s Big Island.The satellites are used to monitor “the ongoing eruption, lava flow, ash plume, and sulfur dioxide emissions,” the NOAA said.Officials reported that Mauna Loa continued to erupt with fissures feeding lava flows on Tuesday, December 6. Credit: NOAA Satellites via Storyful
STORY: Spain and Morocco have a long history of rivalry and mutual cultural influences dating back to the Muslim conquest of Iberia in the eighth century and the Spanish Reconquista that followed, with rocky diplomatic relations in the past decades, often upset by migration issues.Spain fans were dejected to see their team crash out of the tournament.
Moroccans living in London took to the streets to celebrate on Tuesday, December 6, after the national soccer team advanced to the FIFA World Cup quarterfinals in Qatar after defeating former champions Spain.This footage from Dan Barker shows a line of vehicles honking their horns on London’s Edgware Road, jubilant fans on Oxford Street, and a large crowd in Piccadilly Circus, where some fans scaled the Shaftesbury Memorial Fountain, commonly known as the statue of Eros.Morocco beat Spain 3-0 on penalties after the match ended 0-0 at the end of extra time, becoming the first Arab country to ever reach the World Cup quarterfinals. Credit: @danbarker via Storyful
STORY: A U.N. summit opening this week in Montreal is aimed at protecting worldwide ecosystems and averting potential mass extinctions of global wildlife.Negotiators from nearly every nation and thousands of organizations hope that the two-week summit, known as COP15, yields a deal that ensures there is more "nature" — animals, plants, and healthy ecosystems — in 2030 than what exists now.But how that progress is pursued and measured will need to be agreed by all 196 governments under the U.N. Convention on Biological Diversity."A key goal of COP15 is for the nations of the world to agree to protect more of the land and more of the ocean."Stuart Pimm is the Doris Duke Professor of Conservation at Duke University.“COP15 is important because the biggest irreversible change to our planet is that we are driving species to extinction, a thousand times faster than they should be going extinct. Unlike climate change, which is bad enough, you know, if you lose species, you can never get them back."According to a 2022 U.N. Global Land Outlook assessment, more than one million species are now threatened with extinction, vanishing at a rate not seen in 10 million years. As much as 40% of Earth's land surfaces are considered degraded. Suesan Lieberman is the vice president for international policy for the Wildlife Conservation Society.“What I don't want is in ten years to say, ‘Well, that one failed. Let's try again.’ We can't afford that. Humanity can't afford that, and nature can't afford that. A lot of ecosystems are at the tipping point. Any more destruction and they can never recover.”Overall, the U.N. hopes to persuade all countries to pledge to put at least 30% of their land and sea areas under conservation by 2030 – a target often referred to as the "30-by-30" goal. Currently, only about 17% of the world's land area falls under some sort of protection, while less than 8% of the global ocean is protected.But negotiators said the draft deal is still riddled with bracketed phrases – indicating a lack of agreement and ongoing discussion on hundreds of points. Some of toughest areas include how to ensure poor nations will have the funding needed to restore degraded areas, whether to include efforts to curb climate-warming emissions, and whether to impose a deadline for phasing out pesticides.“What I would like to see coming out of COP15 is that we agree to be a protector of nature rather than an abuser of nature."More than 10,000 participants, including government officials, scientists, and activists, were set to attend the summit starting Wednesday and running through Dec. 19.
Snow came down on parts of eastern Ontario on Tuesday, December 6, as officials said wind chills fell to -15 degrees Celsius (5 Fahrenheit).Twitter user @marsh_bay said this footage shows their snowy drive through Temiskaming Shores on Tuesday morning.Environment Canada said local temperatures would fall to -6 Celsius (21 Fahrenheit) overnight Tuesday into Wednesday. Credit: @marsh_bay via Storyful
STORY: 'This interest rate increase has already had an effect, and you can already see it," Courtney continued. "And our guess is that there's going to be pressure on the Fed to slow down.... And if they then cause a harder landing, I don't think they really want to be seen as responsible for causing that."
STORY: It is the first time the iconic artwork by Jean-Baptiste Tuby has been removed from its basin since it was placed there in 1671 during the reign of Louis XIV, also known as the Sun King.Until now, restoration work had been limited to its surface."Apollo has suffered from the impact of time," Jacques Moulin, head architect at Versailles, told Reuters.The metal structures that for more than three centuries have been supporting the fountain -- consisting of 13 statues and weighing 30 tons -- have rusted and warped, leaving the fountain in need of critical remedial work, Moulin explained."(The damage) is not because of the lead but the metallic structures in each sculpture."The restoration work will consist of disassembling the statues, with the 13 sculptures being restored and re-gilded, while the stone base will be strengthened.
STORY: "We are not enabling Ukraine to strike beyond its borders. We are not encouraging Ukraine to strike beyond its borders," U.S. State Department spokesman Ned Price told reporters, adding that the United States is providing Ukraine with what it needs to use on its sovereign territory to defend itself.Kyiv did not directly claim responsibility for the strikes, but nonetheless celebrated them. Price said there was no confirmation the strikes were carried out by Ukraine.
STORY: The volcano first began erupting on Sunday, November 27, at about 11:30 p.m. local time, according to the USGS.Mauna Loa rises 13,679 feet (4,169 meters) above the Pacific Ocean, part of a chain of volcanoes that formed the islands of Hawaii. Its current eruption ended the longest period of quiet in the volcano's recorded history. The volcano previously erupted in March and April of 1984.
STORY: These charred statues on Chile’s tiny, remote Easter Island are signs of a growing tension between landowners and conservationists. The island, called Rapa Nui by its indigenous inhabitants, is best-known for the centuries-old statues, called Moai, that dot its landscape. The statues measure up to 72 feet and weigh dozens of tons. There are hundreds on the 64-square-mile island, which is over 2,000 miles from Chile’s coast. Some are now marked by fire, a visible sign of the underlying tensions here between old families and authorities focused on conservation. The local families, under the banner of the self-described Rapa Nui parliament, argue for a return to an ancient clan system for dividing up the land. While conservationists and an elected council tasked with managing the island’s national park say some people use park lands for cattle farming, at times causing fires. Local archaeologist Merahi Atam says there’s been an exponential increase in livestock and agriculture on the island in the last few years. She says some of the increase came from wanting to make life more sustainable during the health crisis when the island was cut off. In October ranchers burning pasture sparked a wildfire that tore across the island’s volcanic crater and damaged several Moai.The last two years have seen the most wildfires going back to the 1990s, according to Chilean government data. Meanwhile the number of cattle on the island has risen to more than 6,000 from 3,400 in 1966. They graze or pass through nearly 80 percent of the national park, according to a University of Chile study. In 2016 the Chilean state agreed to start handing over control of the park, which covers nearly half the island, to a locally chosen council, which is set to take control in 2025. But some islanders instead want a return to the clan system which existed before the 1888 treaty between one of the last kings of Rapa Nui and Chile. But some islanders want a return to the system that existed before 1888 under one of the last kings of Rapa Nui.Juan Tucki, a member of the Rapa Nui parliament who keeps cattle, said every clan owns land that was distributed by the king. He said authorities were notified of the pasture burn in October and failed to prepare. Tucki agrees that certain archeological sites should be run collectively, but that most of the land should be for the people. Rapa Nui Mayor Petero Edmunds blames the introduction of livestock on the British-Chilean Easter Island Exploitation Company... and the state and military for offering cattle to islanders in the 1980s. So what do you call that, asks Edmunds. Illegal occupation? Seizure? Usurpation? Of what? Who allowed this? Who brought the first animal? All this needs to be asked, he said. And the only guilty party here is the state.
STORY: The massive collapse of multi-billion-dollar crypto exchange FTX has grabbed headlines, spooked investors, and turned its former CEO Sam Bankman-Fried from so-called wunderkind to pariah in just weeks.But among the carnage, at least one major bank sees a buying opportunity: Goldman Sachs.Reuters has learned exclusively that Goldman plans to spend tens of millions of dollars scooping up or taking stakes in beaten-down crypto companies.With investor interest dampened, those companies can now come relatively cheap for those who are still crypto believers.Which, apparently, Goldman Sachs is.The bank’s head of digital assets told Reuters that Goldman is doing due diligence on a number of different crypto firms, adding that while FTX set back market sentiment, crypto’s underlying technology (quote) “continues to perform.”But rival banks are more skeptical – especially as calls mount for heightened regulation.At a Reuters Next conference on Dec. 1st, Morgan Stanley CEO James Gorman said that while he didn’t think cryptocurrencies were going away he couldn’t (quote) “put an intrinsic value on it.”And HSBC CEO Noel Quinn told a banking conference in London last week he has no plans to expand into crypto trading or investing for retail customers.While the amount Goldman may spend is not large for the Wall Street giant - which earned $21.6 billion last year - it’s willingness to keep investing in the sector amid the shakeout shows it senses a long-term opportunity.
STORY: From Sam Bankman-Fried getting ready to face the music, to why Goldman Sachs is on a crypto bargain hunt, this is your roundup of the week’s big stories in the world of virtual money. FTX founder Sam Bankman-Fried says he will testify before the House Financial Services Committee. It’s due to hold a hearing this month. Before that, SBF says he just has to finish “learning and reviewing” the events that toppled his crypto exchange. He spent the past week telling the media that he never set out to do fraud. The former crypto mogul blamed catastrophic management and accounting failures instead. Goldman Sachs thinks it spies opportunity in the chaos. The bank told Reuters it’s hunting for affordable crypto firms to buy or invest in.It says the FTX fiasco has heightened the need for reputable players in the market. Goldman reckons it’s found several opportunities at good prices, but won’t give details. Lawyers are among the winners too. Experts say law firms can rake in more than $100 million in fees during a major bankruptcy case. U.S. attorneys Kirkland & Ellis are one to cash in. They are representing BlockFi, Celsius Network and Voyager Digital - which all collapsed. Each such case generates fees of of over $3 million per month.
Fans of the Moroccan soccer team cheered and lit fireworks in Barcelona on December 6, after their team defeated Spain in the FIFA World Cup to advance in the tournament.Morocco beat Spain in a penalty shootout, winning three goals to none after ending regular time tied zero-zero.This is the first time Morocco has advanced to the quarter-final stage of the World Cup, according to FIFA.Video filmed by Twitter user @SergiDiaz94 shows Morocco fans celebrating the win on Barcelona’s iconic La Rambla street. Credit: @SergiDiaz94 via Storyful
Soccer fans took to the streets of Queens, New York, as Morocco advanced to the FIFA World Cup’s quarterfinals on Tuesday, December 6.Morocco beat Spain 3-0 on penalties after a 0-0 tie during the knockout stage of the World Cup on December 6.ESPN reported that Morocco is the first Arab country to progress to the quarterfinals of the World Cup.Footage posted online shows Morocco fans celebrating in New York. Credit: Kamel Mahiout via Storyful
The family of a police officer who died after the US Capitol attack on January 6, 2021, refused to shake hands with Republicans Mitch McConnell and Kevin McCarthy on December 6 during a ceremony in Washington honoring police who defended the Capitol.Former US Capitol Police (USCP) Officer Brian Sicknick was violently assaulted by Trump loyalists on January 6 and died “of natural causes” the following day after experiencing two strokes, according to reports citing the chief medical examiner, Francisco J Diaz. The USCP accepted those findings, but said they did “not change the fact Officer Sicknick died in the line of duty, courageously defending Congress and the Capitol.”Four members of Sicknick’s family attended the event and shook hands with Speaker of the House Nancy Pelosi and Senate Majority Leader Chuck Schumer, both Democrats, but bypassed Senate Minority Leader McConnell and House Minority Leader McCarthy.Speaking to reporters afterward, Sicknick’s brother Ken Sicknick said McConnell and McCarthy had initially condemned the attack on January 6, but then backtracked on their positions.“Unlike Liz Cheney, they have no idea what integrity is,” Sicknick said. “They can’t stand up for what’s right and wrong. With them, it’s party first.”Gladys Sicknick, the mother of Brian Sicknick, said McCarthy and McConnell were “two-faced,” according to CNN. “I’m just tired of them standing there and saying how wonderful the Capitol police is and then they turn around and … go down to Mar-a-Lago and kiss his ring and come back and stand here and sit with – it just, it just hurts,” CNN quoted her as saying. Credit: C-SPAN via Storyful
STORY: Some female fans say they feel safer at the World Cupin part due to strict controls on alcohol in conservative QatarEllie Molloson is part of a campaign to tackle sexism in football(Ellie Molloson, HerGameToo Ambassador)"I was expecting a very dangerous place for women. I didn’t think I was going to be safe here, my dad came out specifically because it was just going to be me on my own, because he was so worried about the safety aspect as a 19-year-old girl in Qatar... That’s not been the case, as a travelling female fan I can say that I have felt very safe. I've had no cat-calling, no wolf-whistling, nothing like that.""I think it actually is due to a more socially conservative society. I think alcohol contributes a bit more to hostility..."Alcoholic beer is available in designated fan zones but not stadiums(Maya Alba, Australia fan)“…People are a bit more wild with booze in their systems. So over here I think that’s something that has helped a lot and also security has been really strict so that also helps."(Sarah Mower, England fan)"I was at the Euros, quite frightened for my life to be honest at the Euros there were so many people, there’s been absolutely no trouble here at all, lost my voice too much singing. But absolutely perfect atmosphere they’re so friendly, people were saying to me you won't be able to walk down the street by yourself all the rest of it, absolutely no problems whatsoever."
Lava flow decreased from Hawaii’s Mauna Loa volcano by Monday, December 5, the US Geological Survey (USGS) said.As of December 5, the lava flow was approximately 2.15 mi (3.5 km) from the Daniel K Inouye Highway, the USGS said. Credit: EpicLava via Storyful