10jili us AP Business SummaryBrief at 6:04 p.m. ESTNEW YORK — Major stock indexes on Wall Street drifted to a mixed finish Friday, capping a rare bumpy week for the market. The Standard & Poor’s 500 ended essentially flat, down less than 0.1%, after wavering between tiny gains and losses most of the day. The benchmark index posted a loss for the week, its first after three straight weekly gains. The Dow Jones industrial average slipped 0.2%, while the Nasdaq composite rose 0.1%, ending just below the record high it set on Wednesday. There were more than twice as many decliners as gainers on the New York Stock Exchange. Gains in technology stocks helped temper losses in communication services, financials and other sectors of the market. Broadcom surged 24.4% for the biggest gain in the S&P 500 after the semiconductor company beat Wall Street’s profit targets and gave a glowing forecast, highlighting its artificial intelligence products. The company also raised its dividend. The company’s big gain helped cushion the market’s broader fall. Pricey stock values for technology companies like Broadcom give the sector more weight in pushing the market higher or lower. Artificial intelligence technology has been a focal point for the tech sector and the overall stock market over the last year. Tech companies, and Wall Street, expect demand for AI to continue driving growth for semiconductor and other tech companies. Some tech stocks were a drag on the market. Nvidia fell 2.2%, Meta Platforms dropped 1.7% and Google parent Alphabet slid 1.1%. Among the market’s other decliners were Airbnb, which fell 4.7% for the biggest loss in the S&P 500, and Charles Schwab, which closed 4% lower. Furniture and housewares company RH, formerly known as Restoration Hardware, surged 17% after raising its forecast for revenue growth for the year. All told, the S&P 500 lost 0.16 points to close at 6,051.09. The Dow dropped 86.06 points to 43,828.06. The Nasdaq rose 23.88 points to 19,926.72. Wall Street’s rally stalled this week amid mixed economic reports and ahead of the Federal Reserve’s last meeting of the year. The central bank will meet next week and is widely expected to cut interest rates for a third time since September. Expectations of rate cuts have driven the S&P 500 to 57 all-time highs so far this year. The Fed has been lowering its benchmark interest rate after an aggressive rate hiking stint that was meant to tame inflation. It raised rates from near zero in early 2022 to a two-decade high by the middle of 2023. Under pressure from higher interest rates, inflation eased nearly to the central bank’s 2% target. The economy, including consumer spending and employment, held strong despite the squeeze from inflation and high borrowing costs. A slowing job market, though, has helped push a long-awaited reversal of the Fed’s policy. Inflation rates have been warming up slightly over the last few months. A report on consumer prices this week showed an increase to 2.7% in November from 2.6% in October. The Fed’s preferred measure of inflation, the personal consumption expenditures index, will be released next week. Wall Street expects it to show a 2.5% rise in November, up from 2.3% in October. The economy, though, remains solid heading into 2025 as consumers continue spending and employment remains healthy, said Gregory Daco, chief economist at EY. “Still, the outlook is clouded by unusually high uncertainty surrounding regulatory, immigration, trade and tax policy,” he said. Treasury yields edged higher. The yield on the 10-year Treasury rose to 4.40% from 4.34% late Thursday. European markets slipped. Britain’s FTSE 100 fell 0.1%. Britain’s economy unexpectedly shrank by 0.1% month to month in October, after a 0.1% decline in September, according to data from the Office for National Statistics. Asian markets closed mostly lower. Troise and Veiga write for the Associated Press.

Hitachi Rail invests in cutting edge CBTC signalling technology. Train passes through tunnel using digital signalling Hitachi Rail aims to develop a new generation of its CBTC technology, SelTracTM (G9), which will integrate artificial intelligence (AI), 5G communications, edge and cloud computing. The next generation system will offer transit operators worldwide lower costs, minimized carbon footprint and enhanced passenger experience. The investment includes the expansion of Hitachi Rail's workforce in Toronto, Ontario, creating 100 new jobs and retaining 1,000 highly skilled positions in its York Mills office, including R&D and engineering roles. "The over $100 million investment in the next generation of our world-leading SelTracTM technology is hugely exciting - and we are grateful to the Government of Ontario and Invest Ontario for their support,” said Ziad Rizk, Managing Director, Urban Rail Signalling, Hitachi Rail . "By integrating AI, 5G, edge and cloud computing, our system will allow urban rail transportation operators around the globe to improve passenger journeys and operate more efficiently. This Ontario-invented technology is a Canadian success story that is creating jobs and boosting economic growth.” CBTC is a modern urban signalling system that uses wireless communication between trains and infrastructure to operate urban transit and subway systems more efficiently and safely than conventional signalling. SelTracTM, invented in Ontario, is the world's first moving block CBTC signalling system, currently operating in more than 100 lines in 40 major cities around the world including the O-Train in Ottawa. Ontario, home to one of the largest tech clusters in North America, is renowned for its strength in AI, automation and connectivity technologies. The province's expertise in smart mobility, combined with Hitachi Rail's global competence centre, makes Ontario the natural place to develop next-generation digital solutions for urban rail and metros. "As one of the largest and most sought-after tech hubs in North America, Ontario is driving the development of next-generation technologies that will strengthen economic growth across key sectors, including automation and transportation,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade . "Through Invest Ontario, we are proud to support Hitachi Rail's expansion in Toronto and thank them for choosing our province as the ideal place for their continued growth and success.” The company's York Mills office in Toronto serves as its engineering centre of excellence, equipped with state-of-the-art facilities including labs, testing areas, and simulation environments. This expansion adds to Hitachi Rail's growing presence in Canada that includes around 1,200 employees across the country, who are delivering and maintaining major transit projects in Toronto, Vancouver, Montreal and Ottawa. Toronto is home to the company's international urban transit signalling technology business, as well as large program teams based downtown and Mississauga that are delivering major new transit infrastructure, like the Ontario Line and Hurontario. "Under the leadership of Premier Ford, our government is investing $70 billion in the largest transit expansion in North America, connecting millions more Ontarians to reliable and affordable public transit. Today's announcement means Hitachi Rail will be helping even more workers gain the critical expertise needed to deliver Ontario's generational projects,” said Prabmeet Sarkaria, Minister of Transportation . "Hitachi Rail's investment is a testament to Ontario's strengths in future technologies that are transforming industries from manufacturing to transportation. We are excited to support the company in advancing a made-in-Ontario technology that keeps cities around the world on the move,” said Jennifer Block, Interim CEO of Invest Ontario . In support of this investment, Ontario is providing $4.5 million in funding through the Invest Ontario Fund . Contact: Adam Love, Hitachi Rail on +1 (437) 234 4024, [email protected] Notes to the editors: Hitachi Rail invented moving block CBTC technology in 1974 in Toronto with the support of the Ontario government. Since then, it has evolved into the world's leading technology for urban rail and transit systems. The investment in G9 coincides with the 50 th anniversary of the invention of the original technology. We have deployed CBTC technology in Ottawa, Montreal, London, Hong Kong, Doha, New York, Chile, Malaysia, Saudi Arabia, Turkey and the UAE in the past 10 years. About Hitachi Rail Hitachi Rail is committed to driving the sustainable mobility transition and has a clear focus on partnering with customers to rethink mobility. Its mission is to help every passenger, customer and community enjoy the benefits of more connected, seamless and sustainable transport. With revenues of over €7bn and 24,000 employees across more than 50 countries, Hitachi Rail is a trusted partner to the world's best transport organisations. The company's reach is global, but the business is local - with success built on developing local talent and investing in people and communities. Its international capabilities and expertise span every part of the urban, mainline and freight rail ecosystems - from high quality manufacturing and maintenance of rolling stock to secure digital signalling, smart operations and payment systems. Hitachi Rail, famous for Japan's iconic high speed bullet train, draws on the digital and AI expertise of Hitachi Group companies to accelerate innovation and develop new technologies. Hitachi Group is present in 140 countries with over 270,000 employees and global revenues of €54.55bn / ¥8,564 bn. For more information, visit hitachirail.com . A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b33bb2d6-81f0-4e40-9dd0-f3e21c70080e

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One of the most prominent figures from Canada 's trucker protests against COVID-19 restrictions in 2022 has been found guilty on five counts including mischief and disobeying a court order. A judge ruled Friday that Pat King was guilty on one count each of mischief, counseling others to commit mischief and counseling others to obstruct police. He was also found guilty on two counts of disobeying a court order. He could face up to 10 years in prison. Hundreds, sometimes thousands, of protesters clogged the streets of the capital, Ottawa , and besieged Parliament Hill for three weeks in early 2022, demonstrating against vaccine mandates for truckers and other precautions and condemning Prime Minister Justin Trudeau’s Liberal government. Members of the self-styled Freedom Convoy also blockaded U.S.-Canada border crossings in protest. The prosecution alleged King was a protest leader who was instrumental to the disruption in Ottawa. The prosecution alleged King coordinated the repeated bouts of honking, ordering the protesters to lay on the horn every 30 minutes for 10 minutes at a time, and told people to “hold the line” when he was aware that police and the city had asked the truckers to leave. The prosecution's case relied mainly on King’s own videos, which he posted to social media throughout the protest to document the demonstration and communicate with those taking part. King’s lawyers argued that he was peacefully protesting and was not one of the demonstration's leaders. King was found not guilty on three counts of intimidation and one count of obstructing police himself. The truckers' convoy gridlocked downtown streets around Parliament Hill, with area residents complaining about the fumes from diesel engines running non-stop, and unrelenting noise from constant the honking of horns and music from parties. Trudeau's government ultimately invoked the Emergencies Act to try and bring an end to the protests. Ottawa Police brought in hundreds of officers from forces across Canada. The protests were first aimed at a COVID-19 vaccine mandate for cross-border truckers. They eventually encompassed fury over COVID-19 restrictions and dislike of Trudeau, reflecting the spread of disinformation in Canada and simmering populist and right-wing anger. The Freedom Convoy shook Canada’s reputation for civility, inspired convoys in France, New Zealand and the Netherlands and interrupted economic trade. For almost a week the busiest U.S.-Canada border crossing between Windsor, Ontario, and Detroit was blocked. It carries more than 25% of trade between the countries, who are each other's largest trading partners.Freeman has 26 in Bethune-Cookman's 79-67 victory over North Dakota