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casino slot background McConnell to head subcommittee overseeing defense spending as he prepares to step down as GOP leader

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The Kentucky Republican revealed he will assume the chairmanship of the Senate Appropriations Subcommittee on Defense. The role dovetails with his constant message that America needs a bulked-up military to deter threats from adversaries such as Russia, Iran and China. The transition comes as McConnell is ending his role as the longest-serving Senate leader in history, just as Republicans prepare to take majority control of the chamber after big gains in this month's election. Republicans elected South Dakota Sen. John Thune , a top deputy to McConnell, as the next Senate majority leader. McConnell, 82, said Thursday he will assume the subcommittee chairmanship at a critical time. “America’s national security interests face the gravest array of threats since the Second World War," the senator said in a statement. “At this critical moment, a new Senate Republican majority has a responsibility to secure the future of U.S. leadership and primacy.” McConnell frequently evokes Ronald Reagan’s mantra of “peace through strength” when discussing foreign policy risks and how the U.S. should respond. McConnell's stance could clash with President-elect Donald Trump’s “America First” doctrine on foreign affairs. McConnell worked with Trump on a tax cuts package and the appointment of conservative judges — including three justices to the nine-member Supreme Court — during Trump's first term as president. Fighting back against isolationism within his own party, McConnell has championed sending weapons and other aid to Ukraine as it fends off Russia’s invasion. McConnell said Thursday he's also set to become chairman of the Senate Rules Committee, which is often a more low-key panel at the center of big issues, both at the Capitol and in the country. The committee oversees the administration of the Senate side of the building, including during inaugurations. But it also puts McConnnell at the center of weighty topics, namely federal elections and voting rights as well as the procedures of the Senate, including the debate around the filibuster. McConnell said the committee will have important work in the coming two years. “Defending the Senate as an institution and protecting the right to political speech in our elections remain among my longest-standing priorities,” he said. There had been considerable speculation about what roles McConnell would take after stepping down as Republican leader. He has two years left in his current Senate term and has not signaled whether he will run for reelection in Kentucky in 2026. McConnell has been a prolific appropriator for the Bluegrass State, a role he’s well positioned to continue.

Personalized Gifts Market to Grow by USD 14.98 Billion (2024-2028), Driven by New Product Innovations, AI Driving Market Transformation - TechnavioAP Trending SummaryBrief at 5:52 p.m. EST( ) has roared to the top of the charts when it comes to stock performance this year. The shares are heading for an increase of nearly 190% for the top performance in the , the second-best performance in the , and the third-best performance in the . And the reason for such gains is clear: Nvidia has built an empire in one of today's hottest industries. I'm talking about , a market forecast to climb from $200 billion today to $1 trillion by the end of the decade. The giant makes the powerful chips key to the development of AI projects along with a whole portfolio of related products and services. And this has helped revenue climb to record levels. It reached $35 billion in the recent quarter, a higher level than a full year of revenue just two years ago. Considering the company's momentum, should you buy Nvidia before 2025? Evidence is piling up, and it's favouring one particular answer. The creation of CUDA and a shift to artificial intelligence But before we get to that, let's look at Nvidia's story so far. This company wasn't always an AI giant. In their earlier days, Nvidia's graphics processing units (GPUs) powered video games — then, as it became clear their ability to handle many tasks at once would be useful in other areas, Nvidia made this possible. The company launched the parallel computing platform CUDA, and the GPU expanded its reach, soon becoming the star of the AI revolution. In most of Nvidia's recent quarters, the company's earnings have climbed in the triple digits. In the latest quarter, that growth slowed to the double digits — but that's not surprising considering comparison quarters have become quite difficult. For example, in the third quarter of last year, revenue already soared to $18 billion. In the recent third quarter, it advanced 94% from that level. Importantly, this story isn't only about revenue, but it's also about profitability. Nvidia has shown its ability to generate high profit on sales, with a of more than 70%. And the company even predicts these wide margins will continue through the launch of its new Blackwell architecture in the coming weeks and months. This is impressive since product releases come with extra expenses and companies generally aren't at their most cost-efficient levels during the initial stages. Why you may hesitate to buy Nvidia stock now Now let's consider whether you should buy this high-flying stock before the new year. One reason you may hesitate is the fact that, during the launch period, Nvidia's margins may remain strong, but the company still will go through a time of transition. Nvidia said getting the launch just right will weigh somewhat on gross margin, bringing it down to the low-70% range from the mid-70s. This, along with the fact that Nvidia surged in 2024, may prompt investors to turn to other stocks with more potential for explosive right away. That said, even after Nvidia's impressive earnings and share price performance in recent quarters, the company may be in the early days of its growth story. As I mentioned earlier, the entire AI market is set to take off over the coming years. And Nvidia chief Jensen Huang has emphasised many times that over the coming four or five years, about $1 trillion must be spent to upgrade data centres as part of this shift to accelerated computing. Meanwhile, Nvidia's upcoming Blackwell launch along with future chips — that it's pledged to update annually — should help fuel these developments. And that means a whole new era of growth might be just ahead. What the evidence shows Considering this, the evidence that's piling up shows us it's a great idea to get in on Nvidia as soon as possible — to benefit from this new wave of growth that's starting as early as this current quarter. Nvidia predicts it will beat its forecast of several billion dollars of Blackwell revenue in the period. Of course, even a purchase of Nvidia after the new year clearly could deliver rewards down the road. Stock performance over the short term generally won't have much of an impact if you hold on for the long term — and that's the best way to invest. So, you don't absolutely have to rush out and buy Nvidia stock right now to avoid missing out. But, if you happen to be shopping for stocks before the end of 2025, evidence suggests Nvidia is a fantastic one to add to your list.

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