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Stock market today: Wall Street inches lower hinting that sustained market sell-off may continue

Published Fri, 27 Dec 2024 07:24:40 GMT

Wall Street inched lower early Monday following last week’s rout, the market’s worst stretch in six months. Futures for the S&P 500 were off 0.3% and futures for the Dow Jones industrials ticked down 0.2% before the bell.Worries over China’s property sector, a U.S. government shutdown and the continued strike by American autoworkers were weighing on markets. Media and entertainment companies got a small boost from news that a tentative agreement was reached Sunday to end a historic screenwriters strike after nearly five months. No deal is yet in the works for striking actors.Shares in Warner Bros. Discovery, Paramount, Disney and Netflix all rose about 2% or less.Amazon announced Monday that it is investing up to $4 billion in Anthropic and taking a minority stake in the artificial intelligence startup. It’s the latest Big Tech company to pour money into AI as they race to capitalize on the opportunities that the latest generation of the technology is set to fu...

Unifor says Ford ratification sets pattern for auto talks

Published Fri, 27 Dec 2024 07:24:40 GMT

TORONTO — Unifor says the pattern has been set with the ratification by workers of a new contract at Ford Motor Co. of Canada.The union says it will now choose either General Motors or Stellantis as the next target company in its contract talks with the big U.S. auto companies.The Ford deal is expected to serve as a blueprint for those negotiations.Unifor announced Sunday that workers voted 54 per cent in favour of the new three-year collective agreement at Ford.The deal includes wage hikes, pension and benefit improvements and special EV transition measures for workers at Ford’s assembly plant in Oakville, Ont.It also adds two new paid holidays.This report by The Canadian Press was first published Sept. 25, 2023.The Canadian Press

A Molotov cocktail is thrown at the Cuban Embassy in Washington, but there are no injuries

Published Fri, 27 Dec 2024 07:24:40 GMT

WASHINGTON (AP) — At least one Molotov cocktail was thrown at the Cuban Embassy in Washington, but there was no significant damage and no one was injured. U.S. law enforcement officials were investigating.Secret Service officers were called around 8 p.m. Sunday to respond to the attack on a busy street in the Adams-Morgan section of the city. Embassy officials reported that someone had thrown a “possible incendiary device” at the building, Secret Service spokesman Anthony Guglielmi said on Monday. There was no fire or significant damage to the building, he said. No arrests had been made. Cuban Foreign Minister Bruno Rodriguez said on X, formerly called Twitter, that the Cuban Embassy “was the target of a terrorist attack by an individual who threw 2 Molotov cocktails.” He said no one was injured. A spokesman for the Cuban Embassy did not immediately respond to a request for additional information on Monday.In 2020, a Cuban man who sought asylum in the U.S. opened fire with an AK-47 ...

A former UK nurse will be retried on a charge that she tried to murder a baby girl at a hospital

Published Fri, 27 Dec 2024 07:24:40 GMT

LONDON (AP) — A former neonatal nurse who was sentenced to life in prison for the murder of seven babies in her care and trying to kill six others at a U.K. hospital will face a retrial on a charge of attempting to murder a newborn baby girl, prosecutors said Monday. Lucy Letby, 33, was sentenced last month to life behind bars with no chance of release after a jury convicted her of murdering seven babies in the neonatal unit at the Countess of Chester Hospital in northwest England between 2015 and 2016. She was also convicted of trying to murder six other infants.However, the jury of seven women and four men in her 10-month trial was not able to reach verdicts on six counts of attempted murder in relation to five other newborns. Letby had faced two counts of attempted murder against one of the newborns.The Crown Prosecution Service said Monday it wanted to pursue a retrial on one of those outstanding charges, which involved a baby girl known only as Child K in February 2016. Letby a...

Air Canada buying 18 Boeing 787-10 Dreamliner aircraft

Published Fri, 27 Dec 2024 07:24:40 GMT

MONTREAL — Air Canada says it has placed a firm order for 18 Boeing 787-10 Dreamliner aircraft that will be used to replace older, less efficient wide-body aircraft in its fleet.The agreement also includes options for an additional 12 Boeing 787-10 aircraft.The airline says it expects to start receiving the new aircraft in the fourth quarter of 2025 with the last one scheduled for delivery in the first quarter of 2027. The order announced today substitutes an earlier deal for two Boeing 777 freighter aircraft.Air Canada says the 787-10 is the largest model of the Dreamliner family and can carry more than 330 passengers depending on the seat configuration.It also has 175 cubic meters of cargo volume. This report by The Canadian Press was first published Sept. 25, 2023.Companies in this story: (TSX:AC)The Canadian Press

What is Nakhchivan? And after Nagorno-Karabakh, is this the next crisis for Azerbaijan and Armenia

Published Fri, 27 Dec 2024 07:24:40 GMT

TALLINN, Estonia (AP) — After Azerbaijan’s military offensive regained full control of the breakaway Nagorno-Karabakh region, another dispute is looming on the horizon with Armenia: the territory of Nakhchivan.Like Nagorno-Karabakh, where the Armenian population felt cut off from the country of Armenia, Nakhchivan is territorially separated from the rest of Azerbaijan.It accounts for about 6% of Azerbaijan’s territory, with a swath of Armenia about 40 kilometers (25 miles) wide between the exclave and Azerbaijan. It also borders Azerbaijan’s close ally Turkey and Iran. It’s population is about 460,000 people, overwhelmingly Azeris but also some ethnic Russians. The two territories share several parallels but also differences. During Soviet times, Nakhchivan was connected with Azerbaijan by road and rail but those links fell out of use as Azerbaijan and Armenia went to war in the 1990s over Nagorno-Karabakh, though air links remained.Then in 2020, an armistice...

UN rights experts decry war crimes by Russia in Ukraine and look into genocide allegations

Published Fri, 27 Dec 2024 07:24:40 GMT

GENEVA (AP) — Independent U.N.-backed human rights experts said Monday they have turned up continued evidence of war crimes committed by Russian forces in their war against Ukraine, including torture — some of it with such “brutality” that it led to death — and rape of women aged up to 83 years old. Members of the U.N. Independent Commission of Inquiry on Ukraine also expressed concerns about allegations of genocide by Russian forces, and said they’re looking into them. The team said its evidence showed crimes committed on both sides, but vastly more — and a wider array — of abuses were committed by Russian forces than by Ukrainian troops. The commission delivered its latest findings in an oral update to the Human Rights Council, laying out its observations about unlawful attacks with explosive weapons, sexual and gender-based violence, and other crimes in the war, which entered its 20th month on Sunday. “The commission is concerned by the continued evidence of war crimes comm...

Russian strikes in Ukraine’s city of Odesa damage port, grain silo and an abandoned hotel

Published Fri, 27 Dec 2024 07:24:40 GMT

KYIV, Ukraine (AP) — A Russian drone and missile strike near Odesa damaged infrastructure, a grain silo and an abandoned hotel and injured one person in the Black Sea port city as attacks elsewhere in Ukraine killed five civilians and wounded 13 in the past day, Ukrainian officials said Monday.Ukraine’s air force reported downing all Russian drones launched overnight, but one of 12 Kalibr missiles and two P-800 Oniks cruise missiles apparently made it past air defenses the day after the war in Ukraine entered its 20th month.Russia has continuously targeted port and grain storage facilities in Odesa since pulling out of a wartime deal that allowed Ukrainian grain exports to countries facing the threat of hunger. The attacks have destroyed silos, warehouses, oil terminals and other infrastructure critical for storage and shipping.The Russian Defense Ministry said long-range missiles and drones were used to strike facilities that it alleged had housed foreign mercenaries and trai...

What’s behind Canada’s surge of car thefts?

Published Fri, 27 Dec 2024 07:24:40 GMT

In today’s The Big Story podcast, the number of car thefts across Canada has been climbing for years, and last year they reached a high not seen since the old days of manual hot-wiring. This year figures to be even worse, as a perfect storm of factors make modern cars vulnerable, movable and highly sought after by organized thieves.Bryan Gast is vice president of investigative services at the Équité Association. He says automakers are falling behind in terms of protecting their cars from newer methods of theft. “Currently the standards are very outdated, to the point where these vehicles aren’t protected against these types of attacks,” says Gast.How does a modern car-theft work, anyway? What’s the best way to stop this wave, on both an individual and regulatory level? And just where do all those stolen cars wind up, anyway?You can subscribe to The Big Story podcast on Apple Podcasts, Google and Spotify.You can also find it at thebigstorypodcast.ca.

Cubs' postseason fate is in their hands in final week

Published Fri, 27 Dec 2024 07:24:40 GMT

CHICAGO — As the final week of the season arrives, the Cubs are in the position they'd hope to be in when the 2023 season began. With six games remaining, they control their playoff fate, but they've got a lot of work to do to lock up a playoff bid over the next seven days.(Photo by Nuccio DiNuzzo/Getty Images)Thanks to a three-game sweep of the Rockies, the Cubs are now 82-74 on the season.That puts them in the last playoff spot in the National League Wild Card race, sitting a full game ahead of the Marlins and 2 1/2 games ahead of the Reds with six games to play.To just make the postseason, the Cubs' "Magic Number" currently sits at six, but they still have a shot to move up one more spot. At the moment, they sit a half-game behind the Diamondbacks for the second spot as Arizona has seven games remaining in their season. Sammy Sosa’s chase for MLB’s home run record 25 years later One thing to consider, however, is that the Cubs don't hold the tiebreaker against the Diamondbacks...