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Stock market today: Wall Street rises as reports raise hopes for perfect landing for the economy

Published Fri, 27 Dec 2024 11:39:45 GMT

NEW YORK (AP) — Wall Street is drifting higher Friday after reports showed a strong job market is giving workers bigger raises, but key parts of the economy still don’t look like they’re overheating. The S&P 500 was 0.5% higher in morning trading, though it’s still on track for its first losing week in the last 10. The Dow Jones Industrial Average was up 92 points, or 0.2%, as of 10:20 a.m. Eastern time, and the Nasdaq composite was 0.5% higher.Treasury yields swung sharply in the bond market following a set of reports on the economy. They initially climbed after the latest monthly jobs report showed U.S. employers unexpectedly accelerated their hiring last month. Average hourly pay for workers also rose, when economists had been forecasting a dip.Such strong numbers are good news for workers, and they should keep the economy humming. That’s a positive for corporate profits, which are one of the main things that set prices for stocks.But Wall Street’s worry is ...

Chinese chess player sues to regain title he lost for drinking and using hotel bathtub as a toilet

Published Fri, 27 Dec 2024 11:39:45 GMT

BEIJING (AP) — A competitor in Chinese chess says he has sued the national association in China for mental distress after he was stripped of a title for drinking alcohol and defecating in the bathtub of his hotel room at a recent competition.Yan Chenglong doesn’t deny what happened but wrote in a civil complaint this week that he drank a moderate amount of beer to celebrate his win with other players and that some food had caused stomach problems and he couldn’t make it to the toilet in time.The complaint came one week after a social media post by the Chinese Xiangqi Association that described the drinking and defecation. It said an investigation had found that Yan damaged hotel property, violated public order and good behavior, and had a negative impact on the tournament.Chinese chess, called xiangqi in Chinese, is a traditional board game that remains popular, particularly among older people. Neighborhood residents play in parks and along sidewalks, often with small cr...

Big cricket rivals India and Pakistan to meet in New York in headline match in men’s T20 World Cup

Published Fri, 27 Dec 2024 11:39:45 GMT

DUBAI, United Arab Emirates (AP) — Fierce cricket rivals India and Pakistan are in the same group for this year’s men’s Twenty20 World Cup and will meet in a marquee match in New York.England and Australia, the other top rivalry in world cricket, were also pitted together when the fixtures were announced Friday for the tournament being held in the Caribbean and the United States from June 1-29.India and Pakistan, who will meet June 9 in a purpose-built 34,000-seat stadium in Nassau County, are in Group A — one of four five-team pools. Two countries will qualify from each group and advance to the Super Eights.The U.S. team is also in Group A and will open the tournament with a match against Canada in Grand Prairie outside Dallas.England will begin its title defense against Scotland in Barbados on June 4 and plays Australia at the same location on June 8.___Group A: India, Pakistan, Ireland, Canada, United StatesGroup B: England, Australia, Namibia, Scotland, OmanGroup C: ...

United wants to build a new flight training center near DIA

Published Fri, 27 Dec 2024 11:39:45 GMT

DENVER (KDVR) -- United Airlines is hoping to build a new flight training center off Pena Boulevard near Denver International Airport, but the project is still in early steps.A pre-application plan was received by the city of Denver on Dec. 22, according to a city spokesperson, but has not been reviewed yet. But if all goes according to United's plans, the campus will be operational by Fall 2027. These were the most on-time US airlines, airports of 2023: report United operates a Flight Training Center in Denver's Central Park, but the campus is bordered by Quebec Street, 35th Avenue, Trenton Street and M.L.K. Jr. Boulevard — this means the campus has little room for growth. United anticipates its existing campus to grow through 2040.The so-called Quebec campus trains about 16,500 pilots annually and functions as the company's primary pilot training facility.Because of the Quebec campus constraints, United purchased 114 acres of property close to Denver International Airport "to fa...

Sumner Tunnel closed due to ‘over height’ tractor-trailer truck

Published Fri, 27 Dec 2024 11:39:45 GMT

Officials say the Sumner Tunnel has been closed to traffic after an “over height” tractor-trailer truck appeared to get wedged on Route 1A.The MassDOT announced the closure just after 11:40 a.m. on Friday, asking drivers to expect delays as crews respond to the southbound side of the roadway.Details on when the tunnel might reopen have not yet been released.This is a developing story; stay with 7NEWS on-air and online for the latest updates.

Boston-area COVID wastewater data spikes: A ‘concerning’ jump in Massachusetts cases as doctors urge people to get vaccinated

Published Fri, 27 Dec 2024 11:39:45 GMT

The early January surge has arrived.As the Boston-area COVID wastewater data continues to spike, there has been a “concerning” jump in COVID cases across Massachusetts, according to doctors who are urging residents to get vaccinated.The COVID wastewater data is the first sign of virus cases in the community, and the wastewater levels are now the highest they’ve been since last January.The south-of-Boston virus wastewater weekly average was up to 2,110 copies per milliliter in its most recent reading, which is double from mid-December and triple from late November.The north-of-Boston average was up to 2,084 copies per milliliter — double from mid-December and four times from late November.While the virus wastewater data goes up, the total number of reported COVID cases has been elevated in Massachusetts.The state Department of Public Health on Thursday reported that there were 5,955 COVID cases during the last week of data, which compares to 2,959 reported weekly ca...

Karen Read case back in court for final day of evidentiary motions

Published Fri, 27 Dec 2024 11:39:45 GMT

It was an unusual day in the case of Karen Read: a more subdued motions hearing as the nearly 2-year-old case moves closer toward trial.“I don’t want to change the trial date for this,” Judge Beverly Cannone said from the Norfolk Superior Court in Dedham Friday. “This case will go to trial March 12th.”The case of Read, a Mansfield woman indicted for the murder of Boston Police Officer John O’Keefe — her boyfriend of two years at the time — in late January 2022, has ignited passionate followers who have treated the proceedings almost like sporting events.Waves of people, most of whom seem to be on the defense’s side, attend every hearing. Most of them stay outside around the courthouse steps with signs calling for Read’s case to be dismissed or blaring defense theory tropes that point toward the culpability at two others for O’Keefe’s death. Other followers pack the courtroom gallery.Another 125 or more people signed on to Zoom to follow the hearing remotely. At one point a man could...

David Soul, the actor who portrayed the blond half of TV’s ‘Starsky and Hutch,’ dies at 80

Published Fri, 27 Dec 2024 11:39:45 GMT

LONDON (AP) — Actor-singer David Soul, a 1970s heartthrob who co-starred as the blond half of the crime-fighting duo “Starsky & Hutch” and topped the music charts with the ballad “Don’t Give Up on Us,” has died at the age of 80.His wife, Helen Snell, said Friday that “David Soul – beloved husband, father, grandfather and brother – died yesterday after a valiant battle for life in the loving company of family.”“He shared many extraordinary gifts in the world as actor, singer, storyteller, creative artist and dear friend,” Snell said in a statement. “His smile, laughter and passion for life will be remembered by the many whose lives he has touched.”Born David Solberg, Soul was a Chicago native whose acting career dated back to the 1960s, when he joined the avant-garde Firehouse Theater in Minnesota. He continued to appear on stage and screen well into the 20th century, but he was best known for hi...

Red Sea attacks to have ripple effect on shippers — and consumers — in Canada

Published Fri, 27 Dec 2024 11:39:45 GMT

MONTREAL — Canadian shippers and consumers could soon be feeling the ripple effect of attacks on cargo vessels in the Red Sea.Shipping companies across the globe are turning away from the key trade corridor after Houthi militants in Yemen stepped up attacks on commercial boats in the region in protest against Israel’s military campaign in the Gaza Strip.Shipping giant Maersk said Friday it plans to continue rerouting all vessels bound for the Suez Canal around Africa’s Cape of Good Hope “for the foreseeable future,” following an earlier pause through the waterway that links Asia and Europe.The route change adds 10 days and hundreds of thousands of dollars in extra fuel and crew costs per trip, resulting in potential price increases for wholesale and retail products.Université Laval business professor Yan Cimon says Europe will feel the impact most directly, but that consumer goods and some manufacturing parts destined for Canada also come via the canal, which...

Man and woman charged in fatal East Danforth shooting

Published Fri, 27 Dec 2024 11:39:45 GMT

A man and a woman have been charged in a homicide investigation after a Keswick, Ont., man was fatally shot in the city’s east end last month.Toronto police responded to reports of gunfire just after 11:30 p.m. on Dec. 22 in the Danforth Avenue and Woodbine Avenue area. It’s alleged that there was an altercation between a group of men, and one man was shot. The victim was rushed to a local hospital, where he later died. The victim has been identified as 45-year-old Adam Palermo of Keswick, Ont.Two suspects were identified by authorities and have been arrested. David Wilfred, 27, of Toronto, has been charged with second-degree murder, while 23-year-old Angelica Cunha of Toronto was charged with accessory after the fact to commit an indictable offence.The accused were expected to appear in court on Friday morning.