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Steamy and stormy start to DC region’s workweek

Published Tue, 17 Dec 2024 00:56:24 GMT

The Monday afternoon commute in the D.C. area could be clouded over with heavy rain, thunderstorms and possibly even an isolated tornado. Here’s what you need to know about the forecast.Be on the lookout for severe weather watches and warnings Monday afternoon as an approaching front is making for a “slight risk” of thunderstorms, according to the National Weather Service.“We could see some pockets of heavy rain also thunder lightening, damaging winds and hail,” said 7News First Alert Meteorologist Eileen Whelan.Isolated flooding is also possible, particularly in Western Maryland, said 7News First Alert Chief Meteorologist Veronica Johnson.The chance for rain or storms ramps up at around 3 p.m., Whelan said.Storms that include tornado risk are expected from 4 p.m. to 7 p.m., Johnson said.The rain is expected to last overnight but the risk of severe weather should fade by midnight. Johnson said not all parts of the D.C. region will be impacted by the sto...

Ford lures Apple executive to run new unit that will sell software subscription services

Published Tue, 17 Dec 2024 00:56:24 GMT

DETROIT (AP) — Ford-Apple ExecutiveFord has hired away a key Apple executive to run a new business unit that will sell software-related subscription services to vehicle owners.The Dearborn, Michigan, automaker said Monday it hired Peter Stern, who was Apple’s vice president of services. He’ll run Ford Integrated Services, a unit that will combine software and hardware into services.At Apple, Stern oversaw Apple TV plus, iCloud storage, Apple Books, the arcade and fitness operations and other businesses, Ford said in a statement Monday. Stern started Monday and reports directly to CEO Jim Farley. Stern also will expand Ford’s BlueCruise hands-free partially automated driving system, as well as productivity and safety and security services, the statement said. Source

Stock market today: Wall Street slips ahead of a big week in retail, US Steel soars

Published Tue, 17 Dec 2024 00:56:24 GMT

NEW YORK (AP) — Wall Street is slipping in early trading ahead of a week of reports showing how strong U.S. shoppers remain, amid hopes their spending can keep the economy out of a recession. The S&P 500 was 0.2% lower in the early going Monday, the latest step back in August’s lull following what had been a gangbusters year so far. The Dow edged down 25 points and the Nasdaq composite was off 0.4%. U.S. Steel jumped 25% after saying over the weekend that it rejected a buyout offer from Cleveland-Cliffs and that it’s heard multiple offers. Trading was relatively quiet otherwise. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.Wall Street inched toward small gains before the opening bell ahead of a raft of data this week that may provide more insight into the health of U.S. retailers.Futures for the S&P 500 and the Dow Jones Industrial Average ticked up a little more than 0.1% Monday. The government on Tuesday will release its retail sales report for July, wh...

Federal student loan pause ends next month, some borrowers expect budgets to take a major hit

Published Tue, 17 Dec 2024 00:56:24 GMT

Interest on those federal student loans picks back up next month and payments will be due in October, marking the end of a more than three-year pause on payments.The unprecedented suspension provided relief for millions of borrowers faced with the financial fallout of the pandemic. Now, the transition to repayment is highlighting the financial hardships many borrowers face.A recent survey by Credit Karma showed about 45% of borrowers expect to go delinquent on their student loan payments once forbearance ends. About 53% said they struggle to pay other bills, including mortgages, credit cards and car loans.When repayment starts, households with incomes under $50,000 report that they will have to choose between student loans and other expenses like groceries and rent. Another 75% of borrowers said they are also responsible for providing for families and will face tough financial choices once payments resume.For those borrowers who have managed to find financial security since payments...

Big Rock: Q2 Earnings Snapshot

Published Tue, 17 Dec 2024 00:56:24 GMT

CALGARY, Alberta (AP) — CALGARY, Alberta (AP) — Big Rock Brewery Inc. (BRBMF) on Monday reported a loss of $253,000 in its second quarter.The Calgary, Alberta-based company said it had a loss of 4 cents per share.The craft beer maker posted revenue of $9.5 million in the period.The company’s shares closed at $1.21. A year ago, they were trading at $2.42._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BRBMF at https://www.zacks.com/ap/BRBMFSource

Atlanta’s Ronald Acuña Jr. is approaching a new power-and-speed frontier – the 30-60 club

Published Tue, 17 Dec 2024 00:56:24 GMT

Ronald Acuña Jr. is on pace to create an entirely new club for baseball’s top power-and-speed threats.Acuña stole his 55th base Sunday night in Atlanta’s 7-6 loss to the New York Mets. The star outfielder also has 26 home runs. No player has ever reached 30 homers and 60 steals in the same season.Rickey Henderson came close to starting the 30-60 club. He had 28 homers and 87 steals in 1986 with the New York Yankees, then 28 homers and 65 steals when he won MVP honors with Oakland in 1990.Two players are in the 30-50 club: Eric Davis had 37 homers and 50 steals in 1987 and Barry Bonds had 33 homers and 52 steals in 1990, when he won his first of seven MVPs. Davis also had 27 homers and 80 steals in 1986, joining Henderson as the only members of the 20-80 club.If Acuña can finish strong and reach 40 homers, that would open another frontier. Nobody has ever had 40 homers and 50 steals in a season. There have been four 40-40 players: Jose Canseco in 1988, Bonds in 1996, Alex...

SouthGobi Resources: Q2 Earnings Snapshot

Published Tue, 17 Dec 2024 00:56:24 GMT

VANCOUVER, British Columbia (AP) — VANCOUVER, British Columbia (AP) — SouthGobi Resources Ltd. (SGQRF) on Monday reported a loss of $60.6 million in its second quarter.The Vancouver, British Columbia-based company said it had a loss of 21 cents per share.The coal mining company posted revenue of $83.2 million in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SGQRF at https://www.zacks.com/ap/SGQRFSource

4 in 10 Gen Z remote workers have taken a ‘hush trip’

Published Tue, 17 Dec 2024 00:56:24 GMT

A ‘hush trip’ has emerged as one of the employee abuses made possible by remote and hybrid work, and in a ResumeBuilder survey of Gen Z workers under age 27, a surprisingly large share admit to having done it.A hush trip is working from a vacation destination without telling their manager they are on vacation, and sometimes working very little when they go.The survey found 41% of the 900 or so Gen Z office, remote or hybrid workers responding had taken such a trip, and many have taken those trips to an extremely deceptive level.“Fifty-seven percent of those who have taken one of those hush trips made it look like they were working,” said Stacie Haller, chief career advisor at Resume Builder. “So they might take a Zoom call and make the virtual background their home office.”Why try to deceive an employer with unauthorized time off?“Half of them told us they were taking it because their vacation wasn’t approved, 20% were taking it because they didn’t want...

Sunworks: Q2 Earnings Snapshot

Published Tue, 17 Dec 2024 00:56:24 GMT

PROVO, Utah (AP) — PROVO, Utah (AP) — Sunworks, Inc. (SUNW) on Monday reported a loss of $12.7 million in its second quarter.The Provo, Utah-based company said it had a loss of 34 cents per share.The company posted revenue of $34.6 million in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SUNW at https://www.zacks.com/ap/SUNWSource

Reading International: Q2 Earnings Snapshot

Published Tue, 17 Dec 2024 00:56:24 GMT

NEW YORK (AP) — NEW YORK (AP) — Reading International Inc. (RDI) on Monday reported a loss of $2.8 million in its second quarter.The New York-based company said it had a loss of 12 cents per share.The movie theater owner posted revenue of $65.1 million in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RDI at https://www.zacks.com/ap/RDISource