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Stock market today: Wall Street rises, and oil and gold slip as some of last week’s moves unwind

Published Mon, 16 Dec 2024 22:06:06 GMT

NEW YORK (AP) — U.S. stocks are rising Monday as some of last week’s moves driven by worries about war in the Middle East unwind.The S&P 500 was 1% higher in morning trading and on track for its best day since the Oct. 7 surprise attack on Israel by Hamas. The Dow Jones Industrial Average was up 294 points, or 0.9%, as of 10:30 a.m. Eastern time, and the Nasdaq composite was 1.2% higher.Treasury yields were climbing after falling last week on worries that fighting in Gaza will escalate. The price of gold also slipped as last week’s flight toward safer investments waned. Oil prices were lower after a volatile week spurred by worries that the war could lead to disruptions to supplies from Iran or other big crude producers.A measure of nervousness among stock investors on Wall Street was on track for its first drop in three days as some investors look toward what’s hoped to be a better reporting season for corporate profits. More than 50 companies in the S&P 500 will tell inves...

2 dead in fiery Mississauga crash, 1 charged with impaired driving

Published Mon, 16 Dec 2024 22:06:06 GMT

Two people are dead, and one man faces charges following a multi-vehicle crash on the QEW in Mississauga this weekend.Ontario Provincial Police (OPP) said the fatal collision happened on the eastbound portion of the highway between Erin Mills Parkway and Mississauga Road just after midnight on Sunday.Sgt. Kerry Schmidt says four vehicles were involved, two of which caught fire.“What we understand at this time is that the QEW in this area was under construction, and the left lane and middle lane were closed, forcing all traffic into the far right lane, causing slowdowns and congestion,” Sgt. Schmidt said.“Another vehicle reportedly coming in at a high rate of speed slammed into the last vehicle in line, causing a multi-vehicle chain reaction pushing the vehicles forward, causing four vehicles to be damaged.”Sgt. Schmidt said the first vehicle hit had two occupants — a 34-year-old man and a 33-year-old woman, both from Hamilton. That car and the first one...

Business gloom deepens as sales moderate, Bank of Canada survey finds

Published Mon, 16 Dec 2024 22:06:06 GMT

OTTAWA — The Bank of Canada says its business outlook survey indicator fell in the third quarter as companies expect sales growth to slow over the coming year.The bank’s business outlook survey report says the indicator was at its lowest level in over a decade, except for a brief period early in the COVID-19 pandemic.The report found the negative effects of rising interest rates are spreading with more businesses thinking higher rates will constrain sales and investment plans.The survey also suggested that inflation expectations among businesses edged down but remained higher than before the pandemic.Meanwhile, the bank’s Canadian survey of consumer expectations suggested consumers’ expectations of inflation remain elevated with the gap between perceptions and actual inflation unusually wide.It says the rising cost of living remains the most pressing concern for consumers.This report by The Canadian Press was first published Oct. 16, 2023.The Canadian Press

Russia’s assault on a key eastern Ukraine city reported to be weakening. The war marks 600 days

Published Mon, 16 Dec 2024 22:06:06 GMT

KYIV, Ukraine (AP) — A dayslong attempt by Russian forces to storm a strategically important city in eastern Ukraine appears to be running out of steam, Kyiv officials said Monday, as the Kremlin’s war entered its 600th day.Ukrainian forces repelled 15 Russian attacks from four directions on Avdiivka over the previous 24 hours, the Ukrainian General Staff said.That compared with up to 60 attacks a day in the middle of last week, according to Vitalii Barabash, head of the city administration. The slackening suggests the Russian effort to capture Avdiivka has “deflated,” Barabash said.A Washington-based think tank broadly concurred with that assessment. “Russian forces continued offensive operations aimed at encircling Avdiivka … but have yet to make further gains amid a likely decreasing tempo of Russian operations in the area,” the Institute for the Study of War said in analysis published late Sunday.Russia’s ambassador to the United Nations, Vassily Nebenzia, told a U.N. Security C...

Amex partners with F1 in 1st new sports sponsorship for payment company in more than a decade

Published Mon, 16 Dec 2024 22:06:06 GMT

LAS VEGAS (AP) — American Express on Monday announced a multi-year partnership with Formula One in the first new sports sponsorship in more than a decade for the global payment company. The deal to become the official payments partner of F1 in the Americas is Amex’s first multi-market sports partnership and spans the global racing series’ stops in Austin, Texas; Mexico City; São Paulo; Las Vegas; Miami and Montreal. American Express will also sponsor F1 Academy. F1 races this weekend at Circuit of the Americas in Austin, in Mexico City the next weekend and then Brazil before the inaugural Las Vegas Grand Prix in November. “The F1 fan base and viewership has grown exponentially over the past several years, so we are thrilled to bring the exclusive access and unique experiences that American Express is known for to our card members and racing fans,” said Elizabeth Rutledge, chief marketing officer for American Express. “The addition of F1 to our global portfoli...

Ford Executive Chair Bill Ford calls on autoworkers to end strike, says company’s future is at stake

Published Mon, 16 Dec 2024 22:06:06 GMT

DETROIT (AP) — Ford Motor Co. Executive Chairman Bill Ford called on autoworkers to come together to end a monthlong strike that he says could cost the company the ability to invest in the future.In a rare speech during contract talks in the company’s hometown of Dearborn, Michigan, Ford said high labor costs could limit the company’s ability to make future investments. “If we lose it, we will lose to the competition. America loses. Many jobs will be lost,” said the great grandson of company founder Henry Ford.The company, he said, builds more vehicles in America and has more United Auto Workers employees than any company as he called for an end to what he said was an acrimonious strike.The company is near an impasse with the United Auto Workers union, which walked out in targeted strikes at all three Detroit automakers on Sept. 15, Last week 8,700 union members walked out at the largest and most profitable Ford plant in the world, the Kentucky Truck Plant in Louisville....

23-year-old pedestrian struck and killed on Hwy. 401 in Oshawa

Published Mon, 16 Dec 2024 22:06:06 GMT

A 23-year-old pedestrian is dead after being struck by a vehicle on Highway 401 in Durham Region on Sunday night.Ontario Provincial Police (OPP) say they received numerous calls for someone standing in the westbound lanes of the highway in Oshawa around 11:30 p.m. By the time the officers arrived the pedestrian had been struck. A 23-year-old man was pronounced dead at the scene.OPP Sgt. Kerry Schmidt says investigators are still trying to determine exactly how the collision occurred.The westbound 401 was closed at Harmony Road for the investigation. The lanes reopened around 6 a.m.Police are asking any witnesses or anyone with additional information to contact them.23-year-old pedestrian stuck and killed in a collision with a vehicle on WB #Hwy401/Harmony Rd in Oshawa. 11:39pm 15 Oct '23. Any witnesses are asked to call #TorontoOPP – 905-668-3388 ^ks pic.twitter.com/mmDSzdNfzf— OPP Highway Safety Division (@OPP_HSD) October 16, 2023

'Super speeder' in Georgia gets ticket with $1.4 million fine amount

Published Mon, 16 Dec 2024 22:06:06 GMT

SAVANNAH, Ga. (WSAV) — A spokesperson for the city of Savannah, Georgia, said local officials are "adjusting" the language of its e-citations after a man thought he was issued a $1.48 million speeding ticket last month.Connor Cato was driving home on Sept. 2 when he was pulled over by Georgia State Patrol for driving 90 in a 55-mph zone. Cato said he knew he was going to get a "super speeder" ticket — a citation reserved for drivers traveling 35 mph (or more) over the speed limit — but he never anticipated the fine printed on his e-citation."'$1.4 million,' the lady told me on the phone," Cato told Nexstar's WSAV. "I said, 'This might be a typo' and she said, 'No sir, you either pay the amount on the ticket or you come to court on Dec. 21 at 1:30 p.m.'" What can happen if you drive too fast on a spare tire? Sneh Patel, a criminal defense attorney who spoke with WSAV, said he was shocked by the amount."I mean, I can't imagine someone would have to pay $1.4 million for not show...

This Florida slang phrase stumped folks from other states and even some Floridians

Published Mon, 16 Dec 2024 22:06:06 GMT

TAMPA, Fla. (WFLA) - Florida is infamous for having some of the craziest events and stories, but one of the strangest things to come from the state might be its slang. While some states around the country have their own variations of strange phrases, like a "tavern" in South Dakota is a sloppy joe, not a bar. In Mississippi, to "carry" doesn't mean having a gun on you; it means driving someone. But this Florida phrase, created in and around the Jacksonville area, seemed to stump respondents on a recent survey that sought to find the "hardest to understand states" by measuring how confused the rest of the country was by the states' phrases. Florida company creates ‘World’s Largest Charcuterie Board,’ shattering Guinness World Record According to a survey conducted by the language learning app Preply, the Sunshine State ranked in the top 20 states with the hardest-to-understand slang with the phrase "jiffy feet."Do you recognize this phrase? If you don't, you're not alone, as 43% o...

KXAN Weather Q&A: How does size factor into how fast hail falls?

Published Mon, 16 Dec 2024 22:06:06 GMT

AUSTIN (KXAN) — Questions pour in constantly for the First Warning Weather Team, as viewers ask about different things happening with the weather in Central Texas and elsewhere. There’s now a new, interactive way to find out answers.Every Monday morning, Meteorologist Rich Segal will comb through his inbox and join anchor Will DuPree for “KXAN Weather: What’s on Your Mind?” to talk through some of the questions submitted that week. KXAN Weather Q&A: Explaining what a ‘hurriquake’ is & more Here’s a list of the questions that will get addressed:From Robert Tycast: Didn't Galileo show that all objects fall at the same rate? So why do larger hail fall faster than smaller ones?Rich answer: The fall speed of hail takes into account the friction between the hail and the air, called the drag effect. It also factors the wind and how much melting occurs. Researchers show, for hail stones less than an inch in diameter, the speed is between 9 and 25 seconds, but for hail stones...