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Stock market today: Wall Street rally fades as investors review upbeat economic, earnings reports

Published Mon, 16 Dec 2024 13:32:23 GMT

NEW YORK (AP) — A rally for stocks fizzled out in afternoon trading Thursday as Wall Street reviewed fatter-than-expected profit reports from big companies and the latest signals that the economy is so far refusing to ditch into a recession.The S&P 500 was 0.1% lower in afternoon trading after earlier touching its highest level in nearly 16 months. The Dow Jones Industrial Average was down 98 points, or 0.3%, at 35,423, as of 2:19 p.m. Eastern time, and on track for a 14th straight gain. The Nasdaq composite, meanwhile, was holding onto a gain of 0.2% following a strong profit report from Meta Platforms.Earnings rose more for Meta, which owns Instagram and WhatsApp in addition to Facebook, than analysts expected after its services attracted additional active members. Meta is one of Wall Street’s most influential stocks because of its massive size, and it rose 5.3%.McDonald’s was helping to offset some losses in the Dow after it easily topped analysts’ forecasts for profits durin...

Travel bug? You can take half-off bus rides across Colorado this summer

Published Mon, 16 Dec 2024 13:32:23 GMT

DENVER (KDVR) — If you want to explore more of Colorado this summer, here's a cheap way to do it — and all you have to do is sit back and enjoy the sights on the way to your destination.Colorado offers bus rides around the state through its Bustang service. And for the months of August and September, most fares will be half-off."During the hot summer months, it is important we find ways to reduce ozone emissions, and making public transportation more accessible is a great way to achieve this," Gov. Jared Polis said in a news release touting the discounts.It's the second year of the initiative. Bustang ridership jumped 77% last year when fares were slashed, according to the Colorado Department of Transportation. These 2 popular Colorado 14ers will reopen Friday It's another initiative in the state's quest to reduce ozone pollution. For the second year, RTD is also offering free rides for the rest of July and through August during its "Zero Fare for Better Air" initiative."Public tr...

Fatal motorcycle crash in Weston leaves 1 dead, another critical; westbound lanes of I-75 closed for air rescue

Published Mon, 16 Dec 2024 13:32:23 GMT

Broward Sheriff Fire Rescue is currently at the scene of a motorcycle crash on I-75 in Weston. The accident occurred on the westbound lanes of I-75 near Indian Trace, heading towards Naples. The collision has resulted in one person’s death at the scene, and a second individual is in critical condition and will be airlifted to the hospital for immediate medical attention. In response to the severity of the situation, all westbound lanes of I-75 have been closed to allow the air rescue chopper to land on the highway.Please check back on WSVN.com and 7News for more details on this developing story.

5 Palm Beach County school employees arrested for alleged failure to report student’s sexual assault

Published Mon, 16 Dec 2024 13:32:23 GMT

(CNN) — Five Florida school system employees were arrested and charged with failure to report suspected child abuse after being made aware of the alleged sexual assault of a 15-year-old student in 2021, according to criminal complaints in the case.The school staffers were identified in court records as Palm Beach Central High School Principal Darren Edgecomb, assistant principals Nereyda Cayado de Garcia and Daniel Snider, choral teacher Scott Houchins and former counselor, Priscilla Carter.They were charged after the girl’s father contacted the Palm Beach County Sheriff’s Office seeking to pursue criminal charges against each of the staff members who, he said, “were aware of the lewd and lascivious molestation,” and “intentionally failed to report the incident to the Department of Children and Families, as mandated by Florida State Statute.”The 15-year-old’s parents had previously chosen not to pursue the prosecution of the alleged abusers “because they did not want the matter...

Wildfires trigger explosions at ammo warehouse in Greece

Published Mon, 16 Dec 2024 13:32:23 GMT

ATHENS — Wildfires ravaging central Greece spread to a military warehouse just miles from a major air base Thursday afternoon, igniting ammunition and setting off huge explosions.After the blasts, authorities evacuated residents and tourists by land and sea from nearby towns and beaches. No injuries have been reported.The ammunition warehouse is about 6 kilometers from a major military air base in Nea Anchialos. The Greek air force said the area surrounding the warehouse was evacuated before the wildfires encroached. The fire service also left the area before the wildfire got too close for safety reasons. The base is some 20 kilometers from the city of Volos, where people say they heard the blasts. Windows were shattered and houses damaged, although the extent of the damage is not yet clear, according to Greek authorities. Part of Greece’s busiest highway, near the city of Volos, was closed for several hours.“Superhuman efforts were made to contain the fire by the heavily depl...

Tornado reported in southern NH as storms move through part of New England 

Published Mon, 16 Dec 2024 13:32:23 GMT

A trained spotter reported a tornado in progress in part of southern New Hampshire Thursday as storms began moving through the region. Storms, which are expected to continue sweeping across part of New England for several hours had already prompted severe thunderstorm warnings and watches and one tornado warning as of around 3:30 p.m. The tornado warning, issued around 2:45 p.m., included communities in the area around Keene, New Hampshire. In an update, officials with the National Weather Service said a spotter on the south side of Keene around 2:54 p.m. saw a funnel cloud getting to the ground and beginning to throw debris into the air. Moments later, at 3:03 p.m. doppler radar registered possible debris in the air in the same area.While the storm that triggered the Keene-area tornado had wound down as of around 3:30 p.m., a severe thunderstorm watch is scheduled to remain in place for much of southern New England through 8 p.m. Storms in New England had already tri...

MBTA: Shuttle buses to replace Orange Line service between Oak Grove and Wellington due to disabled train

Published Mon, 16 Dec 2024 13:32:23 GMT

Some Orange Line passengers are being diverted onto shuttle buses after MBTA officials say a train broke down at Malden Center Thursday afternoon.The transportation authority said buses would replace service between Oak Grove and Wellington stations after first announcing the disabled train just after 3:20 p.m.“Passengers at Oak Grove can take the Rt 131 and 137 buses to Malden Center and connect to Rt 97 buses at Wellington to get back on the Orange Line,” the MBTA posted on its Twitter account. “Inbound Passengers at Oak Grove and Malden Center can take Commuter Rail service to North Station.”Officials have not yet said when train service might be expected to return.This is a developing story; stay with 7NEWS on-air and online for the latest updates.https://twitter.com/MBTA/status/1684647297446027264

FBI: Swansea man arrested, faces charges in connection to Jan. 6 capital riots

Published Mon, 16 Dec 2024 13:32:23 GMT

A Swansea man was arrested Thursday on multiple charges related to the Jan. 6 US Capitol riot, the U.S. Attorney’s Office announced.Michael St. Pierre, 46, was arrested in Fall River and faces a felony charge of civil disorder and several misdemeanor offenses. The FBI’s Boston division tweeted that St. Pierre is the 29th person to be arrested in the area related to the Jan.6 riot.According to court documents, St. Pierre was seen on video throwing objects through doors of the building and verbally encouraged other rioters, saying the Capitol is “where the meeting ground is. Hopefully, they’ll bust through, and I’ll join them to rush the Capitol, to grab Nancy Pelosi by the hair.”The misdemeanor charges include destruction of government property, knowingly entering or remaining in any restricted building or grounds without lawful authority, disorderly and disruptive conduct in a restricted building or grounds, engaging in physical violence in a restricted building or grounds and commi...

Hundreds laid off in Bud Light fallout

Published Mon, 16 Dec 2024 13:32:23 GMT

NEW YORK — Anheuser-Busch, the maker of Bud Light, confirmed this week is laying off hundreds of positions across its U.S. corporate staff.In a statement, the beer maker said the layoffs will impact less than 2% of its workforce. Anheuser-Busch’s website says the company employs 19,000 employees nationwide. Warehouse staff, drivers and other frontline employees will not be affected, the company said.The job cuts arrive during a rocky time for Anheuser-Busch, which has seen a months-long sales decline for Bud Light since April when conservative critics vowed to boycott the brand after the brewer sent a commemorative can to transgender influencer Dylan Mulvaney.Bud Light has also faced backlash from Mulvaney’s supporters and LGBTQ+ rights groups, who say the brand didn’t do enough to support her.Mulvaney later shared that she felt abandoned by Bud Light, and faced “more bullying and transphobia than I could have ever imagined” over the partnership.Bud Lig...

Red Sox notebook: As trade deadline approaches, Chaim Bloom expects to stay true to principles

Published Mon, 16 Dec 2024 13:32:23 GMT

Should the Red Sox buy or sell at next week’s trade deadline? For chief baseball officer Chaim Bloom it’s not quite that simple.After three years spent building up the club’s organizational depth, the present and future are finally beginning to converge. Despite several key injuries, the Red Sox are an MLB-best 15-5 in their last 20 games, and the club’s recent fortunes have largely been fueled by an emerging core of young standouts who could serve as the foundation of a contending club for the rest of the decade.That being said, the Red Sox are still below the playoff cutline, fourth in their division and 1.5 games back of the Toronto Blue Jays in the American League Wild Card race. Even at full strength it’s not certain this year’s group is ready for primetime, at least not yet.That leaves Bloom in a tricky place. Can he reinforce his club, which has sent a clear message it deserves a chance to compete for a World Series title, without mortgagin...