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Federal Reserve’s favored inflation gauge tumbles in November as prices continue to ease

Published Mon, 25 Nov 2024 04:19:02 GMT

By PAUL WISEMAN (AP Economics Writer)WASHINGTON (AP) — The Federal Reserve’s preferred measure of inflation fell last month in another sign that price pressures easing in the face of the central bank’s interest rate hikes.Friday’s report from the Commerce Department showed that U.S. consumer prices slid 0.1% last month from October and rose 2.6% from November 2022. The month-over-month drop was the largest since April 2020 when the economy was reeling from the COVID-19 pandemic. Excluding volatile food and energy prices, so-called core inflation last month rose 0.1% from October and 3.2% from a year earlier. All the numbers show somewhat more progress against inflation than economists had expected. Inflation is steadily moving down to the Fed’s year-over-year target of 2% and appears to be setting the stage for Fed rate cuts in 2024.After nearly two years of Fed rate hikes — 11 since March 2022 — inflation has come down from the four-decade ...

Bicyclist killed in City Heights shooting

Published Mon, 25 Nov 2024 04:19:02 GMT

SAN DIEGO -- A man was killed in an apparent drive-by shooting in City Heights Thursday night, San Diego police said.Around 7:47 p.m., two SDPD officers assigned to the Mid-City Division were driving in the 4900 block of El Cajon Boulevard when they witnessed gunshots ring out from the passenger side of a dark colored SUV before speeding away.The officers reported seeing the victim, who appeared to have been a bicyclist on westbound El Cajon Boulevard, down in the street with at least one wound to his upper torso. According to SDPD, the two immediately stopping to render aid. Man stuck under concrete on side of cliff in Ocean Beach Paramedics transported the victim, identified as a man in his 20s or 30s, to a nearby hospital for treatment. He later succumbed to his wounds and was pronounced dead by hospital staff.SDPD's Homicide Unit was called to the scene to investigate. According to the department, preliminary findings indicate that there was some sort of interaction or argumen...

Greece says 81 people were rescued from a stranded ship along an illegal migration route to Italy

Published Mon, 25 Nov 2024 04:19:02 GMT

ATHENS, Greece (AP) — Authorities in southern Greece have rescued 81 people stranded on a ship south of the mainland, on a route frequently used to take migrants illegally to Italy, local officials said Friday.Municipal officials in the southern Greek port of Kalamata said the city had provided a temporary shelter for the people rescued, who identified themselves as coming from Egypt, Pakistan and Syria.The rescue operation occurred just south of Greece’s search and rescue area, authorities said, without providing other details.In June, a fishing trawler traveling on the same route sank, killing hundreds of migrants. The coast guard rescued 104 people and recovered 82 bodies while hundreds of others crammed inside the vessel were never found. ___Follow AP’s migration coverage at https://apnews.com/hub/migration.The Associated Press

The Dutch government has taken another step toward donating 18 F-16 fighter jets to Ukraine

Published Mon, 25 Nov 2024 04:19:02 GMT

THE HAGUE, Netherlands (AP) — The Dutch government announced Friday it is preparing to give 18 F-16 fighter jets to Ukraine, in a boost for the embattled nation that is growing increasingly anxious about aid from its Western allies.The Dutch defense minister, Kajsa Ollongren, sent a letter to parliament outlining the plan to donate the sophisticated jets that was first unveiled in the summer.Friday’s decision is a significant step toward sending the planes into the skies over Ukraine, but did not say when they will be delivered.The government said the move “allows personnel and budget to be allocated to prepare the devices” to be sent to Ukraine. “With F-16s, Ukraine can better defend itself against Russian attacks,” Ollongren said in a statement. She added that the planes are “extremely important because the ongoing Russian aggression shows no sign of ending. That is why we are continuing unabated with our support for Ukraine.”Ukrainian President Volodymyr Zelenskyy visited a...

Man found sleeping behind wheel on Toronto road arrested for impaired driving

Published Mon, 25 Nov 2024 04:19:02 GMT

Provincial police are reminding people not to drink and drive over the holiday season after a driver was found sleeping behind the wheel in the middle of a Toronto road.In a post on X, Ontario Provincial Police (OPP) say officers found a man sleeping in an SUV on Keele Street near Highway 401.A photo from OPP shows two police vehicles boxing in the SUV in a live lane of the roadway.Police say the driver was arrested and charged with impaired driving after he was found to have double the legal limit of alcohol.#TorontoOPP located a male sleeping behind the wheel on Keele Street near #Hwy401 in #Toronto. Male arrested for Impaired Operation. Blood Alcohol Concentration more than twice the legal limit. Charged with #ImpairedOperation #Over80 #Dontdrinkanddrive ^yb pic.twitter.com/losZL5MJTX— OPP Highway Safety Division (@OPP_HSD) December 22, 2023

GDP unchanged for third straight month in October: Statistics Canada

Published Mon, 25 Nov 2024 04:19:02 GMT

OTTAWA — Statistics Canada says the economy remained flat in October for the third straight month as services-producing industries edged 0.1 per cent higher, while goods-producing industries were unchanged.It also forecasts that real gross domestic product for November increased 0.1 per cent, with estimated gains in manufacturing, transportation and warehousing, and agriculture, forestry, fishing and hunting partially offset by decreases in retail trade.StatCan says that for October, the manufacturing sector declined 0.6 per cent and wholesale trade contracted 0.7 per cent, while retail trade grew 1.2 per cent and mining, quarrying and oil and gas extraction saw a one per cent gain.It says the transportation and warehousing sector declined 0.2 per cent in October as the St. Lawrence Seaway strike decreased activity in some transportation subsectors.That included a 3.7 per cent contraction in water transportation, which was down for the first time since the B.C. port strike in July, ...

19-year-old critical after car hits light pole on Southwest Side

Published Mon, 25 Nov 2024 04:19:02 GMT

CHICAGO — A 19-year-old woman is in critical condition following a crash Thursday on the Southwest Side.Authorities responded to the 2700 block of South Western just after 10 p.m. on the report of a crash.A Honda sedan, driven by a 20-year-old man, swerved into traffic and struck a light pole. A 19-year-old woman, who was a passenger, was transported to Mt. Sinai in critical condition.The driver and three other passengers refused care on the scene.

USDA issues permit for Santa's reindeer to *legally* enter the US

Published Mon, 25 Nov 2024 04:19:02 GMT

(WPHL) - Christmas is nearly here and children everywhere are getting excited for Santa Claus and his reindeer to make their way across the country to deliver presents. Luckily for Mr. Claus, he will have no issues flying into the U.S. this Christmas. The U.S. Department of Agriculture’s (USDA) Animal and Plant Health Inspection Service (APHIS) has issued a transit permit to Mr. Claus to allow his reindeer to enter and exit the United States between the hours of 6 p.m. on December 24, 2023, and 6 a.m. on December 25, 2023, the department wrote in a news release issued Thursday."USDA is delighted to grant Mr. Claus and his reindeer a special permit to enter the United States, ensuring a seamless journey for the joy they bring each holiday season," said Jenny Lester Moffitt, Under Secretary for Marketing and Regulatory Programs. "We extend a warm welcome to Mr. Claus and recognize the vital role of U.S. milk and cookies in fueling his festive flight." What is the Festivus, the holid...

Pornhub owner to pay $1.8M and accept independent monitor to resolve sex trafficking-related charge

Published Mon, 25 Nov 2024 04:19:02 GMT

NEW YORK (AP) — The owner of Pornhub, one of the world’s largest adult content websites, has admitted to profiting from sex trafficking and agreed to make payments to women whose videos were posted without their consent, federal prosecutors in New York announced Thursday.Aylo Holdings, the website’s parent company, reached a deferred prosecution agreement to resolve a charge of engaging in unlawful monetary transactions involving sex trafficking proceeds, according to the office of Breon Peace, U.S. Attorney for the Eastern District of New York.The deal calls for the Montreal-based company to pay more than $1.8 million to the U.S. government, as well as make separate payments to the individual women harmed by the trafficking. It also requires appointment of an independent monitor for three years, after which the charges will be dismissed.“It is our hope that this resolution, which includes certain agreed payments to the women whose images were posted on the company’s platf...

Dodgers sign Japanese star Yoshinobu Yamamoto to historic contract, according to reports

Published Mon, 25 Nov 2024 04:19:02 GMT

LOS ANGELES (AP) — Prized free-agent pitcher Yoshinobu Yamamoto and the Los Angeles Dodgers have agreed to a $325 million, 12-year contract, according to multiple reports.Yamamoto is set to join Japanese countryman Shohei Ohtani with the Dodgers, who signed the two-way superstar to a record $700 million, 10-year deal last week.The Dodgers did not confirm the agreement with Yamamoto on Thursday night. MLB.com and ESPN were among the outlets citing anonymous sources in reporting the deal.The New York Yankees and New York Mets were among the many clubs that pursued Yamamoto. Nearly 70% of MLB players polled choose same city for possible expansion team It's the third major pitching coup for the NL West champion Dodgers this offseason. In addition to Ohtani, the team signed right-hander Tyler Glasnow to a $136.5 million, five-year contract after he was traded from the Tampa Bay Rays to Los Angeles.Ohtani made a video pitch to Glasnow to join him in Hollywood.“It was important to Shohei...