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Stock market today: Wall Street falls, and its big rally loses some more momentum

Published Fri, 27 Dec 2024 22:59:57 GMT

TOKYO — Stocks are falling, as Wall Street loses some more momentum following its torrid run so far this year. The S&P 500 was 0.7% lower Wednesday, on track for a second straight losing day after hitting a 16-month high. The Dow was down 125 points, or 0.4%, and the Nasdaq composite was 1.1% lower shortly after the open of trading. Yields were mixed in the bond market after Fitch Ratings cut the credit rating of the U.S. government. The downgrade strikes at the core of the global financial system, but the market’s reaction has so far been more muted than after a similar downgrade in 2011.THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.Wall Street was poised to open lower Wednesday after the United States government’s credit rating was cut for just the second time in history.Futures for the Dow Jones industrials slipped 0.3% before the bell and futures for the S&P 500 tumbled 0.5%.Investor optimism was hurt by Fitch Ratings downgrading the U.S. government’s ...

Motorcyclist dead following two-vehicle crash in Pickering

Published Fri, 27 Dec 2024 22:59:57 GMT

A 30-year-old man is dead after his motorcycle and another vehicle collided in Pickering.Durham Regional Police officers were called to the intersection of Taunton Road and Sapphire Drive around 9 p.m. on Tuesday.Police say the motorcyclist was riding east on Taunton when a the driver of a Nissan travelling west tried to make a left turn and headed southbound into the path of the motorcycle.The motorcyclist, from Whitby, was pronounced dead at the scene.The driver of the vehicle remained at the scene.

Turkish broadcasting watchdog investigates ‘cancellation’ of Ataturk TV series

Published Fri, 27 Dec 2024 22:59:57 GMT

ISTANBUL (AP) — Turkey’s broadcasting watchdog has launched an investigation into claims that streaming service Disney + pulled a series on the country’s founder Mustafa Kemal Ataturk, the group’s chairman said.Local media reports said Armenian Americans had lobbied for the show to be canceled on the grounds that Ataturk, as an officer in the Ottoman army, was tied to the mass killing of Armenians in 1915.The Radio and Television Supreme Board decided to initiate an investigation “based on the public information” that Disney+ decided not to broadcast the series, board chairman Ebubekir Sahin said on social media late Tuesday.Ataturk, who led the Turkish independence struggle in the years following World War I and went on to become the country’s first president, is a much-venerated figure in Turkey, where insulting his memory is a criminal offense.Disney+ announced last month that the Ataturk series would be aired “on the 100th anniversary” of the Turkish Republic, ...

Jury resumes deliberations over death penalty or life in prison for Pittsburgh synagogue shooter

Published Fri, 27 Dec 2024 22:59:57 GMT

PITTSBURGH (AP) — A jury resumed deliberations Wednesday over the sentence for a gunman who killed 11 worshippers at a Pittsburgh synagogue, weighing the death penalty or life in prison without parole.Jurors got the case Tuesday and deliberated about seven hours before being sent home. Deliberations resumed around 8:30 a.m. Wednesday.Robert Bowers perpetrated the deadliest antisemitic attack in U.S. history when he stormed the Tree of Life synagogue in 2018 and opened fire, killing members of three congregations who had gathered for Sabbath worship and study. The 50-year-old truck driver was convicted in June of 63 federal counts, including hate crimes resulting in death and obstruction of the free exercise of religion resulting in death. Prosecutors have called for Bowers to be put to death, saying the attack was motivated by his hatred of Jews. Bowers spread antisemitic content online before the attack and told police at the scene that “all these Jews must die.” He has since expre...

SS Badger, ferry that carries traffic across Lake Michigan, out for season after ramp system damaged

Published Fri, 27 Dec 2024 22:59:57 GMT

LUDINGTON, Mich. (AP) — A historic ferry that carries traffic across Lake Michigan between Michigan and Wisconsin is out of service for the rest of the season after its ramp system was damaged in July, the vessel’s operators said.The S.S. Badger’s daily crossings between Ludington, Michigan, and Manitowoc, Wisconsin, were suspended indefinitely by operator Lake Michigan Carferry after the ramp system failed July 21. On Tuesday, parent company Interlake Maritime Services announced that the ferry would not resume operation this sailing season because damage to the ramp’s counterweight system requires months of repairs.“This is a very complicated process and one that will not be complete in time to resume service this season,” Sara Spore, general manager of Lake Michigan Carferry, said in a news release.The release said a counterweight structure on the port side of the ferry’s ramp system failed on July 21. Divers, marine construction contractors and an engineering fi...

Andreas Kluth: Russia outnumbers the US 10-to-1 in tactical nukes. Now what?

Published Fri, 27 Dec 2024 22:59:57 GMT

Rarely has a movie timed the zeitgeist as perfectly as “Oppenheimer,” the story of a man, and all humanity, becoming “death, the destroyer of worlds.” Real life seems hell-bent on imitating art these days.The blame for the global spike in nuclear anxiety belongs mainly, but not exclusively, to Russian President Vladimir Putin. Surely the situation brought about by his invasion of Ukraine and his recurring rattles of the atomic saber must also change how the U.S. thinks about its own atomic strategy. But how exactly?Putin has, over the past 500 days or so, destroyed each of the norms that developed during the Cold War to prevent an atomic arms race and Armageddon.First, he’s broken the nuclear taboo, by casually threatening the use of such diabolical weapons.Second, he’s undermined the consensus against nuclear proliferation, by demonstrating that forgoing nukes — as Ukraine did in the 1990s — leaves a nation vulnerable to people like h...

Vintage clothing, artisan shop opening on Albany's Lark Street

Published Fri, 27 Dec 2024 22:59:57 GMT

ALBANY, N.Y. (NEWS10) -- The Happie Collective already had its soft opening at 197 Lark Street and after a few weeks off, it's officially opening. The vintage clothing and artisan goods shop is having its grand opening on Friday, August 4. Get the latest news, weather, sports and entertainment delivered right to your inbox! Opening this shop has been a dream of owner Sandy Schneider for a long time. She is also a teacher at Woodland Hill Montessori School in Rensselaer.The Happie Collective specializes in upcycled and vintage clothing, and artisan goods from vendors such as painters and potters. Most vendors are local, while a few are out of state. After losing beloved chef, Catskill’s Piccolo Dal Torrente carries on with new owners "The big goal is to reduce the footprint of the textile industry," said Schneider.Schneider also wanted to be more involved in community services. The shop will be opening up a community studio space in the fall."We'll be offering classes and have ev...

Gerald, Missouri sees 4 inches of rain in 30 minutes Wednesday morning

Published Fri, 27 Dec 2024 22:59:57 GMT

GERALD, Mo. - As the Flood Watch continues through areas in Missouri, the Gerald Fire Protection District have already responded to the heavy rainfall.According to Gerald Fire Protection District Chief Warren Weiss Woods, in roughly 30 minutes, the area got four inches of rain. As a result, cars were stranded, and several basements were flooded. Reports Highway 50 also had experienced three feet of water. Illinois village keeps flooding and no one knows why A woman was also rescued at a home west of Gerald and Rosebud as they were trapped in a flood. Chief Woods explained that his concerns of more rain is there, but is certain crews can manage the flooding.

Back-to-school tax-free shopping in Missouri this weekend

Published Fri, 27 Dec 2024 22:59:57 GMT

ST. LOUIS - It's time for the annual tax-free, back-to-school weekend shopping event.School supplies will be exempt from sales taxes starting Friday through Sunday.“The shoes and the backpacks and the clothing items – things that everyone is going to need,” Sean Phillips, senior marketing director for the West County Center, said.The tax-free holiday kicks off for the back-to-school shopping season, giving customers a chance to shop all the deals and save.“This is a great opportunity for everyone to save money because as you know, when you make purchases here at the mall, the tax is around 10%,” Phillips said. “So if you are buying a computer that’s $2,000, you’ll save that $200 in tax.”West County, Mid Rivers, and South County malls are taking part. Illinois village keeps flooding and no one knows why Here’s what qualifies:Clothes that have a taxable value of $100 or less.School supplies - not exceeding $50 per purchase.Computer software with a taxable value of $350 or less.Perso...

Bubba Watson shares details on 'Liv Golf Competition' airing on KPLR 11 at noon this weekend

Published Fri, 27 Dec 2024 22:59:57 GMT

ST. LOUIS - Liv Golf returns this Saturday and Sunday at noon on KPLR 11. It's Liv Golf Greenbrier in West Virginia.Two-time Masters Winner Bubba Watson joined Liv last summer. Bubba spoke with FOX 2's John Pertzborn about leading his 'RangeGoats GC' team and how that relates to his upbringing in Baghdad, Florida. End of an era: Cardinals trade Jack Flaherty to Baltimore in deadline buzzer beater For more information about the competition, click here.