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Stock market today: A raucous week for Wall Street closes with a quiet, mixed finish

Published Thu, 26 Dec 2024 06:30:29 GMT

NEW YORK (AP) — Wall Street’s latest winning week closed with a mixed finish on Friday following stronger profit reports than expected from several big U.S. companies.The S&P 500 slipped 4.62, or 0.1%, to 4,505.42 to edge back from its highest closing level since April 2022. The Dow Jones Industrial Average rose 113.89, or 0.3%, to 34,509.03, and the Nasdaq composite fell 24.87, or 0.2%, to 14,113.70.Insurance giant UnitedHealth Group rallied 7.2% after it said profit growth during the spring was better than feared. It also raised the bottom end of its forecast for earnings for the full year.JPMorgan Chase rose 0.6% after it said its profit during the spring grew by more than expected thanks in part to its acquisition of the troubled First Republic Bank. It had been up more in the morning, but it faded through the day like the broader market. Wells Fargo likewise swung to a drop of 0.3% from an earlier gain after reporting stronger profit for the second quarter than expected. He...

S&P/TSX composite ticks lower Friday on energy weakness, U.S. markets mixed

Published Thu, 26 Dec 2024 06:30:29 GMT

TORONTO — Canada’s main stock indexticked lower Friday led by losses in the energy sector, while U.S. markets were mixed. The S&P/TSX composite index was down 15.57 points at 20,262.07.In New York, the Dow Jones industrial average was up 113.89 points at 34,509.03.The S&P 500 index was down 4.62 points at 4,505.42, while the Nasdaq composite was down 24.87 points at 14,113.70.Markets came out of the gates fairly strong after several large U.S. banks and other companies reported encouraging results to kick off earnings season, said Ian Chong, associate portfolio manager for First Avenue Investment Counsel Inc.“The banks were definitely front and centre, JPMorgan, Wells Fargo and Citi,” said Chong. “They all reported strong results, beating consensus estimates, particularly on net interest income.” However, markets started to dip lower in the mid-morning as more details on the earnings tempered investor optimism, said Chong, such as concerns that consumer spending could ...

Rehabilitated sea turtle released in Florida Keys to join Tour de Turtles

Published Thu, 26 Dec 2024 06:30:29 GMT

MARATHON, Fla. (AP) — A juvenile green sea turtle rehabilitated at the Florida Keys-based Turtle Hospital was fitted with a satellite-tracking transmitter and released Friday to join an online race that follows long-distance migrations of sea turtles.The Tour de Turtles, now in its 16th year, is organized annually by the Sea Turtle Conservancy. Beginning Aug. 1, the group will track a dozen sea turtles released from beaches in Florida and several Caribbean islands. “The Tour de Turtles is raising awareness about sea turtles and the threats to their survival,” Sea Turtle Conservancy senior research biologist Dr. Dan Evans said. “We are also learning about where they’re going, where they’re finding food, and what the possible threats to those areas are.”The young green sea turtle named Marcia, who was found floating off the Middle Keys in March, suffered from positive buoyancy disorder. The condition leaves sea turtles unable to dive down for food. Causes include internal infection, g...

After mass shooting, Baltimore leaders slam police for inadequate response

Published Thu, 26 Dec 2024 06:30:29 GMT

BALTIMORE (AP) — Nearly three hours before a mass shooting turned a south Baltimore neighborhood block party into a scene of terror and bloodshed, the city’s police department received a call about hundreds of partygoers armed with guns and knives — but on-duty officers decided no police services were required.The decision contributed to a “catastrophic breakdown” in police communication and response during the hours leading up to the July 2 shooting, top city officials said at a city council hearing Thursday evening.Baltimore’s troubled history with policing was thrust into the national spotlight years ago following the 2015 death of Freddie Gray in police custody. Since then, city leaders have focused on reforming the Baltimore Police Department and repairing public trust, especially within the Black community. Critics say this latest failure threatens to jeopardize recent progress.Two people died and 28 others were wounded when gunshots tore through a large crowd filling the cour...

India’s Modi and France’s Macron agree on defense ties but stand apart on Ukraine

Published Thu, 26 Dec 2024 06:30:29 GMT

PARIS (AP) — India is close to buying new French warplanes and submarines and played a starring role in France’s Bastille Day celebrations Friday. But for all the camaraderie on display this week between Indian Prime Minister Narendra Modi and French President Emmanuel Macron, their two countries remain sometimes-awkward allies.Macron skirted around concerns about threats to rights and freedoms under Modi’s Hindu nationalist government.Modi called for peace efforts in Ukraine to end Russia’s war and resulting grain shortages, and India has increased imports of sanctioned Russian oil; Macron’s France is boosting weapons supplies to Ukraine for its counteroffensive.During a two-day visit that included a banquet at the Louvre, Indian troops marching down the Champs-Elysees and a high-octane speech by Modi to Indians from around Europe, the two countries released a raft of agreements tightening cooperation in areas where they agree.The biggest step is a preliminary Indian accord to buy ...

GOP attorneys general cite affirmative action ruling in warning to companies over ‘discrimination’

Published Thu, 26 Dec 2024 06:30:29 GMT

NEW YORK (AP) — Thirteen state attorneys general – all Republicans – sent a letter Thursday to the CEOs of the U.S.’s 100 biggest companies, warning of legal consequences for using race as a factor in hiring and employment practices.The letter cited the Supreme Court’s recent and controversial affirmative action ruling — which declared that race cannot be a factor in college admissions, striking down decades-old practices aimed at achieving diverse student bodies at Harvard and the University of North Carolina. The states’ top government lawyers argued that the June ruling could also apply to private entities, like employers.“Treating people differently because of the color of their skin, even for benign purposes, is unlawful and wrong,” they wrote. The GOP officials also suggested that Diversity, Equity and Inclusion programs could be a form of discrimination.This letter and similar actions have strengthen concerns about how impacts of the Supreme Court’s af...

Firefighters battle fire at senior living apartments in Schaumburg

Published Thu, 26 Dec 2024 06:30:29 GMT

SCHAUMBURG, Ill. — Firefighters in Schaumburg are battling a fire Friday afternoon at senior living apartments.The apartment building is near West Wise Road and Roselle Road.Read more: Latest Chicago news headlinesVideo from Skycam 9 showed flames coming from the roof of the building.This is a breaking news story and will be updated as more information becomes available.

Trial date set for father of suspected gunman in Highland Park parade shooting

Published Thu, 26 Dec 2024 06:30:29 GMT

CHICAGO (AP) — An Illinois judge on Friday set a Nov. 6 trial date for a father charged with helping his son obtain a gun license three years before the son allegedly shot dead seven people at a Fourth of July parade in suburban Chicago last year.The father, Robert Crimo Jr., told Judge George Strickland at a hearing in Waukegan — north of Highland Park, where the shooting occurred — that he was waiving his right to a jury trial. That means Strickland will hear evidence and issue verdicts at the end of the bench trial.Earlier this year, Crimo Jr. pleaded not guilty to seven counts of reckless conduct — one count for each person killed. Each count carries a maximum 3-year prison term.In search for accountability on mass shootings, Chicago lawyer charts new course: Suing gun manufacturersThe judge Friday also set an Aug. 7 hearing for arguments on a defense motion challenging the constitutionality of laws that underpin charges against the father. Judge Strickland w...

Alderman used weed law to harass critics, IG report finds

Published Thu, 26 Dec 2024 06:30:29 GMT

CHICAGO — A Chicago alderman is accused of directing city workers to target a critic who lives in his ward by going after the man’s garden.While the Inspector General’s report does not identify the alderperson, previous reporting, and the alleged victim say he is Ald. Jim Gardiner (45th Ward). “Jimmy is such a snowflake he employs his friends to gang up on people who disagree with him,” said Pete Czosnyka, a North Side’s 45th Ward resident. Police: Six Flags Great America worker who ‘accidentally bumped’ ride passenger attacked The Inspector General investigated and concluded: A “sitting alderperson directed City employees to issue unfounded citations for overgrown weeds and rodents to the home of a constituent who had been publicly critical of the alderperson.” The IG found the alderperson was in “breach of fiduciary duty” for “unauthorized use of City property” and has now referred the matter to the Chicago Board of Ethics.The weed fines totaled more than $700, according to Czos...

Chicago man who took photo from Pelosi’s office sentenced for Capitol riot role

Published Thu, 26 Dec 2024 06:30:29 GMT

CHICAGO — A Chicago man who stole a prized photograph from then-House Speaker Nancy Pelosi’s office during the U.S. Capitol riot was sentenced on Friday to more than four years in prison for his role in the mob’s attack on the building.Kevin James Lyons, 40, took a wallet from a Pelosi staffer’s coat and a framed photograph of Pelosi with the late Congressman John Lewis, a civil rights movement icon who died in July 2020. Lyons also mockingly called out Pelosi’s name during the riot on Jan. 6, 2021.“In the context of the actions of the riotous mob, some of whom were baying for blood, Lyons’ invocation of the Speaker’s name could only be intended and understood as a threat of violence,” prosecutors wrote in a court filing.Investigators haven’t recovered the photograph of Pelosi with Lewis, which was taken during a 2019 visit to Africa, her last trip abroad with the Georgia Democrat before his death. The framed photo, taken from a mantle in the California Democrat’s office, ...