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Stock market today: Wall Street’s best week of 2023 heads toward unblemished finish after job report

Published Fri, 27 Dec 2024 12:32:16 GMT

NEW YORK (AP) — Wall Street’s best week of the year is getting even better Friday following a cooler-than-expected report on the job market.The S&P 500 was 0.9% higher in early trading and on track to rise every day this week. The Dow Jones Industrial Average was up 182 points, or 0.5%, as of 9:45 a.m. Eastern time, and the Nasdaq composite was 0.9% higher.Stocks have surged more than 5% this week on rising hopes the Federal Reserve is finally done with its market-crunching hikes to interest rates, which were meant to get inflation under control. Friday’s jobs report underscored that pressure is easing on inflation after it showed employers hired fewer workers last month than economists expected.Treasury yields in the bond market tumbled immediately after the jobs report, releasing more of the pressure that had built up on Wall Street. The yield on the 10-year Treasury eased to 4.48% from 4.67% late Thursday and from more than 5% last week, when it hit its highest level since 20...

Missy Elliott, Willie Nelson, Sheryl Crow and Chaka Khan ready for Rock & Roll Hall of Fame

Published Fri, 27 Dec 2024 12:32:16 GMT

NEW YORK (AP) — Fans of hip-hop, country, pop, funk, R&B and rock all have reason to cheer the 2023 class entering the Rock & Roll Hall of Fame.Missy Elliott, Kate Bush, Willie Nelson, Sheryl Crow, Chaka Khan, “Soul Train” creator Don Cornelius and the late George Michael will be inducted into the hall on Friday night in New York. The ceremony is also streaming live for the first time on Disney+.Also entering the hall are The Spinners, Rage Against the Machine, DJ Kool Herc, Link Wray, Al Kooper and Elton John’s longtime co-songwriter Bernie Taupin.The ceremony in Brooklyn will feature either as presenters or performers John, Brandi Carlile, Dave Matthews, H.E.R., Chris Stapleton, St. Vincent, New Edition, Stevie Nicks, Adam Levine, Carrie Underwood, Common, Ice-T, LL Cool J, Miguel, Queen Latifah and Sia. There’s even money that John will sing some of the songs he wrote with Taupin.Elliott becomes the first female hip-hop artist in the rock hall, which called her “a t...

US Secretary of State Antony Blinken says ‘we need to do more to protect Palestinian civilians’

Published Fri, 27 Dec 2024 12:32:16 GMT

KHAN YOUNIS, Gaza Strip (AP) — U.S. Secretary of State Antony Blinken said more needs to be done to “protect Palestinian civilians” in Gaza and that, without that, there will be “no partners for peace.”Speaking to reporters in Tel Aviv on Friday, Blinken also said, “we need to substantially and immediately increase the sustainable humanitarian assistance” into Gaza.He also said it was critical to restore the path toward a two-state solution to the Israel-Palestinian conflict, calling it the only “guarantor” of a safe and democratic Israel and independent Palestine. He said work on that must begin “not tomorrow, not after today, but today.”THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.KHAN YOUNIS, Gaza Strip (AP) — U.S. Secretary of State Antony Blinken urged Israel on Friday to do everything in its power to protect civilians caught in the fighting in Gaza and ensure they receive humanitarian aid, while underscoring the country’s right to defend itself. Israel, mea...

WTOP’s Beer of the Week: Suarez Family Palatine Pils

Published Fri, 27 Dec 2024 12:32:16 GMT

(new Image()).src = "https://capi.connatix.com/tr/si?token=9be9c680-c459-4acb-af21-654a2ccca384&cid=c2ffed0c-3624-46c0-b10f-97c976d290a3";cnx.cmd.push(function() { cnx({ playerId: "9be9c680-c459-4acb-af21-654a2ccca384",mediaId: "5680fd59-f504-473e-b682-d3fa8806f086"}).render("4e605fb40ff246569af5a61f35165444"); });No need to sneak past the palace guard for a glass of this!WTOP’s Brennan Haselton is joined by Neighborhood Restaurant Group Beer Director and James Beard Award nominee Greg Engert to talk about Suarez Family Palatine Pils for the latest edition of WTOP’s Beer of the Week.Brewery: Suarez Family Brewery, Hudson, New YorkDescription: A focused and lush expression of our house pilsner, featuring a creamy texture with pronounced notes of Earl Grey tea and a nice clean snappiness.ABV: 4.9%Pairing suggestions: Clams, oysters and crabs, seared halibut, fish and chips with malt vinegar, and Indian curriesSource

Virginia voter guide: What you need to know for the 2023 general election

Published Fri, 27 Dec 2024 12:32:16 GMT

The upcoming election in Virginia could very well be the most closely watched contest in the country come November.Control of the Virginia General Assembly is on the table this November with just a handful of competitive districts potentially determining whether Republicans will have a majority in both chambers of the state legislature. Going into Election Day, the GOP has a slim majority in the Virginia House with 50 Republicans, 46 Democrats and four vacancies. In the Virginia Senate, meanwhile, Democrats hold a similarly narrow majority. Of the 40 seats in the Senate, there are 22 Democrats and 18 Republicans. With Republican Glenn Youngkin in the governor’s mansion, Republicans are looking to win unified control — by flipping the State Senate. Democrats are looking to retake the House, which would bolster their power in Richmond. Either outcome would have significant consequences for Virginia over the next several years.Many voting and election questions can be answered on...

US employers pulled back on hiring in October, adding 150,000 jobs in face of higher borrowing rates

Published Fri, 27 Dec 2024 12:32:16 GMT

WASHINGTON (AP) — The nation’s employers slowed their hiring in October, adding a modest but still decent 150,000 jobs, a sign that the labor market may be cooling but remains resilient despite high interest rates that have made borrowing much costlier for companies and consumers.Last month’s job growth, though down sharply from a robust 297,000 gain in September, was solid enough to suggest that many companies still want to hire and that the economy remains sturdy.And job growth would have been higher in October if not for the now-settled United Auto Workers’ strikes against Detroit’s automakers. The strikes likely shrank last month’s job gain by at least 30,000, economists say. The strikes ended this week with tentative settlements in which the companies granted significantly better pay and benefits to the union’s workers.The unemployment rate rose from 3.8% to 3.9% in October. In another sign of a possible softening in the labor market, the Labor Department revised down its...

This is the most banned book in Colorado: report

Published Fri, 27 Dec 2024 12:32:16 GMT

(NEXSTAR) — During the last school year, there were at least eight instances of books being banned in Colorado.That's according to PEN America, a nonprofit freedom of expression advocacy group, that tracks book challenges and bans in the U.S. This data was tracked between July 2022 and June 2023.Though Colorado's total trails far behind Florida’s staggering 1,400 book ban cases during the same time, controversy over books isn’t non-existent in the state.Between Jan. 1 and August 31, 2023, the American Library Association‘s Office for Intellectual Freedom tracked eight attempts to restrict access to books in Colorado — and about 130 books were challenged in that time.As of last year, the most banned/challenged book in Colorado is Maia Kobabe's 2019 graphic memoir "Gender Queer: A Memoir," ALA reports. Reasons given for the book’s challenges include claims that it’s sexually explicit and complaints that it shows LGBTQIA+ content. Colorado adults: Can you answer ...

Florida real estate market faces challenges as insurance costs soar

Published Fri, 27 Dec 2024 12:32:16 GMT

FLORIDA (WSVN) — The Florida real estate market is grappling with a significant obstacle – skyrocketing insurance costs. For some homeowners, these rates have surged by a staggering 100%, causing concern in the property market. The primary culprit behind this surge is the increasing frequency of extreme weather events in recent years.Florida’s susceptibility to hurricanes and other natural disasters has made it a hotspot for insurance claims, leading to higher premiums for homeowners. As a result, some property owners are faced with difficult choices. Some are considering relocating out of the state entirely, while others are contemplating the risky option of dropping homeowners’ insurance altogether. A third alternative involves turning to state-backed insurance options as they search for ways to navigate this challenging landscape.

Florida hunters encounter massive python while gator hunting in Brevard County

Published Fri, 27 Dec 2024 12:32:16 GMT

BREVARD COUNTY, Fla. (WSVN) — What started as a gator hunt took an unexpected twist when hunters encountered a massive Burmese python prowling through the Everglades over the weekend. The snake measured a whopping 12 feet in length and weighed approximately 80 pounds. “I was freaking out. I don’t like any kind of snake, and I’ve never seen one that big,” said Carlee Strickland. The group of hunters stumbled upon a massive serpent while they were on a gator hunting expedition when one of the hunters, Chuckie Burgess, seized the snake by its tail. “Oh my god! You are like Florida man,” said one of the woman who accompanied the hunters.Kaylee Stillwaggon and Strickland said it’s something they’ll never forget. Now they want other hunters to be aware. “We walk through [tall] grass like this all the time, and we don’t ever look for anything like that,” said Stillwaggon. This sighting is uncommon for Brevard County, a...

Hezbollah leader says his militia is not deterred by US warnings, with all options ‘on the table’

Published Fri, 27 Dec 2024 12:32:16 GMT

KHAN YOUNIS, Gaza Strip (AP) — The leader of Lebanon’s Hezbollah says his militia is not deterred by U.S. warnings to stay out of the Israel-Hamas war.In a televised speech Friday, Hassan Nasrallah referred to U.S. military deployments in the region, saying “your fleets in the Mediterranean … will not scare us.” He said that Hezbollah is prepared for all options.THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.KHAN YOUNIS, Gaza Strip (AP) — The leader of Lebanon’s Hezbollah said Friday that his powerful militia is engaged in unprecedented cross-border fighting with Israel and threatened escalation.In a widely anticipated speech, Hassan Nasrallah stopped short of announcing that Hezbollah is fully engaging in the Israel-Hamas war.Nasrallah said in a televised speech that the fighting on the Lebanon-Israel border would “not be limited” to the scale seen until now.THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.KHAN YOUNIS, Gaza Strip (AP) —Israeli Prim...