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Stock market today: Wall Street is closing its worst week in a month with more losses

Published Mon, 23 Dec 2024 16:14:48 GMT

NEW YORK (AP) — Wall Street is closing out its worst week in a month with more losses on Friday.The S&P 500 was 0.9% lower in late trading and on track for a fourth straight drop. The Dow Jones Industrial Average was down 188 points, or 0.6%, as of 3 p.m. Eastern time, and the Nasdaq composite was 1.1% lower.The stock market has been struggling under the weight of the bond market, where the yield on the 10-year Treasury briefly topped 5% late Thursday for the first time since 2007, according to Tradeweb. High yields make borrowing more expensive for everyone, and they slow the economy while dragging on prices for stocks and other investments.The yield on the 10-year Treasury was sitting at 4.91% after easing from within a hair of 5% earlier in the morning. It’s been catching up to the Federal Reserve’s main interest rate, which is already above 5.25% and at its highest level since 2001.Yields swung a day earlier after investors took comments from Federal Reserve Chair Jerome Pow...

Live updates | Hamas frees 2 American hostages, even as Israel airstrikes continue in southern Gaza

Published Mon, 23 Dec 2024 16:14:48 GMT

This satellite photo from Planet Labs PBC shows both the Egyptian, left, and Gaza Strip, right, sides of the Rafah border crossing Thursday, Oct. 19, 2023. Satellite photos analyzed Friday, Oct. 20, 2023, by The Associated Press show a massive convoy of semitruck trailers lined up at the Rafah border crossing on the Egyptian side, likely waiting for approval to cross into the besieged Gaza Strip as the Israel-Hamas war rages. (Planet Labs PBC via AP)(AP/Planet Labs PBC) This satellite photo from Planet Labs PBC shows both the Egyptian, left, and Gaza Strip, right, sides of the Rafah border crossing Thursday, Oct. 19, 2023. Satellite photos analyzed Friday, Oct. 20, 2023, by The Associated Press show a massive convoy of semitruck trailers lined up at the Rafah bord...

McVay says Rams CB Derion Kendrick is back at practice, could play Sunday after arrest, gun charges

Published Mon, 23 Dec 2024 16:14:48 GMT

THOUSAND OAKS, Calif. (AP) — Los Angeles Rams cornerback Derion Kendrick could play on Sunday, less than a week after he was arrested and charged with two gun offenses.Kendrick returned to practice Friday, and coach Sean McVay described the second-year pro as “remorseful and regretful” for the disturbance he caused to the Rams (3-3).McVay said he hasn’t decided whether Kendrick, who has started every game this season, will suit up when Los Angeles hosts Pittsburgh (3-2) on Sunday.Kendrick was away from the Rams’ training complex until Thursday, when he returned and spoke at length to McVay. The coach said he emerged from the conversation believing Kendrick can use his latest arrest “as a learning opportunity.”“I trust this kid’s heart,” McVay added. “I believe in him. I also believe in forgiveness and understanding. There’s certain things that we can use to be able to learn from, and then there’s certain mistakes that people make that maybe it’s a little bit different co...

Colorado designated as federal technology, innovation hub

Published Mon, 23 Dec 2024 16:14:48 GMT

DENVER (KDVR) -- Colorado's technical businesses and scientific advancements have been shared across the world — and out of this atmosphere — and now those accomplishments have been federally designated.In April, the Colorado Office of Economic Development and International Trade (OEDIT) announced a new public-private initiative, TechHubNow!, to position Colorado for designation as a Regional Technology and Innovation Hub (Tech Hub) under the CHIPS and Science Act. OSIRIS-REx spacecraft named 2023 Coolest Thing Made in Colorado Six months later, Colorado is now a Tech Hub focused on quantum industry advancement. “The quantum sector is one of the key industries of tomorrow, and I’m thrilled the Biden administration is awarding Colorado a TechHub designation for quantum technology," Gov. Jared Polis said. "We will take full advantage of this decision to help create jobs, and support businesses and entrepreneurs because Colorado is the best place for tech and inn...

Denver area's RTD ridership grew during 2023 free fare initiative

Published Mon, 23 Dec 2024 16:14:48 GMT

DENVER (KDVR) -- The Regional Transportation District offered free fares in an effort to reduce ground-level ozone for two months over the summer, resulting in over one million additional rides this year.The Zero Fare for Better Air initiative was made possible with SB 22-180, which provides grants to RTD to cover costs so the community can utilize public transportation during peak ozone season. Colorado destinations you can get to on RTD This year was the second time RTD provided free fares. Last year, the initiative was only during August, and RTD saw a 36% increase in ridership compared to the same time frame in 2021.Free fares brought more riders to public transportationFrom July 2022, when fares were not free, ridership increased by 22% in August 2022 when riding was free.This year the initiative was twice as long, lasting through July and August. Ridership during the free fare initiative this year increased by an additional 10% overall, according to a report from RTD. Dow...

Florida City homeowner speaks out on fatal rollover crash involving 17-year-old fleeing traffic stop

Published Mon, 23 Dec 2024 16:14:48 GMT

A Florida City homeowner said she’s grateful she was not home when, police said, a teenage driver slammed into an apartment building in a rollover crash that left him dead.7News cameras on Friday captured Krystal Holmes as she surveyed the damage to her home, located along the 500 block of Northwest Fifth Avenue in the River Oaks town home community.The gaping hole on the side of the building caused by the crash has since been boarded up.“Had I been home, had I not left home a few moments earlier, I would have been inside the residence,” she said.Miami-Dade Police said 17-year-old Brandon Madison was behind the wheel of a rented Mercedes-Benz sedan when he fled a traffic stop and crashed into Holmes’ home, Thursday afternoon.Police said an officer with MDPD’s Robbery Intervention Detail attempted to pull over Madison at a nearby Sunoco gas station due to a traffic infraction, but the driver wouldn’t cooperate.Cellphone video posted on social medi...

Florida deputies find 5-year-old twins dead after recovering body of mother who had jumped from bridge

Published Mon, 23 Dec 2024 16:14:48 GMT

SANFORD, Fla. (AP) — Deputies in central Florida investigating a woman who had jumped to her death into a lake from a highway bridge later found her 5-year-old twins dead at her home, authorities said Friday.Deputies were called to a highway bridge in Seminole County, Florida, a suburb of Orlando, Friday morning after motorists witnessed the 31-year-old woman exiting the passenger side of a car and jumping into the lake below.The woman was pronounced dead after her body was pulled from the water with the help of nearby boaters, the Seminole County Sheriff’s Office said in a news release.Deputies went to the woman’s house after learning her identity and that she had 5-year-old twins who weren’t in the car. At the home in Sanford, Florida, deputies found the twins dead.“The manner of death for the twins is unknown at this time, with no apparent signs of trauma, and is pending autopsy results,” the sheriff’s office said.No further details were released Friday af...

Bond denied for man accused of stabbing, tying woman up in Hialeah home invasion

Published Mon, 23 Dec 2024 16:14:48 GMT

A man accused of a violent home invasion that left a homeowner injured appeared before a judge today. Isaac Green is now facing charges of armed home invasion and aggravated battery.The incident occurred on Thursday when Green reportedly forced his way inside a residence on West 73rd Street in Hialeah. During the robbery, he allegedly stabbed the victim and tied her up before fleeing with stolen goods.Green was arrested shortly after the incident. The injured victim was rushed to Ryder Trauma Center for treatment.Green is being held without bond.

DeSantis will call Florida lawmakers back to Capitol to impose new sanctions on Iran

Published Mon, 23 Dec 2024 16:14:48 GMT

TALLAHASSEE, Fla. (AP) — Presidential candidate and Republican Florida Gov. Ron DeSantis will bring lawmakers back to Tallahassee for a special session to impose additional sanctions on Iran, his office said Friday.No date has been set and no details of proposed legislation have been released. The special session is being called because Iran supports Hamas militants who attacked Israel two weeks ago, though no government worldwide has offered direct evidence supporting that Iran orchestrated the attack.“The details, including the date and scope, are being worked out between legislative leadership and our office. We look forward to working with the legislature to show Florida’s continued support for Israel,” DeSantis spokesman Jeremy Redfern said in an email.The Legislature will begin its annual session in January. Florida already has sanctions against companies that directly do business with Iran and six other “countries of concern,” including Cuba, China and Russia. The U.S. federa...

MBTA worker hospitalized after brush with third rail on Red Line tracks

Published Mon, 23 Dec 2024 16:14:48 GMT

An MBTA employee made contact with the third rail at North Quincy Station early Friday morning, resulting in a minor burn, MBTA officials said.Around 4:38 a.m., the worker dropped a wrench, and his leg made contact with the third rail while working on the Braintree branch.The worker, conscious and alert, was transported to Boston Medical Center, an MBTA spokesperson confirmed.The transit agency said the incident is under investigation by their safety department and the Department of Public Works.