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Business Highlights: Wall Street soars as inflation cools; US tightens financial sanctions on Hamas

Published Mon, 16 Dec 2024 20:58:55 GMT

___Stock market today: Wall Street soars as cooling inflation raises hopes for an end to rate hikesNEW YORK (AP) — Wall Street surged after a report on U.S. inflation sent waves of relief through markets. The S&P 500 jumped 1.9% to a two-month high Tuesday, one of is best days of the year. The Dow rallied 489 points, and the Nasdaq composite soared 2.4%. The highly anticipated report showed inflation slowed last month, bolstering bets among traders that the Federal Reserve is finally done with its market-crunching hikes to interest rates. Technology and other high-growth stocks led the way higher. Stocks of smaller companies also got a particularly big boost on hopes that financial conditions won’t tighten further. Treasury yields tumbled.___What’s pushing inflation down? More goods, workers and housingWASHINGTON (AP) — Long past its painful peak, inflation in the United States may be heading steadily back toward its pre-pandemic levels, without the need for further interest rat...

Asensus Surgical: Q3 Earnings Snapshot

Published Mon, 16 Dec 2024 20:58:55 GMT

DURHAM, N.C. (AP) — DURHAM, N.C. (AP) — Asensus Surgical, Inc. (ASXC) on Tuesday reported a loss of $18.3 million in its third quarter.The Durham, North Carolina-based company said it had a loss of 7 cents per share. Losses, adjusted for non-recurring costs, were 6 cents per share.The maker of surgical robots and medical instruments posted revenue of $1.1 million in the period.In the final minutes of trading on Tuesday, the company’s shares hit 24 cents. A year ago, they were trading at 46 cents._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ASXC at https://www.zacks.com/ap/ASXCSource

After deadly Nevada crash, federal investigators want cars to warn drivers if they’re speeding

Published Mon, 16 Dec 2024 20:58:55 GMT

DETROIT (AP) — Federal accident investigators want automakers to install systems on all new vehicles that warn drivers when they go over the speed limit, and it is asking regulators to figure out how states can electronically limit speeds on vehicles driven by repeat traffic offenders.The National Transportation Safety Board’s recommendations to combat excessive speeding came after a hearing Tuesday on a January 2022 crash in North Las Vegas, Nevada. In that crash, the driver of a Dodge Challenger with a long record of speeding ran a red light at 103 miles per hour (166 kilometers per hour) and slammed into a minivan, killing himself and eight others.The board, which can only make recommendations and has no regulatory authority, determined that the Challenger driver’s excessive speed and failure to obey a stop sign and red light caused the crash. His impairment from cocaine and PCP contributed. But it also found that the state of Nevada failed to seriously punish the dri...

QuickLogic: Q3 Earnings Snapshot

Published Mon, 16 Dec 2024 20:58:55 GMT

SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — QuickLogic Corp. (QUIK) on Tuesday reported profit of $1.2 million in its third quarter.The San Jose, California-based company said it had profit of 8 cents per share. Earnings, adjusted for stock option expense, were 13 cents per share.The maker of chips for mobile and portable electronics manufacturers posted revenue of $6.7 million in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on QUIK at https://www.zacks.com/ap/QUIKSource

Denver weather: Cooling with rain, snow chances ahead

Published Mon, 16 Dec 2024 20:58:55 GMT

DENVER (KDVR) — Temperatures remained well above normal again in Denver weather, with afternoon highs reaching the upper 60s and low 70s on Tuesday.There will be another mild day on Wednesday before temperatures start to cool into the weekend, according to Pinpoint Weather, Colorado’s Most Accurate Forecast. FOX31 Newsletters: Sign up to get breaking news sent to your inbox Forecast highs across metro Denver on WednesdayWeather tonight: Mainly clear and coldThere will be a few clouds drifting across Colorado during the overnight hours. The wind will be light and generally from the south in most locations.It will be cold in the teens and 20s in the Colorado mountains and a mix of 20s and 30s at lower elevations, including metro Denver.Overnight lows by Wednesday morning across ColoradoWeather tomorrow: Passing clouds and mildExpect another mild day on Wednesday, with afternoon highs forecast to reach the 50s to 70s across Colorado.Those temperatures will once again be 10-15 degrees...

Do you know this man? Repeat robber wanted in Thornton

Published Mon, 16 Dec 2024 20:58:55 GMT

THORNTON, Colo. (KDVR) — The Thornton Police Department is asking for the public's help to identify a man in two aggravated robberies back on Friday, Nov. 3.“That's the first time since I've been here that anyone has come in with a gun," said Lynn Boch, general manager of a Sinclair off 104th Avenue and Grant Street. FOX31 Newsletters: Sign up to get breaking news sent to your inbox Boch said the suspect came into their store just a little before 10 p.m. that Friday, filled up with gasoline and tried to buy cigarettes using a fake passport. “My cashier that night said, 'No, this is not happening,'" Boch said. "He (the suspect) then threw a fit and took a box of Blow Pops, threw them all over the floor and headed out." Boch said his frustrated but calm cashier followed the suspect out. From there, the suspect grabbed a gun and followed him back inside.“My cashier said, 'Do what you got to do, there are cameras everywhere,'" Boch said.Man wanted for aggravated robbery after hitting ...

What are the most expensive neighborhoods in Denver?

Published Mon, 16 Dec 2024 20:58:55 GMT

DENVER (KDVR) -- Denver has 78 official neighborhoods, but not all of them are the same. In fact, one big way that Denver neighborhoods differ from one another is housing prices.FOX31 looked at data from the Zillow Home Value Index, which measures the typical home value in a given region to find which neighborhoods in Denver are the most and least expensive. How could higher property tax payments affect Colorado’s economy? The value includes single-family homes, as well as condos and co-ops.The most expensive neighborhoods in DenverIt may not surprise you that Denver's most expensive neighborhoods are, for the most part, very close to each other, with nine of the top 10 bordering another neighborhood on the list.Country Club - $1.6 millionHilltop - $1.48 millionBelcaro - $1.37 millionWashington Park - $1.16 millionCherry Creek - $1.11 millionWellshire - $1.06 millionUniversity Park - $970,000South Park Hill - $911,000Cory - Merrill - $859,129Washington Park West - $855,023If you o...

House votes to prevent a government shutdown as GOP Speaker Johnson relies on Democrats for help

Published Mon, 16 Dec 2024 20:58:55 GMT

WASHINGTON (AP) — The House voted Tuesday to prevent a government shutdown after new Republican Speaker Mike Johnson was forced to reach across the aisle to Democrats when hard-right conservatives revolted against his plan.The bipartisan tally, 336-95, showed Johnson’s willingness to leave his right-flank Republicans behind and work with Democrats to temporarily keep government running — the same political move that cost the last House speaker, Kevin McCarthy, his job just weeks ago.This time, Johnson of Louisiana appeared on track for a temporarily better outcome as the House approved the stopgap package to keep the government running into the new year. The Senate would act next, ahead of Friday’s shutdown deadline.“Making sure that government stays in operation is a matter of conscience for all of us. We owe that to the American people,” Johnson said earlier Tuesday at a news conference at the Capitol.But the new Republican leader faced the same political problem that led to...

South Florida man arrested for allegedly installing hidden cameras in gym bathrooms

Published Mon, 16 Dec 2024 20:58:55 GMT

A 30-year-old Pompano Beach man was arrested and is facing charges after allegedly installing hidden cameras in the bathrooms of multiple YouFit gyms across South Florida. The investigation began in September when a hidden camera was discovered under the sink in the handicap stall of the men’s bathroom at the YouFit gym located at 4032 W Hillsboro Blvd in Deerfield Beach. “This is a very disturbing and despicable crime,” said BSO Spokesperson Carey Codd. “This individual is accused of surreptitiously placing hidden cameras inside men’s handicap bathroom stalls at fitness facility in Deerfield Beach.”Following the discovery, the gym’s regional manager instructed staff to check their facilities, leading to the detection of additional cameras in Boynton Beach, Davie and another Deerfield Beach location. The suspect, identified as Bernardo Santiago Lopez, also visited a YouFit in Miami within a two-month period. “As part of the investigati...

Teachers in Andover reach deal to end strike

Published Mon, 16 Dec 2024 20:58:55 GMT

Teachers in Andover have reached a deal to end their strike, officials said Tuesday.Parties agreed on a new contract late Tuesday afternoon. Their deal came five days after union members voted to authorize a strike on Friday of last week. The strike vote, in turn, came after months of negotiations between the Andover Education Association and the Andover School Committee. “The AEA is ecstatic to announce that we have come to an agreement and the strike is OVER!” the Andover Education Association said in its statement on social media moments after 5 p.m. The education association said all educators and students will return to school on Wednesday. The Andover School Committee confirmed a deal was in place.“We cannot begin to thank the Andover community enough for their support,” the education association said. “We cannot wait to see our students in school tomorrow!”The roughly 800 Andover Education Association members had been manning picket lines in recent days, also t...