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Stock market today: Wall Street drifts higher, marking 4th winning week for S&P 500

Published Mon, 16 Dec 2024 15:26:24 GMT

NEW YORK (AP) — Stocks inched higher Friday to close out a listless week for Wall Street, as investors wait for next week’s slate of potentially market-moving updates. The S&P 500 rose 4.93, or 0.1%, to 4,298.86 to cap its fourth straight winning week. The Dow Jones Industrial Average added 43.17, or 0.1%, to 33,876.78, and the Nasdaq composite gained 20.62, or 0.2%, to 13,259.14.Tesla was at the front of the market, rallying 4.1% after announcing General Motors electric vehicles will be able to use much of its extensive charging network beginning early next year. GM rose 1.1%. Energy stocks fell along with the price of crude oil. Exxon Mobil slipped 0.7% and was one of the heavier weights on the market. Ski resort operator Vail Resorts dropped 7.1% after reporting weaker results for the latest quarter than analysts expected. This week has been relatively quiet for markets, even with the benchmark S&P 500 index gaining enough Thursday to close 20% above its October low, ente...

S&P/TSX composite moves lower Friday, U.S. stock markets rise

Published Mon, 16 Dec 2024 15:26:24 GMT

TORONTO — Canada’s main stock index moved lower Friday after a week that saw the central bank raise interest rates, with the market’s move led by weakness in industrials, while U.S. markets ticked higher ahead of the country’s own rate announcement next week. The S&P/TSX composite index was down 50.64 points at 19,892.06.In New York, the Dow Jones industrial average was up 43.17 points at 33,876.78. The S&P 500 index was up 4.93 points at 4,298.86,while the Nasdaq composite was up 20.62 points at 13,259.14.The Bank of Canada surprised some this week with an interest rate hike on Wednesday, raising its key rate to 4.75 per cent, citing continued economic strength which could lead to entrenched inflation. “I think they’ve taken a bit more of a hawkish tone. There’s no question to that,” said Mike Archibald, vice-president and portfolio manager with AGF Investments Inc.“So now you’re starting to price in more rate hikes from the Bank of Canada movi...

Northwest Indiana man accused of setting fire to jail lobby caught in Tinley Park

Published Mon, 16 Dec 2024 15:26:24 GMT

CROWN POINT, Ind. — A man who Lake County Indiana Sheriffs say intentionally set fire to the lobby of a Northwest Indiana jail was arrested in southwest suburban Tinley Park on Friday, authorities said. Officers in Tinley Park arrested 26-year-old Ryan Andrews of Merrillville days after deputies released surveillance video of the June 5 incident that allegedly showed him spraying an accelerant on the floor of the Lake County jail.Despite the attempt to get flames to spread, arriving emergency personnel say the fire was already out upon arrival.   Read more: Latest Chicago news headlinesNo one was injured. Andrews, who fled the scene in a blue SUV, is currently being held at a facility in Illinois pending extradition to Indiana.

Minnesota to receive another $208 million from national opioid settlement

Published Mon, 16 Dec 2024 15:26:24 GMT

Minnesota is adding $208 million more in opioid settlements with drug makers and pharmacies and local communities could start seeing funding to address the crisis later this year.Attorney General Keith Ellison announced Friday the state is part of a $17.3 billion national agreement with drug companies Teva and Allergan as well as CVS and Walgreens pharmacies for their role in the opioid crisis.Altogether Minnesota will receive about $568 million from opioid settlements over the next two decades. The state was previously part of national agreements with a group of pharmaceutical distributors and opioid manufacturer Johnson and Johnson that will bring more than $300 million to Minnesota.Opioid-related overdoses and deaths have been on the rise for more than a decade and spiked to an all-time high in Minnesota in 2021 when 978 people died. The powerful synthetic opioid fentanyl was involved in the majority of those deaths.Nonfatal opioid overdoses also spiked in 2021 with 4,349 emergen...

The Glove Theatre hosting all-female artist showcase

Published Mon, 16 Dec 2024 15:26:24 GMT

GLOVERSVILLE, N.Y. (NEWS10) -- The Glove Theatre is presenting "Wonder Women", a music festival with a lineup of all-female artists. The event is scheduled for 7 p.m. on June 10. Get the latest, news, weather, sports and community events delivered right to your inbox! The regional showcase will honor local women and their positive impact within the Fulton County community. The show will feature performances by JoAnn Sifo, Olivia Hanifan, Cosby Gibson and Journey Blue Heaven. The evening's honorees will include Jennifer Donovan, Indiana Nash, and the late Barbara C. Henry. The event will be hosted by Patti Noble. Cars & Crypts show being held at Albany Rural Cemetery The Glove Theatre is located at 42 North Main Street in Gloversville. Tickets are $10 and can be purchased on The Glove Theatre website, or by calling the theatre.

End of Session: Clean Slate, housing, reparations

Published Mon, 16 Dec 2024 15:26:24 GMT

ALBANY, N.Y. (WTEN) -- It was a busy night for lawmakers as they close out this legislative session. Lawmakers were here past two a.m. heading into Friday morning and are expected to pull another all nighter. For hours, they've have been debating the Clean Slate Act, which would automatically seal certain criminal records. As far as housing goes, the legislature came up with a plan to address the housing crisis, but the Governor doesn’t approve.   Lawmakers to vote on Clean Slate bill During the budget, the Governor’s housing compact plan was nixed. The legislature’s proposal included the extension of affordable housing program 421-A, the passage of Good Cause Eviction, and a dilapidated apartment repair Program. However, that plan has come to a halt because the Governor is not on board with the proposal. Republican Senator George Borrello weighed in, "So if my colleagues on the other side of the aisle who stood up and applauded the Governor when she talked about housing in the bu...

Local flight school back in session as smoke clears

Published Mon, 16 Dec 2024 15:26:24 GMT

SELKIRK, N.Y. (NEWS10) — Hewison Aviation has taught people how to safely take flight at South Albany Airport for nearly a decade. But this week, the lessons came to a complete stop. Get the latest, news, weather, sports and community events delivered right to your inbox! "From Tuesday, Wednesday, and Thursday, we had to ground all of our flights," said Maura Hewison, Operations Manager at Hewison Aviation. "It was poor visibility, and it's also really bad for the air filters on the airplanes."Which was a new sort of lesson for her students. "Safety is our main concern here," added Hewison. "Taking care of our students and implying on them that it's better to be on the ground than be up there and have anything happen." Local school districts resume outdoor activities Running out of such a small airport made it harder for Hewison and her team than commercial airlines. "Here we just have the radio in house," she noted. "So, we're not actually speaking to air traffic control."Her...

Police arrest two people living in a Richmondville storage unit

Published Mon, 16 Dec 2024 15:26:24 GMT

COBLESKILL, N.Y. (NEWS10) -- Two people from Oneonta that were living inside a storage unit in Richmondville have been arrested, according to police. Brandon Burns, 31, and Sarah Yale, 29, are facing several charges. Get the latest, news, weather, sports and community events delivered right to your inbox! On April 15, troopers received a report of suspicious activity at a storage facility in Richmondville. A police investigation revealed that Burns and Yale had been unlawfully living in a unit on the property. Further investigation by troopers discovered that the pair possessed controlled substances, burglar’s tools, and items not belonging to them. Both were arrested on the scene on April 15 and transported to SP Cobleskill for processing.The pair was charged with the following:ChargesBurnsFourth-degree criminal possession of a controlled substance Five counts of seventh-degree criminal possession of a controlled substancePossession of a burglar’s toolYaleSeventh-degree criminal...

Precautionary boil advisory after major St. Louis water main break

Published Mon, 16 Dec 2024 15:26:24 GMT

ST. LOUIS --A major water main break at Lansdowne and Chippewa is causing some people in St. Louis to have low or no water pressure. Collector of Revenue Gregory FX Daly says that crews are working to isolate the break in the 20-inch main.A precautionary boil water advisory has been issued for several south St. Louis neighborhoods. The city's water division says that they have not detected any water contamination. The boil water advisory has been issued out of an abundance of caution.Neighborhoods with a precautionary boil advisory:Bevo MillBoulevard HeightsCarondeletDutchtownHolly HillsMount PleasantLindenwood ParkElected officials are proposing a water rate increase to pay for infrastructure improvements in the city. The increase would result in the largest hikes in city water bills in nearly three decades. St. Louis County town tows cars from driveways with expired tags The proposal came at a budget hearing Monday by Public Utilities Director Curk Skouby. The proposal would me...

Public health alert: Oysters linked to man's death in St. Louis County

Published Mon, 16 Dec 2024 15:26:24 GMT

ST. LOUIS COUNTY, Mo. - The St. Louis County Department of Public Health has issued a public health alert over oysters sold at one local business. The department announced the alert Friday, noting that a man died after eating raw oysters sold by one west county business. The oysters were sold from The Fruit Stand & Seafood at 14433 Manchester Road in Manchester, according to the health department. Anyone who recently purchased oysters from the business should dispose of them, according to the public health alert. Public health investigators say there is no evidence that the business did anything to contaminate the oysters, which means they were likely already contaminated when the establishment received them. Investigators are attempting to determine the source of the oysters in question and have called for an investigation through the Missouri Department of Health and Senior Services. According to the public health alert, a 54-year-old man died after becoming infected by the ba...