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Stock market today: Wall Street pushes higher in ahead of more inflation data this week

Published Fri, 07 Feb 2025 02:14:46 GMT

Wall Street is tracking higher early Monday ahead of new inflation data this week that will provide some insight into where prices are heading and how that is playing out for households and for the economy.The futures for the S&P 500 rose 0.5%, while the Dow Jones Industrial Average gained 0.2%. The U.S. releases monthly consumer prices on Wednesday, which is followed a day later by producer prices, the cost of goods before they reach the consumer. Both effect retail sales, and the U.S. releases August statistics on that front as well on Thursday.Economists expect that consumer prices rose slightly in August, up 3.6% from a year ago. Inflation has been generally cooling since peaking above 9% last summer, but the worry is the last bit of improvement to get to the Fed’s 2% inflation target may prove the most difficult.High interest rates are supposed to slow the economy and hurt the job market, which should ultimately help undercut inflation. But the highest rates in more than tw...

Residents mobilize in search of dozens missing after Nigeria boat accident. Death toll rises to 28

Published Fri, 07 Feb 2025 02:14:46 GMT

ABUJA, Nigeria (AP) — The death toll in the boat accident in north-central Nigeria’s Niger State has risen to 28, emergency services said Monday, as communities mobilized in support of an intensified search for dozens still missing after the passenger boat capsized.The boat capsized along the Niger River on Sunday morning with more than 100 villagers, mostly women and children, aboard. They were traveling to their farmlands in the Gbajibo community, located 251 kilometers (156 miles) from the state capital Minna, the closest source of emergency response.It took several hours before help could reach the community because of its remote location, and villagers nearby were on the lookout for bodies floating on the river, Niger State Emergency Management Agency spokesman Ibrahim Audu told The Associated Press.Divers recovered four more bodies from the river by Monday morning with at least 40 passengers believed to be still missing, Audu said. Thirty had been rescued. “Instruction has bee...

A trial that will test Canada’s definition of ‘terrorism’

Published Fri, 07 Feb 2025 02:14:46 GMT

In today’s Big Story Podcast, on June 6, 2021, the beloved Afzaal family of London, Ont., were out for a walk, when they were hit by a speeding truck that killed four of them. Police allege that the perpetrator acted intentionally, motivated by a hatred of Muslims, and have charged him not just with first-degree murders, but also acts of terrorism.This week, Nathaniel Veltman’s trial begins, and it will be closely watched to see if prosecutors can prove to a jury that far-right, white supremacist ideology motivated the attack, and if that indeed qualifies as ‘terrorism’ in Canada.Wendy Gillis is a crime reporter who will be covering the trial of the man accused of murdering the Afzaal family. She says this case is part of a broader shift in the way the legal system defines terrorism.“We are starting to see a broadening of the definition of terrorism, and this case is going to be central in terms of testing that,” says Gillis.So what will the court hear? And what mi...

With Rubiales finally out, Spanish soccer ready to leave embarrassing chapter behind

Published Fri, 07 Feb 2025 02:14:46 GMT

Spanish soccer is ready to move forward, three weeks after its women’s team won the Women’s World Cup but had its celebrations marred by a kiss that ignited a crisis.Luis Rubiales, the Spanish soccer federation president who kissed a player on the lips without her consent during the trophy ceremony in Australia last month, resigned late Sunday following weeks of relentless pressure from inside the sport and Spanish society in general.The decision, which many in the country had been hoping to see much earlier, was expected to help Spanish soccer start overcoming one of its most embarrassing chapters. It should also clear the way for Spain to get back on track with its bid to host the men’s World Cup in 2030 along with Portugal, Morocco and possibly Ukraine.“It’s over,” Irene Montero, the acting minister of equality in Spain, wrote on X, the social media platform formerly known as Twitter.Rubiales had been widely criticized after he kissed Jenni Hermoso on the lips during the aw...

9/11 events to be held across Chicago in honor of 22 years since attacks

Published Fri, 07 Feb 2025 02:14:46 GMT

CHICAGO -- Dozens of first responders from Chicago headed to New York City 22 years ago to help with the aftermath of 9/11.At 7:35 a.m. Monday morning, the mayor and others will come together outside the home of Engine 42 to remember the victims, including fallen heroes. Chicago firefighters went to Ground Zero to dig through rubble where the former World Trade Center stood. People will gather at the firehouse, city hall and memorials to commemorate the anniversary. Many people will also do volunteer work on this Patriot's Day.Nearly 3,000 people were killed when terrorists associated with Al-Qaeda flew two planes into the World Trade Center. 9/11 victims to be honored at memorial ceremony in Lower Manhattan A third plane crashed into the Pentagon and a fourth went down into a Pennsylvania field when passengers intervened and confronted the terrorists. There will be an event taking place at Malcom X College and 15,000 volunteers will help pack meals at Union Station, all benefiti...

Police investigate string of armed robberies at liquor stores, bar on Northwest Side

Published Fri, 07 Feb 2025 02:14:46 GMT

CHICAGO — Police are investigating after an armed robbery spree on the city's Northwest Side, targeting mostly liquor stores.The first incident happened around 10:25 p.m. Sunday near the corner of Division and Paulina streets. Police said two males, armed with handguns, walked into a liquor store and robbed two employees. The offenders took a safe and fled the scene on foot.Five minutes later, police said two males walked into another liquor store near the corner of Damen Avenue and Iowa Streets. The offenders were armed with guns and stole the cash drawer and robbed multiple people inside the store, then fled the scene.Another robbery occurred after 11 p.m. Sunday at a bar near the corner of North Greenview and Chicago Avenue. Police said two armed males stole the cash drawer from the register and robbed several people inside the business. The offenders then fled the scene. Explosion at Archer Daniels Midland facility in Illinois injures employees Police said two people were also...

Why the United Auto Workers union is poised to go on strike this week

Published Fri, 07 Feb 2025 02:14:46 GMT

DETROIT (AP) — About 146,000 U.S. auto workers are set to go on strike this week if General Motors, Ford and Stellantis fail to meet their demands for big pay raises and the restoration of concessions the workers made years ago when the companies were in financial trouble.Shawn Fain, the combative president of the United Auto Workers union, has threatened to strike any of the three companies that hasn't reached an agreement by the time its contract with the union expires at 11:59 p.m. Eastern time Thursday.Both sides began exchanging wage and benefit proposals last week. Though some incremental progress appears to have been made, a final agreement could come too late to avoid walkouts by UAW workers at factories in multiple states. Any strike would likely cause significant disruptions for auto production in the United States.Here's a rundown of the issues that are standing in the way of new contract agreements and what consumers could face if a prolonged strike occurs:WHAT DO WORKER...

Chris Evans marries Alba Baptista in private wedding: reports

Published Fri, 07 Feb 2025 02:14:46 GMT

(WJW) - "Captain America" star Chris Evans tied the knot over the weekend, according to several reports. As reported by People and other entertainment news outlets, the 42-year-old actor married 26-year-old actress Alba Baptista in a private Saturday ceremony in Cape Cod, Massachusetts. Several of Evans' "Avengers" costars reportedly attended the intimate wedding, including Robert Downey Jr., Chris Hemsworth and Jeremy Renner, according to Page Six. Want a ‘Blizzard’ Monday? Dairy Queen has 85 cent ones The actors and their wives were also spotted eating together in the Boston area, People reported. According to reports, Evans and Baptista confirmed back in November that they had been dating for over a year.

Leander sets property tax rate, approves budget

Published Fri, 07 Feb 2025 02:14:46 GMT

LEANDER, Texas (KXAN) -- The City of Leander approved its property tax rate and next year's budget. The tax rate was unanimously approved and set at 41.7282 cents per every $100 of property valuation. The tax rate is about 1.5 cents lower than the previous tax rate, but homeowners will be paying more because property values have gone up. The city is growing fast. In 2010, there were about 26,000 people living in Leander, but that number today is closer to 90,000, according to Leander city manager Rick Beverlin. What's in the budget? Half of the general fund is dedicated to public safety. There is $125,000 allotted in the budget for a public safety efficiency study that will be conducted by a third-party company. The study will look at both the fire and police departments to make sure they are operating the best they can. That includes the way shifts are scheduled and the use of technology. Beverlin said it is important to make sure those departments are running properly as they will...

Local brewery to donate skateboards to Austin 5th graders

Published Fri, 07 Feb 2025 02:14:46 GMT

AUSTIN (KXAN) – Workers and volunteers at an Austin-area brewery took part in a program with a national non-profit Sunday to bring skateboards to children at one Austin elementary school. Oskar Blues Austin workers and volunteers built 60 skateboards to donate to the entire 5th grade class at Pillow Elementary School in north central Austin. The skateboards will be delivered to the class on Monday morning. Workers and volunteers at Oskar Blues Austin construct skateboards for children at Pillow Elementary. (KXAN: Frank Martinez)Workers and volunteers at Oskar Blues Austin construct skateboards for children at Pillow Elementary. (KXAN: Frank Martinez)Workers and volunteers at Oskar Blues Austin construct skateboards for children at Pillow Elementary. (KXAN: Frank Martinez)The brewery built the boards as part of the Can'd Aid's Tread + Trails program. Can'd Aid said more than 17,800 skateboards and bikes have been built and donated to children in disadvantaged communities.Brian Ball ...