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Stock market today: Wall Street edges higher ahead of updates on inflation, profits

Published Fri, 07 Feb 2025 07:24:34 GMT

NEW YORK (AP) — Stocks drifted higher on Wall Street ahead of a week with updates on where inflation and corporate profits are heading. The S&P 500 rose 0.2% Monday, coming off just its second losing week in the last eight. The Dow added 0.6% and the Nasdaq rose 0.2%. This week will offer the latest monthly update on inflation, and Wall Street’s hope is that a continued slowdown will convince the Federal Reserve to soon stop hiking interest rates. At the end of the week companies will also start telling investors how much profit they made during the spring. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.NEW YORK (AP) — Stocks are drifting on Wall Street Monday ahead of a week with updates on where inflation and corporate profits are heading.The S&P 500 rose 0.1% in afternoon trading, coming off just its second losing week in the last eight. The Dow Jones Industrial Average was up 172 points, or 0.5%, at 33,907, as of 2:43 p.m. Eastern time, and the Nasdaq c...

PriceSmart: Fiscal Q3 Earnings Snapshot

Published Fri, 07 Feb 2025 07:24:34 GMT

SAN DIEGO (AP) — SAN DIEGO (AP) — PriceSmart Inc. (PSMT) on Monday reported earnings of $29.6 million in its fiscal third quarter.On a per-share basis, the San Diego-based company said it had net income of 94 cents. Earnings, adjusted for non-recurring costs, came to $1.02 per share.The warehouse club operator posted revenue of $1.1 billion 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 PSMT at https://www.zacks.com/ap/PSMTSource

Philadelphia shooter fired through 1st victim’s door, claimed to be law enforcement, police say

Published Fri, 07 Feb 2025 07:24:34 GMT

PHILADELPHIA (AP) — A day before killing four people in a mass shooting in Philadelphia last week, authorities say the gunman went to his first victim’s door wearing a dark mask, shot through it and yelled that he was law enforcement before entering the home and continuing to shoot, police officials said at a news conference Monday.The details were revealed a day after police announced that it was likely Joseph Wamah Jr., 31, had been killed in the early hours of July 2, and not during the larger July 3 attack, as police had initially thought, and that a 911 call reporting the gunshots had been misrouted to the wrong neighborhood. Officials said they have not found a connection between Wamah and the suspected shooter, Kimbrady Carriker. Authorities believe Carriker, 40, fatally shot Wamah in the early hours of July 2 and then, about 44 hours later, opened fire randomly with an AR-15-style rifle, killing four others and wounding four more in a southwest Philadelphia neighborhood. Wam...

Czech defender David Jurásek completes transfer to Benfica on 5-year deal

Published Fri, 07 Feb 2025 07:24:34 GMT

PRAGUE (AP) — Czech Republic defender David Jurásek completed a transfer from Slavia Prague to Portugal champion Benfica on a five-year contract on Monday.The 22-year-old Jurásek joined Slavia from another Czech side, Mlada Boleslav, in February 2022. Jurásek played 55 games for Slavia, scoring three goals and adding 15 assists.He had three assists in the Europa Conference League.Jurásek debuted for the national team in March in a 2024 European Championship qualifier. He has played three internationals.___AP soccer: https://apnews.com/hub/soccer and https://twitter.com/AP_SportsSource

Yankees’ Gerrit Cole and Diamondbacks’ Zac Gallen will start the MLB All-Star Game

Published Fri, 07 Feb 2025 07:24:34 GMT

SEATTLE (AP) — The New York Yankees’ Gerrit Cole will start Tuesday night’s All-Star Game for the American League and Arizona’s Zac Gallen will open on the mound for the NL.AL manager Dusty Baker of Houston and NL manager Rob Thomson of Philadelphia announced their starting lineups on Monday before the annual Home Run Derby.Cole will start for the first time in his sixth All-Star nod. He is 9-2 with a 2.85 ERA and 123 strikeouts in 117 innings. The 32-year-old right-hander joins Lefty Gomez (five times), Red Ruffing (twice), Hank Borowy, Spud Chandler, Roger Clemens, Whitey Ford, Jimmy Key, Vic Raschi, Met Stottlemyre, Bob Turley and David Wells as Yankees All-Star starters.“It’s always something I wanted to do,” Cole said. Gallen, a 27-year-old right-hander, is 11-3 with a 3.04 ERA, tied for the major league lead in wins. The first-time All-Star has 125 strikeouts in 118 1/3 innings and becomes the third Diamondbacks pitcher to start an All-Star Game after R...

Ex-Man City player Benjamin Mendy denies sexually attacking two women at retrial

Published Fri, 07 Feb 2025 07:24:34 GMT

CHESTER, England (AP) — Former Manchester City player Benjamin Mendy denied sexually attacking two women at his retrial on Monday.The France defender, who was under contract to City until July 1, is accused of the attempted rape of woman A, aged 29 at the time, at his Cheshire home in October 2018. He is also accused of raping woman B, aged 24 at the time, at his home two years later.He has denied the charges at Chester Crown Court and said the incidents were consensual encounters.The jury of six women and six men have been told by trial Judge Stephen Everett that 28-year-old Mendy was found not guilty of sexual offences alleged by other women after a trial which ended in January. But that jury could not agree on verdicts on the allegations made by women A and B.___AP soccer: https://apnews.com/hub/soccer and https://twitter.com/AP_SportsSource

These are the hidden gems of Prime Day 2023

Published Fri, 07 Feb 2025 07:24:34 GMT

BestReviews is reader-supported and may earn an affiliate commission. Details.Don’t miss out on these excellent products Prime Day is almost here, and it’s time to get great deals on top products. However, not every product discounted in this event, which takes place on July 11 and 12, is a winner, so it’s important to shop with care. We have the top hidden gems of Prime Day for you, either tested by the BestReviews Testing Lab or recommended by our trusted experts. Many of these are early Prime Day deals, already discounted before the big event — and we expect them to be snapped up fast. You’ll also find our staff picks at the end of the article, brought to you by our product-obsessed BestReviews team members. Last updated on July 7, 2023, at 9 a.m. PTShop this article: Dyson Airwrap, Shark S3501 Steam Pocket Mop and Callaway 300 RangefinderTop products we tested  Apple 2022 MacBook Pro 13% OFFWhen testing this MacBook, we were impressed with its ...

Charges dropped for woman accused in 2021 shooting outside Miami Hooters 

Published Fri, 07 Feb 2025 07:24:34 GMT

Charges were dropped against a Florida woman who was accused of shooting a man outside a Hooters restaurant.Surveillance video from February 2021 showed the moment when Quanesha Lewis exited the Coral Gables restaurant and shot Darren Campbell twice in front of his daughter.Lewis has since maintained that she fired in self defense.Witnesses said they did hear Campbell make several racist threats against Lewis that night.Campbell remains on the road to recovery.

Ukraine NATO bid still unresolved as alliance leaders gather

Published Fri, 07 Feb 2025 07:24:34 GMT

VILNIUS — It’s one problem down and one to go for the NATO alliance as leaders prepare to meet for a summit in the Lithuanian capital. Sweden’s troubled membership bid was accepted by Turkey’s president late Monday but the tricky issue of formulating acceptable language on Ukraine’s membership aspirations still hasn’t been agreed.After intensive talks on the summit communiqué, there was still no final deal on what will be offered to Ukraine, although a senior NATO diplomat said: “We have made very good progress and I am 100 percent optimistic.”Officials negotiating the language on Ukraine are now expected to reconvene on Tuesday, the same day leaders will begin their two-day meeting.  “I believe it is coming together — it is very close,” said a second senior NATO diplomat, who like others was granted anonymity to discuss sensitive negotiations.Ukrainian President Volodymyr Zelenskyy upped the pressure on the alliance on Monday, demanding that NATO send a c...

Emergency crews respond to crash at entrance to City Square Tunnel near off Tobin Bridge

Published Fri, 07 Feb 2025 07:24:34 GMT

Emergency crews responded in Boston on Monday after a crash at the entrance to the City Square Tunnel coming off the Tobin Bridge. A truck involved in the crash hit the jersey barrier in the center of the road. In addition to state police, fire crews were also on scene shortly before 5:30 p.m. A tow truck had been brought in and traffic was being directed around the crash.This is a developing story; stay with 7NEWS on-air and online for the latest updates.