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Stocks fall on Wall Street after weaker reports on economy

Published Fri, 27 Dec 2024 08:15:05 GMT

NEW YORK (AP) — Stocks are falling on Wall Street Tuesday after two reports on the economy came in weaker than expected. The S&P 500 was 0.7% lower in midday trading. The Dow Jones Industrial Average was down by 259 points, or 0.8%, at 33,341, as of 12:05 p.m. Eastern time, while the Nasdaq composite was 0.6% lower. Investors are still split on whether the U.S. economy will fall into a recession and how badly corporate profits are set to drop. The biggest question remains what the Federal Reserve will do next with interest rates after hiking them furiously over the last year to get high inflation under control. The reports on job openings and factory orders released Tuesday may have heightened recession fears. But they may also give the Fed reason to hold rates steady at its next meeting in May for the first time in more than a year, offering a possible upside for markets.One report showed employers advertised 9.9 million job openings in February, a sharper fall-off than economi...

At least 10 students abducted by gunmen in northwest Nigeria

Published Fri, 27 Dec 2024 08:15:05 GMT

ABUJA, Nigeria (AP) — At least 10 students were abducted by gunmen in northwest Nigeria, authorities said on Tuesday.Students from the Government Secondary School in Kaduna state were abducted during an attack Monday, however it was unclear exactly where they were kidnapped from, said Samuel Aruwan, the state commissioner of security. “The exact location of the incident is yet to be ascertained but detailed reports being awaited will clarify whether the incident occurred within the school premises or elsewhere,” he said. Abductions of students from schools in northern Nigeria are common and have become a growing concern since 2014, when Islamic extremists kidnapped over 200 schoolgirls in Borno state. More than 1,000 students were kidnapped from schools in the northwest and northcentral regions in 2020 and 2021, according to a United Nations report last year. Authorities blame the abductions on armed groups who often target remote communities. Most of the gunmen are thought to be yo...

Former Quebec doctor faces manslaughter charge after patient dies following surgery

Published Fri, 27 Dec 2024 08:15:05 GMT

MONTREAL — Laval police say a former doctor is facing a manslaughter charge after an 84-year-old patient died following a 2019 surgery.Isabelle Desormeau was arrested March 30 and released under conditions and a promise to appear for her arraignment on April 21.Police say the 52-year-old Desormeau faces one count of manslaughter in connection with the death of the patient on Nov. 1, 2019, at Cité-de-la-Santé hospital in Laval, Que., a Montreal suburb.Authorities say Desormeau was the anesthetist at the time of the surgery.Quebec’s college of physicians says Desormeau quit the profession in December 2019. Laval police are asking anyone with information about the accused or the incident to contact them.This report by The Canadian Press was first published April 4, 2023.The Canadian Press

Avian Flu cases confirmed in Mississauga

Published Fri, 27 Dec 2024 08:15:05 GMT

Birds found dead in Mississauga have tested positive for H5N1, also known as the avian flu, the City of Mississauga confirmed in a release on Tuesday.Manager at Mississauga Animal Services, Jay Smith, warned that the illness can “quickly devastate bird and wildlife populations, which can profoundly impact our environment and food chain.”“We’ve received multiple calls from residents reporting sick, dying or dead birds and are working closely with Peel Public Health and the Canadian Wildlife Health Cooperative to assess risks,” he added.“With many birds migrating back to Ontario for the spring migration, our investigation and response will be ongoing.”Avian flu is transmitted from bird to bird through secretions, feces, contaminated feed, water and equipment, and while the risk to human remains low, Smith warned residents to take common-sense precautions.“Despite the low risk of humans contracting the flu, people should still be cautious and avoid going near or...

Woman followed, sexually assaulted outside Scarborough home; suspect sought

Published Fri, 27 Dec 2024 08:15:05 GMT

Police are searching for a suspect after a woman was allegedly followed home and sexually assaulted in Scarborough.The incident occurred around 9:30 p.m. Monday in the area of Birchmount Road and St. Clair Avenue East.Police say a woman was walking home when she suspected someone was following her. Once she made it to her residence, the suspect ran up, grabbed her from behind, and sexually assaulted her.The victim was able to fight off the suspect and made it inside her home.The suspect fled the area on foot.Police are searching for a white clean-shaven male. He was last seen wearing a black hooded sweater and a dark-coloured backpack.Anyone with additional information is being asked to contact police.

Highland Park High School on lockdown due to student 'potentially' in possession of gun

Published Fri, 27 Dec 2024 08:15:05 GMT

HIGHLAND PARK, Ill. — Highland Park High School is currently on lockdown due to a student potentially in possession of a gun, city officials said.There have been no reports of shots fired at this time and a heavy police presence is surrounding the school.Students and staff have been asked to remain in place.Earlier in the morning, students planned a walkout over gun violence. At this time, it's unknown if that occured.WGN News will update this story once more information becomes available.

2 Georgia men electrocuted during substation break-in

Published Fri, 27 Dec 2024 08:15:05 GMT

GAINESVILLE, Ga. (AP) — Two northeast Georgia men died Monday after they were electrocuted while breaking into a power company substation.The deaths happened before dawn at a Georgia Power Co. substation in an industrial area south of downtown Gainesville, news outlets reported.Hall County Deputy Coroner Kevin Wetzel identified the dead to local news outlets as Shane Joseph Long, 45, and Christopher Blair Wood, 44, both of Gainesville. Their bodies are undergoing autopsies. Trump indictment live coverage: Former president set to be arraigned in NY Gainesville Police say the two men broke into a fenced area and were trying to steal something, possibly copper wiring, when they were killed. Emergency crews were called to an explosion and possible fire and could not recover the bodies for hours because of the danger posed by the electricity.Pap Datta, owner of the adjoining Liquid Nation Brewing, told The Times of Gainesville that the substation is securely fenced and well...

UConn fans tear down lampposts, set fires after Huskies championship win, videos show

Published Fri, 27 Dec 2024 08:15:05 GMT

STORRS, Conn. (WTNH) – Chaotic scenes broke out on the University of Connecticut campus following the UConn Huskies' NCAA championship win on Monday night, resulting in 15 people being arrested and charged with various crimes while 16 others were hospitalized, according to school officials.About 10,000 people were watching the game in the university's Gampel Pavilion arena. Police were present across the campus, keeping an eye on the crowds, and then interfering once the celebrations took a turn. UConn wins March Madness with 76-59 smothering of San Diego State University spokesperson Stephanie Reitz claimed the vast majority of those celebrating the victory last night on the campus in Storrs, Connecticut, did so safely and responsibly. But "a small number chose to risk their safety and that of others by vandalizing or destroying property after the game," she said.UConn fans pushed a lamp post through a van on April 4, 2023, following a victory over San Diego State University. (WT...

Murder trial: Expert says Daniel Perry slowed down as he made turn into crowd of protesters

Published Fri, 27 Dec 2024 08:15:05 GMT

Editor’s Note: The video above shows KXAN News Today’s top headlines for April 4, 2023.AUSTIN (KXAN) — Testimony from a photogrammetry expert in the Daniel Perry murder trial disputed eyewitness accounts that Daniel Perry sped into a crowd of Black Lives Matter protesters before he shot and killed Garrett Foster in downtown Austin.Perry is accused of murder and aggravated assault with a deadly weapon in the July 2020 death of Foster. Perry entered a not-guilty plea in court last week.The expert, Jason Evans, who is an engineer, testified in court on Tuesday. Evans said they performed a laser scan of the scene on Congress Avenue to analyze a number of things, including the speed of Perry's car. This was based on a dashcam video from an Uber driver who testified in the first week of the murder trial.Follow reporter Jala Washington's live updates from the Daniel Perry trial.@Jala__WashTV "We now have a 3D rendering of the move and the turn of Mr. Perry's vehicle," Evans said. "Mr. Perr...

Man accused of killing Fort Hood soldier gets 40 years in prison

Published Fri, 27 Dec 2024 08:15:05 GMT

BELL COUNTY, Texas (FOX 44) - The man accused of killing Fort Hood soldier Brandon Rosencrans will spend the next 40 years in prison.Brandon Michael Olivares made a plea deal with Bell County prosecutors in February, and a judge sentenced him towards the end of March. Olivares was charged with murder and arrested on August 5 - after the body of 27-year-old Rosecrans was discovered in the 2100 block of Fuller Lane in Harker Heights in May 2020.At first, Olivares told others he killed Rosecrans for trying to rape his girlfriend - but the girlfriend denies this happened.Olivares was indicted for the murder of Rosecrans in September 2020. An investigation into the murder revealed that the victim and suspect were traveling together in the victim’s vehicle before the suspect discharged a firearm at the victim.PFC Brandon Rosecrans.In the arrest affidavit, detectives say Olivares first claimed another person, Jai Smith, killed Rosecrans while they were driving back from San Anton...