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Stock market today: Wall Street drifts ahead of a highly anticipated jobs report coming Friday

Published Fri, 27 Dec 2024 11:10:07 GMT

NEW YORK (AP) — Wall Street is drifting Thursday, as pressure from the bond market stays high due to worries about a too-hot U.S. job market. The S&P 500 was virtually unchanged in late trading, a day before a highly anticipated report on the job market that could sway the Federal Reserve’s view on interest rates. The Dow Jones Industrial Average was up 29 points, or 0.1%, as of 3 p.m. Eastern time, and the Nasdaq composite was 0.1% higher.Stocks have struggled since the summer under the weight of soaring Treasury yields in the bond market, which undercut stock prices and crimp corporate profits. Yields have leaped as traders acquiesce to a new normal where the Federal Reserve is likely to keep its main interest rate at a high level for a long time, as it tries to extinguish high inflation.Treasury yields wavered up and down Thursday after a report showed fewer U.S. workers applied for unemployment benefits last week than economists expected. That’s a sign fewer workers ar...

Evidence at New York fraud trial shows that Trump’s financial statements were key to a loan deal

Published Fri, 27 Dec 2024 11:10:07 GMT

NEW YORK (AP) — Former President Donald Trump has said he never thought his yearly financial statements “would be taken very seriously.” But evidence Thursday at his New York civil fraud trial showed the statements were integral to some of his business empire’s loan deals.A state lawyer showed letters that former Trump company controller Jeffrey McConney sent to a bank, saying he was providing copies of Trump’s 2015 and 2016 financial statements as required under the conditions of a loan for his Seven Springs estate north of New York City.McConney was the first ex-insider from the Trump Organization to testify at the trial, where New York Attorney General Letitia James is alleging that Trump and his business deceived banks, insurers and others with fraudulent financial statements that vastly overvalued Trump Tower, Mar-a-Lago and other assets. Trump denies any wrongdoing and says James, a Democrat, is just trying to damage his 2024 presidential campaign. He’s leading the Repub...

Ex-USC gynecologist charged with sexually assaulting students dies before going to trial

Published Fri, 27 Dec 2024 11:10:07 GMT

LOS ANGELES (AP) — George Tyndall, the former University of Southern California gynecologist charged with sexually assaulting students, has died.Tyndall’s lawyer Leonard Levine said Thursday that Tyndall was found dead in his home Wednesday.Tyndall was charged with sexually assaulting more than a dozen women at the university’s student health center.Tyndall worked at the prominent university for nearly three decades. The allegations against him first surfaced in 2018.His trial had not begun and he was out on bond. He faced 35 criminal counts of alleged sexual misconduct between 2009 and 2016.The university agreed in 2021 to an $852 million settlement with more than 700 women who made accusations against Tyndall.Source

Expanding Big Ten weighs competition, rivalries, TV ratings and road trips to make football schedule

Published Fri, 27 Dec 2024 11:10:07 GMT

Oregon quarterback Bo Nix, right, looks for a receiver against Stanford during the first half of an NCAA college football game, Saturday, Sept. 30, 2023, in Stanford, Calif. (AP Photo/Godofredo A. Vásquez)(AP/Godofredo A. Vásquez) Oregon quarterback Bo Nix, right, looks for a receiver against Stanford during the first half of an NCAA college football game, Saturday, Sept. 30, 2023, in Stanford, Calif. (AP Photo/Godofredo A. Vásquez)(AP/Godofredo A. Vásquez) Weighing competitive balance, traditional rivalries, television ratings and some very long road trips, the Big Ten produced 262 versions of a football schedule to find the one that best fit its soon-to-be 18-team, bicoastal conference.The Big Ten released five ...

George Tyndall, former USC gynecologist charged with sexually assaulting students, found dead in his home, lawyer says

Published Fri, 27 Dec 2024 11:10:07 GMT

LOS ANGELES (AP) — George Tyndall, former USC gynecologist charged with sexually assaulting students, found dead in his home, lawyer says.Source

Kings’ Arthur Kaliyev suspended for first 2 regular-season games for kneeing opponent

Published Fri, 27 Dec 2024 11:10:07 GMT

LOS ANGELES (AP) — Los Angeles right winger Arthur Kaliyev was suspended for four games — two preseason and two regular season — without pay Thursday for kneeing Anaheim’s Chase De Leo.The incident occurred early in the second period during Tuesday’s preseason game in Los Angeles. Kaliyev was assessed a two-minute minor penalty for kneeing.Kaliyev will forfeit $9,314 under the NHL collective bargaining agreement based on his average annual salary. The money goes to the Players’ Emergency Assistance Fund.The 22-year-old had 13 goals and 15 assists for 28 points in 56 games last season. He’s eligible to return for the Oct. 17 game at Winnipeg.___AP NHL: https://apnews.com/hub/nhlSource

Man accused of targeting 2 tourists in Miami Beach in sexual battery, robbery case appears in court

Published Fri, 27 Dec 2024 11:10:07 GMT

A man in Miami Beach was arrested Wednesday after being accused of targeting two tourists in what police described as a sexual battery and robbery case. Thirty-nine-year-old Alejandro Yadir Gongora was charged with two counts of sexual battery with no serious personal injury and two counts of strong-arm robbery.On Thursday, Gongora appeared in court.“So he’s pretending to be a rideshare driver, picks up these two women, robs and assaults them,” Miami-Dade Circuit Judge Mindy Glazer said. “No contact with the victims through social media or other electronic means, and you must stay at least 500 feet away from the victims, their homes, schools and place of employment at all times.”Gongora was given a $30,000 bond.According to Miami Beach Police, on Saturday, the two victims were leaving a club in the Wynwood area when they hailed for a driver to take them back to their hotel in Miami Beach. They believed Gongora was their rideshare driver and entered his ...

Search underway for naked creeper caught on camera prowling Lauderhill neighborhood

Published Fri, 27 Dec 2024 11:10:07 GMT

A pervert is on the prowl after, police said, he entered a patio in a Lauderhill neighborhood, stared through the glass door and began to pleasure himself while nearly fully naked.Surveillance cameras captured the man, seen wearing only a disposable mask, dark sneakers and some kind of dark hood, as he walked up to the back of a house in the Inverrary neighborhood of La Mirage, at around 9 p.m. on Tuesday. He them peered into the window and began touching himself.“What in the world, hold on, what?!” said a resident. “I think he needs to rot in hell.”The homeowner told 7News that he, his wife and young daughter were home at the time, but their little girl had already gone to bedThe man was looking through a glass door leading to the kitchen and living room area.For residents seeing just a screengrab of the nude subject, their reaction was similar.“OK, that is very crazy and very sad that this is happening,” said a woman, “so, yes, something n...

Police arrest 23-year-old man connected to fatal hit-and-run in NW Miami-Dade

Published Fri, 27 Dec 2024 11:10:07 GMT

A 23-year-old man was arrested in connection to a fatal hit-and-run. Carlos Ariel Rodriguez was charged with vehicular homicide, leaving the scene, driving without a license and tampering with evidence after he tried to hide his car’s damage.On June 22, the victim was crossing the street along Northwest 32nd Avenue and 103rd Street back when he was suddenly struck by a speeding driver that failed to stop at a red light before getting away.Rodriguez is being held on a $270,000 bond.

Student and staff evacuated after school bus catches on fire in SW Miami-Dade

Published Fri, 27 Dec 2024 11:10:07 GMT

A school bus caught on fire on a busy South Florida highway.Miami-Dade Fire Rescue arrived at the scene and safely evacuated students and staff that were on board, Thursday afternoon. Video showed one bus stopped along the Turnpike near the ramp to southwest 216th street, as well as a second bus and other vehicles that showed up to pick up the children.No injuries were reported.