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Stock market today: Wall Street ticks higher and adds to its big rally following profit reports

Published Fri, 07 Feb 2025 10:53:55 GMT

NEW YORK (AP) — Stocks are ticking higher Wednesday, adding to the strong run that has pulled Wall Street to its highest levels in more than 15 months.The S&P 500 was 0.3% higher in midday trading, coming off its highest closing level since early April 2022. The Dow Jones Industrial Average was up 129 points, or 0.4%, at 35,081, as of 11:25 a.m. Eastern time, and the Nasdaq composite was 0.4% higher.Elevance Health was helping to lead the market after it climbed 5% The insurance provider reported stronger profit and revenue for the spring than analysts expected, while raising its forecast for earnings over the full year. Stocks also broadly got a boost from easing pressure from the bond market. Yields there were holding steady or falling after a report showed U.K. inflation cooled by more than expected. It eased to 7.9% in June, a 15-month low. The U.K. data follows encouraging U.S. reports that have raised hope inflation is moderating enough to convince the Federal Reserve to h...

Five European countries will extend ban on Ukraine’s grain but let it head to other places

Published Fri, 07 Feb 2025 10:53:55 GMT

WARSAW, Poland (AP) — Five European Union countries will extend their ban on Ukrainian grain imports to protect their farmers’ interests, their agriculture ministers said Wednesday, but food can still move through their land to parts of the world in need after Russia pulled out of a deal safeguarding Black Sea shipments.The ministers of Poland, Slovakia, Hungary, Romania and Bulgaria signed a joint declaration ahead of EU discussions on the matter planned next week in Brussels. The declaration said they support continuing to allow Ukraine’s grain to move through their borders by road, rail and river to destinations where it is needed but will keep the import ban to their countries through 2023.“This coalition is not against anyone, not against Ukraine or the EU, it is in the interest of our farmers,” Polish Agriculture Minister Robert Telus said after meeting with his counterparts in Warsaw, where they decided to push the ban beyond a Sept. 15 deadline.Except for Bulgaria, all...

Cleveland Browns release defensive tackle Perrion Winfrey following spate of off-field problems

Published Fri, 07 Feb 2025 10:53:55 GMT

CLEVELAND (AP) — Defensive tackle Perrion Winfrey was cut by the Cleveland Browns on Wednesday after police opened an investigation into him being involved in a robbery.The team made the move just days before training camp is scheduled to begin, ending Winfrey’s troubled tenure with the Browns, who selected him in the fourth round last year from Oklahoma.Cleveland police spokesperson Sgt. Jennifer Ciaccia said its law department is processing a report on Winfrey, who is listed as a “suspect in an aggravated robbery incident.” There were no other details at the time.Winfrey, 22, was previously arrested in April after he allegedly caused “bodily injury” during an argument with a woman he was dating in Texas. The charge was dropped after Winfrey completed a pretrial diversion program.Winfrey’s agent wasn’t immediately able to be reached.Winfrey had a rough rookie season with Cleveland. He played in 13 games and recorded 22 tackles while also dealing with some immaturi...

B.C. port strike ruled ‘illegal’, labour minister says

Published Fri, 07 Feb 2025 10:53:55 GMT

Federal Labour Minister Seamus O’Regan says the resumption of a strike at B.C.’s ports is “illegal.”In a tweet Wednesday morning, O’Regan said the Canada Industrial Relations Board (CIRB) ruled that International Longshore and Warehouse Union Canada “cease and desist” from taking part in strike action “because the union did not provide 72 hours notice.”​​​​​​​​​​​​​​​​​​​​#listen-box {box-shadow: 0 0 0 0 rgba(0, 0, 0, 1);animation: pulse 2s infinite;​​​​​​​margin:20px;​​​​​​​padding:15px;​​​​​​​}@keyframes pulse { 0% { box-shadow: 0 0 0 0 rgba(0, 157, 79, 0.7); } 70% { box-shadow: 0 0 0 10px rgba(0, 157, 79, 0); } 100% { box-shadow: 0 0 0 0 rgba(0, 157, 79, 0); }}Listen to CityNews 1130 LIVE now!He provided a copy of the ruling from the CIRB, which shows the board “received an application from the British Columbia Maritime Employers Association (BCMEA), seeking a declaration of unlawfu...

S&P/TSX composite up on broad strength in mid-morning trading, U.S. markets also rise

Published Fri, 07 Feb 2025 10:53:55 GMT

TORONTO — Broad-based strength among Canadian equities helped lift Canada’s main stock index mid-morning Wednesday, while U.S. markets also rose. The S&P/TSX composite index was up 86.34 points at 20,462.91.In New York, the Dow Jones industrial average was up 133.00 points at 35,084.93.The S&P 500 index was up 13.61 points at 4,568.59, while the Nasdaq composite was up 61.43 points at 14,415.07.The Canadian dollar traded for 75.95 cents UScompared with 75.82 cents US on Tuesday.The September crude oil contract was up 53 cents at US$76.19 per barrel and the August natural gas contract was up less than a penny at US$2.64 per mmBTU.The August gold contract was down US$2.00 at US$1,978.80 an ounce and the September copper contract was down three cents at US$3.80 a pound.This report by The Canadian Press was first published July 19, 2023.Companies in this story: (TSX:GSPTSE, TSX:CADUSD)The Canadian Press

‘I had no idea’: Brampton homeowner shocked to learn his basement advertised for rent

Published Fri, 07 Feb 2025 10:53:55 GMT

Our Speakers Corner takes us to Brampton where one homeowner was shocked to find out the basement of his home was being advertised online for rent. Even worse, at least one potential tenant is out nearly $1,200.Don Cunningham is now forced to post a sign on the garage of the Brampton home he’s owned for decades. That sign warns people that there is no basement to rent.“I had to put this up because people keep visiting my home asking about a rental that I had no idea was even being advertised,” Cunningham said.It all started in the beginning of June when a woman knocked on his door.“She came up to me and said ‘I understand you have a basement apartment for rent.’ I said ‘not at this place.'”But those who responded to an ad on Kijiji said his address was given out by a person advertising a basement for rent. Cunningham had not seen it until CityNews showed it to him. Photos show a very nice, newly updated basement for $1,150.“My basement isn’t even finished so ...

Greta Van Fleet return with ‘Starcatcher,’ an album they say ‘represents boys becoming men’

Published Fri, 07 Feb 2025 10:53:55 GMT

NEW YORK (AP) — Greta Van Fleet’s new album lists 10 tracks but it’s really 9 1/2. Halfway through, there’s a song fragment that runs barely past a minute. It’s like a nugget of distilled Greta Van Fleet.“Runway Blues” has the bluster of the Rolling Stones, the driving force of Led Zeppelin, a dash of Humble Pie and some John Lennon solo work. It was captured spontaneously as the band came back from dinner and just started jamming.“We just had a bit too much wine and I just sort of cracked into a riff and everybody kind of jumped on instruments,” says guitarist Jake Kiszka. “It’s really basic and it’s just a great example of what can be accomplished with pure attitude.”The quartet show plenty of rock star attitude on “Starcatcher,” the Michigan-bred rockers’ third album. Their early sound and classic rock look was reminiscent of Zeppelin but has grown artistically, moving into prog and psychedelic rock.“’Starcatcher’ represents boys becoming men in a wa...

3 critical after being shot multiple times on South Side

Published Fri, 07 Feb 2025 10:53:55 GMT

CHICAGO — At least three people are in critical condition after being shot multiple times on the city's South Side.The shooting happened just before 9 a.m. Wednesday in the 7600 block of South Michigan Avenue in the Greater Grand Crossing neighborhood.According to police, three people — two women and a man — suffered multiple gunshot wounds and were transported to a hospital in critical condition.Circumstances surrounding the shooting are unclear at this time.No further information has been provided by authorities.This is a developing story. Check back for details.

Man dies from punching window of suburban bar after getting kicked out

Published Fri, 07 Feb 2025 10:53:55 GMT

BEACH PARK, Ill. — A man died early Monday due to punching the window of a bar after getting kicked out.At around 2 a.m., authorities responded to a bar in the 37800 block of North Sheridan Road, located in Beach Park, on the report of a injured person.Following a preliminary investigation, authorities believe Jonathan Banks, 32, of Chicago, got into a verbal altercation with another person at the bar and was escorted out by security.After being escorted outside, authorities said Banks punched his fist through a window of the bar. 3 seriously injured in rollover crash on South Side He sustained a severe laceration to his arm and was transported to Vista Medical Center East in critical condition.Banks died at the hospital. The coroner's office ruled his death was self-inflicted by sharp force injuries.

Buda wildfire 90% contained after burning 50+ acres

Published Fri, 07 Feb 2025 10:53:55 GMT

Editor's note: The above video is from KXAN's coverage of the fire on Tuesday, July 18, 2023. Read below for the most up-to-date information. HAYS COUNTY, Texas (KXAN) — Multiple first responders were called to assist with a wildfire in the Ruby Ranch subdivision in west Buda near Montgomery Court on Tuesday, the Hays County Office of Emergency Management (HCOEM) said on social media.Officials said the fire started after a homeowner was cutting something with a saw and sparks caught the grass on fire. According to a Wednesday morning update time-stamped 9:34 a.m. from the Texas A&M Forest Service, the fire was 90% contained and had burned 53.8 acres. Hays County officials said in an updated social media post Wednesday morning there are still "quite a few hotspots," but that overnight operations went well. Community emergency response team volunteers will be on the scene beginning at noon to provide firefighter rehab. Officials said at least 17 structures were saved because of fi...