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Stock market today: Wall Street ticks higher to reverse some of last week’s losses

Published Mon, 16 Dec 2024 10:44:21 GMT

NEW YORK (AP) — U.S. stocks are ticking higher Monday as Wall Street recovers some of its losses from last week.The S&P 500 was 0.3% higher in midday trading, coming off its first losing week in the last three. The Dow Jones Industrial Average was up 47 points, or 0.1%, at 34,624, as of 11 a.m. Eastern time, and the Nasdaq composite was 0.5% higher.Like last week, some big technology-oriented stocks were leading the way. Tesla jumped 7.1%, Amazon climbed 2.2% and Meta Platforms rose 1.9%. Tech stocks led the market lower last week as yields climbed in the bond market. Higher yields hurt all kinds of stocks, but high-growth stocks tend to be among the hardest hit. Yields rose last week after reports showed the U.S. economy remains stronger than expected, which could be adding more fuel to pressures keeping inflation high.This upcoming week will offer a huge data point for the Federal Reserve, which is weighing whether to keep raising interest rates in its effort to get inflation ...

A decision in Texas AG’s Ken Paxton’s impeachment trial could happen as soon as this week

Published Mon, 16 Dec 2024 10:44:21 GMT

AUSTIN, Texas (AP) — Texas Attorney General Ken Paxton ‘s impeachment trial on abuse of power charges could be in the hands of the jury as soon as this week, the presiding officer said Monday.The second week of the historic proceedings began with testimony from another of Paxton’s former aides who reported him to the FBI in 2020 and accused the Republican of misusing his office to help a donor. Paxton, who has pleaded not guilty, was again not in the Texas Senate for the testimony. The trial may not reach a third week. Republican Lt. Gov. Dan Patrick, who is presiding over the trial, said each side has so far used about half its allotted time for arguments and that the case could go to the jury later this week. Patrick also said there will be no more days off until the trial is resolved, raising the possibility that a decision could come over the weekend. The jury is the Republican-controlled state Senate, where Paxton was once a senator before becoming attorney general ...

WATCH LIVE: AJ Freund DCFS trial begins

Published Mon, 16 Dec 2024 10:44:21 GMT

MCHENRY COUNTY, Ill. — The trial for two former DCFS workers accused of reckless conduct related to the death of 5-year-old AJ Freund in April 2019 began on Monday.Andrew Polovin and Carlos Acosta were taken into custody and charged with two counts of endangering the life of a child and health of a minor and one count reckless conduct back in Sept. 2020.Both pleaded not guilty.Last December, a judge ruled that nearly 20 police reports that Polovin and Acosta allegedly failed to review will be allowed to be used in the trial.The same month Freund was killed, Acosta and Polovin were placed on desk duty and they both left the agency later that year.Carlos Acosta (L) and Andrew Polovin (R)Polovin was Acosta’s supervisor in the months before Andrew “AJ” Freund’s body was found in a shallow grave near his family’s Crystal Lake home in April 2019. Freund was tortured and beaten prior to his death.Documents allege that Polovin and Acosta “knowingly caused or permitted (AJ) … to be placed in...

Two new 9/11 victims identified by New York officials

Published Mon, 16 Dec 2024 10:44:21 GMT

(The Hill) -- The remains of two new victims killed in the 9/11 attacks were identified by New York City officials shortly before the 22nd anniversary of the terrorist attacks.A man and a woman — whose names are being withheld at the request of their families — were identified using advanced DNA technology, officials announced Friday.The positive results came after more than two decades of previous testing and negative results as officials used next-generation sequencing technology, which is also used by the military to identify missing service members.“As we prepare to mark the anniversary of September 11, our thoughts turn to those we lost on that terrible morning and their families who continue to live every day with the pain of missing loved ones,” New York City Mayor Eric Adams said in a statement Friday.“We hope these new identifications can bring some measure of comfort to the families of these victims, and the ongoing efforts by the Office of Chief Medical Examiner [OCME] at...

Smucker's announces deal to acquire Hostess

Published Mon, 16 Dec 2024 10:44:21 GMT

ORRVILLE, Ohio (WKBN) - The J.M. Smucker Company, more commonly known on jelly jars as Smucker's, announced the signing of an agreement Monday to acquire Hostess Brands, Inc., the creator of Twinkies, HoHos and other packaged treats. Smucker's, which makes everything from coffee to peanut butter and jelly, will pay $34.25 per share in cash and stock, and it will also pick up approximately $900 million in net debt.Hostess shareholders will receive $30 in cash and 0.03002 shares of The J.M. Smucker Co. stock for each share of stock that they own.The deal also includes Hostess's manufacturing facilities in Emporia, Kansas; Burlington, Ontario; Chicago; Columbus, Georgia; Indianapolis, and Arkadelphia, Arkansas (which is currently under construction), plus a distribution facility in Edgerton, Kansas.According to Smucker's, about 3,000 employees will join the company in conjunction with the transaction. Smucker's is headquartered in Orrville, Ohio,...

WATCH LIVE: Ken Paxton impeachment trial enters second week

Published Mon, 16 Dec 2024 10:44:21 GMT

AUSTIN (Nexstar) -- Texas' Court of Impeachment reconvened Monday morning for the second week of suspended Attorney General Ken Paxton's trial, leading off with key testimony from one of Paxton's top deputies. PREVIOUS: Texas Republicans weigh in on Paxton impeachment after week one of trial House prosecutors called Mark Penley to the witness stand as their fifth witness of trial. Penley was the deputy attorney general for criminal justice in Paxton's office before Paxton fired him. Penley filed the wrongful termination lawsuit that led directly to Paxton's impeachment, after whistleblowers claimed they were fired for reporting Paxton to the FBI for criminal conduct including bribery and abuse of power.Penley described a concerning relationship Paxton had with Nate Paul, the real estate investor and Paxton campaign donor at the core of the prosecutors' case. Penley testified Paxton pressured him to intervene in a federal investigation facing Paul.Follow live updates from the Ken P...

Miss USA Pageant to air on the CW Sept. 29; 1st live broadcast of the event since 2019

Published Mon, 16 Dec 2024 10:44:21 GMT

RENO, Nev. (KXAN) — This year's Miss USA Pageant is airing on live television for the first time since 2019. The CW Network will be the exclusive home for the 72nd annual event, which will be held in Reno, Nevada, on Friday, Sept. 29, starting at 8 p.m. Eastern Time. The companion pageant Miss Teen USA will also be available to stream on The CW app and online on Sept. 29, with a time to be determined. “I am incredibly excited about the collaboration with The CW for the broadcast of the Miss USA and Miss Teen USA pageants. We are eagerly anticipating the opportunity to present viewers with a modern and progressive approach to a 70-year-old tradition, and we’re looking forward to the moment when this year’s deserving champions are crowned,” said Laylah Rose, president and CEO of the Miss USA & Teen USA Organization.Both events will be held at the Grand Sierra Resort in Reno and will bring together titleholders from each state competing for the titles of Miss USA 2023 and Miss Teen...

Automated 911 call from iPhone alerts authorities of crash that killed Oakdale woman and Woodbury man

Published Mon, 16 Dec 2024 10:44:21 GMT

A Woodbury man and an Oakdale woman were killed and another man was seriously hurt in a single-vehicle crash Saturday morning on Highway 8 in Floodwood, Minn., about 45 miles west of Duluth.Deputies from the St. Louis County Sheriff’s Office responded to the crash around 2:45 a.m. Saturday on the 11500 block of Highway 8 after receiving an “automated 911 call from an iPhone stating that the owner had been in a severe crash,” according to a news release.Deputies found Joseph D. Trowbridge, 23, of Woodbury, and Madison J. Warren, 23, of Oakdale, dead at the scene.The driver, Darren A. Tenney, 23, of New Richmond, Wis., was trapped inside the vehicle in critical condition.Tenney was airlifted to the hospital, where he is in stable condition, authorities said.Alcohol and speed appear to be contributing factors of the crash, which remains under investigation, according to the St. Louis County Sheriff’s Office.Related ArticlesCrime & Public Safety | DOC orders testing...

Glens Falls remembers 9/11, 22 years later

Published Mon, 16 Dec 2024 10:44:21 GMT

GLENS FALLS, N.Y. (NEWS10) - Around 40 people gathered on a rainy Monday morning on May Street in downtown Glens Falls. Members of Glens Falls Fire Department gathered in front of the department's Ridge Street headquarters to remember the lives lost in the terrorist attack on the World Trade Center on Sept. 11, 2001 - as well as those lost to related conditions in the last 22 years. Get the latest news, weather, and sports delivered right to your inbox! "Horror struck our country 22 years ago," said acting Fire Chief Izze Modert. "Even now, it's claiming the lives and disabling so many of our First Responders who were part of that tragedy on that day; Who worked tirelessly on that pile at Ground Zero for so many months, trying to find their lost brother, sister, father, daughter, mother, husband, wife, that was never found. We in the fire service mourn their loss 22 years ago, and still mourn every day we report for duty."Modert was joined by Rev. Dr. Patrick Wrisley, the recently...

New ramen, bubble tea restaurant opens in Latham

Published Mon, 16 Dec 2024 10:44:21 GMT

LATHAM, N.Y. (NEWS10) -- Kobe Ramen and Bubble Tea opened about a month ago in Galleria 7 Market in Latham. The eatery is in the former Charlie's StreetFood space. Get the latest news, weather, and sports delivered right to your inbox! Owner Mark Wang worked at a Japanese restaurant in New York City for almost 20 years before opening his first restaurant, Kobe Hibachi, which is also located in Galleria 7. His second restaurant, OKIPOKI in downtown Albany, closed in June 2023."I learned the ramen techniques and experiences from a Japanese chef," said Wang. "After my neighbor restaurant, Charlie's, left Galleria 7 Market, I decided to extend my brand 'Kobe' and add a second Japanese element." Participants for Downtown Troy Restaurant Week The Kobe Ramen and Bubble Tea menu features different types of ramen including Miso, Black Garlic Shoyu, Tofu Shoyu, Tonkatsu, Beef and Seafood, and different bubble teas and fruit teas. The restaurant also offers a build-your-own ramen option.Ra...