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Stock market today: Wall Street drifts as reports raise hopes for perfect landing for the economy

Published Tue, 05 Nov 2024 13:42:32 GMT

NEW YORK (AP) — Wall Street is drifting Friday after reports showed a strong job market is giving workers bigger raises, but key parts of the economy still don’t look like they’re overheating. The S&P 500 was 0.1% higher in afternoon trading, though it’s still on track for its first losing week in the last 10. The Dow Jones Industrial Average was down 75 points, or 0.2%, as of 12:13 p.m. Eastern time, and the Nasdaq composite was 0.2% higher.Treasury yields swung sharply in the bond market following a set of reports on the economy. They initially climbed after the latest monthly jobs report showed U.S. employers unexpectedly accelerated their hiring last month. Average hourly pay for workers also rose, when economists had been forecasting a dip.Such strong numbers are good news for workers, and they should keep the economy humming. That’s a positive for corporate profits, which are one of the main things that set prices for stocks.But Wall Street’s worry is the...

Greenbrier, Constellation Brands rise; AngioDynamics, Agilon Health fall, Friday, 1/5/2024

Published Tue, 05 Nov 2024 13:42:32 GMT

NEW YORK (AP) — Stocks that are trading heavily or have substantial price changes on Friday:Greenbrier Companies Inc. (GBX), up $2.46 to $46.80.The maker of railroad freight car equipment beat analysts’ first-quarter earnings forecasts.Constellation Brands Inc. (STZ), up $7.27 to $249.60.The owner of U.S. licensing rights to Corona and Modelo beer beat Wall Street’s fiscal third-quarter earnings forecasts.AngioDynamics Inc. (ANGO), down $1.53 to $6.22.The medical device maker trimmed its sales forecast for the year.Agilon Health Inc. (AGL), down $3.93 to $8.15.The senior-focused health care company cut its revenue forecast for the year.Medical Properties Trust Inc. (MPW), down $1.50 to $3.50.The healthcare facilities owner said it will accelerate efforts to recover uncollected rents from tenant Steward Health Care System.Mettler-Toledo International Inc. (MTD), down $4.31 to 1,145.01.The maker of precision instruments said shipping delays hurt earnings during the fourth quarter, but...

NYC subway crews wrestle derailed train back on tracks, as crash disrupts service for second day

Published Tue, 05 Nov 2024 13:42:32 GMT

NEW YORK (AP) — In the cramped confines of a New York City subway tunnel, work crews labored to lift hulking rail cars back onto the tracks after two passenger trains collided and derailed, causing service disruptions that stretched into a second day Friday.The low-speed crash left the trains blocking both the local and express tracks in the northbound direction, which means partial service can only be restored once the derailed train is out of the way, said Janno Lieber, the Metropolitan Transportation Authority chair, at briefing in front of the station Friday morning.However, getting the last of the train’s 10 cars onto the rails is a complicated operation because of the subway tunnel’s low ceiling, said NYC Transit President Richard Davey.“The final car of the passenger train that derailed, there’s no room, right?” Davey said. “This is a tunnel.”Transit workers are “literally lifting it a few inches, shimmying it over, lifting it a few, shimmying it over,” Davey said. “So ...

Daughter of principal wounded in Iowa shooting describes dad as a ‘gentle giant’

Published Tue, 05 Nov 2024 13:42:32 GMT

Local residents pray during a candlelight vigil following a shooting at Perry High School, Thursday, Jan. 4, 2024, in Perry, Iowa. (AP Photo/Charlie Neibergall)(AP/Charlie Neibergall) Local residents pray during a candlelight vigil following a shooting at Perry High School, Thursday, Jan. 4, 2024, in Perry, Iowa. (AP Photo/Charlie Neibergall)(AP/Charlie Neibergall) PERRY, Iowa (AP) — A day after a shooting sent bullets flying inside a small-town Iowa high school, leaving a sixth grader dead and five others wounded, the community of Perry is somber. Yellow crime tape still lined the campus that Perry High School shares with the town’s middle school on the east edge of town, flowers and stuffed toys had cropped up i...

US 287 closed due to 2 crashes, 1 deadly, in Boulder County

Published Tue, 05 Nov 2024 13:42:32 GMT

DENVER (KDVR) -- U.S. Highway 287 was closed in both directions Friday due to two separate crashes in Boulder County, according to Mountain View Fire Rescue. A Larimer County deputy is reportedly involved in one of the crashes. One crash happened just north of Yellowstone Road near mile marker 322, between Longmont and Berthoud. Berthoud Fire says two people have died from the crash.The scene of a crash on US 287 on Jan. 5, 2024. (KDVR)U.S. Highway 287 was closed in both directions Friday due to a major crash. (Mountain View Fire Rescue.)U.S. Highway 287 was closed in both directions Friday due to a major crash. (Mountain View Fire Rescue.)U.S. Highway 287 was closed in both directions Friday due to a major crash. (Mountain View Fire Rescue.)The scene of a crash on US 287 on Jan. 5, 2024. (KDVR)A second crash occurred near Highway 287 and County Road 2. According to Berthoud Fire, a Larimer County Sheriff Deputy was involved in the crash, but there is not a current status of the de...

US Rep. Doug Lamborn announces retirement from Colorado's 5th District

Published Tue, 05 Nov 2024 13:42:32 GMT

DENVER (KDVR) -- Congressman Doug Lamborn announced Friday that he will not seek reelection in Colorado's 5th Congressional District during an interview on the Richard Randall Show.Lamborn has been the representative for Colorado's 5th congressional district since 2007. FOX31 Newsletters: Sign up to get breaking news sent to your inbox "Richard, I will not be running for reelection. I am going to retire at the end of 2024, so the 5th Congressional District seat will be open," Lamborn said in the interview. Lamborn, currently 69 years old, noted that he is "not getting any younger," and said he wants to spend more time with his family. He said he has some ongoing projects and other "vital things" that he will focus on."I won't be doing any politics, I'll be concentrating on legislating so maybe I'll even get more done than before, so this will be a good year, this will be a good strong year," he said.Lamborn said he does not know the details of what is to come in the future.

A man charged with punching a flight attendant also allegedly kicked a police officer in the groin

Published Tue, 05 Nov 2024 13:42:32 GMT

DALLAS (AP) — A man accused of punching a flight attendant later kicked a police officer in the groin and spit on officers who were removing him from the plane in Texas, according to a newly released report by an FBI agent.Keith Edward Fagiana faces charges of interfering with a flight crew and could face up to 20 years in prison if convicted. He is scheduled to make his first federal court appearance Monday in Amarillo, Texas.Fagiana was a passenger on an American Airlines flight Wednesday from Fort Worth, Texas, to Bozeman, Montana. Pilots landed the plane in Amarillo instead.The FBI agent’s account was in unsealed court documents Friday.A flight attendant told the FBI that another passenger complained that Fagiana was violently kicking their seat. The flight attendant said when he asked Fagiana to stop, the man swore at him, punched him in the stomach, then stood up and hit him three more times.The attendant and other passengers subdued the man and put flex cuffs on him until the...

How to claim your slice of a $100 million Verizon settlement

Published Tue, 05 Nov 2024 13:42:32 GMT

New York (CNN) — Some Verizon customers might have found an unexpected surprise in the mail this week: An opportunity to receive a refund as part of a proposed $100 million settlement from a class-action lawsuit.Eligible customers are receiving postcards or emails alerting them to file a claim by April 15 to receive up to $100, which is the result of the lawsuit accusing Verizon of charging fees that were “unfair and not adequately disclosed.”At issue is Verizon’s “administrative charge,” which the plaintiffs said were “misleading” because that fee wasn’t disclosed in their plan’s advertised monthly price and were charged in a “deceptive and unfair manner.”Verizon has denied the claims and said in a statement that it “clearly identifies and describes its wireless consumer admin charge multiple times during the sales transaction, as well as in its marketing, contracts and billing.”A company spokesperson said that the charge “helps our company recover certain regulatory...

German prosecutors launch probe into suspected sabotage of LNG pipeline 

Published Tue, 05 Nov 2024 13:42:32 GMT

German federal prosecutors have opened an investigation into a suspected case of sabotage after small holes were found in a liquefied natural gas pipeline under construction in the north of Germany. Prosecutors have taken over an “investigation into the initial suspicion of anti-constitutional sabotage,” a spokeswoman for the Federal Public Prosecutor General told German public broadcaster NDR.At least three ten-millimeter holes appeared to have been drilled at various places along the 55-kilometer-long pipeline, according to media reports. Gasunie, the company building the pipeline, first reported the holes attributable “to external interference” to police in November. “All defects have been identified and most of them have already been repaired,” Gasunie reported on Thursday. The LNG pipeline is expected to be operational in February, several weeks after its planned start. “We are expecting everything to be leak-proof because we...

Former Tory energy minister quits as MP over Sunak’s ‘harmful’ push for new oil and gas

Published Tue, 05 Nov 2024 13:42:32 GMT

The former energy minister who signed the U.K.’s 2050 net zero target into law has quit the Conservative party and will resign as an MP in protest at Rishi Sunak’s fossil fuels policies.Chris Skidmore, who has been an outspoken critic of the U.K. Prime Minister’s plans to “max out” the U.K.’s North oil and gas reserves, said he could “no longer condone nor continue to support a government that is committed to a course of action that I know will cause future harm.”His resignation as an MP will trigger a by-election in Skidmore’s Kingswood constituency in the south west of England, where the Conservative majority is 11,220. The seat was last won by Labour in 2005.In a statement on social media, Skidmore said he could not back government plans to introduce annual licensing rounds for oil and gas exploration in the North Sea. MPs will vote on the legislation for the first time on Monday. Skidmore warned “the future will judge harshly” those that back it. “At a time when we sh...