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Stock market today: Stocks rise and bond yields jump after the latest signs of resilient economy

Published Fri, 07 Feb 2025 18:29:13 GMT

NEW YORK (AP) — Wall Street is ticking higher Thursday as investors consider both the upsides and downsides of the latest signals that the U.S. economy remains stronger than feared.The S&P 500 was 0.4% higher in midday trading after wobbling between small gains and losses. The Dow Jones Industrial Average was up 246 points, or 0.7%, at 34,098 as of 12:19 p.m. Eastern time, and the Nasdaq composite was up by less than 0.1%.Yields were jumping in the bond market after data showed the U.S. economy grew at a 2% annual rate in the first three months of the year, much stronger than the 1.3% rate earlier estimated. Another report said fewer workers applied for unemployment benefits last week than expected, a sign that the job market remains remarkably solid despite much higher interest rates meant to slow the overall economy.“The US economy is currently displaying genuine signs of resilience,” said Gregory Daco, chief economist at EY. “This is leading many to rightly question whether t...

Mexico acknowledges 112 heat-related deaths so far this year, almost triple the figures in 2022

Published Fri, 07 Feb 2025 18:29:13 GMT

MEXICO CITY (AP) — Mexican health authorities say there have been at least 112 heat-related deaths so far this year, acknowledging for the first time the deadliness of a recent heatwave that the president previously dismissed as an invention of alarmist journalists.The report, released late Wednesday, also shows a significant spike in heat-related fatalities in the last two weeks. So far this year, the overall heat-related deaths are almost triple the figures in 2022.The Health Department normally issues a report on heat-related fatalities each week, but in June — at the height of the heat wave — it skipped a week, for reasons that remain unclear.The deaths reached a peak in the week of June 18-24, with 69 deaths in one week nationwide, an unprecedented number. Temperatures in some parts of Mexico have risen to over 105 degrees Fahrenheit (40 degrees Celsius) in recent weeks.The week of June 11-17 was also unusually bad, with 31 deaths across the country. So far this year, the large...

Do your math before using credit card loyalty points toward mortgages

Published Fri, 07 Feb 2025 18:29:13 GMT

TORONTO — Canadians looking for a little extra help on mortgage payments may be surprised to learn about one possibility: loyalty points.Some banks, including Royal Bank of Canada and Canadian Imperial Bank of Commerce, allow customers to use credit card points toward paying down their mortgage.While it would take a massive number of points to cover off an entire mortgage, experts say the option is likely more attractive to borrowers at a time when interest rates have risen sharply and homeowners are on the hook for higher payments.“People are trying to get creative in how to make ends meet,” said Natasha Macmillan, business director of everyday banking at Ratehub.ca, a mortgage, banking and insurance comparison website.She foresees people looking more closely at how they can use their points to offset all kinds of bills. Travel rewards, she said, could fall by the wayside as people seek cashback opportunities to support everyday expenses.Macmillan said she doesn’t...

NASCAR race not filling Chicago hotels

Published Fri, 07 Feb 2025 18:29:13 GMT

CHICAGO — Kyle Busch is no Taylor Swift.While the singing sensation is credited with helping to fill nearly 97% of Chicago hotel rooms during her June concerts at Soldier Field, there are still plenty of rooms available – at relatively low prices – during this weekend’s NASCAR street race.The Hilton Chicago, which overlooks the race route in Grant Park, has rooms available for $278 per night this weekend.  The high-end JW Marriott in the Loop is offering rooms at $365 per night and the swanky Four Seasons is offering accommodations for $700.  None of the prices are off-the-charts for a Chicago summer weekend.“We are hearing that occupancy overall is pretty strong as a result of both NASCAR and the USA Volleyball National Championships taking place at McCormick Place,” Illinois Hotel and Lodging Association CEO Michael Jacobson told WGN via email. “That said, there are definitely still rooms available and deals to be found.” Previous Coverage: Taylor Swift concerts led to...

62-year-old man critical after Gresham shooting

Published Fri, 07 Feb 2025 18:29:13 GMT

CHICAGO — A man is in critical condition after he was shot Thursday morning in Gresham.At around 9:15 a.m., police said the 62-year-old man was outside in the 1500 block of West 87th Street. At some point, he heard shots and sustained a wound to his back.He was transported to Christ Hospital in critical condition. Man stabbed to death in Irving Park No one is in custody.

Fire breaks out at flagship Tiffany & Co. store in NYC

Published Fri, 07 Feb 2025 18:29:13 GMT

MIDTOWN, Manhattan (WPIX) – A fire broke out at the Tiffany & Co. Landmark store in New York City on Thursday.Thick, black smoke billowed from the Fifth Avenue shop in Midtown Manhattan, as seen in photos and videos posted to social media on Thursday morning. 16 states, DC currently under poor air quality alerts Firefighters with the FDNY arrived on the scene shortly after the fire broke out around 9:40 a.m. The cause remains unclear and there was no immediate word on whether anyone was injured.The Landmark store, Tiffany & Co's New York City flagship, reopened to the public in April after undergoing a major renovation. The project took nearly four years to complete, Reuters reported.This is a developing story. Please check back for updates.

Traveler hits $1.3M jackpot at Las Vegas airport slot machine: 'That's one way to end a vacation'

Published Fri, 07 Feb 2025 18:29:13 GMT

LAS VEGAS (KLAS) — A lucky traveler won more than $1.3 million on a slot machine while gambling at Nevada's Harry Reid International Airport, airport officials said."Congratulations! You won the jackpot!" the slot machine notified the player, as seen in a video shared to Twitter on Tuesday afternoon. The jackpot, according to the machine's readout, totaled $1,330,133.04.Officials with Harry Reid International Airport later confirmed the $1.3 million haul on Twitter, notifying followers that a lucky player "cashed in BIG at LAS."The big win came at a "Wheel of Fortune"-themed slot machine in the Terminal 1 Esplanade. Officials did not give any information about the identity of the new millionaire but did imply that the winner was on their way home from a trip to Las Vegas before hitting the jackpot."That’s one way to end a vacation — as a MILLIONAIRE," the airport tweeted. Man posing as Las Vegas hotel owner steals more than $1M in casino con job: police The airport winner isn...

Watch live: Biden delivers remarks on Supreme Court’s affirmative action decision

Published Fri, 07 Feb 2025 18:29:13 GMT

President Biden on Thursday afternoon is slated to deliver remarks on the Supreme Court's decision to severely limit the use of race as a factor in college admissions.The ruling upends decades of affirmative action programs that U.S. institutions have used to select students from their applicant pools.In rulings that broke along ideological lines, the court’s six conservative justices ruled Harvard’s and the University of North Carolina at Chapel Hill’s admissions practices did not comply with the 14th Amendment’s guarantee of equal protection.Biden's remarks are scheduled to begin at 12:30 p.m ET.Watch the live video above.

What to know about fireworks use in Travis County this 4th of July

Published Fri, 07 Feb 2025 18:29:13 GMT

Editor's Note: The video above shows KXAN News Today’s top headlines for June 29, 2023.TRAVIS COUNTY, Texas (KXAN) — Ahead of the Fourth of July celebrations and festivities next week, Travis County leaders are cautioning residents on the dangers of fireworks and informing them of the city ordinances in place barring personal use of them.The Travis County Department of Emergency Services and the Office of the Fire Marshal each recommended residents attend professional fireworks shows as opposed to purchasing at-home-use fireworks and sparklers. "While fireworks are an emblem of July Fourth celebrations, we strongly encourage residents to find safe and creative alternatives for celebrating the holiday. Fireworks are simply too dangerous and unpredictable to be used safely by consumers,” Travis County Fire Marshal Tony Callaway said in the release. “Our message is simple — leave the fireworks to the professionals. Even Sparklers, often considered harmless enough for children, burn as ...

Here’s a list of Minnesotans taken in the 2023 NHL Draft

Published Fri, 07 Feb 2025 18:29:13 GMT

NASHVILLE, Tenn. — It’s called the State of Hockey for a reason.From the Twin Cities to the Iron Range, and seemingly everywhere in between, most kids in Minnesota grow up on skates.It’s helped Minnesota produce the most active players in the NHL by a wide margin, with only Michigan, Massachusetts and New York producing anything close leaguewide.Here’s a list of all the Minnesotans taken in the 2023 draft:— Oliver Moore (Mounds View), No. 19 (first round), Chicago Blackhawks— Charlie Stramel (Rosemount), No. 21 (first round), Minnesota Wild— Danny Nelson (Maple Grove), No. 49 (second round), New York Islanders— Gracyn Sawchyn (Chaska), No. 63 (second round), Florida Panthers— William Whitelaw (Rosemount) No. 66 (third round), Columbus Blue Jackets— Tanner Ludtke (Elko), No. 81 (third round), Arizona Coyotes— Jayson Shaugabay (Warroad), No. 1115 (fourth round), Tampa Bay Lightning— Hampton Slukynsky (Warroad), No. 118 (fourth round), Los Angeles KingsRelated Article...