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Wall Street ends lower after data suggests economy slowing

Published Tue, 24 Dec 2024 02:57:27 GMT

NEW YORK (AP) — Stocks fell on Wall Street Tuesday following a pair of weaker-than-expected economic reports. The S&P 500 and Dow Jones Industrial Average fell 0.6% and the Nasdaq composite lost a similar amount. The reports on job openings and factory orders may have reinforced forecasts that a recession could hit the economy. They could have a potential upside for markets if they give the Federal Reserve a reason to hold rates steady at its next meeting in May, instead of hiking them as it has for the last year. Treasury yields fell following the reports.THIS IS A BREAKING NEWS UPDATE. AP’s earlier story appears below. Stocks are falling on Wall Street Tuesday after two reports on the economy came in weaker than expected. The S&P 500 was 0.7% lower in afternoon trading. The Dow Jones Industrial Average was down by 237 points, or 0.7%, at 33,360, as of 1:44 p.m. Eastern time, while the Nasdaq composite was 0.6% lower. Investors are still split on whether the U.S. econ...

Kura Sushi: Fiscal Q2 Earnings Snapshot

Published Tue, 24 Dec 2024 02:57:27 GMT

IRVINE, Calif. (AP) — IRVINE, Calif. (AP) — Kura Sushi USA, Inc. (KRUS) on Tuesday reported a loss of $1 million in its fiscal second quarter.On a per-share basis, the Irvine, California-based company said it had a loss of 10 cents.The company posted revenue of $43.9 million in the period.Kura Sushi expects full-year revenue in the range of $185 million to $188 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KRUS at https://www.zacks.com/ap/KRUSSource

Former President Trump pleads not guilty to 34 felony charges

Published Tue, 24 Dec 2024 02:57:27 GMT

NEW YORK (NEXSTAR) — Former President Donald Trump entered a not guilty plea on 34 felony charges of falsifying business records after surrendering to authorities at a Manhattan courthouse Tuesday.The former president appeared stone-faced in still photos from inside the courtroom as he sat next to his defense attorneys. See the indictment: Here’s what Trump is charged with He entered the plea around 2:30 p.m. Tuesday during the arraignment in a lower Manhattan courtroom as prosecutors unsealed a grand jury indictment. Trump spoke briefly during the hearing, telling the judge he was pleading “not guilty” to 34 felony counts of falsifying business records and he was advised of his rights. Trump stayed mostly still, his hands steepled or interlaced, and looked ahead during the proceedings that lasted just over an hour.“Thirty-four false statements made to cover up other crimes,” Manhattan District Attorney Alvin Bragg said at a press conference after the arraignment. “These are felo...

Child sex abuse law challenged before Colorado Supreme Court

Published Tue, 24 Dec 2024 02:57:27 GMT

DENVER (AP) — When Angelica Saupe was 20, she went to police to report that she was sexually abused by her high school basketball coach as a teen but said she was wrongly told that it was too late to pursue criminal charges against him.She got another chance to pursue her claim last year after state lawmakers allowed childhood victims of sexual assault to sue their alleged abusers and employers. But now, the Colorado Supreme Court is considering whether the law violates the state constitution. Colorado homes are getting smaller and more expensive The court's justices heard arguments Tuesday from a lawyer representing Saupe as well as Aurora Public Schools, which Saupe sued under a law that took effect last year that opened up a three-year window for people to pursue litigation for sexual abuse they suffered as children dating as far back as 1960. The law is part of a national effort to make it easier for victims to seek justice later in life after they have had time to come to ter...

Denver mayor's race centers on crime, housing, homelessness

Published Tue, 24 Dec 2024 02:57:27 GMT

DENVER (AP) — As Denver faces a rising crime rate, growing homeless encampments and dizzying housing costs, voters on Tuesday are expected to whittle down an unusually large and divergent field of 16 candidates for mayor — including a former boxer, an investment banker, a state lawmaker and a former Crenshaw Mafia Gang member.The fear that undergirds the wide-open race is clear. Denver — the fast-growing, relatively young, business and tech hub of the U.S. Mountain West — is tumbling toward a fate similar to that of other major cities.“The San Franciscos or the Portlands or Seattles ... have not been able to turn the tide on things like homelessness and affordable housing and public safety,” said candidate Mike Johnston during a recent debate. Denver Election Results 2023: Results go live starting at 7 p.m. Johnston, a former state senator, is among candidates seeking the political post as Denver’s CEO, a position that has become a stepping stone for ambitious politicians.Former M...

Loveland WWII bomber pilot named Hero of the Month

Published Tue, 24 Dec 2024 02:57:27 GMT

LOVELAND, Colo. (KDVR) – You can tell how much David Landers thinks about World War II by his book shelf. It’s overstuffed with scrapbooks, filled with photographs and memories from his time at war.“I knew flying is what I wanted to do,” Landers, 100, told FOX31.At age 19, he left his Wyoming home and headed off to war, joining the Army Air Corps. Soon, he found himself behind the controls of a B-25 bomber, piloting a dozen bombing runs over the Pacific while stationed in Okinawa, preparing for a possible invasion of Japan. Thankfully he wasn’t injured.“All we got was bullet holes in our plane,” he said. Greeley woman who served in WWII named Hero of the Month When the war ended days after two nuclear bombs were dropped over Japan in 1945, Landers soon was headed back home, though with some regrets.“I should’ve stayed in the Army, but I didn’t.”He also wished he’d kept flying. He never flew a plane again after the war, though he wishes he had.“But my wife didn’t think so,” he joke...

Colorado homes are getting smaller and more expensive

Published Tue, 24 Dec 2024 02:57:27 GMT

DENVER (KDVR) -- Colorado housing development is not only getting denser - homes are shrinking, as well, despite costing more than ever.The Centennial State's growing population over the last decade stressed the housing market as the number of units being built failed to meet demand. Prices exploded as deep-pocketed investors, buyers and renters moved in and less wealthy residents were pushed out. ‘Meth contaminated’ condo in Denver could be yours for $252,000 Across the state, local and state elected officials have promoted a vision of a more tightly packed and highly stacked population to bring housing prices back down toward Earth. Since 2016, the housing market has already naturally led to smaller Colorado homes. The St. Louis Fed tracks the median home size in Colorado by square foot since 2016. Homes were largest in July 2016 and June 2017 - between 2,530 and 2,570 square feet. Since mid-2017, home size has been reduced. By February 2022, the median size for a Colorado home ...

Police searching for missing 16-year-old from Deerfield Beach

Published Tue, 24 Dec 2024 02:57:27 GMT

Police need the public’s help in locating a missing teen in Deerfield Beach.Kyle Andrews was last seen early Tuesday morning on Southwest 15th Street and Ninth Avenue.The 16-year-old is described as standing 5 feet, 8 inches tall and weighing 150 pounds.He has black hair and brown eyes and was last seen wearing a gray jacket, black pants and gray shoes.If you have any information, please call 954-764-HELP.

Families left with nothing, asking for community’s help after fire at Sunrise townhouse complex

Published Tue, 24 Dec 2024 02:57:27 GMT

A fire that broke out at a South Florida townhouse complex Monday has left multiple families without a place to live, and now they are asking for the public’s help. Construction crews were seen Tuesday boarding up the townhouses, as the families that were affected went through their belongings. Eighteen adults and six children are now without a home. Juliette Assam lived in one of the eight townhouses that were affected, she was working when she saw flames coming through her glass door.“I don’t know what’s going to happen right now,” said Assam, who is a single mother of two. “When I looked, the fire was coming from the outside area, and I have a hose back there, so I went to pick up the hose and something popped back there,” said Assam. She attempted to put out the fire with no luck. “It was so hot and blazing. I panicked, I was trembling, I didn’t know what to do, I didn’t even think of taking anything,” said Assam...

South Florida organization serves Holocaust survivors with Passover meals

Published Tue, 24 Dec 2024 02:57:27 GMT

On this Holy Week, a special delivery of kosher meals for Holocaust survivors ahead of Passover.“Thank you so much,” said Adele. “It’s my favorite holiday, with the candles and the people, and everybody’s loving each other.”Ninety-three-year-old Adele was gifted a passover basket by the Goodman Jewish Family Services of Broward County.“They always bring the best things, and I love the food,” said Adele.Included in the meal package is a full seder meal and more.“The meaning of passover is when Jews escaped Egypt and escaped slavery,” said Randy Colman, president and CEO of Goodman Jewish Family Services of Broward County, “and while Adele’s story is different, she escaped other atrocities, being in Poland and Russia and all the survivors who we really celebrate and embrace everyday.”Adele was born in Poland in the 1930s. The war would begin when she was only 9.“A lot of bad things happened,” said Adele, “but thank God, we ca...