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Stock market today: Wall Street drops following profit reports, and oil prices jump on war worries

Published Fri, 27 Dec 2024 12:34:49 GMT

NEW YORK (AP) — Wall Street dropped Wednesday after big U.S. companies delivered a mixed set of profit reports and rising Treasury yields tightened the vise further on the stock market. Worries about war in the Middle East also dragged on the market.The S&P 500 was 1.1% lower in late trading. The Dow Jones Industrial Average was down 240 points, or 0.7%, as of 3 p.m. Eastern time, and the Nasdaq composite was 1.4% lower.Crude oil prices jumped sharply overnight following a deadly explosion at a hospital in the Gaza Strip, which sparked protests across the Middle East. But oil prices pared their gains as the day progressed. Gold, meanwhile, rose as investors continue to look for safer investments following the Oct. 7 surprise attack on Israel by Hamas.On Wall Street, United Airlines slumped 9.4% after it showed how big a hit to profits it may take because of surging fuel prices and the suspension of flights to Tel Aviv. It gave a profit forecast for the last three months of the y...

President Biden wraps up his visit to wartime Israel with a warning against being ‘consumed’ by rage

Published Fri, 27 Dec 2024 12:34:49 GMT

TEL AVIV, Israel (AP) — President Joe Biden swept into wartime Israel for an 7 1/2–hour visit Wednesday that produced a heaping dose of support for the Israeli people, a deal to get limited humanitarian aid into Gaza from Egypt and a warning not to allow rage over the deadly Hamas attack to consume them. “I understand. Many Americans understand,” Biden said as he wrapped up his stay in Tel Aviv, likening the Oct. 7 Hamas attack to the Sept. 11, 2001, terrorist strikes in the United States that killed nearly 3,000 people. “You can’t look at what has happened here … and not scream out for justice,” he said. “But I caution this: While you feel that rage, don’t be consumed by it.” Biden urged Israel to step back from the brink, not just to ease growing tensions in the Mideast that threaten to spiral into a broader regional conflict, but also to reassure a world rattled by images of carnage and suffering, in Israel and Gaza alike. One million people have been disp...

What are the signs of burnout in young athletes?

Published Fri, 27 Dec 2024 12:34:49 GMT

Burnout: It’s something many people experience and for athletes who are focused on being the best at their sport, it is common. While this includes professional adult athletes, it is also prevalent among child athletes.Dr. Keyur Desai, a primary care sports medicine physician at Children’s National, said fatigue, a lack of desire to not participate in a sport they’ve loved, as well as new stress and anxiety toward achieving goals are among the signs of burnout.“A lot of the same things when we talk about feeling burned out at work apply to athletes, in their sport as well,” he said.For parents, he said, knowing your child and what is uncharacteristic for them can help you spot burnout as it sets in. You may notice your child randomly deciding not to participate in the sport.“Or is there something more severe going on, you know, they had a big injury, and now they’ve completely detached from their social network and they’re having symptoms of a kind of loneliness and depression...

Arizona QB Kyler Murray activated from PUP list, returns to practice

Published Fri, 27 Dec 2024 12:34:49 GMT

TEMPE, Ariz. (AP) — Arizona Cardinals quarterback Kyler Murray — almost always a man of few words — announced the next step in his return from an ACL injury with a two-word statement.“Practicing today,” Murray posted on social media. A few minutes later on Wednesday, the Cardinals made if official, announcing that Murray has been designated to return from the physically unable to perform (PUP) list. Arizona can activate Murray to the 53-man roster at any time during the next 21 days or at the conclusion of the three-week period. Murray got hurt against the New England Patriots on Dec. 12 — a little more than 10 months ago. He was flushed out of the pocket and running to his right when he tried to fake out a defender, but tumbled to the grass in obvious pain.The quarterback has been relatively quiet about his recovery, occasionally posting pictures on social media. It’s been the first significant injury setback for Murray, who was a Texas high school phenom, Heisman Trophy winn...

Do Denver businesses have to accept cash?

Published Fri, 27 Dec 2024 12:34:49 GMT

DENVER (KDVR) -- Sometimes it seems like the digital age has completely taken over and that the $20 bill in your wallet is all but useless at the checkout line.Well, in Colorado, you don't have to worry about that, at least in most situations. This is because businesses across the state are not allowed to refuse cash as payment. What rights do renters have in Colorado? This wasn't always the case. In 2021, Colorado passed a law that required retail businesses to accept cash or face a fine.Specifically, if a business breaks the law, it can be punished by a fine of up to $250 per offense.ExceptionsAs with most laws, there are a few exceptions to keep in mind.For one, it only applies to businesses that have someone who accepts payment in person. So, if it's all through a machine and there are no people that can accept payment, they can refuse cash.Also, if a business has a device to transfer cash into a prepaid card, it can also refuse to accept cash. However, the device can't charge...

Israel will let Egypt deliver some aid to Gaza, as doctors struggle to treat hospital blast victims

Published Fri, 27 Dec 2024 12:34:49 GMT

KHAN YOUNIS, Gaza Strip (AP) — Israel said Wednesday that it will allow Egypt to deliver limited quantities of humanitarian aid to the Gaza Strip, the first crack in a 10-day siege on the territory. A massive blast at a Gaza City hospital that killed hundreds the day before put immense strain on Gaza doctors treating the wounded as medical supplies ran out.The announcement to allow water, food and other supplies came as rage over Tuesday night’s blast at al-Ahli Hospital spread across the Middle East, and just as U.S. President Joe Biden visited Israel in hopes of preventing a wider conflict in the region.There were conflicting claims of who was responsible for the explosion. Hamas officials in Gaza quickly blamed an Israeli airstrike, saying nearly 500 were killed. Israel denied it was involved and released a flurry of video, audio and other information that it said showed the blast was instead due to a rocket misfire by Islamic Jihad, another militant group operating in Gaza. Isla...

3 injured after vessel sinks near Black Point Marina

Published Fri, 27 Dec 2024 12:34:49 GMT

A vessel that sank off of Black Point Marina prompted a quick response by rescue crews.Miami-Dade Fire Rescue arrived at the scene after receiving reports of people who on board the sinking vessel, Wednesday afternoon.Several good Samaritans in the area assisted the victims that ended up in the water. 7Skyforce hovered over the scene where rescue crews pulled a person from the water that was holding onto a cooler and lifted him onto their vessel.According to MDFR, two people were airlifted to the hospital as trauma alerts. The condition of the third person remains unknown at this time. Please check back on WSVN.com and 7News for more details on this developing story.

Family of 5 displaced after fire destroys house in Fort Lauderdale; woman hospitalized

Published Fri, 27 Dec 2024 12:34:49 GMT

A family of five are displaced after their home went up in flames in Fort Lauderdale. Ring surveillance video captured e victims’ panicked voices as flames engulfing the house, early Wednesday morning.“It was chaos. It was literally, like, the kids were screaming,” said one neighbor.According to Fort Lauderdale Fire Rescue, the blaze erupted around 5:30 a.m. in the area of Northwest 17th Street and 31st Avenue.Several fire crews were on the scene as they worked to control the flames. “Crews were met with heavy smoke and fire showing from the entire front of the building,” said Garrett Pingol with Fort Lauderdale Fire Rescue. According to fire officials, five people, including three children, were inside the house at the time of the fire. One woman was trapped and needed assistance being removed from the home, while the other four people exited the burning structure safely. The female victim was transported to the hospital with some injuries. Family mem...

Prosecutors won’t charge ex-UFC champ Conor McGregor with sexual assault after NBA Finals incident

Published Fri, 27 Dec 2024 12:34:49 GMT

MIAMI (AP) — Former UFC champion Conor McGregor will not face sexual assault charges following an investigation of allegations that surfaced during the NBA Finals last June in Miami, his lawyer, police and prosecutors said Wednesday.The probe examined claims by a woman that McGregor assaulted her in an arena bathroom after Game 4 of the NBA Finals between the Miami Heat and the Denver Nuggets.“After a thorough investigation, including a review of videos and interviews with eyewitnesses, the authorities have concluded that there is no case to pursue against my client, Conor McGregor,” attorney Barbara Llanes said in an email.“As anticipated, this decision by the authorities confirms Mr. McGregor’s account of the evening. On behalf of my client, his family and his fans we are pleased this is now over.”The decision was also confirmed by the State Attorney’s Office, which said the charges were dropped. It was not immediately clear if the case’s closeout memo had ...

Pulse nightclub property to be purchased by city of Orlando and turned into a memorial

Published Fri, 27 Dec 2024 12:34:49 GMT

ORLANDO, Fla. (AP) — The city of Orlando plans to purchase the Pulse nightclub property where 49 people were massacred seven years ago with the intention of building a memorial for the victims, Mayor Buddy Dyer said Wednesday.A proposal to purchase the property for $2 million will be presented before the city council next Monday. If it is approved, the sale will close by the end of the month, Dyer said in a news release.“In the interest of solving challenges in a way that brings our community together in love, acceptance and partnership, which is the enduring legacy of Pulse, we have decided to purchase the land from its current owners,” Dyer said. “We believe that this is the best and most appropriate way to expedite the creation of a proper memorial for the Pulse tragedy.”The efforts to build a memorial for Pulse victims had been moving ahead in fits and starts since the massacre at the gay nightclub in 2016. Barbara and Rosario Poma and businessman Michael Panaggio have owned the...