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US inflation rises for the first time in a year to 3.2% rate, but underlying measures remain mild

Published Fri, 27 Dec 2024 10:18:17 GMT

WASHINGTON (AP) — Inflation in the United States rose in July after 12 straight months of declines, boosted by costlier housing. But excluding volatile food and energy prices, so-called core inflation matched the smallest monthly increase in nearly two years. The inflation figure the government reported Thursday showed that consumer prices increased 3.2% from a year earlier. That was up from a 3% annual rise in June, which was the lowest rate in more than two years. The July inflation figure remained far below last year’s peak of 9.1%, though still above the Federal Reserve’s 2% target.The Fed, economists and investors, though, pay particular attention to the core inflation figures for signs of where inflationary pressures might be headed. From June to July, core inflation remained a tame 0.2%.Thursday’s price data will be among the key barometers the Fed will weigh in deciding whether to continue raising interest rates. In its drive to tame inflation, the Fed has raised its benchma...

Safety standards weren’t met at French vacation home housing disabled adults where a fire killed 11

Published Fri, 27 Dec 2024 10:18:17 GMT

PARIS (AP) — Required safety standards weren’t met at a vacation home housing adults with disabilities at which a fire killed 11 people in eastern France, a deputy prosecutor said Thursday. A day earlier, the fire killed 10 adults with slight intellectual disabilities and one person accompanying them. Nathalie Kielwasser, the deputy prosecutor of Colmar, said the first phase of the investigation showed that a mandatory safety inspection for such accommodations had not been done. Speaking on French news broadcaster BFM TV, she said the fire started from the upper floor, but its cause has not been determined. The large vacation house in the Alsacian town of Wintzenheim was equipped for 28 people, including 12 on the ground floor and 16 on the upper floor, with smoke detectors, she added.The building was rented to groups of people by a private owner, who was not identified. It was not specifically dedicated to disabled people.The disabled adults were on a vacation sponsored by tw...

Number of Americans applying for jobless aid rises, but not enough to cause concern

Published Fri, 27 Dec 2024 10:18:17 GMT

The number of Americans applying for jobless benefits jumped last week, but not enough to raise concern about the consistently strong U.S. labor market.U.S. applications for unemployment benefits rose by 21,000 to 248,000 for the week ending August 5, from 227,000 the week before, the Labor Department reported Thursday. That’s the most in five weeks.The four-week moving average of claims, a less volatile reading, ticked up by 2,750 to 228,250.Jobless claim applications are viewed as broadly representative of the number of layoffs in a given week.Overall, 1.68 million people were collecting unemployment benefits the week that ended July 29, about 8,000 fewer than the previous week.Matt Ott, The Associated Press

SIU investigating after OPP officer fires ‘anti-riot weapon’ at teen in Orillia

Published Fri, 27 Dec 2024 10:18:17 GMT

The Special Investigations Unit (SIU) is investigating after an Ontario Provincial Police officer fired an anti-riot weapon at a 16-year-old male.Police responded to a call around 11:30 a.m. Wednesday at a home in Orillia for a domestic incident.The SIU says when the male saw officers in the home, he produced a knife. One officer responded by discharging his Anti-riot Weapon ENfield (ARWEN) at the male.The male was taken to hospital.Although the male was not seriously injured, the SIU invoked its mandate because a police officer discharged an ARWEN, which is classified as a firearm.Under the Special Investigations Unit Act, a firearm is defined as a barrelled weapon from which any shot, bullet or other projectile can be discharged and that is capable of causing serious bodily injury or death to a person.

Stock market today: Wall Street marches higher ahead of new numbers on US inflation and jobs

Published Fri, 27 Dec 2024 10:18:17 GMT

TOKYO — Wall Street pointed toward gains before markets opened Thursday ahead of a closely watched U.S. inflation report.Futures for the Dow Jones industrials and the S&P 500 each climbed 0.5% before the opening bell.The U.S. government will give its monthly update on the inflation at the consumer level in less than an hour. Economists expect to see a small acceleration to 3.3% in July from 3% in June. Tina Teng, markets analyst at CMC Markets, called the looming update “a pivotal event for global markets.” U.S. Federal Reserve officials have said repeatedly that their upcoming decisions on interest rates would depend on the latest economic data, especially for inflation and the job market. A hot reading on inflation would certainly support the view that the Fed’s job in battling inflation is far from done and that it may have to keep hiking interest rates. At the least, it could push the Fed to keep rates high for longer than expected. High interest rates rates can cool inflati...

Boat carrying Rohingya migrants capsizes in the Bay of Bengal, killing at least 17

Published Fri, 27 Dec 2024 10:18:17 GMT

BANGKOK (AP) — A boat carrying minority Rohingya migrants from Myanmar has capsized in the Bay of Bengal, leaving at least 17 people dead and about 30 missing, a rescue official said Thursday.About 55 people were on the boat when it left Buthidaung township in the western state of Rakhine last weekend, said Byar La, general secretary of Shwe Yaung Metta Foundation.Eight people survived the weekend accident in the sea near Sittwe, the capital of Rakhine, he said. The boat was headed for Malaysia and the exact time and cause of the capsizing were unknown, he said.Byar La said 17 bodies, including 10 women, were recovered along the shore in Sittwe, about 335 kilometers (210 miles) west of the national capital, Naypyitaw, between Monday and Wednesday. The eight survivors were taken away by Myanmar’s security forces, he said.Members of rescue teams and the authorities were continuing to search for the missing people, he said.Rakhine state Attorney General Hla Thein said bodies had ...

Colin Meloy of The Decemberists working on first novel for adults, scheduled for 2025

Published Fri, 27 Dec 2024 10:18:17 GMT

NEW YORK (AP) — Colin Meloy, frontman of The Decemberists and already a popular children’s author, is now writing a novel for adults.Meloy’s book, which has the working title “Cascadia,” is scheduled for 2025 (in the spring, not in December), G.P. Putnam’s Sons announced Thursday. “Cascadia” features a protagonist named Barnaby Chambers, who sells discarded baby membrane tissue and is otherwise contending with artificial intelligence, climate change and falling birth rates. “This story, the story of Barnaby Chambers in a near-future Oregon wrecked by climate crises and hypercapitalism, is one I’ve wanted to tell for a very long time now,” Meloy said in a statement. The Decemberists are known for such albums as “The Hazards of Love” and “The King Is Dead,” and received a best rock song Grammy nomination in 2011 for “Down By the Water.” Meloy’s previous books include the children’s stories “Wildwood” and “Under Wildwood,” both illustrated by his wife, Car...

Barbie, Oppenheimer ‘leading the charge’ to big profits for Cineplex: CEO

Published Fri, 27 Dec 2024 10:18:17 GMT

TORONTO — Cineplex Inc. says it reaped the rewards of a strong slate of films at the box office last quarter, with smash hits Barbie and Oppenheimer leading the charge since.In the three months ended June 30, the movie theatre company notched net income of $176.5 million, towering over the $1.3 million it earned in the same period a year earlier.Cineplex’s total revenue in its second quarter increased 21 per cent to $423.1 million compared to $349.9 million the year before.But the Toronto-based company says second-quarter box office revenues of $164.5 million remained at only 79 per cent of 2019 levels, which reached $189.4 million.On an adjusted basis, Canada’s largest cinema chain says diluted earnings hit $1.99 per share versus two cents per share a year prior, beating analyst expectations of 21 cents per share, according to financial markets firm Refinitiv.Cineplex CEO Ellis Jacob says a compelling batch of films last quarter such as The Super Mario Bros. Movie, whic...

Are the federal Liberals cooked? Or not?

Published Fri, 27 Dec 2024 10:18:17 GMT

In today’s Big Story Podcast, the polls are not looking good for Justin Trudeau and company as they prepare to attempt a fourth straight election win. The Liberals’ recent cabinet shuffle failed to halt their downward slide, and even their territorial advantage in Ontario — a historic stronghold — seems to be waning.David Moscrop is a writer, author, podcaster, and political commentator. He says that after 8 years in power, the Liberal’s may have a steep hill to climb to reach win number four.“Mounting scandals, they tend to weigh on governments over time, and then just general malaise that emerges, there’s probably a whole bunch of things that are going into this, and then at some point governments just start aging like milk in the sun,” says Moscrop.So what might the Liberals do to change the narrative and reverse this trend? And will it even matter if Canadians are just, generally, angry?You can subscribe to The Big Story podcast on Apple Podcasts, Google and Spotify....

Man found dead after 19-hour police standoff on West Side

Published Fri, 27 Dec 2024 10:18:17 GMT

CHICAGO — A man was found dead after a more than 19-hour standoff with police on the city's West Side.The incident started at a home on the 5400 block of West Walton Street in the city's Austin neighborhood around 7 a.m. Wednesday. 4 dead, including suspected ‘aggressor,’ after shooting inside home in Crystal Lake: police A law enforcement source said members of the violent crimes task force served a warrant at a tri-level apartment building in connection with an armed robbery investigation.When officers made contact with the suspect, a shot was fired in their direction. No one was hurt and no one returned fire.The man then barricaded himself inside an apartment for hours. Niles introduces feral cat program for rat control Around 2 a.m. Thursday, police entered the apartment and found the man dead.No other injuries were reported.