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S&P/TSX composite down more than 150 points, U.S. stock markets also lower

Published Fri, 27 Dec 2024 11:37:03 GMT

TORONTO — Canada’s main stock index was down more than 150 points in late-morning trading as losses in the base metal, financial and telecommunications sectors helped lead the way lower, while U.S. stock markets also fell. The S&P/TSX composite index was down 159.54 points at 19,189.27.In New York, the Dow Jones industrial average was down 185.75 points at 33,228.42. The S&P 500 index was down 42.69 points at 4,235.31, while the Nasdaq composite was down 190.17 points at 12,996.01.The Canadian dollar traded for 73.02 cents US compared with 72.91 cents US on Thursday.The December crude contract was up 83 cents at US$89.20 per barrel and the November natural gas contract was down five cents at US$2.91 per mmBTU.The December gold contract was up US$23.70 at US$2,004.20 an ounce and the December copper contract was down two cents at US$3.58 a pound.This report by The Canadian Press was first published Oct. 20, 2023.Companies in this story: (TSX:GSPTSE, TSX:CADUSD)The Canad...

Central America scrambles as the international community fails to find solution to record migration

Published Fri, 27 Dec 2024 11:37:03 GMT

PASO CANOAS, Costa Rica (AP) — The fleet of buses roared past the Panama-Costa Rica border.Hundreds of Venezuelan, Haitian and Ecuadorian migrants pressed their faces to the windows as they looked out onto a sign that read “Welcome to Costa Rica.” But few of them will see more of the country than the winding roads through foggy glass.That’s because last week Costa Rica and Panama announced that, amid a historic crush of people headed to the United States, thousands of migrants a day would be bussed from the jungle-clad Darien Gap through their territories to the Nicaraguan border.The move is the latest patchwork solution by governments in Central America that often have appeared more concerned with lessening the impact on their own nations than complying with pressure from the Biden administration to keep migration levels in check. Regional leaders will seek longer term solutions at a migration summit in Mexico on Sunday.For many undertaking the dangerous journey north, like M...

Cleveland museum sues to stop seizure of statue believed to depict Marcus Aurelius

Published Fri, 27 Dec 2024 11:37:03 GMT

CLEVELAND (AP) — The Cleveland Museum of Art has sued New York City authorities over their seizure of a headless bronze statue believed to depict the Roman emperor and philosopher Marcus Aurelius.A warrant signed by a judge in Manhattan on Aug. 14 ordered the seizure of the statue, which the museum acquired in 1986 and had been a highlight of its collection of ancient Roman art. The museum argues in its suit that the statue was lawfully obtained and that Manhattan District Attorney Alvin Bragg’s office has no legal authority to seize it.The warrant was secured as part of an ongoing investigation into a smuggling network involving antiquities looted from Bubon in southwestern Turkey and trafficked through Manhattan, a spokesperson for Bragg has said. The 76-inch (1.9-meter) statue dates from A.D. 180 to 200 and is worth $20 million, according to the district attorney’s office. The suit filed Thursday asks a judge to declare that the museum is the rightful owner of the statue, which i...

Jordan seeks Speakership in third floor vote; He's expected to fall short: Live coverage

Published Fri, 27 Dec 2024 11:37:03 GMT

GOP Speaker nominee Jim Jordan (R-Ohio) on Friday said he would try again to break the two-week-long Speaker stalemate that has plunged the chamber into chaos.“Our plan this weekend is to get a Speaker elected to the House of Representatives as soon as possible so we can help the American people," Jordan said when asked what his plan is for the weekend.The Ohio Republican scrapped plans to hold a third vote on his bid Thursday after opponents came out of a meeting saying they would maintain their resistance to him and at least two lawmakers who voted for him previously said they would switch their votes.Jordan lost 20 and 22 Republican votes on the first two ballots, respectively.The Republican conference on Thursday also swatted down a proposal to temporarily empower Speaker Pro Tempore Patrick McHenry (R-N.C.), which was viewed by many as a last-ditch way to resume business in the House as the Speaker race continues behind the scenes.The House is scheduled to reconvene a...

Gun safes recalled nationwide from Naperville company

Published Fri, 27 Dec 2024 11:37:03 GMT

WASHINGTON — A nationwide recall of gun safes has been issued originating from a company in Naperville.The U.S. Consumer Product Safety Commission and Fortress Safe, based in Naperville, announced Thursday that nine models of gun safes have been recalled.The reason is due to 39 incidents of consumers reporting that their safes have been accessed by unpaired fingerprints. A recent lawsuit was filed alleging a 12-year-old boy died from a firearm obtained from a safe.Consumers can believe they have properly programmed the biometric feature when in fact the safe remains in the default to open mode.Consumers should immediately stop using the biometric feature, remove the batteries from the safe, and only use the key for the recalled safes being used to store firearms, according to the recall.The following models are affected.11B20Fortress Portable Safe with Biometric Lock44B10Fortress Personal Safe with Pop up door and Biometric Lock44B10LLegend Range & Field Personal Safe with Pop u...

Watch: Homeowner fires at armed would-be intruders who claimed to be police

Published Fri, 27 Dec 2024 11:37:03 GMT

(Credit: Auburn WA Police Dept via Storyful)(STORYFUL) -- Police have released video footage showing when a homeowner in Auburn, Washington, shot at a group of would-be intruders who had identified themselves as police officers.In footage captured in the early hours on Thursday, three people armed with guns can be seen approaching the door of a house. One identifies himself as “Seattle Police.” Man wanted in killing of Maryland circuit court judge The three attempt to break down the door of the house by kicking and shouldering it.Moments later, the sound of gunfire is heard and a screen door shatters. The three would-be intruders, who did not discharge their weapons, can then be seen ducking and running away.KOMO News cited an unnamed neighbor as saying his house was hit by a bullet.Police are seeking information from anyone who could identify the three people.

What is 'funflation'? And what does Taylor Swift have to do with it?

Published Fri, 27 Dec 2024 11:37:03 GMT

(NEXSTAR) — As Americans continue dealing with inflation in their everyday lives, a new term related to higher costs/lower gains is vexing many business owners. The new term is called "funflation" — but what does it mean exactly?"Funflation" is a word economists are using to refer to a current trend that bucks traditional consumer behavior during times of inflation. Historically, consumers have tended to cut back overall and spend only on necessary items, like replacing a washing machine or getting a new car. As explained by the New York Times, however, consumers chose to keep spending money on "fun" experiences (not products) through summer 2023. Terrell Owens, NFL Hall of Famer, hit by car in California After several years of COVID-19 shutdowns or limited events, many economists and bankers say data shows people are spending money on experiences they might have missed during lockdowns or illness.It's part of the reason the live entertainment industry is currently booming — espec...

'Kids were banging on the windows': Chaotic Florida school bus incident caught on video

Published Fri, 27 Dec 2024 11:37:03 GMT

TAMPA, Fla. (WFLA) — An altercation at a bus stop led to early morning chaos for students and parents in Tampa, Florida. The Hillsborough School District said bad behavior by parents was to blame, but parents are blaming the bus driver. Parents of students at Tampa Bay Boulevard Elementary School contacted Nexstar's WFLA after witnessing a confrontation between a father and a bus driver at a bus stop before their children were dropped off at school. "He [the father] got on the bus because his daughters wouldn't sit down,” one parent, Lakeisha Brown, recalled. “He told his kids to sit down (and) the bus driver started telling him, 'Hey, you can't be on the bus. It's trespassing.'" Christopher and Roberta Laundrie send settlement proposal to Gabby Petito’s parents Brown said the driver and the parent started arguing. The father reportedly yelled profanities, according to a police report, then got off the bus. A video shows the bus driver close the doors and drive off for a moment, t...

Sorry, Barbie? SAG-AFTRA issues Halloween costume rules amid strike

Published Fri, 27 Dec 2024 11:37:03 GMT

(NEXSTAR/KTLA) – SAG-AFTRA is instructing members to be mindful of their Halloween costumes lest they "inadvertently break strike rules" during the actors' strike.On Wednesday, SAG-AFTRA posted an infographic containing its costume guidelines for striking actors, which included "strike-friendly tips and tricks" for avoiding any costumes that would promote, or take inspiration from struck work.The infographic did not provide any examples of costumes to avoid, but instead suggested several safe choices."Choose costumes inspired by generalized characters and figures (ghost, zombie, spider, etc.)," one section reads."Dress up as characters from non-struck content, like an animated TV show," another tip suggests.SAG-AFTRA further instructed members to not even post any social-media photos of other people in costume, if those costumes are "inspired" by struck shows or movies. A-list actors offer $150M to end SAG strike A representative for SAG-AFTRA was not immediately available to spec...

DePaul brings back a legend to its athletic department

Published Fri, 27 Dec 2024 11:37:03 GMT

CHICAGO — One of the greatest players in the history of DePaul athletics is making a return to the school to take a new position. Chicago native Mark Aguirre, who was a star for the Blue Demons in the late 1970s and early 1980s, is returning to the school to be a special assistant to athletic director DeWayne Peevy. The role begins immediately for a player who earned accolades in high school and college in Chicago before a lengthy NBA career in Dallas, Detroit, and Los Angeles. "It's such an honor to partner and work alongside such a distinguished alumnus as Mark," said Peevy in a statement released by the school. "As we have gotten to know each other over the past few years, it's been apparent we are aligned in our vision for DePaul University, and specifically the athletics department. "I look forward to working more closely with Mark to develop a championship experience in Lincoln Park for our athletes, and jointly pursue community and donor engagement initiatives that allow us ...