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S&P/TSX composite gains 265 points Tuesday, U.S. markets also rise

Published Wed, 26 Feb 2025 11:32:31 GMT

TORONTO — Gains in energy, technology and base metals helped lead a broad-based rally on Canada’s main stock index Tuesday, which rose 1.32 per cent, while U.S. markets also posted gains. The S&P/TSX composite index closed up 265.27 points at 20,290.41.In New York, the Dow Jones industrial average was up 292.69 points at 34,852.67. The S&P 500 index was up 64.32 points at 4,497.63, while the Nasdaq composite was up 238.63 points at 13,943.76.Stocks rose on a pair of economic reports that showed a continued downtrend in the data that informs central bank decisions on interest rates, said Lesley Marks, chief investment officer of equities at Mackenzie Investments.“I guess it’s the case of bad news is good news,” said Marks. The U.S. government reported that job openings in July fell to the lowest level since March 2021. “Job openings are a key indication of the health of an economy,” said Marks. Meanwhile, the Conference Board reported that consumer confidence fell in Au...

HeyJB LIVE: Hurricane Idalia becomes Category 2 hurricane

Published Wed, 26 Feb 2025 11:32:31 GMT

TAMPA, Fla. (WFLA) — Idalia strengthened into a Category 2 hurricane Tuesday and is expected to rapidly intensify in the Gulf of Mexico.As of a 5 p.m. update, the National Hurricane Center said Idalia is about 195 miles southwest of Tampa, moving north around 15 mph. The storm's wind speeds have increased to 100 mph. Real-time wobble tracker monitoring Hurricane Idalia’s shifts in Gulf of Mexico Idalia is forecast to track west of Tampa and make landfall along the northwest Gulf Coast of Florida sometime on Wednesday as an "extremely dangerous" Category 3 major hurricane, to the NHC said.Storm surge remains the biggest threat with Idalia, with some areas north of Tampa Bay expected to see 8 to 15 feet of storm surge, with 4 to 7 feet in the Tampa Bay area and 3 to 5 feet south of Tampa Bay.The storm surge threat is increased thanks to higher-than-normal high tides due to Wednesday's Super Moon. Do I need to evacuate? Orders issued for several counties ahead of Idalia A hurrican...

CPD: Bronzeville man who may need medical attention missing since 2019

Published Wed, 26 Feb 2025 11:32:31 GMT

CHICAGO -- The Chicago Police Department is asking for the public's help in locating a missing 54-year-old man who was last seen in August of 2019.Michael Thomas, 54, was last seen on the 3400 block of South Michigan Avenue in Chicago's Bronzeville neighborhood on August 20, 2019. CPD: Man diagnosed with schizophrenia, bipolar missing since last week Thomas is described as 5-foot-6, weighing 125 pounds, with brown eyes and gray hair. He was last seen wearing a gray shirt, dark shorts, and uses a wheelchair to move around.Thomas may be in need of medical attention.Anyone with information regarding Michael Thomas' whereabouts are asked to contact the Chicago Police Department at 213-747-8380.

3M agrees to pay $6 billion to settle earplug lawsuits from service members

Published Wed, 26 Feb 2025 11:32:31 GMT

NEW YORK (AP) — Chemical and consumer product manufacturer 3M said Tuesday it has agreed to pay $6 billion to settle lawsuits from U.S. service members who say they experienced hearing loss or other serious injuries after using faulty earplugs made by the company.The settlement, consisting of $5 billion in cash and $1 billion in 3M stock, will be made in payments that will run through 2029.Hundreds of thousands of veterans and current service members have sued 3M and Aearo Technologies, a company that 3M acquired in 2008, over their Combat Arms Earplugs. The service members alleged that a defective design allowed the products — which were intended to protect ears from close-range firearms and other loud noises — to loosen slightly and allow hearing damage, according to Aylstock, Witkin, Kreis, & Overholtz PLLC, one of the law firms representing plaintiffs.In an online summary about the litigation, the Florida-based law firm notes that 3M previously agreed to pay $9.1 millio...

Cause of house explosion that killed NFL player Caleb Farley's father released

Published Wed, 26 Feb 2025 11:32:31 GMT

MOORESVILLE, N.C. (WJZY) – North Carolina authorities have identified the cause of a catastrophic house explosion that killed NFL player Caleb Farley's father.Iredell County Fire Services and Emergency Management announced Tuesday that a natural gas explosion with unknown origin leveled the Mooresville home.Dominion Energy tested the regulator in the gas meter that was recovered from the scene at its facility in Gastonia, and the regulator was normal.Authorities could not read the hour-by-hour usage because of an issue with the software, Director Kent Greene explained. Authorities are unsure if they'll be able to read it in the future. 911 calls released in Mooresville house explosion that killed NFL player’s father Robert Matthews Farley, 61, was killed in the house explosion while staying in the home, which was owned by his son, who plays cornerback for the Tennessee Titans. Farley's body was recovered around 4:30 a.m. Tuesday, Aug. 22, as crews searched the debris.A friend of C...

Pence outlines Day 1 executive actions if elected president

Published Wed, 26 Feb 2025 11:32:31 GMT

Former Vice President Mike Pence on Tuesday outlined a slew of executive actions he would take on Day 1 if he is elected president in 2024, making clear he would seek to roll back federal support for abortion and for transgender youth.Pence detailed his plans on a call with reporters, arguing numerous executive actions would be needed to unwind the Biden administration’s agenda.“As I’ve said since I launched my campaign, I'm running for president because I think this country is in a lot of trouble,” he said.“Our Day 1 executive action plan is an attempt to lay out a vision for those initial actions that we believe would begin to set our nation aright,” he added.Here’s a look at some of the executive actions Pence said he would take upon assuming the presidency:Repeal federal support for abortionPence said he would rescind any executive actions taken by the Biden White House to promote abortion and provide resources to those looking to get the procedure, as well as drop all federal l...

Austin officials working on 'path forward' amid Nixta Taqueria permitting issues

Published Wed, 26 Feb 2025 11:32:31 GMT

AUSTIN (KXAN) — City of Austin officials said they are working on a "path forward" for Nixta Taqueria amid permitting issues identified at the restaurant, according to a city memo released Monday.City leaders said in the memo there are "life safety and permitting challenges" at the restaurant, located at 2512 E. 12th St. On Aug. 16, an Austin Energy high heat alarm was triggered due to an electric meter overheating at the restaurant, per the memo. The building is divided up into two suites, using two meters. Nixta Taqueria asking for community’s help after city permitting issues "The AE technician found burned wires on the business owners' side of the meter and determined that the business was using too much amperage," the memo read in part. "This presents a severe risk of fire or explosion and a threat to public safety. Therefore, AE disabled one of the meters and left a Notice of Electrical Hazard with the business owner."The memo said Nixta Taqueria's owners submitted an electr...

Kyle Police Chief: Large quantity of fentanyl found in the region

Published Wed, 26 Feb 2025 11:32:31 GMT

KYLE, Texas (KXAN) --- Less than a month into the new school year and Kyle Police Chief Jeff Barnett said his police department is finding fentanyl in the hands of teenagers yet again. This comes as a man police arrested in the area for distributing fentanyl to a minor last year was re-arrested on similar charges this June. The previous arrestBack in September 2022, KXAN reported on a joint press conference with the Drug Enforcement Administration (DEA), the Kyle Police Department and the Hays County Sheriff's Office announcing the arrest of Anthony Jean Perez Rios. PREVIOUS COVERAGE: Arrests made in Hays County fentanyl investigation, initiatives announced Rios was arrested in San Marcos and charged with the following:Manufacture and delivery with intent to distribute a controlled substanceDelivery of a controlled substance to a childPossession of a controlled substance“He had nearly 400 counterfeit Percocet pills containing fentanyl,” Barnett said during the press conference.Ch...

Deputies association says it's understaffed by 400 officers, blames Williamson County for inaction

Published Wed, 26 Feb 2025 11:32:31 GMT

GEORGETOWN, Texas (KXAN) — The Williamson County Deputies Association accused county commissioners of inaction that's led to understaffing in the Williamson County Sheriff's Office. The WCDA also said the WCSO does not have adequate manpower to keep up with the rapidly growing population.Deputy Charles Duvall, president of the WCDA, addressed a small crowd on the steps of the historic county courthouse, flanked by Sheriff Mike Gleason, WCSO detectives and other WCDA affiliates.Duvall said national data from the FBI says county agencies reported an average of 2.8 officers per 1,000 inhabitants. He said Williamson County right now has .78 deputies per 1,000 residents, highlighting a large disparity between WCSO's ranks and the national average."We need an additional 445 new deputies to meet the national average number of deputies. To be clear, there is only one opening on patrol and that opening is about to be filled," Duvall said.These comments come as the Williamson County Commissi...

Q&A: Gophers AD Mark Coyle on football team success, USC job and what he needs from Ben Johnson

Published Wed, 26 Feb 2025 11:32:31 GMT

Gophers Athletics Director Mark Coyle had a letter sitting his desk Tuesday from a long-time season-ticket holder. He was preparing a personalized response, but first sat down with the Pioneer Press to address hot topics at the U of M, the Big Ten Conference and across college sports.Coyle shared what success might look like for head coach P.J. Fleck’s football team with one of the most challenging schedules in the country this fall, the expanding Big Ten Conference and how the U is doing with name, image and likeness (NIL) programs. Plus, Coyle responds to how he was linked to the open AD job at the University of Southern California and what he needs to see from men’s basketball coach Ben Johnson in his third season this winter.Here’s a condensed version of the interview:P.J. Fleck has won nine or more games in every full season since 2019. The standard has been raised, but obviously the schedule is much more difficult this year. What does success look like for th...