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Stock market today: Wall Street rises after jobs report comes in warm but hopefully not too hot

Published Wed, 26 Feb 2025 02:17:46 GMT

NEW YORK (AP) — Wall Street shook off a mixed start and gained ground Friday after data suggested the U.S. job market is still warm enough to keep the economy growing but maybe not so hot that it stokes inflation much higher.The S&P 500 rose 0.5% in afternoon trading. The Dow Jones Industrial Average rose 76 points, or 0.2%, at 33,999, as of 12:43 p.m. Eastern time, and the Nasdaq composite was 0.8% higher.A lot is riding on whether the economy can navigate the narrow pathway to avoid a long-predicted recession. It needs to keep growing despite much higher interest rates instituted by the Federal Reserve to bring down inflation. But it can’t grow so quickly that the Fed feels pressure to brake much harder on the economy to prevent inflation from spiraling higher.Friday’s report showed U.S. employers added 209,000 jobs last month, a slowdown from May’s hiring of 306,000. Perhaps more importantly, it wasn’t far off economists’ expectations. That’s unlike a report from Thursday, wh...

Police investigating east end shooting, 1 victim found

Published Wed, 26 Feb 2025 02:17:46 GMT

Toronto Police are on the scene of a shooting in Leslieville that injured one person on Friday afternoon. Officers were called to the Queen Street East and Carlaw Avenue area at around 12:23 p.m. for reports of shots fired. One victim was found in the area with undisclosed injuries. No further details were immediately available. More to come

Israeli forces kill 3 Palestinians in the occupied West Bank, days after major offensive

Published Wed, 26 Feb 2025 02:17:46 GMT

NABLUS, West Bank (AP) — Israeli forces killed three Palestinians, including two militants, in the occupied West Bank Friday, days after Israel concluded a major two-day offensive meant to crack down on militants. The persistent violence raised questions about the effectiveness of the raid earlier this week in the Jenin refugee camp, which saw Israel launch rare airstrikes on militant targets, deploy hundreds of troops and cause widespread damage to roads, homes and businesses. Twelve Palestinians and one Israeli soldier were killed in the operation.In the nearby city of Nablus, the West Bank’s commercial capital and a flashpoint city, two militants were killed in a gunbattle with Israeli forces. Israel’s Shin Bet security agency said the men were behind a shooting attack this week on a police vehicle.Later Friday, Palestinian health officials said a man was fatally shot in the chest by Israeli forces during a demonstration in Umm Safa, a town in the central West Bank. T...

UN nuclear agency seeks more access to the plant that Kyiv and Moscow say is under threat

Published Wed, 26 Feb 2025 02:17:46 GMT

TOKYO (AP) — The head of the United Nations nuclear agency said Friday he was pushing for access to the rooftops of reactors at the Zaporizhzhia Nuclear Power Plant in Ukraine, where Ukrainian officials accused Russia of planting explosives.Russia in turn accused Ukraine of planning to sabotage the plant. Neither side has provided any evidence for their claims of an imminent threat.The plant was seized by Russia in March 2022, in the first weeks of the war in Ukraine, raising fears of a nuclear accident. The Russians have cited security concerns in granting only limited access to officials from the International Atomic Energy Agency.Wrapping up a four-day visit to Japan, IAEA Director General Rafael Mariano Grossi told The Associated Press that the IAEA had recently gained access to more of the site, including the cooling pond and fuel storage areas.The Ukrainians had said those areas were mined by the Russians, but the IAEA found they were not, Grossi said.“It’s like a ...

Authorities charge 5 more in probe of child sexual abuse among Jehovah’s Witnesses in Pennsylvania

Published Wed, 26 Feb 2025 02:17:46 GMT

PHILADELPHIA (AP) — A Pennsylvania grand jury investigating child sexual abuse in the Jehovah’s Witnesses community has charged another five people with raping or molesting children as young as 4, the latest developments in an ongoing probe that has identified 14 suspects.Pennsylvania Attorney General Michelle Henry, at a Friday news conference, said that while the misconduct dates back years or even decades, “the trauma endures for these victims.” Henry did not address the church’s handling of complaints, but said the investigation would continue.Critics say that Jehovah’s Witnesses elders have treated child sexual abuse as a sin rather than a crime, documenting complaints in internal files but not reporting them to authorities. And they say the church often required a second witness to substantiate a complaint, a standard that can be impossible to meet when perpetrators often isolate their victims. Church spokesman Jarrod Lopes has challenged those conclusions, saying that e...

Cost of retrieving trapped boring machine under Toronto street balloons to $25M

Published Wed, 26 Feb 2025 02:17:46 GMT

The City of Toronto appears to be out many millions of dollars as work continues to recover a tunnel boring machine that became stuck under a west-end street last year.The five metre long micro-tunneling machine became stuck in April 2022 during construction work to dig a new storm drain under Old Mill Drive near Bloor Street West.A report from city staff suggests the cost to retrieve the machine has now tripled to $25 million.“Several challenges were encountered during the ground stabilization work causing the emergency retrieval of the micro-tunnelling boring machine to become more complicated and take longer than originally anticipated,” reads the report.The retrieval of the machinery has taken six months longer than initially planned, which has attributed to the soaring cost of the project. The Purchase Order Amendment request from the city increases the total cost by approximately $16 million, bringing the initial cost of $9 million to around $25 million.The work on...

SNC-Lavalin to sell Scandinavian division in first big move in its strategic review

Published Wed, 26 Feb 2025 02:17:46 GMT

MONTREAL — SNC-Lavalin Group Inc. says it has made a deal to sell its Scandinavian engineering business to a French consulting firm, the first big move under its strategic review.SNC-Lavalin says the sale to Systra Group, which specializes in public transport, will yield about 80 million pounds, or roughly $136 million.SNC launched a strategic review in March, eyeing asset selloffs as the company looked to pivot away from cash-draining fixed-price construction contracts and sharpen its game as a pure-play engineering firm in green energy and infrastructure.As other possible divestitures, CEO Ian Edwards has pointed to SNC’s seven per cent stake in the Hwy. 407 toll road near Toronto and to Linxon, a joint venture with Hitachi Energy that focuses on electrical substations.RBC Dominion Securities analyst Sabahat Khan says the Scandinavian segment generated marginal profits and about $95 million in revenue annually — less than two per cent of SNC’s yearly total.The agreemen...

Boy, 16, arrested in North York carjacking; second suspect at-large

Published Wed, 26 Feb 2025 02:17:46 GMT

Toronto police arrested a 16-year-old boy and continue to search for a second suspect, both accused of carjacking a woman’s high-end SUV back in May.On May 22, a 38-year-old woman parked her 2021 Aston Martin DBX and went into nearby store in the area of Yonge Street and Avondale Avenue near Highway 401.Police say two suspects who were waiting outside the store confronted the woman when she went back to her SUV and demanded the keys to the vehicle. One of the suspects had a handgun.The suspects then fled the area in her SUV, which has since been recovered.Investigators were able to identify one of the suspects and during a search warrant on Thursday took the male teen into custody.At the time of the search, officers also found a prohibited extended firearm magazine and other evidence related to the investigation.The teen, who is from Toronto, faces seven charges, including Disguise With Intent, Unauthorized Possession of Prohibited Device, and two counts of Possession Property...

Cook County ending livestreaming of court proceedings

Published Wed, 26 Feb 2025 02:17:46 GMT

CHICAGO — Cook County is ending livesteaming court proceedings on YouTube, citing that the COVID-19 pandemic is over.As a result of the pandemic in 2020, the county began live streaming all court proceedings, allowing family and media to attend online.In addition to the ending of the national COVID-19 emergency, the county also cited "rogue actors" that have disrupted court.While viewing court online, Cook County states that it's against the law to record the proceedings. In their statement below, the county claims the livestreaming can "create a permanent electronic record." Court docs: Little Village father accused of killing wife, daughter agreed to rehab prior to shooting; no bail "The Circuit Court of Cook County announced today that, effective July 17, 2023, court proceedings will no longer be livestreamed.During the COVID-19 pandemic and under restrictions of the National Health Emergency and the State of Illinois Public Health Emergency, the court employed technological en...

Boy, 14, charged with carjacking in Auburn Gresham

Published Wed, 26 Feb 2025 02:17:46 GMT

CHICAGO -- A 14-year-old boy is facing felony charges after an armed carjacking that took place in the city's Auburn Gresham neighborhood last month. According to police, the boy was positively identified Thursday in the 1200 block of West 69th Street as the individual who forcefully took a vehicle at gunpoint from a 47-year-old woman and a 50-year-old man. Pat Fitzgerald gets a suspension after Northwestern hazing investigation The incident took place in the 1100 block of West 78th Street on June 19th. The boy was taken into custody and charged accordingly. There was no additional information provided.